Following the July Revolution of 1830 that saw Louis-Philippe come to power in France, James de Rothschild put together the loan package to stabilize the finances of the new government and a second loan in 1834. In recognition of his services to the nation, King Louis-Philippe elevated James to a Grand Officer of the Legion of Honor. According to the records, in 1815 the capital of the Paris banking house James Mayer de Rothschild founded amounted to £55,000 (equivalent to £ million in ); by 1852 the figure was £3,541,700 (equivalent to £ million in ), and just ten years after his death, £16,914,000 (equivalent to £ billion in ). There is a theory that before Louis-Phillipe came to power the Rothschilds were fronting for the House of Orleans. A major portion of the business has consisted of selling French government bonds to French investors through London to protect their anonymity. There was a general perception on the part of the French that otherwise their government might unilaterally reset terms.