(Missouri Territory) - Auguste Aristide Chouteau Promissory Note for $155.50 \" ... negotiable at the Missouri Exchange Bank ... \" St. Louis June 21, 1819. Very Good. Another note issued by August Chouteau's eldest son, similar to the previous, but negotiable at William O'Hara's private Missouri Exchange Bank. O'Hara had been cashier at the Bank of Missouri, but opened up his own private banking house, which paid off its obligations when closing. This was in contrast to the Bank of Missouri (which left many unredeemed banknotes) and the Bank of St. Louis (which closed due to several factors, mainly the fraudulent redemptions of their demand notes by their cashier in league with out-of-state crooks.) This is also a short-term note, for a period of only thirty days. Hand accomplished in English. Laid paper, 21.0 by 10.5 cm. Undocketed, endorsed on the back by payee William Easdale. An interesting 1820 case involving William Easdale appears on the Washington University website (repository.wustl.edu). Easdale is accused of having his slave, George, steal skins belonging to the Missouri Fur Company from Thomas Hempstead and hide them in his home or barn. After finding the goods at Easdale's, authorities placed him in custody. Beaver skins were, according to court documents, valued at $300 per pack, and \"rackoon\" for $200 per pack. Solid paper, but there is staining through the center. This is unique, like all the other Missouri fiscal instruments featured here. Transcription: ___________ St. Louis 21 June 1819 - $155. 50/100 Thirty days after date I promise to pay William Easdale, or order, the sum of one hundred and fifty-five 50/100 Dollars, for value received - payable and negotiable at the Missouri Exchange Bank without defalcation. James Watt witness Aug't A Choureau [?] for 323 - 91 on 2 notes Ex: Eric P. Newman Numismatic Education Society \n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 28335, realized $408. Image and description courtesy of Heritage Auctions, https://ha.com.
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