10 Dollars Hagerstown Bank

The Hagerstown Bank was chartered in Maryland in 1807, making it one of the older surviving state-chartered institutions to issue notes into the latter half of the nineteenth century. Two different firms are credited on examples of this note — Danforth, Underwood & Co. and Underwood, Bald, Spencer & Hufty — reflecting the Philadelphia engraving house's various partnership reorganizations across the antebellum decades, not separate print runs from separate sources.

The extended date range suggests the bank continued issuing against original plate stock well after the National Banking Acts of 1863–64 imposed the federal tax on state bank notes that effectively ended most such circulation by the early 1870s. Notes dated or issued after that period were almost certainly not circulated in the ordinary sense.