Paper Money - Vol. VII, No. 3 - Whole No. 27 - Summer 1968

Paper honey DEVOTED TO THE STUDY OF CURRENCY _404141.144111141141MV #1) flt; C.41.0 FIFTY CENT'S. in .yrIte 4nwunl will 4nieteni, in 6e eentseatille into 7 /us cent ig4o, Isayaide by the *nit oi out e.aate in ease /he §overnmeni of eAeden the 41:Ii Anld 1,.11 unntry WitIVO4 fir het 4e a111 .1 out )Cal (I loft twelote WRARYitik. .4:44-M041.40:7+:41E4.4E+ Fractional note of the "Imperial Government of Norton I" in San Francisco, 18'72. See Harry G. Wigington's catalog of the obsolete paper currency, drafts and scrip of California on Page 75. VOL. 7 1968 Whole No. 27 No. 3 OFFICIAL PUBLICATION OF cociett, ti Pape Moitq 611ectop4 © 1968 by The Society of Paper Money Collectors, Inc. U. S. SMALL SIZE NOTES All Superb, Crisp New if not otherwise stated. # Indleates margin trifle elose. Remember, "You get What you Pay Fur-and 'e" at lichee's. $1 SILVER CERT'. 201-1 1928 VF 4.50, ExF $5.95, AU $8.00 12.50 201-2 1928A VF 3.35, AU $5.00 10.50 201-3 1928B VF $5.25 11.50 201-4 1928C VF write 201-4 1928(2 Wtd. 201-5 1928D # $195.00 225.00 201-6 1928E CU Wtd. 201-7 1934 VF 2.95, # $7.50, 8.95 201-8 1935 AU 4.50, # $6.95 8.75 201-9 1935A AU 2.25, # $3.25 3.95 201-10 1935B 11.00 201-11 1935C # $3.95 4.95 201-12W 19351) Wide Rev. # $3.50 1.50 201-12N 1 935D Narrow Rev. # $3.25 3.95 201-13 1935E $4.65 2.95 201-14 1935F * $3.65 2.65 201-17 1935G N/M # $2.15 2.65 201-18 1935G W/M # $2.75 3.50 201-14 1957 * $2.95 2.25 201-16 1957A * $3.35 2.25 201-19 1957B * 2.95 2.25 NORTH AFRICA A201 1935A $1 Fine $3.00 VF $4.50, ExF $6.50 13.50 A205-2 1934A $5 VF 10.50, ExF $12.00, AU $14.50 24.50 A210-2 1934A $10 VF 21.00, Ex F $23.00, AU $25.00 30.00 HAWAII ISSUE H201 1935A $1 Fine 2.75 VF $3.75, Ex Fine 4.50 # $6.95, Nice 7.95 Nos. under 1,000 17.50 Nos. under 2,000 16.50 HSO1-1 1934 $5 69.50 HSO5-2 1934A $5 # $42.50 49.50 H510 1934A $10 CU W td. 11520-1 1934 $20 VG-CIT Write H520-2 1934A $20 "R" & "S" ISSUE R201, S 201 Pair # 129.50 Superb Pair 145.00 Pair, last 2 Nos. Match: # $137.50 157.50 $5 SILVER CERT. 205-1 1934 15.75 205-2 1934A AU $9.00 13.75 205-3 1934B ExF 18.50 AU $22.50 42.50 205-4 1934C 17.50 205-5 1934D 13.50 205-6 1953 13.50 205-7 1953A # 8.50 9.50 205-8 1953B # $8.25 9.50 Above Set (8) 136.50 $10 SILVER CERT. 210-1 1933 VF-CU Wtd. 1934 1934 34.50 210-3 1934A 37.50 210-4 19:34B Fine-Cr. AU write 210-4 19348 650.00 210-5 1934C 23.50 210-6 19341) 21.00 210-7 1953 27.50 210-8 1953A 27.50 210-9 195313 # $24.00 27.50 $1 LEGAL TENDER 101-1 1928 # $21.00 27.50 No. under 2,000 47.50 No. under 5,000 # $35.00 39.50 $2 LEGAL TENDER 102-1 1928 39.50 102-2 1928A CU Wtd. 102-3 1928 B Wanted-write 102-4 1928C # $22.50 29.50 102-5 19281) # $13.00 16.50 102-6 1928E 29.75 102-7 1928F # $11.00 15.50 102-8 1928(1 # $6.95 8.50 102-9 1953 # $5.75 7.50 102-10 1953A # $5.15 6.50 102-11 1953B # $3.50 4.50 102-12 19530 # $3.00 4.25 102-13 1963 3.35 102-14 1963A 3.50 $5 LEGAL TENDER 105-1 1928 AU $13.00 26.50 105-2 1928A # $65.00 77.50 105-3 19288 AU $15.00 39.00 105-4 1928C 27.50 105-5 1928D Wanted-write 105-6 1928E 24.50 105-7 1928F 23.50 105-8 1953 18.50 105-9 1953A 13.50 105-10 1953B 12.50 105-11 1953C 8.95 105-12 1963 6.75 105-13 1963A Wtd. Above Set (12) Write $5 FED. RESERVE 505-1F 1928 AU 15.00 505-1J 1928 AU 16.50 505-3C 1928B # $15.00 19.00 505-3J 1928B AU $14.00 22.50 505-6BL 1934 # $15.00 19.00 505-60L 1934 16.00 505-7G 1934A Star 19.00 505-8G 193413 16.00 505-9G 1914C 10.50 505-11G 1950 9.00 505-11H 1950 9.50 505-11K 1950 9.50 505-12B 1950A 9.00 505-12J 1950A Star $11.00 9.00 505-12K 1950A Star 12.00 505-13J 195013 8.50 505-14C 1950C Star 505-14J 1950C 505-15J 1950D Star $7.50 505-17L 1950E 505-18(7 1963A Star 505-18E 1963A Star $10 FED. RESERVE 510-1F 1928 # 29.50 510-10 1928 510-3A 1928B 510-3B 1928B 510-30 1928B # 19.50 510-3J 1928B 510-6B 1934A # $16.50 510-6J 1934A 510-8B 1934C 510-8G 1934C 510-8L 1934C 510-10J 19500 510-11J 1950A 510-12F 19508 510-12J 1950B 510-13J 1950C 510-142 1950D $20 FED. RESERVE 520-1(1 1928 520-2D 1928A # $29.00 520-30 19288 # $25.00 52.0-5G 1934 520-60 1934A Star $35.00 520-6J 1934A Star 520-8B 1934C Star $29.50 520-100 1950 5:'0-1 OH 1950 520-10J 1950 520-140 19501) 520-15.1 1963 $50 FED. RESERVE 550-1B 1928 550-3G 1934 550-5G 1934B Scarce 9.50 7.50 6.25 8.00 7.00 7.00 35.00 27.50 24.50 19.50 24.50 24.50 19.50 22.50 16.50 16.50 17.50 16.50 15.00 15.00 13.50 14.50 12.50 :16.00 33.00 29.50 29.53) :'1.50 :16.00 26.50 22.50 27.50 27.50 24.50 22.50 85.00 69.00 97.50 FEDERAL RESERVE SETS Last Call at these Bargain Prices, 1963, 1963A $1 Sets, all 12 Districts. Both Sets Either Set, Last 2 (24),Last 2 Set Nos. Match Nos. Match TOM'S ALBUMS Houses Set Small $1 Fed. Reserve. #111 For 1963 Set (12). Postpaid #111A For 1963A Set (12). Postpaid Deluxe Binder (10%x11). Postpaid 3.65 3.65 4.50 $35.00 47.50 77.50 1963, 1963A Sets $15.95 $16.95 -Star - Sets 19.95 2:3.50 Both Sets (48), last 2 Nos. Match S.ngle Notes, any Dist. $1.75, Stars $2.00 FLIP-UP ALBUMS For Large Notes. Capacity 50 Notes For Small Notes. Capacity 50 Notes 12.50 10.50 Bowen's "State Bank Notes of Michigan". Postpaid 12.50 Dillisten's "Descriptive History of National Bank Notes 1863-1935." Postpaid 6.50 Donlon's "Catalogue of Small Size Notes." First Edition 5.50 2nd Edition $2.75, 3rd or 4th Editions 1.10 New Catalogue "U. S. Large Size Paper Money" 3.00 Kemm's "Official Guide of U. S. Paper Money." Cloth $3.00, Paper cover 1.10 Friedberg's "Paper Money of the United States." 6th Edition 14.00 Shafer's "Guide Book of Modern U. S. Currency." Uses Donlon Nos. 2.10 Book Order will include our 108-page Supply Catalogue FREE. URGENTLY WANTED-Choice 1st, 2nd Charter and Territorial National Bank Notes, Two-Denomination Notes, Uncut Sheets. Also, VF-Unc. Notes. Minimum Order $5.00 (except Books). Add 50c under $50.00. Nebraska Residents add Sales Tax. How about a Trial Order- You'll become another "Bebee Booster." i RESPONSIBILITY NOWLEDGE pROFESSIONk NUMISMATISTS GUILD ° tiebee's, inc. "Pronto Service" 4514 North 30th Street Phone 402-451-4765 Omaha, Nebraska 68111 Paper Motel VOL. 7 NO. 3 THIRD QUARTER 1968 WHOLE NO. 27 PUBLISHED QUARTERLY BY THE SOCIETY OF PAPER MONEY COLLECTORS Editor Barbara R. Mueller, 523 E. Linden Dr., Jefferson, Wis. 53549 Research Consultant, Obsolete Currency Mrs. C. Elizabeth Osmun Publisher J. Roy Pennell, Jr., Box 3CO5, 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, Fort Lauder- dale, 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 $4 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, l5.00 a year. Published quarterly. ADVERTISING RATES One Tone Yearly Outside Rear Cover $37.50 $140.00 Inside Front & Rear Cover 35.00 130.00 Full Page 30.00 110.00 Half Page 17.50 60.00 Quarter Page 10.00 35.00 Schedule for 1968-69 Advertising Publication Deadline Date Issue No. 28 Nov. 15, 1968 Dec. 15, 1968 Issue No. 29 Feb. 15, 1969 Mar. 15, 1969 CONTENTS Obsolete Paper Currency, Drafts and Scrip of California, by Harry G. Wigington 75 What Happens to Your Collections When You Die? by George W. Killian 87 Samuel Slater and The Manufacturers Bank, by Maurice M. Gould 91 Dakota Territory, by M. Perlmutter 92 Netherlands Issues Postal Check Stamp 92 Assistant Treasurer of the United States $10 Silver Certificate 93 More About Onepapa 94 Girard National Bank, by Frank F. Sprinkle 94 New Edition of Friedberg's Catalog 94 More Error Notes, by George W. Killian 98 THE SOCIETY OF PAPER MONEY COLLECTORS, INC. Eric Newman Honored Again 94 In Memoriam: Jesse M. Taylor 94 Secretary's Report 95 Cadet-9 od Paper litoney Collectom OFFICERS President George W. Wait, Box 165, Glen Ridge, N. J. 07028 Vice-President William P. Donlon, Box 144, Utica, N. Y. 13503 Secretary Vernon L. Brown, P. 0. Box 8984, Fort Lauderdale, Fla. 33310 Treasurer I. T. Kopicki, 5088 S. Archer Ave., Chicago, Ill. 60632 APPOINTEES-1967-68 Librarian Earl Hughes Attorney Ellis Edlow BOARD OF GOVERNORS-1967-68 Thomas C. Bain, William P. Donlon, I larley L. Freeman, Nathan Goldstein II, Maurice M. Gould, Warren S. Henderson. Alfred D. Hoch, Richard T. Hoober, Morris Loewenstern, Charles O'Donnell, J. Roy Pennell, Jr., Matt Rothert, Glenn B. Smedley, George W. Wait M. 0. Warns. = = = == E = E == Paper Money Is A Copyrighted Publication = = =a =No article originally appearing in this publication. or part thereof or condensa- == = tion of same, can be reprinted elsewhere without the express permission of the Editor. =_= E Although your Officers recognize the publicity value to the Society of occasional re- == _ = = prints, they cannot allow indiscriminate use of the material from PAPER MONEY in F. = other publications even when condoned by the author. Therefore, authors should ---f==E contact the Editor for permission to reprint their work elsewhere and to make ar- =rangements == = 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. a= E -E= -11111111!111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111r6 Important Notice WHOLE NO. 27 Paper Money PACE 75 Obsolete Paper Currency, Drafts and Scrip of California By Harry C. Wigington (The Society of Paper Money Collectors has undertaken the task of revising and bringing up to date the i"Obsolete Note Listings by States" as published in The Numismatist during the period of 1922-1936. These original listings are still regarded as standard references on the subject of obsolete currency, and some of them have been reprinted in hook form. They stand as a tribute to their author, David C. Wismer, a numismatic pioneer of Hatfield, Pennsylvania, who died in 1949 at the age of 92.) CALIFORNIA BANKING HISTORY Jacob Primer Leese was the first American settler in the village of Yerba Buena, California. He built a store in 1837 and opened it as a trader and merchant. Years later, this same site was the location for the banking house of James King of William in San Francisco. Leese sold his building and lot to the Hudson Bay Co. for $4,600. This concern was the only one doing a general commercial business at Yerba Buena. On Feb. 12, 1847, W. B. M. Howard and Henry Mellus bought the property and formed the firm of Mellus and Howard Company. This co-partnership bought gold dust, paying for it in certificates, coin and exchange drafts, until the latter part of 1849. This was the beginning of merchant banking in California. Other merchants in 1848 and 1849 purchased gold dust and operated in the same manner. The first recorded and established bank in California was that of Wright & Co., established in the latter part of 1848. It was the first bank, and advertised as one. Stephen A. Wright was a partner in the firm of Wright & Stout, located in Santa Cruz, who were commission merchants and brokers. The Oct. 14, 1848 issue of The Californian lists the firm as dissolved. Shortly thereafter S. A. Wright. John Thompson, S. W. Haight and J. C. L. Wadsworth formed Wright & Co.. Bankers. In the Dec. 18, 1849 issue of The Pacific News, the firm adver- tised as having $200,000 cash capital. The first banking house to open in 1849 and erron- eously stated at times to be the first such firm was Naglee & Sinton. Henry M. Naglee was a captain in Stevenson's Regiment, and Richard H. Sinton had been a merchant. Sinton retired shortly after the partnership was formed and Naglee reorganized, opening a banking house as H. M. Naglee & Co. On Sept. 7, 1850 it became San Fran- cisco's first bank failure. Thus, true banking in California had started; how- ever, it was to lead an irregular life until the formation of National Banks in 1863. As a rule, California was a "hard money state." It had little tendency to use paper money. The bad banking experiences of the Eastern and Midwestern banks may have raised some questions in the minds of Californians. The use of gold coin, dust and nugget was the most popular and trusted means of business exchange of the day. On March 13, 1850, the California Legislature had by statute fixed the legal rate of interest at ten per cent with the further proviso that on special contracts any rate of interest could be agreed upon and paid. Also, Article IV, Section 34 of the California Constitution stated: "The Legislature shall have no power to pass any act granting any charter for banking purposes, but associations may be formed, under general laws, for the deposit of gold and silver; but no such association shall make, issue or put into circulation any bill, check, ticket, certificate, promissory note or paper, or the paper of any hank to circulate as money." In accordance with this constitu- tional mandate the first California Legislature passed on April 22, 1850 the following law: "No Corporation created, or to be created, shall, by any implication or construction, be deemed to possess the power of discounting bills, notes or other evidence of debt, or receiving deposits, of buying or selling gold or silver bullion, or foreign coin, of buying or selling bills, notes or other evidence of debt upon exchange or for circulation as money." Still, some banking houses attempted to make use of drafts, certificates, and notes, as demands of a booming and prospering community brought a need for the use of an alternate form of currency, limited as it was. The Legislature of California in 1855, to prevent further use of paper currency, passed a law making it a misdemeanor to "make, issue, or put into circulation any bill, check, ticket, certificate, or promissory note, of any bank to circulate as money." The following listing is a reference of those banking houses in the early days of California history which have come to light. All notes of California are scarce, and many are rare. At the end of this reference list is another list of banks which operated in California be- tween 1848 and 1863; however, none of their notes or drafts have come to light. It is unlikely that a complete list can ever be compiled for a state such as California, since operations were irregular as compared to the Eastern states. However, I hope that this list will aid collectors in the Western field of obsolete note collecting, where so much history is connected. This is an area where interest is growing each day. I have enjoyed work- ing with this listing and wish to express my thanks to the many people who have helped me. First, my wife, for being so patient with me; Grover Criswell; Ben Dubose; John Ford; Paul Garland; Cora Lee Gilillian of the Smithsonian Institute; Warren Henderson; Dick Hoober; Brent Hughes; Eric P. New- 20 A 11, .3.