Peninsular Bank $5 - 1860's dated Detroit, Michigan Obsolete Note - PMG 58 EPQ

$5. Detroit, Michigan. PMG #58 Graded. Charles Howard (August 7, 1804 – November 6, 1883) was the mayor of Detroit in 1849. Born in Chenango County, New York, he later moved to Port Jervis and then to Sackets Harbor, where he worked as a schooner captain. He eventually joined Alvin Bronson and Company (later Bronson, Crocker, and Company) as a shipping and forwarding commission merchant and moved to Oswego, New York, to represent the firm.

Howard also served as president of both the Farmer's and Mechanics Bank and the Peninsular Bank. However, the Panic of 1857 led to the collapse of the Peninsular Bank. In 1858, Howard relocated to New York City, where he and Sebre Howard founded "Howard Brothers, Firearms," a business that operated from 1863 to 1874. Charles Howard passed away on November 6, 1883, at his son-in-law's home.