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Note Details

Set Details
Note Description: $10 1902 Plain Back National Bank Notes
Grade: VF 35
Country: US
Note Number: 627
Seal Type: Blue
Signatures/
Vignettes:		 Vernon
McClung
Certification #: 8090100-017  
Owner: ddr70
Sets Competing: Not competing in any sets
Date Added: 11/16/2021
Research: See PMG's Census Report for this Note

Owner's Description

Spencer, IN The Spencer NB Ch. # (M)9715 PMG 35 $10 1902 PB Fr. 627 SN 4056/T72288E pp C/688 dtd. Mar. 17, 1910. Spenser had two banks, but was the only Owen County town with NBs (FNB (2178) has none known). DBs are available in AU condition. Receiver showed up 7/30/32; Ty. 1s only. Karl I. Nutter was the only President (1910-1932) of this bank while Cashier Frank Wright was the 2d cashier from 1923-1932. Both received prison terms in 1933 for embezzling. Spencer was platted in 1820, and named for Captain Spier Spencer, who fell at the Battle of Tippecanoe, after whom Spencer County is also named.

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