Paper Money - Vol. XXXI, No. 2 - Whole No. 158 - March - April 1992

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VOL. XXXI No. 2 WHOLE No. 158 MAR APR 1992 COLUMBUS IN HIS LIBRARY Pick's Finest! STANDARD CATALOG OF WORLD PAPER MONEY Volume I, Specialized Issues 6th edition By Albert Pick Edited by Colin Bruce II and Neil Shafer 1,008 pages 8 1/2"x11", hardcover, $55.00 Larger than ever, this volume covers 250 years of state and other limited circulation currency issues from 365 note issuing authorities. 16,700 notes are listed, with 7,660 original photos, many improved. The latest valuations include items previously listed, but now priced for the first time! STANDARD CATALOG OF WORLD PAPER MONEY Volume II, General Issues 6th edition By Albert Pick Edited by Colin Bruce II and Neil Shafer 1,136 pages. 8 1/2"x11", hardcover, $49.00 This expanded, revised volume upholds its reputation as "the" reference book for nationally circulated government legal tender from the past 300 years. Coverage encompasses the 18th through 20th centuries. More than 21,000 notes are listed, over 9,600 illustrations. Today's most complete, accurate reference for nationally circulated legal tender issues from around the globe. Mail with payment to: Krause Publications, Book Dept. JYM 700 E. State St., Iola, WI 54990-0001 Send me copy(ies) of the Standard Catalog of World Paper Money, Vol. I, Specialized Issues at $55.00 each. Send me copy(ies) of the Standard Catalog of World Paper Money, Vol. II, General Issues at $49.00 each. (U.S. addresses send $2.50 per book shipping for the first book and $1.50 for each additional book. Foreign addresses add $5.00 per book shipping.) ( ) Check or money order (to Krause Publications) ( ) MasterCard ( ) VISA Credit card orders call toll-free 1-800-258-0929 Dept. JYM Mon.-Fri. 6:30 am to 8 pm CST • Sat. 8:00 am to 2:00 pm General business phone: 715-445-2214 Mon.-Fri. 8:00 am to 5:00 pm Amoun for books $ Shipping $ Total Amount Enclosed $ Name Address City State Zip Credit Card No Expires: Mo. Yr Signature 41:110 M=M Official Bimonthly Publication of The Society of Paper Money Collectors, Inc. Vol. XXXI No. 2 Whole No. 158 MAR/APR 1992 sociEry OF PAPER MONEY COLLEC"FORS INC. Paper Money Whole No. 158 Page 41 PAPER MONEY is published every other month beginning in January by The Society of Paper Money Collectors. Second class postage paid at Dover, DE 19901. Postmaster send address changes to: Bob Cochran, Secretary, P.O. Box 1085, Florissant, MO 63031. ISSN 0031-1162 © Society of Paper Money Collectors, Inc., 1992. All rights reserved. Reproduction of any article, in whole or in part, without ex- press written permission, is prohibited. Individual copies of PAPER MONEY are available from the Book Sales Coordinator for $2.75 each plus $1 postage. Five or more copies are sent postage free. ADVERTISING RATES SPACE Outside 1 TIME 3 TIMES 6 TIMES Back Cover $152 $420 $825 Inside Front & Back Cover $145 $405 $798 Full Page $140 $395 $775 Half-page $75 $200 $390 Quarter-page $38 $105 $198 Eighth-page $20 $55 $105 To keep rates at a minimum, advertising must be prepaid in advance according to the above sched- ule. In exceptional cases where special artwork or extra typing are required, the advertiser will be no- tified 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 1st of the month preceding issue (e.g., Feb. 1 for March/April issue). With advance notice, camera-ready copy will be accepted up to three weeks later. Mechanical Requirements: Full page 42-57 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 cur- rency and allied numismatic material and publi- cations and accessories related thereto. SPMC does not guarantee advertisements but accepts copy in good faith, reserving the right to reject objection- able material or edit any copy. SPMC assumes no financial responsibility for typographical errors in advertisements, but agrees to reprint that portion of an advertisement in which typographical error should occur upon prompt notification of such error. \\lowAll advertising copy and correspondence should' be sent to the Editor. GENE HESSLER, Editor P.O. Box 8147 St. Louis, MO 63156 Manuscripts, not under consideration elsewhere, 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 the SPMC or its staff. PAPER MONEY reserves the right to reject any copy. Manuscripts that are accepted will be published as soon as possible. However, publication in a specific issue cannot be guaranteed. IN THIS ISSUE THE PAPER COLUMN THE SERIES OF 1875-1882 NATIONAL BANK NOTE SWITCH Peter Huntoon 45 NEW LITERATURE 52 All ABOUT "8" Jack H. Fisher 53 SOME TROUBLESOME COUNTERFEITS Brent Hughes 56 BANK HAPPENINGS Bob Cochran 64 THE GROWTH OF A SMALL TOWN—COALVILLE, UTAH Gaylen Rust 64 SOCIETY FEATURES CANDIDATES FOR SPMC BOARD 67 NOTED & PASSED 68 NEW MEMBERS 68 MONEY MART 68 ON THE COVER: Columbus in His Stud); engraved by James Bannister, and a holo- gram of the globe appears on a souvenir card that was issued at the FUN Show. The card can be ordered for $10 from ABN Commemoratives, 7 High St., Suite 412, Huntington, NY 11743. Inquiries concerning non-delivery of PAPER MONEY should be sent to the secre- tary; for additional copies and back issues contact book coordinator. Addresses are 42.00011 on the next page. SOCIETY OF PAPER MONEY COLLECTORS OFFICERS PRESIDENT AUSTIN M. SHEHEEN Jr., P.O. Box 428, Camden, SC 29020 VICE-PRESIDENT JUDITH MURPHY, P.O. Box 24056, Winston Salem, NC 27114 SECRETARY ROBERT COCHRAN, P.O. Box 1085, Florissant, MO 63031 TREASURER DEAN OAKES, Drawer 1456, Iowa City, IA 52240 APPOINTEES EDITOR GENE HESSLER, P.O. Box 8147, St. Louis, MO 63156 MEMBERSHIP DIRECTOR RON HORSTMAN, P.O. Box 6011, St. Louis, MO 63139 BOOK SALES COORDINATOR RICHARD J. BALBATON, P.O.Box 911, N. Attleboro, MA 02761-0911 WISMER BOOK PROJECT Chairman to be appointed LEGAL COUNSEL ROBERT J. GALIETTE, 10 Wilcox Lane, Avon, CT 06001 LIBRARIAN WALTER FORTNER, P.O. Box 152, Terre Haute, IN 47808-0152 For information about borrowing books, write to the Librarian. PAST-PRESIDENT RICHARD J. BALBATON, P.O. Box 911, N. Attleboro, MA 02761-0911 BOARD OF GOVERNORS DR. NELSON PAGE ASPEN, 420 Owen Road, West Chester, PA 19380 CHARLES COLVER, 611 N. Banna Avenue, Covina, CA 91724 MICHAEL CRABB, Jr., P.O. Box 17122, Memphis, TN 38187-0871 C. JOHN FERRERI, P.O. Box 33, Storrs, CT 06268 MILTON R. FRIEDBERG, Suite 203, 30799 Pinetree Rd., Cleve- land, OH 44124 GENE HESSLER, P.O. Box 8147, St. Louis, MO 63156 RON HORSTMAN, P.O. Box 6011, St. Louis, MO 63139 ROBERT R. MOON, P.O. Box 81, Kinderhook, NY 12106 JUDITH MURPHY, P.O. Box 24056, Winston Salem, NC 27114 DEAN OAKES, Drawer 1456, Iowa City IA 52240 BOB RABY, 2597 Avery Avenue, Memphis, TN 38112 AUSTIN SHEHEEN, Jr., P.O. Box 428, Camden, SC 29020 STEPHEN TAYLOR, 70 West View Avenue, Dover, DE 19901 FRANK TRASK, P.O. Box 99, East Vassalboro, ME 04935 WENDELL W. WOLKA, P.O. Box 262, Pewaukee, WI 53072 The Society of Paper Money Collectors was organized in 1961 and incorporated in 1964 as a non-profit organization under the laws of the District of Columbia. It is affiliated with the American Numismatic Association. The annual meeting is held at the Memphis IPMS in June. MEMBERSHIP—REGULAR and LIFE. Applicants must be at least 18 years of age and of good moral character. JUN- IOR. Applicants must be from 12 to 18 years of age and of good moral character. Their application must be signed by a parent or guardian. They will be preceded by the letter "j': This letter will be removed upon notification to the secre- tary that the member has reached 18 years of age. Junior members are not eligible to hold office or vote. Members of the ANA or other recognized numismatic so- cieties are eligible for membership. Other applicants should be sponsored by an SMPC member or provide suitable references. DUES—Annual dues are $20. Members in Canada and Mex- ico should add $5 to cover additional postage; members throughout the rest of the world add $10. Life membership, payable in installments within one year, is $300. Members who join the Society prior to Oct. 1st receive the magazines already issued in the year in which they join. Members who join after Oct. 1st will have their dues paid through Decem- ber 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. I N C P.O. BOX 84 • NANUET, N.Y 10954 • BUYING / SELLING-• OBSOLETE EECURRENCY, NATIONALSUNCUT SHTS, PROOFS, SC RIP BARRY WEXLER, Pres. Member: SPMC, PCDA, ANA, FUN, GENA, ASCC (914) 352.9077 Page 42 Paper Money Whole No. 158 BANIN IgrisozERCOMPLETE MONTHLY GLADE FOP PAPER MONEY COLLECTORSdo •Cpri t111 Christie's first auctionte of American Ban s $ k No Archives bring 3 million I/ V o11. 11 . Nationals topic of seco.,_ nd_editi.7:1_, Paper Money Whole No. 158 Page 43 U.S. PAPER MONEY COLLECTORS! Bank Note Reporter is for you! r L U.S. paper money collectors! Get more news of your particular collecting interest, every month, in Bank Note Reporter. Bank Note Reporter is the only independently produced publication that blankets the entire paper money spectrum. You'll get all the news you need. 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CP4 _1 Page 44 Paper Money Whole No. 158 1}1.1 11. ,1 1 ' WE ARE ALWAYS BUYING ■ FRACTIONAL CURRENCY ■ ENCASED POSTAGE ■ LARGE SIZE CURRENCY ■ COLONIAL CURRENCY WRITE, CALL OR SHIP: ,Ds3--TpT 4011 ■L'jJ VUrcl\ IL9ttlEN. 111C. LEN and JEAN GLAZER (718) 268-3221 POST OFFICE BOX 111 FOREST HILLS, N.Y. 11375 .....,... — S( K 11- 1‘.P. ..teA l' \ PI- Ft '■I()\ 1-.1 , i ( ( /1.1.1.k '1( 11S(y Im. ..