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Commercial concerns

Hidalgo commercialWe know of various notes issued by local businesses.


Zacualtipán is 100 kilometres north of Pachuca.

Mexican Paper Money lists a "10 centavos. Gold, black and red on gray pastebord. 32 x 66 cm."[image needed]. Dick Long in his November 1974 auction says that the reverse has a rubber-stamped seal and the legend " ... los Sres. Elías Rivera, Federico Cordova, Elías Hernández, y Tomás Rueda ...".

La Benefactora

“La Benefactora” issued a vale for 20c, dated 24 May 1914 with the printed signatures of Ramón Rueda as Responsable and Ruben Ramírez as Interventor. Ramón Rueda was presidente municipal in 1911 and again in 1915-1917.

  from to total
20c         includes number 110


The text on the reverse reads ‘La casa comercial cuyo nombre aparece en el anverso, pagará en esta población a la presentación de este en unión de otros vales emitidos por la misma Casa, que sumen la cantidad de cinco pesos, el valor que indica el presente’ so this was one of a uniform series issued by different casas comerciales.

Tula de Allende

La Tolteca Compañía de Cemento Portland

This cement factory at San Marcos, Tula, was established in 1910 by some Americans who a short time later sold it to a British multinational.

Among the archives that were thrown into landfill by the new owners of the American Bank Note Company was correspondence from 1913-1914 on notes for the La Tolteca Compañía de Cemento PortlandABNC, 40238.00. This might have been for a proposed (and possibly effected) issue of notes, to be used to pay workers and suppliers, during the Revolution.


In his August 1915 report on local issues to the Secretaría de Gobernación in Veracruz, Arturo Lazo de la Vega records that certain casas comerciales had made small issue of 5c and 10c notes, but when told to stop had done soAGN, Fondo Gobernación Periodo Revolucionario, caja 93, exp. 36, folletos 8 Secretario general L. de la Vega to [    ], Pachuca, 20 August 1915.

"La Floresta"

La Floresta

La Floresta 10c reverse

  from to total
10c         includes number 404CNBanxico #


La Floresta made and sold ice and fizzy drinks. It was owned by the Spaniards, Gonzalo Zapata and María Guadalupe CházaroEl Heraldo, Pachuca, 17 May 1908. In 1917 Zapata founded (or refounded) the local Chamber of Commerce.

Zapata issued a 10c note dated 1 April 1915 with the rather convoluted legend “devolverá al portador la suma de 10 CTS en moneda corriente, en cambio de esta contraseña

Cía. de Transmisión Eléctrica de Potencia del Estado de Hidalgo, S. A.

Transmision 1

Transmision 1 reverse

  date on note from to total
$1 8 May 1915         includes number 412
26 June 1915         includes number 1940CNBanxico #11258
3 July 1915         includes number 2049


A $1 note similar to the ones issued by the Negociación Minera Hacienda Grande, Purísima y Minas de Guadalupe y Anexas and from the same Pachuca printers, the Tipografía El Buen Tono. These were redeemable in the company's office in the rather high amount of $50 or multiples.

These have the facsimile signature of the manager. Kennet J. Girdwood.

Kennet J. Girdwood was an electrical engineer who was working in mining in El Oro by March 1905The Mexican Herald, 10 March 1905; The Mexican Herald, 15 December 1907 until 1910The Mexican Herald, 24 August 1910. By 1911 he had moved to PachucaThe Mexican Herald, 7 March 1911. sig Girdwood


La Compañía de Luz, Fuerza y Ferrocarriles de Pachuca

The Compañía de Luz, Fuerza y Ferrocarriles de Pachuca operated 21 miles (34 kilometres) of tram and railway track around Pachuca, including lines to Santa Gertrudis and Real del Monte to the east, and to San Rafael to the north.

In his August 1915 report on local issues to the Secretaría de Gobernación in Veracruz, Arturo Lazo de la Vega records that on 22 May 1915 governor General Alfredo J. Machuca agreed to a request from the Compañía de Luz, Fuerza y Ferrocarriles de Pachuca, S.A to issue 5c vales to help with making change on their streetcarsAGN, Fondo Gobernación Periodo Revolucionario, caja 93, exp. 36, folletos 8 Secretario general L. de la Vega to [    ], Pachuca, 20 August 1915.

