Journal de la Régence (1715–1723), tome II

Claims Supported by This Source

1. 1720-05-22: The Bank paid out notes according to the reduction decree promulgated the previous day. On the 25th, payments were delayed, and the crowd threw stones, breaking windows. In the afternoon, payments were made at a 20% reduction (pp. 93–94).
2. 1720-05-27: The Parlement of Paris convened an extraordinary session and posted a resolution to hang the directors of the Bank as fraudulent bankrupts (p. 94).
3. 1720-05-28: A King's declaration revoking the decree of the 21st was published. The revocation was demanded by the Parlement, the Duke of Bourbon, and Marshal de Villeroy. The Regent admitted to having been deceived by d'Argenson, the originator of the reduction. The revocation failed to restore confidence (p. 94).
4. 1720-05-29, 10 p.m.: Law resigned as Controller-General of Finances by order of the Regent, and an officer of the Swiss Guards was placed in his house to watch him (p. 96).
5. 1720-06-01: The Bank resumed payments. A decree of 06-02 allowed anyone to hold as much specie as they wished, and a decree of 06-04 ordered the conversion of 10,000- and 1,000-livre notes and shares into 2.5% annuities (p. 97).
6. 1720-06-03: Two men and two women were crushed to death in the crowd at the Bank. By 06-12, shares had already fallen to 4,200 livres per share (pp. 97–99).
7. 1720-06-25: Two speculators were arrested for posting a false notice on the Bank's doors stating, "The Company will pay 7,000 for a 9,000 share." The price temporarily rose to 7,000, and those who had bought for less than 4,000 the previous day sold out (p. 100).
8. 1720-07-12–13: A crowd surged for payments of one 10-livre note at a time; several people were crushed to death and trampled. The author himself was in danger (p. 105).
9. 1720-07-17: The crush became extreme, and 12 to 15 people were crushed to death. The bodies of one woman and three men were carried to the Palais-Royal. Law's carriage was destroyed, and his coachman's leg was broken. That evening, a notice was posted that payments of small notes were suspended until further notice. The share price on 07-15–17 was 4,500 livres (previously 9,000–10,000) (pp. 105–108).
10. 1720-07-16: One hundred million livres' worth of 10,000-livre notes were burned at the Hôtel de Ville (City Hall) (p. 108).
11. 1720-07-18: Following the previous day's riots, a King's ordinance was promulgated forbidding assemblies and suspending payments of notes (p. 109).

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