18th-century projects of Polish currency reform — the 1760 Józef Kostka Rostkowski’s project Cover Image

XVIII-wieczne projekty naprawy polskiego pieniądza. Projekt Józefa Kostki Rostkowskiego z 1760 roku
18th-century projects of Polish currency reform — the 1760 Józef Kostka Rostkowski’s project

Author(s): JACEK KANIEWSKI
Subject(s): History
Published by: Wydawnictwo Uniwersytetu Śląskiego

Summary/Abstract: The subject of the present article is a monetarist project of the Oryszkowce starosta Józef Kostka Rostkowski. The project was a reaction to the King’s program of reforms included in August III’s Univelsal calling the Sejm of 1760. Józef Kostka Rostkowski proposed the setting up of the Company with the seed capital of 10 million tynf contributed by: the king August III, Republic of Poland’s Treasury, Prior of the Order of Saint Paul the Hermit in Częstochowa, and by 9.800 noblemen, to enable the silver mines out of order as well as the Crown’s Mint manufacturing Polish currency. The capital was to have an annual interest rate of 10 per cent for 10 following years, after which a dividend was supposed to be paid. Even though the project also assumed its implementation in course of extra-parliamentary action, in practice it was not implemented.

  • Issue Year: 9/2012
  • Issue No: 4
  • Page Range: 69-80
  • Page Count: 12
  • Language: Polish