Paper Money - Vol. XL, No. 4 - Whole No. 214 - July - August 2001

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.*** AP' -.** • .4**4 * '4113 ■•••■••■••■■ •■■■■■•••■■•■••.. - *4; fY DOLL ACk S tity, .,.....ilashic,..: , _ ...ote _Afiresr- INSIDE THIS ISSUE: A Confederate Mystery Finally Solved ( 1 HP' 41Cv1\ /. Fa" :rea /_-.-Confecl-ahletStRt -crae es -(2"1/0 6, 4 3 0 — c earingEight p pElq A©AEY Official Journal of the Society of Paper Money Collectors VOL. XL, No. 4 WHOLE NO. 214 JULY/AUGUST 2001 Ii I ; If.3. ,----- - I ,, t .-, ellflififir" *1 ;----- =-- - j,,,, 54) f; /13. I TifIg STATE OF FLORIDA DOLLARS. 7■7."::777-1L(RIIIIC /7 A.," '0104.1■711)11. '‘"0130N1■1014., 'Fr vtirrokry t N IN GOLD COIN ... What's The Best Way To Sell Your Paper Money Collection? The best way to sell your collection is to consign it to someone you trust. Your currency collection probably took years to acquire. Each purchase was thoughtfully considered, each note carefully stored, and handled with respect. The sale of your collec- tion should be accomplished in the same manner. Carefully, and thoughtfully. At Smythe, we care about our consignors, our bidders, and our staff members. We don't misgrade your lots, or sell them long after midnight, or during convention hours. We strongly support the show organizers and local clubs that work hard to make paper money shows successful, and we are proud that we have consistently been selected as one of the Official Auctioneers of the Memphis International Paper Money Show. We illustrate every major note, using boxes or color where appropriate. Each note is carefully graded and researched by our nationally-recognized, full-time paper money experts. Our rates are flexible and highly competitive. There are no lot charges, photo charges or minimum charges on Federal Currency. If you are thinking of selling, take advantage of the strongest currency market we have seen in years, and take this opportunity to showcase your better single items, or your entire collection, in the next R. M. Smythe auction. 2001 Auction Schedule • January 18-21, 2001 14th Annual Strasburg Stock & Bond Show & Auction, Strasburg, PA. • February, 2001 Stock & Bond Mail Bid Only Auction, New York, NY • March 1-2 , 2 001 Chicago Paper Money Expo & Auction, Chicago, IL • May, 2001 Autographs & Coins Auction New York, NY. • June, 2001 Memphis International Paper Money Show & Auction, Memphis, TN To Consign, please call Stephen Goldsmith at 800-622-1880. To Subscribe: Only subscribers can be fully assured of receiving our fully-illustrated thoroughly-researched catalogues. Do you need to check on the status of your subscription? Call Marie Alberti at 800-622-1880 or 212-943-1880. A one year subscription to all RMS catalogues is $87.50 ($125 overseas). Other subscription plans are available. Call today for further information. See Us At Close To 40 Shows This Year! We will be planning to attend almost every major numismatic show, represented by Stephen Goldsmith, Douglas Ball, Kevin Foley, or Martin Gengerke. If necessary, we will travel to see your collection. Call 800-622-1880 for further information. Stephen uolasmfin v-444 -104,0404. MEMBER 26 Broadway, Suite 271, New York, NY 10004 • www.rm-smythe.com © Society of Paper Money Collectors, Inc., 2001. All rights reserved. Reproduction of any article, in whole or in part, without express written permis- sion, is prohibited. Individual copies of this issue of PAPER MONEY are available from the Secretary for $4 postpaid. Send changes of address, inquiries concerning non-delivery, and requests for additional copies of this issue to the Secretary. MANUSCRIPTS Manuscripts not under consideration elsewhere and publications for review should be sent to the Editor. Accepted manuscripts will be published as soon as possible; however, publication in a specif- ic issue cannot be guaranteed. Include an SASE for acknowledgment, if desired. Opinions expressed by authors do not necessarily reflect those of the SPMC. Manuscripts should be typed (one side of paper only), double-spaced with at least 1-inch margins. The author's name, address and telephone number should appear on the first page. Authors should retain a copy for their records. Authors are encour- aged to submit a copy on a 3 1/2-inch MAC disk, identified with the name and version of software used. A double-spaced printout must accompany the disk. Authors may also transmit articles via e- mail to the Editor at the SPMC web site (fred@spmc.org). Original illustrations are pre- ferred. Scans should be grayscale at 300 dpi. Jpegs are preferred. Inquire about other formats. ADVERTISING • All advertising copy and correspondence should be sent to the Editor • All advertising is payable in advance To keep rates at a minimum, all advertising must be prepaid according to the schedule below. In exceptional cases where special artwork or addi- tional production is required, the advertiser will he notified and billed accordingly. Rates are not com- missionable; proofs are not supplied. Advertising Deadline: Copy must be received by the Editor no later than the first day of the month preceding the cover date of the issue (for example, Feb. 1 for the March/April issue). With advance approval, camera-ready copy, or electronic ads in Quark Express on a MAC zip disk with fonts sup- plied, may be accepted up to 10 days later. ADVERTISING RATES Space 1 time 3 times 6 times Outside back cover $375 $990 $1800 Inside cover 315 825 1500 Full page 250 660 1200 Half page 125 330 600 Quarter page 65 165 300 Eighth page 35 85 150 Requirements: Full page, 42 x 57 picas; half-page may be either vertical or horizontal in tormat. Single-column width, 20 picas. Except covers, page position may be requested, but not guaran- teed. All screens should be 150 line or 300 dpi. Advertising copy shall be restricted to paper cur- rency, allied numismatic material, publications, and related accessories. The SPMC does not guar- antee advertisements, but accepts copy in good faith, reserving the right to reject objectionable material or edit copy. SPMC assumes no financial responsibility for typo- graphical errors in ads, but agrees to reprint that portion of an ad in which a typographical error occurs upon prompt notification. ON THE COVER A transitional note find apparently lays to rest the controversy sur- rounding the origin of the Female Riding Deer "Confederate" note. PAPER MONEY • July/August 2001 • Whole No. 214 233 TERMS AND CONDITIONS PAPER MONEY is published every other month beginning in January by the Society of Paper Money Collectors (SPMC). Second-class postage is paid at Dover, DE 19901. Postmaster send address changes to Secretary Fred L. Reed III, P.O. Box 793941, Dallas, TX 75379-3941. pa er money Official Bimonthly Publication of The Society of Paper Money Collectors, Inc. Vol. XL, No. 4 Whole No. 214 JULY/AUGUST 2001 ISSN 0031-1162 FRED L. REED III, Editor, P.O. Box 793941, Dallas, TX 75379 Visit the SPMC web site: www.spmc.org IN THIS ISSUE FEATURES Is Sam Upham the Originator of the Female Riding Deer Note? 235 By George Tremmel New Jersey's Notes: Are These the Oldest & Newest Survivors? 241 By David D. Gladtelter Bank Happenings 248 Submitted by Bob Cochran Additions to A Catalog of SPMC Memorabilia 249 By Fred Reed Posted Poem Recites Seven Ages of a Banker 250 By Frank Clark Excerpts from the Diaries of James D. Smillie 254 By Gene Hessler A Singular Specimen: Emergency Currency of 1907 267 By Ron Horstman SOCIETY NEWS Information & Officers 234 Hey Buddy, Sell Your Foreign Notes in Paper Money 236 President's Column 246 By Frank Clark Money Mart 246 Comprehensive Paper Money Index For Sale 246 Collectors Wanted 250 Research Exchange 266 New Members 268, 270 Letter to the Editor 270 Editor's Notebook 270 Advertisers Index 271 SOCIETY OF PAPER MONEY COLLECTORS INC. J;17.011\019—C'12. 234 July/August 2001 • Whole No. 214 • PAPER MONEY Society of Paper Money Collectors The Society of Paper Money Collectors (SPMC) was orga- nized in 1961 and incorporated in 1964 as a non-profit organiza- tion under the laws of the District of Columbia. It is affiliat- ed with the American Numismatic Association. The annual SPMC meeting is held in June at the Memphis IPMS (International Paper Money Show). Up-to-date information about the SPMC and its activities can be found on its Internet web site www.spmc.org . MEMBERSHIP—REGULAR and LIFE. Applicants must be at least 18 years of age and of good moral character. Members of the ANA or other recognized numismatic societies are eligible for member- ship; other applicants should be sponsored by an SPMC member or provide suitable references. MEMBERSHIP—JUNIOR. Applicants for Junior membership must be from 12 to 18 years of age and of good moral character. Their application must be signed by a parent or guardian. Junior mem- bership numbers will be preceded by the letter "j," which will be removed upon notification to the Secretary that the member has reached 18 years of age. Junior members are not eligible to hold office or vote. DUES—Annual dues are $24. Members in Canada and Mexico should add $5 to cover postage; members throughout the rest of the world add $10. Life membership—payable in installments within one year is $500, $600 for Canada and Mexico, and $700 elsewhere. Members who join the Society prior to October 1 receive the magazines already issued in the year in which they join. Members who join after October 1 will have their dues paid through December of the following year; they also receive, as a bonus, a copy of the magazine issued in November of the year in which they joined. Dues renewals appear in the Sept/Oct Paper Money. All checks should be sent to the Society Secretary. OFFICERS ELECTED OFFICERS: PRESIDENT Frank Clark, P.O. Box 117060, Carrollton, TX 75011-7060 VICE-PRESIDENT Wendell A. Wolka, P.O. Box 569, Dublin, OH 43017 SECRETARY Fred L. Reed III, P.O. Box 793941, Dallas, TX 75379-3941 TREASURER Mark Anderson, 335 Court St., Suite 149, Brooklyn, NY 11231 BOARD OF GOVERNORS: Benny J. Bolin, 5510 Bolin Rd., Allen, TX 75002 C. John Ferreri, P.O. Box 33, Storrs, CT 06268 Gene Hessler, P.O. Box 31144, Cincinnati, OH 45231 Ronald L. Horstman, 5010 Timber Ln., Gerald, MO 63037 Arri "AJ" Jacob, P.O. Box 1649, Minden, NV 89423-1649 Judith Murphy, P.O. Box 24056, Winston-Salem, NC 27114 Robert Schreiner, P.O. Box 2331, Chapel Hill, NC 27515- 2331 Steven K. Whitfield, 14092 W 115th St., Olathe, KS 66062 APPOINTEES: EDITOR Fred L. Reed III, P.O. Box 793941, Dallas, TX 75379-3941 CONTRIBUTING EDITOR Gene Hessler, P.O. Box 31144, Cincinnati, OH 45231 ADVERTISING MANAGER Robert Schreiner, P.O. Box 2331, Chapel Hill, NC 27515-2331 LEGAL COUNSEL Robert J. Galiette, 3 Teal Ln., Essex, CT 06426 LIBRARIAN Richard J. Balbaton, P.O. Box 911, North Attleboro, MA 02761 MEMBERSHIP DIRECTOR Frank Clark, P.O. Box 117060, Carrollton, TX 75011-7060 PAST PRESIDENT Bob Cochran, P.O. Box 1085, Florissant, MO 63031 1929 NATIONALS PROJECT COORDINATOR David B. Hollander, 406 Vicluta PI, Huntsville, AL 35801-1059 WISMER BOOK PROJECT COORDINATOR Steven K. Whitfield, 14092 W. 115th St., Olathe, KS 66062 BUYING AND SELLING CSA and Obsolete Notes CSA Bonds, Stocks & Financial Items 60-Page Catalog for $5.00 Refundable with Order ANA-LM SCNA PCDA CHARTER MBR HUGH SHULL P.O. Box 761, Camden, SC 29020 (803) 432-8500 FAX (803) 432-9958 SPMC LM 6 BRNA FUN PAPER MONEY • July/August 2001 • Whole No. 214 235 Is Sam Upha the Originator of the Female Riding Deer Note? BY GEORGE B. TREMMEL F OR MANY COLLECTORS OF CONFEDERATE PAPERmoney, the question of who originated the famous Female Riding, Deer note (FRD) has provided years of speculation and study.Theories come and go, but a conclusive answer has been elusive. Part 1 of this article seeks to answer the above question from the perspective of what is known about Sam Upham, and whether that information can lead to a conclusion. In Part 2, the impact of a recent discovery on this question is examined from the per- spective of the FRD note itself. Part 1 As one might lay out a case in a court- room trial where only circumstantial evidence is available and weight of the evidence is the test, can a case be made that points to Sam Upham? The Female Riding Deer Note Of the three known contemporaneous Confederate bogus notes, the most famous is the so-called Female Riding Deer note. While a bogus or "fantasy" note, never issued by the Confederate Treasury, the FRD note circulated dur- ing the war and was thought a genuine issue well into the twentieth century. (The note in question does not include postwar copies of the FRD note created for collectors in the early 1900s.) The central vignette depicts "a female riding a deer," but actually is the Roman goddess Diana. This vignette, as well as the Indian and tobacco barrel vignette, on the note's lower left, were stock vignettes common to many prewar printers in places like Virginia, Tennessee, Louisiana and even Nebraska. Samuel C. Upham, of Philadelphia The noted Confederate currency counterfeiter, during the Civil War years of 1862-1863, Sam Upham was much more than a shopkeeper as he often is portrayed today. He was an adventurer, accountant, businessman, writer, poet, and most importantly, a newspaperman. As a young man, he served in the U.S. Navy, raising to master's mate rating. In 1849, he traveled to San Francisco, on the brig Osceola, by way of Cape Horn. After a try at gold min- ing, he started up and successfully ran the first newspaper published in California outside San Francisco, the Sacramento Transcript. Upon his return to Philadelphia, he started the Philadelphia Mercury in early 1851. Sam was aggressively entrepreneurial. After selling his newspaper in 1854, he developed and sold patent medicines, hair dyes and perfumes. He even designed and patented the bottles that they came in. In addition to selling his facsimile Confederate money and postage stamps, during the war Sam designed, printed and sold a large variety of patriotic envelopes to complement July/August 2001 • Whole No. 214 • PAPER MONEY236 r Hey, Muddy, Mot everybody made it to 11111eniphis So sell your foreign notes in Paper Money's 1st International &Nue* Sept/Oct 2001 3 Fact: Hundreds of Paper Money readers collect foreign items primarily 3 Fact: Hundreds more Paper Money readers collect specialized foreign material 3 Fact: Hundreds more Paper Money readers do not collect foreign