French economist (1822–1912) and a joint winner (together with Henry Dunant) of the first Nobel Peace Prize awarded in 1901. LS in French, one black-bordered page both sides, 5.25 x 8, no date. Untranslated correspondence. Central horizontal and vertical folds, office stamping and notation, tear along the horizontal fold, and a uniform block of toning touching his signature, otherwise fine condition. RRAuction COA.