The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-10-06
From the Ne,o York Star.

From the Neo York Star.
Louisiana and F7orida--It is understood that Mr.
White Of Florida has suspended the publication Of his
history OF these two most interesting portions Of our
Union for short time, in consequence OF the recent
discovery Of important and interesting documents
found at Seville in SPAIN and at Versailles in France
relating their early history II appears by letter Of
this gentleman to friend, that the original charters,
commissions reports and correspondence oil the French
Colonies, were left at the Palace Of Versailles when
the court was established the Tulleres. and the
Ministerial establishments fixed in Paris. These pa
pers have at his instance been removed under royal
commission to the Office Of the Minister Of Marine IN
Paris and arranged in chronological order. Tho orgi-
nal commissions under which the discovery OF the
mouths and explorations of the of the Misss-
sppi made, with the reports OF the eminent engi-
noers viii be included Mr. White thus speaks Of The
celebrated company DOccdent, which had its origin
during the first years of the regency Of the Duke
D'Oreans, in the first years Of the ministry OF Louis
18th:
1t was at this period Law appeared. after having writ
ten several works upon credit banks, banking and n
nances in Scotland, and having examined in person the
operations Of the banks Of England Amsterdam and
Venice. He was a man of large private fortune, and
his commanding genius recommended him to the Re
gent a statesman upon whom he could rely in such
crisis. Law established his Bank Of circulation in l7l6.
He founded the !" Campsgnie dOccident" in l7l7 In
IT'S his individual bank converted intoa Banque
Royale." In l7l9 the debris Of the Campagnie DIES
Indies Orentales" established by Colbert, united
with the Compagnie dOccident," and took the gene
raj name Of the Compagnie des hides India Com
pany.) The Banking Company and the India Company
both placed under the control in some measure OF
the government and it was through the scenery and by
the exigency and necessities Of the Regent and his mi
nsters that such excessive issues made Of the ac-
tons Of both establishments which caused the expo
sion, for which Law himself prosecuted by the ILL
terate rabbc of France. .&. ~. ....t
The "Compagne d'Occident" was one of the
tons OF his genius founded upon the magnificent
cepton Of colonzing the whole of that immense coun
try, from the Gulf of st. Lawrence to the Gulf Of
Mexico, from the Caronas the east to the Pacific
the west covering the territory composing the
Canadas and States Of Michigan. Illinois, Missouri, Ar
kansas and Louisiana it existed before the secret
treaty of 1882 between France and Spain.
The !" CompagDe d'Occident" was created by LET
tres Patentes" in form Of edict in August l7l7.-
The privileges and concessions made to it, were en-
larged by the royal order uniting the two companies.
Among other curious documents the charter Of
Laws Bank will be published with comparison with
the Banks of Venice, Genoa, Amsterdam and England.
The history Of Louisiana will be history of New
France and Of the early history Of Illinois and Mis-
souri, That Of Florida will commence at period when
the Spaniards insisted that the Southern Boundary of
Florida was Virginia, and will include the interesting
details relating to the contention between Spain and
Great Britain when the charter granted by the lat
ter for the colony Of Georgia. The most interesting
portion however, will be the correspondence between
the ministers Of Great Britain and the Governors Of f..
Inent OF that, and more especially in the Southern
States.
Mr.. White, in short exposition he published in
France, proves that the scheme of Sub treasury or
Government Exchequer Bank is in fact borrowed from
the most corrupt government that existed in France
Speaking Of Laws Bank, he says:
The Bank, however, having been made a treasury or
Ercheqncr establishment, exploded, might have been
expected, from the condition in which France her minis
teFS Nnap nd
welded for the benefit and Of government separated
from commerce and the people at large. law, in one
OF his letters to the Regent displays his profound know
ledge OF government and human nature. He says that
Bank can better be sustained in monarchy than in
any form OF government where it has the protection,
and not under the control of the King, as it will be
free from the agtatlons Of popular excitement and the
temptation in great cxgences in popular governments,
TO seize upon the resources and finances Of
the country. The monarchy having more means its
disposal to sustain itself, will not be readily forced
by necessity to put its hands into the public purse
protect itself by total separation OF its affairs from that
OF the interests and currency Of the population. His
plans and projects however, in advance Of the age
IN which he lived, and from the the necessities
OF the Government forced such an issue of the Bank
and of the actions of the "Compagnic dOccident," a
failure was the consequence and it much easier for
public Indignation 10 pursue private individual than
the Regent. as the banking house could be destroyed
with greater facility than the Palas Royal Law had
large fortune and by popular ,umut which could drive
him from the country an opportunity would be afforded
of plundering his individual revenues
The "Compagnie dOccident" though much embar-
raised BY this financial explosion, continued its opera
tons. The powers granted it, as it will, have been
by the ANALYSIS Of its charter embraced every thing
but nominal sovereignty Of France the colony
1t had the unconditional grant of all the lands Mines
and minerals appointments Of all its officers, civil mill
tary, and Judicial.
For the first time, it declared by royal edct,
that it should not be derogatory the nobility engage
In banking stocks, and the ordinary pursuits
of life. The great object Of Law to induce by the
alurements OF interest," and the prospects Of fortune in
new world the ndoent nobility, to devote themselves
to useful employment