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| Issuer | Sociedad Fomento Territorial |
|---|---|
| Year | 1868 |
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| Value | 20 Pesos (20 UYP) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Sociedad Fomento Territorial Titulo al portador Nº ____ Valor 20$ La Sociedad Fomento Territorial pagará al portador sobre el presente valor de VEINTE Pesos el interés de UNO por ciento mensual pagadero por trimestres vencidos. Este documento será recibido por su valor escrito é intereses devengados como dinero efectivo por toda obligación que esta Sociedad tuviese á su favor. Montevideo 1° de Junio 1868 El Contador El Presidente Lit. A. Hequet y Cohas Hros. (Translation: Territorial Promotion Society Bearer bond. #____ Value $20 The Territorial Promotion Society will pay to the bearer over this value of twenty Pesos, interest of one per cent monthly, payable each overdue quarter. This document will be accepted for its face value plus interests overdue as cash money for every obligation that this Society should have in their favor. Montevideo June 1, 1868 The Accountant The President Lith. A. Hequet y Cohas Heirs.) |
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| Protection description | No watermark. |
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| Comments |
The Sociedad de Fomento Territorial was a Uruguayan mortgage lending institution, and its circulating notes occupied a peculiar legal space — technically private paper, but widely accepted in commerce during a period when the Banco de la República did not yet exist and no single authority controlled currency issuance. Uruguay's monetary environment in the 1860s was genuinely fragmented, with multiple private and quasi-official entities emitting paper that competed for public confidence.
Litografía A. Hequet y Cohas was a Montevideo press, making this a domestically produced note at a time when most South American issuers of any ambition sent their work to London or Paris. The watermarked paper suggests an imported sheet stock, almost certainly sourced from a European mill.