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Hokiefan's Collection Of Arkansas Obsoletes, Scrip And National Bank Notes

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Author Replies: 437 / Views: 23,611Next Topic
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 Posted 09/16/2026  06:33 am  Show Profile   Bookmark this reply Add CoolBreeze to your friends list Get a Link to this Reply
Informative post detailing the town names. The signatures look great on your Mena note.
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jbuck's Avatar
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 Posted 09/16/2026  09:46 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
It has a net grade due to a split repair, but still a decent example overall.
Very nice!
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fortcollins's Avatar
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 Posted 09/16/2026  11:11 am  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
DeQueen has the best name for its newspaper, too.
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jbuck's Avatar
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hokiefan_82's Avatar
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 Posted 09/16/2026  12:43 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply
Thanks, guys!

Quote:
DeQueen has the best name for its newspaper, too.


Quote:
De Queen Bee

That's great!
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My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/
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hokiefan_82's Avatar
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 Posted 09/17/2026  1:44 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply
Here's a new acquisition, a $3 note issued by W.B. Crocker & Co. and redeemable by McLaren & Jackson. Both were large general merchants in Des Arc, Arkansas. PMG and PCGS generally misspell McLaren's name as McLoren as that's how Rothert listed it in his reference, but there are advertisements from the local newspaper of the period which show the correct spelling is McLaren. While quite faded on this example, there is a vignette of a train on the left.

These notes were issued in denominations of 25 cents, 50 cents, $1, $3 and $5, and all are of the same basic design as this example. This particular note is Rothert 145-10. Rothert lists 3 varieties with different typesets, dates, and/or redemption clauses. However, as is often the case, his reference is incomplete as I own 3 other notes from this issuer which are unlisted.
Hokiefan's-Collection-Of-Arkansas-Obsoletes,-Scrip-And-National-Bank-Notes
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hokiefan_82's Avatar
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 Posted 09/18/2026  9:58 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply
Thanks, jbuck!
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publius's Avatar
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 Posted 09/18/2026  10:42 pm  Show Profile   Bookmark this reply Add publius to your friends list Get a Link to this Reply

Quote:
The First National Bank of Mena, Arkansas . issued 1902 RS, DB and PB notes in denominations of $10 and $20, with a total of twelve notes listed in the census.


Growing up in the Dallas, Texas area, Queen Wilhelmina State Park on the mountain above Mena was a favorite vacation spot. I never even thought to look for the place in my copy of Slabaugh's Specialized Catalog, but I see he reports small-size $5, $10, and $20 notes under charter 13693.
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hokiefan_82's Avatar
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 Posted 09/18/2026  11:40 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply
That's correct, publius. Charter 13693, The Planters National Bank of Mena, issued only 1929 Type 2 notes in denominations of $5, $10 and $20. There are about 20 altogether in the NBN census, and I have one of the $5 notes in my collection. The third issuing charter in Mena, The National Bank of Mena (Ch# 7829) issued only 1902 Red Seal and 1902 Date Back notes in $5, $10, and $20 denominations, but there is only a single note from that charter in the census - a $5 1902 Red Seal.
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hokiefan_82's Avatar
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 Posted 09/20/2026  11:48 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply
Thank you, Dearborn!
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MintedNotPrinted's Avatar
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 Posted 09/21/2026  12:53 am  Show Profile   Bookmark this reply Add MintedNotPrinted to your friends list Get a Link to this Reply
Very interesting, as always. Nice note!
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hokiefan_82's Avatar
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 Posted 09/21/2026  2:35 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply
Thanks, MNP!
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hokiefan_82's Avatar
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 Posted Today  16M ago  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply
Here's another note issued by the Cincinnati & Little Rock Slate Company, a $1 note with engraved back (Rothert 409-2). This is a decent example though it does have a number of pinholes.

The company issued $1, $2, $3, $5 and $10 notes with both plain and engraved backs. The faces feature a variety of vignettes with miners and stoneworkers, and while all are listed as R5 by Rothert (11 to 25 known) they come up for sale fairly often. There were also $50 and $100 notes issued, but those are quite rare. Though Rothert doesn't mention them, I assume he suspected $20 were also issued as he left a gap in the numbering of the notes after the $10 and before the $50.
Hokiefan's-Collection-Of-Arkansas-Obsoletes,-Scrip-And-National-Bank-Notes

This company was founded in 1852 to mine slate deposits around Little Rock, but evidently became primarily a front for an illegal banking operation. Quoting from the Supreme Court case Davidson vs. Lanier (1866):

"A statute of Tennessee, enacted in 1827 and entitled "An act to suppress private banking," made it penal to erect, establish, institute, or put in operation or to issue any bills or notes for the purpose of erecting, establishing, or putting in operation any banking institution, association, or concern.

In January, 1856, this act being in force, several persons, of whom one Richard M. Kirby seems to have been the principal, undertook to establish a banking association or company in Memphis, Tennessee, under cover of a charter granted by the State of Arkansas for a corporation styled "The Cincinnati and Little Rock Slate Company." Their object was to issue bills for circulation as money, and use them in the cotton trade."
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Edited by hokiefan_82
Today 15M ago
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