Paper Money - Vol. XL, No. 1 - Whole No. 211 - January - February 2001

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AEY Official Journal of the Society of Paper Money Collectors VOL. XL, No. 1 WHOLE No. 211 JANUARY/FEBRUARY 2001 WWW.SPMC.ORG SOCIETY OF PAPER MONEY COLLECTORS INC. rH ANNIVERSARY YEAR 1961-2001 What's The Best Way To Sell Your Paper Money Collection? ,1;;/1, , ; THE STATE OF FLefk,f0A thotaza The best way to sell your collection is to consign it to someone you trust. Your currency collection probably took years to acquire. Each purchase was thoughtfully considered, each note carefully stored, and handled with respect. The sale of your collec- tion should be accomplished in the same manner. Carefully, and thoughtfully. At Smythe, we care about our consignors, our bidders, and our staff members. We don't misgrade your lots, or sell them long after midnight, or during convention hours. We strongly support the show organizers and local clubs that work hard to make paper money shows successful, and we are proud that we have consistently been selected as one of the Official Auctioneers of the Memphis International Paper Money Show. We illustrate every major note, using boxes or color where appropriate. Each note is carefully graded and researched by our nationally-recognized, full-time paper money experts. Our rates are flexible and highly competitive. There are no lot charges, photo charges or minimum charges on Federal Currency. If you are thinking of selling, take advantage of the strongest currency market we have seen in years, and take this opportunity to showcase your better single items, or your entire collection, in the next R. M. Smythe auction. See Us At Close To 40 Shows This Year! We will be planning to attend almost every major numismatic show, represented by Stephen Goldsmith, Douglas Ball, Kevin Foley, or Martin Gengerke. If necessary, we will travel to see your collection. Call 800-622-1880 for further information. Stephen uolasmen .4iraimpsoti MEMBER 26 Broadway, Suite 271, New York, NY 10004 • www.rm-smythe.com 2001 Auction Schedule • January 18-21, 2001 • February, 2001 • March 1-2, 2001 • May, 2001 • June, 2001 14th Annual Strasburg Stock & Bond Show & Auction, Strasburg, PA. Stock & Bond Mail Bid Only Auction, New York, NY Chicago Paper Money Expo & Auction, Chicago, IL Autographs & Coins Auction New York, NY. Memphis International Paper Money Show & Auction, Memphis, TN To Consign, please call Stephen Goldsmith at 800-622-1880. To Subscribe: Only subscribers can be fully assured of receiving our fully-illustrated thoroughly-researched catalogues. Do you need to check on the status of your subscription? Call Marie Alberti at 800-622-1880 or 212-943-1880. A one year subscription to all RMS catalogues is $87.50 ($125 overseas). Other subscription plans are available. Call today for further information. TERMS AND CONDITIONS PAPER MONEY is published every other month beginning in January by the Society of Paper Money Collectors (SPMC). Second-class postage is paid at Dover, DE 19901. Postmaster send address changes to Secretary Fred L. Reed III, P.O. Box 793941, Dallas, TX 75379-3941. CD Society of Paper Money Collectors, Inc., 2001. All rights reserved. Reproduction of any article, in whole or in part, without express written permis- sion, is prohibited. Individual copies of this issue of PAPER MONEY are available from the Secretary for $15 postpaid. Send changes of address, inquiries concerning non-delivery, and requests for additional copies of this issue to the Secretary. MANUSCRIPTS Manuscripts not under consideration elsewhere and publications for review should be sent to the Editor. Accepted manuscripts will be published as soon as possible; however, publication in a specif- ic issue cannot be guaranteed. Include an SASE for acknowledgment, if desired. Opinions expressed by authors do not necessarily reflect those of the SPMC. Manuscripts should be typed (one side of paper only), double-spaced with at least 1-inch margins. The author's name, address and telephone number should appear on the first page. Authors should retain a copy for their records. Authors are encour- aged to submit a copy on a 3 1/2-inch MAC disk, identified with the name and version of software used. A double-spaced printout must accompany the disk. Authors may also transmit articles via e- mail to the Editor at the SPMC web site (fred@spmc.org). Original illustrations are pre- ferred. Scans should be grayscale at 300 dpi. Jpegs are preferred. Inquire about other formats. ADVERTISING • All advertising copy and correspondence should be sent to the Editor • All advertising is payable in advance To keep rates at a minimum, all advertising must be prepaid according to the schedule below. In exceptional cases where special artwork or addi- tional production is required, the advertiser will be notified and billed accordingly. Rates are not com- missionable; proofs are not supplied. Advertising Deadline: Copy must be received by the Editor no later than the first day of the month preceding the cover date of the issue (for example, Feb. 1 for the March/April issue). With advance approval, camera-ready copy, or electronic ads in Quark Express on a MAC zip disk with fonts sup- plied, may be accepted up to 10 days later. ADVERTISING RATES Space 1 time 3 times 6 times Outside back cover $375 S990 $1800 Inside cover 315 825 1500 Full page 250 660 1200 Halt page 125 330 600 Quarter page 65 165 300 Eighth page 35 85 150 Requirements: Full page, 42 x 57 picas; half-page may be either vertical or horizontal in format. Single-column width, 20 picas. Except covers, page position may be requested, but not guaran- teed. All screens should be 150 line or 300 dpi. Advertising copy shall be restricted to paper cur- rency, allied numismatic material, publications, and related accessories. The SPMC does not guar- antee advertisements, but accepts copy in good faith, reserving the right to reject objectionable material or edit copy. SPMC assumes no financial responsibility for typo- graphical errors in ads, but agrees to reprint that portion of an ad in which a typographical error occurs upon prompt notification. • PAPER MONEY • January/February 2001 • Whole No. 211 1 Paper Money Official Bimonthly Publication of The Society of Paper Money Collectors, Inc. Vol. XL, No. 1 Whole No. 211 JANUARY/FEBRUARY 2001 ISSN 0031-1162 FRED L. REED III, Editor, P.O. Box 793941, Dallas, TX 75379 Visit the SPMC web site: www.spmc.org IN THIS ISSUE Information & Officers 2 President's Column: Welcome to SPMC's 40th Year 1961-2001 3 By Frank Clark SPMC Thanks Our Sponsors and Patrons 4 Editor's Notebook 4 Society of Paper Money Collectors Celebrates 40 Years of Collecting/Camaraderie 5 By Bob Cochran That's The Way It Was 8 By Hank Bieciuk How the First Five SPMC Member Es Were Assigned 8 By George W. Wait SPMC & TAMS Share STM & OPMC Heritage, Medal 10 By Dr. George Fuld Many Early SPMC Members Still Active in Hobby and Society 11 Membership Milestones 15 How the SPMC Logo Came to Be 18 By Forrest Daniel and Brent Hughes ABNCo Provides SPMC Members With Unique ID Cards 30 By Fred L. Reed III Our Membership: Who Were We? Who Are We Now? 34 By Fred L. Reed III Top Recruiters One Key to Society Growth 35 Society Magazine Paper Money Thrives for Four Decades 38 By Fred L. Reed III A Society Tradition, Tom Bain Raffle Raises Funds and Fun 42 By Wendell WoIka SPMC Publishing Efforts Span 34 Years, 20 Books 50 By Bob Cochran and Fred I.. Reed III Just Who Was D.C. Wismer Anyway? 50 By Ted Hammer 1985: SPMC Sponsors Cherry Hill Show 58 By Bill Horton Paper Money Salutes Longtime Advertisers 72 SPMC Salutes Longtime Members 82 A New Word For Our Fraternity 86 By Gene Hessler Let's See What Hessler Says 86 By David Ray Arnold Directories Controversial 87 SPMC Officers, 1961-2001 88 Compiled By Bob Cochran Earlier Days of Collecting: Personalities and Occurrences 89 By Neil Shafer Tucked Away Brown Back Is One of Life's Prizes 89 By Robert R. Andrews Some Society Officers Chalked Up Lengthy Service 91 Sends His Regards 92 By Jeffrey L. Goodall SPMC Award Winners and Honorees, 1961-2001 94 Compiled By Bob Cochran, Gene Hessler, George Tremmel & Fred L. Reed III Society Honors Authors, Exhibitors, Recruiters and Workers 98 By Fred L. Reed 2 January/February 2001 • Whole No. 211 • PAPER MONEY Society of Paper Money Collectors The Society of Paper Money Collectors (SPMC) was orga- nized in 1961 and incorporated in 1964 as a non-profit organization under the laws of the District of Columbia. It is affiliated with the American Numismatic Association. The annual SPMC meeting is held in June at the Memphis IPMS (International Paper Money Show). Up-to-date infor- mation about the SPMC and its activities can be found on its Internet web site www.spmc.org . MEMBERSHIP—REGULAR and LIFE. Applicants must be at least 18 years of age and of good moral character. Members of the ANA or other recognized numismatic soci- eties are eligible for membership; other applicants should be sponsored by an SPMC member or provide suitable ref- erences. MEMBERSHIP—JUNIOR. Applicants for Junior membership must be from 12 to 18 years of age and of good moral character. Their application must be signed by a parent or guardian. Junior membership numbers will be preceded by the letter "J" which will be removed upon notification to the Secretary that the member has reached 18 years of age. Junior members are not eligible to hold office or vote. DUES—Annual dues are $24. Members in Canada and Mexico should add $5 to cover postage; members through- out the rest of the world add $10. Life membership— payable in installments within one year is $500, $600 for Canada and Mexico, and $700 elsewhere. Members who join the Society prior to October 1 receive the magazines already issued in the year in which they join. Members who join after October 1 will have their dues paid through December of the following year; they also receive, as a bonus, a copy of the magazine issued in November of the year in which they joined. Dues renewals appear in the Sept/Oct Paper Money. Checks should be sent to the Society Secretary. OFFICERS ELECTED OFFICERS: PRESIDENT Frank Clark, P.O. Box 117060, Carrollton, TX 75011-7060 VICE-PRESIDENT Wendell A. Wolka, P.O. Box 569, Dublin, OH 43017 SECRETARY Fred L. Reed III, P.O. Box 793941, Dallas, TX 75379-3941 TREASURER Mark Anderson, 335 Court St., Suite 149, Brooklyn, NY 11231 BOARD OF GOVERNORS: Benny J. Bolin, 5510 Bolin Rd., Allen, TX 75002 C. John Ferreri, P.O. Box 33, Storrs, CT 06268 Gene Hessler, P.O. Box 31144, Cincinnati, OH 45231 Ronald L. Horstman, 5010 Timber Ln., Gerald, MO 63037 Arri "AJ" Jacob, P.O. Box 361, Los Alamitos, CA 90720-0361 Judith Murphy, P.O. Box 24056, Winston-Salem, NC 27114 Robert Schreiner, P.O. Box 2331, Chapel Hill, NC 27515- 2331 Steven K. Whittield, 14092 W 115th St., Olathe, KS 66062 APPOINTEES: EDITOR Fred L. Reed III, P.O. Box 793941, Dallas, TX 75379-3941 CONTRIBUTING EDITOR Gene Hessler, P.O. Box 31144, Cincinnati, OH 45231 ADVERTISING MANAGER Robert Schreiner, P.O. Box 2331, Chapel Hill, NC 27515-2331 LEGAL COUNSEL Robert J. Galiette, 3 Teal Ln., Essex, CT 06426 LIBRARIAN Richard J. Balbaton, P.O. Box 911, North Attleboro, MA 02761 MEMBERSHIP DIRECTOR Frank Clark, P.O. Box 117060, Carrollton, TX 75011-7060 PAST PRESIDENT Bob Cochran, P.O. Box 1085, Florissant, MO 63031 1929 NATIONALS PROJECT COORDINATOR David B. Hollander, 406 Vicluta PI, Huntsville, AL 35801-1059 WISMER BOOK PROJECT COORDINATOR Steven K. Whitfield, 14092 W. 115th St., Olathe, KS 66062 BUYING AND SELLING CSA and Obsolete Notes CSA Bonds, Stocks & Financial Items 60-Page Catalog for $5.00 Refundable with Order ANA-LM SCNA PCDA CHARTER MBR HUGH SHULL P.O. Box 761, Camden, SC 29020 (803) 432-8500 FAX (803) 432-9958 SPMC LM 6 BRNA FUN Welcome to SPMC's 40th Year 1961-2001 You have certainly noticed this is a very special issue of Paper Money com- memorating our 40th anniversary. Your Editor, Fred Reed, had the initial idea and I thought it made very good sense to look back on our first 40 years before we go much further into the future. This is a great time to review our organi- zation, and recog- nize as many peo- ple as possible who have con tributed to making SPMC so great over the years. Also, the listing of SPMC memorabilia, while no doubt incomplete, was needed to keep track of our identity as a numismatic organization. I consider myself very fortunate to be your President as we achieve this milestone. NOTICE Only paid-up members received this issue. Additional copies may be purchased for $15 P/P while they last. A limited edition of case bound, sewn hard cover copies with gold foil stamped covers may be ordered until Feb. 15 at $50 incl. P/I. Make checks payable to SPMC and mail them to the Editor. I want to thank all of the contribu- tors and advertisers. Your help made this issue possible. Special thanks go to Bob Cochran for delving through every issue of Paper Money to compose a detailed his- tory of SPMC, and to Fred Reed for compiling statistical data and pulling everything together. What monumental tasks both of them pulled off? Most of all, I want to thank our membership for renewing their dues year by year. Without you, there would be no SPMC. Now, get ready to enjoy this very special issue and relive the memo- ries. I just wish that those members who have passed on to bourse eternal could share this moment with us. Frank Clark, President PAPER MONEY • January/February 2001 • Whole No. 211 ALSO IN THIS ISSUE Society Awards Have Taken a Number of Forms Over the Years 102 By David D. Gladfelter SPMC Officers, Project Chairmen, Award Winners, 1961-2001 103 Compiled By Bob Cochran, Gene Hessler & Fred L. Reed III SPMC Service Has Its Grins 106 By C. John Ferreri Thanks to All the Members 106 By Donald L. Benson A Trial Listing: Catalog of SPMC Memorabilia 107 Compiled By Fred L. Reed III Money Mart 109 SPMC Privately Issued Souvenir Card by Mike Bean, facing 130 Three-Year SPMC Statement of Operations 132 Compiled by Mark Anderson, SPMC Treasurer Remembering Early Paper Money Collectors I Knew 134 By Robert H. Lloyd The Olden Days of Paper Money Collecting 134 By Steve Whitfield Let's Take the Time to Record Some of These Happenings 135 By Roman L. Latimer Remembering the International Branch of the SPMC Tree 136 By Peter Robin Congratulations SPMC 136 By James N. Treadaway Happy Anniversary SPMC 136 By David M. Sundman Remembering 'Mr. In God We Trust': Matt Rothert 138 By Fred L. Reed III How I Was Inspired to Seek to Put the Motto IGWT on Our Currency 140 By Matt Rothert Sr. SPMC Helped Him Start Out, and Other Remembrancess 142 By Harry Jones, Bruno Rzepka, John A. Parker & Robert C. Wagner The Big Spender 143 By Peter Huntoon Longs to Make It to Memphis 144 By Ralph Osborn =13 Was Lucky for Harry 144 By Harry J. Forman Dealers With Whom I Have Dealt 146 By Dewitt G. Prather Longtime SPMC Members Share Their Recollections 147 By Joe Lasser, Howard Schein, Robert Hendershott, Milton Friedberg, & Warren Henderson Some Reflections on SPMC and Paper Money Collecting 148 By Larry Adams The Early Days of SPMC 150 By Forrest W. Daniel University Stint Led to Lifelong Affection for Things U.S. 150 By Harold Don Allen Reminiscences Are Sweet for Many SPMC Vets 151 By Gary Hacker, Gene Hessler, John Glynn, Leon Bookman, & Q. David Bowers History in Your Hand 152 By John T. Hickman John Hickman Knew 'Itch Would Return' 152 By Toni Snyder SPMC Supplied Me Info 152 By Lloyd Deierling Did You Hear the One About the Traveling Salesman from Iowa? 153 By Ron Horstman $120 to Baldy, $140 to Bushy, $120 to Baldy 153 By Tom Denly SPMC Memories: Reminiscences of Some Ragpickers 154 By Wayne Homren, Frank Clark and Dennis Forgue BEP Visit Led to Lifelong Paper Money Affair 155 By Nathan Goldstein II Thanks for All the Memories & the Education 156 By Fred L Reed III Magazine Brings Back Memories to Former Editor 158 By Barbara Mueller Bill Donlon Was Memorable 158 By Charles Kemp Advertiser Index 159 3 4 January/February 2001 • Whole No. 211 • PAPER MONEY SPMC Thanks Our Sponsors & Patrons who helped us publish this 40th anniversary commemorative issue of Paper Money: • Michael Bean • Spider Press Printing • • Krause Publications • BNR Press • • Alan Dorris & C. Vernon Valiance • • European American Bank • Harlan J. Berk • • Wendell Wolka • Lyn Knight • Dover Litho • • J. Roy Pennell • Kagin's • Cliff Mishler • • International Bank Note Society • • Tom Denly • Len Glazer • Bruce Hagen • • Currency Auctions of America • • Fractional Currency Collectors Board • • R.M. Smythe • Stanley Morycz • • Allen Mincho • Dennis Forgue • • Memphis Coin Club • Chet Krause • • Remy Bourne • Hugh Shull • Fred Reed • • Lowell Horwedel • Crutch Williams • • Franklin Freeman • Mark Anderson • • Carl Warner • John Parker • Arri Jacob • • Scott Lindquist • Harold Don Allen • • Frank Clark • Judith & Claud Murphy • • Numismatic Bibliomania Society • • Currency Club of New England • • International Bond & Share Society • • American Society of Check Collectors • • Mansfield Numismatic Society • • Currency Club of Chester County • • David D. Gladfelter • Mauro Magnani • • Ralph Osborn • Coin World • Pam West • • Austin Sheheen • Peter Huntoon • • Harry Jones • Steve Whitfield • • Charles Parrish • Dallas Coin Club • • N.B. Buckman • Peter Robin • • C. John Ferreri • Forrest Daniel • • Tim Kyzivat • Joe Gilio • Lee Quast • • William Graham • DeWitt Prather • • Currency Club of Long Island • • Paper Money Collectors of Michigan • • Eastern States Numismatic Association • If this issue of Paper Money seems "full," that's because it is. We're crammed to the gills with historical and commem- orative insights into SPMC's four decades serving the paper money collector. Although at 164 pages this is the largest issue of our journal ever -- more than twice the size of the largest previous issue, a double issue at that -- it could have been larger still. The first time I laid it out, it was a whop- ping 220 pages! I used every trick I knew to shoehorn that content into the issue. If it seems cramped, you know I tried my best not to "lose" anything in the transition. Working on this issue made me repeatedly humble, rec- ognizing the herculean efforts of so many of our outstanding volunteer officers and members over the years. So many individuals have contributed to SPMC's success, that any compilation is bound to have overlooked deserving individu- als. In our defense, we honestly opened up the pages of this issue to the entire membership months ago. I personally owe a great debt to Past President and Secretary Bob Cochran for providing the lead story. Bob's yeoman effort brings to life SPMC's many ups and fortunate- ly few downs over the years. Additionally, Bob compiled the basic lists of officers and award winners in this issue, helping PM to recognize the efforts and contributions of many of you. Bob wasn't alone, of course; dozens of others stepped up to help your Editor in this task. I would thank especially Frank Clark, Wendell Wolka, Steve Whitfield, Ron Horstman, Gene Hessler, C. John Ferreri, Brent Hughes, and Forrest Daniel, who repeatedly dug deeper to help ferret out important but regrettably obscure details from our past. A special tip of the hat is gratefully extended to Mike Bean and Spider Press Printing, good friends to the Society for many years, who donated the souvenir card you found tucked into this issue. Additional plaudits are due to Beth Deisher at Coin World, Ed Rochette at ANA, and Dave Kranz at Bank Note Reporter for loaning photos. I would also thank the readers who answered my call to share their reminis- cences, their photos, and their memorabilia in this issue. Your unique perspectives on our Society's history add much to the story we have to tell. The Society also owes gratitude to the generosity of dozens of special friends and collector groups who purchased commemorative ads to help finance this large issue. You are listed at left. Thank you one and all. For the most part, you are SPMC members too, and your dollars allowed our 50 authors space to bring out important aspects of SPMC's his- tory. We also recognize the outstanding job our printer does (and has done now for 18 years!). Dover Litho's owner Mike Frebert and staff greatly contribute to our enjoyment of our hobby each time they crank up the presses for Paper Money. The Society's Board has other exciting plans percolating for the remainder of its 40th anniversary year. So stay tuned for details, but in the meantime feast on this issue. It should occupy you for a while. CONSTITUTION AND BY-LAWS OF THE SOCIETY OF PAPER MONEY COLLECTORS ARTICLE I NAME, PURPOSE & SOCIETY YEAR SECTION 1. THE NAME OF THIS ORGANIZATION IS "SOCIETY OF PAPER MONEY COLLECTORS " , BEING INCORPORATED UNDER THE LAWS OF THE DISTRICT OF COLUMBIA. SECTION 2. THE PURPOSE OF THE SOCIETY SHALL BE: A. To PROMOTE, EDUCATE AND ENCOURAGE THE STUDY AND COLLECTION OF PAPER MONEY. B. To CULTIVATE FRATERNAL COLLECTOR RELATIONS. C. To ENCOURAGE RESEARCH AND PUBLISH BOOKS AND ARTICLES PERTAINING TO THE STUDY OF PAPER MONEY. D. To DISPERSE INFORMATION AND KNOWLEDGE IN A SOCIETY BULLETIN. E. To ADVANCE INTEREST AND PRESTIGE AND PROMOTE MEETINGS AND EXHIBITS AT CONVENTIONS. F. To ENCOURAGE MORE REALISTIC AND CONSISTENT MARKET VALUATIONS. SECTION 3. THE FISCAL YEAR OF THE SOCIETY SHALL BE FROM JANUARY 1ST TO DECEMBER 31ST. A carbon copy of the original Constitution and By-Laws of SPMC. PAPER MONEY • January/February 2001 • Whole No. 211 5 1961-2001 Society of Paper Money Collectors CELEBRATES 40 YEARS OF COLLECTING/CAMARADERIE BY BOB COCHRAN, #5579, LM69 Introduction SPMC exists because a group of dedicated people worked long and hard to make it happen. There is NO way I can do jus- tice to every person who rightfully deserves mention in the space allotted. For me personally, this was a wonderful trip through great memories of nice people. If I've omit- ted a significant event or failed to mention someone who contributed to YOUR memo- ries, the blank pages of future issues of Paper Money are waiting for you to fill them. The first issue of Paper Money, the "Official Publication of Society of Paper Money Collectors," is dated Winter, 1962. On the first page is The President's Message; in part, it reads: "Long an elusive dream, the Society of Paper Money Collectors is now a reality. Conceived at the 1961 American Numismatic Association Convention last August, the Society has grown to the present membership of 343. The 'Poor Relation' of numismatics has finally begun to 'walk.'" These were the words of Hank Bieciuk, first President of SPMC, and also the first Editor of Paper Money. This first issue was- n't much, only 16 pages - a tentative Constitution and By-Laws, three short arti- cles, and no advertisements; most of the issue was a listing of the Charter Members. But it was a start! In order to do justice to the founding (and founders) of SPMC, we must look back a few years before the 1961 ANA con- vention in Atlanta, Georgia - our "Official" birthday! Early Collectors Even into the early 1950s, the number of serious collectors of paper money (that we know of now) was quite small. The pio- neers are familiar names to most of us: George Blake, Frank Limpert, D.C. Wismer, Col. E.H.R. Green, William A. Philpott, Jr., William P. Donlon, and of course, Albert A. Grinnell. Another collector and pioneer researcher who is often overlooked is Robert H. Lloyd, who contributed valuable information about small size currency for successive generations of collectors. Donlon recounted the sales of the Grinnell Collection by Barney Bluestone during the period 1944-1946. Among the col- lectors and dealers attending in addition to Donlon were Fred C. Boyd, Herman Crofoot, Dr. Chandler, Robert N. Batt, Richard Saffin, Harley Freeman, G.A. Siegwart, William C.L. Hoffman, James Wade, Fred R. Marckhoff, and Jesse M. Taylor. Imagine, the greatest collection of U.S. currency ever assembled auctioned off to fewer than a dozen bidders! Reference material was available, but incomplete. George Note: When your Editor was planning this issue, and seeking an author to provide a Society history, one individual sprang readily to mind. The likely candidate was not only an author of more than 100 previous articles in these pages, but had been an active officer for many years. Looking back on the four exciting decades of our Society's his- tory is Past President and longtime former Secretary Bob Cochran, who enthusiastically accepted the Editor's chal- lenge. Drawing upon his many years of active membership, as well as conversations with oldtimc members, contem- poraneous articles, and accounts in our journal, Paper Money itself, Bob spins an exciting chronicle of our past which hopefully augurs an equally exciting future for our Society. -- Editor =AM .... 0 I!• a l.. a ' -. ..•...An •• ow lb* ' -,- - Iowe • 3,111 , 11 g 1 0 11* a. ...-ell St, ..... 00 in, - ar'" 4 .16 i 44 -f*-7.,. •.,...