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Table of Contents
my • August
I IX
88
TONOPAH RAILROADS
ESTABLISHED - 1905-1908
Tonopah
(1)
• Klondike
Goldfield
(4)
After 73 years, another great rarity has been added to the ranks of classic National Bank
Notes of all time. Owen Warns tells the story of the unique No. 1 Tonopah, Nevada Red
Seal 01 01011'90e.
NEVADA
Bullfrog
egas
IT'S HERE!!
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Paper Money
Page 199
Official Bimonthly Publication of
The Society of Paper Money Collectors, Inc.
Vol. XIX No. 4 Whole No. 88 JUL/AUG 1980
ISSN 0031-1162
BARBARA R. MUELLER, Editor
225 S. Fischer Ave. Jefferson, WI 53549 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
publication (e.g., Feb. 1 for March issue, etc.)
SOCIETY BUSINESS & 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 3666,
Cranston, RI 02910.
IN THIS ISSUE
TONAPAH NEVADA RED SEAL SURFACES
M. Owen Warns, NLG 201
A MINNESOTA NATIONALS HOARD
Jim Wheeler 206
MATERIAL AND MANUFACTURE OF BANK NOTES
IN GREAT BRITAIN
Reprint 209
INTERESTING NOTES 'BOUT INTERESTING NOTES
Roger H. Durand 214
1929-1935 NATIONAL BANK NOTE VARIETIES
M. Owen Warns 215
THE PAPER COLUMN
Peter Huntoon 217
THE HIGGINS PAPER MONEY MUSEUM 219
OBERAMMERGAU PASSION PLAY ON NOTGELD
John Glynn 221
SYNGRAPHICS, SCRIPOPHILY AND STAMPS 224
THE VIGNETTE OF THE S. S. ADRIATIC ON
SECURITY PAPER
Donald E. Haller Jr. 225
THE NATIONAL RAILROAD COMPANY BOND
Clifford Leak 227
REGULAR FEATURES
COPE REPORT 216
LITERATURE REVIEW 222
INTEREST BEARING NOTES 223
LIBRARY NOTES 223
SECRETARY'S REPORT 232
COMING EVENTS 235
MONEY MART 236
Society of Paper Money Collectors
OFFICERS
PRESIDENT
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VICE-PRESIDENT
Larry Adams, 969 Park Circle, Boone, IA 50036
SECRETARY
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TREASURER
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APPOINTEES
EDITOR
Barbara R. Mueller, 225 S. Fischer Ave.,
Jefferson, WI 53549
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PUBLICITY CHAIRMAN
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BOARD OF GOVERNORS
Larry Adams, Thomas C. Bain, Charles Colver, Michael
Crabb, Jr., C. John Ferreri, Paul Garland, Peter Huntoon,
Richard Jones, Robert Medlar, Charles O'Donnell, Jr.,
Jaspar Payne, Stephen Taylor, Harry Wigington, J.
Thomas Wills, Jr., Wendell Wolka.
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
annual 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 character.
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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
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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.
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of Paper Money.
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The Society of Paper Money Collectors, Inc.
P.O. Box 150, Glen Ridge, N.J. 07028
Library Services
The Society maintains a lending library for the use of Librarian — Wendell Wolka, P.O. Box 366, Hinsdale, Ill.
the members only. For further information, write the 60521.
Page 200
Whole No. 88
Paper Money Page 201
Unique No. 1 Tonopah, Nevada Red Seal
National Bank Note Surfaces After 73 Years
By M. Owen Warns, NLG
Fr. #597, Third Charter Red Seal No. 1 note issued by the Nevada First National
Bank of Tonopah on Jan. 31, 1907. The note bears the rare and final signature
combination used on the Red Seals — William T. Vernon, Register of the Treasury,
and Charles H. Treat, Treasurer of the United States — as well as the local bank
officers' signatures — Lewis A. Parkhurst, president, and R. H. Harris, cashier. The
note is from position "B" on a four-subject plate layout.
TOTAL THIRD CHARTER RED SEAL NOTES ISSUED
TO CHARTER 8530
5-5-5-5 plate, $50,000, 2500 sheets, serials 1-2500 =10,000-$ 5 notes
10-10-10-20 plate, $55,000, 1100 sheets, serials 1-1100 3,300-$ 10 notes
1,100-$ 20 notes
50-100 plate, 45,000, 300 sheets, serials 1-300 = 300-$ 50 notes
300-$100 notes
Total amount issued $150,000. Total notes issued 15,000.
Not even by the most optimistic stretch of the
imagination could collectors of National Bank Note
issues harbor visions of finding a Third Charter Red
Seal note from Tonopah, Nevada, especially after 73
years had elapsed since such notes were issued. The $5
discovery specimen was originally presented to bank
president Lewis A. Parkhurst, whose family members
preserved the note in memory of his association with the
bank and the early days of a great mining camp.
With the significant discovery of this great rarity
another star has been added to the firmament of the
classic National Bank Notes of all time.
History of This Tonopah Red Seal Note
After signing the note, "Uncle" Lewis Parkhurst
presented it to his mother, Martha Gruelle Parkhurst,
who lived at Pacific Grove, California. With her
passing, the note was returned to Parkhurst and after
his death in 1957, it was given to its present owner by his
wife Flora.
An artist's rendering of the Palace Hotel, courtesy of the
Bank of California.
Page 202
Early in life, Lewis A. (Asa) Parkhurst made several
successful investments in mining ventures, particularly
in the Virginia City and Tonopah Mining Districts. It
was at the latter that he went on to assume the
presidency of the Nevada First National Bank of
Tonopah. After leaving Tonopah, Parkhurst moved to
San Francisco where he maintained a suite of rooms at
the much-publicized Palace Hotel, which had been built
and financed by the Bank of California. At the time of
its opening there was nothing in the nation comparable
to its size or lush appointments for guests. It was here
that Flora began work for Parkhurst as his personal
secretary. Later they were married.
A fortuitous twist of fate occured early this year to
preserve the note for posterity. On January 5th, the
present owner of the Red Seal left his home for a short
time, forgetting to close the entrance door. As a result, a
person or persons entered and removed several items of
value, including the note. It had been displayed beneath
an oval, colored portrait of Parkhurst's mother. Not
until a week later was the loss of the note discovered.
Surprisingly, shortly thereafter it was retrieved by a
local dealer. Now the note no longer hangs on the living
room wall; it is in a safe and secure place.
The note as displayed under the portrait
of bank president Lewis Parkhurst's
mother.
Brief History of the Tonopah Mining
District
One Jim Butler, rancher and erstwhile district
attorney of Nye County (having been elected to that
office in 1896), left his Monitor Valley spread on a
spring morning in 1900 to travel southward toward the
Whole No. 88
mining camp of Klondyke where valuable silver
deposits had been reported. Butler stopped for the night
with his burro on May 17th at a watering place known to
the local Indians as Tonopah Springs, loosely meaning
"place of good water". During the night the burro
strayed away. When Butler found him, he was pawing
away at the side of a hill and had loosened several
bluish-black rocks. Butler thought the rocks could be
silver-bearing ore, so he took several chunks along with
him. Not until mid-August did his frugal wife, by
scrimping and scraping, save enough money to have
the rocks assayed. The assay revealed an unbelievably
rich deposit of silver ore. Mrs. Butler hastily staked out
what became known as "The Mispah" claim, which
turned out to be the greatest producer in the Tonopah
Mining District. That District went on to produce $150
million in silver, second only to Virginia's Comstock.
When the news of the strike broke, miners from all
over Nevada, California and other western states
stampeded into the small camp site. The filing and
staking of hundreds of claims followed. By 1907 there
were more than 30 large, rich silver producing mines,
stock which was being traded on the Tonopah
Mining Stock Exchange. The first settlement was
known as "Butler" but later the camp assumed the
name of Tonopah, part of the original Indian
designation.
Goods destined for the earliest mining camps were
hauled chiefly in ox-drawn freighters. By the close of the
19th century the oxen had been replaced by strong
young horses and muels, which pulled the canvas-
covered freighters as shown on this picture of Brougher
Street in Tonopah in 1903. Courtesy, Nevada Historical
Society.
Tonopah Enables Nevada To Regain Its
Silver State Status
Jim Butler's important discovery came at a time when
mining in Nevada had ebbed to a new low. The silver
production in the Mining Districts of Virginia, Eureka
and Austin had fallen off along with their populations.
Business failures were rampant. The First National
Bank of Reno, Charter 2478, was an early casualty; it
was liquidated in 1896.
The discovery of the Tonopah bonanza initiated a
Paper Money
series of favorable actions that created new mining
history with far-reaching effects. It gave the state a
chance to redeem itself as the leading producer of silver.
With this stimulus came many new mining camps;
others such as Silver Peak, Gold Center, Hornsilver,
Rhyolite, Bullfrog, Weepah, Columbus and Lida were
reactivated. Large numbers of their shares were again
being actively traded across the state and on the San
Francisco Mining Exchange. Fortunes were again
being made overnight, the greatest of which was reaped
by the team of George Stuart Nixon, president of the
Nixon National Bank of Reno, and George (King
George) Wingfield, later the president of no less than 11
Nevada banks.
Jim Butler's strike also altered the railroad map of
Nevada; three roads were built between 1904 and 1908
— The Tonopah & Tidewater, The Tonopah & Goldfield
(The Bullfrog), and The Las Vegas & Tonopah. These
connected with the large transcontinentals — The
Santa Fe, The Southern Pacific and The Central
Pacific.
As the year 1901 came to an end, Tonopah was devel-
oping rapidly. First came the saloons with their barten-
ders, dealers and girls. Among the early saloons of note
were the Chloride, the Bonanza, Jim Butler's and famed
Wyatt Earp's Northern. The Tonopah Club was opened
in 1902 and still operates today. That year Tonopah
could count 1200 souls, and the rush was on in earnest.
By 1903, Tonopah had its opera house, and July 24, 1904
was a red letter day with a great celebration taking
place in the camp to honor the opening of the Tonopah &
Goldfield Railroad. Governor John Sparks and his wife
were guests of honor, and an added attraction was a
Page 203
local beauty queen who smashed a bottle of champagne
on a locomotive standing at the station to commemorate
the occasion.
Tonopah Becomes The Financial Center
of Nevada In 1907
Colonel T. B. Rickey, a native of Ohio, made a fortune
in buying up ranches and supplying beef to miners. In
1905, he erected a five-story fireproof structure that
became the headquarters for his State Bank & Trust
Company, of which he was president. The bank also
had branches in Goldfield, Manhattan and Carson
City.
By 1906, Tonopah's mining activity and business had
greatly increased and the population had streaked past
the 8,000 mark. By 1907, the year the Nevada First
National Bank of Tonapah was granted Charter No.
8530, Tonopah had become the financial center of the
state, boasting of four substantial banks whose
combined capitalization exceeded a million dollars.
They were:
(1) Nye & Ormsby Bank. -Est. 1902
paid-up capital
$500,000
(2) State Bank & Trust -Est. 1904
Company paid-up capital
200,000
(3) Tonopah Banking -Est. 1905
Corporation paid-up capital
250,000
(4) Nevada First National -Est. 1907
Bank of Tonopah paid-up capital
100,000
"The Dearborn Street Station of the West", at Rhyolite, affectionately referred to as
"The Queen of the Bonanza Road" by the miners of the Bullfrog Mining District.
When built in 1907 by the Clarkes, "Copper Kings from Montana", at a cost of
$130,000, it was considered an elaborate railroad station.
Page 204 Whole No. 88
The Rickey Building became the home of the Nevada First National Bank of
Tonopah in 1922 and remained so until 1932 when the bank was liquidated and
taken over by the Tonopah Banking Corporation during Governor Balzak's state
banking moratorium. Photo courtesy Nevada Historical Society.
Sources
Publications consulted in the preparation of this article:
400 California Street, A Century plus 5, by Neil C. Wilson
The National Bank Note Issuing Period 1863-1935,
by Louis Van Belkum
The Nevada Sixteen National Banks and Their Mining
Camps, by M. 0. Warns
Other References:
The Nevada Historical Society
The Comptroller of the Currency Reports
NEVADA
TONOPAH RAILROADS
ESTABLISHED - 1905-1908
Tonopah
(1)
• Klondike
Goldfield
(2)
Rhyolite Bullfrog
egas
(4)
Paper Money Page 205
(1) The Tonopah & Goldfield R. R. served Tonopah, Goldfield
and Rhyolite
(2) The Bullfrog R. R. served the Bullfrog Mining District,
Rhyolite, Goldfield and Tonopah
(3) The Tonopah & Tidewater R. R. connected the Tonopah,
Goldfield, and Bullfrog Mining Districts to the trans-
continentals to the south of Los Angeles
(4) The Las Vegas & Tonopah R. R. served Las Vegas,
Rhyolite, Goldfield and Tonopah with a connection at Las
Vegas on the Southern Pacific R. R. for Salt Lake City and the
East.
Note - In addition to handling freight and ores, these lines
offered full Pullman and dining accommodations. Heavy duty
Baldwin Mikados and Consolidation locomotives were
employed.
Page 206
Whole No. 88
Thank You, Ella Overby
0 For a Minnesota Nationals Hoard
by JIM WHEELER
SPMC #2680
A decade has passed since the discovery of the truly
remarkable Ella Overby currency hoard in Starbuck,
Minnesota. Time has not changed the fact that this
discovery was one of the most significant paper money
hoards ever to be uncovered.
Upon the death of Ella Overby in 1970, a nephew,
searching her two-room shack for a will, happened upon
the notes. The notes were saved in envelopes just as they
had come from the bank and were stashed in a small
wooden trunk found under her bed.
THE HOARD
The hoard totaled approximately $96,000 in paper
money, of which about $18,000 was in large size bills
and $7,330 of this amount represented the National
Bank Notes. The fact that specimens from 39 states
were found in the hoard — including many unknown
rarities — points up how extensively National Bank
Notes circulated at this time, even to such a small
northwestern Minnesota community. 1
"The existence of the hoard was advertised and the
notes were eventually split into three lots and sold, a
story in itself. Hickman and Waters kept the non-
Minnesota Nationals, the Minnesota Nationals went to
a Minnesota collector, and the type notes were sold to
Dean Oakes of A & A Coins. Most of the small notes
were redeemed." 2
The purpose of this article is to give an overview of the
Minnesota Nationals that were a part of the hoard and
to point out the significance that some of these
Minnesota Nationals held for one bank in particular —
The First National Bank of Starbuck, Minnesota. 3
THE MINNESOTA NATIONALS
There were 432 large size Minnesota Nationals in the
hoard having a face value of $3,940. These notes
represented 105 different banks from 84 towns. Thirty-
eight of these towns had a population of under 2,000 and
23 others had a population of under 1,000! 4
The following tables show the breakdown of the
Minnesota Nationals by charter period and type:
Second Charter
Denomination Brown Back Dated Back Value Back
$5 3 0 3
$10 3 9 0
$20 1 1 0
Third Charter
Denomination Red Seal Dated Back Plain Back
$5 2 11 154
$10 13 28 149
$20 2 1 52
THE STARBUCK NOTES
The hoard included 158 third charter notes on The
First National Bank of Starbuck, Minnesota with a face
value of $1,405. Included in the Starbuck batch were
several uncirculated cut sheets. Of special interest is the
fact that a "complete set" was found which included the
three denominations issued by the bank, all of the third
charter dated back and plain back varieties, and notes
with all of the possible bank officer signature
combinations. This "complete set" is indeed a show
piece display representing a small town National Bank
and it is now a part of the collection of Minnesota
Nationals on display at the Higgins Paper Money
Museum in Okoboji, Iowa.
Paper Money Page 207
842592A
(without Region letter)
(without Treasury serial no.)
(Continued On Page 208)
Third Charter: Plain BacksThird Charter: Dated Backs
THE COMPLETE SET
H. Thorson
George W. Hughes
G. I. Engebretson
G. I. Engebretson
1910 - 1915
1915 - 1918
1918 - 1924
1924 -
Cashiers
BANK OFFICERS
Presidents
Years
George W. Hughes
B. C. Bergerson
B. C. Bergerson
Edward S. Olson
Page 208 Whole No. 88
Correspondence sheds light on
CIVIL WAR CURRENCY ACCEPTANCE, PROBLEMS
Submitted by Richard
During the course of research at the Manuscript Division of
the Library of Congress, I found the following two letters
among the papers of Salmon P. Chase, Lincoln's first
Secretary of the Treasury. They shed a little additional light on
our first currency issues and I am sure they will be of interest to
the readers of Paper Money:
Acceptance
Germantown, Ohio, Oct. 3, 1861
Hon. S.P. Chase
Secy of Tr.
Dear Sir:
The first arrival of U.S. Tr $20 bills arrived at the Bank in
this place today. Many persons called to see them, and with
glad hearts rejoiced at the event.
I merely make this statement to prove the fact that the people
of the rural districts will readily receive the bills in exchange
for their products. `Tiz unfortunate that the Government did
not order an issue of five times the amount they did.
It is astonishing with what eagerness these bills will be
sought by the masses.
This is a voice from the very heart of the Miami valley.
I was a supporter of Bell & Everet — the candidate in the 3rd
Congressional Dist. for Congress — and yet I now favor the
present administration with all my heart in all its efforts to
put down the rebellion.
very truly yrs.
Wm. Gunckel,
a native Buckeye.
T. Erb, SPMC-3705
Production Problems
Treasury Department
Jany. 7, 1862
Hon S.P. Chase
Secy. of the Treasy.
Sir:
I have just received your note of the 6th inst. requesting
explanation touching the supposed falling off in the
preparation of U.S. Notes, etc. The note would have reached me
sooner and received my immediate attention, but for the fact
that I was quite unwell yesterday and had gone home late in
the afternoon, leaving the business in charge of Mr. Meline.
In reply to your inquiry I have the honor to state that the
utmost we can do with our present force is an average of 13
packages — or 52,000 notes — per day. Occasionally the report
falls below this; but frequently it exceeds. The engravers send
precisely 13 packages every day. Very often they are all of the
denomination of $5 except three, or at most, four packages of
$10. Formerly we had the $20 and a larger proportion of $10s.
Consequently, the aggregate amount of money now finished
seems small, while the work done is the same. Our usual daily
receipt from New York is about ten packages of $5s and four of
$10s which we sign as fast as received.
Though there has been no relaxation whatever of industry in
the work, I will see that it is pushed with renewed energy and
beg you to believe that I am most anxious strictly to carry out
your desires.
With Great Respect,
C.M. Walker
U.S. Note Room.
Minnesota Nationals Hoard
(Continued From Page 207)
THE BANK
The First National Bank of Starbuck, Minnesota was
assigned charter number 9596 in 1909. The following
table shows the notes of issue:
Large Size Circulation:
Third Charter 1902-1908 Backs
5 - 5 - 5 - 5 plate = $32,000 worth with serials
1 to 1600
10 - 10 - 10 - 20 plate = $61,000 worth with serials
1 to 1220
Third Charter Blue Seal Plain Backs
5 - 5 - 5 - 5 plate = $54,000 worth with serials
1601 to 4345
10 - 10 - 10 - 20 plate = $79,000 worth with serials
1221 to 2811
The total amount of large size notes issued was
$227,450 of which only $4,760 was outstanding in 1935.
The bank is still doing business today and the
president is Thomas E. Olson, son of the last cashier to
sign the large size notes.
Footnotes:
1. A complete catalog of the National Bank Notes of the
Overby Hoard is in preparation and will be available through
the Higgins Museum.
2. Huntoon, Peter. The Bank Note Reporter, April, 1974
3. Starbuck, Minnesota - population 1,138 in 1970.
4. Using 1970 census figures.
Acknowledgements:
A special "thank you" to -
Bill Higgins, Jr. — founder of the Higgins Museum in
Okoboji, Iowa
and
Mort Melamed — dean of the Minnesota National Bank Note
collectors who added 60 notes to his collection from the Overby
Hoard.
Paper Money Page 209
The Material and Manufacture of
Bank Notes in Great Britain
(The following is reprinted from Chapter XVI of the book The
One Pound Note in the History of Banking in Great Britain by
William Graham. It was first published in Scotland in 1886,
with a second edition appearing in 1911. Raymond
Williamson, SPMC 3332, submitted it after reading the article
on the manufacture of Canadian bank note paper in Paper
Money No. 79.)
"Being asked why in Scotland they've paper for gold,
A satirical jade, who let nothing escape her,
Made an answer at once both convincing and bold,
Where there's plenty of rags, there is always much
paper."
The Bee, August 1792
The two chief requisites of a one pound bank note are,
that it should be of such strength as to stand the tear
and wear to which it is subjected, and to be-so contrived
as to present the fewest points of attack to the forger.
The Bank of Scotland (founded July 17, 1695) had not
been in existence over six years, when they had to adopt
some means whereby imitation of their notes would be
made more difficult, and detection of fraud more easy.
Schoolmasters and engravers were the first forgers in
Scotland, a fact on which Dr. Dryasdust may base such
hypothesis as he thinks fit. The early notes both of the
Bank of Scotland and the Royal Bank, even after they
had invented "special checks against forgery," were
bald and simple in design, and roughly engraved in
comparison with those of the nineteenth century. The
printing and the watermark were good features — the
Poe 210
former being generally cleanly done, and the ink
retaining its deep black notwithstanding the lapse of
years. The watermark was produced by the venerable
wire process, specimens of which are extant on various
MSS dating back to the thirteenth century. When the
Bank of Scotland began business, paper-making was in
its infancy in Scotland, the first company beginning on
the Water of Leith in the same year that the bank
opened, so that possibly the paper for their first notes
came from France or Holland.
MANUFACTURE OF PAPER
Bank notes are made from new linen rags, of good
quality, as the better the material, the tougher and
lighter is the note.
