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1 Peso
| Issuer | Banco Dugand |
|---|---|
| Year | 1919 |
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| Currency | Peso (1837-1942) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | VALE $1.00 MONEDA LEGAL BANCO DUGAND SECCION HIPOTECARIA ESTABLECIDA EN VIRTUD DE CONTRATO CELEBRADO CON EL GOBIERNO DE LA REPUBLICA DE CONFORMIDAD CON LA LEY 24 DE 1905 AL 6% DE INTERES ANUAL CEDULA HIPOTECARIA Número 30884 SERIE A BARRANQUILLA, FEBRERO 20 DE 1919 EL DIRECTOR GERENTE EL SECRETARIO AMERICAN BANK NOTE COMPANY |
| Reverse description | Plain paper reverse with an ornate rectangular orange-printed border enclosing six numbered conditions (Condiciones) in cursive script, governing the terms of the cedula hipotecaria. Below, repeated lines record interest payment entries reading SE PAGARON INTERESES HASTA EL 31 DE DICIEMBRE DE 19 and SE PAGARON INTERESES HASTA EL 30 DE JUNIO DE 19. |
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| Comments |
Banco Dugand was a short-lived Colombian private bank founded by the Dugand family, prominent in Barranquilla's commercial life during the early twentieth century. Colombian free banking had largely been curtailed by the time this note was printed, and Dugand operated under the increasingly restrictive monetary framework that preceded the 1923 Kemmerer Mission reforms — which ended private note issue in Colombia for good.
The American Bank Note Company contract placed it in distinguished company; ABNC handled most of the region's quality private bank paper at the time. Whether significant quantities ever reached general circulation before the bank's closure is unclear.