material YET Do business with Paper Money-hungry buyers • Sell your foreign notes to all 3 groups 3 It's True: Paper Money readers are avid collectors 3 It's True: Paper Money readers are well-heeled 3 It's True: Paper Money readers want to buy your worldwide material So get with the program • Sell your foreign notes in Paper Money's special issue Don't miss out!!! Our ad rates are low!!! Our readers buy!!! *Don't delay. Ad Deadline is July 15th (Space subject to availability) Hey Buddy, we have the buyers YOU want, so... Contact us immediately or Fred Reed Editor PO Box 793941 L Dallas, TX 75379 Bob Schreiner Advertising Manager PO Box 2331 Chapel Hill, NC 27515 eeeivablo in patnnent °rail r trA•e roe: fl yrs Rutdablo ink Confederate States ----StoekbearingEiglit3er Cent inleryst AA,V. /b4moilaW, fr Al?..OLSTF,1? NOI•Ie 44197517C RICTIMOY.D. lren PAPER MONEY • July/August 2001 • Whole No. 214 237 his stationery business. He had a working knowledge of printing and newspa- pers and was well known in the Philadelphia newspaper community. In 1879, Sam published the tale of his California journey, Notes of a Voyage to California via Cape Horn, together with Scenes in El Dorado in 1849-'50, which was well received especially by the early California pioneer families and their supporters in the East, "the returned Californians." He also wrote an article, "Pioneer Journalism in California," which attracted the favorable attention of the press of the time. Opportunity, Means and Motive After noticing how quickly the February 24, 1862, issue of the Philadelphia Inquirer sold out, Sam discovered that the front page depicted a piece of Confederate currency. It seemed everyone wanted a Rebel "souvenir" -- here was an opportunity. Eager to capitalize on the new fad, he quickly pro- duced two souvenir copies. Sam's copies came from electrotype plates he obtained from his contacts at the Philadelphia Inquirer and, shortly after, from Leslie's Weekly magazine of New York (Criswell numbers CT-31/245B and CT-10/38B). Wanting to expand on the new fad to own a piece of "Rebel Money," he sought additional examples of CSA and southern states notes to replicate. He even offered to pay a premium over face value in gold for new examples of Southern currency. In his book, Confederate States Paper Money, researcher and author, Arlie Slabaugh presents an extensive list of notes that bear the FRD central vignette. We know, therefore, that the vignettes were available, both North and South, either directly as printer's cuts or indirectly as images on other notes. Given Sam's experience and contacts in the printing and newspaper businesses, the necessary FRD note components (vignettes, banners, denomination medal- lions) and the processes necessary to compose and produce this new design were readily available to him. In 1874, Sam claimed in his often quoted letter to early Confederate note collector and cataloger Dr. William Lee, that "none of the designs of the notes were original with me." Could this disclaimer imply that Sam did not originate the FRD note design? Perhaps, but another interpretation of that statement, and one more likely, is that he meant none of the note vignettes were original with him. Remember, at this time Sam was designing the vignettes that were printed on his patriotic envelopes. So, he probably was referring to the vignette designs, rather than the notes themselves, as not being his creations, which was true. With opportunity and means at hand, what motivated Sam to create a new note, in addition to copying genuine Confederate notes? The answer, simply, is that while waiting for new genuine material to copy, as a result of his Figure 1. Image of Confederate note as depicted in January 11, 1862, issue of Leslie's Weekly magazine. Recolvallo in 'mum ont of all &leo ame export dyes PandaIle 1 Confederate States 07- per Cent interest TENS DO L LARS lUrkinen,a1 t, 7-e-J ILSGISTEBIVOYERALIZDIV177 RICHNOX.P yd. AWN, AC.311111. OA II,. AMA WitOtillAll AMC 1111114■1.., AA 3. 3.11,11A31, Ott 33337A. SIAM /211.3341,11111. 238 July/August 2001 • Whole No. 214 • PAPER MONEY offer to pay gold, Sam became impatient. He realized that if he could produce the trendy souvenirs, then others could too. His entrepreneurial drive led him to create a new souvenir to fill a temporary gap in the production cycle. The last thing Sam wanted was to see the fad cool too quickly or to miss a potential sale for lack of a new product to sell. Interestingly, Sam employed a number of sound business practices stil valid today. The keys to his success included good knowledge of his market Figure 2. CT 10/38B, Upham facsimile note from Leslie's Weekly plate. effective use of advertising, product variety, and rapid production and distribu- tion. When the demand for Confederate "souvenirs" started cooling in late summer of 1863, Sam ended his facsimile note enterprise and moved on to other opportunities. An Answer On the basis of the circumstantial evidence above and supported by the principle of Occam's Razor -- a principle of logic that says the simplest explana- tion of a fact is probably the most correct -- there is a likely conclusion. Sam Upham not only sold the Female Riding Deer note with his imprint, he was also its originator. Part 2 The Missing Link Over the years, hard evidence that could support the case against Sam Upham at the more rigorous test of "guilt," beyond a reasonable doubt, has remained hidden. Now this has changed. Returning to the 1998 edition of Confederate States Paper Money, Arlie Slabaugh tantalizingly describes the existence of a "missing link" he once saw years ago. As Mr. Slabaugh describes this note in his book: "In the list of known Upham facsimiles is a note of the type of (Slabaugh) No. 9 ($10) but altered and overprinted in red for $20 using the same denomination counters as appears on the $20 Female Riding Deer note. In other words, a transitional design that shows the development of the Female Riding Deer note." In response to my query for more information about the "transitional" note, Mr. Slabaugh kindly replied on November 24, 1998: "I regret being unable to give you little information on the #9 transi- tional design. In checking back, I find that I first listed this in the fourth edition (1971) of my Confederate catalog, which means that I saw it some year between the third edition (1963) and the fourth. I do not personally own all of the listed Upham notes but have examined those I lack or have seen photocopies. "I have located a notebook in which I jotted down additions, but unfortunately I did not indicate the source and now can't recall. But I can tell you that the transitional note was seen in an exhibit of Upham notes at Pandalge Confederate Stateso "0 --Sto ckAearingEifittCTOAtt: tere6t 0011.0.AIK V07%,■$01.111.01,■"1.1 AI. Alf .11. O. 0 , U. CPI CIISPX11, to ."14.7, IMILA,[1,111.1 PAPER MONEY • July/August 2001 • Whole No. 214 239 a coin convention during those years, almost certainly a convention of the ANA or Central States which I attended most years. But the exhibit direc- tors were not inclined to give out information on ownership. Anyway, I didn't think it would matter a great deal as I anticipated seeing other exam- ples of this particular note but I never have. I'm not going so far as to say it is unique but it is pretty close to it, and may be an original example which never went into production. "Had it (#9) been produced in large numbers, it would have been a more normal looking design but perhaps it was decided that to use the "20" devices on a $10 note which was pretty well known, would give it away if intended to be used in circulation. So apparently the Female Riding Deer design was originated instead." New Prima Face Evidence Emerges On June 16, 2000, at the Memphis International Paper Money show, the "missing link" was rediscovered by noted collector, researcher and past SPMC president Austin Sheheen. Describing his elation at the discovery, Mr. Sheheen said, "I wasn't sure this note really existed, but I always kept looking for it." In mapping the transition or "design migration" from the Leslie's Weekly Figure 3. The discovery "Transitional image (Figure 1) and the CT-10 (Figure 2) to the FRD note, the illustrations Note." show that the "Transitional Note" (Figure 3) is virtually the same note as the FRD note (Figure 4) - the only exception being different central and lower left vignettes. The latter two notes have in common the following key features: • "A" serial letter • Banners, flourishes and text • Dash mark near "E" in "Confederate" • Same printed (6430) serial number • Dot after "6" in left serial number • Denomination medallions • Red "Twenty" overprint • Truncated "R" in "Richmond" • Same printed signatures • Upham imprint in bottom margin The FRD note appears to be the final note in a migration through which the "Transitional Note" was a prior step. Signs of the design migration from the CT-10 to the "Transitional Note" include the dropping of the printer's name and the removal of the scroll flourishes from the "N" in "No." before the serial numbers. Also different are the serial letters and the different printed serial number ("10,447" on the CT-10 versus "6430" or blank on the FRD note). These changes probably were made to create a "look" that appeared correct for known genuine Confederate notes, but a "look" different enough to be considered a new souvenir type. 6 l,;\ Functa-hle_./E • Confederate StakesO 6#30 -sgIch'analt Treasr •••••twil 00N•••• *MAMA" AND Mk, NT •.. ■■•••■• aN•IP. NV, rat,e•,. . Figure 4. XXX1 Al, the Female Riding Deer Note .ter Figure 5 (above). Vertical plate break, indicated by white arrow. Figure 6 (below). Dash at right of final E in CONFEDERATE, indicated by black arrow. 240 July/August 2001 • Whole No. 214 • PAPER MONEY While an understanding of the design transition is important, the linkage of each note to the other is equally important if we are to tie the FRD note's origin to Upham. This linkage is provided by several features of continuity. Note-to-note linkage is found between the CT-10 and the "Transitional Note" in the vertical plate breaks present on the right side of both vignettes. More importantly, two continuity features are found on all three notes. The first is obviously the Upham imprint in the bottom margin of all three notes. This is the key indicator of a common source. The other link is a telltale mark found on the CT-10 that, along with other differences, distinguishes it from the gen- uine T-10. This mark is the small dash at the right of the "E" in "Confederate" and is carried forward through the entire design migration. It first appeared on the Leslie's Weekly image and, subsequently, on all three Upham-imprinted notes: the CT-10, the "Transitional Note" and the FRD note. The significance of the existence of the "Transitional Note" is nothing less than prima facie evidence that Sam Upham was the FRD note's originator. When this new evidence is added to the circumstantial case presented in Part 1, the conclusion seems certain - Sam's the man. Sources: Criswell, Grover C. Comprehensive Catalog of Confederate Paper Money. Port Clinton, Ohio: BNR Press (1996). Criswell, Grover C. Confederate and Southern States Currency (4th Edition). Port Clinton, Ohio: BNR Press (1992). Hughes, Brent. The Saga of Sam Upham "Yankee Scoundrel." Inman, SC, Published by the Author, 1988. Hughes, Brent. "Notes of Confederacy Attracted Many Fakers," Bank Note Reporter, April, 1992. Hughes, Brent. "Yankee Upham Pricked the Southern Pride," Bank Note Reporter, December, 1995. Larkin, Robert S. "Upham's Facsimiles -- A Peek at Private Papers of CSA's 'Most Wanted' Man," Bank Note Reporter, November, 1988. Lee, W. M., MD. The Current) , of the Confederate States of America. Washington, D.C., Published by the Author (1875). Sheheen, Austin M., Jr. Telephone conversation with G. B. Tremmel. August 18, 2000. Slabaugh, Arlie R. Confederate States Paper Money (9th Edition). Iola, WI: Krause Publications (1998). Slabaugh, Arlie R. Letter to G. B. Tremmel. November 24, 1998. Upham, F. K. Upham Genealogy, Albany, NY, Joe Munsell's & Sons (1892). Upham, Samuel C. Notes of a Voyage to California via Cape Horn, together with Scenes in El Dorado in the Years 1849- '50. Philadelphia, PA: Published by the Author (1878). %:1- 4,5knzup,_23 x'(61110 i% 7.20 LdraaLdr7;14 _ ( a? ('i'f iie);17/1 (24. -ee7,-P•r.4; PAPER MONEY • July/August 2001 • Whole No. 214 ")41 Alpha & Omega: Are These the Oldest & Newest Survivors? Re. New Jersey's Obso BY DAVID D. GLADFELTER C AN ANY COLLECTOR OF OBSOLETE BANK NOTES identify the earliest surviving genuine note from his or her state? What about the latest? Few references exist from which to reliably ascertain such information. One has to examine various collections and inventories, go through catalogs, and ask around. Its admittedly a "seat- of-the-pants" approach, one that I've been doing for several years as I go around my own state, New Jersey. Now, for what its worth, here are my current candidates for New jersey's oldest and newest survivors. If anyone can beat these, even by a day, please make your finds known! Theoretically, the earliest possible date of issue of a New Jersey bank note would be February 18, 1804, the date on which the State Legislature chartered the Newark Banking & Insurance Company, the Garden State's first bank. Rockwood's history of this bank tells us that its board of directors entered into a contract with Peter Maverick, then working in New York City, to engrave plates for the first issue of demand notes. Maverick's signature appears on several of these notes. These demand notes were printed in sheets, in denominations of $1.00, etes $2.00, $3.00, $5.00, $10.00, $20.00, $50.00 and $100.00. A single subject plate was also prepared for non-denominated post notes. The printing of the sheets was probably done in the banking house from Maverick's plates under the supervision of a committee of the directors. Because this bank was financially strong and continued in existence through successor banks, most or all of the initial Maverick notes were redeemed over time. All are SENC (surviving example not confirmed) or Proof-only in Haxby. So until a new find turns up, we cannot look to NB&I as the source of New Jersey's oldest surviving genuine obsolete bank note. A small hoard of Proofs from the original plates was