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1 Peso
| Issuer | Banco Hipotecario del Pacífico, Cali |
|---|---|
| Year | 1905 |
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| In circulation to | Log in to see details |
| Reference(s) | P#S522 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO HIPOTECARIO DEL PACIFICO CALI-COLOMBIA PAGARÁ AL PORTADOR SERIE A. UN PESO MONEDA CORRIENTE / ORO LEGAL / CONFORME A LAS DISPOSICIONES DE LA LEY / CON UN INTERÉS DEL 5% ANUAL PRESIDENTE GERENTE CAJERO AMERICAN BANK NOTE COMPANY |
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| Reverse lettering | BANCO HIPOTECARIO DEL PACIFICO SECCIÓN HIPOTECARIA ESTABLECIDA SEGÚN LEY 24 DE 1905 EL CAPITAL E INTERESES DE ESTA CÉDULA ESTÁN GARANTIZADOS POR LOS CRÉDITOS ACTIVOS DE LA SECCIÓN HIPOTECARIA Y POR EL CAPITAL DEL BANCO. LOS INTERESES SE PAGARÁN AL PORTADOR POR ANUALIDADES EL 30 DE JUNIO. ESTA CÉDULA ES AMORTIZABLE POR SORTEOS EN EL CURSO DE 10 AÑOS. UN PESO AMERICAN BANK NOTE COMPANY |
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| Comments |
The Banco Hipotecario del Pacífico was one of several regional Colombian mortgage banks authorized under the 1887 banking law, issuing notes backed theoretically by real estate assets rather than metallic reserves — a model that made practical sense in a department where liquid capital was chronically scarce but land was not. By 1905, Colombia had just emerged from the devastating Thousand Days War, and regional bank paper circulated in a climate of profound monetary distrust; the national government's own peso paper had inflated catastrophically during the conflict.
ABNC's involvement in Colombian provincial bank printing was extensive during this period, with multiple regional institutions sharing plate contracts out of New York.