•;.SD rot 42:: Charter Member Paper Money Whole No. 158 Page 45 It THE PAPER COLUMN The Series of iP ;L, by Peter Huntoon 1875-1882 National Bank Note Switch ABSTRACT Three banks that were organized in the 1881-1882 period hold the distinction of first issuing Series of 1875 national bank notes but before a year had passed, their issues were switched to Series of 1882. The three were: The First National Bank of Indianapolis, IN (2556), The National Bank of Commerce of Cleveland, OH (2662), and The Third National Bank of Cincinnati, OH (2730). One thing these banks had in common was that they were the reorganized successors to older banks that were forced out of business because their corporate charters expired before passage of the Act of July 12, 1882, which allowed for extensions. This is the story of these series switches as far as it is presently known. TRANSITION TO SERIES OF 1882 0 F the three transitions to new series in national banknote issues, none was as complex as was the transi-tion from the Series of 1875 to the Series of 1882 (see Table 1). This was the first series change and the Comptroller of the Currency had to contend with three distinct situations, all at once and all in large numbers: (1) new banks, (2) extended banks, and (3) reorganized successor banks. The latter two were new occurrences. The Comptroller of the Currency certainly anticipated pas- sage of the Act of July 12, 1882. With it would come provisions for granting one 20-year extension to the corporate lives of ex- isting banks, and a requirement that the currency issued to the extended banks must differ from that issued previously. De- signs for the new notes were prepared in advance as were the individual engravings; however, until the act passed, all the Comptroller or the Bureau of Engraving and Printing could do was wait. The wait turned out to be excessive. Many of the earliest national banks chartered in 1863 lost their lives before the act was finally passed in July. THE STARTUP OF THE SERIES OF 1882 The Comptroller began ordering Series of 1882 notes from the Bureau of Engraving and Printing immediately upon passage of the Act of July 12, 1882. On that date, he put into effect a policy to phase out the Series of 1875, although the new law did not require this. This policy treated three different situ- ations. First, the new law required the new series for extended banks. All were given Series of 1882 notes beginning with the first extension which was granted on July 14, 1882, just two days after passage of the act. Second, new banks organized on or after July 12, 1882, were given the new Series of 1882 notes. Third, and here is where it gets complicated, reorganized successor banks for which plates had not been ordered prior to July 12, 1882, were given Series of 1882 notes. Notice in this sit- uation that the July 12th date is still the key but a strange ele- ment of chance entered the equation. A reorganized bank which started the process of organizing prior to July 12, 1882, could get series of 1882 notes only if its plates had not been ordered prior to July 12. If, on the other hand, the plates had been ordered prior to July 12, the bank would get Series of 1875 notes. There were exceptions, but the outline above is the general pattern. The July 12, 1882 date is the key date—a cutoff date of sorts—but with a different meaning for each group. REORGANIZED SUCCESSOR BANKS In order to tell this tale, it is necessary to explain the situation regarding the corporate lives of the earliest national banks chartered in 1863. The Act of February 25, 1863, under which these banks were organized, endowed them with a corporate life that had to be 20 years or less from the date of passage of the act. Many of the early banks chose a corporate life of 19 years, or some other formula, that would force them out of ex- istence in early 1882 or even earlier. The Act of July 12, 1882, provided for a 20-year extension of corporate life, but it was not passed in time to save dozens of the earliest banks. These banks had no option except to voluntarily liquidate and apply for totally new corporate charters. The reorganization of these banks was undertaken under the authority of the then current Act of June 3, 1864, which had supplanted the original Act of February 25, 1863. All new na- Table 1. Listing showing intermixed issuances of Series of 1875 and 1882 notes for banks chartered between April 4, 1882 and August 26, 1882, and reorganized successor banks chartered earlier. * indicates the three banks which were switched from Series of 1875 to Series of 1882. All years are 1882 unless shown. (Continued on following page) Page 46 Paper Money Whole No. 158 Charter Succeeded Date of Date of Charter, placement reveals the series issued to the bank Number Charter City State Organization Series of 1875 Series of 1882 2493 34 Roundout NY Oct 15, 1880 Oct 18, 1880 2508 145 Huntington IN Feb 2, 1881 Mar 3, 1881 *2556 55 Indianapolis IN Jul 16, 1881 Sep 1, 1881 Sep 1, 1881 2607 434 Pontiac MI Dec 3, 1881 Dec 31, 1881 2654 69 Kittanning PA Mar 10 Apr 4 2655 Corning NY Apr 3 Apr 8 2656 398 Washington IA Mar 13 Apr 11 2657 Watertown NY Mar 29 Apr 12 2658 Knoxville TN Mar 30 Apr 12 2659 Bangor PA Mar 14 Apr 12 2660 Lebanon IN Apr 6 Apr 12 2661 Millerton NY Feb 18 Apr 12 *2662 13 Cleveland OH Apr 4 Apr 17 Apr 17 2663 Maysville KY Mar 27 Apr 19 2664 32 Cincinnati OH Apr 17 Apr 25 2665 Omaha NE Apr 11 Apr 25 2666 Lamed KS Apr 21 Apr 27 2667 Sellersville PA Feb 23 Apr 28 2668 62 New York NY Apr 14 Apr 29 2669 West Grove PA Mar 25 Apr 29 2670 8 Chicago IL Apr 25 May 1 2671 Conshohocken PA Apr 14 May 1 2672 19 Portsmouth NH Mar 2 May 1 2673 135 Brownsville PA Apr 11 May 1 2674 1514 Stillwater MN Mar 28 May 1 2675 372 Woodstock IL Apr 5 May 1 2676 Bloomington IL Apr 6 May 1 2677 Bismark ND Mar 13 May 3 2678 10 Dayton OH Apr 27 May 4 2679 Shenandoah IA Mar 3 May 4 2680 17 Richmond 1N Apr 15 May 5 2681 Streator IL Feb 22 May 5 2682 2 New Haven CT Apr 10 May 6 2683 York NE Apr 22 May 6 2684 Walnut IL Mar 20 May 8 2685 96 Barre MA Apr 25 May 10 2686 Gunnison CO May 2 May 11 2687 41 Kendallville IN May 1 May 12 2688 Springfield IL May 2 May 12 2689 Fort Worth TX Apr 17 May 12 2690 7 Cleveland OH Apr 12 May 13 2691 43 Salem OH Apr 10 May 15 2692 28 Evansville IN Apr 19 May 15 2693 3 Youngstown OH Apr 4 May 16 2694 Denver CO Apr 20 May 16 2695 15 Davenport IA May 1 May 17 2696 37 Centerville IN Apr 26 May 18 2697 77 Scranton PA May 5 May 19 2698 27 Akron OH May 11 May 20 2699 79 Worcester MA Apr 24 May 20 2700 42 Strasburg PA May 8 May 22 2701 11 Fort Wayne IN May 6 May 22 2702 De Kalb IL May 13 May 23 2703 5 Fremont OH May 13 May 23 2704 105 Valparaiso IN May 4 May 23 2705 Georgetown OH Mar 24 May 23 2706 Crete NE May 12 May 24 2707 97 Detroit MI Feb 1 Jun 19 2708 Flushing MI Feb 4 May 26 Paper Money Whole No. 158 Page 47 Charter Succeeded Date of Date of Charter, placement reveals the series issued to the bank Number Charter City State Organization Series of 1875 Series of 1882 2709 Sterling IL Apr 20 May 27 2710 25 Marietta PA May 24 May 27 2711 Pittsburgh PA May 8 May 29 2712 46 McConnelsville OH Apr 12 May 31 2713 Kirksville MO Apr 18 Jun 1 2714 22 Ann Arbor MI May 6 Jun 1 2715 64 Milwaukee WI Apr 24 Jun 1 2716 40 Akron OH May 22 Jun 1 2717 23 Lafayette IN May 17 Jun 1 2718 72 Oberlin OH May 19 Jun 2 2719 153 Geneva OH May 2 Jun 1 2720 Clarksville TN May 11 Jun 3 2721 Stuart IA May 1 Jun 3 2722 Covington KY Jun 3 Jun 5 2723 Weatherford TX May 29 Jun 6 2724 Blair NE May 17 Jun 7 2725 Beloit WI Apr 26 Jun 8 2726 Newport KY Jun 2 Jun 10 2727 59 Troy OH May 5 Jun 10 2728 Lemars IA May 23 Jun 10 2729 McKinney TX May 8 Jun 13 *2730 20 Cincinnati OH May 20 Jun 14 Jun 14 2731 1 Philadelphia PA Jun 10 Jun 14 2732 Helena MT May 29 Jun 14 2733 66 Lyons IA Jun 7 Jun 15 2734 70 Cambridge City IN May 11 Jun 15 2735 Belton TX Jun 1 Jun 17 2736 30 Wilkes Barre PA Jun 19 Jun 21 2737 Roanoke VA Jun 14 Jun 24 2738 18 Iowa City IA Jun 12 Jun 24 2739 51 Johnstown PA Jun 15 Jun 24 2740 Catlettsburg KY May 13 Jun 24 2741 84 Nashua NH Jun 19 Jun 26 2742 47 Terre Haute IN Jun 13 Jun 29 2743 61 Bath ME Jun 16 Jun 30 2744 57 Holidaysburg PA May 15 Jun 30 2745 48 Pittsburgh PA Jun 17 Jun 30 2746 Falls City NE Jun 20 Jun 30 2747 2101 Michigan City IN May 22 Jul 1 2748 83 Janesville WI May 23 Jul 1 2749 Houlton ME Dec 31, 1881 Jul 5 2750 Lincoln NE Jun 21 Jul 6 2751 85 Monmouth IL Jun 26 Jul 7 2752 Miles City MT Jun 12 Jul 7 2753 117 Marion IA Jun 30 Jul 12 2754 South Charleston OH May 27 Jul 12 2755 Franklinville NY Jun 13 Jul 14 2756 Hebron NE Jun 14 Jul 14 2757 Helena MT Jul 12 Jul 20 2758 Atchison KS Jul 8 Jul 21 2759 Eau Claire WI Jul 17 Jul 22 2760 Lynchburg VA Jul 10 Jul 26 2761 1550 East Saginaw MI Jul 4 Jul 26 2762 Atlantic IA Jun 24 Aug 1 2763 Fort Dodge IA Jul 8 Aug 5 2764 Cottonwood Falls KS Jun 21 Aug 9 2765 Canandaigua NY Jul 19 Aug 11 2766 Villisca IA May 29 Aug 11 2767 San Angelo TX Jul 31 Aug 17 2768 Duluth MN Aug 10 Aug 26 vaufgatekiti etaltkiVie;^ . tja4.10411.tta SEMNEll - MOOS 14MI /WA: ejTEHI: Deptioi0 i►ith the tijA &meow atiittoltinont / < •6- ite //, , / /// il,„ , NTY 20 1;;,■tutt:d It' t **, Orir 031311t, Off, At/ l'74V‘0-. The first Series of 1882 $5 printed, serial Al - 1 -A, was sent to The National Bank of Commerce of Cleveland, Ohio (2662). This bank was the reorganized successor to The Second National Bank of Cleveland, Ohio (13). The National Bank of Com- merce was switched from Series of 1875 to 1882 issues in 1882, three months after it began issuing notes. (Photo courtesy of Dean Oakes.) Proof from the 50-100 Series of 1875 plate for The National Bank of Commerce of Cleveland, Ohio, charter 2662, made in May 1882. The bank was switched to Series of 1882 issues in July. (Smithsonian Institution Numismatic Collections photo 84-4640.) Page 52 Paper Money Whole No. 158 Table 3. National Bank notes issued by the banks that were switched from Series of 1875 to Series of 1882. Dates are when sheets were sent to the bank by the Comptroller of the Currency. Series of 1882 First Shipped Aug 7, 1882 Aug 30, 1882 Aug 14, 1882 Sep 6, 1882 Sep 11, 1882 Series of 1875 Plate Combination Sheets Dates Shipped 2556 First National Bank, Indianapolis, Indiana 5-5-5-5 500 Sep 24, 1881 10-10-10-20 400 Sep 24, 1881 50-100 400 Sep 9, 1881 — Sep 24, 1881 2662 National Bank of Commerce, Cleveland, Ohio 5 5 5 5 10-10-10-20 50-100 856 May 18, 1882 — Jul 17, 1882 2730 Third National Bank, Cincinnati, Ohio 5 5 5 5 10-10-10-20 -- 100-100 2500 Jul 25, 1882 — Jul 31, 1882 teresting distinction. Of all the banks that issued Series of 1882 notes, this bank had the earliest of either the date of charter or date of extension. Thus, the notes issued by the bank carry the oldest date found on the Series of 1882 notes: September 5, 1881, a batch date that follows its September 1, 1881 date of charter. See Huntoon (1991) for the details pertaining to plate dating con- ventions. DETAILS FOR BANKS THAT SWITCHED Table 2 lists information gleaned from the proof sheets for the three banks that were switched from Series of 1875 to Series of 1882 in July and August of 1882. Included also are data for The First National Bank of Woodstock, Illinois, which followed the same pattern but which never received Series of 1875 notes. No- tice from the approval dates that all these Series of 1882 plates were made within a month of each other in July and August of 1882. Table 3 summarizes the data pertaining to shipments of sheets for these banks during the period of the switch. Several Series of 1875 rarities were created in the process. PROGRESS The information presented here updates information and revises interpretations in Huntoon (1986). Organization reports for banks chartered in the 1881-2 period that I found in the National Archives in Suitland led to substantial improvements in Table 1 over the earlier version. Doug Walcutt is responsible for dis- covering in 1991 that The First National Bank of Indianapolis, Indiana, was one of the banks to switch series midstream. Years ago, Gerome Walton was the first to figure out that The National Bank of Commerce of Cleveland, Ohio, and The Third National Bank of Cincinnati, Ohio had switched. Through good fortune, I discovered the Woodstock, Illinois, situation while examining the Smithsonian proofs for this time period in 1985. SOURCES OF DATA Bureau of Engraving and Printing, various dates, Proof specimens printed from National Bank note plates: Smithsonian Institution Numismatic Collections, Washington, DC. Comptroller of the Currency, various dates, National currency and bond ledgers: U.S. National Archives, Washington, D.C. Comptroller of the Currency, various dates, Organization reports for na- tional banks: U.S. National Archives, Suitland, MD, Record Group 70A1478, box 205. Huntoon, P. (1986). The relationship between national banks and cor- porate extensions and reorganizations of national banks: Paper Money, v. 25, pp. 97-118, 131. Huntoon, P. (1991). Plate dates on converted territorial national bank note plates: Paper Money, v. 30, pp. 37-40, 56. ■ New Literature The History of Currency in the Sultanate of Oman. R.E. Darley- Doran. 