Paper Money - Vol. XII, No. 2 - Whole No. 46 - Spring 1973

NcXxXxXxXxXx'X'‘X'ci"-XxX'cXxX)Tcl'crcXxixrcrTcXxXxXxi'crA Paper *owl DEVOTED TO THE STUDY OF CURRENCY One of the Montana bank notes, drafts, scrip and warrants listed by Harry G. Wigington in the SPMC obsolete note cataloging project in this issue. No. 2 ..11 Whole No. 46 ...i OFFICIAL PUBLICATION OF Ei Ei 5-eddy el Paper 11tote9 Collector,s f°3 Ei © 1973 by The Society of Paper Money Collectors, Inc. E.3 ketXxX,cXxXxXxMt.i.x.T.xXxXxXxXxix.MaxXxXxXxXxXxLaxxxx.xx.,54i VOL. 12 1973 CN# Superb 1928 11.75 16.75 19351928A 7.95 10.75 1935A1928B 12.95 16.75 1935BI928C Write Write 1935C1928D 214.75 249.75 1935D1928E Write Write 1935D1934 7.95 11.75 1935E SPECIAL=1928 to 1957B Set (18).1935D to 1957B Set (10) CN# 2.75 4.95 N/M 2.76 4.50 W/M 3.95 5.75 2.95 3.95 $3.50* 2.45 2.95 $3.50* 2.45 2.95 $3.50* 2.45 2.95 $129.75 42.76 ++ RARE CURRENCY SPECIAL ++ Following Special=Subject to Prior Sale + Thru July-August only. 1928D # $1 Silver. Crisp New # $214.75: CN Superb 249.75 1935A $1 Experimental Issue=Red "R" & "S" Pair. CN # 149.75 Crisp New Superb 189.75 SPECIAL=Above "Threesome" CN # $329.75, CN Superb 399.75 Wide Nar. No 1928-C, D, E CN# $27.75; All Superb CN# Superb 11.75 15.75 1935F 3.25 4.95 1935G 7.95 11.75 1935G 3.95 5.75 1935H 4.25 5.95 1957 4.25 5.95 1957A 3.95 5.75 1957B $94.75; MI Superb CN# Superb b $1.00 SILVEII CERTIFICATES Superb Crisp New (If not graded differently). # Indicates not as well centered. *=Star Note. ++ WESTPORT CURRENCY ALBUMS ++ A DeLuxe Currency Album for Displaying Your Federal Reserve Sets and Other Notes. Album Page Sets are Punched for 3-Ring Binder. Ask for Descriptive List. Following Sets are for $1 Federal Reserve Sets. May be used for housing Regular $1.00 Sets=or for Sets of Star Notes. Capacity Each Set is for 12 Notes. #111 1963 $2.95 #111C 1969 2.95 #111F 1969C 2.95 #111A 1963A 2.95 #111D 1969A 2.95 #111G 1969D 2.95 #111B 196314 2.95 #111E 1969B 2.95 #111F & #111G Each 2.95 #120 Set-For the Complete Set of Small $2 Bills. Capacity 16 Notes 3.95 BINDERS: DeLuxe Custom 3-Ring, Gold Titled. Each 4.95 ++ JUST OFF THE PRESS --r± Huntoon/Van Belkum's New Edition "National Bank Notts of the Note Issuing Period" Lists all Charter Banks 114,348) 1863/1935. Add 50c for P. 0. Special Handling (Only $10.50 with Note Order i Pp . 12.50 +4- OTHER IMPORTANT BOOKS---POSTPAID ++ Bluestone's "Albert A. Grinnell Sales Catalogue 1944,1946" Reprint. 700 pages, Values (Only $10.95 with Note Order) 12.95 Bebee's "James M. Wade Collection of U.S. Paper Money : at Fixed Prices". 1956 Sales of this Great Collection. 43 pages, Values 4.95 Friedberg's "Paper Money of the United States, 7th Ed." (Only $10.75 with Order) 14.00 Hewitt/Donlon's "Catalogue of Small Size Paper Money". New 9th Edition 1.65* Donlon's "U. S. Large Size Paper Money 1861/1923". 2nd Ed. Paper cover 2.95* Goodman/O'Donnell/Schwartz' "Standard Handbook of Modern U.S. Paper Money". All you'll want to know about Block Collecting. 3rd, Latest Ed. 1.65* Kemm's "The Official Guide of U.S. Paper Money". 1973, Latest Ed. 1.15* Shafer's "Guide Book of Modern U.S. Currency". New 6th Ed. 2.65* SPECIAL=The Above Big Five. Starred* 8.95 WANTED + WANTED + WANTED Paying Absolutely TOP, Immediate-Cash Prices for Choice Scarce/Rare Notes. Sample Buying Price: Paying $975.00 for Superb (well centered) Crisp New Set of 1896 $1-$2-$5 Silver Certificates. Also Need Superb CN Notes: F-16/19, 41, 41A, 42, 61, 61A, 114/122, 240/248, 259/283, 387/408 -1- and Many Others (Sorry=no 1914 Fed. Res. Notes). Especially need 1st, 2nd Charter Notes : Southern & Western Nationals, all Territorials. Please Describe Notes for Sale in First Letter. s. Also Notes: F-16/19, 41, 41A, 42, 61, 61A, 14/1 2, 240/248, 259/7/408 -1- and Many Others (Sorry=no 1914 Fed. Res. Notes). Especia ly n ed 1st, : st t rrit rials. leas escribe otes for Sale in Firs t 100% Satisfaction Guaranteed. Please add $1.00 under $50.01. Nebraskans add Sales Tax. Send $1 for our 18-Page List of Large Size Notes + Small Size Notes, Uncut Sheets & Accessories (Free with $25.00 Note Order). MEMBER: Life #110 ANA, PNG, SCPN, SPMC, IAPN, Others. i . r . l is arge ize otes ize otes, ncut heet e t r r). : ife #110 A, PNG, SCPN, SP C, I PN, Other Bebee's, inc. "Pronto Service" 4514 North 30th Street Phone 402-451-4766 Omaha, Nebraska 68111t Phone 402-451-4766 O aha, Nebr sk Paper litenq VOL. 1 2 NO. 2 SECOND QUARTER 1973 WHOLE NO. 46 PUBLISHED QUARTERLY BY THE SOCIETY OF PAPER MONEY COLLECTORS Editor Barbara R. Mueller. 225 S. Fischer Ave.. Jefferson. Wis. 53549 Publisher J. Roy Pennell, Jr., Box 858, Anderson, S. C. 29621 Direct only manuscripts and advertising matter to Editor. Direct all other correspondence about membership affairs, address changes, and back numbers of Paper Money to the Secretary, Vernon L. Brown, Box 8984, Ft. Lauderdale, Fla. 33310. Membership in the Society of Paper Money Collectors, including a subscription to Paper Money, is available to all interested and responsible collectors upon proper application to the Secretary and payment of a $5 fee. Entered as second-class matter July 31, 1967, at the Post Office at Anderson, S. C. 29621 with additional mailing privileges at Federalsburg, Md. 21632, under the Act of March 3, 1879. Non-member Subscription, $6.00 a year. Published quarterly. ADVERTISING RATES—PREPAID One Time Yearly Outside Rear Cover $40.00 $150.00 Inside Front & Rear Cover 37.50 140.00 Full Page 32.50 120.00 Half Page 20.00 70.00 Quarter Page 12.50 40.00 One-Eighth Page 8.00 30.00 (Non-contract advertising accepted in order received, providing space available by deadline. Please reserve space early! All ad copy subject to 25% surcharge for composition in 6 point type or special effects. $2 per printed page charge for typing copy where necessary.) PAPER MONEY does not guarantee advertisements but accepts copy in good faith, reserving the right to edit or reject any copy. Publisher's liability for error shall not exceed the cost of space occupied by the error. No liability can he accepted for error resulting from illegible copy. Editor's telephone: 414-674-5239 Schedule for 1973 Advertising Publication Deadline Date Issue No. 47 Aug. 15 Sept. 8 Issue No. 48 Nov. 15 Dec. 8 CONTENTS Descriptive Listing of Montana Bank Notes, Drafts, Scrip and Warrants, by Harry G. Wigington 55 The Late Printing of Series 1963A One Dollar Federal Reserve Notes, by Roland S. Carrothers 74 Marine Corps Recruiting Money, by Forrest W. Daniel 81 Reverse Ink Smearing, by Lee Worthley 82 Scottish Banks, Banking and The Royal Bank of Scotland, Limited 83 The Types of the 1882 and 1902 National Bank Notes, by Peter Huntoon 88 Federal Reserve Corner, by Nathan Goldstein II 90 Our Vanishing Gold Certificates, by Robert H. Lloyd 91 Canadian Paper Money at Auction 92 THE SOCIETY OF PAPER MONEY COLLECTORS, INC. Call for Annual Meeting 87 Nominations Report 87 Dr. Arnold Keller Dies 87 Library Notes 90 Secretary's Report 94 Money Mart 96 Cocie4 of Pape iitotev Collector, OFFICERS President J. Roy Pennell, Jr. P. 0. Box 858, Anderson, S C. 29621 Vice-President Robert E. Medlar 4114 Avenue Q, Lubbock, Texas 79412 Secretary Vernon L. Brown P. 0. Box 8984, Fort Lauderdale, Fla. 33310 Treasurer M. Owen Warns P. 0. Box 1840, Milwaukee, Wis. 53201 APPOINTEES-1972-73 Librarian Barbara R. Mueller Attorney Ellis Edlow BOARD OF GOVERNORS-1972-73 Thomas C. Bain, Vernon L. Brown, Forrest W. Daniel, James N. Gates, Nathan Goldstein II, Maurice M. Gould, David A. Hakes, William J. Harrison, Brent H. Hughes, Robert E. Medlar, Charles O'Donnell, J. Roy Pennell, Jr., Glenn B. Smedley, George W. Wait, M. Owen Warns. Society Library Services The Society maintains a lending library for the use of members only. A catalog and list of regulations is in- cluded in the official Membership Directory available only to members from the Secretary. It is updated periodically in PAPER MONEY. For further information, write the Librarian, 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 Vermont Obsolete Notes and Scrip by MAYRE B. COULTER $10.00 postpaid 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. A limited supply of bound books containing two volume- years each also available for $12.50 per book. Specify Vols. 5 and 6 (Nos. 17-24) ; or 7 and 8 (Nos. 25-32) ; or 9 and 10 (Nos. 33-44). Send remittances payable to The Society of Paper Money Collectors, Inc. J. ROY PENNELL, JR. P. 0. Box 858, Anderson, S. C. 29621 Be Sure To Include Zip Code! The National Bank Note Issues of 1929-1935 by M. 0. WARNS-PETER HUNTOON-LOUIS VAN BELKUM This book is now completely sold out and is no longer available from the Society. HIIIIIIIII11111111111111111111111111111111111111111111111111111111111111111111111I11111111111111nlinii111111111111111111111 IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII IE E E Important Notice = E.= == = = ibld PhiIMoneyey s A Copyrig te = = E E== No article originally appearing in this publication, or part thereof or condensation of same, can be reprinted E• elsewhere without the express permission of the Editor. Although your Officers recognize the publicity value to E.