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with anger. Hitherto he had held himself in check, but now his wrath burst forth.

โ€œBy heaven,โ€ he cried, โ€œI will not keep you waiting so long. Tell your General that I do not acknowledge King William. The Prince of Orange who calls himself so is a usurper. I know of no king of England save King James.โ€

The Englishman was quite taken aback by Frontenacโ€™s vehemence. He felt he could not go back to his leader with such an answer.

โ€œWill you give me your answer in writing?โ€ he said.

โ€œNo,โ€ thundered Frontenac, โ€œI will answer your general with the mouths of my cannon only. Let him do his best, and I will do mine.โ€

And with this answer the Englishman was forced to be content. Once more his eyes were blindfolded, and again he was jostled and hustled through the streets until he reached his boat.

When Phips received Frontenacโ€™s proud answer he prepared to attack. But he was no match for the fierce old lion of a Frenchman. The New Englanders were brave enough, but they had little discipline, and, worse still, they had no leader worthy of the name. They spent shot and shell uselessly battering the solid rock upon which Quebec is built. Their aim was bad, and their guns so small that even when the balls hit the mark they did little damage.

At length, having wasted most of their ammunition in a useless cannonade, the British sailed away. The men were dejected and gloomy at their failure. Many of their ships had been sorely disabled by the French guns, and on the way home several were wrecked. As the others struggled homeward with their tale of disaster, New England was filled with sadness and dismay.

The attack on Canada had been an utter failure. Yet, had Phips but known it, Quebec was almost in his grasp. For although there were men enough within the fortress there was little food. And even before he sailed away the pangs of hunger had made themselves felt.

For seven years more the war lingered on, but now it chiefly consisted of border raids and skirmishes, and the New Englanders formed no more designs of conquering Canada. And at length in 1697, with the Treaty of Ryswick, King Williamโ€™s War came to an end.

In 1701 James, the exiled King of Britain, died; and Louis of France recognised his son James as the rightful King of Britain. This made King William angry. Louis also placed his grandson, the Duke of Anjou, on the throne of Spain. This made King William and the British people still more angry. For with a French King on the throne of Spain they thought it very likely that France and Spain might one day be joined together and become too powerful. So King William again declared war on France, but before the war began he died.

Queen Maryโ€™s sister Anne now became Queen; she carried on the war already declared. This war brought fighting in America as well as in Europe. In America it is called Queen Anneโ€™s War, and in Europe the War of the Spanish Succession.

Queen Anneโ€™s War, 1702-1713 This war was carried on in much the same manner as the last. There were Indian massacres, sudden sallies, attacks by land and sea. But this time the British were more determined. And although another attack on Quebec failed, just as the attack made by Phips had failed, one on Nova Scotia succeeded.

In the South, too, the Spaniards were defeated at Charleston. Taken altogether the British had the best of the fighting. And when at length peace was made by the Treaty of Utrect in 1713 Nova Scotia, Newfoundland, and the Hudson Bay Territory were given up to the British. Thus both in west and north the British enclosed the French possessions.

 

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Chapter 47 - The Mississippi Bubble

Being thus encroached upon by the British the French became more determined to shut them out from the south. Already twelve years after La Salleโ€™s death another attempt had been made to found a town at the mouth of the Mississippi, and this time the attempt was successful.

This time the expedition was led by Pierre Le Moyne, Sieur dโ€™Iberville. In 1698 with two ships he sailed out from France and, after some trouble, found the mouth of the Mississippi. He did not, however, build his fort here, but on the coast of what is now the State of Mississippi. Then, leaving one of his officers and his brother in command, he sailed home again to France.

While dโ€™Iberville was away, his brother Bienville started on an expedition to explore the Mississippi. And he soon discovered that the French had taken possession none too soon, for not far from where New Orleans now stands, he fell in with a British ship. On board were a lot of French Huguenot families who had come to found a settlement on the Mississippi. Bienville talked to the captain, who told him that this was one of three ships sent out from England by a company formed of Huguenots and Englishmen who intended to found a colony on the Mississippi. They were not sure, however, whether they were on the Mississippi or not.

Bienville at once assured them that they were not, but were instead on a river which belonged to Louis of France, where already the French had several settlements. The British captain believed what he was told and, much to the Frenchmenโ€™s delight, turned back. Just at the spot where this took place the river makes a bed, and because of this it was given the name of English Bend, by which name it is known to this day.

