Paper Money - Vol. XXXV, No. 6 - Whole No. 186 - November - December 1996

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0A-r, ................ r ........ AW;g-Igt•Nly " VOL. XXXV No. 6 WHOLE No. 186 NOV / DEC 1996 FA4-74-rifet Stephen Goldsmith Bruce Hagen members MEMBER SOCIETY OF PAPER MONEY COLLECTORS INC, Thinking of Selling? Have You Thought About This? You've enjoyed collecting currency for many years, and now you are seri- ously thinking about selling. Should you value the entire collection and offer it, at a wholesale price to a dealer? Will you publish a full-page advertisement in a paper money newspaper or mail out your own price list or catalogue? We suggest that you do what most experienced collectors have done with their better material - sell at auction. And once you have decided to sell your collection at auction you will need to select an auction company. There are many things that should be taken into consideration, but one question you should always ask is — Where and when will my material be sold?". At R. M. Smythe and Company, we think the answer to the "where" part of that question is relatively simple. Important collections of paper money should be auctioned at paper money shows. If your collection was in our June Memphis International Paper Money Auction it could have been viewed by over 150 of the world's most significant paper money dealers, and by the hundreds of serious collectors who came to the show every day to buy. The auction results speak for themselves. Federal Currency in the June, Memphis Auction was very strong. Lot 1023, the $20 1863 Legal Tender (Fr.126b), Choice Almost Uncirculated realized $3,500. Lot 1051, a cut sheet of four $5 1899 Silver Certificates sold for $3,050. Lot 1140, the Portland, Maine $10 Red Seal brought $4,500 and Lot 1154, the $2 Moniteau NB of California, Missouri "Lazy Two" sold for $4,000. Confederate Currency was in great demand as can be seen by the $10,000 hammer price realized for Lot 1392, an extremely rare contemporary counter- feit of the $5 1861 "Indian Princess" note, and the $100 1861 T-3, Lot 1383, brought $7,000. A superb collection of obsolete bank note proofs from Louisiana, Lots 1,527-1,531, brought record prices of from $3,400 to 4,200 each. The possibly unique Garden City, Minnesota, proof sheet, Lot 1543, sold for $9,500. The most extraordinary results were achieved by an outstanding group of Alaska Clearing House Certificates, meticulously researched and fully-illus- trated in the catalogue. Lots 1440-1446, including the $1, $2, $5, $10, $20, $50 and $100, realized $5,000, $4,500, $5,000, $5,000, $5,500, $6,000 and $8,000 respectively. We strongly believe that the best way to sell a paper money collection is at auction. There are no substitutes for experience, thorough research, proper pre- sentation, and a location that makes sense, and that is why, at R. M. Smythe and Company, we are committed to conducting our paper money auctions at paper money shows. Consignments are now being accepted for our 1996-1997 Auction Schedule. October 25, 1996. Currency, Stocks and Bonds. The St. Louis National and World Paper Money Show. St. Louis, Missouri. February 22, 1997. Currency, Stocks and Bonds. The Chicago International Paper Money Exposition. Chicago, Illinois June 1997. Currency, Stocks and Bonds. Memphis International Auction. To find out how easy it is to consign your collection to any of the auctions list- ed above, or to subscribe, call Stephen Goldsmith, Douglas Ball or Bruce Hagen at 800-622-1880 or 212-943-1880. MEM c.di VISA' 1111111111111 We Welcome Call Toll Free ALS MYTH E 1-800-622-1880 Where Historic Paper Collections of the World Are Researched, Auctioned, Bought and Sold NY 212-943-1880 • Fax 212-908-4047 26 Broadway, New York, NY 10004-1701 SOCIETY OF PAPER MONEY COLLECTORS INC. 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. Society of Paper Money Collectors, Inc., 1996. All rights reserved. Reproduction of any article, in whole or in part, without express written permission, is prohibited Individual copies of this issue of PAPER MONEY are available from the Secretary for $2.75 each plus $1 postage. Five or more copies are sent postage free. ADVERTISING RATES SPACE I TIME 3 TIMES 6 TIMES Outside Rack 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 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 1st of the month preceding issue (e.g., Feb. 1 for March/April issue). With advance notice, camera-ready copy will be ac- cepted up to three weeks later. Mechanical Requirements: Full page 42-57 pi- cas; half-page may be either vertical or horizon- tal 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 advertisement in which typographical error should occur upon prompt notification of such error. Al I advertising copy and correspondence should be sent to the Editor. Paper Money Whole No. 186 Page 209 Official Bimonthly Publication of The Society of Paper Money Collectors, Inc. Vol. XXXV No. 6 Whole No. 186 NOV/DEC 1996 ISSN 0031-1162 GENE HESSLER, Editor, P.O. Box 31144, Cincinnati, OH 45231 Manuscripts (titss), not under consideration elsewhere, and publications for review should be sent to the Editor. Accepted was will be published as soon as possible; however, publication in a specific issue cannot be guaranteed. Opinions expressed by authors do not necessarily reflect those of the SPMC. Mss are to be typed on one side only, double-spaced with at least one-inch margins. A copy should be retained by the author. The author's name, address and telephone number should appear on the first page. In addition, although it is not required, you are encouraged to submit a copy on a 31/2 or 5 1/4 inch MS DOS disk, identified with the name and version of software used: Microsoft Word, Word Perfect or text (ASCII), etc. If disk is submitted, double- spaced printout must accompany disk. IN THIS ISSUE NASHVILLE TENNESSEE NATIONAL BANK NOTES AND THEIR ISSUING BANKS Charles A. Dean 213 BANK HAPPENINGS Dave Grant 224 AN OTTOMAN-TURKISH HIGH VALUE BANK-TRANSFER NOTE Kenneth M. MacKenzie 225 THE PAPER COLUMN 227 AN INTERESTING CHECK Bob Cochran 228 A LA SALLE BANK NOTE COMPANY CIRCULAR Gene Hessler 228 ABOUT TEXAS MOSTLY 231 A FACSIMILE $50 CONFEDERATE NOTE Forrest W. Daniel 233 McKINNEY, WILLIAMS & COMPANY lohn Rowe 235 THE SCRIPOPI-IILY CORNER 239 OF BLACKSMITHS & UNDERTAKERS Bob Schmidt 240 THE BUCK STARTS HERE Gene Hessler 241 $10 FEDERAL RESERVE NOTE FARMING SCENE IDENTIFIED Mark Hotz 242 ROSES AT THE BEP Gene Hessler 243 THE GRANGE NATIONAL BANKS OF PENNSYLVANIA Bob Cochran 244 SOCIETY FEATURES CALL FOR NOMINATIONS 247 MINUTES FROM MEMPHIS 248 AWARDS 248 NEW MEMBERS 248 MONEY MART 249 ON THE COVER. One hundred years ago Fannie Farmer's Boston Cooking School Cook Book made its debut. This portrait of Fannie Farmer was engraved by John Hay. For change of address, inquiries concerning non-delivery of PAPER MONEY and for additional copies of this issue contact the Secretary; the address is on the next page. For earlier issues contact Classic Coins, P.O. Box 95, Allen, MI 49227. Page 210 Paper Money Whole No. 186 SOCIETY OF PAPER MONEY COLLECTORS BOARD OF GOVERNORS OFFICERS RAPHAEL ELLENBOGEN, 1840 Harwitch Rd., tipper Arlington, OH 43221 C. JOHN FERRERI, P.O. Box 33, Storrs, CI' 06268 GENE HESSLER, P.O. Box 8147, St. Louis, MO 63156 RON HORSTMAN, 5010 Timber Lane, Gerald, MO 63037 MILTON R. FRIEDBERG, 8803 Brecksville Rd. #7-203, Brecksville, Oli 44141-1933 PRESIDENT DEAN OAKES, Drawer 1456, Iowa City, IA 52240 VICE-PRESIDENT FRANK CLARK, P.O. Box 117060, Carrollton, TX 75011 SECRETARY ROBERECOCI IRAN, P.O. Box 1085, Florissant, MO63031 TREASURER TIM KYZIVAT, P.O. Box 803, LaGrange, IL 60525 APPOINTEES EDITOR GENE HESSLER, P.O. Box 31144, Cincinnati, 01- I 45231 MEMBERSHIP DIRECTOR FRANK CLARK, P.O. Box 117060, Carrollton, TX 75011 WISMER BOOK PROJECT STEVEN K. WHITFIELD, 14092 W. 115th St., Olathe, KS 66062 LEGAL COUNSEL ROBERT 1. GALIETIT, 10 Wilcox Lane, Avon, CT 06001 LIBRARIAN ROGER H. DURAND, P.O. Box 186, Rehoboth, MA02769 PAST-PRESIDENT JUDITI1 MURPHY, P.O. Box 24056, Winston Salem, NC 27114 STEPHEN TAYLOR, 70 West View Avenue, Dover, DE 19901 WENDELL W. WOLKA, P.O. Box 569, Dublin, OH 43017 STEVEN K. WHITFIELD, 14092 W. 115th St., Olathe, KS 66062 The Society of Paper Money Collectors was organized in 1961 and incorporated in 1964 as a non-profit or- ganization under the laws of the District of Columbia. It is affiliated with the American Numismatic Associa- tion. 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. 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 guardian. They will be preceded by the letter "j". This letter will be removed upon notifica- tion to the secretary 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 societies are eligible for membership. Other applicants should be sponsored by an SMPC member or provide suitable references. DUES—Annual dues are $24. Members in Canada and Mexico 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 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. BUYING and SELLING CSA and Obsolete Notes CSA Bonds, Stocks & Financial Items 60-Page Catalog for $5.00 Refundable With Order HUGH SHULL ANA-LM SCNA PCDA CHARTER MBR . P.O. Box 761, Camden, SC 29020 (803) 432-8500 FAX 803-432-9958 SPMC-LM 6 BRNA FUN Paper Money VVliole No. 186 Page 211 Order Form New from the Society of Paper Money Collectors United States Large Size National Bank Notes by PETER HUNTOON &? 283 pages co-authors of specialty sections include: ri 29 years of original research Doug Walcutt 120 photographs William Raymond dozens of tables ci John Hickman Just about every question you have about national bank notes is answered in this book. Peter Huntoon has been writing about national bank notes since 1966. Everything in this book is new or totally revised and updated. Check the edition you desire: q numbered, special dark binding & autographed $55 q regular edition $50 postage and mailer $4 TOTAL Send your check made out to the SPMC to: Dean Oakes P.O. Box 1456 Iowa City, IA 52244 Rare Kirtland, Ohio $100 Important Historical Mormon Issue ,1`THE .4717771,..{.47, ,UPWTYSOC/J571' VA" 533 Kirtland, Ohio, The Kirtland Safety So- ciety Bank, OH-245. $100. Haxby. G-18. EF. Dated July 4, 1837. Serial: 113. Made payable to Joseph Smith. Signcd by War- ren Parrish as cashier and Frederick G. Williams as President. The central vi- gnette features the signing of the Decla- ration of Independence. The writer Alvin E. Rust described the issues of this hank as "the first Mormon currency endeav- our." Very rare denomination. 143.-hmasit ltildled Suite` ("atrafftliaii5 IrCIMIN•liet 1:01.1,41", .1116114* - `1V;”• -• .1:1.11:■ut AVg.ft, ,fr.41:4?'4* 1■1■11teZ.111%livomtn. 111....Int.ast II, IMO•11.0,1111.1, C1ta5 Ij.st iJ Page 212 Paper Alone) , Whole No. 186 BOWERS AND MERENA for the Best Prices on your Paper Money! Actual currency lot from a recent Bowers and Merena auction sale. Paper money has always been a specialty at Bowers and Merena. We offer: • Unsuipassed descriptions • Profuse illustrations • Extensive publicity • Wide-ranging expertise We would be delighted to offer single important notes and entire collections. Please call Dr. Richard A. Baggy our Director of Auctions, at the toll-free number below. There is no obligation just the opportunity to sell your paper money for the very best market price. Auctions by Bowers and Merena Inc. BOX 1224 • WOLFEBORO, NH 03894 • TOLL-FREE 1-800-458-4646 • IN NH 569-5095 • FAX 603-569-5319 /1/ ,V,4/////jir / 4y./ 4/ Confederate $20 Series of 1864. The state capi- tol at Nashville. noVIPt- ist-4 Asallirat ' fAsffr s sEcritEr 'Attu -1 1_ 410100110141 5 87 56 zne 4 -;,,,,,1191114W tylgromykizit ztaak-uw- , ,,„ • %411 =t n 1 1401111;1100.. Prvs! ..14:YWOTI '24) IVIMX AThe only known 520Brown Back on First Na- tional Bank. Paper Money Whole No. 186 Page 213 ashville Tennessee ational Bank NoteC and Their Issuing Rank ).J by CI IARLES A. DEAN N ATIONAL banking in Nashville began in unusual times. In 1860 Nashville, with a population of 16,998, was a hub of trade and transportation. Nashville was a rail center with railroads leading to Louisville, Decatur, Ala- bama and Chattanooga. After Tennessee seceded from the Union in lune of 1861, Nashville became an important city to the Confederacy. The city's industries became military plants, producing (among other things) powder, ammunition, sabers, Guns, cannons, as well as saddles for the fine horses that came from the farms of surrounding Middle Tenneessee. When Nash- ville was surrendered to the Federals under the command of Major General Don Carlos Buell on February 24, 1862 the city took on greater importance. Almost all supplies for the federal war effort in the western theater were funneled through Nashville. Steamboats came up the Cumberland River, unload- i lig at the foot of Broadway, and the trains rolled south on the Louisville & Nashville Railroad. In the summer of 1862 this activity was interrupted when Confederate cavalry, under Nathan Bedford Forrest, cut the railroad to the south; cavalry, under John Hunt Morgan, cut the railroad to the north; and the Cumberland River dropped so low that steamboats could not come up-river. The blockade was lifted in late October, when 50,000 Federal troops, under Major General William S. Rosecrans, moved to Nashville and established headquarters. Soon afterward, Nashville became the most heavily fortified city in the United States, with the exception of Washington, DC. Trenches, breastworks, and forts were erected on the hills south of the city, and the state capitol, pictured on the $20 Confederate notes of 1862-64, was fortified with a cedar log stockade. No. . NASHVILLE, TENN., 187/ SECOND NATIONAL BANK, OF NASHVILLE, or Bearer, --- DOLLARS. - 1-9 Page 214 Paper Money Whole No. 186 This was the setting in December of 1863, when the first national bank organized in Tennessee; the First National Bank of Nashville, with a capital of $250,000 was granted charter 150. One of the most important functions of this bank in the early years was to act as a depository and paymaster for the federal soldiers in Nashville. The First National Bank assumed the Mechanics National Bank through consolidation on Janu- ary 13, 1880 and the Merchants National Bank through con- solidation on May 15, 1906. By 1908 the bank had a surplus of $300,000. The First National Bank issued Original Series $5, $10, $20, and $50s; Series of 1875 $20 and $50s; Brown Back $5, $10, $20, $50 and $100s; Third Charter Red Seals and Third Char- ter Blue Seal Date Back $5, $50, and $100s. The only notes known from the First National Bank are two Series of 1875 $50s in F-VF, two $10 Brown Backs, one in G-VG and the other in F-VF, a $20 Brown Back in XF, a $5 Third Charter Red Seal in VG, and a $50 Third Charter Red Seal that is a dog. Also First National Bank circa 1906. known is a $5 Original Series uniface proof with six cancella- tion holes. In the summer of 1912 Frank 0. Watts, the president of the First National Bank, resigned. The directors of this bank and the Fourth National Bank asked James E. Caldwell, a director l'ay to Scarce check on Second National Bank. and the largest stockholder of the Fourth National Bank and a large stockholder in the First National Bank, to merge the two banks and to become the president of the new bank. The First National Bank of Nashville, with a capital of $500,000, was therefore placed in voluntary liquidation on July 8, 1912, and consolidated with the Fourth National Bank. One of the most important battles of the Civil War was fought along the hills to the south of Nashville on December 15 and 