-) •,..tor to -Pa ti ro II Ter rVrAlW. Vat D. it their r4j107 i Darwin, In SIC county, 01., by ChecIarpe.rt'ttrterA r Goa 'ST j rwur.irr). 4 PAGE 76 Paper 'Miley WHOLE NO. 27 man; Paul Seitz; and George Wait; plus the many other people. Also, a special thanks to Frank Hannah for his wonderful photographic work on the notes. Rarity scale is as follows, which is standard for all states: R. 1—over 200 known R. 5-10-25 R. 2-100-200 R. 6-5-10 R. 3-50-100 R. 7-1-5 R. 4-25-50 None indicated, notes probably issued. Trying to fix a price scale on notes is a hard thing to do, as a price is usually set between two parties, and on what one party is willing to pay for a note. The following is a suggested value scale: R. 7-475 and up R. 6—$40 to R. 5-420 to $40 IMPRINTERS The following are known engraving firms whose names are imprinted on issues of California paper money: American Bank Note Co., New York Archibald McLees, New York Baldwin, Adams & Co., New York Britton & Rey, San Francisco Britton & Co., Printers, San Francisco Cal. Dem. Press Coso Mining News Print Cuddy & Hughes, San Francisco Danford & Huffy, New York & Philadelphia Gavit & Co., Albany Manouvrier, J. & P. Snell, New Orleans, Louisiana La Count Bros., Stationers, San Francisco Nathan Lane & Co.. New York Rawdon, Wright, Hatch, & Edson, New York Toppan, Carpenter, Casilear & Co., New York & Philadelphia Towne & Bacon, Printers, San Francisco R. 4-410 to $20 R. 3-45 to $10 R. 2—No notes, drafts, or certificates of deposit that common are known. H. G. W. Darwin No. 3 .opt L-Yie (1). Z. g'alutet. -;/ FOLSOM, CAL. /1 • . 17 lad Pi":"; 40;49 / /ere 5/4//t (e. n-err iii tfttf(t,,,,,,tt/ le"horte am/ 7/4 Ie/eztle. Folsom No. 1 DARWIN DEFIANCE MINING COMPANY No. 1. 5.00 No description No. 2. 10.00 No description No. 3. 20.00 Written dates. (L) Dog and key in circle. (C) TWENTY DOLLARS $20.00 in box border. (R) Head of cow in circle. R-7 No. 4. 50.00 No description Imprint: Coso Milling News Print NOTE: Text in black, ornaments and vignettes in green. The Defiance Mining Company operated several mines in Inyo County, California from 1874 to 1883. The principal ore mined was silver. FOLSOM BANKING HOUSE OF C. T. H. PALMER „' 7 .4 a, t ,./ WHOLE NO. 27 Paper Money PAGE 77 No. 1. Certificate of Deposit 186. engraved. (L) Revenue stamp. (C) BANKING HOUSE OF C. T. H. PALMER. (R) Date, and Folsom, Cal. R-5 Imprint: Towne & Bacon, Printers, San Francisco NOTE: Text printed in black. Varieties of drafts alsD exist, having same rarity scale. SACRAMENTO D. 0. MILLS & Co. No, 1. Draft 18 ... engraved. (L) View of ship in harbor. (R) View of sidewheeler ship. R-5 Imprint: Baldwin, Adams Co., New York NOTE: Number of varieties exist; all have the same rarity scale. D. 0. Mills & Co. opened for business in 1850 in the booming mining area of Sacramento and operated until 1872, when it closed its doors after suffering several financial strains. D. 0. Mills was one of the principals who formed the Bank of California on 7-1-1864. WELLS, FARGO & CO. No. 2. Draft 187.. engraved. (L) WELLS, FARGO & CO. across end. (C.) SECOND overprinted in center, rest of form is printed. R-3 Imprint: None NOTE: As in San Francisco, this firm had offices in Sacramento. Drafts also are found with California State Revenue Stamps in addition to the regular U. S. Revenue Stamps. Several varieties exist; drafts of the 1850's period are much scarcer and would have a rarity scale of R-5. Sacramento No. 1 -jU 0 4`' e 7„/ /C10 /-____:-......::- :f -- .4 ...■-•"-...:3...' --;7k/Gir.' / , J • . 1 477/ v "7- ..,..d rci6.9,9 ,- , • //.,7// 2/ //:, •,/„,/,/ 7 ////l//7f w/,,,4s.ede 64,,../ Ae,, ftlf,/ flirt/ ■ .,,, t, 41 40#4-e?4,40,,,•••:.,... , , ././/'- , -. 1/7 .. ',. -.-----.../7 ei-Le '174.... ,.<., ,,... (////„, „..„//;„ .....,„,,„/„„,../.../,;,,,,.,-, ,,,,;(; ./1////1 4 11/ -41 ,1//// i 7 M • ,.%/1"1/ /. (I, , ( / Sacramento No. 2 SAN FRANCISCO ADAMS & CO. No. 1. Draft 185.. engraved. (L) 3 women on rocks beside anchor. (C) Large scene of mining camp, with two men washing for gold, with miners watching, camp in background. State seal at bottom center. (L) Fancy engraved border lower bottom. Printed on blue paper. R-5 No. 2. Certificate of Deposit 185.. engraved. (L) Miner with pick and shovel. (C) View of Adams & Co. bank building. R-3 • PAGE 78 Paper Money WHOLE NO. 27 Imprint: Toppan, Carpenter, Casilear & Co., New York & Phila., Britton & Rey, San Francisco NOTE: Several varieties of each type exist. Drafts are the scarcer of the two types. Adams & Co. was formed in 1850 and operated until 1855 when it failed. In 1854 they took over the accounts of James King of William. In that same year, they became a joint stock company with capital of $2,000,000. BANKING HOUSE OF F. ARGENTI & CO. No. 3. 50.00 185.. engraved. (L) Minerva with sword and shield standing, globe and books. Large 50 in bottom corner. (C) 50 in engraved oval. (R) Woman with arm draped over neck of spread eagle resting on shield. Large 50 in engraved background. R-7 No. 4. 100.00 185. engraved. (L) ONE HUNDRED on end with engraved background. (C) Large ship scene, with sailing and steam ships. Safe at bottom center. (R) Justice standing with arm overhead and sword beside leg. 100 in large engraved oval. R-7 No. 5. 500.00 185.. engraved. (L) Ship in engraved border, 500 in oval at top. (C) Mercury sitting with sack in hand. Deer at bottom center. (R) Navigation standing beside anchor with horn of fruit in arm. Large 500 at bottom corner. R-7 No. 6. 1000.00 185 . engraved. (L) Navigation sitting on rocks, 1000 at bottom center. (C) 1000 in fancy en- graving, and cherubs playing at top. Small ship at bottom center. (R) Justice standing with sword and scale. 1000 bottom center. R-7 Imprint: Rawdon, Wright, Hatch & Edson, New York NOTE: Felix Argenti opened the banking house of F. Argenti & Co. in June, 1850. He had a successful banking operation, and the bank did well in its first years, withstanding bank runs in 1850 and 1852. However, runs in 1854 and 1855 drained the bank and caused the bank to cease operations in 1855. This bank was one of the few to make use of paper currency, and especially in the larger denominations. BURGOYNE & CO. No. 7. 25c 18 .. engraved. (L) TWENTY FIVE CENTS in center block, 25 in upper and lower corners. (C) View of bank building, 25 in ovals on either side. (R) Twenty-five in oval, and Cents in oval across end. R-7 No. 8. 50c No description No. 9. 75c No description No. 10. 1.00 No description Imprint: J. Manouvrier & P. Snell, N. Orls., La. NOTE: The banking house of Burgoyne & Co. opened for business on 6-5-1849. This firm had a successful bank- ing operation until 1854 and finally failed in 1855, due to growing debts and lack of specie to meet demands on deposits. CALIFORNIA, NEW YORK & EUROPEAN STEAMSHIP COMPANY No. 11. 50.00 Dates written. (L) FIFTY across end. (C) Bust of man, with FIFTY DOLLARS arched under bust. Small ship at bottom. (R) $50 across end. 1 8 6 0 in red overprint bottom center.... R-7 No. 12. 100.00 No description Imprint: Archibald McLees, New York CAROTHERS, ANDERSON & CO. No. 13. Draft 185.. engraved. (C) Small ship in bottom center, rest of form printed. R-4 Imprint: Britten 8" Rey, San Francisco NOTE: Several varieties exist; all have the same rarity scale. This banking house opened in 1852, and failed after a series of bank runs in 1854. B. DAVIDSON & CO. No. 14. Draft 18 ... engraved. Plain printed form on blue paper. R-4 Imprint: Britton & Co., S.F. NOTE: Number of varieties exist; all have the same rarity scale. B. Davidson opened his banking house in September, 1849, after the failure of Wells & Co. In 1851 Davidson became agents for Rothschild's of London. In the late 1860's the firm became Davidson, Barrie & Co. DONOHOE, KELLY & CO. No. 15. Draft 187.. engraved. (L) Two women, one standing with fasces and sword, one sitting on ground beside basket of fruit and shield. (C) Revenue stamp overprint. R-3 Imprint: Le Count Bros. Stationers, San Francisco NOTE: Several varieties exist; all have the same rarity scale. The firm of Donohoe, Kelly & Co. was formed when Joseph A. Donohoe and Eugene Kelly consolidated their banking interest in July, 1864. Kelly operated the New York branch of the firm, and Donohoe managed the San Francisco operation. Donohoe previously was a partner in Donohoe, Ralston & Co. DONOHOE, RALSTON & CO. No. 16. Draft IS.... engraved. (L) Fancy engraved border. (C) Navigation sitting beside globe, ships in background. R-4 0.01, rillinfir 0 0 V / ;4'14'90 ///, t'"'/ 7 4 , ,4„ ai. " ,, ///, ; 7, / FM.) Ears / ,/{// tii Onelran.dre4 ,47/7/ ,, - WHOLE NO. 27 Paper Money PAGE 79 San Francisco No. 1 San Francisco No. 3 San Francisco No. 4 San Francisco No. 5 San Francisco No. 7 kix.c.e& ..C24, -4141. flu San Francisco No. 11 EMI/ 1,1, iiintfranristo 47 /7,,...0(04tdoze , ,/.///,//////,,,//,/ //.// //// ,/ , . f";,.„7,./., 4, //,/,11,, 7(4. .15A,Iss ...ur .€4, Ai LEE, 11111.,,11. tall" 211 LW an IN CURRENT FUNDS AitO I ,I /,/".1.1i.e.VAI, PAGE 80 Paper Money WHOLE NO. 27 e AlauttlItt.Monse.:- ,:tV 4941 4,14 „.,00 ' 44.rtIll( sot San Francisco No. 13 San Francisco No. 16 San Francisco No. 15 Imprint: American Bank Note Co., New York, Britten & Rey, San Francisco NOTE: Several varieties of drafts exist; all have the same rarity scale. In January, 1855 the firm of Garrison, Morgan, Fretz & Ralston was formed. One year later on 1-1-1856, the firm of Fretz & Ralston was formed and operated until 6-1-1861, when Joseph A. Donohoe formed the firm of Donohoe, Ralston & Co. The firm operated until 7-1-1864, when it was dissolved. HENTSCH & BERTON No. 17. Certificate of Deposit 186. engraved. (L) Bust of Indian maid. (C) Dog with key lying beside safe. Eagle at bottom center. (R) CERTIFICATE OF DEPOSIT across end. R-4 Imprint: Cal. Dem. Press NOTE: Several varieties of these certificates exist, all having the same rarity scale. Drafts also probably exist. I lenry Hentsch opened a banking house in 1855 and continued its operation until the early 1860's when he formed a partnership with a party named Berton. This was a highly successful banking house under both names. IMPERIAL GOVERNMENT OF NORTON I No. 18. 25c No description. No. 19. 50c 18.... type print. (L) Bust of Norton. (C) FIFTY CENTS. (R) Bust of young girl with curls. Convertible into 7% Bonds in 1880. Printed in red. . R-7 No. 20. 50c 18.... type print. (L) Liberty standing with flag and shield. (C) NORTON I (R) Bust of Norton. Convertible into 7% Bonds in 1880. R-7 Paper Money PAGE 81WHOLE NO. 27 No. 21. 50c 18 ... type print. (L) Bust of Norton. (C) NORTON I (R) State seal of California in cir- cular medallion. Convertible into 5% Bonds in 1880. R-7 No. 22. 50c 18 type print. (L) Bust of Norton. (C) NORTON I State seal of California in circle. Con- vertible into 4% Bonds in 1890. R-7 No. 23. 75c No description. No. 24. 1.00 No description Imprint: Cuddy 5" Hughes, San Francisco NOTE: Joshua Norton came to San Francisco in 1849 from the Cape of Good Hope. He amassed a fortune through real estate transactions; however, in 1855 he lost it while trying unsuccessfully to corner the rice market. In 1859, Norton came out of seclusion and made the following proclamation: "At the preemptory request and desire of a large majority of the Citizens of these United States, I, Joshua Norton, formerly of Algoa Bay, Cape of Good Hope, and now for the vast nine years and ten months of San Francisco, declare and proclaim myself Emperor of these United States, NORTON I." Norton's actions were taken lightheartedly by the citizens of San Francisco, and he was given the full treatment of his self-proclaimed title until his death in 1880. San Francisco No. 17 San Francisco No. 19 31M411111 4111141,144inVOMNI -0- (4,7/erreee,;co /4 - • 4-740—t.-- 47tio , br FIFTY CENTS. Ike ',onward, with otnista, to Ge ennweitiAle into 7 ./Let. eta. 14.0o. m latyalde 6 j the y&ieni, of out. Ytivaio Pate in eaae the *vetnntent of nirmion YAK in)/ Joe) aoi Lob! lom. toditnony tollefrof, tor &win alfix 0944 110.1 and ...itonnate, Minms1=-217.72517 .77"....ta,M71.5 .17 5= NI7Tio tvrATE8. .4411trIUI 6otterti v"v of1F-g *mow 6147 do /diet Ali: /0( et!! 7/ 02/11 (&) I lel 11$ df rat AS(610. wed tidetrol alb let rent. jut annum /on* delnineal and inleteal to le eongonid, at' the t't .ott de 4414, of molatiliy, info AO rats' a /et eon/. 