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Farmers and Merchants Bank of Los Angeles, 1872, With G.D. Compton & Downey Autographs.

Currency:USD Category:Coins & Paper Money / Paper Money - United States Start Price:100.00 USD Estimated At:150.00 - 250.00 USD
Farmers and Merchants Bank of Los Angeles, 1872, With G.D. Compton & Downey Autographs.
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The auction will take place on October 24, 2023 at AIA's office located at 1060 Main St., Suite #202, River Edge, NJ 07661 beginning at 11:00 AM
Los Angeles, California, 1872, $500, issued and spindle cancelled, young woman on top right, ornate title, S/N 333, Issued to and signed by Griffith Dickenson Compton and signed by John G. Downey as President. Griffith Dickenson Compton led a group of thirty pioneers to the Los Angeles area in 1867. They traveled by wagon train from Stockton, California. They named the area Comptonville which was shortened to Compton. In 1888 the city of Compton was incorporated. John Gately Downey was an Irish-American politician and the seventh Governor of California from January 14, 1860 to January 10, 1862. Downey, California is named in Downey's honor. His land company owned the land that was subdivided to create the town in the 1870s. Downey’s major highlight is having the third McDonalds ever opened (in 1953) and it is the oldest McDonalds still in business, which was 5 miles from where the cataloger was raised.