State Of South Carolina Fifty Dollar Note 1872. Uncirculated/crisp
Taken to the Cleaners by the State of South Carolina! It seemed like a no-lose deal. Railroads were in their heyday, and the state guaranteed repayment. Famed industrialist Edward P. But, in 1873, South Carolina reneged, leaving Wesley with the unredeemable notes. Wesley fought the state in the courts but lost. He was left with nothing but the notes.