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1 Peso
| Issuer | Banco Hipotecario del Pacífico, Cali |
|---|---|
| Year | 1905 |
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| Reference(s) | P#S522 |
| Obverse description | Green and mauve note with the bank title BANCO HIPOTECARIO DEL PACIFICO / CALI-COLOMBIA in bold lettering across the top, flanked by two ornate corner vignettes. A central intaglio vignette portrays an eagle with spread wings perched on a rocky outcrop. The denomination UN PESO appears in a decorative panel at the bottom centre, with the text PAGARÁ AL PORTADOR and SERIE A. to the right; the note is a Specimen example with red SPECIMEN overprints and zeroed serial numbers, and bears printed signature lines for Presidente, Gerente, and Cajero at the foot, with the printer's imprint AMERICAN BANK NOTE COMPANY below. |
|---|---|
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| Reverse description | Printed entirely in green on white paper, the reverse carries the bank name BANCO HIPOTECARIO DEL PACIFICO in large lettering at the top, flanked by symmetrical vignettes of crossed torches. Three text panels in a guilloche-bordered layout state the guarantees and redemption conditions of the cédula hipotecaria, with the section heading SECCIÓN HIPOTECARIA / ESTABLECIDA SEGÚN LEY 24 DE 1905 centred below. The denomination UN PESO appears at the foot along with the printer's imprint AMERICAN BANK NOTE COMPANY. |
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| Comments |
The Banco Hipotecario del Pacífico was one of several regional Colombian mortgage banks authorized under the 1887 banking law, issuing notes backed theoretically by real estate assets rather than metallic reserves — a model that made practical sense in a department where liquid capital was chronically scarce but land was not. By 1905, Colombia had just emerged from the devastating Thousand Days War, and regional bank paper circulated in a climate of profound monetary distrust; the national government's own peso paper had inflated catastrophically during the conflict.
ABNC's involvement in Colombian provincial bank printing was extensive during this period, with multiple regional institutions sharing plate contracts out of New York.