- E the Society of occasional reprints, they cannot allow indiscriminate use of the material from PAPER MONEY in g_ • other publications even when condoned by the author. Therefore. authors should contact the Editor for permis- = Ei s i o n to reprint their work elsewhere and to make arrangements for copyrighting their work in their own names, == if desired. Only in this way can we maintain the integrity of PAPER MONEY and our contributors. == E PAPER MONEY reserves the right to edit or reject any copy. The opinions of the authors are not necessarily E E those of the staff or the Society. === fil 11111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111110111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111ifinilinT WHOLE NO. 46 PAGE 55Paper Money INTRODUCTION MONTANA BANKING HISTORY 14 ONG before the land which is now Montana be-came a territory and state, it was part of other territories. As early as the 1820's, a means of currency had been set up and was in use. Various Indian tribes. pioneering trappers and frontiersmen had developed a medium of exchange known as "made heaver" currency. As the area developed, trading posts and such firms as the Hudson's Bay Company and the American Fur Company set up outposts. The "made beaver" currency became even more established as a part of the economy. Dried beaver pelts were accepted, and denominations of "1 beaver, 1/2 beaver, 1/4 beaver, and 1/s beaver" were the understood medium of exchange.' Descriptive Listing of MONTANA Bank Notes, Drafts, Scrip and Warrants By Harry G. Wigington organic law stated that no paper form of currency could be issued or used. Exceptions, as in most things, did exist. Bank drafts were a frequent form of trans- action, with records and letters showing how banking operations were often done on a "shoe string." Many times a draft or check exchanged hands and thereby saved the day for early private bankers who operated with limited amounts of specie on hand. The volume of gold that was being taken out of Montana accounted for the shortages in its economy. Shippers, such as Wells Fargo & Company and others, were charging 2 1/2% of face value to import greenbacks, with the proviso that they would be the agent for shipping out the gold dust to the eastern markets at the charge of 3% for a one-year period. Some bank drafts and checks are known to have passed hands freely; however, the trans- actions were mainly between merchants, bankers and other commercial individuals. The miner relied on his labors, and after panning his dust he often "blew it" at the local saloon on whiskey or gambling. What little was left he took to a local hanker, asking him to hold this remainder. This de- posit was made for a service charge, ranging from 1/2 to 107( interest of the amount deposited. A certificate was given with each deposit. Ledgers were kept to account for deposits and withdrawals of an individual. These certificates are known to have passed as a medium of exchange. especially in the hard winter months. Usually the higher grade dust was sent back east, leaving only the low grade. which was worth considerably less. As a result, the winter months affected the general economy of the community. During this period, the inhabitants resorted to other media of exchange to sup- plement their economy. The circulation of checks and drafts in the community served as an alternate exchange medium. Strange as it may seem, drafts on local and nearby banks passed more freely than the greenbacks. which were accepted at a discount. and supplanted pri- vate bank notes and scrip, in which the west seemed not to have any reliance. So, in effect, a type of paper currency still found its way into existence. While it was unlike the type used in the eastern states, it served its purpose. arid during shortages of other media of exhange served the community. Legal Tender in Montana, Albert J. Parte11, 1964. THE INFLUENCE OF GOLD These "heavers" had a set value, being worth so much for flour. salt, and gunpowder. Equally so, they had a set value in trade for other furs, such as mink, fox, marten and muskrat. So it was not until the 1850's that gold came to play any part in the economy as a medium of exchange. Early discoveries were relatively small, and the land did not develop as a "gold field" until 1863, when gold was discovered in the Bannack area. Montana. still unborn as a territory, was part of Idaho. Soon such discoveries in Alder Gulch and Last Chance Gulch brought on the need for a political change, and on May 26, 1864, Montana budded forth as a huge golden flower rich with gold which drove men to leave their homes. rob and even kill. Montana was not unlike other western states and territories in its distrust regarding the use of paper cur- rency. The actual use of paper money in Montana was practically non-existent. As in all western states and territories. Montana relied on the medium which was most trusted. convenient, and accessible—GOLD! Since Montana did not come into existence until after the National Banking Act of 1863, there was little chance of a territorial or private currency system be- ing established. Also, it was not really practical, as Montana had a hard money society. National Currency and U. S. Notes were accepted, but at a discount. as was the general case in the western states and territories. Little use was made of private paper notes, and bankers seemed not to rely on their use any more than the people themselves. CHECKS AND DRAFTS BECOME CURRENCY However, there were attempts made in various western states and territories, mostly out of necessity. Montana's EXCHANGE BANKERS As previously stated, U. S. Notes, commonly termed "greenbacks," were in use in Montana. and it was not until 1868 that they were no longer discounted. Gold dust was the CENTER FORCE OF THE ECONOMY. and drafts were counterstamped "payable in gold" until 1868, when they were marked in currency. When Virginia City boomed into existence after the gold strike in Alder Gulch on May 26, 1863, the economy PAGE 56 WHOLE NO. 46Paper Money grew and the need for an "exchange banker" be- came apparent. The first of these exchange bankers were the Banking House of Allen and Millard; and Holladay & Halsey, operating out of the Holladay Over- land Mail & Express Company offices. Bannack, which was the first gold strike in present Montana, had no known recorded banking operations until 1868. How- ever, merchant buying and selling exchanges were prob- ably made for gold dust to serve the needs of the miners and the community. ESTABLISHMENT OF CONVENTIONAL BANKS Several years after territorial status had been set up and the gold rush fever was at its peak, more sophisti- cated banking practices and economic measures were pressed for by a number of individuals. William A. NowIan, prominent early merchant and banker, attempted to have a branch mint set up in Montana. He used the argument that the resources of the territory and gold being available were certainly worthwhile considerations for such action. However. his dream never reached fruition. But banking techniques and the institution of banking itself grew from the infant form of merchant exchange banking in the remote mining camps to full- fledged banking services in the Territory's more populous camps. word. Papers from McKnight's estate show the fulfill- ment of a banker in the wilds. Checks, drafts and certificates of deposit have been found written on letter heads, scraps of paper, stock forms. and pages from ledgers and diaries. Some post traders issued scrip; others like McKnight & Co. used their own private banking system. TERRITORIAL WARRANTS Helena and Virginia City boasted the largest banks and had the distinction of operating the largest number in their respective cities. Many were short-lived, exist- ing only a few months to a year, while others served the community and prospered over the years. Many pioneer bankers such as S. T. Hauser and L. H. Hersh- field also opened banks in the smaller camps. For its size, Montana's population was relatively small. due to its vast forest and rugged mountain ranges. But. for its population, it had more than its share of private and territorial banks. Territorial warrants were used early in the financial history of the territory. Denominational bonds and Treasury notes also made another addition to the "paper currency" of the territory. The first types were of a large format, about 8 x 10 inches in size; these were in use from 1864 to about 1874, when a smaller style was adopted. In the spring of 1883, the type most frequently found remaining today was put into use. It was the "BOUNTY WARRANT" which the territory used to rid the countryside of excessive numbers of bears, mountain lions, wolves, and coyotes. In 1885. Stock and Detec- tive Fund Warrants were adopted to pay expenses en- countered in the growing livestock boom which the territory