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5 Dollars The Arlington Bank

发行方 The Arlington Bank
年份 1855
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货币 Dollar (1785-date)
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正面描述 Intaglio-printed note on aged paper with a central allegorical vignette of three classical female figures, one bearing a staff, set against a lightly engraved cloud ground; an eagle and cherub vignette occupies the upper left corner. At lower left, a large ornate "V" within guilloche-work bearing a "DOLLARS" legend, while at lower right an oval portrait of a young woman sits within a lathe-work border surmounted by a bold numeral "5" in a rosette panel. A red-ink cursive underprint reading "FIVE DOLLARS" runs across the center field, over which manuscript date and hand-applied cashier's and president's signatures appear.
正面铭文 THE ARLINGTON BANK DISTRICT OF COLUMBIA No. [Serial Number] WASHINGTON, [Date] Will pay FIVE DOLLARS to the bearer on demand. Cashier President
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Danforth, Wright & Co. operated out of New York during a relatively brief window before merging into the American Bank Note Company in 1858 — making any note bearing their imprint dateable to a narrow production period. The Arlington Bank was a state-chartered institution operating under the looser regulatory framework of the Free Banking Era, when virtually any group meeting minimum reserve requirements could issue currency backed by deposited bonds rather than specie.

Bond-backed free bank notes were only as sound as the securities behind them. If the deposited bonds lost value — as many state bonds did — the notes became worth less than face, and holders had little practical recourse.

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