1882 Nationals Sub Types with Group Number
New York, NY The Western NB Ch. # 3700 PMG12 $5

Slot Comment:

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. Se...
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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: 1882 Nationals Sub Types with Group Number
Slot Name: New York, NY The Western NB Ch. # 3700 PMG12 $5
Research: See PMG's Census Report for this Note

Owner's Description

Gp 17ii 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. Secretary Manning, Treasurer Jordan and BEP Chief Graves were reformers who rode in on the coattails of President 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 (New York Times, Oct 17, 1897). 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. Having his portrait on a Series of 1886 note may appear paradoxical because an act passed April 7, 1866 forbade the use of portraits of living people on currency and bonds. However, the first 1,000 sheets of $20 Series of 1886 notes weren’t delivered to the Treasurer until fiscal year 1888 (Fairchild, 1888, p. 9), because they were still printing $20 Series of 1880 silver certificates in fiscal year 1887. This is a Pink Seal and Charter note. This occured on $5BBs for the X, Y, and Z blocks issued in the mid-1896 to early 1898, consistent with President Searles' signature. It sports an old NY state seal on the back.

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