4flona,!,. /arrX/; on pi wrin. Ycierr ant out #ofal n'ann/ and 687d, did 4 7 -47- 44 San Francisco No. 21 PAGE 82 Paper Money WHOLE NO. 27 • tA^Qet ?E fa Re cnoi 31 117T.D 41? at NORTON I gay the holder hereof; i`;',.0 sum. of Fifty Cents in interest, at per cont. per annum. frorn .date. and in.terest to be"conr ,ertibie, at the option, of the zt maturay, into .00 years',4per cent. 25ons2.1, or pay 17 i, n vnie, nd; and seal / clay .1:441(0,, ../ 43i San Francisco No. 22 • ( 1E1 nki n Ili r r 111' fi San Francisco No. 25 JAMES KING OF WILLIAM No. 25. Draft 18 .. engraved. (L) Fancy engraved border. (C) Indian maid beside shield with pole and cap. (R) Large ship scene of two ships at sea. R-5 Imprint: Toppan, Carpenter, Casilear & Co., Phila. & New York, Britten & Rey, San Francisco NOTE: There are several varieties of drafts and certificates of deposits on this banking house. All have the same rarity scale. James King of William opened his banking house on 12-5-1849, making it the sixth banking house in operation in San Francisco at the close of 1849. His name has often been questioned and several stories are told, but the one with the most considered authority is: "James King came from William County, Maryland and added the name 'William' early in his lifetime, as he had the name, James King of William when he came to California." He was one of the most respected men in San Francisco, and after the fall of his banking operations his business was merged with Adams & Co. in 1854. They accepted all his accounts, and he was offered a position in their firm at $1,000 per month. His name and reputation were highly regarded, as his salary indicates. After the failure of Adams & Co. in 1855, he began a newspaper career, and published the Bulletin. He was murdered in 1857. LUCAS, TURNER & Co. No. 26. Draft 185.. engraved. (L) Fancy engraved border. (C) Seated woman with scepter in hand. Bust of Mercury at bottom center. (R) Scroll design across end. R-4 Imprint: Rawdon, Wright, Hatch & Edson, New York NOTE: This banking house issued several varieties of drafts; all have the same rarity scale. Lucas, Turner & Co. opened for business in 1853 and operated until 1857, when it withdrew its banking operations from San Francisco. James H. Lucas operated the St. Louis offices of the firm. After the San Francisco offices closed down, the St. Louis operation continued. This was one of the few operations in San Francisco which closed its doors voluntarily. MINERS BANK No. 27. 1.00 March 1, 1849 engraved. (L) Bust of Zachary Taylor, with fancy "1" at top and bottom corners. "1" on U.S. shield at top left. (C) Spread eagle on U.S. shield, fruit and farm tools surround- ing shield. Barrels at bottom, and ghost "1" on either side. (R) Cherub working at anvil, ONE upper corner on shield, and "I" lower corner. ,.. R-7 No. 28. 2.00 No description ..„ „ " 11..ift-AC1501. alma, ■1 tICi15. Curner kO,o; — • ,.• ; 7/1./4, "Mgr ;21 r., ;,,/(:,,X.,,, ,7," • /. , r, /7 /I f //,:l•abl, , /iViy 4 11, ,/ar / /11-4',3 ti ".. sri i // 9 r- .;1 '11.14 -'1';' ,,, Al 04,"%afIked•r:k. , 4%,,,,, ,,Kv.er ..--,- 4.-isor .. , , ,t,, ,,, t , : ' / / 4 ,,?,,,, ,,,,,,',/ ...,,,/,/,:ir /,', ,/,',, 'ten, ///// / .4 -.71 PO , ,,, ' 4 r / / r 1j, $4." /I .4.7 ,, 4' „.,.i ' •kf :/;.,,l . . f4 ,-/ 44 ' .4.,- c,'-ib,,,r, San Francisco No. 36 11101- , Or, '7777, //e///////,, , ,/ / i1/4 ",/, //°., Jitgc.1.13itio &Q.. ,! itraunoco: UMW 4)3 tittleATE WHOLE NO. 27 Paper Money PAGE 83 No. 29. 3.00 March 1, 1849 engraved. (L) Liberty standing beside shield with cap and pole. "3" in oval at top. (C) Ships in harbor, arm and hammer at bottom. Ghost "3" on either side. (R) Plow and barn in oval, "3" on shield top corner and "3" at lower corner. R-7 No. 30. 5.00 March 1, 1849 engraved. (L) Female with sword and scale, FIVE below. (C) Paddle wheel sailing vessel and two sail boats. 5 to right, steamshipat bottom, "V" on either side. R-7 Imprint: Danford & Huffy, New York and Phila. NOTE: There are notes which have written dates in 18)1 in top left corner. MINERS BANK OF SAVINGS OF ALTA-CALIFORNIA No. 31. 25c 18 ... engraved. (L) TWENTY FIVE CENTS across end, and 25 cents in oval. (C) View of ship. (R) TWENTY FIVE CENTS across end, 25 ceuts in oval. R-7 No. 32. 50c 18 .. engraved. (L) Female with sickle. (C) 50 in oval. (R) FIFTY CENTS across end R-7 No. 33. 75c No description No. 34. 1.00 18 engraved. (L) ONE in oval, female holding oval tray with ONE. (C) "I" in oval. (R) Mill, lake, female with sickle leaning on sheaf of wheat. ONE in rectangle in lower corner. R-7 Imprint: Gavit & Co., Albany NOTE: Notes have payable "IN GOLD DUST." II PAGE, BACON & CO. No. 35. Draft 18 engraved. (L) Engraved border. (C) Woman sitting beside globe with eagle on top. Seal at bottom center. R-4 No. 36. Draft 185.. engraved. (L) View of bank building. (C) Ship scene, with two ships at sea. State seal at bottom center. R-4 Imprint: Toppan, Carpenter, Casilear & Co., New York & Phila. NOTE: There are several varieties of drafts on this firm; all have the same rarity scale. Page, Bacon & Co. opened for business in June, 1850. Daniel D. Page and his son, along with H. D. Bacon and Henry Haight, operated the firm, which also had an office in St. Louis, until 1855. Heavy runs on the bank in 1855 finally caused the collapse of the firm. San Francisco No. 26 REYNOLDS, REIS & CO. No. 37. Draft 186.. engraved. (L) Fancy engraved border, rest of form is printed. R-4 Imprint: Nathan Lane & Co., N.Y. NOTE: Several varieties exist; all have the same rarity. PAGE 84 Paper Money WHOLE NO. 27 — . 7.:*,,erieliti.AWIROS.10801,111,WW //i/ „iiar'f.24W .)C /1"11////7, yfteifte y San Francisco No. 39 /de San Francisco No. 37 SAN FRANCISCO SAVINGS BANK, SANDERS & BRENHAM No. 38. Draft 18.... engraved. (L) Fancy engraved border, rest of form printed. R-5 Imprint: Britten & Rey, San Francisco NOTE: Sanders & Brenham opened their offices in 1851; they were designed as a savings bank, and carried the title of San Francisco Savings Bank in their name. They operated until 1857, when the firm failed. TALLANT & WILDE, BANKERS No. 39. Draft 18.... engraved. (L) Fancy engraved border. Rest of form printed. R-4 Imprint: None Britten & Rey, S.F. NOTE: A number of varieties exist in drafts, and there are also certificates of deposits on this banking house. All have the same rarity scale. In February, 1850, Drury J. Tallant opened a banking house; later that year Judge Wilde joined the firm, and it became the firm of Tallant & Wilde. Upon the death of Wilde the firm became Tallant & Co. and later reorganized as Tallant Banking Co. It was finally absorbed by Crocker- Woodworth National Bank and became Crocker National Bank in 1888. It was the only exclusively financial institution of the 1850's which survived to 1900. TODD & CO. No. 40. Certificate of Deposit. Written dates. Handwritten on plain paper for deposits of gold dust. Charge was 'A percent per month. Embossed seal in upper left corner. R-7 Imprint: None NOTE: Several varieties of written certificates exist. Possibly written and printed drafts exist also; however, none have come to light at this time. WELLS, FARGO & CO. No. 41. Draft 187.. engraved. (L) WELLS, FARGO & CO. across end. (C) Overprint of FIRST. Rest of form is printed. R-3 Imprint: None NOTE: A large variety of drafts, exchange bills, and certificates of deposit exist on this banking house and express office. Most are found with dates in 1860's and 1870's. The drafts dated in 1850's are much scarcer and have a higher rarity scale of R-6. Wells, Fargo & Co. was founded in 1852 and was an express and banking office; it had offices in San Francisco, Sacramento, and other larger cities. In 1866 it was incorporated. SPRINGFIELD BANKING OFFICE OF T. M. WHITESIDE No. 1. Certificate of Deposit 186. engraved. Printed form, blue print on white paper. R-5 Paper 'Volley PAGE 85WHOLE NO. 27 ,4e,,,e w:".< Op, 4-ef /044,0. /72- 410,..4.1- At/43...e, ///1.17■;,,e4e- — "T#'71714,4'12.:7-eye; 1- -Aft..., 7/1 r (7/9.ey ...tee. 1 /,e 4- A „Are -A/we-4 G.- 6.< /es/ — Stockton No. 1 Imprint: Towne 8" Bacon, San Francisco NOTE: Several varieties exist; all have the same rarity scale. Most are found unused. STOCKTON TODD & CO. No. 1. Certificate of Deposit. Written dates. I landwritten on plain paper for deposits of gold dust. Charge was '/2 percent per month. Embossed seal in upper left corner. R-7 Imprint: None NOTE: Several varieties of written certificates exist. Possibly written and printed drafts also exist; however, none are known at this time. UNKNOWN LOCATIONS CALIFORNIA AND SALT LAKE MAIL LINE No. I. 1.00 18 engraved. (L) 1 in upper corner. Woman leaning against sheaf of wheat and holding baby in lower corner. (C) Stagecoach scene, horsemen riding beside coach, wagons and Indians in back- ground. (R) 1 in upper corner, Indian with rifle on shoulder leaning beside tree in lower corner. Blue print. Red ONE overprint. R-7 No. 2. 2.00 No description No. 3. 3.00 No description No. 4. 5.00 18.... engraved. (L) 10 in upper corner. (C) Stagecoach scene, horsemen riding beside coach, wagon and Indians in background. (R) 10 in upper corner. Blue print. Red FIVE overprint R-7 No. 5. 10.00 18 engraved. (L) Group of cherubs, 10 in upper corner. (C) Stagecoach scene, horsemen riding beside coach, wagons and Indians in background. (R) Maiden feeding chickens, 10 in upper corner. Blue print. Red TEN overprint. R-7 No. 6. 20.00 No description No. 7. 50.00 18 .. engraved. (L) Maiden with basket in field, man plowing in background. 50 in upper corner. (C) Stagecoach scene, horsemen riding beside coach, wagons and Indians in background. (R) Indian with rifle on shoulder leaning beside tree. 50 in upper corner. Blue print. Red FIFTY overprint. R-7 No. 8. 100.00 No description Imprint: None NOTE: No point of issue is shown on these notes; however, this mail line firm possibly ran from Salt Lake City to San Francisco or Sacramento. REFERENCE LIST ON UNLISTED BANKS The following list of banking houses is furnished to aid col- lectors who own or have located California material which is not included in this reference list. A number of these firms issued certificates of deposits, exchange drafts, and possibly some paper currency. Not all have come to light, and it is hoped by this additional reference list identification can be made easier. AUBURN Hall & Allen DOWNEYVILLE Ladd, W. H. & Co. MARYSVILLE Decker, Jewett - & Paxton SACRAMENTO Fiske, Thomas S. & Co. Hastings, B. F. & Co. Henley, Reading & Co. Jones & Brown SAN FRANCISCO Bagley & Sinton Bainbridge, Henry Baldwin, B. Beebe, S. & Co. Blair, James Bolton, Barron & Co. Brannah, Samuel (Savings Bank) British Columbia, Bank of Brumagim, Mark & Co. Bull & Banks California, Bank of City Bank Coleman, W. T. & Co. Cross, Hobson & Co. 1849 to '1851 failed 1857 to ? 1850 to 1852 killed 1850 to 1851 withdrew 1849 to ? 1850 to ? 1857 to ? 1857 to ? 1864_ to ? 1850 to PAGE 86 Paper Money WHOLE NO. 27 Delessent, Cordier, & Co. Dodge & Co. Drexel, Sather & Church Dunbar, Edward E. Duncan's Bank French Savings & Loan Society Gansl & Cullen Garrison, Morgan, Fretz & Ralston Goddefroy, Sillen & Co. Grant, Joseph & Arm. Guyol Guy, Abel Hibernia Savings & Loan Society Hentsch, Henry Hickox, George C. & Co. Little, Jno. T. & Pope London & San Francisco Bank, Ltd. Macondray & Co. Manrow, J. P. Marriott & Wheeler (Savings Bank) McNulty & Co. Merchants Exchange Bank Miners Exchange Bank Naglee & Sinton Naglee, N. M. & Co. Pacific Bank Pacific Loan & Security Bank Palmer, Cook & Co. Palmer, J. C. Parker, Robert A. Parrott, John & Co. Perry, John Pioche, Bayerque & Co. Plume, John H. & Co. Read, & Co. Retter, L. E. Rising, Caselli & Co. Roach & Woodworth Robinson, J. R. & Co. (Savings Bank) San Francisco Savings Union Savings Bank Savings Bank of California Savings Bank & Exchange 1850 to 1856 withdrew Savings Union Bank 1857 to 1862 1850 to ? Sime, John & Co. 1853 to ? Simmons, Hutchinson & Co. 1849 to 1850 failed 1849 to 1850 failed Smith, G. Frank Stone, C. P. 1856 to 1857 failed 1860 to ? Tallant, Drury J. 1850 to 1851 failed Tallant & Co. 1855 to 1857 dissolved Timmerman, J. B. & Co. 1854 to ? Wells & Co. 1849 to 1851 failed Woolsey & Co. Exchange Bank 1850 to ? 1852 to ? Wright, A. S. & Co. (Savings Bank) 1853 to 1858 1859 to ? Wright & Co. 1848 to ? failed 1855 to ? dissolved STOCKTON 1850 to ? Robinson, T. & Co. REFERENCES 1849 to ? Articles: 1849 to 1851 withdrew 1853 to 1856 failed Hansen, Harvey L. "Emperor Norton of the United States," The Numismatist, March, 1933 Slopak, Abraham "Wells, Fargo & Co." (1965) 1849 to 1849 dissolved Books: 1849 to 1850 failed Armstrong, Leroy Financial California (1916) McGarry, Sheridan L. Mormon Money, reprinted from The 851 to 1855 855 to ? dissolved Numismatist, 1962Wright, Benjamin C. Banking in California, 1849-1910 (1910) 849 to 1850 failed Newspapers: 855 to ? 852 to 1856 Weekly Pacific News, San Francisco 1-1850 to 3-1850 issues 852 to ? California Star, San Francisco (Yerba Buena) 1-1847 to 1-1848 issues 853 to 1855 failed Pacific News, San Francisco 8-1848 to 12-1849 issues 852 to ? be California Courier, San 852 to 1853 failed Francisco 7-1850 to 12-1850 issues 849 to 1850 withdrew San Francisco Commercial 851 to 1855 failed Advertisor, San Francisco 1-1853 to 12-1853 issues 862 to ? San Francisco Daily Herald, San Francisco 7-1854 to 2-1855 issues San Francisco Bulletin, San Francisco 10-1857 to 11-1857 issues 1968 Standard Catalogue of Canadian Coins, Tokens and Paper Money, 16th edition, by J. E. Charlton, 126 pages, illustrated. $1.50 in U. S. A., $1.95 in Canada. Pub- lished by Whitman Publishing Co., Racine, Wisconsin. This 16th edition of the standard reference work on Canadian and Newfoundland coinage and bank notes was released early in 1968. The format and contents fol- low the previous editions. All the government issued bank notes of the two countries are listed and priced in five conditions ranging from very good through un- circulated. Prices are about the same as in the previous edition. As usual, the hook is bound with a hard blue cover and printed on glossy paper. It is highly recommended to all those interested in the coins, tokens and bank notes of the area. JEROME REMICK 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. 