- 44 - , 7 • . \ 6 January/February 2001 • Whole No. 211 • PAPER MONEY Clockwise from near right: W.A. Philpott, J. Roy Pennell , Art Kagin and with an employee in 1938, and Albert A. Grinnell were pioneers in our hobby in the early days. Below: Vernon L. Brown with youthful collectors at the Chase Manhattan Bank collection in the 1950s. Blake wrote U.S. Paper Money in 1908. This was updated and augmented by Frank Limpert in 1948 with U.S. Paper Money Old Series, 1861- 1923. Wayte Raymond published the first edi- tion of The Standard Paper Money Catalogue in 1940. Robert Friedberg published the first edi- tion of his Paper Money of the United States in 1953, building upon the earlier works previously mentioned. David C. Wismer's classic series of articles about obsolete bank notes was serialized in The Numismatist over a period of many years in the 1920s and 1930s. Another scholar/ researcher, Dr. John A. Muscalus, published his findings regarding obsolete notes and scrip in a series of pamphlets and booklets. STM & OPMC The First "Paper" Group - (sort of) As early as 1952, the idea of developing a club for token and medal collectors was a topic of conversation among James Curto, Max M. Schwartz, Maurice Gould, Dr. George Fuld and Melvin Fuld. In October of 1960, some mem- bers of the Middle Atlantic Numismatic Association met informal- ly during that organization's annual show and discussed the possi- bility of forming such a club. The idea "caught fire." A meeting was scheduled for the Michigan State Numismatic Convention in Detroit, to organize the new group. The meeting took place on November 19, 1960. In attendance at the meeting were James Curto, Lucy Kelly, Q. David Bowers, Clifford Mishler, Harry Lessin, Joseph Lucas, Earl Rankhauser, Charles N. Ricard, George D. Hatie, Thomas W. Fruit, Walter Minkle, Jr., Ruth Hammel and Henry Spangenberger. Mr. Curto presented a tentative outline of the purposes of the proposed organization, which would welcome collectors of "Tokens, Medals and Paper Money." The first slate of officers contained some very familiar names, many of whom became char- ter members of SPMC: President, Dr. George Fuld; Vice President, James J. Curto; Second Vice President, Max M. Schwartz; Secretary/Treasurer, Mrs. Lucy A. Kelly; Curator- Historian, Clifford Mishler. The Board of Governors included John Ford, Paul M. Fouts, Harley L. Freeman, Melvin Fuld, Paul Hamm, and Art Kagin. Editor was Dr. George Fuld. Assistant Editors were Nathan Eglit, Fred R. Marckhoff, Ralph Mitchell, Eric P. Newman, Russell Rulau, and E. Ward Russell. Legal Counsels were Ellis Edlowitz and Harry Lessin. It was decided to incorporate as a non-profit organization under the laws of the District of Columbia. Edlowitz and Lessin were asked to draft a proposed set of by-laws, and to prepare the paper necessary to pursue incorporation. A recommendation to become a corporate mem- ber of the ANA was accepted from the floor. An initi- ation fee of $1 and annual dues of $2 were established. A quarterly bulletin devoted to the objectives of col- lectors of tokens, medals and obsolete currency of colonial and modern America was proposed and passed. The new Editor, George Fuld, asked for arti- cles and manuscripts. An "annual meeting" of the new organization was scheduled to take place during the 1961 ANA show, August 16-19, in Atlanta. At that time, it was hoped that a bronze commemorative medal would be avail- able to all the club's members. A silver version of the medal would be available to each member by sub- scription only, at a cost of $3. The founding committee voted to contact the ANA Board of Governors about establishing two annual awards. These awards would be presented by the organization at the ANA convention to honor the best exhibits in the Token and Obsolete Paper Currency categories. (This was done, and the ANA PAPER MONEY • January/February 2001 • Whole No. 211 7 Early on SPMC attracted visionary and dedicated paper money enthusiasts including clockwise from above: Cliff Mishler and Glenn Smedley, George Wait, Brent Hughes and Harry Forman, Chet Krause and Charles Affleck; and (below) Hank Bieciuk, first SPMC President/Editor. established the D.C. Wismer Award for Best Exhibit of Obsolete Paper Currency.) The official name of the new organization was The Society of Token, Medal and Obsolete Paper Money Collectors. A Short Existence The first issue of the Quarterly Bulletin of STM & OPMC was dated April 1961, and mailed to approximately 300 Charter Members. It contained about six pages of news (including most of the details above), a two- page reprint of a bibliogra- phy of references about tokens and medals, and an eight-page installment by Ralph A. Mitchell and Russell Rulau entitled "Embossed or Shell Store Cards." The second issue of the quarterly bulletin is dated July, 1961. The Editor reported that the Society had approximately 425 paid-up members. The proposed commemo- rative medal was illustrated and described. The issue contained the second installment of the article about embossed shell cards, the first installment of an article about Vermont Colonial Currency submitted by Ted N. Weissbuch, and other articles about Hard Times, Alaska and Michigan tokens. This would be the last issue of the Quarterly Bulletin of the Society of Token, Medal and Obsolete Paper Money Collectors. SPMC Created! Even before the meeting which established STM & OPMC, Glenn Smedley had planned and hosted an informal luncheon to discuss the possibility of a separate paper money organization. This meeting took place in 1960, during the ANA Convention in 8 January/February 2001 • Whole No. 211 • PAPER MONEY Boston. There was a fair amount of interest expressed by those present (about a dozen collectors), and they agreed that they would meet during the ANA convention the following year to (hopefully) finalize the details of the new group. In the meantime, all promised to inform other paper money enthusiasts about the planned meeting. Those pre- sent for that first meeting were Hank Bieciuk, James J. Curto, Glenn B. Smedley, Dr. Julian Blanchard, and George Wait. Bieciuk, Smedley and Wait were paper money enthusiasts. Blanchard was an active member of the Essay-Proof Society, and a pioneer in the research into bank note design and engraving. Curto was primarily a token specialist, but he was also an active collec- tor of sutler and merchant scrip. The 1961 ANA Convention was held August 16-19 in Atlanta, Georgia. The "unofficial host" of the convention was Atlanta coin dealer Blaise Dantone. One night during the show, the Dantone family hosted a party of some 320 con- vention-goers at their home. Glenn Smedley had scheduled a meeting of paper collectors to follow up on the meeting in Boston the previous year. Smedley was an ANA officer, and he received an invitation to the Dantone party. When he told Dantone that he had scheduled a meeting of people interested in starting a paper group, Dantone told him, "Invite all your paper money collectors to the party and hold your meeting here!" Grover Criswell told me that the meeting to organize SPMC took place in the basement of Dantone's house. This was confirmed some years later by Matt Rothert, who related the following story in the pages of this magazine: "A meeting of all the paper money collec- tors who were interested in starting an organiza- tion was called for that same evening. The for- mation of such a group had been discussed at the ANA convention in Boston the previous year, and Blaise had asked that the meeting be held in his home. "The outcome of this meeting was the appointment of a steer- ing committee to draft the by-laws of this new organization, to be named the Society of Paper Money Collectors. This committee was composed of H.R. (Hank) Bieciuk of Kilgore, Texas, chair- man; Dr. Julian Blanchard, James J. Curto, Eric P. Newman and Glenn Smedley. They were to report back to the collectors in atten- dance. We all signed a paper with name and address, and we became charter members. "When Blaise called the meeting we found that there were too many col- lectors to sit in the living room so he asked us to go to the basement playroom, which was larger. There were not enough chairs in the basement room, so I obligingly decided to sit on a small cocktail table instead of a chair. I weighed a bit more than I do now, and the table could not hold me. BANG! I went right on through to the floor with one leg of the table penetrating me in a most painful spot. I limped (hobbled) over to a soft seat and am surprised that I could remem- ber the rest of the proceedings. "After seeing a doctor I drove home (to Arkansas) sitting on a 'rub- ber donut,' which I still have as a remembrance of the eventful day when the Society of Paper Money Collectors was formed." The five men who attended the meeting in Boston in 1960 were hon- ored by the new organization. The membership numbers assigned to each were: (1) Hank Bieciuk, (2) James J. Curto, (3) Glenn B. Smedley, (4) Dr. Julian Blanchard, (5) George W. Wait. Positive reaction to announce- ments of the new organization was immediate. Applications for mem- bership came from collectors who had seen reports of the formation of the new group. Others found out about SPMC from people who had attended the Atlanta gathering, or heard about SPMC from fellow collectors or deal- ers. Some of these new members That's The Way It Was By Hank Bieciuk, #1 In 1961 we met in Atlanta at the home of Blaise Dantone, an Atlanta attorney. Our needs and desires were cussed and discussed at length, but no one charged forward to grab the reins and lead the charge. I had come to Atlanta to introduce my book on Texas currency, and suddenly my name was suggested and nominations ceased! At that point, I was elected President and Editor of a non-existent organi- zation and publication by acclamation. Lo and behold, SPMC was born. Amongst the duties of this new creation was the cre- ation of a magazine, the publishing of it, finding contribu- tors or articles, etc. Since I had full-time employment and wrote a weekly column for Coin World, things were a bit hectic. Somehow, the magazine and I both survived for about two years when another Editor, Barbara Mueller, took over. I am quite certain that during this time some toes were stepped upon and some egos were bruised. Such things do happen, and we were no different than anyone else. Be that as it may, many deserved recognition during this period. Who was the "founding father" of the Society of Paper Money Collectors? That is very difficult to answer! All I can say is "that's the way it was." --Adapted from Paper Money, Jan/Feb 1993 How the first five SPMC member #s were assigned By George W. Wait, #5, HM5, HLM5 The holders of the first five numbers were the men who met during the 1960 ANA Convention in Boston to explore a paper group. Glenn Smedley should really be considered the father of the SPMC because prior to the 1960 ANA Convention, he wrote some of us and suggested we get together at Boston to explore the possibility of an organization. At the luncheon meeting were Messrs. Bieciuk, Blanchard, Criswell, Smedley and Wait. At that meeting we thought that someday we might have as many as 200 members! Doc (Julian) Blanchard and I assigned the first num- bers. If I recall correctly, we offered #1 to Glenn Smedley since it was his original idea, but he modestly declined with the suggestion that the President and Vice President should have first consideration. Tom Bain was not an original offi- cer, but he was made Second Vice President after the merg- er with the World Paper Money Club. Believe me, the early years were rough and many times our survival was in doubt, but we hung in, and now the Society has exceeded all expectations. Doc would be amazed! --Adapted from Paper Money, May/June 1986 9PAPER MONEY • January/February 2001 • Whole No. 211 Congratulations! 40th Anniversary SPMC #8 J. Roy Pennell, Jr. P.O. Box 836 Anderson, South Carolina 29622-0836 The Society OF Token, Medal & EDITOR Dr. George Fuld P.O. Box 6047 Baltimore 31, Maryland ASST. EDITORS Nathan Eglit, Fred R. Marckhoff, Ralph Mitchell, Russell Rulau, E. Ward Russell. Obsolete Paper Money Collectors VOL. 1, 80.1 QUARTERLY BULLJIN APRIL, 1961 Wellcome to our first official publication. This bulletin has been delayed, but I believe ell of you can understand some of our growing pains. In addition, the editor is now en the publishing business, on bear with me. For a society Dirac conceived many years ago, bot only launched five months ago, I believe we have mndo impressive progress. Obviously we have made mistakes, we have hurt some feelings and we're for from perfect--however only comments and participa- lion from our members can steer us onto the right path. So let us hear your gripes, suggestions (and compliments too, if there ore any). The objects of our Society arc sec forth elsewhere—so no need to repeat them in no opening editor- ial. But let me emphasise, or primary object is not personal gain in any form for come selected individual., u hot to help promote and dissemiaute information, interest and literature in the general field of tokens, medals and obsolete paper money or exonumia (a coined word to be discussed later). Although there has been !MAW comment, both pro nod con on the inclusion of obsolete paper money in the society, at this time it in the unanimoos feeling of the oro-tem board members that it should be included in the realm and objects of the society. We have published articles in Coin World, as all of you undoubtedly know, and fully intend to publish articles in other journals besides Coin World, unless a d cision to the contrary is reached at the first Annual meeting. All members of the Society are now receiving Coon World, if anyone is nor--please let us know immediately. We have reprinted acme articles from Coin World herewith, and if there Is any demand from members for reprints of any articles, it will be done in the next issues. Let me point out strongly, that all articles to far pub- lished have been ones of r,•_ 1411e, in terest only. For instance w might have a general article on game counters in one of the regular journals, e but detailed cafal.ogs and valuations (if possible) will only be published in our quarterly journal. foentmally, these detailed articles may he reprinted in book form, such as nor sister society the American Vecturist Association has done (The AVA'a ''Atwood Catalog of Transportation.Tokenc . ), But now, this is just in formative stages. Articles in preparation will mentioned later in this issue-- let to sour suggestion. for others (ant of course volunteers). Now on with the showt11 GJF DETAILS OF TOE FOUNDING MEETINGS The ides of forming a Society for token and medal collectors was discussed many Congratulations TAMS, it's uour 40th anniversary, too SPMC & TAMS share STM & OPMC heritage, medal By Dr. George Fuld, #344 As mentioned in our first bulletin, we are going to have a Society medal struck commemorating our first annual meet- ing to be held in conjunction with the American Numismatic Association convention in Atlanta, Georgia, August 16-19, 1961. A FREE copy will be mailed to each paid up member of the Society with the September bulletin. An artist's sketch of the medal is shown herewith. It consists of an appropriate obverse, with a reverse designating the first annual meeting of the Society, held in conjunction with the ANA convention in Atlanta. The free medal will be struck in oxidized bronze. Members-only may order -- if they wish a silver specimen of the medal, one only at $3 per copy. All orders must be received by August 15, 1961 -- send them to the Secretary, Mrs. Lucy A. Kelly, 3410 Ford St., McKeesport, Pa. (To keep costs down, Mrs. Kelly will NOT acknowledge orders -- your cancelled check will be your receipt.) The Society medal will not be available to non- members. The commemora- tive medal was designed by the Shawnee Hills Medal- lists of Harrisburg, Ill. It was conceived by Roy C. Small, and executed by Robert R. Barron, one of the staff's talented artists. The medal will be struck thru the kind cooperation of Mr. 'William Bryant of Wendell-Northwestern, Inc. of Minneapolis. --Adapted from STM&OPMC Quarterly Bulletin, Vol. 1, No. 1(April, 1961) and Vol. 1, No. 2 (July, 1961) Note: Size is 34 mm. Mintage of the bronze medal is estimated at 300 or so. Silver medal mintage is unknown, but George Fuld reported in the Sept. 1961 issue of TAMS Journal that "silver medals ordered by the members offset the total cost of the bronze medals." 10 January/February 2001 • Whole No. 211 • PAPER MONEY PAPER MONEY • January/February 2001 • Whole No. 211 11 came from the Society of Token, Medal & Obsolete Paper Money Collectors. That group changed its name and continued opera- tion. It is now known as the Token and Medal Society, which is also celebrating its 40th anniversary this year. Society Treasurer Glenn B. Smedley established the first SPMC bank account in November, 1961, at Lawndale National Bank of Chicago. SPMC was officially on its way! During the Michigan State Numismatic Convention held in Detroit in November of 1961, a meeting was held between offi- cers of the new Society of Paper Money Collectors (SPMC) and The World Paper Money Club (WPMC). The topic was a merger of the two groups. A mail vote was held, and the member- ship of the WPMC approved the merger by nearly 100 per cent. This merger was effective January 1, 1962. WPMC members could join SPMC for only the $3 annual dues. As part of the agreement, five members of WPMC became members of the SPMC Board of Governors: Dr. Walter M. Loeb, James Kirkwood, Dwight L. Musser, and Peter Robin. Additionally, Thomas C. Bain became 2nd VP of SPMC, and Musser became foreign paper money editor of SPMC. The merger of the two groups at the end of 1961 left SPMC with 343 Charter Members. President Hank Bieciuk conducted SPMC's first official meeting during the joint 1962 ANA and Canadian Numismatic Association Convention in Detroit. A dealer from Kilgore (later Dallas), Texas, Bieciuk specialized in obsolete notes. In addition to being the Society's first President, he was also it's first Editor. Approximately 100 members attended the Society's first annual meeting in Detroit. Six new board members were elected to take office later in the year. Bieciuk announced that the Society had a membership of 448, a number that exceeded most every- one's expectations. Much of the meeting dealt with ways the organization could enroll more members, and improve the quality of Paper Money. "Increase of interest in collecting paper money shown by recent trends. Everyone who has had even half an eye on recent numismatic trends will have to agree that there has been an upsurge of interest in paper money. Along with an increase in collecting paper money, a steady growth in literature on the sub- ject has taken place." -- Coin World, March 29, 1963 The official corporate seal of The Society of Paper Money Collectors incorporated in the District of Columbia, 1964. Many early SPMC members still active in hobby & Society According to first President Hank Bieciuk, the first 343 individuals to join the Society were considered "Charter Members." They were listed as Charter Members in the first issue of Paper Money. Incredibly 39 of these longtime collec- tors are still members of SPMC. Of the Charter Members, the First 125 members of SPMC were: 1-Hank Bieciuk, 2-James J. Curto, 3-Glenn B. Smedley, 4-Dr. Julian Blanchard, 5-George W. Wait, 6- H.G. "Bill" Corbin, 7-Brent Hughes, 8-.7. Roy Pennell Jr., 9-Chet Krause, 10-D. Wayne Johnson, 11 -Ben Rutman, 12- M.H. Loewenstein, 13-Harry J. Forman, 14 -Joseph Reinis, 15-W.A. Philpott, 16-John Swanson, 17-Earl Hughes, 18- Herbert Oechsner, 19-Ernest Johnson, 20-Julian Marks, Also, 21-Kingsley Falkenberg, 22-Robert Comely, 23- Larry Richardson, 24-Paul Seitz, 25-Frank Spencer, 26-Dick Krotz, 27-Ralph Osborn, 28-Pat Provenza, 29-Nelson Riegel-, 30-Robert Friedberg, 31-Leonard Stark, 32-Arlie Slabaugh, 33-Ray Rennick, 34-John Heflin, 35-M. Owen Warns, 36-Al D. O'Rear, 37-Claude Rankin, 38 -Floyd Janney, 39-William H. Dillistin, 40-Harold L. Bowen, Also, 41-Walter Loeb, 42-A.P. "Del" Bertschy, 43- Harley L. Freeman, 44-Alexander Sullivan, 45-Lloyd Thompson, 46-Thomas F. Morris, 47-Fred Marckhoff, 48- William Harrison, 49-Lorenzo LaPierre, 50-Arthur Hegel, 51-Allan Lieberman, 52-Jack Preston, 53-Carl Roethke, 54- Roswell Burrows, 55-Sidney W. Smith, 56-Maurice Sklar, 57-George L. Freese, 58-Howard Spain, 59-Vernon Saunders, 60-Robert H. Dickson, Also, 61-James A. Brown, 62-Wayne Kramer, 63-Lucius Ruder, 64-Fred Hill, 65-Aaron Feldman, 66-Cornell Hunter, 67-Edward K. Bell, 68-Kenneth Paxton, 69-Maurice Gould, 70:William Moose, 71-John Skribiski, 72-W. H. Edwards, 73-John Tracy Walker III, 74 -William P. Donlon, 7S- Charles Altz, 76-Josiah Hatch, 77-Warren S. Henderson, 78-E. Burnell Overlock, 79-Philip H. Chase, 80-B.M. Douglas, Also, 81-Thomas Warfield, 82-Ellis Edlowitz, 83- Stanley Janusz, 84-Bill Logan, 85-Jasper L. Robertson, 86- John McKnight Brown, 87-Leo Laky, 88-Lewis Hopfenmaier II, 89-Jake Sureck, 90-William Stumpp, 91- Ernest Littrell, 92-Maurice Burgett, 93-Louis S. Werner, 94-Louis Spirt, 95-I. T. Kopicki, 96-Gary Nathan, 97-Jim Grebinger, 98 -Larry Miller, 99-Howard Street, 100-Karl Kaufmann. Also, 101-Mrs. Louise Campbell, 102-John Skandera, 103-Byron Cook,104-Minerva Lauer, 105-Arthur C. Matz, 106-Bernard Helfer, 107-W.H. Mason, 108-Robert Jones, 109-L.P. Leonard, 110-H. W. Gooding, 111-Harold Salmanowitz, 112-Toni Bain, 113-M. Clay Purdue, 114- Theodore Kemm, 115-John Hamrick, 116-Dean S. Davey, 117-Richard Jones, 118-Casimir X. Urbanski, 119-Ivor S. LeBane, 120 -Alfred Bach, 121 -Forrest Daniel, 122 -Art Kagin, 123-J. Wayne Hamilton, 124-George Hatie, 125- Merral A. Fox. Note: Bold Face indicates still active in SPMC For additional active Charter Members See Page 82 ARTICLES OF INCORPORATION SOCIETY OF PAPER MONEY COLLECTORS, INC. Tom THE RECORDER Or DECOR, D. C. WASHINGTON, O C. WE, THE UNDERSIGNED NATURAL PERSONS OF THE AGE OF TWENTY-ONE YEARS On MORE, ACTING AS INCORPORATORS Or A CORPORATION, ADOPT THE FOLLOWING ARTICLES or INCORPORATION FOR SUCH CORPORATION PURSUANT TO THE DISTRICT Or COLUMBIA NON-PROTIT CORPORATION ACTT FIRST: THE NAME OF THE CORPORATION IS SOCIETY or PAPER MONEY COLLECTORS, INC. SECOND: INC PERIOD OF DURATION IT PERPETUAL. THIRD THE PURPOSE OR PURPOSIS FOR WHICH THE CORPORATION IS ORGANIZED IS TO PROMOTE, STIMULATE AND ADVANCE THE STUDY, KNOWLEDGE AND COLLECTION OF PAPER MONET IN ALL ITS BRANCHES ALONG EDUCATIONAL, HISTORIC AND ISCIENTIrIC LINES. FOURTH: THE CORPORATION SHALL HAVE MEMBERS. FIFTH: THE CORPORATION SHALL NAVE ONLY ONE CLANS OF MEMBERS. SIXTH: THE BOARD Or DIRECTORS SHALL OE ELECTED ARO APPOINTED AS PROVIDED IN THE BY-LAWS Of THE CORPORATION. SEVENTH: PROVISIONS FOR THE REGULATION OF THE INTERNAL AFFAIRS OF THE CORPORATION, INCLUDING PROVISIONS FOR DISTRIBUTION OF ASSETS ON 12 January/February 2001 • Whole No. 211 • PAPER MONEY In discussing the quarterly journal, President Bieciuk empha- sized the need for more advertising and additional articles for publication. Articles need not be lengthy, he stressed. "Where desirable and possible, they should be accompanied by good quali- ty, glossy photos to illustrate the subject matter," the President/Editor said. Bieciuk reported that the Board of Governors had met earlier and adopted a resolution addressed to the ANA. The resolution requested ANA change their classifications of paper money exhibits to (1) U.S. Currency, (2) Foreign Currency, and (3) Obsolete Currency, such as Broken Bank Notes, State Notes, Confederate and Colonial Notes. A Canadian member in attendance objected to the term "foreign" being used for exhibits of Canadian notes. Treasurer Right: A portion of the Society's carbon copy of the original Articles of Incorporation filed in Washington, D.C. in 1964; below, early SPMC VP Dr. Julian Blanchard; bottom, dealer and author William P. Donlon, who succeeded Blanchard as Society Veep. Smedley expressed sympathy with the man's opinion, but doubted that any further changes would be made. Discussion was held on the possibility of a merg- er with the Essay-Proof Society, but was ruled out because of the philatelic emphasis of that group. The President also reported that the Society's Initiation Fee had been discontinued by vote of the Board. In a move that turned out to be quite prophetic and incredibly beneficial for future collectors, the members present had a lengthy discussion about establishing a committee to evaluate paper money of all types. Specifically, a recommendation was expressed that an up-to-date listing of "Broken Bank Notes," along with Canadian and foreign notes, be generated. There was great inter- est, but no firm action was taken at the meeting. However, this idea would come to fruition as the Society's "Wismer Project." Issue # 2 of 1963 featured the first of many exceptional arti- cles which added to collectors' knowledge of the entire currency and banking process, compli- ments of Forrest W. Daniel. In the summer of 1963 , the first Treasurer's Report appeared in Paper Money. From nothing in November of 1961, the bank balance in 1962 showed $1,126.46. A year later it was $1,918.58, plus another $176.25 still due from advertisers! "The Society of Paper Money Collectors is well on its way to bigger and better things, reports Fred R. Marckhoff, Coin World correspondent, and a director of that organization. "The year 1963 was a banner one for paper money collectors. Several new valuable reference works appeared together with very worthwhile articles in the leading coin journals. "The recent issuance of new one dollar Federal Reserve Notes increased interest in paper money greatly." -- Coin World, April 15, 1964 The first issue of Paper Money for 1964 featured an announcement by new President Tom Bain naming SPMC's first employee! Barbara R. Mueller, who once described herself as "a philatelist who was dragooned into numismatics by the late Dr. Julian Blanchard of the Essay-Proof Society," began the first of two tours of duty as the Editor of Paper Money. Hank Bieciuk's efforts as Editor of Paper Money did provide the basis for Ms. Mueller's improvements, and he did (in my per- sonal opinion) a wonderful job of getting both our fledgling orga- nization AND journal off the ground! However, Ms. Mueller's professional background as an editor was tremendously beneficial to our fledgling organization, and her "touch" began to show quickly. T he BEST Pap er Money Books Since 1973 The Leading Authors • Douglas Ball • Fred Bart • Murray Teigh Bloom •Joseph Boling • Carlson Chambliss • Terry Cox • Grover Criswell • Lawrence Falater • Gene Hessler • Doug Murray • Fred L. Reed Ill • Fred Schwan • Hugh Shull IENU [Dress 132 E. Second St. Port Clinton, OH 43452 BNRPress@papermoneyworld.com www.papermoneyworld.com PAPER MONEY • January/February 2001 • Whole No. 211 13 14 January/February 2001 • Whole No. 211 • PAPER MONEY Above top left, hardworking early SPMC stalwarts at the 1966 Annual Meeting: (Seated L-R) Barbara Mueller, William A. Donlon, George Wait. (Standing L-R) Tom Bain, J. Roy Pennell, Nathan Goldstein, Richard T. Hoober, Ellis Edlow, James T. Grebinger, and Maurice Gould. Top right: Tom Bain. Above (L-R): Albert Pick and Forrest Daniel; Nathan Goldstein and James Conlon, BEP Director. Left, 1966 SPMC cardboard promotional sign. "The information-packed Winter 1964 issue of Paper Money, official publication of the SPMC, the first issue under the direc- tion of the society's new editor, Barbara Mueller, features articles by such well-known paper money authorities as Fred R. Marckhoff, William P. Donlon, Forrest W. Daniel, Earl Hughes and Maurice M. Gould." --Coin World, June 3, 1964 This same issue announced the beginning of the SPMC Library. Earl Hughes volunteered to house the library until a per- manent appointee could be found. At the annual meeting, President Bain announced that the Society had been incorporated as a non-profit corporation under the laws of the District of Columbia. Ellis Edlow, SPMC Legal Counsel, was asked to make the necessary revisions to the Society's By-Laws. I/ 0,c, P/7- At- f rfr" R°C)/14 77 6th Annua Meeting Luncheon cedetv of Paper Money Collectors FRIDAY, AUGUST 19, 1966 — 12:30 P.M. FLORENTINE ROOM — PICK-CONGRESS HOTEL CHICAGO, ILLINOIS This meeting and Luncheon will be held in conjunction with the American Numismatic Association Annual Convention. Take this opportunity to meet Paper Money Collectors from all over the U. S. and abroad. Bring your duplicate notes and swap with others in attendance. LUNCHEON TICKETS - $4.50 DOOR PRIZES Clockwise from top left: Eric Newman, Grover Criswell, Harley Freeman and Barbara Mueller. 