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10 Dollars Bank of Manchester - Michigan
| Issuer | Bank of Manchester |
|---|---|
| Year | 1834 |
| Type | Vouchers |
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| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
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|---|---|
| Obverse lettering | MICHIGAN SAFETY FUND. The Bank of Manchester will pay TEN Dollars to _______ or Bearer on demand. Manchester __________ 18____ __________Cash. ________Pres.t REAL ESTATE PLEDGED & PRIVATE PROPERTY HOLDEN. Rawdon, Wright & Hatch. New-York |
| Reverse description | Plain unprinted paper reverse showing only wear, fold lines, and handwritten notations in ink at lower right, consistent with contemporary accounting or endorsement marks. |
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| Comments |
The Bank of Manchester was chartered in Michigan during the brief, chaotic window of wildcat banking that preceded the state's 1837 general banking law — a period when frontier banks routinely commissioned engraved plates from eastern firms and issued notes far in excess of any specie on hand. Rawdon, Wright & Hatch were among the most prolific bank note engravers of the antebellum period, supplying plates to dozens of small state-chartered institutions across the Midwest, many of which failed within years of opening.
Manchester, Michigan was barely a settled township in 1834. Whether the bank maintained meaningful specie reserves or survived past the Panic of 1837 are questions the historical record answers poorly.