OMNI 2 1 is o." ,/40,9r✓l . MOM A 11.11N( '() 011).11,1 'E Y (7: %It ,1 1 ,111tI SII111( I 11 N1,11, \ xt.4* ENOS- 1. irinnioYsil Paper litenel DEVOTED TO THE STUDY OF CURRENCY r tor:COW. s [,7,,,w,m ^,r1:111212MENFM366 fi*a r r4 T , ..oky Note of a Chilean private bank, discussed in Richard A. Banyars economic and numismatic study of inflation in Chile, beginning on Page 107. 1967 Whole No. 24 No. 4 OFFICIAL PUBLICATION OF Cociet9 oi Paper litonq Collector, © 1967 by The Society of Paper Money Collectors, Inc. Illebee's, inc. "Pronto Service" NOWLEDGE PROFE SS IO Nik■ N uMI S MRTISTs li o • INC ' RESPONSRITY 4514 North 30th Street Phone 402-451-4766 Omaha, Nebraska 68111 U. S. SMALL SIZE NOTES All Superb, Crisp line. if not otherwise stated. # Indicates margin trifle close. Remember, at ilebee's "you get what you pay for - and WANTED - Silver Certificates Worn or New. We will allow 30% Premium in Exchange for other Notes, etc. Any Quantity $1 SILVER CERT. (none later than May 15th) $5 SILVER CERT. 201-1 1928 # $14.50 $17.50 205-1 1934 $24.50 201-2 1928A AU $5.00 # $8.50 ... 11.50 205-1 1934A AU $9 18.50 201-3 1928B 14.50 205-3 1934B 47.50 201-4 1928C Wanted-write 205-4 1934C 19.75 201-5 1928D # $175 195 00 205-5 1934D 17.75 201-6 1928E Wanted-Write Auto, Georgia 201-7 1934 # $9.75 12.75 Neese Clark 20.50 201-8 1935 # $10.75 13.50 205-6 1953 14.75 201-9 1935A AU $2.00 # $2.95 .... 3.75 205-7 1953A 14.75 201-10 1935B 10.95 205-8 1953B # $9 10.50 201-11 1935C AU $2.00, # $4.50 ... 5.75 201-12W 1935D Ty. 1 - Wide Rev. $10 SILVER CERT. # $3.75 201-12N 1935D Ty. 2 - Nar. Rev. 4.95 210-1 1933 Wanted # $3.50 201-13 1935E # $2.50 4.50 3.75 210-2 210-3 1934 193 •IA 49.00 11 50 201-14 1957 Gem 2.05 210-4 1934B Wanted 201-15 1935F # $2.25 3.25 210-5 1934C 24.50 201-16 1957A Gem 2.95 210-6 1934D 21.50 201-17 1935G No Motto 2.95 210-7 1953 29.50 201-18 35G mot. # $3.25 3.95 210-8 1953A 26.50 201-19 1957B Gem 2.95 210-9 195311 # 23 27.50 201-20 1935H # $2.00 2.95 Above Last Ten (10) 26.75 $2 LEGAL TENDER 102-1 1928 49.50 102-2 1928A Wanted 102-3 1928B Wanted 102-4 1928C # $19 26.50 HAWAIIAN ISSUE 102-5 1928D # $18 24.50 H201 1935A # $6.95 low nos. und. 900 Under 1,000 Under 2,000 11505-1 1934 $5 HSO5-2 1934A $5 # $29.75 H510 1934A $10 wanted-write H220-1 1934 $20 vg-au write H520-2 1934A $20 Wanted-write 8.95 14.95 13.95 12.95 74.50 31 50 102-6 102-7 102-8 102-9 102-10 102-11 102-12 102-13 102-14 1928E 1928F # $16 1928G # $12 1953 # $5 1953A # $5 1953B # $3.25 1953C # $4 1963 Gem 1963A 28.50 22.50 14.50 7.50 7.50 6.75 5.50 3.50 3.75 Above last six 31.50 NORTH AFRICA A201 1935A $1 16.50 RED "R" & "S" ISSUE A205 - 2 1934A $5 24.50 11201, 5201 Gem Pair 145.00 A210-2 1934A $10 '16 50 Another Pair # 127.50 Above Set (3) 72.90 $5 LEGAL TENDER 105-1 1928 AU $14 $27.50 105-2 1928A ExF $18 49.50 105-3 1928B AU $15 34 50 105-4 1928C 24.50 105-5 1928D 47.50 105-6 1928E AU $13 24.50 105-7 1928F 21.00 105-8 1953 18.50 105-9 1953A 14.50 105-10 1953B 12.50 105-11 1953C 9.75 105-12 1963 # $6.75 8.75 $5 FED. RESERVE 505-6GL 1934 18.00 505-9G 1934C 11.50 505-11J 1950 11.00 505-11K 1950 11.00 505-12.1 1950A 10.50 505-13.1 1950B 9.75 505-1!J 1950C 9.50 505-15J 1950-D 6.50 $10 FED. RESERVE 510-8(1 1934C 17.50 510-101 1950 18.00 510-11J 1050A 15.00 510-131 1950C 13.00 $20 FED. RESERVE 520-2D 1928A # $28 33.50 520-3G 1928B 32.50 520-511 1934 29.00 520-15J 1963 23.00 $1 LEGAL TENDER 101-1 1928 # 526 29.50 Nos. under 1,000 # $33 '19 50 Under 5,000 # $28 '13.50 WANTED TO BUY Small Gold Cert.-Gem tTne. only. Territorials: Alaska, Aria., Idaho, Indian, Nebraska, Washington. $1.00 FEDERAL RESERVE SETS 1963 Gran:than-Dillon, 1963.1 Gr::nallan-Fowler Either Set, Both Sets. Complete Sets (12) Superb Crisp 1 ne. Set 2# match all 24# match Complete Set, all 12 Districts 14.95 $15.75 $31.75 Complete Set, all "Stars," 12 Districts 1 5.9.5 21.95 41.95 Both Sets - on all 4S Notes, the last 2 # match. Just a few in stock 69.75 Single Notes, any District $1.60, Stars, each 1.90 WANTED - 200 each 1963A $1 Star Notes - New York & Atlanta. IMPORTANT BOOKS - Postpaid Donlon's "Catalog of Small Sire Notes," New 4th Edition $ 1.10 Kemm's "Official Guide of U. S. Paper Money" 1.10 Shafer's "Guide Book of Modern II. S. Currency" 2nd Edition (uses Donlon Nos.) 1.95 Friedberg's "Paper Money of the United States" New 6th Edition Sten s "Banknotes of the World" Volume I (Aden-China) 174:0500 Volume II (Colombia-Korea) 7.50 Volume Iit & - later this Winter. Order all four Volumes now and we will forward each just as soon as published. Advance order price 28.50 Send Stamp for Lists of World Proof Sets, Mint Sets. Gold, U.S.A. Items. LAY AWAY PURCHASES (Minimum $100.00) Write for details. Minimum Order $5.00 (except Books). Please add 75c for Airmail Postage, Registration, on Orders less than $50.00. Wishing the Season's Best to all our Friends and a New Year filled with Peace, joy and Prosperity. Paper #tenq VOL. 6 NO. 4 FOURTH QUARTER 1967 WHOLE NO. 24 PUBLISHED QUARTERLY BY THE SOCIETY OF PAPER MONEY COLLECTORS Editor Barbara R. Mueller, 523 E. Linden Dr., Jefferson, Wis. 53549 Research Consultant, Obsolete Currency Mrs. C. Elizabeth Osmun Publisher I. Roy Pennell. Jr., Box 3005, Anderson, S. C. 29621 Direct only manuscripts and advertising matter to Editor. Direct all other correspondence about membership affairs, address cnanges, and back numbers of Paper Money to the Secretary, Vernon L. Brown, Box 8984, Fort Lauder- dale, Fla. 33310. 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. Entered as second-class matter July 31, 1967, at the Post Office at Anderson, S. C. 29621 with additional mailing privileges at Federalsburg, Md. 21632, under the Act of March 3, 1879. Non-member Subscription. 85.00 a year. Published Quarterly. ADVERTISING RATES One Time Yearly Outside Rear Cover 837.50 8140.00 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 Issue No. 25 Issue No. 26 Issue No. 27 Issue No. 28 Schedule for 1968 Advertising Publication Deadline Date Feb. 15, 1968 Mar. 15, 1968 May 15, 1968 lune 15, 1968 Aug. 15, 1968 Sept. 15, 1968 Nov. 15, 1968 Dec. 15, 1968 CONTENTS Known and Reported Sheets of the 1929 National Bank Note Issues, by M. 0. Warns 103 A Tenderfoot Tracks Onepapa, by George Traylor 106 An Economic and Numismatic Analysis of Chronic Inflation in Chile, 1880-1960, by Richard A. Banyai 107 Collectors of Paper Money in the 18th and 19th Centuries (concluded), by Dr. Arnold Keller 113 Assistant Treasurer of the United States Silver Certificate 116 Here's Your Answer 116 Bank Notes Engraved by Harrisons in the United States (concluded), by William 1. Harrison 117 The Society of Paper Money Collectors, Inc. Proceedings of S.P.M.C. Annual Meeting 105 Smedley Reminisces About Founding of S.P.M.C. 115 Secretary's Report 126 society of Paper litonq Collector,4 OFFICERS President George W. Wait, Box 165, Glen Ridge, N. J. 07028 Vice-President William P. Donlon, Box 144, Utica, N. Y. 13503 Secretary Vernon L. Brown, P. 0. Box 8984, Fort Lauderdale, Fla. 33310 Treasurer I. T. Kopicki, 5088 S. Archer Ave., Chicago, III. 60632 APPOINTEES-1967-68 Librarian Earl Hughes Attorney Ellis Edlow BOARD OF GOVERNORS-1967-68 Thomas C. Bain, William P. Donlon, Harley L. Freeman, Nathan Goldstein II, Maurice M. Gould, Warren S. Henderson. Alfred D. I loch, Richard T. Hoober, Morris Loewenstern, Charles O'Donnell, J. Roy Pennell, Jr., Matt Rothert, Glenn B. Smedley, George W. Wait, M. 0. Warns. aiiiiiiiiiiiiiiiiiffinfirniiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiinuniniiiinifininimiiilliminiiimmililliiiiiiiiiiiiimillimmummiiiiiiiiiiiiiiiiiiiiiimiiniu.„ == = = =-_-, Important Notice . = E EE = Paper Money Is A copyrighted Publication ---== E = No article originally appearing in this publication, or part thereof or condensa- = • 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== other publications even when condoned by the author. Therefore, authors should = Editorh contact t e for permission to reprint their work elsewhere and to make ar-s.-a- rangements for copyrighting their work in their own names, if desired. Only in this==E way can we maintain the integrity of PAPER MONEY and our contributors. = i = = = 11111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111117 WHOLE NO. 24 Paper Money PAGE 103 Known and Reported Sheets of the 1929 National Bank Note Issues By M. 0. Warns During the past 21 years I have compiled a list of sheets of the 1929 National Bank Note issues known to exist. In this list note that all 48 States and the District of Columbia are represented with either Type I or Type II or both types. No sheets of this issue have come to light from the Territory of Hawaii (Bishop National Bank, Charter 5550) or from the District of Alaska (First National Bank of Juneau, Charter 5117 and First National Bank of Fairbanks, Charter 7718) although all three of these banks are represented in the 1929 National Bank Note issues. The only other outlying bank doing business during this charter period, the Virgin Islands National Bank of St. Thomas, V. I., never did get around to issuing notes as it was the fourteenth from the last of the banks to be chartered before the 1929 period of issuing currency had been brought to an abrupt end in May of 1935 by the newly passed banking law. There is an apparent scarcity of the sheets of the $50 and $100 denominations. Only four of the $50 sheets and three of the $100 sheets have been reported. Three of the $50 sheets and three of the $100 are from three differently named banks in Detroit, Mich., yet all three hear the same charter number. The fourth $50 sheet is on the First National Bank of Miami, Fla. All seven of these sheets are reported to be of Type I. It is of considerable interest to note that the following States are represented by only one city each: Arizona, Delaware, Nevada, North Carolina, and the District of Columbia. This nominates them for the extremely scarce category at this writing. It is well to note in passing that the $10 sheet on the First National Bank of Plainfield, New Jersey, Charter 447 has an inverted reverse. Recently two higher chartered numbered sheets were reported, a $10 and a $20, both on the First National Bank of Tuckahoe, New Jersey bearing charter 14189. The previously highest chartered sheet reported was a $5 value on the First National Bank of De Ridder, La. We now have reported a $5, $10 and $20 sheet, three different denominations in the 14000 charter bracket. Much more is to be learned from the sheets of this issue, as there are many more sheets in the hands of knowledgeable currency students and collectors. It is my desire that in the best interests of research many of these will be reported so they can be included in this authorita- tive reference list. My thanks to the following who have assisted in this effort: K. P. Austin, Ambrose Brown, Dorothy Gershen- son, Arthur Kagin, Aubrey Bebee, Wm. P. Donlon, the late Albert A. Grinnell, Paul Kagin, Abe Kosoff, Tom Settle, F. W. Spencer, Leo A. Young, Harvey Stack, and Benjamin Stack. ALABAMA Charter 3699 Decatur $5, 10 7944) Slocumb 5 13414 Mobile 5 ARIZONA 13262 Prescott 5 ARKANSAS 7046 El Dorado 10 9022 Newark 5 10406 Berryville 5 13632 Lake Village 5 CALIFORNIA 7999 Whittier 5 8065 Azusa 5 10167 Pasadena 5 10387 McFarland 5 13312 Winter 5 13340 Yreka 10 COLORADO 1016 Denver 10 1955 Denver 5 2179 Colorado Springs 5 2622 Fort Collins 10 6238 Colorado Springs 10 6437 Brush 5 7408 Denver 10, 20 8636 Johnstown 10 8752 Wray 10 9997 Saguache 5 12517 Denver 5 CONNECTICUT 2 New Haven 5, 10, 20 4 Stamford 5, 10, 20 791 Waterbury 5 943 Danbury 5 1128 New Haven 5 1216 Middletown 5 13038 Hartford 10 13704 New Haven 5 DISTRICT OF COLUMBIA 13782 Washington 5 DELAWARE 8972 Dagsboro 10 FLORIDA 6055 Live Oak 20 6370 Miami 10, 20, 50 13214 Palatka 5 13320 Brooksville 5 13370 Lakeland 5 GEORGIA 3983 Gainesville 10 7899 Waynesboro 5 9346 Monticello 5 13897 Jackson 5, 10, 20 IDAHO 6982 Idaho Falls 13288 Coure d'Alene ILLINOIS 3214 Peoria 6564 Granite City 8347 Bridgeport 5 9788 Pekin 10 10237 Chicago 10 11737 Chicago 10 13903 Peru 5 INDIANA 17 Richmond 5 872 Knightstown 5 956 Jeffersonville 5 1896 Greensburg 20 13580 Logansport 10 13717 Marion 5 IOWA 792 Waterloo 5 994 Clinton 10 5022 Sioux City 10 8340 Thornton 5 9306 Council Bluffs 5 13321 Des Moines 5, 10 13473 Grinnell 5, 10, 20 KANSAS 3472 Osborne 10 3745 Mankato 5, 10 4642 Oberlin 10 6797 Coffeyville 10 9773 Dighton 20 10041 Oakley 5 13406 Liberal 5 13924 Independence 5 KENTUCKY 11988 Flemming 5 13612 Harrodsburg 5, 10 LOUISIANA 3600 Shreveport 5 13648 Shreveport 10 14168 De Ridder 5 MARYLAND 8244 Brunswick 5 11193 Perryville 5 MAINE 498 Augusta 5, 10, 20 4128 Portland 5 MASSACHUSETTS 421 Westboro 5 789 Newton 5 895 Conway 5 1527 Boston 5 2435 Springfield 5 4907 Springfield 10 13222 Buzzards Bay 5 MICHIGAN 155 Ypslanti 5 1235 Cold Water 5 2714 Ann Arbor 5, 20 5 10527 Detroit 5, 10, 20, 50, 100 10 (First Nta'I Bank in Detroit) 10527 Detroit 5, 10, 20, 50, 100 5, 10 (First Wayne National 5 Bank) VVIONAL t7 U %CV . %mt. — WIVE 124/116.111.1% Pi NAITIORIAIL CV II E MN 1 TAW vii11111".*Wt"*"...Iseeolea • Fr FIST B0000014 WOOL MX * BALDWIN cr WISCONSIN 'VV. H•L•Utti istie,v00-1"41.41W TM HET MINK MK IF BAIDWIN WISCONSIN ev■Ro (4.1•ND 1101.LAHS 0000001A OW/ 4-.41 Tiff PET NATIONAL BM If BALDWIN 0 WISCONSIN 0 FIVE IN ILLAHS E0000014 E0000014 II FIB WM WM* BALDWIN IRKS/WWI MWEINNALANS F000001A e F000001A 0 000001A FIVE 1101.LARS CO 00001 4 PAGE 104 Paper Money WHOLE NO. 24 10527 Detroit 5, 10, 20, 50, 100 (First Nat'l Bank in Detroit) First National Bank NOTE: Due to reorganiza- tions of the above Detroit banks during the 1929 charter period three different hank names appear with the charter number remaining the same. This is unique! 12027 Marquette 5 12561 Evart 5. 