Soon after, he bought, for one million livres, the Hotel Mazarin for his bank, which until then had been established in a house he hired of the Chief-President, who had not need of it, being very magnificently lodged in the Palace of the Parliament by virtue of his office. Law bought, at the same time, for 550,000 livres, the house of the Comte de Tesse.
Yet it was not all sunshine with this famous foreigner, for the sky above him was heavy with threatening clouds. In the midst of the flourishing success of his Mississippi, it was discovered that there was a plot to kill him. Thereupon sixteen soldiers of the regiment of the Guards were given to him as a protection to his house, and eight to his brother, who had come to Paris some little time before.
Law had other enemies besides those who were hidden. He could not get on well with Argenson, who, as comptroller of the finances, was continually thrown into connection with him. The disorder of the finances increased in consequence every day, as well as the quarrels between Law and Argenson, who each laid the blame upon the other. The Scotchman was the best supported, for his manners were pleasing, and his willingness to oblige infinite. He had, as it were, a finance tap in his hand, and he turned it on for every one who helped him. M. le Duc, Madame la Duchesse, Tesse, Madame de Verue, had drawn many millions through this tap, and drew still. The Abbe Dubois turned it on as he pleased. These were grand supports, besides that of M. le Duc d’Orleans, who could not part with his favourite.
Argenson, on the contrary, was not much liked. He had been at the head of the police so long that he could not shake off the habits he had acquired in that position: He had been accustomed to give audiences upon all sorts of police matters at dead of night, or at the small hours of the morning, and he appeared to see no reason why he should not do the same now that he was Keeper of the Seals. He irritated people beyond all bearing, by making appointments with them at these unreasonable hours, and threw into despair all who worked under him, or who had business with him. The difficulty of the finances, and his struggles with Law, had thrown him into ill-humour, which extended through all his refusals. Things, in fact, had come to such a pass, that it was evident one or the other must give up an administration which their rivalry threw into confusion.
Argenson saw the storm coming, and feeling the insecurity of his position, wished to save himself. He had too much sense and too much knowledge of the world not to feel that if he obstinately clung to the finances he should not only lose them but the seals also. He yielded therefore to Law, who was at last declared comptroller-general of the finances, and who, elevated to this (for him) surprising point, continued to visit me as usual every Tuesday morning, always trying to persuade me into belief of his past miracles, and of those to come.
Argenson remained Keeper of the Seals, and skilfully turned to account the sacrifice he had made by obtaining through it the permission to surrender his appointment of Chancellor of the Order of Saint-Louis to his eldest son, and the title, effectively, to his younger son. His place of Conseiller d’Etat, that he had retained,—he also gave to his eldest son, and made the other lieutenant of police. The murmur was great upon seeing a foreigner comptroller-general, and all abandoned to a finance system which already had begun to be mistrusted. But Frenchmen grow accustomed to everything, and the majority were consoled by being no longer exposed to the sharp humour of Argenson, or his strange hours of business.
But Law’s annoyances were not over when this change had been made. M. le Prince de Conti began to be troublesome. He was more grasping than any of his relatives, and that is not saying a little. He accosted Law now, pistol in hand, so to speak, and with a perfect “money or your life” manner. He had already amassed mountains of gold by the easy humour of M. le Duc d’Orleans; he had drawn, too, a good deal from Law, in private. Not content with this, he wished to draw more. M. le Duc d’Orleans grew tired, and was not over-pleased with him. The Parliament just then was at its tricks again; its plots began to peep out, and the Prince de Conti joined in its intrigues in order to try and play a part indecent, considering his birth; little fitting his age; shameful, after the monstrous favours unceasingly heaped upon him.
Repelled by the Regent, he turned, as I have said, towards Law, hoping for more success. His expectations were deceived; prayers, cringing meanness (for he stopped at nothing to get money) being of no effect, he tried main strength, and spared Law neither abuse nor menaces. In fact, not knowing what else to do to injure his bank, he sent three waggons there, and drove them away full of money, which he made Law give him for paper he held. Law did not dare to refuse, and thus show the poverty of his metallic funds, but fearing to accustom so insatiable a prince to such tyranny as this, he went, directly the waggons left, to M. le Duc d’Orleans, and complained of what had occurred. The Regent was much annoyed; he saw the dangerous results, and the pernicious example of so violent a proceeding, directed against an unsupported foreigner, whom rather lightly he had just made comptroller-general. He flew into a violent rage, sent for the Prince de Conti, and, contrary to his nature, reprimanded him so severely, that he was silenced and cried for mercy. But annoyed at having failed, and still more at the sharp scolding he had received, the Prince de Conti consoled himself, like a woman, by spreading all sorts of reports against Law, which caused him but little fear, and did him still less harm, but which did slight honour to M. le Prince de Conti, because the cause of these reports, and also the large sums he had drawn from the financier, were not unknown to the public; blame upon him was general, and all the more heavy, because Law had fallen out of public favour, which a mere trifle had changed into spite and indignation.
This is the trifle. The Marechal de Villeroy, incapable of inspiring the King with any solid ideas, adoring even to worship the deceased King, full of wind, and lightness, and frivolity, and of sweet recollections of his early years, his grace at fetes and ballets, his splendid gallantries, wished that the King, in imitation of the deceased monarch, should dance in a ballet. It was a little too early to think of this. This pleasure seemed a trifle too much of pain to so young a King; his timidity should have been vanquished by degrees, in order to accustom him to society which he feared, before engaging him to show himself off in public, and dance upon a stage.
The deceased King,—educated in a brilliant Court, where rule and grandeur were kept up with much distinction, and where continual intercourse with ladies, the Queen-mother, and others of the Court, had early fashioned and emboldened him, had relished and excelled in these sorts of fetes and amusements, amid a crowd of young people of both sexes, who all rightfully bore the names of nobility, and amongst whom scarcely any of humble birth were mixed, for we cannot call thus some three or four of coarser stuff, who were admitted simply for the purpose of adding strength and beauty to the ballet, by the grace of their faces and the elegance of their movements, with a few dancing-masters to regulate and give the tone to the whole. Between this time and that I am now speaking of was an abyss. The education of those days instructed every one in grace, address, exercise, respect for bearing, graduated and delicate politeness, polished and decent gallantry. The difference, then, between the two periods is seen at a glance, without time lost in pointing it out.