15 PAPER MONEY • January/ February 2001 • Whole No. 21 Also at the annual meeting, the details of the "Wismer Project" were provided to the membership. The goal was to update the entire "Obsolete Notes Listings by States" which was published in The Numismatist from 1922 to 1936. The chairman of the project was Fred R. Marckhoff, assisted by George Wait and Dr. Julian Blanchard. A "four-way" description of each note to be cataloged was to be provided: (1) the bank or issuer, (2) exact date, (3) engraver or lithographer, and (4) denomination. To date SPMC has published 15 volumes in this project, and other authors have used the SPMC format to produce 10 addi- tional reference works. Later in 1964, an article in Paper Money provided the defini- tive explanation of the differences between the correct term "Obsolete Note" and the incorrect term "Broken Bank Note," when referring to currency and scrip issued prior to 1866. David C. Wismer's daughter, Elizabeth Wismer Osmun, shared some of his views on this subject with the rest of the SPMC membership: "I have some bank notes to offer but none are broken; some are torn and ragged. I would be greatly obliged to you if you would discontinue the use of the term 'broken bank notes."' (1937) "After the bank notes were discontinued in 1866, they were called 'obsolete bank notes' until about 1905. A paper money dealer then saw a note stamped 'broken bank' and started to call all the old notes 'broken bank notes' because he knew that many of the banks were in operation, and he could get the notes cashed by the bank of issue." (1939) Membership Milestones: 1964 - "the corporation shall have only one class of members" Stit Article of Incorporation 1969 - First Honorary Memberships 1972 - First Junior Memberships 1975 - First Associate Memberships 1983 - First Life IVlemberships 1983 - First Honorary Life Memberships Price of Memberships through the years: 1961-1965 - $ 3 1961 Initiation Fee +$1 1965-1971 - $ 4 1972 Initiation Fee +$2 1971-1973 - $ 5 1975 Associate Member- $2 1974-1977 - $ 8 1977 Initiation Fee +$2 1977-1981 - $10 1990 Canada/Mexico +$5 1981-1985 - $12 1990 International +$10 1985-1986 - $15 1983-1998 LM $300 1986-1996 - $20 1997-Canada/Mexico LM $600 1996- - $24 1997-International LM $700 1998- UV $500 Society Growth By Year Highest SPMC # at EOY 1961 - 268 1962 - 477 1963 - 602 1964- 1089 1965- 1610 1966 - 1880 1967 - 2250 1968 - 2450 1969- 2730 1970- 2970 1971 - 3390 1972- 3700 1973- 3990 1974 - 4280 1975 - 4630 1976- 4871 1977- 5196 1978 - 5489 1979- 5769 1980- 6039 1981 - 6259 Society Growth By Year Membership a/o June 1961 1962 - 448 1963 - 566 1964 - 727 1965- 1236 1966- 1354 1967- 1534 1968- 1554 1969 - 1553 1970- 1685 1971 - 1893 1972- 1969 1973- 2039 1974- 2042 1975- 2122 1976- 2028 1977- 2059 1978 - 2088 1979- 2204 1980- 2250 1981 - 1917 1982- 6459 1982- 1893 1983- 6639 1983- 1913 1984- 6879 1984 - 2040 1985- 7069 1985- 2073 1986- 7389 1986 - 1897 1987- 7549 1987- 1873 1988- 7729 1988- 1786 1989- 7889 1989 - 1763 1990- 8069 1990- 1743 1991 - 8199 1991 - 1645 1992- 8369 1992- 1632 1993 - 8569 1993- 1628 1994- 8829 1994- 1654 1995 - 9099 1995- 1735 1996 - 9237 1996- 1702 1997- 9461 1997- 1665 1998- 9701 1998- 1676 1999- 9937 1999- 1697 2000- 2000- 1633 23 :J-01.-72 CONTINENTAL BANK— AND TRUST COMPANY OF CHICAGO SPMC's bank book in the early years. "A number of you have written me and asked how you can obtain a sample copy of Paper Money, quarterly organ of the Society of Paper Money Collectors. A limited number of back issues can be sent to those interested for only $1 each. "Address your inquiry and payment to J. Roy Pennell Jr., Box 858, Anderson, SC. If you wish a copy of the SPMC information sheet and application form, I can send that to you for a stamped envelope, or return postage." --Nathan Goldstein II, Coin World, August 25, 1965 By Winter of 1965 the annual dues had risen to $4. The 1000th member was enrolled, Dr. Conway Bolt. Treasurer Glenn Smedley reported that the balance in the treasury was $4,853.59. On January 31st 1966, "Wismer Project" Chairman Fred R. Marckhoff suffered a heart attack and passed away. In addition to his contributions to the obsoletes project, he authored more than a dozen articles published in Paper Money, and others published in historical journals. He had served since almost the begin- ning of the Society as Assistant Editor of the journal, as well as a member of the Board of Governors. In 1964 he won the Howland Wood best-of- show award at the ANA Convention for his exhibit of obsolete paper money of the Indian Territory. President George Wait selected Richard T. Hoober Sr. to take over the Obsolete Currency Project. Appearing in the last issue of Paper Money for 1966 was the first article by a collector/researcher we would hear from often, and learn quite a bit from; his name was Peter Huntoon, and his topic was (what else?) National Bank Notes! The volume, quality and variety of articles from our mem- bers continued to grow. Issue number 22, the Spring of 1967, was 32 pages! It announced the Society's 2000th member, Dr. Vladimir Clain-Stefanelli, Curator of Numismatics at the Smithsonian Institution. Sadly, the same issue announced the passing of one of SPMC's "Founding Fathers," Dr. Julian Blanchard, at the age of 81. He had become a serious collector of stamps in the 1930s, and had become enamored with the relationship between stamps and paper money. He was drawn to the engraving aspects of both, and was a charter member and officer of the Essay-Proof Society. He was known for his spectacular exhibits of die proofs of vignettes and notes featuring the vignettes. That issue was also significant because it contains the first January/February 2001 • Whole No. 211 • PAPER MONEY mation for everyone interested in National Currency -- Melvin Owen (M.O.) Warns. Mr. Warns would later chair the 1929 article submitted by a man who would contribute important infor- Nationals Project, which has as its goal to establish a data base of the known notes of each bank, which issued Series 1929 notes. This project has recently been modified to identify which Type of note is being reported. It is now being headed by David Hollander. The last issue of Paper Money for 1967 announced the publi- cation of the Society's first book in the Wismer series, Florida Obsolete Notes and Scrip by Harley L. Freeman. The price was $4 for members, $4.75 for non-180461 members. Among the new offi- cers was Secretary Vernon Brown, who would hold that job for many years. In 1968 SPMC received tax exempt status, and the Julian Blanchard Award was estab- lished. It provides for an annual award for the best exhibit featur- ing (a) Proof Notes, (b) Tie-in of stamps and paper money, or (c) Matching vignettes on paper money with other vignettes, such as on mounted die proofs, patri- otic envelopes, etc. That same year, the second book in the Wismer series, Texas Obsolete Notes and Scrip, by Bob Medlar, was published. The issue price was $6; nice copies of this book now sell in excess of $100! In 1968 and 1969, SPMC Charter Member Maurice M. Burgett must have set some kind of a record. His exhibit, "Currency of the Confederate Indians," won First Place at the conventions of the Indiana Numismatic Association, Kentucky Numismatic Association, Missouri Numismatic Association, Illinois Numismatic Association (also Best-of-Show), Arkansas Numismatic Association, Central States Numismatic Society (also Best-of-Show), St. Louis Numismatic Society, and the Missouri Numismatic Association (again!). The exhibit also won the D.C. Wismer Award at the 1970 ANA show. Maurice later authored the Wismer book cataloging the Obsolete Curren° , and Scrip of the Indian Territory and Oklahoma. In 1969, SPMC and the International Bank Note Society dis- cussed the possibility of a merger at the ANA Convention. During the IBNS meeting Russell Rulau offered a resolution that the two groups merge "because it is an utter fallacy to try to run an organization without sufficient funds, without sufficient mem- bers, and with overlapping memberships." Members of other paper groups were present at the meeting, and expressed support for this resolution, including Peter Robin and Mad Titus of the International Paper Money Club, and 16 ACCOUNT Society of Paper Money °I Collectors DATE WITHDRAWAL DEPOSIT INTEREST BALANCE TRANS. 14-01-68 5,000.00 5,000.00 23A 2 7-01-68 50.00 INT 5,050.00 3 6- 2 7-6 8 1,500.00 3,550.00 23B 10-01-68 5 3 .540 INT 3,585.50 6 1-01-6 9 35.Ii5 INT 3,621.35 74-01-69 364 INT 3,657.56 34-02-69 4Z.00 3,699,56 23A 9 4- 02-69 4 2 . 00 COR 3,657.56 23A 14 7-01-59 36.5h INT 3,694.14 110-01-69 • • - 36.94 INT 3,731.08 . , 1-31-i70 12.1.-37-73 37;50 I:7 44.44.. • 5,768 ;so 3,31:3.02. 13A 134-01-70 42,07 INT - 3,855,09 147-01-70 43,431 INT 3,898. 70 15 1.60-01-13 :Ji! .11 WI 3,942.81 41, 1I11- 3,937..4 2 INT 4,032.53 19 4-0 -1-71 45.62 INT 4,070.15 6.1:4 4,1.24 .27:) PAPER MONEY • January/February 2001 • Whole No. 211 17 Congratulations SPMC Alan Dorris & C. Vernon Valiance Hamlet, NC Forrest Daniel pulling a proof as a tramp printer. 18 January/February 2001 • Whole No. 211 • PAPER MONEY How the SPMC logo came to be On August 27, 1965, at its annual meeting in Houston, Texas, Society of Paper Money Collectors Board Members approved the initials "SPMC" as the short reference to this organization. Prior to this time, the numismatic press and many members had used the somewhat ungainly monogram SOPMC, reminiscent of the old, defunct STM & OPMC. At the 1972 annual meeting, President J. Roy Pennell Jr. "displayed to the members a new emblem for the Society which had been adopted by the Board of Governors. The emblem depicts currency being peeled from a printing plate. It was suggested by Forrest Daniel and executed by Brent Hughes." At the 1973 annual meeting, Secretary Vernon L. Brown recommended "that the date of founding, 1961, or the date of incorporation, 1964, be added to the emblem adopted last year." After discussion the Board adopted adding the date of the society's organization, 1961. On Nov. 26, 1975, Past President J. Roy Pennell for- warded the artwork for the emblem to the new Society Secretary Harry Wigington. "I think you should have it," Pennell wrote. To commemorate the 40th anniversary of SPMC, we asked the two people responsible for our logo how it came to be. Here are their responses. By Forrest Daniel, #121 The inspiration for the SPMC logo design probably came from my having been a tramp (itinerant) printer for many years until the trade dis- appeared about 1976. For six and a half years I pulled proofs and corrected galleys for the Dekalb Daily Chronicle. In 1956 they took pictures of the various jobs in the shop for some kind of presentation. The picture (above) is me pulling a proof; before I turned blond. Some of my better notes had been purchased by that time. The SPMC Emblem The official emblem of the Society of Paper Money Collectors was presented to the membership at our 12th Annual Meeting at New Orleans in 1972. Earlier in the year the Governors of the Society received about a dozen proposed designs drawn by Governor Brent Hughes, a graphic artist and designer. The governors were asked to choose their favorite designs and reply to President J. Roy Pennell, Jr. The letter included the usual statement that the governors could suggest alternate designs if they chose to do so. I sent in a proposal. Every one of Governor Hughes' designs would have been acceptable, and thus posed a difficult choice. As I recall most of them were round with a map, printing press or other appropri- ate symbol with the name of the Society circling a central design. I thought the Society monogram "SPMC" should be the dominant feature of the logotype and came up with the idea to demonstrate the printing process by showing a proof of the monogram being pulled from an intaglio printing plate. Since I am not an artist, a rough sketch of the asymmetrical design was drawn and sent to President Pennell. When I arrived at the convention hall in New Orleans with an armload of plaques and awards, I met Roy and asked where I could store the awards until our meeting. He gave me a key to his room to leave them there. He said there was a folder on the dresser that I should look into while I was in the room. In the folder was a professional rendition of my sketch. Mr. Hughes had added the "INC." to our name and eliminat- ed a design that would have become too small in reduction. The emblem was exhibited at the Annual Meeting on August 18, 1972, and first appeared on the cover of Paper Money, Vol. 12, No. 1 (1973) at right. The SPMC logotype and mem- bership card, later, brought me eight hours of prior-learning credit in design and engraving when I needed a quickie college diploma. By Brent Hughes, #7 I don't know who first suggested that our Society have an emblem or logo. Memory fades and things are recalled in bits and pieces. I had to dig through my set of back issues of Paper Money to see exactly when the emblem was announced, and found it featured on the cover of Vol. 12, No. 1, First Quarter, 1973. The Editor at that time was the very efficient Barbara Mueller, who would serve us so well for so long. The publisher was listed as J. Roy Pennell, Jr. of Anderson, SC, who was also serving as President of the Society at the time. He was also handling book sales and obviously being one of the work horses of our group. Roy is a good friend of many, many years and I appreciate all the things he has done to get me involved in numismatics. I believe it was Roy who first contacted me about design- ing an emblem. The year was 1972, as I recall. It had been a trying time at the FBI where I was employed as a graphic artist. J. Edgar Hoover, the only director the Bureau had ever had, died suddenly in early May and the agency was floundering like a rudderless ship. Those of us nearing retire- ment age were a little nervous about the future since the Nixon White House staff was a tough bunch capable of any- thing. In any event, I recall spending several evenings at home SOCIETY OF PAPER MONEY COLLECTORS INC. PAPER MONEY • January/February 2001 • Whole No. 211 19 -.10‘X"X' Paemp eTOPTHE.4(y Oite9 OF CURRENCY lard KM., of 1 by Unlit Mew. 1.- 111 bal. poem. le• avail/04r la a fel vaelOty elace e. edrer.Ing VOL. 12 1973 No. 1 Whole N. 45 OFFICIAL PUBLICATION OF Society 4 Paper Money Collectom © 073 by The Society © Ps, Money Collectors, Inc Our new Society logo first appeared on the cover of Paper Money with the first issue of 1973. At its recent St. Louis Board Meeting, our Executive Board voted belatedly to honor its creators, Messrs. Hughes and Daniel, with Awards of Merit for their creation. making thumbnail sketches of various ideas. I wanted some- thing symbolic of that most beautiful of printing processes, the intaglio or steel-plate engraving as produced by the mas- ters in the field. No other engraving technique approaches the quality of intaglio, as most paper money collectors know from examining their notes. There was an immediate minor problem because, in the early years of our Society, many people had referred to it as the SOPMC. I thought the "0" should be dropped, and used SPMC in the design. SPMC is now generally used by most members. Next came the fact that when you look at an intaglio plate, you see that the image is reversed. When it is inked and an impression on paper is pulled, the image comes out cor- rectly, of course. I wanted to portray both the inked plate and the pulled impression in a logical way. I finally came up with a rendering of the paper being lift- ed off the plate which provided a prominent "SPMC". I arranged the plate and paper inside a rectangle in such a way that I could include the full name of our Society just slightly off center. It was something different, to say the least. When the Editor put my design on the cover of Paper Money, she supplied the following caption: "The long- promised official Society of Paper Money Collectors emblem drawn by Brent Hughes will be a reverse engraving concept adapted from the traditional intaglio printing plate for bank notes. It will be available in a useful variety of sizes for offi- cial stationery, publications, awards and advertising." One difficulty in designing items such as this is that you can never anticipate how people will use them. There is a limit as to how much an emblem can be reduced in size before it becomes illegible. One can never anticipate how very fine lines will repro- duce, and my master drawing suffered when reduced for use in ads. The logo of the American Numismatic Association sur- vives severe reduction very well: the large "ANA" on a high- contrast disk is legible long after the full name of the organiza- tion is difficult to read. The emblem used by the Professional Numismatists Guild does not reduce too well, nor does the one used by the International Association of Professional Numismatists. Our emblem, like those mentioned, has been reduced too far by publishers trying to squeeze in a lot of text. The rendering of our Society logo on the 25th Anniversary souvenir card that the American Bank Note Co. produced for SPMC and IBNS is the best reproduction of it that I have seen. It shows what I tried to portray in my master drawing: almost all of the black ink on the plate being picked up by the paper under pressure, leaving just enough on the plate to be visible. This is pretty subtle stuff which was lost when the logo was used in publications. The edge of the plate base is also filled in when greatly reduced. At some point after our emblem was introduced, someone added the words "Established 1961" to the base of the plate. It was a good idea, but I don't know if it was ever officially adopt- ed. Could my logo design be improved? Certainly. But it is not a high priority matter. Members should concentrate their attention on contributing articles for our magazine so that new members will have an incentive to join and continue to be members. Most members do not attend the meetings and their only contact is through the magazine. Paper Money is a publication to which all members should contribute so that all members can benefit. Think about your collecting specialty in paper money and tell the Editor about it in typed form. He will do the rest. Finally, let me mention that I appreciate whoever reserved membership #7 for me when our Society was founded. I assume it was Roy Pennell since he is listed as #8. Many peo- ple have mentioned my low number and assumed that I was one of the "Founding Fathers" of our Society. I was not. In fact, I was unable to attend the 1961 ANA Convention where the founding took place. I am glad that I was able to con- tribute the emblem and hope that it will continue to serve the Society well. I treasure the memory of many of our members who have passed on. Among them are my very good friends Charlie Affleck, Ben Douglas and Walt Mason. I have enjoyed collect- ing paper money and getting to know so many people in the hobby. I'm sure that I join many others in wishing our current Editor well. May his next mail delivery be packed with out- standing articles which he can edit for Paper Money. I'm sure he would like to hear from you. Indeed, he would -- Editor. rhn SOLTIETT 07' PAPTM EVERT fitalatTORS Vernon L. Brown, Secretary P.O. Box 8984, Fort Lauderdale, Fla. 33310 OCT 2 0 1970 Dear Member: Welcome to our Society of Paper Money Collectors. We feel that you will enjoy your membership. If you have any questions regarding our Society, please write and I will try to answer them. A self-addressed envelope will be appreciated. As a member, you will receive our quarterly publication, ''Paper Money". We think that you will enjoy the various articles in it. We are always in need of articles for it, and hope that you will write an article for it. Please contact our Editor, Miss Barbara Mueller, 523 East Linden Drive, Jefferson, Wisconsin 53549, regarding articles and advertising in "Paper Money". Your help will make our publication better. Each member receives a full year' s Volume of "Paper Money" for the year in which he or she joins. Copies already issued will be mailed to you, and issues released after you join will be mailed by our printer. Please let us know as soon as possible if you change your address as the Post Office will not forward magazines (unless you guarantee forwarding postage). We have a few of the old issues for sale to members at $1 each. A list of available copies is enclosed with this letter, Very truly yours, • :z1' year. issue Vernon L. Brown, Secretary Secretary Vernon L. Brown welcomes new members. Sheldon Carroll and James E. Charlton of the Canadian Paper Money Society. However, apparently nothing came of this resolution, as both groups are still going strong today. Even without the merger, SPMC boasted approximately 1,700 members that fall, proclaim- ing itself "the third largest numismatic group in the world, sur- passed only by the ANA and the CNA." In 1970, the Society published The National Bank Note Issues of 1929-1935. This 212-page book was the result of many years of cataloging work by M.O. Warns, with assistance from Johnny 0. Bass, John 'F. Hickman, Richard L. Hood, and John T. Waters. Data about surviving notes was provided by many SPMC mem- bers, and additional mate- rial from principal authors Louis Van Belkum and Peter Huntoon. For the first time, information from many sources was combined into one refer- ence. This book was so popular with collectors that it was updated and reprinted in 1973! Former SPMC Treasurer I.T. Kopicki of Chicago passed