Description

    Miamisburg, OH- The Washington Social Library Company-Washington Bank $1 Feb. 1, 1840 G2 Wolka 1650-01
    The state legislature chartered the Washington Social Library in 1810 as a subscription library. The principals soon morphed the enterprise into the banking business and even offered to pay bank taxes to the state in an effort to legitimize their efforts. The state did not take this bait and, instead, in 1840 demanded to know by what authority the bank was engaged in that business. As soon as this became public knowledge, the house of cards collapsed and the bank failed in 1841. This $1 note, that grades Fine with no condition issues, has the popular central vignette of Washington crossing the Delaware River.
    From The Wendell Wolka Collection


    Estimate: $300 - $325.

    View all of [The Wendell Wolka Collection ]

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    Auction Dates
    September, 2014
    3rd-8th Wednesday-Monday
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