France: Banque Terriroriale, 1000 franc share, An 11 (1802)
£300.00
- Description
Description
France: Banque Terriroriale, 1000 franc share, An 11 (1802), ornate border, black. GVF
Formed in 1799 with head office in Paris mostly issuing loans on mortgage. In 1803 during the stock exchange panic a large number of drafts on the bank defaulted as the Bank of France refused to rediscount them. Liquidation followed and a committee was formed by André-Daniel Laffon de Ladebat and Jean Antoine Barrière to create another bank under the title Chavaignac et Cie. The liquidation lasted some 20 years.
