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Nor art thou election, reprobation,
Nor the long formal cloak; Nor yet the supper ordination,
Nor preaching from an oak:
Hat on, contracted brow;
Nor language thee and thou:
Or intercourse divine;
To alter bear'n's design.
An abstract of thy plan,
But “ Love of God aud man.” The first consisteth in adoring
His sov'reignty and grace;
Our present lapsed case!
Forgiving, just, and true :
As we'd be done unto.
Of gospel 'tix the sum;
Has hope in life to come;
Or give assent to none; Whether he attend communities,
Or worship God alone.
That opened like the rose of May,
Of fell regret for love's decay !
(V'er wreaths of honour early shorn, Before thy sweet and guiltless eye
Had opened on the dawn of morn!
When all in silence slumbered low,
Thou child of love, of shame, and woe!
With joy thy opening bloom to sec,
The only heart that cared for thee.
Pleaded with heaven for lier sweet child,
O'er recollection wandered wild.
Fair as the softest wreaih of spring,
In peace thy morning hymn to sing!
Scarce from the primrose pressed the dew
I thought the spirit of the dawn
Before me to the greenwood Aew.
That spotless soul from earth to sever;
That i wang'd and sealed thy doom for ever.
Of beauty, innocence, and truth,
'Twixt childhood and unstable youth.
To break that rest shall wake no morrow;
Poor child of love, of shame, and sorrow,
Thy vision fraught with bliss to be
THE MISSISSIPPI SCHEME. THE projector of this celebrated scheme was one John Law, the son of a goldsmith in Edinburgh, where he was born about the year 1681. Haviog a natural turn for calculation, he soon made himself a proficient in num. bers, and while very young obtained the confidence of the king's minister for Scotland, so far as to be employed to arrange the revenue accounts, which were in great disorder before the uniou of the two kingdoms. In order to remedy the want of a circulating niedium io Scotland, he proposed the establishment of a bank, which might issue paper money to the value of all lands in the king. dom;
this scheme was, however, too bold far adoption. In 1704, Law's father died and left him a small estate near Edinburgh. He soon imbibed a love of gaming, and thus endeavoured to supply the deficiencies of bis income by his skill at the table. In one of his gaming broils he killed Beau Wilson, whom he had challenged to a duel ; soon after which he fled tbe country. He now visited Venice and Genoa; but here his superior dexterity and numerical skill caused him to be shunned as a sharper. He, however, contrived to support himself by these means in his rambles through Italy, and at 'Turin he endeavour. ed to entrap the Duke of Savoy, with a new financial sys. tem but the duke prudently declined his services, assert
ing that his dominions were too small for the plans of so extensive a genius. He next visited Paris, where his scbemes were rejected by the ministers of Louis XIV. but the regency of the duke of Orleans was much more favourable to him. He first established a bank of 1200 shares of 3000 livres each, by royal authority in 1716, and so firmly was its credit established that the shares soon bore a premium. Annexed to it was a Mississippi company which had grants of land in Lousiana, and was ex. pected to realise an immense sum by planting and commerce. In 1718 it was declared a royal bank, and by a number of advantages arbitrarily conferred on it, so great was the extent of its business and funds that its shares rose to twenty times their original value. Al France was now seized with the rage for ganıbling in its fuuds, and thousands of adventurers poured hourly into the grand field of enterprise. In 1720 Law was made comptroller of the finances, and he now imagined that the golden dreams of his youth were realized. His vanity rose with his circumstances to a most disgusting enormity. Puh. lic confidence appeared to be established,and the Parisians dreamed of nothing short of their national debt being swept away. In the midst of this delusion the fabric tottered, and the bubble burst: the shares sunk hourly in value, and the hoax could no longer be disguised. Law did not enrich himself by the scheme, but was compelled to resign bis post after bolding it five montbs. Thousands were now reduced to beggary, and the projector had nearly fallen a victim to public execration. He spent the remainder of his life in comparative obscurity and after visiting England, Holland, and Germany, died et Venice in 1729, in distressed circumstances.
Such is the outline of the career of one of the most enterprising speculators of the last century. Short as it was it was sufficient to enforce a valuable lesson to mankind in all ages, by illustrating the superior satisfaction and enjoyment which result from regular habits and industrious inclinations. It is a common error of mankind to confound wbat may be called the speedily earned splendour of public life with diligence and undivided perseverance. The one builds castles in the air, while the other realizes little by little the most solid comforts for the wintry quarter of life. Plodding industry is therefore preferable to that restless spirit of speculation and enterprise which proved the rock on which the fortunes
of Law may be said to have foundered. All happiness
(Where, among other relics, you may see
Dwelt in of old by one of the Donati.
'Tis of a lady in her earliest youth,
She sits, inclining forward as to speak,
But tbeu her face,
Alone it hangs