Paper Money - Vol. XLVIII, No. 4 - Whole No. 262 - July - August 2009

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Home Benefits of Membership The Sr of Paper Money Collectors P mx:11 : 1 ' Welcome! kir41 l'WV.It MONEYt* (01.1.1.(Toltirtie Society of Paper Money Collectors, Inc. was formed in 1961 and has over 1,750 members from around the world. INC- Membership is open to anyone interested in paper money or related areas such as checks, stocks, engravings, and other ) mil1W fiscal ephemera. A Library is maintained for members' use. Publishing programs are maintained for several areas of interest in U.S. paper money...obsolete bank notes issued prior to and during the Civil War, and National bank notes, issued from 1863 to 1935. Tom Bain Raffle and Awards Breakfast--Memphis 2009 SPMC General Membership Meeting--Memphis 2009 6th Annual SPMC Author's Forum--Memphis 2009 Paper Money Classes at the ANA's Summer Seminar Higgins Museum Seminar on National Bank Notes ?OOP Society of Paper Money Collectors Last. Updated: May 25, 2009 A About SPMC Paper Money magazine is published six times a year. It contains articles on numerous areas of interest. Professionally edited and produced with high quality materials, the magazine has won numerous national awards for excellence. Regional meetings are held around the United States during the year, allowing members to meet and socialize with each other. Programs Governors Meeting Minutes Contact Us PAPER MONEY SPMC News updated May 25, 2009 Events updated May 25, 2009 Join Today! Paper Money Magazine Library Member Publications Learning Resources What's It Worth? PAPER MONEY OFFICIAL JOURNAL OF THE SOCIETY OF PAPER MONEY COLLECTORS VOL. XLVIII, No. 4, WHOLE No. 262 WWW.SPMC.ORG JULY/AUGUST 2009 MEMBERSHIP HAS ITS PRIVILEGES! jag E0006( 00000001 A •WAS INS VT,.•111[•;•S •DNII W1R, '1111711111VIEIIVIM" 11/41.1111161...1 klipPallIrPt7n47., UNITED STATESDFAMERICA- D711550: 4 /.4,4, iniry ximunraiGimutft IIALNEIV .1...v.sur.vvro 4ria6Ailt.wu.ninatt. , Vv." to-" 00.itatA.Uttett Yk, • T.S ro. SOP AILF:ery '''1,7,17617; IN GOLD COIN IINLIVALIN TV. 1.11 N THIS CERTIFIES THAT TOILIRL HAVE JOIN US AT MEMPHIS AMERICA'S PREMIER PAPER MONEY AUCTION e are proud to announce that we are the Official Auctioneer of the 33rd Annual International Paper Money Show. For over 30 years Memphis has attracted thousands of collectors and dealers from the U.S. and abroad, and has become America's premier auction venue for the very best in paper money and stocks and bonds. Also join us in Memphis as we conclude our 18th and final Herb and Martha Schingoethe Collection of Obsolete Currency Sale! We were deeply honored to have been selected as the auctioneer of this groundbreaking collection. This final concluding Sale in Memphis will not disappoint as we focus our attention on the Southern and Midwestern States, including Tennesse and Texas. We hope to see you there! ORDER YOUR CATALOG TODAY! Spink Smythe spares no expense in producing the finest quality all-color catalogs. To order your catalog please contact us at 800-622-1880 or at info@spinksmythe.com. For more information or to consign to an upcoming auction please contact Jim Fitzgerald (JFitzgerald@SpinkSmythe.com ), Harvey Gamer (HGamer@SpinkSmythe.com), Matt Orsini (MOrsini@SpinkSmythe.com), Caleb Esterline (CEsterline@SpinkSmythe.com ), or Barnaby Faull (BFaull@Spink.com ). JUNE 26-28, 2009 MEMPHIS, TENNESSEE SPINK FOUNDED 1 666 — OFFICIAL. AUCTIONEER www.spinksmythe.com NEW YORK 145W. 57th St., 18 Fl. NY, NY 10019 DALLAS 3100 Monticello Ave., Ste. 925, Dallas, TX 75205 info@spinksmythe.com 800.622.1880 Tracy Shreve, Auctioneer, Texas License #9399. TERMS AND CONDITIONS PAPER MONEY CUSPS 00-3162) is published every other month beginning in January by the Society of Paper Money Collectors (SPMC), 92 Andover Road, Jackson, NJ 08527. Periodical postage is paid at Dover, DE 19901. Postmaster send address changes to Secretary Jamie Yakes, P.O. Box 1203, Jackson, NJ 08527. © Society of Paper Money Collectors, Inc., 2009. All rights reserved. Reproduction of any article, in whole or part. without written permission, is prohibited. Individual copies of this issue of PAPER MONEY are available from the Secretary for $6 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 specific issue can- not be guaranteed. Include an SASE for acknowledg- ment, 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 encouraged to submit a copy on a MAC CD. identified with the name and ver- sion of software used. A double-spaced printout must accompany the CD. Authors may also transmit articles via e-mail to the Editor at the SPMC web site (fred@spmc.org). Original illustrations are preferred but do not send items of value requiring Certified, Insured or Registered Mail. Write or e-mail ahead for special instructions. Scans should be grayscale or color at 300 dpi. Jpegs are preferred. ADVERTISING •All advertising accepted on space available basis •Copy/correspondence should be sent to Editor •All advertising is payable in advance Ads are accepted on a "Good Faith" basis •Terms are "Until Forbid" •Ads are Run of Press (ROP) unless accepted on premium contract basis •Limited premium space/rates available To keep rates at a minimum, all advertising must be prepaid according to the schedule below. In exceptional cases where special artwork or additional production is required, the advertiser will be notified and billed accordingly. Rates are not commissionable; proofs are not supplied. SPMC does not endorse any company, dealer or auction house. Advertising Deadline: Subject to space availability 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). Camera-ready copy, or electronic ads in pdf format, or in Quark Express on a MAC CD with fonts supplied are acceptable. ADVERTISING RATES Space 1 time 3 times 6 times Full Color covers $1500 $2600 $4900 B&W covers 500 1400 2500 Full page Color 500 1500 3000 Full page B&W 360 1000 1800 Half page B&W 180 500 900 Quarter page B&W 90 250 450 Eighth page B&W 45 125 225 Requirements: Full page, 42 x 57 picas; half-page may be either vertical or horizontal in format. Single-column width, 20 picas. Except covers, page position may be requested, but not guaranteed. All screens should be 150 line or 300 dpi. Advertising copy shall be restricted to paper currency, allied numismatic material, publications, and related accessories. The SPMC does not guarantee advertise- ments, 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 por- tion of an ad in which a typographical error occurs upon prompt notification. Paper Money • July/August 2009 • Whole No. 262 241 Paper Money Official Bimonthly Publication of The Society of Paper Money Collectors, Inc. Vol. XLVIII, No. 4 Whole No. 262 July/August 2009 ISSN 0031-1162 FRED L. REED III, Editor, P.O. Box 793941, Dallas, TX 75379 Visit the SPMC web site: www.spmc.org FEATURES Connecticut Merchant Scrip, 1794-1876 243 By C. John Ferreri and Gary W. Potter On This Date in Paper Money History 287, 289 By Fred Reed The Buck Starts Here: Engraver's kin searches for his banknotes 295 By Gene Hessler Notes from Up North: Note numbers may encode information 298 By Harold Don Allen Laura Biggerstaff, National Bank President 300 By Karl Sanford Kabelac Mertie McHenry/Mertie McHenry Langdon, National Bank President . 301 By Karl Sanford Kabelac Confederate Trans-Mississippi Paper Money 304 By Pierre Fricke SOCIETY NEWS Information and Officers 242 Higgins Museum to host 2009 National Bank Note Seminar 273 "Fresh, New Book" covers Kansas Paper Money 273 Reviewed By Gene Hessler President's Column 296 By Mark Anderson New Members 296 Money Mart 297 "I'll Miss My Good Friend, Tom Minerley" 302 By Bob Moon Tom Minerley, ex-SPMC Secretary/Board Member dies 302 New Abe book "well researched and thoroughly detailed" 303 Reviewed By Bob Schreiner SPMC Board bids adieu to one classy lady, Judith Murphy 317 What's on Steve's Mind Today? 318 By Steve Whitfield The Editor's Notebook 318 - SOCIETY 01 \ PAPER MONEY col .LEcToRs INC. BUYING AND SELLING CSA and Obsolete Notes CSA Bonds, Stocks & Financial Items • • • • • •ir • • • • • • •• • Auction Representation 60-Page Catalog for $5.00 Refundable with Order HUGH SHULL ANA-LM SPMC LM 6 SCNA P.O. Box 2522, Lexington, SC 29071 BRNA PCDA CHARTER MBR PH: (803) 996-3660 FAX: (803) 996-4885 FUN 242 July/August 2009 • Whole No. 262 • Paper Money Society of Paper Money Collectors The Society of Paper Money Collectors was organized in 1961 and incorporated in 1964 as a non-profit organization under the laws of the District of Columbia. It is affiliated with the ANA. The annual SPMC meeting is held in June at the Memphis International Paper Money Show. Up-to-date information about the SPMC, including its bylaws and activities can be found on its web site www.spmc.org . SPMC does not endorse any company. dealer, or auction house. 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 membership; 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 membership numbers will be preced- ed 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 eligi- ble to hold office or vote. DUES—Annual dues are $30. Members in Canada and Mexico should add S5 to cover postage; members throughout the rest of the world add $10. Life membership — payable in installments within one year is $600, $700 for Canada and Mexico, and $800 elsewhere. The Society has dispensed with issuing annual membership cards, but paid up members may obtain one from the Secretary for an SASE (self-addressed, stamped envelope). Members who join the Society prior to October 1 receive the magazines already issued in the year in which they join as available. 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 a fall issue of Paper Money. Checks should be sent to the Society Secretary. OFFICERS APPOINTEES: PUBLISHER-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 Wendell A. Wolka, P.O. Box 1211, Greenwood, IN 46142 LEGAL COUNSEL Robert J. Galiette, 3 Teal Ln., Essex, CT 06426 LIBRARIAN Jeff Brueggeman, 711 Signal Mountain Rd. # 197, Chattanooga, TN 37405 MEMBERSHIP DIRECTOR Frank Clark, P.O.Box 117060, Carrollton. TX 75011-7060 PAST PRESIDENT Benny Bolin, 5510 Bolin Rd., Allen, TX 75002 WISMER BOOK PROJECT COORDINATOR Bob Cochran, 4801 Whitesport Circle, Apt. 321. Huntsville, AL 35801 REGIONAL MEETING COORDINATOR Judith Murphy, P.O. Box 24056, Winston-Salem, NC 27114 ELECTED OFFICERS: PRESIDENT Benny Bolin, 5510 Bolin Rd., Allen, TX 75002 VICE-PRESIDENT Mark Anderson, 115 Congress St.. Brooklyn, NY 11201 SECRETARY Jamie Yakes, P.O. Box 1203, Jackson, NJ 08527 TREASURER Bob Moon, 104 Chipping Court, Greenwood, SC 29649 BOARD OF GOVERNORS: Mark Anderson, 115 Congress St., Brooklyn, NY 11201 Bob Cochran. P.O. Box 1085, Florissant, MO 63031 Pierre Fricke, Box 52514, Atlanta, GA 30355 Shawn Hewitt, P.O. Box 580731, Minneapolis. MN 55458-0731 Matt Janzen, 3601 Page Drive Apt. 1, Plover, WI 54467 Robert J. Kravitz, P.O. Box 6099, Chesterfield, MO 63006 Fred L. Reed III. P.O. Box 793941, Dallas, TX 75379-3941 Michael B. Scacci, 216-10th Ave., Fort Dodge, IA 50501-2425 Neil Shafer, Box 17138, Milwaukee, WI 53217 Robert Vandevender, P.O. Box 1505, Jupiter, FL 33468-1505 Wendell A. Wolka, P.O. Box 1211, Greenwood, IN 46142 Jamie Yakes, P.O. Box 1203, Jackson, NJ 08527 Paper Money • July/August 2009 • Whole No. 262 243 CONNECTICUT MERCHANT SCRIP, 1794-1876 Including Sutler Scrip, Tiffany Brothers Commission Scrip, Fractional Currency Mimic Notes, and Round Cardboard Scrip COMPILED BY C. JOHN FERRERI AND GARY W. POTTER © 2009 All Rights Reserved ERCHANT SCRIP IN CONNECTICUT CAN GENERALLY BE TRACED TO FOUR periods of financial hardship during the early history of our country. The first occurred during the years of the War of 1812 and extending through 1816. The second arose from the effects of the —...—destruction of the Bank of The United States in 1836 and the suspension of specie payments of state chartered-banks, 1837-1840. The third was the direct effect of the Civil War from 1861-1865 because specie pay- ments were once again suspended and the government issues of fractional currency began to appear. The fourth was referred to as "The Panic of 1873." These were years of inflation, hoarding of precious metals and coins, and general uncertainty. During- the first period the banks issued much of the fractional paper currency used in commerce, but dur- ing the second period they mostly abstained due to new laws prohibiting the issuance of paper money in denomina- tions of less than what their charters allowed. During the third period hoarding of all coinage became rampant again due to the uncertainty of the Union's cause and the rising value of coinage metals. During the fourth period people hoarded not only gold and silver coin but Greenbacks as well. Business clients were withholding cash pay- ments causing businesses to fail. The challenge of facilitating small monetary transactions was met by many of Connecticut's merchants by issuing scrip. They issued scrip notes, mostly in amounts of less than one dollar. Gather up a full dollar's worth and they might redeem these by giving you a note issued by the local bank, or one could use the scrip for its face value when paying for another purchase. Not all merchants issued scrip, but those that did seemed to be the more finan- cially stable and reputable. These pieces could be passed from person-to-person in the community and often taken at face value by other merchants knowing well enough that the primary issuer would redeem them as stated when presented. There was no formal "backing" for these issues. The merchant's word was his bond. TYPES OF ISSUES Merchant Scrip: Merchant issued scrip before 1865 could have been printed in almost any denomination depending heavily on the merchant's needs. Most were printed on paper, but some were also printed on cardboard. Tokens and store cards of metal or other composition are not in the scope of this writing. Denominations varied from cents to full dollar amounts. The issues denominated in 6h-, 12V-, and 37/4-cents directly related to the ft 1113111S4:11.ANI CT NOV 2:I.!, IS62. mANuFikeTtatir,,n*1,$AXX. Pay Bearer - .TEN CENTS r•-hr, prtwroIrd or qlorr Da/0)w 244 July/August 2009 • Whole No. 262 • Paper Money Spanish Milled Dollar or "Piece of Eight" which was legal tender in the United States until just before the Civil War. The U.S. dollar coin was worth one eight real ("Piece of Eight") coin. The U.S. quarter dollar coin was equal to the two real coin or the often touted two "Bits" (one section of an eight real that was cut into four equal sized pieces). Hence, the Quarter was equal to two bits, just enough to pay for a shave and a haircut. Sutler Scrip: This was issued by private merchants who traveled with the various regiments during the Civil War. Sutlers served somewhat like a Post Exchange and also issued scrip to facilitate the making of change while doing business while in camp or on campaign. Tiffany Brothers Commission Scrip: This was a product directly related to a short-lived but severe eco- nomic depression during- the years 1873-74. It was devised to stimulate business by offering a discount on a later cash purchase. Fractional Currency Mimic Notes: These did not have a value but did have a numeral and somewhat mimicked the new U.S. Postage and Fractional Currency issues which appeared from 1862-1876. These Mimic Notes served mostly as advertising pieces. Round Cardboard Scrip: This was produced by the firm, Cussons, May & Sheppard. It had an easily rec- ognized and distinct appearance and can be attributed to the 1870s. The general appearance remained the same for all the issuers. To date, only one Connecticut issuer of Cusson's Cardboard Scrip has been identified. RARITY SCALE The rarity given for each note is approximate. Values are not assigned. The note's rarity will be described as: Common (C), Scarce (S) or Rare (R). THE ISSUES Scrip was issued undated, and with handwritten or printed dates. Items listed with handwritten dates may have the first two or three numbers of the year printed and the remaining- digits written. While more than one handwritten date may be known per denomination and issue, only one will be listed to indicate the general time period of issue. Items with different printed dates represent completely separate issues. All issues are listed alpha- betically by city or town of issue except the sutler issues which will appear and the end of the listings. Birmingham Geo. C. Allis Manufacturers Bank B. F. Corlies & Macy Stationers 35 Nassau St. N.Y. (Book seller Main St.) 5e printed Nov. 25th, 1862 eagle ctr. Black (S) 10e same (S) 250 same (R) sentmi::.4:11,a3! ji. sod :'^ ISO? ,.:__'• .... . ' 11 1i1,14114.1FACTIJIMICAS RANK. — 4''' Pay Hearer C E1V ICS ,Or - • VIatt 4A- ea 4 N' .„ 7,7/7/7,, %, 7///%11 /Y/ //i/(//Ci TWENI'VFWEECEISNA INIERCTIANDIZE /.;/ rwrirw/.//ii.6,45' EkwArviwted x.oz//.r6:/owt . .doMf.rtf.,w/Vw/74. . . . Paper Money • July/August 2009 • Whole No. 262 245 Gerald H. Corlies Manufacturers Bank B. F. Corlies & Macy Stationers 35 Nassau St. N.Y. (Druggist) 5c printed Nov. 25th, 1862 eagle ctr. Black (R) 100 same (R) 250 same (R) Sheet 2-250, 500 , 5-100 , 10-50 . Used by Geo. C. Allis & Gerald H. Corlies (R) (Issued 50c notes have not been confirmed for either Allis or Corlies.) Bridgeport Bridgeport Incorporated Exchange Association 25t handwritten Aug. 4th, 1837 black (C) 37%0 same (R) $1.00 same (S) $2.00 same (5) Hall & Read Bridgeport Bank Ferd. Mayer & Co. Lith. 96 Fulton St. N.Y. (Diy goods 229 Main St.) 250 printed July 18th, 1862 bust of man lft. & rt. Black (R) 1, (7//z/ ',//////////,//////, (7: //i-iii3// 7/ai-4;;fr)///y/ g"If • -1/./. J3111:13 ,t1"Kil'11.1"i' • /p//r/. /./«/( vi ti ) 7;4 au4),4,14410 246 July/August 2009 • Whole No. 262 • Paper Money Housatonic Rail Road Company Danforth, Underwood & Co. New York / Underwood, Bald, Spencer & Hufty Philda. $1.00 handwritten Oct. 1, 1839 black (R) $2.00 same (R) $3.00 handwritten June 1, 1841 black (R) $5.00 same (R) $10.00 same (R) $20.00 same (R) Post Note Issues $100.00 Post Note, proof black Medallion head in frame w/ 3 cherubs, upper right (R) $500.00 same Jupiter seated, center (R) C.ONNECtICki BANK, Naugatuck Railroad Company Connecticut Bank 50 printed Nov. 5th, 1862 blue w/ red 5 (R) 100 same green w/ brown 10 (R) 100 same blue w/ brown 10 (R) 100 same black w/ green 10 (R) 250 same black w/ red 25 (R) 01) .i . z^o ) The , M /.../77A/ferriefaleNifr.:Xitii-LVWE /Miff . Z1 city OF NEW YORK. /40 -------- Paper Money • July/August 2009 • Whole No. 262 247 Bristol Manufacturers Exchange Co Leney & Rollinson $2.00 handwritten Sept. 1 2 th, 1814 black (C) $3.00 handwritten Sept. 3rd, 1814 same (C) $5.00 handwritten Sept. 15th, 1814 same (C) $10.00 handwritten Sept. 20th, 1814 in same (C) sheet $2 , $5 , $10 , $3 (R) ll - ; -.......„_ I Good for ,c, $1)mie dollar, .1F f '-t1 Vc:',N._ L . ii '''.R.-P Q air:11 IN liERCITANDISE. ill AF- ∎ 51 1E71 Iii BRISTOL, 1M3 11_71 a Z-7,1112,11-1 i "Li—I_ L—il41iii Issuer unknown 250 handwritten 183 Good for 25 ( in oval ) twenty five black (R) 50( same (R) $1.00 same (R) $2.00 same (R) $5.00 same (R) Canaan W. W. Williams Norfolk Bank 15e printed October 15th, 1862 blue w/ red 15 (R) "Z; fu S eiipwiff r v. re deemetI (Cv INT.E 0171r. Dar e.17, earl Of th e bettA - U FrY. CO NN as . , if -vrt Dot toltrte tort LIT 'V.. NX6Y ZUMat , .3113Intrgi/o7...:2e, 116 PABIONIOQUE BANK. ay to Br Partr, eaatB- >57'1 :Ae/ /1 ”) • /e 7}, _ / 7, .4, / e//le/ (7//ielire, (.7). /V/ ///"., 1%.1e 1 • 11-/..1 "A" , N EW F1V 248 July/August 2009 • Whole No. 262 • Paper Money Colchester 1 l t5t 0 D. NraltrtkeY 14'. CO. \ 'SELMA, ALtS.D.}m.s Tr. v Ytt..t; trair,iitry rt, TWENTIfiyE CENTS, -,trt Itva .Nlit .m*. • ,,,,,d, D. Bulkeley & Co. payable in Selma, Ala. 250 or Two Bits handwritten May 20, 1838 black (R) Danbury Ives & Hoyt commission scrip Patent applied for by Tiffany Bros. Buffalo, N.Y. 50c undated circa 1873 flowers & beehive lft. Black (S) J. H. Slater Pahquioque Bank 50c handwritten Nov. 20, 1862 small train engine ctr. Blue (R) Derby Derby Fishing Company $1.00 handwritten Sept. 1st, 1808 woman ctr. Black (C) $2.00 same (C) $5.00 same (C) $10.00 same (C) CUREMNICY A Division of Collectors Universe NASDAQ: CA.Ct The Standard for Paper Money Grading Paper Money • July/August 2009 • Whole No. 262 249 Protect Your Notes For the Next Generation When it comes to protecting your investment for future generations, there is no safer way than with PCGS Currency holders. • PCGS Currency is the only grading service that encapsulates notes in Mylar-D , the safest and best archival material for long-term storage • Our unique grading label and open-top holder allow notes to "breathe," thus preventing them from deteriorating due to lack of oxygen • The specifically designed tamper-proof label ensures the security of your notes Experienced collectors trust PCGS Currency — the leader in third-party certification. Call 800.447.8848 or visit www.pcgscurrency.com today, and experience the clear difference. PO. Box 9458, Newport Beach, CA 92658 • (800) 447 -8848 • Fax: (949) 833 -7660 • www.pcgscurrency.com • Mylar-D s a registered trademark of DuPont 0-0 -•.