Huertista notes of the Tesorería General

In 1920 Crispín Espinosa produced the third volume of his Efemérides Guanajuantenses, which gave a day-to-day account of events in Guanajuato from 1911 until 1920. In this he detailed some history of the paper money that was issued in the city to complement the various issues of the competing Villista and Carrancista factions.

By late 1913 the Huerta government still held Guanajuato but because of the shortage of small change and difficulties with bank notes on 25 December the interim governor José de Jesús Peña authorized the General Treasury of the State (Tesorería General) to issue 25,000 pesos in 50c and $1 notes (bonos)Periódico Oficial, Tomo LXV, Núm. 52, 28 December 1913.

The bonos would carry the signature of the Tesorero General and visto bueno of the Administrador General de Rentas: the 50c would have a green face and red reverse, and the $1 a brown (café claro) face and pale blue reverse, and have a red Administración General de Rentas seal in the centre, and black arms of the city and text. They were to be of voluntary acceptance, except that public offices had to take them in payment of taxes or other debts. The Treasury also had to exchange them for notes of forced circulation when requested.

These were produced in booklets and so had one perforated edge and were signed by Administrator General de Rentas,[ ], and Treasurer, Manuel Camacho.

     
They began to circulate on Sunday, 11 January 1914El Observador, Guanajuato, Año X, Núm. 812, 15 January 1914.

However, the shortage of small change continued, so on 5 March 1914 the current interim governor, General Rómulo Cuéllar, authorized a further 100,000 pesos in notes of 25c, 50c and $1, in a similar formatPeriódico Oficial, Tomo LXVI, Núm. 21, 12 March 1914; El Observador, Guanajuato, Año X, Núm. 838, 15 March 1914. These were printed by the Mining Journal Press, of Mexico City.
 


In summary:

Date   Series from to total
number
total
value
 
December 1913 50c           includes number 04158
$1           includes numbers 01625 to 06961CNBanxico #11009
March 1914 25c           includes numbers 3341 to 130273CNBanxico #11010
50c           includes numbers 9155CNBanxico #11011 to 19288
$1           includes numbers 1695CNBanxico #4129 to 12081CNBanxico #11012

 

A local newspaper reported the appearance of the 50c notes on 23 April 1914El Observador, Guanajuato, Año X, Núm. 848, 23 April 1914. However, by July the majority of businesses, especially grocers, were refusing to accept the bonos, hurting in particular the poorEl Observador, Guanajuato, Año X, Núm. 865, 2 July 1914. The reason for refusing was the traditional lack of changeEl Observador, Guanajuato, Año X, Núm. 866, 5 July 1914.

The notes will have lost any value when the revolutionary forces took Guanajuato on 29 July 1914.