The Duke of Orleans came back again; the king had sent for him. “When I am dead,” he said, “you will have the young king taken to Vincennes; the air there is good; he will remain there until all the ceremonies are over at Versailles, and the castle well cleaned afterwards; you will then bring him back again.” He at the same time gave orders for going and furnishing Vincennes, and directed a casket to be opened in which the plan of the castle was kept, because, as the court had not been there for fifty years, Cavoye, grand chamberlain of his household, had never prepared apartments there. “When I was king . . . ,” he said several times.

A quack had brought a remedy which would cure gangrene, he said. The sore on the leg was hopeless, but they gave the king a dose of the elixir in a glass of Alicante. “To life and to death,” said he as he took the glass; “just as it shall please God.” The remedy appeared to act; the king recovered a little strength. The throng of courtiers, which, the day before, had been crowding to suffocation in the rooms of the Duke of Orleans, withdrew at once. Louis XIV. did not delude himself about this apparent rally. “Prayers are offered in all the churches for your Majesty’s life,” said the parish priest of Versailles. “That is not the question,” said the king “it is my salvation that much needs praying for.”

Madame de Maintenon had hitherto remained in the back rooms, though constantly in the king’s chamber when he was alone. He said to her once, “What consoles me for leaving you, is that it will not be long before we meet again.” She made no reply. “What will become of you?” he added; “you have nothing.” “Do not think of me,” said she; “I am nobody; think only of God.” He said farewell to her; she still remained a little while in his room, and went out when he was no longer conscious. She had given away here and there the few movables that belonged to her, and now took the road to St. Cyr. On the steps she met Marshal Villeroy. “Good by, marshal,” she said curtly, and covered up her face in her coifs. He! it was who sent her news of the king to the last moment. The Duke of Orleans, on becoming regent, went to see her, and took her the patent (brevet) for a pension of sixty thousand livres, “which her disinterestedness had made necessary for her,” said the preamble. It was paid her up to the last day of her life. History makes no further mention of her name; she never left St. Cyr. Thither the czar Peter the Great, when he visited Paris and France, went to see her; she was confined to her bed; he sat a little while beside her. “What is your malady?” he asked her through his interpreter. “A great age,” answered Madame de Maintenon, smiling. He looked at her a moment longer in silence; then, closing the curtains, he went out abruptly. The memory he would have called up had vanished. The woman on whom the great king had, for thirty years, heaped confidence and affection, was old, forgotten, dying; she expired at St. Cyr on the 15th of April, 1719, at the age of eighty-three.

She had left the king to die alone. He was in the agonies; the prayers in extremity were being repeated around him; the ceremonial recalled him to consciousness. He joined his voice with the voices of those present, repeating the prayers with them. Already the court was hurrying to the Duke of Orleans; some of the more confident had repaired to the Duke of Maine’s; the king’s servants were left almost alone around his bed; the tones of the dying man were distinctly heard above the great number of priests. He several times repeated, Nunc et in hora mortis. Then he said, quite loud, “O, my God, come Thou to help me, haste Thee to succor me.” Those were his last words. He expired on Sunday, the 1st of September, 1715, at eight A. M. Next day, he would have been seventy-seven years of age, and he had reigned seventy-two of them.

In spite of his faults and his numerous and culpable errors, Louis XIV. had lived and died like a king. The slow and grievous agony of olden France was about to begin.

CHAPTER LI.

LOUIS XV., THE REGENCY, AND CARDINAL DUBOIS.

1715-1723.

At the very moment when the master’s hand is missed from his work, the narrative makes a sudden bound out of the simple times of history. Under Henry IV., under Richelieu, under Louis XIV., events found quite naturally their guiding hand and their centre; men as well as circumstances formed a group around the head of the nation, whether king or minister, to thence unfold themselves quite clearly before the eyes of posterity. Starting from the reign of Louis XV. the nation has no longer a head, history no longer a centre; at the same time with a master of the higher order, great servants also fail the French monarchy; it all at once collapses, betraying thus the exhaustion of Louis XIV.‘s latter years; decadence is no longer veiled by the remnants of the splendor which was still reflected from the great king and his great reign; the glory of olden France descends slowly to its grave. At the same time, and in a future as yet obscured, intellectual progress begins to dawn; new ideas of justice, of humanity, of generous equity towards the masses germinate sparsely in certain minds; it is no longer Christianity alone that inspires them, though the honor is reflected upon it in a general way and as regards the principles with which it has silently permeated modern society, but they who contribute to spread them, refuse with indignation to acknowledge the source whence they have drawn them. Intellectual movement no longer appertains exclusively to the higher classes, to the ecclesiastics, or to the members of the Parliaments; vaguely as yet, and retarded by apathy in the government as well as by disorder in affairs, it propagates and extends itself imperceptibly pending that signal and terrible explosion of good and evil which is to characterize the close of the eighteenth century. Decadence and progress are going on confusedly in the minds as well as in the material condition of the nation. They must be distinguished and traced without any pretence of separating them.

There we have the reign of Louis XV. in its entirety.

The regency of the Duke of Orleans and the ministry of Cardinal Dubois showed certain traits of the general tendencies and to a certain extent felt their influence; they formed, however, a distinct epoch, abounding in original efforts and bold attempts, which remained without result, but which testified to the lively reaction in men’s minds against the courses and fundamental principles of the reign which had just ended.

