Description
TYPE-1 1929 Series $10 THE ALLENTOWN NATIONAL BANK OF ALLENTOWN, PENNSYLVANIA. SERIAL A024027A
CHARTER #1322
On May 18, 1732, the land was deeded by Thomas Penn, one of three sons of William Penn, founder of the colonial era Province of Pennsylvania, to Joseph Turner, a Philadelphia-based iron manufacturer and politician. Two years later, on September 10, 1735, a 5,000-acre (20 km2) portion of this land was purchased from Turner’s business partner by William Allen, a wealthy shipping merchant who became mayor of Philadelphia the following month. In 1737, as part of the Walking Purchase, a large area north of Philadelphia, including present-day Allentown, was deeded by 23 chiefs of the Five Civilized Tribes to three sons of William Penn, John, Thomas, and Richard, in exchange for shoes, buckles, hats, shirts, knives, scissors, combs, needles, looking glasses, rum, and pipes. The land was surveyed in 1736 and again in 1753 as part of an effort to construct a road from Easton to the city’s east to Reading to its west. The 1753 survey reported that a log house, owned by Allen and built around 1740, existed near the western banks of Jordan Creek. The house was used primarily as a hunting and fishing lodge by Allen, but he also entertained prominent guests there, including James Hamilton, his brother-in-law, and John Penn, then governor of the Province of Pennsylvania. In 1752, Northampton and Berks counties were formed; Easton was named the county seat of Northampton County and Reading the county seat of Berks County.
Third-party graded P.C.G.S #63 Crisp Uncirculated, cut from the top of the type #1 sheet. Original great great-looking note.
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