Paper Money - Vol. XIII, No. 2 - Whole No. 50 - March 1974

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Paper Mene9 BIMONTHLY PUBLICATION OF THE society of Paper !honey Collector, Vol. XIII No. 2 Whole No. 50 March 1974 TRADERS AT FORT GAM,. MANITORA. Hudson's Bay Company Trade and Paper Money - Page 51 Bebee's, inc. "Pronto Service" 4514 North 30th Street Phone 402-451-4766 Omaha, Nebraska 68111 SUPERB UNCUT SHEETS Beautiful Crisp New Sheets - in the Forefront of Today's Great Rarities. Move UP Your Collection to the "Blue Ribbon Winner" Class with these "Museum Show-Pieces." All Offers Subject to Prior Sale. NATIONAL SHEETS OF FOUR 1882 $5 Second Charter Brown Back. F-467. St. Paul National Bank, St. Paul, Nebraska. All Brown Back Sheets are Rare 1,699.50 1902 $5 Third Charter. F-607. The National Park Bank, New York, N.Y. Splendid Crisp New Sheet 949.50 1902 $5 Third Charter, F-595. Red Seal. The Eouitable National Bank, City of New York. All Red Seal Sheets are Rare, this one Excessively so 2,149.50 1902 $5 Third Charter. F-611. The Dunbar National Bank, New York, N.Y. With Rare Woods/Tate signatures. Low No. 11 Sheet 1,299.50 1902 $10(3), $20 Third Charter. F-637, 663. Same Bank and Rare Signatures. A nice Companion Sheet to above $5 Sheet. 1,499.50 The Above Pair-Special this Month only 2,599.50 SUPERB SHEETS OF TWELVE 1928 $1 Legal. Woods/Woodin. Small Red Seal. Only Eleven Sheets were issued but some were cut up-and only Seven Sheets are known to exist. This Great Rarity=Truly a "Museum Item" can be yours for 7,949.50 1935A $1 Hawaii Overprint. Julian/Morgenthau. Only Twenty- five Sheets were issued=this one Just as Nice as the Day it left the Treasury Department 2,499.50 1935A $1 North Africa. Signatures as last. Only Twenty-five Sheets were issued. This Great Rarity also a Gem Sheet 3,499.50 SPECIAL=the Above Pair 5,499.50 LEGAL TENDER SHEETS 1928C $2 Julian-Morgenthau. Only Twenty-five Sheets were issued 989.50 1928E $2 Julian/Vinson. Only Fifty Sheets issued 1,189.50 1928F $2 Julian/Snyder. Only One Hundred Sheets were issued 699.50 1928G $2 Clark/Snyder. One Hundred Sheets issued 699.50 1928D $5 Julian/Vinson. Single Notes bring $100 each. This Very Rare Sheet 1,949.50 1928E $5 Julian/Snyder/Only One Hundred Sheets issued 949.50 1928F $5 Clark/Snyder. This Very Rare Sheet for 919.50 SILVER CERTIFICATE SHEETS 1928D $1 Julian-Woodin. Only Sixty Sheets were issued. Single Notes List $275.00. This Sheet worth Far More 3,499.50 1935A $1 Julian-Morgenthau. Only 100 Sheets issued 749.50 1935B $1 Julian/Vinson. Very Rare 949.50 1935C $1 Julian/Snyder. Only 100 Sheets 699.50 1935D $1 Clark/Snyder. Wide Reverse 669.50 1934B $5 Julian/Vinson. Number issued not known, but Very Rare 1,699.50 1934C $5 Julian/Snyder. Only One Hundred Sheets issued 949.50 1934D $5 Clark/Snyder. One Hundred Sheets issued 899.50 SHEETS OF EIGHTEEN 1935D $1 Silver Certificate, Clark/Snyder. Only 102 Sheets issued 999.50 1935E $1 Priest/Humphrey (Pay $600 for Gem Sheets) 849.50 1953 $5 Signatures as last. Only 100 Sheets issued. Also Wanted 1,899.50 1953 $10 Same Signatures. Only 100 Sheets issued. Wanted= Please make Offer. WRITE 1953 $2 Legal. Same Signatures-and Number Issued. Also Wanted 1,149.50 1953 $5 Same Signatures=100 Sheets issued. Also Wanted 1,699.50 WANTED - LARGE CURRENCY WANTED SAMPLE BUYING PRICES OK to Ship Notes that Meet the following Described Buying Requirements: Perfect Gem Crisp New Crisp New 1862 $1 F-16/17 $160.00 $190.00 1896 $1 F-224/225 1862 $2 F-41/41A 350.00 435.00 1896 $2 F-247/248 1869 $1 F-18 165.00 215.00 1896 $5 F-268/270 1869 $2 F-42 385.00 450.00 1896 Set (3) 1880 $1 F-31/33 410.00 475.00 1899 $5 F-271/281 1880 $10 F-100/113 135.00 175.00 192.3 $1 F-239 1901 $10 F-114/122 190.00 230.00 1923 $5 F-282 1923 $10 F-123 480.00 550.00 COIN NOTES SILVER C'E'RTIFICATES 1890 $1 F -347/349 1890 $2 F-353/355 1886 $1 F-215/218 140.00 180.00 1890 $5/$1,000 1886 $1 F-219/220 145.00 185.00 1891 $5 F-365 1886 $1 F-221 245.00 285.00 1891 $10/$50 1886 $2 F-240/244 165.00 230.00 1886 $5 F-259/264 850.00 950.00 NATIONALS 1886 $5 F-265 900.00 1,000.00 $1 First Charter 1891 $1 F-222/223 95.00 115.00 $2 First Charter 1891 $2 F-245/246 435.00 500.00 $5/$1,000 First Charters 1891 $5 F-266/267 280.00 335.00 $5/$100 Second Charters Perfe t Gem Crisp New Crisp New $ 0. $240.00 435.00 500.00 680.00 775.00 1,350.00 1,575.00 125.00 150.00 60.00 70.00 180.00 225.00 325.00 365.00 645.00 700.00 Write Write 450.00 500.00 Write Write 190.00 250.00 775.00 875.00 Write Write Write Write In order to Merit the above Buying Prices, Notes Must meet these Requirements: GEM CRISP NEW=Must be Clean, Bright Notes, Well Centered, Perfect Corners, and no Pinholes, Brown Spots or Counting Smudges PERFECT CRISP NEW=Equally as Nice as Gem CN-except not quite as well centered. We are also Buying many Scarce/Rare Notes (no 1914 Fed. Reserve) in Fine to Crisp New. Especially need All Territorials, California Gold Bank Notes, lst-2nd-3rd Charter Nationals, Gold Certificates, Demand Notes, Compound & In- terest Bearing Notes. Please describe Notes-Why Wait to Sell-When Bebee's Will Pay You More. Hurry Up-Act NOW ! * * IMPORTANT BOOKS-POSTPAID * * It Pays BIG Dividends to KNOW Your Coins & Paper Money. Send $1 for our Big Book Catalog (Free with Order). It Lists over 100 on Currency + Hundreds on Coins. Bradbeer's "Confederate & Southern States Currency". Reprint of the Original Standard Reference work (162 pages)=Includes 115 pages of articles from the Numismatist on Confederate Currency and Texas Treasury Notes, as revised by the late Charles E. Green-and Reprinted by Bebee's in 1956. Size 9x6, nicely bound. A MUST on this Series 10.00 Criswell's "North American Currency" 2nd Edition. 942 pages, 2,669 Illustrations Includes Canadian & Mexican Currency. State Issues of Currency & Bonds 15.00 SPECIAL=Above Two Books 21.00 Friedberg's "Paper Money of the United States". 7th Ed. (Only $10.50 with Order) 14.00 Gaytan's "Catalog of Mexican Currency". 1971, 300 pages, 2,000 Listings, Values 12.50 Add 50c to Book Order-for Faster P. 0. Mail Delivery. WANTED-STAR Notes, Packs (100) 1969B Dist. 9, 1969C Dists. 2, 4, 9, 11, 12; 1969D Dists. 2, IF you can supply 1 or more Packs. 100% Satisfaction Guaranteed. Please add $1.00 under $50.00. Nebraskans add Sales Tax. 6, 7, 9. Please Write 65 65 66 68 70 FEDERAL RESERVE CORNER —Nathan Goldstein II THE CHECKBOOK BANK STATEMENT TELLS CIVIL WAR STORY —J. Roy Pennell, Jr. WORLD NEWS AND NOTES —M. Tiitus THE UNITED STATES POSTAL NOTE —Nicholas Bruyer The Society of Paper MOney Collectors, Inc. Paper 4tone9 Official Bimonthly Publication of THE SOCIETY OF PAPER MONEY COLLECTORS, INC. Vol. XIII - No. 2 Whole No. 50 March, 1974 BARBARA R. MUELLER, Editor 225 S. Fischer Ave. Jefferson, WI 53549 Tel. 414-674-5239 Manuscripts and publications for review should be addressed to the Editor. Opinions expressed by the authors are their own and do not necessarily reflect those of SPMC or its staff. PAPER MONEY reserves the right to edit or reject any copy. Deadline for editorial copy is the 1st of the month preceding the month of publica- tion (e.g., Feb. 1 for March issue, etc.) SOCIETY BUSINESS Correspondence pertaining to the business affairs of SPMC, including membership and changes of address, should be addressed to the Secretary at P. 0. Box 8984, Fort Lauderdale, FL 33310. IN THIS ISSUE: CONTENTS HUDSON'S BAY COMPANY TRADE AND PAPER MONEY —Forrest W. Daniel 51 RAILROAD SCRIP ISSUED IN FLORIDA FROM TERRITORIAL DAYS THROUGH THE CIVIL WAR —Warren S. Henderson 59 THE TERRITORIAL NATIONAL BANKS OF THE HAWAIIAN ISLANDS • —M. Owen Warns 62 UNIQUE CALIFORNIA BROWN BACK SHEET —M. Owen Warns 62 THE QUINTESSENTIAL QUINTET —Morey Perlmutter 64 SPMC CHRONICLE 77 EDITORIAL 78 LIBRARY NOTES —Wendell Wolka 78 SECRETARY'S REPORT —Vernon L. Brown 80 MONEY MART t etr 83 SOCIETY OF PAPER MONEY COLLECTORS INC. Founded 1961 PAPER MONEY is published every other month beginning in January by The Society of Paper Money Collectors, Inc., J. Roy Pen- nell, Jr., P. 0. Box 858, Anderson, SC 29621. Second class postage paid at An- derson, SC 29621 and at additional entry office, Federalsborg, MD 21632. Annual membership dues in SPMC are $8.00, of which $5.25 are for a subscrip- tion to PAPER MONEY. Subscriptions to non-members are $10.00 a year. Individual copies of current issues, $1.75. © Society of Paper Money Collectors, Inc., 1974. All rights reserved. Reproduction of any article, in whole or in part, without express written permission, is prohibited. ADVERTISING RATES Space Outside 1 Time Contract Rates 3 Times 6 Times Back Cover $40.00 $108.00 $204.00 Inside Front & Back Cover 37.50 101.25 191.25 Full page 32.50 87.75 165.75 Half-page 20.00 54.00 102.00 Quarter-page 12.50 33.75 63.75 Eighth-page 8.00 21.60 40.80 25% surcharge for 6 pt. composition; en- gravings & artwork at cost + 5%; copy should be typed; $2 per printed page typing fee. Advertising copy deadlines: The 15th of the month preceding month of issue (e.g. Feb. 15 for March issue). Reserve space in advance if possible. PAPER MONEY does not guarantee adver- tisements but accepts copy in good faith, reserving the right to reject objectionable material or edit any copy. Advertising copy shall be restricted to paper currency and allied numismatic mate- rial and publications and accessories related thereto. All advertising copy and correspondence should be addressed to the Editor. society oif Paper litoney Collect-m:5 OFFICERS President J Roy Pennell, Jr. P. 0. Box 858, Anderson, S. C. 29621 Vice-President Robert E. Medlar 4114 Avenue Q, Lubbock, Texas 79412 Secretary Vernon L. Brown P. 0. Box 8984, Fort Lauderdale, Fla. 33310 Treasurer M. Owen Warns P. 0. Box 1840, Milwaukee, Wis 53201 APPOI N TEES Editor Barbara R. Mueller Librarian Wendell Wolka Attorney Ellis Edlow BOARD OF GOVERNORS Thomas C. Bain, Vernon L. Brown, Forrest W. Daniel, James N. Gates, Maurice M. Gould, David A. Hakes, William J. Harrison, Brent H. Hughes, Robert E. Medlar, Eric P. Newman, Charles O'Donnell, J. Roy Pennell, Jr., Glenn B. Smedley, George W. Wait, M. Owen Warns. When making inquiries, please include stamped, self-addressed envelope. Society Library Services The Society maintains a lending library for the use of mem- bers only. A catalog and list of regulations is included in the official Membership Directory available only to members from the Secretary. It is updated periodically in PAPER MONEY. For further information, write the Librarian—Wen- dell Wolka., P.O. Box 366, Hinsdale, III. 60521. The Society of Paper Money Collectors was organized in 1961 and incorporated in 1964 as a non-profit organization under the laws of the District of Columbia. It is affiliated with the American Numismatic Association and holds its an- nual meeting at the ANA Convention in August of each year. MEMBERSHIP—REGULAR. Applicants must be at least 18 years of age and of good moral charter. JUNIOR. Applicants must be from 12 to 18 years of age and of good moral char- acter. Their application must be signed by a parent or a guardian. They will be preceded by the letter "J". This letter will be removed upon notification to the secretary that the member has reached 18 years of age. Junior members are not eligible to hold office or to vote. Members of the A.N.A. or other recognized numismatic organizations are eligible for membership. Other applicants should be sponsored by an S.P.M.C. member, or the secretary will sponsor persons if they provide suitable references such as well known numismatic firms with whom they have done business, or bank references, etc. DUES—The Society dues are on a calendar year basis and are $8.00 per year, payable in U.S. Funds. Members who join the Society prior to October 1st receive the magazines already issued in the year in which they join. Members who join after October 1st will have their dues paid through December of the following year. They will also receive, as a bonus, a copy of the magazine issued in November of the year in which they joined. One of the stated objectives of SPMC is to "encourage research about paper money and publication of the re- sultant findings." In line with this objective, the following publications are currently available: OBSOLETE BANK NOTE LISTING SERIES Hard-covered books profusely illustrated Texas Obsolete Notes and Scrip by BOB MEDLAR Postpaid to members, $6.00 Others, $10.50 Florida Obsolete Notes and Scrip by HARLEY L. FREEMAN Postpaid to members, $4.00 Others, $5.00 Vermont Obsolete Notes and Scrip by MAYRE B. COULTER $10.00 postpaid —Dealers—Write for Quantity Prices to J. Roy Pennell, Jr. P. 0. Box 858, Anderson, SC 29621 Back Issues of PAPER MONEY $1.00 each while they last All issues from Vol. 4, No. 2, 1965 (Whole No. 14) to date. Earlier issues are in short supply. A limited supply of bound books containing two volume- years each also available for $12.50 per book. Specify Vols. 5 and 6 (Nos. 17-24) ; or 7 and 8 (Nos. 25-32) ; or 9 and 10 (Nos. 33-44). Send remittances payable to The Society of Paper Money Collectors, Inc. J. ROY PENNELL, JR. P. 0. Box 858, Anderson, S. C. 29621 Be Sure To Include Zip Code! The National Bank Note Issues of 1929-1935 by M. 0. WARNS-PETER HUNTOON-LOUIS VAN BELKUM This is a hard-covered book with 212 large pages and 329 illustrations. $9.75 Postpaid $12.00 to Others Send remittance payable to The Society of Paper Money Collectors, Inc. M. 0. WARNS P. 0. Box 1840, Milwaukee, Wis. 53201 Be Sure To Include Zip Cide! C.... ....(77TO THE MAChEN7IE RIVER 4,, , to. cer_ 50 0 t' 4Cetilye """ HUDSON'S BAY CO. TRANSPORT ROUTES--,„ MILES Portage I -",,SJ--- 6Rat Pottage Lake of the Woods Kottorostiquia R.; Lac Is Pluie Fort, FIRIC/R t Snelling Paper Money PAGE 51WHOLE NO. 50 Hudson's Bay Company Trade and Paper Money By FORREST W. DANIEL THE HISTORICAL BACKGROUND 0 NE of the least known and scarcest categories ofpaper money used in North America was issuedby the Hudson's Bay Company in Rupert's Land, now the central west of Canada. The period of issue was approximately the 50 years between 1820 and 1870, by which time all of the territory controlled by the Company had been added to the Dominion of Canada. Circulation of the notes was centered in what is now Manitoba, with extended use in North Dakota and Minnesota. While definite information concerning the notes is scanty, it is evident from the Company's trade policies that circu- lation was small and well controlled. A glance at those policies may enlarge the aspect of their use. The isolation of the enclave and the privacy of the Company's business monopoly made the area almost terra incognita for many years. Curiously, the very activities of the men who inspired the formation of the Company became its bane in later years. FRENCH PIONEERS N 1656, two unlicensed traders from Quebec, Pierre Esprit Radisson and Medard Chouart, sieur des Grosseilliers, returned from the far interior with a large number of furs purchased from the Indians. Market conditions were such that their peltry was purchased rather than confiscated. Four years later the fur market was overstocked and their unlicensed furs were confis- cated. In protest they decided to complain directly to the king; but in Paris they were rebuffed and eventually made their way to London in 1665. In England their story of the richness of the area west of Hudson Bay was well received by persons of in- fluence in court circles, London business, and the Royal Society. By 1668, financing was arranged to send two ships on a trading venture to Hudson Bay. One of the ships was damaged and did not make the trip ; but the ketch Nonsuch with Groseilliers aboard reached the bay and spent the winter trading on the East Main coast of James Bay. When the Nonsuch returned in October 1669, it bore a cargo of prime beaver skins. CHARTERING OF THE COMPANY THE success of the trial voyage was such that thesponsors sought a royal charter for a trading com-pany. The Governor and Company of Adventurers of England Trading Into Hudson's Bay was chartered May 2, 1670, with Prince Rupert, cousin of the king, as governor. The stockholders were men of high birth and influence in the English court. The charter granted ex- clusive trading privileges and absolute ownership of the territory drained by rivers flowing into Hudson Bay, known as Rupert's Land, and vested the government and the execution of justice in the territory to the governor and council. The charter was brought under fire several times but it was always sustained until the 1860s, when the land ownership was surrendered to Canada. The Company established a regular trade between Lon- don and Hudson Bay, establishing York Factory as head- quarters at the mouth of the Nelson River. For a long time the Company traded only along the shores of the bay, establishing only five posts in 15 years. While the English did not, at first, move inland, the French from Canada began to expand into the area they had once forbidden tot Radisson and Groseilliers. They occupied some of the Company's posts at times and were expelled as often. The peace treaties of several wars between England and France (known in America as the French and Indian Wars) often determined "legal" possession of the posts; but in 1763, the possession of Canada passed to England so the neighboring lands became "friendly." English ownership of Canada did not eliminate its competition with the Company. The Canadian (formerly French) trappers were the same intruders they had been before but they began to concentrate in areas the Com- pany had thus far ignored. The voyageurs, commemorated on the Canadian silver dollar, opened the land north of the Great Lakes to the Red River of the North. These hardy frontiersmen employed by the Montreal-based North West Company pushed a regular network of canoe trails and portages through the rivers, lakes and dense forests of the Precambrian shield. The canoe was the only means PAGE 52 Paper Money WHOLE NO. 50 of transportation practical to cross that broad area which had helped isolate the Company's land in earlier days. French forts had been established on Lake Superior and Lakes Manitoba and Winnipeg, and other points throughout the southern area where the Hudson's Bay Company was to center its activities later on. These and other posts were in the hands of the North West Com- pany; and when the Hudson's Bay Company decided to expand its activities with inland posts in its own land, it often found its competition occupying the most logical spots for trading. One of these spots was at the junction of the Pembina and Red Rivers, a location now in North Dakota and a point important to this story Charles Chaboillez built five buildings at the mouth of the Pembina River in 1797, but abandoned the place the next spring after high water. The North West Com- pany established a post there in 1801 as did the XY Company. The latter groups reconsolidated in 1805. The Hudson's Bay Company was established at Pembina by 1807. Competition between the companies was bitter. Hud- son's Bay Company claimed exclusive ownership of the land and its product but the others claimed rights of first occupation. The men and times were rough and tough and fighting between the men of the opposing companies often was bitter. TRADING WITH THE INDIANS HE fur companies traded with the Indians exclusively by barter for furs at their various outposts but there were differences. The English company brought in all its trade goods and shipped its furs by ship from its factory post on Hudson Bay. The North West Company and others used the canoe and portage trails to Canada. A report dated August 17, 1857, from the Select Com- mittee on the Hudson's Bay Company, a parliamentary investigation, gave this description of the style of trade at the Company's posts. "Thus, an Indian arriving at one of the Company's establishments with a bundle of furs, which he intends to trade, proceeds, in the first instance, to the trading room; there the trader separates the furs into lots, and, after adding up the amount, delivers to the Indian a number of little pieces of wood, indicating the number of made-beaver to which his hunt amounts. He is next taken to the storeroom, where he finds himself surrounded by bales of blankets, slop-coats, guns, knives, powder horns, flints, axes, &c. Each article has a recognized value in made-beaver. A slop-coat, for example, is 12 made-beavers, for which the Indian delivers up 12 of his pieces of wood; for a gun he gives 20; for a knife, 2; and so on, until his stock of wooden cash is expended." The subject of the use of liquor as an article of trade with the Indians also came under investigation. Governor Simpson stated that liquor was never used as a medium of barter; but he acknowledged that liquor was sometimes given as a present after trading had been concluded. "Where we have opposition, we must in order to get furs, do as other parties do, but we never sell liquor." Both sides used the same excuse. The minutes of the Council of the Northern Depart- ment of Rupert's Land between 1830 and 1843 show how and where liquor was used. It was resolved in 1837 that liquor be not made an article of trade or a medium of barter in any part of the country and that not more than two gallons of spirituous liquor and four gallons of wine be sold to any individual in the Company's service. In 1841, it was resolved that no liquor be given to Indians at York Factory, Churchill, and Severn; and that in lieu of that commodity an equal value of ammunition and tobacco be given. Eight kegs of spirits were furnished the Lac la Pluie District in 1842 and 1843 for distribution as gratuities to Indians at Fort Francis, Rat Portage, and Lac du Bois Blanc. There was competition in the south. The Canadian fur trade had another by-product of its establishment in the west: an increasing group of people of mixed European and Indian blood—half breeds known now as Metis. Men of the Hudson's Bay Company signed up as employees for a period of years, and many to allay the loneliness of their isolation took Indian women as wives. The French Canadian traders, too, married Indian women and the result was an increasing native-born popu- lation. Before the number of Metis became great the fur companies employed the men in the trade, but with increas- ing numbers they began to establish their own communities near established posts. Company rules forbade anyone but employees to deal in furs in any manner. A half-breed was not permitted to trade for the furs of an Indian even at the Company price or for delivery to the Company. So the activities of the Metis people was largely limited to occasional employment by the Company and hunting buffalo to supply meat, hides and pemmican to the Company. These people play an important role in the development not only of this story of finance but the culture of the area. IMMIGRATION FROM SCOTLAND OR more than a century and a quarter the Company's fur trade developed from a few scattered posts around Hudson Bay to a system of inland posts connected to York Factory on the Nelson River. The three fur trade posts having the greatest bearing on the subject of this paper are York Factory, and the ones at the mouths of the Assiniboin River and the Pembina River, where each joins the Red River. Thomas Douglas, Earl of Selkirk, a Scottish nobleman, took an interest in the Company and began purchasing its stock. He owned or had proxies for enough stock by 1811 that he was able to gain control of the Company. Selkirk was a man of humanitarian ideals and sought a grant of Hudson's Bay Company land to establish a colony of Scottish crofters who were being displaced by the land reforms in their homeland. For a token pay- ment of ten shillings, he was granted 116,000 square miles comprising the area of North Dakota and Minnesota north of the continental divide and southern Manitoba. The first of the Selkirk colonists arrived later in 1811, and were forced to spend the winter at York Factory. The next year they arrived at the site selected for the settlement, at the mouth of the Assiniboin River where the city of Winnipeg now stands, too late in the summer to plant crops for their own food. When winter came there was not food enough at the settlement for the colonists so they journeyed on up the Red River to Pem- bina, where the half-breed community fed and housed them during the winter. In the spring the immigrants returned to the Assiniboin, established Fort Douglas, and planted crops. The next few years was a succession of crop failures added to inadequate food, lack of farming equipment, and more immigrants from Scotland and Ireland. Winters were spent at Pembina where the bounty of the half- breeds sustained them. There was further friction be- tween the Hudson's Bay Company and the North West Company; both had posts at Pembina and in the vicinity of the Selkirk settlement. Open warfare broke out at times to the point where Lord Selkirk brought in soldiers to restore order. The soldiers were veterans of the War of 1812 mostly from the de Meuron regiment and made up of Germans, French, Italians and Swiss. A group of Swiss immigrants arrived in 1821 to enlarge the colony but many of them left after a few years. Following the crop failure of 1819, a group of men set out for Prairie du Chien on the Mississippi River. They reached there on snow shoes after three months and Purchased 250 bushels of seed wheat at 10 shillings per bushel. It was the first commercial contact with the United States from this direction, a trade that was to develop over the years. The wheat was returned to the WHOLE NO. 50 Paper Money PAGE 53 PFAtlilti.i. Red River hunters returning to the fur trade post at Pembina with Red River carts loaded with buffalo hides or trade goods. (State Historical Society of North Dakota Collection.) colony, by now called Red River Settlement, by boat and arrived in June—too late to produce a supply of food but it did produce enough seed to keep the colony supplied with wheat from them on. The merger of Hudson's Bay Company and the North West Company in 1821 produced a variety of effects in Rupert's Land. Competition was eliminated and the Com- pany was in full control of trade in its own land, and all of the fur trade business was carried on through Hudson Bay. Many of the employees of the North West Company became unemployed members of the community. The canoe and portage trails of the Canadian company returned to their natural state through disuse; this played an important part in later political history. ACTION SHIFTS TO RED RIVER SETTLEMENT B Y this time the central point of action in the storyof the Hudson's Bay Company is at the mouth ofthe Assiniboin River known as Red River Settle- ment or Fort Garry, the name of the Company's post. The administrative seat of the colony and the Company was there. Another square of the checkerboard was at Pembina, and for a time its position was in doubt. The treaty of peace of 1818 following the War of 1812 set the northern boundary of the United States at the 49th parallel of latitude. It was obvious that all of the Company's land below that line was ceded to the United States, but the post at Pembina was so near the line its position was in doubt. In 1823, the Company abandoned the post it had taken over from the North West Com- pany at Pembina because it was too far south. Major Stephen H. Long of the topographical engineers of the United States marked the parallel in August, 1823. Captain John Pope renewed the position in 1850. The Company had reestablished its post and store a quarter mile to the north a few years before. In May of 1871, Captain David Porter Heap took observations and placed stakes 4,600 feet north of the previously