Dโ€™Iberville only stayed long enough in France to gather more colonists and returned at once to Louisiana, where he founded two more towns along the coast. But the colonists sent out by Louis were of the lowest. Many of them were little more than rogues and vagabonds. The mere off-scourings of the towns, they were idle and extravagant, and the colony did not prosper.

Instead of putting gold into Louisโ€™ pockets, as he had hoped, he had constantly to pour it out to maintain the colony. Of that Louis soon grew tired. Besides this he wanted all the money he could gather to carry on the war (Queen Anneโ€™s War), which was still raging. So, in 1712, he handed Louisiana over to a wealthy merchant named Crozat to make what he could out of it.

Such great power was given to this merchant that he was little less than a king. He had every monopoly. Nobody in the colony could buy or sell the smallest thing without his permission, and every one had to work for him and not for themselves. But the people were by no means willing workers. They were, said one of their priests, โ€œnearly all drunkards, gamblers, blasphemers and foes of everything that was good,โ€ and when they found that they are expected to work merely to put money into the proprietorโ€™s pocket they would not work at all.

So very soon Crozat found he could make nothing out of the colony. And after some vain efforts to make it pay he gave up his charter, and Louisiana once more became a royal possession.

Meanwhile France itself was in sore straits for money. Louis XIV, that magnificent and extravagant monarch, had died and left his country beggared and in want. The Duke of Orleans now ruled as Regent for little Louis XV. He was at his witโ€™s end to know where to find money, when a clever Scots adventurer names John Law came to him with a new and splendid idea. this was to use paper money instead of gold and silver. The Regent was greatly taken with the idea, and he gave Law leave to issue the paper money. It was quite a good idea had it been kept within bounds. But it was not kept within bounds. All France went mad with eagerness to get some of the paper money which was, they thought, going to make them rich forever.

Besides issuing paper money, Law started what was known as the Mississippi Scheme or Company of the Indies in 1717. Louisiana, which had been received back from Crozat, was handed over to John Law, who undertook to settle the country, and work the gold and silver mines which were supposed to be there.

Law began at once to fill all France with stories of Louisiana and its delights. Gold and silver mines, he said, had been discovered there which were so rich that they could never be used up. Lumps of gold lay about everywhere, and one might have them for the picking up. As for silver, it was so common that it had little value except to be used for paving the streets. In proof of these stories lumps of gold said to have come from Louisiana were shown in the shops of Paris.

As to the climate, it was the most perfect on earth. It was never too hot, and never too cold, but always warm and sunny. The soil was so fertile that one had but to scratch it to produce the finest crops. Delicious fruits grew everywhere, and might be gathered all the year round. The meadows were made beautiful, and the air scented, with the loveliest of flowers. In fact Louisiana was painted as an earthly paradise, where nothing the heart could desire was lacking.

People believed these stories. And, believing them, it was not wonderful that they desired to possess for themselves some of these delights. So, rich and poor, high and low, rushed to buy shares in the Company. The street in Paris where the offices of the Company were was choked from end to end with a struggling crowd. The rich brought their hundreds, the poor their scanty savings. Great lords and ladies sold their lands and houses in order to have money to buy more shares. The poor went ragged and hungry in order to scrape together a few pence. Peers and merchants, soldiers, priests, fine ladies, servants, statesmen, labourers, all jostled together, and fought to buy the magic paper which would make them rich and happy beyond belief. Fortunes were made and lost in a day. Some who had been rich found themselves penniless; others who had always lived in poverty found themselves suddenly rolling in wealth which they did not know how to use. And John Law was the wizard whose magic wand had created all these riches. He was flattered and courted by every one. The greatest princes in the land came to beg favours of him. They came to him to beg, and he treated them haughtily as beggars, and bade them wait.

Day by day, and month by month, the madness increased, and the gigantic bubble grew larger and larger. Bienville, meanwhile, who had been deprived of his governorship, was once more made Governor of Louisiana. With a company of settlers, he returned again to the colony in 1718, and he at once set about building a capital, which, in honour of the Regent, he called New Orleans. The place he chose for a capital was covered with forest. So before any building could be done fifty men were set to fell the trees and clear a space. And then the first foundations of the new great city of New Orleans were laid.

But still the colony did not prosper. For the colonists were for the most part rogues and vagabonds, sent there by force, and kept there equally by force. They looked upon Louisiana as a prison, and tried constantly to escape from it.

Meanwhile no ships laden with gold and gems reached France, for no gold mines had ever been discovered. Then people began to grow tired of waiting. Some of them began to suspect that all the

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