Banco de la Laguna drawn on the Banco de Coahuila
The first series was dated 7 October 1913.
Known with FALSO overprint
A $50 note was added later.
Date on note | Denom | Series | from | to | total number |
total value |
|
7 October 1913 | $1 | A | includes numbers 43 to 16691CNBanxico #124 | ||||
$5 | A | includes number 988CNBanxico #129 to to 10647 | |||||
$10 | A | includes numbers 179 to 5239 | |||||
$20 | A | includes numbers 2478CNBanxico #10171 to 4505CNBanxico #10172 | |||||
18 December 1913 | $50 | A | includes numbers 265 to 3888CNBanxico #10173 | ||||
Obviously this issue was insufficient as a second issue was made, dated 5 January 1914. The three lower values ($1, $2 and $5) and the $50 note were again printed by the Tipografia C. Montauriol, of Torreón, but another $5 note and a $10 and $20 note, all with a slightly different typeface, were produced by the Tipografia S. de la Pena in Saltillo.
A report dated 31 August 1914AMS, fondo Presidencia Municipal, caja 157/1, legajo 34, exp. 7. The report gives details for the final denomination as $50 rather than $20 gives the following incomplete details for this second series:
Date on note | Denom | Series | from | to | total number |
total value |
|
5 January 1914 | $1 | B | 1 | 50000 | 50,000 | $50,000 | includes numbers 1138 to 14882CNBanxico #10174 |
$2 | B | 1 | 25000 | 25,000 | 50,000 | includes numbers 5239CNBanxico #126 to 22748 | |
$5 | B | 1 | 10000 | 10,000 | 50,000 | TIP. C. MONTAURIOL includes numbers 3821 to 8508CNBanxico #10177 |
|
10001 | TIP. S. DE LA PENA includes number 11045CNBanxico #10176 to 29235https://mediateca.inah.gob.mx/repositorio/islandora/object/fotografia%3A191513 |
||||||
$10 | B | includes numbers 3178CNBanxico #10178 to 10277 | |||||
$20 | B | includes number 2501CNBanxico #10179 to 3748 | |||||
$50 | B | 1 | 3000 | 3,000 | 150,000 | includes numbers 125 to 1541 | |
The signatories are:
Ignacio Amador | |
Jesús Briones was at the bank by 1908. | |
Antonio López Rangel was from Durango. He was employed as cajero of the branch of the Banco de Coahuila in Torreón, but resigned in July 1907The Mexican Herald, 2 August 1907 to take up the same position in the Banco de la Laguna when it opened in November 1907El Economista Mexicano, 2 November 1907. |
According to a newspaper article written thirty years later in 1914 the Banco de la Laguna issued $1,187,474 in cheques drawn on the Banco de Coahuila El Siglo de Torreón,11 October 1943.
These notes travelled to the neighbouring state of San Luis Potosí. On 14 October 1914 the Jefe de las Armas in Cerritos reported that businesses were refusing to accept them (billetes del Banco Refaccionario de la Laguna). The governor replied that they were of forced circulation and that the Jefe de las Armas could oblige merchants to accept themASLP, Ayuntamiento 1914.14 letter Prefecto Regional to Tesorero Municipal, San Luis Potosi, 17 October 1914.
Revalidations
Dick Long in his 1974 auction included a $5 series B, 32644, with revenue stamps and resello for Guadalajara[image needed].
Counterfeits
The Siglo de Torreón article also mentions a terrible counterfeiting of these cheques and said that the Banco de la Laguna could easily identify the counterfeits because of the contraseñas it had placed on the notes before issue El Siglo de Torreón,11 October 1943. Presumably it was because of the existence of counterfeits that an additional overprint 'Bueno solamente con el sello del Banco y la firma en facsímile del Sub-Gerente', the stamp of the bank and the signature of Mauro de la Peña were applied to some notes.
Dick Long in his 1974 auction said that the Gaytan plate, $5 series A, 208, was a totally hand-drawn counterfeit in ink.