144 pp., hardcover. Spink & Son, Ltd., 5-7 King St., St. James's, London SW1Y 6QS, England, £45 postpaid. This beautiful 10x13 inch book was commissioned by the Cen- tral Bank of Oman. Coins, with an indication of actual size, and bank notes, chronologically listed from 701 A.D. to 1990, are il- lustrated in color. The text, which includes a history of Oman, is in English and Arabic. Photographs of many buildings, forts and palaces that appear on Oman's paper money are also shown, some full-page size. This lovely book is a feast for the eyes and should encourage many to consider collecting coins and currency. (Jerry Remick). Military Payment Certificates, a Special Study. Fred Schwan. 20 pp., softcover. BNR Press, 132 E. Second St., Port Clinton, OH 43452-1115, $10 plus $1 postage. The author has recorded over 1700 replacement serial numbers, including some that replace specimen notes. A star identifies a current Federal Reserve note; a serial number without a suffix is used for a military payment certificate. This booklet, limited to 100 copies, can stand alone, however, it complements Military Payment Certificates, also by Fred Schwan. Confederate Money . . . Its Good! Grover Criswell. 58 pp., softcover. Brannon Pub. Co., $5 postpaid from Criswell's, Ft. McCoy, FL 32134-6000. This compendium describes and illustrates all major Confederate paper money issues; prices are included. The best feature is a two- page list of clerks who signed Confederate notes for the Register and the Treasurer of the Confederacy. The back cover has a drawing of the probable appearance of the known $10 note, similar to T-12; it was drawn by Brent H. Hughes. Hong Kong businessman paid $47,000 to acquire the number which are stated to be: "artesmisia leaf, books, coin, jade or arror.riarmacarwriesorawarancr.r. arwrx-m-ersm-,..m-r,,--.-r-• gr r )19 S 1 1.1'4[14-t I. V $5 United States note, 1863. ITY 1.1•A•4 ref boki, • traartiraCCOMMPA7:;111:- 4? 4; is Paper Money Whole No. 158 Page 53 A L L A B 0 T by JACK H. FISHER T HE number "8" received special media attention on August 8, 1988 when there were stories from varied and diverse places in the world pertaining to the fact that August 8, 1988 was regarded by millions of people as the luckiest date in the entire 20th century in that this date converted to "8-8-88'1 Thousands of couples around the world scheduled their weddings on that date to guarantee that they would have a long marriage filled with good health and good fortune. Many individuals requested that certain types of procedures be scheduled on "8-8-88" from elective surgery to business transactions. It was even reported that some women who were pregnant requested that their physicians induce labor or perform Caesarean operations on "8-8-88" so that their children could be born on the luckiest day in the 20th century. For years I was aware that paper money collectors around the world pursued and collected notes with the serial number "8," and I am included in that group. For me number "8" is a special serial number, along with "1,-111111111 "888888881 "99999999," and the nine digit "100000000'1 The number "8" was being played by so many individuals in various lotteries in the Orient as a single number "81 "88" and other multiples that some lottery officials refused to accept any more bets with the number "8" or multiples of number "8" on August 8, 1988. There was even the report that one wealthy "8" as his personal motor vehicle license number. There was much publicity over the fact that a Royal Prince was born to Prince Andrew and Princess Sarah of Great Britain on "8-8-88", which placed this Royal Child in a special category as a very "lucky individual" and a possible special future King. I questioned myself as to why I was attracted to certain serial numbers. Then it made me even more curious why and how other individuals regarded some number or numbers special or lucky for them. I regarded certain numbers special to me to the extent that I would pay more for a type note with my "special number or numbers" over what I would pay for the same type note in the same grade with other serial number or numbers. It was obvious to me over the years that this was true of other collectors. I remember Amon Carter, Jr. had special serial numbers, but it seemed that he had a special attraction for numbers "1" and "51 The publicity about the importance of the number "8" on August 8, 1988 prompted me to do some preliminary research, which was shared with the numismatic and syngraphic community last year. This preliminary data did not satisfy me, so I looked further into the number "8" 'and why it was and is regarded as special and important to so many people. My preliminary research pointed to the Orient, so I continued in that direction. My additional research uncovered much new information and knowledge of many cultures, periods of history, religions, superstitions, mythology, folk lore, art and literature; all involved in one way or another with the number "81 The "Eightfold Path," the doctrine taught by Guatama Buddha in his first sermon at the "deer park in Benares, India," is regarded by many as the summing-up of the basics of Buddhist teaching. I read this "Eightfold Path" and his "Four Noble 'Truths!' "They provided me with a starting point or basic foundation to learn about Buddhism and its relationship to "81 I discovered that in Buddhism the number"8" is regarded not only as a special number, but as a sacred number as well. It signifies the "Eight Directions1 There are also the "Eight auspicious or lucky signs on Buddha's foot'=banner or canopy, conch shell, endless knot, two fish, jar or vase, lotus or bell, wheel of the law, and white parasol. Then I learned about the "Eight Paths of Wisdom," which are intertwined with the "Eightfold Path1These "Eight Paths of Wisdom" are stated to be: "right conduct, right contemplation, right effort, right faith, right occupation, right resolve, right self concentration and right speech!' Then I read about the "Eight Precious Things," Page 54 Paper Money Whole No. 158 ENOVIDNOINJI111311; ILLS Ilrit DEPIDITED h---) V88888888:- liagoble In the :/ 'Jo v0 -0 ir.Y0 v v qrAtig322IalifeatiTer 11 TM% NOT . ISA Et:4.AI TENDED FOR ONE DOIJ r. $1 silver certificate, series 1899. $1 United States note, series 1917. stone gong, lozenge (musical instrument), metal mirror, pearl and rhinoceros horn" The statement of "Eight Magic Horses" in Chinese thought and legend refers to the "WINDS" which "were attached to the Chariot of Mu Wang!' Information about the seasons was in- vestigated. They were once numbered as being "eight!' The "holy steps to the North Temple of 1-leaven at Perking are eight!" I also learned that some Buddhists in China regard the eight precious organs of Buddha's body as "gall bladder, heart, intes- tines, kidney, liver, lungs, spleen and stomach" The "eight pre- cious things" are stated in both Taoism and Buddhism as being known as the "pa (Pao)" It is claimed by some that the Chinese language "was devised and used for divination" being formed "by placing the yin and yang signs over one another in eight combinations" It became apparent that "8" was synonymous with oriental culture. This was reinforced by information obtained per- taining to the "Eight Immortals" the "Eight Banners' the "Eight Eccentricities of Yang-thou' the "Eight Legend Essay" the "Eight Masters of Nanking" the "Eight Views of Lake Beiwa," and other references to "8" A collector living in Hong Kong answered my inquiry per- taining to number "8" with additional reasons for "8" being regarded as "the best lucky number in Hong Kong!' One reason is that the pronunciation of EIGHT in the Chinese language is similar to the Chinese word which means "BECOME RICH or GROW RICH!' I had informed him that one Hong Kong busi- nessman paid $47,000 for the motor vehicle license number "8," and he stated in his letter to me that "License Number 8888, worth over $1,000,000, was purchased by Hong Kong's 6th richest man for his Rolls Royce" He provided me with a photo- graph of the front of the motor vehicle with the "8888" license number. He also sent me photocopies of his impressive collec- tion of "8" serial number notes. My inquiries at our local colleges and university resulted in a Professor from Japan informing me that "8" is highly regarded in Japan also. He stated that individuals who attain the very special age of "88" are honored with a special celebration. This made me realize that both of my parents had achieved this very special age of "88" and then died at age "88" Then I read that "the numerator of Jesus in Greek is 8", and that "eight was sacred to Christ in his essential elements!' Fur- ther reading revealed that "eight represents the number of beatitudes in the book of Matthew!' My initial conclusion about "8" being exclusively Oriental in background proved to be incorrect; I was discovering that "8" was also extremely im- portant in other cultures. I was even advised that the "bap- tismal fonts are octagonal in shape to signify that creation was completed in seven days and regeneration occurred on the eighth!' As I went along in my studies I found a reference to number "8" and Egypt. I learned that the "Emblem of Thoth in Egyptian antiquity was eight sided!' I also learned that the "Ogdoad or eight ancestors of the Egyptian Gods" was important not only in ancient Egypt but to this date in the minds of some people in the area. Greek history reveals that "the tower of winds at Athens was octagonal" Apollo's chariot was supposedly pulled by "eight s13111,0or 110, ,71,.,.. .16 ,„, 1[1.111■7\1111L; I COM 11.