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Browsing named entities in Harper's Encyclopedia of United States History (ed. Benson Lossing). You can also browse the collection for Edward Wilson or search for Edward Wilson in all documents.
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Law, John 1671-1729
Financier; born in Edinburgh, Scotland, in April, 1671.
He killed Edward Wilson in a duel, April, 1694, in London; was found guilty of murder, but fled to the Continent, where he became a gambler.
During his travels over Europe he was an enthusiastic advocate of original schemes for banking and for the issue of paper money.
With others, he established, in Paris, the Banque Generale, in May, 1716.
Notes were accepted in payment for taxes, and they even commanded a premium over specie.
About the same time he secured control of the French territory in America called Louisiana.
In 1717 the Compagnie d'occident was incorporated for the purposes of trade and colonization.
This enterprise became known as The Mississippi scheme, or The system.
Not long after this the same company got control of the East India and China companies, which were then called Compagnie des Indes.
It also absorbed the African Company, the mint, and the powers of the receivers-general
Harper's Encyclopedia of United States History (ed. Benson Lossing), Livingston , Edward 1764 - (search)