Paper Money - Vol. XVI, No. 4 - Whole No. 70 - July - August 1977

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July • Volume XVI No. 4 Whole No. 70 ri r 414, ltitC6* S 14v..0111.116v111.S.1 ithiri.,;4";go4 /4/,/ 44,101141 IIL t't.104iNEI TI icoxtosro geographical listin 2204728 $1.00 FEDERAL RESERVE BANK NOTES All Circulated Notes are Accurately Graded. The Low and/or Unusual Numbers are Choice Crisp New-and are from the Famous James M. Wade Collection. Most Notes are One-of-a-kind SO are Offered Subject to Prior Sale. SPECIAL SPMC DISCOUNT-Deduct 10% on Orders $200.00 or more (July/Sept. only). Alternate Choices please. BOSTON F708 CN,F/F . . 39.50 CN+. . . . 52.50 CN++ . 52.50 CN Nice . 65.00 F710 VF . . . 19.50 ExF. . . 27.50 AU . . . . 34.50 CN+. . . . 52.50 CN++ . . 52.50 NEW YORK F711 AU . . .. 36.50 F712 CN . . . . 59.50 PHILADELPHIA F714 AU . .. . 44.50 CN . . . 69.50 F715 VF . . . . 24.50 ExF . . . . 36.50 AU . . . . 47.50 F717 ExF. . . . 36.50 AU . . . . 44.50 CLEVELAND F719 F 14.50 ExF . . . . 27.50 AU . . . . 36.50 CN,F/F. . 44.50 F720 AU . .. . 36.50 CN,F/F .. 43.50 RICHMOND F721 F 16.50 VF . . . 32.50 ExF. . . 42.50 AU . . . 54.50 CN . . . 77.50 F722 F 16.50 ExF. . . 42.50 AU . . . 54.50 ATLANTA F723 ExF. . . . 26.50 AU . . . . 47.50 CN . . . . 6930 'F725 VG . .. . 12.50 CN,F/F. . 52.50 F726 Fine. . . . 14.50 VF . . . . 29.50 ExF . . . . 37.50 AU . . 47.50 CN(Brown spot on Rev) . . . 53.50 CN . . .. 77.50 CHICAGO F727 ExF . . . . 27.50 AU . 36.50 CN .. . . 55.00 F728 ExF. . . . 29.50 AU . . . . 36.50 CN . . 55.00 ST. LOUIS F730 AU . . . . 65.00 CN,F/F. . 72.50 CN+. . . . 82.50 CN . . . 95.00 CN . . . . 85.00 AU . . . . 57.50 CN,F/F. . 65.00 CN . . . . 90.00 MINNEAPOLIS F734 VF . . . . 65.00 ExF . . . . 95.00 ExF/AU 115.00 F736 F 3VF . . 659 . 0050 CN,F/F . 149.50 KANSAS CITY F737 ExF. .. . 31.50 CN,F/F .. 47.50 F738 CN, F/F . 49.50 F739 CN,F/F. . 49.50 CN+. . .. 58.50 CN . . .. 64.50 DALLAS F740 VF . . . 29.50 F742 VF . . . . 29.50 ExF. . . 42.50 SAN FRANCISCO F743 ExF . . . . 29.50 AU . . . 47.50 CN,F/F. . 54.50 F745 F 16.50 F746 ExF. . . 29.50 ExF/AU 36.50 AU . . . 54.50 F731 F732 F733 BOSTON F708 Low #A75A CN 112.50 #A76A CN 112.50 #A77A CN 124.50 #A106A, A109ACN Ea 97.50 #A141A, A161ACN Ea 95.00 #A88888A CN . . 147.50 #A3999999A CN . . . 89.50 #A91919191A CN .. 87.50 #A444888A CN. . . . 97.50 #A444999A CN. . . . 95.00 NEW YORK F711 Low #B77A CN 119.50 #B80A, B111ACN Ea112.50 #B200A CN 97.50 #B666A CN 107.50 #B777A CN 115.00 #B800A CN 97.50 #B900A CN 97.50 #B1100A CN 95.00 #B1144A CN 95.00 #B3333A CN . 125.00 NEW YORK F711 #B148000A CN . 79.50 #B677777A CN . . . 87.50 #B14441A Radar CN 115.00 #B145541A RadarCN 119.20 #B99099A Radar CN 112.50 #B8383838A Radar SN 145.00 #B717517A Radar CN 119.50 #B767767A Radar CN 119.50 #B744447A Radar CN 119.50 #B6837386A Radar CN 124.50 CLEVELAND F718 #D125A CN . . . 97.50 #D170A CN 97.50 #D171A CN 97.50 #D222A CN 105.00 #D388A CN 95.00 #D403A CN 95.00 #D404A CN 95.00 #D421A CN 95.00 #D700A CN 90.00 #D999A CN 105.00 FRIEDBERG. "Paper Money of the United States". 8th Ed. Ppd. 17.50 HESSLER. "The Comprehensive Catalogue of U.S. Paper Money". New 2nd Ed. It's Terrific , Ppd. 25.00 SPECIAL-Both Books NET-Ppd. 36.00 Please add $1.50 to all Orders. 100% Satisfaction 10-Day Money Back Guarantee. SASE-for our Currency List Plus Hundreds of Books & Accessories @ DISCOUNT Prices. Why Not give us a Try-Join all those "Bebee' Boosters"-Y'all Hurry NOW! $2.00 FEDERAL RESERVE BANK NOTES BOSTON F747 Low #A106A CN195.00 #A175A CN 195.00 #A200A CN 195.00 #A999A CN 225.00 #A1414A CN .. . 190.00 #A1515A CN . . 190.00 #A1800A CN . . . 185.00 #A2121A CN . . . 195.00 #A2222A CN . . . 245.00 #A2345A CN . . . 195.00 #A2424A CN . . . 195.00 NEW YORK F750 Low #B125A CN. 95.00 #B150A CN 195.00 NEW YORK F750 #B175A CN. . . 195.00 #B333A CN 245.00 #B999A CN 215.00 #B1300A CN . . . . 190.00 #B2222A CN . . . . 250.00 PHILADELPHIA F753 #C55A CN ... 195.00 #C70A CN 195.00 #C90A CN 195.00 #C400A CN 190.00 #C500A CN 190.00 #C555A CN 225.00 #C3333A CN . . . 265.00 #C9999A CN . . . . 265.00 PHILADELPHIA #C33333A CN. 250.00 #C4444A CN . . . . 275.00 #C44444A CN. .. . 260.00 #C50000A CN. 185.00 #C55555A CN. . . . 275.00 #C80000A CN. . . . 185.00 CLEVELAND F757 #D50A CN . 225.00 #D60A, D70A, CN Ea 225.00 #D77A CN 245.00 #D72A, D80A CN Ea 225.00 #D103A, 0104A CN Ea 215.00 #D187A, D188A CN Ea . . 205.00 #D229A, D241A CN Ea 205.00 CLEVELAND #D287A , CN 190.00 #D303A CN 185.00 #D408A CN 185.00 #D441A CN 185.00 #D460A CN 185.00 DALLAS F776#K29A CN. . . . 345.00 #K30A CN 345.00 #K40A CN 345.00 #K44A CN 350.00 #K50A CN 345.00 #K60A CN 345.00 #K66A CN 350.00 #K70A CN 345.00 BOSTON F747 CN 145.00 F749 CN,F/F 90.00 CN+ 115.00 NEW YORK F750 CN, pin hole . 75.00 CN+ • 125.00 F752 CN,F/F 95.00 CN 149.50 PHILADELPHIA F753 CN 147.50 F754 AU 85.00 F756 F 29.50 VF 49.50 AU 85.00 CLEVELAND F759 F 29.50 CN . . . . . . . 147.50 RICHMOND F761 F 39.50 AU 125.00 CHICAGO F 65.00 F765 CN 135.00 VF 95.00 F767 VF 49.50 KANSAS CITY AU 69.50 F774 AU 135.00 CN,F/F ...... 95.00 CN 245.00 CN+ 115.00 F775 F 57.50 CN . : . . . . . 135.00 VF 87.50 MINNEAPOLIS ExF 107.50 F772 CN+ 225.00 CN+ 195.00 CN . . . . . . 275.00 DALLAS MINNEAPOLIS F776 F 47.50 F773 VG 35.00 AU 135.00 Bebee's, "Pronto Service" C + 215.00 CN 275.00 SAN FRANCISCO F778 VF 77.50 F779 VF 77.50 ExF 95.00 AU 135.00 CN,F/F 149.50 F780 VF 77.50 ExF 95.00 AU 135.00 CN 225.00 inc. 4514 North 30th Street Phone 402-451-4766 Omaha, Nebraska 68111 SOCIETY OF PAPER MONEY COLLECTORS INC. PAPER MONEY is published every other month beginning in January by The Society of Paper Money Collectors, Inc., J. Roy Pennell, Jr., P.O. Box 858, Anderson, SC 29621. Second class postage paid at Anderson, SC 29621 and at additional entry office, Federalsburg, MD 21632. (c) Society of Paper Money Collectors, Inc., 1977. All rights reserved. Reproduction of any article, in whole or in part, without express written permission, is prohibited. Annual membership dues in SPMC are $10 for the first year (includes $2 admission fee and $8 for each year thereafter, of which $5.25 are for a subscription to PAPER MONEY. Subscriptions to non-members are $10 a year. Individual copies of current issues, $1.75. ADVERTISING RATES Contract Rates SPACE Outside 1 TIME 3 TIMES 6 TIMES Back Cover 548.00 S130.00 S245.00 Inside Front & Back Cover 45.00 121.00 230.00 Full page 39.00 105.00 199.00 Half-page 24.00 65.00 123.00 Quarter-page 15.00 40.00 77.00 Eighth-page 10.00 26.00 49.00 25% surcharge for 6 pt. composition; engravings & artwork at cost + 5%; copy should he typed; $2 per printed page typing fee. Advertising copy deadlines: The 15th of the month preceding month of issue (e.g. Feb. 15 for March issue). Reserve space in advance if possible. PAPER MONEY does not guarantee advertisements but accepts copy in good faith, reserving the right to reject objectionable material or edit any copy. Advertising copy shall be restricted to paper currency and allied numismatic material and publications and accessories related hereto. All advertising copy and correspondence should be addressed to the Editor. Official Bimonthly Publication of The Society of Paper Money Collectors, Inc. VOL XVI — No. 4 Whole No. 70 July/August 1977 DOUG WATSON, Editor Box 127 Scandinavia, WI 54977 Tel. 715-467-2379 Manuscripts and publications for review should be addressed to the Editor. Opinions expressed by the authors are their own and do not necessarily reflect those of SPMC or its staff. PAPER MONEY reserves the right to edit or reject any copy. Deadline for editorial copy is the 1st of the month preceding the month of publication (e.g., Feb. 1 for March issue, etc.) SOCIETY BUSINESS & MAGAZINE CIRCULATION Correspondence pertaining to the business affairs of SPMC, including membership, changes of address, and receipt of magazines, should be addressed to the Secretary at P.O. Box 4082, Harrisburg, PA 17111. IN THIS ISSUE NATIONAL CURRENCY OF EL PASO Ben E. Adams 197 DESIGN UPDATE Gene Hessler 204 COPPER PLATE MYSTERY William J. Harrison 210 TRAGEDY ON THE STEAMER RUTH Ronald Horstman 214 DEPRESSION NOTES, 1928-C, D, E Graeme M. Ton, Jr 216 INDIANA'S RAILROAD MONEY Louis Haynes 222 HISTORICAL VIGNETTES John R. Isted 224 TYPE COLLECTING U.S. CURRENCY Paul H. Johansen 228 THOSE LAZY TWOS Charles A. Dean 234 MEMPHIS SHOW 241 IRAN'S ISRAELI 200 RIAL NOTE Ali Kafy 243 REGULAR FEATURES INTEREST BEARING NOTES 220 SYNGRAPHIC CHAT 220 COPE PRODUCTION 232 SECRETARY'S REPORT 238 LIBRARY NOTES 240 Whole No. 70 Page 195 Society of Paper Money Collectors OFFICERS PRESIDENT Robert E. Medlar, 220 Alamo Plaza, San Antonio, TX 78205 VICE PRESIDENT Eric P. Newman, 6450 Cec it Ave., St. Louis, MO 63105 SECRETARY Harry Wigington, P.O. Box 4082, Harrisburg, PA 17111 TREASURER C. John Farreri, P.O. Box 33, Storrs, CT. 06263 APPOINTEES EDITOR Doug Watson, P.O. Box 127, Scandinavia, WI 54977 LIBRARIAN Wendell Wolka, 7425 South Woodward Ave., Apt. 214, Woodridge, IL 60515 PUBLICITY CHAIRMAN Larry Adams, 969 Park Circle, Boone, IA 50036 BOARD OF GOVERNORS Larry Adams, Thomas C. Bain, Michael Crabb, Jr., David A. Hakes, Richard Jones, Charles O'Donnell, J. Roy Pennell, Jr., Glenn B. Smedley, George W. Wait, M. Owen Warns, Wendell Wolka. The Society of Paper Money Collectors was organized in 1961 and incorporated in 1964 as a non- profit organization under the laws of the District of Columbia. It is affiliated with the American Numismatic Association and holds its annual meeting at the ANA Convention in August of each year. MEMBERSHIP-REGULAR. Applicants must be at least 18 years of age and of good moral charter. JUNIOR. Applicants must be from 12 to 18 years of age and of good moral character. Their application must be signed by a parent or a guardian. They will be preceded by the letter "j". This letter will be removed upon notification to the secretary that the member has reached 18 years of age. Junior members are not eligible to hold office or to vote. Members of the A.N.A. or other recognized numismatic organizations are eligible for membership. Other applicants should be sponsored by an S.P.M.C. member, or the secretary will sponsor persons if they provide suitable references such as well known numismatic firms with whom they have done business, or bank references, etc. DUES-The Society dues are on a calendar year basis. Dues for the first year are $10, this includes a $2 admission fee. Each year thereafter the dues are $8, payable in U.S. funds. Members who join the Society prior to October 1st receive the magazines already issued in the year in which they join. Members who join after October 1st will have their dues paid through December of the following year. They will also receive, as a bonus, a copy of the magazine issued in November of the year in which they joined. PUBLICATIONS FOR SALE TO MEMBERS We have the following back issues of PAPER MONEY for sale for $1.50 each. For orders of less than 5 copies at one time, please include $0.25 per issue for postage. We have only the issues listed for sale. Library Services The Society maintains a lending library for the use of members only. A catalog and list of regulations is included in the official Membership Directory available only to members from the Secretary. It is updated periodically in PAPER MONEY. For further Vol. 4, 1965, No. 2 (No. 14) Vol. 10, 1971, No. 1 (No. 37) information, write the Librarian-Wendell Wolka, P.O. Vol. 4, 1965, No. 3 (No. 15) Vol. 10, 1971, No. 2 (No. 38) Box 366, Hinsdale, Ill. 60521. Vol. 10, 1971, No. 3 (No. 39) Vol. 5, 1966, No. 1 (No. 17) Vol. 10, 1971, No. 4 (No. 40) BOOKS FOR SALE: All cloth bound books are 8 1/2 x 11" Vol. 5, 1966, No. 2 (No. 18) Vol. 5, 1966, No. 3 (No. 19) Vol. 5, 1966, No. 4 (No. 20) Vol. 11, Vol. 11, Vol. 11, 1972, No. 1 (No. 41) 1972, No. 2 (No. 42) 1972, No. 3 (No. 43) FLORIDA OBSOLETE NOTES & SCRIP, Freeman . . . $6.00 Non-Member. . $10.00 Vol. 11, 1972, No. 4 (No. 44) MINNESOTA OBSOLETE NOTES & SCRIP, Rockholt . $6.00 Vol. 6, 1967, No. 1 (No. 21) Vol. 6, 1967, No. 2 (No. 22) Vol 12, 1973, No. 1 (No. 45) Non-Member. . $10.00 Vol. 6, 1967, No. 3 (No. 23) Vol 12, 1973, No. 2 (No. 46) TEXAS OBSOLETE NOTES & SCRIP, Medlar $7.50 Vol. 6, 1967, No. 4 (No. 24) Vol 12, 1973, No. 3 (No. 47) Non-Member. . $12.00 Vol 12, 1973, No. 4 (No. 48) VERMONT OBSOLETE NOTES & SCRIP, Coulter . . . $6.00 Vol. 7, 1968, No. 1 (No. 25) Vol. 13, 1974, No. 1 (No. 49) Non-Member. . $10.00 Vol. 7, 1968, No. 2 (No. 26) Vol. 7, 1968, No. 3 (No. 27) Vol, 13, Vol. 13, 1974, No. 2 (No. 50) 1974, No.3 (No. 51) NATIONAL BANK NOTE ISSUES OF 1929-1935, Vol. 7, 1968, No. 4 (No. 28) Vol. 13, 1974, No. 4 (No. 52) Warns - Huntoon - Van Belkum $9.75 Vol. 13, 1974, No. 5 (No. 53) Non-Member. . $12.50 Vol. 8, 1969, No. 1 (No. 29) Vol. 1974, No. 5 (No. 54) MISSISSIPPI OBSOLETE PAPER MONEY & SCRIP, Vol. 8, 1969, No. 2 (No. 30) Vol. 8, 1969, No. 3 (No. 31) Vol. 8, 1969, No. 4 (No. 32) Vol. 14, Vol. 14, 1975, No. 1 (No. 55) 1975, No. 2 (No. 56) Leggett $6.00 Non-Member. . $10.00 Vol. 14, Vol. 14, 1975, No. 3 (No. 57) 1975, No. 4 (No. 58) Write for Quantity Prices on the above books. Vol. 9, 1970, No. 1 (No. 33) Vol. 14, 1975, No. 5 (No. 59) Vol. 9, 1970, No. 2 (No. 34) Vol. 9, 1970, No. 3 (No. 35) Vol. 14, 1975, No. 5 (No. 60) ORDERING INSTRUCTIONS 1 Give complete description for all items oroered. Vol. 9, 1970, No. 4 (No. 36) Index Vol. 1-10 81.00 2. Total the cost of all publications ordered. 3. ALL publications are postpaid except orders for less than 5 copies of Paper Money. The Society of Paper Money Collectors, Inc. 4. Enclose payment (U.S. I unds only) with all orders. Make your check or money order payable to: Society of Paper Money Collectors. 5. Remember to include your ZIP CODE. P. 0. Box 858, Anderson, S.C. 29622 6. Allow up to six weeks for delivery. We have no control of your package after we place it in the mails. Page 196 Paper Money of El Paso By Ben E. Adams AUTHOR'S NOTE: When I started this article, it was my intent to present only the reminiscences of friends in El Paso who knew first hand of the National Banks located there during the time of the issuance of National Currency. However, as correspondence increased, and through the kind answers to my letters from the members of the Society, I found there was just too much information for one article on these fascinating banks. Therefore, this will be a two-part article. The first will be a general history and the recollections of those people with whom I have talked, corresponded with, and _from whom I have received information. The secondrp:F7ill be7 tTrFM- Vr-- which it is felt will be of interest to the niwbers. It is my hope that while you are readingilhis first part, you will correct my errors. Should you have additional data or corrections you wish to make, please feel free-C&contact me at: Ben E. Adams SPMC 2426, 2040 Lynn Lane, Hanford, CA 93230. Currenci LI:Mona! The city we know today as El Paso, Texas, was not always the bad town of movies, song, and fable. When Cabeza de Vaca came through The Pass of the North in 1535, he founcf the Tigua Indians living on the banks of a river which has since become known as the Rio Grande. The Tigua tribe, which is still in existance today in El Paso, is thought to be the oldest permanent, continuous settlement of peoples in the United States of America today. However, it was not until the Pueblo Indian revolt in Santa Fe in 1680, that any semblance of a permanent settlement was known. The refugees from Santa Fe were chased from that town to the banks of the Rio Grande at present day El Paso, and did not return until 1692. Their settlement, which was with the friendly Tigua Indians, finally became known as Villa Paso Del Norte (Village of the Pass of the North) until the name was changed to Ciudad Juarez (Mexico) to honor the Mexican hero, Benito Juarez. As an aside, one of the worst insults in the Border Spanish language, "cabron," came about from this migration of refugees. The Indians, pursuing the Spaniards southward from Santa Fe, taunted them with this word which means male goat, or goat-herder. After the annexation of The Republic of Texas in 1845, and the Treaty of Guadalupe Hidalgo ending the Mexican War in 1848, Anglos, as they are known today, began to come to this area to settle. I use the term "area" because the border between the United States of America and the United States of Mexico, was not truly defined until the presidency of Lyndon Johnson. People and livestock had no real regard for the international boundary; rather, they wandered back and forth at will. They farmed and grazed their herds where the grass was the greenest. The first attempt at any form of government north of the Rio Grande was in 1873, when the first mayor of El Paso was elected. However, by 1875 everyone seems to have forgotten that there was an elected mayor or any form of government. People who were coming to this part of west Texas were mostly migrating from the ruins of the Confederacy. Trade was in the form of barter, or any nation's hard currency. The only banking done was by the merchants. In 1879, El Paso had a population of 500 people. It is not known whether or not this included the total human population, or just those who were considered important enough to count. At that time the town consisted of five stores, three saloons, three hotels, a customs house, a Masonic Lodge building, and a school. There were three doctors and six lawyers, which would appear to be about the same ratio as today. In 1881, the tracks of the Southern Pacific Railroad reached El Paso. Immediately several things happened: The mayorial form of government was revived; the population doubled in one month; and, two National Banks were chartered. These two National Banks were the sixteenth and seventeenth to be chartered in the entire State of Texas. Up until this time (1881), the closest National Banks to El Paso were The First National Bank of Santa Fe, Charter Number 1750, organized in 1870, and The Second National Bank of New Mexico, Santa Fe, Charter Number 2024, organized in 1872. (For additional information on these two banks see PAPER MONEY, Vol. 9, No. 3, pages 91-93.) Santa Fe is more than 300 miles north of El Paso, which made banking there impractical. Whole No. 70 Page 197 THE STATE NATIONAL RANA OF 1 1 7 140 • ks N mu-tics 1 0017441)4 HE STATE NATIONAL AM OF FI P S1) , ,As 1.1,14S EL PASO NATIONAL FIRST NATIONAL CITY NATIONAL STATE NATIONAL Page 198 The State National Bank — Charter Number 2521 In February, 1880, two men arrived in El Paso on the same stage coach from Fort Worth. They had been on this trip together for nine days and in that time had become good friends. Charles R. Morehead had been a clerk in his father's banking and merchantile business in Lexington, Missouri, when he was younger. At the age of nineteen he had gone to work for Russell, Majors, and Waddell, as a freighter supplying army posts west of Missouri. He was married to Lemire Morris, a relative of William Morris, the financier of the American Revolution. Oscar T. Bassett, Morehead's fellow passenger on the stage, was an orphan from Vermont, who had established lumber yards in Clinton, Indiana and Fort Worth. He was married to Myrtle Nebeker of the later treasury Nebeker family. C. R. Morehead had been commissioned by the Newman Brothers, Mr. Rankin, and Mr. Orrick, to go to the southwest to investigate investments in Arizona and the possibility of chartering banks. O.T. Bassett was interested in supplying the railroads which were pushing to El Paso, and also in expanding his lumber business. Morehead recommended the establishment of a bank at El Paso and application was made for a National Bank charter in the Fall of 1880. Approval of the charter application was made on April 23, 1881; however, the bank had already opened for business, so confident were they that a charter would be granted. Morehead was president at a salary of $300 per month. The Newmans sent their nephew, W.H. Austin, to be cashier at a salary of $2,500 per year. O.T. Bassett and H.S. Newman were directors. The Southern Pacific Railroad reached El Paso in May, 1881, and the population immediately doubled to 1,000 from 500 persons. This was a very bold move to charter a bank in a town with a population of 500. The S.P. effectively stalled the Texas and Pacific Railroad from reaching El Paso for a year. Remember the six lawyers? During the National Currency Era (1863-1935), The Paper Money 1929-1 issued between 1929 and 1933. George G. Matkin, cashier, later became president. C.N. Bassett, president, was the son of O.T. Bassett, a founding director. 1929-11 issued between 1933 and 1935. George G. Matkin, cashier; C.N. Bassett, president. State National Bank was one of those rare institutions which never liquidated, went into receivership, consolidated with, or absorbed another bank. Simply speaking, The State National was the old fashioned bank of the past. It was a conservative backer of the Democratic Party, and until the 1960s the heirs of the founders still held a controlling Downtown El Paso in 1929-30. View is from a postcard issued by the El Paso Times to commemorate the first air mail service in 1930. Whole No. 70 Page 199 NATIONAL BANKS OF EL PASO 1 1 12521 THE STATE NATIONAL BANK I 12532 THE FIRST NATIONAL BANK I 4+ 3608 1 LOWDON NATIONAL 5239 NATIONAL EXCHANGE 7075 CITY NATIONAL BANK AMERICAN NATIONAL BANK NATIONAL BANK OF COMER. COMMERCIAL NATIONAL BANK BORDER NATIONAL BANK NATIONAL. BORDER BANKIf EL PASO NATIONAL BANK 1880 7514 7530 9155 1890 1900 1910 9/4/31 TEXAS RECEIVERSHIP 9/2/93 RECEIVERSHIP LIQUIDATION 2/21/17 110974 (LIQUIDATION 3/25(24 12487 'RECEIVERSHIP 10/30/24 12769 1 RECEIVERSHIP 5/ /24 1920 1930 1940 1950 1960 1970 THE EL PASO NATIONAL BANK OF 10140 interest. The only run the bank ever had was not really the fault of The State National; rather, it was an indirect victim. In 1931 when the First National Bank failed to open, by posting a notice on their front window ten minutes before schedule, people panicked and took it out on the bank across the street. After withdrawals of $800,000 in just one day, the management put up signs in the lobby indicating they would stay open until all had been served. They also piled up money for all to see. Within 15 minutes, the run was broken. On July 7, 1886, while still employed as cashier, W.H. Austin applied for a National Bank charter using State National stationery. Needless to say, his services were terminated in August. The El Paso National Bank of Texas (3608) opened January 1, 1887 with Edgar Beecher Bronson, a New York Tribune reporter and member of the famous Beecher family, as president. W.H. Austin was cashier. The El Paso National Bank of Texas failed in 1893 during the panic. It was printed in the Las Vegas (N.M.) Optic, that Austin and Bronson owed the bank almost $100,000 in outstanding loans at the time of the receivership. The First National Bank — Charter Number — 2532 Also in May of 1881, a second National Bank was opened for business with a capital of $50,000. This was The First National Bank, which by all accounts would appear to have been the 'wheeler-dealer' bank of El Paso. The First National Bank was founded by three brothers—Joshua, Jefferson, and Fredrick Raynolds—who went first to the Territory of New Mexico from Pueblo, Colorado. These brothers founded a number of banks in New Mexico, among which were The First National Bank of Las Vegas (2436) in 1879, and The First National Bank of Alburquerque (2614) in 1882. Joshua S. Raynolds was the first president of both The First National of Las Vegas and The First National of El Paso. He was also president of both at the same time. In contrast to The State National Bank, The First National Bank consolidated with two National Banks— National Bank of Commerce (liquidated July 15, 1910)— Charter Number 9155, and the American National Bank (liquidated December 31, 1912)—Charter Number 7530. The American National Bank, in turn, had succeeded two Page 200 Paper Money other National Banks in 1905: The Lowdon National Bank—Charter Number 5239; and The National Exchange Bank—Charter Number 7075. Both of the latter two named banks were liquidated on January 1, 1905, when the American National Bank was less than a year old. In 1910, when the National Bank of Commerce (9155) consolidated with The First National Bank, the National Bank of Commerce president was W.L. Tooley who became a vice-president of The First National Bank. In 1912, when the American National Bank (7530) consolidated with The First National Bank, the president, J.M. Wyatt, and vice- president, J.F. Primm, became vice-presidents of The First National Bank. J.M. Wyatt had come to the American National from the National Exchange Bank, where he was cashier, with the merger. During this period of expansion and consolidation, Joshua S. Raynolds was president, Ulysses S. Stewart was vice-cashier, John M. Raynolds (son) was assistant cashier as was Joseph Williams. James G. McNary, Joshua S. Raynolds' son-in-law, was clerk. John M. Raynolds left the bank to go back east to live. Stewart and Williams left in 1904 to start The City National Bank—Charter Number 7514, as president and vice- president. In 1907, James G. McNary was made assistant cashier, and in 1909, vice-president. Deposits were $3,000,000 in 1906. Second charter period, series 1882, denomination back, check letter J. J.E. Benton, cashier; James G. McNary, president. Mr. McNary was the son-in-law of Joshua S. Raynolds, the founder. Second charter period, series 1882, date back, check letter F, bank date May 29, 1901. Joshua S. Raynolds, president and founder; E.W. Kayser, cashier. Issued between 1908 and 1915. Kayser's son, Paul W. Kayser, became president of El Paso Natural Gas Company. James G. McNary was elected president in 1916. Towns in Texas, Louisiana, and Arizona are named for him or his family. He was also a director of the First National Bank of Alburquerque (2614), and in 1923, when there was a run on that bank, he rushed $500,000 from the Federal Reserve Bank on a military airplane to Albuquerque. In 1923, President Harding nominated McNary to be Comptroller of Currency. He divested himself of all his stock in the First National Bank, and moved his family and servants to a new home in Chevy Chase, Maryland. His two strongest backers were Andrew Mellon and Senator Pepper of Pennsylvania. The fight for his confirmation lasted for 60 days, with the principal charge