Cedula de S M y Senores del Consejo, por la Qual se Manda Guarder y Cumplier el Decreto Inserto, sobre un Prestamo de Ciento y Ochenta Millones de Reales de Capital a Censo o Renta Vitalicia sobre la del Taboaco
12 pages with crest to title page. Quarto (11 1/4" x 8") single folded sheet housed in a custom made enclosure. First edition.
Cedula (Latin) means, in general, an order or authorization; in earlier times such a document on the authority of the king, or a royal decree, which for Spain and Spanish America was a decree issued directly by the monarch.
During the second half of the eighteenth century the Spanish Crown monopolized the tobacco industry in its American colonies, creating vertically integrated organisations which included factories for the production of cigars and cigarettes. Few economic activities were more vital to the development of the Spanish American economies that the cultivation, manufacture and commercialization of tobacco. Tobacco was the second most important export industry in Spanish America at the time. The decision of the Bourbon monarchs to monopolize the industry was a critical component of their plan to increase government revenues through a renewed contract with the colonists. This Spanish royal decree, issued at the end of the War of American Independence, to take effect January 1, 1784 alters the basis for the tobacco trade set up as a monopoly under Phillip V and establishing new regulations for the business. This decree mainly affected the American colonies, including Louisiana.
Some soiling on front and back; last page has columns of numbers and damp-stain along edge, one inner page heavily soiled near head else a very good copy in a fine enclosure.
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