discovered after publication of Haxby, but knowledgeable students believe that these Proofs may have been produced at a later date, probably in the 1850s. Perhaps a half- dozen or so specimens exist of a contemporaneous counterfeit of the $3.00 denomination (Haxby NJ-370 C52), along with the plate from which they This Trenton Banking Co. post note is dated Nov. 20, 1806. Is it the oldest surviving regularly issued New Jersey obsolete note? Until an older one turns up, this is the author's candi- date. _ DAR; 11)017 riA 4-/i; '/%/7%% . /// '7//////////, JERSEY Guy, / Ca sh! _ l'r 242 July/August 2001 • Whole No. 214 • PAPER MONEY were printed (Smythe 168:1819, erroneously described as the genuine plate). New Jersey's second bank, also chartered in 1804, was the Trenton Banking Company, another strong and lasting banking institution. Meeting on February 28, 1805, its directors approved the engraving of five plates for printing of notes in denominations from $1.00 through $100.00 and for non- denominated post notes. The contract went to William Harrison, Jr., of Philadelphia. On Monday, April 29, 1805, the Trenton Banking Company opened for business, with $49,200 in notes of the $1.00, $3.00, $20.00, $50.00 and $100.00 denominations on hand to be put into circulation. While the bank retained in its archives unissued specimens of these notes, which are illustrated in a histoiy published in 1907, none of the genuine issued notes from 1805 are known to exist today, having been redeemed or lost. Dated Jan. 1, 1865, this Bank of Jersey City Progress Proof falls at the end of the state-chartered note issuing period in New Jersey. Nevertheless, it ante- dates by 17 months the author's can- didate for the state's newest regularly issued New Jersey obsolete note, which was circulated by the Mechanics Bank at Newark. The $3.00 example illustrated in Haxby as NJ-565 C72 is a counterfeit, as can be seen by comparing it with the illustration of the specimen. Harrison's post notes were probably issued on various dates after the opening day. At least one issued post note has survived (Wait 2445, not listed by Haxby), and is illustrated here. Signed by the bank's first president, the elderly Isaac Smith, former judge, Congressman and commander of a regiment in the American Revolution, and countersigned by cashier Pearson Hunt, it is dated November 20, 1806. Its $500.00 denomination was too high for conve- nient circulation, so the note was pen canceled upon redemption and was for- tunately saved. Its simple -- yet elegant -- design appears appropriate for a new institution in a young nation. New Jersey's third bank, the Bank of New-Brunswick, was not chartered until the end of 1807, so none of its notes nor those of any bank chartered thereafter would antedate the 1806-dated Trenton Banking Company post note. Over the following decades, security engraving matured into a sophisti- cated craft as one technique after another was introduced to deter counterfeit- ing. But the banks proliferated as did their notes, which often remained in cir- culation after the bank that issued them had closed. Even with the aid of bank note detectors, of which there were many, good notes could not always be dif- ferentiated from worthless ones. A well-regulated state banking system minimized this problem in New Jersey. Even so, the need became evident there as in other states for a less complicated, more reliable currency to replace that of the myriad state-char- tered banks and free banks. The national banking system created by the vigiutaiiit=01641aK'z,,,eTAIA,AVKANifIVTAVT,,,-- a.!:-h(.hyl, 6/ IA, 1011§111W404014-Vpm D70 9 9 zeracaz =razz r461441M00:0104 //////////7 SEItIC4$;4 ,-;:1) D70990 GOLD SRT1FICATE,, r51MCONf11.51( 11 I j .734.11.).TJ z ;las IAZ ,a,QE5s9C:Dagr ,/4e, // /17.4r41/1 N929443& wooktitimmanwm 1.1DID ^- ...... SUPERB UNITED STATES CURRENCY FOR SALE SEND FOR FREE PRICE LIST BOOKS FOR SALE COMPREHENSIVE CATALOG OF U.S. PAPER MONEY by Gene Hessler. 6th Edition. Hard cover. 579 pages. The new Edition. $32.00 plus $3.00 postage. Total price $35.00. THE ENGRAVERS LINE by Gene Hessler. Hard cover. A complete history of the artists and engravers who designed U.S. Paper Money. $75.50 plus $3.50 postage. Total price $79.00. NATIONAL BANK NOTES by Don Kelly. The new 3rd Edition. Hard cover. Over 600 pages. The new expanded edition. Gives amounts issued and what is still outstanding. Retail price is $100.00. Special price is $65.00 plus $4.00 postage. Total price $69.00. U.S. ESSAY, PROOF AND SPECIMEN NOTES by Gene Hessler. Hard cover. Unissued designs and pictures of original drawings. $14.00 plus $2.00 postage. Total price $16.00. Stanley Morycz P.O. BOX 355, DEPT. M • ENGLEWOOD, OH 45322 937-898-0114 0z • cra 0 • 0_ z 0 244 July/August 2001 • Whole No. 214 • PAPER MONEY National Bank Acts of 1863-1865 answered this need. The 10% tax imposed after July 1, 1866, on most of the notes placed into circulation by the state banks effectively ended state bank currency. Few issued notes are known from New Jersey banks with dates later than 1863. The rare $2.00 note of the Mechanics Bank at Newark, NJ-365 G12e, dated June 1, 1866, not illustrated in Haxby, has the latest engraved date of any listed New Jersey-issued obsolete. Second latest listed notes are those dated December 15, 1864, of the State Bank at Newark, Haxby NJ-385 G12a, G28a and G40a. The Bank of Jersey City $1.00 black plate Progress Proof illustrated here is dated January 1, 1865, and has the American Bank Note Co. imprint. It is similar to Haxby NJ-250 G2d, an issued note, which is dated July 1, 1863. The 1863 issued note has an orange frame and was itself a reissue of a note dated October 1, 1856, having the original imprint of Danforth, Wright & Co., one of the ABNCo precursors. On the Progress Proof, the only change from the G2d variety is the date. By 1865, the blacksmith-shop scene in the vignette was already becoming passe in urbanized Hudson County. It is not clear, in anticipation of the heavy 10% tax, why the bank's directors opted for the Progress Proof to be made. No Bank of Jersey City notes with the 1865 date are known to have been issued. Thus, I venture to say that the foregoing post note and the Mechanics Bank at Newark $2.00 note of 6/1/1866 presently qualify as the oldest and newest survivors of the several thousand varieties of obsolete notes turned out by the approximately 113 note-issuing chartered and free banks of New Jersey. The foregoing Progress Proof, when listed, will become the next-to- newest survivor. They mark the beginning and ending of a fascinating numis- matic era in the Garden State. Postscript: I have it on good authority that one of the original Trenton Banking Co. $3.00 notes that was in the bank's till on opening day survives, albeit in bad shape. It has the first day of business date, April 29, 1805; therefore as of press time it qual- ifies as the earliest known surviving genuine obsolete banknote of the Garden State. It is listed in Haxby as NJ-565G-72 (SENC]. No New Jersey note of earlier date than this could exist issued by any bank other than the Newark Banking and Insurance Co. BIBLIOGRAPHY: Daniel, Forrest W. "Some National Banks That Redeemed State Bank Notes." 17 Paper Money 91 (1978). French, Bruce H. Banking and Insurance in New Jersey: A History. Princeton: D. Van Nostrand Co., Inc. (1965). Harrison, William J. "Bank Notes Engraved by Harrisons in the United States." 6 Paper Money 79, 117 (1967). Haxby, James A. Standard Catalog of U.S. Obsolete Bank Notes, 1782 -1866, vol. 2. Iola, WI: Krause Publications (1988). Rockwood, Charles G. One Hundred Years: A Record of the Work of the Oldest Bank in the State of New Jersey. Newark: National Newark Banking Co. (1904). Smythe, R. M & Co. Inc. The Second Annual Strasburg Paper Money Show Public Auction #168 (September 26 & 27, 1997). Stephens, Stephen DeWitt. The Mavericks, American Engravers. New Brunswick: Rutgers University Press (1950). Trenton Banking Company: A History of the First Century of Its Existence. Trenton: MacCrellish & Quigley (1907). Wait, George W. New Jersey's Money. Newark: The Newark Museum and SPMC (1976). Support Paper Money Advertisers GET TOP PRICES FOR YOUR NOTES! Consign to Lyn Knight Currency Auctions The markets may be uncertain, but bidders in our recent "Discovery Sale" certainly weren't. If you're looking for record-setting prices, Lyn Knight Currency Auctions delivers. We can sell all of your notes. We offer: ■Great Commission Rates ■Generous Cash Advances ■Expert Cataloging ■Beautiful Full-Color Catalogs ■Extensive Advertising and Promotion ■Internet, Mail, Fax, Telephone, and Live Bidding Now Accepting Consignments DALLAS SALE August 18, 2001 4th National Paper Money & Historical Artifacts Show Dallas, Texas Consignment Deadline: June 22, 2001 Call Today to Consign! 800-243-52111 ern CXiiiyht Currency Auctions A COLLECTORS UNIVERSE COMPANY NASDAQ: CLCT P.O. Box 7364 • Overland Park, KS 66207 • 800-234-5211 • 913-338-3779 • Fax: 913-338-4754 • E-mail: lyniknight@aol.com • www.lynknight.com PAPER MONEY • July/August 2001 • Whole No. 214 245 246 IAM HAVING TO WRITE THIS BEFORE THEInternational Paper Money Show in Memphis due to deadlines, but I hope you were able to join us there for the bourse and some of the other activities. I will report more on the IPMS in my next message to the membership. The SPMC board voted in 1992 to issue 25-year membership certificates to deserving members. However, these certificates were not issued. This March, the SPMC board voted to also issue 40- and 50-year membership cer- tificates to deserving members. Governor Benny Bolin volunteered to produce and mail out the certificates. He did this and the certificates were mailed out. I just want to inform everybody that if you have been a member of SPMC for more than 25 years, but less than 40 years you will only receive a 25-year certificate, not a certificate for the actual number of years of membership. In your 40th year, you will receive a 40-year certificate. I want to apologize for any inconvienence or misunder- standings over this situation. Also, if someone was missed in the mailing or your name is mis-spelled, etc. please con- tact Benny. His address is listed on Page 234. Voting for the SPMC board closed on May 1. The voting went as follows with 288 ballots accepted and 1 bal- lot re- jected due to no votes recorded on it for a total of 1016 votes tallied: Steve Whitfield - 212 votes, Wendell Wolka - 253 votes, Bob Schreiner - 195 votes, Fred Reed - 244 votes and Tom Minerley - 112 votes. The top four vote getters were re- elected to the board. I want to thank them and Mr. Minerley for accepting the call for nomina- tions. I look forward to working with the board and serv- ing as your President for another two years. v Frank DO YOU COLLECT FISCAL PAPER? The American Society of Check Collectors publishes a quarterly journal for members. Visit our website at http://members.aol.com/asccinfo or write to Coleman Leifer, POB 577, Garrett Park, MD 20896. Dues are $10 per year for US residents, $12 for Canadian and Mexican residents, and $18 for those in foreign locations. July/August 2001 • Whole No. 214 • PAPER MONEY $ money mart PAPER MONEY will accept classified advertising—from members only—on a basis of 150 per word (minimum charge of 53.75). Ad must be non-commercial in nature. Copy must be legibly printed or typed, accompanied by prepayment made payable to "Society of Paper Money Collectors," and reach Editor Fred Reed, P.O. Box 793941, Dallas, TX 75379, by the first of the month preceding the month of issue (i.e., June 1 for July/August issue). Word count: Name and address count as five words. All other words and abbreviations, figure combinations and initials count as separate words. No check copies. 10% discount for four or more insertions of the same copy. ,EXCHANGE BANK OF VIRGINIA issued by Abingdon Branch Wanted. Also, Washington County Virginia Notes. Tom Merrihue, P.O. Box 25, Emory, VA 24327. 540-944-3581 (214) TRADE OR SELL $5 CH UNC 1929 National 906 Lexington, KY Type 2 for your LTNC National. Write Robert Marshall, 87 Jane Dr., St. Peters, MO 63376 (216) CIVIL WAR ENCASED STAMPS rare ©1994 limited 1st edition, unbound folios, antique oversize paper, autographed. Only $169. Fred Reed, POB 118162, Carrollton, TX 75011-8162 (216) HUNTSVILLE, ALABAMA PAPER WANTED: Nationals, obso- letes, merchant scrip, checks, postcards, etc. Bob Cochran, Box 1085, Florissant, MO 63031. Life Member SPMC. (218) PAPER MONEY BACK ISSUES WANTED: #124 (July/Aug 1986) through #150 (Nov/Dec 1990). Bob Cochran, Box 1085, Florissant, MO 63031. Life Member SPMC. (218) BANK/BANKING HISTORIES WANTED: 1 collect, sell and trade bank histories. Whatcha got? IAThatcha need? Bob Cochran, Box 1085, Florissant, MO 63031. Life Member SPMC. (218) Comprehensive Paper Money Index By George Tremmel Now For Sale Includes complete listing to all issues of the SPMC journal Paper Money 1962-1999 • 130-page Hard Copy only $12 • • Hard Copy & Floppy Disk only $13 • (searchable) Make checks payable to SPMC Mail to: Robert Schreiner POB 2331 Chapel Hill, NC 27515-2331 PAPER MONEY • July/August 2001 • Whole No. 214 247 BANK •Happenings Submitted by BOB COCHRAN Bank Counter Robber (GAN ENGLISHMAN NAMED GALOWAY WAS Arrested in Paris on the sixth of last February for an ingenious crime. He was well dressed and carried a gold- headed cane, and was caught pocketing 600 pounds in bank notes that did not belong to him. "For some time the Paris police had been trying to find out how large numbers of bank notes disappeared from the counters of several banking establishments in Paris. The notes always vanished as the clerk was counting them, and their dis- appearance was the more remarkable as no stranger was ever noticed near the bundle. "But on the sixth of February two detectives noticed a man at a desk several yards away from the clerk who was counting notes. Apparently he was very busy with some calcu- lations, and on the desk lay his gold-knobbed cane, with the ferrule under Galoway's hand. "The detectives were surprised to notice a spring issue from the gold handle of the cane and tuck itself into the band round a parcel of notes which were then quietly drawn towards Galoway." SOURCE: The Bankers Magazine National Bank of Commerce in St. Louis Puts Ban on Drink and 'Smokes' GGASDET OF RULES TO GOVERN THE CONDUCT f the employees