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| 正面铭文 | 20 ¢ Comision Reguladora del Mercado de Henequen SERIE B Nº 19227 Merida, (Yuc) Julio 27 de 1914 LA TESORERIA GENERAL DEL ESTADO Pagará al portador la cantidad de 20 cvs. veinte centavos con cargo a la cuenta de la Comision Reguladora del Mercado de Henequen NOBLE MUY LEAL CIUDAD DE MERIDA EL PRESIDENTE GERENTE GENERAL Fot. é Imp. "Guerra" Dib. J. D. Hoyos (Translation: Henequén Market Regulatory Commission Mérida, (Yucatán) July 27th., 1914 The General State Treasury will pay to the bearer the amount of 20 Centavos charged to the account of the Henequén Market Regulatory Commission Noble, very loyal city of Mérida. The President, General Manager Photogravure and printer "Guerra" Designer J. D. Hoyos) |
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| 背面铭文 | Quedan renunciados los ar- ticulos 558 y 559 del Código de Comercio vigente Este cheque solo será cambia- do en fracciones de a cinco pesos o cantidades de pesos que terminen en cinco ó en cero (Translation: Articles 558 and 559 of the current Commercial Code are waived. This Check will only be changed in fractions of five Pesos or amounts of Pesos that end in five or zero.) |
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Henequén — the agave-derived fiber used for binding twine — dominated Yucatán's economy so completely by 1914 that the state's regulatory commission issued its own currency tied to the trade. The Mexican Revolution had severed reliable coin supplies from the federal government, leaving commercial centers like Mérida to improvise. This note is among the more regionally specific emergency issues of the period: backed not by a bank or a treasury, but by a commodity monopoly.
Printed locally by Guerra's Mérida shop rather than contracted abroad, the production quality reflects what was available under wartime conditions. Hoyos and Manzanilla are both Yucatecan names, confirming this was entirely a local operation from design through press.