. A history of the United States of America, its people, and its institutions. chase of negro slaves was prohibition seemed to him very injurious to the inter-ests of the colony. 8. LOUISIAiNA. The French in the South-west.—Though this sectionof our work has been de-voted to the history of theEnglish colonies, it seemsnecessary at this point tospeak of the movements ofthe French in the South-west, following the explora-tion of the Mississippi by LaSalle. In 1699 they founded thecolony of Biloxi, on the coastof the Galf of Mexico. Fif-teen years afterward an ex-pedition ascended the
. A history of the United States of America, its people, and its institutions. chase of negro slaves was prohibition seemed to him very injurious to the inter-ests of the colony. 8. LOUISIAiNA. The French in the South-west.—Though this sectionof our work has been de-voted to the history of theEnglish colonies, it seemsnecessary at this point tospeak of the movements ofthe French in the South-west, following the explora-tion of the Mississippi by LaSalle. In 1699 they founded thecolony of Biloxi, on the coastof the Galf of Mexico. Fif-teen years afterward an ex-pedition ascended the Mis-sissippi to the present siteof Natchez and built FortRosalie. Several settlementswere also made farther east,including Fort St. Louis andother posts on the Alabamaand Tombigbee Rivers, and Mobile, which was founded in1701, and became the capital of the province. ^ He was a preacher of wonderful eloquence, and made his waythrough the colonies preaching to audiences of many thousands ofpeople. By means of contributions received from these he supportedhis orphan French Settlements in the West andSouth. 130 THE ERA OF SETTLEMENT. New Orleans Founded.—In 1718, New Orleans, the firstpermanent settlement in the present Louisiana, was laid outby a party of colonists. It was named after the Duke ofOrleans, then regent of France. Though it began in ahumble way, the commercial advantages of its situationwere so evident that in 1723 it replaced Mobile as the capitalof the province. The Mississippi Scheme.—In 1716 an adventurous spec-ulator named John Law obtained from the Duke of Orleans a charter for a project whichwas to enrich France. A com-pany was formed which obtainedgrants of the colonial posses-sions of the kingdom and controlof the foreign trade. Inexhaust-ible mines were to be openedin Louisiana, and all connectedwith the company were to beenriched. All classes vied inthe purchase of shares, whichrose to sixty times the originalprice. In 1720 the bubble burst,
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