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Early Paper Money of America / Massachusetts / 1795, etc. Merrimack Bank

The Merrimack Bank was incorporated on June 25, 1795 to operate at Newburyport with a capital of $75,000 to $150,000. Its debts including bank notes could not exceed twice its capital plus its specie deposits. Notes below $2 were prohibited originally but in 1799 the minimum denomination was raised to $5. The engraved notes bore the Continental Currency motto MIND YOUR BUSINESS. Signers were William Bartlett, as president, and Joseph Cutler, as cashier. Other denominations are probable.

$2 $10
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