-ILICUSt 7”:11.•:.• J77.11,A. itte 666-6—, ,„1 , A Ar:■ ■ Paper Money Whole No. 158 Page 55 horses" (winds). It is also claimed that the number "8" was "sa- cred to Poseidon!' Some say that "in one direction the pillars of the Parthenon are eight!' Hebrew belief and tradition claims that "eight persons were saved from the flood, and the number typifies atonement or regeneration': And, among Hindus 'The Gayatri prayer of Hindu sacrifice consists of eight syllables!' Some "mystics" call "8" the "gleaner" who assigned it to the "Assyrian Nebo, Egyp- tian Thoth, Greek Hermes, Roman Mercury and to others!' The other source divulged that "8" was "the Babylonian Sun Em- blem': Then from another direction I learned that "many American Indians believed heaven is in the form of an eight- spoked wheel called the Wheel of Good Law!' Individuals who consider number "8" to be their special or lucky number, without any conscious knowledge as to why or how, might gain at least some superficial insight from some of the information presented here. It was of special interest to learn of Eight Eight, Kentucky. $1 United States note, series 1917. Canada: $25 note commemorating the 25th anniversary of the accession of King George V same "mystics" are also said to claim that inasmuch as "8" is "formed with links" that it represents the mystic tie or spirit. My research was begun only as an attempt to learn the basis for "8" being a special number for those collectors of paper money who collect notes with serial number "8" or multiples. I had no idea that what I thought would be relatively simple would take me this far. As I concluded my investigation I learned that some consid- ered "8" to be "action and reaction, evolution and involution, flux and reflux, justice and injustice, knowledge and love!' An- _ •"zti: • This town may be of interest to collectors for its post mark, et al. A celebration and parade received much media attention on August 8, 1988 (8-8-88). I have more information on this town should anyone desire to contact me. Individuals with information pertaining to notes with serial number 8 and 88888888 or any combination, including 80, 800, etc. and radar notes, e.g., 80000008, of the number 8 with special stories or pedigrees are requested to contact me at: 3123 Bronson Boulevard, Kalamazoo, Michigan 49008. Information received will be shared with the numismatic and syngraphic community. ■ Paper Money Whole No. 158Page 56 Some Troublesome C onfederateounterfeits by BRENT HUGHES S OME counterfeits of Confederate notes caused more problems than others. Some of the more serious, from the standpoint of damage to the confidence of the peo- ple, were the lithographed copies and, to a lesser extent, the woodcut versions of the $100 note dated September 2, 1861 printed by Hoyer & Ludwig of Richmond, Virginia. We know this note today as Criswell Type 13 2Slaves Loading Cotton Bales on Wagon; Sailor Leaning on Anchor at left." A total of 607,227 of these notes were printed, representing a face value of $60,722,700 to a beleagured Confederate Treasury in desperate need of cash to pay its bills. Unfortunately the crudeness of the genuine notes en- couraged counterfeiters to copy them and they responded in such volume that the genuine notes had to be recalled; a serious move at that time. Dr. Douglas Ball told us in the August 1978 issue of the Bank Note Reporter that the genuine note features old style vignettes, the sailor of unknown origin and the wagon scene being a product of Draper, Toppan, Longacre & Company used on some railroad notes as far back as 1837. The need for paper money was so great at the time this note was printed that we can well imagine that as soon as Hoyer & Ludwig printed the sheets they were rushed over to the Treasury Department to be signed, numbered and cut apart for issue. I have one note that may show evidence of this haste. The autographs of R.J. Delony and J.W. Jones are blurred as if the brown ink had been applied to wet paper. The red ink used for the serial number 27843 is sharp, as if the sheet of notes dried before it was written in. Dr. Ball also informed us in the December 1978 issue of the same publication that counterfeits of this note showed up in quantity at Atlanta and in the area from Montgomery, Alabama to Colombia, South Carolina. Reports from bankers led Secre- tary of the Treasury Christopher Memminger to issue a circular letter advising that Hoyer & Ludwig's $20, $50 and $100 notes had been counterfeited in such quantities that the Confederate government had no choice except to recall them. In exchange for the genuine notes the government would issue $100 interst- bearing notes at 7.30% and 90-day 6 % recall certificates. The receipt of this circular caused merchants, bankers and even tax officers to refuse to accept the notes, creating a mild panic among the citizens. The turmoil led Assistant Secretary of the Treasury Phillip Clayton to go south to look into the matter. Treasury investigators traced the point of issue to Mont- gomery and identified the counterfeiters as a man named George Payne and his three sons. When the case came to court it was revealed that the Paynes had passed a million dollars worth of counterfeit notes into circulation. To compound the problem caused by the Paynes and their lithographed counterfeits, other copies were also placed into circulation. These were the now famous Sam Upham "facsim- iles" with printed or forged signatures along with printed or written serial numbers. Upham's advertisement had been trimmed off the bottom edge and the notes saw wide circula- tion as evidenced by the well-worn specimens around today. Even though Upham's printer used electrotype plates made from crude woodcuts, the uninformed public was still vic- timized by smugglers and other sharpies who were all over the south at the time. The original woodcuts had been created by newspaper artists and there is evidence that the electrotypes were available to anyone with the purchase price. Thus it is very difficult today to make flat statements that a particular counter- feit note was printed and sold by Sam Upham because mul- tiple electrotypes made from the same woodcut would, of course, be exactly alike. In this study the various counterfeits of Type 13 are presented in no particular sequence because it is impossible to tell which came first. Since the genuine notes were litho- graphed, the counterfeits made by the same process are shown first, followed by Upham's products combined with similar notes possibly issued by his competitors. Identification of the various counterfeits centers on the two vignettes and the number of flourishes under the large "OF" at right center. Philip Chase, in his 1947 book Confederate Treasury Notes, pointed out significant clues for examining the vignettes. He used side-by-side comparisons of the sailor vignette to compare the counterfeit to the genuine note. On the genuine note the facial hair and expression of the eyes are portrayed in ways not easily copied. The sailor's belt is described as "almost black" with a distinct buckle; some coun- terfeits show a white belt with a blurred buckle. Chase found a large stone and a small one between the sailor's feet. This point is a matter of perception, I suppose, because under magnifica- tion I find three stones with a lack of shading behind the first and second stones; some people see the white area as a fourth stone. Our illustrations show an enlargement of these rocks so the reader can see the problem. Chase also examined the center vignette and counted the spokes on the rear wheels of the wagon. Chase found seven spokes showing on the left wheel but failed to mention that the right wheel had fifteen spokes. These spokes are more visible on light-impression notes than on darker ones. Counterfeiters were careless in this detail and the number of spokes varied with the artist. There are other differences that will be pointed out in the fol- lowing descriptions of the counterfeit notes. Readers who have any of the last three counterfeits as described by Chase or any /kir1,677%i ///.. 91/7 ii;;77/// K/A(ila' ///t." ((w//a-i,-/76 ' //// /X(' /7.i////''' " /o/•11E6ISTE Paper Money Whole No. 158 Page 57 counterfeits not listed in this article are invited to correspond with me at 781 Seay Road, Inman, South Carolina 29349. I will be happy to supply sharp photocopies of any of my counter- feits in exchange for yours. Incidentally, in making copies on the typical order, it is beneficial to make the copies on the "lighter" side of the contrast control. This will drop out soil marks and other defects and show more details of the actual printed design. Copiers vary by manufacturer and age so a bit of experimenting is in order. You may find that careful use of a pencil eraser will also eliminate unwanted marks from your photocopies after which you can often replace lines with a sharp pencil. To preserve your original copy, run it through the copier a second time at normal exposure. In most cases the results will be quite pleasing and create a good illustration for publication. The $100 face value of Type 13 made it a popular target for the counterfeiter because it cost him no more to make a $100 bill than it did to make a $10. As a result there were many other lithographed counterfeits that I do not have in my collection. Philip Chase described three of them in his "New Findings" ar- ticle in the October 1951 issue of The Numismatist. Unfor- tunately Chase did not picture the entire notes but did illustrate the differences in the sailor vignettes. He described the three notes as follows: #C4-138: Plate letter-numbers A4 and A8, well-executed, one- quarter inch shorter than the genuine note. The vignettes are clear and sharp. The serial number on one note is much too high, being 76410. #C5-138: Same design as #C4-138 except that flourishes are present between "CONFEDERATE" and "STATES" Plate letter-number is A2. Same size but not quite as well executed as #C4-138. The lathe work in the lower right value medallion is poor. #C6-138: Same design as #C4-138 except that the tablet above the sailor's head is more heavily ornamented around the lettering than is the tablet on the genuine note. Lines appear heavier and give the note an overall darker appearance. The signatures are