History of the Eighteenth Century And of the Nineteenth Till the Overthrow of Th

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History of the Eighteenth Century And of the Nineteenth Till the Overthrow of Th
Friedrich Christoph Schlosser
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The advantages of the establishment were soon obvious ; the course of exchange altered in favour of France, and good bills were discounted at five per cent. ; usurers diminished, and mer- * In the letter to cardinal Treniouille already referred to he observes, — Every officer shall be brought before one of the " conseils particuliers ; avant que d'etre portee au conseil de regence que je pourrois former ainsi que je le jugerai a propos. " 224 FIRST PERIOD. — FIRST DIVISION. [CH. III.
chants and
... manufacturers were again able to procure money to carry on their trade. In consequence of this, LaAv, the director of the bank, soon obtained the highest reputation not only in France but in the whole of Europe. He was regarded as pos- sessing the highest degree of mercantile skill, and an insight into the nature of social intercourse and the industry of modern times which was then remarkably rare. As long as the duke of Noailles was at the head of the exchequer, he used all his endeavours to oppose and counteract the deep-laid plans of the scheming Scotchman, who was speculating at the cost of the French, for he himself had nothing to lose j and the parliament also, which was firmly attached to the old paths, was disinclined to every new science, and had already fallen into a dispute with the court on account of these arrangements.

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