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10 Pesos Sociedad de Fomento Territorial
| Issuer | Sociedad Fomento Territorial |
|---|---|
| Year | 1868 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Peso (1863-1975) |
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| Obverse description | A classical allegorical female figure holding a torch stands at left within an elaborate intaglio vignette, accompanied by symbols of commerce and agriculture including a map scroll, ledger, and fauna, with a building in the background; the issuer title 'SOCIEDAD FOMENTO TERRITORIAL' curves across the top in bold letterpress, below which 'Titulo al portador' appears in italic script flanked by the hand-written serial number and face value cartouches. The body text, printed in letterpress, sets out the bearer bond terms in Spanish, dated Montevideo, 1 June 1868, with two manuscript signatures below for El Contador and El Presidente. A green guilloche border frames the entire note, with the issuer name repeated vertically along the left margin. |
|---|---|
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| Protection description | No watermark. |
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| Comments |
The Sociedad de Fomento Territorial was a Uruguayan mortgage and land development institution, and its circulating notes of the 1860s were an early experiment in quasi-banking by a non-state entity at a time when Uruguay had no functioning central bank. Notes issued by such sociedades operated in a legal grey zone — backed nominally by land assets rather than specie reserves, which made their acceptance in trade genuinely uncertain.
A. Hequet y Cohas was a Montevideo-based lithographic firm, one of the few local printing houses producing financial paper in the Río de la Plata region during this period. The watermark is the sole concession to security on what was otherwise a locally produced note with limited anti-counterfeiting sophistication.