10, 20 12898 Dearborn 10,20 13307 Niles City 10 MINNESOTA 579 Rochester 10 8989 Worthington 5 13081 Olivia 5 13486 Litchfield 20 MISSISSIPPI 3430 Vicksburg 5 8593 Moss Point 5 10738 Columbus 5 MISSOURI 260 St. Charles 10 6383 King City 10, 20 7351 Braymer 5 9519 Windsor 20 MONTANA 4396 Helena 5 8589 Whitefish 5, 10, 20 12608 Lewiston 5 NEBRASKA 2978 Omaha 10 7421 Randolph 10 7425 Emerson 20 8823 McCook 20 9395 Grand Island 5, 10, 20 10025 Belden 5 13339 Oakdale 5, 10 13420 Kimball 5, 10 13453 Pilger 5 NEVADA 8561 Ely 5, 10 NEW HAMPSHIRE 808 Lebanon 5 2299 Keene 5 5258 Gorham 5, 10 NEW JERSEY 447 Plainfield 10 9367 Ramsey IC 9867 West Hoboken 5 12977 Woodbine 5 13537 Kearny 5 14189 Tuckahoe 10, 20 NEW MEXICO 1750 Santa Fe 5 6597 Belden 5 NEW YORK 119 Elmira 20 223 Cooperstown 20 280 Cooperstown 20 316 Champlain 5 340 Batavia 5, 10, 20 353 Candor 10, 20 2661 Millerton 5 4906 Babylon 5 7705 Freeport 5, 10 8923 Lynbrook 5 10043 Livingstone Manor 5 0159 Silver Creek 5 0444 Forrestville 10, 20 2892 Brooklyn 5 3149 New York City 10 3237 New York City 5, 10, 20 3393 Syracuse 5 3493 Odessa 20 3590 Callicoon 5 3592 Mamaroneck 5, 10 3952 Buffalo 5 3965 Brockport 10 NORTH CAROLINA 13636 Henderson 5 NORTH DAKOTA 13385 Valley City 5 13398 Bismarck 5 13454 Carson 5 OHIO 3 Youngstown 5, 10 76 Canton 10 1092 Greenville 10 13535 Delaware 10 2524 Cincinnati 5 3157 Wapakoneta 10 5065 Columbus 10 6059 Oxford 5 13490 Washington Court House 10 13832 Portsmouth 20 13922 St. Clairsville 5 OREGON 8036 Forest Grove 10 9348 Ontario 5 9763 Prairie City 5 13903 Bend 5 13299 Portland 5 PENNSYLVANIA I Philadelphia 5 25 Marietta 10 213 Philadelphia 10 507 Lock Haven 5 552 Westchester 10 685 Pittsburgh 5 1233 Easton 20 6301 Pittsburgh 5 6676 Rimersburg 5 9385 Fawn Grove 10 13032 Erie 5 13644 Donora 5 14093 Union City 5 14156 Hooverville 5 RHODE ISLAND 1150 Ashaway 5 1328 Providence 5 SOUTI I CAROLINA 10085 Marion 5 10660 Sumter 20 10663 Chester 5 SOUTH DAKOTA 9376 Selby 5 13460 Britton 13483 Chamberlain 5, 10 TENNESSEE 1296 Nashville 5 10198 Fayette 10 13349 Memphis 10 13539 Knoxville 10 13635 Johnson City 5 TEXAS 8134 Blanco 4525 San Antonio 5 10078 Trinity 5 10274 Aransas 5 10 13315 Edinsburg 5 WHOLE NO. 24 Paper Money PAGE 105 5 VERMONT 9185 Garfield 5 WISCONSIN 10 5 228 Orwell 1195 Middlebury 7267 Bradford 5, 10 5 10 9280 Bremerton 9411 Okanogan 11935 Stanwood 10 5 5 7040 Edgerton 9606 Neilsville 5 VIRGINIA 7709 Petersburg 5 13444 Reardon WEST VIRGINIA 10 10106 Baldwin 13487 Phillips 5 9343 Danville 5 5164 Wheeling 10285 Reedy 5 5 WYOMING 5, 10 WASHINGTON 10480 Albright 5 10844 Lovell 5,10 8064 Wenatchee 5 13627 Richwood 10 11380 Cheyenne 13146 Honey Grove 13428 Clarksville 13578 San Antonio UTAH 1695 Salt Lake City 2059 Salt Lake City 6012 Price 9403 Salt Lake City 5 10 5 5 5 10 Proceedings of S. P. M. C. Annual Meeting The seventh annual meeting of the Society of Paper Money Collectors, Inc. was held on August 11, 1967, at the Americana Hotel in Miami co-incident with the ANA Convention, with approximately one hundred in attendance. Secretary J. Roy Pennell, Jr. reported that the gross membership of the Society had now reached 2,142. After deducting losses due to deaths, resignations and other dropouts, the Society now has 1,534 active members, an increase of about twelve per cent in the past year. He also informed the members that after lengthy negotiations the Post Office Department has accorded the Society second class mailing privileges which should assure faster and speedier service. Mr. Pennell expressed regret that due to pressure of business he was resigning his office as Secretary. Treasurer James L. Grebinger reported a bank balance of $5,434.62 as of June 30. He pointed out that although this indicated a deficit for the year's operations, actually the Society is better off financially than a year ago be- cause more of the routine bills had been paid by the June 30 cutoff date, and our balance also reflected a large payment toward the printing cost of our first book. Mr. Grebinger also expressed regret that he could not con- tinue as Treasurer. Editor Barbara Mueller indicated further improve- ments in quantity and quality of articles submitted for the magazine PAPER MONEY and said that in most issues she had been able to strike a satisfactory balance of subject matter in relation to the various categories of paper money and advertising. She recommended con- tinuance of present policies. Attorney Ellis Edlow presented a proposed amendment to the constitution to help satisfy Federal requirements as to the Society's status as a non-profit organization. Dick Hoober, Chairman of the Wismer Committee, reported that the first book, Florida Obsolete Notes and Scrip by Harley L. Freeman, was now on the market and priced at $4 to members, $4.75 to non-members. Other books well along towards publication include Nebraska, Indiana, Texas and Pennsylvania. Most of the other states are in various stages of development. Maurice Gould, Chairman of the Awards Committee, presented these Literary Awards: 1st—Everett K. Cooper for his article "Confederate Money, A Survey of the Source and Use of Paper" 2nd—Joseph Persichetti for his article "Federal Re- serve Bank Notes, Series of 1929" Honorable Mention: Forrest W. Daniel for his article "The Paper Money Laundry" and Peter Huntoon for his article "1902 National Bank Notes" Mr. Gould presented these Awards of Merit: 1. To Harley L. Freeman for his book Florida Obsolete Notes and Scrip 2. To Barbara R. Mueller for her outstanding work as editor of the Society's magazine PAPER MONEY 3. To Nathan Goldstein II for his unceasing promo- tion of the Society in his column "Paper Money Periscope" Finally, Mr. Gould announced these appointments as Honorary Life Members of the Organization: 1. Mrs. C. Elizabeth Osmun, for her continuing great efforts as consultant on the Wismer Project. 2. Thomas C. Bain, past President of the Organiza- tion. 3. Glenn B. Smedley, former Treasurer. Harley Freeman, Chairman of the Nominating Com- mittee, presented a slate of eight candidates for the Board of Governors to replace those where terms had expired, and to fill some of the vacancies occasioned by the recent increase in Board membership. Another candidate was nominated by the members in attendance, and these were elected to the Board for a two year term: Thomas C. Bain, William P. Donlon, Warren S. Henderson, Richard T. Hoober, Charles O'Donnell, J. Roy Pennell, Jr., Matt Rothert, George W. Wait and Melvin 0. Warns. Hold- over members of the Board are: Harley L. Freeman, Nathan Goldstein II, Maurice M. Gould, Alfred D. Hoch, Morris Loewenstern and Glenn B. Smedley. President George Wait thanked Vernon Brown for his work in making the excellent banquet arrangements. At the meeting of the Board of Governors which immedi- ately followed the General Membership Meeting these officers were elected for a two year term: President George W. Wait Vice President William P. Donlon Secretary Vernon L. Brown Treasurer I. T. Kopicki Paper Money WHOLE NO. 24PAGE 106 A Tenderfoot Tracks Onepapa By George Piercing, hawk-like eyes narrowed, sinews taut, jaw clenched grimly, the hunter senses trail's shadowy end. Through the trees, in the next clearing, may lie the answer to his long quest and tormenting question. Who will be sitting cross-legged by the tipi? Will it be a real Indian Chief, resplendent in quill-embroidered buckskins, long shell earrings and a feathered bonnet with horse- hair streamers and white weasel pendants? Or will it be only the redskinned figment of some artist's imagina- tion, similarly arrayed, but existing only in fancy? The sole clue lies in an educated guess by sincere but misinformed palefaces, indicating that the proud, stern visage adorning F271-281 belonged to Sioux Chief Onepapa. Finally, in the flickering light of the council fire, truth, or at least part of it, will be revealed. The chase is over, and the novice hunter, red-eyed and exhausted, contem- plates the now secured quarry. He takes quill in hand to detail his discovery, and the perils of Indian hunting in 1967. For any whose numismatic meanderings have casually introduced them to our noble Sioux friend, but whose curiosity did not extend past Mr. Friedberg's terse de- scription, this may be, if not inspiring, perhaps interest- ing. While directed primarily to other newcomers (such as I) to the realm of Saddle Blankets, allow me to note in passing that several contemporary authorities in this field also had no earthly idea as to the whys and where- fores of the Chief, other than the sketchy remarks on page 65, Second Edition, of Paper Money of the United States. This book, although an excellent work, invalu- able to all who search the happy hunting ground of our nation's currency, is not infallible. This fallibility, how- ever, should not be disheartening; instead it should be encouraging to us tenderfeet, as will be demonstrated. Since I had never before heard of Onepapa, (in itself not very surprising), the first step in an effort to identify him logically seemed to be the study of some more or less scholarly works, such as encyclopaedias, histories, and books on Indian lore. None contained the merest mention of his existence. Therefore, I sagely concluded that Onepapa was not a famous chief (if indeed a chief at all). So, I decided to press on. The next effort in pursuit of this ghostly redman de- manded great imagination and courage. I wrote the Bureau of Indian Affairs, which promptly forwarded the inquiry to The Bureau of Engraving and Printing, which, having no Bureau to Answer Questions Regarding What We Have Printed and Engraved to whom they might further refer the letter, was compelled to reply. With the astute aid of the Smithsonian Institution, they came up with a relatively adequate answer. In all fairness, this response was polite, well-documented and made no pretense toward disseminating facts not readily verifiable to the writer. It turns out Mr. Friedberg's "Onepapa" was actually none other than good old Tatokainyanka! This name, Traylor translated into our immigrant American, means Running Antelope. "Onepapa," it is explained, was not a Sioux word. but a mis-translation of the name of the Dakota Tribe to which Running Antelope belonged—the Onc- papa, or Hunkpapa. This great tribe, interesting enough, boasted as one of its outstanding citizens the famous Sitting Buffalo or, as he is better known to us, Sitting Bull. To proceed, the "why" of Running Antelope's appear- ance on a Series 1899 $5 Silver Certificate remains a mystery, at least to the present experts of the Bureau and Smithsonian (and therefore to me). Now I will make a conjecture about this "why," which I hope will prove unacceptable to readers of this article, thereby stimulat- ing someone to expose my ignorance and in so doing, furnish numismatics with new and refreshing informa- tion on a subject long considered "cut and dried." Now to the conjecture. Perhaps some conscience- striken Senator, uncomfortably considering the 1890 massacre at Wounded Knee Creek, thought that a Sioux likeness on our regular currency might alleviate "the slings and arrows of outrageous fortune" which had befallen our red brothers. Assuming this, or some similar premise, Running Antelope may have been chosen because of convenience or accessibility. Perhaps he was a guest in some Federal prison. How accessible can you get? Or maybe the Senator's choice was a concession to the local Photog- rapher's Union. An Indian holding a peace pipe and wearing a peace medal certainly offered considerably less risk to the cameraman's scalp than one with knife and tomahawk. Whatever the reason, there is Tatokainyanka in all his dignified glory, deserving better than the un- dignified misnomer under which he has gained recogni- tion. After all, if "Onepapa" interpreted as "one having a single father," the name is certainly less than distinctive for a worthy warrior, since this parental situa- tion is common to many. Likewise, should its meaning he taken as "being a papa only once," it is hardly in keeping with his manly appearance and ethnic reputation for virility. Although this tenderfoot's trek is ended, not in the Woodlands of the Great Lakes, where Running Antelope's fellow Sioux ranged, but in the marbled halls of Wash- ington, there are still trails to be blazed. Why was a Sioux selected. and why Tatokainyanka in particular? What were the features of his life and experience? Why was his the only Indian portrait to ever embellish a United States paper money issue? Was he a chief, or just another Indian? These and doubtless many other considerations remain undefined for this beautiful note. So, despair not, fellow frontiersmen. There are other paths to follow, other wildernesses to explore. Put on your moccasins, take trusty flintlock in hand, and for those fortunate enough to survive the rigors, perhaps there awaits a coonskin cap, emblazoned with the ANA medal of merit, or maybe even a string of wampum for your type set! WHOLE NO. 24 Paper Money PAGE 107 An Economic and Numismatic Analysis of Chronic Inflation in Chile, 1880-1960 By Richard A. Banyai INTRODUCTION PART I. The Latin American nation of Chile for well over eight decades has experienced chronic inflationary pres- sures. Indeed Chile's monetary history is an interesting study from the viewpoints of both the economist and numismatist. The specialist in Latin America will also find this paper of interest especially regarding the charts in Part II, which reveal the components of Chile's money supply for this particular period. The map herewith depicts Chile's location in South America. Chile has been described as the long land. In the following excerpt from his book, Carleton Beals has described Chile well: 70• SEA A CA xra,sAN '`., SEA 1° "*.. CA h..... ,PPR CARACAS tacilp A Tiitirivr4 v E Ng A ....." k,Id ., LORGETOWN ';',„ 4.' Z *ARM LOMB1 7 ' 13fi,,,, A A.";CEAN A a T IC ' ' • 71:. Villiiiirkliblpprir IF jil I:: ft •` %.7111, mee 53mpp. fia. llir , 33 R A Z r Lit Ming .. e 0 L I L I p 4.• 0 • • TN, 0* CIPIII[P• C .. . L t, .. , AM. p. • . I 6L,"• ,s ,s,s,op,, .n" 1 •LJANSIRs 4, 4.4 , I. :CI,. 0 ,, 4 0 , O1 pen , ...Mk CI r .. .. Ct14Zoss." um a .4 SCENOSma. 1 i 0 F 'RUCUS :,,, ...r ..1 PLEV1010..k.... .e I / ..... SOUTH AMERICA Soled Wm 0 100 300 500 1300 • Capatal ‘ ,,,, iiiIV ,,,v...,„,.. 'itt ?- NA BO' Longitude 70. •Wrst 60• from Green Rh 10 South America is shaped like a man with a big paunch. The paunch is Brazil, sticking out toward Africa. Chile is the lean meat along the backbone—the great spinal column of the Andes. Chile also provides one of the legs of the manshaped continent. The toes stick out into the icy South Seas, and the big toe is blunt Cape Horn, a rock cliff on the southernmost island of the Tierra del Fuego— Fire Land—archipelago. Thus Chile is a long thin land. 1 t is a narrow ribbon of crisscross valleys and mountains, deserts and forests, lakes and fiords, that stretches nearly three thousand miles from torrid zone to the sub-Antarctic, from heat to snow, from sea level up to the world's highest peaks outside the Himalayas. ( I, p. 1*) The first section of this paper will cover Chile's early monetary history up to 1931. The second section will cover the period from 1932 to 1960 which, in the writer's opinion, is the most interesting and most important in Chile's financial history mainly because it is an era of chronic paper currency depreciation. In both sections of this paper there will be specimens of the private, Treas- ury, and Central Bank of Chile issues of paper currency. The specimens of paper currency are products of the periods and events under discussion and form an integral part of this paper. The early history of finance and banking developments in Chile up to 1879 reveals no abnormal trends, that is, no severe monetary upheavals. In contrast to its later strong propensity toward inflation over many decades, Chile long enjoyed a unique reputation among Latin American countries for financial stability. For several decades after independence, the landowning elite, which dominated the country's political life throughout the 19th century, was strongly opposed to anything but metallic currency. One Finance Minister exclaimed in 1824 that bank notes convertible into specie would be admitted "only at the point of the bayonet. The person who dared propose it would be looked upon as a dreamer, a tyrant, even a heretic." The "calamities suffered" by other Latin American countries (which were also politically far less stable than Chile in the period after 1830) because of excessive issues of paper money were important at that time in causing Chilean authorities to show prudence in monetary matters. With the expansion of commerce, the idea of a governmental bank of issue was much discussed in the 1830s and 1840s but it was finally rejected because of widespread fears of mismanagement and inflation. The right of issue granted in 1849 to one bank, The Banco de Chile de Arcos y Cia., was withdrawn the following year upon public protests and an adverse decision by the Supreme Court. The needs of the growing economy for means of pay- ment and the distrust of governmental economic activi- ties or regulation combined in 1860 to produce a bank- ing law which established the principle of free, almost wildcat, banking. Private banks of issue were permitted * Numbers in parenthesis refer to reference and page numbers. Paper Money WHOLE NO. 24PAGE 108 I s4.411, .4 Vim 411014 A A ‘1 , 1% r0 4411 Af.40 41113111 X lir* 4111 1 41111M AS 11•1111010 111:012114 .P? 4 1.11i..NC0 01). Ali .1" .