1.25 Dollars, Vermont Glass Factory, The Farmers Bank, Troy, New York, 1814

Object Details

Description (Brief): One (1) 1.25 dollar note; Vermont Glass Factory, The Farmers Bank, Troy, New York , 1814; Obverse Image: A shield with a ribbon draped over a suite of factory buildings.; Obverse Text: FOR THE VALUE RECIEVED PAY W. WALES OR BEARER ONE DOLLAR 25 CTS ON DEMAND FOR ACC OF THE PRESIDENT OF DIRECTORS OF THE VERMONT GLASS FACTORY / NO 1709 / SALISBURY / JANUARY 1, 1814; Reverse Image: N/A; Reverse Text: N/A
Description: This is a promissory note from the Vermont Glass Factory to W. Wales entitling him to one dollar and twenty-five cents from the Farmers Bank of Troy New York. Given note number 1079, the note is dated January 1, 1814, and is signed by the factory’s clerk, Epaphras Jones, and its president, Samuel Swift. This kind of note was known as company scrip. Prior to nationalized banking and a nationally accepted currency, localized trade played a large role in America’s economy. Local companies issued scrip to their employees that could redeemed at the bank for cash or used as cash in other local businesses.
Location: Currently not on view

1814

Physical Description: paper (overall material)
Measurements: overall: 6.2 cm x 16.3 cm x .01 cm; 2 7/16 in x 6 13/32 in x in

See more items in: Work and Industry: National Numismatic Collection; American Enterprise; Coins, Currency and Medals

National Museum of American History

GUID (Link to Original Record): https://n2t.net/ark:/65665/ng49ca746ad-fb6e-704b-e053-15f76fa0b4fa