established boundary and failed to file a report. The United States Collector of Customs at Pembina stepped in to assess duty on the Company's stock. In the emergency a joint British and United States Boundary Commission was set up and the formal survey began in 1872. The Company's post was found to be north of the line, but the Canadian Customs House was 540 feet south of the reestablished border. The influx of settlers from Europe brought a change to the economic situation in Red River Settlement. The product of their farms was small—in the first years scant. They had been expected to furnish provisions not only for themselves but to supply the needs of the Com- pany, perhaps even produce enough for export. The Com- pany tried to assist in many ways. Experimental and model farms were established. Seed and cattle were imported but flax crops rotted in the fields and the cattle died of neglect. Other enterprises were started, financed, and failed. Alexander Ross, an employee of the Com- pany, said that the enterprises were managed by Com- pany managers who had no experience in the type of work they were supervising, and that the half-breed population they were attempting to bring into productive pursuits had little interest in agriculture and went off hunting buffalo instead of tending their fields. THE FIRST CIRCULATING CURRENCY THE increasing population had need of a circulatingmedium of exchange. The immigrants brought littlecash to the settlement, for they were poor. It is said they were required to turn all of their money over to Selkirk on the promise that all their needs would be supplied at the colony. Goods were sold on credit, to be paid for in labor or produce. According to some accounts the procedure was poorly managed and so un- satisfactory that no one could receive an accounting. There was some reform in 1822, and in 1824 credit was discontinued and a ready money system introduced. At the same time the Company also limited the hours the store was open. Great hardship ensued, especially among the half-breed people who had never been accustomed to a money system. The change to the ready money policy at the Company store appears to coincide with the release of the first PAGE 54 Paper Money WHOLE NO. 50 TRADERS AT FORT GARRY. MANITOBA. Old Fort Garry at Red River Settlement. The building at the right is the Company's store where Indians and white trappers sell their furs for supplies or, possibly, Company paper money. Hudson's Bay Company promissory notes. The first ship- ment of notes, 2,000 of one pound and 4,000 of five shill- ings each, arrived at York Fa c t or y in 1820 with instructions for their use at York Factory, the Depot for Athabasca, Cumberland House, and the Red River Shop. Governor William Williams at York Factory and the governor of Red River Settlement, Andrew Bulger, felt use of the notes would be helpful, but the reluctance of George Simpson, governor of Rupert's Land, delayed their release until 1824 for the one pound notes and 1826 for the five-shilling notes. Simpson feared the notes would be hoarded by the settlers and presented for cash rather than goods. Belief in the old Indian-type of credit and barter was still strong within the leadership of the Company in spite of its parallel support of a rising non-nomadic community. Simpson's opposition to the notes eased later, and they did come into the economy at Red River, although under strict Company control. The 1830s was a decade of experiment in Red River. An attempt to produce cloth from buffalo wool had failed, so a sheep wool project was started. Alexander Ross states that the proposed capital of the company was three times greater than the total money (1,900 pounds) in circulation in the colony of about 5,000 population. That plan failed as did the other grandiose schemes of the Company and settlers. COMPETITION FROM INDEPENDENT TRADERS W HILE the Company did not encourage competition,it tolerated the rise of petty traders in the com-munity if they were licensed by and sold their furs to the Company. Others chose to import goods from the United States, and a regular trade with Mendota, and later St. Paul, developed avoiding the duties imposed by the government of Assiniboia, the Company's civil name. These private dealers provided trading hours when the Company store was closed and advanced credit in the established manner after the Company had gone to the ready money policy. Some of the petty traders prospered while others failed ; but their number and volume in- creased. Meanwhile American traders moved near the border. Norman Kittson of the American Fur Company esta- blished a post at Pembina in 1843. Trade of the independ- ent traders was lured across the border, and traffic be- tween Pembina and St. Paul was developed by Joe Rollette and others using Red River carts. These carts were a local development using no metal in their con- struction and capable of hauling loads up to 900 pounds. In time three routes were wheelworn into the prairie sod to the south, each having advantages depending on load and weather. International trade increased to the point requiring a United States Customs House to be established at Pembina in 1851. Six carts made the round trip to Mendota in 1844; in 1851 there were 102; in 1857, 500, and in 1858, 600 carts made the trip to St. Paul. The beginning of steamboat traffic on the Red in 1859 cut the necessity for so many carts that year and later. The activities of the independents violated the rules set by the Company for petty traders. Those rules, of course, were set to the Company's advantage, and to en- force them threats were made to withdraw the circulat- ing notes of the Company if the illicit traffic was not curtailed. In 1845 Governor Alexander Christie closed the access of licensed traders to Company ships on the Hudson Bay route and replaced the Company's ordinary bills of exchange with a non-negotiable currency intended for use in the settlement only.* It had little effect, however, on the small-volume trader. In June, 1846, a petition was drawn and signed by 977 persons asking that the Company place silver money * NOTE : This citation is from "Minnesota and the Manifest Destiny of the Canadian Northwest," by Alvin C. Gluek, Jr., which gives as source a letter from Christie to Simpson dated December 31, 1845. No note of this issue is listed in "Paper Money of the Hudson's Bay Company" by Larry Gingras. WHOLE NO. 50 Paper Money PAGE 55 " ANFAM NORTI1171.." The "Anson Northrup," first steamboat to haul Hudson's Bay Company freight on the Red River in 1859. (State Historical Society of North Dakota Collection.) in circulation rather than the notes which were payable 60 days after presentation in London. They also asked that the Company furnish a market for produce at rea- sonable prices and discontinue its practice of confiscating furs it suspected might be smuggled out of the country. The petition stated: "The Company gives in circulation, bills; the exchange thereof cannot be received but in London, a thing which is impossible to the greatest num- ber of us. Could we not have a right to require that exchange of them be done in this country, and in the most central part of the colony? "Already the chief factor, named governor of Assini- boia, has made us to understand that he might suddenly stop the course of the money-papers, which would expose us to losses, and occasionate great difficulties in our transactions. In order to avoid a danger of which we have threatened, and that the least pretext in a quick- minded man might lead to execution, the commissionary shall invocate the influence of his Lordship, in order to obtain that silver money be put in course in this country; the bank-houses or Company-house being too far off from us." The growth of petty trading, once looked upon as an advantage to the colony, became detrimental to the settle- ment in the view of Alexander Ross. He said money scarcely circulated, as it disappeared as soon as it entered a shop door—and that nearly every door was a shop door. Ross said there were 102 English importers in 1847, and that nearly that many more were importing from the United States. These petty traders imported goods to a value of £11,000 annually at a time Ross reports there was only £5,000 in circulation. TRADE THROUGH MINNESOTA K IT TSON's trading at the post in Pembina drainedmany furs into the American trade and in turnbrought American goods into the hands of the petty traders on both sides of the line. The trade was so active that accounts were settled not only by cash but by bills of exchange on London or New York. The source does not say so, but the London bills may well have been Hudson's Bay Company bills. The expansion of free trade effectively broke the monop- oly of the Hudson's Bay Company. Minnesota merchants were eager to extend their trade to the north and settlers began to move up along the trails. With nearly year- round trade to the south, the Company's system of annual shipments from London by way of Hudson Bay became an expensive anachronism. In the mid-1850s, the Company began sending its mail through the United States via Pembina and St. Paul; replies were enabled to arrive in weeks instead of a year. Investigation showed freight could be imported over routes through the United States more economically and faster than by the Hudson Bay route. Trans-shippers were employed in New York to ship the goods in bond to St. Paul, where the Burbank brothers warehoused 400 to 600 tons of freight annually for ship- ment by cart to Fort Garry, the later name for the Red River Settlement. By 1875, 37,000 tons passed through the United States. With the entrance of the Hudson's Bay Company into shipment over the Minnesota trade routes, the Company eventually dominated that freight route. A trading post and depot was built at Georgetown, now Minnesota, on the Red River to facilitate that com- merce in 1859. The steamboat Anson Northrup was launched on the river the same year with the anticipation of hauling freight down river to Fort Garry. When a dispute over proposed freight rates ensued, the steam- boat was purchased by the Company in the name of the Burbank brothers. It appears that the Hudson's Bay Company, as a silent partner, used the Burbanks as a cover for their activities in the United States in case there was any question of extraterritoriality. Several more steamboats were added to the trade, and activity at Georgetown grew. The Company owned the property at Georgetown until 1880. It seems a reasonable assumption that since the Com- pany dominated the freight trade after they transferred their route through Minnesota that Hudson's Bay Com- pany paper money had some circulation or acceptance there. There are a few mentions of use of the money as far south as St. Paul in numismatic periodicals, but no details. Notes of the only reputable bank of issue in Minnesota in territorial days were suppressed, accord- PAGE 56 Paper Money WHOLE NO. 50 Camp of the Red River Hunters, John M. Stanley's picture of the camp where surveyors of Coy. Isaac Stevens' expedition received Hudson's Bay Company five-shilling notes in change in July 1853. The site is in Wells County in central North Dakota. ing to Fred Marckhoff, so the common circulating medium was questionable paper of Eastern and Southern banks. In this background there can be little question that the Company and its agents made payments in Company money in St. Paul, where its stability was established. An early history of St. Paul states that business with the Red River trade was carried on exclusively in coin —that currency was never used. That was undoubtedly the case in transactions with the free traders. The isola- tion of the northern area dominated by the Company would render any outside paper worthless. It is certain that the paper was current in the half- breed community of Pembina. In July of 1853, a group of buffalo hunters from Pembina were on their annual summer hunt in central North Dakota when they met an American railway survey expedition led by Governor Isaac Stevens. In his report Stevens stated the hunting party led by Baptiste Wilkie consisted of 1,300 men, women and children traveling with 1,200 animals and 824 carts. When they set up camp their 104 tepees were set in a circle surrounded by a ring of the carts. The hunters traveled in an organized fashion, divided into groups each with a leader responsible to the chief. So complete was the community that their priest traveled with them. In fact, only about 30 people remained at homes .to-tend the farms, stock and homes of all the others; this was stressed by Ross as one of the reasons agriculture was not 'a successful pursuit of the half-breed community. Gov. Stevens reported that the summer hunt produced dried meat, pemmican and tongues which were sold to the Hudson's Bay Company, which later traded those products at Fort Snelling in Minnesota for goods, sugar, coffee, etc., at the rate of 15 cents per pound. "The trade of this company is all in dry goods, sugar, tea, ammunition, &c. Notes are also issued by the Hudson (sic) Bay Company, which are currency among them. Several of these, of the denomination of five shillings, payable at York Factory, and bearing the signature of Sir George Simpson, were offered in change to various members of the expedition on purchasing various articles." This confirmed use of Hudson's Bay Company paper money in North Dakota was in northwestern Wells County, well away from its normal circulation in the Pembina area near the border. Artist John Mix Stanley, traveling with the Stevens expedition, drew a sketch of the camp where the exchange occurred which was used to illustrate the official report. In telling of a similar hunt 13 years earlier, Alexander Ross wrote that many of the hunters from Red River crossed the line and joined the group from Pembina. The poverty of the hunters is often cited, as is the custom of carrying practically all of their movable goods with them on the hunt. Ross said that before reaching Pem- bina one gentleman forgot at his camping place a tin box containing 580 sovereigns in gold and another 450 pounds in silver and paper. The following night a half- breed camping at the same spot found the box and re- turned it to its owner. The incident indicates that a variety of money was gaining circulation in the colony. The annual meetings of the Company council set the rate of exchange for the following years. Resolution 49 of the council of 1836 stated: "That in all cases of pay- ment in Canada for Goods or Cash supplied in Red River an exchange of 7 per Cent be added to the Sterling Amount before converting it into Halifax Currency." The same was renewed in 1837. The 1839 Resolution stated, "That the price of dollars in Red River be 4 shillings 3 pence each during the Current Outfit and hereafter 4/1; and English Gold Coin at the Standard Value ;" Resolution 39 of 1840, "That the price of Dollars in Red River during the Current Outfit be at the rate of 4/9 per ounce or Sterling per Dollar and English Coins at the standard value." Dollars appear to be an increasing factor in the local economy and their value was further refined in 1841: "That the price of Dollars in Red River during the Current Outfit be at the rate of 4/9 per ounce, or 4/1 Sterling per Dollar, and English Coins at the standard value." TRADE WITH RUSSIA WHILE the community in the Red River area wasdeveloping commercially, the fur trade in the northcontinued, but with some modifications. Rupert's Land originally comprised the land drained into Hudson Bay; but British claims to the lands farther west were based on fur trade activities of the North West Company on the Pacific coast and fell into the sphere of the Hudson's Bay Company when it absorbed the North West Company. The trade in the far west did not operate through the central area but in 1839, the Company signed an agreement with the Russian-American Company to lease for ten years certain mainland coastal and interior lands belonging to the Emperor of Russia. The rental payment called for 2,000 seasoned land otter skins taken from the west side of the mountains. In addition the Company was to sell 2,000 land otter skins from west of the Rocky Mountains and 3,000 from east of the mountains at specified prices to the Russian-Ameri- can Company. Other commodities in the deal included WHOLE NO. 50 Paper Money PAGE 57 specified quantities of wheat flour, pease, grits and hulled pot barley if it could be provided, salted beef, salted butter and pork hams at set prices. Payment for the purchases by the Russian-American Company were to be in bills of exchange on St. Petersburg. The annual meetings of the northern department set the rules for obtaining the eastern skins for the Russian deal. And as the period of the lease advanced, so did the area required to supply the pelts expand to the east. DEPLETION OF GAME THE Company became aware of the effect of over-trap-ping in some areas and took steps to slow the deple- tion of game. In 1843, the limit of beaver skins to be purchased was limited to one-half the number pur- chased in 1839. To encourage the Indians not to trap beaver, they were to be paid in goods the value of 10 skins in made-beaver for every nine skins in small furs they brought in. The Company's monopoly on the fur trade was so com- plete that the Indians had become dependent on the Company for sustenance—food, clothing and ammunition. The demand for furs was so great that they were urged to sell all their furs, not even to use them for clothing. If an Indian's supplies were cut off, he was in danger of starvation; if he then turned to the petty trader for credit, that worthy expected to receive the product of the hunt and the Hudson's Bay Company had compounded what it was trying to prevent: independent trading. All furs killed by commissioned gentlemen, clerks, and servants of the Company, or their families, were con- sidered the property of the Company, and paid for at the Indian standard of the district. No furs were to be used in or sent out of the country on private account except those purchased at the Company store at 10 percent on the average sale price. The penalty for infraction was a fine of 50 pounds sterling. No commissioned gentleman was allowed to purchase or sell horses, cattle or dogs on private account; and such dealings were to be on the Company's account. Freemen, half breeds and Iroquois trappers who were unable to pay for their supplies except with the product of their hunt were treated on the same basis as Indians. Freeman trappers having funds in the Company's hands and unable to pay with furs were charged 200 percent on the district inventory prices, and no money payment was to be made for furs and other articles. Where balances were owed to the Company in money, furs were received at 4/6 sterling per made-beaver. John West, chaplain to the Hudson's Bay Company, wrote in his journal in March 1821, of this instance at the Fort at Pembina. "One of the Indians left his wampum, or belt, at the Fort as a pledge that he would return and pay the value of an article which was given to him at his request. They consider this deposit sacred and inviolable, and as giving sanction to their words, their promises and their treaties. They are seldom known to fail in redeeming the pledge; and they ratify their agreements with each other by a mutual exchange of the wampum, regarding it with the smoking of tobacco, as the great test of sincerity." UNREST AT RED RIVER SETTLEMENT HE increase of trade with the United States through Minnesota was not just a development of commerce, it became a political issue with international ramifi- cations. The Oregon boundary question of the 1840s raised the prospect of an expansionist policy which would extend the dominion of the United States north of the 49th parallel of latitude. This along with the domestic unrest in the Red River Settlement prompted the English govern- ment to dispatch several companies of the 6th Royal Regiment of Foot for the defense and protection of the colony in September 1846. The 500 men were under the command of Lieut.-Col. Crofton, who was appointed governor of the colony. While the residents felt the troops were sent for boundary defense, they welcomed the soldiers, and their presence had a favorable effect on local affairs; many had felt for some time that a garrison would settle some of the local hotheads. The troops were in Red River for less than two years, and their departure was regretted. Alexander Ross stated that the presence of the regiment had added £15,000 sterling to the circulation of money and that one indepen- dent trader received £1,400 in gold in a few months. The royal army was replaced by a squad of pensioners com- manded by a Major Caldwell. This motley crew was considered a more disruptive force to the community than the half-breeds. Major Caldwell was commissioned to make an investiga- tion of the complaints about affairs in the colony made two years earlier by some of the residents. The areas included were lack of a circulating medium except prom- issory notes payable in London, the administration of justice, lack of goods for ordinary consumption, and pre- vention of trade by half breed inhabitants. The Major's investigation was cursory and the complaints were deemed unfounded or disproved. The Oregon boundary was settled without force of arms, but politicians in Minnesota held on to the idea that the valley of the Red River north of the 49th parallel was merely an extension of Minnesota Territory and therefore should be annexed to the United States. Their influence was felt from Red River Settlement to Washington, D. C. The most immediate effect was felt in the west at the time the agitation for free trade was stirring in Red River. Traders from the United States lured a number of the half-breed population south of the border with the prospect of government money. The land of the Red River valley, they said, was unceded Indian territory; when the United States took over Indian lands they made payments to the Indians occupying those lands; therefore, since the half-breeds were of Indian blood they would be in position to receive the government payment. An- other prospect was the opportunity to sell their furs on a free market in which the price was negotiable. The opportunity for cross-border smuggling did not escape the notice of those who moved south. Trade over the Red River route from St. Paul to Fort Garry increased during the 1850s and settlement reached out along the trail. Trade of the Hudson's Bay Company through Pembina increased more than 400 percent during the Civil War while the area of American settlement contracted for a time because of the Indian uprisings. Trade through the south was increasing, and the enter- prise of free trading was well-established in 1862 when Alexander G. Dallas was appointed governor of Rupert's Land and Recorder of Assiniboia. Dallas decided to re- form the affairs of Red River. Noting that the free traders were using Hudson's Bay Company notes to buy and sell goods, he stopped issuing the notes and adopted the policy of giving goods for agricultural produce. Cash or notes were paid out only when he was forced to do so; to put pressure on the free traders he severely reduced the amount of circulating currency. Dallas was an unpopular governor and was replaced by William Mactavish. The close of the Civil War in the United States brought renewed efforts by the advocates of expansion to annex the Red River Settlement, and their efforts gained staunch advocates in the highest circles of government. In Canada, too, the status of the Hudson's Bay Company freehold was under consideration relative to bringing that land under the federal government. The several British colo- nies which comprised Canada were united into a single nation by the British North America Act in 1867. Ar- rangements were made with the new ownership of the Company to purchase their lands, less certain areas, for £300,000. While Rupert's Land became nominally part of Canada on July 1, 1867, the deed of transfer was not Fort: / ,C,3Cr . V/ViEn f !ENT PAGE 58 Paper Money WHOLE NO. 50 signed until the fall of 1869, with possession to take place on December 1st. REBELS TAKE OVER AT RED RIVER HE Canadian government, anxious to claim the vast new area, sent surveyors and road builders into the Red River Settlement ahead of the final settlement. Their unexplained activities provoked the French-speak- ing inhabitants and unrest stirred again. An influx of new settlers from Canada added another element to local politics. They openly agitated for union with Canada, but their activities bothered the Metis people who were not consulted or informed of the role they might have under the new regime. The half-breeds found a leader in young Louis Riel, a Metis who had been educated at a college in Montreal. The English-speaking settlers also had some questions about the transfer of government, but they remained neutral and let the French-speaking people handle whatever opposition was to be. William McDougall was appointed lieutenant governor and was sent by the national government to take charge of the temporary government; but he was the wrong man. He was the one who had sent in the advance surveyors, etc. who had incensed the French. McDougall left Ottawa on September 28, 1869, and traveling through the United States he arrived at Pembina on October 30, a month before the transfer was to take effect. That eveninv the "National Committee of the Metis of Red River" ordered him not to cross the boundary without their per- mission. Undaunted, he crossed the border to the Hudson's Bay Company post where he was met by an armed group of Metis and escorted back to United States territory. McDougall cooled his heels in Pembina until November 29th, when he walked across the border (in a snow storm, according to some stories) and claimed Rupert's Land for Canada. Shortly thereafter he returned to Ottawa. After pushing McDougall back across the border on October 30th, the Metis occupied Fort Garry in a blood- less coup on November 1st, and Louis Riel was in control of Red River Settlement. McDougall and the Canadian party attempted a counter-revolution but by December 7th it had passed its peaks. The next day Riel published the Declaration of the People of Rupert's Land and the North West; with himself as head of government he was ready to negotiate with Canada. One of Riel's advisers was Oscar Malmros, American consul at Red River, and ardent United States expan- sionist. With his friends in the Senate, great pressure was put on the United States to annex Rupert's Land. But there was more fuss than fire. Sir John A. Macdonald, Canadian prime minister, continued his own policy which finally gained the day in the summer of 1870. CANADA TAKES OVER THE REBELS N the spring Macdonald determined to send a military force to quiet Red River. To effect the transport of troops in the easiest manner he applied to President Grant for permission to route them by rail through the United States, but that was denied. A Canadian trans- port ship carrying the troops over the Great Lakes was permitted to pass through the American locks at Sault Ste. Marie, but the troops and military supplies were portaged across Canadian territory and reloaded. After landing on the shore of Lake Superior the Red River Expedition had to cut its way through the several hundred miles of wilderness of the old North West Com- pany canoe-portage trail of the voyageurs which had gone back to nature through many years' disuse. They arrived in Red River on August 23rd. The provisional government set up by Louis Riel in De- cember was without