of the National Bank of Commerce in St. Louis, which were drawn by the officials of the bank, has been put in pamphlet form for distribution among the clerks. They are merely a code of morals and ethics, the officials say, which their employees will be required to observe to retain their positions with the institution. "Cigarettes, gambling, drink, and speculation are posi- tively barred under the rules. Also a rule requires that employees refrain from entering discussions with one another during business hours not pertaining to business matters. "It is expected this will be observed until the opening of the baseball season. The employees are also cautioned against going into debt, and are asked to consult the officials of the bank when financially embarrassed." (Pssst....wanna come by after work and talk about the Browns?) SOURCE: The Bankers Magazine Sign Checks With Thumb c4THE COMMISSIONER OF INDIAN AFFAIRS HAS directed officials throughout Oklahoma that hereafter every Indian who can not write his name shall be required to sign all his checks and official papers and to endorse checks and warrants covering Indian money by making an impression of the ball of his right thumb. Such imprint shall he wit- nessed by an employee of the Indian agency or by one of the leading men of the tribe. His thumb mark signature must be witnessed by the postmaster of the place where he resides. SOURCE: The Bankers Magazine GGT The Accommodation Bank HE ACCOMMODATION BANK OF ST. LOUIS, with a capital of $300,000, chartered by act of the Legislature, approved February 15th, 1864, is open for busi- ness at the new banking-house, No. 80 Chestnut Street, between Third and Fourth Streets. "President, Erastus Wells; Cashier, Wm. D. Henry; Assistant Cashier, Sam. Moody; Counsellor (sic), Hon. John M. Krum. This institution is intended for the benefit of the poor man, and will especially guard and protect the small tradesman, the laborer, the house servant..." Unfortunately for collectors, The Accommodation Bank issued no bank notes. SOURCE: The Bankers Magazine When Extremes Meet((ONE TRAIT OF human nature often observed is the fondness, not to say the affinity, of certain persons for their extreme opposites. Take, for instance, the big watchman who guards the door of the grille through which patrons of the Security Safe Deposit Department pass to reach the vault and their boxes within it. "G.W. Snyder, for all of his bulk of 304 pounds and his height of six feet six, has a hobby for owning the smallest Chihuahua dogs and likes them less if they exceed one pound in weight. He says the four- teen-ounce, alert creature seen in his lap is a better watchdog than if it weighed a hundred times as much. But then he does little fellow to do any of the guarding." SOURCE: Security Savings Bank, Los Angeles, California not rely on this 248 July/August 2001 • Whole No. 214 • PAPER MONEY Additions to A Catalog of SPMC emorabilia By Fred Reed TT SHOULD COME AS NO SURPRISE THAT the trial listing of SPMC memorabilia published in Paper Money's 40th anniversary commemorative issue (January/February 2001, issue #211) has proved incom- plete. That's the purpose of a trial listing. Veteran SPMC member Neil Shafer has attended more than a few SPMC affairs during his 37 years with the Society. Prompted by the prior listing, Neil has cleaned out his closet and come up with some additional goodies for the Catalog of SPMC Memorabilia, which are described here. Who'll be the next "old timer" to step forward and help us fill in some more gaps in our Society's history? 1984 ANA SPMC/IBNS 1984 Souvenir Banquet Ticket ous catalog entry. Perhaps BEP Director Bob Leuver is hold- ing the companion IBNS ticket? The matter requires more research. Who can help? 1986 ANA SPMC/IBNS 1986 Souvenir Breakfast Ticket This certifies that the Banknote Intaglio printing on the face of this document was printed in 1984 by the American Bank Note Company. Attested to by: Salvatore F. D'Amato President American Bank Note Company _YEE(W1011.1MIf4i107- 44taiJalti• itt0 4' //cafe" ,yawee-wei Max/-:41 0 This certifies that the Banknote Intaglio printing on the face of this document was printed in 1983 by the American Bank Note Company. Attested to by: /f.f24 Salvatore F. D'Amato President American Bank Note Company As noted in the previous listing, the Society held a joint banquet with IBNS during the 1984 ANA Convention in Detroit, MI. This ticket was imprinted on the back of a $2 White Mountain Bank of Lancaster, NH intaglio engraving produced by ABNCo which had appeared on the previous year's SPMC Souvenir Card. The ticket is clearly imprinted with the society information 1984 SPMC/IBNS // AWARDS BANQUET // DETROIT, MICHIGAN // ADMIT ONE. Neil's ticket is also imprinted with a $1 Detroit City Bank remainder note, originally printed c. 1837 by Rawdon, Wright and Hatch with a view of Detroit harbor. Interestingly, it appears to be the Haxby plate note. Size: 8 x 3.75 Price: $22.00 Note: Neil's discovery would appear to invalidate the previ- SPMC member John Wilson provided the souvenir admission ticket for the joint "Ragpickers Breakfast" held at the Milwaukee ANA August 8, 1986. This event marked the 25th anniversary of both paper money organizations and an extensive entry in the prior catalog provides specifics. The souvenir admission ticket was a cut down 1984 SPMC Souvenir Card featuring an intaglio Bank of the State of Indiana $100 note impression, originally printed by Bald, Cousland & Co., which was destined to become ubiquitous as a vignette for SPMC event tickets. The imprint on the back provides details of the event, including the identity of the speaker, collector and publisher Chet Krause, appropriately an authority on his state's paper money. The ticket is also imprinted with the image of a Civil War era 10-cent Chas. Bigelow scrip remainder payable at the Juneau Bank, Milwaukee. In his Wisconsin Obsolete Bank Notes and Scrip (1994), Chet writes that Juneau was a French-Canadian fur trader who was among the first white residents of Wisconsin, and who later became the first mayor of Milwaukee. Size: 8 x 3.75 Price: $10.00 1988 Memphis SPMC 1988 Souvenir Banquet Ticket Here's a real discovery item, a variety to the previous list- ed June 25, 1988 SPMC Souvenir Banquet Ticket. Both Neil's item and the previously listed ticket were imprinted on This certifies that, the Banknote Intaglio printing on the face of this document was printed in 1984 by the American Bank Note Company. Attested to by: Salvatore F. D'Anmto President American Bank Note Company • that the.Banknote Intaglio to face of this document was )84 by the American Bank Ivatore F. D'Amato .silent mrican Bank Note Company PAPER MONEY • July/August 2001 • Whole No. 214 249 cut down 1984 Society souvenir cards featuring the $100 Bank of the State of Indiana engraving, however the back of this admission ticket carries a different imprint from that shown in the original catalog. I'll leave it to the reader to make the comparisons, but the major difference is that this newly reported ticket (at left center) carries the imprint of an 1864 Confederate $50 note, whereas that shown earlier (at left bot- tom) is imprinted with a 10-cent Fourth Issue Fractional Currency image. Close attention to the banquet data imprint also reveals that the previous ticket was printed in "error." Data on the Shafer ticket is listed in 7 lines. Data on the item shown earlier is imprinted in 6 lines. The difference? The first line of the ticket at left center reads SOCIETY OF PAPER MONEY COLLECTORS in an irritating ransom poster style type font. That ID was absent from the earlier example (as you can see for yourself). Ironically, the ABNCo statement on the back of the "error" ticket is similarly truncat- ed at left. Why? You tell me. It's possible I reproduced it from a photocopy that had been made with an obstruction lay- ing on the copy machine. While I don't suppose "error" SPMC tickets carry much of a premium, it proves that eagle eyes are a distinct asset to the syngraphist. Thanks, Neil. Size: 8 x 3.75 Price: I suppose it would take a population report to determine, which of the two varieties of 1988 Memphis Souvenir Tickets are scarcer, and also whether all of the Variety 1 tickets were imprinted in "error." As always, time will tell. Now, who else can come up with additional examples of SPMC memorabilia? Paper Money would be happy to publish your findings. just send a good photocopy to the Editor! '1028 The One Million Euro notes are consecutively numbered and employ overt and covert security features. They are printed by the intaglio process on micro-threaded banknote paper. These notes are available in individual or bulk quantities with a certificate of authenticity. Some half and full size banknote sheets are available including banknote paper specifications. This first Euro Banknote Collectible may well revolutionize the Banknote Collectible Industry In January 2002 the Euro will become the official currency of the 15 member European union. The Naples Bank Note Company has commissioned artist Chris McCauley to create a non- negotiable collectible, the One Million Euro, commemorating this event. These notes will be issued in a limited edition of only 150,000. • mai Nt miLuo PEOR0 800-628-6298 Lynese Octobre, Inc. P.O. Box 5002, Dept. 33 Clearwater, FL 33758-5002 Wholesale & Retail Inquiries Invited 4 1,):( 0 )e // e Oe, K)10 970 e Or visit our Website: www.banknotables.com July/August 2001 • Whole No. 214 • PAPER MONEY250 Posted Poem Recites Seven Ages of a Banker WHILE AGO I WAS GOING THROUGH A ox of postcards at the 1999 St. Louis Paper Money Show when I found the postcard that this article is about. My find was a postcard on the Commercial National Bank of Greenville, Texas. It was mailed to Mr. R.N. Wright in care of the Canyon National Bank of Canyon City, Texas. The postcard was cancelled in December of 1907 and has a one-cent stamp attached. There is also a shield on the left side of the postcard with the phrase, "We Want To Do Business With You," and the bottom of the shield contains "The Commercial National Bank Of Greenville, Texas." The postcard was mailed from one banker to another, possibly a predecessor to our e-mail humor of today. Its back has a poem pasted on it, which reads as follows: THE SEVEN AGES OF A BANKER At two with toys he used to play. And gladly passed the time away. At age six it came to pass, He passed the kindergarten class. At twenty-one, brimful of knowledge, He passed, with honor, out of college. At thirty, to the alter [sic] he [you'll have to burly" with a line drawn to "thirty" is scribled here] Passed down the aisle, a groom-to-be. At forty-five a man sedate, At church he always passed the plate. At sixty on life's downward trend, He boldly passed a dividend. At last a million he was worth, And then he passed away from earth. --Detroit Free Press. However, there are two more lines after the credit line (added by the newspaper reprinting the original): Then he tried in heaven to dwell, But Peter passed him on to hell. This poem traces the life stages of a banker. It also depicts the opinion most people hold about bankers, especially at this time. The back of the original postcard displays only enough clues to determine that its original purpose was to be used for mundane banking correspondence. This postcard probably still exists today only because of the poem, which is why the recipient Mr. Wright saved it. I was very fortunate to find this postcard and add it to my collection. 7-- THE SEVEN AGES OF A BANKER. At two with toys he used to play. And gladly passed toe time away. At age of six it came to pass, He passed the kindergarten. class. At tweitge, brimful of knowledge, He passeitloith honor, out of college At thirty7 o the alter he 70t Lei't re Passed d u the aisle, a groom-to-be. At forty"-five a man sedate, At church lie always passed the plate. At sixty on life's downward trend, He boldly passed a dividend. At last a million he was worth, And them he passed away from earth. —Detroit Free Press. Then he tried in heaven to dwell, But Peter passed him on to hell. ' zq 0 1.1.4 ,(,,M&J/k. AIN■Im■ 4'441r rowDO susot5'---,win.' 500 THE (01WRCIAL qs;e.e 8 A N K OF.$. 417/ L E Collectors Wanted Stow away an extra 40th Anniversary Issue and Souvenir Card or two for the future! Send $15 per copy ordered payable to SPMC PO Box 793941 Dept. J/A, Dallas TX 75379 PAPER MONEY • July/August 2001 • Whole No. 214 251 CHECK THE "GREENSHEET" GET 10 OFFERS THEN CALL ME FOR WRITE) FOR MY TOP BUYING PRICES The Kagin name appears more often than any other in the pedigrees of the rarest and scarcest notes (U.S. Paper Money Records by Gengerke) BUY ALL U.S. CURRENCY Good to Gem Unc. I know rarity (have handled over 95% of U.S. in Friedberg) and condition (pay over "ask" for some) and am prepared to "reach" for it. Premium Prices Paid For Nationals (Pay 2-3 times "book" prices for some) BUY EVERYTHING: Uncut Sheets, Errors, Stars, Special Numbers, etc. I can't sell what I don't have Pay Cash (no waiting) - No Deal Too Large A.M. ("Art") KAGIN 505 Fifth Avenue, Suite 910 Des Moines, Iowa 50309-2316 (515) 243-7363 Fax: (515) 288-8681 At 80 Now is The Time - Currency & Coin Dealer Over 50 Years I attend about 25 Currency-Coin Shows per year Visit Most States (Call, Fax or Write for Appointment) Collector Since 1928 Professional Since 1933 Founding Member PNG, President 1963-64 ANA Life Member 103, Governor 1983-87 ANA 50-Year Gold Medal Recipient 1988 CO6MWEWTAL CiiRRE:n/Gy. 9 -- , -; . -6.61J-6§vvw 00.-,.:_zgq2,,,c.° - .4-6-i...7C. -0 \A\ .,,/ THIS BI LI, entitles the Bearer to 7:::. - .,,. .cf.,-Lo tre.tce ,,ivi/c1.-?is,:6091,:t3hyvTl :ienift,-;:r.1:0e:t (6) ) in §',41 or Sit'ver, according to the Brio- (,') lution3 c,f the CO ',`, YiqUiSS, held at 11 3hitt.,ieeh..1 74 he loth of dli,, 1 7}-5. // ..--4--, .2: 7, -,4?////4,.., ,' ,4 • 12 () / ;`..-7'.,,-.. 1•Q'N ,Q,,,,9-::::: 9. 4;', "?'...- <:"..C.: :P.i .a.a.r.t=tisyiaasitmoasam. /a:Aey FIFTY- nirifiiririira /./;;;,,, /;;,,e," • DOLLARS 7 / ok"1/9,//, 14-.)< -311=-2+11 VAZ-viArair ft July/August 2001 • Whole No. 214 • PAPER MONEY252 Buying, Selling, Auctioning U. S. Paper Money Since 1935 Now Soliciting Consignments for Our 2001 Auction Sales MILL.LE FOR ALL rlirria. STATES SWAMPS ,. 