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La Sociedad Mutualista de Occidente

Sociedad Mutualista de Occidente

Apart from the United Sugar Companies issue no other private issues are known. However, the catalogues do include this constancia de pago from the Sociedad Mutualista de Occidente.

Sociedad Mutualista de Occidente 604

Sociedad Mutualista de Occidente 604 reverse

  date on note from to total
number
total
value
 
  1 October 1915          
  31 August 1916         includes number 604

 

The Sociedad Mutualista was founded on 16 September 1904 by Manual Bonilla to procure and promote benefits for its members. Bonilla was an activist against the Díaz regime. In January 1910 he established the Sinaloan Club Antireelectionista and then served as Madero’s Ministro de Comunicaciones and then Secretario de Fomento. According to the society's statutes to be a creditor it was necessary "... not to have been convicted at any time by the courts for an infamous crime"; to live honestly from their profession; to be a lover of the progress of work, of the arts and of democracy. Practice virtue and flee from gambling, drunkenness and usury. In addition to not having been expelled from this or other companies. Nationality does not matter and you must be in good health and of legal age.”

In 1911 the society's president was Ramón Saavedra Gómez; secretary Jesús M. Burgos and treasurer Amado A. Zazueta.

These constancias do not have a denomination, and the one illustrated shows that it was issued on 31 August 1916 and redeemed four days later, on 4 September 1916, so these were probably not negotiable and cannot be classified as paper currency.