176 HENDRICKSON AVE., ROCKVILLE CENTRE, N. Y. WHCLE NO. 27 Paper Money PAGE 87 What Happens to Your Collections When You Die? By George W. Killian Dear Wife. Heirs or Executor : The following information has been prepared to as- sist you in the handling of my estate and particularly with the disposition of my collections. As you know, I have been a collector for many years. My collections include stamps, coins, currency and various related items. You know that these collections have given me much pleasure over the years. Now, although my heirs are not interested in continuing or preserving the collections, it is my desire that they obtain the maximum benefit from the disposal of the collections. It is very unlikely that anyone other than myself has any idea of the extent or value of my collections. And any figure I might put here could be obsolete by the time these notes are read. However, the value, from a collector's viewpoint, is probably much greater than you might have guessed. The collector's value surely repre- sents several thousands of dollars, and as such my col- lections represent a substantial portion of my estate. The most important advice is that you should not dispose of my collections without expert, trusted counsel. A first step in securing such counsel is probably to contact any collector friends of yours or mine and/or the officers of any local clubs. However, these collections can do strange things to honest people. Do not tempt anyone by leaving him alone with the collections. Before I go into further detail you must know where my collections are kept. The bulk of my collections are in a safe deposit box at the bank. In addition portions of the collections may be in my home safe. The combination to open the home safe will be found in an envelope in the safe deposit box. The safe, or safe deposit box, may include additional or more up-to-date notes relating to my collections. Since the safe deposit box was registered in my name no access to it will be allowed until certain formal mat- ters pertaining to my death and will have been satisfied. Then the box may be opened, but a state tax official and possibly others will have to be present to get an inventory of the contents for tax purposes. You will probably not be allowed to remove the collections until an official ap- praisal has been made. That is, the collections form a part of my estate and an inheritance tax based on the value of the collections on the date of my death will probably be required. It is now important that you recognize two conflicting interests. The inheritance tax will be reduced if the appraisal figure is low. BUT if a subsequent sale is made a capital gains tax may be due if the collection is sold for more than the appraisal value. You, as executor, the attorney and the appraiser should discuss this matter and determine if a high or low appraisal is most desirable. This is not illegal, but of course, the figure must finally be one that the appraiser can attest is reasonable. It is a little like bargaining for a new car. You can get several different prices, all of which are reasonable, and yet very different. The appraiser can set several different values, all of which are reasonable. Now about the appraiser. I believe it will be your duty to hire one. He must have sufficient qualifications so that the state will accept his sworn statement of value. You must pick the appraiser with care. He may very likely be a collector—it is very doubtful that you will find an appraiser of such material who makes a profession of appraising. The appraiser must be an expert, and you must trust him. His fee should either he fixed or based upon time—not tied to the value of the collections. It is quite possible that you will not be able to get a single appraiser to work on the entire collection. That is, you may need separate stamp, coin and currency experts. I can not stress enough that care must be taken to select a competent and honest appraiser. But you should also avoid tempting him by leaving him alone with the col- lections. The appraiser will have to provide a sworn statement of his qualifications and a statement of the value of the collections. In addition he should give you an oral in- dication of the sum for which he believes the collections might be sold. The collections should not be sold to the appraiser without either getting a separate appraisal or receiving competitive bids. Appraisal value and ulti- mate sales price may differ, with the sales price expected to be larger. You may wonder why all this concern over appraisal, value, bids, taxes, sales, protection and honesty. If you added up the face value of my coins you might find it comes to, oh say, $300. But the retail value can easily be $6,000. A single one-cent piece may retail at well over $100. Now don't assume they all do! Another cent, looks newer and better to you, may be worth well under $1. Without expert guidance you might accept a small fraction of the true value for the collections. You should know that price and condition are very closely related. Coins, currency and stamps are graded. In grading vocabulary there is no such term as "poor," "fair" or "worn." The lowest grade is "good." (This is about like toothpaste, which has no "small" size; only an economy size.) The difference in value of a coin, stamp or piece of currency from one grade to the next may change by a factor of two or more. Coins, stamps and currency may be damaged quite easily. Therefore, you are cautioned not to handle the items. Leave them in their respective albums. Expert grading is essential if you are to obtain the maximum amount the collection will bring. Of course, there can be an honest difference of opinion concerning the grade of any individual item. After your hired appraiser tells you what the collec- tions should bring in a sale, you may take the collection to a dealer to sell it. Again you should not leave it with the prospective purchaser, who may be either a dealer (Continued on Page 90.) BROKEN BANK NOTES MAIL BID SALE Lot Number ALABAMA 1 1863 250 State of Ala. red op Unc. 2 1863 500 State of Ala. blue op Unc. 3 1862 5e City of Tuscaloosa on rev. of other notes, F. 4 1855 $20 Central Bank of Ala., Montgomery C-129 F 5 1864 $5 State of Ala. Cr. #15 R-6 VF CONNECTICUT 6 Set of 4 notes, $3, 5, 10, 20 Bank of New England East Haddam N-86, 94, 99, 106 Unc.* 7 Set of 3 notes, $1, 2, 5 Bank of New England East Haddam green op N-65, 75, 96 Unc. * DIST. OF COLUMBIA S 1840 $5 Chesapeake & Ohio Canal Co., Washington, Unc. 9 1852 $3 Columbia Bank C-317 Unc. FLORIDA 10 I S— $3 Bank of West Florida, Appalachicola, W-113 VG 11 1860 $3 Tallahassee R. R. Co. green op T-103 Unc.* GEORGIA 12 1874 $2 Atlantic & Gulf RR Co., Savannah VG 13 1856 $100 Merchants & Planters, Savannah, br op F. 14 1842 $5 Exchange Bank, Brunswick F 15 1854 $10 Union Bank, Augusta, brn op. U-511 F 16 1860 $1 Bank of St. of Ga., Augusta branch, red rev. VG 17 1858 $1 Bank of Greensborough G-375 Unc. 18 1856 $5 Southern Bank of Ga., Bainbridge S-457 G INDIANA 19 1819 $2 Office of the Steam Mill, Vincennes Wabash on right end, sidewheeler center RARE! VF 20 1859 $10 Northern Indiana R.R. Bank, Logansport N- 311 F 21 1856 $2 American Bank, Dover Hill, red rev. Scarce Unc 22 1854 $3 Savings Bank of Indiana, Connersville, blue rev silver dollars on obv and rev Scarce VG-F 23 1862 $2 St. of Indiana, New Harmony branch G 24 1853 $1 Indiana Bank, Madison Very Scarce G 25 1858 $2 State Bank, Mt. Vernon VF 26 1854 $5 Shawnee Bank, Attica Scarce VF 27 1856 $2 The Thames Bank, Laurel silver dollar and Mexican 8R on obv. Very Scarce F 28 1858 Indiana Coal Bank, Pike County, Petersburg orange one dollar target rev by Ormsby XF 29 1862 $5 Bank on Salem silver dollars on obv VF 30 1858 $10 Farmers & Drovers Bank, Petersburg F-49 XF 31 18— $3 Exchange Banking Rouse, Indianapolis Unc. * ILLINOIS 32 1852 $1 Bank of Chicago, no op Scarce AU 33 18— $3 Dixon Hitel Co., Dixons Ferry Scarce Unc. * 34 1839 $2 Bank of Cairo at Kaskaskia, part of right end missing but still a Very Scarce note, Good overall. 35 1840 $1 Bank of Cairo at Kaskaskia Scarce Good 36 1839 $10 Bank of Cairo at Kaskaskia, VERY RARE note, only 5 known, on white rag paper, steamboat UL, Unc. 37 1841 $5 State Bank of Illinois, Lockport S-436 VF 38 1839 $10 Branch State Bank at Chicago B-170 Unc. 39 1839 $100 Branch State Bank at Chicago B-202 RARE! VF IOWA 40 1858 $3 Dubuque Central Improvement Co., red op Unc. 41 1858 $1 Dubuque Central Improvement Co., red op Unc. 42 185– $1 Banking House of Baldwin & Dodge, Council Bluffs, red overlay B-71 Tine.* KENTUCKY 43 1819 $1 Farming & Commercial Bank of Carlisle, pink, Unc. 44 1857 $2 Farmers Bank of Kentucky, Covington XF Lot Number LOUISIANA 45 1861 $1 Cook & Brother, New Orleans, blue op, C-860 G 46 1860 $10 Bank of Louisiana, New Orleans L-554 VG-F 47 1862 $5 Louisiana State Bank, New Orleans L-712 VG 48 1862 $1 Parish of Concordia, Vidalia, green F 49 1862 500 Parish of Catahoula, Harrisonburg VG 50 1862 $20 same as above, corner missing Scarce G 51 1862 250 Parish of Iberville, Plaquemind P-580 F 52 18— $500 Canal Bank, New Orleans N-351 Unc. * 53 18— $1000 Canal Bank N-375 Unc. * 54 186– $10 Citizens Bank of Louisiana, New Orleans famous DIX note red & black C-120 Unc. * 55 18— $20 Citizens Bank, bilingual note not in Criswell, green op, red rev. Scarce Unc. * 56 18— $1000 Citizens Bank of Louisiana, bi-lingual, not in Criswell, red rev. RARE tine * MIAINE 57 1852 $10 Bank of Hallowell VG 58 1835 $5 Washington County Bank, Calais W-126 XF MARYLAND 59 1840 $5 Chesapeake & Ohio Canal Co., Frederick Unc. 60 1833 $10 Susquehanna Bridge & Bank Co., Baltimore F 61 1861 $2 Allegany County Bank, Cumberland A-614 Unc. 62 1846 $5 Havre-de-Grace Bank H-209 VG 63 1842 $2 Bank of Baltimore B-121 AU MASSACHUSETTS 64 1837 $5 Westfield Bank red op VG 65 1862 50 scrip Kimball Robinson & Co., Boston F 66 1862 50 Westfield Bank, Southwick F 67 Set of 3 notes, 50, 100, 250 Provincetown Bank, Ship Chandlery, David Conwell blue rev. 1862 Unc. * 68 1837 $10 Lafayette Bank, Boston F. MICHIGAN 69 1835 $5 Bank of Washtenaw W-178 Unc. 70 1838 $5 Farmers Bank of Sandstone, Barry F-114 VG 71 18— $5 Merchants & Mechanics Bank, Monroe M-205 Unc 72 1838 $10 Bank of Chippeway, Sault De St. Marys AU 73 1842 $3 Adrian Insurance Co., red op A-48 Unc. 74 1858 $2 Bank of Macomb County, Mt. Clemens M-38 AU 75 1863 If redeemable at L. W. Wallace & Co., Detroit and Miller, Davis & Webster, Ann Arbor, RARE! not in Bowen. similar to U.S. fractional currency AU MINNESOTA 76 185— $1 Dayton Bank, St. Paul red op Scarce, Unc. * MISSISSIPPI 77 1838 $50 Miss. & Alabama RR Co., repaired M-363 G 78 18— $5 Northern Bank of Miss., Holley Springs F* 79 1839 $5 Bank of Miss. Madison County, Madisonville, VF 80 1839 $1 City of Natchez C-410 VG NEBRASKA 81 1857 $5 City of Omaha, Neb. Territory C-131 AU 82 18— $1 Omaha City Bank & Land Co., red op Scarce, Unc * 83 1863 $1 Bank of De Soto, green op D-121 Unc. 84 18— $3 Bank of Florence, red op F-609 Unc. * 85 1857 $1 Western Exchange Fire & Marine Insurance Co. Omaha City—deposited by Bishop Hill Colony Ill. red op W-201 Scarce Unc. * 86 1857 $2 as above W-206 !inc.* 87 1857 $3 as above W-211 Unc. * S8 1857 $5 as above not listed in Criswell Une. * NEW HAMPSHIRE 89 1809 500 Cheshire Bank, Keene Scarce F 10 1864 30 T. G. Sylvester, Concord red & blue VF NEW JERSEY Lot Number 91 1856 $1 Commercial Bank. Perth Amboy C-601 VG 92 1841 $3 Morris Canal & Banking Co., Jersey City Unc. 93 1856 $1 City Bank of Perth Amboy green op VG 94 18— $3 State Bank at New-Brunswick, green op not the common variety listed in Criswell Unc. * 95 1849 $3 State Bank at Morris, Morristown G 96 18— $100 State Bank at New Brunswick, blue op red rev. Scarce Unc.* 97 18— $500 State Bank at New Brunswick, blue op red rev. Very Scarce Unc. * NEW YORK 98 1862 $5 West Winfield Bank red op W-340 G 99 1818 $1 Washington and Warren Bank, Sandy Hill G 100 1862 500 Larkin & Talbot, Sloansville, Scarce Unc.* 101 1862 50 Mechanics Bank, Syracuse lazy "5" red op on Cardboard, VERY SCARCE! VF 102 1838 $20 New-York Loan Co., NYC Unc. 103 1859 $5 Union Bank of Troy, F. 104 no date 50 The Mustang Bank, NYC advertising note good for one bottle of Mexican Mustang Liniment, secured by public confidence. Interesting & Scarce, VF NORTH CAROLINA 105 1862 250 Greensboro Mutual Life Insurance & Trust Co., red op G-558 G-VG 106 1852 $20 Bank of Washington W263 no op VG 107 1857 $3 Commercial Bank of Wilmington red op, G-VG OHIO 108 18— $3 Franklin Silk Co. F-693 Unc. * 109 1814 $1 Jefferson Bank of New Salem J-126 F 110 1840 $3 Cincinnati & Whitewater Canal Co. C-309 F 111 1835 $5 Bank of Chillicothe VG 112 1862 Set of 4 notes, 50, 100, 250, 500 Summit County Bank, Cuyahoga Falls S-880, 883, 886, 889 Unc. 113 1858 $2 State Bank of Ohio, Summit County Branch, Cuyahoga Falls, red rev. S-560 VG-F PENNSYLVANIA 114 1826 check on Schuylkill Bank in Philadelphia Unc. 115 1864 Cooper Shop Volunteer Refreshment Saloon, Phila- delphia, red, white & blue check Unc. 116 1856 50 The Store at Alleghany Furnace, brown Unc. 117 1863 500 State Capital Bank of Harrisburg, at Millers- burg, red type on obv. green rev. VF RHODE ISLAND 11S 11— $100 New England Commercial Bank, New Port Unc. * 119 1855 $1 Rhode Island Central Bank, East Greenwich red op 11-462 F 120 1855 $3 Farmers Bank, Wickford red op F-188 tear VG 121 1855 $5 Bank of the Republic, Providence R-228 VF SOUTH CAROLINA Lot Number 122 1855 $5 Planters & Mechanics Bank, Charleston P-505 VG 123 1858 $5 Bank of Camden. pink network VF 124 1850 $10 Commercial Bank of Columbia C-706 F 125 1855 $10 Bank of Chester, red op C-508 VG 126 1853 $10 Farmers & Exchange Bank, Charleston F-83 F TENNESSEE 127 1856 $5 Exchange Bank, Murfreesboro E-730 VF 128 1855 $1 Central Bank, Nashville C-78 F 129 1859 $1 Ocoee Bank, red op 0-51 Unc. 130 1863 $3 Bank of Chattanooga C-270 VF 131 1855 $10 Bank of East Tennessee, Knoxville E-114 Unc. VERMONT 132 18— $1 West River Bank, Jamaica red op W-51 Silver Dollar on obv. Unc. * 133 18— $2 Same as above W-53 Unc. * 134 18— $3 Same as above W-55 Unc. * 135 18— $5 Same as above W-57 Unc. * 136 18— $10 West River Bank, Jamaica no op Scarce not listed in Criswell Unc. 137 1837 $3 Bank of St. Albans, famous bank that was robbed by Confederate raiders at the point furthest North they reached! VG VIRGINIA 138 1861 $5 Bank of Philippi, green op VG 139 1862 $1 County of Lunenburg C-5002 F 140 1862 600 City of Richmond C-1333 VG 141 1861 $1 Bank of Pittsylvania, Chatham P-382 VG 142 1856 $50 Exchange Bank, Norfolk, Abingdon branch E-689 Very Scarce note, red rev. F WISCONSIN 143 18— Bank of Wisconsin, Green Bay Very Scarce! nice vignettes W-455 $5 Unc. * 144 1859 $3 The Summit Bank, Oconomowoc red op Scarce S-583 Unc. * 145 1840 $5 Mineral Point Bank, 1st seat of government in Wisc. Territory M-230 Scarce! plain rev. F 146 1839 $10 as above M-233 Scarce plain rev. F 147 1838 $20 as above M-236 but with plain rev. F 148 1856 $5 The Chippewa Bank, Pepin Rare! VG-F 149 1891 50 John R. Davis Lumber Co., Phillips green tinted paper with orange op on obv., lumber mill scene on rev. in green Very Scarce! F 150 1823 $50 BANK OF THE UNITED STATES, Philadelphia dated June 1, 1823 and signed by Nicholas Biddle, Pres. of the bank; vignettes of Washington and Franklin, eagle on shield in center; reinforced around edges. This note is of EXTREME RARITY! VG BROKEN BANK NOTE MAIL BID SALE Closing Date: October 15, 1968 TERMS OF SALE 1. All notes are sold to the highest bidder slightly above second highest bid. 2. All notes are sold on a strictly cash basis, payable in U. S. funds upon receipt of invoice. Persons unknown to us must include a deposit of 25% of their bids, which will be returned if bids are unsuccessful; OR furnish your SPMC membership number with bids. 3. Any lots erroneously described may be returned within 3 days of receipt with written permission of the cataloger. 