onger be hidden.

This manifestation, which so strongly interested the shareholders, and
the holders of bank notes, especially those who had received shares or
notes as favours due to their authority, and who could show no other
title to them, threw every one into despair. The most important holders,
such as the Princes of the Blood, and others, whose profits had been
immense, had by force or industry delayed this manifestation as long as
possible. As they knew the real state of affairs, they felt that the
moment all the world knew it also, their gains would cease, and their
paper become worthless, that paper from which they had drawn so much, and
which had not cost them a farthing! This is what induced M. le Duc
d'Orleans to hide from them the day of this manifestation, so as to avoid
being importuned by them; and by a surprise, to take from them the power
of preparing any opposition to the measures it was proposed to carry out.
M. le Duc, when he learned this, flew into a fury, and hence the strange
scene between him and M. le Duc d'Orleans, which scandalised and
terrified everybody in the Council.

M. le Duc d'Orleans, who, from taste, and afterwards from necessity,
lived upon schemes and trickery, thought he had done marvels in saddling
M. le Duc with the passport of Law. He wished to lay the blame of Law's
departure upon M. le Duc; but as I have shown, he was defeated by his own
weapons. He had to do with a man as sharp as himself. M. le Duc, who
knew he had nothing to fear, would not allow it to be supposed that he
had sanctioned the flight of the financier. That was why he pressed M.
le Duc d'Orleans so pitilessly, and forced him to admit that he had never
asked him to allow Law to leave the country.

The great and terrible fact brought out by this Council was, that Law,
without the knowledge or authority of the Regent, had issued and
disseminated among the public 600,000,000 livres of notes; and not only
without being authorised by any edict, but contrary to express
prohibition. But when the Regent announced this, who did he suppose
would credit it? Who could believe that Law would have had the hardihood
to issue notes at this rate without the sanction and approbation of his
master?

However, to leave once and for all these unpleasant matters, let me say
what was resolved upon by way of remedy to the embarrassments discovered
to exist. The junction of the India Company with the bank, which had
take