Paper Mene9 DEVOTED TO THE STUDY OF CURRENCY This quarter's feature is a description and catalog by Albert Pick of the very scarce last issues of paper money circulated by German commercial banks in 1924-25. VOL. 12 Whole No. 47 1973 c. OFFICIAL PUBLICATION OF 9 society of Pape, 4tote9 Collectors9 Ei © 1973 by The Society of Paper Money Collectors, Inc. 9ita,a.„.x.xxxxia.,',.Laxxxx.,-„,c,,xxxxmcx.„.x.,axx.„xxxx.x...xxxxxxxA NO. 3 RARE UNCUT SHEETS Beautiful Crisp New Sheets Truly Museum Show-Pieces that will put Your Ribbon Winner" Class. WANTED-Superb Sheets (4, 6, 12, 18). Collection in the "Blue NATIONAL SHEETS OF FOUR 1882 $5 Brown Back. St. Paul, Nebraska. F-467 $1,399.50 1902 $5 Third Charter. The Dunbar Nat'l. Bank, New York, N.Y. F-611. Rare Woods/Tate Signatures. Sheet #6 999.50 1902 $5 Equitable Nat'l. Bank, City of New York. F-595. Red Seal. All Red Seal Sheets are Excessively Rare 2,499.50 1902 $5 National Park Bank, New York, N.Y. F-598 899.50 1902 $10 National Park Bank, New York, N.Y. F-624 999.50 Special-Above Pair (F-598, 624) 1,749.50 SHEETS OF TWELVE 1935D $1 Silver. Clark/Snyder 1934D $5 Silver. Sigs. as above 1928G $2 Legal. Sigs. as last 1928E $5 Legal. Julian/Snyder Special-all Four Sheets SHEETS OF EIGHTEEN 1935E $1 Silver (Pay $650) 1953 $5 Silver. Also Wanted 1953 $10 Silver. (Pay $1,150) 1953 $2 Legal 1953 $5 Legal $ 499.50 799.50 549.50 749.50 $2,449.50 $ 849.60 1,249.50 1,599.50 899.50 1,299.50 ++ CUT-SHEETS OF FOUR ++ Beautiful Rare Cut-Sheets of Four. Only one-of-a-kind. 1880 $5 Legal. F-80. Tillman/Morgan. Each Note is personally Autographed by Daniel N. Morgan. A Rare "Museum Item" 799.50 1880 $10 F-110. Rosecrans/Nebeker. Scarce "Jackass" Sheet 849.50 1880 $10 F-140. Sigs. as last. Plate 1. 1,149.50 1886 $1 Silver. F-216. Rosecrans/Hyatt. Small Red Seal 849.50 1886 $2 F-242. Sigs. as last. Large Red Spikes. Beautiful Display Sheet 1,399.50 1923 $1 F-40. Speelman/White. Red Seal "Star Sheet" No. 4212*/4215*. Rare Single Star Notes are $300.00. This sheet of Far Greater Rarity 1,699.50 ++ EDUCATIONAL SERIES SHEETS ++ This Complete Collection of Cut-Sheets of sonally from Mr. Albert A. Grinnell more than ever since. Indeed our Most Beautiful Issue Offered only as a Unit $1 "History Instructing Youth". F-224. Each Treasurer of the United States. $2 "Science Presenting Steam and Electricity F-247. Low Serial Nos. 105-106-107-108. Morgan, Treasurer of the United States. $5 "Electricity Enlightening the World"=An Allegorical Scene, the Beauty of which surpasses that of all other United States Notes. F-'269. Truly a Magnificent Museum Collection . . . possibly Unique and originally from the Personal Collection of Mr. Grinnell, the Dean of Paper Money Professionals of all Time . . . where can you find another, even at Any Price. Our Price "tag" is $10,449.50 WANTED-LARGE NOTES-WANTE.D We're Paying TOP $$$'s for Choice Scarce/Rare Notes-all Series: SAMPLE BUYING PRICES-PER- FECT CRISP NEW ONLY: 1896 $1-$2-$5 Silver Certificate Set $1,100.00 to $ 1,400.00 1886 $5 Silver F259/265 $ 700.00 to $ 850.00 1899 $5 Silver F271/281 $ 115.00 to $ 350.00 1923 $5 Silver F282 $ 160.00 to $ 225.00 1901 $10 Legal F114/122 $ 170.00 to $ 220.00 1923 $10 Legal F123 $ 400.00 to $ 500.00 1890 $2 Coin F353/355 $ 550.00 to $ 650.00 1891 $5 Coin F365 $ 450.00 to $ 550.00 1891 $20 Coin F372/374 $1,250.00 to $ 1,400.00 1891 $50 Coin F376 (VF $4,500) $8,000.00 to $10,000.00 PACKS (100) STAR NOTES WANTED 19698 Dist. 9; 1969C Dists. 2, 4, 5, 9, 12; 1969D Dists. 1, 2, 7, 9, 11. Please advise if you can supply 1 or more Packs of these Star Notes. ++ IMPORTANT BOOKS-POSTPAID ++ Bluestone's "The Albert A. Grinnell Sales Catalogue 1944/1946". Reprint/Values=Prices that were realized at these Great Sales ($11.50 with Order) 12.95 Huntoon/Van Belkum's "National Bank Notes of the Note Issuing Period." Lists all Charter Banks 1863/1935 (14,348). ($10.75 with Order) 12.50 Donlon 's U.S. Large Size Paper Money 1862/1923". New 3rd Ed. (Due end Aug.) Ppd. 3.65* Friedberg's "Paper Money of the United States". 7th Ed. (Only $10.95 with Order) Ppd. 14.00 Hewitt/Donlon's "Catalogue of Small Size Paper Money". New 9th Ed. Ppd. 1.65* Goodman/O'Donnell/Schwartz' "Standard Handbook of Modern U.S. Paper Money". 3rd, Latest Ed. All you'll want to know about Block Collecting Ppd. 1.65* Kemm's "The Official Guide of U.S. Paper Money". 1973 Ed. Ppd. 1.15* Shafer's "Guide Book of Modern U.S. Currency". New 6th Ed. Ppd. 2.65* SPECIAL---Above Big Five, Starred * Ppd. 9.15 Add 50c on Book Orders for P. 0. Special Handling. 100% Satisfaction Guaranteed. Please add $1.00 under $50.00. Nebraskans add Sales Tax. Ask for our Lists of Small Size Notes, Uncut and Cut Sheets, Fractional Notes. MEMBER: Life #110 ANA. PNG, SCPN, SMPC, IA PN. Others. the 1896 $1-$2-$5 Silver Certificates was purchased per- 25 Years ago and have reposed in our Currency Cabinet of Notes=A "Museum Collection" of Greatest Rarity- Note was personally Autographed by Daniel H. Morgan, to Commerce and Industry-The Five Female Group." Each Note was personally Autographed by Daniel H. lielbee's, inc. "Pronto Service" 4514 North 30th Street Phone 402-451-4766 Omaha, Nebraska 68111 Paper litenq VOL. 12 NO. 3 THIRD QUARTER 1973 WHOLE NO. 47 PUBLISHED QUARTERLY BY THE SOCIETY OF PAPER MONEY COLLECTORS Editor Barbara R. Mueller. 225 S. Fischer Ave.. Jefferson, Wis. 53549 Publisher J. Roy Pennell, Jr., Box 858, Anderson, S. C. 29621 Direct only manuscripts and advertising matter to Editor. Direct all other correspondence about membership affairs, address changes, and back numbers of Paper Money to the Secretary, Vernon L. Brown, Box 8984, Ft. Lauderdale, Fla. 33310. Membership in the Society of Paper Money Collectors, including a subscription to Paper Money, is available to all interested and responsible collectors upon proper application to the Secretary and payment of a $5 fee. Entered as second-class matter July 31, 1967, at the Post Office at Anderson, S. C. 29621 with additional mailing privileges at Federalsburg, Md. 21632, under the Act of March 3, 1879. Non-member Subscription, $6.00 a year. Published quarterly. ADVERTISING RATES—PREPAID One Time Yearly Outside Rear Cover $40.00 $150.00 Inside Front & Rear Cover 37.50 140.00 Full Page 32.50 120.00 Half Page 20.00 70.00 Quarter Page 12.50 40.00 One-Eighth Page 8.00 30.00 (Non-contract advertising accepted in order received, providing space available by deadline. Please reserve space early! All ad copy subject to 25% surcharge for composition in 6 point type or special effects. $2 per printed page charge for typing copy where necessary.) PAPER MONEY does not guarantee advertisements but accepts copy in good faith, reserving the right to edit or reject any copy. Publisher's liability for error shall not exceed the cost of space occupied by the error. No liability can be accepted for error resulting from illegible copy. Editor's telephone: 414-674-5239 Schedule for 1973 Advertising Publication Deadline Date Issue No. 47 Aug. 15 Sept. 8 Issue No. 48 Nov. 15 Dec. 8 CONTENTS The Last Issues of Paper Money Circulated by German Commercial Banks in 1924/25, by Albert Pick 115 John Hart—Signer of the Declaration of Independence and Colonial Notes, by Herbert Eccleston, M.D. 118 Dr. Aspen Proposes Special Series of Bicentennial Currency 120 Recycling Paper Money Residue 120 Counterfeit-Proof (?) Currency Designs of 1869 and Later Years, by William P. Koster 122 Kossuth Note Printed in Britain 127 1929-1935 National Bank Note Varieties, by M. Owen Warns 128 Engraved Vignettes of Independence Hall Now Available 130 Matt Rothert Fractional Currency to be Sold 130 The First State Bank of Indiana, by Louis H. Haynes 131 First Charter One-Dollar Nationals, by Howard W. Parshall 133 A Drawback Certificate, by Forrest W. Daniel 135 The Inverted Overprint Error, by Lee Worthley 137 Philippine Guerilla Currency, by Cliff J. Murk 138 Federal Reserve Corner, by Nathan Goldstein II 139 A Tale of Three Fessendens, by Forrest W. Daniel 140 Check News Round-17p from Associated Press 145 THE SOCIETY OF PAPER MONEY COLLECTORS, INC. Library Notes 127 Change in Librarian 127 Late Convention News 136 Secretary's Report 142 Money Mart 144 Cocieq of Paper litonev Collector, OFFICERS President J. Roy Pennell, Jr. P. 0. Box 858, Anderson, S C. 29621 Vice-President Robert E. Medlar 4114 Avenue Q, Lubbock, Texas 79412 Secretary Vernon L. Brown P. 0. Box 8984, Fort Lauderdale, Fla. 33310 Treasurer M. Owen Warns P. 0. Box 1840, Milwaukee, Wis. 53201 APPOINTEES-1973-74 Librarian Barbara R. Mueller Attorney Ellis Edlow BOARD OF GOVERNORS-1973-74 Thomas C. Bain, Vernon L. Brown, Forrest W. Daniel, James N. Gates, Maurice M. Gould, David A. Hakes, William J. Harrison, Brent H. Hughes, Robert E. Medlar, Eric P. Newman, Charles O'Donnell, J. Roy Pennell, Jr., Glenn B. Smedley, George W. Wait, M. Owen Warns. Society Library Services The Society maintains a lending library for the use of members only. A catalog and list of regulations is in- cluded in the official Membership Directory available only to members from the Secretary. It is updated periodically in PAPER MONEY. For further information, write the Librarian, Wendell Wolka, P. 0. Box 366, Hinsdale, IL 60521 SPMC PUBLICATIONS AVAILABLE Texas Obsolete Notes and Scrip by BOB MEDLAR This is a hard-covered book with 204 large pages and 240 full-size illustrations. Postpaid to members, $6.00 Others, $10.50 Florida Obsolete Notes and Scrip by HARLEY L. FREEMAN This, too, is a hard-covered book, profusely illustrated, with 103 large pages. Postpaid to members, $4.00 Others, $5.00 Vermont Obsolete Notes and Scrip by MAYRE B. COULTER $10.00 postpaid Postpaid to members, $10.00 Others, $11.95 Back Issues of PAPER MONEY $1.00 each while they last All issues from Vol. 4, No. 2, 1965 (Whole No. 14) to date are available at this time, however, some issues are in short supply. Issues prior to Whole Number 14 are sold out. A limited supply of bound books containing two volume- years each also available for $12.50 per book. Specify Vols. 5 and 6 (Nos. 17-24) ; or 7 and 8 (Nos. 25-32) ; or 9 and 10 (Nos. 33-44). Send remittances payable to The Society of Paper Money Collectors, Inc. J. ROY PENNELL, JR. P. 0. Box 858, Anderson, S. C. 29621 Be Sure To Include Zip Code! The National Bank Note Issues of 1929-1935 by M. 0. WARNS-PETER HUNTOON-LOUIS VAN BELKUM p 111111 1111111111111111111111111111I1111111111111111111111111111111111111111111111111111111111111111111BMIBBBIBIBM IBIBIBIBIBBIBIBIBBIMIIHM111111111111111111111111111111111111111111111111111111111111111111111111111111111111II := = E. E E= Important Notice === . Paper Money Is A Copyrighted Publication= = F.-= '...- = No article originally appearing in this publication, or part thereof or condensation of same, can be reprinted E= E. elsewhere without the express permission of the Editor. Although your Officers recognize the publicity value to E the Society of occasional reprints, they cannot allow indiscriminate use of the material from PAPER MONEY in :=7= F." other publications even when condoned by the author. Therefore, authors should contact the Editor for permis- = E sion to reprint their work elsewhere and to make arrangements for copyrighting their work in their own names,== if desired. Only in this way can we maintain the integrity of PAPER MONEY and our contributors. E E E = PAPER MONEY reserves the right to edit or reject any copy. The opinions of the authors are not necessarily -1.- E those of the staff or the Society. = _ WHOLE NO. 47 Paper Money PAGE 115 By Albert Pick The Last Issues of Paper Money Circulated by German Commercial Banks in 1924/25 Translated by Werner Bodenheimer When the German Reich had been established in 1871 as a political entity and a uniform currency in the form of the Mark had been introduced, the paper money of the old German principalities, issued in terms of Gulden and Thaler, was withdrawn and replaced by the Reichs- kassenscheine or treasury notes of the German Empire. While the various note-issuing banks were allowed to hold their issuing licenses, their activities were strongly confined by new laws that were passed in the wake of the foundation of the Reichsbank in 1876. Giving way to the pressure, which the Reichsbank brought to bear upon the note-issuing commercial banks, the latter eventually waived their privileges, and by 1906 there remained merely four large commercial banks that continued to issue their own notes. These were, in alphabetical order, the Badische Bank, the Bayerische Notenbank, the Sachsische Bank and the Wiirttembergische Notenbank. Constantly extending its branch system, the Reichs- bank continued to fight these four remaining issuing banks until the beginning of World War I. The vast number of different notgeld issues that were circulated during the war and the subsequent period of money in- flation (1922-1923) spelled a heavy setback to the Reichs- bank's efforts directed towards unified issues of paper money. While it was possible to stabilize the currency by es- tablishing the Rentenbank, it was not before the Banks Act was passed on August 30, 1924. that the legal posi- tion of the Reichsbank was settled again. It was not possible, though, to simply ignore the vested rights of these four note-issuing banks, but their combined total issues of paper money were limited to a maximum quota of 194 million marks upon the ratification of their rights. Further relevant regulations were included in the Note Issuing Commercial Banks Act, dated August 30, 1924. As may be seen from the report of the first committee of experts, the Reichsbank was originally intended to be granted the sole and unique privilege of issuing bank notes. Dr. Hjalmar Schacht, though, then president of the Reichsbank, suspected that this committee of experts was not even aware of the existence of these four note- issuing banks. Their survival was granted by article 2 of the Banks Act of August 30, 1924, which was provided only upon Dr. Schacht's argument that it was good do- mestic policy to have these banks carrying on their busi- ness. The Reich government, however, was granted the prerogative to revoke the authority of the commercial banks to issue paper money effective of January 1, 1935. serving a one year's notice, provided it obtained the as- sent of the Reichsrat (roughly corresponding to the U.S. Senate). In article 3 of the Act the maximum issue of notes was limited to 70 million Reichsmarks with respect to the Bayerische Notenbank and the Sachsische Bank, and to 27 million Reichsmarks regarding the Wiirttembergische Notenbank and the Badische Bank. However, these banks were not permitted to issue more than eight per- cent of the aforementioned sums total until the completed winding-up of the Deutsche Rentenbank. Article 4 stipulated the denominations of the notes. Such denominations were permitted only in the order of RM 50, RM 100 or any multiple of the latter. All obsolete notes were to be withdrawn and exchanged against Reichsmark denominations, the exchange rate being 1 RM to 1 billion" marks. Article 5 ran as follows: Any notes issued by com- mercial banks shall not be considered legal tender nor shall they be proclaimed legal tender by state legislation (of any of the individual German states or Lander). There further shall be no foundation in law for the com- pulsory acceptance by any public pay-office. All such notes shall be accepted in payment at any time at par by the issuing banks and all of their branches. The regulations concerning the bullion security of the Reichsbank's notes did apply in full also to the notes is- sued by the commercial banks. Pursuant to article 6, both the Reichsbank and the note-issuing commercial banks were bound to accept at par the notes of each of the other banks at their head- quarters or, in the event of branches, in cities having at least 100,000 residents; this regulation would apply only until such time as the commercial banks would redeem their own notes. One trillion marks according to the American way of counting. The following notes were issued by the regional com- mercial banks: BADISCHE BANK: 50 Reichsmark, 11. Oktober 1924 (Pick Cat. No. R15), brown and green, SN brown. Obverse: Portrait of Johann Peter Hebei (1760-1826) an eminent German poet, at right. Reverse: Coat of arms at right. Paper: Laid, right marginal strip with red dyed fibers. Watermark: Oak leaves at right. BAYERISCHE NOTENBANK: 50 Reichsmark, 11. Oktober 1924 (Pick Cat. R35), light and dark green, SN red. Obverse: At top: Bavarian lozenge on escutcheon flanked by two lions rampant. Reverse: Bavarian coat of arms. Watermark: "Bayerische Notenbank" Design: Otto Hupp Badische Bank-50 RM, 1924 is Dom 3o7tuguft 19 .24 (5-) iindienv Ott 197.4 -4iissocathenaufOru4bc-sPinatnotenbant.bc cti /3aptrilVtotenbant. t 014 Iddetirii,toluhrittioldmtbnnot.oltart f3a,verifdlenotetWant, ai ip;93 '.1tifnitnOte 098269,L.,,,.."‘Xtfo ........,x,, A 098.11269 1) baniWfety$ront30-Stuttuti/9•2-4-. --brro&w, ern g.Mtuber rife enInlizit-t.. PAGE 116 Paper Money WHOLE NO. 47 Bayerische Notenbank-50 RM, 1924 Bayerische Notenbank-100 RM, 1924 100 Reichsmark, 11. Oktober 1924 (Pick Cat. R36). Obverse blue on multi-color background. Reverse blue and brown, SN blue. Obverse: Lettering and ornamentation. Reverse: Bavarian coat of arms surrounded by a gear- wheel and flanked by two lions rampant with a plow- share beneath. Paper: Ornamental embossing at right with small silk paper strips embedded bearing the printed name "Bayerische Notenbank." Watermark: Swastikas Design: Obverse: Otto Hupp. 50 Reichsmark, 1. September 1925 (Pick Cat. R37). Obverse brown on green and red. Reverse blue on green and brown. SN red. Obverse: Portrait of Hieronymus Holzschuher (patri- cian and alderman of Niirnberg) after a painting by Albrecht Diirer, (152-6), at right. Reverse: Bavarian coat of arms in center. Paper: Bluish, ornamental embossing at left with small silk paper strips embedded bearing the printed name "Bayerische Notenbank." Watermark: "Bayern" at right. Design: Walter Tiemann. Bayerische Notenbank-50 RM, 1925 Bayerische Notenbank—essay, 50 RM, 1924 (There has survived the proof of another design for the RM 50 denomination:) 50 Reichsmark, 30. August 1924, brown on multi-color background. Obverse: Venetian girl, at right, after a painting by Albrecht Diirer. (The same picture—in a slightly different cropping—appears on the current DM 5 note of the German Federal Republic.) Reverse: Bavarian coat of arms at center. Paper: Small silk paper strip at right embedded into the paper bearing the printed name: "Bayerische Notenbank." SACHSISCHE BANK: 50 Reichsmark, 11. Oktober 1924 (Pick Cat. R96). Obverse brown on brown and dark green. Reverse dark green on brown. SN red. Obverse: Portrait of Ludwig Richter (1803-1884), painter, at left. Reverse: Lettering and ornamentation. Paper: Ornamental embossing at right with small silk paper strips embedded bearing the printed name: "Sachsische Bank." Watermark: Swastikas. Design: Professor Belwe. Sachsische Bank-50 RM 1924 HUN DIRT REIMS-MARK. utts eyes; afre9,1triii Cies )1 vim-, ✓le 30.Augebfi 1924 11-Oe(Den nat&r 194 cif fC CedankuOrejOeti),) oo;votsLy. Sachsische Bank-100 RM, 1924 Paper Money PAGE 117WHOLE NO. 47 100 Reichsmark, 11. Oktober 1924 (Pick Cat. R97), blue-gray on blue-green and brown. SN blue. Obverse: Portrait of Gotthold Ephraim Lessing (1729- 1781), poet, playwright and critic, at left. Reverse: Lettering and ornamentation. Paper: Ornamental embossing at left with small silk paper strips embedded bearing the printed name: "Sachsische Bank." Watermark: Swastikas. Design: Walter Tiemann. WURTTEMBERGISCHE NOTENBANK: 50 Reichsmark, 11. Oktober 1924 (Pick Cat. R117). Green and brown. SN black. Obverse: Portrait of a bearded gentleman with stand- up collar at left. Reverse: Ground-tinted Wiirttemberg coat of arms at left, flanked by two stags. Paper: Laid, right marginal strip with green dyed fibers. Watermark: Oak leaves at right. 100 Reichsmark, 11. Oktober 1924 (Pick Cat. R118), black and blue on brown and green. SN brown. Obverse: Portrait of a gentleman with headgear, at right. Reverse: Ground-tinted Wiirttemberg coat of arms at center, flanked by two stags. Paper: Laid, right marginal strip with blue dyed fibers. Watermark: Oak leaves at right. 50 Reichsmark, 1. August 1925 (Pick Cat. R119), green, brown and red. SN red. Obverse: Portrait of Christian Friedrich Daniel Schu- bart (1739-1791), Swabian poet and composer. Hated tyrants and was imprisoned in the Hohenasperg fortress for libel, as he had insulted the duke Carl Eugen of Wiirttemberg.) Ground-tinted Wiirttemberg coat of arms at center. Reverse: Lettering and ornamentation. Paper: Laid, right-hand marginal strip with violet dyed fibers. Watermark: Oak leaves at right. Wiirttembergische Notenbank-50 RM, 1924 Wiirttembergische Notenbank-50 RM, 1925 Wiirttembergische Notenbank-100 RM, 1924 The following types of paper made specifically for the purpose were employed for all notes: 1. Security paper of the Reichsbank having at the right-hand side a marginal strip with dyed fibers and a watermark showing oak leaves. 