Paper Money - Vol. XXIII, No. 3 - Whole No. 111 - May - June 1984

MAY/JUNE 1984 VOL. XXIII No. 3 WHOLE No. 111 NUMISMATIC AUCTIONS EXCITING SPIRITED STIMULATING VITAL ESSENTIAL Traditionally, auctions are the most successful way to sell your rare coins or currency. With over 330 sales, Kagin's has the ex- perience to obtain maximum results, whether for the rare and the unusual, the specialized, or the more popular. No other firm offers A.M. (Art) Kagin's 50 years' personal experience, the professional expertise of Dr. Donald H. Kagin, the first recipient of a Ph.D. in numismatics in the United States, and the specialized knowledge of the largest staff of profes- sional numismatists in the world. When you consign to a Kagin auction, accept the peace of mind from knowing that your collection will receive Kagin's personalized treatment. Kagin's offers consignors unlimited funds for cash advances of up to 50% of every consignment and immediate pre-grading and evaluation before any contracts are signed. Kagin's publicity is specially designed to enhance the competitive auction bidding spirit so necessary to a successful sale. The dramatic auc- tion catalog individually presents your material and is distributed to our established mailing list of active bidders, compiled over decades and built by confidence in Kagin's. A consignment to a Kagin's auction is your assurance of top prices for your collection. Look for our numismatic professionals at national and regional conventions, or call toll free to discuss your consignment with a Kagin's professional. Ask for the experts. SAN FRANCISCO DONALD H. KAGIN, Ph.D. Dr. GEORGE J. FULD RON HOWARD DES MOINES A.M. (ART) KAGIN DAVID T. ALEXANDER KURT L. LANGLAND SAN FRANCISCO DES MOINES NEW YORK One Market Plaza 26th Floor, Steuart St. Tower San Francisco, CA 94105 TOLL FREE 800 227-5676 In Calif. 800 652-4467 505 Fifth Avenue Suite 1000 Des Moines, IA 50309 TOLL FREE 800 247-5335 In Iowa 800 622-8289 305 Madison Avenue Suite 961 New York, NY 10165 TOLL FREE 800 221-3064 In NY 800 522-3004 ORDER YOUR MEMPHIS (I.P.M.S.) CATALOG TODAY-CALL 800 247-5335! Paper Money Whole No. 111 Page 113 ISSN 0031-1162 PAPER MONEY is published every other month beginning in January by The Society of Paper Money Collectors, 1211 N. DuPont Hwy., Dover, DE. Se- cond class postage paid at Dover, DE 19901. Postmaster; send address changes to: Paper Money, 1211 N. DuPont Hwy. Dover, DE 19901. © Society of Paper Money Collectors, Inc., 1984. All rights reserved. Repro- duction of any article, in whole or in part, without express written permis- sion, is prohibited. Annual Membership dues in SPMC are $12. Individual copies of current issues, $2.00. ADVERTISING RATES SOCIETY OF PAPER \IONL\' COLLECTORS Vol. XXIII No. 3 Whole No. 111 MAY/JUNE 1984 BARBARA R. MUELLER, Editor 225 S. Fischer Ave. Jefferson, WI 53549 414-674-5239 Manuscripts and publications for review should be addressed to the Editor. Opinions expressed by the authors are their own and do not necessarily reflect those of SPMC or its staff. PAPER MONEY reserves the right to edit or reject any copy. Deadline for editorial copy is the 1st of the month preceding the month of publication (e.g., Feb. 1 for March issue, etc.). Official Bimonthly Publication of The Society of Paper Money Collectors, Inc. IN THIS ISSUE SOCIETY FEATURES SPACE I TIME 3 TIMES 6 TIMES Outside Back Cover $72.00 $195.00 $367.50 Inside Front & Back Cover $67.50 $181.50 $345.00 Full Page $59.00 $158.00 $299.00 Half-page $36.00 $ 98.00 $185.00 Quarter-page $15.00 $ 40.00 $ 77.00 Eighth-page $10.00 $ 26.00 $ 49.00 To keep administrative costs at a minimum and advertising rates low, advertising orders must be prepaid in advance according to the above schedule. In the exceptional cases where special artwork or extra typing are re- quired, the advertiser will be notified and billed extra for them accordingly. Rates are not commissionable. Proofs are not supplied. Deadline: Copy must be in the editorial office no later than the first of the month preceding month of issue (e.g. Feb. 1 for March issue). Mechanical Requirements: Full page 42 x 57 picas; half-page may be either vertical or horizontal in format. Single column width, 20 picas. Halftones acceptable, but not mats or stereos. Page position may be requested but cannot be guaranteed. Advertising copy shall be restricted to paper currency and allied numismatic material and publications and accessories related thereto. SPMC does not guarantee advertisements but accepts copy in good faith, reserving the right to reject objectionable material or edit any copy. SPMC assumes no financial responsibility for typographical errors in advertisements, but agrees to reprint that portion of an advertise- ment in which typographical error should oc- cur upon prompt notification of such error. 4.... ._All advertising copy and correspondenceshould be sent to the Editor. -..... ■■• 1929-1935 NATIONAL BANK NOTE VARIETIES— ANALYSIS OF THE 14000 SERIES OF NATIONAL BANK CHARTERS AND THEIR NOTES M. Owen Warns 115 THE PAPER COLUMN—LATE FINISHED PLATES USED TO PRINT SMALL NOTES Peter Huntoon 122 THE $1 SILVER CERTIFICATE MULES Graeme M. Ton, Jr 126 A RHODE ISLAND NOTE, SPANISH MILLED DOLLARS, AND ENGLISH SHILLINGS Steven A. Feller 131 COLLEGE CURRENCY —IV Robert H. Lloyd 133 RAILROAD NOTES AND SCRIP OF THE UNITED STATES, THE CONFEDERATE STATES AND CANADA Richard T. Hoober 135 COLLECTING CONFEDERATE PAPER—STAMPS AND CURRENCY Everett K. Cooper 139 THE CONFEDERATE STATES OF AMERICA COTTON LOAN BONDS Edward Schuman 142 MATCH-UPS AND JOSIAH MORRIS Jack Weaver 144 QUEBEC CITY GROCERY STORE RELEASES TRADE NOTES Jerry Remick 147 INTEREST BEARING NOTES 149 THE BUCK STOPS HERE 150 MEET THE CANDIDATES FOR SPMC BOARD OF GOVERNORS 151 COMING EVENTS PAGE 153 SPMC ANNUAL AWARDS 154 SECRETARY'S REPORT 156 Page 114 Paper Money Whole No. 111 Society of Paper Money Collectors OFFICERS PRESIDENT Larry Adams, P.O. Box 1, Boone, Iowa 50036 VICE-PRESIDENT Roger H. Durand, P.O. Box 186, Rehoboth, MA 02769 SECRETARY Robert Azpiazu, Jr., P.O. Box 1433, Hialeah, FL 33011 TREASURER James F. Stone, P.O. Box 89, Milford, N.H. 03055 APPOINTEES EDITOR Gene Hessler, P.O. Box 416, Oradell, NJ 07649 NEW MEMBERSHIP COORDINATOR Ron Horstman, P.O. Box 6011, St. Louis, MO 63139 BOOK SALES COORDINATOR Richard Balbaton, 116 Fisher Street, North Attleboro, MA 02760. WISMER BOOK PROJECT Richard T. Hoober, P.O. Box 196, Newfoundland, PA 18445 LEGAL COUNSEL Robert G. Galiette, 10 Wilcox Lane, Avon, CT 06001 PAST PRESIDENT AND LIBRARIAN Wendell Wolka, P.O. Box 366, Hinsdale, IL 60521 PUBLICITY CHAIRMAN C. John Ferreri, P.O. Box 33, Storrs, CT 06268 NEW MEMBERSHIP COORDINATOR Ron Horstman, P.O. Box 6011, St. Louis, MO 63139 BOARD OF GOVERNORS Larry Adams, Walter Allan, Charles Colver, Michael Crabb, Mar- tin Delver, Roger H. Durand, C. John Ferreri, William Horton, Jr., Peter Huntoon, Roman L. Latimer, Dean Oakes, Bernard Schaaf, M.D., Stephen Taylor, Steven Whitfield, John Wilson. The Society of Paper Money Collectors was organized in 1961 and incorporated in 1964 as a non-profit organ- ization under the laws of the District of Columbia. It is af- filiated with the American Numismatic Association and holds its annual meeting at the ANA Convention in August of each year. MEMBERSHIP—REGULAR. Applicants must be at least 18 years of age and of good moral character. 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 notifi- cation to the secretary that the member has reached 18 years of age. Junior members are not eligible to hold of- fice or to vote. Members of the A.N.A. or other recognized numis- matic 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. Annual dues are $12. 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 BOOKS FOR SALE: All cloth bound books are 8'/ x 11" INDIANA OBSOLETE NOTES & SCRIP $12.00 NEW JERSEY'S MONEY, Wait $12.00 Non-Member $15.00 Non-Member $15.00 MINNESOTA OBSOLETE NOTES & SCRIP. TERRITORIALS—A GUIDE TO U.S. TERRITORIAL Rockholt $12.00 BANK NOTES, Huntoon $12.00 Non-Member $15.00 Non-Member $15.00 MAINE OBSOLETE NOTES & SCRIP. Wait .... $12.00 INDIAN TERRITORY / OKLAHOMA / KANSAS Non-Member $15.00 OBSOLETE NOTES & SCRIP, Burgett & OBSOLETE NOTES & SCRIP OF RHODE ISLAND Whitefield $12.00 AND THE PROVIDENCE PLANTATIONS, Non-Member $15.00 Durand $20.00 IOWA OBSOLETE NOTES & SCRIP, Oakes ... $12.00 Non-Member $25.00 Non-Member $15.00 ORDERING INSTRUCTIONS 1. Give complete description for all items ordered. 2. Total the cost of all publications ordered. 3. ALL publications are postpaid except orders for less than 5 copies of Paper Money. Write for Quantity Prices on the above books. 4. Enclose payment (U.S. funds only) with all orders. Make your check or money order payable to: Society of Paper Money Collectors. 5. Remember to include our ZIP CODE. 6. Allow up to six weeks for delivery. We have no control of your package after we place it in the mails. Order from: R.J. Balbaton, SPMC Book Sales Dept. 116 Fisher St., North Attleboro, MA 02760. Library Services The Society maintains a lending library for the use of Librarian — Wendell Wolka, P.O. Box 366, Hinsdale, Ill. j he members only. For further information, write the 60521. te-e'VZ,YZ„4,:_„*A•".1 A012345 Don „ars;xmakarnaliew" , &WS NIVIOLIILAIMPil MAILTINIMULACIMNIM SIC410111110Pnidi$1118MNINSIlttls.0111■61.114113,.7,77 !pc iparpiet91"111:410teilir„4". THE COMMERCIAL NATIONAL BANK Of rt." ROCK ARKANSAS To iv? I.Atra FIVE I HILLAIIS 14000 A012345 14 0 A.4111MILAM THE UNITED STATES4WAMEIOt LIBERTY tiATIONA1 ANA AND TRUST COA 3ANY OF 1 01'1S VILLE C) KENTUCKY )1)11.4.VICS .145ZG Paper Money Whole No. 111 Page 115 111111011111_ BIN HEE VfillIETIES BY M. OWEN WARNS NLG Analysis of the"14000" Series of National Bank Charters and Their Notes First and last of the "14000" charters to issue notes. T HERE were 321 "14000" charters granted to National Banks, all of which were eligible to issue circulating notes under their own titles. The initial charter #14000 was granted to The Commercial National Bank of Little Rock, Arkansas on February 12, 1934. The last "14000" charter to issue notes was The Liberty National Bank & Trust Co. of Louisville, Ky., charter #14320, on January 8, 1935. The "14000" charter note issuing period lasted less than a year-11 months and three days to be exact between the first and last issues of notes. Of the 321 charters, 148 took part in issuing notes while 173 elected not to issue notes for various reasons known only to their bank officers. These 321 charters fall into four dis- tinct categories as follows: "14000" chartered banks succeeding a previously chartered bank and issuing notes under new bank title only — 76 banks, 24% "14000" chartered banks succeeding a previously chartered bank and not issuing notes under its title — 91 banks, 28% "14000" chartered banks not succeeding a previously chartered bank and issuing notes under its "14000" bank title — 72 banks, 22% — "14000" chartered banks not succeeding a previously chartered bank and not issu- ing notes under its "14000" bank title — 82 banks, 26% Following the Great Depression of 1929 that caused such distress to banks in their effort to keep afloat, on March 6, 1932, President Roosevelt declared a Bank Holiday, tem- porarily closing all banks across the nation in order to ascer- tain their condition. As a result, it was found that more than 20,000 banks had failed, some 5,000 of which closed their doors permanently. Commonplace were thousands of more "near misses" tottering on the brink of disaster. Qualified banks were assisted by the Reconstruction Finance Corpora- tion or by A.P. Giannini's Trans-America Corporation and other private financial institutions. It is noted in the breakdown of the "14000" charter series that 176 of the banks served as "saviour banks" in taking over troubled institutions by consolidation, succession or assumption of obligations to depositors and other out- standing financial liabilities. Thus they restored public confi- dence and offered a means for those banks to continue doing business. Of the 176 banks, 82 found it expedient not to issue notes while 72 of them did issue "14000" charter series notes. Page 116 Paper Money Whole No. 111 CHRONOLOGICAL LISTING OF THE 349 FINAL CHARTERS GRANTED TO NATIONAL BANKS THE NOTES THEY ISSUED AND THOSE BANKS NOT ISSUING NOTES Charter City Succeeded Bank # Notes Issued Total Worth Notes Surfaced 14000 Little Rock, Ark. - $5's, 10's, 20's $507,480 $5, 10, 20 14001 Clatskanie, Ore. #11758 5's, 10's 35,800 none 14002 Elkins, W.Va. #8376 5's, 10's, 20's 67,100 5 - - 14003 Orlando, Fla. - none - - - -14004 Omaha, Nebr. none - - 46,31014005 Durand, Okla. - 5's, 10's, 20's 5 - 20 14006 Clementon, N.J. 5's, 10's, 20's 79,450 - 10 - 14007 Bethlehem, Pa. - none -- 14008 DeKalb, III. #2702 5's, 10's, 20's 12,500 20 14009 Marshall, Mich. #1515 none -- - 14010 East Peoria, III. #6724 5's, 10's, 20's 11,430 - 10 - 14011 Dillonville, Ohio - 10's, 20's 28,000 - 10, 20 14012 George West, Tex. #12919 none -- - - - 14013 Webster Springs, W.Va. - 5's, 10's 42,350 - 10 - 14014 Guttenberg, N.J. #12806 5's, 10's, 20's 61,860 5, 10 - 14015 Plainview, Tex. - none -- - - - 14016 Ludington, Mich. - none 14017 Aurora, Nebr. #2897 none 14018 Grand Island, Nebr. #13424 none -- - 14019 Kings Park, N.Y. #12849 5's 34,330 5 14020 Perry, Okla. - 10's, 20's 62,200 - 10, 20 14021 Boulder, Colo. #2352 5's, 50's, 100's 13,400 50, 100 14022 Utica, Mich. #12826 none 14023 Kingston, Pa. - 5's, 10's, 20's 867,150 5, 10, 20 14024 Charleston, III. #11354 5's, 10's, 20's, 50's 55,500 - 10, 20, 50 14025 Oxford, N.Y. - 5's, 10's, 20's 83,800 - - 20 14026 Owenton, Ky. - 5's, 20's 3,700 - - 20 14027 Breckenridge, Tex. #7422 10's, 20's 5,300 - - - 14028 Council Bluffs, Iowa - 5's, 10's, 20's 66,450 5, 10, 20 14029 Cambridge Sprs., Pa. #9430 none -- - - - 14030 Toledo, Ohio - 5's, 10's, 20's 247,320 5, 10, 20 14031 Tower City, Pa. - 20's 62,800 20 14032 Lansing, Mich. - 10's, 20's 250,000 - 10, 20 14033 Woburn, Mass. #11067 5's 12,580 5 - - 14034 Oak Hill, W. Va. - none -- - - - 28,00014035 Granville, Ill. - t0's, 20's - 10, 20 14036 Garner, Iowa - none - 14037 Ambler, Pa. - none 14038 Auburn, Wash. #12085 none -- - 14039 Stanford, Ky. #2788 10's 4,310 - 10 - 14040 Lenox, Iowa #5517 5's, 10's 20's 12,270 5 - 20 14041 Villisca, Iowa #7506 5's, 10's, 20's 9,320 20 14042 Winthrop, Minn. #7014 5's 24,960 5 14043 Clarion, Pa. - none -- - - - 14044 Brunswick, Md. #8244 5's, 10's, 20's 53,220 5, 10 - 14045 Santa Ana, Ca. - none - 14046 Monroe, Ga. none 14047 New Albany, Ind. - none 14048 Lyons, Ks. #5353 5's, 10's 56,650 5, 10 - 14049 Dover, Pa. #9352 10's, 20's 10,400 14050 Bridgeport, Ohio #6624 5's, 10's, 20's 55,050 20 14051 Export, Pa. #7624 10's, 20's 5,870 - 10 - 14052 Crewe, Va. #9455 5's, 10's, 20's 39,200 - 10 - 14053 Philippi, W. Va. #6302 5's, 10's, 20's 17,310 - - 20 14054 North Bend, Ore. #9328 none - - 14055 Greensburg, Pa. #2558 5's, 10's, 20's 100,700 5, 10, 20 14056 Pine Bluff, Ark. - 5's, 10's, 20's 59,350 5, 10, 20 14057 Shenadoah, Iowa #12950 none -- 14058 Viroqua, Wis. #8529 none 14059 Mayville, Wis. - none 14060 Baraboo, Wis. - none -- 14061 Elberton, Ga. #9252 5's, 10's 37,620 - 10 -- 14062 Hillsdale, Mich. - 5's, 10's 67,550 5, 10 - 14063 Waupaca, Wis. 5's, 10's, 20's 64,600 5 Paper Money Whole No. 111 Page 117 Charter City Succeeded Bank # Notes Issued Total Worth Notes Surfaced 14064 Watertown, Wis. - none -- - 14065 Nevada, Iowa #13083 5's, 10's, 20's 30,900 5 - - 14066 Grundy Center, Iowa #3396 none - 14067 Rockwood, Pa. none 14068 Amoboy, Mn. #13352 none 14069 Belle Plaine, Iowa #4754 none -- - - - 15,55014070 Koppel, Pa. #11398 5's 5 - - 14071 Jefferson, Pa. #9660 5's, 10's, 20's 7,445 - 10 - 14072 Falfurrias, Tex. #11792 5's, 10's 2,450 14073 Exeter, Nebr. #13189 none -- 14074 Newton, III. #5869 none -- 29,95014075 Franklin, Ind. 5's, 10's, 20's 14076 Paris, Ky. #6323 5's, 10's, 20's 3,720 - - - 14077 Bradford, Ohio - 10's, 20's 65,600 - 10, 20 14078 Cherry Creek, N.Y. 5's, 10's 30,700 5 - 14079 Olyphant, Pa. 5's, 10's 71,100 5 - 14080 Mott, N.D. none -- - - 18,42014081 Tucumcari, N.M. - 10's - 10 - 14082 Windber, Pa. #6848 5's, 10's, 20's 10,230 20 14083 Superior, Nebr. 5's, 10's, 20's 55,500 5, 10, 20 14084 Lakewood, N.J. none -- - - 14085 Clear Lake, Iowa #7869 none 14086 Hammond, La. #11977 none 14087 Chelsea, Ma. #11270 5's 37,010 5 - 14088 Palisades Park, N.J. #11909 5's 26,500 - - 14089 Stoystown, Pa. #5682 5's, 10's, 20's 9,310 5 - - 14090 Canyon, Tex. #5238 5's, 10's 2,200 5, 10 - 14091 East Berlin, Pa. 5's 58,850 5 - 14092 Cauthersville, Mo. #12452 5's, 10's, 20's 71,600 5, 10 - 14093 Union City, Pa. #5131 5's 43,380 5 - - 14094 Cecil, Pa. #7076 10's, 20's 10,740 20 14095 Durand, Wis. #13529 10's 300* - - - 14096 Camden, Ark. 5's, 10's 72,350 10 - 14097 Mariana, Ark. none -- - - 14098 Indiana, Pa. 5's, 10's, 20's 218,040 5, 10, 20 14099 Rapid City, S.D. - 5's, 10's 31,800 5, 10 - 14100 Berlin, N.H. #5622 10's 66,250 10 - 14101 Goose Creek, Tex. none -- - 14102 Iron River, Mich. #11802 5's 77,500 5 - 14103 Riverton, Wyo. - none 14104 Groveton, Tex. #6329 5's, 10's 27,250 - 10 - 14105 Springfield, Ohio 5's, 10's, 20's 191,800 5, 10, 20 14106 Pocomoke City, Md. #6202 5's, 10's, 20's 61,550 10, 20 14107 McKees Rock, Pa. #5142 none - - - 14108 Walters, Okla. #7811 5's, 10's 20's 12,650 14109 Superior, Wis. #9146 none -- 14110 Chicago, 111. - 10's 12,460 - 10 - 14111 Gladstone, Mich. #10886 5's, 10's, 20's 20,000 5, 10 - 14112 Wampum, Pa. #6664 5's, 10's 2,400 - 14113 Goshen, Ind. 5's, 10's, 20's 51,640 5 - - 14114 Marlin, Texas #5606 none -- - - 14115 Naperville, Ill. none 14116 Coldwater, Mich. none -- - - - 14117 Beaver Falls, Pa. 5's, 10's, 20's 116,850 - 10, 20 14118 Lincoln, Ill. - 5's, 10's, 20's 113,250 5, 10, 20 14119 Butler, Mo. - none -- - - - 14120 Philadelphia, Pa. #12931 none -- - - - 73014121 Mount Wolf, Pa. #9361 10's 10 - 14122 Clifton Heights, Pa. - 5's 72,600 5 14123 Charleroi, Pa. - 5's, 10's, 20's 62,820 - 20 14124 Edinburg, Tex. #13315 none -- - 14125 Marshfield, Wis. 10's, 20's 76,500 10 - 14126 Groesbeck, Tex. #6461 5's, 10's, 20's 8,300 - 14127 East St. Louis, Mo. #11596 none -- 14128 Saint Louis, Mo. none * The smallest amount issued to a "14000" bank, 30 $10 Type II notes, $300! Page 118 Charter City Succeeded Bank # Notes Issued Total Worth Paper Money Whole No. 111 Notes Surfaced 14129 Winterset, Iowa none -- - - - 14130 Marion, Wis. #12286 5's, 10's 18,040 - 10 - 14131 Antlers, Okla. none -- - 14132 St. Marys, Ohio #4219 none -- - - - 14133 Latrobe, Pa. 5's, 10's, 20's 99,960 5, 10, 20 14134 Carthage, Ill. none - - - 14135 Orangeburg, S.C. none 14136 Salem, W. Va. #7250 none -- - - - 14137 Woodstock, Ill. 5's, 10's, 20's 6,620 - 10, 20 14138 Owensboro, Ky. #4006 none 14139 Marshall, Pa. #12595 none 14140 Winchester, Ill. none 14141 Brookfield, Ohio none -- - - - 14142 Moundsville, W. Va. #5715 10's, 20's 15,200 - 10 - 14143 What Cheer, Iowa #3192 none -- 14144 Howell, Mich. 5's, 10's, 20's 27,450 14145 Ocean City, N.J. none -- - - - 14146 Fort Collins, Colo. #2622 10's, 20's 53,400 - - 20 14147 Winston-Salem, N.C. #12278 none -- - - - 14148 Trinidad, Colo. #3450 none - - - 14149 Haskell, Tex. #4474 5's, 10's, 20's 13,020 5, 10, 20 14150 Tigerton, Wis. 5's, 10's, 20's 51,250 5, 10 - 14151 Secaucus, N.J. none -- - - - 14152 Revere, Mass. #13152 none -- 14153 Carteret, N.J. #8437 10's, 20's 25,270 14154 Newcastle, Tex. none -- 14155 Ford City, Pa. none -- - - - 14156 Hooversville, Pa. 5's, 10's, 20's 56,000 5 - 20 14157 Robstown, Tex. #12753 none 14158 Bellevue, Iowa none 14159 Galva, Ill. #2793 none 14160 Tuscumbia, Ala. none 14161 Aurora, Ill. none -- - - - 14162 Cliffside Park, N.J. #11618 5's 165,290 5 - 14163 Goodland, Ks. #11860 5's, 10's 16,700 5 - 14164 Cureo, Tex. #8562 10's, 20's 33,000 - 20 14165 McLean, Tex. #10957 none 14166 Tonasket, Wash. #10407 10's, 20's 6,850 - - 14167 West Concord, Mn. 5's, 10's 11,150 10 - 14168 De Ridder, La. #9237 5's 28,400 5 14169 Skyesville, Pa. #7488 10's, 20's 5,180 - 14170 Bangor, Pa. #2659 5's, 10's, 20's 124,500 10, 20 14171 Philadelphia, Pa. none -- - - - 14172 Traer, Iowa #5135 none -- 14173 Golconda, III. #7385 5's, 10's, 20's 25,200 - 10 - 14174 Ashland, Nebr. none -- 14175 La Fayette, Ind. none 14176 Waynesboro, Miss. none 14177 Sea Bright, N.J. 5's 29,500 5 - - 14178 Bloomington, Ill. #13499 none -- - 14179 San Antonio, Tex. none 14180 Clifton Forge, Va. #9177 none -- 14181 Gallitzin, Pa. #13533 5's, 10's, 20's 11,880 14182 Williamsburg, Pa. #6971 10's, 20's 14,060 - 14183 Mingo Junction, Ohio 5's, 10's, 20's 58,300 - 10 - 14184 Darlington, Wis. 5's, 10's, 20's 52,550 - - - 14185 Battle Creek, Mich. #7589 none -- 14186 Vancouver, Wash. #6013 none -- - 14187 Ionia, Mich. 10's 51,300 - 10 - 14188 Arcanum, Ohio none 14189 Tuckahoe, N.J. 5's, 10's, 20's 5,310 - 10, 20 14190 Onley, Va. #7258 none 14191 Girard, Pa. #12363 none 14192 Mount Healthy, Ohio none 14193 Waycross, Ga. #4963 none 14194 David City, Nebr. #3934 none -- 14195 Fort Myers, Fla. #9035 5's, 10's 23,760 5, 10 - Paper Money Whole No. 111 Charter City Succeeded Bank # Notes Issued Total Worth Page 119 Notes Surfaced 14196 Lamar, Mo. #4057 none 14197 Philadelphia, Pa. none 14198 Berkeley Sprs., W. Va. none - - - 14199 Dahlart, Tex. - 5's, 10's, 20's 27,200 - 20 14200 Neillsville, Wis. 10's 26,100 - 10 - 14201 Delta, Pa. 5's 25,800 5 - 14202 Torrence, Ca. 5's, 10's, 20's 18,500 - - 14203 Oak Harbor, Ohio none -- 27,80014204 Angelton, Tex. - 5's, 10's, 20's - 10 - 14205 Forest City, Tex. none -- - - - 14206 Amarillo, Tex. #4710 none 14207 Pampa, Tex. #9142 none 14208 Lubbock, Tex. none 14209 Paris, Ark. #11592 none 14210 Pittsburgh, Pa. #7560 none -- - 14211 Spartanburg, S.C. 5's, 10's, 20's 54,400 5, 10, 20 14212 Farmersville, Tex. #13277 none - 14213 Eads, Colo. #8412 5's, 10's, 20's 7,370 5 - 