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5 Pesos Aguan Navigation & Improvement Company
| Issuer | Aguan Navigation and Improvement Company |
|---|---|
| Year | 1886 |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | Emisión Autorizada el 25 de Junio de 1886. the AGUAN NAVIGATION AND IMPROVEMENT COMPANY. THE AGUAN NAVIGATION AND IMPROVEMENT COMPANY. PAGARÁ Á J. G. ORD Ó AL PORTADOR A4700 CINCO PESOS á la vista en su oficina de TRUJILLO, HONDURAS TESORERO PRESIDENTE THE HOMER LEE BANK NOTE CO.N.Y. BILLETE DE LA TESORERÍA POR CINCO PESOS (Translation: 5 CINCO Authorized Issue June 25, 1886 The Aguan Navigation & Improvement Company will pay to J. G. Ord or to bearer five Pesos at the office of Trujillo, Honduras 5 Treasurer, President) |
| Reverse description | Printed in green; no pictorial vignettes. Issuer name in bold lettering across the top, jurisdictional references below. Face value in numerals at left and right centre. A lengthy bilingual acceptance clause occupies the central field; printer's imprint at foot. |
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| Comments |
The Aguan Navigation and Improvement Company was an American-owned concession operating in the Aguán River valley of Honduras, granted land and transit rights by the Honduran government during the 1880s in exchange for development promises that largely went unfulfilled. Notes like this one were issued as scrip to pay workers and facilitate commerce within a geographically isolated concession — legal tender nowhere outside it, and dependent entirely on the company's own solvency for redemption.
Homer Lee printed for dozens of small corporate and municipal issuers during its decade of operation before folding in 1891. The Aguan scrip series is among the more obscure commissions in that catalog.