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society of Paper ittoney Cellecter4
S P M C Library
A Message from The President
A chain is as strong as its weakest link! By far, the
weakest link in our organization is the lack of material
for publication. Although this fact was one of the main
points of discussion at our first annual meeting in Detroit
last year, it has progressively gotten worse. Numerous
articles have been promised BUT we cannot print
I realize that many of you probably have never
had articles in print before. This does not mean that they
are unworthy of publication. All of us have knowledge
that is of interest to our fellow members. "Paper Money"
is the means of dispensing that knowledge.
THIS IS YOUR ORGANIZATION! It is anc will
continue to be whatever you wish it to be.
Society of Paper Money Collectors
VOLUME 2 WINTER 1963 NUMBER 1
PUBLISHED QUARTERLY BY THE SOCIETY OF PAPER MONEY COLLECTORS
Editor Hank Bieciuk
Foster W. Rice, Arlie Slabaugh,
Fred R. Marckhoff, C. J. Af fleck, Dwight L. Musser
Subscription $4.00 Per Year
One Time Yearly
Outside Rear Cover $35.00 $130.00
Inside Front & Rear Cover 32.50 120.00
Full Page 27.50 100.00
Half Page 17.50 60.00
Direct Advertising to the Editor. The Right Is Reserved to Reject Any Advertisement.
"Terminology for Obsolete Notes" Page
By Hank Bieciuk 4
"A Mystery Note"
By George W. Wait
"Treasury Department Letter" 7
"The M/C and C/M Warrants of Texas"
By Charles R. Ross and John H. Swanson 8
"An Interesting Discovery"
By M. M. Burgett 9
"Civil War Payments"
By Fred R. Marckhoff 10
"Two Early Notes"
By M. H. Loewenstern 11
New Membership Roster 12
ociety of Papa !honey Collectors
OFFICERS — 1963
President Hank Bieciuk
First Vice President James J. Curto
Second Vice President
Thomas C. Bain
Secretary George W. Wait
Treasurer Glenn B. Smedley
APPOINTEES — 1963
Historian-Curator Earl Hughes
BOARD OF GOVERNORS — 1963
Julian Blanchard, Charles J. Af fleck, Ben Douglas, Amon G. Carter, Jr., James
Kirkwood, William A. Philpott, Jr., Robert H. Dickson, Michael Kolman, Jr., Morris
H. Loewenstern, Julian Marks, John H. Swanson.
VOL. 2, NO. 1
Terminology For Obsolete Notes
by Hank Bieciuk
It has often been said that a catcher's mask, glove,
chest protector and shin guards are the tools of ignorance.
Be that as it may. That they are the tools of the baseball
trade no one will deny, and this is the important point.
There are many words and terms peculiar to the field of
broken bank notes and it would be wise to become familiar
with some of them. Many large auction catalogs and ad-
vertisements use these terms on the assumption the reader
is familiar with them. Unfortunately, often this is not the
case. I remember one auction in which a note was de-
scribed as "uncirculated, slightly foxed." The proud high
bidder received the note, noted that it indeed was uncir-
culated but slightly stained or discolored and promptly
returned it. Yet the note was properly described! In this
instance, the term "foxed" was an unfamiliar one and the
bidder did not realize "foxed" meant discolored or stained.
By the way, "foxing" is usually a by-product of age.
A working knowledge of some of the more common
terminology will save both the dealer and collector a lot
of unnecessary time, trouble and expense. Clip out this list
and save it. It may be of help to you at some later date.
ALTERED NOTE — Notes that were illegally
changed. Counterfeiters at times, were able to obtain the
original engraving plate of an actual bank. Security then
was hardly worthy of the name.
Other methods included obtaining notes of a defunct
bank and altering the name and location of the defunct
bank to one that was in operation in another town or
state. This type of altered note was quite common and led
to the issuance of bank note registers or lists.
ORIGINAL $2.00 NOTE ISSUED BY THE
THAMES BANK OF LAUREL, INDIANA
ALTERED NOTE OF THE THAMES ISSUE.
BANK NOTE—Paper currency issued by a bank. This
is a general term and is often used to describe notes issued
by railroads, insurance companies, etc. Since these com-
panies or concerns functioned to some extent as banks, the
term is acceptable.
BANK NOTE REGISTER—A periodical that listed
and described current issues of genuine notes. Since coun-
terfeiting was so prevalent, this was a safeguard used by
banking houses in redeeming notes.
BANK NOTE-STAMP ENGRAVING—An engrav-
ing, or part of one, that was used on both bank notes and
on stamps. Many of these notes are collected by both bank
note collectors and by stamp collectors. The Washington
and Franklin heads on the 1847 stamps are found on many
BILINGUAL NOTES—Notes on which some of the
wording is in two languages. A good example is the Citizens
Bank of Louisiana. At that time, a large percentage of the
population was French and notes of this bank were printed
in both English and French. There are some Penn. notes
that were printed in English and German.
BILINGUAL NOTE PRINTED IN BOTH ENGLISH AND FRENCH
BRANCH BANK NOTES — Many banks had
branches and they used a different vignette for the branch
bank or left a blank space on the note to be filled in as
to the branch. At times notes of the parent bank were
only payable at one of their branches.
CANCELLED NOTE—A note that has been re-
deemed. The form or type of cancellation varied. It could
be cut cancel (cutting an X into the note with a knife or
other sharp instrument), a cut out cancel (hole, triangle,
etc.), a written cancel, etc. It is my theory that some notes
were retired by merely marking them as counterfeit. I have
examined many notes marked counterfeit with their
genuine counterpart and could find no difference whatever.
