Charlestown, New Hampshire. $20 1929 Ty. 1. Fr. 1802-1. The Connecticut River NB. Charter #537. PMG Very Fine 25.Offered is a New Hampshire rarity from Sullivan County that is certainly missing from even advanced collections. The town is situated on the New Hampshire/Vermont border along the Connecticut River and was home to just this issuing institution, the successor to a state-chartered bank. These small-size notes are more challenging than their large-size counterparts. The currently offered item is a new addition to a previous five known; there are nine known pre-1929 dated examples. The grade is significant, as this note is tied for finest with just a single other Very Fine piece. emOpportunity/em is the key word here.pUnder the provisions of the National Banking Act of 1863 the highly profitable state-chartered Connecticut River Bank evolved into a National Bank using the same name, gaining its charter on October 21, 1864. President Hope Lathrop and Cashier George Olcott, Jr., of the old bank, continued in the same positions in the new. The charter was limited at $250,000 capital, with affairs to be managed by seven directors, who selected $100,000 as the capital amount to be used. Similar to its predecessor, the Connecticut River National Bank of Charlestown was profitable at an early time and soon paid dividends.
