Paper Money - Vol. V, No. 1 - Whole No. 17 - Winter 1966

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Paper litenq DEVOTED TO THE STUDY OF CURRENCY iewasem pOST TRADE/tit 1 11 LL4 - - y",:eekrit/ Paper currency of our western frontier. See page 15. VOL.5 No 11966 Whole No. 17 OFFICIAL PUBLICATION OF Cociet9 of PapeP Motel Collector,s © 1966 by The Society of Paper Money Collectors ES'ONZRLLIT KNOWLEDGE PROFESSIONk NUMISMATISTS GU ILD lichee's, inc. "Pronto Service" 4514 North 30th Street Phone 402-451-4766 Omaha, Nebraska 68111 LEGAL TENDER RECONSTRUCTED SHEETS The following sheets of four notes have been reassembled in their original form by carefully joining together - cut-sheets - of four notes (with consecutive numbers). Items indicated # are "cut-sheets - but have not been joined together by narrow strips of tape on the reverse. All are Superb Crisp Unc. - just one of a kind. #1862 $1.00. F-17. ABNCo. Chittenden-Spinner. Great Rarity 1862 85.00. F-61. First Obligation. Exceedingly Rare 1862 $10.00. F-93. First Obligation. Equally as Pare #1875 $5.00. F-68. Allison-Wyman 1880 $1.00. F-30. Bruce-Wyman. Large Brown seal 1880 $1.00. F-34. Rosecrans-Nebeker. Small Red seal 1880 $2.00. F-52. Bruce-Wyman. Large Brown seal 1880 $5.00. F-73. Bruce-Wyman. Large Red, plain seal 1880 $5.00. F-74. Rosecrans-Jordan. Similar seal 1880 $5.00. F-80. Tillman-Morgan. Small Red, scalloped seal. Each Note is personally autographed by D. N. Morgan. Very Rare item 495.00 1880 $10.00. F-110. Rosecrans-Nebeker. Similar seal. Sheet of 4 "Jackass" Notes 595.00 1880 $20.00. F-136. Rosecrans-Hyatt. Large Red Spikes. Great Rarity 1 450.00 1880 $20.00. F-140. Rosecrans-Nebeker. Small Red, scalloped seal 650.00 1880 $20.00. F-141. Tillman-Morgan. Similar seal. Plate 8. Each Note is personally autographed by D. N. Morgan. A show piece of Great Rarity 775.00 #1880 $50.00. F-161. Huston-Rosecrans (signatures reversed). Large Brown seal. Exceedingly Rare, very few "cut-sheets" were saved. Worth $3,200.00 1901 810.00. F-121. Elliott-White. "Cut-sheet" of 4 Buffalos. Rare item 1917 $1.00. F-36. Teehee-Burke. Small Red, scalloped seal 1917 $1.00. F-37. Elliott-Burke. Correct signature arrangement. ($100.00) 1917 $1.00. F-37a. Burke-Elliott. Signatures reversed. ($425.00) The above - sold only as a Pair of "cut-sheets" #1917 $1.00. F-39. Speelman-White. Cut-sheet of "star" Notes. Very Rare 1923 81.00. F-40. Speelman-White. Sheet of "star" Notes. Low #4209D-4212D. Splendid showpiece and a "star" Rarity item #1923 $1.00. F-40. Another showpiece, no stars, but Low 1917 $2.00. F-57. Teehee-Burke. Rare "cut-sheet" 1917 52.00. F-58. Elliott-White. Beautiful sheet 1917 $2.00. F-60. Speelman-White. Now Rare item MONTHLY SPECIALS All Crisp Unc. Superb Centering. These "Specials" offered through April only. 750.00 675.00 995.00 475.00 175.00 225.00 275.00 575.00 675.00 2 450.00 385.00 95.00 495.00 150.00 # (under 600) 275.00 225.00 150.00 165.00 150.00 19.95 22.95 RARE "R" fi. "S" NOTES R201 F-1690 Red "R" S201 F-1690 Red "S" Pair $105.00 RARE MIS-MATCHED NOTES 201-19 1957B $1.00 U37/U47 - Beautiful GEM Note 39.50 Plastic Holder, with Title 4.50 COMPLETE SET $1.04) SMALL NOTES Beautiful Complete Set of thirty-eight different Notes (the 1963 $1 Fed. are all Stars). Just the one set 1,375.00 $1.00 HAWAIIAN SPECIAL H201 F2300. Nice centering .... 6.75 Similar, 1 margin a bit close .. 5.75 RARE LOW NUMBERS H201 $1.00. Low # under 300 .. 16.10 Same, Low # under 1,000 12.50 Same, Low # under 2,000 .... 10.50 $1.00 FEDERAL RESERVE SPECIALS Superb Set 1963 Granahan & Dillon (10 sets $145.00) Similar - the last 2 # match (10 sets $150.00) STAR NOTE SETS Nice Set $1 G & D - "Stars" ... Similar - the last 2 # match - scarce so 1963 GRANAHAN-FOWLER SETS Superb set 1963A 14.95 Similar - the last 2 # match 15.95 "Star" Sets soon - please write for price MONTHLY SUPER SPECIAL 15.5 201-5 F-1604 1928-D $1.00 195.00 Similar - 1 margin just a trifle 16.50 close 177.50 JUST OFF THE PRESS Schjoth's "Chinese Currency". Revised, updated reprint 12.50 See our last advertisement for other important Books on Paper Money FLIP UP ALBUMS For Large Notes. 50 Heavy Acetate envelopes. Size, closed 10% x 10 12.50 For Small Notes. 50 Heavy Acetate envelopes. Size closed 10% x 10 9.95 Your Name imprinted in Gold FREE, on above Albums or Books. 100% Satisfaction Always. All Items offered Subject to Prior Sale. TWO GREAT CATALOGUES: 1. Terriffc Offering in Coins and Paper Money. 84 pages. 2. 108-Page Supply Catalogue- Everything in Numis-Accessories and Books on every series and subject (375). All at Bebee's down-to-earth prices and Service that has no equal. BOTH Catalogues-only $1.00. Since 1940, "Headquarters" to thousands. Please give us a try-You'll wonder Why you didn't sooner! Paper litenq VOL. 5 NO. 1 1966 WHOLE NO. 17 PUBLISHED QUARTERLY BY THE SOCIETY OF PAPER MONEY COLLECTORS Editor Barbara R. Mueller, 523 E. Linden Dr.. Jefferson. Wis. Assistant Editor Fred It Marckhoff, 552 Park St., Elgin. Ill. Direct only manuscripts and advertising matter to Editor. Direct all other correspondence about membership affairs, address changes, back numbers and sample copies of Paper Money to the Secretary, J. Roy Pennell, Jr, P. 0. Drawer 858, Anderson, S. C. Membership in the Society of Paper Money Collectors, including a subscription to Paper Money, is available to all interested and responsible collectors upon proper application to the Secretary and payment of a $4 fee. Paper Money is not otherwise available. ADVERTISING RATES One Time Yearly Outside Rear Cover $37.50 $140.00 Inside Front & Rear Cover 35.00 130.00 Full Page 30.00 110.00 Half Page 17.50 60.00 Quarter Page 10.00 35.00 Schedule for Remainder of 1966 Advertising Publication Deadline Date Issue No. IS May 15 June 15 Issue No. 19 Aug. 15 Sept. 15 Issue No. 20 Nov. 15 Dec. 15 CONTENTS Collecting Current Paper Money, by Nathan Goldstein Ii 3 Financial Crisis in Idaho, by G. W. Wait 4 The Morris Canal and Its Currency, by Herbert Eccleston, M.D. 6 Vermont Currency Book Available 11 Did You Know?, by Howard W. Parshall 11 Bank Holiday Scrip of Carrington, North Dakota, by Forrest W. Daniel 12 New York State Private Issues of Fractional Notes, A Supplement, by Arlie R. Slabaugh 14 Paper Currency of Our Western Frontier, by Maurice M. Burgett 15 It's in the Books, by Earl Hughes 16 Corrections to "The National Capitol on United States Currency" 16 The Paper Money Issued at Khabarovsk, Russia in 1918, by M. Byckoff 17 The Society of Paper Money Collectors, Inc. The Trading Post II Library Donations 16 Secretary's Report 22 Cociet9 of Paper #tote9 Collector, OFFICERS President George W. Wait, Box 165, Glen Ridge, N. J. Vice-President William P. Donlon, Box 144, Utica, N. Y. Secretary J. Roy Pennell, Jr., Box 858, Anderson, S. C. Treasurer James L. Grehinger, Box 614, Oak Park, Ill. APPOINTEES-1965-66 Librarian Earl Hughes Attorney Ellis Edlow BOARD OF GOVERNORS — 1965-66 Thomas C. Bain, Dr. Julian Blanchard, William P. Donlon, Ben Douglas, Nathan Gold- ;rein II, George D. Hatie, Morris Loewenstern, Fred R. Marckhoff, J. Roy Pennell, Jr. Glenn B. Smedley, George W. Wait, Melvin 0. Warns E E= = E= == E= Important Notice= _-. E E = Paper Money Is A Copyrighted Publication = E = = No article originally appearing in this publication, or part thereof or condensa- i == tion of same, can be reprinted elsewhere without the express permission of the Editor. = = Although your Officers recognize the publicity value to the Society of occasional re- ==== prints. they cannot allow indiscriminate use of the material from PAPER MONEY in E= -f. other publications even when condoned by the author. Therefore. authors should E contact the Editor for permission to reprint their work elsewhere and to make ar- E .-7.- rangements for copyrighting their work in their own names, if desired. Only in this E 77 way can we maintain the integrity of PAPER MONEY and our contributors. == = == :Th - IltlIHIIIIIIIIIIIIIIIIIIIIIIiiiiiIiiiihiniiiiiiiiiiiiiIiiiiimilmmillifililullimmtmillimIllimilimililliiliiIHIIIIIIIIIIIiIiiiiiiiiiiiilill11111MIIIIIiia THE 1 NIT1:11 ST VITS 01' 111Kip lenterAilL. E COcoc:: ;, 5 WHOLE NO. 17 Paper Money PAGE 3 Collecting Current Paper Money By Nathan Goldstein II Paper money collecting is entering a new phase. The interest in this hobby of "rag pickers" has grown tre- mendously within the past couple of years. For a hobby that is over one hundred years old (the first Demand Notes were issued by the United States Government in 1862), there has been a sudden burst of interest. True, over the years we have had a number of collect- ors, but admittedly they have been few and far between. The amount of material available for the collector was rather limited, and there was little communication be- tween the collectors. Today all is different, and we now have with SPMC a really alive group that makes informa- tion available to members. Also, we have very active commercial magazines and newspapers which cover the field. With the demise of the Silver Certificates, and the issuance of the first of the Federal Reserve Notes in the dollar value, we have a new "breed" of currency to collect. We also have an active series that contains not one note, but 12. So, how to collect these notes and what is in store for the collector? The introduction of the rotary press for currency pro- duction was the first major change in the history of the Bureau of Engraving and Printing. Refinements have been made over the years in the flat presses, but a new and really modern method of production has enabled the Bureau to turn out a quality product rapidly and at a lesser cost. Our first rotary note was the $1 Silver Certificate which appeared in the fall of 1957. This series prompted a re- vival of interest in paper money collecting and also raised quite a controversy both in Congress and across the country. It was felt that the rotary notes were not as "good" as the old flat press notes and that they would be easier to counterfeit. This has not proven to be true; the product has steadily improved both in quality and appearance. The first releases of these rotary press notes disclosed a large number of "star" notes within each brick of notes. The reason for this was that the Bureau was experiencing a large rejection rate, sometimes up to 30 per cent. With the perfection of the rapidly drying inks used on this new press, this rate was substantially re- duced and is now somewhere in the 3 per cent ratio. During a tour of the Bureau, I watched the inspection operation and was impressed by the degree of perfec- tion demanded. I saw notes rejected without any ap- parent reason except for a light line or two in one area. But the Bureau feels that our notes should be as perfect as possible. There are a number of different ways in which these series and changes in series may be collected. It seems that the current trend is towards alphabetical collecting. By this I mean acquiring each change in the alphabetical "suffix" of each series and in the Federals for each