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50 Cents Huntingdon, Cambria and Indiana Turnpike Road Company

Uitgever Huntingdon, Cambria and Indiana Turnpike Road Company
Jaar 1816
Type Local banknote
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Beschrijving voorzijde The face is executed entirely in letterpress, bearing the full obligation text in which the Treasurer of the Huntingdon, Cambria and Indiana Turnpike Road Company promises to pay the bearer on demand Fifty Cents, dated April 22d, 1816. The note is attested by David Stewart as Secretary and countersigned by Jno. Blair as President. The imprint of Murray, Draper, Fairman & Co. appears in the lower margin.
Opschrift voorzijde Treasurer of the Huntingdon, Cambria and Indiana TURNPIKE ROAD COMPANY, pay to the bearer on demand, FIFTY CENTS, April 22d 1816 Attest, David Stewart Secretary. Jno Blair President. Murray Draper Fairman & Co
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Opmerkingen

Turnpike companies issuing their own fractional currency was a short-lived but widespread American practice in the years following the War of 1812, when coin shortages made small-denomination exchange genuinely difficult. The Huntingdon, Cambria and Indiana Turnpike Road Company was chartered to build road across the Allegheny ridge — rough country, far from any bank — and the scrip served practical needs along the route rather than any pretense at formal banking.

Murray, Draper, Fairman & Co. were among the most capable security printers working in Philadelphia at the time, later absorbed into the firm that became Toppan Carpenter. Their involvement here is worth noting — most turnpike scrip of this period came off far cruder presses.

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