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I cherish for him sincere gratitude, and shall never forget the friendly care which I received upon my arrival in Bombay from the Marquis de Morés, the Vicomte de Breteul, M. Monod, of the Comptoir d'Escompte, M. Moët, acting consul, and all the members of the very sympathetic French colony there.
Morris looked on in dismay at the various futile plans suggested as remedies at the proposal to make the bankrupt Caisse d'Escompte a national bank, at the foolish Caisse Patriotique, and at the issue of assignats. "If they only had a financier of the calibre of Hamilton," said Mr. Morris to Calvert; "but they haven't a man to compare with that young genius. Necker is only a sublimated bank-clerk.
"Diis immortalibus sero," said an old Roman, when he held one handle of the plough, whilst Death held the other. Though you were to join in the commission all the directors of the two Academies to the directors of the Caisse d'Escompte, an old experienced peasant is worth them all.
From a struggling firm they had within a year grown into one whose wealth seemed inexhaustible, and whose balances at the Credit Lyonnais, the Societe Generale, and the Comptoir d'Escompte were possibly the largest of any of the customers of those great corporations. The financial world of Europe had wondered.
"Diis immortalibus sero," said an old Roman, when he held one handle of the plough, whilst Death held the other. Though you were to join in the commission all the directors of the two academies to the directors of the Caisse d'Escompte, an old experienced peasant is worth them all.
M. le Marquis, prevented by the riot from expressing in person to Mlle. Binet his purpose of making an end of their relations, had been constrained to write to her to that effect from Azyr a few days later. He tempered the blow by enclosing in discharge of all liabilities a bill on the Caisse d'Escompte for a hundred louis.
For many years no attempt at note issue or deposit banking was possible in France. So late as the foundation of the Caisse d'Escompte, in Turgot's time, the remembrance of Law's failure was distinctly felt, and impeded the commencement of better attempts.
It is as little worth remarking any farther upon all their drawing and re-drawing, on their circulation for putting off the evil day, on the play between the Treasury and the Caisse d'Escompte, and on all these old, exploded contrivances of mercantile fraud, now exalted into policy of state. The revenue will not be trifled with.
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