-/- .4"In•S_ ■a_ .. .., _ ._ If, .., •• • C• -...e.t7 c•.(•■ c -,-;••••■ ,••• : .1.,;•„ .."(Ct."*..., ,,,;., C.,-7• .• , 51.4*, •,''''''''i4E.4.; .i.'' ',.r...., -Y6 , -i,. 1.•/", -, ''''''';":".4 .....,••;', ..._., F75- - - -- - ,:,' i,..7.,•A;.11'C' ) C. C., ci r.1).,IN , .mi ..t cyah ti, . , ,, r P PI: ...,... -.; ell jürtiOlii °Ian) f. 44): 1.4t5n ,. . LS • • ' 4 : N : I . %., ifiez3 i !! PAY JO IS ARFP '' '''. 1' I cri ' Pi ,_,..- WI le C) Z r T:' R . , - i w.... , AA) cg.AI 4, t,,-)e, 1-1,, cd . 1 . .2 . AT (0_,-..i w. ,..) Ti. ri,..., vino a''' -; i X C c.' C ONO. ' '-'• I n."' ‘‘ ' . .-FA4 '' - - . • . • '. ' .{....c. : : I !I4 1 9- 17,.? . ,,,••••■ 250 July/August 2009 • Whole No. 262 • Paper Money Durham ■••• • •••••• •• :••• fartii;ez.9.4 • ay • Upilat-F L. W. Leach & Son Middlesex County Bank (Leverett W. Leach Country store general merchandise) 250 printed w/day handwritten Nov. 1, 1862 black (R) East Canaan L. Dunning Norfolk Bank (Lyman Dunning Postmaster) Sc printed October 1, 1862 dark blue w/ red 5s (R) 1 0 e same dark blue w/ red l Os (R) e • , 1° CI r() 17F - Sc printed October 1, 1862 blue w/ red 5s (R) Sc same blue w/o red 5s (R) 10c same blue w/ red 10 (R) 10e same blue w/o red l Os (R) JLT frti;! 0!.• • • 251Paper Money • July/August 2009 • Whole No. 262 BODY does paper ney better than APER MONEY • best reproduction • best audience est es .. IN FULL LIVING COLOR, too! Advertise in PAPER MONEY , • 4.•eA:01E-Ya - (ft ' "4/ kl ;," O.% • . ,A.N...N.:•.AW ) 252 July/August 2009 • Whole No. 262 • Paper Money East Hartford Henry Phelps Hotel 5ct printed May 24, 1837 (day handwritten) black (R) Fairfield -z-,:1 121(1 Loam ar. Trust Company • ON:: ) SEATSTY. IVI: CENTS „ /..././///e/ / ./7/./.// T7Nft7.• • • , Pl1:111/J., /////,.//,///,/,//,/ / , • • / / //, 4:1///, /*/;.. / ".' / / • Fairfield Loan & Trust Company Rawdon ,Wright & Hatch New York 50c handwritten Oct. 17, 1837 black (S) $1.00 same Oct. 15, 1837 same (S) $1.25 same Oct. 15, 1837 same (S) $1.50 same Oct. 19, 1837 same (S) $1.75 same Oct. 15, 1837 same (S) $2.00 same Oct. 25, 1837 same (S) Falls Village Fuller & Peet Iron Bank 10c handwritten Oct. 1, 1862 black & red (R) hl':t-'..2-:: .. /- /%., F-, lei IXON. HAATIC 9 w //',„/ a . V 7 CENTS„:,c,::, - et, ; ..- 'II' /er ,1 rt]. / 44 r/ C ',,t 4reMJ I/ rr F. 41o. 64I'C ;//////44igairiglar/ • jai fieth 1.)41ta 114 - /,/"/:/i Paper Money • July/August 2009 • Whole No. 262 253 Tupper Wood & Co Iron Bank Denomination printed with thin flat letters on left end. 5c printed Oct. 16th, 1862 small eagle lft. blue & red (S) 10c same (S) 250 same (S) Denomination printed with thick block style letters on left end. 50 printed Oct. 16th, 1862 small eagle lft. blue & red (S) 10c same (S) 500 same (S) Gaylordsville John Gaylord Bank of Litchfield County (General Merchants & Postmaster) 50 printed Dec. 15, 1862 dock scene lower rt. green & black (S) 100 same man loading horse drawn wagon lower rt. Same (S) 25c same man with pick & shovel lower rt. Same (S) 500 same small eagle lower rt. Same (S) (3 !II 6)- / IV> .2';5. • r -57 T r :77, Tvv . 3:1,11 A It 2, 0 Tiwiticr 41tut '41‘tren al a D.F 254 July/August 2009 • Whole No. 262 • Paper Money Groton / Gran, Dec, 1, 1862 • • •31•CW ;COIN.On ;',J it la, 3 ii,„ 3 T'-iREEL CENTS 11, '' In E. D. Avery New London Bank D. S. Ruddock , Printer , N. London 30 printed Dec. 1, 1862 red & green So same 100 same 25c same 50e same No. / Croton Dec . 1 , tz:. 0 i t .:‘.11 , ••■•■ nem r• •••• N (Croton) Groton misspelled (E. D. Aver) Avery misspelled New London Bank D. S. Ruddock , Printer , N. London 30 printed Dec. 1, 1862 red & green Guilford J. Monroe & Sons Cashier New Haven Bank (Joseph Monroe & Sons Dealers in Dry Goods & Groceries) 25c handwritten Oct. 11, 1862 Indian lit. colors ? (S) (S) (S) (S) (5) (R) (R) L. .,.,...m .1 4. 1 Paper Money • July/August 2009 • Whole No. 262 255 t. J. Monroe & Sons New Haven Bank 10c printed November 10, 1862 small eagle rt. green w/ black 10 (R) Hartford DOWNING (Sz HIGLEY,L 1.1.2fikoum-;/,zrz. T A N Ct-AN T S, Downing & Higley ( H. D. Downing & Higley Dealers in Fruit, nuts etc. 16 Asylum St.) 100 printed July 15th, 1862 female archer lft. black $ red (R) • )1:“ ) • ENv v ix 1:111%('Mql., ■ / / ' • I 1'1 r /It" Turnpike Gate N° TWENTY Fi E CE NT F, 77r fur ti. c Hartford & New Haven Turnpike circa 1799 5 mill undated sheep & pig black (S) 2c same cow & donkey same (5) 40 same horse , ox & mule same (S) 60 3 mills same one horse sleigh same (S) 120 5 mills same two 2-wheeled vehicles same (S) 25(4 same four wheeled coach same (S) Sheet 25c, 12c/5mills, 6c/3mills, 4c, 2c, 5mills (R) 40 undated horse , ox & mule blue (S) 6c 3 mills same one horse sleigh blue (S) „,/, /;.• 1,4 1 1'4 „}. 1. ,6.. lit it tk' 106fiitin et\ /1.. A. 31Alt CA": 4IY KA,: 71,01.0RD, CONN. n ODUE,1000104Ala • 1 , 256 July/August 2009 • Whole No. 262 • Paper Money P. Jewel & Sons Exchange Bank Lith. of E. B. & E. C. Kellogg , Hartford, Conn. (Pliney Jewel Sr. & Pliney Jewel Jr. -Hyde & Leather Dealers 272 & 274 State St.) 50 printed Oct. 1, 1862 black (C) 100 printed Sept. 1, 1862 black (C) 250 same (5) 500 same (R) F. A. Marcy commission scrip Patent applied for by Tiffany Bros. Buffalo, N.Y. (Frederick A. Marcy Boots & Shoes 376 Main St.) $1.00 undated circa 1873 black (S) - - • r -- 1 ( - Mir; . Cnshi•i• PHOENIX BANK pay bv;IPE'r .71(' YN- It:A - 1 Marcy & Haynes Phoenix Bank Bingham & Dodd Lith. (Frederick A. Marcy & Charles W. Haynes Boots & Shoes 269 Main St.) 100 printed Oct. 1, 1862 black Back value green (R) 250 same Back value green (R) TEN CENTS, HARTFORD, /NC (co, N' shier CHARTER (OAK BANK pay beard".* , WIAAASMIDS; _ . 'pa ,c,:zgaraw Fund,...4,,, „.presentm inSun,s (4' oirepie440:4.6r0/, f5v4(7.14,-/h !..h,;..4,-.,;.X,>::::,.-:,,: -..--..)7: 1q..:.•...: , ..=- -:::;:>:,,::-.,:-.-:::-..:..:: -.:.. , ,:::: r o..V./ ... 1■Tew Ludor, Dec, 1, 1862, y. t I 1,1:,--, ... ,.., „..,........,..,..,....„..1.. 4.- ....:-..1, ..?-4 v.4.4 1:-..f., ' ,..:....L. , sv...9 i, :- . PAY • John Jeffrey D. S. Ruddock , Printer , N. London (Grocer 151 Main St.) 3c printed Dec. 1, 1862 U. S. Postal Currency green Var. #1 upright of J in Jeffrey between w & L of New London above (R) G 4 cr, PAY "I III. IWARE -3; 268 July/August 2009 • Whole No. 262 • Paper Money • New Toqor Dec, 1, 1861 . i 1-6-, II i?•• 'Ntt 30 printed Dec. 1, 1862 same (different layout) green Var. #2 upright of J in Jeffrey between L & o of New London above (R) .014[4 e-Df) WILL PAY THE BEARER14p, m -H -no to:,1,17p (-17,7:01NT 4 1.113.131'11 John Jeffery 2e printed May 1, 1863 same, name spelled "Jeffery" (R) 30 same May 1, 1863 same (R) ‹...,. .-r,=..C:,,,,,,X.7.1,7: .-- <7,C-...7,7,7_,,,,,,-,<7.4":,:,,--,. ,.: ,-;', -.7,1,-,...,-7,<:,,,,,,,,C ',". No, 4.-.... New London, July 1, 1863, fl (OH r ----:?_ yg r.-,- p 7,4A .. •-,D, __ _n_ .., :_.., ---i , :_-,, I .D 6-1C4 ., 3 7.:VILL PAY THE BEARER 'gat 2 ‹,,, 4' . TT-73:7E CENTS,, ,L.A. „,,,.., ci-q _114 k In U, S. Postal Currency, at No. 151 plain St. °b -'' 1 ..j," 30 same July 1, 1863 same (R) No. New Lon don. Jan. 1, 1864. )fl J II N JET.FE•; ItY Will pay the Bearer WO CENTS 5 At \o. 151 Main St. D. S. Ruddock , Printer , N. London 20 same Jan. 1, 186-1 blue cardboard PA" x 2 1/8" (R) No. / New London, May 1, 1863. OICH Y, At No. 151 1.L.,1IN St. z • Every Auction Lot i.1 Now Available jar Online Viewu g,. wrong Earl American • corn Consign Your Important Material • Phone Dana Linett Today Paper Money • July/August 2009 • Whole No. 262 269 United States Paper Money special selections for discriminating collectors Buying and Selling the finest in U.S. paper money Individual Rarities: Large, Small National Serial Number One Notes Large Size Type Error Notes Small Size Type National Currency Star or Replacement Notes Specimens, Proofs, Experimentals Frederick J. Bart Bart, Inc. website: www.executivecurrency.com (586) 979-3400 PO Box 2 Roseville, MI 48066 e-mail: Bart@executivecurrency.com 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 LOWELL C. HORWEDEL P.O. BOX 2395 WEST LAFAYETTE, IN 47996 SPMC #2907 (765) 583-2748 ANA LM #1503 Fax: (765) 583-4584 e-mail: lhorwedel@comcast.net website: horwedelscurrency.com EARLY AMERICAN HISTORY AUCTIONS Sign lip to Receive Our Fully Illustrated Catalogs Free Online or Only .572fOr a Full Year Subscription of Six Bimonthly Printed Catalogs AUTOGRAPHS • COINS CURRENCY • AMERICANA • MAPS EARLY AMERICAN • RO. Box 3507 • RANCHO SANTA FE, CA 92067 (858) 759-3290 OR FAX (858) 759-1439 • Auctions@EarlyAmerican.com rew L3'115.)n', Tali. 1, 1934„. V 0 IN XFFR Y PA Y T111 ,, 131:AAVER Xrf ), ,CYPICTMCruPnlo 13 6 x No,. 7-7? c, New London, April 1, 1864, OCOD11:11K Otf,'FF WILL PANT T.aE BEARER """ r 4 FiN r 270 July/August 2009 • Whole No. 262 • Paper Money I, e AT NO. 1.51 MAIN. ,:-.:TREE1.• • , • . ., . 1-: ' • ' 2F , •-i-7-- -.4-7 ,,,, d,...„...............--....,,,,,,,,,,,,, ' • l -.` D. $. Evedne14 Dr:rto. ., D. S. Ruddock , Printer , N. London 20 same Jan. 1, 1864 blue cardboard 1 5/8" x 2k" (R) +744,44 4, No. JOHN JEFFER Wii pay the 13r,..ttior A.T NO. 151 MAIN STREET. 20 same Jan. 1, 1864 blue paper (S) New LOB.C10B1 Jane 1, 1864, • -.. Z b "6 M 2 ---/( ,.-11, 4.".ie,r4... V p .. n• A .1, X,... .,,,c..„,:.-....:x 20 same April 1, 1864 same same No, ,,,./ ./.72 New London, Day 1, 1884, .-,!" ; a©MR1 41,-EFFATU 9 rq WILL PAY TLTE EE,E1 %AT wir- NJ At No. 151 Main Street. ;JO n ' -5- 2e same May 1, 1864 same (S) 3e same May 1, 1864 same (S) At No. 151 Main Street. (S) (S) UNION BANK, W-LONDON, 3 Dec. 5, 1862. PEE CEN FS, to when presented iu sums of One or more Dollars:. Paper Money • July/August 2009 • Whole No. 262 271 ?1No._._,:L_ . 2'.4.—;$ New London, May 6, 1864. , 1-1(----)r) ru1,_ ir-N. r1 3 1-- I IOD V7i_./J Lrai\j' 0.1-11.r LFAL%:11 P i r,11 i- pi ft WILL PAY THE BEARER xtii Pl T rTir "-I ..i.rn ,...ri 0ENTs, .:, h S1-:::_ vriy2C.A r„. At No. 151 Main Street. 4 : 30 same May 5, 1864 same (S) UNION BANK \NEW-LONDON, Nov. 17, 1862, ( \ P., ,ay THREE CENTS , I when presented in some of One or more Dollars. No. /11 /z/Lut, J. C. Learned Union Bank (Joshua C. Learned Insurance agent office at Savings Bank Main St.) 30 printed Nov. 17, 1862 black (R) 100 same (R) 250 same (R) 3c printed Dec. 5, 1862 same (R) 50 same (R) 100 same (R) NewIondon Feb 25th, 1863 New London, Oct. 10th, 1863. HWN PAY THE BEARER (DDT ../u2,01/1/1AUL r E",-4 n tl 0 31 WILL PAY THE BEARER FIVE 'CENTS. 272 July/August 2009 • Whole No. 262 • Paper Money 3e printed Feb. 25, 1863 same (S) le printed Oct. 10, 1863 black 20 same ,tcliats ..=Ante. 9.4??, is62, (S) (S) When presented in sums of yen Dollars. .D. 5. Buddock, Prbst, Kew Loads. F. E. Morgan New London Bank D. S. Ruddock , Printer , N. London (Francis E. Morgan Grocer 38 & 38? Bank St.) Sc printed Nov. 22, 1862 keg lower lft. color ? (R) 10e same (R) 20(4 same (R) 250 same (R) KAN PAP MO AN ILLUSTRATED HISTORY - , 'A. 185471935 STEVE WHITFIELD r00,0 /1/. F10 0 RE 1-0 SAS 'ER NEY Paper Money • July/August 2009 • Whole No. 262 273 Higgins Museum to host 2009 National Bank Note Seminar THE HIGGINS MUSEUM OF NATIONAL BANKINGhas announced the scheduling of a special 2009 educa- tional seminar dedicated to National Bank Note topics for Wednesday and Thursday, August 12-13, featuring four nationally recognized authorities in the field. The event will be held at the museum facility in Okoboji -- situated in the heart of the Great Lakes resort and recreation area of north- west Iowa -- enabling participants to view and enjoy the largest collection of issues on permanent exhibit anywhere. Featured speakers at the seminar will be James Hughes, associate curator of the Smithsonian National Numismatic Collection; Don C. Kelly, author of the widely referenced National Bank Notes guide and census reference; Allen Mincho, the long time contributor of "Notes on the Marketplace" appearing in Bank Note Reporter; and James C. Ehrhardt and Steven J. Sweeney, co-authors of Iowa National Bank Notes. joining with the Higgins Museum in co-sponsoring this seminar are the Central States Numismatic Society, the Professional Currency Dealers Association, and the Society of Paper Money Collectors, with support also provided by Bank Note Reporter. The registration fee for the seminar is $50, including a catered lunch and light snacks during breaks, or just $40 for members of the co-sponsoring CSNS, PCDA and SPMC organizations. The seminar will get underway with a welcome reception at the Higgins Museum on Wednesday evening, Aug. 12, from 5 p.m. to 6:30 p.m. The seminar proper will get underway at 8:30 a.m. on Thursday, Aug. 13, with a brief welcoming assembly and introductions. Each speaker is being allotted one-hour and 15-minutes time slots, with round table question and answer discussions following. The day's seminar is sched- uled to formally conclude at 5:30 p.m. The speakers will cover a wide range of interesting and insightful topics. Hughes will explore the Upper Midwest National Bank Note treasures at the Smithsonian. Kelly will delve into the "surprise" discoveries that may be out there awaiting National Bank Note collectors. Mincho will provide an analysis of marketplace evolution with observations stretch- ing from yesterday through today and on to tomorrow. Ehrhardt and Sweeney will dissect and update the Iowa National Bank Note census published in 2006. Participants in the seminar sessions must register in advance by contacting Higgins Museum curator Larry Adams, who can be reached by calling 712-332-5859, or by e-mail to ladams@thehigginsmuseum.org . Registration remittances are to be directed to the Higgins Museum, 1507 Sanborn Avenue, P.O. Box 258, Okoboji, IA 51355. Overnight accommodations are available right in Okoboji, within a mile of the museum, at the Arrowhead Resort & Conference Center, where a special room block rate for a standard room with two queen beds is $99 per night, for the nights of August 12 and 13. Contact the Arrowhead direct at 1-800-727-4561. "Fresh, new book" covers Kansas paper money Reviewed by Gene Hessler, former Editor of Paper Money Kansas Paper Money, An Illustrated History 1854- 1935 by Steve Whitfield, edited by Fred Reed, McFarland Publishing, 268 pages, hard cover, $49.95, www.mcfarlandpub.com . ILIKE THIS BOOK! THOUGH IDENTIFIED AS Arevision, I consider this 2009 publication as a fresh, new hook and catalog. Following the "How to Use This Book," which includes "Rarity" ratings, the author presents a brief but comprehensive Kansas Banking History. In six chapters Mr. Whitfield covers the Territorial Period; Statehood; the Civil War Crisis; the Post-Civil War Period; Miscellaneous Scrip; and the National Bank Period. The author knows these sub divisions of his subject and makes more than an adequate presentation of each for collec- tors, researchers and historians. Following the just mentioned six chapters are eight appendices that cover additional information including modern reproductions, altered notes, printers and more that readers will find helpful. I counted 46 illustrations identified as being unique. For the territory and state of Kansas, this is an achievement to document and show such rarities. In appendix G Steve Whitfield lists surviving Kansas notes, and where "only one or two such notes are known, seri- al numbers are reported." The histories of the issuers are extremely helpful. Ancillary and compatible illustrations of locales, buildings. advertisements, ephemera and people enhance the history pre- sented and help bring the currency and scrip to life. The only criticism I have, and I would be criticized by a few if I failed to mention that no attributions were given to the few engravers who could have been mentioned, especially for the notes produced by American Bank Note Company. On page 61 at the lower left of the James D. Smillie engraving of The Nlill Door, the name of the artist, F.O.C. Darley is partially visible. This book does not stiffer from omissions such as this, but would have been enhanced with this additional information. I commend Steve Whitfield for his thor- ough research on a subject that collectors and historians will learn and benefit from, and to repeat what was said previously, I like this book! This attractive book has 268 pages, 393 illustrations and is priced at $49.95 and may be ordered from McFarland, the publisher, at www.mcfarlandpub.com or toll free at 1-800- 253-2187. • 0 ri00 J.1.. CO; j(i l,l . 111 Jr, J. len )resented in sums of,' Even a/1,1 1 irTe as!.; 10 ots . ABER, , 0 dorr—At6pt 41111 kltj 011,114 )r, ?Pt PAY T BEA.RE13, 1 r Aten liresented in sums of Even Do-r9 otEt reaS, (A, 31 - PAY THE BEARER When presented in sums of Even Dollars 274 July/August 2009 • Whole No. 262 • Paper Money New London Northern Railroad Bank of Commerce 50 printed Oct. 10, 1862 blue & red (S) 100 same (S) Plitovr, Starr & Farnham, Printers, New London Sc printed Nov. 8, 1862 green & red (S) 100 same (S) 25c same (S) New-London, Nov. 26th, 1862, No. Pe,-----, / (/ y.- ,,,,..x ..,,::,.--,xxzx.-:..,:-....-,:l-..,-..,:>,,,:>,...-x.'x.-.x.7.x.>:=,:x:,, : • .,::-..,:.-:--qz.x:xr.,-,-:,,,,,::: Newcomb & Weaver Whaling Bank (Dry Goods 21 State St. ) 3(4 printed Nov. 26, 1862 black (R) 50 same (R) 3,7b ." IP Currund. Funds at D 17.04ock. Pr `nter.:: 'When presented : in sums of Ey93,Dollars. . . 6 D. S. Dat.Uar..V, Pr:ucts. Paper Money • July/August 2009 • Whole No. 262 275 G. B. Reed D. S. Ruddock , Printer , N. London (George B. Reed Grocer 32 Bank St.) 30 printed Oct. 28, 1862 red & green lu Curceut Funds at 32 Bank Street, :yew London ZuRI:ck Lean-. C-1) '176 ,474 rj:-4 Fst New-London, Dec. 1, 1882. tz:41 tri .9,111 7-1 ey2 0 Q512 al!) g-1,1.13 -1/.■VO OU Dead C. id sk, C): Oo Geo. B. Reed Grocer D. S. Ruddock , Printer , N. London 50 printed Dec. 1, 1862 red & green New London, Nov. 24th, 1862, Tirr, r 1, Tv0 4 PAS. TrrE BEARER TEN- CFN a . Seth Smith Whaling Bank D. S. Ruddock , Printer , N. London (M.D. Druggist 28 State St. ) 5o printed Nov. 24th, 1862 colors ? 100 same (R) (R) (R) (R) New London, Oat. 28, 1862. = .v REEL),.47 ci;: 3 Demand 3 tx nr f en s 5 New London., Deo,10, 1682. .1 o '',ttiings • 513an1i,, I 3 NORWICH,PAY TEE BEARER lTHREE. CENTS, When presented Le sums Eves. . • No.J6? All is fav or ■ ihied New ro CLOTH ow nice. and doe II at the One Price 76•41qtr -SE . r. Conrie t en, Speared by Special Deposit. Q ' Yofr, 4dr,, Con ., Dec. 10th., 1Sti .`2. 3111:11.11., .1y4 /k, ,.,/,%,./ye /.47 0.4;04,i1/ .71 276 July/August 2009 • Whole No. 262 • Paper Money A. C. Wright Norwich Savings Bank 30 printed Dec. 10, 1862 Bust of Washington lft. colors ? (R) 100 same (R) Norwalk Tilton the Clothier Advt. Note 50 Undated Face and Back the same green (R) Norwich C. W. Ames Merchants Bank 10c printed Dec. 10th, 1862 black w/ red 10 (R) 15c printed Dec. 10th, 1862 black w/ red 15 (R) 250 same black w/ red 25 (R) 500 same black w/ red 50 (R) Paper Money • July/August 2009 • Whole No. 262 277 Andrew & Nash Uncas Bank (Erastus 0. Andrew & A. B. Nash Fruit, Groceries, woodware 59-61 Water) 50 handwritten Oct. 18th, 1862 blue (S) 100 same (S) 25t same (S) Barstow & Palmer Merchants Bank (John P. Bastow & Edwin Palmer Agricultural implements 15 Water) 50 handwritten April 18, 1862 blue Hammond & Huntington Norwich Bank (Henry K. Hammond & H. G. Huntington wholesale groceries 25 Water ) 100 handwritten Oct. 14, 1862 colors ? D. Huntington Norwich Bank (Daniel Huntington Dry Goods 7 Shetucket) 25t handwritten Oct. 15, 1862 colors (R) (R) (R) ty,31.Tr..VTVerYtr,,,,,T,33rtrw Ayr,w,itav Xfallf .11, 111 „ OA). ind alt PAY TO BEARER (.1' FIFTY CENTS, When Like Checks are Presented iu Sums )t EVEN DOLLARS. 4,4 c: "7, C 278 July/August 2009 • Whole No. 262 • Paper Money SMITH BROS,, EI:S IS GROCERIES, PROVISIONS, Tea, Coffee sod Spice,s. Irnporp.,141.1 .its, Pickles, Vegetables, 23 WATER STREET, NORWICH. t. 7o7o=c A, Smith. Atti ,1. Smith Bros. Groceries, Provisions Advt. Note Printer Manuf'ng Co. 14 Kilby St. Boston (21 Water St.) 50 Face & back the same green (R) Redding Ridge Fanton & Sons Oliver & Brother, Print., 89 Nassau St. N.Y. (Shirt Manufacturers) 250 train ctr. black on blue paper 1850s (S) 500 hands holding scales ctr. same (5) $1.00 beehive ctr. same (5) $1.00 clipper ship ctr. same (S) $2.00 train ctr. same (S) $2.00 clipper ship ctr. same (5) $3.00 beehive ctr. same (S) $3.00 hands holding scales ctr. same (S) sheet 250 $3.00 $2.00 500 , $2.00 , $1.00 , $1.00 , $3.00 black on blue paper (R) Robertsville O. J. Hodge Winsted Bank 10c printed Oct. 15, 1862 red (R) 500. same (R) HARRY IS BUYING NATIONALS - LARGE AND SMALL UNCUT SHEETS TYPE NOTES UNUSUAL SERIAL NUMBERS OBSOLETES ERRORS HARRY E. JONES 7379 Pearl Rd. #1 Cleveland, Ohio 44130-4808 1-440-234-3330 Now available F1_,OAKInA PAPER muyNE-17- .7t; 1111.11,1ISTIC•lr 11111,1,111161: littif 21697VIEJLO a7. 