16, 1864. Little more than six weeks later, on January 31, 1865, the Second National Bank of Nashville, with a capi- tal of $100,000, was granted charter 771. This bank issued Original Series $5, $10, and $20s. No notes are known to have survived from the Second National Bank. This bank, with a capital of $125,000, was placed in voluntary liquidation on January 8, 1874 because of large losses sustained by discount- ing cotton bills. In the summer of 1865, when the city was beginning to mend the scars of the war, charter 1296 was granted to the Third National Bank of Nashville on lune 16. The original capital of $100,000 was subscribed to by eleven men, most of whom had held stock in state-chartered banks in Nashville before the Civil War. From the very beginning, the bank was a great success and paid large dividends to the stockholders. The Third National Bank issued First Charter Original Se- ries and Series of 1875 $5, $10, and $20s. Only five notes are known to have survived from this bank; three 1875 Series $5s, all of which are AU, an 1875 Series $10 in VF and an Original Series $20 in F. The Third National Bank, with a capital of $300,000, was placed in voluntary liquidation on February 20, 1884 in order that it might be consolidated with the American National Bank. The Fourth National Bank of Nashville was organized on February 16, 1867 with a capital of $200,000 and was granted charter 1669. The bank opened for business on May 1. On January 1, 1871 the capital was increased to $500,000. The bank paid good dividends to the stockholders and soon had a surplus of $100,000. In 1887 the bank was made a U.S. de- pository. On April 1, 1887 the capital was increased to $1,000,000 and the surplus and undivided profits were $250,000. The Fourth National Bank issued First Charter Origi- nal Series and Series of 1875 $5, $10, $20 and $50s; $5, $10, and $20 Brown Backs; and $5 and $10 Third Charter Red Seals and Blue Seal Date Backs. A number of notes have survived from the Fourth National Bank; a First Charter Original Series $20 in VG; a First Charter 1875 Series $20 in VG-F; a First Charter 1875 Series $50 in F; a $5 Brown Back in G+; half a dozen or so $10 Brown Backs grading from VG to VP; half a dozen or so $20 Brown Backs grading from G-VG to VF; two $5 Third Charter Red Seals, one in VG and the other in F; three • cr-toic:14 cuttiteN4.-0*-- fa; • 37. \-?T.I:rviviittil With flu' at...i.(1.7tritOitifiiiIIII.A9bliuttIii A 1 6 • - 14 g NATIONAL IB*ffiji,g _- EAteS41"W "ALE-- PO4003,11004" 4;4,1740 20 Paper Money Whole No. 186 Page 215 NAS t alb tiffillitiaiNgY 'Q4 rio:uD444-- X.44EC2 ilL4U6131 L-Tieviije s 44110,-'s • -4.41.» IpiAitheatogivonwr a 1' -11)11.0iiKtPA? ti 1296, 4Y-1.414L,e't 4/, rrofWv - Naitpatt,ittiliffg,0 fril VAYTAtaljni attlthtlt, 0., Delit(i377— The only known $ 10 First Charter on Third National Bank. First Charter $20 on Fourth National Bank. cic - ,,,-.2166,m443E Z;:T...=;:7,%,:=::, 1 iiitotolotomffit 30218 _.:,:,„,„ Ail vi ' '4.4.1c) 54 ottotontwo 1 l t.1 , 7,,, F : 0 IN:101024.*Alli - i --'-‘5111't0 --- _ _ __ -:,.1 - -:dL,•.---*N.t: 5 i ,111 to , vi ' .711MiiiiMiniiiI v.* - : 44 404-47. '1,!1 '414.4,44g44f. , f '14,4 /N: ' .., , :..au, , , t= • k 4. .-.-..., c.- --.0:17*,, ,,,,-.4. . 4/.,,4,-,//; ,.441.,:ut...1a.o." /ity .;!/9/2 30218 ti -',"11K11.41F1, ---240gT, i ISIML.., $5 Third Charter Blue Seal on Fourth and First National Bank with charter 150. eallitZAMS,Ma rlartirELP. (e. $10 Third Charter Red Seals, all grading about VG; a $5 Third Charter Blue Seal Date Back in F; and two $10 Third Charter Blue Seal Date Backs in G. As I have previously related, the First National Bank and the Fourth National Bank were consolidated on July 8, 1912. The title was changed to Fourth and First National Bank of Nash- ville on August 7, 1912. The new bank began with assets of $14,500,000 and deposits of $8,700,000. The Fourth and First National Bank expanded rapidly. De- posits reached $13,000,000 by 1920; $20,420,000 by 1926; and $40,661,000 by 1929. The bank assumed the Central National Bank on April 1, 1927 by consolidation. The Fourth and First National Bank reclaimed 150 as its charter number on July 12, 1927. During the '20s the Fourth and First National Bank made large loans to Caldwell & Co., a large Southern financial house. Paper Money Whole No. 186Page 216 PeixitegfrAtibitutmslarAteAtrawasnilliwngs 1110: ////, 10-1A-"ft. 15,0' 59,..r.g. o Interior, Fourth and First National Bank, circa 1926. First Charter $50 on Mechanics National Bank. The only note known on this bank. On June 20, 1929 James E. Caldwell announced that the hoard of directors had voted to denationalize the bank by merging various other institutions, owned by the Caldwell family, into one institution that would operate under a state charter. The probable reason for this move was to get away from the strict supervision of the national hank examiners. There were some problems encountered in accomplishing this move and on January 17, 1930 the plan was abandoned. In November 1930 Caldwell & Co. collapsed, owing Fourth and First $2,202,000, secured largely by stocks and bonds for which the market had disappeared since the Stock Market crash of 1929. Because of the close ties between Caldwell & Co. and Fourth and First National Bank, a heavy run on the bank started. By November 12th the bank could not continue and a merger with the American National Bank was announced. The Fourth and First National Bank was placed in voluntary liquidation on October 10, 1932. The Fourth and First National Bank issued Third Charter Blue Seal $5 and $10 Date and Plain Backs with the original Charter 1669; Third Charter Blue Seal $5, $10, and $20 Plain Backs with Charter 150; and Series of 1929 Type One $5, $10, and $20s. Large-size notes on this bank are common in all grades up to VF, but are rare in higher grades. The best large- size notes known are a $5 Plain Back in ZINC and two $10 Date Backs in AU, all with Charter 1669. Series of 1929 $10 and $20 notes are common in all grades including ZINC, but $5 notes are scarce in all grades. On October 31, 1874 the Mechanics National Rank of Nash- ville was granted charter 2200. This bank issued only First Charter Original and 1875 Series $50 and $100 notes. The Mechanics National Bank issued 816 notes of each denomi- nation for a total of only 1632 notes placed into circulation! By 1910 only $1250 was outstanding from this bank. Miracu- lously, an Original Series $50, grading F, has survived. This great note is by far the rarest national bank note from Nash- ville and is also the "King of Tennessee Nationals." On Janu- ar)! 13, 1880 the Mechanics National Bank, with a capital of $100,000, was placed in voluntary liquidation and consoli- dated with the First National Bank. The Merchants National Bank of Nashville, with a capital of $300,000, was granted charter 2513 in 1881. This bank issued only $10 and $20 First Charter Series of 1875 notes. No notes on this bank are known to have survived. The Merchants Na- Paper Money Whole No. 186 Page 21 ; 730:11:1430 C.....41110111.514 • LAN( Niat 0014-1.-1",'AN'tioiTh PlialliMak. 411.1N4i,1114,,,A11.!,11.1 ,2!0..t* 'nt14.141-21),I.L114 WW1 atiii F2, 4)tfs9A.41;tit,...- 1/4 //Wi; P sot )1Va4kltrittAiritetz *gr.. 1033011=MI „:71.11119.17... 3032 „.•■•••••• The American National Bank, Nashville, Tenn. S100 Third Charter Blue Seal on American National Bank. The only known large-size S 100 on any Nashville Bank. tional Bank was placed in voluntary liquidation on June 30, 1883. Charter 3032 was granted to the American National Bank of Nashville with a capital of $500,000 in the summer of 1883. This bank, founded by Edmund W. Cole, a former colonel in the Confederate army and president of the Nashville, Chatta- nooga & St. Louis Railroad from 1868-1880, started with a very broad base of ownership with 225 stockholders. The bank opened for business on September 1 in the Cole Building, then considered the handsomest building in the South, located at the northeast corner of 4th Avenue North and Union. On February 8, 1884 the stockholders voted to increase the capital to $1,000,000 and to consolidate with the Third Na- tional Bank. The Third National Bank was placed in voluntary liquidation on February 20, 1884 and consolidated with the American National Bank. The next day E.W. Cole, the presi- dent of the American National Bank, resigned and was elected president of the Executive Board. I le was succeeded by John Kirkman, the former president of the Third National Bank. Edgar Jones, who had served as cashier of the Third National Bank throughout its entire history, was elected a vice-presi- dent; the other vice-president was John M. Lea. On August 1, 1888 John Kirkman was killed in a horse and buggy accident on Broadway. Edgar Jones was then elected presi- dent of the American National Bank. The bank was very suc- cessful from the beginning and by 1890 had accumulated a surplus of $75,000. The American National Bank has almost always been one of the largest and strongest banks in Nashville. The American National Bank assumed the Cumberland Val- ley National Bank by consolidation on January 20, 1921 and assumed its circulation. On October 10, 1932 the American National Bank absorbed its rival and chief competitor of many years, Fourth and First National Bank, which had a capital of $2,625,000. The title was changed to First American National Bank on January 20, 1950. In July of 1973 the bank moved into its new 28 story building at the corner of 4th Avenue North and Union. First American National Bank is Nashville's oldest bank. The American National Bank issued $5, $10, $20, $50, and $100 Brown Backs; Third Charter Red Seals; Third Charter Blue Seal Date and Plain Backs; and Series of 1929 type one and $5, $10, and $20s in Series of 1929 type two. American National Bank circa 1912. A few Third Charter Red Seals are known from this bank. A $5 in VG, three $10 grading from VG to VF and a $20 in VG. Third Charter Blue Seal $5, $10, and $20 notes are very com- mon in grades up to VF, but are rare in XF and better, with the best known being a $20 Plain Back in AU. ANIZIONI11111111. umm.1 ci4*14,44,4=4=144,t,tt4=1„. TviN, Page 218 Paper Money Whole No. 186 A few $50 Third Charter Blue Seals are known, most grad- ing VG with the best being VF, but badly cut. One $100 Third Charter Blue Seal Date Back grading F-VF is also known. Series of 1929 $5, $10, and $20 notes are very common in grades up to VF-XF, but are rare in higher grades, with very few uncirculated notes known. A few Series of 1929 $50 and $100s are around; the $50s are more common than the $100s, but none of the $50s grade better than VF. About a half dozen $100s, grading a mishandled uncirculated, were in a hoard that surfaced about ten years ago. The Commercial National Bank of Nashville was organized on July 22, 1884, with a capital of $200,000, and was granted charter 3228. The capital was increased several times until it amounted to $500,000 on April 1, 1890. The bank did very well for several years, paying an eight percent dividend, but was finally placed in receivership on April 6, 1893 because of incompetent management. The Commercial National Bank issued only $50 and $100 Brown Backs. The bank placed 775 of each denomination into circulation for a total of only 1550 notes issued! Only $800 was outstanding from this bank in 1916. No notes are known to have survived and I doubt that any will surface. On April 20, 1903 charter 6729 was granted to the Mer- chants National Bank of Nashville, with a capital of $200,000, succeeding the Merchants Bank of Nashville, a state-chartered bank that opened for business on November 1, 1885. This bank issued only $5, $10, and $20 Third Charter Red Seals. Two $10s, grading G-VG, are the only notes known to have survived from this bank. The Merchants National Bank had a very short history, being placed in voluntary liquidation on May 15, 1906 and consolidated with the First National Bank. The Hermitage National Bank of Nashville, named for the home of President Andrew Jackson, with a capital of $300,000, was granted charter 9532 in September of 1909. The Hermit- age National Bank issued Third Charter Blue Seal Date Back $5, $10, $20, $50, and $100 notes. Only two notes are known to have survived from this bank, both being $10s, one grading G and the other VF. The title was changed to Tennessee-Her- mitage National Bank of Nashville on July 7, 1915 and it as- sumed the Tennessee National Bank by consolidation on July 17, 1915. Because of the collapse of Caldwell & Co., Tennessee-Her- mitage National Bank was subjected, in November 1930, to First American National Bank circa 1973. the same run that hit other Nashville banks. Depositors lined up around the block to withdraw their savings. By mid-No- vember, the bank could not continue and a merger was an- nounced. This was carried out on December 23, 1930 when Tennessee-Hermitage National Bank was placed in voluntary liquidation and absorbed by Commerce Union Bank of Nash- ville. Tennessee-Hermitage National Bank issued $5, $10, and $20 Third Charter Blue Seal Plain Backs and Series of 1929 type one notes. Two Third Charter $5s in VF, three or four $10s, grading from VG to VF, and three $20s, grading from VG+ to $10 Third Charter Red Seal on Merchants National Bank. One of only two notes known on this bank. Nationaleurremir •IICIIRIDITIPIIIIIISTATMONIIIIMIDTRUISECURIT UNITED STATES OFAMERICA B318174A ostomtkitt •-• 9 6 CD 040 5 Vip .,.,.`6,..)Et,WW.Litj.=44.1;61,141 ‘1411.14r.17111q11%,:y 19), Ay,,f--,y9//7 8582 . -0111C,41_1 1 A• S PITANIIMML411 - ;01--3-- . ice .a UNITED STATES OF AM ERICA • 741. 411N 9059 wmaiitigo, 017;40-Aift.':; s 4 NiUlf 44,11.4st,ar jalatip.01 t11) ,..,114.14.1=.4k I if -10NIPIkla K.///: trsivsj.0411=2=a2111 :— CCM" eneY •stialitil RTUIUTUIRIITERRRRURRR TIKRUCIPIMES • . U654199<' 1293 - TENNESSEE-IIEBMITAGE NATIONAL BANK Of • NASHVILLE • TENNESSEE WILL F.Ay 101nt OFAHLR On DIT, AtiO A 000225 A RFO^f MA THE , ',He,— aQi rettlENTv 1)4)uutts csomumearcrit i:171 . 17ti.11111■Nra13 .r. onnOSITE1.1111 TUE f 1113.1 A 000225 A Paper Money Whole No. 186 Page 219 $10 Third Charter Blue Seal. One of only two notes known on Hermitage National Bank. The only known $10 Third Charter Blue Seal on Cumberland Valley National Bank. Signature of L. Jonas, V. President. The only known 1929 Series $20 on Tennessee-Hermitage National Bank. VF, are known. Series of 1929 notes from this bank are very rare, with one $5 in VG, two $10s, one in VG and the other AU, and a $20 in F+, being the only notes known at present. The Cumberland Valley National Bank of Nashville, with a capital of $300,000, was granted charter 9659 in February of 1910. This bank derives its name from the Cumberland River that flows through Nashville; it was named after the Duke of Cumberland, a prime minister of England before the Revolu- tionary War. The Cumberland Valley National Bank issued $5, $10, and $20 'Third Charter Blue Seal Date and Plain Backs. Three $5 notes, grading from G to F, a $10 Date Back in VT' and a $20 Date Back in VF are known. The Cumberland Val- ley National Bank, with a capital of $500,000, was consoli- dated with the American National Bank on January 20, 1921. Charter 9774 was granted to the Broadway National Bank of Nashville, with a capital of $200,000, in June of 1910. This bank was located on Broadway, at the corner of 3rd Avenue North. Chart I Population of Nashville 1810 1,100 1820 3,410 1830 5,556 1840 9,850 1850 10,165 1860 16,998 1870 30,260 1880 43,350 1890 76,168 1900 80,865 1910 110,364 1920 118,342 1930 153,866 1940 167,402 1950 174,307 1960 170,874 1970 447,877 * 1980 455,651 1990 488,374 * Metropolitan government of the City of Nashville and Davidson County was formed on April 1, 1963. numramorinior.,mcmont-Ar THIRD NATIONAL RANK IN NASHVILLE TENNESSEE B000001A TEN 11.10).L.1.itS 0000001A 1929 Series $10 serial number one on Third National Bank Page 220 Paper Money Whole No. 186 01111WITOTEI,s7VII:ti 011 0711171t Mr. St 11-1,4 -11irtl.."Fr ittillgilltrifilt 2 4 475 3771/411k? F*4 tri; Pi LA •(4.1.7t4.141,14.4,;.U,44.44W •N vc,LD (4, 24475 ir"*. .,•44231.5■1477W-4e.C.