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2 Pesos Oro Legal
| Issuer | Banco Industrial, Cartagena |
|---|---|
| Year | 1905 |
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| Printer | American Bank Note Company |
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| Obverse description | The obverse is printed in orange-red and black intaglio. At left, a classical female allegorical figure stands beside a globe and caduceus, rendered in fine line engraving. The upper centre bears the bank title EL BANCO INDUSTRIAL and CARTAGENA — COLOMBIA in bold letterpress, with the denomination DOS PESOS ORO LEGAL in a central panel framed by guilloche ornament. The note text references Ley 24 de 1905 and the contract of 18 May 1918, with Series H designation and serial number panels at left and right; three signature lines for El Presidente, El Gerente, and El Secretario appear at the foot. |
|---|---|
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| Reverse description | The reverse is printed entirely in orange-red with intricate guilloche borders and corner numeral 2 medallions. The central field contains the full text of the contract between the Gobierno Nacional and the Banco Industrial dated 18 May 1918, including Cláusula 3a and 2a referencing Ley 24 de 1905, arranged in two columns flanked by side panels. A left panel notes interest terms of 4% annual payable by annuities, and a right panel states the cédula is amortisable by annual sorteos over ten years; two punch-cancellation holes are visible at the lower left. |
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| Comments |
Banco Industrial was a short-lived regional institution operating out of Cartagena during Colombia's post-Regeneración banking period, when the 1905 monetary reform under Rafael Reyes was actively dismantling the old private banking system and consolidating note-issuing authority toward the national government. A regionally issued denomination this small was already anachronistic by the time it left the press.
ABNC's New York plates are characteristically precise. The "Pesos Oro Legal" designation was legally significant — distinguishing gold-standard obligations from the flood of depreciated paper pesos that had plagued Colombia through the Thousand Days War years prior.