4. All notes are guaranteed. 5. Lots delivered in Illinois are subject to the Illinois Sales Tax of 5%. 6. Star indicates note is unsigned and undated. NOTE: Mention SPMC Mail Bid Sale when bidding! KNOWLEDGE PROFESSIONk NUMISMATISTS 11 11.13 • INC. RARE COIN COMPANY OF AMERICA 31 NORTH CLARK STREET CHICAGO, ILLINOIS 60602 RESPONSIBILITY ALL PHONES: 312-346-3443 Paper Money WHOLE NO. 27PAGE 90 What Happens to Your Collections? (Continued from Page 87.) or a collector, for him to consider. Make an appoint- ment for him to examine it. If he is unwilling to do this, he may be trying to cheat you and even switch items. Talk to the appraiser for advice. Do not be concerned about any unfavorable or adverse comments the purchaser may make concerning any spe- cific items. Concern yourself only with his total offer. Do not sell part of the collection without the advice of the appraiser. Of course, certain parts may break up quite naturally. The most obvious is the separation between stamps, coins and currency. But within the coins you may find that one dealer is interested in only, say, the Lincoln cents, while another wants only the silver dollars. Such a division (with the advice and consent of the appraiser) is quite acceptable. But do not get down to selling individual coins, stamps or pieces of currency from a group if it can be helped. You may have heard of some collectors who left their collections in such a manner as to conceal them from their estate in order to avoid taxes. I have deliberately chosen not to attempt to save my heirs the taxes, not alone because such action is illegal, but also in the sin- cere belief that if you will follow these general instruc- tions the net result will be that you, as my heirs, will realize many hundreds or even a few thousands of dollars more when the collections are sold. More specifically, to deal and negotiate with a reputable dealer will be much easier with the collection as a formal part of an estate. That is, reputable dealers will pay an honest price, but they must be very careful about buying stolen property and may refuse to do business with an agent who wants to sell for cash and/or who cannot show legal title to the col- lections. Secret collections that are handled outside the estate must often be sold to the less scrupulous dealer who may take full advantage of the situation and pay a lesser price. Accordingly, I urge you not to attempt to save the few tax dollars as it would probably result in being "penny wise and pound foolish." There is an alternate method of selling a collection and accumulation such as mine and that is to have it made part of an auction. Many of the finest and largest col- lections have been sold through an auction house. Briefly, it is done in the following manner : The auction house takes the collection, catalogs it, and publishes a catalog which is distributed to hundreds or thousands of col- lectors. The catalog usually includes material from several collections. Collectors who receive the catalog mail in "bids" on the items of interest to them. On a fixed date the bidding is closed and the auction house sells each lot to the highest bidder. The auction house charges a fixed percentage for its work and service. If the auction house technique is used, it is important to select a house which distributes many catalogs. The advice and counsel of the appraiser and /or a trusted friend in selecting an appropriate auction house will be important. I am sure that as my executor and with the advice of counsel assisting you in the disposition of my estate you will be keeping records of all estate matters. Of course, this should include a record of all matters and costs con- cerning the appraisal, taxing and disposition of the collections. Finally, a few personal comments. These papers are not a part of my formal will, a copy of which is in either my safe deposit box or my home safe and the original of which is on file in the office of the attorney who drew my will at my direction. His name is: Esq. Although he drew the will and has possession of the original, there is no obligation on you to employ him as your attorney in settling my estate. I hope that conditions and circum- stances will not have made my will obsolete and that there will be no difficulty in distributing my estate in the manner I have directed in the will. I found much pleasure in forming my collections. A pleasure that non-collectors think borders on insanity or at least mental instability. It is my conviction that the hobby taught many virtues, certainly including thrift, neatness and education. While I would recommend the hobby to all. I would caution that it must not be an end unto itself. Each collector should live a fully balanced life and must not deprive his family members of his fellowship in favor of devotion to his hobby or any other cause. Indeed, if this, or any other hobby or interest. causes a man to fail in his duty to give proper leadership and instruction to his family he has been a failure as a man. I pray that my heirs will not feel that I have erred in this respect. I collected for the joy I found in the hobby, not to try to leave a valuable inheritance, but if the collections bring a substantial return I hope that with the portions allocated to my various heirs they will be able to find some particular lasting pleasure. Perhaps it will help with a dream home, or provide memories of an exotic vacation or help further their education. But above all it is my earnest and sincere prayer that some- how, in some way, each heir will use the funds not only to find lasting pleasure but to make themselves better people and more responsible citizens in this choice land. NEW It OOK The Society of Paper Money Collectors is pleased to announce the publication of "Florida Obsolete Notes and Scrip" by HARLEY L. FREEMAN. This is a hard covered book of 103 large pages, profusely illustrated. PRICE TO SPMC MEMBERS $4.00 OTHERS $4.75 POSTPAID Send remittances payable to the Society to: J. ROY PENNELL, JR. BOX 3005, ANDERSON, SOUTH CAROLINA 29621 ///e Zi (.1 Arlscr 0 . .c..; ,:r.rf pr it - /, , /,,, /, —ate- „, /,'/&144;./i,,/ . I iorra rile/twigs( w //A. 4;.; 'IZ4 • eY .ed,„4 44. WHOLE NO. 27 Paper Money PAGE 91 Samuel Slater and The Manufacturers Bank By Maurice M. Gould The oldest bank in New England, as well as the second oldest in the United States, was chartered in 1791 and opened its doors for business on October 10 of the same year. This bank was fittingly named "The Manufacturers Bank" since it was founded by Samuel Slater, one of the pioneer manufacturers and founder of Slater's Mill in Pawtucket, Rhode Island. Slater's Mill was the oldest industrial center in this country; it was unusual that the cotton manufacturing business and the bank were founded at approximately the same time. It was only in December of 1790 that the Mill started to produce cotton yarn, and less than a year later the bank was founded. This period was one of currency depreciation and Moses Brown. who was a financial backer of Samuel Slater, felt that something should be done in the Rhode Island area to stabilize and hold the line with a sound circulating medium of exchange. He became quite interested in banking and spent a great deal of time dis- pensing ideas and suggestions for the new bank. His brother, John Brown, who was famous in pre-Revolu- tionary days for the burning of the British revenue ship Gaspee, became the bank's first president. It was natural that there would be a great deal of con- cern about poor financial conditions, as Slater was in the process of building his manufacturing business and there was no bank in Pawtucket to handle his company's needs. Such things as the inability to cash promissory notes, which were commonly used during this period, and the difficulties of a dual monetary system in which values were computed by the decimals in dollars and cents and by the English pounds, shillings and pence made it im- perative to set up a stable banking institution. The bank was incorporated in 1813 with Samuel Slater as one of the 13 members of the board of directors. Slater served as president of the bank in 1830. Un- fortunately, he was in poor health aggravated by the pressures of financial troubles in Rhode Island. He did not attend board meetings regularly at which there was a conflict about the future location of the bank. Slater would have liked to have kept the bank in Paw- tucket, but during the textile panic of 1829, having en- dorsed notes in the tremendous sum of $3,000 (for that day), he found the strain too much and he died within a few years. Because of his financial troubles, he was not in a position to dictate the policies in the manner he had in the past, and eventually the bank moved to Providence, Rhode Island. Slater was also involved in another bank, which traced its history as far back as 1828. At that time Slater and a group of business men obtained a charter, which be- cause of the depression, could not be fulfilled. In 1836, after Slater's death, the Pawtucket Institution for Savings rechartered. This bank always has looked upon Slater as the leader who paved the way for its inception. Slater's name was perpetuated by the Slater Bank founded in 1855, although this was 20 years after the death of this famous American industrialist. Originally the people had extreme faith in the textile manufacturers and their enterprises and offered money for investment without even being asked for it, but specu- lation became so bad that the creditors in the small farming towns experienced a change from a feeling of confidence to one of distrust. During this period the banks served as a stabilizing force and immediately rose in stature; their growth was rapid. The old Slater Mill is now a museum which is open to the public. It is well worth a visit. I noticed that one of the bank notes of the Manufacturers Bank is on dis- play, along with the original tools and machines of the early period. The notes are signed by Samuel Slater as president and depict a workman at the looms. These notes are of great historical significance, being associated with the first American-spawned textile in- dustry in the United States. From these small beginnings grew the famed textile industries of New England which brought prosperity to both this area and the country, an era of booming population and vast soaring heights of industry. (Continued on Page 92.) toopatitrielf ----.... ____ •Irlit..114 tf.,:to 4 :WAY :4 s, g:+4,4:;M.Ijil 44:Cry ..4 ' ...., )„,_.„ ........,,,,L.,, alajatizEtwunitteitsjauwrat_ f 401tAitta0-P>' 4/ "27rh/4,, d 1,444r4 Wt25:421M44g ':= 1))011-:),0'10,4■.4)Cwmte.:Vt\ 14■1141trallAff$44:txwet PAGE 92 Paper Money WHOLE NO. 27 Dakota Territory By M. Perlmutter The Black Hills, mainly in South Dakota, and extend- ing partly into southeastern Wyoming, were within The Great Sioux Reservation outlined by Government Treaty. Under the provisions of the Fort Laramie Treaty of 1868, the Government had promised perpetual possession of the Dakota Black Hills to the Sioux. However, after gold was discovered in the Hills in 1874, the land was opened to settlement despite Indian objections. The Government had unilaterally abrogated the Treaty, and the ensuing horde of prospectors soon covered the land. Embittered by broken promises and the ravishment of their territory, the Sioux staged an uprising, the most prominent feature of which was the destruction of General Custer's force at the battle of the Little Big Horn, on June 25, 1876. Following further forced relinquishment of additional territory, gold was discovered in Deadwood Gulch, and a rush to these deposits resulted in the town of Deadwood achieving fame as the most exciting and picturesque gold encampment in North America. Netherlands Issues Postal Check Stamp An unusual design symbolizing automated financial transactions is featured on a stamp released Jan. 16, 1968 by the Netherlands. The occasion for the com- memoration was the golden jubilee of the country's Postal Check and Clearing Service, which has nearly one and a half million holders throughout Holland. Circles and rectangles of the kind commonly seen nowadays on machine-sorted checks and money orders appear on the 20c stamp; in addition, there are curved and circular lines similar to those that form the back- ground on the paper money of most countries. The Postal Check and Clearing Service was established by an act which became effective Jan. 16, 1918. At first, local post offices held the accounts, but in 1923 ad- ministration was centralized at The Hague. Following The first convention of the territorial