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    1803 Promissory Note from Loisel to Auguste Choteau in "Deerskin" Exchange

    (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 payeré à L'ordre de Mr. Augte Chouteau la --
    somme de Trois mille deux Cent Cinquante livre
    dix huit sols, & un denié argent Courant payable en peux
    de Chevreuill à quarente sols la Livre, pour
    valeur Reçue de mon dit Sr. Chouteau en une --
    Balance de Compte Reglé ce jour a St. Louis Le
    13me de juin 1803
    Regt [Registre] Loisel
    3250# 18S1d


    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
    No __ u 6_ 9 /u
    Ex: Eric P. Newman Numismatic Education Society

    Auction Info

    Auction Dates
    November, 2018
    7th-10th Wednesday-Saturday
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    Truth Seeker: The Life of Eric P. Newman (softcover)
    A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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