-* • / $5 Third Charter Blue Seal. The finest large-size note known on Broadway National Bank NAST' , The Broadway National Bank issued $5, $10, and $20 Third Charter Blue Seal Date and Plain Backs and Series of 1929 type one and type two notes. Third Charter notes are occasionally available in grades up to F, with higher grades being rare. No notes are known grading better than XI'. The first note issued by this bank, a $5 Date Back serial number 1 from the "A" plate position grading VF, has survived. Series of 1929 notes on this bank turn up more often than large-size notes, but are not common. The $5 type two number one sheet was sepa- rated a few years ago. The best small-size notes known, besides the cut sheet, are two $5s grading VF. The Broadway National Bank was consolidated with Commerce Union Bank of Nash- ville in May of 1962. The Tennessee National Bank of Nashville, with a capital of $300,000, was granted charter 10622 in September of 1914. The bank was placed in voluntary liquidation on July 17, 1915 and consolidated with the Hermitage National Bank, having never issued any national bank notes. In November of 1922 charter 12276 was granted to the Cen- tral National Bank of Nashville with a capital of $300,000. This bank was consolidated with Fourth and First National Bank on April 1, 1927. The Central National Bank never is- sued any national bank notes. The last national bank chartered in Nashville during the note- issuing period was the Third National Bank in Nashville, which, with a capital of $600,000, was granted charter 13103 in July of 1927. Third National Bank was founded by Frank Mitchell Farris, formerly the cashier of the American National Bank. The original shares of stock, priced at $120 a share, were pur- chased by 444 stockholders. The bank opened for business on July 18, 1927 in rented space on the ground floor of the Inde- pendent Life Building, located on the southeast corner of 4th Avenue North and Church Street. Deposits exceeded $1,000,000 on opening day and at the end of ten years, had reached over $28,000,000. This bank was required to use "in Nashville" instead of "of Nashville" in its title in order to distinguish it from charter 1296. The Third National Bank issued $5, $10, $20, and $50 notes in Series of 1929 type one and $5, $10, and $20 type two notes. Twenty dollar notes on this bank occasionally show up with the $10s being more scarce and $5s being very scarce. Here again, notes are very seldom seen in grades above VF. The Third National Bank issued only 408 $50s and only one note is known to have survived. The type one $5 and $20 serial Paper Money Whole No. 186 Page 221 Chart II Bank Officers Cashier President First National Bank James G. Ogden 1863-1866 J.C. McCrory 1867-1869 R.G. Jamison 1870-1872 W.C. Butterfield 1873-1874 Theodore Cooley 1875-1879 John P. Williams 1880-1885 H.W. Grantland 1886-1894 W.F. Bang 1895 1.I-I. Fullton 1896 D.S. Williams 1897 Frank 0. Watts 1898-1902 Randal Curell 1903-1912 John Lumsden 1865-1866 W.J. Thomas 1867-1868 John Lumsden 1869-1870 W.B. Dortch 1871-1874 Edgar Jones 1865-1884 A.G. Sanford 1863-1870 M. Burns 1871-1878 S.I. Keith 1879 Nathaniel Baxter, Jr. 1880-1885 Thomas Plater 1886-1891 Herman Justi 1892-1895 Joel W. Carter 1896-1902 Frank 0. Watts 1903-1912 Second National Bank Anson Nelson 1865-1866 John Lumsden 1867-1868 James McLaughlin 1869-1874 Third National Bank W.W. Berry 1865-1876 John Kirkman 1877-1884 1 John Porterfield 1867-1874 2 Thomas Plater 1875-1880 William M. McCarthy 1881-1885 Joseph T. Howell 1886-1908 J.S. McHenry 1909-1912 Fourth National Bank James Whitworth 1867-1882 Samuel J. Keith 1883-1909 Joseph T. Howell 1910 W.C. Dibrell 1911-1912 Randal Curell 1912-1918 ILL. Williamson 1919-1926 William P. Smith 1927-1930 Fourth and First National Bank James E. Caldwell 1912-1930 W.C. Butterfield 1874-1876 John S. Bransford 1877 John P. Williams 1878-1880 Mechanics National Bank B.F. Wilson 1874-1877 William Morrow 1878 Nathaniel Baxter, Jr. 1879-1880 Merchants National Bank W.F. Bang, Jr. 1881-1883 Thomas Plater 1881-1883 American National Bank A.W. Harris 1883-1898 E.W. Cole 1883-1884 N.P. Lesueur 1899-1918 John Kirkman 1885-1888 1 E.R. Burr 1919-1922 Edgar Jones 1889-1891 V.J. Alexander 1923-1924 3 W.W. Berry 1892-1918 F.M. Farris 1925-1926 P.D. Houston 1919-1926 M.E. Barr 1927-1935 Paul Davis 1927-1935 Commercial National Bank Frank Porterfield 1884-1893 M.A. Spurr 1884-1893 Page 222 Paper Money Whole No. 186 E.A. Lindsey 1903-1904 W. David Suttle 1905-1906 N.F. Cheairs 1909-1910 Joseph J. Green 1911 J.W. Charlton 1912-1915 J.L. Campbell 1914-1915 Merchants National Bank lames McLaughlin 1903-1904 Edward A. Lindsey 1905-1906 Hermitage National Bank Frank Dibrell 1909-1910 B.F. Moore 1911-1915 Tennessee National Bank Edward A Lindsey 1914-1915 Tennessee-Hermitage National Bank J.L. Campbell 1915-1917 Edward A. Lindsey 1915-1930 1.C. Page 1918 John R. Wilson 1919-1926 C.H. Hillman 1927-1930 Thomas G. Garrett 1910 V.J. Alexander 1911-1921 Cumberland Valley National Bank John N. Sperry 1910 Joseph T. Howell 1911-1921 Alvin E. Potter 1910-1912 John F. Joyner 1913 David Y. Proctor 1914-1930 Clarence C. Potter 1931-1935 Allen B. Cummings 1922-1924 William J. Allen 1925-1927 Broadway National Bank H.G. Lipscomb 1910-1912 A.E. Potter 1913-1930 William M. Gupton 1931-1933 David Y. Proctor 1934-1935 Central National Bank Watkins Crockett 1922-1927 Third National Bank S. Sanford McConnell 1927-1929 Watkins Crockett 1927-1934 Walter J. Diehl 1930-1935 F.M. Farris 1935 John Kirkman served as President of the Union Bank of Tennessee from 1854 until it was liqui- dated in 1865. 2 John Porterfield served as cashier of Merchants Bank from 1855 until 1859 and as president of Traders Bank of Tennessee from 1859 until it was closed in 1863. 3 I have seen two notes with this signature that have "Vice-Prest and" stamped in front of the printed title of "Cashier." number 1 uncut sheets have survived intact, but the number 1 sheet of $10s was separated about 25 years ago. One uncut sheet of $10s is also rumored to exist. The Third National Bank moved into its new 20-story build- ing, at the corner of 4th Avenue North and Church Street, in March of 1968. The Third National Bank in Nashville was purchased by SunTrust Bank of Atlanta in 1986. It continued to use its original name until it was changed to SunTrust in mid-October 1995. Only First American National Bank has survived to the present day. This is the story of national banking in Nashville, Tennessee. Addendum I would like to relate how I became interested in national bank notes. During the last days of silver certificate redemption in the spring of 1968, my father and I were running ads to buy silver certificates in the local papers. On June 17th we went to an attorney's office in Nashville and purchased a few silver certificates. During the conversation, the attorney mentioned that he was handling an estate that included a few coins. He opened a safe and showed us a U.S. gold type set, then he handed me a Third Charter Blue Seal and a Series of 1929 note from the American National Bank of Nashville. Although I had been collecting coins since February of 1961, I did not know what a national bank note was. I was intrigued by these notes and kept this in the back of my mind for a few months until I obtained my first and only employment. I took part of my first pay check, went to the local coin shop, and purchased a Third Charter Blue Seal note from Nashville, which is still in my collection; thus I guess it can truly be said that I have the first dollar that I ever earned. I continued to purchase Nash- ville notes from the local shop, by the mail from the dealers Michael Burns, President, First National Bank. James Whitworth, President, Fourth National Bank. E.W. Cole, President, American National Bank. Paper Money Whole No. 186 Page 223 and collectors, and by going to coin and currency conventions all over the country. A couple of years later, I started collecting First and Second Charter notes from all Tennessee banks and in the summer of 1975, I expanded my collecting interest to include all types of nationals from all Tennessee banks. In the last few years, 1 have started to add a few Nashville obsolete notes to my collection. Anyone who wishes to comment about this article or to re- port new notes is invited to write me at P.O. Box 140262, Nashville, Tennessee 37214. Sources Crew, H.W. (1890). History of Nashville, Tennessee. Nashville, Tennes- see: Publishing House of the Methodist Episcopal Church, South. Egerton, 1. (1979). Nashville the faces of two centuries 1780-1980. Nash- ville, Tennessee: Plus Media Incorporated. Garland, P.E. (1983). The history of early Tennessee banks and their is- sues. Hampton, Virginia: Multi-Print, Inc. Garrett, W.K. and A.V. Goodpasture. (1900). History of Tennessee. Nash- ville, Tennessee: Brandon Printing Company. Kelly, D.C. (1985). National bank notes a guide with prices. 2nd Edition. Oxford, Ohio: The Paper Money Institute, Inc. McFerrin, I.B. (1939). Caldwell and Company , a southern financial empire. Edgar Jones, Cashier, Third National Bank; President, American National Chapel Hill, North Carolina: University of North Carolina Press. Bank. Nashville City Directories 1865-1935. Paper Money Whole No. 186Page 224 amm ski aPPERTHOO By DAVE GRANT woffs, .-----0,40wateoto=.0:4*-:PW,e- ' 5172 ) ie.:4„.,., at' Nv-" tlo-.....a stxpolostrc 1 , is Alada.... ' .,....flPtite 1 it1PSOLe") MEM teltal=0 . rte.9ZASO :/7.; . - -.31WrgiaNing:012.4{ ODAY customers expect that banks are eager to get their business and expect to be able to shop around for the best deals. Not only has competition among traditional providers increased, but deregulation has allowed a wide variety of "non-banks" to provide traditional bank ser- vices. With increasing competition from all sides, the customer has truly become king: a wide variety of financial service pro- viders constantly solicit business and have developed an array of "service delivery channels" (e.g., ATMs, bank-by-phone, bank on the Internet, etc) in an attempt to both meet their custom- ers' expectations and co-opt the competition. This is a dramatic shift from just a century ago. The com- mercial bank was just that, focussed almost exclusively on busi- ness customers. Lending was more important than deposit taking and the primary focus was often on the needs of the bank rather than on those of the customer. While individuals of more modest means may have had access to savings asso- ciations, they were often sufficiently intimidated by "the banker" to hide their money at home. The notion that only someone who didn't need a loan could get one had a real ba- sis in fact. An 1888 handwritten letter from Charles Parsons, then presi- dent of the State Savings Association—later the State National Bank of St Louis—to E.W. Knight of a Helena Montana insti- tution provides some insight into how much has changed: State Savings Association St Louis, Mo April 21st 1888 E. W. Knight Esq Cashr Helena Montana Dr Sir Your favor of the 16th inst is received, Also, Mr Rumsey has handed us your letter to him of the 30th March only yester- day. We will be much pleased to have you keep an account with us if you find it agreeable to do so. We however do not pay interest on balances nor in fact any interest at all on de- posits on time or sight. We will remit + receive for you within reason to NYork Chicago Boston or Phila without charge— lust now exchange is selling here at 90cts per $1000—between banks & we have had to remit money by express in large amounts from want of sellers to supply the market. Our experience in interest paying in panics was in 1857 1861 + 1873 very unsatisfactory, in fact a source of so much annoy- ance that we would prefer to do without such accts as they all wanted their money. So we neither receive nor pay interest on deposits— We have always sent for our collections. Very Resp Yours Charles Parsons P. T Paper Money Whole No. 186 Page 225 cAT fe I 1 Gil 8/AW E Wm/de,- Zw444eiv cnotey by KENNETH M. MACKENZIE HEN referring to Gene Hessler's Comprehensive Cata- log of U.S. Paper Money recently, I came across the il- lustration of the one hundred thousand dollar gold certificate with the portrait of President Woodrow Wilson. This, as the author stated, was the highest denomination note ever printed by the Bureau of Engraving and Printing, and was used for transactions between Federal Reserve Banks. Being a col- lector of Ottoman bank notes, it brought to my mind a World War I bank note issued in August 1916 in the denomination of fifty thousand Turkish lira. I thought a brief account of the circumstances surrounding its issue and a general description of it with an illustration might interest readers of this journal. In 1875 the Ottoman government defaulted the charge on its foreign debt of two hundred million pounds sterling. Six years later the Sultan Abdul Hamid II issued a decree, known by the name Muharrem (the name of the month in which it was drafted), which established European control of part of the Imperial revenues. It was named the Administration of the Ottoman Public Debt (O.P.D.A.). The council was composed of seven representatives of the bond holders from various coun- tries, which, after the declaration of War on November 5, 1914, was reduced to the German, Austrian and Turkish delegates only, and decisions were made by them up to November 1918. Large sums of money were borrowed by Turkey from its al- lies because of the War. One contract was made with Germany in April 1915, and another with Austria in May of the same year, which secured for the Turkish Ministry of Finance of ad- vances near to six-and-one-half million liras. These were the Face. In prominent position at the top is the tughra of the Sultan Mehmed V (Reshad) with "el Ghazi" at the right (this was a title of hOnor awarded to him for leadership in the war). "The Ottoman Empire with the date 19 August 1916 (Devlet -1 Aliyye-1 Osmaniye 6 Agustos 1332) is inscribed below it. A central inscription in ornamental diwani script: Paper currency worth fifty thousand lira, cover for which has been deposited in full payment pursuant to the law date. Deputy minister of Finance (KarWigi tainamen tevdi edilmis ell bin liralik varaka - i nakdiyye. Maliye naziri vekili). Talat's signature does not appear. The inscription at the bottom is: Value to paid in Gold (Bedile dersaadet'te altin olarek tavisye olunacaktir). Page 226 Paper Money Whole No. 186 Back. 