♦1 ftoo IF 444140 .'''' , i • !;•n. t. • fox, • :4 t W","",47. 1".•'. 14 fal 1:4 4.4 4, • Twenty peso notes of the private banks of D. Matte & Co. and the Bank of Curico. (American Bank Note Co. engraving) •iit, AI 21,14 4111C+:45116. tX.-41C REP'11BLICApErifi1E POP taqi ata lei „ft; 1." -Aziesr,A, I;(1 - 4*. • - WHOLE NO. 24 Paper Money PAGE 109 to operate subject only to the provision that the right of such banks to issue notes would be limited to 150 per cent of their capital. The legislation "fixed no minimum capital requirement, no limitation on the nature or maturity of loans, no reserve requirement against either deposits or notes, and no provision of any kind for supervision or inspection by the government." (9, p. 164) A few commercial houses had small banking facilities to complement their regular business. Before 1860 a small volume of notes had been issued occasionally by some of these houses. But paper money was not in gen- eral circulation until after 1860, when the first general banking law was passed. Even then issues were small at first, since there was no developed banking system to take immediate advantage of the new law. The banking law contained few restrictions on note issues. Only denominations of 20 pesos and over could be used, and note liabilities of any bank could not ex- ceed a fixed proportion of its capital (noted above). (6, p. 7) This particular law existed until 1898, when the privilege to issue notes was taken from the banks and given exclusively to the Chilean Treasury. The inflation started in 1879. Private banks had been encouraged to increase their note issue in order to lend to the government. The rise in prices this produced led to a severe drain of gold and silver; in order to prevent the failure of the banks, specie payments were suspended. (6, p. 7) During the period 1878 to 1895, there were governmental efforts to return to the metallic standard by withdrawing Treasury notes and raising the value of the peso relative to the British pound sterling, which was the international standard at the time. With re- markable insistence, one conversion law was piled on another from 1892 on until one adopted in 1895 finally proved workable, at least in the short run. (9, p. 170) From 1878 to 1894, many of Chile's internal disorders were traced to paper currency. The suspension of specie payments was treated as a disease. A nation aspiring to self-respect, dignity and prestige simply could not pollute its currency as was the case since 1878. The intensity of feeling was noted by an observer in 1894, shortly before the conversion: The President of the Republic has paper money in horror. His firmest intention is to restore metallic circulation. He would consider well worth while the sacrifices, dis- appointments and bitter experiences which the exercise of power brings with it if, upon returning to his home (at the end of his term), he had the satisfaction of saying that he has suppressed the inconvertible paper money and given back to the country the normal monetary system. . . . . (9, p. 171) Thus the country plunged into the 1895 conversion, probably one of the most disastrous monetary operations of all time. In 1893-94, the average quotation of the peso had been 14d. (British pence quotation). Re- valuation to 18d., coming on top of a still falling world price level, inflicted a sharp contraction on economic activity. The peso was hardly ever quoted above its gold export point, and a specially contracted stabilization loan of two million pound sterling was rapidly dissipated. Moreover, there was continuing heavy domestic demand for gold. A run on the banks in 1898 put an end to the unfortunate and futile episodes. (9, p. 172) One peso Treasury note of S January 1899. Overprints are "Direccion del Tesorero" (Office of the Treasurer) and "Superintendencia de in Casa de Moneda" (Super- intendent of the Mint). This issue was theoretically convertible in gold according to the law, "convertible en oro por El Estado conforme a la lei." (American Bank Note Co. engraving) The conversion was a failure. The gold value of the paper peso was set at 18d. at a time when the exchange rate (the price of pesos in terms of sterling) was in the vicinity of 6d. The result was a rush to convert pesos into sterling, a deflation within the country, business failures and unemployment. By 1898, the country had returned to the lesser evil of inconvertible paper money and inflation. (5, p. 390) The year of 1902 was set as the next possible attempt at convertibility. This plan did not materialize. The decade before the first World War was one of business expansion for Chile. It was, so it would seem, a case of the monetary authorities catering with zeal and flexibility to the needs and mood of the business community. Of course, the complete failure of the authorities to exercise some con- trol, to put on the brakes or to "lean against the wind" still requires some explanation. But it is best accounted for by the peculiar political structure which the country had given itself after the Civil War (1891), with its weakened presidential powers and its eternally and rapidly rotating cabinets. From 1891 to 1915, the aver- age tenure was four months for the Cabinet and only three months for the Finance Minister. As a result, lack of initiative was the rule, and the government was run by an amiable clique of decision- avoiders whose attitude has been epitomized by one of its most prominent members, President Barros Luco, in the immortal saying: "There are only two kinds of prob- lems, those that get solved by themselves and those that PAGE 1 10 Paper Money WHOLE NO. 24 defy solution." Thus, after the scarring experience with the gold standard the essential characteristic of monetary policy was drift, rather than a carefully hatched plot. (9, p. 173) This period was one of inflation (1904-07) and hard- ship for the Chilean wage earner. The Valparaiso earth- quake of 1906 did not help matters at all. The re- construction projects added to the monetary problems. Thus the period 1895-1907 which had started with a serious deflation ended with highly disruptive inflation. After this episode monetary conservatism was the only logical alternative. Plans for a Central Bank of issue, put forth by a commission of experts in 1912-13, backed by the government almost materialized when World War I broke out and had to be suspended by Congress. The World War I period was profitable for Chile's economy. This is attributed chiefly to the growth of the nitrate trade to meet the war demand for explosives. Herein is a chart showing essential figures of Chile's nitrate trade: Exports of Nitrate from Chile, 1910-17 (000's omitted) Year Quantity (tons) Value in Gold Pesos of 18d. Per Cent of Total Exports 910 2,336 232,426 71 911 2,449 262,003 77 912 2,493 286,704 75 913 2,738 314,909 80 914 1,847 212,380 70 915 2,023 232,679 78 916 2,967 338,529 67 917 2,798 475,819 68 (Source: 11, P. 440) The nitrate trade accounted for about three-fourths of exports during the period, a sizeable amount of trade indeed. Copper also was a major export item of Chile. This, too, experienced a remarkable growth under war conditions. Herein is a chart depicting copper exports. Exports of Copper from Chile, 1910-17 Year Quantity (tons) Value (pesos of 18d.) 910 37,804 26,630,704 911 34,587 20,501,183 912 40,897 33,550,041 913 41,323 30,894,566 914 45,227 31,891,726 915 53,587 45,409,745 916 71,904 86,639,941 917 78,183 104,413 Source: 11, p. 443) Generally, Chile had a favorable balance of trade to its credit. The influx of foreign exchange added strength to the value of the peso. This chart shows the favorable trade balance: Chilean Balance of Merchandise Trade, 1910-17 (Thousand Gold Pesos [Peso=18d., or U. S. $ .365.1) During this period there was an appreciation in the value of the Chilean peso mainly due to the strong de- mand for the peso to pay for nitrate exports and also the heavy influx of foreign exchange. The foreign im- porter of nitrate would bid in the market for peso bills of exchange, thus driving up their price in terms of foreign currencies. A slack in nitrate or other exports would generally have reversed the situation. Since Chilean exports are few, there is less demand by foreign- ers for pesos to pay for Chilean exports. Therefore on these conditions the market price of pesos drops. In Chile foreign exchange is bought and sold for paper pesos. The value of the peso, and hence the rate of exchange of bills, depends on a number of highly un- stable factors-on the quantity of paper in circulation relative to the domestic demand for money, on rumors as to the probability of the conversion of paper money into specie at some fixed date, on the degree of con- fidence reposed in the government, and hence on political changes, political gossip or scandal, a controversy in Con- gress or a political attack in the press. (11, p. 445) This condition of unstable currency goes back into the 19th century. The present system began with the law of July 31, 1898, which authorized the emission of 50,000,000 paper pesos. At the same time all bank notes previously issued were taken over by the government. Since 1898 the quantity of paper in circulation has been increased to 159,840,119 pesos (up to December 31, 1916), of which 150,000,000 have been emitted under the act of 1898. The law of 1898 provided for a con- version fund, by means of which the conversion of the paper money into gold at the rate of 18d. per paper peso was to begin January 1, 1902. Conversion was postponed, however, until 1905, and before that date was reached a further postponement to 1910 was announced, and then to 1915. Meanwhile, the gold value of the paper peso, as indi- cated by the rate of foreign exchange, after maintaining a relatively high level through 1904 (about 16.5d.), de- clined gradually, and for the period 1908-13 ranged between 9.6d. (the average for 1908) to 10.8d. (the average for 1910). On the outbreak of war, exchange fell still lower, reaching 7 1/32d. in January, 1915, a depreciation of 61 per cent from the statutory par. Conversion was again postponed to January 1, 1917, and then to January 1, 1919. In the summer of 1918, with exchange at 16-17d., there appeared to be a strong prospect that specie payments would this time be at- tempted, at the par rate of 18d. named in the law of 1898. This prospect was strengthened by the consider- able inflow of gold in 1917. Notwithstanding the reluct- ance of the nations at war to part with gold, Chile secured their consent to considerable shipments of specie, especially from the United States, as a condition of sale of nitrate. (11, pp. 446-47) Herein is a chart of specie Year Exports Imports Balance flows in and out of Chile during this period. 910 911 912 913 $328,827 339,409 383,228 396,310 $297,486 348,990 334,455 329,518 $+ 31,341 - 9,581 + 48,773 + 66,792 Chilean Imports and Exports of Specie, 1914-17 (Gold Pesos of 18d.) Year Export Import 914 299,675 269,757 + 29,918 1914 15,671 3,686,884 915 299,591 153,212 +146,918 1915 40,357 1,035,724 916 505,963 222,521 +283,442 1916 34,958 30,543 917 703,544 355,077 +348,467 1917 522,507 16,446,805 (Source: 11, P. 443) (Source: II, p. 447) Paper Money PAGE 111WHOLE NO. 24 Yi///,////z1;i2_,4_. / /7 /21.)/////i.;7/1/ /.// // 4/ ' 31 ile•,k,nara.de 1918 SANT I AGO // P1141e4r7Alit 410:441k#0 et 4 4* r. 4:4:4 // / / //////. / ••■• swim ;a lied/a (X; ///e/Wle &MAW) f '7; 2t; 4e It to 1918 *A4bil5F.41CVZBEitV Two varieties, five peso Treasury notes. The top issue of 31 January 1916 is an American Bank Note Co. engraving and the bottom issue of 20 June 1918 is a Waterlow & Sons Ltd. engraving. Both issues are overprinted "Direccion Del Tesoro" (the Treasury Board of Directors) and "Direccion de Contabilidad" (Accounting Office). In addition to these gold imports the Chilean govern- ment had collected (prior to the war) a gold fund with which to undertake the conversion of the 160 millions of paper pesos in circulation. At the end of 1916, this fund amounted to 87,759,702 pesos (gold), and was deposited in banks of foreign countries, as follows: (Gold Pesos of 18d.) In England 48,765,770 In Germany 22,225,687 In United States 3,124,605 87,759,702 By March, 1918, the conversion fund had grown to 94,000,000 pesos (gold). (11, pp. 447-48). With the war over, Chile's currency resumed its fluctuation of value mainly in a downward direction. The unnerving instability of the country's currency was taken as symptomatic of the incapacity of the traditional ruling groups to govern. It contributed to the sweeping victory of the Liberal Alliance, and anti-oligarchic coalition headed by Arturo Alessandri, in the parliamentary and presidential elections of 1918 and 1920. °TEN, VS89°I itiar.4°4.4) O41}-'1111, ". emee 0177. ;; arit.: :IS 4‘ it Pt' tf DinaLARS ) PAGE 1 1 2 Paper Money WHOLE NO. 24 Two peso Treasury note of 13 April 1925; engraved and printed by Treasury Department. The circular overprints state, "Dirrecion Tesoro" (Treasury Board of Directors) and "Direccion de Contabili- dad" (Accounting Office). This issue was theoreti- cally convertible into gold by law, "convertibles en oro por El Estado eonforme a la lei." The new President was pledged to restore the stability of the currency by linking it to gold. On the other hand, he adopted the old papelero (advocate of paper currency) project of a government-owned Central Bank which fitted in with his conception of the state's responsibility for economic and social order and which was by now also endorsed by international and orthodox opinion. This program was quite popular because the middle and working classes had become convinced that paper money was a capitalist plot. Nevertheless, as the Senate was dominated by a majority hostile to his govern- ment. Alessandri was unable to get this or any other substantial part of his program through Congress until exceptional circumstances gave him virtually dictatorial powers in 1925. (9, pp. 174-5) The year of 1925 was a milestone in the monetary affairs of Chile. There was an economic mission sent from the United States to Chile in July of 1925 to analyze the chaotic financial situation and offer a solution. This mission, the Kemmerer Mission, offered a solution which was enacted by decree-laws from August to October of 1925. It set up a Central Bank controlled, at least in theory, by the bankers and safely out of the hands of the government, and restored the gold standard with the gold equivalent of the paper peso equal to (the gold equivalent of) 6d. (5, p. 390) This convertibility lasted only to 1931 and was followed by a persistent inflation. Part II deals with the chronic inflationary problem of Chile from 1932 to 1960. The paper currency issues after the establishment of the Central Bank of Chile in 1925 bear the inscription "Banco Central de Chile" instead of "Republica de Chile." The "Republica de Chile" inscription was on paper currency issued by the Treasury of Chile before 1925. Before the Central Bank had been set up, all note issue was a liability of the Treasury and additions to the money supply generally depended upon government de- ficits financed by such issues. But the new Bank took over all note liabilities and had the authority to lend to commercial banks and to the public as well as the Treasury. Thus inflation could proceed independently of government deficits. (6, pp. 9-10) (To be continued.) 