1133EMICCIE E.inrd Ron Benice "I collect all kinds of Florida paper money" 4452 Deer Trail Blvd. Sarasota, FL 34238 941 927 8765 Benice@Prodigy.net Books available mcfarlandpub.com, amazon.com , floridamint.com, barnesandnoble.com, hugh shull Harlan J. Berk, Ltd. "The Art & Science of Numismatics" 31 N. Clark Street Chicago, IL 60602 312/609-0016 • Fax 312/609-1305 www.h ar lanj her k .com e-mail: info@harlanjberk.com A Full-Service Numismatic Firm Your Headquarters for All Your Collecting Needs PNG • IAPN • ANA • ANS • NLG • SPMC • PCDA MYLAR D® CURRENCY HOLDERS PRICED AS FOLLOWS BANK NOTE AND CHECK HOLDERS SIZE INCHES 50 100 500 1000 Fractional 4-3/4" x 2-1/4" $21.60 $38.70 $171.00 $302.00 Colonial 5-1/2" x 3-1/16" $22.60 $41.00 $190.00 $342.00 Small Currency 6-5/8" x 2-7/8" $22.75 $42.50 $190.00 $360.00 Large Currency 7-7/8" x 3-112' $26.75 $48.00 $226.00 $410.00 Auction 9 x 3-3/4" $26.75 $48.00 $226.00 $410.00 Foreign Currency 8 x 5 $32.00 $58.00 $265.00 $465.00 Checks 9-5/8 x 4-1/4" $32.00 $58.00 $265.00 $465.00 SHEET HOLDERS SIZE INCHES 10 50 100 250 Obsolete Sheet End Open 8-3/4" x 14-1/2" $20.00 $88.00 $154.00 S358.00 National Sheet Side Open 8-1/2" x 17-1/2" $21.00 $93.00 $165.00 S380.00 Stock Certificate End Open 9-1/2" x 12-112" $19.00 $83.00 $150.00 $345.00 Map & Bond Size End Open 18" x 24" $82.00 $365.00 $665.00 $1530.00 You may assort note holders for best price (min. 50 pcs. one size). You may assort sheet holders for best price (min. 10 pcs. one size). SHIPPING IN THE U.S. (PARCEL POST) FREE OF CHARGE Mylar D® is a Registered Trademark of the Dupont Corporation. This also applies to uncoated archival quality Mylar® Type D by the Dupont Corp. or the equivalent material by ICI Industries Corp. Melinex Type 516. DENLY'S OF BOSTON P.O. Box 51010, Boston, MA 02205 • 617-482-8477 ORDERS ONLY: 800-HI-DENLY • FAX 617-357-8163 See Paper Money for Collectors www.denlys.com Paper Money • July/August 2009 • Whole No. 262 279 4.. "A /L,4 „; CZy\\--miik! (% z / (77 z//i///t/z1 't//i ,//a. z /7// /('" / /// ,r;00,96' .17 0/Ve,:vriolM7 TYCIVY, )0 MO. ARS < „, jS S 1 0 h 'PE :r, . Lr1-4 *ttert1/41' h di V:. r 'Pew trila tz erphittivil am t he - — . PAY THE BEARER een ents. 280 July/August 2009 • Whole No. 262 • Paper Money South Coventry Boynton Bros. Underwood, Bald, Spencer & Hufty N. York & Philda. S3.00 handwritten Nov. 13th, 1845 black South Norwalk S. F. Peck Druggist & Apothecary commission note Patent Applied for by Chas. Galle, Printer, 735 S. 4th St. St. Louis, Mo. 10e undated circa 1873 black & red Stonington Stonington Nov. 20, 1862. „Wtoningto anis, (R) (R) when presented in sums of liven Dollars. 15 Cts, 1. Rt: N 1, Alonzo Holmes Stoning-ton Bank D. S. Ruddock , Printer , N. London 50 printed Nov. 20, 1862 blue w/ red 5 (S) I 5c same w/ red 15 (R) 20c same w/ red 20 (R) 25e same w/ red 25 (R) ->1443134 1 :c' ON IDE: AUTHENTICATION EXPERT GRADING ENCAPSULATION IMAGING INTEGRITY IMPARTIALITY Paper Money • July/August 2009 • Whole No. 262 281 INTRODUCING A NEW DESTINATION FOR PASSIONATE COLLECTORS Bringing the World's Greatest Notes Together PMG announces the launch of our new Notes Registry, exclusively for collectors of PMG-graded notes. The PMG Registry combines the world's greatest notes with the world's greatest collectors, and is a proud part of our continued commitment to expert, impartial grading, state-of-the-art encapsulation, collecting resources, and the highest standards of integrity. With the PMG Registry, you can track inventory, build sets and compete with others who share your passion for notes. You can also arrange unique Signature Sets based on your own creative criteria. Begin with one note and watch your set grow, or add an entire new collection. Visit www.PMGnotes.com today and click on "Registry" to include your collection among the world's greatest notes. Join the communitywww collector,society com gIAPMG PAPER MONEY GUARANTY P.O. Box 4755 I Sarasota, FL 34230 I 877-PMG-5570 (764-5570) I www.PMGnotes.com An Independent Member of the Certified Collectibles Group in curftint-i31:enk- Ndt6s.=ätt-,00pnteititin.tn: e of bilren:ddllitis; at the Sto/relif 282 July/August 2009 • Whole No. 262 • Paper Money Suffield •;g'''klSiC"'AAKIU"*"kir4Yi#'•k‘tir ‘•;;Vi,SS\i.a..\.l'N., (SWANN., 77 7 "Oa, tie the Bearer on demand 4 IPTratritrz comritroc, Payable in current Bank Notes on presentation • in sums_of even tiollars,,atthe Store of • Loomis & Co. Country store general merchandise 50 handwritten Nov. 1, 1862 red (C) 10c same Oct 1, 1862 " (C) 250 same July 22, 1862 " (C) 500 same (C) e the Bearer on demand ayable In current Sank Notes on proserstazion in sums of even riolizus, at the Store of J. B. & M. Rose & Co. Country store general merchandise 5e handwritten Oct. 1st, 1862 red (R) 250 handwritten Oct. 1st, 1862 red (R) Geo. Williston (General Merchant) 50 handwritten Oct. 10, 1862 red (S) 100 same (S) 250 same (S) 13 CARP A' C „„er /rettei Yilleen Eents „dn/;:ereGjaieZ i4o1:5-/ TAR1Rk Paper Money • July/August 2009 • Whole No. 262 283 Tariffville New England Carpet Co. 100 handwritten 18 building ctr. black (S) 150 same (S) 250 same (S) 500 same (S) sheet 500 250 150 100 (R) Union .2\70 union, Ct., Xor. S. 1862. #tafftml PAY PIE BEARER, T EN 0CENTS ; When presouteil in smn5 of r.veu Dollnfs. ats. ;,„ 41! 11,g. Merrick Marcy Stafford Bank (General Merchant) 10e printed Nov. 8, 1862 blue Wallingford wzatuzzarGap. ., ut. TUE 131::umit TWENTY-FIVE CENTS AT OUR STORE IN 000115. OR IN CURRENT BANK BILLS, WHEN F.II NOVEMBER 1, 1862. sEsTra, IN SUMS OF ONE DOLLAR. 1 .G.40‘ Issuer unknown 50 printed November 1, 1862 black & ? 100 same black & yellow 250 same black & green 500 same black & red (R) (R) (R) (R) (R) .13 ,Speeie Note. Good for VT+72a-2-TaW2 0231VOD 7 t,: payable in Specie, on demand, at my Shop at ,I3 Warehouse Point, Ct. May 1837. - A , No. t 11' ,1,11-1! /v•• •/ (// TEN GENTS /// //3,-'740.11-etrptipse++; -9#.44.S•1413•(// • ("0 284 July/August 2009 • Whole No. 262 • Paper Money Warehouse Point Issuer unknown 25c printed May 1837 Specie Note Tree ctr. black (R) Pease & Thompson 10c handwritten Oct. 1st , 1855 black (R) IN GOOD .c> .F. AARON S-MITH, .% 69 AT THF. STOnt OF ..1., ' General Merchant, 47110EHOOUNSENPOINT: ,./ 4TY-FivE. C,C",,,,- Aaron Smith Cussons, May & Sheppard printer, (not evident) Name on front, value on back. (General Merchant) 50 undated round cardboard black/blue-grey (C) 100 same black/red-orange (C) 250 same black/yellow (C) 500 same black/white (C) $1.00 same black/salmon (C) ardtP A/4 /) , (i.:?) - ----3 ' fir PAY THE HEARER TWENTY—FIVE CENTS r (;/;; 1, ,1'7 11:; / it It it c. W.T.PYth PA 1 T110 BEARER, ON DEMAND. AT •0 Aforitforti 61.ao Otompang'5 FIVE blEittifiti.NDISE. Paper Money • July/August 2009 • Whole No. 262 285 Waterbury Benedict, Merriman & Co. Elton Loan & Trust Co. (General Merchants Exchange Place) Image, courtesy Connecticut Historical Society. 25e printed Oct. 1st, 1862 black Westford Westford Glass Company's Store Westford Glass Co. operated from 1857 to 1873 in the Westford section of Ashford, Ct. The Company store operated during this period. 50 handwritten 18 steamboat ctr. small eagle rt. black 100 same $1.00 same Jun. 9, 1863 same $2.00 same West Meriden (R) E W. GREEN, OLD PLANTATION g a r StOrep ALSO, IMPORTER 0, Bass & Co's Burton Ale. 5 & 6 RAILROAD AVENUE, Band 27eadq eta rt \54 WEST MERIDEN, Cole. T 49:Ei i. ,,f:>:7,:e.2 ,-,77.-_, s,, ,----:::-.-,;,,--, ?, 4 , , -: wel ii Fe -i s Tv "-Ak,,,,\ 4 ,f, ,1,11.vri.. k t.' / /4 --"e" tbU41 .,_ ....... .. -- -"...._..7 - A-='''...,..--,."-%-- .ifther3Tai■ea-3 %.7-X4TO:k: ".. F. W. Green Adv. note Printer Manufng Co. 14 Kilby St. Boston (Cigars & tobacco 10 & 12 Railroad Ave.) 50 undated Face & Back the same green (R) (R) (R) (R) (R) I-1 Colony Street, WEST hi:EMDEN, p to b etme r El ertuRtzt .1* oxpiiiineD en the Age[r. , // %// //;./2/4)( //,/,/ vg• .00:CIARS ; /. 4/./.77/// //,i/77///, IFIELD POI ,1737.4 L -17( fl;/' T.Figge 00.1JAARS 286 July/August 2009 • Whole No. 262 • Paper Money 73: S. St .: Ct. H. H. Kendrick Commission note Patent Applied for by Chas. Galle, Printer, 735 S. 4th St. St. Louis, Mo. (Dry & Fancy Goods 14 Colony St.) 500 undated circa 1873 Ben Franklin Ift. back adv. black, red & green Westport Bell & Sanford Fairfield County Bank Underwood, Bald, Spencer & Hufty N. York & Philda. $2.00 handwritten 18 woman standing lft. , rt. black F. J. Betts Fairfield County Bank Underwood, Bald, Spencer & Hufty N. York & Philda. $3.00 handwritten 18 view of Westport River ctr. Ships lft. & rt. (R) (R) (R) Paper Money • July/August 2009 • Whole No. 262 287 On This Date in Paper Money History -- July 2009 By Fred Reed July 1 1659, Connecticut currency engraver Jeremiah Drummer apprentices to John Hull; 1862, State of Florida issues certificates of deposit payable in Confederate currency; 1880, BEP moves out of Treasury Building into separate facility; July 2 1827, CSA currency printer Blanton Duncan born; 1951, punched cards replace Postal Notes; 1984, last delivery of Series 1963 $20 FRNs; July 3 1790, City of Albany, NY issues municipal scrip; 1914, paper money author Chuck O'Donnell born; 1961, BEP engraver William S. Fleishell III horn; July 4 1826, paper money subject Thomas Jefferson dies; 1840, President Van Buren approves Independent Treasury Act which allows the government to control its own money; July 5 1864, William Pitt Fessenden takes office as Treasury Secretary; 1865, William P. Wood becomes first Chief of the U.S. Secret Service; July 6 1785, Congress adopts decimal system, first nation to do so; 1835, Chief Justice John Marshall (FR 372-375) dies; July 7 1817, New York City banks resume specie payments following end of War of 1812; 1862, New York World notes circulation of shinplasters in the city; 1863, Cambridge, MA inventor Levi L. Tower patents currency and stamp box; July 8 1775, Massachusetts Colonial Currency (FR MA149-157) bears this date; 1873, Lincoln, Nebraska, pays bill from Continental Bank Note Co. for printing $152 scrip; July 9 1868, 14th Amendment to the U.S. Constitution repudiates Confederate and southern states indebtedness; 1906, paper money dealer Aubrey Bebee born; July 10 1832, Andy Jackson vetoes extension of Second Bank of the U.S. charter; 1870, National Banks chartered after this date limited to issue no more than $500K in notes; July 11 1804, Treasury Secretary Alexander Hamilton (FR 1-5, 41) mortally wounded from duel with Aaron Burr; 1865, Assistant Treasury Secretary George Harrington departs; July 12 1793, Thomas Jefferson drafts United States Bank for 5800 in favor of James Blake; 1861, financier Jay Cooke approaches Treasury Secretary Chase ()tiering his services in the sale of government securities; July 13 1861, Act prohibits commercial intercourse between citizens of the U.S. and inhabi- tants of districts in which insurrection exists; 1902, SPMC founder Glenn B. Smedley born; July 14 1703, beaver pelts valued at five pecks of Indian corn for trade purposes in New York; 1896, Educational Series 51 note "History Instructing Youth' placed in circulation; 1934, Ben Spear copyrights "Lincoln Legal Tender Money' booklet in Spokane, WA; 1969, Federal Reserve ceases to pay out high denomination ($500 and above) notes; Historically since 1933, the largest purchaser of rare American paper currency ... CALL 888-8KAGINS July 15 1816, NYC Council names William H. Bunn to sign municipal scrip; 1940, unissued Palestine Currency Board 5-pound essay depicts Church of the Holy Sepulcher; July 16 1863, First National Bank organized in District of Columbia (FNB Washington ,',26); 1992, Currencies and Crises by Paul R. Krugman copyrighted; July 17 1695, Scottish Parliament authorizes Bank of Scotland; 1863, S.M. Clark, director of the National Currency Bureau, informs Treasury Secretary Chase "In God Is Our Trust' is on the $1,000 Interest bearing Treasury Note authorized by Act of March 3, 1863; July 18 1868, 14th Amendment takes effect barring redemption of obligations incurred in aid- ing Southern rebellion; 1996, 'Dollar$ & cents,' celebrating 20 years of collecting trornpe l'oeilcurrency paintings by the Fed Board, opens at Beacon Hill Fine Art; July 19 1866, Nararnore's Photographic Bank Note Detector patented; 1973, Check Collectors Round Table founded; July 20 1875, Charles B. Hall, cashier of Boston National Bank, elected first president of American Bankers Assoc, "spoke on annoyance of two-cent stamp required on checks and the continuing war tax on banks"; 1952, ANA President T. James Clarke dies; July 21 1869, Treasury Secretary Boutwell issues notice that possessing distinctive distributed fibers currency paper is a felony; 1945, BEP releases last $500/$1000 FRNs; July 22 1839, William Selden takes office as U.S. Treasurer; 1935, expiration date of bonds backing circulation of National Bank Notes; July 23 1775, Continental Congress appoints 3 men to supervise printing S2 million currency, and 28 people to sign/number them; 1861, last CSA Montgomery 5500 notes issued; July 24 1846, noted banker, Comptroller of Currency and paper money author A. Barton Hepburn born; 1866, Comptroller of Currency Freeman Clarke leaves office; 1866, James M. Willcox patents introducing fibers to localized area of security paper; July 25 1930, Minnesota Obsolete Notes author Rocky Rockholt born; 1957, BEP commences printing $1 Silver Certificates with motto 'in God We Trust" on back; July 26 1845, Florida revokes charter of Union Bank of Florida and repudiates so-called Faith Bonds pledged by State; 1862, Treasury Secretary George B. Cortelyou born; July 27 1694, Bank of England chartered; 1778, Francis Hopkinson becomes Treasurer of Loans; July 28 1922, Stan. V. Henkels of Philadelphia auctions estate of John C. Browne, including his Confederate currency and coin collections; 1957, end of Humphrey-Priest tenure; July 29 1861, CSA Treasury Secretary C.G. Memminger reports on finances; 1980, Numismatic Association of Southern California auctions off its library to members; July 30 1849, inventor, banknote and U.S. Mint engraver Jacob Perkins dies; 1969, First deliv- ery of Series 1969 $20 FRN; July 31 1830, BEP Director Edward McPherson born; 1914, first emergency money appears in Germany; issued by Buergliches Brauhaus GmbH, Bremen ,RI itE 'Pat:1'19 8,1,11i7 TWO 100 O. . S. ..yx / / -// 7 7 /47/4/ 7/ 7/4/J7 / .47/ :74 // ; Ed firer I limig,) :V771" ,7i,11.1747 /*.i.ewo Dat.„x„./Ins 411§110.3! F77 7t . • /7 //.// (7/77/ ; ///47 /777 /// ,V0,9737L Z7rgi :PM7/7 7/7 (779 2/ ,171q,v,)`FORK 288 July/August 2009 • Whole No. 262 • Paper Money E. J. Jesup Fairfield County Bank Underwood, Bald, Spencer & Hufty N. York & Philda. $2.00 handwritten 18 woman standing lft. , rt. black (R) Lipton & Barnes Fairfield County Bank Underwood, Bald, Spencer & Hufty N. York & Philda. $2.00 handwritten 18 woman standing lft. , rt. black (R) Morgan, Ketchum & Son Fairfield County Bank Underwood, Bald, Spencer & Hufty N. York & Philda. $5.00 handwritten 18 (R) sheet $1.00 , $2.00 , $3.00 , $5.00. (R) All 5 Westport issuers could have used these designs. However, only the issued denominations listed above have been confirmed. Paper Money • July/August 2009 • Whole No. 262 289 On This Date in Paper Money History -- August 2009 By Fred Reed ° August 1 1770, explorer William Clark (FR 114-122) born; 1862, $1 and $2 Legal Tender Notes bear this printed date; 1862, Minneapolis, MN issues five-cent municipal scrip; August 2 1766, Charles Townshend becomes British Chancellor of the Exchequer; 1911, Thomas Edison releases his film Money to Burn; August 3 1861, CSA authorizes an additional $1 million in large denomination interest bearing treasury notes; 1920, G.F.C. Smillie's BEP contract as Superintendent of Picture Engravers extended for two years; August 4 1790, Congress refinances debt funding $1 in bonds for $100 in Continental Currency; 1886, Congress OKs additional Silver Certificates, including small denominations; August 5 1861, CSA District Attorney at Charleston, SC warns against 'trading with the enemy'; 1961, Fidel Castro issues decree invalidating pre-revolutionary Cuban currency; 1995, Civil 'Var Encased Stamps: the Issuers and Their Times by Fred Reed published; August 6 1846, Treasury Secretary Robert Walker reinstitutes Independent Treasury System; 1928, printing of U.S. small size currency begins; August 7 1863, First National Bank organized in New Jersey (FNB Newark 4452); 1928, Treasury unveils new small size currency; August 8 1899, Lucy Holcombe Pickens, who appears on Confederate S100 notes, dies; 1929, Wooden flat commemorates Salem, OR American Legion Convention; August 9 1837, Cawhaba, Alabama, town council issues depression scrip; 1965, BEP Engraving Director Donald R. McLeod dies; 1990, first Singapore polymer note; August 10 1846, President Polk signs legislation establishing Smithsonian Institution; 1864, end of Chittenden-Spinner combined tenure as Register and Treasurer; August 11 1864, NYT reports 'grand haul of counterfeiters,' the Johnston Family and 11 presses, dies, ink, paper seized; 1894, encased stamp issuer Boston pharmacist Joseph Burnett dies; August 12 1858, first Hawaiian bank, Bishop & Co. opened by Charles Bishop and William Aldrich; 1930, currency speculator George Soros born; 1971, Oil City Pennsylvania circulates "Centennial Purchase Coupons" for one cent; August 13 1910, Florence Nightingale, who appears on U.S. obsoletes, dies; 1971, BEP Director lames A. Conlon tells SPMC Bureau favors 52 note, opposes multi-colored bills; August 14 1912, BEP and U.S. Mint engraver Edward R. Grove born; 1970, Bank of Scotland 5- pound note shows Sir Walter Scott; August 15 1864, Some Compound Interest Bearing Treasury Notes bear this overprint date; 1935, Treasury announces new $1 note back with obverse and reverse of Great Seal; Historically since 1933, the largest purchaser of rare American paper currency ... CALL 888-8KAGINS August 16 1869, Third Issue of Fractional Currency ceases, according to Matt Rothert; 1918, German Co-Operative Savings and Loan Assoc., Buffalo, NY changes name to Lincoln Savings & Loan Assoc.; August 17 1837, Virginia Governor John B. Floyd, who appears on state notes, dies; 1893, Banknote engraver John W. Casilear dies; 1948, Israeli Parliament passes Bank Note Ordinance Act; August 18 1775, issue date of first of Sword in Hand Massachusetts notes engraved by Paul Revere; 1961, paper money enthusiasts meet at Atlanta dealers home to discuss forma- tion of paper money society; August 19 1861, CSA authorizes Treasury Notes payable six months after peace treaty with U.S.; 1966, SPMC holds its annual meeting; August 20 1722, first colonial engraver of American paper money John Coney dies; 1927, Irish Currency Act authorizes gold coinage and legal tender issue of currency notes; August 21 1862, first issue of Postage Currency according to New York Times; 1964, Ernest Craighead receives $2.50 gold piece for second best article in Paper Money; August 22 1862, S.M. Clark appointed chief clerk, Treasury Department; 1903, BEP ships first small size currency (Philippine peso notes) to San Francisco; August 23 1858, counterfeits circulate of Howard Banking Co., MA notes despicting Santa Claus in his sleigh; 1947, Aubrey Bebee, George Blake, William Donlon, W.A. Philpott, Ted Hammer display paper money at Buffalo, NY ANA show; August 24 1814, British burn Main Treasury Building; 1861, first Demand Note, a $10 payable at Philadelphia, issued by the Treasury Department to Salmon P. Chase; August 25 1774, New York Water Works Colonial Currency (FR NY167-170) bears this date; 1936, U.S. paper money and Fractional Currency collector Charles Markus dies; August 26 1861, issue of Demand Notes to the public commenced, according to U.S. Treasurer Jas. Gilfillan; 1912, Congress appropriates funds for construction of an additional 12 currency laundering machines; 1921, Thomas Elder sells Lewis C. Gehring paper money and coin collection; August 27 1861, "First Richmond Issue' CSA notes released; 1942, National Bank Note researcher/author Peter Huntoon born; 1962, Treasury Secretary Dillion writes off $9 million in Old Series Gold Certificates as lost/destroyed; August 28 1846, BEP engraver Robert Ponickau born; 1909, publisher John Oliver Amos, founder of Coin World, born; 1911, Ben G. Green exhibits one of the largest and most com- prehensive 'collections of encased postage stamps' in the country' at the Chicago Art Institute during the American Numismatic Association convention; August 29 1780, Treasury Secretary Richard Rush born; 1814, NYC Common Council approves issue of $23,000 in small change bills in response to request from Mayor DeWitt Clinton; August 30 1801, Colonial paper money enthusiast Joshua I. Cohen born; 1948, Bank of England issues Treasury Note for £1,000,000 in connection with the Marshall Plan; 290 July/August 2009 • Whole No. 262 • Paper Money Windham 25 Corporation. 