There was a total population at this juncture
(1712) of three hundred and eighty souls, about one half of whom were "in
the king's pay." Crozat, the king's deputy despot, finds no better fortune
than the king, and soon (1717) resigns his charter, to be succeeded in his
anxieties and privileges by that famous Scotch adventurer John Law, who
organized the Mississippi Company in order to enjoy the varied monopolies
assembled in its charter--monopolies which would make any inhabitant of
that trust-hating valley to-day fume in denouncing. It was a tobacco
trust, a coinage trust, a revenue trust, a slave-holding trust, a mining
trust, a trade trust wrapped in one, with an unlimited license. It was,
moreover, a conscience trust, a speech trust, a religion trust, a race
trust. It was, in short, the ultimate, sublimated expression of a
monopolistic theory made effective in a charter. Immigration, within these
restrictions, was not likely to be voluntary and eager, as was the case in
New England, and, since the company was under the one compulsion of
providing a certain number of colonists and slaves, immigration was
forced.
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