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50 Centimes - Chambre de Commerce de Cahors 46

Issuer Chambre de Commerce de Cahors
Year 1915
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In circulation to 1 January 1920
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Reverse description Printed in violet on cream paper, the reverse carries the issuer's title 'CHAMBRE DE COMMERCE DE CAHORS' in a decorative cartouche at the top, with circular '50 CENTIMES' medallions at the upper left and right corners. A central text block sets out the guarantee and redemption conditions in full, below which a vignette of the Cahors municipal coat of arms within a circular frame is flanked by decorative oak and laurel sprays. The printer's imprint 'IMP. P. DUMONT LIMOGES' appears in small type at the lower right.
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Protection type Watermark
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Comments

Cahors lies in the Lot département, a region whose prewar economy ran heavily on tobacco, truffles, and the notoriously tannic local wine. When the 1914 mobilization gutted the metal coin supply almost overnight, hundreds of French chambres de commerce scrambled to fill the fractional gap. Cahors was among the first wave, issuing emergency paper in 1915 well before the formal authorization system was properly organized.

Pierre Dumont in Limoges handled a significant share of the wartime emergency notes for the southwest. The watermark is the only security feature — modest protection, but counterfeiting small-denomination necessity notes was rarely worth the effort.

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