away on September 12, 1970. Mr. Kopicki worked at the Lawndale National Bank & Trust Company in Chicago for 47 years, retiring as an Executive Vice President. During the time that large size National Currency was issued, Mr. Kopicki signed several sheets of his bank's notes as an Assistant Cashier. As far as I can determine, he is the only SPMC member who signed large size Nationals! In October 1970, an exhibit featuring the col- lection of SPMC officer and Charter Member J. Roy Pennell, entitled "South Carolina Paper Money 1770-1933: Colonial Bills to Depression Scrip," was placed on display at the Smithsonian Institution in Washington, DC. This honor was a recognition of the depth and quality of Roy's collection, and the choice was made by Dr. Vladimir Clain-Stefanelli, a fellow SPMC member. Also in October, Charter Member #20 Julian S. Marks passed away. He was a prolific exhibitor, and won the coveted Amon Carter Award for his exhibit of paper money at the 1961 ANA Convention in Atlanta. The Lewis M. Reagan Memorial Foundation established an award in Mr. Marks' name for exhibitors of paper money at subsequent ANA conventions. The first issue of Paper Money for 1971 featured a copyright- ed article by William T. Anton Jr. and Morey Perlmutter. They January/February 2001 • Whole No. 211 • PAPER MONEY discovered a proof for an unissued $500 Treasury Note of 1891 featuring' a portrait of Major General William Tecumseh Sherman. William P. Donlon sold his research and personal collection in 1971. He did so by mail bid sale, the first of 12 that he held. Donlon recollected that he had made his first purchase of paper money from Abe Kosoff in 1931. He published reference catalogs on U.S. currency for many years. At the SPMC meeting in August, the membership was 1893, a gain of 208 over the preceding year. Member David Hakes had recruited nearly 80% of the new members. A new membership directory had been printed and distributed to the members. The Board of Governors voted to raise the annual dues to $5, and to begin accepting Junior mem- bers beginning in 1972. William A. Philpott Jr., Charter Member and prolific contributor to Paper Money, passed away at the age of 86 on October 10, 1971. "Mr. Phil" had been selected as the winner of the SPMC Nathan Gold Award at the ANA Convention just two months earlier. He had researched Federal Reserve Bank Notes and Federal Reserve Notes extensively, and his dis- coveries were incorporat- ed into all the subsequent catalogs of U.S. currency. He, along with several other noted collectors and dealers from Texas, secured a solid place in the collecting fraternity for the Society of Paper Money Collectors. Even today, among the "old- timers," "Mr. Phil" sto- ries still make the rounds at shows. The year 1972 also marked the first article from Brent H. Hughes, who has since filled the pages of Paper Money with valuable infor- mation about Confederate currency (both genuine and especially counterfeits) and the famous counterfeiters of the 19th Century. Another SPMC luminary had an article published in Paper Money for the first time in 1972. Wendell Wolka wrote about a bank run in Indiana, his home state. The article was a harbinger of things to come, as Wendell was later the main author of the Society's Indiana obsolete notes catalog. He has also served in a variety of offices, including President; even today he is the SPMC Vice President and chairman of the Awards Committee. William P. (Bill) Koster first wrote about counterfeit U.S. currency in 1972, and over the next 20 years he submitted several other articles which provided valuable information for all collec- 20 COIN --- saki. beg- Smyth. holds two Memphis auctionsAffirm YT $10.1eLmood Cowl.) guide to U.S.ceNvolues fi) 19264 Buffalo nickel 5700 in EF40 $115,000 list °a top grade 1896-S quarter 1876-CC Trade Dollar $75,000 in MS-6S 55,200 takes 19204 gold $10 in VF-20 Classics top:designs . top coin designers Morgan Bartr 1.13n;elfy, Scimt.G.idensU1Sr PEI MONEY 193 TOME tiumismatic iNews WT)1111)PAPER MONEY. CONGRATULATIONS 111 to The SOCIETY OF PAPER MONEY COLLECTORS for 40 YEARS of Dedicated Service We're proud to have served the numismatic hobby right along with you all these years. Mint strikes three! ',MSC— B NK NOTE REPORTER MPLETT MONTHLY 01101 FOR PAPER MONEY COLLOCTORS Knight fills Memphis sale with rarities da colorizes 25 cents ;.wide CACNH IVONTI'M OMANI maim! BOlitt& COLONIAL COIN PRICES law= We wish you many years of success in the future Coins COINPRICES BANK NOTE REPORTERCOMPUITII rorrgu WIN/. NM MOM. COUSCTIMI World Coin News Ces.ate lWWhe , U. WCt. ...MI World Coin News Numismatic News The Complete kolortostloo Seems lot Cole Woolen PAPER MONEY • January/February 2001 • Whole No. 211 21 , -: , 7'. ' - I .',04 - \ ‘ 1 :-. _ .. i cWaa,n, g:Oket; 4,471,-.4 led aozozauinee %'i dea4‘ cm c7tvr2c^irj^, 044,-, 10, /97/ January/February 2001 • Whole No. 211 • PAPER MONEY22 Top left: Maurice Gould. Head table includes (L-R) Forrest Daniel, Eric Newman, Albert Pick, Chet Krause, Gene Hessler, and J. Roy Pennell. Bottom: Aubrey Bebee; Dr. John Muscalus; and Abe Kosoff addresses an audience that includes Bill Benson and Gene Hessler. tors about "bogus" National currency and Legal Tender issues which still fool collectors and dealers alike. The third book of the Wismer series was published in 1972. It was Vermont Obsolete Notes and Scrip, authored by Ms. Mayre Burns Coulter. Interestingly, Ms. Coulter was not an active col- lector of Vermont notes or scrip. However, she was a resident of New England, and was assigned the task of producing the book by the late Fred R. Marckhoff, first coordinator of the Wismer Project. Ms. Coulter told me that after Mr. Marckhoff passed away, George W. Wait assisted her with research and note descriptions, as well as furnishing pho- tographs of many of the notes listed. Wait's instructions to Ms. Coulter were simple: "Get the book done. I'll make it look good." Others who helped her to produce a quality book were Eric P. Newman, K.P. Austin, Richard T. Hoober Sr., James Du Pont and Libero Zampieri. The following year, 1973, ushered in a pleasant surprise: the new SPMC logo! It was suggested by Forrest Daniel and execut- ed by Brent H. Hughes: "a reverse engraving concept adapted from the traditional intaglio printing plate from bank notes." SPMC members proudly display this symbol, and it's featured on our membership cards. The second issue of Paper Money in 1973 featured an impres- sive 18-page listing of Montana Bank Notes, Drafts, Scrip and Warrants, authored by Harry G. Wigington. Roland S. Carrothers, who wrote several authoritative articles published in early issues of the journal, passed away unexpectedly in March. Barbara Mueller found it necessary to relinquish the Librarian's position, and it was quickly placed in the capable hands of Wendell Wolka. Gene Hessler made his Paper Money writing debut in the last issue of 1973, with an article entitled "Story of an Unissued 810 Silver Certificate." The subtitle was "The 'Buffalo Bill' That Beat a Battleship." SPMC would benefit from Gene's many impressive articles and his dedicated service to the organization over the coming years. Nicholas Bruyer submitted the first of his many articles over the years, which educated all of us about enigmatic United States Postal Notes. Issue 49 was the first for 1974, and marked a significant event for SPMC. For the first time, the Society was committed to publishing six issues of Paper Money annually! This proved beyond a doubt that our membership was up to the task of providing our Editor with enough material to produce an issue every other month! The issues of Paper Money from the late 1960s through the 1970s fea- ture a wonderful variety of articles about a wide range of topics, U.S. and world, notes, scrip, engravings/engravers, etc. It's quite clear to me that the collectors were truly enjoying themselves and taking advantage of the opportunity to share what they knew with TREASURY DEPARTMENT BUREAU OF ENGRAVING AND PRINTING WASHINGTON, D. C. 20226 November 27, 1970 Mr. Vernon L. Brown Secretary Society of Paper Money Collectors Post Office Box 8984 Fort Lauderdale, Florida 33310 Dear Mr. Brown: A brief acknowledgment, with sincere thanks, of your letter of November 20 forwarding to me my honorary member- ship card in the Society of Paper Money Collectors. As you know I have indicated in the past, paper money collecting is our favorite branch of numismatics. Best regards. Sincerely, James A. Conlon Director PAPER MONEY • January/February 2001 • Whole No. 211 23 their fellow SPMC members. One of the best of these is "Style and Design in French Banknotes," by Richard E. Dickerson in issue 49. A regular col- umn by M. Titus, "World News and Notes," provided informa- tion about new international issues. Mr. Titus also took advan- tage of the opportunity to "editorialize" in his columns, many of which are still quite interesting reading today! Future Editor Gene Hessler was interviewed on NBC's "Today" show by Gene Shalit. They discussed his new book, The Comprehensive Catalog of US. Paper Money. This work, now in its 6th edition, is considered by many to be the best overall catalog of U.S. currency, and the easiest to use. The Society published its latest book, The Nevada "Sixteen" National Banks and the Mining Camps that Sired Them. The book contained 403 pages, 455 photographs, and took author M.O. displays. He was also a Charter Member of the Essay-Proof Society, and many of his articles appeared in that organization's excellent journal. Lyn F. Knight announced the opening of a firm bearing his name in Kansas City, Kansas. Knight had begun his numismatic career 13 years earlier as president of P & I Coins of Sioux City; later he was associated with House of Stuart, Ltd., of Kansas City, Kansas. I wonder whatever became of him? Two SPMC members were chosen Numismatic Ambassadors by Krause Publications, and the honors were well- deserved. The first was Glenn Smedley, SPMC "Founding Father" and former President of the Society, who was honored for a virtual lifetime of contributions to the hobby. The other was Charles Affleck of Virginia, who authored a classic two-volume catalog of Virginia Obsolete Paper Money and Scrip. Both men were BEP Director James A. Conlon acknowledges his Honorary Membership in SPMC. truly "Ambassadors" of numismatics, encourag- ing collectors and research wherever they went. "For paper money collectors who do not already know it, there is an organization especial- ly for them. And currently, The Society of Paper Money Collectors, as the organization is called, based out of Ft. Lauderdale, FL, is looking for new members. "Last year the SPMC endorsed a proposal submitted to the government for the printing of a special series of notes to commemorate the Bicentennial celebration in 1976. "Also, it has approved the re-issuance of the $2 note, a suggestion that was made at the soci- ety's annual 1971 meeting by James A. Conlon, director of the Bureau of Engraving and Printing. "Dues are $8 and include a subscription to Paper Money magazine. All interested should fill nut the adjacent form and mail, along with a check for $8, to Vernon L. Brown, Secretary." --Coin World, August 28, 1974 Warns 20 years to compile. Printing was limited to 500 copies. Warns described in great detail the story of banking in the Territory and State during the period 1865-1935. Charles Colver of California was named the first "Numismatic Ambassador" by Krause Publications in 1974. Charley began collecting at the age of seven, and formed a remarkable collection of California National Currency notes. His qualities set the standard by which modern candidates for the honor are judged: Extraordinary leadership abilities, devotion, sincerity, patience, perseverance and the ability to get things done. Charter Member Thomas F. Morris II passed away in March. He was the son of Thomas F. Morris, a stamp, bank note and security designer at the American and Homer Lee Bank Note Companies. In addition, the senior Morris served for five years (1893-1898) as Chief of the Engraving Division of the Bureau of Engraving and Printing. His son carefully preserved unique design material of his father, and shared it by written word and SPMC member William H. McDonald was recognized by the Canadian Numismatic Association with its J. Douglas Ferguson Award. McDonald was cited as "the prime organizer and first president of the Canadian Paper Money Society, serving in that office from 1964-1969, guiding the Society through its formative years, and insuring it was established on a firm foundation." Apparently Editor Barbara Mueller did not entirely enjoy the ANA convention that year. She wrote an editorial, correctly resenting the description of small (compared to the ANA) organi- zations as "splinter groups." The 1960s and 1970s spawned many of these specialized organizations, most of which held their annual meetings during the ANA convention. Ms. Mueller bemoaned the fact that most of the meetings of "splinter groups" were sched- uled for the same time, therefore depriving many collectors of the chance to visit with "sister" organizations. In particular, she was disappointed that she could not attend the IBNS meeting, featuring a presentation by that group's presi- 24 January/February 2001 • Whole No. 211 • PAPER MONEY i.,J.,,.•r -. t,,\.. .,-• 10 W. .. ,*...' - -..1 ., .. • '' s, , dent (and SPMC member) Mrs. Ruth Hill. Ms. Mueller expressed the hope that SPMC would consider holding its annual meeting at a state or regional show. Fortunately, we didn't have to wait much longer. (I wonder if Mike Crabb and the members of the Memphis Coin Club read her column.) At the time, ANA was receiving a complimentary subscrip- tion to Paper Money. When annual dues notices went out that Fall,. the ANA's notice was marked "Complimentary," but the organization sent in a check for $8 anyway. After consultation with SPMC Secretary Vernon L. Brown, Society Treasurer M.O. Warns "decided to take their money ... in view of the treatment SPMC has experienced." The ANA Library was made a regular member of SPMC. In 1992 ANA converted to Life Membership in SPMC. In 1975, the new SPMC logo was featured on membership cards for the first time. The cards were printed for SPMC through the cour- tesy of the American Bank Note Company, and feature a latent image. The image is the date of the SPMC founding, 1961, and can be found in the rosette by holding the card at eye level and rotating it slowly. It is believed that SPMC is the only orga- nization in the world with such a membership card! Paper Money editor Barbara M. Owen Warns requests data for the Society's 1929 Nationals project. - . - , . 1•7 0‹......1' 'a 1 i ..: Top L-R: Peter Huntoon, M. Owen Warns, Earl Moore, Warren Henderson. Bottom L-R: Floyd Janney, George Hatie, John Morris; Vernon L Brown. Mueller issued a plea for news and information about world paper money, as well as a request for articles about world topics from members. Charter Member Nathan Goldstein continued his regular column, "The Federal Reserve Corner." This was a popular feature, as members reported new districts issuing notes, and (as always) the many error notes which slipped past the inspectors at the BEP. As the Bicentennial approached, more interest was shown for Colonial and Continental notes. Don Kelly described and illustrated a rare New York counterfeit in his first article ever in our journal. Other fine articles this year came from Charles E. Kirtley, Virgil Culler, and Gene Hessler. In February, 1975, SPMC member Stanley Morycz, who was also Philatelic Director for Paramount, published an article on the benefits of SPMC mem- bership and an application in the Paramount Journal. His effort netted SPMC 30 new members. About the same time another article in Coin World "swamped" Secretary Brown with appli- cations, he said. The fourth book in the Wismer Project series was published in 1975. Minnesota Obsolete Notes and Scrip, by R.H. "Rocky" Rockholt, provided ANA -27042 SPMC-35 NATIONAL EI ANK NOTES April 5, 1984 Steven Whitfield, 407 Cumberland Drive Huntsville, A1.35803 Steven, i±esponse to your adv., in Paper Mon y I should like to inquire about 2 R.I. notes, namely - 1284 Warwick $5, Ty-2 cies - 00 13901 Prov. $50. Ty-2 cies - 110 3 In the ongoing study of the small size National Hank Notes we nave all notes sur- acdd except the 2 notes listed above. All I would like to know does both or one of the notes exist. I don'd care to know who would owns them, I want to know if you have ever seen or heard of these 2 notes. M. OWEN WARNS NLG Appreciatively 5920'W FILLMORE DR. MILWAU E, NRS. 53219 7/, AVIRIA2gg.c (WW//////' /( , ////// ,!5 ) 4 / Congratulations SPMC And Thanks for the Memories O Thanks for the many new friends I've met 0 Thanks for the Greats like Tom Bain, Amon Carter, George Wait, Bob Medlar, Grover Criswell, Glenn Jackson, and a host of others O Thanks for the laughs and the good times we have shared O Thanks for all the dealers whose friendship, perseverance, and patience is appreciated 0 Thanks for all the collectors who share my collecting passion 0 Thanks for Memphis and the other shows where it all comes together 0 Thanks for all those neat notes that I rationalized I could somehow really afford O Here's to Forty More! Always Interested in Obsolete Notes and Scrip and related items such as checks, drafts, documents, printing plates, bank histories and the like from Ohio, Indiana, and Illinois Collector prices paid for items that I need. Write or e-mail me with what you have to offer (a photocopy or scan helps immensely) for an immediate response. Wendell Wolka P.O. Box 569 Dublin, OH 43017 E-mail : PURDUENUT C aol.com PAPER MONEY • January/February 2001 • Whole No. 211 25 L OUT THIS ORDER BLANK! Place your order now and save $3 on a copy of the new SPMC book by M. OWEN WARNS The Nevada "Sixteen" National Banks and The Mining Camps That Sired Them At the pre-publication price of $12.00 only to our membership. Members price on publication will be $15.00. Numismatic News WEEKLY PHONE 715 445-2217 IOLA, WIS. 54945 June 9, 1972 Society of Paper Money Collectors P. 0. Sox 8984 Fort Lauderdale, Fl. 33310 Dear Vernon: The labels we received were in fact ungummed, however we were able to use them. I believe all elements of the program were met time-wise so no harm has been done. It is my understanding we are paying for renting the list so please forward your billing to us. Chester L. Krause Publisher CLK/mm 26 January/February 2001 • Whole No. 211 • PAPER MONEY much-needed information and illustrations about many elusive notes and banks in that state. Brent Hughes contributed a wonderful article about a note that is still unknown -- the Confederate $10 Manouvrier. Albert Pick educated us about the Government Notes of Bavaria. Peter Huntoon shared his joy in finding what he called The Ultimate Wyoming Territorial Note, a $2 Original Series note issued by the Wyoming National Bank of Laramie City. Richard T. Hoober Sr. submitted the first installment of The Financial History of Colonial Pennsylvania. Another nice article about world currency came from distinguished numis- matist Dr. Michael Kupa of Hungary, describing Serbian banknotes over- stamped by the Austro- Hungarian Monarchy. Steven K. Whitfield was a regular contributor at this time; many fine articles about banks, hankers and paper money from his adopted home state, Kansas, were appearing in our jour- nal. Gene Hessler, who was curator of the Chase Manhattan Bank Numismatic Collection, created 65 two-minute vignettes entitled "Money Facts." Several radio stations in New York were airing the programs. To illustrate the growth of our journal, the September/October 1975 issue was 56 pages, and contained sig- nificant articles by 20 different authors, covering U.S. currency from Colonial times to the present, and several solid articles about world paper money! Former SPA/IC Governor and well-known dealer Maurice M. Gould passed away in November. He was an early member and active booster of SPMC. The year 1976 marked the 15th year of Paper Money. C. Turner, G. Ton, Jr., N. Shafer, M. Carter, R. Ekeblad, J.R. Lasser, C. Kemp, F. Schwan and others contributed articles. President Bob Medlar, who had taken the Society's reigns the previous summer in Los Angeles, vowed to expand the SPMC's network of regional meetings based on his experience with annual get-togethers of SPMC members at recent Texas Numismatic Association conventions. The fifth book in SPMC's Wismer series was introduced at the annual meeting in Los Angeles. Mississippi Obsolete Notes and Scrip by L. Candler Leggett had been anxiously awaited by many collectors. As with the previous books, no values were placed on notes; rather, a rarity scale was applied uniformly throughout the book. Contributors to the book included some stellar names from the SPMC membership, including Byron Cook, Dr. D.C. Montgomery, Fulton Thompson, Richard T. Hoober Sr., Frank Hannah, Grover Criswell, Paul Garland, George Wait and Roy Pennell. Leonard Finn an- nounced the proposed for- mation of a currency collec- tor's club for the New England states, and asked anyone interested to contact him. The Currency Club of New England is now one of the most active regional paper groups in the world. SPMC member Philip A. Pfeiffer published a book entitled Pensacola's Currency Issuing Banks and Their Bank Notes, 1833-1935. M.O. Warns provided the first centerfold for an issue of Paper Money, a reproduction of the stock certificate of the Centennial International Exhibition in Philadelphia in 1876. His 12-page article also illustrated the Visitors' Certificate, tickets purchased by visitors to the Exhibition, notes from and informa- tion about the two National Banks chartered in Philadelphia and Virginia, Illinois, which chose Centennial for their name. Stunning news appeared very subtly in the May/June issue. Long-time Editor Barbara R. Mueller announced her resignation from that office due to a sudden deterioration of her health. She Above: an order card for M. Owen Warns' 1974 SPMC book. Left: Chet Krause writes Society Secretary Vernon L. Brown about a mailing matter. reminded the membership that when she took over in 1964, Paper Money contained only 28 pages per issue, and was only published four issues per year. The May/June issue contained 68 pages, and was one of six issues for that year! Because of the resignation of Ms. Mueller, the July/August and September/October 1976 issues of Paper Money were combined, the only time that's been done. Doug Watson introduced himself to the membership as the new Editor. Watson began his career on the staff of a newspaper in Monroe, Wisconsin. He was later employed by Krause Publications beginning in 1964. He held positions in the advertising department, and was later promoted to art director. He left Krause in 1974 to form his own company, Watson Designs. At the time he took over as Editor of Paper Money, PAPER MONEY • January/February 2001 • Whole No. 211 27 Clockwise from above left: Bob Lemke, Arlie Slabaugh, Neil Shafer models his lengthy short-snorter, Bob Charles, Chuck O'Donnell, and "Twin Smokestacks" Tom Bain and Anion Carter. Watson was also producing the journal of the Civil War Token Society and TAMS Journal. (This is somewhat ironic remembering that SPMC had once been part of the STM & OPMC, which became The Token and Medal Society [TAMS] after the ragpick- ers bolted to form SPMC!) The first issue with Watson at the helm contained articles by Hessler, Hughes, Warns, Johansen, and a new (to SP/VIC) author, Walter Breen. Noted researcher Breen began a series of articles entitled "New Looks at Old Notes," with a nine-page detailed look at our first Greenbacks. Hughes' contribution was the first of several articles the prolific author has written about the bogus Confederate notes produced by Philadelphian Sam Upham. Approximately 125 members attended the SPMC luncheon held during the ANA Convention in New York in August. George Wait announced that his book about New Jersey money would be available for purchase about six weeks later. The speak- er for the meeting was Eric P. Newman, who discussed paper money and scrip of New York from Colonial times to the Civil War. Austin Sheheen, publisher of Bank Note Reporter, offered the Society a page in his publication monthly for publicity and recruitment. Part II of the Huntoon article about Basic Plate and Overprint Varieties on 1st and 2nd Charter Nationals appeared in the last issue of 1976, including much data uncovered by W.K. Raymond. I've talked with Peter extensively about the time he has spent going through the currency ledgers and the files of the Comptroller of the Currency; I'm not sure I would have been up to the task. However, I think Doug Walcutt must have been stim- ulated by the publication of this research, as he has accumulated an enormous amount of additional information in recent years that builds upon Huntoon's first articles. 1111111b ...... .. -tiv, .1 - • , -. .• , - .. . 4,- . ...' P ''.. 