From https://www.uscurrency.gov/history
In 1863 Congress establishes a national banking system and authorizes the U.S. Department of the Treasury to oversee the issuance of National Banknotes. This system sets Federal guidelines for chartering and regulating "national" banks and authorizes those banks to issue national currency secured by the purchase of United States bonds.
National bank notes were printed from 1865 until they were retired as a currency in 1929. Like many other banks, The First National Bank and Trust Company of Newtown had a charter, number 324, given in the second year of the program, 1865. These notes would have circulated about town and were legal tender. The size of the notes from 1865 until 1929 were larger than today's currency, and the small notes look much like the currency we all know.
The notes, today, are very scarce and the small notes are rarer than the large. There are currently 45 large and 30 small notes documented. Of course, there are more out there. Some are likely still stored away in Newtown's proud old houses.
 |
 |
 |
| FNB Deposit Bag |
No comments:
Post a Comment