2. Security paper of the printers Giesecke & Devrient having small printed strips of silk paper imbedded into the bank note paper pulp. There were issued only small quantities of all these notes which had very little importance to the payments system. Moreover, as the public hardly became familiar with these notes and difficulties arose on payments, the banks decided to withdraw them entirely from circula- tion. As early as 1925 the circulation of these notes had almost come to a standstill. The act of rescinding the privilege to issue bank notes, effective of January 1, 1935, was then a purely formal matter. All these notes are very scarce, and complete sets have been located in two or three collections only. REFERENCES: Dierschke, K. and F. Miiller: Die Notenbanken der Welt. 2 vols. Berlin 1926. Elster, Karl: Von der Mark zur Reichsmark. Jena 1928. Notzke, Johann: Das Bankgesetz von 1924, Berlin 1925. Pick, Albert: Papiergeld, Braunschwe'lg 1967. Pick, Albert: European Paper Money Since 1900. Cata- logue. New York, 1971. PAGE 1 1 8 Paper Money WHOLE NO. 47 John Hart - Signer of the Declaration of Independence and Colonial Notes By Herbert Eccleston, M.D. Of the 56 Signers of the Declaration of Independence, nine of those distinguished gentlemen also signed paper money of their own colonies. John Hart of New Jersey was one of them. Biographical John Hart, the son of Edward and Martha Hart, was born in Stonington, Connecticut in 1711. Early in 1712, the Harts left their home in Connecticut and moved to New Jersey, settling in the town of Hopewell. No rea- son can be found for this move. At the age of two, John Hart was carried by his father to the Presbyterian Church at Maidenhead where on December 13, 1713, he was baptized by the Reverend Jedediah Andrews, pastor of the Presbyterian Church on Washington Square, Philadelphia. The baptismal record is still in the church's files. John Hart remained a staunch supporter of the church his entire life, and was a ruling elder and a commissioner to the Presbytery of Philadelphia. He was a member of the church in Pen- nington, New Jersey, close to Hopewell. As a child, John Hart received little or no formal schooling. Since his father was a man of influence and property, one may assume that his son John received a good education at home, if not the formal classical one. John Hart used his practical early training to become a successful farmer and merchant as well as to discharge the duties of such minor offices as his fellow citizens chose to confer on him. In 1740, he married Deborah Scudder, the daughter of Richard and Hannah Scudder of nearby Ewing, New Jersey. At the time of his marriage, Hart had become a successful farmer and property owner. He had large and profitable interests in fullery and grists mills in the area around rural Hopewell. John Hart was interested in community affairs and public service long before he affixed his signature to the Declaration of Independence as a New Jersey represen- tative. In 1761, he was chosen to represent his district in the colonial legislature. He was reelected annually for the next 11 years. While serving there, he was one of the most actice and resolute members, protest. ing Britain's actions against the colonies, so prevalent at this time. The actions of this legislature caused Wil- liam Franklin, the royal governor, to dissolve it. In 1774, Hart was elected to the First Provincial Con- gress of New Jersey and served until 1776. At the same time, he was also chairman of the township committee of Hunterdon County. On June 5, 1776, he was elected president of the Congress of New Jersey. One week af- ter his appointment, he was elected as a delegate to the Continental Congress along with four others to repre- John Hart, Signer sent New Jersey. The five elected were Richard Stock- ton; Dr. John Witherspoon, president of Princeton Col- lege; Judge Francis Hopkinson; Abraham Clark; and Hart, who, though not equal in professional ability to the first three, yet was adjudged by the people their worthy associate and fully their peer in soundness of judgment, in firmness of purpose, and in enlightened pa- triotism. On August 2, 1776, Hart signed the Declaration of In- dependence—the same month he was elected to the first assembly under the new state constitution and was unani- mously chosen speaker of the group. During the war his farm and mills in the path of both armies were laid to waste, and he himself was hunted and hounded through the hills around Sourland Moun- tain. After victories by the colonials at Trenton and Princeton, he, like many other patriots, was able to re- turn home. Due to the ravages of war and the harass- ment he received at the hands of the British, both his health and spirit were broken. He retired from public life in 1778, died in 1780, and was buried in the church- Paper MoneyWHOLE NO. 47 /14 PAGE 119 0.404141., 4111 :0; L N /GOO. L Of 0-VE SHILLIN0 Proclamation, is emitted by a Law of the Colony of Alin)- * yeriev, paired in the Fourteenth 'Year of the Reign of hi - , Welly Kir.g GE oftca the Third. Dated M4RcH z5, 1776•. . ' (321-4?\) B - "t:e1C.* ,f 1-re,4 /"/ g=xxmx(x(xfxr,==,,.. f :=XMA. \&A;ii%*.4 WII.ANL .11°A R S IL L G °• 172 4.1,4** BILL ofTHREE SHILLINGS Proclamation, Iti;, 1. is emitted by a I, A W of the COLON'S" 01 New-Yerjiy, paffed in the Fourteenth Year of the Reign of his Maieity Kinlj; FORGE the Third. Dated MARCH 25, 1776. L',/ , ZEbrce SHILLINGS. ..,/za./i(-).‘--;`6 4'1 P41 oPS'.7 '4Vit rk 4̀.4077:/....ePrAfirtiM 40,179Ritt ',1: ' FIFTEEN SHILLINGS. , '"/" 71,N.I° 4*","‘")... . ? rs BILL t'-i i ; FT,Ea mittionolr SIIIL nitt a T „I kv cif -the Cotoier o E j.E.R.SEY, , o teentla* Year of the Rleisal of his Majefty . " '4e THIRD. 'Dattd -MARCH 15, 1774. f1117 EEINT 4,'*1-11,4 LING,S. 1,1-ipt / 1Z- " rov John Hart's signature (in the center) on New Jersey bills of the March, 1776 emission PAGE 120 Paper Money WHOLE NO. 47 yard of the First Baptist Church of Hopewell, New Jer- sey. His grave is marked by an obelisk type of monu- ment. Numismatic John Hart signed notes of the issues of February 20, 1776 and March 25, 1776. The February issue is the rarer of the two issues, it consisting of four different types of notes—six shillings, 15 shillings, 30 shillings, and three pounds. The March issue consisted of nine dif- ferent values ranging from one shilling to six pounds. Each note had a much higher number printed than the February issue. A few of the notes mentioned above are illustrated. At the time he signed these notes, Hart was a member of the First Provincial Congress of New Jersey, the Committee of Correspondence, and the Com- mittee of Safety. It is interesting to note that Abraham Clark, another signer from New Jersey, was also supposed to have signed colonial bills, although none have been located. Francis Hopkinson, a New Jersey signer, also signed colonial bills, but for the colony of Pennsylvania and not New Jersey. References Encyclopaedia Britannica The Early Paper Money of America, Eric Newman, 1967 The Story of the Declaration of Independence, Milhollen & Kaplan, 1954 The author wishes to thank Mr. Herman Ferber of Upper Saddle River, New Jersey, for the excellent photo- graphs. Dr. Aspen Proposes Special Series of Bicentennial Currency Paper money enthusiast and SPMC'er Dr. Nelson Page Aspen of West Chester, Pa., in collaboration with the Chester County Currency Club, has proposed to Arthur Burns, Chairman of the Federal Reserve Board, the fol- lowing numismatic commemoration of the American Rev- olution Bicentennial in 1976: —The $1 bill be continued with the front as it is now with the likeness of Washington, and the back to be changed to depict Washington crossing the Delaware. —The $2 bill be brought back with Jefferson's likeness on the front and the Declaration of Independence (either the signing or the document) on the back. —The $5 bill carry the likeness of Patrick Henry on the front and St. John's Church on the reverse. —The $10 bill carry the likeness of John Hansen on the front and Carpenter's Hall on the back. —The $20 bill carry the likeness of Haym Salomon on the front and on the back Valley Forge, using the winter scene. —The $50 bill carry the likeness of John Paul Jones on the front, and on the back the Bon Homme Richard. —The $100 bill be left as it is with Franklin on the front and Independence Hall on the reverse. —The reintroduction of fractional currency in the 50c denomination with a likeness of Betsy Ross on the front and "Old Glory" on the back. What is the opinion of other SPMC members on this proposal? Write to Dr. Aspen at 1210 Green Hill Ave., West Chester, PA 19380. Recycling Paper Money Residue The Treasury Department used the wet maceration method from 1874 to 1942 to destroy currency. The re- sulting pulp was sold to private contractors and much of it found its way into the hands of people who made such souvenirs as statuary and medallions from it. Relief maps were also made from the pulp. However, over the years the prices which private or- ganizations were willing to pay for the pulp gradually declined, and in 1929 it was even offered to users without charge if they would haul it away, but no one was in- terested. Incineration Currently, the Treasurer of the United States and the Federal Reserve banks and branches receive in excess of $36 million a day which must be burned. The notes are divided into "good" and "bad" bills, with the counterfeit, limp, and mutilated bills being fed into counting machines. They are separated by women who work lightning-quick, and whose touch is so sensitized they can detect a bogus bill in a split second. The unfit bills of like denomination are then strapped into bundles of 1,000 and sent to the cancelling machine. The cancelling machine perforates the bills, with each Federal Reserve bank and the Treasurer's office having a distinctive pattern of perforations of different shapes zig- zagging across the bills. The ashes of the previous day's load are removed from the incinerator and screened to detect "clinkers" (un- burned portions). The bills are then loaded in the in- cinerator, including the confetti-like holes that were punched out by the perforators. Heat of 900 degrees Fahrenheit is required to burn the money. After examination by members of the "destruction com- mittee," a signed certificate is sent to the Treasurer of the United States to verify the amount of money burned. Pulverizing Paper Between $5 million and $7 million in worn bills returned by banks throughout the Southwest used to go up in smoke each week in the basement incinerators of the Federal Reserve Bank of Dallas. Now, the bills are shredded to a fine grayish-green confetti that may wind up as part of the roofing on someone's home. The Dallas bank claims to be first among the nation's 37 Federal reserve offices to destroy its notes this way. The shredded money now ends up with a waste paper supplier, who mixes it with other waste and sells it to a roofing manufacturer. Senior Vice-President Tony Salvaggio said plans were being studied to recycle the currency residue into other usuable forms, such as plastics, stationery and other paper products. The destructor unit, built by J. B. Sedberry Inc. of Tyler, Texas, at a cost of nearly $50,000, is composed of four parts. It sits behind a locked door. Two men feed neatly bundled bills of all denominations onto a conveyor belt, which carries them through high-speed cutting blades. In seconds they are pulverized and dropped through a tube to a basement. Two other men, an audit representa- tive and a security man, watch the process. Down below, beside the huge, no longer used iron in- cinerators, the finely beaten material, looking now like raw cotton, is passed through a perforated screen to in- sure that nothing recognizable as part of a bill has escaped the knives. American Bank Note and International Silver jointly announce a rare and beautiful limited edition: THE LIBERTY BANK NOTE OF 1854 IN STERLING SILVER. An opportunity to own the first in the Sterling Bank Note Series, an historic engraving, an art treasure as well as a valuable collector's piece. EDITION LIMITED TO 7500 INCLUDING REPRODUCTION ON PROOF PAPER TO BE PRINTED FROM THE ORIGINAL 1854 INTAGLIO PLATES. The American Bank Note: It could be the next great collecting discovery of this century. And with good reason. The state of the en- graving art reached its peak in the bank notes issued by American Bank Note Company during the nineteenth century. The finest engravers of the time spent months on a single bank note, engraving in steel, with such incredible detail and delicacy that these notes are works of art to this day. Historically, as well as artistically, the nineteenth century bank note has endless fascination, since it represents the golden age of the engraver. The $100 Liberty Bank Note, as a prime example, dates to 1854. It was issued by the Liberty Bank of Providence, chartered by the State of Rhode Island. The engraving 'was done by Benjamin Tanner from a painting by John Francis Renault. It bears a superb engraving of Cornwallis surrendering to Washington at Yorktown in 1781. How did this rare engraving re-appear, after a century? The American Bank Note Company traces its origins to 1795. Today it is the world's principal producer of bonds, se- curities and travelers cheques, postage stamps and currency for over 70 nations. Renewed interest in the art of engraving has led them to release a limited number of these priceless engravings. And they came to International Silver, the world's largest silversmith. International has been a giant figure in heirloom silver for well over a century. The original engraving, translated to sterling silver. From American Bank Note's nineteenth cen- tury engraving, International Silver has made an exact and authentic translation in .925 sterling. The sterling note is 3-3/4"x 8". At a time of a rising market in silver, there is con- siderable intrinsic value for the precious metal alone. With the silver bank note comes an authentic intaglio print of the actual Liberty Bank Note on proof paper. This has been printed by American Bank Note, from the original engravings, and using the same print- ing process used to print currency over a century ago. Each sterling note and print will have matching serial numbers and will be registered in the buyer's name. Serial Num- ber 1 will be donated to the collection of the American Numismatic Association. A limited edition of 7500. This valuable "objet d'histoire" has been set in a "rare-book" case, suitable for display. A Certificate of Authenticity, signed and attested by Mr. J. Roy Pennell, Jr., one of the world's leading authorities on world curren- cies and engravings, will accompany each note. Each display also contains the fascinating "Story of the Liberty Bank Note": Here is your opportunity to own and display this superb example of an authentic American art form which is re-awakening the interest of the collecting world. As an unusual gift it will be appreciated by anyone who receives it. This edition is limited to 7500 sub- scribers, who will be accepted in the order received. First option for succeeding notes to be offered will go to original subscribers. The Sterling Liberty Bank Note of 1854 may be ordered directly by using the form below or is available at selected fine stores. Sterling Silver Liberty Bank Note with intaglio printed note, in display case. $150. [—American Archives, Dept. BN11 P.O. Box 1776, Wallingford, Conn. 06492 Please send me I iberty Bank Note(s) in Sterling Silver, with reproduction on . proof paper, @ $150 each. Includes postage, insurance and handling charges. Name Address City State Zip_ Total amount enclosed or charged $ Charge my purchase to: Ill Master Charge ❑ Diners Club ❑ BankAmericard ❑ American Express Master Charge Interbank # Account # Expiration date Signature No COD Conn residents add sales tax If not completely satisfied. return wItlun IS days in ortiagul carton for full refund. Offer good in U 5 A only. except where prohibited or restricted by law . REPEATING PATTERNS LARGE PORTRAIT LARGE DETAILED SEAL Fig. 1. Anti -counterfeit design features of the Series of 1869. FIBRES AND TINT GEOMETRIC OVERLAY 11.1,6 ll'EN Vol.. It VI TEx.por.l.tus 4///,,,/ /X, %, 110 , 'aigt872P" In" :r. INTRICATE PAGE 122 Paper Money WHOLE NO. 47 Counterfeit-Proof (?) Currency Designs of 1869 and Later Years By William P. Koster S NOTED in my previous articles in PAPER MONEY. our first Federal paper money, issued during the Civil War in order to help finance that war, was widely counterfeited. The early Interest Bearing notes and Le- gal Tender Notes. as well as the National Bank Notes. were all targets of the counterfeiter's art. At one point in 1867, it was estimated that as much as one-third of all U. S. paper currency then in circulation was counter- feit. This situation, coupled with the fact that most of the circulating bank notes were not redeemable in hard currency. caused paper money to be unacceptable to many people. Where paper money was accepted, its val- ue fluctuated widely with respect to the gold dollar. At the low point, the value of paper money was approxi- mately 35 cents per dollar as compared to hard currency. The counterfeit notes of that era were made by several techniques, but the only really dangerous issues were those clever detailed engravings which looked very much like the real thing, but which never exactly duplicated i t. During this period. ordinary bank note paper was used for the Federal currency issues. Shortly after the close of the Civil War. the Govern- ment launched a two-pronged effort to combat counter- feiting. One facet was the formation of the Secret Ser- vice. aimed specifically at controlling counterfeiting: find- ing the counterfeiters. destroying the currency. and see- ing that appropriate punishment was carried out. The Treasury Department separately set about to design a new issue of paper money intended to be much more difficult to copy than the previous issues. This new cur- rency design was issued as a group of Legal Tender Notes in denominations from $1 to $1000. Series of 1869. New Features of the 1869 Designs The new issue of 1869 incorporated several design features intended to inhibit the type of success which counterfeiters had enjoyed in the previous few years. An examination of these notes suggests that the follow- ing design features were most significant: 1. A large vignette of an individual portrait was used on each denomination. Each of these notes also contained vignettes of other scenes, although the portrait of a historically famous person was pre- dominant. Shortcomings in shading and line grada- tion in a large portrait are somewhat easier to de- tect than in the smaller portraits which had been used on most of the notes of the previous Legal Tender issue (1863). 2. Greatly increased use was made of engraving ma- chines to form intricate, repeating rectangular and circular patterns on these issues. Observe, for ex- ample, the repeated 10's and XX's in the borders of the notes as well as the very fine detail in the large red spiked seal used on all notes of this issue. The fine curves and small repeated details, easily ac- E: N"- Fig. 2. Geometric overlay on WHOLE NO. 47 Paper Money PAGE 123 complished in a precise fashion with appropriate engraving equipment, were very difficult for a coun- terfeiter to duplicate by hand. Experience had shown that the beautifully detailed vignettes used on the First Charter National Bank Notes could be rather well copied (although not duplicated), since they were essentially free-hand engravings. This situation led, therefore, to dropping of the large vignette as a primary quality control feature of a valid note. 3. A repeating geometric overlay pattern of the de- nomination of each note was used on the $1, 2, and 5, and 10 issues of 1869. This overlay provided a small, continuous and repeated background printing of the denomination across one area of the note. Again, making this plate was easy to accomplish with engraving equipment but very difficult as a hand-engraving project. A similar feature was in- corporated into the reverse design of the $50 note of this issue. 4. For these notes, the Treasury used a distinctive semi-translucent, high-strength paper which con- tained bands of relatively coarse jute fibers. A mix- ture of both blue and red jute fibers were employed, but at a high blue to red ratio of about 1000:1. The use of fiber in currency paper was new to the U. S. issues, but not new to paper currency in general. Fibers were used in some of the earlier state bank issues and also in a few of the Confederate issues. The purpose of the Treasury at this point was to use a distinctive fiber paper which could be readily identified and which differed from others then in existence. 