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1859 Bank of Chattanooga $10 Ten Dollars Bank Note Red Seal

Currency:USD Category:Collectibles / Autographs Start Price:20.00 USD
1859 Bank of Chattanooga $10 Ten Dollars Bank Note Red Seal

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Auction Date:2015 Jul 29 @ 20:00 (UTC-07:00 : PDT/MST)
Location:2320 W Peoria Ave Suite B142, Phoenix, Arizona, 85029, United States


















Please see the scans below for details on the condition of the note.

The owners of the Bank of Chattanooga also owned the Bank of Memphis. The Tennessee State General Assembly of 1859-1860 enacted a bill, at the owners request, to withdraw the Bank of Memphis and establish in lieu thereof, a branch of the Bank of Chattanooga in Memphis. The parent bank in Chattanooga and the branch bank in Memphis issued common notes starting in 1859 in denominations of $10, $20, $50 and $100. All the notes of this period have "Redeemable at the Bank of Memphis" on a circular red-orange seal. The American Bank Note Company printed these notes. All the notes of this type were signed by the cashier, W. D. Fulton, and the second bank president, John Overton.