Shelbyville, Tennessee. Western Manufacturing Bank. 1838. $3. PMG Choice Fine 15.January 6, 1838. PMG comments Previously mounted. A very rare issuer from this Panic of 1837 era. Schafluetzel states this this $3 denomination is unique. This company was formed in 1831 to produce cotton, wool and other such products. A great note that should prove to stoke the collector passions of anybody that treasures Tennessee notes or obsoletes in general.