funds; but on the 22nd a forced loan was made from the Hudson's Bay Company. The accountant, John H. McTavish, was seized and his key used to open the Fort Garry safe. The amount taken was more than £1,000 in specie and notes ; a receipt was given. Some of that money, £550 in "parcels of money (Maps adapted from "Minnesota and the Manifest Destiny of the Canadian Northwest" by Alvin C. Glueck, Jr.) . . . marked in the handwriting of J. H. McTavish" was used by an American merchant to buy out a newspaper plant in order to establish a new publication. That paper, "New Nation," was the mouthpiece of the Riel govern- ment, but it was permitted a pro-American position so long as it suited the purpose of the government. While all the bluster was going on, Riel was negotiat- ing with Sir John H. McDonald and had received positive assurance that Red River would join Canada as a self- governing province. Riel gave a hint of the way he leaned when in April he replaced the flag of the Provi- sional Government with the Union Jack flying over Fort Garry when an American expansionist ex-governor of Minnesota arrived for a visit. But the suspense heightened as time went on; troops were on the way from Canada, what would happen when they arrived? When they arrived in August the gates of Fort Garry were open, the troops marched in and Riel's provisional government left by the back door. Manitoba, formerly Assiniboia, small area of 14,340 square miles surrounding Red River Settlement, became a Canadian province. Rupert's Land and the North West Territory was now Canada and its 200-year proprietor, The Governor and Company of Adventurers of England Trading into Hudson Bay, was an established commercial enterprise. (To be concluded, with specifics on Hudson's Bay paper money) Paper MoneyWHOLE NO. 50 PAGE 59 Railroad Scrip Issued in Florida From Territorial Days Through The Civil War By Warren S. Henderson NE of the main problems facing commerce in the early days of Florida's history was the problem of transporting the goods raised in the northern portions of Florida, which were the only inhabited sections during its early days, to the coast, from which the produce could be moved to the market places, pri- marily in the north. Cotton was the major export of territorial Florida. The rivers were generally so short through their navigable portions that they could he little counted on for transportation, and so railroads were recognized as the best solution to Florida's transportation problem. During the period before the Civil War, 20 corpora- tions to build railroads were chartered in Florida, but most of them either did not open or did not survive the panic periods that Florida went through, along with the rest of the nation. Only four railroads left behind them, for collectors today, a part of the mark they made on the history of the state. I. Tallahassee Railroad Company The first railroad chartered in Florida that issued scrip was chartered in 1831 by six Tallahassee men. This railroad was originally called the Leon Railway Com- pany and was chartered to construct a road from the capitol city, Tallahassee, south to St. Marks, a distance of only 30 miles. While distance was short, the problems were great, because much of the area was swamp, thus making construction very difficult. The railroad was reorganized in 1832, and became the railroad now known to collectors as the Tallahassee Railroad Company. Construction was completed to Port Leon, 22 miles away, in 1836. Stock to the amount of $100,000 was allowed, and the company was granted 500,000 acres of land to be sold, with the proceeds applied to this internal improvement. This road from Tallahassee to Port Leon was an important outlet to the agricultural district of middle Florida and southwest Georgia, but by today's standards, of course, could hardly be called a railroad. It had no steam engines. The first engine, which was purchased about 1837, has never been proven to have been operant, and as of 1855, the railroad was still using horse-drawn cars, much as in the 1830's when the cars were small, wooden, and pulled by mules. General R. K. Call was the principal owner of the railroad. He is best known as having twice served as territorial governor of Florida, and was one of the leading citizens of the period through the Civil War. A hurricane and tidal wave practically destroyed the town of Port Leon in 1843, and along with it, that end of the railroad in that section. When the railroad was reopened, it ran only to the St. Marks river. Complete reconstruction of the railroad to a five-foot gauge was accomplished in 1856, and two locomotives (4-4-0) were ordered from Baldwin, Florida, in 1856. The railroad prospered for many years and was the one line that made a substantial contribution to the early period of Florida's history. II. Lake Wimico & St. Joseph Canal & Railroad Company The second railroad was promoted by those who pro- moted the City of St. Joseph in the Florida panhandle, and was incorporated as the Lake Wimico & St. Joseph Canal & Railroad Company. It had an authorized capital of $250,000. Organized in 1835, it was authorized to build a canal or railroad to connect the Appalachicola River through Lake Wimico to St. Joseph Bay at the town of St. Joseph, which had been established and was competing with the city of Appalachicola to be the major outlet for the produce of that area. Material came to this cultural town from the north region through the Chattahoochee, Flint, and Appalachicola Rivers. The line was started in 1846, with nine miles completed from St. Joseph to Lake Wimico. The steam engine used on this line on September 5, 1836 was the first in the state of Florida. The road failed and was abandoned during 1839, at which time a new line was built 30 miles from St. Joseph to the village of Iola on the west bank of the Appalachi- cola River, just north of its confluence with the Chipola River. One remaining quote in the St. Joseph's Gazette of September 9, 1837, said, "A few days ago Uncle Ben called on them [railroad] for a little small change and the company could raise nothing but scrip [as displayed] and this would not discount at the central bank" [Tallahassee]. Thus ended the noble efforts of the Lake Wimico & St. Joseph Canal & Railroad Company. III. Florida Atlantic & Gulf Central Railroad Company The third railroad known to have issued scrip in Florida during its early statehood days was organized in 1851, and was known as the Florida—Atlantic & Gulf Central Railroad Company, Jacksonville. Due to the lack of state financial assistance, it was dormant until 1853, and was authorized to issue stock up to three million dollars and to build a railroad from Jackson- ville to Alligator, the town which since has become known as Lake City, a distance of 60 miles. The railroad received a Florida grant of 164,568.21 acres and a federal grant of 29,893.74 acres. The road- bed grading and track laying began in Jacksonville, and tailahassee !tail Road Com la illy WisICATD,r lttt PAGE 60 Paper Money WHOLE NO. 50 in the summer of 1857, work was stopped due to a yellow fever epidemic. It was completed March 13, 1860. The railroad experienced severe financial difficulties during the 1860's due to the Civil War and was described in 1868 as "two streaks of rust running through the wilderness." It was purchased by William E. Jackson for $111,000 and rechartered on July 29, 1868, as the Florida Central Railroad Company. IV. Florida Railroad Company The fourth and last railroad which issued scrip prior to the Civil War was the Florida Railroad Company, Fernandina. This was the most important Civil War railroad and was truly a cross-state line and the major transportation organization for Florida during its early history. It was incorporated on January 8, 1853, with an authorized capital of one million dollars. The pro- posed route was from Fernandina on the Atlantic Coast north of Jacksonville to Cedar Key on the Gulf Coast. Its president was David Levy Yulee, who was also a United States Senator and a distinguished Floridian of this period. The chief engineer was Martin L. Smith. The railroad received from Florida and the federal government nearly 800,000 acres to be sold for the bene- fit of the company to build the line. The custom in the early days of Florida's history, and I am sure in much of the country, in order to encourage railroad construction was to grant right-of-way of ap- proximately 200 feet and to convey title to the railroad on alternate sections of land to a depth of six miles on each side of the railroad. This, of course, was a staggering amount of land and is the land referred to in the grants from the federal government and the government of Florida to these early railroads. Construction of the five-foot gauge line started in 1856, and due to financial problems was not finished to Cedar Key, a distance of 155.5 miles until March 1, 1861. The failure of this railroad to make required interest pay- ments caused possession by the Internal Improvement Trustees of the State of Florida, who forced its sale on October 6, 1866. 0 The following is a list of all known notes issued by these four railroads during this period of time. Please contact this writer if additional notes are known to you. TALLAHASSEE RAIL ROAD COMPANY, TALLAHAHASSEE 25c C Printed scrip, payable on demand to bearer in transportation. Early railroad train and cars at top. Imprint: None. Date: 186— printed, July 61 filled in. Signature: F. H. Flagg, Treas. 1.00 A-B (L) ONE across. (C) Dockside scene, boats, train and drays. (R) ONE at top. Receivable in payment of all our dues. Roman numberal I. 2.00 A (L) TWO in border. (C) & (R) Same as above except value. 3.00 A Not known, probably same as above except value. Imprint: Rawdon, Wright, Hatch & Edson, New York. Date: 18— engraved, different dates of 52-56 written in. Tallahassee Railroad Co. $1 note Tallahassee Railroad Co. $2 note Signatures: T. J. Perkins, Secty., R. K. Call, Pres. on early dates. R. A. Shine, Secty., E. Houstoun, Pres. on later dates. 1.00 A-B (L) Woman with hair in curls. (C) Family group waving at train. (R) 1 in medallion above and below. Plain reverse. 1.00 A-B Same as above with elaborately printed reverse. 2.00 A (L) Anchor and cotton bales. (C) Railroad train on viaduct. (R) Woman wearing bonnet. Plain reverse. 2.00 A Same as above with printed reverse. 3.00 A (L) Woman wearing hood. (C) Ship-wrecked sailor with boat and anchor. (R) 3 in medallion. Plain reverse. 3.00 A Same as above with printed reverse. Imprint: American Bank Note Company. Date: 18— engraved, different dates of 59-70 written in. Signatures: F. H. Flagg, Secty., E. Houstoun, Pres. on early plain reverse notes. F. H. Flagg, Secty., J. S. Stone or M. L. Littlefield, Pres. on later dates and on printed reverse notes. NOTE: Both of the above issues were over- printed in green with elaborate lathe and die work. The printed reverses are all green on white. Many unsigned or partially filled in and signed notes with the green reverse exist today and a number of uncut sheets exist. LAKE WIMICO & ST. JOSEPH CANAL & RAILROAD COMPANY, ST. JOSEPH 5.00 A Decorative border at each end, four-masted schooner in center. 10.00 A Same as above except for value. "Payable six months after date to or bearer, in current bank notes on demand at their office in St. Joseph at six per cent per annum from the date." Imprint: None. Date: 1837 engraved, month and day filled in. Signatures: R. S. Griggs, Secretary; R. C. Allen, President. dale, "The Lath Joseph 4 anal a o.."011, ...ICA and It I I I. H 0 I 4 ;4 P A\ , MITI Vte) 10 Or 1,1 • I 'I EN DOLL #14h. in Cur- ....,,Sr/rent hook notes on ttenutted 41 their tltt., Joseph 10 141 1 per Cent pCr annum train the dim.. Florida Atlantic & Gulf Central Railroad Co. $3 note WHOLE NO. 50 Paper Money PAGE 61 Lake Wimico and St. Joseph Canal & Railroad Co. $10 note FLORIDA ATLANTIC & GULF CENTRAL RAILROAD COMPANY, JACKSONVILLE 1.00 (L) Railroad train. (C) Beehive. (R) Eagle on shield. 2.00 (L) Railroad train. (C) Beehive. (R) Mercury standing. 3.00 (L) Railroad train. (C) Eagle. (R) Sailboat and steamer. Imprint: North, Sherman & Co. 96 Chambers St., N.Y. Date : 185— engraved, month and year 1859 filled in. Signatures : George R. Foster, Treas., L. P. Sanderson, Pres. NOTE: A sheet of six notes, three of each denomination exists. 1.00 A-B (L) Train under a viaduct. (C) Two horses, train in background. (R) Head of young woman. Plain reverses. 1.00 A-B Same as above with green reverse. 2.00 A (L) Two Indians standing. (C) Engine with one car. (R) Marsh scene with baskets of cotton. Plain reverse. 2.00 A Same as above with green reverse. 3.00 A (L) Man on horseback and cattle. (R) Loco- motive with several cars. (R) Indian girl and child. Plain reverse. 3.00 A Same as above with green reverse. Imprint: American Bank Note Company, New York. Dates: 18— engraved, 59-61 on plain reverses, 63 on green reverses. Signatures: George L. Bryant or George R. Foster, Treas. L. P. Sanderson, Pres. on plain reverses. Thomas G. Smaxey, Treas., S. L. Dibble, Pres. on green reverses. FLORIDA RAIL ROAD COMPANY, FERNANDINA 25c Printed scrip, payable to bearer in transpor- tation, no locale indicated. Printed date 1st August, 1861. No imprint. 50c Same except for value. 50c (L) Woman with fruit on clouds. (C) Wood- men cutting trees. (R) Cattle under viaduct. Florida Railroad Co. $1 note 1.00 A-B (C) Railroad train at station. (R) Woman with rose. 2.00 A (C) Side wheel steamer. (R) Two children. Imprint: American Bank Note Company. Date: 18— engraved, 60-61 written in. Signatures: George N. Call, Treas., A. H. Cole or L. E. Larkin, Supt. NOTE: This issue printed in black and white, plain reverses; all 50c notes are unsigned. 1.00 A-B (L) Child's head. (C) Railroad train at sta- tion. (R) Woman with rose. 2.00 A (L) Value in medallion. (C) Side wheel steamer. (R) Two children. 3.00 A (L) Woman with fruit on clouds. (C) Wood- men cutting trees. (R) Cattle under viaduct. Imprint: American Bank Note Company. Date : 18— engraved, 67 written in. Signature : William S. Roberts, Treas., printed in. NOTE: This issue has green overprint of 1867 on obverse, plain reverses and notes are mechanically numbered in red ink. Acknowledgments The writer is indebted to Mr. Harley L. Freeman, au- thor of Florida Obsolete Notes and Scrip, for the descrip- tion of the notes mentioned above; also to George Pettengill, Jr., for much background information quoted from Bulletin #86, The Story of the Florida Railroads, 1834 -1903, copyright, 1952, by the Railway & Locomotive Historical Society, Inc., and lastly, to Allen Morris for quotes on transportation in Florida from the Florida Handbook, 1949-1950. Greek Emergency Paper Money Subject of Monograph The November 1973 issue of Spink & Sons of London "occasional banknote supplement No. 5" includes a lengthy, well-illustrated article by Costas Chr. Hadziotis on the local emergency notes of Greece. They were issued in the fall of 1944 upon the withdrawal of Nazi occupation forces. A wide, chaotic inflationary period followed in which various towns and islands issued their own cur- rency until Nov. 11, 1944. New Money Museum Scheduled for Boston Included in plans for Boston's new Federal Reserve Plaza to be opened in 1976 is a money museum which will trace the evolution of money from Roman times to the present. Featured will be a special Bicentennial exhibition "Money in America," depicting Continental currency, a Commonwealth of Massachusetts note, Bank of America notes, currency and notes issued by state banks, currency and scrip issued by business firms, and many other types of money. The display is also expected to include specimens of U. S. currency, die proofs of Federal Reserve Notes, Clearing House certificates, and other instruments. IL NE 50 I I AINV1 I Vr II tlililt1L11 - 11,11 "^, "0)44, P. 800-0* Arvam,) PAGE 62 Paper Money WHOLE NO. 50 By M. Owen Warns The Territorial National Banks of The Hawaiian Islands (Continued from PAPER MONEY No. 49, January, 1974) The National Banks on the Island of Maui Two Down and Two To Go! Friedberg #640, Third Charter, Dated Back, serial 174 HORTLY after the article on the Territorial Na- tional Banks of the Hawaiian Islands appeared in the January issue of PAPER MONEY, a letter arrived from Jack Everson of Mildland, Texas, and among his comments was, "Your article is liable to unearth a note from one of the missing banks on the Island of Maui." A few days later I received a letter from Amon Carter, Jr., of Fort Worth, Texas. Amon wrote, "In checking I find I have a $20 note from the Lahaina National Bank of Lahania." How is that for a prophecy coming true! The Lahaina National Bank note is excessively rare, in fact unique at this writing, and is likely to continue so. This note has its niche in the glittering setting of truly great National Bank Notes. Just how rare this note really is can be readily determined from the small number of notes printed. The $20 note was at the tail end of a 10-10-10-20 plate layout, with only 204 sheets printed. That would be exactly 204 $20 notes. With this limited availability of notes for circulation we must repeat how fortunate it is that we are now able to see a note of this great rarity. Early issue, no "P." Friedberg #477, Brown Back, serial 800 Of the four National Banks on the Island of Maui, we are now able to record notes from the Lahaina Na- tional Bank, Charter 8101, and the Baldwin National Bank of Kahului, Charter 8207. Still to be reported are those notes from The First National Bank of Wailuku, Charter 5994, and The First National Bank of Paia, Charter 10481. If you will refer to the same issue of notes described on Page 17 of the January issue of PAPER MONEY, you will find a $5 Brown Back, Fr. #477, with serial #1020. On this note there appears the letter "P" (Pacific). It was during the Brown Back issuing period that geograph- ic letters began to appear. Now Amon Carter reports a serial #800 without the "P." It is therefore plausible to assume that the initial order, say for a thousand $5 notes from which the above serial #800 was a part, did not receive the letter "P," having been printed before the geographic letter was placed in use in the production of these notes. Serially numbered note #1020 could have come from the second order for $5 notes at which time the geographic letter had been placed in use. One thing is definite: the change had to take place some- time between notes serially numbered 800 and 1020. Unique California Brown Back Sheet The First National Bank of Covina, California Charter 5830 Chartered March 27, 1901 J. C. Hutchinson, Jr., Cashier James H. Adams, President Capital $50,000 Volk - 44:,R36-291.3 mozattimiki ton p vat AY1:61:6 1136291 t 33 0 560 ! 7 A a“, e‘t P WHOLE NO. 50 Paper Money PAGE 63 OLLECTORS of California Nationals will be de- lighted to learn of the existence of this sheet, Friedberg #477, which was graciously sent to us by Charles G. Colver for the benefit of our membership. It was issued during the waning period of the Brown Back issues and has the 12th set of Treasury official's signatures—Lyons and Roberts. It is the sole California Brown Back sheet known. Oddly enough, The Covina Valley Savings Bank also established in 1901 had the same three officers in both banks by 1907. Here is how the two banks were officered: First National Bank, Covina—President, M. Leon- hardt; Vice-President, W. M. Griswold; Cashier, J. D. Coles. Covina Valley Savings Bank—President, W. M. Gris- wold; Vice-President, M. Leonhardt; Cashier, J. D. Coles. There should be an unusual story in this unique set-up! ARIZONA STATE OR TERRITORIAL NATIONALS WANTED All Banks, All Series, Any Condition, Except Washed or Doctored Notes. Top Prices Paid (Or Many Trades!) PETER HUNTOON P.O. BOX 81002, LINCOLN, NE 68501 The following encompasses the full issuances of our "five notes" and was gathered from Bureau of Engraving and Printing reports showing fiscal year deliveries to the Disbursing Unit of the Treasury Department. Although the statistics are available in part from other sources, it is my wish that these figures alluding to the most popular notes be handy in this comprehensive form which will be of possible assistance to the collector and researcher. EDUCATIONAL $1 Sheets Notes 4,932,000 19,728,000 5,127,000 20,508,000 4,277,000 17,108,000 14,336,000 57,344,000 EDUCATIONAL $2 Fiscal Year 1897 1898 1899 Dollar Value $ 19,728,000 $ 20,508,000 $ 17,108,000 $ 57,344,000 EDUCATIONAL $5 2,040,000 8,160,000 2,779,000 11,116,000 1,842,000 7,368,000 2,072,000 8,288,000 8,733,000 34,932,000 $5 SILVER 1899 ("ONEPAPA") Sheets Notes 119,000 476,000 6,349,000 25,396,000 7,093,000 28,372,000 8,928,000 35,712,000 11,059,000 44,236,000 5,021,000 20,084,000 9,078,000 36,312,000 7,404,000 29,616,000 6,603,000 26,412,000 6,888,000 27,552,000 6,913,500 27,654,000 6,272,000 25,088,000 7,311,000 29,244,000 6,078,000 24,312,000 6,488,000 25,952,000 3,966,000 15,864,000 6,738,000 26,952,000 5,524,000 22,096,000 3,209,000 12,836,000 (None printed) (None printed) 1,775,000 7,100,000 5,522,000 22,088,000 7,174,000 28,696,000 3,456,000 13,824,000 2,494,000 9,976,000 51,000 204,000 141,513,500 556,054,000 1897 1898 1899 1900 Fiscal Year 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 $ 40,800,000 $ 55,580,000 $ 36,840,000 $ 41,440,000 $174,660,000 Dollar Value 2,380,000 126,980,000 141,860,000 178,560,000 221,180,000 100,420,000 181,560,000 148,080,000 132,060,000 137,760,000 138,270,000 125,440,000 146,220,000 121,760,000 129,760,000 79,320,000 134,760,000 110,480,000 64,180,000 $ 35,500,000 $ 110,440,000 $ 143,480,000 $ 69,120,000 $ 49,880,000 $ 1,020,000 $2,830,270,000 1,419,000 5,676,000 1,399,000 5,596,000 1,866,000 7,464,000 479,000 1,916,000 5,163,000 20,652,000 $ 11,352,000 $ 11,192,000 $ 14,928,000 $ 3,832,000 $ 41,304,000 1897 1898 1899 1900 Paper Money WHOLE NO. 50'PAGE 64 Statistical information on the five most popular U. S. notes The Quintessential Quintet By Morey Perlmutter HE general popularity of U. S. paper money among collectors, on its own obvious merits or as an ad- junct to coins and other historical antiquities, has increased over the past five years to an extent light years beyond the most extravagant prognostications of the "rag- pickers" of yesteryear. Long dormant in a field domi- nated by numismatists and philatelists, United States large-size paper money issued between August 10, 1861 and July 10, 1929, probably the most representative ART vehicle of our 19th century renaissance, finally came of age with a reverberation worthy of a high reading on the Richter scale. Whereas coins over the years were given liberal (even if oftentimes inaccurate and erroneous) coverage in the press, paper money was generally neglected. Even today, in my personal exper- ience, I have found that many older people have no recall whatever of any large bills, other than the Series 1914 Federal Reserve Notes, and Series 1923 one dollar Silver Certificates which proliferated almost into infinity. In large part, this may be due to the fact that paper was more transient than and not as durable as the beautiful gold and silver coinage we once enjoyed. In the age of the collector-investor, certain issues re- main more in demand than others. In paper money, there are five notes which are outstanding in this respect: The Series 1901 $10 Legal, the "Bison" note; the Series 1899 $5 Silver, the so-called "Onepapa" note; and the Series 1896 $1, $2 and $5 Silvers, the famous "Educational" notes. Their popularity among paper collectors is academic, but among others is endemic. The Indian and Buffalo notes are about as true "Americana" as one could hope to find. (The "Pioneer" $5 Legals of 1869-1875-1878-1880-1907 follow a close second.) The "Educationals" are probably the finest examples of the engravers' original art extant, notwithstanding the super- lative First Charter Period reverses, which in the opinion of many, are better than the originals adorning the Capitol rotunda walls. Indeed, these five notes have provided the nucleus of many a large or modest collection of United States paper money. My purpose is not necessarily to provide new informa- tion concerning these issues, nor is it an attempt to pre- sent in a different form what has already been expounded within these pages, despite my desire to adhere to the former concept. To the best of my knowledge, the statistics herein represent the first time they have been gathered together for the convenience and edification of the collector. These tables are being prepared in early December, 1973. It is quite possible that by the time this appears, new publications may be available with similar figures on these and other notes, some even to the extent of signature-combinations, that have never been a matter of public record. WHOLE NO. 50 Paper Money PAGE 65 $10 LEGAL 1901 ("BisoN") Fiscal Year Sheets Notes Dollar Value 1902 2,151,000 8,604,000 $ 86,040,000 1903 3,329,000 13,316,000 $ 133,160,000 1904 2,021,000 8,084,000 $ 80,840,000 1905 3,810,000 15,240,000 $ 152,400,000 1906 2,092,000 8,368,000 $ 83,680,000 1907 2,291,000 9,164,000 $ 91,640,000 1908 694,000 2,776,000 $ 27,760,000 1909 1,302,000 5,208,000 $ 52,080,000 1910 1,692,500 6,770,000 $ 67,700,000 1911 175,000 700,000 $ 7,000,000 1912 1,571,000 6,284,000 $ 62,840,000 1913 485,000 1,940,000 $ 19,400,000 1914 879,000 3,516,000 $ 35,160,000 1915 1,817,000 7,268,000 $ 72,680,000 1916 188,000 752,000 $ 7,520,000 1917 346,000 1,384,000 $ 13,840,000 1918 357,000 1,428,000 $ 14,280,000 1919 (None printed) 1920 (None printed) 1921 360,000 1,440,000 $ 14,440,000 1922 2,547,000 10,188,000 $ 101,880,000 1923 1,735,000 6,940,000 $ 69,400,000 1924 3,590,000 14,360,000 $ 143,600,000 1925 2,339,000 9,356,000 $ 93,560,000 1926 1,468,000 5,872,000 $ 58,720,000 37,239,500 148,958,000 $1,489,580,000 Federal Reserve Corner T HE big news of the day is the approaching publi-cation of Chuck O'Donnell's newest edition of his Handbook. With April as the appearance date, we can expect some big things in store for us. Chuck has expanded the Standard Handbook, which last ap- peared in 1971 in 3d Edition, to cover Federal Reserve Notes through the $20 denomination. Much new in- formation has been dug out of the Bureau files, as well as obtained from all major paper money collections. There will be a brisk demand for this hook, but here we can expect some difficulty as the printing has been very limited. We will review this book on appearance. The Bureau of Engraving and Printing has continued with a heavy schedule of $1 notes on the COPE over- printing equipment. The six groups of Series 1969 D notes to be COPE produced, and which will be appear- ing in these districts shortly, are: New York B 01920001 D thru B 64640000 D Chicago G 15360001 C thru G 99840000 C G 00000001 D thru G 17920000 D (further printings in this run are possible, as this is latest printing only.) San Francisco L 16440001 D thru L 31360000 D (same here as for last Chicago printing.) All other printings in the past few months were con- ventional. The hardest series of serials to locate seem to be the final press run in the Block, or from notes 99 840 001 thru 99 999 999. These are being eagerly sought, and should you find any of these, obtain them. There is much greater interest in the $1 and $5 denominations than ever before. We expect to expand into the $5 denomination in the near future, so keep us posted on new items being found in all denominations within your district. Thanks for your contined help. NATHAN GOLDSTEIN II Box 36 Greenville, Miss. 38702 THE CHECKBOOK Imprinted Revenue Stamps on Checks Now Illustrated in Philatelic Catalog C HECKOPHILES