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 denominationa Is, Kirtlands, topicals ; Colonial, Continental ; CSA, Southern States notes and bonds. Also have duplicate Western rarities for advantageous trade. JOHN J. FORD, JR. 176 HENDRICKSON AVE., ROCKVILLE CENTRE, N. Y. WHOLE NO. 24 Paper Money PAGE 1 1 3 Collectors of Paper Money in the 18th and 19th Centuries By Dr. Arnold Keller (Concluded from PAPER MONEY No. 23, Page 78.) In Germany most of the collectors came after the Austrian pioneers. The first known was F. W. A. SCHLICKEYSEN, co-author of the lexicon of numismatic abbreviations called "Schlickeysen-Pallmann." The first secretary of the Berlin Numismatic Society, he lectured and showed his collection of French assignats, mandats and billets de confiance on July 9, 1846. He also spoke of the numerous forgeries made for political reasons and wrote on the printing-firm differences of the Erfurt 1813 issue. He died in 1871. ADOLF JUNGFER (1835-89), a Berlin coin dealer and expert who wrote in journals of the time under the name "Miinzbold," owned the oldest-known German note, a Massfeld in Meiningen 1622 three groschen. It later went into the Berlin coin cabinet. His collection of some 900 different was sold in June 1890 by Adolf Weyl. Sedlako- vich and later Pfliimer obtained the Polish and Latin- American notes. A lawyer, v. SCHIMMELPFENNING in Bartenstein (East Prussia), studied and published documents about the history of the Prussian notes which were later used by DR. NICOLAUS in his work on the same subject. A bro- chure by Prof. Ehmcke reproduces a note that has an owner's mark "V. S." proving that it came from v. Schimmelpfenning's collection. LUDWIG CLERICUS (1827-92) collected paper money only a short time but with great success. After a study of law and the arts, he edited several publications, in- cluding an art journal Pallas and the German Engravers Journal. After amassing 1,800 notes from all countries, he published a series of articles about the development of printing paper money in Graphische Kunste in 1887. He unsuccessfully tried to organize paper money collec- tors. His collection was sold in 1892 to the German State Printery but was subsequently destroyed in the air raid of Feb. 3, 1945. Still another important figure but from a different point of view was ADOLF HENZE. From 1865 to 1877, he published a sort of "counterfeit detector" in which he listed all new issues of notes and the terms of redemp- tion, so that merchants could redeem their notes in due time. Perhaps it is his fault, then, that so few old German notes remain! However, it is only through his journal that we know of many notes, for he reproduced them (in reflected image to foil counterfeiters). Un- fortunately, he habitually gave the date as the day of real issue instead of the date printed on the note and listed later printings of the same issue as new issues even when both were identical. He also published a large picture reproducing all current European issues. His work ended with his death in 1883. Poland could boast of two remarkable collectors. The COUNT HUTTEN-CZAPSKI (1828-96) studied in Moscow and later became the service governor of Novgorod and vice-governor of Petersburg. In 1894 he founded a museum for Archeology and Numismatics in Krakau and wrote a catalog describing its notes up to 1863. The second Polish collector was HENRYK BUKOWSKI (1839-1900). Because he participated in the Polish rebellion of 1864, he was forced to emigrate to Sweden. There he dealt in art, coins and archeological objects and held about 130 auctions. Under the nom-de-plume "H. Bi." he published a catalog of Swedish and foreign notes. Henryk Bukowski Notable among Danish collectors was H. J. LYNGE (1822-97), a well-known book dealer. He founded a scientific antiquarian society. At his death his house was the most remarkable in Scandinavia, for he was a collec- tor in the grand style. His collection of paintings about the history of Denmark was given to the Frederiksborg Museum, while all his other collections, including paper money, were sold in ten auctions in 1898-99. JOH. G. GUILDAL, a Danish manufacturer, acquired the collection of a Gen. Major C. T. JORGENSEN in 1901. Guildal wrote extensively for Scandinavian numismatic journals. A third great Danish collector, LARS EMIL BRUUN (1852-1933), collected coins as a young trade apprentice. He made a fortune in the wholesale export Lars Emil Bruun Hans Hildebrand Paper Money WHOLE NO. 24PAGE 1 1 4 butter trade and bought extensively at the Lynge sale. He willed his collections to the Royal coin cabinet. Sweden had two great numismatists who were official, not private, collectors. The first, HANS HILDEBRAND, was the son of a Swedish state antiquarian and succeeded him in 1879. He wrote a book on Swedish coins of the Middle Ages. His last work was "Sedelsamlingen i Riksbankens Myntkabinett" (collection of notes in the Riksbank coin cabinet), in which he described and partially reproduced 1,457 notes. He died before the manuscript was completed and his successor, OSCAR MONTELIUS, finished it for publication in 1915. Montelius (1843-1921) also specialized in research on prehistoric North and Central Europe. Oscar Montelius England's great author of paper money books was MABERLY PHILLIPPS, who was born in 1838 into a family of minor officials of the Bank of England. He, too. served the bank, and wrote a huge volume called A History of Banks, Bankers and Banking in Northumber- land, Durham and North Yorkshire giving detailed ac- counts of 76 local banks and reproductions of their notes. His collection of 800 different notes was given to the London Institute of Bankers. A mysterious collection made the headlines in Septem- ber 1937. Called the AVONMORE COLLECTION (from the street on which its supposed owner, Fred E. Catling, lived in London), it was allegedly stolen from the steel safe in which it was kept. The notes were mounted in Paper MoneyWHOLE NO. 24 PAGE 115 Adolf Meili 110 leather-bound volumes. No thief was found but restitution was made by mail. The number of notes involved was said to be 70,000! Three generations created the collection, beginning with the grandfather, who was an engraver. Little interest in paper money was early manifested in Italy, although coin collecting was popular. The first publication about paper money was written by ISAIA VOLONTE in the Rivista Italiana di Numismatica 1908. It was followed by 40 years of silence. Americans, of course, know the work of David C. Wismer, the old master of U. S. paper money numis- matics. A Latin-American pioneer, less well known, was ADOLF MEILL (1839-1907). This Swiss-born business- man worked in Trieste and Tabriz, Persia, before be- coming a partner in a firm in Brazil. In that country he served as Swiss Consul at Bahia. While there he col- lected Portuguese and Brazilian notes and coins. His thousand-note collection served as the basis for a German- language catalog, fully illustrated. For this work he received an honorary degree from the University of Zurich. He willed his collection to the Landesmuseum in Zurich, which in 1935 sold it to Brazil. In addition to the individual European collectors, many institutions such as the London Bankers Institute and the Ashmolean Museum at Oxford collect notes along with coins. The Austrian coin cabinet in Vienna at first bought only single pieces but later bought the A. M. PACHINGER collection of Austrian notes. Thus when the flood of World War I inflation notes swelled, the cabinet collected them and finally published, in 1918, a completely illustrated synopsis of all issues with dates of issue and quantities. Smedley Reminisces About Founding of S. P. M. C. At the time that Director Glenn B. Smedley received a life membership in the Society (see Page 105), he told how he assisted in the birth of this organization. At the 1960 ANA convention he arranged an informal luncheon attended by a dozen paper money collectors who discussed the idea of a Society favorably. Prior to the 1961 ANA convention in Atlanta, he arranged for a meeting there, inviting those who were at the Boston luncheon and others from whom he had heard in the meantime. It was at the Atlanta gathering that SPMC got under way formally. "I shall never forget receiving an invitation from Blaise Danton to a party at his home the very evening the meeting was supposed to be held," Mr. Smedley reminisced. "He solved the problem simply: 'Invite all your paper money collectors to the party and hold your meeting here.' We did, and it was a never-to-be-for- gotten evening." Did You Know That — Four different types or colors of Treasury Seals ap- pear on $1, $5. and $10 Silver Certificates within a five year period between 1886 and 1891. They appear as small red, plain; large red; large brown; and small red, scalloped. Michael B. Kromeke STATEMENT OF OWNERSHIP, it''''' MANAGEMENT AND CIRCULATION I c „, — , ,..e or raord4 ate co empc•rioN 10-667 3 tl Paper Money I Wawa., or Issue Quarterly Federalsburg, Maryland s LOcanoro co TNT no•cOuarmas Oa CaNtra■ luSiNISS oe, rx 7. tUIII.M.5 ,. • P.O. Box 3005, Anderson S.C. 29621 ( South ,subuffie St. ho t) 6 •NO •DORT SS S 0, NJMIS 1 DOOR • Gi DI OR J.Roy Pannell, Jr., P.O.Box3005, Anderson, S.C. 29621 Miss Barbara Mueller, 523 E. Linden Dr. •Jefferson Wisc adOWNER III •uo.1 Iry • r•Ovralys• as R.... sod adalnro lam, lo. "woo/ sod oho immedtarely Om..., ihe name] awl al- moos of dos motmaimal •••■•■ MIMI le• ,.... If Duo./ by • poorberrsInft or *Ow oolocorporwo, firm an Ramo wed adsins,.., roll . s s 4.0 y ...h ,..k...i.../ .. Iv,. I NM. .0.455 The &octet of Paper Money Collectors P.O. Box 3005, Anderson, S.C. 29671 I II:MOWN •ONDISOLDE•S MO•TG.OKS. AND OTHER 01 ma, mocro.ces Oa ONet• slNenes ,q n‘tro UMW,' ROOM OWNING OR MOLDING I •C•, OR ASO. Of TOL. ARMY. an mum go took, AM*more WNW TOR ca.MSnow DV NONP•ORT owAmtAnoNs AITNONZIED TO MAR AT SHOAL 14113 Orr.. 1.12 l/1 Poaal Mamma/ ,C/No■ me, 2A:1=1.■7::•"aZte:::;:r%Vr:::!:.t..: ❑ :e::42 ❑ "...7.,172=4 Arer‘zatr4;:; ':!rZ:: NI WIN, Al. NATURT Of CIRCULATION 72gWaP.,`,47,7Z'. ob.ole• 1e,mtr.17-–cm– • • ID. ND 07171. 'MATO N. Neu 4.1 7,000 1,000 . .1". sTaT7....... au.. AND <MORS SIMI MOM. AbIR 401000•1 WAS , ...,,, ,,,•,,,,,,,,,, 1,510 1,597 4. TOM ■041 COORATION 1,510 1,597 • m• •• ,••ee• , ...-,•4•• P../.., re AWL CAN. . OW. WA. 38 43 a KRAL ersnounoN (Sam .1 P •••• 0, 1,542 1,640 452 360 2,000 2,000 "..?"'''' , ..1=1;,...,.. the stmensmis made by me above ,re cone.. pi. fr_ x.„.7 /...,,,,,,,,.,...e,,/,,Av, PAGE 116 Paper Money WHOLE NO. 24 Assistant Treasurer of the United States $10 Silver Certificate An article under this title was written by M. H. Loewen- stern for PAPER MONEY No. 22, Page 46. It provoked considerable attention from Theodore Kemm. He and Mr. Loewenstern finally consulted William A. Philpott, Jr., for his authoritative opinion. The following notes are the conclusions drawn from the resultant corre- spondence: Mr. Kemm found listings and mention of these early notes in $10, $20, $50 and $100 denominations as countersigned by the Assistant Treasurer and payable in New York in these reference works: John J. Knox, 1884, Page 152; George H. Blake, 1908, Pages 18-19; Wayte Raymond, 1954, Pages 25-26; Robert Friedberg, 5th edition, Pages 72, 73, 75, 77, and 79. Mr. Kemm also remarked that the 1878 notes have hand-signed countersignatures, while the 1880 issues have the countersignatures engraved into the plate and printed in the same manner as the signatures of the Register and Treasurer. Mr. Loewenstern adds that only 227,400 notes were printed in the $10 denomination for the 1878 series. The amount outstanding in 1893 was only $17,343. No sta- tistics are available after this date as all the various series figures were subsequently lumped together. He adds these descriptive features of the note shown in the article in our issue No. 22: The seal is approxi- Here's Your Answer One of our members who is rather new to the hobby. Mr. William K. Bish, has asked some questions which may seem elementary to the old timers, yet puzzle the novice. They are: 1. What are the relative advantages and disadvantages of the various paper money holders and album sheets on the market? Has anyone ever proved scientifically that the vinyl pages will damage the notes? Why do so many "experts" prefer the acetate to the vinyl? Is it only because of the rigidity of the former? 2. What is the attitude toward washed paper money? How is it graded? Do collectors still wash soiled notes? What is a foolproof test for identifying a note that has been washed? Did some series and classes of U. S. paper money stand washing better than others? 