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5 Pesos Aguan Navigation & Improvement Company
| Issuer | Aguan Navigation and Improvement Company |
|---|---|
| Year | 1886 |
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| Printer | Homer Lee Bank Note Company, New York City, United States (1881-1891) |
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| Obverse description | Black letterpress on light brown underprint; portrait vignette of General Luis Bográn at left, steamship vignette at right. Issuer name across top; face value rendered in numerals at lower corners and both upper corners, in words at centre. Four-digit serial number with single-letter prefix appears at centre-left and centre-right; two manuscript signatures with printed titles occupy the lower zone; printer's imprint at foot. |
|---|---|
| Obverse lettering | Log in to see details |
| 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.