Banco de la Laguna drawn on the Banco de Londres y México

Laguna on Londres 10 reverse

A report dated 31 August 1914AMS, fondo Presidencia Municipal, caja 157/1, legajo 34, exp. 7 gives the following details:

Date on note Denom Series from to total
number
 total
value
 
7 October 1913 $5 A 1 10000 10,000 $50,000 includes numbers 1041 to 6559CNBanxico #10181
$10 A 1 3000 3,000 30,000 includes numbers 2558 to 4854CNBanxico #10182
$20 A 1 7000 1,000 20,000 includes numbers 1308 to 3411CNBanxico #10184
          $100,000  

 

According to a newspaper article thirty years later the Banco de la Laguna issued $100,000 in cheques drawn on the Banco de Londres y México but this proved insufficient and they resorted to issuing more. The same article later mentions $149,990El Siglo de Torreón,11 October 1943.

In June 1917 Lázaro de la Garza still had $10,000 in Banco de la Laguna bank-on-bank notesHe did not specify on which bank they were drawn. in the Rio Grande Bank & Trust and wanted to sell. He asked Raymundo Navarro who was in El Paso what was the best price he could getLG papers, 6-I-43, telegram L. de la Garza, Los Angeles, to Navarro, El Paso, 4 June 1917. Navarro replied that they were priced at 30c, but with no buyersLG papers, 6-I-45, telegram Navarro, El Paso to L. de la Garza, Los Angeles, 6 June 1917 though a few days earlier they had stood at 35cLG papers, 6-I-54, letter Navarro, El Paso to L. de la Garza, Los Angeles, 6 June 1917. De la Garza was still trying to sell them six months laterLG papers, 6-J-52, letter L. de la Garza, New York, to Navarro, El Paso, 21 December 1917. Navarro could not find a buyerLG papers, 6-J-53, telegram Navarro, El Paso to L. de la Garza, New York, 27 December 1917 but de la Garza found one in New York and the notes were sent to him there on 27 DecemberLG papers, 6-J-54, telegram de la Garza, New York, to Navarro, El Paso, 28 December 1917: 6-J-55, telegram. Navarro, El Paso, to L. de la Garza, New York. 28 December 1917.