The daily union. [volume] (Washington [D.C.]) 1845-1857, 1856-03-18
THE cREDIrE MoBnfERE.

else the world would long since have become 80 Wls4
ueed no example whatever 1t is now little more tA,,
century and quarter since Laws Mississippi schsu.
all France, and may say all Europe stark staring
The Duchess Of Orleans mother TO the regent TOUCHING
the subject In her memoirs, says " He (Nr Law /, j
much after that he has rePose by day or BY p
duchess kissed his hand publicly. ia duehe. =.
do this what will not other ladies do2" Another 3,
quality, who had chased him in vain, hearing wbss ]
was TO dine passed before the honse and made her m
man and coachman cry :" FIRE In order 10 bring Ont n
Law that she might speak with him." sAnoher sdr =
dered her carriage to be driven opposite Mr. Laws b0I
and there overturned Addressing hersclto her eosm
she said; oyerturn here you blockhead--overturp "
Law out to her. and she confessed that she had A.
this for the sole purpose Of having interview with hin
:" People of all the nations Of Europe" contiuus a
Duchess, care daily coming TO Paris and ii has been m
mated that the number of souls in the capital has nc
100000, IL has been necessary 10 make granaries INT
bedrooms and the streets crowded with carb,,
that they dangerous TO people walking foot" W
my wanted duchess 10 accompany his daugh,r
Geneva, some one who heard him speaking of it said; ~
Monsieur, you would like to select from number OF d
esses send to Mr. Laws; you will find them all there
These items found in the letters of the Duchess m
leans among many Others, written between the 10Th Of
tember l7l0, and the 25th June, l720 On that day
writes: any has been obliged displace Mr. Law m
being comptroller general Of finance This person. who y,
formerly worshipped like god, now sure Of his ls
Is astonishing how terrified he is He has taken refuge in
Paais Royale. The poeulace have done him no harm
bis coachman has been pelted hia return and bis e.
ria9e broken TO pieces. 1t is almost impossible that LIZ
should escape for the soldiers who protect hia from
fury Of the people win not permit him to go out of The
hands" "Law is in an agony of fear He il
dead man he is pale sheet and il is said canD
get his last panic; yet think the people do not nov
intend pursue him any further for they have begun
make all kinds of songs about him"
On examination of Laws affairs by the council of rer
ii was found that his bank had issued 200 Of
beyond the legal sum- and that the whole amount in m
culation when the bubble burst was 2,s0oOOoOOO a
Irges Law finally escaped, and retired to Venice whe
he died. The mania extended 10 England and We d
not mistake members of Parliament were expelled
for participating in this fraudulent scheme for madden
the rich and defrauding the poor
the Credite Mobliere seems revival of Laws Mississippi
scheme much larger scale II bids fair to infect al
Europe, and convert government into system of st0i
jobbing unless the bubble bursts as ii probably will
fore IL takes root in the political system Of Europe 1t seems
far as we understand it, to be Of the last r
sorts OF national bankruptcy such desperate Speculation
wont to hatch when all other means Of avoiding A
catastrophe have failed Its object in the first place
doubt, enrich spectators and STOCKHOLDERS BIZ al
If VIC DO not mistake il strikes much deeper 1t smn
tempt to render government absolutely despo'ic by @
binrg political and pecuniary power, and giving It I'D
entire control of the interests of indiyiduals II
combination of political and pecuniary influence viii
be irresistible By comforting governments the pg
err Of controlling and regulating one Of the noa
potent machines ever invented for the subjugahN
mankind. 10 proportion governments the pre-
roga,ive of controlling or interfering with the Interests
individuals precisely in the proportion is their powell
increased and there is despotism rigid inaTb
and irresistible than that which originates in csmbns
ton Of powerful pecuniery interests in which the sas
partner.
The Credas kobsre L. therefore IL not grsaf
mistaken, deoplad scheme Of stock obbers and political
charaans 10 enlist the governments of Europe PaOst
and convert all Europe into Bourss for their operation
We have not room, nor qualified FOR critical annr
sis of this complicated affair bat we think wc comprcho
il sufficiently to predict with something like eonhdsDu
that though IL may possibly last longer than Nc Law
Mississippi scheme IL must eventually and at no dan
PERIOD end in crash that will shake Europe 10 i ubr
ts foundations laid In quicksand IL supesucu
composed of ncongruous materials that neither abr
together incorporate and lie substance butan inaa
balloon Great Britain, perceive, has not yet ie"1
of this holy alliance Of STOCKHOLDERS She has Ito
world Of stockholders Of Der own and Is already suda
ly under influence Of threeper-conL consos Wa'I
nesty hope she viii continue TO stand sloof from this
whirlpool Of stock obbing not only for her sake
ours for il IL pretty certain that should the inSa
reach her Il will cross the Atlantic and spread like f
the prairics.
Our object in these remarks is to caution cOunr
against this new and extensive and compass
Mississippi scheme. We have already more than sno'F
of fancy stocks and gambling brokers for all the Pur
Of swindng and speculation, and plenty Of bulls and oo
to grow fat by sucking each others paws For the ale
public and private morality let introduce sH
sink Of corruption ongender brood Of blOOd'Oa
ers TO faten on the community without contributing "|
drop to its health or vigor. May Heaven 10 is nero
saJe us from a government Of Etockjobbers 'pecu'0N
know-nothings emigrant corporations, aboonists 't0
minded women, political parsons, and philosopher NJ"
especially Philosopher Greeley, who believe make
point Of conscience Of nothing but Sighting.
TIE LEGISLATURE OF OHIO.
The professions and practices Of the abolitionko0