Description

    Miamisburg, OH- The Washington Social Library Company-Washington Bank $1 Mar. 1, 1840
    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 Very Good-Fine with no condition issues, has the popular central vignette of Washington crossing the Delaware River.


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    Auction Dates
    September, 2016
    6th-13th Tuesday-Tuesday
    Internet/Mail Bids: 4
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