 |
| 1864 20 Dollar Compound Interest Treasury Note |
 |
| 1864 $20 Compound Interest Treasury Note |
United States paper money - 1864 Twenty Dollar Compound Interest Treasury Note
Obverse: Portrait vignette of Abraham Lincoln at right. The famous portrait vignette was used on certain $10 notes of the era and engraved by Frederick Girsch from the photograph by G.S. German. Shields at the lower left and right are respectively inscribed "GOD AND OUR RIGHT" and "IN GOD IS OUR TRUST." By this time various experiments with a motto in God were conducted on pattern coins, culminating with "IN GOD WE TRUST." The female allegory at the left represents Victory. At the lower center is a mortar firing. The obverse of each note is surcharged in large gold letters with “Compound Interest Treasury Note” and the numerals of the denomination.
Reverse: Ornate Engraved Design. Redemption value $.
Signatures: (as depicted) Stoddard Benham Colby, Register of the Treasury and Francis Elias Spinner, Treasurer of the United States.
Inscriptions: Legal Tender For Twenty Dollars - Treasury Department - Act of June 30th 1864 - Three Years After Date The United States Will Pay The Bearer With Interest At The Rate Of Six Percent Interest Per Annum Twenty Dollars - Treasury Note - Register Of The Treasury - Treasurer Of The United States - By Act of Congress this Note is a Legal Tender for Twenty Dollars but bears Interest at six percent compounded every six months though payable only at maturity as follows - This sum $23.88 will be paid the holder for principal and at maturity of note three years from date.
Reverse: Ornate Engraved Design. Redemption value $.
Signatures: (as depicted) Stoddard Benham Colby, Register of the Treasury and Francis Elias Spinner, Treasurer of the United States.
Inscriptions: Legal Tender For Twenty Dollars - Treasury Department - Act of June 30th 1864 - Three Years After Date The United States Will Pay The Bearer With Interest At The Rate Of Six Percent Interest Per Annum Twenty Dollars - Treasury Note - Register Of The Treasury - Treasurer Of The United States - By Act of Congress this Note is a Legal Tender for Twenty Dollars but bears Interest at six percent compounded every six months though payable only at maturity as follows - This sum $23.88 will be paid the holder for principal and at maturity of note three years from date.
United States 20 Dollar Bills
United States 20 Dollar Bill, Compound Interest Treasury Note, Series 1864
20 Dollars : United States Military Payment Certificates US MPC
Stoddard Benham Colby, Register of the Treasury
Stoddard Benham Colby (February 3, 1816 – September 21, 1867) was an American lawyer and political figure. He is notable for his service as Register of the United States Treasury during the American Civil War.
Colby was born in Derby, Vermont on February 3, 1816. He was educated in Derby, and prepared for college by studying in the office of attorney Timothy P. Redfield. He graduated from Dartmouth College in 1836, and was elected to Phi Beta Kappa. He studied law with William Upham, was admitted to the bar, and practiced law in Derby. In 1840 he was elected to a single term in the Vermont House of Representatives, and served from 1841 to 1843. In 1846 he began to practice in Montpelier as the partner of Lucius B. Peck.
He was an unsuccessful Democratic candidate for the United States House of Representatives in 1856.
Colby was appointed Register of the Treasury and assumed office on August 12, 1864.
Colby died in Haverhill, New Hampshire following a five-week illness. He was buried at Proctor Cemetery in Proctorsville, Vermont.