Thursday, March 24, 2011

Bank Notes redux

Back in February I found out that Bank of England bank notes used to be one-time use. Now I find out - via a Jaques Futrelle 'Thinking Machine' story and some research$5 note from Ft Myers - that in the US, between 1863 and 1935, banks could issue their own notes as legal currency.

Here's the line from 'The Man Who Was Lost' (available on line here):

“Series B, hundred-dollar bills 846380 to 846395 issued by this bank$10 note from Chariton are not in existence. Were destroyed by fire, together with twenty-seven others of the same series. Government has been asked to grant permission to reissue these numbers.”
Fascinating.

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