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The Great Events by Famous Historians [Volumes 1-14]

Электронная книга - «The Great Events by Famous Historians [Volumes 1-14]». Краткое содержание книги:

Антология содержит:
The Great Events by Famous Historians, Volume 01
The Great Events by Famous Historians, Volume 02 / (From the Rise of Greece to the Christian Era)
The Great Events by Famous Historians, Volume 03
The Great Events by Famous Historians, Volume 04
The Great Events by Famous Historians, Volume 05 / (From Charlemagne to Frederick Barbarossa)
The Great Events by Famous Historians, Volume 06 / (From Barbarossa to Dante)
The Great Events by Famous Historians, Volume 07
The Great Events by Famous Historians, Volume 08 / The Later Renaissance: from Gutenberg to the Reformation
The Great Events by Famous Historians, Volume 09
The Great Events by Famous Historians, Volume 10
The Great Events by Famous Historians, Volume 11
The Great Events by Famous Historians, Volume 12
The Great Events by Famous Historians, Volume 13
The Great Events by Famous Historians, Volume 14
The Great Events by Famous Historians, Volume 17
The Great Events by Famous Historians, Volume 21 / The Recent Days (1910-1914)
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"That thirteen or more of the said governors or directors (of which the governor or deputy-governor shall be always one) shall constitute a court of directors for the management of the affairs of the company, and for the appointment of all agents and servants which may be necessary, paying them such salaries as they may consider reasonable.

"Every elector must have, in his own name and for his own use, 500 pounds or more capital stock, and can only give one vote; he must, if required by any member present, take the oath of stock, or the declaration of stock if it be one of those people called Quakers.

"Four general courts to be held in every year in the months of September, December, April, and July. A general court may be summoned at any time, upon the requisition of nine proprietors duly qualified as electors.

"The majority of electors in general courts have the power to make and constitute by-laws and ordinances for the government of the corporation, provided that such by-laws and ordinances be not repugnant to the laws of the kingdom, and be confirmed and approved according to the statutes in such case made and provided."

When the payment was completed it was handed into the exchequer, and the bank procured from other quarters the funds which it required. It employed the same means which the bankers had done at the Exchange, with this difference, that the latter traded with personal property, while the bank traded with the deposits of their customers. It was from the circulation of a capital so formed that the bank derived its profits. It is evident, however, from the pamphlet of the first deputy-governor, that at this period they allowed interest to their depositors; and another writer, D'Avenant, makes it a subject of complaint: "It would be for the general good of trade if the bank were restrained from allowing interest for running cash; for the ease of having 3 and 4 per cent. without trouble must be a continual bar to industry."

First in Mercers' Hall, where they remained but a few months, and afterward in Grocers' Hall, since razed for the erection of a more stately structure, the Bank of England conducted its operations. Here, in one room, with almost primitive simplicity were gathered all who performed the duties of the establishment. "I looked into the great hall where the bank is kept," says the graceful essayist of the day, "and was not a little pleased to see the directors, secretaries, and clerks, with all the other members of that wealthy Corporation, ranged in their several stations according to the parts they hold in that just and regular economy." The secretaries and clerks altogether numbered but fifty-four, while their united salaries did not exceed four thousand three hundred fifty pounds. But the picture is a pleasant one, and though so much unlike present usages it is doubtful whether our forefathers did not derive more benefit from intimate association with and kindly feelings toward their inferiors than their descendants receive from the broad line of demarcation adopted at the present day.

The effect of the new corporation was almost immediately experienced. On August 8th, in the year of its establishment, the rate of discount on foreign bills was 6 per cent.; although this was the highest legal interest, yet much higher rates had been previously demanded. The name of William Paterson was not long upon the list of directors. The bank was established in 1694, and for that year only was its founder among those who managed its proceedings. The facts which led to his departure from the honorable post of director are difficult to collect; but it is not at all improbable that the character of Paterson was too speculative for those with whom he was joined in companionship. Sir John Dalrymple remarks, "The persons to whom he applied made use of his ideas, took the honor to themselves, were civil to him awhile, and neglected him afterward." Another writer says, "The friendless Scot was intrigued out of his post and out of the honors he had earned." These assertions must be received with caution; accusations against a great body are easily made; and it is rarely consistent with the dignity of the latter to reply; they are received as truths either because people are too idle to examine or because there is no opportunity of investigating them.

