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Private issues

Coahuila privates

The private issue from Coahuila mainly come from the prosperous región of the Comarca Lagunera around Torreón and either from the period when communications with the rest of the country were disrupted (late 1913 to early 1914) or late 1915. Many are from haciendas and would have been used to pay the workers when currency was unobtainable.

On 28 September 1915 Alvaro Obregón wrote to Carranza in Veracruz from San Pedro de las Colonias, asking him to send one, two and five pesos notes to relieve the lack of change. A group of hacendados had complained about the difficulties caused by the lack of funds and suppression of the Villista currency. Obregón had lent them $250,000 to make their payrolls but felt four million pesos would be needed for the whole of the Comarca. The next day Carranza replied that he had already sent $1,500,000 and would send more. In the meantime Obregón could authorize solvent local hacendados to issue bonos for the amount that he mentionedABarragán, caja III, exp. 28.

Given the close connection between Torreón and Lerdo and the city of Gómez Palacio, across the state border in Durango, these notes should be studied alongside the private issues of that other state.


J. Martinez

 Zaragoza 50c

Two values, dated March and May 1914, are known. On the reverse of the 25c note is an illegible seal, embossed city and state name and the hand signature of J. MartínezRichard A Long, Mail Auction Sale, July 28, 1975.


José E. González

  date on note from to total
25c 5 March 1914         includes number 242


A 25c note dated 1 March 1914. This could well be a municipal issue, with José E. González the [          ] and the building one on the main square, which was functioning as a school in 1905 and since 1984 has housed the Museo Histórico de Múzquiz.

Sierra del Perdido

Rancho "El Salvador"

A nontransferable token for 10c, issued by the “El Salvador” sotolSotol is the Spanish name for the Desert Spoon, a plant that grows in northern Mexico, New Mexico and west Texas and is used to produce a distilled spirit, also called sotol, in a similar manner to the more common mezcals. Sotol was a popular drink amongst ranchers and miners. The first viñata (vineyard) de sotol was established in Parras de la Fuente in 1908. ranch that could be exchanged for goods or cash in the casa Paulino Decannini.

The senior Paulino Decannini was born in Lucca, Italy in 1868. He worked in Coahuila as accountant for the Compañía Minera Peñoles, and married Angelina Flores Serna, with whom he had seven childrenPaulino, Cesar, Oscar, Dante, Horacio, Angelina and Urania including another Paulino. He died in 1940.

Sierra Mojada

Mina “La Encantada”

Ragaz 10 cheque

This is a cheque, made out to the bearer, for $10, dated 3 May 1913.

Ragaz 5

Ragaz 10

  date on note to from total
$5 10 June 1913         includes numbers 206CNBanxico #10213 to 325
$10 31 May 1913         includes number 118


These typewritten notes, to the bearer and at sight, were issued by Ivan Ragas (or Ragaz) in mid 1913. Ragaz was a mining engineer from Andeer, Switzerland. In 1903 he had been superintendent of the Sierra Mojada mines in Coahuila and the Santa Eulalia mines near Chihuahua for the Guggenheims, but then took over the management of the operating department of the Stilwell mining interests, headquartered in Chihuahua CityEl Paso Daily Herald, 28 April 1903.

All are signed by Paul Sieger.


On 12 November 1913 the Mexican Herald reported that the stores in Torreón were open and doing business as well as could be expected under the trying circumstances that prevailed there, and that in the cotton plantations in the Laguna district picking was going on though, as the planters would not be able to market their cotton, they would be obliged to store it until the railroads re-opened. The greatest difficulty that the merchants and planters had to contend with was the scarcity of money. The rebels had not issued any fiat money, as they had done in Durango, but a number of the large planters were paying their employees in vales, which were accepted by the merchants of Torreón and surrounding towns. When a merchant had accumulated a number of these vales, amounting to about $100, he turned them over to the planter who had issued them and received a draft for the amount. The plan, so far, was worked well with the vales passing as currency and not being discountedThe Mexican Herald, 19th year, no. 6647, 12 November 1913.

In late February 1914 the Jefe Politico of Torreón, Silvestre Dorador, prohibited companies from issuing paper money or tarjetas de valor. He gave them 15 days to withdraw or issues or face punishment under the law¡Patria Libre!, Tomo II, Núm. 20, 17 February 1914. Ironically, Dorador was a printer and so might have produced some of these vales.

Hacienda La Concha

  from to total
$1         includes number 571


The hacienda “La Concha”María Vargas-Lobsinger, La hacienda La Concha. Una empresa algodonera de La Laguna, 1883-1917, Universidad Nacional Autónoma de México, Mexico, 1984 was the oldest ranch in Torreón, owned by Carlos González. It was one of the haciendas confiscated by the Villista authorities who needed the revenue generated by cotton to pay for their administration. In 29 October 1914 Lázaro de la Garza was nominally in charge but he wrote to Villa asking him to nominate someone else as administrator as de la Garza had too much else on his handsLG papers, 1-I-18: Letter from L. de la Garza, Chihuahua, to Villa, Zacatecas. 29 October 1914.

