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