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    Description

    Norwalk, OH - Bank of Norwalk Altered from Vernon, TX $10 Jul. 1, 1841 A10 Wolka 2005-34
    The Whitman Plate Note. The Bank of Norwalk was organized in 1833 and remained in business until it suspended in early 1849 due to the poor quality of its loan portfolio. As if this were not bad enough, some enterprising person was busily turning out altered notes. According to sources as far back as the 1840s, notes like this were altered from the Bank of Vernon, TX. Your cataloger has come to the conclusion that this information is incorrect. Texas collectors have never seen notes from a Bank of Vernon, and the town did not exist yet in the 1840s. There is no argument that these notes are altered. The question remains, however, as to where the source notes originated. PCGS Apparent Fine 12 due to edge tears and minor damage. Rare in every sense of the word.


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    Auction Dates
    November, 2015
    17th-24th Tuesday-Tuesday
    Internet/Mail Bids: 9
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