Reconstruction of Annuities on Leathers, 1763 Rare French Document Printed on Vellum

Currency:USD Category:Coins & Paper Money / Paper Money - World Currency Start Price:325.00 USD Estimated At:450.00 - 750.00 USD
Reconstruction of Annuities on Leathers, 1763 Rare French Document Printed on Vellum

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France, 1763. Several page typeset and handwritten document in French with one page printed on vellum. This piece is a reconstitution of annuities at 3% on the income coming from the duties on leathers, and other revenues for the King (Louis XV), and is undersigned by his advisors, notaries, notekeepers, and keepers of the seals at the "Chatelet de Paris." Hereditary payments are also discussed at length, with other legal and financial text. Black text with black handwriting, black seal at top center of first page. Includes a beautiful but faint vellum page with the details. Bound by string, and in remarkable condition for its age. Rare and possibly unique piece of French financial history that pre-dates the French Revolution by over 20 years. The King of France at the time was Louis XV (15 February 1710 - 10 May 1774), known as Louis the Beloved, who was King of France from 1 September 1715 until his death in 1774. He succeeded his great-grandfather Louis XIV at the age of five. His reign of almost 59 years (from 1715 to 1774) was the second longest in the history of France, exceeded only by his predecessor, Louis XIV, who had ruled for 72 years (from 1643 to 1715). In 1748, Louis returned the Austrian Netherlands, won at the Battle of Fontenoy of 1745. He ceded New France in North America to Great Britain and Spain at the conclusion of the disastrous Seven Years' War in 1763. He incorporated the territories of the Duchy of Lorraine and the Corsican Republic into the Kingdom of France. Historians generally criticize his reign, citing how reports of his corruption embarrassed the monarchy, while his wars drained the treasury while producing little gain. His grandson and successor Louis XVI would inherit a kingdom in need of financial and political reform, which ultimately would lead to the French Revolution of 1789.