123 West 57th Street New York, New York 10019 Fax: Phone: E-Mail: Web Site: 212-245-5018 212-582-2580 info @stacks.com www.stacks.com PAPER MONEY • July/August 2001 • Whole No. 214 253 OUR CURRENT BOOK LIST OF UNITED STATES PAPER MONEY J1 American Numismatic Society. America's Currency: 1780-1866. New York, 1986. 142pp., illus. $15.00 J2 Anderson, William G. The Price of Liberty... The Public Debt of the American Revolution. Charlottesville, 1983. 180pp., illus. The standard reference pertaining to the various debt certificates of the American colonies. $35.00 J3 Ball, Douglas B. Comprehensive Catalog and History of Confederate Bonds. Port Clinton, 1998. 288pp., illus. $40.00 J4 Bart, Frederick J. Comprehensive Catalog of United States Paper Money Errors. Port Clinton, OH. 1994. 190 pp illus. Paper. $25.00 J5 Bressett, Kenneth. Guide Book of United States Currency. Racine. 2nd ed., 1995. 336 pp., illus. $14.95 J6 Cambell, Lance K. Prisoner of War and Concentration Camp Money of the 20th Century. 2nd ed. Port Clinton, OH 1993. 200 pp., illus. Hardbound. $35.00 J7 Carothers, Neil. Fractional Money. Wolfeboro, 1988 reprint of the 1930 work. 373 pp., illus. Paper. $19.95 J8 Chambliss, Carlson R. U.S. Paper Money - Guide Handbook. Port Clinton, 1999. 479 pp., illus. A useful book in obtaining both historical information as well as ideas with which to build collections in all categories of the U.S. currency field. $19.95 J9 Criswell, Grover C. Confederate and Southern States Bonds. 2nd ed., Florida, 1980. 374 pp., illus. $37.50 J10 . Confederate War Bonds. 1993-1994 Edition. Salt Springs, FL. 1992. 76 pp., illus. Paper $5.00 J11 . Colonel Grover Criswell's Guide to Confederate Money. Salt Springs, FL. 1991. 58 pp., illus. Paper. $5.00 J12 . Comprehensive Catalog of Confederate Paper Money. Port Clinton, OH. 1996. 352 pp., illus. $35.00 J13 Friedberg, Arthur L. and Ira S. Paper Money of the United States. 15th ed. Clifton, 1998. 300 pp., illus. $35.00 J14 Hessler, Gene. The Comprehensive Catalog of U.S. Paper Money. 6th ed. Port Clifton, OH.1997. 505 pp., illus. Hardbound. $39.95 J15 . U.S. Essay, Proof and Specimen Notes. Portage, 1979. 224 pp., illus. $19.95 J16 Hodder, Michael and Bowers, Q. David. The Standard Catalogue of Encased Postage Stamps. Wolfeboro, 1989. 191 pp., illus. Paper. $29.95 J17 Huntoon, Peter. United States Large Size National Bank Notes. Laramie, WY. 1995. 283 pp., illus. $49.95 J18 Keller, Kenneth. Sutler Paper Money. Rockford, 1994. 245 pp., illus. Paper. $50.00 J19 Kelly, Don C. National Bank Notes - A Guide with Prices. Oxford, OH. 1997. 596 pp., illus. $100.00 J20 Kleeberg, John M., ed. Money of Pre-Federal America. New York, 1992. 253 pp., illus. $25.00 J21 McCusker, John J. Money and Exchange in Europe & America 1600-1775. Chapel Hills, 1978. 367 pp. Paper. $25.00 J22 Mitchell, Ralph A. and Shafer, Neil. Standard Catalog of Depression Scrip of the United States. Iola, 1984. 318 pp.. illus. Paper. $39.95 J23 Murray, Douglas D. Comprehensive Catalog of United States Large Size Star Notes - 1910-1929. Port Clinton, 1996. 128 pp., illus. Paper. $24.95 J24 Newman, Eric P The Early Paper Money of America. 4th ed. Iola, 1997. 487 pp., illus. $75.00 J25 Oakes, Dean and Schwartz, John. Standard Guide to Small-Size U.S. Paper Money - 1928 to Date. 2nd ed. Iola, 1997. 339 pp., illus. Paper. $17.50 J26 Prather, Dewitt G. United States National Bank Notes and their Seals. Charlotte, 1986. 199 pp. illus. $40.00 J27 Rust, Alvin E. Mormon and Utah Coin Currency. Salt Lake City, 1984. 247 pp., illus. $39.95 J28 Schingoethe, Herb and Martha College Currency - Money for Business Training. Iola, 1993. Illus. $95.00 J29 Schwan, Fred. Comprehensive Catalog of Military Payment Certificates. Port Clinton, OH. 1997. 222 pp illus. $35.00 J30 Schwan, Fred and Boling, Joseph E. World War II Remembered. Port Clinton, OH. 1995. 864 pp., illus. $65.00 J31 Scott, Kenneth. Counterfeiting in Colonial Rhode Island. Providence, 1960. 74 pp., illus. $30.00 J32 . Counterfeiting in Colonial Connecticut. New York, 1957. 244 pp. plus 24 plates. Paper. $67.50 J33 Slabaugh, Arlie R. Confederate States Paper Money. 8th ed. 1993. 128 pp., illus. Paper. $12.95 J34 Sullivan, Stephen M. U.S. Error Note Encyclopedia. Melbourne, 1997. 431 pp., illus. $35.00 J35 Thian, Raphael P The Register of the Confederate Debt. Lawrence, 1972. Reprint of the classic 1880 work. 190 pp. $55.00 J36 . Same. Lincoln, MA. 191) pp. A later reprint than the book offered above. $55.00 J37 Cassell, David. United States Pattern Postage Currency Coins. Miami, 2000., 225pp., illus. This book is by far the most exhaustive reference regarding this area of pattern collecting. The author makes valuable corrections to both Judd and Pollock. $145.00 J38 Harlow, Thompson, R. Connecticut Engravers: 1774-1820. Hartford, 1971. 4Opp., illus. Paper. Printed in the October 1971 Connecticut Historical Society Bulletin $9.50 J39 Krause, Chester L. and Lemke, Robert F. Standard Catalog of United States Paper Money. 18th ed. Iola, 1999. 214 pp., illus. The new edition of this popular, versatile reference. $24.95 J40 Oakes, Dean and Schwartz, John. Standard Guide to Small Size U.S. Paper Money - 1928 to Date. 3rd ed. Iola, 1999. 352 pp., illus. Paper. The new edition of this popular, highly regarded reference. $24.95 J41 O'Brien, Donald C. Abner Reed: A Connecticut Engraver. Hartford, 1979. 16pp., illus. Paper. Printed in the January 1979 Connecticut Historical Society Bulletin. Also included is an article entitled "Stephen Johnson: Patriot Minister" by Bruce Stark. $7.50 J42 Slabaugh, Arlie R. Confederate States Paper Money. 9th ed. Iola, 1998. 246 pp., illus. The new expanded edition of this book, now including a useful section on Southern States Currency. $19.95 When ordering books, please add $3.50 for the first item and $2.00 for each additional title or volume. All books are shipped via 4th Class Mail unless otherwise requested. Please call for 1st Class or Air Mail rates. 123 WEST 57th STREET, NEW YORK, N.Y. 10019-2280 254 July/August 2001 • Whole No. 214 • PAPER MONEY excerpts from the D iaries James D. $ BY GENE HESSLER Continued from Previous Issue 1877 9 Feb. Got started on Condor drawing for ABNCo. (This refers to Chile 10 pesos, PS334 eng. by James Smillie.) 19 Feb. Began painting of ABNCo vignette of Gaucho 10 x 14 inches. I wish to exhibit it at the National Academy of Design (NAD). 26 Feb. Worked on reduction of Gaucho for illustrated catalog of NAD. 30 Apr. Began drawing of South American subject for ABNCo. 18 May. Commenced again painting Chile Arms for ABNCo. (See No. 853.) 23 May. At last finished Chile Arms for ABNCo. 5 June. "Started on painting of Western Herder, Replica of The Gaucho for W. Phelps of Burlington, VT." 8 June. Worked on ABNCo drawing Coal Mine--at the Foot of the Shaft. 20 June. Painted over the horse of Herder. 22 June. Finished Herder. 25 June. Finished Foot of the Shaft and took it to ABNCo, got paid for it. Foot of the Shaft, #878 (Note: #s refer to die numbers which will be listed in a future installment of this series.) 2 Oct. Worked on ABNCo drawing Railroad Station at Concepcion--Chile. (This probably refers to 10 pesos, PS179.) 5 Oct. Traced and retraced Concepcion Fountain for ABNCo. (This could refer to the monument-fountain on 5 & 20 pesos, PS176 & S180 eng. by James Smillie.) Worked on drawing for ABNCo, figures for a label.27 Oct. 1878 21 Jan. 22 Feb. 8 Apr. 19 Sept. 28 Sept. 1 Oct. 3 Oct. 10 Oct. 23 Oct. 21 Dec. Worked on sketch In the Orchard for William] C[roome]. Saw Reinhart and had a talk with him. Spoke with Reinhart and [Walter] Shirlaw. Met with [Frederick] Girsch. Worked on proof of Gaucho and Arms of Virginia for ABNCo. Uncle Willie visited. To [American] Exp. Office with Virginia Arms and a sketch for Will. Account book: Hoosac Tunnel $12.50, Old Abe $2.50, Virginia Arms $25. Worked on small drawing of Hoosac Tunnel entrance for ABNCo. Tried to work on drawing of Arms of Sandwich Islands for ABNCo. Jim Reardon (left) and Butch Caswell, two of Littleton's experienced team of buyers. We welcome the chance to consider your notes! David Sundman, President ANA Life Member #4463; PNG #510; Society of Paper Money Collectors LM#163; Member, Professional Currency Dealers Association PAPER MONEY • July/August 2001 • Whole No. 214 255 Last Year Alone... Littleton Spent More Than $14 Million on U.S. Coins & Paper Money! Why We Need Your U.S. Paper Money It's simple. We have lots of customers, and because of their collecting needs, WE NEED YOUR PAPER MONEY! We can afford to pay highly competitive buy prices because we retail all the notes we buy. Over 150,000+ Customers Want Your Notes! Wide Range of U.S. Notes Wanted! • Single notes to entire collections • Very Good to Gem • Early large size notes to high denomination small size notes • All types including Legal Tender Notes, Silver & Gold Certificates and more Knowledge and Experience Count — We've Got Both We've earned our reputation as a nationally recognized leader in the numismatic field. And our buying team — with more than 60 years of combined experience in the grading and buying of coins and paper money — has played a crucial role. Why You Should Consider Selling to Littleton • Highly competitive buy prices • Fair appraisals and offers • Fast confirmation and settlement • Finders fees and joint arrangements • Over 50 years experience buying and selling coins and paper money Buyer Phone: (603) 444-1020 • We welcome the opportunity to purchase your paper money 02 000 I.CCToll Free: (800) 581-2646 r Fax: (603) 444-3501 or Name Address Littleton City/State/Zip Coin Company Dept. BFS005 Daytime Phone 1309 Mt. Eustis Road Littleton, N.H. 03561-3735 coinbuy@littletoncoin.com Best time to call DYES !. I'm interested in selling paper money to Littleton. Please Toll Free Fax: (877) 850 -3540 contact me regarding my collection or holdings. Teletype: Facts D97 CoinNet NHO7 coinbuy@littletoncoin.com Dun & Bradstreet #01-892-9653 Over 50 Years of Friendly Service to Collectors! L Fill out this coupon and Fax Toll Free to (877) 850-3540, or Mail to: 256 July/August 2001 • Whole No. 214 • PAPER MONEY 1879 10 Feb. Worked on sketch of Hills Semper Idem label for ABNCo. During this period J.D. Smillie mentioned that he did work for Harper's Brothers, an unidentified Photo Engraving Company, and Appleton's. 14 Apr. Ready to print on my new press. 25 Apr. Began drawing of New Mexico Territorial Seal for ABNCo. 30 June. [Brother] Will ordered drawing of some Smelting Works for ABNCo. 4 July. Worked on Father's press. 29 July. Picked up "a lot of work" from ABNCo. 7 Aug. Worked on ABNCo drawings of Fulton Ferry, Suspension Bridge and Elevated Railroad Depot (see Brooklyn Elevated Railroad corporate bond eng. by James Smillie & R. Berry.) 16 Aug. Worked on drawing of South American Bridge for ABNCo. 25 Oct. Worked on drawings of "S.A. subject, a statue in a public square" for ABNCo. 28 Nov. Worked on drawing of View of Deadwood for ABNCo. Account book: Smelting Works in Colorado $30, City of Santiago $45, drawing of Girard TC Building $5, Sidney Exp. Building $10. 1880 2 Feb. Charcoaled sketch of "a group of horses--Hail Columbia" for ABNCo. 27 Feb. Finished Had Columbia started drawing of Arms of Paraguay. (This proba- bly refers to 5 pesos, PS127.) 16 Mar. Made changes on Hail Columbia. 18 May. More changes on Hail Columbia. 26 May. Began work on drawing of "N.O. Seal" for ABNCo. (This seal was engraved by G.F.C. Smillie in August.) 29 May. Worked on drawing of Quebec for ABNCo. 5 Dec. Proposal to Anna accepted [his on 28 Sept.] from Portland [Maine]. "She surrendered unconditionally." "I, too, surrendered under same terms." 21 Dec. Worked on small sketch of Blast Furnace for ABNCo. Account book: Hail Columbia $90, Alice Gold and Silver Mine $10, Arms of Paraguay $25, Seal of New Orleans $30. Mount Hood, #660 1881 5 April. 30 April. 7 May. 9 May. 11 May. 12 May. 15 May. 17 May. 28 Nov. 29 Nov. Worked on vignette of "Portland, O[regon] Mt. Hood" for ABNCo. (This subject was engraved by James Smillie and received a copyright by Ladd & Tilton, Portland, Oregon in 1882.) Finished drawing of Church in Ecuador for ABNCo. (See 20 pesos, PS264 eng. by Charles Skinner.) Married Anna C. Cook. "...back to hotel" worked on S.A. drawing for ABNCo. In Virginia [for honeymoon]. Worked on drawing for ABNCo. Returned home at 110 E. 38th St. NYC. Finished ABNCo drawing. Began drawing of Mining Mill scene for ABNCo. Worked on Gold Hill for ABNCo. ATS notes Free Price List www.atsnotes.com ats@atsnotes.com Tom Sluszkiewicz STOCKS & BONDS MONTHLY MAIL BID SALES RR's, Mining, Banking, etc. etc. Something For Everyone FREE LISTING I RICHARD T. HOOBER, JR. I P.O. Box 3116, Key Largo, FL 33037 Phone or Fax (305) 853-0105I r I I I 1 I I I I Checks, Checks, Checks! Add to your check collection Acquire collateral material for your National collection Revenue Stamps 85 Imprints Thousands of Checks We also have Stocks, Bonds and Myfarm' Albums and Sleeves Write, call or fax for free catalog today. Your Complete Satisfaction Guaranteed OREGON PAPER MONEY EXCHANGE 6802 SW 33RD Pl. Portland, OR 97219 503-245-3659 Fax 503-244-2977 WORLD PAPER MONEY specialized in Poland. Russia & E.Europe P.O.Box 54521, Middlegate Postal BURNABY, B.C., CANADA, V5E 4J6 WANTED COLONIAL/CONTINENTAL BANKNOTES Any Quantity, Any Condition. Ship in confidence to: Steve Pomex (Member ANA, SPMC, IBNS) PO Box 2, Ridgefield Park, NJ - 07660 Tel: 201-641-6641 / Fax: 201-641-1700 Email: Steve@Pomexport.com Always Wanted Monmouth County, New Jersey Obsoletes — Nationals — Scrip Histories and Memorabilia Allenhu7 -st — Allentown — Asbury Park — Atlantic Highlands — Belmar Bradley Beach — Eatontown — Englishtown — Freehold — Howell Keansburg — Keyport — Long Branch — Manasquan — Matawan Middletown — Ocean Grove — Red Bank — Sea Bright — Spring Lake N.B. Buckman P.O. Box 608, Ocean Grove, NJ 07756 800-533-6163 Fax: 732-282-2525 VEATXTIll 771itidl I Ady^ l^ ,r :43-Ei7i& 77- RV, U 00000001 I t, 41.14,aaa.,,1 417A1.11,.."....1,34,779* 4/, 'IL U 00000001 I U.S. Small Size Actively purchasing ALL small size paper money, especially individual rarities and "key notes" from any series, denomination, or type, both reg- ular and stars. Please permit us to make an offer on one note, duplicates, or an entire collection. Deal with THE specialist FREDERICK J. BART (810) 979-3400 P.O. Box 2, Roseville, MI 48066 e-mail: BartIncCor@aol.com PAPER MONEY • July/August 2001 • Whole No. 214 257 258 July/August 2001 • Whole No. 214 • PAPER MONEY 5 Dec. Took drawing to ABNCo. Account book: Portland and Mt. Hood $45, Interior of Mine and Drilling Machine $45, Gold Hill, Comstock Lode $45. 