3. Moving into the always-controversial area of grad- ing, does there exist an analysis of the various series of notes that vary in uncirculated condition? For ex- ample, Donlon's information on grading as published in his catalog of United States Small Size Paper Money includes the statement, "A so-called 'clean and crisp' note is not necessarily a new note, and some series of notes absolutely new appear to lack crispness due to different grades of paper used in printing currency." Just what are those series that lack crispness? The goal of this column is to obtain a consensus of opinion. Please let us have yours; a post card will do. mately the size of a half dollar; the ink is brownish- black, similar to Fr. 289. There are four colors: the bottom third is light blue; the seal is red; the serial number, dark blue; and the background, brownish-black. Mr. Philpott emphasizes these points which seem to be in confusion: All "silvers" payable in New York were drawn on the Assistant Treasurer in that city. Those countersigned by Wyman were payable in Washington and, of course, to the Treasurer there. The differences between the countersigned notes are in the seals and overprinted denominations. Three- signature note seals are smaller, in red ink with rays on the edge and the denomination spelled out in large type at the bottom of the note. The two-signature note seals are larger, in brown ink, have no rays on the edge, and have a large X and XX for the denomination at the bottom. The three-signature notes, without exception, show the key in the Treasury seal pointing to the right (an error found only on these notes). The three-signature silvers $10 (Fr. 283-286), $20 (Fr. 305-308), $50 (Fr. 323-324-a) and $100 and (Fr. 336-337-a) are all excessively rare. Today they are to be found only in well known collections. WE BUY AND SELL LARGE SIZE U. S. PAPER MONEY WANTED: Choice Condition and Scarce Large Size Notes Only. SEND LIST FIRST, WITH CONDITION AND PRICES. L. S. WERNER 1270 Broadway, New York, N. Y. 10001 Phone LA 4-5669 SOCIETY CERTIFIED PROFESSIONAL NUMISMATISTS ASK YOUR FRIENDS ABOUT US WHOLE NO. 24 Paper Money PAGE 1 1 7 Bank Notes Engraved by Harrisons in the United States By William J. Harrison (Concluded from PAPER MONEY No. 23, Page 83.) CHECK LIST OF NOTES ENGRAVED BY HARRISONS Abbreviations used in descriptions listed in usual order of appearance. P—plate letter if any. L—left end. V—main vignette. R—right end. S—actual signature or imprint of engraver or printer. STATE Delaware CITY NAME OF BANK Date Denomination Description Dover The Farmers Bank of The State of Delaware 1807 $3 P-C. L-Delaware. V-Farmer with scythe. R-blank. Delaware Wilmington District of Columbia Alexandria District of Columbia Alexandria 1827 $5 P-B. L-Delaware. V-Plow and harrow wreathed with corn stalks. S-Harrison sc. The Bank of Delaware 1818 $10 P-Q. L-Ten. V-Cow standing in stream. R-blank. S-W. Harrison sc. The Franklin Bank of Alexandria D. C. 1817 $50 P-F. L-Fifty 50 Dolls. V-Spread eagle with shield, plantation and farmers harvesting in background. R-Fifty 50 Dolls. S-W. Harrison sc. Philad. The Merchants Bank of Alexandria 1815 25c L-Twenty five cents. V-Sail boat on river, two men fishing on bank. R- twenty five cents. S-W. Harrison sc. Philad. 1815 $3 L-Three. V-Man standing in row boat tipping his hat. R- Three. S-W. Harrison sc. Philad. 1815 $5 P-A. L-Five. V-Two sail boats and row boat on river. R-Five. S-W. I larrison sc. Philad. 1815 $5 P-B. (Same as plate A above) 1815 $5 P-C. (Same as plate A above) 1815 $5 P-A. L-Five 5 Dols. V-Man loading kegs on one horse cart. R-Five 5 Dols S-W. Harrison sc. 1815 $5 P-B. (Same as plate A above) 1815 $5 P-C. (Same as plate A above) District of Columbia Alexandria 1815 $10 L-Ten TEN Dols. V-Sailing ship, light house in distance. R-Ten TEN Dols. S-W. Harrison sc. 1815 $10 L-TEN. V-Two sailing ships, two men in row boat. R-TEN S- W. Harrison sc. Philada. 1815 $20 P-A. [-Twenty 20 dollars. V-Ceres reclining on cornucopia, ship in background, eagle over shield. R-Twenty X X Dolls. S- W. Flarrison sc. Philada. 1815 $20 P-B. (Same as plate A above) 1815 $50 L-Fifty 50 Dolls. V-Ceres reclining on cornucopia, ship in District of Columbia Georgetown District of Columbia Georgetown background, eagle over shield. R.-Fifty 50 Dols. S- W. Harrison sc. Philad. The Bank of Potomac 18— $20 P-B. [-Twenty. V-Indian maiden with bow at falls on Po- tomac. R- Bank of Potomac S- Murray, Draper, Fairman, Brewster & CO. S- The Writing & Letters Engd, by W. Harrison The Central Bank of Georgetown and Washington. 1815 6 1Ac L-6 Six & a Quarter 'A. V-District Of 6V4 Columbia. R-6 Six a Quarter 'A. S- Rd. Harrison sc. C.P.H. Printer. 1815 12 1Ac L-12 Twelve & a Half 1A. V-District of 12'A Columbia. PAGE 1 1 8 Paper Money WHOLE NO. 24 R- 12 Twelve & a Half 'A. S- Rd. Harrison sc. C.P.H. Printer. 1815 25c L-25 Twenty Five 25. V-District of 25 Columbia. R-25 Twenty Five 25. S- Rd. Harrison sc. C.P.11. Printer. 181- $5 L-Georgetown. V-Bank building at river, spread eagle over- head. R-Washington. S- W. Harrison sc. Philada. (Proof note) District of Columbia Georgetown The Corporation of Georgetown. 1824 $2 L-2 Two. V- Ceres reclining on bale, ship in background. R-2 Georgetown 2. S- W. Harrison sc. Georgetown. District of Columbia Georgetown The Union Bank of Georgetown. 1818 $5 P-B. L-Five. V-Three Females joining hands. "Tria, Juncta in Uno." R-District of Columbia. S- W. Harrison sc. Philad. Georgia Augusta The Bank of Augusta 1824 $10 P-E. L-Ten. V-Man loading four horse team wagon. R-Ten Dol. S-Tanner, Kearney & Tiebout C.P. Harrison Printer. 1824 $10 Same note as above on pink paper Indiana Vincennes The Bank of Vincennes (1814-1817) 1816 $3 P-B. L-3 Three 3. V- Eagle flying in clouds. R-3 ‘44--basft)3. S-Richd. Harrison fct. Prind. by C.P. Harn. 1816 $5 P-C. L-5 Five 5. V- Eagle flying in clouds. R-5 - Wabash ;5. S-Richd. Ilarrison fct. Prind. by C.P. Harn. 1816 $10 P-D? L-10 Ten 10. V- Eagle flying in clouds. R-I0 Ten 10. S-Richd. Harrison fct. Prind. by C.P. Harn. Indiana Vincennes The Bank of Vincennes—The State Bank of Indiana. The Parent Bank at Vincennes (1817-1822) 1817 $3 The same notes as listed for The Bank of Vincennes with 1817 $5 "The State Bank of Indiana" arched over vignette of the 1817 $10 flying eagle having been added. Kentucky Louisville No Name—No Date. Proof sheet of four scrip notes. All inscribed "Good for **** to bearer/ payable in Kentucky bank notes when the/ amount of five dollars is presented/ attest Louisville, Ky." 12 1/2c L-12 Twelve cents half 12. V-12 on shield in front of sailing ship. R- Twelve l/2. S- Richd. G. Harrison fc. LouisvilleKy. 25c L-Cents 25 Cents. V- 25 on shield ceres seated. R-25 in oval. S-Richd. G. I larrison fc. LouisvilleKy. 50c L-Fifty cents. V-Cherub lifting letter L. R-50 in oval. S-Richd. G. Harrison fc. LouisvilleKy. 75c L-7 Cents five cents 0. V- 75 on a rock slab. R-seventy 5 cents. S-Richd. G. I larrison fc. LouisvilleKy. These are small 33A"x13/4" notes. Louisiana New Orleans The Bank of Orleans 1819 $100 P-A. L-Two medallions with small heads of royalty. V-Bald Eagle with spread wings. R- two medallions with small heads of royalty. S- W. Harrison sc. Philada. Louisiana New Orleans The Planters Bank. 1815 $5 P-B. L-Five. V-Plow and spade by cotton plants at side of river. R- Five. S- W. Harrison sc. Philada. 1814 $10 P-C. L-Ten. V-Ceres seated leaning on bale dated 1812. R- Ten. S- W. Harrison sc. Philada. 1817 $100 P-G. L-Hundred. V-Ceres seated leaning on bale, ship in background. R- One hundred. S- W. Ilarrison sc. Philada. •• • LEL-, 1,,x t;11 tt: rtg IftiT Pfriyhi./ WHOLE NO. 24 Paper Money PAGE 1 1 9 Note engraved by R. G. Harrison showing first use of his Franklin and Washington portraits later used often on scrip printed by Manly & Orr of Philadelphia and others. Maryland Annapolis The Farmers Bank of Maryland. 18— $3 P-B. L-Three D. V-Beaver on dam. R-Blank. (Unused note) S- I larrison sc. 1819 $5 P-A. L-Five. V-Plow and harrow. R-Blank. S-Same series as $3. Not signed. Maryland Easton The Farmers Bank of Maryland, Branch at Easton. 1818 $2 P-B. L-Branch. V-Sheaf of wheat. R-Blank. S- Harrison. 1827 $5 P-D. L-Branch. V-Spade, hoe, basket and watering can. R- Blank. S-Harrison Maryland Frederick The Farmers Bank of Maryland, Branch at Frederick. 1816 $10 P-B. L-Frederick Branch. V- Man plowing with horse. R-Blank. S- I larrison sct. Maryland Elkton The Elkton Bank of Maryland 18— $10 P-B. L-Ten D. V-Five men in row boat, one ashore, with fish net. R-Ten Dollars. S-M u rray sc. Printed by C.P. Harrison. Maryland Princess Anne The Eastern Shore Railroad Company. 18— $5 P-A. L-Portrait G. Washington, 5 in medallion above and be- low. V-Early steam train, 2-1/3 cars. R-Statue General Wash- ington standing, five above, dollars below. S-Rd. G. Harrison sct. Philada. 18— $10 P-A. L-Portrait of G. Washington, 10 in medallion above and below. V-Early steam train, 2-1/3 cars. R-Statue General Washington standing, 10 below. S-Rd. G. Harrison sct. Philada. 18— $20 P-A. L-Portrait of G. Washington, 20 on lathe work above and below. V-Early steam train, 2-1/3 cars. R-Statue General Washington standing, twenty above. S-Rd. G. Harrison sct. Philada. Maryland Port Deposit The Susquehanna Bridge and Bank Co. 1816 $1 P-A. L-Harford one County. V-Man plowing with four horned oxen. R-Cecil one County. S-Richd. Harrison sct. Prind. by C.A. Harrison. 1816 $20 P-D. L-Harford one County. V-View of Susquehanna Bridge. R-Cecil twenty County. S-Richd. Harrison sct. Prind. by C.P. Harrison. New Jersey Newark The Newark Whaling, Sealing & Manfg. Co. 1837 12%c Plate A, letter only. Plate A, and No. Plate B, and No. L-Top, one Spanish Real, bottom, Loan 121/2 Certificate in medallion. V-Five sailors in boat harpooning spouting whale. R-Top, one Spanish Real, bottom, sailing ship. S-C.P. Harrison & Son N. York. Paper Money WHOLE NO. 24PAGE 120 The Newark Whaling, Sealing & Manfg. Co. (continued) 1837 25c P-A and B. L-Loan 25 Certificate in medallion . V-Five sailors in boat harpooning spouting whale. R-Two Spanish Reals (2 bits) S-C.P. Harrison & Son N. York. 1837 371/2c P-A and B. L-Top sailing ship, bottom, Loan 371/2 Certificate in medallion. V-five sailors in boat harpooning spouting whale. R-Three Spanish Reals. S-C.P. Harrison & Son N. York. The Trenton Banking Co. 1805 First issues of notes as described in "The Trenton Banking Co.—A History of The First Century of Its Existence" First Plate—Two $1 notes, two $3 notes. 1805 $1 P-A and B. L-New Jersey. V- Plain shield inscribed "One" in upper left corner of note. R-Blank 1805 $3 P-A and B. L-New Jersey. V-Plough on shield in upper right corner of note. R-Blank Second Plate—Four notes of $5 1805 $5 P-A, B, C, and D. L-New Jersey. V- Top, Five, Bottom, Horse's Head. R- Blank S- Harrison sc. Third Plate—Four notes of $10 1805 $10 P-A, B, C, and D. L-New Jersey. V-"Horse's head supported" in middle of right end. S- Harrison sc. Fourth Plate—Two $20, one $50, one $100 1805 $20 P-A and B. L-Twenty. V-Horse's head to left. Plough to right. R-Blank. S- Ilarrison sc. 1805 $50 L-Fifty. V-Horse's head with plough on shield in upper left corner. R-Blank. S- Ilarrison sc. 1805 $100 L-New Jersey. V-State Arms. R-Blank. S- Ilarrison sc. The Trenton Banking Co. (continued) Fifth Plate—One $500, three Post Notes. 1805 $500 L-New Jersey. V-State Arms Complete. S- Harrison sc. P-B, C, and D. L and R-Blank. V-Flying Mercury holding scroll. S- Harrison sc. Reissue of first plate. 1806 $1 P-G and H. L-New Jersey. V-Trenton Delaware Bridge in oval, numeral I in diamond each side. R-Blank. S-W. Harrison sct. Philada. 1806 $3 P-E and F. L-Three. V-Trenton Delaware Bridge in oval, numeral 3 in oval each side. R- Blank. S-W. Harrison sct. Philada. 181- $1 P-A, B, C, and D. L-One Dollar. V-Trenton Delaware Bridge in octagon. R-Blank. S-W. Harrison sct. Philada. 181- $5 P-A, B, C, and D. L-New Jersey 5 D. V-Trenton Delaware Bridge, and view in rectangle. R-Five Dolls. S-W. Harrison sct. Philada. 181- $10 P-A, B, C, and D. L-X New Jersey X. V-Ceres seated, man plowing, sail boat in background. R-X Ten X. S-W. Harrison sct. Philada. The State Bank. See The Mavericks by S.D. Stephens, page 163. Items 1253 and 1261 of check list quote from bank contract of March 3, 1812, "that Mr. Harrison of Philadelphia make three plates for notes of twenty, of ten, of five and of four dollars" at 8200 a plate, all plates to bear the state seal near the center, an emblem of manufactures at the right and one of commerce at the left. These notes all have the city left blank to be filled in with ink, as Trenton or Camden. The State Bank (continued) 181- $4 P-E. L-Four. V-Ship, State Seal, Spinning Wheel. R-New Jersey. S- W. Harrison sct. New Jersey Newark New Jersey Trenton New Jersey Trenton New Jersey Trenton New Jersey Trenton 1805 Post Note e lot .1 • al 11- V "t ' Bank Notes Wt7f ii#9i,b21,4'. • WHOLE NO. 24 Paper Money PAGE 121 New York New York New York 181- $5 P-D. L-Five. V-Ship on ways, State Seal, early loom. R-New five Jersey. S- W. Harrison sct. 181- $10 P-H. L-Ten. V-Sailing ship, State Seal, Bales. R-New Jersey. S- W. I larrison sct. 181- $20 P-L and M. L-Twenty. V-Commerce seated leaning on anchor, State Seal, Arm holding hammer. R-New Jersey. S-W. larrison sct. New York The Bank of America. 1834 $5 P-A. L-Erie canal locks. V-Bald eagle wings spread, Justice standing, Liberty seated. R-5 Five 5. S-Fairman, Draper Underwood & Co. Printed by C.P. Harrison N.Y. New York New York Joint Stock Exchange Company. 1837 12V2c L- 12Y2—Portrait--cts. V-Exchange buildings. R- 12i/2—Mer- cury seated-cts. S-C.P. Harrison & Son N. York. New York The Mechanics Bank 18— $100 P-D2. L-C 100 C. V-Archimedes raising the world with a lever, arm and hammer below. R-Blank S-C.P. & R.G. Harrison New York. (Proof note) Note engraved by R. G. Harrison showing early train shown on his business card and later on scrip printed by E. Morris of Philadelphia and others. North Carolina Wilmington The Bank of Cape Fear 1846 $3 L-Liberty with Cap and Pole, 3 below. V-Industry in background, Goddess thereof leaning against cog wheel. R- 3- Child's head- 3. S-C.P. Harrison New York. 1838 $5 V- Indian with bow, portrait of B. Franklin. S-C.P. Harrison New York. 1846 $10 L- T.E.N. V- Winged Angel holding laurel wreath in left hand, quill in right hand. R-10-Portrait of G. Washington - 10. S-C.P. Harrison New York. Ohio Cincinnati The Miami Exporting Company 18— $3 L- Three. V- View of flat boat on river. R-Blank. S- Harrison sct. 18— $5 L- Five. V- V on shield. S- Harrison sct. 18— $20 L- Twenty. V-Plow and sheaf of wheat on shield, barrel, bale and anchor, sailing ship. S- Harrison sct. Above three notes are engraved on one plate, the first notes of the first hank in Ohio, incorporated by the First Legis- lature of the State, on April 15, 1803. Ohio Cincinnati The Farmers and Merchants Bank of Cincinnati. 1813 $1 P-A. L-One Doll. V-Man scowing. R- Ohio. S-W. Harrison sct. Philad. 1813 $3 L-Three. V-Boat at bend of river, houses on each bank. R- Ohio. S-W. I larrison sct. Philad. 