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    Description

    Michigan City, IN/(Marshall, MI)- Exchange Bank of H.J. Perrin & Co./Michigan City and South Bend Plank Road Co. $5 Apr. 1862 Wolka 498-3 Lee MAS 4-4
    These notes are attributed to locations in two different states, both Michigan City, IN and Marshall, MI. For many years, the styling of the letters on these notes has led to the belief that the name was A.J. Perrin rather than the correct H.J. Perrin. This rare $5 was payable at the Exchange Bank of H.J. Perrin & Co. of Michigan City, IN, however the issuer was the Michigan City and South Bend Plank Road Co. Notes issued prior to this had a point of payment at the Exchange Bank of Daniel Ball & Co. of Grand Rapids, MI instead. The change to the payable location took place in 1861 or 1862. The Exchange Bank of H.J. Perrin was organized in 1852 and became the National Bank of Michigan on August 11, 1865 as charter number 1518. Only three Nationals are known on that charter number that reverted back to the private Perrin Bank on May 14, 1880. Secretary W(illiam) Powell also signed the Nationals. The bank was located at the northwest corner of Hamilton Street and Michigan Avenue (previously Main Street). Horace J. Perrin was the foremost industrialist in Marshall, MI and owned a number of businesses. Produced by the American Bank Note Company, this $5 is Choice Crisp Uncirculated. A vertical rubber-stamped notation in blue ink near the portrait at left of Henry Clay appears to read, "We guarantee the payment on demand."


    Auction Info

    Auction Dates
    April, 2012
    18th-22nd Wednesday-Sunday
    Bids + Registered Phone Bidders: 10
    Lot Tracking Activity: N/A
    Page Views: 415

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