The Compañía Redo, Eldorado
The Redo family, the owners of the sugar mill at Eldorado, 54 kilometres from Culiacán, was one that perhaps best represented the survival of the Porfirian oligarchy after the Revolution. It had started the mill in 1900 and in 1902 formed the company of Redo y Cía. Diego Redo, who had served as state governor in 1909, resisted Iturbe’s advance on Culiacán, then went into exile in Europe in 1911 but returned in 1923.
In May 1931 state senators Rodolfo T. Loaiza and F. V. Bermúdez complained that the Compañía Redo of Eldorado were paying its workers with its own notes, which were accepted at half their value by local stores, thus doubling the exploitation of the workforce. This was in complete violation of the lawNacional Revolucionario, 20 May 1931 though possibly done because of the economic crisis of the time.