CERTIFICATE OF DEPOSIT—There are instances
where an individual would deposit a certain amount of
money in an institution and would be issued a Certificate
of Deposit. This certificate would state that the bearer de-
posited $1; (or other amounts) and would receive this
amount upon surrender of the certificate. These certifi-
cates were of the same appearance as bank notes and most
of them circulated as actual money.
CONTINUED ON NEXT PAGE
C, -aty dakrs.
ti at a troi,it or ix.
VOL. 2, NO. 1 Paper rnaite9 PAGE 5
TERMINOLOGY CON'D FROM PAGE 3
CITY NOTES OR SCRIP—Notes issued by a city for
various reasons. Many of these issues were in the form of a
loan and bore rates of interest.
COUNTY NOTES—Notes issued by a county. A
large percentage of county notes were issued during the
Civil War. Virginia County notes are probably the most
COUNTERFEIT—An illegal imitation of a genuine
note. Counterfeiters would hire "shade tree" engravers
who made plates of bank notes in circulation. Notes were
then printed and passed, much as it is today. This practice
was so widespread that periodicals called "Counterfeit
Reporters" had to be used. These listed all the known
spurious notes. Of course, altered notes are also counter-
feits, but they differ in that the original plate was used.
CUT NOTES—Notes that were cut in half. This
practice is usually found in the $50 and $100 denomination
notes. Notes of these denominations were often cut in half
as a safeguard in mailing and also for the purpose of
DIE-PROOF—An engraving on India or rice paper,
used for various reasons. Engraving firms often used these
die-proofs to show prospective customers samples of their
DIX NOTE—This is the $10 denomination note of
the Citizens Bank of Louisiana at New Orleans. It derived
its name Dix from the French and appears on the back
of the note. This was a very solvent bank, its notes were
popular and circulated freely and were callied "Dixies."
ENGRAVING—By engraving I mean the figures,
lettering and numbers. Many engravings are the work of
two or more engravers. Since each engraver is a specialist
in his particular field, i.a. lettering, figures, etc., a note is
very difficult to counterfeit successfully. The time required
to prepare a finished plate usually ranged from one to four
months, depending on the complexity of the subject matter.
FARE TICKET—This is scrip, printed in the form of
a bank note, and entitles the bearer to transportation for a
certain number of miles. The most common are the South
Carolina Railroad issue.
FIBER PAPER—A rag content paper having red or
blue silk fibers scattered throughout. Used principally as a
safeguard against counterfeiting.
FOXING—To become discolored or stained. This is a
by-product of age. Different compositions of papers deter-
mine to what extent this occurs.
FRACTIONAL BANK NOTES—A note issued in a
denomination of less than one dollar. These are found in
many odd denominations such as lc, 2c, 3c, 6 1/2c, 121/2c,
25c etc. As bank notes or scrip, they are not to be confused
with the fractional currency notes isued by the government
between 1862 and 1876.
COUNTY SCRIP ISSUED IN TEXAS
ISSUE—The entire printing production of a particular
note. Some banks were in business long enough to have
had several issues. These different issues often had a
completely different engraving than the previous issue.
MORMON NOTES—Notes issued by the Mormons
at either Ohio or Utah. The Kirtland Safety Society Bank
notes, issued at Kirtland, Ohio were one of the first issues.
These were often signed by Rigdon and Smith, organizers
of the Mormon colony then in Ohio.
MULTI-STATE NOTES—Notes that were issued by
a bank or firm in one state and payable in another state.
At times even three states were involved and notes of this
type are difficult to classify. They are often listed in all the
NOTE ISSUED IN INDIANA AND PAYABLE IN IOWA.
PARISH NOTES—These are actually county notes.
However, Louisiana chose to call its political subdivisions
parishes, rather than counties and still does. These were
mostly issued during the Civil War.
POST NOTES—Notes payable at some specified future
date. Many banks issued these notes for circulation at a
stated rate of interest. While usually of the same appear-
ance as regular bank notes, they in addition carried a
redemption date and paid interest.
PROOF NOTE—A note, printed on either India or
rice paper, and submitted to the customer for final approval
before actual printing of the issued commenced.
RAISED NOTE—This is a counterfeit in the sense
that the denomination of a genuine note was altered to a
higher denomination. Raised notes had the original de-
nomination either eaten out (bleached by acid) or cut
out, and another denomination put in its place. At times
the raising was done by hand by skillfully changing the
original by pen.
REDEEMED NOTES—Notes that were taken out of
circulation. Sometimes these were paid off in specie and at
times were replaced by another issue. Redeemed notes
were then cancelled by an ink stamp, a cut or cut out
cancel, pen notation, etc. Some Georgia notes bear the
imprint "Paid 25 pr et Gold."
CONTINUED ON NEXT PAGE
Paper litene9 VOL. 2, NO. 1
TERMINOLOGY CON'D FROM PAGE 4
REISSUED NOTES—Notes received by the issuing
bank or firm and later put back into circulation. There are
different types and reasons for reissued notes. Some were
originally redeemed and later, of necessity, put back into
circulation. Some were reissued by an entirely different
agency or person. Notes of the defunct Agricultural Bank
of Tennessee were stamped with a round or oval stamp
by one A. J. Stevens of Des Moines, Iowa and were put
into circulation in that state. Most reissued notes will bear
some type of notation.
