Commercial issues from Zamora

Michoacan commercial zamora

There were several different issues.

“Rosendo Tamayo y Cia”

 

The “Rosendo Tamayo y Cia” issue was authorised by the Prefectura of the District and put into circulation in February and March 1915 by a group composed of José Pascalis, Pablo Armieux, Emilio and Miguel García López and Tamayo y García.

On 4 February 1915 Serafín Chávez, the District Prefect, met with Rosendo Tamayo (the manager of the firm “Tamayo y García”), Everardo S. Rios (representing the comercial house “R. Juillen sucesores”, owned by José Pascalis), Antonio Armieux (representing Pablo Armieux) and Miguel and Emilio García López. The five told the Prefect that, in an earlier meeting, they had decided to issue up to $2,500 in cardboard fichas and it was agreed to issue

  Number Value
2c 25,000 $   500,00
5c 10,000 500.00
10c 5,000 500.00
20c 2,500 500.00
50c 1,000 50.00
  43,500 $2,500.00

 

in notes entitled “República Mexicana. – Comercio de Zamora – Michoacán. Serie A.” and stamped with the seal of the Prefectura. Acceptance would be of obligatory and the notes would circulate until such time as sufficent of the notes proposed by the state government on 22 December had arrived. They would then be given three months to be redeemed, in the offices of “Tamayo y García” and “R. Juillen sucesores”. Importantly, as it turned out, the contractors agreed, jointly and severally, to guarantee the value of the notes.

On 2 March the company issued another series, SERIE B. These now had large numeral printed over the text.

The council later decided that Rosendo Tamayo y Cia. had issued $12,500, which suggests that this second issue was for $10,000. From known numbers we can surmise

  Number Value
2c    
5c    
10c 4,000  
20c 2,500  
25c 5,000  
50c    
    $10,000.00

 

 “Tamayo y García”

The “Tamayo y García” issue was put into circulation on June 1915. These were also printed by the Tipografia Comercial of M. Anaya.

Over this time the military forces intervened in the company’s affairs and confiscated goods, so in January 1917 it no longer had any documentation but believed that between $400 and $500 was still outstanding. The town council had told it to redeem its notes at 25% so it made an original deposit of $100 in coin.

Antonio Mendez Padilla

In May and June 1915 Antonio Mendez Padilla issued fichas for 5c, 10c, 20c and 50c to help in paying wages and facilitating transactions (the dos caritas of $1 and more were in circulation). The printer, Miguel Anaya produced the following:

  Number Value
5c 3,620 $    181.00
10c 6,200 620.00
20c 4,500 900.00
25c 500 125.00
50c 3,278 1,639.00
    $ 3,465.00

 

On 11 December 1916 Mendez wrote to the town council asking them to fix a rate of exchange and to give him longer to effect the redemption. On 27 December the town council decided that the rate should de 25% in oro nacional and that Mendez should deposit the necessary sum in the Municipal treasury.

Mendez deposited $50.
On 2 January 1917 the council wrote to Tamayo y García with the same decision but setting the rate at 50%.

Tamayo y García agreed to the 50% for the “Rosendo Tamaya y Cia.” Issue but said that it had already redeemed most of the notes for which it was responsible and told the council to contact the others. It asked for a better exchange rate for the “Tamayo y García” notes and the council om 13 January agreed to 25%.

On 14 January the council wrote to Pablo Armieux, Miguel and Emilio García López asking them to tell how much was still outstanding and and to deposit the equivalent amount in the Treasury.

Compañía de Luz y Fuerza Eléctrica de Zamora

Zamora Luz 10c

Zamora Luz 10cA 10c note signed by the mamager (gerente). On the reverse is an overprint "SERVICIO DE CAMBIO / MOLINOS DE NIXTAMAL".

"La Cruz Verde"

Zamora Luz 10c

Cruz Verde 5c reverseA 5c note, dated 26 September 1915, with the stamp of Luis G. Lozano.

El Comercio de Zamora

A series of cartones (10c, 20c, 25c, 50c) in infalsificables, dated 1 July 1916. with Antonio Mendez Padilla as Tesorero

On 6 July 1916 a group of citizens from Zamora wrote to Carranza, telling him that, although private fichas has been banned since the Veracruz notes started to circulate, the Presidente Municipal had allowed Agustín Méndez, a señor Gutiérrez and others to make such an issue, and they had sent Agustín Méndez to Guadalajara to arrange the printing of $100,000, with which they were to be paid. They asked Carranza to order the governor to prohibit the fichasCEHM, Fondo XXI Venustiano Carranza, carpeta 87, legajo 9754. $100,000 seems a large figure and the complainants may have exaggerated to stir Carranza into action.

On 16 October 1916, at 11:10 o’clock, a meeting took place in the casa commercial owned by Agustin Méndez Macías, situated at 67 calle Hidalgo, Zamora, between José Aviña Vaca, the Regidor in charge of the town council, representing the municipality, José Méndez Macías (representing his brother Agustín), and Antonio Méndez Bernal, José María Arceo, Eudoxio Vaca, Serafín Chávez, Luis Cornejo, Antonio Herrera and Luis G. Hernandez, all of them responsible for the fichas issued by "El Comercio de Zamora", under an authorization of 4 July 1916, fulfil the need for small change.

The meeting was summoned for the destruction of these fichas or cartones. José Aviña pointed out that on 14 July the town council had ordered the incineration of the" fichas" that the Treasurer, Agustín Méndez Macías had in his possession. The act had to be done in the presenceof a Public Notary.

The fichas were presented José Méndez Macías in packages of 100 each, subdivided by values. Aviña, Arceo, Chávez and Cornejo recorded the number in presence of the rest, giving the following numbers:

  Number Value
10c 153,300 $15,300.00
20c 83,100 $16,520.00
25c 68,700   $17,175.00
50c 1,750 $875.00
TOTAL 306,850 $50,000.00

 
The original plan was to incinerate them in the street but, because of the large amount of cartones and the possibility that the value of those that had not been redeemed could be questioned, they decided to burn them on the very same house. They lit a fire and added petroleum and other fuels. By 14:30 all of the cartones had turned to ashes, and the minute of the meeting was signed by all of the parrticipants.

The rarity of these cartones nowadays is explained and documented in this very act of incineration. A very small amount of them had survived, with the 25 centavos the most common and 50 centavos the rarest of them all.

(information from "A tale of incineration: the cartones of "El Comercio de Zamora" by Ricardo Vargas in USMexNA journal, September 2020)