17.7 0-04F . ,t.' 444F' r ' 771'14 \t ' -" - .., 4 '. ,.. .... - hilt January/February 2001 • Whole No. 211 • PAPER MONEY28 At left from top: Dewitt Prather (top); Homer Brooks; BEP Director Robert Leuver displays the 1984 SPMC ANA Souvenir Banquet ticket; Doug Murray and Joseph Mikolajczyk; J.T. Walker Ill; Ralph Osborn; Dr. Mikaly Kupa; Doug Watson. Above: Yasha Beresiner; and Byron Johnson. SPMC President Bob Medlar announced that beginning with the first issue of 1977, Paper Money would be printed by the offset method. This change would give the Editor more versatility in layouts, photo reproductions and overall graphic design. Our advertisers would also benefit because the ads would no longer need to be engraved! Seven regional meetings were announced for 1977, and we were up to member 4831. Another small article announced the creation of a new show: "Memphis Coin Club to host First Paper Money Convention!" Our "splinter group" was about to have a home of its very own! Articles in the March/April issue came from Breen, C. Kemp, Warns, and Kirtley. In May/June, we heard from Breen, Burgett, John Isted, S. Roakes, B. Adams, Dr. N. P. Aspen, and, for the first time, Roger H. Durand. Durand's byline would be seen often in Paper Money over the coming years. Roger has an outstanding collection of obsolete currency, and he has researched and written about notes for more than 30 years. His first piece for SPMC was entitled, "Pssst, Got Change for an Eight?" it included an illustrated listing of all the denominations of obsolete notes and scrip that he had recorded, ranging from 1 cent to $20,000. As promised, SPMC co-published New Jersey's Money, writ- ten by one of the group's founders, George AV Wait. This book is different from the others in the Wismer Project series. In addi- tion to a marvelous listing of New Jersey's obsolete currency, it includes a history of money and banking in the state, as well as an updated listing of Colonial New Jersey notes. It also contained a complete list of New Jersey's National Banks (with charter num- ber, charter year, and all the types of notes issued by the respective banks). Finally, the book contained a listing of all New Jersey Depression Scrip. This issue, by the way, features on the back cover the famous Upside-Down advertisement by the late William P. Donlon. He had been denied a table at the ANA Convention, so he placed his photograph upside-down in his ads to call attention to his protest. Co an &to, 06 seitoen, the co/lecten, a6ellow colleete,i/ '66a3tele?, PAPER MONEY • January/February 2001 • Whole No. 211 29 We celebrate your forty years of promoting education and respect for our financial history Thank you for the privilege of partnership EAB® There's a reason people bank here_ IMEMPZENOMIELM CZYc-&—c--, Society of (-6--;616- Taper Money Collectors certifies that is a member for the year 19 a No, INWM6iIRMi6M Tam11 I I 1 I 0I "M- Early style membership card signed by first Secretary George W. Wait. 30 January/February 2001 • Whole No. 211 • PAPER MONEY ABNCo provides SPMC members with unique ID cards By Fred L. Reed III, #4912 At its 1973 annual board meeting, Secretary Vernon L. Brown recommended that the Society emblazon its new emblem on its membership cards. Later in the meeting, President J. Roy Pennell Jr. "announced that the American Bank Note Co. was going to donate to the society 12,000 steel-engraved membership cards showing our emblem" and an intaglio printing plate. The following year, when the Society met for its annual meeting in Bal Harbor, FL, President Pennell "showed the board a xerox copy of the membership card which the American Bank Note Co. has printed for us and which will be available by October, when dues for 1975 will be accepted. The ABNCo will provide the Society with enough cards to last us for several years." Officers were inpatient for the new cards to arrive. On Oct. 2, Secretary Vernon L. Brown wrote President Pennell: "Where? Where are the 1975 mem- bership cards promised by ABNCo?" Two weeks later, Brown finally received 2,520 of the new cards printed intaglio in #42 Green ink. On Oct. 22, Secretary Brown forwarded a specimen of the cards to President Pennell, saying "You indi- cated that the organization date, 1961, was going to be in the green seal, but durned (sic) if I can find it." He also forwarded samples to other members of the Executive Board. On Oct. 24 M. Owen Warns wrote Brown: "Cards are nice. Should have 1961 on them." Pennell replied on Oct. 31. "Dear Vernon, the 1961 is in the rosette at the left. Hold the card just below your eye level and rotate the card slowly. It is easier to see in sunlight. "This [is] a type of security printing known as a 'latent image.' We are probably the only organization in the world with this on our membership cards." On Nov. 12 Brown wrote to Warns, explaining to him Pennell's description of the guilloche. "I tried this and by holding [the] card below eye level I could see '1961.'" Brown noted. Several days later Brown wrote to Pennell that he was preparing to write to Editor Barbara Mueller, passing along information on the new membership card along with "an appeal for payment of 1975 dues, for publication in the January issue of Paper Money." Editor Mueller published a photo of the new card on page 29 of the Jan/Feb issue. "We are indebted to our President, J. Roy Pemiell Jr., for arranging with the American Bank Note Co. to furnish these engraved cards," she wrote. She also printed Brown's explanation of how to view the latent image. "Don't you want one of these new membership cards?" she asked. "Then mail your dues now," she added. The next fall, Past President Pennell wrote the new Secretary Harry Wigington on Nov. 26: "I have checked with the ABNCo and they are going to send you about 2,600 mem- bership cards for 1976. They will be unsigned, so you can hand sign them or get them off-set printed with your name and 1976." He then warned, "Be sure to remember to stamp the Charter Members cards in red. Some members con- sider it a personal affront if this is not done." On Dec. 7 with renewals piling up, Wigington wrote Pennell that he had "not received new cards from ABNCo, so am having to use old cards, which I am stamp- ing over Vernon's name with mine. Not as nice," he wrote. Four days later, Pennell responded that he would con- tact ABNCo about the cards. On Dec. 29th some cards finally arrived, but due to a mis-communication Vernon Brown's name was imprinted on them again, leaving a dis- gruntled Harry Wigington to overstamp his name on additional cards as well. By the March/April Paper Money, the situation had not improved. "There will be a temporary delay in the mailing of the 1977 membership cards to the members who have paid their dues," Wigington wrote. "This is a result in the delay of the cards from ABNCo," the frustrated officer added. In 1979 the card supply was running short. New Society President Wendell Wolka called J. Roy Pennell on Sept. 24 and instructed him to "have 6,000 membership cards done up. Del's (Secretary A.P. 'Del' Beaudreau) signature copies are enclosed. Let's just put `19--' of the year on the cards." Wolka also informed the SPMC Secretary that "Roy said he'd get right on this. Try to hold out!" Pennell responded to Wolka on Oct. 4. "Dear Wendell, the ABNCo had 7,900 membership cards. They are sending them all to Del Boudreau. This should last us three years." Cards were actually shipped on Oct. 23. The count according to the ABNCo shipping ticket was precisely 7,875 cards. In October 1986 new Society Secretary Bob Cochran wrote to President Larry Adams that he had received "several thousand membership cards" from predecessor Gary Lewis. Shortly thereafter, Cochran sent 2,000 of the cards pre- signed to the Paper Money printer, Dover Litho for inclusion in the magazine with the dues renewal mailing. Due to a computer glitch, membership cards were inadvertently mailed to ex-members, too. Cochran had to furnish additional cards to the mailer to take care of the needs of current members. In recent years as the supply of ABNCo cards has dwin- dled, the Society has opted not to send annual cards to renew- ing members. Then Secretary Bob Cochran raised the issue QUART. DESCRIPTION TITLE SOCIETY AMERICAN BANK NOTE COMPANY SHIPPING TICKET OFPAPER MONEY COLLECTIONS , INC. ORDER NO. 2-9359-479 CURT NO. SHIP TO , • I P.O. BOX 8984 FORT LAUDERDALE ,FLORIDA ATTN. MR . VERNON L. BROWN el 33310 , SECTY. Dff710/74 ADVICE TO PARCEL POST INSURED SHIP VIA PARCEL POST INSURE FOR 000 1/ON SOCIETY OF PAPER MONEY COLLECTORS , INC. MEMBERSHIP CARDS IN 42 GREEN — LOT 1 — 2520 G1'-!' /1 7 - I PAETEL SHOP SENT UNLESS ADVICE TO THE CONTRARY IS RECEIVED WITHIN 15 DAYS FROM DATE OF DELIVERY, THE DESCRIPTION AND QUANTITIES OF AFORESAID MATERIAL SHALL BE DEEMED TO-BE, -CORRE.1 . ABNCo ships the first of its unique membership cards to SPMC. IS A MEMBER FOR THE No SOCIETY OF PA PER MONEY(Amur -roils INC. One of 24,000 SPMC membership cards bearing Secretary Bob Cochran's signature during the 12 years he served in the position. PAPER MONEY • January/February 2001 • Whole No. 211 31 in the March/April 1996 Paper Money. "Has the annual membership card outlived its usefulness?" he asked. Currently only new members receive the unique intaglio card. This has given rise to numerous complaints from veteran members, many of whom save their society cards from year to year. The board discussed acquiring durable onetime plastic cards for annual members, but deter- mined instead to offer members the option of purchasing plastic name tags instead. Life Members Secretary Vernon L. Brown was an early proponent of instituting a Life Membership category. As early as 1973, he proposed a conversion fee of $500 for regu- lar members with at least five years good standing with the Society. It took another decade for that view to be shared by a majority of Board Members, despite appointing Forrest Daniel to chair a LM Committee in 1975, and Roger Durand a second committee in 1981. The Board finally instituted the Life Membership category in 1983 and established a fee of $300 to generate sufficient revenue to provide services to the member annually thereafter. Initially, a Life Member conversion retained his/her original membership number, preceded by the designation LM. Thus hypothetically member #3333 became LM3333 upon payment of Life Membership fee. This led to dissention from some Life Members who felt that a separate LM numbering system ought to be instituted. At a Board Meeting, Governor Toni Denly forcefully argued in favor of a separate LM numbering system. Establishing new, low LM numbers would serve as an incentive, Denly felt, and members who converted would eventually take pride in the seniority of these low LM numbers. Denly's argument was persuasive. The Board agreed with his premise, and the entire system was overhauled. Since Denly had been the first one to step forward and pay his Life Membership fee, he was accorded LM1. Other num- bers were reassigned similarly. Several members were allowed to receive special numbers significant to them, and remaining num- bers were assigned by lottery. At its Nov. 14, 1986, Board Meeting at the St. Louis Paper Money Show, dis- cussion centered on furnishing Life Members with a different type of membership card. Ron Horstman was instructed to look into the feasi- bility of an engraved metal LM card. The Executive Board also approved LM certificates at the meeting. Commencing in January, 1987, Life Member numbers were generally assigned chronologically according to when the entire fee was paid. The following June, 1987, at its Memphis Board Meeting, Roger Durand circulated a proposed design for metal Life Membership cards. The board voted to purchase 150 of these cards at that time. These cards were made by Trophy House, Grand Forks, ND, which had produced Society awards and had our logo. Initally Life Member fees were deposited in the Society's general accounts. Ron Horstman, among others, recognized that these funds should be segregated into a separate interest- bearing account to generate the necessary annual revenues to subsidize Life Member services, such as Paper Money. Over a several year period, Horstman actively and successfully cam- paigned to force transfer of sufficient funds into such an account. Finally at its June, 1990, board meeting Treasurer Dean Oakes reported that the LM Fund was at par. At its 1992 Memphis Board Meeting, it was reported that an anonymous donor had contributed funds to purchase an additional 50 engraved LM cards. The Board adopted the policy of furnishing cards only if LM was paid IN FULL. At that meeting the Board also voted to recognize annually those members who enjoyed 25-year con- tinuous memberships with certifi- cates. At its 1997 St. Louis meeting, Gene Hessler noted that paid up LMs are eligible for two souvenir cards as a bonus. In late 1997, the Board was apprised that the $300 fees no longer generated enough income to fund LM's benefits. They raised the fee to $500 commencing in 1998, and also raised fees for international LMs. • SOCIETY OF PAPER MONEY COLLECTORS INC. HOB MEDLAR - 220 Alamo Plaza San Antonio, Texas 78205 ROBERTEEuNEOUR VICS.PRESIDENT ERIC P. NEWMAN HAPPY T.UltV0 TON TREASURER G. JOHN FERRERI EDITOR MISS BARBARA R. MUELLER BOARD OF GOVERNORS LARRY ADAMS THOMAS C. RAIN VERNON FORREST W D BROWN ANIEL DAVID A. HANES kniuAM J. HARRISON ROBERT E. MEDUR ERIC ',NEWMAN GJIARLES O'DONNELL J. ROY PENNELL. JR GLENN B. SMEDLEY GEORGE W. WAIT M. OMEN WARNS MARRY G. WIGINGTON WENDELL WO“A December 18, 1977 Roy Pennell P. O. so. 858 Anderson, S. 1. 29622 Deer Roy; With considerable regret I received your letter of the 10th of December, wherein you resigned as Publisher for the Society of Paper Money Collectors. You have given 13 years of hard dedicated work in controlling our publica- tion, Paper Money, shipping the back issues of Paper Money end storing and shipping all our books. For this, I know the entire membership will join me in saying "Thank You". ,,N.1.01 1 IS /SAE SI MEMEMS St/IYm January/ February 2001 • Whole No. 211 • PAPER MONEY At left from top, Bob Medlar accepts J. Roy Pennell's resignation as Paper Money publisher; Ron Horstman, Mrs. Ruth Hill, and Mike Crabb at a Memphis show opening; Ed Fleischmann, Tom DeLorey, and John Hunter examine a paper money souvenir card. "He claims he's not a collector, but the senior vice president of the American Bank Note Co., has the CB handle of `Ragpicker' and his educational forum address at the first annual Memphis all paper money convention attracted a standing room only audience. "Even though he also claims 'all collectors are crazy,' there was good reason for the hundred-odd collectors to turn out for Robert (Bob) Charles' talk -- he brought along his slides, offering an inside look at his company's facility and products, both past and present." --Fred Reed, Coin World, June 22, 1977 Another member who has submitted many articles to Paper Money made his first contribution in 1977. Ronald L. Horstman related the tragic story of the Steamer Ruth. In 1863, this steam- er was carrying 52.6 million in Legal Tender Notes to be paid to the Union troops serving under General Grant. A fire broke out on the ship, and 26 people, including the paymaster and two clerks assigned to guard the currency lost their lives. The only surviving trace of the currency was two fragments, which now reside in the collections of the Missouri Historical Society. A recap of the first International Paper Money Show in Memphis was included. According to all present, the Memphis show was fantastic, superb, (and) long overdue. Mike Crabb and the Memphis Coin Club attracted about 80 dealers and nearly 950 collectors. SPMC hosted a luncheon which was well attended, and Grover Criswell chaired an educational forum. President Bob Medlar made up special pins for Society officers to wear. He encouraged their use in Memphis and at ANA that summer. As members who attended those early Memphis Shows can attest, Past Society President Tom Bain and fellow Texan, Amon Carter Jr., both smoked very large "stogies." They had adjoining tables right inside the entrance door to the bourse room. Attendees had to walk down a very long hallway from the hotel proper to reach the bourse and exhibit area. Upon turning left right inside the entrance, the first impression one got on entering the room was a memorable view of the "Twin Smokestacks." Bob Charles of the American Bank Note Company presented a slide program featuring items from the company's archives, which elicited much groaning and salivating among the audience. Nathan Goldstein recounted some of the milestones in the history of collecting paper money. The attendance prize, a Crisp Uncirculated Series 1929 note from the Union Planters National Bank & Trust Co. of Memphis, was won by (appropriately, in my opinion) one of SPMC's (a) founders and (b) most dedicated members, George W. Wait. The only complaints heard were that the show only lasted two clays! SPMC had a table at the entry to the bourse area, which was ably staffed by Wendell Wolka and others. They signed up 10 new members for SPMC. Supplement IV of "1929-1935 National Bank Note Varieties" appeared. M.O. Warns reported 654 previously unknown notes accounted for by members in about 18 months. Seymour Kashin wrote about the unusual "Project Turnkey" scrip. The U.S. government hired Walter Kidder Construction to build an airbase in South Vietnam; part of the deal was that Kidder was required to pay its employees 5% of their pay in scrip. These notes became a footnote to the Vietnam War. 32 WE ARE ALWAYS BUYING • FRACTIONAL CURRENCY • ENCASED POSTAGE • LARGE SIZE CURRENCY • COLONIAL CURRENCY WRITE, CALL OR SHIP: _TO) riT) On frJ `V1710 TO? 1-0 .;) cr JL Inc. LEN and JEAN GLAZER (718) 268-3221 POST OFFICE BOX 111 FOREST HILLS, N.Y. 11375 • N, \ SI( «)1.1 I.( I ()RS -7,.`; rel Za7: Charter Member PAPER MONEY • January/February 2001 • Whole No. 211 33 &fah) of Pap.) Money Colladom APPLICATION FOR M Check One q REGULAR, 18 years of age or olde NAME STREET. or P.O. BOX CITY, STATE & ZIP OCCUPATION NAME OF COMPANY SIGNATURE Signature of Parent or Society 4 Papa money Colled000 DUES 5r 1976 Payable in U.S Fund, Please re.t promptly. Payable lama, I and not later titan April 15. 1976 if you do no sa,5 your membership to expire. If you have already paid your 1976 dues please disregard this notice. MAPCO 17[1.1,TANCE PAYAOLO TO Sant! o8 ONao Immuy cdkame I 1 COLLECTOR q DEALER q BOTH SPECIALITY Paper Money Specialities only MEMBER OF WHAT NUMISMATIC ORGANIZATIONS SPONSOR, SPMC MEMBER of REFERENCES DUES: REGULAR &JUNIOR, $10.00 WITH THIS APPLICATION. This includes $2.00 initiation fee. Succeeding years are $8.00. Dues are payable in U.S. Funds . Make remittances payable to: SOCIETY OF PAPER MONEY COLLECTORS Mail Application and check to.. Harry G. Wigington, Secretary P.O. Box 40821 Harrisburg, Pa. lh 1 I SPMC application and dues renewal envelope from the 1970s. Total International 25% 34 January/February 2001 • Whole No. 211 • PAPER MONEY Our Membership: Who were we? Who are we now? By Fred L. Reed III, #4912 Over its four-decade history, SPMC members' interests have changed dramatically, reflecting the changing nature of our hobby itself, according to a straw poll of new members' interests as reflected on member applications 40 years apart. When SPMC began, the nation was in the throes of a five-year-long Civil War Centennial celebration. Our hobby and many early Society members shared an intense interest in that great historical epoch. Authors like Grover Criswell catered to this appetite, and large numbers of early SPMC members collected Confederate and Southern States notes. Twice as many new SPMC mem- bers expressed that interest then (one in five) compared to recent members entered on the Society's rolls (one in ten). Today these new members are much more likely to be interested in America's "Home Town" bank notes, National Currency from their own areas. One in seven new SPMC members today collects Nationals. That's three times as great an interest in Nationals today as four decades ago (one in 23). No doubt, the great NBN references which have appeared during that time, including several published by SPMC, have helped to spur on that interest. The composition of the Society has changed in other ways over the past 40 years. Slightly more new members rep- resented themselves as dealers or collector/dealers in 1961 than forty years later. Many fewer new members express an interest in foreign materials of late. It was one in four. Today it is one in 10. The falloff in Canadian interest among new SPMC members is notable. The strength of other collectors groups catering to the international collector no doubt accounts for part of this change. Collectors of obsoletes have become much scarcer, too, even though SPMC has expended a great deal of effort in that genre as have other authors. They were one-in-two of new members. Today only one-in-four express that interest. The biggest growth, not unexpectedly, has been in the Federal currency arena. When SPMC was founded only one in five had an interest in Federal currency. Today it's nearly two in three. Then as now Large Size type notes and Fractional Currency were popular, but great growth has visit- Charter Members (343) of SPMC were: Collectors: 269 80.5% Dealers: 23 6.7% Collectors & Dealers: 42 12.5% No preference: 9 Collecting interests indicated by Charter Members of SPMC: U.S. exclusive: 219 70% U.S. and foreign: 44 14% Foreign: 49 16% No preference: 31 U.S. general: 92 U.S. General: 30% Colonials & Continentals: 14 CSA: 36 Southern State: 26 Obsoletes: 66 Uncut Sheets: 4 Encased Stamps: 1 Fractionals: 14 Silver Certificates: 5 FRNs: 1 NBN: 15 Small Size: 12 Large Size: 19 Errors: 1 Total U.S.: 306 Worldwide/Foreign General: Canada: 11 Mexico: 3 Latin America: 5 Caribbean: 1 British: 2 japan: 2 Chinese: 3 Russia: 1 Malaya: 1 Borneo: I Australia: 1 Poland: 1 Baltic States: 3 Finland: 1 German: 1 Saudi Arabia: 1 Israel: 1 World War II: 8 Total foreign: 86 Total Obsoletes: 48% Total U.S. Federal: 22% SPMC Governor David A. Hakes gets the Society some publicity in a television interview with 39 Audrey Creecy. Colonials & Continentals: 12 CS A: 21 Southern State: 10 Obsoletes: 27 Uncut Sheets: 1 Encased Stamps: 1 Checks: 5 Stocks & bonds: 4 Fractionals: 24 Silver Certificates: 11 FRNs: 3 NBN: 45 Small Size: 39 Large Size: 55 Errors: 10 MPC: 6 Gold Certificates: 5 FRBN: High denominations: 2 The Lore of PAPER MONEY tf SOCIET Y PAPER MONEY Cglig:CTORS At left, an SPMC brochure from the 1970s. Below 1960s SPMC Secretaries George W. Wait and Vernon L. Brown Top Recruiters One Key To Society Growth 1961 1962 1963 1964 1965 Nathan Goldstein 1966 Nathan Goldstein 1967 1968 1969 1970 Nathan Goldstein (59) 1971 David A. Hakes (159) 1972 David A. Hakes (28) 1973 David A. Hakes (42) 1974 David A. Hakes (67) 1975 David A. Hakes (28) 1976 David A. Hakes (23) 1977 Bob Medlar (28) 1978 Bob Medlar (48) 1979 Bob Medlar (49) 1980 1981 1982 1983 1984 1985 Larry Adams (49) 1986 John Wilson (C) (21) Richard Balbaton (D) (19) 1987 Richard Balbaton (D) (37) John Wilson (C) (29) 1988 Richard Balbaton (23) 1989 Bob Cochran (33) 1990 Tom Denly (30) 1991 Ron Horstman (32) 1992 Ron Horstman (43) 1993 Tom Denly (36) 1994 Stanley Morycz (46) 1995 Stanley Morycz (87) 1996 Stanley Morycz (26) 1997 Frank Viskup (33) 1998 Frank Viskup (21) 1999 Frank Viskup (40) 2000 Tom Denly (60) PAPER MONEY • January/ February 2001 • Whole No. 211 35 ed such specialties as Error notes, Star notes, Web notes, MPCs, and Small Size type during this period. Additional collectors have taken up Gold and Silver Certificates, Federal Reserve Bank Notes and Federal Reserve Notes. All of this interest is reflected in popular books catering to and helping abet growth in these arenas. Numbers such as these are more than merely interesting. They are important to the Paper Money Editor when planning issues of our journal. We are constantly on the alert for excel- lent worldwide topics, while continuing to present our "bread and butter" genre. As always, if you haven't seen your special- ty in these pages recently, pick up your pen and write! As the numbers show, others will be interested in your expertise. These numbers are also important to your Society Officers and Board when implementing programs for the membership. Our Society needs to continue to reflect its members' interests to remain relevant. As those interests evolve, so must the thrust of our organization. Most recent members (327) of SPMC are: Collectors: 245 81.4% Dealers: 10 3.3% Collectors & Dealers: 46 15.3% No preference: 26 Collecting interests indicated by recent members of SPMC: U.S. exclusive: 199 85.7% U.S. and foreign: 18 7.8% Foreign: 15 6.5% No preference: 105 US general: 40 U.S. General: 12% Total Obsoletes: 24% Total U.S. Federal 64% Web notes: 4 Star notes: 4 $2 s: 3 Serial #s: 3 Total U.S.: 336 Worldwide/Foreign General: 14 Total International: 10% Canada: 3 Germany: 4 France: 1 Britain: 1 Baltic States: 1 Greece: 1 Ethiopa: 1 Other foreign: 9 Total foreign: 35 Rising