against him being that the bank had loaned out excessive amounts of its capital to businesses in which he, McNary, had a financial interest. Senator James Couzens (R-Mich.) threatened to filibuster if McNary pushed for his confirmation. About this time, President Harding died and McNary returned to El Paso and repurchased his holdings in The First National Bank. McNary and his Louisiana partners bought a lumber company in Flagstaff, Arizona. Part of his holdings included a small town named Cooley, which he promptly re-named McNary. In 1926, the partnership broke up and McNary asked for a three month's leave-of-absence as lcyessuseussusere sue sea ixxx TM, ASSAM Ax TED STATES DIAMERICA Mir I' IRS I NA MAL MANN PASO TEXAS . se eu",„ FIVE 004...11iS 7 2 A eltairozataimasc Whole No. 70 Page 201 Third charter period issued between August 1925 and 1929. Bank date now May 28, 1921, H.C. Dunbar, cashier. Joshua S. Raynolds had returned as president for a time in the period 1925-1929. The First National Bank did not use the title 'cashier', rather the secretary, Wm. Graves, signed as cashier. Third charter period issued between August 1925 and 1929. J.E. Benton was again cashier and Joshua S. Raynolds still president. This is the note which came from Mexico in 1948. president, to go to Arizona to rescue his holdings. While in Arizona, his father-in-law, Joshua S. Raynolds, took over the presidency of the bank and somehow sold McNary's stock in the bank. Frank Murchison became president of the bank after the demise of Joshua S. Raynolds. McNary offered to reinvest in the bank if Murchison would make him Chairman of the Board. Murchison declined his offer. The First National Bank went into receivership in September, 1931. At that time it had almost $700,000 in National Currency outstanding. In its fifty years of existence, it had weathered the Depression of 1884, the Panic of 1893, the Panic of 1907, the Post War recession, but it could not survive the Great Depression. In September, 1931, there was 25% unemployment in El Paso. This was before the bottom of the Great Depression had been reached. The population at this time in El Paso, was approximately 105,000. Even with this population, three National Banks could not be supported in a style to which they had become accustomed. The El Paso National Bank (12769) had opened for business on June 25, 1925. When El Paso had a population of 500 people, it had two National Banks; in 1932, when the bottom of the Great Depression was reached and the population was over 100,000 people, it again had two National Banks. Between 1881 and 1932, ten National Banks had come and gone. When the First National Bank failed in 1931, The El Paso Herald Post newspaper blamed James McNary for the failure, even though he had been away from the bank for five years. The illustrations show the signature of Joshua S. Raynolds as president of the 1882 Date Back, the TCP 1902, and the 1929-I. James G. McNary, Joshua Raynolds' 1929-I, issued between 1929 and the receivership in September 1931. J.E. Benton, cashier; Joshua S. Raynolds, president. Page 202 son-in-law, is the signing president on the 1882 Denomination Back, having been elected president in 1916. These are the only two presidential signers on this bank. City National Bank — Charter Number 7514 The third bank in longevity during the period 1881 to 1935, was the City National Bank. Opening in 1904, it was in business for 20 years. When it was chartered, it became the fifth National Bank to operate in El Paso. Another National Bank opened later in 1904, to make six operating there. This was the American National Bank (7530). How could six National Banks exist in a town with a population of approximately 18,000 people? Probably the answer was Mexico. Mexico had been ruled since 1876 by the heavy hand of the dictator, Profirio Diaz. American mining, petroleum, and cattle interests were pouring immense amounts of money into that country. However, they were taking out even greater amounts. Even though the hard money of the time was gold and silver, the banks and paper money of Paper Money this bank for whom my father worked, told my father and several others who had money in the City National, their money was safe. If the bank failed he would personally make up their losses. Due to the Recession of 1924, too many poor risk loans, and a run, the City National Bank went into receivership on May 8, 1924. True to his word, Schwartz made good the losses of his friends and employees. The last president of the City National Bank was U.S. Stewart; the last vice-president was Winchester Cooley. Sam D. Young came to El Paso from Hillsboro, Texas to act as referee. In the accounting of 1922, the City National Bank had $500,000 in National Currency outstanding. Border National Bank — Charter Number 10947 The Border National Bank was formed in 1917 when there were four National Banks operating. The population of El Paso then was approximately 75,000 plus the armed Third charter period, plain back, issued between 1916 and 1928. Cashier signature missing. President was probably U.S. Stewart. Notice check letter F. Mexico had a very poor reputaton for stability. The relative stability of the U.S. National Banks was preferred by Americans operating in Mexico. It is well known that U.S. currency circulated freely in Mexico then as it does now. The Series 1902 $10 First National Bank (illustrated) was presented at The Popular Dry Goods Company (El Paso) by an American from Mexico for a purchase he had made. This was in 1948. The cashier refused to accept it, and my father took it and a 1918 $5 FRBN for face value. These are the two least expensive notes I have ever obtained for my collection. The Panic of 1907 (1907-1911) undoubtedly affected the City National Bank by coming only three years after it opened. During most of its existence, this bank was in fierce competition with at least three other National Banks. This competition was also aggravated by the "free- wheeling" post war period, and the easy credit attitude of the 1920s. Rumors of weakness at the City National Bank were being circulated in 1923 and at the start of 1924. Some rumors were so strong that Adolph Schwartz, a director of forces at Fort Bliss. The army was in such numbers because of World War 1 and the mounting of a punitive expedition against Francisco "Pancho" Villa into northern Mexico in 1916. The population was also swollen because of the long revolutionary unrest following the exile of Profirio Diaz in 1911. The Border National Bank was liquidated on March 25, 1924, and became the National Border Bank—Charter Number 12487. The National Border Bank lasted only seven months, and went into receivership on October 30, 1924. Crawford Harvie and C.M. Harvey were the signing presidents while there were three signing cashiers: W.E. Arnold, Leigh Lehman, and Harry Henderson. The Border National Bank had $200,000 in National Currency in the accounting of 1922, and on liquidation it paid 900 on the dollar. During the seven months of its existence, The National Border Bank is not known to have issued National Currency. El Paso National Bank — Charter Number 12769 On June 25, 1925, the El Paso National Bank opened for business in the Muir Building. The population growth had slowed considerably, in that it was approximately 95,000 people in 1925. 1104.045A stjtv.riftszisneadWan. ENLAV 14111,EACETO' Et PASO NATIARAL 8411 FL PASO atY MAn, DOLLARS 14004045A EZ iikEIBEE1 6ENE FL V=0 ArraeimeasomaissiiiiiiEweic ,..)-PPiTA.1"Ir.411.E. I 14 Whole No 70 1929-I issued between 1929 and 1933. H.A. Jacobs, cashier; C.M. Harvey, president. 1929-11 issued between 1933 and 1935. W.S. Warnock, cashier; C.M. Harvey, president. The officers of the bank were as follows: Charles M. Harvey—President (Former President of The Border National) Sam D. Young—Active Vice President W.P.B. McSain—Cashier Note that the Active Vice President was the same Sam D. Young who was the referee for the receivership of The City National Bank in 1924. A.H. Goldstein was a lawyer, while W.P.B. McSain had been the El Paso City Tax Assessor. During World War II, Young was elected bank president and later became Chairman of the Board. His son, Sam D. Young, Jr., was then elected president. C.M. Harvey was president until the National Currency era came to an end in 1935. As such he signed all issues. The 1929-I and 1929-II illustrations have different signatures for cashiers. The $5 1929-I cashier is H.A. Jacobs, while the $5 1929-His W.S. Warnock. The signature of H.A. Jacobs illustrates an interesting point along the border of Mexico as well as in Mexico. That H.A. Jacobs, cashier of El Paso National J.E. Benton, cashier of the First National Bank. George G. Matkin, cashier of State National Page 203 it is quite common to have an illegible signature. It is an unwritten rule that the more successful you are, the more illegible your signature becomes. In the accounting of 1934, the El Paso National Bank had $295,000 in National Currency outstanding. Other National Banks Of the twelve National Banks which were chartered in El Paso during the period 1881 to 1935, we have mentioned ten. The two not mentioned were relatively short lived. The El Paso National Bank of Texas—Charter Number 3608, was organized in 1886 and went into receivership seven years later during The Panic of 1893. When it went into receivership on September 2, 1893, it had $33,750 in National Currency outstanding. According to Bob Medlar, in 1916 there was only $450 outstanding. This would have been 10-10-10-20, Series 1882 Brown Back. The Commercial National Bank—Charter Number 10140, was organized in 1912, and was liquidated five years later on February 21, 1917. At the end of 1916, the Commercial National Bank had $147,200 (Van Belkum) and in 1917 had $110,600 (Medlar) in National Currency outstanding. This was a combination of Series 1902, Date Back and Plain Back. The only notes on this bank were signed by J.D. Campbell as Vice President, and W.W. Barber as Cashier. During the period of National Currency issuance, when there were National Banks operating in El Paso, 1881 to 1935, the population went from 500 to 105,000. Consider some of the following: 1. The first chartered—The State National Bank—was the only survivor to 1977. 2. The last chartered—the El Paso National Bank—during the National Currency era, was the only survivor to 1977. 3. In the fifty-four years of National Currency issuance in El Paso, two National Banks started in 1881, and two were in business in 1935. Twelve banks had been chartered during that period. In Part II, we will discuss the issues of the various National Banks, the relative rarity, and the availability of the various issues. REFERENCES: Dillistin, W. H., A Descriptive History of National Bank Notes, 1863-1935 Private Printing, 1956 Donlon, W. P., Mail Bid Sale No. 10, November 10, 1976 Jones, Harriot Howze, Editor, El Paso-A Centennial Portrait 1972, El Paso County Historical Society McKinney, M. G., Sonnichsen, C. L., The State National 1971, Texas Western Press, El Paso, Texas McNary, James G., This Is My Life, 1956, The University of New Mexico Press, Albuquerque Van Belkum, Louis, National Banks of the Note Issuing Period, 1863-1935, 1968, Hewitt Bros. Numismatic Publications World Book Encyclopedia 1960, Field Enterprises Educational Corp. Paper Money Magazine, Vol. 9, No. 3, pages 91-93 Private Correspondence: Ben S. Adams, Kathleen B. Adams, Jack Everson, Roman L. Latimer, Robert Medlar, M. Perlmutter, Mrs. J. A. Lindop. Page 204 (Editor's Note: The Following is an addendum to "Design Uncovered for the $100 1858 U.S. Treasury Note," which appeared in Paper Money XV, No. 6.) Very recently a booklet came to my attention which might be of interest to those who wish to know more about the financial climate which lead to the issue of the 1858 Treasury notes. The 59-page booklet had a lengthy title, "A Brief Account of all the Financial Panics and Commercial Revulsions in the United States, from 1690 to 1857," and it was published in 1857 by J.C. Haney in New York. The following is exerpted from the booklet. PANIC AND REVULSION OF 1857 "The revulsion from which we are still suffering has been remarkable for its suddenness and severity. "On the 23d of August last, the country to all appearance, was in a state of high and general prosperity. The Fall business had opened well; in some branches of business, dealers had done as much as they chose to do. DESIGN UPDATE By Gene Hessler Merchants were returning from the watering-places in excellent spirits, without a surmise of disaster. Pleasure- seekers were coming to the metropolis in crowds to partake of the rich banquet of delights which the caterers for the public amusement had provided for the opening season. The harvest of grain and grass then fully garnered, was superabundant; and, though Indian corn was late, yet there was little doubt of its ultimate safety in all the states south of New England. The great staples of the South were in active demand at remunerating prices. The manufacturing interests of the North were under a cloud, it is true, but they had long been in that condition, and it excited little remark. The shipping interest, since the Crimean war, had been scarcely paying its way; but that, too, was an old story. In short, the whole country, on the morning of the last 24th of August, felt satisfied with itself and confident of its future. "The following are the prices at which some of the leading stocks were sold at the New York Stock Exchange on that day:—N.Y. Central, 77 1/2; Erie, 28; Reading, 66; Michigan Central, 76 1/2; Panama, 90; Illinois Central, 106; Delaware and Hudson Canal, 114; Park Bank, 102; American Exchange Bank, 110. "We now present the subsequent events in the form of a brief. Paper Money DIARY OF DISASTER "Aug. 24th, 1857.—Failure of the Ohio Life and Trust Company was announced. A few days befoare, its stock had sold at 102, and it had declared a semi-annual dividend of 5 per cent. The failure astounded the street, and gave a shock to Confidence from which it has to yet begun to recover. This was the beginning disaster. "Aug. 25th.—John Thompson failed. The liabilities of the Ohio Life and Trust Company were found to be, at least, five millions, a large part of which were held by New York banks. Increased alarm and distrust. All stocks fell from three to seven per cent. N.Y. Central, 72; Erie, 22; Panama, 86; Illinois Central, 104. "Aug. 26th.—Failure of seven country banks announced. Increasing scarcity of money. Further decline in stocks. N.Y. Central, 71; Erie, 20; Reading, 59; Panama, 84; Illinois Central, 99 1/2; Metropolitan Bank, 104. "Aug. 27th.—Slight rally. Metropolitan Bank, 105; Erie, 21; N.Y. Central, 75; Illinois Central, 89; Delaware and Hudson Canal, 112; N.Y. Central, 74; Ohio Life and Trust, 17; Erie, 20 1/2. "Aug. 29th.—Slight decline on nearly all stocks. Park Bank, 98; Am. Ex. Bank, 100; Bank of N.Y., 110; Erie, 19. Two pet cent a month beginning to be thought a favorable rate for money. "Aug. 30th. —Sunday. "Aug. 31st.—The contraction of the New York banks had now reached five and a half millions in two weeks. Specie in banks $9,241,305. Rumors of failure and extreme uneasiness. "Sept. 1st.—Failure of Mechanics' Banking Association; Beebee & Co., bullion dealers; Adams & Buckingham, and many others. Almost a panic. Teller of Mechqanics' Banking Association a defaulter to the amount of $72,000. Erie, 18; N.Y. Central, 72; Reading, 55. "Sept. 2d.—No new failures and decided re-action from the the fright of yesterday. Am. Ex. Bank, 95; Metropolitan Bank, 97; Del. and Hud. Canal, 108; Erie, 20 1/2; N.Y. Central, 72. "Sept. 3d.—Still more decided rally. Cheerful, buoyant feeling everywhere; everyone supposing that now the crisis is over. Metropolitan Bank, 99 1/2; Del. and Hud., 109; N.Y. Central, 77; Erie, 24; Illinois Central, 104. "Sept. 4th.—The rally more than sustained. Slight advance on most of the leading stocks. "Sept. 5th.—Rally nearly all lost. Money very tight. Failure of Stillman & Allen. The first of the very blue Saturdays. "Sept. 6th.—Sunday. "Sept. 7th.—The contraction of the banks had now reached eight millions in three weeks. Specie in banks ten and a half millions. Bank statement discouraging. Several failures announced. No general fall in stocks, however. "Sept. 8th.—Awful pressure for money, and stocks all down. "Sept. 9th.—Fitzburgh & Littlejohn, proprietors of the old Oswego Transportation Co., failed. Other failures very numerous, and the city full of rumors and forebodings. Am. Ex. Bank, 98; Metropolitan Bank, 99; Park Bank, 84; Del. and Hud., 108; Erie, 19 1/2; Panama, 80; N.Y. Central, 69; /4/' ."7"''" /- 14111,11011)(10 // :011 W. 332:51a3M- Whole No. 70 Reading 411/2; Illinois Central, 90. "Sept. 10th.—Large failure among dry goods houses. Rumor that Bowen and McNamee had sustained themselves by selling their new marble store to W.B. Astor for cash. Contradicted; Mr. Astor in Europe. Every symptom of an approaching panic. New York bank stocks fell from three to five per cent. "Sept. 11th.—No change, but tendancy downward. Another dismal Saturday. "Sept. 12th.—Sunday. "Sept. 14th.—Wesley & Co., stock brokers, suspended, after having paid $400,000 differ. Board of Brokers resolve to restrict time sales to 30 days. Many very large failures. Am. Ex. Bank, 92; Del. and Hud., 105; Reading, 47; N.Y. Central, 70. "Sept. 15th.—Reports of extreme stringency in Philadelphia, Cincinnati, and Chicago. New York bank statement encouraging; specie increasing. Alarm beginning to be felt for the ship Central America. Page 205 "Sept. 22d.—Bangs, Bros, & Co., booksellers, failed, with many other important houses. Run of the Philadelphia banks. "Sept. 25th.—Philadelphia banks partly suspended specie payments. Universal bewilderment and panic. Decline of all stocks. "Sept. 26th.—Total suspension of Philadelphia banks. All eyes directed to New York banks. Am. Ex. Bank, 88; Metropolitan Bank, 90; Bank of Am., 100; Ocean Bank, 75; Del. and Hud., 103; Panama, 78; Erie, 15; Reading, 37; Illinois Central, 87; N.Y. Central, 66. Another of the Saturdays! "Sept. 27th.—Sunday. "Sept. 28th.—Bank statement looked for with extreme anxiety. It was thought encouraging. The contraction had proceeded to $13,500,000 in six weeks—as though so much money had been annihilated! Thirteen presidents of banks formally declared that the New York banks would not suspend. "Sept. 16th.—Increasing alarm for the Central America. Market feverish. Money at unheard of rates. Slight decline on most stocks. "Sept. 17th.—The loss of the Central America announced. Anxiety for the passengers drew off attention from the effect of the calamity on the times. Total loss, including gold in hands of passengers and the value of the ship, about two and a half millions. No insurance on ship; half a million gold only insured in New York. "Sept. 18th and 19th.—Market depressed, but quiet; slight decline in most stocks; Erie 17'/2. "Sept. 20th.—Sunday. "Sept. 21st.—Failure of Persse & Brooks, Cyrus W. Field & Co., paper dealers. Immense failures in Philadelphia, Caleb Cope & Co. among them. Intense pressure everywhere. Am. Ex. Bank, 91; Ohio Life and Trust, 31/2; N.Y. Central, 67; Illinois Central, 89; Panama, 81; Erie 161/2, "Sept. 29th.—Crisis in Chicago; many failures there and panic. New York full of rumors. Failures very numerous, but few important. Erie Railroad hard pressed, and meeting called of stockholders. Bank of Am., 98; Metropolitan Bank, 96; Del. and Hud., Canal, 98; N.Y. Centrial, 60; Erie, 13. Upon the whole, a better feeling in the city. "Sept. 30th.—Further decline in stocks. Business men in chronic panic. Money all but impossible to get at any price. "Oct. 1st.—Four banks in Louisville suspended. No improvement in money. Erie, 10'/2; N.Y. Central, 54. All bank stocks lower. "Oct. 2d.—Absolute panic. Michigan Central fell 10 per cent under the announcement that the October dividend would be retained. Farmers and Mechanics Bank of Williamsburgh suspended. The great failures were, P. Chouteau Jr. & Co. (Five), Lawrence, Stone & Co. of Boston. Am. Ex. Bank, 70; Reading, 31; N.Y. Central, 54. Page 206 "Oct. 3d.—The hard Saturday. Thirty-five millions to pay. The street was desperate, and, on the whole, successful. Few notes protested. The suspension of the large house of Clark, Dodge & Co. was the disaster of the day. Everyone felt greatly relieved at the close, and even the croackers thought the worst was over. Bank of Commerce, 78; Del. and Hud. Canal, 90; Reading, 25 1/2; Illinois Central, 75; N.Y. Central, 51. "Oct. 6th.—The Bank statement this morning affected business very unfavorably. The fatal contraction had continued, and the banks showed less than had been expected. Decrease in loans and discounts, $1,855,934; decrease in specie, $1,926,682; increase in circulation, $77,794; decrease in deposits, actual, $4,120,498. The great Pacific House of Willets & Co. stopped and the American Exchange Bank refused the drafts of Sather & Church, of California. Money was next to impossible. N.Y. 6s, 90; Merchant's Bank, 92; Metropolitan Bank, 72; Rutger's Fire, 106 1/2; N.Y. Central, 52. Three Hartford banks suspended. Better feeling in Boston. Extra session of the Pennsylvania Legislature began. "Oct. 7th.—Increased depression in consequence of the Bank statement. Rumors and forebodings on every hand. N.Y. 6s, 90; Bank of America, 92; Metropolitan Bank, 70; Am. Ex. Bank, 69 1/2; Erie, 10 1/2; Reading, 27; Among the failures announced to-day are Mellis & Ayres, Blake & Brown, Bulkley & Co., all dry goods; Mark J. King, furs, and several others. "Oct. 8th.—Bowen & McNamee suspended; also, W.G. Lane & Co. Great panic and very numerous failures. N.Y. 6s, 90; Metropolitan Bank, 60; Am. Ex. Bank, 65; N.Y. Central, 52; Reading R.R., 27; Illinois Central, 80. "Oct. 9th.—The Harpers suspended. Run on the Park Bank for a few hours. Bowery Bank suspended after a fun. Meeting of Bank officers at the Insurance Buildings; no concert agreed upon, and no result of the meeting. Failures numerous and very heavy. N.Y. 6s, 91; Illinois Central Bonds, 65; Metropolitan Bank, 60; Bank of Commerce, 70; N.Y. Central, 52; Erie R.R., 9 1/2; Harlem, 7. "Oct. 10th.—Erie Railroad Company, Michigan Central and Illinois Central failed to meet their engagements. Failure of John N. Genin, Seymour & Co. Corning & Co., and a score of others. Run on several of the Savings Banks. General panic and paralysis. By far the worst day of the revulsion, thus far. Erie, 7 1/2; Metropolitan Bank, 58; N.Y. 6s, 91; N.Y. Central, 53; N.J.R.R., 100; Bank of Commerce 68 3/4. "Oct. 11th.—Sunday. "Oct. 12th.—Grocer's Bank stopped. At the Clearing House, to-day, the officers of the New York banks formally declared a resolution to maintain specie payments to the last. Complete anarchy in the stock market. Erie, 8. "Oct. 13th.—The end!! At ten in the morning a run of depositors for gold began on all the weaker banks in New York, and, before the hour of closing, the following were compelled to suspend:—Broadway Bank, Ocean Bank, Irving Bank, Leather Manufacturers Bank, North River Bank, Merchants' Exchange Bank, Marine Bank, New York Exchange Bank, St. Nicholas Bank, Butchers' and Drovers' Bank, Tradesmen's Bank, Artisans' Bank, Citizens' Bank, Bull's Head Bank, Chatham Bank, People's Bank, Market Paper Money Bank, Bank of New York, and the Hudson County Bank, Jersey City. In the evening, at a meeting of Bank officers, it was ascertained that the total amount of gold in the remaining banks was little more than five and three quarter millions, and it was agreed to suspend. The excitement throughout the city is too fresh in everyone's recollection to require remark. "Oct. 14th.—All the city banks suspended except the Chemical, which also held out in 1837. Suspension in Boston, etc. THE VICISSITUDES OF COMMERCE "A few months since, the partner of a commercial house in this city was taken to a lunatic asylum, utterly deranged, as was said, by his unparalleled prosperity in business. During the year previous his firm had cleared $1,300,000. He died in the asylum, and his own estate was valued at $2,500,000, all invested in the concern of which he was a partner. The firm itself failed the other day, and is now said to be utterly insolvent. One item of the assets of the deceased's estate was a thousand shares of the Illinois Central Railroad stock, which was welling at the time of his decease, at $140 a share, and which was worth, after paying up the installments, $800,000. The same property sold yesterday at public sale at $50,000. "All this occurred within eighteen months—the prosperity, the insanity, the decease and the insolvency.