Peru 10 Sentavos Meiggs banknote 1876
Compañía de Obras Públicas y Fomento del Perú
Meiggs banknotes
Banknotes of the Society of Public Works had the signature of Henry Meiggs, so banknotes were called Meiggs. It was the only one private company that issue their own banknotes in Peru.
In 1874, Henry Meiggs founded the Society of Public Works and Development in Peru in February 1877. In order to help finance his grandiose construction plans railroads Henry Meiggs put it into circulation these banknotes by the amount of 1,030,000 Soles. The Company stated that the notes would be accepted in payment of freight and passenger railways in all by Meiggs and all payments to the Company for various services. These notes were issued without any action whatsoever to the government. The public welcomes in Lima and the provinces, but rejects the high trade. On August 17, 1877 the government authorized the issuance of Company 5,333,333 Soles assume the responsibility for which banknotes were issued