Paper Money - Vol. XI, No. 2 - Whole No. 42 - Spring 1972

KcY'cA2c ‘I'cixixXxXxX"._cr-cX'cl"TcXxix'X'cixYx1.---'"-Xxix:\OcXxXxixrA 1 Pa er *one I & ,.3 E., ,.3 ,.3 Ell Er/ Ei Proof note of the Bank of North America, Newport, Ind., the object of "The Governor's Bank Run" as recounted by Wendell Wolka in this issue. 1)3 Ei Ei 1°3 Ei ) Ei VOL. 11 /13 E, /13 Ei Ei /13 E4 DEVOTED TO THE STUDY OF CURRENCY Ei 113RAAA....suirrir Avri yeA i153 (ElivE li_ToilLA,Aas ///‘ /,,„„ • • • • S VC V 761) V NV PL GP V PL IS LIU Ei /1 1972 Whole No. 42 No. 2 Egl /13 OFFICIAL PUBLICATION OF Cociety of Paper #tosiq Collectom C) 1972 by The Society of Paper Money Collectors, Inc. itax.T.xXxXxXxMc.T.,c.T..x.Lcix.T.xXxXic..XxXxXxXx.LzTxMcTxXx.T.)j:i Bebee's, inc. "Pronto Service" 4514 North 30th Street Phone 402-451-4766 Omaha, Nebraska 68111 $1 FEDERAL RESERVE SET SALE Special Discount on Sets-10% ($50 up) except when NET. Complete All Superb Crisp New Sets 1963 Granahan/Dillon (12) 1963A Gran ahan/Fowler (12) 1963B Granahan/Barr ( 5) 1969 Elston/Kennedy (12) #1969A Kabis/Kennedy (12) 1969B Kabis/Connally (12) Above Six Sets Net (65) 1969A K/K Set (AA, JA) (12) 1969B K/C Set, last 3 Nos. Match (12) Ask for our List of other Notes-also at LOW, LOW Prices. Star Set, Last Star Sets 2 Nos. Match (12) 25.75 (12) 28.75 (12) 23.75 (12) 26.75 ( 4) 9.75 ( 4) 10.75 (12) 21.75 (12) 24.75 Above 4 Sets, Net (40) 82.75 #K/K Set with AB, JB Blocks (Last 3 Nos. Match $22.75) 18.75 Set. Last 2 Nos. Match 21.75 (12) 23.75 19.75 (12) 21.75 8.75 ( 5) 9.75 18.75 (12) 20.75 17.95 (12) 18.95 16.95 (12) 17.95 93.75 Net (65) 98.75 19.75 (12) 21.75 44.75 NET 19.75 NET 20.95 4.95 K/K Blocks A/A-NET, ea. $2.50, 10/$19.75, 25 for 1969 K/K "Star Set" (11). No Dallas Issued. Same-Last 2 Nos. Match WESTPORT Albums-for all Above Sets, ea. $2.95, Binder WANTED-1969B K/C Stars-Bundles of 100, Districts H-I-J-L IMPORTANT BOOKS - POSTPAID 15% Discount on Books ($10 or more)-Except where NET-IF you include a Currency Order. Save $$$'s on Books-Send $1 for our Giant Book Catalogue (Free with Order). Affleck's "Obsolete Paper Money of Virginia" Vol. I $15.00 Volume 11-264 pages, Illus. 15.00 Bebee's "James M. Wade Sale". 1956, Values 4.50 Bluestone's "Albert A. Grinnell Sales 1944/1946" Re- print, 700 Pages (Only $19.00 NET with Note Order) 24.50 Bowen's "State Bank Notes of Michigan". 160 pages, Illus. Out-Of-Print 12.50 Bradbeer's "Confederate & Southern States Currency" Reprint, 277 pages, Illus. Includes Price-Index & Cross-Index to Criswell 8.95 Criswell's "Confederate & Southern States Currency" 291 pages, Illus., Values 8.95 SPECIAL-Above Pair-NET 13.75 "Confederate & Southern States Bonds". 310 pages, 300 Illus., Values 8.95 "North American Currency". 1st Ed. 912 pages, Over 2,100 Illus., Values. Price NET 8.95 Same-2nd Ed. 942 pages, Illus., Values 14.95 Dillisten's "Descriptive History of National Bank Notes 1863-1935". A MUST. Out-Of-Print Donlon's "Large Size Paper Money 1861-1923". 2nd Ed. $2.95, Hard Cover Friedberg's "Paper Money of the United States". New 7th Ed. (Only $10.75 NET, with Note Order) Gaytan's "Billetes de Mexico". 1st Ed. 150 pages Illus "Catalogue of Mexican Currency". 1971, 300 pages, 2,000 Listings, Values. In English 12.95 Harper's "Historical Account of Vermont Paper Currency and Banks" 1781/1867. Illus. Huntoon/Van Belkum's "National Bank Notes (Issu- ing Period 1863/1935)" Out-Of-Print. NET 1 Jaeger/Haevecker's "German Bank Notes Since 1871". 171 pages, Illus., Values. 1969 Ed. In German 12.50 McKee "The Wildcat Bank Notes, Scrip & Currencies of Nebraska Prior to 1900". 60 pages, Rarity Guide 6.95 Medlar's "Texas Obsolete Notes & Scrip". NET 8.95 Newman's "The Early Paper Money of America". 360 pages, Illus., Values 15.00 Pick's "European Paper Money Since 1900". Illus , Values 12.95 Scott's "Counterfeiting in Colonial America". 1957, 283 pages, 8 plates 5.95 Smith/Matraver's "Chinese Banknotes" 1970, 650 AD to Present. 230 pages, Illus., Values 12.00 Mao's "History of Chinese Currency, 1923-1949" Lists 392 Notes, Illus., Values 19.50 Werlich's "Catalogue U.S. & Canadian Currency" 1969/1970, Latest Ed. 3.95 BIG SIX SPECIAL Christoph/Krause "U.S. Postage & Fractional Currency 1862-1876". Enlarged Illus., Values 1.25* 8.95 Donlon's Catalogue "Small Size Paper Money". 8th Ed. 1.65* 4.25 Goodman/O'Donnell/Schwartz' "Standard Handbook of Modern U.S. Paper Money". New 3rd Ed. 1.65* 14.00 Hessler's "Official Guide to U.S. Paper Money". 1st 4.95 Ed. 1.15* Kemm's "Official Guide of U.S. Paper Money". 1972, 5th Ed. 1.15* 2.50 Shafer's "Guidebook of Modern U.S. Currency". 1972, 5th Ed. 2.65* 1.95 SPECIAL-Above "Big Six"-NET 6.75 100% Satisfaction Guaranteed. Add $1.00 if less than $50.00 (except Books). Nebraskans add Sales Tax. First Class-or Airmail Shipments made on Note Orders. For Faster P. 0. Service on books, add 50c for SPECIAL HANDLING. Give us a Try- and Become a "Bebee Booster"-Thousands do! Paper #tene VOL. 1 1 NO. 2 SECOND QUARTER 1972 WHOLE NO. 42 PUBLISHED QUARTERLY BY THE SOCIETY OF PAPER MONEY COLLECTORS Editor Barbara R. Mueller, 225 S. Fischer Ave.. Jefferson. Wis. 53549 Publisher J. Roy Pennell, Jr., Box 858, Anderson, S. C. 29621 Direct only manuscripts and advertising matter to Editor. Direct all other correspondence about membership affairs, address changes, and back numbers of Paper Money to the Secretary, Vernon L. Brown, Box 8984, Ft. Lauderdale, Fla. 33310. Membership in the Society of Paper Money Collectors, including a subscription to Paper Money, is available to all interested and responsible collectors upon proper application to the Secretary and payment of a $5 fee. Entered as second-class matter July 31, 1967, at the Post Office at Anderson, S. C. 29621 with additional mailing privileges at Federalsburg, Md. 21632, under the Act of March 3, 1879. Non-member Subscription, $6.00 a year. Published quarterly. ADVERTISING RATES—PREPAID One Time Yearly Outside Rear Cover $40.00 $150.00 Inside Front & Rear Cover 37.50 140.00 Full Page 32.50 120.00 Half Page 20.00 70.00 Quarter Page 12.50 40.00 (Non-contract advertising accepted in order received, providing space available by deadline. Please reserve space early! All ad copy subject to 25% surcharge for composition in 6 point type or special effects. $1 per printed page charge for typing copy where necessary.) Editor's telephone: 414-674-5239 Schedule for 1972-73 Issue No. 43 Issue No. 44 Issue No. 45 Advertising Publication Deadline Date Aug. 15 Sept. 8 Nov. 15 Dec. 8 Feb. 15 Mar. 8 CONTENTS The Governor's Bank Run, by Wendell Wolka 55 Counterfeiting of Early U. S. Legal Tender Notes and Fractional Currency, by William P. Koster 58 Federal Reserve Corner, by Nathan Goldstein, II 60 Peru's Modern Banknotes, by Yasha L. Beresiner 61 Literature in Review 69 Some Notes on Early Kansas Banks, by S. K. Whitfield 70 Block Number Additions, 1899 Certificates, by Robert H. Lloyd 71 Corrections to Warn's Signature Stories 73 The New York State Free Banking Law (concluded), by Forrest W. Daniel 74 Unusual Latin-American Notes to be Auctioned by Almanzar's 79 Fractional Currency Plate Information, Second and Third Issues, by Martin Gee gerke 80 The Chelan-Townsend Test Fund and Its Checks, by George S. Vanderwende 88 TIIE SOCIETY OF PAPER MONEY COLLECTORS. INC. SPMC at TNA 60 Library Notes 84 U. S. Treasurer to be Guest at SPMC New Orleans Luncheon 86 Call for Annual Meeting 86 Nominations Report 86 SPMC'ers Enjoy Productive Meeting in Milwaukee 87 Secretary's Report 90 Money Mart 93 Ociety od Paper Money Collector-6 OFFICERS President J. Roy Pennell, Jr. P. 0. Box 858, Anderson, S C. 29621 Vice-President Robert E. Medlar 4114 Avenue Q, Lubbock, Texas 79412 Secretary Vernon L. Brown P. 0. Box 8984, Fort Lauderdale, Fla. 33310 Treasurer M. Owen Warns P. 0. Box 1840, Milwaukee, Wis. 53201 APPOINTEES--1971-72 Librarian Barbara R. Mueller Attorney Ellis Edlow BOARD OF GOVERNORS-1971-72 Thomas C. Bain, Vernon L. Brown, Forrest W. Daniel, Nathan Goldstein II, Maurice M. Gould, David A. Hakes, William J. Harrison, Richard T. Hoober, Brent H. Hughes, Robert E. Medlar, Charles O'Donnell, J. Roy Pennell, Jr., Glenn B. Smedley, George W. Wait and M. Owen Warns. Society Library Services The Society maintains a lending library for the use of members only. A catalog and list of regulations is in- cluded in the official Membership Directory available only to members from the Secretary. It is updated periodically in PAPER MONEY. For further information, write the Librarian, Barbara R. Mueller, 225 S. Fischer Ave., Jeffer- son, Wis. 53549, including return postage. SPMC PUBLICATIONS AVAILABLE Texas Obsolete Notes and Scrip by BOB MEDLAR This is a hard-covered book with 204 large pages and 240 full-size illustrations. Postpaid to members, $6.00 Others, $10.50 Florida Obsolete Notes and Scrip by HARLEY L. FREEMAN This, too, is a hard-covered book, profusely illustrated, with 103 large pages. Postpaid to members, $4.00 Others, $5.00 Back Issues of PAPER MONEY $1.00 each while they last All issues from Vol. 4, No. 2, 1965 (Whole No. 14) to date. Earlier issues are in short supply. Send remittances payable to The Society of Paper Money Collectors, Inc. J. ROY PENNELL, JR. P. 0. Box 858, Anderson, S. C. 29621 Be Sure To Include Zip Code! The National Bank Note Issues of 1929-1935 by M. 0. WARNS-PETER HUNTOON-LOUIS VAN BELKUM This is a hard-covered book wilt 212 large pages and 329 illustrations. $9.75 Postpaid Send remittances payable to The Society of Paper Money Collectors, Inc. M. 0. WARNS P. 0. Box 1840, Milwaukee, Wis. 53201 Be Sure To Include Zip Code! '.B11111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111i111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111L4 Important Notice E= Paper Money Is A Copyrighted Publication • No article originally appearing in this publication, or part thereof or condensation of same, can be reprinted ▪ elsewhere without the express permission of the Editor. Although your Officers recognize the publicity value to • the Society of occasional reprints, they cannot allow indiscriminate use of the material from PAPER MONEY in E other publications even when condoned by the author. Therefore, authors should contact the Editor for permis- ▪ sion to reprint their work elsewhere and to make arrangements for copyrighting their work in their own names, E if desired. Only in this way can we maintain the integrity of PAPER MONEY and our contributors. W1111111111111111111111unniiiii11111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111I11111111111111111111H111111111111111111111111111111111111111111111111(11111111111111111111111111111111111111111111117 WHOLE NO. 42 Paper Money PAGE 57 Mr. Sanford had soon rounded up $1,500 in notes on the Bank of North America and forwarded the package to the Governor through J. M. Moore and Thomas H. Sharpe. the cashier of the Indianapolis branch of the State Bank of Indiana. who testified that: "Gov. W. appeared to be surprised that the notes were sent to him; spoke of a conversation he had on board a steamboat with Mr. Sandford (sic) in relation to the paper of the Bank of North America. The package was accompanied by a letter; I delivered both to Gov. Wright." The State House in Indianapolis was the scene of a good deal of activity and amateur detective work on the part of some of the State House staff. For example, George W. Brown, who was evidently an aide of some type to the Governor, ominously testified that: . . . I saw three $500 packages of money in the Governor's room; one lot in the hands of Governor Wright, another in the hands of Francis King, and another in the hands of Mr. Tarkington; all were counting money; I understood from the conversation the object was a run upon a bank on the Wabash." At any rate, the Governor wasted no time in acting and sent his law student and boarder, John Tarkington, on a mission. As Tarkington would later recount: "Gov. Wright handed me the $1,500, remarking that there was some money to take to Newport; Governor supposed it was from Sandford (sic) of Cincinnati; told me to take it to Newport, and get the gold; said if the gold should not be paid upon it, I would have to protest from three to five bills. I reached Newport next morning —was referred to Mr. Malone—asked him if he was cashier; he said he attended to the business; I told him I had some paper which I wanted redeemed, and asked him if he would go to his banking house; he wanted to know who sent me—said his banking days were Tuesdays and Fridays; remarked that he would open the next day at ten o'clock. I called at the time appointed—he said he would not pay me a cent—that he knew my object—that he had the money on hand. He was in a sitting room, where there was a safe. Dr. Waterman came over, and we closed the demand fifteen minutes before two; pre- sented and demanded payment of each note separately. I had not the protests printed at the time; they were printed in Terre Haute. Dr. Waterman's charges were 75 cents on each bill—$225. The agreement with Water- man was to pay me about one-third of the fees to cover expences, & c. On yesterday, I placed the notes with the protests in the office of the Auditor of State, where they were redeemed with gold." The House Committee. representing a legislature which was not exactly on the best of terms with the Governor over his ideas about banking, leveled a blast at the chief executive which lacked quite a bit as far as subtlety was concerned. succeeded in casting a temporary reflection upon the value of all Indiana free bank paper, and to be now reaping a very fair pecuniary harvest in a shave of something like five cents on the dollar. It is seriously to be regretted that there should be any in our midst apparently disposed to use undue influences in order to break down and cast odium upon a system of banking now in its infancy in the west, but which is the result of many centuries of financial legislation, and is, probably, the best which has ever obtained in the world. It would appear, however. that the Governor's action did have some shock effect on the heretofore indifferent legislators. The final two paragraphs of the report state that: "It is, nevertheless, the unanimous opinion of the com- mittee that every bank be compelled to redeem its paper upon presentation. Sound policy and due regard to the interests of the people of the State dictate that a suspen- sion of specie payment should not under any circum- stances, be countenanced by our laws. The committee would respectfully suggest that some very stringent provisions are necessary in order to compel foreign bankers to carry on a legitimate banking business within the State. There are doubtless, a number of in- stitutions in the State similar to those which, in the State of New York, are denominated "movable" banks. As subjects for taxation and offices for redemption they will prove almost inaccessible to the people. The com- mittee would respectfully recommend that every bank be compelled to have a regular banking office—to keep said office open a certain number of hours each day—and pay a heavy forfeit or be subject to be put in a state of liquidation by the Auditor, upon failure to redeem its paper." What were the long-range results of this? Indiana Free Banks continued to operate with various degrees of success throughout the 1850's and 1860's until they were overwhelmed by the National Bank Act. Governor Joseph A. Wright continued to fight for stricter legislation and enforcement. if not the outright repeal of the 1852 Free Banking Act. The Indiana General Assembly con- tinued just as stubbornly to vote in pro-paper banking legislation over the Governor's vetoes and pleadings al- though things were tightened up to an extent in 1855 and 1861. And yes, last but not least, the Bank of North America continued in business until 1855. when it finally closed its doors for good. Was the Governor out to make some type of personal or political gain? Was he trying to graphically show a balky legislature the inherent weaknesses of a law in which he had no faith? These are questions which no one can answer for sure. And that. my friends. is what makes our hobby so interesting! ACKNOWLEDGEMENTS AND SOURCES "From the above testimony, it appears that the run upon the Bank of North America, was the result of some sort of an arrangement between certain citizens of the State of Ohio and others of the State of Indiana. What par- ticular object they could have had in view, it is difficult to conjecture, unless, as is most probable, they intended, by throwing discredit upon one of the free banks of this State, to influence the action of the present Legislature upon the system of free banking. Certain it is, no good whatever, has resulted from the course which has been pursued; on the contrary, no little inconvenience has been experienced by many citizens of the State. The brokers of Cincinnati, improving upon the hue and cry raised against the Bank of North America, by their united efforts on the streets and through the public press, appear to have Source: Indiana Finance Pamphlets, volume 1, no. 13 (Indiana State Library binds miscellaneous short mes- sages, committee reports, and other related documents in volumes) Acknowledgement: I would like to express my thanks to the staff of the Indiana State Library, Indiana Division, for their assistance in the preparation of this article, and to Donald Schramm. PACE 58 Paper Money WHOLE NO. 42 Counterfeiting of Early U. S. Legal Tender Notes and Fractional Currency By William P. Koster (Editor's note: When Bill Koster started working on a series of articles on counterfeiting for PAPER MONEY, he felt that they would make interesting reading for members of SPMC from a technical as well as a historical stand- point. Now that the first article is complete and the others are well along, he realizes that the material presented may also have another value to collectors. There is today a modest amount of counterfeit paper money unknowingly in the hands of collectors. This is particularly true of the Legal Tender issues of 1862-63 and of the First Charter National Bank Notes. It is hoped, therefore, that these articles may also help readers to authenticate the material in their own collections as well as notes that they may want to acquire in the future.) Introduction—Counterfeiting in America C OUNTERFEITING is as old as coined money itself.dating back to 500-600 B.C. In the colonial United States, wampum was the first money to be debased, fol- lowed by many of the issues of colonial coins and paper money. Counterfeiting of paper currency, supported by the British, became very widespread during the American Revolution. Issue after issue of Continental Currency, be- coming naturally inflated from the pressure of a wartime economy, was pushed to the brink of nonacceptability by extensive, clever counterfeiting. Hence arose the expression familiar to most of us, "Not worth a Con- tinental." In the 1780-81 era, loans from the French plus shrewd financial juggling at home were the only things that kept the country afloat. In the immediate postwar era, European coinage was largely used in the new Republic. The United States began minting its own coins in 1793, although the quan- tity available for commerce was relatively insignificant for many years. In the early 1800's, paper money then being issued by individual banks and other financial in- stitutions began to circulate again, for the first time since the end of the Revolution. At first, acceptance was largely on a local basis. But by the 1850's, paper money was circulating freely and, of course, counterfeiters were active. While counterfeiting of coinage had taken place in most places in the world, only in the United States did the counterfeiting of paper money reach proportions large enough to have a significant effect on the economy. The paper money of the 1850's was relatively easy to compromise. The banks issuing this currency selected designs from the wide variety of "standards" offered by the many companies that were in the business of print- ing banknotes. Some of the larger institutions had their own designs especially engraved for them. In this period, banknotes were printed from high-quality, engraved plates containing vignettes of prominent historical figures or of contemporary scenes. Before issuing, notes were usually hand-signed by two or more bank officers. This situation presented several possibilities for "mak- ing money," all of which were used with varying success. The quick-money men most often resorted to one of the following: (1) Stealing unsigned notes from an engraving com- pany and forging the bank officers' signatures. No one, except at the issuing bank or possibly at other banks in the city of origin, would recognize a forged signature. Even completely different names could be used if the notes were to be passed in an adjacent city, and no one would be likely to know the difference. (2) Raising denominations of notes by bleaching and reprinting the main value numbers, thus rather easily changing a 5 to a 50 or a 10 to a 100. Since designs were not uniform, such changes were not easily recognized by people who did not handle a lot of paper money. (3) Designing their own currency and having engrav- ings made. Imaginative crooks might even invent the name of a bank in a city 50 or more miles away. After printing notes for a few days, the name of a different bank could be inserted into the plate and more copies run off, thus helping greatly to avoid detection. (4) Engraving diligently and meticulously a copy of a particular note. While it would not be possible to exactly duplicate the original, good engravings usually passed easily if not presented at one of the banks in the town of issue. Several organizations flourished merely by publishing Counterfeit Detectors. These were lists and descriptions of both altered and counterfeit notes known to be in cir- culation. In 1841, for example, three Counterfeit De- tectors were simultaneously being published in Phila- delphia alone. One of these in that year listed 1,727 different counterfeit issues of which the public was to be wary. Men involved in counterfeit detection were also popu- lar lecturers. One was noted to have told this story about a merchant. who. having a ten dollar bill offered to him, had to: First, look at a Detector to ascertain whether the in- stitution is sound. Second, ascertain whether it is an alteration by any of half a dozen processes, either in name or denomina- tion. Third, ascertain whether it is a "spurious" note or totally unlike the genuine issue of the bank. Fourth, ascertain whether it has been made by past- ing together portions of a number of swindled notes. WHOLE NO. 42 Paper Money PAGE 59 Fifth, ascertain whether it is counterfeited by photog- raphy. Sixth, ascertain whether it is a counterfeit by lithog- raphy. Seventh, ascertain whether it is a counterfeit by the legitimate engraving process. In most cases, the purchaser is tired before the mer- chant is satisfied, and the merchant is vexed when the purchaser borrows the Detector to see, likewise, whether the change is not a counterfeit. In 1862, the New York Times issued a compilation showing that out of the 1,389 state banks in the United States which were then issuing paper money, the notes of 1,136 of these had been counterfeited or altered in some way. Out of the 295 banks in New York State alone, only 45 were unaware of their notes having been copied or otherwise tampered with. In that same year, 69 persons were convicted of counterfeiting in the United States, but the fake paper continued to flow. In 1861, within the framework of this hectic back- ground, the United States found itself in a most difficult financial position. This was a post-depression period and the national Treasury cupboard was bare. The Southern States had in the preceding months seceded from the Union. Their action. among other things, cut off from Washington the Southern customs duties which had for years been a major source of Federal revenue. Drastic measures would have to be taken if the United States was to support itself, to say nothing of fighting the Civil War which was then imminent. President Lincoln called the Congress into a special session on July 4, 1861. At this session, the Secretary of the Treasury, Salmon P. Chase. recommended that non-interest bearing notes be issued which would cir- culate as money. This idea was extremely difficult for Congress to accept, as it recalled the ridiculous situation present at that very moment because of the extensive counterfeiting of paper money issued by state banks. It was also a disagreeable idea in view of the Continental Congress' experience with paper money which had been so widely counterfeited 80 years before, causing the Colonies to nearly collapse financially. Following lengthy persuasion and the assurance of Mr. Chase. however. that the new currency issues would be handled and printed with great care to prevent counterfeiting, the plan was adopted. Out of the pressure of wartime financing the United States was again in the business of issuing its own paper money for the first time since the Revolution. From that precarious beginning the United States has developed the most secure paper money system the world has known. I have had a long-range interest in the evolution of the design of our paper money. Like many things, a de- tailed study of design has led to a study of causes for the design and design changes, as well as a study of the effects which these changes produced. Some col- lectors of our paper know that there have been scores of innovations and changes since the issues of the Civil War era. Did you know, however, that many of these changes were caused directly by the wit and ingenuity of counter- feiters? Literally. the designs and design changes and other features of our large-size currency are the "living" evidence of a continual battle between specialists at the Treasury in Washington and slippery ones in attic rooms and basements of printing plants. In order to share part of this fascinating study with other members of SPMC, I am writing four separate articles which I hope to include in consecutive issues of PAPER MONEY. I intend to cover the following ground: (1) Counterfeiting of the early Legal Tender notes and Fractional Currency. (2) Counterfeiting of First Charter National Bank Notes. (3) Counterfeit-proof ( ?) currency designs of 1869, 1874, 1882. (4) The classic counterfeit: The $100 Silver Certificate Series of 1891. Design Features of The First Legal Tender Notes Following the pleas from President Lincoln and Secre- tary Chase. Congress acted on July 16, 1861. to authorize the Federal Government to issue paper money. The first denomination to appear, released in August of that year, was the $10 Demand Note bearing the portrait of Abra- ham Lincoln (Friedberg No. 3). This was followed by the $5 Demand Note and subsequently by bills of higher denominations: $20, $50, $100, $500, and $1,000. The designs of this first issue were hurriedly put together using vignette engravings that had been used for local bank issues and other securities. The American Bank Note and National Bank Note Companies were retained by contract for this work. The first issues, examples of which are now quite rare, were without a Treasury Seal. Notes were hand-signed by employees of the Treasury Department. Subsequent similar issues were imprinted with the United States Treasury Seal and carried en- graved signatures of the Register and the Treasurer. As had been promised by Secretary Chase, this issue of currency contained many security features intended to discourage counterfeiting and/or to make counterfeit. ing easy to detect: (1) Vignettes, consisting of portraits or contemporary scenes, were delicate and detailed. The best avail- able engravers were hired to do this work. Once a particular vignette was completed and accepted by the Treasury, the engraving from the master plate was transferred from one printing plate to another. Hence, the vignette was always exactly the same, an exact copy of the original. As such, since photographic techniques had not been per- fected for engraving purposes, it was impossible to exactly copy an engraved vignette. A mediocre engraver could make a mediocre copy. The best engraver in the world could make a very good copy, having a quality equal to or even surpassing the original. But in spite of excellent quality, a copy of an engraving could not be exact. A comparison of the vignette engravings on a questionable note to a sample note known to be genuine would always show differences. Particular differences, once recog- nized, would then serve as a quick means of posi- tively identifying notes printed from that particular counterfeit engraving. (2) Geometrical lathe work was also and is today a main feature of quality bank notes. This type of en- graving was used primarily for background and con- sisted of drawing a series of fine interlocking lines in the form of circles, ellipses, or other geometrical PAGE 60 Paper Money WHOLE NO. 42 figures. These lines were continuous and could be traced throughout the design, never becoming ir- regular or lost in another line. The geometrical lathes used for this type of engraving background were very expensive and generally not available to counterfeiters. Furthermore, even if a counter- feiter had access to such a machine, the chances of his duplicating the settings used for engraving the particular overlapping pattern he was trying to copy would be very remote. In almost all cases, hand copies of geometrical lathe work were made in the counterfeiting trade. These were crude in various degrees compared to the original, especially when examined at a modest magnification. (3) Parallel ruling for shading and other types of back- ground work was also accomplished by expensive, precise equipment. In contrast, most counterfeiters were forced to do their parallel ruling by hand. They had great difficulty in even approaching the precision of spacing and uniformity of line drawing that was achieved by the engraving companies who had special equipment available. Using essentially the three protective features noted above, the early Legal Tender issues were circulated to the public. The appearances of a single, unified set of designs of United States paper currency changed the complexion of the counterfeiting situation. The inventive counterfeiters had to give up their own designs. Raising denomina- tions was less promising although still tried to a limited degree and with some success. The main thrust of the counterfeiters, however, was to engrave plates either by hand or with crude machinery which would produce their best possible copy of the real thing. This re- quired much effort to complete a single plate, but the potential reward was great since the currency designs were circulating nationally. Before the Civil War was over, the U. S. Legal Tender issues had been widely counterfeited. Fractional Cur- rency, which had been introduced to alleviate a critical shortage of coins, was also widely copied. Today, we may wonder why the fractional denominations were pro- fitable to counterfeiters. But when we recall that a 50c note had more buying power in many respects than a $10 bill today, we can see the justification. (For ex- ample, the average factory worker in this period worked 10-12 hours a day, six days a week for a wage of ap- proximately 12 cents an hour.) The scene of the Revolu- tion was repeated. The integrity of the paper money issues was low both because of the shaky condition of the Treasury and because of widespread counterfeiting. Counterfeiting was not as prevalent as it had been with the state hank issues of the previous decade, but none the less, it posed a very serious threat to the U.S. monetary system. Interestingly enough. the last meeting in official capa- city held by President Lincoln dealt with the counter- feiting problem. Late in the afternoon of April 14, 1865, in a meeting with the then Secretary of the Treasury Hugh McCullough at the White House. counterfeiting was discussed at length. During the conversation, Secre- tary McCullough recommended to the President the formation of the U. S. Secret Service specifically to counteract the counterfeiting of U. S. paper money. President Lincoln was not enthused at first but before the meeting was over he changed his mind. Lincoln's last official words were to the effect: "Go ahead, Hugh, do whatever you think is best." Mr. Lincoln retired to dinner and thence to the Ford Theater where he met his death. (To be continued) Federal Reserve Corner The big news for this time is the appearance of the $1 F. R. notes overprinted on the new COPE equipment. Notes from three F. R. districts have been released as of March 10. 