From the small size of the notes, and the supposed
necessity for the paper having deckle edges, most of the
bank note paper was produced by modifications of the
old "handmade" process; but machine-made paper is
now in common use, having the advantage of more
uniform thickness. The rags are cut, sorted, dusted,
washed, bleached, and comminuted by rotary motion in
various cylinders fitted with knives and beaters, in
which they are placed, with proportions of water and
caustic alkali, to reduce the material to the pure
vegetable fiber, until the liquid pulp is poured out upon
the wire frames which first convert it into something
like paper. These are composed of a network of fine wire
stretched on frames of the same size as the paper to be
made. Into this rectangular network of wire are sewed
the designs of the watermark, usually in wire or brass
work of various breadth or thickness. The Bank of
England's watermark is produced from brass dies,
which ensure that every repetition of the mark, to
almost any number, shall be absolutely identical, a
degree of accuracy which it would be impossible to
acquire with the wire process in such a complicated
mark as that upon their notes.
The required pattern is engraved on steel-faced dies,
which are afterwards hardened by being heated and
then plunged into cold water. To prevent any change
from the dies wearing out, they can be impressed upon
soft steel plates which in turn can be hardened, and so
the original mark may be multiplied almost ad
infinitum. The die, once made, is used by a stamping
machine to give its impress to soft plates of sheet brass,
which thus become embossed, "and are filed at the back
of the requisite proportions to allow the moisture of the
pulp of the paper to pass through the apertures. The
different pieces of brass, when struck, filed, and put
together, form the mould for the manufacture of the
paper."*
When one mould wears out, a new one is struck,
mathematically the same as the old, the only care
required being in the filing of the raised parts of the
back.
The peculiarities of a genuine watermark lie chiefly in
the different shades produced by the varying
thicknesses of the paper. When the note is wetted, these
appear more distinct in a good note. In a spurious
watermark produced by pressure, such as many of the
Whole No. 88
old forged notes bore, damping destroys the mark
altogether, as it swells the fiber of the paper, the pressed
part in consequence becoming as thick as the other. A
pressed or rolled mark is smooth and greasy, compared
with that on a genuine note. There are also the tests of
reflected and transmitted lights. In a transmitted light,
obtained by holding the note between the eye and the
sun, the thicker parts of the paper appear dark; while
under a light reflected down upon the paper, these dark
parts appear lighter, as they have more white pulp in
their thickness than the other parts. A pressed or
photographed watermark exhibits none of these
characteristics, and may therefore be easily detected,
although by photography it is surprising how the
appearance of the mark seems to be worked into the very
texture of the paper. But even photography will not
stand both tests of examination by transmission and
reflection of light; in one light or another failure is
certain, and the fraud may be detected. Owing to the
greater protective value now attached to high-class
engraving and color schemes, some banks have
abandoned watermarks as a security, as many have
also abandoned the deckle or raw edge on the paper of
their notes.
In handmade paper each sheet is made the size of two
notes, and is cut down the middle before printing. After
the pulp has settled upon these moulds before described,
the superfluous moisture escapes through the
interstices of the wire or brass work, leaving the fiber in
a damp and partially coagulated condition; this is
carefully removed, and passed through felt rollers and
heated steel cylinders to dry, smooth, and harden it to
the required texture.
When this process is completed the paper is again
slightly moistened, and about one grain of "size" is
added to each note, the material used being any
substance with sufficient gelatinous properties, such as
skin, parchment, fish bones, etc., into which is mixed a
small quantity of alum to harden it. The superfluous
"size" having been removed by pressure, the paper is
again taken to the drying-room, after which it is counted
and packed in reams ready for delivery, each ream
containing five hundred sheets, or twenty quires of
twenty-five sheets each — two notes to a sheet. The
paper, when ready for printing, is as carefully guarded
and counted as if it were cash, being usually placed
under the charge of the bank's cashier until required.
ENGRAVING AND PRINTING
The engraving of the old one pound notes was the part
in which the mechanical skill of the time was furtherest
behind. The designs were made up of a quantity of
flourishing, more or less elaborate, down the one side,
by way of a check mark, the remainder being taken up
with the words and figures of the promise. In the
eighteenth century, printing gave little encouragement
to engravers, hence they were few, their work was dear,
and often poor in result. This kept the banks from
expending money upon a elaborate design, and
simplified the work of the forger immensely. The
workmanship of the Royal Bank note of 1750 for £12
Scots, (herein), may be taken as a specially good note of
the period; but careful examination reveals many weak
Paper Money
points. Practically all the illustrations in this volume
are inserted as part of the argument against the fear of
forgery in England, a fear which manifests itself at
every parliamentary enquiry. Forgeries were
committed because the notes were so easy of imitation,
and in England the absence of a note exchange
prevented detection at the various banks so early as in
Scotland. Modern high-class mechanical engraving
has changed the circumstances completely, so that
notes can no longer be concocted by any neat-handed
penman and apprentice engraver. Forgery of bank
notes as printed in 1800 was practically open to the
crowd; now only a select few would attempt it. Recently,
in an honest and open competition, the highest skill in
the United States could produce merely a poor imitation
of a certain British note which shall be nameless. The
invention of the rose-engine or geometrical lathe would
have practically closed the forging era (as the period
1799 to 1824 may truly be called) had the banks
engraved their notes by its aid. Unfortunately none did
so for many years, although the Society of Arts of
London published a report of an enquiry into this
subject in 1818, which contains examples of the lathe-
engraving as exquisite as anything that can now be
done. But no use was made of them, neither banks nor
Government appearing to have had any ideas save to
suspend the crime and the criminal simultaneously;
and notwithstanding much deliberation no practical
improvement was manifest in the engraving of their
notes, beyond the introduction of a few vignettes. Even
these, small as they were, gave some protection and
enabled forgeries to be sooner detected.
Under the humane influence of Sir Samuel Romilly,
Sir James Mackintosh, and others, public feeling began
to revolt at the number of executions for forgery; and
both bankers and judges realized that "prevention is
better than cure," and that to remove temptation from
the criminal was as much a duty as it was to award
punishment for the crime. It is illustrative of William
Paterson's fine nature that so early as his day he had
protested against the folly and cruelty of the law on this
subject.
So far as Scotland is concerned, soon after 1830 a
better style of engraving was adopted, the National
Bank upon this occasion setting the example. The large
book trade of Edinburgh gave ample employment to
such high-class engravers as the Messrs W. & A.K.
Johnston and Mr. A.H. Lizars, who speedily raised the
Scots bank note to a high standard of excellence for the
period.
Prior to 1837 copper plates were used, and from their
softness caused much trouble and expense in their
renewal. At that time, however, the reproduction of
designs by mill and die was brought to this country by
Messrs Perkins & Heath, the predecessors of the now
famous house of Perkins, Bacon & Co. The founder of
the firm, Mr. Jacob Perkins, was born in
Massachusetts, and came to England to push his
notable invention.
The first engraving by this process is upon soft steel,
which on completion is hardened. This plate is not used
Page 211
for printing, but as a die from which many impressions
are taken upon soft steel plates afterwards hardened. In
this way the absolute identity of every plate with its
predecessor is ensured, and years may elapse without
any difference becoming observable. In addition to very
fine powers of engraving vignettes, Mr. Perkins
adapted the old rose-engine (for turning patterns upon
the backs of watches) to the use of the profession of
which he soon became the head, and it is by aid of this
tool — now called the geometrical lathe — a purely
mechanical operation — that some of the finest parts of
bank notes are produced.
The vast saving of labor and time effected by these
means is almost incredible. Taking an extract
regarding the firm's work upon the postage stamps, and
supposing that the new modes had never been invented:
— 'It took Mr. Heath a fortnight's hard work to
engrave, on the original steel die, the profile which is the
progenitor of all the rest" (that of Queen Victoria).
"Since the introduction of cheap postage, Messrs
Perkins, Bacon & Petch have transferred tne matrix
upon one hundred and forty-two plates, each having
two hundred and forty heads upon it. In other words, the
number of single heads given off from steel to steel had
been thirty-four thousand and eighty. Everyone of these
but for the transferring process, must have been
engraved laboriously by hand, at the expense of a
fortnight's time." To keep up such an amount of
engraving would have required one hundred and ten
first-class workmen, and as these sentences were based
upon the figures of 1850, it may be imagined what is the
economy now.
The foregoing refers entirely to line-engraving as seen
in ordinary steel-engravings, where the lines forming
the picture are cut out of the steel plate, but some firms
prefer relief-engraving, where the lines of the picture
stand up in relief, the other portions being cut out as in a
woodcut, the difference being that between an intaglio
and a cameo seal. The steel line-engraving can produce
the finest work, and on that account is now preferred,
apart from the fact that the geometrical lathe is not
adapted to relief-engraving.
The one point aimed at in engraving was, of course,
'`inimitability." To secure this, not only was quantity of
work needed, but superior quality of art, as also variety
of work. For all those purposes the engine machinery
can be turned to endless advantage. Being
accomplished by a peculiar lathe, the process is difficult
of imitation by a forger; manual imitation is almost
futile, from the time needed for the task. The elaboration
on the Scots notes of "one pound," written nearly two
thousand times in each, is chiefly produced by
mechanical means, the "stump engraver" being
employed for this purpose.
A further improvement in Messrs Perkins, Bacon &
Co.'s method of transferring to steel, is to have the
original plate made up of a number of separate dies,
which can be put together when required, and render it
all the more difficult to obtain an impression without
combination amongst the employes. Thus, from
beginning to end, provided the plates are not allowed to
Page 212
get into wrong hands, the work requires that those
perfecting it must be artists of no mean ability and skill
— men who could receive so handsome an income as the
reward of their honest labors, the probability of their
giving time and attention to that which can only ensure
their destruction, is as remote as it can be.
The introduction of photography brought a new foe to
the front, and put banks and forgers once more upon the
qui vine.
Up to the middle of the nineteenth century all notes
had been printed in black — a color suitable for
photographic purposes. Various methods were
introduced with a view to secure the note against this
danger; amongst these the most important is printing
with colored inks, and adding some ornamental device
upon the back of the note, so that when printing in the
sun these back designs come through, appear upon the
front, and foil the forger's plan. Photographic
imitations of the watermark have already been referred
to; and we may quote from Mr. A. Claudet's letter to The
Times, about 1850, regarding the effects upon different
colors: — "In photography, red, orange, yellow, and
green produce black; while blue, indigo, and violet
produce white. Now, from these different properties of
the various colors, it is evident that a bank note, with its
printing, emblems, devices, writing, etc., printed in
variegated colors, would offer the greatest difficulties to
the perpetration of the fraud; for the lightest colors to
the eye would produce the darkest effect in the copy,
while the darkest colors, such as blue, indigo, and violet,
would be hardly represented at all, or but very slightly.
It is indeed fortunate that photography, while offering
to the forger the temptation to exercise his dangerous
skill, at the same time teaches us the means to render his
attempts abortive. The Bank of England, and bankers
in general, instead of issuing notes in their present dull
state of black and white, have only to transform them
into the most elegant and ornamental colored designs,
and they will frustrate all attempts of the forger."
Unfortunately modern chemistry can alter the colors it
has produced, so that color alone is no longer such a
protection against photographic reproduction as Mr.
Claudet anticipated.
The idea of colored paper was abandoned; a white
ground being chosen, and colored inks employed in
printing.
In the well-known case of the Greatrex forgeries of the
Union Bank notes in 1866, photography was
abandoned for lithography. Two men appeared in
Dalkeith at a draper's shop, and tendered a Union Bank
note in payment of purchases. A shopman, suspecting
their designs, went out into the street on pretence of
getting change, and called the police. On the men being
searched, over thirteen hundred forged notes were
found on their persons. These were only the utterers; the
artist, a Glasgow photographer named Greatrex, fled to
America. Thither he was followed by a British detective,
Captain M'Call, afterwards chief constable of Glasgow,
accompanied by one of the bank's officials, who traced
him to New York. There the official spiders spun their
web, advertising in the New York papers "A first-class
Whole No. 88
photographer wanted." In a few hours the fly walked
into the parlor, whence he was transported to Scotland,
to receive in the Edinburgh Justiciary Court sentence of
penal servitude for twenty years. He died in prison.
The necessity which was forced upon the banks at an
early period of having each note identical with every
other, was the means of taking the Scottish note
business largely away from Scotland to London, as
such perfection of manufacture could only be obtained
through Messrs Perkins & Co.'s patent process, which
no other maker could use during the continuance of the
patent. Other manufacturers could only ensure that
from 40,000 to 50,000 notes would be identical, one plate
giving off that number of impressions before being
worn out, after which a new plate had to be engraved —
a task in itself, not only expensive, but extremely
difficult of execution, as the most accomplished
workman cannot produce two steel plates perfectly
similar. The lapse of their patent, and subsequent
inventions, have upset the well-merited monopoly of the
London firm, as all good engravers can now attain the
same identity in their notes. The first of the two
principal discoveries which have realized this change,
consists of printing from electrotypes. Bank of England
notes are produced thus at the rate of about 50,000 daily,
to replace an equivalent number withdrawn from
circulation in the same time.
The second invention to secure identity, is to engrave
an original steel plate, which, when hardened, is kept
solely to impress its image upon plates of copper. These
could be used for printing, as formerly, were it not that
the softness of the metal compared with steel would
necessitate frequent renewal. To obviate this, the copper
surface is coated with an electro-deposit of steel, so fine
as not to interfere with the most delicate lines, yet so
hard as to give a much longer life to the plate; when the
steel wears out, it can be renewed without the least
injury to the copper bed of the engraving. This process is
called "acierage," and may be also applied to
electrotypes of copper.
Before printing, all paper ought to be dampened to
soften the surface, as where this is omitted, the printing
is defective and unequal. In the Bank of England this is
accomplished by placing a number of reams in a
chamber, from which the air is pumped out, water being
pumped into its place, with the result that in a
incredibly short time the solid mass of paper is
thoroughly damped; on being removed, superfluous
moisture is driven off by pressure.
Scottish notes are printed from steel plates, or copper
plates steel-faced, and weigh when ready for issue from
241/4 grains for the Bank of Scotland, Royal
Commercial, and National banks, to 25 1/4 grains for the
Union Bank, 26 1/4 for the British Linen, and 26'1/4 for the
Clydesdale banks; the heaviest being that of the North
of Scotland 371/2 grains. A Bank of England £5 note,
from the exquisite tissue of its paper, weighs only 18 1/4
grains, though its superficial surface is 85 1/2 centimeters
larger than the smallest Scottish note, that of the
Commercial Bank, and 52 centimeters larger than those
of the Bank of Scotland and North of Scotland Bank.
Paper Money
The Dank of Sc;utland note is printed by Messrs G.
Waterston & Sons, Edinburgh, and has a watermark
with interlaced border, broad at the top, with the words
"Bank of Scotland £1 ONE EL" The paper is somewhat
brittle, but it is part of the bank's design to compensate
an inferior paper by more frequent issues of new notes.
So effectively do they carry this out, that one million one
pound notes are printed every year. The Royal and
Clydesdale banks' notes are engraved by Messrs W. &
A.K. Johnston, Ltd., Edinburgh; the former are printed
on a very beautiful paper, clear, tough, and light, with
watermark "Royal Bank of Scotland." The bank's name
on the Clydesdale's watermark is indistinct. The British
Linen, National, and Union banks employ Messrs
Waterlow & Sons, Ltd., London, and their marks are
"B.L.B. One Pound." very prominent, and "Union Bank
of Scotland Limited," almost illegible from the effect of
the back-plate. The National Bank has no watermark,
relying on the bewildering effect to the would-be
photographer of the elaborate back-plate, which shines
through upon the massed golden rays and vignette
work of the front. Without much disparagement of
several of the other notes, the National Bank probably
possesses the note which would give a forger the
greatest trouble to imitate; the combination of color on
front and back on the thin and transparent paper used,
being peculiarly well planned. The Commercial and
North of Scotland banks' notes are printed by Messrs
Bradbury, Wilkinson & Co.. Ltd., London. The former,
on the same principle as the National, has no
watermark, while the latter has an ideal watermark in
the bust of George, Fifth Earl Marischal, founder of
Marischal College, with ruff and beaver of his period,
1593.
These various notes represent broadly two classes of
design and work. The British Linen, Commercial,
National, Union, and North of Scotland banks place
reliance chiefly on the exquisite detail of engraving
produced by the geometrical lathe in combination with
fine vignette work. A beautiful example of lathework
appeared on the old notes of the Bank of Scotland issued
prior to 1886, but in nearly all the existing notes of this
class fine examples can be seen, which approach more
closely to nature's works than almost any kind of
artistic effect — the more they are magnified the more
perfect they appear. The celebrated Lizars, in one of his
designs for Bank of Scotland notes, produced some very
good work of this class, balanced by equally good effect
in his "line" and vignette work.
In the notes in the second class, the Bank of Scotland,
Royal Bank, and Clydesdale Bank trust for security to
simplicity and a breadth of general effect which will
catch the public eye, rather than to a mass of intricate
engraving. The Royal Bank note — the oldest of
existing designs — is the best example of this class, its
beautiful blue color and fine paper giving it a very
handsome appearance. The ink with which it is printed
has peculiar lasting qualities. A packet of notes
representing ten of the then existing Scotch banks was
closed up in a wall for nearly fifteen years, subject to
damp and the effects of lime. When discovered, the only
color which shone undimmed was the blue of the Royal
notes, almost as fresh as when first immured.
Page 213
It may scarcely be prudent to discuss publicly the
respective merits of the two systems, but it may be
mentioned that one of London's most famous engraving
firms "consider the engine-turned parts of the plate a
more effectual protection against forgery than
vignettes; but," they added, "it is very desirable to
combine as many kinds of security as possible." The
absence of engine-work from certain makers' designs,
as a predominating feature, is on account of their
considering the vignette parts the better security, as
requiring greater personal skill for successful imitation,
independent of the purely mechanical problems
wrought out under the lathe.
Nearly all manufacturers agree in regarding the
"general effect" of notes as an important element in
their security. The more minute and intricate the
design, the more difficult it is to reproduce it by
engraving; but just in proportion to its intricacy it may
be easy to imitate the "general effect," for, of the mass of
the public, few remember distinctly the peculiar pattern
of minute engine-work, although many recognize the
leading outlines and general appearance, especially
where a well-known view heads the plate, such as the
King's College at Old Aberdeen in the old North of
Scotland note, or the Marischal College in their notes of
today. The Union Bank note has, through several
changes in the detail of its design, continued the fine
"general effect" created by its "arms" at the top and the
two well-known statues at the foot. These equestrian
figures have continued since prior to 1845, and one of
them appeared on Sir William Forbes & Co.'s notes so
far back as 1789.
The cost of small notes, including paper, is about 1d.
per note; those of the British Linen Bank have been
calculated by the late Mr. Mackay, the bank's
accountant, at 1.043d., and their large notes at 1.135d.
The other banks may fractionally vary from this, the
size of the paper or design and the amount of ink used
making a slight difference upon the total. They are
usually estimated for per thousand. When the printing
is dried, the notes are numbered by a numbering
machine, after which they are packed flat in lots of one
thousand each, and delivered to the bank to be signed.
When given out to the tellers one pound notes are
usually tied in bundles of £500, made up of twenty-five
packages of twenty each, folded in two for security.
From the severe handling they receive, small notes
are removed from circulation practically every two
years, as at the end of that period they become unfit for
re-issue. The abolition of the Government stamp on the
back, permitted on the commutation of the duties, has
enabled the banks to maintain a cleaner issue than
formerly, when each note burnt implied a loss of at least
6d. The number of notes now burnt is enormous, almost
the entire circulation having to be removed and
replaced in a few years, although a number remain in
circulation for a longer period, especially in the
northern parts of the kingdom.
*Journals of Society Arts; article by Alfred Smee, F.R.S.; extracted from Me E.
Wilson's "How to Detect Forged Bank Notes."
■ fir,,,, f TWO
Page 214
Whole No. 88
INTERESTING NOTES 'BOUT INTERESTING NOTES
©1980 Roger H. Durand
THE SEAL HUNT
Man's relationship with seals from the earliest
recorded history has been one of violence, bloodshed
and destruction. No other group of animals has suffered
at the hands of man as much as the seals, their mass
destruction involving a degree of horror and brutality
that is without parallel. From early times, the Eskimos
hunted seals for survival, using the furs, meat and oils
to sustain their meager existence. The small amount
taken by these nomads did not affect the balance of
nature and did little more than thin the seal population.
The seemingly endless supply of seals in the arctic
regions was relatively safe from most natural
predators. Until the mass financial exploitation by the
early seafarers took place, the seal led a normal
existence. The first recorded sealing expedition to
Newfoundland was in 1720. Prior to that time, seals
were slain piecemeal by fisherman and whale hunters
as a means of sustaining themselves in the harsh
northern climates. By the early nineteenth century.
sealers were taking annual hauls of two hundred
thousand. The largest recorded haul of harp seals was
in 1831, when six hundred and eighty-seven thousand
seals were killed. About two-thirds of those killed are
pups. This wanton slaughter of the young seals all but
eliminates the future breeding and thereby destroys the
very product that the profiteers need to satisfy their
appetites.
The Hunt
After sailing for months to arrive at a location of
newly bred seals, the hunters attacked the colony of
seals in hysteria, forsaking all humanitarian
standards. Many factors contributed to this, such as
time, so the captain of a ship usually whipped the men
into a frenzy before the hunt took place. This was a
standard practice to make sure the expedition would
return large profits for the investors. The aggravation
of the hunters, pent up during the long ocean voyage,
was wrought upon the helpless seals. After a colony was
located, the men placed themselves betwen the seals
and the water. On land, the seals were helpless. Clubs
were used to kill them by smashing in their heads. They
were killed this way so as not to damage the pelts. They
were skinned, and in many cases the pups were not even
dead, and the carcasses were left where they lay. Only
the furs were important; therefore no time was lost in
disposing of the bodies. No optimum amount was taken,
so after a length of time the entire colony was disposed
of and none were left for future breeding. The greed of
the hunters eventually exhausted the supply and led to
the destruction of most of the industry.