was experiencing. By the late 1880's the gold and silver booms were about played out; the land was stripped of the magic which had brought Montana into being. But another metal was coming into prominence—cooper. with Butte City being the place of this new birth. Virginia City had been the leading mining camp when Montana was created a territory. Now Butte City was the leader as statehood was achieved on November 8, 1889. STATEHOOD AND THE COPPER ERA The First National Bank of Helena, after receiving its charter on April 16, 1866. immediately deposited $40,000 in bonds in the U. S. Treasury and was allowed to issue 90 per cent of this amount. or $36,000, in bank notes. The Montana Post in reporting this action made the observation: "There was a heavy run upon it for two-bit shin-plasters for whiskey money, yet it had held its own." Banking had come a long way from its infancy of the 1860's to the reign of the Cooper Kings. Many of the banks which survived the fall of the silver market and the panics of the 1890's continued to grow and lasted into the twentieth century. The others, the pioneers. left their footsteps for us in the form of their drafts, checks, scrip, and notes. This listing is an effort to retrace to steps of those men. It will never be com- plete. as the winds of time have blown away many of the footprints. H.G.W. FRACTIONAL CURRENCY This gives rise to the strong belief that 25-cent scrip notes were used in saloons, restaurants. and possibly other establishments during the period of 1865 to 1868. Also. other denominations may have existed. Unfortu- nately, none of these notes have come to light, and this phase of Montana currency is still unknown. While U. S. fractional currency appeared in 1862. and the pos- siblity of its use in Montana during this period was probable, private fractional notes or shin-plasters are a possibility from evidence uncovered to date. MILITARY POST TRADERS Traders on military posts in some of the remote regions supplied the civilian needs as well as military. This need was fulfilled in banking as well as supplies. These post traders. such as J. H. McKnight & Co. of Ft. Shaw. were private bankers in the true sense of the I wish to express my sincere thanks to the great number of people who have helped in this initial listing of Montana material. It was through their help and assistance that I am able to present this listing. As it has been done in other similar works, a reference check list is included of the banks which have been verified as actual banking firms. To this date, no material has been found of these banks, and it is hoped that the list will assist those persons now and in the future who locate such material. The list is broken into two groups, private banking houses. and National and Territorial- State Banks. There are a number of known checks on Montana banks. especially during the period of 1875 to 1899. However. only those known checks of the 1864 to 1874 period have been been listed. These served as an emergency measure in several communities to supple- ment the gold and currency already being used as a WHOLE NO. 46 PAGE 57Paper Money medium of exchange. In later decades their use was of a standard transaction nature. and this listing does not encompass that area. Also, no totally accurate rarity listing of such material ith a monetary scale can be given which can be con- sidered a guide to use in selling or purchasing such items. However, the rarity scale as given can assist in ascertaining the number of known existing pieces. The following is such a scale: R-7 1 to 3 R-5 16 to 50 R-3 100 to 200 R-1 over 500 R-6 4 to 15 R-4 51 to 100 R-2 200 to 500 ACKNOWLEDGEMENTS Again, I would like to express my thanks to the follow. ing individuals and organizations for their help; hut. most of all, to my good friends in Montana without whose help this listing could not have been accomplished. L. 0. Brackman Maurice M. Burgett Grover C. Criswell Robert E. Dickson B. M. Douglas Benjamin B. Dubose Harry E. Fine Dale C. Hawkins Richard T. Hoober O'Neal Jones Ford Knight Montana Historical Society Joel Overholser Russell Rulau Joseph E. Seiter Arlie Slabaugh J. E. Weaver Frederick B. Weber Western Reserve Historical Society REFERENCES HISTORY OF MONTANA, Michael E. Leeson (1885) GOLD CAMP, Larry Barness (1964) GOLDEN GULCH, Dick Pace (1961) BANKING IN MONTANA (1864 to 1964), Clarence Groth (1964) LEGAL TENDER IN MONTANA, Albert J. Partoll (1964) HISTORY OF BANKING IN MONTANA, H. N. Dion (1955) "EARLY MONTANA BANKING," K. Ross Toole, Mon- tana Treasure Magazine, Helena, Feb., 1963, Page 26 "CURRENCY IN MONTANA: 1863 to 1873," John Hakola (from Historical Essay on Montana & the Northwest, edited by J. W. Smurr & K. Ross Toole, Helena, 1957) "FINANCIAL FRUSTRATIONS," Carl J. White, Mon- tana, The Magazine of Western History, Spring, 1967 "PEOPLES NATIONAL BANK OF HELENA, MON- TANA TERRITORY," Harry G. Wigington, Paper Money, Volume 8, No. 4. "GOLD DUST AND GREENBACKS," C. Jack Wall, Montana, The Magazine of Western History, Autumn, 1957 "FLOUR FAMINE," Dorothy Johnson, Montana, The Magazine of Western. History, Winter, 1959 "AN ATTEMPT TO ESTABLISH A PRIVATE MINT IN MONTANA," Numismatic Scrapbook Magazine, Dec., 1961 "MONTANA NUMISMATICS," Russ Rulau & Harry Wigington, Numismatic Scrapbook Magazine, Aug., Sept., Oct., 1969 "MONTANA FOOTNOTES—Bonds Free Territory From Debt," Harry G. Wigington, Numismatic Scrapbook Magazine, Jan., 1971 HELENA CITY DIRECTORIES, 1882 to 1884 BUTTE CITY DIRECTORIES, 1887 to 1909 VARIOUS MONTANA NEWSPAPERS FROM 1864 to 1900. CORLIES, MACY & CO., STATIONERS, 39 NASSAU ST., N.Y. CORLIES, R. F., & MACY, STATIONERS, 33 NASSAU ST., N.Y. GAST, AUGUST BANK NOTE CO. ST. L. & N.Y. HAMILTON BANK NOTE COMPANY, NEW YORK HAMILTON BANK NOTE ENGRAVING & PRINTING CO., NEW YORK HAMILTON, JOHN, STATIONER, 52 JOHN ST., N.Y. HELENA REPUBLICATION PRINT, HELENA IOWA PRINTING CO., DES MOINES JOHNSTONE PRINT, FORT BENTON LIPPONCOTT, J. B. & CO. PHILA. LITH. PIONEER PRESS CO., ST. PAUL, MINN. LITHO OF PIONEER PRESS CO., ST. LOUIS LITHO PIONEER PRESS CO., ST. LOUIS LITHO OF WHITE & BRAYLEY, BUFFALO, N.Y. MACOY & HERWIG, STATIONERS, 112 & 114 BROAD- WAY, N.Y. MACOY, R. F., 114 BROADWAY, N.Y. ROBT. F. MACOY, AGT., STATIONERS, 114 BROAD- WAY, N.Y. MANN, WILLIAM, PHILA. McKITTRICK, J., & CO., LITH., ST. LOUIS MIDDLETON, J. W., PRINTER, 55 STATE ST., CHICAGO MIDDLETON, J. W., PRINTER & STATIONER, CHICAGO MONTANA POST PRINT MOSS & BRO., STATIONERS, PHILA. NATIONAL BANK NOTE COMPANY NEW NORTHWEST LITHO AGENCY PIONEER PRESS PIONEER PRESS CO., ST. PAUL PIONEER PRESS LITHO., ST. PAUL PIONEER PRESS, ST. PAUL PIONEER PRESS, ST. PAUL, MINN. SACKETT & WILHELMS LITHO CO. 5th AVE. & 16th ST., NEW YORK SALT LAKE TRIBUNE PRINT SLOTE & JONES, 93 FULTON ST., N.Y. SLOTE & JONES, STATIONERS, 93 FULTON ST., N.Y. SLOTE & JONES, STATIONERS & PRINTERS, 93 FULTON ST., N.Y. STEARNS, & BEALE, STATIONERS, 147 FULTON ST., N.Y. ST. LOUIS BANK NOTE COMPANY THAYER & JACKSON STATIONERY CO., CHICAGO UNION LITHO CO., S.F. UTAH LITHO CO., S.L.C. WESTERN BANK NOTE & ENG. CO ., CHICAGO WESTERN B.N. & ENGRAVING CO., CHICAGO, ILL. WESTERN BANK NOTE COMPANY WESTERN BANK NOTE CO., CHICAGO WHITE & BRAYLEY, BUFFALO, N.Y. REFERENCE LISTING OF PRIVATE HOUSES OPERATING IN MONTANA FROM 1864 TO 1889, OF WHICH NO NOTES OR DRAFTS HAVE COME TO LIGHT Bank Location BANNACK Isaac Roe & Bro., Bankers A. F. Grater & Co., Bankers Period of Operation 1868 to 1886 1875 to 1876 BILLINGS Stebbins, Mund & Co., Bankers Stebbins, Post & Mund, Bankers H. A. Bruns & Co., Bankers Bailey & Billings, Bankers Bailey & Griggs, Bankers 1883 to 1883 1882 to 1883 1883 to 1883 1886 to 1888 1889 to 1891 IMPRINTERS BOZEMAN AMERICAN BANK NOTE COMPANY, NEW YORK BARNARD, GEO. D., & CO., ST. LOUIS, MO. CLAY & RICHMOND, BUFFALO, N.Y. 1878 to 1880 1880 to 1883 1882 to 1884 Banking House of Story & Willson Banking House of Nelson Story Sebree, Ferris & White, Bankers PAGE ,58 WHOLE NO. 46Paper Money BUTTE RED LODGE Banking House of S. T. Hauser & Co. 1877 to 1881 Banking House of J. H. Conrad & CO. 1889 to 1893 Donnell, Clark & Larabie, Bankers Clark & Larabie, Bankers 1877 to 1884 1874 to 1890 SANDCOULEE Chinese Bank 1880 to ? Bank of Sandcoulee 1889 to 1889 CASTLE STEVENSVILLE Banking House of Edinger & CO. 1889 to 1889 Banking House of S. Marchesseau 1872 to 1876 CEDAR Banking House of Edinger & CO. DEER LODGE 1871 to 1871 TERMINUS (UTAH NORTHERN R.R.) Banking House of Sebree, Ferris & Holt 1880 to 1881 Banking House of Sebree, Ferris & White 1881 to 1883 VIRGINIA CITY Donnell & Co., Bankers Donnell, Clark & Larabie, Bankers Clark & Larabie, Bankers 1870 to 1872 1879 to 1884 1884 to 1890 Banking House of S. T. Hauser & Co. Nowlan & Wearly, Bankers 1865 to 1866 1866 to 1869 Tutt & Donnell, Bankers 1866 to 1869 DILLON Wells Fargo & Co. 1866 to ? James F. Brown & Co., Bankers 1870 to 1874 Sebree, Ferris & White, Bankers 1880 to 1884 Banking House of Henry Siegel 1871 to 1872 Bank of Southern Montana 1884 (operated 4 months) Banking House of Henry