1908 - Receivership March 24th ; Capital of $50,000
Anecdotally, I have heard a humorus report that the 1910 census listed the former cashier and president of this bank as residents of an Arizona jail - incompetent management indeed!In my younger day, this was the "Holy Grail" for Arizona National Banknote collectors. While an uncut proof-sheet had been observed, an actually-issued banknote was at that time unknown. Since those days, one has surfaced and with it's discovery all Arizona issuing cities\towns are now known.
Territorial Issues (Only)
Series 1902 - Red Seal
10-10-10-20 #1 - 1672 ($83,600)
10's = 501620's = 1672
Total notes issued = 6688
Total $ Circulation = $83,600
Outstanding 1908 = $50,000
Outstanding 1916 = $1,280
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