Color-tinted photographic panoramic postcard of Bormio (m. 1223), the ancient alpine spa town in Valtellina, Lombardy. Caption: "Un Salute da Bormio m. 1223." Publisher: Pola Cesare, Bormio, #1939. Posted Bormio September 1, 1912. Franked with both an Austria 5 Heller green (Franz Joseph key type) and an Italian 10 Centesimi red (Victor Emmanuel III), reflecting the complex postal situation of the Austro-Italian border region prior to WWI. Message in German from "Max" to Fräulein Tilly Tappert, Neugersdorf, Sachsen: greetings from the last Italian station before the strenuous tour over the Stelvio Pass.