5. A blue tint was placed on one side of the paper through the band containing the fibers. This was done to accentuate the presence of the fibers, per- mitting their detection even in a worn note and at the same time adding to the distinctiveness of the issue. The $10 Legal Tender Note of 1869, typical of this se- ries, is shown in Figure I. The various design features referred to in the text are indicated. High magnification photographs of typical overlays and of details in the large Treasury Seal are shown in Figures 2, 3 and 4. The printing features of these new designs all increased the difficulty of copying the notes by hand-engraving, hence, discouraging attempts at copying the currency. The extensive use of engraving equipment for making seals, small geometric details, and overlays was proba- bly the greatest single deterrent to the counterfeiting of the currency. The introduction of the fiber paper was also significant, since a would-be counterfeiter now had to be in collaboration with a paper manufacturer to ob- tain a suitable imitation. Prior to this issue, almost any type of bank note paper which was rather readily avail- able could be used. The use of the fibers, therefore, was simply another step in increasing the difficulty in suc- cessfully copying the bank note issues. 1869 Series Counterfeits How effective were these early counterfeiting mea- sures? Perhaps surprisingly effective. Records show that none of the small denomination notes of the Series of 1869 was ever successfully counterfeited. The design was just too discouraging for the counterfeiter to attack! After all, the First Charter National Bank Notes were still in circulation, as were the Legal Tender Notes of 1863. and these were easier targets. Fig. 3. Intricate detail on reverse of $50 note. Fig. 4. Portion of large seal showing intricate detail produced by engraving machinery. However, both the $50 and the $500 notes of Series of 1869 were copied, and rather successfully at that. A copy of the $50 note bearing the portrait of Henry Clay appeared in 1872. It was considered a dangerous copy. The paper was well-imitated. The note had some small PAGE 124 Paper Money WHOLE NO. 47 deficiencies that could be detected once recognized: the cross-hatching over Clay's head in the vignette was al- most a solid mass; the serial numbers were black or blue-black instead of bright blue, and there was no ruled line between "Series of" and "1869." As a result of this counterfeit issue, the $50 notes of 1869 were systemati- cally withdrawn from circulation and retired as they came through the sub-treasuries. This accounts for the rarity of this note, Friedburg 151, which is probably the scarcest Legal Tender Note. Certainly it is the scarcest of all Legal Tenders issued except for denominations in excess of $100, most of which are non-collectable. A similar fate befell the $500 note bearing the portrait of John Quincy Adams. A good copy was made of this, except that in this case too much red fiber was used in the paper. This issue was also withdrawn from circula- tion. Collectors will note that the next Legal Tender is- sues, Series of 1874, featured completely redesigned $50 and $500 bills. With the exception of these, all of the other basic designs issued in 1869 continued to be used for the Legal Tender issues until their retirements at various times during this century. 1874 Series Changes The Series of 1874 notes incorporated several changes in design apparently in the direction of lowering print- ing costs. The small-denomination notes of 1869 re- quired five printing operations: basic design, green over- lay, seal, serial numbers, and reverse. (In general, the reverse was printed first). In 1874, the overlay was eliminated and the seal was made smaller and simpler. A smaller seal was undoubtedly easier to print and per- mitted a significant cost savings at the printing source. Jute fibers, but using a paler blue tint, were continued. Also, in 1874, the designs of the backs of these notes were changed to provide an open area on each for in- spection of the fiber content of the paper. One specu- lates at this point that the closed back design of 1869 did not permit for adequate inspection of fiber content of the paper once the note became well circulated; hence, leading to the concept of an open space in the back de- sign for this purpose. This concept was also continued throughout the life of the currency series. Beginning in the latter 1870's, counterfeits of the $5, 10 and 20 Legal Tender issues of 1874 and 1875 began to appear. They did not pose the magnitude of prob- lems, however, that counterfeit notes had produced ten years before. With the elimination of the overlay and the small seal, the counterfeiters again thought that they had a chance at success. It may be that these circum- stances led to the re-adoption of the large ornate spiked seal (first used in 1869) on the currency issued during the 1880's. Large spiked seals were used on Legal Tend- er Notes, Gold Certificates, Silver Certificates and the early Coin Notes generally issued from 1880 to the latter part of 1890. The new National Currency issue which appeared in 1882 used a different. but nevertheless, large and fairly ornate seal. Changes in Fiber and Tint The First Charter National Bank Notes continued to circulate in large quantities during this entire period. Jute fiber paper with a blue tint was introduced to these issues early in the 1870's and undoubtedly helped to dis- courage further counterfeiting. To the dismay of the Treasury Department, however, an extremely clever coun- terfeit of the $100 National Bank Note, Series of 1875, on the Pittsburgh National Bank of Commerce (Charter 668) appeared in which the jute fiber was very well duplicated. As a result of this particular counterfeit is- sue, jute fiber was abandoned. The jute fiber and blue tint was replaced with a paper usually containing two straight and parallel continuous silk fibers across the note, one near the top and one near the bottom, generally one red and one blue. A few thin silk fibers about 1/, in. long were also scattered at ran- dom throughout the paper, with only two to three appear- ing in each note. This type of paper was used for all issues of currency beginning about 1880. In circulation. however, this paper tended to tear along the line of one of the continuous silk fibers, and due to its lack of dura- bility it was discontinued in about 1891. The fiber pattern was then changed to two more or less continuous bands of red and blue silk fibers running down each side of the note from top to bottom. The fiber density, however, was much lower than in the previ- ous issues. This practice was followed without signifi- cant change until discontinuation of the large currency in 1929. Photographs at about 5X of the three types of fibers are shown in Figure 5. Note the differences in fiber density and coarseness as explained above. Another issue to fall before the counterfeiters art was the $2 Silver Certificate of 1886 bearing a portrait of General Hancock. This note was well-copied, including an exceptionally good duplication of the silk fiber paper then in use. The note was "affectionately" known as the Japanese counterfeit because of the silk fiber involve- ment. Because of this counterfeiting episode, this $2 design was retired and replaced by the Windom note of 1891. Brown Back Improvements Let us consider again the status of the National Bank Notes . . . while counterfeiting was reasonably well un- der control, a new design of National Currency was de- veloped to provide still greater protection for the issue. This was the brown back series of 1882. Modifications to this issue compared to the First Charter series in- cluded a somewhat more ornate seal, but the chief im- provement was the green-brown lathework overlay on the reverse of the note. The large, intricately detailed brown lathework pattern (produced very uniformly by engraving machinery) was very difficult to copy by hand- engraving. Even at this date, there were no good photo- graphic means for engraving. although occasional, rela- tively poor, photostat copies were attempted. As a coun- terfeit-proof design, these brown backs were also ef- fective. They were never well-counterfeited, although a few bogus notes appeared. The most serious attempts were on the $10 issues of the Third National Bank of Cincinnati ( Charter 2730) and of the Germania National Bank of New Orleans (Charter 1591). 5a. (1869-1880) 5b. (1880-1891) WHOLE NO. 47 Paper Money PAGE 125 Fig. 5. Photographs at about 5x showing fiber content of paper. SE:ItiEt-i OF 1.9()1. 5c. (1891-1929) Coin Note Design Changes Another interesting design change was that of the Coin Notes of 1890-91. The 1890 Series appeared with an ornate, full reverse, extremely detailed and reminiscent of the $10 issue of 1869. With the 1891 Series, the de- signs of all of the backs were changed drastically to in- clude large open areas, presumably to permit examina- tion of fiber in the paper. Since the open back design had been used on the Legal Tender issues since 1874, and apparently with success, there is no obvious explanation for the first adoption of the closed back design on the 1890 Coin Notes. It is evident, however, that the design was quickly changed with the 1891 issue. The motiva- tion for doing this is not really clear, since extensive counterfeiting of the 1890 Coin Notes is not a recognized historical fact. Perhaps the change was made in antici- pation of a developing problem. By the early 1890's, counterfeiting of U. S. currency was rather well under control. Some of those real artists who were caught in the 1870's were on the loose again after serving their terms. They printed a few notes here and there to keep themselves going. But the counterfeit- ing heyday was over, at least the heyday of the engraver who copied Uncle Sam's efforts by hand. In this last decade of the 19th century, however, a new technological threat to the Treasury Department crept over the horizon . . . photo-engraving. The first note to he effectively copied by this technique, in about 1898, shook the Treasury Department so firmly that the entire issue of that particular design was immediately recalled. This was the first time in the history of our paper cur- rency that such action was taken. Perhaps a separate article may permit me to relay this story to PAPER MON- EY readers. Poorly-Inked Notes Resemble Counterfeits One added bit of information is appropriate. Rec- ognizing that the currency printed during this period was done on hand presses using plates inked by hand. considerable variation in quality is sometimes found. Smudges, smears, and over-inked conditions were not really uncommon. These conditions cause suspicion of a counterfeit issue, when such is not really the case. If a blotchy portrait were seen on today's currency, one would correctly assume that a poor photo-engraving job was responsible and that the note was counterfeit. In the 19th century issue, however, faulty printing is the more likely explanation. Figure 6a shows a portion of the reverse of the $20 Legal Tender Note of 1878 com- pared to a latter issue of the 1880 series, Figure 6b. Note that the 1878 note appears somewhat crudely printed, which might cause suspicion of being counterfeit. In reality, this note is simply over-inked. The condition is illustrative of problems encountered by the Bureau of Engraving and Printing when they first took over the printing of the backs of all the currency issues. The green ink of the 1877-78 era simply handled differently than the black ink to which they were accustomed, and new techniques were to be acquired. As shown in Figure 6b, the latter issue is a much better reproduction. be- cause of proper inking. PAGE 126 Paper Money WHOLE NO. 47 Fig. 6a. Reverse of Legal Tender Note of 1878 showing over-inked condition. Fig. 6b. Reverse of Legal Tender Note of 1880, a good impression. Fig. 7a. Portrait of Jackson from $5 Legal Tender Note showing over-inked condition. Fig. 7b. The same engraving as 7a, properly inked and printed. Paper MoneyWHOLE NO. 47 PAGE 127 Also worth considering are the two portraits of An- drew Jackson shown in Figures 7a and 7b. Here again. both are genuine, from series 1875 and 1878 notes. The smudgey portrait, 7a, is simply the result of a heav ily inked plate. In judging counterfeits today, the portrait of Jackson would be considered as a poor photo-engrav- ing job, and of course, counterfeit. In the hand-engrav- ing era, however, the judge of a counterfeit is the uni- formity or regularity of the lines of the background and other features of the portrait. An attempt must he made to see "through" the printing and evaluate the condition of the plate which made the impression. If any PAPER MONEY readers have currency from this era that they would like to have authenticated, I would be happy to examine it and give my opinion without charge. I would expect the owners, however, to pay post- age and registration each way. Library Notes New Acquisitions Henceforth, as each new acquisition is reported here, its library number under the new ANA-type system is included. You may wish to keep your catalog up-to-date by entering the new items in the appropriate category. US90 Shaffer, Neil. A guidebook of modern United S5 States currency. 6th ed. Racine, Wisc., Whit- man. 160 p. illus. (Gift of the author) This latest edition of Neil Shafer's authoritative guide is a marvel of compactness. In sturdy pocket-size, its 160 pages list even the Bureau's souvenir cards issued for ANA conventions. The more conventional listings include all U. S. paper money since 1929 as well as U. S. Military Payment Certificates, with historical data, pro- duction statistics and realistic valuations. The first 20 pages should not be overlooked; they contain a basic training course in paper money lore from the COPE process to the serial numbering system. Shafer and his publisher. Whitman, do not use a numbering system to compound the existing confusion of numbers "inasmuch as the modern notes are clearly marked and cannot he mistaken for others of different types of years." Instead, a space for checklisting has been provided. UA50 Narbeth, Colin. Collecting paper money, a begin- N1 ner's guide. Chicago, Regnery, 1973. 134 p. illus. (Gift of the publisher) This is the 1973 "American" edition of a work first published in England under the same title in 1968. The two editions vary only slightly; the most notable differ- ence is in Appendix I , which in the 1968 edition is en- titled "Studying the Issues of a Bank," while in the 1973 version it is entitled "Studying the Issues of Early Amer- ica. True to its subtitle, this attractive, hardbound begin- ner's guide has chapters on the beginnings of paper mon- ey; collecting; research; early paper money; British, Russian, Chinese and American paper money; stamps used as paper money; World War II and modern is- sues; and counterfeiting, plus a useful glossary. The author is well known in British numismatic and philatelic circles as a hobby journalist and founder of the International Bank Note Society. Change in Librarian Important Notice! Wendell Wolka Assumes New Duties Effective at once, address all requests for library materials to the new Librarian, Wendell Wolka, P. 0. Box 366. Hinsdale, Illinois 60521. He now has physical possession of the library and is ready to serve you. Do not address any more requests to the Editor. However, please continue to send all review copies and donations to her for processing and reporting in our magazine, after which they will be placed in Mr. Wolka's custody. Remember, the new address for the Librarian is: Wendell Wolka, P. 0. Box 366, Hinsdale, IL 60521 Kossuth Note Printed in Britain The British magazine Coin Monthly recently printed a letter from a reader in Australia regarding a supposedly rare type Kossuth Hungarian note. The letter read: "I have in my possession a one florin banknote that was printed for Kossuth, who was Minister of Finance in the Hungarian Government of 1848. When a dispute arose, he declared the independence of Hungary and took government into his own hands. "In preparation for a re-entry into Hungary, Kossuth placed an order with a firm of lithographers in London, Day & Son of Gate Street, to print one florin notes to the value of 100,000,000 kronen; all of which were to bear his signature and were to be redeemable when Hungary was granted independence. "During printing, a specimen of one of the notes found its way into the hands of the Austrian Embassy in Lon- don. As a result, they requested that the printers be charged with forgery. Their request was, however, re- fused because of lack of evidence. "Finally the matter was brought before the Civil Courts and the Austrian Emperor (who was entitled to issue banknotes) charged Kossuth with forgery. The courts agreed and ordered the banknotes to be destroyed. "This was done by a Company of Foot Guards early one morning; the notes being taken away and burnt. "At this time my grandfather was foreman lithographer at Day & Son, and, as was his right, obtained two perfect copies of the banknotes following printing. "I am now in possession of one of these banknotes and am wondering whether (having such an interesting his- tory and being rare) the note is valuable? Perhaps one of your readers may be interested in purchasing it from me?" The note has no pictorial vignettes. The number "1" is enclosed in identical circular lathework counters at top and sides, with the denomination spelled out in four languages. Aside from the central inscription and serial numbers, only the signature of Kossuth adorns the ob- verse. TIE FIRST NATIO►AL NAIR IF GiNCLNNATi .0.1.■•••• 0.1.• O. 0.A.0 TEN lE)IJAVIIS TEN IJOLLARS A002688ATIE FIRST NATIONAL BANK IF :SEARLE FIA • PENNSYLVANIA N Fry. 12, NAIR • O. TEN IM)LLAitti A002688A te r.-a-atEvokr. a • TIE FIRST 0000632A NATIONAL BANK OF HUNTINGDON _,,...77,. =.— •rsaics-Tv DOLLARS 0000632A TWENTY IINDLLARS Areivira con,.. Ir. a 'we APIL '1" 101011EALFI R ASNT S 01 AURORA NO K./M01.1 47471/;i; F000682A F000682A 9 A003761TIE FIRST RANI OF TOWANDA OA ruwTlY&NIa V) ....sm. •r■ rot IIXAM1 ft.1.10 FIVE IMILLARS ,7471°M.LIEW11.1111; .0,,,opgaitgATilisJA%lo2 A003761 39 ■ 8000024A 1.11,W2 . 1111N241110/. TIE FIRST IIIKIHR WI OF GERMAXTOWN 3 eko4•1;04117*" .ga,Z61 ;8000024A — --'TWENTEINOLLARS NMI PAGE 128 Paper Money WHOLE NO. 47 :92,95 ilf11101181_ Bfli 110TE VARIETIES BY... M. OWEN WARNS W ITH the publication The National Bank Note Issues of 1929-1935 in 1970, there has been a steady stream of additional varieties of this issue reported by the membership. In view of this interest our Society has decided to continue to make these varieties known to its members through this column that will appear in succeeding issues of PAPER MONEY. Members wishing to report note varie- ties or unreported notes seen in circulation can do so by contacting M. 0. Warns, P. 0. Box 1840, Mil- waukee, WI 53201. Numerals ADDITIONAL NOTES OF THE FIRST ONE HUNDRED CHARTERS (See Pages 69 - 71, The National Bank Note Issues of 1929-1935) A. 24—Cincinnati, with four National Banks in 1863, led the nation in that respect. None of the four chartered ex- ceeded charter number 93! B. 25—This bank was liquidated and taken over by a newly organized First National Bank in 1882 and was permitted to retake #25. C. 31—After continuous operation since 1863, this bank had $149,150 in outstanding circulation at the end of 1934. D. 38—This bank was liquidated on Sept. 25, 1931 and was succeeded by the reorganized First National Bank, charter 1 3565. E. 39—This bank was still operating at the end of 1934, with outstanding currency of $123,900. F. 86—At the end of 1934, this bank had only $12,500 in outstanding currency. 2 2 • viovxmigsSALtliss,, IRE FIRST KITH/NAL RANI If ii !JA(; A. .A* YORK FIVE 'SOLLARS A006740 222 44:4.,,,.C.4roam t*. mgolo 222 rj:167(40 Mialor nitteN11711aNtiltri7lir THE FIRS' NATIONS RANI Of GRAN ',BURG WISCONSIN TEN ISSOLLAWS V00333A TEVIDOLLULS „, I9000.333A 4 4 TN! FIRST • ' NATIONAL IAN! IF E 0 01577 A KOWA TEN IN AELtSt! %IL SC11 INE ...2"MAINILMSLTala 7..11c.roomsxm's1.47,4:+inuo.. INS FIRST A000869A NATIONAL UN! OF lAINTID POST ,4w yams FIVE TIE COMMERCIAL '•:.:‘ 14000 A012345 NATIONAL BANK Of LITTLE ROCK ARKANSAS FIVE DOILLAIRS A012345 14000 1111411/1431ESSJIISFai TamtwiSlimilx9:4'imAYmnw TNE CEIOSAL f3005226A NATIONAL BANK OF COLUMBIA t••• P5NNSU.YANIA CO en.1.•■■ .1tJaAnC, FIVE IMILLAIIS k B005226A 11"c"<a9 zi•-•',71 3°1. Type I. 3873 TIE CENTRAL I. NATIONAL RANK OF 05 COLUMBIA PINKSYLVANIJI 11 FIVE IHILLARSk A018547 3873 Type H. 3873 587) A018547 ftt S A 4; AVIV= 311.1111114.11GALM101111 5,e,es.av5 20r - IsIVIZs'ARINIA.z. t sus :AS TIE FIRST F000105A NATIONAL BANK Of MAQUoKErA 11WEIVIT DOLLARS F000105A 9 Paper Money PAGE 129 Repetitive Digit Charter Numbers (See Page 73, The National Bank Note Issues of 1929-1935) G. 222 On Lake Cayuga, this bank chartered in 1864 was still doing business in 1934 when it had an outstanding currency of $150,000. TWENTY111OLLARS H. 999 Chartered in 1865 and operated until June 28, 1932, this bank went into receivership, at which time it had $27,320 outstanding. Unusual Numbers J. 8444—Repetitive serial number (see Page 75 of The Na- tional Bank Note Issues of 1929-1935) . K. 1577—Both the note serial number and the charter number are the same. L. 13664—Charter #13664 was the highest chartered bank to issue Type I notes. M. 1400—"From here to there” numerals 0-1-2-3-4-5 for the note serial number in their proper sequence. Charter Number Variety THE CENTRAL NATIONAL BANK OF COLUMBIA, PA. Note the thin left charter number with larger openings on the figures "8" and "3" on both types. WHOLE NO. 47 4.14,-..."