1924 Philippine One Peso Circulating Note

1924 Philippine National Bank One Peso Circulating Note

Philippines banknotes One Peso Circulating Note 1924 Charles A. Conant, Philippine National Bank

Obverse: Portrait of Charles A. Conant, Seal of the Philippine National Bank.
Reverse: ONE PESO - PHILIPPINE NATIONAL BANK CIRCULATING NOTE.
Signatures: (as depicted) Rafael Corpus (President), S. Mercado (Cashier).

Text: Philippine National Bank – Circulating Note – The Philippine National Bank Will Pay The Bearer On Demand – One Peso – In Lawful Currency Of The Philippine Islands – Series 1924 – One Peso – Issued Under The Provisions Of Act Numbered 2612 As Amended By Acts 2747, 2938 And 3005 Of The Philippine Legislature – Manila P. I. May 2, 1916 – Conant.
Printer: USBEP - United States Bureau of Engraving and Printing. Quantity Printed: 5,230,000.

Charles Arthur Conant (July 2, 1861 – July 5, 1915) was an American journalist, author, and promoter who became recognized as an expert on banking and finance.
Conant was also among the first economists to articulate the economic utility of speculation on organized stock exchanges.
  In 1901-1902 he was in the Philippines to investigate coinage and banking, on a commission organized by the U.S. Secretary of War. He returned to take a positions as treasurer of the Morton Trust Company of New York where he specialized in overseas banking. In 1915 Elihu Root sent him to Cuba, but he died of a fever there.