'this cover for this issue of paper currency has been placed on deposit with the Ottoman Public Debt Administration and the aforesaid administration promises to pay in gold in equal amounts over a five-year period thus withdrawing this certificate entirely from circulation. This period will commence two years follow- ing the conclusion of the accord in the name of the Administration Council of the Ottomon Public Debt, the President (Fltiseyin Cahid's signature does not appear). tertip euark-i nakili)Te'nin Diiyun-i Ummunnyye Osmaniye blares'ine tevdi edilmi, chip kar,iligin her sene bir kismi obnak itzere bu tertibin be; sene zarlinda Jointilen teihwithien suretiyle altin olarek te'diyesine tahsini mit;ariinileyita taahiit eyle. Bu miitidet sulhun ailkinden iki sene sonra ibtidar. e lecektir. Duyun-i LImmunnyye Osmaniyye-i Meclis-i idaresi nnmina, Reis.) Actual size: 7"x10", color blue with a multicolored background for the inscriptions in pink green and brown tints. first of seven contracts made during the following three and one half years. The first issues of the bank notes were secured by gold deposits in the Berlin and Vienna banks for a value equal to the paper money issued. For the subsequent issues the council of the O.P.D.A. were responsible for the covering of German treasury bonds repayable at intervals over a period of more than eleven years. After the War ended, the council was unable to carry out its commitments in this regard when Mustafa Kemal (Ataturk) collected revenues in the regions under his control. In 1922 the O.P.D.A. set up offices in An- kara, the new capital, and resolved the matter of the final pay- ments of installments stipulated following the Treaty of Lausanne, to be paid on May 25, 1954. For one of the seven contracts mentioned, a Law date of 23 May AH1332 (corresponding to June 5, 1916) two low-value bank notes of 1 and 2 1/2 piastres, Pick 25 and 26 were issued in large quantities. Serial numbers prefixed by the letters A-T are known for the piastre note and letters A-Z and a-j are to be found on the 2 1/2 piastre notes. These have six digit figures, and the notes are not printed on water-marked paper. They were intended to offset the chronic shortage of small change. To cover the issue of these two types of bank notes, a large format "hank transfer" note with the denomination of 50,000 Turkish lira (TL) was issued, backed by gold, to the O.P.D.A. in August. Sixteen of these valued at 800,000 TL were depos- ited with the Imperial Ottoman Bank, and another five were issued to be cover for the gold and silver coinage withdrawn from circulation. In all, the total amount to be repaid by the O.P.D.A. amounted to 1,050,000 TI, in gold, in equal amounts, over a five year period, at the end of which, the notes (dated 6 Agustos AH1332/19 August 1916) would be withdrawn from circulation. The period was to commence two years after the agreement. It is of interest to note that this large denomination bank note is listed as Pick 42 and is known only from specimen- canceled notes, such as the one with the serial No. 28, first published in the Turkish journal BORSA REHBERI (1928) re- printed by Dr. Erol; another, No. 23, is illustrated by Caglar, which happens to have the signature of Talat on the face and Huseyin Cahid on the back. Another without signatures, No. 30, known from the Mint Museum in Istanbul, is described here. One other specimen without signatures numbered "00" is unsigned also. It may be recalled that at the commencement of World War 1 the Turkish lira in gold was valued at $4.40 (U S). The Otto- man paper money issued during the war quickly declined in value and circulated substantially below par against the gold lira. Consequently, the U.S. gold dollar equivalent of the 50,000 (Continued on page 227) NailliOnalCurepeney • SUMMIT IMMO STAMM= OR RIMER St EURITICS • smaies or 11102. B =7:4FLOUHLO' 113M( • Paper Money Whole No. 186 Page 227 TWEDTED 8 CHAQTEQ _L-v113EQ MBTAKE The 8 in the right hand overprinted charter number on this Laramie, Wyoming, note is inverted. A close look at the overprinted charter number on the right hand side of the national bank note shown here reveals that the numeral 8 is inverted. Notice that the small loop is on the bottom! The overprinted charter numbers were printed from mov- able type so this was inevitable. This mistake probably hap- pened several times over the years because the difference between an inverted 8 and upright 8 is not that obvious. How- ever, I don't recall seeing one before. This mistake only affected the B $10 position on one 10-10- 10-20 Series of 1902 blue seal, plain back printing for The First National Bank of Laramie, Wyoming (4989). This note came from a printing of 588 sheets for the bank totaling $29,400, which was delivered by the Bureau of Engraving and Printing to the Comptroller of the Currency on January 20, 1927. The sheet serial numbers in the group ranged between 12608 and 13195. The first of these was sent to the bank on March 29, 1927; the last on November 9, 1927. Sheet 12623 containing this note was sent to the bank on April 6, 1927, as part of a $1,100 shipment to offset redemptions of worn notes. 4999 Notice that the upper loop in the 8 is larger than the lower loop. THE PAPER COLUMN by Peter Huntoon The April 6 shipment included sheets 12611 through 12632. No other notes have been reported from this group of sheets to date. The upper and lower loops in the 8s in the charter numbers on most national bank notes from most series are the same so there is no top or bottom to them. However, the 8s in some of the character sets were like those used on this Laramie note so placing them in the press correctly gained importance. ■ MacKenzie (continued from page 226) TL bank note at the end of 1916, when one gold lira was ex- changed for 1.75 TL in paper money, would have been equiva- lent to $125,000 (U.S.) in gold. Thus, this bank note is one of the highest ever issued in actual value. (Two £1,000,000 and eleven £500,000 British notes, various dates to 1812, have survived. These notes were used for internal transactions, The Bank of England Note, A.D. McKenzie, p. 126.) The face and back of bank note No. 30 is illustrated here, together with a transliteration and translation of the legends. This specimen note has been canceled with circular and trian- gular perforations. (Today, 80 years later, $1 (U.S.) is equivalent to about 94,000 TL from the Republic of Turkey!) Catalog Source Pick, A. (1994). Standard catalog of world paper money. Iola, WI: Krause Pub. NOTICE New Address for Editor Gene Hessler P.O. Box 31144 Cincinnati, OH 45231 NOTICE Page 228 Paper Money Whole No. 186 "An Interesting Cheek" by BOB COCHRAN A fellow collector friend recently sent me a group of old Missouri checks, and this one really caught my eye. I was quite struck by the style of the vignette, which to me is unusual for a check which was printed (by "Barnard St. Louis") for use in the 1930s. The central figure is clearly an eagle with five young in a nest, but doesn't it bear a striking resemblance to the "Pelican My attention was also drawn to the stamp at the right of this check, which states "FEDERAL TAX .02"; the check was drawn for $6.07, and someone has written "6.09" in pencil next to the word "TOTAL." I'm familiar with the many checks issued during the 1870s and during the Spanish-American War, which bear Federal Tax Revenue Stamps, and I seem to remember reading that a simi- lar situation was once discussed during the early days of the Roosevelt administration in 1933, but I was not aware that this plan had been implemented. This check seems to indicate that it was, and that for at least some amount of time in the 1930s a Federal Tax was imposed on checks. in her Piety" design that appears on the Louisiana State Seal and several obsolete bank notes? The "spread eagle" is also reminiscent of many vignettes which appeared on nineteenth century fiscal documents, including currency. At both sides of the central figure are other familiar trans- portation themes. At left is a sailing ship and (although very difficult to see clearly) a steamship. At right is an old-style lo- comotive crossing an arched bridge, which was depicted very often on nineteenth century notes and other documents. At first it was my desire to ascertain additional information about this most unusual and interesting item, and share my findings with the syngraphic community. Who knows where it would have led? I could have written an extensive, illustrated and rambling history of Higginsville, Missouri, the American Bank, Spring Hill Dairy, and C.E. Neff. But I won't. I'll just leave well enough alone, and invite any- one with further information and the desire to share it with us to do so. A La Salle Bank Note Company Circular by GENE HESSLER While researching materials for The Engraver's Line, this adver- tising circular came to my attention. As you can see by the opposite side, this circular was intended to be folded for inser- tion in an envelope. Paper Money Whole No. 186 Page 229 Are You Another Frank Barclay? FRIDAY afternoon . . . chimes across the way announce 5 o'clock as the ink is drying on the last signature. After endless delays and rearrange- ment of plans in making the financing program a reality. His clients, relaxing, prepared to leave. This was indeed, a successful climax for all but Frank. Before him lay the most important step of all . . . temporary securities must be printed immediately. Each day's delay means great financial loss. "No, Mr. Barclay," said his secretary, in response to an inquiry, "They told me that nothing could be done until tomorrow morning." Jim Werner stepped up. His advice was highly respected when he chose to give it. "Call Herman Schreiner Jr. or A. Charles Levine of the LA SALLE BANKNOTE COMPANY and you will get immediate service." To make a long story short, Frank Barclay put his "O.K." on the PROOFS at 9:30 that evening, the certificates were delivered the following morning, signed by the officers over the week end, and were in the hands of the Transfer Agent earl y Monday morning for distribution. Many executives have been in the same predicament as Frank Barclay, but without the benefit of a Jim Werner's advice. You, yourself, may at some time face the same emergency. We solicit your business for securities of every nature and description, includin g those required to be engraved according to Stock Exchange requirements. Our offices and plant, located in the heart of the financial district, are equipped to render accurate and speedy service in the production of type printed securities. Our Corporate Supply Department uses steel engraved borders exclusively , even in the combination outfit (for the small, closely held corporation). The LA SALLE BANKNOTE COMPANY is as close to you as your telephone or telegraph signal box. Remember our DAY AND NIGHT SERVICE! LA SALLE BANKNOTE COMPANY Telephone CENtral 1421 ymmoutiom ';oimon.Iumwm 1111 ONLY BANKNOTE TYPE PLANT IN THE LOOP Ii- LAiSALLE KNOT COMPANY( 216 WEST JACKSON BLVD. CHICAGO PRINTERS = ENGRAVERS OF SECURITIES AND CORPORATE SUPPLIES WE FURNISH SECURITIES ACCEPTABLE FOR LISTING ON ALL STOCK EXCHANGES CoPIP,1 (AV, VA, Our Complete Banknote AND Corporate Supply Service LA SALLE BANKNOTE COMPANY'S unique service was designed to lighten the labors and assist the busy Attorney, Banker and Corporation Executive who is confronted with the problem of obtaining, in proper form, STOCK CERTIFICATES SHORT TERM NOTES INTERIM RECEIPTS BONDS WARRANTS CHECKS and sundry other documents, for Municipal, Private or Public Corporations, or for issues of securities to be listed on the principal Stock Exchanges. In addition our CORPORATE SUPPLY DE- PARTMENT has devised for the very small closely held corporation a distinctive combination of seal, record book and stock certificates, printed on steel engraved border designs which are never sold in blank. This combination should not be confused with the lithographed stock certificate borders (sold in blank and easily duplicated) furnished by stationers and corporation supply houses. For A Surprisingly Low Price See Enclosed Circular 44:-****** ruEN-roN, C.01(31/4,VIIIC 3lliEtAAFIrr.via:Nor:pop* 1>> 41g: ?mg; * 441034 't-':** ******44 sirc* Vir 1/4.1 for all County DIUrN, or payable in Con fetterate paper.; 4) 4 • 4> No4NEX4(3KNA °GUN, y CLEF. .4 • )10MOK31OKX* '. ''' A0k**** '4. i '.K.,,c-i:..C...4.4;•‘?.4.944,944-4.44>4.:,>• ,:, •:•••?C. ,;,-C.C..:,C, ‘.., '.....7:;>:.".› ,? ,:z4. 4:4>C, 46,•;.<;■ 0 3: xy X=.111.11. :V )0 -4 DENT Denton, Sept, 10, 1862, vfl on= JUSTICE. ilonh II p11■;, Neu Paper Money Whole No. 186 Page 231 ABOUT TEZ&MOSTLY DENTON COUNTY DRAFT SCRIPT by FRANK CLARK VER 90 counties in Texas issued scrip during the Civil War. These were usually receivable for all county dues or payable in Confederate paper. There are several variations on the payable theme depending upon which county issued the scrip. Most of the scrip is dated during the years 1862 or 1863. The names of the printers of most of these scrip notes is not present on the notes themselves, but we know that many of them were produced by a newspaper office in the community. Some of the scrip has been printed on the back of fiscal paper. This class of scrip can be described as "very rare" for most, if not all, Texas counties that issued it. Denton County issued scrip in 50 cents, $1, $2 and $3 de- nominations. The 50 cents and $2 denominations are not listed in any reference books, but they are known to exist in a private collection. After many years of searching, I was able to locate a $1 Demon County Draft with very strong signatures, which is il- lustrated in this article. The signatures are those of S.A. Ven- ters as County Clerk, and J.M. Blount as Chief Justice. S.A. Venters was born on June 27, 1822 and was one of the founders of Denton County. He arrived in the area in the mid- 1840s. Denton became a county in 1846. Venters was elected to the position of County Clerk in 1848 and served many terms. In 1851 he was appointed postmaster at New Alton, then the county seat. In 1874 he was elected to the State Legislature to represent Denton County. He was also a member of the 1.0.0.E. Lodge. Venters was much admired by those who knew him; he died in Denton on March 12, 1881. J.M. Blount settled in the town of Denton in 1857. He had moved from Mississippi when he was 34 years old. He assisted in the laying out of the town of Denton as soon as he arrived. Soon thereafter the county seat was moved from Alton to Face of the Denton County Draft, showing signatures of S.A. Venters and /. M. Blount. Back of the scrip note, showing unused check stock with a vignette along with a portion of the Danforth & Nulty imprint. Page 232 Paper Money Whole No. 186 Denton. Blount was one of Denton's first businessmen, and engaged in the sale of goods for many years. He was elected to the post of county judge (Chief Justice) and served several terms. He was elected to the Texas Senate in 1866. Blount and the rest of Governor Throckmorton's administration was re- moved by the Federal Government due to the policies of Re- construction. Blount was later elected to several other city and county offices. He was a Royal Arch Mason and a member of the Baptist Church. He did much to build and improve the city and county of Denton, and was recognized as one of the county's outstanding citizens. His wife, Sofia, died in 1869; Blount died on February 22, 1889. The reference books I consulted do not refer to the backs of the Denton County Draft. When I obtained my example, I was delighted to find that it was printed on unused check stock originally printed by Danforth & Hufty of New York and Phila- delphia. Their imprint is on the back of the scrip as part of the check design. Danforth & Hufty operated from 1847 to 1850, when it became involved in several mergers which culminated in the establishment of the American Bank Note Company in 1858. The face of the scrip was printed in such a manner that pro- duced an "inverted back." As can be seen in the illustration, the check stock contained a vignette of a steam ship with full sails churning through rough waters. To me, the presence of this contemporary vignette, and the fact that the scrip was printed on an unused check adds greatly to the history of this rare piece. I was very happy to obtain an example of Denton County scrip, and enjoyed researching the history behind its issuance. Even though ownership of it and my research has enlighted me in several aspects, there remain many unanswered ques- tions about these financial instruments. REFERENCES Bates, Ed. F. (1976). History and Reminiscences of Denton County. Denton: Terrill Wheeler Printing, Inc. Bieciuk, H. and H.G. Corbin (1961). Texas Confederate County Notes and Private Scrip. Bridges, C.A. (1978). History of Denton, Texas. Waco: Texian Press. Griffiths, William H. (1959). The Story of the American Bank Note Company. Medlar, Bob (1968). Texas Obsolete Notes and Scrip. Society of Paper Money Collectors, Inc. New Address for Editor P.O. Box 31144, Cincinnati, OH 45231 a ,e,- e, EARLY.,, .