Lauriston.] JOHN LAW OF LAURISTON. 111
tisement announces, ? that there was this day
lodged in the High Council House, an old silver
snuff-box, which was found upon the highway leading
from Muttonhole to Cramond Bridge in the
month of July last. Whoever can prove the property
will get the box,.upon paying the expense incurred;
and that if this is not done betwixt this
and the roth of November next, the same will be
sold for payment thereof.? .
In the time of King David 11. a charter was
given t9 John Tennand of the lands of Lauriston,
with forty creels of peats in Cramond, in the county
of Edinburgh, paying thirty-three shillings and fourpence
to the Crown, and the same sum sterling to
the Bishop of Dunkeld.
The present Castle of Lauriston-which consisted,
before it was embellished by the late Lord Rutherford,
of a simple square three-storeyed tower, with
two corbelled turrets, a remarkably large chimney,
and some gableted windows-was built by Sir
Archibald Kapier of Merchiston and Edenbellie,
father of the philosopher, who, some years before
his death, obtained a charter of the lands and
meadow, called the King?s Meadow, 1?587-8 and of
half the lands of ?& Lauranstoun,? 16th November,
1593.
On two of the windows there yet remain his
initials, S. A N., and those of his wife, D. E. M.,
Dame Elizabeth Mowbray, daughter of Mowbray
of Banibougle, now called Dalmeny Park.
Tie tower gave the title of Lord Launston to
their son, Sir Alexander Napier, who became a
Lord of Session in 1626.
Towards the close of the same century the tower
and estate became the property of Law, a wealthy
gddsmith of Edinburgh, descended from the Laws
of Lithrie, in Fifeshire ; and in the tower, it is said,
his son John, the great financier, was born in April,
1671. There, too, the sister of the latter, Agnes,
was married in 1685 to John Hamilton, Writer to
the Signet in Edinburgh, where she died in 1750.
On his father?s death Law succeeded to Lauriston,
but as he had been bred to no profession, and
exhibited chiefly a great aptitude for calculation,
he took to gambling. This led him into extravagances.
He became deeply involved, but his
mother paid his debts and obtained possession of
the estate, which she immediately entailed. Tall,
handsome, and addicted to gallantry, he became
familiarly known as Beau Law in London, where
he slew a young man named Wilson in a duel, and
was found guilty of murder, but was pardoned by
the Crown. An appeal being made against this
pardon, he escaped from the King?s Bench, reached
France, and through Holland returned to Scotland
(Robertson?s Index.)
in 1700, and in the following year published at
Glasgow his ? Proposals and Reasons for Constituting
a Council of Trade in Scotland.?
He now went to France, where he obtained an
introduction to the Duke of Orleans, and offered
his banking scheme to the hfinister of Finance,
who deemed it so dangerous that he served him
with a police notice to quit Paris in twenty-four
hours. Visiting Italy, he was in the same summary
manner banished from Venice and Genoa as a daring
adventurer. His success at play was always
great; thus, when he returned to Pans during the
Regency of Orleans, he was in the possession of
&IOO,OOO sterling.
On securing the patronage of the Regent, he received
letters patent which, on the 2nd March, I 7 16,
established his bank, with a capital of 1,200 shares
of 500 livres each, which soon bore a premium.
To this bank was annexed the famous Mississippi
scheme, which was invested with the full sovereignty
of Louisiana for planting co1onie.s and extending
commerce-the grandest and most comprehensive
scheme ever conceived-and rumour went that gold
mines had been discovered of fabulous and mysterious
value.
The sanguine anticipations seemed to be realised,
and for a time prosperity and wealth began to pre
vail in France, where John Law was regarded as its
good genius and deliverer from poverty.
The house of Law in the Rue Quinquempoix, in
Pans, was beset day and night by applicants, who
blocked up the streets-peers, prelates, citizens,
and artisans, even ladies of rank, all flocked to that
temple of Plutus, till he was compelled to transfer
his residence to the Place VendBme. Here again
the prince of stockjobbers found himself overwhelmed
by fresh multitudes clamouring for allotments,
and having to shift his quarters once more,
he purchased from the Prince de Carignan, at an
enormous price, the HBtel de Soissons, in the
spacious gardens of which he held his levees.
It is related of him, that when in the zenith of his
fame and wealth he was visited by John the ?great
Euke of Argyle,? the latter found him busy writing.
The duke never doubted but that the financier
was engaged on some matter of the highest importance,
as crowds of the first people of France were
waiting impatiently an audience in the suites of
ante-rooms, and the duke had to wait too, until &It.
Law had finished his letter, which was merely one
to his gardener at Lauriston regarding the planting
of cabbages at a particular spot !
In 1720 he was made Comptroller-General ot
the Finances, but the crash came at last. The
amount of notes issued by Law?s bank more
?
