Paper liteft4 BIMONTHLY PUBLICATION OF THE cocieq 4 Paper !honey CoIlectom Vol. XIV No. 1 Whole No. 55 Jan./Feb. 1975 Which is the real George Washington? Bill Koster tells, in his article on counterfeiting, Page 7. Star Sets (12) 29.75 (12) 28.75 ( 4) 9.75 (12) 27.75 (11) 25.75 ( 9) Write Soon Write Soon Write Six Star Sets 144.75 Star Sets - Last 2 Nos. Match 33.75 32.75 11.75 29.75 27.75 Write Write Write 159.75 SUPERB U. S. UNCUT SHEETS Beautiful Crisp New Sheets of Twelve-"Leaders" in Today's Great Rarities. These Potential "Best of Show" Winners can put Your Collection in the "Blue 'Ribbon Class". Just One or Two of most-So Subject to Prior Sale. WANTED-Perfect CN Sheets (4, 6, 12, 18). Call or Write. SILVER CERTIFICATE SHEETS 1928 $1 Tate/Mellon. Quantity issued is unknown but Very Rar 1928C $1 Woods/Woodin. Only 11 Sheets issued so Rarer than 1928E Sheets 1928D $1 Julian/Woodin. Only 60 Sheets issued-Far Less Exist today 1928E $1 Julian/Morgenthau. Only 25 Sheets issued but many were cut up and likely Less than 10 now Exist 1934 $1 Sigs. as last/ Only 25 Sheets were issued-Now Very Rare 1935 $1 Sigs. as last. 100 Sheets issued 1935A $1 Same Sigs. 100 issued 1935B $1 Julian/Vinson. 100 issued 1935C $1 Julian/Snyder. 100 issued 1935D $1 Clark/Snyder. Scarce Above Complete Set of all $1 Sheets-A Great Museum Collection LEGAL TENDER SHEETS 1928 $1 Woods/Woodin. Small Red Seal. Only Eight Sheets 1,699.50 were issued-and This, the Seventh Sheet Issued, indeed a Great Rarity and Truly an Exciting "Museum Show Piece" 10,449.50 is Priced Far below the Astronomical Price Range of many Coins of Lesser Rarity 9,989.50 5,449.50 1928C $2 Julian/Morgenthau. Only 25 Sheets issued-but Far Less Exist today 1,989.50 1928D $2 Julian/Vinson. Only 50 Sheets issued-Very Rare 1,649.50 1928F $2 Julian/Snyder. 100 Sheets issued but like others, many have been cut up 1,149.50 1928G $2 Clark/Snyder. 100 issued 989.60 Above Five Sheets-A Great Opportunity to acquire these Rarities 14,989.50 SPECIAL=These Two Great, Exciting Collections-Priced 36,689.50 at 49,998.50 14,449.50 1,849.50 1,149.50 1,099.50 1,199.50 949.50 889.50 $1 FEDERAL RESERVE SETS Superb Crisp New Sets-Buy Complete Sets 1963 Granahan/Dillon (12) 24.75 1963A Granahan/Fowler (12) 2.2.75 1963B Granahan/Barr ( 5 ) 8.75 1969 Elton/Kennedy (12) 18.75 1969A Kabis/Kennedy (12) 18.75 1969B Kabis/Connally (12) 17.75 1969C Banuelos/Connally (10) 15.75 1969D Banuelos/Schultz (12) 16.75 1963/1969D=All 8 Sets (87) 138.75 NOW at these Low Prices Sets - Last 2 Nos. Match 26.75 24.75 10.75 20.75 20.75 19.75 17.75 18.75 154.75 ALL-MATCHING NUMBERED SETS 1963/1969D (87)=Each Note with the Same Last Two Numbers 169.75 1963/1969B (63) Star Sets-Each with the Same Last Two Numbers 174.75 Please Write for our List of $1 F.R. Blocks -I- Also Small Size Notes & Accessories. Wanted - STAR NOTES - Wanted Paying Liberal Premiums for Packs (100) 1969B Dist. 9; 1969C Dist. 9-11-12: 1969D Dist. 1-2-6. Can Use Several Packs of Each. Please Call-or Write. WESTPORT CURRENCY ALBUMS Beautiful Album pages for following Sets: $1.00 Federal Reserve Sets-1963, 1963A, 1969, 1969A, 1969B, 1969C, 1969D each $2.95 $1.00 Block Set Pages-1963, 1969, 1969A, 1969B, 1969C, 1969D each 6.95 1963A, $13.95, 1963B 3.50 Deluxe 3-ring custom made binder-each 4.95 $1 "R" & "S" EXPERIMENTAL ISSUE 1935A $1 Red "R" & "S" Special Issue Notes. Superb Crisp New : Red "R" $99.75 ; Red "S" $69.75; The Pair 154.75 Similar Pair-Crisp New (not as well Centered) 124.75 DELUXE ANCO ALBUM A Handsome Durable Album. Size "10x11%". Gold Embossed Cover. Capacity 96 Large or Small Size Notes. Covers in Blue-Brown-Red-Green. (Specify Color desired). Price (Add $1.50 Shipping Charge) 12.95 IMPORTANT BOOKS-POSTPAID Send $1 for our Big Book Catalog (Lists over 100 on Paper Money). FREE with Order. Friedberg. "Paper Money of the United States". New 8th Ed.-DUE in DEC. Van Belkum. "National Bank Notes of the Note Issuing Period 1863/1935" Warns. "The Nevada 'Sixteen'." Price $17.50; but SPECIAL to SPMC Members Donlon. "U.S. Large Size Notes 1861/1923". 3rd, Latest Edition Hewitt/Donlon. "Catalog of Small Size Paper Money". New 11th Ed. Kemm. "The Official Guide of U.S. Paper Money". New 1975 Editio O'Donnell. "The Standard Handbook of Modern U.S. Paper Money". 4th Ed. (Third Edition of O'Donnell's Catalogue-While few Lasts $2.95) Shafer. "Guide Book of Modern U.S. Currency". 6th Edition 2.65* Werlich. "Catalog of U.S. & Canada Paper Money". New 1974 Edition 3.95* Schwan/Toy. "World War II Allied Military Currency". New 1974 Ed. 3.50 Toy/Meyer. "World War II Axis Military Currency". Out- of-Print 5.75 SPECIAL-Both Books 7.75 SPECIAL-Above BIG Six, STARRED * 19.75 Add 50c to Book Order for "Special Handling"-Faster P. 0. Service. Write 13.50 15.00 3.50* 2.25* 1.15* 9.75* "Aubrey and Adeline Bebee and their Stall extend to all, Very Best Wishes for a Joyous Holiday Season and a New Year of Peace-Good Health and Happiness". 100% Satisfaction Guaranteed. Please Add $1 under $100.00. Nebraskans add Sales Tax. BUY ON OUR E - Z PAYMENT PLAN. No Carrying Charges. Pay 1/4 Down, then 1/4 every 30 Days for the Next 3 Months. All Note Orders are Shipped Via Airmail. KNOWLEDGE N TEGRITY RESPO OLP '14 - 41 ROFESSIONk NUMISMATISTS ‘1 11.1)•INe' Bebee's, inc. "Pronto Service" 4514 North 30th Street Phone 402-451-4766 Omaha, Nebraska 68111 SOCIETY OF PAPER MONEY COLLECTORS INC. Founded 1961 Paper Money Official Bimonthly Publication of THE SOCIETY OF PAPER MONEY COLLECTORS, INC. PAPER MONEY is published every other month beginning in January by The Society of Paper Money Collectors, Inc., J. Roy Pen- nell, Jr., P. O. Box 858, Anderson, SC 29621. Second class postage paid at An- derson, SC 29621 and at additional entry office, Federalsburg, 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., 1975. All rights reserved. Reproduction of any article, in whole or in part, without express written permission, is prohibited. ADVERTISING RATES Vol. XIV - No. 1 Whole No. 55 Jan./Feb. 1975 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 Cr MAGAZINE CIRCULATION Correspondence pertaining to the business affairs of SPMC, including membership, changes of address, and receipt of magazines, should be addressed to the Secretary at P. O. Box 8984, Fort Lauderdale, FL 33310. IN THIS ISSUE: Contract Rates Space 1 Time 3 Times 6 Times Outside 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. THE VICE-PRESIDENT NOTE OF 1865 M. Owen Warns 3 ONE DOLLAR "ORIGINAL SERIES" NATIONALS WITH CHARTER NUMBERS —Howard W. Parshall 4 "NOTE-WORTHY NAMES" —Charles G. Colver 5 A SUPERB COUNTERFEIT/THE $100 COMPOUND INTEREST NOTE --William P. Koster 7 THE TREASURER OF THE CONFEDERATE STATES OF AMERICA 12 PAPER MONEY MARKET REPORT/ACTION AT AUCTION 13 WORLD NEWS AND NOTES M. Tiitus 18 NOTES ON BANK OF ENGLAND NOTES 18 FEDERAL RESERVE CORNER —Nathan Goldstein II 19 CORRECTION TO "CYRUS DU'RAND—INVENTIVE GENIUS" 19 SPMC BICENTENNIAL FEATURE: ALEXANDER HAMILTON AND THE UNITED STATES TREASURY WARRANT NUMBER 1 —Gene Hessler 20 SERIES OF 1914, FEDERAL RESERVE NOTES —Robert H. Lloyd 22 "UNITED SHARPERS": AN IMPEACHMENT ERA SATIRICAL NOTE —Harry G. Wigington 24 "CHATS ABOUT CHECKS" —Brent Hughes 26 PAPER MONEY PIONEER: D. C. WISMER —Richard T. Hoober 28 THE UNKNOWN FACTOR 32 The Society of Paper Money Collectors, Inc. SPMC CHRONICLE 29 SECRETARY'S REPORT Vernon L. Brown 33 MONEY MART 35 Cociell of Paper honey Collector-6 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 APPOINTEES Editor Barbara R. Mueller Librarian Wendell Wolka BOARD OF GOVERNORS Thomas C. Bain, Vernon L. Brown, Forrest W. Daniel, James N. Gates, David A. Hakes, William J. Harrison, Robert E, Medlar, Eric P. Newman, Charles O'Donnell, J. Roy Pennell, Jr., Glenn B. Smedley, George W. Wait, M. Owen Warns, Harry G. Wigington, Wendell Wolka. 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 Code! R. I.Three-signature note—First National Bank, Woonsocket, v.M.F40.14.W-14P.-tloria.i€A-EwErdar..„ 'National giant 401413.344X, ' 1-paU-__ e "/.///lA,t/ 1 /1 1//1/1 /if/ /// f. . e.4). tit "Jos. E. Cole Vice Pres't." WHOLE NO. 55 Paper Money PAGE 3 The Vice - President Note of 1865 . . . THE FIRST NATIONAL BANK OF WOONSOCKET. RHODE ISLAND By M. OWEN WARNS THE NATIONAL Bank Note with three officers' signatures shown here is the first of its kind which we have seen. Whether the third officer's signa- ture was added intentionally becomes a matter of con- jecture at this late date. Whether this particular note and those notes of other denominations from this bank bearing the third officer's signature were placed in gen- eral circulation is also a matter of conjecture. How- ever, the copy illustrated does show moderate wear in- dicating circulation. The obvious question then arises: Was the third signature added before the note was circulated? This note could be unique in two respects. First, it is the only such note which has survived. Second, the issuing bank, charter 1402, seems to have been the only National Bank to employ three officers' signatures on its notes. If you have a similar note, please report it to the author, who is indebted to David J. Levitt for bringing this unusual specimen to our attention. The note. Friedberg #380. dated Aug. 15, 1865, is from the original printing of first charter notes by the American Bank Note Co. It bears. in addition to the hank officers' signatures, those of S. B. Colby, Secretary One Dollar "Original Series" Nationals WITH Charter Number By HOWARD W. PARSHALL .KZP.P410014114MAR401)01oNt. fitrifiiirs IiitYlttitteiNationaltianit 7s( ` ny,Kurl v N. • PAGE 4 Paper Money WHOLE NO. 55 of the Treasury, and F. E. Spinner, Treasurer of the United States. The charter number 1402 was omitted, the normal practice for notes printed during this period. ( However, some did have the numbers; see Howard Parshall's article in this issue.) The serial number A421784, the hank tally number 1467, and the Treasury seal are in red. The penned signature of E. Morris, president, is in black, while the signatures of Jos. E. Cole, vice-president, and R. G. Randall, cashier, are in brown ink. The bank itself was liquidated early in 1902. Visible (hopefully) in the enlargement of the Cole signature is what appears to he the intentionally printed position title "Vice Pres't." in an old English style type face. This tends to indicate that the third signature was not an afterthought or a whim. Rather it reflects a definite and permanent approach conceived to create an aura of trust, security and prestige for the banking busi- ness. Several theories can be advanced for the reasons that prompted the addition of the third signature, viz.— (A) Jos. E. Cole was a vain or important personage in Woonsocket. (B) Jos. E. Cole wanted recognition for a consider- able financial interest he put into the bank's capitaliza- tion. (C) The bank wanted to impress the public with the strength of its leadership in view of the prevalent and numerous bank failures at the time. (D) The president of the bank could have been stricken with a terminal disease with no prospect for recovery: such a situation could have resulted in the bank officers' decision to add the signature of the vice- president to any new notes that remained in the vault at the time. This action would have created an over- lapping, face-saving sense of security designed for public as well as customer consumption. One can be imaginative into the wee hours as to what the actual reason was for adding the vice-president's signature; your guess is as good as ours! In passing we might ponder about the Treasury Department's action in the matter. This was an irregularity. It would be of interest to learn the facts. Perhaps in the future an industrious researcher will take time to satisfy his curiosity by visiting the National Archives and ferreting out the facts from the voluminous cache of records of the Comptroller of the Currency that would shed light on the circumstances surrounding the bank's involve- ment in this highly unusual incident. IOR YEARS this collector of National Currency has read and heard it said: "The bank charter number overprint on Original series one and two dollar notes first began to appear in about 1873." This article proposes to show that some of the one dollar notes printed as early as 1865 carried the bank's charter number. According to William H. Dilliston in his booklet "National Bank Notes in the Early Years" (reprint from The Numismatist) page 14, the first million sheets of one and two dollar Nationals were issued between March 28, 1865 and October 4, 1865. The U. S. Treasury serial numbers were RED and without prefix letter or suffix bracket. The second million sheets carried BLUE U. S. Treasury serial numbers, also without prefix letter or suffix bracket. These notes were issued between October 4, 1865 and March 23, 1866. Between March 23, 1866 and August 19, 1875, four and one-half million additional sheets of notes were issued to the banks with RED serial numbers, prefix letters A, B. C, D. E (ended 543882), and suffix brackets. The Farmers and Mechanics National Bank of Buffalo, New York, is one example of the charter number over- print on notes issued as early as the summer of 1865. Illustrations of one dollar Nationals on this bank may be examined on page 11 of John A. Muscalus' booklet. "National Bank Notes of Buffalo and Vicinity, 1865- 1929." WHOLE NO. 55 Paper Money PAGE 5 The earlier issue one dollar note (Treas. #513787 RED Bank #756) does not carry the bank charter, while the second one (Treas. #579625 RED, Bank #47821 carries Charter 453. Since the first million sheets of one dollar Nationals were issued by October 4, 1865, we are able to establish the date of issue as having occurred prior to that time. This collector has been informed of the existence of a one dollar National on the First National Bank of Provincetown, Massachusetts, with charter number 736 overprinted and having the BLUE (Treas. #285635) U. S. Treasury serial number. Even though this is the only note known to the writer which contains both the BLUE serial number and bank charter number, it sup- ports his belief that a few banks received one dollar Nationals with charter number overprinted between 1865 and 1873. At the present time, the writer has recorded 79 Original series one dollar Nationals with charter num- bers. The U. S. Treasury serial numbers are known on only 20 of these notes. The total quantities of notes with serial numbers reported for each serial series are: RED, three notes; BLUE, one note; RED Prefix C, one note; RED Prefix D, five notes; RED Prefix E, ten notes. The absence of U. S. Treasury serial numbers on the vast majority of notes reported is unfortunate. However, the writer is of the opinion that the addition of the bank charter number to the Original series one and two dollar notes first became wide-spread with the "D" prefix. There appears to be little question that a few banks between 1865 and 1873 received sheets of one and two dollar Nationals with the bank charter number over- printed on the notes. This practice seems to have be- come popular and widely practiced by 1873. One of the important changes in the printing of the "1875 Series" notes (October 16, 1875 to December 13, 1878) was the addition of the bank charter number on every note issued. Research on these early notes has been neglected until recently. The writer would appreciate any additional information, especially U. S. Treasury serial numbers, on the notes listed at the close of this article. Send information to: Howard W. Parshall, P. 0. Box 191. Pineville, Louisiana 71360. Listed below are one dollar "Original Series" nationals reported to this writer which have the bank charter num- ber overprinted. RECONSTRUCTED SHEETS: Illinois, Lincoln First N. B., #2126 Minnesota, Winona, Merchants N. B., #2268 Ohio, Newark, First N. B., #858 TERRITORIAL NOTES: Dakota Territory, Yankton, First N. B., #2068, (Treas. #D395394) Montana Territory, Helena, First N. B., #1649 Wyoming Territory, Laramie City, Wyoming N. B., #2110 NOTES BY STATES: Connecticut, Birmingham, Birmingham N. B., #1098 (Treas. E151772) Connecticut, Hartford, City N. B., #1377 (Treas. #E126633) Illinois, Macomb, First N. B., #967 Illinois, Alton N. B., #1428 (Treas. #E509985) Illinois, Winchester, Peoples N. B., #1821 Illinois, Marengo, First N. B., #1870 Illinois, Kansas, First N. B., #2011 (Treas. #E480864) Illinois, Chicago, Home N. B., #2048 Illinois, Lincoln, First N. B., #2126 Indiana, Centerville, First N. B., #37 Indiana, Lafayette, LaFayette N. B., #2213 Iowa, Dubuque, Commercial N. B., #1801 Iowa, Monroe, First N. B., #2215 Kansas, Atchison, First N. B., #1672 Kansas, Paola, First N. B., #1864 Kansas, Emporia, First N. B., #1915 Kansas, Emporia, Emporia N. B., #1983 Louisiana, New Orleans, Union N. B., #1796 (Treas. #D833405) Maine, Augusta, First N. 13., #367 Maine, Gardiner, Oakland N. B., #740 Massachusetts, Springfield, Second N. B., #181 Massachusetts . Third N. B., #308 Massachusetts, Weymouth, Union N. B., #510 Massachusetts, Salem, Naumkeag N. B., #647 Massachusetts, Waltham, Waltham N. B., #68.8 Massachusetts, Provincetown, First N. B., #736 (Treas. #285635 BLUE) Massachusetts, Taunton, Taunton N. B., #957 Massachusetts, Boston, N. Union B., #985 Massachusetts, Hyannis, First N. B., #1107 Massachusetts, Fitchburg, Wachusett N. B., #2265 Minnesota, Faribault, Citizens N. B., #1863 Minnesota, Winona, Merchants N. B., #2268 (Treas. #E472275) Missouri, St. Louis, St. Louis N. B., #1112 New Hampshire, Portsmouth, First N. B., #19 (Treas. #C583876) New Hampshire, Concord, First N. B., #318 New Jersey, Freehold, Freehold N. Banking Company, #951 New Jersey, Newark, Manufacturers N. B., #2040 (Treas. #D284935) New York, Fishkill Landing, First N. B., #35 New York, Geneva, First N. B., #167 (Treas. #E230780) New York, Portchester, First N. B., #402 (Treas. #359433 RED) New York, Buffalo, Farmers and Mechanics N. B., #453 (Treas. #579623 RED; #579625 RED) New York, Lockport, Niagara County N. B., #639 New York, Troy, Troy City N. B., #640 New York, Poughkeepsie, Fallkill N. B., #659 New York, Buffalo, Third N. B., #850 (Treas. #D124156) New York, Troy, N. State 13., #991 New York, Saratoga Springs, Commercial N. B., #1227 New York, New York, Continental N. B., #1389 New York, Haverstraw, N. B. of Haverstraw, #2229 (Treas. #E388611) North Carolina, Fayetteville, Peoples N. B., #2003 Ohio, Youngstown, First N. B., #3 Ohio, South Charleston, First N. B., #171 Ohio, Pinesville, First N. B., #220 (Treas. #E8878) Ohio, Athens, First N. B., #233 Ohio, Ironton, Second N. B., #242 Ohio, Ravenna, Second N. B., #350 Ohio, Newark, First N. B., #858 Ohio, Tiffin, N. Exchange B., #907 Ohio, Springfield, Mad River N. B., #1146 Ohio, Plymouth, First N. B., #1904 Ohio, Napoleon, First N. B., #1917 Ohio, Sandusky, Third N. B., #206 Pennsylvania, Allentown, First N. B., #161 Pennsylvania, Athens, First N. B.. #1094 Rhode Island, Newport, Newport N. B., #1492 (Treas. #E415130) Rhode Island, Wickford, Wickford N. B., #1592 (Treas. #D869455) Rhode Island, Providence, Manufacturers N. B., #1283 Rhode Island, Warren, N. Warren B., #1419 Tennessee, Bristol, First N. B., #2167 Vermont, Burlington, Merchants N. B., #1197 Vermont, Manchester, Battenkill N. B., #1488 (Treas. #E156714) Wisconsin, Appleton, First N. B., #1749 "Note - Worthy Names" By CHARLES G. COLVER ANK officers' signatures on U. S. National Bank Notes offer an intriguing study. The longevity of the series saw the signatures evolve from a primitive quill pen type with its distinctive flourish clear through to a wholly-printed signature from engraved printing plates. Naturally the earliest notes are the most interesting. With relatively few notes to sign, the bank officers, president and cashier, took pen in hand and accom- plished the deed quickly. Unfortunately, many times the quality of the ink used was not too good, and the images have long since faded entirely away. Some- times one sees notes offered as "rare unsigned" while actually it is just a case of "disappearing ink" effect. Now and then we find a nice note with the old signatures "helped a bit," but remember, ball-point pens were unheard of during the large-size note era. PACE 6 Paper Money WHOLE NO. 55 WASHINGTON OFFICE OF THE CHICAGO RECORD, WILLIAM E. CURTIS. POST BUILDING. WASHINGTON, D. C. ITovewiber 19, 1900. Mr. Ward T. Huston, 34. Clark Street, Chicago, Ill. Dear Sir:--The Comptroller of the Currency holds that it is not necesnary under tne law for officers of national banks to sign the circulating notes in law required pen and ink; that they may use fac simile stamps. The ink until 1802 when an act was pass ed making the notes of national banks good whether signed by bank officei's or not. Since then the officers have been given latitude, and while the presi- dent or vice president and the cashier must sign they can do so as they please. Very truly yours, Photocopy of letter dated 1900 relative to legality of signing National Bank Notes by facsimile means. Increased issues caused busy bankers to delegate the signing of their notes, usually to a lesser officer. Thus, many notes bear a name and a handwritten "a" for "assistant" before cashier, or a "v" for "vice" ahead of president. Sometimes almost anyone handy in the bank would do the honors, in a sense forging the actual offi- cers' signatures. Many of us have heard time and time again the tale of the early banker who loved to carry a sheet of unsigned notes in his coat pocket. Entering a place of business, he would whip out the sheet, cut or tear off a note, sign it with flourish, and tender it to the bewildered salesperson. Ever-increasing issues led first to the fountain pen, and then to the development of a gang pen. This was a method of attaching four pens, controlled by a hand- held master, and signing all four notes in the sheet at one time. Eventually even this method became too slow and arduous. Finally the rubber stamp signature was authorized and became commonplace. Just about any- one could perform the task and still get a reasonable facsimile of the official handwriting. Usually stamped signatures can be distinguished by bad placement, tilting, poor inking, smearing, unusual (stamp pad) color inks and a blotchy appearance. Normally, stamp pad .ink does not tend to fade like many of the pen inks, one thing to be said in its favor. Many early bankers had very distinctive handwriting. showing many a flourish. Sometimes a large note will be referred to as a "vanity," due to the extra-large signatures. Occasionally such a signature will extend across half or More of the face of the entire note. Over- lapping onto the note below was common, and many notes show the remnant at the top even after cutting. Upon examining banker's signatures, one must soon conclude they possess the worst handwriting of any profession with the possible exception of medical doctors! Some bank officers may be traced about from bank to bank or to another town by their distinctive signatures. Some show a move from cashier to the president posi- tion during the note-issuing period while others might indicate a family-owned bank with both positions bearing the same surname. Very few notes are signed by women bankers but a few do bear reference to a pro- fession such as "Dr." Autograph collectors would revel at some of the famous names found handwritten on early bank notes. Names such as J. P. Morgan come to mind. Take heed though, the Charles Curtis signing the Bank of America, New York, notes is not the same man as U. S. Vice-President Curtis under Herbert Hoover. With the advent of small size notes in 1929, the his- toric period of hand signatures came to an end. All officers' names were engraved into the plates and printed on sheets of six notes in a single operation. Exit for- ever autographed bank notes. The small capital letter and number which appear in the upper left-hand corner just below the denomination numeral on the face of a Federal Reserve Note are re- ferred to as the plate position number. This designates the position of the note on the 32-subject face plate from which a particular bill was printed. -,O(4 .o cai)5C40(.41DC,Ac.'301:10, TB 