According to Browning's earlier designs, it was meant to be carried Condition Two (like their service revolvers) until fired. You would put it in Condition One when you stopped firing and reholstered prior to dismounting your horse. Once dismounted, you put it back into Condition Two. The US Army changed it to Condition Three carry. A bit later, Col. Jeff Cooper realized that most people carrying 1911's were not riding a horse into combat, so Condition One carry started to make more sense. The US military stuck with Condition Three carry even after they phased out the 1911.As the others have expressed, Browning designed the 1911 to be carried with a round in the chamber, the hammer in cocked position and the safety on.
This is an extremely safe way to carry a 1911 though non-gun folks will most likely view it as dangerous.
That's a good article.....This article sums it all up nicely;
https://www.americanrifleman.org/articles/2015/3/23/conditions-of-readiness-for-the-1911-pistol/