Ohio Bank Note
From 1863 until 1935 National Bank Notes were another kind of
currency issued in the United States and its territories. In
the beginning, the U.S. Government did not print bills. Instead,
each bank could get a charter from the government and then the
bank could issue National Bank Notes. On February 25, 1863,
Congress passed the National Banking Act. This Act was intended
to create more money to help fight the Civil War. It also helped
the United States begin to regulate currency, so that there
weren’t so many people printing different money.
People trusted National Bank Notes more than they trusted Private
Bank Notes, because National Bank notes were backed by the Government.
Each National Bank Note was signed by the local bank officials,
and each one had the bank’s name and town where it was
located spelled out on the note.
After 1875, the Federal Government printed all bank notes. They
were sent in large sheets to the individual banks where bank
officials signed each one (or used a rubber stamp that had a
facsimile of the signature), then cut them into separate notes.