Elling 1873 to 1899 Banking House of Potter & Lambrecht 1874 to 1874 END OF TRACK (Mo. Div. N.P.R.R.) Raymond, Harrington & Co., Bankers 1879 to 1884 Banking House of H. A. Bruns & Co. 1883 to ? Hall, Harrington & Co., Bankers 1884 to 1889 FORT BENTON Bank of Northern Montana Territory 1880 to 1890 GLENDALE N. Armstrong & Co., Bankers 1878 to 1885 GLENDIVE 1883 to 1885 WHITE SULPHUR SPRINGS Banking House of Potter, Moe & Co. (also known as Bank of Meager Co.) REFERENCE LISTING OF NATIONAL AND TERRITORIAL-STATE BANKS OPERATING IN MONTANA DURING THE PERIOD 1866 TO 1889 Bank of Glendive (also known as Hurst & Co., Bkrs.) Merchants Bank of Glendive 1882 to 1887 1883 to 1906 HECLA Hecla Mercantile & Banking Co. HELENA BILLINGS 1888 to 1894 Banking House of S. T. Hauser & Co. Banking House of S. Cantoni & Nowlan & Weary, Bankers Bohm & Aub, Bankers J. S. Atchinson & Co., Bankers Tutt & Donnell, Bankers Pinney & Trumbull, Bankers S. H. Bohm & Co., Bankers George M. Pinney, Bankers T. E. & D. G. Tutt, Bankers Tutt, Murphy & Neel, Bankers Murphy, Neel & Co., Bankers Banking House of John T. Murphy & BOULDER Bank of Jefferson County BOZEMAN 2 mos.) to 1866 to 1869 to 1868 to 1872 to 1868 to 1868 to 1872 to 1868 to 1869 to 1872 to 1874 to 1886 First National Bank First National Bank Bozeman National Bank Gallatin Valley National Bank BUTTE DILLON GREAT FALLS 9-28-1881 to present Dillon National Bank 5-2-1884 to 8-24-1893 1866 (operated Co. 1866 1866 1867 1867 1867 1867 1868 1868 1868 1870 1872 Co. 1875 Northwestern National Bank First National Bank LIVINGSTON Bank of Livingston (also listed as Stebbins, Mund & Co.) C. S. Hefferlin & Son, Bkrs. (also listed as Merchants Bank) MELROSE Formerly 1st National Bank of Ft. Benton 7-1-1886 to present Bank Location Period of Operation ANACONDA First National Bank 1-17-1889 to 2-1-1895 First National Bank 12-27-1883 to 7-2-1910 10-4-1888 to 6-26-1890 HELENA 1883 to 1886 8-14-1872 to 9-14-1873 10-23-1882 to 7-22-1893 11-14-1883 to 7-24-1893 4-17-1872 to 7-20-1882 to 3-21-1887 to 4-15-1873 9-30-1893 1-26-1915 1883 to 1884 Hecla Mercantile & Banking Co. MILES CITY Bank of Miles City (also listed as Nininger & Harding, Bankers) Stebbins, Mund & Co., Bankers Merchants & Drovers Bank 1887 to 1894 7-16-1883 to12-18-1886 to 9-11-1889 to 8-25-1884 12-1-1929 7-20-1893 1879 1882 1882 to 1882 to 1884 to 1882 MISSOULA Banking House of C. P. Higgins C. P. Higgins' Western Bank 1870 to 1873 1888 to 1893 PHILIPSBURG The Silver Bank 1889 (operated 2 mos.) Montana National Bank Second National Bank Thomas Cruse Savings Bank LIVINGSTON First National Bank National Park Bank Livingston National Bank MILES CITY First National Bank 7-7-1882 to 7-1-1924 Stock Growers National Bank 12-20-1884 to 8-9-1893 MISSOULA Missoula National Bank 5-14-1873 to present Now First National Bank Western Montana National Bank 3-21-1889 to present PHILIPSBURG Joseph A. Hyde Banking Co. 9-15-1888 to 12-4-1891 WHOLE NO. 46 PAGE 59Paper Money ANACONDA HOGE, DALY & CO., BANKERS 1. Draft 189- printed. Engraved print. Bust of young girl with curls at left. Bank name across top center. Fancy scroll border. Scott RN-X7. IMPRINT: Western Bank Note Co., Chicago R-5 BILLINGS HENNESSY MERCANTILE COMPANY 21.5.00 Not dated. Crude print. Lampoon vignette of J. D. Rockefeller at lower left. Can of kero- sene at lower right. Center vignette of Batterman in Indian dress with hatchet "to cut wages." Green and black print. Printed green reverse. IMPRINT: None R-7 NOTE: Both of these pieces are political and fantasy notes used in the "War of the Copper Kings," and used in the election of 1899. Probably printed by the same firm or individual. The over- all design is similar on each note. 1.00 and 10.00 also probably exist, prepared on other Butte firms associated with Standard Oil and Amalgamated Copper Company. These fantasy notes were used in the November election of 1899 in Butte between the F. Augustus Heinze forces and the Amalgamated Copper Company. Hennessy Mercantile Company opened for business on November 21, 1898. Founded by D. J. Hennessy, merchant giant, who also had large mining interests and eventually became an opponent of F. Augustus Heinze, as evidenced by the 5.00 Hennessy satirical note. The can of kerosene was Heinze's slogan against Amalgamated to show their association with Standard Oil Company. MONTANA MINING LOAN & INVESTMENT COMPANY 22.25c Printed dates. Litho print. Red and blue "25" counter overprints. Printed reverses. IM- PRINT : None R-5 23.25c Printed dates. Litho print. Black and red fancy borders with black "25" counters. Printed green reverse with State Seal in center. IMPRINT: None R-5 5. 50c Similar to #3, except denomination R-5 FIRST NATIONAL BANK 1. Draft 188- printed. Litho print. FIRST NATIONAL BANK, BILLINGS, M. T. across left end. Black print on cream-yellow paper. IMPRINT: Pioneer Press, St. Paul, Minn. R-5 BUTTE COPPER CITY COMMERCIAL COMPANY 1. 2.00 Note dated. Crude print. Lampoon vignette of J. D. Rockefeller at lower left. Can of kero- sene at lower right. Center vignette of John K. Toole showing company employee billboard. Green and black print. Printed green reverse. IMPRINT: None R-7 Butte No. 2 Butte No. 1 PAGE 60 Paper Money WHOLE NO. 46 6. 1.00 Printed dates. Litho print. Black and green with fancy borders and light red numeral over- print. Printed green reverse listing 6 banks of Butte. Size 2 3/4" x 61/4". IMPRINT: Hamil- ton Bank Note Engraving & Printing Co,, New York R-5 7. 1.00 Printed dates. Litho print. Black and red with fancy borders and light red numeral over- print. Printed green reverse with State Seal in center. Size 2 1/2" x 5 1/2". IMPRINT: None R-5 NOTE: This mining and loan investment firm was in operation from 1892 to about 1905. CHOTEAU HAMILTON & HAZLETT 1. Draft 188- printed. Litho print. HAMILTON & HAZLETT at left end. Large fancy "$" at upper left. Black print on cream color paper. IMPRINT: None R-7 NOTE: Early in 1885 Old Agency (also known as Agency Post) was changed to Choteau. The origi- nal spelling appears to have been Choteau, and later changed to Chouteau. Early maps and spelling of name on draft show Choteau, while more recent maps show Chouteau. Hamilton & Hazlett were general merchants, also serving as Agency traders. DEER LODGE FIRST NATIONAL BANK 1. Draft 187- printed. Engraved print. at upper left. Scott RN-G1. Vignette of train at station in upper right corner. Bank name IMPRINT: Western Bank Note & Eng. Co., Chicago R-4 NOTE: Bank was in operation from 5-1-1872 until 8-16-1879. nell, Clark & Larbie, Bankers. JOSLY & MORSE ( FORWARDING AGENTS) 2. Draft 188- printed. Type print. Train at upper left. Sebree, Ferris & White at top center, with JOSLY & MORSE, Successors to . . . stamped over in red ink. Black & white print. IM- PRINT: J. W. Middleton, Printer, 55 State St., Chicago R-5 SEBREE, FERRIS & WHITE ( FORWARDING AGENTS) 3. Draft 188- printed. Type print. Train at upper left. Firm name of Sebree, Ferris & White at top center. Black & white print. IMPRINT: W. Middleton, Printer, 5.5 State St., Chicago R-6 Sebree, Ferris & White were Forwarding & Commission Merchants, in addition to operating several private banks, including Dillon and on the Terminus (Utah Northern R.R.). Josly & Morse took over Sebree, Ferris & White's operations in 1883, making their base of operation in Deer Lodge. Bank reformed under the name of Don- NOTE: Deer Lodge No. 1 DILLON SEBREE, FERRIS & WHITE ( FORWARDING AGENTS) 1. Draft 188- printed. Type print. Similar to Deer Lodge 3, except slightly larger print of firm's name and several minor type print changes. IMPRINT: J. W. Middleton, Printer & Station- er, Chicag R-7 FORT BENTON I. G. BAKER & CO. 1. Draft 187- printed. Litho print. Indian holding rifle looking out, with forest in background at left end. Dog's head at bottom center. Pink overprint, black print on white paper. IMPRINT: .1. B. Lippincott & Co., Phila. R-7 NOTE: Firm had two periods of operation, 1868 to 1880 and 1888 to 1893. In addition to banking, they were successful commission merchants, steamboat agents, and Indian traders. CHOTEAU COUNTY WARRANT (CHOUTEAU) 2. Warrant 188- printed. Litho print. No other description available. IMPRINT: Unknown R-7 WHOLE NO. 46 PAGE 61Paper Money aaaaaaswswsaasasarraasa+..e,aaaaaaaaaaaaaaaw . (On ql1REE,. FERRIS & WHITE. • gsycluortititi,t,4; . est‘iiew, /, Dillon No. 1 Fort Benton No. 4 FIRST NATIONAL BANK 3. Draft 188- printed. Litho print. Vignette of cowboys herding cattle at upper right. Bank name in upper center. Fancy initials of F.N.B. at left. Scott RN-G1. IMPRINT: None R-6 T. C. POWER & BRO. 4. Draft 18— printed. Litho print. Indian on horseback spearing buffalo at left. River steamboat at upper right. Firm name upper left. IMPRINT: J. McKittrick & Co. Lith., St. Louis R-6 5. Draft 188- printed. Type print. T. C. POWER & BRO., FT. BENTON, M.T. across center. Black print. IMPRINT : None R-7 NOTE: Thomas C. & John Power were wholesale grocers, commission merchants, steamboat agents and semi-private bankers. But their principal business was Indian and Military Traders. One of Power's principal business associates was Joseph H. McKnight, post trader, at Ft. Shaw, Montana Territory. Power later became one of the first two State Senators when Montana became a state in 1889. H. A. RENNERLY-INDIAN AGENT 1. Check written date 8-31-1875. Handwritten document. Drawn on J. H. McKnight & Co., Ft. Shaw, Montana Territory. IMPRINT: None R-7 NOTE: H. A. Rennerly was the Indian Agent at Ft. MaGinnis, which was located to the east of Ft. Shaw. McKnight supplied this post with various goods from his post store at Ft. Shaw. McKnight also being a "sort of banker," had checks and drafts written on his post store by various agencies, and military posts in the region. These drafts and checks were all hand- written, being drawn on funds which individuals had deposited with McKnight to keep in his safe. Records, ledgers, certificates of deposit, and other similar type material verify this opera- tion, which was very uncommon. STEAMER LUELLA 6. Fare scrip. Written dates. Type print. Steamer Luella in center, with H. E. Hazlett-Master printed below. IMPRINT: Johnstone Print, Fort Benton R-7 FORT KEOGH MACQUEEN & YOUNG-POST TRADERS 1. 