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50 Pesos El Banco de Tamaulipas 1914
| Issuer | El Banco de Tamaulipas |
|---|---|
| Year | 1902-1914 |
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| Reference(s) | P#S432 |
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|---|---|
| Obverse lettering | BANCO DE TAMAULIPAS SE A PAGARA AL PORTADOR A LA VISTA A LA PAR EN EFECTIVO CINCUENTA PESOS Tampico |
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| Reverse lettering | BANCO DE TAMAULIPAS AMERICAN BANK NOTE COMPANY NEW YORK |
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| Comments |
El Banco de Tamaulipas was one of the thirty-odd state-chartered banks operating under Mexico's 1897 Ley General de Instituciones de Crédito, which granted regional banks limited note-issuing rights while keeping them tethered to federal oversight from Mexico City. The bank operated out of Tampico, then rapidly growing as a Gulf port, and its notes circulated primarily in the northeastern state rather than nationally.
By 1914 the Constitutionalist forces under Carranza were systematically discrediting and withdrawing Porfiriato-era bank notes as part of a deliberate monetary strategy to fund the revolution. Issues from this final year of the series are typically found with heavy circulation wear — they were spent fast, as holders knew redemption was becoming uncertain.