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5 Dollars Chesapeake and Ohio Canal Company

Uitgever Chesapeake and Ohio Canal Company
Jaar 1840
Type Log in om details te zien
Waarde Log in om details te zien
Valuta Log in om details te zien
Samenstelling Log in om details te zien
Afmetingen 170 × 74 mm
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
In omloop tot Log in om details te zien
Referentie(s) Log in om details te zien
Beschrijving voorzijde Log in om details te zien
Opschrift voorzijde Nine Months after date The Chesapeake & Ohio Canal Company Promises to pay on Demand at their Office at Frederick Maryland to bearer FIVE DOLLARS with interest from date. John P. Ingle Clerk Francis Thomas President
Beschrijving keerzijde Log in om details te zien
Opschrift keerzijde Blank
Handtekening(en) Log in om details te zien
Beveiligingstype Log in om details te zien
Beschrijving beveiliging Log in om details te zien
Varianten Log in om details te zien
Opmerkingen

The Chesapeake and Ohio Canal Company was a perpetually cash-strapped enterprise, and by 1840 it had been issuing scrip for years to meet payroll and contractor obligations along the still-incomplete waterway. These notes functioned as a local currency of necessity rather than any formal banking instrument — the company had no charter to issue money and operated in a legal grey zone that Maryland authorities largely tolerated because the alternative was construction stoppage.

Francis Thomas, whose signature appears here, was a Maryland congressman at the time. His presence on canal paper reflects how deeply the project was entangled with state and federal political patronage.

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