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1 Dollar The Farmers' and Mechanics' Bank
| Issuer | The Farmers' & Mechanics' Bank, Savannah, Georgia |
|---|---|
| Year | 1864 |
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| Composition | Log in to see details |
| Size | 137 × 62 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Savannah, GA., March 1st, 1864. The Farmers' & Mechanics' Bank Will pay ONE DOLLAR to bearer on demand, in Currency. By order of the Board of Directors. Cashier |
| Reverse description | The reverse is shown in the image as a plain, unprinted surface with show-through bleed of the obverse letterpress text visible through the thin paper stock; no purposeful design, vignette, or overprint is present. |
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| Comments |
The Farmers' & Mechanics' Bank of Savannah was operating in increasingly desperate circumstances by 1864. Sherman's March to the Sea was still months away, but the Confederacy's banking infrastructure was already collapsing under hyperinflation — Confederate Treasury notes had lost the majority of their purchasing power, and local institutions were issuing their own obligations partly to maintain the fiction of a functioning financial system.
Savannah fell to Union forces in December 1864, effectively ending the bank's ability to honor any outstanding paper. Notes issued this late in the war were almost never redeemed.