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    City of Ohio, OH- Ohio Rail Road Co. $5 Sep. 1, 1840 Wolka 0693-04
    The Ohio Rail Road Co. was one of the many state-sponsored internal improvement projects in Midwestern states that did not pan out. Chartered in 1836, the line started issuing large amounts of paper money in 1837 and was listed as an unauthorized note issuer in the 1839 Ohio Bank Commissioners' Report. The Bank of Cleveland, which had an equity stake in the railroad and was attempting to redeem its currency issues, failed in 1842, and it is believed that the railroad never laid a rail. This note grades Very Good and bears an oval stamp for the Exchange Bank, Cleveland. There are two stamp-hinge remnants on the back, one of which has been carelessly removed.

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    Auction Dates
    February, 2016
    2nd Tuesday
    Internet/Mail Bids: 7
    Lot Tracking Activity: N/A
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