1923 - Placed in receivership Nov. 14th, capital of $100,000
A short-lived bank that fell victim to local depression after a mere five years of existance, reportedly located in one article I previously had read in what is known as the "Indian Trading Post", or Rebeil Building. However, The only information (besides the notes) I have directly found on the bank is an ad in the 1921 UofA annual which gave the bank's address as 34 E. Congress Street, probably in the Pusch Building. While I have not found a no-questions asked picture of the bank in business, I have learned that part of the building on the right was at one time 26 East Congress, so its a good guess that the left side was 34 East Congress. Hopefully, I can confirm this sometime in the future.
Statehood (Only) Issues
Series 1902 - Plain Back
10-10-10-20 #1 - 6148 ($307,400)
10's = 18,444
20's = 6,148
----------------
Total = 24,592
Large Only
Total Amount Issued = $307,400
Outstanding at close = $67,300
1939
As described in Heritage's Auction Catologue, Jan. 2012:
ReplyDelete"One of the greatest Arizona notes to be unearthed in recent years. It is one of seventeen National Bank Notes from the Colorado Brothel Hoard, which was consigned to us directly by the granddaughter of a woman who was a madam at a Colorado brothel during the 1920's. According to our consignor, her grandmother had kept the $20 payment which was the going rate during the twenties for a whole night with one of the madam's ladies whenever the opportunity arose. The seventeen Nationals were a diverse group, with a couple of great rarities, several scarce Colorado notes, and a sprinkling of notes from other regions, ranging from scarce to very common. This note was a totally unexpected surprise, as it comes from a bank which was in existence for only five years and has never previously been offered at public sale, having been absent from even the massive Huntoon Arizona holdings. Expect some spirited bidding on this PCGS graded Fine 12 specimen before the hammer falls tonight, likely in the range of...
From The Colorado Brothel Hoard Estimate: $10,000 - $15,000"
"I hope she was WORTH IT!"
ReplyDeleteNo wonder there was a "local depression" - money was being spent in Denver instead of supporting the local "business"
ReplyDelete