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Bank of St. Louis Note Collection

 Collection
Identifier: A3049

Scope and Contents

The collection consists of one 1817 bank note drawn on the Bank of St. Louis, the research notes and a 1930 letter of Eric P. Newman, and an October 5, 1941, newspaper article from the St. Louis Post-Dispatch about the note, “The Oldest Known Picture of St. Louis.” Mr. Newman framed portions of this article along with the bank note. Although the bank note has been removed from the frame for preservation, the remaining collage has been retained in the collection.

The ten dollar bank note drawn on the Bank of St. Louis is No.182. The “partial view of St. Louis” image lies in the upper center portion of the note and is the earliest view of St. Louis, showing the village in 1814. The note was engraved by Leney and Rollins of New York City (William L. Leney and William Rollison) and is dated March 18, 1817. It bears three names: S. Rector (bearer), John B. N. Smith (cashier), and S. Hammond (president).

Buildings shown in the engraving include: Market House, Laclede-Chouteau Building, Pratte House, Smith House, Berthold House, Lisa House, Labbadie Store, Labbadie Mansion, Honey Building, Labbadie Barn, Clark Buildings, Gratiot House, McKnight & Brady Store, Fort San Carlos Tower, and fur storage sheds. A key to building names is included in the 1941 newspaper article.

Mr. Eric P. Newman purchased the Bank of St. Louis notes due to his life-long interest in numismatics. He researched early St. Louis property, including early block numbers and buildings, in order to date the image included on the note. Mr. Newman determined that the view does not include the Papin House which was built in 1815, leading to the conclusion that the engraving is based on St. Louis as it appeared in 1814. In a 1930 letter written by Mr. Newman in response to a request to publish an image of the note, he declined the request and referred to his research.

Dates

  • 1817-1941

Creator

Conditions Governing Access

The Missouri Historical Society asks researchers to assist in the preservation of the 1817 bank note by using the photograph of the note. Permission to view the original bank note must be obtained from a member of the archives staff.

Conditions Governing Use

For permission to publish, quote from, or reproduce material in this collection, please contact the Archives Reference Desk at archives@mohistory.org. Copyright restrictions may apply. The researcher assumes full responsibility for conforming to the laws of copyright.

Historical Sketch

The legislature of the Missouri Territory authorized the formation of the Bank of St. Louis in 1813 under a petition brought by Auguste Chouteau. Incorporators of the bank included many well-known men in St. Louis history including: A. Chouteau, Manuel Lisa, Bernard Pratte, Rufus Easton, Jean B.C. Lucas, Moses Austin, and others. Several of these men served as the bank’s first directors.

Operational guidelines for the bank prohibited it from the buying and selling of any commodities or to incur any debts in excess of double the amount of the capital stock paid into the bank. The bank was to receive and dispose of checks, drafts, notes, bills, and bonds made payable at the bank. It was also directed to receive security for any loans it made in the form of goods, such as lead and furs, in place of notes, bills, or obligations.

Stock was sold by subscription and had to total more than $75,000 in order for the bank to operate. The War of 1812 did not end until 1815, possibly slowing the pace of stock subscriptions. When the bank opened for business in 1816 it met stiff banking competition and did not survive the Panic of 1819, America’s first peace time financial crisis. [For more information on this bank note and on the monetary/banking history of early St. Louis, see “Earliest Picture of St. Louis,” in Glimpses of the Past (Missouri Historical Society, vol.VIII no.7-9, 1941)].

Mr. Eric P. Newman (1911-2017) was an attorney in St. Louis and a well-known numismatist and philanthropist. Over the course of his life, Mr. Newman owned at least two bank notes showing the earliest view of St. Louis (No.182, No.773) and conducted research on early property and buildings in St. Louis in order to date and to identify the buildings represented in the engraving on the note.

Extent

0.04 Cubic Feet ( (1 folder, 1 oversize folder))

Language of Materials

English

Arrangement

The colletion is arranged chronologically.

Physical Characteristics and Technical Requirements

There are no physical or technical restrictions.

Donor Information

The note was donated by the Eric P. Newman Numismatic Education Society in June 2018 (acc.no. 2018-047).

Processing Information

Processed with funding from The Stuart Foundation, Inc. by Kristina Perez, 2018.

Title
Inventory of Bank of St. Louis Note Collection.
Status
Completed
Author
EAD by Kristina Perez using ArchivesSpace
Date
2018
Description rules
Describing Archives: A Content Standard
Language of description
English
Script of description
Latin
Language of description note
English

Repository Details

Part of the Missouri Historical Society Library and Research Center Repository

Contact:
225 S. Skinker Blvd.
St. Louis MO 63105 United States
314-746-4510