legislature took place on March 17, 1862, at Yankton (now in South Dakota) which was the capital until 1883, when it was moved to Bismarck, now the capital of North Dakota. Dakota Territory became the states of North and South Dakota on November 2, 1889. This surviving First Charter $5 National Bank Note bears mute, but colorful, testimony to the era which contributed so richly to the early decades of America's second century. REFERENCES The American Heritage Pictorial Atlas of United States History, American Heritage Publishing Co., 1966. Distributed by McGraw-Hill Book Company. Concise Dictionary of American History, Charles Scribner's Sons, 1962. World War II, the Service grew considerably, and a second administrative center was set up in 1956 at Arn- heim. Preparations began then for automation, and by 1965 the Service was fully automated. Samuel Slater and The Manufacturers Bank (Continued from Page 91.) There is still a Slater Trust Office of the Industrial National Bank of Providence, Rhode Island in that city which was so named upon the consolidation of the Provi- dence Union National Bank and the Industrial Trust Co. of Providence on February 1, 1954. WHOLE NO. 27 Paper Money PAGE 93 Assistant Treasurer of the -United States $10 Silver Certificate lizItutssarita, .timiwarb 1878 $20 countersigned in pen silver certificate. Payable at Now York, hence reads "Assistant Treasurer." Small red, seal, rays and red "TWENTY" below. There is an error in the seal, as the key points to the right.. Other countersigned notes pay- able at Washington read "Treasurer of the U.S." 1880 $20 countersigned (printed) silver certificate. Payable at New York, hence reads "Assistant Treasurer." Large brown plain seal and brown "XX" below. Key in seal has been corrected and now points to the left. (This basic design was used later for the two-signature 1880 notes, FR. 309-311.) FR. 312 carries the small red seal and the "XX" has been removed. The original article on this subject which appeared in PAPER MONEY No. 22, Page 46, was supplemented by more information in No. 24, Page 116. Now Mr. M. Perlmutter adds the following facts and photographs: With reference to the next-to-last paragraph on Page 116, although the points regarding the differences are basically correct, there is one additional fact, i.e., there are two types of countersigned notes. The series 1878 three-signature note carries the small red seal with rays and the denomination spelled out in large red let- ters below, as stated. The Series 1880 three-signature note carries the larger brown seal, with the denomination in Roman numerals. (This latter distinction also is ap- plicable to the 1880 two-signature note.) In all the countersigned categories. the notes drawn on other than Washington read "Assistant Treasurer," while those on Washington read "Treasurer." Please note also that on the 1880 countersigned certificate, the key in the seal is once again pointing to the left, therefore the last sentence in the above-cited paragraph is erroneous. •a)trartl ;i ird I 41 t k ///, ,.,/, Sti 141 triSwirl ;IC/Won-II it-till• 1 Paper Money WHOLE NO. 27PAGE 94 More About Onepapa Mr. William Philpott has added the following informa- tion to that contained in George Traylor's article on the Indian chief in PAPER MONEY No. 24. "Bob Friedberg left out a syllable. The word is One- a-Papa, as we oldsters learned from George Blake, D. C. Wismer, John Zug, Charley Markus, et al. According to Engraver Smillie, who engraved the vignette on this note, it was never meant to portray any particular Indian chief. Smillie's preliminary sketches were made of ten or a dozen Indian leaders, not exclusively Sioux, but representing other tribes, gathered in Washington dur- ing the late 1890s, attending a pow-wow. "In assigning parts of a projected design to different engravers, as was the custom in the Bureau of Engraving and Printing, supervisors gave Smillie the obverse vig- nette to produce. Each engraver was permitted to 'carry home' two intaglio proofs of his own work. Upon the death of Smillie many years ago, his widow sold me one of the two proofs of the One-a-Papa vignette. For many years this proof, appropriately framed, and documented on the reverse by Smillie, hung on my office wall. This has always been one of my favorites." Girard National Bank By Frank F. Sprinkle Eric Newman Honored Again SPMC member Eric Newman has joined the list of other Society members who have been honored with the Nathan Gold Memorial Award. The Award, made an- nually since 1961 by Numismatic News, for scientific study of U. S. paper money, was presented to Mr. New- man for his monumental work on The Early Paper Money of America. Mr. Newman has been a numismatist for nearly half a century and has contributed many valuable studies to the numismatic press. He now joins the other recipi- ents of the Gold Award: Fred Marckhoff, James Kirk- wood, Arlie Slabaugh, Matt Rothert, Grover Criswell, Wm. P. Donlon and Neil Shafer. New Edition of Friedberg's Catalog The sixth edition of Paper Money of the United States, a standard reference work on American currency by the late Robert Friedberg, with additions and revisions by Jack Friedberg, is now available from dealers or the publisher, Coin & Currency Institute, 393 Seventh Ave., New York, N. Y. 10001, for $14. This large format, 328-page, completely illustrated catalog values all types and sizes of U. S. paper money from the first year of issue, 1861, to the present. Of particular interest is the section listing by state every National Bank Note, more than 2,200 valuations with a geographical and numerical list of all 14,348 National Banks. Price increases are especially evident in the large size notes and the gap between "Very Fine" and "New" con- dition, reflecting the demand for notes in the latter condition. The fractional currency section has been en- larged to include listings of all known proof and speci- men notes. And the introductory text provides a history of U. S. paper money and a guide to collecting it. In Memoriam Finding an uncut sheet of five checks of the Girard National Bank dated 187- prompted the following notes on the history of this bank: Stephen Girard was born in France in 1750. He decided to settle in Philadelphia around 1769 and be- came a merchant. Before long he was known through- out the world. In 1812 he purchased control of the Bank of the United States and renamed it the Bank of Stephen Girard. His business was a continuous success from the start to the finish. When he died in 1831, he left a huge fortune. Among his bequests was more than five million dollars for the founding of Girard College in Phil- adelphia. The College was officially opened in 1848. Jesse M. Taylor SPMC lost an avid and enthusiastic member in the death of J. M. Taylor on April 8, 1968, at Buffalo, New York. Mr. Taylor was born in Carbondale, Pa. and had lived in Buffalo most of his life. He was a past president of the Buffalo Numismatic Association, and past chairman of its Executive Board. Mr. Taylor carried on a considerable correspondence on paper money with collectors. He was familiar with large size U. S. currency and block number collecting. Besides currency, he had a presentable set of U. S. pat- tern coins, Canadian decimal sets, British type coins and some ancient and Oriental pieces. WHOLE NO. 27 Paper Money PAGE 95 SECRETARY'S REPORT New Membership Roster Dealer or No. New Members Collector 23 7 1 Joseph A. Clarke, 22 Darwin Ave., Takoma Park, Md. C 20012 2322 Forrest W. Tippen, 2213 Brookhollow Dr., Abilene, C Texas 79605 2323 Emery P. Stratton, 90-C Charles River Rd., Waltham, C, D Mass. 02154 2324 Ronald G. Nobbs, Rt. 2, Box 153, Vienna, Ohio 44473 C 2325 Clarence C. Wagman, 8345 - 5th St., Highland, Ind. C 46322 2326 John P. Frank, Foster Place, Sea Cliff, N. Y. 11579 C 2327 Edward J. Gluesing, U. S. Soldier's Home, Washington, C D. C. 20315 2328 G. K. Morehead, Rt. 1, Box 90, Moseley, Va. 23120 C 2329 W. Cecil Dunbar, Jr., 4756 Biltmore Dr., N.W., Roanoke, C Va. 24017 2330 Richard D. Dolloff, 116 State St., Portsmouth, N. H. D 03801 2331 William C. Johnson, 325 Sterling Dr., Montgomery, Ala. D 36109 2332 Edwin 0. Schlesinger, 1630 Arabella St., New Orleans, C La. 70115 2333 Dr. Richard E. Riehl, Box 688, Portsmouth, Ohio 45662 C, D 2334 Phillip B. Covnot, 1001 S. 23rd Ave., Bellwood, III. 60104 C, D 2335 Walter C. Fritzsche, P. 0. Box 458, Tujunga, Calif. 91042 C, D 2336 Henry R. Mertz, 3700 Los Olivos Lane, La Crescenta, C Calif. 91214 2337 Lt. Col. Charles N. Rainey, 816 W. 4th St., Guymon, C Okla. 73942 2338 Raymond F. Sickler, 1272 Overlook Dr., Barberton, Ohio C 44203 2339 William W. Reynolds, 947 Myrtle Ave., Albany, N. Y. C 12208 2340 Raphael Ellenbogen, 305 Ocean Parkway, Brooklyn, C N. Y. 11218 /I:11 Arthur G. Reeves, 442 Lexington Road, Grosse Pointe C Farms, Mich. 48236 2342 Robert E. Bartlett, 3900 N. Shadeland, Apt. 239, In- C 2343 Thomas H. Schott, 24 Merrill Ave., Lynn, Mass. 01902 dianapolis, Ind. 46226 C C2344 E. T. Strobridge, Jr., 923 No. Christina, Santa Maria, Calif. 93454 C, D2345 Frank W. Campbell, 2312 East Pine, Enid, Okla. 73701 2346 Detroit Public Library, Business & Finance, Per., 5201 Woodward Ave., Detroit, Mich. 48202 C2347 David W. Wright, 141 Eastwood Dr., Greenville, Ohio 45331 C, D2348 Joseph M. Homitch, P. 0. Box 1533, Seattle, Wash. 98103 C2349 George M. Forrester, P. 0. Box 394, La Grange, Ga. 30240 D2350 Harry E. Jones, 15394 Fayette Blvd., Brook Park, Ohio 44142 2351 Ernest H. Wyche, 200 Woodside Dr., Newark, N. J. 14513 C 2352 Phil Lampkin, P. 0. Box 1237, Washington, D. C. 20013 D C, D2353 A. M. Riegelman, 3603 W. Roanoke Dr., Kansas City, Mo. 64111 C2354 Cy Horwitz, Box 26, Tannersville, N. Y. 12485 2355 John B. Breen, 201 E. 25th St., New York, N. Y. 10010 C, D 2356 SP 7 Don C. Marcin, RA 13 524 318, Co. A, USASA C Field Station, APO New York 09066 2357 Jerome T. Nimick, 102 Willett St., Albany, N. Y. 12210 C 2358 James P. Boykin, Route 2, Box 219, Garland, N. C. 28441 C 2359 Leslie H. Plunkett, P. 0. Box 672, Beloit, Wis. 53511 C 2360 Stephens G. Croom, P. 0. Box 46, Mobile, Ala. 36601 C Specialty National hank notes Broken bank notes, military scrip Block letters, pairs and type Small size notes U. S. large size notes U. S. small size notes Virginia county and city notes U. S. Maine, New Hampshire & Vermont notes U. S. large size currency Louisiana parish notes, New Orleans notes Silver certificates, national currency small size Large and small size notes Types and odd numbers Type notes Israel, Falkland Islands, U. S. Federal Reserve bank notes U. S. fractional currency and broken hank notes of New York U. S. Michigan broken bank notes U. S. small size notes $1, $2 U. S. small size notes and fractional currency U. S. small size notes Type notes Foreign paper money—all North and South American countries General Currency errors Broken bank notes, silver certificates, Federal Reserve notes U. S. currency U. S. currency Paper money showing same vignettes as on the U. S. series of stamps of 1869 U. S. and Canada, broken bank notes All large size notes, small size gold and silver certificates New York and Vermont obsolete currency 81 silver certificates Confederate, bank notes, silver certificates Alabama broken bank notes, Confederate 1651 Jesse M. Taylor 1037 Paul D. Wedge Deceased 2308 Capt. James J. McKinstry, Jr. No Deposit MAIL BID No. 4 Closes Nov. 4, 1968 Lot NumberSILVER CERTIFICATES $1.00 Lot Number 87 D-J VF/XF 1A 1928 D-A VG-F 88 E-J GF/AU 1957 1 Note Unc.1B F-A VG 90 5 Notes Unc. 2 1928A I-A Good 91 Star A Unc. 3A M-A VF 92 B Unc.3B N-A VG 93 C Unc. 4 T-A Good 94 Star D Filler 5 U-A Nice Filler 95 A-A XF 6 A-B Good 96 B-A Une. 7 C-B Scarce Good 97 C-A Tine. 8 1928B A-B Good 98 D-A Crease Unc. 9 Withdrawn 99 F-A Unc. 10 H-B VG/F 100 G-A Creased Unc. 11 I-B Good 12 G-B VG 102 I 101 H-A -A Good Unc. 13 1934 B-A Wrinkled Good 103 J-A Unc. 14 C-A VG/F 104 K-A Unc. 15 1935 D-A Faint Folds Unc. 105 L-A tine. 16 L-A Scarce VG/F 106 M-A Unc. 17 M-A Good 18 1935A T-A VG 107 N-A Unc. Q-A Unc. 19 B-C AU 109 Q-A Unc. 20 M-C XF 110 R-A AU 21 C-D AU 111 T-A Unc. 22 1935B E-D Unc. 112 U-A Tine. 23 1935C Star B Scarce F/VF 113 V-A Unc. 24 M-D AU 114 W-A Unc. 25 R-E F/VF 115 X-A Unc. 26 S-E G/VG 27 U 60133948E (Rare) VG 116 Y-A Unc. 117 Z-A Unc. 28 1935 Wide (Under 5015) T-E Scarce Good 118 Withdrawn 29 U-E Scarce VG/Fine 119 B-B AU 30 V-E VG 120 N 31 T-F AU 121 1957A 1 Note line. 32 L-F Unc. 122 Star A *Uric. 33 S-F AU 34 A-G Scarce VG/F 123 B-A Une. 124 F-A Unc. 35 B-G VF 36 F-G Filler 125 126 J-A Unc. K-A tine. 37 I-G Scarce VG/F 38 J-G AU 127 L-A Uric. 39 M G Scarce VF+ 128 M-A Unc. 129 N-A Unc. 1935D Narrow 12 (5017 or Higher) 130 P-A 40 1 Note Unc. 131 P-OOA Tine. 41 3 Notes AU 132 Q-A Une. 42 X-E (Wanted!) AU 133 1957B My Choice Une. 43 Y-E Scarce VG/F 134 Star A XF 44 L-F AU 135 A VG 45 S-F AU 136 Star A G 46 Z-F AU 137 Star B Une. 47 M 47946988G "Higher than Observed" Front 138 B Faint Crease Unc. 7400 M 47946988 Back 5678 VG/F 139 Q-A F/VF 1935 D Narrow 18 (5689 or higher) 140 Q-A G/VG 48 G-G VF-XF 141 U-A Unc. 49 1935E Complete Block Set N-G Thru P-I and 3 142 V-A 'Inc. Stars Average VF-XF 55 Notes. Minimum 143 W-A Unc. Bid $125.00 141 X-A Unc. 50 1 Note Unc 145 Y-A Scarce XF 51 Star D VF 146 Y-A VF/XF 52 Star E VG 147 Y-A G/VG 53 Star F VF 54 N -G G/VG SILVER CERTIFICATES $5.00 55 F-H XF/AU 148 1934A MULE D-A Large Front Check G620 Good. 56 J-H XF Micro Back Check 910 57 L-H AU 149 MULE E-A lg F/C B744 Micro B/C 937 .. XF 58 M-H AU 150 MULE F-A lg FC I 841 Micro B/C 895 VG/Fine 59 A-I XF/AU 151 C-A F 60 B-I XF/AU 152 1934C Star A VG/F 61 K-I Unc. 153A Q-OOA XF 62 P-I Very Nice Filler 153B Q 62031299A "Higher than observed." Face 63 1935F Complete Block Set P-I Thru B-J and 2 Stars, Check K 1915 B/C 1873. Good15 Notes Average XF Minimum Bid $40.00 64 1 Note Light Crease Unc. 154 1934D Wide Type 2 U 85921951A F/C G2127 B/C 2068Printing Ink Smear. AU 65 Star F VG/F 155 Wide Star A Good 66 Star G VF 156 R-A AU 67 P-I Scarce VG/F 157 S-A VF/XF 68 T-I Faint Crease Unc. 158 T-A VF/XF 69 U-I XF 159 U-A AU 70 V-I Faint Crease AU 160 1934D Narrow U-A XF/AU 71 W-I Crease Unc. 1953 (Complete Block Set available) 72 Y-I Une. 161 Star A XF 73 A-J tine. 162 Star A VG 74 1935G No Motto Complete Block Set B to D-I (aver- 163 A-A VFage AU) Star (VG/F) 4 Notes. This Series 164 B-A VF/XFis Scarce (Particularly Stars) 165 C-A XF 75 1 Note Unc. 166 D-A VF 76 1 Note VF 77 Star G Good 167 1953A Star 27570890A (Higher than observed!) VG/F 168 Star A AU 78 B-J Fine 169 Star A VG 79 C-J XF 80 D-J Unc. 170 Star A Good 171 D-A XF1935G With Motto. This Series is Scarce. 