1882 23 Mar. Worked on drawing of Elevator for ABNCo. 24 Mar. Finished Elevator drawing. 29 Mar. "Golden Wedding." (James Smillie married Katherine Van Valkenburg on 29 March 1832.) 14 Apr. Impossible to finish Portland, Oregon by Saturday. 5 June. Began drawing Cuban & Pleasure Vehicle for ABNCo. 1 Sept. Finished ABNCo drawing. 9 Nov. Made sketch of western subject for ABNCo. 13 Nov. Worked up old Croome drawing of Eagle for ABNCo. 17 Nov. Worked on [ships] Huascar & Esmerelda drawing for ABNCo. (Peru & Chile 10 pesos, PS219) Account book: Manhattan Storage Warehouse $35, Girl at Telephone Switch Board $30. 1883 2 Mar. Worked on drawing of Girl at Telephone Switch Board for ABNCo. 3 Mar. Finished preceding. 16 Apr. Worked on Coal Mine Slope for ABNCo. 6 June. Son James born a.m. 17 July. Made sketch of Cars & Horses for ABNCo. 22 Aug. Worked on drawing of "Geysers, etc." for ABNCo. 28 Aug. Sent ABNCo drawing by [American] Exp. Office. 12 Nov. Began drawing of 4th Avenue Horse Car for ABNCo. 22 Nov. Met Father and Uncle Willie at train depot. 1884 2 Feb. Made sketch of Locomotive for ABNCo. 12 Mar. Began work on drawing of South American Statue for ABNCo. 19 Mar. Made tracing from photo of Chilean Port and made oil paint alterations on a marine sketch by Harry Chase for ABNCo. (The Chilean Port could refer to 100 pesos, PS182.) 5 Apr. "Worked over an old ABNCo drawing made by a young man of Electricity"--made a new drawing. 11 Apr. Worked on a Steamer drawing for ABNCo. 14 May. Took Locomotive drawing to ABNCo $2.30. 17 May. To Europe on S.S. City of Berlin; will arrive in London on 30 May. 1 July. Paris. Visited by Edwin Blashfield. (Pages from the microfilmed-diary could have been missing, or J.D. Smillie had no time to record his experiences.) 12 Oct. Home. 1885 18 June. "Delivered my last and completed work, much to my relief..." to ABNCo. 23 Sept. Made little progress on Esmerelda, right [sic] war ship. (See 17 Nov. 1882) 1 Nov. "Sat with Father most of the evening. He talked a good deal, altho with difficulty, most of the time of approaching death & giving many instruc- tions. He told me how he wishes me to finish his die of Lions, after Rosa Bonheur." (Lions at Home was used on Brazil 20 mil reis, PS532, and Mexico 500 pesos, PS238.) 2 Nov. Picked up three proofs of Father's Lion die. 23 Nov. (J.D. Smillie's birthday) Picked up proof of Lions at ABNCo, near finished. 27 Nov. To ABNCo with West Shore No. 2, it was accepted, also No. 1. 30 Nov. Worked on drawing of Mexican Woman, Infant and Boy for ABNCo. 4 Dec. Father died about 2:00 p.m. 7 Dec. Father buried at Ocean Hill. ("Retiring in disposition and unobtrusive in manner, his love for his family, his art and his religion formed the atmos- phere of his life and to the day of his death he remained sweet in temper and in faith" Eulogy by James D. Smillie: Morris, No. 5, p. 23.) 1886 10 Jan. Made out a bill dated 31 Dec. for Father's [last engraved] die. 22 Jan. Made sketch of Remargne [sic] on West Shore Bond die for ABNCo. 4 Feb. Worked on sketch of Lincoln Mill for ABNCo. 4,6crtate • 619-273-3566 SERVICES: q Portfolio Development q Major Show Coverage q Auction Attendance SERVICES: q Portfolio Development q Major Show Coverage q Auction Attendance EARLY AMERICAN NUMISMATICS c/o Dana Linett P.O. Box 2442 • LaJolla, CA 92038 619-273-3566 Members: Life ANA, CSNA, EAC, SPMC, FUN ANACS See our in stockwebsite at williamyoungerman.com for over 1,000 Nationals EARLY AMERICAN NUMISMATICS COLONIAL & CONTINENTAL CURRENCY We maintain the LARGEST ACTIVE INVENTORY IN THE WORLD! SEND US YOUR WANT LISTS. FREE PRICE LISTS AVAILABLE. de Se or Your Hometown Currency Headquarters Top prices paid for National Currency Collections, Large-Size Type Notes, All Florida Currency and Scrip Largest Inventory of National Currency & Large-Size Type Notes! E-mail: wymoney@aol.com Call 1-800-327-5010 for a Free Catalog or write William Youngerman, Inc. Rare Coins & Currency "Since 1967" P.O. Box 177, Boca Raton, FL 33429-0177 r PAPER MONEY • July/August 2001 • Whole No. 214 259 Member: PNG, PCDA, ANA, SPMC and others 260 July/August 2001 • Whole No. 214 • PAPER MONEY 17 Feb. Worked on 2d West Shore Bond vignette, and etchings of Bridgeman paintings. 23 Feb. "Signed between 50 to 60 proofs of vignette for West Shore Bonds." 20 Apr. Worked on drawing of "Arms of Dominicana" for ABNCo. (This probably refers to the backs of Dominican Republic PS101-107.) 1 May. Annie's birthday. 4 Aug. Setting up "dark room" and paid bill for camera and chemicals. 22 Sept. Signed Bridgman [sic] proofs. 17 Nov. Began drawing "A Well, with figures, City of Mexico" for ABNCo. 18 Nov. Worked on "Well in the City of Mexico." 23 Nov. "Started enlarging, by squares, the figure of the Pulque Gather for ABNCo." (See Gathering Pulque 10 pesos, PS210 eng. by Alfred Jones.) Went to ABNCo "with drawing of City of Mexico, Well & Water Carriers." (This could refer to 20 pesos, PS165.) Deposited $75 just received from ABNCo. 26 Nov. Worked on drawing for ABNCo--Mexican woman in boat with market veg- etables," enlarged from small photo. (See C-300) 3 Dec. Gathered material for drawing of Statue of Liberty for ABNCo. 4 Dec. First sketch of Statue of Liberty. (This could refer to the image engraved by James Smillie.) 1887 5 Feb. [Brother] Will begs me to do work for ABNCo. 7 Feb. Selected some of Father's working proofs for Uncle Willie. 10 Feb. Made tracing of photo of "S.A. View" for ABNCo. 11 Feb. Worked on Potosi drawing for ABNCo. (This probably refers to the pre- ceding "S.A. View" and could be either 100 bol., PS226 or PS136.) 12 Feb. Finished preceding. 15 Feb. Worked on large Locomotive drawing for ABNCo. 1 Mar. Worked on vignette of a "Train of Sleeping & Drawing Room Cars" for ABNCo. 12 Mar. Made changes on preceding. 14 Mar. Worked on drawing of some [Iron] Mills for ABNCo. 15 Mar. Worked on drawing "Woodstock [Alabama] Iron Mills" vignette for ABNCo. 23 Mar. To American Express with Arms drawing for Uncle Willie. Began work on drawing of View of Brooklyn Bridge for ABNCo. 24 Mar. Trouble with washes of Brooklyn Bridge drawing on cardboard not Bristol board. 28 Apr. Worked on View of "Po'K" [Poughkeepsie] Bridge for ABNCo. "Made lit- tle progress, the work is so very distasteful to me." 10 May. Made new study of Statue of Liberty. 16 May. [Brother] Will sent Brooklyn Bridge drawing back for slight changes. 21 June. Worked on "one of 3 S.A. drawings" for ABNCo. 24 June. Mother died. 4 July. Began drawing of Quito Theatre for ABNCo. 8 July. Second son was born. (During this period J.D. Smillie ofter mentions his difficulty in working on ABNCo material.) 9 Nov. At ABNCo to select some S.A. photos for drawings. 12 Nov. Finished drawing of The Casa Grande--Arizona for ABNCo. 14 Nov. Worked on drawing of "Botafoco" for ABNCo. Finished it. 15 Nov. Worked on drawing of Petropolis Palais Imperial for ABNCo. 28 Nov. Worked on drawing of "S.A. Street Scene & Water Cart" for ABNCo. 1888 20 Jan. Brother Will died. 23 Jan. Brother Will was buried. 2 Feb. Renovated printing press was delivered. 7 Feb. Worked on drawing of Banco de Cuba for ABNCo. 14 Feb. Worked on drawing of "Ox Train--The Halt" for ABNCo. (This could refer to South American Ox Team on Argentina 10 pesos, PS539 eng. by H. Beckwith.) 23 Feb. To ABNCo with "Six Ox-Team at Rest." 8 Mar. Saw [T.H.] Freeland at ABNCo, just returned from Brazil. (T.H. Kagin's 98 Main Street #201 Tiburon, CA 94920 1-888-8KAGINS www.kagins.com Kagins@earthlink.net Is proud to continue the legacy begun in 1933 Specializing in Quality and Rare U.S. Currency U.S. Large Size Fractionals U.S. Small Size Nationals National Gold Bank Notes Kagin's -- an established name for conservative grading of quality notes. We specialize in building U.S. currency collections of premium quality and rare notes. Favorable terms to suit your individual needs. Fr. 259-265 $5 Series 1886 Silver Certificate Back The face features the head of Ulysses S. Grant, 18th President of the United States. Unlike most notes, this note gained popularity because of its back design. Five Morgan silver dollars, dated 1886, fill the entire back of the note. Because the reverse of four of the dollars is shown, the phrase, "In God We Trust" is seen on U.S. currency for the first time. Not until 1957 was this motto adopted for use on U.S. Currency. Judith Kagin Don Kagin PAPER MONEY • July/August 2001 • Whole No. 214 261 The little Joker, #725 262 July/August 2001 • Whole No. 214 • PAPER MONEY Freeland was a trustee 1870-1911 and treasurer 1886-1903.) 22 Aug. Began drawing of "Place Dom. Pedro II" for ABNCo. 29 Aug. Finished preceding. 9 Nov. Started drawing of Statue of Dom Pedro I. (This refers to Brazil 1 mil reis (back), P5 & A255. 15 Nov. Finished preceding. 1889 (Nothing on microfilm) 1890 25 Mar. Worked on drawing of Union Trust Company Building for ABNCo. 15 Apr. [Luigi] Delnoce paid a visit, first in about 10 years. 21 Apr. Took drawing of Union Trust Company Building to ABNCo; very satisfacto- ry. 30 Apr. $150 payment for preceding. (With no decimal, we can assume it was probably $15.) 27 May. Worked on tracing for drawing of Pernambuco [Brazil] for ABNCo. 31 May. Corrected Union Trust Company and Pernambuco; received $75. 11 Sept. Wrote to George at Kendall Engraving Co. 24 Nov. Met with J.P. Morgan and discussed portrait of his father to be done. I left elated. 1891 (Nothing on microfilm) 1892 25 May. Moved contents into storage from my studio 337 Fourth Avenue. 18 June. Sailed to Europe. 30 June. Arrived Genoa, then to Switzerland, France, Germany and England. 1893 4 Sept. Returned home. 3 Nov. Residing at 110 E. 38th St. 1894 16 Jan. 61 years old. 8 July. [Son] Ralph's birthday. 20 Nov. Moved into studio at "No. 36 Broadway." (It is unclear if this refers to room or street number.) 1895 27 Jan. [Wife] Annie died. "A bright beautiful day to this part of our world but to me the darkest day of my life." 3 Feb. Funeral. 25 Mar. Met with Andrew Carnegie. 8 July. Ralph's birthday. 29 Oct. Moved to new studio at 156 E. 36th St. NYC. 1896 9 Feb. Met with [Elihu] Vedder. He liked [George] Maynard's rooms, says he will occupy them while in NY. Maynard in Washington now working on Congressional Library decorations. (Vedder also did paintings at the Congressional Library. G. Maynard submitted designs for Series 1896 Silver Certificates; the designs were unaccepted.) 4 Mar. Repaired a painting by J.W. Ehninger that was given to me. (Ehninger, artist and illustrator, also created artwork for bank notes.) 8 July. Ralph's 9th birthday. (From this time forward there is no recorded work, and few entries in the diaries.) 1897 1 Oct. 29 Oct. 1898 14 Oct. 1899 21 Dec. Letter from [Henry] Beckwith in London; he returned on Oct. 6 or 7. To Astoria Hotel [NYC] at 5th Ave. and 34th St. Disappointed in murals by [Edwin] Blashfield. (E. Blashfield designed the Series 1896 $2 Silver Certificate.) Maynard called in the afternoon. To NY New Appellate Court Building to see mural decorations by "Blashfield, [Kenyon] Cox, etc." (Kenyon Cox designed the back of the PAPER MONEY • July/August 2001 • Whole No. 214 263 rE A ST MA ptEod. BUYING AND SELLING PAPER MONEY U.S., All types Thousands of Nationals, Large and Small, Silver Certificates, U.S. Notes, Gold Certificates, Treasury Notes, Federal Reserve Notes, Fractional, Continental, Colonial, Obsoletes, Depression Scrip, Checks, Stocks, etc. Foreign Notes from over 250 Countries Paper Money Books and Supplies Send us your Want List ... or ... Ship your material for a fair offer I IAN —.7"`*"o ItrT Cuarrb Vollito ,,,, I . 4..... oRd s..1. k's 'c. A .„. , I For Sale • POR • Serious Inquiries OnlyChance of a lifetime • Entire collection as 1 lot259 Notes, including 113 UNL, 103 R-7 250+ checks, stocks, stamps, etc. I ICounterfeit detectors, scrapbooks,stereoviews, 3 CWT (NY760A-1d CN R-7)Items to be illustrated in forthcoming series/book LOWELL C. HORWEDEL P.O. BOX 2395 WEST LAFAYETTE, IN 47996 Fred Reed P.O. Box 118162 Carrollton, TX 75011-8162 e-mail: freed3@airmail.net SPMC #2907 (765) 583-2748 ANA LM #1503 r Buying & Selling All Choice to Gem CU Fractional Currency Paying Over Bid Please Call: 916-687-7219 ROB'S COINS & CURRENCY P.O. Box 303 Wilton, CA 95693 L 264 July/August 2001 • Whole No. 214 • PAPER MONEY $100 Federal Reserve Note, Series 1914, a design intended as a uniform back for small-size notes.) 1900 2 May. Attended funeral of Alfred Jones, who was killed on 28 April. ABNCo people also on train to Yonkers. 1901 22 Jan. 20 May. 21 May. 1902 Queen Victoria died at 6:30 p.m. Father's papers taken to Lenox [New York Public] Library. (Here there is a vague reference to prints given to the Library.) (Nothing on microfilm.) 1903 6 Feb. Ordered stamp "J.D. Smillie Collection" for my proofs for Public Library Deptment [NYC]" made by Buskirk's, 6th Ave. & 34 St. 1904 2 July. To Europe on S.S. Patricia. 13 July. London. 14 July. Hamburg. 16 July. Berlin. 27 July. Potsdam. 28 July. Dresden. 10 Aug. Prague. 11 Aug. Vienna. 13 Aug. Exchanged $25 for 597 kronen & 50 heller. 21 Aug. Salzburg. Thru Germany. 17 Sept. Milan. 19 Sept. Genoa. 22 Sept. S.S. Prinzess Irena to Naples. 5 Oct. Home. 13 Dec. To see Sidney [L.] Smith. (Smith, b.1845, was a commercial engraver, painter and etcher who collaborated with John La Farge in NYC.) [news- paper clipping] 923 prints to NY Public Library, 628 are by James Smillie dated from 1825-1885. 1905 16 Jan. My birthday, "it passed without notice of any kind." 20 Nov. Had proof of The Mill Door framed for nurse Crandell, who attended Father at Presbyterian Hospital. 1906 6 Feb. Took cruise on S.S. Prinzessen Victoria Suisse. 11 Feb. In San Juan, "Porto Rico"--through Caribbean. 4 Mar. Returned. 25 Mar. Wrote to [Frederick] Dielman, [Will] Low and [Francis D.] Millet. (F. Dielman, b. 1847, came to the U.S. from Germany. This artist con- tributed to the mural work in the Library of Congress. Muralist W. Low, 1853-1932, designed the $1 1896 Silver Certificate. Millet, 1846- 1912, exhibited at the National Academy of Design in 1925.) 23 May. Signed lease for Wellesley Apartments on 4th floor, 440 W. End Ave. 1 Oct. Moved into Wellesley. 1907 21 Feb. Aboard S.S. Prinz Etel Friederick through Caribbean and Central America. 