C. de Murrieta & Co. Ltd., £1000 Debenture, 1891, signed by Cristobal de Murietta & Jose de Murrieta

Description

C. de Murrieta & Co. Ltd., £1000 Debenture, 1891, signed by Cristobal de Murrieta as Director, ornate border, black, pink underprint. EF.

Registered 1891. A wealthy Anglo-Spanish merchant bank that became heavily involved with finance in South America, joining Barings in the rush to provide loans mainly to Argentina. This Company was formed and the £1,000,000 debenture issue was to restore the company’s coffers after finding that Argentine loans were no longer very saleable and most of their money was tied up in them. The prestigous house of Barings was rescued by the Bank of England and other banks, but Murietta was allowed to fail and fade into obscurity. The financial difficulties created caused Lord Sudeley a director of the company, to have to sell his family seat of Toddington Manor. Cristobal and Adriano de Murrieta had settled in England and purchased Wadhurst Park in 1870 where they lavishly entertained, amongst many others the Prince of Wales. The house had to be sold after the failure.

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