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25 Francs
| Issuer | Banque de Dépôt et d'Émission de Chaux-de-Fonds |
|---|---|
| Year | 1848 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#S417 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 25 25 CHAUX de FONDS BANQUE de DÉPÔT & d'ÉMISSION autorisée par le Gouvernement provisoire Bon pr. VINGT CINQ Francs Le Contrefacteur sera puni. au porteur LE COMMISSAIRE DU GOUVERNEMENT PROVISOIRE PRÈS LA BANQUE Le Directeur 25 25 |
| Reverse description | Reverse is plain, unprinted cream paper consistent with the hand-cut single-sided production typical of Swiss cantonal emergency issues of 1848. |
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| Comments |
The Banque de Dépôt et d'Émission de Chaux-de-Fonds was one of the cantonal and private note-issuing institutions that proliferated in Switzerland before federal banking consolidation. La Chaux-de-Fonds, deep in the Neuchâtel Jura, was then a watchmaking center rather than a financial capital — the bank's existence owed more to industrial credit needs than to any ambition in high finance. 1848 was a turbulent year across Europe, and Switzerland was not untouched: the new federal constitution adopted that year would, over the following decades, lay the groundwork for the note-issue reforms that eventually extinguished institutions like this one.
Survivors are rare. The Swiss cantonal note-issuing period ended abruptly enough that most provincial paper was redeemed and pulped rather than preserved.