— Evening Post. THE NUMBER OF FAILURES "It is not possible to arrive at the whole number of failures during thelast eight weeks. About 260 have been reported, but, including those not reported, and those of too little importance to be reported, it is probable that not less than 500 houses have failed since the pressure began. The entire liabilities of these houses are certainly not less than 50 millions of dollars. THE CAUSE OF THE REVULSION "For every general revulsion, like that of 1837 and 1857, there are remote causes as well as theimmediate and exciting causes. The immediate cause of the present revulsion is known to everyone. It was the bank expansion of the last summer, succeeded by the sudden contraction of the past few weeks. The practical effect of the contraction here and elsewhere, has been to reduce the quantity of money in circulation by more than 200 millions of dollars. Hence, the scarcity of the article—hence, the bankruptcy, the panics, the paralysis. "But the remote and real cause of this, and every other genuine business revulsion, is a previous destruction of value, which the credit system has mitigated and concealed. This previous destruction of value has been owing to the following causes:— "Unprofitable railroads. "Railroad financing to sustain companies really bankrupt. "Falling off in emmigration from one-third to one-half. "Stagnation of the shipping interest since the termination of the Crimean war. Whole No. 70 Page 207 "Excessive building of dry goods and other places in New York, Chicago and other cities. "General unprofitableness of trade with California for two years. Many establishments in New England run at a loss. "Excessive importation of ornamental goods from Europe. "Suicidal importation of useful articles which ought to be made here. "Land speculation in the West for the last five years. "Abuse of the credit system—(credits of 6 and 8 months must be abolished.) "Ladies' voluminous costumes causes the waste of perhaps one hundred million yards of valuable goods. "A too rapid absorption of the Western lands—leaving half a dozen states behind to get to Kansas, Nebraska, etc. "General neglect of the homelier and manlier occupations, particularly farming; and excessive fondness of the meaner callings—such as store keeping, banking and speculation. "Lost of two millions in the Central America." (Editor's Note: For the original article, Mr. Hessler sent corrections which arrived too late. The 50-centavo note is from Argentina, not Bolivia. Footnote 1 applies to B. Hepburn and 2 refers to Walter Breen.) HICKMAN TO BE GUEST SPEAKER. John Hickman, widely known dealer and collector of national bank notes, will be the featured speaker at this year's SPMC educational forum. The subject of Hickman's talk will be, "The Survival of National Banknotes." John Hickman is a native of Macon, Georgia. He has been a resident of Iowa since 1949, where for 25 years he sold bank equipment throughout the state. A coin collector since his youth, he developed an interest in Civil War tokens in the early 1960s. In a trade with another collector he received a $10 Third Charter National banknote. While researching the history of the note he became fascinated, and shortly thereafter became an avid collector. In 1965 he formed a partnership with John Waters, sending out the first of their comprehensive lists of nationals that year. Over the next seven years Hickman and Waters offered over 30 extensive lists of nationals, most of them containing several hundred notes. When Waters left the business for personal reasons, Hickman formed a partnership with Dean Oakes of Iowa City, where the lists were carried on in a larger scale. The partnership of Hickman & Oakes paid a world record price for a banknote in 1974 when they purchased the only known $100 1882 value-back note for $25,000. In April of 1876, and again in 1977, they introduced the sealed bid mail auction to the sale of rare nationals with great success. Over the years Hickman and his two partners have handled over 25,000 different national banknotes. These notes, along with the collections and hoards he has examined, formed a file which contains descriptions of over 100,000 notes. Hickman is the curator of the Higgins Museum in Okoboji, Iowa. The museum is scheduled to open this summer. Sponsored and operated by the William R. Higgins Foundation, the 9,000 sq. ft. museum is dedicated to preserving the artifacts of national banking and includes an extensive library and a collection of nationals valued at over $500,000. JAPANESE INVASION MONEY. By Arlie R. Slabaugh. 40 pages, illustrated, soft covers, 1977. Most collectors of Japanese invasion money issued during World War II are already familiar with Arlie Slabaugh's catalog which has become a standard on this subject. The new 5th edition (1977) is completely revised and updated. Prices of Japanese invasion notes are generally upward but some are down, reflecting changes in demand and availability. Many additional code and place letters are listed as well as a few notes never before published since this is a field where collectors can still make new discoveries. It is entirely possible that veterans of World War II, Pacific area, may still have stored away among their souvenirs some of this paper money issued for the Philippines, Malaya, Dutch East Indies, Burma and Oceania which is presently unknown to collectors and it is well worth having this catalog to check. The author mentions several notes that may have been issued but which are presently unverified. Although only 40 pages, the illustrated catalog includes, in addition to descriptions of Japanese invasion money, a wealth of fascinating data on the background of these notes such as the cloak and dagger operations of the secret money war. While most of the notes, which range in denomination from one cent to one thousand dollars, are common and worth little, some of these once worthless issues are now worth tidy sums. If your favorite coin or hobby shop does not stock the catalog, it may be obtained directly from the author, 1025 Crozer Lane, Springfield, Pa. 19064. Page 208 Paper Money These pages contain just a sample of the many choice notes consigned in the A.N.A. AUCTION August 23-27 in Atlanta, Georgia The 1977 A.N.A. CONVENTION AUCTION will he 5 sales in I and will include ONE OF THE MOST IMPORTANT PAPER MONEY SALES IN NUMISMATIC HISTORY Featuring: • NUMEROUS FINEST KNOWNS • MANY RARITY 7's & RARITY 8's • 100's of NATIONALS from virtually EVERY STATE (inc. Alaska & Terr.) • LEGALS 51 to 5100 • SILVERS $1 to $100 • COIN NOTES $1 to $100 • FED RES BN' ,, $1 to $50 • FED RES NOTES $1 to $1,000 • GOLD NOTES $1 to $1,000 • SEVERAL DOUBLE DENOMINATION NOTES • MANY INVERTS — SOME UNIQUE • ONE OF THE FINEST SELECTIONS EVER OFFERED OF UNCUT & CUT SHEETS • FRACTIONALS • SMALL SIZE, AND MUCH MUCH MORE 5100 1880 LEGAL TENDER NOTE — F-178 $100 1878 LEGAL TENDER NOTE - F-171 ONE of ONLY TWO COLLECTIBLE SPECIMENS!! EXCEEDINGLY RARE - ONLY 5 KNOWN ONE OF TWO KNOWN ¶50 1880 F-32o SILVERS Bruce-Gilfillan Signatures $50 INTEREST BEARING NOTE - F-108 EXCESSIVELY RARE — FINEST KNOWN ¶50 1 8Qi SILVER CERTIFICATE - 1-332 $20 1880 SILVER CERTIFICATE — F-312 EXCESSIVELY RARE - One of only Three known EXTREMELY RARE - Bruce-Wyman; small red seal MANY NOT CONTAINED IN THE CELEBRATED ALBERT A. GRINNIELL COLLECTIONmulli Whole No. 70 Page 209 PROBABLY UNIQUE $100 "Original Series" Ch. =1307, Amsterdam, New York National $3 UNIQUE 1918 FRBN Double Denomination Boston — Ex A.A. Grinnell Collection EXCEEDINGLY RARE $50 1880 LEGAL F-150 ONLY SIX KNOWN!!! Extremely Rare $1.000 1907 Gold Cert F-1219 — ONE OF ONLY 4 KNOWN $50 1880 SILVER CERTIFICATE — F-328 Exceedingly Rare - Only (I Known to exist $50 3-Year Interest Bearing Note F-212 Friedberg's Plate Note - ONLY 2 KNOWN!! POSSIBLY UNIQUE $100 COMPOUND INTEREST NOTE VERY FINE — AMAZING DISCOVERY"fil UNIQUE $100 1880 F-173 LEGAL TENDER NOTE Bruce-Wyman sigs. — Ex A.A. Grinnell Consignments now being accepted for the M.A.N.A. Sale October 23rd & 24th in Washington, D.C. area. ORDER YOUR CATALOG NOW $5.00 (includes 5 Auction Books, Deluxe Library Holder, Prices realized after sale) KAGIN'S NUMISMATIC AUCTIONS, Inc 1000 Suite 600-608 Capital City Bank Bldg. Des Moines, Iowa 50309 Phone: (515) 243-0129 Oaf ESSIOtk UMISM A llsis eullD •it4c Page 210 Paper Money Copper plate engraved by William Harrison, Jr. to print the first notes issued by the Miami Exporting Co. The reverse of the plate shows the stamped impression of the name of the supplier, "J. Oat, Phila.". I have often wondered why some collectors and dealers of paper money are so mysteriously secretive about the source of rare specimens. The only answer that seems to explain the matter is perhaps that they jealously did not wish others to discover their favorite suppliers. Strangely enough, two of my old friends, outstanding collectors and gentlemen no longer with us, helped me acquire one of the highlights of my collection in almost cloak and dagger fashion. One evening some years ago, I stopped off at Julian Blanchard's apartment to go out to dinner with him before we went to a meeting of the Essay- Proof Society at the Collectors Club in New York. While I was there he gave me a sheet of three notes, $3, $5, and $20 of the Miami Exporting Company of Cincinnati, Ohio. The sheet was an obvious reprint from the original copper plate, on modern heavy white bond paper. I was very pleased and happy to have the sheet since the notes had been engraved by a man named William Harrison. When I The Copper Plate Mystery held the sheet up to the light, I was surprised to see the water marks showing it was "Crane and Co. 1930 Bond No. 29." As soon as I saw that 1930 date in the watermark, I asked Julian where he got the sheets—he had several of them—because I realized that the sheets had to have been printed in the last five or ten years, and therefore the copper plate could very well still be in existence. I pointed this out to him and he surprised me by becoming very reticent and evasive. He finally suggested that if I could get Tom Morris alone at the Essay-Proof meeting, I should tell him that I had acquired one of the Miami Exporting Company sheets and ask him if he knew anything about them or the whereabouts of the original copper plate, but not to mention Julian's name! When I was finally able to engage Tom in a private conversation that evening, I mentioned how pleased I was to have come into possession of one of the Miami Exporting Company sheets and wondered if he knew anything of their source or the plate. To my complete dismay, he said he knew nothing about them and immediately changed the subject. Naturally I thought both Tom's and Julian's behavior was most unusual. (I still think so!). However, it had been a very pleasant, interesting and rewarding evening as usual at the Essay-Proof Society meetings. About 9:30 the next morning, I had a very friendly phone call from Tom Morris; he wanted to know if I could call on him at his office that day as he would like to talk to me about the sheet of Miami Exporting Company notes. Of course I went up to his office in the Lincoln Building on 42nd Street that afternoon and had a most pleasant visit with Tom. I will always remember him opening the big safe in his large office and taking out a small leather book containing die proofs of many early United States postage stamps, each of which had been either initialed or signed by the engraver. It seems that it was the custom of the early engravers to take proofs of their work, sign them and present them to their fellow artists as momentos. To any by William J. Harrison. one interested in engraving, those proofs were beautiful work to admire. Finally the conversation turned to the Miami Exporting Company notes, and when he realized that Harrison had engraved the notes, he really surprised me. He said that if I would not disclose that I had the plate or had purchased it from him, he would gladly sell me the engraved copper plate. Naturally I agreed to his conditions, whereupon he opened the top drawer of his desk and took out a large envelope and handed it to me. Sure enough it contained the Whole No. 70 Page 211 'fr )1 ',1/./ (///(/ _ /t/ ) • if lit /VI V/'(1/i Tf f '( "(4 11/!/,‘') - / I /7/ ( .r/r / /1 (// jrr via,/ , , i t i'////1.17 - e _FIVE 1- 27A , ;0 1.y:16://;1/ a / / 4 A1 E X IN C 0 MPANY ,-/// / ,f7: /14(4)(4,:if;rti3e .01 f „* to.pni,Je>riy;e4p, ,w //',/,/,/,,/,,/ '11 / / r'10/ 7/ /// ? ,/./ ./4 ://fre 1/ An impression made in 1969 from the original copper plate for the first notes. plate and two interesting documents, one telling how the plate (and possibly others) had been saved, and the other some facts about the bank. All this happened more than 30 years ago, and I am sure both Julian and Tom would smile with amusement if they knew this story was now being told. The two explanatory notes which were in the envelope with the plate read as follows: Mt. Healthy, Ohio. October 12, 1931. C.R. Morris as direct descendant of Robert Morris, a former officer and organizer of The Miami Exporting Co. make this statement: The bank notes and copper plates for printing bank notes that have been turned over to H.A. Brand were the former property of the Miami Exporting Company and have been in the possession of the Morris family since the time they dissolved. Signed C.R. Morris Page 212 The State of Ohio was admitted to the Union on March 1, 1803. The first bank was organized in April, 1803, at Cincinnati under the name of "THE MIAMI EXPORTING COMPANY." This bank was established to facilitate trade and was capitalized for $500,000 a fantastic sum in those days. Shares were made $100 each, payable $5 in cash and $45 in produce and merchandise, acceptable to the president and directors. The remaining $50 was to be paid the second year, also in produce. This bank issued bills and redeemed them in notes of other banks. The bills of this bank were counted as good money for a period of about 40 years. The Capital Stock was $500,000. of which $292,955. was paid in. In 1837 bills were in circulation to the amount of $383,645. At that time Oliver M. Spencer was president, Samuel C. Vance, cashier. D.C. Wismer in the Preface in his booklet "DESCRIPTIVE LIST OF OLD PAPER MONEY ISSUED IN OHIO" states: "The First Bank in Ohio, entitled The Miami Exporting Company, at Cincinnati, was incorporated by the First Legislature of the State, April 15, 1803, for the purpose of supplying paper credit in the shape of Bank Notes to facilitate the transportation of Ohio products. This object was secured by giving the Company Banking privileges, which before the year 1866, granted to Banking Institutions the right to issue their notes as Paper Currency as long as they redeemed them in silver or gold coins in accordance with the Laws of the United States. Paper Money "On March 1, 1807, The Miami Exporting Company reliquinshed all its other affairs and confined itself to banking. The Capital was $500,000. in shares of $100,00 each; $5.00 to be paid in cash, and the balance in wheat, corn, butter, pork or other products which the subscribers of the stock might have that would be acceptable to the President and Directors of the Company." With the settlement of the Northwest Territory and the admittance of Ohio in 1803 to the United States, the era of the "wildcat" banks started. Ohio was in the middle of this activity, and one of the best historical novels of the financial and banking problems of Ohio at this time is titled "Jonathan Blair: Bounty Lands Lawyer" by William Donahue Ellis. I highly recommend it to any one interested in our early paper money and banking. In fact the end papers of this 1954 book are illustrated with obsolete Ohio bank notes. To me the one disappointing part of this story of The Miami Exporting Company first notes is that to date, I have been able to find only one badly torn and circulated original specimen of the $20 note of the first issue. I wonder if other collectors have any circulated copies of these three first notes of The Miami Exporting Company? ONLY SURVIVOR? Described by Hickman & Oakes as the only known note from Temple, Territory of Oklahoma, a $10 Red Seal in VF condition sold for $2,100 in the firm's recent mail sale. georgia obsolete currency wanted The following is a partial wantlist of Georgia currency wanted for my collection. I will pay fair and competitive prices for any Georgia notes. If you have Georgia currency for sale, please write, or send for my offer. Any material sent for offer, held until my check is accepted or refused. COLUMBUS Agency, Bank of the State of Ga., (actually Scrip, payable at the bank to bearer), any note. Bank Of Chattahoochee, any note. Bank of Chattahoochee County, any note. Bank of Columbus, almost any fractionals, 850.00, 8100.00, 5500.00. Bank of St. Marys (BRANCH),—(some issued from APPALACHICOLA Fla., & payable at Columbus). any note. Tom Brassill, any note. Chattahoochee R.R. & Banking Co., any note. City Council of Columbus, any note. City of Columbus, any note. Columbus armory, any note. Columbus Iron Works,—There are many varieties, need quite a few. Write or send for offer. Dillard Powell & Co., any note. EAGLE & PHOENIX MFG, CO. (1893), any note. Ellis & Livingston, any note. Farmers Bank of Chattahoochee, any note. Greenwood & Grimes, any note. T.M. Hogan, any note. Insurance Bank, any note. Livery Stables, any note. Manufacturers & Mechanics Bank, 82.00, 53.00, 510.00. Mobile & Girard R.R., any note. MUSCOGEE MFG. CO . (1893), any note. Palace Mills, almost all notes. Phoenix Bank, any note. Planters & Mechanics Bank, any note. COOL SPRINGS WILLIS ALLEN (store), any note. CORDELE Crisp County Cotton association (1915), any note. COVINGTON Richard Camp, any note. CUTHBERT Banking House of John McGunn, any note. DAHLONEGAH Bank of Darien (BRANCH), any note. Cherokee Bank, any note. Pigeon Roost Mining Co, any note. DALTON Bank of Whitfield, any fractional; "MANOUVIER" 83.00 & 85.00. Cherokee Insurance & Banking, any Fractional; 82.00, 85.00, 810.00. City Council of Dalton, any note, especially signed. Planters Insurance Trust & Loan Co., any note, ESPECIALLY SIGNED. Planters & Mechanics Bank, any FRACTIONAL. DARIEN Bank of Darien, any note. DECATUR —Scrip, Various issuers, want any note. DUBLIN Laurens County, any note. EATONTON Bank of the State of Ga. (Branch), 850.00, 8100.00. ELBERTON Elbert County, any note. FORSYTHE County of Monroe, any note. Monroe R.R. & Banking Co., (Branch), any note. Scrip payable at ATENCY OF THE Monroe R.R. Bank, any note. FORT GAINES Fort Gaines, any note. FORT VALLEY Agency Planters Bank (Scrip), any note. GAINESVILLE City of Gaineville, any note. GEORGETOWN John N. Webb, any note. GREENSBOROUGH D.B. Lanford, any note. BANK OF THE STATE OF GA (BRANCH) (RARE) Pay high, any note. BANK OF GREENSBOROUGH, any note. GREENVILLE County of Merriwether, any note. claud murphy, Member of the ANA for 18 years, No. 31775.BOX 921 DECATUR, GEO. 30031 PHONE (404) 876-7160 After 5:30 EST NASCA NUMISMATIC AND ANTIQUARIAN SERVICE CORPORATION OF AMERICA 265 Sunrise Highway, County Federal Bldg., Suite 53 Rockville Centre, L.I., New York 11570 516/764-6677-78 George W. Ball, Chairman of the Board Dr. Douglas Ball In his February 1977 editorial in • The Bank Note Reporter, Editor Austin Sheheen, Jr. had this to say of Dr. Douglas Ball: "I first met Douglas at one of those "rag pickers" sessions sponsored by the A.N.A. some years ago. Immediately we began a friendship that has prompted many pieces of correspondence, telephone conversations and personal visits. DURING THOSE YEARS I HAVE COME TO KNOW AND RESPECT DOUGLAS AS ONE OF THE GREATEST AUTHORITIES AND TRUE SCHOLARS OF THE ECONOMIC AND FINANCIAL POLICIES OF THE CONFEDERATE STATES OF AMERICA THAT HAS EVER LIVED ..." In a past issue of • Coins Magazine, WALTER BREEN said of Douglas Ball: "Douglas Ball, author of a splendid long foreword to 'The Register' (Thian's Register of the Confederate), is probably the best informed collector of Confederate States of American material now alive ..." Douglas Ball has long since expanded his horizons and abilities to all phases of currency. He unquestionably ranks amongst the most knowledgeable leaders in the currency fraternity. DON'T YOU THINK HE SHOULD CATALOGUE YOUR COLLECTION OF CURRENCY FOR OUR FALL 1977 SALE? WE DO! LET'S DISCUSS IT NASCA has instituted a tradition that has propelled us to the forefront in the fine auction sales of quality material of all types. Why not write or call Herb Melnick today so we may discuss our most favorable consignor terms with you. NASCA 265 Sunrise Highway Suite 53 Rockville Centre, N.Y. 11570 Dear Mr. Melnick, q I wish to discuss the disposition of my collection. q Please call me at ( q Please write me Name Address City State Zip Code Page 214 Paper Money TRAGEDY ON TM ER by Ronald Horstman The tragic story of the short life of the Steamer Ruth is one of many of such casualties which occurred during the War between the States. A steamboat less than a year old and almost as large as a modern football field was totally destroyed by fire on the Mississippi River on August 4, 1863. Along with the loss of the ship were 26 Union men and $2,600,000 in new United States currency. The ship was the victim of one of the many successful acts of Confederate sabotage. The original Steamer Ruth, the first of six steamboats to bear that name, was built in 1862 at Jeffersonville, Indiana at a cost of $90,000 for Mrs. Caroline Pegram whose son, Ben R. Pegram, became the captain. The ship was 275 feet long and 80 feet wide and was powered by two steam engines with a nine-foot stroke, each driving one of the 27 1/2-foot paddle wheels. The engines were built by Peter Tellon. On each wheelhouse was a large painting of the Biblical Ruth, the daughter-in-law of Naomi, gleaning in the harvest field following the reapers of Boaz. The Ruth went into service on January 1, 1863, and spent almost all of her short operating period as a transport carrier for the Union forces. On June 19, 1863, when the Ruth was accompanying a small Union ship above Memphis, a Confederate land battery shelled the small Union ship inflicting heavy damage on it and then began firing at the Ruth. The Ruth was armed with 12 pound rifled artillery pieces and returned the fire. The Confederate 4404 - d'24'444e.,/44444'74:14/ a a A 12, , .e y ,40, 41;eZez,e4;\ 4 , M . ,- /4, d'ev, ler2444/ C(:7 . (Ad 4/4,444 . rier.4 3:, 7244 ,,r;; '„ • ;44 Whole No. 70 Page 215 guns were too light to inflict serious damage on the Ruth and action broke off. About six weeks later the Ruth left St. Louis bound for Helena, Arkansas, with $2,600,000 in new government greenbacks intended to be used as payroll for the army of General Grant. Accompanying the money were eight paymasters and their clerks under the command of Major Nathan S. Brinton. Also aboard were 150 military and civilian passengers, 400 tons of commissary goods including coal, gin, and pork, 150 head of cattle and 130 mules. At 11:20 p.m. on August 4, 1863, the Ruth left Cairo, Illinois after stopping there to refuel. About six miles downstream, almost at midnight, fire was discovered between the cabin decks. Within minutes the fire was out of control and Captain Pegram headed the ship at full speed towards the Missouri shore. As the ship struck the bank most of the passengers and crew escaped but 26 persons including the paymaster and two clerks assigned to guard the currency shipment lost their lives. Five soldiers who had planned to escape at the last moment by diving into the water were killed when they were struck by a falling plank. The inferno lasted six hours before destroying the Ruth. After the wreckage had cooled, a deliberate search was made for money and for Major Brinton's private safe containing invoices for the shipment. The safe was found, but the only money which was located was two fragments of currency. One fragment is of a $2 U.S. Legal Tender note dated August 1, 1862, and the other is a $5 U.S. Legal Tender note of the series of March 10, 1863. After the war, Absolom Grimes, who was a mail carrier for the Confederacy, named in his writings Robert Louden as the person who set fire to the Ruth. Major Brinton, who rose to the rank of Lt. Colonel after being completely cleared of any charges in connection with the fire, was honorably discharged in October of 1865. No photograph of the Ruth is known by a bill of lading dated January 24, 1863, shows a lithograph of the steamboat. Both the note fragments and the bill of lading are in the archives of the Missouri Historical Society. A sketch by special artist F.B. Schell appeared in the September 5, 1863, issue of the Leslies Weekly Newspaper showing the Ruth in flames against the Missouri shore. Footnotes: (1) Frederick Way, Jr. Way's Directory (Sewickley, Pa. 1950) Page 263. (2)Missouri Republican, August 6, 1863, Page 2, Column 2. (3) Absolom Grimes, Confederate Mail Runner. . .Edited by M.M. Quaife (New Haven, Conn. 1926) Page 147. Acknowledgements: Mrs. Frances Stadler Mrs. Fred Harrington Miss Nancy Smith of the Missouri Historical Society Mr. Eric P. Newman RARITY INDEX (RI) $1 Silver Certificates 1928C, 1928D, and 1928E By Series and Block Series Block Low Grade Medium Grade 1928C BB --- CB --- R4 DB R4 R4 EB R4 R4 FB R4 R5 GB R4 R4 HB R4 R4 IB R4 R4 JB R5 R6 *A R4 R4 1928D DB R5 R5 EB --- --- FB --- R5 GB R3 R4 HB R4 R3 IB R3 R1 JB R5 R4 *A R4 R4 1928E FB --- --- GB R5 R6 HB R3 R4 IB R3 R3 JB R4 *A R5 AU to CU R1 R6 --- R4 R6 R2 R2 R3 --- R4 R1 R6 R4 R4 R2 R1 R4 R4 R1 --- R4 R1 R6 Page 216 It was for only 792 days that the issuance of $1 Silver Certificates of 1928C, 1928D, and 1928E spanned our Paper Currency history. A total of 23,335,055 notes were issued and these in 24 series/blocks. In total, the three series and 24 blocks represent only 23.4% of one normal run block. That's a very slim number of notes to start with! Their issuance covered a chaotic period in our history. A desperate President was trying to stimulate a zero-minus economy; two Treasurers and two Secretaries of the Treasury were involved. One set of signatures, the 1928C (Woods-Woodin) covered only 2 months and 27 days. Yet, 10 blocks were issued. First issued on March 28, 1933, and last issued on May 31, 1935, these three series were truly Depression notes. That's one reason why so few survive today, in any grade. A person with $1 in his pocket had to spend it for essentials rather than hold it for future appreciation. There were very A RARITY INDEX Paper Money count, it should not affect the overall pattern, nor the rarity index. In the rarity index ranking, R-1 is for the greatest number of observations in that grade. R-6 is for the fewest number of observations in that grade. The blank spaces indicate no observations of that series/block in the grade indicated. The above is an analysis derived from 221 observations—a very slim sampling of the over 23 million notes issued. It is believed that these observations represent about 8% of what still exists today. (The 8% is a conservative estimate. It might be 2 to 3 times that percentage, especially in the AU to CU classification.) The 8% factor allows for known uncut sheets, as well, although they are not included in the observed count. The notes in changeovers are also not included in the count. They were used as a control to check the RI and proved quite accurate. Now, the astute collector can apply the 8% factor to the total issued for each series/block and arrive at an estimate of existing availability for that series. His judgment will not I EPRFSSION NOTES 10211C. I by Graeme M.4ron,Jr. few paper currency collectors in those days. Very, very few. Of those few 1928C, D, and E notes that survive, it has always been a puzzlement as to how many, which blocks, and what grade. "What are the truly scarce and rare ones?" is a question frequently asked. Those who work daily with paper currency have the advantage of many observations of key notes. When the data accumulated . appears to be substantive, it becomes a responsibility to share this knowledge, no matter how privy, with collectors. These thoughts prompted a study of several years of these valuable notes. It is now believed conclusive enough to warrant publication. Any initial attempt at a rarity index for key notes is always likely to be subject to revision. Some eyebrows might be raised. Some skepticism will be drawn from peers and collectors. It is believed that the number of observations is now significant enough for the rarity index to be released at this time. Otherwise, it would not have been submitted for publication. Only the rarity index is set forth, not the actual count. While new observations will be made that will increase the $1 Silver Certificate 1928C STAR $1 Silver Certificate 1928D STAR $1 Silver Certificate 1928E STAR Whole No. 70 be far off. The very astute can then apply the RI to this factored availability and have something quite interesting. Again, his computation will not be far amiss. That's the scorecard! There are many things to consider when evaluating the 1928C, D, and Es. The following might be helpful. Production of the 1928C, D, and Es was more often than not intermingled with the 1928A and 1928B series in blocks DB through JB, and the *A. The production runs were intermittent as the BEP conserved old plates. The plates were used, as needed, to assemble the necessary requirements for a printed production run of notes. This is why we have the changeover occurrences. It should be noted that the blocks decrease in number as the series advance. There are ten 1928C blocks, then eight 1928D blocks, and finally six blocks in the 1928E series. As the plates were used up, the BB and CB blocks disappear in the 1928D series and the DB and EB blocks fade by time of introduction of the 1928E series. We have no way of accurately knowing today how many 1928C, D, and E notes were actually produced in each block. A few facts are known and a few things can be surmised in helping determine the incidence of blocks per series. 