PMG Choice Uncirculated 63, Proof
The bank was formed in 1860 and, like so many of its peers in the state, failed during the run up to the Civil War in 1861, as the price of southern bonds used to secure many Illinois banks’ circulations collapsed. The note features a handsome vignette of steamboats on the river. The state free banking die appears at left. Green is the predominant color of the note’s security features including the borders, background of the signature spaces, and security panel on the left end. This is a striking green and black note printed on India paper mounted on cardstock with the usual POCs in the signature lines.
From the Michael S. Tallent Collection