and collectors of other types ofsecurity paper now have available a completely illustrated and priced listing of the imprinted rev- enue stamps used during the Civil War period until 1882 and again briefly during the Spanish-American War. Although Scott's United States Stamp Catalogue Specialized has carried a listing for many years. it was illustrated only by inadequate line drawings with blank centers which made identification difficult. Now the Scott people have added clear photographs in the 1974 edition of their catalogue, available at stamp dealers and department stores. This improvement resulted largely from the efforts of a Miami Beach attorney and collector of revenue stamps, Samuel S. Smith. For more than a year his series of articles dealing with each basic type of design has been appearing in The United States Specialist, journal of the Bureau Issues Association, a philatelic organization of collectors of U. S. stamps and postal history. Most of these issues (January through Novem- ber, 1973, and February and March, 1974) are still available from the Executive Secretary, BIA, 19 Maple St., Arlington, MA 02174. Please enclose a stamped, addressed envelope when writing for information. Several more installments will be required for completion of the series. The addition of the photographs to the Scott catalog will greatly stimulate interest in checks with the revenue impressions. already considered a popular specialty cutting across the lines between philately and numis- matics. PAGE 66 Paper Money WHOLE NO. 50 Bank Statement Tells Civil War Story This is one of the scarcer notes on the Bank of Camden. The vignette at the left shows the Marquis de Lafayette and is signed by the famous engraver, Geo. W. Hatch. South Carolina law required each bank note to have three different hand-writings on each note. Thus, there are two signatures and the clerk's hand-written date and serial number. The number and date on each side of the note were used to identify half notes sent through the mails separately as a security measure. By J. Roy Pennell, Jr. ANK statements often contain much more infor- mation than just the bank's condition. The Bank of Camden's statement printed below has much interesting and historical information. The Bank of Camden, located in South Carolina near the center of the state on the fall line, was chartered on December 19, 1835. Camden was an early South Car olin a settlement (1765), and many prosperous planters resided there. The Bank of Camden did not survive the aftermath of the Civil War. During the post-war military occupation, the South was looted by carpetbaggers and scalawags, and the Bank of Camden was one of the victims. The Civil War as just over one year old at the time this statement was prepared. The $43,735.55 in Trea- sury notes were, of course, CS .A paper money. The odd 55c probably came from the interest due on various circulating notes. Gresham's Law had already driven the Bank's notes out of circulation, and Confederate notes were widely used. Cotton was not being sold, so the planters were unable to pay their notes. The Bank had no choice but to put the notes in the suspense file be- cause "you cannot get blood out of a turnip." One of the causes of the Civil War was the South paid high taxes in the form of import tariffs (to protect Northern industry ) . The South felt they were paying more than their fair share of the National expense. The remarks on the CSA debt of $400,000,000 refers to this situ- ation. At this early date in 1862, one can see that the South's position was considered precarious. Reading between the lines of this Bank statement gives a good picture of the true conditions at this time. pop, Bank of Camden, So. Ca. July 1, 1862 The following statement and explanatory remarks are submitted to the stockholders of this Bank, Viz Capital $450,000.00 Specie $ 9,015.13 Circulation 148,972.50 Real Estate 6,000.00 Deposits 71,407.24 Bills of other Banks 16,514.00 Balance due Banks in this State 726.62 Balance from Banks in this State 6,091.62 Balance due Banks in other States _ 16.68 Banks in other States 230.40 Net profits (appearing on the books, besides interest accruing but not Treasury Notes Agencies 43,735.55 35,286.69 paid 7,890.01 Notes 19,262.48 Bonds-private $13,926.82 Bonds State 9,000.00 Bonds Confederate 29,000.00 51,926.82 Domestic Exchange 60,612.64 Suspended Debt. 430,325.32 $679,003.05 $679,003.05 The magnitude of the suspense account will, doubtless, attract attention. Payment had almost entirely ceased, and the alternative was to renew notes indefinitely, at 6 per cent discount, involving much inconvenience to all parties, or let paper as it matured pass into the suspense account and bear 7 per cent interest. The latter course was deemed best, and hence the extraordinary amount under this head. Our Western paper, which was all deemed good, being nearly all drawn by responsible planters on the best houses in New Orleans, bears from 8 to 10 per cent by contract, and amounts to about $100,000. Our paper here is all considered good, and can only be made otherwise by disastrous course and termination of the war. The accruing interest on our whole mass of paper, will net probably $40,000 by the 1st of July 1863, up to which period the usual dividends of 8 per cent are pre-paid. This with the profits appearing on the books, and interest already accrued, say $40,000, or more, will amount to $80,000 by said 1st July, 1863, and it may be deemed expedient to pre-pay the dividend for July 1863. The pre-payment of the dividend for July, instant, and January next, was an extraordinary proceeding, but right 31. Nalioni WHOLE NO. 50 Paper Money PAGE 67 every way, being very opportune for many of the stock- holders, and prudent and proper for other reasons. Our assets are good for three times the amount of all our liabilities. We have been, and will continue to be, ready to meet all current demands upon us; the amount of pro- fits on the 1st instant, from which the next January dividend was pre-paid, was really about $60,000—that dividend was $18,000, leaving more than $40,000. We held some $70,000 of Treasury Notes, besides Bank Notes and other available means adequate to meet the pre-paid dividend, and all the immediate liabilities that we may reasonably expect to have to meet. Our notes have ceased to return upon us for redemption, and we do not expect that they will be returned whilst the war lasts, and Treasury Notes continue to increase in amount. These notes are current money—the money—and available now to the stockholders who mostly need the dividends at this time. The course, therefore, though unusual, was right, prudent and proper every way to all parties—toward the country and the creditors of the Bank; and toward the owners of the funds divided. Save the amounts heretofore mentioned in our circulars, as very doubtful, say $8,000, there are no other debts due us considered as in that condition, if the war should now terminate, or continue without overwhelming disasters and subjugation, or ruin—to one or the other of which condi- tion it is the fixed and diabolical resolve of the enemy to reduce us! Should the war end now, we are not much hurt, and would soon recover our position, and again prosper with the prosperous advance of the grand Southern Confederacy. Our taxation for interest of a debt of $400,000,000, with other expenditures, would be enormous, but the expenditure would be- made at home, and the exhausting Tribute to Yankee-dom, direct and indirect, would have ceased forever. The money and other assets of the Bank have been counted and examined, and found to correspond with the books, and we are ready at a minute's warning, upon the approach of the enemy, to change the location of the Bank, and have, by private circulars, notified all deposi- tors, special and general, in case of interior invasion, to call promptly for their deposits. Our notes are carefully counted and sealed up, under the seal of the Board, in strong boxes, ready for burning whenever the necessity becomes manifest. W. H. R. WORKMAN, Cashier. W. E. JOHNSON, President. FLORIDA NOTES WANTED ALL SLUMS • Also A Good Stock Of Notes Available WARREN HENDERSON P. 0. BOX 1358, VENICE, FLA. 33595 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 denominational=_, Kirtlands, topicals; Colonial, Continental; CSA, Southern States notes and bonds. Also have duplicate Western rarities for advantageous trade. JOHN J. FORD, JR. P. 0. BOX 33, ROCKVILLE CENTRE, N. Y. 11571 PAGE 68 Paper Money WHOLE NO. 50 WORLD NEWS AND NOTES ARGENTINA: 50 Pesos, dark brown, and 500 Pesos light green. Both notes are 155 x75mm, contain the national es- cutcheon watermark, feature the por- trait of General San Martin (aged version) on the front, and national scenes on the back. AUSTRALIA: 50 Dollars, 165x82.5rnm, released on 9th Oct. 1973. The im- portant new feature of this note is that its title is simply "Australia," instead of the familiar "Common- wealth of Australia." The front has a portrait of Lord Florey, an experi- mental pathologist who helped develop penicillin; laboratory equipment is in- corporated in the background design. The back features Sir Ian Clunies Ross, a veterinary scientist whose credits include work on parasites af- fecting livestock. The predominant color of the note is gold, with blue- black, brown, and green overprints. BARBADOS: The newly independent Bar- bados began circulating its own cur- rency on 3 Dec. 1973. The first note, issued by the Central Bank of Bar- bados, is: 20 Dollars, 149x65mm, with watermark, featuring Samuel Jackman Prescod and coat of arms in the front, and a bridge leading to a castle on the back. Barbados had been using the currency of the East Caribbean Cur- rency Authority. Both the ECCA and Barbados dollars are currently equiv- alent to USA $0.50. BRAZIL: All "old" 5000 Cruzeiros notes, whether surcharged 5 New Cr. or not, and all "old" 10,000 Cruzeiros notes, whether surcharged 10 New Cr. or not, will cease to be legal tender on 1 July 1974. BURMA has issued a new series of notes no further details at this time— which will circulate along with the older types (until further notice, I imagine). CEYLON: New name for country is now SRI LANKA, q.v. CHILE: 1000 Escudos, 146x70mm, pre- dominantly red and blue, features a portrait of Jose Miguel de Carrera, military dictator, 1811-1813, and Spanish legend which translated means The hour of American independence has arrived. No one is able to avoid it." COLOMBIA withdrew its 500 Pesos notes from circulation on 1 Dec. 1973, possibly as a counter measure against a large burglary of these notes. They are still redeemable, but subject to careful examination. ':OSTA RICA: Banco Central de Costa Rica has released two new notes: 10 Colones, 156x67mm, olive green, with Rodrigo Facio Bernes on the front, the central bank building on the back, and containing a "BCCR 10" watermark; 50 Colones, 156X67mm, blue, with Manuel Barro de Penalta y Alfaro on the front, a building on the back, and with a "BCCR 50" watermark. CZECHOSLOVAKIA: 500 Korun, 152x 67mm, predominantly brown, features two soldiers the Slovak national up- rising in 1944 and coat of arms on the front; the back depicts the ruins of Devin castle and contains an en- graving of a bronze "ride falera" (a coin-shaped object) of S I a v o n i c- Avarian origin, from an archeological find near Devin. CZECHOSLOVAKIAN "Tuzex-Koruna" Currency: Available in 0.50 (50 Haleru), 1, 5, 20 and 100 Tuzex- Korun denominations, and paralleling the values of Czech currency; are illegal for Czech citizens to own! Rather, this currency is for tourists only, obtainable for the hard currencies of West Germany, Switzerland, Eng- land and USA, and "spendable" in special "export" stores. 'Special Note: While my main inter- ests in paper monies lean toward paper currencies, i.e., "primary" issues such as those of central banks, central or federal governments, and other estab- lished (as opposed to provisional or other types of fly-by-night) govern- ment issuing authorities, I will list in this column such other "secondary" issues which may be brought to my attention. Examples: the above listing; troops' vouchers, under "Judaica" list- ing, below. GAMBIA: 5, 10, and 25 Dalasi, with First President Sir Dawda Kairaba Jawara on the front, and head of a crocodile watermark. The 5 Dalasi, 135x70mm, carmine, features "steve- dores" on the back. The 10 Dalasi, 145x80mm, green, depicts a net fisherman in a boat. The 25 Dalasi, 155x90mm, blue, pictures machine operators. GERMANY, EAST: 50 Mark, 1971, 1 36x 59mm, predominantly carmine, fea- tures Friedrich Engels on the front, and an Oder river oil refinery on the back. INDIA: 10 Rupees, 137x63mm, Asoka pillar watermark. Predominantly dark- gray and beige, the front has a large numeral and Asoka pillar, and the back portrays a sailship. JUDAICA: A 1 Lira (caUSA$0.24) spe- cial troops' voucher, issued by the Shekem (Israeli post exchange), sent by families of servicemen to military personnel on the Egyptian and Syrian fronts, dark and light blue, black, and with red control numbers, is reportedly the first numismatic item attributed to the 1973 Yom Kippur War. LUXEMBURG: 50 Francs, 136x75, multicolored, portrays Grand Duke Jean on the front, and features a factory scene on the back. Issued by Grand Duchy of Luxemburg. MALAGASY REPUBLIC: The Franc of this country is no longer convertible into a French Franc. MALAWI has issued a set of seven Kwacha denomination notes. All notes feature President Dr. Hastings Kamuzu Banda on the front, and a cock water- mark. Backs depict various scenes. Notes are various colors. The 0.50 K 150 Tambala), 1 24x70mm, exists in two varieties . . . 1 K, 134x76mm . . 2 K, 150x82mm . . . 5 K, 152x 82mm . . . 10 K, 160x88mm, also exists in two varieties. Wow! What next? Perforated imperforated with and without watermarks, etc., just to catch collectors with their wallets open? Perhaps the source of this info meant signature varieties? Well, more about this when I know more. MALAYSIA: The Dollars of the Malay- sian Federation and the Republic of Singapore haven't been interchange- able since 8 May 1973. (This, in case you were napping . . . I must have been ... it was news to me.) MALI: 500 Francs, 130x85mm, depicts tractors and drivers on the predomi- nantly green and bistre front, and a camel caravan on the multicolored back. President Mamadou Konate is featured on the watermark. MAURITANIA: The Islamic Republic of Mauritania, which has previously been using the currency of West African States (CFA Francs) , has issued its own new currency, via Banque Cen- trale de Mauritanie. The new mone- tary unit, Ougiya, consists of five Khoum, each Khoum being equal to one CFA Franc. The three notes are: 100 Ouguiya, 144x7Omm, with wom- an with palm trees and millet on the front, and boat with rowers on the back . . . 200 Ouguiya, 155x80 mm, pictures another woman and tent type structure on the front, and camels on the back ... 1000 Ouguiya, 166x90mm, features a welder and rug weaver on the front, and women either playing musical instruments or doing their laundry in the river, plus the stand-bv, basket-on-the-head trick on the back. MEXICO has placed a new type 50 Pesos note into circulation. SRI LANKA: Might as well get to know this new name, fans! I'll be using it henceforth, even if discussing older issues of, er . . . what was it again? . oh, yeah! Ceylon! Anyhow, Sri Lanka has issued new 50 and 100 Ruppe notes, with the portrait of Bandaranaike, printed in 1973. These will be circulating along with the pre- vious issue notes. WHOLE NO. 50 Paper Money PAGE 69 by M. Tiitus TAIWAN has placed new 50 and 100 Dollar notes into circulation. UGANDA: 10, 20, 50 and 100 Shillings, multicolored, with General Anim on all fronts, and various scenes on the backs. Notes increase in size as they do in denomination. URUGUAY has issued a modernistic new 10,000 Pesos, with portrait of Artigas. VENEZUELA has issued a new 100 Bolivares note, featuring Simon Bolivar. Literature PAPER MONEY CATALOGUE OF THE AMERICAS, by Albert Pick Printed in Munich, Germany, late 1973; in English, with valuations in dollars; hardbound, 335 pages; 52 listing s, including island countries. Covers North, Central, and South Americas. Retail price $25.00. Avail- able from various dealers; also from this columnist (please see ad else- where in this issue). STANDARD CATALOGUE OF CANA- DIAN COINS, TOKENS, AND PAPER MONEY, 1974 edition (22nd), by James E. Charlton Printed in Toronto, Canada, 184 pages. The paper money section features notable changes and additions. Retail price $2.95. Available at local hobby stores or directly from Charlton Inter- national Publishing, Inc., 299 Queen Street West, Toronto', Ontario M5V 1X9 CANADA. "Norwegian Coins and Paper Money since 1874," printed in Oslo, Norway, 1972. In addition to a brief monetary history of Norway, and a thorough coverage of coins, the paper money section begins with the issues of the Norwegian Bank of 1877, and includes emergency issues of cities following the German invasion of 9th April 1940, and private credit coupons by firms and banks. Details include size, paper and colors, inclusive issue dates, and illustrations of both fronts and backs of notes. Available for $10.70 from Universitetsforlaget, Blindern, Oslo 3, NORWAY. KATALOG NOVCA SRBIJE 1 CRNE GORE 1868-1918, by Vojislav Mihailovic and Dragoslav Glogonjac "Coins and Paper Money of Serbia and Montenegro, 1868-1918," printed in Bel grad e, Yugoslavia, 1973. Soft cover, 72 pages. Available for $8.50 from Regency Stamp 6- Coin, 228 Notre Dame, Winnipeg, Manitoba R3B 1N7 CANADA. GERMAN NOTGELD CATALOGS, pub- lished by Erich Proh, Berlin I started to list two of the latest offer- ings in German Notgeld Catalogs, each for a given city, but inasmuch as the info in front of me gives such contradictory tidbits as "The volume completes a seven book set . . .", and another is supposed to be "Numbered 29 in a series of volumes . . .", the heck with it! Anyone reading this who is interested in enhancing his/her library with reference material in this area of paper monies should contact the distributor in USA, who mercifully, would' have a decent listing, unencum- bered by contradictions: Mrs. Beate Rauch, Box 60321, Terminal Annex, Los Angeles, California 90060. People I have consistently, but not too ardu- ously, kept a lookout for similarly fun- ny typos in the numismatic press, albeit with little success. Not that typo- graphical errors are lacking in numis- matic publications, quite the contrary is true-but maybe it is just that while collecting is just as much "fun" as sex, maybe jokes about it just aren't "funny"? Anyway, I really "broke-up" when I saw, in the 9th Jan. 1974 issue of "Coin World," the title of a caption under pictures of Series 461 MPCs which read: "Began MPC Series In 1846." Now that I've typed it up for publication, it doesn't break me up anymore. In fact, I no longer see any humor in it at all. Well, maybe collecting isn't funny? But, I'll tell you th's: Some collectors and some dealers sure are funny! (End of TI ITUS report) The Pacific island kingdom of Tonga, known in recent years for its free-form, self-adhesive p o s t a g e stamps, issued a set on March 30, 1973 to commemorate the establishment of the Bank of Tonga. The 10 denomi- nations come in two basic designs. One consists of seven Tongan coins sur- rounding the bank building, while the other has a montage of six notes around the, building, all in full color. Special emphasis on anti-counter- feiting measures was the highlight of the first Pacific Rim Bank Note Printers' conference held in Australia in October and November 1973, and attended by the Bureau of Engraving and Printing's James A. Conlon. The gathering, a counterpart of the Euro- pean Bank Note Printers' conference, was also attended by officials from Canada, Mexico, Japan, Thailand and Indonesia. GUIDE TO THE CURRENCY OF IRE- LAND LEGAL TENDER NOTES 1928- 1972, by Derek Young Printed in Dublin, Ireland, in 1972; in English, with valuations, watermarks manufacturing details, signatures, and starting and ending serial numbers for the various series. Price $3.75. Available from Stagecast Publications, 15 Eaton Square, Monkstown, Dublin, I RELAND. KOREAN MONEY DIAGRAM, a reprint by a company Originally published by the Korean Government Printing Agency (Mint Bureau, Ministry of Finance) , on 17 Dec. 1970', the book is being reprinted in Korean only, but an English ex- planation will be added. The reprint with be revised and enlarged, and the paper money chapter will be in color. A pricelist of coins and notes will appear as an appendix. Available for $25.00 from Gold Coin Co., IPO Box 2659, Seoul, KOREA. NORGES MYNTER OG PENGESEDLER ETTER 1874, by Bjorn R. Ronning A GOOD FRIEND JOINS THE GREAT COLLECTORS CLUB IN THE SKY Alfred James Swails, the dean of Military Payment Certicats collectors, died on 20th Nov. 1973, in Tucson, Arizona, at the age of 74. Born in Harrisburg, Pa., on 11th Aug. 1899, Mr. Swails was a veteran of both world wars, retired with permanent disability in 1951. Mr. Swails gave MPCs collecting its primary impetus when in 1961 he pub- lished "Military Currency, W. W. II." Limited to 1000 copies, the author described it as having been "written primarily for my friends." This colum- nist is proud of his personally auto- graphed copy, numbered 715. Mr. Swails' accomplishments in collecting and research, as well as his help rendered to other collectors and re- searchers, are just too numerous for listing here. NEWSPEAK, A LA "COIN WORLD" .. Being a long-time follower of "Playboy After Hours" column, which features humorous typos in other publications, News that the Chase Manhattan Bank's Money Museum in New York will be closed has been received by numismatists with apprehension de- spite the bank's assurances that the collections will be preserved and trav- eling, consumer-oriented exhibits will be expanded and emphasized. The original museum was created by Farran Zerbe in 1929. Since that time it has numbered among its cur- ators SPMC Secretary Vernon Brown. The present curator is Gene Hessler, SPMC 3157, who will remain in charge of the collections. The oldest and largest foreign ex- change house in America, Perera Com- pany, Inc. of New York is now issuing "Travelchecks" in denomina- tions of U. S. $20 and $50. The $20 is printed in black with bluish gray background; the $50 is dark blue with light blue background. They are printed from steel engravings on special safety paper. PACE 70 Paper Money WHOLE NO. 50 A Forgotten Chapter: The United States Postal Note By NICHOLAS BRUYER SPMC No. 3448 (Continued from PAPER MONEY No. 49, Page 29) THE FIFTH ISSUE: A NEW MONEY ORDER EW contracts for the engraving and supplying of books, forms and notes went into effect on Sept. 3, 1891. The Dunlap & Clarke Company of Phila- delphia was successful in the bid for this work, and began officially issuing postal notes with their imprint on this date. The obverse and reverse of an unsevered pair of specimen notes are shown in Plates 29 and 30. The design and engraving of these notes are identical to that of American's notes, except that the American Bank Note Company imprint has been removed from both sides of the note, and that of "DUNLAP & CLARKE, PHILADELPHIA, PA." filled into American's old im- print on the obverse. The possibility has been raised by several individuals that, upon completion of their contract with the govern- ment, American turned their postal note plates over to Dunlap & Clark. Once in their hands, the Dunlap & Clarke people transferred their name onto the plates after erasing that of American. Nowhere on the note does Dunlap & Clarke claim credit for the engraving. Thus, some Dunlap & Clarke notes may be exact duplicates of certain American notes, excepting, of course, the change in company name, serial number, etc. Plates 31 and 32 illustrate the obverse and reverse of the Dunlap & Clarke note as issued. Costs and Security Some information culled from volumes of the Annual Report of the Postmaster General for the years 1889 to 1894 reveals that the average cost to the POD for books of engraved postal notes was about $17,500 per year. It also seems that the Post Office purchased the postal note punches used by the local postmasters to designate the amount of the note and to cancel it. From 1890 to 1894, the POD spent $10,245 on postal note punches alone, and of this $4,971 was spent in 1893 for the punches! I believe that these were bought for post- masters only during these last few years, as there is no accounting of them before 1890, and the cost for punches in that year was only $914.00. The primary problem still aggravating officials of the Post Office was that of the security of the postal note. Myron H. Ross, in an article on the postal note, com- ments that for several years the Money Order Division noted that losses in postal notes due to fraud and other illegal activities were on the increase. A POD publication resulting from an extensive study of the money order system in 1915 remarked that during the issue of postal notes "it was found that because the postal notes were payable to bearer, mail depredations had materially increased, and it was estimated that thousands of pieces of mail which contained no (money) at all were destroyed in efforts by thieves to obtain postal notes." In his report of 1892, the Postmaster General made suggestions for improving the note: It is evident that the postal note might be rendered less insecure for remittances by inserting therein the name of the person for whom it is intended as payee ; and the files of correspondence in this De- partment contain abundant evidence that the objection to its use on the part of many would be largely overcome if the purchaser were accorded the privilege or option of entering therein himself the name of the intended beneficiary or payee. Dissatisfaction with Postal Notes The Postmaster General then recommended that 1) a new postal note be issued allowing space for the name of the payee, if the purchaser should so desire, and 2) that the person designated payee on the note may, by his written endorsement thereon, direct payment of the same to any other person. In other words, the Post Office wished to give the purchaser the option of making the note payable to bearer or to any specific person. Un- fortunately, the Postmaster General's recommendations never materialized, and criticism grew more pronounced. The First Assistant to the Postmaster General, giving his opinion of the postal note and the money order; said: It seems to me unnecessary and confusing to have two systems so nearly alike, for the transmission of money by the Post Office De- partment ; and if the reduced fee for postal notes should be applied to money orders, on amounts up to $2.50, the average postal note now being for only about $1.65, why would it not be for the greater efficiency of the service, and a saving of time to postmasters, . . to withdraw the postal note and provide better facilities, if need be, to a prompter return and scrutiny of postmasters' money order accounts. The defects of his argument are obvious, but his rea- soning seems to be exemplary of the thoughts coursing through the minds of postal officials at this time. The postal note was created and served to save time and increase efficiency for the postmasters; this it did. Reverting to the old form would increase the burden of the post offices, not relax it. However, the POD had in mind a new money order, borrowing for it some of the postal note's better points. Problems with Money Orders Actually, many of the charges leveled at the postal note, such as the one above, occurred under the heavy problems developing with the U. S. money order. The average value of the postal note declined steadily over the years, shrinking from an average of $2.01 in 1884 to $1.60 in 1894, a decrease of about four cents per year. This decline in value roughly mirrored that of the money order, but the decline in the money order was much more critical than that of the postal note. Three cents was charged for issuing a postal note, regardless of the amount for which it was issued, while in the money order business the fee charged was directly proportional to the value of the money order. A decrease in the average value of the money order thus caused a decrease in the revenue of the POD, although the exact same amount of time, labor and materials were involved. This steady decline in revenue eventually resulted in deficits for the money order division. One can easily see why the Post Office was more than ready to exterminate the postal note if there was any possibilty that it would increase the revenues of the money order service. On November 9, 1893, the POD recommended the discontinuance of the postal note, re- placing it with the money order at a reduced fee of 3c on amounts less than $2.50. Congress passed an act of January 27, 1894 ordering that no more postal notes be produced, that the issuance of postal notes cease on July 1, 1894, and that a new Paper MoneyWHOLE NO. 50 PAGE 71 VegSeMatiegenfor Lass tar Ovsjleiatrs. Nth% the Niel SlatEs LL PAS re HEARER within One. mouths dram the teat thy orate meant of home hollaro. 