>e l'r* AMERICAN ii 1 , NUMISMATICS-‘,.. ... *619-273-3566 COLONIAL & CONTINENTAL CURRENCY SPECIALIZING IN: SERVICES: q Colonial Coins q Portfolio q Colonial Currency Development q Rare & Choice Type q Major Show o EARLY Coins Coverage q Pre-1800 Fiscal Paper q Auction We maintain the LARGEST ACTIVE INVENTORY IN THE WORLD! o SEND US YOUR LISTSWANT FREE PRICE . LISTS AVAILABLE. AMERICAN NUMISMATICS c/o Dana Linett Stamps Attendance ■ P.O. Box 2442 ■ LaJolla, CA 92038 ■q Encased Postage 619-273-3566 Members: Life ANA, CSNA-EAC, SPMC, FUN, ANACS Paper Money Whole No. 186 Page 233 A Facsimile $50 Confederate Note by FORREST W. DANIEL. NITED States District Judge (for North Dakota) Charles F. Amidon seriously studied the federal laws relating to the possession and uttering of Confederate notes and rendered an opinion that it was not a violation of Section 5430 of the Revised Statutes to do so. The opinion came in response to a motion to quash an indictment charging M.L. Barrett with possession of a facsimile of a $50 Confederate note and intention to "defraud divers and sundry persons." The indictment did not name the recipient of the bill. Judge Amidon said the case came within state jurisdiction and could be prosecuted as a common-law cheat. Federal court records contain only the indictments, arrest warrant, bond, motions to quash and the opinion. Other de- tails come from scattered newspaper items that suggest the charge arose only from fortuitous chance and that it was con- nected with an unrelated horse-stealing case. Hopefully this reconstruction is near the facts. Early in May 1901 Deputy U.S. Marshal N. Davis went to the Standing Rock Indian Reservation to serve horse-theft war- rants on several offenders. While there he learned that a white man on the reservation had bought a horse from Frank Blackhawk, giving him in payment a $50 Confederate bill. A secret service man was sent to the reservation to work up the case. A newspaper said there was a question of whether Con- federate money was counterfeit. At the opening of the May term of court in Fargo, Marshal Davis went to Standing Rock and returned with the six Indi- ans charged with stealing at least sixty horses from eight people. He also carried a warrant for the arrest of M.L. Barrett "for having committed the crime of passing counterfeit money"; Barrett returned to Fargo with the marshal and the others. Brought for trial were George Shot at Close, Albert Walker, David Red Stone, Charley Thompson, Richard Double Rider and "the notorious arch-conspirator and all-around bad man, Frank Blackhawk," who was heavily shackled.' Arraigned sepa- rately, Shot at Close, Thompson and Double Rider pleaded guilty; Red Stone and Walker pleaded guilty in part (that they didn't steal all the horses charged to them) and Blackhawk boldly answered "not guilty." The judge appointed attorneys for the defendants. Frank Blackhawk was charged with stealing a horse from Adolph Wise, an Indian of the Standing Rock Indian Agency. The stolen horse was alleged to be one the prisoner lost in a horse race wager. The prosecution's evidence was said to be "rather conflicting." A witness against Blackhawk was Red Tomahawk, 2 and his testimony seemed to bode ill for Blackhawk. Red Tomahawk was "very aristocratic in his bear- ing and possesses ample intelligence and quick perception to maintain such a bearing." In spite of the evidence, it was proved that the horse alleged to have been stolen by Blackhawk was the personal property of "Mrs Adolph Wise," not of her hus- band as stated in the indictment. Judge Amidon directed a ver- dict of not guilty because of the error. The others received various sentences: Double Rider and Walker, four months in Morton County jail at Mandan; Thompson and Red Stone, principals in the business, six months in Morton County jail; Shot at Close was sentenced to six months in the penitentiary and a fine of $1. Judge Amidon said the four were sentenced under a statute enacted in 1790; Shot at Close was also charged with concealing stolen prop- erty and that came under an 1825 law that required a mini- mum sentence. While the other trials were being held, the grand jury heard evidence that on December 30, 1899, M.L. Barrett, in Billings County, North Dakota, had in his possession and custody with- out authority from the Secretary of the Treasury a certain obli- gation and security engraved and printed after the similitude of an obligation issued under the authority of the United States. The item was a so-called Confederate $50 bill, which Barrett knew was not a lawful and genuine obligation of the United States, and that he intended to sell, pledge, utter and pass the same, thereby to defraud. And that he did unlawfully, know- ingly, feloniously and falsely utter, publish and pass the so- called Confederate $50 bill on Blackhawk, according to the indictment. Witnesses examined were Blackhawk, Mrs. Blackhawk, Paul Brave and Indian Agent George H. Bingenheimer. A motion to quash the indictment was filed and the case was held over until the following year. According to a news story, on June 2, 1901 M.L. Barrett was arrested at Glendive, Montana, for passing a Confederate $50 bill "on an Indian at Yule, N.D., during December, 1899, for a five dollar bill in a horse trade." Secret Service Agent Lawrence and Deputy U.S. Marshal Wall took their prisoner to Helena to have the case transferred to North Dakota for the July term of court. Barrett faced a second grand jury and, apparently, some very inventive testimony. He was charged with having in his cus- tody and control "without authority from the Secretary of the Treasury ... or from any other proper officer," an obligation or security engraved and printed in similitude of an obliga- tion of the United States. That document was "a so-called fac simile of a Confederate bill of the denomination of fifty dol- lars . . .." He was also charged with knowing the bill was not a lawful and genuine obligation of the United States. The government's contention before the grand jury held that the facsimile of the $50 Confederate bill which was central to the case had enough likeness to genuine obligations of the United States to be "calculated to deceive an honest, sensible and unsuspecting man, of ordinary care and observation, deal- ing with a supposed honest man, ..." and that the question should be decided by a jury. Barrett's attorney immediately filed a motion to quash the indictment, stating the indictment failed to state facts sufficient to constitute a crime or offense under Section 5330 of the Re- vised Code; did not show that Barrett ever had in his posses- sion any document engraved or printed in similitude of any Paper Money Whole No. 186Page 234 Sketch of the facsimile Confederate $50 note as it appeared in the indictment charging M.L. Barrett with possession of an unlawful obligation. (Courtesy, National Archives.) obligation issued under the authority of the United States; that the instrument was in no manner an obligation or security of the United States nor did it purport to be one. The motion also called attention to the fact that the indictment failed to disclose which of several obligations of the United States the item in question was an imitation. Bond was set at $250, for Barrett to appear at the October term of court. Judge Amidon said authorities on the subject were not har- monious and the case called for careful consideration. The sev- eral statutes relating to counterfeiting of notes in the charter of the second Bank of the United States, the treasury note acts of 1837 and 1857, the greenback acts of 1862 and 1864 as they developed into Section 5430 of the Revised Statutes were cited. lie discussed various phrases used in the indictment and the law: "in similitude of," "pass, utter, publish or sell," and "with intent to use." The U.S. Treasury Department informed him that approximately one hundred monetary instruments of various designs had been issued by the United States. To qualify under Section 5430, the judge said, the instru- ment in its inception must have been engraved and printed to simulate a security document issued by the United States. "Something more than general appearance or adaptability to deceive is required;" the general likeness which one form of paper money bears to another is not sufficient. The facsimile Confederate failed that test, therefore the indictment charged no offense against federal statutes and the motion to quash was granted. Frank Blackhawk: Accused murderer and horse thief; and green goods victim. (Courtesy, State Historical Society of North Dakota.) (Continued on page 238) dit• , /-Z , Paper Money Whole No. 186 Page 235 McKinney, Williams Company by I01 N ROWE fr,t- ./oee9_ oz -t%4 /f-c) Handwritten bonds, with McKinney & Williams as agents, were issued in denominations of $1,000, $3,000, $5,000 and $10,000; the wording of each is the same. The bonds were authorized as part of an ordinance and decree passed by the provisional ,government of Texas on January 8, 1836. if , ft.41.14-00''LV E ST 0 N /4/ ////f FIFTY CENTS //./ /%/ii/r// //// /r/if //itt/ttA/litt/t:t it/ i it/ ..%/1/t Y:1 /tit . GONE STOIV A sio r,ivritr/41, r_f_Laclaut 4/„/ //,),; Twenty Five ///./7777///' ///77/(//.//..a.J/7/7/7i GALVESTON' . _ /7' //f/ IV I`1 V'(' Cell 1 S //, i(/// /hit 7/(7 77/// . /////ii://. /1,//4./ /7/ ( // i //V' /// -//// '7:1//'// . ^liltIl I M1 1 111 • N9 au. =alt .. t (1 ,,/„7 mr.F• !c'!' Page 236 Paper Money Whole No. 186 The following is based on an exhibit that Mr. Rowe showed at the Memphis International Paper Money Show in 1995. M cKINNEY, Williams and Company was founded byThomas F. McKinney and Samuel M. Williams in 1834 at Quintana and moved to Galveston in 1838. The largest commission-merchant firm in early Texas, it controlled much of the cotton trade at Houston and Galveston and dealt extensively in land, banking, and industrial and town promo- tion. The firm aided the government of Texas during the revo- lution by issuing notes to circulate as money. Although neither McKinney nor Williams was wealthy in his own right, each had good credit and wealthy connections in the United States. On their private credit they were able to advance to the Re- public of Texas more than $150,000. At one time McKinney, Williams and Company owned more than one-fifth of the city of Galveston. The firm was one of the first to open internal navigation in the Republic, and before the revolution their steamers, the Laura and the Yellow Stone, The portrait of Samuel May Williams hangs in the Williams house in Galveston. (Courtesy, Rosenberg Library, Galveston, Texas) This sheet of three notes is considered to be unique. It was prepared by the sante companies that were credited on the sheet of Jour notes. Page 237 Paper Money Whole No. 186 rmaxamsamaumautau- GALV ESTON isis: =r1r2lx , „Yitt fi,W.4,.\,,i)C4 l?4 lt04 /7 /2)////// ////// 1 (DaDI //////i / _ . v‘,/.77,,7'i /7/ 77;7 if .77/A w/f 7///,/ //a/:///7/7•7 77/, w 77,, ///7,//i 7.W.'77.' 7. 7 3 40432011.0 rrna.22343 1.1' 0-,-- GALV ESTON :04'. =tap= i01,11; (\Lisa ,///,7;" , 2 ///);, , ,,/Ay/,///f;. /7///7,v, /7/ /7/7 7. ,/ f. -1):1 ,6(.,T.Stir111310"1111717Tit.1-4.,YOF= GALVESTON Y. , 13, DL, /////,././//// 917 VAN //;/ /7/ ( /% i/'/// '//ty //////i.i, 7//// •/// // /' ./ // CAMS-VOA • Nik "=11:1V0 t NO63 A Ta rk- )/ /7;7 1,1 ti" //'/, /( /; /// // / /// A'//// :474.'i 7/. %/i / /1/7///// //// tj.; /7/ / //';' // This unique sheet was printed by Danforth, Underwood Co. (1839-1843), which succeeded Underwood, Bald, Spencer S, Nulty (1837-1839). The engraving was probably done by C.C. Wright and Samuel Stiles. Page 238 Paper Money Whole No. 186 GONNSTON /if / if ////../( 4/.77 ' , .. ,, „„.' F"y, iv . /ff., %/ / Twent V Five ('ettis/Nite:/•/..../ /2/.1,17V/if /1/./..////.: ////,,,,/,/,, 7.7(;/././.../fw ',. ./. ...1e-... .., ,„, . -',. '.- -" /C.2 A. mat= vllaticau 11111111111111I 111 - _-111L- 111:--- 'FIT7 ) --IIIE-IIIEII1=111 CONSOLIDATED FUND OF TEXAS. II ..."711:111 4_"...3==__. ---f.=.-.1 - 111 ,-- ,o0 111E- —111 4 -111 1--4 --1 1 1- II t _-,- -_-,-m -E-Iii '=) 111 111=- Ilir - l l .1Pr 111E-c11 111 111-- =1H Z =11 1111-= E-, 111=-- 111 111 III= -'1 111=-=lilt L)44- ElIF111=- - -,Ti 1111-=_ ,-4 111=- E111 (4 =- 111 Illa.- 111E 111 p. =7111 111 -7-= 111E 111 -lil 111 - — '111-= - 111=-11E11=-111111=-E111-=.-111 -_111:+-_, ,. < 4 ; „, ,, 7 /7(e.-:•• if" ,,,..- 4,.. ./ grolit4t4 enade'd "/ ''''' ' - his heirs, executors, administrators or assigns to ONE SHARE of the sum of ONE HUNDRED [DOLLARS, in the CONSOLIDATED FUND Or TOKili, created by an act of Con- gress entitled "An Act to authorize :he consolidation and funding of the public debt," passed on the 7th day of June, 1837. /) i'.% / /K,./.4 , De- cember 18, 1994.) y 1.1:1)1:1;.1 NI)11 Page 242 Paper Money Whole No. 186 $10 F EDERAL RESERVE NOTEARMING SCENE IDENTIFIED by MARK HOTZ Y pure chance, I am able to provide to the SPMC read- ership the identity of the farm scene on the back of the $10 1914 Federal Reserve notes (F892-951 & 1 -16 I 8-619 ) and the 1915 1918 $10 Federal Reserve Bank notes (F810-821 & 11620). Recently a dealer in York, Pennsylvania, showed me a fa- miliar $10 1914 Federal Reserve note, and, playing on my role as co-instructor of the tI.S. Paper Money course at the A.N.A. Summer Seminars, added that he knew something about it that I did not. Never wanting to miss an opportunity to play along, I added dryly, "1 doubt it." Not only was I pleasantly wrong, but I gleaned the rare information 1 give to you now. Turning to the back of the note, and pointing to the familiar farming scene on the left side, he noted, "This vignette . . . why it's a farm just down the road." I le then produced a large, but yellowed photograph of that same scene, accompanied by a tattered and similarly yellowed newspaper article, undated and unidentified as to newspaper, but circa 1920. The article car- ried a photo of that same scene on the back of the $10 note. It read as follows: COUNTY FARM SCENE ON 10-DOLLAR NOTE Federal Reserve Bill Shows Harvesting on Philip A. Small Acres Original in Washington 'lie fact that a reproduction of a landscape view, photo- graphed in York county, adorns a ten-dollar federal reserve note is, no doubt, known to few if any of the citizens of York and York County—even the favored few who are ac- customed to handled [sic] bills of the denomination pro- miscuously. Such is the case, however. The discovery was made recently by Frank C. Ashbrook, a former York boy, who is employed in the biographical survey department in Washington. Ashbrook, during a recent visit to the office of 1.H. Stevenson who has charge of a collection of photographs taken by photographers for the Department of Agriculture, noticed a beautiful hand-colored landscape photograph about the official's desk. Ashbrook, impressed with the fa- miliarity of the view, made a closer inspection and ascer- tained that the photograph had been taken on the farm of Mrs. Philip Small, in Manchester Township. Upon being informed that Ashbrook had on several oc- casions visited the Small farm, Stevenson inquired as to whether Ashbrook knew that the view had been reproduced upon a ten-dollar bill issued during the first year of the World War. He then stated that the view had been taken July 9, 1907, by a photographer from the office of farm management, Washington. 