$1.00 from The Dayton Bank

Description
Mr. Dayton is known to history solely by the currency he had printed for his bank, and it is not known whether the bank ever opened its doors. But it was his bank, and he had the right, so his grim visage, complete with imposing widow's peak, graces each of the three known denominations: one-, two-, and five-dollar bills.
The Dayton Bank was one of thousands of private issuers, supplying the capital that created the economic miracle of 19th-century America. No government dared issue paper money in those days: Americans had been so badly burned by inflation during one crisis (the Revolutionary War), that they would not countenance another public issue until another crisis (the Civil War).
The imagery on this note is very typical of that found in this period, especially on issues from western banks. Racial and ethnic stereotypes were prevalent and emphasized the dominance of white culture.
Object Name
paper money
Date made
1853
referenced
Dayton Bank
maker
Danforth, Wright & Co.
Physical Description
paper (overall material)
place made
United States: Minnesota, St. Paul
ID Number
NU*233479.0001
catalog number
NU 62181
accession number
233479
subject
Coins, Currency and Medals
Indians
Banks
See more items in
Armed Forces History: National Numismatic Collection
Data Source
National Museum of American History, Kenneth E. Behring Center
Additional Media

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