This $1 note is signed by the paymaster (Pagador), Guadalupe J. Paz.

Manuel de la Fuente y Cia.

  from to total
50c         includes number 3782


Manuel de la Fuente y Cia leased the Hacienda de Hornos, in the municipality of Viesca, just outside Torreón, from 1904. These 50c and $1 vales were to be redeemed in banknotes, cheques or giros in the firm’s offices at Avenida Matamoros 421, Torreón.

Casino de la Laguna

  series from to total
50c A         includes number 469


On 9 December 1907 a newly-formed company, Casino de la Laguna S.A., agreed to buy the land for the construction of a casino from the local council, and it was opened on 15 September 1910, during the celebrations for the centenary of Mexican independence. It was the site of the meeting in October 1913 when the victorious Villa demanded a forced loan from the principal businesses.

Agricultores de la Comarca Lagunera

By early 1914 some of the cotton plantations in the region had been abandoned and irrigation systems neglected so Eugenio Aguirre Benavides, who had been Presidente Municipal of Torreón in 1912, in his capacity as a General Brigadier and Jefe de Armas in Torreón, in May set up the Comisión de Agricultura de La Laguna, to resuscitate ranches, restore the irrigation and offer financial help. The Comisión was formed on 31 May 1914 with the leaseholders Miguel Torres, Manuel del Real Alfaro, Eduardo Gómez and Jesús R. Ríos, and operated under the auspices of the Villista administration in Chihuahua. On 30 March the Comisión confiscated the haciendas leased by Miguel Trad, namely Nazareno y anexas, Sombreretillo y anexas, El Refugio, La Trinidad, Codornices and Juan Eugenio.

On 11 October 1915 the Carrancista military authorities instituted the Comisión Algodonera de la Laguna, formed of Pedro Ramírez, Carlos B. Prieto and Federico Compeán, with the aim of buying the cotton harvest for the government and also created the Comisión Interventora de la Laguna (Rafael Manzo, Mauro Uribe, Alfonso R. Sotomayor and Jesús R. Ríos, who had been a member of the Villista Comisión de Agricultura) to confiscate the goods of those who had collaborated with Villa and to deal with properties that had already been intervenedManuel Plana, “La Cuestión Agraria en la Laguna durante la Revolución”, in Historia Mexicana, vol. 50, no. 1 (Jul - Sep 2000).

In October 1915 the Secretaría de Hacienda, with Carranza’s agreement, authorized the main merchants and harvesters of Torreón to issue vales for fifteen million pesos, guaranteed with the product of their crops, whose value was estimated at thirty million pesos. This was done to obviate the difficult economic conditions in which the Comarca Lagunera found itselfEl Pueblo, Veracruz, 9 October 1915.

According to its text this $5 bono was issued in October 1915 by the Comisión named by the local growers, in accordance with an authorization from the Cuartel General of the Ejército Constitucionalista.

The Continental Mexican Rubber Company

On 24 January 1916 the Continental Mexican Rubber Company asked Ramón Méndez, the Presidente Municipal, for permission to issue a series of cartoncillos. This was agreed on the following conditions:
(1) there should be no more that $25 to $30 a week, redeemable within fifteen days and solely for use within the company
(2) Any worker could redeem them in quantities of one peso or more. Redemption would be in legal tenderAMTor, Copiador de Presidencia Municipal 2, pagina 32.


Hacienda de Andalucia

Andalucia 1

Andalucia 1 reverse

A $1 note, redeemable in cash when presented in multiples of five pesos.

This hacienda was situated in the municipio of Matamoros. It was owned by Rufino Torres or his heirsinformation from Oscar Treviño Cardenas, president of the Sociedad Numismática de la Comarca Lagunera.

Hacienda de AndaluciaIn 1905 this business, then owned by Sucesores de Tomás Rodríguez and leased by Eugenio Gorozave, comprised more than one hundred lots of land of the so-called "Cuadro de Matamoros" distributed between the Santo Tomás, El Potrillo, Irlanda, Flor de Mayo, Celaya and San Miguel ranches and the hacienda itself. All the ranches, with the exception of Celaya and San Miguel, have their own irrigation channels, some derived from the channel of the main hacienda and others directly from the Rió Aguanaval. Their fertile lands produced cotton and all kinds of cereals, with a remarkable yieldDirectorio Comercial é Industrial de la Laguna 1905-1906, Torreón, Gómez Palacio, Lerdo, San Pedro, Viesca, Matamoros.