| Mô tả mặt trước |
The obverse presents two attached counterfoil stubs at left, each bearing the denomination numeral '1', the bank title 'BANCO DE LA UNION', and the city of issue 'SANTIAGO', framed within fine guilloche borders. The stubs are printed in black on white paper with serial number 15001 visible on each, and are separated by a vertical perforation line from the main note body. |
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| Mô tả mặt sau |
The main note body displays a large central vignette of a reclining allegorical female figure accompanied by a maritime scene with sailing vessels, framed by elaborate guilloche work and lathe patterns. To the right stands a portrait vignette of a uniformed military figure, while the denomination 'UN PESO' appears in a red overprint panel at centre, with the bank title 'BANCO DE LA UNION' in bold lettering across the top and 'SANTIAGO' inscribed above. |
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Banco de la Unión was one of several private Colombian banks authorized to issue notes under the banking law of 1880, which opened note-issuing privileges to chartered commercial institutions rather than concentrating them in a single state bank. The arrangement lasted barely two decades — Law 70 of 1898 and the financial chaos of the Thousand Days War (1899–1902) effectively ended the era of Colombian private bank currency, and most of these institutions never resumed circulation afterward.
The American Bank Note Company's involvement was nearly universal among Colombian private banks of this period; the prestige of a New York-engraved note carried real weight with a skeptical public.