Paper Money of Chihuahua

.. by Simon Prendergast

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Home The History El Banco Mexicano Notes in circulation

Notes of El Banco Mexicano in circulation

The bank had to publish an abbreviated balance sheet, including the value of notes in circulation, monthly in the Boletiín Oficial.

Value of El Banco Mejicano notes in circulation - first issue

188818891890189118921893
Jan 198,654.94 11,577.62 7,351.58 6,797.35 6,797.35
Feb 195,391.54 10,885.01 7,531.50 6,797.35 6,797.35
Mar 201,000.26 7,531.50 6,797.35 6,797.35
Apr 188,149.32 9,883.01 7,531.50 6,797.35 6,797.35
May 166,555.83 9,690.43 7,081.86 6,797.35 5,661.94
June 109,870.30 9,031.78 7,081.86 6,797.35 5,661.94
July 54,154.10 8,931.78 7,081.86 6,797.35 5,661.94
Aug 43,964.95 8,831.58 6,942.72 6,797.35 5,661.94
Sep 210,402.20 34,908.74 8,831.58 6,942.72 6,797.35 5,661.94
Oct 199,706.16 19,778.88 7,531.58 6,942.72 6,797.35 5,661.94
Nov 192,277.90 19,438.07 7,531.58 6,942.72 6,797.35 5,661.94
Dec 197,472.95 12,448.36 7,531.50 6,942.72 6,797.35 5,661.94

Incinerations of El Banco Mejicano notes

According to the new concession for the Banco Minero and Banco Mexicano agreed on 22 May 1888 the two banks had to withdraw all their existing notes by 30 June 1889. By that date the Banco Mexicano had incinerated $484,000 of its notesEl Tiempo, Mexico City, 24 July 1889.

Value of El Banco Mexicano notes in circulation - second issue

1889189018911892189318941895
Jan 228,587·32 162,677·95 140,851·32 148,157.41 174,743.21
Feb 204,304·74 171,139·11 138,621·38 155,622·03 192,610·06 277,597·74
Mar 157,448·89 128,736·00 113,795·52 174,550·50 320,982·80
Apr 7,000.00 177,000·00 156,770·50 136,381·22 161,651·40 170,976·43 328,304·47
May 15,347·75 173,449·78 164,731·88 129,029·85 154,191·51 164,598·50 302,215·25
June 75,258·25 158,550·54 192,846·44 142,995·58 170,770·12 178,072.50 300,414.00
July 138,849·75 138,863·25 160,126·75 141,633·35 155,533·60 174,169·25 295,843·70
Aug 185,014·00 144,984·59 167,409·00 133,947·32 164,814·74 171,853·58 282,528·86
Sep 220,563·75 150,838·95 178,883·81 136,181·78 166,415·41 156,704·50 283,630·87
Oct 232,238·50 182,685·16 178,263·66 144,396·47 164,247·43 171,249·75 279,573·88
Nov 242,132·12 149,975·25 151,490·56 152,116.75 153,526·31 218,045·25 274,120·79
Dec 229,238·00 178,741·50 178,831·81 166,602.75 177,818·78 287,133·28 267,434·32

Incinerations of El Banco Mexicano notes

This table records the withdrawal and incineration of second issue Banco Mexicano notes.


25c 50c $1 $2 $5 $10 $20 $50 $100 Total
Opening balance
10 February 1894
150,000.00 75,000.00 200,000.00 10,000.00 24,995.00 39,990.00 40,000.00 50,000.00 50,000.00 639,985.00
Incinerations









8 March 1894 18,953.00 4,955.50 2,811.50
260.00 255.00 240.00 50.00 2,700.00 30,225.00
5 July 1894 3,875.00 1,600.00 600.00





6,075.00
23 October 1894 5,050.75 2,250.00 1,700.00





9,000.75
18 April 1895 4,500.00 2,500.00 1,000.00





8,000.00
28 June 1896 3,000.00 4,000.00 2,000.00





9,000.00
26 February 1897 8,500.00 3,250.00 3,500.00
500.00



15,750.00
14 July 1897 4,775.00 4,950.00 6,600.00

840.00 260.00 100.00 500.00 18,025.00
13 October 1897 6,675.00 3,500.00 5,000.00





15,175.00
18 November 1897 2,550.00 2,450.00 4,100.00





9,100.00
22 January 1898 5,000.00 5,500.00 8,000.00





18,500.00
4 April 1898 6,750.00 6,750.00 15,700.00





29,200.00
18 June 1898 7,250.00 5,800.00 16,800.00





29,850.00
18 August 1898 4,000.00 3,500.00 9,000.00





16,500.00
20 October 1898 4,300.00 3,400.00 5,300.00
500.00 1,000.00


14,500.00
19 March 1899 10,500.00 6,500.00 17,000.00





34,000.00
24 June 1899 7,500.00 3,500.00 17,500.00





28,500.00
26 July 1899 2,500.00 1,500.00 5,000.00
1,500.00 3,000.00


13,500.00
20 October 1899 6,600.00 2,000.00 11,100.00 800.00




20,500.00
21 December 1899 5,300.00 1,300.00 11,700.00 1,600.00




19,900.00
26 March 1900 6,100.00 1,250.00 17,000.00 2,200.00 6,000.00 9,000.00 10,000.00 15,000.00 10,000.00 76,550.00
18 May 1900 2,175.00 400.00 7,600.00 1,100.00 3,700.00 5,100.00 13,000.00 10,900.00 2,700.00 46,675.00
13 June 1900 1,500.00
3,000.00
1,500.00 2,000.00 2,000.00 2,500.00 7,500.00 20,000.00
16 July 1900 1,100.00
2,600.00 800.00 1,500.00 3,000.00


