Within the last twenty years commerce has been better un-<br >derstood in France than it had ever bcfore been， from the<br >reign of Phatamond to that of Louis XIV. Before this period<br >it was a secret art， a kind of chemistry in the hands of three or<br >four persons， who actually made gold， but without communi-<br >cating the secret by which they had been enriched It was<br >destined that a Scotchman called John Law should come into<br >France and overturn the whole economy of our government<br >to instruct us.<br >
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