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100 Dollars New England Commercial Bank - Rhode Island
| Issuer | New England Commercial Bank |
|---|---|
| Year | 1850-1860 |
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| Value | Log in to see details |
| Currency | Dollar (1785-date) |
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| Obverse description | The note is printed as a back-to-front proof or uncut sheet, with all design elements appearing in mirror image. At upper center, a vignette of an eagle perched on a block bearing the numeral 100, flanked by foliage and a cornucopia. At left center, an allegorical female figure is engraved, while at right center a vignette shows three men fishing from a boat. The large green underprint HUNDRED spanning the center serves as an anti-counterfeiting device, with the denomination numeral 100 repeated in intaglio at all four corners. |
|---|---|
| Obverse lettering | C 100 100 THE PRESIDENT, DIRECTORS & CO., OF THE NEW ENGLAND COMMERCIAL BANK Will pay ONE HUNDRED DOLLARS 100 to the bearer NEWPORT____________18___ NEW ENGLAND BANK NOTE CO., BOSTON. _____________ Cash.ʳ______________Pres.ᵗ RHODE ISLAND |
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| Comments |
The New England Bank Note Co. operated out of Boston during a period when American private bank note printing was intensely competitive — firms like ABNCo and National Bank Note were consolidating the industry, and smaller regional printers were fighting for contracts with the hundreds of state-chartered banks still issuing their own currency under the free banking system. A Rhode Island bank using a Boston printer was unremarkable; geography and established relationships drove those contracts more than any particular technical capability.
Rhode Island's free banking era produced significant over-issue problems, and several Providence-area banks failed outright before the National Banking Acts of 1863–64 effectively killed state-issued currency through punitive federal taxation. Notes from this bank at this denomination would have seen limited genuine commercial circulation.