majestically above the fabled Mississippi River, the Riverrnont Holiday Inn has 525 roomy guest rooms and 25 regally appointed suites. The only thing missing in j Memphis' largest luxury hotel is the cost- ; rates are tailored to the vacationing family and the traveling businessman A true convention hotel as well, the Rivermont can f accommodate meetings up to 2000 persons in Holiday Hall, an adjacent mini-convention center, or can seat up to 1600 for a banquet 1, The favemont is easily accessible from two major interstate highways, Memphis International Airport and bus lines. Make your visit to Memphis memorable plan your stay at the Rivermont. January/February 2001 • Whole No. 211 • PAPER MONEY36 At left from top, John Hickman emphasizes a point; Amon Carter and John Rowe; Dr. Glenn Jackson, Jack Vorhies, and Gene Hessler. At bottom, Memphis' Rivermont Holiday Inn hosted the first International Paper Money Shows. "'The way to have a short Winter is to have a big note due in the Spring,' John Hickman told attendees at the SPMC annual banquet Aug. 25, 1977, during the recent ANA convention in Atlanta, GA." --Fred Reed, Coin World, Sept. 14, 1977 At the Board meeting during the ANA, George Wait announced the publication of Maine Obsolete Paper Money and Scrip. Bob Medlar said that future Board meetings would be held during the paper money show in Memphis, and that the annual clues had been raised to $10. Coin World was credited for produc- ing 42 new members, and Bank Note Reporter another 18. Byron Johnson announced that the ANA Certification Service (ANACS) would begin to authenticate certain types of paper money as time, technology, and other circumstances per- mitted. In essence, all currency issued in the U.S. would be accepted, except notes covered by the counterfeiting provisions of the U.S. Code; this meant that no issues of the current U.S. Government would be accepted for authentication. The last issue for 1977 featured works by G. Doster, J. Lasser, M. Carter, and S. L. Smith. Wismer project coordinator Richard T. Hoober Sr. was forced to resign that position, due to increased activity at his business. Wendell Wolka graciously agreed to replace him. PAPER MONEY • January/February 2001 • Whole No. 211 37 Happy Anniversary, SPMC! Lyn Knight Currency Auctions is the leading auction company in U.S. currency. Whether you're buying or selling notes, when you deal with If you are buying notes... You'll find a spectacular selection of rare and cuiusual currency offered for sale in each and every Lyn Knight Currency auction. Our auctions are conducted throughout the year on a quarterly basis and each auction is supported by a beautiful "grand format" catalog, featuring lavish descriptions and high quality photography of the lots. Annual catalog subscriptions (4 catalogs) are $50. Make check payable to Lyn Knight Currency Auctions. Lyn Knight, you deal with the very best. If you have a question about currency, call Lyn Knight. He looks forward to assisting you. If you are selling notes... Lyn Knight Cm-rency Auctions has handled virtually every great United States currency rarity. We can sell all of your notes! Colonial Currency... Obsolete Currency... Fractional Currency... Encased Postage... Confederate Currency... National Bank Notes... Error Notes... United States Large and Small Size Currency, as well as Military Payment Certificates (MPC), Canadian Bank Notes, and scarce Foreign Bank Notes. Great Commission Rates! Cash Advances! Expert Cataloging! Beautiful Catalogs! To order your catalog subscription or consign your notes call 800-243-5211 Mail check and notes to: Lyn Knight Currency Auctions, P. 0. Box 7364, Overland Park, KS 66207-0364 MO/ Currency Auctions COLLECTORS RECOMMENDED COLLECTORS UNIVERSE " NASDAQ: CLCT $i C.1300 GUARANTEE P.O. Box 7364, Overland Park, KS 66207 • 800-243-5211 • 913-338-3779 • Fax: 913-338-4754 • Email: lynfknight@aol.com • Avwwlynknigllt.corn j. U. $towell Printing Co. . LAW PHILATELIC PRINTING NUMISMATIC COMMERCIAL FEDERALSBURG, MD . June 13, 1975 Mr. Vernon L. Brown P. O. Box 8984Fort Lauderdale, Fla. 333 10 Dear Mr. Brown: We are very sorry to hear that you are re- tiring as secretary of the Paper Money and we too have enjoyed working with you over the past eight years. Your splendid cooperation has made our job much easier. It is all right with us to wait until June 30th to send us the list of the new members. Kindest regards in your future endeavors. Sincerely, J. W. STOWELL PRINTING CO., INC. dull A. Moran President KAM:nw a14141411111 , 11IITAW11i141141114111.11.11W114141.141111141 , 11,41 , 1141 , 11V141, 1141 DEVOTED TO THE STUDy OF CURRENCY WINTER 1962 OFFICIAL PUBLICATION Society 21 Paper !Muni Cellectope a Fommommmmmmmmmmommmmmrsmmmilmmvvvsmusymnnb 4 Papet, iitettel A New World of Currency 38 January/February 2001 • Whole No. 211 • PAPER MONEY Society magazine Paper Money thrives for four decades By Fred L. Reed, #4912 III As the principal membership benefit, our Society magazine Paper Money registers the temperature of the Society's health every time it rolls off the presses and arrives at members' homes, offices and businesses. Fortunately, SPMC "Founding Fathers" recognized the importance of this publication as the common tie which binds all members' interests together. Early on, they established a quality journal to present members' research, news, advertising, and other information important to the membership individual- ly and collectively. This is the 211th issue of Paper Money. For nearly 40 years, we can unequivocally report, both Society and magazine are (to borrow Treasurer Mark Anderson's phrase) in "better than fine shape," thank you. Paper Money Milestones: Winter 1962 - First Issue (c. 1/62, 16 pages, at right) 1962-1973 - Quarterly (publication 4x per year) 1967 - Paper Money accorded 2nd Class mailing status 1970 - Money Mart replaces Trading Post Spring 1972- First Two-Color Cover (Vol. XI #1) 1972 - Began accepting 1/8 page ads 1972 - Cloth-bound copies of Volumes I-X offered Summer 1972 - 60-page issue sets size record 1974- - Bimonthly (publication 6x per year) 1974 - Agreement with University Microfilms, Ann Arbor, MI Jan/Feb 1977 - First offset printing (previously letterpress) 1986 - Paper Money cut to 32 pages for economy 1999 - Desktop page makeup introduced 2000 - Research Exchange introduced Largest issues of Paper Money: Jan/Feb 2001 - 164 pages July/Oct 1976 - 76 pages (double issue) Nov/Dec 1976-Jan/Feb 1979 - 64 pages Paper Money Editors: The first Editor of Paper Money was Hank Bieciuk, the first President of SPMC. Issues 1-8 (Winter 1962 to Fall, 1963) each list Hank as the Editor, with all of the following as Assistant Editors: Charles Affleck, Foster W. Rice, Arlie Slabaugh, Fred R. Marckhoff, and Dwight Musser. (8 issues, 176 pages) Issues 9-63 ( W i n t e r 1964/Volume 3 #1, to May/June 1976/Volume 15 #3) have Barbara R. Mueller as Editor. Barbara also served as Editor of The Essay-Proof journal for many, many years. (55 issues, 2568 pages) Issue 64/65 (July/October 1976/Volume 15 #4/5) to Issue 75 (May/June 1978/Volume 17 #3) have Doug Watson as Editor. Doug had been with Krause Publications and worked in business for himself; he returned to Krause in 1978. (12 issues, 716 pages) Issue 76 (July/August 1978/Volume 17 #4) to Issue 111 (May/June 1984/Volume 23 #3) once again have Barbara Mueller as Editor. (36 issues, 1960 pages) (Total: 91 issues, 4528 pages) Issue 112 (July/August 1984/Volume 23 #4) Gene Hessler begins as Editor. Gene's last issue was Issue 198 (Nov/Dec 1998 Volume 37 #6). (87 issues, 3636 pages) Marilyn Reback, an assistant Editor of The Numismatist, served as Editor from Issue 199 (Jan/Feb 1999 Volume 38 #1) to Issue 203 (Volume 38 #5). (5 issues, 176 pages) Current Editor Fred Reed commenced with Issue 204 (Nov/Dec 1999 Volume 38 #6). (8 issues, 420 pages) Printers of Paper Money 1962-1980 J. W. Stowell Printing Co., Federalsburg, MD 1980-1982 Camden Co., Camden, SC 1983- Present Dover Litho Co., Dover, DE Paper Money Authors: Who's the most prolific author published in the pages of this magazine, Paper Money? Is it Forrest Daniel? Or Peter Huntoon? Or Gene Hessler? Daniel, who has written exhaustively about counterfeiting, as well as about Canadian notes, Nationals, Fractionals, Confederate issues and a variety of scrip and related items, has been a member of SPMC since the dawn of the Society. He joined our ranks 40 years ago and has been busy since sharing his enthusiasm for a wide range of syngraphic items. Huntoon, known for his extensive and scholarly contribu- tions to National Bank Note collecting, has also contributed articles on a wide range of other classes of U.S. currency as well NLG AWARD 40,06 NATIONAL CLUB PUBLICATIONS BEST ISSUE PAPER MONEY, January-February 2000 FRED L. REED III, EDITOR PHILADELPHIA, AUGUST 2000 PAPER MONEY • January/February 2001 • Whole No. 211 39 AMERICAN NUMISMATIC ASSOCIATION SOCIETY OF PAPER. MONEY COLLECTORS Paper Money 1994 FIRST PLACE OUTSTANDING SPECIALTY NUMISMATIC PUBLICATION • 1994 • PUBLICATION AWARD as errors and collector profiles of fellow members. Pete, who came aboard 37 years ago, has also been busy. He's penned three of SPMC's books on Nationals. Hessler, who is the relative newcomer of this illustrious trio -- having come aboard only 30 years ago -- has been busy since adding to our store of knowledge about engravers, curren- cy design, worldwide topics and basic collecting. Of course, he also served us 14 years as this publication's Editor, making all the rest of us look good and sound articulate. According to the comprehensive Paper Money index com- piled recently by member George Tremmel (updated to the current issue), by my count Forrest and Peter and Gene have all had more than 130 articles published in these pages. Let's put Daniel's and Huntoon's and Hessler's accom- plishments into perspective. Say that you -- a new author -- produced an article which was accepted and published in this magazine EVERY issue for the next 20 years: You would still be several years behind these stalwarts -- even if they rested on their current laurels, which none show any signs of doing. Through this issue, I count 'em up this way: Peter Huntoon 137 Howard Parshall 17 Forrest Daniel 137 Harry Wigington 16 Gene Hessler 137 Frank Hutchins 15 Bob Cochran 115 Bob Medlar 14 M. Owen Warns 70 George W. Wait 15 Brent Hughes 61 George Killian 14 Richard Hoober 48 C. John Ferreri 12 Barbara Mueller 46 Richard Banyai 12 Wendell Wolka 42 Fred Marckhoff 12 Frank Clark 38 Bruce Smith 12 Jerry Remick 36 M. Titus 12 Fred Reed 34 Maurice Burgett 11 Roger Durand 33 Richard Kelly 11 Robert H. Lloyd 31 Michael Kupa 11 Larry Adams 30 Dave Grant 11 Nathan Goldstein II 27 David Ray Arnold 10 Steve Whitfield Fisher Everett Cooper Philpott Milton Friedberg 20 Austin Sheheen Ron Horstman 20 Many Who's the most honored Paper Money author? Once again, it's either Peter Huntoon or Forrest Daniel. Both have received an amazing 10 SPMC Literary Awards for their contributions to the Society magazine. In fact, Daniel captured the very first Literary Award that the Society bestowed in 1964. Daniel's haul is all the more outstanding, when one considers his long service as Chairman of the Awards Committee which precluded his winning in those years. Hessler, whose job as Editor precluded his receiving Society laurels for many years, has nabbed four SPMC Lit Awards and an incredible eight ANA and NLG prizes for our journal. Huntoon, whose first Lit Award was an Honorable Mention laments that the Society no longer bestows such hon- ors. "We seem to have dropped those, and they were a good idea to stimulate beginners," he said. It sure worked for Pete! Huntoon's and Daniel's hauls of Lit awards far outdis- tance their nearest competitors, who are nevertheless esteemed in their own rights. Total 1st 2nd 3rd HM Daniel 10 5 3 2 Huntoon 10 4 3 2 1 Cooper 4 2 2 Hessler 4 2 1 1 Grant 4 2 2 Cochran 4 1 3 Moon 4 4 Koster 3 1 Arnold 3 1 1 Glynn 3 2 Hughes 3 Warns 3 Note: Members of the Awards Committee are ineligible for recognition while serving on that committee. Rules also pre- cluded officers from receiving these awards prior to 1982. Paper Money Awards • NLG Best Club Publication, 1982 • ANA Best Specialty Publication, 1992 • ANA Best Specialty Publication, 1993 • ANA Best Specialty Publication, 1994 • NLG Best Club Publication, 1994 • ANA Best Specialty Publication, 1995 • ANA Best Specialty Publication, 1997 • ANA Best Specialty Publication, 1998 • ANA Best Specialty Publication, 1999 • NLG Best Club Publication, 2000 21 10 21 10 10 9 . _ .... ' .' . . .,. .,, ' it: ''''' ' ./.- • 4.:14 . ___. . ...., 111'! ... ':- l' , .. •:, ". ' FP-,,Aili- - - . '1; ) w I ', *4 ,. I --,` ,. ,.., . : k ____ ...... , - .,..** ' ... . .., • 71///// ',/)//A (. (///4//7 Emily.. RN :8 kt. Cc/ n_!, LIBERTY DM of PROVIDEMT, RHODE ISI.\M 18.34188:1 Dgnow is from a Muting roDocnr.1 by abb., by dm..., ,Db•DR D , D, b- Yo. I, Ow Am:rion Bank:Yob. CompuslybyAlbd.lon,,Ectignmootic left is,butema xi. Sword and Shichr woOReruned mr Nor undon RN, Y2111.cod 'Duda Noy Illcvlem Ore right to. 'MO SOCIETY OP PAPER MONEY COLLECTORS INC. INTERNAM:CAI, PAPER MONEY CONVENTION MEMPHIS, TENNESSEE —JUNE 15-17, 1979 40 January/February 2001 • Whole No. 211 • PAPER MONEY In the first issue of Paper Money for 1978, Peter Huntoon reported the discovery of an Alaska Territorial National! Still unique, it is an 1882 $20 Date Back from The FNB of Juneau, Territory of Alaska. It was sold to J.L. Irish (who, with this note, is the only person to ever form a complete territorial collection). The Irish Collection was auctioned a few years ago, and this note sold for about $60,000. Prolific exhibitor Maurice M. Burgett, Charter Member #92, was awarded two First Place Awards and the Howland Wood Clockwise from top left: Roman Latimer, William Mross, John Jackson, Dr. Bernard Schaaf; Larry Adams and Paul Garland; and an early Memphis International Paper Money Show at the River- mont. Below: the Society's first souvenir card was issued in 1979. Memorial Award at the 1977 ANA Convention. Mart Delger reported the discovery of a previously unknown fractional note at the Memphis Paper Money Show. Other great articles came from Hessler, T. Knebl, H. Parshall, F. Daniel, R. H. Lloyd, D. Murray, and T. Vavra. The March/April issue contained articles by Huntoon, J. Ferreri, F. W. Daniel, U. Forrester, and the beginning of an ambitious project by Bruce W. Smith, a "Trial Listing of Missouri Obsolete Notes and Scrip." An article by H. Corrigan led off the May/June issue, plus those of Warns, R.T. Hoober Sr., Adams, and Smith. Shocking news was the resignation of the new Editor, Doug Watson. He announced his return to Krause Publications as Production Coordinator, and Barbara Mueller was convinced to resume the position. She agreed, but stipulated that she would concentrate on editing; through the courtesy of Krause Publications, Watson agreed to handle all the layout and graphic design work for each issue using Krause's facilities. "SPMC plans a Saturday morning breakfast meeting at the second Memphis paper money show. The largest paper money collectors organization in the world, SPMC previously has held its annual meetings at the ANA convention held every August. Who Am Eye? AL INCOLN NOTES / CHECKS & cways wanted SPMC140 >ku) Fred Reed • freed3@airmail.net or POB 118162 Dallas, TX 75011-8162 E, 0 c_Pc_P cJ, 0 PAPER MONEY • January/February 2001 • Whole No. 211 The Numismatic Bibliomania Society Founded in 1980, NBS is a non-profit organization promoting numismatic literature and research. For more info please see our web site at http://www.coinbooks.org Membership is $15 annually in North America, $20 elsewhere. Members receive The Asylum, a quarterly journal. To join, send your check to: Dave Hirt, NBS Secretary-Treasurer 5911 Quinn Orchard Road Frederick, MD 21704 Best Wishes For Our 40th Ralph Osborn #27 Congratulations SPMC Happy 40th Currency Club of Chester County Meets 3rd Thursday 7 p.m. Applications from N.P. Aspen 420 Owen Rd. West Chester, PA 19380 41 Sell Harry Your Mistakes Buying Error Notes Harry E. Jones P.O. Box 30369 Cleveland, OH 44130 PNG 440-234-3330 Congrats to SPMC on its 40th Here's to 40 more! Steve Whitfield 60.00 The Pay Toilet Lock Company STATE or CONNECTICUT ,,z104,41 New Hay . 73t1.5 MLIA uARNEY, & M. BESSE CARNEY 4, 41, teee91,:e :41,eet.ille01,Jekl4IX*4e/ THE PAY TOILET LOCK COMPANY bede4‘3,,Woreil 0,1 /i;" e:(4 44,4ei ,lo-/ 1/1/4;/ ,1d r ,,/,,,ii,,,i/Gij 74/4•4frwiot ; te - 3"W 1-e'Wh71-- , '74 /Cs'e.4,06%nianignr nomn corn.,t atzt. arlelo r1 r 8 ,Octoter /125• Above, among author Wolka's favorite raffle prizes were the Pay Toilet Lock Company stock certificates which dominated the late-1980s Tom Bain Raffles. Below, a real Tom Bain-Tom Bain Raffle from the 1970s. 42 January/February 2001 • Whole No. 211 • PAPER MONEY A Society tradition, Tom Bain Raffle raises funds and fun By Wendell Wolka, #2584, LM269 Many of my fond reminiscences are connected with the Tom Bain Raffle, which is still held annually at the Society's Memphis breakfast. For virtually the entire life of the Society, the Tom Bain Raffle has been there to serve the needs of the Society and its members. In the very beginning, the Raffle was the brainchild of its namesake, Tom Bain. The Society was new and struggling finan- cially. He sold chances to those in attendance at SPMC's annual function that was, at the time, held in conjunction with the American Numismatic Association's annual convention. Tom was SPMC President in 1964, when a raffle at the ban- quet helped the Society to show a small profit on the affair. The following year Tom convinced fellow Texas dealer, Mike Brownlee to donate a number of Texas notes for the banquet raf- fle. According to Secretary J. Roy Pennell "Tickets were sold and both our Society and many members benefitted by his generosity." In 1966 the raffle netted $86, although the Miami luncheon still operated at a loss. By 1971 the raffle had picked up steam. Tom put together a set of door prizes, which he and friends donat- ed. Prior to the business meeting, chances were sold for $1 each. Twenty-five lucky people walked off with prizes, and the Society banked $111. The next year the ante was up to $252. The "Tom Bain Project," as it was officially known on the Society income ledger, garnered $420 in 1973, and $382 in 1974. The raffle was so popular at these early SPMC gatherings that at Barbara Mueller's insistence it was moved to the end of the affair to keep attendees from leaving before the awards were presented. In 1975 more than $1,000 worth of donated material was given out. The Society's pot was $338 at the New York City ANA luncheon in 1976. Tom's last raffle was in 1979 at the St. Louis ANA. Winners took home nearly $3,000 worth of goodies, and the Board voted Tom an Award of Merit for his exemplary service to the Society with the raffle. In many of these early years, Tom was ably assisted by Chuck O'Donnell, Steve Taylor and others. Chuck rounded up prizes from willing donors and raced around the banquet room delivering the goods to the lucky ticket holders. Chuck was forced to step down in 1980 at Cincinnati due to ill health, and Taylor and I filled in. One of the prizes was a Coin World 20th anniversary $20 short snorter that Martin Delger won. My first exposure to the Raffle was when Tom, himself, was still running it. I always remember that huge cigar with which Tom was able to seemingly send Morse Code, as he had it clinched in his mouth. Tom was one of the most colorful "characters" I have ever had the pleasure to meet. Tom was a graduate of Texas A&M and worked in the oil fields of South America during the 1930s. During World War II, Tom "flew over the hump" in Southeast Asia, ferrying supplies into China. Tom's hallmark was that huge unlit cigar that he could move in his clinched jaw like a semaphore flag! When Tom passed away in 1985, I inherited this pleasurable task and have done it ever since. Over the years, the Tom Bain Raffle has provided thousands of members and guests some smiles, a laugh or two, and some truly "memorable" stuff, err, valuable door prizes. There have been several "eras" in the evolution of the "hallmark door prize," which epitomizes the Tom Bain Raffle. Back in the '70s, the first of these was the Texas Treasury Warrant-era. Torn had about 427,612 of these and supplemented a lean supply of other items whenever necessary. Tom provided all sizes, shapes, and descriptions of these, and a persistent long- term winner could have put together a pretty good set of Warrants. One year Amon Carter, Jr. won a "throw-away" lot at the Raffle that was composed of some common world notes. Amon, whose personal wealth allowed him to buy most anything that he wanted -- but never changed his warm, friendly personality -- immediately inspected what he had won. He was as happy as a child on Christmas morning when he saw that he had received a note in this lot that bore a new issuance date for him. Worth? Maybe a dime at the time, but Amon was a collector -- and a friend. Tar Ilittite Acceilicd le, / 44 laidf.46 4, Je,,'(‘ J,04,144/ ,Nt.a' ez/./a.a.4JI mititcs5 „(—„i and' XATIF 41^,t-e-La V0S5. j (.10)1t14YR . "'V'FitEA[7mi& 4PErALSIICIL J.. -HAR S .25 ___11.3„...„ TITis•itiiit Gal /kie. J-01,te.—L-- ' )0A I :/k/nLJV .1' l: rad, /:d,//, , V./le, / . .1 : .4 . ' . . e-• J2/1///,' TOE .4.12.111.V10.71 MASTE4C77711,6 C0.111XIT ./ '„ /4 ..4, i .4.41;://a it ._fiovi.0-.1% ,.■./.7 e.i,....a, .6,..;,-,f.,' 9/0 7:,,,,s, ,,,7 ,!,/,/; -, (//j;, //, ..(„izeitty/... ll/i'h47 eii/ - 77/1//,/, 7 el / A sk11, 4/..(frarktAII7 :. 1., /A.( //.7471.IM- r a/..1 4 5 .(1, //, ..//44;kAiiiitt/ie4;7;,..) ∎ 0; Y riofra„.,. ...we/4 1";,/,, , , , U , ,ji., L'o;.1.k.,,,, 5 1.4........„ 4) 4+' 4,'"?,)-, C9,A-(4, ; P:; 11.01t1tEatelt1=10r111% 111..letVaDMMaMCNIMMI:V. -AAR -azgi:7111,MegNai2r..)=D4e..:2961:4:472*11:14.A= 80 January/February 2001 • Whole No. 211 • PAPER MONEY Buying, Selling, Auctioning U. S. Paper Money Since 1935 TICE' UNITE I ViTATESAIMS,AliiitiCA Now Soliciting Consignments for Our 2001 Auction Sales RECEIVABLE loll L CAVITE], STATES STIR,. 123 West 57th Street New York, New York 10019 Fax: Phone: E-Mail: Web Site: 212-245-5018 212-582-2580 info@stacks.com www.stacks.com PAPER MONEY • January/February 2001 • Whole No. 211 81 OUR CURRENT BOOK LIST OF UNITED STATES PAPER MONEY J1 American Numismatic Society. America's Currency: 1780-1866. New York, 1986. 142pp., illus. J2 Anderson, William G. The Price of Liberty... The Public Debt of the American Revolution. Charlottesville, 1983. 180pp., illus. The standard reference pertaining to the various debt certificates of the American colonies. J3 Ball, Douglas B. Comprehensive Catalog and History of Confederate Bonds. Port Clinton, 1998. 288pp., illus. J4 Bart, Frederick J. Comprehensive Catalog of United States Paper Money Errors. Port Clinton, OH. 1994. 190 pp., illus. Paper. J5 Bressett, Kenneth. Guide Book of United States Currency. Racine. 2nd ed., 1995. 336 pp., illus. J6 Cambell. Lance K. Prisoner of War and Concentration Camp Money of the 20th Century. 2nd ed. Port Clinton, OH 1993. 200 pp., illus. Hardbound. J7 Carothers, Neil. Fractional Money. Wolfeboro, 1988 reprint of the 1930 work. 373 pp., illus. Paper. J8 Chambliss, Carlson R. U.S. Paper Money - Guide Handbook. Port Clinton, 1999. 479 pp., illus. A useful book in obtaining both historical information as well as ideas with which to build collections in all categories of the U.S. currency field. J9 Criswell, Grover C. Confederate and Southern States Bonds. 2nd ed., Florida, 1980. 374 pp., illus. J10 . Confederate War Bonds. 1993-1994 Edition. Salt Springs, FL. 1992. 76 pp., illus. Paper J11 . Colonel Grover Criswell's Guide to Confederate Money. Salt Springs, FL. 1991. 58 pp., illus. Paper. J12 . Comprehensive Catalog of Confederate Paper Money. Port Clinton, OH. 1996. 352 pp., illus. J13 Friedberg, Arthur L. and Ira S. Paper Money of the United States. 15th ed. Clifton, 1998. 300 pp., illus. J14 Hessler. Gene. The Comprehensive Catalog of U.S. Paper Money. 6th ed. Port Clifton, OH.1997. 505 pp., illus. Hardbound. J15 . U.S. Essay, Proof and Specimen Notes. Portage, 1979. 224 pp., illus. J16 Hodder. Michael and Bowers, Q. David. The Standard Catalogue of Encased Postage Stamps. Wolfeboro, 1989. 191 pp., illus. Paper. J17 Huntoon, Peter. United States Large Size National Bank Notes. Laramie, WY. 1995. 283 pp., illus. J18 Keller, Kenneth. Sutler Paper Money. Rockford, 1994. 245 pp., illus. Paper. J19 Kelly, Don C. National Bank Notes - A Guide with Prices. Oxford, OH. 1997. 596 pp., illus. J20 Kleeberg, John M., ed. Money of Pre-Federal America. New York, 1992. 253 pp., illus. J21 McCusker, John J. Money and Exchange in Europe & America 1600-1775. Chapel Hills, 1978. 367 pp. Paper. J22 Mitchell, Ralph A. and Shafer, Neil. Standard Catalog of Depression Scrip of the United States. Iola, 1984. 318 pp., illus. Paper. J23 Murray, Douglas D. Comprehensive Catalog of United States Large Size Star Notes - 1910-1929. Port Clinton, 1996. 