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| Issuer | Thesouro do Estado de São Paulo |
|---|---|
| Year | 1932 |
| Type | Local banknote |
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| Obverse description | Printed in dark green and ochre using intaglio and lithographic techniques, the obverse is centred on an oval vignette bearing the portrait of Brazilian statesman Ruy Barbosa de Oliveira (1849–1923), flanked on either side by the denomination numeral '200'. The text panel below the portrait carries the bearer clause referencing Decree No. 5585 of 14 July 1932, with the issuing authority's full title arching across the upper field. The printer's imprint appears at the lower margin, with an anonymous manuscript autograph of the authorising official. |
|---|---|
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| Reverse lettering | 200 • MIL REIS 200 • MIL REIS PRÓ BONUS DO THESOURO DO ESTADO DE S. PAULO CONSTITUIÇÃO 200 • MIL REIS 200 • MIL REIS (Translation: 200 Mil Réis Pro Constitution Treasury Bonus of the State of São Paulo) |
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| Comments |
The Constitutionalist Revolution of 1932 was the largest armed uprising against Getúlio Vargas's provisional government and was concentrated almost entirely in São Paulo. When federal forces cut the state off, the Paulista treasury issued these emergency bonuses — interest-bearing obligations rather than conventional currency — to pay troops and suppliers. The Companhia Melhoramentos press, better known as a publisher of textbooks and fine paper goods, was a strictly local solution to an acute wartime production problem.
The "2nd. Print" designation matters: the first print ran short within weeks, forcing a second run from the same São Paulo printer. The rebellion collapsed in October 1932 after roughly three months of fighting.