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A few notes were never redeemed or cut-cancelled; those notes are valued more highly. [5] [citation needed] Two early Republic of Texas heroes are found on redbacks. Both had died prior to the issuance of the notes. Deaf Smith is found on the $5 redback, while the "Father of Texas," Stephen F. Austin, is found on the $50 note.
Private issues from stores, bank issues and tokens as well circulated as a method of accomplishing commercial transactions from 1837 to 1861. Shinplasters circulated in many parts of the western frontier during the mid 1800s, including in the Republic of Texas during its early days. [2]
A banknote or bank note [1] – also called a bill (North American English) or simply a note – is a type of paper money that is made and distributed ("issued") by a bank of issue, payable to the bearer on demand.
Such notes had value only if the bank could be counted on to redeem them; if a bank failed, its notes became worthless. The federal government sometimes issued Treasury Notes to borrow money during periods of economic distress, but proposals for a federal paper currency were politically contentious and recalled the experience of the Continental ...
The Republic of Texas (Spanish: República de Tejas), or simply Texas, was a country in North America. [3] It existed for close to 10 years, from March 2, 1836, to February 19, 1846. Texas shared borders with Mexico, the Republic of the Rio Grande, and the United States. The Republic had engaged in some complex relations with various countries.
It was not until 1877 (19 Stat. 353) that the Bureau of Engraving and Printing was given funding for labor, paper, transportation, and other expenses with the provision that all work be conducted on site, and for a price commensurate with that of the private bank note companies. On 1 October 1877, the BEP took over the production of both United ...
National Gold Bank Notes were issued by private banks, mostly from California. The concept is similar to that of the National Bank Notes, the difference being that National Gold Bank Notes were redeemable in gold. They were issued from 1870 to 1875 in denominations of $5, $10, $20, $50, $100 and $500.
Republic of Texas logo used on some group documents and Web sites. The Republic of Texas (and also known as Provisional Government of the Republic of Texas) is a general term for several organizations, some of which have been called militia groups, [1] [2] [3] that claim the annexation of Texas by the United States was illegal and that Texas remains an independent nation to this day but is ...