...... ,■m%. 1401014AL CURREI4r, TOO NOW is st • t st, n o, . • )1172231 erkilx,7--rii'N 4 -, , . . a., s), k- 9,,,,,,..„7.,.... -."-* 4••••••• 4,3,,,..4...w.u444,9.t, I'v ) pc..ti1 tiv„ , IMAIM_SA • .1 1 ,2).4y2:21-.1.L.tj • 6,N=tf. ' C:S■Irt PAGE 130 Paper Money WHOLE NO. 47 It is not likely that the left charter number resulted from wear since comparable wear to the right charter number is absent. The pronounced difference in size between left and right charter numbers has not been reported on other notes of this issue. The comparatively small quantities of notes printed for this bank cannot be considered as a contributing factor of wear when we take into account the hundreds of thousands of notes printed for #13044 (California), #1461 (New York), etc., with appreciable wear reported. Correction In the last installment of this series, Vol. 12, No. 1, a line on page 23 was transposed. The "0" entry should read: 0. This was the highest charter numbered bank to have $100 Type II notes issued. There was a total of 300 notes, of which 250 were placed in circulation; serials 251 to 300 were cancelled. The signatures were of A. G. Prange, president, and W. W. Prange, cashier, father and son! Collaborators: Dennis Forgue, John Hickman, Art Leister, Dean Oakes, Harry Schultz, Hank Spangenberger and John Waters. Statistical References: courtesy Louis Van Belkum Engraved Vignettes of Independence Hall Now Available From The Bureau of Engraving and Printing The Bureau of Engraving and Printing announced that prints of the engraved vignette of Independence Hall are now available in its series of reproductions of historic and other well-known American buildings. The selection of this famous edifice for addition to the set is believed to be especially appropriate as the nation approaches the forth- coming celebration of the Bicentennial of the American Revolution. The vignette was adapted from the original engrav- ing produced by personnel of the Bureau's staff and is the central feature in the back design adopted for the $100 currency note when the small-sized currency was in- troduced in 1928. The prints also were produced by means of the same crafts and processes as are employed in the printing of United States currency and postage stamps. In addition to Independence Hall, other vignettes in the Bureau's series include two views of the Capitol and three of the White House, along with prints of the Bureau of Engraving and Printing, the Supreme Court, the Depart- ment of the Treasury, and the Washington City Post Of- fice buildings, and the Lincoln Memorial, Monticello, Mount Vernon, and Wakefield, the birthplace of our coun- try's first President. Prints of the vignette's having an image size of 2 inch- es by 4 1/4 inches on 6 by 8 inch card stock, are priced at 60c each, or $6.25 for the set of 14. Orders, accompanied by either check or money order should be addressed to the Office Services Branch, Bureau of Engraving and Print- ing, Washington, D.C., 20228. Matt Rothert Fractional Currency to be Sold by American Auction Association Featured at the Nov. 16-17, 1973 sale of the American Auction Association, Inc. (a division of Bowers and Ruddy Galleries, Inc.) will be the superb collection of U. S. paper money and fractional currency formed over a long period of years by Matt Rothert, past president of the American Numismatic Association and SPMC 166. The fractional currency collection is the largest, finest, and most comprehensive ever offered for sale. It is re- plete with many rare, extremely rare, and unique varieties. Many of these notes were used to illustrate Mr. Rothert's reference book on the subject, A Guide Book of United States Fractional Currency, published by Whitman Pub- lishing Co. Other U. S. paper money in the Rothert offering cover both the large-size and small-size series. Included among the former are many popular and rare issues such as the $50 St. Louis Federal Reserve note (fewer than 20 of these are known to exist), one of two Petaluma, Cal. National Gold Bank $100 notes, the popular "Onepapa" notes by signature varieties, and rare varieties of the $20 "Technicolor" note. In addition, the November sale will feature several other important numismatic prop- erties. Copies of the Rothert Collection catalog, destined to be a collectors' item in itself, are available for $2 post- paid before the sale, $5 after it, from American Auction Association, Inc., Suite 810, 6922 Hollywood Blvd., Holly- wood, CA 90028. The $2 price includes a list of prices realized. James F. Ruddy, spokesman for the firm, states that the catalog will be ready for distribution October 15; supplies will be limited, so early orders are advised. Participation in the sale will be both by mail and in person. It will be held Friday evening, Nov. 16, and Saturday afternoon, Nov. 17, 1973, in Hollywood, Cal. FLORIDA NOTES WANTED ALL SERIES • A lso WARREN HENDERSON P. 0. BOX 1358, VENICE, FLA. 33595 A Good Stock Of Notes Available E iiii%/////:•///// 1";/'(//',/,) ///e. STAT HANK of • itz-ite- ?/2 114iik arVINVENWKS ' //e/ 0(//// Er/ (A, // • / i/lefr-N/7141 0 , / 1 Mat-ny, 1.1ria,e Palea.n1C. .‘ THE PILE S1:` , EN' 1)1RECTDR.S It; C= 7( ' .2-.64,AnK.,,...rlei.(3.1.):01-11(61_,/,,,„„ J e 7 ../f , /...., ,ietti://,<, /.,.. err,. ic,.. , he sr s - , , t ._,.4., / 1 ! ‘ Aii stf_ 14 4,,,i/'? 1̂ ---- .// (4% .' :" .1) OLLAR S //// , ,,7//(/7/ 1 1 „;f2ije_ fief/ir ,..- -,--,—_-..I.; _„„... e/ h,,,P,We Y145:p.2,62`r:r laiZEZV7 US' J 0 /1 de' BAN / K ory IN cE141 4y,01, t / rc) -/75, --' /77 774/ '7‘.-A147‘1(32"•-ivell._ 4 ir4o1.--e"? . 4 ,• /(4((^1 (9'; ( 1/ 4- (1;7/,(2 :‘,14, /(5/f WHOLE NO. 47 Paper Money PAGE 131 The First State Bank of Indiana By Louis H. Haynes Notes of the Brookville branch of the First State Bank of Indiana Text on Page 1 32 .411144tESilli trNx.r_f-Zr —WO ter , 11 1: I pN r_ex RECo or OFCUFIRt'41F"DS PAGE 132 Paper Money WHOLE NO. 47 O N August 21, 1814, William Polke laid before the Indiana House of Representatives at Corydon a petition for a charter to establish a hank at Vincennes. Five days later it was passed. In September, Territorial Governor Posey approved the Act which authorized it until 1835. The preamble to the Vincennes charter offered a partial explanation of the motives for its found- ing. It read: "Whereas it is represented to this legislature that the establishment of a Bank at Vincennes, upon principles which will afford adequate security for an upright and prudent administration thereof, will tend to give facil- ity to the obtaining of loans for the use of the Terri- tory if needed, and will be productive of considerable advantages in promoting and fostering our infant manu- facturies, encourage trade, enterprise and Industry. . . ." The capital stock of the Vincennes bank was not to exceed a maximum of $500,000.00 in shares of $100.00 each. The requirement of $5.00 down payment on each share made it appear favorable to purchasers; however, if a subscriber failed to make the second payment at a time appointed by the directors, he forfeited the sums already paid to the corporation. Also, no person, etc, could buy more than 200 shares of stock. Nathaniel Ewing, one of the most prominent men of Vincennes who had been receiver of the Public Lands for the United States since 1807, was the first president of the Bank of Vincennes. His signature appeared on all notes during his term of office. Mr. Ewing was president from the bank's founding until March 7, 1821. This was a period of about seven years. Then David Brown suc- ceeded him as president. The first constitution of Indiana, which passed in 1816, forbade the establishment of any bank unless it should he a state bank with branches. It did, however, confirm the charter of the Bank Of Vincennes, and on January 1, 1817, a law was passed making it the First State Bank of Indiana. The charter was amended to authorize an additional million dollars of capital in units of $100.00, making $1,500,000.00 its total capitalization of which $375,000.00 was reserved for the state. If the state pur- chased stock, then it would have a right to appoint some of the directors. The bank was required to lend money to the state at 6% annual interest. Fourteen branch banks were authorized and officers and appropriate books were made for all 14; however, only three branches ever opened. These were at Corydon, Brookville, and Vevay. All of the notes pictured are from the Brookville Branch of the Bank. Brookville is written in ink on each of these notes; otherwise they are the same in all respects as the home bank notes of Vincennes. The First State Bank was badly, even fraudulently, managed. President Ewing and Judge Park, also a director, had interests in a steam mill which formerly issued notes, and the mill owed the bank $116,284.00, of which it was claimed that Mr. Ewing and Cashier Elias Boudinot embezzled $91,000.00 by drawing false bills of exchange on members of the steam mill. They were only censored for these unlawful acts. The bank, even though it was insolvent, on June 10, 1821, issued a 10% dividend to stockholders. What made the bank insolvent was the fact that on February 10, 1821, the steam mill burned to the ground and after that could not pay a cent of the $116,284.00 that it owed the bank. Before the Legislature adjourned in 1821, it ordered the Circuit Court of Knox County to issue a "Quo Warranto" writ against the bank. The next June term of the Circuit Court brought the bank to an end, when surrender of the Charter was ordered. The notes illustrated can certainly be called "broken banks notes," as they are worthless notes of a bank which went completely broke, and a state bank at that. These pieces of paper money are saved by many as historical artifacts of an era when the "wildcat" banker belonged in the same class as the professional bank robber. REFERENCES: History of Old Vincennes and Knox County, Greene Indiana University Studies #15, Apr. 15, 1912, Logan Essarey Indiana From Frontier to Industrial Commonwealth, Vol. 1, Barnhart & Carmony The Numismatist, Feb. 1961, "Paper Money of Indiana," Dr. E. D. Skeen WANTED OBSOLETE PAPER MONEY (Bank Notes. Script, Warrants, Drafts) of the AMERICAN WEST Oregon, California, Idaho, Nevada, Arizona, Utah, Mon- tana, New Mexico, Colorado: Dakota, Deseret, Indian. Jefferson Territories! Cash paid, or fine Obsolete Paper traded. Have Proof notes from most states, individual rarities, seldom seen denominationals, Kirtlands, topicals; Colonial, Continental; CSA, Southern States notes and bonds. Also have duplicate Western rarities for advantageous trade. JOHN J. FORD, JR. P. O. BOX 33, ROCKVILLE CENTRE, N. Y. 11571 31,AVE IONE ONE 1,0NE inn:;" ev/ ) NATIONA::I -cos t: WHOLE NO. 47 Paper Money PAGE 133 First Charter One - Dollar Nationals By Howard W. Parshall Original Series First Charter one-dollar note without bank charter number 1875 Series First Charter one-dollar note with bank charter number F IRST Charter one-dollar Nationals, issued for only 13 years (1865-78), are very scarce. According to William H. Dilliston (National Bank Notes in the Early Years, Numismatist Reprint, page 23) a total of only 23,167,677 notes of the one-dollar denomination was issued and placed in circulation. As of October 31, 1879, ten months after the issue and reissue of such notes had been prohibited by statute, 3,569,200 were outstanding. As of October 31, 1898, this number had been reduced to only 349,181 notes. For the next 50 years (August 31, 1948) only 9,343 additional notes were redeemed, leaving 339,838 out- standing at that time. Of this number many thousands have undoubtedly been lost through fires, careless hand- ling, floods, and other misfortunes. For the past several years this writer has scanned auction catalogs, dealers' mail lists, currency publica- tions, and dealers' open stocks in compiling a file of known First Charter one-dollar Nationals. The writer has identified notes from 329 banks in 28 states, eight banks in five territories, and one bank in the District of Columbia. Most of these notes are of the Original (1865) series as might be expected. In all, 247 banks issued only Original series notes; 31 issued both Original and 1875 series notes; and 61 banks issued only the 1875 series. More National Banks in New York issued one-dollar First Charter Notes (73) than in any other state. Massachusetts follows with the second largest number (65) of banks. In five states (Colorado, Kansas, Nebraska, South Carolina, and Tennessee), only a single bank has been identified which is known to have issued notes of this period. In five additional states (Delaware, Kentucky, Louisiana, Maryland, and West Virginia), only two banks within each state appear to have issued First Charter one-dollar notes. The First National Bank of Pueblo, Colorado (Charter #1833) was the only bank to issue both "territorial" and "state" one-dollar Nationals. PAGE 134 Paper Money WHOLE NO. 47 Banks issuing one-dollar Nationals, which have been identified by the writer, are listed below under district, territory, and state. Each bank may be identified by its charter number. The series of notes issued by a bank is indicated im- mediately following its charter number. The symbols used are as follows: Original (1865) series, "65", 1875 series, "75". Banks issuing Original series notes with charter number are indicated by the addition of a "W" to the identifying series symbol, thus: "65W." If a bank issued Original series notes without and with the bank charter number, this would be indicated in the following manner: (65, 65W). If it issued both Original and 1875 series notes, the symbols would be: (65, 75). Only a few sheets of one (three notes) and two- (one note) dollar notes appear to exist today. These may be classified as: (1) uncut, (2) cut, and (3) reconstructed. Uncut sheets exist on three banks in three states: Illinois, #511 (65) ; Pennsylvania, #234 (65) ; and Ten- nessee, #336 (65). Cut sheets are known on six banks in five states: Illi- nois, #2011 (75), #2126 (75) ; Indiana, #2057 (65) ; Massachusetts, #2275 (75) ; Minnesota, #2268 (75) ; and Missouri, #1712 (65). Reconstructed sheets have been located on eight banks in six states: Illinois #1907 (65), 2011 (65), 2126 (65) ; Indiana, #2057 (65) ; Massachusetts, #2275 (75) ; Min- nesota, #2268 (65) ; Missouri, #1712 (65) ; and Ohio, #858 (65). DISTRICT BANKS DISTRICT OF COLUMBIA: 1 bank, charter #1893 (65). TERRITORIAL BANKS COLORADO: 2 banks, charters #1651 (65), 1833 (65). DAKOTA: 1 bank, charter #2068 (65W). MONTANA: 2 banks, charters #1649 (65), 2106 (65). NEW MEXICO: 2 banks, charters #1750 (65, 75), 2024 (65). UTAH: 1 bank, charter #2059 (65). BANKS BY STATES COLORADO: 1 bank, charter #1833 (65). CONNECTICUT: 17 hanks, charters #4 (65, 75), 250 (65), 361 (65, 75), 394 (75), 450 (75), 657 (65), 670 (65), 927 (65), 928 (65), 1037 (75), 1098 (65W), 1216 (65), 1268 (75), 1321 (75), 1360 (65), 1377 (75), 1382 (65). DELAWARE: 2 banks, charters #1190 (65), 1281 (65). ILLINOIS: 17 banks, charters #176 (65), 177 (65), 205 (65), 236 (65), 276 (65), 724 (65), 763 (65), 967 (75), 979 (65), 1428 (65, 65W), 1791 (65), 2011 (65W), 2016 (65), 2047 (65), 2048 (65), 2100 (65), 2126 (65, 75). INDIANA: 14 banks, charters #11 (65), 37 (65W), 55 (75), 105 (65), 699 (65), 804 (65), 930 (75), 989 (65), 1102 (75), 1103 (65), 1854 (65), 2057 (65), 2119 (65, 75), 2213 (65W). IOWA: 4 banks, charters #66 (65), 1776 (65), 2028 (65), 2215 (65W). KANSAS: 1 bank, charter #1915 (75). KENTUCKY: 2 banks, charters #1847 (65, 75), 2062 (65). LOUISIANA: 2 banks, charters #1626 (65), 1796 (65W). MAINE: 7 banks, charters #61 (65), 221 (65), 367 (65W), 840 (65, 75), 1023 (65), 1079 (65), 1108 (75). MARYLAND: 2 banks, charters #1211 (65), 1589 (65). MASSACHUSETTS: 65 banks, charters #79 (65, 75), 96 (75), 156 (65), 200 (65), 256 (65), 261 (75), 308 (65W), 322 (65), 359 (65), 393 (65), 408 (65, 75), 416 (65), 418 (65), 460 (75), 490 (65, 75), 510 (65), 524 (65), 545 (75), 554 (65, 75), 572 (65), 583 (65), 590 (65), 601 (65), 603 (65), 609 (65), 618 (65), 625 (65), 633 (75), 638 (75), 646 (65), 647 (65, 75), 669 (75), 672 (65, 75), 677 (65, 75), 684 (65), 688 (65), 743 (65), 746 (65), 753 (75), 764 (65), 766 (65, 75), 824 (75), 847 (65), 866 (65), 885 (65), 918 (65), 934 (75), 958 (65), 969 (75), 985 (65), 986 (75), 993 (65), 1018 (75), 1029 (65, 75), 1085 (65), 1107 (75), 1170 (65), 1203 (65), 1246 (65), 1295 (75), 1320 (75), 2103 (65), 2112 (75), 2275 (75), 2396 (75). MICHIGAN: 13 banks, charters #116 (65), 155 (65), 390 (65), 410 (75), 1533 (65), 1550 (65), 1722 (65), 1731 (75), 1866 (65), 1919 (65), 1924 (65), 2008 (65), 2095 (75). MINNESOTA: 4 banks, charters #1623 (65), 2006 (65), 2073 (65), 2268 (65). MISSOURI: 3 banks, charters #1701 (65), 1712 (65), 1843 (75). NEBRASKA: 1 bank, charter #1855 (75). NEW HAMPSHIRE: 7 banks, charters #19 (65, 65W), 576 (65), 758 (65), 946 (75), 1070 (65), 1147 (65), 1353 (65). NEW JERSEY: 8 banks, charters #281 (65), 892 (65), 951 (65), 1168 (65), 1251 (65), 1452 (65), 2040 (65W), 2076 (65). NEW YORK: 73 banks, charters #35 (65W), 87 (65, 75), 163 (65), 166 (65, 75), 185 (65), 223 (65, 75), 255 (65), 266 (65), 295 (65), 307 (65, 75), 316 (75), 334 (65), 342 (65), 382 (65), 402 (65W), 453 (65, 65W), 456 (65), 640 (65W), 659 (65, 65W), 706 (65), 801 (75), 811 (65), 886 (65), 893 (65), 904 (65), 905 (75), 914 (65), 917 (65), 923 (65, 75), 949 (65), 955 (75), 971 (65), 972 (65), 980 (65), 981 (65, 75), 991 (65W), 998 (65), 1026 (65), 1040 (652_ 1072 (65), 1075 (65), 1091 (65), 1130 (65), 1189 (65), 1196 (65), 1208 (65), 1212 (65), 1213 (65), 1215 (65, 75), 1227 (65W), 1250 (65), 1262 (65), 1264 (65), 1271 (65), 1323 (65), 1344 (65), 1352 (75), 1357 (75), 1389 (65, 65W, 75), 1393 (65), 1395 (65, 75), 1410 (65), 1426 (65), 1473 (65), 1503 (65), 1509 (65), 1513 (65), 1525 (65), 1531 (65), 1691 (65), 1772 (65), 2224 (65, 75), 2229 (65). OHIO: 23 banks, charters #3 (75), 27 (65), 91 (65, 65W), 215 (65), 248 (65), 350 (65), 436 (65), 443 (65), 480 (65), 492 (65), 652 (65), 773 (65), 858 (65, 65W), 907 (75), 911 (65), 1006 (65), 1044 (75), 1904 (75), 1929 (65), 1942 (65), 1982 (65), 2061 (65), 2181 (65). PENNSYLVANIA: 18 banks, charters #291 (65), 371 (75), 373 (65), 535 (65), 544 (65), 546 (65), 566 (65), 569 (65), 605 (75), 610 (75), 675 (65), 768 (65), 835 (75), 870 (65), 912 (65), 1094 (65W), 1647 (65), 2050 (65). RHODE ISLAND: 20 banks, charters #134 (65, 75), 843 (75), 856 (65, 75), 948 (65), 952 (75), 1008 (65), 1030 (65), 1036 (75), 1054 (65), 1131 (65, 75), 1206 (65), 1283 (65, 75), 1292 (65), 1339 (75), 1366 (65), 1419 (65), 1472 (75), 1492 (65, 75), 1546 (65), 1592 (65). SOUTH CAROLINA: 1 bank, charter #2044 (65). TENNESSEE: 1 bank, charter #2167 (65W). TEXAS: 3 banks, charters #1642 (65), 1657 (65), 2092 (65). VERMONT: 15 banks, charters #122 (65), 130 (65), 194 (65), 278 (65), 489 (75), 857 (65), 962 (75), 1133 (65), 1140 (75), 1163 (65), 1364 (65), 1406 (65), 1450 (65), 1653 (65), 1673 (75). WEST VIRGINIA: 2 banks, charters #360 (65), 1607 (65). WISCONSIN: 3 banks, charters #157 (65), 2125 (65), 2344 (75). In this writer's opinion, this list of banks known to have issued First Charter one-dollar notes is incomplete. This report should be viewed as initial research on a most interesting type and denomination of United States currency. In time, perhaps hundreds of banks will be added to this list as additional one-dollar notes are located and reported. You, the reader, can assist in this search by reporting to this writer any notes known to you but not contained in this report. In reporting a note please give the city and state, bank title, series, treasury officials, charter number (only if it appears on the note), and condition of the note. Bank and treasury serial numbers (indicate whether RED or BLUE), check letter and bank signatures would be appreciated also, if available. Did you know that the biggest laundry and ironing business used to be located in the Treasury Department? We used to wash and iron our money when it became soiled. This was done from 1912 to 1918 at an approximate cost of 30c per 100 pieces, and we laundered about 35,000 pieces a day. If interested in how and what we did, read the article by Forrest W. Daniel printed in PAPER MONEY Vol. 6, 1967, No. 2. /17y- WHOLE NO. 47 Paper Money PAGE 135 A Drawback Certificate By Forrest S ILVER and gold certificates? Certainly! But Draw- back Certificates? Yes, those too. Drawback certif- icates are obligations of the United States Bureau of Customs. The one under consideration was issued by the Custom House, Collectors' Office in New York, on December 31, 1867, in compliance with "An Act to pro- vide increased Revenue from Imports, to pay Interest on the Public Debt, and for other Purposes" passed August 5, 1861. A drawback is defined as money paid back or remitted after being collected, especially duties or customs repaid when the items on which they were collected are exported. In this case it was a return of duties paid ($106.40) on imported raw materials (tin plates) which had been manu- factured (by F. W. Devoe & Co.) into