Let K be a field, A a valuation ring of K and κ(A) the residue field of A. We extend the canonical mapping of A onto κ(A) to a mapping hA:K~→(κ(A)) by the equation hA(x)=∞ if x∈/A. The mapping hA thus defined is a place of K whose valuefield is κ(A).
Clearly hA(1)=1.
We show that hA is a morphism for addition. Let x,y be two elements of K~ such that hA(x)+hA(y) is defined. One of the two elements x,y belongs then to A and hence x+y is defined. If x∈A and y∈A, clearly
hA(x)+hA(y)=hA(x+y)
holds. If x∈A and y∈/A, then x+y∈/A and the two sides of the above formula equal ∞.
We show finally that hA is a morphism for multiplication. Let x∈K,y∈K be such that hA(x)hA(y) is defined. If x∈A and y∈A, clearly xy is defined and hA(x)hA(y)=hA(xy). Suppose now that one of the elements x,y, for example y, does not belong to A; as hA(y)=∞, hA(x)=0, that is x∈/m(A), whence x−1∈A; it follows that xy is defined and that xy∈/A, whence
hA(xy)=∞=hA(x)hA(y).
This proves Proposition 1.
If j is an isomorphism of κ(A) onto a subfield of a field L, j∘hA:K~→L~ is a place of K with values in L. The above process in fact provides all the places on K. To be precise:
Bourbaki puts the proof directly after the statement, so what is above is the statement and its proof together.
Nothing.