|
STATE BANK NOTES
The Bank of North America was opened in Philadelphia, Pennsylvania in 1782. This Bank issued paper money in the form of
State Bank notes that were payable to the bearer upon demand. During the next 84 years, nearly 3000 State Banks from 35 states were issuing
paper money.
BROKEN BANK NOTES
The National Currency acts of 1863 through 1865 dictated that the State Banks could no longer issue their own currency.
The Banks could either close or request a charter as a National Bank and begin to issue National Currency.
Click Here to Enter Gallery Halls.
|
