Tuskegee, Alabama. Tuskegee Insurance Co. 1862 25 Cents. PMG Extremely Fine 40. Remainder. Rosene 339-2. Remainder. Aug. 26, 1862. Intricate panel at left. Central "25" protector in red. The obligation states that it is payable "in Confederate Treasury Notes…." PMG has cited "Small holes, stains." Only 10-cent and 25-cent notes are listed in Rosene. This is a merchant issue that was payable at the Tuskegee Insurance Company. Issued by Sills and Dillard, both of Auburn, Alabama. The Tuskegee Insurance Company was incorporated by the state of Alabama in early 1856, and they secured a $50,000 capitalization loan from the Farmers and Exchange Bank of Charleston, South Carolina.