district. The following chart shows the run of serials for the Series 1963 Federal Reserve dollars. SERIES 1963 FEDERAL RESERVE NOTES DISTRICT LAST REGULAR LAST STAR I. Boston A 87 68o 000 A A o6 400 00o 2. New York B 19 200 000 C B 15 36o 000 * 3. Philadelphia C 23 6`3o 000 B C 10 880 000 * 4. Cleveland D o8 320 000 B D o8 320 000 * 5. Richmond E 59 520 000 B E 12 1 6o 000 * 6. Atlanta F 21 120 000 C F 19 200 000 * 7. Chicago G 79 360 000 C G 19 840 000 * 8. St. Louis H 99 840 000 A H 09 600 000 * 9. Minneapolis I 44 Boo 000 A I 05 I20 000 * o. Kansas City J 88 96o 000 A J o8 960 000 * Dallas I1. K 85 760 000 A K o8 96o 000 * 12. San Francisco L 99 999 999 B L 72o 000 * PAGE 4 Paper Money WHOLE NO. 17 We will note that five of the districts were confined to the "A" suffix, while four issued all one hundred million of the A's and went into the "B" suffix. Only three districts extended into the "C" suffix. This would make a total of 22 notes needed to show each of the suffixes issued. Then we have the run of notes in the star series, which would add another 12 notes to make a complete showing of all varieties issued. Within this series we also find some oddities and errors in serials. These may be added to the above to show the various possibilities of forming a specialized showing. One of the biggest problems of currency collecting is how to display or mount these notes. I know that many collectors keep their notes in acetate holders, and there are several varieties on the market. There are a few albums available, some with printed pages and pockets for the insertion of the proper note. There are also holders within a binder to easily show both sides of the notes. But the real problem is how to mount and write up a collection of currency. I do not know the answer, and think that articles on this subject would be welcomed by all collectors. The appearance of the new Series 1963A offers a new group of notes to collect and makes another 24 items available, 12 regulars and the same for star series. This series started back at District Prefix (A thru L ) and 00000001 A. This in itself is strange, for it is normal for a series to continue with the next note after the last series. The first time for this change back was with the Series 1957A Silver Certificates in 1961. How- ever, the Series 1957B kept on from the stopping point of the 1957A. Why this series was started back at "I" is not known. A question to ponder is what will be done in the Federal Reserve star notes when the number reaches 100,000,000? As you know these notes start with the District Prefix and end with a "star." It is highly un- likely that a single series would employ this many star notes, but it is one of the unanswered questions of currency. There are many other ways to collect these notes, and each collector can be a judge of what interests him and collect as he wishes. The beauty of currency collecting is that no two people can have identical collections. No two notes will have exactly the same serial number. Serial number collecting has taken a large number of collectors by storm. Unusual runs, identical digits, re- peating numbers, etc.—all make a most interesting show- ing. Low serials or those with a large number of "0's" seem to be of great interest and there is much activity in matching identical numbers between districts or other series. There is truly a great wide-open world of paper money collecting, and very elaborate or just simple collections can be as interesting as anything you have ever attempted to accomplish. The main thing with paper money is not how you collect, but that you collect. So, get into the most fas- cinating hobby of all, and save! Financial Crisis in Idaho By G. W. Wait All of us at one time or other have suffered from financial embarrassment. On occasion, we look over our monthly bills and decide which must be paid and which can be deferred. However, we have become so accus- tomed to government expenditures reckoned in the mil- lions and billions that it is hard for us to conceive of a situation less than a hundred years ago when a Terri- tory of the United States could not pay an official his accrued salary amounting to only a few dollars. The illustrated warrant authorizes the Treasurer of Idaho Territory to pay G. W. Paul, or order, thirty-six dollars for six days compensation as member of the Fifth Session of the Idaho Legislature (1868-1869). The note is signed by D. Cram, Territorial Controller. The reverse bears indorsements by Treasurer E. C. Sterling indicating that when the note was presented on December 14, 1868, it could not be paid for want of funds, but was finally paid on December 19. In those five days there had been an improvement in the Terri- tory's finances—at least to the extent of thirty-six dollars! (SEE ILLUSTRATIONS ON PAGE 5). Paper MoneyWHOLE NO. 17 PAGE 5 e. • e 1, $ I. territorial Warrant. Ihritiwn Is rave, et r. e cr, Procented . : and not paid for want of hinds. 1-1 Redeemed ." I . f.. Principal, s 4P f* las Intcreot, $ g- • le° Total, $ t' s' tee r r TERN TORIAL TglitSUIttt 1 Reverse of the warrant showing the difficulty encountered in making payment sd‘Afx.2 471. triltiti;t1 INT° •cv fioirtc < 'it y I. T., Ertalnatx Df ix Ztritor4, Vat to 101.7; r , 31 1- From Ow ( e _Ft s A 'tripe. / /. /4,4 c f- ( f//!+7Itl tit _ i/ tiwitep. not otherwi.c appropriated. Obverse of the Idaho Territorial Warrant authorizing payment of $36 cle.? MIMI. WD IN POUR WILLEM OEM MUM= TIOULUID D01114114 ( ()ry s_di t 11 :1311-nlvin 0)11C Dollars ) /4iiirauckti; /4, iti.■ G /Pit ws ri ,:t■ - CAPITAL PAW LN FOUR ILILIAW ONE BLAMED THOUSAND DOLLARS. CAPITAL PAID o FOUR NoLuaS ONE UVINDRED THOUSAND DOLLARS. ;c0ILICItaat 0.1 s-JDailii / / 0 .010115 .41110 OtillarS • CENTSA DAY ( .ven r1 ,, (ter A ./..9r-rir011 th -J 4 ;.,,e-o• ji,PAWARTr,,,.lerSe, in CAPITAL PAID IN POUR MILLION ONE KINDRED TROCSAND DOLLARS. CAPITAL PAID IN FOUR SUWON ONE HUNDRED THOUSAND DOLIARIL 5.30DO , THIRTY' *, 5> CEWIAADAY ( 1/;01.i•-i,vrn warroAnor z,s _r r :Lao SktuLLI (L5111; r ri t tree Zrittinsail t), Do liars ) ..CiPerrIf*Y(' h pr: 11,pv _ s „ „ 0 Cs 0 r CAPITAL PAID TN !FOUR MILLION ON 1'11/1111 I, Ira ,/ tx- ttlY7 TINV-AvOtti* trij DEED THOUSAND DO PAGE 6 Paper Money WHOLE NO. 17 The Morris Canal and Its Currency By Herbert Eccleston, M.D. 5ziMaMilinlitik2M114124 Uncut sheet of $1,000, $2,000, and $3,000 notes, \\Ismer Nos. 335, 336, and 337 WHOLE NO. 17 Paper Money PAGE 7 .14 , 74; /7/ rhaldiatell 5.13,..1. 5:3 ■ TEN DOLLARS / , r //;,,z Baukiug House pmemring '.r (t, cern': o r NEw y, oxs: . .oattors. erg:Ice-9;ff! .- CAPITAL PAIDDT POUR MILLION ONE HUNDRED THOUSAND DO $10 note, Wismer No. 332 The idea for the Morris Canal and Banking Company had its beginning in 1820. In that year George P. Mc Culloch, president of the Morris County Agricultural Society, went on a fishing trip to Lake Hopatcong in north central New Jersey. While musing between fish bites, as most fisherman are wont to do, he conceived a canal, using the lake's waters, extending from the Dela- ware River on the west to the Passaic River to the east. This canal would connect the rich coal fields of the Lehigh Valley with the markets of New York and New Jersey. It would also boost the rural economy of north- ern New Jersey, as well as give the farmer needed trans- portation for supplies and products. The canal would also help the dying iron industry in New Jersey, by supplying much needed fuel and cheap transportation for their products. Almost 40 forges and furnaces had - already been closed. Mc Culloch then began an extensive publicity cam- paign to sell his idea of a canal to the state and the people. Articles were published in various newspapers such as the Newton Sussex Register, the Morristown Palladium of Liberty and the Newark Sentinel of Free- dom. All advocated support of the project. A meeting of prominent men was held in the summer of 1822, at which favorable resolutions were passed. A committee was chosen to draft a proposal to the state legislature. As a result, the legislative body of the state appointed a committee consisting of George Mc Culloch, Charles Kenney, and Thomas Cafner to conduct an investigation into the feasibility of a canal, the cost, route, etc. This committee reported to the legislature in November 1823. Although the canal project had the support of the northern counties. it was strongly opposed by the south- ern counties which felt that they would share the ex- pense but reap no income from the proposed artificial waterway. The southern counties were able to muster enough support to defeat the proposal when it came up for a vote, and so that state did not back the canal. Lacking state backing, the Morris Canal and Banking Company received a charter as a private enterprise in 1824. The Canal Company was authorized to issue $1.000.000 in stock. The company was also granted permission to print and issue its own currency to be used for payments to employees and contractors. These notes in circulation were acceptable in payment of tolls. They will be discussed in detail later in the article. The charter also provided for the issuing of another $1,000,- 000 in stock for banking purposes. Construction of the canal actually began in 1825, and as many as 1100 men worked on it. In 1828, three years after ground breaking, 82 of the 97 eastern sec- tions and 43 of the western sections were completed. Lack of funds slowed the work in 1829. In 1831 the canal was opened from its western terminus, Phillipsburg, to the eastern port, Newark, a distance of 98.62 miles. In 1836 an extension to Jersey City was added, giving the canal a more advantageous eastern terminus, readily accessible to New York City. The Morris Canal was novel in that it not only utilized the conventional locks. standard on most canals, but also made use of the inclined plane. The western division from Phillipsburg to Lake Hopatcong consisted of 11 inclined planes and seven locks. The eastern division from Lake Hopatcong to Jersey City consisted of 12 inclined planes and 16 locks. The canal thus had 23 in- clined planes and 23 locks. No wonder it took several days to transverse the 98 miles! The canal always seemed to be fighting financial diffi- culties. The original issue of stock was oversubscribed in 1825. Within two years, corruption of many of its directors almost caused dissolution of the company. The cost of construction had been estimated at $800,000 but at completion it had actually cost $2,104,415. The panic of 1837 intensified its financial difficulties. In 1844 the Morris Canal was sold under foreclosure proceedings to Benjamin Williamson, Asa Whitehead, and J. J. Bryant. The Company was then known as "The Morris Canal and Banking Company of 1844." The canal continued to transport coal and supplies for many years. The decade of 1860 was one of the most prosperous. In 1866, 889,220 tons of freight were trans- ported, the largest tonnage in its history. After the Civil War the competition from the railroads proved too much. and there was a gradual