1 Dollar, Corn Exchange Bank, De Soto, Nebraska, 1860
date: label: date made
content: 1860
name: label: maker
content: National Bank Note Co.
notes: label: Description (Brief)
content: One (1) dollar note, obsolete currency
label: Description (Brief)
content: The Corn Exchange Bank, De Soto, Nebraska, 1860
label: Description (Brief)
content: Obverse Image: Decorative guilloche patterns printed in green ink across the top in black ink a woman and child in nature with cows and ducks. In the bottom right corner there is a bee hive.
label: Description (Brief)
content: Obverse Text: THE CORN EXCHANGE BANK / WILL PAY / ONE DOLLAR / TO BEARER ON DEMAND / DE SOTO / NEBRASKA / DEC. 12 1860 / CASHIER / PRESIDENT / 1 / ONE
label: Description (Brief)
content: Reverse Image: N/A
label: Description (Brief)
content: Reverse Text: N/A
label: Description
content: The National Bank Note Company printed this one dollar note for the Corn Exchange Bank in De Soto, Nebraska in 1860. The note features a pastoral image of a young boy and girl herding cattle in the upper left, with two beehives in the lower right. A portrait of an unknown girl is in the center of the note. The signature line for the bank’s president is signed by H. K. Smith; the cashier’s signature line is blank.
label: Description
content: From 1790 to 1863, states and private banks issued their own currency to supply capital in a young nation without a national currency. This currency was backed by the hard money the banks had on deposit, and was only used locally where the bank and its operators were trusted in the community. However, banks often oversupplied notes, and this overextension caused bankruptcy among private and state banks when financial panic struck, particularly in 1837. Currencies from these failed banks are known as “obsolete bank notes” or “broken bank notes,” and several are held in the National Numismatic Collection.
label: Location
content: Currently not on view
place: label: place made
content: United States: Ohio, Cleveland
setName: label: See more items in
content: Work and Industry: National Numismatic Collection
label: See more items in
content: American Enterprise
label: See more items in
content: Coins, Currency and Medals
dataSource: label: Data Source
content: National Museum of American History
identifier: label: ID Number
content: 2014.0016.002
label: accession number
content: 2014.0016
label: catalog number
content: 2014.0016.002
label: serial number
content: 6602
objectType: label: Object Name
content: note
physicalDescription: label: Physical Description
content: paper (overall material)
label: Measurements
content: overall: 7.4 cm x 18 cm x .01 cm; 2 29/32 in x 7 3/32 in x in