large/12344/historyoffrance_1807_librivox_64kb_mp3/historyoffrance_06_yonge_64kb_24
large/12344/historyoffrance_1807_librivox_64kb_mp3/historyoffrance_06_yonge_64kb
English
12344
Every one speculated in shares, and the wildest excitement prevailed. EVERYONE SPECULATED IN SHARES AND THE WILDEST EXCITEMENT PREVAILED
r. His birth caused the appointment to be viewed as an outrage by the nobility, and the king's will was set aside. The first prince of the blood royal, Philip, Duke of Orleans, the late king's nephew, became sole regent--a man of good ability, but of easy, indolent nature; and who, in the enforced idleness of his life, had become dissipated and vicious beyond all imagination or description. He was kindly and gracious, and his mother said of him that he was like the prince in a fable whom all the fairies had endowed with gifts, except one malignant sprite who had prevented any favour being of use to him. In the general exhaustion produced by the wars of Louis XIV., a Scotchman named James Law began the great system of hollow speculation which has continued ever since to tempt people to their ruin. He tried raising sums of money on national credit, and also devised a company who were to lend money to found a great settlement on the Mississippi, the returns from which were to be enormous. ERY UNPOPULAR HIS BIRTH CAUSED THE APPOINTMENT TO BE VIEWED AS AN OUTRAGE BY THE NOBILITY AND THE KING'S WILL WAS SET ASIDE THE FIRST PRINCE OF THE BLOOD ROYAL PHILIP DUKE OF ORLEANS THE LATE KING'S NEPHEW BECAME SOLE REGENT A MAN OF GOOD ABILITY BUT OF EASY INDOLENT NATURE AND WHO IN THE ENFORCED IDLENESS OF HIS LIFE HAD BECOME DISSIPATED AND VICIOUS BEYOND ALL IMAGINATION OR DESCRIPTION HE WAS KINDLY AND GRACIOUS AND HIS MOTHER SAID OF HIM THAT HE WAS LIKE THE PRINCE IN A FABLE WHOM ALL THE FAIRIES HAD ENDOWED WITH GIFTS EXCEPT ONE MALIGNANT SPRITE WHO HAD PREVENTED ANY FAVOUR BEING OF USE TO HIM IN THE GENERAL EXHAUSTION PRODUCED BY THE WARS OF LOUIS THE FOURTEENTH A SCOTCHMAN NAMED JAMES LAW BEGAN THE GREAT SYSTEM OF HOLLOW SPECULATION WHICH HAS CONTINUED EVER SINCE TO TEMPT PEOPLE TO THEIR RUIN HE TRIED RAISING SUMS OF MONEY ON NATIONAL CREDIT AND ALSO DEVISED A COMPANY WHO WERE TO LEND MONEY TO FOUND A GREAT SETTLEMENT ON THE MISSISSIPPI THE RETURNS FROM WHICH WERE TO BE ENORMOUS
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