25 THE proprietors of Windham Turnpike Road, jointly promise to pay the bearer, TWENTY-FIVE CENT'S, in currant Bank Bills, when demanded at either of their gates, or receive the same for toll. P. 25 •ir* Windham Turnpike Road 10 undated black (R) 30 undated black (R) 40 undated black (R) 50 undated black (R) 12 1/0 undated black (R) 170 undated black (R) 250 undated black (R) sheet 50 , 250 , 170 , 12%20 , 10 , 40 , 30 , 1 (R) Winsted Clifton Mills Co. Hurlbut Bank 100 printed Oct. 15, 1862 red (R) Wolcottville Wolcottville, - Conn.' - ,), EA 11,)2t) cipciro ) r. t )1! • 0 A • 1. at our Store. Alvord & Brother Dealers in Boots & Shoes Denomination ? undated 3 vignettes lft. , rt. , ctr. color ? (R) Gb, AsGZ_JI DT_TF, "Ca.._,6r --womb/fry, cr. k,li •11!1:i \‘,1 titAd v-,4 nrirmiskr --, -(loops. Y 7 ii, I iIfie e, t c 1, ,er, 5,,V e. , :i ! : ,,,7,,,,_ ,.-,,,,, f.„ 4,-, .z. ,--,...„7 ,-,...,.. 7,t D T.1 E TOE BEAllElt 1462. (n.clt warn/ CENTSFIVE L .11. (It,•,.,,e)4 ene Thew likknial ko' ctitter-ottcr iDGEPORT,. CONN. 41. Paper Money • July/August 2009 • Whole No. 262 291 Woodbury Beardsley & Peck 25c same Dec. 6, 1862 man holding sheath of grain lft. black on yellow paper (R) 5c handwritten Dec. 12, 1862 black (R) Woodville F. Chittenden Bridgeport Bank 30 printed Nov. 26, 1862 woman ctr. black (R) 5c same (R) 25c same (R) 142. fez filep1X7 CENTS , tvium. /2i-f' fie j Slim a clic. THREE 604 i Li 612e corts*Itir BRIDGEPORT, CONN. AV. 26, 2-Pay tcrack Lak_.= 4 t.rr 3-V, 26, Ra?, THREE enc -- ^ ffe ?nand 4.7 'Tr; To-Pricj t(9 To the Paymaster of the 1st Conn. Heavy Artillery. FOR VALUE RECEIVED, PLEASE PAY _A.,> EL> DA :NEE S r.11 1.1T I and deduct the same from my pay at the next pay day, and oblige Of Company Approved by 292 July/August 2009 • Whole No. 262 • Paper Money 3c printed Nov. 26, 1862 woman in oval ctr. black (S) 5e same black (S) 100 same black w/ red 10 (R) F. Chittenden Phoenix Branch Bank 3c printed Nov. 26, 1862 man standing ctrblack & bank name in red (R) 100 same unissued w/o bank name in red (R) SUTLER ISSUES 1st Conn. Heavy Artillery A. H. Daniels sutler W. H. Moore, Print. paymaster order handwritten 186 unissued black paper (S) Paper Money • July/August 2009 • Whole No. 262 293 ;;,- To the Pa,3rmastr of 4th Regiment of Connecticut Volunteers Ai.1171.: ItE(T.: E:' F. Eli, Lss, j13., S ,Itart ,, (if olio; twit' tIminet i .•411111! Ilign1011/1111( I , Witt tikhaf: 4 e- 1:4 4-1 .... . . . . . .... Of Company 4th Regiment Connecticut Volunteers E. Bliss Jr. sutler Cutter, Tower & Co. Stationers 7 Beekman St. N.Y. paymaster order handwritten Dec. 3rd , 1861 52.00 black, on paper kl..4*, • 6th REGIMENT. 10. . . lieemabi4Pof Ev• • UNTIL NEXT Pik DAY, 6th Regiment Conn. Volunteers overprint Samuel A. Cooley Sutler 10 undated Redeemable in goods only. Until next pay day black on green cardboard overprint red sco-carassormragosernosamsfareassawagsse 6th Reet. Conn, Vols, ; 5 E, D. CARDNER, m m SUTLER.. ql1a17170% 6th Reg't. Conn. Vols. E. D. Cardner sutler 102 undated good for 10 cts in goods back 10 black on yellow cardboard (R • (R) (R) F 294 July/August 2009 • Whole No. 262 • Paper Money Sutler's Department, Eighth Regiment Infantry, C. V. ea. kro On Pay-clay I aztehothe Paymastdr of the 8th Reg't Infantry, C. V. to deduct from my'lpay Dollars, And pay the same to GEO. II. MOORE, SUTLER, itu the amoita received , f omr him in trade. itg or COIPANY. C -ers■—■..tarr r aw.r. 8th Regiment Infantry C V Geo. H. Moore sutler paymaster order handwritten Dec. 17, 1861 $2.00 black paper (R) SUIVINIARY This listing is most likely not complete but should represent the greater number of issues available. A sin- cere effort has been made to canvass the known specialists of this collecting field representing well over 200 years of collecting. As a service to collectors a complete and periodically updated listing may be downloaded at no cost from the website of the Mansfield Numismatic Society, www.MansfieldNumismaticSociety.org . Collectors locating examples of Connecticut Merchant Scrip not yet listed are encouraged to contact the authors for future inclusion. To contact either of the authors please e-mail to: oldmoneyinfo@yahoo.com or mail to C. John Ferreri, P.O. Box 33 Storrs, CT 06268. ACKNOWLEDGEMENTS The authors would like to acknowledge the following collectors for their unselfish help in supplying copies or descriptions of scrip notes in their possession. Thanks go to Richard Ulbrich, Joseph Nye, Robert Galiette, James Ference and Bruce Hagen for supplying information and/or images of many notes not previously encoun- tered by the catalogers, and to the Connecticut Historical Society for access to its archives. Also, to the Mansfield Numismatic Society for allowing space on its web page for this listing. It is appreciated that Mr. Fred Reed, Editor of Paper Money magazine and the Society of Paper Money Collectors gave us some guidance and provided a plat- form with which to launch this endeavor. REFERENCES Bowen, Harold L. Early Michigan Scrip. Privately printed, (1950s?) Harris, Gordon. New York State Scrip and Private Issues. Privately printed, 2001. Hartzog, Richard. www.exonumia.com . Haxby, James A. Obsolete Bank Notes, 1782 -1866. Iola, WI: Krause Publications, 1988. Heritage Auction Galleries, Dallas, various auction catalogs. Hewitt, R. Shawn. History and Catalogue of Minnesota Bank Notes And Scrip. New York: R. M. Smythe & Co., Inc., 2006. Jacob, C. Albert Jr. "Cardboard Money of the Civil War," The Numismatist, December, 1937. Keller, Kenneth. Sutler Paper Money. Kenneth Keller. Rockford: World Exonumia Press, 1994. Lafond, Kevin. Portsmouth (New Hampshire) Merchant Scrip. Privately printed, 100 well illustrated pages of a lec- ture given before the Piscataqua Decorative Arts Society, May 23rd, 2006. Muscalus, John A. Massachusetts Scrip. Bridgeport, PA: Historical Paper Money Research Institute, 1974, 35-page illustrated monograph. Newman, Eric P. The Early Paper Money of America, 4th ed. Iola, WI: Krause Publications, 1997. R.M. Smythe, New York, various auction catalogues. Stack's, New York, various auction catalogues and scanned images. Wismer, D.C. "Necessity Paper Money Issued in the U.S.," The Numismatist, September, 1940. THE BUCK A Primer for Collectors BY GENE HESSLER ACT 0E alma- XI • 15 61 vzza;=1ClaM ouors THEAstitrEtt 01 TH E U.S. AT N EW YORK Paper Money • July/August 2009 • Whole No. 262 295 Engraver's kin searches for his banknote art THERE ARE SECURITY ENGRAVERS IN THIScountry and some in Europe with whom I have become acquainted. I have become a dedicated student, one obsessed might be more appropriate, of engravers and their work. So, when I received a telephone call from a gentleman who identi- fied himself as the great grandson of Alfred Jones, one of America's best security engravers, I was extremely pleased. After a few telephone calls including one to American Bank Note Company (ABNCo), this man was directed to me. He was aware that his great grandfather once engraved for ABNCo, but knew nothing of the work his relative produced and how examples could be obtained. This descendent, I'll call him Mr. D, had some knowl- edge of the commercial engraved work of Alfred Jones, and contacted every art club and organization to which his relative once belonged. With some suggestions from them, examples, most often illustrated pages taken from books, were purchased from a variety of places. I sent Mr. D a copy of The Engraver's Lille, a book I com- piled that included lists of engraved work by engravers who worked in America since the late 17th century. The list for Alfred Jones (shown below) is extensive. He engraved sub- jects for U.S. obsolete notes, U.S. federal notes, and paper money for more than 20 countries. In addition, the engraved work of Alfred Jones appeared on corporate bonds, stock cer- tificates and postage stamps. And, I told Mr. D that I would help him to obtain a few examples on the list. Most of the notes on the list would be extremely expensive, neverthe- less I felt confident at least five inexpen- sive notes should be available. Two of my colleagues also offered to send engraved examples by Mr. Jones to Mr. D. In November 1998 I attended the annual PCDA Paper Money show in St. Louis. I was able to locate three examples of bank note work by Alfred Jones. They were a one peso, PS111 from Guatemala, a 10 soles, P67 from Peru, and a 10 peso, PS212 from Uruguay. At the time the average price for each was about $20. 1 actually had located a fourth example however, the price was more than I knew Mr. D could afford, so I did not purchase it. Later, at home, I examined the Guatemala note with an attractive image of a female holding a basket of roses: the vignette is entitled Roses. The back has an engraving of a miner using a pneumatic drill. Looking through The Engraver's Line, I realized I had not cross-referenced the latter subject from a Mexican note. The miner was also engraved by Jones. Mr. D was delighted with all three notes, but the Guatemala note, with both face and hack subjects by Alfred Jones, was a bonus. Here it would be appropriate to briefly mention something about Alfred Jones, the engraver. He was born in Liverpool, England in 1819. We don't know when he came to the U.S., however, he was working for the security firm of Rawdon, Wright, Hatch & Edson in Albany. Jones studied at the National Academy of Design, and The American Art Union published a considerable number of his engrav- ings. In 1846 Jones stud- ied art in England and France; he wanted to improve his abilities as a watercolor artist. When he returned the artist did watercolor work, how- ever, it was necessary to work as a bank note engraver. When ABNCo absorbed Edmonds, Jones & Smillie, Alfred Jones became the superintendent of the picture engraving depart- ment for ABNCo. Before the Bureau of Engraving and Printing was able to produce all of our paper money, ABNCo prepared some of it. Alfred Jones engraved six subjects at ABNCo that were used on U.S. federal paper money. Examples are: America on the $20 demand note (shown above), Washington Crossing the Delaware on the $50 and Franklin and Electricity on the $10, both first and second charter national notes. The life of Alfred Jones came to an abrupt end on April 18, 1900. At 33rd Street and 5th Avenue in New York City he was struck by a hansom cab. The driver fled and one of America's legendary engravers died the following day. I will continue to search for other examples for Mr. D so he can arrange an exhibit, which he plans to take to schools and any organization that would like to learn about security engraving, especially by Alfred Jones. (Reprinted with permission from Coin World May 24, 1999) July/August 2009 • Whole No. 262 • Paper Money296 Dear Fellow Paper Money Lovers: Fred Reed, our editor, ever mindful of deadlines, has asked me to write this month's President's Column. He has anticipated that I will protest, as I am not, at the time of this writing, the Society's President, but he suggests that this col- umn is an opportunity for me to "outline a vision for the Society and that my goals for the next couple of years [if nomi- nated and elected] would be great to hear." While I very much appreciate his support and confidence, I would be more comfortable talking to these topics if and when I am in the job. And, with some new players joining our Board of Governors, I think it only appropriate that any forthcoming agendas benefit from discussion with the Board. The SPMC may not yet have selected its new president as I write this, but we do have a new President in Washington, DC. Whatever your politics, he has certainly been a champi- on, during his campaign and upon his inauguration, of volun- teerism. In our hobby, volunteerism is not a new idea, it is the life blood of the hobby. Yes, there are plenty of professionals in our hobby. The vast majority have splendidly refined sensi- bilities about the importance of supporting the conventions, activities and events, clubs, and associations such as the SPMC. But when you travel to any hobby-related event, bene- fit from any educational activity, go to any club meeting, attend any convention, look at any exhibits, or join a club, there are a slew of people who care deeply enough about our hobby to energize and organize for our collective benefit. Your Board of Governors [previously and newly elected] are part of that energetic group, as are two individuals, despite the fact that they are stepping into new roles. Judith Murphy, a previous SPMC president who has served the SPMC in so many wonderful ways, has made the decision to relinquish her seat, but intends to continue in her role of growing our regional meeting activities. It would take more than a whole column to list her contributions and prop- erly thank her, but since I hope her involvement continues for a long time to come, that can be attended to at a later date. Benny Bolin has been a delightful two-term President, and whoever steps into his shoes is left with the blessing of a Society left in better shape than the one he began presiding over four years ago, but is cursed by following a noble, com- mitted and agreeable style of leadership that was organized and fun. Benny has brought a progressive and constructive approach to the Board, to difficult issues, and, if he can be faulted for anything, it is for taking more on his own shoulders than he should. He is to be thanked by one and all for his ser- vice, and it is a huge relief to me that he will continue on in his role as past president. And, as is the case with Judith, I hope he can be bound to service in the organization for a long time to Come. In our last issue, we indicated that we have two donors of new blood joining the Board of Governors. Mike Scacci and Shawn Hewitt both represent the core of our hobby — long time and passionate collectors, with strong fundamental understanding of what makes our hobby vibrant. I encourage members to get to know these new governors if you do not already, as they join an already very fine group of people. Also as I write this, the big annual paper money collector event of the year — Memphis! — is changing caretakers, moving from its birthparents — the Memphis Coin Club, to a new owner who has been associated with it for as long as it has been in existence, Lyn Knight. The show is in it 33rd year, Lyn will take over in 2010, and it is hard to imagine that any- body could bring a more refined sense of the Memphis tradi- tion to its stewardship going forward. It is a tough economy, but the true paper money collector seems to me to be surprisingly active, and I hope we see a record crowd in the River City this summer. After a great deal of discussion — actually, years of it - we made a painful deci- sion, to move our Friday morning breakfast across the street. We did this after much thought, and while we recognize that moving outside the hotel is a small inconvenience, we expect the quality of the event, the camaraderie, the food, and the Tom Bain raffle prizes, to more than make up for the change. If we don't see each other at the breakfast, I will hope to have seen you at the membership meeting on Saturday, and, as always, we will continue to look to you, our members, for feedback on how we have done our job for you. Later this summer, just after the ANA convention, there is one more special event for our members to post on their cal- endars. The Higgins Museum in Okoboji, Iowa, is planning to hold a two-day educational seminar, focused, understandably, on National Banking topics and featuring four authorities in the field: James Hughes, associate curator of the Smithsonian National Numismatic Collection; Don C. Kelly, author of the widely referenced National Bank Notes reference; Allen Mincho, long-time collector, dealer, auctioneer, and writer in the Nationals field, and James C. Ehrhardt and Steven J. Sweeney, co-authors of Iowa National Bank Notes. The event is sponsored by the Central States Numismatic Society, the Professional Currency Dealers Association, and your Society, with support also provided by Bank Note Reporter. So take advantage of this unique opportunity. The event starts with a welcome reception on the evening of Wednesday August 12th, concluding Thursday the 13th at the museum in Okoboji. For any of you who are not familiar with the museum, it houses the largest collection of Nationals on permanent exhibit any- where, and is situated in the heart of northwest Iowa's lakes resort and recreation area. There is a $50 registration fee [$40 for CSNS, PCDA and SPMC members], covering a catered lunch and snacks during breaks. Anyone wishing to participate in the seminar sessions must register in advance by contacting Higgins Museum curator Larry Adams, who can be reached by calling 712-332-5859, or by e-mail to ladams@thehigginsmuseum.org . Wishing you all a healthy and happy collecting summer, let me close with John Hiatt's suggestion: "Let's go to Memphis in the meantime...." Sincerely, Mark Paper Money • July/August 2009 • Whole No. 262 297 (M9F MaEn Paper Money will accept classified advertising on a basis of 154 per word (minimum charge of S3.75). Commercial word ads are now allowed. Word count: Name and address count as five words. All other words and abbrevia- tions, figure combinations and initials count as separate words. No checking copies. 