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The French bonds: the little-known bidding war for France's holdings in American debt, 1786–1790
Financial History Review ( IF 0.4 ) Pub Date : 2021-07-15 , DOI: 10.1017/s096856502100010x
Peter Theodore Veru 1
Affiliation  

In 1786, the Van Staphorst brothers, America's Dutch investment bank, entered the French office of the Director General of Finance, intent on making an offer for a portion of France's holdings of American bonds. Unknowingly, their offer set off a bidding war that could have ended with poorly capitalized American financial adventurers owing a large portion of bonds which could threaten the fragile health of American credit. At the eleventh hour, the Van Staphorsts conjured up a bold, unprecedented, scheme to persuade the French that it would be unnecessary to sell their American bonds at discounted prices.

中文翻译:

法国债券:1786-1790 年法国持有美国债券的鲜为人知的竞购战

1786 年,美国的荷兰投资银行 Van Staphorst 兄弟进入法国财政部长办公室,打算对法国持有的部分美国债券提出要约。在不知不觉中,他们的提议引发了一场竞购战,这场竞购战可能会以资本不足的美国金融冒险家欠下大部分债券而告终,这可能会威胁到美国脆弱的信贷健康状况。在最后一刻,范斯塔福斯特家族想出了一个大胆的、史无前例的计划,以说服法国人不必以折扣价出售他们的美国债券。
更新日期:2021-07-15
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