obvious for- geries and not in agreement with serial numbers listed in the Thian Register. Some of the counterfeiters were fast on their feet. They were either very competent printers or employed engravers and printers who were skilled. The use of the heavy lithograph stones required heavy presses and therefore substantial floors under them. Most likely the counterfeiters used print shops in small isolated towns where there was little chance of being dis- covered by Treasury detectives. Like other things in short supply, printing paper and ink could be purchased on the flourishing black market. The genuine note: Criswell Type 13—Slaves Loading Cotton Bales on Wagon; Sailor Leaning on Anchor at left. On the center vignette, note that seven spokes are visible on the left rear wheel of the wagon while the right wheel has fifteen spokes. On the vignette of the sailor, note the facial expression and haircut which features sideburns and no beard. The face and hands are shaded as are the sails of the ship in the background. The sailor's belt is almost black and the belt buckle is distinct. There are what appear to be three stones between his feet but omitted shade lines behind them make them appear to be a large stone and a small one. The serial number is written in bright red ink while the signatures are medium to dark brown. There are four flourishes under the word "OP' at right center. Flourishes under the other words vary, depending upon the location of the center vignette. /al/ //i777r, itte1/44{17y/i/ Page 58 Paper Money Whole No. 158 Sam Upham was a Philadelphia storekeeper who bought his first electrotype plate from a local newspaper after it had run the "rebel" note in one of its editions. Sam noticed that there was heavy demand for the paper and asked a customer about it. When he was told that "everyone wanted the rebel note as a souvenir" and Sam was not able to get any more papers to sell, he went into the "facsimile" business. He sold thousands of such notes while he pretended that none of them were being passed off as counterfeits. People look at the crude woodcut designs today and wonder how anyone could have been careless enough to believe they were genuine Confederate notes. Nevertheless they did circu- late and cause great concern in Richmond. President Jefferson Davis, Treasury Secretary Memminger and some Congressmen denounced Upham; Sam said in 1874 that Davis had offered a reward of $10,000 for his "corpus, dead or alive' This may have been a fantasy on Upham's part but we do know that his products caused great harm to the southern economy. These details of the genuine note are the principal ones to check if you suspect a note might be counterfeit. 1. Examine the stones between the sailor's feet. Counterfeiters tended to get careless in rendering the shape and number of these. 2. Count the spokes in the rear wheels of the wagon. There are seven spokes visible on the left wheel and fifteen on the right wheel. 3. There are four flourishes under the word "OF- at right center. Also study carefully the facial expression of the sailor. Counterfeiters had difficulty with this particular detail. (.70/4) el/a/e) r //7/Cila" 3//2' //:;///7(r' ••••- ' , pf., C t'1, C IR!• 4 ;7. 7ArTalteltundred /eliefac (1/.0?„9 -01A114114-- --tornEcits.riat iii;;Thiaateinctiftrt 4 _ Onellkindr e d D °nor s 117 fiv-wW: m4,? /10. /// //I/7 ///j/UTSTFIt TitE „ 4::// Je-r//r /*/;' Paper Money Whole No. 158 Page 59 This is the lithographed counterfeit designated #C1-138 by Philip Chase. The plate letter is "A" The serial number written in red ink is 2098; the written signatures in brown ink appear to be "L. Mormon" and "LB. Cohen" and are completely fictitious. Nothing similar to them appears in the lists of authorized signers in the Titian Register. This is a very deceptive counterfeit even though it is smaller in both dimensions than the genuine note. It is also slightly shorter in length than Chase #C2-138. The workmanship is so good that some scholars believe these notes were made in England. The right wagon wheel shows twelve spokes instead of the fifteen on the genuine note. There are four distinct stones between the sailor's feet and his belt is white with a distinct buckle. There are four flourishes under "OF" at right center as on the genuine. The shading of the ground under the left wheel of the wagon is sharp-pointed and distinct while the genuine note shows softer points and softer shading. This is the lithographed counterfeit designated #C2-138 by Philip Chase. The plate letters are "Al:' the serial number 1071 is written in red ink and the signatures are written in medium brown ink. The paper is very good with some crispness still present and may have been made in England. It is essentially the same plate as #C1-138 but is slightly shorter, which may have been caused by dampness at some point. The white belt is the most obvious flaw, leading most collectors to call it by that name. /1//-//a; (0/ ./X/' /;;-:---- "/ lic-ieli i ,v/fre/ i' .&j2 6141fidaale', t. .‘'; 0,-,77&// yip yrh, Llia/e) ;1( tiu Page 60 Paper Money Whole No. 158 This excellent, lithographed counterfeit has beautifully-forged written signatures of C.C. Thayer and Jno. Ott in medium brown ink. The serial number is written in red ink and appears to be 12797 although it is partially obscured by the right "COUNTERFEIT' stamping. The Thian Register indicates that the genuine note with this serial number was signed by E.L. Massie and 1-I. Kepler. The note bears plate letters "Ar but we know that it was also printed with "A" and "AG!' Other combinations may exist also. There are eight spokes visible on the left wagon wheel; fifteen on the right. The spokes are quite distinct but the cotton bales on the ground are muddy. There are three stones between the sailor's feet and his eyes are quite dark. The anchor touches the left border line but on other notes it may not. This counterfeit was detected by a bank or depository teller and marked with a rubber stamp four times, working from left to right. The first stamping is heavy with black ink, the second somewhat less and the third and fourth progressively lighter. Somehow the note survived the war and entered the collector market. . - a- We ._, /4y/4yd/a et, aiC &>/il(09' " (----7-._-. Jam' ', i , .. , 1-tqii-ilik,,,97-f.wir tiri'NO2/1,&/e4ezte/ Vf-72Car( - / • .(!e-62/(1(171/ .1 , Y kr . , - _ .'4'- W CV:476i i"' Ilk 4I, . - -- -t '-.> .._ N' t Clicakel PAYSIRTg` -2-12A !Clitemtt 44s,2 Ot. '1 Vw %- t2-\ 1 ill ilk , .._, l ' N -,--- .- 4.1.st, --\ N l , s • — , -4'toft . ■ \ , %, ... \`.-.-__ P.a. 1,1e inCome ,..,--,.c..„ _ .,..... ----,... era, e , --- --,'= .„.".■...,,- \,...._ -"%ittal'044)=.7,s;-----. _ ---... _ ...7._, pc I. ,:gent,,Itt Leust ' -------..,_ —, z_____,, 4501,/ ,, -, .. .,..,:,,,.:‘&. %,.^ .* A• ,,,, '''''' --....- Ona_lUtulteciDelbrs fr (1/7W 1121037DVAS. ,,,,----Rr, ,,c ■oe ..0010...7.,-"— "e--'*--iliiiiewyrza --lbr MM.r. ts RIC VA Ibc-Sitnac Omfoderate Note.—Sold Wholeardc and Edat7, by S. C. Upham, 403 (Anima St. PluTodelpfik. °,01';Z:1 /4"°. /4W/eV' k-'. •kV T. 4 , This is a typical S.C. Upham product printed with an electrotype plate made from a woodcut. Everything is printed including the serial number 15049 AG and the signatures of C.C. Thayer and Jno. Ott. A check of the Thian Register shows that the genuine note bearing this serial number was in fact signed by Thayer and Ott which indicates that the woodcut artist used the genuine note as his model. Being a woodcut, the copy is utterly different from the genuine but we will use our reference points anyway. The left wheel on the wagon shows ten spokes; the right wheel shows fourteen. The sailor's face is white without shading and there are only two stones be- tween his feet. There are three flourishes under "OF" at right center plus an obvious blemish at the left end of one flourish, possibly where the artist's burin slipped and dug into the wood. Upham's advertisement is in large italic lettering on the bottom margin, located where it could be easily trimmed off xici*die/ eaq Vikace .PAIMEN °KAtt-134 *7,614-141,-cmg d m{d7. of-Arac,- t 02Adekt/ IT4T1EW ae- &//e- ems?cNrczq w One '114n:: 41rettOollar$ oeVe4 ,,,„. . //Mk 3=4,14 m.o. atILEMST tit VPNAY, Paper Money Whole No. 158 Page 61 This is the same Upham product with his inscription trimmed off and passed into circulation. Stains on the back show that the note was folded three times and carried in a leather wallet for some time. The note has been expertly restored without removing the stains and thus exists today as evidence that Upham's notes were ac- cepted by many southerners as genuine, causing great harm to the victims. This Sam Upham product is different only in the blank serial number space and the printed signatures which appear to have been printed separately. Note that the bottom stroke of the large "C" in the Thayer signature stops on the border line rather than extending below it Upham gave his customers what they ordered and he may have had a request for notes with printed signatures but blank spaces in which the customer could write his own serial numbers. Such counterfeits would obviously be easier to pass because each note would have its own unique serial number. To fill this order (some were quite large), Upham may have made a separate electrotype plate of the signatures only and thus could custom-make whatever was required. His inscription is in small block letters on the bottom edge but again was printed where it could be trimmed off 7S/c7W JoAi ,de/' -(ti tt;-/zeacr f/ig 7 6-7ezrd 0,,,,QP1s' gea>zao9rEPT ts. -`-` 1Tr- est)Cent . e-._ NaattilLAMS P Page 62 Paper Money Whole No. 158 This note appears to be an Upham product on which someone wrote in the serial number 7070 in red ink. The printing plate was made from the same woodcut as Upham's known products as seen by the flaw near the flourishes under "OF" at right center. Since C.C. Thayer and Jno. Ott signed genuine notes with serial numbers from 1 through 7,800, the person who wrote in 7070 may have had genuine note 7,000 in his possession and worked up from there. He would have ended up with a pack of one hundred counterfeits with con- secutive serial numbers. Such notes would have looked more authentic than the same number of notes with the same serial number. This note was printed with an electrotype plate made from the same woodcut as the Upham notes which bear his inscription on the bottom edge. It may have been produced by a competitor since the inscription "Fac-Simile Counterfeit Note" appears on the left margin and Upham never mentioned that he used such an inscription. The signatures are printed but the serial number 4504 was written in dark brown ink. Since we know that the genuine note with this serial number was signed by R.M. Payne and R. Hill, Jr. we know immediately that the note is spurious. Oitelitindre-ciDallars ,erie4 Ractivr—ordi'it7445m44, d/c16P ISMS PAPER MONEY UNITED STATES Large Size Currency • Small Size Currency Fractional Currency • Souvenir Cards Write For List Theodore Kemm 915 West End Avenue q New York, NY 10025 THE ARAB WORLD CONTACT OFFICE FOR HISTORICAL PAPER MONEY is tat cSt.i..))