Other issues during the revolution

In 1913 with the resumption of hostilities, the interruption to traffic and the increase in value of silver coins, many areas experienced a shortage of small change and various concerns issued fractional paper currency. Besides the vales issued around Parral  we know of the following:

Quong Wah Chong

We have an example of a note issued by Quong Wah Chong of Calle 12, Allende No. 251, Chihuahua

American Smelting and Refining Company

Another possible issuer was the American Smelting and Refining Company (ASARCO). ASARCO was owned by the Guggenheims and began its activities in the state in 1880 with the purchase of the Tecolotes mine. In 1905 it received a twenty year concession to establish a planta beneficiadora de metales and set up an ‘Anglo-American island’ at Avalos, just outside Chihuahua, on land donated by Luis Terrazas. The tienda de raya was run by Juan Terrazas, Luis’ son.

Once the revolution broke out this company found it necessary, in order to continue operating in certain areas, to provide food and clothing for its workers and even to issue its own scrip when the faction in control failed to provide a currency or when the money it printed became valuelessIsaac F. Marcossan, Metal Magic : The Story of the American Smelting and Refining Company, New York, 1949. ASARCO produced a $1 note in Aguascalientes in January 1914 and might have produced notes for its plant at AvalosIn June 1913 the smelter had been closed for some time but was hoping to re-open (Mexican Herald, 29 June 1913). The Mexican Herald reported, on 9 February 1914, that ASARCO had been obliged to issue vales where it had smelters in operation but in June 1914 Avalos was paying its employees in pesos fuertes del cuño mexicano (Almada, 4298).

Once the Chihuahuan rebels issued their own currency, they quickly moved to stamp out other issues. On 23 December 1913 Villa ordered that the vales issued by certain Mexican and foreign-owned businesses (casas comerciales mexicanas y extranjeras) since the beginning of the revolution should be exchanged for revolutionary paper currency. On 31 January 1914 the government set a new deadline of 5 February for exchange within the city of Chihuahua and 10 February outsidePeriódico Oficial, 1 February 1914. The notice refers specifically to mining scrip (vales de compañías mineras). Thereafter anyone in possession of such notes would be deemed a counterfeiter.