Excerpt: ...or mistress, the luxury, the wild expenses, the prodigality of a King, might soon exhaust a bank, and ruin all the holders of notes, that is to say, overthrow the realm. M. le Duc d'Orleans agreed to this; but at the same time maintained that a King would have so much interest in never meddling or allowing minister, mistress, or favourite to meddle with the bank, that this capital inconvenience was never to be feared. Upon that we for a long time disputed without convincing each other, so that when, some few ...
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Excerpt: ...or mistress, the luxury, the wild expenses, the prodigality of a King, might soon exhaust a bank, and ruin all the holders of notes, that is to say, overthrow the realm. M. le Duc d'Orleans agreed to this; but at the same time maintained that a King would have so much interest in never meddling or allowing minister, mistress, or favourite to meddle with the bank, that this capital inconvenience was never to be feared. Upon that we for a long time disputed without convincing each other, so that when, some few days afterwards, he proposed the bank to the regency council, I gave my opinion as I have just explained it, but with more force and at length: and my conclusion was to reject the bank, as a bait the most fatal, in an absolute country, while in a free country it would be a very good and very wise establishment. Few dared to be of this opinion: the bank passed. Duc d'Orleans cast upon me some little reproaches, but gentle, for having spoken at such length. I based my excuses upon my belief that by duty, honour, and conscience, I ought to speak according to my persuasion, after having well thought over the matter, and explained myself sufficiently to make my opinion well understood, and the reason I had for forming it. Immediately after, the edict was registered without difficulty at the Parliament. This assembly sometimes knew how to please the Regent with good grace in order to turn the cold shoulder to him afterwards with more efficacy. Some time after, to relate all at once, M. le Duc d'Orleans wished me to see Law in order that he might explain to me his plans, and asked me to do so as a favour. I represented to him my unskilfulness in all finance matters; that Law would in vain speak a language to me of which I understood nothing, that we should both lose our time very uselessly. I tried to back out thus, as well as I could. The Regent several times reverted to the charge, and at last demanded my submission. Law came then to my house....
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