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Early Michigan Early Banks Of Michigan
This certificate was given by another bank
to an individual interested in getting up the Lapeer bank, without making any deposit or having anything to his credit, and was cancelled by the check of the pretended depositor, made simultaneously with the certificate. The Wayne County Bank had specie certificates to the amount of $30,000, but was originally put into operation on checks of stock-holders which were never presented, acknowledged or paid. The Jackson County Bank used a specie certificate of $10,000. The Bank of Saline one of $15,000, which was taken away a few days after the bank went into operation. The Farmers' and Mechanics' Bank of Pontiac borrowed specie and exhibited it to the bank commissioners as capital stock paid in.
Michigan
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