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50 Mil Réis State Bonus, Series E
| Issuer | Tesouro do Estado do Rio Grande do Sul |
|---|---|
| Year | 1933 |
| Type | Log in to see details |
| Value | 50 000 Réis (50 000) |
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| Obverse description | Black lithograph on multicolour underprint, with an oval portrait vignette of Borges de Medeiros at the lower left, captioned in a banner beneath. The denomination 'CINCOENTA MIL RÉIS' is set in bold letterpress across the upper centre, below the issuer title, with a small central vignette of a locomotive and transport scene flanked by fine guilloche scrollwork. The series letter 'E' appears in a cartouche at upper right, with the numeral '50' rendered in large ornate figures at lower left and lower right corners. |
|---|---|
| Obverse lettering | O THESOURO DO ESTADO DO RIO GRANDE DO SUL PAGARÁ AO PORTADOR A DOZE MEZES DESTA DATA CINCOENTA MIL RÉIS e juros de 2% ao anno. Lei Nº 523 de 13 de outubro de 1930. Decretos: Nº 4603, de 18 de outubro de 1931, Nº 4738 de 16 de março de 1931, Nº4817 de 26 de junho de 1931, Nº4937 de 15 de fevereiro de 1932. L.Nº5279 de 24 de Fevereiro de 1933. Porto Alegre 1º de Maio de 1933 BONUS 50 Borges de Medeiros THESOURO DO ESTADO DO RIO GRANDE DO SUL Lith. Da Livraria do Globo. Porto Alegre (Translation: The Treasury of The State of the Rio Grande do Sul Will pay the bearer, twelve months from this date, FIFTY THOUSAND RÉIS and interest of 2% anually. Law No. 523 of October 13, 1930. Decrees: No. 4603 of October 18, 1931, No. 4738 of March 16, 1931, No. 4817 of June 26, 1931, No. 4937 of February 15, 1932. L.Nº5279 of February 24, 1933. Porto Alegre May 1st, 1933) |
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| Comments |
Rio Grande do Sul's state treasury issued these bonds as emergency quasi-currency during the economic wreckage that followed the 1929 crash and Brazil's political upheaval under Vargas. The state had backed the 1930 revolution that brought Vargas to power, and its relative autonomy in the early 1930s allowed it to issue circulating obligations that functioned as local paper money — a practice the federal government tolerated only briefly before moving to consolidate monetary control.
Lithografia da Livraria do Globo was a Porto Alegre commercial printer, not a security press. The Series E designation suggests multiple emission rounds, pointing to sustained fiscal pressure rather than a single emergency issue.