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1 Peso Fuerte
| Issuer | Crédito Territorial, Provincia de Entre-Ríos |
|---|---|
| Year | 1877 |
| Type | Local banknote |
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| Obverse description | Horizontal format note with the title 'CRÉDITO TERRITORIAL / PROVINCIA DE ENTRE-RÍOS' in bold letterpress across the upper portion, flanked by the numeral '1' on each side. The central text body states the obligation of the Provincial Government to honour the title for the value of one Peso Fuerte plus six percent annual interest, payable in land rent in conformity with the law of 9 May 1877. A small vignette of a building appears at the lower centre, with an oval handstamp and manuscript signatures of the Minister of Finance and the General Accountant at the bottom. |
|---|---|
| Obverse lettering | UN PESO CRÉDITO TERRITORIAL PROVINCIA DE ENTRE-RÍOS UNO TÍTULO Nº EL GOBIERNO DE LA PROVINCIA DE ENTRE-RÍOS reconoce este Título por el Valor de UN PESO FUERTE más el interés de SEIS por ciento anual, que recibirá en pago de arrendamiento y del precio de la tierra fiscal en conformidad a la ley de 9 de Mayo de 1877 URUGUAY, JUNIO DE 1877 EL MINISTRO DE HACIENDA EL CONTADOR GENERAL |
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| Comments |
Entre Ríos province had a persistent habit of issuing its own quasi-banking paper well outside the authority of any national framework, and the Crédito Territorial was one of several provincial credit institutions that filled the vacuum left by Buenos Aires's reluctance to extend monetary infrastructure into the Littoral. By 1877, national currency reform was already overdue — the Banco Nacional wouldn't consolidate note-issuing authority for another decade — so provincial instruments like this continued to circulate alongside, and often in preference to, federal paper.
Artisan Martin & Cía. handled a range of commercial and financial printing in Buenos Aires during this period, though the firm is poorly documented compared to the major European security printers. Their work on provincial issues tends to show it.