FRtR > Essays > Central Banking in the US > The States in Charge > 1853 State Bank Note

A Brief History of Central Banking in the United States


1853 State Bank Note

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This is a promisory note (an IOU) printed by Farmers & Exchange Bank of Charleston, South Carolina. The bank promises to pay to the bearer five dollars on demand, usually in gold or silver coin although this note does not specify. It is dated September 10, 1853.

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