Allen Rowe

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July 15, 2012
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Did Nevada issue currency? Bank on it

In 1863, the National Banking Act birthed a new type of currency in the United States. These notes were issued by the government for National banks. A National Bank put United States Bonds on deposit with the Treasury and then had notes printed against that deposit. Printed in both the large and small formats, these notes were issued up until 1935, when other types of currency replaced them in circulation. These notes were issued in states, provinces, territories and even Indian territories. A note would bear the name of the issuing bank as well as the city and state, province …

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The Nevada Appeal Updated Jul 15, 2012 05:14AM Published Jul 15, 2012 05:13AM Copyright 2012 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.