10 Dollars Detroit Bank - Michigan

Detroit Bank was Michigan Territory's first chartered bank, established in 1806 — the same year this note was issued. The territory had barely been American soil for a decade, having passed from British control following Jay's Treaty, and a functioning local bank was as much a political statement as a commercial one. Hard currency was chronically scarce in the Northwest Territory, making these early paper emissions genuinely necessary for trade rather than merely convenient.

The Kelly reference places this within a documented series, but survivorship is poor. Notes from frontier territorial banks of this period were handled hard and rarely preserved with any care.