MARMONT DU HAUTCHAMP, Barthélémy (b. 1682?)] . Histoire du systeme des finances sous la minorité de Louis XV. Pendant les années 1719 & 1720 . Précedée d’un abregé de la vie du Duc Regent et du Sr. Law . The Hague: Pierre de Hondt, 1739
MARMONT DU HAUTCHAMP, Barthélémy (b. 1682?)] . Histoire du systeme des finances sous la minorité de Louis XV. Pendant les années 1719 & 1720 . Précedée d’un abregé de la vie du Duc Regent et du Sr. Law . The Hague: Pierre de Hondt, 1739 6 volumes in 3, 12° (161 x 92mm). Half-title in vol. I, titles printed in red and black, one engraved plate, 2 folding letterpress tables. (C5 of vol. VI with clean tear into text.) Contemporary mottled calf, gilt spines with contrasting red and green morocco labels, red edges. ONLY EDITION OF THE FIRST AND BEST CONTEMPORARY ACCOUNT OF THE RISE AND FALL OF JOHN LAW . A complete copy with the two folding charts and the famous satirical engraved plate featuring a street vendor. A speculator in the Mississippi System, Barthelemy Marmont du Hautchamp (1682-1760?) 'had a vast knowledge of the system' according to A. Murphy; his essay is therefore highly valued for its first-hand information. The first four parts recount the history of the Law System, whilst the last two reproduce 121 pieces published from 1715 to 1721. In 1716, John Law (1671-1729), a banker of Scottish origin described by Murphy as 'an outstanding monetary theorist with a vision of the monetary system more akin to the modern economist', founded the very successful Banque Géné rale, soon after renamed Banque Royale. The funds were invested in the Compagnie d'Occident primarily devoted to the trade to the French colonies of Louisiana and Canada. Numerous international investors became involved, prompting financial speculation on an unprecedented scale; when the bubble burst in 1720, the investors were ruined and Law fled the country. For decades afterwards, there was a marked popular aversion to the actual word 'bank' in France, it being considered to symbolise disloyalty and deception. A FINE COPY . Soultrait 18 th century 73.
MARMONT DU HAUTCHAMP, Barthélémy (b. 1682?)] . Histoire du systeme des finances sous la minorité de Louis XV. Pendant les années 1719 & 1720 . Précedée d’un abregé de la vie du Duc Regent et du Sr. Law . The Hague: Pierre de Hondt, 1739
MARMONT DU HAUTCHAMP, Barthélémy (b. 1682?)] . Histoire du systeme des finances sous la minorité de Louis XV. Pendant les années 1719 & 1720 . Précedée d’un abregé de la vie du Duc Regent et du Sr. Law . The Hague: Pierre de Hondt, 1739 6 volumes in 3, 12° (161 x 92mm). Half-title in vol. I, titles printed in red and black, one engraved plate, 2 folding letterpress tables. (C5 of vol. VI with clean tear into text.) Contemporary mottled calf, gilt spines with contrasting red and green morocco labels, red edges. ONLY EDITION OF THE FIRST AND BEST CONTEMPORARY ACCOUNT OF THE RISE AND FALL OF JOHN LAW . A complete copy with the two folding charts and the famous satirical engraved plate featuring a street vendor. A speculator in the Mississippi System, Barthelemy Marmont du Hautchamp (1682-1760?) 'had a vast knowledge of the system' according to A. Murphy; his essay is therefore highly valued for its first-hand information. The first four parts recount the history of the Law System, whilst the last two reproduce 121 pieces published from 1715 to 1721. In 1716, John Law (1671-1729), a banker of Scottish origin described by Murphy as 'an outstanding monetary theorist with a vision of the monetary system more akin to the modern economist', founded the very successful Banque Géné rale, soon after renamed Banque Royale. The funds were invested in the Compagnie d'Occident primarily devoted to the trade to the French colonies of Louisiana and Canada. Numerous international investors became involved, prompting financial speculation on an unprecedented scale; when the bubble burst in 1720, the investors were ruined and Law fled the country. For decades afterwards, there was a marked popular aversion to the actual word 'bank' in France, it being considered to symbolise disloyalty and deception. A FINE COPY . Soultrait 18 th century 73.
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