Branches of the Banco de Londres y México (Monterrey - Villahermosa)

Monterrey

In May 1898 the local Legislature approved the contract to establish a branch in Monterrey. Its apoderado and first manager was Francisco Belden, an old associate of the Casa Milmo.

This branch operated until 1916, though it remained closed for almost all of 1913 to 1915, for fear of the Carrancista regime.

The branch overprint was applied to five denominations ($5, $10, $20, $50, $100) dated 1 July 1897. It is also found on notes dated 1 January 1902 ($10), 1 May 1906 ($5) and 2 January 1912 ($5, $10, $20).

M271l $5 stamped 'MONTERREY' in box

M271l $5 overprinted 'MONTERREY' 

M272m $10 stamped 'MONTERREY' in box

M273l $20 stamped 'MONTERREY' in box

M273l $20 overprinted 'MONTERREY'

Morelia

The first attempt to establish a bank in Michoacán was when the local congress on 31 May 1882 authorised governor Pudenciano Dorantes to organise with one of the existing banks in the capital to establish a branch or agency in Morelia but nothing came of this. Then on 25 June 1887 the governor, General Mariano Jiménez, agreed a contract with Santiago Wastall, representing the Banco de Londres y México y Sudamérica, to establish a branch^{[text needed]} but this failed over the question of jurisdiction.

Finally, on 27 November 1897, half a year after the Ley general, the Banco de Londres y México finally established a branch at 2da calle Nacional núm 27, under a contract dated 26 June 1897^{[text needed]} between the state executive and Iñigo Noriega, as apoderado for H. C. Waters, representing the bank. Article 4 of the contract stated that the bank only had an obligation to pay in Morelia the notes that the central office had sent for circulation in Michoacán, with the special overprint clear and easily visible^{Coromina Amador, Recopilación de .leyes, decretos, reglamentos y circulares expedidas por el Estado de Michoacán. Morelia, Imprenta de la Escuela I. M. Porfirio Díaz, 1900. Tomo XXXIV}.

The junta de vigilancia was composed of Juan Basagoiti, Ramón Ramírez and León Audiffred as propietarios and Gabino Oseguera, Luis MacGregor and Joaquín Oseguera as suplentes^{Semana Mercantil, 27 September 1897}.

Two months later the bank set up agencies in Zinapécuaro, Ario de Rosales and Puruándiro^{Periódico Oficial, Tomo VI, Núm. 6, 20 January 1898}.

The branch overprint was applied to five denominations ($5, $10, $20, $50, $100) dated 1 July 1897. It is also found on notes dated 1 January 1902 ($10), 1  May 1906 ($5), 1 July 1909 ($5, $10) and 1 July 1910 ($5, $10, $20, $50, $100).

M273m $5 stamped 'MORELIA' 

M273m $5 overprinted 'MORELIA' 

M272n $10 overprinted small 'MORELIA' 

M272n $10 overprinted large 'MORELIA' 

M273m $20 stamped 'MORELIA' 

M273m $20 overprinted 'MORELIA' 

M274n $50 overprinted 'MORELIA' 

M275l $50 overprinted 'MORELIA' 

Puebla

The Banco de Londres y Sudamérica established a branch in 1864 under a concession to the business houses Velasco Hermanos and Nerón y Compañía.

The bank signed an agreement with the Puebla state government on 30 May 1887^{Periódico Oficial, 17 July 1887} to establish a branch in the city. Inter alia, it agreed that the bank only had to pay out in Puebla on the notes that the main office had sent for circulation within the state and marked with a special contraseña. State and municipal offices would accept the notes issued for Puebla at par.

The branch overprint was applied to five denominations ($5, $10, $20, $50, $100) dated 1 July 1889 and five denominations ($5, $10, $20, $50, $100) dated 1 July 1897. It is also found on notes dated 1 January 1902 ($5).M271n $5 stamped 'PUEBLA' in oval 

M271n $5 stamped 'PUEBLA' in oval 

M272q $10 stamped 'PUEBLA' in oval 

M273n $20 stamped 'PUEBLA' in oval

M275m $100 stamped 'PUEBLA' in oval

Querétaro

In April 1906 the bank was building offices for its branch on the north side of the Jardín Zenea^{El Popular, 10 April 1906}.

