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<p>[QUOTE="kaparthy, post: 1817393, member: 57463"]According to the Keweenaw Historical Society: "One of the most noteworthy historical sites in Keweenaw County is Central, or Central Mine, a village that once was the home for over 1,200 people, and the site of one Keweenaw's most successful mines. The mine, opened in 1854, produced nearly 52 million pounds of copper by the time it closed in 1898.."</p><p><br /></p><p>[ATTACH=full]297855[/ATTACH]</p><p><br /></p><p>I believe that the huge copper exports from Northern Michigan, purchased by the US Mint were the reason that the Indiandhead Cent wears a Chippewa (Ojibway) headdress. The standard story is that the visiting chief placed his warbonnet on little Sarah Longacre; but that legend has been found wanting evidence.</p><p><br /></p><p>Independent of that, these notes also show a circumvention of the federal law of 1863 placing a 10% tax on private banknotes. These are technically bank drafts, payable to the clerk of the Mine.</p><p><br /></p><p>The way it worked was these circulated in town while the Great Lakes were frozen over. When shipping resumed, they were redeemed for New York money. (The back with endorsements is attached.)[/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 1817393, member: 57463"]According to the Keweenaw Historical Society: "One of the most noteworthy historical sites in Keweenaw County is Central, or Central Mine, a village that once was the home for over 1,200 people, and the site of one Keweenaw's most successful mines. The mine, opened in 1854, produced nearly 52 million pounds of copper by the time it closed in 1898.." [ATTACH=full]297855[/ATTACH] I believe that the huge copper exports from Northern Michigan, purchased by the US Mint were the reason that the Indiandhead Cent wears a Chippewa (Ojibway) headdress. The standard story is that the visiting chief placed his warbonnet on little Sarah Longacre; but that legend has been found wanting evidence. Independent of that, these notes also show a circumvention of the federal law of 1863 placing a 10% tax on private banknotes. These are technically bank drafts, payable to the clerk of the Mine. The way it worked was these circulated in town while the Great Lakes were frozen over. When shipping resumed, they were redeemed for New York money. (The back with endorsements is attached.)[/QUOTE]
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