22 June. To Europe aboard S.S. President Lincoln: England, Germany, Italy, Brussels. 3 Oct. Home. 1908 16 Jan. 75th birthday. 28 Jan. "I have accomplished nothing this winter. I can be blind to it no longer. I can blame no one but myself. I have been a dawdler when I should have worked." 8 May. To Presbyterian Hospital. "I had pictures taken of my innards." (During this period J.D.S. made only occasional trips to his studio.) 30 June. Aboard S.S. Kaiser William der Grosse. 10 July. London. Attended Olympic Games. 11 nab littprr n.1.111./ •N , • ,C1.1,1.141 Pcd United States Currency P.O. Box 524 New York, N.Y. 10116-0524 Phone 212 989-9108 BEP Money Prints: Great, affordable, genuine prints of our classic and historic money. Lee Quast P.O. Box 1301, High Ridge, MO 63049 Phone 314-276-1162 - Fax 636-376-2992 Aturri-ilour Cr,arbB Nriviworarzims I f:177;s7bs, MY • F 046195914 f; 414 Buying Carl Bambara Selling PAPER MONEY • July/August 2001 • Whole No. 214 4 Aug. Paris. 22 Aug. Antwerp. 29 Aug. Amsterdam [and] Germany. 7 Sept. Aboard S.S. Amerika. 26 Sept. Home. 13 Dec. "Feel very wretched and depressed. I cannot stand our winter weather." 1909 16 Jan. "I was left alone to celebrate my 76 birthday." 18 Mar. Stomach trouble. "I took castor oil cocktail" no help. (There was more pain on subsequent days.) 7 Apr. With [son] Ralph took about 12 proofs to Washington, Prust [sic] Collection in Congressional Library. 16 Apr. "Described the sad condition of my machinery to Dr. Tuttle. It seemed to be amusing to him-- quite otherwise to me." 16 May. Yielding to heat and that tired feeling. To bed. 24 May. Trouble walking. 27 May. Few hours free of stomach pain. 1 July. Took 1/8 gr. of morphine. 11 July. (James D. Smillie refers to kidney pain and kept a record of his temperature for 35 days to show the doctor.) 21 Aug. "The worst day yet." 26 Aug. To Presbyterian Hospital. 7 Sept. Felt a little better. (This is the final diary entry.) Diary entries ended abruptly on the preceding date. James David Smillie died on 14 September 1909; he is buried at Greenwood Cemetery, Brooklyn, New York. 265 Ixoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxo) Q xemx WE PROVIDE THE FOLLOWING TO THE TRADE, AUCTION E .x HOUSES, MUSEUMS AND PRIVATE COLLECTORS: g0 xx0 alx *Professional *Auction x0a x a Consulting Services* Representation* ° 0 x 0 x *Auction Cataloging *Consignment x=X & Research* Brokering* °xx )43 0 X X a BRUCE R. HAGEN xx 9., xx Buying & Selling U.S. Obsolete Currency cm= x X xa) Stock & Bond Certificates • Historical Financial Documents (MX 0 XP.O. Box 836 0)4x 0cp Bowling Green Station, New York, New York 10274-0836 xx a a xx 1-212-721-2028 .x510 By Appointment In New York City °)4x 00 ).(x 0 0 xgxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxoxop, cda SOCIETY PAPER MONE1 COLLECTORS Itie research exchange: a service for SPMC members July/August 2001 • Whole No. 214 • PAPER MONEY266 • New York Obsolete Bank Notes (1784-1866). Researcher requesting info for SPMC state catalog on banking details for NY obsolete notes. All information welcome. At the moment, I am interested in any notes from The Woodstock and Saugerties General Manufacturing Co." at Saugerties. I am looking for infor- mation when the bank opened and for how long, who the President and Cashier were, year of issue of notes, capital at founding, etc. Will gladly reimburse cost and postage of material received. Contact jglynn@zoom.co.uk or John Glynn, 41 St. Agnells Lane, Hemel Hempstead, Herts HP2 7ax, England • Macerated Money. Wanted any information that would help in publishing a book on items made between 1874-1940 out of chopped up U.S. currency. Who made the products, where sold, etc.? Any help appreciated. Contact Bertram M. Cohen, 169 Marborough St., Boston, MA 02116-1830 or marblebert@aol.com • Eastman College Currency. Authors jointly revising current cat- alog of Eastman notes. New listing will apper in Paper Money serially and subsequently as a separate pamphlet. Wanted xeroxes of unlisted notes, or census data of your current hold- ings. Contributors will be acknowledged or kept confidential, as you desire. Contact Fred Reed, P.O. Box 793941, Dallas, TX 75379-3941 or freed3@airmail.net or Austin Sheheen, P.O. Box 428, Camden, SC 29020 • FNB of Groton, NY (Charter #1083). Wanted illustrations for article in Paper Money. Contact Karl S. Kabelac, 105 Raleigh St. Rochester, NY 14620-4121 or kkabela1@rochester.rr.com • New York County and town Civil War bounty bonds information wanted. Also information on railroad and turnpike bonds and financing. Contact donfarr@prodigy.net or Don Farr, 19701 SW 110th Ct #837, Miami, FL 33157. • Newfoundland Notes. I am looking for photos for my book on Banking in Newfoundland. Any help will be appreciated. Steve Doucette. Contact douce@roadrunner.nf.net • FNB of Albia, IA (Charter #1799). Seek illustrations of National Bank Notes signed by Caroline B. Drake, president of the bank 1903-04, for article in Paper Money. Contact Karl S. Kabelac, 105 Raleigh St. Rochester, NY 14620-4121 or kkabela1@rochester.rr.com • Delaware Obsolete Bank Notes and Scrip. SPMC state catalog researcher seeks information on existing notes, including serial and plate numbers. Records of other Delaware material such as old lottery tickets, vignettes used on Delaware notes, Colonials and National Currency are also being kept for popula- tion statistics. Will gladly pay any copying costs and postage for pictures of your Delaware material. All contacts will remain confi- dential. Contact napknrng@dmv.com or Terry A. Bryan, 189 South Fairfield Drive, Dover, DE 19901-5756. • Bank of Pennsylvania. Obsolete bank notes, checks, stock cer- tificates and related items. Researcher attempting to document & catalog all items from bank. I would appreciate photocopies and/or descriptions of any items that you have. I would also appreciate information on officers or stockholders of this bank. All information will be kept in strictest confidence if you desire. Contributors will be sent a copy of my census when I am finished. Write to David Knower, Route 1, Box 218, Ferryville, WI 54628. • Cecil National Bank, Port Deposit MD and National Bank of Elkton MD. Seek illustrations of National Bank Notes signed by E.S.Tome (after 1903, E.S. France) President of these banks from 1898 to 1906 for article in Paper Money. Contact Karl S. Kabelac,105 Raleigh Street, Rochester NY 14620-4121 or kkabela1@rochester.rr.com • Bank of Cape Fear. Author of new book about Bank of Cape Fear, Wilmington, NC, requests information especially photo- copies of the following: (1) fractional currency; (2) $1 and $2 notes, particularly the years of issue, (3) counterfeit and spurious notes, and (4) information about the bank and its leadership from 1820 to 1840. Contact rneale@compuserve.com or Robert S. Neale, P.O. Box. 4232, Wilmington, NC 28406-1232. Ali)/ fractional Note. AllY Condition The Fractional Store at frac lona notes-so= will buy, trade, consign or upgrade any United States Fractional Currency Note in your collection. Silver Penny Currency and Coins, Ltd. Post Office Box 339, Red Feather Lakes, CO 80545 Toll Free: 1-877-204-5220 email: silverpennycoins@yahoo.com URL: www.fractionalnotes.corn CASHIERIS CHECK. MECHANICS -AMERICAN NATIONAL BANK CAPITAL $2,000.000. SURPLUS $ 2.500.000 ST. LOUIS. HOVEN B_ER1, 1907 rm. 72 PAY T THE OPDEP ONE PAYABLE THROUGH St lout CO U NTERS I GNED DOLL A RS F,,,den■ BE G HOUSE ONLY. PAPER MONEY • July/August 2001 • Whole No. 214 267 Singular Specimen Emergency Currency of the Financial Crisis of 1907 By Ronald L. Horstman G( A N INCONVERTIBLE PAPER MONEY ISSUED without the sanction of law, an anachronism in our time, yet necessitated by conditions for which our own bank- ing laws did not provide," was leading national economist, A. Piatt Andrew's description given for the scrip issued in 1907. In the fall of 1907, the U.S. economy was quite robust, and the demand for money was exceptionally strong. Flow- ever, a shortage of paper money threatened the business community. National Bank Note currency, because it was inherently inelastic, offered no provision to expand or con- tract with the needs of trade. The nation experienced its most extensive and prolonged breakdown of the credit mech- anism as first banks in New York City and later through- out the country were forced to issue scrip in small denominations, payable through the local clearing house, to carry on the every day commerce. In the St. Louis area, four National Banks issued a com- bined total of $3 million dollars' worth of scrip in the form of cashier's checks in denominations of $1, $5 and $10. These checks were of three types. One group of cheeks were "payable to the bearer." A second type was payable to a partic- ular bank officer at the bank which issued them. Still others were payable to "John Smith or bearer." The checks first appeared in circulation in early November of 1907, and continued in service through the Christmas holidays. Their use subsided substantially in early 1908, and by February of that year the checks had disappeared from circulation. A provision in the National Bank Act specifically forbade National Banks from issuing "any other notes to circulate as money than such are authorized by the pro- visions of this title." National banks Opening day, July 7, 1919, First National Bank, Broadway and Locust, formerly the Mechanics-American bank building. commonly issued cashier's checks, so the Law was not violated -- bent, perhaps, but not broken. This brings us to a singular specimen, a survivor of this emer- gency currency from the Mechanics-American National Bank of St. Louis illustrated above. Cashier's Check number 72, illus- trated here, was not redeemed with the others, but was quar- ter-folded and filed away. Perhaps it was originally kept as a souvenir, but we see that it was, in fact, called back into service during the Great Depression! This check was cashed, and stamped "PAID" on February 10, 1933, just a few days before the newly-elected President of the United States, Franklin Delano Roosevelt, declared a Bank Holiday! Perhaps the proceeds from this cheek were used to buy food or warm clothing for children, well never know. But the creativity of the banking community in 1907 created a nego- tiable instrument which, after 25 years of seclusion, finally served its original purpose. It is also quite important to point out that the bank which issued this check in 1907 no longer existed when the check was cashed in 1933! On July 7, 1919, the Mechanics - American National Bank, Third National Bank, and the St. Louis Union National Bank (formerly St. Louis Union Trust Company) merged to become First National Bank in St. Louis. Despite this merger, the obligation of the predecessor bank to "pay on demand" was honored. Had it not been for two indi- viduals, the person who saved the check originally, and someone at First National Bank who saved this check AGAIN, this important numismatic item would not still be in existence for the collector today. REFERENCES Andrew, A. Piatt. Substitutes for Cash in the Panic of 1907. New York (1908). Cannon, James. Clearing House Loan Certificates and Substitutes for Money used During the Panic of 1907. New York (1910). St. Louis Republican, October 28, 1907; November 2, 1907; November 15, 1907; December 28, 1907; February 7, 1908. NEW MEMBERS MEMBERSHIP DIRECTOR Frank Clark P.O. Box 117060 Carrollton, TX 7501 1 SPMC NEW MEMBERS -- 03/16/2001 10211 Daniel Weissman, 27 Surrey Rd, Stamford, CT 06903 (C, U.S.), Frank Clark 10212 Darwin C. James, 16230 Gordon Ave, Fraser, MI 48026 (C, U.S. & Canadian), Fred Reed 10213 Dieter H. Kaltz, P.O. Box 574, South Barre, VT 05670- 0574 (C & D, Nationals), Tom Minerley 10214 Jack Secrest, 2620 S. Maryland Pkwy #585, Las Vegas, NV 89109 (C), Frank Viskup 10215 Thomas A. Kuss, 328 N Plum St, Springfield, OH 45504-2554 (C, Nationals & Small), Frank Clark 10216 Larry Stetter, 3051N 550W, Jasper, IN 47546 (C, U.S.), Hugh Shull 10217 George Ahrens, 11 Church Terrace, Belleville, NJ 07109 (C & D, Large & Small), Website 10218 Stephen Perakis, P.O. Box 391, Lima, PA 19037 (C & D, Large & Small, Nationals, Fractional, Obsoletes), Torn Denly 10219 T.C. Clark, 175 Ardmore Rd, Kensington, CA 94707- 1310 (C & D, Fractionals, Colonial, Large, Sheets, Proofs, Specimens), Website 10220 Dennis Frittz, 102 Sir John Way, Seaford, VA 23696 (C, Nationals), Website 10221 Melvin M. Hoffman, 2400 W. Magnolia Blvd, Burbank, CA 91506 (C, Errors), Frank Viskup 10222 James F. Looby, 6058 Lost Creek Dr, Corpus Christi, TX 78413 (C, Small, Stars, Webs), Fred Reed 10223 Thomas J. Miller, 1119 Red Wing Tr, DePere, WI 54115 (C), Tom Denly 10224 Will Garcia, 3914 Murphy Canyon Rd #120, San Diego, CA 92123 (C, Large & Nationals), Website 1022$ Joseph Calta, 274 Willow Dell Ln, Leola, PA 17540 (C, Fractional & Large), Frank Clark 10226 Patrick Duggan, 47 Scenic Rd, Fairfax, CA 94901 (C), Website 10227 Joseph M. Bissell, PMB 146, 10645 N. Tatum Blvd Suite #200, Phoenix, AZ 85028 (C, Large & Small), Website 10228 David Chermesino, P.O. Box 8672, JFK Station, Boston, MA 02114 (D), Frank Clark 10229 Thomas Bromirski, 570 Carson Ave, Perth Amboy, NJ 08861 (C, NJ Colonials, Perth Amboy Obsoletes, & Scrip), Website 10230 Arthur J. Rossi, Jr., (C), Website 10231 Dale A. Richey, P.O. Box 8258, Lumberton, TX 77657 (C & D, U.S.), Website 10232 Carl J. Strohsack, 3466 Willow Pass Rd #39, Concord, CA 94519 (C, Large & Small), Frank Viskup 10233 James Halliday, 247 RT 627, Milford, NJ 08848- 9715 (C), Fred Reed 10234 William Frey, 2100 Wenonah, Berwyn, IL 60402- 1667 (C, Foreign, Engravers, Designers), Fred Reed 10235 Gary Rutenberg (C), Website SPMC NEW MEMBERS - 04/04/2001 10236 Mitchell L. Boyer, 2 Natchez Trace, Harvey, LA July/August 2001 • Whole No. 214 • PAPER MONEY 70058 (C, Large), Torn Denly 10237 Hermon D. Cannon, PO Box 1482, Talent, OR 97540 (C, Large Type & Small Size $1's), Tom Denly 10238 Jack Zele, 898 Ave C, Ely, NV 89301 (C), Frank Viskup 10239 Joaquin Gil del Real, PO Box 1340, Burbank, CA 91507-1340 (C, Panama, US $1 & $2 Notes), Fred Reed 10240 Carl Pietroboni, 2645 Manning St, Ambridge, PA, 15003 (C, US), Website 10241 Ronald P. Watson (C), Website 10242 Steve Noyes, 14 Epping St Apt 7, Raymond, NH 03077 (C, Large & Obsoletes), Tom Denly 10243 Paul D. Merrill Sr., RR#3 170 Waterview