'The photograph is a harvest scene and shows a binder on the Small farm in operation. When the new money issue was authorized this view was selected to be placed upon the federal reserve note. Since the photographing of United States currency is pro- hibited by law, it is not possible to print a picture of the bill. The accompanying cut, however, is a reproduction of the original photograph from which the engraving was made. Frank B. Ashbrook, who was graduated from the local high school in 1910 and from Pennsylvania State College in 1914, is a son of Mrs. Sarah R. Ashbrook, 158 Lafayette Street. During the past several years he has been employed in various capacities to the United States Department of Agriculture. Manchester Township is located in southern York County, Pennsylvania, along the border with Maryland. As the other scene which adorns the back of the $10 1914 note has been previously identified as Industry, a mill scene, in Joliet, Illi- nois, the identification of the farm scene as the Small farm in Manchester Township, York County, Pennsylvania completes the identification of the vignettes on this note. Who says you can't find a needle in a haystack? My thanks to Robert Faust of Faust's Coins in York for bringing this to my attention. B IOGRAPI-IICAL information about engravers is often difficult to find, especially letter and script engravers, who did not receive the accolades that most often went to portrait and vignette engravers. The few words that follow will add a little to what is known about three letter engravers named Rose. Notwithstanding, you will see for the first time the art work that accompanied the application that was sub- mitted by George LI. Rose, Ir. to the Bureau of Engraving and Printing (REP) on 18 June 1883. Mr. Rose began his apprenticeship on 5 July 1883, and was named an engraver on 1 April 1886. During his time at the BEP Mr. Rose contributed to the lettering on the following bank notes: B Sam les arcitutng t y Geo Jr /it N S tt rat !leant hg 4 .4 tribune. Paper Money Whole No. 186 Page 243 Roses at the BEP by GENE HESSLER Silver Certificates Treasury (coin) Notes $ 1 Series 1896 $1 Series 1890 $5 Series 1899 $2 Series 1890 $20 Series 1891 $10 Series 1891 $100 Series 1891 $50 Series 1891 $1,000 Series 1891 $100 Series 1890 $1,000 Series 1890& 1891 Gold Certificates $10 Series 1907 & 1922 $1,000 Series 1907 & 1922 "Samples of drawing by Ceo. LI. Rose, Ir., May 10, 1883" is seen abo ve this example of lettering that was submitted to the BEP. Edwin G. Rose, also a letter engraver, is the son of George 11. Rose, Sr., and therefore is probably the brother of George LI. Rose, Jr. Edwin G. Rose was horn in Washington, DC on 6 This ornate drawing of a bird, submitted with Rose's application, was modeled alter another bird that leas placed On 0 piece of Cent City Business College currency. D. Musselman is identified as the "penman" on the $1000 note dated September I, 1875 that was used at this Quincy, Illinois school. This college currency is illustrated on p. 72 in College Currency by 1 and m. Schingoeihe, ed. by N. Shafer, published by BNR Press. George U. Rose, Ir. was born in Washington, DC in 1865; he retired from the REP on 31 March 1922. I believe him to be the son of George LI. Rose Sr., who was born in New York City in 1843 and served as Assistant Bureau Chief in 1884. During his years as an engraver the senior George LI. Rose contributed to the lettering on the following silver certificates: the $2 notes Series of 1899, and the $20 notes Series 1886 and 1891. February 1871. lie began his apprenticeship at the REP on 1 July 1891. This engraver was employed at the REP intermit- tently between 1892, when he was named an engraver, and 1924. During his time at the REP he worked with George U. Rose, Jr. on the backs of the $10 treasury (coin) notes, Series of 1890. There will be more about some lesser-known engravers in these pages in the future. ■ Page 244 Paper Money Whole No. 186 The GRANGE NATIONAL ANKS OF PENNSYLVANIAIDS by BOB COCI IRAN HERE are many facets of paper money that can catch and hold the interest of collectors; among my favor- ites are notes that bear the unusual and topical names that were chosen by banks throughout the United States. I wrote several years ago about the group of National Banks that were chartered and operated by labor unions. The largest of these was the "Brotherhood of Locomotive Engineers Co-Operative National Bank of Cleveland", probably best-known to paper money collectors because its title was the longest used on large- size national currency; other of the union-operated banks used simpler titles, including "Labor National Bank", "Brotherhood National Bank", etc. The "Patrons of Husbandry" Another group of national banks that has always interested me are the several "Grange" titles from Pennsylvania. The word "grange" is defined by Webster as "a farm with its dwelling house, barns, etc.", and specifically as "the Patrons of Hus- bandry, an association of farmers organized in the U.S. in 1867 for mutual welfare and advancement." Just like labor, farmers organized to provide better opportunities for themselves. Much of Pennsylvania is farmland, so it is no surprise that the Penn- sylvania State Grange was a large and successful organization. As will be seen later, there were local Chapters throughout the state. The First Banks Chartered by the Pennsylvania State Grange About three years ago I visited the National Archives in Wash- ington, and looked through the records of some of these banks in the files of the Comptroller of the Currency. These files con- tain the various correspondence of the banks and the Comptroller's office, as well as the forms and documents that were furnished to the Comptroller when the banks were orga- nized. These files provided the answer as to why and how these banks were organized, and why they utilized (in most cases) the word "Grange" in their title. These banks were all orga- nized by the Pennsylvania State Grange. The first record is found in the files of the Grange National Bank of Tioga, Pennsylvania. A letter dated December 18, 1905 reads as follows: Dear Sir:— I beg to hand you herewith an application for the organization of a National Bank to be established in the town ofTioga, Tioga Coun- ty, Pa. This is the first of a series of Banks to be located under the auspices of, and supported by the Grange of Pennsylvania. The Stock of this Bank will be distributed so widely as to insure its success. The town ofTioga is a prosperous Country Town. It has twelve stores, five churches, a large Tannery, a Planing Mill, etc. The population is about 650 with a large surrounding territory to draw from. The total Grange membership in the County of Tioga is 5,000 members. They will be educated to patronize this Bank. There are thirty-eight sepa- rate Grange organizations in the County. Every Treasurer will deposit his account in this Bank. The business men of the Town of Tioga have all subscribed to the Stock and pledged their support to the institution. So there is no ques- tion but what all conditions are exceedingly favorable for a successful Banking Institution of this small capitalization. My personal interest in the matter is due to the fact that I am a member of the State Grange and actively identified with its manage- ment. Should you desire any further detailed information, will be pleased to give you any information I can. Kindly give the matter your early attention, and oblige. The letter was signed by John G. McHenry, of Benton, Penn- sylvania. It was accompanied by an application to organize a national bank with the title "The Grangers First National Bank of Tioga." The signatures of the applicants included that of John G. McHenry, who listed himself as a "Mfgr+Banker," and stated his financial strength was $500,000. Another applicant was W.F. Hill, who listed himself as a farmer and Master of the Pennsylvania State Grange. The "small capitalization" that Mr. McHenry referred to was $25,000. The application was approved on December 20, 1905, and charter number 8092 was assigned to "The Grangers First Na- tional Bank of Tioga, Pennsylvania." But an announcement from the Treasury Department, dated February 15, 1906, which ran in The Tioga Argus, indicates that the word "Grangers" was shortened to "Grange," and the word "First" was deleted from the bank's title: WHEREAS by satisfying evidence presented to the undersigned, it has been made to appear that "The Grange National Bank of Tioga," in the Borough of Tioga, in the County of Tioga and State of Pennsylvania, has complied with all the provisions of the Stat- utes of the United States, required to be complied with before an association shall be authorized to commence the business of Bank- ing.... T Page 245 Paper Money Whole No. 186 The Grange Charters More National Banks The Pennsylvania State Grange, in the person of John Mcl-lenry, continued to organize national banks. A letter from McHenry to the Comptroller of the Currency, dated February 16, 1907, states: I have the stock nearly all subscribed for the establishment of a Grange National Bank in Chester, Huntingdon, Potter, Susquehanna and Center Counties in Pennsylvania. Please forward me at once five full sets of organization papers. I do not merely want the original application forms but I want a full and complete set so that I may complete the entire organiza- tion at one meeting for each place. These banks are being organized under the auspices of the Penn- sylvania State Grange. We have already established three as fol- lows: The Grange National Bank of Tioga, Tioga, Pa. 180921 The Grange National Bank of Patton, Patton, Pa. [82331 The Farmers & Traders National Bank of Clearfield, Clearfield, Pa. 18464] Your records will doubtless show the degree of success which has attended their establishment thus far. The stock holder mem- bership of these banks represent many of the most stable men of the counties where located and the fraternal pulling force which we have from the Grange patrons insures the paying support of these banks beyond any question of doubt. The management in every instance is perfected with the greatest care. Promoters and speculators are not permitted in a single instance to get on our Board of Directors or become stock holders. After we have a sufficient number established we will employ an expert national bank examiner to take charge of the entire se- ries of banks, to make regular and expert examinations in addition to the examinations from your department and we feel that the project is being safe guarded at every step. I have been appointed by the state Grange as superintendent of this department which accounts for my personal activity in the matter. As Congressman Elect from my district I will probably be in Washington the latter part of the month and will be pleased to call on you in person, when I will be glad to receive from you any advice or suggestions you may have to offer. Kindly send the five full sets of papers as above requested and greatly oblige. A letter to the Comptroller dated August 14, 1907, is on stationery of the Pennsylvania State Grange ("Patrons of Hus- bandry"), showing John G. McI lenry as "Superintendent, Na- tional Banking Department." Some Humorous Incidents The organization of the Grange National Bank at Patton, Penn- sylvania, was delayed for a time because the National Bank Examiner assigned to investigate the organizers, W.I. Robinson, was unable to obtain any financial information about them. The Comptroller's office sent a telegram to him at Lancaster, Pennsylvania, about this subject on February 9, 1906. The message was partly in code: Information desired F.N. Sheehan and others who desire Hank Gelding Patton pomp later. Someone translated part of the message, by drawing an ar- row to "pomp," and writing in, "will be forwarded." But who or what was "Hank Gelding"? A telegram from Robinson to the Comptroller, dated March 8, 1906, was transmitted entirely in the strange code: Pegasus nude amerous hansard gelding patton pollock make demon epode. Fortunately, the message was entirely decoded before it was handed to the Comptroller, so we see that Robinson was still having problems getting his information: Unable to ascertain standing applicants organizing national bank Patton. Will make further inquiry. So we see that "hansard gelding" referred to "organizing a national bank". But do we have a first—did Robinson use "slang" in his first coded message by substituting "Hank Geld- ing" for "hansard gelding"? Another interesting letter was sent to the Comptroller on July 18, 1907, from E.B. Dorsett. Dorsett was another officer of the Pennsylvania State Grange ("Lecturer"), and president of a bank being organized in Mansfield, Pennsylvania. It em- phasizes that these people were primarily farmers, not bank- ers, and very inexperienced in the banking business: I would be pleased if you would advise me as to the best method of purchasing Bonds, the best kind to buy etc. Will we be required to purchase Bonds covering the amount of our Capital Stock, or only the amount asked for in our order? The president of the Grange National Bank of Bradford County at Troy, Pennsylvania was an E.E. Van Dyne. On No- vember 8, 1907, he sent the following inquiry to the Comp- troller: Owing to the scarcity of currency the question has come up with our people in regards to our circulation. We have our charter and have complied with all the requirements. But our building is not ready. We purchased $40,000 bonds for circulation and have the currency on hand. As there seems to be a difference in opinion I am writing you for information. While not open for business would the Grange National Bank, of Bradford County, Troy, Pa., have any right to sign up their circulation or any part of it and place in circulation. Other correspondence regarding the organization of The Grange National Bank of Chester County at Downingtown, Pennsylvania provides us with a humorous exchange. National Bank Examiner Frank E. Patterson received the following re- ply from D. Duer Philips, cashier of The National Bank of Kennett Square, Pennsylvania, in response to his request for information about one of the organizers: Your inquiry is received. The party in question has no property. He does everything with money belonging to his wife. If she says p_ky, of course payment is made. If she does the other thing there is no method of collecting. I speak from personal experience. Our Asst. Cashier married his daughter. Patterson's report to the Comptroller, which accompanied the letter from Philips, included the following statement: "Mr. Philips' opinion may be somewhat biased by some local & personal matter." Iliad 4. 