14214 Green Lane, Pa. 5's, 10's, 20's 28,850 5, 10, 20 14215 Zelienople, Pa. #7409 none -- 14216 Hutchinson, Mn. #10147 none 14217 Olney, Ill. #1641 none 14218 Booneville, Ind. #10613 none 14219 Erie, Pa. 10's, 20's, 50's, 100's 308,700 - 10, 20, - 100 14220 Mankato, Mn. - 5's, 10's, 20's 31,610 - - 20 14221 Rochelle, 111. #1907 none -- - - - 14222 Trinidad, Colo. #2300 none 14223 Abington, Va. #5150 none 14224 Fort Kent, Me. #11403 10's 29,160 - 10 - 14225 Delhi, La. - 10's, 20's 25,900 - - 14226 Butler, Ind. none -- 14227 Comanche, Tex. none 14228 Lake Charles, La. #13573 none 14229 Cherryville, N.C. #12896 none -- 14230 Corcoran, Ca. - 5's 8,100 5 - 14231 Rockwood, Tenn. none 14232 Painesville, Ohio 5's, 10's, 20's 51,800 5, 10 14233 Octonto, Wis. #5521 none -- 14234 Poultney, Vt. #9824 5's, 10's 2,030 5 - 14235 Madison, Ill. #8457 none 14236 McKinney, Tex. 5's, 10's, 20's, 50's, 100's 55,200 5, 10 - 14237 Cambridge, III. #2572 none 14238 Malvern, Ark. none 14239 Bedford, Pa. none 14240 Newfield, N.J. #12145 none 14241 Condon, Ore. #7059 none 14242 Clintonville, Wis. none 14243 Claxton, Ga. #10333 none 14244 Amboy, Ill. #5223 none 14245 Chicago, Ill. - 5's, 10's, 20's 150,550 5, 10, 20 14246 Chicago, Ill. 5's, 10's, 20's 326,800 5, 10, 20 14247 Mount Carroll, III. none - - - 14248 Denver, Colo. #12974 none - 14249 Hancock, Mich. #12387 5's, 10's, 20's 84,860 10, 20 14250 Hamburg, Pa. 5's, 10's, 20's 103,800 5, 10 - 14251 Bridgeville, Pa. none - 14252 Pierre, S.D. - 10's, 20's 20,000 - 20 14253 Le Mars, Iowa #2728 none 14254 Lamar, Colo. #9036 none 14255 Quitman, Ga. #7994 none 14256 Schribner, Nebr. - none - - - 14257 Cordele, Ga. 5's, 10's 59,300 5, 10 - 14258 Linton, Ind. 5's, 10's 53,650 5, 10 - 14259 Clinton, Ky. none -- - 14260 Pontiac, Ill. none 14261 Bethesda, Ohio 5's, 10's 15,000 5 - - 14262 Pottsville, Pa. - none -- Page 120 Charter City Succeeded Bank # Notes Issued Total Worth Paper Money Whole No. 111 Notes Surfaced 14263 Patton, Pa. none 14264 West Milton, Ohio — none 14265 Shawneetown, Ill. none -- 14266 Haverhill, Mass. 5's, 10's, 20's 38,480 14267 Phelps, N.Y. #9839 none -- 14268 Carlyle, III. #5548 none 14269 Crystal Falls, Mich. none -- — — — 14270 Snyder, Tex. #7335 5's, 10's, 20's 12,600 10 — 14271 Pittsburgh, Pa. #2261 5's 34,670 5 14272 White Deer, Tex. #11647 none -- — — 14273 Brownwood, Tex. #13588 10's, 20's, 50's 32,690 20 14274 Oil City, Pa. #5240 5's, 10's, 20's 90,150 10 — 14275 Williston, N.D. none — 14276 Marietta, Pa. #10707 none 14277 Reading, Pa. none 14278 Blackwell, Okla. #5460 none 14279 Maryville, Tenn. none 14280 Manistique, Mich. #13513 none 14281 Donaldsonville, La. none — 14282 Wymore, Nebr. #4210 10's, 20's 20,000 — 10, 20 14283 San Antonio, Tex. #12162 5's, 10's, 20's 20,000 5 — — 14284 Bedford, Pa. none -- 14285 Mount Olive, Ill. #13696 100's 25,000 — — — — 100 14286 Eldora, Iowa #9233 none -- 14287 Fort Lee, N.J. #8874 none 14288 Rensselaer, Ind. none 14289 Pleasantville, N.J. none 14290 Lorain, Ohio #5371 none 14291 Gastonia, N.C. #4377 none 14292 Greenwood, Incl. none 14293 Shenandoah, Pa. none 14294 New Bremen, Ohio #7851 none -- 14295 Wellsburg, W. Va. 5's, 10's 50,250 — 10 — 14296 Saint James, Mn. none -- 14297 Lanark, Ill. — 5's, 10's, 20's, 50's 25,000 — — 50 14298 Glendale, Ca. #10412 none -- 14299 Eastland, Tex. — none 14300 Pauling, Ohio #5862 none 14301 Gratz, Pa. none -- 14302 Cotulla, Tex. #7243 10's, 20's 25,000 14303 Ellsworth, Me. #3804 none -- 21,04014304 Pawhuska, Okla. #13527 20's 14305 West New York, N.J. — 5's, 10's, 20's 50,000 14306 Toledo, Ore. none -- 14307 Madera, Ca. #7336 none 14308 West Point, Nebr. — none -- 14309 Keokuk, Iowa #1992 10's, 20's 2,400 14310 Staunton, Ill. #10777 none -- 14311 Buffalo, Mn. none 14312 De Kalb, Tex. #12287 none 14313 Chicago, Ill. — none 14314 Shawano, Wis. #5469 none 14315 Enid, Okla. none 14316 Camden, Ohio #8300 none 14317 Coachella, Ca. #10292 none 14318 Ansted, W. Va. #8904 none 14319 Dolton, Ill. #8679 none -- — — — 14320 Louisville, Ky. — 10's 250,000 — 10 — The Twenty-Nine "14000" Series Charters Granted During 1935 Rampant bank failures along with the prevalent rumors discussed among bankers that surfaced in the early 1930s seemed to have reached a peak during the last six months of 1934 to the effect that National Banks would no longer be permitted to issue their own circulating notes. This led banks to take a cautious approach to ordering notes in view of the speculative chances should such come to pass. This was fur- ther emphasized by the fact that only one of the 29 chartered banks during 1935, #14320, The Liberty National Bank & Trust Co. of Louisville, Ky., had the fortitude to brave the pessimistic atmosphere; on January 5, 1935, it ordered 25,000 $10 Type II notes, total $250,000! This bank had the dual dis- tinction of being the only one to issue notes in 1935 and the last one to issue NATIONAL BANK NOTES, PERIOD! The remaining 28 chartered banks of 1935 can be classed into two groups as follows: Banks Eligible to Issue Notes, Chartered Between Jan. 5 and May 14, 1935 Charter Granted Jan. 14321 Jan. 14322 Feb. 14323 Feb. 14324 Feb. 14325 Feb. 14326 March 14327 March 14328 March 14329 March 14330 April 14331 April 14332 April 14333 April 14334 April 14335 May 14336 May 14337 May 14338 National Union Bank of Paterson, N.J. American National Bank of Wetumka, Okla. First National Bank of Mt. Gilhead, Ohio. Valley National Bank of Phoenix, Ark. Citizens National Bank of Herndon, Va. First National Bank of Glidden, Iowa. First National Bank of East St. Louis, Ill. First National Bank of Arcadia, La. Citizens National Bank of Eureka, Kan. Junction National Bank of Junction, Tex. National Bank of Aledo, Aledo, Ill. First National Bank of Wyoming, Ill. Second National Bank of Masontown, Pa. Miners National Bank of Butte, Mt. Virgin Islands N.B. of St. Thomas, V.I. First National Bank of Wauwatosa, Wis. Peoples National Bank of Victoria, Va. Bay National Bank of Panama City, Fla. 1935 Banks Ineligible to Issue Notes, Chartered June through December 16* Charter Granted June 14339 National Bank of Norfolk, Norfolk, Neb. June 14340 Commercial National Bank of Grand Island, Neb. Aug. 14341 Davis National Bank of Mullins, S.C. Aug. 14342 Polo National Bank of Polo, Ill. Sept. 14343 Chicago Heights National Bank, of Chicago, Ill. Sept. 14344 Hanover National Bank of Wilkes-Barre, Pa. Oct. 14345 Youngsville National Bank of Youngsville, Pa. Nov. 14346 Ogle County National Bank of Oregon, Ill. Nov. 14347 Greene County National Bank of Carrollton, Ill. Dec. 14348 Roodhouse National Bank of Roodhouse, Ill. Recapitulation The National Bank Charters Granted During the Year 1935 • 29 chartered were granted, nos. 14320 through 14348. • 19 of these were eligible to issue notes, nos. 14320 through 14338. • Only charter #14320 issued notes, 25,000—$10 worth $250,000. • U.S. Treasury order to suspend issues effective May 15, 1935. 9EFEizoi Villaligffil#47414410EIMBROd HE NONNI OLIVE NATIONAL BANC trt • MOUN1 OLIVE N Noce •Ar ONE11111)1BEIBIMILUIS 100018 1 4 28 5 lemonows. 14285 8000168 THE CHANOLEB NATIONAL BANK OF YONS KANSAS ar 1E. at RPIL fl DIMOOMTi N I 10 MARS 14048 8000359 c0 y a 8000359 14048 Paper Money Whole No. 111 Page 121 • The final 10 charters granted, nos. 14339 through 14348, were in- eligible to issue notes. • Charter 14320 granted Jan. 5, charter 14348 on Dec. 16, 1935. The Highest Chartered Bank to Issue $100 National Bank Notes During the 1863-1935 Note Issuing Period The Mount Olive National Bank of Mount Olive, Illinois was granted charter 14285 in the fall of 1934. The bank had the distinc- tion of issuing the last $100 notes during the 72-year life of the National Bank Note issuing period. The bank issued 300 $100 notes, serials A000001 - A000300, of which 250 were placed in circulation, while 50, serials A000251 - A000300, were returned to the Redemp- tion Office of the Comptroller of the Currency. Vice -President's Variety Note Charter 14048 The Chandler National Bank of Lyons, Kansas was granted charter 14048 in the spring of 1934. It was a family bank and bore the signa- tures of C.J. Chandler, vice-president, and W.W. Chandler, cashier. The president did not sign the notes. The Bureau of Engraving & Printing added "VICE" in regular type over the italicized word "President." National Bank Notes—Finis The passage of the Act of February 26, 1863 allowed qualified banks to issue circulating notes in various denom- inations bearing the title of the each bank. The order to cease processing National Bank notes came from the Comptroller of the Currency to be effective May 15, 1935; thus ended the issuance of these notes 72 years later. References Consulted Standard Catalog of National Bank Notes, by John T. Hickman & Dean Oakes. National Banks of The Note Issuing Period 1863-1935, by Louis Van Belkum. The National Bank Note Issues of 1929-1935, Society of Paper Money Collectors, by M. Owen Warns, Peter Huntoon and Louis Van Belkum. * Due to Treasury Dept. note suspension order effective May 15, 1935. Page 122 Paper Money Whole No. 111s i THE PAPER COLUMN i t I by Peter Huntoon LATE FINISHED PLATES USED TO PRINT SMALL NOTES HE purpose of this article is to examine in detail the facts surrounding the origin and use of what we will define as late finished plates. This treat- ment will survey the possibilities for as yet undis- covered varieties from these plates, as well as review those that are presently recorded. The data upon which this article rests came from three sources: (1) summary plate records held by the Bureau of Enaraving and Printing, (2) published data in the O'Donnell (1977) catalog, and (3) records developed by me based on sighted specimens over the years. You will recognize that the varieties discussed here have been called "trial" notes; however, this term is a misnomer and it makes sense to drop its use given the facts now available. Late Finished or Trial? The manufacture of the interesting group of small size plates listed in Table I was started in the mid-1930s when micro plate numbers were in use. However, the completion of these plates was greatly delayed so that they were not finished until after the conversion to macro plate numbers. The result was that they were engraved with macro plate numbers but the numbers clearly belonged in the old micro range. Notes from these unusual plates are listed in O'Donnell's (1977) catalog as trial notes. He speculated that they were (1) the first plates manufactured of their kind and (2) they were used experimentally before regular production of macro plates. The data in Table 3 refute both claims. Serial number data reveal that these plates were put into production much later than the in-sequence micro plates of like kind, and also in most cases they were used years later than the first regular macro plates of like kind which have higher plate numbers. Questions emerged such as: Why didn't $20 "trial" back plate 204 go to press about the same time as 203 and 205? The fact was that it couldn't —it was not finished and wouldn't be completed for another 10 years! The plate records reveal that in fact none of the plates which are the subject of this article had been finished until a substantial time after they were started. In the extreme, $20 back plate 204 was begun in 1934 but never finished until 1944. Because of the nature of these plates, I proposed that we rename them "late finished" instead of "trial" plates (Huntoon, 1982a). They certainly were not "trial" or "ex- perimental" in any sense. Their changed status does not alter their uniqueness, nor does it diminish their value in my opinion. Table 2 illustrates the unusual facts surrounding the late- finished plates. Notice in all cases that the beginning dates for the late finished plates are in sequential order with the pre- Late Finished $5 SC face plate 307— used for both 1934,4 blue and yellow seal printings. ceding and succeeding numbered micro plates. In contrast, they were finished dramatically out of range from their con- temporaries. The net result of the delayed completion of these special plates is that (1) they were finished with macro instead of micro plate numbers, (2) the face plates were finished as Series of 1934A instead of Series of 1934, and (3) they went to press long after those with preceding or succeeding plate numbers. $1 Back Plate 470 Table 2 shows that plate 470 was completed seven years later than 469 and 471. I discovered that when it was finally used in 1943, the other plates on the press alongside it were numbered in the 2850 to 3300 range. Clearly it was an odd- ball. Remember that the changeover from micro to macro occurred with $1 back plates 929 and 930 respectively. Plate 930, the first true macro back, was also in the first group to be sent to press, an event that took place on January 28, 1938. Notice that this was over five years before 470 went to press as shown on Table 3. Only a couple of notes are presently reported from plate 470 and these have serial numbers in the KC block. From Table 2 you can see that this plate was used between May 15, 1943, and June 18, 1943. This period of usage overlaps or im- mediately precedes these serial number printings in 1943: IC (April 24 - May 27), JC (May 27 - June 24), and KC (June 24 - September 18). It is virtually certain that this plate was used to print notes in all three of these blocks, and I fully ex- pect that it will prove to be most common in the JC block. Only the tail end of the 470 printing was fed to the KC block. In addition, there is always the possibility of star notes having been printed from it. Of the late finished plates, specimens from this plate have proven to be the most elusive and they are considered to be rare. $5 1934A SC Face Plate 307 Silver Certificate face plate 307 was begun in 1936 as a micro Series of 1934 but it was finally completed six years later as a macro Series of 1934A. Production from it began four and a half years after the first $5 SC 1934A had gone to press (see Table 3). It was used for a little less than one year Paper Money Whole No. 111 Page 123 Late Finished $10 SC face plates 86 and 87. Plate 87 wore out before 86 was used. Both were begun during the micro plate number period in 1938. during which it participated in the special World War II yellow seal printings. Its history is summarized in Table 4. The HA block was current at the time the first $5 yellow seals were sent to press in 1942. However, six serial number groups within the KA block were selected for use on the $5 yellow seals so these were printed out of sequence beginning in late 1942, and ended with the high yellow seal serial of K65984000A in May 1944. The unused serial number groups below serial K65984000A were completed as regular issue blue seals during the 1942 to 1944 period. The higher KA serials were later used in sequence in 1945-6. To date, the only known 307 notes are KA block blue and yellow seal notes, and a few yellow seal stars. As shown on Table 3, these notes were printed between July 9, 1942, and June 3, 1943. During that same period, regular blue seal $5 SC's were also being printed in the HA and IA blocks. It would not come as a great surprise if a 307 someday turned up on either of these blocks, or on a blue seal star. Mules do not appear to be possible on the 307 printings be- cause the last of the regular micro back plates wore out in 1942 just days before the first of the 307 printings, either yellow or blue seal. Even 307 mules from exotic micro backs 629 and 637 are impossible because these two back plates were never used until years after 307 wore out. Known surviving specimens from 307 are most common from the KA yellow seal printings. Next most plentiful are the 307 yellow seal stars. The 307 blue seals are very scarce in the KA block and unknown in any other blue seal blocks includ- ing stars. $10 1934A SC Face Plates 86 and 87 Silver Certificate $10 1934A face plate 87 barely made it into the late finished category. As shown on Table 2, it was completed only seven months after it was begun, but during this short period the conversion to macro plate numbers had been accomplished so it was completed as a macro. Plate 86 was completed over two years after it was begun so its history is more characteristic of the other late-finished plates. Notice from Table 2 that plate 87 wore out before 86 was completed. For this reason, the two did not produce the same suite of varieties as shown on Table 1. Late Finished $20 back plate 204—the last Late Finished plate used. Begun in 1934 but not finished until 1944, then used from 1944 to 1946. Photo courtesy of Tom Conklin. One interesting fact about plate 87 was that it was among the very first group of macro $10 SC faces sent to press. It therefore holds the distinction of being the only late finished plate which actually saw service at the beginning of its respec- tive issue. It wore out before the first $10 yellow seals were printed, so unlike 86, it cannot be found on those notes. It seems to occur only in blue seal regular and muled varieties in the serial range A77 —A to A78—A. The high non-mule Page 124 Paper Money Whole No. 111 serial A90853724A reported for the note in O'Donnell's catalog is erroneously high. To date, no star notes have been discovered from plate 87. Plate 86 saw later but much longer service. It participated in the printing of yellow seals, as well as several star printings. The following varieties have been reported: blue seal mule blocks AA; blue seal non-mule blocks AA, BA, and ,,A; and yellow seal blocks AA, BA, and 4 A. Potential discoveries include: plate 86-blue seal mule ,A; and plate 87-blue seal 4A and blue seal mule ,A. I under- stand that mules from 86 are very tough because the plate was used so late. Table 1. Late Finished plates and their usage. Plate Number Side Denomination Notes Printed# Usage 470 back 1 2,402,700 SC 1935A 307 face 5 569,244 SC 1934A SC 1934A Yellow Seal 86 face 10 1,203,456 SC I934A SC 1934A mule SC 1934A Yellow Seal 87 face 10 83,100 SC 1934A SC 1934A mule 204 back 20 3,328,728 FRN 1934 mule FRN 1934 Hawaii mule FRN 1934A FRN I934A Hawaii FRN 1934B # Data from O'Donnell (1977) obtained from plate record cards which now have been destroyed. $20 Back Plate 204 As shown on Table 1, $20 back 204 produced the record number of impressions in the late finished group. As a Federal Reserve back, it also produced the most varieties, including both 1934 and 1934A Hawaii notes. In fact, we have no complete record of all the different districts which were printed from it, but we do know that it was mated with faces in three different series, specifically the Series of 1934, 34A, and 34B. Details on its use are presented in Huntoon (1982a and 1982b). A summary of the types of varieties possible from this unusual plate appears in Table 1. What is missing is a complete census of known districts in the green seal Series of 1934, 34A, and 34B. It could have been mated with just about any district, both regular blocks or stars. It is most commonly found on 1934A Hawaii notes. The green seals, re- gardless of series, should be highly prized because all are scarce or rare. Only one 1934 Hawaii 204 seems to have been found and it bears serial L89374858A which was produced early during the use of the plate. Conclusion The late finished plates do not owe their origin to experi- mentation as first thought; however, they are every bit as unique and interesting. They do, in my opinion, constitute an interesting minor variety, and many of the varieties that are known are genuinely rare or very scarce. As outlined in this article, many varieties have been identified as possible but re- main undiscovered. There is still room for you to have a lucky streak by discovering one of the unknowns. I hope that some of the unknown but possible blocks in the $1 470 turn up. We badly need some more of the $1's! $5 Back Plate 637 Table 4. Record of use for $5 1934A Silver Certificate face plate 307. Plate begun: Apr 6, 1936 Plate finished: Jul 3, 1942 Press run: Jul 9, 1942 - Jul 28, 1942 Reentered:# Jul 29, 1942 Certified: Aug 19, 1942 Press runs: Aug 27, 1942 - Sep 10, 1942 Sep 15, 1942 - Sep 23, 1942 Reentered: Sep 24, 1942 Certified: Oct 19, 1942 Press runs: Nov 11, 1942 - Dec 1, 1942 Dec 3, 1942 - Dec 4, 1942 Dec 9, 1942 - Dec 23, 1942 May 12, 1943 - Jun 3, 1943 Cancelled: Jun 19, 1943 # Reentered means that the design was repressed into the plate to pro- long its life by sharpening worn details. Back plate 637 is a micro plate that created a cornucopia of rare mules, along with another equally famous micro back plate 629. There was nothing unusual about the manufacture of 629 except that it sat around for 14 years before it was finally sent to press. However, 637 was a late finished plate. Its manufacture was begun December 6, 1933, but it was never completed until November 10, 1944. It was a most productive plate, last- ing from June 1945, until mid-1949. What makes it so un- usual is the fact that it was completed with micro, instead of macro, plate numbers. Consequently it stands in a class by it- self. You can read more about this plate than you probably care to know in Huntoon (1983). References Cited Huntoon, P., 1982a, $20 FRN back plate 204 and other late-finished plates: Paper Money, v. 21, p. 174-175. Huntoon, P., 1982b, $20 back plate 204-new data: Paper Money, v. 21, p. 268. Huntoon, P., 1983, The fascinating $5 mules: Paper Money, v. 22, p. 205-212. O'Donnell, C., 1977, The Standard handbook of modern United States paper money, 6th edition : Harry J. Forman Inc., Philadel- phia, 342 p. Paper Money Whole No. 111 Page 125 Table 2. Summary of the use of Late Finished plates, and the use of their preceding and succeeding counterparts. Plate Begun Finished Used $1 Uniform Back, plate 470 469 micro Sep 1, 1936 Sep 17, 1936 Oct 6, 1936 - Jan 14, 1938 470 macro Sep 1, 1936 May 13, 1943 May 15, 1943 - Jun 18, 1943 471 micro Sep 2, 1936 Sep 24, 1936 Oct 6, 1936 - Sep 21, 1937 $5 Silver Certificate Face, plate 307 1934 306 micro 1936 Apr 3, 1936 Jul 9, 1936 - Jun 15, 1937 1934A 307 macro Apr 6, 1936 Jul 3, 1942 Jul 9, 1942 - Jun 3, 1943 1934 308 micro 1936 Jul 2, 1936 Sep 11, 1936 - Dec 11, 1936 $10 Silver Certificate Faces, plates 86 and 87 1934 85 micro Aug 16, 1935 Sep 5, 1935 Mar I, 1938 - May 24, 1939 1934A 86 macro Jan 21, 1938 May 29, 1940 Jul 18, 1940 - Jun 29, 1944 1934A 87 macro Feb 7, 1938 Sep 16, 1938 Dec 5, 1939 - Jan 16, 1940 1934 88 micro Mar 2, 1938 Mar 8, 1938 Mar 8, 1938 - May 16, 1939 $20 Uniform Back, plate 204 203 micro Oct 26, 1934 Jan 31, 1935 Apr 21, 1936 - Jan 26, 1942 204 macro Dec 21, 1934 Mar 18, 1944 Apr 4, 1944 - Oct 2, 1946 205 micro Dec 21, 1934 Jan 4, 1935 Apr 21, 1936 - Apr 26, 1937 Table 3. Dates when the late finished plates were used as compared to (1) the first use of a macro plate and (2) the last use of a micro plate of the same class and denomination. First Day that a Macro was Used Last Day that a Micro was Used Period during which the Late Finished Plate was Used Time Elapsed between the first use of a Macro and the First use of the Late Finished Plate $1 Uniform Back, plate 470 Jan 28, 1938 Feb. 8, 1940 $5 Series of 1934 Silver Certificate Face, plate 307 Jan 14, 1938 Aug 18, 1938 $10 Series of 1934A Silver Certificate Face, plate 86 Dec 5, 1939 Jun 29, 1944 $10 Series of 1934A Silver Certificate Face, plate 87 Dec 5, 1939 Jun 29, 1944 $20 Uniform Back, plate 204 Feb 7, 1941 Oct 27, 1942 May 15, 1943 - Jun 18, 1943 5 yr 4 mo Jul 9, 1942 - Jun 3, 1943 4 yr 6 mo Jul 18, 1940 - Jun 29, 1944 7 mo Dec 5, 1939 - Jan 16, 1940 -0- Apr 4, 1944 - Oct 2, 1946 3 yr 2 mo .213`fWJA inxi_ a mg) S. ES. RIT 21888962 A =PR7vVEinerts, CL 4771MA% 0, cotratLLEU It..11:135.L.ET01111:11M11.1(R11111,, DEMA.N. :11-001=01110fa___2: 21888962 A • OMPLAINTS! Complaints! That is ALL we have been hearing." Those words might have resounded through the halls of the Bureau of Engraving and Printing in the mid-1930s when it was decided to enlarge the size of the obverse and reverse check plate numbers to a more readable size. In doing so, a most significant phenomenon in U.S. paper currency was created. This change produced notes that were later known as MULES. The collecting of MULE notes has been and is one of the most fascinating areas of U.S. syn- graphics. This 13-year study is limited to the $1 Silver Certificate MULES, which only occurred in the 1935 and 1935A Series. They are the "Granddaddies" of the current, coveted $1 FRN MULES. Page 126 Paper Money Whole No. 111 THE $1 SILVER CERTIFICATE MULES by GRAEME M. TON, JR. One of only four known $1 SC 1935 MULE STARS, the rarest of all the $1 SC stars, mule or non-mule. This note also has both the highest face and back check plates observed on the $1 SC 1935 MULE STARS —H1319 and 1034 respectively. What Are MULES? How Did They Occur? The ANA Dictionary of Numismatic Terms (Colorado Springs, 1968) states: "MULE (Hybrid) A coin, token or medal whose obverse die is not matched with its official or regular reverse die, i.e. mismatched obverse and reverse." This "split personality" definition was adapted to U.S. currency whose check plates determined that they were mis- matched on the obverse and the reverse of a note. Check plates are those little numbers found in the lower right corner of the notes. There is one on the obverse (face) and one on the reverse (back). In the mid-1930s, the BEP decided to change the size of the check plate numbers from the micro .020 inch to the larger, more readable .030 inch. This was in response to suggestions to make the check plate numbers more legible. The actual change occurred in early 1938. (This change to the readable .030 size of check plate numbers carries through today, as they are the same size on currently issued currency.) At that time, it was the practice of the BEP to use the already engraved plates until they wore out, even though production was in a later Series. Plates were also refurbished to extend their useful life. These practices created the MULES, as well as the changeover pairs. A $1 SC MULE is a note that has the micro .020 inch check plate number on one side and the readable .030 inch check plate number on the other side—of the same note. The $1 Silver Certificate 1935 MULE would have the micro .020 check plate number on its face and the readable .030 check plate number on its back. Conversely, the $1 Silver Certificate 1935A MULE would have the readable .030 check plate number on its face and the micro .020 check plate number on its back. $1 Silver Certificate 1935 MULES The $1 Silver Certificate 1935 MULE is a 1935 Series with a 1935A Series reverse. This is identifiable, as the back check plate is the readable .030 inch. It is also identifiable by the back check plate number itself. The readable .030 inch size began with the back check plate 930, which was the first back check plate designed for the then-new 1935A Series of $1 Silver Certificates. The range of observed check plates found on the $1 Silver Certificate 1935 MULES is shown in Table 1. Table 1 $1 SILVER CERTIFICATES 1935 MULES Table of High and Low Check Plates Observed Low Face High Face Low Back High Back MA MULE 1310 947 NA MULE 810 1371 931 1038 PA MULE 247 1390 931 1056 QA MULE 144 1386 931 1060 RA MULE 144 1385 941 1262 NA MULE 1166 1319 961 1034 Paper Money Whole No. 111 Page 127 Enlargement of front and back check plate numbers on $1 SC 1935 MULE STAR note. As shown, the MULES in the 1935 Series occur from block MA to RA, and the *A. The largest number of ob- served 1935 MULES was in the PA block. The random nu- merical sequence of the face check plates on the $1 SC 1935 MULES indicates that quite a few residual 1935 face plates were used infrequently during the production of the 1935A Series. The Rarest $1 SC MULES The existence of the $1 SC 1935 MA MULE was dis- covered as late as 1968, some 30 years after issued. There was only one observation. It has a relatively high face check num- ber, but a relatively low back check number. There is one other known, but plate data was not supplied. With only two known, both circulated, the $1 SC 1935 MA MULE would be the rarest of all $1 Silver Certificate MULES. And, among the rarest of all $1 Silver Certificates! The note illustrated at the beginning of this article is one of only four known $1 SC 1935 MULE STARS. It is the rarest of all the $1 Silver Certificate STARS, MULE or non- MULE. This one also has both the highest face and back check plates observed on the $1 SC 1935 MULE STARS. Quite an extraordinary STAR note! Many would think the $1 Silver Certificate 1928E STAR would be the rarest, but with a census of six known, it would be in second place. $1 Silver Certificate 1935A MULES The $1 Silver Certificate 1935A MULE is a 1935A Series with a 1935 Series reverse. This is identifiable as the back check plate is the small, micro .020 inch. It is also identifiable by the back check plate number. The micro .020 inch size ended with back check plate 929, which was the last back check plate designed for use on the older 1935 Series of $1 Silver Certificates. The range of observed check plates found on the $1 Silver Certificate 1935A MULES is tabulated here in Table 2. As shown, the MULES occur in the 1935A Series in 19 different blocks. That is quite a significant number of blocks for a one-time phenomenon. The largest number of observed MULES would be in the blocks NA MULE to TA MULE. The back check plate most prevalent was 779. There were six observations of the 1935A DB MULE and five of the 1935A EB MULE. They would be the scarcest and are only known in circulated, as is the 1935A AB MULE. Four other blocks in the 1935A MULES have only one to three known in CU, or close to CU. Interestingly, the 1935A CB MULE is only known in CU. Someone hoarded them in the long ago, fortunately, otherwise we might not have any 1935A CB MULES today. A 1935A FB MULE was once re- ported. Inquiries for verifying data were unanswered. It might exist ... . Page 128 Paper Money Whole No. 111 Table 2. $1 SILVER CERTIFICATES 1935A MULES Table of High and Low Check Plates Observed Low Face High Face Low Back High Back MA MULE 3 197 437 921 NA MULE 1 278 446 924 PA MULE 6 332 563 929 QA MULE 16 442 588 924 RA MULE 44 635 555 929 SA MULE 57 693 537 929 TA MULE 142 864 537** 929 UA MULE 293 911 715 926 VA MULE 577 1058 579 924 WA MULE 555 1188 585 920 XA MULE 730 1333 626 926 YA MULE 906 1440 765 926 ZA MULE 821 1592 761 926 AB MULE 955 1617 761 926 BB MULE 1294 1552 866 916 CB MULE 900 1773 779 916 DB MULE 1597 1937 886 916 EB MULE 1813 1955 900 916 *A MULE 24 1303 499 914 .* 1935A MULE T69397212A has Back Check Plate 52. The high face check plates on the 1935A MULES follow a numerical sequence from the first, MA MULE, to the last, EB MULE. The low face and the low back are also in a rela- tively close numerical sequence. These numerical sequences would indicate the data was conclusive. The high back check plate sequence gives us some inter- esting clues on back check plate usage. Four of the more common 1935A MULES have the last back check plate pos- sible, 929. (What a collection of ending MULE plates they would make!) Five other 1935A MULES, in the more diffi- cult blocks, have the same ending back check plate 926. Four other 1935A MULES, in the scarcest blocks, have the same back check plate 916 as their high observed. Again, this indi- cates two residual plates that were around for some time. Their infrequent use would account for the occurrence of MULES in these later 1935A blocks and their scarcity today. The Great Mystery In paper currency, there are some happenings that puzzle all of us. It is one of the reasons why collecting paper currency is so fascinating. There was one 1935A MULE that defied all parameters and stretched the imagination. There is an asterisk alongside the 1935A TA MULE low back observed of 537. There was one observation of a $1 Silver Certificate 1935A TA MULE with a back check plate number 2. This was quite extraordinary as that back check plate should have been used in the production of the $1 SC 1935 AA issue. To find it 20 blocks later (about 2 billion notes) indicates something very special or unusual. It is far, far below any other low observed back check plate on the $1 SC 1935A MULES. Close examination revealed that the overall back design was a bit smaller than others examined in the 1935 Series. (Remember it is a 1935A MULE, but has the 1935 Series back.) Shrinkage of notes dried by the "wet" process could have caused this smaller design, so in itself that was not con- clusive. More conclusive were two other unusual facts about this MULE. The "2" looks more like a sideways "S." It does not resemble any other "2" examined on notes of contempo- rary issuance. Additionally, back check plates 1, 3, 4, 5, etc. have been observed on the $1 SC 1935 Series—but NO back check plate 2 could be found on a $1 SC 1935. So, what do we have here? It is $1 Silver Certificate 1935A T69397212A face check plate 591 with MULE micro back check plate 2. It is position code L, the last of a sheet. Uncut Sheets of Muled Notes Surely, one of the great treasures in paper currency to own is an uncut or partial sheet of MULES. This possibility only exists in the $1 SC 1935A VA block. It is the only 1935A block in which the uncut were issued. BEP records show that only 100 of these 1935A uncut sheets were issued. BEP records do not show how many of these were later cut into individual notes, either by the Cash Counter at the BEP or by collectors and dealers. Two full uncut sheets of 12 and one partial sheet of $1 SC 1935A VA's were observed. All were MULES. Their back check plates were of the 1935 Series, micro 774 and micro 912. There is a good chance that most, if not all, 1935A VA MULES in CU could have come from one of these sheets. (A $1 SC 1935A VA MULE in true CU would be worth $100 each.) They are scarce in CU and that is why in the long ago the uncut sheets were cut for single notes. Any time an uncut sheet of 12 MULES or a partial sheet of MULES can be acquired in which each note as a single is worth $100, you have something quite special. It might be that all $1 SC 1935A VA uncut sheets are MULES. It might be that some were MULES and some regular 1935A VA issue. If so, then the extraordinary changeover pair of VA regular to MULE would exist . . . or did exist. Better check . Muled Changeover Pairs As mentioned earlier, the practice of using residual plates also accounted for changeover pairs. A changeover pair con- sists of two notes in consecutive serial number sequence, pro- duced on the same production run, and each note having a design change. In this context, the MULE to regular note changeover would be the design change from the .020 inch to the .030 inch check plates. This is illustrated in the following example: $1 SC 1935A Q98216120A Back Check Plate 909 (MULE) $1 SC 1935A Q98216121A Back Check Plate 979 (Regular) In this example, the first note with micro back check plate 909 has the 1935 back and is a MULE. The second note with readable back check plate 979 has the regular 1935A back. Today, changeover pairs in the $1 SC MULE to regular notes are known in the following blocks: Paper Money Whole No. 111 Page 129 Micro back plate 929 and readable back plate 930. Page 130 Paper Money Whole No. 111 $1 SC 1935 PA and NA $1 SC 1935A PA, QA, SA, WA, BB, and CB Oddly, only one of each are known. It seems there should be more. The MULE note always brought a premium over the regular note. Because of this, collectors and dealers in the long ago would remove the MULE note from the bun- dles. This opportunity does not exist today. No $1 SC 1935 or 1935A bundles in the MULE blocks are known to survive. Back Check Plates 929 and 930 The actual change of design from the micro .020 inch to the readable .030 inch check plates occurred in early 1938. The BEP also wished to change some of the things on the face of the older 1935 Series. These changes were significant enough to warrant a new Series, the 1935A. When this change occurred, the last micro back check plate was 929. The new 1935A Series would start with readable back check plate 930. MULE notes, as well as regular notes, that have these ending and beginning back check plates are quite desirable. They illustrate this one-time change that occurred in our paper currency. Oddly, as you can determine by examining the Table on the $1 SC 1935 MULES, no back check plate 930 was ob- served. The lowest observed was 931, which was found on three of the six $1 SC 1935 MULE blocks, a bit unusual in itself. It was at first thought that back check plate 930 might have been skipped because of the change of size of the check plates between the 1935 and 1935A Series. This was done when the BEP changed from the wide to the narrow reverse design on the $1 Silver Certificate 1935D Series. The 1935D wide ended at back check plate 5015. The 1935D narrow be- gan at back check plate 5017, thereby skipping back check plate 5016. Further study was required. Back check plate 930 was finally found on two circulated $1 SC 1935A regular notes. One was in the XA block and the other in the AB block. Why it was found on later blocks in the 1935A Series, as the XA and AB, and not on the ten earlier blocks, leaves a lot to speculation. It might have been that back check plate 930, the first with the .030 inch size, was intended to be kept as a master or comparison plate. We have this in the $2 USN 1928, where the face check plate 1 was retained as the master. It might be that back check plate 930 had to be refurbished, which would account for its later showing in the XA and AB blocks. It might be that the BEP never intended to use back check plate 930, but somehow, inadvertently, it was placed into production. We'll probably never know, but readable back check plate 930 on the $1 Silver Certificates does exist ! Acknowledgements This study could not have been accomplished without the information unselfishly supplied by many collector/friends. With their help and support, the compilation of this data is more meaningful. I wish to thank them. As always, Chuck O'Donnell's "Standard Handbook of Modern United States Paper Money" was used for basic and key references. BEP Selling Uncut Series 1981A $1 Sheets from All Federal Reserve Districts The Bureau of Engraving and Printing is selling uncut Series 1981A $1 sheets bearing the signatures of Treasury Secretary Donald T. Regan and U.S. Treasurer Katherine Davalos Ortega from all 12 Federal Reserve Districts. Beginning March 1 with sheets from the Boston district, sheets from one district will be available each month in the Bureau's Visitors' Center and by mail. "With $1 bills of Series 1981A going into circulation soon, we felt there would be a demand for uncut sheets of that series, from all districts," Bureau Director Robert J. Leuver said. Leuver noted that the Bureau will produce 5.9 billion currency notes during Fiscal Year 1984, an increase of 22 percent over the 4.6 billion notes produced in FY '83 and 32 percent more than the 4 billion manufactured in FY '82. "We have stepped up production, without significantly increasing costs, largely to meet the demand for high-quality currency for use in automatic teller machines, change machines, and other devices," he said. The 1981A sheets will be available in 4-, 16-, and 32-subject sizes. The 4-subject sheets sold by the Bureau at numismatic and philatelic shows will be from the same district each month as those offered in the Visitors' Center and by mail. Following the 12 sales months, there will be a make-up month in which persons can purchase sheets from any district. "This is for persons who may have missed sales in a previous month," Leuver said. "But the sheets will be available only as supplies permit during the make-up month as well as the 12 regular sales months." The schedule is as follows: Month District March, 1984 Boston April New York May Atlanta June Chicago July St. Louis August Minneapolis September Kansas City October Dallas November San Francisco December Richmond January, 1985 Cleveland February Philadelphia March All districts (as supplies permit) Prices of the currency sheets in the Bureau's Visitors' Center are: 4-subject sheets, $5.50; 16-subject sheets, $20.25; 32-subject sheets, $38.00. By mail, 4-subject sheets are $9.50; 16-subject sheets, $28.00; and 32-subject sheets, $47.00. Money orders, bank-type cashier's checks, and certified checks for the exact amount are accepted for orders of currency. All mail orders should be sent to: Bureau of Engraving and Printing Uncut Currency/Souvenir Card Sales Program 14th and C Streets, S.W. Washington, D.C. 20228 Due to customs regulations and prohibitive mailing costs, the Bureau cannot accept orders addressed to customers outside the United States. NTATIoN,', TWO- bOLL ibail raiJ he 'Ft: tou Paper Money Whole No. 111 Page 131 A Rhode Island Note, Spanish Milled Dollars, and English Shillings by STEVEN A. FELLER HILE a graduate student at Brown University in Providence, I purchased the Rhode Island note shown here. Appropriately enough, I found this note in a very respectable coin shop (Podrat's) on Hope Street, one of the original streets laid out by Roger Williams. This note, for two Spanish milled dollars, has the notation that interest would be paid "at the rate of Five per Centum per Annum in like money." However, examination of the bottom left corner of the note shows that the interest was computed in English money:shillings. (s.), pence (p.), and far- things (q.). The interest was given for two time periods, monthly and annually, and amounted to: Interest, s. d. q. Annually, 0 7 1 Monthly, 0 0 21/2 Implied in these curious numbers is the exchange rate between Spanish milled dollars and English shillings. Let us see how this can be found. First we make use of the fact that 4 far- things = 1 pence and 12 pence = 1 shilling. This allows us to convert a year's interest of 7 pence, 1 farthing to 7 VI pence or 7 V4/12 shillings. Now 5% interest on two dollars is 1/10 of a dollar. Therefore: 1/10 Spanish milled Dollar = 71/4/12 shillings, or if we multiply both sides of this relationship by 10: 1 Spanish milled Dollar = 72.5/12 shillings, or 1 Spanish milled Dollar = 6 shillings very nearly. At about the same time that I purchased the Rhode Island note in question, I happened to attend an auction conducted by the firm of New England Rare Coin Galleries in Boston. One of the lots was a complete sheet of these very Rhode Island notes. Sure enough, on each note the interest was given in English money, while the notes were denominated in Span- ish milled dollars. The $20 note made the conversion between the two monetary systems especially clear. The year's interest was given as: s. d. q. 6 0 0 Since 5% of $20 is simply $1, the note implies a conversion rate of 1 Spanish milled dollar = 6 shillings. One of the great books of American numismatics is The Early Paper Money of America by Eric P. Newman. Having a copy, I investigated to find out what more could be learned about these notes. I learned that the July 2, 1780 notes were printed in the meager quantities of 2,600 each. The notes were actually authorized on July 24, 1780 (a printing error on the notes?) and March 1781. The Continental Congress reso- lution of March 18, 1780 guaranteed the payment of these notes. My curiosity was piqued by this last fact since I could see the possibility that other states might have issued similar notes. I reasoned that since the Continental Congress had guaranteed payment, perhaps other states had also issued notes under this resolution. Sure enough, other states did Page 132 State Issue Denomination shown in Newman book (in Spanish milled dollars) Interest per year (s. d. q.) Paper Money Whole No. 111 Calculated Exchange Rate (1 Spanish milled $ =) Maryland June 28, 1780 3 1 11/2 7 s./6 d. Massachusetts May 5, 1780 20 6 0 0 6 s. New Hampshire April 29, 1780 5 1 6 0 6 s. New Jersey June 9, 1780 20 7 6 0 7 s./6 d. New York June 15, 1780 20 8 0 8 s. Pennsylvania June 1, 1780 7 2 71/4 7 s./6 d. Rhode Island July 2, 1780 5 I 6 0 6 s. Virginia May 1, 1780 2 0 7 1 6 s. issue notes under this act and a complete list of such states is: Acknowledgements Maryland New York Dr. Charles Hamilton is gratefully acknowledged for his Massachusetts Pennsylvania photographic expertise. Coe College is acknowledged for New Hampshire Rhode Island allowing me to teach an exploratory term course on numis- New Jersey Virginia matics which allowed me to think about colonial paper money. Examples (one per state) can be found pictured throughout the Newman text. The denominations along with interest schedules, as on the Rhode Island note, allowed me to calculate exchange rates. A very remarkable result emerged : The exchange rate was different among the various states ! The reader is encouraged to verify this for himself using the method given here. The following table gives the results: Actually, these results are a subset from the more general problem of chaotic exchange rates among all of the American states/colonies during the whole period from the start of paper money in colonial Massachusetts at the end of the 17th century to the advent of the U.S. Constitution (and even beyond in certain cases). Appendix C of Newman's book gives a table of exchange rates over the critical years 1740-1783. The results from the 1780 issue are completely consistent with this table, although no 1780 listing is given. As a microcosm of a larger problem, it seemed to me that the analysis given in this article brings to life, in a very numismatic way, the turbulence among the various state cur- rencies. I believe it is now possible to begin to understand why the U.S. Constitution, put into effect March 4, 1789, said in part : Section 8 The Congress shall have the power 5. To coin money, regulate the value thereof, and of foreign coin .. . and Section 10 1. No state shall enter into any treaty, alliance, or con- federation; grant letters of marque and reprisal; coin money; emit bills of credit .. . Interested readers with comments or questions can con- tact me at the Department of Physics, Coe College, Cedar Rapids, Iowa 52402. References Consulted Eric P. Newman, The Early Paper Money of America (Western Pub- lishing: Racine, Wisconsin) 1976. Ted N. Weissbuch and Richard T. Hoober, Price Catalogue of U.S. Colonial and Continental Currency (Hewitt Bros.: Chicago) 1965. The United States Constitution, Section 8 and Section 10. SCRAP METAL PAYS FOR PRINTING Stockholm.