_Lewis_ XIV. a little before he died, was two thousand two hundred Millions in Debt: But by the Reduction of the Principal and Interest of the Revenues of the Town-House, (of _Paris_) by strikeing off two fifths upon all Contracts, and by reducing Interest to four _per Cent._ the Debts of the State were reduced to one thousand eight hundred Millions; which was the very Sum that was owing from the Crown, when _Lewis_ XV. came to it. The Debts of the Government were afterwards reduced to one thousand four hundred Millions, by sinking a Quarter, a half and three-fourths upon the State Bills, as well as all other Debts owing by the King, as also on Pensions, and by the Recovery of great Sums thro’ the Chamber of Justice. Mr. _Law_ thought he should be able to extinguish all the Debts, by a Scheme which he form’d upon the Profits that were made by _Missisippi_. For this Purpose he erected a Bank, and caused as many Shares to be created, as amounted to one hundred and fifty Millions, at one hundred Livres each, payable in State Bills, which, to the Advantage of the Buyers, rose to no less than one thousand. After this, he created more Actions, to the Value of one hundred and five Millions, payable in Money or Effects, at one thousand _per Cent._ which, with the former one hundred and fifty Millions, produced one thousand six hundred and fifty Millions; a Sum more than sufficient to cancel all the King’s Debts. Besides this, Mr. _Law_ created Bank Bills for one thousand two hundred Millions, of which he received the Value, either in Money or Effects. He raised the Money higher, upon which there were at least three hundred Millions Profit, that are not brought to the Accompt. He compelled all People to carry their Money to the Bank, by certain Arrets, which injoin’d People at first, to keep no more than one hundred Livres by them, and afterwards but five hundred. So that in eight Months Management, he augmented the old Debts of the State, that were one thousand four hundred Millions, to one thousand six hundred and fifty Millions; which, added to the one thousand two hundred Millions of the Bank, rise to two thousand eight hundred and fifty Millions, due at this Time from the King. If to this we add the _Præmium_ to which the Actions rose, which at one thousand eight hundred among private People, make five thousand four hundred Millions more; to which the one thousand two hundred Millions in Bank Bills must be added; it will appear that the Public is charg’d with six thousand six hundred Millions in Paper; and for the paying off of that Sum, there will be but five hundred Millions in the Kingdom in Specie, when they are reduced to their intrinsic Value. The King having received one thousand six hundred and five Millions in Effects, of which he owed the greatest Part, and Actions or Shares being taken instead thereof, which Actions, by secret Management, rose to five thousand four hundred Millions among the Subjects, Mr. _Law_ thereby gave the People the Opportunity of putting three thousand seven hundred and five Millions in their Pockets.