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| 正面描述 | Black intaglio print on red and brown underprint, with vertical orientation. An allegorical female figure appears at left alongside an oval portrait vignette of Manuel Antonio Tocornal, while a cherub occupies the upper right corner. Denomination numerals and bank title inscriptions frame the composition with ornate guilloche borders. |
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| 背面描述 | Printed in brown on plain paper, the reverse is dominated by a central intaglio vignette of the Chilean corvette Esmeralda at anchor, rendered in fine detail with full masting and rigging. The word "Esmeralda" appears as a caption below the ship vignette. Elaborate guilloche borders surround the central panel, with "UNO" repeated vertically on both lateral margins and denomination numerals set into ornate corner pieces; the legends "EL BANCO" at top and "SANTIAGO / CHILE" at bottom complete the design, with the printer's imprint along the lower edge. |
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The Banco de Santiago was one of several Chilean private banks of issue operating under the 1860 Ley de Bancos, which permitted chartered institutions to circulate their own notes backed by metallic reserves. By the mid-1890s, Chile had already effectively abandoned convertibility — the peso had been inconvertible since 1878, a consequence of wartime fiscal pressures during the War of the Pacific — meaning this note entered circulation into an already debased monetary environment.
ABNC's New York facility handled the plate work. The Ottawa attribution sometimes attached to this series reflects a later corporate reorganization, not the production origin of 1896 issues.