Bank of Chattanooga
Obsolete Notes

Initial Series 1854 - 1861

Overview
The first Bank of Chattanooga type notes issued were $1, 2, 3, 5, 10, 20, 50 and 100 denominations. The first president, William Williams, as well as the second president, John Overton, signed the initial note types. Danfoth, Wright, & Co. of Philadelphia & N.Y printed the notes.

$1, $2 and $3 Notes
The $1, 2 and 3 notes must have been issued in very limited numbers, or they were recalled. They were issued in limited numbers or recalled because the notes were being raised or because the City of Chattanooga was issuing small interest bearing notes at that time. No $2 issued notes are known to exist. Only one $1 in poor condition is known to exist. The $1 and $2 designs are known because two existing proof sheets from the American Banknote Archives were released recently. The $3 note is rare; only two issued notes known to exist.

$1 Train, left Justice, right Cotton Proof G-61
Train of Cars by Mosely Isaac Danforth
Tom Carson collection

$1 Train, left Justice, right Cotton, G-61
From a descendent of CSA soldier

$2 Allegorical figures with Calhoun Proof G-75
Tom Carson collection

$3 Steamboat Chattanooga Proof G-76
Tom Carson collection

$3 Steamboat Chattanooga issued note G-76
Dennis Schafluetzel collection

$5, $10, $20 Notes
The five, ten and twenty dollar notes may be stamped in blue with "REDEEMABLE AT BANK OF MEMPHIS" or "PAID IN GOLD BANK OF MEMPHIS".

Blue Stamps

$5 Notes
The $5 notes were issued initially without G-89 and later with an overprinted FIVE in red G-91.

$5 Two figures reaching up to an angel Proof G-89
Tom Carson collection

$5 Two figures reaching up to an angel issued note G-89
Dennis Schafluetzel collection

For the first 11 years I searched for the initial $5 without the overprint with the blue stamp "REDEEMABLE AT BANK OF MEMPHIS" listed in Paul Garland's book as(G-90), but I never found one. However, in April of 2007 the son of a collector sold a hoard of Tennessee obsolete notes that had two damaged VG G-90 notes. I purchased the one with clear a clear stamp, signatures, date and serial number shown.

$5 Two figures reaching up to an angel stamped Redeemable Bk Memphis G-90
Dennis Schafluetzel collection

The unique $5 G-89 note that has been raised (changed) to a $50 note is listed as G-113. Note the excellent hand work removed the two 5s and the design around them and replaced them with 50s. This fraud was accepted because there were so many different notes circulating that no one noticed it was the wrong design for a $50 from the Bank of Chattanooga.

$5 That has was raised (changed) to a $50 note, G-113
Tom Carson collection

$5 Two figures reaching up to an angel Proof G-91 Overprint
Tom Carson collection

$5 Two figures reaching up to an angel issued note G-91 Overprint
Dennis Schafluetzel collection

The $5 with the overprint with the blue stamp "REDEEMABLE AT BANK OF MEMPHIS" is listed in the book as G-92.

$5 Bk Chattanooga Overprint Redeemable Bk Memphis G-92
Dennis Schafluetzel collection

The overprinted $5 note with the blue stamp "PAID IN GOLD BANK OF MEMPHIS" is not listed but five are known to exist.

$5 Bk Chattanooga overprint PAID IN GOLD BK OF MEMPHIS G-92.1
Tom Carson collection

$10 Notes
The $10 notes were issued initially without G-93 and later with an overprinted TEN in red G-95.

$10 Five figures left, cotton & palm right Proof G-93
Tom Carson collection

$10 Five figures left, cotton & palm right issued note G-93
Tom Carson collection

$10 Five figures left, Redeemable at Bank of Memphis G-94
Dennis Schafluetzel collection

$10 Five figures left, cotton & palm right Proof G-95 Overprint
Tom Carson collection

$10 Five figures left, Overprint, Redeemable at Bank of Memphis G-96
Dennis Schafluetzel collection

The overprinted $10 note with the blue stamp "PAID IN GOLD BANK OF MEMPHIS" is not listed but three are known to exist G-95.1.

$10 Five figures left, Overprint, PAID IN GOLD Bk MEMPHIS G-95.1
Dennis Schafluetzel collection

$20 Notes
The $20 notes were issued initially without G-101 and later with an overprinted TWENTY in red G-104.

$20 Farmer, Ceres & Commerce right Proof G-101
Tom Carson collection

$20 Farmer, Ceres & Commerce right, issued note G-101
Dennis Schafluetzel collection

The initial $20 without the overprint with the blue stamp "REDEEMABLE AT BANK OF MEMPHIS" is listed as G-102.

$20 Farmer, REDEEMABLE AT BANK OF MEMPHIS G-102
Dennis Schafluetzel collection

The $20 note without the overprinted TWENTY with the blue stamp "PAID IN GOLD BANK OF MEMPHIS" is listed but only two are known to exist G-103.

$20 Farmer, PAID IN GOLD BANK OF MEMPHIS G-103
Tom Carson collection

$20 Farmer, Ceres & Commerce right G-104 Overprint
Dennis Schafluetzel collection

The overprinted $20 note with blue stamp "REDEEMABLE AT BANK OF MEMPHIS" is listed as G-105.

$20 Farmer, Overprint, REDEEMABLE AT BANK OF MEMPHIS G-105
Dennis Schafluetzel collection

The $20 note with the overprinted TWENTY and the blue stamp "PAID IN GOLD BANK OF MEMPHIS" is listed but only three are known to exist G-106. One of them is in the Chattanooga Library Collection.

$20 Farmer, Overprint, PAID IN GOLD BANK OF MEMPHIS G-106
Dennis Schafluetzel collection

$50 Notes
The $50 notes were only issued without the denomination overprinted G-109.

$50 Lady with a dove, Proof, G-109
Tom Carson collection

$50 Lady with a dove , issued note, G-109
Dennis Schafluetzel collection

The $50 with the blue stamp "REDEEMABLE AT BANK OF MEMPHIS" is listed as G-110.

$50 Lady with a dove, REDEEMABLE AT BANK OF MEMPHIS, G-110
Dennis Schafluetzel collection

$100 Notes
The $100 notes were only issued without the denomination overprinted. Only the proof note is known without the blue stamp "REDEEMABLE AT BANK OF MEMPHIS".

$100 Lady right, Liberty seated left Proof G-114
Tom Carson collection

The $100 with the blue stamp "REDEEMABLE AT BANK OF MEMPHIS" is listed as G-115.

$100 Lady right, REDEEMABLE AT BANK OF MEMPHIS G-115
Dennis Schafluetzel collection