The branch overprint is found on $20 notes dated 1 July 1889,  $5 notes dated 15 May 1893, and five denominations ($5, $10, $20, $50, $100) dated 1 July 1889. It was also applied to notes dated 1 May 1902 ($5), 1 May 1906 ($5), 1 July 1909 ($5, $10), 1 July 1910 ($5, $10, $20, $50, $100) and 2 January 1913 ($5, $10, $20, $100).

M271q $5 stamped 'QUERETARO'

M272t $10 stamped 'QUERETARO' in red

M272t $10 stamped 'QUERETARO' in black

M272t $10 stamped 'QUERETARO' in purple

M273n $20 stamped 'QUERETARO' 

M273n $20 stamped 'QUERETARO' 

M273n $20 stamped 'QUERETARO'  in red

M274q $50 stamped 'QUERETARO' in purple

M274q $50 stamped 'QUERETARO' in red 

M275n $100 stamped 'QUERETARO' in purple

M275n $100 stamped 'QUERETARO' in purple

M275n $100 stamped 'QUERETARO' in red

San Luis Potosí

Davis y Compañía were the representatives of the Banco de Londres, México y Sud America in San Luis Potosí with agency number five^{La Restauración, 7 May 1865}.

The contract^{[text needed]} between the governor, Díez Gutiérrez, and Santiago Wastall, for establishing a branch, was published in the Períodico Oficial on 1 February 1889 and approved by Congress on 13 April as decree núm. 76^{El Estandarte, 24 April 1889}. It stated that only San Luis Potosí notes would be paid in the state. Banknotes from other places would not have the right to eimbursement on demand in San Luis Potosí (and vice versa) but exchange would require paying a percentage defined by the bank^{Periódico Oficial, 24 April 1899; El Estandarte, 28 April 1889}.

The branch was “located at the corner of the Custom House Plaza, one block from the postoffice and two blocks from the principal plaza in the city. The location is very good, for, in addition to what already has been said, it is in the direct route over which nearly every person will need to pass in going to and coming from the two railroad stations”^{The Two Republics, 19 May 1887}.

The branch opened on 1 May 1889^{alternative: 1 July 1889}.

The branch overprint is known on notes dated 1 July 1889 ($10, $20, $100), 1 January 1891 ($10, $20), 9 January 1891 ($50), 1 July 1897 ($5, $10, $20, $50, $100), 1 July 1893 ($20), 1 September 1897 ($10), 1 January 1902 ($10, $20), 1 May 1906 ($5), 1 July 1909 ($5), 1 July 1910 ($5, $10, $20, $50), 2 January 1912 ($5, $10, $20, $50) and 2 January 1913 ($5, $10, $20, $50, $100).

Torreón

In [      ] the governor of Coahuila, Miguel Cárdenas de los Santos, granted Federico Howes, for the Banco de Londres y México, a concesión^{[text needed]} to establish a branch in Torreón. The bank received exemptions for fifty years, on condition that it constructed a modern, functional building. The bank acquired a site on the north-east corner of the junction of avenida Hidalgo and calle Valdez Carrillo, a block from the Plaza de Armas. The building was completed in March 1902 and opened on 1 May, with the branch offices on the ground floor and the home of the manager, D. Motta, and his family above. The building was demolished in 1952.

Maderistas in front of the Banco de Londres y México, Torreón, 1911

The branch overprint is known on notes dated 1 July 1889 ($100), 1 July 1897 ($10, $100), 1 January 1902 ($5, $10, $20, $50), 1 May 1906 ($5), 1 July 1909 ($5, $10) and 1 July 1910 ($5, $10, $20, $50).

Veracruz

The Banco de Londres, México y Sudamérica had opened a branch in Veracruz in 1864.

In November 1887 the bank established an agreement^{[text needed]} with Governor Enríquez about its branch in Veracruz. In this it was stipulated that the branch would be operating for a period of 30 years, exempt from taxes. The bank’s notes would be accepted in public offices, which gave it the opportunity to attract clients and funds as well as manage the public finances.

The branch overprint is known on notes dated 1 July 1891 ($100), 1 September 1891 ($10, $20), 1 July 1889 ($5, $10, $50, $100, $500), 1 July 1893 ($20), 15 June 1895 ($5), 1 July 1897 ($5, $20, $50, $100), 1 January 1902 ($5, $10), 1 July 1909 ($5), 2 January 1910 ($5), 2 January 1912 ($5, $10) and 2 January 1913 ($5, $10).

Villahermosa

M272 uncat $10 stamped 'Villahermosa'