Per Aspera ad Astra From the Suspension of Payments to the Arrangement of 1815

Marten Gerbertus Buist
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Marten Gerbertus Buist: Rijksuniversiteit te Groningen

Chapter Chapter Eight in At Spes non Fracta, 1974, pp 227-274 from Springer

Abstract: Abstract In the previous chapter we left the entrepreneurs, headed by Borski, in a state of great anxiety. Through their spokesman, they had agreed at the end of 1808 to take a further 4,109 bonds, and they had been given until Ist July 1809 to decide whether or not to accept the balance of 4,000. We also learned that, of the 13,109 bonds which the entrepreneurs had accepted up to that point, less than 4,500 had been placed. During the opening months of 1809 the situation was, if anything, even worse. The threat of war in eastern Europe led to a virtual absence of buyers, and the price fell from 86 in January to 82 in April, in which month the conflict between France and Austria finally broke out.1

Keywords: Money Market; Interest Payment; Bond Price; British Government; French Government (search for similar items in EconPapers)
Date: 1974
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DOI: 10.1007/978-94-011-8858-6_8

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