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50 Heller St. Johann im Pongau

Issuer Buchdruckerei R. Holzer, St. Johann im Pongau
Year 1920
Type Local banknote
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Reverse description Plain cream paper with a plain unbordered layout, printed entirely in black Gothic script. The text sets out the redemption conditions, stating that the vouchers will be redeemed at the issuer's business premises with a 5% interest compensation until 30 November 1920, dated St. Johann i. P., 11. Juni 1920, and personally signed by Rudolf Holzer.
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Signature(s) Rudolf Holzer
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Comments

St. Johann im Pongau is a small market town in the Salzburg region, and this note belongs to the vast wave of Austrian Notgeld that flooded local circulation after the First World War left the new Republic of German-Austria with a catastrophically undersupplied coin stock. What makes this piece unusual is that the printer and the issuer are the same entity — Rudolf Holzer's print shop both produced and guaranteed the note, an arrangement that collapsed the usual distance between issuing authority and manufacturer into a single signature.

Holzer signed as both parties. Whether that carried any real weight in a town of a few thousand residents is another question.

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