| Opis awersu |
Unissued note with a wide left stub still attached, printed in dark olive-green and black on white paper. The central panel carries the issuer's name and denomination CENT FRANCS in bold letterpress type, surrounded by a fine guilloche border with the numeral 100 repeated on both lateral sides. Three signature lines for Le Caissier, Le Président du Conseil de Surveillance, and Le Directeur appear below the place and date line, with Série and Nº fields left blank, and the lower margin bears the Emission du inscription. |
| Legenda awersu |
La Caisse Hypothécaire du Canton de Fribourg paiera au porteur à présentation CENT FRANCS 100 100 Fribourg, le 18 Le Caissier : Le Président du Conseil de Surveillance : Le Directeur : Série Nº Emission du 18 Série |
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The Caisse Hypothécaire du Canton de Fribourg was a cantonal mortgage bank, not a commercial or central issuer — its notes were backed by real estate credit rather than specie or federal reserves. Swiss cantonal paper of this type circulated within tight regional boundaries, and the series ran across nearly three decades, a lifespan that ended not by failure but by federal consolidation following the 1891 establishment of the Schweizerische Nationalbank's predecessor framework.
Surviving examples from the early part of the issue range tend to show heavier wear from local commercial use; later dates are considerably scarcer, likely pulled from circulation quickly once federal pressure on cantonal issuers intensified.