This is a currency note from the Bank of the United States and is not an obligation of the United States government. The Treasury Department did not issue notes intended for circulation as currency until 1862.
The grommet panel must be a minimum of 70 inches wide, between the side hem seams, to provide just slightly more than 1.5 times fullness on the 40-inch space.
Grommets are used to reinforce holes in leather, cloth, shoes, canvas and other fabrics. They can be made of metal, rubber, or plastic, and are easily used in common projects, requiring only the grommet itself and a means of setting it with a punch, a metal rod with a convex tip. A simple punch, often sold with the grommets, can be struck with a hammer to set the grommet.