El Banco de Jalisco

On 26 July 1898 Ramón Alcázar, representing himself and a group of leading businessmen (Manuel, Justo and Francisco de Paula Fernández del Valle, Antonio Gas, José S. García, Manuel L. Corcuera, Fortoul Chapuy y Compañía, Francisco Martínez Negrete é hijos and Moreno Hermanos), signed an agreement with the Secretaría de Hacienda to establish a bank of issue in Guadalajara.

The first board consisted of Justo Fernández del Valle as Presidente, Francisco M. Martínez Negrete as Vicepresidente, José Lauro García as primer vocal, Manuel L. Corcuera as Segundo vocal and Antonio Gas as tercero vocalEl Popular, 26 June 1898. A more substantive board had been formed by November, with Justo Fernández del Valle also acting as manager until a definite appointment was madeEl Popular, Año II, Núm. 634, 8 October 1898. The full line-up was Vocales propietarios: Diego Moreno, Justo Fernández del Valle, Antonio Gas, José L. García and Manuel Corcuera; Vocales Suplentes: Manuel Fernández del Valle, Francisco Martínez Negrete and D. Luis Fortoúl; Comisarios: Francisco de P. Fernández del Valle and. Ramón Alcazar.

The bank opened for business on 28 November 1898La Voz de México, 29 November 1898: Semana Mercantil, 2 January 1899 in a building on the calle López CotillaLa Patria, 1 December 1898. At first the bank’s notes had difficulty circulating because the already-established branches of the Banco Nacional de México and Banco de Londres y México refused to accept themLa Patria, 28 December 1898{/foornote}.

On 15 November 1899 the board approved the establishment of a branch in TepicEl Contemporaneo, San Luis Potosí, 25 November 1899 and it was opened at the beginning of March 1900La Patria, 27 February 1900.

Bradbury Wilkinson issue

Jalisco 5 A 0476

Jalisco 10 A 20893

Jalisco 10 A 20893 reverse

Jalisco 20 specimen

Jalisco 50 00001

Jalisco 50 00001 reverse

Jalisco 100 A 01726

Jalisco 500 01000

Jalisco 1000 00040

The signatories are Diego Moreno and Justo Fernández del Valle as Presidente, Narcisco Miranda as Gerente, Salvador Velazco and C. Llaguno y del Hoyo as Cajero and Manuel Gómez Velasco as Interventor.

Presidente

Diego Moreno sig Moreno
Justo Fernández del Valle sig del Valle

 

Gerente

Narcisco Miranda  sig Miranda

 Cajero

Carlos Llaguno y del Hoyo  sig Hoya
Salvador Velazco  sig Velasco 
  sig Cajero e

 Interventor

Manuel Gómez Velasco was an employee of the Tesorería General de la FederaciónLa Patria, 1 December 1898. sig Interventor a

 

  Date on note Series from to Presidente Interventor Gerente Cajero  
$5 28 November 1898 A     Moreno Gómez Miranda Llaguno  
5 September 1900     Velasco known overprinted TEPIC COLIMA
$10 28 November 1898 A     Moreno Gómez Miranda Llaguno  
5 September 1900     Moreno Gómez Miranda Velasco known overprinted TEPIC (as illustrated)
    known overprinted TEPIC COLIMA
$20 20 May 1900 A     Moreno Gómez Miranda Llaguno  
$50 28 November 1898 A     Moreno Gómez Miranda Llaguno  
$100 1 March 1900 A     [  ] del Valle Gómez Miranda Llaguno  
$500                  
$1,000                  

 

In the beginning the notes had trouble being accepted. The two national banks, the Banco Nacional de México and the Banco de Londres y México, refused to accept them as did the railway. It was reported that someone who wanted to buy a ticket had to stay in Guadalajara as he only had Banco de Jalisco notesLa Voz de México, 28 December 1898: La Patria, 28 December 1898. In his first report the manager, Narciso Miranda, denied problemsLa Voz de México, 20 January 1899 but he might have been putting on a gloss.

Use during the Revolution

Jalisco 1 00001

Jalisco 1 00001 reverse

The Bradbury Wilkinson notes were ordered before the Ley General of 1897 prohibited the use of notes smaller than five pesos, so the two small denomination (50c and $1) were not put into circulation. They were used a decade and a half later when Huerta first modified the Ley General and then permitted the issue of 50c notes. At first sight it seems unlikely that the bank kept a stock of notes for over a quarter of a century and the quality of the paper and the red and green underprint suggests that the American Book & Printing Company used the old Bradbury, Wilkinson plates. However, the type used for the numbers and the fact that the reverses were printed in two tones favours the first proposition.

The $1 notes are dated 20 January 1914 and were put into circulation in the following weekThe Mexican Herald, 28 January 1914. The 50c notes are dated 1 May 1914.

Jalisco 50c 27363

Jalisco 50c 27363 reverse

Jalisco 1 22413

Jalisco 1 22413 reverse

Presidente

Aurelio González Hermosillo sig Hermosillo
E.  sig Presidente

Interventor

J. Prieto Rivas sig Interventor

Gerente

H. W. Bartníng sig Bartnung

Cajero

  sig Cajero e

 

  Date on note Series from to Presidente Interventor Gerente Cajero  
50c 1 May 1914       Hermosillo Rivas Bartning y  
$1 20 January 1914       e Rivas Bartning y