Wildcat Banks

Posted At : January 19, 2007 2:36 PM | Posted By : James Senick
Related Categories: Banknote Collecting,Coin Collecting

In the 19th century, banks issued the money. Sometimes currency became non-negotiable or worthless as money because the issuing bank went out of business. Sometimes a bank, called a wildcat bank, was never really in business. They issued currency as a money-making scheme.

-- Lee the Stamp Gal

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