Hiwassee Railroad

Promissory Notes

Three notes are known from the Hiwassee Railroad in Athens, TN a $1, $3 and a $5. The $1 $ $3 are listed as R-14 by Garland, The $5 is not listed in Garland. The notes have two engraver / printers Danford, Underwood and Co., New York across at left and Underwood, Bald, Spencer & Huffy, Philada. across at right. The notes are promissory notes to be paid six months after completion of the railroad to the written in person or the bearer. The reverse of the notes has a plain reverse.

The $1 displayed is hand dated 1 March, 1844.

$1 Ancient train, 1 March, 1844, A-R.Hiw-1
Garland 1384
Carson / Schafluetzel Collection
Listed R. M. Smythe Auction 265 lot 2127 10/13/2006 VG rip $489

$1 Ancient train, Proof, A-R.Hiw-1-Pf
Garland 1384
Compliments of Bill Sharp

$3 Commerce seated, 10-Dec., 1840, A-R.Hiw-3
Garland 1385
Compliments of Heritage Auction 141132 lot 34169 8/9/2011 F $1150

$3 Commerce seated, Proof, A-R.Hiw-3-Pf
Garland 1385
Compliments of Stacks-Bowers 181 lot 5322 3/15/2013

$5 Signing of the Decoration of Independence, A-R.Hiw-5-Pf
Garland Unlisted
From Proof Sheet, Compliments of Russell Kaye

One proof sheet of 4 Hiwassee Railroad notes (2 $1, $3, $5) was sold in the September 14 & 15, 1990 in lot 1872 for $2640 in the Christie's sale from the American Bank Note Co. archives.