National Loan 1920 - Compagnie Algérienne


This poster, published in 1920, advertises the 5 percent state loan, known as the “Recovery Loan,” issued by the government of France to finance reconstruction after World War I. Algeria was at this time an overseas territory administered as an integral part of France, and the poster was commissioned by an Algerian financial institution, the Compagnie Algérienne. The poster shows Algerian men with a flock of sheep on a pier, watching a ship, most likely bound for France, being loaded with goods. The illustration is by Henri Villain (1878–1938), a French artist who studied at the École nationale supérieure des beaux-arts in Paris and lived and worked in Holland, Italy, and on the Dalmatian coast. In 1910, he moved to Algeria, where he established a reputation as an “orientalist” painter.

Date Created

Subject Date

Publication Information

Devambez, Paris


Title in Original Language

Emprunt National 1920 - Compagnie Algérienne

Type of Item

Physical Description

1 print (poster) : lithograph, color ; 118 x 79 centimeters


Last updated: October 25, 2013