9,000.00
6 September 1900 1,450.00 900.00 4,300.00 800.00




7,450.00
5 March 1901 2,525.00 550.00 7,175.00 800.00




11,050.00
28 May 1901 800.00 100.00 2,500.00 200.00 6,500.00 11,000.00 10,000.00 10,000.00 10,000.00 51,100.00
24 September 1901 660.00 150.00 1,800.00 400.00 675.00 2,520.00 1,800.00 6,250.00 7,400.00 21,655.00
24 March 1902 775.00 150.00 2,900.00 400.00 580.00 1,120.00 780.00 1,250.00 1,100.00 9.055.00
30 June 1902 150.00
400.00
220.00 210.00 620.00 450.00 100.00 2,150.00
10 September 1902 25.00 58.50 365.00 92.00 165.00 230.00 160.00 600.00 100.00 1,795.50
27 November 1902 50.00
250.00
90.00 100.00 60.00 300.00 500.00 1,350.00
16 April 1903 173.50 36.50 1,155.00 150.00 295.00 240.00 120.00 400.00 900.00 3,470.00
29 April 1903

200.00
320.00



520.00
29 August 1903 50.00







50.00
23 November 1903 44.00 8.00 344.00 56.00
340.00 400.00 600.00 700.00 2,492.00
13 February 1904 25.00
100.00





125.00
28 March 1904 50.50




80.00

130.50
28 May 1904
6.50 140.00 48.00 120.00

300.00
614.50
24 June 1904

230.00





230.00
30 January 1905 133.25 10.50 226.00 14.00
15.00
50.00 100.00 548.75
28 March 1905
0.50 4.50





5.00
25 July 1905



190.00
300.00 1,100.00 300.00 1,890.00
28 November 1905 20.00 25.00 121.00 34.00




200.00
27 March 1906

8.00





8.00
26 June 1906







200.00 200.00
1 September 1906 6.00 4,50 23.00 14.00 280.00
140.00

467.50
24 October 1906

5.00





5.00
23 July 1907 2.00 4.00 28.00 6.00



700.00 740.00
30 October 1907

19.00 4.00



200.00 223.00
29 July 1911 2.50 1.00 37.00 10.00 35.00


300.00 385.50
Balance as at 15 April 1912CONDUNEX, Fondo Creel, 85, 21975 14,604.50 2,139.50 3,058.00 472.00 65.00 20.00 40.00 150.00 4,000.00 24,549.00
19 June 1913







800.00 800.00
Balance as at
25 November 1913ST papers, Part I, box 84, account as of 25 November 1913 produced for Silvestre Terrazas by S. Goyenche, after studying what books he had of the Banco Minero, 23 November 1914
14,604.50 2,139.50 3,058.00 472.00 65.00 20.00 40.00 150.00 3,200.00 23,749.00
31 March 1920

18.00 4.00
20.00 40.00 150.00 1,000.00 1,232.00
20 May 1920



20.00



20.00
7 October 1926

14.00





14.00
11 October 1926



30.00



30.00
20 May 1927 1.00

2.00




3.00











Balance as at
20 March 1929
14,603.50 2,139.50 3,026.00 466.00 15.00


2,200.00 22,450.00











Number of notes as at
20 March 1929
58,414 4,279 3,026 233 3


22 65,977

In fact, these records are faulty, as is obvious from the fact that $10, $20 and $50 notes still exist. On 15 January 1920 Juan Creel, from El Paso, wrote to Enrique Creel asking about notes of the Banco Comercial and Banco Mexicano. The notes that he had in El Paso that could be incinerated he had sent to Mexico City to be destroyed, but in Mexico there were some notes that were of the denominations that had been filled up (de las denominaciones cuya emisión está agotada), whilst Sr. Ginther still had $6,600 from the two banks in Santa Rosalía, and he had $2,400 in his office. He wanted to know what to do, since they could not be officially incineratedCONDUMEX, Fondo Creel, 251, 6431. Enrique told him to destroy them, keeping a record of the fact in the bank’s confidential files, without making any entry in the bank’s accounts, and to make up the amount by deducting it from the sale of some securities (unless he had a better idea)CONDUMEX, Fondo Creel, 252, 64599, letter Enrique C. Creel, Los Angeles to Juan A. Creel, El Paso, 19 January 1920. Juan agreedCONDUMEX, Fondo Creel, 251, 64335.