1830-40 Texas Columbia Obsolete $1 PMG Superb Gem 67 EPQ C and A Bank TX5G2

Columbia, Texas. The Commercial & Agricultural Bank of Texas. ND (18xx). $1. PMG Superb Gem Uncirculated 67 EPQ. Remainder. (TX-5 G2) Draper, Toppan, Longacre & Co. Phila & N.Y. At left, Daniel Boone standing with rifle. At right, Indian near shore in canoe. The Commercial & Agricultural Bank of Texas was authorized in April 1835 and was headquartered in the town of Columbia, before Texas joined the Union (in 1845). The C&A was the only bank authorized in the state of Texas prior to the first National Banks being chartered in the state in 1865. This authority dated back to 1835, when the bank's charter was granted by the Mexican government. Therefore, the Mexican eagle vignette is at top center. This uniface remainder from the C plate is denominated "One Dollar" in English and "Un Peso" in Spanish. The capital was set at a maximum of $1,000,000, and the bank was allowed to establish branches wherever it wanted to. Although on December 14, 1837, the Texas Congress had passed an act prohibiting any person or entity to issue paper money, on February 3, 1841, the Congress authorized McKinney & Williams, proprietors of the Commercial and Agricultural Bank, to issue $30,000 worth of bills, as the partnership had provided financial aid to the Texas government earlier. Notwithstanding this, the bank never opened its doors. A supply of bills ordered from Philadelphia was thus useless at the time, but generations later proved to be a boon to collectors, yielding the available supply of numismatic mementoes of this bank that might have been, but wasn't. This examples comes exceptionally margined and sharply printed in dark inks. Check out all the great US Coins, Paper Money, Ancients, World and Exonumia at Sarasota Numismatics. We are happy to answer any questions about this or anything in our vast inventory.