CORONETED GAMBLERS.
So ceaseless was the murmur of these speculators, and so loud, that the Chancellor of Paris, whose court was in the neighbourhood of the bank, could not hear the advocates as they pled. About five hundred pavilions were in consequence erected at some distance, for conducting the business. The ingulfing tide rolled on. Peers and peeresses continued among the suitors for Mississippi stock, and sometimes stood for six hours in succession, waiting for an interview with an agent. CORONETED
GAMBLERS. In truth, all classes were seized with a mania similar to that which reigns paramount in the mind of a gambler, and which often goads him on to ruin. Amid the excitement, society became more and more distempered. The ignoble, who had become suddenly rich, purchased alliances with the titled. Robberies and murders took place, and a Count D’Horn was tried and condemned to be broken on the wheel for one of these deeds of blood. Such was the influx of strangers into Paris, that houses could not be found for their accommodation. Tents and stables were transmuted into dwelling-houses, and an artificial prosperity was produced, which quadrupled the cost of some articles. In a word, it appeared that Louis XIV. had been succeeded by Midas, a prince who turned all that he touched into gold.
THE REACTION.
But this bubble also burst. The scheme was too baseless, and the prosperity too artificial to last; and again it was seen in one of the greatest nations of the earth, that “he who makes haste to be rich shall not be innocent,” as he certainly is not safe. To all the golden visions of France there succeeded a period of confusion, of bankruptcies, of beggary and ruin, deep and piteous in proportion as the excitement had been high. THE
REACTION. Those who were trembling on the verge of ruin, or actually precipitated into it, surrounded the palace of the Regent, and holding up the worthless bills of Law, which were now all the property they possessed, exclaimed against the injustice with the vehemence of beggared men. The projector of the scheme was exiled to Pontoise. A few realized wealth by the speculation, but it is computed that millions were utterly beggared: many “laid violent hands upon themselves, and sought a doubtful refuge in the grave.”
And thus, by another providence, did the only wise God protest against the burning passion for gold which had eaten into the souls of multitudes. Men
“Abrogate as roundly as they may,
The total ordinance and will of God,”
but in spite of their attempts, he accomplishes all his purposes, and all his pleasure stands. He who loves silver shall not be satisfied with it. He who says to the fine gold, “Be thou my confidence,” sooner or later finds that he has pierced himself through with many sorrows. Wherever the will of God is violated by nations or by individuals, a day of retribution comes, as surely as rivers which have burst their banks carry devastation wherever they rush.
It is well known that the channel of the Po, as it approaches its embochure, is considerably elevated above the surrounding country. The earth which it washes down from the Alps is gradually deposited where the river runs more slowly. The banks, in consequence, require to be periodically elevated; and were that neglected, the river would soon sweep them all away, and render some of the most fertile portions of Italy a wide and noxious marsh, a focus of malaria and fever. Now, it is the same wherever man’s cupidity has thrown up artificial mounds in Commerce. They are always attended with danger, and sooner or later they are swept away. It is the sure decree of God: “He that loves silver shall not be satisfied with silver, nor he that loves abundance with increase.”
THE SOUTH SEA BUBBLE.