ts
enemies. Law had lost all influence in the Council of Finance, and the
company, being despoiled of its immunities, could no longer hold out the
shadow of a prospect of being able to fulfil its engagements. All those
suspected of illegal profits at the time the public delusion was at its
height, were sought out and amerced in heavy fines. It was previously
ordered that a list of the original proprietors should be made out, and
that such persons as still retained their shares should place them in
deposit with the company, and that those who had neglected to complete the
shares for which they had put down their names, should now purchase them
of the company, at the rate of 13,500 livres for each share of 500 livres.
Rather than submit to pay this enormous sum for stock which was actually
at a discount, the shareholders packed up all their portable effects, and
endeavoured to find a refuge in foreign countries. Orders were immediately
issued to the authorities at the ports and frontiers, to apprehend all
travellers who sought to leave the kingdom, and keep them in custody,
until it was ascertained whether they had any plate or jewellery with
them, or were concerned in the late stock-jobbing. Against such few as
escaped, the punishment of death was recorded, while the most arbitrary
proceedings were instituted against those who remained.
Law himself, in a moment of despair, determined to leave a country where
his life was no longer secure. He at first only demanded permission to
retire from Paris to one of his country-seats--a permission which the
regent cheerfully granted. The latter was much affected at the unhappy
turn affairs had taken, but his faith continued unmoved in the truth and
efficacy of Law's financial system. His eyes were opened to his own
errors; and during the few remaining years of his life he constantly
longed for an opportunity of again establishing the system upon a securer
basis. At Law's last interview with the prince, he is reported to have
said,--"I confess that I have committed many faults. I committed them
because I am a man, and all men are liable to error; but I declare to you
most solemnly that none of them proceeded from wicked or dishonest
motives, and that nothing of the kind will be found in the whole course of
my conduct."
[Illustration: LAW IN A CAR DRAWN BY COCKS.[14]]
[14] Law in a car drawn by cocks; from _Het groote Tofereel der
Dwaasheid_.
Two or three days af
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