The Mississippi Bubble eBook

Emerson Hough
This eBook from the Gutenberg Project consists of approximately 348 pages of information about The Mississippi Bubble.

The Mississippi Bubble eBook

Emerson Hough
This eBook from the Gutenberg Project consists of approximately 348 pages of information about The Mississippi Bubble.

“As to the bank of these brothers L’as,” said the Prince de Conti, rapping out emphasis with his sword hilt on the table, “it surely has much to commend it.  Here is one of its notes, and witness what it says.  ’The bank promises to pay to the bearer at sight the sum of fifty livres in coin of the weight and standard of this day.’  That is to say, of this date which it bears.  Following these, are the words ‘value received.’  Now, my notary tells me that these words make this absolutely safe, so that I know what it means in coin to me at this day, or a year from now.  Is it not so, Monsieur Fraslin?”

The Jew reached out his hand, took the note, and peered over it in close scrutiny.

“’Tis no wonder, Monsieur le Prince,” said he, presently, “that orders have been given by the Government to receive this note without discount for the payment of the general taxes.  Upon my reputation, I must say to you that these notes will pass current better than your uncertain coin.  The specie of the king has been changed twice in value by the king’s orders.  Yet this bases itself upon a specie value which is not subject to any change.  Therein lies its own value.”

“It is indeed true,” broke in Varenne.  “Not a day goes by at this new bank but persons come to us and demand our notes rather than coin of the realm of France.”

“Yes, yes,” broke in the prince, “we are agreed as to all this, but there is much talk about further plans of this Monsieur L’as.  He has the ear of his Grace the regent, surely.  Now, sir, tell us what you know of these future affairs.”

“The rumor is, as I understand it,” answered Varenne, “that he is to take over control of the Company of the West—­to succeed, in short, to the shoes of Anthony Crozat.  There come curious stories of this province of Louisiana.”

“Of course,” resumed the prince, with easy wisdom, “we all of us know of the voyage of L’Huillier, who, with his four ships, went up this great river Messasebe, and who, as is well known, found that river of Blue Earth, described by early writers as abounding in gold and gems.”

“Aye, and there comes the strange part of it, and this is what I would lay before your Lordships, as bearing upon the value of the shares of this new bank, since it is taking over the charter of the Company of the West.  It is news not yet known upon the street.  The story goes that the half has not been told of the wealth of these provinces.

“Now, as you say, L’Huillier had with him four ships, and it is well known that his gentlemen had with them certain ladies of distinction, among these a mysterious dame reported to have earlier traveled in portions of New France.  The name of this mysterious female is not known, save that she is reported to have been a good friend of a sous-lieutenant of the regiment Carignan, sometime dweller at Quebec and Montreal, and who later became a lieutenant under L’Huillier.  It is said that this same mysterious

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Project Gutenberg
The Mississippi Bubble from Project Gutenberg. Public domain.