A nice watercolor of Trieste. The US cancelation on the front is January 27, 1907, the cancellation on the back says it was mailed January 13. I believe the addressee is the person who originally started this collection.
Pre WWI Trieste was the mostly landlocked Austria-Hungarian empire's port on the Adriatic. The stamp is Franz Josef I, Emperor of Austria, King of Hungary, third longest reigning monarch of any country in European history.
It was the assassination of his nephew Archduke Franz Ferdinand in Sarajevo in 1914, and Austria-Hungary's declaration of war against the Kingdom of Serbia, that activated a system of alliances resulting in World War I. In the wake of the war, the Austro-Hungarian Empire was swept away, along with several others.
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