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1 Peso Oro Legal
| Issuer | Banco Industrial, Cartagena |
|---|---|
| Year | 1905 |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | EL BANCO INDUSTRIAL CARTAGENA-COLOMBIA PAGARÁ AL PORTADOR UN PESO ORO LEGAL SÉRIE D Esta Cédula Hipotecaria se emite en la fecha de conformidad con la Ley 24 de 1905 y el Contrato celebrado entre el Gobierno Nacional y el Banco Industrial el 18 de Mayo de 1898 EL PRESIDENTE EL GERENTE EL SECRETARIO |
| Reverse description | The reverse is printed entirely in green on plain paper, with a central rectangular panel containing the full text of the contract between the Colombian national government and the Banco Industrial dated 19 May 1898, including excerpts from Ley 24 de 1905. A large guilloche oval vignette with the numeral 1 appears at centre left and right, flanked by decorative cornerpieces, with marginal annotations noting the 4% annual interest payable on 30 November of each year and the amortisation schedule of ten years by annual draws. |
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| Comments |
Banco Industrial was a short-lived regional bank operating out of Cartagena during Colombia's post-Thousand Days War reconstruction period. The country's private banking system had been effectively destroyed by the conflict and its inflationary aftermath — the war had seen paper money issued in quantities so extreme that the peso effectively collapsed. Banco Industrial was among the institutions chartered in the fragile recovery window before the 1909 legislation that moved Colombia toward centralized monetary control.
The American Bank Note Company assignment places this firmly in a well-documented commercial printing relationship; ABNC handled numerous Colombian provincial bank issues of the period from their New York facilities.