Proof sheet for $10-10-10-10 of the District National Bank of Washington, DC, 1909

Proof sheet for $10-10-10-10 of the District National Bank of Washington, DC, 1909

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Description
National bank note proof of the National City Bank of Washington, DC, Charter 9545. $10-10-10-10, 1905. The $10 note shows a portrait on the left of William McKinley, twenty-fifth President of the United States, who was shot at the Pan American Exposition in Buffalo and died September 14, 1901. These notes were from the Series of 1902. The Financial Panic of 1907 prompted Congress to pass the Aldrich-Vreeland Act of 1908. This emergency law permitted banks issuing national bank notes to substitute “or other securities” for United States Bonds deposited with the Treasurer to back up the national bank notes between 1908 and 1915. It was intended to increase the supply of circulating money. The phrase “or other securities” appears on the face to reflect this change. This bank was organized on September 8, 1909 and went into receivership on November 11, 1933. Forty-eight large size notes and forty-seven small size notes after 1929 are known among collectors for this bank.
Location
Currently not on view
Object Name
Proof sheet
date made
1872
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1905
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Place Made
United States: California, San Francisco
place made
United States: District of Columbia, Washington
Measurements
overall: 34.3 cm x 20.4 cm; 13 1/2 in x 8 1/16 in
ID Number
NNC.297219.00550
accession number
297219
catalog number
NU*297219.00550
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Work and Industry: National Numismatic Collection
Coins, Currency and Medals
Data Source
National Museum of American History
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