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Five Dollar Bank Note, Detroit Bank, July 10, 1807.

Oblong 2.5 x 6, engraved "Patent Copper Stereotype Plate," signed by Jas. Henry as President and W. Flanagan as Cashier, recipient's name filled in ("J. Ox"?), light toning, unevenly cut edges, signatures and other manuscript lght but still a nice item. SWAF. ". . . Promise to pay out of the Capital Stock and Funds. . ." The (territorial) governor and several judges issued a charter (for which they had no legal authorization) for the Detroit Bank to a group of unscrupulous Boston investors. The money the public deposited was sent off to Boston and then replaced with paper money of lttle or no value. The bank was in business for only two year, 1806-1808.


Book Id: 98-2094

Price: $225.00

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