0 414 ■11...,,N 74,A. . .,11/10r11.,11■ Ni111414:1471•1111:MIli..... _ _l89 •■••■•■=allred‘M him five Dollars. Patiablt In the &led Safes colg. rw-ien - ; 611.4'71••• vrtu, PAYTO DEARER withal three mouths from the laat dayarthe month of Some Plate 29. A specimen sheet of the Fifth Issue U. S. postal note, a product of the Dunlap & Clarke Co., Philadelphia. "limited money order" would take its place. On July 1, the name of the 723 postal note offices then existing was to be changed to "Limited Money-Order Office," able to issue, but not pay, money orders. The act also provides that a postal note itself shall not be paid after one year from the last day of the month of issue, but instead shall be paid by a warrant drawn on the Treasurer of the United States against a special fund created for their payment. Another bill was proposed, S. 751, to provide for a "Postal Fractional Currency." However, this bill was re- ported back to the Senate "adversely" by the Post Office and Post Roads Committee, and dropped. The Last Days of the Postal Note As mentioned earlier, nearly all of the notes illustrated in this article were obtained as souvenir specimens by the general public and postal employees. In June of 1894, just before cessation of the postal note issue, there was a very busy souvenier hunter in Portland, Oregon. He bought notes, issued to him for lc sort of wholesale, as shown by consecutive serial numbers of notes still extant. These numbers show that between June 5 and June 28 he must have purchased at least 69 postal notes. All issues of postal notes have a signature line at the bottom of the note, to be signed by the person presenting the note for payment. All of these Oregon souvenir notes are meticulously signed by E. 0. Norton, our prolific col- lector. Doubtless this E. 0. Norton has provided modern collectors with the largest existing cache of postal notes and earned some notoriety for his (her?) signature in the process. As with the first day of issue of the postal note, the last day was some cause for souvenir collecting also. Plate 33 illustrates a page of notes dated June 30, 1894, both for lc, yet with all dollar coupons left attached, signed by the postmaster and his assistant. On that day, in accordance with the law, blank postal notes remaining unused were recalled, examined and destroyed. Earlier legislation made postal notes older than three months from the last day of the month of issue invalid and replaceable by application for a duplicate. Compared with the number of postal notes issued, very few were replaced by duplicates. Quantities Issued and Extant Table C lists numbers of invalid notes replaced by duplicates for the years of issue, 1884 to 1895. Notice that in 1895, 5,277 postal notes were replaced by dupli- cates; it is possible that these were replaced by duplicate postal notes, and thus there is the possibility that there still exists a postal note dated later than June 30, 1894. Table D is a complete listing of the total numbers of U.S. postal notes, 1883 to 1894, issued, paid and out- standing, and the amounts for which they were issued and paid. During the years of fractional and postal currency issue, 1862-1876, a total of 1,804,000,000 notes were issued, worth some $367 million. It has been estimated that of the $14.7 million worth of fractional currency left out- standing after redemption, only about $500,000, or 3.4% are still in existence today, roughly equivalent to 2,460,000 individual notes (page 35, Limpert, United States Postage Currency—August 1862 to May 1863—and Fractional Currency—October 1863 to February 1876). During the years of postal note issue, 1883 to 1894, a total of 70,824,173 notes was issued, worth some $126.5 PAGE 72 Paper Money WHOLE NO. 50 THISaNCE PAID, Of WHOMSOEVER PRESENTED WILI:DE WORTHLESS'IN TN E. HAROS °ie. SUSSED:ANT OLOERFF NOT THREE MONTHS FROM. • THE {AST DAY OF THE MONTH OF,ISSUE.. HOLDER.TO ORTAIN THE .0010 NERO; LESS AS ADDITIONALti FEEOs. THREE CCNTS. MOST.OELIVER IT.TO THE POSTMASTER AT ANT AL MOSEY ORDER OFFICE * 4' ALIO SIGN AN APPLICATION FORA DUPLICATE PAYABLE TO NI M BY SUCH POSTMASTE R eaen0 BE ISSUED BY THE C.a.) POI4TOVEICE DEPAIIITM ENT THIS MITI: 11‘ ONCE /1.111 BY W•10149.(i Aisincre • MADE. WORTNICSB IN THE HANDS DP.1,0 E1 5E04.4 4 IDIDEN.IF NOT PAWNER. THREE MONTHS PROM FRE LAST-DAY OF ABE •,..4 MONTH OF ISSUE.THE NOLOEN TO OOTADN THE .01110 THEREOF i LESS AN ADDITIONAL i■ FEE-Of TRACE:1E0TC • MUST DEL'VER IT TO INEPOSTRASTER AT ART AL MONET OTHER OFFICE .0 SIGN Mt APPLICATIONIL FORA DUPLICATE PAYABLE. TO HIM BY SOC. POSTMASTER (INA, DTO SE ISSUED 1V THE "1..6.1 ..„tus:rOrrii DEILUITNIENx.:;: Plate 30. Reverse of the Dunlap & Clarke Fourth Issue specimen sheet. Note engraving of the dollar coupons at right, American Bank Note Co. designation removed from bottom of note. TABLE C: NUMBERS OF INVALID NOTES REPLACED BY DUPLICATES, (1884-95) Number of Year Notes Replaced 1884 1,175 1885 3,963 1886 4,214* 1887 4,515 1888 6,436 1889 8,083 1890 7,404 1891 8,466 1892 8,438 1893 9,316 1894 9,604 1895 5,2770* Total : 76,891* * Estimated. Postal Notes more than 12 months old. ** During this year 1,815 Treasury warrants were also issued for TABLE D: NUMBERS AND AMOUNTS OF POSTAL NOTES ISSUED AND PAID, FIRST SERIES, 1883-1897: Year Total Issued Total Paid Out- standing Amount Issued Amount Paid 1884 3,689,237 3,398,416 290,821 $ 7,411,992 $ 7,254,126 1885 5,058,287 5,012,097 46,190 $ 9,996,274 $ 9,948,024 1886 5,999,428 5,952,200 47,228 $ 11,718,010 $ 11,666,931 1887 6,307,552 6,286,000 21,552 $ 11,768,825 $ 11,726,767 1888 6,668,006 6,631,990 36,016 $ 12,134,459 $ 12,104,881 1889 6,802,720 6,787.454 15,266 $ 12,082,191 $ 12,078,078 1890 6,927,825 6,865,911 61,914 $ 12,160,499 $ 12,128,574 1891 6,802,558 6,780,117 22,441 $ 11,753,849 $ 11,714,431 1892 7,050,040 7,011,490 38,550 $ 11,895,766 $ 11,871,393 1893 7,753,210 7,741,423 11,787 $ 12,903,077 $ 12,914,674 1894 7,765,310 7,762,654 2,656 $ 12,649,095 $ 12,644,845 1895 116,544 $ 187,142 1896 1,221 $ 1,589 1897 759 $ 1,035 Totals : 70,824,173 70,348,276 475,897 $126,474,027 $126,242,489 6/30/97 million: Only 4% as many postal notes as postage and fractional notes were issued. It is known that a maximum of 475,897 postal notes were left outstanding as of June, 1897. This means that there were only 16% as many postal notes outstanding in 1897 as there are postage and fractional notes today. Yet, the number of postage and fractional notes still around takes into account a theoret- ical loss of them over the years through fire, theft, loss, etc., while the number of postal notes listed as outstand- ing does not take this factor into consideration. Clearly, the postal note as a species is far more scarce than the postage and fractional issues. Collectors have realized the scarcity of the U. S. Postal note for many years. In a recent article on the postal note appearing in Postal Stationery, a publication of the United Postal Stationery Society, the author, E. Norman Lurch, recounts that it has taken him "about fifteen years to locate and obtain a copy of each of the four types." (At the time he wrote this article he was unaware of the existence of the Third Issue postal note.) Frederick A. Brofos, in an article on the notes appear- ing in 1954, suggests one reason for their rarity: "Money Orders and Postal Notes . . . in order to serve their pur- pose had to be cashed in—and so passed from the public back to the Post Office from whence they came and where they usually met a fiery end. The majority having thus been incinerated it is not surprising that the early issues seem out of reach." Mr. Brofos had heard of the postal notes, but had never seen one until he chanced to come across a few specimens in a currency display at the Chase Manhattan Bank in New York, which, incidentally, still retains these few postal notes in its museum col- lection. Table E is a list of the 1883-1894 series of U.S. postal notes issued in different states, compiled from infor- r*ilritlxv •iiraers;% . IS omits Paper Money PACE '73WHOLE NO. 50 1s9IT4dEr11,1 AI -or Less than flee Dollars. Payable in the United Slates only. "r",,\‘', 00)11D1» NTN1ANTI,11 w:n;?.. (041Pa.sys LILL PA, TO 1111311 I' It within ti p MIR ll•int the last /lay 11011 issue ■••^1.-tH,•: c.) oN wilestroved no duplicate tam IC' Iti$11041 Ite rice the above. oilman( THEN ,H1,111.1. -14" ftl• NOTE: OVE PAID. "'"N. BY WHOMSOEVER PRESENT E WILL BE WORTHLESS IN THE ANDS OFANY SO85E11E:ENT NOLDER.IF HOT PAID THREE MONTHS FROM . 4, THE LAST DAY, OF THE MONTH OF ISSUE.THE HOLDER,TO OBTAI5 NINA4 THE AMOUNT THEREOF LESS AN ADDITIONAL FEE OF TH4tEE CENT MUST DELIVER IT TO THE POSTMASTERAT ANY iMONEY ORDER OFFICE *NO SIGN AN APPLICAIION FORA DUPLICATE PAYABLE HIM BY SUCH PO STMATT HOT° BE ISSUED BY THE 1.E ,q POST DITICE DEPARTNI Plate 31. The Fifth lsul flute, as issued. Dated last day of issue, June 30, 1894. (', nnurtesy of U. S. Postal Service) Plate 32. The reverse of the Fifth Issue note, as issued. mation in the Annual Report of the Postmaster for the years 1884-1895. The first two columns are for compar- ative purposes, to illustrate the growth in postal note issuance between 1884 and 1894, while the third column gives the total number of postal notes issued for all years. The most common states of postal note issuance are New York, Illinois, Iowa, Ohio and Pennsylvania, while the rarest include Alaska, Oklahoma, Indian Terri- tory, Nevada, Delaware and Wyoming. Stars at the left of certain states indicate that the author has seen or heard of notes still existing from them, while he does not know of any notes still surviving from the unstarred states. Information on this is still being compiled. This table readily shows that the circulation of postal notes from one state to the next differed radically. The larger, more heavily populated states such as New York issued as many as 5.5 million notes over the years, while smaller states like Vermont issued only one-tenth this. Perhaps more research will uncover the names of the individual money order and postal note offices that issued notes in these states, and numbers of notes they issued, much like the Federally-chartered National Banks that were allowed to circulate National Currency bearing their imprints. ONE FAILURE: TRY AGAIN pURSUANT to the act of Congress, the postal notewas retired on June 30, 1894, the names of thepostal note offices were changed to limited money order offices, and a newly redesigned money order was placed on sale on July 1. A description of the new money orders was offered by the Postmaster General: "The (new) money orders are now lithographed upon bond paper of a superior quality, and have an underlying tint, adding much to the appear- ance of the order and affording a safeguard against attempts at alterations and erasures." Plate 34 shows an example of the obverse of one of the new money orders, along with its advice (compare with Plate 1). The new order has a bit of artistic flair in it, although it is still large and requires some time of fill out and issue. At left are the dollar and cent coupons, which I theorize read from top to bottom when not cut off : 10 DOLLARS,' 20 DOLLARS/etc . . . 1 DOLLAR/2 DOLLARS/etc .. . 10 CENTS/20 CENTS/etc ... 1 CENT/2 CENTS/etc . .. Unlike the old form, the new order did list the name of the person to be paid on it. Fit e'lit IS941MMEIIIANSEEI hid= than Free Marts Payable m are United Sales nary 0■1"..4.119.4. PARIMpaW :wog! qpripx(12, *111 1YY To !WARE:It 9itht.. thrpliNpMam from its. Inert ol.r,OfItsr math of 6i.11•-• Lan* r Lib 1t. :0i4/4 C5*. ■14*11:191.0Yite (AM abeAle M""' Fokess than Free Dollars. Payable in the Dirtied Slates Emig. .;";;;;;" " • ; SILL PAY TO 11EAltER within and.. Prom the Lao* Anv olla■• month or Ismer /1:4 Dollars, PAGE 74 Paper Money WHOLE NO. 50 TABLE E: POSTAL 1883-1894 NOTES ISSUED, BY STATE: 1883-1894 State 1884 1894 Total-est. State 1884 1894 Total-est. Alabama 36,690 72,480 722,700 +Nebraska 97,285 260,004 2,191,450 Alaska 1,153 3,050 Nevada 9,152 11,724 127,900 Arizona 5,602 20,068 151,950 +New Hampshire 40,117 67,602 667,900 +Arkansas 40,420 77,508 740,750 +New Jersey 40,020 106,376 822,000 California 96,130 318,452 2,222,950 New Mexico 8,673 23,063 204,850 Colorado 41,502 125,542 1,071,000 +New York 307,320 633,723 5,525,250 +Connecticut 52,548 116,448 1,013,750 No. Carolina 53,553 87,599 876,750 North Dakota -e* 53,354 216,900 Dakota 37,827 -5 556,500 Delaware 7,044 14,282 137,850 +Ohio 278,999 482,037 4,682,250 D. C. 14,905 30,271 279,800 Oklahoma -- 24,240 64,750 +Florida 23,796 79,914 621,450 4-Oregon 24,069 86,722 625,000 Georgia 55,006 137,376 1,172,900 +Pennsylvania 272,407 524,929 4,638,850 Idaho 5,030 25,660 182,900 Rhode Island 14,333 28,026 247,800 +Illinois 295,755 545,501 5,242,400 So. Carolina 30,504 56,305 547,450 Indiana 150,226 292,179 2,759,950 South Dakota -- 92,597 422,984 Indian Terr. 3,008 25,476 109,500 +Tennessee 44,310 74,723 751,150 Iowa 279,461 492,498 5,034,950 Texas 109,589 282,238 2,533,200 Kansas 186,604 352,603 3,777,750 Utah 7,407 26,192 203,950 Kentucky 38,014 88,457 749,750 Vermont 43,045 53,726 552,250 Louisiana 22,538 54,831 416,450 +Virginia 50,614 92,348 859,350 Maine 49,273 93,334 824,950 Washington *** 14,043 98,529 616,150 Maryland 35,180 71,179 657,550 West Virginia 24,710 58,554 467,800 +Massachusetts 119,059 275,096 2,442,300 +Wisconsin 130,040 218,891 2,249,550 Michigan 194,111 354,032 3,414,200 Wyoming 5,582 18,087 144,850 Minnesota 90,471 196,414 1,785,050 * See No. Dakota. ** See Dakota Mississippi 42,427 76,072 646,950 +Missouri 142,703 315,510 3,002,350 *** 14,043 notes issued as Washington Territory Montana 15,135 51,385 399,600 Plate 33. A page of Fifth Issue notes with all dollar coupons attached, countersigned by the assistant postmaster, dated last day of issue. WHOLE NO. 50 Paper Money PAGE 75 PORTLAND, Oregon. ON, 43976 -9-vy ■L' 18 1 895 _Or NAm, , Port .MRS S A RS AIR S AR S A R S ARS.ARS IL AR LLARS LLARS LLARS LLA RS LLARS LLARS LLARS LLARS CENT ENTENTS ENTS ENTS ENTS CENT CENT ENT 11 'UNITED STATES 4 M()NEV 11APER1 SO; ltl llfglg 13 , Hie not vont of this order - 5 I I t` .K? 1391 . 6 c'-St State_ flollur , Cent, Post ,nti: es' 0' jiag to WHO 0,,HES O, , 10 DE PA..; TO ANOTHER r+,LIN MUST FELL IN AND SIGN FORM or SNANSyER 44, MORE THAN ONE THANSeE GN7C•H I i:IITED DV LAW. 11.1 t., • PORTLAND, Oregon, (I potionti -Amour of orber 1..„) \tame of :Palitc, grot-4 N°. PAYE 't* Town or City _ 6‘.. L o , Sirco Plate 34. The new limited money order, with dollar and cent coupons at left, advice at bottom. Issued from 1895 to 1898. (Photo: Atsuhiko Tsunoda) These "new improved" money orders, now carrying the full money order business without the aid of the postal note, did not last long. Their size and shape caused public complaint, there were imperfections in the format that made fraud a common occurrence, and the entire money order system was almost suspended for a time because of claims that the money order form infringed on a patent. In short, the form was disliked by the public and, in certain cases, facilitated rather than pre- vented fraud. Thus on Sept. 4, 1899, another new money order form was issued, of a simple, small and clear design (Plate 35). It was much smaller and less costly than the old form and had a space on its reverse for the stamps of banks (from which I guess we can conclude that these new money orders were "bankable"). An entirely new addition was the use of a receipt to be issued the pur- chaser. "In color the order is blue, having a light blue ground, with fine, closely interlaced, tinted lines of geometrical lathe-work, of darker shade . . . as an addi- tional safeguard against counterfeiting, a horizontal water-mark, composed of the initials U.S.M.O. in broad, capital letters, has been wrought into the paper on which the new forms are printed." The POD had finally designed a practical money order. It had announced on June 13, 1898 the opening of money order offices coincident with the establishment of military postal stations at Cuba, Camp Alger, the Philippine Islands and Chickamauga Park. On July 21, 1898, like service was extended to Porto Rico. These "foreign" offices issued a form similar to that of the new money order, except that they were printed in yellow, had a different design of security printing, and different watermark. An example can be seen in Plate 36. On December 31, 1900, all limited money order offices were discontinued as such and reopened as full money order offices. For the years 1898-1902, amounts and numbers of invalid postal notes redeemed by the government were lumped together with numbers of .money orders received, so that no statistics are available. However, amounts of invalid notes redeemed for the years 1903-1912 are listed in the Postmaster General's Annual Report. During this period $840.00 worth of notes were received and warrants on the Treasury issued in their place. If we divide this amount by the average value for which a postal note was issued in 1894, $1.60, we can estimate that approxi- mately 525 invalid notes were redeemed during 1903-12, a span of ten years. (A recapitulation of the first five issues of the first series Postal Notes follows on page 76 together with plates 35 and 36) UN1TED STATES POSTAL MONEY ORDER. r PAY TO TN Vinal Haven, Maine Ai 19506 190 •HE ORDER NOW CORRESPOND iN PARTICULARS TO ITS ADVICE 0 , SANK NWAS EN APO OWE.1 TO DE STARRED NENE I DOLtRiTIL (mt FIGURES. ON IIEST CUMIN DOD, 0 ,ADOVE SPACES WAITE TN, AMOUNT IDLLA PE _CENTS. ORDER, REPEAT TN E •YOU NE THERE FOR MOLARS NAM DORM USING A WORD ON WORDS TO [PPP EDS IVWEDER OP DOLLARS. DV AMGEN 0 THE SI•mstuov AMOUW FOR WIDEN ANT POSTAL ORDER EAR 1•WPIl IX, DC .:SUED .S ONE MUNOPED OC,ARS. S.S. RANI OPPOSITE WREN .t" ENT HMADE , DEDVV' Tro AN'S, D, \ 'SSE) IRG O£4, •s FOR °MIAMI WRITE WORDS. DOLLARS, / CENTS. FOR DENTE WE REAM. „dr ER. RECEIVED PAYMENT. yi 4 I. Tsl AMOUNT OP THE ORDER IS INPREDIPED IN UNITED ;FATED CURRENCY AND WILL DE PAIO IN THAT NORD OR THE EQUIVALENT IN PHILIPPINE CORDENDE. THE IWAINvN DROCINT FOR wHICH AW POSTAL ORDER UP LAW ELK, BE ISSUED IS ONE NUDISM ootsARD, S. OURRENCT. NON SAW OPPOIIITE WHEN .11dENT IS DADE. No. /SR TINS ORDER WHIT CORRESPOND IN DOWDY- LARS TO ITS ADV. OF M. KHMER AND DATE. Ulu; ° /Calk (A.m. ran Inn. mem.) AlOVE SPANN WInS THE AMOUNT IA hoURES. ON NEW LINE IN EC. OP ORM., REPEAT THE AMOUNT, THERE WINO A WORD OR WORN TO EXPEREE NUI/SCR OF DOLLARD. TO DE KAMM* NM PAY TO THE DE OF °.( f ' Xait0/0 19698-4 PHILIPPINE POSTAL MONEY ORDER, Ert PAVING Off.. TO THE PO OR MANILA, P. I. PAGE 76 Paper Money WHOLE NO. 50 Plate 35. The money order issued from 1898, no advice or coupons, could be cashed at any money order office or bank. Plate 36. The money order of the type issued by military money order offices in foreign countries. Printed in yellow, this one is from the Philippines. THE FIRST SERIES POSTAL NOTE, 1883-1894 First Issue: The Homer Lee Bank Note Company (see Plates 8 and 9). Probably issued from Sept. 3, 1883 to June 3, 1884. OBV. left: Columns for punching out the month and year of issue, two circles for applying the dated stamp of the issuing and paying offices and a vignette of Liberty with "FEE THREE CENTS." The body of the note has a red serial number, name of issuing office in blue, space to designate paying office, amount of order, and signatures of issuing postmaster and payee. Right: Columns for punching out dollars, dimes and cents. All engraving brown, text printed in black. REV.: Interwoven "US" between two large circles. "IF THIS POSTAL NOTE BE NOT PAID . . ." at top, "AFTER ONCE HAVING PAID . . ." at bottom. Printed in blue. Paper is yellowish. Second Issue: Homer Lee Bank Note Co. (see Plates 17 and 18). Probably issued from June 3, 1884 to Jan. 3, 1887. OBV. (left to right) : Detachable coupons for "FOUR DOLLARS," "THREE DOLLARS," etc. printed vertically. Serial number in red and place of issue in blue ; spaces for date of issue, name of paying office, amount of note, signatures of issuing postmaster and payee. Vignette of Liberty with cancellation star at bottom, columns for punching in amount in dimes and cents. Text and engraving black. REV.: In- structions "THIS NOTE ONCE PAID, BY WHOMSOEVER . . . MUST DELIVER IT TO THE POSTMASTER AT THE PAYING OR AT THE ISSUING OFFICE . . ." between two large circles for post- marks of the paying and issuing offices. Printed in blue. Paper is greyish white. Third Issue: Homer Lee Bank Note Co. (see Plates 23 and 24). Probably a stopgap patchwork note, issued sometime between Jan. 3, 1887 and Sept. 3, 1887. Apparently exactly the same as the Second Issue note except: OBV.: bottom, instructions modified from "This Note is also . . ." (as in Second Issue) to "If lost or destroyed no duplicate can.. . ." REV.: Instructions modified to "THIS NOTE WONCE PAID, BY HOMSOEVER . . . MUST DELIVER IT TO THE POSTMASTER AT ANY MONEY ORDER OFFICE. . . ." Fourth Issue: American Bank Note Co. (see Plates 26 and 27). Officially issued from Sept. 3, 1887 to Sept. 3, 1891. Design is basic- ally similar to the Third Issue note, except that engraving is all new. Also OBV.: "THE POSTMASTER AT ANY MONEY ORDER OF- FICE" is artistically engraved into the center of the note. REV.: Between two large circles a shield with instructions thereon ; the dollar coupons are engraved on the reverse of the note as well as the obverse. Colors and paper all similar to Third Issue. Fifth Issue: Dunlap & Clarke, Philadelphia (see Plates 31 and 32). Officially issued from Sept. 3, 1891 to June 30, 1894. Apparently identical to the Fourth Issue note, except "DUNLAP & CLARKE PHILADELPHIA PA" substituted for the American Co. designation on bottom obverse of note, and American Co. designation removed from bottom reverse. NOTE: DATES OF ISSUE LISTED ABOVE ARE OFFICIAL. NOT NECESSARILY REFLECTING ACTUAL DATES OF ISSUE. NOTES OF EARLIER TYPE WERE USED UNTIL THEIR SUPPLY RAN OUT, AT WHICH TIME THEY WERE REPLACED BY THE NEWER TYPE NOTE. (To be concluded, with information on the 20th century, "second series" postal notes) Paper MoneyWHOLE NO. 50 PACE 77 SPMC Chronicle Chester County Currency Club Meets –.11111C-4.44Itortr Chester County Currency Club members—Standing (I. to r.) : J. Lynch, H. Beecher, N. P. Aspen, W. Roish, W. Burkey, D. Rhodes, M. Hrynyshen, P. Jung. Center row: W. Thomas, P. McCombs, N. Pannebaker, R. Jones, D. Lutz. Bottom row: C. O'Donnell, Joyce Aspen, B. Pannebaker. At their Dec. 20, 1973 meeting, members of the Chester County, Pa. Currency Club posed for the photographer (as shown here) after discussing the results of their campaign to get special Bicentennial designs for U. S. paper money, as previously reported in PAPER MONEY. Spearheaded by Dr. Nelson Page Aspen, it has elicited direct replies from James A. Conlon, director of the Bureau of Engraving and Printing, and officials of the Federal Reserve System. A third request was directed to Mrs. Julie Nixon Eisenhower and her father. Also discussed was the club's Bicentennial exhibition project for 1974. THE WINNER'S CIRCLE (Members are urged to notify the Editor of their awards in competition. Although lists of winners printed in the general numismatic press are scanned for SPMC members, all too often names are overlooked unintentionally.) At the Missouri Numismatic Society's 12th annual coin festival 1973, held in St. Louis, Maurice Burgett received the Roger Munie Educational Award for his collection of Montana bank notes. 3A.acts Tlatiza (Dealer-members are invited to submit their special price lists, dates of auction sales, etc. to the Editor for inclusion in this column.) Edward B. Hoffman, P. 0. Box 8023, Camp Lejuene, NC 28540—offers price list of U. S. military payment certificates, Allied and Axis military currency of World War II, and Vietnam safe conduct passes and air-dropped propaganda leaflets. Bob Medlar, 2145 - 50th St., Lubbock, TX 79412—offers his Spring 1974 list of all types of U. S. paper money with special emphasis on National Bank Notes. Small- size notes, fractional currency, legal tenders and silver certificates are also included. ANA Paper Money Slides Available The 1974 Visual Education Library List of the Ameri- can Numismatic Association includes eight sets of slides produced for affiliated clubs to use as meeting programs. (SPMC is an affiliate of ANA.) Prepared under the guidance of ANA Governor and former SPMC President Glenn Smedley, the sets consist of 2 x 2 slides and accom- panying lecture notes. They are available from ANA Visual Education Program, P. 0. Box 2366, Colorado Springs, Colorado 80901. Those based on paper money are sets 10, 14, 15, 16, 19, 32, 38, and 39. PAGE 78 Paper Money WHOLE NO. 50 ''.3:2E03103,:0210;;;M:0:::0:02:.:Wom:fg, .. . . --.-. RS itS EDITORIALAO 42fat 0 tzi 1,4 I■Xf. Tan. NCagirlAC.0.4.,3 W.. .' . 