1813 $5 L-Five. V- Three story building, word "Bank" over door. R- Ohio. S-W. Harrison sct. Philad. PAGE 122 Paper Money WHOLE NO. 24 1813 $20 P-A and B. V-Man plowing with two horses, barn in back- ground. R- Twenty dollars Ohio. S-W. Harrison sct. Philad. 1813 $50 P-C. L-Fifty. V-Shepherdess with sheep. R-Ohio. S-W. Harrison sc Philad. 1814 $20 L- 20 Twenty 20. V- Ceres seated on cornucopia, sickle in right hand. R- 20 Ohio 20. S-W. Harrison sc. Philada. 1814 $50 L- 50 Fifty 50. V- Vulcan reclining on anvil, hammer in right hand. R- L Ohio L. S-W. Harrison sc. Philada. 1814 $100 L- C Hundred C. V- Female representing Commerce. R- C Ohio C. S- W. Harrison sc Philad. Ohio Granville The Granville Alexandrian Society 1815 $10 P-D. L- X Ten D. V-Spread eagle with lightning bolts in talons. R- X Ohio D. S- Richd. Harrison sc. S- Printed by C. P. Harrison. Ohio Mount Vernon The Owl Creek Bank of Ohio. 1816 $1 P-C. L-I Ohio 1. V- Owl perched on tree beside Ow Creek 0 Mill in background. R-,..Knax One Coun. 4 time S- Richd. Harrison sc. Prin. by C.P.Hn. Pittgh. 1816 $3 P-A and B. L-3 Ohio 3. V-Same as $1. R Knox Three Coun. 1. S- Richd. Harrison sc. Prin. by C.P.Hn. Pittgh. 1816 $5 P-A. L-5 Ohio V. V-Same as $1. R- Knox Five Coun. S- Richd. Harrison sc. 1816 $10 P-A. L- X Ohio D. V-Same as $1. R- Knox Ten. Coun. S- Richd. Harrison sc. Ohio New Philadelphia The Bank of New Philadelphia. 7' 1816 $1 P-A. L- 1 One Ohio 1. V- Ceres seated. R-Tuskarawas 1 One 1 County. S- Richd. Harrison sct. Prtd. by C.P. Harn. 1816 $5 P-D. 5 Ohio Five V. V-Mother and child. R- Tuskarawas 5 Dollar V Note V County. S- Richd. Harrison sct. Prtd. by C.P. Harn. Ohio New Salem The Farmers Bank of New Salem. 1815 $3 P-C. L- 3-Three-3. V-Three men pitching hay. R- 3-Ohio-3. S- Richd. Harrison Invt. & Sct. S- Pitt. Printed by C. P. Harrison. 1816 $1 P-A. L- 1 One D. V-Man driving two team Conestoga wagon, buildings in background. R- 1 Ohio D. S- Richd. Harrison in & Sct. Pitt. Printed by C.P. Harrison. 1816 $5 P-D. L- 5 Ohio D. V- Shepherdess seated with crook in left hand, flock of sheep. R-5 Five D. S- Richd. Harrison int. & Sct. Pittg. Printed by C.P. Harrison. Ohio New Salem The Jefferson Bank of New Salem 1817 $1 P-A and B. L- 1 Ohio 1. V-Genl. Jackson on horse at battle of New Orleans. R- 1 Ohio 1. S- R.G. Harrison sc. C.P. Harrison Pittg. 1817 $3 P-C. L- 3 Ohio 3. V-Perry on Lake Erie. R- 3 Ohio 3. S- R.G. Harrison sc. C.P. Harrison Pittg. 1817 $5 P-D. L- 5 Ohio 5. V-Signing of Declaration of Independence. R- 5 Ohio 5. S- R.G. Harrison sc. C.P. Harrison Pittg. Ohio Steubenville The Bank of Steubenville 1812 $1 L- One Dollar. V- OHIO -. R- One D. S- Harrison sc. 1812 $5 P-C. L- Five D. V-Two men in boat by water mill. R-Five Ohio D. S- W. Harrison sct. Ohio Urbana Urbana Banking Company. 1816 $10 L- Ten X Dols. V- Milk maid standing beside cow. R- Ten J(' Paper Money PAGE 123WHOLE NO. 24 Ohio Dolls. S- W.Hn. sc. Phila. Printed by C.P. Harrison. Ohio Wooster The German Bank of Wooster 1815 $5 P-C. L- 5 Five 5. V-Man plowing with team of horses. R- 5 Ohio 5. S-Richd. Harrison sc. Pittsb. Printed by C.P. I larrison Pittsb. Pennsylvania Chambershurg The Chambersburg Bank 1812 $10 L- Pennsylvania. V-Man plowing with two horses in line. R- Blank. S- W. I larrison sc. Pennsylvania Germantoo n The Bank of Germantown. (Philadelphia) 1815 $20 P-D. L- Twenty 20 Dolls. V-Ceres seated with cornucopia. R- Twenty 20 Dolls. S- W. Harrison sc. Printed by C.P. Harrison. Pennsylvania Greensburg The Westmoreland Bank of Pennsylvania. 1813 $1 P-A. L-One 1 Dol. V- Cornucopia, plow, sheaf of wheat. R- One Dollar. S- (Richd. I larrison sc.) Printed by C.P. I larrison. 1815 85 P-D. L-Three 3 Dollars. V-Man plowing with two horses. R- 3 Pennsylvania. S-Richd. Ilarrison sc. Pittsb. Printed by C.P. Harrison Pittsb. Pennsylvania I I ulmeville The Farmers Bank of Bucks County See The Farmers National Bank of Bucks County, Bristol, Pennsylvania, A Century's Record 1814-1914 compiled by Charles E. Scott, Cashier. The second plate of bank notes ordered by the hank was for two of $1, one of $2, and one of $3, and illustrated on page 46 of above mentioned history. Each note was signed W. Harrison sc., C.P.H.Print. 1815 $1 P-A. L-One Dollar V-I8 Miles From Philadelphia. R-One. 1815 $2 P-A. L-Two Dollars V-18 Miles From Philadelphia. R-Two. 1815 $3 P-A. L-Three Dollars. V-18 Miles From Philadelphia. R- Three. The first plate of bank notes ordered by the bank was for two of $5, one of $10, and one of $20. 1815 $5 Have no description. 1815 $10 P-A. L-Farmers-Nine Miles From X Trenton-Bank. V-Sheaf of wheat. R- 10-18 Miles From X Philadelphia-I0. S- W. Harrison sculpt. Printed by C.P. Harrison. 1815 $20 Have no description. 1815 $100 P-A. L-One-9 Miles From 100 Trenton-Hund. V-Ceres seated, sickle in left hand. R-One-18 Miles From 100 Philadelphia- Hund. S- W. Harrison sculp. Printed by C.P. Harrison. Pennsylvania Lancaster The Farmers Bank of Lancaster 1815 5c V- FIVE CENTS 1815 20c V- TWENTY CENTS 1815 25c V-TWENTY FIVE CENTS 1815 50c V- FIFTY CENTS All above notes are small size 2A."x3". All signed W. Harrison sc. 181— $5 P-A and B. L-Pennsylvania V- Lancaster Cotton House. R- Five S- W. Harrison sct. 181— $10 L-Pennsylvania. V-Lancaster Cotton House. R- Ten. S- W. Harrison sct. 181— $20 L- Twenty. V-Lancaster Cotton House. R- Pennsylvania. S- W. Harrison sct. 1814 $10 P- H. L-Lancaster (over) Ten. V- Man plowing, barns in background. R- Pennsylvania. S-W. Harrison sc. Paper Money WHOLE NO. 24PAGE 124 Pennsylvania Meadville The North Western Bank of Pennsylvania. 1817 $2 V-Man shearing sheep. S- W. Harrison sc. 1815 $20 V-Sailing ship. S- W. Harrison sc. Pennsylvania Milton The Northumberland Union and Columbia Bank. 1816 $1 L- One. V-Title of Bank, I each side. R- One. S- W. Harrison sc. Philad. 1816 $2 L- Two. V-Title of Bank, I each side. R- Two. S- W. Harrison sc. Philad. Pennsylvania New Salem The Farmers and Mechanics Bank of Fayette County 1816 $1 P-A and B. L-One. V-Ceres seated. R- One. S- W. Harrison sc. Philad. Printed by C.P. Harrison. 1816 $3 L- Three. V-Spread eagle grasping arrows and lightning. R- Three. S- \V. Harrison sc. Philad. Printed by C.P. I larrison. 1816 $5 L- Five. Spread eagle attacking lion. R- Five. S- W. Harrison sc. Philad. Printed by C.P. Harrison. Pennsylvania Philadelphia The Bank of Pennsylvania 181- $10 L- Ten. V-State Arms. R- Ten Dollars. S- Murray Draper Fairman Co. The Writing by W. Harrison. Pennsylvania Philadelphia The Kensington Savings Institution. 18— 10c L- Ten cents. V-Sailing ship. R- Ten cents. S- R. G. Harrison sct. (Proof) 18— 25c L-Cents 25 cents. V-Sailing ship. R- Twenty five. S- R. G. I larrison sct. 18— $1 L- 1-Portrait of Washington- One. V- Sailing ship. R- One- Portrait of B. Franklin- I. S- R. G. I larrison sct. (Proof) 18— $2 L- 2-Portrait of Franklin-2. V-Sailing ship. R- 2-Portrait of Washington-2. S- R. G. Harrison sct. (Proof) 18— $3 L- 3-Portrait of Washington-III. V-Sailing ship. R-I I l-Por- trait of Franklin. S- R.G. Harrison sct. (Proof) Pennsylvania Philadelphia The Kensington Savings Institution (continued) Note. The Franklin and Washington portraits on these notes were used on many of the 1837 issues of scrip, combined with the early train and vignette of "The Kill" shown on R.G. I larrison's business card in the form of a bank note. Pennsylvania Philadelphia Bank of the United States 1798 $50 Post Note. Receipt for payment for engraving note in Dreer collection I listorical Society of Pennsylvania. See illustration. Pennsylvania Philadelphia The Philadelphia Bank. 1810 $10 P-E. L-Ten X. V-Picture of Bank Building. A plow and ship on shield, Ceres seated to right, commerce to left. R. Ten S- \V. Harrison sct. 181- $50 L- 50-. V-Picture of Bank Building. A plow and ship on shield, beehive to left, barrel and ship to right. R- Fifty. S- W. Harrison sct. Note. This is an unfinished note, before letter press printing. 1814 $100 P-E. L-100-over sailing ship on river. V- Picture of Bank Building. R- One hundred. S- W. Harrison sct. Pennsylvania Philadelphia The Schuylkill Savings Institution. 1837 5c L- 5-5. V-View of water works on river. R 5-5. 1837 6/4c Same as 5c except denomination. 1837 10c Same as 5c except denomination. WHOLE NO. 24 Paper Money PAGE 125 Pennsylvania Pennsylvania 1837 25c Same as 5c except denomination and is a larger size note than 5c. These notes are all signed R.G.Harrison. Philadelphia The Southwark Savings Bank 1838 61/4c P-A. L-Portrait of \Vashington, 6% above and below. V- "Man of War" under way. R- Figure of Washington stand- ing, left hand on sword. S- (R.G.) Harrison sc. 1838 25c P-A. L-Sail boat under way, 25 above and below. V-"Man of War" under way. R- Figure of Washington standing, left hand on sword. S- (R.G.) Harrison sc. Philadelphia The Southern Loan Company 183— $1 P-C. L-Portrait of Franklin in oval, 1-above and below. V- "the Kill," Indian with raised tomahawk standing over fallen buck. R-Capital $500,000. S- R.G. Harrison sc. 183— $2 L- 2-portrait of Washington above, portrait of Franklin be- low. V-Woman standing beside stream, farmer plowing in distance. R-Capital $500,000. S- R.G. Harrison sc. Pennsylvania Pittsburgh The Farmers and Mechanics Bank 1815 $3 I lave no description. Chase Manhattan Bank Collection. S- R.G. I larrison sc. Printed by C.P. Harrison 1816 $10 P-C. L- Ten-10-Dol. V-Primitive steam pump. R- Ten-10-Dol. S- W. Harrison sc. Phila. C.P. Harrison, Print. Pennsylvania \Vashington The Bank of Washington 1815 $1 P-A. L- One-l-Dolr. V-Portrait of Washington surrounded by a wreath. R- Pennsylvania. S- Richd. Harrison sct. Pittsburgh. Printed by C.P. Harrison, Pittsburgh. 181— $3 See James T. Mitchell Collection Sale Cat. Part II. Item 427. i n-g\"3 note of The Bank of \ ' ton, Pa. G. Washington full bust head to right, aft Stewart, in oval from which extend diverging rays, over the 3 stars. Richd. Harrison sct. Pittsbh." Tennessee Nashville The Nashville Bank 1811 $100 P-K. L- One Hundred. V- Large beehive, cotton bale marked "Tennessee Cotton". S- (W) Harrison sc. Philad. Virginia Alexandria See District of Columbia Virginia Parkersburg The Western Bank of Virginia 1815 $1 P- A and B. L- 1-One-1. V- Bales on dock, three masted ship flying American flag. R- I-Virginia-1. S- Richd. Harrison sct. Printed by C.P. Harrison, Pittsb. Note. Plate A has following printed on back. "Souvenir/ 14th. annual session Farmers National Congress/ First hank note issued in Virginia west of the Alleghany Mountains/ Pre- sented by S.S. Stone, Wood Co. W. Va. Farmer." 1815 $5 P-C. L- V-Five-V. V-Same as $I above. R- V-Virginia-V 5- Richd. Harrison sct. Printed by C.P. Harrison Pittsbg. 1815 $10 P-D. L- X-Ten-X. V-Same as $1 above. R- X-Virginia-X S- Richd. Harrison sct. Printed by C.P. Harrison Pittsh. Virginia Romney Bank of the South Branch of Potomac. 1815 $1 P-A. L- One dollar. V- Three men poling flat boat on river. R- Virginia. S- W. Harrison Philad. 1815 $3 P-B. L- Three. V-Same as $1 note above. R- Virginia. S- W. Harrison Philad. 1815 $10 L- Ten. V- Cow nibbling on sheaf of grain. R-Virginia. S- W. Harrison Philad. Paper Money WHOLE NO. 24PAGE 126 No. New Members SECRETARY'S REPORT New Membership Roster Dealer or Collector Specialty 2061 Clyde R. Weise, 235 Second St. N. NV., Canton, Ohio 44 02 2062 Fay C. Smith, 125 Dwiggins, Griffith, Ind. 46319 2063 Herbert Weiss, P. 0. Box 363, Cranford, N. J. 07016 2064 Frederick 0. Duane, 1405 Brooklyn Ave., Apt. 4A, Brooklyn, N. Y. 11210 2065 John R. Wiggin, P. 0. Box 29, Portsmouth, N. H. 03801 2066 John A. Pianfetti, 5154 Russet Dr., Charleston, W. Va. 25312 2067 Walter E. Williams, 610 Ardross Ave., Ambler, Pa. 19002 2068 George W. Hawley, 66 Kendall Dr., Parlin, N. J. 03859 2069 Peter J. I lockensmith, R.F.D. 4, Hanover, Pa. 17331 2070 Charles Matsuda, 1514 Adelaide St., Honolulu, 1 lawaii 96819 2071 Joseph A. Turcotte, 7357 12th St., Detroit, Mich. 48206 2072 John H. Mize, 614 North 5th St., Atchison, Kansas 66002 2073 Bill Ellis, P. 0. Box 290, Waynesville, Mo. 65583 2074 Burtwin L. Day, 2035 Logan Dr., Keokuk, Iowa 52632 2075 Royal C. Madry, Jr., 436 Cummings Rd., Virginia Beach, Va. 23452 2076 David T. LaFleur, 462 Columbia Rd., Dorchester, Mass. 02125 2077 George M. Todd, 106 West Paces Ferry Rd., Atlanta, Ga. 30305 2078 Douglas Traxler, 4802 W. Beloit Rd., Milwaukee, Wisc. 53214 2079 Charles J. Swiderski, Jr., P. 0. Box 791, Los Gatos, Cal. 95030 2080 Phil Lemes, P. 0. Box 4153, McChord AFB, Wash. 98438 2081 E. H. Williams, 4 Chester St., Schenectady, N. Y. 12304 2082 Carol .1. Di Giacobbe, 916 McKean St., Philadelphia, Pa. 19148 2083 Thomas F. Franke, 1860 Cragin Dr., Bloomfield I lills, Mi.:h. 48013 2084 Charles W. Ish, 2040 Marich Way, Mt. View, Cal. 94040 2085 Gary K. Olsen, 116 E. Spruce St., Titusville, Pa. 16354 2086 Mrs. W. W. Jones, 40 Chestnut St., Elberton, Ga. 30635 2087 Dale M. Stroud, 305 Camelia Rd., New Bern, N. C. 28560 2088 J.W. Bailey, 2106 S. Balsam Court, Denver, Colorado 80227 2089 Lawrence Strauss, P. 0. Box 682, Waterbury, Conn. 06720 2090 Lewis L. Egnew, P. 0. Box 123, Port Townsend, Wash. 98368 2091 Bob Cooper, 3342 Ridgeway Ave., Madison, Wisc. 53764 7092 Mill Dutkin, 56 No. 13th St., Philadelphia, Pa. 19107 2093 Edward M. Gicewicz, 16 Cottonwood Place, Albany, N. Y. 12205 2094 Jearldine Y. McFerrin, 6330 E. Lowe, Fresno, Cal. 93702 2095 David W. Farmer, 2525 Wabash, Fort Worth, Texas 76109 2096 William Olsen, 995 Hawkins Blvd., Copiague, N. Y. 11726 2097 Charlie Grace, P. 0. Box 201, Florence, S. C. 29501 2098 A. F. Quilio, Jr., Route #1 Box 258, Buras, La. 70041 2099 Robert B. Deitchman, MD, No. 1 Ridgegate Dr., St. Louis, Mo. 63132 2100 Rev. G. F. Esser, 2200 E. Grand Blvd., Detroit, Mich. 48211 2101 Walter Bezner, 2901 Binkley Ave., Apt. 60, Dallas, Texas 75205 2102 Jimmy L. Taylor, 644 SE 34 St., Oklahoma City, Okla. 73129 2103 Chas. W. Hanley, 1127 S. 7th St., Terre Haute, Ind. 47802 2104 Richard French, 456 West Avenue, Mauston, Wisc. 53948 2105 Joseph F. Petrosius, P. 0. Box 273, North Wales, Pa. 19454 2106 Miss Leathel Hughes, 1910 Skillman, Dallas, Texas 2107 Albert Sirak, 22515 Vanowen St., Canoga Park, Cal. 91304 C C General C, D N. J. national currency C U. S. obsolete; U. S. large & small notes C, D N. H. nationals, small & large; Vermont & Maine, small C Silver certificates C Gold certificates C U. S. small & large C U. S. large & present size notes C U. S. currency C C C Large & small bills C Fractional currency C Foreign Small notes, silver certificates & Federal Re- serve notes C Pre-Revolution Mexico, obsolete U. S. & Con- federate C Gold notes, silver certificates & $2 legal tender notes U. S. small size Large bills (2 Michigan & Wisconsin broken bank notes C $1, $5 Silver certificates & $1 Federal Reserve C C, D D U. S. small currency C, D U. S. Colonial, fractional, scrip, sutler's broken bank & foreign Worldwide (British Colonial—Oriental special- ties) U. S. currency C, D C All U. S. legal currency (2 Paper money Confederate & broken bank notes Recent small size notes C Obsolete notes (South Carolina) Small currency C Confederate & colonial paper money C $1 bills C Obsolete bank notes C U. S. small size paper money C Large size U. S. & fractional Small size U. S., Japanese invasion, broken bank notes C Foreign & U. S. C Broken bank notes C Silver certificates WHOLE NO. 24 Paper Money PAGE 127 2108 E. E. Schneider, 1608 5th St., Manhattan Beach, Cal. 90266 2109 R. H. Ornelas, Apartado Postal 1031, Caracas, Venezuela 2110 Leo A. Young, 3244 Grand Ave., Oakland, Cal. 94610 2111 Howard S. Baron, Sunnyridge Rd., Harrison, N. Y. 10528 2112 Luther Bennett, Jr., 1704 Weaver St. S.W., Canton, Ohio 44706 2113 Elmer G. Harris, R.F.D. #1 Box 41, Oberlin, Ohio 44074 2114 J. Kenneth Reiley, 604 Cloverdale Rd., Toledo, Ohio 43612 2115 Jerry E. Tucker, 304 Sycamore Dr., P. 0. Box 67, Maul- din, S. C. 29662 2116 Don W. Jensen, 1206 4th Ave., S.W., Humboldt, Iowa 50548 2117 Robert E. State, P. 0. Box 3054, Eureka, Cal. 95501 2118 Arthur R. Hanna, R.F.D. #3, Box 142 B, Hot Springs, Ark. 71901 2119 George H. Traylor, Jr., P. 0. Box 751, Lubbock, Texas 79408 2120 Ray Harn, 308 N. Prairie Ave., Polo, Illinois 61064 2121 Clifton H. Sweeney, 606 Jerome St., Marshalltown, Iowa 50158 2122 George M. Rinsland, 4015 Kilmer Ave., Allentown, Pa. 18104 2123 William E. Rogers, P. 0. Box 138, Port Byron, N. Y. 13140 2124 George E. Atkins, Jr., P. 0. Box 172, Weatherford, Okla. 73096 2125 H. Joseph Tanaka, 1220 Capri, Coral Gables, Fla. 33134 2126 Francis A. Plough, 2418 Joseph St., New Orleans, La. 70115 2127 William Anton, Jr., P. 0. Box 135, Lodi, N. J. 07644 2128 David A. Hakes, R.D. #6, Lancaster, Penna. 