Louis XIV. had made no mistake about the respect which his last wishes were destined to meet with after his death. In spite of the most extreme precautions, the secret of the will had transpired, giving occasion for some days past to secret intrigues. Scarcely had the king breathed his last, when the Duke of Orleans was urged to get the regency conferred upon him by the dukes and peers, simply making to Parliament an announcement of what had been done. The Duke of Orleans was a better judge of the moral authority belonging to that important body; and it was to the Palace of Justice that he repaired on the morning of September 2, 1715. The crowd there was immense; the young king alone was not there, in spite of his great-grandfather’s express instructions. The day was a decisive one; the legitimatized princes were present, “the Duke of Maine bursting with joy,” says St. Simon; “a smiling, satisfied air overrippled that of audacity, of confidence, which nevertheless peeped through, and the politeness which seemed to struggle against it. He bowed right and left, piercing every one with his looks. Towards the peers, the earnestness, it is not too much to say the respectfulness, the slowness, the profoundness of his bow was eloquent. His head remained lowered even on recovering himself.” The Duke of Orleans had just begun to speak; his voice was not steady; he repeated the terms of which the king had made use, he said, for the purpose of confiding the dauphin to his care. “To you I commend him; serve him faithfully as you have served me, and labor to preserve to him his kingdom. I have made such dispositions as I thought wisest; but one cannot foresee everything; if there is anything that does not seem good, it will of course be altered.”

The favor of the assembly was plainly with him, and the prince’s accents became more firm. “I shall never,” said he, “have any other purpose but to relieve the people, to reestablish good order in the finances, to maintain peace at home and abroad, and to restore unity and tranquillity to the church; therein I shall be aided by the wise representations of this august assembly, and I hereby ask for them in anticipation.” The Parliament was completely won; the right of representation (or remonstrance) was promised them; the will of Louis XIV. was as good as annulled; it was opened, it was read, and so were the two codicils. All the authority was intrusted to a council of regency of which the Duke of Orleans was to be the head, but without preponderating voice and without power to supersede any of the members, all designated in advance by Louis XIV. The person and the education of the young king, as well as the command of the household troops, were intrusted to the Duke of Maine.

“It was listened to in dead silence, and with a sort of indignation, which expressed itself in all countenances,” says St. Simon. “The king, no doubt, did not comprehend the force of what he had been made to do,” said the Duke of Orleans; “he assured me in the last days of his life that I should find in his dispositions nothing that I was not sure to be pleased with, and he himself referred the ministers to me on business, with all the orders to be given.” He asked, therefore, to have his regency declared such as it ought to be, “full and independent, with free formation of the council of regency.” The Duke of Maine wished to say a word. “You shall speak in your turn, Sir,” said the Duke of Orleans in a dry tone. The court immediately decided in his favor by acclamation, and even without proceeding in the regular way to vote. There remained the codicils, which annulled in fact the Regent’s authority. A discussion began between the Duke of Orleans and the Duke of Maine; it was causing Philip of Orleans to lose the advantage he had just won; his friends succeeded in making him perceive this, and he put off the session until after dinner. When they returned to the Palace of Justice the codicils were puffed away like the will by the breath of popular favor. The Duke of Maine, despoiled of the command of the king’s household, declared that, under such conditions, it was impossible for him to be answerable for the king’s person, and that he “demanded to be relieved of that duty.” “Most willingly, Sir,” replied the Regent; “your services are no longer required;” and he forthwith explained to the Parliament his intention of governing affairs according to the plan which had been found among the papers of the Duke of Burgundy. “Those gentry know little or nothing of the French, and of the way to govern them,” had been the remark of Louis XIV. on reading the schemes of Fenelon, the Duke of Beauvilliers, and St. Simon. The Parliament applauded the formation of the six councils of foreign affairs, of finance, of war, of the marine, of home or the interior, of conscience or ecclesiastical affairs; the Regent was intrusted with the free disposal of graces. “I want to be free for good,” said he, adroitly repeating a phrase from Telemaque, “I consent to have my hands tied for evil.”

The victory was complete. Not a shred remained of Louis XIV.‘s will. The Duke of Maine, confounded and humiliated, retired to his Castle of Sceaux, there to endure the reproaches of his wife. The king’s affection and Madame de Maintenon’s clever tactics had not sufficed to found his power; the remaining vestiges of his greatness were themselves about to vanish before long in their turn.

On the 12th of September, the little king held a bed of justice; his governess, Madame de Ventadour, sat alone at the feet of the poor orphan, abandoned on the pinnacle of power. All the decisions of September 2 were ratified in the child’s name. Louis XIV. had just descended to the tomb without pomp and without regret. The joy of the people broke out indecently as the funeral train passed by; the nation had forgotten the glory of the great king; it remembered only the evils which had for so long oppressed it during his reign.

The new councils had already been constituted, when it was discovered that commerce had been forgotten; and to it was assigned a seventh body. “Three sorts of men, the choice of whom was dictated by propriety, weakness, and necessity, filled the lists: in the first place, great lords, veterans in intrigue but novices in affairs, and less useful from their influence than embarrassing from their pride and their pettinesses; next, the Regent’s friends, the cream of the rows, possessed with the spirit of opposition and corruption, ignorant and clever, bold and lazy, and far better calculated to harass than to conduct a government; lastly, below them, were pitch-forked in, pell-mell, councillors of State, masters of requests, members of Parliament, well-informed and industrious gentlemen, fated henceforth to crawl about at the bottom of the committees, and, without the spur of glory or emulation, to repair the blunders which must be expected from the incapacity of the first and the recklessness of the second class amongst their colleagues.” [Lemontey, Histoire de la Regence, t. i. p. 67.] “It is necessary,” the young king was made to say in the preamble to the ordinance which established the councils, “that affairs should be regulated rather by unanimous consent than by way of authority.”

