Law, JOHN

1671-1729. Scottish financier, author of a plan for a State bank, which found no favor in Scotland, but was taken up 1715 by the French government under the Regent. Its original principles were soon buried in a ma of wild specu IMG:content-1036.jpg:[blocks in formation] lati on, in which L. and his bank were involved in the form of the Mi i ippi Company, which burst 1720 with unprecedented lo es and suffering. L. left France and wandered over Europe, dying at Venice.