172 E-A AU 81 Star G G/VF 82 D-J V Good 173 F-A AU 83 D-J VF (Why not make a block set from above?) 174 My Choice AU 84 1935 H Star G Scarce! Filler 175 1953B AU/Unc. 85 Star G VG/F The above two were best stars in this series SILVER CERTIFICATES $10.00 in $60,000 notes checked before redemption! 176 1934 Star 00240435A. F/C C 38 B/C 440 VG Scarce? 177 A-A F 86 1 Note Unc. 178 MULE AA Micro F/C L75 B/C 602 XF Lot Number 179 Withdrawn 180 1953 A-A F/C 113 B/C 1497 G/VG FOR POKER PLAYERS 181 X00550600A (1957B $1.00 SC) XF/AU 182 R04966666A (1957B $1.00 SC) EF/XF WAR ISSUES 183 $1.00 SC 1935A Brown Seal Hawaii S-C Good 184 Yellow Seal North Africa C-C Good 185 $10.00 1934A Yellow Seal North Africa A-A 186 Yellow Seal North Africa B-A VF/XF FEDERAL RESERVE NOTES May be I'm nuts but my last three mail bids seem to prove otherwise! Many collectors who cannot, or do not wish to, buy uncirculated notes at high prices, filled their "holes" (as they say in coin collecting), at a small premium. Many notes below came from circulation. I'm retired. If I make 5% on any note it is better than Savings & Loan rates! Bid accordingly and I'm glad to help. Basically you will be "saving money" and enjoy Note collecting at a very small premium! FEDERAL RESERVE NOTES $1.00 187 1963 E 00 Star AU 188 1963A B Star Unc. 189 J 0 Star Unc. FEDERAL RESERVE NOTES $5.00 190 1963 .1 00 Star AU 191 1963A J 0 Star Unc. 192 1950A J A AU 193 J 00 Star AU 194 1950B J 0 Star AU 195 1950B B 32135224D Unc. 196 1950C J B AU 197 1934C H A Good Good 198 MULED 1934 F 43122165A Blue Green (Dark) Seal. Micro Front Check 1-19 large back check 1479. F 1956-F D 505-6F VG FEDERAL RESERVE NOTES $10.00 199 1928B 52515588A In lest auction this note was advertised "a piece of paper had caught in printing." The Buyer who returned the note believes it was caught after printing. The "addition" is black on black background of Jefferson. Sold "as is." F/VF 200 1928B J 06123377 A VF 201 1934 MULED J 22573134 A Blue Green (Dark) Seal. Micro F/C 29 Large Bk 762 2005-J D #510- 5J VF 202 1934A G 79448714B F/VF 203 J 22187412A VFH- 204 1934B B 87763552D VG/F 205 G 34546923C VG/F 206 1934C G 94687721C Good/VG 207 1950 J AU 208 1950C J 0 Star AU+ 209 J 08556694B AU 210 1950D J 31112254B All 211 1950E G 31908969 Star VF 212 1963 J 00009485 Star EF/AU F/C A2 B/C 4 213 1963A J 11401877A Unc. 214 J 00 Star 17ne. FEDERAL RESERVE NOTES $20.00 215 1928 .1 00871335A F 2050-J I) 520-11 VG 216 1934 Light Green Seal G 0384228A F 2054-0 D 520-59-L VF FEDERAL RESERVE NOTES $20.00 217 Light Green Seal .102989938A • #2054J D #520-5JL G/VG 218 Light Green Seal J 03545341A F# & D# same as lot above XF 219 MULED Blue Green (Dark) Seal J 13131449A. Micro Front Check J 19 large hack check 337. F #2054-J D #520-5J VG 220 MULED Blue Green (Dark) Seal J 18559811A Micro F/C E16 large B/C 426 F# & D# same as lot above. VG Lot Number 221 1934A G 04298117B F 2055G Donlon 520-6G VG/F 222 MULED 0 33108039A large F/G37 Micro Back 284 F-2055G Donlon 520-6G G/VG 223 1934A H 29358758A F 2055H Donlon 520-6H VG/F 224 L 41021288A F 2055-L Donlon 520-6L F/VF 225 1934B A 41943635A F 2056A Donlon 520-7A VF 226 F 53624199A F 2056F Donlon 520-7F F/VF 227 H. 30857046A VF/XF F 205611 Donlon 520-7H VG/F 228 J 30165127A VG/F 229 1934D J 42808843A F 2058-J Donlon 520-9J Fine 230 J 44265059A same as above XF/AU 231 1950 J 12897646A F/VF 232 1950A J 0 Star XF 233 1950C J 90602823A XF 234 1950D J 97375547A AU 235 1950E L 21995085D VG 236 1963 H 00477150A VF/XF 237 J 000 Star VF/XF 238 J 00045848A AU 239 K 00 Star F/VF 240 1963A .1 0 Stan• Unc. FEDERAL RESERVE NOTES $50.00 241 1928 Woods-Mellon G 01089387 A Front Check 1-4 Back Check 5 F #2100G D #550-1G G/VG 242 1928A G 02335116A F #21010 D #550-2G Nice Good FEDERAL RESERVE NOTES $50.00 243 1931 Blue Green I Dark) Seal J 01023479A F #21021 D #550-3J F/VF 244 1963A J 0000 Star. (teller's marks) Unc. FEDERAL RESERVE NOTES $100.00 245 1934 Light Green Seal J 00083678A F/C B-2 B/C 33 VF/XF 246 1950E L 13687437A VF/XF 247 1963A J 00005014 Star F/C Cl B/C 2 EF 248 J 00018558A F/C 1 B/C 2 AU 249 J 00063377A F/C H1 B/C 2 Unc. 250 J 00067032A F/C Al B/C 2 AU/Unc. FEDERAL RESERVE BANK BROWN SEAL SMALL SIZE NATIONAL CURRENCY SERIES OF 1929 251 F.R.B. of Philadelphia F1870C Donlon 420C C-00A XF 252 F.R.B. of Philadelphia F1870C Donlon 420C C-00A XF 253 F.H.B. of Atlanta F1870F Donlon 420F F-00A VF 254 F.H.B. of Chicago F18700 Donlon 4200 G-OOA VF/XF 255 F.H.B. of Chicago F18700 Donlon 420G G-000A VF/XF NATIONAL CURRENCY 1929 BROWN SEAL DONLON TYPE 1 256 Natl. Bank of Unionville, Missouri Charter # 13268 C000384A G/VG LARGE SIZE NOTES 257 $10 Gold Certificate Series of 1907 Napier McClung F 1169 Filler 25S $20 Gold Certificate Series of 1922 Spellman White F1169 (F. lists VF at $135.00) Filler 259 $ 5 Federal Reserve Note Series of 1914 White-Mellon F8510 Nice Filler Since my reference that many collectors did not wish to "outlay - for high price•l uncirculated notes, a letter has been received from one of the outstanding authorities in our field. "I'm delighted that I had little enough sense to collect 'circs' when I started—otherwise today I would be without 40 or 50 items 'circ in my collection. It is becoming apparent to me that a lot of these 'toughies' just don't exist in 'unc'." GRADING:—This mail bid on all Notes is graded by reference to the Standard Handbook of Modern U.S. Paper Money by Goodman Schwartz & O'Donnell. Silver Certificates in this Mail Rid were obtained by cooperating with two local dealers; $80,000 Face Value was checked. Except for the 1957, and later, series "Uncirculated" are almost non-existent. Donlon & Friedberg seem to cater for "Unc." Kemm's grading is excellent in the lower grades but grades "Very Fine" as "Average Circ." Please cheek your bids to comply with "G.S.0." Grading. Good Hunting! PHIL A. MACKAY Box 235 Osceola, Missouri 64776 S.P.M.C. 1742 A.N.A. 48780 P.M.C.IiI. 918 I HAVE RETIRED TO THE LAKE! PLEASE NOTE CHANGE IN ADDRESS Paper Money WHOLE NO. 27PAGE 98 More Error Notes By George W. Killian Mr. Edward Zaremba submitted the following report following publication of my article "An Error: Genuine or Fraud" in PAPER MONEY No. 25: "I have in my collection of error notes a series 1935-D $1 silver certificate with similar characteristics. The serial number on the upper right of the note is T38284442 E and is complete along with the seal. The lower left hand serial is T382 2 E. In other words, the numbers 8444 are missing. "There is no evidence in the paper itself that these four digits were removed after printing. The only suspicious thing I noticed is that on the horizontal bar of the first '2' about one-third of this is missing, although I have seen imperfect letters or numbers on other notes similar to this. I also noticed that in the area of the missing numbers there are visible the colored threads, the same as on the note you examined." I would tend to be suspicious that Mr. Zaremba's note is a fraud. My main reason for saying this is that it is quite possible to remove parts of the printing. For example, when the 1935 G first came out with the motto IN GOD WE TRUST on the back and the 1957's were WANTED TO BUY ERRORS IN CURRENCY Please state price and give description and sketch. HARRY L. STRAUSS, JR. 619 South Street Peekskill, N. Y. 10566 also being made with the motto, one could find older 1935 G's without the motto. Accordingly, there were many rumors that those without the motto were errors and even a suggestion that the motto had been removed by someone who did not believe in God. There were so many reports of the 1957 without the motto (and I was so convinced that such a note could not exist) that I wondered how any were being seen. Finally one was sent to me by a doctor in the South- east. Then I learned the secret of removing the print- ing. It can be done and the casual observer would as- sume that the printing had never been there. However, so far as I know, it is not possible to remove the blue seal and leave the WASHINGTON, D. C. Thus, in the case of the bill pictured in No. 25 (and for other reasons explained), I was sure that that note was genuine. The technique for removing the printing I do not like to explain in detail as I don't like the idea of collectors making such a note and having it fall into the hands of someone who pays a high price thinking he is obtaining a genuine error. I have seen examples of such fraudu- lent errors, but they are usually done by a person who has so little knowledge of what could possibly happen in the Bureau that he does something that is quite im- possible. The usual error is to remove part of the printing and part of the engraving, too. WANTED • Maine and New Jersey Broken Bank Notes FOR MY COLLECTION • PLEASE WRITE ROBERT R. COOK 93 OVERLOOK ROAD UPPER MONTCLAIR NEW JERSEY 07043 SPMC 529 BROKEN BANK • and other obsolete U. S. Currency available I have a large stock on hand at all times and will be happy to add your name to my mailing list. FRACTIONAL CURRENCY SERIES I buy and sell anything in the FRACTIONAL CURRENCY SERIES • SINGLES SHEETS SHIELDS SPECIMENS PROOFS WHETHER BUYING OR SELLING Please Contact WARREN HENDERSON Obsolete Currency Specialist P. 0. BOX 1358 VENICE, FLA. 33595 Try a specialist in this series for all your needs. SELL TO A SPECIALIST FOR THE BEST PRICE. Thomas E. Werner 505 N. WALNUT ST. WEST CHESTER, PA. LISTS AVAILABLE Write for list of large size, small size or Fractional U. S. Currency. If you collect obsolete notes, please tell me the states which interest you. Also have engraver's die proofs of vignettes and sample sheets. Will trade any of above for proof notes. Will also exchange proof notes for mutual benefit. G. W. WAIT Box 165 GLEN RIDGE, N. J. 07028 WE BUY AND SELL LARGE SIZE U. S. PAPER MONEY WANTED: Choice Condition and Scarce Large Size Notes Only. 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 WE WILL TRADE THE FOLLOWING FOR STOCK THAT WE NEED: CRISWELL NUMBERS AND VALUATIONS USED. CSA $1000 Bonds Montgomery issue May 1, 1861, 19 coupons, X. Fine #8 ($46.75) CSA $100 currency Sept. 2, 1861, type 13, fine ($9.00) CSA $50 currency Sept. 2, 1861, type 14, crisp unc. ($9.50) CSA $2 currency Feb. 17, 1864, type 70, crisp unc. ($6.50) Savannah. Georgia 1867-69 Bank Promissory Notes with revenue stamps, X. Fine (—) Terre Haute, Indiana $1.00 Commercial Exchange Bank, Aug. 3, 1858 C-401 rare unpriced in Criswell. X.F. to A.U. (—) State of Louisiana $2.00 Feb. 24, 1862 #6, printed on backs of Miss. notes of Holly Springs, crisp one. ($5.25) State of L 'siana $5.00 Oct. 10, 1862 #10 fine ($4.00) Canal Bank $100, $100, $100, $100 uncut sheet of 4 notes N-331 unc. ($28.00) State of North Cafeliux 11.00 Jan. 1, 1863, crisp unc. #132 ($3.00) **************** We have sufficient stock of the above to make many trades. We need uncut sheets from other States than Louisiana and Connecticut. Also want 13 notes from most States, scarce Railroad notes, United States Liberty Seated and Trade Dollars. List what you have as to quantity and condition and what you want in trade, and send with a stamped, addressed envelope for our reply. HELEN H. WILLIAMSON S.P.M.C. #1350 ANA #20431 ORLEANS COIN SHOP 628 Belleville Ave., Brewton, Ala. 36426 THE OFFICIAL GIJID E OF NIT ED STATES PAP ER MON EY • ILLUSTRATED • LISTING AND PRICING OF LARGE AND SMALL SIZE NOTES. 1861 TO DATE Paper Back Pocket Edition $1.00 Deluxe Hard Cover Edition $3.00 THEODORE KEMM 915 West End Avenue New York, N. Y. 10025 WANTED WANTED TO BUY Colonial Notes! Obsolete Notes! If I need it, I'll pay the best price. • National Bank Currency LARGE OR SMALL Issued on Texas Banks WILL TRADE COINS, PROOF SETS, Etc. OR WILL BUY. • Especially interested in Pennsylvania ma- terial. Also need ODD DENOMINATION obsolete and all western notes. Write, Describe Fully, and Quote Best Price. FREDERICK G. WEBER LET ME KNOW WHAT YOU HAVE . . ROUTE ONE OAK HILL ROAD EMMAUS, PENNA. 18049 JOHN R. CULVER 107 WEST WALL STREET MIDLAND, TEXAS 79701 DID YOU KNOW?? Sets of small size $5.00 Red Seal U. S. Notes are very hard to complete. Certain Uncut Sheets of Old Bank Checks are rarer than 1913 Nickels. Many people frame Uncut Sheets of obsolete bills to hang in their homes or offices. They make striking wall decorators. The Sprinkle Collection contains over 600 Different obsolete Uncut Sheets. I have many duplicate Sheets of obsolete material as well as single Notes & Checks for sale or trade to interested parties. Frank F. Sprinkle P. 0. Box 864, Bluefield, W. Va. 24701 DISTRICT OF COLUMBIA Obsolete Notes 2.00 Bank of the Union, u/s, Unc. $ 9.00 1.00 Bank of Anacastia, 1854, Fine 7.50 1.00 Bullion Bank, 1862, Fine 5.00 5.00 C & 0 Canal Co., 1840, Unc 5.00 10.00 C 1-7 0 Canal Co., 1840, Unc. 5.50 20.00 C & 0 Canal Co., 1840, X.F. 5.50 25c Farmers & Merchants Bank, 1862, Fine 4.00 1.00 Farmers & Merchants Bank, 1862, Fine 4.00 5.00 Presidents Bank, 1852, u/s, Unc. 12.00 2.00 Mercantile Bank, u/s, Unc. 12.00 5.00 Columbia Bank, 1852, Unc. 6.00 1.00 Mechanics & Traders Bank, 1852, Unc. 8.75 1.00 Mechanics Bank, 1852, X.F. 8.25 1.00 Merchants Bank, 1852, Unc. 11.00 5.00 Bank of D.C., 1858, Fine 15.00 3.00 Merchants Bank, 1852, Fine 8.00 5.00 Merchants Bank, 1852, Unc. 10.00 1.00 Columbia Bank, 1852, Unc. 6.00 1.00 Bank of the Union, 1851, V.F. 5.00 Many other notes in stock. Want lists solicited. Will also buy. RICHARD T. HOOBER P. 0. Box 196, Newfoundland, Penna. 