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1720 Arrêt on the Billets of John Law

Currency:USD Category:Coins & Paper Money Start Price:275.00 USD Estimated At:400.00 USD
1720 Arrêt on the Billets of John Law
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[Louis XV]. ARRÊT DU CONSEIL D'ESTAT DU ROY, CONCERNANT LES BILLETS DE BANQUE. Extrait des Registres du Conseil d'Estat, du onzime juin 1720. 8vo [25.5 by 20 cm], self-covered. 4 pages; woodcut headpiece. Very good. Issued on the same day as the so-called "Bubble Act," an attempt to reign in the excesses being caused by rampant speculation caused by the frenzy of trading of South Sea Company stock, this arrt calls for the public burning of bank notes and other measures to ameliorate the chaos being caused to the French economy at this time. A highly interesting document from the peak of the John Law period.