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Lot 1166: KINGDOM OF ROMANIA

Auction No.57 of Antique Stocks & Bonds

by Boone Shares - The Scripophily Center

29 October 2016

Brussels, Belgium

Live Auction
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Description: 1858 Bond of – if we read correctly - 6300 Lei or 200 Austrian Gold Gulden. black. No 123. An 1848 revolution in Moldavia, Wallachia and Transylvania was aimed at independence from the Ottoman Empire. It was unsuccessful but did help the population of the three principalities to recognise their unity of language and interests. The Great Powers however rejected the Romanians' expressed desire to officially unite a single state, forcing the Romanians to proceed alone their struggle against the Turks. In 1859, people's representatives in both Moldavia and Wallachia elected the same 'Domnitor' (ruling Prince) : Alexandru loan Cuza. Thus, Romania was created as a personal union albeit it did not include Transylvania where the Austria-Hungarian Empire kept the territory firmly in control. It was only in 1862 that the name Romania was officially recognised (albeit still under nominal Ottoman rule until 1878). Under the rule of Domnitor Cuza, Romanian society and state structures were strongly modernized. Amongst others, he set up a large land reform, liberating peasants from thelast corvée (unfree labour), freeing their movements and redistributing some land. This bond was issued to finance the compensations to the landlords for their loss of lands and 'slaves'. An important piece of mid-19th century central European history.Rarity 10.

Condition Report: VF

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