Paper Money of Chihuahua

.. by Simon Prendergast

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Home The History El Banco Minero Counterfeit Banco Minero notes

Counterfeit Banco Minero notes

There are four references to possible counterfeit notes.

1893 courtcase

The first mention is a court case against Manuel Hernández y González in March 1893 for circulating counterfeit banknotes of the Banco Minero. However, only the merest correspondence remains so no details are available and it is possible that the defendants tried to pass off counterfeit notes of another bank on the Banco MineroASCJ, Asuntos civiles 179/1893.

An El Paso counterfeiter

In November 1901 U. S. Secret Service agents in El Paso arrested M. J. Lemon, a local photographer, and captured a large number of  photographic plates  bearing, among others, imprints of $5 silver certificates, $10 national and local bank notes and notes of the Banco Nacional, Banco de Londres y México and  Banco Minero, as well as a large number of unfinished notes. However, the Banco Minero had no record of any of its money being floated, so Lemon probably did not get so far as producing any Banco Minero notesSan Francisco Chronicle, 8 November 1901.

Hidalgo del Parral

The third reference to a ‘forged’ Banco Minero note was when in December 1913 someone in Hidalgo del Parral tried to pass a $10, number 101932, that had been altered to read ‘$100’AMP. details from Jesús Vargas Valdez.

Mexico City in 1914

CounterfeitersThe fourth was a largescale counterfeiting of the notes printed in Mexico City in 1914. In December of that year police in Mexico City uncovered a massive operation forging $10 Banco Minero de Chihuahua notesThe New York Times said that there were up to $2m in counterfeit notes (New York Times, 21 December 1914). Three well-known criminals, Francisco Oviedo (alias Carlos García Guzmán), Bernabé Fernández, known as “El Chato”, and Enrique Díaz Velasco and a printer, Armando Salcedo, had produced a million pesos in false notes. The notes were easily recognizable as the paper was of poor quality and both front and back designs appeared blurred (borrado)El Monitor, 19 December 1914. The article has a reproduction of one of the counterfeit notes ($10 F29 19 May 1914 102170 control S-5245).

 

 

They had been made from photographic reproductions and, because of this, lacked the ‘DIEZ PESOS’ in the bottom centre backgroundEl Monitor, 30 December 1914.

Juan Creel, from El Paso, sent a cutting of the article in El Monitor to his brother Enrique in Los Angeles and on 30 December 1914 Enrique replied, saying that he thought the figure of $1m was exaggerated, but it would still add to the lack of confidence in the bank’s notes. He enclosed a copy of the contraseñas that all the Bouligny & Schmidt notes had and suggested copies be forwarded to Francisco C. Terrazas and the Banco Nacional de México. He suggested it would be convenient to withdraw all the Bouligny & Schmidt notes and replace them with American Bank Note Company ones, but felt that the Secretaría de Hacienda might objectCONDUMEX, Fondo Creel, 119, 30706. However, on 25 January 1915 Creel had to admit that the American Bank Note Company notes were held up in transit from New York and so a recall was impracticalCONDUMEX, Fondon Creel, 134, 34305, letter to Francisco C. Terrazas, Mexico City.

On 28 December 1914 Capitan Antonio Flores Menchaca arrested Benito Arteaga and Francisco Llaguno with $75,000 in counterfeit notes. They had approached Menchaca, as interventor, to bribe him to revalidate the notes which they had freely admitted were false. They had been made with the clichés used to print notes during the Huerta regime and the main differences were that the paper was inferior and the ink paler (más pálida) whilst in the genuine the paper was glossy and better made (satinado y mejor impreso) and the ink bright (súbida)El Monitor, 29 December 1914: El Monitor, 30 December 1914. The articles confirm that these were Banco Minero notes but does not explain why the counterfeiters were wanting a resello..

Elsewhere Luis G. Caballero (aka Rodolfo Reylbetor Rodolfo Rewibelt (La Convención, 1 January 1915)) was arrested in San Luis Potosí with a large number of counterfeit notes of the Banco de San Luis Potosí  and the Banco MineroEl Monitor, 1 January 1915.

On 12 March 1915 Ismael M. Ruiz from Nogales reported that the counterfeit $10 notes had not yet appeared in NogalesCONDUMEX, Fondo Creel, 122, 31240.

 

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