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Private issues

Generally the authorities were opposed to private issues. For instance, on 30 September 1914 the government issued a notice that it knew that certain business had issued vales o bonos for one centavo, arguing the absence of coins of this value. It ordered these notes to be withdrawn immediately, or the issuers would face punishmentEl Popular, Colima, Epoca Tercera, Núm. 67, 30 September 1914. Elsewhere it was reported that the governor noted that various businesses, for their own account and at their own risk, had put large quantities of vales into circulationAHEC, leg 847, 1914 notice September 1914, so there were probably other values. None are known but on 29 September J. D. León, of the Molinos de Nixtamal, had responded to a complaint that they were refusing to accept Constitutionalist notes. This, he said, was a slur. The truth was that as there was not enough fractional coinage it was impossible to give changeEl Popular, Colima, Epoca Tercera, Número 66, 29 September 1914 so perhaps the mills resorted to issuing vales.

It is also reported that the lack of coinage was such that the owner of the newspaper El Popular, on his own account and risk, issued vales so people could buy his paper, but was quickly reprehended by the authoritiesAHEC, leg. 847, 1914.

On 12 January 1915 various businesses wrote to the governor asking for permission to issue vales in small denominations in order to reactivate commercial activity, but this was deniedAHEC, leg 871, 1915.

However we do have a few instances from the first half of 1915.

Colima privates


Hacienda de San Antonio

Hacienda de San Antonio Colima

Hacienda de San Antonio

The hacienda of San Antonio, in Comala, just 10 kilometres from the crater of the Volcan de Colima, was originally of 3,392 hectares. In a letter written to President Calles’ Secretary of Agriculture and Development, its owner, Arnoldo Vogel wrote "I appeal to the testimony of all the people who are and know the property, that from a land without cultivation, of thick mountains and without any means of irrigation, I have made the only large coffee plantation that exists in the state"Registro Agrario Nacional (Delegación Colima, Colima) exp. 023/002 letter Arnoldo Vogel to Luis León, 21 August 1925.

This hacienda used round cartones to pay wages to its workers, either because of a lack of small change or because paying in vales tied the workers even more tightly to the hacienda and its company store (tienda de raya). This was a medium used by several hacienda in Jalisco and neighbouring states. The cartones have the denomination on the face and the same in Roman numerals (and often the hacienda’s brand) on the reverse. They usually carried the imprint “J.K.G” (for the printer, Juan KaiserJuan Kaiser Schwab was born in Leusigen, Switzerland in 1858, and in 1881, at the age of twenty-three, sought his fortune in South America, travelling from Chile to Bolivia and from Peru to Panama. In 1887 he settled in Mexico City, and was employed by the stationers “La Helvetía”. At the end of that year, with his elder brother Arnoldo, he acquired a bookshop, “Al Libro Mayor”, in San Luis Potosí. In 1899 he moved to Guadalajara and founded “Al Libro de Caja,” dealing in printing, binding, office stationery and books in general. The Kaiser brothers were instrumental in introducing the picture postcard to San Luis Potosí and, probably, Guadalajara. Juan Kaiser died in 1916, and was succeeded by his son, Javier, who in time handed the business over to its employees and went to live in Switzerland, his ancestral home. of Guadalajara) or some variation, and the number of the order (modelo) which allows the various issues to be dated.

Modelo 5200, which probably dated from the first quarter of 1915, was for five denominations (2c, 5c, 10c, 20c and 50c).

San Antonio 2c

San Antonio 2c reverse

San Antonio 10c

San Antonio 10c reverse

San Antonio 20c

San Antonio 20c reverse

San Antonio 50c

San Antonio 50c reverse

The 2c, 5c, 10c and 20c are also known on white pasteboard.

San Antonio 2c white

San Antonio 2c white reverse

San Antonio 5c white

San Antonio 5c white reverse

San Antonio 10c white

San Antonio 10c white reverse


Arnoldo Vogel was born in Germany, of poor parents, and arrived in Manzanillo, Colima, in 1868, when he was nineteen years old. In October 1867, shortly before Vogel arrived in Mexico, a Frenchman of Breton origin, Arthur Le Harivel, bought a part of the Montitlán hacienda known as La Joya and La Joya Chiquita, north of Comala. Ten years later, by deed of 29 October 1877, Heinrich Stoldt, Adolf Kebe and Arnold Vogel, then married to the sister of Kebe's wife, established, together with Le Harivel, the Compañía de San Antonio for the coffee plantation in La Joya and La Joya Chiquita. By the end of the century Vogel had acquired the whole property and built its centrepiece, the Casa Grande.

Everyone recognized the good treatment Vogel always gave to the workers of San Antonio, even the revolutionaries themselves. On 13 July 1916, Carranza’s Minister of Relations sent a questionnaire about Vogel to the governor of Colima, Juan José Ríos. In the part concerning character and personal qualities, the general replied: "It is imperative, although he is recognized as a man of advanced ideas and protector of his workers (mozos) and devoted entirely to his agricultural work"Archivo Histórico Genaro Estrada, Secretaría de Relaciones Exteriores, exp. 42-18-93, “Contestación del cuestionario por la Secretaría de Relaciones sobre las circunstancias que concurren respecto del súbdito alemán Arnoldo Vogel” attached to a letter Subsecretario de gobierno, Colima, to Cándido Aguilar, Colima, 21 August 1916.

Vogel also started other companies that brought modernization to his adopted state. He was the main shareholder in the construction of Colima’s streetcar network and president of the Power and Electric Light Company (Compañía de Potencia y Luz Eléctrica de Colima).

He died on 30 July 1926.


Hacienda de Nogueras

This was the second of four large sugar haciendas within the district of Comala, founded in 1704, and owned at this time by the Sociedad Vergal y Rangel, with Francisco M. Rangel as the manager.

  series date on note from to total
10c B           includes number 080
D 5 June 1915         includes number 0702


As bearer cheques (cheques al portador) these circumvented the ban on private issues of currency, and these cheques carried revenue stamps on the reverse and the legend “Este Cheque será pagado conforme a las disposiciones del Código de Comercio”.


Luis H. y Hoyos

This was a similar series of bearer cheques for 25 centavos, 50 centavos and one peso drawn on the Colima branch of the Banco Occidental de México, dating from July 1915. Luis H. y Hoyos was the manager of the branch.

  Series Date on note from to total
25c A 3 July 1915         includes numbers 132 to 339
23 July 1915         includes numbers 705CNBanxico #10246 to 713CNBanxico #160
50c  B 3 July 1915         includes numbers 104 to 184CNBanxico #10247
23 July 1915         includes numbers 282 to 396CNBanxico #161
$1  C 23 July 1915         includes number 90 to 335CNBanxico #162


They have the hand signatures of [               ][identification needed] as Contador Cajero and J. Anuya as Sub-Contador and on the reverse have revenue stamps and the legend “Este Cheque será pagado conforme a las disposiciones del Código de Comercio”.

  sig Contador
J. Anuya sig Anaya