finished products (tin cans) and exported (to Cuba). The rebate was limited to "articles wholly manufactured of materials im- ported" except that ten per cent of the amount of duty paid was retained by the government. It is a large note 9 by 6-9/16 inches; a counterfoil on the left was retained when the certificate was issued. From the holes at the left edge it appears that the can- celled notes were bound into a book after being paid. The border, dollars and number counter scrolls and the back- ground words "Domestic Manufactures" are printed in gold-colored ink; the rest, including reverse-type panels with the date of the act and Treasury instructions set into the side borders, is black. Pictured at the top center is a busy harbor scene. The drawback certificate was printed by the National Bank Note Company. A blind seal at the lower right has a sailing ship with clouds and sun above and "Custom House Collectors Office District of New York" around. Another blind seal on the left has a steam ship; the legible part of the lettering reads " * District & Port of New York. . . ." There is an oval blue rubber stamp at the center right: "Paid / Feb. / 5 / 1868 / Custom House, N. Y." Other markings in- clude initials at the left, a signature at the top, and an endorsement on the back. W. Daniel The body of the certificate reads: "I hereby Certify, that the sum of One Hundred & Six Dollars and Forty Cents, will be due from the United States of America. Payable to F. W. Devoe and Co. or Order on the Thirtieth day of Jany 1868 for the Drawback of duties on Tin Plates im- ported from a foreign country, manufactured in the United States, into Tin Cans and now exported by Ferer & Medina on this Thirty-first day of Dec. 1867 in the Bg `Geo Burn- ham' McLelland Master, bound for Havana." It is signed by the collector and countersigned by the naval officer. While that seems to cover the subject, the certificate itself is the eighth of 13 forms described in 14 pages of Treasury instructions covering the issue of drawbacks. In order to receive the drawback the exporter, at least six hours before the manufactured items were loaded for export, was required to lodge with the collector of cus- toms his intention to export the goods with a list of the marks, numbers and particular description of the articles with their quantity and value, the manufacturer, the place of deposit, the name of the vessel or other conveyance in which they were to be transported, and the port or place to which they were being shipped. He was also instructed to list separately the entry of each of the materials used in the manufacture of the exported items including when, where, whence, by whom and on what vessel the materials were imported and specifying the quantity and value of those materials used in the manufacture. That informa- tion was verified by oath or affirmation by the proprietor or foreman of the manufactory where the articles were made. When those forms had been prepared in duplicate the collector, or surveyor, if there was one at the port, was required to examine the shipment personally, or by agent, to ascertain that the shipment was as described and to place a mark on each article or package in the shipment. If the articles were found to be entitled to a drawback, the form entered by the exporter was sent to the surveyor to have the weight, gauge, measure or count of the articles confirmed and returned and the articles laden for exporta- tion. When practicable, the officer who made the original PAGE 136 Paper Money WHOLE NO. 47 inspection was to superintend the lading in order to iden- tify the goods. Before clearance of the vessel the ex- porter was required to complete an affidavit that all was as certified. The exporter then posted bond equal to the full value of the exported goods, one of the two required sureties to be the master or person in charge of the vessel or other conveyance on which the goods were shipped. A condition of the bond was that the goods be not relanded within the limits of the United States except by shipwreck or un- avoidable accident. Proof of delivery of the goods to a foreign port within a certain period of time was required to void the bond; otherwise it remained in effect. If the goods were to be shipped in a vessel landing at ports in the United States before proceeding to the fqr- eign-port destination, or if the goods were shipped over- land to a United States port for lading upon a ship, the collector of customs at the final port of departure within the United States was required to inspect the cargo to see that the shipment was still intact and relay that informa- tion to the collector at the original port. When the foregoing procedures were carried out and the forms completed, the computations to determine the amount of the drawback were made and the certificate, payable after 30 days, was issued. The certificate forms were prepared in book form and numbered consecutively, beginning the first day of July and ending the last day of June annually. They were paid at maturity by the col- lector who issued them. In addition to the endorsement, the payee was required to sign a receipt on the original stub for the payment. Funds to pay the certificates, when they fell due, were drawn each month by the collector acting as disbursing officer of the Treasury. The amount drawn was based on his monthly report of drawback certificates issued, re- deemed, and falling due in the next month. A quotation from the Treasury instructions dated January 22, 1862: "Domestic manufactures, in order to be entitled to the benefit of drawback, under the section afore- said and these regulations, must have been wholly manu- factured of materials imported on which duties have been paid, and, further, such importation must have been since the revision of the tariff acts, (August 5, 1861), and the duties thereon paid under the said acts as so revised, and no drawback can be allowed on articles manufactured, in whole or in part, from materials not so imported." The rate of drawbacks to be allowed were specified in the instructions as follows: On the products of raw sugar—Refined (A) (crystaline [sic] sugar, 2% cents per pound ; Soft (B C and lower grades) sugar, 2 cents per pound. Syrup of sugar, (sugar-house molasses,) 5 cents per gallon. On the products of linseed—Linseed oil, 5 cents per gallon ; Oil cake, (from linseed,) 17 cents per 100 pounds. On the products of hemp—White cordage, (from Manilla hemp,) 1 1/8 cents per pound; Tarred cordage, (from Russia hemp,) 1% cents per pound. On the products of molasses—New England rum, 5 cents per gallon, (proof) Clarified molasses, 5 cents per gallon. On the product of copper ores—Copper, (in pig, ingot, &c, &c.,) 5/8 cent per pound. On the product of rough rice and rice in the husk—Clean rice, (from paddy, paying % cent,) 7/10 cent per pound ; Clean rice, (from rough rice, paying 1 cent,) 1 1/10 cent per pound . . . accord- ing to the net weight measure or count of the articles, less ten per cent retained for the use of the United tates. There was no duty on tin plate in the tariff act of 1833, but a duty of 2 1/2 per cent ad valorem was imposed by the act of August 30, 1842. Products manufactured from imported plates then became eligible for drawbacks. In 1864, the duty was increased to 15 per cent ad valorem— the rate in effect when this drawback certificate was issued. The rate was made a specific 1.1 cents per pound in 1875 and reduced to 1 cent per pound from 1883 to July 1, 1891. Until the tariff act of 1890 increased the duty to 2.2 cents per pound practically the entire supply of tin plate was imported from England and Germany. The 2.2- cent rate was high enough to encourage domestic manu- facturers to enter the field, and the United States became a major producer of tin plate. Drawbacks were not singled out in general Treasury reports, so details of the amounts involved are scanty. The report for the fiscal year following the issue of the subject note (dated June 30, 1869) lists as one entry debentures, drawbacks, bounties and allowances paid to 66 accounts amounting to $556,966.13. SOURCES: Act of August 5, 1861, U. S. Statutes at Large Treasury Circular Instructions, January 22, 1862 Statement of W. B. Cronemeyer to the House Ways and Means Committee, January 9, 1897 Report of the Treasury Department, December 1, 1845 Message and Reports, 1869-'70, Abridgement, GPO 1870 The Tinsmiths of Con- necticut, by Shirley Spaulding DeVoe Late Convention News PM to be Published Six Times a Year Beginning in '74 Because this year the ANA convention and our SPMC annual meeting held in conjunction with it took place a week later than last year, it is not possible to have a complete report on the proceedings and social events. That will appear in the next issue along with a summary of Mr. R. P. Charles' address on counterfeiting. However, the most important pieces of new business must be recorded here briefly, with more details to come in the next issue: 1. Beginning with the first issue of 1974, PAPER MONEY will become a bimonthly publication six issues instead of four a year as previously. A complete schedule will be printed in No. 48 but for immediate advance planning purposes, the schedule for No. 49, the January 1974 issue, is: Copy must be in editorial office by Dec. 1, 1973 Ad copy must be in editorial office by Dec. 15, 1973 Magazine printed and mailed on Jan. 10, 1974 The same interval of a little more than three weeks between final ad copy submission and publication will be maintained. Advertising rates will remain basically the same with the only changes being in the contract rates which now will span six issues. The price "break" for contract rates will be based on the same formula used heretofore. 2. Because of ever-increasing costs, the Board of Governors has voted to increase membership fees to $8.00 a year beginning with 1974. Since six issues of PAPER MONEY will be furnished, members will actually be getting more for their money. 3. The Minnesota obsolete paper money book is about to be printed; a second printing of the 1929-35 National Bank Note book is now available. 4. The American Bank Note Co. will donate to the Society an intaglio printing plate for future membership cards, a unique distinction for us. Remember: Six issues a year beginning in '74, with dues increased only commensurately. SPMC is still the best value in paper money organizations. Compare! tw".611:_. j _kJ J., 11 % ,,f11■140,‘ 1)1' *41,1WIC millMNIGIIIAS Wit41.tirs..11.$ rDrlimns ucaDn mum. - ..1 0141411P141 8 m....ansar wonormos ■■•=1.111.. 1.11110011.11GMBRINV.' lona maleTernnt =AMMON Dr KAN], innwt omosinomontaitnnourdrats Ali" WHOLE NO. 47 Paper Money PAGE 137 The Inverted Overprint Error By Lee Worthley POSSIBLY no other error has received as much pub licity as this one. Several newspaper articles con- cerning the finding of one of those notes have been writ- ten. I have talked with individuals who received these upside-down notes from a bank, only to take them hack and request "normal" notes. Currently, this error is very desirable, because it is no longer being mistakenly printed. Aside from the $1.00 denomination, all the inverted overprint notes known are from the 1950 series, and none are known in any later series. This error was caused when the sheet was inadvertently rotated 180 de- grees before the overprinting operation. This could hap- pen when a pressman removed a sheet of currency every now and then for a visual inspection, and, finding noth- ing amiss, replaced it on the pile, but upside down. This remarkable error has been found in every de- nomination except the $50.00. It seems highly unlikely that at least one full sheet of $50's was not printed up- side down, but nowhere can I find evidence of one $50.00 invert. I have scanned auctions of years gone by with negative results, and correspondence with in- terested error collectors has produced nothing, not even the whereabouts of one single $50.00 invert. There are still large unknown currency collections, and perhaps one of them has this denomination hidden away. I would certainly welcome any information pertaining to this unknown note. Each passing year finds this error tougher to find, as the last ones were printed in the late 1950s. The $1.00 denomination is the most common, when it can be found. And this is the only denomination that has more than one variety. Some of the $1.00 inverts had the signatures and series year inverted, while the serials and the Treasury Seal were normally printed. The re- cent Julian Marks auction had one such note. This note is also pictured in the Donlon catalog of small-size pa- per money. The $2.00 note is the rarest, with only two or three accounted for. But here again we can assume some are hidden in large unknown collections. The $100.00 note is extremely scarce, with only a small hand- ful known. Even the star series did not escape this error, and $1.00, $10.00, and $20.00 invert start notes are known. While this mistake occurs mainly in the small-size notes, several large size $1.00 notes are known, the most com- mon being from the Grinnell auction. It seems unlikely we will ever see a comeback on this error due to the newer and more advanced printing methods and the fact that inspections are keener now than they ever have been. Those who have this error in their collections have a real showpiece. ENERGENCYP4°14114k NOTE OF 1941 °'4t THE Pii1UPPINE WILL PAY DIE TWENTY CENTAVOS 4I 1!'.'• Iv t'Aszif 7 i 084 ON DEMAND NATIONAL BANK Zmi UPI WILAW/VI. CYR... V 0. 7.1 1...14.1.1t. • AU AMUR Ali. iCart (LOU CIRRENEY COINMST T CC ; 10 • us, .tis mu,. usu. Yelten, 111, 00111 -4L-4114/111klIc 1441"rAotr wo 6pvaram 04k, CIE N TAN/0 S •• Ar el) ti '•44.t41,1 01 a . SY T14 USU. CURRENCY PIIMMITTEF. BY AUTUORIT'r PRESMCY1 TA: PHILIPPI.] 1941 , ••••••...o..■■••••••••••••........,■••••••••••••••••■......O.N.O... TM.) [Nano° CRIVIV. By Aothfitity of the President of the COMMONWEALTH OF THE'PHILIPPINF-S SE0.115. 1944 SL# trwr 4 it. sift .1 13076 urc• Isuninawn 4 TWENTY PESOS MINDANA GENCY CURRENCY BOAR PAGAN FLORtNTINO I ti•RBAsA Ulf M.. 1.513r10 rt_10-1,01ElancilEL3E101.51-2t' MINDANAO FMERGENCY CURRENCY .E.CARD FI-111FPINFS TWENTY PESOS This note is redeemable at face value after the emergency and p Will not be devaluated or discriminated against Kining sapi-a kailnyrn oarnala taintnanakagulait tI ii kobtimatv iii knit !min Connterfeitinp of this note will he severely punished Mahon-et nee allot Ipahshottann as mate kawat nag oundoe nin, ”ple • 1 Paper Money WHOLE NO. 47PAGE 138 Philippine Guerrilla Currency By Cliff J. Murk 20 ti 4 771 1:177. 77,, C. WC Y POARD :•i").(0,?/*/1 The Maribc-Thc :.ilnicip21 C,Tvc!rnmont will reden th 4.s -f :944 ' 1-77.7\ 4:737) 177E Ira , 20 • 4 4 A .4 4 4+ .4• / -1 .1 4 *7 Paper Money PAGE 139WHOLE NO. 47 This phase of numismatics has been w oefully neglected. We have long been promised a catalogue, but up to now it has not been forthcoming. The rarity values of these pieces we can only estimate. The survival quotient is also a guess. It is surprising that any of it has survived. The climate of the Philippines is very hot and very humid. I have literally shaved my shoes to rid them of mold. Think of what conditions like this would do to a pocket full of persperation-soaked bills produced of any materials that come to hand. The condition of many of these notes may seem of astonishingly low grade, but please bear in mind that this is not ordinary currency. Its entire history is a lesson in adversity. With the Japanese harassing the production of this scrip and a death penalty imposed on its use, it should not have even circulated, but it did. Loyal Filipinos accepted all of it without question during the entire war. The Japanese efforts to circulate their own military currency were just as strongly resisted. The native population labeled it "Mickey Mouse money." It is rumored that some 360 varieties of these Philip- pine guerrilla notes were issued by banks, local govern. ments and groups. The United States servicemen who resisted the Japanese after the fall of Bataan also issued notes. The notes were produced oftentim-s with the Japanese literally breathing down the makers' backs. The Japanese army was on a continuous search and destroy mission so far as the money makers were con- cerned. The traveling units constantly moved from city to city, village to village, cave to jungle and back again, manufacturing at each stop the wherewithal to keep the commerce of the country afloat. When metal plates could not be made, plates were carved out of wood or rubber tires. Some notes were printed with typewriters or mimeograph macthines. Suitable paper was scarce. Frequently ballot paper. butcher paper, lined school paper and even linoleum was cut to size and converted into needed currency. Some was manufactured in a workmanlike manner but many pieces are so rough and crude that they look as though they were made by a child. Neither are they plentiful, because most were redeemed, and in the main the few that we are collecting were "souvenired" by servicemen who were in the country during their use. However, the fact remains that they did circulate and contributed greatly to keeping the country running until other factors brought the war to a close and made their use unneccessary. Federal Reserve Corner The $1 Federals, Series 1969D, are now completely in circulation, regulars and stars. Still, there are some districts that have had the appearance of very few star notes. This does not mean these notes will be scarce, but the spoilage rate (overall) has become much lower due to COPE printings. It is the Bureau's plan to eventually have all production accomplished on the COPE equipment. This is several years away, at the least, but it could well bring about almost the complete disappearance of the star notes. What will become of the partial sheets of notes, or will the printing method also be improved to do away with the destruction or removal of any quantity of notes? We will have to await further developments and see what will come about. It would be of considerable interest to your writer to have some idea as to the interest by members in COPE printings. A postal card or letter telling of your interests in the current $1 Federals will be a great help. Sug- gestions as to what you would like to see appear here in your Corner! There seems to be a greater number of varieties (also errors) being turned up these days. It would be well worth the effort to pay more attention to the notes at your bank or passing through your hands. Some very nice items have been reported. It seems that a number of Federal Reserve Banks are clearing the older material from vaults. Some of the early $1 Feds are being sent out. In the Chicago area, a number of $1 Series 1963A G - D have been released. In certain instances, there have been reports of Series 1963 dollars . . . and some of the harder blocks have appeared in small numbers. Watch your local bank, for there is never any telling what can turn up! NATHAN GOLDSTEIN II P. 0. Box 36, Greenville, Miss. 38701 A catalog of the bank notes of Chile is now available from La Bolsa Filatelica, Casilla 10119, Santiago de Chile for $8.00 postpaid airmail. It is printed in Spanish and covers private bank, government and unauthorized issues. General Idi Amin, president of Uganda, who has been in the news for insulting the United States with his July 4th greeting and for holding a plane load of in-transit Peace Corps volunteers for several days, appears on the obverse of new 10, 20, 50 and 100 shilling notes of the Bank of Uganda. PAGE 140 Paper Money WHOLE NO. 47 A Tale of Three Fessendens By Forrest W. Daniel William Pitt Fessenden A PORTRAIT of William Pitt Fessenden appears on the front of a 25-cent fractional currency note of the third issue and on the reverse of the two greenback $10 National Currency types of the Second Charter Period. When it appears on a note of the First National Bank of Fessenden, North Dakota, it is especially interesting. The town of Fessenden was not named for the Secretary of the Treasury, however, but for his cousin (actually second cousin once removed) Cortez Smith Fessenden. A mutual friend and associate, Abraham Lincoln, placed each in a position to be commemorated on the note. William Pitt Fessenden was born October 16, 1806, at Boscawen, New Hampshire. A precocious child, he read at four and completed college preparatory work before age 12. Neither Harvard nor Dartmouth would admit him at that age but after a year of special study he was ad- mitted at Bowdoin and graduated at age 17. He studied law and was admitted to the bar in 1827 at age 21 and was soon considered one of the leading lawyers in Maine, where his family had moved. In 1832 and 1840, he was a member of the Maine legis- lature and 1841-43 a Whig member of the national House of Representatives. He sponsored anti-slavery legislation in 1840. He was chosen for the U. S. Senate in 1854, and op- posed the Kansas-Nebraska bill which would have per- mitted extension of slavery into new territories where it was forbidden by the Missouri Compromise. Fessenden joined the new Republican Party and returned to