10% discount for four or more insertions of the same copy. Authors are also offered a free three-line classified an in recognition of their contribu- tion to the Society. These ads are denoted by (A) and are run on a space available basis. Special: Three line ad for six issues = only $20.50! HERE'S YOUR OPPORTUNITY!!! YOUR WORD AD could appear right here in each issue of Paper Money. You could advertise your duplicates inexpensively, or advertise your Want List for only $20.50 for three lines for an entire year. Don't wait. (PM) STANDARD CATALOG U.S. PAPER MONEY (Cuhaj) 23rd Edition, 1300 photos, large, small, fractional, errors, etc., 432 pages/hardcover $16.95 Sanford Durst, 106 Woodcleft Ave., Freeport, NY 11520 (264) SMYTHE AUCTION CATALOGS INVENTORY, 50 sues 2003-2008, most Schingoethe Obsolete Sales, others, prices realized, list (including many titles), SASE, Sanford Durst, 106 Woodcleft Ave., Freeport, NY 11520 (264) NEW JERSEY'S MONEY (George Wait), out/print, 440 pages, hundreds Obsoletes Illustrated/Described, Rarity Guide, hardcover, scarce $49.95, others, Sanford Durst, 106 Woodcleft Ave., Freeport, NY 11520 1264) THE PRICE OF LIBERTY (William Anderson), out/print, heavily illustrated, Public Debt-American Revolution, 180 pages. hardcover $34.95, others, Sanford Durst, 106 Woodcleft Ave., Freeport, NY 11520 (264) EARLY NORTH AMERICAN ADVERTISING NOTES (Robert Vlack), Money "Lookalike" advertisements, 900 illustrations, 357 oversize pages, values, out/print, $29.95, others, Sanford Durst, 106 Woodcleft Ave., Freeport, NY 11520 (264) FIFTY PAPER MONEY TITLES including many SPMC out/print "obsoletes" titles, also coins, medals, stocks/bonds, bootlist, SASE, Sanford Hurst, 106 Woocicleft Ave., Freeport, NY 11520 (2641 STANDARD CATALOG OF World Paper Money (Specialized Issues). Ninth Edition, 17,500 Notes, 10,000 photos, values. Was $65 now $27.95, others, Sanford Durst, 106 Woodcleft Ave., Freeport, NY 11520 (264) WORLD NOTGELD 1914-1947 (Courtney Coifing), 60 countries, 400 pages, illustrated, color plates, 13,000 listings, values. Was $35, now 521.95, oth- ers, Sanford Durst, 106 Woodcleft Ave., Freeport, NY 11520 (264: 100 GREATEST AMERICAN Currency Notes Bowers/Sandman) full color throughout, valuations, 140 oversized pages. Amazing, was $30 now $21.95, Sanford Durst, 106 Woodcleft Ave., Freeport, NY 11520 (264) REGISTER OF THE CONFEDERATE Debt (Raphael Thian) 190 pages, classic reference, long out/print, Douglas Ball introduction, hardcoverecl, scarce $34.95, Sanford Durst, 106 Woocicleft Ave., Freeport, NY 11520 (264) INTERESTED IN BUYING MISMATCHED serial number notes--with 2 or more numbers mismatched. Also, any information about mismatched serial numbers of this type is appreciated. Kevin Lonergan, Box 4234, Hamden, CT 06514 (262) Wanted: Pre-1900 Notes from Liberia, Africa. Please email to mikej251@aol.com or write Michael S. Jones, PO Box 380129, Murdock, FL 33938-0129 (262) WANT TO BUY Small Size Type 1 55.00 National Currency from the first National Bank of Hoopeston, Ill. Charter no. 2808. Large Size $10.00 (1902-1908) Date Back from the Hoopeston National Bank of Hoopeston, Ill Charter no. 9425 and small size notes from The First National Bank of Milford, III Charter no. 5149. Write to Mike Fink, P.O. Box 177, Hoopeston, ILL 60942 (261) NJ TURNPIKE TOLL SCRIP from the 1950s-80s. Looking for any info on, and also looking to buy same. Send info or contact: PO Box 1203, Jackson, NJ 08527 or fivedollarguy@optonline.net Jamie Yakes, LM338 (A) NEW BOOK: ABRAHAM LINCOLN, THE IMAGE OF HIS GREATNESS, near- ly 1000 photos, paper money, bonds, checks, stocks, etc. Only $37 post- paid, autographed if you prefer. Contact Fred Reed fred@spmc.org (264) WILDCAT BANKS OF WAYNE COUNTY (Ohio), 80 pages, S30 postpaid. Raymond E. Leisy, 450 N. Bever St., Wooster, Ohio 44691 (A) WANTED: Notes from the State Bank of Indiana, Bank of the State of Indiana, and related documents, reports, and other items. Write with descrip- tion (include photocopy if possible) first. Wendell Wolka, PO Box 1211, Greenwood, IN 46142 (264) NEW MEMBERS Membership Director Frank Clark P.O. Box 117060 Carrollton, TX 75011 SPMC NEW MEMBERS - 04/03/2009 These memberships expire 12/31/2009 12893 Douglas Barden, 761 W. Scott St Apt 216, Dond du Lac, WI 54937 (C, US Large & Obsoletes), Website 12894 Guy Harrell (C & D), Website 12895 Ralph W. Moyer, 1781 S. Spring Road Unit 240, Vineland, NJ 08361 (C), Benny Bohn 12896 Tim Mitchell, 186 Skyline Drive, Indian Springs, AL 35124 (C & D), Website 12897 Andrew Keene, 7447 N. Lombardy Rd, Fox Point, WI 53217 (C, World), Website 12898 David O'Hanlon, PO Box 428, Blair, NE 68008, (C, Obsoletes), Website 12899 John C. Wyndham (C), Frank Clark 12900 Douglas W. Grace (C, World), Website 12901 Albert Amador (C), Jason Bradford 12902 Gerald Bardman (C), Jason Bradford 12903 Andy Binasik (C), Jason Bradford 12904 John Cea (C), Jason Bradford 12905 Susan Cohen (C), Jason Bradford 12906 Wayne Koser (C), Jason Bradford 12907 David Lam (C), Jason Bradford 12908 J. Daniel Lewis (C), Jason Bradford 12909 Lawrence Lind (C), Jason Bradford 12910 Steve Sachs (C), Jason Bradford 12911 Al Sia Jr. (C), Jason Bradford 12912 John Spolm (C), Jason Bradford 12913 Robert St. John (C), Jason Bradford 12914 Hoang Van Bui (C), Jason Bradford 12915 Edward Wolff, (C), Jason Bradford 12916 Mel Zuber (C), Jason Bradford LIFE MEMBERSHIP LM392 Theodore H. Mayer, 101 Piney Woods Court Apt 122, Houston, TX (C), Frank Clark converted from 12860 July/August 2009 • Whole No. 262 • Paper Money298 Notes from North of the Border By Harold Don A n \Aliat's in a number? If it's the serial number identifying a unique item of folding money, then quite possibly more than you first might think. The great majority of modern world notes take on both added interest and a sense of "one of a kind" by virtue of serial numbering--the routine assignment of identifying digits or alphanumeric sequences which you assume to indicate order, but which, in many instances, may serve to communicate con- siderably more. To those in the know, a Swedish initial digit tells the year of issue; an Eastern Caribbean suffix letter attests to the coun- try of origin; a Canadian three-letter lead-in encodes both the note denomination and the security printer, and a Euro final figure is a computer-age "check digit," serving to authenticate the serial number and to lend credibility to the note. A serial number, of course, may derive from no more than an integer sequence, starting with "1"--highly collectible:--or other arbitrary figure, and extending as high as circumstances require. That, as the Bank of England money museum delights in showing, is precisely how note numbering as we know it began. The bank's first notes--as on display--had been partial- ly-printed, "bearer" receipts (for gold deposited), with the actual amount penned in as "repayable to the bearer on demand." Further, the number of the note (receipt) corre- sponded to the line in the register in which such deposits had been recorded. More sophisticated approaches to note numbering have been either for compactness (Y/5 67890, rather than, say, 23567890) , or else to encode additional information (denomi- nation, series, place of origin) or to pro- vide an "internal check" on the number itself. Some such particulars were revealed in early counterfeit detectors, or observed for themselves by workers in foreign exchange. One instructive example relates to the 35-year British West African "palm tree" emission, notably the green I() shillings and red 20 shillings that saw extended service in Nigeria, Ghana, the Gambia, and Sierra Leone, through World War II. Plate notes (second "type" in my vintage Pick) are num- bered F/4 349247, for the 1941-dated 10 shillings, and Z/10 968617, for the 1947-dated 20 shillings--an early Note numbers may encode nformation "replacement," or were numbers running out? The numbering quirk I found discussed in a Thomas Cook "exchange" guide, back when such notes still were cur- rent, say in 1952. The denominator of the alphanumeric pre- fix of a genuine note would be 1 higher than the lead digit of the six-figure serial. So, now we know! As one systematically studies and collects a country, a sense of its note numbering develops, though absolute certain- ty is elusive. I like World War II , British Guiana government money-- the illustration (below) is a pre-War 1938 Kaieteur Falls / King George VI back $1 endorsed as redeemed, "Senior Carrency Officer ... 1961." Even a most--basic "denomination set," the 1942-dated final printing, evokes significant conjec- turing. My yellow and deep purple $100 (distinctive!) is .A/1 08682, while the $20 is a low A/2, the $10 a higher A/2, the $5 a B/4, the $2 an E/3 ... and the red $1 is J/6 45269. Numbers evidently ascend to 99999 (or 100000), prefixes run A/1 to A/9 (or A/10), then B/1, and so on. Indeed, should letter "I" have been omitted, my $1 could have been note 8,645,269--you sense the line of thought. Numbers "compacted" by alphanumeric prefixing and/or suffixing? As I leaf through "classics," arrangements such as the following all but cry out for number-watcher investigation: I . NAB 100007. Commonwealth of Australia, $5, no date (1968), Banks / Chisholm portrait note. 2. AE 7675270 E. South African Reserve Bank, 200 rand, no date (current), head of leopard (top opposite). 3. A167 / 084. The Union Bank of Scotland Limited, 20 Paper Money • July/August 2009 • Whole No. 262 299 AE7675270 E C:1 C=1 SUID-AFRIKAANS rf RiSSEVIEBACC , 0.i,*.W iTJ 0 o a s PGOVZ,,Vr SOUTH AFRICAN RESERVE BANK A E 7675270 E MUM= + 4** • 1: ''',..414LALICIALLVAI 1 1 1' . • G4,,,,,AIBILMLINEOJAILEVENE) SLaffill. IFNIfij PROMISES TO PAY TIM MAUR ON DEMAND AT SINGAPOTE --c 94749 TEN4 DOLLARS •Raf#,,nri LOCAL CURRENCY FOR VALUE RECEIVED 11TJANUARY 1935. 399474,9 r6)..4.114.0:027-05.~Wril 10T--ExafiDt-f0-e±ofcor.ette.:-07?)EklEr6Pit.:.(02•JaAq■ 627504 TgL y` r'627.504 pounds, 1st May 1953, sailing ship, heraldic arms. 4. C/39 94749. Government of the Straits Settlements, $10 (right), 1st January 1935, King George V portrait note, final date. 5. 1BX 09609, Banco de Portugal, 50 escudos ouro, Ch. 3, 13 de Janeiro de 1925, Christovam de Gama portrait note. 6. D/DU 1,255,504. Barclays sunk (Dominion, Colonial, and Overseas), $5 in local currency, Port of Spain, Trinidad, 1st February 1938. Now, a tough one to ponder: when far from home, I seldom pass up oppor- tunity to seek current money--and a provisional release can be something rather special, of course. Forty years ago, I left Le Tresoire on Place de General de Gaulle- -think Saint-Pierre-et Miquelon—with the "La Reunion" over- printed 1 nouveau franc, the revalued Belain d'Esnambuc 50 francs. A nice item, crisp and at face. My note I now observe to have been numbered in two fashions, an alphanumeric K.30 and 06298, plus a nine-digit 073406298. Well reserve for future consideration the manner in which those two number- ings possibly relate. Any suggestions? Our concluding illustration this column, a Dominion of Canada $1 (below) from the new nation's inaugural legal ten- der release of 1870, offers important insight into traditional numbering techniques. So, focus not on the allegorical female with globe (turned to Canada), nor the vignette likeness of Jacques Cartier, the early mariner, but rather on identifying digits, 627504. In a Victorian practice which was to persist well into the next century in both Canada and the United States, the number is not a note serial number—but, rather, a sheet number. The position letter, here "D" (lower left and right), is essential to identify the individual note. Further, 1870 $1s were "domiciled" in several major cities. The blue sheet number, and the high number itself, serves to attest to a Montreal note. Sheet numbering into the 20th century? Yes, consider, representatively, the Bank of Canada first issue of 1935 (sheets of four) and "Type 1" United States National Bank currency of 1929 to 1933 (sheets of six). In many instances, the numbers on a note do rate--and reward--an informed second glance. 300 July/August 2009 • Whole No. 262 • Paper Money Laura Biggerstaff, National Bank President By Karl Sanford Kabelac 4I AURA COLEMAN WAS BORN IN WEST HAMPTON, MASSACHUSETTS,on January 9, 1844. She moved with her family to Missouri when she was 15. When in her early 20s, she taught school for a year in Edina, Missouri. Edina, the county seat and largest community in Knox County, is located in the northeastern part of the state. It was origi- nally surveyed by Stephen W. B. Carnegy, a native of Edinburgh, Scotland. He named it Edina, a poetic version of Edinburgh. A centu- ry ago, it had a population of about 1500. In 1868, at the age of 24, Laura Coleman married Richard M. Biggerstaff of Edina. She was to live in the community for the next 54 years. Edina Has 'National Bank. Ott August 1, the B. M. a g ka,i1 Bank, ono of Edam's - banking institutions, eieasod exist and its RUCC(3614Or t The Filet National Bank of, Edina, became a reality, with a capital NtOratt of $.35,000. The change Ie made without a moment's delay° in. NM" iness so well wac everything sykP tomized. On. July - 31 the $an went down on the B.• M. 1316orstalt Bank and on August 1 row on the new,; organization. It is With KW small degree of wido that women. Lion this matter Fit it is oils elop forward for Edina. The (Fero of officers and directoVs 0044flik1i of competent, conservative fmanoionl as follows: Mrs. R. M. Illigger staff, president; W. H. Padgett, vice-president; John IV, B01,. cash- ier ; P . ' K. G1bbone, agoistent cashier. Direetero, iVits. R. Biggerstaff, W. R. Padgett, Altsint Stander, John F. Beal as 61 Beal. Business will coain the same stand au the handsaw) bank building permed lice tile: now orfp.nization with the ehanio, Her husband was a widower some fifteen years her senior. During his lifetime, he was a horse trader, a farmer, a businessman, and a banker. In the latter role, he was a founder of the Bank of Edina in 1876, and later its vice president and then president until 1903. In 1904, he organized his own bank in the community, the R. M. Biggerstaff Bank. Following his death at the age of 78 on December 20, 1907, his widow became its president. The Biggerstaff Bank became The First National Bank of Edina (Charter #9490) on August 1, 1909. Laura Biggerstaff was its president and served in that capacity until it was voluntarily liquidated in September 1914. It was immediately succeeded by The Citizens Bank of Edina, which survives to this day. Mrs. Biggerstaff was also one of the stockholders in the new bank. She moved from Edina to southern California for health rea- sons in 1922. She made her last visit to Edina in 1929, when she was 85, and died in West Hollywood, California, in 1935 at the age of 91. During its five-year history, the bank issued only third char- ter date backs; 2,072 five dollar, 1,254 ten dollar, and 418 twenty dol- lar notes. Of the total amount of 831,260 issued, 88,360 was outstand- ing when the bank was liquidated. None are know to survive today. It is possible that Laura Biggerstaff signed every note issued by the bank, although there is no way of knowing. Sources and acknowledgements Newspaper account of the opening of The First National Bank of Edina, Mrs. R. M. Biggerstaff, president, August 1909. An obituary for R. M. Biggerstaff appeared in The Edina Democrat on December 27, 1907. An article about the R. M. Biggerstaff Bank becoming The First National Bank of Edina appeared in the same paper on August 6, 1909, and a legal notice of the voluntary liquidation of the national bank appeared in the same paper for Friday, September 25, 1914. An obituary for Laura Biggerstaff appeared in an unnamed paper (probably from Edina) for January 17, 1935. The assistance of Annie Fisher of The Citizens Bank of Edina is gratefully acknowl- edged. Paper Money • July/August 2009 • Whole No. 262 301 Myrtie McHenry / Myrtie McHenry Langdon, National Bank President By Karl Sanford Kabelac MYRTIE CONNEAU WAS BORN IN MODESTO, CALIFORNIA,on December 2, 1878. Modesto, about 85 miles east of San Francisco, then had a population of about 1,600. She was the daughter of Frank E. Conneau, a Frenchman who had arrived in California in 1849, and Annie Waters Conneau, a native of Ireland. Myrtie was one of eight children. She attended the newly opened Stanford University, and was graduated in January 1901 After teaching for a year, she married Oramil McHenry of Modesto on May 15, 1902. He was the only child of early California settlers. His father, Robert McHenry had been the founding president of the First National Bank of Modesto (Charter #3136) in 1884. He succeeded to the presidency of the bank in 1890. Oramil, a well-liked and very successful businessman, was struck down by cancer, which surgery had been unable to cure. He died on February 21, 1906, at the age of 44. Anticipating death, he had transferred various proper- ties, including his bank holdings, to his wife shortly before his death. She suc- ceeded him as president of the bank. Their son, Merl, remembered sitting on his mother's lap in the library of their home as she signed National Bank Notes of the bank. On April 20, 1908, she married William H. Langdon, a successful lawyer who was then District Attorney of San Francisco. She continued on as president of the bank until January 1910, when her husband became president. The next year they sold the controlling interest in the bank, with Mr. Langdon stepping down as president. This allowed him to spend more time with his legal career. The bank was voluntarily liquidated in 1920 when it was taken over by a Sacramento bank. Mr. Langdon had a successful judicial career, dying unexpectedly in San Francisco in 1939. His wife survived him by 20 years, dying in San Mateo, California on August 18, 1959. She was survived by her son by her first mar- riage, and a daughter and son by the second marriage. The IVIcHenry family home in Modesto, built by Robert McHenry in 1882-83, is an historical house museum today. Myrtie C. McHenry Langdon had lived there from her marriage in 1902 until she and her family moved from Modesto in 1919. Sources and acknowledgements Biographical sketches of Robert and Oramil McHenry, Frank Conneau, and .Myrtie McHenry Langdon are found in George H. Tinkham, History of Stanislaus County, California With Biographical Sketches , Los Angeles, 1921. Her obituary appeared in The Modesto Bee for August 19, 1959. Colleen Stanley Bare's The McHenry Mansion, Modesto's Heritage, Modesto, 1985, is a very informative account of the home and family. The assistance of Janet Lancaster of the McHenry Museum is greatly appreciated. 302 July/August 2009 • Whole No. 262 • Paper Money "I'll miss my good friend Tom Minerley" By Bob Moon FORMER SPMC SECRETARY AND BOARD MEMBERTom Minerley passed away recently. When someone pass- es away, the obituary focuses on the vital statistics — in Tom's case, he was born on June 6, 1951 (he was reluctant to share his birth date due to it always being tied to D-Day); he died on March 29, 2009, and was buried in his home town of Ballston Spa, NY. The obituary would always list where he worked, surviving relatives and other generic facts. Having known Tom for 30 years, I would like to go "between the lines" and share some insights about my friend, Tom. Yes, Tom was born in Ballston Spa in 1951 and would graduate from Norwich University in Northfield, VT in 1973. Like many of his contemporaries (including this writer), the recession of the early 1970s was not an opportune time to try and find one's place in the world. Again, many of us from the Albany, NY area, after a few fits and starts (Tom put in a stint at McDonald's), seemed to end up working for New York State government. Our paths first crossed around 1978 when we were both employees of the State Education Department. We discovered we both had all interest in collecting coins, but then he moved on to another State agency and we didn't see each other for about five years. In 1984, on all assignment to the office where Tom now worked, we re-acquainted ourselves. By then, I had forsaken coins and was well into my obsession for New York State National Bank Notes. Tom was still a coin collector but that was about to change. Within a year or so, after a bit of persuasion, he also joined the ranks of the National Bank Note collectors and when the bug bit, it bit hard and would consume him for the next twenty years. He naturally started collecting notes from National Banks in his home county of Saratoga, but would eventually branch out to sever- al adjoining counties in the northeastern part of the state. We started traveling to shows together and, in 1986, began what became an almost 20-year annual ritual of going to John Ferreri's Willimantic show. That was back in the day when it was almost a "mini-Memphis" held in the cramped basement of the local Moose lodge. The show's moved to bigger quarters but those early gatherings were the best. Tom started attending Memphis in 1987, the year after I did, and this, too, became an annual sojourn. One of the most memorable journeys was in 1988 when, in order to save a few pennies, we rode along with the late Doug Walcutt in his 1977 Chrysler Cordoba. What became popularly known as the "Road Trip from Hell" was a series of comedic misadventures including being stranded for several hours under an overpass in 100-degree weather when Doug's car broke down on 1-40 in rural Tennessee. For years, Tom would regal anyone who would listen with embellished tales of that infamous Road Trip. About 10 years later, I was back on that stretch of Tennessee interstate and I took a picture of "our overpass" and presented it to Tom. He displayed it in a prominent place in his office cubicle for the rest of his life. It's hard to believe I'm now the only one left to share that experience. I also encouraged 'F0111 to start exhibiting at Memphis, and he took to the task with great relish. It culminated with his being awarded the PCDA John Hickman National Bank Note Exhibit Award in 2002 for his display of Troy, New York, National Bank Notes, which was the only collection ever put together that included an example from all twelve of Troy's note-issuing banks. Afterward, we collaborated on an article about Troy's National Nanks for Paper Morey, which would win a 1st Place Literary Award from SPMC in 2004. In addition to personal accolades, Tom also gave back to the hobby he loved by serving for several years on the Board of Governors of SPMC including a stint as Secretary. Outside of paper money, Tom also had a fascination with military history and, on our many road trips, was happy to inform me of all sorts of minutia about famous and not-so- famous battles such as Gettysburg, the Zulu Wars, the Crimean War and everything in between. If two countries or tribes had fought a battle at some point in history, Tom could tell a story as if he had been there himself. He did have a personali- ty that did not "suffer fools gladly" along with a warped sense of humor that some- times did not make a good first impression. However, once you were able to get below the exterior, he was a real character to be around who could always leave you laughing. If he started to really go around the bend, I would simply say, "Tom, cut it out!" and he would be fine. Not blessed with the best of health, his condition caught up with him the past few years. His last trip to Memphis was in 2006. Although confined to an assisted living facility for the last year, he still maintained his zest for the hobby and would record census information for notes listed on the internet