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TUSCANY. Provisione sopra l’Erezione di un Monte Vacabile. A nove per cento in Firenze.
Florence, Massi 1643 - TUSCANY. Provisione sopra l’Erezione di un Monte Vacabile. A nove per cento in Firenze. Ottenuta nell’amplissimo senato dequarantotto il dì 2.Giugno 1643. Florence, Nella Stamperia del Massi, e Landi, 1643. Small 4to. [8] leaves (last blank). Woodcut of Medici arms (6 spheres) on title. One large initial. Wrappers. Provisions for the establishment of a commercial bank to issue interest-bearing bonds at 9% as from 1st June 1643. The Medicis promoted the Montes vacabile which paid interest on bonds only until the lender’s death when the capital was lost. The Montes were initially Christian charities which expanded into lending societies to meet increasing demand. The conversion to issue interest-bearing bonds was initiated by Ferdinando di Medici in 1624. Kress 849.1 [Attributes: Soft Cover]
Verkäufer: Hünersdorff Rare Books ABA ILAB
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