1) The *A block spanned the series 1928 to 1928E. Its official high serial number is *37 560 000A. Accordingly, Page 217 we know it was a short-run block. The *A is found primarily in the 1928A series. As a judgment factor, about 60 to 70% of *As produced would be in the 1928A series. 2) The JB block spans the series 1928A to 1928E. Its official high serial number is J55 796 000B. Again, we know it was another short-run block. The JBs are dominant in the 1928B series. 3) The IB and HB blocks are fairly evenly scattered throughout the 1928C, D, and Es. Both blocks are dominant in the 1928B series. It can be surmised that the major portion of production went into the 1928B, with the residual evenly distributed over the 1928A, 1928C, 1928D, and 1928E issues. 4) The GB block is something quite interesting. It was heavily used in the 1928Bs. Chances are that if you order a 1928B Type note, it will be a GB. Production of the GBs in the 1928C and 1928D series was minor, and tapers off to where only two 1928E GBs are known. Significantly, there are no known GBs among the changeovers. 5) We find this tapering off of availability as we work up the ladder to the FB, EB, DB, and CB blocks within a series. Most of that production is in the 1928B series, with a sizeable residual in the 1928A series. 6) This brings us to some pure speculation on the three beginning blocks in each series; 1928C BB, 1928D DB, and 1928E FB. Almost all observed are cut from the original Page 218 Paper Money sheets. (That's why they are so available in CU.) All observed were in the Face Check range 1 through 4, with Face Check very heavily dominant. This indicates that after the initial run of sheets, a very short group was produced for circulation in each series/block. More could be added to this speculative guess, but it would only be of interest to the purest of technicians. It's confusing enough, as is. It is sufficient to say that the only circulated notes of the 1928C, D, and E beginning blocks observed were in the 1928D, DB, and those very, very few. This might be the proper place to point out the inscription change that occurred between the 1928D and 1928E series. Many view this inscription change on the 1928E as identifying it as the actual "Transitional" note. The transition really took three series to accomplish-1928E, 1934, and finally the 1935. One might include the 1935A series, due to the shift in location of the series date. In any respect, the 1928E is the first Transitional series. It is surely a unique note. Some will view these treasures with the scrutiny of a meticulous diamond cutter. It might be appropriate to examine those notes observed as a measure of what is possible. Only three observed came close to "perfect" centering—and each was off a couple of mills on one or more of the eight margins. They each brought a premium. There are several reasons for this, but essentially it is next to impossible to get "perfect" centering on any note when you look at all eight margins. Another reason for this seems to be that as the production of notes progressed from series to series, less and less attention was given to the alignment of notes for cutting. Maybe the inspection relaxed also. Most 1928 series are well cut. Seldom is a miscut found in the 1928A and 1928B series. Seldom do you find a real miscut in the 1928C, 1928D, and 1928E—but close margins are the general rule. Well-cut is the exception as the series progress. We find this same degeneration in other issues and denominations—notable, the $2 and $5 USN's as the series were added. The next c entering criteria most offered is "well-centered". Well-centered, however, is in the eye of the beholder! A note might have fairly even margins on the face and be unevenly centered on the back. But, viewed by many, this would be a well-centered specimen. It might also have been trimmed by someone outside of the BEP in an attempt to impart even margins. Yes, the practice does occur with the 1928C, D, and Es—as well, on the R & S pairs. Be alert for notes obviously undersized. There is always some variance in size of notes dried by the "wet" process, but excessively undersize is something else. A person would think that notes cut from the original sheets would be accurately centered. Not so! In fact, many of those cut from the original sheets appear to have been done with a dull hacksaw! It is an exception to find one reasonably well-centered. You will find them undersize, oversize, skewed, or chipped. It takes a person with a practiced eye and excellent equipment to cut a sheet properly. Few have taken the time and patience required (or have that many uncut sheets they wish to split). These defects should not in the least affect the desirability of acquisition—only the price. Any note from the original sheets with early Face Check numbers is very desirable—regardless of the cutting. What would be the best to expect is a note with "reasonably even" margins. Just to digress a bit, the search for perfect centering on early notes is akin to trying to find a full-step, full-face strike, BU nickel in the 1963 to 1967 years of issue. You will search 10,000 BU's and might find one. We don't have that many 1928C, D, and Es to select from .. What is more important is the quality of the note. If you're acquiring a true CU, it should be a fresh, flawless specimen. Square corners, no creases, folds, "teller or cashier handling", or other signs of circulation. It might be a bit wavy since they were dried by the "wet" process. It might have one corner a bit rounded, but this is usually from being put in and taken out of holders. It might show some offset ink residue from printing, and if so, this may be taken as a sign that it hasn't been cleaned There were many nice CU notes observed consistent with the above considerations. A few, that would be really true CU. Some were observed where an attempt had been made to correct a minor flaw. The collector is the best judge as to whether this detracts from the note. Those cut from the original sheets invariably have a rounded corner, particularly Position Code A, F, G, and L, and show some signs of handling. Yet, we know they were never in circulation. This is not meant to be a dissertation on the centering and grading of our early notes, but rather the experience of those notes observed in the 1928C, D, and E series. What can collectors expect who wish a choice, well-centered, CU in the 1928C, D, and E series? The very best to expect is a quality note: one that is fresh, flawless, and with reasonably even margins. There are very few, and they would be worth a premium ... What to really look for is the series/block in the best condition affordable or obtainable. Having the note is essential, regardless of the grade. As you can tell by the RI, very few exist in AU or CU, with the exception of the five to eight common series/blocks. Rarely has it been observed, but, again, it might be appropriate to mention another pitfall. There are some altered 1928C, D, and Es being sold. Since the blocks overlap those used in the 1928A and 1928B series, a slight change on the series suffix letter could produce a 1928C, D, or E. This is readily detected by checking the signature. On the 1928Es, an additional check is the inscription. If the signature has also been pieced over, it should be readily detected with any decent magnifying glass. A more serious alteration is a change of block within a series. The FB makes an easy EB. The fairly common IB can make a rare EB, FB, or JB. A good scope is necessary to detect residual traces. A comparison of the altered letter with the normal letter is also a good clue. The altered letter is normally heavier. The reverse impression on the paper is another clue. TPH 1.)P1'15P $1 Silver Certificate 1928C, JB Blockma 0 C1ERTI1It(4 $1 Silver Certificate 1928D, EB Block'rpmsoft xi. so PHL J4331 3 6 ONE SI r ,e.1.14An11.8 UP'. . $1 Silver Certificate 1928E, GB Block J433153 Whole No. 70 Page 219 This is much to say about an occurrence seldom observed and is included only to alert the collector should he be offered a R6 or new discovery. There was one instance of a 1928E *B reported. Now, that would really be something as the *B did not appear until late in the 1935A series—some 11 years later. The 1928E was an altered FB. The development of this rarity index could not have been possible without the co-operation of many a collector/friend. To them is owed a special thanks, especially those who contributed from their advanced collections. The general statistics used in the article are those to be found in Chuck O'Donnell's Handbooks. While it is a personal opinion that the truly rare notes will become available only if one of the well-established, advanced collections is offered, it is also a truism that "we never know for sure what will turn up". Some very interesting stories could be told of rare treasures found in the most unlikely of happenstances! Any new reportings of the R5 and R6 or blanks in the RI would be appreciated. Please send identifying data; series, serial number, check numbers, position code, and condition. All Notes Illustrated are from the James W. Thompson collection. I wish to thank Mr. Thompson for their use and his assistance in preparing this article. Is tvan Szechenyi, The Greatest Hungarian Reformer This highly educated and widely travelled Hungarian landowner fought against feudalism and for the introduction of the free circulation of estates, credit and modern techniques of production. His first public act, in 1825, was to present his total income for a year for the foundation of the Hungarian Academy of Sciences. The first permanent bridge spanning the Danube River—the Chain Bridge— was built at his initiative, as well as the tunnel, etc. He was the first man to use the name Budapest for the capital of Hungary, merging the two cities of Pest and Buda into one on both banks of the Danube. Also, a much-decorated military officer, veteran of the Napoleonic Wars, he served as a minister of the first responsible government of Hungary during the 1848 Independence War. In 1860, after a decade of the debacle of the Hungarian Freedom War, he died by his own hand. The bust of Szechenyi appeared on the 5 Pengo notes of the Hungarian National Bank dated 1st March 1926 as well as 1st August 1928. The former was done by the Hungarian graphist Ferenc Helbing, and the latter by Almos Jaschik and Kalman Mosko. Both notes were printed by the Hungarian Note Printing Office in Budapest. lirSYNGRAPHICCHATREADER'S PARTICIPATION COLUMN Page 220 Interest Bearing Notes MEDLAR This will be the last issue before our annual meeting and we look forward to seeing many of our Society Members again. The ANA Convention is the "Big Daddy", a full week of numismatics. All our society functions have been scheduled for Thursday, August 25th. The Board of Governors will meet in the morning, the general membership meets in the afternoon and the reception and banquet at 6:00 that evening. If our last get-together at the Paper Money Show in Memphis is any indication, we should have a great time. A word to the wise: get your banquet tickets early. There are only so many seats and if you delay you may be disappointed. The 1977 convention will inaugurate a new program for Paper Money your Society. We will have a table or booth in the new Speciality Mall, wherein we can present our programs, solicit new members and have a place to meet friends, and to obtain banquet tickets in advance. Our banquet program will be a continuation of past efforts to present all facets of paper money collecting. In past years we have had such notables as BEP, Bob Charles of ABNCo, and Eric Newman on Colonial Notes. This is the year for the Nationals. Those of you who have not yet heard John Hickman preach his gospel are in for a rare treat and an interesting evening. If you have an item you wish the Board of Governors to consider you can still send them to me. Let me know, pronto. Remember, we cannot take up your ideas or suggestions unless we hear them. I will not promise action but I will promise we will consider your ideas. Each year at our banquet, we hold what we affectionately call The Tom Bain Raffle. It is one of the most popular events on our program and nets our society a nice little, sum, which helps defray our expenses. All the items donated by our members are Tax Deductible. Any currency related item will be appreciated, please send them to Tom, or to me, and I'll be sure he gets them in time. The more, and the better the items you donate the greater the fun for all. I hope to see you all at the Big Bash. Bob. Dear Editor, I would like to comment on the open letter by Dr. Aspen which was published in the May/June issue of Paper Money. I do agree with the general content of the letter, but I strongly disagree with the Doctor's thoughts concerning the lack of emphasis which should be placed on the condition of the reverse side of a note. Dr. Aspen has stated: ... that the back has little to add to grading so "the face is the thing." I, for one, find this to be a foolhardy assertion. A note, whether it be a modern small size FRN with a printed back or a nineteenth century plain back Obsolete, has two faces and each one equally contributes to its overall average condition as measured by its degree of preservation. A good parallel would be to try and convince a coin collector or dealer that only the obverse of a coin should determine its cash value since the reverse side is unimportant. I have handled many notes which at first glance appeared to be in EF or UNC condition until the back side was examined. The reverse of these notes often displayed numerous signs of previous folds, faint water stains and mild paper discolorations or traces of glue stains from old mounting hinges. This happens quite often as for example in the case of those issues of Confederate notes which were printed with plain backs. A note which appears to be crisp and new from the front side does not necessarily mean that it actually is. Many faces of notes effectively hide defects in the paper, especially in regard to early folds which have long since been smoothed over with the passing of time. In fact, sometimes the only way to be absolutely sure of the true condition of a plain back note is to turn it over and examine the blank side. A second comment will be directed at the idea of being able to designate two different grade categories with the same numerical code. If 80 represents the lowest allowable degree of condition in the CU grade then it should not be allowed to also describe the highest possible degree of condition in the AU category, even if the reasons for such a designation are completely different. The number 80 must either be assigned to the CU or AU class, but not to both. There are a sufficient number of disagreements already existing in the area of personal opinions when any two individuals grade material without adding more fuel to the fire by having overlapping numbers. I suggest that the AU category numbers be dropped down one decimal to 79 or the bottom of the CU category should be raised to 81. It is true that it is very important to establish a new universally accepted grading system which can easily be adopted by the paper money collecting fraternity, but it is also very important and may even prove to be much more so that once a new system is established everyone will be educated in the proper use of its guidelines. Our greatest problem with the present system of word grading is the fact that everyone interprets the descriptives terms according to his or her own personal standards without regard to the interpretations of anyone else. In short, any system—like any tool—is only as good as its user. In conclusion, I will end by saying thanks to Dr. Aspen and all the other fine individuals who are working hard to improve the field of paper money collecting. I am sure that he will receive my comments in the spirit of constructive criticism in which they were intended. Thank you Dr. Aspen and keep up the good work. Yours truly, Wayne T. Hahn SPMC 4289 Whole No. 70 NEW YORK STATE CURRENCY WANTED Page 221 • ; NATIONALS ALL SIZES AND TYPES Alexandria Bay 5284 Amityville 8873 Babylon 4906 Babylon 10358 Baldwin 11474 Bay Shore 10029 Bellerose 13234 Bellmore 11072 Bellport 12473 Bridgehampton 9669 Brooklyn (Long Island N.B.) 12885 Brooklyn (Nassau N.B.) 658 Cedarhurst 11854 Central Islip 9322 Cutchogue 12551 East Hampton 7763 East Islip 9322 East Northport 12593 East Rockaway 12818 East Setauket 11511 East Williston 13124 Farmingdale 8882 Floral Park 12499 Franklin Square 12997 Mineola 9187 Mineola 13404 New York City (Dunbar N.B.) 13237 New York City (Long Island, N.B.) 12885 New York City (Nassau N.B. 658) Northport 5936 Oceanside 12458 Patchogue 6785 Patchogue 12788 Port Jefferson 5068 Riverhead 4230 Rockville Center 8872 Rockville Center 11033 Roosevelt 11953 Roslyn 13326 Sayville 5186 Smithtown Branch 9820 Southampton 10185 Valley Stream 11881 West Hempstead 13104 Westbury 11730 Woodmere 12294 Freeport 7703 Freeport 11518 Glen Head 13126 Great Neck 12659 Greenport 334 Greenport 3232 Hampton Bays 12987 Hempstead 4880 Hempstead 11375 Hicksville 11087 Huntington 6587 Inwood 12460 Islip 8794 Kings Park 12489 Kings Park 14019 Lake Ronkonkoma 13130 Lindenhurst 8833 Long Beach 11755 Long Beach 13074 Lynbrook 8923 Lynbrook 11603 Manhasset 11924 Mattituck 13445 Merrick 12503 I also need Obsolete Currency and Scrip from any of these above towns as well from: BROOKLYN ORIENT POINT GLEN COVE PORT JEFFERSON FREEPORT JAMAICA GREENPORT WILLIAMSBURGH SOUTH HUNTINGDON LONG ISLAND SOUTHOLD SETAUKET Suffolk County Bank of Sag Harbor Interested also in Chicago, Illinois #12227—Douglass National Bank. I will also buy old "Satirical" cartoon currency poking fun at political candidates. Also needed are any bills of any country, any series with repeater numbers similar to 20202020, 00002020, 2020 DR. ALAN YORK NUMBER ONE MAIN STREET, EAST HAMPTON, NEW YORK 11937 516-324-1024 Page 222 Paper Money INDIAN1S by Louis H. Haynes RAILROAD MONEY On Feb. 2, 1832, the Indiana General Assembly approved a charter incorporating the Madison, Indianapolis and Lafayette Rail Road Company. The capital stock was one million dollars, divided into 20,000 shares of $50 each. The route was to be a single or double track from Madison, Ind. to Indianapolis and on to Lafayette, Ind. The charter stated that construction was to start at Madison within three years, be completed to Indianapolis by 10 years, then to Lafayette in another five years. These provisions were never met, as construction was not started for four years—until 1836. The road was not finished to Indianapolis until 1847, over 15 years after the charter, and they never did make it to Lafayette. In fact, that city was dropped from the corporate name before 1842, as they issued paper money that year and the notes read, "The Madison & Indianapolis Rail Road Company." From almost the beginning, this has been the official name of Indiana's first railroad even though chartered differently. The Madison & Indianapolis Rail Road was one of the works approved in a general system of internal improvements adopted by the State of Indiana. The act named, The Mammoth Internal Improvement Bill, was signed by Gov. Noble, on January 27, 1836. This bill approved $10 million in expenditures for canals, railroads and turnpikes. The State had a population of less than half a million people, with below $75,000 in annual revenue. Thus by 1839, Indiana was bankrupt, and her bonds were selling for 17 cents on the dollar in New York City. Under the improvement bill the M & I R R was allotted by the State an expenditure of $1,300,000. During the period from 1836 to 1842, they actually received $1,624,291.93, of which $62,493.21 was received from tolls. This made a net amount of $1,561,798.71 or over a quarter of a million dollars above the original appropriation. The bankrupt Indiana General Assembly of 1842, finding public works unprofitable and expensive with no funds to complete them, passed an act providing for their extension by private companies. The state was abandoning all projects which it had started in 1836, along with its $10 million. 90#NEtko; • tittatglatiK 9 t90 OA Whole No. 70 The $1.5 million which Indiana spent on M & I R R completed the road bed and rails to Griffiths which was about 28 miles north of Madison. The greatest difficulty was getting the road out of Madison as there was an incline which impeded progress until 1841, when the famous cut was completed. This cut was 7,000 feet long and had a 5.9 percent grade. Horses were used to pull the cars up the incline until Cathcart's cog track was put in service on November 11, 1848. The state subsidy had also purchased the ground for the depot in Madison, workshops on the hill, two locomotives, and the cars necessary for the operation of the road then finished. The M & I was now back to private capital and management. In June of 1842, new directors were chosen and the board was reorganized. At once they contracted for the next 13 miles north of Griffith to be constructed, and soon after the next four miles to Columbus. Stock subscriptions and taxes failed to bring in the necessary capital to complete the road so the directors asked the legislature to amend the charter of the company. In section 36, it reads, "nor shall said corporation, under any pretence whatever, enter into banking business, for the purpose of issuing bills of credit or bills of any description, to pass as a circulating medium." This meant to paper money for the M & I. They needed that money to pay for construction, etc., so the general assembly gave them the right to use notes secured by real estate of the RR. This paper money was issued in 1843 and 1844. There is only one denomination known—the $5. The center vignette is an early locomotive with wood car and passenger car. George Washington is to the left and John Marshall to the right. A maiden with a rake is to the far left while a man husking corn is to the far right. In the center at bottom is a man with a plow. There are• handwritten signatures and thedate May 2, 1843. The signatures are N.B. Palmer, President, Geo. E. Tingle, Secretary, and at the left top, S.H. Shinn, Treasurer of the State. Rawdon, Wright & Hatch, through their western office at Cincinnati did the printing of these notes. There is no question that the issue of this paper money by the railroad helped tremendously in the completion of the road; in fact it may never have been completed without it. This issue provided the road with capital when no other was available. Later the directors secured $25,000 in Philadelphia, and $25,000 in New York City, but the ultimate in capitalization was reached when they sold a $100,000 railroad bond in New York City, in 1846. Construction of the railroad was in slow process north of Columbus and it was the summer of 1847 before the railroad reached Franklin. North of there progress was almost at a standstill, but somehow that year they did manage to get to Indianapolis and the last rail was laid on the morning of October 1, 1847. This was a great day of celebration for the capital city, as in the afternoon an excursion train arrived from Columbus. Then Gov. Whitcomb gave an address from the top of one of the railroad cars, and at night fireworks completed the historic day's events. The completion of Indiana's first railroad was perhaps the most significant happening in the early history of the state and especially the capitol city. Page 223 Due to competition, failure to connect to profitable feeder lines, loss of investments in other lines and the loss of $400,000 attempting to build around the Madison Plane; the M & I property was sold in a foreclosure on March 27, 1862. It was reorganized as the Indianapolis & Madison R.R. Two years later the Jeffersonville Road acquired control making it the Jeffersonville, Madison & Indianapolis RR. On August 1, 1871, the J M & I RR was leased to a proprietary company of the Pennsylvania Railroad. Since this time the former M & I has been part of the Pennsylvania Railroad corporate structure, although under a variety of corporate names, recently Penn Central and in 1976, Conrail. With the coming of Conrail, the road went out of operation. It has not been abandoned, merely put out of service, which could be permanent. The M & I RR did leave one legacy which will remain as long as paper money collectors exist. This