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50 Mil Réis State Bonus, Series B

Issuer Thesouro do Estado do Rio Grande do Sul
Year 1931
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Currency Real (1799-1942)
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Obverse description Black on green and multicolor underprint. Portrait vignette of Borges de Medeiros at left, set against an ornate guilloche underprint. The text of the bond obligation, legislative authority, and issuance date appear in the central field, with the denomination and series designation rendered in bold lettering.
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Reverse description Dark violet. Central vignette of the State Treasury building in Porto Alegre, rendered in detailed lithographic style with classical columned façade and domed roof, enclosed within an ornate scrollwork border. Denomination numerals "50" appear in large bold type at left and right within decorative cartouches, with the issuer name arched along the lower border and printer imprint below.
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Comments

Rio Grande do Sul's state treasury issued these notes during the political and economic fallout of 1930–31, when Getúlio Vargas — himself a gaúcho — had just seized power federally and the state's finances were under acute strain. Local scrip of this kind filled the gap left by disrupted federal currency flows, but its acceptance was never guaranteed beyond the state's own administrative transactions.

Lithografia da Livraria do Globo was a Porto Alegre commercial printer, not a security press. That origin shows in the lithographic execution, which lacks the intaglio depth of contemporaneous federal issues from Casa da Moeda.

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