—A Swedish bank note company has received an order from the soviet government to print notes aggregating a face value of 5,000,000,000 rubles, according to the Riga correspondent of Svenska Dagbladet. The Swedish company in question made the unique proposition that it would accept scrap copper and brass in lieu of cash payment, an offer which proved especially attractive to the soviet authori- ties.—Foster County Independent, Carrington, N. Dak., Nov. 30, 1922. (Submitted by Forrest Daniel) IMPORTANT BANK DECISION In the St. Louis Circuit Court an important decision was ren- dered on Saturday morning by Judge Breckinridge in the case of the Boatman's Savings Institution against the State Bank of Missouri. The Court held that the State Bank had the right to pay the five dollar bills in silver, treating each as a separate demand. Relative to bills of higher denomination the Court held that under the act of Congress of 1854, the State Bank could not tender silver coin, and decided for the Plaintiff. The amount presented for redemption was $54,840, of which sum $1,190 was in five dollar bills. The remaining $53,650 was in large bills. The Court decided that in not redeeming these bills in gold the default was made, and entitled their plaintiff to twenty per cent, per annum damages till (sic) paid, for its refusal to pay. The case was ably argued by the best lawyers in Missouri. It is said the State Bank will appeal, to which the Boatman's Savings Institution will not object, the investiment (sic) being a first class one for these dull times.—Hastings (Minn.) Independent, July 19, 1860. (Sub- mitted by Forrest Daniel) Paper Money Whole No. 111 Page 133 Figure 1. Figure 2. College Currency — IV by ROBERT H. LLOYD The Bryant & Stratton School Issues N OT the most common college currency, but certainly the most attractive, are the several issues of notes issued by the Bryant & Stratton Business Colleges in the several cities where they operated schools. The name of the founder, H.B. Bryant, is first found in a directory of Cleveland, Ohio, 1852-3. It seems that Buffalo, New York was the city destined to see the growth of the school into an intercity chain of partnerships for instruction beginning in 1854. As many as three dozen "branches" were operated at one time or another. Difficulty in running chains of this type as partnerships led to a dissolution in the late 1860s. The Buffalo school survived, to branch out later into the suburbs and Rochester, with an affiliate in Syracuse, N.Y. Over the years the school has maintained a low profile. A search of the files of the Buffalo and Erie County His- torical Society provided almost no documentation prior to 1900, and then only a few catalogs of courses were found. The Buffalo newspapers in 1954 show no mention of the 100th anniversary of the college. Incorporation took place on February 10, 1937. In his "Early Business College Bank Notes" published in 1942, Dr. John A. Muscalus lists 19 varieties of Bryant & Stratton currency. This includes the schools in Philadelphia, Providence and Toronto. The variation in the names of the colleges indicates that local partners were taken in to facilitate administration. Shown in Figure 1 is a $2 note on their National College Bank in New York City. It carries two signatures and is dated May 22, 1865. Notice that the black bar tracing of "TWO DOLLARS" has slipped out of place on the lithographic stone, falling on the words "on receipt of current funds." Other mistakes are the low placement of the counters "2" in the upper corners. Both of these impinge on the vignettes below. The $50 note in Figure 2 is of the same series, and is signed "Bryant & Stratton, Chairman" on Dec. 1, 1863. The printer is Sage & Co., Buffalo. This firm produced quite a few scrip issues in the Buffalo area during the Civil War. This note is carefully traced on the lithographic stone. A very attractive $3 note is shown in Figure 3. It is of the same issue, but may have appeared at a later date as it has a rose colored underprinting. The addition of color makes a very pleasing piece of scrip. Without date or a signature, it is a possible remainder. The two counters in the upper corners are a bit crude, but the train is identical with that on the $50 1111111110"."' Page 134 Paper Money Whole No. 111 Figure 3. Figure 4. shown above. This series was extensive, as it has one or more of every denomination to $1000 except $20, which may exist. Another series of notes was inscribed differently. These are "Bryant, Stratton & Co's" International College Bank, New York. They were printed by Hatch & Co., Trinity Build- ing, 111 Broadway, New York. They are more expertly de- signed and apparently were issued after the series shown above. Some of them carry dates into the eighteen-seventies. Shown in Figure 4 is a TEN of this series. It must be con- siderd as one of the most attractive pieces of college currency. Both varieties of the $10 have similar faces, but this latter issue has a more elaborate green underprinting showing both "X" and "TEN". The splendid eagle is long gone from American currency. This apparently later issue consisted of $1-2-3-5-5-10- 10-100-500-1000. Twenties may exist, but are not reported. These bills easily take their place with the best designs of state bank notes of this period. No fractional notes have been cata- logued to date. Many college notes are scarce, and there are few genuine reprints. Beware of modern photo-lith copies! The reason is that few lithographic stones have been saved with their original designs. Most stones were "stripped" of the impres- sions, and used again with new themes. On the other hand, copper and steel plates which produced state bank notes were just scrap after the issue was obsolete. Some of these were found in hands of bank note printers and were used to make plenty of "remainders" in the last years of the 19th century. A comprehensive collection of these college notes will make a very pleasing display of a vanished facet of local history. *** ************************************** Effective Immediately! The Editor of PAPER MONEY is GENE HESSLER P.O. Box 416 Oradell, NJ 07649 Address all advertising and editorial matter to him. Paper Money Whole No. 1I1 Page 135 Railroad Notes and Scrip of the United States, the Confederate States and Canada by RICHARD T. HOOBER (Continued from PM No. 110, Page 94) GEORGIA—continued Georgia No. 43 COLUMBUS—MOBILE & GIRARD RAILROAD The road extended from Girard to Union Springs, Alabama. 41. 1.00 Female with sword. (C) Train, between ls, red ONE. (R) ONE DOLLAR. R5 42. 2.00 Similar to No. 41, except denomination. R5 43. 3.00 (L) Indian woman, bow and arrows. (C) Train, between 3s, red THREE. (R) THREE DOLLARS. Date—July 1, 1862. Imprint—None. R5 FORSYTHE—MONROE RAILROAD & BANKING COMPANY 44. 250 (L) FORSYTHE, GA. (C) 25. (R) CENTS. R6 45. 2.00 (L) FORSYTHE, GA. (C) Female, ships, between 2s. (R) Minerva. R6 46. 5.00 No description. R7 47. 10.00 No description. R7 48. 50.00 No description. R7 49. 100.00 No description. Date—Oct. 1841, part ink. Imprint—Jas. Harris, Engraver, 58 Nassau St. N.Y. Underwood, Bald, Spencer & Hufty, Phila. & N.Y. R7 GRIFFITH— MONROE RAILROAD & BANKING COMPANY 50. 5.00 No description. R7 MACON Aik, Fte4i:UARY 1847 14E04' A it-cosi/to' FM CtiA".£Ak'Y /7/ /./.11/,:ifr / A Page 136 Paper Money Whole No. 111 MACON—MACON & BRUNSWICK RAILROAD COMPANY The company was incorporated March 1, 1856. It built and operated 200 miles of single- track standard gauge road from Macon to Brunswick, 187 miles, with branches from Cochran to Hawkinsville, and from Docks Junction to Turtle River Docks. Operations began in 1866 and continued to July 2, 1873, when the governor seized the road and placed a Receiver in charge, and title was conveyed to the state, which operated the line until February 28, 1880. It was then purchased November 4, 1881, by the East Tennessee, Vir- ginia & Georgia Railroad. It finally became part of the Southern Railway. 51. 1.00 (L) "Star of the East," ONE below. (C) Man loading bales onto wagon. (R) Bales, barrel, ONE on 1 above. R1 52. 2.00 (L) Cotton boll, TWO on 2 below. (C) Train. (R) Woman with fruit basket, 2 above. R2 53. 2.00 (L) Deer, TWO above. (C) Train, between 2s. (R) Bales, chest, anchor, 2 above. R6 Georgia No. 52 Georgia No. 54 ,tt'<‘ ( 1. fj, 1V1ACON //,/// ra ,:cianwaaiwatovo.s,. Paper Money Whole No. 111 54. 3.00 (L) Indian, THREE above. (C) Train, between 3s. (R) Sheaf, plow, spade, 3 above. Date-Feb. 1, 1867. All are black and green print. Imprint -Continental Bank Note Co. New York. Hittorff & Co. Lith. 36 Church St. N.Y. Page 137 Charles H. Clayton & Co. 157 Pearl St. N.Y. R6 MACON-MACON & WESTERN RAILROAD 55. 500 (L) Railroad car, 50 below. (R) Locomotive, 50 below, FARE TICKET. R6 56. 1.00 (L) Railroad car. (R) 1, FARE TICKET. R6 57. 2.00 (L) TWO DOLLARS. (R) 2, FARE TICKET. Date-Sept. 1, 1862. Imprint -None. R6 MACON-MONROE RAILROAD & BANKING COMPANY The company was chartered in 1833, under the name of the Monroe Railroad Company. In 1836 the name was changed to the Monroe Railroad and Banking Company, and again in 1845 to the Macon & Western Railroad. 58. 1.00 (L) Medallion head, 1 above and below. (C) Eagle, shield, between ls. (R) Medallion head, 1 above and below. R5 59. 1.00 (L) Woodcutter, 1 above and below. (C) Eagle, shield, between ONEs. (R) Pat Lyon at forge, 1 above and below. R6 60. 2.00 (L) Justice, TWO above and below. (C) Eagle, shield, between 2s. (R) Ceres, 2 below. R5 Georgia No. 60 61. 2.00 (L) Man with tablet, 2 above and below. (C) Eagle, shield, between 2s. (R) Man with tablet, 2 above and below. R6 62. 3.00 (L) Washington, between 3s. (C) Eagle, shield, between 3s. (R) Washington, between 3s. R6 63. 4.00 (L&R) Man, 4 above and below. (C) Eagle, shield, between 4s. R7 64. 5.00 (L&R) Medallion head, 5 above and below. (C) Eagle, shield. R5 C'It4tutrr, Ill _' () ./4,11elt u Macon, Va., June 1, 1 1465. t8..pleittl,e't //Jiff 'eeit tiJ 1 Page 138 Paper Money Whole No. 111 65. 5.00 (L) Indian, GEORGIA above, V below. (C) Eagle, shield. (R) Riverboat, V above and below. R6 66. 10.00 (L) Medallion head, 10 above and below. (C) Eagle, shield, between 10s. (R) Medal- lion head, X above and below. R5 67. 10.00 (L&R) Medallion head, X above, 10 below. (C) Eagle, shield, TEN. R6 68. 20.00 (L&R) Medallion head, 20 above and below. (C) Eagle, shield, between XXs. R6 69. 20.00 (L) Man, 20 above and below. (C) Eagle, shield, between 20s. (R) Woman, 20 above and below. R7 70. 100.00 (L&R) 100, medallion head above and below. (C) Eagle, shield, between 100s. Date—May 1, 1840, part ink. Imprint—Underwood, Bald, Spencer & Hufty, Philada. Danforth, Underwood & Co. New York. R7 MACON— SOUTH -WESTERN RAIL ROAD In 1851, the railroad ran from Man to Oglethorpe, a distance of 50 miles. There it con- nected with the Macon & Western line, which ran to Atlanta. The South-Western also connected with Andersonville during the Civil War, where more than 40,000 Union prisoners were held in the notorious compound. 71. 15C (L) Train. (C) Red 15 FIFTEEN 15. (R) FARE TICKET. R5 Georgia No. 72 72. 20¢ Similar to No. 71, except denomination. R5 73. 400 Similar to No. 71, except denomination. R6 74. 500 Similar to No. 71, except denomination. R6 75. 75C Similar to No. 71, except denomination. R6 76. 1.00 Similar to No. 71, except denomination, and (L) Indian woman. Date—June 1, 1865. Imprint —None. R6 (To be continued) Paper Money Whole No. 111 Page 139 Collecting Confederate Paper—Stamps and Currency by EVERETT K. COOPER T HE common relationship of 19th century United States postage stamps and the bank notes of the period had its beginning in the very earliest days of the adhesive- backed postage stamps. The common ground was that established bank note engravers-printers obtained contracts to produce these earliest issues of the newly conceived postage stamp. It was natural for the bank note engravers to choose the existing vignettes of some famous Americans that had been used on bank notes to be recycled as the stamp designs. However, a closer interrelationship of philately and numis- matics would be developed little more than a decade later when the great Civil War tore the country asunder. The Southern states in separating themselves from the union of states and forming the Confederate States of America had to do much improvising in establishing their new government. The army of this newly-conceived Con- federacy was able to improvise with a haphazard collection of old arms, civilian hunting weapons, and a variety of available militia uniforms to equip their recruits. Providing the citizens of the South with a currency and a postal system would re- quire even greater improvisation. The Confederate postmasters, most of whom were the previous United States postmasters, faced difficult times. The Confederate Post Of- fice Department, after a deadline of May 31, 1861, could no longer use the inventory of U.S. postage stamps and the Rich- mond government would not be able to provide replacements until October 1861. Worse still for the Confederate post of- fices was the constitutional mandate requiring that the postal operation be self-supporting, a new concept for a government agency. On this basis the story and collecting of Confederate paper money becomes interestingly intertwined with the col- lecting of Confederate stamps and postal items. The collector of Confederate and/or Southern Civil War paper money may not be as aware of this mutual interest as is the collector of Confederate stamps. The standard reference work for the philatelist has long been the DIETZ CONFEDERATE STATES CATALOG AND HAND-BOOK which serves as the catalog and repository for basic information on the sub- ject. Included in the current edition (1959) is a section called "Confederate Stamp Money" which lists the small denomina- tion paper money issued by some of the Southern post- masters. The DIETZ catalog is now being revised and the new edition will include an expanded section on this aspect to bet- ter inform and arouse the interest of collectors. There are numerous areas of common interest which are described in the following, along with a listing of the specific currency. Confederate Postmasters' Paper Money The civilian population of the Confederate States was quickly deprived of their coins in circulation. The new government was unable to provide coinage due to the lack of resources even though they had seized three former United States mints. An early sale of Confederate bonds required purchasers to pay in coins, the purchase of supplies abroad by a nation without credit required specie, and the natural hoarding of coin all served to drain the supply of the metallic medium of exchange. The Richmond government did not issue fractional denomination paper money until April 6, 1863, when a 50(f note was issued, and another followed on February 17, 1864. To provide for the small change demand in the Southern economy, low-denomination paper money was issued by state, county and local governments along with railroads, manufacturers, merchants and others. While a rapid inflation of the economy would seem to reduce the need for small change in everyday life, nevertheless there still re- mained commodities selling for small amounts. Postage stamps were an obvious low-value, daily need and many postmasters faced the need for small change to be able to conduct their business. Several Confederate postmasters would solve this problem, as did other business men, by issu- ing their own fractional paper currency which was redeemable at their places of business. Many of these fractional notes would specifically state that they were redeemable for the payment of postage, a few would also be stamped with their circular town and date postmark, and most would be signed by the postmaster. Printers As would be expected, with the limited resources of the South, the presses of a few printers would turn out sheets of Confederate stamps along with sheets of a variety of paper money. The government stamp contract printers were: Archer & Daly Richmond, Virginia Archer & Halpin Richmond, Virginia Hoyer & Ludwig Richmond, Virginia J. T. Paterson & Co. Augusta, Georgia Keatinge & Ball Columbia, South Carolina Thomas De La Rue & Co. London, England Each of these printers, with the exception of the English firm, also printed paper money for the government of the Confederate States of America. Also, Hoyer & Ludwig and J. T. Paterson printed a variety of currency for state and local governments in the South as well as privately issued paper money. Perhaps the most unusual would be Keatinge & Ball, who also printed paper money for themselves. During the period from the termination of the use of the United States postage stamps in the Confederacy (June 1, 1861) to the availability of an adequate supply of stamps from Richmond, the Southern postmasters faced a dilemma. This was the need to provide temporarily a substitute for postage stamps to validate the payment of postage. Approx- imately 45 postmasters would print in some form or other their own designed postage stamps; today collectors call them "Postmasters' Provisionals." Many were prepared by local job printers who, undoubtedly, during the war period would also print small denomination paper money for local mer- chants. Regrettably the identity of most of these stamp printers is obscured in history but a few are known. As an ex- ample, W. R. Robertson of Mobile lithographed an attractive stamp for the Mobile postmaster as well as lithographing cur- rency for the city of Mobile. Some postmasters would provide Page 140 Paper Money Whole No. 111 The Confederate 50c note by Archer & Daly. envelopes on which a postage design was preprinted rather than use the separate adhesive-backed stamp. An interesting example is the printed envelope from the Lynchburg, Virginia postmaster. This was prepared by a local job printer who used a stock printing die of lathework and the numeral "5" such as commonly used on currency. A scarce "variety" found on two Confederate stamps is also found as a "variety" on certain Confederate currency. The 5(C blue Jefferson Davis lithographed stamp (No. 4) and the 10¢ rose Thomas Jefferson lithographed stamp (no. 5), both printed by Hoyer & Ludwig, have the name "Camman" inscribed on the margin between two stamps. It is to be pre- sumed that this was the name of the lithograph worker who set up the printing stone. This same "Camman" name is also found in this same manner on the margin of certain litho- graphed Confederate currency which were originally prepared by Hoyer & Ludwig and later printed by J. T. Paterson & Co. Postal Cancellations on Paper Money Occasionally the circular town and date stamp used by the post office in processing the mail will also be found on some paper money. The Confederate $100 interest-bearing notes (1862 and 1863) can be found with a postal cancellation on the reverse in addition to the collection of interest paid stamps. (Eight different postmarks have been found.) Ap- parently they were applied either to indicate a date of release to circulation (these notes carried interest) or a date to which interest had been paid. A few other pieces of currency are found which also have such postal cancellations primarily when the party issuing the paper money was also the local postmaster. Apparently this was like a signature and added validity or authenticity to the currency. Common Designs The Confederate 50(C note issued on April 6, 1863 (Ar- cher & Daly) and again on February 17, 1864 (Archer & Halpin) has as a central vignette the cameo portrait of Presi- dent Jefferson Davis. This same likeness of Davis was also used on several Confederate stamps (Nos. 9, 10, 11 and 12) which also were prepared by Archer & Daly and Archer & Halpin. Of further interest is that Keatinge & Ball took over printing this stamp, and their work can be identified by what is called the "chilled plate" in which the network background surrounding the Davis portrait has become blurred. This same kind of a blurred printing variety can also be found on the 50C notes. In the early halcyon days of the war, when supplies were more readily available, envelopes were sold with a variety of patriotic designs of personalities, devices or sentiments printed on them. Included was a medallion portrait of Jeffer- son Davis on an envelope and another with a medallion por- trait of General P. G. T. Beauregard. Both of these medallion portraits also appear on a few pieces of paper money issued in the South during the war period. Mail Distribution The handling and distribution of mail was a prime part of the business activity of some who would choose to include the word "mail" in their business identity. Also, as others in the world of business and commerce, they would find the need to have their own currency printed. While Southern railroads would transport the mail and they were prolific sources of paper money, they are not included in these listings because the mail represented only a small part of their business. List of Confederate/Southern Currency with Philatelic Relationship Listed here are those items of paper money that have some aspect of relationship with Confederate philatelic - history as previously outlined. To simplify such listings the geographical location of the source of the paper money is used as the key to sequence of listing. Location/Issuer Value Date Comments Aberdeen, Miss. M. Gattman 100 9/1864 Postmaster money. Baptist Mission, C.N. William A. Musgrove 25¢ 5/2/1862 Postmaster money; postmark used. Bladon Springs, Ala. D. Partridge 10C 1862 Postmaster money. 