128 pp., illus. Paper. J24 Newman, Eric P The Early Paper Money of America. 4th ed. Iola, 1997. 487 pp., illus. J25 Oakes, Dean and Schwartz, John. Standard Guide to Small-Size U.S. Paper Money - 1928 to Date. 2nd ed. Iola, 1997. 339 pp., illus. Paper. J26 Prather, Dewitt G. United States National Bank Notes and their Seals. Charlotte, 1986. 199 pp. illus. J27 Rust, Alvin E. Mormon and Utah Coin Currency. Salt Lake City, 1984. 247 pp., illus. J28 Schingoethe, Herb and Martha College Currency - Money for Business Training. Iola, 1993. Illus. J29 Schwan, Fred. Comprehensive Catalog of Military Payment Certificates. Port Clinton, OH. 1997. 222 pp., illus. J30 Schwan, Fred and Boling. Joseph E. World War II Remembered. Port Clinton, OH. 1995. 864 pp., illus. J31 Scott, Kenneth. Counterfeiting in Colonial Rhode Island. Providence, 1960. 74 pp., illus. J32 . Counterfeiting in Colonial Connecticut. New York, 1957. 244 pp. plus 24 plates. Paper. J33 Slabaugh, Arlie R. Confederate States Paper Money. 8th ed. 1993. 128 pp., illus. Paper. J34 Sullivan. Stephen M. U.S. Error Note Encyclopedia. Melbourne, 1997. 431 pp., illus. J35 Thian, Raphael P The Register of the Confederate Debt. Lawrence, 1972. Reprint of the classic 1880 work. 190 pp. J36 . Same. Lincoln, MA. 190 pp. A later reprint than the book offered above. J37 Cassell, David. United States Pattern Postage Currency Coins. Miami, 2000., 225pp., illus. This book is by far the most exhaustive reference regarding this area of pattern collecting. The author makes valuable corrections to both Judd and Pollock. J38 Harlow, Thompson, R. Connecticut Engravers: 1774-1820. Hartford, 1971. 4Opp., illus. Paper. Printed in the October 1971 Connecticut Historical Society Bulletin J39 Krause, Chester L. and Lemke, Robert F. Standard Catalog of United States Paper Money. 18th ed. Iola, 1999. 214 pp., illus. The new edition of this popular, versatile reference. J40 Oakes, Dean and Schwartz, John. Standard Guide to Small Size U.S. Paper Money - 1928 to Date. 3rd ed. Iola, 1999. 352 pp., illus. Paper. The new edition of this popular, highly regarded reference. 341 O'Brien, Donald C. Abner Reed: A Connecticut Engraver. Hartford, 1979. 16pp., illus. Paper. Printed in the January 1979 Connecticut Historical Society Bulletin. Also included is an article entitled "Stephen Johnson: Patriot Minister" by Bruce Stark. J42 Slabaugh, Arlie R. Confederate States Paper Money. 9th ed. Iola, 1998. 246 pp., illus. The new expanded edition of this book, now including a useful section on Southern States Currency. When ordering books, please add $3.50 for the first item and $2.00 for each additional title or volume. All books are shipped via 4th Class Mail unless otherwise requested. Please call for 1st Class or Air Mail rates. $15.00 $35.00 $40.00 $25.00 $14.95 $35.00 $19.95 $19.95 $37.50 $5.00 $5.00 $35.00 $35.00 $39.95 $19.95 $29.95 $49.95 $50.00 $100.00 $25.00 $25.00 $39.95 $24.95 $75.00 $17.50 $40.00 $39.95 $95.00 $35.00 $65.00 $30.00 $67.50 $12.95 $35.00 $55.00 $55.00 $145.00 $9.50 $24.95 $24.95 $7.50 $19.95 123 WEST 57th STREET, NEW YORK, N.Y. 10019-2280 82 January/February 2001 • Whole No. 211 • PAPER MONEY SPMC salutes longtime members Many SPMC members have achieved great seniority with the Society. An amazing number of members have been with SPMC for virtually all of its 40 years. Several hundred of our senior members will be celebrating the following anniversaries as Society members during this year. Congratulations to all of you! 40 Years Brent H. Hughes (7), J. Roy Pennell Jr. (8, HLM8), Chester L. Krause (9), Harry J. Forman (13), Larry D. Richardson (23), Ralph Osborn (27), N. A. Rieger (29), Arlie Slabaugh (32), Raymond C. Rennick (33), Floyd 0. Janney (38), J. Tracy Walker III (73), Charles G. Altz (75), Warren S. Henderson (77), Laurence A. Miller M.D. (98), Richard Jones (117), Forrest W. Daniel (121), Arthur M. Kagin (122), Nathan Goldstein II (133), James N. Treadaway (169), James T. Mitchell (174, LM285), Merrill V. Youkin (181, LM303), Arthur D. Cohen (191), Dr. Robert D. Currier (202), W. Philip Keller (205), Leon H. Bookman (218), Norman Brand (220, LM132), Clark E. Nixon (234, LM227), Clyde F. Mackewiz (250), Neal F. Carlson (256, LM156) 39 Years John H. Miller (269), John J. Ford Jr. (278), William C. Hatcher (286), Robert P. Payne (287), Eric P. Newman (290), Peter G. Robin (292), Clifford Mishler (294, LM142), John N. Rowe III (306), Marvin D. Ashmore (307), Arnold R. Anderson (319), Roland C. Casanova (364), L.J. Waters (415), Lawrence Falater (460, LM35), Barbara R. Mueller (464, HLM2) 38 Years Ruth Springer (479), Larry Marsh (493), J. W. Schneider (506), William E. Benson (524), James L. McKee (546), James R. Hosler (564), Thomas S. Gordon (567), Robert B. Erickson (583), Richard L. Hood (592), Bill Wakes (595) 37 Years Vernon Bosley (609, LM17), Andrew P. Beck Jr. (640), Peter W. Huntoon (662), Neil Shafer (681, LM30), Jerome H. Remick (742), Bobby Sowell (752, LM18), B. Al. Stuart M. D. (766, LM92), Q. David Bowers (780), George F. Pollock Jr. (807), LTC William J. Pardee (827), George T. McDuffie (836), Dewitt G. Prather (862), Wayne L. Nauka (887), Howard Schein (911), Richard D. SteM (940), Morey Perlmutter (948), Joseph Persichetti (966), Michael D. Warmbier (970), Harry H. Schultz (994), William R. Martin (1013), Neville L. Brugh (1054), George L. Verrall (1079) 36 Years Dennis Forgue (1096), Bryan Burnett (1114), L. J. Kaczor (1118), Michael Miller (1123), Howard Pardee (1133), Joseph Gilio (1143, LM271), William T. House (1149), Glenn E. Martin (1170), James J. Conway M.D. (1185), Herman J. Harjes (1186), Wayne S. Rich (1190), Martin Vink (1191), Robert R. Andrews II (1206), Robert S. Marshall (1207), Jasper D. Payne (1300), Leo Eickhoff (1318, LM154), Dean Oakes (1322), Jim Pittman (1333), R. H. (Rocky) Rockholt (1354), Milton R. Friedberg (1370), Peter A. Graubarcl (1373), Gary D. Hacker (1388), Gordon Harris (1449), Eugene 1-1. Hiser (1462), Walter D. Allan (1477, LM311), Jack K. Paul (1504), Ronald Horstrnan (1526, LM12), Dr. Paul R. Peel (1538), Douglas G. Johnson (1561), Raymond K. Oakes (1566), Frank R. Hannah (1586), Richard Hickman (1590), Don C. Kelly (1594) 35 Years Frank G. Burke (1613), John J. Nichols (1655), Tom Conklin (1662, LM33), Irving Golden (1664), Bruno Rzepka (1672), Douglas B. Ball (1675), George M. Shubert (1682), James R. Weiland (1689), William B. Warden Jr. (1716, LA4232), Stanley W. Scieszka (1733), Dr. Herman Al. Aqua (1736), Mrs. Katherine M. Carson (1762), Edward I. Oliver (1777), George Conrad (1805), Joe E. Compton (1819), Raymond H. Greenleaf (1824), Charles G. Johnson Jr. (1833), Ira Rezak M.D. (1841), John W. Veirs M.D. (1843), Paul E. Peffer (1862), Harold N. Galpern (1868), Terry A. Bryan DMD (1872) 34 Years Ronald D. Winegarden (1888), Ralph Burnworth (1892), David Schlingman (1991), Dr. Donald W. Schleicher (1997, LM52), Paul L. Haudrich (2049), Thomas F. Franke (2083), Joseph F. Petrosius (2105), William Anton Jr. (2127), Chas. L. Van Diviere Jr. (2147), Jerry E. Tralins (2148), Vernon 1I. Oswald (2152), Arthur C. Leister (2155), Nelson R. Hilbert Jr. (2157), Emory M. Robinson (2182), Philip B.D. Parks (2200, LM4I), Austin Al. Sheheen Jr. (2207, LM122), Charles Lotcpeich (2221), Samuel L. Adkins (2227) 33 Years Robert H. Lloyd (2251), Jerry K. Lorenzen (2265), Dr. James W. Fletes (2270), Larry D. Adams (2278), Robert C. McCurdy (2281), Edwin 0. Schlesinger (2332, LM312), Harry E. Jones (2350), Lyn F. Knight (2391, LM182), Leon Silverman (2417, LA4141), Donald W. Watts (2419), Dr. Alan York (2435), Richard J. Balbaton (2446), Milton S. Lewis (2448), Charlton H. Buckley (2449) 32 Years Carl R. Anderson (2471), Norman F. Johnson M. D. (2479, LM139), Anthony Nicolazzo (2497), John W. C. Manser (2515), Samuel R. Roakes Jr. (2517, LM57), Robert A. Crowell (2521), Roman L. Latimer (2540), Robert E. Tansky (2542), Harry R. Valley (2563, LM51), C. John Ferreri (2570), Ralph E. Plumb (2580), Wendell Wolka (2584, LM269), Allen T. Everett (2598), John 1-lanik (2621, LM32), George B. Tremmel (2623), Charles A. Dean (2649), Steven K. Jennings (2714, LA4103), Allen Mincho (2730) 31 Years Raylene Morrow Junkins (2754), Lawrence F. McGrail (2758), Glen 1. Jorde (2759), Joseph S. Bonk (2763), John F. Golden (2767), Norman E. Decker (2797), Frank Levitan (2800), Ray Patterson (2805), Julian M. Leidman (2807), Dale Ennis (2808), Roger H. Durand (2816), Leland W. Stickle (2828), John E. Panek (2833), Stanley Czerminski (2839, LM19), Richard H. Anderson M.D. (2865), James F. Stone (2866), Thomas M. Flynn (2867), Frank Bennett (2877, LM235), Edward Fellows (2880), J. Franklin O'Brien (2895), Armand M. Shank Jr. (2898, LM78), Lowell C. Honvedel (2907, LM34), David M. Walsworth (2916), George F. Ross (2920), Steven K. Whitfield (2930, LM249), William Hill (2932), Dennis L. Huff (2969) 30 Years James C. Vosburgh Jr. (2972), Jeffrey L. Ferrand (2983), Nelson Page Aspen (3004), Stanley Morycz (3013), Edward Kuszmar (3027), Roger J. Radtke (3066), Michael E. Tauber (3089), Ross L. Woodman (3108, LM304), Warren Jackson (3120), Richard J. Ulbrich (3137), James A. Sparks Jr. (3144), Gene Hessler (3157, LM100, HLMIO), Michael Robelin (3165), Peter S. Janak (3171), Colin R. Bruce II (3175), Dr. Harold Don Allen (3221, LA420), Jerry Williams (3233), Douglas D. Hunter M.D. (3239, LA439), William P. Koster (3240), George Decker (3242, LM120), Stephen R. Taylor (3258), John Glynn (3267), Willis E. Karner Jr. (3276), Michael A. Crabb Jr. (3285, FILAR), Robert C. Korosec (3303, LM21), Jack M. Vorhies (3314), Arthur L. Goldstein (3316), Charlton E. Meyer Jr. (3325), Harry J. Williams (3331), John L. Schwartz (3333), Stephen Tebo (3353, LM38), James Hedges M.D. (3367, LM64), Charles E. Kirtley (3369, LM180), Harold A. Wells Jr. (3379, LM58), Deutsche Bundesbank Geldmusei (3382), Edward B. Hoffman (3386) 29 Years Herbert P. Hicks (3392), Gerome Walton (3395), Elvin B. Miller (3435), Ernest C. Wilkens (3449), Robert J. Galiette (3462), Carl Cochrane (3463, LM125), Gary F. Snover (3467), William S. Lavick (3468), George H. Kwatcher (3469), Bill Horton (3474), Philip L. Cucinotta (3477), David Halaiko (3485), James J. Hoskovec (3537), Edward Marijan (3541), R. Craig Bittner (3552), Herbert Schingoethe (3555), George H. Labarre (3561), LM300), Michael B. Scacci (3579), Harry M. Corrigan (3580), Jack H. Fisher (3582), Russell A. Hibbs M.D. (3586), Tom Sheehan (3593, LM287), William W. Burkhardt (3594), Don Fisher (3597), Zollie Kelman (3599), Ed Leventhal (3602, LM208), Fred V. Lester (3605), Aubrey T. Haddock (3633), Joe L. Hensley (3637), John Parker (3641), David Faulkner (3642), A. Raymond Auclair (3643), John Ferm (3653, Donald Mark (3655), Samuel A. Whitworth (3681), Richard M. Kirka (3687) 28 Years Rodney L. Kelley (3703), George A. Flanagan (3711), Walter Rosene Jr. (3747), James D. Trent Jr. (3750), John Kenneth Purcell (3780), Radford Stearns (3794, LM36), Fred Schwan (3795, LM317), Peter A. Boyer (3808), David Schneider (3823), R. W. Volkers (3838), Michael Al. Ostrander (3852), Winfield A. Becker Jr. (3857), Gary W. Potter (3858), Leonard Garland (3893), Roy G. Lindgren (3907), Carmen D. Valentino (3933), Stephen Schroeder (3944), Arnold H. Selengut (3958), K. Edward Jacobi (3959), Richard Dreger (3962, LM280), Joseph E. Boling (3967), Tim Fleming (3976), Charles Kemp (3980, LM62), Michael Kovac (3981) 27 Years Roland H. Swett (3996), Sam H. Bettis (4000), Bob Waszilycsak (4001, LA4150), Robert W. Ross III (4024, LM59), J.R. Lasser (4043, LM23), Charles T. Koehler (4044), C. M. Nielsen (4048), S. D. Reiss (4055), Clinton Hollins (4076), William L. Rohning (4080), Robert W. Hearn (4132), Robert A. Mason (4143, LM276), Eleanor Conklin (4146, LM194), Martin Rogan (4167), Barney W. Hill (4179), William Kleinschmidt (4181), Carletta E. Mosby (4190), George H. Carman (4226), Leo Thurn (4255), Charles E. Straub (4256), C. Robert Jackson (4264), G.B. Eddy (4267), Jules E. Topfer (4269), Alex G. Perakis (4277) 26 Years American Numismatic Association Library (4290, LA4113), Thomas E. Caton (4293, LM53), Richard A. Moeller (4295, LM104), Charles T. Rodgers (4302), Newell D. Ueland (4316), David R. Meyers (4324), Allan W. Maki (4331), Newark Museum (4345), Wayne R. Freese (4360), Jervis C. Rowe (4363), Theodore J. Von Zwehl (4369), Arthur Aron (4386), Len Glazer (4388), Bob Kosmo (4397), Irving Carol (4399), Emmett H. Brooks (4403), Lynn A. Phillips (4406), Victor Fickling (4408, LM281), Tom E. Gettman (4437), Forrest Meadows (4439), Bob Steele (4462), Victor M. Marchioni (4473), D.R. Sullivan (4479), Claud B. Murphy Jr. (4486, LA4261), Mel Steinberg (4496), Dennis E. Steinmetz (4505), Richard Allen (4536, LM40), J. Owen Wheeler (4547), Kenneth L. Hallenbeck (4548), Robert G. Lanphear (4549), Byrd Saylor III (4553), James Andel (4562), James E. Noll (4563), Tim Kyzivat (4575, LM223), John F. Veldhuis (4591), Jerry R. Roughton (4599), William C. Vaughan (4622), Alfred I-Iortmann (4630) 25 Years David W. Moore (4664, LM67), Gerald A. Schmidt (4690), John P. Ameen (4728), William J. Skelton (4736), Wallace G. Lee (4742), Martin J. Delger (4762), Lou Rasera (4773), Dean Paul Davis (4776), Peter G. Parkhurst (4779), Douglas D. Murray (4683, LM250), Leon Christodoulou (4791), W.G. utaorii 4):154170,s, 70-kaaa&rhaz da. It. _ ft, ., *43090B_"'" 4- L."' ...-_, 0 :Arr_.-Amosait• NATIONAL. LEIRRENLEnir U -- zlzizm,Li. ISS.fplk.A.,- Ujittlil.z,u1r '45 ( tovilikw,,ri -Toyesig ), romiiivon- i.) /4 ?4,-,.,_0 ,i--. ./flef 0139 MAIllttNtill,fitt. )191ftgplimilpa, '-'. <107ClirElli .ilgtd42% aluggeti Mr VI% JD P4111EN IX0,441 have been 4aposiled 1 1111,".% -r.cetiW7---4.ojEsjo* OFIE SWIM DO - A414"-" et.200/472,7,7:'; A'Alfr, (5774 0 2689 FIVE 74 '-'1=14"74 ehr TrISI7.74.117..7/0M PAPER MONEY • January/February 2001 • Whole No. 211 ...• P1111110PP7----±!vitai l raf)."49714".4 83 What's The Best Way To Sell Your Paper Money Collection? The best way to sell your collection is to consign it to someone you trust. Your currency collection probably took years to acquire. Each purchase was thoughtfully considered, each note carefully stored, and handled with respect. The sale of your collection should be accomplished in the same manner. Carefully, and thoughtfully. At Smythe, we care about our consignors, our bidders, and our staff members. We don't mis-grade your lots, or sell them long after midnight, or during convention hours. We strongly support the show organizers and local clubs that work hard to make paper money shows successful, and we are proud that we have consistently been selected as one of the Official Auctioneers of the Memphis International Paper Money Show. We illustrate every major note, using boxes or color where appropriate. Each note is carefully graded and researched by our nationally-recognized, full-time paper money experts. Our rates are flexible and highly competitive. There are no lot charges, photo charges or minimum charges on Federal Currency. If you are thinking of selling, take advantage of the strongest currency market we have seen in years, and take this opportunity to showcase your better single items, or your entire collection, in the next R. M. Smythe auction. To Consign, call 800-622-1880 or 212-943-1880 and ask for Jay Erlichman, Stephen Goldsmith (U.S. Coins), Diana Herzog (Autographs). David Vagi (Ancient Coins), Dr. Douglas Ball (CSA, Obsolete and Colonial Currency), and Martin Gengerke (Federal Currency), or Kevin Foley (Federal Currency) at 877-210-1727. Now accepting consignments for all future auctions. To Subscribe: Subscribers can be fully assured of receiving our fully-illustrated thoroughly-researched catalogues. Do you need to check on the status of your subscription? Call Marie Albert at 800-622-1880 or 212-943-1880. A one year subscription to all RMS catalogues is $87.50 ($125 overseas). Other subscription plans are available. Call today for further information. SOCIETY of PAPER MONEY COLLECTORS INC. lig.N/LSNIVTIFIL 26 Broadway, New York, NY 10004 • Toll Free: 800-622-1880 NYS: 212-943-1880 • Fax: 212-908-4047 • www.smytheonline.com 4:)-144345 Stephen Goldsmith Kevin Foley MEMBER 84 January/February 2001 • Whole No. 211 • PAPER MONEY Kirchner (4816, LM160), Paul L. Koppenhaver (4828), Lawrence A. Smulczenski (4836), Robert Azpiazu Jr. (4844), John W. Wilson (4861, LM127) 24 Years Robert Goller (4888, LM222), W. Crutchfield Williams II (4900, LM25), Frank R. Trask (4901), Fred L. Reed III (4912), David H. Klein (4916), Jeffrey F. Poyer (4921), Douglas K. Hales (4924), Charles W. Leach (4926), James E. Skalbe (4954), Eugene F. Bright (4961), C. E. Temple (4968), Dennis Luck (4980), State Historical Society Of Wisconsin (4988), Sheldon Chapman (4989), Barry Wexler (5000), Alan J. Moser (5002, LM89), Alan L. Dorris (5016, LA4292), W. L. Vaughan (5028), James H. Cohen (5029), John F. Foster (5030), Jerald L. Cohen (5032, LM94), Albert F. Kaminsky Jr. (5042, LM26), D.B. Hollander (5052, LM27), Pauline Miladin (5054), William R. Acker (5062), Thomas A. Reilly (5064), Joseph J. Adamski (5069), R. Logan Talks (5071), Robert M. Rozycici (5101), Stephen Tannenbaum (5106, LM292), Dana Linett (5107, LA/1161), William W. Millar (5136, LM305), Robert A. Kvederas Sr. (5137, LA4720), Lee R. Hartz (5142), Joseph Ridder (5145, LM 288), Joseph F. Gregory (5147), Lewis E. Morris (5151), John P. Vertrees Jr. (5160), Mark Campbell (5166), Guy C. Kraus (5181), Lloyd Deierling (5190, LM137), Haywood Watts (5196, LM108) 23 Years Ridgely Coghlan (5200), Robert H. Baumann (5207), Neil A. Chiappa (5233, LM177), David A. Brase PhD (5241), Leon Thornton (5246), Arthur L. Sherwood (5248), L. Peyton Humphrey (5249), Carl Allen (5251), Clarence A. McKee (5254), Michael Wheat (5278, LM111), Missouri Numismatic Society (5293, LA/170), LTC Peter Morey (5347), Brian Kesmer (5360, LM65), Eliot Lewiskin (5367), Jere P. Brehm (5377, LM73), Wayne J. Liechty (5376), Stephen Goldsmith (5391), Charles Alan Hilton (5393), Jerry L. Artz (5398), Dr. Charles F. Phillips Jr. (5424), Louis Winterfield (5426), Robert A. Vlack (5428), Barry M. Applebaum (5431), Frank J. Urhiha (5435), Robert Shaw Hewitt (5473, LM85) 22 Years Steven A. Feller (5494), Pete Fulkerson (5555), Keith Edison (5574), Leonard Lashaway (5578, LM289), Bob Cochran (5579, LM69), George W. Perz (5584), WilliamHatchett (5589, LM82), Thomas Snyder (5592, LM45), Donald W. Hitchcox (5611), R. Yancy Green (5619), James M. Lee (5657), John Mieg (5659), Alan R. Hoffman (5684), Vernon L. Potter (5697), Harton S. Semple Jr. (5720, LM107), Thomas P. Rockwell (5726), Dorothy Victorson (5745), Allen Berk (5763), Ashley E. Chase (5769) 21 Years James Kubo (5771, LM54), Tom Denly (5773, LM1), Edwin F. Marker (5786), Gregory Hair (5789), Idy Jones (5812), Bruce D. McLean (5818, LIV1102), William Litt (5827, LM282), John M. Snoderly (5842), Ed Chauncey (5847, LM318), Dustinn Gibson (5851), Margaret B. Stefanoff (5855), Lee E. Poleske (5859), John Pilibosian (5870), Joyce M. Jensen (5893), John T. Hamilton III (5897), Frank E. Clark III (5900, LM193), Delane Ramsey (5909), John DePalma (5910), Harold Nogle Jr. (5926), John B. McCarthy (5934, LA4101), Frank C. Dwornik (5939), Jeff Byrd (5947, LM318), David R. Koble (5952), Richard A. Waszkiewicz (5954), Michael Kotora (5957, LM189), G. Robert Ganis (5958), Denwood N. Kelly (5960), Arlyn Vonk (5975), Gerald Loegler (5990), Walter Wiegand (5996), Wayne K. Hoimen (5998), Joe Wilhauk (6002, LM310), James J. Boyer (6007, LA460), Scott H. Williams (6017), Lawrence Henling (6019, LM56), Ronald J. Benice (6026), A. A. Armstrong Jr. (6037) 20 Years Mark A. Sims (6042, LM86), Nick Magnano (6051), Jim Hodgson (6055, LM243), Eric Moore (6065, LM152), John M. Stuber (6066), Mike Fink (6079), Jerry Dzara (6082), Leonard W. Harsel (6098), Roland Rivet (6104), Nancy Wilson (6114, LA4140), Thomas R. Durkin (6120), Jim Sazama (6133), Charles R. Savidge (6139), Hartley G. Johnson (6141), Bertram Cohen (6148, LM42), Rev. Joseph W Baker (6173, LM49), Hershel Katz (6182), Lowell Yoder (6184), Bank of Canada National Currency Collection (6195), Irwin Tyler (6210, LM71), Darrell D. Crotty (6215), Bob Whitten (6218), Bob Reed (6221), Les Winners (6232), Ken Barr (6233, LM50), Peter Plath (6243), Brian Christian (6246), Joseph Apelman (6248), Maj. Wesley E. Duran (6251) 19 Years William S. Nawrocki (6261), Lester Maul( (6272), Edward Von Stein (6282), John F. Strayer Jr. (6288), Essie Kashani (6290), Phil Iversen (6316), Thomas Sturges (6324), Fields Luther Parks III (6326), Douglas B. McDonald (6343) William H. Serocky (6351), Jack W Bonner III (6367, LM176), Ronald Faught,-(63 Georgette73, LM9), Georgee Cornio (6377), Mike F. Schaun (6379), Efrain Archilla- Diez (6380), Roger Urce (6383), R.L. Rea (6384, LA29), Martin Garringer (6393, LM. 272), Norman G. Peters (6403), Kenneth Podrat (6411), R.W. (6415), Robert McCabe (6426), Don H. Ketterling (6438, LM88), Joe Sande (6442), James L. Jackson (6448), Howard Cohen (6449), Randall Suslick (6452) 18 Years John Wixson (6463), Alan Goldsmith (6466, LM37), Tom Kanawyer (6468, LNli 4), Stephen Coulter (6501), Harry Warren Jr. (6504, LM10) Paul Angenend (6512), Grey Roberts (6522), Randall W. Ockerman (6525), Jesse Patrick (6530), Steven Ferguson (6532), J.J. Sullivan (6535), Richard D 'ockter(6546), Eric Jackson (6552), Allan D. Watson (6559), Richard Ponterio (6564), Meyer P. Avers (6568), Albert Duroe (6579), David Laties (6588), Rich Hegluncl (6601), Michael V. Stratton (6608), Jerome W. Hannigan (6619), j (6626), Dan Sickels (6635), Eric J. Vicker (6638), Robert L. Heni Yasuk ersfiott(HLMI) 17 Years R.M. Waltz (6666), Detroit Public Library (6680), Richard E. Badwey- (6682, LM14), Dave Wilson (6687), John W. Jackson (6691, LMI90), Greg R. Super (6692), L.E. Phillips Memorial Library (6693), Michael J. Sullivan (669 5 ), J. Phillip Darby (6697), T.J. Amine] (6699), Robert Lockwood (6705), Robert T. , Ralph ogerPagano S t o lbe r(g67(3657)2,4D) , oCn ahiedt Levis M(67c3InI t)i,rAelic617riale01),CSoultzraan 7(6N73a27Ln iV1(6172115)), (6736), Robert Butler (6751), Jerry Hammer (6764), Paul A. Andrews (6769), Frederick Fleischer (6781, LM184), John C. Mitchell (6783), Ronald Jones (6787), Dave Eakin (6794, LM48), Benny T. Bolin (6795), Bob Hatfield (6803), Normand Robillard (6818), John Zabel (6822), Victor Norris (6854), Brian F. Gibbons (6857), Allan Taylor (6876) 16 Years Randy Haynie (6880, LM81), David M. Gray (6883), Kevin Foley (6889), Donald KOlkinan (6892), F. Carl Braun (6896, LM273), Cyrus Smith (6900), John Baker Jr. (6901, LM207), Stan Klein (6902), Jay Benton (6903), John Paul Sarosi (6908), Morris Lawing (6916), Frederick Angus (6919), James Jach (6922, LA/115), Lawrence J. Gentile (6925), Jeffrey P. Antonuk (6935), James J. Cowell Jr. (6949, LM47), Raymond Bisordi (6968, LM68), George Springer (6971), Howard A. Cohen (6973), Samuel G. Kosko (6974, LM124), Charles D. Moore (6976), James Warmus (6977), John Martin Davis Jr. (6978, LM251), Tom Carson (6984), Duncan MacLean (6986), James Carlson (6987), Colin Narbeth (6997), Professional Currency Dealers Assn. (7000, LA466), William Aleshire (7001), Frank C. Kiehne (7004), W. Russell Bowie Jr. (7006), William Kelly (7008, LA/1254), Doug Walcott (7012, LIV155), Robert Bauman (7015), Carlisle Branch (7025), Rosenberg Holger (7030), Steve Lanster (7040), Joseph E. Haenn (7068) 15 Years Tim Sear (7077), Steve Porath (7078), James A. Vander HeLM7094, LA4196), Henry McCarl (7111, LM233), Kenneth L. Edlow (7141, LM44), William B. Brandimore (7147), Dan Hamelberg (7160), Michael Niebruegge (7165), Nathan Lee Allred (7196, LA4106), Richard N. Nachbar (7242), Douglas J. Gorga (7252), M.S. Kazanjian (7253), Richard Hegel (7256), Myron E. Harmon (7257), Earl L. Hogard (7284), Lee Quast (7297), Mark Anderson (7300), Norman Drexler (7303), Hugh Shull (7320, LM6), Virgil Gottardo (7328), Bernard Pawlicki (7341), Joseph Klodzinski (7342, LM63), Jim C. Mogg (7346), Mark Volcjak (7356), Bruce Hedani (7370), Lynn Shaw (7371), Sheldon T. Rabin (7378), James Hatch (7387, LA461), James Sorn (7388, LM75) 14 Years Gilmore Sem (7390), David Marsh (7391), Brian Silsbee (7404), David B.C. Tucker (7405), Jeffrey L. Goodall (7414, LM112), Franklin Freeman (7418), Robert Lefever (7425), Steve Sherman (7436), C. Kirk Page (7438), Richard Ainsworth (7443), Peter Mayer (7452, LM293), Frederick Fitch Jr. (7454), Charles Parrish (7456, LM114), Emilio Dressi (7457), Kerry K. Wetterstrom (7469, LM79), Gene F. Mack (7471), Julius Glaser (7472), Carl Bombara (7474, LM195), Paul G. Mench (7477), Art Bermingham (7479, LA495), Robert C. Hastings (7480, LM93), Ken Zimmerman (7484), Tom Minerley (7493), Henry A. Scheuermann (7506), Keith Harrison (7513), John Bergman (7523), Loren E. Toombs (7530), Thomas P. Gavin IV (7533), Charles E. Blackmon (7535), David C. Hanson (7541), Gregory M. Myers (7549), Director Bureau Engraving and Printing (LM46) 13 Years Allan L. Teal (7551), Ron Yeager (7569), Alvin Z. Macomber (7571), David Bick (7578), John Gavel (7579), Trevor W. Wilkin (7587), Francis Hough (7589), Gary L. Bleichner (7595), John R. Stone (7599), Peter Pallas (LM72), James J. Vermeulen (7610, LM206), Gaylen D. Rust (7615, LM270), Thomas D. Robertson (7619), Donald Koehler (7625), Bruce R. Hagen (7628), Noel D. Rooney (7637), Chiyo Peterson (LM76), C.V. Valiance Jr. (LM80), David M. Stouffer (7643), Warde H. Dixon (7655, LM83), Larry Rafferty (7656), John W. Stevens (7658), Walter G. Fortner (7661, LM87), Greg Pineda (7669), Michael Nuremberg (7670), Don Janofskey (7676), Jimmy D. Gilbreath (7690), Philip V. Sarcione (7693), George McCoy (7695), Jerome Weinstein (7702), Ralph B. Draughon Library (7703), LeRoy A. Pieper (7704), Theodore Batcher (7718), Jeff Rose (7727), Gene D. Mintz (LA484) 12 Years Ian A. Marshall (7731, LM118), Glenn McDonald (7731, LM105), Dick Naven (7735), Jerry Yahalom (7741), Norman B. Buckman (7744), Lee Manske (7748) Eugene Wisakowsky (7755, LM133), Edward Hamm Jr. (7758), Robert N. Eddy: Jr. (7760), Gary G. Stevenson (7764), Thomas P. Gardner (7771), Douglas Babyak (7785), Douglas Corrigan (7788), Kent M. Fisher (7789), Judith Murphy (7792, LM262), John R. Stella (7795), James F. Mason III (7799, LM298), Bob Bolduc (7807, LM147), Philip Feder (7809), David L. Carpenter (7828, LM99), Russell Larimore (7830, LA4101), Lance K. Cambell (7836, LM135), 'DavidGel . A4 wicks (7844), Keith Bauman (7853), Phil Olson (7860), Jan Siedlecki ' (7861) Jeff Bachman (7869, L109), Carmine J. Tabacco (7874), Dorothea W. Seymour (7880), Ernie W. Feierabend (7885), Mark D. Tomasko (7888), Oesterrelehise National Bank (LM90), Jeffrey F. White (LA491) Russell Kaye or Allen i(e3(,9s74K ju899,7;j42de, ,k,eRIL(107:(94:2119d9260)42,E1);,):a (rislieRe91RYso5De. g8D;Her, sscaRVku(oi s7enbk n9cesc3orhelti. A. t.B7( Bill L811.9m 8Strauss t7c) ,)h9, eA6,D) (,a7Rev rii7td6c910,H3C, Richard RHy ILK.a3el erool pii6tnej)hsr: Covington (LM97), Robert Warren (LM98), Roy Lagomarsino (7980), Francis Congratulations The Treasury, Singapore 1-krold Don Alien SPMC Life Member 20 Charter Member and Past President International Bank Mote Society • ;Mohr/ pa //d. //am 7.11/41 JOHN A. PARKER ATLANTA NUMISMATIC & CURRENCY BANK NOTE & SECURITY PRINTED PAPER ITEMS P.O. BOX 20173 ATLANTA, GEORGIA 30325 j.a.parker.anc @ juno.com BUREAU OF ENGRAVING & PRINTING AMERICAN BANK NOTE CO. WATERLOW & SONS CANADIAN BANK NOTE, etc. PAPER MONEY • January/February 2001 • Whole No. 211 85 Congratulations on 40 Years of Service to the Paper Money Hobby I am a collector of the Scarcer Territorial, State and National Bank Notes Dealer and collector offerings are invited send photocopy, description and price Chet Krause P.O. Box 158 • Iola, WI 54945 PH: 715-445-4908 krausec @ krause.com 7 ace 4,44 aasac ns a 4 n 7 444777 a7. 