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50 Francs

Issuer Crédit Agricole et Industriel de la Broye
Year 1877
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Shape Rectangular (hand cut)
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Reverse description Printed entirely in green on plain paper, the reverse carries a large central circular guilloche medallion bearing the issuer's name "CRÉDIT AGRICOLE ET INDUSTRIEL DE LA BROYE" around the circumference and "À ESTAVAYER" at the base, enclosing a crowned Swiss cross above two heraldic shields set within an intricate lathe-work underprint. Denomination numeral "50" appears in ornate cartouches at both the left and right margins. The surrounding field is covered with a fine all-over guilloche diaper pattern.
Reverse lettering CRÉDIT AGRICOLE ET INDUSTRIEL DE LA BROYE À ESTAVAYER 50 50
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Comments

The Crédit Agricole et Industriel de la Broye was one of several regional cantonal credit institutions established in the Fribourg district during the third quarter of the nineteenth century to serve agricultural and small industrial lending — not a major commercial bank, and certainly not a prolific note issuer. Notes from institutions of this type circulated within tightly defined geographic boundaries, which kept volumes small and survivorship rates lower than for nationally distributed issues.

Hofer of Zürich handled the printing. By 1877 Swiss note production was quietly consolidating around a handful of reliable local printers before the Federal Banking Act eventually centralized currency authority entirely.

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