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Irving, Washington, 1783-1859

"The Crayon Papers"

Law needed no urging to the measure. His only desire
was to escape from Paris and its tempestuous populace. Two days before the
return of parliament he took his sudden and secret departure. He traveled
in a chaise bearing the arms of the regent, and was escorted by a kind of
safeguard of servants in the duke's livery. His first place of refuge was
an estate of the regent's, about six leagues from Paris, from whence he
pushed forward to Bruxelles.
As soon as Law was fairly out of the way, the Duke of Orleans summoned a
council of the regency, and informed them that they were assembled to
deliberate on the state of the finances, and the affairs of the India
Company. Accordingly La Houssaye, comptroller-general, rendered a perfectly
clear statement, by which it appeared that there were bank bills in
circulation to the amount of two milliards, seven hundred millions of
livres, without any evidence that this enormous sum had been emitted in
virtue of any ordinance from the general assembly of the India Company,
which alone had the right to authorize such emissions.


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