WIEN. Imperial Decree. black. 16-page booklet in excellent condition apart from upper right corner being cut (far outside the printed part). Text in German. The subject of the decree is entirely focused on the Imperial Privileged Oriental Co. (see further below). The company was astate-organized trading company established 1719 with a capital of 1 million thalers. Its charter was modeled after the French Oriental company founded by John Law. The purpose was to establish commercial trade with the Ottoman Empire, whose borders were in the Balkans following a 1718 peace treaty between the two empires. The company had monopoly rights to trade in the lands of the Sultan along the Danube and the Adriatic. Later it also started trade with Portugal. The company also had the right to maintain their own factories, so it purchased a woollen mill in Linz and started a sugar refinery and a candle factory. Offices were built in Belgrade and Constantinople and the company had branch offices in Trieste, Fiume and Messina. However, the company also encountered difficulties from the beginning, including the competition from private merchants from the Ottoman Empire itself. In 1740, the Oriental Company was declared bankrupt after Austria rejected an offer from English and Dutch merchants to take over the company. This decree of Emperor Charles VI includes the purchase of the woollen factory from 1722. The Oriental Company confirmed its privileges in the Linz company. These privileges were valid for Upper, Lower and Inner Austria and related to the production and dyeing of all kinds of textiles and the importation of foreign goods. Large imperial paper seal (fully intact) on the last page as well as the original signature of Charles VI, Holy Roman Emperor and ruler of the Austrian Habsburg Monarchy. Charles VI (1685-1740) took the throne in 1711, when his elder brother Joseph I, died. The territorial extent of his Habsburg lands was at its greatest since Emperor Charles V (1500-1558). He is also known for the Pragmatic Sanction of 1713, replacing the Salic law and as such allowing his daughter, Maria Theresia, to inherit his empire. His death sparkled the War of the Austrian Succession (1740-1748). This Oriental Company is one of the very first share-based companies in the Austro-Hungarian Empire and Germany. This decree, with the signature of the Emperor, is the oldest document from an "Austro/German" stock corporation we have ever seen.
Themes: BEFORE 1800, COLONIES, TEXTILE
AUSTRO-HUNGARIAN EMPIRE, GERMANY, TURKEY
Emperor Charles VI
Date: 6 November 1724
Startprice: € 3400