El Descuento Español and el Banco Español Refaccionario
The bonos de caja of the Banco Español Refaccionario are not strictly paper money, as can be seen by the attached coupons, but are included in the major catalogues
The Descuento Español
The Descuento Español was formed on 17 May 1904 with a capital of $3,000,000, subscribed by 23 capitalists .
| shareholding | ||
| City of Puebla | 19,200 | |
| Manuel Rivero Collada | 1,700 | |
| Agustín de la Hidalga | 1,700 | |
| José Villar Parás | 1,700 | |
| Angel Solana Alonso | 1,700 | |
| Vicente Gutiérrez Palacios | 1,700 | |
| Alberto de la Fuente Cabrales | 1,700 | |
| Angel Díaz Rubín | 1,700 | |
| Ignacio Rivero Moctezuma | 1,700 | |
| Joaquín G. Pacheco | 800 | |
| Francisco M. Conde | 800 | |
| Santiago Aréchaga | 800 | |
| Ignacio Morales y Benítez | 800 | |
| Egidio Sánchez Gavito | 600 | |
| Ramón Gavito Noriega | 600 | |
| José Antonio Quijano | 600 | |
| José María Zunzunegui | 600 | |
| City of Oaxaca | 5,100 | |
| Jacobo Lucas Grandison | 1,700 | |
| José Zorrilla Tejada | 1,700 | |
| Enrique Zorrilla Tejada | 1,700 | |
| Mexico City | 5,100 | |
| Martín Jacoby | 1,700 | |
| Francisco Martínez Arauna | 1,700 | |
| Francisco Sordo Pedegral | 1,700 | |
| Bilbao, Spain | 600 | |
| Santos Díaz Rubín | 600 | |
| 30,000 | ||
At the first meeting Manuel Rivero Collada was elected president; Agustín de la Hidalga, vicepresident; Enrique Zorrilla, Angel Solana, A, Díaz Rubín, Martín Jacoby and F. Sordo Pedregal consejeros propietarios; Jacobo L. Grandison, F. Martínez Arauna, Alberto de la Fuente, José Villar, Vicente Gutiérrez Palacios consejeros suplentes; Ignacio Rivero, Comisario propieataro; José Zorrilla, comisario suplente; F. Sordo Pedregal, gerente; E. del Valle, cajero and M. Suárez, contador.
In 1906 its capital increased to $9,000,000 (greater than the Banco Oriental’s $6,000,000).
The Banco Español Refaccionario
The Banco Español Refaccionario in Puebla was the sixth of the mortgage banks (bancos refaccionarios) authorised by the 1897 Ley General de Instituciones de Crédito. Its founders were mainly shareholders in the local Banco Oriental de México and were granted their concession on 4 October 1911 with the bank capitalized at $2m ($1m paid). The Banco Español Refaccionario opened its head offices in Puebla (on the top floor of the Banco Oriental) and its first branch in Mexico City (in the premises of the Descuento Español at 2a calle de San Agustín no. 34) in January 1912.
It ordered bonos de caja from the American Bank Note Company.