How singular are the monstrosities of experience! At the head of the council of finance, a place was found for the Duke of Noailles, active in mind and restless in character, without any fixed principles, an adroit and a shameless courtier, strict in all religious observances under Louis XIV., and a notorious debauchee under the Regency, but intelligent, insolent, ambitious, hungering and thirsting to do good if he could, but evil if need were, and in order to arrive at his ends. His uncle, Cardinal Noailles, who had been but lately threatened by the court of Rome with the loss of his hat, and who had seen himself forbidden to approach the dying king, was now president of the council of conscience. Marshal d’Huxelles, one of the negotiators who had managed the treaty of Utrecht, was at the head of foreign affairs. The Regent had reserved to himself one single department, the Academy of Sciences. “I quite intend,” said he, gayly, “to ask the king, on his majority, to let me still be Secretary of State of the Academy.”

The Regent’s predilection, consolidating the work of Colbert, contributed to the development of scientific researches, for which the neatness and clearness of French thought rendered it thenceforth so singularly well adapted.

The gates of the prison were meanwhile being thrown open to many a poor creature; the Jansenists left the Bastille; others, who had been for a long time past in confinement, were still ignorant of the grounds for their captivity, which was by this time forgotten by everybody. A wretched Italian, who had been arrested the very day of his arrival in Paris, thirty-five years before, begged to remain in prison; he had no longer any family, or relatives, or resources. For a while the Protestants thought they saw their advantage in the clemency with which the new reign appeared to be inaugurated, and began to meet again in their assemblies; the Regent had some idea of doing them justice, re-establishing the Edict of Nantes, and re-opening to the exiles the doors of their country, but his councillors dissuaded him; the more virtuous, like St. Simon, from Catholic piety, the more depraved from policy and indifference. However, the lot of the Protestants remained under the Regency less hard than it had been under Louis XIV., and than it became under the Duke of Bourbon.

The chancellor, Voysin, had just died. To this post the Regent summoned the attorney-general, D’Aguesseau, beloved and esteemed of all, learned, eloquent, virtuous, but too exclusively a man of Parliament for the functions which had been confided to him. “He would have made a sublime premier president,” said St. Simon, who did not like him. The magistrate was attending mass at St. Andre-des-Arts; he was not ignorant of the chancellor’s death, when a valet came in great haste to inform him that the Regent wanted him at the Palais-Royal. D’Aguesseau piously heard out the remainder of the mass before obeying the prince’s orders. The casket containing the seals was already upon the table. The Duke of Orleans took the attorney-general by the arm and, going out with him into the gallery thronged with courtiers, said, “Gentlemen, here is your new and most worthy chancellor!” and he took him away with him to the Tuileries, to pay his respects to the little king.

On returning home, still all in a whirl, D’Aguesseau went up to the room of his brother, “M. de Valjouan, a sort of Epicurean (voluptueux) philosopher, with plenty of wit and learning, but altogether one of the oddest creatures.” He found him in his dressing-gown, smoking in front of the fire. “Brother,” said he, as he entered, “I have come to tell you that I am chancellor.” “Chancellor!” said the other, turning round; “and what have you done with the other one?” “He died suddenly to-night.” “O, very well, brother, I am very glad; I would rather it were you than I;” and he resumed his pipe. Madame D’Aguesseau was better pleased. Her husband has eulogized her handsomely. “A wife like mine,” he said, “is a good man’s highest reward.”

The new system of government, as yet untried, and confided to men for the most part little accustomed to affairs, had to put up with the most formidable difficulties, and to struggle against the most painful position. The treasury was empty, and the country exhausted; the army was not paid, and the most honorable men, such as the Duke of St. Simon, saw no other remedy for the evils of the state but a total bankruptcy, and the convocation of the States-general. Both expedients were equally repugnant to the Duke of Orleans. The Duke of Noailles had entered upon a course of severe economy; the king’s household was diminished, twenty-five thousand men were struck off the strength of the army, exemption from talliage for six years was promised to all such discharged soldiers as should restore a deserted house, and should put into cultivation the fields lying waste. At the same time something was being taken off the crushing weight of the taxes, and the state was assuming the charge of recovering them directly, without any regard for the real or supposed advances of the receivers-general; their accounts were submitted to the revision of the brothers Paris, sons of an innkeeper in the Dauphinese Alps, who had made fortunes by military contracts, and were all four reputed to be very able in matters of finance. They were likewise commissioned to revise the bills circulating in the name of the state, in other words, to suppress a great number without reimbursement to the holder, a sort of bankruptcy in disguise, which did not help to raise the public credit. At the same time also a chamber of justice, instituted for that purpose, was prosecuting the tax-farmers (traitants), as Louis XIV. had done at the commencement of his reign, during the suit against Fouquet. All were obliged to account for their acquisitions and the state of their fortunes; the notaries were compelled to bring their books before the court. Several tax-farmers (traitants) killed themselves to escape the violence and severity of the procedure. The Parliament, anything but favorable to the speculators, but still less disposed to suffer its judicial privileges to be encroached upon, found fault with the degrees of the Chamber. The Regent’s friends were eager to profit by the reaction which was manifesting itself in the public mind; partly from compassion, partly from shameful cupidity, all the courtiers set themselves to work to obtain grace for the prosecuted financiers. The finest ladies sold their protection with brazen faces; the Regent, who had sworn to show no favor to anybody, yielded to the solicitations of his friends, to the great disgust of M. Rouille-Ducoudray, member of the council of finance, who directed the operations of the Chamber of Justice with the same stern frankness which had made him not long before say to a body of tax-farmers (traitants) who wanted to put at his disposal a certain number of shares in their enterprise, “And suppose I were to go shares with you, how could I have you hanged, in case you were rogues?” Nobody was really hanged, although torture and the penalty of death had been set down in the list of punishments to which the guilty were liable; out of four thousand five hundred amenable cases, nearly three thousand had been exempted from the tax. “The corruption is so wide-spread,” says the preamble to the edict of March, 1727, which suppressed the Chamber of Justice, “that nearly all conditions have been infected by it in such sort that the most righteous severities could not be employed to punish so great a number of culprits without causing a dangerous interruption to commerce, and a kind of general shock in the system of the state.” The resources derived from the punishment of the tax-farmers (traitants), as well as from the revision of the state’s debts, thus remaining very much below expectation, the deficit went on continually increasing. In order to re-establish the finances, the Duke of Noailles demanded fifteen years’ impracticable economy, as chimerical as the increment of the revenues on which he calculated; and the Duke of Orleans finally suffered himself to be led away by the brilliant prospect which was flashed before his eyes by the Scotsman, Law, who had now for more than two years been settled in France.