SAFETY FUND NOTE—This was a plan employed
by a few states, notably New York and Michigan, to en-
hance the reliability and stability of notes issued by the
plan's members. Banks who were members of the Safety
Fund were required to pay a percentage of their capitaliza-
tion into the fund. The money thus collected would be ap-
plied against any debts incurred by an insolvent member
of the fund. Unfortunately, the plan did not work out as
expected and was discontinued.
SCRIP—A note or certificate entitling the holder or
bearer to money, merchandise or service as specified on the
scrip. Some scrip could be redeemed or exchanged on de-
mand, while other scrip specified a future date for such
STATE BANK NOTES—Notes issued by a bank
which was chartered by the state. Many states had the
authority to issue state charters to individuals for banking
purposes prior to 1862. As a rule, these chartered banks
generally operated on a more sound basis than unchartered
SUTLER NOTE OR SCRIP—A sutler was a mer-
chant who dealt primarily with the military. During the
Civil War, sutlers would follow the army and provide the
troops necessities and luxuries (cigarettes, writing paper,
bakery goods, etc.) The sutlers were authorized to issue
notes or tokens, bearing their name, good in exchange for
merchandise. (Much like the PX coupons or chits that
were issued during World War II.) On pay day, the
soldier was required to pay the sutler the amount due him
before leaving the pay table. Sutlers ceased to exist as
such after the Civil War.
TERRITORIAL NOTE—Notes issued by a chartered
bank or other agency by Territorial authority. Omaha
City, Nebraska Territory, issued some of the most beauti-
ful notes ever engraved.
VIGNETTE—The pictorial portions of the engraving.
Most notes have a large or central vignette. These vignettes
were often used on more than one bank note and it is
interesting to find two different notes with the same
WARRANT—Notes issued by political subdivisions.
These usually were circulated in the form of a loan, at
times were interest bearing and could be used in the pay-
ment of taxes or other debts due the issuing agency.
WILDCAT NOTES—Notes of a bank or other in-
stitution that did not have a state or territorial charter.
These were the most speculative of all notes.
A Mystery Note, by George W. Wait
History, intrigue and unanswered questions are in-
volved in this $1 note of the Bank of Commerce, New
Orleans. Dated May 5, 1862, it reads "Six months after the
termination of the present war this bank will pay in the
notes of the banks of this city to the bearer One Dollar."
It bears the imprint of the American Bank Note Company,
Note the similarity of the above wording to that on
the Confederate notes, "Six months after the ratification of
a treaty of Peace between the Confederate States and the
United States the Confederate States of America will pay
dollars to bearer."
New Orleans fell to the Union forces under Admiral
Farragut on April 25, 1862. General Butler commanded
the troops which occupied the city. For a short time, Con-
federate currency was the medium of exchange. Since it
was not logical that territory in control of the United
States use CSA notes, on May 19, 1862 General Butler
ordered that banks could no longer pay out Confederate
notes but were to accept them on deposit until May 27,
1862. United States currency not being available, bank
withdrawals had to be in gold, silver or notes of the bank.
The banks were caught in a squeeze and many were forced
to increase the amount of their notes in circulation. In
protest, the Bank of Louisiana stamped their new in-
voluntary obligations "Forced Issue."*
This shortage of currency could account for the Bank
of Commerce note—but other facts dispute it. It was im-
possible to design, engrave and print the notes within the
CONTINUED ON NEXT PAGE
VOL. 2, NO. I
Paper !)tone, PAGE 7
A MYSTERY NOTE CON'D FROM PAGE 5
ten days after the fall of the city. It was dated two weeks
before General Butler's order. The wording indicates
Confederate origin. The note was not ordered before the
war, since it reads "after the termination of the present
war." On the other hand, the ship in the notes' vignette is
flying the American flag! This ship vignette was not en-
graved especially for this note. It also appears on a ten
dollar note of the Westminster Bank of Providence, Rhode
Island, owned by Julian Blanchard and illustrated here-
with. Dr. Blanchard also has a die proof of the vignette,
which authenticates both notes. Did this Northern com-
pany accept a contract from Southern sources and did the
fall of New Orleans interfere with the issuance of the
Bank of Commerce notes?
On May 3, 1861 Tracy R. Edson, president of the
American Bank Note Company, wrote U.S. Postmaster
General Montgomery Blair that all offices of the ABN Co.
had been instructed to do no more work of any description
for any of the "Disaffected States."**
Such orders no doubt were in recognition of Mr.
Lincoln's proclamation of April 19, 1861 relative to the
shutting off of commerce with the South.
Aside from artistic considerations, this note is a prime
example of why there are collectors of obsolete paper
money. While full details of a note's background are
seldom obtainable, most of them represent enough history,
mystery, and plain human interest to whet our appetite for
more. Having digested as much as possible of our current
subjects, we look forward to each new acquisition as an
exciting new chapter in our book of paper numismatics.
*Butler's Book. By Benjamin F. Butler, Thayer Book
Publishers, Boston, 1892.
**Collectors' Club Philatelist, April 1941, v. 20, p. 125.
WASHINGTON, OCTOBER 28, 1911
Mr. D. C. Wismer,
North Wales, Pa.
In reply to your inquiry of October 27 in relation to the liability of a national bank that is a successor of a
state bank for the redemption of the outstanding circulation of the latter, you are informed that where a state bank
is converted into a national bank in conformity with the provisions of the National Bank Act applicable thereto,
there is not a dissolution of the corporation but merely change of title and governmental supervision and the change
does not discharge the national bank from liability to the holders of the outstanding circulation issued prior to conver-
sion. This question was determined in the case of Metropolitan National Bank v. Clagget, 141 U. S., 520, in which
the court held that:
"The conversion of a state bank of New York into a national bank did not destroy its identity or its cor-
porate existence, nor discharge it as a national bank from its liability to holders of its outstanding circulation
issued in accordance with state laws."