%COLONIZATION OF LOUISIANA%

A.D. 1699

CHARLES E.T. GAYARRÉ

It was not only as the beginning of what was to become an important State of the American Union, but also as a nucleus of occupation which led to an immense acquisition of territory by the United States, that the first settlement in Louisiana proved an event of great significance. Nothing in American history is of greater moment than the adding of the Louisiana Purchase (1803) to the United States domain. And the acquisition of that vast region, extending from New Orléans to British America, and westward from the Mississippi to the Rocky Mountains, had historic connection with the French settlement of 1699.

As early as 1630 the territory afterward known as Louisiana was mostly embraced in the Carolina grant by Charles I to Sir Robert Heath. It was taken into possession for the French King by La Salle in 1682, and named Louisiana in honor of Louis XIV. In 1698 Louis undertook to colonize the region of the lower Mississippi, and sent out an expedition under Pierre le Moyne, Sieur d'Iberville, a naval commander, who had served in the French wars of Canada, and aided in establishing French colonies in North America.

With two hundred colonists Iberville sailed (September 24, 1698) for the mouth of the Mississippi. Among his companions were his brothers, Sauvolle and Jean Baptiste le Moyne, Sieur de Bienville. The latter was long governor of Louisiana, and founded New Orleans. Of their arrival and subsequent operations in the lower Mississippi region, Gayarré, the Louisiana historian, gives a glowing and picturesque account.

On February 27, 1699, Iberville and Bienville reached the Mississippi. When they approached its mouth they were struck with the gloomy magnificence of the sight. As far as the eye could reach, nothing was to be seen but reeds which rose five or six feet above the waters in which they bathed their roots. They waved mournfully under the blast of the sharp wind of the north, shivering in its icy grasp, as it tumbled, rolled, and gambolled on the pliant surface. Multitudes of birds of strange appearance, with their elongated shapes so lean that they looked like metamorphosed ghosts, clothed in plumage, screamed in the air, as if they were scared of one another. There was something agonizing in their shrieks that was in harmony with the desolation of the place. On every side of the vessel, monsters of the deep and huge alligators heaved themselves up heavily from their native or favorite element, and, floating lazily on the turbid waters, seemed to gaze at the intruders.

Down the river, and rumbling over its bed, there came a sort of low, distant thunder. Was it the voice of the hoary Sire of Rivers, raised in anger at the prospect of his gigantic volume of waters being suddenly absorbed by one mightier than he? In their progress it was with great difficulty that the travellers could keep their bark free from those enormous rafts of trees which the Mississippi seemed to toss about in mad frolic. A poet would have thought that the great river, when departing from the altitude of its birthplace, and as it rushed down to the sea through three thousand miles, had, in anticipation of a contest which threatened the continuation of its existence, flung its broad arms right and left across the continent, and, uprooting all its forests, had hoarded them in its bed as missiles to hurl at the head of its mighty rival when they should meet and struggle for supremacy.

When night began to cast a darker hue on a landscape on which the imagination of Dante would have gloated there issued from that chaos of reeds such uncouth and unnatural sounds as would have saddened the gayest and appalled the most intrepid. Could this be the far-famed Mississippi, or was it not rather old Avernus? It was hideous indeed—but hideousness refined into sublimity, filling the soul with a sentiment of grandeur. Nothing daunted, the adventurers kept steadily on their course. They knew that through those dismal portals they were to arrive at the most magnificent country in the world; they knew that awful screen concealed loveliness itself. It was a coquettish freak of nature, when dealing with European curiosity, as it came eagerly bounding to the Atlantic wave, to herald it through an avenue so sombre as to cause the wonders of the great valley of the Mississippi to burst with tenfold more force upon the bewildered gaze of those who, by the endurance of so many perils and fatigues, were to merit admittance into its Eden.

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