Law

Law

Law (Lah), John, geb. 1671 zu Edinburgh, Kaufmann, der berühmteste Schwindler im Finanzwesen, obwohl er ursprünglich von ganz richtigen Grundsätzen ausging. Er errichtete 1716 in Frankreich eine Actienbank, die gute Geschäfte machte u. 1718 in eine Staatsbank verwandelt wurde, gründete eine Missisippicompagnie, übernahm alle Monopole des Colonialhandels, alle Generalpachten, überhaupt alle finanziellen Operationen der Staatskasse. Bei solchen Mitteln stieg der Credit seiner Bank fabelhaft; aber L. gab nun eine solche Masse Banknoten heraus, daß sie in keinem Verhältniß mehr zu den Baarmitteln der Bank standen, daher die Noten auch nicht gegen Metall umgewechselt werden konnten, als gegen Ende von 1719 die natürliche Nachfrage eintrat. Der Schrecken vermehrte das Uebel, das Verbot die Noten bei der Bank zum Umwechseln einzureichen, half nichts, die Bank stürzte, L. entfloh und lebte als Spieler in Venedig. wo er 1729 st.


http://www.zeno.org/Herder-1854.

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