(Editor's Note: This letter is printed through courtesy of Mr. Richard Picker and
through the cooperation of John J. Ford.)
VOL. 2, NO. 1
The M/C and C/M Warrants of Texas
by Charles R. Ross and John H. Swanson
Most of the bellum-period warrants of Texas bore
printed indications of their intended use for "civil" or for
"military" disbursements. However, some of the "civil"
blanks were modified by use of overscripts into "military"
forms, and vice versa; and these are known as the "M/C"
and "C/M" instruments. Presumably these modified forms
resulted from the employment of residual supplies of
warrant forms during the paper shortage which plagued
the South through the last three years of the war. Brad-
beer,* knew of their existence; but the principal literature
dealing with them seems to consist of two brief paragraphs
written by the Criswell brothers,.
Texas issued warrants in total amount of $79,870.33
between the instant of secession and the close of the calen-
dar year 1861 3. At that time it was the policy of the Treas-
ury to destroy redeemed warrants, and no specimens is-
sued during the period are now known to exist. On January
11, 1862, a new military board assumed control over
Treasury activities, and much of our knowledge of bellum-
period warrants commences with those issued on the fol-
All warrants disbursed between January 12 and the
initial week in March were of very plain type and identi-
fiable by the Criswell numbers 5 to 6-B, 15 to 16-B, 21
to 22B, etc. No "M/C" or "C/M" modifications are known
to have been made from blanks belonging to this early
Early in March the Treasury commenced the dis-
bursement of rather highly colored warrants, identifiable
by their Criswell numbers 1, 2, 7, 7-A, 8, 11, 12, 17, 18, 23,
24, etc. They appear to have been discontinued in use as
the various supplies of forms were depleted. Some of them
ceased to appear during June, whereas others were con-
tinued in service through several succeeding months; but
all of them which bore printed dates of 1862 appear to
have been used during that calendar year.
During the summer of 1862 a very few of the "civil"
forms of the Criswell 42 type were modified with a pen for
use in "military" disbursements (Fig. 1), and they are
presumed to constitute the only "M/C" items issued within
that year. Also, during the spring of 1863 some of the
yellow and red forms numbered 30 and 36, these being
"civil" items of $50 and $100 denominations, were simi-
larly modified. The above three kinds (Figs. 1, 2, 3) seem
to constitute the currently-known "M/C" instruments.
The green-hued warrants, they being types numbered
3, 4, 9, 10, 13, 14, etc., commenced to appear rather early
in the summer of 1862, and they remained in use until the
war was terminated. In June, 1863, a few of the "military"
blanks of $100 denomination were employed for "civil"
disbursements (Fig. 4); and as the struggle drew to a close
a very few of the "military" $50 items of this series were
similarly altered,. These are believed to constitute the
"C/M" warrants in toto.
The $50 specimen of "C/M" type which is illustrated
in the Criswell manual was dated almost two months sub-
sequent to General Lee's surrender at Appomatox Court-
house. This brings to mind that the final engagement of
the war took place in southern Texas, and that Federal
control of the State was assumed by occupation forces
commanded by General Gordon Granger on June 19,
18656. The official pronouncement that the war was over
for Texans was made by President Johnson on August 20th7.
1. Bradbeer, W. W.: Confederate and Southern State
Currency. Pvt. Pr., 1915, p. 157; repr., 1945 p. 157.
2. Criswell, G. C., and Criswell, C. L.: Confederate and
Southern State Currency. Vol. 1, of Criswell's Currency
Series. Pvt. Pr., 1957, p. 255.
3. Miller, E. T.: A Financial History of Texas. Bull. Univ.
of Texas 37 (July, 1916), p. 134.
4. Criswell, op. cit., p. 265.
5. Newton, L. W. and Gambrell, H. P.: A Social and
Political History of Texas. Turner Co., Dallas, 1935;
6. Ibid., p. 300.
7. Ibid. p. 302.
*Bradbeer's recitation indicates that he may not have
known of warrants of the "M/C" type, his actual state-
ment being that "on some notes 'civil' is written over
Fig. 1. An "M/C" warrant issued in 1862.
ILLUSTRATIONS CONTINUED ON NEXT PAGE
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VOL. 2, NO. 1 Paper 1itene9 PAGE 9
ILLUSTRATIONS CON'D FROM PAGE 7
Fig. 2 Approximately half of the known "M/C"
warrants are $50 items of the above type.
Fig. 3 Nearly one-half of the known "M/C" items
are $100 items of the above type.
Fig. 4 "C/M" warrants are believed to be either
$100 items of the above kind or $50 instruments of
the same type.
An Interesting Discovery, by M. M. Burgett
A few years ago, quite by accident, it was my good
fortune to acquire an obsolete note which has proved a
real challenge as far as identification and research are
concerned. This will not be surprising to the majority of se-
rious collectors of obsolete currency, I am sure, as the
paucity of research material, catalogues, books, et cetera,
on the subject of uncurrent notes, has proved a real
stumbling block to the serious study of many a fascinating
item. Often a collector has in his possession many an
obscure specimen about which he can learn next to noth-
ing, due entirely to the dearth of informative material
available. Regarding the note mentioned above, I be-
lieve its fascination for me is due to the fact that it pos-
sesses not one or two, but actually four points of keen
interest: 1. It was issued and used by American Indians.
