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

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jbuck's Avatar
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hokiefan_82's Avatar
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 Posted 10/01/2025  6:07 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply
Thanks, jbuck!
Member of SPMC, FCCB, ANA and ANS.
My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/
My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188
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hokiefan_82's Avatar
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 Posted 10/08/2025  3:13 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply
A couple more Arkansas notes I got this week. The first is a $1 Certificate of Indebtedness from Little Rock. I have a $2 version of this in the same grade. The trim is uneven and there is a bit of staining at one corner (not noted on the holder), but overall a decent example. I found it interesting that on the signature line, "President of City Council" is crossed out and "Mayor" is handwritten. The mayor of Little Rock at the time, Dr. Robert Francis Catterson, signed the note.
Hokiefan's-Collection-Of-Arkansas-Obsoletes,-Scrip-And-National-Bank-Notes

The other one is a $1 note from the Cincinnati and Little Rock Slate Company. I have three $3 notes from this company already (two with engraved back and one without). PMG noted "Pinholes" on the holder; I can see two in the upper left corner of the face with a bit of rust mark around the pinholes. I don't yet have the note in hand, so there might be others; it's a bit hard to say from the seller's pics.
Hokiefan's-Collection-Of-Arkansas-Obsoletes,-Scrip-And-National-Bank-Notes
Member of SPMC, FCCB, ANA and ANS.
My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/
My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188
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HondoB's Avatar
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 Posted 10/08/2025  3:36 pm  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
Another pair of fantastic acquisitions, Hokie!
Inordinately fascinated by bits of metal with strange markings and figures
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 Posted 10/08/2025  3:38 pm  Show Profile   Bookmark this reply Add Ynnad to your friends list Get a Link to this Reply
The obligation on the Mayers $1.50 note states "'... due. when the sum of $5, $10, $20, or $50 is presented to our Counter, ." None of those amounts are divisible by 1.50. How is that supposed to work?
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hokiefan_82's Avatar
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 Posted 10/08/2025  5:41 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply
Thank you, Hondo Boguss and jbuck!


Quote:
None of those amounts are divisible by 1.50. How is that supposed to work?

Good question, Ynnad. For that $1.50 note, the merchant White&Hanley issued notes of denominations 25c, 50c, 75c, $1, $1.50, $2, and $2.50 (and possibly others). I expect that combinations of different denomination notes from that merchant which would total $5, $10, etc. would have been acceptable to meet the obligation for exchange. That's been my assumption, anyhow!
Member of SPMC, FCCB, ANA and ANS.
My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/
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 Posted 10/08/2025  9:41 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply
I was successful in winning three Arkansas NBN's this morning on the Heritage GACC U.S. Currency Signature auction. The first two I'll share were the ones I was quite determined to win; the third one in my next post was a nice extra for me. All three of these notes were last publicly sold at a Heritage auction in Memphis in 2010.

The First National Bank of Eureka Springs, AR, was chartered on January 2, 1907, and went into receivership on January 6, 1931. It was the only issuing charter for the town. The bank issued $5, $10 and $20 denomination 1902 RS/DB/PB and 1929 Ty.1 notes. A total of six large size and five small size notes are currently listed in the National Bank Note census.

Only 4086 1929 Ty.1 notes issued across all denominations, with just 486 of those being $20 denomination notes. One $5, one $10 and three $20 1929 Ty.1 notes are currently listed in the census.

Signatures of cashier E.T. (Enoch Tobe) Smith and president F.O. (Festus Orestes) Butt.
F.O. Butt was a politician, attorney, judge and banker who also served two terms as mayor of Eureka Springs.
Hokiefan's-Collection-Of-Arkansas-Obsoletes,-Scrip-And-National-Bank-Notes

1902 RS and DB notes were issued in fairly small numbers (2600 and 7680, respectively). 1902 PB notes were more plentiful with 26700 in total issued. There is one $5 1902 RS, one $10 1902 PB, and four $5 1902 PB listed in the National Bank Note census. There are no Date Backs listed at this time.
Signatures of Assistant Cashier F.N. Sawyer and president F.O. Butt.
Hokiefan's-Collection-Of-Arkansas-Obsoletes,-Scrip-And-National-Bank-Notes

Eureka Springs is a very interesting Victorian-era resort town in the Ozarks of northwest Arkansas, and has a lot of the older houses, buildings and hotels still in existence. The entire town was placed on the National Register of Historic Places in 1970. It's a great place to visit if you're ever in the area.
Member of SPMC, FCCB, ANA and ANS.
My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/
My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188
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 Posted 10/08/2025  9:43 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply
The First National Bank of Newark, AR, was chartered in 1908 and was open past 1935. The bank issued $5 and $10 1902 RS/DB/PB and 1929 T1/T2 notes. This was the only issuing charter for the town.

There are ten $5 1929 Ty.1 notes in the National Bank Note census, and six of those are serial #1 notes. According to Heritage these were cut from a sheet many years ago. While I don't seek out low serial number notes, this was a good opportunity for me to fill a hole in my Arkansas NBN set and also acquire my first serial #1.
Signatures of cashier T.M. Harrelson and president C.M. Edwards.
Hokiefan's-Collection-Of-Arkansas-Obsoletes,-Scrip-And-National-Bank-Notes
Member of SPMC, FCCB, ANA and ANS.
My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/
My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188
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 Posted 10/09/2025  09:57 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I was successful in winning three Arkansas NBN's this morning on the Heritage GACC U.S. Currency Signature auction.
Fantastic!
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hokiefan_82's Avatar
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 Posted 10/09/2025  11:03 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply
Thank you Dearborn and jbuck!
Member of SPMC, FCCB, ANA and ANS.
My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/
My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188
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hokiefan_82's Avatar
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 Posted 10/16/2025  5:46 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply
Centre Point, Arkansas, was the first county seat of Howard County in southwest Arkansas. It's now a small unincorporated community.

James Clardy owned a large house that was purchased to become the court house when the town became the county seat. Clardy and another merchant named McGuire became partners and began trading after 1860. They issued notes of various denominations; all are scarce and listed by Rothert as R-7 (1-5 examples known for each).

This is a well-worn 75 cent example but resides in a comment-free PMG holder.
Hokiefan's-Collection-Of-Arkansas-Obsoletes,-Scrip-And-National-Bank-Notes

Peters Landing, also simply called Peters, was a boat landing located on the Mississippi River about 25 miles southwest of Memphis, Tennessee.

George B. Peters was a physician who had a practice in Memphis, and was prominent in political and social circles in southwest Tennessee before moving to his plantation in Arkansas around 1866. He issued notes in denominations of 25c, 50c, $1, $2 and $5, and all are very rare. This note is undated, but Rothert states they were likely issued around 1873-1877.

While this note is a bit ragged, with "Tears, Previously Mounted" noted on the PMG holder, I was quite pleased to add it to my collection.
Hokiefan's-Collection-Of-Arkansas-Obsoletes,-Scrip-And-National-Bank-Notes

The last note is another example from The Cincinnati & Little Rock Slate Company, this one in the denomination of $10 and with an engraved back. PMG notes minor ink burn on the holder.
Hokiefan's-Collection-Of-Arkansas-Obsoletes,-Scrip-And-National-Bank-Notes
Member of SPMC, FCCB, ANA and ANS.
My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/
My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188
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hokiefan_82's Avatar
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 Posted 10/19/2025  11:50 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply
Thanks, jbuck!
Member of SPMC, FCCB, ANA and ANS.
My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/
My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188
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