Rosene unlisted. Gunther-Derby unlisted. Note has a similar design and city of issue to that of William Martin & Co. (AO424-$.25a) but appears to have a different signer at the bottom of the note. Very difficult to tell as the signature is faded. Stains notated on the back of the holder.
ND Unknown Issuer Selma Alabama AL 50c Scrip PMG 20 – New Unlisted Issuer?
