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Finley, John, 1863-1940

"The French in the Heart of America"

Every conceivable sound economic and philosophical principle was
violated, and yet investors came from all parts of Europe. "Crowds of
crazed speculators jostled and fought each other" before the offices of
the company in the Rue Quincampoix [Footnote: A now disreputable street,
or so it seemed as I walked through it one day in the dusk.] from morning
till night to get their names inscribed among the stockholders, and,
though five hundred thousand foreigners were attracted to Paris by
opportunities for speculation, scarcely a colonist went willingly to the
Eldorado of the company, whose stock was capitalized in billions and
"whose ingots of gold were displayed in Paris shop-windows." There were
maps of that valley to be found in abundance in Paris in those days with
mines indicated on them indiscriminately. When the bubble burst, Louisiana
"became a name of disgust and terror" in Europe, and doubtless thousands
hoped never to hear the word "Mississippi" again, and yet it was only time
that was needed to make even such wild prophecies true.


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