El Banco Mexicano de Comercio é Industria

These are not strictly paper money but, like the bonos de caja of other bancos refaccionarios, are included in the major catalogues.

The Deutsche Bank was founded in Berlin, Germany in 1870. In 1890 it founded a subsidiary, the Deutsche Überseeische Bank (Banco Alemán Transatlántico), which had twenty-two branches, including one in Mexico City. In 1906 this branch was converted into the Banco Mexicano de Comercio é Industria. Deutsche Überseeische Bank and Deutsche Bank remained shareholders in the new bank until their stocks were confiscated by the US government during the First World War.

The board of directors was composed of Pablo Macedo, vice president of the Banco Nacional de México; Guillermo de Landa y Escandon, governor of the Federal District^{Guillermo de Landa y Escandón was born on 2 May 1842 in Mexico City. As well as a director of Banco Mexicano de Comercio e Industria, he was president of the Almacenes Generales de Depósito de México y Veracruz, director of various railway companies (Ferrocarril Nacional de México, Compañía del Ferrocarril Internacional de México, Compañía del Ferrocarril Mexicano del Noroeste, and Ferrocarril Pamamericano,) vicepresident of the Santa Gertrudis yute factory, president of the Compañía Mexicana de Petróleo El Aguila, and manager of the Dos Estrellas mining company. In politics he was a member of the Científicos and served as governor of the Federal District from 3 January 1903 until 3 May 1911.
He died in Cannes, France on 1 March 1927}; E. N. Brown, president of the National Lines of Mexico; Hugo Scherer, Jr.; Ernesto Otto, of Sommer, Hermann and company; Rodolfo Stoeker, of Gustavo Struck and company; Franz Boker, of Roberto Boker and company; Oscar Braniff; J. B. Body, director of Pearson and company; and Martin G. Ribon, all of Mexico City, and James Speyer, head of Speyer and company; H. Clay Pierce, chairman of the board of the Mexican Central, and Jacob Langeloth, president of the American Metal company of New York^{The Mexican Herald, Vol. XXII, No. 148, 27 July 1906}. James Walker, an American, was named as general manager^ibid.. Luis Uhink was one of the two comisarios^{The Mexican Herald, 30 August 1906}.

The bank decided in late 1906 to issue bonos de caja and contacted the American Bank Note Company^{ABNC, folder 161, Banco Mexicano de Comercio é Industria (1907-1932)}. The ABNC sent proofs for a $1,000 face and $100 back on 6 March 1907 and these were approved on 18 March. On 20 March the bank ordered 2,000 bonos of each of three denominations: $100, $500 and $1,000^ibid.. However, probably because of a delay in getting agreement from the Secretaria de Hacienda, approval was not given until 20 June, and even then the bank had yet to receive any reply from the Secretaría de Hacienda^ibid..

The 6,000 bonos were dispatched on 17 August 1907 and received by 12 September 1907^ibid..

M291 $100 Banco Mexicano de Comercio é Industria specimen

M292 $500 Banco Mexicano de Comercio é Industria specimen

M293 $1,000 Banco Mexicano de Comercio é Industria specimen

Although the bank had expressed frustration at the time taken to produce the bonos, it seems that they never used them, as they do not appear in the bank’s balance sheets.

In October 1910 the Banco Mexicano de Comercio é Industria moved into a beautiful new building at Nos 46 and 48, 2a calle de Capuchinas. The board was composed of Pablo Macedo, president; Rodolfo Stoexker, vice-president, J. B. Body, Franz Boker, Oscar J. Braniff, E. N. Brown , Governor Guillermo de Landa y Escandon, Ernesto Otto, M. G. Ribon and Hugo Scherer, Jr,  directors. E. S. A. de Lima was managing director; Albert Fricke, manager; George Edwards, accountant; D, C, Schulze, cashier; Miguel S. Macedo, legal advisor and secretary; José Ignacio Icaza, interventor; Luis Uhink and H. P. Sturt, comisarios. ^{The Mexican Herald, 18 October 1910}.

The American Bank Note Company cancelled the six plates used in printing these bonds on 25 August 1932^ibid..