SACHSEN. LEIPZIG. Actie (Gründer-Aktie) 250 Thaler. black. #6000. No 3206. Central fold. The oldest private bank of Saxony with the right to issue notes. As well as the issue of notes, discount and lending were the main activities. Branches in Dresden and Chemnitz. In the notorious 'Saxony bank-crash', shortly after the turn of the century, the Bank granted credit without exercising sufficient care, and this brought it to a miserable end. On 26.6.1901 it was declared bankrupt. The depositors in the Bank lost around 67% of their funds, and the entire share-capital was lost.