Mobile daily commercial register and patriot., 1841-07-14


 Hunts Muchaats' Magazine, for July, contains it's usual variety of instructive The leading ar- ticle is history of the Bank Bubble in France, or of the Mississippi, from which we take the following pas sage for the especial benefit of MT. Riddle and other whg financers
 s'More than 300 900 persons are said to have been reduced from wealth to want by the depreciation of the stock of the bank and the dishonor of its notes. The victim of the Mississippi Scheme might look to the repenished eoaers of the government, to the dis encountered estates of the princes of the blood with the consciousness that it had been through his own destruction that their revenues had been built up- Private fortunes had been melted together by whole sale, to create the estate of minister or favorite, like the ordinary coins which are drawn from the usual purposes of circulation, and are brought together
 in one great mass to form splendid but unnecessary article of plate The grounds of Chanty, which had been mortgaged, and even alienated in part, during the misfottunes of the family, were recovered by the Duke of Bourbon, though the means which his success
 ul specuIatons afforded, and built up in magnihcence suitable to the condition of the most princely house of Europe. ' An English gentleman, by the name of Gage, amassed SO immense fortune, that, in defiance of the usual dccorum of continental etiquette, he o
 fered three millions sterling to the King of Poland for his crown; and the monarch is said to have been deaf to the voice of selfrespect, as to have actually
 treated for the sale. It would have seemed if the wealth of the whole nation had been thrown into the governmental foundry and recast into colossal shapes which astonshed not only from their grandeur but
 their solidty. The face of the countryw was reduced to wderness-its fields were dry-its aborers star ying--its trade conused-while here and there, on the shore, or in the forest, might be seen splendid palace, or grotesque pagoda, which had been built by the collected energies of the state. The eye of the traveller was caught by the monoumehts of wealth which stood out in the distance before him, and he forgot to notice the miserable hovel by their side- The chronicles of the Court of Louis XIV. are too
 much wrapped up in the weight of the in- trigues which they relate, to bestow thought upGn the silent suiferings that were enduredby them who were not involved in the masquerade. Madame du Barr says careessy that the poor wereound starved and frozen in troops, in the dreadful winter that sued but she relates it matter of speculative riosity, in the same way that almanac writers in own day relate the extraordinary movements among wild beasts, who were driven by the extremity of the weather to the roadside to die The princess Eliza beth wondered that the people shoull starse, she asked whether they were too proud to tat bread. In another reign the cup was full, and th princess Eli zabeh led to the halter, to expIaf the crimes of those from whom her honors were descended. She might have looked to the other end f the street in which she was sacrificed and seen there, led sim liar errana to that in which she employed, vic
 tim for more rail, but less obnoxious the exc cutiouers. The daughter of king Louis KY. and the mistress who countenanced him in his last atrocities, might have called to remembrance in that solemn hour.
  ate, and which the other had aggravated till the ment of their revenge had arrived. "The founder of the Missipp Scheme found himself brought down in the course of few short months from pitch of honor second to that alone which be- longs to the king to point so low that there were none in that great realm who would have uone him | reverence. In the dseolate retreat at Venice, in which he hastened draw around him that obscury which could form hls only shield, he might have look ed back time, only year distant, when he stood in the highest pinnacle of the state. The Earl of Iay in letter written at the crisis of the speculation, says that he found Mir Law g antechamber guarded by Swiss troopers, who were placed there to keep the crowds of sutors who pressed about its door, Peers of France and princes of the royal blood, seen daily waiting at his door, hopg by their hollow compliments, and their humble attentions, to win the notice of the great 6nancier. .f..f Etlt
 "As on the day of his highest exaation, when every circumstance had combined to raise him to pitch of power unexampled in subject, Mr. Law proceed ed, after the immediate business of his department was closed to hold the levee which the lateness of his employment required him to delay till almost midnight, he might have seen, as the last visiter departed, or the last suppant dismissed, he first rays of morning which was to usher in his com plete degradation. There was scarcely breathing time betweenhis highest elevation, and his final ruin. He seemed to have reached the pinnacle or hgh mountain, and then, slipping from his foothold, to have fallen with violence which carried him bebw the level from winch his exertions had first bsen directed. A guard was necessary on the day of he banks stoppage, preserve his person from volere and even under its escort he was insulted by phy- cards brandisied before his face, in which he vas style s.pdpioi,r and s.fls ains de Satan.' He lad expatriated himself from his native land; he pw was banished from that which had been the land of his prosperity. We can follow him in his waywrd course from to court from capital to capial, until at last, with fortune which had experienced every vicisstude, till its substance was worn away by its changes, and with name which was soled with every blemish which in those dssolne tines could be woa he died in Venice, the 2lst Maich