A very good example of a nineteenth century cobalt decorated stoneware political log cabin bank made at the Thomas Haig Jr. (1811-1893) Pottery in Philadelphia sold yesterday at Hake's Auction in York, Pennsylvania. The base of the bank was dated in cobalt "1846."
Banks of this type were produced from both stoneware and earthenware at the Haig Pottery, as a reference to the Whig Party, and are considered quite rare today, such as one example that was published in the book, Handcraft to Industry: Philadelphia Ceramics in the First Half of the Nineteenth Century, and was up until recently owned by ceramic specialists Garrison and Diana Stradling in New York City. It was also more recently published in a feature story I wrote for the October 20, 2023 issue of Antiques & Auction News, titled, A Look At 19th-Century Red Earthenware & Stoneware Buildings, Houses and Log Cabins: http://www.earlyamericanceramics.com/2023/10/new-published-story-in-antiques-auction_26.html.
Nonetheless, this particular example last sold at Crocker Farm in 2005 for $18,150, where it was consigned by Bill Bertoia, and previously owned as part of the Seamen"s Bank for Savings in New York City, selling at Christies in Manhattan as lot number 153 in 1991.
The Seaman's Sale is regarded as the most prolific selection of banks to ever sell in America; the collection of mechanical and still banks sold on Behalf of the F.D.I.C. (formerly from the Seamen's Bank for Savings F.S.B.) at Christies in New York City on March 13, 1991. The Seamen's Savings Bank served people in the maritime industry, especially seamen; it was founded in 1829 and operated until 1990, when it was seized by the U.S. Government for being insolvent and its assets were sold to Chase Bank. The bank was chartered on May 11, 1829, in New York City, as a mutual savings bank for the benefit of seamen and their families. It was one of the oldest savings banks in the country and the first to be established in New York City. The bank had $2.1 billion in assets and 170,000 depositors at the time of its closure.
Furthermore, this bank was owned most recently as part of the Rex and Patti Stark Collection of Massachusetts, where it sold yesterday for $11,682 including the buyer's premium.
Please Stay Tuned...Much More to Come...
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