Hamburg Money

Henry Shultz was all for a rising tide of commerce that lifted all boats, as long as a few tidbits fell in his own lap. His first love was for transportation, but close behind was banks. Here are some notes from banks closely connected with Shultz and Hamburg.

1816 Bridge Company of Augusta - by 1819 Shultz and his partner John McKinne had issued several hundred thousand dollars worth of these 'Bridge Bills'. Shultz spent the rest of his life trying to make them good after the bank went bust during the Panic of 1819.

1816 Bridge Company of Augusta – by 1819 Shultz and his partner John McKinne had issued several hundred thousand dollars worth of these ‘Bridge Bills’. Shultz spent the rest of his life trying to make them good after the bank went bust during the Panic of 1819.

1824 First Bank of Hamburg - Shultz started this bank in support of his new town, but it was evidently undercapitalized and  did not survive Shultz's troubles in 1827.

1824 First Bank of Hamburg – Shultz started this bank in support of his new town, but it was evidently undercapitalized and did not survive Shultz’s troubles in 1827. Image Courtesy of Mr. Truman Shivers

1849 Second Bank of Hamburg - this bank had ample backing and its notes were highly regarded through The War.

1849 Second Bank of Hamburg – this bank had ample backing and its notes were highly regarded through The War.

1860 Second Bank of Hamburg

1860 Second Bank of Hamburg

1873 South Carolina Railroad - These 'Fare Tickets' were issued by the railroad in the hope that they would circulate as currency.

1873 South Carolina Railroad – These ‘Fare Tickets’ were issued by the railroad in the hope that they would circulate as currency.

1873 Charlotte, Columbia and Augusta Rail Road - Another issuer of 'Fare Tickets' during the Panic of 1873.

1873 Charlotte, Columbia and Augusta Rail Road – Another issuer of ‘Fare Tickets’ during the Panic of 1873.

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2 thoughts on “Hamburg Money

  1. In Dec 1859 Jesse and John Lewis were hung in Campbell Co TN for murdering a sheriff and deputy who were chasing them for passing counterfeit Bank of Hamburg $20 bills. Rough drawings of the bill were entered into the court minutes. I am looking for an expert in BoH bills who might look at the drawings and comment.

    • Hello Jim, the official reference for South Carolina currency is South Carolina Obsolete Notes by Austin M. Sheheen, Jr. One $20 bill of the mid-1850s was described as ‘Center, shield containing palmetto tree, surmounted by spread eagle, Liberty seated on right, Justice seated on left, ship and train in background. Right and left, 20, XX below. Color white and red. Serial letters A, B. Engraved by Danforth, Wright & Co., New York and Phila.’ Another version was the same with a red cycloidal background – maybe to make it tougher on the counterfeiters! Another 1850s bill that I have never seen is described as having a farmhouse with wagons and horses.

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