Banco Yucateco - 1906 dated Mexican Bond
Inv# FS1462 Bond
$100 1 Share Stock printed by American Bank Note Company, New York. 50 coupons attached at right. Agustín Vales Castillo (1857 – 1938) was a Mexican businessman, banker, industrialist, landowner, philanthropist, and liberal politician who served as prefect of Mérida (jefe político) during the governorship of Olegario Molina. He emerged as a prominent figure during the heyday of the henequen industry in Yucatan due to his influence in business and political circles during the Porfiriato era.
Vales also stood out in the banking and finance sector. He was one of the founding partners and a member of the first board of directors of Banco Yucateco, S.A., an entity that competed with Banco Mercántil de Yucatán, S.A. The former bank was composed of entrepreneurs aligned with the interests of Olegario Molina, while the latter was backed by entrepreneurs close to Eusebio Escalante Castillo and Raymundo Cámara. In 1937, shortly before his death, Vales also founded Banco Mercantil de Tampico, S.A. and Sociedad Financiera Mercantil, S.A. Read more at https://en.wikipedia.org/wiki/Agust%C3%ADn_Vales_Castillo
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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