I was in Baton Rouge for work a few months ago and was able to pick this sheet up from an obsolete bank down the road in New Orleans. The colors on the reverse are great and all the notes are very bright with little paper aging. Jeff
I love the designs on the front, what a great addition to your collection. Do you know anything of the Bank's history?
Here is a description of the history of the bank...the note is from the 1830-1850 era. 1861 the US issued Federal currency and individual banks were not allowed to issue their own currency since there was serious questions of what backed the papermoney in the first place. Jeff 1831-1838 New Basin Canal is built The New Basin Canal is built using Irish immigrant labor, claiming the lives of many men who work on its construction. The canal serves as a transport route between downtown New Orleans and Lake Pontchartrain. Pleasure seekers take a mule-drawn barge, complete with musical entertainment, along the New Basin Canal to the resort at New Lake End (now known as West End). The arduous task of digging the canal through alligator and snake-infested swamps began in 1832. In that same year, a cholera epidemic hit the city and 6,000 people died in 20 days, many of whom were Irish. When the canal opened for traffic in 1838, there were 8,000 Irish laborers who would never see their homes again, having succumbed to cholera and yellow fever. It was the worst single disaster to befall the Irish in their entire history in New Orleans. Ironically, the New Orleans canal and banking company which owned and built the canal was founded by the aforementioned Maunsel White, and another Irish-born gentleman, Charles Byrne, was a major shareholder. ==================== The Canal Bank & Trust Company went into liquidation on March 1, 1933 following the National Bank Holiday. Originally organized as the New Orleans Canal and Banking Company in 1831, this financial institution was succeeded on May 22, 1933 by the National Bank of Commerce in New Orleans ================ 1861 Assets of $4,000,000