The Hunger For Profit
The sealers were a surly lot, hell-bent for maximum
profit. Several cases are documented where waste was
so prevalent that it defies belief. After a successful hunt,
one ship, a Pegasus, sailed directly to Britain with a
cargo of over one hundred thousand pelts. Upon its
arrival in London, it was found that the skins were
improperly treated and they had heated during the
voyage and were spoiled. They had to be dug out of the
holds and sold as manure, a hundred thousand lives
taken for no purpose. This is just one documented fact of
the wanton waste of the unfortunate seals. By the end of
the nineteenth century, the slaughter of seals was so
(Continued On Page 215)
41151.EY
!MONA', BAO
PAISLEY
rs ORLOON
11.
0 TEN iNDIA.titS
A0001614
A00015; A
KusuEy.thr.
Si Shin" 7ATI: }IAN K
Paper Money Page 215
19,195 R1 .1101181_ Bflilli 110TE VARIETIES BY...
M. OWEN WARNS
NLG
Paisley, Oregon Note
Courtesy Ken McDannel
(The above note was reported in Supplement VII)
Seldom does a note come along with the significance
of this rare $10 note of The Paisley National Bank of
Paisley, Oregon, reported in Supplement No. VII. It is
the first note reported from this remote Oregon city with
a population of 259 (so the sign states at the city limits),
some 58 miles northwest of Lakeview in Lake County.
The note surfaced 48 years after the Paisley National
had liquidated, and is ranked among the most desired of
the 1929-1935 Issues.
Interesting Notes
(Continued From Page 214)
intense and the stock of seals so depleted, that it became
unprofitable to mount any more large scale expeditions.
The seal, who once overpopulated the arctic regions,
was becoming extinct. Man's reward for his greed was
to destroy the very substance of his wealth.
Eventually, Conservation
Very gradually a certain amount of common sense
began to prevail, even though it was a strictly business
form of common sense. Seal colonies were no longer
slaughtered to the last animal; they were cropped in a
rather selective way so as to allow a percentage to
survive for breeding purposes. By the end of the
nineteenth century, some varities of seals were actually
increasing their populations. Today, quotas are
allowed, and in controlled areas the seals are
reproducing in record numbers. Hopefully the tide has
been turned and the world will have the pleasure of
viewing the seals as one of the wonders of nature.
About The Note
The vignette of the seal hunt, to my knowledge, is
unique and only on the illustrated note from the
Stonington Bank of Stonington, Connecticut. Most
notes from this bank are rather common but this type is
extremely rare, with only two known specimens. This
note is currently in the collection of C. John Ferreri.
We wish to extend our sincere thanks to Diane Elder
of Paisley who furnished the available background
material on the community and the Paisley National
Bank. Paisley was settled by local cattlemen and
members of the logging industry in the late 1870's. The
U. S. Post Office was established on May 12, 1879, and
the town was incorporated on October 10, 1911 under
Title 26 L.O.L. It was chartered as a city in 1968 when it
applied for loans to install water and sewer systems.
Paisley's population has not varied much over the
years, wavering between 250 and 300.
The Paisley National Bank was granted charter
10432 in the fall of 1913. The bank was established by
the Northwest Townsite Company which was engaged
in locating people on homesteads in the desert area
north of the city. F. Marius Miller of Lakeview
purchased the Northwest Townsite bank stock in 1914
and ran the bank for just a short period that ended in his
selling his controlling bank stock to The Western Bond
and Mortgage Company of Portland. The Bank
continued operations with F. Marius Miller the
president and Cleve F. Snider, who had joined the bank
in 1920, as the cashier. In 1926, F. Marius Miller, his son
Vinton Miller, and Cleve F. Snider together with local
financial support bought the Paisley National Bank
stock from the Western Bond and Mortgage Company.
F. Marius Miller continued on as president and Cleve F.
Snider its cashier.
Check of the Paisley National Bank
The Paisley National Bank was liquidated on July 1,
1931 and absorbed on that date by The Commercial
National Bank of Lakeview, Oregon. On October 20,
1977, a devastating fire swept through the business
section of Paisley, consuming several structures in its
path, among which was the Masonic Temple.
Originally it had been the home of The Paisley National
Bank.
The Paisley National Bank issued $17,880 in small
size Nationals -
1236 - $10,000 type -I notes, serials 1- 206 (sheets of 6)
276 - $20.00 type - I notes, serials 1 - 46 (sheets of 6)
Page 216
Whole No. 88
URIEAL OF ENGRAVING & PRINTING
COPE PRODUCTION FEDERAL RESERVE NOTES
PRINTED DURING MARCH 1980
SERIAL NUMBERS
SERIES FROM TO QUANTITY
ONE DOLLAR
1977A B 72 960 001 H B 99 840 000 H 26,880,000
1977A B 000 000 001 I B 04 480 000 I 4,480,000
PRINTED DURING APRIL 1980
SERIAL NUMBERS
SERIES FROM TO QUANTITY
ONE DOLLAR
1977A A35840001 C A 56960000C 21,120,000
1977A B 14 732 001 * B 15 360 000* 256,000
1977A B 14 080 001 • B 14 720 000 * 640,000 1977A E 56 320 001 E E 83 840 000 E 27,520,000
1977A E 24 320 001 E E 56 320 000 E 32,000,000 1977A F 65 920 001 F F 88 320 000 F 22,400,000
1977A E 00 000 001 * E 00 640 000 * 640,000 1977A F 09 616 001 * F 10 240 000 * 128,000
1977 G 97 920 001 F G 99 840 000 F 1,920,000 1977A G 33 920 001 G G 55 040 000 G 21,120,000
1977 G 00 000 001 G G 13 440 000 G 13,440,000 1977A J 64 000 001 C J 85 120 000 C 21,120,000
1977 G 13 440 001 G G 14 080 000 G 640,000 1977A J 06 416 001 * J 07 040 000 * 128,000
1977 G 14 080 001 G G 16 640 000 G 2,560,000 1977A L 97 920 001 F L 99 840 000 F 1,920,000
1977A G 16 640 001 G G 33 920 000 G 17,280,000 1977A L 00 000 001 G L 30 080 000 G 30,080,000
1977 G 09 600 001 G 10 240 000 * 640,000 1977A L 09 600 001 * L 10 240 000 * 640,000
1977A
1977A
H 16 000 001 C
H 03 216 001 *
H 38 400 000 C
H 03 840 000 *
22,400,000
128,000 FIVE DOLLARS
1977A K 30 080 001 D K 53 120 000 D 23,040,000 1977A A 60 800 001 A A 67 200 000 A 6,400,000
1977A K 07 692 001 * K 08 320 OCH) * 256,000 1977A F 27 520 001 B F 36 480 000 B 8,960,000
1977A L 56 960 001 F L 91 520 000 F 34,560,000 1977 G 77 440 001 B G 78 080 000 B 640,000
1977A L 91 520 001 F L 97 920 000 F 6,400,000 1977A G 03 844 001 * G 04 480 000 * 512,000
1977A L 08 960 001 * L 09 600 000 * 640,000 1977A J 85 760 001 A J 95 360 000 A 9,600,000
1977A L 44 800 001 B L 51 840 000 B 7,040,000
FIVE DOLLARS 1977A
TEN DOLLARS
A 96 640 001 A A 99 840 000 A 3,200,000
1977A B 83 200 001 B B 92 160 000 B 8,960,000 1977A A 00 000 001 B A 03 840 000 B 3,840,000
1977A C 78 720 001 A C 90 240 000 A 11,520,000 1977A A 03 848 001 * A 04 480 000 * 384,000
1977A H 46 080 001 A 55 040 000 A 8,960,000 1977A B 77 440 001 C B 94 080 000 C 16,640,000
1977A K 60 800 001 A K 67 200 000 A 6,400,000 1977A D 83 200 001 A D 90 240 000 A 7,040,000
1977A D 01 288 001 * D 01 920 000 * 384,000
1977A D 01 932 001 * D 02 560 000 * 256,000
TEN DOLLARS
1977A
1977A
E 71 040 001 A E 78 080 000 A
E 02 576 001 * E 03 200 000 *
7,040,000
128,000
1977 B 56 960 001 C B 77 440 000 C 20,480,000 1977A J 50 560 001 A J 56 960 000 A 6,400,000
1977 B 08 320 001 * B 08 960 000 * 640,000 1977A J 01 932 001 * J 02 560 000 * 256,000
1977 C 82 560 001 A C 83 200 000 A 640,000 1977A J 02 576 001 * J 03 200 000 * 128,000
1977A C 83 200 000 A C 91 520 000 A 8,320,000 1977A J 03 212 001 * J 03 840 000 * 256,000
1977 C 00 000 001 * C 00 640 000* 640,000
1977 C 00 652 001* C 01 280 000 * 256,000 TWENTY DOLLARS
1977 G 65 920 001 B G 74 880 000 B 8,960,000 1977 B 94 720 001 C B 99 840 000 C 5,120,000
1977A G 74 880 001 B G 75 520 000 B 640,000 1977 B 00 000 001 D B 10 880 000 D 10,880,000
1977A H 46 720 001 A H 53 760 000 A 7,040,000 1977 E 19 840 001 B E 32 640 000 B 12,800,000
1977A H 01 292 001 H 01 920 000 * 256,000 1977 E 03 840 001 * E 04 480 000 * 640,000
1977 G 07 680 001 C G 17 280 000 C 9,600,000
1977 J 81 280 001 A J 91 520 000 A 10,240,000
TWENTY DOLLARS 1977 L 13 440 001 B L 22 400 000 B 8,960,000
1977 B 78 720 001 C B 94 720 000 C 16,000,000 FIFTY DOLLARS
1977 B 06 400 001 * B 07 040 000 * 640,000 1977 K 01 920 001 A K 05 120 000 A 3,200,000
1977 C 47 360 001 A C 53 760 000 A 6,400,000 1977 K 00 000 001 * K 00 192 000 * 192,000
1977 C 01 936 001 C 02 560 000 * 128,000
1977 G 94 080 001 B G 99 840 000 B 5,760,000 ONE HUNDRED DOLLARS
1977 G 00 000 001 C G 07 680 000 C 7,680,000 1977 B 49 920 001 A B 59 520 000 A 9,600,000
1977 G 05 776 001 * G 06 400 000 * 128,000 1977 B 59 520 001 A B 65 920 000 A 6,400,000
1977 H 49 280 001 A H 59 520 000 A 10,240,000 1977 B 00 192 001 * B 00 384 000 * 192,000
1977 K 61 440 001 A K 68 480 000 A 7,040,000 1977 K 10 880 001 A K 13 440 000 A 2,560,000
FIFTY DOLLARS
1977 J 02 . 560 001 A J 03 840 000 A 1.280,000
1977 J 00 000 001 * J 00 064 000 * 64,000
1977 L 06 400 001 A L 09 600 000 A 3,200,000 ADDITION TO FEBRUARY 1980 REPORT
1977 L 00 128 001 * L 00 192 000 * 64,000
1977 L 00 192 001 L 00 256 000 * 64,000 FIVE DOLLARS
1977 H 28 160 001 A H 37 120 000 A 8,960,000##
1977 H 37 120 001 A H 46 080 000 A 8,960,00068
ONE HUNDRED DOLLARS CORRECTION TO FEBRUARY 1980 FOR
1977 J 05 120 001 A J 07 680 000 A 2,560,000 DECEMBER 1979 REPORT
1977 L 23 680 001 A L 28 800 000 A 5,120,000 1977A I 02 560 001 * I 03 200 000 * 640 00066
MIEWgifOrM.9)~,CaKEI W4aV
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THE tIRS 7
NATIOIAI RANA ;IF
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Paper Money
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THE PAPER COLUMN
by Peter Huntoon
Last Notes
The pleasure of owning a number one note is always a
warming experience. Anybody — even the casual non-
collector — can appreciate such a note. However, it has
always been one of my goals to own the LAST note
issued in a given series.
In order for you to know that you have the last note,
you must first obtain the Comptroller data for National
Bank Note issues or Treasury data for other series. Once
these data are in hand, you can begin your search.
Apparently other collectors have a similar
fascination with last-issue notes. A few such pieces
have turned up and something has been made of them.
For example, researcher Gerome Walton is quick to
point out that his Series of 1902 Plain Back $10 on the
First National Bank of Randolph, Nebraska (7421),
which bears serial 6622 from position F, is the last $10
issued to the bank. Notice that it is the last $10 on the 10-
10-10-20 plate.
Likewise, Hickman and Oakes offered the bottom two
$10 notes from the last 10-10-10-10 sheet of 1902 Plain
Backs on the Dover Plains National Bank, Dover, New
York (822). These carried serial 13750 and were
previously owned by the daughter of one of the signers.
The bottom note from the sheet (position D) was sold as
lot 178A in the Hickman-Oakes April, 1978 sale.
One memorable last-of-an-issue small note I stumbled
upon was hanging on the wall of Steve Tebo's shop in
Boulder, Colorado. Framed was a nice selection of small
notes from the First National Bank of Boulder,
Colorado (14021). The type 2 $50 looked like a very rare
note to me, so I looked it up on page 54 of the SPMC 1929
book which happened to be in easy reach on a nearby
shelf. To my amazement, the note bore the last serial
issued to the bank — 138!
Probably the greatest last note is a $1 Original Series
territorial owned by J. L. Irish on the Deseret National
Bank of Salt Lake City, Territory of Utah (2059). The
note is signed by Brigham Young as frosting on the
cake.
At least one "last sheet" is known. This interesting
find was one of several sheets of $5 Series of 1882 Brown
Backs which came onto the market that were issued by
the Saint Paul National Bank, Saint Paul, Nebraska
(3129). Although a few of the sheets were cut, no one ever
took scissors to the last sheet. It survives in a prominent
collection and I last saw it at the Colorado Springs mid-
year ANA convention. Interestingly, the bank only
issued $5 Brown Backs before liquidating in 1897. The
last sheet bears serial 2628.
Page 217
Last $1 from the last sheet of the 1-1-1-2 Original Series
issued to this territorial bank. Photo courtesy of J. L.
Irish.
As I have processed Comptroller of the Currency
serial data, I have always been in awe of those special
cases where a bank issued just one or two sheets of a
particular denomination in a series. Even issues of less
than one hundred are great rarities. Such was the case
for the First National Bank of Liberty, Missouri (3712).
The last sheet sent by the Comptroller to the Liberty
bank arrived in 1934 and was the first sheet of its $10
type 2 printing. This turned out to be the only type 2
sheet issued to the bank. Someone saved the last note
from that unique sheet and it graces these pages for
your enjoyment.
This exceptional note was owned by Fred Sweeney as
part of his famous Missouri National Bank Note
Collection. Sweeney's comprehensive Missouri
holdings are in their final stages of liquidation by Lyn
Knight.
The Liberty bank issued only a token number of small
notes to maintain its small $12,500 circulation. Included
were 310 sheets of $10 type 1 notes, 102 sheets of $20 type
1 notes, and the single $10 type 2 sheet. If you want to
know the truth, I think the A000006 note is far more
desirable than the A000001 note in this special case. We
will have to see if the numismatic market agrees a few
years from now!
Last note from the only sheet of type 2 notes issued to
the First National Bank of Liberty, Missouri.
Correction - Mule Article
Doug Murray of Ohio wrote the following comments
about my article on MULES which appeared in Paper
Money in the July-August, 1979 issue. His comments
deal with serial numbering of small size currency
(except National Bank Notes) during the early series
when 12-subject plates were being used. Doug writes:
(Continued On Page 218)
THE PAPER COLUMN
by Peter Huntoon
Page 218 Whole No. 88
Kagin's Custodial Services CAN YOU IDENTIFY THIS?
for Retirement Accounts
Kagin Numismatic Services, Ltd. has been approved
by the Internal Revenue Service as Custodian for
numismatic material to be held in Keogh or Individual
Retirement Accounts.
"We are very proud," said Donald H. Kagin, president
of the firm, "to become the first numismatic firm in the
nation to receive IRS approval in this context. While
other numismatic firms must use commercial banks or
similar institutions which have been approved in
government sponsored retirement plans, Kagin
Numismatic Services, Ltd. is the first numismatic firm
to attain recognition and approval as Custodian."
The Kagin organization includes affiliate companies
which specialize in numismatic auctions and
numismatic investments. Kagin and his colleagues also
serve as investment advisors in the numismatic field to
both corporations and individuals.
"Many of those with whom we have counseled for a
number of years have urged us to establish an IRS
approved affiliate to serve as Custodian for their
numismatic retirement plans, via IRA or Keogh
Accounts," Kagin said. "While we cannot offer
legal/tax advice to our investors and collectors, once
they qualify for any of the retirement plans offered, our
ability to handle the entire numismatic transaction for
them is an asset because they are geographically a
diverse clientele.
"The result is efficiency, ease of transfer of funds,
acquisition of numismatic material and lower net cost."
Kagin continued, "Our policy over the years has been to
provide a complete numismatic service to their clients
and Kagin Numismatic Services, Ltd. was established
in keeping with that tradition."
BNR Press Moves
The BNR Press, publishers specializing in books for paper
money collectors, has announced movement of their business
office and the appointment of a new publisher. Paper money
collector Fred Schwan has been elevated to that position.
Previously he served as managing editor and was one of the
founders of the firm. At the same time it was announced that
the firm would move to Port Clinton, Ohio. There Brad Schwan
will be joining the firm as business manager, making the press
a family operation. According to the new publisher, the move
will not interrupt operations but will in fact streamline service,
since the production and distribution facilities are already
located in the area.
The BNR Press is an independent publisher, having been
founded in 1977 for the purpose of publishing specialized paper
money references. Since that time, the press has published four
books, the most recent being U. S. Essay, Proof and Specimen
Notes by Gene Hessler. Schwan states that announcements
concerning an important new book to be published yet this
year will be made soon.
The BNR Press may be contacted directly at the new address,
132 E. Second St., Port Clinton, Ohio 43452.
Engraved by P. Maverick, New York (style of 1815-1820)
The names, Henry Boisecour, Pres. and Peter Hunly,
Cashier seem to be clear, but the name below beginning
with G needs to be deciphered. The 4 real denomination
is interrupted by a large 50 which seems to indicate that
intended users knew it as half a Spanish doller. No. 7840
indicates a large issue. The burro won't talk. Where and
by whom was this issued? If any reader knows, please
write the Editor. The correct identification will be
published if received.
(Continued From Page 217)
"I disagree with your saying that the 12-subject
sheets were halved before serialing. Two types of
serialing were used, one with a left side-right side skip
numbering, where the serial of the bottom left note was
1998 less than the serial at the top right note on the
sheet. See photos of uncut sheets of Hawaii and North
Africa $1 Silvers. This method was the normal serial
numbering method. The second type was consecutive
numbering, where the bottom left note is consecutive to
the top right note. These were for special presentation
sheets and sheets for sale over the counter as uncut
sheets of 12.
"If 12-subject sheets were halved before serial
numbering as you say, then plate letter "changeover
pairs" F to G and L to A should be more common due to
more chance of mixed stock. I have never seen a plate
letter change from F to G or L to A on consecutively
numbered notes, and this is because they only occurred
every 1998 notes and would be very rare."
Doug is, of course, absolutely correct. My description
of serial numbering is good only for the 1929 National
Bank Notes which had nothing to do with the series I
wrote about. Thanks, Doug, for bringing this to my
attention.
Paper Money Page 219
The Higgins Museum in Okoboji, Iowa.
Vacation Idea For Syngraphists
Visit The Higgins Paper Money Museum
At Okoboji, Iowa
The stately new brick Higgins Museum, whose front
door is guarded by a huge golden eagle, is on the south
side right across from the airport in Okoboji, Iowa. As
you enter the front door, a receptionist is on your right to
answer any questions you may have, and John
Hickman's office is on your left. Next to John's office is
Bill Higgins' office across from the slide projection room
where educational slides are to be shown. The
receptionist's office with the stock certificate wallpaper
and Bill and John's offices done in eagle wallpaper and
grey panelling put you in the proper mood for the
Museum's display. The large center room has two
couches on which to relax while absorbing the
knowledge around you and the crystal chandeliers add
to the floodlights to directly illuminate the cases. The 36
cases on the wall of this room contain National Bank
Notes of all the states, with examples of the 1st Charter
original series of 1875, 2nd Charter 1882-1908 brown
back, the 1908-1915 dated back, and the 1915-1922
denomination printed on back. There are also the 3rd
Charter red seal 1902-1908 and blue seal 1915-1929. (Of
special interest is the red seal note, a $10 of Nogales,
Territory of Arizona.) The backs of some of the blue seal
notes are dated, some are not. There are the small size
notes from July 1, 1929. On one post are the $1 type notes
of colonial and Continental Congress currency, legal
tender notes from 1862-1869, 1875, 1880, 1917, and 1923.
A National Bank Note dated 1863, a Treasury Note of
1890, a Federal Reserve Note of 1918, and Silver
Certificates of 1891, 1923, 1896, and 1899 are also on
display.
Off the main room are two rooms of Iowa National
Bank Notes. Ninety-two percent of the towns in Iowa
that had note-issuing banks are here represented. When
we consider this is 277 of 300, that is a very good
Page 220
Whole No. 88
Board of Governors of the Higgins Museum: (1. to r.) James Bonstetter, H. S. "Monte" Sherwin, Donald Mark, William R.
Higgins, Jr., Dean Oakes, John T. Hickman.
representation. Post cards showing some of the Iowa
banks and street scenes are included in the displays.
