GRACEVILLE

 

Graceville emerged in the years after the Civil War. A Confederate veteran named Captain Henry B. Grace, who settled with his family in the area, gave the town its name. In 1902 Graceville was incorporated when it was discovered that the L&N Railroad was extending a line from Georgiana, Alabama to Graceville. For many years cotton was a thriving industry until the boll weevil destroyed the economy. But the bankers and businessmen of Graceville discovered a new crop, peanuts. The peanut industry became so prevalent that Jackson County was once referred to as the largest peanut growing county in the world. Naval stores and lumber industries wwere also important to Graceville.

Source: Wikipedia

First National Bank of Graceville (7423) Third Charter

1902 Plain Back $20 Note Charter #7423

1902 Red Seal $20 Note
Charter #7423  J.A. Davis, cashier and E.N. Dekle, president

1902 Plain Back $10 Note Charter #7423

1902 Plain Back $10 Note
Charter #7423   Signed by  A.(Alexander) D. Campbell, Jr. cashier and A.D. Campbell, president

1902 Plain Back $20 Note Charter #7423

1902 Plain Back $20 Note
Charter #7423

 

032 (3)

1902 Date Back $20 Note Charter #7423 1902 Date Back $20 Note
Charter #7423  Signed by J.A. Davis, cashier and E.N. Dekle, president

1929 Type 1 $10 Note Charter #7423

1929 Type 1 $10 Note
Charter #7423  Signed by A.D. Campbell, Jr. cashier and James Miller ? president

1929 Type 1 $20 Note Charter #7423

1929 Type 1 $20 Note
Charter #7423  Signed by A.D. Campbell, Jr. cashier and James Miller ? president

 A charter was approved for the First National Bank of Graceville on October 5, 1904. The depression proved to be too much for the bank to overcome and fell into receivership on October 27, 1931.  Only 10 large and 7 small size notes known on this rare one bank town.

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