decline in tonnage and revenue. The dawn of the twentieth century saw the demise of the PAGE 8 WHOLE NO. 17Paper Money $1 note, Wismer No. 324 //// // //'//1/ ///////,,>*- $2 note, Wismer No. 326 7/fr1/27-,//////h. //,///„/, ) /* /j//// i /. ,11,//43- ////1///// ////, ilsittl<3 I, r t Ici tt, t") //////,/, trI)Ttl• Petlitrt-, //Jr / rcxxx, /..rev $3 note, Wismer No. 328 r r / wv*OrroneftrtiMigmoiaturvisaucv. moulawt 4E4.0.61.111101•11.16..1.14 v*Osonawar . $5 note,te, Wismer No. 331 / /4 /////1l YINWLIW,1 1 1..trIliti /V/ / /44 //v/// /////// ,/ /// (ti. „ WHOLE NO. 17 Paper Money PAGE 9 Morris Canal. and in 1924 the legislature adopted an act providing for its drainage. When one travels in Northern New Jersey one may yet see a plaque here and there telling of the glories of the old canal. One may even see a gully which marks a small portion of it. Paper money collectors have a more tangible memento of the old canal—its currency. This currency consists of large size bills which are still available. The $1 to $10 denominations measure about 3x7 inches; the $1,000 and higher, 4x8 inches. All were engraved by Rawdon Wright and Hatch or Rawdon, Wright, Hatch and Edson. The values range from $1 to $5,000. A description of some of the bills follows: $1, vignette of State arms, "ONE" on each side. Inclined plane at lower center. Right, train, barrels and bales; "1" below. Left, Minerva seated with Mercury handing her a cornucopia of coins. (Note: Wismer states the inclined plane is the Mauch Chunk Incline Railway, but it could be one of the inclined planes of the canal.) $1, similar to above except it has a large "one" on either side of the State arms which are in the center. 82, vignette of State arms; "Two" on each side black "I I" below. Right, boats in canal above; train, barrels and bales below. Left, Minerva seated with Mercury handing her a cornucopia of coins. $2, similar to above; "2" on each side of State arms in center. $3, vignette of State arms; "3" on small round die on each side. Inclined plane below. Right, boats on canal: "3" below. Left, Minerva seated with Mercury handing her a cornucopia of coins; "THREE" above, "3" below. $3, similar to above; with center "3" on large round die on each side of State arms. $5, vignette of title of bank; "5" on each side. Below, shield and horse's head. Right and left, Roman senator seated holding a tablet. Below, canal scene and "V". $5, vignette of portrait of Cadwalader Golden, "5" each side. Right, Ceres, Mercury and Vulcan, "V" below. Left, inclined plane, "5" above and below. (Note: Golden was president of Morris Canal at one time.) 85. similar to above but instead of plain reverse has large "5 - on die with fancy dies on either side, all in red color. Not listed in Wismer. This note is slightly different from the 85 notes of 1841. $10, vignette of Minerva seated with Mercury handing her a cornucopia of coins. "10" on dies on each side. Right, "10" in center. Left, "TEN" across. $10, vignette of Ceres, Mercury and Vulcan; "10" on each side. Right, inclined plane, "X" above and "10" below. Left, portrait of Colden, "X" above and "10" below. (Note: The $10 note insured that everyone knew that Jersey City was opposite the City of New York.) • er 01.8r0S 4•* ri,r. ji.08` 4 ( / / S5 note, slightly different from previous $5 note and not in Wismer Reverse of $5 unlisted note with red color PAGE 1 0 Paper Money WHOLE NO. 17 $5 note of -Union Bank of Dover, N. J., which was located on the canal. Note the "Scotch turbine" on the right end of the note. Enlargement is shown below. Enlargement of Scotch turbine as used on Canal $1,000, vignette of Minerva seated with Mercury handing her a cornucopia of coins; griffin on money chest on left. Inclined plane lower center. Right and left, "1000" above, "M" below. $1,000, vignette of title of bank. Inclined plane at lower center. Right, "POST NOTE;" left, Minerva seated with Mercury handing her a cornucopia of coins and griffin on money chest 11000" below. $2,000, vignette of Minerva seated with Mercury handing her a cornucopia of coins. Griffin on money chest on the left. Inclined plane lower center. Right and left, "2000" above and "M M" below. 83,000, vignette of Minerva seated with Mercury handing her cornucopia of coins; griffin on money chest on left. Inclined plane at lower center. Right and left, "M M M" on large die. 13000" above and below. An uncut sheet of the $1,000, $2,000, and $3,000 notes is illustrated. There is also included a $5 note of the Union Bank of Dover, N. J. Dover was located on the canal and one of the notes of the bank shows an excellent picture of the inclined plane with its "Scotch type Turbine." It is pictured on the right side of the note. An enlargement is also shown. REFERENCES Old Canals of New Jersey, by Richard F. Veit "The Morris Canal", by Wheaton J. Lane, Proceedings of the New Jersey Historical Society 1937 Int. Improvements of New Jersey: Planning the Morris Canal, by H. Jerome Cranmer "An Aerial Survey of the Remains of the Morris Canal", Proceedings N. J. Historical Society, 1963 "The Morris", by Cornelius C. Vermeule, Newcomer Society Transactions 1936 Did You Know? There are five Certificates: SEAL Blue Blue Blue Brown Yellow TYPE Normal R (regular paper) S (special paper) Hawaii Europe, North Africa By Howard W. Parshall varieties of the 1935-A one dollar Silver WHOLE NO. 1 7 Paper Money PAGE 11 "The Morris and its Abandonment", Military Engineers, March 1930 Encyclopedia Britannica History of Essex and Hudson Counties, compiled by W. Shaw, 1884 "State Bank Notes of New York & New Jersey", by D. C. Wismer, 1928 (The author is indebted to Mr. Herman Ferber of Hacken- sack for the excellent photographs of the notes.) Vermont Currency Book Available Terrence G. Harper has made available a limited (300 copies) edition reprint of his Historical Account of Ver- mont Paper Currency and Banks which appeared in Numismatic Scrapbook Magazine. Soft covers. 48pp. Illus. $2.00. Order from the author at 1352 Loko Drive, Wahiawa, Hawaii 96786. EARL HUGHES, Librarian * The Trading Post * The members listed below are interested in trading notes. Please contact them directly if you are interested in trading. The fee is $2.00 per listing for two issues. Please note new categories. All future insertions should be sent directly to the Editor. 1. U. S. LARGE NOTES 2. U. S. LARGE NATIONAL BANK NOTES Loell Loper 1051/2 E. Jefferson St. Bloomfield, Iowa 52537 3. U. S. SMALL NOTES Hubert A. Raquet 4010 Essex Court Indianapolis, Ind. 26226 4. U. S. SMALL FEDERAL RESERVE NOTES Jack Adelmann P. 0. Box 2211 Cleveland, Ohio 44109 Michael Dorish 308 Grove St. McKees Rocks, Pa. Martin Vink 12419 S. Perry Chicago, 111. 60628 Grant H. Woldum c/o Federal Reserve Exchange 116 River St. Decorah, Iowa 52101 5. FOREIGN CURRENCY Dr. Walter M. Loeb 4568 E. Mercer Way Mercer Island, Wash. 6. OBSOLETE PAPER MONEY (Colonials, Continental, Confederate, Broken Bank Notes, Scrip, etc.) C. J. Affleck 34 Peyton St. Winchester, Va. David Cox, Jr. Hartford, N. C. Claude W. Rankin 110 Anderson St. Fayetteville, N. C. 7. MILITARY CURRENCY (War, Occupation, Concentration Camp and Emergency Issues) 8. FRACTIONAL CURRENCY 9. MISMATCHED SERIAL NO. NOTES PAGE 12 Paper Money WHOLE NO. 17 Bank Holiday Scrip of Carrington, North Dakota By Forrest W. Daniel Five thousand dollars' worth of "Carrington Scrip" was printed for circulation in Carrington, North Dakota, during the week of March 6, 1933. The scrip provided a medium of exchange while bank checking accounts were tied up during the national bank holiday declared by President Franklin D. Roosevelt. The bank holiday had been expected. Rumors had started on inauguration day, Saturday, March 4th, and preparations for the shortage of currency were being instituted in many areas even before the official declara- tion was made on Sunday evening, March 5th. Business. man J. N. Kunkel of Carrington learned of the impend- ing currency tie-up while visiting the state bank examiner in Bismarck. They discussed the use of scrip in other areas of the country where state bank holidays had been in effect before the national declaration. Kunkel learned how the plan worked just in case it was needed. Following the official declaration of the bank holiday, an emergency meeting of Carrington businessmen was called for early Monday morning. The group went over details of the plan. An association was to be formed to guarantee payment of the scrip. Merchants were to buy the scrip from the association by writing checks against their dormant checking accounts, then issuing it into circulation. As soon as the bank holiday ended, the businessmen's checks would be cleared and the scrip redeemed in cash. The plan also provided for other contingencies. In case the banks were opened on a limited withdrawal basis, scrip redemptions would be slowed; but they would be made as fast as the money became available. The redemption date of the scrip was set at June 1, 1933. Should the bank holiday be extended beyond that date, or released cash be not sufficient for payment by that time, the plan provided for a second issue of scrip to replace the old issue until all the scrip was redeemed in cash. There was much talk at the time of an issue of national scrip. and if it had materialized the Carrington scrip would have been paid off in United States scrip. By 10:30 A.M. the scrip plan had been outlined. It was presented to most of the merchants and approved by 11 o'clock; copy for the scrip went to the printer at noon. A city-wide businessmen's meeting was called for 4 P.M., 75 businessmen attended, and the scrip won their unanimous endorsement and approval. The issuing authority for the scrip was The Carrington Scrip Association. J. N. Kunkel, president; A. J. Smith, secretary; and Guy Cook, treasurer. Cook was an officer of the local bank which handled the entire issue for the association. Carrington Scrip was worth its full face value. There were no deductions when it was turned into cash. Local residents were assured the scrip was issued against money in completely dependable banks. The Foster County State Bank indicated that it was in the best condi- tion in five years and that its cash resources had been increased by $15,000 in the previous weeks by the new government barnyard loans. Five thousand dollars * in $5, $1, and 50 cent bills were printed in the local print shop on Monday and were released by the Scrip Association on Tuesday morning. By noon Tuesday merchants had already bought nearly half that amount. Through issuance of the scrip, business at Carrington remained close to normal. Checks were taken by all the stores and other business houses, but the scrip allowed them to turn into money the larger salary checks they could not accept before. The merchants found no diffi- culty in using the scrip and no refusals to accept it. In fact, people seemed anxious to own some of the scrip. A total of $2,122.50 in scrip was sold to merchants the week of March 7th by the Carrington Scrip Association. All