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| 1882 Fifty Dollar Brown Back National Currency |
1882 Fifty Dollar National Currency Brown Back | The Exchange National Bank of Pittsburgh, Charter number 1057.
Obverse: At the left, Washington crossing the Delaware. At right, Washington at prayer.
Reverse: The charter numbers and surrounding ornament are green, the rest of the reverse is brown.
Signatures: (as depicted) Blanche Kelso Bruce, Register of the Treasury and Albert U. Wyman, Treasurer of the United States.
Inscriptions: National Currency - This Note Is Secured By United States Bonds Deposited With The U.S. Treasurer at Washington - Series 1882 - Will Pay Fifty Dollars To Bearer On Demand - Bureau of Engraving & Printing Treasr Dept - Register of the Treasury - Treasurer of the United States - This Note is receivable at par in all parts of the United States in payment of all taxes and excises and all other dues to the United States except duties on imports and also for all salaries and other debts and demands owing by the United States to Individuals Corporations & associations within the United States except Interest on Public Debt - Counterfeiting or Altering This Note, Or Passing Any Counterfeit or Alteration of it, or having in possession any false or counterfeit plate or impression of it, or any paper made in imitation of the paper on which it is printed, is felony, and is punishable by $1,000 fine or fifteen year imprisonment at hard labor or both.
The Exchange National Bank of Pittsburgh in Pennsylvania printed $18,328,290 dollars worth of national currency. Once a bank issues that much money there really isn't much room for rare issues. This bank was organized in April 1865 with an authorized capital of $100,000. James B. Murray was the first president and Henry M. Murray the first cashier. The institution was placed into receivership on October 23, 1931, by which time the capital had been reduced to $75,000. This national bank opened in 1865 and stopped printing money in 1931, which equals a 67 year printing period. That is considering a long operation period for a national bank. During its life, The Exchange National Bank of Pittsburgh issued 28 different types and denominations of national currency. For the record, The Exchange National Bank Of Pittsburgh was located in Allegheny County. It was assigned charter number 1057.
The Exchange National Bank of Pittsburgh also printed 10,955 sheets of $100 1882 brown back national bank notes. Just because this bank printed more than 1,000 one hundred dollar brown backs does not mean that they are all common.
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