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25 Cents Mechanics Savings and Loan Association
| Uitgever | Mechanics' Savings and Loan Association, Savannah, Georgia |
|---|---|
| Jaar | 1862 |
| Type | Local banknote |
| Waarde | Log in om details te zien |
| Valuta | Log in om details te zien |
| Samenstelling | Log in om details te zien |
| Afmetingen | Log in om details te zien |
| Vorm | Log in om details te zien |
| Drukker | Log in om details te zien |
| Ontwerper(s) | Log in om details te zien |
| Graveur(s) | Log in om details te zien |
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| Beschrijving voorzijde | Log in om details te zien |
|---|---|
| Opschrift voorzijde | MECHANICS' SAVINGS & LOAN ASSOCIATION 25 [upper left] 25 [upper right] SAVANNAH, MARCH 15, 1862. THIS CERTIFICATE sheweth that WM. H. DAVIS has deposited TWENTY-FIVE CENTS with this Association, bearing four per cent. interest after thirty days' notice, payable to bearer on return of this Scrip, in current Bank bills. For H. Roberts, Pres't F. J. Thompson TWENTY-FIVE [vertical, right margin] |
| Beschrijving keerzijde | The reverse is printed on the back of a previously issued banknote from another institution, in accordance with the wartime scrip practice of recycling existing note stock; the example recorded bears the reverse of a $1 note issued in Jacksonville, Florida, with the original printed text of that note visible. |
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| Opmerkingen |
Savannah's Mechanics' Savings and Loan Association was one of dozens of Southern mutual savings institutions that pivoted to scrip issuance in 1861–62 as specie vanished from circulation almost immediately after secession. The Federal blockade had choked off coin imports, and Confederate Treasury notes hadn't yet penetrated daily commerce at the small-transaction level — somebody had to fill the gap for streetcar fares, market purchases, and wages.
Local printing on this note almost certainly means one of Savannah's handful of job printers, likely working under material constraints — ink and quality paper were already becoming difficult to source by mid-1862. Survivors show uneven impression quality as a result.