The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1904-07-29

]
The recent again ehoked with anger.
Law continued Go on. Smooth down
the back OF this animal Continue 70
reduce these taxes. The specie OF the
realm Of France. as I am banker
enough TO know. is not more than
| 100, O00. 900 liyres. allowing 65 livres
I TO the marc. Yet long before this your
grace has crowded the issue OF our
+ actions until there are out not less than
2.c00.OO0. 900 .livres in the stock Of
our company Your Brothers Paris
your D'ArsensOn, your Dubois viii tell
you how you can male the people OF
France continue to believe that twice
two is not four, that twice 10 is not
26,"
But this they are doing" broke in
the regent, with a ray of hope in his
face. This they are dong We have
provided for that In the council not
an hour aeo the Able Dubois and
Monsieur d'Argenson decided that the
time had come to make some fixed
proportion between the specie and
these notes. We have to-day framed
an edict, which the parliament will
register, stating that the interests of
the subjects of the king require that
the price of these bank notes should
be lessened, so that there may be some
sort Of accommodation between them
and the coin of the realm. We have
ordered that the shares shall, within
30 days, drop to 1900 livres, in another
30 days to 1000 livres, and so on, at
500 llvres month, until at last they
shall have a value of one-half what
they we're to-day. Then, tell me. my
wise Monsieur Las, would not the issue
of our notes and the total of our specie
be equal, one with the other? The
only wrong thing is this insulting pre-
sumption of these people, who have
sold actions at price lower than we
have decreed."
Law smiled as he replied. you say
excellently well, my master These
plans surely show that you and your
able counselors have studied deeply
the questions of finance! l have told
you what would happen to-day with
out any decree of the king. Now go |
you on, and make your DEGREES. You
more eager for values which are going |
up than values which are going down
Start your shares down hill, and you
will see all France scramble for such |
coin, such plate, such jewels as may |
be within the ability of France to lay |
her hands upon. Tell me, your grace
did Monsieur d'Argenson advise you
this morning as, to the total issue of
the actions of this company"
"Surely he did, and here | have 1t in
for | was to have taken
It up with yourself" replied the re-
gent.
49," exclaimed Law, look of sur
prise passing over his countenance, un-
i! now rigidly controlled as he gazed
1t the little slip of paper. your grace
advises me that there are issued at
his time in the shares of the company
10 less than two 2,235, 085 $50 liyres in
totes! Against this, as your grace is
rood enough to agree with me, we have
800 10000 of specie. Your grace
Yourself and | have seen some pretty
James In our day Look you, the mer- [
lest game of all your life is now but
ust before you'll"
"And you would go and leave me at
his timer"
Never in my life have forsaken a
riend at the time of distress" replied !
law. But your grace absolved me ]
When you forsook me, when you
Ioubted and hesitated regarding me,
nd believed the protestations of those Ii
lot so able as myself to Judge of what a
'as best. And now 1t is too late. Will q
our grace allow me to suggest that
place behind stout gates and barred
oors. deep within the interior of the :
'alais Royal, will be the best residence i
Or him to-night-perhaps for several o
lights to Gomez" O
"And YOURSELF" 8,
"As for myself, it does not matter" n
splied Law, slowly and deliberate
:. 81 have lived, and I thought had
lcceeded. Indeed, success was mine z
,r some short months, though now
lust meet failure. | have this to con-
Die me-that twas failure not of my
wn fault AS for France, loved her
8 for America, believe in her to- -
nv. this very hour. AS for your grace
person, was your friend nor was