In the Iowa Rooms, the Missouri Room, and the
Minnesota Room are 34 cases with different size notes.
The L. L. Owen collection of obsolete Iowa notes will be
exhibited in the future.
Besides these four rooms and the central room, there
are library, storage, and board rooms. The security is by
six TV cameras for surveillance which are connected
with all the police stations in the area. This is the ADT
system such as is used at Fort Knox.
John Hickman of Des Moines, a nationally known
currency expert, is curator of the Museum, which is
governed by a board consisting of Mr. Higgins and four
other men ... James Bonstetter, Milford, Iowa; Dean
Oakes, Iowa City, Iowa; Donald Mark, Adel, Iowa; and
H. S. "Monte" Sherwin, Black River Falls, Wisconsin.
The Higgins Museum is open from Memorial Day
through Labor Day, Tuesdays through Sundays. Hours
are from 11:00 A.M. to 6:00 P.M.
On August 30-31, 1980, the Iowa Great Lakes area will
be the scene of two important paper money events: A
Seminar and Open House at the Museum and the Iowa
Great Lakes Paper Money Show at the Brooks Best
Western Lodge, Okoboji. For further information
contact Don Mark, Box 1, Adel, Iowa 50003, telephone
515-223-0891.
Israel Returns To
Biblical Currency
The Israeli Government recently withdrew its pound
currency from circulation, and introduced a new currency
called the "SHEKEL".
The nation's severe economic woes were blamed on the large
balance of payment deficit and the inflation rate of 111 per cent
during 1979.
The exchange rate of the old currency to the new currency is
ten Israeli pounds for four shekels, which is also the equivalent
to one United States dollar.
This is not the first time that the shekel has been used in
Israel. In Abraham's time (Biblical scholars think that
Abraham lived about 2000 B.C.), the shekel was worth half an
ounce of silver. Today it takes at least 70 shekels to purchase
that amount of precious metal.
John Glynn
Paper Money
Page 221
Oberammergau Passion Play
on Notgeld
By John Glynn
Members who travel through Europe during the
summer months may find it rewarding to include
Germany in their itinerary and visit the tiny village of
Oberammergau in the Bavarian Alps. There they can
see one of the most famous passion plays performed by
the village people.
The curtain went up on May 26 and the performances
continue for the next four months. Approximately 1500
adults and children out of a population of 5000 have
been chosen to take part in the play. Many changes will
have taken place since the last performance held ten
years ago. Adolf Hitler once praised the play for its anti-
Semitic content, and in 1970 charges were again made
that it showed anti-Jewish tones. These charges found
some Jewish organizations calling for a boycott. In the
end 70,000 tickets and hotel reservations were
cancelled. The scandal rocked the village, sundered
friendships, and split families in a bitter debate over the
next ten years.
Hans Maier, the director of the play, has stated that
the villagers have buried the hatchet and cleaned up the
script. The new version leaves out some of the more
objectionable material. The performance has also been
cut from eight hours to six hours, and for the first time
the narrator will welcome Jews in the audience.
The play has become a tourist attraction and this
fairy tale village expects to attract half a million
visitors and gross about the equivalent of twelve million
American dollars.
A series of German emergency (Notgeld) paper money
was issued for the village in 1921. The notes were
printed by Brend'amour, Simhart and Company in
Munich, and were in two sets of denominations of 25, 50
and 75 pfennig. The notes show related events of the
play and the village. Many medals were also struck
commemorating the passion play.
In 1633, a deadly plague (known as black death) was
spreading through Southern Bavaria. It claimed 84
deaths in Oberammergau. The village elders promised
to reenact Christ's Crucifixation and Resurrection once
a decade if the plague would be taken from the village,
whereupon the plague claimed no further victims.
The pfennig note illustrated herein shows the
personification of the plague as a crowned skeleton with
sickle in hand advancing towards the village. The date
1634, the year of the first passion play, appears in the
center background. (The 25 and 50 pfennig notes in
this series have equally grotesque designs with
distorted cherubs and symbols.)
From 1634, the play was performed every decade and
changed to the first year of the decade in 1680. Only
three times has the play been disrupted — 1879, 1920
and 1940, because of wars. The 1920 passion play was,
however, held in 1922, the date which appears on the 25
pfennig note.
The first script was written by Alois Daisenberger,
and was altered by George Queri in 1662 and by Johann
Aelbl in 1680. In 1750 and 1760, the text was written by a
monk, Father Ferdinand Rosner and in 1811 by Othmar
Weiss.
One of the 50 pfennig notes in the realistic series
shows portraits of Weiss on the left and Daisenberger on
the right. In the center is a scene from the 1811 version
of the play. Two other notes show the famous legends of
the play. The 25 pfennig illustrates the village church,
while the 75 pfennig shows the life of Christ.
The reverse of a 50 pfennig note depicts the Kofel
Mountain which forms a dramatic background for the
performance. The village of Oberammergau lies in the
foreground.
The play is more than a theatrical performance; it is a
village of wood-carvers bringing the Bible to life, a
sacred oath only fulfilled every ten years.
REFERENCES
Philipson, F.-Oberammergau, Coins and Medal Journal,
March 1970
Watling, L.-More Notgeld, Coins and Medal Journal, October
1974
Coffin, C. L.-Oberammergau Suffered Black Plague, Coin
World, April 6, 1977
Page 222 Whole No. 88
system it is much easier for the reader to appreciate the
note issuing patterns of each bank and for the first time
to construct a checklist of the basic designs for all
banks."Literature Review
by Paul T. Jung
Please send literature for review to Paul T.
Jung, 2809 Linden Lane, Silver Spring,
MD 29010, or to the Editor.
The Charlton Standard Catalogue of Canadian Paper
Money. (Toronto); The Charlton Press, (1980). 8 vo,
wrappers, vi, 821 pp. $24.50 (Available from the
publisher at 299 Queen Street West, Toronto, Ontario
Canada M5V 1Z9. Add $2.00 for postage and handling.
Bound edition available for $59.95 from R. D. Lockwood
Inc., P. 0. Box 335, Streetsville, Ontario L5M 2B9)
If any single book on the subject of paper money
published over the past year or so were to be presented
with an award for overall excellence, this would have to
be the winning candidate. There has been a dire need for
a definitive work on the paper money of Canada for
many years. Charlton's annual Standard Catalogue of
Canadian Coins, Tokens and Paper Money certainly
filled part of that need; however, the treatment was
sketchy at best and had to be augmented by information
from such publications as the Canadian Paper Money
Journal and others. The information in Pick's Standard
Catalog of World Paper Money is little more than an
extract from and resequencing of the data in the
Charlton annual. Now, at last, there is a single, well-
printed, beautifully organized and authoritative text on
the paper money of an important area and country. Mr.
Charlton and those who worked with him are to be
heartily congratulated and thanked.
The paper money listed in the book has been
organized into eight discrete categories: French colonial
issues, British colonial and provincial issues, municipal
notes, Dominion of Canada notes, Bank of Canada
notes, paper money of the Canadian note issuing banks
(essentially notes issued by private or publicly held
banks akin to what Americans refer to as obsolete
currency), notes issued by Canadian banks in the
British West Indies and, finally, merchants' and
miscellaneous notes, scrip and bons. The notes are
numbered in a logically developed manner referred to as
the "Charlton Catalogue Numbering System". The
system is copyrighted and use requires written
permission which will be liberally granted according to
the copyright notice. Prices are given for each note in six
grades ranging from Good through Uncirculated.
While many catalogs are arranged strictly by
denomination or by date of issue, Charlton has chosen
the much more sensible procedure of grouping notes by
"issue". The catalog explains this as follows -
"Generally speaking, a bank puts out its notes in
issues or groups. An issue usually consists of several
denominations linked through either a vignette (an
engraved picture) or a common style... By using this
The patterned logic of paper money issues has
received insufficient attention in the past. Probably the
best piece of writing in this area and an approach others
would do well to follow was a description of French
banknotes published by Richard E. Dickerson in the
March 1973 issue of the old Currency Collector. Mr.
Dickerson clearly demonstrated that a collection can
take on a lot more meaning when this technique is
employed. Charlton obviously realizes this and has
used it with great success in this catalog. Three cheers
for Charlton!
A brief historical sketch of each bank is provided at
the beginning of the listing for that bank. Information
is given on imprint, signature combinations, issue dates
and overprints. The face design of each note is
illustrated by photograph and described in the text. The
color of the face and back as well as the back design
itself are described in narrative. In those instances
where photographs were not available an appropriate
blank space with a statement to this effect is used.
Economics of printing undoubtedly dictated the much-
too-small 2" x 1" size of the photographs. Tables are
included at the end of the book on dollar values of
chartered banknotes outstanding as of May 1974, bank
mergers and amalgamations, and other topics (all of
them extracted from S. Sarpkaya's article "Counting
Canada's Banks" which appeared in the Oct/Dec 1978
issue of The Canadian Banker). A useful index in
topical outline format is provided.
This is an important work, much more than a simple
catalog or listing. It is a definitive text on the multitude
of notes issued within Canada and by Canadian banks
overseas. It belongs on the shelf of every serious paper
money enthusiast.
BEP Union Card Offered at $75
The limited edition souvenir card produced in late 1979 by
the Bureau of Engraving and Printing's International Plate
Printers, Die Stampers and Engravers Union (see PM no. 84)
was advertised in the April 28, 1980 issue of Linn's Stamp
News for $75, with a limit of two to an order. (This is an
increase of $25 over the original asking price. The advertiser
headlined his offering with the words "Sleeper? You bet this
one is! The lowest printing of any souvenir card issued."
However, he did not substantiate the latter claim.
Lord Nelson Bank Check Sells for $1320
At the first Stanley Gibbons Postal History and Historical
Documents sale on Feb. 21-22, 1980, the top price was achieved
for a handwritten 1795 check signed by Lord Nelson with his
right hand before he lost that limb in battle.
Paper Money
Interest
Bearing
Notes=
Deciding what to put in this column has been a bit of a
challenge. Due to the deadlines required to get the
magazine printed on schedule, this is being written just
days before our big bash in Memphis. Hence a detailed
report of our activities there must wait until the next
issue. So it turns out that this column will deal with a
couple of mundane, yet important, topics.
As you can imagine, today's inflation rate is making
it very difficult to keep dues at the current level. We can
delay a dues increase by doing two things — obtaining
larger numbers of new members and increasing other
revenues. It is my intent to aggressively seek new
members in a variety of ways during the next six
months. You can help in this effort by introducing
friends and fellow collectors to SPMC if they are not
currently members. Free brochures concerning paper
money history and membership in the Society are
available from our Secretary, Del Beaudreau, Box 3666,
Cranston, R. I. 02910. Why not get a few and give them
to interested parties in your area?
On the other front, projects such as our souvenir cards
also help to keep the wolves away from our financial
door. I would encourage you to support your society's
efforts by purchasing this year's beautiful two-color,
intaglio printed souvenir card. They may be ordered for
$3.00 each (checks should be made payable to "SPMC")
from "1980 SPMC Souvenir Card", P.O. Box 18888, San
Antonio, Texas 78218.
Turning to our upcoming ANA activities, I direct your
attention to the Coming Events Page for specifics.
However, let me highlight one point here. I can not too
strongly emphasize that advance reservations for our
breakfast on Wednesday, August 20, at 8:30 a.m. are
STRONGLY RECOMMENDED!!
Reservations, accompanied by a check of $6.50 per
person, made payable to "SPMC", must be received at
Box 366, Hinsdale, Illinois 60521 by NO LATER than
August 11. We will make every effort to accommodate
requests for tickets after this date, but cannot guarantee
that additional tickets will be available. Don't be left out
— send in your reservation TODAY!
Now that we have all of the financial and logistics
problems covered, I hope that you'll be able to join us in
Cincinnati for some good old-fashioned socializing.
Pleasant and successful collecting to all of you!
Page 223
LARRY MARSH
Larry Marsh Joins Criswell's as Director of
Retail Sales
Col. Grover C. Criswell has announced that Larry C. Marsh
has relocated to Ft. McCoy, FL, and will head the retail sales
division of Criswell's, a 34-year-old firm specializing in
Confederate and Southern states currency, obsolete bonds,
documents and paper memorabilia.
The 33-year-old Marsh was a life-long resident of St. Louis
and from 1974 to 1979 directed his own firm, "Currency Times
Past". He is a graduate of Washington University in St. Louis
where he earned a B.A. in History. Mr. Marsh started collecting
at the age of six and his specialty has always been Confederate
and obsolete currency. He and Col. Criswell became good
friends many years ago when Marsh worked on weekends and
during the summer for the late Arthur Kelly of St. Louis, who
was a long-time Criswell friend.
LIBRARY
NOTES
WENDELL WOLKA, P.O. Box 366, Hinsdale, IL 60521.
Regular Additions:
The Numismatist April, 1980
The Virginia Numismatist Volume 16, no. 2, 1980
ANA Club Bulletin January/March, 1980
Essay-Proof Journal Winter, 1980
The Check List April/June; July/September;
October/December, 1979
Page 224
Whole No. 88
411411 •-• .41b .41-11) .111, 110 -Mt 1 1 1 Alp 1 •••
and ,WarnA.4/
4 a
4
t Use of 19th Century Stamp Vignettes on
Stocks, Bonds and Notes
4
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The relationship between the iconography and production of postage stamps, revenue stamps, and
bank notes and other forms of security paper is being explored more fully than ever these days by the
philatelic community. Two examples of the research being done appeared in the February 1980 issue
of 1869 Times, the quarterly journal of The United States 1869 Pictorial Research Associates. This
group devotes its efforts to a study of the popular 1869 series of U. S. postage stamps printed by the
National Bank Note Company, the first U. S. issue to depict "pictures" instead of mere portraits.
Two of the 1869 stamps bear designs that were used for other security paper. One is the 3c blue
depicting the quaint steam locomotive, and the other is the 12c green showing the early steamship
Adriatic bounding over the waves. Through the courtesy of Ben Chapman, editor of 1869 Times, we
are able to reprint these articles for the benefit of SPMC members. Mr. Chapman also furnished the
negatives for the illustrations. Anyone interested in this group of specialists may address him at 9469
Galecrest Cr., Cincinnati, OH 45231.
—Barbara R. Mueller
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Paper Money
Page 225
The Vignette of the S. S. Adriatic on
Security Paper
by Donald E. Haller, Jr.
Figure 1. Proof of the original Bank Note Company engraving, "ADRIATIC", showing
identification number V49306.
Security Paper
The term "security paper" as used in this section
includes the designs, engravings, essays and proofs
which were developed towards the production of
postage stamps, paper money, stock certificates and
other negotiable items; the latter are, of course, classed
as security paper in themselves. There is a sub-class of
security paper known as safety paper which generally
has intricately engraved overall network type designs
in the paper itself before any design is printed. This
safety paper is intended to make counterfeiting very
difficult if not impossible. A number of essays for the
1869 stamp issue were printed on many types of these
safety papers and we hope to present some interesting
and informative material on safety papers, upon which
the 1869 essays were printed, in some later edition of the
"Times."
The Adriatic
Now, to the ADRIATIC — The saga of the S. S.
ADRIATIC and the use of its vignette on the 1869 124
stamp has been well told by Maurice Leigh Robinson in
The 1976 REGISTER (1976 INTERPHIL
PUBLICATION, pages 65-67). In his article, Mr.
Robinson gives us full details of the history of the S. S.
ADRIATIC, from launch in 1857 until its demise in the
harbor of Lagos, Nigeria, in 1890. This article will not
reiterate these data, but will discuss the evolution of the
vignette of the S. S. ADRIATIC and its use on security
paper.
The first use of any vignette relating to the S. S.
ADRIATIC was made by the American Bank Note
Company when it produced an engraving entitled
"Launch of the Adriatic." This vignette of the
ADRIATIC'S launch was apparently used only on
paper money printed by the American Bank Note
Company for these private banks circa 1858: $1.
banknote of the New Haven Bank, New Haven, Conn.;
$10. banknote of the Commercial Bank, Palestine, Ill.;
$10. banknote of the Union Bank, Concord, N. H.; $5.
banknote of the Marine Bank, Providence, R. I.; and a
$3. banknote of the Nassau Bank, Brooklyn, N. Y.
The basic vignette design of the ADRIATIC as it
appears on the 12C value of the 1869 Issue was prepared
by James Smillie, one of the outstanding engravers of
the National Bank Note Company, and was produced in
1859. The original engraving was approximately 5" x
9", which was then reduced to a size of 1'/4" x 4" for use
on private bank banknotes. These original engravings
show two ships to the right and left of the ADRIATIC;
however, these accompanying ships were deleted from
the miniature engravings created for the 1211 stamp. The
author is the fortunate possessor of a proof of the
original engraving, which is shown as Figure 1. This
engraving bears the subject title "ADRIATIC", the
National Bank Note Co. imprint and identification
number V49306. Whether this number is a serial
number of certain classes of sequential engravings by
the National Bank Note Company is unknown to the
author, who would welcome any comments and
information regarding the numbering system used by
the National Bank Note Company for its engravings.
The original ADRIATIC design engraving in size 11/4"
x 4" was first used in 1860 by the National Bank Note
Company in its printing of the $10. banknotes for the
Citizens Bank of Louisiana, New Orleans, Louisiana.
Both obverse and reverse of this note are shown in
Figure 2. As one will note, the French word "DIX"
appears on the ornate reverse of this banknote and
<
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Page 226 Whole No. 88
Figure 2. The $10 "Dixie" of the Citizens Bank of Louisiana
showing the ADRIATIC on obverse. Reverse shows intricate
design, often used on security paper.
these notes quickly became known as "DIXIES."
Legend has it that the term "DIXIE" for the Old South
evolved from the common name of these widely
circulated banknotes. This same vignette was used by
the National Bank Note Company in its printing of
other security paper such as the preferred stock
certificate of the Orinoco Navigation Company, New
York, dated 1874, which is shown as Figure 3.
The reduction of the original engraving of the S. S.
ADRIATIC to the smaller engraving for the 1869 12g
stamp was also accomplished by the miniature
engraving master, James Smillie, for the National
Bank Note Company. Remember that the
accompanying ships and some waves were cropped out
in the preparation of the smaller engraving because of
lack of space. One marvels today how incredibly skilled
Figure 3. THE ADRIATIC in full beauty catches one's
attention on this preferred stock certificate of Orinoco
Navigation Co.
and painstaking were the engravers who, by sight and
hand, created these miniature engraving masterpieces.
The engraving and vignette of the ADRIATIC
provided a logical companion to the Post Rider (20 and
the Locomotive (30, showing forms of postal
transportation in the National Bank Note Company's
presentation of designs for the 1869 stamp issue.
Figure 4. Original essay design proposed by National Bank
Note Company for the 120 1869 stamp, showing the "small
numeral."
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Page 227
*444*** 01c$444c 3P1P 3Plui(4*********4****4****01c4,
The National Railroad Company Bond
by Clifford Leak
*-1c-$ 01G oic-ic4*.)1c4.31c4,31c.444-31coPic-lcoNcbolc t4*******
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Figure 1. Strip of four of the National
Railroad Company (of Peru) bond coupons
shown in full size. The bond was apparently
defaulted eery early. This is another very
collectable collateral.
The National Bank Note Company of New York
modified its engraving "The Crossing" for use on a
South American Railroad Company's bond certificate.
This certificate from Lima, Peru shows the date of
January 2, 1972. It is pictured on the next two pages in
Figure 3, as a "centerspread." The modified engraving
shows:
a) Six snow-covered peaks added to the background to
suggest the rugged Andes Mountain terrain.
b) 'The train lengthened oy additional cars.
c) A man and his dog have been added to the upper
right portion, and on the left the trees and shrubs have
been reworked
Page 228
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Page 230
The bond originally carried sixty-seven redemption
coupons. Of these, number one coupon has been clipped
away. Sixty-six coupons show a redemption rate of
seventeen and fifty hundredths Soles each, payable on
the 2nd day of July and January. A single coupon,
number 67, is printed at the bottom of the certificate
portion. This last coupon shows a value of eleven and
sixty-six hundredths Soles, which, if not defaulted
would have amortized the bond in 1904. Thus, on the 500
Sole bond, the effective annualized interest rate was 7%
(35 Soles annually /500 Soles x 100%).
Interestingly, the locomotive design was carried over
Whole No. 88
onto each coupon. In order for the coupon panel to
contain sixty-six coupons, design illustrations had to be
small. So small in fact, that the coupon locomotive is
very close to the same size as the 3Q 1869 stamp
locomotive — and may well be identical.
The vignette on the 1869 stamp shows more refined
detail in the engine's smoke, wheels, cab and tender. For
convenience, if from the same die, the coupon's vignette
could have been left unrefined so that the harsher
blacks and whites would present a stronger printed
image.
Figure 2. Two-dollar banknote of the Bank of Pontiac (Michigan), dated September, 1863, showing the original
National Bank Note Co. design of "The Crossing."
Paper Money
Cunningham's To
Conduct ANA 1981
Mid-Year Auction
The American Numismatic Association's Board of
Governors recently selected Cunningham's, the
numismatic auction firm of Iowa, to conduct the 1981
Midyear Convention sale in Honolulu, Hawaii this
coming February. Cunningham's was selected by the
Board after their successful auction at the 1980 ANA
Midyear Convention last February in Albuquerque,
New Mexico.
According to Michael Cunningham, it is
Cunningham's policy to donate 15% of all proceeds from
each auction to the Christian Children's Fund of
Richmond, Virginia to help in the work of feeding,
clothing, and sheltering needy children worldwide. His
firm is presently accepting consignments for both the
upcoming California State Numismatic Association's
Convention auction being held this October in San
Diego and the ANA Honolulu sale.
