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1 Dollar Bank of De Soto, Nebraska
| Issuer | Bank of De Soto |
|---|---|
| Year | 1863 |
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| Composition | Paper |
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| Obverse description | At lower left, an intaglio vignette of Native Americans in a traditional scene; at upper center, a pastoral agricultural vignette with farmers at work; at lower right, an engraved portrait of statesman Daniel Webster. A green guilloche underprint with the word ONE serves as a denomination protector at lower center. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is dominated by a large mirror-printed green guilloche underprint reading ONE in bold letters across the lower half of the note, rendered in reverse orientation as an anti-counterfeiting measure. The upper portion carries a faint ghost impression of the obverse lettering visible through the paper, with additional lightly printed green lathe-work elements in the background. |
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| Comments |
De Soto, Nebraska was a Missouri River town that briefly threatened to outgrow Omaha in the early 1860s — land speculators had big plans for it. The Bank of De Soto operated under Nebraska's territorial free banking laws, which allowed private institutions to issue notes backed by deposited bonds. The American Bank Note Company supplied the plates, as it did for dozens of such frontier banks, and the notes circulated well beyond Nebraska's borders, since western notes frequently drifted east along trade routes.
De Soto the town effectively ceased to exist when the river shifted course and Omaha consolidated its grip on regional commerce. Notes from the bank are survivors of a financial experiment that outlasted the town itself by years on paper alone.