41 ealr - Page 246 Paper Money Whole No. 186 On January 15, 1913, the president of the Grange National Bank of Clarion County, Sligo, Pennsylvania wrote to the Comptroller informing him that the bank had voted to change its name to Sligo National Bank. The letter included an order for plates and circulation ($10-$10-$10-$20) for the new title. The president also asked the Comptroller to "kindly advise me as to what number of sheets we should ask to have printed." Interestingly, the letter was written on stationery of the First National Bank of New Bethlehem, Pennsylvania. It is readily apparent that these folks felt that all they had to do was have a vote and order new notes. The response from the Deputy Comptroller (Thomas P. Kane, very much a "no-nonsense" kind of guy) spelled out the procedure required: The receipt is acknowledged of your letter of January 15, with in- closure Isich relating to the contemplated change in corporate title of The Grange National Bank of Clarion County to The Sligo Na- tional Bank.' Before any action can be taken in connection with the change of title, and before you are authorized to use the new title in any papers, etc., a certificate of approval must have been issued by this office and your bank advised of the taking of such action. From this statement you will understand that nothing can be done at present in regard to the printing of new circulating notes and that the present title of the bank should be used in the oaths of direc- tors to which you refer. On October 4, 1912, blanks to be executed and forwarded to this office were mailed to Mr. H.M. Rimer, Vice President. These included a form of resolution for adoption by the shareholders representing at least two-thirds of the stock of the bank and a reso- lution for adoption by the directors authorizing the assignment of the bonds to the bank under its new title. Additional blanks are inclosed [sic[, and upon returning them to this office, duly ex- ecuted, they should be accompanied by the Treasurer's duplicate receipt for the securities, together with an order for the engraving of a new plate and the printing of notes therefrom. In this order you should indicate the plate desired but it is not necessary for you to state the number of sheets of notes desired as that will be attended to by this office. Your letter is written on the stationery of the First National Bank of New Bethlehem, Pa., and in this connection you are requested, in future, when corresponding with this office, to use the station- ery of the bank relative to which the communication relates and thereby avoid confusion. I was unable to determine the exact number of national banks organized by the Pennsylvania State Grange, but there were at least thirteen. This includes twelve which used "Grange" in their title, plus the Farmers & Traders National Bank of Clearfield, mentioned by Mr. McHenry. With the exception of the Grange National Bank of McKean County at Smethport, the notes of these banks are decidedly rare. 8092—Grange National Bank of Tioga. Opened in February 1906; liquidated in 1943. [Issued large- & small-size notes] 8233—Grange National Bank of Patton. Opened in May 1906; closed on September 11, 1928, and consolidated with the First National Bank of Patton. [Issued large-size notes only] 8464—Farmers & Traders National Bank of Clearfield. Opened in December 1906; liquidated in November 1912. [Is- sued large-size notes only] 8591—Grange National Bank of McKean County at Smethport. Opened in March 1907; title changed to Smethport National Bank in July 1944. [Issued large- and small- size notes] 8646—Grange National Bank of Chester County at Downingtown. Opened in April 1907; consolidated with Downington National Bank in 1932. [Issued large- and small-size notes 8739—Grange National Bank of Potter County at Ulysses. Opened in June 1907. [Issued large- and small-size notes] 8831—Grange National Bank of Mansfield. Opened in Au- gust 1907; placed in voluntary liquidation in 1918. [Issued large-size notes only] 8845—Grange National Bank of Wyoming County at Laceyville. Opened in August 1907. According to Moody's this bank was still in operation in 1980. [Is- sued large- and small-size notes] Million Dollar Buying Spree Currency: Nationals MPC Lg. & Sm. Type Fractional Obsolete Foreign Stocks • Bonds • Checks • Coins Stamps • Gold • Silver Platinum • Antique Watches Political Items • Postcards Baseball Cards • Masonic Items Hummels • Doultons Nearly Everything Collectible80- SHOP EST. 1960 INC l'••1491.•%71.444e," SEND FOR OUR COMPLETE PRICE LIST FREE 399 S. State Street - Westerville, OH 43081 1-614-882-3937 1-800-848-3966 outside Ohio • X,1,1711 t■Tt7;114.2 Ufa Member a • / / fra /%1' ,- 644i[2nit444 a.;; "*X.ftri) I COLLECT MINNESOTA OBSOLETE CURRENCY and NATIONAL BANK NOTES Please offer what you have for sale. Charles C. Parrish P.O. Box 481 Rosemount, Minnesota 55068 (612) 423-1039 SPMC LM114 — PCDA — LM ANA Since 1976 $1 Et41/T.t. •stjur //e /e/e7FLIZEMBEEthl- e, 1/1 e ,/ Paper Money Whole No. 186 Page 247 8849—Grange National Bank of Bradford County at Troy. Opened in August 1907; absorbed by First National Bank of Troy in 1932. [Issued large- and small-size notes] 8924—Grange National Bank of Lycoming County, Hughesville. Opened in October 1907. According to Moody's this bank was still in operation in 1980. [Is- sued large- and small-size notes] 8946—Grange National Bank of Clarion County at Sligo. Opened in November 1907; title changed to Sligo National Bank in 1913. Placed in voluntary liquida- tion in 1954; absorbed by First Seneca Bank and Trust Company, Oil City, 1956. [Issued large-size notes un- der first title, large- and small-size notes under sec- ond title] 9110—Grange National Bank of Spartansburg. Opened in April 1908; placed in voluntary liquidation on November 13, 1934. [Issued large- and small-size notes] REFERENCES: Kelly, D. (1985). National bank notes; A guide with prices. Second Edi- tion. Oxford, OH: The Paper Money Institute. Correspondence files of the Comptroller of the Currency. National Archives, Washington, DC. Moody's bank & finance manual. (1980). Moody's Investors Service, Inc. New York. Webster's new world dictionary. (1982). New York: Simon and Schuster. NOTICE New Address for Editor Gene Hessler P.O. Box 31144 Cincinnati, OH 45231 NOTICE Call for SPMC Nominations The terms of the following governors will expire in 1997: C. John Ferreri, Ron Horstman and Steve Taylor. If these gover- nors wish to run again, and if any new candidates aspire to serve, they should contact Wendell Wolka, P.O. Box 569, Dublin, OH 43017. Nominating petitions (and accompanying letters) MUST BE RECEIVED BY JANUARY 15, 1997. Candi- dates are placed on the ballot in the following manner: (1) A written nominating petition is submitted, which has been signed by ten current members; (2) An acceptance letter from the person being nominated is submitted with the petition. Biographies of the nominees and ballots for the election will be included in the March/April 1997 issue of PAPER MONEY. The ballots will be counted at Memphis and announced at the SPMC general meeting held during the International Paper Money Show. First-time nominees should send a portrait and a brief biog- raphy with their petition. Unless new information is sent, the editor will use the same portraits and biographies of those who seek a subsequent term as governor. Page 248 Paper Money Whole No. 186 Minutes of the meeting of the SPMC Board of Governors, Saturday, June 22, 1996, Holiday Inn Crowne Center, Memphis, Tennessee. Meeting called to order by President Dean Oakes at 8 AM. In attendance:Tim Kyzivat, Wendell Wolka, Steve Taylor, John Fererri, Gene Hessler, Judith Murphy, Roger Durand, Milton Friedberg, Ronald Horstman, Bob Cochran, Raphael Ellenbogen, John Jackson, Frank Clark, Steve Whitfield. Guests included Richard Balbaton, Greg Ruby and Roman Latimer. The minutes of the previous board meeting during the CPMX in Chicago were mailed to all board members. The minutes were approved as mailed. Secretary Bob Cochran indicated that the current membership is 1673. Treasurer Tim Kyzivat indicated that his annual report would be sent to all board members at the end of the month. Gene I lessler reported that a roll offilm he took which com- pleted the slide presentation project had been lost in the mail. Gene indicated that he would hopefully have the project com- pleted by the time of the ANA show, and might be able to present it at that show. Raphael Ellenbogen produced a set of slides consisting of nearly all the types and designs of large-size U.S. currency, and proceeded to donate them to the Society. The board extended its thanks on behalf of the entire SPMC membership to Ray for his generous and thoughtful gift. A discussion followed regarding the availability of the slide sets. We plan to create several sets and to make them available for use by local groups through the SPMC. Librarian Roger Durand indicated that the SPMC Library is "up and running," and that a complete set of PAPER MONEY has been hard-bound; Roger generously contributed not a few issues of his own to complete the set. He also indicated that many issues of the Essay-Proof Journal and Bank Note Reporter have been bound. Judith Murphy reported on the Friday morning breakfast, and indicated that there were a few minor problems; but on the whole the turnout and the breakfast was a success. A dis- cussion followed regarding the possibilities for 1997, but it was agreed that a breakfast function is the most practical choice; a related discussion covered the number of seats reserved, cost of tickets, and sale/distribution of tickets for next year. It was agreed that the Breakfast Committee would establish the ground rules for 1997. Ronald Horstman expressed the opinion that the Tom Bain Raffle has lost its original purpose. He stated that SPMC should price its tickets equal to the cost of the breakfast, so the pro- ceeds of the raffle could be used for another purpose. A discus- sion was held regarding the cost of the breakfast and the raffle. A motion was offered, seconded and passed establishing a committee to examine the costs of the SPMC Breakfast, Tom Bain Raffle, ticket sales process and related issues, and to re- port any suggestions or recommendations as to improve the process. The committee is to report to the Board by the PCDA Show in St. Louis in October. The initial members of the com- mittee are Mike Crabb, Judith Murphy and Wendell Wolka. President Oakes reported that the sales of the Huntoon book are moving along. We have sold over 200 of the 1,000 copies printed. Dick Balbaton stated that he and others would like to sell the Huntoon book, but that a wholesale price level would need to be established in order for them to at least meet the cost of selling and shipping the books to customers. It was felt that advertising the book in commercial publica- tions, including the FUN Show publication, and publications mailed to libraries, would result in some additional sales at the list price. The break-even point for SPMC on the hook is the sale of 400 copies, and it was felt that this level of sales should be reached before we consider wholesaling the hooks. Ron Horstman indicated that he found a reference in an old copy of PAPER MONEY that D.J. Levitt had donated a set of photographs to SPMC, which illustrated #1 sheets of 1929 national currency notes. Ron questioned where these photo- graphs are. Dean Oakes speculated that these might possibly be in some effects which M.O. Warns gave the Society. Gene Hessler indicated that he had a box of material from Warns, and that he would go through it and look for the photographs. Ron Horstman asked about the status of the 1929 Nation- als Project. Horstman, Frank Clark and Dean Oakes all stated that they had recently written to Tom Snyder and had not re- ceived a reply. President Oakes indicated that he would ask John Wilson to contact Tom Snyder about this matter and re- port back to the President. Judith Murphy announced that she had arranged for SPMC to host a meeting at the FUN show in Florida. She volunteered to sell copies of the Huntoon book at that show at her bourse table. This offer was gratefully accepted. A discussion was held about SPMC having a table at the ANA Show; however, the requirement that there be someone at the table throughout the show are a problem for SPMC. A discussion was held regarding the possibility of reimbursing an SPMC dealer member part of the table fee in exchange for representing SPMC. It was agreed that signs and banners would help to attract new member candidates at the show. The meeting was adjourned at 9:10 A.M. Bob Cochran, Secretary Awards at the 1996 Denver ANA The following paper money exhibitors were recognized by the American Numismatic Association in August. U.S. Paper Money: 1st, Bill Horton, "Two-Dollar Note Types, 1862 to Present." There were no 2nd and 3rd place awards. Obsolete Paper Money in the U.S.: 1st, Gerald L. Kochel, "May 9, 1776, Issue of Continental Currency"; 2nd, Phil Iverson, "Huntington Hotel Depression Scrip"; 3rd, Richard Allen, "Hey Buddy, Can You Change a $7." World Paper Money: 1st, Hanna Paatela, "The Ruling Gen- erals of Mexico on Bank Notes, 1519-1853'; 2nd, John E. Zabel, "Prague on the Bank Notes of Czechoslovakia"; no 3rd place award. Western Americana: 1st, Phil Iverson, "Numismatic Vi- gnettes of Our Western Heritage." Young Numismatic Paper Money Award: 1st, Roman Martinez, "1929 National Bank Notes from the 1st National Bank of Fort Collins, Colorado." There were no 2nd and 3rd place awards. The following people received special recognition from the ANA. The Outstanding Government Service Award went to Burnett Anderson, the Glen Smedley Award was bestowed on Judith Murphy; Medals of Merit were given to Ken Hallenback and Donn Pearlman. The Catherine Sheehan Literary Award for U.S. Paper Money Studies went to Gene Hessler for his column, "Notes on Paper" in The Numismatist since 1992. NEW MEMBERSHIP COORDINATOR NEW Frank ClarkP.O. Box 117060Carrollton, TX 75011 MEMBERS Paper Money Whole No. 186 Page 249 The Numismatic literary Guild recognized some paper money people. Colin R. Bruce II, George S. Cuhaj and Neil Shafer for the Standard Catalog of World Paper Money. Fred L. Reed III for "Civil War Encased Stamps." Robert van Ryzin for "The Ill-Fated 'Hoodoo Bill, — in Coins Magazine, and "Boggs Exhibit Opening" in the Bank Note Reporter. 9142 Neal M. Faulkner, 4421 S. 51st St., Greenfield, WI 53220; C, CSA and southern states. 9143 Larry E. Salefski, 343 Dawson Rd., Decatur, IL 62521-5711; C, U.S. 9144 Marion S. Gilchrist, 202 S. Magnolia, Woodville, TX 75779; C, Col. notes. 9145 Rex Grey, 3639 Maroneal, Houston, TX 77025; C. 9146 Jim Strife, 614 S. Bittersweet Ln., Lansing, KS 66043; C&D, $2 U.S. 9147 Casper W. Migas, 11 Zittel St., Buffalo, NY 14210-2420; C, NBN, gold cert., $500 & $1000 FRNs. 9148 Harry A. Schools, 1606 S. Newkirk St., Philadelphia, PA 19145; C, sm. size H.S. and world since 1900. 9149 Dennis Schafluetzel, 1900 Red Fox Ln., I lixon, TN 37343; C, fract., NBN, CSA. 9150 William G. Everett, 226 N. Pitt St. Apt. B, Mercer, PA 16137- 1133; C, ll.S. nat. 9151 Kenneth W. Fabian, 4787 Cardin St., San Diego, CA 92111- 1416; C. 9152 Edward A. Dumetz, Jr., 4971 Vista De Oro Ave., Los Angeles, CA 90043-1653; C, sm. size $1 FRNs. 9153 Jeanne Cratch, 2300 NW Vinland View, Poulsbo, WA 98370; C. 9154 James A.L. Miller, Ir., 2810-K Carriage Dr., Winston-Salem, NC 27106-5328; Bk. of Cape Fear, Bk. of Wilmington. 9155 Rick Carter, 1343 Countryside Dr., Findlay, OH 45840; C, lg. size tl.S. mom:OP mart Paper Money will accept classified advertising from members only on a basis of 15e 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 ma- terial and disposing of duplicates. Copy must be non-commercial in nature. Copy must he legibly printed or typed, accompanied by prepayment made pay- able to the Society of Paper Money Collectors, and reach the Editor, Genellessler, P.O. Box 31144, Cincinnati, 01145231 by the first of the month preceding the month of issue (i.e. Dec. 1 for Jan./1 1 eb. issue). Word count: Name and address will count as five words. All other words and abbreviations, figure combina- tions and initials count as separate. No check copies. 