Academic journal article ABA Banking Journal

Old and "Noteworthy"

Academic journal article ABA Banking Journal

Old and "Noteworthy"

Article excerpt

IN A HIGH-TECH WORLD OF 24x7 covenience and expediency, one Southern company is proving that nostalgia is indeed alive and well.

Wall Street Creations Ltd.--based in Rome, Ga., despite its moniker--says it's finding a strong response to its collection of national bank notes dating from 1863 to 1935. The government allowed local banks to print their own currency in an effort to stimulate the use of paper money during that era. According to Acy Crawford, Wall Street Creations' general manager, more than 14,000 national bank note charters were issued to towns across the nation during the 72-year period. The currency featured the name of the local bank and the town where it was issued and was backed by the federal government up to a maximum amount determined by the town's population. Although officially discontinued in 1935, Crawford said the notes continue to generate a great deal of interest at currency shows and with dealers. …

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