1929 $10 CIT SLATINGTON PA

$215.00

LEHIGH COUNTY

SKU: NB5324 Category: Tags: , , , , ,

Description

TYPE-1 1929 Series Ten Dollar THE CITIZENS NATIONAL BANK OF SLATINGTON PENNSYLVANIA. SERIAL A001501A

CHARTER #6051

In 1737, Nicholas Kern was the first white settler in what would become Slatington. The Lenape Native Americans were already living along “Warriors Path,” which would become Route 873. Kern established a sawmill shortly after arriving. Slatington was settled in 1738 and incorporated in 1864. In 1756, Benjamin Franklin reported to Governor Morris that he had procured boards and timber from Kern’s sawmill. In the 19th century two Welshmen, who recognized its properties and importance from being used in Europe, discovered slate. A quarry was set up in 1845, and, in 1847, a factory was erected. In 1864, Slatington was incorporated into a Borough of Pennsylvania; its first mayor was Robert McDowell. Historically, structural iron, knit goods, and silk were manufactured in Slatington, and there were abundant slate quarries in the area.

One of the #58 small size known for this Lehigh County Bank. We graded this one as problem-free extra fine. It has three light wallet-type folds, with the registry sitting low on the back while the front is well-centered. A nice type note that was never fully circulated or soiled.

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