credit open in normal times was still offered, and checks were taken in payment of accounts. The electric and telephone companies accepted checks in amounts of their accounts. The two railroad offices in Carrington took checks from their regular customers for freight and other charges but were not accepting strange checks. The grain elevators had been notified on Saturday not to buy, contract for, or ship any grain. or make any advances on grain during the period of the national bank holiday because the stock and commodity markets would be closed. Checks and Carrington Scrip were issued for all live- stock brought to the Carrington market. The livestock markets all were open with an increase in price en- couraging shipping. Carrington people were eager to buy their first scrip money and put away many pieces as souvenirs. Travel- ers kept many of the 50 cent bills to show friends. The word got around and on Tuesday afternoon a representa- tive from Cando. North Dakota. picked up some of the scrip to be copied there. The Carrington plan was identi- cal to the proposed national scrip plan which had been circulated in the press, so it received wide acceptance. A number of local men found the change shortage an opportunity to get rid of a number of pool hall chips. One merchant paid off an 85 cent dray bill with 50 cents in scrip, 30 cents in pool hall chips, and a nickel in cash. "Hey, I can't take that," the drayman objected. "I want money." "Well, you're going to take it," the other grinned, "that's what we're using now for money." With the Carrington Scrip plan in operation, residents read of difficulties in other parts of the country. Lack of cash slowed business to less than half its normal volume. People without cash could make no purchases Paper Money PAGE 13WHOLE NO. 17 if they were unknown to the merchant. Those with cash would only spend for necessities, and premiums were offered for coins for circulation. The bank holiday was extended to March 15th from its original four-day period. Banks in cities with Federal Reserve Banks opened Monday. March 12th; banks in cities with clearing houses opened Tuesday; and banks in other cities opened on Wednesday. With- drawals were limited to five per cent of deposits until the banks were cleared for unrestricted operation by the auditors. The proposed national scrip plan never materialized. On Tuesday, March 7th, Treasury Secretary William H. Woodin announced it would not be necessary. Federal Reserve Banks would be permitted to issue currency with commercial paper as collateral. This proposal was sent to Congress and the act was approved on March 9th. To speed production of the new currency the engraved plates for National Currency Series 1929 were used. to $192, and Tuesday's, $55, a total of $1,758.50. This left $364 still to be redeemed. Some shrinkage was expected because a number of pieces had been put away by residents and strangers. More of the scrip was turned in before the June 1st deadline, but no further report was found in the local newspaper after March 23rd. As recalled by the president of the association, the amount unredeemed was small—in the neighborhood of $20—and cash representing that amount was turned over to a local charitable organization. The Carrington Scrip was printed by the job printing department of the Foster County Independent and was entirely type-set. All denominations were printed with blue ink on yellow safety paper, the size 2 3/4 by 61/,t inches. The story has been told that, in spite of the care taken to account for all the scrip and paper, there was one note short in each denomination when the scrip A% as delivered. A frantic check was made at the print shop, ÷•÷4.--.4+++++++.1.44÷÷÷÷÷++.:-1.÷÷ ÷÷÷+÷ ÷÷÷÷÷+++÷÷+++++++++.: • • 4 4 4 4 4. 4. 4. A ♦ 4, 4 ♦41+.*.**:•:•• #:## • ,* #,. tt .1-÷+÷÷+÷÷÷÷÷4.:•+,:. ♦ ♦ ♦ 4 • * a 4• ` i * : 4. t 4. 4 ÷ ,con 4,, possible and not late! than This ceriificiii , isuareri t` Jane 1. 1533. Void after Ch.=' , i'ite. Carrington &rip A, , ,,,„ Man) Rth. 19:33 GUY G90rz, . ' Z. :^0 President Any Merchant in Carrington Will Honor This The Carrington Scrip Assn Certificate in Tradereticent this certificate in cash as 03 CARRINGTON SCRIP .::.4,♦ 4. 4 ONE DOLLAR 4 -1,.4.4,0. .44., t • 4,,,, ,- + t t • t t t V ' ' t ' V V V V V V V ..-t• V '4. V .7.+++÷÷1-1.++++++++++++++++++++++++44++++++++++÷÷÷-÷÷+÷ :-:-1.4-1-1-1-1-1.+÷÷+÷÷÷ :.÷.÷÷,÷ IND. rut.. CO CARRINGTON • , Carrington Scrip. The 50c and $5 notes were identical except for the deno • ation. (Photo courtesy Mayo Meadows) Letterpress printing added the name of the Federal Re- serve Bank and its district letter; the phrase "or by like deposit of other securities" was added to the security obligation. The signatures of bank officials with their titles were also added. Conflicting titles from the origi- nal engraved plates were blocked out. Printing of the Federal Reserve Bank Notes began as soon as the act was signed. The presses ran day and night; the first shipments of the new currency were made on Saturday, March 11th. When the banks began to open on Monday, March 13th, no gold or gold certifi- cates were paid out. Federal Reserve Bank Notes and National Bank Notes were used. Although the Foster County State Bank was not opened for unrestricted business until March 20th, redemption of Carrington Scrip began on Thursday. March 16th, at the end of the formal bank holiday. Of the $2.122.50 worth of scrip in use. $748.50 was redeemed March 16th, the first day the scrip was called in. Another $427.50 came in Friday. and an additional $335.50 on Saturday. Monday's redemptions amounted and the missing notes were found. One of the printers had put an example of each in the job order envelope. With the stories of the Carrington Scrip the Foster County Independent also carried this story on March 9, 1933: "In the middle of the worst depression the country has ever seen, Carrington has something new to offer in the way of 'Success' stories. Finishing a $5,000 run of Carrington's scrip money on a job press at the Inde- pendent office Monday, Alvin Shenkel, printer, wiped the sweat off his face. 'Well.' he said, 'that's the most money I ever made in one day!' " * NOTE: The amount given in the news reports was $5,000 but evidence from unsigned notes indicates $15,250 as a more likely amount. The possibility that $9,000 may have been printed, if the numbering did not begin with No. 1 for each denomination but ran consecutively through the issue, is not considered likely. SOURCES: Foster County Independent, Carrington, North Dakota. Personal interviews and correspondence. PAGE 14 Paper Money WHOLE NO. 17 New York State Private Issues of Fractional Notes A Supplement By Arlie R. Slabaugh In the Summer, 1963 issue of PAPER MONEY, there appeared a listing of "New York State Private Issues of Fractional Notes" by Jasper L. Robertson, M.D. Be- cause of the similarity in style and arrangement, it ap- pears that this listing was copied from one which origin- ally appeared in The Coin Collector's Journal, 1937-38, published by Wayte Raymond. There were, however, a number of additions made by Dr. Robertson and to these I would like to add a few more. inasmuch as the bulk of these issues are of the Civil War period, a field in which I have long held a great deal of interest. My additions follow, listed in the same style as the original: ALDER CREEK STATION Utica & Black River Rail Road Sept. 25, 1862. 5c, 10c, 25c With or without surcharge "Payable at the Bank of Utica" BALDWINSVILLE James Frazee & Co. Nov. 1, 1862. Add 50c CHICHESTER, N. Y. Lemuel A. Chichester 1880's (written), 3c, 5c CONGRESS SPRINGS Clark & White Oct. 18, 1862. 10c, 25c, 50c Nov. 1, 1862. 3c, 5c, black or green GLEN COVE R. M. Bowne 10c and 25c listed as unsigned and undated. I have the 25c numbered #108, dated Nov. 3, 1862. GREENWICH J. S. Berry. Not in the original Coin Collector's Journal listing but added by Dr. Robertson. This is not a New York note. It is Connecticut. HANCOCK, N. Y. F. M. Wheeler Oct. 28, 1862. Add 15c denomination. LYONS Unsigned note on Lyon's Bank Nov. 1, 1862. 10c M. S. & H. J. Leach MEDINA Alconn & Gilbert On B. Fairman, Banker Nov. 10, 1862, unsigned. Add 25c MONTROSE Baldwin & Allen Jan. 1, 1863. Dr. Robertson's list says 3c; the Coin Collector's Journal list says 5c. An error, or both? NATIONAL ICE CO. (1880's). 10c, 25c, 50c (also higher) NEWBURGH R. A. Smith Oct. 1. 1837. 50c on foreign note for 4 Reales (unused), printed by P. Maverick. NEW YORK CITY Berry's Restaurant 1862. Add 25c. OLEAN C. V. Barse On Stowell, Chamberlain & Co., Bankers Nov. 1, 1862, 10c, 25c. 50c. There are overprint varieties. PAINTED POST 1853. 50c (full size note) on stock form, signed, but name marked out. PEEKSKILL J. Hinason ( ?) Aug. 11, 1864. lc, written name and date. Octagonal yellow card. ROCHESTER George T. Gilbert May 1, 1844. 61/4c SING SING F. C. Burrhus Undated. 2c, green card; 3c, yellow card. (Civil War period.) UTICA F. W. Hurlburt Undated. Dr. Robertson lists 10c, the Coin Collector's Journal lists 3c. An error, or were both issued? WILLIAMSBURGH Rudolph Wenzlik 25c YATESVILLE W. H. Downing Nov. 6, 1862. Add 50c. WHOLE NO. 17 Paper Money PAGE 15 Paper Currency of Our Western Frontier By Maurice M. Burgett Obverse and reverse of the MacQueen and Young scrip Most numismatists are aware of the fact that, up to and including the Civil War period, a merchant known as a sutler supplied the American soldier in camp and on the march with the numerous staples and small luxur- ies which he desired to purchase. However, in the year 1866, the sutlerships, which were official appointments for these entrepreneurs to operate on Army reservations, were abolished by the War Department. Apparently the government believed that, since the Civil War had come to an end and many elements of the army had been disbanded, there was no longer any need for the services and goods formerly provided by these merchants. How- ever, the soldiers who manned the chain of isolated, lonely outposts which dotted the western frontier also desired certain necessities and luxuries. Theirs was a hard and lonely existence—a ceaseless routine of indif- ferent rations and wagon trains of emigrants demanding protection from hostile Indians. Therefore, in 1876, the government established "post trader" appointments. The role of the post trader was almost identical to that of the army sutler, his prede- cessor. He sold goods, extended credit, and, in fact, performed all the functions of the frontier storekeeper of the era. In order to encourage contact with friendly Indians and to promote their growing dependency upon the conveniences and luxuries provided by the white man, the War Department licensed most of the post traders to sell their wares to the Indians as well as to the troopers at the posts and the hordes of settlers and emigrants passing nearby on their way westward. A number of the post traders issued metal tokens for their customers to use, since small change or, for that matter, any sort of currency was very scarce on the frontier. The Indians liked "hard money," and it is probable that they used the metal tokens to a degree when trading at the posts. However, one instance of the use of paper scrip by a firm of post traders has been discovered by the writer, and, while other traders may also have utilized this medium of exchange, no such usage is known at present. itida.0701,0 r; ro; /, SAN 111ANCIJACO. , PACE 16 Paper Money WHOLE NO. 17 At Fort Keogh, which was established on June 22, 1876. on the south side of the Yellowstone River a few miles above Miles City, in Montana Territory, the first civilian trader was one William O'Toole. So far as is known at present, O'Toole issued neither metal tokens nor paper scrip during his tenure of office which ended in June, 1882. The vacancy was then filled by the firm of MacQueen and Young, licensed post traders who also operated the Inter-Ocean Hotel in nearby Miles City. Mr. MacQueen. the senior partner, came to Montana in 1880 to represent the interests of Gibbs and Turner, of St. Louis, in the firm of Wm. D. O'Toole at the fort. The only known piece of currency issued, or prepared for issue, by the partners is a very handsome small note pre- pared by the Western Bank Note & Engraving Co. of Chicago, Ill., 4 7/16 x 2 5/16 inches in size, of the 25c denomination. It bears on the obverse a vignette of a farm boy and his dog. The ornately designed reverse Library Donations Richard T. Hoober H-4—Weissbuch, Ted N. and Hoober, Richard T., U. S. Colonial and Continental Currency. Estimated Values. Illus. 