At the turn of the 20th century, S.E.L. Maduro & Sons' financial department was operating similar to a private bank and its issuance of two hundred thousand guilders worth of bank notes had prevented the economy from falling into a recession.
At the turn of the 20th century, S.E.L. Maduro & Sons'financial department was operating similar to a private central bank. Its issuance of two hundred thousand guilders worth of the infamous' Maduro money' banknotes had prevented the economy from falling into a recession.