Rd, Cobden, Ontario KOJ 1KO, Canada (C, 1899-1917 $1's, $2's, $5's & $10's), J. Phillip Elam 10244 Gordon Paul Owens, PO Box 6147, Canton, OH 44706 (C, Small), Frank Viskup 10245 Dan Beard, 307 31st Ave North #2, Nashville, TN 37203 (C), Frank Clark 10246 Kevin Flaherty, 204 Tucker St #6, Hiawatha, IA 52233 (C, Large & Small, Fractional), Tom Denly 10247 James H. Adams, 1607 Birch St, Baraboo, WI 53913 (C), Bank Note Reporter 10248 Gary L. Wolfe (C), Website 10249 Carl A. Davis, Jr., 131 Loraine Forest Dr, Macon, GA 31210-5318 (C, GA Nationals), John A. Parker 10250 James W. Davis, Jr., 1914 South 53rd St, Temple, TX 76504-6408 (C, All), Website 10251 Kenneth L. Menear, 420 Major Andre Rd, Virginia Beach, VA 23462-3127 (C, All, Fractional, CSA), Website 10252 John Scyphers (C & D), Website LIFE MEMBERSHIP LM333 Michael S. "Stan" Turrini, 205 Alvarado Ave, Vallejo, CA 94590-3337 (C), Michael J. Fiore DECEASED Richard DeRobertis #6415 SPMC NEW MEMBERS - 05/14/2001 10253 Anthony J. Iurica (C), Website 10254 Jamie J. Yakes, 2229 Wilson Rd, Pt. Pleasant, NJ 08742 (C, US Type), Website 10255 Alfred Corse, 2264 SW Lawrence St, Port St. Lucie, FL 34953 (C), Fred Reed 10256 Michael A. Tucker, PO Box 1046, Madison, VA 22727- 1046 (C), Frank Clark 10257 Samuel T. Young, 104 Plantation Dr, Nitro, WV 25143 (C), BNR 10258 Tom Knight, 3630 Joretta Ave, Paducah, KY 42001 (C, CSA, Southern States obsoletes, MPC), Hugh Shull 10259 William Sharpe, 5127 Highland Ave, St. Louis, MO 63113-1103, (C, US & Canada), Frank Viskup 10260 Robert Wall, 346 Ruby Ln, Montreal, MO 65591 (C, US), Frank Viskup 10261 Ed Herman, PO Box 8723, Mobile, AL 36608 (C), Fred Reed 10262 William Ziegman, 150 Clement Ave, Akron, OH 44319 (C), Fred Reed 10263 Michael Gregor, 15663 Rt 8 Smiley Hill, Union City, PA 16438 (C, US & Foreign), Tom Denly 10264 Marc Rosaaen, 2005 Pine Ct, Daly City, CA 94014- 3501 (C), Tom Denly 10265 Michael Downey (C), Website 10266 Thomas Kaczar, 39 Little John Dr, Medford, NJ 08055 (C, Nationals, Fractionals, Large), Website (Continued on Page 270) 268 MYLAR D CURRENCY HOLDERS PRICED AS FOLLOWS BANK NOTE AND CHECK HOLDERS SIZE INCHES 50 100 500 1000 Fractional 43/4 x 3 3/4 $17.75 $32.50 $147.00 $255.00 Colonial 5 1/2 x 3 1 /16 18.75 35.00 159.00 295.00 Small Currency 6 5/8 x 2 7/8 19.00 36.50 163.00 305.00 Large Currency 7 1 /s x 3 1/2 23.00 42.50 195.00 365.00 Auction 9 x 3 3/4 26.75 50.00 243.00 439.00 Foreign Currency 8 x 5 30.00 56.00 256.00 460.00 Checks 9 5/s x 4 1 /4 28.25 52.50 240.00 444.00 SHEET HOLDERS SIZE INCHES 10 50 100 250 Obsolete Sheet End Open 8 3/4 x 14 1 /2 $13.00 $60.00 $100.00 $230.00 National Sheet Side Open 8 Vs x 17 V2 25.00 100.00 180.00 425.00 Stock Certificate End Open 9 1/, x 12 1/2 12.50 57.50 95.00 212.50 Map & Bond Size End Open 18 x 24 48.00 225.00 370.00 850.00 You may assort note holders for best price (min. 50 pcs. one size). You may assort sheet holders for best price (min. 5 pcs. one size) (min. 10 pcs. total). SHIPPING IN THE U.S. (PARCEL POST) FREE OF CHARGE Mylar is a Registered Trademark of the Dupont Corporation. This also applies to uncoated archival quality My'aro Type D by the Dupont Corp. or the equivalent material by ICI Industries Corp. Mel nex Type 516. DENLY'S OF BOSTON P.O. Box 1010, Boston, MA 02205 • 617-482-8477 ORDERS ONLY: 800-HI-DENLY • FAX 617-357-8163 VISIT MY WEB PAGE AT WWW.KYZIVATCURRENCY.COM FOR A GOOD SELECTION OF NOTES CONSERVATIVELY GRADED AND REASONABLY PRICED FOR THE COLLECTOR NATIONAL BANK NOTES LARGE SIZE TYPE SMALL SIZE TYPE STAR NOTES WEBS MISCELLANEOUS?? TIM KYZIVAT (708) 784-0974 PCDA, SPMC WANTED: NATIONAL BANK NOTES Buying and Selling Nationals from all states. Price lists are not available. Please send your want list. Paying collector prices for better California notes! WILLIAM LITT P.O. BOX 1161 Fremont, California 94538 (510) 490-1751 Fax: 9510) 490-1753 E-mail: BillLitt@aol.com Member SPMC, PCDA, ANA PAPER MONEY • July/August 2001 • Whole No. 214 769 Judith & Claud Murphy We Buy & Sell Paper Money, checks, bonds, stocks, letters, old postcards, stereoviews, cdv's If it's old and it's paper, we have it! Box 24056 Winston-Salem, NC 27114 336-699-3551 fax: 336-699-2359 e-mail: MurphAssoc@aol.com www.murphyenterprises.com L J r MORE NEW MEMBERS 10267 John W. Marchildon, PO Box 5341, Phoenix, AZ 85010 (C), Website 10268 Dale R. Phelan, 25 Saint Andrew Dr, Pinehurst, NC 28374-8321 (C), Fred Reed 10269 William PO Box 823, Forcsthill, CA 95636 (C, Large, Stars, Low Numbers), Frank Clark 10270 Herb Knittle, 1618 42nd Ave East, Seattle, WA 98112- 3216 (C), BNR 10271 Edward Lewandowski, 8610 Columbia, Dearborn Heights, MI 48127-1008 (C, All), Tom Denly 10272 Peter Coulston, PO Box 471, Cardiff, CA 92007-0471 (C, US, Pasadena Nationals, Stocks, Bonds, Obsoletes, Foreign), Arri Jacob J10273 Peter Treglia, 30 Oak Hill Rd, Waltham, MA 02451 (C), Website 10274 Ann Karnick, 122 Queen Anne Rd, Bogata, NJ 07603 (C, Colonials, Continentals), Frank Clark 10275 Frank Crowe, 2811 Ringgold Ct, Woodbridge, VA 22192 (C), Frank Clark 10276 Orton Cowles (C), Website 10277 Danny Gauthier, 13833 Tuckborough Rd, Baton Rouge, LA 70810-3401 (C, US, Silver Certificates, Star Notes), Website 10278 Kurt Jacoboni, PO Box 218, Lakeland, MI 48143-0218 (C, Fractional, CSA Bonds, Southern State Obsoletes), Fred Reed 10279 Michael J. O'Brien, 290 Westfield Way, Pewaukee, WI 53072 (C, Large & Errors), Tom Denly 10280 Michael Gervascio, 39038 9th Ave, Zephyrhills, FL 33540 (C, Nationals, Legal Tenders), Tom Denly 10281 Jerry Martin, PO Box 2367, Conroe, TX 77305 (C, All US & World), Website 10282 Peter W. Jones, 213 12th Ave, Huntington, WV 25701 (C, US, Obsoletes, Nationals, Stocks & Bonds), Website 10283 Randy L. Sullivan, dba Capital Currency, Inc., PO Box 361632, Melbourne, FL 32936-1632 (D), Website 10284 Ronald Rojas PhD, 162 Narragansett St, Gorham, ME 04038-1210 (C, Large, Fractional, CSA, All), J. Phillip Elam 10285 Joseph D. Olson, PO Box 7024, Waco, TX 76712 (C & D, US, Texana, Obsoletes, Ephemera), Fred Reed LIFE MEMBERSHIP LM334 Carl J. Burregi, 2608 Crestwood Rd, Marrero, LA 70072 (C, Small, Large, CSA, Obsoletes), Frank Clark Letter to the Editor I very much enjoyed seeing old friends in the 40th anniversary issue of Paper Money. Congratulations. I believe you can add these men to your list of SPMC D.C. Wismer Award winners: 1965-Robert E. Medlar; 1966-Pierre Palmentier; 1967-George Wait; 1968-Arlie Slabaugh; 1976- Dr. Radford Stearns. I was certain there were more because mine has been hanging on the wall all these years. Please add this additional data to a forthcoming issue of Paper Money. + -- Arlie Slain/ugh. SPMC #32 Thanks, Arlie for filling in some gaps. We've added your input to our records and public!) it here for readers' information. -- Editor July/August 2001 • Whole No. 214 • PAPER MONEY Ad Deadline July 15th T AST ISSUE WE ANNOUNCED THE UPCOMING special September/October International Issue of Paper Money. Our authors have been busy preparing significant fea- tures and introductory articles on worldwide topics. Every reader of this magazine is sure to find something of interest or at least a chance to discover something new. We hope the issue will also become a marketplace for willing sellers and avid buyers of international items. Think of it as Paper Money's Annual Fall Bazaar. We're inviting our dealer members to offer notes to both specialists and generalists, vet- eran and novice international collectors alike. Contact Ad Manager Bob Schreiner or the Editor for details. We're both willing to help you sell your notes. Limited Edition Purchasers In February we offered hardbound copies of SPMC's 40th anniversary issue for sale. They were impressed with the Society Seal and numbered. For the record, these were the purchasers of this rare volume: #1-Frank Clark, #2-Fred Reed, #3-Tom O'Mara, #4-Alec N. Aspiotis, #5-John Ferreri, #6-John Ferreri, #7-Robert Galiette, (Unnumbered) Bob Cochran, #9-Darwin James, #10-Mark Anderson, #11-Mark Anderson, #12 -Michael Niebruegge, #13-Wendell Wolka, #14-Wendell Wolka, #15-David D. Gladfelter, #16-Peter Pallas, #33-Tom Conklin, #18-Benny Bolin, #19-Forrest Daniel, #20-Jack Vorhies. An additional five copies were bound for the Library and the use of the Executive Board. Concise Articles Wanted Your Editor has ongoing need for short, concise articles. I have expressed this continuously in these pages without gen- erating much enthusiasm from new authors. I don't view such material as "filler." To me, an author who can write concisely about a single note, a syngraphic insight, or similar short take on our great hobby is a gem, indeed. Look at the talented authors who consistently fill these pages with excellent, brief articles: Frank Clark, Gene Hessler, Bob Cochran, Forrest Daniel, Peter Huntoon, Ron Horstman. All continue to pro- vide a steady stream of shorter items which are the backbone of this magazine. These are standbys which make Paper Money a quality journal issue-by-issue, year-in year-out. Although they are surely capable of producing blockbusters (and do so occasionally), their willingness to complement major articles issue after issue assures them repeated bylines and readers a well balanced presentation each time out. I have immediate need for a dozen page or less articles. Who'll rise to the challenge and join their tribe? Type a page; send an illustration or two; and we'll all enjoy the results. • 270 q• a Nam MEMBER ANA HARRY IS BUYING NATIONALS — LARGE AND SMALL UNCUT SHEETS TYPE NOTES UNUSUAL SERIAL NUMBERS OBSOLETES ERRORS HARRY E. JONES PO Box 30369 Cleveland, Ohio 44130 1-440-234-3330 I COLLECT MINNESOTA OBSOLETE CURRENCY and NATIONAL BANK NOTES Please offer what you have for sale. Charles C. Parrish P.O. Box 481 Rosemount, Minnesota 55068 (651) 423-1039 SPMC LM 114—PCDA—LM ANA Since 1976 ; rg, AD INDEX AMERICAN SOCIETY OF CHECK COLLECTORS BART, FREDERICK J. BOMBARA, CARL BOWERS & MERENA GALLERIES BUCKMAN, N.B. CURRENCY AUCTION.COM DENLY'S OF BOSTON EARLY AMERICAN NUMISMATICS HAGEN, BRUCE HOOBER, RICHARD T. HORDWEDEL, LOWELL C HUNTOON, PETER JONES, HARRY KAGIN, A.M KAGIN'S KNIGHT, LYN KRAUSE PUBLICATIONS KYZIVAT, TIM LITT, WILLIAM LITTLETON COIN CO. MORYCZ, STANLEY MURPHY, JUDITH & CLAUD NAPLES BANK NOTE COMPANY OREGON PAPER MONEY EXCHANGE PARRISH, CHARLES C. POLLS, JAMES POMEX, STEVE QUAST, LEE REED, FRED ROB'S COINS & CURRENCY SHULL, HUGH SILVER PENNY COINS SLUSZKIEWICZ, TOM SMYTHE, R M STACK'S YOUNGERMAN, WILLIAM, INC. 246 257 265 IBC 257 272 269 259 265 257 263 263 271 251 6 245 OBC 269 269 255 243 269 249 257 271 271 257 265 263 263 234 266 257 IFC 252-253 259 PAPER MONEY • July/August 2001 • Whole No. 214 Buying & Selling Quality Collector Currency • Colonial & Continental Currency • Fractional Currency • Confederate & Southern States Currency • Confederate Bonds • Large Size & Small Size Currency Always BUYING All of the Above Call or Ship for Best Offer Free Pricelist Available Upon Request James Polis 4501 Connecticut Avenue NW Suite 306 Washington, DC 20008 (202) 363-6650 Fax: (202) 363-4712 E-mail: Jpolis7935@aol.com Member: SPMC, FCCB, ANA 271 27 July/August 2001 • Whole No. 214 • PAPER MONEY er RE5 Wm exc www.HeritageCoin.com • www.CurrencyAuction.com NO BUYER'S FEE! SALES CLOSE THE 15TH & 30TH OF EVERY MONTH. '.,. I l' '■ . •11" 1 1 . 11 ..... 11L: 1144 Holli Hughes, at Ext. 283 ..„. (holli@currencyauction.corn) i Dustin Johnston, at Ext. 302 (djohnston@heritagecoin.com ) Contact us today_ 1-800-US COINS 24-hour voice mail available at all extensions AMERICA'S CONVENTION AUCTIONEER ERITAGE NUMISMATIC AUCTIONS, INC. Steve Ivy Jim Hainaut Greg Rohan Heritage Plaza, 100 Highland Park Village, 2nd Floor • Dallas, Texas 75205-2788 1-800-US COINS (872-6467) • 214-528-3500 • FAX: 214-443-8425 www.HeritageCoin.com • e-mail: bids@heritagecoin.com www.CurrencyAuction.com • e-mail: notes@currencyauction.com 'ZIstitc0 *t4ite6 ovrauttEspe A $5 Federal Reserve Bank note. F-782* in EF realized $7,150. A $100 One-Year Note, believed to be unique, realized $8,250. Moititean Naliona ealize Top Market Price for Your Paper Money! The currency market is hot! In recent months we have seen a tremendous amount of buying activity and invite you to jump on the bandwagon. Consider selling your important notes and currency items in one of our upcoming auctions to be held in New York City or in conjunction with the Suburban Washington/Baltimore Convention. The same bidders who helped set world record prices in our recent sales will compete for your currency items as well. Call Q. David Bowers, Chairman of the Board, or John Pack, Auction Manager, at 1-800-458-4646 to reserve a space for your material. We can even provide a cash advance if you desire. It may be the most financially rewarding decision you have ever made. A cut sheet of four $10 Legal Tender notes. F-123 in Average New to Choice New realized $17,600. A $10 Silver Certificate. F-1700 in Gem New realized $8,800. An Interest Bearing $5,000 Proof Note realized $11,000. An Uncirculated Lazy Two $2 note from the State of Missouri, Town of California realized $4,840.Auctions by Bowers and Merena, Inc. Box 1224 • Wolfeboro, NH 03894 • 800-458-4646 • FAX: 603-569-5319 • www.bowersandmerena.com Or visit and order from our secure web site: www.krausebooks.com Dealers can call toll-free 888-457-2873 ext 880, Mon-Fri 8 a.m. - 5 p.m. 19th edition standard catalog of general issues volume two i1dfted by Nett Shafer & Conn R. Brace It By Chester L. Krause and Robert F. Lemke Joel T. Edler, Editor i1■54/1molteksalAwsms NATIONAL BANK NOTES • LARGE & SMALL SIZE BY SERIES • FRACTIONAL CURRENCY • ERROR NOTES • M.P.C. • POSTAGE STAMP ENVELOPES • ENCASED POSTAGE .anu.spoie ISLANDS COMMONWEALTH ISSUES NeN87• PRE-CIVIL WAR U.S. NOTES • GUIDE TO AUTEIEN14.- Editions Shipping and Handling: $3.25 1st book, $2 ea addl. Foreign orders $15 per shipment plus $5 95 per book. Sales tax: CA, IA, IL, PA, TN, VA, WA, WI residents please add appropriate sales tax . SATISFACTION GUARANTEE If for any reason you are not completely satisfied with your purchase, simply return it within 14 days and receive a full refund, less,shipping. are Call 800-258-0929 Mon-Fri, 7 am. - 8 p.m. • Sat, 8 am. - 2 p.m., CST Mail to: Krause Publications, Offer N89S PO Box 5009 Iola, WI 54945-5009 To receive a FREE all-products catalog or to place a credit card order, Offer N89S STANDARD CATALOG OF 1 0770 I RP..ft fatt1 .11C46 1.9.32 •