Law, born at Edinburgh, in 1611, son of a goldsmith, had for a long time been scouring Europe, seeking in a clever and systematic course of gambling a source of fortune for himself, and the first foundation of the great enterprises he was revolving in his singularly inventive and daring mind. Passionately devoted to the financial theories he had conceived, Law had expounded them to all the princes of Europe in succession. “He says that of all the persons to whom he has spoken about his system, he has found but two who apprehended it, to wit, the King of Sicily and my son,” wrote Madame, the Regent’s mother. Victor Amadeo, however, had rejected Law’s proposals. “I am not powerful enough to ruin myself,” he had said. Law had not been more successful with Louis XIV. The Regent had not the same repugnance for novelties of foreign origin; so soon as he was in power, he authorized the Scot to found a circulating and discount bank (banque de circulation et d’escompte), which at once had very great success, and did real service. Encouraged by this first step, Law reiterated to the Regent that the credit of bankers and merchants decupled their capital; if the state became the universal banker, and centralized all the values in circulation, the public fortune would naturally be decupled. A radically false system, fated to plunge the state, and consequently the whole nation, into the risks of speculation and trading, without the guarantee of that activity, zeal, and prompt resolution which able men of business can import into their private enterprises. The system was not as yet applied; the discreet routine of the French financiers was scared at such risky chances, the pride of the great lords sitting in the council was shocked at the idea of seeing the state turning banker, perhaps even trader. St. Simon maintained that what was well enough for a free state, could not take place under an absolute government. Law went on, however; to his bank he had just added a great company. The king ceded to him Louisiana, which was said to be rich in gold and silver mines, superior to those of Mexico and Peru. People vaunted the fertility of the soil, the facility offered for trade by the extensive and rapid stream of the Mississippi; it was by the name of that river that the new company was called at first, though it soon took the title of Compagnie d’ Occident, when it had obtained the privilege of trading in Senegal and in Guinea; it became the Compagnie des Indes, on forming a fusion with the old enterprises which worked the trade of the East. For the generality, and in the current phraseology, it remained the Mississippi; and that is the name it has left in history. New Orleans was beginning to arise at the mouth of that river. Law had bought Belle-Isle-en-Mer and was constructing the port of Lorient.

The Regent’s councillors were scared and disquieted; the chancellor proclaimed himself loudly against the deception or illusion which made of Louisiana a land of promise; he called to mind that Crozat had been ruined in searching for mines of the precious metals there. “The worst of him was his virtue,” said Duclos. The Regent made a last effort to convert him, as well as the Duke of Noailles, to the projects of Law. It was at a small house in the faubourg St. Antoine, called La Roquette, belonging to the last named, that the four interlocutors discussed the new system thoroughly. “With the use of very sensible language Law had the gift of explaining himself so clearly and intelligibly that he left nothing to desire as concerned making himself comprehended. The Duke of Orleans liked him and relished him. He regarded him and all he did as work of his own creation. He liked, moreover, extraordinary and out-of-the-way methods, and he embraced them the more readily in that he saw the resources which had become so necessary for the state and all the ordinary operations of finance vanishing away. This liking of the Regent’s wounded Noailles, as being adopted at his expense. He wanted to be sole master in the matter of finance, and all the eloquence of Law could not succeed in convincing him.” The chancellor stood firm; the Parliament, which ever remained identified in his mind with his country, was in the same way opposed to Law. The latter declared that the obstacles which arrested him at every step through the ill will of the Council and of the magistrates, were ruining all the fruits of his system. The representations addressed by the Parliament to the king, on the 20th of January, touching a re-coinage of all moneys, which had been suggested by Law, dealt the last blow at the chancellor’s already tottering favor. On the morning of the 23d M. de La Villiere went to him on behalf of the Regent and demanded the return of the seals. D’Aguesseau was a little affected and surprised. “Monseigneur,” he wrote to the Duke of Orleans, “you gave me the seals without any merit on my part, you take them away without any demerit.” He had received orders to withdraw to his estate at Fresnes; the Regent found his mere presence irksome. D’Aguesseau set out at once. “He had taken his elevation like a sage,” says St. Simon, “and it was as a sage too that he fell.” “The important point,” wrote the disgraced magistrate to his son, “is to be well with one’s self.”

The Duke of Noailles had resigned his presidency of the council of finance; but, ever adroit, even in disgrace, he had managed to secure himself a place in the council of regency. The seals were intrusted to M. d’Argenson, for some years past chief of police at Paris. “With a forbidding face, which reminded one of the three judges of Hades, he made fun out of everything with excellence of wit, and he had established such order amongst that innumerable multitude of Paris, that there was no single inhabitant of whose conduct and habits he was not cognizant from day to day, with exquisite discernment in bringing a heavy or light hand to bear on every matter that presented itself, ever leaning towards the gentler side, with the art of making the most innocent tremble before him.” [St. Simon, t. xv. p. 387.] Courageous, bold, audacious in facing riots, and thereby master of the people, he was at the same time endowed with prodigious activity. “He was seen commencing his audiences at three in the morning, dictating to four secretaries at once on various subjects, and making his rounds at night whilst working in his carriage at a desk lighted with wax candles. For the rest, without any dread of Parliament, which had often attacked him, he was in his nature royal and fiscal; he cut knots, he was a foe to lengthiness, to useless forms or such as might be skipped, to neutral or wavering conditions.” [Lemontey, Histoire de la Regence, t. i. p. 77.] The Regent considered that he had secured to himself an effective instrument of his views; acceptance of the system had been the condition sine qua non of M. d’Argenson’s elevation.

