10 Francs - Federal Treasury French text

Switzerland's declaration of wartime emergency in August 1914 prompted the Federal Council to authorize small-denomination treasury notes to prevent coin hoarding from strangling everyday commerce — the 10 Franc piece in particular had nearly vanished from circulation within weeks of mobilization. These notes, issued by the Caisse Fédérale rather than the Swiss National Bank, exist outside the main SNB series entirely and are often miscatalogued as a result.

Stückelberg, better known as a history painter, had designed the base artwork years earlier; the 1914 emergency simply activated plates that had been sitting in reserve. The French-text version was printed for distribution in the Romand cantons specifically, making it a parallel issue to the German-text P#17 rather than a replacement for it.