PARIS. Billet de 1000 Livres. black. No 109052. Unusual vertical format with 15 coupons (1793-1809) and at the bottom the actual 1000 francs bond issued early 1785 as part of the December 1784 loan issue. The loan amounted to 125 million Livres and promised a 5% interest and, with an amount of 175 million Livres clearly oversubscribed. The loan was organized by Charles Alexandre de Calonne (1734-1802). He was Controller-General of Finances from 1783 onwards and tried to remedy the fiscal crisis, creating a vast and ambitious plan of revenue-increasing (with an important land-tax) and administrative centralization. His couldn't get enough support for his plans, and was dismissed by the King in 1787. Issuedjust a few years before the French Revolution and thus reflecting a very interesting period in French history, not in the least regarding its public finances.
Themes: BEFORE 1800, CITY & STATE BONDS
Date: 31 January 1785
Startprice: € 500