$20 Post Note, 18__ , Bank of the State of Alabama, Huntsville, Proof, PMG Choice Uncirculated 64
The Bank of the State of Alabama was created in 1824. Due to widespread corruption, state authorities moved to liquidate the bank and its branches, which culminated with the bank’s closing in 1845. Final settlements dragged on into the middle of the next decade. This design, which features a portrait of a Native American chief flanked by identical canal scene vignettes as well as that of an eagle, also has a female portrait at left and a vignette of a sailor at right inscribed Don’t Give Up the Ship (referring to the famous James Lawrence War of 1812 quote).
It is the only example known at present
Formerly of the James Cole Collection