from his areas right up until the end. Ironically, he passed away on the day of this year's Willimantic show. Good-bye, Toni. I'll miss you. Tom Minerley, ex-SPMC Secretary/board member dies Thomas J. Minerley, 57, died at Ellis Hospital in Schenectady on Sunday, .March 29, 2009. Survivors include his brother John Minerley of Anderson, SC and cousin Gary Minerley of Delanson, NY. Services were held April 2, 2009, in Ballston Spa, NY, followed by a Mass of Christian Burial at St. AIary's Church. Internment was at Ballston Spa Cemetery. The family suggested memorial contributions in Tom's name be made to the Saratoga County Animal Shelter, 6010 County Farm Road, Ballston Spa, NY 12020. "Torn was that rare breed of collector that recorded serial numbers, wrote articles, exhibited, and also was a SPMC board member," past SPMC President Frank Clark noted. "Yes, he was opinionated and stubborn, but a true friend," he quickly added. Paper Money • July/August 2009 • Whole No. 262 303 New Abe book "well researched and thoroughly detailed" Reviewed By Bob Schreiner, former SPMC Librarian Abraham Lincoln: The Image of His Greatness, by Fred Reed, Whitman Publishing, 2009. xi + 272pp, 8V2 by 11 in, full color. List price is 529.95 at www.whitmanbooks.com Reviewed by Bob Schreiner, POB 2331, Chapel Hill, NC 27515-2331, bob@oldnote.org VrEN ABRAHAM LINCOLN'S IMAGE FIRSTppeared on bonds and treasury notes early in his presi- dency, most people had seen few if any likenesses of their pres- ident. These early images were based on a January 1861 pho- tograph of Lincoln that captured him as strong, capable, fatherly--a leader who could resolve the conflict and strife the nation and its people were soon to endure. It was a reassuring image, at least to those on the federal side of the looming Civil War. The photographic image was quickly copied and widely used. Fred Reed's ,Ibrabon Lincoln: The image of His Greatness has two primary objectives. One is to pro- vide a rich sampling of Lincoln depictions from the time of his presidency until today. The emphasis is on numismatic objects, but he includes a broad range of other uses: Newspaper and maga- zine illustrations, advertising, posters, souvenirs, postcards, stamps, patriotic covers, statues, political cartoons, movies stills, life masks, and more. The other goal is to understand how images of Lincoln have changed over time and how this is interlinked with the public view of him. "Interlinked" means both how the images have affected the population and their view of Lincoln, and how the images reflect popular attitudes, beliefs, mores, and other characteristics of the time. Images on coins -- and later paper money -- have been used for propagandistic purposes from early times, and still are. The images, not the legends, are what bear the message: Two common examples are the conquered and impaled enemy soldier on many Roman coins and the Spanish crown spanning globes of both the old and the new worlds on the Spanish colonial piece of eight of 1732-1772. Numismatic imagery is effective because the images are usually carefully and strikingly rendered, and they are seen by the large proportion of the populace who use money. In times when written documents were unavailable because of cost or illiteracy, and when the documents had no illustrations anyway, numismatic imagery was even more powerful. Lincoln's face has been reproduced literally billions of times on United States paper money and coins. Historians, especially those interpreting the ancient world, rely on numismatic images as basic sources of contem- porary information. Such reliance diminishes as written records become more common. That numismatic images can inform the more recent past was shown by Richard Doty, in "Pictures from a Distant Country: Images on 19th Century U.S. Currency." Doty effectively argues that images on 19th century United States obsolete paper money tell us much about that time. Reed and publisher V\Ihitman have produced a beautiful book. Color images abound on every page, in attractive arrangements, excepting only the pages with the thorough bibliography, end nodes, and index. The graphics usually cover the lower portion of the page from inner edge to outer, leaving the upper part for text. Whitman's design style on recent books minimizes margins and white space, and that style is particularly effective for this book, where a majority of the space is devoted to graphics. Such abun- dant color illustration would not have been economically possible only a few years ago. The images are numbered and explained in captions, if not in the text. But this is not a catalog either in scope or presentation. It is most thorough for numismatic artifacts, but there are certainly more such images of Lincoln, as the author tells us in his refer- ences. The presentation order is historical, based on the author's four main chapters, which extend from Lincoln's birth until his bicentennial birth year. They are Abraham Lincoln: 1809-1865; Lincoln the Ideal: 1865-1909; Lincoln the Idol: 1909-1959; and Lincoln the Icon: 1959-2009. The author does note that these are conceptual notions and chronological periods with indistinct boundaries and considerable over- lap. They are useful abstractions for illus- trating attitude changes over time. Each chapter has an introduction followed by many dated entries. One cannot confuse the chronological progression of the narrative, and I did find this somewhat unusual technique useful. The text includes some general information about Lincoln, his life, the Civil War, and other contextual history, but the author never strays far from the themes of imagery, primarily numismatic imagery. I would like to know more about Southern attitudes toward Lincoln from the Civil War until more recent times. How did they change from viewing Lincoln as an enemy to being closer if not identical to the Northern attitude of vener- ation, even deification that Reed carefully describes with ample and moving examples? Is Lincoln as iconic in the South as up North? Fred Reed has produced a well-researched and thorough- ly detailed book that supports the importance of numismatics in creating history and subsequently in understanding history. The sheer beauty of the production and the importance and popularity of Lincoln strongly support this as Reed's most important and broadly appealing book. It will please anyone interested in Lincoln, and any numismatist who likes a strong measure of history with the numismatics. INDIAN T E RR !TORY DE VA AIIFADELP911A • O .WASIIINSTON SHERMAN o /1(41110.1• • "N.' %CAMDEN • M. PLEASANT 0 F: - DALLAS 1111-10:■ tn... KAUFMAN 0 MARSHALL0 --",...... REVEPORT TH.ER • As MONROEArrImmorr •••■-■ mc: UNIVII LI. 0 4 1.4 `e OA WACO 0 Mtn:TIN:0 *WS' 'se 4,,,... • 0 s pincocuocurs.,,„ . .0 _..„ O .00,00 .,, ,00 Y.7.: "' ALEXANDRIA "7 oneustm 1.111.1.WAN NEW IBERIA4-..'":1130NE )1111111111 • 014'''''') u■cumrior • CONFEDERATE SUPPLY POINTS (AND OTHER PLACES MENTIONED) IN THE TRANS-MISSISSIPPI AREA • Supply Polni or Town ie.:SO.11o./ A11.00 110.141C... Nock 111.1i. fluilroacto a Cao• Inetorrmy.iolded tu0. uore3.1 Hoge. Taylor and Ironer/Aims-no Amodcua Railroad &Iwo& 1101.1012 foldul raup SAN ANTONIO S 11/141:11,1V11.1.1:•,4, VICTORIA (r( counD 0 pop. „ LAVACA-. e CORPUS CHRISTI RROWNSVI mATArdonos BAGDAD EAGLE PASS AR 304 July/August 2009 • Whole No. 262 • Paper Money CONFEDERATE TRANS-MISSISSIPPI PAPER MONEY BY PIERRE FRICKE © COPYRIGHT 200.9 ALL RIGHTS RESERVED Figure 1. The Confederate Trans-Mississippi Department (except for Louisiana east of the Mississippi River). T HE TRANS-MISSISSIPPI I THEATRE LOCATED WEST OF THE MISSISSIPPI RIVER included all of Texas, Arkansas, Indian Territory, the Arizona Territory, and most of Louisiana. This area was strategic to the Confederacy for several reasons such as access to raw material, to manpower, and to Mexico by land avoiding the Union blockade. The Union also realized this, and early in the War devised a strategy to cut the Confederacy in two along the Mississippi River. It took two years, but by July 1863, the Confederacy west of the Mississippi was cut off. From a practical point of view it had been isolated by late 1862 with the effective control of most of the Mississippi River by the Union Navy. Financial Travails of the Trans-Mississippi On February 28. 1861, Confederate Secretary of the Treasury C.G. Memminger appointed General E. B. Nichols, James Sorley and A.W. Spaight at Galveston "to raise money for the support of the Government, and to provide for the defense of the Confederate States of America." Hence the financial arm of what would become the "Trans-Mississippi Department" was born. Due to the distance from eastern manufacturing facilities, and having no significant engraving and currency printing facilities of its own to print large quantities of higher quality CSA UNHEI) STATES *THE OFTICIAl. FWD mien Guide Book of United States Currency, 4th Edition $18.95 Now In FULL COLOR!Refill Pages (10 Pack) for Large Notes $24.95 Premium Currency Album For Large Notes $39.95 Refill Pages (10 Pack) for Small Notes $24.95 Premium Currency Album For Small Notes $39.95 Whitman Publishing, LLC or Fax: 256-246-1116 PUBLISHING SINCE 1934 www.whitmanbooks.com ©2009 Whitman Publishing, LLC *Use Code PM When Ordering. CURRENCY PRODUCTS AVAILABLE FROM WHITMAN PUBLISHING, LLC eavveael 74t6apo & Pam, GRADED ' Graded Currency Album Retail $59.99 To Place Your Order, Please Call Toll Free: 1-800-546-2995 United States Paper Money Refill Pages (10 Pack) Retail $24.95 S1.1.1 /NI. Em IION%KIM H I.. %IP Ix% S. Flomio/H. eatatLed %Br THE OFNICLU. liF:0 ROOK' (meet Pa6etcatiaa Guide Book of United States Paper Money, 2nd Edition $24.95 Now In FULL COLOR! Paper Money • July/August 2009 • Whole No. 262 305 306 July/August 2009 • Whole No. 262 • Paper Money money, the Trans-Mississippi Department was chronically short of cash. James Sorley, Depositary, set up a Texas Depository in Houston. 2 By late September 1862, cash had been chronically in short supply west of the Mississippi for quite some time. On September 30, 1862, Sorley wrote Memminger requesting that he be allowed to issue "Exchange Certificates" for funds deposited at his Depository that could be redeemed in Richmond. Memminger rejected the proposal and countered that Sorley could issue six percent certified bonds which would be payable at the Treasury in Richmond. Of course, with transportation difficulties crossing the Mississippi River increasing, bonds and newer issue notes became scarcer as 1863 dawned. This situation would have the impact of reducing the ability to retain troops on active duty, acquire supplies, and convey an advantage to Union troops in numbers and supplies greater than would have otherwise been the case. P a Figure 2. Houston, Texas. Reissue stamp in the Trans-Mississippi. Reads "Re-Issue Houston, March 1863." $100 7.30% interest bearing notes reissued under local order. By the time General E. Kirby Smith took over the Department on March 7, 1863, the cash shortage prob- lem had become very serious, with army and supplier payments woefully in arrears. As early as March, 1863, some 7.3% interest bearing $100 notes had been reissued in Houston (See Figure 2) to partially alleviate this cash short- age problem. On June 4, 1863, he wrote a rather long letter to Secretary of the Treasury Memminger requesting the ability to reissue previously redeemed Treasury notes to be used by the disbursing officers. General Kirby Smith was very concerned about the worsening situation on the Mississippi River. Both Port Hudson and Vicksburg now were under siege, and the Union Navy's control over the River appeared imminent. He believed that with the re-use of notes on hand, he would be less dependent upon the precarious and failing communication lines to the east and could continue to prosecute the War much more effectively. General Kirby Smith received a response from Memminger dated July 3, 1863, (at least a response was sent on that date) confirming Memminger's agreement with Smith's plan to reissue notes. Smith had launched prepara- tions earlier in June and had received a response from Major I. F. Minter, Major and Chief Quartermaster (QM) Trans-Mississippi Department. On July 10, Minter wrote back to Smith informing him that the Quatermaster's Department had $842,000 on hand with drafts on the depository of San Antonio for $4,555,365 to be allocated to General Magruder's district (about 40% for the troops and 60% for the district QM). Minter also estimated that the Quartermaster's Department of the Trans-Mississippi required $15,871,000. The chief quartermaster of Western Louisiana was without funds and Minter immediately sent him $500,000 while awaiting funds from Richmond. This $500,000 of Treasury notes were stamped "Reissued Oct 1, 1863 / Shreveport, LA." (See Figure 3). Figure 3. Shreveport, La. Reissue stamp in the Trans-Mississippi. Reads "Reissued Oct. 1, 1863. Shreveport, La." Not issued under the Act described above. An Invitation from The NEW HAMPSHIRE CURRENCY STUDY Project Q. DAVID BOWERS and DAVID M. SUNDMAN are involved in a long-term project to describe the history of all currency issued in the State of New Hampshire, as well as to compile a detailed registry of all known notes (whether for sale or not). Our area of interest ranges from issues of The Province of New Hampshire, The Colony of New Hampshire, the State of New Hampshire (1709-1780), issues of the New Hampshire state-chartered banks (1792-1866), and National Bank Notes issued by New Hampshire banks (1863-1935). This will result in a book under the imprimatur of the Society of Paper Money Collectors, with help from the New Hampshire Historical Society, the Smithsonian Institution, and others. Apart from the above, David M. Sandman is President of Littleton Coin Company, and Q. David Bowers is Co-Chairman of Stack's Rare Coins. For other commercial transactions and business, contact them at their firm.s directly. The authors of the present book, holding a rare Series of 1902 $10 National Bank Note from West Derry, New Hampshire. ispc+N itt:, s, Nts. Series of 1902 $5Plain Back from the Wiwi Head National Bank of Nashua 0 TaZZLIZIZEi JilA•rtioaLtral iftreareerillenletaiNg. *Ai • two" :310 X 11 WO Seeking currency, images, and collateral New Hanipshire Colonial Note: Harty Shillings, November 3, 1775 SI Ashuelol Bank of Keene, NH, 1862 eintinimaIrsol.Uortlia I f you have New Hampshire currency, old records,photographic images or correspondence relating to the same, or other items of historical interest, please contact us at the address below, or send us an e-mail at info(q)nhcurrency.com . Both of us are avid collectors and welcome offers of items for sale. We will pay strong prices for items we need. Visit the NH Currency Study Project website: wwwnheurrencycom. rind a listing or New Hampshire banks that issued CUM!! Ity, read sample chapters, and n ame. We look forward to hearing from you! me NEW HAMPSHIRE CURRENCY STUDY Project Box 539, Wolfeboro Falls, NH 03896 E - mail: in toOvn hal rrency.com MU be frvarded to both authors.) 1 .4* 44 f-rm.- s4 U. ^. www.nhcurrency.com Paper Money • July/August 2009 • Whole No. 262 307 4.5E'RIES. tr, I-- AceOpted Aepir' .Corgr • At.v 308 July/August 2009 • Whole No 262 • Paper Money This shortage of funds would take a while longer to improve, but it would never be Fully rectified. By October 1863, Smith ordered earlier notes that were stored or cancelled to be reissued using a variety of stamps (the first of which were the Shreveport reissued notes described above). These stamps indicated that these notes were "revalidated" or good for commerce despite having been redeemed and/or effectively rendered obsolete by the Act of March 23, 1863, which had provisions for retiring notes that pre-dated the April 6, 1863, issue. A short letter from General S. S. Anderson of the headquarters of the Trans-Mississippi Department to Edward Cross, Depositary at Washington Arkansas directed Cross to ready and package all funded (redeemed) notes in his posses- sion for reissue. Cross replied to an earlier letter from Lieutenant Cunningham of headquarters describing his progress — he was building- lists of the notes to be reissued by letter, number, date and amount and described that the reissue stamps will need the date of reissue to bring the old notes under the act of March 23, 1863, (which authorized the April 6, 1863, Sixth Series of CSA notes then current). Lieutenant General Kirby Smith continued communication with Secretary Memminger, but now at a slow- er pace with the loss of the Mississippi River. Letters now took a month or more to be delivered in one direction. Hence On October 2, 1863, Secretary Memminger replied to General Smith's letter of September 1. Secretary Memminger indicated to General Smith that he directed one of his clerks, A. F. Santos, to proceed to Monroe, Louisiana, with presses and assistants to help reissue notes in the Trans-Mississippi. This journey was a difficult one, going from Wilmington, NC to Bermuda to St. Thomas, then Havana and finally on to Houston. Secretary Memminger also indicated that he sent two shipments of $27 million of Treasury notes to San Antonio and Shreveport. Further, Secretary Memminger replied to General Smith's request for bonds to redeem the exchange certificates he issued in lieu of bonds in exchange for earlier issues of Treasury notes. In a letter dated November 10, 1863, Secretary Memminger instructed Judge Upson to deliver $20 million in bonds to the depositaries at San Antonio and Houston, Texas, via a circuitous route through the Bahamas, Cuba, Mexico and then Texas. Of that sum, $4.425 million were to be delivered to George Palmer, depositary at San Antonio, and $15.575 million to James Sorley, the depositary at Houston. ,Secretary Memminger also made advanced arrangements for security with Confederate government agents at these various locations. This route through Mexico was fraught with danger and delay. For example, Confederate bonds were deposited at a Mexican bank in Matamoras for safekeeping. However, since the Confederate government was indebted to the Mexican bank, the bank refused to release the bonds, holding them for "ransom." General Smith arranged payment with cotton which upon receipt the Mexican bank released the bonds. November 21, 1863, saw a flurry of letters regarding the dire financial condition of the Trans-Mississippi. R. W. Johnson implored President Davis to appoint an Assistant Secretary of the Treasury for the Trans- Mississippi, informed Davis of the request for $26,000,000 still held up in the War Department; and expressed con- cerns about the transfer of funds from the Treasury to the War Department at Meridian causing delays. Finally, he added his concern about the requirement to break the $26,000,000 shipment into $2 million segments requiring 13 independent agents and transport. Secretary Seddon replied that President Davis was aware of the Trans- Mississippi issues and expressed surprise at Johnson's allegations of slowness and complexity, stating he believed Secretary Memminger already understood these issues. In another letter dated November 21, 1863, Secretary Memminger stated he sent Thomas Gale out to the Trans-Mississippi in case Santos did not make it through. In this letter to Gale, Memminger spells out how to stamp the reissue notes stating "...by printing across the face of the notes, with the name of the month in which they are reissued, the words 'accepted as a note issued under the act of Congress of March 23, 1863.'" Memminger also instructed Gale how to proceed, and suggested pay of $2,500 per annum for the depository workers. Figure 4 illustrates an example of this stamp. There are four varieties — red round, red straight, black round and black straight. Figure 4. Black Straight Trans-Mississippi stamp on a Type 52 note. +.10...4i11.01111604,-. sAlogt K2586273 COME TO STACKS.COM (foityloYaGfriAa4-mofiff&eeek/ 10111pi-1-:.:Talbradm-110- * ?A, • 1,1.111,1114N, 11,1, Mel. u. -t, 72080 TWO 1.40j4k4,R0 104..11..1:1{8- K2588276 ‘ , .s,ricremEncr-— vow CTIVITY IN THE PAPER MONEY MARKET is stron- ger than ever! We have been cherrypicking certified notes for their eye appeal, brightness of colors, excellent margins, and overall appearance, with an emphasis on popular designs and types, many of which are featured in 100 Greatest American Currency Notes by Q. David Bowers and David Sundman. WE ARE CONSTANTLY ADDING TO INVENTORY but most items are one-of-a-kind in our stock; therefore we suggest you visit our website and call immediately to make a purchase. RECEIVE OUR PAPER MONEY MAGAZINE, THE Paper Money Review. This full color publication highlights paper money in our inventory, as well as articles and