0 .11f. '10.11Fri k_.. -1111GIO.C.4 ), )(Ht )-• 'N 'NOR / / / 7'// O // ,////17(////o/r .I///// //7/////(///// ONE/JUNOEO 11/NNÄ,N,..tetN.6et=6 11).,cils).)ry,4) as, evse:01C,,0 5'16 6 / MI_ 7,/ / 6, 6- OHE HUNDRED DOILARS 4646),,, ER.67 61 ,..6 per ,766)/T,wiikri6;46/ ,,,NuTSIX MORI OS 66,666,6 6,,,, ,b/P6vi,6,, ,)/666./66,60,,kik/k66 , 6 HOW IIS /66,6,6 , Jr)6eh 6tit Of ONE. YEAH IS MONTHS WIMANS 50 MONTHS• NUE TEARS WHOLE NO. 55 Paper Money PACE 7 A Superb Counterfeit THE S100 COMPOUND INTEREST NOTE By WILLIAM P. KOSTER . . . a counterfeit so deceptive that we must now ask, "Are there any genuine $100 Compound Interest Notes in existence?" FEW months ago I was asked by Bill Donlon to verify the authenticity of a $100 Compound Interest Note, the one offered by him in his June 28, 1974 Mail Bid Sale. After some investigations and study, it was concluded without doubt that this note was counterfeit. In looking at illustrations of other notes of this type and in light of the characteristics of Donlon's known counterfeit, more suspicions have been raised. Based on a preliminary assessment of the notes as can be seen from their photographs, Friedberg's illustration, Hessler's illustration and also the note sold at the ANA Auction in New Orleans in 1972 all appear to he coun- terfeit. These latter allegations could only be confirmed, however, from a study of the actual notes and not merely from photographic illustrations. As PAPER MONEY readers well know, our Federal Government first printed currency to fund the Civil War. This activity was started in the midst of widespread counterfeiting of the then circulating commercial and state hank issues. And in spite of safeguards against it, the Federal issues also came to be widely counterfeited. So widely, in fact, that it was reliably estimated in 1867 that about one-third of all paper money then in circula- tion was counterfeit! This situation was discussed in Fig. 1. Face of the $100 Compound Interest Note known to be counterfeit. Fig. 2. Reverse of the above note. PAGE 8 Paper Money WHOLE NO. 55 previous articles on counterfeiting which were published in PAPER MONEY (Whole Nos. 72 and 73, 1972). The first good counterfeits to appear in quantity were of the $50 Legal Tender Note, Series of 1863. The $100 notes as well as the smaller notes of this series were also copied. Counterfeits of $10, $20, and $100 National Bank Notes also began to circulate widely. A counterfeit of the $50 Compound Interest Note be- came troublesome at the close of the Civil War. Today, this note is recognized as having been successfully copied in quantity and occasionally one is seen at a numismatic event. The $100 Compound Interest Note, however, does not carry this same reputation. This note has not been recognized as having been widely counterfeited, although counterfeit detectors of that era identify one counterfeit series as follows: Plate "B," dated May 15, 1865 (plates captured March, 1866) The existence, today, of known counterfeit copies of the $100 Compound Interest Note has not previously been documented, to my knowledge. On the other hand, the scarcity of genuine copies of this note, since one known copy is verified as counterfeit and three others are suspect, offers new intrigue for the syngraphist. Counterfeits of the Civil War era were, for the most part, produced by hand engraving .. . meticulous copy- ing of the genuine. The majority of these counterfeits were not particularly good and could be detected with a little care. As I have described in previous articles, the hand engraving of vignettes and other features of the notes produced copies that frequently looked very much like the real thing but which were not exact dupli- cates. The geometric lathe work on these early notes, which played a large part in making them difficult to counterfeit effectively, was especially hard to copy on a freehand basis or with some simple drafting machine. In that period, counterfeits were judged and detected by comparison of engraving features on a suspect note with those on a copy known to be genuine. For this reason, the publishing of counterfeit detectors flourished. (Heath's detectors are commonly seen today and appear now and then in currency sales.) These were helpful to bankers, commercial houses, etc., by providing im- pressions of plates obtained from the Treasury Depart- ment, obviously genuine, for comparison with a suspect note. Precisely the same technique was used to examine the $100 note submitted by Mr. Donlon. Comparison of features of that note with known genuine vignettes clearly indicated that it was a counterfeit, as illustrated in this article. The main vignettes on this $100 note are not found in detectors of counterfeit currency but rather in bond detectors. The three main vignettes on the face of this note were located, in the genuine version, in "American Bond Detector and Complete History of the United States Government Securities," The American Bond and Currency Detector Company, Washington, D. C., 1869. This document covers U. S. bonds of all types, issued in a surprisingly large number of series, from 1861 through 1868. And of course, the Compound Interest Notes were legally considered as bonds although they did circulate to some extent as currency. The front and back of the Donlon note are shown in Figures 1 and 2. The condition is Fine-Very Fine, which is fortunate because, among other things, it per- mits a detailed photographic study of the engraving de- tails. (In contrast, most counterfeits from this period approach the "rag" condition, presumably because they were artifically aged by their makers before passing them, in order to reduce the chance of detection as a fake.) There are features evident in Figure I which, once recognized, will identify the note as counterfeit, as will he described later. When I first examined this note in Bill Donlon's office, it looked legitimate, or at least I wanted to think that it did. The reverse appeared to be excellent in every de- tail and the face also, except for the two denomination medallions at the upper right and left containing the "100." In these, the geometric lathe work did not appear as uniform and well-formed as it should be; the 1-0-0 also appeared a hit crudely formed . . . but much better than on many other counterfeits I had seen. And the back was so perfect. "Maybe over-inking had con- tributed to the problem or maybe since this engraving was made in the early days of U. S. securities production, things for some other reason were not quite up to snuff. After all, the reverse appeared to be perfect." Only after a comparison with the genuine as shown in Figures 3a versus 3b could the counterfeit nature of the note be positively established. But when the two are compared side by side, the difference is quite obvious. High magnification photographs of other areas of the note are both interesting and revealing . . . and also convincing. Washington's portrait is compared in Figure 4. At close range, there are several differences, the most obvious of which are the eyes and the mouth (consistently tough spots for counterfeiters). More subtle, however, is another difference which will become important later: Hold Figures 4a and 4b at arm's length and note the predominance of Washington's left eyelid, which is accentuated by the dark shadow of the left eyebrow. This is a characteristic feature, about which we say more. Closeup views of the statue of Justice, a vignette shared with some of the 500 fractional currency notes, are shown in Figures 5 and 6. Eye problems again pre- dominate; the counterfeit Justice looks cross-eyed. The mouth is also poor, there is an extra lock of hair on the left side of the face, as viewed, and the strings holding the balance pen are too prominent. But we have to marvel at a guy (presumably, but could be a gal) who would painstakingly copy dot for dot the line for line in actual size and come up with an engraved copy so good ... must have taken months and months. But may- be it seemed really worth the effort to those people .. . and worth the risk, too. In that era, a $100 note would buy about what $1,000 will buy today. And for most, the $100 was a lot harder to come by than is $1,000 today. I am reminded that in 1870, for example, the standard wage in the machine tool industry here in Cincinnati was 12¢ per hour with straight time for overtime including Saturdays and Sundays when worked . . . foremen were a. Counterfeit b. Genuine a. Counterfeit b. Genuine WHOLE NO. 55 Paper Money PAGE 9 Fig. 3. Close-up view of the denomination medallion of the counterfeit note (upper left corner) compared to a genuine impression. Observe the fuzziness both of the boundaries and the intersections of the geo- metric lathe work patterns. wealthier: 14 to 150 per hour! When a few "C" notes equaled a year's earnings, maybe this meticulous effort seemed worth it. Sort of sidetracked. Another comparison, perhaps showing the best of the three counterfeit vignettes, is shown in Figure 7. Subtle differences can be seen, but there is one positive telltale. In the genuine, the stars in the field of the flag are shown both above and below the panel which the female figure is holding. In the counterfeit, stars are absent below the panel. Without an observation of that difference, it would be very diffi- cult to look at a copy of this vignette and know for sure whether it was "good" or "bad." This one is an excel- Fig. 4. The central vignette of Washington. The de- fective eyes and mouth are most obvious. The promi- nent left eyelid on the counterfeit, once recognized, provides a quick means of identification. lent, but not perfect, likeness of the original except for the omission of the stars. The back of the note is another story. I thought it looked genuine when I first saw the note at Bill Donlon's office. And after a much more detailed look under a binocular microscope and with high magnification photographs, I still think it looks good. Figures 8a and 8b show some of the details. Note, in Figure 8a, the precision of the geometric lathe work. The lines are smooth and continuous with rounded curves; the inter- sections of these lines are uniform, clear and distinct. In contrast, the intersections of the lines that make up a lathe work pattern in a known counterfeit are fuzzy a. Counterfeit b. Genuine a. Counterfeit b. Genuine PACE 10 Paper Money WHOLE NO. 55 Fig. 5. Vignette of Justice in close-up. Here again the eyes and mouth are poorly copied. An extra lock of hair may be seen at the right side of the head. and irregular, as may be seen by comparing Figure 3a with 3b. Likewise, the details in Figure 8b look too good to have been copied by hand engraving, even when done with the aid of a drafting machine. The face of the note is counterfeit, without question. But one wonders about the back. We know that these notes were usually printed by several companies, one doing the face, one doing the reverse (usually printed first) and a third source, the U. S. Treasury, affixing the seal and serial numbers. In this regard, the basic printing of the National Bank Notes was done at three different sources as a security measure. The two-color reverse (black and green) plus the face comprised the three basic printings of these notes which Fig. 6. An extreme close-up of the head of Justice. Note that the actual geometric differences between the counterfeit and genuine are small but that even these small differences result in a different total appearance. were done at separate printing locations . . . separate banknote companies . . . until the Bureau of Engraving and Printing absorbed this work in the 1875-78 era. Well, anyway . . . the point to this train of thought is that this note might be a counterfeit face printed on a stolen reverse copy of a genuine impression! Records do indicate that banknotes were stolen in various stages of production before reaching the Treasury for the im- printing of the seal and for that matter, stolen from the Treasury building itself before distribution to the sub- treasuries and banks. For my part, this is pure specula- tion. If someone comes up with a $100 Compound Interest Note or a $100 One Year Interest Bearing Note with a legitimate face, the examination of the other side will tell the story. a. Counterfeit b. Genuine WHOLE NO. 55 Paper Money PAGE 11 Fig. 7. Close-up of the left vignette on this note. The counterfeit copy is very good but lacks stars on the flag in the area under the panel or shield that the figure is holding. This is a means of rapid detection on this particular note. After ascertaining that the Donlon note was counter- feit. some interesting observations were made. An examination of the Friedberg illustration of this note, Fr. 193, and also of the One Year Interest Note, Fr. 199, showed differences between them. The vignettes of the One Year note look like the genuine, while those of the Compound Interest Note resemble the counterfeit ver- sion. There are three or four features discernible in the photographs: 1) Washington's left eyelid/eyebrow stands out on Fr. 193 as it does on the known counterfeit, but not so on Fr. 199. Fig. 8. Close-up of two areas of the reverse of this note. The appearance is excellent. As explained in the text, the Donlon note might be a counterfeit face printed on a stolen, genuine impression of the reverse plate. 2) The illustration of Fr. 193 lacks the stars as does Figure 7a. Fr. 199 appears to have stars in the area under the panel as shown in Figure 7b. 3) In the central vignette, Washington is standing be- fore a wood-trimmed Victorian couch (not from Washington's era, but rather from the time that the v ignette was engraved!). Note that the outline of the wooden frame to Washington's right is much more pronounced on Fr. 193 and also on the counter- feit Donlon note than on the illustration of Fr. 199. 4) There is also a mechanical difference that can be a telltale. The position of the center of Justice's hand balance with respect to the border of the "100" medallion above it is shown on the known counterfeit note in Figure 9. The position is the same in the Fr. 193 illustration of the Compound Interest Note. This relative positioning is different . . . or appar- ently so . . . on the illustrated copy of Fr. 199, This difference is also shown in Figure 9. PAGE 12 Paper Money WHOLE NO. 55 Fig. 9. Close-up of the right end of this counterfeit $100 Compound Interest Note. Note the position of the center of the balance which Justice is holding in rela- tion to the medallion above it. In the genuine, the center of the balance is shifted to the left as indicated by the vertical dashed line in the illustration. Since the designs and master plates for both of these notes were the same but since there are geometric differ- ences. one must be hand-copied counterfeit. lacking, as always, in being a precise copy of the original. Stacking up all of the evidence, it appears that the $100 Com- pound Interest Note illustrated by Friedburg as his Fr. 193 is counterfeit but that the One Year Interest Note illustrated as Fr. 199 is genuine. Looking further, four illustrations of the $100 Com- pound Interest Note were readily located (no presump- tion is made that this is a complete list) in my files. These are listed below with certain characteristics: OVERPRINTED SOURCE PLATE SERIAL No. ISSUE DATE Donlon - June 28, 1974 Sale 4,13, 78226 May 15, 1865 Friedberg Illustration (Fr. 193) .3, 70013 May 15, 1865 Hessler Illustration (H 1137) .3, 70119 May 15, 1865 ANA 1972 Sale, Lot No. 1081 "B" 75237 May 15, 1865 Interestingly, from my point of view (since I am not the owner of one of these notes I. all four of them appear to have been printed from the same plate. While some of these illustrations are small. Washington's prominent eyebrow, the frame of the couch behind him, and the mechanical positioning illustrated in Figure 9 all appear to confirm this conclusion. The fact that all four notes bear plate letter "B" as well as the issue date of the historically recorded counterfeit series is not the basis of judgment, but is supporting evidence. One of the four notes is known to be counterfeit. The other three mentioned above strongly appear to be, but one could not be certain unless the actual notes were examined. This raises a fascinating question: Are there any genuine $100 Compound Interest Notes in existence? It is certain that if one or more genuine copies of this elusive note are uncovered, they are rarer than has been estimated by numismatic studies and appraisals made to date. The Treasurer of the Confederate States of America (The following originally appeared in the April, 1919 issue of The Numismatist T is not the intention of THE NUMISMATIST to become a biographical dictionary, but it would seem proper to make a single departure from the beaten paths of numismatics on account of one bill of the Confederate issues (my No. 30, THE NUMISMATIST for December, 1917, page 490). The hunt for the name of the man shown on this bill was the longest, hardest and most elusive of any research work I have ever done, and when at last the portrait was found to be that of John Elliott Ward, Mayor of Savannah, Ga., in 1854, and at that A MAN WHOSE SYMPATHIES WERE WITH THE NORTH, WHO BELIEVED THAT THE SOUTH WAS IN THE WRONG AND WOULD FAIL IN ITS ENDEAVORS, AND WHO LEFT THE SOUTH PARTLY ON AC- COUNT OF HIS BELIEF, the placing of his portrait on Confederate money partook of the nature of a hugh joke. I therefore present a portrait and brief history of the man whose portrait should, I believe, have been placed on the note—the Treasurer (and the only Treas- urer) of the Confederate States of America, the Hon. Edward C. Elmore, who personally signed all the bills issued at Montgomery, Ala., before Richmond was made the permanent headquarters of the Confederacy. The subject of this sketch was a very modest man, who invariably avoided the limelight of publicity so eagerly sought by mediocre public men. He has, therefore, never till now received the full measure of commendation to which his ability and record as a public official entitle him. He was in every sense of the term a representative business man and typical gentleman of the old school. His features bore the expression of firm resolution, the calm, quiet repose of self-possession, and a high order of intelligence and character. Mr. Elmore had been well trained in the best schools of the banking business of the day, in which, to personal integrity and scrupulous exactness in details, were added the graces and accomplishments of a culture more general than the one single thought and engrossing purpose of a money changer. Because of his high personal character and known integrity he was a representative among the financiers of Montgomery, Ala., and readily received the endorsement of the best known men of that city when suggested as a proper custodian of the money and securi- ties of the Confederacy. Without hesitation, President Jefferson Davis, on the approval of Secretary Memminger, sent in the name of Mr. Elmore to the Provisional Con- gress as Treasurer, and he was at once confirmed, his appointment being the first among those having charge of the several subdivisions of the Treasury Department. When one thinks of the enormous sums needed to fit out and maintain the Confederate army, to construct a navy where none had existed, to provide for the civil branch of the service, supplying purchasing agents and diplomatic representatives abroad with funds, it can be easily understood that his duties called for a man of large capacity. Environed as he was, and constantly annoyed by the large number of quartermasters, com- missaries, disbursing officers and politicians, all clamoring for money, he was under the most trying conditions, a self-poised, calm, deliberate gentleman, courteous to all, and most affiable in his manner. It is an error to sup- pose that he had only to receive, count, keep and pay out the money of the Confederate Government. As Treasurer, (Continued on Page 25) Paper MoneyWHOLE NO. 55 PAGE 13 ••■■.,•■• PAPER MONEY MARKET REPORT athan attfraDil (All descriptions and summaries are taken from the auctioneer's publications.) Stanley Gibbons Auctions, Sale of June 24, 1974, Lon- don, England. World Paper Money (Prices in pounds sterling) AUSTRIA Est. Value 135 Court Circular, dated Vienna August 1808. announcing the issue of 5 Gulder notes and containing a proof of the notes inside. GF £25 19 AUSTRIA (NOTGELD) 137 Three printer's test pulls for Neumarkt, Salzburg and Steinwald VF 12 8 138 Withering. Four printer's test pulls for the 10, 50 and 75 Keller values. In black, gold on light blue, gold on dark blue and violet and ochre. Also a sheet of four impressions in green showing a sower. VF 16 13 CANADA (HUDSON'S BAY CO.) 181 Five Shillings Sterling, 1840, No. 1283, York Factory, Rupert's Land. These notes were issued between 1821 and 1870 and most were payable at Hudson Bay House, London. VG 40 36 182 1/- Hudsons Bay Company 2480 Issued at the York Factory, March 1846. Cancelled. F 150 135 CHINA 215 Ming Dynasty, 1 Kwan (1,000 cash) note, circa 1368-99, printed on Mulberry bark. Is- sued by the Emperor T'AitsuHung Wa Ming. Condition excellent for this note 650 500 216 Ming Dynasty, 1 Kwan (1,000 cash), circa 1368-99. Excellent condition and, of course, very rare 650 400 ITALY—VENICE 463 Bank of Venezia, 10 Ducati, issued 1st Octo- ber 1798 during the occupation of Venice VF 55 40 NEWFOUNDLAND 499 Newfoundland Government 1 Dollar Cash Note 1901. 05619. GF 300 320 PALESTINE 516 Palestine Currency Board, £5 set of 3, dated 30th Sept. 1929, F; 20th Sept. 1939, GF; 1st Jan. 1944. VF 78 60 PARAGUAY 523 El Banco Paraguay y Rio de la Plata, 1 peso, 25 centavos, Ascuncion, 26th Decem- ber 1889. Unusual denomination. F 15 12 524 Republica Del Paraguay 5 pesos 26th Dec. 1907. Currency note with proof vignette, EF 45 34 .1)L, t ATI CEO c.1 ,1—„ Y1z.at 9th , (Y /it ZItt C1 ,fin; rice vata itiitatv a/cl &tit. ie CeoCe 6z/raga:wile Ceartiuv;vit aku 0171C,0111? evz ..zium , giro per lila mho irt IN LT.RRELAZIONE d'ipuditna aid etteere PER DU(.7,1T1 DIE 1.1 46 cY.a Attu- 463 N" Oof 0:30t011n1(111. of icAtites B:orot r oofr iiro Boar, r Pt f 0 C3ITTS o o M 566 STRAITS SETTLEMENTS 591 Government of the Straits Settlements, 5 Dollars 1st Sept. 1898. 52711. VG 150 130 SWEDEN 600 Collection of early to modern Swedish Banknotes including a selection of the Rik- sens Standers Bank issues covering the pe- riod 1803 to 1849. Also a representative selection of the Swedish Riksbank issues of the 1869-1968 period. Varied condition. (42) 375 260 SUDAN—KHARTOUM 602 General Gordon Note for 20 piastres, issued and hand-signed by General Gordon during the siege of Khartoum in 1885. Very rare GVF 75 90 SEYCHELLES WESTERN SAMOA 560 Government of Seychelles, 500 King George 659 Territory of Western Samoa £5 'Specimen' VI, 6th January 1951. No. 147576. Small Issued pre-W.W.II. A very rare note nearly rust spots. Very scarce. F 42 38 VF 600 475 0, BANCO \5V■CtCUS4 "44316;f0T-D: (Ag5:5sxr. gocp4-AeTA /,4„,„; , f',4! Nee'4.//, j a, PACE 14 Paper Money WHOLE NO. 55 Almanzar's Coins of the World, Inc., Sale of Sept. 12, 1974, Houston, Texas. 12 B0170. P66. EL BANCO DE LA NACION BOLIV- IANA. 1 Boliviano. Obv. Winged Mercury in large circular watermark in center of note. Black with purple filigrees & red serial no. Rev. green. 136x 67mm. 11 de Mayo de 1911. Cartiere Pietro Mili- ani-Fabriano Italia. Series K-1. Three signatures, EF. Similar note sold in Farouk auction sale for $200.00 200-300.00 $230.00 BRAZIL 34 BCB8. IMPERIO DO BRAZIL. 500 Reis. Obv. Shield with crown left, seated woman right, man's portrait top center. Black on orange background, red serial numbers. Rev. bank name & denomina- tion. Orange. 167x75mm. No date. Printer ABNC. Serial # 29344. Series 16. Estampa la. Signature handwritten across bottom of obverse. V-VF, V. Rare 200.00+ 60.00 35 BCB9. IMPERIO DO BRAZIL. 500 Reis. Obv. Portrait of man with seated women left & right in center. Black on magenta background, blue serial nos. Rev. Bank name & denomination. Ma- genta. 