For consignment information, write Cunningham's,
P. 0. Box 197, Story City, Iowa 50248.
Fred Schwan To Address
SPMC Awards Breakfast
At ANA Convention
In Cincinnati
Carlton F. (Fred) Schwan of Port Clinton, Ohio, well-
known numismatist, author, and specialist in military
currency, will be the featured speaker at the Society of
Paper Money Collectors annual awards breakfast at
8:30 a.m. Wednesday, August 20, 1980 at Stouffer's
Cincinnati Towers, Cincinnati, Ohio, at the American
Numismatic Association Convention to be held August
18-23, 1980. His topic, illustrated with slides, will be
"The E. A. Wright Bank Note Company." The breakfast
will be held in Stouffer's Bronze Room A.
Mr. Schwan, a member of many numismatic
organizations, is co-author of WORLD WAR II
MILITARY CURRENCY (1978), with Joseph A. Boling,
and co-author of WORLD WAR II ALLIED MILITARY
CURRENCY (1974), with Raymond A. Toy. A frequent
speaker and exhibitor, Fred has authored many
numismatic articles in various publications, and is
founder and publisher of the BNR Press, which
specializes in paper money books.
Tickets for the SPMC breakfast are required and are
$6.50. Deadline for reservation is August 11. Please send
reservations to Wendell Wolka, Box 366, Hinsdale,
Illinois 60521.
Page 231
Call For SPMC Raffle Prizes
Dear Friend of SPMC -
After years and years of diligent and successful work
in running the annual paper money raffle at our
meetings, my good friend TOM BAIN has asked me to
take over the job of soliciting material for and holding
the raffle at our breakfast in Cincinnati come August.
Before you know it August will be here and hopefully
we'll all be gathered in Cincinnati in good health.
Because time gets away so quickly - won't you take time
TODAY to pick out something which you would like to
see in the Society's raffle. Keep in mind that due to
Tom's great work, a substantial amount has gone into
the Treasury from the raffle. I hope we can again -
through your generosity - make a significant
contribution to the Society purse.
Let your conscience be your guide. Large or small,
your contribution will be most welcome. And remember -
your donation is tax deductible.
If convenient, it will be helpful if you put your gift in a
holder (which you may label with your name as donor -
or label "anonymous" if you prefer). MOST
IMPORTANT — please put a value on a separate slip
with your item(s) and I'll send you a tax statement
receipt.
I'll be at Memphis and will be delighted to have you
hand me whatever you feel inclined to.
My best to you,
Chuck O'Donnell
P. 0. Box A,
Williamstown, N. J. 08094
609-629-5160
Hessler, Storm and Wait to
Speak at AINA Convention
Morris Bram, general chairman of the 1st Annual
Greater New York Paper Money Convention to be held
Sept. 5-7, 1980 at the New York Sheraton Hotel (56th St.
and 7th Ave.) has announced that three speakers will be
featured in the educational forum. Gene Hessler will
discuss U. S. and foreign material; Jackson Storm,
fractional currency; and George Wait, "colonial to the
present — American history". SPMC members are
invited to attend.
SUPPORT YOUR SOCIETY
The Society of Paper Money Collectors has an
informative handout brochure available for the asking.
Contained in the brochure is information on the Society
and paper money in general. Take some with you to the
next coin club meeting or show. Write S.P.M.C.
secretary Del Beaudreau.
Page 232
Whole No. 88
SECRETARY'S
A. R. BEAUDREAU, Secretary
EPORT
P. 0. Box 3666
Cranston, R. I. 02910
NEW MEMBERS
5820 Andrew E. Loulis, P. O. Box 1:170, So. Lake Tahoe, CA
95705; C, U. S. Large Size 1861-1923.
5821 Dan S. Kudla, :32686 Conrad, New Baltimore MI 48047,
C
5822 Keith Littlefield, P. 0. Box 4508, Fredericksburg VA
22401; C, Fredericksburg, Va. Obsoletes
5823 Donald F. Rigali, 997 South Holmes Way, Calimesa
CA 92320; C, Obsoletes and CSA
5824 Frank J. Kengel, 289 South Gratiot, Mt. Clemens, MI
48043; D
5825 Kent Franklin Smith, 210 W. Tujunga Ave., #16, Bur-
bank, CA 91502; C, Beautiful engraving.
5826 Fred Thomas, Box .1 IIamura, Tokyo, Japan 190-11; (
MPC
J5827 William Litt, 656 Junipero Serra Blvd., Stanford, CA
94305; C, U. S. Govt. Issues.
5828 Gary C. Buhler, P. O. Box 50, Orangeburg, NY 10962;
C, Early $1 and $5 Silver Cert. and other 11.S. currency
5829 Dr. Eric Lindgren, P. 0. Box 5539, Boroko, Papua New
Guinea; C, Australia & JIM.
5830 Steve Cahen, P. 0. Box 967, Miami, FL 3:1138; C.
5831 Lee Shugar, 618 Colebrook Rd., Phila., PA 10115;(1, Pa.
Obsoletes, Phila. Financial paper
5832 Stephen A. Nisbet, 5835 Callaghan Rd., San Antonio,
TX 78228; C.
5833 Reuben C. Thompson, Jr., 3523 Horton St., Apt. 102,
Raleigh, NC 27607; C, NC Banknotes.
5834 Tim M. McCracken, 1:3882 Tustin East Dr, #35, Tustin ,
CA 92680; C, Large Currency.
5835 Douglas R. Kramer, Box 140A R.I). #3, Birdsboro, PA
19508; C, US Treasury Notes, BBN, ('SA.
5836 Cecil M. Gaines, P. 0. Box 307, Moultrie, GA :11768; (!,
USA, CSA and Canadian.
5837 David M. Laliberte, 44 Brewer St., Worcester, MA
01609; C, BBN.
5838 Leo V. Brenna, P. 0. Box 508, Hopkins, MN 55343; C
5839 Howard Wolf, 4619 Tippecanoe Rd., Youngstown, OH
44511.
5840 Philip A. Stewart, 610 E. Kaskaskia, Paola, KS 66071;
C, Obsolete Currency.
5841 R. G. Henderson, :3807 Cleveland St., Hollywood, FL
33021; C, All.
5842 John M. Snoderly, 3814 Ensign Drive, Chamblee, GA
:30341; C, Obsolete Banknotes.
5843 Stephen L. Douglas, 2264 W. 239th, Torrance, CA
90501; C, Small size notes, SC, FRN, USN.
5844 Guy Swersky, 12 Habossem Street, Givat Halevona,
Ramat Hasharon Israel.
5846 J. S. Boedigheimer, 5890 W. Moore Lake Dr., Fridley,
MN 55432; C. Obsolete.
5847 Ed Chauncey, 1220 Broadway Suite 1703, Lubbock, TX
79401; D.
5848 H. H. Schumacher, 2709 N. Vista, Arlington Hgts, IL
60004; C, US and Vietnam.
5849 Boniface A. Santoro, 335 South First St Brighton, MI
48116; C, US Large and Fractional.
CHANGE OF ADDRESS
2891 Richard H. Skillin, 1032 So. B. St., Lake Worth, Fl
33460
4436 Larry Linn, 1601 Linda Vista, Casper, WY 82601
1115 Major General Kenneth Stiles, U.S. Air Force Reserve,
Ret. 328 North Ocean Blvd., Apt. 1507, Pompano
Beach, FL :33062
52:39 Bernard P. Salamone, 8020 Exeter Lane, Columbia, SC
29206
4562 James Andel, 169 Ben Avon Road, Biloxi, MISS 39530
3967 Maj. Joseph E. Boling, P. 0. Box 16097, Indianapolis,
IN 46216
4732 Edward Buturla, Box 445, Essex Junction, VT 05452
5474 .1. H. liuchert, P. 0. Box 832, Springfield, VA 22150
4346 Ronald Ii. Burgess, 3649 Buford Hwy. NE F3, Atlanta,
GA :10:129
4660 David M. Beach, Box 5484, Bossier City, LA 71111
3210 ( 'hester James Bachman, 60 1) Clintwood Ct., Roches-
ter, NY 14620
4089 William Cross, 1959 W. Simpson Avenue, Fresno, CA
93705
4750 G. A. Cole, Box 460, Streetsville, ONTARIO K5M2B9
5621 George Cabrera, Okinawa Area Exchange, APO San
Francisco, CA 96344
55:15 Richard Lee Day, 522 Marquette Drive, Louisville, KY
.10222
1270 M. L. Dieterich, P. 0. Box 238, North Olmsted, OH
44020
4289 Wayne 'I'. Hahn. P. 0. Box 172, Bronx, NY 10468
5164 Jay S. Jackson, 3006 Beauchamp #2, Houston, TX
77000
4332 Kris Jacobs, 1436 Hilltop Dr. #27, Chula Vista, CA
92011
53111 Terrill Layman, Box 212, Brookline, MA 02146
1032 William Morales, 1204 Alcott Place, Apt. 4B, Bronx,
NY 10.175
5353 John (1. Wyndham, 6557 Eastshore Road, Columbia,
S(' 292)4i
4908 Edward J. Weiss, 5801 N. Atlantic Ave. #705, Cape
Canaveral, FL :32920
5056 I )avid E. Modeen, 815 W. Mt. Hope Ave., Lansing, MI
18910
4611 ('alvin Kane, 1588 Redwing Tr., Stow. OH 44224
5250 Rowley II. Watson III, 833 Whales Dr., Highland
Springs, VA 2:3075
Charles Morrison, 10 West St., Rumson, NY 07760
941 Frank F. Sprinkle, :364 Barbee Blvd., Yaupon Beach,
South Port, NC 28461
Bob Mitchell HMC USN, Laboratory Dept. NRMC,
Orlando, FL 32812
David Sonderman, Box 766, Amherst, MA 01002
562:5 Peter Whitson Warren, 902 24th St. West, Billings, MT
59102
Lyle Henry, Box 488, Tombstone, AR 85638
Roland C. Casanova, :3435 N. W. 95 Terr., Miami, FL
331.47
4528 Jack Bozer, P. 0. Box 3686, Daytone Beach, FL 32018
5124 Dennis S. Allsbrugh, 163 Oak St., Wilmington, DE
19808
Paper Money Page 233
2471 MSG Carl A. Anderson, PSC #3, Box 15841, APO SF
CA 96432
Ray Anthony, Box 1801, Big Bear Lake, CA 92315
5431 Barry M. Applebaum, Red Lion Apts. #78, 6100 Waters
Ave., Savannah, GA 31406
5031 Thomas E. Bader, 1407 Wachtler Ave., Mendota
Heights, MN 55118
5073 William V. Bagwell, Terrace Park #7, Waterloo, IA
50704
3870 John B. Bastolich, P. 0. Box 874, Minneapolis, MN
55440
5641 Robert W. Bausewll, 227 South 7th St., Keokuk, IA
52632
4660 David M. Beach, 545 Mockingbird, Shreveport, LA
71105
5171 James L. Betton III, Post Office Box 533, Santa Moni-
ca, CA 90406
4631 Richard L. Biemer, RD #1, P. O. Box 8, Conneaut Lake,
PA 16316
3967 Maj. Joseph E. Boling, P. 0. Box 16188, Indianapolis,
IN 46216
5704 Carol Bresset, 1210 N. Green Bay Rd., Racine, WI
53406
4493 Bill Broder, Drawer 517, Marrero, LA 70073
1919 Emmett L. Brownson, P.O. Box 324, Liberty, TX 77575
3448 Micholas J. Bruyer, 4456 - Parklawn Ct. #201, Edina,
MN 55435.
1872 Terry A. Bryan, 871 S. Governors Ave., Dover,
DE 19901
5385 Raymond D. Burns, 230 E. Hoosier St., #14, North
Vernon, IN 47265
364 Roland Charles Casanova, P. 0. Box 29168, New Or-
leans, LA 70189
4293 Thomas E. Caton, P. 0. Box 268, Arnold, MD 21012
3969 Bob Cohen, P.O. Box 608, Pearl City, HA 96782
5029 James H. Cohen, 437 Royal St., New Orleans, LA 70130
4430 Paul M. Corbiey, P. 0. Box 131B, Orwell, VT 05760
5647 William A. Cox, Star Route Box 247A, Little Marais,
MN 55611
5639 Peter Crilly, 141-30 84th Rd., Apt. 3E, Briarwood, NY
11435
5215 Gary W. Davis, 1314 No. Couthouse Rd., #307, Arling-
ton, VA 22202
5158 Thomas C. Deitrick, 1363 Macbeth St., McLean, VA
22101
3744 Ann Marie Dodson, 40 Conger St. #1005-B, Bloomfield,
NJ 07003
4419 Joseph F. Dolan, 5 Walnut Drive, Fairway Mews,
Spring Lake, NJ 07762
196 Dr. Herbert Eccleston, 4473 Beechwood Lake Dr.,
Naples, FL 33942
5452 Edward J. Filliger, P. 0. Box 153, Bricktown, NJ 08723
5321 Ronald F. Foley, Jr., 1 B Deane St., Westport, MA 02790
5077 Edsel Barnes Ford, 3947 Sykesville Rd., Finksburg,
MD 21048
5755 Paul R. Glove, 955 Huron St. #301, London Ontario
N5Y 4V6
5396 A. Chris Gould, P. 0. Box 57009, Webster, TX 77598
5619 R. Yancey Green, P. 0. Box 40353, Memphis, TN 38104
5271 Herbert Grossman, 19433 Bilmoor Place, Tarzana, LA
91356
1101 Louis Hait, 9637 No. 33 St., Phoenix, AZ 85028
1186 Herman J . Hanes, R R #3 Dogwood Lane, Box 7o, Cali-
fon, NJ 07830
325 Donald B. Hoge, 5743 Bracsvalley Drive, Houston, TX
77096
4996 J. Iskowitz, c/o D & J Coin Co., 1517 Main St., P.t Jeff-
erson Sta, NY 11776
83 Stanley Janusz, c/o T. Janusz, 2917 Doris Ave., Bensa-
lem, PA 19020
4216 Robert M. Jensen, Mt. Kemble Lake, Morristown, NJ
07960
5723 Richard Kessler, 300 E. 74th Street Apt. 36G, New
York, NY 10021
5513 Joseph Kieselstein, c/o Keyes, 3920 Kingswood Rd.,
Sherman Oakes, CA 94103
490 Ronald Kowaleski, 1419 99th St., Niagara Falls, NY
14304
5208 Algot L. Kropp Jr., High River Apts. #216, 1900 Rice
Mine Road, Tuscaloosa, AL 35406
4248 Jack F. Lackey, 1820 Blvd. Pl., Connersville, IN 47331
4926 Charles W. Leach, Star Route, Granby, CO 80446
5367 Eliot Lewiskin, 8208 1st Ave., N. Bergen, NJ 07047
5392 William H. Lindeman, 172 Baycliff P1 Kala Point, Port
Townsend, WA 98368
4436 Larry Linn, 404E 14th, Casper, WY 826G1
5388 David Lisot, Box 7000-400, Palos Verdes Penin, CA
90274
5434 Larry Lovell, P. 0. Box 5144, KAFB, MS 39534
5348 Jon W. Mabrey, 401 Sentry Oaks, Warner Robins, GA
31093
1742 Phil A. MacKay, Drawer J, Osceola, MO 64776
1015 John C. Marinate, 17 Tuxedo Drive, Melville, L.I., NY
11747
3651 Richard L. Mark, P. 0. Box 315, Oak Ridge, TN 37830
5356 V. A. Mayfield, 4307 E. 12th Avenue, Amarillo, TX
79104
1647 John W. Miller, 86 Corona Road, Carmel, CA 93923
3855 Humbert John Morsello, Jr., 1726 Mt. Pleasant Road,
Havertown, PA 19083
2130 N. Harold Munn, 5 Jadecrest Court, Conroe, TX 77304
3406 Michael M. Nanney, 2341 Baranof, Eagle River, AK
99577
827 Lt. Col. William J. Pardee, 7588 S. Quay Ct., Littleton,
CO 80123
5017 David E. Patton, Box 368, Lemont, PA 16851
1538 Paul R. Peel, 3041 Country Club Drive, Colo. Spgs., CO
80909
988 Carr J. Phalen, 2442 N. 23rd Ave., Phoenix, AZ 85099
5465 Ross A. Reimer, 1015 Hudnall, Tyler, TX 75701
3579 Michael B. Scacci, 901 5th Avenue North, Fort Doge,
IA 50501
1865 J. W. Tatum, 812 Burke St., Winston Salem, NC 27101
5059 Ken Schlosser, Route 4, Box 4045, La Plata, MD 20646
4882 Joseph J. Schneider, RD #4 Box 650, Port Jervis, NY
12771
4911 Paul Schrorger, 7022 Bell Road, Shawnee Mission, KS
66216
4008 Norm Seward, 809 Sleepy Hollow Rd., Waco, TX 76710
2891 Richard H. Skillin, 1754 14th Ave. So #3, Lake Worth,
FL 33460
5592 Thomas R. Snyder, 2028 N. 113th, Wauwatosa, WI
53226
1115 Kenneth Stiles, RFD, Oxford, NH 03777
5610 Max Stucky, P. 0. Box 7768, Colo. Spgs., CO 80933
4206 Col. M. G. Swindler, HQ 59th Ord Bdl, APO NY 09189
5483 Hogan T. Takata, 1262 South Highland AVe., Los
Angeles, CA 90019
5419 James R. Todaro, RR 2 Box 389, Boone Terre, MO
63628
5627 James A. Vaughn, P. 0. Box 2, Iola, WI 54945
4471 Fritz Voecks, 103 E. Kimberly Ave. Kimberly, WI 54136
4381 Robert Steven Weiss, 1524 NW 113 Terr., Pembroke
Pines, FL 33026
4540 Francis F. Wilford, P. 0. Box 26366, Wauwatosa, WI
53226
3449 Ernest C. Wilkens, 1732 Norman St., Ridgewood, NY
11385
5568 James W. Wortman, 1522 S. Lincoln #8, Grand Island,
NE 68801
3443 Douglas E. Robinson, 91 Town & Country Road, Or-
ange, CA 92668
4501 Raymond Wexler, P. 0. Box 41604, Memphis, TN 38104
lellNIIRTIII
OPUS Interesting gleanings
from
early publications
by Charles E. Straub
SECRETARY'S
A. R. BEAUDREAU, Secretary
!TORT
P. 0. Box 3666
Cranston, R. I. 02910
Page 234
Whole No. 88
Alexander's Messenger
Philadelphia, Pa., Aug. 19, 1840
Counterfeit Plates of Bank Notes. - It will be recollected that
some months since, various counterfeit notes of the Bank of the
Northern Liberties, Bank of the United States, the Delaware
Bank, and others, were issued in large quantities. Some
persons were arrested, tried, and convicted, on the charge of
putting the forged notes in circulation, but the plates from
which they were struck remained concealed. A few days since
the High Constables of the Court of General Sessions,
ascertained at the Eastern Penitentiary, from the convicts,
that the plates were secreted in a place three hundred miles
distant from the city. They immediately proceeded to the spot
described, and found the following plates. all of which are
extremely well executed.
A ten dollar plate of the Bank of the Northern Liberties, letter
A, 1839
A ten dollar plate of the Bank of the United States, 1839.
A t wo dollar plate of the Delaware Bank, 1839.
A. five dollar plate of the Farmers' Bank of Virginia, 1839.
A five dollar plate of the Bank of Louisiana, at New Orleans,
1837.
A two dollar plate of the Salem Bank, N. J. 1838.
There was also a handsome copper plate press, with all the
requisite tools, which were taken possession of and brought to
the city. The officers are entitled to the thanks of the
community for their vigilance and industry in thus supressing,
a portion at least, of a most nefarious traffic.
2720 Alan M. Swanwick, 2735 Dean Road, Jacksonville, FL Antonio, TX 78201
32216
J. R. Weiland, 2170 Bradford Lane, Aurora, IL 60506
4206 Col. M. G. Swindler 073-28-1286, 33 Dale Avenue, Hem-
stead, NY 11550
4175 Len Roosmalen, 6801 University Ave., Middleton, WI 4486 Claud Murphy Jr., P. 0. Box 15091, Atlanta, GA 30333
53562 3795 Carlton F. Schwan, Box OF, Pacific Grove, CA 93950
3830 James F. Martin, Box, Box 353, Jamaica, NY 11434 2720 Alan M. Swanwick, 2735 Dean Road, Jacksonville, FL
3-H G. B. Smedley, P. 0. Box 2366, Colorado Springs, CO 32216
80901 76 Josiah 0. Hatch, 338 Oxford Drive, Savannah, GA
493 Lawrence March, 1533-G N.E. 39th Avenue, Ocala, 31410
FLA 32670 1152 0. V. Nielsen, 1220 L. Street, Box 100, Aurora, Nebras-
5419 James R. Todaro, General Delivery F, Valles Mines, ka 68818
MO 63087 933 Frank A. Nowak, P. 0. Box 2283, Prescott, AZ 86302
4664 David W. Moore, Box 32052, Fridley, MN 55432
5453 M. Tiitus, Box 11249, San Francisco, CA 94101
5701 Capt. David A. Martens, 313 Bedford Circle, North
Syracuse, NY 13212 RESIGNATIONS
5476 Roger B. Williams, P. 0. Box 1611, Glenwood, ARK 91 Ernest J. Littrell
71943 4444 Charmaine Warns
5426 Louis Winterfield, 5120 Park Vista Blvd., Colorado 5116 Fran Cavoretto
Springs, CO 80918 705 Sidney A. Goldman
4657 2Lt. Gary E. Wolfe 523-68-8884. CMR #2, Box 3523,
Fort Rucker, AL 36362
4587 Elizabeth L. Wisslead
DECEASED
5407 J. A. Staten, 212 E. Commerce St., Jacksonville, TX 2519 Dr. Walter B. Jones
75766 373 Philip L. Budd
5726 Thomas P. Rockwell, 696 Osgood St., No. Andover, MA 3253 A. A. Arthur
01845 5118 Sid Foster
5673 Gary L. Swelander, 1415 Babcock Apt. #115, San 487 David Cox, Jr.
Paper Money
Page 235
COMING EVENTS
PAGE
Regional Meetings
Cincinnati, Ohio - August 18-23, American Numismatic Association Con-
vention; Stouffer's Cincinnati Towers.
