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Early Paper Money of America / New York / 1793, etc., Bank of Colombia

The Bank of Columbia in Hudson was incorporated on March 6, 1793 until May 1811 with a capital of $160,000 divided into 400 shares of $400 each. The State had the right to subscribe for 50 shares additional. Debts including bank notes were limited to three times the capital plus the amount of specie deposits. Thomas Jenkins was the first president and signed the bank notes with the cashier. No 18th century issues have been located and an early 19th century issue is shown below.

$2 ▷CF◁ $4 ▷CF◁ $5 ▷CF◁ $10 ▷CF◁
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