9 geitili4, ______ This is being written before distribution of the January issue is completed, so reaction to our request for a mem- ber participation column is minimal. However, some unsolicited comments have been received by our Secre- tary, Vernon Brown, along with dues remittances. They are the kind that makes all the frustration associated with production of the magazine seem worthwhile. One member wrote in regard to the Society, ". . . and the real product is PM magazine which is a superb publi- cation." Another said, "It is one of America's best publications for the price." Lest we become complacent basking in these com- pliments, we and I am not using the editorial "we" but mean all members must continue to support the magazine by paying dues promptly, advertising in it or supporting advertisers, suggesting improvements and writing articles. It is to the last item I wish to address myself. Please note that of some 80 new members listed in the Secre- tary's Report, more than 25% give specialties in the world paper money field, and five of them are resident overseas. That means we need in-depth studies in what we Americans provincially call "foreign" paper money. There are other areas of weakness also. For instance, very few of the many, many members who collect cur- rent small-size U. S. currency have ever written about it. Of course, some of them, when pressed about this situation, have replied that there is nothing to write about except numbers. Who can disprove this state- ment? Don't worry about your literary prowess. Just give me a logical array of facts and figures, and I'll do the rest. But the by-line will be yours. Then, too, in this early part of 1974, we must realize that the American Revolution Bicentennial is only two years away. In spite of the presence of such exhaustive works as Eric Newman's Early Paper Money of America, there are still areas in colonial and Continental cur- rency which can be the subject of good articles. As the premier organization in American paper money collecting, we are very nearly obliged to make a contri- bution to the Bicentennial outpouring of studies about the period of our history up to the time of the inception of the Constitution. Of course, we have other deficiencies, too, and if your specialty has been slighted recently, rest assured it was not by design but of necessity. At the moment two members are working on projects which should lead to useful articles: Nick Bruyer, author of the pioneering study on U. S. postal notes, is working on frontier banking in Toppenish, Washington and related Yakima Indian Nation affairs. Larry Sanders is working on satirical political campaign notes. What are you work- ing on? Please tell me; perhaps I can help, to every- one's benefit. BARBARA R. MUELLER Library Notes By WENDELL WOLKA, Librarian P. 0. Box 366, Hinsdale, IL 60521 UN40 Mao, King-On. History of Paper Currency as M8 Issued by the People's Republic of China from 1921-1965; First Edition 1972. 295 p. Illus. Gift of J. Roy Pennell Jr. This excellent book covers the issues of the Chinese Communist Party from 1921 to 1949 and the People's Republic from 1949 to 1965. After a brief foreword and history of the Communist times and issues, the book contains a detailed and very well illustrated catalog of all known Communist issues. Seemingly no detail is left unmentioned in the descriptions. Valuations are given for notes in U.S. dollars in three conditions-good, fine, and uncirculated-in the final section of the book. A very absorbing and interesting book! US70 Dillistin, William H. A Descriptive History of D5d. National Bank Notes 1863-1935. Gift of R. C. Pickett (Xerox copy). 1956. 55 p. This terrifically detailed book is a must for the true student of National Bank Notes as well as the casual collector who would like to know more about the interest- ing details surrounding these issues. The book is made up of three parts. The first covers notes of the first charter period along with historical information. The second contains a rather complete history of the historic National Gold Banks and their notes, and the third con- tains an account of notes of the second and third charter periods as well as small-size Nationals and other impor- tant subjects. This must be read to be appreciated! 55 pages with charts. Dr. John A. Muscalus has again come to the rescue in helping to fill out our library with informative and de- lightfully done booklets on the many areas of obsolete note collecting which have for so long been neglected. As most titles are self-explantory, I will for brevity's sake delete any further commentary. All of the booklets donated deal with various vignettes with the exception of the school scrip monograph which gives an overview of those issues. Again, thank you Doctor Muscalus! US75 Muscalus, J. A. Kinds of Scrip Issued by School M8k Districts in Financial Emergencies. 1971. 11 p. Illus. US75 Muscalus, J. A. Portraits of Elias Boudinot on M8w Paper Money. 1969. 11 p. Illus. US75 Muscalus, J. A. Landseer's My Horse, Spaniel M81 and other Paintings on Paper Money. 1967. 17 p. Illus. Paper Money PAGE 79WHOLE NO. 50 US75 Muscalus, J. A. Saint Catherine On Paper M8v Money Of The State Of Florida And Others. 1968. 7 p. Illus. US75 Muscalus, J. A. The Beautiful View of the M8u Rockville Bridge Across The Susquehanna Above Harrisburg on State Bank Notes. 1967. 7 p. Illus. US75 Muscalus, J. A. Historic Jamestown and Poca- M8g hontas on Paper Money and Chapman Art. 1971. 11 p. Illus. US75 Muscalus, J. A. Renault's Painting of the Sur- M8r render of Cornwallis at Yorktown on State Bank Notes. 1966. 7 p. Illus. US75 Muscalus, J. A. Lincoln Portraits on State Bank M8j Notes, College Currency and Scrip. 1967. 11 p. Illus. UF60 Pick, A. Osterreich Banknoten and Staatspa- P3 piergeld ab 1759 1972. Gift of Albert Pick. 79 p. Illus. This well-illustrated, 79-page book lists and prices virtually all Austrian bank notes with the exception of Notgeld issues since 1759. The text is in German and all prices are expressed in terms of the German mark. A worthwhile book for the foreign paper money collector. UJ60 Shlieker, E. et al. The Un Peso of the Bank S3 of Mexico 1935-1970. First Edition 1973. 56 p. Illus. Gift of Author. This book covers just about everything concerned with the familiar and popular one peso note of the Bank of Mexico with the famous sun stone obverse. It prices notes in U.S. dollars in four conditions—G, F, XF, and CU. With its wealth of information, it can not come too highly recommended for the collector of this interesting series. Be bee's fixed price list of the Celebrated James M. Wade Collection of U.S. Paper Money. March 15, 1956. 43pp. Gift of Morey Perlmutter. This sale catalog lists and describes the famous James Wade collection. You should see the 1956 prices! The Coin Collector's Journal. January-February, 1953. 16pp. with charts. Gift of Morey Perlmutter. Made up of article on National Bank Notes, Federal Reserve Bank Notes and Federal Reserve Notes from 1928 to 1950 by Robert H. Lloyd. American Auction Association Catalog of the Matt Rothert Collection (as well as several others) 128pp. Illus. Gift of Barbara Mueller. This catalog describes and in most cases illustrates many rare items from the fabled Matt Rothert collection. Must be seen to be appreciated. Dye's Counterfeit Detector. July, 1884 65pp. Illus. Gift of Morey Perlmutter. Thanks to Morey Perlmutter, SPMC has its first ORIG- INAL Counterfeit Detector. This very well-preserved copy is a veritable treasure chest of contemporary in- formation on counterfeit Federal and National Bank is- sues. In addition, counterfeit coins and general news of the financial world of the 1880's are discussed. The book even tells of the virtues of "Newbury's Dynamite Safety devices" in one of its many ads. We will be reprinting some pages in PAPER MONEY in the near future to show you the charm of this gem, but address your letter early to borrow this as it can and should be read by every member. There are several nights of unequaled entertainment here! REGULAR ADDITIONS ANA Club Bulletin. Nov. & Dec. 1973 The Numismatist, October, Nov. & Dec. 1973 Canadian Paper Money Journal. Oct. 1973 Essay-Proof Journal. Fall, 1973 Paper Money Vol. 12, nos. 3 & 4 Bank Note Reporter. Sept. & Oct. 1973 DUES FOR 1974 THIRD NOTICE Because of mail delays in the delivery of the January issue, the deadline for paying 1974 dues has been ex- tended to April 30th. Beyond that date no more issues of Paper Money can be sent. KEEP YOUR MEMBERSHIP ACTIVE. Pull out from the pile of unpaid bills, or from the desk drawer, the dues notice received in November or December and mail it immediately, together with check for $8.00, to: M. 0. Warns, Treasurer, P. 0. Box 1840, Milwaukee, Wis. 53201. "Crystal Ball" Predictions for Paper Money Collecting IN the annual Crystal Ball predictions published in theJanuary, 1974 issue of Numismatic Scrapbook maza-zinc, several paper money professionals commented on the near future of this area of the hobby. Ken Bressett of Whitman Publishing revealed that his firm is preparing a revised edition of Eric Newman's Early Paper Money of America and predicted increased popularity for colonial and Continental currency. Yasha Beresiner of the Latin American Notaphilic Society also pointed to the coming emphasis on this type of paper money sparked by the upcoming Bicentennial. He also predicted greater interest in notes of the Mideast fueled by the energy crisis. Chuck O'Donnell, said, "Paper money is at the thresh- hold of an explosion." He also declared that the U. S. government should offer paper money numismatic service just as it does with coins. Bill Donlon repeated his standing prediction that present-day values of choice U. S. paper money will rise sharply in the next few years barring some upset in the general economy. Curtis Iverson commented on the growing popularity of National Bank Notes. Bob Medlar mentioned colonial currency as ripe for a boom, as well as obsoletes, but regretted that the latter field is marred by a flood of unsigned and reproduced notes. He also recalled his previous prediction that if the number of collectors increased by 10%, the available supply of paper money would dry up, and that is just what has happened to the supply of Nationals. Collectors are beginning to look to uncirculated type notes and small size notes. Finally, Neil Shafer, also of Whitman, announced that early in 1974 his firm will release his book on Philippine emergency notes. He stated that all areas of paper money collecting are enjoying unprecedented popularity, due perhaps to the high prices of coins driving collectors to paper. "Within the field, the most influential factor is the appearance of a profusion of catalogs and price lists," Shafer wrote. "One could say that in general, paper money is about 10 years behind coins in its evolvement of sophisticated and accurate collector aids." He advised the reader to get into the field now. PAGE 80 Paper Money WHOLE NO. 50 SECRETARY'S REPORT New Member Roster VERNON L. BROWN, Secretary P. 0. Box 8984 FORT LAUDERDALE, FL 33310 Dealer or Collector C C C, D C No. New Members 3941 Carlton L. Squires, R.D. #1, Cambridge, N.Y. 12816 3942 Robert W. Johnson, 603 Bjornson Dr., #4, Cavalier, N. Dak. 58220 3943 Joe C. Elliott, P. 0. Box 10144, Kansas City, Mo. 64111 3944 Stephen Schroeder, Rt. 1, Box 171, Glyndon, Minn. 56547 3945 John A. B. Cormack, 1 Hillfield Drive, Boothstown, Worsley, Lanes., England M28 4WB 3946 Steven G. Mohrbacher, 3616 W. James St., McHenry, Ill. 60050 3947 Willis Brei, 621 Young Lane, Freeport, Ill. 61032 3948 Gary E. Monkman, 1005 Baldwin Ave., Waukegan, Ill. 60085 3949 George A. Hendrick, 16 O'Neil St., Joliet, Ill. 60436 3950 Charles W. Fulk?r, P. 0. Box 10, Bath, S. Dak. 57427 3951 Robert McCabe, 5720 N.W. 15th St., Fort Lauder- dale ' Fla. 33313 3952 Herbert J. Kwart, 51 Kings Lacey Way, Fairport, N.Y. 14450 3953 Richard B. Barhart, 4455 W. 62nd St., Brooklyn, Ohio 44144 3954 Herbert H. Espy, P. 0. Box 7266, Wilmington, Del. 19803 3955 Capt. Everett W. Krantz, SPCC Code 784 MC, Mechanicsburg, Pa. 17055 3956 David F. Blaisdell, 1241 Anders Ave., La Puente, CA 91745 3957 Lindsay M. McLennan, 94 Spadina Ave., Hamilton, Ont. L8M 243, Canada 3958 Arnold H. Selengut, 611 Barbara Rd., Landing, N.J. 07850 3959 K. Edward Jacobi, 7 Lippincott Road, Little Silver, N.J. 07739 3960 P. B. Maclntyre, 78 W. Indian Lane, Norristown, Pa. 19401 3961 Richard Piermattei, Moserstrasse 32, 3014 Berne, Switzerland 3962 Richard Dreger, Route 1, Creston, Wash 99117 3963 Richard J. Berweiler, 37892 Sea Way Drive, Mt. Clemens, Mich. 48043 3964 Stanley Yulish, 600 Rockefeller Bldg., 614 W. Superior Ave., Cleveland, Ohio 44113 3965 Evangelene Miller, 30 So. Prospect St., Norwalk, Ohio 44857 3966 Wallace P. Brown, 5661 Newport Road, Camillus, N.Y. 13031 3967 CPT. Joseph E. Boling, 10723 Densmore Ave., N., Seattle, Wash. 98133 3968 Mike McLoughlin, 5120 Saddlewood, Sacramento, CA 95841 3969 Robert S. Cohen, P. 0. Box 403, Bladensburg, Md. 20710 3970 Sim Smith, RFD #1, Box 200, Pottsboro, Texas 75076 3971 Phillipsburg Public Library, 200 Frost Ave., Phil- lipsburg, N.J. 08865 3972 W. H. Monroe, 5504 Eisenhower, Great Bend, Kansas 67530 3973 Robert E. Lee, 376 - 11th Street, Fortuna, CA 95540 3974 Joseph Mulevich, 108-12 Jamaica Ave., New York, N.Y. 11418 3975 Paul C. Keeton, P. 0. Box E, Lewiston, Idaho 83501 3976 Tim Fleming, 627 W. Lockwood Ave., Webster Groves, Mo. 63119 3977 Howard F. Schulz, 1716 - 21st St., Monroe, Wis. 53566 C C C C C, D C C C, D C C C C C C C C C C C C C C C D C C C C C C C C Specialty Obsolete and U. S. large and small-size notes World paper money Maryland National Currency U. S. fractional currency U. S. small-size notes $1 - $100 General National Currency Small-size nationals and currency errors National Currency of So. Dakota Foreign—"Black Africa" and Latin Amer- ica Australia, New Zealand, Israel, Palestine, Turkey Malaya, Straits Settlements Paper money having counterpart coins; Japan Japan, China occupation, Korea All kinds Scottish and British Commonwealth and Colonies Austrian & German Notgeld; general world National Currency National Bank Notes, Series 1929 Obsolete bank notes—U. S. and Switzerland National Currency of Washington, large- size U. S. Notes U. S. and world Israel and Palestine British Commonwealth Far East, Mideast, N. Africa U. S. large-size notes U. S. small-size notes Idaho bank notes $1.00 S.C. by block, large notes, $5.00 F.R.N. F.R.N.'s with 230 endings Paper Money PAGE 81WHOLE NO. 50 3978 James F. Nestor, 520 Commonwealth Ave., Boston, Mass. 02215 3979 Milton 0. Newell, 1027 No. Meade Ave., Colorado Springs, CO 80909 3980 Charles Kemp, 426 Riverbank, Wyandotte, Mich. 48192 3981 Michael Kovac, 48 Chestnut St., Binghamton, N.Y. 13905 3982 Gerald Gartstein, P. 0. Box 21, Queens Village, N.Y. 11429 3983 Charles B. Nitka, P. 0. Box 9111, Colorado Springs, CO 80909 3984 Charles N. Gish, 8908 E. 17th Street, Tulsa, Okla. 74112 3985 Freeman Craig, Jr., 465 California St., #707, San Francisco, CA 94104 3986 Wray K. McDonald, 3633 S.W. Park Ave., Des Moines, Iowa 50321 3987 James S. Ford, 3845 Ver Halen Ct., Culver City, CA 90230 3988 James K. Gibson, 113 E. Hamtramck St., Mount Vernon, Ohio 43050 3989 Arthur Reich, P. 0. Box 122, Oakland Gardens, N.Y. 11364 3990 Ted Wills, Box 896, Hinton, W. Va. 25951 3991 Robert E. Trimper, P. 0. Box 890, Stamford, Conn. 06904 3992 Michael L. Cummings, Box OFRM, APO San Fran- cisco, 96343 3993 John G. Cloutier, 218 Islip Blvd., Islip Terrace, N.Y. 11752 3994 Charles E. Baldwin, 1300 Army Navy Dr., #930, Arlington, Va. 22202 3995 George M. Daru, B 756 E. Northampton St., Wilkes- Barre, Pa. 18702 3996 Roland Sweet, P. 0. Box 924, Norwood, Mass. 02062 3997 Elmo L. Jackson, 1515 N.W. 14th Ave., Gainesville, Fla. 32605 3998 Clarence Clendening, 11855 Chesterton St., Nor- walk, CA 90650 3999 Joseph Toltin, 14 Orchard St., Elmwood Park, N.J. 07407 4000 Sam H. Bettis, 805 Brynewood Park Lane, Chat- tanooga, Tenn. 37415 4001 Robert J. Waszilycsak, 6101 Biltmore Ave., Balti- more, Md. 21215 4002 John A. Munson, 65 Birch Road, Malverne, N.Y. 11565 4003 John H. Mills, P. 0. Box 369, Sanford, Fla. 32771 J4004 Mark Taylor, 661 Ashburnham, Auburn Hts, Mich. 48057 4005 Richard L. Dahl, 6149 E. Surrey Ave., Scottsdale, Ariz. 85254 4006 Robert R. Sullivan, N. 6412 Greenwood Blvd., Spokane, Wash. 99208 4007 Prof. Calin Turcu, Str. Progresului, Valenii de Munte, Prahova Romania 4008 Norm Seward, 1825 Colonial Ave., Waco, Texas 76707 4009 Ronald F. S. Harman, P. 0. Box 88, Cleveland, Ga. 30528 4010 Karl R. Zuehlke, 2020 Jenkee Dr., Florissant, Mo. 63031 4011 Erik Andersson, Azaleagatan 14, S-21362 Malmo, Sweden 4012 Mary Louise DeLeon, 222 Merry Ann, San Antonio, Texas 78223 4013 Blaine Moore, 402 West Church St., Marshalltown, Iowa 50158 4014 A. V. Barr, 4017 Lauriston St., Philadelphia, Pa. 19128 4015 David M. Larson, Box 121, Div. 34, FPO San Francisco 96630 4016 Raymond E. Lloyd, 6512 Anvers Blvd., Jacksonville, Fla. 32210 4017 Stephen Voges, 120 Orinold Dr., Apt C, Bright- waters, N.Y. 11718 C C Confederate, colonial and U. S. C U. S. & Canadian large-size notes and obsolete notes C Brazil, Haiti, Straits Settlements, Specimen notes, world in general C Israel, Palestine, Turkey, Egypt C, D C U. S. Notes (Legal Tender) 1862-1917 C, D Costa Rica C Type sets U. S., large and small C Series of 1928 C Continental, colonial, obsolete C U. S., Israel C C Current and obsolete of all countries C NPC's and Japanese C Series 1929 N.B. Notes of New York and New England states C Confederate currency C Baltic States, WW II Allied & Axis, French Colonies, world C, D U. S. large-size notes, colonial, South American C U. S. Legal Tender Notes C, D World C World C Tennessee National Currency, Series 1929 C U. S. large-size notes; German, except Notgeld C, D Obsolete bank notes, colonial C Queen Elizabeth II notes, U. S. small-size notes to $20 C Freaks & errors, small-size $2 notes and $1 S.C. C U. S. large and small-size notes C British and French Colonies; Military, Ja- pan C World C U. S. Types C, D C U. S., Missouri obsoletes, general foreign prior to 1940 C Modern bank notes of the world C C, D Early U. S. currency C C Japanese and Chinese C American currency C PAGE 82 Paper Money WHOLE NO. 50 4018 Sal J. Bonito, 260 President St., Brooklyn, N.Y. 11231 4019 Richard E. Reed, 280 N.E. 116th St., Miami, Fla. 33161 4020 Charles Stubbart, 7328 Pittsford-Palmyra Rd., Fairport, N.Y. 14550 C C Florida notes C 3199 Fred C. Hansen 2841 Edwin T. Kuether Resignations 1715 Constantino Meccarello 2817 Harriet Morello 3473 William R. O'Donnell 1927 Lewis A. Peterson, M.D. 3629 Gordon D. Rammer 1345 Dr. Millard S. Rosenblatt 372 L. P. Schweiger 3585 David M. Sliva 1274 Henry H. Thomas 1913 Philip A. Weber, Jr. 1850 Helen H. Williamson 173 Russell Wright Moved—Left No Forwarding Address 2333 Dr. Richard E. Riehl 2617 Herman Babo 3904 Edward G. Belcher 2945 Charles E. Blanford 3671 Ralph Brodo 599 Charles Christman 1695 N. H. Deutsch 2963 Harry M. Eisenhauer 1807 Henry Gogolin 2444 Glenn A. Jordan 1097 Dr. Jules Korman 3521 D. George Kyle 1478 Charles K. Lyle 1478 Warren T. Lybrook Reinstatement 3379 SSGT. Harold A. Wells, Jr., 748 AC & W Sq. Box 365, APO Seattle, Wash. 98709 Address 3810 W. Thomas Hayes, 1304 S. Main, Aberdeen, S. Dak. 57401 1997 Maj. Donald W. Schleicher, 8-K Riverview Vil- lage, Indian Head NOS, Maryland 20640 3314 Jack M. Vorhies, 130 E. Epler, Indianapolis, Ind. 46227 2511 J. T. "Tommy" Wills, Jr., P. 0. Box 1842, El Dorado, Ark. 71730 2879 Stanley Apfelbaum, First Coinvestors, 200 I. V. Willets Road, Albertson, N.Y. 11507 3724 Clyde S. Bensey, P. 0. Box 457, Harriman, Tenn. 37748 912 Alfred Bergman, 2951 Palm Aire Dr. So. #104, Pompano Beach, Fla. 33060 3552 R. Craig. Bittner, 763 Deal Ave., Apt 1, Somerset, Pa. 15501 610 Leonard E. Buckley, 28309 Honeysuckle Dr., Damascus, Md. 20750 2966 Bernie N. Caviness, P. 0. Box 4551, Warrington, Fla. 32507 3048 Alfred F. Chalk, Economics Dept., Texas A. & M. Univ., College Station, Texas 77843 3463 Carl Cochrane, P. 0. Box 793, Monticello, Ark. 71655 3836 Rainer R. Elze, 5785 N.E. 17th Terr., Fort Lauderdale, Fla. 33308 2100 Rev. G. F. Esser, 1515 Barthold St., Fort Wayne, Ind. 46808 3896 Gerald G. Finnell, P. 0. Box 6063-C, Orlando, Fla. 32803 3636 Samuel A. Card, P. 0. Box AG, Cape Coral, Fla. 33904 3842 Gilbert C. Goldman, 12 Flint Dr., Spring Valley, N.Y. 10977 2030 Raymon F. Hatfield, Pine Knoll Acres, 3268 South U.S. #42, Lebanon, Ohio 45036 3516 Sam G. Havelos, 305 Cork Dr., NE, Blacksburg, Va. 24060 38 Floyd 0. Janney, P. 0. Box 143, Waukesha, Wis. 53186 447 Herbert F. Jenne, Box 4610, Fort Lauderdale, Fla. 33304 Changes 393 David W. Karp, P.O. Box 38-241, Key Largo, Fla. 33037 3369 Charles E. Kirtley, P. 0. Box 192, Cullowhee, N.C. 28723 490 Ronald Kowaleski, 123-63 Street, Niagara Falls, N.Y. 14304 1528 James E. Lund, Rte 3, S. Lake Cowdry, Alex- andria, Minn. 56308 3024 Dr. Robert Montgomery, 1801 Sixth St., Drawer 36, Clay Center, Kansas 67432 3606 Ronald T. Ohama, c/o Philco-Ford Corp., OL - 5 (AFSC), APO New York. 09023 2085 Gary K. Olsen, 116 E. Spruce St., Titusville, Pa. 16354 3591 Thomas H. Adams, P. 0. Box 5568, Walnut Creek, CA 94596 3512 Al Almanzar, Bank of San Antonio Bldg., One Romana Plaza—Suite 208, San Antonio, Texas 78205 472 Tracy Atkinson, 4417 N. Frederick Ave., Shore- wood, Wis. 53211 693 Dr. Joseph H. Danoff, 205 Third Ave., New York, N.Y. 10003 2113 Elmer G. Harris, 10941 Quarry Rd., Oberlin, Ohio 44074 3157 Gene Hessler, c/o Chase Manhattan Bank, 30 Rockefeller Plaza, New York, N.Y. 10020 2936 David Keable, 69 Elmfield Way, Sanderstead, Surrey, United Kingdom 3872 Charles B. Sedman, 311 So. La Salle St. #6 B, Durham, N.C. 27705 3862 Samuel W. Shelton, 16 Arkansas, Great Lakes, Ill. 60088 2147 Chas. L. Van Diviere, Jr., Box 430, Brunswick, Ga. 31520 966 Joseph A. Persichetti, Box 358, Great Neck, N.Y. 11022 3282 Jose P. Reis, P. 0. Box 639 Sta "N", Montreal 129 Que., Canada H2X 3M6 306 John N. Rowe III, 6300 N. Central Exp. #251, Dallas, Texas 75206 Paper Money PAGE 83WHOLE NO. 50 3347 Dan J. Shroka, 7609 Lucerne Ave. #A-26, Middleburg Hgts., Ohio 44130 3774 H. Q. Sibley, 85 Brookwood Rd., Trenton, N.J. 08619 2908 CMSGT Marvin E. Stanton, 1757 B Iowa Street, GF AFB, N. Dak. 58201 3360 Stanley Treadway, Route #6, Box 270, Johnson City, Tenn. 37601 1435 Roger A. Wentz, 1215 N. Fort Meyer Dr. #808, Arlington, Va. 22209 Change in Zip Code Numbers 224 Vernon L. Brown, 7178 East Tropical Way, 3731 Richard L. Musgrave, 131 E. Church St., Beth- Plantation, Fla. 33317 lehem, Pa. 18018 Change in Name, or Title, or Membership Number 3915 3703 John P. Dougherty Rodney L. Kelley 1373 LTC Peter A. Graubard MONEY MART FOR USE BY MEMBERS OF THE SOCIETY ONLY PAPER MONEY will accept classifield advertising from members on a basis of 5c per word, with a mini- mum charge of $1.00. The primary purpose of the ads is to assist members in exchanging, buying, sell- ing, or locating specialized material and disposing of duplicates. Copy must be non-commercial in na- ture. At present there are no special classifications but the first three words will be printed in capital letters. Copy must be legibly printed or typed, accompanied by prepayment made payable to the So- ciety of Paper Money Collectors, and reach the Editor, Barbara R. Mueller, 225 S. Fischer Ave., Jeffer- son, Wis. 53549 by the 10th of the month preceding the month of issue (i.e., Apr. 10, 1974 for May, 1974 issue). Word count: Name and address will count for five words. All other words and abbrevia- tions, figure combinations and initials counted as separate words. No check copies. 10% discount for four or more insertions of the same copy. Sample ad and word count: WANTED: CONFEDERATE FACSIMILES by Upham for cash or trade for FRN block letters, $1 SC, U. S. obsolete. John Q. Member, 000 Last St., New York, N. Y. 10015. (22 words; $1; SC; U. S.; FRN counted as one word each) (Because of ever-increasing costs, no receipts for MONEY MART ads will be sent unless specifically requested.) WANTED: BROKEN BANK notes and sheets of the New England states. Building a research and exhibit collection. Especially want notes with historical or inter- esting and unusual vignettes. Will also pay generously for notes of rarity, high denomination or high quality. Will travel for large offerings. Write with description and price wanted or send notes for my offer. Duplicate notes for sale or trade, will send on approval. John Ferreri, P.O. Box 33, Storrs, CT 06268 WANTED: MILITARY PAYMENT certificates and cur- rency W. W. II. Send list with prices or ship for highest prices. Clark Hutchason, P. 0. Box 1773, Burlingame, CA 94010 CALIFORNIA AND OTHER Western States Nationals plus certain other large-size currency wanted for collec- tion. Have trades available. Richard A. Sara, Box 296, LaFayette, CA 94549 (51) ILLINOIS AND CHICAGO obsolete notes wanted. Pri- vate collector interested in Chicago historical items, scrip, maps and books. James J. Conway, M.D., 2300 Children's Plaza, Chicago, IL 60614 (51) MISSISSIPPI OBSOLETE NOTES and scrip wanted for my collection. Also need Alabama and Louisiana notes. Byron W. Cook, P.O. Box 181, Jackson, MS 39205 (52) WANTED INDIANA OBSOLETE before 1861, especial- ly Indian Reserve Bank, Kokomo, Ind. Louis H. Haynes, 1101 E. Fischer, Kokomo, IN 46901 (55) UPGRADE YOUR MPC collection. Trade your duplicate notes, gold coins, commemoratives for hi-value MPC notes. Pricelist SASE. Make offers. Mervyn H. Reynolds, P. 0. Box 3507, Hampton, VA 23663 (57) MISSOURI CURRENCY WANTED: Nationals, obsolete and bank checks from St. Louis, Maplewood, Clayton, Manchester, Luxemburg, Carondolet and St. Charles. Ronald Horstman, Route 2, Gerald, Mo. 63037 (54) TRADING ONLY. NEED recent issues FRN $1 1963 BC-CB-DB. 1963A B-B, also $5 red seal 1928D. Trading 120 blocks and stars from 1963. Phil MacKay, Box 235, Osceola, MO 64776 Do you have all your block-letters or ending numbers on your sets? Send 25c for 10-page sample price list, $1 for complete list for 1974 listing Silver Certificates, legals, FRN Dillons through Shultz by blocks, Copes, radars, end-sets, low and fancy serials, errors. Send want list. James Seville, Drawer 866, Statesville, NC 28677 (53) WANTED FRN $1 series 1969D, District 2, B543 and District 8, 11543, star or any block letter. F. Edward Burke, 7862 Seward Ave., Mount Healthy, OH 45231 (53) STAR NOTES WANTED: $1 Silver Certificates before 1935. $5 and $10 Silver Certificates all series. $1, $2 and $5 United States Notes all series. $5 Federal Reserve Notes before 1963. 1929 Federal Reserve Bank Notes wanted in all denominations. Please state price and condi- tion in your first letter. Frank Bennett, 12233 Woodland N.E., Albuquerque, NM 57112 (52) WANTED: SMALL CURRENCY types in CU $20: FRN 1934D. $50: National Type II; FRN 1928, 1934 to 1934D. $100: National Types I and II; FRB 1929; FRN 1928, 1934 to 1934D, 1950 to 1950E, 1963A. Paul H. Johansen, 2 El Vedado Lane, 24 Santa Barbara, CA 93105 Adair Afton Belmond Blockton Brighton Brooklyn Clutier Coin College Springs Dike Please state condition Estherville Floyd Fort Madison Garden Grove Gilmore Goldfield Grafton Hamburg Harlan Harris Holstein Ida Grove I reton Jesup Lansing Lawler Lineville Linn Grove Lisbon Macksburg Marshalltown Nashua Northboro Olin Orange City Sanborn Sutherland Wesley and price or send insured for my fair offer to PACE 84 Paper Money WHOLE NO. 50 NEED THE FOLLOWING crisp uncirculated $1 to $5 Federal Reserve Notes or Silver Certificates: 76555555, 0 0 0 0 0 6 3 6, 00000058, 00000059, 49333333, 02111111, 4 9 1 1 1 1 1 1, 80800808, 66660000, 00811800, 00811008, 1 6 0 0 1 6 0 0, 06050605, 50605060, 65333356, 76555567, 2 1 1 3 3 1 1 2, 11112111, 99525555, 77799777, 11223344, 22334455, 33224455, 44556677, 55667788, 66778899. Do you need any District 6 starred notes; regular triple or quad endings? John C. Coleman, P. 0. Box 257, Vaiden, Miss. 39176 SPRINKLE PAYING $700.00 for one lot of 1000 stock certificates. From 1000 different companies. Frank Sprinkle, Box 864, Bluefield, WV 24701 ATTENTION PLEASE: PAGING Mr. Warren E. Drew. Please contact Frank F. Sprinkle, Box 864, Bluefield, WV 24701 PAPER MONEY VOLUME 4, Number 1 wanted. Also Volume 1-3 issues wanted. Art Curths, P. 0. Box 1091, Albuquerque, NM 87103 NEW MEXICO, COLORADO company store scrip wanted. Would like to hear from collectors having such scrip, or information, for current research project. Also wanted: 1907 Clearing House Certificates and related material. Art Curths, P. 0. Box 1091, Albuquerque, NM 87103 (53) WANTED: VIRGINIA OBSOLETE paper money issued by banks, counties, cities, and private scrip issues. Virginia proof bank notes especially wanted. Richard Jones, P. 0. Box 1981, Roanoke, VA 24009 (53) WANTED: NORTH CAROLINA currency, State issues; also, scrip and North Carolina-C.S.A. Deposit Receipts. David Saulmon, 4303 28th Place, #5, Mt. Rainier, MD 20822 WANTED: TEXAS COUNTY and Treasury warrants; Alabama private scrip, Criswell #M-80; Nazi and Corn- munist propaganda leaflets. William Manning, 4636 Wellesley #107, Fort Worth, TX 76107 OREGON OBSOLETE SCRIP wanted: all types-Depres- sion, advertising, Centennial, etc. Also, political satire notes all elections, any state. Price and describe. Michael Calaba, 228 Rock St., Silverton, OR 97381 (51) CONNECTICUT CURRENCY SHEETS wanted, especial- ly rare obsolete and colonial sheets, the 1777 pence sheet, and also fractional sheets. Your correspondence on any Connecticut item is sincerely welcomed. Robert J. Galiette, Brown University Graduate Center, Box 7023, Providence, RI 02912 WAN T E D: VERMONT OBSOLETE paper money Please describe fully and send price wanted and quantity available. Interested in singles, sheets or entire collec- tions. William L. Parkinson, Woodbine Road, Shelburne, VT 05482 (55) GEORGIA BROKEN BANK notes wanted by serious collector. Willing to pay fair price. Especially want early and rare pieces. Gary L. Doster, Rt. 2, Box 18A Watkinsville, GA 30677 (54) MILITARY CURRENCY WW2 wanted: Allied, Axis, Japanese Invasion/Occupation and U. S. Military Pay- ment Certificates. Edward Hoffman, P. 0. Box 8023-S, Camp Lejeune, NC 28542 (59) BANK OF JAPAN notes wanted, issued before WW2. Also want notes during and before the Meiji era. Will pay top dollar. Any condition wanted except rags. Please write and send me your list. David M. Larson, Box 121, Div. 34, FPO S.F., CA 96630 PAPER MONEY MAGAZINES for sale. Whole numbers 10 through 41 (1964-1972). Also Friedberg's PAPER MONEY 2nd, 3rd, 4th editions. Write L. Sakal, Rt. 1, Waverly, OH 45690 WANTED IOWA IOWA IOWA IOWA NATIONAL BANK NOTES From the following IOWA cities and towns: WILLIAM R. HIGGINS, JR. BOX 64, OKOBOJI, IOWA 51355 ANA Life #109 SPMC #2950 BOOKS PAPERMONEY CATALOGUE OF THE AMERICAS, by Albert Pick. This long-awaited reference work is here at last ! In English, with valuations in dollars ; hardbound, 335 pages ; 52 listings, including island countries. Retail price $25.00. 