Philadelphia Inquirer September 17, 1861 Edition - Three Y...Click the image to load the highest resolution version.
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DescriptionPhiladelphia Inquirer September 17, 1861 Edition - Three Year 7.3% $100 note (Fr. 208) Introduced Very Fine.
With the Civil War just over five months old, the front page of the September 17, 1861 edition of the Philadelphia Inquirer was full of war news, including the latest news from Missouri, Maryland, and a number of other hot spots. But the big "above the fold" story was the introduction of the new three year 7.30% $100 interest bearing note that we know today as Fr. 208. The article goes into some detail covering the design features of this note and how interest was to be paid. The story also indicated that the new $5, $10, and $20 demand notes had been released but had not yet fully reached the normal channels of general circulation. The large 10-5/8" x 3-3/4" illustration of the note gave readers a really good idea of what the note would look like. The newspaper is in excellent condition with no stains or major tears. The note image itself is completely pristine. On the back page, Jay Cooke & Co. was already advertising that it was accepting subscriptions for the new 7.30% notes. Since there are no known fully intact issued examples and only a few Proofs, this newspaper would make a really neat addition to any collection that includes the early Civil War era federal notes.
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