25c 188- printed. Engraved print. Young boy with dog, barn in background at left end. "cents" over "25" in upper left corner. Printed reverse. IMPRINT: Western BN & Engraving Co., Chicago, Ili. R-7 2. 50c No description. NOTE: Other denominations may exist. Firm operated in 1880's. Ft. Keough was located near Miles City. FORT MaGINNIS Fort Benton No. 3 I, .111)Wilt &1111(r1.141, ' 4, %it JO tl'S ro twod"''' 41,01 r Itirflhwtoll unnturo - /tee10, /.4# 4 4 4 4;10 4 PAGE 62 WHOLE NO. 46Paper Money Fort Keogh No. 1 $' 0'y V EMI , Fort MaGionis No. I it7 r h. 7 I. LC, ft c 4 i,„„, FORT SHAW EASTERN MANUFACTURING COMPANY 1. Certificate draft 189- printed. Engraved print. Fancy gold overprint. Drawn on C. T. Grove, Great Falls. Fancy dark seal in center. Printed green reverse. IMPRINT: Iowa Printing Co., Des Moines R - 5 LABOR EXCHANGE-GREAT FALLS BRANCH 1266 2. 1.00 Dated 1897. Litho print. Liberty with scales and sword at left. Globe showing hours of J. H. MCKNIGIIT & CO.-POST TRADER 1. Draft 187- printed. Type print. River steamboat at left end. Dog's head at bottom center. Blue and white print. IMPRINT: None R-7 NOTE: This is a counter draft made out to McKnight's business at Ft. Shaw. McKnight operated in addition to his post trader business a "private banking venture." He took deposits from in- dividuals, prospectors, trappers, soldiers, and Indian Agents, as well as other Indian Agency employees. These parties wrote checks, handwritten, on his business, which he accepted. When a deposit was made, McKnight completed a counter certificate of deposit slip for the amount and date. Other firms accepted these handwritten checks, such as T. C. Power & Bro., First National Bank of Helena, Peoples National Bank of Helena, and several others. Records also show where individuals also "altered" checks on the Banks of Helena, changing the bank name to that of McKnight's Store at Ft. Shaw. This unusual system was used in lieu of a regular denominational scrip or metal token system. McKnight was the post trader at Ft. Shaw from 1871 to 1887, also serving in the capacity of Postmaster. 2. Draft 188- type print. FIRST NATIONAL BANK, of Ft. Benton, Montana across center. J. H. McKnight & Co. across left end. Ft. Shaw, M. T. across top center. Black & white print. IMPRINT: None R-5 NOTE: This was McKnight's own post trader draft, drawn on First National Bank of Ft. Benton, M.T. Documents from Ft. Shaw, signed by Colonel John Gibbon, Commander of the 7th In- fantry, show that McKnight also did trading with the Indians around Ft. Shaw. GRANITE GRANITE MOUNTAIN MINING CO. 1. Draft 188- printed. Type print. Fancy print of GRANITE MOUNTAIN MINING CO. at upper left corner. FIRST NATIONAL BANK OF HELENA, MONTANA at lower left corner. Black print on white. IMPRINT: None R-2 NOTE: Two varieties exist, with minor changes in style of print. GREAT FALLS WHOLE NO. 46 PAGE 63Paper Money day in center. Fancy "one" at right. Fancy borders. Pale purple print on obverse. Fan- tasy train vignette on reverse, printed in green. IMPRINT: None R-7 HELENA ALLEN & MILLARD, BANKERS 1. Check 186- printed. Type print. Fancy scroll work at left end. Dog's head at bottom center. IMPRINT: R. F. Corlies & Macy, Stationers, 33 Nassau St., N. Y. R-7 NOTE : Considered to be the first actual permanent bankers in Montana Territory, operating offices from Virginia City as well as Helena. CITY OF HELENA 2. 50.00 Not dated. Type print. Bust of President Garfield at left. Indian overlooking cliff at right. Territorial seal in center. Green and black print. Printed reverse. IMPRINT: Pioneer Press R-7 NOTE: This is a fantasy note, used by businessmen of Helena about 1875 after the city had suffered a great fire loss in January, 1874. It was about this same time that Helena won the election as the new territorial capital. This is one of three known specimens ; one is of a light green shade, and two are darker green shades. FIRST NATIONAL BANK OF HELENA 3. Check 186- printed. Type print. Prairie schooner at left end. Bank name in center. Printed in blue ink. IMPRINT: None R-7 4. Certificate of Deposit 186- printed. Type print. Fancy scroll work at left end. Printed in blue ink. IMPRINT: None 11-4 5. Certificate of Deposit 186- printed. Type print. Fancy scroll work at left end. Dog's head at bottom center. Printed in black ink. IMPRINT: Helena Republican Print R-4 6. Certificate of Deposit 186- printed. Type print. Fancy scroll work at left end. Eagle at top of scroll work at left. Dog's head at bottom center. Printed in black ink. IMPRINT: Mon- tana Post Print, Helena R-4 7. Draft 186- printed. Litho print. Bank teller in cage, gold scales at left end. Fancy gold over- print. Scott RN-B1. IMPRINT: Stearns & Beale, Stationers, 147 Fulton St., N.Y. R-5 8. Draft 187- printed. Litho print. MONTANA across left end. Name of bank at top center. Scott RN-C1 and Scott RN-E4. IMPRINT: Stearns & Beale, 147 Fulton St., N.Y. R-3 NOTE: There are three sub-varieties, with different color overprints and minor printing styles of the above draft. Drafts also appear with printed dates of 188-. 9. Draft 187- printed. Litho print. MONTANA across left end. Name of bank at top center. Gray- blue overprint. Scott RN-D1. IMPRINT: Litho of White & Brayley, Buffalo, N.Y. R-4 10.Draft 187- printed. Litho print. MONTANA across left end. Bank name at top center. Tan overprint, ORIGINAL overprinted in green. IMPRINT: None R-3 11. Draft 187- printed. Litho print. MONTANA across left end. Bank name at top center. Scott RN-Gl. IMPRINT: Clay and Richmond, Buffalo, N.Y. R-3 NOTE: There are three sub-varieties with different color overprints and minor printing styles of the above draft. Drafts also show 1888- printed. 12.Draft 188- printed. Engraved print. Scene of Yellowstone Park at upper left. Fancy engraving of bank name at upper right. IMPRINT: American Bank Note Company, New York R-4 13. Draft 18— printed. Litho print. Similar to #12, except dark gray ink print. IMPRINT: August Gust Bank Note Co., St. L. & N.Y R-3 Great Falls No. 2 Paper Money WHOLE NO. 46PAGE 64 vtist) II 'T111'1'4 Viational auk , -ctocc,tJ /V) ./7/ 01:• 9.W.,(2day,x4) Helena. No. 7 eoelarst..410111....atX4bmat.S11)040/04.2tutorWalli011IMINIMP 2 -Alt) - cF / J, f ) A el -/ - avtailW * X Vgwritte.11/44.4$;/SCPP., Ult."( Cs :, le?teriPtifOS44 . , o iRST Helena. No. 12 1-0,,, t. . NI f..- .1.,ly --,- to, O.. ., Irma, 1,,-'' 40. i n 4:- s- i. etit. 4)ey. ., A4 .:','! r.'-'/,k-f 'W .....‘, f! r ebt of C,, r • ,..,..,‘„,„... ,.........