the Senate in 1859. With the election of Abraham Lincoln as President, he supported Salmon P. Chase for Secretary of the Treasury. As chairman of the Senate committee on finance, Fessen- den was a leader in the effort to provide funds for the defense of the Union. That required the creation of an entirely new system of taxation to raise, with unheard of rapidity, the enormous sums required during the Civil War. Part of the plan worked out by the committee and their financial advisers was issuance of paper currency and bonds which constituted a gigantic mortgage of the property, resources and good faith of the nation. Fessen- den personally was opposed to the issue of paper money, but the pressure of the war was used as an excuse to enact drastic measures. The plan worked; but as time passed the promise grew thin and the finances of the nation again approached a critical condition. A few days before he left office in 1864, Secretary Chase was forced to withdraw from the market $32,000,000 of 6% bonds for lack of acceptable bids; gold had reached $285, while the paper dollar had sunk to 35 cents in gold value. In the emergency President Lincoln asked Fessenden to become Secretary of the Treasury. He accepted the post reluctantly and on condition that he be relieved as soon as the crisis was over. He opposed further increases in paper money circulation and held to it despite powerful pressures. Fessenden decided on a popular subscription of 7.30 notes with denominations as low as $50, an issue of legal tender compound interest notes, and was able to sell the 17-year bonds Chase had been unable to move. The successes of the army at this time and prospects for an end to the war made borrowing money easier. With the desperate period of the financial crisis over, Fessenden resigned on March 3, 1865, after serving for eight months as Secretary of the Treasury, in order to regain his seat in the Senate, where he served the rest of his life. William Pitt Fessenden actively opposed the impeachment of President Andrew Johnson and helped secure enough support to acquit him by one vote. Fessen- den died September 6, 1869, at his home in Portland, Maine. Cortez Smith Fessenden Cortez Smith Fessenden was born October 11, 1825, in Brome County, Quebec, Canada. He studied civil engi- fit 4 MI PiliC '114 IT' Paper Money PAGE 141WHOLE NO. 47 neering in Canada and was appointed provincial land surveyor for the Canadian government. He turned his attention to railway construction engineering and helped locate the Southeastern Railway between Montreal and Sherbrooke, Quebec. He moved to Michigan in 1846 and engaged in surveying and engineering for the state of Michigan and the Grand Trunk and Lakeshore Railroads. In 1856, Cortez Fessenden moved to Springfield, Illinois, where he became city engineer. His office adjoined Abra- ham Lincoln's, and they became warm friends. During Lincoln's prseidential administration, he received the con- tract for the first land survey in Dakota Territory, and spent the summer and fall seasons of 1861, 1862 and 1863 in Dakota. Following the Dakota surveys he returned to Romeo, Michigan, and was employed in building railroads and civil engineering. In 1881, Fessenden was appointed sur- veyor general of Dakota Territory by President Garfield and moved his family to Yankton. During his term of office a very large portion of the Territory was surveyed, including Wells County where the town bearing his name (Fessenden, North Dakota) is located. His signature appears on the original plats of each of the 36 congres- sional townships in the county. When his term expired in 1885, he returned to his home in Michigan and retired from active pursuit of his profession, although he was often called as a consultant by companies and individuals he had served before. Cortez Fessenden died March 20, 1910. Fessenden, North Dakota The Minneapolis, St. Paul & Sault Ste. Marie Railway (Soo Line) in 1892 and 1893 laid 43.18 miles of main line track diagonally across Wells County, North Dakota, and established five towns. Fessenden, the most centrally located, had its first store established in the fall of 1892, and the next spring the town began to grow. Its post office was established November 23, 1893. The following summer the village of Fessenden, because of its central location, felt up to challenging Sykeston for the county seat. Sykeston had been county seat for 10 years, being the only town in the county, but it was in the southeastern corner at the end of a branch of the Northern Pacific Railroad. Lead pencils with the slogan "Vote for Fessenden for County Seat" were distributed and in November Fessenden carried the election. Not content to wait for due process to move the county offices, a group from Fessenden descended on Sykeston and removed all the county records and court house furniture in a midnight buggy raid. Capture of the county seat was a boost for Fessenden and a blow to Sykeston. Not only did the county officials move to Fessenden, they took their houses with them. Several businessmen also moved there. Banker T. L. Beiseker moved his residence and the Wells County State Bank to the new county seat only a week after the records had been captured. First National Bank of Fessenden The First National Bank of Fessenden, issuer of the $10 bill which inspired this study, began as the Fessenden State Bank on June 9, 1898, with A. H. Birch, president; E. H. Birch, vice-president; and W. S. Birch, cashier. It was converted to a national bank capitalized at $25,000 on June 7, 1900, receiving charter No. 5408. Its earliest notes are dated May 7, 1900. Since signatures on the notes may give some clue to the year of release, a list of officers is given. Records at the bank list W. S. Birch as president in 1910. The following year H. Thorson became president and H. Ing- valdson, cashier. Ingvaldson became president in 1921 and held that office until 1931; cashiers in that period were C. W. Allanson, 1921; Sam Bye, 1924; F. R. Oftedahl, 1925; J. E. Johnson, 1927; followed by Fred J. Mohr in 1932. P. 0. Holland became president in 1931, followed by 0. A. Refling in 1934. Bank officers since 1935 have no relationship to issue of national currency notes. The First National Bank, Fessenden, North Dakota, issued $10 and $20 notes of all three Second Charter Period types, the third (blue seal, no dates) Third Charter Type, and first and second types of small-size notes. Notes reported to the writer are one each of $20 date back, $10 denomination back Second Charter ; $10 type 3 Third Charter; and $10 type 1 small-size. SOURCES: The Fessenden Family in America, by Edwin Allen Fessenden, Edited by Mary Elizabeth Fessenden Washburn The History of Wells County and Its Pioneers, by Walter E. Spokesfield Letters of Cortez Fessenden A History of the Greenbacks, by Wesley Clair Mitchell First National Bank, Fessenden, North Dakota PAGE 142 Paper Money WHOLE NO. 47 SECRETARY'S REPORT New Member Roster No. 3761 J3762 3763 3764 3765 3766 3767 3768 3769 3770 3771 3772 3773 3774 3775 3776 3777 3778 J3779 3780 3781 3782 3783 3784 3785 3786 3787 3788 3789 3790 3791 3792 3793 3794 3795 3796 3797 3798 3799 New Members Jess Peters, P.O. Box 123, Decatur, Ill. 62525 Dennis E. Jordan, RR #, Weldon, Ill. 61882 Peter A. Ross, 12 Burnette Terrace, West Orange, N.J. 07052 Thomas J. Morrissey, 57 County Road, Tewksbury, Mass. 01876 Warren 0. Davis, P.O. Box 1, Miami, Fla. 33163 Robert G. Mitchell, 2015 Delaney Ave., Orlando, Fla. 32806 Christian Blom, 10 Broadway, Hawthorne, N.Y. 10532 James S. Reynolds, 6837 Kiami St., Tucson, Ariz. 85715 Peter Danilo, Jr., 13 Kathryn St., Clark, N.J. 07066 Morris E. Scott, 3531 Etter Dr., Dayton, Ohio 45416 Michael M. Lean, P.O. Box 72, Bd. of Educ., Po- pondetta, N.D., Papua, New Guinea Anthony Gruzdis, 395 Belmont Ave., Haledon, N.J. 07508 Mark John Wojton, 114 Hillside Ave., Pitcairn, Pa. 15140 H. Q. Sibley, 735 White Horse Ham. Sq. Rd., Tren- ton, N.J. 08610 Jerry E. Jones, 3 Virgil Court, Gas City, Ind. 46933 Louis Smilkstein, 69 S. Moger Ave., Mount Kisco, N.Y. 10549 J. E. Bard, JEB Products, 109 Locust St., Attle- boro, Mass. 02703 Walter Breen, P.O. Box 352, Berkeley, CA 94701 David Reed, 711 Dulin Road, Little Rock, Ark. 72206 J. Kenneth Purcell, 11415 88th Ave., So. Seattle, Wash. 98178 Paul R. Schneck, Box 97, 13 Cherry St., Walnut- port, Pa. 18088 W. Douglas Smith, 220 Holmes St., Michigan Cen- ter, Mich. 49254 William (Bill) Waldbillig, 220 South Ave. West, Missoula. Mont. 59801 David S. LeVeque, 1120 Russell St., #8, Missoula, Mont. 59801 William R. Kazar, 53 French Street, New Bruns- wick N.J., 08901 Clifton J. Jenson. 115 Park Ave. West, Cavalier, N. Dak. 58220 Don Iverson, Hampden, N. Dak. 58338 Mack Garver, Michigan, N. Dak. 58259 Steve A. Kovacich, 1533 Spruce St., Berkeley, CA 94709 Ivor T. Miller, 70-28 69th Street, Glendale, N.Y. 11227 Donald E. Embury, P.O. Box 66058, Los Angeles, CA 90066 Paul J. Rizzo, 821 Olive Drive, Newport News, Va. 23601 Charles G. Colver, 611 N. Banna Ave., Covina, CA 91724 Dr. Radford Stearns, P.O. Box 147, Lilburn, Ga. 30247 Carlton F. Schwan, OAC 2-73, Ft. Sill, Okla. 73503 Dealer or Collector Specialty D Broken bank notes, National Currency C C Large-size Silver Certificates, First Charter Period National Bank Notes 1862-1882 C U. S. Small-size notes—one and two-digit and star "radars", errors C, D South America C New Jersey currency and military payment scrip C, D Early U. S. broken bank notes; foreign C, D Broken bank notes, Confederate, old bank checks C U. S. small-size notes; Russian C, D Large and small-size Silver Certificates C World War II, Japanese occupation money, Chinese notes, Asia and Pacific C U. S. fiscal paper ; R.R. & mining stocks, bonds, checks, etc. C Federal Reserve Notes C Federal Reserve Notes C Starred notes C, D Early Amer., Colonial, Continental, Con- federate C U. S. fractional currency C Southern currency C U. S. small-size notes—S.C., U.S.N., F.R.N.; Canadian C Penn. National Currency and U. S. large- size notes C U. S. large-size notes C Confederate and broken bank notes C, D General—U. S. currency C, D N.J. Colonial, New Brunswick obsolete and National Bank Notes C C N. Dak. National Bank Notes C C The Bank of Monroe, Monroe, Mich. 1827- 1838 C U. S. small-size notes C, D C U. S. large-size type notes C California National Bank Notes C Georgia Colonial C, D U. S. Mil . Payment Ctfs.; World currency 1900- World military currency C National Currency of Evansville, Ind.; U. S. $1 notes Large and small-size bills (obsolete) Lloyd C. Walker, 1202 Smith St., Lawton, Okla. C, D 73501 Jim Bakel, 900 N. Lafayette Ave., Apt. F., Evans- ville, Ind. 47711 N. Burton LeCates, 1502 Hermitage Drive, Flor- ence, Ala. 35630 Patrick M. Murphy, Jr., 37 Kenilworth Rd., Min- eola, N.Y. 11501 Paper Money PAGE 143WHOLE NO. 47 3800 Harry Boisen, P.O. Box 26388, Sta. B, San Fran- C U. S. large and small-size notes cisco, CA 94126 3801 Arthur E. Wyllie, 95 Peck Street, Franklin, Mass. C $1.00 Notes and Silver Certificates 02038 3802 Rodger Waddle, 10932 Crystal Hill, Cincinnati, C U. S. Ohio 45240 3803 Dennis P. Crowell, Sr., 10001 Brehm Road, Cincin- C Small-size $5.00 bills nati, Ohio 45239 3804 J. E. Eargle, 107 Commerce, Jacksonville, Texas 75766 3805 Deloys Mathis, Rt. 1, Box 316, Lot 20, Manchester, Mo. 63011 3806 Harold Cobb, RD #3, Corry, Pa. 16407 C U. S.—one of each issue 3807 William Shaul George, 14 Dunmoyle Place, Pitts- C U. S. fractional currency burgh, Pa. 15217 3808 Peter A. Boyer, P.O. Box 72, Brookeville, Md. 20729 3809 Francis G. Sanders, P.O. Box 625, Browns Mills, D Japan and Japan-occupied areas N.J. 08015 3810 W. Thomas Hayes, 712 North Kline, Aberdeen, C South Dakota National Currency So. Dak. 57401 3811 Ted S. Budynek, 37089 Oxford Ct., Sterling Hts., C F.R.N.'s Mich. 48077 3812 W. E. Tate, 216 Melrose Drive, Jackson, Miss. C Silver Certificates; F.R.N.'s 39211 3813 Donald H. Hildreth, 1293 Grandview Ave., Colum- C U. S. large-size notes bus, Ohio 43212 3814 B. L. Bland, 1412 N. Oklahoma, Shawnee, Okla. C, D Current notes of the world 74801 3815 Hugh D. Brocklehurst, 2525 L Street, Sacramento, C Obsolete notes, large and small-size notes CA 95816 3816 Paul K. Carr, 5618 Pier Drive, Rockville, Md. 20851 C National Bank Notes 1929-1935 3817 Richard Stasky, P.O. Box 191, Bremond, Texas C U. S. small-size Silver Ctfs.; F.R.N.'s 76629 3818 Dr. Joseph F. Marcelli, 28 Locust Ave., Troy, N.Y. C, D 12180 J3819 Gary Acierno, South Lake Ave., Troy, N.Y. 12180 C, D Large and small-size notes 3820 Bernard G. Stemwedsl, Box 402, Kirkland, Ill. C, D Canada 60146 3821 Lawrence L. Rosenberg, 23 Meadowbrook Drive, C $1.00 type San Francisco, CA 94132 3822 C. Edwin Dayton, 45 Lyndon Road, Fayetteville, C U. S. and Canada N. Y. 13066 3823 David Schneider, P.O. Box 17304, Memphis, Tenn. C Insurance notes 38117 3824 Robert E. Sherbourne, SFC, 4-G Rhine Road, Fort C Emergency WW II issues, U. S. Bragg, N.C. 28307 3825 William S. Wolfe, 59 Carrera Street, Apt. #2, St. C Silver Certificates Augustine, Fla. 32084 3826 David I. Davis, 123 N. Portage Path, Akron, Ohio 44303 3827 S. S. Forrest, Jr., 3117 19th St., Lubbock, Texas C National Bank Notes of Texas and New 79410 Mexico 3828 Richard G. Cox, P.O. Box 109, New Cuyama, CA 93254 3829 John R. Tierney, MD 29, Sil. Stream Trl. Pk. #4, Newburgh, N.Y. 12550 3830 James F. Martin, 183-11 Arcade Ave., St. Albans, C $1 errors, $1 Silver Cfts. N.Y. 11412 Reinstatements 3243 M. Rehfeld, 542 29th Ave., San Francisco, CA 94121 1307 Norman Ellis, P.O. Box 1101, Depue, Ill. 61322 C, D U. S. broken bank notes, WW II Japanese occupation notes 2436 Roland S. Carrothers 3080 A. R. Edson 2897 Joseph S. Kay Deceased 809 John B. Riley 3456 Norman G. Sener PACE 144 Paper Money WHOLE NO. 47 MONEY MART FOR USE BY MEMBERS OF THE SOCIETY ONLY PAPER MONEY will accept classifield advertising from members on a basis of 5c per word, with a mini- mum charge of $1.00. The primary purpose of the ads is to assist members in exchanging, buying, sell- ing, or locating specialized material and disposing of duplicates. Copy must be non-commercial in na- ture. At present there are no special classifications but the first three words will be printed in capital letters. Copy must be legibly printed or typed, accompanied by prepayment made payable to the So- ciety of Paper Money Collectors, and reach the Editor, Barbara R. Mueller, 225 S. Fischer Ave., Jeffer- son, Wis. 53549 by Nov. 10, 1973. Word count: Name and address will count for five words. All other words and abbreviations, figure combinations and initals counted as separate words. No check copies. 10% discount for four or more insertions of the same copy. Sample ad and word count: WANTED: CONFEDERATE FACSIMILES by Upham for cash or trade for FRN block letters, $1 SC, U. S. obsolete. John Q. Member, 000 Last St., New York, N. Y. 10015. (22 words; $1; SC; U. S.; FRN counted as one word each) (Because of ever-increasing costs, no receipts for MONEY MART ads will be sent unless specifically requested.) RHODE ISLAND NATIONALS and obsolete bank notes wanted for my collection. Also Blackstone, Mass. Price and described. George J. Cormier, 32 Birch St., Woon- socket, RI 02895 (48) WANTED: MILITARY PAYMENT certificates and cur- rency W. W. II. Send list with prices or ship for highest prices. Clark Hutchason, P. 0. Box 1773, Burlingame, CA 94010 (50) UPGRADE YOUR MPC collection. Trade your duplicate notes, gold coins, commemoratives for hi-value MPC notes. Pricelist SASE. Make offers. Mervyn H. Reynolds, P. 0. Box 3007, Lee Hall, VA 23603 (57) SELLING FRN COLLECTION: Complete 1963, 1963A, 1963B, 1969 block letter sets; also 1957, 1957A, 1957B Silver Certificate set and other Silver Certificates. Send SASE for list. Bob Slawsky, P.O. Box 423, Rockaway, NJ 07866 (48) CONNECTICUT CURRENCY WANTED: obsolete bank notes, scrip and colonial items. Also, any CU large-size National of Connecticut. Describe or send with price. Richard J. Ulbrich, P. 0. Box 401, Cheshire, CT 06410 (49) WANTED INDIANA OBSOLETE before 1861, especial- ly Indian Reserve Bank, Kokomo, Ind. Louis H. Haynes, 1101 E. Fischer, Kokomo, IN 46901 (55) MILITARY CURRENCY WW2 wanted: Allied, Axis, Japanese invasion/occupation and military payment cer- tificates. Edward Hoffman, P. 0. Box 8023, Camp Lejeune, NC 28542 (49) WANTED: U. S. SMALL Notes-F.R.N. all 1950-$5.00 Districts 6-8, 1950 $10.00 Districts 6-8-11, 1950A $10.00 Districts 6-11. Condition G to Unc. Irving L. Swanson, 805 Delta Ave., Gladstone, MI 49837 WANTED: SOUTH CAROLINA colonial, obsolete and National Bank Notes. Top prices for S. C. proofs. Austin M. Sheheen, Jr., P. 0. Box 428, Camden, S. C. 29020 (48) MISSOURI CURRENCY WANTED: Nationals, obsolete and bank checks from St. Louis, Maplewood, Clayton, Manchester, Luxemburg, Carondolet and St. Charles. Ronald Horstman, Route 2, Gerald, Mo. 63037 (48) NORTHAMPTON AND SPRINGFIELD, Massachusetts Nationals wanted. Large and small. Describe with best price to Robert Cornell, P. 0. Box 9, Northampton, MA 01069 (48) WANTED BACK ISSUES of Paper Money before Whole No. 14. Please write. Charles E. Kirtley, P. 0. Box 192, Cullowhee, NC 28723 MINNESOTA NATIONALS WANTED: Small or large- size. Will pay cash or trade. Please describe fully and advise your preferences as to state you desire. Second needs are for North Dakota, South Dakota or Montana. John R. Palm, 18475 Thorpe Rd., Deephaven, Wayzata, Minn. 55391 (48) WANTED: BB, BC, and LA 1969B and BA and EA 1969D numbers higher than 99840000, 1969 C's higher than B76160000D, and 1969 D's between B26240001A and B32640000A. The Rev. Frank H. Hutchins, 924 West End Ave., New York, NY 10025 (48) WANTED: ARKANSAS, OKLAHOMA Nationals large and small. Many notes for trade or will pay top price in cash. Will also buy or trade for notes from other states. William R. Wilson, 206 S. Covington St., Coalgate, OK 74538 WOULD SOMEONE PLEASE sell me $50 and $100 obsolete notes on the Bank of Athens, Ga.? Also need $50 and $100 on the Bank of the State of Ga., branch bank at Athens. If you have any of these, I would ap- preciate hearing from you even if they are not for sale. Thank you. Gary L. Doster, Rt. 2, Box 18-A, Watkinsville, GA 30677 ARKANSAS TREASURY WARRANTS wanted. I need most numbers. Please describe what you have or write for my want list. Ralph E. Plumb, 1150 89 Ave. N., St. Petersburg, FL 33702 WANTED: BROKEN BANK notes of "The Bank of Monroe," Monroe, Michigan (1827-1838) for my col- lection and research project. Also, any other material and information relating to this bank. Please describe notes and give the affixed signatures. Quote price. If convenient, include Xerox copy. Steve Kovacich, 1533 Spruce St., Berkeley, CA 94709 ALABAMA NOTES WANTED: I want to purchase any Alabama broken bank notes, private issues and scrip that I need for my personal collection. David D. James, Rt. 6, Box 273, Russellville, AL 35653 CONFEDERATE COUNTERFEITS WANTED for re- search collection. I am interested in all types, including minor varieties. Describe or send on approval. Ralph E. Plumb, 1150 89 Ave. N., St. Petersburg, FL 33702 FLORIDA STATE NOTES wanted. I need Criswell nos. 20A, 20B, 21, 23, 24A, 24B, 25, 26A, 27, 27A, 28A, 28B, 29, 31, 31B and especially #'s 44 and 45. Also interested in Florida BB and scrip. Ralph E. Plumb, 1150 89 Ave. N., St. Petersburg, FL 33702 WHOLE NO. 47 Paper Money PAGE 145 SOUTH, NORTH DAKOTA, Dakota Territory Nationals, tokens, checks, cards, letters, documents. Also check pro- tectors, dental and medical advertising items wanted. Describe and price items offered. Dr. E. E. Brick, 300 West 4th Ave., Mitchell, SD 57301 TRADE MY 25 Louisiana State $5 notes, 1862, Cr. #10, Fine to XF for notes from other States. Write your offer. Helen H. Williamson, 628 Belleville Ave., Brewton, AL 3E426 GEORGIA COLONIAL NOTES wanted by private col- lector. Special interest for early or choice pieces. Also interested in contacting other serious collectors. Radford Stearns, P. 0. Box 147, Lilburn, GA 30247 SPRINKLE IS BUYING stock certificates, uncut sheets of bank checks, and sheets of bills. Frank Sprinkle, Box 864, Bluefield, WV 24701 FRACTIONAL CURRENCY WANTED: Highest prices paid for all crisp new fractions. Could use from 1-100 of Fr. 1376. Paul P. Hawley, 6944 Whiskey Creek Dr., Fort Myers, FL 33901 WANTED: BROKEN BANK notes and sheets of the New England states. Building a research and exhibit collection. Especially want notes with historical or inter- esting and unusual vignettes. Will also pay generously for notes of rarity, high denomination or high quality. Will travel for large offerings. Write with description and price wanted or send notes for my offer. Duplicate notes for sale or trade, will send on approval. John Ferreri, P.O. Box 33, Storrs, CT 60268 (50) LEGAL-SILVER CERTIFICATES: Highest prices paid for the following all crisp new, nicely centered Fr. num- bers 42, 61, 93, 114 thru 122, 127, 215 thru 218, 223, 245, 246, 266, 271 thru 281, 282, 291 thru 296. Paul P. Hawley, 6944 Whiskey Creek Dr., Fort Myers, FL 33901 SELLING COLLECTION: SMALL-size UNC $5 U. S. Notes, FRN and Silver Certificates; complete set 1957, 1957A, 1957B UNC $1 Silver Certificates; $10, 1950C, FRN F $20, 1928B, FRN, G-A; $10 Silver