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Item   Title MB Now at Next bid Bids New bid Max bid  
379   Barcelona  $300 $334 $368 2 You must login to place a bid.

#379 - Barcelona

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Description                           Estimate: $2,000 - $3,000          

Partly-printed vellum DS in Spanish, one page, 16 x 12, 1758. Untranslated certificate for the Royal Trade Company of Barcelona, number 1173 for 250 pesos. Wonderfully engraved multi-vignetted certificate depicting royalty, religious, and allegorical figures surrounding an outstanding harbor view of Barcelona with numerous sailing ships and buildings. In fine condition.

This company was established in 1755 with a capitalization of 1,000,000 pesos comprised of 4,000 shares at 250 pesos each, of which only 1,785 were purchased by investors. It was immediately granted a virtual monopoly on trade with Santo Domingo, Puerto Rico, and Venezuela (Margarita Island). Numerous slaves were brought to the Islands the company was trading with to foster the development of agriculture and thus a better trade. Following trade concessions allowing trade with Buenos Aires, dividends were finally paid to investors in 1771. A lack of growth capital led to the company being taken over by the Filipinas Company in 1785, the most important of the Spanish overseas trading companies.

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