is the $5 bill of 1843-1844. It is certainly an artistic, historical, artifact of a bygone era, giving us some enlightenment as to how our great transportation system was partly financed. References: Laws of State of Indiana, 16th Session of General Assembly, Dec. 1831. Ghost RR of Indiana by Sulzer. The Village at the End of the Road by W.J. Daniels, IHS 1938. Special acknowledgements to Howard B. Morris and Wendall Wolka. ALL IS VANITY When a National Bank Note is described as having "vanity signatures" it means that the president and cashier of the issuing bank—perhaps heady with the responsibility of signing the notes—took great care to form their autographs on each note with some fancy penmanship, replete with large, often undecipherable letter, ostentatious curlicues, etc. A National note in the recent Hickman & Oakes mail sale went a step farther, however. It was a $20 Date Back on The National Bank of John A. Black of Barbourville (Ky.), and it sold for $625. A FIRST FIVE The popularity of National Bank Notes with bank serial number 1 was confirmed in the Hickman & Oakes mail sale when a 1905 $5 on The Grays Harbor N.B. of Aberdeen, Wash., sold for $725 in XF condition. Nice penned signatures also helped. The American Indian was commemorated on the Series 1899 $5 Silver Certificate. The note was produced by the Bureau of Engraving and Printing from Fiscal year 1900 to fiscal year 1926 (except for the fiscal years 1919 and 1920 when no impressions of the note were made) in which time 566,054,000 of them were delivered to the U.S. Treasury vaults. The 1899 $5 Silver Certificate is one of the most popular designs collected by syngraphists. During its quarter-century of production, 11 signature combinations of the Register of the Treasury and the Treasurer of the United States appeared on the note. The two rarest signature combinations with regard to production are those of William S. Elliott-John Burke; and James C. Napier-Carmi A. Thompson. Elliott and Burke were in office together from November 21, 1919 to January 5, 1921. The note was not produced for the fiscal year 1920, which left approximately eight months of production for their signature combination. The entire production for the fiscal year 1921 was 7,100,000 notes, thus leaving a figure less than this with their signature combination. Napier and Thompson were in office together from November 22, 1912 to March 31, 1913. They account for about four months of the production of the fiscal year 1913. Production that year was 24,312,000, with only a fraction of that amount coming off the presses with their signature combination. Throughout America's frontier history the "Native-American" was popularly described on the one hand as heathen and savage, and on the other as proud and noble. Actually such sensationalistic terminology does not give us an accurate picture of the American Indian. Dedicated archeologists, anthropologists, and historians, however, have endeavored to portray the Indian in a more humanistic and scholarly light. Although the religions of various Native-American peoples attribute the creation of their people from the soil of North America, geology and archeology tells us a different story. Estimates vary as to the exact date, but around 40,000 B.C. people began migrating across the Bering Straight and onto the Alaskan land mass. The peopling of the Americas took hundreds of years: Successive waves of people flowed southward following their food source, or were driven by catastrophe or curiosity. The migrating societies brought with them a rich variety of cultures which adapted to the environments of North America. The extent of the knowledge that they brought with them compared to that gained by the impact of the North American environments is food for thought; nevertheless, archeologists have documented civilizations that once flourished within what is now the Southeastern United States whose accomplishments were indeed impressive. The first white colonial settlers to cross the Appalachians and move into the Ohio River Valley discovered the remnants of an ancient Indian civilization. To their astonishment they found huge earthworks, sometimes rising 70 feet, constructed in the shapes of birds, humans, serpents, and other intricate designs. These architechtural achievements were so astonishing that American settlers refused to believe that Indians had built them. Instead, the earthworks were attributed to survivors of Atlantis, or the descendants of Phoenicians or Egyptians. Actually these monuments had been built by the ancestors of the Creeks, Choctaws, and Natchez. By the dawn of Christianity their culture was flourishing and had reached a high level of cultural development. Southern Ohio, for example, contains some ten thousand mounds used as burial sites and approximately one thousand earth-walled enclosures. One enclosure had a circumference of nearly four miles, enclosing an area of about one hundred acres. Found within the burial mounds were an assortment of exotic items: Finely crafted ornaments, weapons, and breastplates made from copper nuggets from the Great Lakes region; ceremonial blades cut from obsidian from rock formations in Yellowstone National Park; decorative objects cut from sheets of mica from the southern Appalachians; and personal ornaments made from shark and alligator teeth American Historical Vignettes By John R. Isted Page 224 Paper Money Whole No. 70 Page 225 and shells from the Gulf of Mexico. Known to archeologists and anthropologists as the Hopewell people, they were the finest metalworkers of all prehistoric Indians. They fashioned intricate ornaments from copper and meteoric iron with precision tools that they invented. Silver and gold was sometimes used as a decorative metal, but it still has not been determined from where they obtained these precious metals. The Hopewell people decorated and dressed themselves second to none by European standards. They wore fine furs, robes, skins that had been expertly tanned, and finely woven cloth. Men and women wore copper and silver earspools, and around their necks were draped necklaces of pearls, animal teeth or bone beads. And all of this was topped off with ornaments made from copper, mica, shell, bone, or wood. The Hopewell workers who fashioned the metal, carved the wood and bone, worked the precious stone, and crossed the continent to obtain these treasured items were members of their respective guilds. These guilds were the first craft unions in America! For unknown reasons this culture began to decline circa 500 A.D. To the west, however, another culture was developing. It appears that some of their knowledge was borrowed from their declining neighbors to the east— they based their culture on intensive agriculture, employed the vast trade network, and excelled in largescale architecture. The center of the civilization, known as Cahokia, was located on the Illinois side of the Mississippi River, six miles east of St. Louis, and its power spread from Wisconsin to Louisiana and from Oklahoma to Tennessee. Over an area of six states they left the remains of myriad pyramids with flat tops. The largest pyramid was one hundred feet in height at the time of construction, and had a base of approximately sixteen acres—the base of the Great Pyarmid of Egypt is smaller. In fact the Cahokia construction is the largest prehistoric earthwork in the world. Cahokia was America's first metropolis. This urban center supported a population of 30,000 people and traded with a large portion of the continent. Built between 900 and 1000 A.D., Cahokia had "clustered housing, markets, specialists in toolmaking, hide dressing, potting, jewelry-making, weaving and salt-making." The importance of Hopewell and Cahokia in Indian history is analogous to the roles played by Egypt, Greece and Rome in influencing European history. Cahokian culture, and their Hopewell neighbors to the east, influenced Indian societies from Nova Scotia to Florida by passing on arts and crafts techniques and the science of agriculture, and influenced the economies of societies throughout the continent via the support of a massive trade network. Of course Hopewell and Cahokia were not responsible for all trade networks in North America, but their large, concentrated populations, and high consumption rate lent it great support. Other societies, such as the Anasazi of the southwest, and the Chinook of the northwest, were also responsible for discovering and maintaining trading networks. Regardless of who used the trade route, one thing remained a constant: All routes followed water. The greatest trade route was the Mississippi River and its many navigable tributaries. In the Great Lakes region the Indians used birth bark canoes, which were light enough to be carried by one man between rivers, and large enough to Page 226 Paper Money carry a substantial load. The Indians of so did the Indians. Commodities and right hand order was reversed, with the the Pacific northwest used large craft items used as standards of value and thumb signifying six. The traders that could carry a number of persons mediums of exchange varied from rarely kept records, but occasionally a and a sizable cargo, and employed the culture to culture. Certain California mark was made on a skin to indicate Columbia River as their highway. In cultures used bird scalps as a standard the number and value of items in the California small canoes and rafts were of value and medium of exchange, transaction. utlized. Even trade routes across the while other areas of the continent a Thus, when Europeans arrived to huge prairies and deserts, although basket filled with a staple, or strings explore North America they traversed on foot, and sometimes with of shells of certain lengths and quality encountered Indian cultures which dogs carrying the cargo, followed served as standards. were not "primitive" when compared streams or waterholes. A constant to their own. Anthropologist Nancy 0. supply of water for the trader was The quantity and exchange value of Laurie has pointed out that at the time essential for survival. the item to be traded was shown on of European contact there were more There were literally thousands of the hands. Usually the left hand was similarities between Indian and "consumer items" traded from coast- used—the little finger signifying the European cultures than differences. to-coast between hundreds of number one, and the thumb five: the Although the American Indians were societies, which scientists now causes of European immigration to the not in the iron age as were the estimate totaled population of ten "new world". Europeans, they had discovered by the million at the time of European The Indians may have sown the 15th Century the reciprocating two- contact. A few of the traded items seeds of their own demise by hand drill, the bow and strap drill, and were: Eating utensils, purses, face introducting to the European such the continuous-motion spindle. They paint, cotton garments, awls, drills, staples as potatoes, corn, sweet were at the dawn of the machine age. flutes, and—sounding like items from potatoes, various squashes, and many When European colonization of the Neiman-Marcus department store— varieties of beans. The eminent America began, the myriad Indian were dice made from bone and beaver anthropologist Harold E. Driver stated societies quickly incorporated teeth, snake oil, dolls, exotic laxatives, that "It took centuries to domesticate European products, such as the and for the discriminating consumer, a plant to the point of high yield of fishhook, kettle, iron trap, needles and skunk perfume! nourishing food, and if the Indians had guns, into their cultures. Likewise, the With such an array of trade items, not achieved...it is doubtful if Europeans elevated their knowledge and the many peoples involved in Europeans would ever have of agriculture by learning to grow commerce, it would appear that accomplished it. They would almost what the Indians farmed. The foods of communication would have been a certainly have devoted their attention American Indian origin, brought back problem. This was not the case, ti improving rice, wheat, and other and raised in Europe, were a crucial however. Intertribal trade languages plants familiar to them and would not factor in aiding Europe's population were used with great efficiency: On have recognized the nutritional explosion, which is one of the direct the northern Great Plains sign language potential of the scrubby wild relatives was used, it was so comprehensive that of the American domesticates." The man in the vignette is Running people could discuss any subject of Of course not all Indian societies Antelope of the Hunkpapa, a division interest; in the southwestern Great relied on agriculture for subsistance. A of the Teton Dakota. The vignette was Plains the spoken language was prime example of this is the Dakota engraved at the Bureau of Engraving Comanche; the peoples of the (meaning "allies" in their language) of and Printing during November of 1899 southeast used the so-called Mobilian the norther Great Plains, who relied on by George F.C. Smillie. trade language which was a form of the buffalo for their staple. Known Because of the romance attached to Choctaw; and in the Pacific northwest popularly by the misnomer "Sioux", the Dakota, and the fact that the Chinook was spoken. they called themselves Ocheti Hunkpapa and Miniconjou Dakota One obvious thing missing from Shakwin, which means "the seven were the last Indians to fall under the intertribal commerce was a standard council fires", and accounts for the bullets of the U.S. Army, it is little unit of exchange, or currency. But just seven main divisions of their people: wonder, and more than fitting that as modern nations overcome this Teton; Mdewkanton; Wahpeton; Running Antelope was chosen to problem by figuring out what the Wahpekute; Sisseton; Yankton; and represent the American Indian on our exchange ratio is between currencies, Yanktonai. paper currency. Whole No. 70 Page 227 WANTED OKLAHOMA OKLAHOMA NATIONAL BANK NOTES SMALL SIZE 1929 5126 WYNNEWOOD 7811 WALTERS 9964 GUYMON 0875 ERICK 5272 NEWKIRK 7822 HASKELL 9968 CORDELL 0960 POCASSET 5298 DAVIS 8052 WEWOKA 9970 STI LWELL 1397 TONKAWA 5347 STI LLWATER 8138 GUYMON 9976 SAYRE 1763 CARNEGIE 5546 PRYOR CREEK 8140 FREDERICK 9980' HARRAH 1913 IDABEL 5587 ALVA 8203 CHICKASHA 9987 SHATTUCK 2035 MOORE 5811 MANGUM 8294 MAUD 0003 BRAMAN 2078 WELLSTON 5955 CHELESEA 8313 PAWHUSKA 0005 POND CREEK 2104 DEPEW 5958 MARIETTA 8472 OKLA. CITY 0020 GEARY 2117 PRYOR CREEK 5961 PAWHUSKA 8524 STRATFORD 0051 CHECOTAH 2130 BLAIR 6113 ALTUSS 8563 LUTHER 0075 KAW CITY 2148 COYLE 6232 RALSTON 8616 DUNCAN 0117 CLAREMORE 2157 NORMAN 6241 OKMULGEE 8644 MINCO 0151 EDMOND 2472 ARDMORE 6299 COMANCHE 8744 WAURIKA 0205 MARLOW 2801 HUGO 6517 QU I NTON 8852 TEXHOMA 0239 HEAVENER 3021 MADILL 6641 WAN ETTE 8859 VERDEN 0240 HOLLIS 3751 OKMULGEE 6660 MCLOUD 9046 SULPHUR 0286 MADILL 3760 FREDRICK 6868 BEGGS 9709 WAYNOKA 0304 TECUMSEH 3891 PONCA CITY 6879 COWETA 9881 KINHSTON 0380 ACHILLE 4005 DURANT 6980 CALVIN 9888 HEAVENER 0381 COLBERT 4108 WALTERS 7115 BROKEN ARROW 9942 TULSA 0402 KAW CITY 4305 PAWHUSKA 7209 BERWYN 9946 MARLOW 0548 RINGLING 7278 THOMAS 9949 NOWATO 0573 VIAN 7724 WETUMKA 9963 ELDORADO 0689 COMMERCE Will pay for VG to VF $75.00 VF to UNC $125.00 for above notes On above notes ship don't write. Will buy most all large notes on the State of Okla. Write. I am interested in many other states, Kan., West Texas, Ark., Ariz., New Mexico, Utah, Colo., Calif., Mont., Nevada and many more. Will buy complete collections, just write. Also wanted series 1929 FEDERAL RESERVE BANK NOTE brown seal $5.00 San Francisco. Write state condition and price. SPMC 994 HARRY SCHULTZ ANA 38362 BOX 66, KREMLIN, OKLAHOMA 73753 AC 405-635-2377 Page 228 Paper Money TYPE COLLECTING - U.S. PAPER CURRENCY By PAUL H. JOHANSEN (Continued from No. 64/65) $50 Small Friedberg Hewitt Header d'O Grant-c. "GOLD", Inscription, "CERTIFICATE", 6 lines, across gold seal- lc. Lg "FIFTY"-rc. Obligation ". . IN GOLD COIN" B. U.S. Capitol-c, below curved "THE UNITED STATES OF AMERICA", upper field. 2404 G60-28 1118 "FIFTY DOLLARS" bottom border d4 FRN Grant-c, above "THE", "UNITED STATES OF AMERICA", "WILL, PAY 2100A-L F50- 28 A-L 1049A-L TO BEARER ON DEMAND", "FIFTY DOLLARS", 4 lines. 4-line In- scription above District seal with no.-le. Lg "FIFTY" across green seal-re B. Same as Type 40 48 New, 2-line Inscription high-lc. Omit "WILL PAY TO BEARER ON 2113A-L 63A A-L 1061A-L DEMAND" below portrait B. Motto added above Capitol 40 GC Grant-c. "GOLD", Inscription, "CERTIFICATE", 5 lines, across gold seal-lc. Lg "FIFTY"-re. B. U.S. Capitol-c, with curved "THE UNITED 2404 G60- 28 1119 STATES OF AMERICA" in upper field-c, and above "FIFTY DOLLARS", bottom border 41 NBN Grant-c. Bank-lc, above "FIFTY DOLLARS", low-lc. Lg "FIFTY" and 1803-1 TYPE ONE 1048 Type I Obligation across brown seal-re. B. Same 42 Sm brown charter nos. added near serials. B. Same 1803-2 TYPE TWO 1048 Type H 43 FRBN Grant-c. District Bank-lc, above "FIFTY DOLLARS", low-lc Lg "FIFTY" and Obligation across brown seal-re. B. Same 1880B-L FB50- 29B-L 1047B-L 44 FRN Grant-c. Inscription high-1, above District seal with no.-le. Lg "FIFTY" across green seal-re. B. Same 2100A-L F60- 28 A-L 1049A-L 45 Letter replaces no. in District seal-lc. B. Same 2101A-L 28A A-L 1050A-L 46 New Inscription omits reference to "gold". B. Same 2102A-2106K 34 A-34D K 1051A-1055K 47 New, 3-line Inscription. Smaller "FIFTY" and smaller moral-re. B. Same 2107A-2112L 60 A-50E L 1056A-1061L 48 New, 2-line Inscription. B. Motto added above. Capitol 2113A-L 68A A-L 1061A-L 49 New Treasury Seal-re. B. Same 2114A - . 69 A - .. 1063A - . 1100 Large Donlon 1 IFN Gen. Scott high-c, flanked by faint, background "C's"-l&r, above "ONE 209 900 8Y 1144-1148 HUNDRED"-c. "UNITED"-lc, and "STATES"-re, flank portrait. B. 7 2 IBN "Farmer and Mechanic" low, far-1. Treasury Building (em oval), high-c. 204 900 2Y 1141-1143 "ONE HUNDRED", "DOLLARS", 2 lines-c. Naval ordnance scene far. lower-r. B. In four vertical ovals, 1 to r: "C", Inscription, Warning, "C". 3 Washington high-c, flanked by faint, background "C's". "Guardian" low, far-1; "Justice" low, far-r. B. "100"-l&r, flank Inscription-Warning in c-oval 199 1Y 1140 4 Same as Type 1. B. Bold, double-lined overprint "100"-c 212e 3Y TO 1149, 1150 5 LT Eagle, poised high-I. "100" lower-1 corner, in re, and high, upper-r. 165, 165a 100-1 T1 1120 "UNITED STATES", curving upward, -1 to r, cross, "100"-re. Seal high-r. B. Circular ornament-c, incloses Inscription-Convertibility. All on ornate, note-length field Same. B. Convertibility reference omitted 166, 167 T2, TO 1120a, 1121 7 Lincoln upper-1 corner, above "100". "ONE", "HUNDRED DOLLARS", 2 lines-c, impinges lg red seal lower-re. "Architecture" lower-r corner. 168 100- 4 1122 B. Encircled Inscription-Warning-c, flanked by "100" far-l&r 8 Slightly modified Type 7, Sm red seal with -rays lower-re B. Le ornament-e. Inscription-Warning-lc. R-field blank 169471 5-7 1123a-112,6 9 Lg brown seal lower-re B. Same 172, 173, 178 9, 10, 14 1126. 1127. 1132 10 Lg red seal lower-re. B. Same 174, 176 112,8, 1129 11 Lg sp red seal lower-re. B. Same 116, 177 13512, 14S 1130, 1181 12 Sm se red seal lower-re. B. Same 179-182 1133-1136 13 NBN First Charter. Battle of Lake Erie lower-1. Bank-c, above curved "ONE 452-455 7-A3001-12-40 1161-1163 HUNDRED DOLLARS" low-c. "Liberty" and fasces far-r. Sin red seal with rays-r. B. Signing of the Declaration of Indenendence-c, with In- scription above, and Warning below 14 Se red seal-re. B. Same 456-463 5-17 11544162 15 Second Charter, 1st issue. Brown seal-re. B. Charter no, on green orna- meat, brown field-c. Inscription above, and Warning below 519-531 B300- 9T1-22T1 1163-1174a 16 Second Charter, 2nd issue. Blue seal-re. B. Synnialie eagles far-l&r on green. "1882*1908"-e, on open field with Inscription above, and Warning below 566-572a 14T2-24T2 1175-1182 17 Second Charter, 3rd issue. Same. B. "ONE HUNDRED DOLLARS" in lieu of year dates-c 586a 20T3 1183 18 Third Charter, 1st issue. Knox far-lc. Bank-c, above "ONE HUNDRED 696-697 7300- 20T1-22T1 1184-1186 DOLLARS" low-c. Red seal lower-re. B. Spread eagle high-c, atop shield- e, over Inscription, low-c. Shield flanked by two male figures. Openfields-18r 19 Third Chen r, 2nd issue. Blue seal lower-re. B. "1902" high-I, and "1908" high-r, above open fields 686-694 20T2-28T2 1187-1195 20 Third Charter, 3rd issue. Same. B. Year dates omitted 698-707A 20T3-82T3 1196-1206a 21 CIN Similar to Type 3, except gold overprint "100, COMPOUND INTEREST, TREASURY NOTE". B. "100"-l&re, flank table of redemption values across ornament-c 193 9000 1137-1139 22 GC Eagle on shield far-lc. "ONE HUNDRED DOLLARS" high-c "GOLD"-c. 1166c Page 153 1222 B. "ONE HUNDRED DOLLARS" in rectangle-c, on ornate, note-length field 23 Benton far-lc. "ONE", "HUNDRED DOLLARS", 2 lines, high-c. "UNITED 1166h, 1166m Page 163 1223-1225 STATES", "GOLD", 2 lines-c. Ornate "-100" far-re B. Blank 24 Benton far-le. "ONE HUNDRED DOLLARS', "IN", "GOLD COIN", 3 lines; "COIN" impinges brown seal-re. "100" far-re. B. "GOLD" high-c, above eagle upon fasces-c. Sm "CERTIFICATE" low-e. "C" far-le. Open fields-l&r 1201-1203 600. 9, 10 1220-1229 25 26 27 Lg red seal-re. B. Same Lg brown seal-re. B. Same Sm red seal-re. B. Same 1204 1206 1206-1214 13 14 20-28 1230 1281 1232-1240 Whole No, 70 Page 229 28 6-line Inscription added, lower border-le. B. Same 1215 31 1241 29 NGBN Similar to Type 5, except "GOLD BANK"-c, and "Redeemable in Gold Coin". B. Depicts gold coins $1-$20, with Inscription above, and Warning below 1162-1166IV 300G. 1, 1A, 6, '7, 9 120'7-1211d 30 SC Monroe high, far-I. Lg red seal top-c, impinges "ONE HUNDRED" high-c. "SILVER" above "DOLLARS" partially across Ig faint, background 336-337a 200- 8T3, Til, T7 1212-1214 "100" low-c. B. "UNITED STATES" above, and "CERTIFICATE" below bold, double-lined "SILVER"-c. Sm one-line Inscription, top border 31 Similar to Type 30, except Ig brown seal with rays top-c. Lg "C" re- places background "100" low-c. B. Same as Type 30 338.340 200- 8-10 1216421'7 32 Similar to Type 30, except 1g sp brown seal top-c. Lg "C", as on Type 31 is omitted. B. Same as Type 30 341 14 1218 33 Similar to Type 30, except sm red seal lower-re. B. Same as Type 39 342 15 1219 34 Monroe-lc. "ONE HUNDRED" above "SILVER DOLLARS"-c. B. 348, 344 15A, 17 1220, 1221"UNITED" and "STATES", l&r, upper-c. Inscription-c 35 CN Adm. Farragut-rc. "100" high-c, above "ONE HUNDRED DOLLARS" 377 700- 14 1242 "IN COIN", 2 lines-c, partially across 1g brown seal-re. B. Bold, double- lined "100"-c, on ornate field. (First so-called "Watermelon" note) Lg "C" far-lc. Inscription, vertically written, in se oval far-r 36 Sm red seal re. B. Inscription-c. Open fields-l&r, with "UNITED" high-1, and "STATES" high-r 378 15A 1243 37 FRN Franklin-c, above "ONE HUNDRED DOLLARS" low-c. District seal-lc. 1072-1083 50H0A- 35R- 1244A-L Red seal-re. B. Allegorical group of five, on open field, above "ONE HUN- 500L-35R DRED DOLLARS" in panel. Inscription in lower border as Blue seal-re. B. Same 1084-1131 36- 500L-38 1245A1-IA 5100 Small Hewitt 39 GC aranklin-c. "GOLD", Inscription, "CERTIFICATE", 5 lines, across gold seal-lc. Lg. "100"-re. Obligation ". . IN GOLD COIN". R. Independence Hall-c. "THE UNITED STATES OF AMERICA", top border; "ONE HUNDRED DOLLARS", bottom border 2405 0100-28 1319 48 LT Franklin-c, above "ONE HUNDRED DOLLARS". 2-line Inscription across "100"-lc. "ONE HUNDRED" across red seal-re. Red serials. B. Same as Type 39 with motto added near top of Independence Hall. 1550, 1651 U100-66, 66A 1246, 1247 44 FRN Franklin-c, above "WILL PAY TO BEARER ON DEMAND", "ONE HUN- 2150A-L F100-28 A-L 1260A-L DRED DOLLARS", 2 lines. 4-line Inscription above District seal with no.- lc. Lg "100" across green seal-re B. Same as Type 39 45 New, 2-line Inscription high-lc. Omit "WILL PAY TO BEARER ON 2163A-L 63A A-L 1263A-L DEMAND" below portrait. B. Same as Type 39 with motto added near top of Independence Hall 39 GC Franklin-c, "GOLD", Inscription, "CERTIFICATE", 5 lines, across gold seal-lc. Lg "100"-rc. B. Independence Hall-c 2405 0100- 28 1319 40 NBN Franklin-c. Bank-lc, above "ONE HUNDRED DOLLARS" low-lc. Le 1804-1 TYPE ONE 1249 Type I "100" and Obligation across brown seal-re. B. Same 41 Sm brown charter nos. added near serials. B. Same 1804-2 TYPE TWO 1249 Type II 42 FRBN Franklin-c. District Bank-lc, above "ONE HUNDRED DOLLARS"low lc. Lg "100" and Obligation across brown seal-re. B. Same 1890B-K FB100- 29A-K 1248B-K 43 LT Franklin-c. Inscription across Ig "100"-lc. "ONE HUNDRED" across red seal-re. Red serials. B. Same 1550-1552 11100- 66, 66A 1246. 1247 44 FRN Franklin-c. Inscription high-1, above District seal with no. Lg "100" across green seal-re. B. Same 2150A-L F100- 28 A-L 1250A-L 46 Letter replaces no. in District seal-lc. B. Same 2151A-L 28A A-L 1261A.L 46 New Inscription omits reference to "gold". B. Same 2I52A-2166K 34 A-34D-K 1252A-1256K 47 New, 3-line Inscription. Smaller "100" across smaller seal re. B. Same 2157A-2162L 50 A-50E-L 1257A-1262L 48 Same. B. Motto added near top, Independence Hall. B. Same 2163A-L 63 A-L 1263A-L 44 New Treasury Seal-re. B. Same 2164A - . . 69 A - .. 1264A - . . 5500 Large Donlon 1 111N Hamilton high-c, flanked by faint, background "D's"-l&r Mortar lower-1; 209 9500 8Y 13434345 Washington lower-r. B. ? 2 "Liberty" and eagle. B. ? 206 2Y 1341, 1342 3 IBN "Standard Bearer" far-L "FIVE HUNDRED", "DOLLARS", 2 lines-c. 200 900 1Y 1340a "New Ironsides" lower-r. B. 7 4 Similar to Type 1 with "UNITED"-1, and "STATES"-r, flanking Hamilton, high-c. "FIVE HUNDRED DOLLARS" low-c. B. "500"-l&r of vertical, 2126 3Y T2 1346-1849 Convertibility in oval-c 5 LT Gallatin-c, below arched "UNITED STATES" high-c. "FIVE HUNDRED", 183a 1500.1 Tl 1320 "DOLLARS", 2 line, lower-l&re, below "500's". Bed seal-lc. B. "600"-l&r flanks Inscription-Convertibility in oval-c 6 Same. B. Convertibility reference omitted 183b, 183c T2, T3 1920a, 1321 7 Adams. J.Q., far-re. "Justice" far-1. Lg red seal-re, partially obscured by "500" high-c, and "FIVE HUNDRED DOLLARS"-c. B. Inscription- 184 1500- 4 1822 Warning-c. "500" far-l&rc, all on ornate, note-length field 8 Gen. Mansfield far, lower-r, below "500". "Victory", standing, far-1. Sm red seal with rays high-lc. "500", above "FIVE HUNDRED DOLLARS"- c, above two, faint, background "D's". B. "FIVE HUNDRED DOLLARS", 185a-195d 4A-7 1323.1326 3 lines, across Ig "d"-c, above curved "FIVE HUNDRED"-l&r. Inscrip- tion far-1, Warning-lc, printed vertically. R-field blank. Ornamental "D" far-re 9 Lg brown seal high-lc. B. Same 185e, 185f, 1851 8, 9, 13 1327, 1328,1332 10 Lg red seal high-lc. B. Same 1858. 