RN-D1 Office of Cowan, McClung & Co.

Black and red on white paper, small agricultural and nautical vignettes. An interesting feature of this design is found in the borders, indicating tens, hundreds, thousands, and tens of thousands of dollars intended to be punched to indicate the amount. This draft written for $500 should have incurred at least one punch through “500” at right, but that’s all the better for the check collector.