On February 25, 1863 the United States Congress passed the Loan Bill better known as the National Banking Act. Under this system, all banks that were granted charters by the United States Government were allowed to deposit government bonds with the Treasurer of the United States, after which they could issue notes in an amount that was limited to 90% of the par value of the bonds so given. Bank: The Commercial National Bank of Demopolis, Alabama.
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Please feel free to message us with any questions or concerns. This item is in the category "Coins & Paper Money\Paper Money: US\National Banknotes". The seller is "americanacurrency" and is located in this country: US.
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