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8 Dollars Peoples' Bank of Paterson
| Issuer | Peoples' Bank of Paterson |
|---|---|
| Year | 1830-1839 |
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| Composition | Log in to see details |
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| Printer | Casilear, Durand, Burton & Edmonds |
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| Obverse description | At the far left and right margins, standing allegorical figures of the goddess Tellus, partially draped and bare-breasted, each with one foot resting on a globe. Flanking the central vignette are two ornate numeral-8 panels in decorative frames. The central vignette portrays a seated female figure riding a cart drawn by two griffins (creatures with lion bodies, eagle heads, and wings), engraved in the fine intaglio style typical of the Casilear, Durand, Burton & Edmonds firm. The upper border carries the state and bank name lettering, with the promise-to-pay text and issuing date line across the lower portion of the note. |
|---|---|
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| Reverse description | Blank. |
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| Comments |
The $8 denomination was never part of federal currency but flourished briefly in the free banking period, when state-chartered institutions could issue whatever face values they judged practical. Paterson, New Jersey's industrial economy — built around the Passaic River mills and silk works — generated payroll and commercial needs that didn't always map neatly onto the standard $5/$10 ladder, which is the most plausible reason this denomination existed at all.
Casilear, Durand, Burton & Edmonds was among the more technically accomplished banknote firms operating out of New York in the 1830s before the consolidation that eventually produced the American Bank Note Company. Their work on this series reflects the period's arms race against counterfeiters through fine-line engraving.