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10 Dollars Rhode Island Agricultural Bank
| Issuer | Rhode Island Agricultural Bank |
|---|---|
| Year | 1823-1843 |
| Type | Log in to see details |
| Value | 10 Dollars (10 USD) |
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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 description | Intaglio-printed obsolete note on thin paper, with a full-length engraved figure of a gentleman in early 19th-century dress standing at left, and a central agricultural vignette showing farm machinery, barrels, and a tree beneath the legend 'STOCKHOLDERS PRIVATE PROPERTY HOLDEN.' at top center. Denomination counters appear in the upper corners as '10' and 'X', with vertical 'TEN' panels along the right border enclosing two oval portrait vignettes of bearded Elizabethan-era figures; a further oval portrait of a military officer is placed at lower center between the Cashier and President signature lines. The bank name 'RHODE-ISLAND AGRICULTURAL BANK' is rendered in bold letterpress across the center, with the place of issue 'Johnston' in ornate script below, and the imprint 'Rawdon, Wright & Co N.York' at lower right. |
|---|---|
| Obverse lettering | STOCKHOLDERS PRIVATE PROPERTY HOLDEN. No. _________ The President Directors & Company of the RHODE-ISLAND AGRICULTURAL BANK Will pay ________ or bearer TEN Dollars on demand Johnston ________ 18__ Rawdon, Wright & Co. N.York |
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| Comments |
The Rhode Island Agricultural Bank was chartered in 1818 as part of a wave of rural banking expansion in New England, intended to serve farming communities that found the established Providence banks indifferent to agricultural lending. In practice, like most of its contemporaries, it drifted toward commercial credit quickly enough.
Rawdon, Wright & Co. operated out of New York through the early 1830s before successive mergers eventually folded them into the American Bank Note Company lineage. Their engraving work appears across dozens of state-chartered banks of this period, many of which failed before redemption was ever a certainty.