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100 Mil Réis 1932 Revolution Bonus, 1st. Print

Issuer Thesouro do Estado de São Paulo
Year 1932
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Printer Companhia Melhoramentos de São Paulo (Weiszflog Irmãos Incorporada), Brazil
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Obverse description Printed in light pink, dark green, and black using a combination of intaglio (calcography) and lithography techniques. The central vignette consists of an oval medallion bearing the portrait of the Portuguese-Brazilian bandeirante Fernão Dias Paes Leme (1609–1681), flanked on either side by the denomination numeral '100'. A diagonal handwritten conference attestation crosses the body of the note.
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Reverse description Printed in green by lithography. The center of the note carries the text 'BONUS DO THESOURO DO ESTADO DE SÃO PAULO / PRÓ CONSTITUIÇÃO', with the denomination numeral '100' repeated to the left and right within a simple geometric frame.
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Comments

The Thesouro do Estado de São Paulo issued these bonds in 1932 to finance the Constitutionalist Revolution — the armed uprising against Getúlio Vargas's provisional government that began in July of that year. São Paulo's state treasury, cut off from federal resources and facing the enormous cost of mobilizing roughly 100,000 troops, turned to its own population for funding. Businesses, families, and civic organizations subscribed voluntarily, and the bonds circulated as quasi-currency within the state during the three-month conflict.

Companhia Melhoramentos, the São Paulo printing and paper concern that absorbed the Weiszflog brothers' operation, produced these under wartime conditions. The revolution ended in October with São Paulo's military defeat, though Vargas ultimately conceded a constitutional assembly — which the state had demanded from the start.

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