MADRID. Accion de 250 Pesos. black. #3600. No 1536. Fold and some faint water staining at the bottom. Spanish trading company focusing on the colonial trade with Cuba. It was formed by royal decree in Madrid in 1789, to exploit the natural resources of the colony of Cuba, and import them into Spain. It was the last of the great royal companies, and outlived all the others; it was not liquidated until the 1840s. The share is printed on thick paper, and has designs of the royal arms of Spain supported by little angels and garlands of roses and oak-leaves at the top, and the royal arms of Cuba at the bottom, all in a border of geometric design. The design was by Luis Paret y Alcazar. Paret was born in Madrid in 1746, and died there in 1799. He was a painter, drawer and engraver who worked withVelasquez. At the time of Goya he was a notable figure in court artistic circles. He became the court painter of Bourbon Spain. By far the oldest Cuban share. Rarity 8.
Themes: BEFORE 1800, COLONIES, HSTM INDEX
PARET Y ALCAZAR, L.
Date: 5 May 1791
Startprice: € 2000