2. It was redeemable in Confederate currency. 3. The de-
nomination of $1.25 is an odd and interesting one and
seldom encountered, even in large collections. 4. This item
falls into perhaps the rarest category representing these
notes—a western territorial issue.
CONTINUED ON NEXT PAGE
Paper ))tone VOL. 2, NO. 1
AN INTERESTING STORY CON'D FROM PAGE 8
A description of the note is as follows. Printed in black
on the coarse white paper of the mid-nineteenth century,
it measures 6 1/2 " by 2 1/2 " and is unif ace. Left end: Indian
warrior, with gun, kneeling on precipice. Right center: A
wagon load of cotton drawn by mules; two negroes atop
and one alongside. Legend: North Fork, Creek Nation—
April 23, 1862—No. E—Due to Bearer—One Dollar and
Twenty-Five Cents—in Confederate notes, when the sum
of ten dollars is presented. Lower portion of note: Printed
signature of S. S. Sanger, Jr., Pres't.—a dog's head—auto-
graphed signature of Frit? M. Sanger, Cash'r. At each end
in red "1.25"; value in legend also in red. The note was
produced by: "Whitmore & Bros., Appeal, Memphis"—
apparently a newspaper publishing concern.
Now for a brief account of the historical facts which
I have unearthed concerning the issuance of this note, how-
ever meager they may be. The town of North Fork, which
is no longer in existence, was located about 2 1/2 miles east
of the present town of Eufaula, Oklahoma. North Fork
was founded early in the nineteenth century and was an
important trading center in the Creek Nation until its
abandonment around 1872, when the Missouri-Kansas-
Texas Railroad was built through the territory and the
inhabitants of North Fork moved to the site of present-day
Eufaula. Many intertribal meetings were held in old North
Fork, as well as the signings of three treaties with the Con-
federate States. Banking in the five civilized Indian nations
of the Cherokees, Chickasaws, Choctaws, Creeks and Semi-
noles was conducted through stores and trading posts, in
which the few iron safes in the territory were located. The
Indians took their money to the merchants who issued due
bills, trade notes, etc., for such funds, which due bills and
trade notes usually circulated as money. According to
records available, S. S. Sanger, a trader in the Creek Na-
tion, was a mixed blood citizen of the tribe. Of course, it is
a matter of record that the Creek Nation espoused the
cause of the Confederacy.
It is my intention to continue searching for informa-
tion concerning this intriguing item, and I will welcome
any assistance from fellow hobbyists relevant to the sub-
ject. For example, what other values were issued by this
firm? Are any of them still in existence? Who are the
fortunate owners of these notes? In my attempts at research,
I have contacted museum curators, historians, and fellow
numismatists, none of whom has ever seen or heard of such
an issue. Perhaps this brief sketch will be of help in un-
covering new facts which will shed light on this enigma of
the past, who knows.
Civil War Payments, by Fred R. Marckhoff
As early as 1862, County and even State governments
found it necessary to institute taxing programs or appro-
priate funds to pay for hardship, disability or other similar
claims of indigent men in uniform. This practice continued
on throughout the war and well into the post-war days of
the middle 1870's, when belated claims for many were
acted upon in some communities, notably Missouri.
It is difficult for us to realize that many who served
in the Civil War did so without full, or perhaps any com-
pensation, until 1874, if at all. Only the low cost of goods
and services allowed them to do this, to be sure. However,
in both the north and south, hardship cases were acted
upon rather quickly by creation of public or private distri-
One such issue of Texas, for example, was made by
the Rio Grande Soldiers Fund at Brownsville, and the
note read, "Ten Thousand Dollars On Deposit."
While some counties raised or appropriated funds for
this purpose in small amounts as the need arose, the Board
of Commissioners of Henry County, Indiana held a Special
Session at New Castle on Jan. 3, 1865 for the specific pur-
pose of providing funds for needy soldiers. On the reverse
side of these notes are the words, "Henry County Military
In Iowa it was much the same way, as all payments
were made by "order of the Board of Supervisors." Wheth-
er or not future payments after 1862 were made by this
same order and issue, or if subsequent ones were neces-
sary, is not known. In the note illustrated the payment for
$1.00 seems very small, even for those days.
CIVIL WAR PAYMENT
CONTINUED ON NEXT PAGE
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VOL. 2, NO. 1 Paper iitette9 PAGE 'II
CIVIL WAR PAYMENTS CON'D FROM PAGE 9
Also illustrated herewith is an unusual $6 note from
Monroe, Wis., dated July 1st, 1862, payable on the first
day of December, 1862. Without doubt, however, this note
passed as currency in July, 1862 on the strength of the
payment to be received in December of that year.
Because of the changing and divided military allegi-
ances of much of Missouri, most all claims were handled as
State payments on claims from the various Counties. Also,
many counties were in bad financial straits, due to the
disruption of normal peaceful pursuits, as both armies
swept across their land.
On March 19, 1874 the General Assembly of Mis-
souri passed an all inclusive Act at Jefferson City, ap-
propriating money for all war claims that had been vali-
dated, for military service, supplies, damages, etc.
Illustrated herewith is a payment of $123.49 to a
Robert Crahill for his service in Nodaway County, Regi-
ment E, of the Missouri Militia, or the Enlisted Missouri
Militia. It is printed on green paper, and the printed title
for the signer is "Actg. Paymaster Genl."
The other Missouri note shown herewith is to a
Cyrus Hutchison, for "supplies furnished" in the amount
of $20.00. This note is printed on pink paper, the military
service printed part of the text has been eliminated, and
the printed title for the signer is "Actg. Quartermaster
Genl." However, the same signature, J. V. Compton, ap-
pears to be on both notes.