500 1862 Paper Money Whole No. 111 Bowling Green, Ky. R. Couch & Co. 205 12/1/1861 Christianburg, Va. J. Gardner 5C 1/1/1862 25C 1/1/1862 Columbia, S.C. Keatinge & Ball 50a 3/15/1864 $1 3/15/1864 $2 3/15/1864 Columbia, Tx. W. F. Swain IOC 1862 & 1863 505 1862 & 1863 Corinth, Miss. Confederate States Exchange $3 1862 Cork, Fla. William C. Brown IOC n.d. 255 n.d. Fort Smith, Ark. Tom Vernon 100 May 1863 Front Royal, Va. Gideon W. Jones 50 9/2/1861 25a 9/2/1861 50a 9/5/1861 $1 9/5/1861 10C 9/10/1861 Little Rock, Ark. William F. Pope 10a 10/1862 255 10/1862 755 10/1862 $2 10/1862 Manchester, Va. E. Matthews 200 4/4/1862 Mobile, Ala. Lloyd Bowers la n.d. New Market, Va. John D. Zirkle 5a 8 & 9/1861 105 8 & 9/1861 25a 8 & 9/1861 50a 8 & 9/1861 $1 8 & 9/1861 New Orleans, La. John L. Riddell c 1a 20 5T toe I2a 15¢ 20a 245 25a 48C n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. * 50¢ $1 $2 $4 $5 n.d. n.d. n.d. n.d. n.d. New Orleans, La. New Orleans & Bayou Sara Mail Co. 50a 1861 & 62 $1 1861 & 62 $3 1861 & 62 Port Hudson, La. J. B. Aburer 55 12/25/1862 105 12/25/1862 Davis medallion as on envelope (Dietz G-A-3). Postmaster money. Printers of Confederate stamps & currency Postmaster money. Davis medallion as on envelope (Dietz G-A-3). Postmaster money; postmark used. Postmaster money. Postmaster & merchant; postmark used. Numerous paper & printing varieties. Postmaster money. Postmaster money; postmark used. Postmaster money. Postmaster money. Postmaster money; " asterisk indicates not found signed or circulated. Mail transporters. Postmaster money. Page 141 Richmond, Va. Confederate States 50a 4/6/1863 Davis portrait (Cr. T63). 50a 2/17/1864 Davis portrait (Cr. T72). $5 9/2/1861 "Camman" imprint (Cr. T36). $100 1862 & 63 "Camman" imprint (Cr. T39). $100 1862 & 63 "Camman" imprint (Cr. T40). $100 1862 & 63 Postmarks — Charleston, SC, Houston, Tx., Jackson, Miss., Lenoir, N.C., Richmond, Va., San Antonio, Tx., Savannah, Ga., or Shelbyville, Tenn. (Cr. T39, T40, T41). Richmond, Va. J.D. Edwards, C.S. Army 55 7/14/1862 Mail carrier. News Agent & Mail Carrier 105 7/14/1862 255 7/14/1862 505 7/14/1862 Rockingham, Va. M. J. Zirkle toe 9/1/1861 Postmaster money. 205 9/1/1861 25e 9/1/1861 $1 9/1/1861 San Antonio, Tx. The Executive Volunteer Aid Committee $2 7/1/1862 Signed by postmaster with postmark. Sangersville, Va. N. L. Blakemore 20e 11/1/1861 Postmaster money. Stafford Court House, Va. J. E. Schooler 55 9/186? Postmaster money. St. John the Baptist Parish, La. $1 3/1862 Beauregard medallion as on $3 3/1862 envelope (Dietz G-B-1). ENGRAVED ORDERS We have seen at the City Clerk's Office two books containing the engraved city orders, ordered by the Common Council some time since. They consisted of one, two and five dollar notes, having the similitude of bank notes. During the prevalence of the present hard times there is something refreshing about their appearance, and it was with difficulty that we refrained from breaking one of the Ten Commandments. They were engraved by Bald, Cousland & Co., of New York, and are creditable specimens of the engraver's art.— The Daily Pio- neer and Democrat, St. Paul, Minn., June 13, 1858. (Submitted by Forrest Daniel) HOARDING BANK BILLS The New York Post tells the following story: Mr. John Cone, who resides near Haddam, Connecticut, appeared at the counter of the Middletown Bank some days since with $1,000 of its bills, demanded the specie and got it. The profit of the bank in the transaction was clear two hundred percent—two thousand dollars. The bills were paid to John in 1835, and he care- fully wrapped them in a napkin, where they have remained ever since. He returned them to the bank pinned up in the same slips that he received with the same marks. The savings bank interest would have been nearly two thousand dollars.—Hastings (Minn.) Indepen- dent, Nov. 19, 1857. (Submitted by Forrest Daniel) gy,DIT pipTniri esm;fetvratt- 31 eriet) A 1)`' 1632 -qATIN 01 V “r, ti■Cs 1 D. a O. I'llswivto Poo,. 6ft:ft; tftrt.t at the ttf Alt mtt, lir,f0,4 , ■■■■,..,,, 1. !.Las coNvati,t, yrouww,o; 41, Mt, , tt ,oxvt. mrat Ktf■ 7 Ze: z Sib Page 142 Paper Money Whole No. 111 The Confederate States of America Cotton Loan Bonds by EDWARD SCHUMAN Several books have been written on the subject of the fi- nancial paper of the Confederate States of America. The worthless currency of the South, once used for wallpaper, today has established merit and value. In many cases, the value is in excess of the original face value. Confederate bonds have been caught in the recent scripophily boom. As a result, items not often seen are beginning to surface. One such item is the Cotton Loan Bond. The bond is imprinted with the names of two prominent banking houses of this era, Emile Erlanger & Cie., and J. Henry SchrOder & Co. (Schroeder). The family name D'Erlanger or Erlanger is a highly respected one of several generations of European Jewish bankers. Raphael Erlanger was born in Frankfurt, Germany in 1806. He was an appren- tice at the Rothschild's banking house and eventually estab- lished his own bank, Erlanger and Sons. The Erlangers be- came a part of the European banking elite. Raphael Erlanger received honorary titles from the rulers of Portugal, Austria and Saxe-Meiningen. Three sons joined in the banking opera- tion. Victor managed the Vienna branch and Frederick- Emile, the Paris branch. Ludwig took over the original Frankfort operation, later merged into the famous Dresdner Bank in 1904. The Schroeder name was also well known in banking cir- cles. J. Henry Schroeder was an established London banking house. B.H. Schroeder operated a banking establishment in Amsterdam, Holland. In partnership, these two banking houses floated one of the largest loans to the Confederacy. While the Civil War created many hardships for people of both sides of the struggle, it created tremendous economic havoc in the commodity markets of Europe. The primary ex- port of the South was cotton. The entire world was depen- dent on the cotton production of the South. With the north- ern blockade of southern ports, the avenue of shipping was greatly curtailed. Only small, swift ships were able to avoid the northern warships guarding the southern ports. While some blockade runners did manage to elude the north, by and large the blockade was effective. English cotton prices in 1860 were averaging six pence a pound. By 1861, they were up to 15 pence a pound; they reached levels of 30 pence a pound by 1863. The cotton famine touched off wide unemployment and poverty in the cloth manufacturing regions of England. The extent of eco- nomic ruin was disastrous. It was this dependency on cotton that led England and other European countries to support the South in its war for independence. One of the visionary schemes to raise money for the South was the seven per cent Cotton Loan Bond of the Con- federate States of America. There were several issues, and three denominations: £100 or Fr. 2500, £200 or Fr. 5000, and £1000 or Fr. 25000. The bonds were part of an issue of three million pounds sterling—seventy five million francs. The unique feature of the bond is the convertibility to cotton. Holders had the option of converting the bond to cotton based at the price of six pence a pound. Forty thousand The Confederate States seven per cent Cotton Loan Bond. pounds of cotton could be exchanged for the £1000 bond. The bond reads, "At any time not later than six months after the ratification of a Treaty of Peace between the present belligerents." Notice of the intention of converting the bond to cotton was to be given to the Confederate representatives in Paris or London. Sixty days after such notice, the cotton was to be delivered, if at peace, at the ports of Charleston, Savannah, Mobile or New Orleans, and if at war, at a point in the interior within ten miles of a railroad or stream naviga- ble to the ocean. NIPIPSIVARN Of THE CONFEDERATE STATES Of AMERICA, ,orookoo on Fag. 75,000,0)0. UPON 1 kit" 1680. Jost . Ifor.iS7.5 43' r j c.43111% lilt Nat'l011, ADIfiterthtM A 1014.10%) 7 fER.a 3:CDTTONLOAN Of THE CONFEDERATE. STATES * AMERICA, le* 44,000,000 os P sa 7,53000,000. UPON' 1.4111014.11179.1 J. thltscr Scar5balk,S; tie., Louden, Fartur ErLimasx ,$0o., Pa*, • liirLdZZ Fau,Arrosit, Vr€iraicfretc tsars. B. H. c * fro., ArrMerilara Urleth,) NNe. ° *th . (*I• • rt. 9740 *4*fis du jotir otoi3 7 PER CENT. COTTON LOAN Of THE CONFEDERATE STATES OF AMERICA, Fos ',000,tx)0 oa FRE. 75,000,000. PON Jkshiro. with.. Patio: te • Pr, 8740 r. RtritA1hl.gaLL*0004 Flnukfort elorrs, B. TA. Scnkr•rs Pet*, **tardy* y "Mir* (In *Iry iai 9.ven (:),Lak,) %*v- THE CONFEDERATE STATES os 1 a. 76,000,000. Checks, Stocks & Bonds, And More! Join us and receive our quarterly journal, THE CHECKLIST • Information on all aspects of banking and business paper collectibles • Club Auctions • Free Classified Ads Regional chapters are being organized, slide pro- gram available, book projects, swap-box, and the friendliest collectors anywhere! For more inlormatior. ccritac Oak toilworn Rounb Table Charles Kemp, Secretary 481 Morse #70 • Troy, Michigan 48084 Paper Money Whole No. 111 Page 143 Coupons from the Cotton Loan Bond. A unique clause was inserted as to the quality of the cot- ton. "If any Cotton is of superior or inferior quality, the dif- ference in value shall be settled by two Brokers, one to be appointed by the Government, the other by the Bondholder ; whenever these two Brokers cannot agree on the value, an Umpire is to be chosen whose decision shall be final." The bond is imprinted both in English and French. It is signed by Emile Erlanger and J. Henry Schroeder, both names also appearing on the sides of each bond. It is im- pressed with the Great Seal of the Confederacy Treasury De- partment and countersigned by two agents of the govern- ment. It also bears an English embossed tax stamp of two shillings as required by British law. A further incentive was a cash bonus on September 1, 1883, the principal due date. An extra sum of three pounds ten shillings was to be paid by J. Henry Schroeder in London, or Fr. 87.50 by Erlanger in Paris. This is on a £100 bond, with double for the £200 and ten times for the £1000 bond. The equivalent in exchange was payable paid by Messrs. Raphael Erlanger in Frankfurt and Messrs. B.H. Schroeder and Co. in Amsterdam. The bond contained 40 coupons, each inscribed with the date of interest payment. Four coupons have been clipped from my specimen and redeemed for the interest. Coupons from a £100 bond are illustrated. With the surrender of the South, the bond became worthless. The fact that worthless bonds of this nature exist is beyond comprehension. In due respect, the printing is far superior to any other Confederate bond. The fine rice paper has withstood the ravages of time. The vignette is sharp and clear and portrays a woman dressed in a long, flowing gown leaning against several bales of cotton at the ocean's edge. A three-masted sailing vessel is in the distance. The woman is holding a flag with 13 stars and three broad stripes. The oft-repeated phrase, truth is stranger than fiction, certainly can be applied to the value of these bonds. The prices asked at English dealers for these would leave you to think that they still had the convertible feature. Believe me, we were there last September. Page 144 Paper Money Whole No. 111 The Seripophilist Match-ups — and Josiah Morris by JACK WEAVER New Orleans City Bank It would be hard to find a check/note match -up closer than these two. T HOSE of us who collect old checks are not as much on the defensive with our fellow collectors as we once were. With our Check Collectors Round Table ap- proaching the ripe old age of 15, we feel we have established that collecting financial documents is a "legitimate" branch of numismatics. On the other hand, we are happy that the parameters of our hobby are not yet set in concrete and that there is still room for innovation. One category of check collecting that I have found es- pecially challenging is "match-ups". My definition (and I've found no one else with the same interest) is pairing of a check drawn during or before the Civil War with a piece of currency issued by the bank on which the check is drawn. Now, one could also try to match 1863-1929 checks with National Bank Notes from the same period, but my purse is not deep enough for that. There is probably no way to compile a list of all the pos- sible match-ups. It would surely be a long list since banks that issued currency must have used official (cashier's) checks and/or correspondent drafts, even if they didn't offer ac- counts subject to check. I also consider certificates of deposit appropriate matches for notes. After about ten years of semi- diligent searching, however, I still have only 29 pairings. These check/note combinations represent 12 states, one pair- ing from each of the following unless otherwise noted: Ala- bama, Connecticut, Delaware, Louisiana (3), Maryland (2), Massachusetts (4), New York (5), North Carolina, Ohio, Pennsylvania (7), South Carolina (2), and Vermont. It's time now, I think, to direct my matching efforts toward increasing the number of states represented in my collection. One of the more active dealers in obsolete cur- rency recently sent me his list, offering 27 pages of "Obsolete and Southern State Notes." There is bank-issued currency listed from 30 states and the District of Columbia, so there is still plenty of work out there to do. A basic problem with matching is that a collector pretty much has to take a position on one side or the other. He has to acquire either a check and then go looking for the match- ing currency, or vice versa. It is very seldom that one can compare a list of checks offered by one dealer against a list of notes offered by another and then order both items. It makes the most sense to get a copy of Criswell's "North American ''/(77 /12"/ 18:3 - BAN Pi OF PENN TOWNSHIP', PAY to the'order /1 / /If( 'tilled Dollars 710 Cents. /Ze7-c . ilf the Building Clenanduee of The Preston Retreat, •• PHILA." )L1 P IA, From Tilt Dank of Chester Cont AP XV' Ply . Paper Money Whole No. 111 Page 145 The Bank of Penn Township, Philadelphia If you are philatelically inclined, then try for triple match-ups. Page 146 Paper Money Whole No. 111 The West River Bank, Jamaica, Vermont The check is not "Civil War or earlier" vintage, but the match -up of type style surely qualifies these. Currency," any similar catalogs that might be available, and a big stack of dealer lists. Then when a pre-Civil War check on the "State Bank of Siwash, Florida" becomes available, a collector can snap it up if, by checking out the catalogs and lists, he can establish that currency on that bank really does exist. Incidentally, I have yet to see a match-up offered by a dealer. With most of us, our collecting is a rather private thing, not something we work into our conversations with non-col- lectors. Once in a while, we do and I am glad I did the other evening after a sumptuous dinner at the home of a neighbor. I knew our hostess had been born and raised in Montgomery, Alabama (there are not many such here in California) and I found myself telling her that I had acquired a very handsome check drawn in 1862 on a bank in her home town. I explained that that in itself was something a little special since checks drawn in the deep South during the Civil War don't come along every day. In addition, I had just located a $2 note— albeit a rag !!—on the same bank. I described the bright red- on-white check, drawn in June, 1862 with "Josiah Morris, Banker" across the top in big letters, then the bill dated only two week earlier. Being one of the most polite ladies I know, she listened to the whole story, then said very calmly, "Josiah Morris was my great-grandfather." With that, she ran to her library and returned with an oil painting of banker Morris and a $1 note every bit as ragged as mine that she had treas- ured since she was a teenager. Now you know which of my match-ups is my favorite. I am asking Ye Editor to include my address somewhere with this article, hoping to hear from anyone whose collecting interests parallel mine. Jack Weaver 644 Knollwood Drive Woodland, CA 95695 Ph. 916-662-8490 Home 916-662-2642 Office 07 PIASTRES l cow .11ANIVI3tSAIlif !ft 171.11HIV:IEE 111: E Ti-Lt = PIASTR Paper Money Whole No. 111 Page 147 Quebec City Grocery Store Releases Trade Notes by JERRY REMICK T HE J. A. Moisan grocery store of Quebec City released a set of six colorful trade notes on February 15, 1984. The notes commemorate the 450th anniversary of Jacques Cartier's first voyage to Canada and to the shores of Quebec Province in 1534. A portrait of Jacques Cartier is shown at the left side of the obverse and Cartier's ships are pictured in the center. A serial number in red is shown in two places. The official re- lease date of February 21, 1984 appears near the bottom. A photo of the J. A. Moisan grocery store taken a few decades after it was opened in 1871 is featured on the reverse. Each denomination shows the same design and differs only in color and denomination numeral. The notes were designed by numismatist Boris Maltais, the owner of J.A. Moisan. The plates were engraved and the notes were printed on a high quality bond type paper con- taining tiny colored paper planchets, by J.B. Deschamp Inc. of Beauport, Quebec, a subsidiary of the Canadian Banknote Company Ltd. Each denomination has its own basic color. The reverse design and lettering appears in this color. The obverse design and lettering is printed in blank with a lighter shade of the de- nomination's color in the background. The color and maxi- mum number printed for each denomination are: 3 sous (40,000) red, 5 sous (30,000) golden yellow, 10 sous (12,000) green, 50 sous (1,500) blue, 1 piastre (1,500) brown and 2 piastres (1,500) orange. The terms sou and piastre are used instead of cent and dollar as they refer back to French usage during early Quebec times. Actually, the terms sou and piastre are still commonly used throughout Quebec today. Two different 33 mm. nickel trade tokens of 30 sous value, featuring the portraits of Jacques Cartier and Samuel de Champlain on the obverse and the J. A. Moisan store on the reverse, fill the gap between the 10 sous and 50 sous trade note. A 30 sous trade token with the portrait of Pope John Paul II will be released in April. The notes and tokens are given to store customers at the rate of 1% of the total value of their purchase. They are valid for merchandise in the store at any time and bear no expira- tion date. Restaurants and other firms purchase in bulk from J.A. Moisan and for that reason the higher denominations were printed. A complete set of the six 1984 trade notes in a plastic holder is available at $5.50 postpaid from J.A. Moisan, Attn. Boris Maltais, 699 rue St. Jean, Quebec City, Quebec, Canada, G1R 1P7. The 3, 5 and 10 sous are available at $1.00 postpaid each. The other denominations are available NATI88Al 1A111 OF FAIRBANKS ALAW1 tom: 1111 WILARS 1100517 7718 AIIMITIVANA11101111141611‘&11311.050 1111101110. Mk at FAIRBANKS ALAYIA Page 148 Paper Money Whole No. 111 only in the complete sets. The notes are striking and