LaGrange, Tennessee. LaGrange & Memphis Railroad Co. May 28, 1840. $1. PMG Choice Very Fine 35.(Garland 1386) Draper, Toppan & Co. Phila. & New York. Sailing vessel at left, steamboat <em>Memphis</em> at right. Die counter 1s in corners. Ceres and Commerce seated at center. Early steam locomotive at bottom center. This is the nicest example of this rare Tennessee railroad note that we have seen to date. The paper is bright and just lightly circulated. The printed design elements are darkly inked and the signatures of officers George W. Adams and Easton Morris are neatly penned. This line was a predecessor to the Memphis & Charleston Railroad. The Garland reference assigns an R-14 rarity rating to this type indicating 2 to 4 known.
