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| Crédito Y Ahorro Ponceño Sociedad Anonima English: Ponce Credit and Savings Bank specimen bond for Veinte Pesos Moneda Corriente, 1895 Lot 608 in the auction double-click to enlarge |
Puerto Rico was still a colony of Spain when the Banco Crédito y Ahorro Ponceño was founded in 1895. One of the bank's first directors was Ulpiano Colóm y Ferrer (1861 - ca1920). In July 1898, because of the Spanish–American War, the city of Ponce was occupied by the Americans. At that time Ulpiano Colóm, then sitting mayor of the city, wanted to resign, but that was not accepted by the American Major General James H. Wilson who extended Colóm's jurisdiction to neighbouring towns. Is Ulpiano the man on the engraved portrait ? No, I don't think so.
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| Crédito y Ahorro Ponceño rear side of the certificate above |
A hint is shown on the certificate's rear which shows a lion standing on a bridge. This lion is the central feature on Ponce's coat of arms and flag, and refers to the last name of Juan Ponce de León, conqueror and first governor of Puerto Rico. The lion on the bridge is based on the official seal adopted by Salvador de Vives Rodó (1784 – 1845) who was Ponce's Mayor from 1840 to 1842 and then again from 1844 to 1845. I believe Salvador de Vives is portrayed on this bond certificate.
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| Archives International Auctions' sale 35 Chinese, Asian & Worldwide Banknotes, Chinese Scripophily & Coins |
The certificate described in this post is lot 608 in AIA's upcoming auction which contains 45 lots of scripophily.
F.L
FYI, the specimen bond from Ponce made $600 (without 20% buyer's premium).
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