Blackwood's Edinburgh Magazine, Volume 61, No. 379, May, 1847. Various
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"The same passion was not less vehement in the other classes of society. The latest arrêts of the council had ordained that all shares should be paid in paper: and instantly a crowd assembled round the bank, to exchange their gold and silver for bank-notes. The women sold their diamonds and pearls, the men their plate. Ere long the provinces became envious of the profits made in the capital, and desirous to share in them: proprietors sold their lands for whatever they would bring, and hastened to Paris to acquire the much coveted shares. Ecclesiastics, bishops even, did not scruple to mingle in these transactions. In a short time, the population of the capital was increased by three hundred thousand souls. Foreigners also arrived in crowds; but, less intoxicated by the prevailing madness than the French, they foresaw the fatal denoûement, and, for the most part, extricated themselves in time from its effects."—(Vol. i. pp. 129, 130.)
The ultimate issue of this, as of all other general manias, was disastrous in the extreme.
"The rise of shares having at length experienced a check, they continued for some time to oscillate up and down without any material variation, according to the devices employed by skilful speculators. These variations occasioned enormous changes in the fortune of the gamblers. Those newly enriched, displayed an unheard-of luxury; hastening to enjoy wealth which had come to them like a dream, and which the wakening from it might dissipate. Never had the equipages been so magnificent, never so numerous. Laquais rolled about in their chariots, and, from the force of habit, were seen sometimes to get upon the back of their own carriages. 'Put the most showy arms on my coach,' said one to his coach-maker. 'I will have that livery,' said another, when a particularly stylish one drove past. Their furniture was sumptuous, their repasts exquisite, and the noblesse did not disdain to honour their tables, making such condescension the first step to alliances which might hereafter convey to them some of the profits of their speculations.
"Meanwhile a frightful tumult disturbed every existence. Speculation became universal, unbounded, at length brutal. Persons were crushed to death in the approaches to the Rue Quincampoix: the men with large portfolios were in hourly danger of their lives. Assassinations were committed: a Count de Horn was condemned to be broken on the wheel by the Parliament, and the sentence carried into execution, for having robbed and murdered a courtier. Alarmed at the crowds, the Regent interdicted the speculators from making use of the Rue Quincampoix: they took refuge in the Place Vendôme. In a single day that square was covered with tents, where the most sumptuous stuffs were displayed; and, without disquieting themselves with the wild joy of some, or the abject despair of others, the ladies of the court seated themselves at gambling tables, where the choicest refreshments were handed to them. Bands of musicians and courtezans served to amuse that insensate crowd. Soon its excesses led to its being expelled from the Place Vendôme; it then fixed itself in the Hotel de Soissons."—(Vol. i. pp. 133-134.)
This exceeds even the joint-stock mania of 1824, or the railway mania of 1845, in this country, of which, in the conclusion of his first volume of "Tancred," Mr D'Israeli has given a graphic picture. Lady Bertie and Bellair, whose billet regarding the "broad gauge" occasioned her to swoon, and dispelled the romantic attachment of Lord Montacute, was but a repetition of the French countesses, who thronged the antechambers of Law a century before. More vehement in their desires, more mercurial in their temperament than the English, the French, when seized with any general mania, push it even into greater excesses, and induce upon themselves and their country more wide-spread calamities.
M. De Tocqueville frequently says that he is not a military historian; and although he has considerable powers of description, and, like all his countrymen, understands something of the art of war, yet it is very apparent that his inclination does not lie in that direction. We gladly give a place, however, to his admirable account of the battle of Fontenoy, and the exploits of the famous "English column," which, though in the end unsuccessful, displayed a valour on the banks of the Scheldt which foreshadowed the heroism of Albuera and Waterloo:—
"The King of France passed the Scheldt, and, in spite of the representations of Marshal Saxe, placed himself on an eminence commanding a view of the field of battle, and where the balls rolled to his horse's feet. Many persons were wounded behind him. The English and the Dutch commenced the attack at the same time at different points. The former advanced as if nothing could disconcert their audacity. As the ground contracted, their battalions became more close together, but still keeping the finest order; and there was formed, partly by design, partly by accident, that redoubtable column of which the Duke of Cumberland soon felt the full value. Nothing could withstand that terrible mass. Steadily it moved on, launching forth death incessantly from every front. The French regiments in vain strove to impede its progress; they perished in the attempt. The first corps which the English approached was the regiment of Gardes Françaises. Before the fire commenced, an English officer stepped forth from the rank, and taking off his hat, said, 'Gentlemen of the French guard, fire.' A French officer advanced and replied, 'The French do not fire first: we will reply.' The English then levelled their pieces, and sent in a discharge with such precision, that the whole front rank of the Guard fell. That ill-timed piece of courtesy cost the lives of eighteen officers. No sooner was this over than the column renewed its march, slowly but with immovable firmness. Soon it had passed by six hundred toises (1800 feet) the front of the French army. The battle seemed lost, and the persons who surrounded the King already began to counsel him to leave the field. 'Who is the scoundrel who dares to give that advice to your Majesty?' exclaimed the Marshal, who had been all day in the hottest of the fire. 'Before the action began it was my time to give it: now it is too late.' In truth, all was lost if the monarch had left his post. His remaining there seemed to make heroes spring out of the earth: his departure would have spread discouragement through the ranks. The advice of the Marshal coincided with the feelings of the King, and he remained firm. The blood of Henry IV. then beat at his heart. By his advice a new effort better combined was resolved on. The King, whose sang froid had never for an instant been disturbed, in person rallied the fugitives. Four guns, kept in reserve for his personal safety, were brought forward, and placed in battery at the distance of forty paces from the head of the English column. They fired with grape with extraordinary rapidity, and soon huge chasms appeared in the enemy's ranks. The cavalry of the French Guard charged impetuously in at the openings,—the Dauphin, sword in hand, leading them on. The swords of the horsemen, aided by the fire of the guns and the foot-soldiers, soon completed the work of destruction. And ere long that terrible column which had so recently made the bravest tremble, is nothing but a vast ruin. The English had nine thousand killed and wounded, the French were weakened by five thousand men."—(Vol. i. pp. 425-426.)
Such is the account of the conduct of the English troops at Fontenoy—the only great battle on the continent of Europe in which they ever sustained a defeat from the French—as given by the historians of France itself. The crisis produced by the irruption of this terrible column into the centre of the French army, exactly resembles a similar attack at Aspern and Wagram, and the last onset of the Imperial Guards at Waterloo. The account of the progress of the English column, and the means by which its advance was at length arrested, might pass for a narrative of the penetrating of the Austrian centre by the French column under Lannes, on the second day of Aspern, or the famous advance of the Old and Middle Guard against the British right centre, on the evening of the 18th June 1815. Both these formidable attacks were defeated, and by means precisely similar to those by which Marshal Saxe stopped the English column at Fontenoy. At Wagram, also, the heavy mass of infantry led by Macdonald was arrested by the dreadful cross-fire of the Austrian batteries; and if the Archduke Charles had evinced the same tenacity and resolution as Marshal Saxe, the result would probably have been the same, and Wagram had been Waterloo!
Of the effects of the irreligious fanaticism, the natural result of the tyranny and oppressive conduct of the Church of Rome, which pervaded France for half a century before the Revolution,