SPMC ACTIVITIES
Monday, August 18
SPMC Board Meeting
8:30 A.M. Convention Center - Room 213
Guests welcome.
Tuesday, August 19 SPMC General Meeting
10:00 A.M. Convention Center - Room 219
Wednesday, August 20 SPMC Awards Breakfast
8:30 A.M. Stouffer's/Bronze Room A
Awards/ Raffle/ Guest Speaker
SPMC will host a breakfast at the ANA Convention Wednesday, August 20
at 8:30 A.M., in Stouffer's Bronze Room A. Carlton F. (Fred) Schwan of Port
Clinton, Ohio, well-known numismatist, author, and specialist in military
currency, will be the featured speaker at this event. His topic, illustrated with
slides, will be "The E. A. Wright Bank Note Company."
Mr. Schwan, a member of many numismatic organizations, is co-author of
WORLD WAR II MILITARY CURRENCY (1978), with Joseph A. Boling, and co-
author of WORLD WAR II ALLIED MILITARY CURRENCY (1974), with
Raymond A. Toy. A frequent speaker and exhibitor, Fred has authored many
articles for numismatic publications, and is founder and publisher of the BNR
Press, which specializes in paper money books.
Tickets for the SPMC breakfast are required and are $6.50. Deadline for
reservation is August 11. Please send reservations to Wendell Wolka, Box 366,
Hinsdale. Illinois 60521.
Okoboji, Iowa — August 30 - 31, 1980; Paper Money Seminar at Higgins Paper
Money Museum, Okoboji, Iowa; Iowa Great Lakes Paper Money Show, Brooks Best
Western Lodge, Okoboji. SPMC will meet informally at these events to be held
during the 1980 Labor Day weekend. The Seminar will be an educational forum,
with an open house at the museum. A bourse will be held at the Iowa Great Lakes
Paper Money Show. Watch this space and the numismatic press for further details.
For information contact Don Mark, Box 1, Adel, Iowa 50003 (515-223-0891).
New York, New York — September 5 - 6 - 7, 1980; Greater New York Paper
Money Convention held simultaneously with the American Israel Numismatic
Association, Inc., Convention, at the New York Sheraton Hotel, 7th Avenue at 56th
Street, New York City. SPMC will hold a regional meeting in conjunction with the
this event. Watch this space and the numismatic press for further details. For
information contact Morris Bram, General Chairman, P. 0. Box 25790, Tamarac,
Florida 33320.
Toronto, Canada - July 15-18, 1981 ; International Paper Money Congress and
Exhibition (INTERPAM '81). Meetings/exhibition/educational programs/
international bourse/auction sale. Sponsored by International Bank Note Society
and Canadian Paper Money Society. Watch this space and the numismatic press
for further details. For information contact W. H. "Bill" McDonald, INTERPAM
'81, P. 0. Box 704, Station B y Willowdale, Ontario, Canada M2K 2P9.
N411;111 1 11
I ,
Page 2.q6
Paper Money will accept classified advertising from members only on a
basis of 5¢ per word, with a minimum charge of $1.00. The primary
purpose of the ads is to assist members in exchanging, buying, selling,
or locating specialized material and disposing of duplicates. Copy must
be non-commercial in nature. Copy must be legibly printed or typed,
accompanied by prepayment made payable to the Society of Paper
Money Collectors, and reach the Editor, Barbara R. Mueller, 225 S.
Fischer Ave., Jefferson, WI 53549 by the first of the month preceding the
month of issue (i.e., Dec. 1, 1979 for Jan. 1980 issue). Word count: Name
and address will count as five words. All other words and abbreviations,
figure combinations and initials count as separate. 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 W. Member, 000
Last St., New York, N.Y. 10015.
(22 words; $1; SC; U.S.; FRN counted as one word each)
I NEED TWO each of the following issues of "Paper Money":
#1, #2, #3, #5, #8, #40 (misprinted #39 on cover so check inside),
#58, all from #61 through #81. Need one each following: #4, #9,
#10, #11, #39 (check inside), #41 through #60. Will also buy
complete sets. Claud Murphy, Box 15091, Atlanta, GA 30333.
(88)
STOCK CERTIFICATES: 12 different $2.95, 50 different
$14.95. Old checks, 24 different $2.90, 100 different $14.90.
Illustrated list, SASE. Always buying 1 to 1,000,000 wanted.
Clinton Hollins, Box 112J, Springfield, VA 22150.
(92)
DEPRESSION SCRIP. TRADE 3 different Ferndale,
Michigan for your scrip, any state. Trade even piece for piece.
Multiples OK. Lawrence Falater, Box 81, Allen, MI 49227.
(88)
CURRENCY LIST AVAILABLE: Nationals, U. S.
currency, obsolete and Confederate included. Your want list is
solicited. Leonard Garland, 2002 Seven Oaks, Dr., Humble, TX
77339.
(90)
MICHIGAN PAPER MONEY wanted by collector.
Nationals, Obsoletes, scrip, college currency, advertising,
depression scrip, etc. Lawrence Falater, Box 81, Allen, MI
49227.
(88)
WANTED: GEORGIA OBSOLETE currency and scrip.
Willing to pay realistic prices. Especially want city, county
issues. Also Atlanta Bank, Bank of Athens, Ga. R. R. Banking,
Bank of Darien, Pigeon Roost Mining, Monroe R.R. Banking,
Bank of Hawkinsville, LaGrange Bank, Bank of Macon,
Central Bank, Ruckersville Banking Co., Bank of St. Marys,
Bank of U. S. Central R.R., Marine Bank, Cotton Planters
Bank, Interior Bank. Also buying proofs. Ma:1y other issues
wanted. Please write for my want list, mailed free. Claud
Murphy, Box 15091. Atlanta. GA 30'333.
(92)
Whole No. 88
I NEED ONE National note any type, any denomination,
from each of the following Georgia towns: Adel, Claxton,
Cochran, Covington, Cuthbert, Eastman, Forsyth, Hampton,
LaFayette, Nashville, Sylvester, Tallapoosa, Toccoa, Union
Point. Wrightsville. Please drop me a line if you have anything.
Claud Murphy, Box 15091, Atlanta, GA 30333.
(88)
WANTED: $1 USN (red seal) 1928 crisp uncirculated only, 1
to 100, paying $35.00 each. Need all star notes — silver
certificates, USN (red seal) F.R.B., gold seal, 1928 to 1963. Send
notes or price. Quick payment. F. Wright, ANA, SPMC, Box
1315, W. Babylon, NY 11704.
(89)
OLD STOCK CERTIFICATES! Catalog plus 3 beautiful
certificates $2.50. Also buy — highest prices paid for quality
stocks and bonds. Please write! Ken Prag, Box 531PM,
Burlingame, CA 94010.
(95)
BISONS, INDIANS, EAGLES, Martha, George
Washingtons, Educationals, Port Holes, Battleships, Gold
Notes. Many more. Nationals, large, small. Over 40 states.
Errors. Many CU's. Over 600 notes. Bi-monthly mail bid. Free
List. Where currency is first, not a sideline. ANA, SPMC. Ed's
Currency. P. 0. Box 7295, Louisville, Ky 40207.
(90)
WANTED: U. S. MILITARY Payment Certificates, N. Y. &
Penn. Nationals, obsolete and scrip — railroad, banks on old
postcards, stock certificates, locks, keys, lanterns, etc. C. Roy
Hall, Hall's Collectables, 4 Second Ave., Susquehanna, PA
18847.
(89)
WANTED: LARGE AND small Nationals of any Marshall,
Texas bank. Also I am buying CU small size Federal Reserve
Bank Notes. John T. Martin, Box 7058, Powderhorn Station,
Minneapolis, MN 55407.
(92)
WANTED: SERIES 1963 FRN ending in 62; need CB, DB,
FB, GB. Have CB, FB, GB to exchange if desired. Series 1963A
FRN ending in 62 need AB, CB, EB, IB, LB. Sam Gard, P. 0.
Box 1777, Brenham, TX 77833.
(88)
WANTED: FRN TRADERS: Need active traders in all
districts to mutually assist in FRN block and fancy serial
collecting. References available. All inquiries answered. Larry
Booth, P. 0. Box 853, Salem, VA 24153.
(90)
STOCK CERTIFICATES, BONDS —list SASE. Specials,
satisfaction guaranteed: 50 different stocks. $14.95. 100
different unissued stocks. $19.95. 100 different old checks,
$19.90. Always buying, Clinton Hollins, Box 112J, Springfield,
VA 22150.
(92)
MISSOURI CURRENCY WANTED: large size Nationals,
obsolete notes and bank checks from St. Louis, Maplewood,
Clayton, Manchester, Luxemburg, Carondelet, and St.
Charles. Ronald Horstman, Route 2, Gerald, MO 63037.
(91)
Paper Money Page 237
WANTED: "PAPER MONEY" issues #2, #3, #4, #5, #33,
#40. Will also buy complete sets. Member SPMC 5522. Ted
Nehrenberg, 307 Placentia, Newport Beach, CA 92663.
(91)
RESEARCH DATA REQUESTED on $1 1928 Red Seals.
Please list condition, serial number, face position letter and
check number, and back check number. Large Size Star note
information also requested as above. Also please show
Friedberg number of described note. Ownership kept
confidential. Thank you. Logan Talks, 4108 Elmhurst, Toledo,
OH 43613.
(89)
WANTED: FANCY SERIAL numbered notes: Radars,
repeaters, solid numbers, ladders. Please list and quote prices.
Also, Virignia Nationals and obsoletes. Will answer all letters.
Larry Booth, P. 0. Box 853, Salem, VA 24153.
(90)
WANTED: TENNESSEE AND Texas Nationals or obsolete
currency. Please describe and price. I will also trade. Leonard
Garland, 2002 Seven Oaks, Dr., Humble, TX 77339.
(90)
BUYING UNCUT SHEETS, stock certificates, bonds, proof
notes, lumber, coal scrip. Frank Sprinkle, 304 Barbee Blvd.,
Yaupon Beach, Southport, NC 28461
CURRENCY MAIL BID: Please send your name and
address if you wish to be on my mailing list for regular mail
bids of U. S. and foreign currency. Ken Elwell, Obsolete
Currency of Cape Cod, P. 0. Box 571, West Yarmouth, MA
02673
(89)
WANTED: BISMARCK, N. D. NATIONALS large size,
and any original books dealing with counterfeit currency, also
signed Treasury cards. Please describe in letter. I will pay
postage. Larry Sanders, 401 Apollo Ave., Bismarck, ND 58501
TENNESSEE-ARKANSAS-FLORIDA obsolete wanted—
especially the better notes. Also want older checks with nice
vignettes. Please contact Bob Pyne, 1610 Bennett Road,
Orlando, FL 32803
(99)
NOTICE: RESEARCH BOOK being compiled on small size
currency. Information now needed on all North Africa
Emergency Issue Star notes (yellow seal), $1, $5, $10. Collectors
and dealers are kindly requested to send star serial number,
grade, face and back check number. All correspondence will be
honored and respected as strictly confidential. This
information will serve to enhance, illuminate, and extend the
field of paper money collecting. Please contact Omniphore
Currency, Box 7070, Cannel, CA 93921
(91)
U. S. TYPE NOTES WANTED: I wish to complete a full
collection of U. S. large and small type notes. Will pay top
dollar for CU notes in small size and EF or better in large size.
Will take more than one of each if price is right. Don Olmstead,
Box 135, Calais, Maine 04619
(90)
SPRINKLE IS BUYING paper scrip of J. J. McAlester of
Oklahoma. Frank Sprinkle, 304 Barbee Blvd., Yaupon Beach,
Southport, NC 28461
ORANGE COUNTY, CALIFORNIA Series 1902 Nationals
wanted: Anaheim (charter 11823); Brea; Fullerton (charters
9538, 12764); Garden Grove; Huntington Beach; La Habra.
Some trades available. David A. Brase, Eastern Virginia
Medical School, P. 0. Box 1980, Norfolk, VA 23501
(94)
SELL ME YOUR old share certificates, bonds, cheques,
promissory notes and world paper money. Top prices for choice
material. Free lists. Wants lists accepted. Also buying old
books on railroads, mining and banking. Geoff Cole, Box 460,
Streetsville, Ontario, Canada 1,5M 2B9. Tel: (416) 826-9437
evenings
(91)
CANADIAN PAPER MONEY: Will buy or trade for your
Canadian notes, any grade, any type. Ship or write. Maritime
banknotes especially wanted. Don Olmstead, Box 135, Calais,
Maine 04619
(90)
MINNESOTA OBSOLETE BANKNOTES and scrip for
sale: Treasurer of the State, Peoples Bank of St. Peter, Dayton
Bank. Write for prices. John Bastolich, Box 874, Minneapolis,
MN 55440
SPRINKLE WANTS HUGE hoard of stock certificates,
bonds and uncut sheets. Frank Sprinkle, 304 Barbee Blvd.,
Yaupon Beach, Southport, NC 28461.
WANTED: CU $1 note with serial #09221978. James E. Lund,
Route 7, Box 726, Alexandria, MN 56308
(91)
WANTED: SMALL U. S. currency exchange partners.
Massachusetts collector would like to exchange names and
addresses from collectors from the other eleven federal reserve
districts. William A. DeGiacamo, 896 Main St., Walpole, MA
02081
WANTED: WADSWORTH, OHIO notes. Any type. Also
wanted, any historic material relating to Wadsworth, Ohio.
Dave Everhard, 4934A Locuts St., Great Falls, Montana 59405
(97)
WANTED: CU $1 FRN note with serial #00011111 or serial
#00111111. James E. Lund, Route 7, Box 726, Alexandria,
MN 56308
(91)
WANTED: MILITARY PAYMENT Certificates (MPC's), $5
and $10 denominations of Series #521, 541, 591, in crisp
uncirculated (CU) condition only. Only one note of each series
is required. State firm price when writing. N. L. Imbriglio, P. 0.
Box 399, Oakhurst, NJ 07755
(93)
WANTED: OBSOLETE NOTES and scrip from Arkansas
for SPMC book. Please send list, if not for sale, or will buy or
trade if needed. Also proofs. Help make this Arkansas book
complete. Matt Rothert, 656 Graham St., Camden, AR 71701
(91)
WANTED: OBSOLETE COLLECTIONS, accumulations
any state. Lists welcome. Will travel. References. Ron
Carpenter, 130 Pebblebrook, West Columbia, SC 29169 (ph.
356-4932).
(92)
LOT 2230- I UNIQUE SET OF
9 GRINNELL
"SAMPLE" NOTES
PRICE
REALIZED -
$55,000!
A 4
a,
(ID Lai E.--17:-/-
NASCA 15 pleased 10 announce
mat In the Spring of 1980
in addition to our regular
ccin saes we will be notaing
two currency saes incluoind
one in conrunction witn the
1980 Memphis Paper Money Show
IF you wish to consign
sne cestigious sales p ease call us collect and rust tell
2. afoul a consrgnment We will De happy to accept
op., Deicer and we will send the additional
SPECIAL NOTICE
CONSIGN YOUR CURRENCY
WHILE THE MARKET IS
AT ITS PEAK AT THE
LOWEST COMMISSION RATES
IN THE UNITED STATES
NUMISMATIC AND ANTIQUARIAN SERVICE CORPORATION OF AMERICA
265 Sunrise Highway. County Federal Bldg., Suite 53
Rockville Centre, L.I., New York 11570
516/764-667778
Page 238
Whole No. 88
• THANK YOU FOR MAKING
: NASCA'S BROOKDALE CURRENCY SALE REALIZE A TOTAL PRICE OF
•••••
$1,001,812.00
•••••
THE FIRST CURRENCY SALE IN THE HISTORY OF THE WORLD
EVER TO TOP 1 MILLION DOLLARS!
Hundreds of world record prices were achieved including the
highest price ever paid for a single U.S. note at public auction.
LOT 1414
FR. 2 55 DEMAND NOTE-UNC.
PRICE REALIZED - $23,000!
Other record prices and highlights from this legendary sale include:
NASCA
1700 :;0
3900 00
4000 00
360000
12.50000
4 000 00
580000
230000
4 00000
15000 00
5 200 00
5.00000
4.10000
9000 00
3 900 00
420000
3 700 00
4500 00
2.80000
2.50000
145000
57500
80000
1.15000
175000
8250 00
8.25000
230000
6600 00
302 in
308
310 3 2
00000 311 355
250000 313 line
125000 320 Unc
240000 328 55,5
2 300 00 344 One VF
160000 347 Gem Unc
160000 348 Gem Urc
500000 355 Gem. Unc
300000 361 Cnoice Unc
220000 369 unc 00000
3 700 00 373 Ef 200000
4 900 00 387 Proof Net Listed
3900 00 389 unc Not Listed
180000 194 unc Not Listed
1050 00 Choice Unc 20500
27000 unc 22500
2 000 00 Gem Unc 22500
180000 81'72 Gem Unc 350 00
3900 00 1120 Cnorce Unc 300 00
4 300 00 1132 Unc Not Listed
2000 00 1133 Unc Not L4lea
210000 1200 Gem Unc 1000 00
3800 00 12i5-F VG Not Isted
NASCA COMMISSION SCHEDULE FOR CONSIGNMENTS
PRICE REALIZED COMMISSION CHARGED COMMISSION
PER LOT TO CONSIGNOR CHARGED TO BUYER
SI —200
5201 — 299 13 5%
5300 — 499 10% 5%
5915B — 1499 712 0 5%
51500— up 5%
SPECIAL NOTICE we w" 1 "°'and'"""`"Y`''''''''"''''Mrami Beach n Orionis,: as well as
the Long Beacn internatronal Corn Convention at the beginning of February. 1980
If you wish to deliver your consignments there we certainly will be happy to
receive thorn ono arscuss this with you further
A few copies of this historic Brookdale catalogue and prices realized are
ovoiloble - see the coupon below.
FJASCA
265 Sunrise Hwy 453 - Rockville Centre. N V 11570
I wish to Order a copy Of the Blockade catalogue and prices realized at
56 00 each Enclosed 15 my check in the amount of 5
for _ copies Please rush them
I wish to consign to one of your upcoming currency sales at the lowest
commission rates in the country Please call me at
(Area Code)
Please send me mote details to the oadress listed below
I wish to charge my Order to Master Charge Visa (BankAmencard)
My Crest? Cord Number is
Expiration Date inter Bank
Signature
NAME
ADDRESS
L CITY _ _ STATE ZIP
I
Paper Money
Page 239
SINCE 1956 = i
"Real" Investments; Collectibles, Gold & Silver
Jonathons Coin, inc. "Real News Reports" Weekdays 7:50, 11:50 & 5:50 on TV CH. 22
This year,
Jonathons Coin, inc.
will buy and sell more
choice and gem
large and small size
U.S. currency
than any dealer
nationwide.
From type notes
to major rarities.
Our 24 years of experience
stand for service
of the highest quality.
We deal in superb material only,
and encourage all serious investors
and collectors
to call us first.
Richard J. Schwary
Executive Vice President
A.N.A. Life Member 2372
525 West Manchester Boulevard, Inglewood, California
(213) 674-3330 Outside Ca. (800) 421-2932
National Teletype Facts A13
Page 240 Whole No. 88
Ceylon Government issue,100 Rupees 1945
Collect the experience
ofour specialists too.
Serious collectors of paper
money are, naturally, equally serious
about where to buy or sell.
At Stanley Gibbons we have a
number of experts, each highly-
experienced, to help and advise with
your collecting needs.
As the largest dealers in the
world (with material from the 14th to
the 20th Century) we can offer you the
greatest choice of regular issues,
military, emergency and siege notes,
proofs, specimens and colour trials.
It makes sense to come to
Stanley Gibbons, one of the oldest
established names in the collecting
world.
Cheques. A growing new interest in a
hobby that combines a fascinating
insight into social history and the
beauty of artistic engravings.
We have an excellent selection
dating from the 17th Century and
prices range from LI to £250.
Do telephone or write for more
infinination about a subscription to
our retail list or our Auctions, Wants
and Approvals Services.
Christopher Stocker
Stanley Gibbons
Currency Ltd.
Banknotes (Department PM)
395 Strand, London WC2R OLX
Tel: 01-836 8444 (Extn. 350)
Paper Money Page 241
OF :
We are in fact interested in just about anything in paper, be it a collection or a single
item. If you have Banknotes to sell it will pay you to contact Gary Snover at:
STANLEY GIBBONS CURRENCY, INC.
P.O. Box 3034
San Bernardino, CA 92413
Telephone 714/883-5849
M7) Ul Y. A/ /6'Y' : (('(6C-6%/011/7/
Established 1858
J7'W14,094
Page 242 Whole No. 88
• ■•••■ •■■•■•••• •-•■■••• •■•••,, 4,0., Fa., ■11.0,11.11•■••■■
October 5, 1829, the Bank of Lebanon began its career as a State Bank In 1865 it became the National Bank of Lebanon,
New Hampshire, becoming one of the few banks to issue both State and National Bank Notes.
This One Hundred Dollar note was printed by the American Bank Note Company in 1860. The central vignette is "Agricul-
ture" by the artist James Shucelle and engraved by W. W. Rice. The left vignette is the "Calmady Children" by the artist Sir
Thomas Lawrence. The right vignette is a young boy engraved by James Bannister.
