Watch List notes:

OBSOLETE NOTES. Fairmount, Maine. New England Bank. $20 – Unissued. Fictitious bank. Vignettte – Native American and deer. Die cancelled, glue residue on reverse. EF.

The "New England Bank" was a fictitious bank, from a town – Fairmount – that did not exist. The notes were printed by con-men to pass without any backing.