attrac- tive. The trade tokens are available at $1.50 each postpaid. This is the firm's third yearly issue of trade notes. In De- cember 1983 the firm released a 5 sous trade note commemorating the 375th anniversary in 1984 of the foun- ding of the city of Trois Rivieres (Quebec). The note is available at $1.00 postpaid. The J.A. Moisan grocery store maintains the furnishings of the end of the 19th century throughout and is one of the sights officially recommended to visitors to Quebec City. The store carries a very large variety of imported tea, coffee, flour, dried fruit, spices, herbs, rice, beans, jams, jellies and canned goods from a great many foreign countries. A visit to the store is like a trip back to the 19th century. There are a number of fragrant aromas in various sections of the store. Large Star Note Catalog Nearing Completion The status of the overdue catalog of large size U.S. replacement (star) notes has been revealed by Doug Murray, author of the book. The original plan was to issue two catalogs, the first in the fall of 1982, followed by an updated special edition in 1985, commemorating the 75th anniversary of star notes. It was hoped that the first catalog would stimu- late many additional reports, thereby making the Anniversary Edition much more complete. However, the 1982 edition turned out to be a victim of the then-sagging economy. As the currency market deteriorated, the chance greatly increased of a financial loss on the privately funded book. Therefore, plans for a late 1982 edition were canceled, and emphasis on the 1985 special edition was made. The "Handbook of United States Large Size Star Notes 1910 - 1929" will list by serial number each of the 1,933 large stars reported thus far, (plus those reported until the July ANA Convention) and will utilize both Friedberg and Hessler catalog numbers. The 80-page, 6" x 9", soft cover book will contain over 60 clear photographs showing each type (United States Notes, Silver Certificates, Federal Reserve Bank Notes, Federal Reserve Notes, and Gold Certificates) and the acknowledged Friedberg/Hessler varieties. It will have a two- part format. The first will contain summary information for each type, such as the number of possible and known star sig- nature combinations, the total number of notes reported, and totals by signature combination. Pricing in three grades will also be presented. The second part will also list by type (USN, SC, FRBN, FRN, and GC) all of the serial numbers reported, as well as signatures, plate data, approximate grades, and, again, both Friedberg and Hessler catalog numbers. This is a final appeal to all collectors and dealers, who have not done so already, to please contribute information on their large size star notes to make the 75th anniversary catalog as complete as possible. Your identities will be held confi- dential. Please send the following information to Doug Mur- ray, P.O. Box 2, Portage, Michigan 49081: 1) Type of note; 2) Serial number ; 3) Signature combination; 4) Face plate number and position letter; 5) Back plate number; 6) Approximate grade of note. The Practice of "Note Snipping" During the 1929-1935 National Bank Note Issuing Period by M. OWEN WARNS The practice of "note snipping," while not generally known to the public or accepted in banking circles, resulted in fascinating tales from out of the past told by bankers who themselves practiced this art (?). However, it did provide a pretentious act of "showing off" that usually took place when a banker would invite pals or close friends out to dine. The method employed was to place the easily folded sheet of notes in the inside pocket of a jacket where it could be conveniently taken out along with a small pair of scissors. When the time came for the payment of the check, the banker would nonchalantly withdraw the sheet and "snip" off the proper number of notes and hand them to the astonished waiter. He then watched for the shocked ex- pression of his guests when the waiter returned with his change. Bankers were known to have taken this practice a step further by perforating the spaces between the notes to facili- tate the completion of a transaction. Needless to say, this unusual mode of payment brought to the perpetrator a flare of notoriety as well! PUBLICATION CONSULTED Standard Catalogue of National Bank Notes, by John Hickman and Dean Oakes. Courtesy—John T. Hickman The above example of a "snipped pair" consists of the top two notes from sheet #87 of $5 Type 2 notes issued to The First National Bank of Fairbanks, Alaska. Paper Money Whole No. 111 Page 149 Rendezvous. Shuttle bus service will be available between the Convention Center and the Peabody Hotel, which are several blocks apart. Several area hotels are available for lodging also. 1983 Souvenir Card Sales The 1983 souvenir card proved to be popular. Of the original 10,000 cards printed, 5,550 were sold. The remaining 4,450 cards were removed from sale and destroyed on December 31, 1983. Thank you for your support of this pro- gram! 1984 Souvenir Card Interest Bearing Notes 1,adTims One of the busier times of the year is about upon us. All kinds of events and programs are being announced in this col- umn and elsewhere in this magazine, so be sure to read every- thing carefully. We don't want you to miss anything which may be of interest. MEMPHIS We will again be holding a number of activities in con- junction with the Memphis Coin Club's International Paper Money Show which will be held in Memphis on June 15-17, 1984. Board Meeting An SPMC Board Meeting will be held at 9 AM, Satur- day, June 17 at the Cook Convention Center. Visitors are welcome. General Meeting: The SPMC general membership meeting will be held at 10 AM Saturday, June 16 at the Cook Convention Center. We are pleased to have as speaker Richard J. Balbaton, well- known collector and dealer, who will talk on "French Bank- notes." This program will be illustrated with slides. Informal Barbecue Dinner SPMC informal barbecue dinner will be held Saturday June 17 at 6:30 P.M. at The Rendezvous, a restaurant located across the street and up the alley from the Peabody Hotel. Tickets are required for this event and are $13 per person. They should be ordered by June 10 from Mike Crabb, SPMC Informal Dinner P.O. Box 17871 Memphis, Tennessee 38117 Remember, if you are a member of the SPMC Patron's Association, the coupon you received for the Memphis event when you joined the Patron's Club will be honored for this event. Also, please remember that arrangements for Memphis this year are different than in past years. The show itself will be held at the Cook Convention Center, located at 225 N. Main Street. The SPMC Board and membership meetings will also be held here. The auctions will be held at the Peabody Hotel, located at 149 Union Avenue. The SPMC barbecue dinner will be held across the street from the Peabody, at the Elsewhere in this issue you will find details regarding this year's souvenir card. The card features a $100 Bank of the State of Indiana note with portraits of Hugh McCulloch and James M. Ray, both officers of the bank. As in the past, the card has been produced by the Ameri- can Bank Note Company from original plates by the intaglio process. Ten thousand cards have been printed and will be available at the International Paper Money Show in Memphis for $4.00 each. Mail order prices are detailed in an ad which shows the card elsewhere in this issue of the Journal. Any re- maining cards will be removed from sale and destroyed on December 31, 1984. I'd suggest you order early. SERVICE AND LITERARY AWARDS You will find details regarding SPMC's awards program in this issue. We believe in a comprehensive program for rec- ognizing both service and literary contributions. The 1984 awards will be presented at the SPMC/IBNS banquet in Detroit at the ANA Convention July 30, 1884. ANA We will also be having our usual group of activities and events at the ANA convention in Detroit this year. We en- courage you to participate. As of now, our scheduled events are as follows: Board Meeting—Our annual Board meeting is open to any interested members. It will be held at the Westin Hotel, Marquette Room A. General Membership Meeting—The SPMC general membership meeting will be held at 10 AM at the Westin Hotel, Marquette Room B. AWARDS BANQUET AND RECEPTION—We are again co-sponsoring our annual gala event with our friends from the International Bank Note Society. Service and Literary Awards will be presented and we will have the popular "Tom Bain Raffle." The speaker for this event will be Neil Shafer of Milwaukee, Wisconsin, well-known numismatist and author, and president of IBNS; his topic will be "U.S. Depression Scrip of the 1930s," illustrated with slides. The reception starts at 7 PM with the banquet itself to follow at 8:00. These events will be held in the Westin Hotel, Marquette Room B. IMPORTANT! Advance reservations are almost an absolute necessity for this event, due to the fact we need to Page 150 Paper Money Whole No. 111 let the hotel know how many meals to serve. In order to avoid being left out of this fun evening, please send your reservation TODAY. Tickets are $22.00 per person. Re- quests for tickets should be accompanied by a check made payable to SPMC and should be sent so that the request arrives NO LATER than July 20, 1984! All tickets will be held for pick up at the SPMC table in the bourse. PLEASE .. . Send your reservations to: James F. Stone SPMC/IBNS Awards Banquet P.O. Box 89 Milford, New Hampshire, 03055 SPMC BOOK PROJECT As of this writing, the SPMC manuscript for the Society's latest Wismer book project, ALABAMA OBSO- LETE NOTES AND SCRIP, (1984) by Walter Rosene, has been sent to the printer. We expect to have copies for sale at the SPMC table in Memphis. The price will be about the same as previous books—$12.00 to members; $15.00 to non- members. A complete review and information will be in the July/August issue. ELECTION OF GOVERNORS Also enclosed in the envelope with this issue is your mail ballot and special envelope for the Board of Governors elec- tion. An article featuring the candidates and their back- grounds also appears in this issue. Ballots should be returned no later than July 15, 1984, in order to assure that they will be counted in Detroit. All ballots remain sealed until they are opened by the Ballot Committee at the ANA convention. Since the Governors serve as "movers and shakers" for the Society and its policies, I urge you to vote for people whom you feel are the best qualified. CHANGE OF EDITOR Effective with the May/June issue of Paper Money, its long-time editor, Barbara R. Mueller, is leaving her position after more than 18 years of service to the Society of Paper Money Collectors. It is with regret that we see her leave, but according to her statement, "I hate to leave my 'baby' but if I am ever to achieve certain personal goals in both philatelic and numismatic journalism, I must be free of the demands of a regular publication schedule." Effective May 1, 1984, Gene Hessler will assume the duties as Editor of Paper Money, and all editorial and adver- tising correspondence should be addressed to him at P.O. Box 416, Oradell, New Jersey 07649. Gene is a well-known syngraphic author, and we look forward to working with him. Barbara's expertise and dedication to Paper Money will be missed, and we wish her well in her new ventures. That's about it for now. I hope to see many of you in Memphis and Detroit. BARBARA R. MUELLER The Buck Stops Her Effective with this issue of Paper Money, I am resigning my position as Editor. I am doing so in order to pursue other philatelic and numismatic projects that are less demanding and confining. For the record, I would like to point out that I began my service to SPMC with the Volume 3, Number 1, Winter 1964 issue. (We are now in Volume 23.) In mid-1976, I relin- quished the post to Doug Watson. Upon his resignation in mid-1978, I was prevailed upon to reassume the editorial re- sponsibility for PM on a "temporary" basis until a perma- nent replacement could be found. Now, more than five years later, this replacement has been found in Gene Hessler, well- known syngraphic author and compiler of catalogs. During nearly two decades of service to SPMC, I have seen this magazine grow from a 24-page quarterly to a bi- monthly of 52 to 60 or more pages. In 1982, the Numismatic Literary Guild declared PM to be the best publication of a numismatic organization with a membership of one hundred or more. I certainly cannot take all the credit for the growth of PM in size and stature. Without our many faithful authors and society officers, I would have been unsuccessful. To- gether we have produced, under often trying conditions, a magazine in which all SPMC members can take pride. In a way, I hate to leave my "baby" but I feel if I am ever to achieve certain personal goals in both philatelic and numismatic journalism, I must be free of a regular publica- tion schedule. As I leave, I ask you to cooperate with our new editor. Gene needs no introduction from me. I am certain that he can guide PM to even greater heights of success. To insure continuity and to expedite the publication schedule, please direct all editorial and advertising corres- pondence to Gene Hessler at P.O. Box 416, Oradell, NJ 07649. Writing to me will only result in unnecessary delays. This change is effective right now, from the time you read this column. So long for now. Paper Money Whole No. 111 Page 151 MEET THE CANDIDATES For SPMC Board of Governors As required by our Constitution, one-third of the Board of Governors is to be elected each year for a three-year term. This year we have six people running for the five vacancies. So that you may have a little better idea of each candidate's background, interests, and ideas, we have put together a thumbnail sketch of each individual along with his picture where possible. Elsewhere in this issue you will find your mail ballot. We strongly urge you to exercise your voting franchise and return your ballot as soon as possible. Respectfully Submitted, Nominating Committee Walter Allan, Chairman Charles Colver Steve Taylor WILLIAM H. HORTON, JR. Bill, born in Newark, N.J. in 1951, is currently working as superintendent for the Lake Mohawk-Sparta Water Co., Sparta Mountain Water Co., Blairstown Water Co., and the Prospect Point Water Co. Married in 1974 to Jacqueline Franson, he has one son, William III. A founder of the Garden State Numismatic Association in 1975, Bill served as its first president until 1979. He has held or currently holds offices in GENA, OIN, and the Cur- rency Club of Chester County, Pa. He was appointed a dis- trict representative of ANA to New Jersey in 1976. A prolific exhibitor, he has captured over a hundred awards since 1972. He also has given over thirty educational presentations to coin clubs and was recently recognized by ANA with a special educational award for having given ten or more talks to member clubs. PETER HUNTOON Peter W. Huntoon, 41, is a candidate for reelection to the SPMC Board of Directors. Huntoon is a Professor in the Department of Geology, University of Wyoming, at Laramie. More important, he is an avid collector of U.S. paper money, having been active in the hobby and the Society since 1963. His collecting interests focus on the National Bank Note issues of Arizona, Wyoming, and the territories, and also small size type notes. Huntoon has authored numerous articles and books on paper money, and his work appears regularly in PAPER MONEY under the banner "The Paper Column." Last year, the SPMC published TERRITORIALS—A Guide to U.S. Territorial National Bank Notes which he wrote for the Society. In 1970, he co-authored the SPMC book "The National Bank Note Issues of 1929-1935" with Van Belkum and Warns. Huntoon strongly supports the publication and educa- tional programs of the SPMC, and has taken a long term personal stand against the doctoring of paper money by so- called restoration experts. DONALD MARK Don Mark of Adel, Iowa, has been a collector of coins and paper money since the early 1960s. A member of the Society of Paper Money Collectors since 1972, Don is an ac- tive collector and researcher of Iowa National Bank Notes. Don has been very active in numismatic organizations. He is past-president of the Iowa Numismatic Association, Page 152 Paper Money Whole No. 111 and has served on the Board of Governors of the Central States Numismatic Society. He is currently on the Board of the William R. Higgins, Jr. Foundation. The Higgens Mu- seum in Okoboji, Iowa is a unique collection of National Bank Notes and artifacts. Don is a member of the American Numismatic Association, Iowa Numismatic Association, and Central States Numismatic Society, in addition to several local coin clubs. Currently Don is floor manager for Dahl's Food Store in Des Moines, Iowa. Don is 33, married, and has one son, Austin. His other interests include traveling and antique cars. STEVEN WHITFIELD Steve Whitfield is a career Engineer Officer in the United States Army. He attended Universities at Kingston, Rhode Island and Lawrence, Kansas, where he received advanced degrees in Civil Engineering and Business Administration. Inheriting the collector instinct from his father, he has col- lected everything from baseball cards to coins for more than thirty years. Working in a bank during the late 50s ac- quainted him with large size U.S. bank notes when many such notes were turned in for redemption. Most of those notes were sold to dealers for a dollar or two over face and the remainder had to be redeemed for college expenses. The late 60s rekindled an interest in paper and his current interests include Kansas obsolete notes and checks; small size U.S. type notes; souvenir cards; inexpensive world paper money; Bank of Whitfield notes; Canadian and U.S. stamps; finan- cial history of Rhode Island and Kansas; and any bank re- lated material from Lawrence, Kansas. His interests and efforts are mainly in learning as much as possible about the history of the notes and the men responsible for their issue and then sharing the information. He has written articles for Paper Money, the Bank Note Reporter and the Check List and recently received an SPMC Award of Merit for his work on the combined Indian Territory/Oklahoma/Kansas Obso- letes book. CHARLES KEMP Charles Kemp is a graduate of Henry Ford Community College and is employed as an automotive die designer by a Detroit area engineering firm. He has been collecting paper money of various types, as well as checks and other fiscal paper, since 1970 and is a 12-year member of SPMC. During this time Charles has writ- ten articles for Paper Money and The Numismatist, among other publications. In addition to his writing, he has served as secretary for the Check Collectors Round Table for the past three years. If elected, Charles would like to see effort concentrated on bringing in new members and suggests that methods such as running ads in commercial hobby publications be tried. These have proved to be very successful for the Check Col- lectors and should prove beneficial for SPMC as well. BARRY WEXLER Barry Wexler, 46, of Nanuet, NY, is an accountant by profession, a graduate of City College of New York. For sev- eral years he served as controller of various textile firms. After having collected coins and obsolete notes for a decade, he established his own numismatic firm, NumisValu, Inc., a little over a year ago. "Now, as a full-time dealer specializing in obsolete cur- rency, I enjoy the company of 'Paper People.' I am also a member of ANA, ANS, and F.U.N. I'm married, have two children, and live in Rockland County, NY, where I garden around my home and play 'fast pitch' softball." Paper Money Whole No. 111 Page 153 COMING EVENTS PAGE — National Events — MEMPHIS, TENNESSEE—June 15-17, 1984; Memphis Coin Club's 8th International Paper Money Show, Cook Convention Center, 225 N. Main Street, Memphis, Tennessee. Saturday, June 16, 9:00 A.M. SPMC Board Meeting, Cook Convention Center. Visitors Wel- come. Saturday June 16; 10:00 A.M. SPMC General Membership Meeting, Cook Convention Center. Speaker: Richard J. Balbaton of North Attleboro, Massachusetts, collector and dealer, who will talk on "French Banknotes," illustrated with slides. Members and visitors welcome. Saturday, June 16; 6:30 P.M. SPMC Informal Barbecue Dinner, at The Rendezvous, a restaurant located across the street and up the alley from the Peabody Hotel. Choice of ribs, chicken, or beef ; cheese tray, beer or beverage (cocktails extra). Tickets are re- quired for this dinner and are $13 and can be ordered from Mike Crabb, P.O. Box 17871, Memphis, Tennessee 38117. (Make check payable to SPMC) Mail orders should be received in Memphis by June 10, 1984. SPMC PATRONS ASSOCIATION CER- TIFICATES for 1984 will be honored for this event. A paper money auction will be conducted by Kagin's at the Peabody Hotel, located at 149 Union Avenue, Memphis. SPMC will have a table outside the bourse area, with SPMC membership information, Society books, and 1984 souvenir cards. The Society's latest book in the Wismer Series, ALABAMA OBSOLETE NOTES AND SCRIP (1984) by Walter Rosene, will be available at the table. DETROIT, MICHIGAN —July 28 - August 1, 1984; American Numismatic Association 93rd An- niversary Convention, Cobo Hall Convention Center, 1 Washington Boulevard, Detroit, Michigan. SPMC Meetings and events will be held at the Westin Hotel, 1400 "R" Street, Detroit, Michigan. Monday July 30 - 7:30 A.M. SPMC Board Meeting, Marquette Room A. Visitors welcome. Monday July 30 - 10:00 A.M. SPMC General Meeting, Marquette Room B. Monday, July 30 - 7:00 P.M. SPMC/IBNS Reception. Cash bar. To be held at Marquette Bridge, off from other Marquette rooms. Monday July 30 - 8:00 P.M. SPMC/IBNS Awards Banquet, Marquette Room B. Featured speaker will be Neil Shafer of Milwaukee, Wisconsin, well-known numismatist and author, and president of IBNS; his topic will be "U.S. Depression Scrip of the 1930s," illustrated with slides. Advance reservations for the SPMC/IBNS Awards Banquet are required, and are $22 (includes everything). Orders for tickets should be received by July 20, and should be sent to James F. Stone, SPMC/IBNS Awards Banquet, P.O. Box 89, Milford, New Hampshire 03055. Please make check or money order payable to SPMC. The annual SPMC Tom Bain Raffle will be held following the banquet and presentation of awards. The Society will have a table at the convention along the "Club Midway" during regular bourse hours. SPMC membership information, Society books, and 1984 souvenir cards will be available. Page 154 Paper Money Whole No. III SPMC Annual Awards 1984 SPMC Awards will be presented at the continuation of a related series on different American Numismatic Association Convention in subjects; these to be considered as separate Detroit Michigan, on July 30th, 1984, as follows: articles. 