He, however, like his predecessors, attempted before long to hamper the march of the audacious foreigner; but the die had been cast, and the Duke of Orleans outstripped Law himself in the application of his theories. A company, formed secretly, and protected by the new keeper of the seals, had bought up the general farmings (fermes generales), that is to say, all the indirect taxes, for the sum of forty-eight million fifty-two thousand livres; the Compagnie des Indes re-purchased them for fifty-two millions; the general receipts were likewise conceded to it, and Law’s bank was proclaimed a Royal Bank; the company’s shares already amounted to the supposed value of all the coin circulating in the kingdom, estimated at seven or eight millions. Law thought he might risk everything in the intoxication which had seized all France, capital and province. He created some fifteen hundred millions of new shares, promising his shareholders a dividend of twelve per cent. From all parts silver and gold flowed into his hands; everywhere the paper of the Bank was substituted for coin. The delirium had mastered all minds. The street called Quincampoix, for a long time past devoted to the operations of bankers, had become the usual meeting-place of the greatest lords as well as of discreet burgesses. It had been found necessary to close the two ends of the street with gates, open from six A. M. to nine P. M.; every house harbored business agents by the hundred; the smallest room was let for its weight in gold. The workmen who made the paper for the bank-notes could not keep up with the consumption. The most modest fortunes suddenly became colossal, lacqueys of yesterday were millionaires to-morrow; extravagance followed the progress of this outburst of riches, and the price of provisions followed the progress of extravagance. Enthusiasm was at its height in favor of the able author of so many benefits. Law became a convert to Catholicism, and was made comptroller-general; all the court was at his feet. “My son was looking for a duchess to escort my granddaughter to Genoa,” writes Madame, the Regent’s mother. “‘Send and choose one at Madame Law’s,’ said I; ‘you will find them all sitting in her drawing-room.’” Law’s triumph was complete; the hour of his fall was about to strike.

At the pinnacle of his power and success the new comptroller-general fell into no illusion as to the danger of the position. “He had been forced to raise seven stories on foundations which he had laid for only three,” said a contemporary, as clear-sighted as impartial. Some large shareholders were already beginning to quietly realize their profits. The warrants of the Compagnie des Indes had been assimilated to the bank-notes; and the enormous quantity of paper tended to lower its value. First, there was a prohibition against making payments in silver above ten francs, and in gold above three hundred. Soon afterwards money was dislegalized as a tender, and orders were issued to take every kind to the Bank on pain of confiscation, half to go to the informer. Informing became a horrible trade; a son denounced his father. The Regent openly violated law, and had this miscreant punished. The prince one day saw President Lambert de Vernon coming to visit him. “I am come,” said the latter, “to denounce to your Royal Highness a man who has five hundred thousand livres in gold.” The Duke of Orleans drew back a step. “Ah, Mr. President,” he cried, “what low vocation have you taken to?” “Monseigneur,” rejoined the president, “I am obeying the law; but your Royal Highness may be quite easy; it is myself whom I have come to denounce, in hopes of retaining at least a part of this sum, which I prefer to all the bank-notes.” “My money is at the king’s service,” was the proud remark of Nicolai, premier president of the Exchequer-Chamber, “but it belongs to nobody.” The great mass of the nation was of the same opinion as the two presidents; forty-five millions only found their way to the Bank; gold and silver were concealed everywhere. The crisis was becoming imminent; Law boldly announced that the value of the notes was reduced by a half. The public outcry was so violent that the Regent was obliged to withdraw the edict, as to which the council had not been consulted. “Since Law became comptroller-general, his head has been turned,” said the prince. That same evening Law was arrested by the major of the Swiss; it was believed to be all over with him, but the admirable order in which were his books, kept by double entry after the Italian manner, as yet unknown in France, and the ingenious expedients he indicated for restoring credit, gave his partisans a moment’s fresh confidence. He ceased to be comptroller-general, but he remained director of the Bank. The death-blow, however, had been dealt his system, for a panic terror had succeeded to the insensate enthusiasm of the early days. The Prince of Conti had set the example of getting back the value of his notes; four wagons had been driven up to his house laden with money. It was suffocation at the doors of the Bank, changing small notes, the only ones now payable in specie. Three men were crushed to death on one day in the crowd. It was found necessary to close the entrances to Quincampoix Street, in order to put a stop to the feverish tumult arising from desperate speculation. The multitude moved to the Place Vendome; shops and booths were thrown up; there was a share-fair; this ditty was everywhere sung in the streets:—

To restore confidence, Law conceived the idea of giving the seals back to D’Aguesseau; and the Regent authorized him to set out for Fresnes. In allusion to this step, so honorable for the magistrate who was the object of it, Law afterwards wrote from Venice to the Regent, “In my labors I desired to be useful to a great people, as the chancellor can bear me witness. . . . At his return I offered him my shares, which were then worth more than a hundred millions, to be distributed by him amongst those who had need of them.” The chancellor came back, though his influence could neither stop the evil, nor even assuage the growing disagreement between the Duke of Orleans and the Parliament. None could restore the public sense of security, none could prevent the edifice from crumbling to pieces. With ruin came crimes. Count Horn, belonging to the family of the celebrated Count Horn, who was beheaded under Philip II., in company with Count Lamoral d’Egmont, murdered at an inn a poor jobber whom he had inveigled thither on purpose to steal his pocket-book. In spite of all his powerful family’s entreaties, Count Horn died on the wheel, together with one of his accomplices. It was represented to the Regent that the count’s house had the honor of being connected with his. “Very, well, gentlemen,” said he, “then I will share the shame with you,” and he remained inflexible.