1972, and others will follow. The follow- ing notes were all processed (overprinted) from selected stock at the Bureau, and were NOT checked after the overprinting: B 31 360 001 B through B 37 760 000 B B 42 880 001 B through B 99 999 999 B B 00 000 001 C through B 37 120 000 C E 57 600 001 B through E 67 840 000 B L 92 160 001 A through L 99 999 999 A L 00 000 001 B through L 12 160 000 B From the few notes seen at this writing, there seem to be slight printing differences between the equipment used, but the Bureau promises there will be uniformity in production! However, it would be well worth the effort to obtain examples from these early (and experi- mental type) printings while they are available. At this writing all of the Series 1969 A star notes have been reported, and while some are still in short supply, they should be obtained (remember there were none from Dallas District). All of the Series 1969B stars have also been reported and should soon be avail- able. These will, of course, be replaced by the new Series 1969C notes which will start appearing in May (first from the Richmond district). Serials are to con- tinue in sequence and not start back at "I" as has been the case in some instances. The Series 1969B can be reported in the following blocks: Boston A New York ABC Philadelphia A Cleveland A Richmond AB Atlanta AB Chicago ABC St. Louis A Minneapolis A Kansas City A Dallas A San Francisco AB Your reports of new suffixes and items of interest for this corner will be appreciated. Thanks for your letters and assistance. Nathan Goldstein, II P.O. Box 36 Greenville. Miss. 38701 SPMC at 'rNA Vice-President Robert E. Medlar reports that an in- formal luncheon of SPMC'ers attending the Texas Nu- mismatic Association's annual convention in Dallas was held on Saturday, April 15th. Some 15 members includ- ing Past President Tom Bain and Past ANA President Matt Rothert discussed the future of the hobby and en- dorsed the 50c fractional currency piece to commemorate the nation's Bicentennial in 1976. 41, /,',/zi';',"//‘ 7,/,' 7 Z1.1 ,114 «A/ Mfg/ :MIIIJAVAVA Polt 1%.1EN9A.0 MN/S11111MP 41. VI.II LANCIA IA L3i18109 Ft•-• n 1'01675 WHOLE NO. 42 Paper Money PAGE 61 Peru's Modern Banknotes By Yasha L. Beresiner Editor, International Bank Note Society 500 soles bank note, 1879 CONSIDERING the amount of thought and work thatis put into the creation of today's banknotes by the world governments, it is my opinion that too much stress is placed by collectors on older issues. As much historical knowledge may be derived from depictions on modern paper money as from the circumstances under which the older ones were issued. If one adds some personal experience which directly relates to the ac- quisition or the knowledge of the notes. dates become almost irrelevant. The earliest recorded Peruvian notes were issued with the sanction of the Office of the Ministry of Finance of San Martin by the Banco de Papel Moneda, on January 31, 1822; from that date several banks issued notes under their private capacity. Outstanding among these was the Banco de Trujillo, the first bank outside of Lima to issue its own notes which, with the remain- ing banks, was forced to close its doors in 1880 as a result of the raging inflation that followed the War of the Pacific. The government at this time had already undertaken the hacking of private issues, and a year earlier had for the first time put into circulation its own notes. Headed "la Republica del Peru," the notes are dated Lima 30th June, 1879 issued by the laws of 27th Janu- ary and 4th February, 1879. The twentieth century saw the end of private bank issues although a brief period of revolution led to the circulation of the Cervanteros notes in Iquitos in 1922, and a number of companies and farms distributed internal money. The "Banco de Reserva del Peru," formed in 1922, issued notes in the "libra" denomination until 1926, when the bank acquired the name it pre- sently holds, "Banco Central de Reserva del Peru," and issued the "soles" notes. No other issue sources exist after this date. The subject matter of this article began on a Wednes- day evening in June, 1968, when the Peruvian artist. Prof. German Suarez Vertiz, and Dr. Jose Antonia del Busto of the National Academy of History were sum- moned by President Bellaunde to attend a meeting at the Ministry of Finance. This was followed by a con- centrated amount of work over a period of six months at the end of which proposals for new Peruvian bank notes were presented to the Ministry for approval. The first issue of these notes, pre-dated February 23, 1968, entered circulation towards the end of that year. As a result of administrative changes in the Central Reserve Bank, a second issue was put into circulation in June, 1969, the only difference from the earlier issue being that two signatures alone instead of three now appeared on the notes. The specially formed committee led by the historian Dr. J. Antonio del Busto had chosen, for the obverse of the notes, portraits of personalities that had played an important part in Peru's history. These were to cover, in chronological order, a period ranging from the Inca Empire and up to the Chilean War at the close of the last century. The reverses of the notes were to depict sites and events of national importance. G. Suarez Vertiz, charged with designing the chosen effigies, is a charming, eccentric young-hearted old man. Born in Lima at the beginning of this century, he was the Director of the "Escuela Nacional de Bellas Artes" until 1956 directly under the supervision of the Minister of Public Education. He was instrumental in the re- organization of this famous institution, having spent the better part of half a century dedicating himself to teach- ing modern art. He was also a professor at the National Pedagogic Institute, "Bien del Hogar." At present he runs his own art school which has become renowned and his exhibited works have been acclaimed by art critics the world over. Dr. Suarez's expertise lies particularly in the study of facial features of the natives of his country, and these paintings, among many others, were purchased by the PAGE 62 Paper Money WHOLE NO. 42 100 soles note of Banco central de Reserva del Peru University of Paris after being exhibited throughout France. Other works of his are on permanent exhibit in the National Museums in Peru and abroad. I enjoyed long conversations with him and the originals reproduced here were a gift on his part. They do justice to a great artist. All the notes are the same size. 6" x 2 5/8 ", and all bear on the obverse the Peruvian national emblem. com- prising the llama, representing the animal kingdom, a tree, representing vegetation, and a horn filled with coins. representing the mineral kingdom. ORIGINAL DRAWINGS FOR THE VIGNETTES AND THEIR SIGNIFICANCE Inca Pachacutec Inca Pachacutec, ninth in line to Manco Capac, came to power when the Incas, who had been leading a tranquil life, were threatened with annihilation by the Chancha tribe in 1438. With his two brothers, Pachacutec had been disinherited by his father, Inca Varachoca, and the bastard son Urco was named successor, but Pachacutec's brilliant defense against the Chanchas established him as the new Inca leader. This was the turning point in Inca history. In the next 50 years the Incas multiplied to form the greatest empire that the American continent was to know. Pachacutec, defiant, powerful and seem- ingly stubborn, is considered by modern historians to have been an administrative genius. His political and military organization and achievement, emulated by his successors, left the Spaniards in awe when they conquered the con- tinent in 1532. The intricate social pattern and stupen- dous urban development had even surpassed the fast de- veloping European continent. The loyalty of his soldiers, the taxation system, the rapid development of communica- tions in the vast empire, and the utter dependance of the Inca's subjects on their Sun King were finally to facilitate the Spanish conquest. Pachacutec died in 1471, having passed on the royal leadership to his 18-year-old son, Tupac Inca. Pachacutec had started such a dynamic period in Inca history that within a half century the empire comprised an area in excess of 380,000 sq. miles within which the boundaries included modern Ecuador, Bolivia, Peru, and Northern Chile. Pachacutec's portrait, with the large earrings, symbol of Inca status which caused the first Spaniards to refer to them as "big ears," appears on the right hand of the green-colored 5 soles note. On the left side are two "keros" vases and an "aribalo." Both sides of the ob- verse are vertically decorated with typical patterns of Inca textile. The last square at the bottom of the right hand side depicts a complete Peruvian "Poncho," still popular today. On the reverse of the note appears the Fortress of Sachsahuaman, the Inca strong-hold that ". . . marvels and amazes the most sceptical and unbelieving." Built near Cuzco, in about 1440, this site still puzzles arche- ologists and engineers alike who wonder how human be- ings to whom even the wheel was then unknown could have constructed such an imposing structure. Inca de la Vega The red 10 soles note depicts on the right side of the obverse Garcilaso Inca de la Vega. On the left is Gar- cilaso's house, now a museum in Cuzco; the reverse shows Lake Titicaca on the Bolivian-Peruvian border and from where the First Inca, son of the Sun, is said to have descended unto the earth. Garcilaso Inca de la Vega, popularly referred to as "El Inca," was a classical "mestizo" born to an Inca princess, Isabel Chimpu Occlo, and the well-known Spanish navigator, Hidalgo. Several years prior to Garcilaso's birth in 1539, his father had been the Governor of Cuzco, Garcilaso's birthplace. The mixed blood that ran through his veins, that of a "conquistador" on the one part and the noble blood of royalty on the other, led him through a period of great conflict in his life. He exalted the greatness of men like his father but vehemently defended the traditions of the indigenous kings of Peru. On his father's death, at the age of 20 Garcilaso left for Spain never to return; he took part in a number of Spanish military expeditions, most outstanding among them being the one to Florida early in the 17th century. Soon thereafter, he settled in Spain and took up the composition of "Los Commentarios Reales"—Royal Com- mentaries—which today stands as an unsurpassed work tracing through Inca history. With true fairness to the Spaniards, though attributing a rather Utopian way of life to the Incas, Garcilaso wrote the book some 40 years late—based solely on notes and memory. Consequently he was not particularly reliable with facts and details, but his works were well above the standard of any con- temporary writer and were used as a basic source for later writings. Prior to the Commentaries, Garcilaso had had published a number of other works which stand in their own rights as major literary achievements of that period. His "La Florida del Inca," dealing with the ad- ventures of Juan Ponce de Leon and Hernando de Soto, and the translation of Abrabanels's "Dialogue of Love" from Spanish to Quechua—the Inca language still in use today—are respected milestones in Spanish literature. sAimi CENTRAL DrRESERVA DEL PERIL : CINCO SOLES OE ORO Inca Pachacutec on 5 soles note WHOLE NO. 42 Paper Money PAGE 63 Inca de la Vega died in 1616, the same year as Shakes- pere and Cervantes, and is hailed today as no lesser writer of a historically glorious past. Dr. Suarez Vertiz, the artist, expressed great displeasure at slight "adjustments" that the art department of Thomas de la Rue found necessary to make to his paint- jugs before printing; he feels, for example. that a great deal of depth has been taken away from the painting of Lake Titicaca (as reproduced here) by the addition of a boat to the background of his design. All of the notes have had some adjustment or other, and Dr. Suarez repeatedly emphasized that this initiative had not been granted to Thomas de la Rue, which was only to 1/1 .1j4 iALL111,1411444i./..r ltd jj* - 1184462979 E L 7kBANCO CENTRAL DE RESERVA DEL PERUJ' evvi,Azie.+7 D1EZ SOLES DE ORO PAGE 64 Paper Money WHOLE NO. 42 Lake Titicaca on 10 soles note Inca del la Vega on 10 soles note select a color range for the notes and reproduce them on the notes as submitted. Tupac Amaru The Peruvian revolution being undertaken by the Military Junta that took over from the Bellaunde govern- ment has as its central figure and national symbol, Tupac Amaru II. Jose Gabriel Condorcaqui, Marquis of Oropesa, born in 1742, was a direct descendant of the Incas and assumed the name of his famous ancestor, Tupac Amaru, just before rising in rebellion against the Spaniards in 1780. With some reluctance he accepted the leadership of the oppressed Indians and became the last leader to unite the Indians against the Spaniards. His short rebel- lion and defeat in 1781 was the last chance that the Indians had to bid in Peru's favour. Paper MoneyWHOLE NO. 42 PAGE 65 Tupac Amaru on 50 soles note Tupac Amaru II, when captured, was cruelly executed as an example to future would-be rebels. Based on the initiative taken by the ruling Spanish viceroy, his family were publicly tortured in his presence, his tongue was then cut out and he was tied by his limbs to four horses that were driven in different directions. Tradition has it that Tupac Amaru was able, by sheer strength, to prevent the horses from tearing him apart, and was con- sequently beheaded. The barbaric treatment and murder of Tupac Amaru had not received royal consent and the viceroy concerned, on whose initiative this event took place, was heavily reprimanded on his return to Spain. No consolation to the Indians! On the left hand side of the obverse appear two stone workers; the reverse depicts the historical village of Tinta, the spot from where Tupac Amaru began the last of the Indian revolts. t TPAC AM RU II tit! G39 705304 Dr. Unanue on 100 soles note PAGE 66 Paper Money WHOLE NO. 42 Dr. Unanue is given credit for being the only forcing influence that rectified the situation and initiated a new scientific era The medical sciences in South America during the 18th in the continent. A scientist, philosopher and economist, century were almost non-existent. Dr. Hipolito Unanue he was born in 1755, and was the youngest professor to IIANCO CENTR/U. DrRESERVA DEL PERU 200200 ma (16 219918 0•CUM° COr 1 ()ROAN A 06 219918 ,p-Amr:,:ri ee.mer•one.erprwme ,Im: _ , • - WHOLE NO. 42 Paper Money PAGE 67 Gen. Castilla on 200 soles note I A.10N I \ teach at the University of San Marcos. The first anatomi- cal theatre in South America was established by him in Lima in 1792, and in 1811 he was instrumental in the founding of the medical school of San Fernando, whose fac- ulty bears his name. His major achievement in the medical field is considered to be the introduction of European literature and medical techniques to Peru, but he became equally well known for his activities during the indepen- dence period as a politician. Of interest to numismatists— particularly paper money collectors—is the period when Unanue acted as Minister of Finance and established, because of the war, the "issuing bank"—Banco de Emi- sion—in 1822; this institution issued the first Peruvian paper currency. He died in Lima in 1833, a versatile personality whose contributions to his country were im- mense. The left side of the obverse shows stevedores at work, while the reverse depicts the Church of "La Caridad," where the first National Congress was held in 1822. The church was later destroyed and the present Congress building was established on the same spot. ' UINIENTOS SOLES DE ORO OE ACIAROO COW HU OROA . L22 701612 ,.r.C.60P::.1fo;e1;:viitt- _ 'n CENTRAL DE RESEW% DEL PERtir L 22 701612 PAGARA AL PORTADOR Pierola on 500 soles note PACE 68 Paper Money WHOLE NO. 42 Gen. Castilla General Ramon Castilla is among the most popular heroes of Peru. Born a "mestizo" in Tarapaca, Southern Peru, in 1797, he had a long and successful military and political career behind him when he was elected consti- tutional president for the first time after the battle of La Palma in 1855. At the battle of Ayachuco, the all- important battle that consolidated Peru's independence in 1824, Castilla served as a 27 year-old staff officer under Sucre; he had already taken part in other important battles and had been held prisoner on separate occasions by the enemy. The result of the Anachuco battle was to allow Castilla to enter the political scene as one of the self-styled field marshals who found the nation in a state of boiling anarchy. This small man, with his pierc- ing and fierce eyes and a projecting lower lip, dominated the Peruvian political scene for 20 years, first coming into prominence as one of the "Guano millionaires"—when he monopolized, for the State, the rich nitrogen excrement of sea-fowl, allowing for export which brought temporary prosperity to the country. During this period of semi- dictatorship, when the "in" people were making huge profits and the State treasury was well stocked, Castilla put an end to the special taxes imposed on the Indians, abolished negro slavery, rid the country of church courts and tithes and greatly improved the educational institu- tions by building schools and raising teaching standards. Though this period of relative prosperity was not per- manent and a relapse was to occur before the completion of his political activities, the rule of the benevolent Marshal is considered to be a golden era in Peruvian history. Castilla was a great President who reformed the country and solidified its economic standing among the nations of the continent. Castilla is the only personality whose portrait has appeared on Peruvian coins—the 5, 10 and 20 centavos of 1954. Castilla's contribution to Peruvian numismatics is the fact that he was responsible for having Robert Britten brought from London to Lima to become the die sinker of the Lima Mint. So thereafter the coins with the "sitting Liberty" were issued and were strikingly similar to the "Britania." The left-hand side of the 200 soles notes shows fishermen at work, and the reverse depicts the "Amazonas" vessels. This was the second vessel purchased by Castilla as president, in accordance with his policy that "for each single ship purchased by Chile, we must buy two." The "Amazonas" complemented the "Rimac" which was purchased a few months earlier. The Lima mint was established in 1565 by decree of the Spanish monarchy. The first coin was minted in the same year. Although the building shown on the note is the present Mint, it is not the original one, which was destroyed. The new one was erected on the same site after independence. The Peruvian Numismatic Museum is housed on the same premises. Pres. de Pierola Nicolas de Pierola, the "Romantic Rascal," was Presi- dent of Peru on two separate occasions. He is renowned for the fact that he obtained the presidency for the first time during the Chilean War in spite of his definite lack of military knowledge. He was not politically scrupulous; he almost led the country to bankruptcy when he acted as Minister of Finance under Balta. His or- ganisational prowess was evident, but his efforts were to no avail in Peru's defences against Chile; he finally fled to Europe when Lima was taken by the enemy. In politics he stopped short of nothing to achieve his ambitious aims. As leader of the Democrats after the war, Pierola called himself the "liberator of the Indians" in efforts to gain popular support, and he was able to march into Lima, defeat President Carceres, and be elected for a second term of four years on July 8, 1895, backed and supported by land owning and professional classes. His eccentric ways and exhibitionist tendencies showed themselves in the numerous gaudy parades and splendid uniforms that were worn by his entourage, and this contributed to his popularity more than one would have expected. His greatest achievements for Peru came in the last year of his presidency when major reforms were successfully carried out and a period of intellectual ferment and some prosperity settled on the country. His great contribution, however, was the formation of the Democrat Civilist coalition that ruled Peru, in relative quiet, for the next 35 years. For the collector it is interesting to note that Pierola created the "Inca," which were meant to be gold coins, but were only issued in small quantities of silver and huge quantities of paper. His second attempt, with the "libra," instituted as a gold-backed currency, was far more successful and lasted for an extended period of time at a par with the pound sterling. The brown 500 soles note depicts on the left hand side four construction workers and on the reverse the Lima mint. Col. Bolognesi and Machu Pichu The first and only 1,000 soles bill issued in Peru was the present one, the first issue of which had a spelling mistake in the name of BOLOGNESI, under the right hand portrait ; this was spelt with a tilde over the G and was rapidly withdrawn. The notes are not easy to come by. The corrected note depicts Colonel Francisco Bolognesi and Miguel Grau on the obverse and a land- scape of Machu Pichu on the reverse. The note is coloured bordeaux. Patron hero of the Peruvian army in the Chilean War, Bolognesi was commanding colonel of the infantry de- fending Lima. His words when asked by the Chileans to surrender have now become classic: "I have sacred obligations to fulfil, we shall not surrender, we shall fight \ A( I it 3-P1C( 1 I'_ Machu-Pichu on 1,000 soles note WHOLE NO. 42 Paper Money PAGE 69 to the last cartridge. . . ." These words were uttered in the defense of Arica, southern Peru, where Bolognesi met his end under cruel and gruesome circumstances. Other famous militarists lost their lives in this battle and Arica fell without one Peruvian retreating. The first hero of the Chilean War, Miguel Grau, com- mander of the "Huascar" vessel, was successful in pre- venting the early invasion of Peru by the Chileans. He sank the Chilean blockading corvette "Esmeralda" by ram- ming it, continuously harassed the Chilean coast line, making occasional raids on its ports. Trapped in his vessel, Grau died when a shell exploded inside the conning tower. The sister ship "Union" was able to escape. This incident, on October 8, 1879 marked the Peruvian defeat by Chile and the end of the bitter and humiliating war. The precise origin of Machu-Pichu, the lost city of the Incas, is still a mystery that baffles the modern world. Discovered in 1911 by the Yale Professor Hiram Bingham, Machu-Pichu has been thought to be the summer capital of the Inca rulers, or possibly a retreat for the virgins dedicated to the sun; the fact is that Machu-Pichu is considered the most important, if not wonderous, site in South America. Palaces, adqueducts, observation towers and over a hundred stairways containing 3,000 perfectly fitting stone steps are a part of the "work of art that surges from the harmonic unity of architecture and earth." Books and history on Peru are abundant and make fascinating reading. That so much of it can be found displayed on the modern set of the country's banknotes is a tribute to a proud and patriotic people. Literature in Review Hewitt-Donlon Catalogue of United States Small Size Paper Money by Willim P. Donlon, James Grebinger (error section), Lee F. Hewitt and Nathan Goldstein II (coordinator of pricing). 8th annual edition, 1972. 