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Genuine original vintage antique cancelled date of January 13th, 1868 Bank CHECK US revenue stamp with SON cancel early McArthur Ohio Will, Brown & Co Bankers. This bank cancel existed for less than a year!
This item would look great with your National Currency note!
Excerpts from & read more history about the bank here at this October 1, 1867, the bank of Will, Brown & Company was established by Daniel Will.The bank was located at the same location where Daniel’s general store once stood which was across Main Street from the current Vinton County National Bank. One reason Daniel Will wanted to start a bank was because he realized that many of his store customers had nowhere to safely keep their money; thus, he would offer to keep it for them in his store safe. Then one day he realized that starting a bank was a reasonable thing to do.
The following year, on September 1, 1868 Will, Brown and Company consolidated with another bank which was the Vinton County Bank that was founded on January 7, 1867. Together they became the Vinton County Bank with $75,000 in capital. On January 9, 1869 the bank elected the following Board of Directors: Charles Brown, Thomas B. Davis, Andrew Wolf, J. W. Delay, Daniel Will, David V. Rannells, and E. D. Dodge. The board of directors organized by electing Daniel Will as president and J. W. Delay as cashier. The location after consolidation was where the current Vinton County National Bank stands today.
On October 1, 1872 the bank became the Vinton County National Bank when they attained a national charter with $100,000 in capital. The following individuals were named as the bank’s stockholders: Daniel Will, J. W. Delay, Charles Brown, E. D. Dodge, Andrew Wolf, H. S. Bundy, D. V. Rannells, Aaron Will, Jacob G. Will, Jacob S. Will, and T.B. Davis. The stockholders elected as directors: Daniel Will, Andrew Wolf, Charles Brown, H. S. Bundy and J. W. Delay. Daniel Will was elected president and J. W. Delay was elected cashier. By obtaining a national charter it allowed the bank to offer expanded services. During that time, national banks could issue their own money which was called National Currency or Circulated Notes. The government printed the money in the name of each issuing bank and the Comptroller of the Currency distributed the money to those banks. A framed example of the national currency is on display in the bank’s museum which is located inside the Main Street entrance of the bank.
Daniel Will had many other business interests. Not only was he a successful banker for 57 years, he also was the owner of the Will House in McArthur. The Will House eventually became the Hotel McArthur. Daniel also owned 1,600 acres of property in Vinton County as well as other real estate in McArthur.
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