152x72mm. No Date. Printer ABNC. Se- rial # 70748. Series 76A. Estampa 2A. Signature handwritten across bottom of obverse. Unbeliev- ably nice for a note this age, very rare. CU 250.00+ 66.00 42 BCB28. IMPERIO DO BRAZIL. 2,000 Reis. Obv. Top center, seated woman with horn of plenty, farm scene in background. Black on white paper with green denomination, black serial no. Rev. Plain. White. 176x100m. 1° de Junho de 1833. Printer Perkins, Bacon & Co. Serial # 14165. Se- ries X. Signature handwritten across face of note. Irregular left border. Extra Fine 150.00+ 40.00 43 BCB47. IMPERIO DO BRAZIL. 5,000 Reis. Obv. Seated woman with symbols of trades, 2 children to right at top center. Black on white paper, red denomination, black serial no. Rev. plain. Off white. 185x92mm. No date. Printer Perkins, Bacon & Co. Serial 18132. Series. Signature hand- written on face of note. V Good 100.00+ 33.00 44 BCB66. IMPERIO DO BRAZIL. 10,000 Reis. Wom- an seated with shield & sword top center. Black on white & tan background, black serial no. Rev. Plain. White. 190x119mm. No Date. Serial # 14476. Series 1A. Printer Perkins, Bacon & Co. Signa- ture handwritten. EF-F 50-80.00 15.00 86 P70A. NO THESOURO NACIONAL. 10,000 Reis. Obv. Alfonso Augusto Moreira Pena center. Blue on multicolor background. Rev. Coastal scene. Green. 185x85mm. No date. Printer ABNC. Se- rial # 044599. Series 21A. Estampa 16A. Signa- ture handwritten across face of note. W/Brazil. AU 35-45.00 38.50 BRITISH GUIANA 189 P13. THE GOVERNMENT OF BRITISH GUIANA. 2 Dollars. Obv. Tucan bird left, waterfall center, ship right. Green on multicolor background. Rev. man's portrait center. Green. 152x85mm. Jan. 1942. Printer W & S. Serial # D/7 67010. 3 Printed signatures. Abt CU 40-70.00 52.00 CHINA 217 China Specimen Note. 10,000 Yuan. 157x64mm. Obv. maroon. Rev. grey. 1947. Printer Security Banknote Co. Serial # 000000 (in red). Series 1A. CU 35.00 CUBA 286 P73. 50 Pesos Fuertes. Obv. Woman with branch leaning on table with lion & lamb. Date is rubber stamped. Green, red & black. 208x115mm. 15 de Mayo de 1896. Overprint- "PLATA" in red on rev. EF 80-150.00 45.00 287 Cuba-Puerto Rico. REPUBLICA DE CUBA. 1000 Peso Bond. Obv. Dark green on light green. Rev. Blue print. 280x170mm. Serial # 2153. Signature - Jose Morales Lemus. Very rare. Legend on front in Spanish in 13 lines is translated in English on reverse as follows: The Republic of Cuba, through Jose Morales Lemus, President of the Central Re- publican Junta of Cuba and Porto Rico, acting un- der special authority, hereby acknowledges itself bound to the Bearer in the sum of One Thousand Dollars, with interest thereon at the rate of seven per centum per annum from the date hereof, said interest to be paid at the time and upon the condi- tions following, viz.-after the ratification of a treaty of peace between the Government of Spain and the Republic of Cuba; or after the overthrow of the authority of the Spanish Government in the Island of Cuba; or after the recognition by the Government of the United States of America of the political independence of the Island of Cuba, and on the 31st day of July of the year succeeding that on which such ratification, overthrown of Spanish authority or recognition of independence should take place, the said Republic will pay in the city of New York the interest then accrued hereon, and there after will pay as well the in- terest accruing hereon semi-annually on the 31st days of January and July in each year, as the said principal sum of One Thousand Dollars ten years after the first payment of interest. The Gov- ernment of said Republic reserves the right to pay the principal hereof on any interest day succeed- ing the first payment of interest. And to the per- formance and payment of this obligation the honor and faith of the people of Cuba is hereby pledged in the name of Carlos Manuel de Cespedes, Presi- dent of the Republic. New York this first day of June A.D. 1869. EF 250-350.00 385.00 IC:Er'42iM3714, 44 9,13 EMWMt emm NUMERQ 0000 304 WHOLE NO. 55 Paper Money PAGE 15 385 ECUADOR 304 Specimen. BANCO HIPOTECARIO ECUADOR. 100 Sucres. Obv. Seated woman overlooking city with mountains in background. Grey on light green and yellow. Rev. Seated woman in center of round seal. Green. 195x88mm. Printer Security Banknote Co. Serial # 0000. This is the first note of this type we have encountered and we suspect it to be extremely rare. CU ....200-300.00 210.00 GUATEMALA 335 GP31-10A. P63b 100 Pesos. Obv. Quetzal bird right, harvest scene center, arms upper left. Black print on multicolor background with red serial no 209x 118mm. 20 de Febrero de 1910. Printer ABNC. Abt. CU 30-45.00 73.00 394 BANCO DE OCCIDENTE EN QUETZALTENAN- GO. 100 Peso Stock Certificate. Obv. Coat of Arms center, seated woman to either side. Black & orange. 275x190mm. -de 18- Printer ABNC. Se- rial # 18008 (red). Unsigned, undated. Tear in upper right hand corner. V. Fine, Rare .... 99.00 488 GP59-5. P27. 500 Pesos. Obv. 2 seated women EL BANCO AMERICANO DE GUATEMALA .. with symbols of agriculture, commerce & industry. Black print, orange background, black serial nos. 174x99mm. 15 de Febrero de 1926. Printer. W & S. Overprint: series & serial no (blue). Series A (blue), series c (black). Two sets of serial numbers, upper blue lower black. V. Fine+ 60-100.00 88.00 530 Guatemala Specimen Set. BANCO DE GUATE- MALA. Set consists of 50 Centavos, 1 Quetzal, 5, 10, 20, 100 Quetzales. All notes 1974 with over- print MUESTRA across face in red. Multicolor notes. All with serial numbers. Notes unsigned. CU 100.00+ 135.00 MEXICO 541 P712, 714, 716, 717, 718, 719, 720, & 721. BANCO DE MEXICO. 1, 5, 10, 20, 50, 100, 500 & 1000 Pesos. Set of Mexican notes all CU. 1 peso 1958; 5, 10, 20 pesos 1961; 50 & 100 Pesos 1963. 500 & 1000 Pesos 1961. A nice collection by denomination. CU. Should realize 200.00+ 253.00 MOROCCO 542 Morocco Specimen. BANQUE D'ETAT DU MA- ROC. 5000 Francs. Obv. Castle walls in center, watermark of lion at left. Dark Red. Rev. Stone bridge in center. Dark Red. 167x80mm. Printer TDLR. CU (RR) 60-100.00 121.00 PUERTO RICO 603 Gould-Higgie 510, P11, Bank of Porto Rico/ Banco de Puerto Rico, 10 dollars (Diez Dolares) Obv., black print, grey border on white background, orange seal w/ Paschal Lamb in center on right, bust of Columbus at left, Rev., sepia, allegorical figure in center. This note rates as one of the rarest of Puerto Rican notes, so rare, that the only one we could find illustrated was in Gould-Higgie catalog but that particular specimen was in poor raggedy condition and even in that condition it was evaluated in 1962 at $100.00. All other Puerto Rican notes were then evaluated in price ranges of $7.50 to $50.00 each. (Wouldn't it be nice if we could still obtain them at these prices.) Much water has passed under the bridge since this book was published and notaphilia is no longer a child in numismatics but a new gradually increasing force in the hobby. We read in Coin World July 7, 1971, of a note from this same bank but in a higher denomination (100 dollars) from the Wil- liam P. Donlon's collection having sold in an auc- tion at $8,750.00. We do not intend to come near '711 111,7 di if pYatr^dNlSd11,. 100,4Arrr , le oblv 4 ,e;.01.4;;■,, At! * 145 PACE 16 Paper Money WHOLE NO. 55 this mark nor are we asking for an astronomical bid, however we feel that it will be more than reasonable for this numismatic treasure to exceed the bid of (VFine) 1 000.00+ 1,430.00 SALVADOR PAPEL MONEDO DEL GOBIERNO—The following notes were the actual notes which were the subject of a two-page write-up from THE COINS AND PAPER MONEY OF EL SALVADOR, by Alcedo F. Almanzar and Brian R. Stickney. These notes were a form of money issued by El Salvador in 1877 and only 60,000 Pesos were authorized for payment to government troops, employees, and offices. However, the authors were able to obtain documentation which is illustrated in the book of extractions taken from Salvadorian news- papers in 1877 in which different shops were advertis- ing to accept them as regular currency. Since publica- tion of the book the authors have been unable to turn up any other pieces of this money which no doubt emphasizes their rarity. 635 Alm-Stick 125, 1 PESO-PAPEL MONEDA DEL GOVIERNO DEL SALVADOR. Obverse: Black and blue w/ red serial number (top-left). Radi- ant shield encircled. Reverse: Brown shield in center w/legend around "REPUBLICA DEL SAL- VADOR". 180x82mm, Abril 1° de 1877. Reverse has 3 black overprints. (The spotted areas on obverse are penetration of the 0/P on reverse Very Fine, should realize in excess of 200.00+ 500.00 636 Alm-Stick 130. 1 PESO DEUDA NACIONAL-RE- PUBLICA DEL SALVADOR. Obverse: Black and blue w/ red serial number (top left). National shield w/sunburst. Reverse: Brown National shield in center w/legend "REPUBLICA DEL SALVA- DOR" around shield, 215x127mm, Abril 1° de 2877. Obverse has 3 black overprints. Very Fine, should realize in excess of 200.00+ 520.00 636 699 P14, 15 & 16, Banco Mercantil Y Agricola. Speci- men set. 3 notes. unsigned, undated, pre 1940, each has serial no and blank stub at left, Similar to Pick numbers listed, 10 Bolivares is orange & mul- ticolor w/herd of cattle in center, 20 Bolivares is green & multicolor w/harbor scene in center, 100 Bolivares is purple & multicolor w/woman and globe in center. A very rare set, CU 225.00+ 265.00 COLOMBIA 727 BANCO DE LA REPUBLICA-1, 2, 5, & 10 Pesos 188. ., Ber-Darg 42. 43. 44. & 45. Set of 4 notes as follows: 1 Peso-1 Dollar, black on green, mules on side of hill, bridge. locomotive & railcars, moun- tains in background; 2 Pesos-2 Dollars, black on green, locomotive exiting from mountain tunnel WHOLE NO. 55 Paper Money PAGE 17 in center, rev., Washington's portrait in oval frame in center; 5 pesos-5 Dollars, black on green, por- trait of Washington in oval in center; 10 Pesos-10 Dollars, black on green, portrait of Washington in oval lower left corner, portrait of woman in armor in lower right corner. An unusually attrac- tive and rare set depicting in its themes a president of the United States and trains, a very popular collecting subject. This is the only occasion we know of where a U.S. President is portrayed on a Latin American banknote. This might be a life- time opportunity for the serious and advanced notaphilic collector to obtain a set of this rarity, unusual characteristics and beauty. The set ranges in scale of rarity from R3 to R5 in the CATALOG OF PAPER MONEY OF COLOMBIA/PERU by Beresiner/ Dargent. Also note that the photo in their catalog is marked as a specimen note with serial no. of 000. The set we are offering is in fact a uniformly numbered set with serial no. 485. Set is uncirculated and should realize in excess of 500.00+ 1,200.00 U.S.-HUNGARIAN FUND 665 Hungarian Funds used in America 1862, EGY FOR- INT, uncut sheet of 4 notes, undated, Black on white, 3 standing women under denomination at left, seated woman w/ stone tablet at right, EF 13-20.00 16.50 MILITARY PAYMENT CERTIFICATES 668 Toy-Schwan 60. U. S. Military Payment Certificate, 5 Cents, Series 611, deep blue print, violet & green background, 110x55mm, Lot of 10 notes with con- secutive serial numbers, CU 20-30.00 24.00 669 Same as above but a lot of 50 notes w/consecutive serial numbers, CU 90-120.00 127.55 670 Toy-Schwan 61, U.S. Military Payment Certificate, 10 cents, green print, blue-green background, Lib- erty in profile, 110x55mm, Lot of 10 notes w/con- secutive serial numbers, CU 25-35.00 32.55 671 Same as above but a lot of 50 notes w/consecutive serial numbers, CU 100-150.00 143.00 672 Toy-Schwan 62, U.S. Military Payment Certificate, 25 cents, Series 611, light brown print, blue-green background, Liberty in profile, lllx56mm, CU 4-8.00 7.50 673 Toy-Schwan 63, U. S. Military Payment Certificate, 50 cents, Series 611, dark red, green, & yellow underprint, Liberty in profile, 110x54mm, CU 4-8.00 8.50 674 Toy-Schwan 64, U. S. Military Payment Certificate, One Dollar, Series 611, aqua blue, deep orange background, lllx67mm, Woman wearing tiara at left, CU 9-12.00 10.50 675 Toy-Schwan 67, U.S. Military Payment Certificate, 5 cents, purple, deep & light blue background. head of lady at left, lllx56mm, lot of 10 notes w/consecutive serial No. CU 4-6.00 5.00 676 Same as above but lot of 100 notes w/consecutive serial numbers, CU 40-55.00 24.00 677 Toy-Schwan 68, U.S. Military Payment Certificate, 10 cents, Series 641, green print, deep red numbers, red & blue-green background, head of lady at right, lot of 10 notes w/consecutive serial num- bers, CU 4-6.00 5.50 678 Same as lot # 677 but a lot of 100 notes w/consecu- tive serial numbers, CU 30-50.00 33.55 679 Toy-Schwan 69, U. S. Military Payment Certifi- cates, 25 cents, light red print, dark green numer- als, light blue-green background, 111x55mm. Lot of 10 notes, w/consecutive serial numbers, CU 5-10.00 5.50 680 Same as above but a lot of 50 notes w/consecutive serial numbers, CU 30-45.00 33.55 681 Toy-Schwan 70, U. S. Military Payment Certifi- cate, 50 cents, orange print, brown numerals, aqua background, woman's head at left, 111x55mm, lot of 10 notes w/consecutive serial numbers, CU 8-15.00 12.50 682 Same as above but a lot of 100 notes w/consecutive serial numbers, CU 100-150.00 110.00 cate, 5 Dollars, Series 661, blue on brown and red, woman standing in center, 137x67mm, Lot of 10 notes w/consecutive serial numbers Unc 55-75.00 55.00 683 Toy-Schwan 82, U. S. Military Payment Certifi- 5 cents, green on blue & aqua, blue, nuclear sub- marine above water at right, 111x55mm, lot of 10 notes w/consecutive serial numbers, CU 1-3.00 3.00 685 Toy-Schwan 85, U.S. Military Payment Certificate, 686 Same as above but a lot of 50 notes w/consecutive serial numbers, CU 8-15.00 12.00 687 Toy-Schwan 86, Military Payment Certificate, 10 cents, purple, aqua & dark blue, nuclear subma- rine above water at right, 110x57mm, lot of 10 notes w/consecutive serial numbers, CU 2-4.00 3.00 688 Same as above but a lot of 50 notes w/consecutive serial numbers, CU 10-20.00 10.00 689 Toy-Schwan 90, U. S. Military Payment Certificate, 5 Dollars, purple, light green, yellow & blue, sailor in center, 135x65mm, EF 4-8.00 7.50 690 Toy-Schwan 91, U. S. Military Payment Certificate, 10 Dollars, blue and tan, soldier w/rifle in center, silhouette of sentry at right and left, 155x65mm, EF 10-20.00 13.20 691 Toy-Schwan 92, U. S. Military Payment Certificate, 20 Dollars, Brown on pink & blue, portrait of sol- dier in center, 155x65mm. EF 20-30.00 21.75 692 Toy-Schwan 93, U. S. Military Payment Certificate, 5 cents, reddish brown, pink & tan, mythological figure w/war helmet sitting at left, 110x56mm. lot of 10 notes w/consecutive serial numbers, CU 3-5.00 5.50 693 Same as above but a lot of 50 notes w/consecutive serial numbers, CU 15-25.00 12.00 694 Toy-Schwan 94, U. S. Military Payment Certificate, 10 cents, Black numerals, blue border, orange & green background w/aqua vignette, mythological figure with war helmet sitting at left, 110x55mm, Lot of 10 notes w/consecutive serial numbers. Unc. 5-25.00 10.00 695 Same as above but a lot of 50 notes w/consecutive serial numbers, Unc. 20-40.00 38.00 Lester Merkin Sale of Sept. 11, 1974, New York, N. Y. The nation may be having economic trouble, but there was certainly no indication of it at the recent Lester Merkin auction, where many records were broken by wide margins. The recent trend toward buying choice and rare numismatic properties continued its frenzied pace, as there seemingly was no limit to bids on top material. An outstanding collection of fractional currency opened the sale, and it was soon apparent that most lots would go to the standing room-only floor, as lot after lot was knocked down for double or triple the opening bid, often at several times catalog. The accent was definitely on condition in the regular issue notes: a gem perforated edge 5c, lot 4, brought $105, over double catalog; lot 11, a second issue 5c, also a gem, sold for $62.50, nearly triple catalog. Ten-cent notes also did well: F-1247, a second issue note, sold for $80, fully four times catalog. A second issue 25c note surcharged S-18-63 realized $125, over four times catalogue. The ex- tremely rare 25c, F-1300 set a new record at $900. Third issue 50c notes did well, highlighted by the rare Allison and New F-1330 (missing one corner) at $1250. A record was also set by the Lincoln 50c, at $110, over double catalog. PACE 18 Paper Money WHOLE NO. 55 Specimen notes followed, and more records fell, particu- larly for superb items. First issue specimens did especi- ally well, as did the rare 15c Grant and Sherman essays. Lot 151, the 15c with engraved signatures and green re- verse, both exceptionally choice, went for $320. Shortly afterward, a new record for a fractional specimen was set when lot 177, a 50c, autographed by Allison and Spin- ner, as yet unlisted by Friedberg, went for $1100, eclips- ing the record set at the Rothert sale for the 15c no signatures. Lot 183 (F-1357a-SP) was a close challenger at $950, despite its low catalog value of only $200. The 50c specimen of the third issue, second type reverse, brought $550, as collectors wisely ignored its low catalog value of $50. The rare experimental pieces, lots 192, 193, and 194, brought $250, $200, and $325 respectively, over triple their most recent auction records. A unique first issue essay, not in the Crofoot Collection in the Smith- sonian, ended the specimen section, going for $900. Sheets and strips brought excellent prices, and the high prices for the vignettes and peripheral material evidenced the increasing knowledge and interest of collec- tors in this series. WORLD NEWS AND NOTES by M. Tiitus AFGHANISTAN has issued new 20 and 100 Afghanis notes. Both feature President Douad and the republic's seal on the front. Both are dated 1352 (19731 . The predominately blue and purple 20 Afs depicts the Kabul River flowing through the old city of Kabul on the back. The red, purple and light blue 100 Afs has the mosque of Herat. CHINA, Communist: 5 Jiao, 1972, 115x5Omm. Happy workers busy in a textile plant. HONG KONG, Mercantile Bank Limited: 100 Dollars, 158x88mm, dragon watermark. Predominant colors are red and multicolored. Panoramic aerial view of islands is featured on the front. A girl holding a shield with her left hand and a spear with a pennant in her right hand (Standing Liberty?) is on the back. HONG KONG, The Hongkong and Shan- ghai Banking Corporation: 100 Dollars, 160x89mm, lion head watermark. Predominant colors are red multi- colored. Coat of arms is on the front. Back includes a building, two lion statues, and a design or seal incorpo- rating a dragon. QATAR, The Qatar Monetary Agency: 1 Riyal, 141x6Omm, dark red multi- colored; 5 Riyals, 146x64mm, brown & multicolored; 10 Riyals, 151x- 65mm, green & multicolored; 100 Riyals, 162x70mm, olive green & multicolored; 500 Riyals, 167x73mm, bluish-grey & multicolored. All have falcon's head watermark. All fronts have complex Arabic artwork designs (all different). Backs, in above order, have: harbor; two modern buildings; a different modern building; still dif- ferent building; and a mosque. SPAIN: 1000 Pesetas, 17 Sep 1971, 153x94rnm. The green & multicolored note features Jose Echegaray's por- trait on the front and as the water- mark subject. The back is dominated by a building with a truncated corner you know, where the main entrance faces the corner of a block so the building looks good on the institu- tion's (Unido de Emision) logo. SWAZILAND, The Monetary Authority of Swaziland: (Further details) 1 Lilangeni, 2, 5, and 10 Emalangeni, all 1 50x69mm. The predominant colors of the four notes, respectively, are reddish-brown, pink, green, and blue. The fronts feature King Sob- huza II (75th birthday was on 22 July 74). At least the two lowest denominations feature ten topless na- tive chicks in "traditional" dress. Printed by Thomas De La Rue. This new currency is designated to be at par with the South African Rand. 1910 - Contemporary Comments on - Notes on Bank of England Notes From the April, 1910 issue of The Numismatist FI IHE custom of indorsing English bank notes, even when they pass in some trivial purchase, is a surprise to most Americans who go abroad for the first time. It is an old custom and one which has led to many curious inscriptions on the notes. A debtor in prison wrote on the back of a £10 note "The first debt I have honestly paid for a year," while a prodigal son turned the tables against himself when he wrote on £20 note "The last of thousands left by my father, who slaved to earn them." In 1759 the Bank of England began to issue £10 notes as well at £20, till then exclusively used. It was not till thirty years after that £5 notes were brought out and in 1797 there were £1 and £2 notes but they ceased in 1821 owing to the immense amount of forgery they led to, says the Queen. H u n d r e d s if not thousands were hanged for counterfeiting notes of such small sums. A curious bank note designed by Hone has prison chains across one end, is signed by Jack Ketch, a row of malefactors hanging with ropes around their necks appears on the face and a series of criminals' heads on the other side, together with the words "Until the resumption of cash payments or the abolition of the punishment by death." The "£" which in the corner usually preceded the amount and the value of the note was formed of rope. From April 5, 1829, the £5 note has been the lowest procurable from the Bank of England. Of late the desirability of once more issuing the £1 note has been discussed. In 1827 a £1,000 note was the highest, but £50,000 notes have been issued, and there is a story of a cer- taro tradesman keeping such a one by him as a curiosity, while a gentle- man framed one, which his executors promptly cashed at his death. There is a family tradition about the visit of a certain church functionary at a house, when some disputed point had to be settled by reference to the Bible, and the one belonging to the deceased mother was brought down from a shelf, dusty and unused, but within was found a note for £40,000. The Bank of England note of to- day has taken some time and many inventions to bring it to its present condition. The numbering machine was first employed in 1809 steel, plate engraving was supplanted by the siderographic machine, and that by electrotype s u r f a c e printing. The great aim is to prevent forgery, the paper employed being unique, and the water mark and private marks are all in favor of the banker.—New York Sun. WHOLE NO. 55 Paper Money PAGE 19 Federal. Reserve Corner THERE still have been no further reports of double printed faces on the $1 Federal Reserve Note. It is doubtful whether another example from the sheet which printed the St. Louis district note will be found. We now are finding an entirely new type of error. This is a faceless note, with only the overprinting to be seen. At least two sheets (16 notes each) were printed, but all have not been found or reported. These were COPE overprinted, and at least two half sheets were processed, in error. One note had serial L 99115310 C while another had L 98615306 C. Can anyone report other serial numbers, which are same endings as these two. .. or different ones to mean a third or more sheet was processed? The Series 1974 $1 Federals are reported from all districts except Minneapolis. The last two to show were Boston and St. Louis. To date there have been no star notes. although we will have some printed when the New York, Chicago, and San Francisco districts change to suffix "B" after the first 100 million "A" suffix are printed. On the Series 1974 we have two important changes that are worth noting. First, the serial numbers on the $1 have been turned hack to "1." and the face plates were also started back to "1." Whether all districts will be found with plate "1" is not known, and some could well be in very short supply. So obtain these inter- esting first plates when possible. The first printings were combinations of plates 1, 2, 3, 4. On the higher denominations, $5 up, we find the serial numbers continue with the next higher number from the last Ser 1969C serial. However, here again the face plates are changed back to "1." This is a new first with regard to the higher denominations, and it is understood that this procedure was initiated at the request of Treasury Secretary Simon. The higher denominations for Series 1974 are being printed and released. The $10 from Boston was the first to show, and since then there have been reports of some $20 and $50 notes, but no $5 as yet. All new items appearing in this series will be welcome additions to the current listing and will be reported here. Your re- ports are all needed, so please send them directly to me. Thanks for your continued cooperation. The 11th edition of the "Hewitt-Donlon Catalog of Small Size Paper Money" has been released. For those members unable to obtain it locally, or who may wish an autographed copy, I will be happy to supply it again at 82.25 postpaid. This offer is made solely because in so many localities this valuable guide is not available. NATHAN GOLDSTEIN II P. O. Box 36 Greenville, Miss. 38701 Grading U.S. Notes Paper money grading and condition description are always thorny problems for syngraphists. Recently Nathan Goldstein II gave his set of standards in his Coin World column "Paper Money Periscope." Briefly stated, these standards are (for U. S. government, not broken, bank notes) : "Uncirculated" or "New" (Unc.)