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Guanajuato Reduction and Mines Company

The Guanajuato Reduction and Mines Company was a United States corporation organized in 1904 under a Colorado charter. Four of its directors were likewise directors of the Guanajuato Electric Power company, which had its plant at Zamora. The chief, if not the sole, inducement for the establishment of the power plant wast to provide power for the Guanajuato Reduction and Mines Company to exploit some of the old abandoned mines around Guanajuato and treat the colossal dumps, which were the accumulation of almost 360 years of fairly constant workingThe Mexican Herald, 2 September 1904; The Mexican Herald, 5 September 1904.

These were issued in accordance with the authorization of 8 August 1914. Known notes are 50c, $1, and $2.

  Series from to total
number
total
value
 
5c A          
10c B          
25c C          
50c D         includes number 5263
$1 E         includes numbers 8343
$2 F 00001       includes numbers 00460CNBanxico #4136 to 7669CNBanxico #11056
$5 G          
$10 H          
          $65,000  

   
The notes have the following printed or handsigned signatures.

P. Aguilar  
[identification needed] sig Reduction gerente
M. E. Mora sig Mora

 

The notes were a temporary measure and on 28 October 1914 the companies issued a notice that they were to be redeemed in their respective offices, giving people five days in which to hand in any notesCrispín Espinosa, Efemérides Guanajuatenses.

This must have brought to light some counterfeiting as on 29 October the local paper, El Observador, reported false Guanajuato Reduction & Mines Company notes. These could be identified as they were poorly printed, on coarse paper; they lacked the second serial number next to the signature and in the datestamp the letters ‘The Guanajuato Reduction & Mines Co’ were almost the same size as the initial capitals and the ‘&’ sign was rough and almost crossed the edge (Los bonos falsificados tienen una impresión burda, mal impresa, como de letra gastada, en papel áspero; les falta abajo, junto a las firmas, la letra repetida de la serie, que tienen los buenos; los números rojos están como expensados: y en el renglón superior del sello, en los de “The Guanajuato Reduction & Mines Co,” las minúsculas tienen casi igual tamaño que las mayúsculas iniciales de cada palabra, y el signo de etcétera es de forma tosca y casi atravesado al renglón) El Observador, Guanajuato, Año XI, Núm. 894, 29 October 1914 and Núm. 895, 1 November 1914.

On 5 November it was reported that the presidente municipal of Mineral de la Luz, Capitán 2o Tranquilino Martínez, had sent an individual called Francisco Tinoco to the state capital, accused of having counterfeited mining notes (bonos mineros)El Observador, Guanajuato, Año XI, Núm. 896,  5 November 1914.