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50 Mil Réis Banco Emissor do Norte
| Issuer | Banco Emissor do Norte |
|---|---|
| Year | 1890 |
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| Size | 195 × 93 mm |
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| Obverse description | Black intaglio on yellow and green underprint. A standing female allegory of Justice occupies the left vignette, while the right vignette presents a railway maintenance work scene; the coat of arms of the Republic appears at center left. Print and series numbers are rendered in black, with the order number in red; this note exists as a Specimen only and was never issued for circulation. |
|---|---|
| Obverse lettering | República Dos Estados Unidos do Brazil BANCO EMISSOR DO NORTE PARÁ NA THESOURARIA DO BANCO SE PAGARÁ AO PORTADOR EM MOEDA DE OURO E À VISTA A QUANTIA DE CINCOENTA MIL RÉIS 50 NOS TERMOS DO DECRETO NÚMERO 253 DE 8 DE MARÇO DE 1890, ART 1º & 2º CINCOENTA MIL RÉIS American Bank Note Co., New York (Translation: Republic of United States of Brazil Northern Issuing Bank In the bank`s treasury the amount will be paid in gold and in sight Fifty Thousand Reis In accordance with the Decree number 253 of March 8, 1890, Art 1 and 2 Fifty Thousand Reis American Bank Note Co., New York) |
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| Comments |
The Banco Emissor do Norte was one of several regional emission banks established under Brazil's 1888–1890 banking reforms, which dramatically loosened credit and note-issuing rights in the lead-up to and immediately following the proclamation of the Republic in November 1889. The resulting inflationary chaos — known as the Encilhamento — flooded the country with paper from institutions of wildly varying solvency, and the Norte was among the weaker ones.
American Bank Note Company produced this note at a moment when Brazilian commissions to ABNC were nearly continuous; the New York firm held long-standing relationships with Brazilian financial institutions and handled a significant share of the regional bank paper from this period.
The Banco Emissor do Norte ceased operations before the decade was out, making issued and circulated survivors considerably harder to locate than equivalent notes from the federally backstopped institutions of the same years.