Luz 5c reverse

  from to total
5c         includes number 0382CNBanxico #4428 to 2179


This vale has the facsimile signature of Teodoro Brandenburg as Manager (Gerente) and the date handstamped on the back.

Teodoro Brandenburg was manager by May 1910La Patria, 10 May 1910 and in that year served as president of the Casino of PachucaThe Mexican Herald, 28 January 1910.

In August 1926 he was the liquidator for the Compañía de Luz, Fuerzas y Ferrocarilles de Pachuca, S. A.Diario Oficial, Tomo XXXVII, Núm. 47, 24 August 1926 but stayed involved in developing railways. On 17 August 1931 he was named liquidator of the Compañía Manufacturera de Cemento Portland (“La Cruz Azul”) S.A. but the government intervened and arranged for the company to turn into a co-operative.

sig Luz Pachuca


The number ‘3’ suggests that the vales were issued in uncut strips of [  ], with a common serial number (the examples in the Banco de México collection have serial numbers 0382 (5) and 1693 (6)).

In response to de la Vega’s report, on 9 September the Secretaría de Gobernación replied that the government should ascertain the size of the issue, ensure the company makes a deposit in the Tesorería General and, above all, fix a period for withdrawing this issueAGN, Fondo Gobernación Periodo Revolucionario, caja 93, exp. 36, folletos 8.

On 27 November 1915 it was reported that these notes, along with other issues, were being exchanged in the offices of the Tesorería for the currency issued by the local government, as approved by CarranzaEl Pueblo, Año II, Tomo II, Núm. 397, 29 November 1915.

So these vales will have been in use for a very limited period.

Ferrería de Apulco

Ferrería de Apulco is a town in the municipality of Metepec.

Jesús Martínez

Ferrera 5c

Ferrera 5c reverse

Ferrera 10c

Ferrera 20c

The 10c note has the date 14 February 1915.


Tulancingo is the second-largest city in the state, about 50 kilometres east of Pachuca.

Al Bazar Universal

The Bazar Universal of G. de la Concha y Compañía, Sucesores issued a variety of notes. The Bazar Universal was founded by the brothers Lorenzo and Juan Vizay(?) in [   ] and located in 1914 in the Plaza de la Constitución and Cuahutemoc.

  series date on note from to total
5c A 6 April 1915         includes number 1521
10c E            
20c D 17 April 1915         includes numbers 559 to 3758CNBanxico #4436
J  6 [        ] 1915         includes numbers 8480 to 9941CNBanxico #4437{/footnote 
K           includes number 435[ ]


"La Soledad"

La Soledad, of Manuel de la Concha é hijo, was a clothing factory, situated at 4ª. de Zaragoza 31.

Soledad 1

Soledad 1 reverse

  Series Date on note from to total
$1 A 1 June 1915         includes numbers 334 to 1003datestamped 21 August 1915
C           includes number 184datestamped 13 September 1915


The text reads 'VALE al portador por la cantidad de UN PESO, valor de trabajo hecho en favor de ésta fábrica, y que pagará la misma en billetes del curso legal en union de otros vales que sumen diez pesos ó sus múltiples'.

The Series A note has the printed date of 1 June 1915. The Series C note has an extra line printed at the bottom setting a time limit of three months.

La Soledad 1 C 184

The notes are signed by the paymaster (rayador) P. Oliver and M. de la Concha [   ].

P. Oliver sig Oliver

The elder Manuel de la Concha was the son of Martín de la Concha, who arrived in Mexico in the second half of the nineteenth century (probably between 1850 and 1870). Martín had twelve children, including Gorgonio, who became one of the most important businessmen in Tulancingo, and Manuel, who achieved slightly less prominence.

Manuel married Soledad Ponce and had two children, Manuel and Esperanza. They lived in the house built by his father on the corner of calles Juárez and Zaragoza, which today is the Colonial Hotel, one of the few preserved buildings from the beginning of the century that exist in Tulancingo.

Manuel de la Concha Ponce lived to be seventy-six years old.

sig de la Concha


For Julio Hernández in Honey see the entry in Puebla.