features about this fascinating collecting specialty. To receive your copy send us an invoice of a previous paper money purchase. Or, if you place an order for any paper money totaling $1,000 or more you will receive the Paper Money Review AND a per- sonally autographed copy of 100 Greatest American Currency Notes with our compliments. CHECK OUT OUR OFFERING TODAY. WANT LISTS ACCEPTED! —61ENNINIMINMEN■d111111•Ellii- p QV"— }C.4 1C(I /I at it/(t We are pleased to announce the ongoing sales of the greatest hoard of bank-note printing plates, dies, and other material ever assembled. The American Bank Note Company (ABNCo) was formed in 1858 by combining seven of the most important bank note engraving firms then in business. Hundreds of printing plates and other artifacts were brought into the merger, and survive today. To these are added many other items made by ABNCo from 1858 onward, a museum quality selection. In sales in 2007 Stack's will continue to bring to market hundreds of bank note printing plates, vignette dies, cylinder dies, and other artifacts, each unique. These items are so rare that most numismatic museums and advanced collectors do not have even a single vignette die, cylinder die, or plate! If you would like to have more information, contact us by mail, phone, fax, or on our website. This is an absolutely unique opportunity! U.S. COINS • ANCIENT AND WORLD COINS • MEDALS • PAPER MONEY G Stack's New York City: 123 West 57th Street • New York, NY 10019-2280 • Ton free: 800/566/2580 • Telephone 212/582-2580 • Fax 212/ 15 50 Stack's Wolfeboro, NH: P.O. Box 1804 • Wolfeboro, NH 03894 • Toll-free 866/811-1804 • 603/569-0823 • Fax 603/569-3875 • www. stachs.con Paper Money • July/August 2009 • Whole No. 262 309 PAPER MONEY Afoufekrate ititos of , dlevoRT.4.00._ „ by PIFR It E URI( a I. 310 July/August 2009 • Whole No. 262 • Paper Money As late as December 28, 1863, a proposal for the transport of $2,000,000 of Confederate bonds or curren- cy, was submitted to Secretary Memminger to help relieve the financial problems of the Trans-Mississippi, via weekly trips from Brandon, Miss., to Shreveport, La. He hoped these shipments of Treasury notes, bonds and the Santos/Gale stamped and reissued notes whould relieve the funding problems. The Santos/Gale plan to reissue notes ran from February 2 through March 25, 1864. A total of 94,718 notes, with a face value of $4,559,960, were reissued from Huntsville, Texas, during this time (See Table 1 below). These reissued notes did help somewhat, but still did not solve the financial problems of the Trans-Mississippi. Sorley ended this reissue exercise on March 25 when he learned of the Act of February 17, 1864. The Act of February 17, 1864, made matters worse, as this act taxed away the value of non-interest bearing notes issued prior to that date. This Act made it prudent to redeem previously issued notes by April 1, 1864, if east of the Mississippi River and by July 1, 1864, if west of the River. After these dates, the earlier notes would be taxed at 33.5% of face value with an additional 10% tax per month after those dates! On March 1, 1864, Secretary Memminger appointed The Honorable P. W. Gray to be the Agent of the Treasury of the Trans-Mississippi, and a set of guidelines or rules of engagement were set down in the letter notify- ing Gray of his new job. The rules were as follows: 1. The agent shall confer with the military and establish the location of the office; 2. The auditor and controller shall report to this office; 3. The agent shall appoint a chief clerk and a team of clerks to assist executing the duties of the office; 4. The auditor shall fulfill the duties of the auditor and register in Richmond for the Trans-Mississippi; 5. All money sent to the Trans-Mississippi shall be deposited with appointed depositaries; 6. In case there is not sufficient money, the agent shall reissue notes with the stamp showing the reissue through July 1, 1864; 7. These reissued notes and other notes in circulation shall be exchangeable for certificates and 4 percent bonds; 8. The new issues of Treasury notes [1864 series] shall be forwarded to the agent for exchange and pay- NEW! Confederate Paper Money Book - Field Edition 2008 — by Pierre Fricke Portable (6x9, 2.5 lbs), 456 pages, quality hard back, full color. "The most useful guide of Confederate currency ever. Easy to carry and use. Wealth of information for beginner to expert." Paul Whaley, CSA Collector • More than 150 people's input included • 100 pages of introductory material including history, ways to collect, and the only photo grading guide for CSA currency • Values for type notes in choice, average, cut- cancelled and impaired quality for each grade • Values for rare varieties, counterfeit types and CSA bonds & updated market analysis • Type and rare variety condition census • Hundreds of color pictures drawn from the most extensive type and variety collections Special thru August! $29 ppd. Pierre Fricke, P.O. Box 52514, Atlanta, GA 30355 Personalized and Signed by Author www.csaquotes.com Paper Money • July/August 2009 • Whole No. 262 311 meat of the old issues. But if sufficient new notes are not available, the agent may reissue older series with the reissue stamp through 'July 1; 9. All notes received by any depositary and not reissued shall be counted carefully by the auditor, sealed and transported back to Richmond when practicable; 10. All proceedings with regards to the issue, cancellation and reissue of notes shall be reported by the agent to the Treasury Department in Richmond; 11. The agent shall oversee the collection of taxes and manage the disposition of these collections; 12. The agent shall have supervisory authority over all depositaries, collectors and Treasury agents in the Trans-Mississippi. Later in March, Secretary Memminger outlined the plan in a response to General Smith's letter to the President asking for help funding the Trans-Mississippi. He confirmed that funds were sent by sea to Matamoros and other arrangements were made to transport funds on a weekly basis across the Mississippi River at Brandon. He also confirmed that a large portion of the money sent by sea was seized by the Union blockade. Union General William T. Sherman's movements in Mississippi in the Winter of 1864 were disrupting transfers of funds across the Mississippi. These difficulties would impair the ability of General Smith to optimize and maximize the use of his meager resources and armies against the Union forces. Only the difficult geography of the region and the inepti- tude of the Union 1864 Red River campaign kept the Trans-Mississippi from being completely overrun. In April, Clarence Thayer, a Treasury agent appointed by Men -manager to transport the funds from Richmond, wrote to Secretary Memminger to inform him that he arrived in Houston. He described an environ- ment in central Texas (he travelled from Mexico to San Antonio to Houston) that was "more or less infested by law- less bandits." Thayer delivered three cases of funded Treasury notes and bonds ($6,800,000 of notes and $359,550 in bonds) to Mr. Sorley, the depositary at the reissuing office at Houston and one case for the Huntsville office. He also was advised not to proceed to Shreveport as Union General Banks had launched his Red River campaign with the capture of Shreveport as its objective. Colonel Battle, the Shreveport depositary, had evacuated to Texas. There was also a question as to whether Sorley was supposed to be redeeming "mutilated" notes (i.e. cancelled) which he was doing since Texas was desperate for usable paper money. Finally, Thayer asked Memminger if there were anything else he was to do while in the Trans-Mississippi, and assured Memminger that he was "very anxious to return to Richmond." Secretary Memminger penned a long letter to Agent of the Treasury Gray in response to his April 23rd let- ter (communication was dramatically slowed down by the capture of many southern railroads and the Mississippi River by Union forces). Memminger authorized Gray to replace the depositaries at Alexandria and Opelousas who resigned or abandoned their duties in the face of the Union Red River Campaign (which by this time had been defeated by Confederate forces due to geography and Union incompetence). Other depositaries were caught up in a cotton fraud scheme and Memminger conferred power to Gray to replace personnel as needed. General Grant's threat to Richmond forced the removal of significant printing and engraving capabilities to Columbia, SC, further- ing delay of printing enough Treasury notes and bonds to satisfy demand. Finally, Memminger closed with a con- fusing statement of position with respect to continued reissuing of old notes in the absence of receiving sufficient quantity of 1864 Treasury notes. Thomas Gale of the Trans-Mississppi Treasury agency sent a status report to Secretary Memminger on July 6, 1864. He outlined his travels and the establishment of an office at Huntsville, Texas, where the older cur- rency was being reissued and inventoried. Gale complained about being detained and not being allowed to return to Richmond per his earlier request. In July, to comply with the Feb. 17, 1864, Act, General Smith stopped using the special revalidated notes, which caused significant problems in terms of retaining men in the army and paying suppliers. General Smith sub- stituted exchange certificates and interim deposit receipts (1DRs), which indicated that the bearer of older notes had returned them and was entitled to new notes whenever they might arrive in the Trans-Mississippi area from the east. By August, George A. Trenholm had replaced Memminger as Secretary of the Treasury for the Confederate States of America. He set about attending to business, some of which was replying to letters from Treasury Agent of the Trans-Mississippi Gray. Trenholm stated he was sending an additional $12 million in cur- rency and bonds to "set your treasury into full operation, and restore something like financial order and confidence in the Trans-Mississippi department." The new issue was to be the basis for further operations. Additionally, a quantity of six percent non-taxable bonds and four percent loan certificates were included in this shipment to help draw back some of the old currency and keep the money supply in check (i.e. to control inflation which was raging by this point in the War). Trenholm considered it of great importance to reign in the old and reissued currency as 312 July/August 2009 • Whole No 262 • Paper Money expediently as possible to this end. Trenholm also outlined arrangements to handle the cotton business and taxa- tion. Trenholm reiterated that with Richmond under siege, Treasury workers were called to the front to help defend the city making operations more difficult. So his goal was to use this new shipment to give Treasury Agent Gray and General Smith what they needed to both conduct operations and keep inflation in check. General Smith responded to Secretary Trenholm in late September 1864 with an estimate of indebtedness of the Trans-Mississippi Department. Smith explained the difficulties over the past year including the fact that the troops had not been paid in 12 months and that only $8 million of the new 1864 Treasury notes have been received to date. Smith continued to urgently request more funds or for Trenholm to make arrangement to ship plates and printing presses by way of Mexico to the Trans-Mississippi Department. Finally, a letter dated January 11, 1865, from Secretary Trenholm to Treasury Agent Gray outlined his lat- est efforts to relieve the Trans-Mississippi of its financial problems, get it into compliance with the laws enacted in 1864 regarding the older Treasury note issues, and a detailed settlement statement for 1864. A new law granted Agent Gray and General Smith more time to exchange the old "freasury notes (including reissued notes) until July 1 1865. A good deal of the letter was devoted to taxation and how cotton sales for specie could help. The Confederate government was arranging for four steamers to operate between Galveston and Havana for the pur- posed of exporting cotton and importing specie. Impact of the Financial Travails in the Trans-Mississippi In his book, Financial Failure and Confederate Defeat, Dr. Douglas Ball stated that financial mismanagement led to the ultimate defeat of the Confederate States of America. The cash shortages which led to unpaid, underfed, underclothed, and undersupplied troops led to significant desertions and contributed to some of the key losses in the field. Dr. Ball points out that General Thomas -Hindeman's defeat at Prairie Grove, Arkansas, in December 1862 was directly attributable to a lack of funds. Notably, the financial mismanagement of the Trans-Mississippi region may well have significantly contributed to the fall of Vicksburg, Mississippi, and the loss of the Mississippi River. Dr. Ball states that by late Winter 1863 as Grant was maneuvering around Vicksburg (actually failing in sev- eral attempts to take the city at the time due to geography and weather), the Trans-Mississippi forces were a paltry 25,000 against 100,000 on the rolls. Grant's six-month Vicksburg campaign could have been thwarted at several points with a better manned, supplied and led Confederate Army of Mississippi. Indeed, Grant ended up marching down the Trans-Mississippi side of the River unopposed in the early spring, setting the stage to cross the Mississippi River and envelope Vicksburg from the rear. From July 1863 through April 1864, $27 million of currency and $18 million in bonds reached the Trans- Mississippi. Further, by the end of 1864, only $20 million in new 1864 currency (the only currency really usable after July 1, 1864) and $27 million in securities had arrived. Unpaid debts mounted and totaled some $82 million at the beginning of 1865. It is a wonder that General Kirby Smith could conduct operations at all throughout the latter two years of the War. Only a heroic effort to use financial resources at hand, significant creativity, and patriotism kept the Trans-Mississippi a functioning military theatre. General Smith surrendered May 26, 1865, and the last land battle of the War was fought in Texas in early June resulting, ironically, in a Confederate victory in battle; but a lost War. Collecting Trans-Mississippi Confederate Notes The first notes reissued in the Trans-Mississippi were the 7.3% interest-bearing $100 (T-39, T-40 and T- 41) at Houston, Texas, by 'Jim Sorley with a black stamp on the reverse as shown in Figure 2. Most of these were issued in early 1863. Some of these made it back east of the Mississippi River. Some of these were reissued again as military payments. Shreveport, Louisiana, reissued the second group of notes -across a wider range of Confederate type notes as described above with the stamp illustrated in Figure 3. These are found across a number of types as shown in Table 1. The values of these notes are somewhat difficult to ascertain as they infrequently appear in the market. Generally, the more common Shreveport issues can fetch $200-$400 depending on type and condition. Obviously, Shreveport stamps on rarer types are worth more than this. The $100 7.3% Houston issues without other interest- ing stamps or signatures may be found in the range of $100-$300 depending on grade. If they have been issued and reissued or paid out by the military, they can command significantly higher premiums. Paper Money • July/August 2009 • Whole No. 262 313 Table 1. Houston, Texas and Shreveport, Louisiana Reissued Confederate Treasury Notes. Type Reissued Houston, TX Reissued Shreveport, LA Description Spring 1863 (Mostly March) $100 7.3% interest-bearing notes Fall 1863 (October) T-8 X T-9 X T-10 X T-14 X T-18 X T-20 X T-21 X T-24 X T-28 H & L X T-30 X T-31 X T-36 JTP X T-37 X T-39 X T-40 X T-41 X T-50 X T-51 X T-52 Duncan X What collectors refer to as the "official" Trans-Mississippi reissued notes are the notes reissued under the Act of March 23, 1863, as stated on the stamp. They were issued at Huntsville, Texas, with one of several different varieties of stamps. These include round and straight-line stamps, both of which could be black or red and dated February or March. Figures 5 and 6 illustrate red examples of these stamps. Figure 5. February 1864 red round Trans- Figure 6. February 1864 red straight line Trans-Mississippi reissue stamp. Reads Mississippi reissue stamp. Reads "February, 1864, "March, 1864, Accepted as a Note Issued under Act of Congress of March 23, Accepted as a Note Issued under Act of Congress of 1863." Also comes in black ink which is rarer than red. March 23, 1863." This is the most common of the four stamp varieties. Also comes in black ink, which is rarer. 314 July/August 2009 • Whole No. 262 • Paper Money Table 2. Huntsville Texas issued Trans-Mississippi stamps. Rarity rating estimates are for all four stamps inclusive for each type. Type / Number Rarity 3 Circular Straight Descrip. Stamped in Texas Trans-Mississippi Stamps Trans-Mississippi Stamps Ism ...... 11011 Feb Feb Mar Mar Feb Feb Mar Mar Red Black Red Black Red Black Red Black T-7 1,164 16 T-8 4,110 11 X T-9 38,923 12 X X X X X T-10 227 13+ X T-11 1 16 T-12 76 16 T-13 8,029 16 T-14 5,753 11 X X T-15 16 16 T-16 1,094 12 X T-17 29,240 12 X X T-18 8 X X T-19 44 16 T-20 30,158 7 X T-21 566 12 X X T-22 325 16 T-2 3 Unknown 16 T-24 1,055 12 X T-25 Unknown 12 X X T-26 Unknown 10 X T-27 H&L 2,720 16 T-28 H&L 12 X T-28 JTP 7,935 10 X T-29 22,843 9 X T-30 Unknown 8 X X T-31 225 12 X X T-32 1,065 16 T-33 Unknown 16 T-34 Unknown 13+ T-35 H&L 981 16 T-36 H&L 16 T-36 JTP 63,796 7 X X X X T-3 7 7,769 8 X T-46 4,072 10 X T-49 1,312 16 T-50 708 13+ T-51 794 12 X T-52 E&C 4,249 12 T-52 Duncan 9,450 10 X X X X T-53 E&C 1,571 12 X T-53 JTP 4,946 11 X X 1144.1101)P FifftHIMORUI) ,..73sc•ri7F -Tirsr, Deal with the Leading Auction Company in United States Currency Fr. 379a $1,000 1890 T.N. Grand Watermelon Sold for $1,092,500 Fr. 183c $500 1863 L.T. Sold for $621,000 Fr. 328.$50 1880 S.C. Sold for $287,500 Paper Money • July/August 2009 • Whole No. 262 315 IMPECurrency_ Auctions If you are buying notes... You'll find a spectacular selection of rare and unusual currency offered for sale in each and every auction presented by Lyn Knight Currency Auctions. Our auctions are conducted throughout the year on a quarterly basis and each auction is supported by a beautiful "grand format" catalog, featuring lavish descriptions and high quality photography of the lots. Annual Catalog Subscription (4 catalogs) $50 Call today to order your subscription! 800-243-5211 If you are selling notes... Lyn Knight Currency Auctions has handled virtually every great United States currency rarity. We can sell all of your notes! Colonial Currency... Obsolete Currency... Fractional Currency... Encased Postage... Confederate Currency... United States Large and Small Size Currency... National Bank Notes... Error Notes... Military Payment Certificates (MPC)... as well as Canadian Bank Notes and scarce Foreign Bank Notes. We offer: • Great Commission Rates • Cash Advances • Expert Cataloging • B ea utiful Catalogs Call or send your notes today! If your collection warrants, we will be happy to travel to your location and review your notes. 800-243-5211 Mail notes to: Lyn Knight Currency Auctions P.O. Box 7364, Overland Park, KS 66207-0364 'P strongly recommend that you send your material via USPS Registered Mail insured for its full value. Prior to mailing material. please make a complete listing, including photocopies of the note(s). for your records. Ave will acknowledge receipt of your material upon its arrival. If you have a question about currency, call Lyn Knight. He looks forward to assisting you. cV11 Currency Auctions Sou 2 '13 5211 913-33$-3„9 - Fax 913-338-475-i lyn(y Ivnknight.com - supportOlynknight.coni Whether you're buying or selling, visit our website: www.lynknight.com VG to F, cut-cancelled F to VF, not cut $200-$400 $300-$600 $300-$600 $400-$1,000 $350-$700 $500-$1,000 $450-$700 $600-$1,000 $500-$2,000+ $800-$2,000+ Table 3. Trans-Mississippi values Group 1- T-18, T-20, T-30, T-36, and T-37 with red round stamps Group 2 - T-26, T-28, T-29, and T-46 with red round stamps and T-52 with black round stamps Group 3 - red straight line stamps of T-18, T-20, T-28 and T-36 Group 4 - T-52 with a black straight stamp Group 5 — Others not in Groups 1 through 4 316 July/August 2009 • Whole No. 262 • Paper Money These notes make a great addition to a Confederate paper money collection and are a significant part of the history of Confederate finance. Survival rates are very low, well below than 1% in nearly all cases, since these notes circulated twice and most had been cut- or cut-out cancelled. The most common types are T-18, T-20, T-30, T- 36, and T-37 with red round stamps (group 1). The next grouping would include T-26, T-28, T-29, and T-46 with red round stamps and T-52 with black round stamps (group 2). After this, the red straight line stamps of T-18, T- 20, T-28 and T-36 would be yet a bit rarer (group 3). T-52 with a black straight stamp is rarer still (group 4). All of the remaining types with various stamps are very rare (group 5). Finding a Trans-Mississippi reissued note in true Very Fine or better is quite a feat as they are quite rare. Extremely fine is nearly unheard of. Some general value guidelines include: Collecting Trans-Mississippi Confederate paper money may also be supplemented with collecting Trans- Mississippi Confederate bonds and Interim Depository Receipts (IDRs) and Exchange Certificates which would result in a fascinating collection of an important part of Confederate financial history. Have fun and enjoy! End Notes 1. Today, we typically spell it Trans-Mississippi. However, in the records of the Confederate Treasury, it is spelled Transmississippi. 