|Stock / Share Certificates|
Archives International Auctions / AIA Sale 58 - SESSIONS 1 & 2 - U.S., Chinese & WW Banknotes, Scripophily, Coins and Security Printin - 08/04/2020 / Coins & Paper Money / Stock & Bond - Certificates / Lot 767
Savings and Charity Fund of Monsieur Lafarge, 1791 Issued Certificate - France, 1791. Share or Bond Certificate for 90 Livres I/U to a woman in Paris in September of 1791. Black text with black border with a small medallion illustration at top center. The certificate has been filled out by hand, and includes several signatures on the front, including Lafarge's signature as General Director. Signatures are also on the back, with dates that likely correspond to dividend payments, near a faded administrative stamp. The Savings and Charity (also translated to Benevolent) Fund of Sir Lafarge functioned as a life annuity fund and savings bank, with the subsequent capital likely invested in national securities. When the French Revolution hit, the national finances of France collapsed, and the Fund passed out of existence, likely not long after this certificate was issued. Paris at the time would have been a tumultuous and dangerous place, with the Constitution of 1791 only having been passed earlier that very month. Significant events were still to follow, including the execution of Louis XVI and Marie Antoinette. Unique and fascinating glimpse into French Revolutionary and finance history, Very Rare.