John Law of Lauriston / Financier and Statesman, Founder of the Bank of France, Originator of the Mississippi Scheme, Etc.

Chapter 17: Transcriber’s Notes

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About This Book

The biography follows an ambitious financier from his formative years through gambling-driven exile and sustained experiments in banking and public finance. It charts his efforts to remedy national indebtedness with proposals such as a land bank, the founding of a private bank that became a royal institution, and the creation and expansion of a trading company whose shares fueled a speculative mania. The account details the resulting economic boom and collapse, administrative conflicts, and personal ascendancy and downfall, while examining underlying financial theories, contemporary reactions, and archival sources to assess his methods and legacy.

Transcriber’s Notes

Punctuation, hyphenation, and spelling were made consistent when a predominant preference was found in the original book; otherwise they were not changed.

Simple typographical errors were corrected; unbalanced quotation marks were remedied when the change was obvious, and otherwise left unbalanced.

Illustrations in this eBook have been positioned between paragraphs and outside quotations. In versions of this eBook that support hyperlinks, the page references in the List of Illustrations lead to the corresponding illustrations.

The illustrations at the beginnings of the chapters are decorative. They are not illustrated letters, but simple line drawings within “L”-shaped borders.

The text uses “Orléans” and “Orleans” with about equal frequency, so both have been retained here. Other frequent omissions of accent marks have been corrected only when there was a predominant pattern to their usage.