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3 Dollars Bank of New-England at Goodspeed's Landing - Connecticut

Issuer Bank of New-England at Goodspeed's Landing
Year 1853-1865
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Size 185 × 78 mm
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Obverse lettering THE BANK OF NEW-ENGLAND AT GOODSPEED'S LANDING Will pay THREE DOLLARS to the bearer on demand EAST HADDAM, ____18___ No.___ A STATE OF CONNECTICUT THREE DOLLARS THREE Danforth, Wright & Co, New York & Philada
Reverse description Plain unprinted reverse, characteristic of many mid-nineteenth-century American obsolete state bank issues; the obverse design shows through slightly as a blind impression on the plain paper.
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Goodspeed's Landing was a small Connecticut River village — barely a hamlet — which made the Bank of New-England at Goodspeed's Landing one of the more improbably named institutions of the Free Banking era. Small-town Connecticut banks of this period were frequently chartered not to serve genuine local commerce but to maximize note issuance against minimal specie reserves, and many operated with little more than a counter and a safe.

Danforth, Wright & Co. held the plate work during the earlier part of the issue window, before their 1858 reorganization into the American Bank Note Company. Notes printed after that transition would have come from successor hands, which complicates attribution for undated examples in this series.

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