1 copy to anyone using this order blank 23.50 1 copy, if accompanying order for notes is over $25.00 .... 20.00 1 copy, if accompanying order for notes is over $100.00 15.00 CATALOGUE OF EUROPEAN PAPER MONEY, SINCE 1900, by Albert Pick. Already a well established and popular refer- ence--a "must" for all "worldwide" collectors. In English, with valuations in dollars ; hardbound, 320 pages ; 47 country listings. 1 copy, postpaid & insured within USA 12.00 CHINESE BANKNOTES, by Ward D. Smith & Dr. Brian Ma- travers. The most comprehensive work of its kind (full partic- ulars available upon request). Over 1100 issuers, 1800 illus- trations, 5000 notes described in detail. Full indexing in both English and Chinese making note identification quick and easy ; valuations. Hardbound, 230 pages. Limited edition—not dis- tributed thru normal numismatic trade channels. Made in Menlo Park ! .....__I would like complete details before deciding to order I know I can't live without a copy ; please send it 15.00 PAPER CURRENCIES OF ESTONIA, by M. Tiitus. Spine-bound, convertible to loose-leaf. This book is fully illustrated—both fronts and backs of notes are shown ; 28 well-printed pages ; valuations. Standard reference. Made in Menlo Park ! Limited quantities available from original printing. 1 copy, postpaid anywhere in the world 3.50 $1 extra for registration optional for all hardcover or- ders outside USA ; otherwise buyer assumes all risks 1.00 PM-50 M. Tiitus Sox 2 5 9 Menlo Park, Ca. 94025 USA WORLD PAPER CURRENCIES—Price List & Order Blank Name & complete mailing address For Office Use Received Remittance Amt. Filled Amt. Due Ref. or Credit Shipped To help me serve you better, please read carefully : 1—Please make all remittances payable to : M. Tiitus 2—All prices are given in USA funds 3—ABSOLUTE SATISFACTION GUARANTEED—five day return privilege 4—USA: Orders over $15.00 are sent by insured airmail 5—USA: Orders under $15.00 sent first class at buyer's risk 6—Canada : Registration (indemnity up to $200.00) $1.00 extra 7—Canada : Without registration, orders airmailed at buyer's risk 8—ELSEWHERE: Registration (indemnity $13.00) $1.00, plus $0.20 for each 1/2 -oz. for airmail ; buyer assumes risk over $13.00 9—All orders under $3.00 must include 30c for handling a—Asterisk (*) : Limited quantity in stock at time of printing b—Second choices appreciated—used only if needed c—Many items on previous lists again, or still, in stock d—ABBREVIATIONS B—Bank ; ENGR—Engraved ; me—m u 1 t i- color(ed) ; Sig—Signature, Signed ; wmk—watermark (ed) ; U-- Uncirculated. Please do use this handy order blank—it will be returned to you with your order, and may be reused with a different color pencil. ATTENTION PLEASE: All lists prior to PM-48 are now inoperative ! AUSTRIA: Empire 1 Guld 1800, uniface ; damaged corner G- 2.75* 2 Guld 1800 uniface 9.50* 5 Gulden 1800, uniface F- 9.50* 5 Gulden 1806, different from 1800, crude design on back G-F 8.00* 10 Gulden 1806, terrible condition T 3.00* AUSTRIA—Kdrnten (Carinthia, Austrian Province) 11 Nov 1918 10 Kr orange set of two PROOF uniface sides ; Pick-R2 U 10.00* CHILE—Banco Central de Chile (new type) 10 Escudos (Balmaceda, orange-brown/battle seen e) 145x70mm U .65 From PM-48: 1 P 1943 Sets of A, B, C, D now changed to VF-U 6.00* CUBA—El Banco Espanol de la Isla de Cuba 5 Centavos 1896 (arms, black/plant, green) ABNC G .25 10 Centavos 1897 (arms, black/ships, brown) ABNC U 3.50* 50 Centavos 1896 (arms, black/plant, r e d-o rang e) ABNC F-VF .75 1 Peso 1896 (arms, black/lady, blue) ABNC VF-U 3.75* 10 Pesos 1896 (oxcart, black & green/arms, green) ABNC, rubber stamped signatures, light center crease EF-AU 8.75* same, but better condition U 12.50* similar, but with signatures printed in black AU-U 8.50* same, but PLATA (=silver) ovpt on back in red EF 5.75. CZECHOSLOVAKIA—Republika Ceskoslovenska (Post-WW2) . ..... 5, 10, 20, 50, 100 & 1000 Korun, undated, printed in Lon- don in 1945, set of 6 notes. Also, 1, 5, 10, 20, 20, 50, 50, 50, 100, 500, 1000, 1000, & 5000, dated 1945-53, printed in Prague, set of 13 notes. Both sets, 19 notes 32.50. 1000 K 1945, from above set, my choice of wmk 5.00. 5000 K 1945, from above set, portrait of Smetana 7.50. *** These notes have not been perforated SPECIMEN (much cheaper) DENMARK—Danmarks Nationalbank 10 Kroner, current (Hans Christian Andersen/windmill U 2.75 50 Kr (Ole lifter, astronomical observatory/rock forma- tion) U 12.00'' A PARABLE The horde of questions about why I've put my lists in PM deserves a parable . . Once upon a time, or thereabouts, a citizen of a large eastern European country discovered that her cow was lost. Since said bovine was not only her sole material treasure, but also provided a substantial portion of nourishment for her family, she was on the verge of panic when a search, aided by neighbors, proved futile. As a last resort, she decided to try the local police station. The commissar was very sympathetic, and suggested she place a small notice in the "Lost & Found" column of "The Truth," since every citizen in the country and environs gets the paper. In fact, the friendly official offered to help with the paper- work. But, the woman's expression of joy, derived from new- found hope, slowly changed into a look of perplexity. Surprised, the officer impatiently asked what the matter was. "Couldn't you rather put the notice on The Voice of America?" she asked, "That way, everybody will hear about it !" FINLAND—Soumen Pankki 1 Markka 1963 (sheaves of wheat, red-brown & olive, arms) U .50 5 Markkaa 1963 (evergreen branch, blue & green/ arms) U 2.25 FORMOSA (Taiwan ; Nationalist China ; Republic of China) Y1 (1932) (pagoda, purple & black/sea) S&M-T70-30 VF .95 $1 (1946) (Dr. Sun Yat-sen, map, blue/naval battle) U .70 $10 (1946) (Dr. S, map, gray/naval battle) U .70 1 Cent 1954 (bldg, blue/map, blue) U .50 1 Yuan (=P) (1961) (Dr 5, cliff, green/parliament bldg) U .25 5 Yuan (1961) (Dr. S, lighthouse, brown/parliament bldg) U .50 10 Yuan (1961) (Dr. 5, bridge, red/parliament bldg) U .70 FRENCH OVERSEAS TERRITORIES (Departments of Guadeloupe, Guayna, and Martinique) 10 Francs (pretty chick, me/native, fruit, crane, me) F-EF 6.50* GERMANY, EAST (DDR) 20 Mark 1964 (Giithe, brown & me/bldg, arms) U 4.75* 50 Mark 1964 (Engels, green & me/harvester, arms) ....0 10.00* 50 Mark NEW! 1971 (Engels, red & me/refinery) smaller U 8.75* GREECE Collection of 25-26 inflation notes, 1940-1944, mostly uncirculated, but a few VF VF-U 6.50* GREECE 50 Drachmas 1964 (Arethusa, blue & me/shipbuilding) U 2.75 100 Drachmas 1967 (Democritus, atom, brown & mc/ bldg) U 4.75 HONDURAS—Banco Central de Honduras 1 Lempira 1968 (Lempira, red & 1 green/ruins) Td1R ...0 1.50 1 L, same except 1972, different signatures U 1.10 4 .* For 5 and 10 L, please see list PM-49. HUNGARY: Hungarian revolution era notes ; some signed by freedom fighter Lajoz Kossuth ; arms appear on fronts ; 5 different languages on backs. CAMBODIA—Banque Nationale du Cambodge 1 Riel (boats, green/building, green) 128x64mm 5 Riels (face in stone, red/mansion, red) 134x67mm 10 Riels (temple, brown & me/modern bldg) 140x69mm U CANADA—Bank of Canada (Ottawa, Issue of 1935) $2 (Queen Mary, black, blue/Mercury, etc) BABNC F-VF 1 Forint (1848) black on gray-brown, Sig LK F 5.00* 2 Forint (1848) black on pink, Sig LK F 7.00* .75 5 Ft, 1 Sep. 1848, brown on gray, Sig LK VF 7.50* 1.40 5 Ft, same, except orange-brown on gray VF 10.00* 2.25 10 Ft, 1 Sep. 1848, black on gray-violet, Sig LK VF 12.50. 15 Pengii Krajczarra, 1 Jan. 1849, rust-br, fractional F-VF 3.50. 15.00* (continued overleaf) (continued from previous page) 30 Pengii Krajczarra, 1 Jan. 1849, gray, fractional G-F 4.25* 2 Pengti Forintra, 1 July 1849, brown paper, Sig LK VF 7.00* 2 P F, similar except scarce white paper ; small lmm dia- meter "mousebite" out of top edge, stamp hinge, else Unc. EF 17.50* HYDERABAD 1 Rupee (Sten H256A, or H256B-1941, or 1942 respectively) ....sold 1 R (1942) 4 diff sig combinations for specialist VF 19.50. 1 R (1941) 3, and (1942) 4 signature combinations (7) VF 48.00. 10 R (1941) H256A (orange & me/me) stained, cheap at F 3.25 10 R, same, better condition VF-VF+ 7.50* INDIA: For use in the Persian Gulf area only (some mislist these issues under Muscat & Oman which happen to be among the many places these notes were used) 1 Rupee 1957, like the India 1 R, but red color U 1.90 5 R (1957), like the India 1 R, but orange color U 5.90 INDONESIA 5 Rupiah, 1 Jan. 1947 (Sukarno, green/green) F-D47C1 VF 3.75. 5 R, same, but uncirculated U 16.00* 10,000 Rupiah 1964 (fishermen, arms, green & me/boats) U 1.50 IRAQ-Central Bank of Iraq 1/4 Dinar, recent (ship at giant dock, green/trees) VT 2.75* D, NEW TYPE, vaguely similar, without borders . .EF 2.25. IRELAND-The Central Bank of Ireland 1 Pound 1968-71 (Irish lass, green & me/face, green) ....0 4.25 5 Pounds 1973 (Irish lass, brown & me/face) larger U 18.50. ITALY-Banca d'Italia 1000 Lire 1971 (Verdi, violet & me/operatic theatre) ....0 2.40 5000 L 1971 (Columbus, map, horse with fishtail, arms, green, blue & me/the three ships, you know which ; anchor) U 11.00* JAMAICA-Bank of Jamaica 50 Cents (Marcus Garvey, arms, red & me/monument, me) U 1.10 1 Dollar (Bustamante, violet & me/cove, ships, me) U 2.00 2 Dollars (Bogle, green & me/racial varieties exhibit) ...0 3.40 10 Dollars (Gordon, blue & me/bauxite excavation) EF-U 18.00. *** Bank Governor Brown is being promoted, and his signa- ture will disappear from these notes. So, while they last JAPAN-Nippon Gir ko 100 Yen (man with parted beard/diet bldg) U .60 500 Y, recent, obsolete (man, blue & me/mtn at rt) U 6.75* ........500 Y, new type, remotely similar (man/mtn at left) U 2.25 1000 Y (portrait at rt, olive green & me/bldg, me) .... U 4.25 KOREA 5 Chon red, 10 brown & 50 blue, scarce 1949 fractionals U 12.00* 1 Yen (Gold) (e1914) (bearded man, tan & bk/design) F-VF 3.75. 10 Yen (1949) (arch, black & pink/bldg) U 1.25 100 Won (e1946) (bearded man/brown, orange flower) EF 2.75* 100 Won (e1947) (bearded man/green, purple flower) EF-U .85 1000 Won 4285 (1952) (Rhee, gray-green/green) U .65 1000 Won 4286, same except date, higher plate numbers U .65 50 Won, recent (pagoda, green, brown & bk/flame, blue) 500 Won, new type (man, turtle boat, blue & me/shrine) U LAOS 1 Kip (tower, arms, green/ploughing with ox, green) U .25 1 Kip (figure, maroon & me/elephants, maroon & mc) U .10 5 Kip (Savannah Puma, green/elephant, rider) engraved U .45 10 Kip (native chick, blue & me/blue & me) engraved U .55 20 Kip (prince, brown & me/house) engraved U .70 50 Kip (prince, violet & me/monument, bldg) engraved U 1.00 100 Kip (Puma, red, green & me/house, girl with basket of flowers) engr, largest, most ornate note in group U 1.73 200 Kip (prince, blue & me/waterfall) engraved U 3.50. LATVIA (Pick numbers given) 2b 1 Rublis 1919 (1 & d green design/1 & d green) G-VF 4.25. 2b same, but uncirculated U 12.50* 4b 10 R 1919 (viking ship, brown & green/"L," etc, me) VF 10.00. 8 100 R 1919 ("L," brown & tan/tree) small corner miss VF 13.50. 18 25 Lati 1928 (Valdemars, ships/arms, blue) W&S engr VF 14.00* 20 50 Latu 1934 (Ulmanis, blue & me/arms) Td1R engr VF 6.75* 21 25 Lati 1938 (man with sword, green/barge) BW engr VF 6.50* 28 20 Latu 1936 (castle, brown & me/farming, me) AU-U 35.00* 29-32 10 L 1937-40 (fishermen hauling in nets, blue & me / sower, arms, indigo) wmk, engraved, date my choice ._VF 5.75 LATVIA-Riga city issue, promissory notes, 15 Aug 1919 ; Platbarzdis illustrations numbers given 131 1 R (1 & d brown/German & Russian text) 4mm No G-VF 8.50* 131 same, except serial number's height 5mm G-VF 7.75* 132 3 R (1 & d green/German & Russian text) G-F 9.00. LEBANON 1 Livre 1963 (castle in water, brown, etc/ruins) U 1.50* 1 Livre 1964 (ruins, brown & me/stream in cavern) Td1R U .75 ........25 Livres 1972 (ruins near ocean, brown/ruin on hill) .. U 17.00. MACAO-Banco Nacional Ultramarino 100 Patacas 1966 (Silveira, brown & me/arch, arms) Td1R U 29.50' MAURITIUS-The Government of Mauritius 5 Rupees (Geo V, arms, blue-green & me/design) W&S F-VF POR 5 Rupees, similar, except Geo V replaced by Geo VI F-VF POR NETHERLANDS 5 Gulden 1966 (Vondel, olive & me/mod art bldg, or some- thing) replaced by coin, scarce current note in unc U 3.25 NETHERLAND INDIES-De Javasche Bank 10 Gulden c1930 (portrait, green/4 languages, me)__F-VF 4.25 25 Gulden c1930 (portrait, brown/4 languages, me) ._F-VF 5.25 500 G 1926 (portrait, blue-purple/4 languages, me) ..VF 48.00 , NETHERLAND INDIES-Muntbiljet (WW2 Liberation issue) 1 Gulden/Roepiah 1943 (Queen, arms, black/green) ABNC U 1.75. 5 G/R 1943 (Queen Wilhelmina, arms, blue/pilot with plane, infantryman, battleship, green) ABNC VF 2.75 10 G/R 1943 (Q, Wilhelmina, arms, red/like 5 G/R) ABNC VF NEW CALEDONIA (Fr Overseas Territories inscribed NOUMEA) 100 Francs (girl, harbor scene, me/girl, scene, mc) U 2.00 500 F (man, boats, me/bearded man, seashells, etc. mc) U 9.50* 5000 F (Fr. explorer, map, olive & me/Fr. navy officer, mc) 85.00. NEW ZEALAND-The Reserve Bank of New Zealand 10 Shillings (Capt Cook, brown/Kiwi, native treaty) Td1R U 4.25* 1 Pound (Capt Cook, purple & me/sailships) Td1R U 6.75* NIGERIA-Federal Republic of Nigeria 1 Pound (mod bldg, carmine & me/native chopping) ......0 .75 PERU-El Banco de Tacna (unsigned, 18 ? ?) (Nat'l BNC, NY) /// 1 Sold (two girls, train on bridge, brown & bk/brown) U /// 5 Soles (Minerva, ranchers with llamas, green & bk/gr) U above two notes offered as "set" only U 19.00* PHILIPPINES-Stamps, Coins & Paper Currencies Lists I plan to Xerox specialized Philippines lists to limited number of serious specialists. I don't want curiosity seekers, and thus charge $1.00 to put your name on this mailing list (returnable within one year, or doubly refund- able in credit toward purchases). Want lists welcome!.... 1.00 PORTUGAL (see also List PM-49) (new price 50 E $3.50) 100 Escudos 1965 (Branco, blue & me/city view, me) ._.0 6.00. SPAIN-El Banco de Espana 100 Pesetas 1965 (Becquer, brown & me/lady & parasol) U 2.75 500 P 1954 Zuleaga, blue & me/bridge, blue & indigo) U 13.00. SRI LANKA (former name CEYLON) Arrived too late to list, but not to alphabetize. I invite your request for special offers or approvals. If no order accompanies this request, include 30c for Xeroxing, etc. . . (0.30) STAMPS-Want list/Approval Service Fellow Philatelists! Send me your wantlists! My unique service combines the best of two service fields. First, I will endeavor to locate what you need from over 100,000 varieties of stamps of the world. Second, you have 7 full days to examine the material before committing yourself. You have to be satisfied ! However, I do require a small favor from you : That you sign an approvals application for my protection. If you are a serious col- lector, please request this form. (Please do not confuse this straightforward philatelic wantlist service with any numismatic service I may offer elsewhere. Since numismatic items, generally, are not stocked in depth, but rather are obtained by opportunities, their wantlists are subject to certain restrictions and format requirements.) SWEDEN-Sveriges Riksbank 5 Kronor (Gustav Vasa, violet, green & mc/mc design) ....0 1.65 10 Kronor (Gustav VI Adolf, arms, green & me/me) U 3.25 *** Dates between 1966-1977 in stock in various conditions 50 Kronur (Gustav III, blue & me/biologist von Linne) U 15.50* 100 Kronur (Gustav II Adolf, brown & blue/design) U 29.50* SWITZERLAND: New prices for items on PM-48 10 Fr e1967 (G. Keller, violet & me/alpine rose) U 4.50 20 Fr e1970 (General H. deFour, purple/Silver Thistle) U 8.50 URUGUAY (Law 2 Jan 1939; 146x73mm ; new prices re PM-49) 10 Pesos (Artigas, violet & me/oxcart, gaucho) Td1R AU-U 1.00 same, but nine different signature combinations (9) VF-U 12.00* URUGUAY-Banco Central del Uruguay (current ; 154x69mm ; Td1R) 50 Pesos (Artigas, arms, blue & me/military meeting) U 1.00 100 P (Artigas, arms, red & me/political meeting) U 1.75 SPECIAL: Both of the above notes (no trades) U 2.00 USA-Confederate States of America (Criswell numbers) 50 Cents, 6 April 1863 (Pres. Jefferson Davis/-) 4851 VF-EF 2.90. $5, 17 Feb. 1864 (C. G. Memminger, Capitol/blue) 561-E VF 4.00* $100, 23 Aug. 1862 (steam locomotive & train, ship, milk- maid carrying bucket on head/-) 289-Ae AU-U 8.75. $100, same except 3 Oct. 1862, different sig ; 289-Af AU-U 10.00* $100, 28 Aug. 1862 (Negroes hoeing cotton, J. C. Calhoun, Columbia, bk & orange) 316-X VF-EF 5.00* $100, same except 24 Nov. 1862 317-Z U 8.50. $100, same except 1 Dec. 1862 .... 317-X VF 4.50* USA-The State of Georgia (Issued in Milledgville, 15 Jan. 1862, redeemable .. . when the Banks of Savannah & Augusta resume . . .) $10 (woman with stalk of corn, sailship/-) oval stamp U 4.50* $20 similar design, "X" replaced by "20," etc. U 14.50* WORLD PAPER CURRENCIES-Limited Approval Service At this time I am not prepared to solicit wantlists because I offer scarcer items on these PM lists and via special offers anyway. However, from time to time I have notes which I classify as "left- overs" or "unsufficient quantities for listing purposes." I propose to send these along, with cash orders from these lists, on approval ; such items would be related to your order, or you may list addi- tional issues/countries. Please do not submit wantlists for specific items. Oh yes, you'll still have to sign an approvals application form. If interested, please check below. Yes, certainly, I'd be delighted in receiving related items on approval. END OF LIST PM-50-THANK YOU! SUDETENLAND-Die Deutsche Reichebank, 28 April 1945 20 Reichsmark (maroon & olive/brown & olive) U 3.75* .75 SURINAM-Muntbiljet (prices of others in PM-48 now obsolete) 2.50 21/2 Gulden 1973 NEW ! (bird, etc me pastels/lizard, mc) U 3.75 3.75 M. TIITUS, Box 259, Menlo Park, California 94025 USA U. S. CURRENCY LARGE NATIONAL BANK NOTES FIVES Fr. No. Charter No. 598 American-Traders NB Birmingham, Ala. XF-AU 7020 $55.00 598 Atlantic NB Jacksonville, Fla. VF 6888 75.00 574 City NB LaFayette, Ind. Cr. AU (Denom. back) ....M5940 149.50 607 NB of Kentucky Louisville, Ky. F-VF 5312 24.00 592 Merchants-Mechanics NB Balt., Md. AF (Dates) .._E1413 37.00 Napier and Thompson (Rare signatures) 537 Union NB Lowell, Mass. AF (Dates) N6077 59.00 598 Phenix NB Providence, Rhode Island Cr. AU 948 69.00 TENS 627 Bk. of Cal. Nat. Assoc. San Francisco AF 9655 22.00 624 The Birmingham NB Derby, Connecticut VG-F 1098 39.50 624 Commercial NB Washington, D.C. VF-XF Crisp 7446 39.50 577 LaSalle NB LaSalle, Ill. Cr. Unc. (2nd Ch.) M2503 235.00 629 Rogers Park NB Rogers Park, Ill. F 10305 55.00 Napier and Thompson (Rare signatures) 632 Citizens NB Boston, Mass. VF-F 11339 22.50 624 Old Lowell NB Lowell, Mass. Fine 1329 19.50 613 First NB Westfield, Mass. VF-XF N190 26.50 624 Citizens NB of King City, Mo. VF-XF 6383 43.50 416 NB of Newburgh New York XF (1st Ch.) 468 125.00 616 Mechanics & Metals NB City of New York F E1250 22.50 484 Quaker City NB Phila., Pa. VF-XF (2nd Ch.) 4050 65.00 62S Old NB of Spokane, Washington Cr. AU P4668 55.00 TWENTYS 640 Nat. Metropolitan Bk. Wash., D.C. VG (Dates) .. E1069 26.50 641 Continental NB Indianapolis, Ind. F (Dates) M9537 33.00 647 Tootle-Lemon NB St. Jo., Mo. A-VF (Red) Repair M6272 37.50 648 Am. Exchange NB N.Y. City, N.Y. F-VF (Red) ....E1394 55.00 641 Fifth-Third NB of Cincinnati, Ohio G (Dirty) M20 27.50 647 Bituminous NB Winburne, Pa. Cr. AU (Red) E7334 195.00 Ser. #1 Beautiful sigs choice #1 note, Corner fold. 658 NB of LaCrosse, Wisconsin Fine 5047 26.50 1929 SERIES NATIONAL BANK NOTES FIVES Anglo Cal. NB San Francisco, Cal. VG-F 9174 $13.50 First NB in Wichita, Kansas Cr. Unc. Ty II 2782 19.95 Worcester County NB Worcester, Mass. Cr. XF 7595 15.00 The Minnesota NB of Duluth, Minn. F-VF 11810 15.00 The Delta NB Yazco City, Miss. VG $21.50; F $26.50 ._.12587 F-VF $34 ; XF $42.50 ; A-Unc. Cr. $50 ; Union Planters NB Memphis, Tenn. XF $17.50; AU $24.00 TENS Peoples American NB Princeton, Ind. VG 10551 15.00 The Second NB Lexington, Ky. VG 2901 16.50 Framingham NB Framingham, Mass. Choice Unc. Ty II 528 29.95 The First NB Little Falls, Minn. AF 4034 22.50 First NB & Tr. Co. Minneapolis, Minn. VG 710 11.50 NB of Commerce Columbus, Miss. Ty II F $37.50 ; Une 80.00 The Second NB Cincinnati, Ohio Fine 32 23.00 The Ohio NB Columbus, Ohio F-VF 5065 17.50 First NB & Tr. Co. Oklahoma City, Okla. VG 4862 16.95 First Seattle Dexter Horton NB Seattle, Wash. AU 11280 32.50 The Union NB Eau Claire, Wisc. F-VF 8281 15.50 Marine Nat'l Exchange Bk. Milwaukee, Wisc. VF-XF 5458 15.50 TWENTYS Bank of America San Francisco, Calif. AF 13044 $22.50 The NB of the Republic of Chicago, Ill. Cr. XF 4605 29.95 Ayers NB Jacksonville, Ill. Cr. VF 5763 27.95 The Nat'l City Bank Evansville, Ind. VF 12132 24.95 Lincoln NB & Tr. Co. Fort Wayne, Ind. Cr. VF-XF 7725 26.95 The First NB South Bend, Ind. VF-XF 126 26.95 The First NB Girard, Kansas AF (B000068A) Scarce 3216 44.00 First NB in Mankato, Kansas VG (A000037A) 6817 47.00 The NB of Kentucky Louisville, Ky. VG 5312 24.95 Whitney NB New Orleans, La. F-VG 3069 26.50 Nat'l Bk. Commerce New Orleans, La. Unc. Ty II 13689 45.00 Fidelity NB & Tr. Co. Kansas City, Mo. VF 11344 26.00 The Thornton NB Nevada, Mo. AF 9382 31.95 NB of Commerce of Lincoln, Neb. AF 7239 23.95 The First NB Bucyrus, Ohio VG-F Ty II 443 26.50 Central United NB Cleveland, Ohio Cr. XF 4318 26.50 Farmers Deposit NB Pittsburgh, Pa. Crisp AU 685 27.50 The Union NB of Pittsburgh, Pa. VF-XF 705 23.00 Farmers NB & Tr. Co. Reading, Pa. F-VF 696 26.50 The Hamilton NB Chattanooga, Tenn. Fine 7848 26.00 The East Tennessee NB Knoxville, Tenn. Cr. AU 2049 32.95 First NB in Dallas, Texas Cr. XF Ty. II 3623 26.50 First NB in Houston, Texas VF-XF Ty. II 13673 26.50 The Seaboard Citizens NB of Norfolk, Va. VG 10194 23.50 The University NB Seattle, Wash. VG-F 12153 26.50 The Batavian NB La Crosse, Wisc. AF 7347 26.50 Marine Nat'l Exchange Bk. Milwaukee, Wisc. VF 5458 26.50 THE FOLLOWING ARE PICTURED IN "NATIONAL BANK NOTE ISSUES OF 1929-1935" (AND SUPPLEMENT) $5 Abilene NB Abilene, Kansas G-VG 3777 12.50 $5 First & Second NB & Tr. Co. Oswego, N.Y. F 255 13.50 $10 Seaboard NB Los Angeles, Calif. Fine Ty II 12545 17.50 $10 National Builders Bank of Chicago F-VF 13146 17.50 $10 Nat. Bk. of the Republic of Chicago F-VF 4605 19.50 $10 NB of America at Salina, Kan. F-VF Ty II 4945 19.50 $10 The Lake Shore NB Dunkirk, N.Y. Cr. XF 2916 25.00 $10 Fulton County NB Gloversville, NY VF 3312 17.50 $10 The Victoria NB Victoria, Texas VG-F 10360 24.00 $20 Pacific NB of San Francisco, Cal. VF-XF 12579 25.00 $20 The Toy NB Sioux City, Iowa Fine (B000076A) F 10139 28.00 $20 Conqueror NB Joplin, Mo. XF-AU 13162 34.00 $20 Prospect Park NB Prospect Park, N.J. F 12861 26.50 THE FOLLOWING ARE LARGE SIZE TYPE NOTES LISTED BY FRIEDBERG : Fr. No. 19 $1 1874 F-VF $42.50 40 $1 1923 Unc. Nice (Catalog $75) 45.00 42 $2 1869 VG 32.50 86 $5 1907 Crisp New-Faint Crease Rev. Rare 295.00 126 $20 1863 Crisp, Clean XF-AU 250.00 147 $20 1880 About Fine 39.50 217 $1 1886 Crisp Unc. (Catalog $140) 99.00 224 $1 1896 VG (Educational) 22.50 225 $1 1896 VG (Educational) 22.50 299 $10 1891 XF-Nice 85.00 317 $20 1891 XF 145.00 710 $1 Boston Crisp AU $23 712 $1 New York Crisp, New, Light fold $20.00 718 $1 Cleveland Cr. AU Very light fold (Ser. D152A $22.50) 718 $1 Cleveland About New with light fold $22.00 719 $1 Cleveland Nice AU $22.00 720 $1 Cleveland Cr. AU $22.00 740 $1 Dallas AU Nice (Fold) $29.00 742 $1 Dallas Like New. No folds or wrinkles $34.00 1929 FEDERAL RESERVE BANK NOTES-I have an almost complete set of this issue. 40 of the 49 collectable notes, 18 pieces unc., 6 crisp AU, the balance in various grades, mostly F to XF. WRITE. 