Iberville accompanied by a considerable accession of force, comprising hardy settlers, and scientific men, soon returned to the colony. Finding things in a promising condition, he proceeded up the river as far as Natchez, and planted a settlement there. Leaving Bienville and St. Denys in command, he again took leave, and sailed for France. He was indefatigable in his exertions to establish and render permanent his little colony. It was the first attempt in this section; and Iberville may be well regarded as the father of Louisiana. But he did not survive to enjoy its growth and prosperity. He died in one of the West India Islands, a victim to the yellow fever, in 1708. About this time, one Sauville was elected Governor. He survived the appointment, however, but a short time. Bienville then succeeded him, and retained the office till 1710, when he was superseded by De Muys and Diron d'Artaquette.

Finding that they derived no immediate advantage from this new accession of territory, the French Government, in 1712, granted to Antonio Crozat, a rich merchant of Paris, the monopoly of the trade of Louisiana, which he surrendered back in 1717. What a fortune a man might make now, out of a five years monopoly of the trade of that luxuriant region!

In 1717, a new charter was issued, under the style of "The Western Company," with the exclusive privilege of the trade of Louisiana for twenty-five years. Bienville was again chosen Governor, and in the following year, 1718, he laid the foundation of New Orleans. Hitherto the pursuits of agriculture had been entirely neglected. Whether this neglect was attributable to the hostility of the Indians, compelling them to concentrate their little force in one spot, or to the flattering promises of trade, or to the illusive hope of discovering mines of gold, which occupied all their time, or to all these causes combined, we cannot now determine. We only know, that, up to this period, they had depended almost entirely upon supplies sent from France, for the common necessaries of life. But now, the cultivation of the soil began to be an object of considerable attention, tobacco and rice being the principal articles from which a profit was expected.

The chief personage in this "Western Company," was the notorious John Law, a Scotch financier, one of those universal speculators, who experiment upon every thing, human and divine, who revel only in change, and to whom mere innovation becomes the professional business of a life. As is usual in such cases, he managed so as to draw down ruin upon himself and his duped associates in France, while at the same time, he had the singular tact to place the colony in a condition for the time. The result of his schemes, however, was ultimately disastrous. The finances of the colony were thrown into inextricable confusion. The French Ministry, instead of applying an efficient remedy, or leaving the evil to cure itself, only tampered with it, by changing the values of the coins, and thus deranging all the money transactions of the colony. The effect was ruinous to some, and embarrassing to all. And when was it otherwise? Never. History and experience utter but one voice on the subject of governmental experiments, and arbitrary legislative innovations, upon ordinary fiscal operations, and the course of trade. And that voice is—"hands off."

In the mean time war was declared between France and Spain. The colonists, sympathizing with the mother country, commenced offensive operations against their neighbors in Florida, and took possession of Pensacola; which, however, the Spaniards soon recovered. The trade of war was never very profitable, even to conquerors. No sooner were the different colonies of pale faces at loggerheads among themselves, than their natural enemies, the Indians, began to take advantage of their divisions, and to endeavor to exterminate them both. A horrible massacre took place at Natchez, in 1729. This was but part of a plan which had been formed among the Mississippi tribes, for a general butchery throughout the colony. The Natchez tribe, mistaking the day appointed for the sacrifice, commenced their work of blood too soon, and thus gave timely warning of the plot to all the other settlements. The war which followed was a destructive one, but the Indians were ultimately defeated.

Bienville, having returned to France in 1727, was succeeded by Perrier. Under his administration, the agricultural enterprise of the colony was considerably advanced. The cultivation of indigo was commenced in 1728. The fig tree and the orange were introduced at the same time.

In 1732, ten years before the legal expiration of their monopoly, the "Western Company" returned their charter to the King. The colony was then scarcely more than thirty years old, yet, notwithstanding their many and severe trials, by war and by disease, the population numbered five thousand whites, and two thousand blacks. Bienville was, the third time, appointed Governor, having the entire confidence both of the government and of the people. He continued to exercise this office till 1741, when he again resigned, carrying with him into private life the regrets and affectionate regards of the inhabitants. He was succeeded by the Marquis de Vaudreuil.

In the winter of 1747-8, the orange plantations were visited by a severe frost, such as had never been known before, which not only cut off the crop for the season, but almost destroyed the prospects of that branch of business in the colony.

The cultivation of the sugar cane, now so extensive and lucrative a branch of business, did not begin to attract the attention of agriculturalists till 1751. It was then introduced by the Jesuits of St. Domingo, who sent some of the plants, as a present to their brethren in Louisiana, accompanied by negroes, well acquainted with its cultivation, and with the process then in use for manufacturing it into sugar. The lower part of the Fauxbourg of St. Mary was devoted to this experiment. That it was a happy experiment for the colony, and the country, the waving fields and princely estates on every side, and the annually increasing supply of this great staple, bear ample witness.

A large accession was made to the population of the colony in 1754, by the arrival of emigrants from Acadia, (Nova Scotia) which they were compelled to leave, owing to the oppressive measures of the British Government, by which that province had just been conquered. A few years afterwards, great numbers of Canadians, fleeing from the same oppressions, found refuge in the sunny valleys of the south, and brought a very considerable acquisition of strength and wealth to the colony.