An Historical Study of Laws System

Cover An Historical Study of Laws System
An Historical Study of Laws System
Davis Andrew Mcfarland
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At this time there were two sets of certificates afloat, representing rights to acquire shares on which only 50 livres had been paid ; namely, the "filles" on which the ten per cent, premium had been required at the time of subscription, and the " petites filles" as the last issue was called, on which the first payment of five per cent, of the subscription price must have been made, in order to acquire a title of ownership. Under these cir- cumstances, an edict was issued August 12, f in which ...it was ordered that subscriptions should be subdivided into as many shares as the bearer should wish. It was * Levasseur gives the following estimate (p. 113, note) : — Tabacs, 3, 000, 000 livres.
Monnaies, 6, 000, 000 " Rentes de l'etat, 4, 000, 000 " Profits du commerce, _3, 500, 000 " 16, 500, 000 livres. Dutot's estimate of the commercial profits at 10, (M)0, 0(i(l livres will be found in a discussion of the forty per cent, dividend of the next year. "Economistes Financiers, p. 855. For Daire'a criticism of ilm careless estimate made by Thiers, see Economistes Financiers, p.


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