752 $2 New York Bright AU $42.00 832 $5 1914 Red Seal VF-XF $55.00 893 $10 1914 Red Seal F-VF 45.00 954 $20 1914 Red Seal F 40.00 1099 $100 1914 Blue Seal VF 135.00 1171 $10 1907 Gold Cert. Cr. Une. 55.00 1173 $10 1922 Gold Cert. Crisp AU (Light fold) 39.00 1179 $20 1882 Gold Cert. (Scarce Cat. New $1250) VG 75.00 1180 $20 1882 Gold Cert. (Scarce Cat. New $1150) Fine 125.00 1208 $100 1882 Gold Cert. (Catalog New $800) Fine 150.00 SILVER CERTIFICATES-Crisp Unc. Series 1957, 1957-A and 1957-B. All known blocks-Total of 59 pieces $125.00 1928-A $1 Star Note *21188133A Unc. 27.50 1935-B $1 Star Note 506752540B Unc. 19.50 1934-A $10 Star Note North Africa *01233275A Fine 29.50 1928 $10 Star Note Gold Certificate *00651827A Fine 45.00 1934-D $10 Star Note Atlanta F02177095* Fine 19.50 UNCIRCULATED $1 FEDERAL RESERVE NOTES: 1963 F0000 * & J0000--5 Matched Pair $ 6.50 1963 Reg. Set (12 notes all Unc.) 19.95 1963 Set (12) All Plate #1. (Unusual set) 50.00 1963 Set (12) All Serials end 87 32.50 1963 Set (12) All Serials end 7 29.50 1963 Star Set (12) All Serials begin 00 27.50 1963 Star Set (12) All Serials begin 000 60.00 1963A Reg. Set (12) All Uncirculated Gems 18.95 1963A Star Set (12) Begin 00 & end 0 32.00 1963B Barr Set (13) 9 Reg. & 4 Stars 17.50 1963B Barr Set (13) All Serials end 92 (or 93) 22.50 1969 Set (12) All notes Plate #1 25.00 ANA 45409 SPMC 823 MNA 14 JOHNNY 0. Post Office Box 714, Hazlehurst, Mississippi 39083 ADD 50 CENTS POSTAGE AND INSURANCE ON ALL ORDERS Ph. 894-4025 Area Code 601 NATIONAL BANK NOTES LARGE NATIONALS Alabama SYLACAUGA, Ch # 7484, $20, 3rd, Blue VF $165 EUFALA, 5024, $20, 3rd, Blue F-VF 295 EUFALA, 3622, $20, 3rd, Blue VF 275 HEADLAND, 7424, $5, 3rd, Blue VG 150 FLORALA, 8910, $10, 3rd, Blue G 120 Two-State Name Arkansas TEXARKANA, 4401, $5, 2nd, Br. Bk., XF 3000 Two-State Name-A Rarity BATESVILLE, 7556, $5, 3rd, Blue VG 70 California SAN FRANCISCO, 5105, $5, 2nd, Br. Bk. ....VF-XF 350 LOS ANGELES, 2491, $10, 3rd, Blue VF+ 50 Colorado FLEMING, 11571, $10, 3rd, Blue G 125 $15,000-1934 Colorado Territory CENTRAL CITY. 2129, $5, 1st, 1875 VF 3500 Black Serial # (1 of 7?) Connecticut HARTFORD, 670, $20, 2nd, Br. Bk. VF-XF 350 STAMFORD, 4, $10, 3rd, Blue U 175 NORWALK, 942, $5, 3rd, Blue G+ 25 Dist. of Col. WASHINGTON, 5046, $5, 2nd, Br. Bk. F 400 Florida JACKSONVILLE, 8321, $10, 3rd, Blue P 15 Georgia ATLANTA, 1605, $5, 1st, Orig. VF 1400 NEWNAN, 1861, $10, 1st, 1875 VG-F 2100 SAVANNAH, 1640, $10, 1st, 1875 F-VF 1700 Or take all three rare 1st Charter Georgia's for $4800 Idaho LEWISTON, 10212, $20, 3rd, Blue VG 295 Illinois CARROLLTON, 2390, $5, 1st, 1875 VF 275 MASON CITY, 1850, $20, 2nd, Br. Bk. F+ 250 CAMBRIDGE, 2572, $10, 2nd, Denom. VF 250 OAKLAND, 2212, $10, 2nd, Dates F+ 160 FARMER CITY, 2156, $5, 1st, 1875 U 650 A great note, $10,800 out in 1894 O'FALLON, 6924, $20, 3rd, Blue U 150 ARENZVILLE, 9183, $20, 3rd, Blue G 50 2 Englebach signatures ALTON, 1428, $2, 1st, Orig. F 300 ROSSVILLE, 5398, $10, 3rd, Blue VF 70 $25,000-1934 HOOPESTON, 2808, $5, 2nd, Br. Bk. G 175 SPRINGFIELD, 1733, $5, 2nd, Br. Bk. VF 350 Tough State Capital ROCHELLE, 1907, $5, 1st, 1875 VF 350 $20,000-1934 Indiana CONNERSVILLE, 6265, $20, 3rd, Blue VF 75 LaGRANGE, 4972, $20, 3rd, Blue F 90 Tear ORLEANS, 5558, $10, 3rd, Blue AU 295 $14,000 out in 19321 LAFAYETTE, 5889, $10, 2nd, Denom. F 250 AMO, 8154, $10, 3rd, Blue VG 95 $25, 000-1931 FRANKLIN, 3338, $10, 3rd, Blue VF 90 VINCENNES, 1873, $5, 1st, 1875 U 550 LEBANON, 2057, $1, 1st, Orig. AU 290 AUBURN, 6509, $10, 3rd, Blue G 80 THORNTOWN, 5842, $20, 2nd, Br. Bk. VF 300 • $30,000-1934 TERRE HAUTE, 7922, $50, 3rd, Dates VF 225 BLOOMINGTON, 1888, $5, 2nd, Br. Bk. XF 250 $30,000-1934 Iowa DUBUQUE, 2327, $5, 3rd, Blue VF 125 DUBUQUE, 317, $10, 3rd, Dates U 90 ACKLEY, 8762, $10, 3rd, Blue U 175 OELWEIN, 5778, $20, 2nd, Denom. XF 275 COLUMBUS JUNCTION, 2032, $10, 3rd, Blue VG 175 $12,500-1934 ! Kansas WAMEGO, 3434, $20, 3rd, Blue XF 200 $20,000-1934 ASLAND, 5386, $20, 2nd, Br. Bk. U 1200 Gorgeous #1 note on the Stockgrowers N.B. EMPORIA, 1915, $2, 1st, 1875 F 450 SALINA, 4945, $10, 3rd, Blue AU 150 Washed, fading in red parts but very tough to find ABILENE, 3777, $50, 3rd, Red AU 400 Washed, fading in red parts but very tough to find ST. JOHN, 7844, $5, 3rd, Blue VF 150 $25,000-1934 Kentucky MORGANFIELD, 2209, $5, 1st, 1875 VG-F 295 COVINGTON, 2722, $5, 2nd, Br. Bk. U 250 LOUISVILLE, 5312, $10, 2nd, Denom. F-VF 275 COVINGTON, 4260, $20, 2nd, Br. Bk. F 175 CYNTHIANA, 2560, $10, 1st, 1875 F 275 Louisiana NEW ORLEANS, 1626, $5, 2nd, Br. Bk. F 400 NEW ORLEANS, 1778, $5, 1st, Orig. F 900 1st Charters are very rare of Louisiana Maine WATERVILLE, 880, $5, 3rd, Blue XF 95 WALDOBORO, 1108, $1, 1st, 1875 VF-XF 395 Maryland WESTMINSTER, 1596, $20, 2nd, Br. Bk. VF 300 A vice-pres. note BALTIMORE, 1384, $20, 3rd, Blue U 200 Massachusetts BOSTON, 322, $50, 3rd, Dates U 200 FITCHBURG, 2153, $20, 2nd, Br. Bk. F-VF 200 ADAMS, 4562, $10, 2nd, Dates VF 175 LYNN, 3429, $5, 2nd Br. Bk. VG 175 $20,000-1915 MILTON, 684, $10, 3rd, Blue VG 85 HOLYOKE, 3128, $10, 3rd, Dates VF 70 BOSTON, 643, $5, 2nd, Br. Bk. XF 75 HOLYOKE, 1246, $5, 3rd, Dates F-VF 60 DORCHESTER, 156, $1, 1st, Orig. AU 375 LAWRENCE, 1962, $10, 1st, 1875 VG 150 WORCESTER, 7595, $5, 3rd, Blue AU 60 GREENFIELD, 474, $10, 3rd, Blue AU 50 BOSTON, 3923, $10, 3rd, Dates VF 40 BOSTON, 5155, $ ,100, 2nd, Dates VG 275 CLINTON, 440, $10, 3rd, Dates F 55 BOSTON, 2103, $2, 1st, Orig. U 900 A real honey, close trimmed ORANGE, 2255, $20, 3rd, Blue VF 65 BOSTON, 525 $1, 1st, 1875 VF 125 Michigan ISHPEMING, 5668, $10, 3rd, Blue VG 55 Minnesota PLAINVIEW, 6293, $5, 3rd, Blue F 125 $20,000-1934 MINNEAPOLIS, 2006, $5, 2nd, Br. Bk. VF 250 BEARDSLEY, 7438, $10, 3rd, Blue F 125 Asst. Cashier note $24,900-1927 Missouri ST. LOUIS, 5172, $5, 2nd, Br. Bk. U 225 ST. LOUIS, 4178, $10, 3rd, Blue VF 35 KANSAS CITY, 5138, $5, 3rd, Blue AU 95 ST. LOUIS, 5172, $5, 2nd, Br. Bk. AU 200 ST. JOSEPH, 4939, $5, 3rd, Dates VF 50 Nebraska BANCROFT, 8863, $10, 3rd, Blue G 60 $20,000-1934 CROFTON, 8186, $10, 3rd, Blue VG 95 $25,000-1934 NEBRASKA CITY, 1417, $10, 3rd, Blue U 95 O'NEILL, 5770, $20, 2nd, Br. Bk. F-VF 400 DAVID CITY, 3934, $20, 3rd, Blue VG-F 125 COLUMBUS, 8328, $10, 3rd, Blue VF 150 ALBION, 3960, $20, 3rd, Blue G 55 Ink spots New Hampshire PORTSMOUTH, 19, $1, 1st, Orig. G 75 2 pcs. taped New Jersey MADISON, 2551, $20, 2nd, Denom. F 175 OCEAN CITY, 6060, $10, 3rd, Blue VG 65 FRENCHTOWN, 1459, $5, 2nd, Br. Bk. XF 375 RED BANK, 445, $10, 2nd, Br. Bk. F 275 New York ELMIRA, 5137, $20, 2nd, Br. Bk. VF 275 $25,000-1928 NEW YORK, 4581, $5, 2nd, Br. Bk. U 150 NEW YORK, 1393, $1, 1st, Orig. P4. 150 TULLY, 5746, $5, 2nd, Denom. G 175 NEW YORK, 1461, $5, 2nd, Br. Bk. XF 125 SYRACUSE, 1287, $10, 3rd, Blue F 55 CAMBRIDGE, 1275, $10, 3rd, Red F 175 V. Pres. note SYRACUSE, 5465, $10, 2nd, Br. Bk. F+ 300 V. Pres. note KINGSTON, 1050, $5, 2nd, Br. Bk. VG 70 FRANKLIN, 282, $10, 3rd, Red U 175 FRANKLIN, 282, $5, 3rd, Blue VG 55 POUGHKEEPSIE, 1312, $10, 3rd, Blue VF 50 POUGHKEEPSIE, 1312, $5, 3rd, Blue XF 45 NEW YORK, 733, $10, 3rd, Red VG+ 60 NEW YORK, 1250, $10, 3rd, Red F 50 NEW YORK, 1461, $5, 3rd, Red VG 50 NEW YORK, 345, $5, 3rd, Red F 60 NEW YORK, 345, $5, 3rd, Red VF 85 NEW YORK, 733, $10, 2nd, Br. Bk. XF 175 NEW YORK, 1370, $10, 3rd, Blue VF 85 NEW YORK, 2370, $5, 1st, 1875 XF 395 V. Pres. note NEW YORK, 733, $5, 2nd, Br. Bk, VF 150 V. Pres. note WARREN HENDERSON, Box 1358, Venice, FL. 33595 PHONE 813.488.5941 NATIONAL BANK NOTES Rhode Island NEWPORT, 1492, $1, 1st, Orig. VF 400 Original with Charter Number PROVIDENCE, 1339, $20, 3rd, Blue F+ 70 PROVIDENCE, 1328, $5, 2nd, Br. Bk. XF 650 PROVIDENCE, 1302, $10, 3rd, Blue F 40 PROVIDENCE, 1030, $1, 1st, 1875 VF 275 2nd V. Pres. note PROVIDENCE, 1339, $5, 1st, Orig. F 350 Original with Charter Number South Carolina COLUMBIA, 8133, $5, 3rd, Blue VG 85 SPRINGFIELD, 10586, $10, 3rd, Blue F 275 MARION, 10085, $20, 3rd, Blue VF 276 South Dakota LEAD, 4631, $10, 3rd, Blue F 175 125 FAIRFAX, 12325, $10, 3rd, Blue F 275 95 Tennessee COPPERHILL, 9027, $20, 3rd, Blue VF 295 70 825,000-1934 495 MEMPHIS, 336, $10, 2nd, Br. Bk. F-VF 300 SHELBYVILLE, 10785, $10, 3rd, Blue VT' 145 95 CHATTANOOGA, 7848, $5, 3rd, Blue VF-XF 70 45 Texas ROXTON, 5710, $20, 2nd, Dates F 300 125 $20,000-1934 40 WAXAHACHIE, 3212, $20, 3rd, Red G 150 55 NAVASOTA, 4253, $20, 3rd, Dates F 90 45 SHINER, 5628, $5, 2nd, Br. Bk. U 250 BELTON, 7509, $20, 3rd, Blue VG 75 50 $25,000-1933 Utah SALT LAKE CITY, 2059, $10, 2nd, Br. Bk. F 400 BRIGHAM CITY, 6036, $10, 3rd, Blue VG 475 $20,000-1934 Vermont FAIRHAVEN, 344, $5, 1st, Orig. VF-XF 550 $30,797-1934 BURLINGTON, 1698, $5, 2nd, Br. Bk. VF 175 BURLINGTON, 1197, $5, 2nd, Br. Bk. F 300 SPRINGFIELD, 122, $1, 1st, Orig. AU 400 MANCHESTER CENTER, 3080, $10, 3rd, Blue F 90 350 75 Virginia NORFOLK, 6032, $10, 2nd, Denom. F 300 CHATHAM, 10821, $5, 3rd, Blue VG 125 50 $25,000-1929 HERNDON, 9635, $10, 3rd, Blue F 90 90 $25,000-1934 ABINGDON, 5150, $5, 2nd, Br. Bk. XF 400 150 MANASSAS, 6748, $10, 3rd, Blue VG 195 ALEXANDRIA, 651, $10, 3rd, Dates VF 70 45 ALEXANDRIA, 1716, $10, 2nd, Br. Bk. F 225 Washington EVERETT, 4738, $5, 2nd, Br. Bk. F-VF 700 65 Vice Pres. note 250 SEATTLE, 4375, $50, 2nd, Br. Bk. XF 900 85 A real rarity 175 West Virginia MARLINTON, 6538, $5, 3rd, Blue F 125 $25,000-1932 20 55 Wisconsin MILWAUKEE, 64 $10, 3rd, Blue F+ 35 SMALL NATIONALS North Carolina LENOIR, 8445, $20, 3rd, Dates F 425 $12,500-1929 North Dakota HETTINGER, 11677, $10, 3rd, Blue VG 375 $25,000-1924 Ohio IRONTON, 242, $1, 1st, 1875 VF 150 BUCYRUS, 3274, $5, 2nd, Br. Bk. U 150 SPRINGFIELD, 1146, $5, 3rd, Dates U 125 LaRUE, 6675, $5, 3rd, Blue VF 75 $30,000-1924 CLARKSVILLE, 7370, $10, 3rd, Blue U 125 $25,000-1930 PIKETON, 7039, $5, 3rd. Blue U $25,000-1930 WELLSTON, 3565, $5, 3rd, Blue U BUCYRUS, 3274, $5, 2nd, Br. Bk. F MANSFIELD, 436, $1, 1st, Orig. U V. Pres. note CRESTLINE, 5099, $5, 2nd, Br. Bk. VF DENNISON, 6843, $20, 3rd, Blue F QUAKER CITY, 1989, $10, 2nd, Br. Bk, F COLUMBUS, 7745, $5, 3rd, Blue VF-XF COLUMBUS, 7745M, $10, 3rd, Blue XF PANDORA, 11343, $10, 3rd, Blue F $30,000-'34 COLUMBUS, 7745, $10, 3rd, Blue F-VF DEFIANCE, 1906, $2, let, Orig. G-VG 225 Original with Charter Number $22,000-1891 Oregon ST. HELENS, 11200, $20, 3rd, Blue VG 250 $25,000-1932 Oklahoma BRAGGS, 10437, $10, 3rd, Blue VF 375 $25,000-1927 Pennsylvania BROOKVILLE, 2392, $5, 2nd, Br. Bk. THOMPSONTOWN, 10211, $10, 3rd, Blue VF $25,000-1934 MANSFIELD, 8810, $20, 3rd, Blue $25,000-1931 MILFORD, 5496, $20, 3rd, Blue VF $25,000-1934 GETTYSBURG, 611, $5, 2nd, Br. Bk. VG-F V. Pres. note WAYNESBURG, 6105, $5, 3rd, Red NEW BERLIN, 7897, $5, 3rd, Blue N AU 95 $19,600-'33 NEW WILMINGTON, 9554, $10, 3rd, Dates F+ GETTYSBURG, 611, $20, 3rd, Br. Bk. ROCHESTER, 7749, $20, 3rd, Blue VG $24,000-1933 BELLE VERNON, 4850, $10, 2nd, Br. Bk. VG V. Pres. note PITTSBURGH, 6301, $5, 3rd, Blue VG+ SCRANTON, 77, $10, 3rd, Blue VG Georgia ATLANTA, 1559, $20, 2 LOUISVILLE, 6207, $5, 2 CORDELE, 14257, $5, 2 WINDER, 10805, $20, 1 JEFFERSON, 9039, $20, 1 MONTICELLO, 9329, $5, 2 Illinois GRAND TOWER, 7712, $10, 1 $25,000 out in 1934 Indiana DANVILLE, 152, $20, 1 REMINGTON, 11355, $10, 1 $30,000-1934 Kansas BAXTER SPRINGS, 5952, $20, 1 MOLINE, 7318, $20, 1 $25,000-1934 Louisiana NEW ORLEANS, 13689, $20, 2 NEW ORLEANS, 3069, $20, 1 Massachusetts HAVERHILL, 589, $5, 1 HAVERHILL, 484, $5, 1 GLOUCESTER, 899, $5, 2 HAVERHILL, 401, $10, 1 BEVERLY, 969, $20, 2 QUINCY, 517, $10, 1 LYNN, 1201, $5, 1 Michigan NORWAY, 6863, $5, 1 Minnesota LITTLE FALLS, 4034, $10, 1 $10,000-1934 !! NORWAY, 6863, $5, 1 AU 60 F 95 XF 125 VF 95 F-VF 95 VF+ 75 F VG VF F F AU U U XF U VG XF XF VG G XF 45 F 60 35 30 35 22 40 40 15 New Jersey POINT PLEASANT, 13215, $20, 1 F 42 PHILLIPSBURG, 1239, $10, 1 F 25 PERTH AMBOY, 5215, $10, 2 VG 30 New York CORTLAND, 2272, $20, 1 VG 35 FALCONER, 5407, $10, 2 U 60 $20,000-1934 HOLCOMB, 10046, $10, 1 VF 50 60 SIDNEY, 13563, $10, 2 F 45 ALBANY, 1262, $5, 2 F 15 RHINEBECK, 1157, $20, 1 F 45 30 MONTICELLO, 1503, $10, 2 VG 30 50 GLOVERSVILLE, 9305, $5, 2 VG 25 ROSCOE, 8191, $10, 1 AU 45 North Carolina MEBANE, 11697, $5, 1 XF 225 $24,500-1933 40 Ohio WELLSTON, 3565, $5, 1 XF 35 SPRING VALLEY, 7896, $20, 1 AU 75 75 $10,000-1934 !! 65 BELLEVUE, 2302, $10, 1 F 40 $27,000-1934 Pennsylvania SCRANTON, 77, $20, 1 F 40 ARENDTSVILLE, 9139, $5, 1 U 35 $25,000-1934 Tennessee LOUDON, 12080, $5, 2 VG 60 TULLAHOMA, 4020, $10, 1 F 60 Texas ITASCA, 5749, $10, 1 F 45 30 NOCONA, 11959, $20, 2 XF 70 Washington WENATCHEE, 8064, $20, 1 VF 40 60 Wisconsin DODGEVILLE, 6698, $10, 1 VG 40 DODGEVILLE, 6698, $10, 1 F 45 WARREN HENDERSON, Box 1358, Venice, FL. 33595 PHONE 813.488.5941 WANTED Highest dealers' prices paid for required STRICTLY CRISP UNC. large size U.S. Paper money. Series 1861-1923; RARITIES considered in all grades. Especially need large NA- TIONALS. Please write with conditions and prices; (PLEASE DO NOT SEND NOTES UN- SOLICITED.) Also as required, we purchase literature in re large paper money. We also specialize in WESTERN AMERICANA, and will consider related material such as: Terri- torial Gold Coins, documents, letters, autographs, photos, checks, scrip, certificates, bonds, covers, broadsides, books, firearms (before 1898 only) etc., pertaining to such entities as Wells Fargo & Co., Pony Express, Indians, famous lawmen, infamous outlaws, Gold Rush memorabilia, and Western collateral in general. Pre-1898 Firearms limited to Colt and Remington revolvers; also Winchester rifles. Other artifacts, such as strongboxes, mail- bags, belts, badges, Silver/Gold bars, also wanted, ORIGINALS only. (No Wells Fargo belt buckles, or "bawdy" house tokens, please.) Write or call with descriptions, prices, etc. SPMC 948 PMCM 370 EPS 1141 M. PERLMUTTER P. 0. BOX 476, NEWTON CTR, MASS. 02159 (617) 332-6119 After 2 P.M. EDT, Please WCS 557 ANA 50340 CCRT 16 Dealers & researchers; members of leading syngraphistic numismatic exonumistic and phi latelic organizations. Appraisals made ; ( fees applicable) . Research inquiries invited. (SASE ONLY) . WELLS FARGO & CO. AND EARLY WESTERN EXPRESS, BANKING & STAGE COMPANIES (1) Wells Fargo & Co. Bill of Exchange "Second" Datelined, San Francisco (San Francisco is stamped in green) . Oct. 31, 1854 to Wells Fargo & Co., 82 Broadway N. Y. 9x4 and VF and SCARCE $45.00. ( 2) Wells Fargo & Co.'s Express. Receipt, Datelined, DRYTOWN April 28, 1867 for coin value $700.00 to D. 0. Mills & Co., Sacramento. Wells Fargo & Co. in ornate left panel. Black print on white 8 1/4x5 1/4. Town and bacon printers S.F. XF & Choice $35.00 (3) California Stage Co. receipt. Datelined SHASTA, August 1, 1867. $65.00 For services as Driver for month of July. California Stage Co. in ornate left panel. Black on blue. Rare $45.00. ( 4) Page, Bacon & Co. Bankers. "Check" Datelined Sacramento Dec. 8, 1854 Pay to No. 224 $5,000.00 Signed Wells Fargo & Co. by A. Frierson cashier. Corner of Front & J Streets in ornate upper left oval. A beautiful check and rare. "Britton & Rey". Dark Brown on light Brown paper. $30.00. ( 5 ) Adams & Co.'s Express and Banking Office. Certificate of Deposit. Datelined, PLACERVILLE Dec. 6, 1854. "Original" stamped in large red print across face. 8x4 Black on Blue paper. A very scarce Certificate $35.00 6) Freeman & Co.'s New York and California Package Express. Receipt Datelined Phila. April 18, 1856 from U.S. Mint one box to Supt. Branch Mint San Francisco. Old Sidew heeler in ornate left panel. 8x5 XF $30.00. (7) Freeman & Co.'s Express. Datelined Sacramento City, but overwritten Grass Valley Dec. 26, 1851. Receipt for $147.57 forwarded to Sacramento, freight and insurance charges in left panel, also lists of offices in extreme left ornate panel. Black on Blue paper 7 1/4x4. Document has been severed in center but neatly repaired. F, Rare $35.00. WANTED ALL EARLY ITEMS IN ABOVE CATEGORY. All items sent postpaid, five-day return privilege. All items guaranteed genuine. HERMAN LUND P.O. BOX 516, MAXWELL, CALIFORNIA 95955 Ph. (916) 438-2668 After 6 P.M. P.D.T. ANA 65443 SPMC 3086 Vleatt 64,teeeCook forthese faces. if you want to SELL if you want to AUCTION if you want to BUY if you want to APPRAISE (POP JUlect.Catt 2145 50th Street LUBBOCK,TEXAS 79412 (806) 747-3456 ANA-LM, SOPMC, INBNS,TNA • • WHEN YOU THINK C-A-N-A-D-A THINK CHARLTON INTMISMATICS Innovators In The Field of Canadian Numismatics • Appraisers • Consultants • Licensed Auctioneers MONTHLY FEATURE The next auction to be held by Charlton Numismatics is scheduled for June 1974 and, as usual, will be held at the Hyatt-Regency in Toronto. CHOICE MATERIALS SOLICITED We are especially interested in choice and unusual Canadian Paper Money, Hudson's Bay Material, historic numismatic items and choice decimal and tokens. Material submitted must be received by March 15, 1974 for listing. Our attractive catalogues are considered by numismatic authorities to be valuable library references. Phone or telex for further information. IF YOU ARE THINKING OF SELLING CONTACT CHARLTON FOR EITHER PUBLIC AUCTION OR PRIVATE SALE Members of Our Firm Have Travelled Thousands of Miles To Successfully Negotiate Countless Transactions RANK REFERENCES SUPPLIED ON REQUEST CHARLTON NUMISMATICS LTD. 299 Queen St. West — Toronto, M5V 1Z9, Canada TEL: 14161 362-5281 TELEX: 06-219750 . 7412 S.410, . WANTED: RARE LARGE-SIZE NOTES We require RARE large-size notes in any grade; type notes in CU only (no Federals, please) , in $1 through $100 denominations. We also need all grades large-size NATIONAL BANK NOTES (requirements subject to change without notice) , mainly FIRST CHARTER $1, $2 and $5; SECOND CHARTER brownback $5s, and THIRD CHARTER RED SEALS $5, $10 and $20. TOP DEALER PRICES PAID FOR REQUIRED MATERIAL. We also pay top dealer prices for required "AMERICANA" WESTERN, INDIAN & TERRITORIAL items of mid-1840s to mid- 1890s ONLY, such as: broadsides, Gold Rush, Pony Express and Wells, Fargo memorabilia; documents, letters, coins, bars, books, autographs, checks, bonds, certificates, drafts, covers, pre-1 898 firearms,* etc. (* No "Wells Fargo" buckles or "bawdy house" tokens, or reproductions of any kind, please.) WRITE or CALL (collect) first and describe what you have to offer. As dealers, we also have on hand a fine selection of notes and Western collateral for sale. Your inquiries are respectfully solicited. Reprints of the 1944-46 Grinnell Sales Catalogues, hard cover, 700 pg. a "must" for ANY library. Originally $25; only $12.50 Postpaid. Ni. PERLMUTTER P. 0. BOX 476, NEWTON CTR., MA. 02159 Phone : (617) 332-6119, After 2 P.M. EDT Specializing in U. S. LARGE paper currency, Series 1861-1923, and Western "Americana." Researchers, Dealers and Appraisers. Contributors to the leading publications and trends in the field of U. S. paper money. Members of SPMC (948), ANA, ANS, PMCM, CCRT and other leading syngraphistic, numismatic, exonumistic and philatelic organizations. MISSOURI NATIONALS WANTED • Will Buy Any Condition If I Need The Bank. Keenly interested in Uncut Sheets & other material pertaining to National Banks from 1863-1935. List information and prices in first letter and send for prompt action to: • FRED SWEENEY KANSAS CITY, MO' 64111 BOX 10144 FOR AN AWARD-WINNING COLLECTION WANTED FEDERAL RESERVE NOTES (LARGE SIZE) 5 Dollar Notes—Wanted in CU Condition Fr. #836 Fr. #851b Fr. #865 Fr. #887b 837 855b 871b 888 839 858 871c 889 841 859b 875b 890 842 861 880 891b 843 862 881 891c 844 863b 883b 845 864 885 10 Dollar Notes—Wanted in CU Condition Fr. #892 Fr. #908 Fr. #925 Fr. #942 894 909 926 944 895 911a 927b 945 896 911c 929 946 897 912 931b 947 899 914 932 949 900 916 933 950 901 917 934 951a 902 919b 935 951b 903 919c 936 951c 904 920 937 905 921 938 9076 923 941 20 Dollar Notes—Wanted in CU Condition Fr. #952 Fr. #969 Fr. #982 Fr. #1001 954 970 985 1002 955 971b 986 1003a 956 971c 987 1003b 957 972 988 1004 958 973 989 1005 959 975b 991c 10076 960 975c 992 1008 961 976 993 1009 962 977 994 1010 963 979b 996 1011a 964 980 997 1011b 965 981 1000 1011c 50 Dollar Notes—Wanted in CU Condition Neel all 50 Dollar notes except Fr. #1028 and 1047 100 Dollar Notes—Wanted in CU Condition Need all 100 Dollar notes except Fr. #1098, 1100, 1104 and 1110. 1000 Dollar Note—Need one in CU Condition. WRITE! SEND! QUOTE! POST OFFICE BOX 314 PAWTUCKET, RHODE ISLAND 02862 SELLING? Would you try to sell your stamp collec- tion to a coin dealer? Don't make the same mistake with your U. S. paper money. We are a full-time dealer spe- cializing exclusively in U. S. paper money. Need we say more? • BUYING? Our current ten-page comprehensive price list of large and small U. S. paper money is yours for the asking. • WARREN H. BURNSIDE SPMC 2975 P. 0. BOX 7 BRIDGEPORT, W. VA. 26330 THE VAULT P. O. BOX 2283 PRESCOTT, ARIZ. 86301 giNo J NATIONAL CURRENCY WANTED BROWNSVILLE CAMDEN CARDIFF CARTHAGE CENTERVILLE CLARKSVILLE GOAL CREEK COOKEVILLE COPPER HILL COVINGTON CROSSVILLE DAYTON DECHARD DICKSON DOYLE DUCKTOWN ERWIN ETOWAH FAYETTEVILLE FRANKLIN GAINESBORO GALLATIN GREENEVILLE HARRIMAN HOHENWALD HUNTLAND HUNTSVILLE JEFFERSON CITY JELLICO JONESBORO KENTON KINGSTON KINGSPORT LaFOLLETTE LAWRENCEBURG LEBANON LENOIR CITY LEWISBURG LEXINGTON LINDEN LOUDON LYNNVILLE MANCHESTER MARTIN MARYVILLE McMINNVILLE MURFREESBORO NEWPORT ONEIDA PARIS PETERSBURG PIKEVILLE PULASKI RIPLEY ROCK WOOD RCGERSVILLE RUSSELLVILLE SAVANNAH SELMER SHELBYVILLE SMITHVILLE SMYRNA SPARTA SPRING CITY SPRINGFIELD SWEETWATER TAZEWELL TRACY CITY TRENTON 1ULLAHOMA WARTRACE WAVERLY WINCHESTER WOODBURY Please Grade and Price JASPER D. PAYNE BOX 75, ROUTE 2, POWELL, TENN. 37849 "SELLING" • Broken Bank Notes • County and Private Scrip • Odd and High Denominations • Historical Signatures Joseph Smith Sam Houston • Depression Currency • Unlisted Notes • Confederate Notes • U. S. Fractional and Specimen Notes • Encased Postage Please send your 8c SASE and indicate your specific area of interest. Receive my quarterly list relative to your particular interest. "WANTED" • Your duplicate Broken Bank and Confederate Notes (need quantity). Will purchase out- right or accept in trade for my notes. (1) Ship your notes for offer, or (2) Send your list with asking prices. DON EMBURY P. 0. BOX 66058, LOS ANGELES, CA 90066 "FOR SALE" PAPER MONEY AND OBSOLETE CURRENCY LARGE AND SMALL USA CURRENCY LARGE AND SMALL NATIONAL CURRENCY "RADAR" SERIAL NUMBER NOTES "UNUSUAL" SERIAL NUMBER NOTES FRACTIONAL CURRENCY COLONIAL AND CONTINENTAL CURRENCY CONFEDERATE AND CIVIL WAR ERA PAPER ITEMS EARLY U.S. CANCELLED CHECKS BROKEN BANK NOTES Above price lists available for a large-size, self-addressed and stamped envelop e. Please, state your interest so I may send the lists of your choice. Prompt attention to every request. Satisfaction guaranteed. Robert A. Condo P. 0. Box 304, Drayton Plains, Michigan 48020 ANA-LM 813, SPMC 2153 SELL HARRY YOUR MISTAKES! Harry wants to buy currency er- rors . . . large and small-size notes . . . also interested in buying Na- tionals. Harry is selling error notes. Please write for list or specify notes .. . a large selection of error notes available. HARRY E. JONES P. 0. BOX 42043 CLEVELAND, OHIO 44142 KENTUCKY OBSOLETE NOTES * a 1.00 Farming & Comm. Bank, Carlisle 1819 V.F. $10.00 5.00 Farming & Comm. Bank, Carlisle 1819 X.F. 12.00 1.00 Newport Lyceum - 1837 - Fine 6.00 2.00 Peoples' Bank, Louisville - 1862 - X.F. 17.00 2.00 Kentucky Trust Co. Bank, Covington - 1852 F. 12.50 5.00 Farmer Bank of Ky. 1856 - V.F. - 12.00 1.00 Frankfort Bank - u/s - Unc. - 5.00 3.00 Frankfort Bank - u/s - Unc. - 7.50 5.00 Frankfort Bank - u/s - Unc. - 5.50 10.00 Frankfort Bank - u/s - Unc. - 5.50 5.00 Bank of Georgetown - 1818 - X.F. - 13.00 10.00 Bank of Georgetown - 1818 - X.F. - 15.00 1.00 Northern Bank of Ky. 1854 - V.F. - 12.00 2.00 Bank of Ky. Newport - 1854 - V.G. - 12.00 5.00 Farmers Bank of Ky. A.B.N.Co. 1859 Unc. 8.00 10.00 Farmers Bank of Ky. A.B.N.Co. 1859 Unc. 8.00 20.00 Farmers Bank of Ky. A.B.N.Co. 1859 Unc. 9.00 Notes of most other states, colonial and Continental, etc., in stock. ALSO WANT TO BUY. RICHARD T. HOOBER ANA 9.302 P.O. BOX 196 NEWFOUNDLAND, PENNA. 18445 SMALL-SIZE Minnesota National Currency WANTED Adrian, National Bank of Adrian #9033 Barnum, First National Bank #11761 Brewster, First National Bank #10946 Buffalo, Buffalo National Bank #12959 Canby, First National Bank #6366 Cold Spring, First National Bank #8051 Cannon Falls, First National Bank #13713 Cottonwood, First National Bank #6584 Deer River, First National Bank #9131 Grand Meadow, First National Bank #6933 Halstad, First National Bank #7196 Hendricks, First National Bank #6468 Hendricks, Farmers National Bank #9457 Kerkhoven, First National Bank #11365 Le Sueur, First National Bank #7199 Lanesboro, First National Bank Waterville, First National Bank #10507 #7283 Madison, First National Bank #6795 State price and condition or send for my fair offer. I have many notes in stock as well ! What do you need? JOHN R. PALM Deephaven 18475 THORPE ROAD, WAYZATA, MINN. 55391 Mankato, National Bank of Com- merce #6519 Mapleton, First National Bank #6787 McIntosh, First National Bank #6488 Menahga, First National Bank #11740 Minnesota Lake, Farmers Na- tional Bank #6632 Osakis, First National Bank #6837 Park Rapids, Citizens National Bank #13692 Pipestone, Pipestone National Bank #10936 Roseau, Roseau County National Bank #11848 Sauk Center, First National Bank #3156 Stewartville, First National Bank #5330 Staples, First National Bank #5568 Verndale, First National Bank #6022 Waseca, Farmers National Bank #9253 I. Send self-addressed stamped envelope for free list of Large and Small-Size National Bank Notes. • II. If you have National Bank Notes that you would like to sell, please contact me. Telephone 712-255-6882 or 712-365-4514 • CURTIS IVERSEN P. 0. BOX 1221 SIOUX CITY, IOWA 51102 NATIONALS • FREE LIST of POPULAR SCARCE RARE WORLD PAPER MONEY Now Available! MHR'S COIN CABIN DEPT. PM 9728 SEAVIEW AVE. BROOKLYN, NY 11236 NEBRASKA OBSOLETE CURRENCY • I am buying single notes and uncut sheets of Nebraska Obso- letes for my collection. Also, medals, badges, pins, book- lets, etc. of the Trans-Mississippi Exposition. Describe and Price. • LEONARD M. OWEN SPMC 2044 684 NORTH 59th STREET OMAHA, NEB. 68132 WANTED PHOTOGRAPHIC MATERIAL Advertising notes, scrip, tickets, broadsides, premiums, labels, trade cards, advertisements, tokens, medals., etc., relating to Daguerreotypists, ambrotypists, tintypists, photog- raphers, manufacturers, stock houses, publishers, etc., and early motion pictures. Also interested in: cameras, equipment, early images, Daguer- reotypes, photographic jewelry, albums, books and catalogs. ANYTHING RELATED TO PHOTOGRAPHIC HISTORY N. M. GRAVER BOX 18051, ROCHESTER, N.Y. 14618 Cardboard Civil War Scrip OF THE NEW ORLEANS, JACKSON & GREAT NORTHERN RAIL ROAD CO. Set of 3 (25c, 50c & $11 $30.00 Only Three Sets Available Single, 50c or $1 $ 7.50 Each piece measures 2 1 / 1 6x1 1/4" ERIE, PA. 1933 Depression. Set of 3 $ 5.00 FREE LIST OF BROKEN BANKNOTES, STOCKS, BONDS AND CHECKS. NEIL SOWARDS 548 HOME AVE., FT. WAYNE, IN 46807 WANTED SOUTH CAROLINA CURRENCY I am anxious to purchase obsolete notes, scrip, bonds and stock certificates. Will buy singles or collections. Highest prices for items need in my collection. Bill McLees P. O. Box 496, Walhalla, SC 29691 WANTED SOUTH CAROLINA CL RR 1[1:NCY OBSOLETE NOTES SCRIP—BONDS NATIONALS Send description of notes or mail registered. KENNEY'S RARE COINS BOX 244, AIKEN, SC 29801 SPMC ANA SCNA BRNA Collector/Dealer Since 1935 SPMC #38 WANTED "LAZY TWO" GRAND RAPIDS, WIS. Universal Numismatics Corp. FLOYD 0. JANNEY LM No. 415 P.O. Box 143 Waukesha, Wisc. 53186 Society Certified Professional Numismatists WANTED Maryland National Bank Notes Contact: JOE ELLIOTT c/o Fred Sweeney Rare Coins P. 0. BOX 10144 KANSAS CITY, MO 64111 Telephone 816-753-5860 I NEED SOUTH CAROLINA PAPER MONEY I WANT TO BUY ALL TYPES OF SOUTH CAROLINA PAPER MONEY FOR MY PERSONAL COLLECTION. I Need PROOF NOTES OBSOLETE BANK NOTES S.C. NATIONAL BANK NOTES CITY, TOWN & PRIVATE SCRIP I HAVE SIMILAR MATERIAL FROM OTHER STATES THAT I WILL TRADE FOR NOTES THAT I NEED. PLEASE WRITE FOR MY DETAILED WANT LIST. I Also Collect — PROOF NOTES WORLDWIDE SPECIMEN NOTES BRITISH COMMONWEALTH VIGNETTES USED ON BANK NOTES COUNTERFEIT DETECTORS BANK NOTE REGISTERS J. ROY PENNELL, JR. ANA #11304 P. 0. BOX 858 SPMC #8 ANDERSON, SOUTH CAROLINA 29621 WILLIAM P. DONLON UNITED STATES CURRENCY P. 0. Box 144, Utica, New York 13503 PROTECT YOUR INVESTMENT! Your Choice U.S. Paper Currency deserves to be housed in: DONLON'S CUSTOM/MADE DOMESTIC SUPPLIES. Beware of some imports and holders with yellow tint! Do not store notes in vinyl without protection of acetate holder! CUSTOM-MADE FLIP UP ALBUMS The Favorite for Large Important Collections. Vinyl pockets are designed to hold 50 to 100 notes in your acetate holders. Many notes have been damaged and oil-soaked by placing them in vinyl without protection of separate acetate holders. FLIP UP ALBUMS, CURRENT SIZE NOTES $10.50 FLIP UP ALBUMS FOR LARGE SIZE NOTES $12.50 DOMESTIC CUSTOM-MADE VINYL PAGES 3 pockets to each page, large enough for holders. TEN PAGES, CURRENT SIZE $3.95—TWENTY PAGES $7.50 TEN PAGES, LARGE SIZE $4.45—TWENTY PAGES $8.50 ACETATE HOLDERS "THE SAFE KIND" Recommended by writers and users as "the best!" SMALL SIZE CLEAR OR NO GLARE doz. $1.25, 50 $4.50 LARGE SIZE CLEAR OR NO GLARE doz. $1.50, 50 $5.25 You will like Donlon's No Glare Holders. Notes may be seen in any light without annoying glare. Please add 50c handling to your complete order for supplies. NYS add sales tax for your area. "BUYING OR SELLING UNITED STATES LARGE SIZE PAPER MONEY DEAL WITH DONLON FOR BETTER DEALS" ANA 4295 Life Member No. 101 P. 0. Box 144-A Utica, N. Y. 13503