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2020-05-19 13:55:35
Law, John. - [MARMONT DU HAUTCHAMP, Barthelemy 1739 (1682-c.1760)]
Histoire du systeme des finances, sous la minorite de Louis XV. Pendant les annees 1719 & 1720. Precedee d'un abrege de la vie du duc Regent, & du Sr. Law.
La Haye, Pierre de Hondt 1739. . 6 volumes in 3. 12mo. LIV,55-204,[II],312; [II],208,[II],286; [XIV],294,[XVIII],246p. With an engraved plate, 2 folding tables printed on both sides and a seal of the Banque Royale'. Contemp. calf, gilt backs with double labels, marbled sides and endpapers. Fine set. First (only) edition. An account of the financial operations of John Law and his Compagnie des Indes', including a great number of relative memoirs, letters patent, decrees, declarations, etc. Marmont du Hautchamp had been an admirer of John Law's system and his book is not written without partiality but has yet been recognized as the best contemporary history of the system and its most precious source. John Law's operations began with the foundation in 1716 of the Banque Generale', soon afterwards renamed Banque Royale'. This was followed by the scheme of colonization known as Mississippi scheme' in the Compagnie des Indes' which, by absorbing various other chartered companies, acquired the monopoly on the trade to America, Africa and China. Moreover, the company obtained the monopoly of tobacco, the control of the mint, the payment of the national debt, and the farm of the taxes. Within a few years Law's companies thus got almost complete control over France's overseas trade, its currency and public finances. In 1719 the Compagnie des Indes' and the Banque Royale' were united, and the promising outlooks of the new company lead to an unprecedented speculation in its shares. As known the bubble burst in 1720, cash payments were suspended and Law fled from the country, leaving be … [Click Below for Full Description]
Bookseller: Antiquariaat Matthys de Jongh [Zutphen, Netherlands]
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