old Montauban; one
of 6000 livres to M. de Montauban (younger brother of the Prince de
Guemene); and one of 6000 livres to the Duchesse de Brissac. To several
other people he gave pensions of 4000 livres; to eight or ten others,
3000 or 2000 livres. I obtained one of 8000 livres for Madame Marechal
de Lorges; and one of 6000 livres was given to the Marechal de Chamilly,
whose affairs were much deranged by the Mississippi. M. de Soubise and
the Marquis Noailles had each upwards of 200,000 livres. Even Saint-
Genies, just out of the Bastille, and banished to Beauvais, had a pension
of 1000. Everybody in truth wanted an augmentation of income, on account
of the extreme high price to which the commonest, almost necessary things
had risen, and even all other things; which, although at last diminshed
by degrees, remain to this day much dearer than they were before the
Mississippi.
The pensions being given away, M. le Duc d'Orleans began to think how he
could reduce the public expenditure. Persuaded by those in whose
financial knowledge he had most confidence, he resolved to reduce to two
per cent. the interest upon all the funds. This much relieved those who
paid, but terribly cut down the income of those who received, that is to
say, the creditors of the state, who had lent their money at five per
cent., according to the loan--and, public faith and usage, and who had
hitherto peacefully enjoyed that interest. M. le Duc d'Orleans assembled
at the Palais Royal several financiers of different rank, and resolved
with them to pass this edict. It made much stir among the Parliament
men, who refused to register it. But M. le Duc d'Orleans would not
change his determination, and maintained his decree in spite of them.
By dint of turning and turning around the Mississippi, not to say of
juggling with it, the desire came to establish, according to the example
of the English, colonies in the vast countries beyond the seas. In order
to people these colonies, persons without means of livelihood, sturdy
beggars, female and male, and a quantity of public creatures were carried
off. If this had been executed with discretion and discernment, with the
necessary measures and precautions, it would have ensured the object
proposed, and relieved Paris and the provinces of a heavy, useless, and
often dangerous burthen; but in Paris and elsewhere so much violence, and
even more roguery, were mixed up with it, that great murmuring was
|