168 pp. illus. Soft cover. Hewitt Bros., 7320 Milwaukee Ave., Chicago, Ill. 60648. $1.50. Are you looking for a Kansas City Barr star note? Or a Dallas Kabis/Kennedy star note? Or a series 1953C $5 silver certificate? If so, you should consult this catalog and find that none of the three was ever issued, although over 90 million of the latter were printed. Most collectors of U. S. small-size paper money have used one or more of the earlier editions but only by having this new one can they be sure of having the latest data on recent issues and prices of all six classes ever issued. Price changes, as compared to the previous edition, are not numerous but some are quite pronounced. Among those noted are the rarer National Bank Notes, the 1933 $10 Silver Certificate ($1500 to $2000 unc.), some of the rarer error notes and practically all uncut sheets. The addition of four pages to the catalog was due al- most entirely to new listings and data of recent issues resulting from the change of the Treasurer's name from Elston to Kabis and the change of Secretary from Kennedy to Connally. Quite a few changes were made in data on the National Bank Notes, attributable to the information published in The National Bank Note Issues of 1929-1935 compiled by SPMC and printed by Hewitt Bros. (Continued on Page 87) PAGE 70 Paper Money WHOLE NO. 42 Some Notes on Early Kansas Banks (Refer to PAPER MONEY No. 36) By S. K. Whitfield ATCHISON CITY OF ATCHISON : The Kansas State Historical Society (KSHS) has a photograph of a note with the 10c denomi- nation printed rather than written. There are no vi- gnettes on the note, and it is signed by the Mayor and the City Treasurer. DELAWARE CITY DELAWARE CITY BANK: Although the notes on this bank probably refer to the town that existed in Leavenworth County, there were several other towns in Kansas Ter- ritory called Delaware or Delaware City. The History of Leavenworth County, Kansas, written by Jesse A. Hall and Leroy T. Hand. includes some information about the Delaware City which stood south of the city of Leaven- worth. Although the early inhabitants and their occupa- tions are listed, there is no mention of any banker. These notes may have been "wildcat notes," or this bank may have been located in another Delaware City. FT. LEAVENWORTH / LEAVENWORTH CITY The first banker in Leavenworth to conduct business was one C. P. Bailey from Ohio. Bailey's bank opened in June or July of 1856. Mr. Bailey was not particularly suited for the "wild west" and when the city took on a lawless atmosphere in the fall of 1856, the bank was closed and Mr. Bailey went back to Ohio. The first legitimate bank, which opened in a building built as a bank, was that of Isett-Brewster and Company of Des Moines, Iowa. This bank later became Scott, Kerr and Company and finally the First National Bank of Leavenworth. (See Leavenworth notes #6 and #7 in No. 36) MERCHANTS BANK (Ft. Leavenworth) : These notes were printed and circulated as part of a deliberate swindle. The perpetrator of this hoax was one Lucien Ayer of Plaistow, New Hampshire. Mr. Ayer did travel to Leavenworth in the fall of 1854, but he had no intention of establishing a bank there. Most of these notes were passed in Boston and New York. This "early Kansas banker" wound up in jail at Exeter, New Hampshire, where he served time for an arson conviction. The short but complete story of the "Merchants Bank" is included in two newspaper articles of the Kansas Weekly Herald, Leavenworth, Kansas Territory, dated Nov. 10, 1854 and Jan. 19, 1855. Although the first article referred to the "Merchants and Farmers Bank of Ft. Leavenworth" as the bank which was to be established, the fact that Lucien Ayer was to be president with E. W. Raymond as cashier clearly indicates that this is the so-called "Merchants Bank" as stated on the notes. The article published in January exposed the fraud and quoted a Boston newspaper con- cerning Ayer's incarceration in New Hampshire. THE DROVERS BANK (Ft. Leavenworth and Leavenworth City) : These notes were apparently produced for the same purpose as those of the "Merchants Bank," in that there is no evidence that this bank ever existed and some evidence that it did not. H. Miles Moore, an early Leavenworth historian, wrote, "If these bills [Drovers Bank Notes] were in circulation here, [Leavenworth] I do not call it to mind, nor do I remember that such a bank was located here." Mr. Moore wrote this in the early 1900's as he was compiling the banking history of Leaven- worth which he had lived through! It may be a coinci- dence that these notes and the "Merchants Bank" notes were printed by the same firm, that of W. L. Ormsby, New York. The fact that these notes were bogus would account for their relative availability compared with most other Kansas notes. JUNCTION CITY STREETER & STRICKLER: The KSHS has photographs of 25c and 50c denominations of note #3. The description and dates are identical and therefore these notes should be added as Junction City #4 and #5. LAWRENCE ELDRIDGE BROS. : The reason for these notes is apparent- ly as follows: S. W. Eldridge, the hotel proprietor, was one of the "corporators" of The Lawrence Bank author- ized by the territorial legislature in 1858. The bank was slow getting organized and in fact did not open until May of 1860, over a year after its charter had expired. There was little money with which to transact business in Kansas Territory at the time and Mr. Eldridge grew tired of waiting for the bank to open, so he had his own notes printed. Lawrence note #5 ($2.00) is exactly like #2 and #3 except for denomination. LAWRENCE BANK: This bank was in the process of liquida- tion at the time of Quantrill's raid, with the cashier doing an exchange business only. The bank did not reopen after the raid. There were two different men named Smith that served as cashier for the Lawrence Bank. S. C. Smith apparently was the first and his signature is readily discernible on the notes, i.e. the first initial is identical to the S in Smith. The KSHS has a note that appears to be signed by E. A. Smith, i.e. this signature is entirely different from that of S. C. Smith. Mr. William Simpson and Mr. E. A. Bullene, Lawrence pioneers, both recalled in 1915 that E. A. Smith had been cashier at the Lawrence Bank. Also, early advertisements for the National Bank of Lawrence list one E. A. Smith as cashier, and it appears likely that this is the same indi- vidual following a career in banking. WM. H. R. LYKINS, BANKER: William Lykins and Carmi William Babcock established the first real bank at Law- rence in 1857. Mr. Babcock sold his interest to Mr. Lykins (probably in 1860 or 1861), and the bank continued to operate. The bank was destroyed during the raid of 1863, but Mr. Lykins' home and money were spared. The bank was reopened after the raid and in 1865, Mr. Lykins obtained a national charter and organized the National Bank of Lawrence, where he became first vice- president. No reliable mention can be found of the pri- vate bank after 1866, and it would appear that this bank ceased operations after the National Bank opened for business in January, 1866. Mr. Granger's thesis, written in 1915, stated that the KSHS had in its possession a FIVE CENT note on the Bank of William H. R. Lykins, number 1292 and dated December 30, 1862. A search was made at the Historical Society archives but the note could not be located. In years past, notes were traded and it is likely that this note was either traded or mis- placed. In any case this note should be added to the listing as Lawrence #A11. Note #11 on this bank is printed in light green ink. M. NEWMARK & Co.: Myer Newmark came to Lawrence in October, 1864, and opened a dry goods business. In later years he became associated with the Merchants Na- tional Bank of Lawrence and was president of their af- filiated savings bank until around 1920. Mr. Newmark remained in the dry goods business until he died. REDWING BANK: The Eric P. Newman Numismatic Edu- cation Society has a $3.00 note on this bank that appears to be signed by E. H. Crum. SIMPSON BROS. BANK: This bank operated continuously from its founding in 1858 until it went into voluntary liquidation on December 10, 1877, except for TWO short B62 891 003:-- 226a D49 612 530:— 226a "E" Block 226a H88 849 767:— 227 M19 212 122:— 228 "N" Block 228 R61 239 435:— 228a Block 228a "U" Block V10 795 714:— 229 237 431B 229 Y21 238 057:— 229 Block 230 2 067 310B 230 Z71 281 883:— 230 201-20-T2 201-20-T2 201-20-T2 201-21 201-22-T1 201-22-T1 201-22-T2 201-22-T2 201-23 201-23 201-23 201-24 201-24 201-24 WHOLE NO. 42 Paper Money PAGE 71 periods. The bank was closed for about one week follow- ing Quantrill's raid so that a temporary structure could be erected to replace the burned building. The second period was for about four weeks in October and November of 1864, during Confederate General Sterling Price's raid into Missouri and subsequent retreat through Kansas. Mr. William A. Simpson was president during the entire existence of the bank. Mr. C. C. Banner, only known signer of the obsolete notes of this bank, remains a mystery at present, as I have been unable to find any reference that mentions his name. MANHATTAN LEWIS KURTZ: The KSHS has a photograph of a five-cent note, dated January 31, 1863, on Lewis Kurtz. The note is identical to Junction City #3. Both Manhattan and State of Kansas are rubber-stamped on the note. The note was printed by Doty and McFarlan, New York, and is unsigned. This note should be added as Manhattan #7. REFERENCES 1. Early History of Leavenworth City and County, H. Miles Moore, 1906 2. The History of Leavenworth County, Kansas, Jesse A. Hall & LeRoy T. Hand 3. Paper Money Vol. 9, No. 4, Whole No. 36, 1970 4. Newspapers, bank notes and other archives material from The Kansas State Historical Society Library at Topeka and The Spencer Memorial Library at The University of Kansas at Lawrence. 5. Lawrence City Directories for 1860 & 1866 Master's thesis, "Some Chapters in the History of Banking in Kansas," Marshall A. Granger, May 15, 1915. University of Kansas, Lawrence (unpublished) 7. Doctoral thesis, "A Century of Commercial Banking in Kansas, 1856-1956," Wayne D. Angell, May, 1957. University of Kansas, Lawrence (unpublished) 8. Correspondence—Eric P. Newman Numismatic Education Society and others Block Number Additions, 1899 Certificates By Robert AS a result of the first articles on the block num-bers in PAPER MONEY No. 39, many additions are listed below to show the run of the block numbers, the early stars, and the possible existence of changeover pairs. A very generous list came from Mr. Gordon W. Mills, complete with plate numbers. Mr. Frank A. Nowak supplied the numbers and the plate information on notes that have passed through his hands, since he has kept records over a period of years. Mr. W. A. Philpott came through with a list two weeks before his death. Serials and varieties known to exist as outlined in the first article are not repeated. If the same block numbers are listed again, it is to verify the block, quote plate numbers, or to indicate the possible mixing of varieties in the same block. H. Lloyd are discovered. The most that block number collectors can do, therefore, is to try to represent each signature variety in the block. This is a task that will provide a real challenge to the serious collector. Much information in old auction catalogs is of scant value due to the omission of the block letters when serial numbers are quoted by the cataloguer. In the old days no significance was attached to the blocks. The appeal of odd numbers, cyphers, low numbers, palindromes, re- peating digits, etc. was of more importance. But these, of course, re-occur in every block even to this day. The late numbering of sheets from obsolete plates provides us with some real rarities, many of which were not recog- nized by their previous owners in the past. At this late date it is very unlikely that further change- over pairs will come to light, unless some new hoards FIRST SERIAL RUN, Block # Fr. # Donlon # A82 519 319:— 226a 201-20-T2 1899 CERTIFICATES Face Back Signatures Plate Plate Reference L - R 932 906 (1) Verifies Second Block L - R 1702 1161 (1) L - R 2200 1365 (1) L - R 2500 Highest seen (2) L - T 3508 1740 (1) V - T 3746 1802 (1) V - T 4002 Lowest seen (2) V - T 5047 2648 (1) V - T 5362 Highest seen (2) Perlmutter, Nowak- "do2s not exist" V - M 5646 3035 Verifies (1) V - M Early Star (2) V - M 6708 3242 Verifies (1) N - M Verified (4) N - M Second Star Block (2) N - M 7569 3439 (1) Signatures Lyons-Roberts Lyons-Treat Vernon-Treat Vernon-McClung Napier-McClung SUMMARY—FIRST SERIAL Known Blocks Verified -:, A, B, D, E H, K M, R, T V, X, Y, Star Y, Z, Star RUN H, K E, M V Unreported Blocks (Possible) PAGE 72 Paper Money WHOLE NO. 42 Total Blocks verified 17, possibles-6. In addition Fr. 226 may exist on "A." Fr. 226a may exist on first block Fr. 228a may exist on "N," etc. If true Trea- sury economy prevailed then, as in later years, the Bureau could have used the old plates until worn out. Hence late blocks may exist. The possible blocks, if found, will be rarities. It is too early to establish the scarcity of the other blocks. Probably no large hoards exist today of this early run. From the star numbers recorded, the number held by collectors must be very small indeed. SECOND SERIAL RUN, MATCHED LETTERS Block # Fr. # Donlon # A83 602 722A 230 201-24 B11 952 582B 230 201-24 "D" Block 231 201-25 E17 941 501E 230 201-24 3 001 374B 230 201-24 H 8 241 923H 230 201-24 K58 547 437K 232 201-27 3 519 989B 232 201-27 M35 261 089M 232 201-27 M63 720 812M 232 201-27 N99 047 671N 232 201-27 Block 232 201-27 R89 406 152R 233 201-28 6 560 648B 233 201-28 U22 049 559U 233 201-28 U88 558 640U 233 201-28 V58 210 483V 233 201-28 V84 713 902V 233 201-28 X91 696 169X 233 201-28 9 163 350B 233 201-28 Back Plate Reference 3653 (1) 3693 (1) Low face seen High face seen (2) 3858 Verifies (1) 3858 (1) 3819 Verifies (1) 4085 Face plates start over (1) (2) Verifies (3) 4335 (1) 4411 Verifies (1) High face seen (2) 4468 (1) (2) 4863 Verifies (1) Only "U" Block (2) 4788 (1) (3) Verifies (2) 5340 (1) Face Signatures Plate N - M 8184 N - M 8397 N - T 8594 9026 N - M 9251 N - M 9280 N - M 9728 P - B 289 P - B P - B 675 P - B 925 P - B 1510 P - B 1244 T - B 2025 T - B T - B 2983 T - B 3651 T - B 4025 T - B 4391 T - B 5235 T - B 6222 Signatures Napier-McClung Napier-Thompson Parker-Burke Teehee-Burke SUMMARY—SECOND SERIAL RUN Known Blocks Verified A, B, E, H, Star D, Star K, M, N, R, Star R, T, U, V, X, Y, Z, Star Unreported Blocks (Possible) H D, K Total blocks verified 20. Possibles 3. The "D" block calls for further research. Since no high numbers are known, this may well represent an incomplete block. Judging from the run of the observed plates used to print these notes, a large number were (1 I either never used and canceled, or (21 the numbers assigned to these plates were invalidated. and the plates were not all made. Some 432 plates are indicated from the plate numbers seen. We have had recent reports of reversions in plate num- bers from the Bureau. so notice above that plates 9251 to 9728 were reversions to the previous Napier-McClung combination. Since Mr. Thompson resigned to take an- other post, Mr. Burke may not have been confirmed. and the remaining Thompson plates were canceled. 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 denominaticnals, Kirtlands, topicals ; Colonial, Continental ; GSA, Southern States notes and bonds. Also have duplicate Western rarities for advantageous trade. JOHN J. FORD. JR. P. O. BOX 33, ROCKVILLE CENTRE, N. Y. 11571 WHOLE NO. 42 Paper Money PAGE 73 THIRD SERIAL RUN, Nor COMPLETED Face Back Block # Fr. # Donlon # Signatures Plate Plate Reference B 2 587 084A 233 201-28 T - B 6557 5474 Verifies (1) D12 687 212A 233 201-28 T - B 7135 5674 (1) D93 138 142A 234 201-29 E - B 249 5906 Face plates start over (1) * 12 940 786B 234 201-29 E - B (2) `E" Block 233 201-28 T - B 7355 High face seen (2) 6306 High back seen. E16 836 168A 234 201-29 E - B 100 5896 (1) E36 716 691A 235 201-30 E - W 192 (2) E89 105 956A 235 201-30 E - W 134 482 Back plates start over (1) 12 666 839B 235 201-30 E - W (2) K88 352 936A 235 201-30 E - W 1209 Change-over Pair (2) K88 352 937A 236 201-31 S - W 268 M 12A 235 201-30 E - W 810 524 Verifies (1) 1209 High face seen (2) M77 262 313A 236 201-31 S - W 741 Verifies (2) M99 871 045A 234 201-29 E - B 143 6049 A Late E-B (1) N28 166 813A 235 201-30 E - W 63 6037 Old back (1) N47 076 557A 234 201-29 E - B 216 5948 (1) N78 059 309A 236 201-31 S - W 1326 2168 (1) N81 311 233A 234 201-29 E - B 175 A very late E-B (2) 15 408 285B 235 201-30 E - W 1042 1155 (1) R 4 735 527A 236 201-31 S - W 1334 713 (1) "T" Block 234 201-29 E - B 175 High face seen (2) T40 416 271A 236 201-31 S - W 2205 3190 (1) (3417 High back seen) (2) "U" Block Not used in this run. (2) V13 681 048A 236 201-31 S - W 2528 3358 (1) SUMMARY—THIRD RUN BLOCKS Signatures Teehee-Burke Elliott-Burke Elliott-White Speelman-White Known Blocks Verified B, D, E D, E, M, N, T, * E, H, K, M, * K, M, N, R, T, V, X, * Unreported Blocks (Possible) H H, K N, R, T Total verified blocks-22, not counting Star of #233 re- ported in previous summary. Except for the first block there seem to be two or more varieties in each block to and including block "N." In addition to this, number 235 is reported with new and old back plates, and this could apply to numbers 234 and 236. In view of the small number of Elliott-Burke plates made, their long use is remarkable. Numbers 234 and 235 should be scarce or rare in the very late blocks. The author has made use of memoranda made in the period 1923-1924, when the 1899s were passing out of use. His thought last summer was that it would be help- ful to collectors if some of the facts were made known before the old notations were discarded. Some years ago the writer destroyed nearly fifty letters from Mr. Blake and Mr. Grinnell dating in the late twenties and early thirties. Both of these gentlemen were kind enough to sell notes to a young collector on the instalment plan! The late Mr. Grinnell often quoted his serial numbers without the block letters, as little attention was paid to these at the time. Some of these listings are in the writer's file to this day. Had the late Mr. Philpott known of the author's intention to summarize his old notations before hand, he could have been of even greater help. "Mr. Phil" always made records of notes passing through his hands. It was Morey Perlmutter's letter that moved the writer to gather the notes and print them, and the result has been the splendid response from the gentlemen named herein. There is still much to do, and the author is cheered with the knowledge that there are real numismatists who will gladly pursue the research and turn up some excit- ing information. He is deeply indebted to Mr. Mills and Mr. Nowak for their substantial help and commends them for their interest. Carry on! COLLABORATORS (1) Gordon W. Mills, A.N.A, C.N.A., S.P.M.C., collector (2) Frank A. Nowak, dealer. List and records. (3) Wm. A. Philpott, outstanding writer and historian (4) Walter Breen, research writer Corrections to Warn's Signature Stories M. 0. Warns. author of "Signature Stories Told by National Bank Notes of 1929-35" which appeared in PAPER MONEY No. 41, has called attention to the garbling of the legends on Page 6 under "Three Different De- liveries of Currency Showing . . ." etc. The third line should read, "Second batch of notes without the signa- ture of F. E. Gorman." The fourth line should read. "The third batch of notes carried the signature of F. E. Gorman as president." PAGE 74 Paper Money WHOLE NO. 42 The New York State Free Banking Law By Forrest W. Daniel (Concluded from PAPER MONEY No. 40, Page 1531 T HE arrival of the first shipment of new bank noteswas a red letter day for a new bank. The September, 1920, issue of The Numismatist reprinted an article by. Al. Brown which bad appeared earlier in the Burroughs Clearing-House magazine: the story: "About a hundred years ago, the old bank of Albany, long since defunct, issued its first circulating notes. Al- most immediately after these notes were received from the printer. an application for a loan was made to the bank by a drover well known for his financial sound- ness. The loan was promptly 'passed' by the board. "The cashier considered whether he should pay out the beautiful new currency or gold, and to solve the question he reconvened the directors, and faithfully laid this weighty question before them. "A long discussion ensued, and it seemed as if no satis- factory conclusion would ever be reached, until the fol- lowing deep-thinking speech was made by one of the number: " 'Gentlemen of the board, these bills of ours, re- ceived today, have cost this hank a large sum of money. The engraver, the printer, the paper maker and inci- dentals all have to be paid. The thought of these ex- penses. so justly incurred, does not stagger me in the least, for the hills are very fine and an ornament to the bank. But, gentlemen. when it is proposed to send these new bills into the far West, there to be traded for cattle, torn, soiled, and perhaps utterly destroyed. I. for one. solemnly protest. " 'I venture the opinion, gentlemen. that should you be so unwise as to allow these new bills to be sent north and west, beyond Lansingburg and Schenectady, and away to the other side of Utica, as I understand this man proposes to take some of them—you will never see them again so long as the Bank of Albany has an existence or a name!' "The motion that gold should be paid was carried unanimously." That may just be the reason the Bank of Albany be- came "long since defunct" as the narrator related. Banks occasionally wished to change the denomina- tions of their outstanding circulation by replacing them with notes of other values. Two letters from the Trades- mens Bank illustrate this activity. Tradesmens Bank New York April 1st 1847 A. C. Flagg, Esqr. Comptroller Dear Sir: We propose to cancel about Twenty-five Thousand dollars of our large notes and to substitute in their place bills of a smaller denomination. Will you please give the necessary order to our printers Messrs Toppan Carpenter & Co. to print from our Twenty-five dollar plate 1000. impressions making $25,000 and when countersigned we will forward a like amount to be destroyed. Very Respy Your Obedient Servant Richard Berry, Cashier Tradesmens Bank New York June 5th 1847 A. C. Flagg, Esqr., Comptroller Dear Sir : I am desirous of renewing some of (our) large notes, which have become much worn and defaced. Will you please send the necessary instructions to our printers Messrs. Toppan, Carpenter & Co. to print Two hundred impressions from our $180—plate and when countersigned and registered I will forward the necessary amount of mutilated bills. I am Very Respectfully Your Obedient Servant Richard Berry, Cashier The plates are identified in these letters by the total amount of the face of the sheet. The 525 plate may have been $5, 5, 5, 10 and the $180 plate 10, 20, 50, 100, but there is no hint in the letters. (Figures 7 and 8.) The law: #7. Instead of transferring public stocks as aforesaid to secure the whole amount of such bills or Dotes, it shall be lawful for such person or association of persons, in case they shall so elect before receiving any of the said bills or notes, to secure the payment of one half of the whole amount so to be issued, by trans- ferring to the comptroller bonds and mortgages upon real estate, bearing at least six per cent interest of this state, payable annually or semi-annually; in which case all such bills or notes issued by the said person or asso- ciation of persons, shall be stamped on their face, "Se- cured by pledge of public stocks and real estate." (Figure 9.) The law: #8. Such mortgages shall be only upon improved, productive, unincumbered lands within this state, worth independently of any buildings thereon, at least double the amount for which they shall be so mort- gaged; and the comptroller shall prescribe such regula- tions for ascertaining the title and the value of such lands as he may deem necessary: and such mortgages shall be payable within such time as the comptroller may direct. Paragraph 9 covers reassignment of the mortgages or bonds when other approved mortgages or bonds are submitted to the comptroller to replace them. The law: #10. The person or association of persons assigning such bonds and mortgages to the comptroller. may receive the annual interest to accrue thereon, unless default shall he made in paying the bills or notes to be countersigned as aforesaid. or unless in the opinion of the comptroller the bonds and mortgages or stocks so 111147,14t 7 130 . .,kXr Z. 7: :61.1 — O R LEANS 60 UNTY — ,-/// \.°10111T0 rf it --- -- — m1-41,div,i,;;;;;. I 7 ,tili;;;;; / liwi///:: 6,?t,----iit- 11111 1/qIit 4 A, //l X/ ir /: GicrAir orvilti-:(1 %/ $'1A/,."1// //////),;- r 72.1 I)MU) z (4/7:7//// t'/ ridit ..01. 31WirWM/141& ILTIMICWWWILISS WHOLE NO. 42 Paper Money PAGE 75 Fig. 7. An ornate note with a small emblem of the bank department. Bank note reporters listed this note as an imitation and said, "refuse all 5s," so it must be a good imitation. Fig. 8. A large version of the bank department emblem appears on this note which is in imitation of the genuine note. The genuine has nine small twos at the top, the imitation eight. Fig. 9. A note secured by pledge of public stocks and real estate. The note lists registration in the comptroller's office rather than the bank department as on other notes. PAGE 76 Paper Money WHOLE NO. 42 pledged shall become an insufficient security for the payment of such bills or notes. Clinton Bank, New York 17th October 1843 A. C. Flagg Esq. Comptroller Sir—We have a mortgage of Benj Waldron for $100,000 on one eights parts (sic) of the Estate of Medcef Eden, which we propose to assign to you as additional security for the bills of this bank already received, provided on the assignment of this mortgage you will give us new bills for the defaced notes. Perhaps you may know something about the condition of the estate of said Eden. It is too long a story for me to write, will only say that Mr. Waldron & wife are the sole heirs to said estate, and have commenced proceedings in law to recover the same. The cases that have been decided were decided in their favour and if he is success- ful in the remainder the property will amount to about one million dollars. Our mortgage covers one eights (sic). The parties who placed this mortgage in the Bank gave for the same $1500 in cash and $23,040 of land in St. Charles County State of Missouri, about 60 miles from St. Louis, said to be first rate farming land. I make this statement that you may judge whether the said mortgage is worthy of your notice, so as to grant our request. Yours Truly Eli Merrill, Pres. The said mortgage was received about the first of Sept. last, therefore you will perceive that it is a recent trans- action. Whether or not the comptroller accepted that mort- gage as security for registered notes the Clinton Bank had another course open to use mortgages to secure negotiable paper. Certificates of Deposit bearing five per cent interest and payable ten months after issue to depositor or bearer supplemented the issue of circulating notes. The face of the $50 certificate has the statements "Established under the General Banking Law of the State of New York passed April 18, 1838" and "Secured by the pledge of real estate." The certificate, however, is not countersigned and registered by the comptroller's office so there was no guarantee other than the reliability of the hank. (Figure 10.1 The superintendent of the Banking Department pro- tested the use of mortgages as security for notes, stating he was able only to realize 88 per cent of their value when forced to liquidate them to redeem circulation of failed banks, while he received full value for state stocks. The provision, however, was not repealed until 1863. The law: #4. In case the maker or makers of any such circulating note, countersigned and registered as afore- said, shall at any time hereafter. on lawful demand dur- ing the usual hours of business, between the hours of ten and three o'clock, at the place where such note is payable, fail or refuse to redeem such note in the lawful money of the United States, the holder of such note mak- ing such demand may cause the same to be protested for non-payment by a notary public, under his seal of office in the usual manner; and the comptroller upon receiving and filing in his office such protest, shall forthwith give notice in writing to the maker or makers of such note to pay the same; and if he or they shall omit to do so for ten days after such notice, the comptroller shall im- mediately thereupon, (unless he shall he satisfied that there is a good and legal defence (sic I against the pay- ment of such note or notes,) give notice in the state paper that all the circulating notes issued by such person or association will be redeemed out of the trust funds in his hands for that purpose: and it shall be lawful for the comptroller to apply the said trust funds belonging to the maker or makers of such protested notes, to the pay- ment and redemption of such notes, with cost of protest. and to adopt such measures for the payment of all such circulating notes put in circulation by the maker or makers of such protested notes. pursuant to the provisions of this act, as will, in his opinion. most effectively pre- vent loss to the holders thereof. The law: #11. In case such person or association of persons shall fail or refuse to pay such bills or notes on demand in the manner specified in the fourth section of this act, the comptroller. after the ten days' notice therein mentioned, may proceed to sell at public auction the public stocks so pledged or the bonds and mortgages so assigned, or any or either of them, and out of the pro- ceeds of such sale shall pay and cancel the said bills or notes, default in paying which shall have been made as aforesaid; but nothing in this act contained shall be considered as implying any pledge on the part of the state for the payment of said hills or notes beyond the proper application of the securities pledged to the comp- troller for their redemption. The law: #I2. The public debt and bonds and mort- gages to be deposited with the comptroller by any such person or association, shall be held by him exclusively for the redemption of the hills or notes of such person or association put in circulation as money, until the same are paid. The Farmers Bank of Malone, on the verge of trouble. wrote the following letter to the comptroller: New York, Nov r 19th 1844. A. C. Flagg Esq. Dr Sir, In reply to yours of the 17th in reference to the Farmers Bk of Malone, permit me to say that at the last time I had the pleasure of conversing with you on the subject, it was your advice that I should not procure or issue any more bills, that I should return the bills as fast as sent in, and thus let it stand. This advice has been strictly followed, and not a single dollar has been issued in any shape or form to my knowledge since I last saw you, while every dollar has been redeemed on presentation and forwarded to Albany. As regards the tax upon the capital, the matter is under your direction and in reference to the whole subject I am prepared to do as you wish and think best, thus avoiding the necessity of placing it in the hands of the Atty Genl. at useless expense, and unnecessary reports. Please drop a line stating your wishes which shall be immediately com- plied with. Respy Yours, M. N. B ( ) ? The bank was in deep trouble: it suspended in 1845. The Merchants and Mechanics Bank of Oswego ap- pears to have been a shaky institution from the begin- ning. Open in Oswego in 1852 it moved to Syracuse in WHOLE NO. 42 Paper Money PAGE 77 December the same year. In May, 1853, it moved to North Granville and suspended in January, 1854. New-York, Jany 6, 1854 Please to take Notice, That $293 (Two Hundred Ninety three Dollars) of the Notes of the Merchants & Mechanics Bank of Oswego (payment of which has been duly de- manded and refused,) was this afternoon PROTESTED for non-payment, and that the Holders look to you for Payment thereof. Your Obedient Servant, John H. Platt, Notary Public, Manhattan Company No. 40 Wall-Street D. B. St. John Bank Department Albany (Rec Jy 7th 1854) The same group of notes was again protested on January 26. A. R. Rodgers and Geo. Woodman, attorneys, protested $9,800 of the notes of the same bank on January 31 and February 20. Wismer states the notes of the Merchants and Mechanics Bank of Oswego were redeemed at 77 per cent at the State Banking Department until September 28, 1860. Thus closes the life of an imaginary bank as illustrated by the law and the letters. The quoted sections of the Free Banking Act cover only the provisions relating to bank notes and numismatic interest. The balance regu- lated reserves and other aspects of the banking business. The success of the Free Banking Act, under which any group of individuals could engage in banking if they met certain conditions, led the Legislature to extend the rules for countersigning and registration to notes issued by the chartered Safety Fund banks. It also set rules for the voluntary liquidation of the Safety Fund banks and redemption of their notes and transferred the jurisdic- tion over the older banks to the comptroller by abolish- ing the office of bank commissioner. Chap. 218. An Act to abolish the office of Bank Com- missioner, and for other purposes. Passed April 18, 1843. The People of the State of New-York, represented in Senate and Assembly. do enact as follows: The law: #1. Every chartered bank shall take an ac- count of its notes for circulation on the first day of July, 1843, and shall return to the comptroller, under the oath of the president and cashier. a statement of all the notes of the bank which it has in its possession, or in any way outstanding or in circulation on that day, specifying the amount of bills of each denomination, and the aggregate amount of the whole circulation. and shall. at the same time, deposit with the comptroller their plates, and no bank shall after the time in that day to which the return of the president and cashier is made up, issue any of its own notes which have not been countersigned and regis- tered by the comptroller; but if the comptroller shall be unable to supply any bank with countersigned and regis- tered notes as fast as such bank may require, on and after the first of July, 1843, such bank may be permitted by the comptroller I to I re-issue so much of its old circula- tion within the limits prescribed by law. as may be necessary, not exceeding the amount returned to be out- standing on that day, nor shall any such issue take place until an application has first been made to the comptroller for countersigned and registered notes, and refused; and provided, also, that the stockholders of any chartered bank shall be individually liable for all the notes of its old circulation which shall be outstanding on and after the first of July, 1844; and after the first of July, 1844, no hank shall pay out any note of any bank which has not been countersigned and registered at the comptroller's office, as herein provided. And all the notes of any bank issued prior to the first of July, 1843, not countersigned and registered, or delivered to the comptroller to be countersigned and registered, shall on or before the first of July, 1844, be redeemed and destroyed in the presence of the comptroller, or of some person appointed by him for that purpose. And a certificate of the counting and destruction of the notes certified to be destroyed shall be signed and sworn to by the comptroller or his agent. and an agent appointed by the bank. and deposited in the comptroller's office. At a stated meeting of the Board of Directors of the Phenix Bank held on the 22 Nov. 1843 it was on Motion duly seconded, Resolved, that Moses H. Grinnell be & he is hereby appointed Agent on the part of this Bank to attend to the counting and destruction of all notes issued by this Bank, & to make a certificate under oath, in con- nexion (sic) with an Agent appointed by the Comptroller, of the counting & destruction of such notes, in accordance with an "Act to abolish the Office of Bank Commissioners & for other purposes" passed April 18th. 1843. a True extract from the Minutes. N. G. Ogden, Cashier Phenix Bank New York, 28 Nov. 1843 A. C. Flagg, Esq., Comptroller &c Albany Dear Sir Annexed you have certificate of destruction of $20000 of our old notes & above M. Grinnells appointment by our Board as Agent for that purpose. Please send me such of our bills as you have on hand, viz. 500 sheets of 5, 5, 5, 5. Respectfully Yours N. G. Ogden Cashier City & County of New York William S. Coe of the county of New York having been appointed Agent of the COMPTROLLER, and Moses H. Grinnell having been appointed Agent of the Phenix Bank do hereby certify that they did on the Twenty Eighth day of November One thousand eight hundred and forty three count and destroy by burning to ashes, notes of the Phenix Bank of the following denominations and amounts viz:— 1 Note of One Thousand dollars is $1,000 1 – " – Five Hundred dollars is 500 29 – " – One Hundred dollars each is 2,900 59 – " – Fifty Dollars each is 2,950 92 – " – Twenty Dollars each is 1,840 255 – " – Ten dollars each is 2,550 492 – " – Five dollars each is 2,460 300 – " – Three dollars each is 900 2,200 – " Two dollars each is 4,400 500 – " – One dollar each is 500 3,929 Notes Total 20,000 Amounting to the aggregate sum of Twenty thousand Dollars. M. H. Grinnell, agent of the Bank. W. S. Coe, Agent of the Comptroller .11 0 7,0„ Zr_e_LiXDU /'//' 7-4(./i/ i /// r? /////// /(7%,7-( NEW YORK ) e ///ezee 6•? 