Bond of 1500 Guilders. black. Extremely large document with folds, including some tears (repaired). Ink cancellation cross. The text is hand-written, in German, on handmade paper. Personally signed by Karl VI, Holy Roman Emperor (better known outside Germany as Charles VI), and sealed with the Emperor's personal seal. Emperor Charles VI (1685-1740) was a man with great ambitions. In 1700, merely 15 years of age, he already unsuccessfully claimed the Spanish throne following the death of his relative, Charles II of Spain. The ensuing war of the Spanish succession lasted for almost 14 years and brought his opponent, France's candidate Philip, Duke of Anjou to the throne. After the death of his brother, Joseph I in 1711, he became Emperor of the Holy Empire, King of Bohemia, Hungary and Croatia, Archduke of Austria, etc. As Emperor he developed himself as a real moderniser of the economy with investments in the road network, a stimulating policy with regard to trade and industry, and foundation of the Ostend Trading Company (1723). The latter company was intended to augment Austria's trade with the East Indies, West Indies and Africa, but was dissolved in 1731 by means of the Treaty of Vienna in exchange for Britain's recognition of female heirs (Pragmatic Sanction). All these activities meant a real cash drain for the treasury. These financial needs would even increase from 1733 onwards when the Holy Empire became involved into several wars. The first serious war was the war of the Polish Succession (1733-1738), which brought the Austrian candidate to the throne. In order to finance the State, the Emperor first issued a number of bonds in his own Empire. It is one of these bonds that we offer here. Later, with ever more money needed, the Emperor searched for money in the international capital market. In the early 18th century, Amsterdam was the world-leading financial market. In 1733 and 1736, the so-called Silesian loans were floated by the Emperor in Amsterdam. From 1737 onwards Austria's fate started to dwindle. It got involved in the Turkish War with Russia, which resulted in a decisive Austrian defeat. Popular discontent at the costly war reigned in Vienna. At the time of his death, the Habsburg lands were saturated in debt; the exchequer contained a mere 100,000 florins; and desertion was rife in Austria's sporadic army, spread across the Empire in small, ineffective barracks. After Charles VI's death in 1740, his successor Maria Theresa was forced to defend her inheritance from the coalition of Prussia, Bavaria, France, Spain, Saxony and Poland. But that's a different story... Exceptional bond, for its history and of course for the personal signature of Emperor Carl VI.
Themes: BEFORE 1800, GOVERNMENT BONDS
King Karl VI
Startprice: € 3000