The public wrath and indignation fastened henceforth upon Law, the author and director of a system which had given rise to so many hopes, and had been the cause of so many woes. His carriage was knocked to pieces in the streets. President de Mesmes entered the Grand Chamber, singing with quite a solemn air,—

The whole body jumped up, more regardful of their hatred than of their dignity; and “Is Law torn in pieces?” was the cry. Law had taken refuge at the Palais Royal. One day he appeared at the theatre in the Regent’s box; low murmurs recalled to the Regent’s mind the necessity for prudence; in the end he got Law away secretly in a carriage lent him by the Duke of Bourbon.

Law had brought with him to France a considerable fortune; he had scarcely enough to live upon when he retired to Venice, where he died some years later (1729), convinced to the last of the utility of his system, at the same time that he acknowledged the errors he had committed in its application. “I do not pretend that I did not make mistakes,” he wrote from his retreat; “I know I did, and that if I had to begin again I should do differently. I should go more slowly but more surely, and I should not expose the state and my own person to the dangers which may attend the derangement of a general system.” “There was neither avarice nor rascality in what he did,” says St. Simon; “he was a gentle, kind, respectful man, whom excess of credit and of fortune had not spoilt, and whose bearing, equipage, table, and furniture could not offend anybody. He bore with singular patience and evenness the obstructions that were raised against his operations, until at the last, finding himself short of means, and nevertheless seeking for them and wishing to present a front, he became crusty, gave way to temper, and his replies were frequently ill-considered. He was a man of system, calculation, comparison, well informed and profound in that sort of thing, who was the dupe of his Mississippi, and in good faith believed in forming great and wealthy establishments in America. He reasoned Englishwise, and did not know how opposed to those kinds of establishments are the levity of our nation and the inconveniences of a despotic government, which has a finger in everything, and under which what one minister does is always destroyed or changed by his successor.” The disasters caused by Law’s system have recoiled upon his memory. Forgotten are his honesty, his charity, his interest in useful works; remembered is nothing but the imprudence of his chimerical hopes and the fatal result of his enterprises, as deplorable in their effects upon the moral condition of France, as upon her wealth and her credit.

The Regent’s rash infatuation for a system, as novel as it was seductive, had borne its fruits. The judgment which his mother had pronounced upon Philip of Orleans was justified to the last. “The fairies,” said Madame, “were all invited to the birth of my son; and each endowed him with some happy quality. But one wicked fairy, who had been forgotten, came likewise, leaning upon her stick, and not being able to annul her sisters’ gifts, declared that the prince should never know how to make use of them.”

Throughout the successive periods of intoxication and despair caused by the necessary and logical development of Law’s system, the Duke of Orleans had dealt other blows and directed other affairs of importance. Easy-going, indolent, often absorbed by his pleasures, the Regent found no great difficulty in putting up with the exaltation of the legitimatized princes; it had been for him sufficient to wrest authority from the Duke of Maine, he let him enjoy the privileges of a prince of the blood. “I kept silence during the king’s lifetime,” he would say; “I will not be mean enough to break it now he is dead.” But the Duke of Bourbon, heir of the House of Conde, fierce in temper, violent in his hate, greedy of honors as well as of money, had just arrived at man’s estate, and was wroth at sight of the bastards’ greatness. He drew after him the Count of Charolais his brother, and the Prince of Conti his cousin; on the 22d of April, 1716, all three presented to the king a request for the revocation of Louis XIV.‘s edict declaring his legitimatized sons princes of the blood, and capable of succeeding to the throne. The Duchess of Maine, generally speaking very indifferent about her husband, whom she treated haughtily, like a true daughter of the House of Conde, flew into a violent passion, this time, at her cousins’ unexpected attack; she was for putting her own hand to the work of drawing up the memorial of her husband and of her brother-in-law, the Count of Toulouse. “The greater part of the nights was employed at it,” says Madame de Stael, at that time Mdlle. do Launay, a person of much wit, half lady’s maid, half reader to the duchess. “The huge volumes, heaped up on her bed like mountains overwhelming her, caused her,” she used to say, “to look, making due allowances, like Enceladus, buried under Mount AEtna. I was present at the work, and I also used to turn over the leaves of old chronicles and of ancient and modern jurisconsults, until excess of fatigue disposed the princess to take some repose.”

All this toil ended in the following declaration on the part of the legitimatized princes: “The affair, being one of state, cannot be decided but by a king, who is a major, or indeed by the States-general.” At the same time, and still at the instigation of the Duchess of Maine, thirty-nine noblemen signed a petition, modestly addressed to “Our Lords of the Parliament,” demanding, in their turn, that the affair should be referred to the states-general, who alone were competent, when it was a question of the succession to the throne.