„...., . Helena No. 2 14. Draft 18— printed. Litho print. Similar to #12. Black ink print. IMPRINT: The Union Litho Co., S.F. R-2 Fox & LYSTERS BANKERS (ALSO KNOWN AS BANKING HOUSE OF Fox, LYSTER & ROE) 15. Check 187- printed. Litho print. Bank name in bold green print in center. SUCCESSORS TO HUSSEY, DAHLER & CO. below. Scott RN-Cl. IMPRINT: Corlies, Macy & Co., Station- ers, 33 Nassau St., N.Y. R-7 NOTE: This bank also listed as Banking House of Fox, Lyster & Roe. No checks or drafts found with the latter name, but newspaper advertisements have been seen. On May 12, 1873, this bank closed operation and reorganized into the Peoples National Bank of Helena. HELENA RELIEF COMMITTEE 16. Scrip note 1-24-1874 written. Handwritten specimen. Drawn on Peoples National Bank of Helena. Signed by A. Sands-Chairman Relief Committee. Brown and Purple Ink. IMPRINT: None R-7 NOTE: On 1-9-1874 Helena suffered a destructive fire, in which many business buildings and homes were destroyed. A fund was collected and the money placed into the Peoples National Bank. If an individual needed funds, or if payment was warranted for a service, the Relief Com- mittee took a handwritten note from parties. The Chairman directed the Peoples National Bank to pay the amount shown. Listed specimen was directed to C. J. Lyster, Cashier of the Peoples National Bank in Helena. • ';'41),( 174 e1, ,1304' / // /Affair/ --,--•• y, I NG 1101,7" e;„• WHOLE NO. 46 Paper Money PAGE 65 P40% *44VS441: • :•••14tt CO Helena No. 15 Helena \o. Ii BANKING HOUSE OF L. H. HERSHFIELD 17.Check 186- printed. Type print. Fancy circle d3sign at left. IN TREASURY NOTES at lower left. Heavy black print. IMPRINT: None R-7 18.Draft 18— printed. Litho print. Counter draft of Lib?rty with shield at left end. Fancy scroll corners. IMPRINT: Moss & Bro., Stationers, Phila. R-4 19.Draft 186- printed. Litho print. Prospector and dog at left end. Dog and safe at bottom center. Scott RN -B6. IMPRINT: Macoy & Herwig, Stationers, 112 & 114 Broadway, N.Y. R-3 NOTE: L. H. Hershfield operated under this name from about 11-1865, when he opened his banking operation, until mid-1866, when he began banking operations as L. H. Hershfield & Co. BANKING HOUSE OF L. H. HERSHFIELD & CO. 20.Draft 186- printed. Litho print. Prospector and dog at left end. Dog and safe at bottom center. AND CO. added in red ink to firm name. Scott RN-B6. IMPRINT: Macoy & Herwig, Sta- tioners, 112 & 114 Broadway, N.Y. R -3 21.Draft 186- printed. Litho print. Prospector and dog at left end. & CO. added into printing of bank name. Scott RN -B1. IMPRINT: Macoy & Herwig, Stationers, 112 & 114 Broadway, N.Y. R -3 22.Draft 186- printed. Litho print. Prospector and dog at left end. & CO. added into printing of bank name. Helena written in over Virginia City. Scott RN-B6. IMPRINT: Macoy & Herwig, Stationers, 112 & 114 Broadway, N.Y. R -7 23.Draft 18— printed. Litho print. Same as #18, except signed as L. H. Hershfield & Co. R-4 24.Draft 18— printed. Type print. Counter draft with eagle and shield in circle, with field of stars. E. Pluribus Unum above eagle at left end. Overprinted with light tan wavy lines. IM- PRINT: None R-4 25. Flour note 1-1-1868 hand stamped date. Handwritten document. Good for 10 sacks of flour. Signed L. H. Hershfield & Co. Drawn on firm of Higgins & Hagadon, Helena merchants R-7 NOTE: As a result of early flour famines in Helena and Virginia City, which resulted in panic and near bloodshed, controls were placed on flour during winter months. Banking houses became brokers during the harsh winter months when flour became scarce. The listed specimen is such an example. L. H. Hershfield & Company operated from mid-1866 until 8-1868, when Aaron Hershfield be- came a partner in the business. Firm name was then changed to L. H. Hershfield & Brother and operated until 6-13-1882, when they reorganized into the Merchants National Bank on 6-14-1882. ,r) -# -rr' ol . ( 7/.///////#ei ///////;// b, /if/ %///14161/4 SAN FRANCISCO, eAl PAGE 66 Paper Money WHOLE NO. 46 BANKING HOUSE OF L. H. HERSHFIELD & BROTHER 26.Draft 186- printed. Litho print. Prospector and dog at left end. Scott RN-B1. IMPRINT: Roht. F. Macoy, Agt., Stationer, 114 Broadway, N.Y. R-3 27.Draft 187- printed. Litho print. Prospector and dog at left end. Vignette smaller and draft larger than previous types. Scott RN-C13. IMPRINT: R. F. illacoy, 114 Broadway, N.Y. R-3 28.Draft 187- printed. Litho print. Prospector and dog at left end. Vignette and size same as #27. GOLD overprinted in center, and IN GOLD added to lower left and lower right corners. Scott RN-D9. IMPRINT: R. F. Macoy, 114 Broadway, N.Y. R-3 29.Draft 187- printed. Litho print. Black print on white paper. No vignettes. Dark imprint of bank name at top center. ORIGINAL in blue at left end. Scott RN-D1. IMPRINT: John Hamilton, Stationer, 52 John St., N.Y. R-3 29A. Draft same as #29, except for no lined border. ORIGINAL in red at left end R-3 Helena No. 31 30.Draft 187- printed. Litho print. Black print on white paper. No vignettes. Light impression of bank name at top center. ORIGINAL DUPLICATE UNPAID added at upper left center. Scott RN-G1. IMPRINT: Corlies, Macy & Co., Stationers, 39 Nassau St., N.Y. R-3 30A. Draft Same as #30, except GOLD added twice on draft R-3 31.Draft 188- printed. Engraved print. Justice with scale and sword at left end. Fancy scroll cor- ners. Fancy name of L. H. HERSHFIELD & BROTHER at top center. Scott RN-G1. IM- PRINT: American Bank Note Company, New York R-3 MERCHANTS NATIONAL BANK 32.Draft 188- printed. Litho print. Foreign exchange draft on Anglo-Californian Bank, Limited, London, England. MERCHANTS NATIONAL BANK at top right center. Black print on dark pink paper. IMPRINT: Conies Macy & Co., Stationers, 39 Nassau St., N.Y. R-5 NOTE: These exchange drafts come with "1" and "2" overprinted on them, standing for FIRST and SECOND exchange. Also other foreign exchange correspondent banks probably exist. 33.Draft 188- printed. Litho print. Fancy scroll seal with bank initials of MNB at left end. Pink safety paper. Scott RN-G1. IMPRINT: Corlies, Macy & Co., Stationers, 39 Nassau St., N.Y. R-4 NOTE: There are three sub-varieties of this draft, two with minor scroll changes and types of print- er's imprint. One type does not have printer's imprint. Also, two types do not have printed revenue stamps. 34.Draft 188- printed. Litho print. Similar to #33, except printed on salmon-tan paper R-5 35.Draft 18— printed. Engraved print. Two young girls with sickle and wheat sheave at left end. Fancy engraved MERCHANTS NATIONAL BANK at top center. Engraved border. Black print on white paper. IMPRINT: American Bank Note Co., New York R-5 36.Draft 188- print. Litho print. MONTANA across left end. MERCHANTS NATIONAL BANK across top center. Red print on gray color paper. IMPRINT: Corlies, Macy & Co., Station- ers, 39 Nassau St., N.Y. R-3 NOTE: There are several minor varieties of this draft, with changes in lettering, color of gray shad- ing on paper, and printer's imprint. 37.Draft 188- printed. Litho print. M 0 N T A N A across left end in double print. MERCHANTS NATIONAL BANK across top in large block print. Black print on salmon-tan paper. IM- PRINT: Collies, Macy & Co., Stationers, 39 Nassau St., N.Y. R-4 38. Draft 188- printed. Litho print. Similar to #36, except black print on salmon-tan color paper R-4 WHOLE NO. 46 PACE 67Paper Money MONTANA FORWARDING Co. 39. Draft 188- printed. Type print. Train rounding curve at upper left side. MONTANA FORWARD- ING CO. across top center. END OF TRACK, NORTHERN PACIFIC R.R. marked out and Helena written in. Black print on whit paper. IMPRINT: Pioneer Press R-6 40.Draft 188- printed. Type print. Similar to #39, except MONTANA FORWARDING CO. marked out, and W. T. JACOBS, successor to . . . stamped in red R-5 MONTANA NATIONAL BANK 41. Draft 188- printed. Engraved print. Fancy scrip MONTANA at left end. Spread eagle at bottom center. Engraved gray color. IMPRINT: Hamilton. Bank Note Co., New York R-7 NOTE: This was the second bank to operate with this name. It was chartered November 11, 1882, and operated until August 2, 1893, when a receiver was appointed. They resumed banking on De- cember 11, 1893, and finally liquidated on February 23, 1901. Proof draft illustrated. PEOPLES NATIONAL BANK OF HELENA 42. 5.00 Written dates. Engraved print. Center vignette of farming scene. "V" in engraved circle at left. "5" in engraved circle at right. Red and black. Engraved back. IMPRINT: Na- tional Bank Note Company R-4 43. 10.00 Written dates. Engraved print. Center vignette of a family of deer at a stream, woods in background. "10" in engraved circle at left and right ends. Red and black. Engraved back. IMPRINT: National Bank Note Company R-4 44. 20.00 Written dates. Engraved print. Center vignette of herd of horses guided by group of men. From the painting of "Horse Fair" by Rosa Bonheur. Fancy groups of "20's" in circle at left and right sides. Red and black. Engraved back. IMPRINT: National Bank Note Com- pany R-4 45. 50.00 Written dates. Engraved print. Center vignette of farmer with small herd of cows and sheep. Girl and boy watching with a city in background. "50" in fancy circles at left and right sides. Red and black. Engraved back. IMPRINT: National Bank Note Company R-4 NOTE: None of the extant known notes are signed. This bank operated from May 13, 1873 until September 13, 1878. These notes were actually certificates of deposit and one of the few actual attempts of placing denominational notes into use. If any were actually used and placed into circulation, the amount was small, and none are known to have survived to date. The lowest reported serial number thus far is =86, and the highest number reported is #283. 