_>s e..vs * SPECIALIZED IN ARABIC PAPER MONEY TO REQUEST A FREE LIST (ATTN. AGAL) P.O. BOX 11534 • GLENDALE, (A 91226. U.S.A. TEL. (310) 288-1160 WE BUY Paper Money Whole No. 158 Page 63 This note is known to some collectors as the "one-eyed sailor" because his right eye seems to be missing or at least injured. It is very similar to Upham's copy but differs in a number of ways. There are only two flourishes under the "OF" and the blemish is missing. The spoke count is the same as Upham's products but the left bale on the ground is different in shape and is more evenly shaded. The round flourish near the "A" at right is rotated to be open at the top rather than on the right side. The note shows signs of circulation even though no serial number was ever entered. In today's market collectors seek Upham notes with his ad- vertisement intact on the bottom edge and are willing to pay more than for a note that has been trimmed. The early Upham products were printed on poor paper and show up today in tat- tered condition. After the Union officials found out what he was doing, the quality of his paper improved considerably and many scholars suspect that Uncle Sam may have become a silent partner to Upham. Some of this paper was made in Eng- land, seized by the blockade fleet and auctioned in Philadel- phia. It ended up at Sam Upham's printer and made it possible for today's collectors to find some Upham notes in excellent condition. Upham's operation is one of the most fascinating aspects of collecting today. Collectors believe that all of the electrotype versions based on crude woodcuts have been unearthed but there may be other lithographed counterfeits somewhere waiting to be dis- covered. The search goes on because in this hobby one never knows what might turn up. The collection of contemporary Confederate counterfeits is a growing hobby that offers a fertile field for further research. Sources: Ball, Douglas. Various articles in the Bank Note Reporter. Chase, Philip. (1947). Confederate Treasury Notes, Philadelphia. Hughes, Brent. (1988). 'The Saga of Sam Upham, Yankee Scoundrel, booklet, Inman, S.C. NK HappeningsB Page 64 Paper Money Whole No. 158 From The Banker's Magazine ■ Submitted by Bob Cochran The First Savings Bank [From American Bankers Association Journal, October 1931. Submitted by Bob Cochran.[ T HAT there is no limit to the value of a good thought can be illustrated in no better way than by consideration of the results that have flowed from the good thought which Rev. Henry Duncan had for the betterment of the people of his community. He was living in the village of Ruthwell, Dumfriesshire, in the lowlands of Scotland in 1810 where the people had a hard enough time getting along because prices were up and wages were down—if indeed, the latter had ever been up worth men- tioning. Though it would appear that the people had little to save and were in no need of advice to be thrifty since dire necessity com- manded a frugality that might be surprising in times and other places, Mr. Duncan nevertheless thought that, poor as they were, there was something going to waste which might have been saved, and that he could show them how to help themselves. Probably the biggest factor making for the success of his then novel plan was not the visible amount that could be saved but the inherent instinct of thrift in the race. So he began in the little cottage. The philanthropic flavor of Mr. Duncan's effort is suggested by the condition that the bank, small as it was, did not accept customers out of hand. Before an account was opened there was an investigation of the character of the applicant, and strange to reflect upon in these times, the governing authority fixed different rates of interest for different people, not ac- cording to the amount of money they placed on deposit or the period for which they left it with the bank, but according to their aims and objects in life. He who saved against the coming of the rainy day, or the coming of old age was just an "ordinary" depositor, whereas the man who drew out his money after three years for the purpose of marrying stood in a favored class. For to him the rate of interest paid was said to be five per cent, but if he drew out his money and chose to remain single he au- tomatically stepped down into a lower class and received but four percent. The Growth of a Small Town Coalville, Utah by GAYLEN RUST C OALVILLE, the county seat of Summit County, is lo-cated in the mountains approximately 40 miles east ofSalt Lake City, Utah, and was founded in 1859. On Jan- uary 16, 1867 Coalville was incorporated as a city. In every community settled in the early days, the first signs of industry were noted in and around the homes of the people. In a short time these industries were broadened and developed for the benefit of the community, and thus it was in Coalville. Stone was quarried to the north of Coalville, sawmills were located at several strategic places in the area, and the coal mines were opened, hence the name of the town. About 1862 a blacksmith and wheelwright shop was opened, and in 1906 Thomas E. Moore set up a general black- smithing business. The first newspaper in Coalville, The Chronicle, was estab- lished in June 1892. In 1899, after changing hands several times, the name was changed to The Summit County Bee. As the population of the community increased there was an apparent need for medical services. The first of these services was the opening of the Boyden Drug store in 1892. In 1899 a doctor arrived in Coalville and by 1912 a hospital had been opened in the second story of the Summit Furniture Building. Telephone service was connected to homes, businesses and coal mines by December 1900. Electrical power was installed in 1905 and gas lines (Mtn. Fuel) were run in 1929. By the early 1900s there were several business houses, two hotels and a restaurant, an opera house and a movie house, two saloons, and two of the leading department stores—Coal- ville Co-op and Summit Furniture & Mercantile Co.— competed in providing taxi service. With the growth of the community, banking became a neces- sity. In 1905, Coalville's first bank was established by a group of artillaftffini • szostano.itiesuriannsententutstannts • , -UNITED STATES OF AMERICA :4* 43) CD 44,1411:44111411.1.13413426111.1141alattailLO WAN' DA2:4.0 4 /;,rvIe eg ri 'ititig11k1 / -01100(F,A t.1) 1 : . NATH'ItIlimMattriNcl -A,ITERSTr-tT11")E.Vicitif-1 THE NAST 't c6 1003831 IJA1101111. BANK Of CO ‘1 II LE UT. FIVE I H MLA RS A003831 7696 Fis>is ii244 .1111011141111.1 Type II $5; signatures of ED. Dewey and Axcil Blonquist. Paper Money Whole No. 158 Page 65 men from Ogden, in conjunction with local Coalville citizens. Frank Pingree was the first cashier and his brother, James Pin- gree, was the bank's first president. The bank's business grew and in 1929 The First National Bank of Coalville moved into the building next to the Summit Furniture & Mercantile Co. The total issue of the bank was $429,070. In 1935, $1,190 in large-size notes was outstanding. The First National Bank of Coalville became insolvent on October 3, 1969 and all of the assets were taken over by Walker Bank & Trust Company. From its inception until the take-over, the bank had only seven presidents: James Pingree 1905-1919 Alfred Blonquist 1919-1929 Ephram Bates 1930- ? Axcil Blonquist ? -1949 Bert Moore 1949- ? Floyd Williams ? -1967 Bert Moore 1967-1969 This 1902 Plain Back bears the signatures of R.T. Carruth and Alfred Blonquist. Winter in Coalville ca. 1902. THE FIRST NATIONAL RANI Of OAF Il I 1- 01, 11 TEN).1 JARS A 01548 706 ,G.e:fe/40,05 t,C101648 THE FIRST NATIONAL RANK Of COALVILLE GO UTAH It00008"' TWENTY WILMS , Page 66 Paper Money Whole No. 158 Type 11 $10; signatures of RD. Dewey and Axcil Blonquist. Type 11 $20; signatures of F.D. Dewey and Axcil Blonquist. Alfred Blonquist was born in Sweden in 1861; he came to the U.S. ten years later. Mr. Blonquist was a founder and later President of the First National Bank of Coalville. Thirteen of his fifteen children were living when he died on 29 November 1929. Ray Thomas Carnal' was born in Coalville, Summit County Utah in 1886. He teas a cashier at the First National Bank of Coalville and the 13th mayor of that city. He died on 18 August 1949. Axcil Blonquist came to the U.S. in 1870, six years after his birth in Sweden. After working as a sheep rancher Mr. Blonquist helped to organize the First National Bank of Coalville, with capital of $25,000; about 1921 it was increased to $50,000. During the time he was President of the bank, Robert Young was Vice-President and Floyd D. Williams was Cashier. Mr. Blonquist died on 5 October 1949. Floyd Dewey Williams, sixth President of the First National Bank of Coalville was born in 1898. He began to work for the bank as a jan- itor in 1918. Mr. Williams died on 18 March 1967. Today Coalville has a blacksmith welder, several grocery or general merchandise stores, two motels, three or four restau- rants, one bank, and one saloon. It also has a drug store and a health center with two doctors. It remains the county seat, with the county courthouse still located on Main Street. It no longer has a working coal mine, but it is a thriving farm community. ■ Paper Money Whole No. 158 Page 67 CANDIDATES FOR SPMC BOARD CHARLES G. COLLIER is a current member of the SPMC Board of Governors. He has been an avid collector of national bank notes for many years, specializing in California notes. He sponsored several regional meetings of the SPMC in Los Angeles. Active in the ANA, Charles has served as assistant chief judge for the past ten years. He was a candi- date for the ANA board at the last election. As immediate Past Presi- dent of California State Numis- matic Association, he remains very active in that organization. Charles also does considerable writing and speaking on the subject of paper money and other aspects of the hobby. He was appointed to the U.S. Assay Commission in 1974 and also led in the crusade to preserve the Old San Francisco Mint. He received the first Numismatic Ambassador award from Krause Publications in 1974 and now heads that