Certif- icates, 1934C, B-A, 1953, A-A and 1953B, consecutive numbers, 2-A-A. G. A. Cook, Box 20733, St. Petersburg, FL 33742 MILITARY PAYMENT CERTIFICATES wanted. I especially need series 471, 521, 541, 591 $5 notes. Please write if you have MPC for sale or trade. Thanks. Carlton "Fred" Schwan, Box 138, Portage, OH 43451 Check News Round - Up from Associated Press Check Mate San Rafael, Calif. Alimony checks that a Sausalito (Calif.) man sends to his ex-wife show a photograph of him kissing his new wife. The man is one of hundreds cashing in on a new craze-design your own check. Since the Bank of Marin began the design-a-check ser- vice four months ago, it has been swamped with new ac- counts, new check orders and inquiries from banks in Missouri, New York, Florida and other states, assistant cashier Kitty Jones said. Advertising executive H. Samm Coombs plugs his agency with checks that bear a photograph of him sitting on a soapbox. Elf Shelfo, a bookkeeper, has checks illus- trated with an elf drawing. Gary and Lynn Imm's checks were designed by their young son, who drew a portrait of the Imm family. Customers may bring in a drawing or photograph of whatever they want on their checks, as long as it's not in questionable taste, Mrs. Jones said. The checks cost $4.95 for 200. Designs may be superimposed across the entire check or put in a corner so the name isn't crowded. Two colors are allowed on each check. Some people go for photographs of themselves, which give both the personal touch and insurance against some- one else trying to cash the check illegally. Others prefer drawings of their homes, pets and families. One man's checks show a picture of his favorite whisky. Los Angeles, Calif. Checkless Checking Accounts The nation's first statewide system to substitute auto- matic deposits and payments for paper bank checks went into effect in California Oct. 16, 1972. Under the system, individuals may have payroll checks automatically deposited in their accounts and recurring bills such as mortgage payments and rent automatically deducted. Gene Thurman, vice-president of the California Auto- mated Clearing House, which will handle the interbank transactions, says 104 banks representing 95% of the branches in the state have signed up for the service. Previously, many banks offered automatic deposits and deductions if the entire transaction could be handled within the same bank. In the next five years, the system will replace 15 million of the 180 million checks written in the state each month, predicts Chauncey J. Medberry, chairman of the Board of Bank of America. The new services, which are voluntary, "will provide a new convenience to millions of Californians," Medberry says. The idea is too new for accurate estimates of the costs to bank customers, Thurman and Bank of America spokes- man Medberry say. However, a Bank of America spokes- man says charges will be no higher at his bank. The system took four years to develop by the Special Committee on Paperless Entrees (SCOPE) under the supervision of clearing houses that handle interbank trans- actions in Los Angeles and San Francisco, Thurman said. He said the system will work this way: If an employer and an employee volunteer to participate, the company will send a notice through the clearing house to the employees bank on payday giving his net wages. That amount will be deposited in his account. When a bill comes in, an individual will be notified 10 days before the deduction is made. "If there is a difference of opinion over the size of the deduction, the individual would have plenty of time to tell his bank to stop payment," Thurman said. The automatic system will result in savings for banks but it is impossible to say how much, he said. No jobs of bank employes will be eliminated by the system, he added. —including important rarities— and —the finest collection ever offered— AMERICAN AUCTION ASSOCIATION JAMES F. RUDDY and Q. DAVID BOWERS Proudly Announce ... that the American Auction Association will sell at combined public auction and mail bid sale the magnificent collection of Matt Rothert Distinguished Past President of the American Numismatic Association Sale to be held in Hollywood NOVEMBER 16, 17, 1973 It with great pleasure that we announce the sale at public auction of the fabulous collection of United States paper money formed over a long period of years by Mr. Matt Rothert, distinguished past president of the American Numismatic Association. The Rothert Collection catalogue will be a numismatic landmark. The offering of fractional currency is virtually complete and is the largest, finest, and most comprehensive ever to be sold. Many of the notes were used to illustrate Mr. Rothert's reference work, A Guide Book of United States Fractional Currency, released by Whitman Publishing Company. Included will be scarce, rare, and unique pieces. Large and small size United States notes include many extreme scarcities and rarities as well as popularly-priced issues. Important types, rare signature combinations, and other notes of interest will be featured. The sale catalogue will also include an outstanding grouping of United States coins and coins of the world. The Dr. W.E. Caldwell Collection of U.S. half dimes and the George A. Merriweather Collection of U.S. colonials are both landmark offerings. U.S. gold coins include $3 by dates, a nearly complete run of Saint-Gaudens $10 (including the rare [42 made] 1907 rolled edge, periods) and $20, early gold issues, and others. Liberty walking half dollars, Morgan and Peace dollars, 3c silver pieces, and several other U.S. series are complete in Uncirculated and/or Proof grades. Coins of the world include important, interesting, and rare crowns, a collection of world gold coins, ancient coins, and others. Special FREE CATALOGUE OFFER: To members of the Society of Paper Money Collectors we will send FREE a copy of the fabulous Rothert Collection catalogue. To obtain your free copy of this catalogue (ready October 15th) request "Free Rothert Collection Catalogue Offer to SPMC Members" and send us your name and address. Offer is limited to one catalogue per SPMC member in good standing. If you want a copy of the prices realized list (available after the sale) include $1 and the notation "Please send prices realized list too." (Extra copies of the catalogue plus p.r. list are available for $2.) Order your FREE copy today, for we will print just a few extra catalogues for this purpose. t, Wash I it.it on:0IA? 4(77pw459i-: , igurvi +ct.S.! Wan "` ISOiakit - ..0611#000103trilr rnir i'tu;v Tli THEM: II 111"1"1,..“111; -ationatOistivatitit AlettWillaZIA;opie_usw r=otti.likit' ,alyzol r. or..sclas.,.. H-8 :If A. H6744 J AI . EVIrktil) tit:74A --- -WE NTS* Eli (MILD COLN Some pieces from the Rothert Collection //./ /14/ an, , Vinetbrk - American Auction Association Division of and Ruddy Galleries, Inc. Suite 810 / 6922 Hollywood Boulevard / Hollywood, California 90028 Telephone (213) 4664595 (multiple lines) OBSOLETE NOTES AND SHEETS Continued from June Listing RHODE ISLAND $10, 5, 5, 5 New England Comm. Bk $1, 1, 2, 3 Same 100, 50 Same 1, 1, 1, 3 Bk of America, Providence, nice sheet, not aged as usual 1, 1, 1, 2 Blackstone Canal, Providence 1, 1, 2, 5 Rhode Island Union Bk, Newport, proof $10 Bk of Kent, Coventry, Vulcan & ox, unc. $20 Bk of Kent, Coventry, eagle & ship, vf $1 Rhode Island Central Bk, E. Greenwich, red ONE, gd $2 Same, red TWO, gd $5 Same, woman seated by chest, vgd $5 Same, written date 1855, fine $5 Same, printed date, vgd $10 Same, sidewheeler, printed date, fine $1 Farmers Exchange Bk, 1807, exf $5 Same. 1806, exf $5 Same, 1809, vf, $9.00 ; fine $10 Same, 1808, fine or better $5 Rhode Island Agric. Bk., Johnson, 1834, unc. $20 Same, unc. $1 Same, Washington & Lafayette, gd $1 Newport Bk., Newport, Indian maid, fine $1 Merchants Bk., Newport, stamped counterfeit, ox & horse gd $1 New England Comm. Bk., Newport, Washington & Lafayette, unc. $1 Same, Commerce seated, unc. $2 Same, Ceres seated, unc. $2 Same, Industry seated, unc. $3 Same, Liberty seated, unc. $5 Same, eagle on shield, unc. $5 Same, similar to above without green 5, signed and dated June 1, 1853, fine 22.50 $5 Same, Mercury standing, unc. 5.00 $10 Same, Mercury standing, unc. 5.00 $10 Same, Vulcan seated, unc. 2.50 $50 Same, Liberty seated, unc. 10.00 $50 Same, stereotype, tine. 12.00 $50 Same, FIFTY in green, unc. 9.50 $100 Same, HUNDRED in green, unc. 12.50 $100 Same. Washington & Neptune, unc. 10.00 $100 Same, stereotype, unc. 12.00 $1 Rhode Island Union Bk., Newport, sailing ship,vgd. 7.00 $1 Same, sailing ship, red ONE, vgd 6.00 $1 Same, sailing ship, green ONE, gd 4.00 $5 Same, Hope & cherub, fine 12.00 $2 Same, Gzn. Green, red TIN 0, gd 8.00 $10 Same, Vulcan seated. 1855, fine 12.00 $10 Same, similar, 1862, vf 12.00 $2 Traders Bk, red TWO, 1864, gd 15.00 $1 N.E. Pacific Bk., North Providence, red ONE, gd 12.50 $5 Same, 1845, gd 7.50 $10 Same, 1862, ag 7.50 Promissory note, North Providence, 1830, au 3.00 $1 Bank of America, Providence, green overprint, cut from a sheet that has faded. Most notes of this bank are from this hoard. Valued by owner at $15 and would be worth it if not aged, unc. 7.50 $2 Same, unc. 7.50 $2 Bk of America, Providence, Liberty seated, vg-f 15.00 $3 Bk of Comm., Providence, slate THREE, vgd 15.00 $3 Same, red THREE, vgd 15.00 $3 Bk of North America, 1827, gd-vgd 25.00 S5 Same, early train, vgd 12.50 $2 Commercial Bk, Indian hunter, gd 15.00 $2 Same, red TWO, sidewheeler, gd-vgd 15.00 $20 Same, Liberty & eagle, gd-vgd 12.50 $2 Continental Bk, train, vgd 10.00 $2 City Bank, Liberty & Justice, vgd 17.50 $5 Eagle Bk, large eagle, vgd 12.50 $2 Commercial Bk, red & black, many ships, vgd 17.50 $1 Grocers Producers Bk, green ONES, vf 17.53 $10 Butchers & Drovers, red TEN, vgd 15.00 $5 City Bk, Liberty & eagle, ag 5.00 $1 Bk of the Republic, Washington, fine or better 5.50 $2 Same, Ceres, fine or better 5.50 $5 Same, buildings, vf 7.00 $10 Same, farm couple, vf 7.50 $1 Manufacturers Bk, pastoral scene, repaired gd 5.00 $2 Mech. & Manuf., red TWO, cut cancelled, vf 20.00 $5 Same, red FIVE, cut cancelled, vf 15.00 $2 Liberty Bank, cattle buyers, vgd 12.00 $1 Mount Vernon Bank, Agriculture & Liberty, unc. 15.00 $2 Same, farmer & hunter, unc. 15.00 $10 Same, Liberty & cherubs, unc. 17.50 $2 Mercantile Bk, train, gd 15.00 $1 National Bk, eagle, gd 10.00 $3 Same, eagle, gd 15.00 $5 Same, five Presidents, gd 10.00 $5 Same, five Presidents, red 5's, ag 7.50 $10 Same, eagle, unc. 17.50 $10 Same, stamped counterfeit, eagle, gd 7.50 50.00 10.00 6.00 12.00 12.00 6.00 12.50 12.00 35.00 12.50 12.50 12.50 5.00 15.00 5.00 5.00 15.00 12.50 12.50 17.50 12.50 12.50 12.50 15.00 12.00 15.00 12.00 15.00 12.00 12.50 8.00 10.00 5.00 12.50 SOUTH CAROLINA 1, 1, 2, 3 Office of S. Car. R.R. 35.00 10, 10, 10, 10 Commercial Bk of Columbia, has been folded only vf 75.00 20, 20, 50, 50 State of S. Carolina revenue bond 17.50 $20 Bk of Hamburg, Hamburg, Justice & Freedom, fine 6.00 $5 Farmers Exchange, Charleston, vgd 3.00 $20 Same, Washington, fine 4.00 15c State of S. Car., Charleston, 1863, blue. f-vf 3.00 50c Same, 1863, blue, fine 3.00 20e City of Charleston, Charleston, 1862, red, au 10.00 $100 State of S.C., Columbia, revenue bond scrip, act of March 1872, unc. 37.50 $20 Bk of S.C., Charleston, letter 0, very scarce. unc. 35.00 $1, 2, 5, 10, 20, 50 State of S.C. revenue bond scrip, 6 pieces, set tine. 30.00 $5 Bk of S. Car., Charleston, 1812, unc. 25.00 $10 Bk of Georgetown, Charleston, 1856, vf-exf 6.00 $1 Bk of State, Charleston, wharf, vgd 8.00 $5 Same, building, unc. 6.00 $10 Same, ship, unc. 6.00 $20 Same, Franklin & Washington, f-vf 7.00 TENNESSEE 5, 5, 10, 20 Bk of East Tenn., Knoxville, vf-exf 60.00 15c Corp of Chattanooga, train, vf 17.50 $2 Bk of Chattanooga, Aug. 1861, gd 10.00 $5 Agricultural Bk, Brownsville, Ceres, gd-vgd 15.00 $10 Lawrenceburg Bk, Lawrenceburg, unc. 20.00 $1 Ocogee Bk, Nashville, Indians, unc. 8.00 $2 Same, canoe, une. 12.00 $20 Bk of East Tenn., Knoxville, double deck steamer, vg-f . 8.00 $20 Same, two canoes, vf 9.00 $10 Exchange Bk, Murfreesboro, cattle buyer, fine 8.00 $1 Farmers & Merchants, Memphis. red ONE, g-vgd 5.00 TEXAS 3, 2, 1, 50c Brenham 35.00 1, 1, 1, 1 Comm & Agric. Bk. of Texas 50.00 $2 Republic of Texas, roping steer, cc, fine 7.00 $3 Same, Ceres seated, cc, fine 12.00 $10 Same, Hercules, fine 8.00 $50 Same, nude in stream, corner torn, vf 8.00 $10 Gov. of Texas, Houston, vgd 12.50 ; unc. 30.00 $20 Treasury Warrant, 1864, unc. 15.00 $1 Comm & Agric. Bk. of Texas, unc. 12.00 $2 R.W. Rodgers, Jordons, Saline, Texas, tine. 7.50 25c W.W. Eliot, Houston, left end cut close eliminating Eliot's name. Still rare note 50c Brenham, Washington Co. scrip, unc. $5 Union Bk, early note Leney & Rollin son, proof $5 Same, five Presidents, unc. 7.50 $1 Peoples Bank, altered note, men at forge, corner off, vgd 7.50 $1 State Bank, men at forge, fine 22.50 $2 Same, sailor & farmer, vgd $10 Same, stamped counterfeit, picking corn, corner off, fine 75.00 $3 Weybosset Bk, Ceres seated, gd 125.00 $5 Same, sailing ship, vg 225.00 Or City of Providence, rare note, unc. 17.50 $5 National Bus. College Bryant Stratton & Masons's, vgd 15.00 $10 U.S. National College Bk, similar to regular U. S. Na- 5. 0 tional, vgd 7.50 No dem. E.W. Frank adv. note, fine 7.50 $2 Hamilton Bk, No. Scituate, Lib4rty seated, ag 8.00 $5 Same, Scituate, eagle on cannon, fine 6.50 $1 Tiverton Bk, Tiverton, vf $9.00; vgd 12.50 $2 Same, vf 10.00 ; gd-vgd 20.00 $3 Same, vf 10.00 $5 Same, vf 5.00 $10 Same, vgd 5.00 $20 Same, au 12.50 $1 Warwick Bk, Warwick, Washington & Franklin, grey 15.00 ONE, vgd 17.50 $1 Same, Commerce seated, red ONE, unc. 20.00 $1 Same, family group, red ONE, vgd $2 Same, shepherd & sheep, large TWO, unc. 10.00 $2 Same, train, red TWO, gd $5 Same, Agriculture & Industry, red FIVE, unc. 5.00 $5 Same, similar, fine 2.00 $10 Same, farmer & cattle, red TEN, fine 2.50 $1 Bk of South Co. Wakefield, farm boy, red ONE, vgd 4.50 $2 Same, blacksmith & farmer, red TWO vgd 4.50 $1 Farmers Bk, Wickford, cattle buyer, red ONE, fine 3.50 $2 Same, farmer & swine, red TWO, fine $1 Phenix Bk, Westerly, stamped counterfeit, 1854, gd $5 Narragansett Bk, Wickford, dog by chest, 1836, F $1 Same, unc. $2 Same, unc. $3 Same, unc. 20.00 8.50 9.50 10.00 12.50 TO BE CONTINUED Wanted collections or nice singles of obsolete notes and sheets-Good to Proof GORDON HARRIS 101 GORDON PKWY., SYRACUSE, N.Y. 13219 TEBO COIN CO. OFFERS NATIONALS-LARGE. SIZE S.F. Cal. Wells Fargo Nevada N.B. ch. 5105, $5 BB, Fine $59.50 S.F. Cal. ch. 9174, $20 Fr. 652, Fine 35.00 Denver, Col. Ch. 12517, $5 Fr. 609, G-VG 39.50 Boise, Idaho ch. 10083, $10 Fr. 628, VG+ 100.00 Chicago, Ill. ch. 8, $5 Fr. 397. G-VG 37.50 Des Moines, Iowa ch. 2583, $10 Fr. 545, Fine 49.50 (Second charter dated back) K.C., Kan. ch. 9309, $10 Fr. 626, VF+ 39.50 Colby, Kan. ch. 13076, $5 Fr. 609, F-VF 39.50 Northborough, Mass. ch. 1279, $5 Fr. 598, XF 35.00 Boston, Mass. ch. 5155, $5 Fr. 477, AU+ 85.00 (Choice brown back type note) Battle Creek. Mich. ch. 11852, $5 Fr. 607, Fine 25.00 Joplin, Mo. Ch. 4425, $50 Fr. 667, VG 79.50 Utica, N.Y. Second N.B. $2 Fr. 387, VG 175.00 (Lazy 2 original issue) Bawling, N.Y. ch. 1269, $5 Fr. 397, G-VG 39.50 N.Y., N.Y. ch. 2370, $5 Fr. 606, VG 19.50 Fredericktown, Ohio ch. 5640, $20 Fr. 659, VG 45.00 Dennison, Ohio ch. 6843, $20 Fr. 650, VG 32.50 Albany, Oregon, ch. 2928, $10 Fr. 624, VG 75.00 Albany, Oregon, ch. 2928, $20 Fr. 639, VG 75.00 LaGrande, Oregon ch. 3655, $10 Fr. 626, Fine 75.00 Junction City, Oregon ch. 10218, $10 Fr. 628, Fine 125.00 Providence, R.I. ch. 1030, $1 Fr. 384, VF 75.00 (First charter type note) Ogden, Utah eh. 7296, $20 Fr. 650, F+ 70.00 NATIONALS-SMALL SIZE Birmingham, Ala. ch. 3185, $20, T-1, Fine 49.50 L.A., Cal. ch. 12545, $5, T-1, VG 9.50 S.F., Cal. ch. 13044, $10, T-1, VF+ 19.50 New London, Conn. ch. 1037, $20, T-2, VG+ 45.00 Denver, Col. ch. 1016, $20, T-1, VG 37.51 Pueblo, Col. ch. 1833, $50, T-1, Fine 95.00 Pueblo, Col. ch. 1833, $100, T-1, VF 175.00 (Colorado $100 notes are very rare.) Ft. Collins, Col. ch. 2622, $10, T-1, VG 39.50 Denver, Col. ch. 3269, $10, T-1, VG 37.50 Julesburg, Col. ch. 8205, $20, T-1, VG 95.00 (Has many pinholes.) Washington, D.C. ch. 3425, $10, T-1, VG 29.50 Washington, D.C. ch. 5046, $20, T-1, VF+ 49.50 Jacksonville, Fla. ch. 6888, $100, T-1, VG-F 185.00 (Rare denomination. Small part gone from back.) Chicago, Ill. ch. 4605, $20, T-1, Fine 26.00 Greenfield, Ill. ch. 8473, $10, T-1, VG 39.50 Remington, Ind. ch. 11355, $10, T-1, VG 21.00 Topeka, Kan. ch. 12740, $20, T-2, Fine 29.50 Mayfield, Ky. ch. 2245, $20, T-1, Fine 35.00 New Orleans, La. ch. 13689, $20, T-2, AU 45.00 Lowell, Mass. ch. 986, $20, T-1, VG-F 29.50 UNIQUE NOTE $1.00 Silver Certificate 1935-D Serial # F66666666F (Note F is 6th letter of alphabet.) AU (one fold) 8125.00 COMPLETE SET $5.00 Silver Certificates 1934, A, B, C, D 1953, A, B 8 Notes, all CU $125.00 St. Joseph, Mo. ch. 8021. $20, T-1, Fine 29.50 St. Joseph, Mo. ch. 8021, $20, T-2, VF 39.50 Kansas City, Mo. ch. 11344, $20, T-1, F 29.50 Dillon, Mont. ch. 3120, $20, T-1, F+ 295.00 Omaha, Neb. ch. 1633, $100, T-1, VG-F 139.50 Omaha. Neb. ch. 1633, $100, T-1, F+ 152.50 (Above two notes have different cashier sigs.) Fairbury, Neb. ch. 2994, $20, T-1, VG-F 29.50 N. Platte, Neb. ch. 3496, $20, T-1, F-VF 37.50 Lincoln, Neb. ch. 7239, $20, T-1, F-VF 29.50 Stanton, Neb. ch. 7836, $10, T-1, G-VG 15.00 Stanton, Neb. ch. 7836. $20, T-1, VF 35.00 S. Omaha, Neb. ch. 8948, $10, 14, VG 25.00 Trenton, N.J. ch. 1427, $20, T-1, VG 29.50 Albuquerque. N.M. ch. 12485, $20, T-1, Fine 95.00 N.Y.. N.Y. ch. 29, $10, T-1, CU 35.00 Port Jarvis, N.Y. ch. 1363, $10. T-1, G 15.00 N.Y., N.Y. ch. 2370, $10, T-1, F 17.50 Grand Forks, N.D. ch. 2570, $10, T-1, CU 69.00 Grand Forks, N.D. ch. 2570, $20, T-1, CU 75.00 Vinita, Okla.. ch. 4704, $10, T-2, VG-F 135.00 Portland, Ore. ch. 1553, $20, T-1, VG 39.50 Eugene, Ore. ch. 3458, $20, T-1, F 65.00 Pittsburgh, Pa. ch. 6301, $5, T-1, XF 15.00 S.L C., Utah, ch. 2059, $5, T-2. F+ 45.00 Ogden, Utah ch. 2597, $20, T-1, VF 60.00 Ogden, Utah ch. 2597, $10, T-1, F 39.50 Logan, Utah ch. 4870. $10, T-1, F 95.00 Murray, Utah ch. 6558. $10, T-1, VG 95.00 S.L.C., Utah ch. 9403, $5, T-1, VG 35.00 Everett, Wash. ch. 4686, $20, T-1, CU 65.00 Seattle, Wash. ch. 13230, $20, T-1, VG 35.00 Milwaukee, Wis. ch. 64, $20, T-1, AU! 27.50 Milwaukee. Wis. ch. 5458, $20, T-1, VG 25.00 Wausau, Wis. ch. 2820, $5, T-1, CU 35.00 OTHER LARGE-SIZE NOTES Fr. 16, $1, 1862, nice type, F-VF 55.00 Fr. 30, $1, 1880, brn. seal, AU! 39.50 Fr. 40, $1, 1923, U. S. Note, CU 69.50 Fr. 41, $2. 