Concord, New Hampshire. $50 1929 Ty. 1. Fr. 1803-1. The National State Capital Bank. Charter #758. PMG Very Fine 25.Here is a significant New Hampshire offering as 1929 $50 and $100 notes are simply rare with just this bank and another Concord bank having notes in the census. Track and Price shows eight $50 Type 1 notes for the charter with this mid-grade example being among the better known pieces. The circulation is mostly even except for a small scuff at the back top center. A denomination rarely offered at public sale for the Granite State.pOn January 2, 1865, the National State Capital Bank was chartered, an unusual name with both National and State in the title (in Exeter the National Granite State Bank would also have these two words). The facilities of the old State Capital Bank were retained, on the second floor of the relatively new State Block, in rooms directly over the corner store. The capitalization was set by the directors as $100,000, against an authorization of as much as $500,000. pThe transition was seamless, and the officers and directors remained as before. The first day of business for the new bank was February 28, 1865, although the state bank continued to operate officially until March 18 (the latter date being one day after the bank increased its capital to $150,000). All sails were set, there was a strong economic breeze, and all looked forward to years of success.pp
