five hundred thousand livres,
of which not one had ever been paid, and that he had been compelled to
pay yearly the interest of the debts he had contracted, debts that still
hung like a mill-stone upon me. My proposition was that M. le Duc
d'Orleans should indemnify me for this loss, I giving up the warrants, to
be burnt before him.

This he at once agreed to. He spoke of it the very next day to Law: my
warrants were burnt by degrees in the cabinet of M. le Duc d'Orleans, and
it was by this means I paid for what I had done at La Ferme.

Meanwhile the Mississippi scheme went on more swimmingly than ever. It
was established in the Rue Quincampoix, from which horses and coaches
were banished. About the end of October of this year, 1817, its business
so much increased, that the office was thronged all day long, and it was
found necessary to place clocks and guards with drums at each end of the
street, to inform people, at seven o'clock in the morning, of the opening
of business, and of its close at night: fresh announcements were issued,
too, prohibiting people from going there on Sundays and fete days.

Never had excitement or madness been heard of which approached this.

M. le Duc d'Orleans distributed a large number of the Company's shares to
all the general officers and others employed in the war against Spain.
A month after, the value of the specie was diminished; then the whole of
the coin was re-cast.

Money was in such abundance--that is to say, the notes of Law, preferred
then to the metallic currency--that four millions were paid to Bavaria,
and three millions to Sweden, in settlement of old debts. Shortly after,
M. le Duc d'Orleans gave 80,000 livres to Meuse; and 80,000 livres to
Madame de Chateauthiers, dame d'atours of Madame. The Abbe Alari, too,
obtained 2000 livres pension. Various other people had augmentation of
income given to them at this time.

Day by day Law's bank and his Mississippi increased in favour. The
confidence in them was complete. People could not change their lands and
their houses into paper fast enough, and the result of this paper was,
that everything became dear beyond all previous experience. All heads
were turned, Foreigners envied our good fortune, and left nothing undone
to have a share in it. The English, even, so clear and so learned in
banks, in companies, in commerce, allowed themselves to be caught, and
bitterly repented it afterwards. Law, although cold and discreet, fel