1144,00- zie or Vsfleissza( >V/ z /417/:; S 7 /7 74 ',I,' 7/ Marnrodipeg.w.re' )//ie.2 e al 11 R iti at`F,• PAGE 78 Paper Money WHOLE NO. 42 Fig. 10. Certificate of deposit of the Clinton Bank secured by pledge of real estate but not registered by the hank department. Fig. 11. A note of a Safety Fund bank registered in the comptroller's office but not having the same security provisions as notes of the free banks. Signed and Sworn to, before me, This 28 day of Nov 1843, Jasper Storrey Commissioner of Dues The chartered banks were required by the new act to turn the plates for their notes over to the comptroller for safekeeping and alteration to provide space for the comp- troller's emblem and registry. In many cases, there is no doubt, new plates were engraved rather than the old ones altered. These notes bear no reference to security by pledge of public stocks or real estate but carry the notation "New-York Safety Fund." Notes of the earlier plates may have been registered in the comptroller's office in the earlier period of the act but none were observed by the writer. (Figure 11.1 The printer certified his work directly to the comp- troller in Albany, as seen in this partially printed form addressed to A. C. Flagg. (Affidavit.) Office of DRAPER, TOPPAN & CO., 16 Wall-street New-York, 1843. I, F. A. Casilear Printer, of the City and County of New-York, testify that the Plate of the Tradesmens Bank N. York of the following denomination viz. 5. 5. 5. 10 has been in my charge and keeping since the said Plate has been (Engraved) and that there has been printed from said Plate the following impressions, viz. Two thousand to the order of Comptr and forty proofs on India paper as Specimens of Eng r work. There has been no other impressions printed than enu- merated above, from the time said Plate was placed in my charge until now, the same Plate being placed under seal. F. A. Casilear, Printer. Sworn to before me This 19th Feby 1844 S. Melvin Notary Public The words "altered for Registry" were stricken from the printed form above immediately before the word (Engraved I was entered so the numbers of plates altered appear sufficient to require the convenience of a printed form. The mention of 40 proof specimens is another interesting revelation. The law: #2. It shall be the duty of the comptroller to receive and safely keep the plates, to be delivered to him by the banks, as prescribed in section first; and at all times cause to be printed from said plates, and deliver to each bank such notes, and of such denomination as is now allowed by law, as the bank owning such plates may require, not exceeding together with outstanding old circulation, and with the notes previously received, the amount of circulation now allowed to such banks WHOLE NO. 42 Paper Money PAGE 79 by law, and it shall also be the duty of the comptroller, to employ suitable persons whose duty it shall be to countersign such hills in such uniform manner as the comptroller may prescribe, and every note so counter- signed, shall, before it is delivered to the bank, be registered in a hook to be kept by the comptroller for that purpose: and the expenses of preparing, counter- signing and registering such notes, shall he paid to the comptroller by the banks receiving the same, in propor- tion to the number of notes received. And it shall be competent for the comptroller, when the plates of any hank are worn or otherwise unfit for use, to require such bank to furnish new plates, or to procure them himself, at the expense of such bank. The following sections of the law provided that each bank be required to submit detailed quarterly reports of condition. In that report hills received from the comp- troller had to be distinguished from notes of the old circulation. if a bank missed two successive quarterly reports it could be dissolved by the comptroller as an insolvent bank. A chartered hank wishing to wind up its affairs was permitted to do so by paying up its safety fund clues and giving notice of closure. Any outstanding notes or other obligations not presented within one year were to be covered by a deposit with the comptroller sufficient to meet those demands. After six years any of the deposit remaining with the comptroller would be returned to the stockholders and any outstanding notes became worthless. The success of the New York Free Banking law is testified by the fact that while about a third of the banks in the state closed during the financial difficulties of 1841-42, losses during the first twelve years of its opera- tion amounted to less than one-half of one per cent a year. Losses during the next 15 years were only one- twentieth that amount. Note: Notes used to illustrate this article were lent by Mr. George Wait and his courtesy is deeply appreciated. They were chosen for reproduction quality, to depict several aspects of the law, and show the variety of banking de- partment emblems rather than to relate specifically to the banks mentioned. Some of the notes are counterfeit but they are used to illustrate styles used on genuine notes. REFERENCES Laws of the State of New York, 1838, 1843 "Descriptive List of New York Obsolete Paper Money," D. C. Wismer "Historical Directory of the Banks of the State of New York," William H. Dillistin A Century of Banking in New York, 1822-1922, Henry W. Lanier Annual Report of the Superintendent of the Banking De- partment, State of New York, 1858 The Numismatist, September, 1920 The Comptroller and Bank Supervision, A Historical Ap- praisal, Ross M. Robertson The Story of the American Bank Note Company, William H. Griffiths Unusual Latin-American Notes to be Auctioned by Almanzar's An extensive collection of Latin-American paper money which was once the property of King Farouk of Egypt is to be offered through mail and floor bid auction to be conducted in late August by Almanzar's Coins of the World. Farouk was born in Cairo in 1920 and succeeded his father as King of Egypt in 1936. In July of 1952 a military revolution compelled Farouk to abdicate. His numismatic collection was fantastic, and the well-known London House of Sotheby's was commissioned to pre- pare its sale. Three months were needed to catalog and 11 days to sell it. Farouk died in Rome in 1965, but this portion of the collection had been acquired by the late Robert Franklin Schermerhorn at the palace sale in Cairo. Schermerhorn, Dallas oil man, ANA life member, paper money specialist and former owner of the Texas Stamp and Coin Company, died in August of 1957. The executor of the estate sold the Latin American section intact to Thomas C. Bain of Dallas. Mr. Bain has been a collector of paper currency for over 40 years. He assisted the late Robert Friedberg with his first book on paper currency of the United States, and Bob Medlar, William Donlon and others with their books on paper currency. Mr. Bain is a past president of SPMC and is presently an honorary member and on the Board of Governors. He has been a member of the ANA for over 25 years and is presently working on a hook about early fiscal issues of Texas. He has written many articles on paper currency for The Numismatist and PAPER MONEY. Mr. Bain himself is a well-known collector of Mexican paper currency and added to this section of the Farouk collection as only a true specialist can. This section now includes over 400 notes, which includes many rari- ties and previously unreported signatures and varieties. The additional Latin-American section includes many notes which are unlisted in available catalogs. Some of the best represented countries are Argentina, Bolivia, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Paraguay, Uruguay and Vene- zuela. The sale will also include important consignments of world coins, medals, tokens, and proclamation pieces from other important and well-known collections. The sale will be held in the Hilton Palacio Del Rio Hotel in San Antonio, Texas on the 25th, 26th and 27th of August. Catalogs will be released as soon as possible and in sufficient time to allow all subscribers to research and place bids by mail if they are unable to attend the "Paper Money and World Coins Fiesta" in San An- tonio. Catalogs are available for $2.00 to U.S. addresses, $3.00 to foreign addresses, with prices realized being $1.00 extra, from Almanzar's Suite D, Milam Building. San Antonio, Texas 78205. Thompson's Bank Note and Commercial Reporter, April 2, 1866 Petersons' Philadelphia Counterfeit Detector and Bank Note List, March 1, 1866 _ _ fir.' cil-4 Tilit 406 u 0 EXCHANGIEAXIVE FOR ,r "Upftedailh&tesNotes liris Lwow. STANT I HEASE OEMS ANDMESIUNATEDOLTIMISTAXVIES Olt w ,c, el TilliTiSIO STATICS 11101 NUMMI .1 ,.T. NOT LESS =Or TIMEX DOLLARS. ctlIO CCEITAMILE Orl*TIMENI" OFAMI. ,Illr ES TO TINE UNITED MTATES 1,,,IN.'Sili TIOLO1IFTVE 3001.1601.111.S fil N-1MM,c,Keeplt•A=B,—' . —14PP CUSTOMS* w- - _ 4Da'it CD 0As IN.M4110 Location of Position Letter "a" on Valentine Number 41K. of what are referred to today as Bristol board proofs. Plate proofs with a note so cut from them have been marked with a "P" in the tables. Early in 1891 all fractional plates were examined, and each note on nearly every sheet was stamped, using a stamp with the date and "Bureau of Engrg. & Prtg. Specimen." The specific information disclosed by the ledger and plate proofs is as follows: In the second issue, 5c and 10c notes for regular issue were printed in sheets of 20, 25, and 50, while the 25c and 50c notes were printed in sheets of 20, 25, and 40. Plates for all denominations shared one common numbering sequence from 1 to 345. Several of the early 25c and 50c plates of 25 were later cut to 20 subjects. In the third issue, each denomination generally had its own numbering sequence, starting with 1. Information previously published on sheet size and location of plate position letters and numbers is correct, with the few addi- tions noted. In the 3c denomination, the light curtain plates were engraved before the dark curtain plates, al- though the short length of time (two months) between the first and last plates suggests that they were issued simultaneously. The light curtain "no pearls" variety PAGE 80 Paper Money WHOLE NO. 42 Fractional Currency Plate Information Second and Third Issues By Martin Gengerke Grant and Sherman 15c reverse as modified to the 25e inverted in upper right. M ANY research efforts in the field of fractional currency have been discouraged by the common belief that all early records of the National Currency Bureau were destroyed by several fires. However, an old ledger has been found in the Bureau of Engraving and Printing titled "Record of Plates No. 1, National Currency Bureau," containing what appears to be a com- plete list of all second and third issue fractional currency plates. Information is also contained on plates of the fourth and fifth issues, but this information appears to be incomplete. Verification of this list has been made through examination of plate proofs in the Bureau's files. Each plate listed has a date next to it. but there is no explanation of its meaning. Using data published by M. R. Friedberg in PAPER MONEY, Vol. 6, No. 2, two possibilities can be immediately eliminated. Plates dated in this ledger after November, 1864, were listed in a plate inventory of October 1, 1864. This means that the dates cannot be the dates the steel plates were pulled from stock for engraving, and they cannot be the dates that work was completed on the plates. One alternative is that they are the dates the plates were sent to the printer. The plate proofs examined were mostly on heavy white cardboard, although a few were on thin banknote paper. None had any surcharges. Obverse impressions of both issues were in black. Reverse impressions of the second issue on cardboard were in black, while those on thin paper were either in black or the proper color. The third issue reverse impressions were green, with a few of the 50c reverses in red. Several of the cardboard sheets have had a note cut from them, with a penciled note left in place reading "Cut for the Secty's Scrap Book July 8, 1878." These may be the "cardboard proofs" that Valentine refers to. denomination, Pl. #18 is WHOLE NO. 42 Paper Money PAGE 81 mentioned by both Limpert and Rothert was found on only two of the 33 light curtain plates engraved. Although the 15c Grant and Sherman notes were printed only as proofs, several plates were engraved for regular production, having 12 subjects per plate. The 15c reverse was later modified to the 25c denomination, and 21 twelve-subject plates were prepared, but the issue ended before they could be used. Two single notes were cut from the cardboard proofs of those plates and may still exist in collectors hands. Valentine's number 41K is listed as a third issue 25c note with the plate position letter a 7mm. to the right of the normal location. The plate proofs show this to have happened on only one of the 90 obverse plates engraved. The Justice 50c notes preceded the Spinner 50c, and the cut-off date seems to have been Jan. 1, 1866. Most Justice plates had 12 subjects, but a few had 30. One of these had the plate position letter a on notes in the left column, rather than on notes in the top row, and did not have the number 1. Any Justice notes having the a only (no 1) and missing the signature loop on the left edge (from the adjacent note to the left) would be from this plate of 30. The second type Spinner reverse replaced the first type about May 14, 1868. The proper location for plate numbers of both issues was at the intersection of the lower left four notes. Mis- takes were made, however, and some plate numbers were inverted, mirrored, missing or misplaced. Inverted plate numbers, such as Valentine lists for the reverse of the 3c, were usually found in the intersection of the upper right four notes. Only one number (#151, of the second issue) was found at the bottom of the sheet and was also mirrored and positioned below the center column of notes. I have purposely avoided any mention of wide margin proofs since they had two numbering sequences. These plates were assigned numbers within the sequences used for the corresponding regular issue notes, and many specimens are known with these numbers. There was also a separate sequence starting with 1, used only for wide margin plates. Some numbers from each sequence were found on the plate proofs, although the ledger lists only those numbers within the normal sequences. (The second type Spinner 50c reverse had number 21 in each sequence, and one specimen is known with this number.) All second issue wide margin specimens, and the third issue 3c, 5c, and 10c, were printed in sheets having two vertical columns of five notes. The 15c and 25c speci- mens were printed in sheets of eight, having the unusual arrangement illustrated. All 50c specimens of the third issue were printed in sheets having a single column of five notes. Most plates for wide margin proofs were engraved between December 1865 and March 1866, under the direction of Spencer M. Clark, Superintendent of the National Currency Bureau. Clark gives the reason for printing them in a letter to E. W. Birdsail. U.S. Treasury. New York. dated March 14, 1866: "I am preparing also Specimen sheets printed on one side (faces and backs on different sheets), on thin paper for pasting in albums. . . . There will be from 5 to 10 notes on each sheet placed wide apart to give margins." The albums referred to are probably the 12 original specimen presentation books made by the Treasury Department for distribution to various public officials. Letters in the Archives show that 11 of these books went sent out to President Andrew Johnson and several cabinet officers and Congressmen on May 9th and 10th. Sheet Layout for third issue 50c wide margin proofs. AUXILIARY NUMBERING STSTEM FOR WIDE MARGIN PROOFS Plates 1 to 8 are second issue, others third issue. Plate No. Type 1 5c obv. 2 10c obv. 3 10c rev. 4 25c obv. 5 50c obv. 6 50c rev. 7 5c rev. 8 25c rev. 9 10c obv., engraved signatures 10 3c obv., dark curtain 11 10c rev. 12 25c rev. 13 25c obv. 14 3c rev. 15 50c rev., type 1 16 50c Justice obv., eng. sig. 17 50c Spinner obv., eng. sig. 18 5g obv. 19 5c rev. 20 21 50c rev., type 2 Paper MoneyPAGE 82 WHOLE NO. 42 Sheet layouts for the third issue 15e and 25c wide margin proofs, 15e shows one note cut out. 15c Grant & Sherman Plates P1. Desc. 2 P wide margin wide margin reverses, obverses, 8 subjects no signatures, 8 subjects 3 p wide margin reverse, 12 obverses, subjects engraved signatures, 8 subjects 5 reverse, " 6 8 9 obverse, obverse, reverse, 11reverse, 10 11 12 obverse, obverse, 11reverse, 13 11reverse, 14 15 P 16 17 18 reverse, reverse, obverse, obverse, 11obverse, 19 P obverse, P - Note cut from plate proof 1866. The twelfth book was given to Treasurer F. E. Spinner and was lot 1668 of Stack's sale of the Slawson collection, April 4, 1970. Sale of specimen sets to the public probably began shortly after the books were distributed. Plates for the 10c and 50c specimens with authographed signatures were made in June, 1866, and these notes are known to have been included in the sets. The plate for the wide margin 3c with light curtain and the 15c Grant and Sherman notes were all made in May, 1867, and were not included in the sets. Shields do have these pieces, however, and so must have been made after May, 1867. The plate for proofs of the second type Spinner 50c reverse was made on June 24, 1868, and the absence of this piece from both the sets and shields suggests that production of both had ceased by this date. Wide margin proofs of the light curtain 3c and the type 2 Spinner 50c reverse are both quite rare, and this is probably because neither was included in the specimen sets sold to the public. ANOTHER GIANT STEP FORWARD ff. in the SOCIETY of APER MONEY COLLECTORS REFERENCE BOOK PROGRAM ONT OLETE N S AND SCRIP14N, by laeCOULTER Release Date: July 6, 1972 The Next Step Is Up To Yo See SPECIAL PRE-PUBLI TION OFFER to membernf the Society of Paper ney Collectors Shortly after the founding of the Society of Paper Money Collectors, the organization established as one of its primary goals the publishing of a set of comprehensive reference studies of American obsolete paper money — colonial, continental and Confederate States issues excluded — in order to completely update the original listings compiled by D.C. Wismer from 1923 to 1936. In addition to incorporating the wealth of new material discovered since the publication of the Wismer studies, the scope of the new works is being expanded to include the various scrip, counterfeit, altered and spurious note issue, complete with current values and rarities. The following tabulation — bold type indicates that the listings or books have been published; italics indicate the manuscripts are ready for publication; regular type represents those states which are still in preliminary stages of preparation enumerates the states that are included in this extensive project: Alabama Maine Ohio Arkansas Maryland Oklahoma California * Massachusetts Oregon Connecticut Michigan Pennsylvania Delaware Minnesota Rhode Island Florida Mississippi South Carolina Georgia Missouri Tennessee Idaho Montana Texas Illinois Nebraska Utah Indiana New Hampshire Vermont Iowa New Jersey Virginia Kansas " New York Washington D.C. Louisiana North Carolina Wisconsin * Appeared in "Paper Money Quarterly", official publication of Society of Paper Money Collectors. The Society of Paper Money Collectors is proud to announce that they have contracted with Krause Publications, Iola, Wis., to produce Mayre B. Coulter's book, Vermont Obsolete Notes and Scrip. This new listing will be produced in the same size, color and format as the Florida and Texas volumes. Orders for Vermont Obsolete Notes and Scrip should be placed direct with Krause Publications. Copies will be mailed on July 7, 1972. Orders from SPMC members received before that date may remit the special pre-publication price of $8. After that date the full price of $10. will apply to all orders. A limited number of the Florida and Texas editions are still available and may also be ordered from Krause Publications. TEN DOLLARS TEN DOLLARS SIX DOLLARS A limited number of special deluxe bound volumes of the Vermont Obsolete Notes and Scrip will be produced on special order. Orders for these limited editions will not be accepted after July 6, 1972. Handsomely bound in white kid leather, each volume will be personalized with the owners name embossed in rich gold on the cover. These distinctive editions will be delivered on behalf of the Society of Paper Money Collectors during August, 1972. (The premium value of $15 each will be transferred directly to the Society. Krause Publication will receive no profit from these special deluxe editions.) Only enough books will be bound to fill orders received by July 6, 1 972; — no additional copies will be produced. Reserve your copy of the deluxe edition by sending $25. to Krause Publications, Iola, Wisconsin 54945. .. .. ...., lketit.:16.4. 4 14:316 nu . " ir.i..01}.., N,...0 Os, ' l'..,tt.nn •• .Z.V. tW,.... WHOLE NO. 42 Paper Money PAGE 83 P1. Type P1. Type P1. Typ 301 "'YPe 151 50c rx 701 25c oh 251 25c oh 5c ob 152 25c oh 20' 25c ob 252 25c oh 302 10c rx 153 5c rx 203 25c oh 253 25c rx 303 5c ob 154 5c rx 204 25c ob 254 'Sc ob 304 5c rx 155 10c rx 705 10c ob 255 25c ob 305 10c ob 156 5c ob 206 25c ob 256 25c rx 306 10c rx 157 5c ob 207 25c rx 257 25c rx 307 5c rx 158 5c rx 208 25c rx 258 25c ob 308 10c rx 159 5c rx 209 25c oh 259 25c rx 309 10c ob 160 10, ob 210 25c ob 260 25c rx 310 /Oc ob 161 162 10c rx 5c ob 211 212 25c 25c ob oh 261 262 25c oh 25c rx 311 312 10, 10c oh ob 161 50c rx 213 25c oh 763 25c rx 313 10c rx 164 10c oh :14 25e oh 264 25c rx 314 5c rx 165 5c rx 215 25c ob 265 25c ob 315 lec oh 166 10c ob 216 25c rx 266 25c rx 316 10c ob 167 10c rx 217 '5c oh 267 25c rx 317 10c ob 168 10c rx 218 25c ob 268 25c rx 318 5c rx 169 10c oh 219 25c rx 269 25c ob 319 10c rx 170 5c rx 220 25c ob 270 25c ob 320 10c ob 171 10c ob 221 25c ob 271 25c rx 321 10c ob 172 Sc oh 222 25c rx 272 10c oh 322 10c rx 173 10c, rx 223 '5c oh 273 5c ob 323 10c ob 174 5c ob 224 25c ob 274 10c rx 324 10c oh 175 5c oh 225 25c rx 275 10c oh 325 10c ob 176 10c ob 226 25c rx 276 250 oh 326 10c rx 177 5c rx 227 25c oh 277 25c ob 327 10c rx 178 5c rx 228 25c oh 278 50 rx 328 10c rx 179 10c ob 229 5c rx ?79 25c oh 329 10c rx 180 25c oh 230 25c rx 780 10c oh 330 10c ob 181 10c ob 231 25c rx 281 50 rx 331 10c ob 182 10c oh 232 5c ob 282 10c ob 332 10c ob 183 10c ob 233 25c ob 283 5c rx 333 10c rx 18, 185 10c oh 10c oh 23' 235 '5c 25c oh oh 284 285 10c rx 5c ob 334 335 5c 5c ob S rx S 186 5c oh '36 5c oh 286 25c rx P 336 10c oh S 187 5c oh 237 25c ob 287 5c oh 337 10c rx S 188 10c oh 238 75c oh 288 25c ob 338 5c ob 182 10c rx 239 25c ob 789 10c ob 339 75c oh S 190 5c rx 240 5c ob 290 10c ob 340 5c oh 191 5c oh 241 250 ob 291 10c oh 341 50c ob S 19 10c oh 242 25c rx 292 10c rx 342 50c rx S 193 5c rx 243 5c ob 293 Sc rx 343 5c oh 194 5c ob 244 25c rx 294 25c oh 344 5c ob 195 5c rx 245 25c oh 295 5c ob 345 25c rx S 196 5c oh '46 5c rx 296 5c oh 197 10c oh 247 25c oh 297 10c oh 19b 10c ob 248 25c ob '98 10c ob 199 10c oh 249 75c rx 799 10c oh 700 10c oh 250 25c rx 300 5c rx SECOND ISSUE PLATES Plate Lypz Plate Lae Plate Type 25c rx 51 5c ob 101 5c rx 5c ob 52 10c ob 102 10c rx 3 5c ob 53 25c ob 103 10c rx 5c rx P 54 25c oh 104 5c rx 5 5c ob 55 50c oh 105 5c rx 6 5c rx 56 10c ob 106 10c rx 7 5c ob 57 10c ob 107 5C rx 8 25c rx 58 5c ob 108 5c ob 25c ob 59 50c rx 109 5c ob 10 5c rx 60 5c ob 110 5c rx 11 25c ob 61 25c rx 111 5c rx. 12 5c ix 62 50c rx 112 5o rx 17 10c rx 63 5C ob 113 50c ob P 14 10c oh 67. 50c rx 114 25c rx 15 25c rx 65' 10c ob 115 5c rx 16 50c rx 66 10c ob 116 25c rx P 17 50c oh 67 50c ob 117 25c rx 18 50c rx 68 10c rx 118 5c oh 19 50c rx 69 5c oh 119 50c rx 20 10c rx 70 25c rx 120 25c ob 21 50c rx 71 10c oh 121 50c oh 22 :'5c rx 72 5c ob 122 50c ob 23 50c nb 73 "5c oh 173 50c oh P '4 '5C oh 74 50c rx 124 50c rx '5 25c rx 75 50c ob 125 .".5c ob 26 50c ob 76 25c rx 126 '5c ob 27 50c rx 77 25c rx 127 50c rx '8 25c rx 78 5c rx 128 25C rx 29 10c rx 79 5c oh 129 25c oh 30 '5c ob 80 10c rx 130 50c rx 31 50c oh 81 5c rx 131 25c rx 32 50c rx 82 10c rx 132 50c rx 33 10c ob 83 25c oh 133 50c rx 34 25c rx 84 10c oh P 134 50c rx 35 25c ob 85 10c ob 135 25c rx 36 50C ob 86 5C rx 136 25c rx 37 75c oh 87 50c rx 137 25c ob 38 50c rx 88 10c rx P 138 25c rx 39 50c oh 89 25c rx 139 50C rx 40 50c ob 90 50c oh 140 50c rx 41 50c ob 91 Sc ob 141 '51 rx 5c oh 92 5c rx 142 10c ob 50c ob 93 10c rx 143 10c ob 44 10c oh 94 75c oh 144 10c rx 4,5 50c ob 95 50c ob 145 10c oh 46 50c oh 96 10c ob 146 10c oh 25c ob 97 10c ob 147 10c rx :-8 25c ob 98 5c ob 148 10c rx 49 25c oh 0. 