Bonos del Estado
During their histories many states were obliged to issue bonds to raise revenue or cover debts.
From 1873 the state of Tabasco issued a series of bonds that, if they were all of the same design as the 1889 notes, were in size similar to banknotes but should not be considered as "paper money" because although they were "al portador" and circulated they could ultimately only be used to pay dues.
On 31 January 1874 the Executive modified the 1873 law[text needed]. Among the provisions were that the bonds would be of first, second and third class, with the exception of the $1 bonds, which would be used for exchange for bonds of greater value. The second issue would be made as soon as Congress determined, and would include $1 bonds. The bonds would be accepted in payment of an eighth of any extraordinary tax or impost or in full payment of any tax up to 31 December 1872.
From the details of notes that were redeemed and incinerated in the 1907-1908 fiscal yearPeriódico Oficial, Tomo XXXIV, Núm. 20, 7 September 1912 we can reconstruct what appears in the following tables.
On 30 April 1873 the state issued
| clase | serie | letra | from | to | total number |
total value |
||
| $5 | 1 | 4 | D | |||||
| $10 | 3 | C | 1 | includes numbers 15 to 111 | ||||
| $25 | 2 | B | 1 | includes number 104 | ||||
| $50 | 1 | A | ||||||
| $5 | 2 | 4 | H | includes numbers 379 to 995 | ||||
| $10 | 3 | G | ||||||
| $25 | 2 | F | 1 | includes numbers 58 to 331 | ||||
| $50 | 1 | E | includes number 202 | |||||
| $5 | 3 | 4 | L | includes numbers 740 to 1200 | ||||
| $10 | 3 | K | ||||||
| $25 | 2 | J | includes numbers 458 to 460 | |||||
| $50 | 1 | I |
The second issue from 12 March 1873, was for $95,220Memoria sobre el estado de la administración pública de Tabasco presentada a la H. Legislatura por el Gobernador Constitucional C Simón Sarlat Nova, 8 December 1890.
On 2 February 1874 the government decreed[text needed] that the Treasury would return $12,935 in bonds of the first issue, second class to the Executive. These would be cancelled by the Treasury and the Executive would arrange for their incineration. The Executive would make an issue of $4,000 in $1 bonos. With these bonds, the governor, the treasurer, the general director of revenues and the secretary general of the state government could use [ ] (media firma de estampilla).
On 30 April 1874 the state issued
| clase | serie | letra | from | to | total number |
total value |
||
| $1 | 4,000 |
$ 4,000 |
||||||
| $10 | 2 | 4 | T | 440 | 4,400 | |||
| $25 | 3 | S | 500 | 12,500 | includes numbers 986 to 1284 | |||
| $50 | 2 | R | 340 | 17,000 | includes numbers 427 to 629 | |||
| $100 | 1 | Q | 170 | 17,000 |
On 30 April 1875
| clase | serie | letra | from | to | total number |
total value |
||
| $10 | 1 | 4 | P | 732 | $ 7,320 | includes numbers 562 to 1132 | ||
| $25 | 3 | O | 440 | 11,000 | includes numbers 560 to 595 | |||
| $50 | 2 | N | 220 | 11,000 | includes numbers 340 to 341 | |||
| $100 | 1 | M | 150 | 15,000 |
On 27 September 1889 Simón Sarlat, the governor, authorised the issue of $125,000 in bonds of five denominations of $1 to $50 to cover outstanding creditors, including previous 'bonos en circulación'Periódico Oficial, Tomo VI, Núm. 283, 28 September 1889.
| clase | serie | letra | from | to | total number |
total value |
||
| $1 | 5 | Z | 1 | 10000 | 10,000 | $ 10,000 | includes numbers 31 to 1492 | |
| $5 | 4 | X | 1 | 6000 | 6,000 | 30,000 | includes numbers 73 to 1261 | |
| $10 | 3 | W | 1 | 2500 | 2,500 | 25,000 | includes numbers 251 to 1547 | |
| $25 | 2 | V | 1 | 1600 | 1,600 | 40,000 | includes numbers 52 to 1302 | |
| $50 | 1 | U | 1 | 400 | 400 | 20,000 | includes numbers 15 to 202 | |
| $ 125,000 |
These were signed by Simón Sarlat as governor, Adolfo Castañares as Secretario General and Jaime Sastré as Tesorero General.
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He died in Mexico City on 14 April 1906. |
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Adolfo Castañares Castañares was a deputy in the local Congress in 1889 - 1891, and went on to be a senator for Tabasco for twenty years from 1890 to 1910. He died in Mexico City on 29 April 1910Periódico Oficial, Año XXVIII, Núm. 2085, 28 June 1910. |
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Jaime Sastré Jaime Sastré was Presidente of the San Juan Bautista town council in 1882La Voz de México, 27 February 1883. He was appointed a juez del ramo civil in October 1885El Siglo Diez y Nueve, 21 October 1885 and elected a deputy for the Tabasco legislature in August 1891El Siglo Diez y Nueve, 31 August 1891. In late June 1898 he resigned as Tesorero GeneralEl Tiempo, 28 June 1898 to be replaced by José Inés AlfaroEl Popular, 4 July 1898; El Tiempo, 13 July 1898. In January 1907 a Jaime Sastré (is this the same person?) was appointed manager of the Tapachula branch of the Banco de Chiapas in place of Roberto O. StevensonEl Tiempo, Año XXIV, Núm. 7871, 16 January 1907.and in February 1908 he moved to manage the Tehuacán branch of the Banco Oriental de MéxicoEl Diario, 8 February 1908. |
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Simón Sarlat Nova was born in San Juan Bautista on 13 December 1839. He studied medicine and served as a surgeon, as well as in public service. A progressive Liberal, he was vice governor between 1873 and 1874 and governor between 1877 and 1894. He also served as a senator for Tabasco from 1886 to 1890.
An audit revealed that on 30 June 1890 $68,762,47 was outstanding from issues up to the 1889 decree, and $71,931.00 from the 1889 issue. Of the latter $48,363 had been issued to redeem certificados issued by a Junta liquidataria of 1885, and $23,568 for certificados of the 1889 Junta.
Withdrawals
In the fiscal year to June 1888 the treasury amortised bonds to the value of $1,824; in the year ending June 1889 $3.030, and in the year ending June 1890 $11,912Memoria sobre el estado de la administración pública de Tabasco presentada a la H. Legislatura por el Gobernador Constitucional C Simón Sarlat Nova, 8 December 1890.
During the fiscal year of 1908-1909 the Tesorería, Administración General de Rentas and Receptorías redeemed and incinerated 354 bonds from the four issues totalling $7,449Periódico Oficial, Tomo XXXIV, Núm. 20, 7 September 1912.