Pine Plains Bank Stock Certificate Pair 1848 [155840]

Lot 2: one issued and one unissued. Issued piece is no. 70, issued for 5 shares to William H. Hoffman in 1848. Signed by president Bostwick and cashier Hills. Pen cancelled. Numerous pen notations on reverse. Printed on very thin paper with multiple allegorical vignettes. 6 x 10.5" Folds, creases. Plus unissued example. The Pine Plains Bank was organized in 1839, The first meeting for the organization was held at the hotel of Henry C. Myers (now Stissing House), at which seventeen directors were named. The bank had a capital of one hundred thousand dollars, divided into one thousand shares of one hundred dollars each. The bank closed its doors in 1857. The town of Pine Plains is one of the northern tier of towns in Dutchess, bordering the county of Columbia. Extensive plains originally covered by pine forests gave the town its name. Pine Plains New York