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On the eleventh of December, Law obtained another prohibitory decree, for
the purpose of sweeping all the remaining specie in circulation into the
bank. By this it was forbidden to make any payment in silver above ten
livres, or in gold above three hundred.
The repeated decrees of this nature, the object of which was to depreciate
the value of gold, and increase the illusive credit of paper, began to
awaken doubts of a system which required such bolstering. Capitalists
gradually awoke from their bewilderment. Sound and able financiers
consulted together, and agreed to make common cause against this continual
expansion of a paper system. The shares of the bank and of the company
began to decline in value. Wary men took the alarm, and began to
_realize_, a word now first brought into use, to express the
conversion of _ideal_ property into something _real_.
The prince of Conti, one of the most prominent and grasping of the
Mississippi lords, was the first to give a blow to the credit of the bank.


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