Front Royal, Virginia. Bank of Manassa. 1859 $5. PMG Choice Fine 15.(VA-85-G2a). No. 1061. Plate A. A difficult to encounter type and pleasingly designed. No. 1061. Plate A. Chartered in 1853, the Bank of Manassa was founded by a local merchant by the name of Edward B. Jacobs who would also serve as the banks President through 1859 when the bank closed its doors following repeated withdrawals that emptied the banks coffers. This relatively sudden failure is attributed to the threat of impending conflict per the <em>Whitman Encyclopedia of Obsolete Paper Money Vol. 8. </em>The Whitman text further mentions that the banks empty safe was discarded in 1935 as fill for a parking lot when the building was gutted and converted to a drug store, but this little tidbit fails to strike at the rarity issued notes pose collectors. In fact, most known notes on this bank are represented by fragments on city-issued notes that were pressed into circulation during the early 1860s as the American Civil War drained specie from circulation making this a rare opportunity to be had and the first note on this institution we have offered since 2014. PMG comments "Previously Mounted."From the Caine Collection.<p>Whitman Plate Note.
