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2020-11-14 10:22:25
LAW, John.
Autograph letter signed to an unnamed "Monsieur", giving orders for the provision of payment in his role as controller-general of finance of France.
Paris: 3 March,, 1720. Single folio sheet (304 x 199 mm), 2 pp.Docketed in the top left hand corner "M. Law. [?] de la monnoye". Creased from folding as usual, else in fine condition. A fine example of the famous speculator John Law's signature, appended to an autograph letter written in a neat cursive secretarial hand, to an unknown "Monsieur", giving orders for the provision of payment, written during perhaps the most prosperous period of Law's career, following Law's appointment to the post of controller-general of finance of France and a month before his promotion to the prestigious title of superintendent. "Â…Il est necessaire queÂ… vous ordonniez au directeur de la monoye de Tours, de donner en payement des billets de banque qui luy seront presentesÂ… les Ecus qu'il a dans sa caisseÂ… il y a lieu d'esperer que ces especes jointes aux pieces de vingt sols, procureront aux entrepreneurs des manufactures et aux fabricants, toutes les facilites qu'ils peuvent raisonnablement desirer pour le payement de leurs ouvriersÂ…". "In the course of April and May 1720 he was effectively chief minister and minister of finance, a sort of latter-day Cardinal Mazarin and Nicolas Fouquet combined; but on 27 May, the first crisis of his 'financial system', he was temporarily dismissed from office and threatened with imprisonment in the Bastille in Paris. Yet the eclipse was only brief: he returned to office on 2 June with the additional responsibilities of the superintendence of French commerce, the director-generalship of the Banque Royale, and a councillorship of state with a seat in t … [Click Below for Full Description]
Bookseller: Peter Harrington [United Kingdom]
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