File:Bank of Tekamah Note.jpg

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Bank_of_Tekamah_Note.jpg(640 × 289 pixels, file size: 70 KB, MIME type: image/jpeg)

Information = Bank Note, Bank of Tekamah, $5; 1857

Description = The early banks of Nebraska were created by the territorial legislature. Requirements for opening and operating a bank were liberal. Banks were given the authority to issue bank notes as money. These “wildcat notes” circulated freely, riding the crest of the boom years of land speculation and investment in proposed town sites, railroads, and industries. The value of these notes fluctuated, counterfeiting was common, and businessmen often refused to accept them. By 1857 the financial panic in the East had spread to the territory. The boom period ended and wildcat banks failed, making the notes worthless and destroying public confidence in banks.

Source = State Historic Preservation Office, Nebraska State Historical Society.

Date = Unknown

Author = Unknown

Permission = Content is available under Attribution-NonCommercial-NoDerivs 3.0 Unported. See http://creativecommons.org/licenses/by-nc-nd/3.0/

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current10:16, 9 January 2018Thumbnail for version as of 10:16, 9 January 2018640 × 289 (70 KB)Joelle (Talk | contribs)Information = Bank Note, Bank of Tekamah, $5; 1857 Description = The early banks of Nebraska were created by the territorial legislature. Requirements for opening and operating a bank were liberal. Banks were given the authority to issue bank notes as...
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