10 Dollars The Bank of South Carolina

The Bank of South Carolina, chartered in Charleston in 1835, was among the more conservatively run antebellum Southern institutions — it maintained specie payments through periods when most regional banks suspended entirely. By 1857, the year of this note, the bank was navigating the Panic of 1857, a deflationary crisis triggered by the collapse of the Ohio Life Insurance and Trust Company that hit Northern banks harder than Southern ones, partly insulating Charleston institutions.

Rawdon, Wright, Hatch & Edson dissolved in 1858, absorbed into the newly formed American Bank Note Company — making this note from their final operational year.