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100 Mil Réis State Bonus, Series F

Issuer Tesouro do Estado do Rio Grande do Sul
Year 1934
Type Local banknote
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Obverse description Black ink on pink and multicolour underprint, with a central portrait vignette of Gaspar Silveira Martins. Ornate guilloche work frames the composition, with the denomination numeral and bond obligations text arranged around the portrait. The issuing authority title, series designation, and the full legal text citing the authorising law and decrees appear in letterpress across the face.
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Reverse lettering ESTADO DO 100 RIO GRANDE DO SUL LIT. DA LIVRARIA DO GLOBO - P. ALEGRE
(Translation: State of Rio Grande do Sul 100 Lithography of Globo Bookshop - Porto Alegre)
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Comments

Rio Grande do Sul's state treasury issued these "Bônus do Tesouro" notes during a period when the federal government under Vargas had effectively centralized monetary authority — making locally printed state paper a political anomaly as much as a financial instrument. The Livraria do Globo was primarily a bookshop and publishing house in Porto Alegre; its lithographic workshop produced competent but commercially modest work, a far cry from the intaglio security printing common to federally issued paper of the same decade.

Series F implies at least five prior series, suggesting sustained demand for supplementary state liquidity well into the 1930s.

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