Waterbury evening Democrat., 1904-01-22

table. his eyes sinking. Mortgage where the security doubles every year, where the soil itself is security for wealth greater than all Europe ever owned"
 "Oh. very we'll, monsieur; though later I must ask you to explain"
 You admit that no more money can be forced from the people of France. 7
 "Ask the farmers of the taxes. Ask Chamillard of the treasury. My faith. look out of the window! Listen! Do not tell you that France is laughing?'
 Very well. Let us also laugh. Let us all laugh together. There Is money in France. more money in Europe. assure you these people can be brought to give cheerfully all they have"
 .It sounds we'll, Monsieur Las, but let me ask you howl"
 France is bankrupt-this is brutal, but none the less true. France must repudiate her obligations unless some thing be swiftly done. It is not noble to repudiate, your grace. Yet, if we cancel and not repudiate, if we can obtain the gold of France, of Europe 7
 Body of God! but you speak large, my friend.''
 s.Not so large. All subjects shrink as we come close to them by study. Iris easy to see that France has not money enough for her own business. If we had more money in France, we should have more production, and if we had more production, we might have taxes Thereby we might have somewhat in our treasury wherewith to keep the king in the saddle, and not under foot.''
 s'Then, if follow you,"' said Philippe, leaning slightly forward and again placing his finger tips judicially to- gether, you would coin greater amounts of money. Then, would ask you, where would you get your gold for the coinage?"
 Tt is not gold would coin," said Law, "but credit.'
 "The kingdom hath been run on credit for these many years.
 e.No, tis not that kind of credit that I mean mean the credit which comes of confidence. It is fate, necessity, which demands new system. The world has grown too much for every man to put his sixpence into the other mans hand, and carry away in a basket what he buys. We are no longer savages, to barter beads for hides. Yet we were as savages, did we not come to realize that this insuf- ficient coin must be replaced, in the evolution of affairs, just as barter has long ago been replaced
 And by what?"
 .As I said, by credit"
 sDo not annoy me by things too deep, but rather suggest some definite plan, if that may be.
 First of all, then, as I said to you years ago, we need a bank, a bank in which all the people of France shall have absolute confidence.
 You would, then, wish charter of some sort?'
 Only provided your grace shall please. I have of my own funds a half million livres or more. This would put into bank of general na- ture, if your grace shall please. That should be some small guarantee of my good faith in these plans.'' Monsieur Las would seem to have followed play to his good fortune. T Never to so good fortune as when first met your grace" replied Law. T have given to games of chance the severest thought and study. Just as much more have l given thought and study to this enterprise which pro- pose now to lay before you. And you ask the patent of the crown for your bank?"
 4'It were better if the institution re- ceived that open indorsement A slow frown settled upon the face l of the other. That is, at the begin ! ming. impossible, Monsieur Las, said the regent. .sIt is you who must prove these things which you propose. "Let it be so, then" said Law, with conviction. II make no doubt I shall obtain subscriptions for the shares. Remember my words. Within few months you shall see trebled the ener- gies of France. Money is the only thing which we have not in France. Why, your grace, suppose the collect DTS of taxes In the south of France succeed in raising the kings levies. That specie must come by wheeled ve- hicle all the way to Paris. Consider what loss of time is there, and con-