—perfect condition with no marks or creases and with designs on both sides well centered (equally proportioned borders on all four sides). "AU" or "Almost Uncirculated"—perfectly clean note that shows some slight imperfection as evidence of some handling. "Extra" or "Extremely Fine" (EF)—similar in gen- eral appearance to upper two grades but with slight creases or folds in one or two corners that do not impair the design, and with no evidence of washing. "Very Fine"—an acceptable condition for circulated notes showing some wear which did not, however, result in cuts or tears. Pin holes may be present in older notes. "Fine"—lowest acceptable grade for all but scarce notes. Some stains, discoloration and creasing is very evident. "Good"—lowest acceptable grade for very scarce notes, showing heavy circulation, considerable stains, slight tears and numerous pin holes. *110 • 0 11111 0• Correction to the Article "Cyrus Durand - Inventive Genius" J. Sarton Is J. Saxton In the article of the above title by Craig J. Turner which appeared in the November 1974 PAPER MONEY, Whole No. 54, the author referred several times to "Joseph Sarton" as being on the staff of the U. S. Mint. This was an error in transcription. The correct spelling is Saxton. The error was pointed out by Eric Newman and N. M. Graver, both of whom referred to the Eckfeldt and DuBois Manual of Coins and Bullion of 1842. Mr. Graver added the following sidelight about Saxton. who designed scales and spent his career with the Philadelphia Mint and later the National Department of Weights and Measures in Washington, D. C.: "My special interest in photographic history recently drew me to the Pennsylvania Historical Society in Philadelphia, where America's oldest photograph is preserved. This same Saxton captured a view from the Mint window on a piece of polished coin silver plate in a cigar box camera fitted with a magnifying glass for a lens. This image, produced on Oct. 16, 1839, was not the first instance of Daguerre's process in America, but is now the oldest extant. (Newhall, B., The Daguerreo- type in America, N. Y. Graphic Society, 1961, p. 24)." PAGE 20 Paper Money WHOLE NO. 55 SPMC Bicentennial Feature Alexander Hamilton and the tnited States Treasury Warrant Number 1 By GENE HESSLER (.7,/ at -if-Arid of kw/ 7//: ---)4y ,,,Ainad. I efh e a Ae42/, aced C'et/c/,, -ewe YL-st aqiere/ 4 a; ni 4 // ;Xit-41/a-pr a- /lit ;r to-z.rie.ea.nce an gni4ettce-trern onati(7 e eitle; uvrfc; / aaif Of •--176.11 ////f,(/ /Zed al 6 //owl *a-it a,,a1 ..- , t.., k . ks. :.?,, - at:Lite/4,4' kerdtt,,7' Are 4:-...., t.' 1. "s- ,,\_\\‘' ,est.\.. /4;t/e-W/d a/cr7 7(,k///'4722/;11 ./1)?9 WHOLE NO. 55 Paper Money PAGE 21 An engraving of Hamilton by Chas. Burt, used on $20 U. S. Notes of 1869, 1875 and 1878. T HE financial genius of Alexander Hamilton might not have been displayed were it not for the lack of authority of the Continental Congress to levy taxes. The colonists were able to raise locally the small amounts necessary for public expenditures; however, as the intensity of the American Revolution increased, expenditures soared. To raise revenues, loans of all types were made, both domestic and foreign. Commencing in 1775, $241,552,780 in Continental Cur- rency was issued. By 1780, $4o of these notes could be redeemed for $1 in new Continental note. Counterfeit Continental notes made by the English only contributed to the depreciation of notes issued by the Continental Con- gress. A few of our states currently hold weekly and/or monthly lotteries in order to raise revenue. This might seem like an innovation for this country ; however, the Continental Congress held similar lotteries almost two hundred years ago. Unfortunately, this form of legitimate gambling didn't seem to help eliminate the debt created by the War for Independence. To rescue the new United States from the financial morass following the Revolution, our first President needed a Secretary of the Treasury who could put the nation on sound financial footing, someone who could find a solution to the following: a foreign debt of $11,710,000; a domestic debt of $27,383,000 plus interest ; and an unliquidated debt of $2,000,000. Following the Revolution, Alexander Hamilton proved himself extremely qualified in matters of finance. In 1784, he drafted the Act of Association of the Bank of New York, which would he chartered in 1791. In 1799, four years after he left office, Hamilton along with Aaron Burr would he instrumental in establishing the Manhattan Company, forerunner of The Chase Manhattan Bank. As we know, he recommended the founding of a national bank, and such a bank was established in 1791 under the name of The Bank of the United States. (This legendary bank is a story in itself.) The year 1791 was a busy one for Hamilton, as on January 21, as Secretary of the Trea- sury, he gave a monetary report to Congress, leading to the adoption of our present decimal system and the estab- lishment of a mint. Alexander Hamilton first came to George Washington's attention in 1776 as an artillery commander. At the age of twenty in 1777, Hamilton was promoted to lieutenant- colonel and was appointed Washington's aide-de-camp. So in 1789, with no money in the Treasury and a monumental debt outstanding, President Washington chose him as his Secretary of the Treasury. Almost immediately the new Secretary decided to nego- tiate a loan with the Bank of New York. An illustration of U. S. Treasury Warrant No. I, the first installment of $20,000 for the loan of $200,000, accompanies this article. The fires set by British torches during the War of 1812 destroyed many documents, including a listing of how the first installment was put to use. There is a record of an appropriation of $20,000 for Indian Treaties, so the first installment could have well been the money spent for this purpose. By making additional loans from the Bank of New York, Hamilton was able to erase all foreign and domestic debts incurred during the fight for freedom. Hamilton's philosophy concerning borrowing was that ". . . the creation of debt should always be accompanied with the means of extinguishment." Warrant No. 1, approximately 12 x 9 inches, a document which represents the rescue from what was most certainly considered an insurmountable debt and the first step toward the beginning of a sound U. S. financial system, is held by the Bank of New York. So when we handle a $io hill we should be thankful to the man whose image is seen thereon. And, if on occasion the ghost of Alexander Hamilton walks through the U. S. Treasury Building, and if he has any suggestions on how to cure inflation, I'm certain words from the financial genius should not he ignored. The small number in the lower right-hand corner of a Federal Reserve Note relates to the face plate from which a note was printed. This is referred to as the plate serial number. This number is assigned in sequen- tial order at the time the plate is manufactured. It can be used to determine the number of the press plate from which a particular note was printed. The letter pre- ceding the plate serial number is always the same as the letter in the upper left-hand corner. IV(VIVIC, i itnicsMiatittax, *7 +0 "'/"'"7::, D Eittytql littfisirLuttis, 1'1 t 11 (), 2-B D *., 1 2-B aricaiticia.vt.irtscpilrkasic aluvirir: ITE11) ST.1■11.1_1' PG7C'.':,CCD 2-B ,1■ EiNtAjj INCLIMMISAtitij /6 tanftRolime. idiorasac itescoalkattimr. micranrs , IrNITILa STATIMet, B90C44376D PAGE 22 Paper Money WHOLE NO. 55 SERIES OF 1914, FEDERAL RESERVE NOTES Additional Comments on Plate Varieties By ROBERT H. LLOYD ILLUSTRATED herewith, perhaps for the first time in detail, are the three varieties of plates to be found in the Series of 1914 Federal Reserve Notes. In the early editions of books on currency there is no mention of the differences in these plates. Now both the Donlon and Friedberg volumes list the known varieties but with little attempt to evaluate the separate issues. Notice that all three illustrated notes are found in the third block of the New York bank's FIVES. Collec- tors of blocks who would like a real challenge will find this series not too costly while containing many "sleepers." Due to their relatively plain appearance, the Federal Reserve Notes have never enjoyed the favor of collectors. Admittedly, the older series are much more colorful. The top note shows the usual design and positioning of the district symbol ( number-letter). Each quadrant of the face has either a large or small district symbol used to identify fragments sent in for redemption. This note is variety "a" in Friedberg. It was in issue until 1927 for most banks. The second variety, known as variety "b," seems to have been issued quite early in the series, then drops from sight. and reappears just before the end. The change is that the engravers, possibly sensing that the lower left corner was a bit crowded, used the smaller district symbol at lower left, as used also in the upper left and lower right. The third variety shows the greatest change, coming into circulation in 1928 and 1929. The writer called attention to this plate change in THE NUMISMATIST for August, 1928, page 462. Since this alteration occurred so late, only some 18 months before the release of the small-size currency, just five banks needed new plates at this time. This is variety "c" in Friedberg. It is generally accepted that this third variety is the scarcest, with the "b" variety coming next. A recent check of a dealer's stock at a bourse table showed only three of this variety in a stock of 35 notes. It is quite likely, with the coming of the smaller notes and the financial recession of 1929, that very few of this last variety were put aside by collectors. And possibly many of those that had been saved were spent during the depression years that followed. Certain it is that very few crisp notes are in hands of dealers today. Those large notes in circulation after July 10, 1929, were supposed to be allowed to "wear out" in daily use before being retired. Actually they did not; the retire- ment of large currency notes took place very rapidly. Doubtless many very fine and crisp notes were returned by banks for cancellation. We are indebted to Mr. Thomas C. Bain for bringing further attention to this change in THE NUMISMATIST for December, 1958, page 1487. Mr. Bain's informa- tive article gives the approximate dates of issue for the three varieties of the White-Mellon issue. Besides mentioning the smaller number of banks that issued the later varieties, Mr. Bain shows the need for further study if we are to determine the relative scarcity of the notes. The small district symbol found on the White-Mellon "b" variety in the lower left hand corner is mentioned by Mr. Bain as being shown on the $20 note illustrated on page 112 of Paper Money of the United States by Robert Friedberg. This seems to be the only illustra- tion of the "b" variety in current publications. Inci- dentally, Friedberg's illustration of the Federal Reserve Bank Note of the Series of 1915 shows the use of the small district symbol in all four quadrants of the note. It is this variety "b" that poses very interesting questions. According to Friedberg it was widely used on the Series of 1914 in their first appearance with red seals. ( See catalog numbers 832 to 843 on page 129, 6th Edition of Paper Money of the United States.) The variety "b" is listed for all banks except Richmond, Atlanta and Minneapolis. When it comes to the blue seal issues released after May 9, 1915, there are no variety "b" notes listed for Burke-McAdoo, Burke-Glass or Burke-Houston issues. But with White-Mellon issues. the "b" variety reappears for all banks except Atlanta and Minneapolis. White & Mellon Totals 10 5 6 5 7 4 2 0 0 0 25 14 84 80 77 69 68 378 WHOLE NO. 55 Paper Money PAGE 23 The detail of these varieties are shown in the table: SERIES OF 1914, FEDERAL RESERVE NOTES NUMBERS OF BANKS ISSUING THE "a-b-c" VARIETIES (Presently known) Den. $5 Red Seals Burke & McAdoo Blue Seal Burke & McAdoo Burke & Glass Burke & Houston 12 9 12 12 12 12 10 12 9 12 12 12 12 20 12 6 12 12 12 12 50 12 7 12 12 12 12 100 12 8 12 12 12 12 60 39 60 60( ?■ 60 60 ( 7) Two persons expressed doubt that a full set of this issue could be assembled today. The writer feels it is almost incredible that the Bureau of Engraving and Printing, making such wide use of the "h" variety in 1914 and 1915, made no further plates in this style until 1927, a span of about 12 years. Two questions might be posed at this point: First - Did the Bureau stop the use of "b" variety plates as soon as the use of blue seals was contemplated? Second - Did the Bureau find that all of the plates of "b" variety used to print the red seal notes were worn and unfit on May 9, 1915, so that all were scrapped, and any existing printed stock from these plates was de- stroyed, not to be used thereafter? From the catalog listings. the answer to the first question would appear to be "yes." This is open to a reasonable doubt. Blue seal issues from "b" variety plates are "suspect." The writer thinks that the answer to the second ques- tion could likely be "no." Close examination of the blue seal issues from 1915 to 1921 could possibly re- sult in "new" listings. Knowing the economy that is practiced in the Treasury Department (one of the few Departments that really tries! ), it seems not unreason- able to believe that some of the "b" plates used in 1915 could have made stock to be overprinted with blue seals in the Burke-McAdoo series. However, if it can be shown that the "b" variety plates were the first to be used in printing the red seals, and the "a" plates fol- lowed, then we may safely assume all of the blue seal issues came from "a" plates. This would mean some correcting in the catalog. An intensive study of the plate numbers would help. The writer recommends that close attention be given to all "Burke" issues. The finding of one note of "b" variety issued after May 9, 1915 and before June 2, 1921 would be a sure indication that "Burke" blue seals exist on these plates. This bit of research could be as interesting and re- warding as the recent excellent work done on the National Bank Notes by authors Huntoon, Slabaugh and Van Belkum. REFERENCES: The Numismatist, Dec. 1958, p. 1487, Thos. C. Bain, "Federal Reserve Notes, 1914 Series." Excellent article on the "a-b-c" varieties, White-Mellon notes. Paper Money of the United States, R. Friedberg, 6th Edition, Pp. 129-134. United States Paper Currency, W. P. Donlon, Federal Reserve Notes. The Numismatist, Aug. 1928, p. 462, author's announce- ment, Variety "c". Machine Readable Paper Money According to World Coins magazine, August 1974 issue, automated money handling systems to feature machine readable paper money are to be designed and produced by American Bank Note-Security Systems, Inc., 60% owned by the American Bank Note Co., subsidiary of the New York-based International Bank Note Co. The remaining 40% of the firm will be held by Inter- national Security Systems S.A., Luxembourg; Giesecke & Devrient G.m.b.H., Munich; Gesellschaft far Automa- tion Organization G.m.b.H., Munich; Security Printing S.A., Glarus, Switzerland; and Papierfabrik Louisenthal G.m.b.H., Tegernsee, Germany. Primary customer for the automated notes will be the Bundesbank, central bank of West Germany. (Giesecke & Devrient, one of the group, is an old-line security printing firm, at one time headquartered in Leipzig, which has produced many postage stamps, particularly in the early days of stamps.) In Review Derzhawni Hr•shi Ukrainy 1917-1920 Rokiw (Paper Money of the Ukraine, 1917-20), by Mykola Hnatyshak, with a catalog and supplement by Stepan Kikta. Ukrainian Museum-Archives, Inc., Cleveland, 1973 (4176 Spring Crest Dr., Brooklyn, OH 44144), 356 pp. Illus., Map. Card cover, $8.00 (with English and German summaries.) The first part of this important reference work on Ukrainian paper money is a reconstruction of Prof. Hnatyshak's proposed book which was to have been published in 1928. Circumstances prevented the publica- tion of the book at that time, and the manuscript was later lost. The Ukrainian Museum-Archives has finally brought to the public Prof. Hnatyshak's reconstructed manuscript. It is further enhanced by the additional material and catalog compiled by the editor, Stepan Kikta, who provides a detailed catalog of Ukrainian paper money, the first of its kind. Prof. Hnatyshak presents a monograph on the money of the independent Ukrainian Republic and Monarchy of the years 1917-1920. A history of the governments in the Ukraine, monetary systems, printing and nomenclature of the banknotes, forgeries and copies provided by the enemies of the independent Ukraine are discussed. The author gives a detailed description of each banknote, and further describes postagestamp coinsubstitutes on which is printed on the ungummed reverses "Circulates in lieu of coins" in Ukrainian. Mr. Kikta provides further valuable information on financial policies, artists and designers of the banknotes, the history of numismatics in the Ukraine, postage stamps of independent Ukrainia and coins which have circulated within the ethnological borders of the Ukraine. The book is illustrated with a complete collection of Ukrainian banknotes, including those issued under Nazi occupation, stamps, and some other printed Ukrainian- related papers. A bibliography and an index is provided. Stepan Kikta's "Specialized Catalog of Paper Money of Ukraine, 1917-1920," which can be purchased separately for $1.50, is presented on 20 separately numbered pages in English, German and Ukrainian. The book should be well received despite the Ukrainian text. PATRICK D. Ho 3AN PAGE 24 Paper Money WHOLE NO. 55 An Impeachment Era Satirical Note "UNITED SHARPERS" By HARRY G. WIGINGTON 7,10R the second time in the history of our nation, we have experienced the trauma of a Presidential impeachment crisis. Most Americans know little of Andrew Johnson, the first President involved, his fight for political life, and the events before and after his impeachment trial. However, Americans and the world know well the events which have occurred in the past 18 months. History did not see another full impeach- ment, but for the second time in 200 years, our Consti- tution has been put to a severe test. Students of post-CiVil War history know well the turbulent times which immediately followed that conflict. The South was crushed and had neither the direction nor the wherewithal to pull itself up again. Lincoln's assassination was a deathblow for the already downed South. He had cherished no ill-feelings for the Southern States. His only desire had been to preserve the Union and make a lasting peace. Lincoln had his own plan for reconstruction for the South, but his untimely death brought its termination. His successor, Vice-President Andrew Johnson, had a plan of his own, which, briefly stated, embraced the following: Provisional governors were appointed and instructed to call conventions to amend the State con- stitutions. Only white citizens could vote for delegates to the convention. but any man who had held office before the war and afterwards served the Confederacy was disfranchised from the convention. After the con- vention met, they were required to do three things: First, to repeal the ordinances of secession; second, to abolish slavery in the State: third, to repudiate forever all debts incurred in carrying on the war. This was quickly done in each State, after which officials and legislatures were elected. The legislatures met, ratifing the Thirteenth Amendment. Congress met in December, 1865, and refused to recognize the President's reconstruction plan. It claimed that in dealing with the Confederate States during the war, it had recognized them as being out of the Union. Now they were not States but territories conquered by the armies of the United States and subject to the control of the Congress only. The State governments which President Johnson had organized were permitted to continue: but the names of these States were left off the rolls of Congress and their Senators and Represen- tatives refused admission. Congress passed the Four- teenth Amendment, which gave the Negroes the right to vote and denied this right to a large section of Southern whites. The President vetoed this and other hills relat- ing to the South, but the Congress overrode his veto. Southern States were required to ratify this amendment in order to be readmitted to the Union. Tennessee ratified it and was readmitted; however, ten other Southern States refused to ratify. Congress then passed the Reconstruction Act in March, 1867. This Act divided the South into five military districts. Each district was under the command of a Federal general. Another convention was held in each State, at which Negroes were given the right to vote for delegates and to sit as members. As constitutions were drawn up, found acceptable, and the conventions ratified the Fourteenth Amendment, the States were readmitted. The commanding generals of the districts removed the governors and other officials of the States, appointing Army officers to fill their posts, and held elections. To assist the generals, the Bureau of Freedmen, Refugees, and Abandoned Lands, commonly called the Freedman's Bureau, was placed at their disposal. A large number of agents, taken from commissaries' and quartermasters' departments of the Federal army, were brought South, filling posts in various county Bureaus. These individuals were largely responsible for the ensuing troubles in the reconstruction period. They came South with nothing more than the clothes on their backs and a carpet traveling bag. Many became rich quickly, imposing heavy taxes and burdens on the citizens they represented. For this reason, these individuals became known as "carpetbaggers." In seven states, North Carolina, South Carolina, Georgia, Florida, Alabama, Louisiana and Arkansas, carpetbag legislatures ratified the Fourteenth Amendment and those States were readmitted. How- ever, in Virginia, Texas, and Mississippi the new con- stitutions were rejected by popular vote. All political acts of Congress had been bitterly opposed and promptly vetoed by President Johnson. Congress. with equal promptness, passed each act over his veto. The President made a tour throughout the northern states, delivering public speeches in strong tones, in which he denounced Congress, stating that it was not a true Congress. One of his greatest complaints was that Congress had refused to admit the representatives from ten States. When Congress met, fearing that the President would prevent the carrying out of the re- construction laws, it passed certain acts to limit his power. One which brought matters to a head was the Tenure of Office Act, which prohibited the President from removing a member of his cabinet or any official whose appointment had been confirmed by Congress. In violation of this