10% discount for four or more insertions of the same copy. Sample ad and word count. WANTED: CONFEDERATE FACSIMILES by U pham for cash or trade for FRN block letters, $1 SC, 11.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) NEW JERSEY—MONMOUTH COUNTY obsolete bank notes and scrip wanted by serious collector for research and exhibition. Seeking is- sues from Freehold, Monmouth Bank, Middletown Point, Howell Works, Keyport, Long Branch, and S.W. & W.A. Torrey-Manchester. Also Ocean Grove National Bank and Jersey Shore memorabilia. N.B. Buckman, P.O. Box 608, Ocean Grove, NI 07756. 1-800-533-6163. (191) WANTED: NEW YORK FOR PERSONAL COLLECTION. TARRY- TOWN 364 & 2626, MOUNTVERNON 8516 & 5271, NIANIARONECK 5411 & 13592, Rye, Mt. Kisco, Hastings, Croton on Hudson, Sommers, Harrison, Sing Sing, Ossining, White Plains, Irvington, Bronxville, Ardsley, Crestwood, New Rochelle, Elmsford, Scarsdale, Larchmont, Portchester, Tuckahoe, Mt. Vernon, Peekskill, Pelham, I lartsdale, Chappaqua. Send photocopy, price: Frank Levitan, 4 Crest Ave., Larchmont, N.Y. 10538-1311, 914-834-6249. (187) STOCK CERTIFICATE LIST SASE. Specials: 50 different $19. five lots $75. 15 different railroad stocks, most picturing trains, $20. five lots $80. Satisfaction guaranteed. Always buying. Clinton Hollins, Box 1 12- P, Springfield, VA 22150-0112. (190) NYC WANTED: Issued NYC, Brooklyn obsoletes; issued/unissued ob- soletes from locations within present-day Manhattan, Brooklyn, Bronx, Queens, Staten Island. Steve Goldberg, Box 402, Laurel, MD 20725- 0402. (192) WW II MILITARY CURRENCY MY SPECIALTY! Periodic price lists for 554 SASE; MPC, Philippine Guerilla, Japanese invasion, world coins-paper-stamps, H.S. coins-paper-stamps, Confederate, obsoletes, FRN, stocks-bonds. 702-753-2435. Edward B. Koffman, P.O. Box 6039- S, Elko, NV 89802-6039. (186) WANTED—Autographs, Documents, Letters, Slave Related Items, Etc. Revolution through the Civil War. Richard T. floober, Jr. P.O. Box 3116, Key Largo, FL 33037. FAX or Phone (305) 853-0105. (188) $1 Silver Certifiates Wanted from Series 1928 to 1934. I especially want star notes and scarce blocks. Frank Bennett, P.O. Box 8722, Port St. Lucie, FL 34985. (188) For sale: LARGE SELECTION OF MAINLY RUSSIAN NOTES AND PAPER COLLECTIBLES. M. istomin, P.O. Box 2020, 310202 Kharkov, Ukraine. (189) WANTED: OBSOLETE NOTES WITH VIGNETTES OF BAREBACKED HORSES, especially running horses. Please send photocopies of what you have to offer. I would also like to correspond with those inter- ested in horses on obsolete notes. David Knower, Rt. 1, Box 218, Ferryville, WI 54628. (188) WANTED: DROVERS Deposit NB Chicago 6535, Drovers NB Union Stock Yards Lake, IL 2858, Drovers NB of KC, MO 9560, Farmers and Drovers NB Somers, NY 1304. Al Sundell, Box 1192, Olathe, KS 66051 (913) 764-3489. (189) EUTAH, TRINIDAD, Daytona Beach, Milledgeville, Honolulu, Malad City, Strawn, Pratt, St. Ignace, Worthington, Cranbury, South Otselic, Devils Lake, Tippecanoe; 48 states. Free list (specify state). Apelman, Box 283, Covington, LA 70434. (190) FOR SALE: LARGE SELECTION of Yugoslavia, former Yugoslavian states, Czechoslovakia and former Czechoslovakian states notes and Baltic States. Stojan Blazanovic, Josefsgasse 4/4, A-2340 Modling, Austria. WANTED: Bank/Banking Histories, Bankers' Directories for personal library. Will send my "want" list, or offer what you have. Bob Cochran, Box 1085, Florissant, MO 63031. DALLAS, TX NATIONAL BANK NOTES WANTED, large or small. Frank Clark, P.O. Box 117060, Carrollton, TX 75011. (A) WANTED: ORIGINAL ART used for Bank note engravings. John Jack- son, P.O. Box 4629, Warren, NJ 07059, 908-604-4841. (A) SUPERB UNITED STATES CURRENCY FOR SALE SEND FOR FREE PRICE LIST BOOKS FOR SALE PAPER MONEY OF THE U.S. by Friedberg. 14th Edition. Hard Bound. $18.50 plus $2.50 postage. Total price $21.00. COMPREHENSIVE CATALOG OF U.S. PAPER MONEY by Gene Hessler. 5th Edition. Hard Cover. $29.50 plus $2.50 postage. Total Price $32.00. NATIONAL BANK NOTES by Don Kelly. 2nd Edition. Hard Cover. List all national bank notes by state and charter number. Gives amounts issued and what is still outstanding. 435 pages. $31.50 plus $2.50 postage. Total Price $34.00. THE ENGRAVER'S LINE by Gene Hessler. Hard Cover. A complete history of the artists and engravers who designed U.S. Paper Money. $75.50 plus $3.50 postage. Total Price $79.00. U.S. ESSAY, PROOF AND SPECIMEN NOTES by Gene Hessler. Hard Cover. Unissued designs and pictures of original drawings. $14.00 plus $2.00 postage. Total Price $16.00. Stanley Moryez P.O. BOX 355, DEPT. M • ENGLEWOOD, OH 45322 513-898-0114 pits-iitjitsigesstrtr,iMiTtom -4, :,exiiiia=kitacDta",1 -.., ,. , aza .,ZEMOZIle NtirtAINP4 4610111pErsp,c0r00 4// 4X///4 4 , 34- 4,,,C,‘ ■/,■/////e/ O.EMAItIMER1 SERIE 9 Zjajaaarar,j),1/. GOLDIEERTIFICATE VOtosioVVIWASAII)m, , d;,7, , /X,," D70990 *K. .111.1.D .?...LISJJ.12;i: 711.11 14 .0'/I/B490(305R. ,§9, ,_ //e// , N929443 Tagitt)/0,Imitrk4Ittet-1, , 7 yr (-00,14061,10- j_panuit* iD1 D //,/,,,/,//, 6•//,, 408 [C 41)) N929/.'43 ;1'' "`;'Ir7.0:121:Y,J., ....V., Page 250 Paper Money Whole No. 186 Paper Money Whole No. 186 Page 251 IMPORTANT EARLY AMERICAN PAPER MONEY THE COLLECTION OF THE WESTERN RESERVE HISTORICAL SOCIETY MORE THAN 12,000 COLONIAL AND OBSOLETE BANK NOTES, SCRIP, ADVERTISING AND SATIRICAL NOTES OF COMPARABLE IMPORTANCE TO THE ABNCo SALE OF 1990 11. 12, 13 and 14-Dollar notes on the Phenix Bank of New York. Proofs. circa 1850 and all HaNby plate notes Auction to be held at Christie's Galleries in NewYork Monday, November 25 and Tuesday, November 26, 1996 Public exhibition November 23 through 25 Illustrated catalogues are available for $30 including postage from Christie's publications (800) 395 6300 For further information call James Lamb or David Sarpal at (212) 546 1056 SPINK AMER IC A MENIIII,It THE CI II(IS I IL, 0151,111' Page 252 Paper Money Whole No. 186 Pay over "bid" for many Pay over "ask" for some Pay over Hickman-Oakes for many nationals Pay cash - no deal too large. All grades wanted, Good to Unc. at 75, I can't wait. Currency dealer over 50 years. A.N.A. Life #103 (56 years) P.N.G. President 1963-1964 .M. KAGIN 910 Insurance Exchange Bldg. Des Moines, IA 50309 (515) 243-7363 Buy: Uncut Sheets — Errors — Star Notes — Checks Confederate — Obsolete — Hawaiiana — Alaskiana Early Western — Stocks — Bonds, Etc. United States Large Size Currency •=114Np 7\9, -t07 - 027120146:- LY ' D27120146:- ■■• Send For Our Free Price List of Choice Quality Large Size Type And National Bank Notes. STEINTBERG'S P.O. Box 1565-PM, Boca Raton, FL 33429-1565 Telephone: 954-781-3455 • Fax: 954-781-5865 PHILLIP B. LAMB, LTD. CONFEDERATE STATES OF AMERICA, HISTORICAL CONNOISSEUR Avidly Buying and Selling: CONFEDERATE AUTOGRAPHS, PHOTOGRAPHS, DOCUMENTS, TREASURY NOTES AND BONDS, SLAVE PAPERS, U.C.V., OBSOLETE BANK NOTES, AND GENERAL MEMORABILIA. Superb. Mc/My Seri ice. Displaying at mady major trade shows. PHILLIP B. LAMB P.O. Box 1585o NEW ORLEANS, LA 70175-5850 504-899-4710 QUARTERLY PRICE LISTS: $8 ANNUALLY WANT LISTS INVITED APPRAISALS BY FEE. MYLAR D CURRENCY HOLDERS PRICED AS FOLLOWS BANKNOTE AND CHECK HOLDERS SIZE INCHES 50 100 500 1000 Fractional 43/4 x 2 3/4 $16.50 $30.00 $137.00 $238.00 Colonial 5 1 /2 x 3 1 /16 17.50 32.50 148.00 275.00 Small Currency 65/8 x 2'/e 17.75 34.00 152.00 285.00 Large Currency 7 7/8 x 3 1 /2 21.50 39.50 182.00 340.00 Auction 9 x 33/4 25.00 46.50 227.00 410.00 Foreign Currency 8 x 5 28.00 52.00 239.00 430.00 Checks 95/8 x 4 1 /4 26.50 49.00 224.00 415.00 SHEET HOLDERS SIZE INCHES 10 50 100 250 Obsolete Sheet End Open 83/4 x 14 1 /2 $13.00 $60.00 $100.00 $230.00 National Sheet Side Open 81/2 x 17 1 /2 25.00 100.00 180.00 425.00 Stock Certificate End Open 91/2 x 12 1 /2 12.50 57.50 95.00 212.50 Map and Bond Size End Open 18 x 24 48.00 225.00 370.00 850.00 You may assort noteholders for best price (min. 50 pcs. one size). You may assort sheetholders for best price (min. 5 pcs. one size) (min. 10 pcs. total). SHIPPING IN THE U.S. (PARCEL POST) FREE OF CHARGE Mylar is a Registered Trademark of the Dupont Corporation. This also applies to un- coated archival quality Mylar. Type D by the Dupont Corp. or the equivalent material by ICI Industries Corp. Melinex Type 516 DENLY'S OF BOSTON P.O. Box 1010 617-482-8477 Boston, MA 02205 ORDERS ONLY: 800-HI-DENLY FAX 617-357-8163 Paper Money Whole No. 186 Page 253 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 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 DON'T RISK YOUR COLLECTION STORE IT IN MYLAREM Oregon Pioneer Albums & Sleeves SafeKeeper Albums Safe Deposit Box Size Post Binder Format 50 IVIYLARTTM Pages Black Leatherette Cover 6 Sizes in Stock: For Currency of all Types including Checks, Large US, Small US, World, Postcards, Fractionals, etc. Flexible Albums Inexpensive 25 MYLARTm Pages Durable Flexible Cover Plastic Spiral Binding Compact & Lightweight 4 Sizes in Stock: For Checks, Stock Certificates, Postcards, Fractionals, etc. Custom Albums Available Many Sizes of MYLARTM Sleeves Also In Stock Cal!, Write or Fax Now for Information Your Complete Satisfaction Guaranteed OREGON PAPER MONEY EXCHANGE 6802 SW 33rd Place Pertland, OR 97 9 19 (503) 245-3059 fax (503) 244-2977 Page 254 Paper Money Whole No. 186 WANTED ALL STATES ESPECIALLY THE FOLLOWING: TENN-DOYLE & TRACY CITY: AL, AR, CT, GA, SC, NC, MS, MN. LARGE & SMALL TYPE ALSO OBSOLETE AND CONFEDERATE WRITE WITH GRADE & PRICE SEND FOR LARGE PRICE LIST OF NATIONALS SPECIFY STATE SEND WANT LIST DECKER'S COINS & CURRENCY P.O. BOX 69 SEYMOUR, TN 37865 (615) 428-3309 LM-120 ANA 640 FUN LM90 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 5233P WALNUT CREEK, CA 94596-5233 LIFE MEMBER A.N.A. #1995 C.N.A. #143 C.P.M.S. #11 $3 for one book, $4 for two books, $5 for three or more books. All books are in new condition & hardbound unless otherwise stated. 10% off five or more hooks / SI-UPPING Life Member ANA 639 Buying & Selling National Bank Notes, Uncut Sheets, Proofs, No. 1 Notes, Gold Certificates, Large-Size Type Error Notes, Star Notes. Commercial Coin Co. P.O. Box 607 Camp Hill, PA 17001 Phone 717-737-8981 MILTIONAL irilrAWL Sa110110.001.411,100,44. r 121.11 49 THE CAMP HILL NATIONAL BANK CAMP 1-111I PEN HS Y L VAN IA kllio;;3;LiA174. F000126A ..11FAVVIE 111011111Wit: • KLU INC. P.O. BOX 84 • NANUET. N.Y 10954 BUYING / SELLING: „ NVIION At; OBSOLETE CURRENCY, NATIONALS, U.S. TYPE, UNCUT SHEETS, PROOFS, SCRIP Periodic Price Lists available: Obsoletes ($3 applicable to order), Nationals, & U.S. Large & Small Size Type. PHONE or FAX BARRY WEXLER, Pres. Member: SPMC, PCDA, ANA, FUN, GENA, ASCC (914) 352.9077 BOOKS ON PAPER MONEY & RELATED SUBJECTS The Engraver's Line: An Encyclopedia of Paper Money & National Bank Notes, Kelly 45 Postage Stamp Art, Hessler $85 U.S. National Bank Notes & Their Seals, Prather 40 Comprehensive Catalog of U.S. Paper Money Paper Money of the U.S., Friedberg. 14th edition 24 Errors, Bart 35 Prisoner of War & Concentration Camp Money of the The Comprehensive Catalog of U.S. Paper Money, Hessler 40 20th Century, Campbell Small-Size U.S. Paper Money 1928 to Date, Oakes & 35 U.S. Essay, Proof & Specimen Notes, Hessler 19 Schwartz. Softbound 25 The Houston Heritage Collection of National Bank World Paper Money, 7th edition, general issues 55 Notes 1863-1935, Logan 25 World Paper Money, 7th edition, specialized issues 60 CLASSIC COINS — P.O. BOX 95 — Allen, MI 49227 BUYING Obsolete—Confederate Continental—Colonial 19th Century Stocks-Bonds Small or Large Collections Send List or Ship AND (305) 853-0105 SPMC SELLING STOCKS & BONDS Large Price List Over 200 Different Mostly 19th Century Railroads, Mining, etc. Richard T. Hoober, Jr. P.O. Box 3116, Key Largo, FL 33037 Paper Money Whole No. 186 Page 255 WORLD PAPER MONEY Specialized in Poland, limia EiEurope& Sell Free Price LisIE Tom Sluszkiewiez P.O.Box 54521, Middlegate Postal BURNABY B.C. CANADA V5E 4J6 WANTEDI. s 1r 1 - i Original signatures of famous historical PeOPle on currency • letters • Photos • documents • checks RAY ANTHONY 505 SO. BEVERLY DR. #1265 BEVERLY HILLS. CA 90212 TOLL FREE 800-626-3393 ANA LIFE MEMBER • MEMBER MANUSCRIPT SOCIETY MEMBER AMERICAN BOARD OF FORENSIC EXAMINERS Buying & Selling Foreign Banknotes Send for Free List William H. Pheatt 9517 N. Cedar Hill Cir. Sun City, AZ 85351 Phone 602-933-6493 Fax 602-972-3995 WANTED WISCONSIN NATIONALS 411111WOOK401Jigffit X347713 1 em VaPsIlitt•-• 1411"%T.P144t, 5779 :Ir., ,cat,,, 0 ul 3lailkiNjiatitiat•10 42.44' ■3,31 1.:844) C. Keith Edison P.O. Box 26 Mondovi, Wisconsin 54755-0026 (715) 926-5001 FAX (715) 926-5043 Page 256 Paper Money Whole No. 186 ■ • ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ • OBSOLETE NOTES Also C5A, Continental & Colonial, Stocks & Bonds, Autographs & Civil War Related Material. LARGE CAT. $2.00 Ref. Always Buying at Top Prices RICHARD T. HOOBER, JR. P.O. Box 5116, Key Largo, FL 55057 FM or Phone (305) 853-0105 ■ ■ ■ • ■ ■ ■ ■ ■ ■ ■ ■ • ■ • CONTINENTAL & COLONIAL Notes, Autographs, Documents & Many, Many Other Early 19th Century Items. SEND FOR FREE LIST RICHARD T. HOOBER, JR. P.O. Box 3116, Key Largo, FL 33037 305-853-0105 WE ARE ALWAYS BUYING ■ FRACTIONAL CURRENCY ■ ENCASED POSTAGE ■ LARGE SIZE CURRENCY ■ COLONIAL CURRENCY WRITE, CALL OR SHIP: 1-0--41110-40-1 /iv ri;7-) Teti '`` 4c;W CURRIE KC LEN and JEAN GLAZER (718) 268.3221 POST OFFICE BOX 111 FOREST HILLS, N.Y. 11375 I, t :- .:., SOCI ETY 't I' \ 11- R L An . $ ',, ( 01 .1.1..0 n )11S / t m . 3er. a re ilz.7 2 \ ■ Charter Member Name Address Card No. City Exp. Date: Mo./Yr./ State Zip Phone Signature Qty. Code Title Price Total PM08 Standard Catalog of World Paper Money, Vol. II, General Issues, 8th Edition $55.00 $ Shipping & Handling $ Please add $3.25 postage for first book and $2.00 each additional. Outside U.S. Subtotal $ add $10.00 for first book and S5.00 each additional book ordered for postage and WI res. add 5.5%, IL res. add 7.75% sales tax $ handling. Total Enclosed $ Credit Card orders save time by calling toll-free 800-258-0929 Dept. P6NS Mon. - Fri. 7 a.m. to 8 p.m. • Sat. 8 a.m. to 2 p.m., CST. 15 L Krause Publications 700 E. State St, Dept. P6NS Iola, WI 54990-0001 NEW Edition standard catalog of eighth edition WORLD PAPER MONEY general issues volume two by Albert Pick • Colin ffi. Bruce H. George S. Cobol Editors Listing all legal tender issues of national governments THE REST ROOK EVER ON WORLD IVIONEU STANDARD CATALOG OF WORLD PAPER MONEY VOLUME TWO, GENERAL ISSUES 8th Edition • Full coverage 11101•20th centuries ■ 230 issuing authorities • 18,400 notes listed • 10,000 original photos * Market valuations in up to three grades by Albert Pick, Colin R. Bruce II and Neil Schafer, Editors Completely revised and updated, this impressive volume solidifies its position as the best book ever on world paper money. With more than 18,000 listings from over 230 note-issuing authorities, this catalog includes more than 54,000 prices. Plus you'll find expanded signature charts and variety listings. This is the only single reference for worldwide listings of pre-1960 government issue bank notes in the English language. 8-1/2x11 • hardcover • 1,232 pages • 10,000 b&w photos • PM08 $55.00 release print clearly ( ) Check or money order enclosed (payable to Krause Publications ( ) MasterCard ( ) VISA ( ) Discover ( ) Am Ex