Circleville, OH- Pickaway County Bank at Circleville - Ohio State Stock Bank Counterfeit $10 Jan. 13, 1852 C14 Wolka 0680-08
    This bank was part of a whole new class of banks collectively known as Ohio State Stock Banks. In a move to save money and have a common design for all of these banks, a single special half inch thick plate was made that had an opening into which interchangeable "slugs" with the bank name could be inserted. This all came to grief when the employees of Rawdon, Wright Hatch & Edson in Cincinnati decided to run off extras one weekend and put them into circulation with false signatures. This episode caused the state to issue a new series of notes and banish RWHE from any further State Stock Bank business. Your cataloger has never been too successful in identifying the counterfeits and was relieved that someone neatly labeled this note a counterfeit on the back. Still an attractive example, this note grades Very Fine and is the plate note in the state catalog.
    From The Wendell Wolka Collection

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    September, 2014
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