25c ob 11.9 10c rx 50 25c oh 100 10c rx 150 5c ob Pl. Desc. 50c Justice Obverses, and Type 1 Reverses P1. Desc.Pl. levy. Pl. Desc. 1 rev 26 obv 51 obv 76 obv 2 obv N 27 rev 52 rev 77 obv 3 obv N 28 rev 53 obv 78 obv ' rev 29 rev 54 obv 79 obv 5 obv 30 rev 55 obv 80 obv 6 rev 31 obv 56 rev 81 obv 7 obv 32 rev 57 obv 82 obv 8 obv 33 rev 58 rev 83 obv 9 rev 14 obv 59 obv 84 obv 10 rev 35 rev 60 obv 85 obv 11 rev 36 rev 61 rev 86 obv 12 rev 37 rev 62 obv 87 obv S 13 obv 38 obv 63 obv 88 rev S 14 obv 39 obv 64 obv 89 rev 15 rev 40 rev 65 obv 90 rev 16 rev 41 rev 66 rev 91 rev 17 obv 42 obv 67 obv 92 rev 18 rev 43 obv 68 rev 93 obv N S 19 obv P 44 rev 69 obv 94 rev 20 rev 45 obv 70 rev P 21 rev 46 rev 71 rev 22. rev 47 obv 72 rev 23 obv 48 obv 73 obv 2,- rev 49 obv 74 obv 25 rev 50 rev 75 obv N - No engraved signatures S - Plate for wide margin specimens P - Note cut from plate proof 50c Spinner Obverse Plates Plates numbered from 1 to 56; 9's 1 and 42 had no signatures, and plates 41 and 42 were for wide margin proofs. Note cut from proof of plate 50c Type 2 Reverse Plates -Plates numbered from 1 to 31; plate 21 wasfor - wide margin proofs, Proof of plate 10 had 1 note cut out. P - Note cut from plate proof S - Plate for wide margin specimens Sheet Layout for third issue 2t3c regular issue notes, with mw sample note cut out. Aside from general interest, it is possible that the dates listed for these plates may provide some clue to the order of issue of the various sub-varieties of the second and third issues. Great care must be taken in reporting plate numbers, however, since numbers on the right or left edge of a note may have one or two digits missing. A quick check of Valentine will show how easy it is to make mistakes, since more than half the numbers he reports are in error. For analysis, complete numbers are not always necessary, however; a second issue 10c note with a "1" on the left edge of the reverse is accept- able, since the only second issue 10c reverse plate ending PAGE 84 Paper Money WHOLE NO. 42 P1. Desc. Third Issue Ten Cent Plates P1. Desc. Pl. Desc. Third Issue Twenty Five Cent Plates Desc.P1. Desc. Pl. Desc. Pl. 1 rev 46 rev 91 obv 1 rev P 51 obv 101 rev 2 rev 47 rev 92 obv 2 rev 52 obv 102 rev 3 rev 48 obv 93 obv 3 rev 53 rev 103 rev 4 rev 49. obv 94 obv 4 rev 54 rev 104 rev 5 6 7 8 9 10 rev rev rev obv N obv N obv N 50 51 52 53 54 55 obv rev obv obv obv rev 95 96 97 98 99 100 obv obv rev rev rev rev 5 6 7 8 9 10 11 rev rev rev rev rev rev rev 55 56 57 58 59 60 61 obv rev rev rev obv rev obv 105 106 107 108 109 110 111 rev rev obv obv obv obv obv 11 obv N 56 obv 101 rev 12 rev 62 obv 112 obv 12 obv N 57 rev 102 rev 13 rev 63 rev 113 obv 13 obv N 58 obv 103 obv 14 rev 64 obv 114 obv 14 obv N 59 obv 104 obv 15 rev 65 rev 115 obv 15 obv 60 rev 105 obv 16 rev 66 obv 116 obv P 16 rev 61 obv 106 obv 17 rev 67 obv 117 obv 17 rev P 62 obv 107 rev 18 rev 68 rev 118 obv 18 rev 63 obv 108 obv 19 rev 69 obv 119 obv 19 rev 64 rev S 109 rev 20 rev 70 obv 120 obv 20 rev 65 rev 110 obv 21 rev 71 obv 121 rev 21 22 23 24 rev rev obv P obv 66 67 68 69 obv S obv obv obv 111 112 113 114 obv obv obv obv 22 23 24 .25 26 rev rev rev rev obv 72 73 75 76 obv P obv obv obv obv 122 123 124 125 126 rev rev rev rev rev 25 rev 70 rev 115 obv 27 obv 77 obv 127 obv 26 obv 71 obv N S 116 obv 28 obv 78 obv 128 obv 27 rev 72 rev 117 obv 29 obv 79 obv 129 obv 28 obv 73 rev 118 obv 30 obv 80 rev 130 obv 29 rev 74 obv 119 obv 31 obv 81 obv 131 obv 30 rev 75 obv 120 obv 32 obv 82 rev 132 obv 31 ohv 76 obv 121 obv 33 obv 83 rev 133 obv 32 rev 77 obv 123 obv 34 obv 84 rev S 134 obv 33 obv 78 obv 124 obv 35 obv 85 obv S 135 obv 34 rev 79 obv 125 obv 36 obv 86 obv 136 obv 35 obv 80 rev 126 obv 37 obv 87 obv 137 obv 36 37 38 obv obv obv 81 82 83 rev rev rev 127 128 129 obv obv P obv 38 39 40 41 obv obv obv obv 88 89 90 91 obv obv rev obv 138 139 140 141 obv obv obv obv39 obv 84 rev 130 rev P 42 obv 92 rev 142 obv 40 rev 85 rev 131 rev 43 obv 93 obv 143 obv 41 obv 86 obv 132 rev 44 obv 94 obv 144 obv 42 rev 87 obv 45 obv 95 obv 145 obv 43 obv 88 obv 46 rev 96 obv 146 obv =.4 obv 89 obv 47 obv 97 obv 45 ohv 90 obv 48 rev 98 obv 49 obv 99 obv 50 rev 100 obv S - Plate for wide margin specimens N - Plates without engraved signatures P - Note cut from plate proof in "1" was 161. If enough collectors wish to send a list of plate numbers known to them. I may be able to arrive at some order of issue. It should be noted that the listing of plates of the second issue did not always correspond to the plate proofs examined. In several instances. a listing of a particular number as one denomination may have had a plate proof showing it to be a different denomination. In such cases, the listing in the ledger was assumed to be incorrect. In other cases, the plate proof was missing, so no confirmation of the listing was available. For this reason no attempt has been made to estimate the num- ber of cardboard proofs extant. I would like to thank the Bureau of Engraving and Printing and Mr. Michael Plant, Superintendent of the Bureau's Management Services Division, for the patience and cooperation shown in allowing me to examine and photograph the plate proofs and other material in the Bureau's files. Plate 144 had the letter 'a' 7mm to the lower right S - Plates for wide margin specimens P - Note cut from plate proof Library Notes Library Enriched by Handsome Gift from American Bank Note Co. One of the most significant gifts ever made to SPMC Library was received entirely unsolicited from Mr. Edward H. Weitzen, Chairman of the Board of the American Bank Note Co. He has given us two copies of the highly prized book, The Story of the American Bank Note Company. This book is not only handsome from the standpoints of beauty and utility but also from the monetary point of view, as followers of numismatic and philatelic literature auctions well know. It is a large-format, colorfully-bound, 92-page volume with eight inserts of steel-plate printed engravings typical of the vignettes found on stamps and paper money. After THIRD ISSUE FIVE CENT PLATES P1. Desc. P1. Desc. 1 rev. 21 obv. 2 rev. 22 obv. 3 rev. P 23 obv. 4 rev. 24 obv. 5 rev. 25 obv. 6 rev. 26 obv. 7 rev. 1)7 obv. 8 rev. 28 rev. 9 rev. 29 obv. 10 rev. 30 obv. 11 rev. 31 rev. 12 rev. 32 obv. P 13 rev. 33 rev. 14 obv. P 34 rev. 15 obv. 35 obv. 16 17 obv. obv. 36 37 rev, obv. 18 obv. 38 rev. 19 obv. 39 obv. 20 obv. 40 rev. WHOLE NO. 42 Paper Money PAGE 85 THREE CENT PLATES P-4, Pick, A.—Catalogue of European Paper Money Since 1900, English language edition 1971 (gift of Bar- P1. Type bara R. Mueller 1-28 Reverses 29-61 Obverses, light curtain 1320 pages illustrated, with valuations given ; indispensable to col-lectors of European notes) 62-68 Obverses, dark curtain 69 Wide margin obverse, dark curtain R-7, Ridstrom, L.—Lilla Sedelboken 1972 (gift of the 70 Wide margin reverse author) 71 Wide margin obverse, light curtain i A Swedish-language, 32-page catalog of the notes of Sweden 1874-19711 Variety without pearls - plates 32 and 35 Plate 69 had one sample note cut out S-7, Seppa, D. A.—The Paper Money of Brasil. 1972 (gift of the publisher) ( 48-page catalog ; 380 notes listed , 56 illustrations ; valuations ; in English ; also available for $2.50 from Obol International, 4342 N. Kimball Ave., Chicago, IL 606181 ADDITIONS TO PERIODICALS SECTION P1. 41 42 Desc. The Canadian Paper Money Journal: Vol. VIII, No. obv, obv. 43 obv. The Check List: 44 45 rev. obv. Vol. No. 1 46 obv. The Essay-Proof Journal: 47 48 rev. rev. Vol. 29, No. 1. Winter 1972 49 rev. The Numismatist: 50 51 obv. rev. Vol. 85. Nos. 1-4 52 53 obv. rev. ANA Bulletin: Jan., Feb. 1972 54 obv. 55 obv. Paper Money: 56 rev. Vol. 11. No. 1. 1972 57 rev. 58 rev. 59 rev. 60 rev. FLORIDA MATERIAL LORIDA NATIONALS LARGE & SMALL LORIDA OBSOLETES 61 - Obverse, wide margin 62 - Reverse, wide margin, one note cut out a general introduction to engraving as an art, it traces the history of both the bank note industry and the spe- cific American Bank Note company from 1795 to 1959. Both copies come packed in special cartons. Borrowers are asked to exercise great care in handling and must insure the package for $50. One copy will circulate. while the other will be kept in the Library for reference purposes. Please consult the Librarian about its use. A cash donation has also been made by Mr. Morey Perlmutter (SPMC 948) along with several extra copies of PAPER MONEY to further the aims of our Library NEW ACCESSIONS A-5, Auckland, R. G.—Air-Dropped Propaganda Cur- rency. 1972 edition gift of the author (A 48-page multigraphed booklet written and published in England through the efforts of the Psywar Society ; covers notes from Burma to Yugoslavia ; illustrated and described ; also available for $1.40 from the author at 60 High St., Sandridge, St. Albans, Herts., England G-5. Griffiths, W. H.—The Story of the American Bank Note Company. 1959 (gift of Mr. Edward H. Weitzen 1 Note restrictions on borrowing given above. I WARREN HENDERSON P. 0. Box 1358, Venice, Fla. 33595 PAGE 86 Paper Money WHOLE. NO. 42 L. S. Treasurer to be Guest at SPMC New Orleans Luncheon Our Society's annual luncheon held in connection with the ANA convention in New Orleans this year will fea- ture Mrs. Romana Acosta Banuelos, Treasurer of the United States. She has graciously accepted the invita- tion of President J. Roy Pennell, Jr. to address the gathering. By that time, August 18th, notes bearing her signature as shown here should be in circulation, pro- viding collectors with another item for their albums. Mrs. Banuelos became the 34th Treasurer of the U. S. on Dec. 17. 1971, succeeding the late Mrs. Dorothy Kabis. As Treasurer she is responsible for receipt, cus- tody and disbursement of public funds and maintenance of records as to their source, location and disposition. Cited by President Nixon for her "exceptional initia- tive, perseverance and skill" and her "extraordinarily successful career as a self-made businesswoman," Mrs. Banuelos is the sixth woman and the first of Mexican- American descent to occupy the federal post which dates back to 1789. Born in 1925 in Miami, Arizona. Mrs. Banuelos spent her childhood in Sonora and Chihuahua, Mexico. She came to Los Angeles in 1944 and launched her present food processing firm in 1949 with an initial investment of $400. Ramona's Mexican Food Products, Inc. is now an over $5 million-a-year firm processing more than 25 different food items and employing over 300 people. In 1964. Mrs. Banuelos helped to found and became a director of the Pan-American National Bank in East Los Angeles, organized to serve the Mexican-American community there. She became chairman of the hank's board of directors in 1969 and was twice re-elected to that post. The bank's 1971 resources were over $22 million with 86% of its depositors of Latin ancestry. Mrs. Banuelos is the mother of two sons, both officers in the food processing firm, and of a daughter. Her husband, Alejandro Banuelos, became president of Ra- mona Food Products when she took office. The company sponsors three scholarships annually for qualifying high school students from needy Mexican- American families to attend four years of college. The first three recipients, all graduates of East Los Angeles high schools, are currently attending U.C.L.A. In addition to receiving numerous personal honors, including the Outstanding Businesswoman of the Year Award by Los Angeles Mayor Sam Yorty in 1969, Mrs. Banuelos is also the recipient of the "Los Angeles Beau- tiful" Award of the Chamber of Commerce for her con- tribution to the design and construction of the Pan-Ameri- can National Bank. omana Aco nuelos Facsimile of Mrs. Banuelos' signature as it appears on paper currency. Call for Annual. Meeting The 12th annual meeting of the Society of Paper Money Collectors will be held on August 18, 1972, at the Jung Hotel, New Orleans, La. As required in our By-laws, it is being held in conjunction with the Annual Convention of the American Numismatic Association. We have an agreement with the Token & Medal Society whereby we alternate in having dinner or luncheon meet- ings. Since we had a dinner meeting last year in Wash- ington, it is our turn for a meeting in New Orleans. Luncheon is scheduled for 12:30 P.M. in the Terrace Suites, preceded by a Dutch treat social hour. Five members of the Board of Governors will be elected, and there will be some other business items on the agenda, but the Meeting will be largely a social occasion for members highlighted by the presence of Mrs. Romana Banuelos, Treasurer of the United States. There will be a business meeting of the newly elected Board immediately following the luncheon; all officers should be present. Tickets for the luncheon, at $6.00 each including tax and gratuity, may be Piirchased by mail prior to August 1st from Treasurer M. Owen Warns, P. 0. Box 1840, Mil- waukee, WI 53201. Make remittance payable to SPMC. Any remaining tickets may be purchased from Mr. Warns or dealer-members in the bourse room at least 48 hours in advance. Nominations Report In accordance with Article III, Section 3a, of the By- laws of the Society, as amended in February 1968, this WHOLE NO. 42 Paper Money PAGE 81 Committee nominates the following five members to serve as members of the Board of Governors for three-year terms: Thomas C. Bain; James N. Gates; J. Roy Pen- nell, Jr.; M. Owen Warns; and George W. Wait. Other nominations may be made as provided by the By-laws. The election will take place at the Society's an- -ual meeting on August 18, 1972, in the Jung Hotel, New Orleans, La. Vernon L. Brown William J. Harrison Robert E. Medlar, Chairman SPMC ers Enjoy Productive Meeting in Milwaukee Some 50 SPMC members from all parts of the nation and Canada crowded a meeting room at the Central States Numismatic Society convention in Milwaukee on April 29, 1972, to enjoy a useful discussion of Society policies and plans. President J. Roy Pennell, Jr. chaired the session, aided by Past President Glenn Smedley, Treasurer M. Owen Warns and Editor Barbara Mueller. Mr. Pennell announced publication of the eagerly awaited Cumulative Index to the first ten volumes of PAPER MONEY. He also reported that the Society has donated a display case to the ANA Museum in Colorado Springs and asked for donations to defray the cost. In this connection he also noted that SPMC now furnishes printed receipts suitable for proving tax deductions to all donors of cash and/or material of numismatic value. Work on a Society emblem is rapidly progressing, Mr. Pennell said, and it should be finished in time for the August meeting. Rules for its use by members and ad- vertisers are now being formulated. Chester Krause then addressed the gathering about the forthcoming Society catalog of the obsolete bank notes of Vermont and urged members to sunnort the project so that the rest of the states can be finished within the next few years. Although Mr. Krause is publishing the cata- logs, members will still receive a preferential sale price. Treasurer Warns reported that the Society's financial position is satisfactory. Editor Mueller revealed that so long as the demand for editorial and advertising space continues, the size of PAPER MONEY will be increased to 56 or more pages each issue. She also discussed the progress of the Library and reprinting of early issues of PAPER MONEY. Mr. Pennell then threw the meeting open to a general discussion, which centered around spontaneous comments about the necessity for better paper money grading standards and display and storage facilities. Even baloney wrappers were suggested for safe storage! It was decided to await the results of a Canadian Paper Money Society study on the safety of storage materials but to solicit opinions from the membership on the subject for publication in our magazine. All those in attendance agreed that whenever possible the Society should sponsor similar regional meetings. Members connected with the various exhibitions are urged to make plans known early enough so suitable arrange- ments and publicity can be prepared. Upon adjournment the members crowded around the table where selections from the Library were shown and back issues of PAPER MONEY were on sale. Buy Tickets for New Orleans Luncheon Early! Finally, Mr. Warns urged all members to contact him by August 1st for tickets to the Society luncheon in New Orleans held in connection with the ANA convention be- cause of the demand created by the presence of our guest, Treasurer of the United States, Mrs. Romana Banuelos. Send $6.00 for each ticket to M. Owen Warns, P. 0. Box 1840, Milwaukee, WI 53201. Make checks payable to SPMC. Luncheon is scheduled for 12:30 P.M. August 18th in the Jung Hotel, the Terrace Suites, preceded by a Dutch treat social hour. "Our Society and its member services are growing rapidly. Be a part of them; join your fellow members for a memorable occasion," Mr. Warns said. Literature in Review (Continued from Page 69) A few rearrangements were made from the previous edition and, in some few instances, references to page numbers were not changed. Under "Star Serial Number Valuations," page 6, the reference should be to pages 21, 22 and 23, for example. In the second line on page 35 the $100 Silver Certificate should be $1.00—an obvious error since there was no $100 issued in the small size. These and a few other typographical errors are not seri- ous and probably will be corrected in the next printing. This catalog, as it has been from its inception in 1964 (104 pages), is a big value to collectors and students of U. S. paper money of 1928 to date. It may be purchased at most coin shops at $1.50 and from Hewitt Bros., Printers, at $1.65 postpaid.—GLENN S. WANTED TO BUY FOR MY COLLECTION OBSOLETE *—BROKEN BANK NOTES *—CONFEDERATES *—FRACTIONAL *—COLONIAL & CONTINENTAL Single Notes or Collection Will buy quantity for investment KEITH COLMAN 333 TAYLOR NORTH SEATTLE, WA 98109 SPMC AI, PUT CC.PFERS %IN FOI • WILL EKERANST FOR ,,,NF 4F/R my • JE MU11Z14 F.' • 7,-IrflE IS 04 OEK,S, IN 1HE KA , NO Or ',ME PAINE1.2, 20 WOODEN NISRELS FOR USE IN BANKRUPTING 0111FIUSIOM STATE TREASURY STATE EMPLOYEES CITY TREASURER n C TY EMPLOYEES • CI Y TREASURER CITY EMPLOYEES SCRAMBLED EGGS FO PUBLICLY OR LED UTILITIES 8AY BRIDGE SCHOOL TEACHERS SCHOOL DISTRICTS YOU-ME EVERYONE ELSE R CALIFORNIA rEMISAl216."r"17.11,M PAGE 88 Paper Money WHOLE NO. 42 The Chelan - Townsend Test Fund By George S. Vanderwende and Its Checks We hear so much today about guaranteed annual in- come and the poverty level. There is also great activity with regard to giving those 65 and over an income in keeping with the cost of living. These activities are not new. In the 1930's, a man by the name of Townsend was promoting a plan known as the Townsend Plan. The Encyclopedia Britannica gives the following: "During the depression that developed in the United States in 1929, Dr. Francis E. Townsend, a Western physician. promulgated a plan which became known by his name. Every person 60 years and over would receive a Federal Pension of $200.00 per month. For 8 million pensioners above the 60 year limit, the cost would be $20,000,000,000 a year, at least four time the Federal Revenue in 1936, or 40% of the income of the nation. On the other hand, the pensions would stimulate, so it was argued, the consumption of commodities. A considerable organization backed the plan which was dis- cussed in Congress." The advocates of the plan were very active in California. There was quite a battle between the pros and cons. The plan was so ridiculed by the cons that they issued "The One Thursday Buck." It was a colorful item, a little smaller than our paper dollar. The rainbow behind Santa Claus was in many colors, Santa was in red, and the scroll work and printing were in black. The reverse was all in orange-yellow. To test the soundness of the Townsend Plan, the Chel- an, Washington merchants gave unanimous approval to a six-month test. This test was to give a different individ- ual each month over a six-month period $200 to spend in the community, and each merchant, and hopefully each individual who handled one of the Townsend Checks would voluntarily pay a two percent transaction tax on each dollar of merchandise the Townsend dollars pur- chased. Hundreds of checks in amounts ranging from 10c to $1 were issued by the Miners and Merchants Bank of Chelan (now a branch of the Seattle First National Bank —1953 I in connection with the local community's testing of the soundness of the Townsend Plan. National atten- tion was focused on this experiment. When a Mrs. Retta Freeman was the recipient of $200 in January 1937, the State Welfare Department discon- tinued her $17 monthly state pension for six months. In March, the national organization of the Townsend Plan publicly stated that it disapproved of local experiments such as the one in Chelan. During March, the promotors of the test reported to the Chelan Chamber of Commerce that the collections of the transaction tax had failed to replace the original donated pension fund and blamed the failure on three factors: collectors took the checks out of circulation: the tax The "One Thursday Buck" issued by Townsend Plan opponents, obverse and reverse. was self-imposed and perhaps was not paid by all; and one month was too short a time to make an adequate test. The testing of the plan was not continued. The checks were to be endorsed by each person or merchant receiving it in a transaction. Shown here is a $.50 check issued March 3, 1937, on the Miners and Merchants Bank of Chelan, Washington. It was headed "Chelan-Townsend Test Fund" and had a note written under the amount, "Void if not spent in Chelan within ten days of the last endorsement." The reverse of the check shows 19 endorsements from February 4th to February 13th. Oddly enough, the endorsements were all dated before the date of the check. The following information was gleaned from the files of the local newspaper for 1937: 1/14/37. Mr. Ison Lamb, Chelan County Supervisor of the Townsend Plan, donated the first $200 to start the test, and offered to put up $1,000 if local merchants would agree to pay a self-imposed, voluntary two percent trans- action tax on every dollar of merchandise the Townsend dollars purchased. 1/28/37. The first recipient was Curtis C. Fleming and his wife Elizabeth, with the announcement having been made on 1/16/37. "Monday, January 18, a real flurry of spending began. Hampered, hounded and cor- nered at every move he and his wife made by newsreel photographers and reporters, the Flemings tried valiantly to put the money into circulation." Souvenir hunters ef- fectively stopped circulation of most of the tagged dollars, although those still to be found in circulation have from 20 to 26 signatures. 2/4/37. The Chelan Townsend Club was formed 3/5/35. To start it, it needed at least 100 members, paying a membership fee of 25c each. Now there are nearly 300 members. Mrs. R. Freeman received the second Town- Chelan—Townsend Test Fund Lake Chelan, The Sivitzetiand of America MARCH 3,ELAN. WAN H. ' fitl y fifty ccnk '"! THE .4N/446.‘" 98 - 22 Usil If soi ,.ent tit Cholas ERCHANTS JUNK. (?7-7' CHELAN. WASH.' * No 752 19 37 .50 DOLLARS ondotiertient This is Chelan. Wash., Townsend Tent Money. Please m rite your 1,use and the date it entered your hands 1 rn space helots. Spend locally. If dollar entered your hands If days after first date, please mail or aloe to the Miners and Merchants Bank. Chelan. Wash. Dale Cka4.,,•:27n- Same [4:41-et+sav • ...e•rt Pte I B .5? • I'oslage guaranteed for the return of the cheek from anywhere in the world WHOLE NO. 42 Paper Money PAGE 89 One of the Test Fund checks. send gift in checks of from 10c to $1. "As to souvenir hunters, it is going to be difficult to take enough checks to hurt the plan." 2/11/37. Mrs. Retta Freeman was given her $200 pen- sion on 1/30 to spend. This second month the checks are issued in smaller amounts-10c to $1—and not so many are lost to souvenir hunters. 2/18/37. Mrs. Anna Pilsen was selected as the third Townsend Club member to spend $200. 3/11/37. Final conclusion of the Chamber of Commerce Committee report: "It is the opinion of the committee that the results of the pension tests conducted in Chelan do not warrant a continuation of the plan unless philan- thropic endowments to start the pensions and to guaran- tee their continuation to the old people can be secured." Merchants' comments: "The publicity we got was fine. but the test really told us nothing. The test turned out to be nothing more than a 'nuisance tax'." Although a third recipient was chosen, no record was found that she actually received and spent the money. The newspaper did state that Mrs. Retta Freeman was given her $200 on January 30th to spend. There is no accounting for the reason her checks were post-dated to March 3rd. When C. C. Fleming received the first $200, it was in currency, not in checks. The currency had attached. stapled in all four corners, a printed slip, the same size as the currency. At the top of the slip was printed: "This is Chelan, Washington, Townsend Test Dollar. Please write your name and the date it entered your hands on space below. Spend locally. If this bill en- tered your hands 30 days after the first date, please tear off this slip and give to Miners and Merchants Bank, Chelan." Then followed 25 lines and at the bottom: "Postage guaranteed for the return of this slip from anywhere in the World." Written on the slip in the possession of the president of the Chelan Historical Society were three signatures: Isom Lamb 1/16/37 (the donor of the first $200 to the Fund) ; C. C. Fleming 1/17/37 I the first recipient of the 8200) : William Emerson 1/19/37 (a local attorney). Paper money and check collectors may be interested in this story. As the event took place 34 years ago. many collectors were either not born or too young to know about it. Is history repeating itself in the efforts to pay all those below a certain income an amount that would bring them up to the so-called poverty income level? The information above was researched and furnished by a retired banker and a president of the Lake Chelan Historical Society at the request of the writer, who had one of the checks which is shown. PAGE 90 Paper Money WHOLE NO. 42 SECRETARY'S REPORT New Membership Roster Dealer or Collector C, D C, D C C C C C C C C C C C, D D C C C C C C C C, D C C C C, D C C C C C C, D C No. New Members 3381 Ronald A. Brown, Box 707, Clear, Alaska 99704 3382 Deutsche Bundesbank Geldmuseum, Taunusanlage 4-6, 6 Frankfurt/ Main 1 3383 Eugene Kay, 727 Melwood Dr., N.E., Warren, Ohio 44483 3384 Sam Sagman, 44 Stratford Place, New City, N.Y. 10956 3385 N. M. Graver, Box 18051, Rochester, N.Y. 14618 3386 Edward B. Hoffman, P.O. Box 522, Jacksonville, N.C. 28540 3387 Morris Orber, 74 Riviera Dr. So., Massapequa, N.Y. 11758 3388 Donald E. Sones, 600 Laird St., Picayune, Miss. 39466 3389 C. Glenwood Crist, P.O. Box 4555, Cedar Rapids, Iowa 52407 J3390 Mark R. Jones, 104 Briarcliffe Rd., Cheektowaga, N.Y. 14225 3391 Paul T. Jung, 1027 W. Bridge St., Phoenixville, Pa. 19460 3392 Herbert P. Hicks, 40 Pheasant Hill Dr., Marlboro, Mass. 01752 3393 Charles A. Rogers, 1907 Rockaway Parkway, Brook- lyn, N.Y. 11236 3394 William L. Spencer, 3306 Pershing Dr., El Paso, Texas 79903 3395 Gerome Walton, P.O. Box 991, Kansas City, Mo. 64141 3396 Howard Frost, 6443 W. Sixth St., Los Angeles, Calif. 90048 3397 John Zia, P.O. Box 1324, Redwood City, Calif. 94064 3398 Robert A. Gray, 3529 Lord Byron Dr., Bethlehem, Pa. 18017 3399 Harry W. Mendelsohn, 128 Church St., Torrington, Conn. 06790 3400 W. H. James, 3015 Hazel St., Texarkana, Texan 75501 3401 Herbert Rubin, 21 Fairway Close, Forest Hills Gardens, N.Y. 11375 3402 David L. Branche, 437 Westover Hills Blvd.—#12, Richmond, Va. 23225 3403 Homer Grehl, P.O. Box 1153, Ft. Lauderdale, Fla. 33302 3404 William L. Coker, 1405 S. Jenkins, Norman, Okla. 73069 3405 James Partridge, RR #3, Amery Wis. 54001 J3406 Michael Nanney, 1086 Woodhaven Drive, Baton Rouge, La. 70815 3407 Anthony Torcivia, 220 Orient Ave., Boston, Mass. 02128 3409 Mike F. White, 118 Countryview Dr., Naperville, Ill. 60540 3410 Roy B. Carlson, 145 Brook St., San Carlos, Calif. 94070 3411 Gene R. Gillworth, P.O. Box 15312, South Gate Sta., Sarasota, Fla. 33579 3412 William F. Meyer, Route 2, Box 268, Mason, Wis. 54856 3413 Anthony C. Xerri, P.O. Box 21, Detroit, Mich. 48223 3414 Ralph P. Werve, P.O. Box 951, Saginaw, Mich. 48606 3415 Tony L. Azevedo, 3309 Reynolds Ave., No. Las Vegas, Nev. 89030 3416 Wilbur E. Morgan, Winslow Trailer Park, Elizabeth City, N.C. 27909 3417 Hugh M. Caraher, 312 Mercer St., Turtle Creek, Pa. 15145 3418 John W. Buttram, 206 N. Bond, Dallas, Texas 75211 Specialty Federal Reserve Notes; Military Payment Certificates Paper money of the world U. S. large-size notes Items related Lo photography Military Currency World War II Fractional Currency Mississippi state currency $1 Federal Reserve Notes Series 1969 and later ; $2 U. S. Notes, small-size U. S. small-size notes U. S. National Bank Notes; Scottish bank notes Foreign Currency Bank of Mexico notes; Chinese Nebraska National Currency; obsolete notes U. S. broken bank notes Obsolete currency General General and National Currency Fractional Currency U. S. large-size notes and Southern Na- tionals U. S. Small-size notes Mississippi Confederate and broken bank notes Mexico Federal Reserve Notes beginning nos. "00" U. S. types and foreign National Bank Notes One pound notes; Central Bank of China Worldwide paper money Federal Reserve Notes $1—ending in "049" U. S. and Canada U. S. and foreign North Carolina bank notes U. S. large and small-size notes U. S.—current and obsolete WHOLE NO. 42 Paper Money PAGE 91 3419 Fremont Tittle, 1800 Winding Trail, Springfield, Ohio 45503 Canadian; U. S. $2 notes 3420 Edward J. Turek, 2204 Memasha Ave., Manitowoc, Wis. 54220 C, D U. S. large-size National Currency ; Frac- tional Currency; Gold Notes 3421 Paul P. Hawley, 6944 Whiskey Creek Dr., Fort D Myers, Fla. 33901 3422 Frank B. Hesslein, Jr., 4370 Cultry Drive, Miami, Fla. 33133 C U. S. large-size notes 3423 Dr. Geo. W. Vogt, 909 Travis, Houston, Texas 77002 D 3424 Carl C. Lavery, P.O. Box 27328, Houston, Texas C U. S. 7'7027 3425 Vern H. Christensen, 554 Fulton Ave., Waukegan, Ill. 60085 C. D U. S. 3426 Roscoe E. Menz, 813 13th St., Highland, Ill. 62249 C 3427 Stephen M. Peiper, 8376 Summerdale Ave., Phila- delphia, Pa. 19152 C U. S.—large and small-size Silver Certifi- cates 3428 Grant H. Stringham, P.O.Box 547, Pasco, Wash. C Federal Reserve Notes 99301 3429 Lester Shultz, Jr., 402 Park Drive, Greenville, Ohio C National Currency, large-size 45331 3430 S. P. Neves Darmofal, 2195 Walton Ave., Apt. 3 A, Bronx, N.Y. 10453 C U. S.—large and small-size rare notes 3431 LCDR Helen P. Steve, NC USNR Ret., 3907 Georgia St., Apt. 11, San Diego, Calif. 92103 C U. S. small-size notes—S.C. $1, $5, $10 blocks; blocks—Hawaii & North Africa ; blocks $2 & $5 U. S. Legal Tender ; $1 F.R.N. 3432 Jack Thorpe, P.O. Box 12654, Tucson, Ariz. 85711 C U. S. 3433 James Jay Morris, 27 Robinwood Ave., Columbus, Ohio 43213 C 3434 Harold J. Eisenburg, 144A Clintwood Ct., Roches- ter, N.Y. 14620 C, D $1 Federal Reserve Notes 3435 Elvin B. Miller, 146 Valley View Ave., Leesburg, Va. 22075 C, D National Currency of Virginia—large and small-size notes 3436 James D. O'Donnell, 16835 Wildemere Ave., Detroit, Mich. 48221 C 3437 Isidore Herman, 1491 E. 19th St., Brooklyn, N.Y. C Fractional Currency 11201 3438 Godfrey Wilbert, Seminary Hill Road, Carmel, N.Y. C Colonial and Continental 10512 3439 Edward G. Guerinot, 17 Lowden Pt. Rd., Rochester, N.Y. 14612 C U. S. and foreign 3440 Ronald Weischedel, 3071 Valley Rd., Millington, N.J. 07946 C U. S. large-size notes 3341 Richard C. Grundish, Sr., P.O. Box 866, Russells C, D National Bank Notes—large and small-size Point, Ohio 43348 3442 Frank J. Geiner, Jr., 604 Strafford Pl., Toledo, Ohio C 43620 3443 Douglas E. Robinson, P.O. Box 711, Cypress, CA C, D 90630 3444 John M. Jaremback, P.O. Box 4542, Trenton, N.J. C U. S. small-size notes 08611 3445 Ronald F. Worley, 220 North 18th St., St. Joseph, Mo. 64501 C U. S. small-size notes 3446 Terry F. Vavra, 5744 Northview Pl., Riverside, CA C Any obsolete currency prior to 1923; Frac- tional Currency 3447 Paul O'C. Lowen, 601 West 30th St., Hialeah, Fla. C 33012 3448 Nicholas J. Bruyer, 6254 Channel Dr., San Jose, CA C Obsolete U. S. types; broken bank notes 95123 3449 Ernest C. Wilkens, 1732 Norman St., Brooklyn, N.Y. 11227 C 3450 Henry M. Harrington, 170 N. Main St., Acushnet, Mass. 02743 C U. S. small Silver Ctfs. and U. S. Notes; F.R.N. block set; local bank notes- large-size 3451 Jack D. Juech, 1615 N. 35th St., Milwaukee, Wis. C U. S. and foreign 53208 3452 Gerald K. Mosso, 605 Sprucewood, Fairbanks, Alaska 99701 C U. S.