January 1, 1719. The bank taken from Law, and vested in the King. At this time the number of bank notes coined amounted to 59 millions of livres.
April 22, 1719. A new coinage of 51 millions of notes; in which the tenure of the note was changed, and the paper declared monnoie fixe.
May 1719. Mr. Law’s company of the West incorporated with the company of the East Indies; after which it was called the Company of the Indies.
June 1719. Created 50,000 new actions of the incorporated company; sold for coin at 550 livres per action.
June 10, 1719. Coined of bank notes for 50 millions of livres.
June 1719. The mint made over to the company for 50 millions.
July 1719. Created 50,000 actions as above, sold, for notes, at 1000 livres per action.
July 25, 1719. Coined of bank notes for 240 millions.
August 1719. The company obtains the general farms: promises a dividend upon every action of 200 livres: agree to lend the King sixteen hundred millions at 3 per cent. and have transferred to them 48 millions per annum for the interest of that sum.
September 12, 1719. Coined of bank notes for 120 millions.