Watch List notes:

Portland Clearing House Association, 1907 Depression or Panic Scrip Note.Portland, Oregon. November 2nd, 1907. $1. Series J. Issued and uncancelled bank or scrip note. Black on light yellow underprint with impressive lion on left, back is black on light yellow with text and facsimile signatures of the committee members. Fine + condition. Scarce Oregon scrip note and one of the few 1907 panic notes known from Oregon.

Estimate: 90-180