The Regent saw the necessity of firmness. “It is a maxim,” he declared, “that the king is always a major as regards justice; that which was done without the states-general has no need of their intervention to be undone.” The decree of the council of regency, based on the same principles, suppressed the right of succession to the crown, and cut short all pretensions on the part of the legitimatized princes’ issue to the rank of princes of the blood; the rights thereto were maintained in the case of the Duke of Maine and the Count of Toulouse, for their lives, by the bounty of the Regent, “which did not prevent the Duchess of Maine from uttering loud shrieks, like a maniac,” says St. Simon, “or the Duchess of Orleans from weeping night and day, and refusing for two months to see anybody.” Of the thirty-nine members of the nobility who had signed the petition to Parliament, six were detained in prison for a month, after which the Duke of Orleans pardoned them. “You know me, well enough to be aware that I am only nasty when I consider myself positively obliged to be,” he said to them. The patrons, whose cause these noblemen had lightly embraced, were not yet at the end of their humiliations.

The Duke of Bourbon was not satisfied with their exclusion from the succession to the throne; he claimed the king’s education, which belonged of right, he said, to the first prince of the blood, being a major. In his hatred, then, towards the legitimatized, he accepted with alacrity the Duke of St. Simon’s proposal to simply reduce them to their rank by seniority in the peerage, with the proviso of afterwards restoring the privileges of a prince of the blood in favor of the Count of Toulouse alone, as a reward for his services in the navy. The blow thus dealt gratified all the passions of the House of Conde and the wrath of Law, as well as that of the keeper of the seals, D’Argenson, against the Parliament, which for three months past had refused to enregister all edicts. On the 24th of August, 1718, at six in the morning, the Parliament received orders to repair to the Tuileries, where the king was to hold a bed of justice., The Duke of Maine, who was returning from a party, was notified, as colonel of the Swiss, to have his regiment under arms; at eight o’clock the council of regency was already assembled; the Duke of Maine and the Count of Toulouse arrived in peer’s robes. The Regent had flattered himself that they would not come to the bed of justice, and had not summoned them. He at once advanced towards the Count of Toulouse, and said out loud that he was surprised to see him in his robes, and that he had not thought proper to notify him of the bed of justice, because he knew that, since the last edict, he did not like going to the Parliament. The Count of Toulouse replied that that was quite true, but that, when it was a question of the welfare of the State, he put every other consideration aside. The Regent was disconcerted; he hesitated a moment, then, speaking low and very earnestly to the Count of Toulouse, he returned to St. Simon. “I have just told him all,” said he, “I couldn’t help it; he is the best fellow in the world, and the one who touches my heart the most. He was coming to me on behalf of his brother, who had a shrewd notion that there was something in the wind, and that he did not stand quite well with me; he had begged him to ask me whether I wished him to remain, or whether he would not do well to go away. I confess to you that I thought I did well to tell him that his brother would do just as well to go away, since he asked me the question; that, as for himself, he might safely remain, because he was to continue just as he is, without alteration; but that something might take place rather disagreeable to M. du Maine. Whereupon, he asked me how he could remain, when there was to be an attack upon his brother, seeing that they were but one, both in point of honor and as brothers. I do believe, there they are just going out,” added the Regent, casting a glance towards the door, as the members of the council were beginning to take their places: “they will be prudent; the Count of Toulouse promised me so.” “But, if they were to do anything foolish, or were to leave Paris?” “They shall be arrested, I give you my word,” replied the Duke of Orleans, in a firmer tone than usual. They had just read the decree reducing the legitimatized to their degree in the peerage, and M. le Duc had claimed the superintendence of the king’s education, when it was announced that the Parliament, in their scarlet robes, were arriving in the court of the palace. Marshal de Villeroi alone dared to protest. “Here, then,” said he with a sigh, “are all the late king’s dispositions upset; I cannot see it without sorrow. M. du Maine is very unfortunate.” “Sir,” rejoined the Regent, with animation, “M. du Maine is my brother-in-law, but I prefer an open to a hidden enemy.”

With the same air the Duke of Orleans passed to the bed of justice, “with a gentle but resolute majesty, which was quite new to him; eyes observant, but bearing grave and easy; M. le Duc staid, circumspect, surrounded by a sort of radiance that adorned his whole person, and under perceptible restraint; the keeper of the seals, in his chair, motionless, gazing askance with that witful fire which flashed from his eyes and which seemed to pierce all bosoms, in presence of that Parliament which had so often given him orders standing at its bar as chief of police, in presence of that premier president, so superior to him, so haughty, so proud of his Duke of Maine, so mightily in hopes of the seals.” After his speech, and the reading of the king’s decree, the premier president was for attempting a remonstrance; D’Argenson mounted the step, approached the young king, and then, without taking any opinion, said, in a very loud voice, “The king desires to be obeyed, and obeyed at once.” There was nothing further for it but to enregister the edict; all the decrees of the Parliament were quashed.

Some old servants of Louis XIV., friends and confidants of the Duke of Maine, alone appeared moved. The young king was laughing, and the crowd of spectators were amusing themselves with the scene, without any sensible interest in the court intrigues. The Duchess of Maine made her husband pay for his humble behavior at the council; “she was,” says St. Simon, “at one time motionless with grief, at another boiling with rage, and her poor husband wept daily like a calf at the biting reproaches and strange insults which he had incessantly to pocket in her fits of anger against him.”

