At the start of the Civil War, all the gold, silver and copper currency disappeared in the country. Fractional currency (aka “shinplasters”) was then introduced by the United States federal government. These fractional notes were in use between 21 August 1862 and 15 February 1876, and issued in 3, 5, 10, 15, 25, and 50 cent denominations across five issuing periods.
William A. Hanford, while a part of the paper mill at the Falls, kindly presented the town with paper bills. The denominations were of 5, 10, 25, 50 cents.
Stated on the bills:
SUMMIT COUNTY BANK pay to the bearer FIVE CENTS when like orders are presented in amounts of one or more dollars.
W. A. HANFORD Cuyahoga Falls, O., 1862
Unlike the issues of 1837 & 1838, all of this script was eventually fully redeemed by Mr. Hanford in the spring of 1891.
The Akron Savings Bank, of which William Buchtel was president, Judge Charles Grant was vice president and Aaron Wagoner, cashier, established a branch in the old bank building in the Falls and put Archie B. Clarke in charge.
Ohio Banking Institutions, 1803 to 1866. Cuyahoga Falls- Summit County Branch of the State Bank of Ohio; E.N. Sill, President; E. S. Comstock, Cashier.
Munroe Falls OH 1850’s
This bank note was issued by the Munroe Falls Manufacturing Company for $1 in the 1850’s . This bank note has one hand Signed signature which was cancelled .
