Inhaber-Schuldverschreibung der Haus für Handel und Gewerbe AG in München (Nennwert: 1000 Mark)

Description

In 1898, the star architect of the time, Friedrich von Thiersch (1852-1921), won a highly regarded planning competition in Munich. The competition was organised by the Munich Stock Exchange and the Chamber of Industry and Commerce for Munich and Upper Bavaria. They wanted to have their own “House for Trade and Commerce” built on Maximiliansplatz on the site of the former Achatz hotel and restaurant. To finance the project, they founded a joint-stock company that issued three-percent mortgage-backed bonds. The offer proved to be extremely attractive. The majority of the papers had been subscribed within a short time. After a construction period of about one and a half years, the Chamber of Industry and Commerce and the Stock Exchange were able to move into their new residence in April 1901. The planned “House for Trade and Commerce” on Maximiliansplatz was at the centre of the prestigiously designed bond. The vignette below shows Mercury, the god of trade and merchants, with a winged helmet. The signatures are those of the councillors of commerce Emil Wilhelm, the treasurer of the Chamber at that time, and Simon Lebrecht, secretary of the Munich Trade Association. They formed the chairmanship of the joint-stock company. This security is the only one still in existence.