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Perryopolis.com is greatly indebted to Jerry
Dzara, who made these copies available. Jerry writes:
“The Youghagany Bank was founded in 1816 and failed in 1822. At the
beginning Isaac Sparks was president and J. Barrett was cashier. Later
that year (1816)
Barrett
was replaced by David Allen. One-dollar, two-dollar, and five-dollar notes
are known. The one-dollar notes were printed by John Bouvier, a Brownsville
printer. The two and five-dollar notes were printed by Murray Draper Fairman
of Philadelphia.
This was a private bank, not chartered by the state of Pennsylvania.”
Webmaster’s
note: Our English-speaking forefathers, both in England and in the New World,
would probably find it amusing that we generally have but one spelling for
our words today. At the time these notes were printed there were a several
accepted spellings for the name that we now (oddly, I think) write as “Youghiogheny.” |
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Of the two notes below, Jerry writes “The
First National of Perryopolis was chartered in July 1902. M.M. Cochran
was president
and
Howard Adams
was
cashier.
The Cochran family also owned the 1st
National Bank of Dawson, and Linden Hall, or St. James as it used to be called.
The 1st National was bought by the Second National Bank of Uniontown around
1950. The second National
changed its name to Gallatin National In the early Fifties. The 1st
National issued Ten dollar and Twenty dollar notes only. Even though the National
Banking Act, which permitted local banks to issue currency, was scrapped in
1935 and the notes were recalled, they are still legal tender.”
Webmaster’s
Note: Since these notes remain legal tender, in accordance with federal law
we have not
reproduced
them at actual size, we are displaying one side only, and we are displaying
them only in low-resolution format. |
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Webmaster’s endnote: A good-quality photograph
of the 1st National Bank building in Perryopolis is high on my most-wanted
list.
Sadly,
a weed-filled
parking lot now occupies the space where this magnificent Victorian building
once stood. If you or someone that you know has such a photograph, please
e-mail me. It is only through
the kindness of Mr. Dzara and many others that Perryopolis.com is able
to bring Perryopolis history to life. Please think of what you might have
in your collection that you could share with others through Perryopolis.com. |
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