SOCIETY OF PAPER MONEY COLLECTORS INC.
-,ei,a.INII 612 INTERNATIONAL PAPER MONEY CONVENTION
MEMPHIS, TENNESSEE — JUNE 6-8, 1980
1980 SPMC SOUVENIR CARD
The Society of Paper Money Collectors has issued their second souvenir card. It was released on June 6,
1980 at the Paper Money Show in Memphis.
It is printed in red and black on heavy white card in a limited issue of 10,000 cards. They are for sale by mail
for $3.00 each postpaid. They will be for sale until December 15th, 1980, or until sold out, whichever comes
first.
S
S
S
Order your 1980 SPMC SOUVENIR CARD for $3.00 each postpaid
from
1980 SPMC SOUVENIR CARD
P. 0. Box 18888
San Antonio, Texas 78218
S
S
Paper Money Page 243
WANTED
OKLAHOMA OKLAHOMA
NATIONAL BANK NOTES
SMALL SIZE 1929
5126 WYNNEWOOD 7811 WALTERS 9964 GUYMON 10875 ERICK
5272 NEWKIRK 7822 HASKELL 9968 CORDELL 10960 POCASSET
5298 DAVIS 8052 WEWOKA 9970 STILWELL 11397 TONKAWA
5347 STILLWATER 8138 GUYMON 9976 SAYRE 11763 CARNEGIE
5546 PRYOR CREEK 8140 FREDERICK 9980 HARRAH 11913 IDABEL
5587 ALVA 8203 CHICKASHA 9987 SHATTUCK 12035 MOORE
5811 MANGUM 8294 MAUD 10003 BRAMAN 12078 WELLSTON
5955 CHELESEA 8313 PAWHUSKA 10005 POND CREEK 12104 DEPEW
5958 MARIETTA 8472 OKLA. CITY 10020 GEARY 12117 PRYOR CREEK
5961 PAWHUSKA 8524 STRATFORD 10051 CHECOTAH 12130 BLAIR
6113 ALTUSS 8563 LUTHER 10075 KAW CITY 12148 COYLE
6232 RALSTON 8616 DUNCAN 10117 CLAREMORE 12157 NORMAN
6241 OKMULGEE 8644 MINCO 10151 EDMOND 12472 ARDMORE
6299 COMANCHE 8744 WAURIKA 10205 MARLOW 12801 HUGO
6517 QUINTON 8852 TEXHOMA 10239 HEAVENER 13021 MADILL
6641 WANETTE 8859 VERDEN 10240 HOLLIS 13751 OKMULGEE
6660 MCLOUD 9046 SULPHUR 10286 MADILL 13760 FREDRICK
6868 BEGGS 9709 WAYNOKA 10304 TECUMSEH 13891 PONCA CITY
6879 COWETA 9881 KINHSTON 10380 ACHILLE 14005 DURANT
6980 CALVIN 9888 HEAVENER 10381 COLBERT 14108 WALTERS
7115 BROKEN ARROW 9942 TULSA 10402 KAW CITY 14305 PAWHUSKA
7209 BERWYN 9946 MARLOW 10548 RING LING
7278 THOMAS 9949 NOWATO 10573 VIAN
7724 WETUMKA 9963 ELDORADO 10689 COMMERCE
Will pay for VG to VF $75.00 VF to UNC $125.00 for above notes
On above notes ship don't write.
Will buy most all large notes on the State of Okla. Write
Pay $1500.00 for any $50.00 RED SEAL on Oklahoma.
I am interested in many other states, Kan., West Texas, Ark., Ariz., New Mexico, Utah, Colo., Calif., Mont., Nevada and
many more. Will buy complete collections, just write.
Also wanted series 1929 FEDERAL RESERVE BANK NOTE brown seal $5.00 San Francisco. Pay $1000.00 for Unc.
Buying all #1 notes on $1.00 Silver Certs. & Nationals large & small size.
SPMC 994
HARRY SCHULTZ ANA 38362
BOX 75, KREMLIN, OKLAHOMA 73753
AC 405-874-2401
Page 244 Whole No. 88
OLMSTEAD CURRENCY
We are pleased to announce the formation of OLMSTEAD CURRENCY to serve your needs in
the following areas:
*ALL CANADIAN PAPER MONEY
*U. S. TYPE NOTES AND OBSOLETE CURRENCY
*NEWFOUNDLAND COINS
WE NEED TO BUY!
We need to build our inventory and you can profit when we do.
We need All Canadian Paper Money, regardless of grade, type or quantity.
We need United States Type notes. Uncirculated notes are preferred for small size notes but
FINE or better is acceptable for large size notes.
We need U. S. Obsolete Currency, preferrably in Uncirculated condition with a quantity of each
note. Sheets are especially required.
Whether you have one or two notes or an entire collection, it will pay you well to contact us. Ship
with invoice or write for our cash offer - we can and WILL PAY THE TOP PRICE.
SOME OPENING OFFERS
Canada - 1937 King George $2 note (brown) VG $7.00; FINE $10.00
- 1954 Queen Elizabeth $2 type (brown) CU $6.00
- 1974 Queen Elizabeth $2 type (brown) CU $3.00
- 1967 Centennial Commemorative $1.00 (Ser No) CU $4.00
- 1954 Beattie-Coyne Devil's Face $2 CU $26.00
- 1954 Beattie-Coyne Plain $20* Asterisk AU $150.00
LARGE FREE SALES LIST - write for our large list of Canadian notes.
Rare notes to current issues, Dominion of
Canada, Bank of Canada, chartered banks,
shinplaster fractionals, etc.
CORRESPONDENCE INVITED - WE SPECIALIZE IN SERVICE
DON OLMSTEAD
P. O. BOX 135 CALAIS, MAINE 04619
Mail coupon to: (7
New England Rare Coin Galleries
P.O. Box 1776, Boston,
MA 02105
HB -5
'NEW
ENGLAND
RARE COIN
GALLERIES
Paper Money Page 245
Sell your currency to
the company that% not
holding out for a bargain .
New England Rare Coin Galleries
holds out for quality.
New England Rare Coin Galleries, the world's
largest dealer in rare U.S. coins, is now buying
rare U.S. currency. And we are
applying the same high
standards to our paper money
inventory that have made our
rare coin inventory famous:
unsurpassable quality material, with
absolute guarantees of grading and
authenticity. We can't afford any
bargains ...we will pay only top
prices, but only for top quality
currency. Here are some examples
of our current needs, and the
prices we will pay for
uncirculated notes, depending on
condition:
❑ Federal Reserve Notes $5, $10 1914: $275
❑ Silver Certificates $5 Educational: $9,000
❑ Treasury Notes $2 1890: $8,900
❑ Hawaii $20 1934: $825
We don't expect any bargains ... and
our offer may come as a pleasant
surprise to you. Ship your notes,
registered and insured, to New
England. Or contact us first to
discuss your collection.
A special Offer
for SPMC
Members!
If you collect paper money you should read
Inventory Selections'', New England's monthly
catalog of coins and paper money. Subscrip-
tion cost is $10 per year, automatically
extended when you buy $150 or
more from any catalog. As a spe-
cial introductory offer to SPMC
members, we are offering free
sample copies of the current issue.
Inventory Selections' feature arti-
cles, monthly columns, and bountiful
selection have made it one of the most
eagerly awaited publications in numis-
matics ... and now in syngraphics too!
Send for your free current issue today.
Dear New England:
❑ Enclosed are notes from my collection. Please contact
me with your offer.
❑ Please contact me about buying my
(brief description of material you wish to sell )
❑ I'd like to receive your currency offerings every
month. Please enter my subscription to Inventory
Selections '. I enclose $10.
❑ I'm an SPMC member. Please send the current issue of
Inventory Selections free.
Name
Address
City, State, Zip
Daytime Tel.: (
New England Rare Coin Galleries
World's Largest Dealer in Rare U.S. Coinage
89 Devonshire Street, Boston, MA 02109 ❑ Toll-free 800-225-6794 ❑ In Mass. 617-227-8800
• 00;1 ), 34.) .±c -7W,747-.7.",F• atizgliVaWaTF;!fir./Z7iii --247141,4):;:l,„ ,„ 1 4
1111114.1NitjAWAtiiii tiffit• Vi
•
.1t7s.errin.v.NrittiglewWW.icrIbb WW-411100.43”U ,
748
Page 246
Whole No. 88
OWN A NATIONAL BANK NOTE FROM THE HISTORICAL ELLA
OVERBY CURRENCY HOARD FOUND IN STARBUCK, MINNESOTA
IN 1970!
THE FIRST NATIONAL BANK OF STARBUCK, MINNESOTA - CHARTER NO. 9596 THIRD
CHARTER, BLUE SEALS: DATED BACKS, PLAIN BACKS IN $5, $10 and $20
DENOMINATIONS
PRICES: F-VF $125.00
VF-XF $150.00
XF-AU $175.00
AU-CU $200.00
CU $250.00
Select denomination and grade desired. Include second choices. Three-day return privilege.
Satisfaction guaranteed.
MAURICE M. MELAMED
Liberty Bank Bldg.-Suite 108
St. Paul. MN 55104
Phone: 612/645-5061
Page 247Paper Money
f -‘ • Protection for
(a 1̀4' ) All Paper Collectables
\-._ ./ and Important Documents
Currently Used by:
• Currency Collectors
• Stamp Collectors
• Stock Certificate Collectors
• Law Enforcement - Evidence holders for bad checks,
questioned documents, etc.
• Lending Institutions, banks, etc.
• And many more
100% Mylar
SEND FOR FREE COLOR
BROCHURE DESCRIBING COMBINATIONS
AND SPECIFICATIONS COVERING CURRENCY,
STAMPS, STOCK CERTIFICATES, ETC. ALBUM
IS STRIKINGLY DESIGNED AND AFFORDABLE.
PRICES START FROM $26.95 COMPLETE.
‘ ,1
-1‘140114ER EXCLUSIVE FROM:
GRAECO
P.O. BOX 937
BREA, CA 92621 • (714) 529-0285
Page 248 Whole No. 88
RECORD
PRICES achieved at
ANA Midyear Convention
Auction by...
slanislyuestis
We are proud of the results at Albuquerque.
Just look at some of the record high prices
realized...
Liberty Nickel 1885 Proof (63) $ 2400.
Barber Dime 1899-P Proof (67) $ 3800.
Seated Liberty Quarter 1877-S M.S. (69) $ 5600.
Barber Half 1892-P M.S. (67) $5700.
Mercury Dime 1926-D M.S. (67) $1500.
Standing Liberty Quarter 1921-P M.S. (67) $4700.
Nickel Roll 1937-S (67) $2000.
Dime Roll 1943-D M.S. (65) $1350.
Elgin Half Roll M.S. (60-65) $8150.
Cunningham's is in charge of the
California State Numismatic Association's
Semi-Annual Convention Auction,
October 10-11-12,1980 in San Diego.
For consignment information please call:
Michael Cunningham at (515) 827-5258
P.O. Box 197
Story City, Iowa 50248
(515) 827-5258
A.N.A. Life Member No. 2295 I.N.A. Life Member No. 84
CC !'CC 1T
and
CUTBERN STAT'cS
CTIREENCY
Paper Money Page 249
OVER THREE DECAD
As America's Largest Dealer in Obsolete Currency
Means Very Simply That . . .
°ROYER t SWELL
CAN HELP YOU BUY OR SELL!
If you are not on our mailing list, write today for your free copy of our latest
60-page offering of notes, and send us your WANT LIST.
STANDARD REFERENCE WORKS:
CONFEDERATE & SOUTHERN
STATES CURRENCY
By Grover C. Criswell
This 300 page, hardbound, pro-
fusely illustrated book illustrates
and prices virtually all notes, both
major and minor varieties, issued by
the Confederate States of America,
each of the individual Southern
States, the Territory of Florida and
the Republic of Texas. No library
should be without it. Autographed
if you wish. $15.00
CONFEDERATE & SOUTHERN
STATES BONDS
By Grover C. Criswell
Another standard reference work,
this 380 page hardbound book pro-
fusely illustrates, and prices the
bonds and stock certificates issued
by the Confederate Government,
the individual Southern States from
their first issues through the turn of
the century and the Republic &
Government of Texas. First re-
leased in 1961, this second edition
is hot off the press and acurately
reflects the tremendous interest in
stock and bond collecting which
has evolved in the last few years.
Autographed if you wish $24.95
CON
inn STATES
BC ES
A BANKING HISTORY OF LOU-
ISIANA
By Stephen A. Caldwell, Ph.D.
This 138 page book, written by Dr.
Stephen Caldwell, Assistant Profes-
sor of Economics at Louisiana
State University in 1935 was re-
printed by Criswell's Publications
in 1977 with special permission of
the original printers, The Louisi-
ana State University Press. Though
the title would indicate that the
book is purely on Louisiana bank-
ing, this is far from the case. It is
an excellent study of the U.S.
banking history from the early
1800's through 1930, and no stu-
dent of paper money or any li-
brary should be without it $10.00
Special on ALL THREE - $44.95
CRISWELLS', FORT McCOY, FLORIDA 32637 U.S.A.
Phone AC 904 685-2287
■11110, MOO
ON• 1101.11-V111.
UNITED STATES
LEGAL TENDER MITES
V•11,` ,•.•
DNUED .5TATES
SILVER CERTIFICATES
•
u5■,55 STATES
GOLD CERTIFICATES
- • - , • -
NATIONAL CURRENCV
-• • •-
,-• • ■
Mu-
5;TuTE,SI ATE,
FEDERAL RESERVE NOTES
•
• FEDERAL RESERVE NOTES
UN,ED 5 7,- ES
SMALL SIZE CURRENCY
uN•TED STATES
EXPERIMENTAL ISSUE
11111.VY Mall/NAVY
JNITE,7 5TA'ES
• EMERGENCI' SERIES
- I 131111, 11 &TM - ,
r.
Page 250 Whole No. 88
For An. Award , Winning Collection
MOUNT YOUR U.S. PAPER MONEY ON
eit0e/Ftf%X CURRENCY ALBUM PAGES
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
L-01 One Dollar 1928 1 .60
L-02 Two Dollars 1928-63A 14 4.50
L-05 Five Dollars 1928-63A 12 3.50
L-3B Any Denomination ANY 12 3.50
Silver Certificates
SC-1 One Dollar 1928-57B 21 6.00
SC-5 Five Dollars 1934-53B 8 2.50
SC-10 Ten Dollars 1933-538 9 3.00
S-EA Emergency Issue - Africa 1934-35A 3 1.50
S-EH Emergency Issue - Hawaii 1934-35A 4 1.50
S-RS Experimental Issue - "R" & "S" 1935A 2 .60
S-3B Any Denomination ANY 12 3.50
Gold Certificates
G-01 $10.-$20.-$50.-$100. 1928 4 1.50
Federal Reserve Bank Notes
F-05 Any Denomination 1929 12 3.50
National Currency
N-05 Any Denomination 1929 12 3.50
N-3B Any Denomination 1929 12 3.50
Federal Reserve Blockletter and
Notes - $1.00 District Sets Star Note Sets
SERIES CAPACITY RETAIL SERIES CAPACITY RETAIL
01-1 Granahan-Dillon 1963 12 3.50 01-1B 34 8.75
01 - 2 Granahan-Fowler 1963A 12 3.50 01-2B 70 17.75
01.3 Granahan-Barr 1963B 5 2.00 01-3B 13 3.75
01-4 Elston-Kennedy 1969 12 3.50 01-4B 36 9.25
01-5 Kabis-Kennedy 1969A 12 3.50 01.58 32 8.25
01-6 Kabis-Connally 1969B 12 3.50 01-6B 35 9.25
01-7 Banuelos-Connally 1969C 10 3.50 01-7B 25 6.75
01-8 Banuelos-Shultz 19690 12 3.50 01-8B 47 12.25
01-9 Neff-Simon 1974 12 3.50 01-9B 68 17.25
01-10 Morton-Blumenthal 1977 12 3.50 01-10B 63 16.25
01-11 Morton-Miller 1977A 12 3.50 01-118 24 6.50
Federal Reserve Notes - $2.00 Series Capacity Retail
02-1 Neff-Simon 1976 12 3.50
Federal Reserve Notes - $2.00 Blockletter and Star Notes Sets
02-1B Neff-Simon 1976 24 6.50
Federal Reserve Notes
F-3B Any Denomination ANY 12 3.50
Small Size Currency
AP-3B All Purpose (Errors, radars, etc.) ANY 12 3.50
Please include $1.50 for postage and handling on all orders.
PHOENIX CURRENCY ALBUM PAGES fit any standard three-ring loose-leaf binder.
R. J. BALBATON, INC. POST OFFICE BOX 314, PAWTUCKET, RI 02862
WANTED: RAILROAD
STOCKS AND BONDS
Absolutely Highest Prices Paid
Also Trade. Pre-1915 Needed.
Also need other nicely engraved pre-1930 Bonds
David M. Beach
Box 5484, Bossier City, LA 71111
(318) 865-6614
ANA SPMC London Bond & Share Society
TENNESSEE CURRENCY WANTED
NATIONALS (Large & Small)
for my personal collection
Also Southern States Nationals
Confederate Notes
,‘„attlitc) °t'4It
ANA.#
22459
,
SPMG#
1300
JASPER D. PAYNE
P.O. Box 3093 Knoxville, Tenn. 37917
Advertise In
Official
Bimonthly Publication
The Society of
Paper Money Collectors, Inc.
WANTED
U.S. NATIONAL BANK NOTES
and U.S. CURRENCY
Will Buy — Any and All
Will Sell — List Available
Frank R. Trask
SPMC, ANA, NECC
Phone 603-382-4059
P. 0. Box 453 Exeter, NH 03833
Paper Money Page 251
WANTED
TO
BUY
NEW BRUNSWICK, NEW JERSEY NATIONALS
TOP PRICES PAID
For the three New Brunswick, New Jersey banks pictured here: The First National Bank of
New Brunswick Ch. #208; The National Bank of New Jersey Ch. #587; and the Peoples National
Bank of New Brunswick, Ch. #3697. Buying any large size notes on these banks; and small size
$5.00 Type I and II with Parker and Kirkpatrick sig., $10.00 Type II with Kirkpatrick sig., and
$20.00 Type II with Parker sig. all on the #587 bank.
Please state condition and price with first letter. Send photo, if possible. Will pay for photo.
(86)
I reserve the right to
reject any and all items
for any reason.
WANTED FOR
MY COLLECTION
William R. Kazar,
SPMC 3785
280 George St.
New Brunswick, NJ 08901
(201) 247-8341
Wanted To Buy, Georgia Obsolete Currency
EAGLE & PHOENIX MFG. CO.
(1893), any note.
Ellis & Livingston. any note.
Farmers Bank of Chattahoochee,
any note.
Greenwood & G fumes, any note.
'I'.M. I logan. any note.
Insurance Bank, any note.
Livery Stables. any note.
Manufacturers & Mechanics Bank.
$2.00, $3.00, $10.00.
Mobile & Girard H.R., any note.
NI USCOGEE MFG. CO . (1893), any
note.
Palace Mills. almost all notes.
Phoenix Hank, any note.
Planters & Mechanics Hank, any note.
Western Bank of Ga., (BRANCH),
any note.
COOL SPRINGS
WILLIS ALLEN (store), any note.
CORDELE
Crisp County Cotton association
(1915), any note.
COVINGTON
Richard Camp. any note.
CUTHBERT
Banking House of John McGunn,
any note.
DAHLONEGAH
Bank of Darien (BRANCH), any note
Cherokee Bank, any note.
Pigeon ROOST. Mining Co., any note.
DALTON
Bank of Whitfield. any fractional:
"M ANOU VIER - 93.00 & 85.00.
Cherokee Insurance & Banking, any
Fractional: $2.00. 85.00, 810.00.
City Council of Dalton, any note,
especially signed.
Planters Insurance Trust & Loan Co..
any note, ESPECI ALLY SIGNED.
Planters & Mechanics Bank, any
FRACTIONAL.
DARIEN
Bank of Darien, any note.
DECATUR
Scrip, Various issuers. want any note.
DUBLIN
Laurens County, any note.
EATONTON
Bank of the State of Ga. (Branch),
$50.00. $100.00.
ELBERTON
Elbert County, any note.
FORSYTHE
County of Monroe, any note.
Monroe R.R. & Banking Co., (Branch),
any note.
Scrip payable at AGENCY OF THE
Monroe R.R. Bank. any note.
FORT GAINES
Fort Gaines, any note.
FORT VALLEY
Pulaski County, any note.
JACKSON
Butts County, any note.
JONESBORO
Clayton County, any note.
JEFFERSONTON
(Scrip), any note.
LA FAYETTE
Western & Atlantic R.R., any note.
LA GRANGE
LaGrange Bank, any note, — DON'T
WANT "RECONSTRUCTIONS. -
LUMPK IN
Stewart County, any note.
MACON
Bank of Macon, any note, especially
notes payable at Branch in
Bank of Middle Georgia, any note.
BANK OF THE STATE OF GA.
(BRANCH), (RARE) PAY HIGH,
any note.
BILL OF EXCHANGE (issued from
Charleston, S.C.) any note, especial-
ly signed.
Central H.R. & Banking Co. (Branch),
S. an)' note.
City Council of Macon, any note.
City of Macon, any note.
Commercial Bank, any note.
ON D. Dempsey, any note.
Exchange Bank 11893), any note.
Insurance Bank, any note.
Macon & Brunswick H.R., 93.00 &
higher.
Macon & Western RR., any note.
Manufacturers Bank, any Fractional:
910.00, $20.00, $50.00, $100.00.