185h, 1829, 133010, 11 11 LT Same as Type 8, except Ig sp red seal-lc. B. Same 185i 13311500 12 12 Sm se red seal high-le. B. Same 185k-185n 1333-133614-17 13 NBN First Charter. "Spirit of the Navy" far-I. Bank-c, above "FIVE HUN- 464 A3500.- 13504561a DRED DOLLARS" low-c. SS "Sirius" arriving New York Harbor, lower-re, impinges the re seal, above. B. Surrender of Burgoyne-e, with Inscrip- tion above, Warning below 14 CIN Similar to Type 3, except provision for compound interest appears low-lc. B. 7 194 96000 1337-1340 15 GC Eagle, poised on shield, far-1. "GOLD"-c. B. ? 1166d 6600 1633 16 Portrait of Lincoln. B. 7 11661 1859, 13606500 17 Lincoln far-1. "FIVE HUNDRED DOLLARS", "IN", "GOLD COIN", 3 lines-c, above seal low-re. "500" far-re* B. Spread eagle, poised on staff of flag-c, below "GOLD CERTIFICATE" in upper field-c, and above 1216, 1216a 6500 1361-1398 "D""FIVE HUNDRED DOLLARS" in panel at low-c. Lg ornamental -lc Page 230 18 5-line Inscription added near seal, low-lc" B. Same 19 NGBN Similar to Type 13, except "GOLD BANK"-c, and "Redeemable in Gold Coin". B. Depicts gold coins $1-$20. Inscription above, and Warning below 1217 1166a 6500 3500G- 1-3 1851d Paper Money 1868 1351b- 20 SC Summer far-r ; lg ornament far-I. Lg red seal with rays high-c, partially obscured by "FIVE HUNDRED"-c, above "SILVER". Curved "DOLLARS" across "500" low-c. B. Ornate "SILVER"-c, almost note-length, below 345a 2600- 8T3 13624554 "UNITED STATES" high-c, and above curved "Certificate", low-e. "Five Hundred Dollars" at lower border-c * —Some copies, these two Types, have 1g faint "GOLD" in background high-c 21 Same as Type 20, except 1g brown seal high-c. B. Same 345b-345d 2600- 8-10 13664367 22 CN Gen. Sherman-le. "FIVE HUNDRED"DOLLARS"-c, above curved "IN 379 7-1M- 14-17 Page 807 COIN". B. Inscription in sc ornament-e, encircled by curved "FIVE HUN- DRED". "UNITED" and "STATES" high-1&r above open fields 23 FRN Marshall-c, above "FIVE HUNDRED DOLLARS" in panel, and below curved "THE UNITED STATES OF AMERICA" high-c. District seal-lc. 1131 6.600 1370B-G Blue seal-re. B. DeSotcr discovering Miss. R.-c, above Inscription in border, low-c 1600 Smal) Hewitt 24 GC McKinley-c. "GOLD", Inscription, "CERTIFICATE", 5 lines, across gold seal-le. B. "500"-c, below "THE UNITED STATES OF AMERICA", and above "FIVE HUNDRED DOLLARS", in field 2406 G600- 28 1376 26 FRN McKinley-c. District seal with letter-lc. 4-line Inscription high-1. "FIVE 2200 F500- 28 A-L 1372A-L HUNDRED DOLLARS", bottom border. B. Same 26 New Inscription omits reference to "gold". B. Same 2201, 2202 34 A-34A L 1873A- 1874L 51000 Large_ Donlon 1 IBN Chase low-c, flanked by curved "ONE THOUSAND", above "Dollars", across "1000"-l&rc, low. "UNITED STATES" high-c. "1000"-l&r. B. Con- centric, circular ornaments-l&re. Vertical, reference-c: "PAY TO BEAR- 210 9-1M TY 1396-1400 ER", and interest at "TWENTY CENTS PER DAY". Touching, "1000", top and bottom-c 2 Naval engagement, "Guerierre" and "Constitution" B. DeSoto discover- 206 2Y 1398n (2nd ing Miss. R. entry), 1395 3 "Justice"-1. Eagles and shield-c. "Liberty"-r. B. ? 201 lY 1393a (1st entry) 4 "Justice", seated, low-c, flanked by 15 "1000"-l&r. Ornamental "ONE 212g 3Y T2 1401, 1402 THOUSAND DOLLARS"-c, below "UNITED STATES" high-e. Seal-rt. B. Vertical "1000" far-l&re. Two rectangular ornaments-c, bearing verti- cal print: "PAY TO REARER"-I, and Convertibility-r 5 LT Morris low-c, below curved "UNITED STATES", partially impinging red seal upper-r. Portrait flanked. I&r, by "One Thousand" above curved 186a Page 63 1576 "DOLLARS", low-c. "1000" across ornate "M", upper-l&r. B. Inscrip- tion-Convertibility in oval-c, flanked by vertical "1000"-l&re 6 Same. B. Convertibility reference omitted 186b. 1$6c Page 53 1377, 1878 7 Clinton high-c, above curved "ONE THOUSAND DOLLARS", low-c last letters impinging 1g red seal lower-re. Columbus contemplating Earth far-I. B. Encircled Inscription-Warning-c, flanked by 1g "M"-le, and 186d Page 63 1379 "1000"-rc. All on ornate, note-length field 8 LT Similar to Type 7, except sm red seal with rays-re. Lg faint and ornate, background "M" lower-r, and smaller "M" lower border-e. B. Orna- mented "$1000"-c. Ornamental, vertical "M"-l&rc. Vertical Inscription- 187a 1-M 7 1380 Warning far-1, with balancing ornament far-r.- All on ornate, note-length field 9 Similar to Type 8, except 1g brown seal lower-r, and 1g "M" omitted. 187b, 187f 10, 16 1381, 1386 B. Same 10 Similar to Type 9, except Ig red seal lower-r. B. Same 187e, 187d 12, 13 1382, 1383 11 Similar to Type 9, except lg sp red seal lower-r. B. Same 187e 14 1384 12 Similar to Type 9, except sm se red seal lower-r. B. Same 187g-187 1 17-24 1380-1391 13 NBN First Charter. Gen. Scott entering Mexico City, far-1; Capitol far-r. 465 A-1M- 1403, 1404 Bank-c, above curved "ONE THOUSAND", both across seal, low-c. Washington resigning his commission-c, with Inscription above, and Warning below 14 CIN Similar to Type 3, except accords compound - interest. B. ? 196 9.1MC 1892 15 GC Eagle, poised on shield far-I. "GOLD"-c. B. 7 1166e 6-1M 2 1412 16 Hamilton far-lc. "ONE THOUSAND DOLLARS" high-c. "UNITED 11664 1166-0 4, 6 1418-1415 STATES", "GOLD", 2 lines-c. "1000" far-r. 13. ? 17 Hamilton far-r. "1000" far, upper-1. "One Thousand Dollars" across Ig faint, background "GOLD", upper-c, and above "In" "Gold Coin", 2 lines-c, "Coin" impinging seal, low-re. B. Eagle, poised on fasces, shield on breast-c. Ornate "M" far-lc. Open field-l&r 1218 9-21 1416-1422 18 GC Hamilton (new portrait)-c, below curved "ONE THOUSAND DOLLARS", and above "IN GOLD COIN" at base. Lg "$1000"-lc. "Washington, D.C." across seal lower-re. B. Encircled Great Seal-e, with radiant sunburst. 1219 6.1M 22-28 1428-1423d Sm "Gold Certificate" high-c, above curved "THE UNITED STATES OF AMERICA". "ONE THOUSAND DOLLARS", low-c, above "In Gold Coin" 19 Inscription added across "$1000"-le. B. Same 1220 31 1424 20 SC Marcy far-I. "1000" across ornate "M" far-re. "One Thousand"-c, across lower arc of 1g red seal with rave 1“ ,-1, -- "Q11. VFP DOLT A PS" 'niv.e, above "1,000". B. Srn print, arched Inscription high-c, below curved, or, nate "UNITED STATES". Ornate "Sfi.,v .,...,V -c, ul.A.,,,, bold, a,11.0- I. note- length "CERTIFICATES". "ONE THOUSAND DOLLARS" on long oval, low-c 346a 2-M 8T3 14054407 21 Lg brown seal high-c. B. Same 346b-346c1 8-10 1408-1410 22 Marcy, smaller size, far-re, below "1000". Feminine figure upper-I corner holding shield bearing "One Thousand", and lg "1000". "UNITED 346e 17 1411 $ STATES" high-c. "ONE THOUSAND"-c, above curved "SILVER DOL- LARS". B. Bold, double-lined "1000"-c, across two twin ornaments. Inscrip- tion in pear-shaped ornament, low-c, flanked by "SILVER CERTIFI- CATE"-l&r. All on most ornate field 23 CN Gen. Meade far, high-1. "1000" above "One Thousand Dollars"-e, im- pinges Ig brown seal-re, Curved "IN COIN" low-c. "Wahington, D.C." far, low-r. B. Bold, double-lined "1000"-e, above "One Thousand Dollars" on panel, low-c. (Another, so-called "Watermelon" note). Encircled In- scription far-lc, all on ornate, note-length field 379a 7-1M 14 1423 24 Sm red seal. B. Same 379b 16 1428 Whole No. 70 Pare 231 25 Same. B. "ONE", "THOUSAND", "DOLLARS", 3 lines, on c-ornament 379c, 379d 15A, 17 1427, 1428above Inscription on plaque, low-c. "UNITED"-I and "STATES"-r, high on open fields 26 FRN Hamilton-c, above "ONE THOUSAND DOLLARS" bottom border. District1133 1429B-Kseal-lc. Blue seal-re. B. Eagle, poised on flag-e, above Inscription, bottom border. "$1000" across "5"-IStrc, in open fields 5-1M ♦1000 Small Hewitt 27 GC Cleveland-c. "GOLD", Inscription, "CERTIFICATES", 6 lines, across gold 2407 G10011- 28, 34 1436, 1434seal-lc, B. "The United States of America" (old style), above "ONE THOUSAND DOLLARS"-c, on plain, almost note-length field 28 FRN Cleveland-c. Inscription high-I, above District seal with letter-lc. Green 2210 F1000- 28 A-L 1430A-Lseal-re. "ONE THOUSAND DOLLARS" bottom border. B. Same 29 FRN Same as Type 28, except new Inscription omits reference to "gold" B. Same 2211, 2212E1000- 34 A-34A A-L 1411A-1432L *5000 Large Donlon 1 ttsri --Justice", standing-I. Indian maiden, seated, high-c. "The" (old style) "UNITED STATES"-c, above "FIVE THOUSAND DOLLARS". "5000" high, upper-1, and upper, far-r. B. ? 211 9-5M 3Y 1436-1441 2 "Altar of Liberty". B. ? 202 lY 1485a 3 LT Madison high-lc. "6000" far-re. Faint, background "5000", high-c. "United 188 1-5M 8 1436States" (old style), "FIVE THOUSAND", Curved "DOLLARS", 3 lines, all across Ig brown seal, low-c. B. Eagle, poised on flat shield-c, with Capitol in background-I. Vertical "5000" far-l&re. Lg "AMERICA" be- low eagle. "UNITED" and "STATES" high-l&r 4 GC Eagle, poised on shield, far-1. "GOLD"-c. B. 7 1166f 6-5M 2 1442 6 Madison. B. ? 1166k 4, 6 1443-1445 6 Madison far-lc. "5000" far-re. "Five Thousand Dollars", (old style) above 1221 9-28 1446-1463"In", across 1g faint, background "GOLD", high-c. Ornate "GOLD COIN"-c, above seal, lower-re. B. "GOLD"-c. "UNITED STATES" high-c field ; Ig ornate "Certificate" low-c field. "5000" high-le. Eagle on nest high-re 7 GC Madison far-lc. "5000" far-re. "FIVE THOUSAND DOLLARS" high-c. 1222 Page 164 1454-1460 "UNITED STATES" above ornamental "GOLD"-c. B. Same as Type 6. 8 CD Baker far-le. "FIVE THOUSAND DOLLARS" high-c, across seal. "V" upper-I ; "6000" upper-r. B. ? — — 1441a, 1441b 9 FRN Madison-c, above "FIVE THOUSAND DOLLARS", bottom border. District seal-lc. Green seal-rc. B. Washington resigning his commission. Inscrip- tion bottom border. 1134 6-6M 1461B *5000 Small Hewitt 10 GC Madison-c. "GOLD", Inscription, "CERTIFICATE", 5 lines, across gold seal-lc. Obligation "IN GOLD COIN". B. "5000" across '$", In oval oa-1 rn 2408 G5000-28 1464 "THE "FIVEment-c. Curved UNITED STATES OF AMERICA", top, and THOUSAND DOLLARS", bottom, of open field. "5000" in rectangular ornaments far-l&re. 11 FRN Madison-c. Inscription high-I, over District seal-lc. Green seal-re. B. Same 2220 F5000-28 A-L 1462A-L 12 New Inscription omits reference to "gold". B. Same 2221 34 A-L 1463A-L 310,000 Large Donlon 1 LT Jackson far, high-1. Faint. background "10,000" high-c. Curved "United 188 1•10M 8 1465 States", "TEN THOUSAND", curved "DOLLARS", 3 lines, across Ig brown seal, low-c. Ornate "10.000" (note the punctuation) on 4-part ornament far-re. B. Poised eagle on flagstaff-c, above "AMERICA". Lg "X" with encircling "TEN THOUSAND" upper-re 2 GC Eagle, poised on shield, far-1. "GOLD"-c. B. ? 1166g Page 163 1486 8 Jackson. B. 7 1166 1 6-10M 4, 6 1487-1469 4 Jackson far, high-1. "10,000" far-re. Lg faint, background "GOLD" high-c. "TEN THOUSAND DOLLARS", "IN", "GOLD COIN", 3 lines-c, 1223 9-28 1470-1477 "COIN" impinging seal, low-c. B. "10,000"-lc. Eagle, poised on flag-re. "UNITED STATES" high-c. "GOLD" (old style), low-c, above "CERTI- FICATE" at border 5 Jackson far, high-1. "TEN THOUSAND DOLARS" high-c. "UNITED 1224 Page 154 1471-11134 STATES" above ornate "GOLD"-c. "10,000" far-rc. B. ? 6 Similar to Type 5, except seal low-re. B. ? 1225 Page 164 1485-1492a 7 CD Douglas-lc. "Ten Thousand Dollars" (old style) high-c, across Ig seal. — — 1492b, Faint, background "10,000" low-c. "X" in upper-I corner ; "10,000" upper-r corner. B. ? 1492e 8 FRN Chase-c, above "TEN THOUSAND DOLLARS" at border. District seal-lc. Green seal-re. B. Embarkation of Pilgrims-c, above Inscription at bottom border 1135 5.10M 14931 110.000 Small Hewitt 9.. GC che-,-,‘ "TOLD", Inscription. "CERTIFICATE", 6 lines, across gold seal- lc. Obligation "IN GOLD COIN". B. "THE UNITED STATES OF 2409 G10000- 28, 34 1498-1497 AMERICA", "TEN THOUSAND DOLLARS", 2 lines, across tall, faint, background "10,000"-c in open field 10 FEN Chase-c. Inscription high-1, above District seal with letter-lc. Green seal- rc. "TEN THOUSAND DOLLARS" bottom border. B. Same 2230 F10000- 28 A-L 1494A-L 11 New Inscription omits reference to "gold", B. Same 2231 34 A-L 1495A-L 3100,000 Small I GC Wilson-c. "GOLD", Inscription, "CERTIFICATE", 5 lines, across gold seal-lc. Lg "100,000"-rc. "THE UNITED STATES OF AMERICA". "ONE — • 34 1498 HUNDRED THOUSAND DOLARS IN GOLD", and (smaller) "Payable to bearer on demand as authorized by law", 3 lines, in panel below portrait-c. B. "100,000"-c. "5" with sunburst radiating entire field. "THE", "UNITED STATES OF AMERICA". 2 lines, at top of field. ^ONE HUNDRED THOUSAND", "DOLLARS", 2 lines, at bottom of field. * —Full catalog number not assigned in Hewitt ; but, using his numbering system the full number would be: G100000-34. Page 232 Paper Money 1:RIFA1: OF II-I:NG AVING PRINTING COPE PRODUCTION FEDERAL RESERVE NOTES SERIES PRINTED DURING MARCH 1977 FROM TO ONE DOLLAR QUANTITY SERIES PRINTED DURING APRIL 1977 FROM TO QUANTITY ONE DOLLAR 1974 A 98 560 001 B A 99 840 000 B 1,280,000 1974 A 04 480 001 C A 19 840 000 C 15,360,000 1974 A 99 840 001 B A 99 999 999 B/1 160,000 # 1974 D 90 240 001 B D 99 840 000 B 9,600,000 1974 A 00 000 001 C A 04 480 000 C 4,480,000 1974 D 99 840 001 B D 99 999 999 B/1 160,000 # 1974 A 01 440 001 * A 01 920 000 * 480,000 1974 D 00 000 001 C D 17 920 000 C 17,920,000 1974 B 95 360 001 F B 99 840 000 F 4,480,000 1974 E 33 920 001 F E 49 280 000 F 15,360,000 1974 B 99 840 001 F B 99 999 999 F/1 160,000 # 1974 F 86 400 001 E F 99 840 000 E 13,440,000 1974 B 00 000 001 G B 11 520 000 G 11,520,000 1974 F 00 000 001 F F 00 640 000 F 640,000 1974 B 05 280 001 * B 05 760 000 * 480,000 # 1974 H 35 200 001 C H 49 920 000 C 14,720,000 1974 C 52 480 001 C C 69 760 000 C 17,280,000 1974 J 47 360 001 B J 58 880 000 B 11,520,000 1974 E 07 680 001 F E 33 920 000 F 26,240,000 1974 K 86 400 001 C K 90 880 000 C 4,480,000 1974 F 67 840 001 E F 86 400 000 E 18,560,000 1974 L 67 200 001 F L 99 840 000 F 32,640,000 1974 G 76 160 001 D G 99 840 000 D 23,680,000 1974 L 99 840 001 F L 99 999 999 F/1 160,000 # 1974 G 99 840 001 D G 99 999 999 D/1 160,000 # 1974 L 00 000 001 G L 03 200 000 G 3,200,000 1974 G 00 000 001 E G 10 880 000 E 10,880,000 1974 G 04 000 001 * G 04 480 000 * 480,000 # FIVE DOLLARS 1974 L 44 160 001 F L 67 200 000 F 23,040,000 1974 B 39 040 001 F B 43 520 000 F 4,480,000 1974 E 11 520 001 D E 17 280 000 D 5,760,000 TWO DOLLARS 1974 F 11 520 001 D F 14 720 000 D 3,200,000 1976 1 14 080 001 A I 14 720 000 A 640,000 1974 G 26 240 001 D G 31 360 000 D 5,120,000 1974 H 34 560 001 B H 39 040 000 B 4,480,000 FIVE DOLLARS 1974 J 46 720 001 B J 53 120 000 B 6,400,000 1974 A 65 280 001 B A-72 960 000 B 7,680,000 1974 K 61 440 001 B K 68 480 000 B 7,040,000 1974 B 33 280 001 F B 39 040 000 F 5,760,000 1974 L 58 880 001 D L 63 360 000 D 4,480,000 1974 D 93 440 001 B D 99 840 000 B 6,400,000 1974 F 03 840 001 D F 11 520 000 D 7,680,000 TEN DOLLARS 1974 I 73 600 001 A I 82 560 000 A 8,960,000 1974 A 67 840 001 C A 78 720 000 C 10,880,000 1974 L 49 280 001 D L 58 880 000 D 9,600,000 1974 B 14 720 001 I B 21 760 000 I 7,040,000 1974 D 17 280 001 C D 23 040 000 C 5,760,000 TEN DOLLARS 1974 E 23 680 001 C E 31 360 000 C 7,680,000 1974 A 56 960 001 C A 67 840 000 C 10,880,000 1974 1974 1974 1974 1974 1974 1974 B 97 280 001 Fl B 99 840 000 H 11 99 840 001 H B 99 999 999 H/1 B 00 000 001 1 B 14 720 000 1 B 26 400 001 * B 26 880 000 * D 10 880 001 C D 17 280 000 C F 93 440 001 B F 96 640 000 B H 16 000 001 B H 21 760 000 B 2,560,000 160,000 14,720,000 480,000 6,400,000 3,200,000 5,760,000 # # 1974 1974 1974 1974 1974 TWENTY DOLLARS B 84 480 001 F B 90 240 000 F E 29 440 001 D E 34 560 000 D G 57 600 001 E G 70 400 000 E K 12 800 001 B K 17 920 000 B L 39 680 001 D L 45 440 000 D 5,760,000 5,120,000 12,800,000 5,120,000 5,760,000 TWENTY DOLLARS FIFTY DOLLARS 1974 D 65 280 001 C D 72 960 000 C 7,680,000 1974 E 16 640 001 A E 17 920 000 A 1,280,000 1974 E 21 120 001 D E 29 440 000 D 8,320,000 1974 G 46 080 001E G 57 600 000 E 11,520,000 ONE HUNDRED DOLLARS 1974 H 30 720 001 B H 35 200 000 B 4,480,000 1974 E 18 560 001 A E 19 840 000 A 1,280,000 # Indicates Printing Other Than COPE ## Indicate's Correction to Previous Report /1 A star note is used for the 100,000,000th note in a series since the numbering machines provide for only eight digits. FRACTIONAL CURRENCY FOR SALE NEW LARGER LIST NOW AVAILABLE WANTED Any and all Fractional or related material (books, Spinner items, etc.). Sell to a specialist for the best possible offer. A.N.A. SPMC LEN AND JEAN GLAZER P. O. BOX 111 FOREST HILLS, NEW YORK 11375 Whole No. 70 Page 233 Page 234 Paper Mo ney TWi S by Charles A. Dean r./whyv4h,I4 /4;ef/ .41143011101-140 attic " C40,4 NE+11:TIt`tIT zusali*,,,t rat, Niratiovve....,,..tu "Lazy $2" National Bank Notes are among the most popular and sought after National Currency. The Lazy $2 derives its name from the fact that the face of the note features a large numeral 2 laying horizontally as if tipped over on its face. The vignette on the left is of a seated figure allegorical of "America" unfurling the flag of the United States. The back design shows Sir Walter Raleigh in England in 1585 exhibiting corn and tobacco to the King of England. The $2 denomination was short lived in the National Currency series, being issued only from 1865 through 1878. According to William H. Dilliston ("National Bank Notes in the Early Years,") a total of 7,747,519 notes were issued. Treasury reports as of August 31, 1948 indicate only 80,888 of the Lazy Deuces remained outstanding.- Undoubtedly, many of those reported to be extant have been destroyed by fire, flood or have met other fates that will keep them from the hands of collectors. The Lazy $2 was issued in seven signature combinations in two series. The Original Series notes were issued from 1865 to 1875 and usually without the bank of issue's charter number. The Series 1875 notes were issued from 1875 to the end of 1878 of bore the charter number twice in red on the face of the note. About 2,400 national banks had the option of issuing the denomination but a large number did not choose to exercise, that prerogative. When a bank did issue the Lazy $2s, they were on sheets of four notes, usually three $1 bills and a $2, or rarely two $1s and two $2s. For several years I have searched through dozens of auction catalogs, scanned stacks of dealers' price lists and looked through thousands of Nationals at coin shows and conventions all over the country. I have kept a list of each of the different banks from which I have seen a Lazy $2. This"list now totals 331 banks. Following is a list, by charter number, of eight uncut sheets of Lazy $2, one bank in the District of Columbia, five banks in four territories and 325 banks in 22 states. Whole No. 70 UNCUT SHEETS 55 Indianapolis, IN 234 Philadelphia, PA 336 Memphis, TN 511 Jacksonville, IL 804 New Castle, IN 1080 New York, NY 1416 Mount Morris, NY 2062 Louisville, KY 1816 Rockford 1821 Winchester 1889 Rock Island 1907 Rochelle 2011 Kansas 2048 Chicago 2100 Paris 2124 Decatur 2126 Lincoln INDIANA 416 Easton 439 Fall River 442 Worcester 460 Boston 462 Adams 524 Boston 525 Boston 545 Boston 551 Boston 554 Boston 578 Boston Page 235 MINNESOTA 2006 Minneapolis 2159 Kasson 2268 Winona MISSOURI 170 Saint Louis 1584 Boonville 1665 Saint Louis 1712 California DISTRICT OF COLUMBIA 11 Fort Wayne 582 Boston 875 Washington 17 Richmond 584 Newburyport NEW HAMPSHIRE TERRITORIES 37 Centreville82 Lawrenceburgh 595 Roxbury 603 Boston 19 Portsmouth 401 Portsmouth COLORADO TERRITORY 571 Crawfordsville 609 Boston 576 Francestown 1016 Denver 617 Indianapolis 615 Roxbury 1242 East Jaffrey 1651 Denver 699 Aurora 625 Boston 1310 Nashua 701 New Albany 626 Hopkinton 1353 Dover NEBRASKA TERRITORY 793 Muncie 638 Lynn 1688 Hillsborough 1417 Nebraska City 869 Indianapolis 643 Boston 984 Indianapolis 663 Canton NEW JERSEY UTAH TERRITORY 1102 Richmond 669 Dedham 52 Newark 2059 Salt Lake City 1103 Terre Haute 672 Boston 374 Jersey City 1892 Bedford 677 Boston 395 Somerville WYOMING TERRITORY 2057 Lebanon 679 Fall River 445 Red Bank 2110 Laramie City 2090 Richmond 688 Waltham 452 Freehold STATES 2119 Plymouth 690 New Bedford 691 Salem 1316 Newark 1737 Hightstown CONNECTICUT IOWA 712 Harwich 2045 Newark 4 Stamford 15 Davenport 767 Marblehead 121 Hartford 650 Newton 847 Boston NEW YORK 361 Hartford 1475 Fairfield 899 Gloucester 34 Rondout 294 Westport 1479 Council Bluff 918 Leicester 35 Fishkill Landing 486 Hartford 1661 Fort Dodge 920 Greenfield 87 NYC 657 Norwich 1992 Keokuk 932 Boston 94 Port Jervis 670 Hartford 2028 Clarinda 947 Taunton 166 Albion 709 Litchfield 2215 Monroe 957 Taunton 167 Geneva 735 Stonington 791 Waterbury KANSAS 958 Peabody 974 Boston 185 Utica 223 Cooperstown 919 Pawcatuck 943 Danbury 1763 Fort Scott 1915 Emporia 985 Boston 993 Boston 280 Cooperstown 290 NYC 1093 Ansonia 2082 Atchison 1018 Northampton 296 Oswego 1098 Birmingham 1175 New London 1321 Hartford 1338 Hartford 1340 Middletown 1360 Brooklyn 1377 Hartford 1385 Tolland KENTUCKY 718 Covington 788 Clouisville 995 Winchester 1204 Stanford 1847 Covington 2010 Ashland 1028 Boston 1029 Boston 1055 Springfield 1082 Pittsfield 1107 Hyannis 1129 Andover 1203 Great Barrington 1207 Blackstone 307 NYC 316 Champlain 345 NYC 376 NYC 387 NYC 412 Aurora 453 Buffalo 456 Watkins 1494 Winsted DELAWARE MAINE 840 Belfast 1260 Pittsfield 1295 Boston 2103 Boston 527 Rochester 639 Lockport 653 Yonkers 1181 Middletown 1281 Odessa ILLINOIS 205 Springfield MARYLAND 1252 Baltimore 1325 Baltimore 1413 Baltimore 2275 Milford 2304 Boston 2373 Boston MICHIGAN 659 Poughkeepsie 842 Castleton 862 Owego 868 Potsdam 886 Geneseo 236 Chicago MASSACHUSETTS 116 Detroit 893 Saratoga Springs 276 Chicago 181 Springfield 825 Sturgis 905 NYC 531 Morris 256 Fall River 1573 Owosso 917 NYC 831 Galena 261 New Bedford 1761 Niles 923 Brooklyn 1428 Alton 322 Boston 1789 St. Clair 929 Kinderhook 1445 Alton 331 Lowell 1973 Adrian 964 NYC 1775 Shawneetown 359 Boston 2008 Lyons 972 NYC 1791 Bushnell 408 Boston 2143 Hancock 991 Troy Page 236 990 NYC OHIO 469 Mauch Chunk 1067 NYC 3 Youngstown 546 Philadelphia 1075 NYC 16 Sandusky 566 Northumberland 1080 NYC 68 Portsmouth 655 Lebanon 1104 Rochester 90 Upper Sandusky 667 Mount Joy 1157 Rhinebeck 91 Toledo 668 Pittsburgh 1189 Binghamton 98 Ironton 675 Pittsburgh 1192 Waverly 215 Norwalk 696 Reading 1196 NYC 220 Painesville 722 Pittsburgh 1208 Saugerties 237 Bryan 745 Lewisburg 1215 NYC 242 Ironton 768 Clearfield 1223 Brooklyn 248 Toledo 912 Manheim 1231 NYC 284 Washington 1579 Lewiston 1250 NYC 289 Ripley 1647 Philadelphia 1264 Vernon 422 Van Wert 1266 Greenwich 480 Mansfield 1275 North White Creek 492 Mount Pleasant RHODE ISLAND 1323 Delhi 738 Franklin 134 Providence 1334 Hamilton 858 Newark 772 Providence 1335 Amsterdam 911 Barnesville 843 Pawtucket 1352 NYC 1006 Piqua 856 North Providence 1357 NYC 1788 Dayton 952 Westerly 1372 NYC 1906 Defiance 983 Providence 1376 Rome 1942 Cambridge 1007 Providence 1389 NYC 1972 Washington 1008 Warren 1393 NYC 1980 Pomeroy 1030 Providence 1410 Rome 1999 Philadelphia 1151 Providence 1422 Peekskill 1158 Kingston 1443 NYC PENNSYLVANIA 1283 Providence 1509 Albion 143 Conneautville 1339 Providence 1655 Newport 161 Allentown 1472 Providence 1697 Port Henry 291 Pittsburgh 1492 Newport 2136 Binghamton 324 Newtown 1498 Greenville 229 Haverstraw 325 Danville 1512 Pascoag 2370 NYC 357 Selinsgrove 1616 North Providence Paper Money TENNESSEE 1834 Franklin 2000 Murfreesboro VERMONT 228 Orwell 748 Montpelier 857 Montpelier 1133 Woodstock 1197 Burlington 1364 Vergennes 1406 Wells River 1450 Rutland 1488 Manchester 2305 Brattleboro WISCONSIN 124 Whitewater 144 Madison 1115 Sparta 1998 Grand Rapids 2344 La Crosse This list of known Lazy $2s is by no means complete but is initial research on one of the most popular and prized type of National Bank Notes. Hopefully, dozens of other banks will be reported in a later article. If you have any Lazy $2s not listed in this article you are invited to report them to me at Box 2262, Nashville, Tennessee 37214. RESEARCHERS ANNOUNCED Researcher for the Wismer project will be Clarence Rareshide, 2307 American Bank Building, New Orleans, La., 70130. Anyone having unusual notes or data to add to his compilation should contact him, or Richard T. Hoober, Box 196, Newfoundland, PA 18445. Anyone wishing to assist with the New York listing, should contact Hoober, or John Glynn, 58 Nevilles Court, Dollis Hill Lane, London, N.W. 2, England, as he will appreciate any additions. Claud Murphy, Jr., Box 921, Decatur, Ga., 30031, is the chief researcher for the listing of Georgia notes and scrip. He will appreciate any assistance given by collectors. NOMINATIONS FOR BOARD OF GOVERNORS J. Roy Pennell, chairman of the 1977 Nominating Committee, has announced the selection of the following members for election to the Board of Governors: Charles G. Colver, Charles O'Donnell, Harry G. Wigington, J.T. "Tommy" Wiles, Jr., Wendell Wolka. Anyone wishing to make additional nominations for the Board of Governors may do so according to the procedure set forth in Article III, Section 3 of the Constitution and By-Laws. WORKERS WANTED At this years ANA convention the SPMC will have a table adjacent to the bourse area. From this table the Society will provide information to interested collectors about the functions of the SPMC. Banquet tickets and SPMC books will also be available. However, the table will be of little value unless we can get Society members to contribute some of their time by working at this table. If you're interested in helping out contact: Michael A. Crabb, Jr., P.O. Box 17871, Memphis, TN 38817. MILWAUKEE GET-TOGETHER A SUCCESS Thirty-five collectors enjoyed the Society's luncheon held at the Central States show, Milwaukee, on May 14th. Following the luncheon, Chuck O'Donnell presented an educational program on U.S. paper money. A lively discussion on the merits of the $2 bill ensued. The show found SPMC maintaining a high profile with a membership and information table set up at the entrance to the bourse area. During the show ten interested collectors either signed up on the spot or promised that "the check would be in the mail" on their return home. Book sales were also excellent. When it comes to selling your currency, the bucks start here • 1~800~225~6794 When you call New England Rare Coin Auctions and speak to our President, Lee J. Bellisario, you're in touch with more than just New England's largest rare coin auc- tion firm. You're in close contact with the numismatic professionals whose business it is to obtain for you the highest prices for your coins or currency. That's why more and more consignors are placing their hold- ings with us. In our last 6 auctions, 293 consignors earned $2,867,393, proof posi- tive of the continued market strength and the confidence that consignors and bidders alike have in our ability to accurately attribute, grade and catalog. When you choose to consign your collec- tion to New England Rare Coin Auctions, our high prices realized, our liberal cash- advance policy and our results-oriented advertising and promotion all help to insure a successful return for you. Now is the time to consign for our November, 1977 auction. Just call 1-800- 225-6794 (toll-free) and ask to speak to Lee J. Bellisario. He will discuss with you how your currency holdings, large or small, may become part of our next auction. And you'll know why the bucks start here. \NE\AT/ ENGLAND RARE COIN AUCTIONSAn 89 Devonshire Street, Boston, Mass. 02109 • 617-227-8800 or toll-free 1-800-225-6794 Whole No. 70 Page 237 NECItETARY'S EPOler HARRY G. WIGINGTON, Secretary P.O. Box 4082 Harrisburg, PA 17111 Page 238 Paper Money MEMBERSHIP LIST No. 4922 4923 New Members Collector Everett Hull, 2822 W. 7th St., Ft. Worth, Tx. 76107 Kasib M. Elamin, 3320 NE 28th St., Ft. Worth, Tx. 76111 Dealer or D C/D Specialty 4924 Douglas K. Hales, Rt. #2, Box 1032-C, Orange, Tx. C Fractional Currency 77630 4925 James W. Finn, 428 Crestline Dr., Decatur, Il. 62526 C Large Silver Certificates & Large U.S. Notes. 