Another County that issued this payment scrip was
Bureau County of Illinois, by the Board of Supervisors,
Soldiers' Relief Fund, in 1864, in the $2 and perhaps other
Two Early Notes, by M. H. Loevvenstern
This Silver Certificate was issued in 1878. It is most
unusual, as most United States Notes issued during this
period show "Treasurer of United States" and this note
Heading shows "Assistant Treasurer of U.S."
This note is identified in Friedberg's Catalog as #283,
however, it is not illustrated. Also notice that this is a
three signature note, signed by J. C. Hopper, as Assistant
Treasurer, G. W. Scofield, as Register of the Treasury,
and Jas. Gilfillan, as Treasurer of the U.S.
This is an unusually rare note, for the reason that it
is Uncirculated and bears a rather low serial number. It is
thought that only four or five of these notes exist in this
The above Note is an early Demand Note, issued on
March 25, 1815. While this is not legal tender, as the
issues of 1861 and since, the note illustrated is definitely a
collector's item, even though it is not redeemable today.
The Treasury also issued United States Currency
during the War of 1812, in the Depression of 1837, the
Mexican War, and in 1857 during The Panic.
These notes are very scarce, and most collectors have
never seen them.
Paper iitene VOL. 2, NO. 1
Paper Money Slides
Mr. B. M. Douglas, prominent Washington numis-
matist and member of our Board of Governors, announces
that in conjunction with the Montgomery County Coin
Club he is preparing sets of slides illustrating paper money.
Initially these slides will cover the following subjects:
Colonials by Colonies.
Colonials and Continentals—odd denominations.
Colonials and Continentals—historical notes and
Southern States notes of Civil War period—state, city
and private notes.
Confederate—Southern State Upham Facsimiles.
Broken Bank notes portraying or representing these
Odd or error notes.
Civil War period.
Coins on bills.
These slides will be ready by August of this year and
will be made available to clubs upon request addressed to
Mr. Douglas at 402 Twelfth Street, N.W., Washington
Slides will be sent out in order of priority of request.
Applications should be accompanied by a payment of 50
cents to cover postage and insurance only.
As popular educational features, these slides are ex-
pected to be very helpful to the clubs in their regular
meetings. They should also stimulate interest in paper
The collecting of paper money took a giant step
forward by James Kirkwood being awarded the "Best of
Show" award at the Penn Ohio convention in Youngs-
town, Ohio. James showed his fine collection of paper
money of Great Britain and its colonies which is very
colorful and informative. The judges, Mr. Mosktowvitz,
Mr. Ferguson and Art Lovi awarded this honor to Mr.
Kirkwood because his exhibit contained the best numis-
matic information that could be given in such a manner
that even a non numismatist could understand. The ar-
rangement, neatness and eye appeal plus originality of dis-
play, completeness and variety contributed greatly to his
winning of this fine award. Mr. Kirkwood has done a
marvelous job for paper money collecting by exhibiting at
this and many other conventions. We need more men like
him who are willing to take the time to exhibit their
collections to help numismatics.
Mr. Ed Neuce of "Coin World" also displayed a very
fine collection of paper monies of the world mounted on a
very large map. He also showed many different types of
Notgeld from Germany and Austria. For his fine effort he
was awarded first place in the foreign money class. Con-
Art Lovi, Pensacola, Florida
New Membership Roster
No. Name and Address-
470 James Rutlader, 1122 Truman Road, Kansas City 6,
471 R. E. Medlar, 4516 48th Street, Lubbock, Texas
472 Tracy Atkinson, 414 East Daphne Road, Milwaukee 17,
478 James H. White, 10404 Orange Grove Drive, Tampa 12,
C Texas currency
C CSA and Broken Bank Notes
C CSA, Canal Bk., Alabama and Fla. State
CONTINUED ON NEXT PAGE
VOL. 2, NO. 1
Paper liteney PAGE 13
NEW MEMBERSHIP ROSTER CON'D FROM PAGE 11
479 Mrs. Ruth B. Springer,
waukee 6, Wisconsin
480 L. R. Phillips, 403 North Malone Street, Athens,
C-D CSA, U.S. Coins and Paper Money
481 Paul Popovich, 416 Highland Avenue, Canonsburg,
482 Bill Rutkowski, 618 Morgan Avenue, Brooklyn, New C
483 David D. Levy, 1000 Grove Street, Evanston, Illinois C U.S. Small Notes; British Commonwealth
484 Kenneth Kantak, 2450 West Wells St., Milwaukee 3,
Proof Coins and Paper Money
485 Mrs. H. A. McCallum, Box 138, Monroe, Oregon C U.S. Large Bills and Uncut Sheets
486 Edward L. Farioly, 15 Golden Hill Street, Danbury,
C U.S. Large Notes and Fractionals
487 David Cox Jr., Hertford, North Carolina C CSA and N.C. State Notes
488 John Hegedus, 516 East 118th Street, New York 35,
C Foreign Paper Money and U. S. Coins
489 Milton A. Berger, 2510 Avenue X, Brooklyn 35, New C General—Foreign—Obs. and Current
490 Ronald Dowaleski, 5648 Girard Ave., Niagara Falls,
C-D China, Cuba, Philippines, Africa, Central and
491 Fred Lamb, Box 303, Gorham, New Hampshire C N.H. Obsoletes and Large Sized National
492 John E. Maher, 722 West 5th Street, Jamestown, New
C Coins—Indians, Jeffersons, Mercury Dimes,
493 Lawrence Marsh, 69 Arundel Place, Clayton 5, Missouri C Obsolete Currency
494 Mrs. E. A. Vautrain, 311 South Jefferson, San Angelo,
C Large Sized Notes
495 Clark F. Bennett, 16 Sum= Street, Gloversville, New C Bank Notes—Large
493 C. R. Ross, 1334 East 8th, Okmulgee, Oklahoma C U.S., CSA, Southern States, Canada, Military,
497 H. E. Plew, Jr., 557 Lincoln Boulevard, Santa Monica,
C U.S. Small Sized Notes
498 Rt. Rev. Edmund J. Yahn, 1516 Warwood Avenue,
Wheeling, West Virginia
C U.S. Small Sized Notes
499 G. G. Sawyer, Jr., Route #1, Box 287, Effingham, South C-D South Carolina Obsolete Notes
500 Charley Geiger, 2061 Riverside Dr., Lakewood 7, Ohio C Ohio National Bank Notes
501 Everett R. Crow, 5824 Oakes Road, Brecksville 41, Ohio C U.S. and Obsoletes
502 James W. Janz, 340 9th Street, North Apt. #2, Wiscon-
sin Rapids, Wisconsin
C U.S. Currency
503 George J. Schlesinger, 2847 North 85th St., Milwaukee C Colonial Currency
504 Robert F. Evans, 2611 Springfield Drive, Indianapolis C
Correction—the following listing of charter members was in-
advertently omitted from the Spring 1962 issue.