46. Check 187- printed. Litho print. Fancy green print of bank name in center. Scott RN-G1. IM- PRINT: Corlies, Macy & Co., Stationers, 39 Nassau, St., N.Y. R-7 46A. Check same as above, except slightly smaller in size R-7 NOTE: The above two specimens are the only known checks on this bank. No other type of material has come to light other than the certificates of deposit, Helena numbers 42 through 45. T. C. POWER & BROTHER 47. Draft 18— printed. Litho print. Liberty seated surrounded by flags with wreath in hand. Black print on white paper. IMPRINT: None NOTE: T. C. Power & Brother also operated a branch operation in Helena which was headed by J. M. Sweeney. Counter drafts were written from their Helena branch, which were accepted by the main operations in Ft. Benton. STATE OF MONTANA 48. Warrant 188- printed. Litho print. Liberty with sword and shield at left, building in background. Dog and safe at bottom center. ORIGINAL in dark pink-red in center. Territory changed to STATE by purple stamp. IMPRINT: Lith Pioneer Press Co., St. Paul R-3 NOTE: Also has been found changed in ink from "Territory" to "State." Helena No. 41 (proof) PAGE 68 WHOLE NO. 46Paper Money 49.Warrant 188- printed. Litho print. Cattle in oval at left. Bull's head at bottom center. ORIGI- NAL in pink-red color in center. Territory changed to STATE by purple stamp. IMPRINT: None R-3 NOTE: Also has been found changed in ink from "Territory" to "State." 50.Warrant 188- printed. Litho print. Ram's head in scroll circle at left. Sheep in bottom center. SHEEP INSPECTOR AND INDEMNITY FUND WARRANT at top center. ORIGINAL in pink-red below. Territory changed to STATE by black ink. IMPRINT: Litho Pioneer Press Co., St. Paul, Minn. R-6 1 -lelena No. 50 51.Warrant 189- printed. Litho print. Liberty in starred robe standing beside shield with wreath in hand. Dog and safe at bottom center. ORIGINAL in dark red print in center. IM- PRINT: Sackett & Wilhelms Litho Co., 5th Ave. & 16th St., New York R-2 52.Warrant 189- printed. Litho print. Rain's head in circle at left. SHEEP INSPECTOR AND IN- DEMNITY FUND WARRANT in black print in center. ORIGINAL in pink-red overprint in center. IMPRINT: None R-5 53.Warrant 189- printed. Litho print. Ram's head in circle at left. SHEEP INSPECTOR AND IN- DEMNITY FUND lined out and STATE WARRANT stamped in above. ORIGINAL in pink- red overprint in center. IMPRINT: None R-4 NOTE: =52 is same style as =53 except the change to a State Warrant. TERRITORY OF MONTANA 54. 50.00 Treasury note. 1875 issue. No description. 55. 100.00 Treasury note. 1875 issue. No description. 56. 50.00 Bond 1876 issue. No description. 57. 100.00 Bond 1876 issue. No description. 58. 500.00 Bond January 1, 1880 printed. Litho print. Center vignette of train. Mining scene at left. Fancy gold overprint of 5 0 0 in center. Green and black. IMPRINT: New Northwest Litho Agency R-5 59. 1000.00 Bond January 1, 1880 printed. Litho print. Same as above, except denomination, and 1 0 0 0 overprinted in gold. IMPRINT: New Northwest Litho Agency R-5 60.Warrant 187- printed. No other description available. IMPRINT: Unknown R-7 61.Warrant 188- printed. Litho print. Prospector and dog at left end. Dog and safe at bottom center. ORIGINAL overprint in pink-red in center. IMPRINT: None R-5 62.Warrant 188- printed. Litho print. Prospector and dog at left end. Dog and safe at bottom center. ORIGINAL overprint in dark red-pink in center. IMPRINT: None R-4 NOTE: =61 type warrant appears only with dates of 1884, and presumably 1883. This style of war- rant was adopted in the spring of 1883, when warrants were given on bounty of specific ani- mals. Records show that the first bounty warrant was paid on May 9, 1883 to Ryland R. Crumb for killing a bear. Payment for killing a bear was $8.00; a mountain lion brought $8.00; however, a wolf was worth $1.00, and a coyote 50c. Squirrels were later added to the bounty list. The 462 type came into use during December, 1884 and is larger than the =61 type. Also, the overprinted ORIGINAL on the =62 type is darker than the =61 type. 63. Warrant 188- printed. Litho print. Liberty with shield and sword with building in background. Dog and safe at bottom center. ORIGINAL overprinted in center in pink-red. IMPRINT: Pioneer Press Co., St. Paul R-4 NOTE: There are at least five different minor varieties of this warrant, with differences in the im- print of printing firm, color of paper, minor variances in size, color of imprint of ORIGI- NAL, and border design. 1,4•■•%4 (Ati,tiktoli71;, ttiSlUtikrAtilkititgAtrrfainrWAAU304:t— ' - k, ,9 ititsafix SitiMISEM'V* , s' t 1 / 11'14' ./` / \L. g.24(;`,°,..t,et • r./ A/. I • .42 .4, I.. t t I • L /1/1 9417//7 /Wy,•0r/// 49/4; <.-4,11,01#/:// we./ IVA'', 7444777 /ea AVel ,r/.C1()/i4i14,11".11141`,/le/ A. .1 . t.) /1.3-e) Prriteria lirers7Pror 4-11 , L 7,,e-7 1. 74.77e; k • IVX*. :2 7 `,-7. 1 1 Zak Vs1.144ketcot . of MN% IS A :A{ etke 0 —is 1)41.3 -7— /, VAN.IkteAVAr...)! \ eY.S. OF ANA. 8,ffit SPEC OR OE1EVilita ta:17/ I ii-VR:15) A,,1;71,1 /*/ AT lieyted /10 J i 41.4 C.17-10 ,4t if 1,e ire 4Ci I be re lid :" Presented for Payment and not Paid for want of funds s' 4" , Air .411r ArrAPrAr."..4111r / / Mbirr.4%.. *MVO. . AfirdNie Aarommireaulr.m.oravAmettlisixwm* , 2 47.--Aii7 de- ./ WHOLE NO. 46 Paper Money PAGE 69 ////r/7 74 Helena No. 62 Helena No. 64 64.Warrant 188- printed. Litho print. Horse and cow heads in circle at left. Bull's head at bottom center. STOCK INSPECTOR AND DETECTIVE FUND WARRANT in black, with light pink imprint of ORIGINAL below. IMPRINT: None R-4 65.Warrant 188- printed. Litho print. Cattle in oval at left end. Bull's head at bottom center. STOCK INSPECTOR AND DETECTIVE FUND WARRANT in black, with pink-red imprint of ORIGINAL below. IMPRINT: None R-4 66.Warrant 188- printed. Litho print. Horse and cow heads in circle at left end. Bull's head at bottom center. STOCK INDEMNITY FUND WARRANT in black at upper center. Fancy pink overprint with ORIGINAL in red. IMPRINT: None R-5 67.Warrant 188- printed. Litho print. Ram's head in scroll circle. Sheep at bottom center. SHEEP INSPECTOR AND INDEMNITY FUND WARRANT at top center. ORIGINAL in pink-red overprint in center. IMPRINT: Lith Pioneer Press Co., St. Paul, Minn. R-7 MARYSVILLE MONTANA COMPANY (LIMITED) 1. Draft 189- printed. Litho print. THE MONTANA CO. (LIMITED) on left end, and at top center. MERCHANTS' NATIONAL BANK in center. IMPRINT: Corlies, Macy & Co., Stationers, 30 Nassau, St., .Y. R-2 NOTE: This is a mining company draft, drawn on a Helena bank. Draft has both bank and city name, as well as name of firm and its location. PAGE 70 Paper Money WHOLE NO. 46 NEW AGENCY CHARLES AUBREY-INDIAN AGENT 1. Check. Written date Nov. 2, 1875. Entire document handwritten. Drawn on J. H. McKnight, Post Trader. at Ft. Shaw R-7 NOTE: New Agency was also known as Piegan Agency and Piegan Post Office. Located in area estab- lished as the Gros Ventres, Piegans, Blackfeet and River Crow Indian Reservation. McKnight served this agency, as well as others. The Indian Agent had an agency account with McKnight in which he wrote handwritten checks. OLD AGENCY (AGENCY POST) H. A. RENNERLY-INDIAN AGENT 1. Check. Written date June 2, 1874. Entire document handwritten. Drawn on J. H. McKnight, Post Trader, at Ft. Shaw R-7 NOTE: Confusing information arises from Old Agency, Agency Post, Piegan Agency, and Ft. Ma- gannis. It is known that Old Agency was changed to Choteau in early 1885. Also, that New Agency was known as Piegan Agency. It appears that H. A. Rennerly was the Indian Agent at Ft. MaGinnis during 1875, and had been the Agent at Old Agency during 1874 and possibly earlier. Charles Aubrey is traced to both Old and New Agency, as evidenced by existing checks. Further study will unravel this confusing situation. OSWEGO DANIEL KNAPP-INDIAN TRADER 1. lc Scrip No date. Good for lc in merchandise. 1" x 3" in size. Reverse DANIEL KNAPP Indian Trader, Oswego, Montana. IMPRINT: None R-6 2. 2c Scrip No date. Same as above except denomination R-6 3. 5c Scrip No date. Same as above except denomination R-6 4. 10c Scrip No date. Same as above except denomination R-6 NOTE: Reverses appear with and without a "12" overprint. Also, each denomination appears on a different color paper. Oswego located near Ft. Peck Indian Reservation and founded in late 1880's. It was destroyed in a prairie fire in fall, 1971. PHILLIPSBURG GRANITE MOUNTAIN MINING CO. 1. Draft 188- printed. Engraved print. Woman standing with spear in hand beside bale of cotton. Fancy scroll corners. IMPRINT: None R-6 NOTE: Draft drawn on Hoge, Daly & Co., Anaconda, and is a counter type draft used by this firm in the 1880's. TERMINUS U & NRR (UTAH & NORTHERN R.R.) MONTANA FREIGHT LINE (MURPHY NEEL & CO.) 1. Draft 18— printed. Type print. Indian maiden holding bow & blanket looking out at left end. MONTANA FREIGHT LINE, Murphy Neel & Co. upper left center. Black print on white paper. IMPRINT: Salt Lake Tribune Print R-7 NOTE: The Terminus was a "moving" location. As the Utah & Northern R.R. was being built through Montana, the Terminus continued, similar to the Terminus-End of Track. There was a Post Office set up on this "moving town on tracks." Terminus 1 & NRR No. 1 TERMINUS-END OF THE TRACK (NORTHERN PACIFIC R. R. MONTANA FORWARDING CO. 1. Draft 188- printed. Litho print. Train rounding curve at upper left side. MONTANA FOR- WARDING CO. across top center. Black print on white paper. IMPRINT: Pioneer Press R-7 VIRGINIA CITY ALLEN & MILLARD, BANKERS 1. Check 186- printed. Type print. Dog's head at bottom center. Fancy scroll printing on left end. IMPRINT: R. F. Corlies & Macy, 33 Nasau St., N.Y. R-7 WHOLE NO. 46 