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20 Soles Compañia de Obras Públicas y Fomento del Perú
| Issuer | Compañía de Obras Públicas y Fomento del Perú |
|---|---|
| Year | 1876 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | La Compañía de Obras Públicas y Fomento del Perú 20 pagará a la vista al portador Veinte Soles EN MONEDA CORRIENTE Lima, Julio 4 de 1876 (Translation: The Company of Public Works and Development of Perú will pay at sight to the bearer Twenty Soles in regular currency. Lima, July 4th., 1876.) |
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| Signature(s) | Clews F. Kent and Enrique Meiggs |
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| Comments |
The Compañía de Obras Públicas y Fomento del Perú was Henry Meiggs's corporate vehicle for his Peruvian railroad contracts — an arrangement so deeply entangled with state finances that the company's paper circulated quasi-officially despite having no banking charter. Meiggs himself died in September 1877, leaving the enterprise in collapse and its notes unredeemed. The signature of Enrique Meiggs on this note is Henry Meiggs signing under his adopted Hispanicized name, a habit he maintained throughout his South American years.
The National Bank Note Company printed the series in New York. Peru's broader fiscal crisis of the late 1870s, which culminated in the War of the Pacific, ensured that very few of these obligations were ever honored.