1965. 56 pp. (15c) Alfredo P. Marcon M-3—Marcon, Alfredo P., La Cartamoneta Nello Stato Pontificio. Illus. 99 pp. 1965. (30c) Peter Huntoon donated one dollar in cash and George Wait furnished the two missing copies of PAPER MONEY to complete the files. EARL HUGHES, Librarian R. 2, Mitchell, Ind. 47446 It's in the Books By Earl Hughes QUESTION: How many banks did the 1818 Kentucky legislature charter? How much paper were they auth- orized to issue? ANSWER: ". . . The legislature solved the currency problem by authorizing forty-six institutions to issue is in green. The specimen owned by the writer is neither signed nor dated, but the first three numerals of the date appear (188-1, proving the note to have been prepared prior to statehood, which occurred in 1889. Other de- nominations of these scrip notes may also have been prepared, and the writer will be glad to hear from any collectors who own or know of the existence of any such. Obsolete currency of Montana Territory is seldom en- countered, as the area was sparsely settled in the early days. Commerce, therefore, was meager and, as a natural result, very little emergency currency was apparently issued. Rarely seen by the collector of today, such mementoes of our hardy pioneer forefathers possess keen interest and inherent charm, and their historical import- ance cannot be questioned by anyone even slightly in- terested in our early Western history. $26,000,000 in paper money, an amount which equaled one third of the state's property evaluation in 1815."— Thomas D. Clark, A History of Kentucky. Corrections to "The National Capitol on United States Currency" This excellent article, by Howard W. Parshall, ap- peared in PAPER MONEY, Vol. 4, No. 4, but was marred somewhat by slight errors and omissions. Please make the following revisions in your copy: 1. In paragraph five, page 114, change "5th" to "$5" Silver Certificate. 2. Add to paragraph eight, page 114: "On the $100 National Bank Notes, Series 1902, all issues, a very dis- tant view of the Capitol may be seen from a right angle from across the Potomac. It appears in the lower right corner on the back of the note." 3. In the table at the close of the section on large size notes, page 114, change the entry for National Bank Notes $5 denomination to "1882-2nd and 3rd issues." Add the following entry: "National Bank Notes $20- 1902 all issues." WANTED OBSOLETE PAPER MONEY (Bank Notes, Script, Warrants, Drafts) of the AMERICAN WEST Oregon, California, Idaho, Nevada, Arizona, Utah, Mon- tana, New Mexico, Colorado; Dakota, Deseret, Indian, Jefferson Territories! Cash paid, or fine Obsolete Paper traded. Have Proof notes from most states, individual rarities, seldom seen denominationals, Kirtlands, topicals; Colonial, Continental; CSA, Southern States notes and bonds. Also have dupl icate Western rarities for advantageous trade. JOHN J. FORD, JR. 176 HENDRICKSON AVE., ROCKVILLE CENTRE, N. Y. WHOLE NO. 1 7 Paper Money PACE 17 The Paper Money Issued at Khabarovsk, Russia in 1918 By M. Byckoff The paper money of the Russian Revolutionary period is mysterious and obscure to the American collector, especially when it originated in the Far Eastern areas of the huge nation. This article deals with one issue from the area around Khabarovsk, north of the better known Siberian city of Vladivostok and on the Trans-Siberian Railway. It is reprinted from The Journal of the Rossica Society of Russian Philately, No. 68, by courtesy of Dr. Gregory B. Salisbury, Editor. The author, Mr. Byckoff, is a member of both the Rossica Society and the Society of Paper Money Collectors. According to Mr. Byckoff, Russia's Far East territories lie east of the Baikal Lake and north of Mongolia and Manchuria. For administrative purposes they are divided into provinces or "oblasts"—the Transbaikal Oblast between the Baikal Lake and Manchuria, the Amur Oblast to the north of the Amur River, and the Maritime Oblast east of Manchuria and the Ussuri River and the shores of the Sea of Japan and Tatar Straits. To the north of these provinces the vast territory of the Yakutsk Oblast reaches the North Arctic Ocean; east of Yakutsk Oblast and north of the Sea of Okhotsk is Kamchatka Oblast. After the February 1917 revolution, the Provisional Government of Premier Minister Prince Lwov dismissed all General Governors and Governors appointed by the Imperial Government and appointed new "Commissars of the Provisional Government." In most cases they were members of "The Union of Cities and Zemstvo," an organization formed at the beginning of World War I to assist the Imperial Government in the production of military supplies. In the Maritime Oblast in 1917, the General Governor was a civilian, Mr. Gondatti, who had the rank of the Camerger of the Imperial Court. Despite his affiliation with the Court he was a liberal in the best sense of the word and possessed administrative ability. After dismissal by Prince Lwov, A. N. Rusanoff was ap- pointed to the positions. Rusanoff was at this time the Director of the Gymnasium (Realist) for boys at Khabarovsk. He served uneventfully until the October revolution. Repercussions of October reached Khabarovsk only at the end of November. Rusanoff, to cope with the situation, summoned representatives of cities and Zemstvo organizations of the Maritime Oblast for conferences at Khabarovsk on Dec. 11, 1917. The conference established a sort of collective administration in the Oblast and organized a representative body called "Zemstvo Bureau" to which Rusanoff transferred his duties and functions. In January 1918, the Zemstvo Bureau moved to the city of Blagoveshschensk. In February, local Bolsheviks, following the example of their comrades in Petrograd. organized Soviets of Soldiers, Workers and Peasants Deputates and ordered local Zemstvo and cities administrative centers to close and transfer their functions and duties to ISPOLKOM of Soviets (ISPOL-KOM,Ispolnitelnyi=executive; KOM=Komitet,committee). Meanwhile, in Khabarovsk itself, Oblast Ispolkom was organized; all mem- bers were active members of the Bolshevik Party. To head this organization the Petrograd Council of People's Commissars appointed an old Bolshevik comrade Tabelson, who assumed the name "Krasnoshschekoff" (Redcheeked). Newly arrived from the U. S. A., he called this organization "Far-Eastern Soviet of People's Commissars." However, this name was a name only. From the begin- ning to the end in September 1918, in Amur Oblast in Sakhalin as well as in Transbaikal Oblast local Oblast Soviets at the same time were functioning and were issuing their own paper money without sanction or consent of the Far Eastern Soviet of People's Commissars in Khabarovsk. INNER M LIA ---; t, Jeho .3 nchb• 0 l Chi \ItIPING Hulutao Antung Tale GULF OF 17).3/4 Port Arthur II , N c,v, TRANsitaii toli 0 b I a it" r„,„,s!s,„,„' (-0. Vi nt C ) ••• '''' • '. •41, .:".""*":i 4 ,....;77-. • ;,4'3,,, e...,...4.04. ,,,,.- ' 4-• 1 • -"S ,,, 1 rp•T 0 < • . . 04:I A ,...Anganchi ,_, ,e 04(-,, 61) • 6 %., ..• ON cf, ,7* ..\i ''. :•;:,1 ..4.4.7..,ei, -,,. , /,?c, . . . A ,...t. e ! .11e/ta -.....7 , ...r ,..-44.....—chuli • 0'1... '"'IL-, ;.-e, '.i" Blagovest honkAigir • \ V -Is. •-••• I '1A4::.R1-';'Gye- 4 ..c.,, .., ' .",Kcs6Anclier k2+ . .'.13:4). rvt.I '' ..4. 1 4 ‘ ).... /.'•'.I . ...•.. ./ ''‘.1 --- S. '. . / N d'iTi. U R I Aa, Hulan .r 4' 1•.‘ 0 HARBIN ?'' ,• ..•\,•sr" ..`t . . 5:4:1YIr •Chita • ... e c... \ - "... : ChangchunA,• • Paiyintala ' ----- ,o,. ---- ', hengc ------ ....... Taonan -.3"1 Mahar .4 (•■''''-`77 , ( H E I LI'M N7,ctsrs, 1„‹ ♦ ♦ ♦ 11- -a• Khabarovsk t, • • (4... 121 graolchnaya / •• SIBERLL and MANClitalit. and adjacent parts of China.Korea and Japark SCALE OF MILES 0 50 100 200 300 cz.• A Ell/obi, O L Fit FisinT in cc ume n Shanhatkwan s! ANTUNG alnr•I • •••• tLAVISTO K Hakodate ° Sapporo • Gensan Seishin S E A T A P 0 F Sendai° Aomori KIRtU Pk *sq Itinhuã. o ailun.qt?etniqing MI F`ushun lAc,,y Paper MoneyPAGE 1 8 WHOLE NO. 1 '7 Because of its remoteness from the Central Authorities in the capital and transportation difficulties, the supply of paper money in the Khabarovsk region was completely cut off at the beginning of 1918. The shortage of cur- rency was intensified by the fact that, upon instructions from the Central Government, the Council of National Commissars in the Far East was obligated to take out of circulation the whole range of Government Securities and bonds including the coupons attached thereto, which had all served in place of paper money, since they had now been demonetized by the Central Soviet Government. In an effort to get out of this difficult situation, the Council decided to place its own paper money in circula- tion. These bills, with values of 10, 25 and 50 rubles, were prepared from the designs of a local artist or artists, printed locally and went into use in February, 1918. All three values of this issue have one and the same design. On the face of the bill a hemisphere is shown, featuring the western basin of the Pacific Ocean and the countries bordering it. The hemisphere rests on a bank of clouds, and a folded band issuing from it on both sides encloses the word "FAR" at left and "EAST" at right (see Fig. 1). The figures of value are given in each corner. Above the hemisphere there is an inscription at top reading "Far Eastern Council of s• 0 • / -.C•of ••'' - AN 1 1 ' 0 \ . • National Commissars" in script capitals, and under this, the face value of the bill is spelled out in words: "TEN RUBLES" or "TWENTY FIVE ROUBLES." However, this last designation in words is missing on the 50 ruble bill. At bottom left there is the word "Predsedatel" followed by the signature of Krasnoshchekov (Chairman of the Council of National Commissars in the Far East) and at bottom right the abbreviation "Korn. - Fin." and signature of T. Kalmanovich (Commissar of Finances). At bottom center below these two designations, there is the term "Upr. Gos. Banka," signed "Fugalevich" (Fugale- vich, Director of the Khabarovsk Branch of the State Bank). These notes were nicknamed "Krasnoshche- kovki," because of his signature as Chairman on the bills. The designs and colors of the background on the face of the bills vary for each value: on the 10 ruble note, it is in bright violet; on the 25 rubles in rose, and on the 50 rubles in orange-yellow. The rectangular border on the face is the same for all values and consists of a narrow panel depicting a garland of laurel leaves, en- twined in some places with a ribbon. The central design, signatures, text and border are all in black. On the reverse of the bills and towards bottom center, there is a representation of a rising sun with rays reaching out into the sky; the sun is almost hidden by an oval with WHOLE NO. 1 7 Paper Money PAGE 1 an ornamental frame enclosing a shield with the figures of value of the bill (see Fig. 2). Below this frame there is the year date "1918." To the right of the rising sun, there is a view of the countryside, with a sloping hill. windmill. dates, gardens and cultivated fields. The figure of a peasant in a Russian shirt with rolled-up sleeves, bareheaded and in bast shoes fills out the right half of the bill. With his left hand he supports a scythe on his shoulder. At the feet of the reaper there is a steam locomotive emitting a cloud of smoke. On the left side of the bill there is a workman in the same size as the peasant, again with sleeves rolled-up and bareheaded. hammer in hand and in working pants and shod in leather half shoes. At his feet there is an ocean-going liner, ploughing up waves through an unruly sea and further back the crystalline surface of a river with a little steamer peacefully sailing thereon. The shore is covered with trees and beyond them, up on the high hills, there are some factories with tall chimneys belching some clouds of smoke. In the center of the bill above the sun. there is wavy band with the initials R.F.S.R. (Rus- sian Federated Soviet Republic) in the center. Of the 50 ruble note, the face value is given above the band in script capitals, and at top on all values there is a line of text reading "Obligatory for circulation within the bounds of the Far East." This line is flanked by the figures of value placed at an angle. A warning about prosecution in accordance with the law for forging cur- rency bills is placed on the face of the notes under the signature of the Director, Fugalevich. A total of 535,299 bills in the amount of 11,369,575 rubles was issued during the existence of the Council of National Commissars in the Far East. It is believed on good authority that when Khabarovsk was captured by the forces of anti-Bolshevik organizations, the new authorities turned for help to Omsk, as they had no currency bills of their own whatsoever. At around the same time as the fall of Khabarovsk, the city of Blagove- shchensk was also taken by the Whites on September 14, 1918. The latter also lacked a currency medium and apparently asked Omsk for a supply of bills. At Omsk. the Siberian Provisional Government had at its disposal modest stocks of the Romanov and Duma issues and was also at that time in the process of preparing its own "Siberian Notes" for circulation. However, it could no( immediately satisfy these requests for cash, and it was therefore decided to place substitutes on the market. On September 23, this Government issued a regulation con- cerning the circulation, on a par with paper money, of the short term securities paying 5 percent, the 4 percent Government Treasury series, bonds of the Freedom Loan including the 100-ruble detachable coupons supplied there- with, as well as coupons from all Government stocks due for redemption up to October 1, 1918. (See "Collec- tion of Regulations and Orders of the Siberian Provi- sional Government," October 12, 1918, No. 14, Section No. 1.). The supply of these securities at the branches of the State Bank in the cities of Khabarovsk. Vladivo- stok, Blagoveshchensk, Nikolaevsk-on-Amur and Petro- pavlovsk did not amount to much more than "two mil- lion rubles" and therefore could relieve the local shortage of currency for a short time only. At this time of the year, the fishing season ends both on the Amur. as well as along the shores of the Sea of Okhotsk and the fishing canners had to have quite large stocks of cash on hand to pay off the seasonal workers who had come into the area to process the catch. These workers included many from remote places in the Far East and even from Western and Eastern Siberia. The same situation was also applicable to the steamship flotilla on the Amur River, as the navigation season had drawn to a close and the steamer crews had to be paid off in cash. Local private banks also began to ask for cash from the branches of the State Bank. since they (i.e. the former) in turn were being pressed by their depositors and regular clients who had accounts and needed cash to pay for the delivery of gold from the local mines as well as for provisions and supplies deliv- ered during the navigable season to the mines and logging camps. The result of all these demands was that Omsk was swamped with requests by local branches of the State Bank for supplies of currency and this apparently was both incessant and exasperating. The authorities at Omsk understood the situation, but, not finding another way out, they issued a regulation on October 17, 1918, which permitted the temporary circulation of paper money issued by the Soviet authorities in the cities of Khabarovsk. Blagoveshchensk and Chita upon condition that they be stamped as valid up to December 1. 1918. after which they would be exchanged for bills of the Siberian Provisional Government. The validity of hills so treated was to be restricted to the area in which they were originally issued (See the "Journal of Finances. Industry and Trade," Omsk. 1919. No. 7.1. Upon receiving these instructions, the Khabarovsk branch of the State Bank immediately proceeded to validate the "Krasnoshchekov" bills issued by the Far Eastern Council of National Commissars in the values of 10, 25 and 50 rubles. With this purpose in mind, a rub- ber stamp measuring 76x37mm. with a double-lined rectangular frame was prepared and applied. The text was in the old spelling, including the hard sign. In the left hand of the cachet, a single-line circular seal with a diameter 33-34mm. and showing the double-headed eagle of the All-Russian Provisional Government was in- serted (See Fig. 1). Around the eagle at the top there appeared the words "Khabarovsk Branch" and at bottom "of the State Bank," with little stars separating the two terms. The right half of the cachet had a five-line in- scription reading "Presented/30 November 1918/at/ Khab. Br. St. B./Cashier . . . "; and the cashier added his signature in red ink while the color of the cachet was violet. In spite of the fact that the validity of these stamped bills was extended from December 1. 1918, to the 15th of the same month and then to April 1, 1919. the original date on the validating cachet was not changed. Because of the dispersion of population over the huge expanse of the Maritime province and the great difficulty experienced in getting the bills into the Kha- barovsk branch of the State Bank in time for validation. permission was finally given to have the validation car- ried out also in other places, and these locally validated bills could then be exchanged at the Khabarovsk branch nonAefiaa npoene,aysvaa 3aMOsoM. 3 I tZ: P"' - • • $11r4101 ralifaaaa •?:PrC/T.13C cob-4,44 a \._ 140.4"..Z.Z4" ele141 $4;argrJra-iei :tR.,e9ex7r4ex ..XiL,41roar13 PYb*RCRTE• I OBR3aTefleH K Q palyeHliiO B npei eiiax ,flan Paper MoneyPAGE 20 WHOLE NO. 17 Figure 1. Obverse of 10 ruble note with rubber stamp "A" on upper right corner: "September 1918 g./Khabarovsk Br./state bank/authorized for circulation." Rubber stamp "B" is on upper left corner: "Presented/30 November 1918/Khab. br. st. b./Cashier . . ." Figure 2. Reverse of 50 ruble note of the State Bank for regularly validated "Krasnoshche- kov" bills. The local validation of the "Krasnoshchekov" bills was permitted at the following places: A. The Administration of the Ussuriisk Cossack Army at the stanitsa of BIKIN. B. The Treasury at the town of IMAN. C. The District Zemstvo Administration at the village of KIIN. (See Fig. 3.) Validating cachets made of mastic were applied on the notes at the above points, normally in violet. Upon delivery of bills so treated at the Khabarovsk branch of the State Bank, they were restamped with the validation of this latter branch, as explained above, and then placed in circulation throughout the area as circumstances re- quired. In view of the above procedures, notes which show only a validation stamp from one of the three designated local points have not yet come to light in collections, although they should theoretically exist. Bills are also to be found with seals of the Nikolaevsk- on-Amur branch of the State Bank, in two types, as follows: OP*" .4bt PYEdiEli noAAattota npa4fIcA4 OTICA-31tHOHOM WHOLE NO. 17 Paper Money PACE 21 Figure 3. Reverse of 10 ruble note rubberstamped "Kiinskaya Volostnaya Zemskaya. Uprava" and "Zemstvo Primorskoi Oblasti." Figure 4. Obverse of 10 ruble nete rubberstamped in circle "State Bank Nikolaersk of a Branch fcr packages." 1. Text in the old spelling in two lines, struck in violet and given in lower case type. The cachet reads "Nikolaevsk-na-amure otdelenie/gosudarstvennago banka." 