Gobierno Provisional de México Mexico $50 notes

These were Series E and dated 20 October 1914. They has imprint 'MEXICO OFICINA DEL GOBIERNO', title 'EL S. S. ENCARGADO DE LA SRIA. DE HACIENDA, and underprint Type 1. The earliest notes (1 - 200000) had the signature of José Reynoso.

Some notes were revalidated in accordance with the Convention's decree of 17 December 1914 with the legend 'REVALIDADO / por decreto de 17 de diciembre de 1914' on the face and a red round 'E.U. MEXICANOS - TESORERIA GENERAL DE LA FEDERACION'  on the reverse.

Later notes (200001 plus) for some reason had the signature of Carlos Esquerro. These will have been overprinted with the revalidation before issue.

We have correspondence that shows that $50 notes were produced at a press in Jojutla, MorelosJojutla is 55 kilometres southwest of Yecapixtla, which suggests they might be references to the same operation but Yecapixtla notes are universally condemned as substandard whilst the $50 revalidated Gobierno Provisional de México notes (if these are the notes in question) are of good quality. On 28 August 1915 the President Francisco Lagos Chazado asked Emiliano Zapata to nominate someone to oversee the production of notes, with half going to pay forces in Morelos and the other to forces other than the Ejercitó Libertador del SurAGN, Fondo Emiliano Zapata, caja 15, exp. 19, f. 44-45 telegram Lagos Chazado, Toluca, to Zapata, Tlaltizapán, 28 August 1915. On 13 November, in response to a request from Zapata, the Ministro de Hacienda ordered the Oficina Impresora of Jojutla immediately to print $100,000 in $50 notes and to advise Zapata when they were readyAGN, Fondo Emiliano Zapata, caja 16, exp. 3, f. 36 telegram J. R. Ahedo to Zapata, Tlaltizapán, 13 November 1915.

Two days later the Dirección (General de Telégrafos Nacionales?) complained that the Tesorería de la Nación had sent part of its consignment in $50 notes. As businesses were refusing these it was impossible to change them and at least one peon had died from starvation with a $50 note in his handsAGN, Fondo Emiliano Zapata, caja 16, exp. 3, f. 46 telegram to Zapata, Cuernavaca 15 November 1915. Thereafter there were constant complaints from commanders about high value ($20 and $50) notes.

In mid November Coronel Joaquín M. Cruz was appointed interventor for the Oficina Impresora de Billetes in JojutlaAGN, Fondo Emiliano Zapata, caja 16, exp. 4, f. 16 Luis Zubitía y Campa, Cuernavaca to Zapata, Yautepec, 17 November 1915.

Date of issue Date on note Series from to total
number
total
value
 
19 October 1914The Mexican Herald, 20 October 1914 20 October 1914   E  1   200,000 $10,000,000 with Reynoso signature
Convention, acknowledged by Carranza
oval Secretaría seal on reverse
includes number 19109CNBanxico #3229
      oval Secretaría seal on reverse, round stamp on reverse
includes number 71812CNBanxico #10752
    200000 oval Secretaría seal on reverse
includes numbers 101218CNBanxico #3230 to 151734CNBanxico #3893
  200001 208000
200,000
10,000,000 with Esquerro signature
Convention
REVALIDADO on face, oval Secretaría seal and round TESORERIA stamp on reverse
includes numbers 203628CNBanxico #3271 to 207562CNBanxico #3275
  208001 400000 REVALIDADO on face, dark oval Secretaría seal and dark round TESORERIA stamp on reverse
includes numbers 208004CNBanxico #3255 to 350804CNBanxico #3244
  400001       includes numbers 484689CNBanxico #3249 to 528321CNBanxico #3257

 

Some notes are known which missed the black overprinting of the series letter and signaturesFor examples see 135030 (CNBanxico #3895), 149725 (CNBanxico #3894), 156079 (CNBanxico #3279).

On 15 May 1916 a large quantity of $50 notes that had never left the Oficina Impresora del Timbre were burnt in the Oficina in the presence of Rafael Nieto, Nicédora Zambrano, Alberto J. Pani and other dignitaries. There were 194 packets of 500 sheets of four notes each, and a packet of 347 sheets of four notes each, a total of 389,388 notes with a value of $19,469,400. It is not known whether these were Mexico City or Veracruz, or whether they has already been numberedEl Demócrata, Tomo III, Núm. 524, 16 May 1916.