program. Charles is a graduate of Chaffey College, a research manager for U.S. Forest Service, Mayor of the City of Covina and a combat veteran of World War II. Colver and his wife Mary have been mar- ried for 40 years and have three children. DEAN OAKES, was born, raised and educated in Iowa. He graduated from the University of Iowa with a degree in business in 1961. A coin collector since 1949, he started collecting Iowa national bank notes in 1957. At the ANA Convention in 1970 he captured the first place Amon Carter Paper Money Award. The Standard Catalog of National Bank Notes was compiled with John Hickman, his partner in a national bank note business. An active paper money dealer since the early 1960s, a life member of the ANA, past-president of the Iowa Numismatic Association, Dean authored the SPMC Iowa Obsolete Notes & Scrip, and serves as the SPMC treasurer. WILLIAM F. MROSS practices law in Racine, Wisconsin. Bill is extremely active in our hobby. He has served on commit- tees for the ANA, Central States and local conventions. Bill is a certified, ANA exhibit judge and has received numerous awards for his ex- hibits of U.S. currency and Roman imperial coins at na- tional, regional and local shows. He also has ex- perience in holding various offices in four, WI collector organizations including the Milwaukee Numismatic Society. Bill's column, "Legal Tender appears regularly in The Centinel, the CSNA Journal. Bill feels that his collecting and writing experience, and his law background would be an asset as SPMC governor. WENDELL WOLKA is running for the Board of Governors and brings along quite an extensive record of exper- ience with the organization. First involved over a decade ago as librarian, he has gone on to serve in a number of capacities including: President, Governor, Wismer Book Project Chairman, Patrons Associ- ation Chairman, Election Com- mittee Chairman and Member, Awards Committee Chairman and Member. If elected Wendell is interested in assuring that the SPMC's financial Ail- lin footings are sound, that the SPMC membership continues its re- cent good growth, and that the SPMC fosters good relationships with all sectors of our hobby—dealers, collectors, and sister or- ganizations alike. Only four candidates have been nominated, consequently, the secretary will cast one vote to elect these members by acclamation, and one member will be appointed by the president. Memphis Exhibitors SPMC members interested in exhibiting at the IPMS in Memphis in June should contact Mart Delgar, 9677 Paw Paw Lake Dr., Mattawan, MI 49071. Applications must be received by 15 May 1992. NEW MEMBERSHIP COORDINATOR Ronald HorstmanNEW St. Lo Pu sO mit ) x6 36 10 31 91 MEMBERS 8147 Lawrence P. Shapico, 5048 N.W. 98th Lane, Coral Springs, FL 33076; C, Fractional & C.S.A. notes. 8148 Rob Evangelisti, 1132 Davis Rd., Barrington, NJ 08007; C. 8149 Robert J. Montpetit, Box 69, Brooklin, Ontario LOB LCO, Canada; C&D, World paper money. 8150 Bruce Heiner, Box 421, Hunt Valley, MD 21030; C&D, Stocks & bonds. 8151 Victor Rodriguez, 123 Park St., Holyoke, MA 01040; C. 8152 Joe S. Graves, 202 Susan, Hopkinsville, KY 42240; C, Frac. & KY & TN NBN. 8153 Matt Tudor, 4712 S. Harvey, Oklahoma City, OK 73109; U.S. lg. size & frac. 8154 Dan Defino, 107 East Main, Uniontown, PA 15401; C, NBN. 8155 Kevin Smith, 5 Evelyn Dr., Commack, NY 11725; C. 8156 Jimmy Lowe, 4695 Pine Ave., Saraland, AL 36571; C, Alabama NBN. 8157 Thomas A. Gittings, 1125 Columbian, Oak Park, IL 60302; C, U.S. currency. Page 68 Paper Money Whole No. 158 8158 Charles W. Lagojda, 434 W. 19th St., Apt. 7-B, New York, NY 10011; C. 8159 Col. Jed Mahar, 3074 Rangeline, Memphis, TN 38127; C&D, Pre-1865 Southern bank notes. 8160 George McCluney, Rt. 1, Box 195, Berger, MO 63014; C, Stock cert. 8161 John B. DeMaris, 3103 Tremont Ave., Davenport, IA 52803; C, U.S. currency. 8162 David T. Register, 3528 Cub Circle, Gainesville, GA 30506; C. 8163 Joe Mynyk, 526 Rea Mulberry, Scranton, PA 18510. 8164 Harrison Phillips, PO Box 240067, Memphis, TN 38124; D, U.S., NV Nat. & CSA currency. 8165 Robert Clapper, RR 1 Box 109, Derby, VT 05829; C, U.S. currency. 8166 Mark Holz, 69 West Main, Westminster, MD 21157; C&D, Nat. BN. 8167 Charles Lenkin, 3055 Foxhall, Washington, DC 20016; C. 8168 David Grant, 213 Woolwich Ln., St. Louis, MO 63125; C, St. Louis & Latvia. 8169 John Mee, 23 Elmira, Brighton, MA; C. 8170 Charles Perrault, PO Box 702, Winsted, CT 06098 0702; C. 8171 Pat Barnes, 3301 Melody Lane, Lansing, MI 48912 5021; C, U.S. currency. 8172 Harry Heiberg, 6700 Warner Ave. 36F, Huntington Beach, CA 92647. 8173 Edwin 0. Pinedo, 17194 Preston Rd. Ste. 123-299, Dallas, TX 75248; C, notes from U.S., Peru & Sweden. 8174 H.A. Hoke, 5345 B.N. Virginia Ave., Chicago, IL 60625; C, U.S. $2 notes. 8175 Jack Montgomery, Ill; U.S., C.S.A. & Canadian notes. 8176 Eugene G. Missal, 518 Oakmoor Rd., Bay Village, OH 44140; C. 8177 Paul Cuccia, 58-W-Springtown Rd., Long Valley, NJ 07853; C&D, Nat. BN. 8178 William M. Agal, PO Box 11534, Glendale, CA 91226. 8179 Stan Tillotson, 2350 Hood Ave., Overland, MO 63114; C. 8180 Richard August, 395 Angell St., Providence, RI 02906; Colonial & U.S. obsolete notes. 8181 Kevin M. Palm, P.O. Box 862, Westbrook, CT 06498; C&D, U.S. currency. 8182 Esther Anaszewski, 14328 S. Bensley Ave., Chicago, IL 60633-2202; C, U.S. small-size error notes. 8183 Jackson M. Zorn, P.O. Box 10635, Greenville, SC 29603; C. 8184 John S. Shepherd, 128 Monroe Ave., Memphis, TN 38103; C. 8185 Arri Jacob, 3270 Pine Ave., Long Beach, CA 90807; C, Long Beach, CA Nat BN. 8186 Thomas E. Wells, 1014 Prairie St., St. Charles, IL 60174; C, CSA & obsolete notes. 8187 Leighton Longhi, 1116 Fifth Ave., New York, NY 10128; C. 8188 Michael Scott Robinson, 301 Myrtle Ave., Belton, SC 29627; C, SC notes. 8189 Larry Sacker, 2330-2B Point West Drive, Ft. Wayne, IN 46808; C, U.S. currency. 8190 Thomas F.X. O'Mara, 98 Tatum Dr., Middletown, NJ 07748; C, U.S. fed., obsolete & CSA. 8191 Robert W. Liddell III, R.D. 1 Box 241A, Milan, PA 18831; C, PA Nat. BN. 8192 Joseph H. Bechard III, 766 Willard St. A7, Quincy, MA 02169; C, U.S. currency. LM111 Michael Wheat, conversion from 5278. LM112 Jeffrey L. Goodall, Conversion from 7414. LM113 American Numismatic Assn., 818 N. Cascade, Colorado Springs, CO 80903. 1199 John O'Hare, P.O. Box 1024, West Side Station, Buffalo, NY 14213; Reinstatement. 7386 Yutaka Kondo, 21-28 Honmachi 4-chome lchinomiya City, Alichi-Pref, 491 Japan; C, Reinstatement; notes from US, Poland & Canada. p4 mon?0. mar Paper Money will accept classified advertising from members only on a basis of 154 per word, with a minimum charge of $3.75. The primary purpose of the ads is to assist members in exchanging, buying, selling, or locating specialized mate- rial 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 8147, St. Louis, MO 63156 by the first of the month preceding the month of issue (i.e. Dec. 1 for Jan./Feb. issue). Word count: Name and address will count as five words. All other words and abbreviations, figure combinations and initials count as separate. No check copies. 10 0/0 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: $2: SC: U.S.: FRN counted as one word each) OHIO NATIONALS WANTED. Send list of any you have. Also want Lowell, Tyler, Ryan, Jordan, O'Neill. Lowell Yoder, 419-865-5115, P.O.B. 444, Holland, OH 43528. (163) QUALITY STOCKS, BONDS. 15 different samples with list $5; 100 different $31; 5 lots $130. List SASE. Always buying. Clinton Hollins, Box 112P, Springfield, VA 22150. (159) PRIVATE COLLECTOR wants MAINE NATIONALS. Attempting most definitive collection of state ever assembled: want rare banks, high denominations, red seals, 1st charters, value backs, etc. Andrew Nelson, P.O. Box 453, Portland, ME 04112. (158) WANTED: NEW JERSEY OBSOLETE BANK NOTES AND OCEAN GROVE NATIONAL BANK. Any Ocean Grove, Jersey shore, memora- bilia, postcards, souvenirs, maps, histories, etc. N.B. Buckman, P.O. Box 608, Ocean Grove, NJ 07756 (800-524-0632). (159) FIRST CHARTER NATIONALS WANTED, all denominations from $1 thru $100, also want Michigan nationals thru $100 denomination and large and small-size U.S. type notes, serial number "L" 11111111 thru 99999999 and 100000000. Buying and paying collector prices. Jack H. Fisher, 3123, Bronson Blvd., Suite A, Kalamazoo, MI 49008. (163) DISTRICT OF COLUMBIA INFORMATION WANTED: Looking for Washington DC notes, want to record charter, denom., type and serial numbers. If note is for sale please let me know, by including price and condition. Special interest in Ch. Nos. 26, 526, 627, 682, 875, 1893, 2358, 2382, 4195, 4244, 4247, 4522, 7936, 10825. Bob Bolduc, 9350F Snowden River Parkway, Suite 238, Columbia, MD 21045. (163) NEW YORK NATIONALS WANTED FOR PERSONAL COLLECTION: TARRYTOWN 364, MOUNT VERNON 8516, MAMARONECK 54U, Rye, Mount Kisco, Hastings, Croton on Hudson, Pelham, Somers, Har- rison, Ossining, Yonkers, White Plains, Irvington, Peekskill, Bronxville, Ardsley, Crestwood, New Rochelle, Elmsford, Scarsdale, Larchmont, Port Chester, Tuckahoe. Send photocopy; price. Frank Levitan, 4 Crest Avenue, Larchmont, NY 10538, (914) 834-6249. (163) TEXAS NATIONALS WANTED from Albany, Alto, Lufkin, Nacog- doches and Robert Lee. Also want memorabilia from these cities. Bobby Sowell, 316 Humason, Lufkin, TX 75901. (161) OLD STOCK CERTIFICATES! Catalog plus 3 beautiful certificates $4.95. Also buy! Ken Prag, Box 531PM, Burlingame, Calif. 94011. Phone (415) 566-6400. (182) I $1 National Bank Note. First National Bank of Pueblo, Colorado Territo- ry. F-382. New. Realized $5,170 in one of our recent sales. MAIL TO: Auctions by Bowers and Merena, Inc. Attn: Publications Dept. Box 1224 Wolfeboro, NH 03894 -3:1330gaVErailfgRIENV940.111.PQ'saltvec Nitiottati, ttant. , ,z,rimrsie g_PRZoN-Ax,...4,_sAFenewit.)14 r Dear Rick Bagg: PM 3/4-92 Please tell me how I can include my paper money in an upcoming auction. I understand that all information will be kept confidential. NAME ADDRESS CITY STATE ZIP q I am thinking about selling. Please contact me. Daytime telephone: Brief description of holdings: L Paper Money Whole No. 158 Page 69 GO WITH THE WORLD'S MOST SUCCESSFUL AUC- TION COMPANY—Auctions by Bowers and Merena, Inc. When you consign your collec- tion or individual important items, you go with a firm with an unequaled record of success! OVER THE YEARS WE HAVE HANDLED SOME OF THE MOST IMPORTANT PAPER MONEY COLLEC- TIONS EVER SOLD. Along the way our auc- tions have garnered numerous price records for our consignors. Indeed, many of our sales establish new price records on an ongoing basis. THINKING OF SELLING YOUR COLLECTION OR DESIRABLE INDIVIDUAL NOTES? Right now we are accepting consignments for our next several New York City and Los Angeles sales. Your call to Dr. Richard Bagg, our Director EALIZE THE BEST PRICES FOR YOUR PAPER MONEY. of Auctions, at 1-800-458-4646 will bring you complete infor- mation concerning how you can realize the very best price for your currency, in a transaction which you, like thousands of others, will find to be profitable and enjoyable. WHAT WE HAVE DONE FOR OTHERS, WE CAN DO FOR YOU. Telephone Dr. Richard Bagg today, or use the coupon provided. Either way, it may be the most profitable move you have ever made! Extensive Catalog for $2.00, Refundable With Order CSA and Obsolete Notes CSA Bonds, Stocks & Financial Items P.O. Box 712 / Leesville, SC 29070 / (803) 532-6747 ANA-LM SCNA PCDA SPMC-LM BRNA FUN HUGH SHULL °F-40,„, EARLY , AMERICAN NUMISMATICS *619-273-3566 COLONIAL & CONTINENTAL CURRENCY We maintain the LARGEST ACTIVE INVENTORY IN THE WORLD! SEND US YOUR WANT LISTS. FREE PRICE LISTS AVAILABLE. 