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1 Peso El Estado de Chihuahua
| Issuer | Estado de Chihuahua (State of Chihuahua) |
|---|---|
| Year | 1914 |
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| Printer | Maverick-Clarke Litho Company, San Antonio, Texas, USA |
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| Obverse description | Printed in black and blue with red serial numbers, the obverse carries portrait vignettes of Francisco I. Madero at left and Abraham González Casavantes at right, framing the central text block. A guilloche underprint in blue provides decorative structure across the note. The denomination and issuing authority are stated in period letterpress typography. |
|---|---|
| Obverse lettering | EL ESTADO DE CHIHUAHUA PAGARA AL PORTADOR EN EFECTIVO UN PESO, CONFORME AL DECRETO MILITAR DE FECHA 10 DE FEBRERO DE 1914 CHIHUAHUA, CHIHUAHUA, MEXICO. UN PESO (Translation: The State of Chihuahua will pay to the bearer in cash One Peso according to the military decree dated 10 February 1914) |
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| Comments |
Chihuahua's state government began issuing its own paper currency in 1913–1914 under Governor Manuel Chao and, later, Pancho Villa's División del Norte administration — a direct consequence of the near-total collapse of federally issued money during the Huerta period. The Maverick-Clarke Litho Company in San Antonio was the practical choice: it was close, capable, and operating across the border from a state whose own printing infrastructure was essentially nonexistent during active military campaigning.
These Chihuahua state notes circulated alongside a chaotic mix of revolutionary scrip, and their acceptance was often enforced at gunpoint rather than earned through public confidence. Depreciation was rapid once Villa's military fortunes turned after 1915.