—large and small-size Silver Certifi- cates and U. S. Notes 3453 George J. Seals, Box 81, Mt. Home, N.C. 28758 C U. S. small-size notes after 1950 3454 Joseph M. Baretincic, 134 Mulberry St., Johnstown, Pa. 15905 C U. S. large and small-size National Cur- rency 3455 Philip Pfeiffer, 1617 N. Baylen St., Pensacola, Fla. C Obsolete notes and National Bank Notes of 32501 Pensacola, Fla. 3456 Norman G. Sener, 138 N. Water St., Lancaster, Pa. C General 17603 3457 Robert Boyle, 527 Clearview St., Pottstown, Pa. C National Bank Notes, large-size 19464 PAGE 92 Paper Money WHOLE NO. 42 3458 Walter L. Willson, 8202 Tindall Road, Davisburgh, Mich. 48019 3459 Edward A. Coyne, Box 18563, Boston, Mass. 02118 3460 Walter L. Mason, Jr., 505 1/2 - 11th St., N.W., Wash- ington, D.C. 20004 3461 Stanley Samalon, 1215 8th Ct., Hampton, Ill. 61256 3462 Robert J. Galiette, 114 Mapleridge Dr., Waterbury, Conn. 06705 3463 Carl Cochrane, P.O. Box 35, Osceola, Ark. 72370 3464 Hubert Park Beck, 523 West 121st St., New York, N.Y. 10027 3465 H. W. (Bill) Meserve, P.O. Box 234, Keystone Heights, Fla. 32656 3466 Lars Ridstrom, Artillerigatan 22, Stockholm, S114 51 Sverige 3467 Gary F. Snover, P.O. Box 3034, San Bernardino, Calif. 92404 3468 William S. Lavick, 1 Roman Lane, West Islip, N.Y. 11795 3469 George H. Kwatcher, 20 Sutcliffe Park, Newton Highlands, Mass. 02161 3470 Ted Grasser, Jr., P.O. Box 493, So. Lake Tahoe, CA 95705 Silver Certificates, broken bank notes of Michigan C, D Printing errors D C C Sheets of obsolete Connecticut bank notes; Colonial C U. S. large-size notes—types C, D Old bonds; items relating to railroads C All types C D World currencies C Long Island National Bank Notes; Federal Reserve Bank Notes C, D U. S. large-size notes C Deceased 1506 Lesley G. Lodge 241 Jules Mero 511 Al C. Overton 427 R. H. Porter 1656 Duane M. Tucker 2596 Hubert A. Tyer Resignations 929 Dr. W. H. Aydelotte 3053 Paul D. Best 1657 Dale R. Brinker 1579 Kenneth M. Eaton 3263 Harold J. Ericsson 2354 Cy Horwitz 1227 Paul W. Hotaling 952 F. H. Laube 2231 Eben P. Lufkin 574 Dr. Howard E. Mathay 1046 Dr. Thomas A. McClure 3145 Grady McRae, M.D. 2630 675 3090 2960 3228 1603 1787 2846 207 2768 996 Denver G. Rich Virgil K. Rowland Bron J. Rusin Canfield F. Smith Joseph F. Sourek David L. Spahr Alvah Tetrault Vincent F. Torhan Miss Marguerite L. Allan Wetzelberger Mrs. Adam Wohlfart Utz SHARE IN MY SERENDIPITY! Just uncovered a hoard of $10 Small-Size National Bank Notes of First National Bank, Toledo, Ohio Charter No. 91 TYPE I, CRISP, UNCIRCULATED—$19.95 EACH OR 10-PIECE LOT FOR $190.00 Attention: Low Charter Number Enthusiasts: Ohio led the nation with 29 of the first 100 National Bank charters—It had more bank charter numbers under 100 than any other state—And here is No. 91 from a bank that went into receivership April 3, 1934! JULIAN LEIDMAN 8439 GEORGIA AVE., SILVER SPRING, MD. 20910 Tel: (301) 585-8467 Member of Most Leading Numismatic Organizations WHOLE NO. 42 Paper Money PAGE 93 MONEY MART FOR USE BY MEMBERS OF THE SOCIETY ONLY PAPER MONEY will accept classifield advertising from members on a basis of 5c per word, with a mini- mum charge of $1.00. The primary purpose of the ads is to assist members in exchanging, buying, sell- ing, or locating specialized material and disposing of duplicates. Copy must be non-commercial in na- ture. At present there are no special classifications but the first three words will be printed in capital letters. Copy must be legibly printed or typed, accompanied by prepayment made payable to the So- ciety of Paper Money Collectors, and reach the Editor, Barbara R. Mueller, 225 S. Fischer Ave., Jeffer- son, Wis. 53549 by Aug. 10, 1972. Word count: Name and address will count for five words. All other words and abbreviations, figure combinations and initals counted as separate words. No check copies. 10% discount for four or more insertions of the same copy. Sample ad and word count: WANTED: CONFEDERATE FACSIMILES by Upham for cash or trade for FRN block letters, $1 SC, U. S. obsolete. John Q. Member, 000 Last St., New York, N. Y. 10015. (22 words; $1; SC; U. S.; FRN counted as one word each) (Because of ever-increasing costs, no receipts for MONEY MART ads will be sent unless specifically requested.) FOREIGN PAPER MONEY wanted. Must be crisp, uncirculated. Send insured with reasonable prices. Neill Aiello, 2250 Grand Concourse, Bronx, N. Y. 10457 (43) WANTED: OKLAHOMA NATIONALS large and small size National Bank Notes wanted on all towns in Okla- homa. I will buy or trade notes from other states. Please let ms know what you have and what you are interested in. Dale Ennis, Box 14, Coalgate, Okla. 74538 (42) BUYING ILLINOIS BROKEN bank notes, National Currency, especially Springfield. Also buying all small and large currency. Please price. B J Coin Shop, 3123 S. 31st, Springfield, Ill. 62707 (42) WANTED: SOUTH CAROLINA colonial, obsolete and National Bank Notes. Top prices for S. C. proofs. Austin M. Sheheen, Jr., P. 0. Box 428, Camden, S. C. 29020 (48) FOREIGN PAPER MONEY and Military Payment Cer- tificates wanted. Please describe and price or send insured for fair offer. Joseph Persichetti, Box 423, Great Neck, N. Y. 11022 (43) WANTED: SOUTH CAROLINA currency, I need colonial and obsolete bank notes for my collection. Robert B. Fraser, P. 0. Box 720, Georgetown, S. C. 29440 (42) WANTED: CONNECTICUT CURRENCY. National Bank Notes, obsolete bank notes, scrip and tokens; Con- necticut colonial currency. Richard Ulbrich, Box 401, Cheshire, Conn. 06410 (44) WANTED: BROKEN BANK notes and sheets of the New England States for my collection. I will travel with- in New England and New York for large offerings. Top prices paid, write with description and price wanted or send notes for my offer. No obligation. John Ferreri, P. 0. Box 33, Storrs, Conn. 06268 (42) NEW YORK STATE Nationals wanted. Large or small- size. Condition important. Price and describe. All cor- respondence answered. R. L. Boyce, P. 0. Box 362, Canadaigua, N. Y. 14424 (44) WANTED: MAINE NATIONAL Bank notes before 1929, Maine obsolete bank notes. Buy and trade. Donald Priest, 41 Main, Fairfield, Maine 04937 (44) MINNESOTA NATIONALS WANTED: Small or large- size. Will pay cash or trade. Please describe fully and advise your preferences as to state you desire. Second needs are for North Dakota, South Dakota or Montana. John R. Palm, 18475 Thorpe Rd., Deephaven, Wayzata, Minn. 55391 (44) MISSOURI CURRENCY WANTED: Nationals, obsolete and bank checks from St. Louis, Maplewood, Clayton, Manchester, Luxemburg, Carondolet and St. Charles. Ronald Horstman, Route 2, Gerald, Mo. 63037 (44) TEXAS NATIONALS WANTED. Singles and sheets for my collection, especially West, Longview, Taylor. Ennis, Sonora, Granger. Marvin Mikeska, Box 26, Long- view, Tex. 75601 (46) WANTED: NEVADA, NEW Mexico and Arizona Nation- als both large and small. Paying top cash prices. Jack Everson, 1005 Cuthbert Ave., Midland Tex. 79701 (44) ARIZONA OR ARIZONA Territorial notes wanted, all banks, all denominations, all conditions except washed or doctored notes. Highest prices paid in the country. Peter Huntoon, P. 0. Box 81002, Lincoln, NB 68501 LINCOLN, PA. NATIONAL notes wanted Charter No. 3198. Large or small, any type, any denomination, or uncut sheets. Price and describe. Elmer E. Pierce, P. 0. Box 131, Ephrata, PA 17522 (45) WANTED: OHIO NATIONALS, large or small, from Akron, Barberton, Cuyahoga Falls, Kent, Ravenna, Hud- son, Medina, Wadsworth, Wooster. Please write David Halaiko, 2175 Coventry, Cleveland, OH 44118 WANTED: NATIONAL BANK Notes issued on Texas banks. All denominations. John R. Culver, 107 W. Wall St., Midland, TX 79701 (45) PRIVATE COLLECTOR BUYING anything pertaining to United States Fractional Currency. All single notes must be in crisp uncirculated condition. Especially interested in strips and blocks, extra fine or better. Describe fully in your first letter, stating your best price. Lester J. Giroux, 115-66 St., West New York, NJ 07093 FOR SALE OR trade: Criswell Type 4 Confederate note, serial #63, grades extremely fine, small X cut cancelled. Would prefer to trade for type 11 very fine or better, or type 12 extremely fine or unc. Also, want to buy prints of the 10, 50, 100, 500 dollar chemicograph backs. Will also buy 5 and 20 dollar in order to get the rest. Robert Cardiff, P. 0. Box 86, Urbana, IL 61801 U. S. POSTAL Notes wanted. I need 19th and early 20th century U. S. Government Postal Notes (Money Orders) any condition. Write or send. Nicholas Bruyer, 6254 Channel Dr., San Jose, CA 95123 SPRINKLE WANTS UNCUT sheets of bills, checks, rail- road passes, bonds, proofs, scrip, trade dollars. Frank Sprinkle, Box 864, Bluefield, WV 24701 PAGE 94 Paper Money WHOLE NO. 42 OLD BONDS, STOCKS: (Mississippi Union Bank; Plant- ers), paper money, coins, Moody's, Poor's, railroad items, deeds, mortgages, notes. American, Russian, Chinese, etc. Hubert Park Beck, 523 W. 121 St., New York, NY 10027 (45) MILITARY PAYMENT CERTIFICATES wanted. Series #461 through #692. Paying higher prices for CU notes. Want list available. Postage returned for all inquiries. Sam Miller, Box 2443 C.S., Pullman, WA 99163 (45) WANTED: GERMAN NOTGELD in quantity: collec- tions, accumulations, dealer's stock, publications. Price or describe for offer. Frank B. Fritchle, 1163 Pomegran- ate St., Sunnyvale, CA 94087 (45) WANTED: LAWRENCE, KANSAS national or obsolete notes. Let me know what exists. Will buy, trade or photograph for research collection. S. Whitfield, Rte. 1, Box 31, Lawrence, KS 66044 (43) MASSACHUSETTS OBSOLETE CURRENCY: I want notes, checks, vignettes, proofs, scrip, especially items on Boston banks. Price and describe or send for fair offer. James F. Stone, Box 125, Milford, NH 03055 (45) WANTED: GEORGIA OBSOLETE bank notes: $50, $100, $500 Bank of Middle Georgia, Macon; $100 Bank of Fulton, Atlanta; $500 Bank of Columbus, Columbus; $100 Georgia R.R. & Banking Co., Augusta; $500 Union Bank, Augusta; Atlanta Bank, Atlanta (any denomination) ; Pigeon Roost Mining Co., Lumpkin County (any denomina- tion). Or, what have you? Benjamin B. Du Bose, P. 0. Box 993, Atlanta, GA 30301 WANTED: SERIES 1935G, W/M, $1 Silver Certificate with a check or sheet position letter F. F. Edward Burke, 7862 Seward Ave., Mount Healthy, OH 45231 NEED ENDING SERIAL numbers 00, 22, 33, 44, 55, 66, 77, 88, 99 for 1969, 1969-A both regular and star. Will trade for or buy. James Morris, 27 Robinwood, Columbus, OH 43213 $2.00 U.S.N. OFFER: 43 notes, 1928D (D-A), VG-F; 1928F, 1928G (D-A), seven 1953 F/AU crease. Twenty- five 1953A XF/Unc. Three 1953C (1 unc., 2 AU). Five 1963 F/AU. First check $125 (or 100 Unc. FRN Fowler or Dillon). Phil MacKay, Box 235, Osceola, MO 64776 TRADE 1928P $2 VG or 1928A $2 VG or 1928G $2 Crisp Unc. nicely centered, any one for your 1929 $5 Nationals VG. Multiples welcomed. David Jurgensmeier, Box 33, Winnebago, IL 61088 SOUTH CAROLINA OBSOLETE notes, scrip, and re- lated items urgently wanted. Highest prices. Bill Mc- Lees, P. 0. Box 496, Walhalla, SC 29691 (45) OBSOLETE CURRENCY BOOK cataloguing and pricing all known Nebraska notes prior to 1900 with many photo- graphs and histories of many issuers. 64 pages, hard- bound, only 29 copies left in print at $6.75 postpaid. James L. McKee, 3425 Otoe, Lincoln, NE 68506 DISPOSING OF LARGE personal collection of obsolete currency; no printed lists; send your want list with 8c stamp for individual listing. Helen H. Williamson, 628 Belleville Ave., Brewton, AL 36426 VIRGINIA OBSOLETE NOTES: Wanted notes and scrip issued by counties, cities, towns, merchants and sheriffs. Will purchase or trade. Please send list, including grades and prices. J. Brian Brooks, 4407 Wythe Ave., Richmond, VA 23221 UNCUT SHEET AFRICA 1935A yellow seals for sale. Send stamp for description. J. W. Bailey, P. 0. Box 6088, Denver, CO 80206 91114Awai ThationalA Need over 200 different and will pay retail ! Will buy large or small size, one piece or whatever. Grade not important. Buy any uncut sheets. Want any material pertaining to Missouri National Banks. Prices & de- tails in first letter please. Also, need your collection of U.S. paper money. Always have $100,000 or so avail- able. We pride ourselves in quick, honest, confidential transactions. Bank reference: Home State Bank, K. C., Kansas—Officer: Urban Hess. 3)Led Stwanky, Rai& Caillh, P. 0. Box 10144 K. C., Mo. 64111 816-753-5860 SPMC No. 3093 Interested in National Gold Bank Notes? • Read the full and fascinating story of the development of the California National Gold Banks and their notes in the Winter 1972 issue of The 11-i:ssay,Proof Journal Profusely illustrated with photos of rare notes, vignette proofs and bank officers. Includes tabulations of dates of operation, officers' tenure and bank assets. Authored by Ernest Wilkins, with assistance from Thomas F. Morris, Jr., son of the famed bank note and stamp designer. • Available for $2.50 postpaid from • KENNETH MINUSE Ex. Sec., Essay-Proof Society 1236 Grand Concourse New York, NY 10456 Announcing that we have been awarded the auction sale of the fabulous KING FAROUK Latin American paper money collection AsCOATA ;– (econoce eate bilrete This collection is presently the property of THOMAS C. BAIN (Board of Governors and past president of The Society of Paper Money Collectors) POR UN REAL EV quo sera paga0a layloa y al portador por la Rureria *oral intitilyrea COINS OF THE WORLD The collection was purchased in Cairo by the late Robert Schermerhorn. After his death Mr. Bain purchased it from his estate and has conserved it intact in his vault. The collection features many pieces of Latin American paper money which have never before been offered for sale. The sale (both mail and floor bids) will take place at the Hilton-Palacio del Rio in San Antonio, Texas on August 26-27. The sale will also include important consignments of World coins, Paper money, medals, tokens, and proclamation pieces, from other important and well known collections. Price of the catalog is 2.00 in the U.S. and 3.00 for overseas, including air postage. Prices realized will cost an additional dollar. If you do not care to cut coupon, just send your name and address, with your remittance, to us SUITE D MILAM BUILDING SAN ANTONIO, TEXAS 78205 51 2 226-0592 COUPON Enclosed is 2.00 for the auction catalog. Enclosed is 3.00 for the auction catalog (foreign addresses) I plan to attend the sale, please reserve a seat for me. Enclosed is 1.00 for prices realized. NAME ADDRESS CITY STATE ZIP DCK Offers Choice Paper Money Five-day return privilege. Satisfaction or prompt cash refund. I BUY, too. NATIONAL BANK NOTES LARGE-SIZE NOTES F-41 $2 1862 AU, no folds, corner wear $180 12058 F-660 Indiana Harbor, Ind. eleven word title, forbidden title, fine $50 F-68 $5 1875 CU $100 906 $10 1929-11 Lexington, Ky. CU $45 F-78 $5 1880 Fine, Rare $45 4956 F-487 Louisville, Ky. VG $47.50 F-88 $5 1907 CU, Serial H99 $60 12523 F-635 Crowley, La. AU $175 F-96 $10 1869 Jackass CU GEM $235 12523 F-661 Crowley, La. AU, paper clime rust mark $150 F-114 $10 Bison CU, beauty $140 847 F-380 Boston, Mass. Fanevil Hall (Cradle of F-115 $10 Bison Crisp XF, rare $90 Liberty ) NB, Fine $65 1 will pay $140 for F-115 in CU. Paying top prices 2891 F-624 West Point, Miss. Fine + $185 for all CU Bison. Write or call if you want to thin out your herd.) 2957 F-624 Meridian, Miss. VG $125 F-129 $20 1878 Double Red XX CU $285 7216 F-652 Greenwood, Miss. AU $275 F-141 $20 1880 CU GEM $200 9040 F-652 Pontotoc, Miss. VG-F $150 F-215 $1 1886 CU $115 10361 F-630 Columbus, Miss. VF $200 F-222 $1 1891 XF $60 12587 $5 1929-I Yazoo City, Miss. CU $65 F-224 $1 Educational F....$40 ; CU $115 1417 F-624 Nebraska City, Neb. CU $105 F-225 $1 Educational AU $90 3523 F-640 Weeping Water, Neb. F-VF $80 F-248 $2 Educational CU $360 8424 F-615 Reno, Nevada CU POR F-269 $5 Educational CU $410 733 F-480 New York, N.Y. CU GEM $200 F-278 $5 Onepapa CU $110 1394 F-596 New York, N.Y. CU $125 F-282 $5 Lincoln Porthole VG $50 1250 F-647 New York, N.Y. VF $55 1146 F-587 Mad River NB, Springfield, Ohio CU $125 SMALL FRY 3274 F-467 Bucyrus, Ohio CU GEM $125 $1 1928-C Crisp AU, tiny corner fold $160 7487 F-621 Cleveland, Ohio AU $90 $1 1928-D AU plus, no folds $130 10321 F-655 Muskogee, Oklahoma XF $250 $5 1928-D $5 Red Seal key CU $75 9180 F-588 Portland, Oregon F $40 $1 1935-D Ladder Down L87654321G CU $75 586 F-508 $50 Brown Back, Washington, Pa. $1 1957-B U37/47 Serial Mismatch CU $30 CU GEM $700 $5 Sil. Cert. Set of 8 1934-53-B CU $100 5599 F-659 Mars, Pa. VG $45 6301 F-595 Pittsburgh, Pa. CU $125 COLONIALS 6638 F-624 Stoneboro, Pa. CU $60 Just this one sample from a new list now in preparation. If you did not receive my ALL-COLONIAL list last winter, drop 14211 $5 1929-11 Spartanburg, S.C. CU $125 me a line. 5358 F-577 Nocona, Texas AU, beauty $200 Continental Currency Jan. 14, 1779 Reconstructed pane of eight notes, $30 through $65. Uncut 2059 F-628 Salt Lake City, Utah VG-F $50 panel of 6 notes plus 2 notes cut from same pane. A few folds, but a real stunner. Mounted in custom page to permit 8736 F-641 Centralia, Wash. VF $60 viewing of both sides $250 Don C. Kelly BOX 3115 HAMILTON, OHIO 45013 (Charter No. at left/ (Friedberg Nos. ) 721 F-480 Bridgeport, Ct. CU $160 F-16 $1 1862 XF $65 1494 F-482 Winsted, Ct. XF $65 F-18 $1 1869 Crisp, no folds, tiny border scrape. Call it XF $60 7446 F-624 Washington, D.C. CU $85 F-26 $1 1875 CU, scarce $70 1860 F-602 Augusta, Ga. VG $45 F-35 $1 1880 CU $65 2287 F-416 Pekin, III. CU GEM $450 F-38 $1 1917 CU, the tough one $32.50 775 F-624 New Albany, Ind. CU, red sigs $55 PHONE 513-523-3805 OBSOLETE NOTES KENTUCKY $50, 1804 Kentucky Ins. Co. VG $45.00 $5, 1803 Kentucky Ins. Co. Lexington Fi. 45.00 $50, same, vg. 2 sm. holes at left 30.00 250, 1818 Covington, Ky. VG 9.00 500, 1837 Bank of Ky. Frankfort. VG 12.50 61/4¢, 1837 Lexington, Northern Bank of Ky. VG 17.50 50, 1862 Carlisle. Angle Brothers. Fine, rep. 15.00 $50, 1838 Feliciana. South Western Real Est., Bank of Ky. X. Fine 17.00 $1, 1818 Bank of George-Town XF 12.50 $5, same. 12.50 $3, 1819 Farmers-Commercial Bk, Carlisle XF 12.50 $I, same VF 10.00 MISSOURI 50, 186- Iron Mountain, Mo. Fine 12.50 $3, 1861 St. Louis. City Treasury Warrant VG 49.00 32, 18 Chas. Le Gendre & Co. State of Mo. 15.00 $1, 1862 C-13 Rev. are on 5 diff. Bills of Exchange The set of 5 35.00 $1, same but set of 4 diff. rev. 28.00 MARYLAND 250, 1838 Patapsco Bank of Maryland, Ellicotts Mills. XF 22.50 $1, 1840 Franklin R.R. Co. Hagerstown Bk. VG 15.00 6 1/4, 1839 Michaelsville, Harford Co. Fi. Unc 17.50 12 1/2, 1839 Same, vg. Small tear upper right 10.00 $10, 1840 Commercial Bank of Millington. Unc 7.00 LOUISIANA $2, 1862 City of Shreveport, VG, but has 2 small tears at left 7.50 $1, 1863 Town of Abbeville. EF, re. 5.00 100, 1862 Port Hudson News Office, Port Hudson, La. VG, scarce 25.00 $1, 1862 Vicksburg, Shreveport & Texas RR Co Monroe, La. VG 4.50 5¢, 1861 City of Baton Rouge. AU, scarce 12.50 100, 1862 Parish of West Feliciana. Unc. 8.00 500, 1862 C.C. Morgan, New Orleans. Fi, rep. 12.50 $2, 1862 G.W. Holt, New Orleans VF 7.50 $2, 1862 Patterson Iron Works. N.O. La. VG 7.50 500, same VG $5; Fine 6.50 250, 1862 Parish of Pointe Coupee. VF 7.50 $1, same vg/fi $6.00; AU 9.95 $2, same VF $7.50; Unc. 9.95 $3, 1862 Parish of lberville. Ab. Unc. 11.00 50¢, 1862, same, plain reverse. Fine 6.00 500, 1862, same, fancy reverse 12.50 500, 1862. Parish of Concordia. Fine 6.00 $1000, 18 Canal Bank of N.O. Unc. 19.00 DISTRICT OF COLUMBIA Washington City Canal Lottery (1800) 3.95 Chesapeake & Ohio Canal Co. $5, $10, $20, 1840 All with same serial and plate number. Rare set 27.50 250, 1862 Bullion Bank. Unc. pc. 12.50 $1, 1862 Bullion Bank. Colorful note Unc. 9.00 $2, same. Unc. 9.00 $3, same. Unc. 13.00 100, 1862 Bullion Bank. Unc. pc. 12.50 $5, 1862 Government Bank. Unc. 12.50 $1, 1852 The Presidents Bank. Unc. uns. 20.00 250, 1862 Farmers & Mech. Bk. Washington City fine 6.50 $1, 1854 Potomac River Bank, Georgetown Unc. 12.50 $2, same Unc. 12.50 $3, same, AU $11; Unc. 15.00 $5, same XF 9.95 $3, 1852. Columbia Bank. Unc. 13.00 KANSAS CITY of Leavenworth 1871 uns. AU, fold 55.00 ILLINOIS Freeport, Thom. Long. Stephenson County Bank. Unc. PC 5¢ scarce 15.00 Same as above but 10¢ scarce 15.00 Same as above but 15¢ scarce 15.00 Same as above but 250 scarce 15.00 Same as above but 50¢ scarce 15.00 The Bank of Chicago, 1852 VG. uns. scarce $1 12.50 Bank of Cairo, 1840, vg. Tough note $5 17.50 Bank of Ottawa, Wm. H.W. Cushman. 1862 uns. 10¢ 15.00 Chicago, P. Palmer & Co. 250. Unc. Colorful 9.95 El Paso, Van Fleet & Boies 10¢ 1863. repaired 25.00 FLORIDA 18—Bank of Jacksonville $1 AU 9.95 Same but $2.00 9.95 Corporation of Tallahassee, 1862 500, good 10.00 same, but 25¢. On back of other notes 10.00 Merchants & Planters Bk, Magnolia, $5. 1833 XF 20.00 ARKANSAS Little Rock 18 Bank of the State of Arkansas. PROOF 95.00 500, 1862 Ft. Smith. Fine 25.00 $1, 1863 Corp. of Monticello. VG, left side weak 40.00 50¢, Fort Smith City, Ark. Mayus-Mayus. Ab. fi. Redeemed at Ft. Gibson, Cherokee Nation 75.00 250, 1862 Pine Bluff Telegraph Co. VF 45.00 50¢, 1862 Little Rock. Haynes Hotel. Fine 40.00 250, 1862 Eunice. Chicot County Exchange. VG 35.00 $2, 1838 Corp. of Little Rock. Probably the first note issued by Arkansas as a State VG 75.00 The above Arkansas notes are much rarer than listed MISSISSIPPI 1839, 12 1/20, or 1 Bit. Miss. Shipping Co. Natchez. XF and scarce 35.00 $10, 1862 Natchez. Treasurer of Adams Cty. VF 9.95 500, 1861, Vicksburg. Southern R.R. Co. XF 5.00 $2, 1862. Miss. Central R.R. Co. Holly Spgs. Un. 9.95 $100, 1838 Miss. & Ala. R.R. Co. Brandon VF 7.50 Same, but $20.00. VF 7.50 Same, but $10.00 XF 8.50 $10, 1862 Bank of Aberdeen, Aberdeen. Fine 9.50 $5, 1862 Natchez. Treas. of the County Adams VF 9.95 $1, 1862 Miss.-Tenn. R.R. Co. Granada. VG 5.00 500, 1862 A.H. Gardner, Osyka, Miss. Fine, rare 25.00 $5, 1862 Northern Bank of Miss. Holly Spgs. VG 17.50 $1000, 1839 Miss. Union Bk. Jackson. AU 45.00 MICHIGAN 18— Bank of Gibraltar. VF/XF uns. $2 15.00 $1, 18 Bank of Gibraltar. VF uns. 15.00 $5, same as above 15.00 $3, same as above 25.00 120, 1862 Cooper Thompson Co. Jackson. VG rare 27.50 $15, 1863 Central Mining Co. Eagle Harbor Unc. 12.50 10 0 , 1862 Barree Carrollton Manufact. Co. Carroll- ton, Mich. VF 12.50 250, same X.Fine 15.00 500, same VF 12.50 $3, 1843. Pontiac. Oakland County Bank. Unc. 9.00 $10, 1836 Bank of Ypsilanti. VG 6.00 MINNESOTA Dayton Bank, St. Paul $1, $2, $5 Unc Ea. 6.95 50, 1862 Treasurer of the City of St. Paul VF 25.00 50d, Highland, Wabasha Co. A.T. James uns. AU 27.50 50, 1862 Rochester, Minn. John R. Cook. VG 25.00 50, 1862 Minneapolis, Minn. R.J. Mendenhall Unc pc 25.00 250, same as above 25.00 BEN M. DOUGLAS PHONE 301-588-1341 P. 0. BOX 5980, BETHESDA, MD. 20014 SOUTH CAROLINA 64. 15E, March 6, 1776, Rare, Extra Fine 150.00 65. $3, 23 Dec 1776, Crisp Unc 85.00 66. $4, 23 Dec 1776, CU 85.00 VIRGINIA 67. 20 Sh, July 17, 1775, Fine 68. $80, 14 July 1780, V Fine 69. $100, 14 July 1780, XF, edge damage 70. $50, 16 Oct 1780, Crisp Unc 71. $100, 16 Oct 1780, XF, edge damage 72. $500, 1 March 1781, XF, sigs faded 40.00 75.00 100.00 150.00 125.00 75.00 MAIL BID SALE DUNE 30, 1972 As we approach our 1976 Celebration, these Old Colonial Notes will become Here is Parc TWO of our auction program. Prices shown are suggested retail choose. Ridiculous bid sheets are filed promptly, however. Good Hunting!! more and more significant. Bid More or Less, as you CONNECTICUT 1. 20 Sh, June 1, 1773, Crisp Unc $40.00 2. 9d, June 19, 1776, VF, repaired 10.00 3. 1 Sh, June 19, 1776, Crisp Unc, unlisted 35.00 4. 4d, Oct 11, 1777, Xtra Fine 15.00 5. 5 Sh, Certif, May 1789, Crisp Unc 20.00 DELAWARE 6. 20 Sh, June 1, 1759, VG, prtd by B. Franklin 35.00 7. 15 Sh, June 1, 1759, VG, prtd by B. Franklin 40.00 8. 2 Sh 6d, Jan 1, 1776, Fine 15.00 9. 10 Sh, Jan 1, 1776, XF 20.00 10. 2 Sh 6d. 1 May 1777, Fine 10.00 MARYLAND 11. $1/9, 10 April 1774, VF 20.00 12. $6, 10 April 1774, VF 15.00 13. $2/3, 10 April 1774, VF 20.00 14. $1 1/3 , 7 Dec 1775, VF 20.00 15. $ 1 1/3, 14 Aug 1776, Fine 20.00 MASSACHUSETTS 16. 2 Sh 8d, Dec 7, 1775, Good, Engr by Paul Revere, Rare 150.00 17. $1, 5 May 1780, VF, holed 15.00 18. $1, 5 May 1780, Extra Fine 20.00 19. $2, 5 May 1780, Fine, holed 10.00 20. $3, 5 May 1780, Fine, holed 10.00 21. $5, 5 May 1780, Fine, holed 10.00 22. $8, 5 May 1780, VF, uncancelled 20.00 23. 4d, Oct 16, 1778, Fine 85.00 41. 8 Sh, 2 Aug 1775, XFine 30.00 42. 4 Sh, 6 Jan 1776, Cr Unc 30.00 43. 8 Sh, 5 March 1776, Crisp Uric 50.00 44. 2 Sh Jan 6, 1776, Nearly Unc 30.00 NORTH CAROLINA 45. 3 Sh, April 23, 1761, VG, faded sigs, unlisted .. 75.00 46. $5, 8 Aug 1778, VG, damaged 25.00 47. $25, May 10, 1780, VG 30.00 PENNSYLVANIA 48. 10 Sh, 18 June 1764, VG 50.00 49. 5 Sh, March 10, 1769, VG 75.00 50. 2 Sh 6d, April 3, 1772, VF 35.00 51. 18d, 3 April 1772, VG 15.00 52. 16 Sh, March 20, 1773, VF 40.00 53. 50 Sh, 1 Oct 1773, Nearly Unc 20.00 54. 20 Sh, April 25, 1776, Xtra Fine 20.00 55. 1 Sh 6d, April 20, 1781, Fine 85.00 RHODE ISLAND 56. $2, 2 July 1780, XF 57. $5, 2 July 1780, Crisp Unc 58. $20, 2 July 1780, XF 59. 9d, May 1786, XF 60. 2 Sh 6d, May 1786, CU 61. 6 Sh, May 1786, CU 62. 20 Sh, May 1786, CU 63. 40 Sh, May 1786, CU 1 5 .00 15.00 10.00 15.00 30.00 30.00 30.00 30.00 NEW HAMPSHIRE 24. $5, 29 April 1780, XF, holed 65.00 NEW JERSEY 25. 3E, May 1, 1758, Fine 40.00 26. 6E, April 10, 1759, VG, repaired 45.00 27. 12 Sh, April 12, 1760, V Good 25.00 28. 12 Sh, Dec 31, 1763, Nearly Unc 45.00 29. 15 Sh, Dec 31, 1763, Crisp Unc 65.00 30. 30 Sh, April 16, 1764, Fine 40.00 31. 3E, 20 Feb 1776, VF, repaired 45.00 NEW YORK 32. 5 Sh, Feb 16, 1771, Fine 25.00 33. 10 Sh, Feb 16, 1771, Fine 25.00 34. 3E, Feb 16, 1771, VG 20.00 35. 10E, Feb 16, 1771, XF 75.00 CONTINENTALS 36. $ 1/8, 5 March 1776, VF, repaired 30.00 38. $2, 5 March 1776, Fine, repaired 40.00 37. $2/3, 5 March 1776, VF 35.00 73. $2, 10 May 1775, Crisp Unc 74. $ 2/3 Feb 17, 1776, Fine, torn 75. $8, May 20, 1777, Fine, edge damage (may be counterfeit) 76. $45, 14 Jan 1779, Crisp Unc New York Water Works 15.00 77. $2, 14 Jan 1779, V Good 39. 4 Sh, Aug 25, 1774, Fine 30.00 78. $70, 14 Jan 1779, Xtra Fine 40. 4 Sh, Aug 2, 1775, Nearly Unc Please observe regular Mail Bid Rules. Your full satisfaction guaranteed as always. Closing Date 30 June 1972. Please mail your bids promptly. Remember: Pronto Service (PCP °Ueda it COINS AND CURRENCY 2145 50th STREET, LUBBOCK, TEXAS (806) 747-3456 25.00 10.00 15.00 40.00 10.00 35.00 NATIONAL CURRENCY SPECIAL SALE-TAKE A 10% DISCOUNT ON ALL CURRENCY All of our National Currency is listed by Friedberg numbers, followed by the denomination, city and the charter number. N.B. means National Bank and # indicates the bank charter number. ALABAMA I R #1801-I $10 Talladega #7558 VG 25.00 FR #1802-1I $20 Mobile #1595 F/VF 39.50 FR #1802-II $20 Montgomery #1814 Ch AU 82.50 FR #1802-I $20 Dothan #5249 CU 84.00 ARKANSAS FR #050 $20 Newport #6758 CU 105.00 CALIFORNIA FR #571 $100 Fresno #5162. A very rare 2nd charter dated back. VF 325.00 FR #574 $5 Los Angeles #5927 VG 59.00 FR #1801-1 $10 Sacramento #8504 CU 39.50 COLORADO FR #1800-I $5 Greeley #4437 CU 49.00 FR #1801-I $10 Denver #3269 XF 39.50 FR #1802-I $20 Wray #8752 VF 79.00 DELAWARE FR #624 $10 Wilmington #1390 Only 30 banks in the state. XF 215.00 DISTRICT OF COLUMBIA FR #534 $5 Washington #5046 CU 245.00 FR #1801-II $10 Washington #13782 VG 25.00 FLORIDA FR #599 $5 St. Augustine #3462 VG 85.00 FR #1801-I $10 Tampa #3497 VF/XF . 55.00 FR #1801-I $10 Jacksonville #6888 XF 59.00 FR #1801-I $10 Pensacola #5603 VF ... 39.00 CU 73.50 HAWAII FR #1800-II $5 Honolulu #5550 F/VF Stained 70.00 IDAHO FR #1804-I $100 Boise #1668 XF/AU Rare 215.00 ILLINOIS FR #383 $1 Macomb #967. The rare variety with the blue fiber end paper CU 249.00 FR #416 $10 Paris #1555. A rare 1st charter note. CU 287.50 FR #496 $20 Lincoln #3613 F/VF 97.50 FR, #577 $10 LaSalle #2503 CU 165.00 FR #581 $20 Cambridge #2572 VG 109.00 FR #1801-I $10 Charleston #11358 VG .. 18.50 FR #1801-I $10 Clifton #6318 VF 25.00 XF 30.00 FR #1801-I $10 Dwight #8044 XF 35.00 FR #1801-11 $10 Chicago #13674 XF/AU 19.50 FR #1802-I $20 Chicago #11009 VF 29.00 FR #1802-I $20 Decatur #5089 Ch. AU 29.50 FR #1802-I $20 Newton #5869 Fine 36.50 FR #1802-I $20 Worden #10669 F/VF 39.50 INDIANA FR #387 Lazy $2 New Albany #701 Fine 195.00 FR #401 $5 Vincennes #1873 CU 295.00 FR #006 55 Ft. Wayne #11 F/VF 39.50 FR #609 $5 Fort Wayne #11 VF/XF .. 39.50 FR #621 510 Brookville #7805 AU 97.50 FR #658 $20 Fort Wayne #7725 F/VF 42.50 FR #1800-2 Evansville #2188 CU 26.50 FR #1801-I $10 Evansville #12444 VF 17.50 FR #1801-I $10 Winamac #7761 VF 18.50 FR #1801-I $10 Franklin #3967 VG 17.50 FR #1801-I $10 Lawrenceburg #2612 VG 17.50 FR #1802-I 520 South Bend #126 VG 29.50 IOWA FR #382 $1 Clarinda #2028 Fine Re- paired 225.00 FR #501 $20 Independence #2187 VF 92.50 FR #545 $10 Des Moines #2583 VF 119.00 FR #650 $20 Fort Dodge #2763 VG 45.50 FR #1801-I $10 Des Moines #2307 VF . 