State loan of 1831
from | to | total number |
total value |
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$40listed in Gaytan's Appendix | |||||
$500 | includes numbers 84 to 182 |
On 18 August 1831 the state government authorised the creation of certificates to cover a loan (empréstito) it was making[text needed]. The text stated that these would be accepted as legal tender (dinero efectivo) in any payment made to the state or be redeemed on a specific date. They were signed by the governor, Francisco García Salinas, and secretary, Manuel Gómez, and judicially acknowledged (tomado rázon) by Francisco de Arrieta.
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Manuel Gómez Cosío | ![]() |
Francisco de Arrieta | ![]() |
Given the fact that the notes are entitled BILLETE, refer to legal tender and might have been negotiable, they can be considered as a form of paper currency.
Interestingly, by a decree dated 11 December 1829, García Salinas declared the provisional creation of a bank, in an attempt to use church property to create a bank for agricultural credit. This would appear to be the first bank established in the independent MexicoJosé Enciso Contreras, "El Banco de Fomento Agrícola de Zacatecas: Proyectos desamortizadores y de reforma agraria, en 1829 (Notas exploratorias)" in Revista Digesto Documental de Zacatecas núm. 16.