3 Dollars West River Bank - Vermont

The West River Bank was chartered in Jamaica, Vermont — a small Windham County town — and this note dates from the final years of the Free Banking era, just before the National Banking Acts of 1863–64 effectively killed off state-chartered currency. The reference to two printers reflects a transition: Rawdon, Wright, Hatch & Edson merged into the American Bank Note Company in 1858, so by 1860 the plates were being worked by New England Bank Note Company out of Boston.

Vermont state bank notes of this period are routinely undervalued relative to their scarcity. The West River Bank had limited capitalization and short circulation range, meaning surviving examples never turn up in large numbers.