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Auction: 22140 - Bonds and Share Certificates of the World - e-Auction
Lot: 180

France: Banque Territoriale, 1000 franc share, first series, l'an 11 (1802), #3292, ornate border, black, signed by André-Daniel Laffon de Ladebat and Jean Antoine Barrière and one other director. 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 Laffon de Ladebat and Barrière to create another bank under the title Chavaignac et Cie. The liquidation lasted some 20 years. VF and rare.

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Estimate
£160 to £200

Starting price
£160