2. A circular seal. 34-35mm. in diameter. with the double-headed eagle, crowned and with all regalia. in the center, and reading at top between stars "State Bank" and at bottom "Nikolaevsk o/A branch." In the center below the eagle there is a term "for packets." (See Fig. 4). (TO BE CONTINUED) Paper Money WHOLE NO. 17PAGE 2 2 SECRETARY'S REPORT New Membership Roster Dealer or No. New Members Collector Specialty 1491 John W. Upmeyer, 2702 Avonhurst, Birmingham, Mich. C U. S. small size currency & type set on large 48008 size 1492 Louis H. Buehler. Jr., 4200 Dressell, St. Louis, Mo. 63120 1493 Walter L. Maslanka, 4301 N. Richmond, Chicago, Ill. C Large & small notes, all types 60618 1494 Mrs. Susan Fox, 2615 South Pennsylvania St., Indian- apolis, Ind. 1495 Ted Gozanski, 702 E. 2nd St., Superior, Wis. C, D All U. S. currency 1496 William Culbertson, Jr.. Box 217, Raven, Va. 1497 Walter E. Kemp, Jr., Purcellville, Va. 1498 Paul G. Conmy, 1103 Main Street, Fargo, N. D. 58103 C U. S. & Canada 1499 Byron H. Berry, 2717 Sheridan Rd., Evanston, Ill. 60201 C Large & small currency 1500 Alfredo P. Marcon, Via Dei Coronari, 112, Roma-2, Italy C, D Pontifical State, Confederate & Southern States 1501 Harry J. Moser, 162-21 Powells Cove Blvd., Whitestone, C Maryland, Colonial & obsolete N. Y. 11357 1502 Harold R. Cox, 248 E. San Salvador, San Jose, Cal. 95112 C U. S. & Canadian $1 notes 1503 J. F. Lyon, 144 Linwood Drive, Baytown, Tex. 77520 C U. S. large & small size currency 1504 Jack K. Paul, 5926 East Shore Drive, Fort Wayne, Ind. C National currency 46805 1505 Alexander T. Sanders, 7968 Summerdale Ave., Phila- C U. S. currency delphia, Pa. 19111 1506 Lesley G. Lodge, Apt. 201 - 6616 Telegraph Ave., Oak- C U. S. currency land, Cal. 94609 1507 Theodore V. Grau, 218 Dolton Road, Feasterville, Pa. C Worldwide 1 9048 1508 101-n C. Coleman, 511 Mississippi St., Jackson, Miss. C Obsolete state & bank notes, script 1509 Thomas Brennan, 57-40 Seabury St., Flushing, N. Y. C Large & small size U. S. 1510 Frank I. Starks, 5311 No. Loma Ave., Temple City, Cal. C $1, $2 & $5's large and small size 91780 1511 Mrs. Marie Sankey, 124 LeFlore #7, Clarksdale, Miss. C Silver certificates, etc. 38614 1512 Harvey Blicksilver, 38 Rabkin Dr., Clifton, N. J. C Large size bills-older small currency 1513 Robert M. Hawes, 336 Franklin Ave., Seacliff, N. Y. C Early American or Colonial 11579 1514 John Contor, 640 E. Madison, Pontiac, Mich. C, D 1515 Bates H. Johnston, 213 Bonita Ave., Piedmont 11, Calif. C, D Silver certificates 1516 Mrs. L. E. Solomon, 1406 Peachtree Blvd., Richmond, Va. 23226 1517 William Domonkos, 14 Knollwood Dr., Fairfield, Conn. C $1 notes (S. C. & F. R. N.) 06432 1518 David Dowdy, Jr., 201 Shadow Valley Dr., High Point, C Small notes N. C. 27262 1519 Norman Lewis, 631 Homedale St., Saginaw, Mich. C U. S. currency 1520 Thomas J. Darby, 225-03 141st Ave., Laurelton, N. Y. C U. S. modern currency, U. S. military currency 11413 1521 Kittie C. Sturdevant, 303 City National Bank Bldg., Oklahoma City. Okla. 1522 F. W. Gabel, 116 West Jefferson St., DeWitt, Mich. 48820 C $1 & $2 dollar bills 1523 Richard Schiff, 451 Next Day Hill Drive, Englewood, C Current size U. S. currency N. J. 07631 1524 Harvey M. Brown, CPA, 230 South Bemiston Avenue, C Fractional currency, small bills Clayton, Mo. 63105 1525 Leonard Bennett, 5706 West 29th North, Wichita, Kan. C Currency 67205 1526 Ronald L. Horstman, 6137 Victoria, St. Louis, Mo. 63139 C Large & small U. S. currency 1527 Pomerleau Gilles, 1104 Duplessis St., Apt. 4, Sherbrooke, C U. S. & Canadian small size P. O., Canada WHOLE NO. 17 Paper Money PAGE 23 1528 James E. Lund, 8522 Garland Avenue, Takoma Park, Md. 20012 1529 Charles A. Glenn, P. 0. Box 35, I A B, Miami, Fla. 33148 1530 Hardy C. Lee, 1975 North Alexandria Ave., Hollywood, Cal. 90027 1531 Robert McCracken, RFD #1, Olanta, Pa. 16863 1532 Charles H. Walsh, 335 Nokomis, Park Forest, Ill. 60466 1533 Fred F. Lockwood, 2241 Grant Ave., Dayton, Ohio 45406 1534 David H. Roth, 828 N. Sycamore Ave., Los Angeles 38, Cal. 90038 1535 Charles Matthew Feldman, 332 Ellis Ave., Iowa City, Iowa 1536 B. T. Prather, Jr., 15001 NW 2nd Ave., Miami, Fla. 33168 1537 Clarence D. Glendening, 12065 Alondra Blvd., Norwalk, Cal. 1538 Paul R. Peel, 2201 South University Blvd., Denver, Colo. 80210 1539 Walter D. Spain, P. 0. Box 12, Tupelo, Miss. 1540 Thomas Lazorik, 660 W. James St., Mount Olive, N. C. 28365 1541 Mrs. Eunice F. LeGrand, 15281 Cedarsprings Drive, Whittier, Cal. 90603 1542 Norman E. O'Neill, 11040 "C" Cassina Avenue, South Gate, Cal. 90281 1543 Alfred J. Cohn, 324 Oak Lane, Richmond, Va. 1544 F. Doud Mohr, 87 Liston Road, Kenmore, N. Y. 14223 1545 Arthur Dischiavo, 257 Tenesee Street, Utica, N. Y. 13501 1546 R. E. Bryant, P. 0. Box 56, Walkertown, N. C. 27051 1547 Ray Hietalahti, 1E754 Shaftsbury, Detroit, Mich. 48219 1548 Ralph Hannebaum, 248 Bangor Drive, Indianapolis, Ind. 46227 1549 Howard Michelson, 429 Southampton, Silver Spring, Md. 20903 1550 Morton Phillips Simpson, c/o Burger-Phillips Co., Bir- mingham, Ala. 35203 1551 C. Melroy Thomas, 1312 Oregon Ave., Steubenville, Ohio 43952 1552 E. M. Gordon, 1437 E. Huntington - Apt. 11, Duarte, Cal. 1553 Chester J. Grabowski, 25 Snipsic St., Rockville, Conn. 06066 1554 Frank W. Devenish, 100-15 89th Ave., Richmond Hill 18, N. Y. 1555 Robert W. Huntoon, 1024 Bay View Ave., Napa, Cal. 1556 Irvin E. Faunce, 8506 Glenville Rd., Takoma Park, Md. 1557 H. T. Mckissack, 103 Cherry Lane, Athens, Texas 75751 1558 Eugene Bowles, 3575 S. Sadlier Dr., Indianapolis, Ind. 46239 1559 Coy H. Williams, P. 0. Box 931, Kingsport, Tenn. 37662 1560 Amor Bulick, Jr., Junkin St., Belleville, Pa. 17004 1561 Douglas G. Johnson, 30 Bayberry Lane, Milford, Conn. 1562 Leon Sidor, 439 Willett Ave., Port Chester, N. Y. 10573 1563 William P. Ironmonger, 23715 Lucille Ave., Torrance, Calif. 90501 1564 M. Titus, P. 0. Box 5196, Milwaukee, Wis. 53204 1565 John J. Voskovich, 14891 Cedargrove, Detroit, Mich. 48205 1566 Raymond K. Oakes, P. 0. Box 753, Hillside, N. J. 07205 1567 James DuPont, 77 Myersville Rd., Chatham, N. J. 1568 Valentine Pasvolsky, 241 River Ave., Lakewood, N. J. 1569 W. T. Herget, 34 Twinbrook Dr., Springdale, Conn. 06879 C U. S. paper & Canadian Silver certificates Occupation currency, etc. C Small size bills Silver certificates One, two, five notes and certificates Paper money of the world C United States fractional currency Small size national bank notes C, D Latvia-Israel C Broken bank notes Fractional currency U. S. coins C Misc. C C Large bills C Numismatic investing U. S. paper General $1 bills 1862 to date C Small size U. S. paper money C C German & Austrian notgeld after WW I C C C, D Large bills, freaks, Conn. national bank notes C American currency Silver certificates Large and small U. S. currency C, D C, D Uncirculated silver dollars C U. S. large and small notes Fractional currency Small series silver certificates C C C Obsolete foreign, Baltic States C U. S. small size paper money Small size notes, SC, FRN, Nat. NJ, NY, Pa. and advertising obsolete C Colonial currency fiscal notes Dollar bills Paper Money WHOLE NO. 17PACE 24 1570 Byrd Saylor, Jr., 1294 Lucas Ave., Louisville, Ky. 40213 C, D 1571 Wm. E. McGinnis, 3377 E. Skelly Dr. - Apt. 118, Tulsa, C Large size notes Okla. 74135 1572 Paul L. Davis, Jr., Box 1811, Midland, Texas C General, U. S. 1573 Roy E. Flechsig, R. R. 3, Vandalia, Ill. 62471 C U. S. coins and proof sets 1574 Elmer M. Collins, 120 Madison Bldg., Chicago, Ill. 60602 C General 1575 Douglas D. Smith, P. 0. Box 5061, Grosse Pointe, Mich. C $1, & $2 all series 48236 1576 Keith Ledbetter, Box 209, Mt. Pleasant, Tenn. 38474 1577 Clovis E. Martin, P. 0. Box 371, Florence, Ala. 35631 C National bank notes 1578 C. Edmund Lehr, c/o American Tel. & Tel. Co., 50 C Small size notes Varick St., New York, N. Y. 10013 1579 Kenneth M. Eaton, 7 Orson Dr., Homer, N. Y. 13077 C National currency, local banks 1580 Ronald L. Feese, N. Front St. Ext., Wrightsville, Pa. C Early U. S. notes 17368 1581 John V. McMillin, 426 Grant, Iowa City, Iowa 52240 C Large and small $1 U. S. notes 1582 Henry E. Graczyk, 101 Gittere St., Buffalo, N. Y. 14211 C General, foreign and military prisoner of war 1583 Vance W. Playford, P. 0. Box 243, Bryan, Ohio C U. S. silver certificates, 82 LT notes, partial Canada 1584 Russell E. Snyder, RD #1, Cowansville, Pa. 16218 C Types, U. S. currency, Confederate currency, Colonial currency 1585 Alan D. Barnes, 17140 Toepfer Dr., East Detroit, Mich. C U. S. paper money 48121 1586 Frank R. Hannah, 50 Fox Grove Dr., Hampton, Va. C Confederate and Virginia County notes 1587 Gerald W. Hoover, Box 171, King City, Cal. 93930 C Mexican, other foreign 1588 Andrew J. Wardenski, R.D. #1, Mohnton, Pa. 19540 C Coins and paper currency 1589 John T. Waters, 3931 69th, Des Moines, Iowa 50322 C, D National bank notes 1590 John T. Hickman, 708 20th St., West Des Moines, Iowa C, D National bank notes Change of Name or Address 1329 Walter Kempin, Jr., 16028 Via Catherine, San Lor- enzo, Cal. 725 Donald T. Burnett, 518 S. Grace St., Lombard, Ill. 60148 1282 John T. Misch, 37282 Green Drive, Eastlake, Ohio 44095 73 John T. Walker, Etowah, N. C. 528 Ralph Goldstone, 581 Boylston St., Boston, Mass. 02116 980 Dr. Stuart L. Danoff, 1867 Summer St., Stamford, Conn. 06905 815 Joseph T. Cicero, 4438 Tamalga, Cleveland, Ohio 444 1 William H. Smrekar, 451 F. 149 St., Cleveland, Ohio 44110 1350 E. Gail Hutchinson, 2911 Hanover Dr., Lima, Ohio 45805 516 William S. Bailey, Jr., 3126 S. Gary, Tulsa, Okla. 74105 1234 Robert J. Rooks, Route - Box 458 A, Kernersville. N. C. 77284 1105 William R. Geijsbeck, 1701-13th Ave. So., Seattle, Wash. 98144 460 Lawrence Falater, 3811 Harvard, Detroit, Mich. 376 Robert Goodpaster, 2343 Harrodsbury Rd., Lexing- ton, Ky. 40503 59 2 Richard L. Hood, 4837 Ford St., Trenton, Mich. 48183 447 Herbert F. Jenne, Box 4634. Fort Lauderdale, Fla. 33304 725 Donald T. Burnett, 518 S. Grace St., Lombark, Ill. 60148 WHOLE NO. 17 Paper Money PACE 25 1341 Roy L. Brown, 7 Shady Lane, Danville, Ill. 61833 132 Foster W. Rice, 15 Oakridge Dr., P. 0. Box 204, Granby, Conn. 06035 1058 D. Robert MacRae, 137 Mookua St., Kailua, Oahu, Hawaii 96734 4 1 8 James W. Johnson, 564 Beeler Dr., Berea, Ohio 44017 1180 Bruce Robinson, P. 0. Box 275, Mt. Hermon School, Mt. Hermon, Mass. 01354 762 John C. Braun, P. 0. Box 8912, Rochester, N. Y. 14624 1207 Robert S. Marshall, 308 Impala Lane, Hazelwood, Mo. 63043 594 Delwyn J. Worthington, 5131 E. St. Andrews Drive, Tucson, Ariz. 85701 1511 Mrs. Marie Sankey, 1617 Herrin, Clarksdale, Miss. 38614 275 Aaron Bernarr Beard, 2048 La Cresta Drive, Salt Lake City 21, Utah 1040 C. A. Reames—Name correction 565 Lt. Bernard J. Schaaf USNR, USS La Salle (LPD- 3), FPO New York, N. Y. 09501 1269 Lt. William A. Nelson, 522 21st St. NW Apt. 303, Washington, D. C. 20006 592 Richard Hood, 4837 Fort, Trenton, Mich. 48183 97 Jim Grebinger, P. 0. Box 614, Oak Park, III. 60303 426 Philip A. Stewart, P. 0. Box 234, Oakridge, Ore. 97463 1318 Leo E. Eickhoff, Jr., 34 Pryor Manor Rd., Larch- mont, N. Y. 10038 1247 Ray Austrian, 740 Madison Ave., New York, N. Y. 886 Violette Weber, 3260 Biscayne Blvd., Arnold, Mo. 63010 914 Neil V. Certain, La Crosse, Kan. 67548 598 Edward Jester, 1215 Brandywine Blvd., Wilmington, Del. 19809 1487 Walter M. Schilling, 6o10 Conmoor, Troy, Mich. 48084 1405 Albert Siegel, 1214 Avenue K, Brooklyn, N. Y. 717 Edmund H. Kase, Jr., 333 W. State, Trenton, N. J. 08608 1240 Jeff Wexler, Box 240, Lexington, Va. 24450 107 W. H. (Bill) Mason, Traveland Motel, Washing- ton, N. C. 27889 Reinstated 195 George B. Schwarz, 3785 Northampton, Cleveland 10-25-65 Heights 21, Ohio 13 Harry J. Forman, P. 0. Box 5756, Philadelphia, Pa. 10-25-65 19120 275 Aaron Bernarr Beard, 2048 La Cresta Drive, Salt 9-18-65 Lake City 21, Utah 1087 Frank 0. Frazier, Sr., 1810 McClung St., Charleston, 9-22-65 W. Va. 25311 1076 George Garvin, 94 Atlantic Ave., Manasquan, N. J. 9-25-65 1040 Cedric A. Reames, 609 SW 6oth St., West Des 10- 1-65 Moines, Iowa 1079 George L. Verral, P. 0. Box 566, State College, Miss. io- 8-65 39762 ASSIGNATS OF