HAINAUT. CUESMES. Demi-Action de F500. black. The first coal mining concessions dates from the 1780s, and 1788 saw the formation by a lawyer at Valenciennes of a small company. This was formalised in 1810, again in Valenciennes. The 1835 company was formed by the Valenciennes shareholders, bringing the mines, and the Société de Commerce, which brought cash. A capital increase in 1839 was not fully successful. In 1848 the company expanded, acquiring extensive new concessions, and closing certain of the older ones. 1855 almost saw the end of the company. The mines were sold off to a Société Générale company, 'Couchant du Flénu', which exchanged most Levant shares for its own. Levant survived, and finally merged with Haut-Flénu in 1867. This piece dates from the second share issue by thecompany. Some unissued pieces are known, but this share is issued and as such extremely rare.
Date: 1 January 1839
Startprice: € 200