Comments on: Money From the Free Banking Era http://www.neatorama.com/2008/08/13/money-from-the-free-banking-era/ The Neat Side of the Web Thu, 16 Feb 2012 10:48:08 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Bao http://www.neatorama.com/2008/08/13/money-from-the-free-banking-era/comment-page-1/#comment-1710616 Bao Mon, 04 May 2009 13:26:22 +0000 http://www.neatorama.com/2008/08/13/money-from-the-free-banking-era/#comment-1710616 Thanks for your picture and your explanation. It help me a lot for my assignment. Thanks for your picture and your explanation. It help me a lot for my assignment.

]]> By: Ravi http://www.neatorama.com/2008/08/13/money-from-the-free-banking-era/comment-page-1/#comment-1440436 Ravi Tue, 03 Feb 2009 13:01:55 +0000 http://www.neatorama.com/2008/08/13/money-from-the-free-banking-era/#comment-1440436 Hi... it like it for your website. thanks Hi…
it like it for your website.
thanks

]]> By: Steve T. http://www.neatorama.com/2008/08/13/money-from-the-free-banking-era/comment-page-1/#comment-753289 Steve T. Sat, 16 Aug 2008 23:48:41 +0000 http://www.neatorama.com/2008/08/13/money-from-the-free-banking-era/#comment-753289 Yep. That's why people called official US paper currency "banknotes" for decades after they'd forgotten what the word really meant. There was a downside, as the note was only as good as the bank that issued it. This was no problem if you were near enough to the bank to know how healthy it was, but if you tried to pay a bill in Tennessee with a note from the Bank of South-East Boston, you might have a problem. Fun fact: In the ante-bellum South the most reliable banknotes were from the rock-solid Bank of New Orleans. The most useful bills were $10, equivalent to $100 today, and they had a big "DIX" on the back, the French word for "ten." These became known as "dixies" to English-speaking Americans, and the region where they were readily accepted became known as: Dixieland. No joke! I have personally seen dixies on sale in antique coin and currency shops. Yep. That’s why people called official US paper currency “banknotes” for decades after they’d forgotten what the word really meant.

There was a downside, as the note was only as good as the bank that issued it. This was no problem if you were near enough to the bank to know how healthy it was, but if you tried to pay a bill in Tennessee with a note from the Bank of South-East Boston, you might have a problem.

Fun fact: In the ante-bellum South the most reliable banknotes were from the rock-solid Bank of New Orleans. The most useful bills were $10, equivalent to $100 today, and they had a big “DIX” on the back, the French word for “ten.” These became known as “dixies” to English-speaking Americans, and the region where they were readily accepted became known as: Dixieland.

No joke! I have personally seen dixies on sale in antique coin and currency shops.

]]> By: MoonCake http://www.neatorama.com/2008/08/13/money-from-the-free-banking-era/comment-page-1/#comment-743858 MoonCake Thu, 14 Aug 2008 10:52:16 +0000 http://www.neatorama.com/2008/08/13/money-from-the-free-banking-era/#comment-743858 free of presidents' faces AND automatic debt. those were the days... free of presidents’ faces AND automatic debt. those were the days…

]]> By: Johnny Cat http://www.neatorama.com/2008/08/13/money-from-the-free-banking-era/comment-page-1/#comment-742894 Johnny Cat Thu, 14 Aug 2008 05:38:56 +0000 http://www.neatorama.com/2008/08/13/money-from-the-free-banking-era/#comment-742894 What a cool site and history lesson. I never knew of these awesome bills. What a cool site and history lesson. I never knew of these awesome bills.

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