No. Name and Address- Collector Specialty
343 Edward B. Kirkpatrick, 407 S. Grant, Bloomington, C
344 Dr. George Fuld, P.O. Box 6047, Baltimore 31, Mary- C Md. P.M. Colonials, Tokens, Medals
346 Keith A. Ewart, 1330 Montgomery St., Moose Jaw, C
CONTINUED ON NEXT PAGE
3722 North 7th Mil-Street, C Broken Bank Notes
Paper iltene9 VOL. 2, NO. 1
NEW MEMBERSHIP ROSTER CON'D FROM PAGE 12
347 Alfred J. Nash, 17190 Locherbie Ave., Birmingham,
348 Raymond J. Weihaus, 379 Ewing St., Princeton, New
349 Richard T. Hoober, 236 Rice's Mill Rd., Wyncote,
350 Joseph Balkun, 46 Quintard Terrace, Stamford, Con-
352 Albert Pick, Koln-Weidenpesch, Ginsterpfad 3, Ger-
353 Jay E. Gilkey, 214 NW 7th, Oklahoma City 3, Oklahoma
354 Arthur Mills, 2955 White Plains Rd., New York 67,
355 Robert 0. Schaeffer, 346 Ingleside Ave., Aurora, Illinois
356 Jerman A. Krajewski, 33 Park St., Rockville, Connecti-
357 Walter M. Peterson, Rt. 2-104 Sell Rd., Bensenville,
358 Bill Halliwell, 21370 Morris Ave., Euclid 23, Ohio
359 Philip Spier, 1817 St. Catherine St. West, Montreal 25,
360 Julius Turoff, 144-07 69th Ave., Flushing 67, New York
361 C. J. Dochkus, 3522 E. Thompson St., Philadelphia 34,
362 James B. Shaffer, Box 1335, Balboa, Canal Zone
363 Werner Amelingmeier, 54 Park Ave E. Merrick, New
364 Roland Charles Casanova, Gen. Del., Margarita, Canal
365 Steven A Hiss, 2361 Robin Rd., West Palm Beach,
366 Paul Uhlar, 1219 Indianola Ave., Youngstown 2, Ohio
367 Kenneth J. Ferguson Jr., 2706 Detroit Ave., Cleveland
368 Jae D. Kitchen, 720 W. Sherman St., Caro, Michigan
369 S. Hill, 2302-32 St., Vernon, British Columbia, Canada
370 Judson W. Germon, 7316 Covington Rd., Lithonia,
371 Gordon W. Colket, Box 164, Gladstone, New Jersey
CORRECTIONS OF PREVIOUSLY PUBLISHED LISTS
348 Raymond J. Weihaus, 379 Ewing St., Princeton, New
350 Joseph Balkun, 46, Quintard Terrace, Stamford, Con-
365 Steven A. Hiss, 2361 Robin Road, West Palm Beach,
120 Alfred D. Hoch, 18 Irving Ave, Natick, Massachusetts
130 Charles T. Heaton, 135 Kensington Place, Syracuse 10,
147 David I. Strahan, 224 Lake Desire Dr., Renton, Wash-
193 C. Elizabeth Osmun, 418 Acorn Ave., Telford, Pennsyl-
195 George B. Schwarz, 3785 Northampton, Cleveland
Heights 21, Ohio
312 Richard D. Brandt, 452 Sutton Ave., Hackensack,
C Foreign, Military, U.S., Colonial, Fraction,
C Colonial Paper Money
C Worldwide and U.S.
C-D Canadian Coins and Currency
C-D North and South American, Foreign
C Obsolete Currency
C U.S. Large Bills
D U.S. Currency and Broken Bank Notes
C Colombia to 1903 Panama and U. S.