19.50 KANSAS FR #467 $5 Sterling #3207 VG 85.00 FR #597 $5 Topeka #3909 Rag 20.00 FR #598 $5 Beloit #3231 F/VF 45.00 FR #609 $5 Kansas City #6311 Fine 25.00 FR #624 $10 Coffeyville #6707 VG 29.00 FR #624 $10 Winfield #3351 Fine 45.00 FR #634 $10 Hiawatha #2589 VG 39.00 FR #639 $20 Clay Center #3345 Rag 24.00 FR #651 $20 St. Marys #3374 CU 80.00 FR #651 $20 Wamego #3434 CU 80.00 FR #664 $50 Coldwater #6767 F/VF 135.00 FR #1800-I $5 Wichita #2782 VG 15.00 FR #1800-11 $5 Wichita #2782 XF 24.50 Ch. AU 29.50 FR #1800-I $5 Emporia #11781 VG 19.50 FR #1800-II $5 Lyons #14048 The only small size national known to be signed by the Vice-President instead of the President. CU 130.00 FR #1801-I $10 Atchison #11405 Fine 26.50 FR #1801-II $10 Sterling #3207 VG/F 26.50 FR #1801-1I $10 Fort Leavenworth #8796 VF 49.00 FR #1801-II $10 Topeka #12740 VG 19.50 FR #1801-I $10 Topeka #3078 Ch. AU 39.50 FR #1802-I $20 Manhattan #3782 VF/XF 39.50 FR #1801-I $10 Lyndon #7222 Fine 33.00 FR #1802-II $20 Anthony #6752 F/VF 45.00 KENTUCKY FR #598 $5 Paris #6323 Ch. AU 95.00 FR #1800-2 $5 Lexington #906 CU 26.00 FR #1801-I $10 Ashland #3944 CU 45.00 FR #1801-I $10 Corbin #9634 CU 47.50 LOUISIANA FR #545 $10 Crowley #5520 VF 249.00 FR #608 $5 Shreveport #3600 CU 195.00 FR #640 $20 New Orleans #3069 Fine 75.00 FR #1801-2 $10 New Orleans #13688 Fine 22.50 MAINE FR #624 $10 Skowhegan #239 CU 187.50 MARYLAND FR #608 $5 Baltimore #5984 CU 62.50 FR-#632 $10 Baltimore #1413 CU 55.00 MASSACHUSETTS FR #466 $5 Boston #460 VF 65.00 FR #467 $5 Boston #1028 XF/AU 65.00 FR #480 $10 Worcester #765 CU 165.00 FR #487 $10 Gloucester #2292 CU 165.00 FR #621 $10 Greenfield #474 CU 142.50 FR #1800-II $5 Melford #12979 G/VG 13.50 MICHIGAN FR #419 $10 Grand Rapids #2460. Less than a dozen 1st charter notes are known on Michigan. Rare F/VF 225.00 FR #639 $20 Cheboggan #3235 F/V1f 55.00 FR #1801-I $10 Battle Creek #7589 VG 13.50 FR #1801-I $10 Ironwood #12387 VG 22.50 MINNESOTA FR #653 $20 Starbuck #9596 F/VF 52.50 FR #1800-I $10 Duluth #6520 CU 26.00 FR #1801-2 $10 New Prague #7092 CU 35.00 FR #1802-I $20 Mankato #4727 VG 29.50 FR #1802-I $20 Minneapolis #9409 Ch AU 33.00 FR #1802-I $20 Red Wing #13396 F/VF 39.50 MISSISSIPPI FR #624 $1 West Point #2891 A very popular title on this scarce state. XF/AU 325.00 FR #635 $10 Natchez #12537 XF 175.00 FR #1801-II $10 Columbus #10361 CU 99.00 FR #1800-II #10738 Uncut Sheet. See the uncut sheet section. MISSOURI FR #471 $5 King City #4373 CU 125.00 FR #484 $5 St. Louis #4178 F/VF 39.50 CU 130.00 FR #587 $5 St. Louis #170 Fine 20.00 FR #608 $5 St. Louis #11973 VG 65.00 FR #616 $10 St. Louis #4178 VG 25.00 FR #622 $10 St. Joseph #8021 XF/AU ....117.50 FR #1800-1 $5 Kansas City #3456 AU .... 14.00 FR #1802-I 820 Kansas City #11344 Fine 31.50 FR #1802-I $20 St. Louis #12916 AU .... 33.00 MONTANA FR #1802-I Helena #4306 Rarely do you see any Montana notes in Crisp Unc. such as this one 275.00 NEBRASKA FR #598 $5 Grand Island #2779 VF 32.50 FR #598 $5 Fremont #2848 Fine 32.50 FR #624 $10 Nebraska City #1417 CU 97.50 FR #625 $10 Stromsburg #8286 VG/F 32.50 FR #630 $20 Wisner #6866 VG/F 52.50 FR #650 $20 Osceola #6493 Fine 59.50 FR #1800-I $5 Ashland #2921 Fine 33.00 FR #1801-I $10 Fremont #2848 XF 23.00 FR #1801-I $10 Omaha #2978 XF 25.00 FR #1801-I 610 McCook #8823 Ch. AU 41.00 FR #1802-I $20 Wahoo #2780 Fine 32.50 FR #1802-I $20 York #2683 XF 35.00 FR #1802-1 $20 Beatrice #2357 XF 35.00 FR #1802-I $20 Wahoo #2780 Ch. AU 65.00 NEW HAMPSHIRE FR #402 $5 Milford #1070 This is the first 1st charter New Hamp- shire note we have handled and what a beauty. Ch. Crisp AU 350.00 FR #485 $10 Lakeport #4740 CU 265.00 FR #542 $10 Nashua #2240 VF 195.00 FR #598 $5 Concord #318 Ch. AU 125.00 FR #1802-I $20 Manchester #1520 VF NEW JERSEY FR #1800-I $5 Orange #4724 Ch. AU . 26.00 FR #1800-I $5 Berlin #9779 AU 47.50 CU 59.00 FR #1800-II $5 Medford #1191 Fine 13.50 FR #1800-I $5 Toms River #2509 Fine 19.00 FR #1801-I $10 Passaic #12205 VG 17.00 FR #1800-1I $10 Newton #925 VG 18.50 FR #1801-II $10 Montclair #9339 VF/XF 19.50 FR #1802-I $20 Newark #12570 VG 26.00 FR #1802-I $20 Jersey City #12255 VG 29.50 NEW MEXICO FR #579 $10 Las Vegas #2454 A very rare value back in outstand- ing condition. Choice XF/AU 850.00 FR #628 $10 Albuquerque #7186 Fine 165.00 FR #1801-I $10 Raton #12924 Ch. AU 185.00 NEW YORK FR #387 "Lazy 2" Rochester #527. A very scarce note as this bank was liquidated in 1872. Fine 9 10.00 FR #553 $10 New York #2370 VF 59.00 FR #632 $10 New York #10778 AU 39.50 FR #1800-I $5 New York #1461 CU 17.00 FR #1801-I $10 New York #2370 AU 17.50 CU 19.50 JOE FLYNN, SR. COIN CO., INC. 2854 WEST 47th STREET P. 0. BOX 3140 KANSAS CITY, KANSAS 66103 PHONE: 913-236-7171 10:30 A.M. to 5:30 P.M., C.S.T. NATIONAL CURRENCY SPECIAL SALE--TAKE A 10% DISCOUNT ON ALL CURRENCY FR #1801-1 $10 Little Falls #2406 VG 19.50 FR #1801-I $10 New York #11034 AU 19.50 FR #1801-1 $10 Adams #4061 Fine 23.00 FR #I801-I $10 Whitehall #2233 VF 25.00 We have several uncut sheets on New York. Check the uncut sheet section. NORTH CAROLINA FR #1801-I $10 Washington #4997 XF 100.00 FR #1802-II $20 Durham #13657 Fine 85.00 NORTH DAKOTA FR #1801-I $10 Grand Forks #2570 CU 75.00 FR #1802-I $20 Grand Forks #2570 Fine 55.00 CU 75.00 OHIO FR #624 510 Bucyrus #3274 Ch. AU 29.50 FR #661 $20 Youngstown #3 Ch. AU 50.00 FR #180141 $10 Bucyrus #3274 VF 18.50 FR #1801-1I $10 Blanchester #8588 AU 65.00 FR #1802-I $20 East Liverpool #2146 VG 31.00 FR #1802-II $20 Bucyrus #3274 CU 33.50 OKLAHOMA FR #1800-1I $5 Oklahoma City #4862 VG 17.50 FR #1801-1 $10 Muskogee #12890 Stained and torn. Fine 52.50 FR #1801-II Muskogee #12890 XF-I- 59.50 FR #1801-1I $10 Oklahoma City #11230 Fine 24.00 FR #1801-I $10 Muskogee #12890 VG/F 35.00 FR #1802-I $20 Tulsa #9658 Fine 36.50 FR #1802-I $20 Bartlesville #9567 AU 79.00 FR #1802-I $20 Haskell #7822 VG 40.00 FR #1803-II $50 Bartlesville #6258 Fine 85.00 FR #1803-I $50 Muskogee #4385 VF 105.00 FR #1804-I $100 Oklahoma City #4862 XF 145.00 OREGON FR #484 $10 Portland #4514 VG 55.00 FR #001 $5 Portland #4514 VG 45.00 CU 84.50 FR #616 $10 Portland #4514 VG 45.00 FR #652 $20 Vale #9496 VF 105.00 FR #1801-I $5 Portland #4514 Fine 22.50 ; XF 30.00 FR #1800-I $5 Portland #13299 VG 29.00 FR #1801-1 $10 Portland #1553 VG 21.00: XF 39.00 FR #1801-I $10 Portland #4514 F/VF 27.50; AU 49.00 FR #1801-1 $10 1st N.B. of Medford #7701 VG /F 35.00 PENNSYLVANIA FR #380 $1 Eric #515 Scarce. Bank liquidated in 1897. VF 85.00 FR #401 $5 Gettysburg #611 VG 50.00 FR #600 $5 1st N.B. of "Intercourse" #0216. A very unusual and popular name. VG 325.00 FR #621 510 Mauch Chunk #6534 Fine 97.50 FR #624 $10 Mount Joy #667 XF 80.00 SPECIAL FR #624 $10 Third N.B. of Pittsburgh #291. We just purchased 40 notes in Choice Crisp AU to Unc. condition. These catalogue at 540.00 each new. We can offer these nice notes at $23.75 each. FR #624 $10 Pittsburg #291 Cut sheet of 3 notes. Ch. AU 100.00 FR #650 $20 Bangor #2659 VG 32.50 FR #180041 $5 Pittsburgh #252 AU 29.50 FR #1800-II Mauch Chunk #6534 Crisp 43.00 FR #1800-I $5 Pittsburgh #252 VG 13.00 FR #1800-1 $5 Pittsburg #6301 CU 27.50 FR #1801-1 $10 Wilkes Barre #732 VG 18.00 FR #180141 $10 Schuylkill Haven #5216 CU 35.00 FR #1801-I $10 Mauch Chunk #6534 CU 32.50 FR #1801-1I $10 1st N.B. of "Inter- course" #9216 Scarcer than the large size. A popu- lar note. VG 149.00 FR #1802-I $20 Sharon VF 35.00 FR #1802-I $20 Indiana #313 F/VF 33.00 RHODE ISLAND FR #401 $5 Providence #565 XF 95.00 FR #1801-I $10 Providence #1007 VF 32.00 SOUTH DAKOTA FR #625 $10 Dell Rapids #3508 XF AU 105.00 FR #626 $10 Milbank #8698 Fine 105.00 FR #650 $20 Aberdeen #3326 Fine 199.00 FR #1802-I $20 Lemmon #12857 Very rare in Crisp Unc. 249.00 TENNESSEE FR #1802-I $20 Memphis #13349 Fine .. 38.00 FR #1802-I $20 Knoxville #2049 CU 49.50 FR #1802-IT $20 Chattanooga #7848 CU 69.00 FR #1804-I $100 Memphis #13349 CU . 143.0(1 TEXAS FR #537 $5 Dallas #2455 Ch. AU 119.50 FR #571 $5 Dallas #2455 Ch. AU 960.00 FR #588 $5 Houston #1644 VG 19.50 FR #593 $5 Cleburne #10411 G/VG 14.50 FR #624 $10 San Antonio #6956 Fine . 29.50 FR #625 $10 Houston #1644 VG/F 26.00 FR #627 $10 Houston #9712 VG/F 26.00 ; Fine 30.00 FR #628 $10 Houston #10225 Fine 30.00 FR #630 $10 Atlanta #4922 XF 79.50 FR #633 $10 Dallas #11749 F/VF 27.50 FR #635 $10 Dallas #12186 F/VF 27.00 FR #643 $20 Coleman #4683 Fine 65.00 FR #668 $50 Waco #10220 G/VG 69.50 FR #1800-11 $5 Luling #13919 CU 41.00 FR #1800-I $5 Dallas #3623 VG 15.00 FR #1801-I $10 Waco #2189 VF 19.50 FR #1801-I $10 Wichita Falls #4248 Fine 27.00 FR #1801-I $10 Houston #9712 VG 18.00 FR #1801-I $10 Victoria #10360 VG 18.50 FR #1802-I $20 Victoria #10360 VF/XF 35.00 FR #1802-1 $20 Dallas #12186 VF 35.00 UTAH FR 487 $10 Salt Lake City 2059 F VF 135.00 FR #490 $10 Brigham City #6036. A Choice Crisp Unc. Brown Back 595.00 FR #542 $10 Salt Lake City #4051 VG 89.00 FR #641 1320 Salt Lake City #9403 Fine 97.50 FR #642 $20 Salt Lake City #4310 F/VF 119.00 FR #643 $20 Natl. City Bank of Salt Lake City #10308 VF 119.00 FR #654 $20 Salt Lake City #2059 Ch AU 169.00 FR #660 $20 Ogden #2597 XF/AU 97.50 VERMONT FR #380 $1 Montpelier #857 The blue end serial number 444615 is overprinted 444625. VF 225.00 FR #598 $5 Montpelier #857 One of the rarest State Capital Notes. Ch. AU 157.50 VIRGINIA FR #545 $10 Richmond #5229 XF 165.0(1 WASHINGTON FR #624 $10 Colfax #7095 CU 167.50 FR #628 $10 Spokane #4668 XF/AU 65.00 FR #648 $20 Tacoma #3417 VF/XF 90.00 FR #650 $20 Dayton #2772 Fine 52.50 FR #1801-I $10 Bellingham #7372 VF 25.00 FR #1801-1 $10 Ellensburg #9079 CU 69.00 FR #1801-I $10 Snokomish #3887 VG/F 59.00 FR #1801-1I $10 Bremerton #9280 VG ... 30.00 FR #1802-I 520 Everett #4686 VG 33.00 FR #1801-I 510 Aberdeen #12704 Fine :30.00 FR #1802-I 520 Hoquian #4427 XF/AU 57.50 FR #1802-II $20 Seattle #11280 CU 62.50 WEST VIRGINIA FR #1800-II 05 Elkins #14002 CU 89.00 WISCONSIN FR #550 $20 Chippewa Falls #2125 XF 119.00 FR #577 $10 Neenan #6034 VF 105.00 FR #655 $20 Wisconsin Rapids #10330 Scarce Signature VG 45.00 FR #1802-I $20 Milwaukee #5458 VG 31.50 FR #1802-I $20 Milwaukee #64 This was the 1st bank in Milwaukee XF/AU 29.00 CU 31.50 FR #1802-II Milwaukee #64 VF 15.00 LEGAL TENDER NOTES FR #18 $1 Ch. AU 79.50 Crisp with a light corner fold 89.50 FR #26 $1 Ch. AU 39.50 FR #29 $1 Ch. AU 26.50 FR #37 $1 CU 27.00 FR #19 $1 Cut sheet of four notes. Very Scarce 139.00 FR #41 $2 CU 999 00 FR #67 $5 Ch. AU 129.00 Crisp Unc. 169.00 FR #69 S5 VF/XF 65.00 FR #76 85 Crisp XF/AU 75.00 FR #88 $5 Ch. AU 23.50 FR #91 05 CU 30.00 FR #93 $10 CU . 300.00 FR #106 $10 "Jackass Note" XF 79.50 FR #111 $10 Autographed by "Morgan" 145.00 FR #111 $10 AU 95.00 FR #118 $10 'Buffalo Note" CU 130.00 FR #141 $20 Ch. AU 129.50 FR #146 820 VG/F 59.00 FR #147 $20 VG/F 35.00 AU 97.50 SPECIAL FR #1500 Series of 1928 131 Red Seals Cats. at $40.00 each and they are nicely Centered notes. Only 23.75 ea. FR #1504 $2 AU 12.00 FR #1505 $2 CU 11.00 FR #1505 $2 "Star" CU 39.50 FR #1525 $5 VG/F 9.00 Ch. AU 14.00 ; CU 25.00 FR #1526 $5 VG/F 10.00 Ch. AU 34.50 FR #1527 $5 VF 9.00; AU 15.00 INTEREST BEARING NOTES FR #196 $10 Design #41. This is printed on India paper and is a proof impres- sion of the green reverse of the 1863 one year type note. An exceedingly rare item and much better than the Friedberg plate note as this note is Crisp Unc. 795.00 SILVER CERTIFICATES FR #218 $1 AU .............. 85.00 FR #219 01 Fine 35.50 FR #237 VF 10.00: CU 16.00 FR #237 $1 Cut sheet of four notes. CU 85.00 FR #247 $2 XF 210.00 FR #248 $2 XF 210.00 FR #257 $2 "Star" VF 95.00 FR #275 $5 CU 130.00 FR #280 $5 CU 130.00 JOE FLYNN, SR. COIN CO., INC. 2854 WEST 47th STREET P. 0. BOX 3140 KANSAS CITY, KANSAS 66103 PHONE: 913-236-7171 10:30 A.M. to 5:30 P.M., C.S.T. SPECIAL SALE-TAKE A 10% DISCOUNT ON ALL CURRENCY FR #281 $5 F/VF 55.00 XF/AU 75.00 FR #288 $10 VG 89.00 FR #304 $10 Ch. AU 165.00 FR #311 $20 Fine 260.00 FR #314 $20 Fine 270.00 FR #335 050 Crisp Unc. 650.00 FR #341 $100 Silver Cert. Series of 1880 with large brown seal in center of note. This is Design #81 and about the only note available as all others of this t y pe are ex. rare or unique. Catalogs $2250 in VF. Save $750 and buy our VF at only 1,495.00 FR #1601 $1 CU 4.50 FR #1602 $1 CU 8.00 FR #1603 01 CU 225.00 FR #1604 01 CU 170.00 FR #1605 $1 Crisp Unc. The key note of the series. Very Scarce 675.00 FR #1606 01 CU 6.25 FR #1608 01 "Star" CU . 10.00 FR #1609 $1 "R" Fine 16.00 FR #1610 $1 "S" VG 10.00 Fine 13.00; VF 19.00 FR #1609 & 1610 $1 H & S Set. CU. Cheap at ......... 115.00 FR #1611 $1 "Star" CU 35.00 FR #1012 $1 CU 6.75 FR #1612 $1 "Star" CU 12.00 FR #1613 $1 W.M. "Star" CU 7.00 FR #1613 $1 N.M. "Star C" CU 80.00 FR #1614 $1 "Star" CU 4.50 FR #1615 $1 "Star" CU 3.00 FR #1616 $1 "Star" CU 4.00 FR #1617 $1 "Star" CU 8.00 FR #1618 $1 "Star" CU 6.00 FR #1051 $5 "Star" CU 27.50 FR #1653 $5 "Star" CU 27.50 FR #1654 $5 W.M. CU 10.00 FR #1654 $5 "Star" CU 23.00 FR #1703 $10 "Star A" Fine Rare 250.00 FR #1704 $10 "Star" CU .. 39.00 TREASURY NOTES FR #149 01 CU 325.00 FR #352 $1 CU 95.00 FR #358 $2 CU Very minute fold 159.00 FR #363 $5 CU 179.00 FR #364 $5 AU 172.50 FR #369 $10 Ch. AU 199.00 CU 269.50 FEDERAL RESERVE BANK NOTES FR #742 01 Crisp Une. 47.50 FR #743 $1 AU 29.50 FR #771 02 Ch. AU 99.00 FR #775 $2 VG/F 35.00 FR #776 $2 CU 175.00 FEDERAL RESERVE NOTES FR #918 610 CU 22.50 FR #919 810 AU 17.00 FR #942 $10 "Star" Fine 16.00 FR #961 $20 VF 39.50 FR #977 $20 XF 32.50 ; AU 35.00 FR #978 $20 AU 32.50 FR #982 $20 AU 29.50 FR #1000 $20 XF 29.00 FR #1002 $20 VF 28.00 FR #1003 $20 XF 29.00 FR #1060 $50 XF/AU 80.00 FR #2006-C $20 "Star" CU 27.00 GOLD BANK NOTES A nice selection of this scarce series. FR #1136 $5 Very bright color. Very small tear in the upper left corner. F VF 415.00 FR #1138 $5 F/VF Nice bright note 395.00 FR #1139 $5 F/VF 425.00 FR #1141 $5 G/VG 250.00 FR #1146 $10 VG/F 450.00 GOLD CERTIFICATES FR #1169 $10 XF 39.50 FR #1172 $10 "Star" AU and very scarce 227.50 FR #1173 $10 F/VF 25.00 FR #1178 $20 VF 105.00 Ch. AU 199.00 FR #1200 $50 VG 80.00 FR #1212 $100 AU 290.00 FR #1215 $100 Ch. AU 225.00 FR #2400 010 "Star Note" Scarce Fine 57.50 VF 60.00; AU 89.00 FR #2402 $20 VG 24.00 Fine 26.00; CU 67.00 FR #2404 $50 VG/F 69.00 EMERGENCY ISSUES FR #2300 $1 CU 8.50 FR #2301 $5 VF/XF 27.50 FR #2304 $20 The rare series of 1934. Ch. AU 175.00 FR #2306 $1 CU 11.00 FR #2307 $5 "Star" CU 69.00 FRACTIONAL CURRENCY 13y Friedberg Numbers /11228 5e CU 27.50 #1230 5c CU 11.00 #1231 5c CU 37.50 #1232 5c AU 6.50; CU 9.50 #1233 5c CU 10.00 #1233-A 5e CU 295.00 #1236 5c CU 27.50 #1237 5c CU 42.50 #1252 10c CU 37.50 #1255 10c AU 7.00; CU 11.00 #1256 10c CU 14.00 #1257 10c CU 9.00 #1258 10c CU 9.00 #1259 10c CU 9.00 #1264 10c CU 10.00 #1265 10e AU 4.50 ; CU 6.50 #1266 10c AU 4.50; CU 6.00 #1283-A 25c VF Rare 125.00 #1287 25c CU 32.50 #1291 25c CU 22.00 #1294 25c CU 14.00 #1297 25c CU 48.00 #1298 25c CU 65.00 #1308 25c CU 6.50 #1309 25c AU 4.50 ; CU 6.00 #1324 50e CU 27.50 #1325 50c CU 145.00 #1332 50c CU 75.00 #1359 50c CU Stained 39.50 #1365 50e AU 27.00 #1370 50c CU 90.00 #1381 50c AU 11.00 SPECIMEN NOTES #1231 Sp. Rev. N.M. Crisp 13.00 #1238 Sp. Obv. N.M. Crisp 15.00 #1253 Sp. Obv. N.M. Crisp 20.00 #1272 Sp. Green Rev. N.M. Crisp 25.00 #1275 Sp. Obv. N.M. Crisp 100.00 #1282 Sp. Obv. N.M. Crisp 20.00 #1282 Sp. Rev. N.M. Crisp 20.00 #1314 Sp. Red Rev. N.M. Crisp 15.00 #1331 Sp. Green Rev. N.M. Crisp 20.00 #1343 Sp. Red Rev. N.M. Crisp 20.00 ERROR NOTES Listed by Donlon numbers. D-1-1 "Crease" 1950-D $5 Fed. Res. XF 15.00 D-1-1 "Crease" 1963 $10 Fed. Res. AU 20.00 D-1-1 "Crease" 1969 $10 Fed. Res. CU 20.00 D-1-1 "Crease" 1963-A $20 Fed. Res. XF 30.00 D-1-2 "Gutter" Obv. 1950A $10 Fed. Res. XF 14.50 D-1-3 "Blank Area" 1950-A $10 Fed Res. CU 35.00 D-1-4 "Ink Smudge" 1963-A $1 Fed Res. CU 15.00 D-1-4 "Ink Smudge" 1950-A $5 Fed Res. CU 22.50 D-1-4 "Ink Smudge" 1969 $10 Fed Res. CU 29.00 D-1-5 "Offset" 1935-E $1 Silver Cert CU 49.00 D-1-5 "Offset" 1969 $20 Fed. Res. CU 69.00 0-1-8 "Butterfly" 1950-D $20 Fed. Res AU 35.00 D-1-10 "Board Break" 1963 $1 Fed. Res This is the Donlon plate note. See pg 151 in Donlon's Small Size Paper Money. CU 125.00 D-2-12 "Inv. Rev." 1934 01 Silver Cert Fine 69.50 D-2-12 "Inv. Back" 1928 $5 Fed. Res F/VF 97.50 D-2-12 "Inv. Rev." 1934 $5 Silver Cert XF 77.50 D-3-8 "Mismatched Serial No." 1969 $1 Fed. Res. XF 24.50 Dbl. Err. Notes A combination of D-1-1 and D-C-3. 2 minor creases and a cut- ting error. XF 25.00 FR #57 $2 Inv. Rev. VF 175.00 FR #235 $1 Inv. Rev. AU 160.00 FR #249 $2 "Inv. Rev." F/VF 200.00 FR #271 $5 "Inv. Rev." VF 190.00 FR #717 $I "Inv. Rev." F/VF 140.00 UNCUT SHEETS OF U.S. CURRENCY We are pleased to offer an outstanding selec- tion of Uncut sheets (14 sheets in all). We feel that uncut sheets are grossly underpriced on today's market and should provide fan- tastic investment potential for the future as the supply is very thin. Why not add one of these sheets to your collection or have a sheet framed and hang it in your home or office? For your convenience we are listing the first serial number on most sheets. 1935-A $1 Silver Certificates. Sheet of 12 notes. Serial No. V43129009A Cata- log Value $500. Only 350.00 1935-A $1 Silver Certificates with the "Hawaii" overprint. Sheet of 12 notes. Serial No. F41964127C. Catalog Value $1400. Only 975.00 1935-B $1 Silver Certificates. Sheet of 12 notes. Serial No. C93384433D. Cata- log Value $650. Only 475.00 1935-D $1 Silver Certificates. Narrow Margin. Sheet of 12 notes. Serial No. B05520997G. Catalog Value $500. Only 385.00 $5 Legal Tender Series of 1903. Signa- tures-Elliot and White. FR #90 Sheet of 4 notes. This sheet is from the Grinnell sale of 1944, Lot 422. There were on ly 2 uncut sheets of Legal Tender notes in the Grinnell sale, this sheet and one other which was a circulated sheet. This sheet of notes could well be the only Crisp Unc. sheet of Legal Tender notes in exist- ence. Truly a museum piece in Superb Crisp Unc. 1000.00 1934-D $5 Silver Certificates. Wide Mar- gin. Sheet of 12 notes Serial No. Q71629033A. Catalog Value $575. Only 455.00 1953 $5 Silver Certificates. Sheet of 18 notes. Serial No. A00000027A. Cata- log Value $1000. Only 785.00 1953 $10 Silver Certificates. Sheet of 18 notes. Serial No. A00000043A. Cata- log- Value $1400. Only 1175.00 FR #1800-I Sheet of six $5 notes on the Lincoln N.B. of Buffalo, New York, Charter #13219. This is the No. 4 sheet. Only 275.00 FR #1800-II Sheet of six $5 notes on the 1st Columbus N.B. of Columbus, Mis- sissippi, Charter #10738. A very rare sheet on a most difficult state 575.00 Unique Sheet of three $10 and one $20 National Bank notes issued by the American N.B. of Jamestown, New York, Charter #9748. FR #627 on the $10 notes and FR #635 on the $20 note. It is unique in that the top is signed by the Cashier and President while each of the other three notes are signed by different Asst. Cashiers and Vice Presidents. A total of 8 different signatures on the sheet, three with "Asst." and "Vice" penned in A truly remarkable show piece 600.00 Two Sheets of three $10 and one $20 note, both issued by the N.B. of Fre- donia, New York, Charter #9019. FR #626 on the $10's and FR #652 on the $20 note. One sheet is mounted obverse up while the other is re- verse up 795.00 FR #1801-I Sheet of six $20 notes issued by the 1st N.B. of Tilden, Nebraska, Charter #9217. No. 1 Sheet 595.00 JOE FLYNN, SR. COIN CO., INC. 2854 WEST 47th STREET P. 0. BOX 3140 KANSAS CITY, KANSAS 66103 PHONE: 913-236-7171 10:30 A.M. to 5:30 P.M., C.S.T. ESTATE BID AUCTION SMALL CURRENCY Bid # Date Denom. Condition Fr. # City - Signature Value 1 1935F $1.00, Cr. Uncir., 1615 $5.00 2 1935F $1.00, Cr. Uncir, 1615 $5.00 3 1935F $1.00, Cr. Uncir., 1615 $5.00 4 1934 $1.00, E.F., 1606 $2.50 5 1928A $1.00, V.F., 1601 $4.00 6 1928A $1.00, V.F., 1601 $4.00 7 1928A $1.00, V.F., 1601 $4.00 8(4) 1928A $1.00, Cr. Uncir., 1601 $12.50 9(6) 1928F $1.00, E.F., 1507 $7.50 10(10) 1935A $1.00, V.F., 1609R $17.50 11(8) 1935A $1.00, V.F., 1609S $17.50 12 1935A $1.00, V.F., 1610 $17.50 13 1934A $10.00, V.F., 1702 $20.00 14 1934A $10.00, V.F., 1702 $20.00 15 1928B $1.00, V.F., $12.00 16 1935A $1.00, F., 16105 $17.50 17 1928 $1.00, E.F., 1500 $18.00 18 1935A $1.00, Cr. Uncir., 1609 $45.00 19 1934A $10.00, V.F., 1702 $22.50 20 1935A $1.00, F., 2300 $2.50 21 1928D $2.00, V.F., 1505 $8.00 22 1928D $2.00, E.F., 1505 $12.50 23 1928F $2.00, E.F., 1507 $8.00 24 1928G $2.00, Cr. Uncir., 1505 $9.00 25 1934A $5.00, V.F., 2302 $15.00 26 1935A $1.00, V.F., 2300 $4.50 27 1935A $1.00, V.F., 1608 $4.50 28 1935A $1.00, V.F., 1608 $4.50 29 1934C $5.00, Cr. Uncir., 1653 $22.50 30 1934C $5.00, E.F., 1653 $15.00 31 1935F $1.00, Cr. Uncir., 1615 $5.00 32 1935F $1.00, Cr. Uncir., 1615 $5.00 33(20) 1957 51.00, Cr. Uncir., 1619 $3.50 34 1957A $1.00, Cr. Uncir., 1620 $3.00 35 1928G $2.00, New, 1508 $9.00 36 1953G $2.00, Cr. Uncir., 1509 $7.50 37 1953G $2.00, Cr. Uncle., 1509 $7.50 33 1953 $2.00, V.F., 1509 $4.00 39(5) 1963 $2.00, Cr. Uncir., 1513 $4.00 40 1928D $2.00, F., 1505 $4.00 41(3) 1928G $2.00, V.F., 1508 $4.00 42(16) 1928G $2.00, E.F., 1508 86.00 43(3) 1935D $1.00, V.F., 1613 $3.50 45 1935A $1.00, F., 1.608 $2.50 46 1928B $1.00, Cr. Uncir., 1602 $12.50 47 1934A $5.00, V.F., 1651, Julian-Morgenthau $9.50 48 1934D $5.00, V.F., 1654, Clark-Snyder $8.00 49 1934D $5.00, Fed. Res., 1654, Clark-Snyder $20.00 50 1934 $5.00, Cr. Uncir., 1606 $17.50 51 1934A $20.00, V.F., 2305, E. M. Note $32.00 52 1934A $20.00, V.F., 2305 $37.50 53 1934A $20.00, V.F., 2305, E. M. Note $37.50 54 1928A $100.00, Cr. Uncir., 2151G, Chicago, Ill. $200.00 55 1934A $20.00, Cr. Uncir., 2055G, Chicago, Ill. $20.00 56 1928A $10.00, Cr. Uncir., 2001G, Chicago, Ill. $27.50 57 1950A $5.00, Cr. Uncir., 1962G, Chicago, Ill. $12.50 58 1928B $20.00, Cr. Uneir., 2052G, Chicago, Ill. $50.00 59 1962G $5.00, Cr. Uncle., I962G, Chicago, Priest-Humphrey $12.00 60 1952H 85.00, E.F., S2015, St. Louis $27.50 61 1928 $10.00, Gold Cert., 2131, Woods-Mellon F $17.50 62 1928D $2.00, Uncle., 1505 $30.00 63 1928G $2.00, E.F.. 1508 $10.00 64 1928B $1.00, Uncir., Silver Cert. $7.50 65 1935A-S $1.00, F., 1610 $10.00 66 1905A-S $1.00, F., 1610, Spec. Curr. $10.00 67 1935A-R $1.00, F., 1609, Spec. Curr. $12.50 68 1935A-R $1.00, F., 1609, Spec. Curr. $12.50 69 1934A $20.00, V.F., 2305, Spec. Curr. $40.00 70 1928 $20.00, 2402, Gold Cert. $70.00 71 1928 $20.00, V.F., 2402, Gold Cert. $70.00 72 1934A $10.00, V.F., 1702, Silver Cert. $20.00 73 1928 55.00, F., 1525, U.S. Note $10.00 74 1928 $5.00, V.F., 1525, U.S. Note $17.50 75 1928 $5.00, V.F., 1525, U.S. Note $17.50 76 1929 $20.00, V.F., 1802, Springfield, Ill. $30.00 77 1928 820.00, Cr. Uncir., Gold Cert. Wood-Mellon $45.00 78 1928 8100.00, Cr. Uncir., 2136, Gold Cert. Woods-Mellon $175.00 79 1929 810.00, E.F., S2054, Nat. Cure. Illinois $25.00 80 1929 $10.00, S2057, Nat. Curr. Kansas $32.00 81 $20.00, E.F., S2105, Nat. Cure. Illinois $35.00 82 S20.00, E.F., 2105, Nat. Cure. Illinois $35.00 83 $5.00, F., 52012, Nat. Cure. Michigan $10.00 84 $5.00, F., S2003, Nat. Curr. Illinois $10.00 85 1929 $5.00, G., S2003, Nat. Curr. Illinois $7.50 86 1934A $5.00, F., 1651 $8.50 87 1934A $5.00, F., 1651 $8.50 88 1934A $5.00, F., 1651 $8.50 89 1934A $5.00, F., 1651 $8.50 90 1934A $5.00, F., 1651 $8.50 91 1934A $5.00, V.F., 1651 $12.50 92 1950A $5.00, V.F., 1962 $7.50 93 1950C $10.00, Cr. Uncir., 2013G $17.50 94 1934A $10.00, F., 1702 $15.00 95 1934A $10.00, F., 1702 $15.00 96 1934A $10.00, F., 1702 $15.00 97 1934A $10.00, V.F., 1702 $20.00 98 1934C $10.00, V.F., 1704 $20.00 99 1934A $10.00, Cr. Uncir., 1702 $47.50 100 1934C $10.00, V.F., 1704 $20.00 FRACTIONAL CURRENCY Did # Date Denom. Condition Fr. # City - Signature Value 103 1863 50c, Uncir., 1375 $50.00 104 1863 5c, Uncir., 1236 $40.00 105 1863 25c, Uncir., 1283, Postal Curr. $20.00 106 1863 10c, Uncir., 1265, Postal Curr. $10.00 107 1863 5c, Uncir., 1230, Postal Curr. $17.50 108 1863 3c, Uncir., 1226, Postal Curr. $22.50 109 1863 25c, Uncir., 1302A $80.00 110 1863 50c, Uncir., 1381, Postal Curr. $25.00 111 1874 25c, E.F., 1308 $6.00 112 1863 15e, E.F., 1268 $18.00 113 1874 25c, B.U., 1309 $10.00 114 1863 3c, Uncir., 1226 $22.50 115 1874 10c, Uncir. Cr., 1265 $8.00 116 1874 10e, Uncir. Cr., 1265 $8.00 117(2) 1874 25c, Cr. Uncir., 1309 $8.50 118(2) 1874 10c, Cr. Uncir., 1265 $8.00 119(3) 1874 10c, V.F., 1265 $4.00 120 1874 10e, E.F., 1265 $5.00 121 1863 25c, E.F., 1294 $12.50 122 1874 25c, V.F., 1309 $4.00 123 1863 10c, Cr. Uncir., 1255 $15.00 124 1863 50c, V.F., 1314 $400.00 125 1863 15e, Cr. Uncir., 1268 832.50 120 1863 10c, E.F., 1257 $6.50 127 1863 15c, E.F., 1269 $24.00 128 1874 25c, V.F., 1308 $4.00 129 1875 50c, V.F., 1381 $8.00 130 1874 25c, E.F., 1309 $7.00 131 1874 10c, F., 1265 52.50 132 1874 10c, G., 1265 $2.00 133 1874 25c, G., 1309 $2.50 LARGE CURRENCY 134 $10.00, G., 116, Bank Note-Vernon-Treat $15.00 135 $10.00, G., 121, Bank Note-Elliott-White $15.00 136 1901 $10.00, V.G., 119, Parker-Burke $20.00 137 $1.00, G. Sil. Cert., 229, Lyons-Treat S5.00 138 1899 $1.00, G. Sil. Cert. 227, Lyons-Treat $5.00 139 $10.00, F. Sil. Cert., Vernon-Treat $30.00 140 1899 $5.00, G. Sil. Cert., Parker-Burke $9.00 141 1899 $2.00, G. Sil. Cert., Lyons-Roberts $8.00 142 1914 $5.00, F. Fed. Res., 871 $17.50 143 1899 $5.00, F. Sil. Cert., 272, Lyons-Treat $30.00 144 1914 $10.00, E.F., 929, Burke-Glass Chicago $28.00 145 1922 $10.00, E.F. Gold. C., 1173, Speelman-White $42.50 146 1906 $20.00, Crisp, 1185, Parker-Burke $70.00 147 1899 $2.00, Cr. Uncle., 249, Lyons-Roberts $40.00 148 1922 $20.00, E.F., 1187, (Gold) Speelman-White $67.50 149 1901 $10.00, E.F., 121, Elliott-White $50.00 150 1902 $10.00, Cr. Uncir., 616, Spfld. Vernon-McClung $17.50 151 1902 $10.00, V.F. Nat. Cur., 615, Spfld. Vernon-Treat $22.50 152 1902 $10.00, Crisp Nat. Cur., 624, Waverly Lyons-Roberts $37.50 153 1902 $5.00, Crisp Nat. Cur., 587, Lyons-Roberts, Peoria $37.50 154 1902 510.00, E.F. Nat. Cur., 614, Mt. Pulaski Lyons-Treat $25.00 155 1902 $10.00, E.F. Nat. Cur., 614, Lyons-Treat $30.00 156 1902 $5.00, V.G. Nat. Cur., 587, Lyons-Roberts $9.00 157 1899 $1.00 V.F. Sil. Cert„ Parker-Burke $10.00 158 1923 $1.00. Legal Tender, Speelman-White $6.00 159 $10.00, Crisp, 122, Speelman-White $70.00 160 $10.00, V.F., 120, Teehee-Burke $35.00 161 $10.00, Crisp, 122, Speelman-White $65.00 162 $10.00, Crisp, 122, Speelman-White $65.00 163 1901 $10.00, E.F., Elliott-White $45.00 164 1914 $10.00, Fed. Res., N.Y. Burke-Meador $35.00 165 $10.00, Fed. Res. F, Chi. Burke-Glass $20.00 166 1914 $20.00, V.F., Cleve. White-Mellon $32.00 167 1923 $1.00, F. Sil. Cert., Speelman-White $5.50 168 1907 $5.00, V.F. Tender, 91, Speclman-White $17.50 169 $1.00, V.F. Sil. Cert., Speelman-White $4.00 170 1917 $1.00, V.F. Leg. Tend., 37, Elliott-Burke $10.00 171 1902 $10.00, E.F., S1268, Cedar Rapids $70.00 172 1902 $10.00, E.F., S1268, Cedar Rapids $70.00 173 1902 $10.00, Uncir., S1265, Spfld, Ill. $100.00 174 1902 $10.00, E.F., S1267, Indiana $70.00 175 1902 $10.00, Uncle., S1265, Illinois $75.00 176 1891 $1.00, V.F., 351 $40.00 177 1896 $10.00, E.F., 767, St. Louis $165.00 178 1914 5100.00, Uncir., 1110 $220.00 179 1914 $10.00, E.F., 929, Chicago $40.00 180 1907 $5.00, E.F., 90 $27.00 181 1902 $10.00, Uncir., 51265, Illinois $100.00 182 1914 $20.00, V.F., 990, Chicago $35.00 183 1902 $10.00, E.F., S1255, Ft. Smith, Ark. $100.00 184 1914 $10.00, V.F., 838, Chicago $40.00 185 1902 $5.00, Uncle., 600, Illinois $30.00 186 1907 $5.00, V.G., 88 $12.00 187 1902 510.00, V.F., S1278, St. Louis $65.00 188 1901 $10.00, E.F., S911, Illinois $275.00 189 1902 $10.00, E.F., S1278, St. Louis $65.00 190 1914 $10.00, E.F., 930, Chicago $25.00 191 1914 $10.00, V.F., 930, Chicago $20.00 192 1891 $10.00, E.F., 299 $115.00 193 1907 $5.00, A.U., 91 $30.00 194 1901 $10.00, Uncle., 122 $75.00 195 1929 $10.00, A.U., 1860, St. Louis $40.00 Please enclose 10% of your total bid with your bid order. We have tried to give you present day values and conditions on this lot of currency. You will be notified promptly upon receipt of your bid. Bid failure deposits will be returned. Send your bids to: Morgan's Antiques & Coins 1011 1874 25c, G., 1309 101 1863 25c, Uncir., 1294 102 1863 25c, Uncle., 1281 $2.50 $20.00 $25.00 P. 0. BOX 396 SPRINGFIELD, ILLINOIS 62705 MULTIFARIOUS OFFERINGS FROM TEBO NATIONALS PENNSYLVANIA Ch # 7193 Fr #621 $10 Swathmore NB. Serial #126. Red Seal ; Very Choice, Desirable & Rare KU+ $100.00 9058 Fr #623 $10 Farmers & Miners NB of Bentleyville. Serial #30 Red seals VG 60.00 TENNESSEE Ch # 3032 Fr #1801-1 $10 American NB of Nashville Fine 8 22.50 UTAH The following is from an estate just uncovered in Ogden. This is probably one of the best and most complete listings ever to be offered from Utah in recent years. Better order now while you have the chance, as these won't last long. Will take Colorado or other Western notes in trade on any of these. Have Fun. Ch # 2059 Fr #1802-1 $20 Deseret NB of SLC F $ 50.00 VG 42.50 same, but name changed to FNB of SLC FR # 1800-1 VF 30.00 (has small ink smudge) Fr #1800-2 same F 45.00 Fr #1801-2 same VF 55.00 Fr #1802-2 same Fine 60.00 Ch # 2597 Fr #1801-1 $10 FNB of Ogden Fine 36.50 same VF 45.00 same XF 52.50 Two bills-same charter #, but different names. Both type 2 $10-both VF. One FNB of Ogden. Other First Security Bank of Utah National Association, Pair $110.00 Ch # 2597 Fr #1802-1 FNB of Ogden VG 45.00 same Fine 49.50 same XF 60.00 Fr #1802-2 Same F-VF 65.00 Ch # 3139 Commercial NB of Ogden Fr #650 $20 Fine, but no sigs 65.00 Ch # 4341 Fr #1800-1 85 Utah State NB of SLC VG 35.00 same VF 50.00 Fr #1801-1 same F= 50.00 Ch # 4670 Fr #1801-1 FNB of Logan Scarce 69.50 Fr #1801-2 same F= 85.00 (serial #A6, from first sheet.) Ch # 7696 FNB of Coalville Fr #1802-1 Ser #C6A Fr #1801-2 Ser #A599 Above two notes FOR TRADE ONLY. Ch # 7296 NB of Commerce of Ogden Fr #650 F-VF $ 85.00 same, but weak sigs 75.00 Ch # 0403 Fr #1800-1 $5 Continental NB & Trust Company of SLC VG 29.50 Fr #1800-2 $5 same VG 37.50 Fr #1801-1 $10 same VG 35.00 Fr #1801-1 $10 same XF 65.00 Fr #1802-1 $20 same F+ 55.00 Fr #600 $5 VF 85.00 Ch # 9652 Fr #1801-1 Security NB of SLC F± 50.00 Ch # 6558 Fr #1801-1 FNB of Murray VG 75.00 Very Scarce. WASHINGTON Ch #10511 Fr #1801-2 810 Farmers National Bank of Colfax F-VF $ 49.50 13230 Fr #1802-1 $20 Pacific NB of Seattle Fine 35.00 WISCONSIN Ch # 2759 Fr #598 Eau Claire NB VG 8 15.00 3001 Fr #1802-2 $20 FNB of Stevens Point VF 59.50 WYOMING 32.50 Ch # 6850 Fr #1801-1 $10 Casper NB Scarce F 75.00 EXCESSIVELY RARE ORIGINAL PACK OF 100 $1.00 HAWAII 1935-A CHOICE CU FR #2300 Use this to make up cut sheets, consecutive #'s, etc. Probably unique on today's market. $995.00 CHANGEOVER PAIR 1935-D Narrow margin to wide margin. Consecutive serial numbers. Both CU. $75.00/pair ODDS & ENDS FR #1 1861 $5 Demand Note Very Rare VG $235.00 FR #16 1862 Legal Tender $1 Nice strong XF 69.50 Ch # 4348 Fr #1801-2 $10 FNB of Guthrie Scarce VG $ 75.00 FR #39 1917 $1 Legal Tender Ser. #R9A Ch. CU 