act, the President removed from office Edwin M. Stanton, Secretary of War, and was impeached by Congress for high crimes and misde- meanors. He was tried before the Senate and acquitted on May 26, 1868. Another act of Congress intended to limit his power to grant pardons by general proclamation. Notwithstand- ing this, on December, 25, 1868, President Johnson is- sued a general amnesty proclamation, granting pardon to all who had taken part on the side of the Confederacy during the war. The illustrated note ties in directly with reconstruction, impeachment, Freedman's Bureau. pardons, vetoes. and the general corruption of this period. I suspect that the Union general pictured was probably the military governor of one of the five military districts, and this note originated from that area. However, it does bear a resemblance to General Benjamin F. Butler, known in the South "affectionally" as "Beast Butler." Butler was a principal organizer in the House of Represen- tatives of the Republican impeachment attempt. On the WHOLE NO. 55 Paper Money PAGE 25 Fantasy satirical note (obverse) referring to impeachment issues. Reverse of satirical note with reference to "A. Tailor." reverse of this satirical note. reference is made to President Johnson in stating, "Counterfeiting or altering this note is vetoed by a tailor." Johnson had been a tailor in Tennesse prior his political career. CONFEDERATE TREASU he was obliged to have a perfect knowledge of the legisla- tion of the Congress, especially of the appropriations of the public funds made by the enactments of that body. All requisitions made upon the Treasury, and even war- rants approved by the Comptroller and sanctioned by the Secretary of the Treasury, were subject to his review be- fore being paid. Secretary Memminger often called him in consultation, and had a very high estimate of his opin- ions. Indeed, there was much in the character of these two men that made them congenial. Both had been trained in legitimate financial methods, possessing a high sense of personal honor, and neither would descend to the level of an unscrupulous manipulator of artificial values. The conservative methods of these financial representa- tives of the Confederate Government are plainly evidenced in the supplementary recommendations of Secretary Meniminger, and Treasurer Elmore's exhibits which ac- companied the messages of President Davis to the Con- federate Congress. In the fall of 1861, Baron Erlanger, the financial agent of the Confederacy at Paris, paid a visit to Richmond to confer with Secretary Memminger, and through him with President Jefferson Davis, in regard to negotiating Con- federate bonds in the financial centers of Europe. The Baron made a minute examination of Mr. Elmore's office, particularly his system of checks and balances, expressing his highest commendation. Before returning to his The only item on the note I haven't been able to associate at this point is the "4-11-44" reference. How- ever, the note certainly illustrates the feeling that must have been running high among the people. banking office in Paris he addressed a note to Mr. Elmore, through Secretary Memminger, in which he offered him a position in his Paris office, WITH A SALARY IN GOLD, MORE THAN THREE TIMES THE AMOUNT HE WAS RECEIVING IN CONFEDERATE NOTES. After considering the Baron's tempting offer Mr. Elmore declined it, stating in his letter to Secretary Memminger that if his services were as valuable as the Baron was pleased to estimate them, he considered it his duty to render them to his struggling country. Before filing this letter Secretary Memminger wrote on the back of it "A TRUE PATRIOT." The family and descendants, who furnish a good deal of the material for this sketch, take the greatest pride in recalling this incident, as well they may. Few men have lived who placed a higher estimate on personal honor than Edward C. Elmore and no one was ever readier to defend this honor when assailed. Some now living can recall the severe and envenomed criticisms of the administration of President Jefferson Davis by Mr. Daniels, editor of the Richmond Examiner. As long as these did not assume the form of personal attacks, they were suffered by the officials of the Government. Either encouraged by this great forbearance, or by an enemy of the Confederate cause, Mr. Daniels at last singled out Mr. (Continued on Page 34) RER—Continued from Page 12 NON .TRANSF5RABLE - RATION CHECK - THE UNITED STATE S OF AMERICA OFFICE OF PRICE ADMINISTRATION CHECK No TRANSFER TO THE SUGAR RATION BANK ACCOUNT OF BANK OF WOODLAND NATIONAL ASSOCIATION FR - 12 WOODLAND, CALIFORNIA 90.320 DATE 194 AMOUNTiNFIGUNCS (NAME or a LLLLL) POUNDS OF SUGAR I AMOUNT IN WORDS) IFIReNT OR TV•R Nor 6 OF YOUR ACCOUNT ) ORIRRO G Nei Gochise qoot 8,01 T"btnbstoiie, 4tizolik i,4/totqg ordet oft_skAA,ri, Delobig 8&T)k ti ewYork, 11,Y: I PAGE 26 Paper Money WHOLE NO. 55 Brent Hughes' "Chats About Checks" One of the fascinating aspects of check collecting is the wide range of interesting items that continually show up. Unusual designs, amounts, restrictions, autographs, paper and a host of other factors make the finding of a hoard an exciting adventure. Many people are unaware that a check does not have to be payable in money at all as illustrated by this Ration Check, "payable" in sugar, from World War II. Originated by the Office of Price Administration, these checks were used to transfer points in various goods from one account to another. There were also checks for gasoline, coffee, processed foods, meat, fats. fish, cheese and possibly others. A rich silver strike led to the establishment of the town of Tombstone, Arizona. Two years later it had a population of 7,000 which kept 100 saloons going full blast. The town's reputation for wickedness was such that Virgil Earp felt it necessary to bring in his brother Wyatt from Dodge City, Kansas to help establish some semblance of order. Climax of the effort was the West's biggest shoot-out, known to history as the "Battle of the 0. K. Corral." The fight occurred on October 26, 1881 when the three Earp brothers, Virgil, Wyatt and Morgan, teamed with "Doc" Holliday, gambler and gun-fighter, and tangled with the Clantons and McLowrys at the town livery stable. When the smoke cleared, Billy Clanton and two McLowrys were dead and almost every- body else was wounded. The town residents did not care for such activity by the Earps and eventually sent them pack- ing. Until the mines became unprofitable, the town prospered. At one time it had five newspapers including the famous Epitaph, and quite a few banking house including the Cochise County Bank which issued the check shown here. The unusual type-face used is interesting to check collectors who enjoy finding such items which recall the colorful past of Tombstone, "the town too tough to die." 4Sixteen NATIONAL BANKS Limited First Printing AND THE MINING CAMPS THAT SIRED THEM By M. OWEN WARNS Foreword by GLENN B. SMEDLEY THE DAYTON, SUTRO & CARSON VALLEY R. R. 404 Pages 455 Photos "THE JOE DOUGLASS" The town of Sutro was located at the portal of the Sutro Tunnel. Passing thru it was a short-line oper- ated railroad that consisted of a horse pulling a gondola car on a 3-foot narrow gauge track; it was estab- lished in 1869. Twelve years later 2 locomotives and a dozen gondola cars were added. Shortly thereafter the owner moved to California, taking the railstock with him and selling what was left to Joe Douglass in 1882, who in turn acquired a cheese box-like "dinky" locomotive whose engineer's cabin appeared to be twice the size of the boiler, and named it after himself, the "JOE DOUGLASS." At the same time the railroad became known as the Dayton, Sutro & Carson Valley R.R. The road was abandoned in 1896 as a result of the slowdown in the Comstock's ore production. It is estimated this railroad made some 50,000 trips during its 27-year span of operation thru the Carson River valley (6 trips a day) which could be considered quite an accomplishment for a railroad that started out "engineless" and with a single gondola car. One could safely remark without fear of contradiction, that it was indeed a remarkable "one- horse" operation! S.P.M.C. MEMBERS ONLY $15.00- SAVE $2.50 (PRICE TO NON-MEMBERS $17.50) Mail Your Check To M. O. WARNS Publication Fund POST OFFICE BOX 1840, MILWAUKEE, WIS. 53201 PACE 28 Paper Money WHOLE NO. 55 Paper Money Pioneer D. C. Wismer By RICHARD T. HOOBER 0 most of us working on the obsolete note proj- ect to update the monumental task started by D. C. Wismer many years ago, his name is some- thing of a mystery, surrounded by legend. To a very few of us, who knew him personally as a regular attendant at the Philadelphia Coin Club meetings for more than ten years, he was a man always eager to share his knowledge with others through his many addresses to the club and his writings. One talk given before the club membership was published in the May, 1939, issue of The Numismatist, which recounted his many experiences with coin and note collecting from the time he displayed an active interest about 1885. David Cassel Wismer was born in Hilltown Town- ship, Bucks County, Pennsylvania March 25, 1857, the youngest of seven children. He was educated in a small country school and then worked at his brother Jacob's country store in Silverdale. He later returned to his father's farm, which was then owned by another brother, Joel. On September 19, 1878, he married Annie R. Roberts, and located at West Point, Pennsylvania, where he learned the machinist trade. He was instrumental in organizing the West Point Public Library. contributing generously his time, money and books. After the Blizzard of '88, he moved to Quakertown, where he started a machine and repair shop of his own, and where he gradually became in- volved in numismatics. Following a few other moves, he settled finally in Hatfield, Pennsylvania in 1919. The Wismer marriage was blessed with seven children, of which Mrs. Edward F. Osmun was the youngest, and who resided with him until his death, May 31, 1949. The accompanying picture was taken outside a coin shop, on a Philadelphia street, in the autumn of 1939; he was then aged 82 years. During the American Numismatic Association Con- vention held in Philadelphia, in 1941, Mr. Wismer was elected to Honorary Membership No. 36 for having compiled his "Descriptive List of Obsolete Paper Money," state by state, which had appeared serially in The Numismatist from the June, 1922 issue. concluding in 1943. He was an enthusiastic collector of paper money for more than 51 years. S our SPMC-sponsored obsolete note project con- tinues to expand, those of our members who are working so diligently in this great effort must come to the realization that the listing of approximately 20,000 notes (excluding private scrip, which he did not include), together with their descriptions, was truly an outstanding contribution in this area of research. A man of rather modest means, he had no thought of per- sonal gain for his labors. Although he was interested in stamps. coins and books, he was especially fond of the old bank notes. Dealers would set aside in a cigar box such notes as might come their way, awaiting Mr. Wismer's visit. They were always glad to dispose of the unwanted notes at five or ten cents each. Almost without fail, D. C. would know at a glance whether or not he had ever seen a similar note, when such would be shown for his examination, and was often compli- mented by his friends on his remarkable ability right up to his final illness. He was always quick to correct the use of the term "broken bank notes." In a letter to a correspondent, he wrote, "I have some bank notes to ofter but none are broken. Some are torn and ragged. If you want bank notes, say bank note! There are only hank notes and scrip in my collection. In order to give you an under- standing of some of the Civil War scrip notes, I am sending you one unsigned, that Joshua Fiero, Jr., used at Catskill, New York, when he needed it for change, on the Tanner's Bank. It was a check they would pay a man if he would present sufficient number of them amounting to $5.00. Thus, his account would be charged by the bank, just as with any other check. The fact of the Tanner's Bank being willing to pay them gave the scrip a local currency. Do you understand? You may keep the Joseph Fiero, Jr., scrip note with my compliments." Use of the word "broken" came into rather broad usage when some banking groups, such as the Suffolk Bank and it affiliates. would stamp on a note the words, "broken bank note," denoting that the bank had closed. Some thoroughly good notes were also stamped in this manner in an effort to denigrate the currency of competitors! In September, 1948, he and Mrs. Wismer, then 88 years of age, celebrated their seventieth wedding anniver- sary. The family, including four great-grandchildren and many friends helped to celebrate the occasion. He was truly a friend to all who knew him. OF SOCIETY PAPER MONEY COLLECTORS INC. WHOLE NO. 55 Paper Money PAGE 29 SPMC Chronicle IS A MEMBER FOR THE YEAR 19 ,110011 No. NEW MEMBERSHIP CARD If you have paid your 1975 dues, you have probably received your new membership card by now. This card was printed for us by the American Bank Note Company. In the rosette at the left is the year in which the Society was founded, 1961. In order to see the date hold the card just below your eye level and rotate the card slowly. It is easier to see in sunlight. This is a type of security printing known as a "latent image." We are probably the only organization in the world with this on our membership cards. We are indebted to our president, J. Roy Pennell, Jr., for arranging with the American Bank Note Co. to furnish these engraved cards to the society. Don't you want one of these new membership cards? In case you have not yet mailed in your dues for 1975, may I suggest that you do so now. Mail your check for $8.00, along with your renewal notice. to our Treasurer, M. 0. Warns, P. 0. Box 1840, Milwaukee, Wis. 53201. Your cooperation in payment of dues, or in letting the Secretary know if you are not going to renew your membership, will be appreciated. VERNON L. BROWN, Secretary In Memoriam C. J. Affleck On September 21, 1974, shortly after he was pictured in PAPER MONEY receiving the Numismatic Ambassador Award, Charles J. Affleck passed away at the age of 82 years. Best known for his two-volume work on the paper money of Virginia, he found great fulfillment in his retirement years by researching the philatelic and numismatic issues of the Confederacy and his native state. He received the Nathan Gold award for his Vir- ginia catalog. In addition, he was a driving force in the development of the Virginia Numismatic Associa- tion. Membership Participation Column SYNGRAPH I-CHAT Lack of Interest in Exhibiting Obsoletes At the last two ANA conventions in which I exhibited the lack of entries in the obsolete currency category has made me wonder why there have not been more competi- tive exhibits in this class. I was not able to attend the convention in New Orleans so I don't know how many were entered there. I do know that at Boston in 1972 and Bal Harbour in 1974 there were only two. Could it be that collectors of this type of material are not proud of their collections or that they lack the competitive spirit to exhibit? Admittedly, putting an exhibit together re- quires a lot of hard work and some imagination. How- ever, I have found that in researching the material for my exhibit the added knowledge acquired has been worth every minute of the time spent. All of this pays off when you win your initial award, and that doesn't have to be a first place to make you feel it was all worthwhile. It is only through competition that you can learn what goes into the making of a successful exhibit. The remarks some judges put on the score sheets are a big help (but not enough of the judges take the time to do this and that is one of my pet gripes). Observe from other exhibits how color is used and get your imagination going as to arrangement and design, but most of all get a good de- scriptive title and use all the information you can to make your exhibit understood by the viewer, be he a syngraphist or a novice. These last two elements are most important. Why not get the ultimate enjoyment from the collection that you have spent so much time and money on by ex- hibiting it so that others can enjoy it also? My exhibit of Colonial notes and Continental currency has rewarded me with many enjoyable hours in my retirement in re- searching and planning. I sincerely hope this letter will stimulate more interest in the exhibit phase of syn- graphics, thereby creating more healthy competition. THOMAS J. FITZGERALD I would have to agree with my friend from Florida, Toni Fitzgerald, when he mentions the fact that too few collectors exhibit in the obsolete and colonial money categories. From my own experience I find perhaps one or possibly two entries at any given show, but most of the time no entries at all. This is a shame, as the sub- ject matter alone makes for such an interesting exhibit. Perhaps I am biased in my opinion but I specialize in obsolete currency and find it the most interesting and educational segment of syngraphics. Could it be that most collectors think that an obsolete currency exhibit could not stand the test next to the other coin and paper money exhibits? I have proved that wrong time and again, most recently at the New England Numismatic Association Convention in Worcester, Mass. last October, where my exhibit of obsolete notes won the best of show honors. I think it is time for us collectors to reevaluate the possibilities in this field. Let's give those judges and the public something better to look at than silver dollars and foreign gold coins. Let's get out there and show them a syngraphic history of America as depicted on our paper money of the 1800s. Yes, let's show them the educational and aesthetic impact of an exhibit that could easily stand up to that of any coin exhibit. C. JOHN FERRERI .-ING2AZGQI_IEY 4 cpastMONOW . H241g 4 CEMBECIEMM Z'tie 4.xxotztalt,,Hussa; kt{:f71:44,41q4, ,,,1 -264191.5 --'41111 UM STATES OFINERICA .2.1111:61P01,4011.00.1..54 *01-'144--'411-*A lame‘1Zaltnte±33MP '4'11;:wir 4)(!?.A.1("1:tief; //,/ ,// 7/./ t;4%., 1323 1,malitzawmugor20.....r--kr,c<aok+x Very scarce Arizona National found by Frank. PAGE 30 Paper Money WHOLE NO. 55 Get To Know FRANK NOWAK, SPMC 933 By PETER HUNTOON Frank Nowak F RANK NOWAK of Prescott, Arizona, is one of the leading currency dealers in the country. He is full-time currency and deals in all aspects of the field, especially types and Nationals. I have known Frank for several years now and feel that he deserves recognition as a personable seller who combines integrity with good business practice. Frank is a native Califorian who received his Bache- lor's degree from the California Institute of Technology in mechanical engineering. He went to work for the Mc- Donnell-Douglas Corporation, but shortly his interests in being his own boss and currency started pulling him from the corporate life. Frank's interest in paper started with stamps, which he began collecting in 1944 as a youngster. When he discovered large-size paper money, the engravings he saw put stamps to shame, so he sold his stamp collection in 1963 and started on paper. His early collection in paper was mostly taken from circulation at face, but soon the bug bit. He found him- self spending four dollars on a note from Bill Donlon and he was launched as a believer. He bought many of his notes throught the mail because the coin shops in Los Angeles rarely carried paper. Soon he found him- self bidding on currency in auctions. His salary at McDonnell-Douglas was "puttering along," which limited his ability to add to his growing collection, so he decided to do a little dealing to subsidize his collection. He had used this method to support his stamp collection, so why not currency? His first price list appeared in 1967 and was a total flop, netting no sales. This initial disappointment didn't discourage Frank, and his second list appeared a few months later. This was a modest success so he pursued paper dealing and started attending shows. By late 1968, he ventured into his first bourse table. Luck was with him. He made several good buys and it was Arizona Territorial on Frank's home town that he got via a safe deposit box in Chicago. getting hard for his occasional mail lists not to be a success! In January, 1969, disaster struck. Frank returned home to his apartment to find the door on his safe peeled and his $4000 type note collection stolen. Only half of the loss was covered by insurance. Fortunately, his dealer's stock was, even then, stored in a safe deposit box. The loss hurt, but before the burglary Frank had started to toy with selling the collection so that he could become a full-fledged dealer. He had realized that deal- ing would allow him to enjoy, if only for a short time, a wider variety and larger number of notes Anyway. his desire for notes had exceeded his pocketbook. The burglary accomplished four things: (11 Frank changed his address to a post office box, (2) he changed the name of his firm to The Vault, (3) he resolved to keep all his notes in a safe deposit box and has faithfully followed through with that, and (4) he decided to become a dealer rather than a collector. The robbery did not dull his interest in the slightest. By 1970, Frank's mail order business in currency was becoming quite demanding on his time as well as pro- viding a sizable portion of his income. Consequently. WHOLE NO. 55 Paper Money PAGE 31 in April he left McDonnell-Douglas and went full-time into paper. His income took an initial steep dive but he reasoned if he were to get ulcers, at least they would be due to working for himself and not for someone else. His confidence in his new venture was so great that he didn't hesitate to marry his charming wife Pat in June, 1970. With his mail order business in paper, Frank realized that he was no longer tied to "smogsville." He aban- doned the hectic pace of Los Angeles and moved to the whispering pines of Prescott, Arizona. This year he finished contracting his own new home in Prescott and is enjoying it with his wife and two-year-old son. When I visited him last year, he was getting ready to move into the house. He mentioned that when his work is done each day, he looks forward to landscaping or driving out a few miles to pan for gold. One of Frank's most interesting exploits was in 1962 and 1963 when he took a leave from McDonnell-Douglas and pitted himself against the gambling houses in Nevada. He made a good living as a professional black- jack gambler against the houses. Unfortunately, he be- came well known among casino personnel and was barred from playing in several casinos. Frank's pursuit of paper money has been anything but a gamble. His industry has netted him some truly great notes both in Nationals and type notes. Shown are a couple Arizona notes he managed to land over the years. Among collectors and dealers alike, Frank has a reputation for digging out virgin material from the weeds unmatched in the Southwest. He travels exten- sively in his quest for stock. A fellow like this is a true asset to our field. Library Notes By WENDELL WOLKA, Librarian P. 0. Box 366, Hinsdale, IL 60521 US75 Muscalus, Dr. John A. Transportation Currency: M8b Bank Notes & Scrip Representative of Forty- Five Varieties of Transportation Companies. 1777-1900's. 19pp. Illus. 1974. (Gift of Author) Another of Dr. Muscalus' interesting booklets. This one covers notes and scrip issued by 45 different types of transportation and transportation supply companies. All notes are illustrated, including some rare ones. US75 Muscalus, Dr. John A. Jackson Portraits and 11,18n the Battle of New Orleans on State Bank Notes. llpp. Illus. 1974. (Gift of Author) This work gives a brief biography of Andrew Jackson and then illustrates obsolete notes which contain vignettes of Jackson as well as the famous Battle of New Orleans. Other drawings and paintings are also illustrated. US75 Muscalus, Dr. John A. Paper Money of the M8a Four-Dollar Denomination. 