C CSA—Broken Banks
C Mexico, Russia, Other World
C CSA and Southern States
C Michigan Currency
C-D Advertising Notes, Proofs
C Foreign, Military U.S. Colonial, Fractional,
C-D Early Scrip and Odd Denomination Notes
C Philippines and U.S. Military Currency
C Obsolete Paper Money
C-D Old Obsolete Notes
C All Paper Money
CONTINUED ON NEXT PAGE
VOL. 2, NO. 1
Paget honey PAGE 15
NEW MEMBERSHIP ROSTER CON'D FROM PAGE 13
CHANGE OF ADDRESS
311 C. F. Mackenzie, 401 Ocean Villa, 1245 Beach Avenue,
Vancouver 5, British Columbia
115 John B. Hamrick Jr., 165 4th St. N.W., Atlanta 13,
153 Irving M. Strong, 1 Elm Court, Reno, Nevada
271 Major Sheldon S. Carroll, Box 345, Norwich, Ontario,
10 D. Wayne Johnson, P.O. Box 333, Shawnee Mission,
335 David Atsmony, P. 0. Box 3102, Tel Aviv, Israel
20 Julian S. Marks, 3719 Reading Road, Cincinnati 29,
51 Allan Lieberman, 3440 W. Steven Rd., Baldwin Har-
bour, New York
147 David I. Strahan, 224 Lake Desire Dr., S., Renton,
73 John T. Walker III C/O E. S. McCoy, Rt. 1, Cambria,
413 Capt. J. E. Wilkinson, Unit 1, Box 1122, McChord AFB,
119 Ivor Sherman LeBane, 9024-140 Street, Edmonton, Al-
376 Robert Goodpaster, 2307 E. 2nd St., Apt. 22, Blooming-
29 Nelson A. Rieger, 1621 Howard, Colorado Springs,
120 Alfred D. Hoch, 1702 E. Briarvale Ave., Anaheim,
121 Forrest W. Daniel, Box 378, Meriden, Connecticut
159 Albert C. Hulls, Jr., 211 Althea St., Tuskegee Institute,
175 B. R. Buckingham, 385 Third Ave E.N., Kalispell,
187 Warren C. Steele, Box 675, Altus, Oklahoma
199 Joseph D. Bailey, 279 Elm Street, Wequetequock, Paw-
319 Arnold R. Anderson, 2314 Irvin Avenue, N. Minneapo-
lis 11, Minnesota
322 Edward S. Lawrence Jr., 500 W. Clarendon, Phoenix
374 Michael Todascu, 267 St. Catherine St., E. Montreal,
208 R. Harvey Anselm, P.O. Box 4034 SE Station, Wichita
274 Michael M. Byckoff, P. 0. Box 786, Brye, California
110 H. W. Gooding, D. D. S., 1001 West Third Street, Ayden,
134 Jacksonville Coin Club, 444e Herschel Street, Jackson-
ville 10, Florida
343 Edward B. Kirkpatrick, P.O. Box 262, Hanover, Indiana
376 Robert Goodpaster, 2307 East 2nd Street, Apt. 22,
431 Ted Rogers, 3933 Montogomery Road, Norwood 12, Ohio
455 Kermit Wagner, 1303 Colfax Street, Schuyler, Nebraska
3 Glenn B. Smedley, 1127 Washington Boulevard, Oak
118 Casimir X. Urbanski, Jr., Oak Ridge Motel, 626 U.S.
17-92, Fern Park, Florida
183 J. Robert Melanson, 902 Peach, El Campo, Texas
292 Peter G. Robin, 501st Armored Medical Co., APO 26,
New York, New York
294 Clifford Mishler, P.O. Box 194, Iola, Wisconsin
O Obsolete and Broken Bank Notes
O Canadian Obsolete Notes
40 Sutler Notes
Colonial and Continental Notes
of Southern Colonies
• Uncut Sheets
• Or ... What Have You?
B. M. Douglas
402 Twelfth St. N. W. Washington 4, D. C.
Buy or Trade
Colonial, Broken Bank,
State, County, Town
Notes and Bonds
Charles J. Afileck
34 Peyton Street
Large U. S. Currency
$1.00, $2.00, $5.00 & $10 Notes
IN LARGE QUANTITIES. MUST BE
CLEAN, V.G.-F. OR BETTER.
CAN ALSO USE SOME UNC.
We Need Your
Ad In This SpacE
Only A Few Left!
Uncut Sheets of State of Louisiana
Criswell Numbers 4, 6, 8
Two $1.00, $2.00, $3.00 To Each Sheet
We were fortunate to purchase a very small lot which
have been hoarded for years. These few sheets are off-
ered on a first-come, first-served basis to Members of
Paper Money only!
SPECIAL SHEET $40.00OF 6 NOTES ONLY
Hank Bieciuk, Inc.
"America's full-time obsolete currency dealer"
DEAL WITH DONLON
WHEN BUYING OR SELLING
Choice United States Currency
UNCUT SHEETS OF UNITED STATES CURRENCY
never fail to win admiration from collectors and non-
collectors. Many beautiful uncut sheets available in
large and current size notes, including uncut sheets of
1929 NATIONALS, six to sheet; and sheets of twelve and
eighteen current size SILVER CERTIFICATES AND
LEGAL TENDER NOTES.
Please send stamped envelope for complete
price list and description of these attractive showpieces.
TRY TO BEAT THIS GUARANTEE AGAINST DROP IN VALUES!
Any currency purchased from DONLON, may be applied toward the pur-
chase price of any other numismatic item advertised by DONLON in the
future, at FULL PURCHASE PRICE, if in the same condition as when
purchased. For your additional protection, and possible recovery in event of
loss, all serial numbers are recorded in our files.
Want Lists solicited for your requirements in Large and
Current Size U.S. Currency, all issues, all denomina-
William P. Donlon
A.N.A. #4295 P.O. BOX 144
Life Member #101
Charter Member UTICA, NEW YORK
Paper Money Collectors