95.00 4862 Fr #1802-1 820 FNB & Trust Co. of Oklahoma City ; FR #40 1923 $1 Legal Tender Radar #6556 CU 95.00 Choice AU 45.00 FR #107 $10 Jackass Note scarce sigs. AU 175.00 8727 Fr #052 $20 FNB of Custer City Very Rare Fine FR #115 $10 Buffalo Note Choice AU 110.00 with beautiful signatures. FOR TRADE ONLY. FR #233 $1 1899 Ser. #B999A Choice CU 95.00 FR #303 $10 S.C. Beautiful & Scarce CU 225.00 FR #1526 $5 U.S. Note Choice AU 29.50 FR #1968 $5 FRN Ser. #101020102* Ch. AU 15.00 Set 1935-AR&S Experimental Issue CU 139.50 4 Consecutive numbered * notes ! FR #1399 1928-F $5 U.S. Notes 45.00 Very Scarce 8225.00/4 notes WANTED: COLORADO NATIONALS Orders shipped airmail same day. Full 5-day return privilege. All orders shipped postpaid. We suggest a phone call to insure your choices being here when your check arrives. SATISFACTION ABSOLUTELY GUARANTEED! ! ! Prices subject to change without notice. SPMC #3353. ANA Life Member 650. RCDA Life Member 17. CALIFORNIA Ch # 1741 Fr #1801-2 $10 Crocker FNB of S.F. XF $ 25.00 #1802-1 820 same VG 28.50 3555 Fr #641 $20 Crocker NB of S.F. VG+ 37.50 6617 Fr #1800-2 $5 F&M NB of L. A. VF 17.50 8907 Fr #1802-2 $20 Citizens National Trust & Savings Bank of Riverside F 35.00 9174 Fr #652 $20 Anglo & London Paris NB of S.F. F 37.50 12545 Fr #1800-1 $5 Seahord NB of L.A. VG 9.50 12579 Fr #1800-1 85 Pacific NB of S.F. F 12.50 13044 Fr #609 $5 Bank of Italy National Trust & Savings Association VG 17.50 Fr #1801-1 810 same F 15.00 VF 17.50 Fr #1801-2 $10 same F 16.50 COLORADO We need to buy ALL Colorado Nationals. Highest prices paid. We will trade notes in this ad for Colorado currency. Let us know what you have, especially in smaller towns. HAWAII Ch # 5550 Fr #1801-2 810 Bishop NB of Hawaii at Honolulu Rare & Choice VF-XF $175.00 IDAHO Ch # 1068 Fr #666 $50 First NB of Boise ; Rare state and very rare denomination. Has small tear in upper right corner. First bank chartered in state of Idaho. Desirable Fine $ 95.00 1668 Fr #1801-2 $10 same Rare T-2 Fine 95.00 ILLINOIS Ch # 2413 Fr #1801-1 $10 Citizens First NB of Princeton G-VG $ 15.00 IOWA Ch # 2469 Fr #477 $5 City NB of Clinton ; Brown Back ; .VG $ 37.50 2583 Fr #545 $10 Des Moines NB ; Dated Back F 49.50 8725 Fr #1800-2 $5 Okley-Vernon NB of Corning Famous OK bank. T-2 : Choice CU 42.50 KANSAS Ch # 9309 Fr #626 510 Peoples NB of K.C. VF-XF $ 75.00 LOUISIANA Ch #13689 Fr #1802-2 $20 NB of Commerce in New Orleans Choice Type 2. Nice clean AU $ 47.50 MASSACHUSETTS Fr #387 Rare Lazy 2 on Leicester National Bank VG $195.00 MINNESOTA Ch # 208 Fr #1801-1 $10 FNB of St. Paul Good $ 16.50 8409 Fr #1802-1 $20 FNB of Herman VG+ 59.50 MISSOURI Ch # 7205 Fr #613 $10 FNB of Albany VF $ 59.50 $021 Fr #1802-2 $20 Burnes NB of St. Joseph VF-XF 59.50 10039 Fr #627 $10 Liberty NB of KC Fine 22.50 MONTANA Ch # 4396 Fr #1801-1 $10 FNB & Trust Co. of Helena VG $ 69.50 NEBRASKA Ch # 7239 Fr #1802-1 520 NB of Commerce of Lincoln VF-XF $ 32.50 ( From state of next ex-number 1 for football fans !) NEW JERSEY Ch # 1327 Fr #1802-1 $20 First Mechanics NB of Trenton Fine $ NEW YORK Ch # 29 Fr #1801-1 $10 FNB of City of NY Low Ch # Choice CU $ 45.00 Fr #1802-1 $20 same VG 27.50 2370 Fr #1801-1 $10 Chase NB of NY F 18.00 NORTH DAKOTA Ch #12026 Fr #1800-1 $5 Dakota NB of Fargo F $ 49.50 OHIO Ch # 2495 Fr #577 $10 Citizens NB of Cincinnati Very Rare Value Back. Fine + $ 95.00 6843 Fr #650 $20 Dennison NB VG-F 39.50 OKLAHOMA OREGON Ch # 2865 Fr #698 $100 FNB of Baker ; serial #93 Beautiful sigs with Pullman as V-Pres. Very Rare & Choice note. XF $325.00 3458 Fr #1802-1 $20 FNB of Eugene Fine 65.00 (above note has been cleaned) 8721 Fr #1801-1 810 FNB of Sheridan Stephen Tebo TEBO COIN CO. Mark Moyer 1136 SPRUCE ST., PHONE (303) 444-2426, P. 0. BOX 7, BOULDER, COLORADO 80302 ,. n •rtir. FIVE GENTS, nno1:.., ...an, a nnrnli, on lentand ff,„ 1+6 Ct.::,..,zer COINS & CURRENCY, INC. 29 SOUTH 18th ST. PHILADELPHIA, PA. 19103 FIXED PRICE LIST: Obsolete Scrip and Confederates 1. New Hampshire, Plymouth 10c 1862 bl & wh sm. note lovely vig. UNC. $6.00 2. New Hampshire, Brookline Tucker & Stiles 10c 3.00 1862 bl. & wh., eagles, dog & safe VF 3. New Hampshire, Brookline J.C. Tucker 1864 3c 3.50 portrait vig. UNC. 4. New Hampshire, Concord Phoenix Hotel-State 4.00 Cap/Bank 25c 1862 XF 5. Michigan, Jackson 1862 Cooper Thompson 10c red, bl. & wh., UNC 15.00 6. Michigan, Jackson 1862 Cooper Thompson 12c red, bl. & wh., rare AU 60.00 7. Michigan, Jackson 1862 Cooper Thompson 15c red, b. & w. scarce UNC 18.50 8. Michigan, Jackson 1862 Cooper Thompson 20c r , b. & w. scarce AU 18.50 9. Connecticut, Suffield, Loomis & Co. 1862 note #21, 5c foxed, Fine 8.00 10. Connecticut, Suffield, Loomis & Co., 1862 note #4, 10c foxed, Fine 8.00 11. Connecticut, Suffield, Loomis & Co., 1862 note #18, 25c Fine 8.50 12. Connecticut, Suffield, Loomis & Co., 1862 note #10, 50c Fine 8.00 13. Colorado, Denver, Colo. Supply Co. 1905 5c scarce about Fine 12.00 14. Colorado, Denver, Colo. Supply Co. 1905 10c scarce about Fine 12.00 15. Penn., Gaysport Borough 1843 25c Washington & Franklin vigs. About Fine 15.00 16. Penn., Moyamensing Loan 1837 2.00 V. Fine 10.00 17. Penn., Oxford 1863 5c farmer, dog & safe, VG 7.00 18. Penn., Phila. Loan of May 11, 1837, Blue, VG 7.00 19. Penn., Columbia Co. 184- U/S lovely vigs. farm, train, Cupid, ship, UNC 12.00 20. Penn., Kuntzford 10c 1862 Nardon Hall R & W, F 10.00 21. Penn., Franklin Institute 1837 121/2c, VG 8.00 22. Penn., Emeline Store 184- U/S handsome train vig., UNC 12.00 23. Penn., Spring Garden 1837 50c affixed, A. Fine .. 6.00 24. Penn., Phila. Loan 1837 10c affixed, XF 12.00 25. Progress print lovely vignettes 6 1/4 UNC 8.00 26. Progress print lovely vignettes 121/4 UNC 8.00 27. New York, Tioga Co. J.W. & J. McCarty 5.00 red, Black & white, G. Washington, handsome note UNC 12.50 28. New York, A. L. Sieghosten 1862 green 50 AU .. 11.00 29. New York, Penn Yan 1838 50c, UNC 9.00 30. New York, Penn Yan 1838 121/2c (boat) UNC 9.00 31. New York, City of Troy 1862 50c Fine 5.00 32. New York, Westfield, L.F. Phelps 5c 1862 drum- mer boy F. 6.50 33. New York, Poughkeepsie 1862 50c, 10c, 2 pcs Fine 8.00 34. New York, City of Albany 1862 5c XF 5.00 35. New York, Red Mills 1862 10c prf. like UNC 7.00 36. Vermont, Ludlow office, Bank of Black River, red 10c UNC 6.00 37. Mass., Boston 1863 Mt. Pleasant Apothecary 5c UNC 4.00 38. Mass., Boston 1863 Mt. Pleasant Apothecary 20c UNC 5.00 39. Mass., 14th Mass. Regt. Heavy Artillery, Sutler, 25c UNC 12.00 40. Mass., 14th Mass. Regt. Heavy Artillery, Sutler, 50c UNC 12.00 41 Louisiana, New Orleans C.C. Morgan, r., wh. & bd 50c 1862, Fine 4.00 42. Louisiana, 1862 S.B. Holt 25c VG 4.00 43. Louisiana, New Orleans 1862 Cook & Brother, blue TWO, v.g. 15.00 44. Louisiana, Parish of Caroll Military Assessment 25c Abt. VF 8.00 45. $20, 1861, C.27, XF 8.00 46. $20, 1861, C.99, Fine 57.00 47. $10, 1861, C.173, Fine 7.50 48. $10, 1861, C.191, VF 8.50 49. $10, 1861, C.230, VF 5.00 50. $100, 1862, C.319, UNC 5.00 51. $100, 1862, C.316, UNC 5.00 52. $100, 1862, C.322, UNC 12.00 53. $5, 1861, C.285, VF 9.00 54. $10, 1861, C.239, Fine 6.00 55. $10, 1861, C.233, UNC 11.00 56. $50, 1861, C.14, Fine 9.00 57. $50, 1861, C.16, UNC 13.00 58. $50, 1861, C.15, UNC 14.00 59. $20, 1861, C.29b, Fine 5.00 60. $5, 1861, C.274, Fine 3.00 61. $500, 1864, C.489, VF 10.00 62. $2, 1864, C.567, UNC 4.00 63. $1, 1864, C.574, UNC 4.50 Send us your want list for Obsolete Notes, Checks, CSA and Scrip. Stop and say "hello" at my table at ANA if you plan to be in Louisiana. DOROTHY GERSHENSON. We are cataloging our Fall Sale. Send your material, 50 pieces or more, before June 30, 1972. Wanted illAINE OBSOLETE NOTES The Society of Paper Money Collectors has assigned me the task of compiling our book on Maine obsolete notes. At this point, my research in early publications is completed, and I am beginning to fill in additional data from notes in public and private collections. Please advise me of the description and price of any Maine bank notes or scrip that you may have for sale. If your Maine notes are not for sale, I would appreciate a list of those you have in your collection. If any are needed, I will ask you for a full description or photograph ( I will pay the cost) or I would borrow them for photographing and prompt return. Any help will be acknowledged in the book, which should be published late this year or early in 1973. GEOICCE W. WAIT ISP•141' No. 51 Box 165 Glen Ridge, New Jersey 07028 OUR CURRENT STOCK INCLUDES . . CU small size Silver Certificates & U.S. Notes low & unusual serial numbers Fractional Currency large size notes (including STAR notes) National Currency, large & small size small size notes listed by block letters (new & used, common & scarce) a good selection of new & used small size STAR notes early small size FRN's, some stars a few FRBN's & error notes HI/LO/SPECIAL plate numbers, HI/LO serial numbers experimental & trial notes, "holdover" pairs, muled notes a few Confederate, obsolete, old stock certificates, etc. We invite you to send your want list for a "no-obligation" quote, or to send a long, stamped. self-addressed envelope for a copy of our current price lists. We will ship on approval to SPMC members. PIEDMONT COIN COMPANY POST OFFICE BOX 848, BURLINGTON, NORTH CAROLINA 27215 FOR SALE IMPORTANT WESTERN NATIONALS $1 Fr. #382 Rare 1st National Bank of Pueblo, Colorado Territory. Good, some repairs, good signatures and nice representative Territory note $275.00 $5 Fr. #407 Rare First Charter state note, 1st National Bank of Colo. Springs, Colo., much rarer than Colo. Territory notes VG-F, clear signatures 370.00 $5 Fr. #537, Wells Fargo Nevada Nat. Bk. of S. F. Fine 70.00 $10 Fr. #577 Wells Fargo Nevada Nat. Bank of S. F., RARE value back. Fine 110.00 $5 Fr. #609 American Nat. Bank of Denver, Colo. Ex. F. 95.00 $5 Fr. #609 Albuquerque Nat. Trust & Savings Bank, New Mexico Ex. F 165.00 $10 Fr. #624 First Nat. Bank Greeley, Colo. Fine 75.00 $10 Fr. #627 First Nat. Bank of Ft. Collins, Colo. F-VF 85.00 $20 Fr. #650 Nat. Bank of Commerce, Ogden Utah, F 90.00 $20 Fr. #642 Hamilton Nat. Bank of Denver, Rare bank origin VG 95.00 $10 1929 Type II United States Nat. Bank of Denver, Colo. New 50.00 $10 1929 Type I Western National Bank of Missoula, Montana #000444A AU 90.00 WANTED—NATIONAL BANK NOTES OF COLORADO DICK BOWMAN, ANA 50501 SPMC 804 P. 0. Box 10063, Denver, Colo. 80210 WANTED IOWA IOWA IOWA IOWA NATIONAL BANK NOTES From the following IOWA cities and towns: Akron Graettinger Little Rock Rolfe Alta Harris Marathon Royal Armstrong Hartley Marcus Ruthven Aurelia Havelock Melvin Sanborn Ayrshire Cherokee Doon Emmetsburg Hawarden Hull Inwood Ireton Milford Newell Orange City Peterson Pocahontas Sheldon Sibley Sioux Center Sioux Rapids Spencer Estherville Kingsley Primghar Spirit Lake Everly Laurens Remsen Storm Lake Fonda Le Mars Rock Rapids Sutherland George Linn Grove Rock Valley Terril Please state condition and price or send insured for my fair offer to WILLIAM R. HIGGINS, JR. BOX 64, OKOBOJI, IOWA 51355 ANA Life #109 SPMC #2950 We are both privileged and pleased to announce that we have been selected as sole agents in the dis- position of a MAJOR collection of United States large notes, covering all issues (with the exception of Interest-Bearing Notes) in denominations of one through one hundred dollars. All .seals are represented through the twenty-dollar denomination where issued in all categories. Replete with types and rarities in all grades, many in superlative condition, this assemblage affords both the novice and the specialist the rare opportunity of acquiring the most elusive notes as applicable to their needs. Due to the limitations placed upon us in acting on behalf of the best interests of the consignor, there will be no mailing lists issued. Periodic offerings will be made in the leading numismatic publications on a fixed price basis. In the meantime, we respectfully solicit your want-lists, in order that we may check same against the items available. Also, due to the magnitude of this collection, may we ask that estab- lished clientele send us their revised want-lists in order that we may maintain the integrity of their priori- ties with us. We cannot urge too strongly the importance of this collection. Although not matching from the standpoint of quantity the major assemblages offered within the past 25 years, we are aware that EVERY MAJOR OBVERSE AND REVERSE TYPE FROM ONE TO ONE HUNDRED DOLLARS is represented, with the exception of ONE reverse type, which is unique, and in a museum collection. Therefore from the corner- stone of TYPE, this is virtually a COMPLETE collection. We are proud to have been assigned this prodigious and prestigious responsibility; we hope you will "share" it with us. M. PERLMUTTER, P. 0. BOX 48, WATERTOWN, MASS., 02172. (617) 332-6119, AFTER 3 P.M., EDST, PLEASE. Dealers and researchers in U.S. paper, gold and Western "Americana" Members of SPMC, ANA, ANS and other leading numismatic organizations A GOLDEN OPPORTUNITY! ! SPECIMENS FROM THE GEORGE W. WAIT COLLECTION We are indeed pleased to be able to announceour acquisition of the very large and important collec- tion of American paper money formed by George W. Wait, and to herein offer, for sale, specimens from the collection. The collection contains thousands of choice and rare notes, many of which are museum pieces. This is truly a golden opportunity for the collecting fraternity. COLONIAL AND CONTINENTAL NOTES COLONIAL TREASURY NOTES BANK OF NORTH AMERICA NOTES BANK OF THE UNITED STATES NOTES OBSOLETE BANK NOTES AND SCRIP FROM MOST STATES PROOF NOTES FROM MOST STATES CONFEDERATE NOTES SOUTHERN STATE NOTES SUTLER NOTES LEGAL TENDER AND SILVER CERTIFICATE NOTES NATIONAL BANK AND COIN NOTES ADVERTISING AND SATIRICAL NOTES ORIGINAL ART WORK FOR OBSOLETE AND LEGAL TENDER NOTES Inquiries invited. Detailed lists available. Please specify the series that you collect. COLONIAL VALLEY COIN CO. P. 0. BOX 187 MANHEIM, PA. 17545 DAKOTA TERRITORY cancelled check s, dated 1889 CANTON, DAKOTA. Nice condi- tion. Price $10 each. 5 different kinds available. We will also trade for other TERRITORY checks (one for one) Can use up to 25 of a kind. • DORFMAN COIN & STAMP CO. 109 4th ST. SIOUX CITY, IOWA 51102 NOTICE • Will operate a bourse table at the New Orleans A.N.A. show in August. My specialty is obsolete paper money, such as broken bank notes, railroad and private scrip, proof notes, etc. If you have a large collection for sale—or only a few notes—be sure to visit my table for top prices. Also, will have a good assortment of notes for sale. Especially need MISSISSIPPI and LOUISIANA NOTES. BYRON W. COOK, ANA, SPMC P. O. BOX 181 601 - 3723472 JACKSON, MISS. 39205 FOR SALE DEPRESSION SCRIP SET #1. $1.00, $5.00 and $10.00 notes; Dated APRIL 2, 1934, CITY OF HAMTRAMCK, HAMTRAMCK, MICHIGAN. Perfo- rated "PAID" cancellation. Engraved by ABN CO. UNC. SET $5.50 SET #2. $1.00, $5.00 and $10.00 notes; Dated JUNE 15, 1934, CITY OF LINCOLN PARK, WAYNE COUNTY, MICHIGAN. Hole Punched to cancel UNC. SET $7.75 Allow time for Personal Checks to clear my Bank. Have other DEPRESSION SCRIP FOR SALE as well as NATIONAL CURRENCY, LARGE AND SMALL U.S.A. CURRENCY. LISTS available for a SELF- ADDRESSED, STAMPED ENVELOP E. EVERY ORDER OR REQUEST WILL BE GIVEN IMMEDI- ATE ATTENTION. ROBERT A. CONDO P. 0. BOX 304 DRAYTON PLAINS, MICHIGAN 48020 Member of : ANA, SPMC, CPMS, PMCM, CSNS WANTED—OKLAHOMA NATIONALS For my personal collection. Will pay nice premium for these small notes: ACHILLE FREDERICH PORTER ALEX GEARY PRYOR ALVA GUYMON QUENTON APACHE HARRAH RALSTON BEGGS HASKELL RINGLING BENNINGTON HEAVEN ER RUSH SPRINGS BERYN HELENA SALPULPA BLAIR HOLLIS SYRE BRAMEN HOMINY SEILING BR. ARROW HUGO SEMINOLE CALVIN HYDRO SHATTUCK CARMEN IDABEL STIGLER CARNEGIE KAW CITY STILWELL CHELSEA KINGFISHER STROUD CLAREMORE KINGSTON SULPHUR CLINTON LONE WOLF TEXHOMA COLBERT LUTHER TONKAWA COMANCHE MADIL VERDEN COMMERCE MARIETTA VIAN CORDELL MAUD WAGNER COWETA MAYSVILLE WALTERS COYLE MCCLOUD WANETTE DAVIS MINCO WAUKOMIS DEPEW MOORE WAURIKA DUNCAN MOUNTAIN V WAY NOKA ERICK NOWATA WELLSTON EUFAULA OKEMAH WESTVILLE FAIRFAX OKMULGEE WETUMKA FAIRVIEW POCASSET WEWOKA FT. GIBSON PONCA CITY YALE Especially wanted large notes on any Okla- homa bank—Big premium paid—Will trade. W. J. WAKEN 405-2372455 311 E. MAINE ST. 405-2347407 ENID, OKLA. 73701 PROOF OBSOLETE NOTES 5.00 Merchants Bank, Norwich, Conn. On blotter. Draper, Welsh & Co. Train vign. $60.00 10.00 Southward Bank, Phila., Pa. On blotter. Draper & Co. Hope & Commerce 60.00 5.00 Phila. Bank (1850 type) , Pa. Danforth, Un- derwood & Co. Eagle in shield, etc. 60.00 5.00 Bank of Commerce, Phila, Pa. Toppan, Car- penter, Casilear & Co. Ships vign. 55.00 100.00 Farmers & Merchants Bank, Phila., Pa. Murray, Draper, Fairman. Shield vign. 55.00 5.00 Commercial Bank of Penna. Phila. Murray, Draper, Fairman. Hope vign. 50.00 100.00 Commercial Bank of Penna. Phila. Murray, Draper, Fairman. Hope vign. SI. damage .... 40.00 1.00 State Bank at Elizabeth, New Jersey. Maverick, Leney & Rollinson. State Seal 50.00 3.00 State Bank, New Jersey. P. Maverick Newark. State seal vign. 50.00 Notes of most states in stock. Want lists ap- preciated for colonial, Continental, obsolete notes and scrip. Also want old checks. SELL HARRY YOUR MISTAKES! Harry wants to buy currency er- rors . . . large and small-size notes . . . also interested in buying Na- tionals. Harry is selling error notes. Please write for list or specify notes . . a large selection of error notes available. HARRY E. JONES P. 0. BOX 42043 CLEVELAND, OHIO 44142 RICHARD T. HOOBER - ANA 9302 P. 0. Box 196, Newfoundland, Penna. 18445 CURRENCY RARITIES AT PUBLIC AUCTION June 24, 1972 • GEM UNCIRCULATED DEMAND NOTE (Grinnell Coll.) POSSIBLY UNIQUE F-37 WITH MISMATCHED SN'S CHICAGO FRBN $2 WITH $1 REV. (Grinnell Coll.) Together with other rare paper and coins. Catalogue and Prices Realized, $2.00 LESTER MERKIN 65 EAST 56 STREET NEW YORK CITY 10022 (212) 753-1130 WE BUY AND SELL LARGE SIZE U. S. PAPER MONEY WANTED: Choice Condition and Scarce Large Size Notes Only. See Our Ads Each Month in the Numismatist and Numismatic Scrapbook SEND LIST FIRST, WITH CONDITION AND PRICES. L. S. WERNER 1270 Broadway, New York, N. Y. 10001 Phone LA 4-5669 SOCIETY CERTIFIED PROFESSIONAL NUMISMATISTS ASK YOUR FRIENDS ABOUT US CANADIAN PAPER CURRENCY SALE Rarely offered unusual Serial Numbers $1 notes below at $40 each: 2222222 1000000 3333333 2000000 4444444 3000000 5555555 4000000 6666666 5000000 7777777 6000000 8888888 7000000 9999999 8000000 9000000 One note only serial No. 0000001 at $50.00 One note only serial No. 7654321 at $45.00 $5 notes bclow at $50 each: 2000000 8000000 3000000 9000000 4000000 6606666 5000000 7777777 7000000 6000000 $10 notes below at $60 each: 1000000 9000000 3000000 3333333 4000000 5555555 5000000 8888888 6000000 $2 notes below at $45 each: 1111111 2000000 2222222 3000000 3333333 6000000 6666666 7000000 9999999 8000000 9000000 One only $2 note as below at $50 each: 0123456, 1234567, 7654321 $1 notes below at $5 each: 0111111 0222222 0333333 0444444 2111111 1222222 4333333 2444444 4111111 4222222 5333333 3444444 5111111 5222222 6333333 6444444 6111111 6222222 7333333 7444444 7111111 8222222 8333333 9444444 8111111 3999999 0555555 6555555 9111111 8999999 3555555 7555655 $2 notes below at $7 each: 1888888 5111111 1444444 1818181 3888888 5222222 2444444 2828282 4888888 2333333 0555555 3838383 5888888 5333333 3555555 3636363 7888888 6333333 6555555 1313131 9888888 8333333 7555555 6565656 1444444 9333333 8555555 5151515 6444444 2999999 9777777 8989898 Please add 75c postage on orders under $20. 10 day return privilege. A.N.A. 55838 S.P.M.C. 1477 C.P.M.S. L.M. 5 WALTER D. ALLAN 2430 Lakeshore Hwy W., Oakville Ontario, Canada THE VAULT SILVER CERTIFICATES DATE BLOCK COND. PRICE 1928 EA F 04.00 1928 Star A F-VF 15.00 will be closed for business during 19281928A Star ANA, QA, UA, WA, OR, AB VFVG-F 20.003.00 1928A CB or EB VG-F 4.00 the months of July and August. 1928A1928A ZB experimentalStar A VG-FVF 30.0014.00 1928A Star A XF 20.00 1928B CB XF 4.00 1928A GB CU 10.00 Our next mailing list, due Sept. 19341934 AA, CA, FA, GAEA VG-FXI' 3.005.00 1935 HA, JA, LA CU 9.00 15th, will include a fine selection 1935A 1935A SA, VA, WA, CB, IB, KB, LB, NB, TB, FC, NC, WC PA CU CU 1.00 7.00 of both large and small-size type 1935A 1935A VA mule Star A CU VF 35.00 5.00 notes as well as the popular Na- 1935B1935B DD, ID, KDFD, GD, JD F-VFCU 3.009.00 1935B LD CU 12.00 tional Bank Notes. A copy is 1935B Star B F-VF 10.00 yours for the asking. 1935C 1935C LD, QD, SD, WD, XD, CE, FE, HE, KE, ME, NE UE CU VG-F 3.50 12.00 1935D Narrow EF, GF. .IF, MI', PF, XF, DC, HG CU 3.50 1935D Narrow XE F 10.00 1935D Narrow ZE CU 10.00 1935D Narrow GC CU 6.00 1935D Narrow NG VC-F 3.00 • 1935D 1935E Wide UE, YE, ZE, SF, XF PC, UG, VG, XG, EH, FH, JH, ZH, AI, CI CU CU 3.50 2.00 1935E Star D CU 4.00 1935E Star D, E, F XF 3.00 1935F TI, UI CU 2.00 1935F Star F, G VF 2.50 1935G BJ, CJ CU 2.00 THE VAULT P. O. BOX 2283 PRESCOTT, ARIZ. 86301 Add 50c for postage please. ANA PETERSON COINS SPMC 715 SO. FAIRMOUNT ST. SIOUX CITY, IOWA 51106 Wanted Pennsylvania National Bank Notes Large or small, any type, any denomination, or un- cut sheets. Akron #9364 Leola #13186 Bainbridge 9264 Lincoln 3198 Blue Ball 8421 Lititz 2452 Brownstown 9026 Lititz 5773 Christiana 2849 Lititz 9422 Christiana 7078 Manheim 912 Columbia 371 Manheim 3635 Columbia 641 Marietta 25 Columbia 3873 Marietta 2710 Denver 6037 Marietta 10707 Elizabethtown 3335 Marietta 14276 Ephrata 2515 Maytown 9461 Ephrata 4923 Millersville 9259 Gap 2864 Mount Joy 667 Intercourse 9216 Mount Joy 1516 Lancaster 333 Mountville 3808 Lancaster 597 New Holland 2530 Lancaster 683 New Holland 8499 Lancaster 2634 Quarryville 3067 Lancaster 3367 Quarryville 8045 Lancaster 3650 Strasburg 42 Lancaster 3987 Strasburg 2700 Landisville 9312 Terre Hili 9316 State price and condition or send for my fair offer. ELMER E. PIERCE P. 0. BOX 131, EPHRATA, PENNA. 17522 Member ANA 20105 Member SPMC 2579 SMALL - BUT CHOICE OFFERING FANTASTIC Fr. #35 CU $ 45.00 Fr. #91 AU $ 25.00 Fr. #122 XF $ 72.50 Fr. #220 VF $ 45.00 Fr. #256 CU Low #N-27 $ 55.00 Fr. #318 XF/AU $175.00 Fr. #718 CU Low #D594A $ 45.00 Fr. #722 XF STAR note $ 65.00 Fr. #774 VF/XF $ 57.00 Fr. #776 AU/U RARE $150.00 Fr. #778 CU $145.00 Fr. #780 AU $ 88.00 Proof Set of Peoples Bank of Ky. Bowling Green containing the $1.00, $2.00, $3.00, $5.00, $10.00. Striking Notes in Red & Black. The Set of 5 PROOF Notes, $700.00 Set of SPECIMEN Notes of Bermuda containing the 50c, 1.00, 3.00, 5.00, 10.00, 20.00, 50.00, 100.00. The set of 8 Speci- men Notes in Official Blue Album. $97.50 NATIONALS NATIONALS NATIONALS Fr. #380 Original-No Charter #. Great Falls, New Hampshire Note is unlisted in Friedberg and Van Belkum. This could possibly be only one available from this very small town. Chartered in 1865 VF/XF $350.00 Fr. #382 Charter #2181. Thurman, Ohio close to XF $130.00 Fr. #470 Charter #5631. Akron, New York VF/ XF $ 75.00 Fr. #471 Charter #4328. East St. Louis, Ill. VF $ 50.00 Fr. #476 Charter #1304. Somers, New York Fine $ 80.00 Fr. #598 Charter #7848. Chattanooga Tenn. AU $ 70.00 Fr. #600 Charter #3565. Wellston, Ohio CU $ 45.00 Fr. #624 Charter #29. New York, New York XF $ 35.00 WANTED! WANTED! I NEED TO BUY, WOULD YOU PLEASE OFFER ME YOUR DUPLICATES. DEALERS, PLEASE SEND YOUR LIST. JAMES A. SPARKS, JR. ANA, SPMC TEL. 704-636-3521 POST OFFICE BOX 235, SALISBURY, N.C. 28144 MINIATURE Set of 9 Legal Tender Notes containing the $1.00, $2.00, $5.00, $10.00, $20.00, $50.00, $100.00, $500.00, $1,000.00. The set of 9 Miniature Notes. $275.00 Engraving Stone weighing about 8 Pounds. (Contains en- graving of East Creighton Trust & Savings Bank, Fort Wayne, Ind., also contains engraving of Peoples State Bank, Butter- nut, Michigan.) Don't hesitate if you want this desirable Obsolete Stone. $48.75 I am Buying HOARDS of all Obsolete Items including Rail- road Passes and Seat Checks. Also Trade Dollars of 1878- 1879-1880-1881-1882-1883. Give full details and price in first letter. No Phone Calls. Frank F. Sprinkle P. 0. BOX 864 BLUEFIELD, W. VA. 24701 WANTED TO BUY CUBA • PAPER MONEY WANTED 1929 Vermont Small Nationals and DOCUMENTS For My Collection. I PAY HIGH PRICES. • JULIAN VALDES P. 0. BOX 703, SHENANDOAH STA., MIAMI, FLA. 33145 ANA FUN SPMC IBNS FOR MY PERSONAL COLLECTION. Write-Send-Quote Good to C.U. in Singles or Sheets $5- 10 - 20 - 50 - 100 PLEASE HELP ME GEORGE DAUDELIN SPMC 2030 HIDEAWAY MOTEL WARREN, VT. 05674 $ 5 Paris #6451 $ 5 Chicago #11092 $10 Decatur #4576 $10 Savanna #13886 $10 Galesburg #241 $10 National City #12991 $10 Knoxville #3287 $10 Pittsfield #1042 $10 Freeburg #7941 $10 O'Fallon #6924 $10 DeLand #5699 $10 Colchester #8485 $10 Dallas City #5609 $10 Staunton #10173 $10 Catlin #7276 $10 Greenup #8115 $10 Chicago #4605 $20 Raymond #6910 $20 Pinchneyville #6025 $20 Highland #6655 320 Humboldt #7168 $20 Ridge Farm #5313 $20 Peoria #3214 $20 Clinton #1926 $20 Rantoul #5193 $20 Chicago G Fed Res $20 Malta #5615 $20 Marine #10582 $20 Oakland #2212 $20 Toledo #5273 550 Aurora #3854 $50 Monmouth #4313 ExF F Dirty ExF VG VG VG F VG CU VG VG VG F VG VF Rag G CU VG VG VG CU F VG Inside Story of a anis Note Designer's Career? Learn how currency designs are evolved and produced. Discover the unique breed of men who create these masterpieces. Read the dramatic history of the Educational Series of Silver Certificates . . . in “THE LIFE AND WORK OF THOMAS F. MORRIS 1852,189S" lIi y His Son, Thomas F, Morris II This lavishly printed, profusely illustrated, 160-page book in- cludes never-before published photographs of essays for the Educational Series as well a design-in-progress for 12 foreign countries, postage stamp essays and proofs, bonds and other elaborate engraved Americana. It also pictures and identifies many of the famed designers and engravers of the American Bank Note Co. and the Bureau of Engraving and Printing. Limited Edition . . . available for $8.00 postpaid from THOMAS F. MORRIS 19 WEST DRIVE, LARCHMONT, N. Y. 10538 ANA SPMC EPS ILLINOIS NATIONALS 1929 SERIES FOR SALE E. Levings Pres. $10 $14 Wm. Barnes Jr. Pres. $22 VG Ty 2 $18 $19 0. J. Sullivan Pres. $19 $20 S. H. Brunswich Pres. $21 Susie MeWolf Cashier $18 E. F. Smiley Pres. $21 scarce $45 Ty 2, serial #5 $45 $25 $24 H. E. Douglas Pres. $28 H. 0. Swart Cashier $25 $21 Town Pop. 800 $32 E. R. Hincke Pres. $29 $29 P. W. Poorman Pres. $35 T. H. Rees Pres. 832 826 $28 2 digit serial # $32 $33 Town Pop. 400 $40 $38 Only $13,000 outstand l ng 840 Folded corner $40 885 S80 10 Different States Good-Fine $150 Face—$187.50 Donlon 4050 Catalog $35 CU $20 Send your want list—I have more Illinois-250 notes in inventory— also Illinois notes wanted. All local sales by appointment only. 5 day return privilege, postpaid. Steven R. Jennings 3311 W. Carthage Freeport, Illinois 61032 SPMC, L.M. ANA #648 WANTED YOUR CHOICE NUMISMATIC MATERIAL We will pay top dollar for all choice coins and cur- rency that have a value of $10.00 or more. We will bay you with cash, not promises. Give us a try, THOUSANDS HAVE. HERES ALI. YOU DO 1. Package coins or currency securely and insure for full amount. Mail them to us where they will be inspected upon receipt and a check sent air mail same day to you. Your coins are held in our fully insured vaults until you accent or reject our offer. (We have had very few declines. ) 2. If your collection is too bulky to mail please send us an itemized list of what you have for sale. We can be in any city within 24 hours to purchase your collection. 3. We invite you to check our Banking and Pro- fessional references. 522 GOLDEN TRIANGLE WACO, TEXAS 76710 Connecticut Proof Notes It gives me exceptional pleasure to be able to offer the following excessively rare Connecticut proof notes: A Set of Eight Notes on the City Bank of New Haven The bank was incorporated in May 1831, opened for business in June 1832, and finally merged with the National New Haven Bank in August 1915. The notes no doubt represent the first issue of the bank's notes. The denominations are: $1, 2, 3, 5, 10, 20, 50, 100. Each piece has various allegorical representations and a view of the Village Green in New Haven. Seldom if ever does such an op- portunity arrive to purchase a set of Proof Notes such as these, from any bank, any state. They carry the imprint of Draper, Underwood, Bald & Spencer, and N&S.S Jocelyn. They are affixed to paper from an old album page. The price is only $1,000.00 RICHARD J. BALBATON ANA SPMC POST OFFICE BOX 314 PAWTUCKET, R.I. 02862 I NEED SOUTH CAROLINA PAPER MONEY I WANT TO BUY ALL TYPES OF SOUTH CAROLINA PAPER MONEY FOR MY PERSONAL COLLECTION. I Need— PROOF NOTES OBSOLETE BANK NOTES S.C. NATIONAL BANK NOTES CITY, TOWN & PRIVATE SCRIP I HAVE SIMILAR MATERIAL FROM OTHER STATES THAT I WILL TRADE FOR NOTES THAT I NEED. PLEASE WRITE FOR MY DETAILED WANT LIST. I Also Collect— PROOF NOTES WORLDWIDE SPECIMEN NOTES BRITISH COMMONWEALTH VIGNETTES USED ON BANK NOTES COUNTERFEIT DETECTORS BANK NOTE REGISTERS J. ROY PENNELL, .11 SPMC #8 ANA #11304 P. 0. BOX 858 ANDERSON, SOUTH CAROLINA 29621 WILLIAM P. DONLON P. 0. Box 144, Utica, New York 13503 DONLON WANTS TO BUY UNITED STATES PAPER MONEY ONE NOTE OR AN ENTIRE COLLECTION! FAST SETTLEMENT FOR $10, $10,000 OR $100,000 Especially Want Choice 1861-1923 Issues And 1929 Nationals Uncirculated Or Nearly So. If you prefer and if your collection is sizeable, I will sell your collection by auction, on a consignment basis with liberal advance payment to you. WHEN READY TO SELL WHY NOT DEAL WITH THE MAN WHO DEALS IN UNITED STATES PAPER MONEY EXCLUSIVELY? Save time! Carefully describe your notes in first letter and give estimate of valuation. If notes are sent without authoriza- tion, please enclose return postage. CATALOGS FOR NEXT DONLON MAIL BID AUCTION NOW IN PREPARATION. WATCH FOR DATE. Your deposit of $1 for catalog will be credited to your purchases. DONLON CATALOG "UNITED STATES LARGE SIZE PAPER MONEY" 1970-71 ed. ppd. $2.95; 1968-69 ed. ppd. $2.95; Both ppd. $5.75 Hard bound 1970-71 collectors' edition, Autographed ppd. $3.95 GSO "Handbook of Modern U.S. Paper Money" 1.50 ppd. Especially valuable to block letter collectors.