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25 Pesos Federal Treasury Bond
| Issuer | Tesorería de la Federación (Federal Treasury of Mexico) |
|---|---|
| Year | 1914 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | ESTADOS UNIDOS MEXICANOS Obligacion Provisional del Erario Federal LETRA C La Tesorería de la Federación pagará al portador $ 25.00 (VEINTICINCO PESOS) Esta Obligación está garantizada con Bonos del Tesoro Federal, amortizables en oro mexicano, 6% - 1914 - 10 años, por cantidad igual a su valor, conforme al Decreto de 6 del corriente y será amortizable en los términos que dicho Decreto dispone. México, julio 25 de 1914. El Tesorero, El Subtesorero Contador. OFICINA IMPRESORA DE ESTAMPILLAS, MEXICO (Translation: Mexican United States Provisional Obligation of the Federal Treasury The Treasury of the Federation will pay the bearer $ 25.00 (Twenty Five Pesos) This obligation is guaranteed with Federal Treasury bonds redeemable in Mexican gold, 6%-1914-10 years, for an amount equal to its value, in accordance with the Decree of the 6th of the current month, and will be redeemable in the terms that said Decree provides. Mexico, July 25th, 1914. The Treasurer, The Sub-Treasurer Comptroller.) |
| Reverse description | Black and blue letterpress print with no pictorial vignettes. A circular blue seal bearing the legend "SECRETARIA DE HACIENDA / TESORERIA DE LA FEDERACION" is positioned at left, while the face value "25 PESOS" appears in letters above numerals repeated in all four corners. The central text field carries the legal tender clause in Spanish. |
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| Comments |
Mexico's Tesorería de la Federación issued these bonds in 1914 as emergency paper money during one of the most chaotic periods in the Revolution — the same year Huerta's government collapsed and Constitutionalist forces under Carranza were consolidating control. The federal government was essentially insolvent, and these instruments blurred the line between bonded debt and circulating currency by design.
The Oficina Impresora de Estampillas was the government's own stamp and revenue printing bureau, pressed into emergency banknote production well outside its usual remit. Notes from this period are frequently found with cancellation punches or treasury stamps applied during the subsequent monetary reorganizations that attempted to sort legitimate federal paper from the flood of revolutionary scrip.