1. Nathan Gold Memorial Award. Established and formerly (1961-1970) presented by Numismatic News. Presented to a person who has made a concrete contribution toward the advancement of paper money collecting. Recipients, who need not be members of SPMC, are chosen by the Awards Committee. 2. Julian Blanchard Memorial Award. Awarded to a member of SPMC for an exhibit, at annual ANA conventions, of proof notes, tie-in of stamps and paper money and/or notes with matching vignette proofs and other related material. Notes may be of any kind and of any period or country. The Awards Committee or a committee appointed for the purpose will select the recipient. 3. Award of Merit. For SPMC member (or mem- bers) who, during the previous year, rendered sig- nificant contributions to the Society which bring credit to the Society. May be awarded to the same person in different years for different con- tributions. Recipients to be chosen by the Awards Committee. 4 Literary Awards. First, second and third places. Awarded to SPMC members for articles pub- lished originally in Paper Money during the calen- dar year preceding the annual meeting of the Society. A. An Awards Committee member is not eligible for these awards if voted while he is on that committee. B. Serial articles are to be considered in the year of conclusion, except in case the article is a C. Suggested operating procedures: The Awards Committee chairman will supply each committee member a copy of the guidelines for making awards. Using the grading factors and scoring points which follow, each member will make his selec- tion of the five best articles published in the preceding year, listing them in order of preference. The lists will be tabulated by the chairman and the winners chosen. A second ballot will be used to break any ties. D. Grading factors and scoring points: a. Readability and interest—Is the article interestingly written? (20 points) Is it understandable to someone not a spe- cialist in the field? (10 points) Would you study the article rather than just scan through it? (10 points) b. Numismatic information conveyed—In your opinion, will the article be used by future students as a reference source? (20 points) Has the author documented and cross referenced his source ma- terial? Give credit for original research and depth of study. (20 points) Is the subject a new one, not previously researched, or a rehash? If it presents a new slant on an old subject, give proper credit. (20 points) 1984 Awards Committee Steven Whitfield, Chairman Peter Huntoon Dean Oakes Roman Latimer FIRST DAY OF ISSUE POSTALLY CANCELLED CARDS : Cost: $6.50 for one card by mail $5.50 for two or more cards by mail (Make check payable to SPMC) SEND ORDERS TO: O.C. Miller SPMC FDC Card P.O. Box 241172 Memphis, TN 38124 NOTE: Orders for cancelled cards must reach Memphis no later than ,June 14, 1984. Paper Money Whole No. 111 Page 155 $100 INDIANA NOTE FEATURED FOR 1984 CARD: 7// I The Rank of the Stated Indiana was organixed in 1855, openingtwnyears later in 1857. The bank was comp.:ea of twenty brancheo. located throughout the state. which provided stable and honest banking servietts to the eitizensof Indiana. The bank woo voluntarily liquidated in 1855, with row brancto, being converted to national bunko. The portrait on the rigto. io that of Hugh hoot President of the Rank of the Statoof Indiana, who later hoosoie the find. Comptroller of theCureeney and also oerved as Secretary of the Treasury. The portraiton the left that of 51. Ray. Cashier of the Bank of the State of Indiana, SOCIETY OF PAPER MONEY COLLECTORS INC. IN I ERNATIONA1 P %PER MONEY CONVENTION MEMPHIS, TUNNI:ssI JrNE 15-17, 1984 THIS year's Society of Paper Money Collectors souvenir card, to be issued at the 1984 International Paper Money Show in Memphis, Tennessee on June 15-17, illustrates an obsolete bank note from the 1850s, which features three vignettes, including two portraits of officers of the Bank of the State of Indiana. The portrait on the right is that of Hugh McCulloch, first president of the Bank of the State of Indiana, who later became the first Comptroller of the Currency, and also served as Secretary of the Treasury. McCulloch's portrait appears on the $20 Third Charter National Bank Notes. 10,000 cards have been produced from the original plates by the world famous American Bank Note Com- pany. Cards will be available at the show, but will also be available by mail in either mint or first-day-of-issue postally cancelled versions. All mail orders are shipped to you via First Class mail in heavy cardboard mailers. TO ORDER MINT (UNCANCELLED) CARDS: Cost: $5.50 for one card by mail $4.50 for two or more cards by mail (Make check payable to SPMC) SEND ORDERS TO: J. Wilson — SPMC Mint Card P.O. Box 27185 Milwaukee, Wis. 53227 Page 156 Paper Money Whole No. 111 SECRINARYN ROBERT AZPIAZU, JR., Secretary Ell'IlltT P. O. Box 1433 Hialeah, FL 33011 NEW MEMBERS 6670 Wayne Lamping, 113 Louis Drive, McKees Rocks, PA 15136; C, paper money errors. 6671 James Alfred Miller, Jr., Rt. 3, 112 Sycamore Dr., Pine Knoll Shores, Moorehead City, N.C. 28557; C, Wilmington, N.C. banknotes, bank stocks & bank bonds. 6672 Timothy N. Lee, 1705 Jupiter #279, Plano, TX 75074; C, F.R.B.N. 6673 David Wood, 3065 Ladera Rd., San Bernadino, CA 92405; C, Confederate & Fractional Currency, Colonial, Obsolete. 6674 Gary Kraus, 3400 Henican Pl., Metairie, LA 70003; C, Con- federate Scrip. 6675 Phil Tuccy, 6-A West Cherry Tree Lane, Sparta, NJ 07871; C, World Bank Notes. 6676 G.N. Lautenschlager, 457 N. Main St., Tipton, IN 46072; C, Large, Small & Broken USA. 6677 Gaston Gonzalez R., B. Badillo 481, Col. E. Zapata, P. Vallarta, Jal. Mexico; D, World Notes. 6678 Worth N. Yoder, 1528 Dogwood Dr., Elkhart, IN 46514; C, US Types Indiana Nationals & Obsoletes (certain countries only). 6679 Richard Fedora, R.R. Box, Spirit Lake, Iowa 51360; C, CSA & Obsolete Texas. 3841 Dr. Leon Boyar, 942 Ansonia Sta., New York, NY 10023; C&D, WW 1&11 Currency (Paper & Coin). 6680 Detroit Public Library, Business and Finance, 5201 Woodward Ave., Detroit, MI 48202. 6681 Mr. Yog Raj Ahuja, 1950 Kennedy Rd. #914, Scarborough, Ontario MIP 4S9 CANADA; C, Hundis (India). 6682 Richard Badwey, P.O. Box 34431, Bethesda, MD 20817; D, US Large and Small size. 6683 Robert W. Davis, Jr., 49 Middlesex St., Fall River, MA 02723; C, US Currency. 6684 Julie Buchanan, 6020 Fordham, Houston, TX 77005; C, US. 6685 Gene Bula, Rt. 1, Box 470, Plainfield, WI 54966; C. 6686 Roger Licini, P.O. Box 146, Great Falls, MT 59403; C, Montana National Currency. 6687 Dave Wilson, P.O. Box 567, Jackson, N.J. 08527; C&D, N.J. Obsoletes. 6688 Rinnard Antonation, 525 121 PL NE #6, Bellevue, WA 98005; C&D, Western. 6689 Richard Urmston, 1-21 28th Street, Fair Lawn, NJ 07410; D, Stocks & Bonds. 6690 Arnold Postow, 908 Snure Rd., Silver Springs, Md. 20901; C. 6691 John Jackson, 32 Gregory Lane, Warren, N.J. 07060; C. 6692 Greg R. Super; C, Foreign, CSA and US. 6693 L.E. Phillips Library, 400 Eau Claire St., Eau Claire, WI 54701. 6694 David Thomas, 4354 Kansas St. #2, San Diego, CA 92104; C, US large size. 6695 Michael J. Sullivan, 376 Provident, Winnetka, IL 60093; C. 6696 Donnie Rawson, Sr., P.O. Box 3418, 3812 44th St., Meridian, MS 39305; Mississippi Nationals. 6697 J. Phillip Darby, P.O. Box 53901, Lafayette, LA 70506; National Currency. 6698 Robert Poirier, 11 Adams St., Foxboro, MA 02035; C, US Currency. 6699 T.J. Ammel, P.O. Box 2237, Fremont, CA 94536; C. All PM MAGAZINE Business Editorial and Advertising Should Be Addressed to the New Editor: GENE HESSLER P.O. Box 416 Oradell, NJ 07649 Effective Immediately ! Any correspondence addressed to the previous Editor, Barbara Mueller, will only result in unnecessary delays and expense. Please cooperate ! Thank you! Paper Money Whole No. 111 Page 157 mongy mart Paper Money will accept classified advertising from members only on a basis of 5T 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, Gene Hessler, P.O. Box 416, Oradell, NJ 07649 by the first of the month preceding the month of issue (i.e. Dec. 1, 1983 for Jan. 1984 issue). Word count: Name and address will count as five words. All other words and ab- breviations, figure combinations and initials count as separate. No check copies. 10 07o discount for four or more insertions of the same copy. Sample ad and word count. WANTED: CONFEDERATE FACSIMILES by Upham for cash or trade for FRN block letters, $1 SC, U.S. obsolete. John W. Member, 000 Last St., New York, N.Y. 10015. (22 words: $1: SC: U.S.: FRN counted as one word each) INDIANA OBSOLETES WANTED: LaPorte 380-1, 381-1-2, 382-1, 383-1-2-3-4, 384-1, 385-1, 386-1-2-3-4-5-6, 387-1-2, 388-1. Michigan City 494-1-2-3-4, 495-1-2-3-4, 496-1-2-3, 497-1-2-3- 4-5, 498-1-2-3, 499-1-2, 500-1-2-3, 502-1. Sutlers 925-1-2-3, 926-1, 927-1-2, 928-1. Wanted actual notes or a good glossy black and white actual size photo of each note (both sides) and any other unlisted from the above. Also want other Indiana obsoletes, college currency, nationals, script, old checks, stock certificates, bonds, merchant tokens, bus tokens, revenue stamps, trout stamps, hunting stamps. Other misc. Indiana items. Richard L. Salzer, RR#3, Box 791, Knox, IN 46534 (111) ST. LOUIS NATIONALS wanted. Actively seeking notes for my collection. Appreciate Xerox of all large notes. Bob Coch- ran, 13001 Hollenberg Dr., Bridgeton, MO 63044 (114) HUNTSVILLE, ALABAMA WANTED: Nationals, checks obsoletes. Bob Cochran, 13001 Hollenberg Dr., Bridgeton, MO 63044 (114) STUART, VIRGINIA WANTED: First National Bank, Charter 11901. Nationals, checks, Xerox of notes. Bob Cochran, 13001 Hollenberg Dr., Bridgeton, MO 63044 (114) NORTH CAROLINA WANTED: Mount Airy, Charter 4896. Nationals, checks, Xerox of notes. Bob Cochran, 13001 Hollenberg Dr., Bridgeton, MO 63044 (114) COCHRAN, GEORGIA WANTED: First National Bank, Charter 7567. Nationals, checks, Xerox of notes. Bob Cochran, 13001 Hollenberg Dr., Bridgeton, MO 63044 (114) MARYLAND FISCAL PAPER wanted. I collect BBN's, scrip, coin notes, checks, stocks, tokens, letters, etc. pre-1900. Please describe or send photocopy. Price or I will make offer. Would also like to exchange information with any other Mary- land collectors. Howard Cohen, Drawer CP160, Manhattan Beach, CA 90266 (115) WANTED: OLD CANCELED checks from the Hamilton and Cunningham Bank of Hoopeston, Ill. Write to Mike Fink, 504 E. McCracken, Hoopeston, IL 60942 (115) WANTED: COLUMBIA, ILLINOIS Nationals. Also Waterloo, Illinois. Please price and describe. Paul L. Haudrich, 14860 Carrollton Dr., Bridgeton, MO 63044 (115) PAPER SCRIP OF Mount Hope Mining Company, Rock- away, New Jersey wanted. Frank Sprinkle, 304 Barbee Blvd., Yaupon Beach, Southport, NC 28461 (111) MINNESOTA NATIONALS WANTED from: Bertha #7373, Cold Spring #8051, Forest Lake #11652, Grand Meadow #6933, Kerkhoven #11365, Lake Crystal #11401, Lake Wilson #11293, Le Sueur #7199, Le Sueur Center #6921, Madison #6795, Minnesota Lake #6532, Osakis #6837, Richfield #12115, Rochester #2316, Roseau #11848, St. Charles #6327, Sauk Centre #3155, Thief River Falls #5894, Verdale #6022, Windom #6396. Please send description and price. I will ap- preciate your help. Gary Kruesel, Box 7061, Rochester, MN 55903 (115) WANTED: NATIONALS FROM Hoopeston, Ill. charter 2808, 9425, 13744; Milford, Ill. charter 5149; Boswell, Ind. charter 5476; Freeland Park, Ind. charter 7437; and Ambia, Ind. charter 9510. Write to Mike Fink, 504 E. McCracken, Hoopeston, IL 60942 (115) RHODE ISLAND NATIONALS-buying all small and Woonsocket and Cumberland large. Selling large and small sizes, over 100 notes. RINATS, P.O. Box 33, Ashton, RI 02864-0033 (115) WANTED: GERMAN NOTGELD, collections, accumula- tions, dealers' stocks. No Austrian. Frank P. Fritchle, 1163 Pomegranate Ct., Sunnyvale, CA 94087. (117) BUYING AND SELLING Nationals and Type notes. A free price list is available upon request. Paying $125 or more for any small size note from the Palo Alto National Bank, Palo Alto, CA (Ch. #13212) grading V.G. or better. William Litt, P.O. Box 4770, Stanford, CA 94305 (112) LIST OF CHECKS available from plain to rare. Approxi- mately 250 items. $1.00 towards printing and postage would help but not necessary. Bob Pyne, 1610 Bennett Rd., Orlando, FL 32803 (111) MISSISSIPPI OBSOLETE NOTES wanted for my collection. Favorable prices paid for notes that are needed. Byron W. Cook, Box 181, Jackson, MS 39205 (112) WANTED: ILLINOIS NATIONALS and obsoletes-Carmi, Crossville, Enfield, Grayville, Norris City, Fairfield, Albion, Dahlgren, Omaha, New Haven. Pete Fulkerson, c/o The Na- tional Bank, 116 W. Main, Carmi, IL 62821 (115) OHIO WANTED: SANDUSKY, Norwalk, Huron, Bellevue, Port Clinton, and related exonumia. Include signatures if possible from #4792 and #11275. P. Rudolf, 90 W. Washing- ton, Norwalk, OH 44857 (112) BUYING ALABAMA MATERIAL: Nationals, obsoletes, checks, stocks, etc. Especially North Alabama, Florence, Tus- cumbia. Bob Whitten, 743 Prospect #3, Florence, AL 35630 (112) MISSOURI CURRENCY WANTED: large size Nationals, obsolete notes and bank checks from St. Louis, Maplewood, Clayton, Manchester, Luxemburg, Carondelet and St. Charles. Ronald Horstman, Route 2, Box 242, Gerald, MO 63037 (118) WANTED: MACERATED MONEY: postcards and any other items made out of macerated money. Please send full details to my attention. Bertram M. Cohen, PMW, 169 Marl- borough St., Boston, MA 02116 (114) WANTED CU $1.00 FRN's Serial #'s 00006666 00009999 00066666 00099999 06666666 09999999 66666666 99999999 Please state price and series JAMES E. LUND Route 7, Box 726 Alexandria, MN 56308 Page 158 Paper Money Whole No. 111 OLD STOCKS AND bonds. Send $2 for latest Mail Bid Cata- log & Sales Catalog. Also buying! Paying highest prices for beautiful and very old material. Railroads, oil companies, tele- graph, industry, government, etc. Especially need Western material. Also need pre-1890 checks with pretty vignettes. Also will trade. Send SASE for free appraisal. David Beach, Box 5488, Bossier City, LA 71111 (318) 747-0929 (115) McKINNEY, TEXAS NATIONALS wanted. Collin County National #2909, First National #2729, and Central National #14236. Describe (or photocopy) and price. Thanks. Jim Ranes, P.O. Box 892, West Jordan, Utah 84084 (112) WANTED KOREA & SOUTH Korea banknotes. Example: all CU South Korea p30 1 won .75; p3I 5 won 1.20; p32 10 won 6.00; p33 10 won .85; p34 50 won 25.00; p35 100 won 25.00; p36 100 won 15.00; p40 50 won 3.50. Namchong Cho, 726 Bode Circle #110, Hoffman Est., IL 60194 (121) COLORADO MATERIAL WANTED: Nationals, checks, stocks, bonds, postcards, etc. Please describe and price. Max Stucky, P.O. Box 7768, Colorado Springs, CO 80933 (114) BUYING SERIAL NUMBERS 00000001, 11111111, 22222222, 33333333, 44444444, 55555555, 66666666, 77777777, 88888888, 99999999. Please describe and price. Also interested in other low or special S/N's. ANA, SPMC, PMCM. Graeme Ton, 203 47th St., Gulfport, MS 39501. (111) BEAUTIFUL WORLD BANKNOTES for sale! I have over 1,000 different notes from over 130 countries. Ask for free catalog or send $7 and receive 12 beautiful UNC. notes (all dif- ferent) from 9 nations (cat. value $24 + ). Satisfaction guaran- teed. Larry R. Kinney, P.O. Box 907P, Bothell, WA 98041 (113) WANTED: WESTCHESTER COUNTY, New York Na- tionals. Small or large, any condition. Send photocopy, note or description and asking price. Larry Feuer, 22 Beechwood Blvd., Port Chester, NY 10573 (phone 914-937-0937) (111) FLORIDA NATIONALS WANTED, large and small size on any bank. Especially want Gainesville 3894 signed McKinstry as cashier, and large size Ocala 10578. Shayne MacMahon, Box 13282, Gainesville, FL 32604 (112) MINNESOTA LARGE AND small wanted. Particularly need Osakis #6837, all Mankato banks, others. Please describe and price. Patrick Flynn, 122 Shadywood Ave., Mankato, MN 56001 (113) WANTED: BANK OF The United States checks, notes, let- ters, 1791-1840 or Xerox copies needed for book on this sub- ject. Matt Rothert, Sr., 656 Graham St., Camden, AR 71701 (113) ILLINOIS NATIONALS WANTED: Chester #4187, Dahl- gren #7750, Dongola #10086, Equality #6978, Fairfield #5009 & 6609, Johnston City #7458, Jonesboro #12373, Mounds City #7443, New Douglas #13696, New Haven #8053, Omaha #10291, Ullin #8180. C.E. Hilliard, 201 E. Cherry, Win- chester, IL 62694 (112) WANTED: WAUKEGAN, ILLINOIS Nationals. Price and describe. William H. Serocky, 11181 W. 33rd St., Zion, IL 60099 (112) TENNESSEE NATIONALS WANTED for my personal col- lection. Especially need first and second charters. largest prices paid. Jasper Payne, Box 3093, Knoxville, TN 37917. (113) WANTED: CU $1.00 FRN with serial #05041981 or 09221978. James E. Lund, Route 7, Box 726, Alexandria, MN 56308 (112) GENUINE STOCK CERTIFICATES. List SASE. 50 differ- ent $19.95. 100 different unissued $22.95. 100 different used without pictures $24.95. 50 different with 50 different pictures $34.95. 1 to 100,000 wanted. Hollins, Box 112-P, Springfield, VA 22150 (112) I COLLECT CALIFORNIA, Nevada, Alaska, Hawaii and all other Western stocks, bonds, checks, drafts. Please sell to me! Ken Prag, Box 531 PM, Burlingame, CA 94010 (phone 415- 566-6400). (119) WANTED: WORLD'S FAIR stocks, bonds, ephemera of any type. Rinnard Antonation, 525 121 PL. NE #6, Bellevue, WA 98005 (114) NORTH CAROLINA OBSOLETES and Confederate States notes wanted. Please describe and price. Windy Thompson, 7922 Brown Bark Pl., Raleigh, NC 27609. WANTED: VIRGINIA NATIONALS on the following towns: Big Stone Gap #11765, Wise #10611, Clintwood #8362, Powell Valley #9924, Norton #9746, Norton #6235. Send description and price. Don Green, Box 681, Wise, VA 24293 (116) MORMON-WANT ANY financial items issued by or re- lated to Mormons, Salt Lake City. Also buying unusual photos, letters, documents, etc. Rinnard Antonation, 525 121 PL. NE #6, Bellevue, WA 98005 (114) WANTED PENNSYLVANIA NATIONALS: Belle Vernon #4850, Fayette City #5646, Fayette City #6800, Elizabeth #5114, North Belle Vernon #11995, Fairchance #8245, Webster #6937, Dunbar #7576, Vanderbilt #8190. Charles Trenk, Box 241, Belle Vernon, PA 15012 (114) NATIONAL CURRENCY: Over 300 different duplicates to sell or trade. SASE brings list. J.S. Apelman, Box 283, Covington, LA 70434 (116) EASTMAN COLLEGE CURRENCY wanted. Also obsoletes with vignettes: Declaration Signing, Washington's Crossing, Drummer Boy, Five Presidents, Cowboys. Also matrimony notes. Robert W. Ross III, P.O. Box 765, Wilmington, DE 19899 (116) OLD UNITED STATES revenue certificates wanted. Also Jenny Lind items. Please price. Frank Sprinkle, 304 Barbee, Yaupon Beach, Southport, NC 28461 (112) Spv.ized WER MONEY by Albert Pick Co.m R. Otura. t Now Oak, dite, a standard catalog of WOR/D 000 $40. postpaid Immediate Delivery Featuring complete listings for: * South and Central America — Private and Commercial banks * China — Provincial banks * Mainland Europe — Commercial banks * British Crown Colonies — Commercial banks. Highlights: * Accurate market values in up to three grades * Coverage for over 300 note-issuing authorities * 250 years of world-wide coverage * Over 15,000 listings, packed with data * Over 6,500 photos all contained in one hard-bound, 832 page volume. Just $40 per copy. Pick up your copy at your favorite coin/paper shop, or order directly from the publisher (return privilege applies). Paper Money Whole No. 111 Page 159 Albert Pick's Specialized World Paper Money Catalog 4th Edition Specialized Issues By Albert Pick Colin R. Bruce II and Neil Shafer, Editors This specialized issues volume is a companion work to the 4th edition, General Issues Catalog and is now available for IMMEDIATE DELIVERY. Featuring the first detailed coverage of State, Provincial, Territorial and Colonial Issues. Data that was locked away in obscure catalogs — or in some cases never made known — is available in Specialized Issues! krause publications 700 E. State St., Iola, WI 54990 The Charlton Standard Catalogue alarehnor itiop Page 160 Paper Money Whole No. 111 CANADIAN GOVERNMENT PAPER MONEY AT YOUR FINGERTIPS!! The most thorough and complete pricing catalogue ever published on Canadian Government Paper Money is now available. —FIRST EDITION— Just look at what this fabulous cata- logue contains in its 260 pages, and all for only $12.95 • Up-to-Date Pricing • • French Colonial Issues • Army Bills • Provincial Issues • • Municipal Issues • Province ofCanada • Dominion ofCanada • • Bank of Canada • Complete Photographs • Technical Data • • Imprints • Signatures • Anomalies • Quantities Printed • • Plus Informative Introductions To The Notes • ONLY $ 12.95 Don't miss out on this fabulous opportunity to own the most comp- lete reference work ever published on Canadian Government Bank Notes. Act today! ge) dadox, mss