18445 DEALERS LOTS OF Confederate Notes LOT # 1. 25 Notes, each one in cellophane envel- ope with suggested retail price. Retail value $50.00 -my price, 25 notes $25.00 2. 10 as above, nice assortment of better notes. Retail value $50.00-my price, 10 notes $25.00 3. 15 as above, a deluxe group fast selling scarce ones. Retail value $100.00- my price, 15 notes $50.00 STATE AND BROKEN BANK NOTES 4. 25 in separate cellophane envelopes with suggested retail price. Some have Criswell Number, others are unlisted in any Catalog. Retail value $50.00-my price, 25 notes $25.00 5. 15 as above; a nice lot of scarcer ones. Retail value $50.00 - my price, 15 notes $25.00 Remit with order please. Satisfaction Guaranteed. Wanted Broken Bank Notes, especially Tennessee Notes. State your pike or send for my offer. ANA 7906 FUN 622 SPMC 1600 JOHN E. TIDWELL P. 0. Box 8040, Nashville, Tenn. 37207 OBSOLETE AND STATE BANK NOTES ARKANSAS Treasury Warrant $10.00 CR. 54 April 62 Unc. $ 8.00 FLORIDA CIL 19-1.00 Mar. 1-1863 Fine - Cotton 10.00 CR. 32-10.00 Mar. 1-1864 Fine $10.00 Unc. 15.00 CR. 39-2.00 Jan. 1-1864 Fine $9.00 Unc. 14.00 MICHIGAN $1.00 l iv er Raisin & Lake Erie R.R. 1863 Unc. 10.00 $1.25 $1.50 $1.75 Erie & Kalamazoo R.R. Unc. Set 75.00 $5.00 Benton Harbor 1933 School Scrip V.F 5.00 NEW HAMPSHIRE 2 Cents Concord 7/1/1864 Scrip Unc. 5.00 3 Cents Concord 7/1/1864 Scrip Unc. 5.00 NEW JERSEY State Bank New Brunswick 1.00 Unc. 4.00 State Bank New Brunswick 5.00 Unc. 7.00 State Bank New Brunswick 10.00 Unc. 8.00 State Bank New Brunswick 20.00 Unc. 10.00 NEW YORK $50.00 Globe Bank NY City 1840 Unc. 15.00 $100.00 Globe Bank NY City 1840 Unc. 15.00 PENNSYLVANIA 5.00 Northwestern Bank Warren 1861 Unc. 6.00 10.00 Manuel Labor Bank Phila. 1836 TJnc. 6.00 SO. CAROLINA $5.00 Merchants Bank Cheraw 1858 V.F 6.00 $1.00 $2.00 $5.00 So. Carolina R.R. 1873 Unc. 10.00 $1.00 $2.00 $5.00 $10.00 $20.00 $50.00 S.C. 1872 Unc. 17.50 TENNESSEE $5.00 Farmers & Merchants Bk, Memphis 1854 Unc. 5.00 VIRGINIA $20.00 Treasury Note CR. 3 1862 Fine 15.00 $50.00 Treasury Note CR. 7 1862 Unc. 20.00 $100.00 Treasury Note CR. 6 1862 Fine 20.00 Satisfaction Guaranteed or Prompt Refund. Want Lists Solicited-Many Others Available. AMERICANA GALLERY Box 4634, Fort Lauderdale, Florida 33304 U. S. PAPER MONEY RARITIES Fr. 6a: $10 Demand Note, payable at New York; "For The" handwritten. Strictly FINE condition $1000.00 Fr. 7: $10 Demand Note, payable at Philadelphia; FINE/ V. FINE obverse, V. FINE reverse $850.00 Fr. 11: $20 Demand Note, payable at New York. The type note missing from most collections; less than yen extant. Some minor stains, but overall a bright V. FINE P.O.R. Fr. 1144: $10 California Gold Bank Note, dated August 15, 1872. The National Gold Bank of D.O. Mills & Co., Sacramento, Calif., no Charter imprint. Bright V. Fine obverse; reverse F/VF. Quite rare in this condition $1 350.00 Fr. 1156: $20 California Gold Bank Note, dated August 15, 1874. The Farmers National Gold Bank of San Jose, Calif. Charter #2158 imprint. Has minor repairs, but is VERY GOOD and legible. Of great rarity $700.00 NATIONAL BANK NOTES 608: $5 Series 1902; The First National Bank of BRIG- HAM CITY, UTAH. V. FINE/EX. FINE $165.00 621: $10 Series 1902, RED SEAL. Citizens National Bank of MERIDIAN, MISSISSIPPI. Only G/VG, but completely legible. One of the more difficult states in NBN collecting $150.00 628: $10 Series 1902; The American National Bank of SILVER CITY, NEW MEXICO. Some margin stain- ing, but not into design. An ex. rare and popular note. F/VF $245.00 648: $20 Series 1902, RED SEAL. THE PACIFIC NA- TIONAL BANK of TACOMA, WASHINGTON. Rare state, type and sigs. Ex. Fine $185.00 652: $20 Series 1902; The Citizens National Bank of SALMON, IDAHO. A most unusual name on an equally rare state. Ex. Fine $350.00 659: $20 Series 1902; First National Bank, KEMMERER, WYOMING. V. FINE. $165.00 Fr. 405: $5 Series 1875, Citizens National Bank of FRIEND- Fr. SHIP, N.Y. Unusual name; attractive A.U. $225.00 Fr. 467: $5 Series 1882 brownback; SHOE AND LEATHER Fr. NATIONAL BANK, Boston, Mass. Popular Trades- man's bank. UNC. $115.00 Fr. 467: $5 Series 1882 brownback; The First National Bank of ALAMOSA, COLORADO. Rare Western note. Fr. VG/Fine $1 50.00 Fr. 499: $20 Series 1882 brownback; The National Bank of RISING SUN, INDIANA. Another unusual town name. V. FINE $125.00 Fr. Fr. 542: $10 Series 1882 dateback; LAREDO NATIONAL BANK, LAREDO, TEXAS. "Romantic" Western note. V. FINE $225.00 Fr. Fr. 555: $20 Series 1882 dateback; Commercial National Bank, NEW ORLEANS, LOUISIANA. Very rare Southern note. V. FINE $250.00 Fr. Fr. 577: $10 Series 1882 denom-rev.; THE WESTERN NA- TIONAL BANK of PUEBLO, COLORADO. FINE and rare. $195.00 Five-day return privilege. Notes sent postpaid and insured. your want lists respectfully solicited. M. PERLMUTTE111. P. 0. Box 48, Watertown, Mass. 02172 BLOCK COLLECTORS SILVER CERTIFICATES---ALL CRISP, UNCIRCULATED A WIDE SELECTION OF "COMMON" BLOCKS 1928 $12.00 1928A 8.25 10.50 1928B 11.50 1934 9.00 1935 12.00 1935A 3.50 1935B 10.50 1935C 4.50 1935D wide 4.00 1935D narrow 4.00 1935E 3.00 1935F 2.50 1935G no motto 2.50 1935G motto 3.00 1935H 2.50 1957 2.00 1957A 2.00 1957B 2.00 AA, BA, CA, EA, FA GA, HA, IA, JA, KA, LA, RA, TA, UA, VA, WA, XA, ZA, AB BB, DB BB, GB, HB CA, DA, EA, FA AA, BA, CA, DA, HA, JA, KA TA, VA, WA, XA, CB, DB, EB, FB, GB, JB, LB, MB, PB, RB, SB, TB, WB, ZB, AC, DC, EC, FC, HC, IC, KC, NC, QC, UC, VC, WC, XC, YC, ZC, AD, BD, CD, AB, JC DD, ED, FD, GD, HD, ID, JD, KD MD, ND, QD, RD, SD, WD, XD, YD, AE, BE, DE, EE, GE, HE, IE, KE, LE, PE, QE VE, WE, XE, YE, AF, BF, DF, EF, GF, IF, NF, PF, RF, VF, WF, YF, ZF, DG, FF, UE AF, BF, DF, EF , FF, GF, IF, JF, KF, LF, MF, NF, PF, RF, SF, TF, WF, UF, VF, XF, YF, ZF, AG, CG, DG, FG, HG, IG, KG, LG, MG PG, TG, UG, VG, YG, ZG, AH, BH, CH, DH, MH, WH, XH, ZH, BI, EI, HI, KI, PI QI, RI, SI, XI, YI, ZI, AJ, BJ BJ, CJ, DJ DJ DJ, EJ AA, CA, EA, FA, HA, IA, JA, KA, LA, RA, SA, UA, VA, XA, YA, ZA, AB AA, BA, CA, FA, GA, HA, IA, JA, KA, LA, NA, PA, QA RA, TA, UA, VA, WA, XA, YA We have available other series, conditions, denominations. Also Stars, scarce blocks, mules. We invite want lists from serious collectors. PIEDMONT COIN COMPANY Post Office Box 848 Burlington, N. C. 27215 A SELECTION OF SMALL SIZE NOTES FROM D. C. C. $1.00 Silver Certificates 1928 CU $11.95 1935-E CU $ 2.95 1928-A XF $ 2.95 1935-E *-D AU $ 3.95 1928-A UNC. (Edge Fold) $ 3.95 1935-F CU $ 1.95 1928-A CU $ 5.95 1935-G CU $ 1.95 1928-B UNC. (Edge Fold) $ 4.95 1935-H CU $ 1.85 1928-B CU $ 7.95 1934 XF 1934 UNC. (Edge Fold) $ 3.95 $ 5.95 $5.00 Silver Certificates 1934 CU $ 7.95 1934 CU $19.00 1935 Fine $ 3.95 1934-B Fine $19.00 1935 XF $ 5.95 1934-B XF $23.00 1935 UNC. (Edge Fold) $ 7.95 1934-B CU $49.00 1935 CU $10.95 1934-D NARROW CU $19.00 1935 N-A Fine $ 6.95 1934-D WIDE CU $12.00 1935 MULE N-A VG/F $59.95 1953 CU $11.00 1935 MULE P-A UNC. (E. Fold) $99.95 1935-A XF 1935-A UNC. (Edge Fold) $ 1.95 $ 2.50 $10.00 Silver Certificates 1935-A CU $ 3.50 1934-C * A CU $49.00 1935-A *-F Fine $ 4.95 1935-A P-A CU 1935-A Q-A CU $ 5.95 $ 3.95 $5.00 Nationals 1935-A *-A CU $ 7.95 Lewiston, Maine Tyl I XF $19.95 1935-A MULE N-A CU $29.95 Millerton, N.Y. Tyl I CU $32.00 1935-A MULE P-A CU $29.95 Federal Reserve NY. CU $57.00 1935-A MULE Q-A CU $29.95 Federal Reserve Phil. CU $45.00 1935-A MULE U-A CU $35.00 1935-A MULE Y-A CU 1935-A MULE Z-A CU $75.00 $75.00 Miscellaneous by Donlon # 1935-B XF $ 4.95 505-14H CU $12.00 1935-B AU $ 6.95 510-6B B-* CU $22.50 1935-B CU $ 9.95 510-8C C-* CU $22.00 1935-B *-B CU $49.95 510-9C C-* CU $22.00 1935-C K-D CU $99.00 510-13H CU $18.00 1935-C T-E UNC. (Edge Fold) $19.00 510-131 1-* CU $19.00 1935-C *-B CU $ 8.95 520-1D CU $32.00 1935-D NARROW CU $ 2.95 520-3C CU $35.00 1935-D NARROW G-G VG/F $ 2.95 520-7J J-* CU $47.00 1935-D NARROW Y-E VF $ 9.95 520-81 1-* CU $52.00 1935-D NARROW *-B CU $ 6.95 520-11G G-* CU $28.00 1935-D WIDE CU $ 3.95 520-12G G-* CU $28.00 1935-D WIDE I-G Fine $ 9.95 520-13H CU $22.00 1935-D WIDE *-B CU $ 6.95 520-14H CU $21.00 Many of the notes listed above are available in quantity; however, several of the MULES are in limited supply. First check to our office takes the lot. On large orders, feel free to call us collect on any day except Wednesday. Remember, we are always in the market to buy Maine, New Hampshire and Vermont material. d DOLLOFF COIN CENTER 116 STATE STREET, PORTSMOUTH, N. H. 03801 Call: 603-436-0332 Open: 10:00 AM to 7:30 PM C Let's make a date! for Saturday, 10 A. M., October 19, 1968 BELLEVUE - STRATFORD HOTEL Broad & Walnut Sts., Philadelphia, Pa. to attend the Paper Money Session of our 3-session regular Public Auction featuring COLONIAL - (B. FRANKLIN) CONTINENTAL - FRACTIONAL - OBSOLETE - LOTTERIES - SCRIP - LARGE NOTES - SMALL NOTES - ERRORS - GOLD BACKS and CERTIFICATES NATIONALS, LARGE and SMALL—and OTHERS-- If The Distance Interferes Use The Convenient Mail Bid Sheet (CATALOGUE AND PRICES REALIZED-$1.00) Friday Eve Session: Oct. 18th 7 P.M. Features Autographs and Documents of Famous and Infamous - Presidents - Artists - Political Figures Etc. Saturday Afternoon Session: Coins - U. S. - Foreign - Ancient - Approx. 100 pcs. of Gold Including Pan Pacific 50.- Round. Auction Sale ® Bellevue-Stratford Hotel Broad t► Walnut Ms., Philadelphia, Pa. By Coins & Currency, Inc. 37 SO. 18th ST., PHILADELPHIA PA. 19103 DOROTHY GERSHENSON, Pres. BAIN - BROWNLEE - ROWE 1418 COMMERCE STREET, DALLAS, TEXAS 75201 UNCUT SHEETS-LARGE 10-10-10-20 3rd Ch. Commercial, S. A. Tex. 350.00 5-5-5-5 1st Ch. National Bank of Illinois, Chicago ....$1,000.00 10-10-10-20 2nd Ch. Beaumont Na- tional 1,000.00 10-10-10-20 3rd Ch. Tradesman Na- 10-10-10-20 3rd Ch. 1st National, Aspermont, Tex. #800 10-10-10-10 3rd Ch. Capitol Nation- al, Hartford, Conn. #5 350.00 500.00 tional Philadelphia #1 600.00 10-10-10-20 3rd Ch. National Metro. 5-5-5-5 2nd Ch. St. Paul Nation- Washington, D. C. 600.00 al, Nebraska 800.00 10-10-10-20 3rd Ch. 1st National, 5-5-5-5 3rd. Dunbar National, N. Woodlake, Ca'if. 300.00 Y. #13 700.00 10-10-10-20 3rd Ch. American 1st 5-5-5-5 3rd Ch. Lebanon N a- National, Finlay, Ohio tional, N. Y. #5 300.00 #1 600.00 UNCUT SHEETS-SMALL 5 El Paso National TY II 250.00 5 First National, Teague, Texas Tyl I .. 10 South Texa.s Comm. Houston #1 .... 250.00 350.00 10 National Bank of Fort Sam Houston #1 10 2nd National Bank TY II #1, Hous- 350.00 10 Dallas National #1 10 San Jacinto. Houston Tyl I #1 20 South Texas Comm. #1 350.00 400.00 500.00 ton 5 North Texas, Dallas #1 400.00 350.00 5 1st Coleman Ty I #1 350.00 5 Bear County National Bank, S. A. 5 1st Coleman Ty I I 400.00 TY II #1 400.00 5 South Texas Comm., Houston 350.00 5 National Bank Commerce, S. A. #1 350.00 10 City National, Cleburne 10 1st National, Aspermont, Tx #1 5 National City, Waco TY II #1 350.00 350.00 400.00 20 National Bank Fort Sam Houston #1 500.00 10 National City, Waco TY II #1 400.00 5 City National Bank, Dallas #1 350.00 20 National City, Waco TY2 #1 500.00 5 Alamo Nat'l San Antonio #1 350.00 LARGE SIZE NOTES 10 Fr. 633 Bartlett, Texas Unc. 40.00 5 Dallas National 3rd Ch. Cut Sheet 1 5 Southwe.st National 3rd Ch. Dallas #1 5 Public National 3rd Ch. Houston #1 5 1st National, Kingsville #1 400.00 100.00 100.00 100.00 10 Fr. 635 Kenedy, Texas Fine + .... 10 Fr. 635 United States Nat'l, Gal- ve ton, Unc. 10-10-10-20 National City, Waco, Red Seal Cut Sheet #1 10-10-10-20 Dallas National 3rd Ch. Cut Sheet #1 40.00 40.00 600.00 600.00 5 Gross National, S. A. #1 5 State, National Corsicana #1 5 Teague, Texas #1 100.00 100.00 100.00 10 S. W. National, Dallas 3rd Ch. #1 10 1st National Bagwell 3rd #1 110.00 110.00 Grand Saline, Texas 100.00 10 Public National, Houston 3rd Ch. 10 Fr. 577 Crandall, Texas A.U. 200.00 #1 125.00 10 Fr. 577 Thorndale, Texas A.U. .... 150.00 10 Houston National Exchange 3rd #1 10 Fr. 626 La Grange, Texas Unc. 40.00 XF 75.00 SECOND CHARTER NOTES 10 American National, Galveston #1 .. 150.00 10 1st National Bank, McGregar #1 .. 150.00 5 American National, Galveston #2 10-10-10-20 Itasca National, Cut Sheet 150.00 10 Houston National #1 150.00 #1 700.00 10 1st National Brenham #1 150.00 10 Goldthwaite National #1 150.00 10 Velasco National #1 200.00 SMALL SIZE NOTES 10 1st National, Cameron TY II 35.00 10 1st National, King.sville TY II 35.00 5 American Exchange, Dallas # 3A .... 30.00 20 1st National, Dallas 45.00 5 State National, Marshall TY II 5 1st National, Plano, TY II #6 5 Citizens National, Denison TY II 10 Republic National & Trust Co., Dal- las 35.00 35.00 30.00 25.00 20 National Bank Commerce, Houston 20 State National Bank, Houston 20 2nd National Bank, Houston 20 Laredo National, Laredo 45.00 45.00 45.00 45.00 10 Republic National & Trust Co., TY II 35.00 20 1st National, Gatesville TY II 45.00 10 Farmers National Gonzales 30.00 10 1st Nat'l, Italy, Texas TY II 35.00 U. S. PAPER MONEY COLLECTORS HAVE YOU ORDERED YOUR COPY OF THE NEW DONLON CATALOG? NOWIEDGE pROFESSIONk NUMISMIITISIS %Ulm INr P. 0. BOX 144 UTICA, NEW YORK 13503 "UNITED STATES LARGE SIZE PAPER MONEY" — 1861 - 1923 — A Guide Book for Advanced or New Collectors 176 Information-Packed Pages Current Valuations But Not Just A Price List. ORDER DIRECT OR FROM YOUR DEALER $3.00 PPD. • • • • DONLON'S "U. S. SMALL SIZE PAPER MONEY" 1968 ED. 3rd PRINTING "THE LITTLE BOOK WITH THE BIG IMPACT" $1.10 PREPAID Free to SPMC Members With Any Order From This Ad • • • • FRIEDBERG 1968 "PAPER MONEY OF THE U. S." $14.00 PREPAID • • • • FLIP-UP ALBUMS—THE SAFEST WAY TO HOUSE PAPER MONEY EACH ALBUM HOLDS 50 TO 100 NOTES FOR LARGE SIZE NOTES $12.50—SMALL SIZE $10.50 WILL BUY CHOICE U S. PAPER MONEY NSIBIIi and. Paper Money Supplies. (0) United States Paper Money S.P.M.C. NO. 74 WILLIAM P. DONLON