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The Cardinal Directions Collection
New York, NY The Western NB Ch. # 3700 PMG12 $5BB

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Note Details

Set Details

Note Description:	$5 1882 Brown Back
Grade:	F 12
Country:	United States
Note Number:	469
Seal Type:	Brown and Brown Back
Signatures/ Vignettes:	Rosecrans Jordan
Certification #:	8044844-001
Owner:	ddr70

Set Category:	Nationals
Set Name:	The Cardinal Directions Collection
Slot Name:	New York, NY The Western NB Ch. # 3700 PMG12 $5BB
Research:	See PMG's Census Report for this Note

Owner's Description

New York, NY The Western NB Ch. # 3700 PMG 12 $5 1882 BB Fr. 469 Radar SN 21312/X823755 pp H dtd. May 9, 1887. Extremely bold and dark penned signatures of H.A. Smith (Smith's signature, if it is indeed his, consists of a whirl of penmanship that gratefully survives to date), Cashier and Jno. E. Searles, President (who served in this position from only 1896-1898 and possessed a beautifully legible signature). This bank issued Brown Backs only during its 16 year run. Liquidated 31 Jan. 1903. Kelly lists just 13 survivors. One of the three institutions chartered in New York City to adopt a geographical title such as "western." All speedily failed, leaving the one obvious choice, "Eastern," unused.

Treasury Secretary Manning, Treasurer Jordan and BEP Chief Graves were reformers who rode in on the coattails of President Grover Cleveland in 1885. Manning and Jordan organized The Western National Bank of the City of New York, charter 3700, on February 9, 1887, before both had officially left their Federal offices. The bank was chartered May 9th with Manning as president, but he was not in good health. Former Secretary of the Treasury Daniel Manning died December 24, 1887. His portrait was used on the $20 Series of 1886 and 1891 silver certificates.