Volledige afbeeldingen bekijken — gratis registratie
Doorgaan met Google — het is gratis of registreer met e-mail

Waarom registreren? Alleen om bots buiten ons catalogus te houden. Uw e-mail blijft privé — we delen het nooit en sturen u niets zonder uw toestemming. Dat garanderen wij u!

5 Dollars The Farmers Bank of Sandstone

Uitgever The Farmers Bank of Sandstone
Jaar 1837-1838
Type Log in om details te zien
Waarde 5 Dollars (5 USD)
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
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 Log in om details te zien
Beschrijving keerzijde The reverse is plain and unprinted.
Opschrift keerzijde Log in om details te zien
Handtekening(en) H.N. Baldwin and L.D. Smith
Beveiligingstype Log in om details te zien
Beschrijving beveiliging Log in om details te zien
Varianten Log in om details te zien
Opmerkingen

Sandstone, Michigan was little more than a hamlet when this note was issued — the township had been organized only in 1836, and the Farmers Bank of Sandstone was among dozens of wildcat institutions that sprang up across Michigan almost immediately after the state legislature passed its liberal free banking law in March 1837. The law required specie reserves but enforcement was farcical; inspectors reported banks with the same barrels of coin being carted between institutions ahead of audits.

Michigan's legislature repealed the free banking act in 1839, rendering most of these institutions defunct. Notes from Sandstone-area banks are scarce precisely because the bank's operational window was so brief.

MISSCHIEN OOK INTERESSANT