The following is my want hst of Georgia obsolete currency. I will pay competitive and fair prices for any Georgia notes. I
will buy virtually any Georgia note, so if you have anything Georgia please write, or send for offer, subject of course to your
approval. I also sell duplicates. I am working on a book listing Georgia obsolete currency, and will appreciate any help, it
you have unusual or rare Georgia notes.
Agency Planters Bank (Scrip), any
note.
GAINESVILLE
City of Gainesville, any note.
GEORGETOWN
John N. Webb, any note.
GREENBOROUGH
D.B. Lanford, any note.
BANK OF THE STATE OF GA.
(BRANCH) (RARE) Pay high, any
note.
BANK OF GREENSBOROUGH,
any note.
GREENVILLE
County of Merriwether, any note.
GRIFFIN
City Council of Griffin, any note.
County of Spaulding, any note.
Exchange Bank, any note.
Interior Bank. any note. Also CON-
TEMPORARY COUNTERFEIT
Monroe H.R. & Banking Co.
(Branch), any note.
HAMILTON
Harris County (HAMILTON NOT
NOTES), any note.
HARTWELL
Hart County. any note.
HAWKINSVILLE
Agency Planters Bank (Scrip), any
note.
Bank of Hawkinsville, any note.
claud murphy, jr., p.o. box 15091, altanta, georgia 30333
telephone (404) 876-7160
Page 252
Whole No. 88
Nobody pays more
than Huntoon for
ARIZONA&
'WYOMING
State and Territorial Nationals
UNTO STATESOFNERICA
WANT ALL SERIES, ANY CONDI-
TION, EXCEPT WASHED OR "DOC-
TORED" NOTES.
(MANY TRADES!)
PETER HUNTOON
P.O. Box 3681, Laramie, WY 82071
FIRST ANNUAL
GREATER NEW YORK PAPER MONEY CONVENTION
held simultaneously with
AMERICAN ISRAEL NUMISMATIC ASSOCIATION
at
The New York Sheraton Hotel
56th St. & 7th Ave.
New York, N. Y.
September 5, 6, 7, 1980
Featuring:
BOURSE OF RECOGNIZED PAPER MONEY DEALERS, U. S. AND FOREIGN
SYNGRAPHICS AND SCRIPOPHILY EXHIBITS
AUCTION BY NASCA
EDUCATION FORUM
PAPER MONEY SOCIETY MEETINGS
General Chairman - Morris Bram
For Information:
GNYPMC, Box 25790, Tamarac, Florida 33320
Paper Money Page 253
WANTED
FRACTIONAL CURRENCY: highest prices paid for scarce, or higher grade material — regular issue,
specimens, shields, full or partial sheets, errors, and Spinner material.
U. S. ENCASED POSTAGE: buying all encased postage, in any condition, rare or common.
U. S. MILITARY PAYMENT CERTIFICATES: buying late series (611 - 692) in new condition, early series
(461 - 591) in XF or better. Replacements in any condition.
U. S. LARGE SIZE CURRENCY: all better grades wanted. I will pay premium prices for quality material, XF
or better. Processed, doctored, or pressed material will be returned.
HAWAII and NORTH AFRICA: all AU to gem notes wanted ...
Please write or ship with price desired, or, I will make an offer commensurate with the quality, scarcity, and
current market value of the material. Please include your phone number with any material sent, for an
immediate reply. Under $400 ship insured/first class, over $400 ship registered for full estimated value.
ANA SPMC PMCM IBNS CSNA NASC
TOM KNEBL, INC.
BOX 5043
SANTA ANA, CA 92704
(714) 751-6608L.M.
SOLI ET l'
or
PAPER \IONE) .
COI.I.ECTORS
INC .
Original turn of the Century full color embossed cigar
box label. Beautifully double matted in 8"x10"
frame with non glare glass.
ONLY $15.00 postpaid
Your choice of Gold or Silver finish frame and 2 tone
Blue, Light Green or Brown Mate.
Please Specify
SATISFACTION GUARANTEED
CHARLES T. ROGERS
C.T. Coins
P.O. Box 66531, Los Angeles, CA 90066
Page 254
Whole No. 88
BANKNOTES ARE
OUR BUSINESS
IF YOU ARE SELLING:
We are seriously interested in acquiring large
size and scarcer small size United States paper
money. We are interested in single items as well
as extensive collections. We are especially in
need of national bank notes and we also buy
foreign paper money. If you have a collection
which includes both paper money and coins, it
may prove in your best financial interest to
obtain a separate hid from us on your paper
money as we deal exclusively and full time in
paper money. We will fly to purchase if your
holdings warrant.
IF YOU ARE BUYING:
We issue periodic extensive lists of U.S. paper
money, both large size, small size and
fractional. Our next list is yours for the asking.
The VAULT
Frank A. Nowak SPMC 833
P. 0. Box 2283 Prescott, Ariz. 86302
Phone (602) 445-2930
Member of ANA, PMCM, CPMS
SELL HARRY
YOUR MISTAKES
Harry wants to buy
Currency Errors
Also Interested in Buying
Nationals ... Large and Small size
Uncut Sheets
Red Seals
Type Notes
Unusual Serial numbers
HARRY E. JONES
PO Box 30369
Cleveland, Ohio 44130
216-884-0701
LARGE SIZE
U.S. PAPER MONEY
MUST BE
CRISP UNCIRCULATED
OR RARE
TOP PRICES PAID
WANTED
ALSO BUYING:
NATIONALS, OBSOLETE
CONFEDERATE AND
COLONIAL PAPER MONEY
PLUS COIN COLLECTIONS
AND ACCUMULATIONS
CALL, WRITE OR SHIP TODAY
WANT LISTS SOLICITED
STEVE MICHAELS
P.O. Box 27, Maple Glen, PA 19002
(215) 628-2925 ANA
(91) SPMC
**WANTED NEW JERSEY**
Large & Small National Bank Notes
Please write with description and price
Please include: Charter #
Denomination
Friedberg or Donlon #
Condition
Robert W. Hearn,
P. 0. Box 233, Hackensack, N. J. 07602
SPMC 4132 Phone Evenings (201) 488-2138
Paper Money Page 255
DEPRESSION SCRIP
1.00 - Sedalia, Mo. 1933, X.F. $10.00
1.00 - San Francisco Cl. House, 1907, V.G. 800
5.00 - San Francisco Cl. House, 1907, A.0 14.00
10.00 - San Francisco Cl. House, 1907. AI' 14.00
10 ^0 - Atlanta, Ga. 1936. Unc. 10.00
1.00 & t.00 - Gastonia, N. C. 1933, Unc 800
254, 504, 1.00, 5.00 - Guilford County, N. C.,
Issue of April 14, 1933. V.F.-Unc 12.00
254, 504, 1.00, 5.00 - Guilford County, N. C.,
Issue of Aug. 31, 1933. V.F.-Unc. 12.00
1.00 - Hamtramck, Mich. Series B. Unc. 400
5.00, 10.00 - Hamtramck, Mich. Series A XF-Unc. 10.00
1.00, 5.00, 10.00 - Hamtramck, Mich. F.-Unc. (C) 10.00
1.00, 5.00, 10.00 - Hamtramck, Mich. Unc. (D) 12.00
501, 1.00 - Holland, Mich. 1933. Unc. 800
1.00, 5.00, 10.00 - Lincoln Park, Mich. 1934. Unc 12.00
5.00, 10.00 - Mecosta, Mich. 1933. Unc. 500
254 - Clarinda, Iowa. 1933. F 400
54, 254, 504, 1.00 - Hepner, Ore. V.G.-F' -.`" 1 12.00
1.00 - Springfield, Ill. 1933. F 750
5.00, 10.00, 15.00, 25.00, 50.00 - Lodi, N. J., 1936. Unc 700
1.00 - Mason City, Iowa. 1933. V.G 700
250, 54, 104 - Cleveland Work Soc. 1933. Unc. 15.00
1.00, 254, 504 - Silverton, Ore. 1933. X.F.-Unc. 12.00
1.00 - Okmulgee, Okla. 1933. F 500
1.00 - Fostoria Corp., Oho. X.F 100
Send your want list for colonial, obsolete, National, foreign notes.
Also want to buy or trade.
RICHARD T. HOOBER ANA 5302
P. 0. Box 196 Newfoundland, Penna. 18445
FLORIDA NOTES
WANTED
ALL SERIES
A lso
A Good Stock
Of Notes
Available
P.O. BOX 1358 WARREN HENDERSON VENICE, FLA. 33595
WANTED
OBSOLETE PAPER MONEY
foraAteiftio,04; 1113,1;- '
(Bank Notes, Script, Warrants, Drafts)
of the AMERICAN WEST
Oregon, California, Idaho, Nevada,
Arizona, Utah, Montana, 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 West-
ern rarities for advantageous trade.
JOHN J. FORD, JR.
P.O. DRAWER 706, ROCKVILLE CENTRE. N.Y. 11571
NATIONALS WANTED
Large & Small
PENNSYLVANIA—Susquehanna County
Forest City
Hallstead
Hop Bottom
Le Rays Ville
Montrose
New Milford
Nicholson
Susquehanna
Springville
NEW YORK—Broome County
Afton Owego
Binghamton Sidney
Bainbridge Unadilla
Deposit
Walton
Hancock
Windsor
Also buying Military Payment Certificates; New York &
Pennsylvania Obsolete & scrip; stocks, checks,
postcards.
C. ROY HALL
4 Second Ave. Susquehanna, PA 18847
Phone evenings 717-853-3256
ANA SPMC PMCM
BROKEN BANK NOTES
Ala. $3 Deposit Bank, Mobile, 1862, GD $25.00
Ark. $1 Cincinnati Slate Co., L.R., 1854, GD 20.00
Cal. $1 F. Pyat, 424 Kearney, S.V., VF 275.00
Can. $1 Jewett & Pitcher, St. John, N.B., 1873, GD 30.00
Del. $2 Bank of Milford, Milford, 1853, VG 30.00
D.C. $3 Mechanics Bank, Georgetown, 1852, GD 35.00
Fla. $5 Bank of Magnolia, Magnolia, 1833, EF 75.00
Ga. $100 Bank of Commerce, Savannah, 1856, F 35.00
Ill. 15e Stephenson County Bank, Freeport, --, EF 35.00
Ind. $2 Hartford Exchange, Hartford, 185-, VG 40.00
Kan. $1 Union Military Scrip, Topeka, 1867, F 60.00
Ky. $3 Bank of Kentucky, 1853, F 32.50
La. $100 Munic. No. One, City N.O. C496, 1842, F+ 50.00
La. 50 Corp. Plaquemine, Confed. Notes, 1862, F 40.00
Me. $2 Ship Builders Bank, Rockland, 1853, VF 20.00
Mass. $5 Greenfield, Surch: Counterfeit, 1860, F 25.00
Mich. $2 Gov't. Stock Bank, Ann Arbor, 1854, VG+ 30.00
Miss. 510 Real Estate Banking Co., Decatur, 1839, VG 30.00
Nei. $1, 5, 10, 20 Manhattan Silver Mining (4), 187-, UNC. 65.00
N.H. $2 Hillsborough Bank, Amherst, 1856, g+ 35.00
N.Y. $100 Plantation Bank, N.Y.C., --, VF 35.00
R.I. $50 Warwick Bank, signed twice, 1858, EF 40.00
S.C. $1 State of South Carolina, 1872, UNC 15.00
Tenn. $3 Bank East Term. (not E83), 1855, VG 25.00
Tex. $25 AW3 City Austin, rarity 9, 1841, EF 65.00
Utah 8 cliff. Bishops Gen. Store, issued, 89-98, Circ. 150.00
Va. $20 Exchange Bank, Norfolk, E661, 1862, UNC 40.00
Va. $50 Bank Howardsville, H422, 1861, F 35.00
W. Va. $5-10 Bank Philippi, each: 1861, VG 35.00
Price Lists: Send 15c SASE and specify your interest — Broken
Bank, Confederate, U. S. Fractional, Depression Scrip
Postage, $1.00; orders over $50.00 postpaid.
DON EMBURY
SPMC 3791
P. O. Box 61
Wilmington, CA 90748
Page 256
Whole No. 88
Priv Yerfiep
National Bank Currency
Zal alures
I am interested in small & large size Nationals for my
personal collection from the following towns in Bergen
County & will pay the highest prices to get them:
Allendale Fort Lee
Bergenfield Garfield
Bogota Glen Rock
Carlstadt Hackensack
Cliffside Park Hillsdale
Closter Leonia
Dumont Little Ferry
Engelwood Lodi
Edgewater Lyndhurst
Fairview North Arlington
Palaisades Park
Ridgefield Park
Ridgewood
Rutherford
Ramsey
Tenafly
Westwood
Wyckoff
West Englewood
&Wan Coin excijange fine.
ANA LM 709
PH. 201 3428170
74 Anderson Street Hackensack, N.J. 07601
MINNESOTA NATIONALS WANTED
For My Private Collection
9131—Deer River
7292—Mora
11761—Barnum
11581—Pine City
11552—Good Thunder
10903—Kewatin (small only)
10718—Baudette
M-7603—Goodhue
13692-2—Park Rapids
13713—Cannon Falls
M-6364—Truman
10665—Ada
6532—Jasper
4509—Lake Benton
Need many-many more.
Have other states to trade if desired
Will answer all letters
Marco Biondich
411 Indiana Ave., Box 34, Gilbert, MN 55741
Phone 1-218-749-4176
=
CHARLES E. STRAUB
P.O. BOX 200
COLUMBIA, CT 06237
Paper Money Page 257
FOR SALE CURRENCY FOR SALE
U.S.A.
LARGE & SMALL SIZE CURRENCY
INCLUDING:
NATIONAL CURRENCY
OBSOLETE CURRENCY
RADAR &
FANCY SERIAL NUMBER NOTES
"ERROR" NOTES
& OTHER TYPES
LARGE MAIL LISTING AVAILABLE FOR
A LARGE-SIZE, SELF-ADDRESSED
STAMPED ENVELOPE.
10-DAY RETURN PRIVILEGE.
YOUR SATISFACTION
GUARANTEED
ROBERT A. CONDO
P.O. BOX 985, VENICE, FL 33595
4514 North 30th Street
44-42.,S .
"Pronto Service"
Phone 402-451-4766 Omaha, Nebraska 68111
MEMBER: ANA Life #110-ANS-PNG-SCPN-SPMC-IAPN, Others.
Page 258
Whole No. 88
WORLD WAR II UNCUT SHEETS
1935—A $1.00 HAWAII. GEM CRISP NEW UNCUT SHEET (12). Julian/Morgenthau. Brown Seal and Serial Nos. with HAWAII Overprint on Face and
Back. While Twenty-five Sheets were issued (in 1942), only Sixteen were Recorded in O'Donnell's 6th Ed. "The Standard Handbook of Modern
United States Paper Money". (For a GEM Uncut Sheet we will Pay $4,200.00). We Offer this Great Historical Sheet (Just the One Sheet in stock) for $5,695.00
1935-A $1.00 NORTH AFRICA AND EUROPEAN INVASION. GEM CRISP NEW UNCUT SHEET (12). Julian/Morgenthau. Yellow Seal and Blue Serial
Nos.. Just Twenty-five Sheets were issued (in 1942 at the request of the War Department) only Twelve Sheets are Recorded as known to Exist in Donlon's 6th
Edition. (For a Similar Gem Uncut Sheet as this one we Offer, we will Pay $4,500.00). Price for this Great Historical Sheet—Just this one Sheet available, at 6,895.00
SPECIAL - For the Two Sheets $11,500.00
WANTED BUYING WANTED
GEM UNCUT SHEETS OF TWELVE
We are Paying TOP-IMMEDIATE CASH for the following PERFECT CRISP NEW UNCUT SHEETS — Please Ship VIA REGISTERED
MAIL for our FAST CHECK:
SILVER CERTIFICATES
1928 $1 GEM Sheet - Pay $2,250.0d
1928-C $1 GEM Sheet - Pay 16,000.001
1928-E $1 GEM Sheet - Pay 18,000.00'
1934 $1 GEM Sheet - Pay 2,600.00
LEGAL TENDER SHEETS
1928 $1 Woods/Woodin, Red Seal, For a GEM Sheet we'll pay 9,000.00
GEM UNCUT SHEETS OF EIGHTEEN
SILVER CERTIFICATES
1935-D $1 GEWM Sheet - Pay 1,600.00
1935-E $1 GEM Sheet - Pay 1,500.00
1953 $5 GEM Sheet - Pay 2,700.00
1953 $10 GEM Sheet - Pay 3,600.00
LEGAL TENDER SHEETS
1953 $2 GEM Sheet - Pay 2,300.00
1953 $5 GEM Sheet - Pay 2,600.00
We are also Paying ABSOLUTELY HIGHEST CASH PRICES For Following Items:
UNCUT SHEETS OF FOUR — Legal Tender, Silver Certificates, Coin/Treasury; All National Banks - First, Second, 3rd Charters. Please Describe fully.
SCARCE/RARE SINGLE NOTES — All Series $1 to $1,000.00 TYPES, TERRITORIALS — Alaska, Idaho, Wyoming + All others; NATIONALS — First Charters,
Fine/Crisp New; 2nd Charters - VF to Crisp New (Especially Want $5 Brown Backs from all Fifty States VF or Better) 3rd Charters - VG (IF Rare) to Crisp New. Please
Describe fully, with Offer.
GOLD CERTIFICATES - Large Size (VF to Cr. NEW) - Small Size (Cr. NEW only).
NORTH AFRICA - Cr. NEW Well Cent'd. $1 ($26) + $5 ($42) + $10 ($37).
MAJOR ERRORS - Two Denomination Notes; Other Outstanding Errors. Send Xerox Copy With Offer or Inquiry.
GIVE US A TRY - A Pleasant Quick - Cash Deal Awaits you at Bebee's, Leading Paper Money Specialists Since 1941.
FLASH - Criswell's NEW 2nd Ed. "Confederate & Southern States Bonds." (Your name Imprinted in GOLD at no Charge, if desired) Ppd. $24.95
Please add $2 (over $400 add $4). Nebraska Residents add Sales Tax. 100% Satisfaction Guaranteed. For Immediate Shiprnent send Money Order or Cashier's Check
(Personal Checks acceptable but it takes 15 to 20 Banking Days for Checks to Clear our Bank.
Be Sure to Attend the BIG Memphis Show and Stop by our Booth for a Visit.
WE ARE BUYING:
Texas Currency, Obsoletes and
Nationals, Western States Obso-
letes and Nationals, U.S. and
Foreign Coins. We will travel to you
to examine your holdings, Profes-
sional Appraisals, or as Expert
Witness.
It pays to
look closely.
You know that it
pays to look closely
when collecting. It
does when you are
thinking of selling,
too. Since you
collected with such
care, we know you
want to be equally as
careful when selling. At
Medlar's, we take pride in
the fact that we've been
buying and selling currency
for over 25 years. So, we
feel we must be doing
something right for our
many friends and
customers.
Member of SPMC, ANA, PNG, NLG, CPN
220 ALAMO PLAZA
SAN ANTONIO, TEXAS 78205
(512) 226-2311
BOOKS
THE DESCRIPTIVE REGISTER OF GENUINE BANK NOTES by Gwynne & Day 1862.
168 pp Cloth bound. 1977 reprint by Pennell Publishing Co. $15.00 postpaid.
This book contains descriptions of over 10,000 genuine bank notes from 31 states and terri-
tories plus 24 Canadian banks. It also identifies notes known to have been counterfeited. The
names and locations of over 800 closed banks are included in the supplements. It is believed
that this book was the basis of the famous Wismer Lists published by the ANA 50 years ago. A
must for collectors and researchers of obsolete notes. We bound 10 copies in genuine leather
and interleaved them with plain pages (for your own notes) and offer them subject to prior sale
for $60.00 each.
HODGES' AMERICAN BANK NOTE SAFE-GUARD by Edward M. Hodges 1865. 350 pp
Cloth bound. 1977 reprint by Pennell Publishing Co. $19.50 postpaid.
"Hodges' " as this book is known, contains descriptions of over 10,000 genuine notes from 30
states, 19 Canadian banks, and the United States notes issued prior to 1865. This 1865 edition
was copyrighted in 1864 and at this time the United States was at war with the Confederate
States. As a result the listing for six Southern states was not included because they were not a
part of the United States. Louisiana was included as in 1864 it was occupied by Union troops
under the infamous General Butler. West Virginia was added to this edition as it seceded from
Virginia and join the Union in 1863. We have added a section from the 1863 edition
(copyrighted in 1862) containing the six states deleted from the 1865 edition making this
reprint the most comprehensive Hodges' ever printed. The format used consists of three rows
of ten notes listed in rectangles on each page. To quote from E.M. Hodges "The SAFEGUARD
is almost indispensable." Collectors will agree with him. We bound 10 copies in genuine leather
and interleaved them with plain paper (for your own notes) and offer them subject to prior sale
for $75.00 each.
THE BANK OF THE STATE OF SOUTH CAROLINA by Dr. F. Mauldin Lesesne 1970. 221
pp Hand bound. University of South Carolina Press $14.95 postpaid.
The South had many colorful banks prior to the Civil War, but few could compare with the
Bank of the State of South Carolina. From its charter in 1812 until 1881 when its history ended,
it was colorful, controversial, and redeemed its issued notes. The "faith and credit" of the State
of South Carolina was pledged to back this bank. Dr. Lesesne's account of this bank is
interesting reading to both collector of paper money and historical students. Few banks have
such detailed accounts of their life as the Bank of the State of South Carolina. The book is
annotated and has a wonderful bibliography. If you only read one bank history, and should
read this one as it will interest both South Carolinians and non-Carolinians alike. It is just an
excellent story of a very important bank.
PENNELL PUBLISHING COMPANY
P.O. Drawer 858
Anderson, South Carolina 29622
*S.C. residents add 4% S.C. sales tax.