19pp. Illus. (Gift of Author) This album illustrates and prices 52 different $4 obsolete notes from various states. UA50 Lawrence, Jimmie N. The Foreign Paper Money LS Story and Encyclopedia. 72pp. Illus. (Gift of Author). A collection of facts, stories, charts, illustrations, and general information about world paper money. Inter- esting reading! VA70 Erickson, Erling A. Banking in Frontier Iowa E8 1836-1865. 183pp. Illus. This engaging book details the struggles of Iowa to come up with a satisfactory solution to the question of banking in the wild and wooly 1830s, 40s, 50s, and 60s. With numerous illustrations, this book makes educational and entertaining reading. A veritable trea- sure chest for you Iowa collectors! REGULAR ADDITIONS Paper Money, July, September, 1974 The Check List, April, 1974 ANA Club Bulletin. July, August-September, October, 1974 Essay-Proof Journal. Summer, 1974 Canadian Paper Money Journal. July, October, 1974 The Numismatist. August, September, October, November, 1974 Especially for Overseas Members and Specialists in World Currency There's no denying that SPMC began as an organiza- tion of collectors interested primarily in all facets of U. S. paper currency and continues as the dominant society in this area. However, over the past decade. many members have broadened their horizons to include what used to be called "foreign" paper money, or more properly, "world" paper currency. They have been joined by new recruits who collect world only, to the exclusion of U. S. material, among whom are many resi- dents overseas. Naturally, it is our aim to serve this group of mem- bers with meaningful articles and reports, but for some reason we are not succeeding as well as we would like. It seems that numismatic correspondents in other coun- tries simply overlook SPMC when sending out their re- leases. Perhaps we cannot compete against the lure of the commercial papers and magazines with their large circulations but it must be remembered that long after Goop BEAR (4EtOCERIES N,. li '11.1(:11, .14111:11rit„... 05.8 40E4AN s vtk. F. 4140 (Ye",,PKW/ ;41.41.. 7 ./// ///4":"/ • —0 p PAGE 32 Paper Money WHOLE NO. 55 they have yellowed and crumbled, a finely printed journal of record like PAPER MONEY will still be treasured. It is especially discouraging to pick up one of these for-profit publications and see reports complete with photographs under the byline or with the credit line of an SPMC member. We cannot help but feel slighted and more than a little puzzled by such lack of loyalty. If you are in a position to furnish reports of new issues, please keep me on your mailing list, too. You will be given all due credit for your cooperation. If you can't furnish photographs but are willing to submit the notes themselves, we will have the work done for you and return the material promptly. Of course, there's always a place for full-length arti- cles and studies, too. Perhaps the language barrier is keeping us apart. This Editor has a typical Midwestern background of linguistic chauvinism; despite my name I am a third generation native-born American. I can limp along in German and that's all. Ideally, we should have a translation service which could prepare manuscripts submitted by writers in other languages; in fact, volunteers are hereby solicited. But until such time as we achieve that high level of service, we hope that members whose mother tongue is not English but whose background includes modest profi- ciency in the language will come forward with articles and reports. As Editor, I would be more than pleased to put them into idiomatic English where necessary. The demise of the World Paper Currency Collectors organization is lamentable but it challenges us to help fill its role in syngraphics. Former members of that group are also invited to consider PAPER MONEY as an outlet for their writing. In fact, in these days of difficult economic conditions, it makes sense for us to join forces in a medium like PAPER MONEY which can serve all syngraphists. Will you help make our maga- zine representative of all areas of the hobby? BARBARA R. MUELLER SPMC Regional Meeting Scheduled for New York in April President J. Roy Pennell has announced plans for a Society regional meeting to be held in con- nection with the Metro Coin Show at New York's Barbizon Plaza Hotel this spring. It is scheduled for Saturday, April 5, 1975 at 10:30 A.M. In addition, the Society will make available a hos- pitality room for members and their guests throughout the day for social and non-commercial activities. George W. Wait, SPMC governor and former president, will be in charge of the event. All members who can attend the Metro show are urged to do so and take part in the SPMC activi- ties. The Society is always seeking opportunities for holding other regional meetings. Members who may be in a position to set up a meeting should contact Mr. Pennell. THE UNKNOWN FACTOR (From time to time under this title will be printed photo- graphs or identification of notes which have some puzzling aspect and about which information is sought from the membership. Please address comments to the Editor.) Submitted by LEONARD H. FINN A cardboard note, signed by W. Allis, from an eastern seacoast city? Bank of Lapeer . . . no state name . . . printed by New England Bank Note Co. . . . "safety fund" . . . a counter- feit or fantasy? Set of three specimen or salesman's sample notes on "Bloomers' Hotel & Restaurant" . . . imprint of Sage, Sons & Co., Buffalo, N. Y. WHOLE NO. 55 Paper Money PACE 33 SECRETARY'S REPORT VERNON L. BROWN, Secretary P. 0. Box 8984 FORT LAUDERDALE, FL 33310 New Member Roster No. New Members Dealer or Collector Specialty 4221 Todd M. Baker, 17865 N.E. Oregon St., Portland, Ore. 97230 4222 Tony Gutowski, P. 0. Box 49, Fairbanks, Alaska 99707 4223 William V. Lavin, Jr., 4006 Hermitage Hills, Blvd., Apt. 14, Sharon, Pa. 16146 4224 William W. Wilcox, 50 Pioneer Drive, West Hart- ford, Conn. 06117 4225 F. Carter Birely, 9429 N. Penfield Rd., Columbia, Md. 21045 4226 George H. Carman, M.D., 6211 West N.W. Hwy., ,t-1607, Dallas, Texas 75225 4227 Otis L. Myers, 2789 Sherwood Rd., Columbus, Ohio 43209 4228 Eugene L. Porozynski, 7075 Canal Road, Cleveland, Ohio 44125 4229 Helmut F. Sorensen, P. 0. Box 27, N-1484 Aneby, Norway 4230 Carlo Solbiati, Corso XX Settembre 50, 21052 Busto Arsizio, Italy 4231 Howard Eldridge, 1667 Hertel Ave., Buffalo, N.Y. 14216 4232 H. M. Pafford, Jr., P. 0. Box 145, Waycross, Ga. 31501 4233 Charles Bonarigo, Southern Park Mall, Boardman, Ohio 44512 4234 Lester L. Bortner, Glenville, Pa. 17329 4235 Keith E. Miller, 1060 64th Ave. N.E., Fridley, Minn. 55432 4236 Robert Stakiwicz, 400 A. Galewood Dr., Matawan, N.J. 07747 4237 Ron Schmitz, 3144 S. Highland Ave., Berwyn, Ill. 60402 4238 Daniel G. Cassidy, 5514 Norde Drive, Jacksonville, Fla. 32210 4239 Steve Estes, W. 249 Spokane Falls Blvd., Spokane, Wash. 99201 4240 William H. Chisamore, P. 0. Box 517, Manchester Center, Vt. 05255 4241 Geoffrey Philip Garrett, 18 Hamlet Road, Chelms- ford, Essex, England 4242 Richard J. Cyr, 151 Waybosset St., Providence, R.I. 02903 4243 John Giacchi, 2756 Laconia Ave., Bronx, N.Y. 10469 4244 Christopher Smith, 63 Norreys Road, Didcot, Oxon, OX11 England 4245 Michael Harris, P. 0. Box F. 1779, Freeport, Grand Bahama Island 4246 Bruce R. Downer, 50 Chestnut Hill Ave., Brighton, Mass. 02135 4247 Edward J. Hilbert, 34 Lincoln Place, Madison, N.J. 07940 4248 Jack F. Lackey, 816 E. 5th St., Connersville, Ind. 47331 J4249 Robert Maurer, 203 Gibson Blvd., Clark, N.J. 07066 4250 Laurence A. Walker, 1320 Fetterman Dr., Laramie, Wyo. 82070 4251 Jimmy Doyle McSpadden, P. 0. Box 2162, Jones- boro, Ark. 72401 4252 Mrs. Stella Tencza, 29 Geranium Place, Walling- ton, N.J. 07057 4253 William 0. Boss, 825 Hillside Ave., Elmhurst, Ill. 60126 4254 Kurt A. Shuttler, 24086 Smith Road, Westlake, Ohio 44145 4255 Leo Thurn, 1025 S. High St., Columbus, Ohio 43206 C Washington State National Bank Notes C, D C U. S. small-size $2 U. S. Notes and $1 FRN's C Postage currency C Colonial & Continental currency C U. S. $10 notes; France C U. S. small-size National C u r r e n c y; F.R.N.'s C C General C Foreign C Foreign C C, D National Currency, large-size C, D Obsolete and National Bank Notes C Large-size notes; Silver Ctfs.; Minnesota National Bank Notes, Series 1929 C U. S. large and small-size notes C, D World Currencies C U. S.—Low or unusual serial nos. C, D C Fractional C Latin America D C U. S. C C U. S. small size notes C D C Connersville (Ind) Nationals; U. S. large- size notes C U. S. large-size notes and fractional cur- rency C Wyoming National Currency C National Currency of Ark.; U. S. small- size note C C U. S. small-size notes C German, Notgeld, Russian, Chinese C U. S. small-size notes PAGE 34 Paper Money WHOLE NO. 55 C, D C C C C 4256 Charles E. Straub, 49 Ash St., Willimantic, Conn. 06226 4257 W. A. Haskell, 5260 42nd St. S., St. Petersburg, Fla. 33711 4258 Addison W. Wilson, 1745 Woodmen Tower, Omaha, Nebr. 68102 4259 Dr. Stanley Sherr, P.O. Box 71, Cedar Grove, N.J. 07009 4260 J. E. Humphrey, P. 0. Box 1282, Reno, Nev. 89504 U. S. broken bank notes Germany and military currency U. S. Types Colonial currency Nevada National Bank Notes Change of Addresses 3004 Nelson Page Aspen, 633 No. Church St., West Chester, Pa. 19380 4014 A. V. Barr, P. 0. Box 26517, Denver, Col. 80226 3706 Douglas Berryman, Lot 65, 1310 29th Ave., So., Wisconsin Rapids, Wis. 54494 1086 James R. Budd, 1011 Plum Grove Ave., N., Pal- atine, Ill. 60067 2538 Arthur L. Curths, P. 0. Box 6213 Shirlington Ste., Arlington, Va. 22206 3217 Wilona Curths, P. 0. Box 6213, Shirlington Sta., Arlington, Va. 22206 3705 Richard T. Erb, 101 14th Ave., Apt. J, Columbus, Ohio 43201 3462 Robert J. Galiette, 37 Rosebank Ave., Providence, R.I. 02908 3437 Isidore Herman, 3161 So. Ocean Dr., Hallandale, Fla. 33009 2188 E. R. Hunter, 201 Potter Road, West Palm Beach, Fla. 33405 4124 William G. Kanowsky, P. 0. Box 5213, Athens, Ga. 30601 4151 F. L. Kretschmar, 7327 E. 76th St., Tulsa, Okla. 74133 2577 William F. Manning, 310 Park Drive, #108 A, Euless, Tex. 76039 2281 Robert C. McCurdy, 5935 36th Ave. No., St. Petersburg, Fla. 33710 3266 Harold E. Norman, 1437 Louray Dr., Baton Rouge, La. 70808 3884 HMC W. B. Patterson, USN, HQ BN, BAS, 3rd MAR DIV. FMF, FPO San Francisco, CA 96602 3526 William K. Raymond, 119 Pearl St., #2, Cam- bridge, Mass. 02139 3844 John W. Rose, 1931 Vance Ave., Alexandria, La. 71301 2487 David L. Saulson, 1730 Southside Blvd., Jackson- ville. Fla. 32207 3553 John J. Wall, Raytheon Educ. Systems Co., P. 0. Box 12/1177, Tehran, Iran 2860 James Wheeler, 130 Homestead Dr., Apt. 24, Mankato, Minn. 56001 2208 Robert E. Wheeler, 26500 Inkster Road, South- field, Mich. 48075 3825 William S. Wolfe, 66 Saragossa St., St. Augustine, Fla. 32084 3564 E. Scott Atkinson, 7953 S.W. 6th Ct., No. Lauder- dale, Fla. 33063 3234 Robert D. Field III, 99 Silverbell Lane, Beale A.F.B., CA 95903 2486 Michael Humphrey, 160 Strathmore Rd., Brighton, Mass. 02135 3027 Edward Kuszmar, 644 Eagle Dr., Delray Beach, Fla. 33444 3347 Dan J. Shroka, 7661 Normandie Blvd., D 7, Cleve- land, Ohio 44130 4024 Robert W. Ross III, P. 0. Box 765, Wilmington, Del. 19809 1632 John L. Abernathy, 13402 Cordova Drive, Largo, Fla. 33540 3430 S. P. Neves Darmofal, 208 E. 90th St., #1 W, New York, N.Y. 10028 3744 Ann Marie Dodson, 40 Conger St., #104-B, Bloom- field, N.J. 07003 2641 SGM Eugene Marvin, 125 B Leonard Wood Rd., Fort Huachuca, Ariz. 85613 4084 Dolph Fursee, 2265 Crest Drive, Fortuna, CA 95540 3443 Douglas E. Robinson, 985 W. Foothill Blvd., Clare- mont, CA 91711 Deceased 150 Charles J. Affleck 558 R. C. Elliott 129 Abraham Slopak CONFEDERATE TREASURER Continued from Page 25 Judah P. Benjamin, the trusted Cabinet adviser of Presi- dent Davis, as a target for his sharpest arrow. In an editorial he charged that the Secretary (Benjamin), calling him by name, was in the habit of gambling at Worsham's clubrooms, where he would lose large sums of money. Unhappily for the editorial writer, he coupled the name of Mr. Elmore, the Treasurer, with that of Mr. Benjamin in his charge. On the morning the editorial appeared, Mr. Elmore entered the office of the Secretary of the Treasury with a copy of the newspaper, and, calling Mr. Memminger's attention to it, demanded that his books of account and vouchers be examined at once by the Auditor of the Treasury and the cash balances as- certained. Mr. Memminger was not disposed to take a serious view of the matter till he found that Mr. Elmore was determined to call the editor to the forum where gentlemen in those days settled their differences. In a short time, owing to the thorough system of checks in force in the office of the Treasurer, his accounts had been carefully examined, and the report of Judge Bolling. Ba- ker, the Auditor, was rendered, showing that every cent of the public money was accounted for. On the day this report was filed, Mr. Elmore sent a note to Editor Daniels, demanding a public retraction of his slanderous charge. As no satisfactory answer was returned, Mr. Elmore sent a challenge under the code duello, which Mr. Daniels accepted. The duel was fought on Belle Isle, in the James river, just outside the corporate limits of Richmond. With his usual coolness, Mr. Elmore faced his antagonist and at the first fire shattered the hand and right arm of Mr. Daniels. The subject of this sketch was a native of Columbia, S. C., and received his education at the South Carolina College. A short time before the war between the States he removed to Montgomery, Ala. A son of Mr. Elmore (also named Edward C. Elmore) is now living in Colum- bia, and I am indebted to him for much of the material in this sketch. H. D. ALLEN Confederate Money Historian WHOLE NO. 55 Paper Money PAGE 35 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., Feb. 10, 1974 for March 1975 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.) SELLING COLLECTION OF all different 996 Germany P.O.W. notes of World War I (1914-1918) ; Dr. Arnold Keller catalogue of same included. Correspondence invited. Michael M. Byckoff, P. 0. Pox 786, Bryte, CA 95605 (57) SPECIALIZING IN SMALL Silver Certificates and USN's, common or rare. Some year-end and close-out specials. No FRN's. Send 20c in stamps for catalogue of over 400 blocks. Graeme Ton, 203 47th St., Gulfport, Miss. 39501 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) 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) FOR MY COLLECTION: wanted U. S. MPC 5 dollars series 471, 5 dollars series 481, all replacement notes prior to series 611 wanted. Also San Bernardino Nationals. Write or ship. Gary F. Snover, P. 0. Box 3034, San Bernardino, CA 92413 (56) MISSISSIPPI AND SOUTHERN States obsolete notes and scrip or anything relating to Mississippi wanted. L. Candler Leggett, P. 0. Box 9684, Jackson, MS 39206 (55) GREENBACK LABOR PARTY satirical notes and re- lated items wanted. L. Candler Leggett, P. 0. Box 9684, Jackson, MS 39206 (55) WANTED: PENNSYLVANIA OBSOLETE notes and scrip. Banks, Boroughs, Water Companies, Transportation, Mining, Druggists, Merchants, etc. Individual notes or collections. Correspondence invited. Paul S. Seitz, Glen Rock, PA 17327 (55) CONNECTICUT CURRENCY W ANTE D: Colonial, obsolete, scrip, large-size Nationals (uncirculated), mis- cellaneous Connecticut paper items. Buying single pieces or lots. Send with prices or describe. Also need Con- tinental Currency. Richard J. Ulbrich, Box 401, Cheshire, CT 06410 (57) SUTLER SCRIP AND tokens wanted: Send or describe, with price. Richard J. Ulbrich, P. 0. Box 401, Cheshire, CT 06410 (56) ENCASED POSTAGE WANTED (Civil War era). Top condition only. Send insured or describe, with price. Richard J. Ulbrich, P. 0. Box 401, Cheshire, CT 06410 (56) WANTED: ALL STOCK and bond certificates (singles or quantities). Also Nevada and California paper items. Ken Prag, Box 431 PM, Hawthorne, CA 90250 (58) SMALL SIZE COLORADO Nationals wanted: Collector will pay highest prices for needed notes. Have many Nationals to trade. Send for lists. John Parker, P. 0. Box 3004, Denver, CO 80201 (56) WANTED: MACON, GEORGIA obsolete currency in quantities. Also Milledgeville, Georgia. Send for offer or priced. Richard Moody, 300 Hillcrest Ave., Warner Robin, Georgia 31093 (58) NEW LONDON-3, 10, 20, 50 uncut sheets to trade for other obsolete or large currency. Cornell Galleries, 1801 East Columbus, Springfield, MA 01103 (55) WANTED: MARYLAND OBSOLETE, Nationals, scrip, checks, proofs, sheets, etc. Please describe fully and price. Will buy singles or collections. Armand Shank, Jr., 2066 York Rd., Timonium, MD 21093 (57) KANSAS OBSOLETE WANTED: Serious researcher welcomes correspondence. No Merchants Bank or Union Military Scrip desired. Also want Nationals on Law- rence, Kansas. S. K. Whitfield, 320 Broadmoor Blvd., Lafayette, LA 70501 (59) UNLISTED SUTLER SCRIP. Similar to Curto M5 but with red, white and blue flag. For sale to best offer re- ceived by February 15. Charles E. Kirtley, P.O. Box 192, Cullowhee, NC 28723 WANTED: 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 Rd., Shelburne, VT 05482 (61) WANTED: FRENCH ASSIGNATS, especially the follow- ing: 400 livres 21 Nov. 1792, 250 livres 7 Vendemiaire L'An 2, 500 livres 20 Pluviouse L'An 2, 2000 francs 18 Nivose L'An 3. Please describe and send price wanted. Bob Rice, 1246 Vinton Ave., Memphis, TN 38104 7114.111,11C.NIAMMNIV11111011:11[3111FTERNAILIRCTIVECTIEZ z 616036E vrio.y.itt,N„ 122f74 ir ■•• • • • ,`• y _2.1 4.)„,„444,:,„,,,,,,.,44,,,L) ior 'a .4 ),Ter,,P.,47,0* PACE 36 Paper Money WHOLE NO. 55 MONEY MART WANTED: YAKIMA WASHINGTON and vicinity Na- tional Currency. Especially need 3rd charter National on 3355 or 3862 or any from 2876, 7489, 7767, 8481, 9129, 9417, 9576, 10000, 11546, 11674, 11750, 12181 or 12246. Robert C. Thurston, 3205 Sharon Way, Yakima, WA 98902 (56) WANTED: TEXAS COUNTY and Treasury warrants; Kelsey Douglass $5 notes. William Manning, 310 Park Dr. =108A, Euless, TX 76039 DO YOU HAVE all your block letters or endings on your $1 FRN sets? Send $1 for 16-page price list Silver Cer- tificates, Legals, $1 FRN Dillon thru Simon by blocks, Copes, stars, radars, end sets, low serials beginning 00000 0000, $1 1969D EA, circulated, short run 99840001/ 99999999 for $50 your duplicates based my list prices or $16 US silver. 1957B $1 SC mismatched serial numbers U47 top serial, U37 lower CU $50.00. Wanted $1 FRN star notes. Write, giving serials and price wanted. I make no offers. James Seville, Drawer 866, Statesville, NC 28677 (58) WANTED: MAINE NATIONAL and obsolete notes. Will buy and trade extra Nationals. Donald Priest, 41 Main, Fairfield, ME 04937 (57) TRADE FIVE DIFFERENT obsolete state or broken bank bills for five of yours. J. Tatum, 816 Burke St., Winston-Salem, NC 27101 (58) COLLECTOR NEEDS $1 SC's: 1928 IA, JA, KA, LA; 1928B WA; many 1928C, D, and E's; 1935A MA; 1935B CD, MD: 1935D (W) RE, ''C (N) UE, *C; 1957 BB; Hawaii ZB, AC. Will buy or swap. Please list grade and your best price. Also, have many extras to sell. Send SASE for list. Graeme M. Ton, 203 47th St., Gulfport, Miss. 39501 WANTED FRN $1.00 Unc. 1963A block L-C. 1969B star I. 1969D star A and B. Write. Price. William M. Edmondson, P.O. Box 174, Elizabethtown, KY 42701 UNLISTED GEORGIA STATE note. Similar to Cris- well 6, but without the black Treasury seal on the re- verse. For sale to best offer received by February 15. Charles E. Kirtley, P.O. Box 192, Cullowhee, NC 28723 WANTED: NATIONALS WITH interesting bank and community names. Examples: railroad, coldwater, home- stead, gate city, etc. Howard Parshall, P. O. Box 191, Pineville, LA 71360 (59) WANTED OBSOLETE PAPER MONEY (Bank Notes, Script, Warrants, Drafts) of the AMERICAN WEST Oregon, California, Idaho, Nevada, Arizona, Utah. Mon- tana. New Mexico, Colorado: Dakota, Deseret. Indian. Jefferson Territories! Cash paid, or fine Obsolete Paper traded. Have Proof notes from most states, individual rarities, seldom seen denominationals, Kirtlands, topicals; Colonial, Continental; CSA, Southern States notes and bonds. Also have duplicate Western rarities for advantageous trade. JOHN J. FORD, JR. P. O. BOX 33, ROCKVILLE CENTRE, N. Y. 11571 FLORIDA NOTES WANTED ALL SERIES • Also A Good Stock Of Notes Available WARREN HENDERSON P. O. BOX 1358, VENICE, FLA. 33595 For An Award Winning Collection MOUNT YOUR U.S. PAPER MONEY ON Ace/it •br CURRENCY ALBUM PAGES L-01 L-02 L-05 L-3B One Dollar Two Dollars Five Dollars Any Denomination 1928 1928-63A 1928-63A ANY Silver Certificates S-EA Emergency Issue - Africa 1934-35A S-EH Emergency Issue - Hawaii 1934-35A S-RS Experimental Issue - "R" "S" 1935A S-3B Any Denomination ANY Gold Certificates G-01 Ten and Twenty Dollars 1928 01-1 01-2 01-3 01-4 01-5 01-6 01-7 01-8 963 963A 963B 969 969A 969B 969C 969D Federal Reserve Notes-$1. Granahan-Dillon Granahan-Fowler Granahan-Barr Elston-Kennedy Kabis-Kennedy Kabis-Connally Banuelos-Connally Banuelos-Shultz 1 .50 14 3.25 12 2.50 18 3.00 3 1.00 4 1.00 2 .50 18 3.00 2 .50 12 18 District Sets 2.50 3.00 12 2.50 12 2.50 5 1.50 12 2.50 12 2.50 12 2.50 10 2.25 12 2.50 963 34 7.25 963A 70 14.75 963B 13 3.00 969 36 7.50 969A 32 6.75 969B 35 7.50 969C 25 5.50 969D 44 9.25 ANY 18 3.00 Blockletter and Federal Reserve Notes-$1. Star Note Sets AP-3B All Purpose (Errors, radars, etc.) ANY 18 3.00 ALL PHOENIX CURRENCY ALBUM PAGES fit any standard three-ring loose-leaf binder. VALLEY COIN SHOP 695 WASHINGTON ST., SO. ATTLEBORO, MA 02703 UNITED STATES LEGAL TENDER NOTES .1.1110. I LI riiil STATES SILVER CERTIFICATES • GOLD CERTIFICATES NATIONAL CI7RRENIN MUM. IV., UNITED S , STES FEDERAL RESERVE NOTES 4 • FEDERAL RESERVE NOTES . . SHIM* !DODD STA1 E S SMALL SIZE CURRENCY EXPERLMENTAL ISSUE AMY= CI:Ell/KATO EMERGENCY SERIES r. - 1 B Granahan- Di I Ion -2B Granahan-Fowler -3B Granahan-Barr -4B Elston-Kennedy -5B Kabi.s-Kennedy -6B Kabis-Connally -7B Banuelos-Connally -8B Banuelos-Shultz Federal Reserve Notes F - 3B Any Denomination Small Size Currency The following sets of PHOENIX CURRENCY ALBUM PAGES and mounts will accommodate ALL small size U.S. currency issued from 1928 to date. Legal Tender Notes Series Capacity Retail National Currency N-05 Any Denomination 1929 N-3B Any Denomination 1929 0 0 0 0 0 0 NATIONAL CURRENCY This is my first attempt with advertising to sell in PAPER MONEY Magazine. Many of you will be familiar with me because of the lists of National Currency you have received from me. This listing contains many notes not on my lists. They will appear here now and will not again be offered for sale for quite sometime. I believe The First Charter Notes, Brown Backs, and Red Seals have a lot going for them and I have been putting these back for quite some time. Now is the opportunity for you to acquire some of these. FIRST CHARTERS $10 Orig. Series Phoenix N. B. Hartford, Conn. Ch. #670 VF-XF $375.00 $5 1875 Danbury N. B. Danbury, Conn. Ch. #943 F $250.00 $1 Orig. Series New Castle County N. B. Odessa, Del. Ch. #1281 VG $275.00 $1 Orig. Series Edgar County N. B. Paris, Ill. Ch. #2100 F $175.00 $1 Orig. Series Alton, N. B. Alton, Ill. Ch. #1428 F $150.00 $5 Orig. Series Second N. B. Franklin, Ind. Ch. #78 F $375.00 $5 1875 Merchants N. B. Cedar Rapids, Iowa Ch. #2511 VG-F $275.00 $10 1875 Covington City, N. B. Covington, Ky. Ch. #1859 VF $600.00 $5 1875 First N. B. Westminster, Md. Ch. #742 CU $700.00 $1 1875 N. B. of North America Boston, Mass. Ch. #672 VG-F $150.00 Si 1875 Columbian N. B. Boston, Mass. Ch. #1029 G $100.00 $1 1875 Shellbourne Falls, N. B. Shellburne Falls, Mass. Ch. #1144 G $110.00 SI Orig. Series Cape Cod N. B. Harwich, Mass. Ch. #712 F-VF $225.00 $1 Orig. Series Fanevil Hall N. B. Boston, Mass. Ch. #847 1' $225.00 $2 Orig. Series Third N. B. Boston, Mass. Ch. #359 Rag $125.00 $5 1875 Bunker Hill N. B. Charlestown, Mass. Ch. #635 VG-F $250.00 $10 1875 Pittsfield N. B. Pittsfield, Mass. Ch. #1260 VF $275.00 $10 Orig. Series Attleborough, N. B. Attleborough, Mass. Ch. #1604 VG No Sigs $150.00 $5 1875 Citizens N. B. Sedalia, Mo. Ch. #1971 VG $225.00 $10 1875 Citizens N. B. Keene, New Hamp. Ch. #2299 VF-XF $550.00 $5 1875 Union