Catalog
10 Mil Réis State Bonus, Series B
| Issuer | Tesouro do Estado do Rio Grande do Sul |
|---|---|
| Year | 1931 |
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| In circulation to | 1932 |
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| Obverse lettering | O THESOURO DO ESTADO DO RIO GRANDE DO SUL PAGARÁ O PORTADOR A DOZE MEZES DESTA DATA DEZ MIL RÉIS E JUROS DE 6% AO ANO - LEI N.º 523, DE 13 DE OUTUBRO DE 1930. DEC.N.º 4.738 DE 16 DE MARÇO DE 1931. 10 Getulio Vargas THESOURO DO ESTADO DO RIO GRANDE DO SUL LitH. Da Livraria do Globo. P Alegre (Translation: Treasury of State of Rio Grande do Sul Will pay twelve months from this date Ten Thousand Reis And interest of 6% per annum. Law No. 523 of October 13; No. 4.738 of March 16, 1931. Treasury of State of Rio Grande do Sul) |
| Reverse description | Printed in green. Central vignette of the State Treasury building rendered in fine lithographic detail, flanked on either side by large numeral '10' set within ornate scrollwork cartouches. The title 'THESOURO DO' arcs across the top border and 'ESTADO DO RIO GRANDE DO SUL' runs along the lower panel, with the printer's imprint below. |
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| Comments |
Rio Grande do Sul's 1931 state bonds were emergency fiscal instruments, not federal currency — issued under the financial strain that followed the October 1930 revolution that brought Getúlio Vargas to power. Vargas himself had been the state's governor until that coup, and the new federal administration's relationship with Rio Grande do Sul's treasury was politically charged enough that local scrip of this kind filled genuine gaps in regional liquidity.
Lithografia da Livraria do Globo was Porto Alegre's most capable commercial press at the time, not a security printer by trade. That the state turned to it rather than a specialized banknote house tells you something about both the urgency and the improvised nature of this emission.