2. A Depository was a Confederate Treasury office where various collection and disbursement activities were con- ducted including cancelling notes, paying interest on interest bearing notes, and the issue and redemption of inter- im depository receipts. A Depositary was the authorized official who worked at a Depository conducting its busi- ness. 3. See Collecting Confederate Paper Money — Field Edition 2008 by Pierre Fricke for the rarity scale. Bibliography Ball, Dr. Douglas B. Financial Failure and Confederate Defeat. Urbana, IL: University of Illinois Press, 1991. Ball, Dr. Douglas B. "Confederate Financial Expedients in the Trans-Mississippi Department: The Thayer-Santos Expedition of 1863-4," journal of the Virginia N11771k7IlatiC Society, date uncertain. Ball, Dr. Douglas B. Unpublished research notes. Chase, Dr. Philip. Unpublished research notes. Cowan, Arnold. Unpublished research notes. Fricke, Pierre. Collecting Confederate Paper Money — Field Edition 2008. New York: Spink -Smythe, 2008. Tremmel, George; Schreiner, Bob; and Carson, Tom. The Works of Raphael P Thian. Searchable DVD. Also, thanks to Marvin Ashmore, Bob Petrucelli, George Tremmel, and Randy Shipley for their input, review and suggestions. Judith Murphy and husband Claud celebrate a happy occasion at a show. Paper Money • July/August 2009 • Whole No. 262 317 SPMC Board bids adieu to one classy lady, Judith Murphy PAST PRESIDENT AND LONGTIME BOARD MEMBER,Judith Murphy (LM#262/HLM #11) stepped down from the SPMC Board at the recent Memphis show after two decades of service to the Society in various leadership posi- tions. Judith will continue her active participation in the hobby at various shows she attends with her husband, veteran dealer Claud Murphy, and also continuing to organize SPMC regional events at various shows in the South and East. Judith was the first woman Vice-President and President of the Society. In recent years, she has invigorated highly suc- cessful SPMC regional meetings around the country. She has also held high offices in several regional and state numismatic organizations, including the Blue Ridge Numismatic Association, and the North Carolina Numismatic Association. Judith was named a "Numismatic Ambassador" by Krause Publications, and has received the "Glenn Smedley Award" from the American Numismatic Association. Immediate past SPMC President Benny Bolin called Judtih "a mentor, friend, confidant and a truly classy LADY!" "Sage advice often given to new collectors is `buy the hook before the coin (note in our case).' was fortunate enough," Bolin continued, "to receive some advice of the same caliber in 2000 from my good friend and mentor Milt Friedberg when I was first elected to the SPMC board of governors. 'Listen to Judith and do whatever she says and/or does!' Milt taught me many things over the years about collecting, writing, editing and I had naturally gone to him to ask about what I needed to do as a new board member. Truly, this was one of the best pieces of advice he ever gave me," Bolin said. "Judith Murphy is truly a great lady and one of the nicest ladies anyone could ever have the privilege of meeting. As a new governor, Judith took me under her wing and taught me all the nuances of being on the board and to this day remains one of my most important resources. Although I have been a collector since the '60s and have had many positions and offices in clubs, being on the board and eventually moving to President of a large national collector group is not to be taken lightly. Judith has always been there when I needed help, advice or just to listen to me vent. As she moves off the hoard and I to the past-president's position, I am certain she will continue to be involved. in fact, I have already ensured this fact as she will continue on as chair of the regional meetings committee. I look forward to many more years of working with her," Bolin continued. "Judith is passionate about the society and the hobby and is truly one of the grand-dames of numismatics. I will ever be in her debt for her unending and never-tiring service to the hobby and for her support for me. Above all else, I am proud to call her a friend!" Bolin added. Incoming SPMC President Mark Anderson voiced similar praises for his predecessor. "Judith Murphy is one of those truly rare people who grace our hobby with a sociability and warm-hearted approach that make the personal and personali- ty aspects of collecting so delightful. "It was my good fortune to be introduced to Judith by my father, sometime in the '80s, and she and Claud always repre- sented stalwart, friendly attendees at shows, and visiting with them was and is always an experience. As so many attendees `on the circuit' know, they both take a delight in the eclectic and historic, and are always gracious and willing to share knowledge and some great stories [although it is fair to say that one turns to Judith for balanced reporting]," Anderson jested. "It took a few years, but I have come to know just how com- mitted and persuasive an individual she can be. My involvement with The Society of Money Collectors, for which I am grateful, was directly the result of her soliciting a new Treasurer for this group, a fine not-for- profit organization that serves paper money collectors of every stripe. Her service as its President precedes my involvement, but as a member for some years, I believe the members, the Board of Governors and Officers, and the hobby as a whole, should be grateful for her long service. For more years than she might like acknowledge, she has provided her time and her efforts on our behalf in so many roles, most lately as a Governor and Regional Meeting Coordinator. "The hobby has similarly seen her passion for the good of the hobby play out in other forms of activism on behalf of col- lectors everywhere. She has worked hard for and on behalf of regional shows and events as well as taking a principled inter- est in organizations that have broader, hobby-wide impact. She is never without a point of view, and that perspective is never glib or unsupported," Anderson noted. "As long as there are people like Judith in our hobby, there will always be a desire to get together, exchange news and views, and maintain a personal interest in the folks who make our hobby a fulfilling, human activity," Anderson con- cluded. Another former SPMC President and longtime Board Member Wendell \Volka also praised Judith. "I will miss Judith on the Board. She's always been helpful and nice as can be to me, but can 'clamp down on a trouser leg' if she's not getting the cooperation she needs or thinks she might be get- ting a bit of a tap dance rather than a response to one of her questions. Through it all, she's been fun to work with and I count her as one of my closest friends. Best wishes to you, Judith, as you endeavor to keep track of Claud!" Wolka said. •:• It occurs to me... Steve Whitfield 318 July/August 2009 • Whole No. 262 • Paper Money Nice people in the hobby 'VEARS AGO I BOUGHT a piece of Civil War scrip at one of the Memphis conventions because of its unusual vignette. It showed a bird hunting party prepar- ing- for lunch in the field. Three men and a woman are seen gathered about a spread blanket with a roast of meat (ham or beef?) and bottles of wine. Bird dogs and shot game (quail?) are nearby. The issuer was T.T. Bloomer, Hotel & Restaurant. The lithogra- pher was Sage, Sons & Co., Buffalo New York, but no issue location was indicated on the note. Gordon Harris' book on New York Scrip indicated that this hotel was located in Buffalo, but I wasn't sure. I tried New York City Directories without luck. Over the years I saw a single 10-cent copy of the same note appear at auction. Recently I sent a copy of the note with a request for location assis- tance to Wayne Homren editor of the E-Sylunt, an electronic publica- tion of the Numismatic Bibliomania Society. The request, along with the illustration was pub- lished. I was hopeful but not orverly so. However, to my great and pleasant surprise, almost immediately Walt Weigand, 'Wendell Wolka and Kay Freeman responded. Tooker T. Bloomer's Hotel and Restaurant was located on West Eagle Street, in Buffalo, NY. The 1860 census showed him as age 45, married to Adelia with three children and financially well to do. (The 1850 census had listed him as a sailor.) In 1849 he had been a steward on the steamship St. Louis working the Great Lakes to Chicago. His middle name may have been Thorn or Tucker as his father was married twice to women with those surnames. If it was Tucker, then he was actually Tooker Tucker Bloomer. Bloomer passed away March 7th, 1867, from "paralysis." Apparently the hotel was taken over by his wife and children. Ms. Freeman also provided some interesting information about the firm of Sage, Sons & Co., a prominent Civil War scrip producer. John Sage had been born in Massachusetts in 1807. In the 1870 Census, the firm is shown as a "sheet music" store of John Sage and his son John. Another son William is shown as a clerk, living elsewhere, but in the home of a lithographer. Ms, Freeman thought that the hunting party vignette had probably been designed by an artist employed by John Sage & Sons. Further research would be necessary to determine its origin. A good task for friend Roger Durand. So, many thanks to Wayne and the gang at E-Sylum. I heartily recommend it for interesting information about "numismania." It's a great resource. Now, if 1 could just find a picture of Tooker and his Hotel — Restaurant. Cataloging for posterity Ats an editor I am excited to present John Ferreri's and Gary)otter's catalog of Connecticut scrip en toto in this issue of Paper Money. Representing decades of work by these two fine numismatists, their cataloging effort will be a standard refer- ence for years to conic. Their work reflects well upon the authors, and this publication, but also harkens hack to the early days when Paper Money was THE journal of record for this segment of our fine hobby. Catalogs appearing in our journal decades ago remain standards still. Even in today's electronic age, a shelf full of volumes of our journal is a must for the serious collector. I refer to my complete set of back issues constantly ... and I'm sure collectors of the future will consult the Ferreri-Potter reference for years to come also. Speaking of the new electronic age and its effects on our hobby, I. call readers' attention to our fine website www.spmc.org [.] Long ago we incorporated it prominently into our journal masthead, and call further notice on our cover for this issue: to focus attention on this member-service. Manned ably by a volunteer, former SPMC-Secretary Bob Schreiner, the site has current information on all SPMC activ- ities. Since our journal appears bimonthly with lead times necessary for printing/mailing, members should consult the site regularly for current info on important SPMC activities. Our site was begun about 1998 by Glen Johnson, and was maintained by Wendell Wolka until 2003, when the task was taken up by Schreiner. He accomplished a major design change in 2006, and added substantial new content, including member publications, exapaned coverage of SPMC events and business, covers and tables of contents for Paper Money, and (then as SPMC Librarian) detailed information on SPMC library holdings. Our site gets traffic, too. Proof is its success in recruiting new members! So visit the site frequently. If you have comments or suggestions you can contact various Society officers, including ye old editor, who can assist you in many ways. E-mail hot buttons will expedite your inquiry. Finally, if you've seen a new Lincoln cent in change -- or even if you haven't -- you are probably aware 2009 is the bicentennial of our 16th President's birth. Lincoln is broadly admired and represented on many of the objects we collect as a hobby. Whitman Publishing gave me the opportunity to celebrate Lincoln's bicentennial and summarize my 54-year love affair with old Abe in my new book Abraham Lincoln, the Image of His Greatness. I'm gratified by its reception, and want to extend to all SPMC members the same offer I have made to my readers in various other publications. Thirty-seven bucks postpaid gets you the book, a 19th century Lincoln National Bank check, and an autograph from me at fred@spinc.org •:• You are invited to visit our web page www.kyzivatcurrency.com For the past 8 years we have offered a good selection of conservatively graded, reasonably priced currency for the collector All notes are imaged for your review National Bank NoteS LARGE SIZE TYPE NOTES SMALL SIZE TYPE NOTES SMALL SIZE STAR NOTES OBSOLETES CONFEDERATES ERROR NOTES TIM KYZIVAT (708) 784-0974 P.O.Box 451 Western Sprints, IL 60558 E-mail tkyzivat@kyziyatcurrency.com rA1.21M11111M1 Paper Money • July/August 2009 • Whole No. 262 319 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 Are you planning a show? Want to have a paper money meeting? Would you like to have free copies of Paper Money magazine to distribute to attendees? Contact Judith Murphy P.O. Box 24056, Winston-Salem, NC 27114 oldpaper@yadtel.net Sellers of High Quality U.S. Paper Money Olde City NUMISMATICS (215) 738-6433 www.OldeCityOnline.com DBR Currency www.DBRCurrency.com P.O. Box 28339 San Diego, CA 92198 Phone: 858-679-3350 Fax: 858-679-75-5 • Large size type notes Especially FRNs and FRBNs • Large star Notes • 1928 $500s and $1000s • National Bank Notes • Easy to sort database By date added to Web site By Friedberg number All or part of any serial # • Insightful market commentary • Enlarge and magnify images I LITTLETON COIN COMPANY • SERVING COLLECTORS for OVER 60 YEARS Selling your collection? Call Littleton! You've worked hard to build yourpaper money collection. When it's time to sell, you want a company that's as thorough and attentive as you are. At Littleton, our team of professionals is ready to offer you expert advice, top-notch service, and a very strong cash offer. See why collectors like you have rated this family-owned company so highly. Call us at 1-877-857-7850 and put Littleton's 100+ years of combined buying experience to work for you! 7 Reasons you should sell to Littleton... 1 Receive top dollar for your collection - immediately 2 Quick turnaround - accept our offer and we'll send you a check the very same day 3 Single notes to entire collections 4 Deal with a company that has a solid reputation built from more than 60 years of service 5 You can rely on our professionals for accuracy and expert advice 6 Why travel? Send us your collection, or if it's too large and value requires, we'll come to you - call for details 7 Each year we spend over $15 million on coins and paper money - isn't it time for your check? Maynard Sundman David Sundman Jim Reardon Butch Caswell Founder President, Numismatist Chief Numismatist Senior Numismatist H915-2007) (ANA LA 04463, PNG «510) Ken Westover Numismatist Littleton Coin Company 1309 Mt Eustis Road • Littleton NH 03561-3735 Contact us: Toll Free: 1877) 857-7850 Toll-Free Pax: 18771 850-3540 CoinBuy@LittletonCoin.corn References: Bank of America Dun & Bradstreet #01-892-9653 America's Favorite Coin Source • TRUSTED SINCE 1945 LittletonCoin.com/SellYourCoins 52008 LCC. LLC B4J9 I ),' 1.7,72z, ;;,- 4 92' SS, ‘-'/S1 , .,7 31-•_11i,...- A6, , ,c X;;0/1.Ø./e/ , N40140.) -01WEIffi- aiLlatvla • 11.11'reOW -7. *SOWS' ) 011130hitiloon, 61 ti■Ci Niti10114 111$011h^Ort eVaRED3/1"41:6? """11111441 :.;-(1 I IN I "NITEll STATUS t It1 2 t..) WANTED: All types — Legal "fenders, Silver Certificates, Nationals, Federal Reserve Notes and more. .4/ 2 (17 : 411 77,1 3 320 July/August 2009 • Whole No. 262 • Paper Money OUR MEMBERS SPECIALIZE IN NATIONAL CURRENCY They also specialize in Large Size Type Notes, Small Size Currency, Obsolete Currency, Colonial and Continental Currency, Fractionals, Error Notes, MPC's, Confederate Currency, Encased Postage, Stocks and Bonds, Autographs and Documents, World Paper Money... and numerous other areas. THE PROFESSIONAL CURRENCY DEALERS ASSOCIATION is the leading organization of OVER 100 DEALERS in Currency, Stocks and Bonds, Fiscal Documents and related paper items. • Hosts the Please visit • Encourages • Sponsors the Money Convention, • Publishes several of these booklets • Is a proud PCDA annual National and World Paper Money Convention each fall in St. Louis, our Web Site pcdaonline.com for dates and location. public awareness and education regarding the hobby of Paper Money Collecting. John Hickman National Currency Exhibit Award each June at the Memphis as well as Paper Money classes at the A.N.A.'s Summer Seminar series. "How to Collect" booklets regarding currency and related paper items. can be found in the Membership Directory or on our Web Site. supporter of the Society of Paper Money Collectors. Missouri. Paper Availability To be assured of knowledgeable, professional, and ethical dealings when buying or selling currency, look for dealers who proudly display the PCDA emblem. ,./ The Professional Currency Dealers Association For a FREE copy of the PCDA Membership Directory listing names, addresses and specialties of all members, send your request to: PCDA Terry Coyle — Secretary P.O. Box 246 • Lima, PA 19037 (610) 627-1212 Or Visit Our Web Site At: www.pcdaonline.com L 00000001 Wesameron.D.C. Lot: 13888 • Fr. 1935-L* $2 1976 Federal Reserve Note. PMG Choice About Unc 58 EPQ Realized: $29,900 • HA.com/3505-109002 nocoon 12 Irwinfiiin•VATALsicos VIVITEDSTATESOFAXEMICA Lot: 14130 • Fr. 2221-G $5000 1934 Federal Reserve Note PMG Choice Extremely Fine 45 EPQ • Ex:-Krause Collection Realized $80,500 • HA.com/3505-66104 '',.:138739 9 3190 Fl 111016114ALKS Lot: 12964 • High Point, NC - $5 1882 Brown Back Fr. 469 The NB of High Point Ch. # 3490 Extremely Fine Realized: $74,750 • HA.com/3505-64002 sv. 66 Vt ftyirA..,"YouTszcAntwx , /;" Lot: 13479 . Deadwood, Territory of Dakota- $5 1875 Fr. 404 The Merchants NB Ch. # 2461 • PMG Very Fine 20 Realized: $63,250 • HA.com/3505-46085 1”,1.4111InIffw /Kg .1.,10V1114 •111, kW. JP I etk r I NATIONAL &RR EATerrn ,s. NOM: r rrie0..or la I gab.' = oisposilTIZZ. .0 IA sizariretihjw)sitreeitti Lot: 14133 • Fr. 22311 $10000 1934 Federal Reserve Note PMG Very Fine 30 Net • Ex: Krause Collection Realized: $63,250 • HA.com/3505-66105 To be included in one of our upcoming Signatures Auctions, call a Consignment Director today for a confidential review of your optimal selling solutions at the Consignor Hotline: 800-872-6467 Ext. 1001. 1 111000 4 Receive a free copy of a catalog from any Heritage category. Register online at HA.com/SPMC16358 or call 866-835-3243 and mention reference SPMC16358. The World's #1 Numismatic Auctioneer HERITAGE Audio/ ccilierk www.HA.com Steve Ivy Jim Halperin 2,..* ---Greg Rohan \...... Leo Frese (kk P . N . GWarren Tucker , Todd Imhof Knowledge Imegoo k,gonoddo • wr CIu ONFURRE Allk ArT More Than $6 Million Realized Central States Signature Auction We thank our Consignors, Bidders, and Staff for their Support and Participation in our Successful Central States Signature® Auction April 29 - May 3, 2009. The Central States Auction included the notes pictured here - a small fraction of the amazing lots that sold. Images, descriptions and prices realized from Heritage Numismatic Auctions are available in the Auction Archives at HA.com . Annual Sales Exceed $700 Million • 450,000 Online Registered Bidder-Members 3500 Maple Avenue, 17th Floor • Dallas, Texas 75219 • or visit HA.com 214-528-3500 • FAX: 214-409-1425 • e-mail: Consign@HA.com CURRENCY AUCTIONS OF AMERICA INC: OH 2009000043; OH AUCTIONEER LICENSES: SAMUEL FOOSE 2006000048; ROBERT KORVER 2006000049 This auction subject to a 15% buyer's premium.