Franklin

Raggioni che assistono al publico Banco per non permettersi in esso pignorazione di grani, e per non potersi fare dallo stesso al Senato il rilascio de' supposti interessi.

Author/Creator:
Banco Pubblico di Palermo (Italy)
Format/Description:
Manuscript
52 leaves : paper ; 294 x 202 mm bound to 298 x 207 mm
Production:
[Sicily], 1774.
Status/Location:
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Details

Subjects:
Charles III, King of Spain, 1716-1788.
Banks and banking -- Italy -- Sicily -- History.
Agricultural credit -- Italy -- Sicily -- History.
Agricultural credit.
History.
Banks and banking.
Sicily (Italy) -- History -- 15th-18th centuries.
Italy -- Sicily.
Form/Genre:
Codices.
Legal documents.
Statutes.
Manuscripts, Italian.
Manuscripts, Latin.
Manuscripts, European.
Language:
Italian, with a few passages in Latin.
Summary:
Report, written between 1773 and 1774, illustrating in great detail the reasons why, according to its own statute and accounting rules, the Banco Pubblico of Palermo (a credit institution based in Sicily that acted both as a central bank and as a retail bank for private and public investors) was not allowed to repossess the grains and other harvests of insolvent debtors (for many of them, who were often farmers or small landowners, produce was the only source of sustenance). Furthermore, it explains that, according to the same statute, the Banco cannot be expected to pay interest on investments made by the Senate of the kingdom and deposited at the Banco unless private investors pay their outstanding debts first. While arguing these two points, brief accounts of the history of the Banco and its origin are given, with an emphasis on its social function and importance in protecting the credit of smaller investors. Sections of the statute of the Banco, as well as of other laws, are quoted throughout the manuscript, and are often in Latin. The document also contains annotations and marginalia in the same hand.
Notes:
Ms. codex.
Title from caption title (f.2r).
Foliation: Paper, i (paper) + 52 + i (paper); modern foliation in pencil, upper right recto.
Layout: Written in one column of 22-25 lines, with folded vertical bounding line.
Script: Written in a cursive script.
Watermark: Unidentified watermark containing 3 flowers and a crown.
Binding: Contemporary colored paste paper boards.
Origin: Probably written in Sicily in 1774 (f.3r).
Forms part of: Villafiorita Ducal Records.
Penn Provenance:
Sold by Kurt L. Schwarz (Beverly Hills, Calif.).
Cited in:
Separated from collection described in Zacour, Norman P. and Hirsch, Rudolf. Catalogue of Manuscripts in the Libraries of the University of Pennsylvania to 1800 (Philadelphia: University of Pennsylvania Press, 1965), p. 227-228 (Ms. Lea 397, No. 86).
Cited as:
UPenn Ms. Codex 1575
OCLC:
668254588