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Lot 20134

Image Information

Type Currency
Title Lot 20134
Country United States
Description (Upper Louisiana) - Registre Loisel Promissory Note for 3250 livres, 18 sols, 1 denier Payable to Auguste Chouteau in Deerskins at 40 sols to the livre St. Louis June 18, 1803. PCGS Extremely Fine 40 Apparent. Alongside the "Bon Scrip," the early St. Louis mercantile class issued larger size, hand-accomplished promissory notes which would be payable in various equivalents to the French-denominated currencies. In some cases, the notes were payable in artisanal labor (such as for fashioning silver spoons; cf. Newman Part VIII: lot 28318), but in this case, the agreement was for the large sum to be paid in deerskins at the rate of 40 sols per livre. The sum of 3,250 livres in deerskins would fill a small building or a portion of warehouse. This significant financial instrument was issued to Auguste Chouteau, the co-founder of St. Louis. Later, Chouteau would be a prominent banker and the signer of the Bank of Missouri territorial period banknotes. Hand accomplished in French. Laid paper, approx. 20.8 x 15 cm. Beautifully penned on a larger sheet, with petty roughness along the top. A piece of glassine on the back is noted as "Tape Repairs at Top." Like all the early Missouri financial documents from the Newman Collection, with unique content and historical significance. This documents an important transaction between two very noteworthy St. Louis citizens. French Transcription: Je payer� � L'ordre de Mr. Augte Chouteau la -- somme de Trois mille deux Cent Cinquante livre dix huit sols, & un deni� argent Courant payable en peux de Chevreuill � quarente sols la Livre, pour valeur Re�ue de mon dit Sr. Chouteau en une -- Balance de Compte Regl� ce jour a St. Louis Le 13me de juin 1803 Regt [Registre] Loisel ____________________ 3250# 18S1d ____________________ Translation: I will pay to the order of Mr. Augte [Auguste] Chouteau the sum of three thousand two hundred fifty livres eighteen sols and one denier of current money payable in deerskins at forty sols to the livre, for value received of the aforesaid Sr. Chouteau in a Balance of today's account at St. Louis the 18th of June 1803 Regt [Registre] Loisel ____________________ 3250# 18S1d ____________________ Docket Back: Billet de Mr. Loisel de 3250:18s1d No __ u 6_ 9 /u Ex: Eric P. Newman Numismatic Education Society. From Newman X (Heritage Auctions, November 2018), lot 20134, realized $9000.

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Image Collection Eric P. Newman Collection, Part X
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