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20 Pesos
| Issuer | Banco Industrial, Cartagena |
|---|---|
| Year | 1905 |
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| Shape | Rectangular |
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| Reverse description | The reverse is printed in a uniform sepia-brown tone and carries a lengthy legal text set in two framed panels flanking a central ornamental cartouche. The left panel announces interest terms of 4% per annum payable in arrears from the date of issue, while the central and right panels reproduce key clauses of the contract between the Gobierno Nacional and the Banco Industrial dated 18 de Mayo de 1918, citing Ley 24 de 1905 and Ley 108 de 1919. The numeral 20 appears in each upper corner within decorative frames, and the American Bank Note Company imprint is repeated at the foot. |
| Reverse lettering | CONTRATO CELEBRADO ENTRE EL GOBIERNO NACIONAL Y EL BANCO INDUSTRIAL EL 18 DE MAYO DE 1918 GANA INTERESES AL 4% ANUAL, PAGADEROS POR ANUALIDADES VENCIDAS A PARTIR DE LA FECHA DE SU EMISION AMORTIZABLE PERIODICAMENTE, POR SORTEOS, DE CONFORMIDAD CON EL ART. 7 DE LA LEY 108 DE 1919 Y LAS ESTIPULACIONES DEL CONTRATO ENTRE EL GOBIERNO NACIONAL Y EL BANCO INDUSTRIAL LEY 24 DE 1905 (17 DE ABRIL) AMERICAN BANK NOTE COMPANY |
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| Comments |
Banco Industrial was a short-lived regional institution operating out of Cartagena during Colombia's post-Thousand Days War reconstruction period, when the country was attempting to stabilize a banking sector that had been gutted by wartime hyperinflation and the forced loan policies of the Regeneration government. The American Bank Note Company contract for this series reflects a deliberate effort to signal creditworthiness through association with an internationally recognized security printer — provincial Colombian banks of this period frequently could not attract depositor confidence on their own name alone.
The P#S558 classification places this firmly in the Société range for Colombian private bank issues, suggesting surviving examples are genuinely scarce.