867

Wichita Clearing House Association, 1914 Historic World War I Panic Currency Scrip Note.

Currency:USD Category:Coins & Paper Money / Paper Money - United States Start Price:75.00 USD Estimated At:140.00 - 250.00 USD
Wichita Clearing House Association, 1914 Historic World War I Panic Currency Scrip Note.
PLEASE CONTACT US TO REGISTER FOR LIVE BIDDING OR ABSENTEE BIDDING AT:

PH: 1-201-944-4800
FAX: 1-201-871-4345
Web: www.archivesinternational.com
Email: info@archivesinternational.com

Snail Mail: Archives International Auctions
1060 Main Street, Suite 202, River Edge, NJ 07661

The auction will take place on Thursday, November 21st, 2019 at AIA's office located at 1060 Main St., Suite #202, River Edge, NJ 07661 beginning at 10:30 AM
Wichita, Kansas. August 3rd, 1914, Issued and uncancelled scrip note for $1, Black on off white paper, Ornate title and design, no vignettes, back orange-yellow with portrait of young girl in middle, S/N 1630, VF to Choice VF condition. Western litho Co., Wichita. Rare depression related scrip note that was issued due to the onset of the First World War. As an additional emergency measure, the New York Clearing House Association on the morning of August 3, 1914, began the issuance to applying banks of clearing-house loan certificates, which, as in several previous crises, gave further relief to a strained situation and was reported at $158,327,000. The clearing-house associations in Chicago, St. Louis, and in other important cities throughout the country including in Kansas had followed the lead of New York in the issue of loan certificates to help meet threatening conditions. First time seen by cataloger.