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    Description

    T66 $50 1864 PF-2 Cr. 496.
    This $50 has an oval rubber stamping of "S.D. McClure & Co. Bankers Memphis, Tenn." on the back. There were a number of banking/clearing houses in Memphis at the time and their stamped notations are sometimes observed on Obsoletes and Confederate notes. Although the name of the broker business was McClure, it was actually owned by George R. Rutter, who went on to become a founder of a national bank. The Tennessee National Bank was organized on June 5, 1865 and went into receivership on March 21, 1867. Rutter was questioned by members of the House of Representatives concerning his handling of the bank and his indictments for stealing. Rutter's ace card was that he blamed the bank's failure for loans that were demanded by members of the Tennessee state legislature. Very Good-Fine with a lot of light purple ink staining.


    Auction Info

    Auction Dates
    May, 2013
    14th Tuesday
    Internet/Mail Bids: 11
    Lot Tracking Activity: N/A
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