Ley del Soberano Congreso trasladando el Estanco al Fisco . [text begins:] El Congreso Nacional ha sancionado y decretado lo siguinte. 1º El Estanco se trasladará al Fisco en su administracion y al efecto nombrará el Poder Ejecutivo un Factor jeneral .

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Folio (29.2 x 18.5 cm.), disbound. Caption title. Light browning. In very good condition. Early manuscript foliation in ink ("19"). (1 l.) *** FIRST and ONLY EDITION. The law decrees that the estanco is to be transferred to the Treasury, for a period as long as Congress wills, and sets out the mechanism by which implementation and accounting are to be transferred to government officials. The law is signed (in print) by José Miguel Infante, who had recently (November 1825 to March 1826) served as Chile's supreme director, and at this time was a member of the Senate. The decree immediately following is signed (again in print) by Eyzaguirre.The estanco (monopoly) for trade in tobacco, tea, foreign liquor, and playing cards was originally granted to Portales, Céa y Compañía, founded by Diego Portales (1793-1837), a member of a prominent merchant family in Santiago. In return for the monopoly, the company serviced Chile's foreign debt. Unfortunately the government was unable effectively to control such trade, and the company went bankrupt. Its memory lingered in the name of Portales's conservative followers, known as estanqueros.In the 1830s, Portales, as leader of the conservatives and a proponent of a strong central government, was the power behind the president. Since he was largely responsible for the Chilean Constitution of 1833, his political beliefs remained influential for another century.*** Briseño I, 184. Not located in Jisc. Not located in KVK (51 databases searched). Seller Inventory # 37773

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