4926 Charles W. Leach, 345 Columbine, Casper, Wy. 82601 C 4927 Jesse C. Morgan, 423 Church St., Huntingdon, Pa. C Confederate Currency 16652 4928 Frank J. Hosford, 53 Country Club Dr., Largo, Fl. C 33540 4929 Raymond De Jordy, 258 S. Main St., P.O. Box 177, Wallingford, Ct. 06492 C 4930 John W. Bottger, P.O. Box 25133, Richmond, Va. C Obsolete $3.00, U.S. & Foreign (China) 23260 4931 William S. Dewey, 11 B Snowberry Lane, Whiting, N.J. 08759 C Ocean County, N.J. notes & Scrip 4932 Vernon Ray Saunders, P.O. Box 303, Ironton, Oh. 45638 4933 Peter Matranga, 3333 Rodney Lane, Racine, Wisc. 53406 4934 Virgil P. Barta, P.O. Box AC, Los Altos, Ca. 94022 C Banknotes, stocks, Bonds, & checques. 4935 George A. Rackensperger, P.O. Box 531, Maitland, Fl. 32751 C Large U.S. Currency & Obsolete bank notes. 4936 Carl G. Terhune, 1011 Hargus Ave., Vallejo, Ca. C/D Fractional & U.S. Large notes 94590 4937 Joel T. Buchanan, 460 Spring Valley Rd., Montgomery, Ala. 36116 C U.S.-Large & small size, Nationals & Fractional currency. 4938 Arthur H Fauss, 2077 N. Cambridge Ave., Milwaukee, Wisc. 53202 4939 Fred Pitkof, 852 Kailas Court, Valley Stream, N.Y. 11580 4940 Gregg Bercovitz, 10421 Las Lunitas Ave., Tujanga, Ca. 91042 C Large U.S. Currency & Errors 4941 Anthony R. Palmisano, P.O. Box 521, Scottsdale, Ariz. 85252 C Large Notes 4942 Dennis Ostermiller, P.O. Box 54, Flemington, N.J. C/D All U.S. Paper Money 08822 4943 Ray Wasosky, P.O. Box 6, McKean, Pa. 16426 C/D Nationals 4944 Donald M. Miller, 104 N. 7th St., Indiana, Pa. 15701 C 4945 E.L. Sollid, P.O. Box 1119, Stanwood, Wa. 98292 C Currency-& Dollars-Nationals 4946 Jim Thompson, 71 Ridgeport Rd., River Hills C Plantation, Clover, S.C. 29710 4947 Conrad M. Vena, Jr., 72 Anderson St., Hackensack, N.J. 07601 D N.J. National Currency 4948 Robert C. Boelio, 2433 Clawson Ave., Royal Oak, Mich. 48073 C Confederate Currency, Broken Bank Notes. 4949 Lawrence William Keefe, 1518 Little John Circle, Council Bluffs, Iowa 51501 C/D General Paper Money 4950 Michael R. Moss, P.O. Box 2171, Laurel, Ms. 39440 C Silver Certificates (S.M. $1 blocks) 4951 Barbara A. Lightner, 1312 Fort Ave., Ocean Springs, Ms. 39564 C Maryland Obsolete & Factional notes. 4952 Gregory E. Hause, Box 260, R.D. #1, Greentown, Pa. 18426 C/D Colonial & Continental Currency, Fractional Currency Whole No. 70 4953 D.R. Shrader, 4320 Valmonte Dr., Sacramento, Ca. 95825 4954 James E. Skalbe, 30 Fremont St., Winthrop, Mass. 02152 4955 David Davis, P.O. Box 205, Ypsilanti, Mich. 48197 4956 Brad Wilkinson, 311 N. Franklin, Dwight, H 60420 4957 Gordon C. Radtke, 2935 N. Farwell, Milwaukee, Wis. 53211 4958 John M. Bertheuson, R.R. #1, Box 180, Grand Forks, N.D. 58201 4959 Robert R. Shaw, 74 Pond St., Watertown, Mass. 02172 4960 Al C. Adams, Jr., 3272 Peachtree Rd., Suite 354, Atlanta, Ga. 30305 4961 Eugene F. Bright, 2604 Walnut, Cedar Falls, Iowa 50613 Page 239 C/D B 2 F.D.C.'s & July 4th 1st Day covers C/D Colonial & Early Mass., encased postage. U.S. C C Currency C Large U.S. Currency C North Dakota Nationals C/D General paper money D Ga. Nationals, & high grade type notes. C/D National Currency & Types RE-INSTATED 3608 Jay Steinberg, 211-40 18th Ave., Apt. #2D, Bayside, N.Y. 11360 RESIGNATION 1725 Michael M. Dolnick CHANGE OF SPECIALITY 4826 Fred Zinhann Third Charter & small Nationals CONLON RESIGNS The man who is probably the paper money collectors' highest-placed friend in Washington, D.C., the Director of the Bureau of Engraving and Printing James A. Conlon, has announced his resignation, effective July 1, 1977. Conlon, who has been with the BEP since 1942, is expected to take position in the private business world following what he called "A period of leisurely relaxation with my family." He added "Thereafter, I suspect I will be anxious to continue my interest in the numerous aspects of the environment I found so rewarding." An accomplished businessman and manager of the world's largest "money-making outfit," Conlon became popular with collectors through his willingness to appear and speak at numismatic conventions and gatherings and his openness with the numismatic press. Conlon began his career as an apprentice plate printer, becoming a plate printer in 1949 and being promoted to technical assistant to the Examining Division in 1953. He was named to head the Quality Control Division in 1955 and 12 years later, he was named to the BEP's top post by Treasury Secretary Hanry H. Fowler, succeeding Henry J. Holtzclaw. For his outstanding leadership in the agency, Conlon received the Treasury Department's highest honor, the Alexander Hamilton Award, earlier this year. No official word on Conlon's successor has yet been given, but it is possible that direction of the BEP and the Secret Service will be placed under the control of Under Secretary of the Treasury Bette Anderson. KANSAS OBSOLETE REVISION A revision of the Kansas listing of obsolete notes, that originally appeared in Whole #36 of Paper Money, 1970, has been prepared. The numbering system has been changed and a number of new notes added and other changes made. Will anyone having knowledge of Kansas notes that may be presently unknown to the writer please send a Xerox or an accurate description of same to: Steven Whitfield, HHD (P) USMCA Goeppingen, APO New York 09454. Any reports will be kept strictly confidential if so desired. Also, copies or photographs of the following notes would greatly assist in making the revision as complete as possible: 1. $20.00 Atchison, Ks. Valley Bank of Bk of the State of Kansas 2. $1.00 Lvnwth, Clark, Gruber Nov. 1, 1862 (without red panel) 3. $1.00 Lvnwth, Banking House of J.W. Morris 4. $3.00 Lvnwth, Beecher & Lewis, 1862? 5. $2.00 Manhattan, John Pipher & Co. 6. $20.00 City of Elwood scrip, 1860 7. $1.00 Lawrence, Simpson Bros (with GREEN overprint, can anyone verify existence?) Page 240 CURRENCY COLLECTION STOLEN Thieves recently made off with an Elgin, Illinois SPMC member's collection of small and large size currency. Listed are the large size notes that were stolen, by Friedberg numbers and serial numbers. Persons having knowledge of the whereabouts of any of these notes are urged to contact their nearest F.B.I. office. FRIED SERIAL NO. SIGNATURE LEGAL TENDER ISSUES DEN. 91 K10806571 Speelman-White 5.00 91 K54748633 Speelman-White 5.00 91 K62578771 Speelman-White 5.00 91 K69044844 Speelman-White 5.00 SILVER CERTIFICATES 236 N90380137A Speelman-White 1.00 237 B28641387D Speelman-White 1.00 237 T55022475D Speelman-White 1.00 237 V28355824D Speelman-White 1.00 238 X23606173D Woods-White 1.00 238 B24303669E Woods-White 1.00 NATIONAL BANK NOTES 590 E847999B (M2894) Vernon-McClung 5.00 595 N931160 (M2670) Lyons-Roberts 5.00 598 B376002H (E3312) Lyons-Roberts 5.00 627 8000 (9836) Vernon-McClung 10.00 627 40064 (4398) Vernon-McClung 10.00 627 H760510H (M4325) Vernon-McClung 10.00 627 X715029E (M4596) Vernon-McClung 10.00 632 H374584E (E5046) Teehee-Burke 10.00 650 K624342D (M7692) Lyons-Roberts 20.00 652 E562035D (S8645) Vernon-Treat 20.00 653 M296204E (M4520) Vernon-McClung 20.00 654 62718 (2059) Napier-McClung 20.00 659 3746 (5638) Elliott-Burke 20.00 677 1426 (9353) Vernon-Treat 50.00 FEDERAL RESERVE NOTES 871 G 38722561B White-Mellon 5.00 871 G40683066B White-Mellon 5.00 871 G47024686B White-Mellon 5.00 871 G47489910B White-Mellon 5.00 871 G47601167B White-Mellon 5.00 871 G34642285B White-Mellon 5.00 871 G36575937B White-Mellon 5.00 871 G40932937B White-Mellon 5.00 871 G30401814B White-Mellon 5.00 871 G48264832B White-Mellon 5.00 928 G8513545A Burke-McAdoo 10.00 930 G41971633A Burke-Houston 10.00 930 G50693048A Burke-Houston 10.00 931 G565262* White-Mellon 10.00 931 G66665209A White-Mellon 10.00 931 G68189918A White-Mellon 10.00 931 G70718230A White-Mellon 10.00 931 G73714236A White-Mellon 10.00 988 G3575994A Burke-McAdoo 20.00 991 G33233674A White-Mellon 20.00 991 G41309729A White-Mellon 20.00 1034 C1471421A Burke-Houston 50.00 1078 G35343A Burke-McAdoo 100.00 1108 G114442A Burke-McAdoo 100.00 Paper Money GOLD CERTIFICATES 1171 E19169128 Parker-Burke 10.00 1172 E40681666 Teehee-Burke 10.00 1172 E59073001 Teehee-Burke 10.00 1173 K8705724 Speelman-White 10.00 1173 H31091990 Speelman-White 10.00 1173 K44749001 Speelman-White 10.00 1187 K23322726 Speelman-White 20.00 1187 K38792384 Speelman-White 20.00 1187 K23289252 Speelman-White 20.00 1187 K84359123 Speelman-White 20.00 1187 K26367394 Speelman-White 20.00 1187 K60530930 Speelman-White 20.00 1187 K84619616 Speelman-White 20.00 1187 K12412827 Speelman-White 20.00 1187 K82362610 Speelman-White 20.00 1187 K76139401 Speelman-White 20.00 1187 K29721493 Speelman-White 20.00 1187 K53460987 Speelman-White 20.00 1187 K49513171 Speelman-White 20.00 1200 B2271627 Speelman-White 50.00 1213 M305349 Parker-Burke 100.00 • LIBRARY . . NOTES WENDELL WOLKA, P.O. Box 366, Hinsdale, IL 60521. REGULAR ADDITIONS: ANA Club Bulletin March, May, 1977 The Virginia Numismatist Vol. 13, nos. 2 and 3 The Numismatist April, May, June, 1977 The Auction Catalog from the Rarcoa Central States Numismatic Society Auction of the famous Harley L. Freeman Florida obsolete currency collection has been donated to the library. Many of the notes are illustrated. 2 copies US 30 Gwynne & Day, THE DESCRIPTIVE REGISTER OF G5 GENUINE BANK NOTES, 1862 168 pp. Reprinted in 1977 by the Pennell Publishing Company; Gift of J. Roy Pennell, Jr. 2 copies The Library is very indebted to Roy Pennell for his generous donation of two copies of his new reprint of this classic example of the nineteenth century bank note register. Listing virtually thousands of genuine note descriptions, all collectors of obsolete notes find this volume both indispensable and fascinating. Originals of these bank note reporters are very scarce and expensive and so I would suggest that you get your request into me early in order to avoid what I suspect will be heavy demand for these two copies of this interesting relic of the past. XX 1 DeQuille, Dan, THE BIG BONANZA, 1969 (originally published in 1876), 439 pp., Illus. Gift of Larry Adams While not numismatic in content, this book does give a wealth of background information on the wild and wooly days of the Comstock Lode in Nevada. Whole No, 70 Show chairman Mike Crabb examines a sheet of BEP's $100,000 gold certificates being held by Jasper Payne. Payne exhibited his collection of Tennessee Nationals at the show. ALL PAPER MONEY SHOW A SUCCESSFUL FIRST Fantastic, superb, long overdue, are only a few of the superlatives lavished on the Memphis Coin Club and Board Member Mike Crabb for the "All Paper Money Show" held June 3rd and 4th in Memphis. A hard-working show chairman (Mike), an able committee, superb hotel accommodations, 80 plus dealers and 950 paper money collectors, were the ingredients that made this show such a resounding success_ The S./WA.; luncheon was well attended and the Tom Harris, Superintendent of the Examining Division of the BEP, smiles from behind the BEP's billion dollar exhibit. Flanking Harris are guards Reg Graham and Ron Goins. Page 241 Amon Carter holds a brick of 1976 $2 FRNs which was displayed on his table. Hanging on the wall behind Carter is a rug woven in the design of a 1929 $5 National issued by the Union Planters National Bank & Trust Company of Memphis. educational forum, chaired by Grover Criswell, played to a full house. Bob Charles of ABNCo presented a slide show from the company archives that brought groans of envy from his audience. Nathan Goldstein spoke on some of the milestones that our hobby has passed. The grand attendance prize—CU 1929 National on Union Planters National Bank & Trust Co. of Memphis—was won by George Wait. The only complaint heard was from a collector who lamented he just didn't have enough time to get around to every dealer, and he was sure he had missed something. Two days just wasn't enough time. Mike, we hope, will be able to stretch it to three days next time. Your society had a table at the entry to the bourse room. Board member, Wendell Wolka, and his associates, did a great job promoting the Society, presenting our programs, and signing up 10 new members. I'LL BE DOG GONE Paper money collectors and dealers often use the term "dog" to describe a well-circulated note, but here is a dog-note story of a different variety, from the April, 1862, number of Banker's Magazine: "A CANINE BANK.—A story of the singular adventures of a bank bill was given by the Boston Transcript, as follows: 'A ten dollar bill of the Old Colony Bank, Plymouth, was brought to this city as a curiosity. The bill, while in the hands of a person in Bridgewater, was seized by a dog, chewed and swallowed before it could be rescued from him. The animal was at once killed, and the mangled pieces of the bill secured. The gastric juice had acted somewhat on the edges, destroying them, but they were very neatly pasted together, so as to pass current. The bill recovered of the bite; the dog it was that died.' " Page 242 Paper Money Auction fiction:: NOTE MULINGS MAKE NEWS A pair of rare double denomination U.S. paper money error notes appeared in the May 5-6 Bowers and Ruddy Galleries auction of the Getty Collection. A 1918 Chicago Federal Reserve Bank Note with a $1 back and $2 face, grading fine, sold for $2,200 while a Series 1914 blue seal Federal Reserve Note with $10 back, $5 face, brought $2,250 in fine condition. A LOT GOING FOR IT "The best territorial National in the sale" was the description given by Hickman & Oakes to a Brown Back $10 on The Exchange N.B. of Alva, Oklahoma Territory. The note was serial number 1 (bank), plate A, the top note on the first sheet issued. The town was named for Alva Adams, a railroad attorney who was later governor and U.S. Senator from Colorado. The note was cataloged as "presently unique" with a grade of VF/F and sold for $2,887 in the H&O mail sale. RED SEAL RARITY One of the rarities among the scarce Red Seal 1902 National Bank Notes, a $20 from The First N.B. of Miami (Fla.) sold for $1,600 in VG condition in the recent sealed bid sale of National Currency conducted by Hickman & Oakes. FAMOUS FACE One of the three notes used to illustrate the frontpiece of the Warns-Van Belkum-Huntoon "Blue Book" of small size National Bank Notes, the $20 from Alaska's First N.B. of Juneau, a VF specimen, was offered in Hickman & Oakes recent mail sale. Bidding for the note topped the four-figure mark, landing at $1,210. Collectors of National Bank Notes from banks with interesting names, or unusual town names were offered a bonanza of such notes in the recent Hickman & Oakes mail sale. One such note was a fine $5 small size National from The First N.B. of Cherry Tree (Penna.), which sold for $88. Whole No. 70 Page 243 Iran's Israeli two by All Kafy hundred rial note Early in 1975 the Central Bank of Iran issued new 200-Rial bank notes (about $1.70 U.S.) with a back design containing in the background several six-pointed stars, similar to the Hebrew Star of David. Soon after, these notes were withdrawn from circulation in total secrecy and a year later—early in 1976—new 200-Rial bills were introduced, differing in only two respects: The signature of Bank Markazi's Chief Director was changed to reflect a change in that office; and, in place of the six-pointed stars, the stars on the new notes were of a 12-pointed variety. This interesting episode arose out of the Iranian authorities' extreme sensitivity towards revelations of any links between their nation and the state of Israel. Though Iran carries on extensive trade with Israel—the only OPEC nation selling oil to Israel—and the Israeli secret police MOSSAD has trained the Iranian SAVAK (security force), the Iranian authorities always condemn Israel in public and take the Arab or Palestinian side in international matters. Obviously it was felt that the Iranian notes with the Star of David would discredit the government with the largely Moslem population of Iran and the rest of the Arab world. Whether, considering these circumstances, the original design of the bill was produced by accident or conspiracy is itself an interesting question. Soon after the withdrawal of the bills with the six-pointed stars was begun, the Iranian Jews noticed the connection and started hoarding those few which could still be found in public hands. Then, a general scramble was set off for the "Israeli bills". The Iranian government's attempt to quietly replace the offending note with a similar design in hopes the public would take no notice was thus a failure. Originally about 60 series of the bills with six-pointed stars were printed. Of these, only the first and second series were circulated. The rest were taken from the Central Bank's vaults and burned. Today, it is estimated there are perhaps 1,000 to 2,000 of the Star of David bills in the hands of collectors. Most of them are brand new and can still be bought for about 300 Rials on the "black market" in Iran, still quite cheap because most people do not realize fully the significance of this incident. But, the set of rare circumstances which have produced this paper money curiosity are unlikely to repeat themselves anywhere else in the world. Surely then, the Iranian 200-Rial notes with the six-pointed stars constitute a rare collectors' item internationally. 111111hinh, Amid Page 244 mongy mart Paper Money will accept classified advertising from members only on a basis of 54 per word, with a minimum charge of $1.00. The primary purpose of the ads is to assist members in exchanging, buying, selling, or locating specialized material and disposing of duplicates. Copy must be non-commercial in nature. Copy must be legibly printed or typed, accompanied by prepayment made payable to the Society of Paper Money Collectors, and reach the Editor, Doug Watson, Box 127, Scandinavia, WI 54977 by the 10th of the month preceding the month of issue (i.e., Dec. 10, 1976 for Jan. 1977 issue). Word count: Name and address will count for five words. All other words and abbreviations, figure combinations and initials counted as separate words. No check copies. 10% discount for four or more insertions of the same copy. Sample ad and word count: WANTED: CONFEDERATE FACSIMILES by Upham for cash or trade for FRN block letters, $1 SC, U.S. obsolete. John Q. Member, 000 Last St., New York, N.Y. 10015. (22 words; $1 ; SC; U.S.; FRN counted as one word each) 1970-ANA SOUVENIR SHEET-make reasonable offer if you can use it. Lou Sakai, Rt. 1, Waverly, Ohio 45690 RADAR AND REPEATER Notes Wanted: ( need many different Blocks, specially star notes. Will buy or trade. $1 and $2 FRN's only. All letters answered. Bob Azpiazu, Jr., P.O. Box 1433, Hialiah, Florida 33011 (76) WANTED: STOCK CERTIFICATES and bonds-all types-any quantity. Please write-I'm eager to buy! Ken Prag, Box 431PM, Hawthorne, California 90250 (74) NEW JERSEY OBSOLETE (Broken Bank) notes, sheets, scrip and checks wanted for my collection. I have some duplicates for trade. John J. Merrigan Jr., 2 Alexandria Drive, East Hanover, N.J. 07936 (79) WANTED DELAWARE LARGE and small size National Bank Notes also Lazy Two's any state. Write with full description and price, or trade interest. All inquiries answered. S.C. Michaels, P.O. Box 571, Quakertown, PA 18951 (71) WANTED RUSSIA PAPER money issued from 1769 till 1896 inclusive. Submit list indicated denomination, year of issue, condition and price desired, or ship note registered for our offer. Byckoff, Box 786, Bryte, California 95605 (70) MISSOURI CURRENCY WANTED: Large-size Nationals, obsolete notes and bank checks from St. Louis, Maplewood, Clayton, Manchester, Luxemburg, Carondelet and St. Charles, Ronald Horstman, Rt. 2, Gerald, MO 63037 (74) WANTED: GEORGIA OBSOLETE currency, scrip. Will pay fair prices. Especially want-city, county issues, Atlanta Bank, Bank of Athens, Ga., R.R. Banking, Bank of Fulton, Bank of Darien, Pigeon Roost Mining, Monroe R.R. Banking, Bank of Hawkinsville, La Grange Bank, Bank of Macon, Central Bank Miledgeville, Ruckersville Banking Co., Bank of St. Marys, Bank of U.S., Central R.R., Marine Bank, Cotton Planters Bank. Many other issues wanted. Please write for list. I will sell duplicates. Claud Murphy, Jr., Box 921, Decatur, GA 30031. (73) Paper Money MORMON-SCOUT-OLD newspapers-documents wanted. Large quantities only. Harry L. Strauss, Jr., Box 321, Peekskill, NY 10566 (74) LOW NUMBERED $5 FRN 1974 Block F-D. All notes CU and under F00000200D. Would like to trade for my wants. Bob Azpiazu, Jr., P.O. Box 1433, Hialeah, Florida 33011 (75) WANTED WELLS FARGO 2nd competitor banks, fiscal documents, Certificates of Deposit, Bills of Exchange, Sight Drafts, checks. Anything to do with California gold rush. Steve Meier, 135 E. Lomita Blvd., Carson, CA 90745 (73) LARGE STAR NOTES wanted: F-92, F-119, F-120, F-257, F-303, F-321, F-322, any Gold Certificate*-B. Doug Murray, 326 Amos Avenue, Portage, Michigan 49081 (71) SMALL STAR NOTES wanted: Any with eight (8) identical digits, any $2 FRN with serial 00000474. Doug Murray, 326 Amos Avenue, Portage, Michigan 49081 (71) COLORADO AND CHICAGO area 1929 nationals wanted. Have over 200 nationals (large and small) to trade or will buy. Send for lists. John Parker, P.O. Box 3004, Denver, Colorado 80201 (71) WANTED PLATE INITIALS in margins of US paper money. Will buy, trade, and swap information. Samuel Smith, 407 Lincoln Road 7B, Miami Beach, FL 33139 (70) SMALL SIZE NATIONALS wanted. Any state. Write first, all letters answered. Frank Bennett, 6480 NW 22 Court, Margate, FL 33063 (72) FRACTIONAL TYPE NOTES wanted in superb condition; 1st and 2nd issues, Spinners, Fessenden, Justice and Meredith, green seal. Henry Schlesinger, 415 East 52nd St., New York, NY 10022 (73) COUNTERFEIT FOREIGN CURRENCY wanted, both banknotes and coins. Obsolete only. Doug Watson, P.O. Box 127, Scandinavia, W1 54977. WANTED: THE FOLLOWING notes of Guatemala. La Tesoreria National De Guatemala. Pick Nos. 1 thru 5. Banco Agricola Hipotecario. Pick Nos. 7, 10, 11. Please write stating price and condition. Thanks. Bob Rice, 1246 Vinton Ave., Memphis, IN 38104 FREE PRICE LIST of U.S. obsolete banknotes and merchants scrip. Charles E. Straub, P.O. Box 200, Columbia, CT 06237. (71) STOCK CERTIFICATES, BONDS, U.S., foreign. 1 to 1,000,000 wanted. Describe, give quantity available, asking price. Clinton Hollins, Box 112, Dept. J24, Springfield, VA 22150 (75) STOCK CERTIFICATES, 12 different $2.95, 50 different $14.95. Old checks, 24 different $2.90, 100 different $14.90. List 250. Hollins, Box 112, Dept. J23, Springfield, VA 22150 (75) 8-PAGE price-list $1. Wanted to buy or trade CU or circulated short-run FRN serials over 99840000 also $2 stars and error notes. James Seville, Drawer 866, Statesville, NC 28677 (73) WANTED: Books, auction catalogs, documents, back issues of "Paper Money" and other publications related to US Large, Small, Fractional and Obsolete currency. Also interested in purchasing various US Banknotes. Write to Jerry Lewicki, Box 372M, Rochester, New York 14602. (71) WANTED NEW YORK state nationals, large and small. Also buying other states. Describe and advise price. Have numerous nationals and other notes to trade. Michael Robelin, P.O. Box 172, Plainview, New York 11803 (70) rktoopi Mi*IINNIS 4xmoNAL W0 'VA RENOWER OCT 1st Because (heti. the next 49 DE4DUNE Page 245 STILL "KING" of FDIs! $2.00 C.U. Jefferson original cancellations with set of (3) "Spirit of 76" commemorative stamps affixed. $3.95 each. Michael Robelin, P.O. Box 172, Plainview, New York 11803 (70) Whole No. 70 SET OF (50) C.U. $2.00 legible FDIs with different commemorative state flag stamps affixed in sequence of statehood entry. Sale priced $195.00! Satisfaction guaranteed! Trades for your nationals considered. Michael Robelin, P.O. Box 172, Plainview, New York 11803 (70) WANTED OBSOLETE CURRENCY of the Merchants and Planters Bank of Savannah, Georgia. Please describe and price in first letter. Gary Hacker, 2710 Overhill Road, Pekin, IL 61554 (73) WANTED DELAWARE LARGE and small size National Bank Notes also Lazy Two's any state. Write with full description and price, or trade interest. All inquiries answered. S.C. Michaels, P.O. Box 27, Maple Glen, PA 19091 (71) TRADE MY CHOICE of $1.00 notes plus U.S. Silver for your $1.00 star notes. Write what you have and want. Linn, Box 2762, Casper, WY 82602 CONFEDERATE NOTES AND BONDS, Southern States and Obsolete notes for sale. Our latest list available for large SASE. We want to buy also! Ann & Hugh Shull, 246 McDonnel Sq., Biloxi, MS 39531 (73) WANT TOMS RIVER New Jersey: The Delaware and Hudson Bank. Also other Toms River obsoletes, National, scrip, and checks before 1930. Will buy or trade. Bob Mitchell, 2606 Lindell St., Silver Spring, MD 20902 WANTED: GILLESPIE NATIONAL BANK, Gillespie, Illinois, Charter Number 7903 notes. Large or small size, any denomination, any condition. Robert Gillespie, 433 Surrey Dr., Lancaster, PA 17601 (73) BANKNOTE COLLECTORS OUR STOCKS OF LLITI0tCi 11211042t SCARCITIES & RARITIES ARE THE LARGEST IN THE WORLD WRITE NOW FOR OUR COLLECTORS LISTINGS David Kimble do Co 38 CLYDE ROAD, CROYDON, SURREY, U.K. TEL:01-656 2219 & 01-657 7543 Historical • Documents • Cheques ° Shares British • Colonial • Banknotes Foreign Banknotes WANTED: CONFEDERATE CURRENCY. I am an active buyer who appreciates fine quality material. I am also very interested in purchasing Slave Bills of Sale and other related documents. Wayne T.Hahn, 2719 Morris Ave., Bronx, N.Y. 10468 (75) CAPITAL COLLECTORS CUE Those who collect National Bank Notes by state capitals had a chance to upgrade their collections considerably during the Hickman & Oakes mail sale. One of the nicer examples was a Series 1875 $20 on The New York N.B., Albany. Grading fine and described as "The only First Charter Period note we've seen from this bank," the specimen brought $375. TWO FROM TROY The city of Troy, Alabama, was well represented in the recent Hickman & Oakes mail bid sale of National Bank Notes. Both of Alabama notes offered in the sale were on Troy banks. A VF Red Seal $20 on The Farmers and Merchants N.B. sold for $600 while a fine Date Back $5 on that city's First N.B. went for $239.25. 