Canada's Collectables Publisher 299 Queen Street West, Toronto, Ont. M5V 1Z9 (416) 598-2281 Please detach and mail to: The Charlton Press, 299 Queen Street West, Toronto, Ont. M5V 1Z9 Please send me copy(ies) of The Charlton Standard Catalogue of Canadian Government Paper Money at $12.95 plus $2.00 postage per copy. Enclosed is my payment of $ Please charge my: q Visa 1-1 Mastercharge 111 American Express Account Number: Expiry Date: Month/Year Signature - Name: (Please Print) Address City- State : Zip Code- Paper Money Whole No. 111 Page 161 EARLY OBSOLETE PAPER MONEY SALE Conn. - $1, DERBY FISHING CO., Derby (1808) VF - $2, DERBY FISHING CO.. Derby (1808) EF - $5, DERBY FISHING CO., Derby (1808) EF $20 30 30 N.J. - $3, SALEM & PHILADELPHIA MFG. CO ., Salem (1828) W.2141 VG + $100 - $5, STATE BANK AT NEW BRUNSWICK, New Brunswick - $10, DERBY FISHING CO., Derby (1808) EF 30 (1819) W.1705 Unc. 100 - $1, THE EAGLE BANK, New Haven (1824) F 25 - $1, STATE BANK AT TRENTON, Trenton (1825) W.2368 EF 45 - $2, MANUFACTURERS EXCHANGE, Bristol (1814) Unc. 30 - $2, STATE BANK AT TRENTON, Trenton (1824) W.2371 VG 30 - $3, MANUFACTURERS EXCHANGE, Bristol (1814) EF 40 - $10, STATE BANK AT TRENTON, Trenton (1822) W.2380 VF 45 - $5, MANUFACTURERS EXCHANGE, Bristol (1814) EF 30 -$100, STATE BANK AT TRENTON, Trenton (1813) W.2383 F 135 Del. - $5, BANK OF DELAWARE. Wilmington (1821) VG + 200 N.Y: - $5. THE BANK OF AUBURN, Auburn (1826) VG 45 Ind. - $1, PETERSBURG STEAM MILL, Petersburg (1817) Unc. 65 - 61/2e, Boist, Michael (Store of), Middleburgh (1815) VF 125 - $2, BANK OF VINCENNES, Brookville (1819) WVS 84-6 VG 65 - $2, THE CITY BANK, New York City (1830) F 75 - $5, BANK OF VINCENNES, Brookville (1821) WVS 84-8 Uric 175 - $5, THE BANK OF GENEVA. Geneva (1818) MDF&Co. VG + 40 - $5 BANK OF VINCENNES. Vevay (1819) WVS 825-10 VG 65 - $5, THE BANK OF GENEVA, Geneva (1829) Perkins F 40 Kent. - $1, FARMING & COMMERCIAL BANK, Carlisle (1819) VF 75 - $5, THE BANK OF HUDSON, Hudson (1817) Maverick EF 65 - $5, FARMING & COMMERCIAL BANK, Carlisle (1819) VF + 75 - $20, THE BANK OF HUDSON, Hudson (1814) MDF&Co. VG + 75 - $1, KENTUCKY INSURANCE COMPANY, Lexington (1817) F 125 - $3, THE MANHATTEN COMPANY, New York City (1825) F 65 Maine - $5, CASTINE BANK, Castine (1818) Wait 7 VF + 50 - $2, THE MERCHANTS BANK, New York City (1826) EF 55 - $1, HALLOWELL & AUGUSTA BANK, Hallowell (1811) Wait - $5, THE MERCHANTS BANK, New York City (1826) Unc. 80 33 VG 40 - $1, THE BANK OF NIAGARA, Buffalo (1827/5) VF 35 - $5, HALLOWELL & AUGUSTA BANK, Hallowell (1809) Wait -$10, THE BANK OF ORANGE COUNTY, Goshen (1830) 37 VG 40 Cft. VG 90 - $1, KENNEBEC BANK, Hallowell (1824) Wait 41 EF 150 - $2, THE BANK OF PLATTSBURGH, Plattsburgh (1822) F+ 35 - $2, KENNEBEC BANK, Hallowell (1824) Wait 42 VF 45 - $5, THE BANK OF TROY, Troy (1811) AU 75 - $3, KENNEBEC BANK, Hallowell (1824) Wait 44 VF 55 Ohio - $3, FARMERS & MECHANICS BANK OF CINCINNATI, Cin- - $5, KENNEBEC BANK, Hallowell (1823) Wad 46 VF 65 cinnati (1817) VF 225 - $5, PASSAMAQUODDY BANK, Eastport (1824) Wait 21 VF 65 - 50a, Griswold, Ezra (Office of), Worthington (1819) F 60 Mass. - $5, BERKSHIRE BANK, Pittsfield (1807) VF 60 -25a, JEFFERSON BANK OF NEW SALEM, New Salem " - $10, BERKSHIRE BANK, Pittsfield (1806) VF 50 (1817) VF 70 " - $3, FARMERS BANK. Belchertown (1827) VG + 75 -50e, JEFFERSON BANK OF NEW SALEM, New Salem - $10, FARMERS BANK, Belchertown (1829) F 75 (1817) EF 85 - $5, GLOUCESTER BANK. Gloucester (1814) Unc. 135 - $3, JEFFERSON BANK OF NEW SALEM, New Salem - $2. NORTHAMPTON BANK, Northampton (1809) VF 60 (1817) Unc. 90 Mich. - $10, DETROIT BANK, Detroit (1806) Bowen 12 EF 90 Penn. -$10. COMMERCIAL BANK OF PENNSYLVANIA, Phila- N.H. - 500. HILLSBOROUGH BANK, Amherst (1808) EF 85 delphia (1824) VF 110 N.J. - 121/2e, Black, H., Mount Holly (1815) Wait 1280 G 75 - $10, THE FARMERS AND MECHANICS BANK, Philadelphia - $1, FRANKLIN BANK OF NEW JERSEY, Jersey City (1827) (1826) AU 150 Wait 885 Unc. 40 - $1, BANK OF FAYETTE COUNTY PENN., New Salem - $2, FRANKLIN BANK OF NEW JERSEY, Jersey City (1827) (1819) Unc. 80 Wait 886 VF 35 - $3, BANK OF FAYETTE COUNTY PENN., New Salem - $2, FRANKLIN BANK OF NEW JERSEY, Jersey City (1827) (1817) AU 100 Wait 887 Unc. 40 - $5. BANK OF FAYETTE COUNTY PENN., New Salem - $3, THE FRANKLIN BANK, Jersey City, (1825) Wait 888 G 15 (1816) VF 100 - $20, FRANKLIN BANK OF NEW JERSEY, Jersey City (1827) - 121/2a, Kneppley, Seth (Store of), Upper Saucon (1815) VF + 175 Wait 893 Unc. 175 - $5, MARIETTA & SUSQUEHANNAH TRADING CO., Marietta - $1, HOBOKEN BANKING AND GRAZING CO., Hoboken (1815) F 60 (1826) Wait 776 Unc. 40 - $10, MARIETTA & SUSQUEHANNAH TRADING CO.. Mariet- - $2, HOBOKEN BANKING AND GRAZING CO., Hoboken ta (1817) F 80 (1826) Wait 777 Unc. 45 - $20. MARIETTA & SUSQUEHANNA TRADING CO.. Mariet- - $2, HOBOKEN BANKING AND GRAZING CO., Hoboken ta (1818) VF 100 (1826) Wait 778 VF 175 - $5. BANK OF MONTGOMERY COUNTY. Norris Town - $3, HOBOKEN BANKING AND GRAZING CO., Hoboken 1825 F 90 (1827) Wait 780 Unc. 50 - $20, PENN. AGRICULTURAL & MFG. BANK, Carlisle - $5, HOBOKEN BANKING AND GRAZING CO., Hoboken (1815) VF 150 (1827) Wait 782 EF 55 - $5, THE PHILADELPHIA BANK, Philadelphia (1824) -$10, HOBOKEN BANKING AND GRAZING CO., Hoboken MDF&Co. VG + 55 (1827) Wait 783 EF 85 - $10, THE PHILADELPHIA BANK, Philadelphia (1819) - $1, THE J ERSEY BANK, Jersey City (1825) Wait 934 VG 40 MDF&Co. VG 50 - $1, THE JERSEY BANK, Jersey City (1826) Wait 935 VF 100 - 10e, THE SCHUYLKILL BANK, Philadelphia (1815) G 15 - $2, THE JERSEY BANK. Jersey City (1826) Wait 940 VG 45 R.I. - $1, THE FARMERS EXCHANGE BANK, Gloucester (1808) - $5, THE JERSEY BANK, Jersey City (1825) Wait 946 EF 75 D.449 EF 30 - $5, THE JERSEY BANK, Jersey City (1822) Wait 947 F 50 - $5, THE FARMERS EXCHANGE BANK, Gloucester (1808) - $10, THE JERSEY BANK, Jersey City (1825) Wait 949 VG 60 D.455 Unc. 65 - $2, THE MONMOUTH BANK, Freehold (1828) Wait 646 F 30 - $10, THE FARMERS EXCHANGE BANK, Gloucester (1806) - $3, THE MONMOUTH BANK, Freehold (1828) Wait 647 F 40 D.456 Unc. 50 - $2, N.J. MANUFACTURING & BANKING CO., Hoboken Ver. - $1, VERMONT GLASS FACTORY, Salisbury (1813) C.1 F 25 (1826) Wait 805 VG 50 - $1. VERMONT GLASS FACTORY, Salisbury (1814) C.2 Unc. 30 - $3, N.J. MANUFACTURING & BANKING CO., Hoboken - $2. VERMONT GLASS FACTORY, Salisbury (1813) C.14 EF 35 (1828) Wait 812 F 60 - $3, VERMONT GLASS FACTORY, Salisbury (1813) C.15 VF 35 - $5, N.J. MANUFACTURING & BANKING CO., Hoboken - $5, VERMONT GLASS FACTORY, Salisbury (1813) C.16 AU 50 (1828) Wait 813 EF 200 - $1. VERMONT STATE BANK, Middlebury (1808) C.24 VG 75 - $1, N.J. PROTECTION & LOMBARD BANK, Jersey City - 50e, VERMONT STATE BANK, Westminster (1808) C.2 VG 25 (1825) W.1004, Unc. 50 - 75a, VERMONT STATE BANK, Westminster Unsigned & Un- - $1, N.J. PROTECTION & LOMBARD BANK, Jersey City dated C.5 Unc. 30 (1825) W.1005, Unc. 50 - $1, VERMONT STATE BANK, Westminster (1808) C.6 VF 75 ROBERT ANA-ANS-TA 18 Mist Hill Drive (203)- A. VLACK MS - SPMC - FUN Brookfield, Conn. 06804 775-2456 10 Day Return PrivilegeItems subject to prior sale. 'Colorful' currency approved Hobby reacts 41ANI-11k4ifr: to currencY 5erg;: 6 Standard paper catalog ready Schedule of Paper C Changes Page 162 Paper Money Whole No. 111 Paper Money Coliector, Here, How To Satiqy Your Greate5t Hobby Need Are you unhappy with the number of paper money articles in coin-related newspapers and magazines? If you are, chances are you're not getting all the paper money information you need. Good news. Your subscription to Bank Note Reporter will give you a monthly newspaper devoted exclusively to paper money, both U.S. and foreign. Bank Note Reporter will give you reports on auctions, new issues, upcoming shows, new publications, discoveries and new organizations. The historical features in Bank Note Reporter will take you back into history. You'll read about military currency, bonds, stock certificates, Confederate currency, world paper, state banknotes and U.S. large and small size notes. Plus you'll have plenty of photos, trustworthy advertising and a complete U.S. value guide. It can all be at your fingertips each month, when you subscribe to Bank Note Reporter. Be part of the excitement! Satisfy your need for paper money information with a subscription to Bank Note Reporter. Your Guarantee If for any reason you decide to cancel your subscription, simply drop us a note before you receive your second issue and we'll refund your entire payment. After the second issue we'll refund on all undelivered issues. Collectors saw it first, right here! Who broke the news about upcoming changes in U.S. currency? Bank Note Reporter! It's true. With the aggressive reporting of our full-time Washington Bureau, BNR was the first to present facts concerning the revamping of our notes. We scooped everyone, including other hobby publications, daily newspapers, and electronic media. When you join Bank Note Reporter you'll be part of a select group looking to every issue for fresh news. Make certain you have Bank Note Reporter for all the vital data affecting your hobby. Sign up now! Send your subscription request along with $11 for one year (12 issues) to: Bank Note Reporter, 700 E. State St., Iola, WI 54990. Just released . . . . TORONTO SESQUICENTENNIAL SOUVENIR CARD Issued by the Canadian Paper Money Society SESQUICENTENNIAL ANNIVERSARY CITY OF TORONTO 1834 11 1.9ii4 ;;ANACIA', • ":;ICCAlr,P.Iii CAM1 0i A note, issued in 1852, by the City of Toronto, is intaglio printed by the Canadian Bank Note Company from the original plate. The souvenir card commemorates the 150th Anniversary of the founding of Toronto. Cards at $5.00 each (plus $2.00 postage and shipping per order) may be ordered from: Numismatic Education Society of Canada P.O. Box 704, Station B Willowdale, Ont. M2K 2P9 ITEM: Numismatic News helps reverse the Treasury's decision to omit silver from the Ike dollar (we now enjoy 40% silver Ikes!) ITEM: Numismatic News convinces the GSA to properly grade Carson City dollars sold from the government's hoard (scratched, nicked and tarnished specimens were to be sold as uncirculated!) ITEM: Numismatic News successfully lobbies against middle-man profits in the Olympic coin programs. * * * Been on the block for 32 years. Saw some questionable hobby programs come down from Washington in that time. Got involved with all of them. Knew from experience what to do — how to go about changing minds and policies. Victories for the hobby were sweet. There are more to come. Stick with us. Support us. Now more than ever. we're ready to serve your interests. erie maticrause ublications Home Of Superior Hobby Periodicals And Books Paper Money Whole No. 111 Page 163 WANT ALL SERIES, ANY CONDI- TION, EXCEPT WASHED OR "DOC- TORED" NOTES. Nobody pays more than Huntoon forAmon& 'WYOMING State and Territorial Nationals QUALITY Aside from National Bank Notes I deal only in Choice and Gem quality material. Choose from the highest quality inventory in the business. SERVICE SELECTION Extensive travel to over 30 major shows a year allows me to present a wide array of scarce and rare Nationals, lots of large size notes and the largest selection of small size available anywhere. PRICE I am actively servicing the want lists of many collectors and may be able to find notes that you need. I also offer a 30-day return privilege and a no-cost layaway program. While I'm not the cheapest, price is often a function of quality. I also stand behind every note I sell with a guarantee of your satisfaction or your money back. Write or call for a free copy of my latest price list. "THE SOURCE FOR SUPERB QUALITY" Michael R. Storeim 7600 E. Orchard Ave., Suite 350 Englewood, CO 80111 (303) 694-0791 UNITEDSTATSOFiXEHIC,‘ ,* (MANY TRADES!) PETER HUNTOON P.O. Box 3681, Laramie. WY 82071 Page 164 Paper Money Whole No. 111 EARLY AMERICAN NUMISMATICS *619-273-3566 We maintain the LARGEST COLONIAL & CONTINENTAL CURRENCY ACTIVE INVENTORY IN THE WORLD! SEND FOR FREE PRICE LIST SPECIALIZING IN: SERVICES: q Colonial Coins q Portfolio q q Colonial Currency Rare & Choice Type q Development Major Show EARLY AMERICAN NUMISMATICS Coins Coverage c/o Dana Linett q Pre-1800 Fiscal Paper q Auction q Encased Postage Stamps Attendance q P.O. Box 276 0 Ansonia, CT 06401 1:1 619-273-3566 Members: Life ANA, CSNA-EAC, SPMC, FUN, ANACS Paper Money Whole No. 111 Page 165 FOR SALE CURRENCY FOR SALE U.S.A. LARGE & SMALL SIZE CURRENCY INCLUDING: NATIONAL CURRENCY OBSOLETE CURRENCY RADAR & FANCY SERIAL NUMBER NOTES "ERROR" NOTES & OTHER TYPES LARGE MAIL LISTING AVAILABLE FOR A LARGE-SIZE, SELF-ADDRESSED STAMPED ENVELOPE. 10-DAY RETURN PRIVILEGE. YOUR SATISFACTION GUARANTEED. ROBERT A. CONDO P.O. BOX 985, VENICE, FL. 34284-0985 IAN A. MARSHALL WORLD PAPER MONEY A-Z (AFRICA A SPECIALTY) P.O. BOX 537 THORNHILL, ONT. CANADA L3T 200 Bi-Monthly Retail • Wholesale Lists FREE LISTS 5itarrl',Art:111:116',. Page 166 Paper Money Whole No. 111 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 West- ern rarities for advantageous trade. JOHN J. FORD, JR. P.O. DRAWER 706, ROCKVILLE CENTRE, N.Y. 11571_ FLORIDA NOTES WANTED ALL SERIES P.O. BOX 1358 WARREN HENDERSON VENICE, FLA. 33595 BANKNOTES ARE OUR BUSINESS IF YOU ARE SELLING: We are seriously interested in acquiring large size and scarcer small size United States paper money. We are interested in single items as well as extensive collections. We are especially in need of national bank notes and we also buy foreign paper money. If you have a collection which includes both paper money and coins, it may prove in your best financial interest to obtain a separate bid from us on your paper money as we deal exclusively and full time in paper money. We will fly to purchase if your holdings warrant. IF YOU ARE BUYING: We issue periodic extensive lists of U.S. paper money, both large size, small size and fractional. Our next list is yours for the asking. The VAULT Frank A. Nowak SPMC 933 P. 0. Box 2283 Prescott, Ariz. 86302 Phone (602) 445-2920 Member of: ANA, PMCM WANTED All types of WESTERN AMERI- CANA—obsolete checks, scrip, stocks, bonds, bills, documents, photographs, maps, autographs, anything of interest: — Territorial items. — Texas, Wells Fargo, Oregon, Colo- rado, mining towns, cowboys, sa- loons, etc, etc. PERMANENT WANT. SAVE THIS AD. The Clipper Americana & Antiques P.O. Box 803 Bellevue, Washington 98009 (206) 453-8109 • U.S. Obsoletes • U.S. Large & Small Size Type Notes • U.S. Large & Small National Bank Notes • Canadian BOUGHT AND SOLD FREE PRICE LIST FRANK TRASK SPMC, ANA KENNEBUNK COINS & CURRENCY P.O. Box 787, Kennebunk, Maine 04043 (207) 985-7431 HARRY IS BUYING NATIONALS — LARGE AND SMALL UNCUT SHEETS TYPE NOTES UNUSUAL SERIAL NUMBERS OBSOLETES ERRORS HARRY E. JONES PO Box 30369 Cleveland, Ohio 44130 216-884-0701 Free Obsolete Currency Catalog Tharles „*tratib P. O. Box 200 Columbia, Connecticut 06237 (203) 642-7895 "U.S. PAPER MONEY GRADING STANDARD" by Herbert J. Kwart FIRST COMPREHENSIVE PUBLICATION OF A PAPER MONEY GRADING STANDARD "This publication sets the paper money standard need- ed to bring attribution order to the field of syngraphics." HIGHLIGHTS OF THE TEXT INCLUDE : • Comprehensive discussion of all standard grading conditions. • Twelve distinct grading levels of conditions. • Includes four grade levels of crisp, uncirculated conditions. • Graphic illustrations for each grading level. • Discrete grading characteristics for each level of attribution. • An examination methodology and equipment needed. • A method of preservation of paper money. • And much more. PRE-PUBLICATION RATE, $7.95. SAVE $1.25 ON POST- AGE AND HANDLING IF ORDERED BEFORE JUNE 1, 1984. AFTER THIS DATE ADD $1.25. ESTIMATED DE- LIVERY DATE—JUNE '84. MAIL CHECK OR MONEY ORDER TO: FIVE SEASONS PUBLISHERS P.O. BOX 397 HIAWATHA, IOWA 52233 Paper Money Whole No. 111 Page 167 lotKolly Cl.,,,.. Pfe.116.0.mwomOnn Omaha, Nebraska 68104P.O. Box 4289 "Pronto Service" Page 168 Paper Money Whole No. 111 SUPERB UNCUT SHEETS BUYING/SELLING Scarce/Rare Uncut Sheets (4, 12, 18). Also, we are Paying TOP Immediate Cash for Scarce/Rare Choice Large Size Notes. Especially Want National Bank Notes, Territorials, Two-Denomination, National Gold Bank Notes & Other Series. Also, Scarce/Rare $1.00 to $1,000.00 Type Notes in Choice CU Grade. We Invite your Inquiry & Want List. SASE for our List of Confederate & Large Size Currency. 1935-D $1 Silver Certificate Uncut Sheet (12) Clark- Snyder. While 100 Sheets were issued, O'Don- nell's 7th Edition "Standard Handbook of Modern U.S. Paper Money" records only 50 sheets report- ed. This GEM Sheet Priced SPECIAL @ $1,495.00 1928-G $2 Legal Tender Uncut Sheet (12). Clark- Snyder. Only 28 of the 100 sheets issued have been reported. This GEM Sheet just 1,595.00 SPECIAL —the Pair $2,795.00 1928-D $1 Silver Certificate Sheet (12). Julian Wood- lin. Of the 60 Sheets issued only 28 have been re- ported. Over the years many Sheets have been cut up and the Notes were sold singly. Today singles bring $250.00. We offer the GEM Sheet @ only $3,895.00 1928-C $2 Legal Tender Sheet (12). Julian Morgen- thau. Only 27 of the 75 Sheets issued have been re- ported. This truly GEM Sheet Priced @ just $1,795.00 1902 $5 National Bank Note Uncut Sheet (4). Na- tional Park Bank, New York City. CH. 891. F-595. This GEM sheet Priced @ just $2,195.00 1902 $5 National Bank Note Uncut Sheet (4). The Equitable National Bank, City of New York CH #6284. FR-595. Excessively RARE Red Seal Sheet, Possibly Unique. GEM, Crisp, New Priced @ $7,500.00 CUT-SHEETS + LARGE NOTES Scarce Cut Sheets of four Large Size Notes. When reconstructed, they form a sheet as originally issued. 1896 $1 Silver Certificate Cut Sheet of 4 Notes. FR-224 $2,250.00 1899 $1 Silver Certificate Cut Sheet of 4 Notes. FR-233 850.00 1899 $1 Silver Certificate Cut Sheet of 4 Notes. FR-236 750.00 1923 $1 Silver Certificate Cut Sheet of 4 Notes. FR-237 250.00 1923 $1 Silver Certificate Cut Sheet of 4 Notes. FR-238 275.00 1918 $1 Federal Reserve Bank Cut Sheet of 4 Notes. FR-708, Boston 900.00 1918 $2 Federal Reserve Bank Cut Sheet of 4 Notes. FR-757, Cleveland 2,450.00 FRACTIONAL CURRENCY SHEET FIVE CENTS, FIRST ISSUE. FR-1230. Uncut Sheet (20). Single Crisp New Notes bring $75.00. This Superb CN Sheet comes with Wide Margins. Seldom offered and Priced @ 1,900.00 ANOTHER—This Sheet is also Superb CN but has Narrow Margins. Special 1,500.00 SASE—for our Fractional Currency List Including Proof & Specimen Notes. RARE EXPERIMENTAL NOTES OBSOLETE SHEETS Beautiful Pristine Uncut Sheets. CANAL BANK, LA Sheet (2): $500—$1,000 Crisp New, Nice "Exhibit Item" $ 99.50 1857 BANK OF FLORENCE, NEBR. Uncut Sheet(4): $1 - $1 - $3 - $5. GEM Cr. New 195.00 1857 WESTERN EXCHANGE FIRE & MARINE IN- SURANCE CO., OMAHA CITY, NEBR. Uncut Sheet(4): $1 - $2 - $3 - $5. SPECIAL 69.50 BUY ALL THREE SHEETS 299.50 CONFEDERATE SPECIAL SILVER CERTIFICATES-1928-B $1 #X0000001B; Y00000011B and 1928-A #Z0000001B. This Superb CN Set(3) 750.00 RED "R" & "S" NOTES 1935-A $1 Set(2): Red "R", Red "S". The Last Two Serial Nos. Match. Superb CR. New 375.00 1863 $100 Ty. 56 Famous "Lucy H. Pickens" Note. GEM Cr. New "Cut-Sheet" of Four GEM Cr. New FAMOUS WADE SALE BEBEE's 1956 Sales Catalogue of the Great James M. Wade Collection @ Prices You'd Hardly Believe Yours For Only (Postpaid) 29.50 99.50 5.00 Orders for any of the above Notes will be Shipped 1st Class Insured or Registered at our Expense. For Immediate Shipment send Cashier's Check or Money Order (Personal Checks take 20 to 25 Banking Days). 100% Satisfaction Guaranteed Always. Member: ANA Life #110, ANS, PNG, IAPN, SPMC, Others. AUBREY & ADELINE BEBEE WHY NOT GIVE US A TRY — WE WILL GREATLY APPRECIATE YOUR ORDERS — AND YOU'RE SURE TO LIKE DO- ING BUSINESS WITH BEBEE'S. SINCE 1941, TENS OF THOUSANDS OF "BEBEE BOOSTERS" HAVE. Y'ALL HURRY NOW — WE'LL BE LOOKING FOR YOU! Our currency auctions were the first to use the Sealed Mail Bid System, which gives you, the bidder and ultimate buyer, the utmost chance to buy a note at a price you want to pay with no one looking over your shoulder. As a seller, this method gives you the opportunity to get the full market price without the "in" dealers short-circuiting the bidding, as so often is seen at public auction sales. Purveyors of National Bank Notes & U.S. Currency to the collecting fraternity for over 20 years: Hickman - Oakes Auctions inc. WITH 20 sales behind us, and just starting our September-June Auction year, we invite you to participate: As a seller: Our commission rate is 15% down to 10% without a buyer's charge, lot charge, or photo charge. As a buyer: Subscribe to our next year's sales and receive the catalogs, prices realized, price lists, and if you have purchased a "National Catalog" we will send the update, all postage paid for $10.00. Send Today! If you haven't yet purchased a copy of THE STANDARD CATALOG OF NATIONAL BANKNOTES by Hickman-Oakes, we will mail an autographed copy (if wished) with update supplement when available for $75.00 (about $12.00 per pound). Send to: aikCS Auctions ,Inc. Hickman Drawer 1456 Iowa city, Iowa 52240 319-338-1144 edatt's RARE COINS and CURRENCY (BESIDE THE ALAMO) 220 ALAMO PLAZA SAN ANTONIO, TEXAS 78205 (512) 226-2311 It pays to look closely. You know that it pays to look closely when collecting. It does when you are thinking of selling, too. Since you collected with such care, we know you want to be equally as careful when selling. At Medlar's, we take pride in the fact that we've been buying and selling currency for over 25 years. So, we feel we must be doing something right for our many friends and customers. WE ARE BUYING: Texas Currency, Obsoletes and Nationals, Western States Obso- letes and Nationals, U.S. and Foreign Coins. We will travel to you to examine your holdings, Profes- sional Appraisals, or as Expert Witness. Member of SPMC, ANA, PNG, NLG, CPN