1854 $1 The Farmers and Merchants Bank of Memphis Note from Memphis, Tennessee.

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This note grades Very Fine with some tiny pinholes.

This bank operated from 1835 until it failed in 1847. It was revived in 1854 but failed again shortly after. 

This note from the bank's "revival" period features a Vignette of a farmer seated by a successful harvest above the title. 

A "ONE" protector is in red below.

It measures ~ 7" x 3".