PAGE 71Paper Money BANKING HOUSE OF E. H. GRUBER & CO. 2. Check 186- printed. Type print. Heavy border design. Heavy black print. IN TREASURY NOTES at lower left. IMPRINT: None R-7 NOTE : E. H. Gruber came to Montana from Denver. He had previously been in partnership in Clark, Gruber & Co. of Denver and Leavenworth, Kansas. He operated a private banking house in Virginia City from early 1865 until mid-1866, when he moved to Leavenworth, Kansas to open a bank at that location. HALL & BENNETT, BANKERS 3. Certificate of Deposit 1--- printed. Litho print. Justice with scale and sword, ship in background. Bank name at top center. Scott RN-X7. IMPRINT: Thayer & Jackson Stationery Co., Chicago R -6 BANKING HOUSE OF L. H. HERSHFIELD & CO. 4. Check 186- printed. Type print. Circle design at left end. IN TREASURY NOTES at lower left. Heavy black print. IMPRINT: None R-7 5. Draft 186- printed. Litho print. Prospector and dog at left end. Dog and safe at bottom center. AND CO. added to bank name in red ink at top right. HELENA marked out in red ink and VIRGINIA written in to left. Scott RN-B9. IMPRINT: Macoy & Herwig, Stationers, 112 & 114 Broadway, N.Y. R-3 6. Draft 186- printed. Litho print. Prospector and dog at left end. Dog and safe at bottom center. & CO. added to bank name in red ink at top right. VIRGINIA written in over HELENA. Scott RN-B9. IMPRINT: Macoy & Herwig, Stationers, 112 & 114 Broadway, N.Y. R-3 7. Draft 186- printed. Litho print. Prospector and dog at left end. Dog and safe at bottom center. & CO. added to bank name in red ink to left. VIRGINIA written to left of HELENA, Helena not marked out. Scott RN-B9. IMPRINT: Macoy & Herwig, Stationers, 112 & 114 Broadway, N.Y. R-5 8. Draft 186- printed. Litho print. Prospector and dog at left end. Bank name printed as L. H. Hershfield & Co. Scott RN-B1. IMPRINT: Macoy & Herwig, Stationers, 112 & 114 Broad- way, .Y. R-4 A..? 659 ----1114.1N4; Hot:- r St Virginia City No. 8 HOLLADAY OVERLAND MAIL & EXPRESS CO. 9. Draft 186- printed. Litho print. Stagecoach vignette at right. Two hunters at left. IMPRINT: Slote & Jones, 93 Fulton St., N.Y R-6 10.Check 186- printed. Type print. Firm name at left end and in center. Payable in oz., dwt., and grs. of gold dust. Printed in red ink. IMPRINT: Slote & Jones, Stationers, 93 Fulton St., N.Y. R-6 11.Deposit draft 186- printed. Type print. SPECIAL DEPOSIT at left end. Printed in blue ink. IMPRINT: Slote & Jones, Stationers and Printers, 93 Fulton St., N.Y. R-2 NOTE: The Virginia City office of the Holladay Overland Mail & Express Co. lines also served as a branch office of Holladay & Halsey, Bankers, Salt Lake City. All three above items are found in unused condition; no signed specimens are known. HUSSEY, DAHLER & CO., BANKERS 12.Check 186- printed. Type print. Dog's head at bottom center. Fancy scroll print at left end. HUSSEY, DAHLER & CO. overprinted in red ink, as successors to Allen & Millard. IM- PRINT: R. F. Corlies & Macy, Stationers, 33 Nassau St., N.Y. R-6 NOTE: This check was used by Hussey, Dahler & Co. apparently after their own stock of printed checks ran out, and then overprinted the remaining Allen & Millard checks to their own use. First group printed were with Virginia City, Idaho, as Allen & Millard opened business while Jir 1 /,;71/2 mi/;47, 4yd/wit .-0 //07 l filer ft-x4 /1/ fel 0 Virginia City No. 12 1 666Virginia City, I IL. T, SS,V, DAHLER & CO., BA N KJ ILS,} ,--4 i); --.-- 6i--i-2--7-ed Virginia City No. 13 ,.t F AR FR, )0I 1,l's PAGE 72 Paper Money WHOLE NO. 46 1irgintardy..11oterm, :///4A,/(7((11,7 3518iiiiahlSt.XY jp(4,10iy. y a,,,,,/,,„d,v,„/,,,,,/hp,r,„yf;„,,,,,,,y „f Iluiladay Overland Mail :xprtvis t Virginia. City No. 9 Virginia City was still in Idaho. They later had a printing showing Virginia City, Montana. Only those checks with Virginia City, Idaho have been found overprinted by Hussey, Dahler & Co. 13.Check 186- printed. Type print. Chain border design at left end. In TREASURY NOTES printed at bottom left. Black print. IMPRINT: R. F. Corlies & Macy, Stationers, 33 Nas- au St., N.Y. R-7 TERRITORY OF MONTANA 14.Warrant 186- printed. Type print. Large format size approximately 8" x 10". TERRITORY OF MONTANA across top center. No other description available. IMPRINT: Unknown .„_R-7 15. 50.00 Bond Warrant. No description. 16.100.00 Bond Warrant. No description. 17.Warrant 187- printed. No other description available. IMPRINT: Unknown R-7 TREASURER OF MADISON COUNTY 18.Draft Written dates. Litho print. Stag's head at left end. Draft drawn on Hall & Bennett, Bankers. OFFICE OF THE TREASURER OF MADISON COUNTY top center. IM- PRINT: Thayer & Jackson Stationery Co., Chicago R-6 VIRGINIA CITY FLOUR COMMITTEE 19. Flour note. Printed date April 18, 1864. Type print. NOTICE TO DEALERS: Flour committee promises to pay bearer $27 Salt Lake, $30 States price, for flour confiscated on April 18, 1864. Signed Flour Committee. Printed on pink paper. IMPRINT: Montana Post Print R-7 2.1 t rofisit3 r;('' /,,,t; SAN PHAN COCO,' // WHOLE NO. 46 Paper Money PAGE 73 1:7 to r f /I/ ' / 11 fimttavai — 147 HERSHFIELD & BANKtikt— */i 47. )!/, a Ames _ Montana Misc.—S. F. Molitor & Co. NOTE: This note has never been seen by the author, only descriptions gathered. During the Flour Famine of 1864-65, prices of flour went to over $100 per sack. The Flour Committee was formed to prevent further hoarding of flour and to provide the people with the available flour in the town. These notes were printed to pay parties whose flour was confiscated, and at prices existing before the famine. A total of 82 sacks were collected. WALKERVILLE ALICE GOLD & SILVER MINING COMPANY 1. Draft 189- printed. Litho print. Mining equipment at bottom center. Drawn on W. A. Clark & Brother, Butte City, Montana. Scott RN-X7. IMPRINT: Utah Litho Co., S.L.C. R-2 WHITE SULPHUR SPRINGS FIRST NATIONAL BANK OF WHITE SULPHUR SPRINGS 1. Draft 1--- printed. Litho print. Fancy scrip print. Black print on white paper. Scott RN-X7. IMPRINT: Geo. D. Barnard & Co., St. Louis, Mo. R-2 MISCELLANEOUS There were a number of individuals and firms in the Helena area who acted in the capacity of a private banker but never set up any formal banking procedures. J. C. Ricker, who owned and operated the I. X. L. Mines and A. M. Holter, who was a Montana pioneer businessman and saw-mill operator, entered such practices. S. F. Molitor & Co., who operated an assay office in Helena, were in the semi-banking business. Other assay firms went into full scale banking operations, such as Bohm & Aub. Documents have been found showing where miners and prospectors took gold dust to Molitor for holding, and later drew on their gold dust by using checks printed for established banks. Molitor's name was written in over that of the bank's name. A number of handwritten checks have been seen on J. C. Ricker, A. M. Holter and others, asking them to pay the bearer and/or a specific individual funds held by them for the requestor. These hand- written checks are written from such places as Grizzly Gulch, Unionville, Jefferson City, Confederate Gulch and others. These are not listed but are mentioned as they relate to the financial and banking background of Montana, and gives proof to this type of "Gulch Banking." HGW WANTED OBSOLETE PAPER MONEY (Bank Notes. Script, Warrants. Drafts) of the AMERICAN WEST Oregon, California, Idaho, Nevada, Arizona, Utah, Mon- tana, New Mexico, Colorado; Dakota, Deseret, Indian, Jefferson Territories! Cash paid, or fine Obsolete Paper traded. Have Proof notes from most states, individual rarities, seldom seen denominationals, Kirtlands, topical=_; Colonial, Continental; CSA, Southern States notes and bonds. Also have duplicate Western rarities for advantageous trade. JOHN J. FORD, JR. P. O. BOX 33, ROCKVILLE CENTRE, N. Y. 11571 PAGE 74 WHOLE NO. 46Paper Money The Late Printing of Series 1963A One Dollar Federal Reserve Notes By Roland S. Carrothers -(•><>,=X>0.(><=>(>0(>0(TX)0(7.0<>0.(>0(>0(>0.(K::=•<)G:=•<>00<=s<>CXKLX <=>(>,,:>(,0<>0.O<>000()<=>OS1 g,1 Memoriam [Roland S. Ca rrotkers This is the last article submitted by Mr. Carrothers before his untimely death on March 28, 1973. Needless to say, this Society and this journal will be much poorer in the future for the loss of his distinguished research. Other articles by Mr. Carrothers as published in PAPER MONEY are: —A Minor Variety in Silver Certificates: The Shifted Face Plate Numbers; Vol. 8, No. 3 and Vol. 10, No. 3 —A Minor Variety: The Change-over Pair; Vol. 8, No. 4 —Silver Certificates: The Mule and the Common Back Plate Number; Vol. 9, No. 1 —Sequential and Dovetail Blocks; Vol. 9, No. 3 The Society's Literary Award for the best article published in Volume 8 was given to Mr. Carrothers for the change-over pair study. The following study is in the same tradition and is truly monumental in all respects. It typifies the careful, thorough work put into every Carrothers' manuscript. BRM ii..>o<=x>cocx )o.4>csocx>o<><::><><>oocx>cx :><::>< ><=x xz>ocx)c..(>o< >:=>< >cs< ><:><>o<><:::x>cx x=x)<=><>c<>o