N. B. Frenchtown, N. J. Ch. #1459 F $300.00 $2 Orig. Series Second N. B. Oswego, N. Y. Ch. #296 F $350.00 $10 Orig. Series Nat. Mohawk Valley B. Mohawk, N. Y. Ch. #1130 VG-F (cut close top) $200.00 $5 1875 Farmers N. B. Ashtabula, Ohio Ch. #975 F $197.50 $5 1875 Farmers N. B. South Charleston, Ohio Ch. #2754 F $300.00 $1 Orig. Series First N. B. Clearfield, Pa. Ch. #768 F-VF $195.00 $1 Orig. Series First N. B. Athens, Pa. Ch. #1094 G-VG $125.00 $5 Orig. Series First N. B. Harrisburg, Pa. Ch. #201 F $400.00 $5 Orig. Series First N. B. Athens, Pa. Ch. #1094 F $250.00 $2 Orig. Series Nat'l Bank of Rutland, Vt. Ch. #1450 F (Note has small piece missing right margin) $350.00 $5 Orig. Series Lamoille County N. B. Hyde Park, Vt. Ch. #1163 VP' $400.00 1882-BROWN BACKS Den. Bank Town Ch. # Grade Price $20 San Francisco N. B., San Francisco, Ca., P5096 XF $325.00 $5 Hartford N. B., Hartford, Conn., 1338 XF-AU $225.00 $5 First N. B., Stafford, Springs, Conn., 3914 XF $350.00 $5 Riggs N. B., Washington, D. C., E5046 F $175.00 $5 American N. B., Macon, Ga., 4547 VG $250.00 $5 Bankers N. B., Chicago, I11., M4787 F $125.00 $5 First N. B., Shelbyville, Ill., M2128 F $150.00 $20 The N. B. of, Decatur, Ill., M4920 F $125.00 $10 German N. B., Vincennes, Ind., M3864 F-VF $150.00 $20 First N. B., Hammond, Ind., 613478 F-VF $180.00 $10 First N. B., Lenox, Iowa, M5517 VG $175.00 $20 German N. B., Covington, Ky., S1847 F $235.00 $10 Commercial N. B., New Orleans, La., S5649 XF-AU $560.00 $10 First N. B., Lewiston, Me., 330 VG-F $350.00 $10 North N. B., Rockland, Me., 2371 . XF $550.00 $5 Hadley Falls, N. B., Holyoke, Mass., N1246 VT $200.00 $5 Palmer N. B., Palmer, Mass., 2324 F-VF $145.00 $5 Merchants N. B., Lawrence, Mass., 3977 VG-F $175.00 $10 Atlantic N. B., Boston, Mass., 643 AU $300.00 $5 First N. B., Marquette, Mich., 390 VG $175.00 $5 Lumberman's N. B., Menominee, Mich., M4454 F-VF $300.00 $5 Merchants N. B., St. Paul, Minn., M2020 VG $110.00 $20 First N. B., Carthage, Mo., 3005 F-VF $175.00 $10 Commercial N. B., Fremont, Nebr., W4504 F $200.00 $10 Nat. State Capital B., Concord, New H., 768 XF-AU $400.00 $20 First N. B., Newport, New H., 888 AU $400.00 $5 East Orange N. B., East Orange, N. J., 4766 VF $300.00 $10 First N. B., Red Bank, N. J., 445 VF $360.00 $5 N. B. of Commerce, New York, N. Y., E733 VF $110.00 $10 First N. B., Oswego. N. Y., 255 AU $200.00 $10 First N. B., Cobbleskill, N. Y., 461 XF $195.00 $10 N. B. of Commerce, New York, N. Y., E733 XI' $160.00 $10 American Exch. N. B., New York, N. Y., 1394 VG $ 65.00 $20 Farmers N. B., Rome, N. Y., E2410 F $ 89.50 (This note has small piece torn off upper right corner) $20 Charlotte N. B., Charlotte, N. Y., S6055 VG-F $750.00 (Back is faded-obv. nice) $2,0 American N. B., Valley City, N. D., W5364 F-VF $1000.00 $5 Milford N. B., Milford, Ohio, 3234 VG-F $225.00 Bill No. 1 $5 First N. B., Arcanum, Ohio, 4839 AU 8350.00 Bill No. I $5 First N. B., Crestline, Ohio, M5099 VF $140.00 $10 First N. B., Massillon, Ohio, 216 F $125.00 $10 Union N. B., Massillon, Ohio, 1318 F $150.00 $10 First N. B., Garrettsville, Ohio, 2034 F-VF $200.00 $10 Second N. B., Bucyrus, Ohio, 3274 F-VF $175.00 $10 Citizens N. B., Cincinnati, Ohio, M2495 ... XF $125.00 $10 Euclid Ave.. N. B., Cleveland, Ohio, M3545 VF-XF $150.00 $10 Union N. B., Zanesville, Ohio, M4298 XF $225.00 $5 Monongahela N. B., Pittsburgh, Pa., E3874 VG $ 60.00 $20 Second N. B., Philadelphia, Pa., 213 F-VF $150.00 $5 Commercial N. B., Providence, R. I., 1319 F-VF $225.00 $10 First N. B., Spartanburg, S. C.. S1848 G $300.00 Note has been repaired $10 First N. B., Amarillo, Tex., S4214 F-VF $300.00 $20 City N. B., Paris, Tex., S4411 F-VF $325.00 $5 Deseret N. B., Salt Lake City, U., P2059 F $475.00 $5 First N. B., Poultney, Vt., N2545 F-VF $475.00 Bill No. 1 $10 First N. B., Montpelier, Vt., 748 F S400.00 $5 First N. B., Abingdon, Va., S5150 XF $500.00 $5 Seattle N. B., Seattle, Wash., 4229 VG $550.00 $5 Nat'l Exchange B., Wheeling, W. Va., S5164 VF $200.00 $20 Wisconsin N. B., Milwaukee, Wis., M4817 XF $350.00 1902 RED SEALS $100 First N. B., Cambridge City, Ind., M22734 F-VF $525.00 $5 Marion N. B., Marion, Kans., W7911 VF $375.00 $10 First N. B., Clinton, Ky., S9098 AU $475.00 $20 State N. B., Maysville, Ky., S2663 XF $400.00 $20 German American N. B., New Orleans, La., S7876 $250.00 $10 First N. B.. Saint Cloud, Mn., M2790 VRGaFg ; 305 05 . 0 0 $10 First N. B., Osakis, Minn., M6837 $20 First N. B., Hancock, Minn., M6996 VG-F $200.00 $5 Central N. B., St. Louis, Mo., M8455 VG-F $125.00 $10 Mechanics Amer. N. B., St. Louis, Mo., M7715 XF $165.00 $10 First N. B., Somerville, N. J.. E-395 VF $175.00 $10 N. Y. State N. B., Albany, N. Y., E1262 F-VF $125.00 $10 Hanover, N. B., New York, N. Y., E1352 VF $150.00 $20 Ripley N. B., Ripley, Oh., M2837 F-VF $150.00 $20 Nat. Commercial B., Cleveland, Oh., M7487 F-1/7 $135.00 $5 German N. B., Pittsburgh, Pa., E-757 AU $275.00 $5 Chester N. B., Chester, Pa., E2904 VG-F $120.00 $5 Nat'l Bank of, Malvern, Pa., E3147 F $140.00 $5 Mellon N. B., Pittsburgh, Pa., E6301 XF S200.00 SATISFACTION GUARANTEED Phone 712-255-6882 or 712-365-4514 CURTIS IVERSEN P. O. Box 1221, Sioux City, Iowa 51102 S. jeafelting ntazdi; THIS NOTE I Zeitw 4604 ,STERLINC • ETCaz-04, DURING PRO WILL OF FOR COIN ON RESIIMHION 6e MIL LRW RT MAFEN 'NG 3.R4-1.4$ti aitti;o: irti of k.i...or. Za340-SussAl, Consencsit?-; Sso raiz; gor.cz.s e'r• - Paryzaefrr 11./1 a4, 1 11A tfrgnil i f .11 0 0 10 .1t da c-,,,,e'r,dye2( :9a BANK of EN. AND . 2:0 9 3 1 7 2 .4°"1"1:$/ita„ We are not only specialists in Roman, Greek, Byzantine, and early english coins, but also in the purchase and sale of paper money. Visit Drury House and look over our superb stock of bank notes from all over the world and where our experts are always pleased to advise you regarding your collection. Also on sale are many authoritative books on notaphily. STANLEY GIBBONS CURRENCY LIMITED De?_RY HO - ?JSSELL STETLONDO\ WC2B 5-D E\GLA\D Please rush me Name Address City State Zip I am particularly interested in London 993183 P/M Jan. Bureau of Engraving & Printing 31. Salmon P. Chase, Secretary of the Treasury 1861 25.00 32. Frederick A. Sawyer 15.00 33. Hugh McCulloch, Secretary of the Treasury 1865-69, Fr. design #124, Hessler 773-98a 75.00 34. W. P. Fessenden, Secretary of the Treasury 1864 25.00 35. James Guthrie, Secretary of the Treasury 1853 15.00 36. Levi Woodbury, Secretary of the Treasury 1834 15.00 VIGNETTES & PORTRAITS USED ON U. S. PAPER MONEY, BONDS AND OTHER FISCAL PAPER AND DOCUMENTS. EXCELLENT FOR DISPLAYS WITH OR WITHOUT NOTES! 1. Indian contemplating civilization--large vignette $25.00 2. Title page, Treasury seal in green, "U.S. Trea- sury Department Specimens, Bureau of Engrav- ing and Printing, Washington, Geo. B. McCar- tee, Chief of Bureau, Geo. W. Casilear, Supt of Engraving" 10.00 3 Commodore Oliver Hazard Perry, hero of the Battle of Lake Erie, War of 1812. Cameo, red 12.00 37. Albert Gallatin, Secretary of the Treasury 1802-14, Fr. design #28, Hessler 1320-1 40.00 15.00 38. Hamilton Fish, Secretary of State 1869 15.00 39. Edward Everett, Secretary of State 1852, Fr design #80, Hessler 1015-28 40.00 15.00 40. George M. Dallas, Vice-President of the U. S 1845-49 15.00 4. U. S. Grant, Pres. of U. S. 15.00 5. George Washington, Pres. of U. S. Cameo bust with laurel crown 6. Thomas Ewing (1789-1871) , our first Secre- tary of the Interior, Secretary of the Treasury, 1841 7. Charles Sumner (1811-1874) famous U. S senator, Fr. design #83, Hessler 1352-57 8. Thaddeus Stevens (1792-1868) , famous Con- gressman in Civil War period 9. Hon. E. B. Washburne (1816-1887) , U. S Congressman, diplomat and cabinet officer (for 12 days) 15.00 10. Anson Burlingame (1820-1870) , U. S. Con- gressman and diplomat 15.00 11. Maj. Gen. Mansfield, killed in action at Battle of Antietam, Fr. design #30, Hessler 1323-36 40.00 12. Stephen A. Douglas (1813-1861) , U. S. Con- gressman, senator, great debator, Hessler #1492b+c 13. John J. Cisco 15.00 14. John A. Dix (1798-1879) , U. S. senator 1845-9, Secretary of the Treasury, diplomat 15.00 15. John Albion Andrew 11818-18671 U. S. poli- tical leader and Civil War governor of Massa- chusetts 15.00 16. Gen. F. E. Spinner 25.00 17. Marshall Jewell, Postmaster General 1874 15.00 18. John A. J. Creswell, Postmaster General 1869 15.00 19. I. U. Barnes, Surgeon General U. S. Army 15.00 20. George M. Robeson, Secretary of the Navy 1869 15.00 21. A. E. Borie 15.00 72. William Worth Belknap (1829-1890) , Civil War general (Union) , Secretary of War 15.00 23. John A. Rawlins, Secretary of War, 1869 15.00 24. Edwin M. Stanton (1814-69) , Secretary of War, American statesman, Fr. design #85, very similar to #185, Hessler 62-67 25. William H. Seward, Secretary of State 1860-69, Fr. design #95, Hessler 1043 40.00 26. Geo. H. William, Attorney General 1872 15.00 27. C. Delano, Secretary of the Interior 1870 15.00 28. Admiral D. G. Farragut (1801-1870) , famed Union commander during the Civil War, Fr. design #96, Hessler 1242-3 40.00 29. William A. Richardson, Secretary of the Trea- sury 1873 15.00 30. George S. Boutwell, Secretary of the Treasury 1869 15.00 20.00 60.00 43. Zachary Taylor (1784-1850) 12th President of the U. S. 20.00 44. William H. Harrison (1773-1841) 9th Presi- dent of the U. S. 20.00 50.00 50.00 47. Henry Clay, Fr. design #23, Hessler 928 40.00 48. John Adams (1735-1826) 2nd President of the U. S. 20.00 49. Martin Van Buren (1782-1862) 8th President of the U. S. 20.00 50. Andrew Jackson (1767-1845) 7th President of the U. S., Fr. design #12, 13, 18, 34, 156, 130, Hessler 245-273, 492, 1465-84, 620B- 620K3 75.00 51. Alexander Hamilton (1755-1804) American statesman and founding father, 1st Secretary of the Treasury, Fr. design #20, Hessler 703-23 50.00 52. General Pleasonton 15.00 53. Amos Kendall 15.00 56. Gen. George H. Thomas (1816-1870) U. S General "The Rock of Chickamauga" 15.00 57. DeWitt Clinton (1769-1828) U. S. Senator, Governor of N.Y , Fr. design #3 1 a, Hessler 1379-91, (Erie Canal was known as "Clin- ton's ditch") 40.00 58. Gen. Winfield Scott (1786-1866) hero of the Mexican War, commanded U. S. forces 1861, Fr. design #57-e, Hessler 1149-50 40.00 59. Oliver Wolcott 15.00 60, Withdrawn 40.00 41. Franklin Pierce (1804-69) 14th President of the U. S., 1853-57 15.00 42. John Marshall, (1755-18351 Chief Justice U. S. Supreme Court 1801, Fr. design #93, 138, Hessler 843-5, 1370B-1G 45. John Quincy Adams 11768 - 18481 6th Presi- dent of the U. S., Fr. design #29, Hessler 1322 46. James Madison, President of the U. S., Fr. 40.00 design #33, 140, 155, Hessler 1435, 1446-60, 1461B-64 54. Daniel Webster (1782-1852) American states- man and lawyer, U. S. Senator and orator, Fr. design #15, 16, Hessler 466-82 75.00 55. Silas Wright (1795-1847) U. S. Senator and N.Y. Governor, Fr. design #150, Hessler 60.00 1029-39 40.00 97. Sea battle, one ship nearly destroyed, the other with sails up but holed 35.00 98 Steam-sail vessel "New Ironsides", used on a U. S. bond, this vignette pictured in Hessler 1337-40, Fr. design #39 40.00 99. Steamship-side-wheeler unnamed 30.00 50.00 100. Sailing vessel "Iroquois" different from #94 30.00 40.00 101. Eagle on shield surrounded by stars, "E Pluribus Unum" on ribbon 25.00 15.00 102. Signing of the Declaration of Independence, used on a U. S. bond, Fr. design 105 (rev.), Hessler 1151-74a 75.00 103. Vignette of farming and transportation, large 25.00 104. Lincoln bust in oval with farmer to left and mechanic to right, R/H 3rd used on Fr. design #119 reverse, Hessler 523-39 35.00 105. Eagle on shield, E Pluribus Unum on ribbon 25.00 50.00 106. Columbus in his study, Fr. design #32, Hessler 1379-91 40.00 50.00 107. "Valley Forge" colonial soldiers in winter quarters 35.00 20.00 108. Battle of Cowpens, soldiers on horseback fight- ing with swords 35.00 25.00 109. Distilling scene, man seated, barrels 25.00 1 10. Eagle flying on lightning bolt which is on 40.00 waves at sea, ships, Fr. design #148 reverse, Hessler 828-33 40.00 40.00 111. Farm scene "seeding & ginning" 20.00 112. "Mortar Firing", Fr. design #36, 57b, Hessler 40.00 725-7, 1343-5, also used on U. S. bond 40.00 113. "The Smokers", two men in quaint clothing, 40.00 smoking 20.00 1 14. DeSoto discovering the Mississippi (not Fr 40.00 #1132) 25.00 15. Sailor leaning on bale, rope, barrel, anchor 25.00 40.00 1 16. Soldier leaning on musket, cannon, etc., used on U. S. bond 25.00 40.00 17. "The Standard Bearer," soldier with musket and flag, Fr. design #39, Hessler #1337-40, used on U. S. bond 18. "Farmer & Mechanic", ends are the same as #103, Fr. design #49, Hessler 1141-48 20.00 119. Friedberg calls this "Presentation of Indian Princess," Fr. design #15, 16, Hessler 466-82 120. "In the Turret," huge cannon, Fr. design #49, Hessler 1141-8 121. Indian contemplating civilization (not same as "1") 122. "Eagle on the Capitol," Fr. design #156 re- verse, 35, 62, Hessler 47, 58, 493-6, 1470-84 123. "Harvesting," horse drawn mowing machine, etc. 124. Eagle on shield, flag, E Pluribus Unum above, used on U. S. bond, Fr. design #1466, Hessler 827A THESE VIGNETTES AND PORTRAITS ARE OF THE FINEST QUALITY, ENGRAVED BY AMERICA'S GREATEST PRACTI- TIONERS OF THE ART. THEY ARE GENERALLY IN EX- CELLENT CONDITION AND FREE FROM DISCOLORATION AND FOX/NG. FRIEDBERG AND HESSLER NUMBERS IN- DICATE THAT THIS EXACT ENGRAVING WAS USED ON THAT NOTE. PLEASE ORDER BY NUMBER. 50.00 20.00 12.00 50.00 20.00 20.00 12.00 40.00 30.00 30.00 25.00 25.00 20.00 20.00 20.00 40.00 30.00 30.00 30.00 30.00 30.00 40.00 40.00 70.00 40.00 25.00 60.00 25.00 40.00 61. Stephan Decatur (1779-1820) U. S. naval officer who held important commands during War of 1812, Fr. design #76, 76a, Hessler 808-17 62. Benjamin Franklin (1706-1790) American printer, author, publisher, inventor, scientist, public servant, and diplomat, Fr. design #24, 58a, 58b, Hessler 603, 929-41 63. E. D. Baker, Hessler 1441a-b, ex.-rare 64. Rufus King (1755-1827) U. S. senator, Fed- eralist 65. Eagle on shield, ship in harbor to right, the capitol to left 66. Bust of maiden with shawl looking right 67. "America", Fr. design #24 (see Franklin portrait #60) , Hessler 929-41 68. "Reconstruction" allegory, female with square on building block, child with plan below, Fr. design #26, 27, Hessler 1122-36 69. "Return of Peace" allegory, Fr. design #23 (see Clay portrait #45), Hessler 928 70. Allegory of two female figures walking, repre- sents war and peace 71. Allegory of Justice, scales in left hand, sword in right, used on a U. S. bond 72. Allegory "The Guardian", Fr. design #44, also used on a U. S. bond, Hessler 1137-40 73. Allegory "Loyalty", Fr. design #48, 43, Hess- ler 942-50 74. Allegory "Caduceus", Fr. design #48, (see #71 above), Hessler 945b-50 75. Allegory "Victory", Fr. design #36, 42, Hess- ler 725-27 76. Allegory, female standing with grain, Fr. de- sign #41, 35, Hessler 493-496 77. Allegory "Liberty Cr Union", female standing, anchor, fasces and U. S. flag, Hessler 78. Allegory "Justice", female seated, scales, sword, Fr. design #29, Hessler 1322 79. Allegory "America" (different from #65), fe- male seated, shield, eagle, fasces 80. Allegory "Victory" (different from #74) 81. "Sowing" 82. Allegory, Liberty standing, shield, eagle and flag 83. Eagle on flag, Fr. design #153 reverse, Hess- ler 1362-9 84. United States Capitol, pictured from the side 85. United States Capitol, from left front 86. United States Treasury 87. The White House, from left 88. The Patent Office 89. Smithsonian Institute 90. U. S. Observatory 91. Eagle on nest on mountain crag, Fr. design #155 rev., Hessler 1446-60 92. Shore scene, ships, cliff, rocks 93. Side-wheel steamship the "Mississippi" 94. Small steamer the "U. S. Grant" 95. Steam powered sailing vessel "Iroquois" 96. Shore scene "Launching Through the Surf" Warren Henderson BOX 1358, VENICE, FLORIDA 33595 813-488-5941 OBSOLETE CURRENCY AUCTION 1. $20.00 CA—COMMISSION SCRIP, Wm. G. Badger, San Fran- cisco, vig. c, 4 deer, I, Liberty, r, 6 cherubs ; rev, advertisement with organ, dated 1874, very fine, iminimum bid $50.00) 2. 10c COLO--MERCHANDISE SCRIP, The Colorado Supply Co., Denver, October 1, 1905 ( 2x3 I very good, rare 3. $5.00 IND—FARMERS AND DROVERS BANK, Petersburg, Oct. 4, 1858, very ornate obv and rev, Ormsby note, issued, crisp, a beauty 4. $50.00 MA—CITIZENS BANK, Augusta, Jan. 7, 1841, issued, crisp 5. 8100.00 N.C.—BANK OF WASHINGTON, June 8, 1855, 3 sailors, fine 6. $10.00 MICH—BANK OF CHIPPEWAY, Sault De St. Marys, Jan. 3, 1838, ship building scene center, issued, crisp 7. $100.00 STATE NOTE OF ALABAMA, Cr. 20, issued, crisp 8. $50.00 UNION BANK OF JACKSON, MISS., April 1, 1839, alle- gorical figures, portrait of George Washington. Fine 9. $1.00 I.T.- -J.J. McAlester, Trade Note payable in merchandise at store, reverse in black, dated 190-, crisp 10. $5.00 NH—CONCORD BANK, July 1, 1820, woodcut scene of town center, small hole right end, issued, crisp 11. 82.00 NJ—MERCHANTS BANK, Trenton, Nov. 2, 1862, vig. of Civil War general Winfield Scott, issued, crisp, very handsome note 12. $10.00 MO—BUTCHERS AND DROVERS Bank of St. Louis, Cert. of Say, payable on Aug. 1, 1880, center bridge and ships, allegorical figure to left, steer head to right, v.f., (minimum bid $60.001 13. $10.00 NY—ODGENSBURGH BANK. March 4, 1858, wharf scene in center, pinkish color, issued, crisp, striking note 14. $100.00 MD—THE BALTIMORE AND SUSQUEHANNA RAIL- ROAD CO., Baltimore, Sept. 19, 1832, train scene, issued, extra fine 15. $100.00 TENN—FARMERS AND MERCHANTS BANK OF MEMPHIS, Feb. 20, 1854, port. of G. Wash., dog on chest, steam- boat, issued, crisp 16. $1.00 COLO—THE BUSINESS COLLEGE BANK OF COLORADO, Denver, Jan. 1, 1877, Allegorical female to left, reclining Indian to right, red on white and black, attractive reverse, signed by Cashier, one of a kind and truly a very rare item (minimum bid $350.00) 17. $10.00 ORE—THE PORTLAND BUSINESS COLLEGE, 1866, printed signature, mining scene to left, printed reverse, heavy folds, otherwise very good, quite rare ( minimum bid $100.00) 18. $3.00 WIS —CORN EXCHANGE BANK, Waupun, Allegorical figures in center, H. Clay to right, unissued, crisp, very appealing 19. $5.00 as above with Agricultural scene in center 20. $1.00 VA—FIRST NATIONAL OYSTER BANK, Monaskon, sales- man's sample, dated 1868, Washington to left, ship to right, very ornate obverse and reverse, printed by Fred Mayer & Co., NY, very interesting and rare note, fine, (minimum bid $75.00) 21. $5.00 WYOMING—COMPANY STORE CERTIFICATE for Kil- patrick Bros. & Collins, Cambria, Wyoming, January 1897, with miners in oval to center, ornate litho by Gast, St. Louis, reverse large scene of mining operation, unissued, crisp, this is a very rare and desirable note (minimum bid $300.00) 22. 810.00 WEST VIRGINIA—BANK OF PHILIPPI, April 2, 1861, farmer and Indian center, green on cream and black, f/vf, issued 23. $3.00 DC—MERCHANICS AND TRADERS BANK, Georgetown, Nov. 14, 1852, allegorical female center, Ormsby note, issued, crisp, nice 24. $0.00 CONN—STONINGTON BANK, train center, allegorical figures right and left, unissued, rare type, 18—, very handsome note 25. $1.00 MICH—RIVER RAISIN & LAKE ERIE RAILROAD COM- PANY, Monroe, August 1863, large railroad scene center, rare note chartered by the legislature of Michigan. green reverse, issued, rare 26. TERRITORY OF IDAHO, Madison County, "Recorders Office, Virginia City, Aug. 17, 1864, I hereby certify that Steven Edwards has recorded Claim No. 11 for discovery of the Venus lode of 200 feet located near Hot Spring Creek" Signed by the recorder, with allegorical figure holding wheat to left, minor repairs at top otherwise fine, a very rare territory item (minimum bid $85.00) 27. $100.00 NY—BRYANT AND STRATTONS NATIONAL COL- LEGE BANK, hand dated Nov. 18, 1864, allegorical figure center, three soldiers to left, printer to right, signed by president, fine, scarce 28. $3.00 NEB TERR—THE CITY OF OMAHA, Sept. 1, 1857, large allegorical scene lower left, Indian to right, orange and black on white, issued and crisp, a striking beauty 29. $1.00 TENN—CENTRAL BANK OF NASHVILLE, June 25, 1855, slaves loading wood in large central vignette, issued, crisp 30. $5.00 NC—THE BANK OF WASHINGTON, train, 3 allegorical female figures and eagle make this orange and black on white note a truly desirable one, American Bank Note Company, un- issued, crisp 31. $10.00 MASS—MERCHANTS BANK OF WORCESTER, Nov. 15, 1864, ornate note with printed signatures of A. Lincoln, cashier, and A. Jackson, President, printed rev with eagle, fine, scarce 32. $1.00 OHIO—TREASURER OF THE OHIO LAND COMPANY, Medina, April 4, 1838, harbor scene in woodcut type printing with ornate geometric designs, desirable, extra fine 33. $20.00 FLA--COMMERCIAL BANK, Apalachicola, Oct. 1, 1855, two ships center, allegorical figures r and 1, issued, very good 34. $1.00 NEB—CORN EXCHANGE BANK, DeSoto, Dec. 12, 1862, young girls head and beehive to right, cows and milking scene to left, National Bank Note Co., green and black on white, issued, crisp 35. $183.00 ILL—OFFICE OF THE BOARD OF PUBLIC WORKS, Springfield, Fune commission of the state, Jan. 1, 1841, train to left, child head in oval to right, two small hole cancels, rare 36. $5.00 NEB—OMAHA CITY BANK AND LAND COMPANY, Omaha, stunning steamship center, Jas Buchanan to left, girls head to right. Am Bank Note Co., Jan. 6, 1858, very desirable and rare, fine 37. $100.00 TENN—BANK OF WEST TENNESSEE, Memphis, Oct. 1, 1861, Capitol building center, G. Washington to left, allegorical figure of Justice to right, sm hole cancels, rare, fine 38. $2.00 MICH—BANK OF WASHTENAW, Ann Arbor, Mar. 9, 1836, allegorical figures center, issued, crisp and clean 39. $2.00 NEB—NEMAHA VALLEY BANK, Brownville, May 1, 1857, family waving to trail center, Indian riding horse shooting buffalo to left, issued, very rare, very good 40. $5.00 as above, Liberty astride V with small portraits of first five US presidents, Clay and Webster left and right, March 20, 1857, very historic note, issued, VG/F 41. $10.00 as above, 3 young men chasing horse, allegorical female figure center, M. Fillmore to right, March 20, 1857, issued, fine 42. $2.00 WIS—MARINE AND FIRE INSURANCE CO., Winipee, Wis. with office in Chicago, July 10, 1844, 2 figures center, Path- finder to right issued, crisp 43. $1.00 RI—BANK OF AMERICA, Providence, handsome National Bank Note Co. patented note of April 23, 1860, unissued, small stain, crisp 44. $3.00 NC—BANK OF CAPE FEAR, Wilmington, 3 men center, female to left, July 1, 1857, issued, very good 45. $5.00 MICH—BANK OF WASHTENAW, Ann Arbor, Dec. 9, 1835, farmers reaping in field center, Indian in canoe left, woman knitting to right, issued, crisp CLOSING DATE FEBRUARY 28, 1975. BID BY LOT NUMBER PLEASE. USUAL RULES PAUL R. PEEL 1748 SAWYER WAY, COLORADO SPRINGS, COLORADO 80915 WANTED: PAPER AMERICANA, STOCK CERTIFICATE, CHECKS, BROKEN BANK NOTES, ETC. SEND FOR MY FREE ILLUSTRATED LIST OF PAPER AMERICA OBSOLETE CURRENCY AUCTION 46. $20.00 CONN—CITY BANK OF NEW HAVEN, 4 churches center, Clay left, Z. Taylor right, Am Bk Note Co., unissued, crisp 47. $1.00 NJ—UNION COUNTY BANK, Plainfield. Sept. 12, 1859, Justice center, allegorical females r & 1, Am Bk Note Co., very attractive note, unissued, crisp 48. $2.00 as above, horses at rest center, beehive left, female figure at column with word UNION 49. $5.00 as above, man on horse center, female figure at column to left, little girls head to right, signed by president 50. $10.00 MISS—AUDITORS OFFICE SPECIAL WARRANT, state seal at left, Jan. 1, 1896, hole cancel, issued, rare 51. 5c UTAH—BISHOPS GENERAL STOREHOUSE SCRIPT, Salt Lake City, payable in Produce and Merchandise at the storehouse, marked cancelled on reverse, Oct. 1, 1898, printed signature of Wm. B. Preston, picture of storehouse center, crisp, blue on white 52. 10c as above, blue on white 53. 10c as above, payable in meat, red, dated April 1, 1898 54. 10c SCRIPT OF THE GENERAL TITHING STORE HOUSE, bee- hive to left, green and black, July 1, 1899, Wm. B. Preston, very fine, rare 55. 