FRENCH REVOLUTION .Assigrint de-anguante--sols, 50 sols (May 23, 1793) .50 5 livres (Nov. 30, 1793) .50 10 livres (Oct. 24, 1792) .50 250 livres (Sept. 28, 1793) large size $ 3.00 1000 francs (Jan. 7, 1795) large size, red print $ 6.00 (new and well marginated) 1st ROMAN REPUBLIC (1798 - 1799) Paoli 1 1/2 VG $10.00 Paoli 9 VG $10.00 Paoli 10 VG $10.00 (Some other Pontifical State currency available) ALFREDO P. MARCON Via dei Coronari, 112 ROMA-2, Italy HERE'S TOM SETTLE SPECIALIZING IN L S. CI, RIF:NCI( 1861 TO DATE Probably have Largest Stock Paper Money available on East Coast United States today. Lists available and complete for a Ten Cent Stamp. Member S. P. M. C., A. N. A., R. C. D. A. and many others. Will buy or sell. Price your notes. I price mine. For List send to THOMAS .1. SETTLE Box 1173 Church St. Sta. New York, N. Y. 10008 FRACTIONAL CURRENCY Last Issue's Ad Still Current • We have a good stock of regular issue and specimen notes. Want lists solicited. • WANTED: Complete Collections Singles, sheets, shields, specimens anything in the series. Write Thomas E. Werner 505 No. Walnut St. West Chester, Pa. ANA ANS MANA SPMC PAPER MONEY OBSOLETE NOTES—Singles and uncut sheets, "over 200 differ- ent uncut sheets in stock." Price list available. CONFEDERATE CURRENCY—price list by type number avail- able FRACTIONAL AND CONTINENTAL NOTES UNITED STATES—LARGE AND SMALL CURRENCY FOREIGN NOTES—MILITARY CURRENCY We dnn't have everything but we have helped out many a collector and we are constantly buying any kind of paper money whenever offered at a reasonable price. We do have some price lists available free. Ask for them. BUT we wou!cl appreciee your want list by variety, city,state or country or catalog number if listed so wecan serve you better. We will then quote or send notes on approval. We keep you on file. we also do some business in land grants, documents, stock certificates, early checks, medals, politicals, stamped envelopes, Lincolnia, maps, early newspap- ers, Civil War historical material. Correspondence invited. AMERICANA GALLERY H. F. JENNE P. 0. BOX 4634, FORT LAUDERDALE, FLORIDA Phones Office 565-7354 Res. 52 2-3630 area code #305 WE BUY SELL AND TRADE OFFICE HOURS BY APPOINTMENT P. S. U147031313 A t r nee L THIS GERM I,E0A1.11ROER FOR MA. PR■VA71. U 37031313 A NOTE MISMATCHED SERIAL NUMBERS CONDITION IS STRICTLY CRISP UNCIRCULATED. WANTED FRACTIONAL CURRENCY SHIELDS Please describe shield, frame, and state price in first letter. BROKEN BANK I have a large stock on hand at all times and will be happy to add your name to my mailing list. • and other obsolete U. S. Currency available WHETHER BUYING OR SELLING Write to: Mike G. Brownlee 1416 COMMERCE STREET DALLAS, TEXAS. 75201 A.C. 214 - RI 2-2526 Please Contact WARREN HENDERSON Obsolete Currency Specialist P. 0. BOX 1358, VENICE, FLA. 33595 U. S. LARGE SIZE CURRENCY U. S. SMALL SIZE CURRENCY U. S. FRACTIONAL CURRENCY PAPER MONEY MAJOR ERROR Money-order $39.50 each. Can furnish consecutive numbers. Will trade for 36 uncirculated $1 bills any district or 3 1964 Proof Sets or 3 rolls unc. 1964 Kennedy Halves. $1 1963 FRN Boston, Atlanta stars, Cleveland, Minn plain and $1 1963 A FRN Philly, Cleveland, Richmond plain beginning 0000 exchanged for other digtricts or will sell for $6 each. $10 1963 FRN Richmond District beginning 0000 $15.00 each. Matched pairs, trios and even four $1 FRN with identical num- bers listed for sale or exchange in my free price-list of unc. small sired notes sent for self-addressed stamped envelope. Odd or low numbered bills wanted. Richmond District FRN exchanged for others. Write First. LIST AVAILABLE STAMP PLEASE JAMES W. SEVILLE THEODORE KEMM 915 West End Avenue New York, N. Y. 10025 BOX 866, STATESVILLE, N. C. Member Society Paper Money Collectors #630. Blue Ridge Numismatic Assn. Inc. #1384. American Numismatic Association R-53295 Reference—Northwestern Bank, Statesville Phone—Area Code 704 873-7462 Old Obsolete Sheets & Miscellaneous Bank of New England. Conn. 1-1-2-5 A.U. Bank of New England. Conn. 3-5-10-20 A.U. Colonial Sheet of 3 Notes. Conn. 1789. Fine First Nat. Bank Killingly, Conn. Sheet of 4 Checks 187- V.F. $ 8.25 14.50 P.O.R. 5.75 McKean County Bank. Pa. 5-5-5-5 A.U. Marietta, Pa. July 1837. 2-1-500-250-200-10¢ A.U Indiana Iron Works. Pa. 500-250-100-50-100-5¢ A.U. Alleghany Furnace. Pa. 5-50¢-25¢-100-50-5¢ A.U 19.75 29.50 17.75 17.75 Stonington Bank. Conn. 1-1-2-3 A.U. 19.75 Phila., Pa. Sheet of 3 Exchange Certs. 185- A.U. 6.50 Stonington Bank. Conn. 5-5-5-10 Red O.P. A.U 14.75 Girard Nat. Bank. Phila. Sheet of 5 Checks. 187- A.U. 8.25 Stonington Bank. Conn. 5-5-5-10 All Black. A.U. 37.50 Centennial Nat. Bank. Phila. Sheet of 5 Checks. 187- Stonington Bank. Conn. 5-5-10-20 A.U. 17.50 A.U. 7.50 City Bank of New Haven. Conn. 1-1-2-3 A.U. 22.75 Warwick Bank. R. I. 5-5 part sheet. E.F. 12.75 City Bank of New Haven. Conn. 5-5-5-10 A.U. 19.50 New England Commercial Bank. R. I. 1-1-2-3 A.U. 13.50 City Bank of New Haven. Conn. 50-100-20-20 A.U. 32.50 New England Commercial Bank. R. I. 10-5-5-5 A.U. 14.75 Bank of Augusta, Ga. 1-1-1-2 A.U. 14.75 South Carolina Rly Co. 1-1-2-5 E.F. 17.75 Bank of Augusta, Ga. 4-4-4-4 A.U. 24.75 State of S. C. 1-1-2-2 A.U. 12.75 Bank of Augusta, Ga. 5-5-5-5 A.U. 14.25 State of S. C. 5-5-10-10 A.U. 14.50 Merchants & Planters Bank. Georgia. 1-1-1-2 A.U. 19.50 State of S. C. 20-20-50-50 A.U. 19.50 Baldwin & Dodge. Iowa. 1-1-1-1 A.U. 38.75 Peoples Nat. Bank. Charleston, S. C. Beautiful Sheet Depositary of U. S. Louisville, Ky. Sheet of 3 Checks. of 3 Checks. 187- Purple on white. A.U. 8.75 186- A.U. 9.75 Charlotte, Columbia & Augusta Rly Co. 1-2-10-5 Frankfort Bank. Ky. 10-5-5-5 A.U. 19.75 A.U. P.O.R. Canal Bank. La. 10-10-10-10 A.U. 8.50 Strip of 6 Coupons of Morgans Louisiana & TexasRly Co. Proofs. 12.50 Citizens Bank. La. 50-50-50-50 A.U. 14.75 Brenham, Texas 3-2-1-50¢ A.U. little stain. 39.75 Cape Cod Rly Co. Mass. Sheet of 2 Checks. 18- A.U. 5.50 Corinth, Vermont 50-500-25¢ V.F. part sheet. 9.50 Merchants Bank. Boston. Sheet of 3 Checks. 185- A.U. 6.75 West River Bank. Vermont. 1-2-3-5 A.U. 24.50 Boylston Nat. Bank. Boston. Sheet of 3 Checks. 188- Bank of Windsor. Vermont. 1-1-2-3 A.U. 32.75 A.U. 3.75 Bank of Windsor. Vermont. 10-5-5-5 V.F. 24.50 International Trust Co. Boston. Sheet of 3 Checks. Buena Vista Furnace. Va. Sheet of 6 Checks. 18- 188- A.U. 7.50 A.U. 9.75 Bank of Washtenaw. Michigan. 5-5-5-10 V.F. 18.50 Williamsburg Div. Va. Sheet of 3 Checks. 185- A.U. 6.50 Bank of Michigan. Marshall. 1-3 A.U. 14.75 Farmers Bank of Va. 1839. 6 1/4¢-12 1/2¢-12 1/2¢- Bank of Macomb County. Mich. 5-5-5-10 A.U. 33.50 25¢-50¢-1 A.U. 24.75 Tecumseh Bank. Mich. 1-1-3-5 A.U. 19.75 Bank of the Valley of Va. 1-1-1-2 A.U. 25.00 Dayton Bank. Minn. 1-1-2-5 A.U. 39.50 County of Nottoway, Va. 100-100-10¢ A.U. 29.75 Le Roy, N. Y. 4-10¢ 8-25¢ 2-50¢ Sheet of 14. A.U. 37.50 County of Lunenburg, Va. 6-75¢ A.U. 34.50 Albany City Bank. Albany, N. Y. Sheet of 2 Checks, 18- V.F. 3.75 First Nat. Bank. Parkersburg, W. Va. Sheet of 3 Checks. 189- A.U. 7.75 Tradesmens Bank. N. Y. Sheet of 3 Checks. E.F. 18- 4.00 Hungarian Fund. New York. 1 -1 -1 A.U. 5.75 Village of Salem. N. Y. Part Sheet of 15-10¢ E.F. 39.50 Hungarian Fund. 5-5-5 A.U. 9.50 Salem Glass Works. N. J. 3-50¢ 3-25¢ 3-10¢ 3-50 A.U. 32.75 Mexico. Sheet of 5-5-5-5 fantastic colors. A.U. 11.50 State of N. C. 10-10¢ 10-5¢ full sheet of 20. Fine 42.75 Beaver Dam Mining Co. Strip of 5 Coupons. A.U. 8.75 Bank of Florence. Nebraska. 1-2-3-5 A.U. 27.50 Crystal Palace Medal. dated 1854. 63 MM. white Farmington Bank. N. H. 2-1 A.U. 14.75 metal l'OOF 29.50 J. S. Blaisdell. N. H. 3-10¢ 2-25¢ 3-50¢ A.U. 29.50 Henry Hu -lron dated 1909 in Alumn. size of Gold Depositary of U. S. Cinn. Ohio. Sheet of 2 Checks. Dol. A.U. 8.75 186- E.F. 8.75 U. S. Semicen'ennial. 1826. W.M. (holed as usual) P.O.R. Franklin Silk Co. 1-1-2-3 A.U. 19.50 Pan-American Exp. 1931. Brass. A.U. 14.75 Franklin Silk Co. 5-5-5-10 A.U. 14.50 Summit County Bank. Ohio. 36-5¢ E.F. 39.50 St. Louis Exp. 1904. Brass. A.U. 12.50 Summit County Bank. Ohio. 30-10¢ 6-50¢ E.F. Jenny Lind Medal. SILVER PROOF. 1891 50MM. Sheet of 36. 44.75 W-2 P.O.R. Bank of North America. Phila. Sheet of 3 Checks. Panama-Calif. Exp. 1915. Silver. A.U. 39.75 186- A.U. 6.50 Panama-Pacific Exp. 1915. Bronze. E.F. 14.50 Schuylkill Bank. Phila. Sheet of 5 Checks. 18- E.F. 7.75 Allentown, Pa. Sheet of 3 Checks. 185- A.U. 4.75 Sesquicentennial Exp. Phila. 1926. Cop. A.U. 32.50 Bank of Montgomery County. Norristown, Pa. Sheet Cotton States Exp. 1895. Brass. E.F. 29.50 of 5 Checks. 183- A.U. 7.75 Bickford Dollar. 1897. damaged 31.75 Volunteer Refreshment Saloon. Sheet of 4 Checks. Evans (History of United States Mint) 1885 This Phila. A.U. 12.50 Bock shows much wear, but is all intact. 19.50 FRANK P. 0. Box 864 F. SPRINKLE Bluefield, W. Va. 24701 KNOWLEDGE INTEGRITY RESPONSIBILITY PROFESSIONk NUMI SMRTISTs GUILD I NCe P.N.G. 65 U. S. CURRENCY • PAPER CURRENCY COLLECTING IS INCREASING AND THE SUPPLY IS DECREASING Here is the chance to pick up some items that are not common anymore. FrIedberg's numbers are used and all notes returnable if not satisfactory. Fr. 36 $1.00 1917 Legal Tender VF $ 6.50 37 1.00 Same VF 6.50 38 1.00 Same VF 6.50 39 1.00 Same VF 6.50 Above Notes Unc. $15.00 ea. 40 $1.00 1923 Legal ; only V.G. Scarce $ 7.00 88 5.00 1907 Legal Tender VF 14.00 89 5.00 Same VF 20.00 90 5.00 Same VF 14.00 91 5.00 Same VF 12.50 234 1.00 1899 Silver Cert. VF 6.00 235 1.00 Same VF 6.00 236 1.00 Same VF 6.00 1899 $1.00 Silver Cert. Unc. $12.50 237 1.00 1923 Silver Cert. VF $5.50 Unc. $12.25 238 1.00 Same VF $7.00 Unc. $17.50 Three Different Large $1.00 Notes; Avg. Circ. for $12.50 Five Dollar Notes, 1914 Federals; Avg. Circ. for $ 7.50 ea. Ten Dollar Notes, 1914 Federals; Avg. Circ. for $12.50 ea. • goim 9/. Roma, 111 NUMISMATIST P. 0. BOX 2381 • DALLAS 21, TEXAS LIFE MEMBER A.N.A. 402 AGAIN BREAKING RECORDS Donlon Catalog 1966 Edition "UNITED STATES SMALL BILE PAPER MONEY" SAME LOW PRICE $1.10 PPD. "WORTH $10.00 OR MORE" The LITTLE BOOK with the BIG IMPACT. KNOWLEDGE RESPoN5INUIY PROFESSIOW NUMISMIITISis cult]) °If" WILLIAM P. DONLON United States Currency Exclusively and Full Time! P. 0. BOX 144 UTICA, NEW YORK, 13503 Phone 315-735-2525. S.P.M.C. No. 74 A.N.A. No. 4295 Life Member No. 101 AND NOW A NEW 48 PAGE CHECK LIST OF ALL U.S. SMALL SIZE PAPER MONEY WITH DONLON SIMPLIFIED CODE NUMBERING 55c ppd. Donlon Catalog and Check List, special $1.45 ppd. Usual dealer discount on CATALOG or CHECK LIST. FLIP - UP ALBUMS, 50 pockets, hold 50 to 100 notes. New improved for small size notes $ 9.95 Same for large size notes $12.50 Dealer discount six or more, one kind or assorted. SEE DONLON FIRST, WHEN BUYING OR SELLING single notes or uncut sheets of SMALL or LARGE SIZE U. S. CURRENCY and U. S. FRACTIONAL CURRENCY. Excepting rarities, only interested in buying strictly new, perfect notes. Save time. Please quote! Your Want List will have careful attention. Return envelope with inquiries please. N.Y.S. Residents add tax for your area.