1862, choice F+ 110.00 Fr. 61a, $5, 1862 type, Fine 55.00 Fr. 91, $5, 1907, choice AU 39.50 Fr. 93, $10, 1862 type, VG+ 85.00 Fr. 137, $20, 1880, lg. seal. VG 39.50 Fr. 164, $50, 1880, rare VF-XF 275.00 Fr. 223. $1, 1891, XF 75.00 Fr. 231, $1, 1899, rare sigs., VG 45.00 Fr. 263, $5, 1886, silver dollars, G-VG 65.00 Fr. 319, $20, 1891, silver dollars, Good 45.00 Fr. 357, $2, 1891, Treasury Note, Fine 75.00 Fr. 282, $5, 1923, Porthole Note, CU 225.00 Fr. 841, $5, 1914, red seal, XF 50.00 Fr. 1172, $10, 1907, Gold Certificate, AU-CU 79.50 Fr. 1215, $100, 1922 Gold Certificate, VF-XF 175.00 CHOICE, COMPLETE GEM CU SET Small-size U. S. Notes and Silver Certificates Includes: 1928 U. S. Note 1928, A, B, C, D, E ; 1934, 1935, A, B, C, D, D, E, F, G, G, H; 1957, A, B Silver Certificates & S; Hawaii ; N. Africa Try to duplicate at $1,650.00 BUYING ALL COLORADO NATIONALS. Ship with invoice or for our offer. OUR NEW LOCATION THE TEBO BUILDING TEBO COIN CO. P. 0. BOX T, BOULDER, COLORADO 80302 New address: TEBO SQUARE, Suite B, 3141 28th Street Phone (303) 4440-2426 PUBLIC AUCTION SALE OCTOBER 31, 1973 • Outstanding National Currency Collection • featuring 72 of the first 100 charters including Charter #13—$5 Second Nat'l Bank of Cleveland, Ohio Charter #16—$5 FNB of Sandusky, Ohio Charter #23—$5 FNB of LaFayette, Ind. Charter #65 or 458—$1 First Nat'l Bank of Norwich, Conn. and $5 FNB of Hawaii at Honolulu, Territory of Hawaii $10 FNB of Hastings-Upon-Hudson, N.Y . Small Notes inc. 1929 Uncut Sheet of North Dakota also U.S. Colonial Coins, Large Cents, Silver and Gold coins CATALOG AND PRICES REALIZED $2.00 • LESTER MERKIN 445 PARK AVENUE, N.Y.C., N.Y. 10022 (212) 753-1130 THINKING OF SELLING? We are interested in purchasing single specimens and entire col- lections of the following: • COLONIAL & CONTINENTAL NOTES • OBSOLETE SCRIP & BANK NOTES • ODD DENOMINATIONAL NOTES • PROOF NOTES • WESTERN TERRITORIAL NOTES • SUTLER NOTES • C.S.A. NOTES • U.S. FRACTIONAL NOTES • U.S. LARGE-SIZE NOTES MANY ITEMS AVAILABLE We have many scarce and choice items in stock and want lists will receive our immediate attention. COLONIAL VALLEY COIN CO. P. 0. BOX 187 MANHEIM, PA. 17545 WANTED IOWA IOWA IOWA IOWA NATIONAL BANK NOTES From the following IOWA cities and towns: Algona Dayton Humboldt Renwick Bancroft Eagle Grove Ida Grove Rockwell City Belmond Farnhamville Jewell Sac City Bode Forest City Kanawha Sioux City Britt Fort Dodge Klemme Swea City Buffalo Center Galva Lake City Thompson Burt Garner Lake Mills Titonka Clarion Gilmore City Lehigh Webster City Corwith Goldfield Odebolt Wesley Crystal Lake Gowrie Pomeroy Williams Holstein Rake Please state condition and price or send insured for my fair offer to WILLIAM R. HIGGINS, JR. BOX 64, OKOBOJI, IOWA 51355 ANA Life #109 SPMC #2950 - WANTED - Highest dealers' prices paid for required STRICTLY CRISP UNC. large size U.S. Paper money. Series 1861-1923; RARITIES considered in all grades. Especially need large NA- TIONALS. Please write with conditions and prices; (PLEASE DO NOT SEND NOTES UN- SOLICITED.) Also as required, we purchase literature in re large paper money. We also specialize in WESTERN AMERICANA, and will consider related material such as: Terri- torial Gold Coins, documents, letters, autographs, photos, checks, scrip, certificates, bonds, covers, broadsides, books, firearms (before 1898 only) etc., pertaining to such entities as Wells Fargo & Co., Pony Express, Indians, famous lawmen, infamous outlaws, Gold Rush memorabilia, and Western collateral in general. Pre-1898 Firearms limited to Colt and Remington revolvers; also Winchester rifles. Other artifacts, such as strongboxes, mail- bags, belts, badges, Silver/Gold bars, also wanted, ORIGINALS only. (No Wells Fargo belt buckles, or "bawdy" house tokens, please.) Write or call with descriptions, prices, etc. SPMC 948 M. PERLMUTTER P. 0. BOX 476, NEWTON CTR, MASS. 02159 (617) 332-6119 After 3 P.M. EDT, Please ANA 50340 Dealers & researchers; members of leading numismatic exonumistic and philatelic organizations. Appraisals made; (fees appli- cable). Research inquiries invited. (SASE ONLY). CONFEDERATE CURRENCY All numbers are Criswell (C). On the split grading, it is to your advantage. Satisfaction guaranteed. Mostly one of a kind, so get your orders in quickly. Confederate is moving; I'll buy too-write! C-5 F/VF 75.00 C-391 F 8.00 C-6 XF 80.00 C-398 F 7.00 '- C-7 F/VF 55.00 C-402 VG/F 15.00 C-16 UNC. 16.00 C-412 F/VF 3.00 C-28 VF 6.00 C-427 VG 3.00 C-34 F 9.00 C-442 VF/XF 3.00 C-57 F 7.00 C-453 F/VF 3.00 C-76 F/VF 8.00 C-471 VG 4.00 C 83 F 6.00 \ C-471 VF 8.00 N-C-100 F/VF 85.00 \ C-474 F/VF 7.00 C-102 F/VF 4.00 C-487 VG 3.00 C-139 VF 10.00 C-489 VF 45.00 C-144 F/VF 15.00 C-490 F 6.00 C-150 F/VF 60.00 C-502 F/VF 4.00 C-156 VG 13.00 C-504 VF/XF 3.00 C-168 F 18.00 C-505 UNC. 4.50 C-236 F/VF 7.00 C-516 VF 4.00 C-237 F/VF 35.00 C-518 VF 4.00 C-238 F 8.00 C-522 VF 3.00 C-244 F/VF 60.00 C-525 F/VF 4.00 0-250 F/VF 8.00 C-531 F 9.00 C-262 VG 7.00 C-543 UNC. 4.00 C-279 F 6.00 C-548 F/VF 2.00 C-285 F/VF 8.00 C-549 UNC. 3.00 C-291 VF ., 4.00 C-549A UNC. 3.00 C-296 VG/F 3.00 C-550 UNC. 3.00 C-298 F 4.00 C-558 UNC. 3.00 C-315 F/VF 4.00 C-562 UNC. 3.00 C-316 F 3.00 C-563 UNC. 3.00 C-316 VF/XF 5.00 C-574 UNC. 8.00 C-335 VG 6.00 C-578 AU 4.00 C-337 F/VF 9.00 C-338 VG/F 20.00 Georgia: C-340 VG/F 4.00 C-14 G 2.00 C-341 VF 6.00 C-14-A VG 3.00 --.„,,,.. -342 G 5.00 C-344 VF 15.00 North Carolina: C-363 F/VF 6.00 C-22 XF 2.00 C-369 XF 4.00 C-22 UNC. 3.00 C-377 F 3.00 C-32A AU 2.00 C-382 F/VF 3.00 C-87 AU/U 5.00 Always buying Nationals from any state. Large type notes in AU and CU wanted. Charlotte, Dahlonega and New Orleans gold and early choice Canadian type coins also WANTED. Let me hear from you NOW ! JAMES A. SPARKS, JR. ANA, SPMC, PMCM POST OFFICE BOX 235, SALISBURY, NORTH CAROLINA 28144 WE WANT TO BUY Zad * All Texas, Oklahoma, New Mexico, Hawaii, Montana, Puerto Rico, Alaska, Arizona Nationals, large or small. * Silver Certificates, a premium for Fr. 245-246, 259-265, 271- 281, Crisp New condition. * Any rare type notes, obsoletes or depression scrip. *** CONSIGNMENTS or Purchases for our next Specialized Auction. Drop a line or call for particulars on a big one for late winter. 20 feat cal me coaect lie, 2145 50th Street LUBBOCK,TEXAS 79412 (806)747-3456 ANA-LM, SOPMC, INBNS, TNA MOP JUlectCak SPECIAL SERIAL NUMBERS . . . CRISP UNCIRCULATED 1928 $1 SC B00000039A $32.50 1957B $1 SC R0000089xA $ 6.00 1935A $1 SC F00000008C 40.00 S000012xxA 4.00 F00000009C 40.00 1963 $1 FRN C000066xxA 3.00 F00000010C 40.00 C00006644A 3.50 C00006655A 3.50 1935B $1 SC D000001 10D 25.00 C00006700A 4.50 D00000220D 25.00 C00006677A 3.50 D00000330D 25.00 C00006699A 3.50 G81000018D 25.00 K00022609 2.50 1935E $1 SC Q000001 xxH 11.00 1963A$1 FRN C000xxxxxA 1.50 35G nm $1 SC D00000096J 19.50 D000708xx* 2.50 35G nm $1 SC C000002xxJ 10.00 K0031248x* 1969 $1 FRN C00006633A 2.00 5.00 1957 $1 SC A0000136xA 4.50 C00033600A 3.00 above have obv. & rev. plate #1 C06060303A 3.00 1957 $1 SC X00000090A 19.50 1969B$1 FRN K000118xxA K00011888A 2.50 5.00 1957A $1 SC A000026xxA A0002418xA 4.00 2.50 1935C $1 SC T00006300D 1963A $5 FRN 0000063006 28.00 G24202020A 3.00 1969 $1 FRN C00006300A PIEDMONT COIN COMPANY, Post Office Box 848, Burlington, North Carolina 21215 WANTED: RARE LARGE-SIZE NOTES We require RARE large-size notes in any grade; type notes in CU only (no Federals, please), in $1 through $100 denominations. We also need all grades large-size NATIONAL BANK NOTES (requirements subject to change without notice), mainly FIRST CHARTER $1, $2 and $5; SECOND CHARTER brownback $5s, and THIRD CHARTER RED SEALS $5, $10 and $20. TOP DEALER PRICES PAID FOR REQUIRED MATERIAL. We also pay top dealer prices for required "AMERICANA" WESTERN, INDIAN & TERRITORIAL items of mid-1840s to mid- 1890's ONLY, such as: broadsides, Gold Rush, Pony Express and Wells, Fargo memorabilia; documents, letters, coins, bars, books, autographs, checks, bonds, certificates, drafts, covers, pre-1898 firearms,* etc. WRITE or CALL (collect) first and describe what you have to offer. As dealers, we also have on hand a fine selection of notes and Western collateral for sale. Your inquiries are respectfully solicited. * No "Wells Fargo" buckles or "bawdy house" tokens, or reproductions of any kind, please. Phone: (617) 332-6119, between 3-10 PM, EDT M. PERLMUTTER P. 0. BOX 476, NEWTON CTR., MA. 02159 Phone: (617) 332-6119, between 3-10 PM, EST Specializing in U. S. LARGE paper currency, Series 1861-1923, and Western "Americana." Researchers, Dealers and Appraisers. Contributors to the leading publications and trends in the field of U. S. paper money. Members of SPMC (948), ANA, ANS, PMCM, CCRT and other leading numismatic, exonumistic and philatelic organizations. WANTED NORTH CAROLINA PAPER MONEY (FOR MY COLLECTION) N.C. SMALL NATIONAL BANK NOTES ALL KINDS OF N.C. SCRIP NORTH CAROLINA STATE NOTES CRISWELL NOS: 74-B (will pay $275.00 for an E.F. note) 23 (paying $100.00 V.F. up) 81 (will pay $25.00 V.F. up) All 20c notes V.F. up paying $10.00 Wanted: Red Seal Large N.C. National Notes FOR SALE Hundreds of obsolete notes and few National notes POLITICAL ITEM The 1972 Official Democrat 260-page program book. This is a must for political collectors. $4.00 POSTAGE PAID. ROBERT P. PAYNE P. 0. BOX 5433 HIGH POINT, NORTH CAROLINA 27262 ANA #R036456 SPMC #287 COINS & CURRENCY, INC. Offers NEW YORK SCRIP (Add 25c postage to prices) Note New Address! 129 S. 16th STREET, PHILADELPHIA, PA. 19103 1. L. H. Gates - 191-3rd Ave., New York 50c 1862 U/S 3. Bank of Ulster, New York check 1863 attractive vigs. 4. Whitehall Village, New York 5c 1862 5. Susquehanna Valley Bank, New York 5c 1862 6. Central City Bank, Syracuse, New York 10c 1862 7. Hiram Vails Bank, Amenia, New York 5c Green & Black 8. Thomas Buswell, Utica, New York 3c 1863 9. City of Troy, New York 10c 1862 10. City of Schenectady, New York 25c 1862 11. Schoonmaker & Johnson, Coeymans, N.Y. 10c 12. Red Hook Bldg. Co., New York 1.00 1838 13. Corp. of Roundout, New York 50c 1862 Purple Print 14. Corp. of Sandy Hill, New York 5c 1863 15. Village of Kingston, New York 5c 1862 16. City Trust, New York 2.00 1839 17. Bank of Orange County, Goshen, N.Y. 2.00 18. Rochdale Factory 50c 1837 Eagle Vign. 19. New York Loan. Co. 20.00 1838 Right Side dam. 20. New York Loan Co. 10.00 1838 21. Mechanics Bank, N. York City 5.00 22. George W. Hallock, Bath, New York 25c 1862 23. H. J. Messenger, Marathon, New York 25c 186- 24. Monroe County Bank, Rochester, N.Y. 10c 1862 25. Hungerford's Bank, Jas. I. Steele, Mannsville, N.Y. 50c Red Print 26. Sayles & Antisdel, Middlefield, N.Y. 50c 1862 27. Lyons Bank, New York 50c 1862 Washington vign. 28. J. W. Winn & Co. Bank of America, Jersey City, N.J. 50c 1862 Phoenix vign. Stains 29. Dill & Swalm, Middletown, N.Y. 5c 1862 Wallkill Bank Dog & Safe Vign. 30. Woolworth & Graham, New York 25c Red lathework also payable on Hannibal, 31. Wm. McCullock, Lowville, N. York 10c 1862 Two corners off 33. Albert Bull & Co., Middletown, N.Y. 10c 1862 on Wallkill Bank ornamental reverse 34. E. & D. Bigelow & Co., Malden, N.Y. 5c 1862 affixed 35. Warren Casive, Herkimer, N.Y. 50c on Bellinger Bank Very Unc. X.F. Unc. Fine Une. Fine Fine Unc. Unc. $25.00 3.00 6.00 6.00 4.00 4.00 7.50 7.00 8.50 Very Good 6.00 Unc. 10.00 Fine 4.00 Very Fine 5.00 Fine 4.00 Unc. 12.00 Proof 60.00 Unc. 9.00 X.F. 8.00 A.U. 8.50 Proof 66.00 Unc. 6.00 TJne. 7.00 Fine 5.00 A.U. 7.50 Unc. 8.50 Unc. 8.50 X.F. 10.00 Fine 6.00 Mo. & Unc. 15.00 Unc. 6.00 A.U. 3.60 X.F. 7.50 V.G. 4.50 V.G. 6.00 Omaha, Nebr. 32. James C. Knox, Knox Corners, N.Y. 5c 1862 Send us your want list for checks, broken bank notes, Confederate, cumulations. Price and send. Large and Small U. S., autographs, etc. Offer us your ac- SMALL U. S. NOTES $2.00 1928D, F.1505, Unc. $16.00 5.00 1928, F.1515, Red seal, Unc. 29.00 5.00 1928B, F.1527, Red seal, Unc. 23.00 5.00 1928C, F.1528, Red seal, Uric. 21.00 5.00 1928C, F.1528, Red seal "-A. Unc 26.00 5.00 1934, F.1650, A.U., S.C. 10.00 5.00 1934, F.1650, S.C., Unc. 14.00 5.00 1934A, F.1651, S.C., A.U. 10.00 5.00 1934A, F.1651, S.C., Unc. 12.00 5.00 1934C, F.1653, S.C., Uric. 13.00 10.00 1934D, F.1705, S.C., A.U. 15.00 10.00 1929, F.1860-C, Nat. Curr. A.U. 21.00 5.00 1928B, F.1952-C, Fed. Res. Unc. 16.00 5.00 1934, F.1955-C, Fed. Res. Uric. 19.00 5.00 1934, F.1956-C, Fed. Res. Unc. 17.00 5.00 1934C, F.1959-C, Fed. Res. Unc. 11.00 10.00 1928B, F.2002-C, Fed. Res. Unc. 17.00 10.00 1934A, F.2006-C, Fed. Res. Unc. 19.00 10.00 1928, F.2400, Gold cert. X. F. 22.00 COLONIAL AND OBSOLETE NOTES ALSO IN STOCK. SEND WANT LISTS. ALSO WANT TO BUY. RICHARD T. HOOBER ANA 9302 NEWFOUNDLAND, PENNA. 18445 P. 0. BOX 196 LP„,11*_§!gt TETI NATIONAL CURRENCY WANTED BROWNSVILLE CAMDEN CARDIFF CARTHAGE CENTERVILLE CLARKSVILLE GOAL CREEK COOKEVILLE COPPER HILL COVINGTON CROSSVILLE DAYTON DECHARD DICKSON DOYLE DUCKTOWN ERWIN ETOWAH FAYETTEVILLE FRANKLIN GAINESBORO GALLATIN GREENEVILLE HARRIMAN HOHENWALD HUNTLAND HUNTSVILLE JEFFERSON CITY JELLICO JUNESBORO KENTON KINGSTON KINGSPORT L0FOLLETTE LAWRENCEBURG LEBANON LENOIR CITY LEWISBURG LEXINGTON LINDEN LOUDON LYNNVILLE MANCHESTER MARTIN MARYVILLE McMINNVILLE MURFREESBORO NEWPORT ONEIDA PARIS PETERSBURG PIKEVILLE PULASKI RIPLEY ROCK WOOD RCGERSVILLE RUSSELLVILLE SAVANNAH SELMER SHELBYVILLE SMITHVILLE SMYRNA SPARTA SPRING CITY SPRINGFIELD SWEETWATER TAZEWELL TRACY CITY TRENTON TULLAHOMA WARTRACE WAVERLY WINCHESTER WOODBURY Please Grade and Price JASPER D. PAYNE BOX 75, ROUTE 2, POWELL, TENN. 37849 66, 147, 299, 323, 337, 351, 389, 398, 405, 411, 483, 485, 493, 500, 650, 692, 751, 792, 846, 848, 922, 950, 977, 994, 999, 1101, 1299, 1403, 1441, 1540, 1577, 1581, 1593, 1611, 1618, 1629, 1661, 1671, 1684, 1696, 1724, 1726, 1744, 1776, 1801, 1811, 1813, 1815, 1836. 1862, 1880, 1891, 1943, 1947, 1976, 1986, 2012, 2015, 2028, 2032, 2033, 2051, 2080, 2115, 2177, 2182, 2191, 2197, 2215, 2230, 2247, 2298, 2326, 2327, 2363, 2364, 2411, 2417, 2484, 2535, 2555, 2573, 2586, 2588, 2595, 2644, 2656, 2679, 2721, 2733, 2738, 2753, 2766, 2818, 2821, 2841, 2856, 2895, 2936, 2953, 2961, 2971, 2983, 2984, 3012, 3017, 3026. 3048, 3049, 3053, 3055, 3071, 3112, 3153, 3197, 3225. 3226. 3252, 3263, 3273. Please let us know what you have for sale. WANTED TO BUY Large or Small Also interested in Nationals from other states and choice condition type notes. I will appreciate your offerings to us. Please state price and condition. Will also trade for No. Dakota Notes. CENTENNIAL COIN CO. BOX 755 BISMARCK, NORTH DAKOTA 58501 WE BUY AND SELL LARGE SIZE U. S. PAPER MONEY WANTED: Choice Condition and Scarce Large Size Notes Only. See Our Ads Each Month in the Numismatist and Numismatic Scrapbook SEND LIST FIRST, WITH CONDITION AND PRICES. L. S. WERNER 1270 Broadway, New York, N. Y. 10001 Phone LA 4-5669 SOCIETY CERTIFIED PROFESSIONAL NUMISMATISTS ASK YOUR FRIENDS ABOUT US NORTH DAKOTA NATIONAL BANK NOTES WANTED TO BUY Illinois National Currency Large, Small, Sheets, Any Condition, Any Type WANTED the following IOWA TOWNS by Charter numbers for my collection. CHARTER NO.'s ALEDO ALEXIS ASSUMPTION BEARDSTOWN BEACON BEECHER BLANDINSVILLE ELUE MOUND BUNKER HILL BUSHNELL CANTON CASEY CHADWICK COAL CITY COLCHESTER CUBA CULLUM DeKALB DIXON ERIE FREEPORT FOOSLAND GALENA GOREVILLE GRIEGSVILLE HEGEWISCH HENRY HOPEDALE IRVING IVESDALE KEITHSBURG KINMUNDY LANARK LELAND LENA LITTLE YOCK MANLIUS MT. CARROLL NAUVOO NEW BEDFORD OAKFORD OREGON PAW PAW PLYMOUTH POLO PRINCETON PROPHETSTOWN RANSOM ROCHELLE ROCK FALLS ROCK ISLAND ROSEVILLE RUSHVILLE SAINT PETER SHAWNEETOWN SPRING VALLEY STERLING SYCAMORE TRIUMPH ULLIN VALI ER VIRGINIA WADDAMS GROVE WALNUT WARREN WARSAW WAYNE CITY WOODSTOCK WYANET WYOMING XENIA ZEICLER Please state price and condition or send for an offer. STEVEN R. JENNINGS 3311 W. CARTHAGE, FREEPORT, IL 61032 LM ANA 648, SPMC DAVID DORFMAN ANA, SPMC, ASDA P. 0. BOX 185 SIOUX CITY, IOWA 51102 "FOR SALE" PAPER MONEY AND OBSOLETE CURRENCY LARGE AND SMALL USA CURRENCY LARGE AND SMALL NATIONAL CURRENCY "RADAR" SERIAL NUMBER NOTES "UNUSUAL" SERIAL NUMBER NOTES FRACTIONAL CURRENCY COLONIAL AND CONTINENTAL CURRENCY CONFEDERATE AND CIVIL WAR ERA PAPER ITEMS EARLY U.S. CANCELLED CHECKS BROKEN BANK NOTES Above price lists available for a large-size, self-addressed and stamped envelop e. Please, state your interest so I may send the lists of your choice. Prompt attention to every request. Satisfaction guaranteed. Robert A. Condo P. 0. Box 304, Drayton Plains, Michigan 48020 ANA-LM 813, SPMC 2153 NE W! FREE LIST No. 9 of POPULAR SCARCE RARE WORLD PAPER MONEY Now Available! MHR DEPT. PM , P. 0. BOX 148 BROOKLYN, NY 11236 National It ank Notes especially Western, Territorial & Southern and Calif. GOLD BANK NOTES Also require Western, Indian "Americana" items & artifacts, circa 1848-1890.* * See our other detailed "Wanted" ad, this issue. M. PERLMUTTER SPMC 948 P. 0. BOX 476 NEWTON CTR., MA 02159 Phone 617-332-6119 (After 3 PM EDT, Please.) WANTED! LARGE-SIZE DCK WANTED GEM UNCIRCULATED LARGE-SIZE NOTES ALSO UNCUT SHEETS LARGE AND SMALL-SIZE NOTES NAME YOUR PRICE. WRITE OR CALL • DON C. KELLY BOX 3115 HAMILTON, OHIO 45013 PHONE (513) 523-3805 NEBRASKA OBSOLETE CURRENCY NATIONALS WANTED From • KANSAS N EBRASKA NORTH CAROLINA I am buying single notes and uncut sheets of Nebraska Obso- letes for my collection. Also, medals, badges, pins, book- lets, etc. of the Trans-Mississippi Exposition. Describe and Price. • LEONARD M. OWEN SPMC 2044 3602 NORTH 52nd STREET OMAHA, NEB. 68104 We have serious collectors for the above states in any condition, by charter number, bank title, and type. Please send us a list of what you have avail- able, listing the Friedberg number, charter number, and condition, along with your asking price. We are interested in all other choice condi- tion currency. What do you have and how much? Joe Flynn, Sr. Coin Co., Inc. BOX 3140-P KANSAS CITY, KANSAS 66103 Phone 913-236-7171 Wanted Pennsylvania National Bank Notes Large or small, any type, any denomination, or un- cut sheets. Akron #9364 Leola #13186 Bainbridge 9264 Lincoln 3198 Blue Ball 8421 Lititz 2452 Brownstown 9026 Lititz 5773 Christiana 2849 Lititz 9422 Christiana 7078 Manheim 912 Columbia 371 Manheim 3635 Columbia 641 Marietta 25 Columbia 3873 Marietta 2710 Denver 6037 Marietta 10707 Elizabethtown 3335 Marietta 14276 Ephrata 2515 Maytown 9461 Ephrata 4923 Millersville 9259 Gap 2864 Mount Joy 667 Intercourse 9216 Mount Joy 1516 Lancaster 333 Mountville 3808 Lancaster 597 New Holland 2530 Lancaster 683 New Holland 8499 Lancaster 2634 Quarryville 3067 Lancaster 3367 Quarryville 8045 Lancaster 3650 Strasburg 42 Lancaster 3987 Strasburg 2700 Landisville 9312 Terre Hill 9316 State price and condition or send for my fair offer. ELMER E. PIERCE P. 0. BOX 131, EPHRATA, PENNA. 17522 Member ANA 20105 Member SPMC 2579 SELL HARRY YOUR MISTAKES! Harry wants to buy currency er- rors . . . large and small-size notes . . . also interested in buying Na- tionals. Harry is selling error notes. Please write for list or specify notes .. . a large selection of error notes available. HARRY E. JONES P. 0. BOX 42043 CLEVELAND, OHIO 44142 Custer City Texhoma Verden Waurika Fairview Ponca City Heavener Hydro Eldorado Cordell Stilwell Sayre Harrah Shattuck Braman Pond Creek Yale Geary Tyrone Checotah Kaw City Marlow Bennington Waukomis Hollis Madill Achille Colbert Ringling Vian Commerce Erick Pocasset Tonkawa Carnegie Idabel Moore Wellston Helena Depew Pryor Creek Apache Blair Coyle Haskell Kingston conditon. Call collect if you have an Oklahoma Note for sale or trade. Evenings (4051 WANTED TO BUY Material Relating to: Boy Scouts of America Anything from newspaper articles to badges Must be before 1925 Also Interested in Errors in Paper Money State price and describe in first letter. HARRY L. STRAUSS, JR. 619 SOUTH STREET PEEKSKILL, NEW YORK 10566 Thinking of Selling? Would you try to sell your stamp collection to a coin dealer? Don't make the same mis- take with your U.S. paper money. We are a full-time dealer specializing exclusively in U.S. paper money. Need we say more? Aside from needing large size notes and scarcer small notes we also need: • Large size $5 & $10 Federal Reserve Notes in strict new. • Small size $5 & $10 Federal Reserve Bank Notes in strict new. • Large or small size California National Bank Notes in all grades (no Los An- geles or San Francisco). THE VAULT P. 0. BOX 2283 PRESCOTT, ARIZ. 86301 WANTED OKLAHOMA NATIONAL BANK NOTES Large or small. Below are some of the towns I need for my personal collection. PAYING TOP PRICES. Will also trade. Newkirk Davis Stillwater Alva Mangum Chelsea Marietta Yukon Wanette Mc Cloud Beggs Coweta Broken Arrow Berwyn Stingier Porter Wetumka Guymon Maud Duncan Seiling Minco Comanche Will accept any National Bank 635-2377 HARRY SCHULTZ KREMLIN, OKLA. 73753 ANA 38362 SPMC 994 ODD DENOMINATIONS WANTED I WANT TO PURCHASE ODD DENOMI- NATION U.S. OBSOLETE NOTES & SCRIP FOR MY COLLECTION. NOTES MUST BE PAYABLE IN CENTS OR DOLLARS. I ALSO HAVE SOME EXTRA ODD DE- NOMINATION NOTES TO TRADE FOR DENOMINATIONS THAT I DO NOT HAVE. PLEASE ADVISE WHAT YOU HAVE TO OFFER. YOU WILL RECEIVE A PROMPT REPLY. CLARENCE L. CRISWELL 4500 67th WAY NORTH ST. PETERSBURG, FLORIDA 33709 PHONE 813-544-2757 Collector/Dealer Since 1935 WANTED "LAZY TWO" GRAND RAPIDS, WIS. Universal Numismatics Corp. FLOYD 0 JANNEY LM No. 415 P.O. Box 143 Waukesha, Wisc. 53186 1974 WILL BRING 6 ISSUES OF 4941.(2il 971.01112.1/ Plan ahead for the new bimonthly schedule: • Advertising • Editorial Matter and Features We need more of both. Write the Editor now! BARBARA R. MUELLER 225 S. FISCHER AVE., JEFFERSON, WI 53549 (414) 674-5239 NATIONALS • I. Send self-addressed stamped envelope for free list of Large and Small-Size National Bank Notes. • H. If you have National Bank Notes that you would like to sell, please contact me. Telephone 712-255-6882 or 712-365-4514 • CURTIS IVERSEN P. 0. BOX 1221 SIOUX CITY, IOWA 51102 WANTED DENOMINATIONAL OR SO-CALLED "GOOD FOR" POCKET MIRRORS Any state wanted—Premium prices paid for Nevada pieces. Nevada National Bank Notes also wanted. HAL V. DUNN SPMC—ANA—LM P. 0. Box 114, Carson City, Nevada 89701 WANTED CUBA and PUERTO RICO • —POST CARDS —PAPER MONEY —DOCUMENTS —BOOKS • Pay high prices. • JULIAN VALDES P. O. BOX 703, SHENANDOAH, STA., MIAMI, FLA. 33145 ANA FUN SPMC IBNS WANTED SOUTH CAROLINA CURRENCY I am anxious to purchase obsolete notes, script, bonds and stock certificates. Will buy singles or collections. Highest prices for items need in my collection. Bill McLees P. 0. Box 496, Walhalla, SC 29691 I NEED SOUTH CAROLINA PAPER MONEY I WANT TO BUY ALL TYPES OF SOUTH CAROLINA PAPER MONEY FOR MY PERSONAL COLLECTION. I Need — PROOF NOTES OBSOLETE BANK NOTES S.C. NATIONAL BANK NOTES CITY, TOWN & PRIVATE SCRIP I HAVE SIMILAR MATERIAL FROM OTHER STATES THAT I WILL TRADE FOR NOTES THAT I NEED. PLEASE WRITE FOR MY DETAILED WANT LIST. I Also Collect — PROOF NOTES WORLDWIDE SPECIMEN NOTES BRITISH COMMONWEALTH VIGNETTES USED ON BANK NOTES COUNTERFEIT DETECTORS BANK NOTE REGISTERS SPMC #8 J. ROY PENNELL, JR. ANA #11304 P. 0. BOX 858 ANDERSON, SOUTH CAROLINA 29621 by Dordon. VALUATIONS • DESCRIPTIONS • ILLUSTRATIONS - to. POPULAR PRICE 3.50 PREPAID NEW LISTING OF OVER 100 KNOWN COUNTERFEITS! Are you aware that there are over 30 known counterfeits of $5 First Charter Nationals and nearly as many $2 (Lazy 2) notes? IF YOU COLLECT OR IF YOU CONSIDER BUYING OR SELLING ONE OR MORE NOTES, YOU CAN'T AFFORD TO BE WITHOUT THIS NEW 1973 EDITION. DONLON CATALOG 3 • 50 UNITED STATES LARGE SIZE PAPER MONEY 1861 to 1923 184 INFORMATION PACKED PACES IT DOESN'T COST! IT PAYS!! Hundreds of changes in text and valuations Your dealer has it, or order your autographed copy direct $3.50 Ppd. WILLIAM P. DONLON P. 0. Box 144, Utica, New York 13503