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1816 $3 Owl Creek Bank of Ohio - OH-310-G14 - PMG VF 20 KM.2898 Secretary of the Treasury for

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Description

Secretary of the Treasury for the Confederacy for most of the Civil War

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Obverse dies by Christian Gobrecht

Yellowstone National Park (Wyoming) - 33

Victorinus: 268-271

1816 $3 Owl Creek Bank of Ohio - OH-310-G14 - PMG VF 20 KM.2898 Secretary of the Treasury forThe Owl Creek Bank of Mount Vernon pretty well exemplifies the term, Wildcat Banking, despite having occurred before the term typically applies. Opened in 1816, by 1817 they had already been sued. While the bank was acquitted, part of that acquittal was the judgement that the notes didn't even constitute "money". One must imagine that while the owners were likely happy with the acquittal, any holders of the notes were less than thrilled.

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