Sioux City, Iowa. $100 1882 Date Back. Fr. 566 (W-3560). The First NB. Charter #1757. PCGS Very Choice New 64.，This is a difficult $100 National Note type to acquire. Not only is it tough as a type note, the condition offered here makes it another "trophy note," particularly for the collector of Iowa National Bank notes.<p>These notes were beautifully designed with the vignette at left depicting Commodore Oliver Hazard Perry leaving his flagship, the <em>Lawrence</em>, during the Battle of Lake Erie in 1813. At right is a depiction of Liberty, seated by a fasces representing the Union, along with the message "Maintain It!" The largely open back design features the 1882-1908 date range, which gives these notes their "Date Back" name. This boldly printed and crisp note displays deep blue overprints and neatly penned bank officers signatures. The paper is well margined with deep embossing evident from the back of the note.<p><p><em></em><p><strong>About the Bank</strong><p>The First National Bank of Sioux City was organized on December 28, 1870, with an authorized capital of $100,000. In 1874 the cashier was Thomas J. Stone and Asahel W. Hubbard was the president. <em>Bankers Magazine </em>and other journals told of changes, an example being H.B. Rice elected president in early 1874. The bank ran into difficulty with the Panic of 1893 and the economy in subsequent years. The bank shut its doors on November 19, 1896, and a receiver was appointed on January 1, 1897. Marvelously, the bank was restored to solvency by March 16, 1897. In the next four years it assumed the assets of four other banks and prospered. There was trouble in paradise during the late 1920s, and the bank was placed in receivership on December 8, 1930. The Federal Reserve gave as the reason a combination of local depression and incompetent management.，From the Joel R. Anderson Collection of United States Paper Money, Part I. Earlier from Lyn Knights sale of February 1996, lot 757.，