In the excess of her indignation and wrath, the Duchess of Maine determined not to confine herself to reproaches. She had passed her life in elegant entertainments, in sprightly and frivolous intellectual amusements; ever bent on diverting herself, she made up her mind to taste the pleasure of vengeance, and set on foot a conspiracy, as frivolous as her diversions. The object, however, was nothing less than to overthrow the Duke of Orleans, and to confer the regency on the King of Spain, Philip V., with a council and a lieutenant, who was to be the Duke of Maine. “When one has once acquired, no matter how, the rank of prince of the blood and the capability of succeeding to the throne,” said the duchess, “one must turn the state upside down, and set fire to the four corners of the kingdom, rather than let them be wrested from one.” The schemes for attaining this great result were various and confused. Philip V. had never admitted that his renunciation of the crown of France was seriously binding upon him; he had seen, by the precedent of the war of devolution, how a powerful sovereign may make sport of such acts; his Italian minister, Alberoni, an able and crafty man, who had set the crown of Spain upon the head of Elizabeth Farnese, and had continued to rule her, cautiously egged on his master into hostilities against France. They counted upon the Parliaments, taking example from that of Paris, on the whole of Brittany, in revolt at the prolongation of the tithe-tax, on all the old court, accustomed to the yoke of the bastards and of Madame de Maintenon, on Languedoc, of which the Duke of Maine was the governor; they talked of carrying off the Duke of Orleans, and taking him to the castle of Toledo; Alberoni promised the assistance of a Spanish army. The Duchess of Maine had fired the train, without the knowledge, she said, and probably against the will, too, of her husband, more indolent than she in his perfidy. Some scatter-brains of great houses were mixed up in the affair; MM. de Richelieu, de Laval, and de Pompadour; there was secret coming and going between the castle of Sceaux and the house of the Spanish ambassador, the Prince of Cellamare; M. de Malezieux, the secretary and friend of the duchess, drew up a form of appeal from the French nobility to Philip V., but nobody had signed it, or thought of doing so. They got pamphlets written by Abbe Brigault, whom the duchess had sent to Spain; the mystery was profound, and all the conspirators were convinced of the importance of their manoeuvres; every day, however, the Regent was informed of them by his most influential negotiator with foreign countries, Abbe Dubois, his late tutor, and the most depraved of all those who were about him. Able and vigilant as he was, he was not ignorant of any single detail of the plot, and was only giving the conspirators time to compromise themselves. At last, just as a young abbe, Porto Carrero, was starting for Spain, carrying important papers, he was arrested at Poitiers, and his papers were seized. Next day, December 7, 1718, the Prince of Cellamare’s house was visited, and the streets were lined with troops. Word was brought in all haste to the Duchess of Maine. She had company, and dared not stir. M. de Chatillon came in; joking commenced. “He was a cold creature, who never thought of talking,” says Madame de Stael in her memoirs. “All at once he said, ‘Really there is some very amusing news: they have arrested and put in the Bastille, for this affair of the Spanish ambassador, a certain Abbe Bri . . . . Bri’ he could not remember the name, and those who knew it had no inclination to help him. At last he finished, and added, ‘The most amusing part is, that he has told all, and so, you see, there are some folks in a great fix.’ Thereupon he burst out laughing for the first time in his life. The Duchess of Maine, who had not the least inclination thereto, said, ‘Yes, that is very amusing.’ ‘O! it is enough to make you die of laughing,’ he resumed; ‘fancy those folks who thought their affair was quite a secret; here’s one who tells more than he is asked, and names everybody by name!’” The agony was prolonged for some days; jokes were beginning to be made about it at the Duchess of Maine’s; she kept friends with her to pass the night in her room, waiting for her arrest to come. Madame de Stael was reading Machiavelli’s conspiracies. “Make haste and take away that piece of evidence against us,” said Madame du Maine, laughingly, “it would be one of the strongest.”

The arrest came, however; it was six A.M., and everybody was asleep, when the king’s men entered the Duke of Maine’s house. The Regent had for a long time delayed to act, as if he wanted to leave everybody time to get away; but the conspirators were too scatter-brained to take the trouble. The duchess was removed to Dijon, within the government, and into the very house of the Duke of Bourbon, her nephew, which was a very bitter pill for her. The Duke of Maine, who protested his innocence and his ignorance, was detained in the Castle of Dourlans in Picardy. Cellamare received his passports and quitted France. The less illustrious conspirators were all put in the Bastille; the majority did not remain there long, and purchased their liberty by confessions, which the Duchess of Maine ended by confirming. “Do not leave Paris until you are driven thereto by force,” Alberoni had written to the Prince of Cellamare, “and do not start before you have fired all the mines.” Cellamare started, and the mines did not burst after his withdrawal; conspiracy and conspirators were covered with ridicule; the natural clemency of the Regent had been useful; the part of the Duke and Duchess of Maine was played out.

The only serious result of Cellamare’s conspiracy was to render imminent a rupture with Spain. From the first days of the regency the old enmity of Philip V. towards the Duke of Orleans and the secret pretensions of both of them to the crown of France, in case of little Louis XV.‘s death, rendered the relations between the two courts thorny and strained at bottom, though still perfectly smooth in appearance. It was from England that Abbe Dubois urged the Regent to seek support. Dubois, born in the very lowest position, and endowed with a soul worthy of his origin, was “a little, lean man, wire-drawn, with a light colored wig, the look of a weasel, a clever expression,” says St. Simon, who detested him; “all vices struggled within him for the mastery; they kept up a constant hubbub and strife together. Avarice, debauchery, ambition, were his gods; perfidy, flattery, slavishness, his instruments; and complete unbelief his comfort. He excelled in low intrigues; the boldest lie was second nature to him, with an air of simplicity, straightforwardness, sincerity, and often bashfulness.” In spite of all these vices, and the depraving influence he had exercised over the Duke of Orleans from his earliest youth, Dubois was able, often far-sighted, and sometimes bold; he had a correct and tolerably practical mind. Madame, who was afraid of him, had said to her son on the day of his elevation to power, “I desire only the welfare of the state and your own glory; I have but one request to make for your honor’s sake, and I demand your word for it, that is, never to employ that scoundrel of an Abbe Dubois, the greatest rascal in the world, and one who would sacrifice the state and you to the slightest interest.” The Regent promised; yet a few months later and Dubois was Church-councillor of State, and his growing influence with the prince placed him, at first secretly, and before long openly, at the head of foreign affairs.