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1 Dollar Bank of Watertown
| Issuer | Bank of Watertown |
|---|---|
| Year | 1863 |
| Type | Local banknote |
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| Composition | Log in to see details |
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| Obverse description | Two large red ornate numeral "1" overprints flank a central allegorical vignette of a young woman seated in a marine scene rendered in fine intaglio engraving. A smaller vignette at lower left shows two men seated on either side of a shield, while oval portrait medallions appear at upper left, upper right, and lower right. The face carries multiple lines of letterpress text across the lower register, with security legends along the bottom border. |
|---|---|
| Obverse lettering | Log in to see details |
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| Reverse lettering | 1 1 |
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| Comments |
The Bank of Watertown operated in Jefferson County, Wisconsin — a region that leaned heavily on private banknote currency through the Civil War years, when federal greenbacks and fractional currency were still working their way into everyday commerce. The National Banking Acts of 1863 and 1864 would soon make institutions like this one obsolete, and many Wisconsin state-chartered banks either converted or closed within a few years of this note's issue.
Toppan, Carpenter, Casilear & Co. was among the most prolific American security printers of the mid-nineteenth century, operating out of both New York and Philadelphia before eventually merging into the American Bank Note Company.