4ft r. Veleynia egiviet tilic/ney MY LATEST CATALOG, "CONTINENTAL 1 COLONIAL PAPER MONEY., WILL BE AVAILABLE IN EARLY AUGUST. THIS INTERESTING AND INFORMATIVE LIST WILL CONTAIN A LARGE GROUPING OF REASONABLY PRICED AND CONSERVATIVELY GRADED NOTES. ALSO, A FANTASTIC COLLECTION OF NEW JERSEY COLONIAL CENTS AND OTHER CHOICE COLONIAL COINS WILL ROUND OUT THIS OFFERING. RESERVE YOUR CATALOG NOW BY SENDING 50C IN STAMPS OR COIN TO HELP COVER POSTAGE COSTS, REFUNDABLE WITH YOUR ORDER. MEANWHILE, WHY NOT WRITE ME ABOUT YOUR PARTICULAR WANTS- I MAY BE ABLE TO HELP. Norman W Pullen p.o. box 145 so.easco,maine 04077 SEE US AT OUR BOURSE TABLE AUGUST 22-28, FOR THE GREAT ANA CONVENTION IN ATLANTA, GEORGIA. 207.892.3777 WANTED= OBSOLETE ENGLAND atiRRENCY —NOTES CIRCA 1790-1865 FOR PERSONAL COLLECTION— I would like to purchase for my personal collection obsolete currency of the New England states. My interests cover broken bank notes of all denominations, scrip, proofs, sheets, and related material of the years from about 1790 to 1865. I am not looking for bargains or special favors. 1 am seriously collecting these and am willing to pay current market prices for notes I can use .. . Presently, I have about 2,000 different items, including plate letter variations, of the six New England states: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. If you're a dealer and will make use of it, drop me a note and I'll send you my rather bulky "have list" which tells what I presently own — so you can ship or quote any items not on the list. If you're a collector or if you have just a few New England notes, let me know what you have and I'll either make a quick purchase decision if you price them, or, if you prefer, I will make you a cash offer. I am also very interested in New England bank history of the period and desire counterfeit detectors, bank note reporters, vignette and advertising sheets and books from bank note companies (whether or not they are located in New England), bank ledgers and records, and any other ephemera directly or tangentially related to my collecting interest. All inquiries and correspondence will be answered. Have some obsolete New England currency — one piece or an entire collection — for sale? Telephone or write. You'll be doing both of us a favor. I look forward to hearing from you! (lc DAVID BO** ERS Box 1669 Beverly Hills, California 90210 Tel. (213) 466-4595 weekdays Page 246 Paper Money MARYLAND Si. Baltimore Real Estate Savings Institution Small piece gone from right end. 25¢ Baltimore Savings Institution. 1840 $1. Same. 1841 $5. Bank of Maryland, Baltimore. 1832 25¢ Patapsco Savings Fund, Baltimore. 1840 $1. Same. Ragged edges. 1840 $5. Allegany County Bank, Cumberland. 1859 red ends. A673 $5. Same. A639 1860 $20. Elkton Bank of Maryland. 1826 $5. Chesapeake & Ohio Canal Co., Frederick. 1841 C231 $20. Same. C244 $3. Susquehanna Bank. Port Deposit. 1837 TO BE CONTINUED FINE $9.00 VG $15.00 FINE $12.00 VG $13.50 FINE 510.00 VG $9.00 VG $39.00 AU $7.50 VG $24.50 CU $12.00 XF $9.00 FINE $21.50 ORDERING INSTRUCTIONS 1-All material guaranteed as described. Seven day return privilege included. 2-All orders mailed insured at no additional cost. 3-Phone calls will reserve notes. 6-10 PM EST only. 4-All personal checks must wait to clear. Money orders & cashiers checks for immediate shipment. Buying: All obsolete currency, large type notes, large and small national currency. ARMAND SHANK, JR. BOX 233, LUTHERVILLE, MD. 21093 301-666-7369 EVENINGS ONLY Whole No. 70 OBSOLETE CURRENCY ALABAMA Si. State Note. CR#1 25¢ State Note CR#7 $1. Eastern Bank of Ala., Eufaula. Si. Mobile Savings Bank. May 1862 Si. Farmers Bank of Ala., Montgomery. F60 $5. Wetumpka & Coosa RR Co. Wetumpka. Small chink at bottom and some staining. ARKANSAS S5. State Note. CR#48B S5. State Note. CR#50B S10. State Note. CR#54, 54A, 56A, 58. Each 10¢ City of Camden. Oct. 1869 Sl. M. & W.H. Mayers, Fort Smith City, Jan. 9, 1862. Redeemable in Van Buren, Ark., Fayetteville, Ark., and Ft. Gibson (Cherokee Nation) 5¢ Gem Billiard Parlor, Little Rock. Early 1900's? 1¢, 2, 5, 10, 25, 50¢ trade coupon. J.W. Reynolds, Smackover. Uncirculated. 1900's set. CONNECTICUT Si, 2. 5. Eagle Bank, New Haven. Each S50. Union Bank in New London. Wismer #444 DISTRICT OF COLUMBIA $2. 5. Bank of Anacastia. Aug. 1, 1854 Each 10¢ 25¢ 50¢ Bullion Bank. Dec. 2, 1862 Each $2. Bullion Bank. July 4, 1862. Beautiful Orange. S1, 3. Citizens Bank. 1852 Each $1. City Bank. 1852 Small corner gone. $1. Commercial Bank of Washington City. $1. Farmers & Merchants Bank, Georgetown $2., 3. Same. Each $1. 2. 5. Mechanics Bank, Georgetown Each $3. Merchants Bank. July 1, 1852 $1. Merchants Exchange Bank. 1852 $1. 2. 3. 5. Metropolitan Bank Each $5. Potomac River Bank, Georgetown Sl. Potomac Savings Bank. $1. United States Bank. 1852 $5. Bank . 1 the Union. 1851 FLORIDA 50¢ State Note. CR#20 10¢ State Note. CR#30B S5. Bank of West Florida., Appalachicola GEORGIA 25¢, 50¢ Western & Atlantic Railroad, Atlanta. Each S5. Bank of the State of Ga., Athens. A730 $1. Bank of Augusta. A715 $2. Same. $4. Same. A730 $2. 5. Mechanics Bank, Augusta. M421, M429 Each $50. Same. M449 Edges rough. $10. Union Bank, Augusta. $10. County of Merriwether, Greenville. Piece gone from left end. Jan. 1, 1863 51. 2. Macon & Brunswick RR Co. Feb. 1, 1867 Punch Cancel. Each 5, 10, 25, 50¢ Walker Iron & Coal Co., Rising Fawn. Jan. 1, 1863 $5. Timber Cutters Bank, Savannah. T198 ILLINOIS $5. Lafayette Bank, Bloomington. 1859 $3. Bank of Chicago. Seth Paine & Co. $5. Crosby Opera House, Chicago. 1866 CU $15.00 C. UNC. $13.50 VG/F $12.00 VG $9.50 VG/F $12.00 VG $9.00 FINE $12.00 VG $8.00 A. UNC. $15.00 VG $9.50 VG S8.25 VG $15.00 GOOD $6.00 GOOD $11.00 GOOD $9.00 FINE $7.50 FINE $6.00 FINE $8.25 GOOD $29.00 GOOD $75.00 VF $11.00 VG/F $12.50 A. UNC. $8.00 Page 24 7 $5. Dixon Hotel Co., Dixon. CU $39.00 $2. Grayville Bank, Grayville. G489 Parts Missing. GOOD $19.00 A. UNC. $3.00 $l. State Bank of Ill., 5420 VG $9.00 UNC. $2.25 INDIANA VG $11.00 $1. Hartford Exchange Bank. 1858 VG $12.00 FINE $24.50 $1. State Bank, Mt. Vernon. 1858 Hole GOOD $20.00 VF $9.50 $1. Ft. Wayne & Southern RR Co., Muncie. 1854 FINE $9.50 KANSAS $2. Kansas State Savings Bank. Corner missing. GOOD $65.00 KENTUCKY $5. Farmers Bank of Kentucky, Frankfort. F73 CU $15.00 $50. Bank of Kentucky, Frankfort. April 9, 1814. Written denomination. Very rare. FINE+ $79.00 $5. 10. Frankfort Bank, F644, F651 Each CU $7.00 $1. Northern Bank of Kentucky, Lexington GOOD $9.50 $1. Same. Different Note., Richmond. N480 FINE $14.00 $5. Southern Bank of Kentucky, Russelville. 1852 S259 FINE $14.00 LOUISIANA $50. State Note. CR#12 VG $7.50 S20. Parish of Concordia, Vidalia. P453 Corner tip gone. CU $10.00 $2. C.W. Holt, New Orleans. Jan. 1, 1862 H284 VG $17.50 50¢ Patterson Iron Works, New Orleans. P1415 VG $19.50 $100. City of New Orleans, Municipality No. 1 C496 Unused. CU $32.50 $100. Same. C508 But green reverse. Some aging. CU $32.50 $200. Same. C521 CU $65.00 MAINE $20. New England Bank, Fairmount. 1857 N256 CU $15.00 $1. Frankfort Bank. 1832 FINE $15.00 $1. Searsport Bank. S305 CU $12.00 $23.50 GOOD/VG 85.00 UNC. 819.00 VG $4.00 FINE $7.50 FINE S13.50 VG $9.50 FINE $8.00 VG $3.00 CU $13.50 CU $13.50 VGF $3.00 VG $9.00 FINE $6.00 GOOD $39.00 GOOD $24.50 C. UNC. $8.00 ea. S30.00 set VF $12.00 XF S65.00 FINE $49.00 VF $16.50 ,hem jer5ep National Bank Currency We are interested in small and large nationals of these towns in Bergen county: Allendale Bergenfield Bogota Carlstadt Cliffside Park Closter Dumont Engelwood Edgewater Fairview Fort Lee Garfield Glen Rock Hackensack Hillsdale Leonia Little Ferry Lodi Lyndhurst North Arlington Palisades Park Park Ridge Ridgefield Ridgefield Park Ridgewood Rutherford Ramsey Teaneck Tenafly Westwood Wyckoff West Englewood Cattail Coin extbange 3tu. ANA LM 709 PH. 201-342-8170 72 Anderson Street Hackensack, N.J. 07601 P.O. Box 143 Waukesha, Wisc. 53186 Society Certified Professional Numismatists Universal Numismatics Corp. FLOYD 0. JANNEY LM No 415 (70)SCNA 246 McDonnell Sq. Biloxi, Miss. 39531 1601) 432-1902 SPMC PMCM ANA Collector/Dealer Since 1935 SPMC #38 WANTED Large-Size Wisconsin National Bank Notes WANTED!! CONFEDERATE &SOUTHERN STATES NOTES We want to buy C.S.A. notes and bonds, Southern states and obsolete currency banknotes, Also want books related to same. Please write and describe what you have to 'offer. We need your material so please contact us before you sell! ANN & HUGH SHULL Page 248 Paper Money Texas Obsoletes CR.f Denom. Description Condition Price A-1 1$ Republic of Texas VF,c/c $20.00 A.3 3$ Republic of Texas VF,c/c 55.00 A-6 20$ Republic of Texas VF,c/c 12.50 A.7 50$ Republic of Texas AU,c/c 17.50 A-8 100$ Republic of Texas E F ,c/c 55.00 AW-3 25S City of Austin, Naval Approp. VF,c/c 90.00 AW-3 25$ City of Austin, Naval Approp. EF 125.00 C-3 50$ Republic of Texas F, tape repair 20.00 H.14 1$ Government of Texas VG , ,c/c 195.00 H-15 3$ Government of Texas VG/F 195.00 H-16 5$ Government of Texas VF,c/c 62.50 H-17 5$ Government of Texas VF,c/c 12.50 FI-17 10$ Government of Texas Houston sig. F,c/c 15.00 H-17 10$ Government of Texas Houston sig. EF,c/c 25.00 H-19 20$ Government of Texas F, uncut 12.50 H-19 20$ Government of Texas AU,c/c 25.00 H-21 50$ Government of Texas VF,c/c 12.50 H-21 50$ Government of Texas F,uncut 15.00 H-21 50$ Government of Texas Houston sig. EF,c/c 25.00 1 1$ Treasury Warrant, Military Service F 8.00 1 1$ Treasury Warrant, Military Service EF 12.00 2 1$ Treasury Warrant, Civil Service F 8.50 4 1$ Treasury Warrant, Civil Service EF 12.50 5 1$ Treasury Warrant, Military Service F 25.00 6 1$ Treasury Warrant, Civil Service F 50.00 7 2. 50$ Treasury Warrant, Military Service F 20.00 70 2. 50$ Treasury Warrant, Military Service VF 25.00 8 2. 50$ Treasury Warrant, Civil Service V F 22.50 11 5$ Treasury Warrant, Military Service EF 14.00 CR1 Denom. Description Condition Price 12 5$ Treasury Warrant, Civil Service VF 12.00 12a 5$ Treasury Warrant, Civil Service EF 14.00 15 55 Treasury Warrant, Civil Service F 45.00 15b 5$ Treasury Warrant, Military Service EF 35.00 16a 5$ Treasury Warrant, Civil Service EF 35.00 'I6b 5$ Treasury Warrant, Civil Service EF 45.00 17 10$ Treasury Warrant, Military Service VF 12.50 17 105 Treasury Warrant, Military Service UNC 18.00 18 10$ Treasury Warrant, Civil Service VF 14.50 18 10$ Treasury Warrant, Civil Service UNC 20.00 21 10$ Treasury Warrant, Military Service EF 75.00 215 10$ Treasury Warrant, Military Service VF 65.00 22a 10$ Treasury Warrant, Civil Service VF 75.00 23 20$ Treasury Warrant, Military Service F 20.00 26 20$ Treasury Warrant, Civil Service EF 15.00 26 20$ Treasury Warrant, Civil Service UNC 20.00 27 20$ Treasury Warrant, Military Service VF 65.00 27b 20$ Treasury Warrant, Military Service VF 75.00 286 20$ Treasury Warrant, Civil Service AU 95.00 31 50$ Treasury Warrant, Military Service EF 25.00 41 2$ Treasury Warrant, Military Service F,c/c 40.00 41 2$ Treasury Warrant, Military Service VG 30.00 42 2. 83$ Treasury Warrant, Civil Service EF 50.00 43 125$ Treasury Warrant, Military Service EF 70.00 44 28. 945 Treasury Warrant, Civil Service AU 70.00 46 105$ Treasury Warrant, Civil Service EF 75.00 N/L 1. 50$ Limestone County F 95.00 N/L 2$ Washington County script UNC 17.50 N/L 3$ Washington County script UNC 22.50 N/L 504-15-25-35 As above uncut sheet of 4 UNC 60.00 Orders under $100.00 add postage and insurance; over $100-post paid. Deduct 10% for orders exceeding 100.00; 15% over 200.00. Your satisfaction essential or refund. Calif. residents add 6% tax. Other hits: Southern State Obsoletes; Eastern, Mid-West, Western Obsoletes: U.S. Fractional-enclose 13d SASE and indicate collecting interest and conditions desired. Donald E. Embury P.O. BOX 61 SPMC 3791 WILMINGTON, 90744 STANDARD CATALOG OF WORLD PAPER MONEY THE ONE VOLUME LIBRARY FOR PAPER MONEY COLLECTORS STANDARD CATALOG OF WORLD PAPER MONEY, IOLA, WI 54945 •Austria complete from 1759 • Belgium complete from 1826 • China's foreign bank issues • France, in- cluding assignats, com- plete from 1701 • Mexico peso notes by series • 704 pages • 271 countries •Covers from 1850 through 1976 • Completely revised valuations • Detailed de- scriptions of designs • Over 23,000 notes listed by date •Over 5,000 original photographs. ONLY $17.50 order from your favorite coin dealer or book store. Or, order direct from the publisher. We'll pay the postage. Every collector should own at least one catalog on paper money. And this should be the one! The Standard Catalog of World Paper Money, au- thored by Albert Pick, is loaded with paper money facts for you. The content of this second edition has been increased by 25%. And high quality paper has been used to achieve the best illustrations. Every series has been updated and the catalog format has been simplified to make it easier for you to identify denominations and var- ieties. Name Address City State account no. bank no. PM10MAIL TO: Krause Publications, Inc. STANDARD CATALOG OF WORLD PAPER MONEY 700 E. STATE ST., IOLA, WI 54945 Please send me copies of the 1977 edition of the STANDARD CATALOG OF WORLD PAPER MONEY at $17.50 per copy postpaid. ) Enclosed is my payment of $ master Charge ) Please charge to my Master Charge Account. order now! Mo. YrL expiration date Signature Zip _J announcing the 1977 edition FOR SALE CURRENCY FOR SALE U.S.A. LARGE & SMALL SIZE CURRENCY INCLUDING: NATIONAL CURRENCY OBSOLETE CURRENCY RADAR & FANCY SERIAL NUMBER NOTES "ERROR" NOTES & OTHER TYPES LARGE MAIL LISTING AVAILABLE FOR A LARGE-SIZE, SELF-ADDRESSED STAMPED ENVELOPE 10-DAY RETURN PRIVILEGE YOUR SATISFACTION GUARANTEED ROBERT A. CONDO P.O. BOX 305 — DRAYTON PLAINS, MI 48020 BOB MEDLAR BETTY MEDLAR WHEN BUYING OR SELLING! Whether it's rare U.S Currency, ObsolPtes Bank Notes, Texas Documents, etc., we'll bP happy to provide quotes or arrange to include your material in any of our auctions Beside the Alamo Valet* RARE COINS AND CURRENCY 41 220 Alamo Plaza San Antonio, Texas 78205 Call us at (5121 226-2311 We Also Want Uncut Sheets of Kansas Nationals WANTED KANSAS NATIONALS TYPE NOTES WANTED Any Original Series $10 V.G. or better pay . . . 700 Any Original Series $20 V.G. or better pay . . . . 900 Any Series of 1875 850 V.G. or better pay . . .2500 Any Series of 1875 $100 V.G. or better pay . . .2500 Any Brown Back $100 V.G. or better pay 900 Any 1882 Dated Back $50 V.G. or better pay . .1000 Any 1929 Type H $50 V.G. or better pay 700 CHARTER NUMBERS WANTED We will pay 8350 for any of the following Charter Numbers, any type in VG or better. #1448 #3066 #3521 #3706 #3833 #6326 #1732 #3090 #3524 #3726 #3835 #6333 #1828 #3108 #3531 #3737 #3844 #6392 #1838 #3148 #3542 #3745 #3852 #7218 #1913 #3194 #3559 #3748 #3853 #7412 #1927 #3199 #3563 #3751 #3861 #7535 #1957 #3213 #3564 #3756 #3880 #8107 #2001 #3249 #3567 #3758 #3888 #8308 #2192 #3265 #3569 #3759 #3900 #8339 #2427 #3277 #3577 #3769 #3928 #8357 #2538 #3360 #3594 #3775 #3963 #8525 #2640 #3384 #3596 #3776 #3970 #8974 #2809 #3386 #3612 #3787 #3992 #9097 #2879 #3394 #3630 #3790 #4032 #10902 #2954 #3431 #3649 #3791 #4036 #11047 #2973 #3440 #3657 #3795 #4150 #11154 #2990 #3443 #3658 #3803 #4288 #11887 #3002 #3473 #3667 #3805 #4317 #14163 #3018 #3509 #3695 #3807 #4619 #3035 #3512 #3703 #3812 #6072 There are many other Kansas Nationals that we are interested in other than those listed above. If you have any Kansas Na- tionals for sale, please write giving the charter number, type and Friedberg numbers. Please price all notes in your first cor- respondence as we will not make offers. If you are selling rare Kansas Nationals elsewhere you are not getting top dollar. JOE FLYNN kJ, RARE COINS INC. P. O. BOX 3140 • 2854 W. 47TH STREET KANSAS CITY, KANSAS 66103 PHONE 913-236-7171 Page 250 Paper Money •- LOOK FOR -• THESE FACES BOOKS and SUPPLIES GET ACQUAINTED SPECIALS!! Criswell's Confederate and Southern State Currency $8.95 Friedberg's U.S. Paper Money $12.50 Newman's Early Paper Money of America $13.50 O'Donnell's Modern Handbook of U.S. Paper Money $9 95 Pick's World Paper Money $12.95 Valentine's U.S. Fractional Currency. (Reprint) $9.95 Acetate Currency Holders 100 500 1000 SMALL $7.29 $34.50 $67.00 MEDIUM $7.99 $36.95 $69.95 LARGE $8.49 $39.95 $74.95 RAYMOND G.WASOSKY Box 6 Dept. P McKean, Penna. 16426 OVIF,R T1- R] IF: DIF,CAD As America's Largest Dealer in Obsolete Currency Means Very Simply That .. . OMER CBE CAN HELP YOU BUY OR SELL! ELL Whole No. 70 Page 251 THERE COMES A TIME.. . .when every collector decides to thin out or liquidate his collection. Parting with memorable and interesting material is never easy, and in most cases the collector will not ever know the new owner of his material. Selling or auctioning to "unknown parties" until now was about the only choice he had. Now there is a better choice! Your material can be integrated into the largest active collection of New England obsolete notes being assembled today. Your material will still remain available for exhibit and research purposes. Selling your collection or duplicates to someone who knows and appreciates that material is the better choice! Paying generously for nice material. Please contact me. I know you will be glad you did! Specializing in obsolete and broken bank notes and scrip of the New England States. Duplicates for sale or trade—will send on approval. C. JOHN FERRERI P. 0. BOX #33, STORRS, CONN. 06268 A.N.A. 1-203-429-6970 SPMC If you are not on our mailing list, write today for your free copy of our latest 48 Page offering of notes, and send us your WANT LIST. CONFEDERATE AND SOUTHERN STATES CURRENCY LATEST EDITION (1976), (Autographed if You Wish) Revised, 300 Pages, Hard Bound. $15 ( Phone AC 904 685-2287) CRISWELL'S CITRA, FLA. 32627 SELL HARRY YOUR MISTAKES Harry wants to buy Currency Errors Also Interested in Buying Nationals ... Large and Small size Uncut Sheets Red Seals Type Notes Unusual Serial numbers HARRY E. JONES PO Box 42043 Cleveland, Ohio 44142 216-884-0701 SMALL SIZE MINNESOTA NATIONAL CURRENCY WANTED CANBY, 1st Nat. B. #6366 COLD SPRING, 1st Nat. B. #8051 • COTTONWOOD, 1st Nat. B. #6584 • DEER RIVER, 1st Nat. B. #9131 GRAND MEADOW, 1st Nat. B. #6933 HENDRICKS, 1st Nat. B. #6468 KERKHOVEN, 1st Nat. B. #11365 • LANESBORO, 1st Nat. B #10507 • MADISON, 1st Nat. B #6795 • MANKATO, Nat. B. Commerce #6519 Mcl NTOSH, 1st Nat. B. #6488 MINNESOTA LAKE, Farmers Nat. B. #6532 • OSAKIS, 1st Nat. B. #6837 PARK RAPIDS, Citizens Nat. B. #13392 • PIPESTONE, Pipestone Nat. B. #10936 • SAUK CENTER, 1st Nat. B. 3155 • WENDALL, 1st Nat. B #10898 Those notes with dots indicate large size notes for trade. JOHN R. PALM 6389 ST. JOHN'S DRIVE EDEN PRAIRIE, MINN. 55343 Page 252 Paper Money FLORIDA NOTES WANTED ALL SERIES Also A Good Stock Of Notes Available P. 0. BOX 1358. WARREN HENDERSON VENICE, FLA. 33595 WANTED OBSOLETE PAPER MONEY (Bank Notes, Script, Warrants, Drafts) of the AMERICAN WEST Oregon, California, Idaho, Nevada, Arizona, Utah, Montana, New Mexico, Colorado, Dakota, Deseret, Indian, Jefferson Territories! Cash paid, or fine Obsolete Paper traded. Have Proof notes from most states, individual rarities, seldom seen denominationals, Kirtlands, topicals; Colonial, Continental; CSA, Southern States notes and bonds. Also have duplicate Western rarities for advantageous trade. JOHN J. FORD, JR. P.O. BOX 33, ROCKVILLE CENTRE, N.Y. 11571 't; SMALL-SIZE MASSACHUSETTS NATIONAL CURRENCY WANTED #1386 Abington #462 Adams #4562 •Adams #1049 Amesbury #2172 Athol #3073 Ayer #969 Beverly #684 Milton-Boston #11347 Braintree #11270 Chelsea #14087 Chelsea #7452 Danvers #7957 Edgarton #490 •Fairhaven #9426 Foxboro #14266 Haverhill #13395 Hyannis #4774 Ipswich #1329 •Lowell #697 Lynn #1201 •Lynn #268 Merrimac #866 •Milford #13835 Millbury #383 Northampton #1279 Northbourgh #5964 •Pepperell #1260 •Pittsfield #4488 Reading #934 Southbridge #2288 Spencer #2435 •Springfield #1170 •Stockbridge #947 Taunton #688 Waltham #2312 Webster #13780 Webster #769 •Whitinsville #4660 Whitman #11067 •Woburn #14033 Woburn Those notes with dots indicate large size notes for trade. JOHN R. PALM 6389 St. John's Drive Eden Prairie, Minnesota 55343 RHODE ISLAND OBSOLETE NOTES 1.00 R.I. Union Bank, 1853. Plain. V.F. . .. $17.00 1.00 R.I. Union Bank, 1856. Red ONE. V.F. . 17.00 1.00 R.I. Union Bank, 1860. Green ONE. V.F. 17.00 5.00 Hamilton Bank, 1840. Fine 10.50 1.00 Tiverton Bank, 1857. V.F. 8.00 2.00 Tiverton Bank, 1857. V G. 5.00 3.00 Tiverton Bank, 1856. V.G. 8.50 2.00 Franklin Bank, 1821. Unc. 22.00 1.00 Bank of Republic, 1855. V.F 7 00 5.00 Bank of Republic, 1855. X F 8.00 10.00 Bank of Republic, 1855. Fine 9.00 lAt Perry Davis & Son, 1854. Mended, V.F. . 18.00 5.00 Burrillville Bank, 1832. V F. 8.00 10.00 R.I. Central Bank, 1855. Fine 9.00 3.00 N. Eng. Commercial Bank, u/s. Unc 6.00 1.00 Farmers Exchange Bank, 1808. V F 10 00 5.00 Farmers Exchange Bank, 1808. A.U. . . . 13.00 10.00 Farmers Exchange Bank, 1808. A.U. . .. 13.00 5.00 Merchants Bank in Prov., 1828. X.F. . . . 16.00 50.00 Warwick Bank, u/s. Unc 15.00 5.00 Union Bank, 1856. Fine 8.00 Notes of most states in stock. Send want lists for colonial, Continental, obsolete ans scrip. RICHARD T. HOOBER P.O. Box 196, Newfoundland, Penna. 18445 Whole No. 70 Page 253 NATIONAL CURRENCY 1902 $20 #4137 Marinette, WI VG/F 45.00 1902 S5 #474 Greenfield, Mass VG 35.00 1902 810 #W3450 Trinidad, Colo VF 250.00 1902 $10 #461 Cobleskill, NY VF 120.00 1902 $10 #P10083 Boise, Idaho Fine 165.00 1902 $5 #2532 El Paso, Texas VF/XF 57.50 1902 $10 #W3746 Leadville, Colo D/B VF/XF 350.00 1929 $10 #4446 Port Huron, Mich F/VF 45.00 1929 $20 #3355 Yakima, Wash Fine 47.50 1929 $20 #3417 T2 Tacoma, Wash. XF/AU 65.00 1929 $20 #9207 Littlestown, Pa XF/AU 57.50 1929 $20 #912 Manheim, Pa VF/XF 57.50 1929 $10 #3001 Stevens Pt, Wi F/VF 57.50 1929 $10 #3072 Clay Center, Ks VG 67.50 1929 $20 #3778 Chippewa Falls, Wi VG 85.00 1929 $20 #4301 Corvallis, Or VG 95.00 1929 $10 #8104 Colville, Wash AU 335.00 1929 $20 #3161 Darlington, Wi VF/XF 110.00 1929 $20 #64 Milwaukee, Wi VF 29.00 1929 $20 #6604 Oshkosh, Wi Fine 75.00 1929 $20 #7428 Cambridge, Minn VF 100.00 1929 $20 #13350 T2 Northfield, Minn XF (note #4) 125.00 Satisfaction guaranteed. Seven day return privilege. Bank cards welcome, please send the information as it appears on your bank card. Members ANA-SPMC. AURORA COIN SHOP 507 3rd Ave. #5-PM Seattle, Wash. 98104 206-283-2626 Fractional Currency selling: High quality and/or scarce notes, fully described and attributed. New list available on request, or send your want list. buying: Nice condition fractional and/or related material, etc. Write first, with description. Tom Knebl, ANA, SPMC, NASC, CSNA. Classic dept. P Box 5043 Santa Ana, Calif. 92704 Page 254 Paper Money WANTED First and Second Charter Notes from: CINCINNATI MADISONVILLE LOVELAND MOUNT WASHINGTON LOCKLAND Notes available for trade. I will purchase whole collections 10 get notes that I need. SPMC # 3240 WILLIAM P. KOSTER ANA #70083 8005 SOUTH CLIPPINGER DRIVE, CINCINNATI, OH 45243 Home: 513/561-5866 Office: 513/271-5100 GWYNNE & DAY REPRINTED We are pleased to announce that we are reprinting a number of reference books for obsolete paper money collectors. The first of these is THE DESCRIPTIVE REGISTER of GENUINE BANK NOTES by Gwynne & Day 1859. This book gives descriptions of over 9000 different bank notes from 31 States & territories plus 24 Canadian banks. It identifies notes that are known to have been counterfeited. Also the active. (or current) banks in each State or Territory are listed. This book is a must for Obsolete Bank Note Collectors. THE DESCRIPTIVE REGISTER of GENUINE BANK NOTES by Gwynne & Day 1862 - Available May 1977 $15.00* OTHER BOOKS WE ARE PUBLISHING HODGES AMERICAN BANK NOTE SAFEGUARD - 1864 Lists of 9800 notes - Available September 1977 $15.00* DYE'S BANK NOTE DELINEATOR - 1855 Lists over 7500 notes - Available Spring 1978 Other titles will be announced later. All books are cloth bound. PENNELL PUBLISHING COMPANY P.O. Drawer 858 Anderson, South Carolina 29622 *S.C. residents add 4% S.C. sales tax. IFIVI REALLY UPSET BECAUSE I WILL NOT SEE YOU IN ATLANTA DUE TO THE UNFAIR ACTION OF MY FORMER GOOD FRIENDS ON THE A. N. A. BOARD. BUT BUSINESS AS USUAL AT UTICA (NOT AT ATLANTA) BUYING AND SELLING UNITED STATES PAPER MONEY MAILING CATALOGS IN JULY FOR DONLON'S SEPT. MAIL BID SALE SEND YOUR BIDS EARLY In event of tie high bids, first bidder is the winner at slight increase to break tie. $3.50 INCLUDES CATALOG AND PIRCES REALIZED AFTER SALE. ORDER YOURS TODAY! PAYING OVER CATALOG FOR MANY NATIONAL BANKNOTES SINGLE NOTES OR UNCUT SHEETS, ALL SERIES Send your duplicates or complete collection by registered mail, for best possible offer accompanied by check in full, sent subject to your complete satisfaction. If check is returned, your notes will be returned to you prepaid. SORRY! NO BUYING OR SELLING PRICE LISTS AT THIS TIME. ortm.„, WILLIAM P. DONLON o United States Paper Money and Paper Money Supplies. S.P.M.C. NO.74 P. 0. BOX 144 UTICA, NEW YORK 13503