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Auction: 21144 - Bonds and Share Certificates of the World e-Auction
Lot: 394

Great Britain: Froggatt's Electric Lighting Company Ltd., a pair of certificates, 189[4], #29 and 189[5], #149, the first signed by Adriano de Murrieta and the other by his brother Cristobal de Murrieta as directors, also both signed by Thomas Fraggatt. The Murrieta family were Spanish in origin settling in Argentina and subsequently making a fortune from the South American trade. They settled in England in 1870, buying a large estate at Wadhurst Park where they entertained the Prince of Wales, Lord Randolph Churchill and Arthur Balfour amongst others. The business developed from general trade to banking and the issuing of foreign loans, Argentine in particular. The over-issuing of these culminated in the so called 'Barings Crisis' of 1890 which saw Barings Bank rescued from bankruptcy by the Bank of England and Rothschilds but the Murrietas were left to fail. The bank incorporated as a limited company in 1891 and issued debentures to cover the debt. These were not successful and the company was in liquidation soon afterwards. VF and rare (2).

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