Posted 02/21/2024 10:55 am
Short answer is it was done to increase the money supply and develop confidence in the local National banking system following the Civil War. The first notes were originally printed
By the American Bank Note Company. Later notes were printed by The Bureau of Engraving and Printing. They were never printed by the local banks. The only things added by the local banks were the signatures of the President and cashier by either hand, rubber stamped or by overprinting (large notes only. The small notes signatures were all done by the BEP).
By the American Bank Note Company. Later notes were printed by The Bureau of Engraving and Printing. They were never printed by the local banks. The only things added by the local banks were the signatures of the President and cashier by either hand, rubber stamped or by overprinting (large notes only. The small notes signatures were all done by the BEP).
Edited by westernsky
02/21/2024 10:59 am
02/21/2024 10:59 am