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 Linea q Pre-1800 Fiscal Paper q Auction q Encased Postage Stamps Attendance q P.O. Box 2442 q LaJolla, CA 92038 q 619-273-3566 Members: Life ANA, CSNA-EAC, SPMC, FUN, ANACS BUYING AND SELLING BOOKS ON PAPER MONEY Arkansas Obsolete Notes & Script, Rothert $22 Territorials—US Territorial National Bank Notes, Huntoon $20 Florida, Cassidy (Ind nails & obsolete) $29 Vermont Obsolete Notes & Scrip, Coulter $20 Indiana Obsolete Notes & Scrip, Wolka $22 National Bank Notes, Hickman & Oakes 2nd ed $95 Indian Territory/Oklahoma/Kansas Obsolete Notes & Scrip, Burgett and Whitfield $20 US Obsolete Bank Notes 1782-1866, Haxby 4 vol Early Paper Money of America, 3rd ed., Newman $ $14995 Iowa Obsolete Notes & Scrip, Oakes $20 Depression Scrip of the US 1930s $27 Minnesota Obsolete Notes & Scrip, Rockholt $20 World Paper Money 6th ed., general issues $49 Pennsylvania Obsolete Notes & Scrip, Hoober $35 World Paper Money 6th ed., specialized issues $55 North Carolina Obsolete Notes, Pennell rpm. $10 Confederate & Southern States Bonds, Criswell $25 Rhode Island & The Providence Plantations Obsolete Confederate States Paper Money, Slabaugh $9 Notes & Scrip, Durand $25 Civil War Sutler Tokens & Cardboard Scrip, Schenkman $27 10% off on five or more books • Non-SPMC members add: $3 for one book, $5 for two books, $7 for three or more books CLASSIC COINS - P.O. Box 95—Allen, MI 49227 Page 70 Paper Money Whole No. 158 „n. :It yr 011 (1 0 111.0141 4) 1)011■11, What Language? What Tribe? What does it mean? You Can Find The Answer In: About Indians Many banks had Indian titles. Why did the bank choose these names? What do they mean? What language are they? What tribe used these words? Almost 600 obsolete bank notes and scrip notes are recorded in this book with complete explana- tions; and numerous illustrations. THIS BOOK IS LIMITED TO JUST 300 NUMBERED COPIES $22.95 pp Order from ) ,our favorite dealer or P.O. Box 186 ROGER H. DURAND Rehoboth, MA 02769 WE NEED TO BUY If you are selling a single note or an entire col- lection, you will be pleased with our fair offer — NO GAMES PLAYED HERE! (Selling too! Write for free catalog.) Subject to our inventory requirements we need the following: ALL WORLD BANK NOTES Also U.S. Large Size Notes U.S. Encased Postage All Military Currency Souvenir Cards U.S. Fractional Currency National Bank Notes Colonial Currency U.S. Small Size Currency Ship With Confidence or Write We pay more for scarce or rare notes. TOM KNEBL, INC. (702) 265-6614 FAX (702) 265-7266 Box 3689 Carson City, NV 89702 SEND FOR OUR COMPLETE PRICE LIST FREE Million Dollar Buying Spree Currency: Nationals MPC Lg. & Sm. Type Obsolete Stocks • Bonds • Checks • Coins Stamps • Gold • Silver Platinum • Antique Watches Political Items • Postcards Baseball Cards • Masonic Items Hummels • Doultons Nearly Everything Collectible Fractional Foreign 014 SHOP COIN EST 1960 INC "eir;•149i,msot.4- 399 S. State Street - Westerville, OH 43081 1-614-882-3937 1-800-848-3966 outside Ohio (!riQ ".Ir^ Life Member AIN BUYING and SELLING PAPER MONEY U.S., All types Thousands of Nationals, Large and Small, Silver Certificates, U.S. Notes, Gold Cer- tificates, Treasury Notes, Federal Reserve Notes, Fractional, Continental, Colonial, Obsoletes, Depression Scrip, Checks, Stocks, etc. Foreign Notes from over 250 Countries Paper Money Books and Supplies Send us your Want List ... or ... Ship your material for a fair offer LOWELL C. HORWEDEL P.O. BOX 2395 WEST LAFAYETTE, IN 47906 SPMC #2907 ANA LM #1503 Paper Money Whole No. 158 Page 71 MYLAR D CURRENCY HOLDERS This month I am pleased to report that all sizes are in stock in large quantities so orders received today go out today. The past four years of selling these holders has been great and many collections I buy now are finely preserved in these. For those who have not converted, an article published this past fall in Currency Dealer Newsletter tells it better than I can. Should you want a copy send a stamped self-addressed #10 business envelope for a free copy. Prices did go up due to a major rise in the cost of the raw material from the suppliers and the fact that the plant work- ers want things like pay raises etc. but don't let a few cents cost you hundreds of dollars. You do know-penny wise and pound foolish. SIZE INCHES 50 100 500 1000 Fractional 41/4 x 21/4 $14.00 $25.25 $115.00 $197.50 Colonial 5 1/2 x 3Y,6 15.00 27.50 125.00 230.00 Small Currency 6%x 2%3 15.25 29.00 128.50 240.00 Large Currency 7%x 3 1/2 18.00 33.00 151.50 279.50 Check Size 9%x 4 1/4 22.50 41.50 189.50 349.00 Baseball Card Std 21/4 x 31/4 13.00 23.50 107.50 198.00 Baseball Bowman 2%x 4 14.00 25.50 117.00 215.00 Obsolete currency sheet holders 81/4 x 14, $1.10 each, mini- mum 5 Pcs. SHIPPING IN THE U.S. IS INCLUDED FREE OF CHARGE Please note: all notice to MYLAR R mean uncoated archival quality MYLAR R type D by Dupont Co. or equivalent mater- ial by ICI Corp. Melinex type 516. DENLY'S OF BOSTON P.O. Box 1010 I Boston, MA 02205 Phone: (617) 482-8477 PO Box 30369 Cleveland, Ohio 44130 216.884-0701 1611773717¢Z02.10.1.121t MitfilltiVAVSANICOMMIK b 74 3 i 674?.?: (1; 115021371. Aiwa:u to ,./■•■”:171007. CANADIAN BOUGHT AND SOLD • CHARTERED BANKNOTES. • DOMINION OF CANADA. • BANK OF CANADA. • CHEQUES, SCRIP, BONDS & BOOKS. FREE PRICE LIST CHARLES D. MOORE P.O. BOX 1296P LEWISTON, NY 14092-1296 (416) 468-2312 LIFE MEMBER A.N.A. #1995 C.N.A. #143 C.P.M.S. #11 55y couwri- -°641 - )4/ • 10, • • / ., .•=11212:1:2211111151111 I COLLECT MINNESOTA OBSOLETE CURRENCY and SCRIP Please offer what you have for sale. Charles C. Parrish P.O. Box 481 Rosemount, Minnesota 55068 (612) 423-1039 SPMC 7456 - PCDA - LM ANA Since 1976 Page 72 Paper Money Whole No. 158 HARRY IS BUYING NATIONALS - LARGE AND SMALL UNCUT SHEETS TYPE NOTES UNUSUAL SERIAL NUMBERS OBSOLETES ERRORS HARRY E. JONES E=M Do You Collect Paper Money or Stocks & Bonds? HAMO // 111*'4"4".. Tills (11,11TIFIES 111AT .- 111E1 11,1V1: 1.1,0SIT1.111. 29L45711:-- , —armr-AavmalesrAtes. SP,P1,1,11,-.214{.1TPTAVIVEg■ ************************************** R.M. Smythe & Co. Auctions reach the most important collectors & dealers in U.S. & International Currency, Coins, Stocks & Bonds, Autographs, Ex- onumia & related material. Call today or send for our free color brochure describing the wide range of specialized and personal services we offer. BUYING ALL U.S. PAPER MONEY & STOCKS AND BONDS CALL OR WRITE For Our Latest Price List Of Stocks & Bonds! ****************************************** BUYING ■ Obsolete, Confederate, Colonial and Federal Currency ■ Antique Stock & Bond Certificates ■ Rare Autographs We will purchase your material outright you desire. Call or write today. 26 Broadway Suite 271 New York, NY 10004-1701 EfrrA,11141911E I, 11-A§WNWO TOLL FREE 800-622-1880 NY 212-943-1880 FAX: 212-908-4047 E±) 4.1porbiv MEMBER 44,1 v:11*IEr■ il 1,01. Pcda C OLLECTORS of United States Type notes will find numerous opportunities toadd to their collections in our June sealed bid auction. Two collections, assem- bled over a period of many years have been consigned. The first, is made up of 64 cir- culated notes mostly in the higher grades, many of which are only rarely available. In addition to the notes you would expect to find in such a collection, there is a Fr 95a in extremely fine condition, the elusive Fr 125 in fine+, the $50 Fr 164 in VG+, and the very popular spread eagle $100 Fr 165a in VG. A Refunding Certificate, Fr 214 in fine, and a Compound Interest Treasury Note, Fr 190a in about fine. Also a $50. 1891 Silver Certificate Fr 333 in VF. A 1905 technicolor in a beautiful very fine grade, plus a $50, $100, and $500. 1882 Department series, all in fine or better, and a really nice XF 1922 Fr 1200 $50. are among the Gold Certificates. A $1000. 12-L Fr 1133 1918 Federal Reserve note in a nice unimpaired fine grade and most of the type nationals including a nice $50. and $100 Brown Back round out the group. The second collection is made up of notes of superb quality, several of which, including the Fr 16, 26, 40, 87, 95a, 96, 229, 242, 257, 352, 710 and 1046 are as near perfection as you are ever likely to see. Both collectors have consigned their books and catalogs to the sale so that future collectors can learn more about their hobby. Numerous interesting Nationals will be available, including a group of large size notes from a hoard that recently surfaced in New England. All but one of the sixteen Wyoming banks that issued 1929 series notes will be represented in the sale. Col- lectors of Nationals are sure to find notes that will be of interest to them. The auction will take place in late June, with viewing of the lots in Memphis. This will be a sealed bid auction with the high bids reduced to one advance beyond the second highest bid. The fairness of this method is be- yond question and it has been proved in over thirty successful sales. We will be accepting material for "S-16 " No '"\--this auction until mid March so if you have material .k,) -e' •c)you wish to include please advise us of your interest. ...• w .. ...: vz ry) 61; L Collectors who have bid in any of our last four auc- tions will continue to receive our catalogs. Others should advise us of their interest. The economics of maintaining a large mailing list in the 1990s dictate the removal of inactive names. We make no charge for our catalogs and wish to continue to send them to all interested parties. If you wish to receive your copy via first class mail and the prices realized after the sale, please remit $5.00. t= Cx- 11101 ,IS INC. Drawer 66009 West Des Moines Iowa 50265 515-225-7070 NM. ..■11■11