17603 2129 Alan Jay Rosenberg, 11 Ann St., New York, N. Y. 10038 2130 N. Harold Munn, 2509 59th St., Lubbock, Texas 79413 2131 Frederick G. Weber, R. #1 Box 351, Emmaus, Pa. 18049 2132 A. P. Chase, County St., Lakeville, Mass. 02346 2133 Raymond A. Woloszkiewicz, 2533 W. Lyndale St., Chi- cago, Illinois 60647 2134 David Brandenburg, P. 0. Box 46 - 154, Cincinnati, Ohio 45246 2135 Murray R. Pearce, 1300 Meredith Dr., Bismarck, N. D. 58501 2136 Hal Wilson James, 5245 N.W. 57th Ave., Des Moines, Iowa 50323 2137 Frank E. Nix, Jr., 2601 Stoland Dr., Atlanta, Ga. 30319 2138 Ronald J. Cristal, P. 0. Box 781, Kincheloe AFB, Michi- gan 49788 2139 Alex Nunez, 861 Smithtown Ave., Bohemia, N. Y. 11716 2140 Gene A. Kearns, Route #1, Box 496, Kernersville, N. C. 27284 2141 Fred Rolan, 1223 Gilham St., Philadelphia, Pa. 19111 2142 Guido Crapanzano Guidone, Viale Papiniano 38, Milano, Italy 2143 Robert P. Smarse, 29 William St., Westfield, Mass. 01085 2144 Lamont M. Temple, 40 Walkley Rd., West Hartford, Conn. 06119 2145 Frank L. Klapperich, Jr., 350 Meadowbrook Drive, Northbrook, Illinois 60062 2146 Melvin E. White, P. 0. Box 1081, Pueblo, Colo. 81002 2147 Chas. L. Van Diviere, Jr., Country Club Park, Bruns- wick, Ga. 31520 2148 Jerry E. Tralins, 1501 N.W. 179th St., Miami, Fla. 2149 Gus Strausser, 1028 W. Broadway, Minneapolis, Minn. 55411 2150 Grace A. Cook, 318 Midway Island, Clearwater, Fla. Change of C C C, D C C C C C C, D C C, D C C C C, D C C C C C, D C, D D C C, D C C C C C C C C C, D C C, D C C, C C C D C, D C Address Large paper money & nationals Small size U. S. Silver certificates, Confederate, continental & foreign Small size U. S. Small size U. S. Modern paper money Large & small size U. S. General Large & small size U. S. Canal Banks, Texas & Confederate States U. S. $1 bills & obsolete state bank notes Small size notes Large size U. S. U. S. Confederate, broken banks & Louisiana Large size currency Small U. S. notes & silver certificates Small size notes Confederate & Texas Colonial notes & obsolete Pennsylvania Small, large & odd serials Silver certificates & legal tender notes Kentucky bank notes Large $1 types, all small $1, errors & unusual serial numbers $1, $5, $10, & $20 $1 Federal Reserve Notes Uncut sheets & large size notes Large notes $1, $2, $5, World currency All currency Italy, Europe, U. S., World War II U. S. national bank notes CSA, Southern States, obsolete fractional & Continental Gold certificates CSA & obsolete currency Large & small size U. S. Colonial Small size U. S. 1817 Rene C. Day, J 19000 E. Mello Ave., Ripon, Cal. 95366 1925 798 Samuel Fish, 872 East 51 St., Brooklyn, N. Y. 11203 1882 Bruce R. Glenn, 3534 N. Wittfield St., Indianapolis, Ind. 1196 46236 262 William T. Green, 612 East 6th St., Alton, Illinois 62002 276 1888 Ronald D. Winegarden, 3B McArthur, Westover AFB, 1492 Mass. 01022 Elston G. Bradfield, 3079 Greenwood Ave., Highland 546 Park, Illinois 60035 1480 John H. Noe, 5658 East Lancaster, Fort Worth, Texas 76112 Leonard Heise, 115 Gordon St., Fort William, Ont. Canada George T. Hoff, P. 0. Box 665, Bismarck, N. Dak. 58501 Louis H. Buehler, Jr., 3646 Apt. 2E NEOSHO St. Louis, Mo. 63116 James L. McKee, 3425 Otoe St., Lincoln, Nebr. 68510 T. E. Andrews, P. 0. Box 399, Cleveland, Ohio 44127 Paper Money WHOLE NO. 24PAGE 128 1301 Elmon R. Johnson, Whittemore Point Rd., Bristol, N. I1. 03222 1510 F. J. Starks, P. 0. Box 186, Rosemead, Cal. 91770 1952 C. Dorman David, 5820 Hurst St., Apt. D, New Orleans, La. 70115 121 Forrest W. Daniel, Sykeston, N. D. 58486 1884 C. Reginald Allen, Jr., 2317 Hardy Road, Grand Prairie, Texas 75050 930 Richard D. Stein, 456 Barrymore Place, North Bruns- wick, N. J. 08902 565 Bernard J. Schaaf, M.D., Presbyterian Medical Center, Clay & Webster St., San Francisco, Cal. 94115 1097 Dr. Jules Korman, 345 Eighth Ave., New York, N. Y. 10001 1066 David H. Christensen, Box 30038, Bethesda, Washington, D. C. 20014 376 Robert J. Lee, 820 Malabu Dr., Apt. 105, Lexington, Ky. 40502 (Legal change of name from Robert Goodpaster) 1773 William T. Bell, P. 0. Box 197, Lake Mary, Fla. 32746 1114 Byran R. Burnett, 2919 Talbot St., San Diego, Cal. 92106 1944 Daniel Greydanus, 41 S. Munn Ave., East Orange, N. J. 07018 1290 David Halsted, c/o Monsanto Co., 800 N. Lindberg Blvd., St. Louis, Missouri 63141 1161 Samuel S. Mack, 707 W. Lake St., Minneapolis, Minn. 55408 2003 Otis E. Marler, 4302 Ocean Dr., Corpus Christi, Texas 78412 1581 John V. McMillin, 800% N. Van Buren, Iowa City, Iowa 52240 506 J. W. Schneider, 2652 Hilda Ave., I lamilton, Ohio 45015 1748 Donald F. Walker, 2837 Lee St., Dallas, Texas 75206 1757 Leland N. Worthley, Jr., P. 0. Box 2224, Hollywood, Cal. 90028 360 Julius Turoff, 144 04 38th Ave., Flushing, N. Y. 11354 1751 Frank Stypyra, 46 Swallow Road, Holland, Pa. 18966 931 Charles Christman, 610 California Ave., Deer Lodge, Mont. 59722 672 Warren E. Herbert, 304 Collins Ave., Moorestown, N. J. 08057 1123 Michael Miller, Colonial Dr. - Stony Crest Estates - Rt. 1, Lebanon, Pa. 17042 1945 Louis C. King, R.D. 2, Box 249, Seaford, Del. 19973 1636 Miss Jolanda Lujan, 1011 Spurgeon, Santa Ana, Calif. 92701 1939 George Tackett, Weeksbury, Ky. 41667 16 Dr. John H. Swanson, P. 0. Box 829, Texas City, Texas 77590 1292 Allen J. Richardson, 1717 S. Hudson, Enid, Okla. 73701 1884 C. Reginald Allen, Jr., 2317 Hardy Rd., Grand Prairie, Texas 75050 123 J. Wayne I lamilton, 4235 Edgmont Ave., Chester, Pa. 19015 325 Donald B. Hoge, 835 4th. St. #201, Santa Monica, Calif. 90403 1936 William R. Reis, P. 0. Box 272, Tomah, Wisc. 54660 930 Richard D. Stein, 456 Barrymore Pl., N. Brunswick, N. J. 08902 Deceased 4 Dr. Julian Blanchard1727 H. H. Whitsitt 779 George J. Gessner 1593 ORL COIN CLUB 1713 Lou H. Leff 1458 Jim C. Crockett 1637 Mrs. B. J. Obarski 1660 E. J. Kirchoff Resignations 1081 Victor R. Anderson 1611 George Geer 1067 Charles Baker 785 Mrs. Helen A. Legge 648 Virgil K. Tarter Dropped for Non-Payment of 1967 Dues 477 Walter D. Allan 925 M. G. Ashwander 121 Philip E. Benedetti, Jr. 770 W. J. Brady 348 William E. Brewer 681 John W. Brinsfield 109 Elmo Burgess 644 Fred L. Buza 030 Bill Callison 469 C. H. Clark 829 Keith Colman 22 Robert W. CornelyV 956 Roy E. Cox, Jr. 1617 Paul W. Cummings 1784 Mrs. Russell Cunningham, Jr. 651 James W. Curlee 682 Allen E. DeHaven 1330 Oscar Demling 788 Sidney Domb 1685 Donald M. Donaldson 1178 Laura O'Reilly Doud 668 Robert A. Ellis 346 Keith A. Ewart 1294 Wayne A. Faulkner 1556 Irvin E. Faunce 1535 Charles M. Feldman 782 Mrs. Emma Frank 1087 Frank 0. Frazier, Sr. 1703 Sherwin D. Friedman 1529 Charles A. Glenn 1164 David Goodwin 1142 Charles A. Powell 1397 Joseph P. Powers 833 Mrs. Bernice T. Rand 1648 Joseph C. Robinson 431 Ted Rogers 873 H. M. Rosenberg 471 Mrs. Barbara H. Rothleitner 482 Bill Rutkowski 631 E. L. Sander 761 Joseph Santo 326 George W. Schluderberg 242 Arnold R. Schnick 453 Alvin Sellens 441 William H. Smrekar 426 Philip A. Stewart 1846 Ernest C. Stiebritz 1271 M. D. Stiman 712 Jack Snippier 1360 Glenn Templeton 1339 Russell 11. Thompson 1321 Haskell 0. Trusty 1614 George A. Ullrich 455 Kermit Wagner 758 James Edward Weaver 676 Rev. Robert T. Webster 1165 Alfred C. Werner 1119 Herb Weston 861 Paul M. Whisonant 173 Russell Wright 1288 Paul W. Gremillion, Sr. 1035 Frank E. Grillo 1273 Dorothy J. Hathaway 1218 A. H. Holmes 1831 Kenneth 1 lughes 1117 T. H. Ingram, Jr. 1563 William P. Ironmonger 580 George Izumi 636 John H. Jenkins 1620 Donald Jensen 542 Robert A. Jones 1303 K. K. Kahlenbeck 1488 William C. Kassube 1329 Walter Kempin, Jr. 1211 Wm. J. Kerr 408 Michael Kolman, Jr. 1702 Gregory Scott Kraner 1464 Miss N. Kraus 1669 John K. Kuhn, Jr. 1470 LaVerne D. -Kusheh 1740 Mary Lois Leath 1640 Albert W. Lee 784 Robert J. Lindesmith' 1285 Mrs. Frances Maksim 1676 E. T. "Gene" Marsh 656 William Mattinson 1571 Wm. E. McGinnis 161 Dale E. McMullen 1409 G. W. Minton 748 Jack Neer 1093 Gordon M. Perisho, MD 603 Dr. William W. Pierce WISCONSIN SCRIP BEAUTIFUL GREEN AND BLACK VIGNETTES CITY OF HUDSON, WISCONSIN $1.00 2.00 3.00 5.00 New $12.50 12.50 35.00 15.00 Folded $ 9.50 9.50 25.00 Slightly Soiled $20.00 Set of Four, new $70.00 Printed by the Western Engraving Co., Chicago Will consider trades for uncirculated U. S. Gold WANTED: National Currency on First National Bank, Hudson, Wis. Please describe and price. Judge Thos. J. O'Brien ST. CROIX COUNTY COURT HOUSE HUDSON, WISCONSIN 54016 Minnesota Obsolete Notes $5.00 Peoples Bank of St. Peter, Minn., crisp, new, unsigned $39.95 $1.00 Treasury Warrant, State of Minn. V.G. 45.00 Fine 60.00 (Both notes have "spindle" holes in center.) The Treasurer of Ramsey County Notes, mag- nificent two-color notes with beautiful vignettes: $1.00 Treasurer of Ramsey County, new, unsigned 2.00 Treasurer of Ramsey County, new, unsigned 3.00 Treasurer of Ramsey County, new, unsigned Uncut sheet of above notes $1-2-3-5 90.00 Will sell notes for 20% down, balance due in four equal payments, interest free! CI►NVA4 Minnesota Obsolete Notes Please quote price. Inverted Overprint Notes Please quote price! R. H. "Rocky" Rockholt 1489 Clayridge Avenue St. Paul, Minnesota 55119 Area 612-777-7248 SPMC 1354 733-0543 ANA 29672 $25.00 25.00 35.00 DEALERS LOTS OF Confederate Bills Lot # 1. 25 Criswell numbers, each bill in cello- phane envelope with Cr. # and sug- gested retail price. Retail value $50.00 - my price, 25 bills $25.00 2. 10 Cr. # as above, nice assortment of better bills. Retail value $50.00 - my price, 10 bills $25.00 3. 15 Cr. # as above, a deluxe group fast selling scarce o n e s. Retail value $100.00 - my price, 15 bills $50.00 STATE AND BROKEN BANK BILLS 4. 25 in separate cellophane envelopes with suggested retail price. Some have Cr. #, others are unlisted in any Cata- log. Retail value $50.00 - my price, 25 bills $25.00 5. 15 as above; a nice lot of scarcer ones Retail value $50.00 - my price, 15 bills $25.00 Remit with order please. Satisfaction Guaranteed. JOHN E. TIDWELL ANA 7906 FUN 622 SPMC 1600 408 Cunniff Parkway Goodlettsville, Tenn. 37072 OBSOLETE CURRENCY PENNSYLVANIA NOTES: 1¢ Black, Pittsburg 7/4/59, Hostetter Smith, vg/f. $10.00 4¢ Black, Berwick 4/8/16 Susquehanna and Lehigh Turnpike Road Company, Good, some margin missing. $30.00 50¢ Phila. 12/8/14 Lawrence Yarn Warehouse, vig- nette depicts yarnmaking and child labor, vf+, I unsigned. $20.00 -) $ 1 New Salem 11/26/16 Farmers and Mechanics Bank, Ceres reclining. Fine. $12.50 $1 Phila. 1/3/62 Bank of North America black with green ones #4424 in red, Plate 'D' vg/f. $45.00 Another, 1/22/62 #19084 in blue, Plate 'B'. Fine $50.00 $5 Warren - 18 - Lumbermens Bank Printed in German. Rare and popular note Crisp, unsigned. $35.00 Items subject to prior sale. Please remit with order. 5 day return privilege. FREDERICK G. WEBER Route One, Oak Hill Road Emmaus, Pa. 18049 HELP! I am nearing the end of my listing of Illinois Broken Bank Notes for the Society of Paper Money Collectors and would like any in- formation other collectors can furnish on Illinois notes in their collections. Please send me lists of any notes in your collec- tions. Your cooperation is needed to com- plete the work. I am also buying Illinois Broken Bank Notes for my own collection if you have any to sell. DENNIS FORGUE BOX 750 ANA SPMC HILLSIDE, ILLINOIS 60162 WANTED National Bank Currency LARGE OR SMALL FOR MY OWN COLLECTION CALIFORNIA Eureka, First N.B. Charter #5986 Eureka, Humboldt N.B. Charter # 10528 Roseville, Railroad N.B. Charter # 11992 San Francisco, Bank of Italy Charter #13044 Scotia, First N.B. Charter #9787 Willits, First N.B. Charter # 11566 COLORADO Fowler, First N.B. Charter #7637 NEW JERSEY Morristown, Nat. Iron Bank Charter #1113 OHIO Cleveland, Engineers N.B. Charter # 11862 Cincinnati, Railway Clerks N.B. Charter #12446 Please write if you have any of the above notes giving price and condition. WILLIAM K. BISH 2003 McClaskey Lane, Eureka, Calif. 