||Michigan City, IN - Michigan City & South Bend Plank Road Co. pay at the Exchange Bank of Daniel Ball & Co., Grand Rapids, Mich. $3 Dec. 26, 1858 WVS 497-4, Lee, GRA-4-UNL. PCGS Fine 12. This note is a two-state tie issuer which was payable at the private bank of Ball in Grand Rapids. Most of the notes were honored by Ball before he went out of business in 1864. The complex titles and placement on this note are illustrative of how a private company would prefer to have their issue appear as a banknote with a more official, engraved look. This W. L. Ormsby engraved series is rarer than the green color tinted notes by the American Bank Note Company. The central vignette shows two workmen who stop to watch as the train passes by. A steamboat is impossibly sailing along above. At left, an allegorical female leans her elbow casually on a large "3" counter. This is a fully signed, issued note and an Ormsby engraved rarity. Ex: Eric P. Newman Numismatic Education Society
Realized $587.50. Newman VII (Heritage Auctions, 10/2015), lot 19328. Description courtesy of Heritage Auctions.