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Updated: June 12, 2025
"I sometimes wish myself on an island in mid ocean. You remember C ?" "Very well." "He quit business a year ago, and bought a farm. I saw him the other day. 'Payson, said he, with an air of satisfaction, 'I haven't seen a bank notice this twelvemonth. He's a happy man! This note paying is the curse of my life. I'm forever on the street financiering Financiering. How I hate the word!
As this Revolution was made by fools and idiots for the benefit of those who acquired national lands, and resulted in nothing but making the fortune of crafty peasants and financiering bourgeois, the Revolution only made stronger, under the pretence of making all men equal, the empire of wealth. It has betrayed France into the hands of the men of wealth. They are masters and lords.
"Your past efforts at financiering were admirable, and I only hope your next attempt may be as successful." Two days more passed, during which time neither Brainard nor his wife said any thing to each other about money, although the thoughts of both were busy for most of the time on that interesting subject.
John Law, of course, was regarded as a national benefactor. His financiering had saved a nation; and who had ever before heard of a nation being saved by stock-jobbing? All sorts of homage and honors were showered upon so great a man. His house was thronged with dukes and peers; he became controller-general of the finances, and virtually prime-minister.
Other men in like condition were compounding with their creditors, and thus getting out of their difficulties by partial repudiation. Mr. Crittenden declined to avail himself of the opportunity, and, in course of time, his creditors were paid in full, though that result was brought about by years of toil, of steady, persistent application to business, of shrewd financiering, and of rigid economy.
Such a thing as proper attention to business was almost out of the question, for nearly his whole time was taken up in financiering and some of his financial schemes were on a pretty grand scale.
"Which I never expect to recover, because you know I always get silly about Christmas and 'forgive thee thy debts." "You're awful good " he began. "But I'll be better if I bring you gloves and silk stockings." "I'll give you the money!" he said, heroically. "Will you borrow it of me or of mamma?" I asked, with a chuckle at the family financiering which always goes on in this manner.
This matter went on with fair success as a money enterprise, until the birth of the "Bubble," which was as follows: In the end of January, 1720, probably in consequence of catching infection from "Law's Mississippi Scheme" in France, the South Sea Company and the Bank of England made competing propositions to the English Government, to repeat the original South Sea Company financiering plan on a larger scale.
No one can doubt that their opportunities for trouble-making are many and enticing, but to think of these influences as anything more than the incidental and secondary causes of war seems to be a curious way of understanding history . The inside history of the great financiering projects would no doubt give us some of the main clews to the present diplomatic relations of nations to one another.
Instead of using to the best possible advantage the money already obtained in his financiering operations, he strove eagerly after more.
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