95501 UNIQUE The first and only book now available listing all the banks and notes issued by same in the State of Vermont. Published in a limited edition of 300 copies, 56 remain for your purchase consideration. After this ad the only place you will be able to find one is at your dealers or in a public library. Research covers the period 1781 to 1867. Facts never before known to collectors are presented for your numismatic enjoyment and educational de- velopment. If you collect Currency — and Cur- rency History — and are serious about it — this illustrated history belongs in your personal library. Two Dollars Per Copy Postpaid. T. G. HARPER RFD 1 SACO, MAINE 04072 SPMC-ANA-CNA MATCH YOUR MEMBERSHIP NUMBER We offer a large stock of low serial numbers, many of which will match SPMC membership numbers. If interested, please write. Specifically, we offer crisp, uncirculated 1957B $1 Silver Certificates S00001201A to S00001298A at $6.00 each. Other numbers available. We have a 7 page listing of large, small, fractional and obsolete paper money which will be sent upon receipt of a stamped, long envelope. We also have numerous specialized items (low and odd serial numbers, desirable block letters, star notes, muled notes, circulated bargains, etc.) which are not as yet listed. DO WE HAVE YOUR WANT LIST? PIEDMONT COIN COMPANY 2324 Westover Terrace Burlington, N. C. 27215 WANTED I HAVE A LARGE STOCK OF OBSOLETE AND U. S. CURRENCY FOR SALE OR TRADE. Obsolete Paper Money of South Carolina, North Carolina and Georgia Please Send Me Your Want Lists. NEW LISTS Write for my new list of large size U. S. paper money. Fractional currency list also available. If you collect obsolete notes, please tell me the states which interest you. G. W. WAIT J. ROY PENNELL, JR. P. 0. BOX 3005 ANDERSON, S. C. 29621 BOX 165 GLEN RIDGE, NEW JERSEY 07028 NI1-1:W I D) 00 The Society of Paper Money Collectors is pleased to announce the publication of "Florida Obsolete Notes and Scrip" by HARLEY L. FREEMAN. This is a hard covered book of 103 large pages, profusely illustrated. PRICE TO SPMC MEMBERS $4.00 OTHERS $4.75 POSTPAID Send remittances payable to the Society to: J. ROY PENNELL, JR. "Texas Confederate County Notes & Private Scrip" By HANK BIECIUK and BILL CORBIN The only exclusive reference work on these notes. Book was the winner of an award from the historical society. Over 100 pages, profusely illustrated. $3.50 postpaid Also have a few copies of Vol. 1, No. 1 of PAPER MONEY (the first issue). $1.00 each postpaid. HANK BIECIUK BOX 1235 KILGORE, TEXASBOX 3005 ANDERSON, SOUTH CAROLINA 29621 FRACTIONAL CURRENCY SERIES I buy and sell anything in the FRACTIONAL CURRENCY SERIES SINGLES SHEETS SHIELDS SPECIMENS PROOFS Try a specialist in this series for all your needs. SELL TO A SPECIALIST FOR THE BEST PRICE. Thomas E. Werner 505 N. WALNUT ST. WEST CHESTER, PA. BROKEN BANK • and other obsolete U. S. Currency available I have a large stock on hand at all times and will be happy to add your name to my mailing list. • WHETHER BUYING OR SELLING Please Contact WARREN HENDERSON Obsolete Currency Specialist P. 0. BOX 1358 VENICE, FLA. 33595 Choice Lot of Scarce Currency $3 THE CITY OF MOBILE June 1875, City seal in red, green overprint. Liberty and Columbia holding Flag. Fancy green reverse. Amer. Bnk. Note Co., New York. Perfectly beautiful note, crisp about unc. $27.50 25c Dominion of Canada July 2, 1923, "Without Authority" Charl. #6, crisp unc. signed by Hyndman and Saunders— Only $27.50 $5 State of Rhode Is. and Providence Plantations July 2, 1780, signed by A. Comstock, signer of Declaration of Indep., good to very good, has been backed $9.00 $3 State of Florida Tallahassee March 1, 1863, Cr #17, crisp unc. $17.50 $4 Bank of Augusta, Augusta Ga. on back of Augusta, 1863 notes, unc. $10.00 $10 Commercial Exchange Bank 1858 Terre Haute Indiana, guaranteed and redeemed at Keokuk Iowa by the Keokuk Exchange Bank. #C-407 unpriced in "Criswell's North American Currency," small hole cancelled. Crisp uncir- culated. $19.50 $500 City of New Orleans, Municipality No. One May 1, 1838, No. 2 note issued. This is also doubly rare because it is signed. Paid, extremely fine, only $35.00 $25 The Miss. & Ala. Railroad Co., Brandon, Miss. May 1, 1838 rare note stamped at left "Crafts J. Wright's Exch. Office, Cincinnati, Ohio." Four portraits, 2 sign., about fine $25.00 $4.50 Missouri Defense Bond 186 - watermarked W. T. & Co. Cr. #15 V.F $32.50 $1 Bank of Tekama, Burt County Nebraska, Sept. 1, 1857, v.g. -d- $20.00 $8 Peoples Bank of Patterson, New Jersey rare signed and dated May 1870, crisp unc. $35.00 $20 New York Safety Fund Scholarship certificate, undated, written signature, about fine rare issue $17.50 ORLEANS COIN SHOP (Helen H. Williamson SPMC #1850 — A.N.A. #204311 P. 0. Drawer 2347, New Orleans, La. 70116 WANTED TO TRADE Circulated Silver Certificates Please Help Me Before turning them into the Mint! I am trying to put together A COMPLETE COLLECTION of "POSITION NUMBERS" OF THE $1 1935 - 57 SERIES I still am missing a good many. If interested in helping by trading, let me send you a want list. E. HAROLD LANGDON P. 0. BOX 2154 NAPA, CALIFORNIA 94558 Recent Acquisitions I WRITE FOR OUR LATEST LIST OF LARGE U. S. PAPER MONEY. INCLUDING MANY WESTERNS, AND UNCUT SHEETS. ALSO HAVE IN STOCK MANY OBSOLETE N O T E S, REPUBLICS, CONFEDERATES, INDIAN TERRITORY CHECKS, AND UN- USUAL MISCELLANEOUS ITEMS. G ROY L. BAKER 1215 So. Owasso Tulsa, Okla. 74120 WANTED For Private Collection IOWA BROKEN BANK NOTES & LARGE & SMALL NATIONALS Interested in all, but especially the following FRIEDBERG NUMBERS: 380-93; 409-464; 558-586 ALL DATED REVERSE BILLS AND RED SEALS DEAN OAKES R.F.D. 2 Iowa City, Iowa SPMC 1322 LMANA 510 OBSOLETE MISC. $1000.00 Bond of Territory of Arizona. (Tribune Gold Mining Co.) V.F. and Dated 1908. $1000.00 Bond of Black Diamond Oil Co. of District of Columbia. A.U. and dated 1917. Stock Cert. of MASCOTTE GOLD MINING CO. OF COLORADO. E.F. 1899 . $500.00 Bond of Kansas City & Olathe Rly Co Beautiful. A.U. 1903. Stock Cert. of ROTARY STEAMBOAT & CARRIAGE CO. Ky. A.U. 18— . Stock Cert. of GOLD FIELD DEEP MINES CO NEVADA. V.F. 1920. Summit County Bank. Ohio. Sheet of 36-5¢ Bills E.F. $100.00 Bond of STAFFORD MEADOW COAL & IRON CO. Pa. A.U. 1858. Marietta, Pa. July, 1837. Sheet of 6 Bills. 2-1-50¢- 25¢-20¢-10¢. A.U. McKean County Bank. Pa. 1-1-1-2 E.F. Centennial Nat. Bank. Phila. Sheet of 5 Checks in BLUE. A.U. 187—. Stock Cert. of Manhattan Oil Co. TEXAS. V.F. 1901 $1000.00 Bond of WISCONSIN INTERURBAN SYSTEM. WISCONSIN. Beautiful. A.U. and dated 1917. I WANT TO BUY CERTAIN UNCUT SHEETS OF OLD BANK CHECKS. Frank F. Sprinkle P. 0. Box 864, Bluefield, W. Va. 24701 THE OFFICIAL GL ID II OF 1, NIT ED STA11 PAPER MONEY • ILLUSTRATED • LISTING AND PRICING OF LARGE AND SMALL SIZE NOTES. 1861 TO DATE $1.00 Postpaid THEODORE KEMM 915 West End Avenue New York, N. Y. 10025 16.75 9.25 4.50 9.75 11.00 5.75 49.50 8.75 29.75 500.00 8.75 5.75 12.50 WANTED FOR MY PRIVATE COLLECTION VERMONT NATIONAL BANK NOTES LARGE & SMALL For small notes I will pay $5 Fine $9 V.F. $12 X.F. $19 Crisp $25 $10 $13 $17 $25 $30 $20 $24 $29 $30 $40 $50 $55 $60 $65 $70 $100 $110 $115 $120 $135 For large Vermont notes please price and describe what you have or send for my offer. As all these notes are for my personal collection, I will pay as much as most dealers' selling prices. THANK YOU. GEORGE DAUDELIN SUGARBUSH RD., WARREN, VT. 05674 NEW BOOK! The Standard Handbook of Modern U. S. Paper Money by LEON J. GOODMAN, JOHN L. SCHWARTZ, and CHUCK O'DONNELL AVAILABLE THE FIRST WEEK IN DECEMBER ONLY $1.00 THE FIRST BOOK TO: —Price all Modern Silver Certificates and Legal Tender — Price all Star Notes —Price and list all Mules —List range of all Star Notes —Give all important Check Numbers —Price and list all Blocks — Price and list all Experimental Notes —List many heretofore uncatalogued varieties and price them —Give a complete check list . . . And much more! ! Only One Dollar Order from your coin store or direct from one of the authors. Regular dealer discount with purchase of 25 or more. LEON J. GOODMAN Box 388, Cooper Sta. New York, N. Y. 10003 MAIL $1.00 NOW TO: JOHN L. SCHWARTZ Box 832 New Canaan, Conn. 06841 CHUCK O'DONNELL Box 123 Williamstown, N. J. 08094 WANTED To replenish my constantly changing stock, I will buy, or trade for, any of the following currency: STARS FOREIGN ERRORS - FREAKS BLOCK LETTERS PLATE NUMBERS LOW SERIAL NUMBERS NATIONAL BANK NOTES large and small UNUSUAL SERIAL NUMBERS MILITARY PAYMENT CERTIFICATES . . AND REGULAR ISSUES I have thousands of varieties of the above types of currency. Send your Want Lists. I keep these on file, when I cannot supply, and advise when available—without commitment. $1.00 1963 I ALSO WANT THE FOLLOWING $1.00 $1.00 AT TOP PRICES: Any Denomination and Series A 0000 A 1928 Star (LT) 1935A R Star 00000001 00004810 G 0000 A 1928C Star 1935A S Star 00000022 00006665 ) 0000 A 1928D Star $2.00 00000027 00006572 K 0000 A 1928E Star 1928 Star 00000031 00008779 L 0000 A 1934 Star 1928A Star 00000041 00008888 F 000 A 1935 Star 1928B Star 00000243 28282828 G 000 Star 1928C Star 00002004 31313131 H 0000 Star 00004321 77777770 99999999 37383940 HARRY M. COLEMAN Box 3032 Tucson, Arizona 85702 ANA 53009 SPMC 955 PMCM 303 SUPERIOR CURRENCY (Ted Gozanski) P. 0. BOX 302, SUPERIOR, WIS. 54880 ALL CURRENCY CHOICE CRISP UNCIRCULATED UNLESS NOTED Denotes Star Notes CU-Crisp uncirculated CU $1.00 1928 U. S. Note (Red Seal) - Sale Price Crisp Uncirculated - Good Centering $21.50 CU with Narrow Margin 17.50 $1.00 SILVER CERTIFICATES 1928 12.00 1928A *35.00 XF 5.50 7.50 19288 XF 6.00 10.50 1928C XF 190. 235.00 1928D VG $35.00 190 00 1928E 650.00 (1928C, D & E Wanted in all Conditions - Star Notes Also Will Pay the Highest Prices in the Country - Write at Once) 934 AU 6.50 8.95 935 AU 7.50 10.50 935A * 9.00 2..75 935B *32.00 9.00 935C *10.00 XF 2.00 3.95 935D Wide Margin * 6.00 3.50 935D Narrow Margin * 5.00 3.25 935E * 4.25 2.50 935F * 3.00 1.75 935G With Motto * 5.00 3.00 935G No Motto * 3.00 1.95 935H * 3.00 1.95 957 * 2.00 1.95 957A * 2.00 1.95 957B * 1.95 1.75 $1.00 1935A Hawaii Overprint 6.50 $1.00 1935A Africa - Yellow Seal 9.00 1935A Red "S" F 15.00 XF 35.00 55.00 1935A Red "R" 70.00 Crisp Uncirculated Pair "R" & "S" 125.00 Circulated Pair "R - & "5" 25.00 Choice Crisp Uncirculated Set of $1.00 Silver Certifi- cates Including the Hawaii, Africa and R & S $1,295.00 $5.00 SILVER CERTIFICATES 1934 14.50 1934A XF *20.00 CU *27.50 14.00 1934B Choice with Very Good Centering 42.50 1934C 17.50 1934D *20.00 10.00 1953 *22.50 12.00 1953A *10.00 8.00 1953B 7.25 (Will Pay Premium Prices for 1953B Stars) Complete Set of Crisp Uncirculated $5.00 Silver Certificates $122.50 $10.00 SILVER CERTIFICATES 1933 Extremely Scarce Note - Seldom offered for sale VF 750.00 1934 25.50 1934A F *37.50 VF 17.50 32.50 1934B AU 265.00 1934C *22.50 18.50 1934D F *16.50 17.50 1953 25.00 1953A Wed 1953B 18.50 CU $2.00 U. S. NOTES ( LEGAL TENDER) Red Seal 1928 Choice Notes with Good Centering 32.50 1928A VG/F $15.00 (Wanted in Crisp Uncircu- lated - paying $60.00 send at once) 1928B VG 60.00 CU Wanted - Write 1928C F 5.50 18.50 1928D *30.00 VF 6.50 11.50 1928E VF 9.50 24.50 1928F VF 6.50 14.50 1928G VG * 9.00 VG 3.50 7.50 1953 * 7.50 5.50 1953A *10.00 5.25 1953B * 5.00 3.95 1953C * 4.50 3.00 1963 * 3.50 3.00 1963A * 4.50 3.00 $5.00 U. S. NOTES (LEGAL TENDER) Red Seal 1928 XF 14.50 17.50 1928A AU 42.50 55.00 1928B 25.00 1928C XF 12.50 19.00 1928D Wanted in VF thru Crisp Uncirculated 1928E 17.50 1928F 18.50 1953 *35.00 15.00 1953A *15.00 10.00 1953B *22.50 8.50 1953C *13.50 9.00 1963 * 8.00 6.50 Complete Set of Crisp Uncirculated $ 5.00 U. S. Notes $240.00 HAWAII OVERPRINT $ 1.00 1935A Hawaii 6.50 $ 5.00 1934 Hawaii Very Choice 55.00 $ 5.00 1934A Hawaii 29.50 $10.00 1934A Hawaii VG 12.50 29.50 $20.00 1934 Hawaii CU 995.00 Above in VG 42.50 F 100.00 XF 150.00 $20.00 1934A Hawaii VG/F 23.50 49.50 AFRICA - Yellow Seal $ 1.00 1935A Yellow Seal 9.00 $ 5.00 1934A Yellow Seal XF 15.00 22.50 $10.00 1934A Yellow Seal XF 16.50 27.50 $10.00 1934 Yellow Seal Wanted in Any Condi- t - on -- Pay Top Money Write ERROR & FREAK NOTES $1.00 1957 Mismatched Nos. G55-G54 F 20.00 $1.00 195713 Mismatched Nos. .... U37-U47 CU 39.50 I Have a Nice Selection of Error Notes in Stock Write for description and prices. $1.00 Complete Set of 12 Federal Reserve Notes 1963A Plain 14.50 1963A Star Set 14.95 I Have a Very Large Stock of Block Letters Send in Your Want List. Will Buy Silver Certificates At 25% Over Face Value Send ****************************************** ****************************************** ALL CURRENCY WANTED SMALL and LARGE SIZE, NATIONALS, FRACTIONALS, ERROR NOTES, STAR NOTES, ETC. STAR NOTES IS ONE OF MY SPECIALTIES - WILL PAY PREMIUM PRICES for all grades. WILL SELL, TRADE OR BUY U. S. CURRENCY ************************************************************************************ ORDERS AIR MAILED SAME DAY RECEIVED - PRICES INCLUDE POSTAGE SATISFACTION GUARANTEED Will Accept SILVER CERTIFICATES at 30% over Face Value on Purchase of any Currency U. S. CURRENCY A few good buys are listed below before the new Friedberg and Donlon catalogues are released. Numbers by Friedberg or Donlon. Legals Gold Certificates Fr. 42 XF $150.00 Fr. 1183 AU $125.00 Fr. 43 Unc, Gem 375.00 Fr. 1185 VF 70.00 Fr. 47 VF 55.00 Fr. 60 Unc, Gem 25.00 Fr. 64 Unc, Gem 70.00 Star Notes - - Large Currency Fr. 123 Unc, Gem 425.00 Fr. 126 AU 225.00 $1-1917 Legal F 15.00 Fr. 127 Ft Scarce 275.00 $1-1917 Legal VF 25.00 $5-1907 Legal AU 75.00 Silvers $1-1923 Silver F 15.00 $Fr. 282 Unc, Gem 150.00 1-1923 Silver AU 30.00 Fr. 289 AU, Scarce 400.00 $5-F.R.N. Chicago F 20.00 $1-F.R.N. Dallas VF 40.00 Coin Notes Fr. 356 Unc, Gem 200.00 Fr. 368 Unc, Gem 600.00 Nationals Fr. 392 Lazy 2 VF 360.00 F R B N Fr. 394 $5, Boston, Unc 240.00 Fr. 761 XF 65.00 Fr. 397 $5, Traders, Chi., Unc 175.00 Fr. 762 VF 50.00 Fr. 624 $10 Nebraska, Unc 110.00 Fr. 812 VF 225.00 Fr. 667 $50 Texas AU 125.00 Small Notes D 101-1, $1 - 1928 Legal Serial No. under 1200 Unc 40.00 D 210-1, $10 - 1933 Error, Vertical white streak on reverse AU 750.00 A201, $1 - 1935 A North Africa Unc 12.50 H520-2, $20 - 1934 A, VF plus 30.00 H520-1, $20 - 1934, XF-AU 175.00 $1 - 1963 K000092 xx Star Note 4.00 Broken Bank Notes My Choice 1.75 Have scarce $1 Hawaii Y-B to trade for Z-B, A-C, F-C, L-C, and P-C. Also have $1 North Africa R-C to trade for B-C, F-C, or I-C. Only two notes per trade. Wanted "Star" $1, North Africa Unc. KNOWLEDGE PROFESSIONk NUMISMATISTS .iNc S_ohn 91. etioto2, NUMISMATIST LIFE MEMBER A.N.A. 402 P.N.G. 65 P. 0. BOX 2381 • DALLAS, TEXAS 75221 1968 ED. "THE LITTLE BOOK WITH THE BIG IMPACT" DONLON'S "U. S. SMALL SIZE PAPER MONEY" LOADED WITH INFORMATION. NOT JUST A PRICE CATALOG. SAME LOW PRICE $1.10 PPD. USUAL DISCOUNT TO CLUBS AND DEALERS, DOZ. LOTS. MOOO EM j r A SAO SAM pROFE S S I ONk NuMI SM ATIsis % UiLD Nc WILLIAM P. DONLON United States Currency Exclusively and Full Time! A.N.A. 4295 Life Member No. 101 UTICA, NEW YORK 13503 S. P. M. C. No. 74 P. 0. BOX 144 IN THE SPOTLIGHT! GREEN SEAL FEDERAL RESERVE NOTES COMPLETE THIS RAPIDLY ADVANCING SERIES NOW! Will allow up to 80% of the following prices for STRICTLY UNC. PERFECT Notes. Will accept one in trade for each note ordered. For Federal Reserve notes not priced below, will allow 75% of catalog toward other purchases. $5.00 FEDERALS, 1928 TO 1963A. ALL UNCIRCULATED. A-1 B-2 C-3 D-4 E-5 F-6 FIRST DESIGN G-7 -10 K-11 L-12 1928 32.50 37.50 35.00 42.50 1928A 37.50 30.00 SECOND DESIGN 1928-B 29.50 THIRD DESIGN 1934 ILI 24.50 29.50 29.50 34.50 32.50 24.50 1934 ID) 34.50 21.50 27.50 29.50 22.50 1934-A 17.50 19.50 22.50 1934-B 19.50 24.50 1934-C 12.50 17.50 14.50 17.50 1934-D 10.50 12.50 12.50 12.50 FOURTH DESIGN 1950 10.00 12.50 12.50 13.50 13.50 1950-A 11.50 10.50 11.50 11.50 11.50 11.50 10.00 13.50 12.00 *15.75 1950-B 12.50 11.00 *12.00 12.00 12.50 11.00 13.50 12.00 '10.50 14.00 1950-C 10.00 11.50 11.50 9.50 11.50 10.50 11.00 12.50 *12.50 *14.00 *11.00 1950-D 10.00 10.00 11.00 11.50 11.50 10.00 10.00 13.00 10.00 1950-E x 7.75 x x x x 7.75 x x 8.50 FIFTH DESIGN '9.95 *9.50 *9.95 *9.00 *10.50 1963 9.00 8.50 9.00 7.50 9.00 9.00 9.50 9.00 *9.00 *9.00 *9.00 *9.00 *9.00 1963-A 8.75 8.00 8.00 7.50 7.50 8.00 8.00 8.00 8.00 8.00 SUPPLY LIMITED. SECOND CHOICE ADVISABLE.