Existing comment:
Why is "Silver Spring" printed on this bill?
"National Currency" was established by the National Banking Act of 1863, which chartered individual national banks to both guarantee their notes featuring the institution's name, a system that lasted until 1935. This $10 note was issued by Silver Spring National Bank in 1920 and featured then, as now, a portrait of the first U.S. Secretary of the Treasury, Alexander Hamilton.
Silver Spring National Bank, charter no. 9830, issued 970 sheets of these series 1929, type 1, ten-dollar notes. In addition to U.S. Register of the Treasury, E. E. Jones and U.S. Treasurer, W. O. Woods, the note is signed by cashier Ira C. Whitacre and president James H. Cissel. |