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25 Francs - State Loan Bank
| Issuer | Darlehenskasse der Schweizerischen Eidgenossenschaft (Swiss Confederation State Loan Bank) |
|---|---|
| Year | 1914 |
| Type | Standard circulation banknote |
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| Obverse description | Olive-green and grey on yellow-brown underprint. The Swiss Confederation coat of arms appears at the top centre, flanked by the denomination numeral 25. The note carries trilingual inscriptions in German, French, and Italian identifying the issuing authority, the denomination, and the authorising federal council decree of 9 September 1914, with the printer's imprint of Orell Füssli, Zurich, and the designer's signature S. Balzer in the lower margin. |
|---|---|
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| Reverse lettering | 25 25 VINGT CINQ FRANCS FÜNFUNDZWANZIG FRANKEN VENTI CINQUE FRANCHI 25 25 |
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| Comments |
The Darlehenskasse was a wartime emergency institution, created by Federal Council decree in August 1914 within days of general mobilization as the financial panic following the war's outbreak caused a run on Swiss banks and drained gold and silver from circulation. These notes were never Swiss National Bank issues — they were state loan certificates, intended as a temporary medium of exchange until confidence returned. The scheme was wound up in 1915, making the entire series short-lived.
Orell Füssli had been printing securities and official documents in Zurich for centuries and was the natural choice for a rapid domestic production run requiring no foreign contracting.