Michael et. al.,
My great-grandfather, John S. Shute -- owner of the Shute Bank in
Hillsboro, Oregon -- is said to have done a similar thing with bags of
lead slugs prominently displayed behind the counter. "See, we've got
lots of money." I wonder how common this sort of thing was.
Larry Shute
Michael Perelman wrote:
Dwyer, Gerald P. 1996. "Wildcat Banking, Banking Panics, and Free Banking
in the United States." Federal Reserve Bank of Atlanta Economic Review, 81:
3-6 (December): pp. 1-20.
2: In an examination report for Jackson County Bank in Michigan in 1838
stated: "Beneath the counter of the bank. Nine boxes are pointed out by
the teller, as containing one thousand dollars each. The teller selected
one of the boxes and opened it: this was examined and appeared to he a full
box of American half dollars. One of the commissioners then selected a
box, which he opened, and found the same to contain a superficies only of
silver. While the remaining portion consisted of lead and ten penny nails.
The commissioner then proceeded to open the remaining seven boxes: they
presented the same contents precisely, with a single exception, in which
the substratum was window glass broken into small pieces."
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