25c as above, for meat only, abt. good condition, very rare 56. $1.00 NEB—BANK OF TEKAMA, Sept. 1, 1857, Justice and In- dian seated by seal, two Indians to left, trapper to right, issued repaired on reverse otherwise very good, rare note 57. $100.00 VA—EXCHANGE BANK, Norfolk, May 5, 1863, alle- gorical female figure in armour center flanked by Washington and Marshall 1 and r, allegorical farm figures r and 1, issued, crisp 58. 81.00 MD—TIDE WATER CANAL, Baltimore, May 1, 1840, wharf scene to right, canal scene left end, issued, fine 59. $20.00 NY—THE NEW YORK LOAD COMPANY, March 27, 1838, cherub mounted on lion to right, issued interest bearing, crisp 60. $1.00 PENN—MONTGOMERY COUNTY BANK, Norristown, Jan. 2, 1865, portraits of four Civil War officers, Col. Edwin Scha11, Gen. Adam Slemmer, Gen. Winfield Hancock, and Gen. John F. Hartranft ; view of bank center, also bust of Washington used on essays for US 1851 3c stamp. a magnificent Am Bk Note Co. example, issued and crisp 61. LOTTERY BROKER ADVERTISEMENT NOTE . . . JOSEPH BATES, broker, 78 Broadway, Jan. 1, 1866 with portrait of Bates center and 78 in oval at top right and left, printed reverse, rare 62. $2.00 RI—MOUNT HOPE BANK, Bristol, City Hall center, ornate geometric designs, 18—, unissued, crisp early type 63. 83.09 MD—FARMERS & MERCHANTS BANK, Greensborough, Aug. 15, 1862 eagle center, cow left, female bust right, Am Bk Note Co., green and black on white, very good, clean note 64. $10.00 CONN—UNION BANK OF NEW LONDON, sailing ships at sea in center scene, man to left, unissued, crisp 65. 25c PENN—BOROUGH OF YORK, June 19, 1843, Conestoga Wagon center, allegorical figures 1 and r, reverse of Piller Dollar, small portion of upper corner trimmed, unissued, crisp, rare note C6. $10.00 PENN—COMMERCIAL BANK, Philadelphia, Jan. 8, 1824, Allegorical figure with anchor center, issued, very good/fine 67. 5c PENN—BOROUGH OF WILLIAMSPORT, Jan. 27, 1863, canal scene to left, Indian princess to right, red and black on white, Am Bk Note Co., a beauty, issued, crisp 68. $5.00 NC—BANK OF CAPE FEAR, Wilmington, July 6, 1860, workman to right, man in oval left, issued, very good/fine 69. $10.00 MA—NEW ENGLAND BANK, Fairmount. Oct. 1, 1857, family resting left half, Jas Buchanan to right, backed cut can- cel, crisp 70. $5.00 DC—GOVERNMENT BANK, Washington, Nov. 15, 1862, magnificent spread winged eagle in center, green and black, issued, crisp 71. $20.00 MISS—EXCHANGE OFFICE, Holly Springs, Indian center, blue on white, printed on a 1, 2 and 3 dollar note of the State of La. which are issued, crisp 72. $100.00 MISS—THE MISSISSIPPI & ALABAMA RAILROAD COMPANY, Brandon, Jan. 1, 1838, train center with Justice Marshall r & 1, Justice with scales r and 1, orange rev., upper left corner missing, extra fine, issued 73. $1.00 NJ—JERSEY BANK, Jersey City, Allegorical female figure with anchor center, Aug. 15, 1825, issued, very good 74. $3.00 MA—SEARSPORT BANK, sailor with flag to left, cattle in center, female figure with telescope to right, Am Bk Note Co., unissued, crisp 75. $1.00 STATE OF FLORIDA NOTE, Cr. 19, Negro Carrying Cot- ton, child left, March 1, 1862, issued, crisp 76. $2.00 as above, Cr. 18, Railway train, Ceres left, Indian Maiden to right, red and black, issued, crisp 77. $5.00, as above, Cr. 16, Moneta seated, Indian at left, red and black, issued, very fine/extra fine 78, $5.00, as above, Cr. 34, dated March 1, 1864, very fine/issued 79. $1.00 STATE OF FLORIDA, Dec. 6, 1861, Cr 9A, Washington left, Tellus Seated at right, issued, fine 80. $2.00 STATE OF FLORIDA, as above, very fine, Cr. 8A 81. $3.00 as above, dated October 10, 1861 first issue of first month, Cr. 7A, issued, fine 82. $5 ,0.00 STATE OF LOUISIANA, Shreveport, March 10, 1863, Bust of General Leonadis Polk, Liberty right, issued, Cr. 12, VF 83. $100.00 STATE OF LOUISIANA, Cr. 11, fancy greenish-blue reverse, state capitol, Bust of Gov. T. 0, Moore, issued, crisp 84. $10.00 BANK OF THE UNITED STATES, Philadelphia, June 17, 1831, Eagle on shield center, signed by N. Biddle as ores, fine, nice 85. $10.00 as above dated July 1, 1835, with pen cancels and some ink erosion spots, very fine otherwise, rare 86. $1.00 CENTRAL NORMAL COLLEGE CURRENCY of Danville. Indiana, 2 female heads to left, ship to right, pink reverse, crisp 87. $5.00 as above, little girls head to left, horse head to right, crisp 88. $50.00 as above, charging buffalo to left, beehive to right, crisp 89. $5.00 STATE OF FLORIDA, Oct. 10, 1861, Ceres seated, Cr 6, VF 90. $10.00 as above, Cr. 5, XF 91. $20.00 as above, Cr. 4, fine 92. $50.00 as above. Cr. 3, fine 93. $100.00 as above, Cr. 2, very good 94. $5.00 STATE OF NORTH CAROLINA, Feb. 1, 1862, Cr. 85, Ceres seated, train far right end, very good to fine 95. $10.00 STATE OF NORTH CAROLINA, Raleigh, Cr. 84, March 1, 1862, railway train, fundable in 8% , bonds, extra fine 96. $20.00 STATE OF NORTH CAROLINA, Raleigh, March 1, 1862, Cr. 78 Ceres Volant, fine 97. $10.00 TREASURY NOTE OF THE STATE OF VIRGINIA, Oc- tober 15, 1862, Cr. 9, Ceres seated, bust of Gov. J. B, Floyd, crisp 98. $20.00 VIRGINIA TREASURY NOTE, Richmond, Cr. 3, July 15, 1861, Bust of Washington, Minerva left, grene and black, very fine CLOSING DATE FEBRUARY 28, 1975. BID BY LOT NUMBER PLEASE. USUAL RULES PAUL R. PEEL 1748 SAWYER WAY, COLORADO SPRINGS, COLORADO 80915 WANTED: PAPER AMERICANA, STOCK CERTIFICATE, CHECKS, BROKEN BANK NOTES, ETC. SEND FOR MY FREE ILLUSTRATED LIST OF PAPER AMERICA KELLY WANTS TO BUY OHIO NATIONALS Large-Size and Modern-Size Notes Describe and price your notes. If you prefer, I have many desir- able nationals and type notes to trade for Ohio notes. I also want to buy nationals from other states, rare type notes, fractional cur- rency, colonials, and obsoletes. Write or call. DON. C. KELLY Box 3115 Hamilton, Ohio 45013 Phone 513-523-3805 KELLY ALSO WANTS TO SELL: Friedberg numbers used for large-size notes. Any item not com- pletely satisfactory may be returned within five days of receipt for an immediate cash refund. Send your want list and receive our next regular list. LAIIGE-SIZE TYPE NOTES F-29 $1 1880 CU, Gilfillan auto- graph $100 F-37 $1 1917 AU ....$25; CU $42.50 F-41 $2 1862 Bright, crisp AU $300 F-42 $2 1869 CU GEM $750 F-80 or F-81 $5 1880 CU $150 F-88 $5 1907 VF $ 20 F-95 $10 1862 Fine $115 F-106 $10 1880 CU GEM $450 F-132 $20 1880 CU, a very scarce note in all conditions $650 F-214 $10 Refunding Certificate Nearly VF. A very handsome ex- ample of this rare certificate $950 F-225 $1 Educational. Choice AU $180 F-245 $2 Windom. XF, looks better $300 F-1 104 $100 FRN, CU GEM $325 F-1173 $10 1922 Gold VG-F ....$20; AU $ 80 Don C. NATIONALS (Ch No. at left) W8675 $10 F-626 Delta, Colo. G-VG Heavy centerfold $135 3395 $20 29-1 Wilmington, Del. VF $ 85 7276 $20 29-1 FNB of Catlin, Ill. F-VF $ 55 M984 $50 F-664 Indianapolis, Ind. F-VF $120 W7646 $10 F-624 Garden City, Kans VG $170 12961 $20 29-1 Paducah, Ky. VG S 40 (669) $2 F-387 Dedham, Mass. Lazy Two AU $725 (1712) $1 F-382 California, Mo. CU $500 12916 $5, $10, $20 29-1 Boatmen's NB of St. Louis, Mo. Set of uncut sheets of 6. Each with serials A-E000014A. CU $2000 11862 $5 F-607 Bro of Locomotive Engineers Co-Op NB of Cleveland, Ohio VG $ 65 S6078 $20 F-555 City NB of Forney, Texas. Fine $150 Kelly BOX 3115 HAMILTON, OHIO 45013 Phone 513-523-3805 An Exceptional Offering Slaux gnstian -chki unkpapa - 4:"Arkftmlitalt.7x 'r aarrr N629n768:- $5.00 SILVER CERTIFICATE Series of 1899 One of the most popular of all designs in large size currency. A thrill to own and display. Very seldom can you find a choice un- circulated "Oneapapa" note, so our discovery of a few cut sheets will probably not be repeated in the near future. It is interesting to note how the design originated. "Running Antelope", a Sioux Indian, best known as "Chief Oneapapa", is featured on the front. The most popular of the many versions of how the Indian Chief design was created seems to be that the Chief of the Uncpapa or Hunkpapa Sioux tribe wore a headress with three feathers which projected too high to look attractive. Therefore, a Pawnee warbonnet was obtained, but since it belonged to a rival tribe, the Sioux Indian refused to pose with it. The bonnet was then photographed on an employee of the Engraving Division, cut out and super-imposed on the photograph of the Sioux. The design was engraved by Geo. F. X. Smillie in November, 1899. Choice large size notes are one of the most underrated segments of the numismatic market today. Recently, high grade notes have been bringing two to five times book value, but they still have a long way to go to reach their potential. AN EXCELLENT INVESTMENT FR #281 CU Singles $ 275.00 Donlon #205-31 CU Cut Sheet $1100.00 in!4 COIN COMPANY ANA Life Member 3141 28th St., P. 0. Box T RCDA Boulder, Colorado 80302 Life Member Phone (303) 444 - 2426 WANTED KANSAS NATIONALS TYPE NOTES WANTED Any Original Series $10 pay 300.00 Any Original Series $20 pay 450.00 Any Series of 1875 $50 pay 1750.00 Any Series of 1875 $100 pay 1750.00 Any Brown Back $100 pay 400.00 Any 1882 Dated Back $50 pay 400.00 Any 1882 Value Back $5 pay 300.00 Any 1929 Type II $50 pay 500.00 We will pay the above prices for VG or better notes and cor- respondingly more for notes XF or better. CHARTER NUMBERS WANTED We will pay $300 for any of the following Charter Numbers, any type in any condition. #2192 #3473 #3791 #2640 #3512 #3805 #2954 #3563 #3807 #2990 #3564 #3812 #3002 #3567 #3833 #3035 #3569 #3835 #3090 #3594 #3844 #3108 #3667 #3852 #3194 #3695 #3853 #3I99 #3703 #3880 #3249 #3710 #3900 #3265 #3737 #3928 #3384 #3751 #3963 #3386 #3758 #3992 #3394 #3769 #4150 #3431 #3775 #4288 #3440 #3776 #9097 #3443 #3787 #11887 There are many other Kansas Nationals that we are interested in other than those listed above. If you have any Kansas Na- tionals for sale, please write giving the charter number, type and Friedberg numbers. Please price all notes in your first cor- respondence as we will not make offers. We Also Want Uncut Sheets of Kansas Nationals Joe Flynn, Sr. Coin Co., Inc. BOX 3140 2854 W. 47th STREET KANSAS CITY, KANSAS 66103 PHONE 913-236-7171 WHEN YOU THINK C-A-N-A-D-A THINK Cl- ARI,TON MISMATICS Innovators In The Field of Canadian Numismatics • Appraisers • Consultants • Licensed Auctioneers 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 Cr 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-1898 firearms, etc. (No "Wells Fargo" buckles 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; NOW only $10.00 Postpaid. M. PERLMUTTER P. O. BOX 476, NEWTON CTR., MA. 02159 Phone: 1-617 332-6119 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. MONTHLY FEATURE Chariton's Spring Auction IS SCHEDULED FOR MARCH 14-15, 1975 IN THE FOUR SEASONS-SHER- ATON HOTEL, TORONTO, CANADA. 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 DANK REFERENCES SUPPLIED ON REQUEST CHARLTON [NUMISMATICS LTD. 299 Queen St. West — Toronto, M5V 1 Z9, Canada TEL; (416) 362-5281 TELEX: 06-219750 ANA PNG CNA • • • Moniteau National ll;i icorrea %tat,;tom.. Opening a New Shop—New Facilities but same Faces—Same Pronto Serv- ice—Over 25 years of Enjoying the Hobby and the people associated with it. Whether Buying, Selling, or Just Visiting; Y'ALL Come See Us. P.S. There is always a Note or bond or some currency lying around to entice you. -,.`', St ,IFY Y...„, \)...... 110== 7i , . i■a- aM4-W. 220 Alamo Plaza, San Antonio, Texas 78205 (Beside The Alamo) (512) 225-5191 696 Viedia,r RARE COINS and CURRENCY HERE'S OUR NEW ADDRESS RARE cOINS ctiffeA Appraisers— Cataloguers— Buyers— Sellers of Better Bonds, Currency, Scrip, Texana or Coins. RARE COINS J:d currW:‘ MISSOURI NATIONALS WANTED • Will Buy Any Condition If I Need The Bank. Keenly interested in Uncut Sheets Cy 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 MOVING ON! NOW, WE'LL BE SERVING YOU FROM SAN ANTONIO, TEXAS S.P.M.C. No. 493 A.N.A. No. R-051823 • Confederate, Obsolete, Colonial and Continental Currency 19th Century Checks and Stock Certificates All types of Documents of the 18th-19th Centuries • Lawrence Marsh P. O. BOX 9279 ST. LOUIS, MISSOURI 63117 WANTED WANTED IOWA IOWA IOWA IOWA NATIONAL BANK NOTES From the following IOWA cities and towns . Adair Estherville Holstein Marshalltown Afton Floyd Ida Grove Nashua Belmond Fort Madison Ireton Northboro Blockton Garden Grove Jesup Olin Brighton Gilmore Lansing Orange City Brooklyn Goldfield Lawler Sanborn Clutier Grafton Lineville Sutherland Coin Hamburg Linn Grove Wesley College Springs Harlan Lisbon Dike Harris Macksburg Please state condition and price or send insurad for my fair offer to WILLIAM R. HIGGINS, JR. BOX 64, OKOBOJI, IOWA 51355 ANA Life #109 SPMC #2950 D. C. OBSOLETE NOTES • 1.00 Farmers C.7 Merchants Bank. 1862. Fine $17.00 1.50 Farmers 6- Merchants Bank. 1862. Fine plus 22.00 50c Farmers C.7 Merchants Bank. 1862. V. F. 11.00 1.00 Potomac Savings Bank. 1851. Fine 13.00 1.00 Potomac River Bank. 1855. Unc. 12.00 2.00 Mechanics Bank. 1852. Fine 11.00 3.00 Mechanics Bank, Georgetown. 1852. V. F. 22.00 1.00 Merchants' Bank. 1852. Unc. 12.00 3.00 Merchants' Bank. 1852. Fine plus 15.00 1.00 People's Bank of North America. 1852. Fine 12.50 1.00 Merchants' Exchange Bank, Anacostia. 1854 Unc. '13.00 1.00 Metropolitan Bank. 1854. Fine 10.50 2.00 Bank of America. 1852. Unc. 12.50 3.00 Bank of America. 1852. Unc. 12.00 1.00 Southern Manufacturers Bank. 1852. V. G. 20.00 5.00 Union Bank of Georgetown. 1815. Rare. V. F. 25.00 1.00 Government Bank. 1862. V. F. 14.00 5.00 Government Bank. 1862. Plain rev. Unc. 9.50 5.00 Bank of District of Columbia. 1858. V. F. 11.00 1.00 Bank of Anacostia. 1854. Fine 8.00 1.00 Chesapeake C.7 Ohio Canal. 1839. V. F. 7.50 1.00 Columbia Bank. 1852. Unc. 12.00 3.00 Columbia Bank. 1852. Unc. 16.00 5.00 Bullion Bank. 1861. X. F. 11.00 3.00 Bank of the Union. 1851. Unc. 18.00 • Many other obsolete and colonial notes in stock. Want lists solicited. Want to buy notes of all kinds. RICHARD T. HOOBER P. O. Box 196, Newfoundland, Penna. 18445 FOR SALE CURRENCY FOR SALE UNCUT SHEET-$10.00, Ty. #1, 1929 National Currency, Charter #13589, VIBORG, SOUTH DAKOTA, Serial A000001A thru F000001A, (6-Notes). 1st Sheet of $10's issued to Bank. Choice CU Condition $2500.00 UNCUT SHEET-$5.00, Ty. #1, 1929 National Currency, Charter #1812, CASSOPOL I S, MICHIGAN. Serial A000428A thru F000428A, (6-notes) , Real nice CU Condition Sheet $425.00 LARGE SIZE "LOW" AND "FANCY" SERIAL NUMBER NOTES: FR. #39, $1.00, 1917 Series, Serial #T3A, Very LOW CU $200.00 FR. #723. $1.00, 1918 Series, National Currency- FRB-ATLANTA, GEORGIA, DISTRICT F-6, SERIAL #F-6-A, QUITE UNUSUAL CU $250.00 FR. #282, $5.00, 1923 Series, Silver Certificate- "PORTHOLE" note, Serial #A7B, Has slight mishandling right side-but nice CU $400.00 (Satisfaction Guaranteed on any of above notes or Sheets.) Have other LARGE and SMALL size LOW and FANCY SERIAL NUMBER NOTES IN STOCK. LIST AVAILABLE FOR A LARGE SIZE, SELF-ADDRESSED STAMPED ENVELOPE. ROBERT A. CONDO P. 0. BOX 304, DRAYTON PLAINS, MICHIGAN 48020 ANA-LN 813, SPMC-2153 David Keable 38 Clyde Road, Croydon, Surrey, U.K. Old Stock Certificates! • HIGH QUALITY ENGRAVINGS • ORNATE & COLORFUL • BEAUTIFUL VIGNETTES-RAILROAD, MINING, NAUTICAL, ETC. • MANY WITH FAMOUS SIGNATURES • FROM THE 1830's TO PRESENT DAY SPECIAL-3 Beautiful Certificates ( including Railroad) and I I lustrated Catalog $2.00 ALSO EAGER TO BUY ALL STOCK CERTIFICATES, BONDS, AND EXPRESS COMPANY PAPER. KEN PRAG BOX 431PM HAWTHORNE, CALIF. 90250 COLLECTORS We stock Quality Bank Notes- • ENGLISH, • SCOTTISH, • IRISH, • COLONIAL, • FOREIGN, • RARITIES FOR THE EXPERT Write now for complete lists DAVID KEABLE I BNS-ANA-LANSA-CCRT-SPMC 38 Clyde Rd. Croydon, Surrey, U.K. 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. • THE VAULT P. O. BOX 2283 PRESCOTT, ARIZ. 86301 THERE COMES A TIME . . . when every collector decides to thin out or liquidate his collection. Parting with memorable and interesting material is never easy, and in most cases the collector will not ever know the new owner of his material. Selling or auctioning to "unknown parties" until now was about the only choice he had. Now there is a better choice! Your material can be integrated into the largest active collection of New England obsolete notes being assembled today. Your material will still remain available for exhibit and research purposes. Selling your collec- tion or duplicates to someone who knows and ap- preciates that material is the better choice! Paying generously for nice material. Please con- tact me. I know you will be glad you did! Specializing in obsolete and broken bank notes and scrip of the New England States. Duplicates for sale or trade—will send on approval. C. JOHN FERRERI P. O. BOX #33, STORRS, CONN. 06268 A.N.A. 1-203-429-6970 SPMC SMALL SIZE IOWA NATIONAL CURRENCY WANTED Adrian, Nat. B. of Adrian #9033 Barnum, 1st Nat. B. #11761 Brewster, 1st Nat. B. #10948 Canby, 1st Nat. B. #6366 Cold Spring, 1st Nat. B. #8051 Cottonwood, 1st. Nat. B. #6584 Deer River, 1st Nat. B. #9131 Grand Meadow, 1st Nat. B. #6933 Halstad, 1st Nat. B. #7196 Hendricks, 1st Nat. B. #6468 Hendricks, Farmers Nat. B. #9457 Kerkhoven, 1st Nat. B. #11365 Le Sueur, 1st Nat. B. #7199 Lanesboro, 1st Nat. B. #10507 Madison, 1st Nat. B. #6795 Mankato, Nat. B. Commerce #6519 Mapleton, 1st Nat. B. #6787 McIntosh, 1st Nat. B. #6488 Menahga, 1st Nat. B. #11740 Minncsota Lake, Farmers Nat. B. #6532 Osakis, 1st Nat. B. #6837 Park Rapids, Citizens Nat. B. #13692 Pipestone, Pipestone Nat. B. #10936 Roseau, Roseau County Nat. B. #11848 Sauk Center, 1st Nat. B. #3155 Stewartville, 1st Nat. B. #5330 Staples, 1st Nat. B. #5568 Verndale, 1st Nat. B. #6022 Wendall, 1st Nat. B. #10898 Wheaton, 1st Nat. B. #6035 Windom, Window Nat. B. #6396 Blockton, 1st Nat. B. #8211 Bloomfield, Nat. B. of Bloomfield #9303 Burt, 1st Nat. B. #5685 Casey, Abram Rutt Nat. B. #8099 Clarence, 1st Nat. 13. #7682 Clearfield, 1st Nat. B. #9549 Coin, 1st Nat. B. #7309 Conrad, 1st Nat. B. #9447 Davenport, 1st Nat. B. #15 Floyd, 1st Nat. B. #9821 Fontanelle, 1st Nat. B. #7061 Fredericksburg, 1st Nat. B. #10541 Glenwood, Mills County Nat. B. #1862 Griswold, Griswold Nat. B. #8915 Kanawha, 1st Nat. B. #9018 Keokuk, Keokuk Nat. B. #14309 Laurens, 1st Nat. B. #4795 Linn Grove, 1st Nat. B. #7137 Macksburg, Macksburg Nat. B. #6852 Malvern, Malvern Nat. B. #8057 Monroe, Monroe Nat. B. #7357 Montezuma, 1st Nat. B. #2961 Nevada, Nevada Nat. B. #14065 Ottumwa, Iowa Nat. B. #1726 Red Oak, Farmers Nat. B. #6056 Seymour, 1st Nat. B. #8247 Sigourney, 1st Nat. B. #1786 Sioux City, Sioux Nat. B. #4510 Stuart, 1st Nat. B. #2721 Villisca, Nodaway Valley Nat. B. #14041 Williams, 1st Nat. B. #5585 Wyoming, 1st Nat. B. #1943 Also Wanted—Small-Size Frankfort, Ky., State Nat. B. Salem, Ore., 1st Nat. B. #3405 #4090 Salem, Ore., United States Nat. Frankfort, Ky., Nat. Branch B. B. #9021 #5376 Olympia, Wash., Capital Nat. B Santa Fe, N.M., 1st Nat. B. #1750 #4297 State price and condition or send for my fair offer. I have many notes in stock as well What do you need? SMALL-SIZE MINNESOTA NATIONAL CURRENCY WANTED JOHN R. PALM Deephaven 18475 THORPE ROAD, WAYZATA, MINN. 55391 WILLIAM R. HIGGINS, JR • BOX 64, OKOBOJI, IOWA 51355 A.N.A. Life #109 S.P.M.C. #2950 Collector/Dealer Since 1935 SPMC #38 WANTED "LAZY TWO" GRAND RAPIDS, WIS. Society Certified Professional Numismatists O Universal Numismatics Corp. FLOYD 0 JANNEY LM No 415 P O. Boo 143 Waukesha, Wisc. 53186 ARIZONA & WYOMING STATE AND TERRITORIAL NATIONALS WANTED All banks, all series, any condition except washed or doctored notes. Top prices paid—many trades PETER HUNTOON P. 0. Box 3681, Laramie, Wyoming 82071 Bellevue, Ohio WANTED BY COLLECTOR Could you please help me find a 3rd Charter $10.00 note on The First National Bank of Bellevue, Ohio Charter #2302? I'm also interested in other Bellevue, Ohio First National Bank notes. GERALD C. SCHWARTZ 270 NORTHWEST ST., BELLEVUE, OHIO 44811 FREE LIST of POPULAR • SCARCE • RARE WORLD PAPER MONEY Now Available! MHR'S COIN CABIN DEPT. PM 9728 SEAVIEW AVE., BROOKLYN, NY 11236 Worldwide Banknotes $1.00 Gets You My 92-Page Stocklist, Largest Fixed Pricelist of Foreign Banknotes in the World (Overseas airmail $2.00) Have you foreign banknotes to sell? I am a buyer for all worthwhile paper money. If you are buying or selling it will pay you to contact me. GARY F. SNOVElt Currency of the World P.O. BOX 3034, SAN BERNARDINO, CAL. 92413 NATIONAL BANK NOTES If you have National Bank Notes to sell or want to buy Nationals, it will pay you to contact me. Lists sent out about every 10 weeks. I am always in the market for notes. SELL HARRY YOUR MISTAKES! Harry wants to buy currency er- rors . . . large and small-size notes . . . also interested in buying Na- tionals—Uncut sheets . . . Black Charter No. Red Seals. Harry is selling error notes. Please write for list or specify notes .. . a large selection of error notes available. CURTIS IVERSEN P. 0. BOX 1221 SIOUX CITY, IOWA 51102 Phone 712-255-6882 or 712-365-4514 HARRY E. JONES P. 0. BOX 42043 CLEVELAND, OHIO 44142 WANTED WANTED WANTED • NATIONAL BANK NOTES FROM OHIO, ESPECIALLY FIRST AND SECOND CHARTER NOTES FROM CINCINNATI AND SURROUNDING CITIES. I have many good type notes to trade for Ohio issues that I need. Ohio notes aren't particularly scarce and should be tradeable with type collectors for notes from surrounding states. Satisfaction guaranteed. • For Sale For Sale For Sale Collecting paper money since 1942 has produced some duplicates. Are any of the following of interest? F-16 UNC Slight top staining, 1 small F-321 XF Looks AU but has been folded; pinhole $165 no ink breaks Very bright copy $200 F-16 XF+ Clean and bright, faint creases $135 F-41 XF— Fully XF except two small areas hinge removal from reverse .... $225 F-366 Appears VF but has several small pinholes $235 F-387 XF Vermont Charter 1430 Vermont NB of Brattleboro Close on bottom, $135 nice pen sigs. F-64 UNC Faint UR corner stain, other- wise perfect $700 $330 F-64 UNC Bright colors and seal; very slight tanning of paper $145 F-69 XF Well-centered, vivid seal and medallion, bright blue streak on reverse $215 F-95a VF Choice example of this grade, Both sides bright $185 F-80 AU Very bright copy $85 F-129 AU Very slight evidence of circula- tion $360 F-404 AU Ill. Charter 2390 Green County NB of Carrollton Face looks new Reverse shows faint fold and some light soil at top F-469 AU NY Charter 1461E. Nat'l City Bof NYC. Small pin holes two cor- ners, otherwise, new $170 F-479 CU NY Charter 255. First NB of Oswego, NY $235 F-484 CU MO Charter 4178M. NB of F-293 VF+ Very nice copy, no ink breaks; Commerce of St. Louis Bright and few small spots face of note $180 new, about in GEM category $235 I offer the standard terms of sale and I pay the postage. Certified or Cashier's Checks receive immediate shipment. Notes may be returned in seven days for refund. But there is more: As a collector I am very sensitive to grading and I would like to find some way to prop up the sagging standards of grading paper money that seem to be moving in upon us. For notes I sell, I extend the "guarantee" another notch. Should anyone return a note to me for vague or general reasons . . . his privilege . . . he pays the return postage and insurance. But if he honestly feels the note is overgraded . . . or defects not adequately described . . . he tells me so with his return and I reimburse him for the return postage and registration fee. That's fair to him . . . and keeps me honest. WILLIAM P. KOSTER SPMC #3240 ANA #70083 8005 South Clippinger Drive Cincinnati, Ohio 45243 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. SPMC #8 ANA #11304 P. 0. BOX 858 ANDERSON, SOUTH CAROLINA 29621 Donlon Wishes His Many Friends IN THE Sacietti Papin Mom, Coilactom ALL THE BEST IN 1975. May It Be One Of The Happiest, Most Healthful And Most Rewarding Years You Have Known. WHEN READY TO DISPOSE OF YOUR ENTIRE COL- LECTION OF PAPER MONEY OR YOUR DUPLICATES, FOR TOP DOLLAR CONSIGN THOSE ITEMS FOR DONLON'S NEXT MAIL BID SALE Join the many well-pleased consignors. Liberal Terms. Cash advances. Our clientele includes the elite of paper money collectors. Self-addressed stamped envelope appreciated with inquiries. WATCH FOR DONLON'S USUAL BACK COVER AD IN THE MARCH ISSUE. WILLIAM P. DONLON P. O. Box 144, Utica, New York 13503 ANA 4295 S. P. M. C. Charter Member P.N.G. #70 Life Member No. 101