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2 Dollars State Bank of Michigan

Issuer State Bank of Michigan
Year 1859
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Printer American Bank Note Company
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Protection type Dimension scale
Protection description Lyman's Protection: a printed scale on the note face correlating each denomination to a specific fractional length of the paper, allowing recipients to verify authenticity by measuring the note against the stated proportions.
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Comments

The State Bank of Michigan was a product of the state's 1837 free banking law, which allowed almost anyone to establish a bank provided they deposited approved securities as backing. The system produced hundreds of short-lived institutions and an ocean of depreciated paper — Michigan became one of the better-known examples of antebellum wildcat banking excess, though by 1859 tighter regulation had thinned the field considerably.

American Bank Note Company's Detroit operation handled this issue, a detail worth noting because ABNC's Detroit work from this period is less thoroughly documented than its New York output. The dimension scale security device was a deliberate countermeasure against photographic reproduction, then an emerging threat to currency integrity.

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