At certain times of recessions or depressions the government authorized issuance of fractional currency or bank notes issued by local banks or governments. We recently received an interesting collection of such paper currency from Jack Kokoletsos. We thank Jack for his unusual donation.
This ten cent fractional currency was issued by the Corporation of the Village of Glens Falls on Oct 22, 1862 during the Civil War. Note that it is signed by Village Treasurer E. Benedict and Village President James Ferguson. Engraved by Lewis & Goodwin, Albany, NY.
This twenty-five cent fractional currency was never issued by the Corporation of the Village of Glens Falls. It was dated from the Civil War era. Note that the location for signatures was cancelled by hole punches on the currency where the authorized signatures would appear. Engraved by Lewis & Goodwin, Albany, NY.
Five Dollar Bank Note (front). 2022.009.003a
Five Dollar Bank Note (back). 2022.009.003b
This five dollar bank note was issued by the First National Bank of Glens Falls. It was National Currency secured by United States Bonds deposited with the United States Treasury. (Series 1929, serial number F000261A). The bank notes were issued issued right after the great stock market crash to prop up the banking system and keep the currency market afloat.
A two dollar bank note issued by The Commercial Bank of Glens Falls. No. 1839. Issued Sept. 21, 1864. J. Tayler, Register, F.A. Johnson, Cashier, Augustus Sherman, President. The note is secured by the pledge of public stock and real estate and registered in the Bank Department of State of New York.
This two dollar bank note issued by The Commercial Bank of Glens Falls. No. 3749. Issued Nov. 1, 1861. W. Durlin, Register, J. Scott, Cashier, Augustus Sherman, President. The note is secured by the pledge of public stock and real estate.
Five dollar bank note issued by The First National Bank of Glens Falls. Serial No. 26671. Benjamin Harrison picture on front. Landing of the Pilgrims on the reverse. Secured by United States Bonds or other securities. Bank employee’s signatures on front of note too weak to read.
edited by Tom Lynch, Collections Manager
(c) 2022. Warren County New York Historical Society.
contact: [email protected]
Source: Jack Kokoletsos Collection # 90
Warren County NY Historical Society, 50 Gurney Lane, Queensbury, NY 12804