Extraordinary Popular Delusions and the Madness of Crowds (Complete Edition: Volume 1-3). Charles Mackay
were paid in copper. Very few complained that this was too heavy, although poor fellows might be continually seen toiling and sweating along the streets, laden with more than they could comfortably carry, in the shape of change for fifty livres. The crowds around the bank were so great, that hardly a day passed that some one was not pressed to death. On the 9th of July, the multitude was so dense and clamorous that the guards stationed at the entrance of the Mazarin Gardens closed the gate, and refused to admit any more. The crowd became incensed, and flung stones through the railings upon the soldiers. The latter, incensed in their turn, threatened to fire upon the people. At that instant one of them was hit by a stone, and, taking up his piece, he fired into the crowd. One man fell dead immediately, and another was severely wounded. It was every instant expected that a general attack would have been commenced upon the bank; but the gates of the Mazarin Gardens being opened to the crowd, who saw a whole troop of soldiers, with their bayonets fixed, ready to receive them, they contented themselves by giving vent to their indignation in groans and hisses.
Eight days afterwards the concourse of people was so tremendous, that fifteen persons were squeezed to death at the doors of the bank. The people were so indignant that they took three of the bodies on stretchers before them, and proceeded, to the number of seven or eight thousand, to the gardens of the Palais Royal, that they might show the Regent the misfortunes that he and Law had brought upon the country. Law's coachman, who was sitting on the box of his master's carriage, in the court-yard of the palace, happened to have more zeal than discretion, and, not liking that the mob should abuse his master, he said, loud enough to be overheard by several persons, that they were all blackguards, and deserved to be hanged. The mob immediately set upon him, and, thinking that Law was in the carriage, broke it to pieces. The imprudent coachman narrowly escaped with his life. No further mischief was done; a body of troops making their appearance, the crowd quietly dispersed, after an assurance had been given by the Regent that the three bodies they had brought to show him should be decently buried at his own expense. The Parliament was sitting at the time of this uproar, and the President took upon himself to go out and see what was the matter. On his return he informed the councillors, that Law's carriage had been broken by the mob. All the members rose simultaneously, and expressed their joy by a loud shout, while one man, more zealous in his hatred than the rest, exclaimed, "And Law himself, is he torn to pieces?" (The Duchess of Orleans gives a different version of this story; but whichever be the true one, the manifestation of such feeling in a legislative assembly was not very creditable. She says, that the President was so transported with joy, that he was seized with a rhyming fit, and, returning into the hall, exclaimed to the members:—
"Messieurs! Messieurs! bonne nouvelle!
Le carfosse de Lass est reduit en canelle!")
Much undoubtedly depended on the credit of the Company of the Indies, which was answerable for so great a sum to the nation. It was, therefore, suggested in the council of the ministry, that any privileges which could be granted to enable it to fulfil its engagements, would be productive of the best results. With this end in view, it was proposed that the exclusive privilege of all maritime commerce should be secured to it, and an edict to that effect was published. But it was unfortunately forgotten that by such a measure all the merchants of the country would be ruined. The idea of such an immense privilege was generally scouted by the nation, and petition on petition was presented to the Parliament, that they would refuse to register the decree. They refused accordingly, and the Regent, remarking that they did nothing but fan the flame of sedition, exiled them to Blois. At the intercession of D'Aguesseau, the place of banishment was changed to Pontoise, and thither accordingly the councillors repaired, determined to set the Regent at defiance. They made every arrangement for rendering their temporary exile as agreeable as possible. The President gave the most elegant suppers, to which he invited all the gayest and wittiest company of Paris. Every night there was a concert and ball for the ladies. The usually grave and solemn judges and councillors joined in cards and other diversions, leading for several weeks a life of the most extravagant pleasure, for no other purpose than to show the Regent of how little consequence they deemed their banishment, and that when they willed it, they could make Pontoise a pleasanter residence than Paris.
Of all the nations in the world the French are the most renowned for singing over their grievances. Of that country it has been remarked with some truth, that its whole history may be traced in its songs. When Law, by the utter failure of his best-laid plans, rendered himself obnoxious, satire of course seized hold upon him, and, while caricatures of his person appeared in all the shops, the streets resounded with songs, in which neither he nor the Regent was spared. Many of these songs were far from decent; and one of them in particular counselled the application of all his notes to the most ignoble use to which paper can be applied. But the following, preserved in the letters of the Duchess of Orleans, was the best and the most popular, and was to be heard for months in all the carrefours of Paris. The application of the chorus is happy enough:—
Aussitot que Lass arriva
Dans notre bonne ville,
Monsieur le Regent publia
Que Lass serait utile
Pour retablir la nation.
La faridondaine! la faridondon.
Mais il nous a tous enrich!,
Biribi!
A la facon de Barbari,
Mort ami!
Ce parpaillot, pour attirer
Tout l'argent de la France,
Songea d'abord a s'assurer
De notre confiance.
Il fit son abjuration.
La faridondaine! la faridondon!
Mais le fourbe s'est converti,
Biribi!
A la facon de Barbari,
Mon ami!
Lass, le fils aine de Satan
Nous met tous a l'aumone,
Il nous a pris tout notre argent
Et n'en rend a personne.
Mais le Regent, humain et bon,
La faridondaine! la faridondon!
Nous rendra ce qu'on nous a pris,
Biribi!
A la facon de Barbari,
Mon ami!
The following smart epigram is of the same date:—
Lundi, j'achetai des actions;
Mardi, je gagnai des millions;
Mercredi, j'arrangeai mon menage,
Jeudi, je pris un equipage,
Vendredi, je m'en fus au bal,
Et Samedi, a l'Hopital.
Among the caricatures that were abundantly published, and that showed as plainly as graver matters, that the nation had awakened to a sense of its folly, was one, a fac-simile of which is preserved in the "Memoires de la Regence." It was thus described by its author: "The 'Goddess of Shares," in her triumphal car, driven by the Goddess of Folly. Those who are drawing the car are impersonations of the Mississippi, with his wooden leg, the South Sea, the Bank of England, the Company of the West of Senegal, and of various assurances. Lest the car should not roll fast enough, the agents of these companies, known by their long fox-tails and their cunning looks, turn round the spokes of the wheels, upon which are marked the names of the several stocks, and their value, sometimes high and sometimes low, according to the turns of the wheel. Upon the ground are the merchandise, day-books and ledgers of legitimate commerce, crushed under the chariot of Folly. Behind is an immense crowd of persons, of all ages, sexes, and conditions, clamoring after Fortune, and fighting with each other to get a portion of the shares which she distributes so bountifully among them. In the clouds sits a demon, blowing bubbles of soap, which are also the objects of the admiration and cupidity of the crowd, who jump upon one another's backs to reach them ere they burst. Right in the pathway of the car, and blocking up the passage, stands a large building, with three doors, through one of which it