National bank note (ten dollars)
1929 series ・ paper ・ 20th century ・ Valparaiso National Bank (Indiana)
The heading 'NATIONAL CURRENCY', and the portrait of Hamilton. It is a ten-dollar note of the 1929 series, printed with the name of the Valparaiso National Bank in Indiana. The note states expressly that it is secured by United States bonds deposited with the Treasurer of the United States. The National Bank Acts of 1863–64 had federally chartered national banks issue notes of a uniform design, and the 10% tax on state bank notes in 1865 cleared away the forest of several thousand kinds of paper. The currency was unified — but there was still no lender of last resort. A note carrying the name of a town is evidence that this transitional arrangement lived on into the 20th century.