47 n 4a 44 44 444 a 474 86 January/February 2001 • Whole No. 211 • PAPER MONEY C. Marinelli (7984, LM153), Frank H. Payne (7991), Marilyn Rehack (7993), Quintin Ham (8000, LA4110), Gordon Lew (8035), Charles Blayle (8039), David Gladfelter (8046, LM179), Lawrence U. Cookson (8049, LM231), Robert Herr (8059), Steve Weiner (8068) 10 Years Bob Kalinowski (8070, LA4117), Dan Paysner (8070, LA4119), James P. Potter (8073, LM245), Robert N. Birnbaum (8076, LMI 15), Steven G. Potach (8079), W. David Melnik (8080), Joseph D. McCarthy (8086, LM307), David F. Cieniewicz (8095, LA1316), John A. Sheaffer Jr. (8107, LA4134), G.A. Vandercook (8126), Barry A. Smith (8128), Dale B. Smith (8129, LM277), Sherill Blackman (8130, LM308), Frank S. Viskup (8133), George J. Schweighofer (8136), James Girasa (8146), Rob Evangelisti (8148), Joe S. Graves (8152, LM166), Matt Tudor (8153), Don DeFino (8154), John B. DeMaris (8161), David Grant (8168), Pat Barnes (8171), Paul Cuccia (8177), Kevin M. Palm (8181), Arri S. Jacob (8185, LM126), Michael Robinson (8188), Thomas F.X. O'Mara (8190, LM138), Robert W. Liddell III (8191, LM116), Cecil Brighton (8195) 9 Years Bureau of Engraving and Printing (8200 LA4144), Ray Anthony (8202), Vance Potcat (8207 LM252), Charles K. Heilman (8209), Mark J. Altschuler (8211), John Ciafrani (8221), P.W. Coombe (8223), Mark Rielly (8232), Carl Kanciruk (8233), John H. Hendrix (8243), John P. Galassie (8244), Phillip B. Lamb (8248 LM313), Bednar Consulting Group (8252), Daryl Crotts (8255 LM203), Gary P. Roessler (8261), John D. Coupe (8268), Carroll Blizzard (8272), John Fitzgerald (8278), Robert L. Gould (8279), Robert French (8285), Jules D'Hemecourt (8290), Patrick Cyrgalis (8297 LM202), Donald Gilletti Jr. (8299), James E. Kenney (8303), Gordon Raspe (8304), Dan M. Lesicko (8308), Joseph Maguire Jr. (8311), Tomasz Sluszkiewicz (8314), Steven Malast (8319 LM263), James A. Titus (8320), Cora Feintuch (8321), Steve Goldberg (8324), Henry Castorino (8325), Terry Trantow (8328), Philip R. Byrnes (8329), Michael D. Vicari (LMI23)), James W. Janz (8331), Donald Dekalb (8334), John J. Nyikos (8341), Roberti. Kravitz (8348 LM294), Robert W. Feller (8361 LM197), Eustolio G. Perez (8363 LM178), James C. Ehrhardt (8364), Karl Vandervoort (8365), James A. Simek (8368 LM290) A New Word for Our Fraternity By Gene Hessler, #3157, LM100, HLM10 During the preparation of the first edition of The Comprehensive Catalog of U.S. Paper Money, c. 1972-73, a learned friend and classical scholar expressed a desire for a word that would identify those who study and collect paper money and other fiscal paper, a word other than numismatics. After some thought on the subject, I contacted the Reverend Richard Doyle, Chairman of the Department of Classical Languages at Fordham University in New York. About a month later a new word was coined and introduced to the English language. Reverend Doyle submitted "syngraphics" as the appropri- ate word for our discipline and community. The word comes from the Greek syn, meaning with or together (as in syna- gogue -- a place where people come together), and graphikos, which means to write. In Latin, syngrapha means a written agreement to pay, a promissory note, or a bond. The Oxford Dictionary defines paper money as "a written promise to pay." In the same source syngraph is defined "as a written contract or bond signed by both or all parties, an obligation or bond between two or more." The first paper money in the western world was a hand- written goldsmith receipt. The art of engraving began in the 15th century. Etching and other methods by which copies of an original design are printed from a plate, block printing or the like is referred to as the graphic arts. Today bank notes are no longer handwritten, but are made from engraved, photoengraved and lithographed plates. Therefore, syngraphics is interpreted as the collecting of paper money, and since a serious collector studies what is col- lected, he or she is a syngraphist. The definition holds up with the original and the current definition of paper money. Thus, the science of paper money collecting and the study thereof is on a level equal to the study of coins and stamps. Syngraphics was soon embraced by our fraternity, at least by some members. Some were indifferent and others were even hostile. I received letters and read letters to editors about that "bastard" word. "What's wrong with ragpicker?" was one response. There is nothing wrong with this colloquial term. However, as serious observers and students, we deserve to have and should be proud and glad to accept and use this and other terms that are exclusive to our fraternity. For example, the world of coins has obverse and reverse, and security paper has the traditional face and back when describing each side of a note. Most of us began as collectors of coins and often find it difficult to break the habit of using obverse and reverse when describing paper money. Soon after the word syngraphics was introduced, I received a telephone call from a member of Mensa, the inter- national organization made up of members with high IQs. I was flattered that they were interested and wanted to know more about syngraphics. However, I did not submit the word to any dictionary, assuming that it would eventually appear in one or more. In late 1999, I finally got around to submitting the word and examples of uses as required to the Oxford Dictionary. I was told the word syngraphics would appear in the next edi- tion. For acceptance, even new words, at times, require lobby- ing. I am not adamant about the use of syngraphics; however, I will defend it as an appropriate and perfectly legitimate word that describes our exclusive fraternity that is made up of col- lectors of all types of fiscal paper and related documents. Until the 1960s, paper money collectors were those "other numismatists." Since the founding of this Society, paper money collectors have established themselves as a defi- nite force in the collecting field. We are here to stay: We are syngraphists. Let's See What Hessler Says By David Ray Arnold Jr., #1320 We were fortunate to have Gene Hessler serve as editor. His own writing is publishable elsewhere and his contributions to Paper Money have helped the journal attain its quality. I have long held an anecdote about Gene, and this is the time to relate it. My files contain a few letters from former directors and others in the Bureau of Engraving and Printing. My inquiries have always been replied to courteously and fully. A few years ago, I had once again asked for information and materials (If anyone can ask about something obscure, I can). The official who replied first apologized for the delay, explaining that in the attempt to help me he had decided to see what Gene Hessler had on the subject. I could not help but laugh. The august Bureau, sur- rounded by its own archives, had turned to the meticulous researcher who was our Journal's editor! Their action was logical, but it points up the trust and respect enjoyed by Gene Hessler. Society oif Paper Morey Collectors MEMBERSHIP DIRECTORY JUNE 30, 1970 Constitution and By•Lows Directories Controversial Membership Directories are a somewhat controversial sub- ject for many hobby organizations. A number of collectors desire such lists, especially those that detail interest areas, because this information is helpful in corresponding with fel- lows of like interests. Other collectors value privacy and do not wish to participate in these endeavors. During its four decades, SPMC has published five mem- bership directories. The very first issue of Paper Money included a com- plete listing of Charter Members and their inter- ests. Another was pub- lished in 1966. The pamphlet (at right) was published in 1970. Measuring only 5 1/4 by 7 inches, the 72-page list included a message from President Glenn B. Smedley, officer infor- mation, Society Consti- tution and By-Laws, as well as a Library Catalog between buff- colored card covers. Three years later, SPMC published a full-sized (8 1/2 by 11 inch) 96-page, paper-covered publication, that also included a geographical breakdown of Society members and historical information on meetings and members. Several other proposals for updated directories were voted down in the 1980s by the Society's Executive Board. Finally, in 1994 SPMC once again published a full-size directory, offering members the opportuni- ty to opt-in or opt-out of the listing. This 48-page, card-cov- ered publication included advertising. In recent years (including as recently as the St. Louis Board Meeting several months ago), the Board has turned down sug- gestions to publish additional directories, citing the difficulty in obtaining the necessary permissions from individual members, the tremendous amount of work involved, and the reality that such listings quickly become dated. Crutch Williams SPMC LM -25 www.CrutchWilliams.com PAPER MONEY • January/February 2001 • Whole No. 211 87 1NAN CE ' fragments of financial History" - 30035 Mirano (Venezia) ITALY Via della Vittoria. 19/10 Tel./Fax: +390 41 / 57.28.856 E-mail: olcipapers@financearea.it INTERNET - http://www.financearea.it r David D. Gladfelter Collector & Student of New Jersey's Historic Paper Money 228 Winding Way Moorestown, NJ 08057 New Jersey Iron Works and Mill Pond by William Kneass 88 January/February 2001 • Whole No. 211 • PAPER MONEY SPMC OFFICERS 1961-2001 Compiled by Bob Cochran, #5579, LM69 President Secretary Hank Bieciuk 1961-1963 George W. Wait 1961-1964 Thomas C. Bain 1963-1965 J. Roy Pennell, Jr. 1964-1967 George W. Wait 1965-1969 Vernon L. Brown 1967-1978 Glenn B. Smedley 1969-1971 Harry Wigington 1978-1979 J. Roy Pennell, Jr. 1971-1975 A.R. "Del" Beaudreau 1979-1981 Robert E. "Bob" Medlar 1975-1979 Robert Azpiazu, Jr. 1981-1984 Wendell W. Wolka 1979-1983 Gary Lewis 1984-1986 Larry Adams 1983-1987 Bob Cochran 1986-1998 Roger H. Durand 1987-1989 Fred L. Reed, III 1998- Richard J. Balbaton 1989-1991 Austin M. Sheheen, Jr. 1991-1993 Editor Judith Murphy 1993-1995 Hank Bieciuk 1962-1965 Dean Oakes 1995-1997 Barbara Mueller 1965-1976 Bob Cochran 1997-1999 Doug Watson 1976-1978 Frank Clark 1999- Barbara Mueller 1978-1984 Gene Hessler 1984-1998 First Vice President Marilyn Reback 1999 James J. Curto 1961-1963 Fred L. Reed, III 1999- Second Vice President Assistant Editor Thomas C. Bain 1961-1963 Charles Affleck 1962-1963 Fred Marckhoff 1962-1966 Vice President Dwight Musser 1962-1963 Dr. Julian Blanchard 1963-1965 Foster Wild Rice 1962-1963 William P. Donlon 1965-1969 Arlie Slabaugh 1962-1963 J. Roy Pennell, Jr. 1969-1971 Robert E. Medlar 1971-1975 Contributing Editor Eric P. Newman 1975-1979 Gene Hessler 1999- Larry Adams 1979-1983 Roger H. Durand 1983-1987 Advertising Manager Richard J. Balbaton 1987-1989 Bob Cochran 1999-2000 Austin M. Sheheen, Jr. 1989-1991 Robert Schreiner 2000- Judith Murphy 1991-1993 Dean Oakes Robert R. Moon 1993-1995 1995 Librarian Frank Clark 1995-1999 Earl Hughes 1964-1968 Wendell W. Wolka 1999- Barbara R. Mueller 1968-1973 Wendell W. Wolka 1973-1989 Treasurer Walter FormerRoger H. Durand 1989-1993 1994-1999Glenn B. Smedley 1961-1965 Richard J. Balbaton 1999- James L. Grebinger 1965-1967 I.T. Kopicki M. Owen Warns 1967-1969 1969-1975 Historian - Curator C. John Ferreri 1976-1979 Earl Hughes 1961-1965 Roger H. Durand 1979-1983 James F. Stone 1983-1986 Attorney Dean Oakes 1986-1993 Ellis Edlow 1961-1974 Tim Kyzivat 1993-1997 Robert J. Galiette 1983- Mark Anderson 1997- 1:rzyzie,„ tv DoTars. BILLcatite Bearer telrecclos Txr ai' Z"Spannh milled DOLLARS, tie lie4e t1ereaj4 'ratite?, =- corks, to ,e 24.16- theta ei,irifir,pap fd. at 8 al ti mo r e krtoruary ai, 1777• S'Y c,- 7 r, z . • ve0 er- X X OZ.:Z.21W • F. PAPER MONEY • January/February 2001 • Whole No. 211 89 Earlier days of collecting: personalities and occurrences By Neil Shafer, #681 The old saying goes: When everyone is playing baseball, you play soccer. How true that was for about a 20-year period from the early 1950s through 1975. Even good U.S. type coins could be bought for relatively low prices, while paper money of almost any kind went for virtually nothing. Confederate? A dollar or two for most pieces, with the better 1861 pieces worth a few hundred dollars, quite a sum for the time. Colonial and Continental? I recall purchasing a three-piece group in Phoenix from a downtown coin dealer for the princely sum of $7.50 for all three! Of course they were high grade or else I would not have bothered. The year? 1950! You can see the one I still have from those three at right. Ben Douglas, well-known Washington, D.C. deal- er from the 1950s to around 1970, had a large selection of obsoletes from all over, and at prices you would not believe. To bad that I did not know enough about them at the time to dig in with all I had. Ben also had a lot of Confederate and Southern States notes in stock, so much so that he co-authored a book with Brent Hughes on some of those issues. He also dealt in large size U.S. notes. One time he showed me a stack of the 1899 Indian Chief $5 Silver Certificates that was at least two inches high, all VF or better. He let me have one at face value because there were so many he could not afford to keep them all in stock! World notes were even lower in the esteem of col- lectors in those years. Nothing was worth any- thing, so if you blundered onto what was a good note you still bought it for a pit- tance. Trouble was that information on what was good was also practically non-existent, so you never knew for sure what you were looking at. In 1965 I did see an interesting-looking Chinese note in the window at RARCOA in downtown Chicago. Bill Pettit was in charge of foreign coin and paper sales at the time, and he tried to offer items that at least appeared unusual. Well, this time he really did have something I wanted, so I bought it at the full purchase price of $4.50. It also appears as an illustration with this narrative at left. Collecting and searching is still fun, but it certainly is different now, wouldn't you agree? + Tucked away Brown Back is one of life's prizes Robert R. Andrews, #1206 In the course of 50 years of collecting coins and paper money, many "prizes" have shown up when least expected. I'd like to share this one with you because it was of special interest to me. Some time ago the father of a friend of mine passed away. Among the items his daughter had to dispose of was an old roll top desk he had kept in the back of his store. After my friend acquired this desk, it sat in a back bedroom for several years. She could not, however, figure out how to open a door of the center cubbyhole. One day while trying once again to open this little door, her hand caught onto a small device and the door opened. She had no idea what she would find in this compartment. Much to her surprise, my friend's father had tucked away more than twenty $100 dollar bills. When she separated a few remaining bills she found several series 1899 Black Eagles and oh yes, a "different" note with a Brown Back. I was elated when she called me to get some idea of the value of these notes. I told her there were not many collectors of $100 bills, but the Brown Back interested me very much. I asked her on the phone the bank name and city, and she replied "The First National Bank of Bath, Maine." I told her to turn the note over and she would find a large 2743 in the center, which is the charter number of the bank. "How did you know that?" she asked? I told her I have a spe- cial interest in Maine notes, have collected several from there, but this one from Bath, Maine, caught my attention because my wife is from Bath, Maine, and we were married there. Upon asking her if the note was for sale, she said she would first see if her children had any special interest in it. Several months passed before she called to tell me it was for sale. We arrived at an agreed upon price. Now I have the note and it has been graded "Fine". I called Don Kelly to ask for more details on the note. He told me of the few Brown Backs reported on this bank, mine is the first and only $5 accounted for. This made me doubly pleased. By the way, it is not for sale! 90 January/February 2001 • Whole No. 211 • PAPER MONEY Publicity Chairman Larry Adams 1979-1983 C. John Ferreri 1983-1986 Larry Adams 1987-1988 Robert Moon 1989-1991 Mike Crabb 1992 Robert Moon 1993 New Member Coordinator Ronald L. Horstman 1981-1995 Judith Murphy 1995-1996 Frank Clark 1996- Wismer/Publication Coordinator Fred Marckhoff 1964-1966 Richard T. Hoober, Sr. 1966-1973 George W. Wait 1973-1977 Wendell W. Wolka 1977-1983 Richard T. Hoober, Sr. 1983-1990 Roger H. Durand 1991-1992 Steven K. Whitfield 1992- SPMC Publisher/Book Sales J. Roy Pennell 1965-1978 Harold Hauser 1978-1980 Fred Sheheen/Camden Company 1980-1982 Richard Balbaton 1982-1993 1929 Nationals Coordinator Arlie Slabaugh 1965-1968 Lee F. Hewitt 1967-1968 M. Owen Warns 1969-1986 Torn Snyder 1988-1997 Ken McDannel 1997 Frank Bennett 1997-1999 David Hollander 1999- SPMC Bank Note Photo Archivist Joe Kinney 1981-1987 SPMC GOVERNORS 1962: (Original Governors) Julian Blanchard, Harold L. Bowen, Ben Douglas, Amon G. Carter, Jr., Phillip H. Chase, James Kirkwood, Walter M. Loeb, Dwight L. Musser, Eric P. Newman, William A. Philpott, Jr., Peter Robin. 1962-1963: Julian Blanchard, Charles J. Affleck, Ben Douglas, Amon G. Carter, Jr., James Kirkwood, William A. Philpott, Jr., Robert H. Dickson, Michael Kolman, Jr., Morris H. Loewenstern, Julian Marks, John H. Swanson. 1963-1964: Hank Bieciuk, Julian Blanchard, Charles J. Affleck, Ben Douglas, James Kirkwood, Robert I-I. Dickson, Michael Kolman, Jr., Morris H. Loewenstern, Julian Marks, John H. Swanson, Arlie Slabaugh, Fred R. Marckhoff. 1964-1965: Thomas C. Bain, Julian Blanchard, William P. Donlon, Ben Douglas, Nathan Goldstein II, George D. Hatie, Morris H. Loewenstern, Fred R. Marckhoff, Paul S. Seitz, Arlie Slabaugh, Glenn Smedley, George W. Wait. 1965-1966: Thomas C. Bain, Dr. Julian Blanchard, William P. Donlon, Ben Douglas, Nathan Goldstein II, George D. Hatie, Morris Lowenstern, Fred R. Marckhoff, J. Roy Pennell, Jr., Glenn B. Smedley, George W. Wait, M. Owen Warns. 1966-1967: Thomas C. Bain, Dr. Julian Blanchard, Ben Douglas, Harley Freeman, Nathan Goldstein II, Maurice M. Gould, Alfred D. Hoch, Richard T. Hoober Sr., Morris Lowenstern, J. Roy Pennell, Jr., Glenn B. Smedley, M. Owen Warns. 1967-1968: Thomas C. Bain, William P. Donlon, Harley L. Freeman, Nathan Goldstein II, Maurice M. Gould, Warren S. Henderson, Alfred D. Hoch, Richard T. Hoober Sr., Morris Lowenstern, Charles O'Donnell, J. Roy Pennell, Jr., Matt Rothert, Glenn B. Smedley, George W. Wait, M. Owen Warns. 1968-1969: Thomas C. Bain, William P. Donlon, Harley L. Freeman, Nathan Goldstein II, Maurice M. Gould, Warren S. Henderson, Alfred D. Hoch, Richard T. Hoober Sr., Morris Lowenstern, John H. Morris, Jr., Charles O'Donnell, J. Roy Pennell, Jr., Matt Rothert, Glenn B. Smedley, George W. Wait, M. Owen Warns. 1969-1970: Thomas C. Bain, William P. Donlon, Harley L. Freeman, Nathan Goldstein II, Maurice M. Gould, James L. Grebinger, Alfred D. Hoch, Richard T. Hoober Sr., Brent H. Hughes, John H. Morris, Jr., Charles O'Donnell, J. Roy Pennell, Jr., Glenn B. Smedley, George W. Wait, M. Owen Warns. 1970-1971: Thomas C. Bain, Vernon L. Brown, Forrest W. Daniel, William P. Donlon, Nathan Goldstein II, James L. Grebinger, William J. Harrison, Richard T. Hoober Sr., Brent H. Hughes, Robert E. Medlar, Charles O'Donnell, J. Roy Pennell, Jr., Glenn B. Smedley, George W. Wait, M. Owen Warns. 1971-1972: Thomas C. Bain, Vernon L. Brown, Forrest W. Daniel, Nathan Goldstein II, Maurice M. Gould, David A. Hakes, William J. Harrison, Richard T. Hoober Sr., Brent H. Hughes, Robert E. Medlar, Charles O'Donnell, J. Roy Pennell, Jr., Glenn B. Smedley, George W. Wait, M. Owen Warns. 1972-1973: 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. 1973-1974: Thomas C. Bain, Vernon L. Brown, Forrest W. Daniel, James N. Gates, Maurice M. Gould, David A. Hakes, William J. Harrison, Brent H. Hughes, Robert E. Medlar, Eric P. Newman, Charles O'Donnell, J. Roy Pennell, Jr., Glenn B. Smedley, George W. Wait, M. Owen -Warns. 1974-1975: Thomas C. Bain, Vernon L. Brown, Forrest W. Daniel, James N. Gates, David A. Hakes, William J. Harrison, Robert E. Medlar, Eric P. Newman, Charles O'Donnell, J. Roy Pennell, Jr., Glenn B. Smedley, George W. Wait, M. Owen Warns, Harry G. Wigington, Wendell W. Wolka. 1975-1976: Larry Adams, Thomas C. Bain, Vernon L. Brown, Forrest W. Daniel, David A. Hakes, William J. Harrison, SOCIETY OF PAPER MONEY COLLECTORS INC. PAPER MONEY • January/February 2001 • Whole No. 211 91 Some Society officers chalked up lengthy service Some Society officers have chalked up lengthy terms of service. In case you wondered who served the longest at the various Society posts, here's the rundown: Longest service as President: 4 years 4 (Wait, Pennell, Medlar, Wolka, Adams) Longest service as Vice President: 4 years 4 (Donlon, Medlar, Newman, Adams, Durand) Longest service as Secretary: 12 years 12 (Cochran); 11 (Brown); 3 (Wait, Pennell, Reed) Longest service as Treasurer: 7 years 7 (Oakes); 6 (Warns); 4 (Smedley, Durand, Kyzivat, Anderson) Longest service as Governor: 22 years 22 (Wolka, Ferreri); 20 (Crabb); 19 (Colver, Taylor); 18 (Bain); 17 (Oakes); 14 (Wait, Pennell, Warns, O'Donnell, Hessler, Horstman); 13 (Smedley); 11 (Whitfield); 10 (Medlar, Friedberg) Longest service as Editor: 17 17 (Mueller); 14 (Hessler); 3 (Bieciuk) Longest service as Librarian: 16 16 (Wolka); 5 (Mueller, Durand) Longest Service as New Member Coordinator: 14 14 (Horstman); 5 (Clark) Longest service as Wismer Chairman: 14 14 (Hoober), 9 (Whitfield); 8 (Durand); 6 (Wolka) Longest service as 1929 NBN Coordinator: 17 17 (Warns); 9 (Snyder); 3 (Slabaugh) Longest service as Photo Archivist: 6 (Kinney) SPMC Elections: Officers are elected by the Board, but over the years, gov- ernors have been chosen in a variety of ways: 1961-1975 - Election by Board Members 1976-1977 - Election by Members at Annual Meeting 1978- - Election by Members in Mail Ballot* Note: *if required. The Board amended the Society By-Laws SPMC greeen and white plastic officer name badge. Size: 3x1.75 A number of individuals have served the Society in a variety of roles through the years. Top multiple office holders are: Multiple Offices (Exclusive of Governor) 5: Durand (President, VP, Treasurer, Librarian, Wismer Chairman) 4: Pennell (President, VP, Secretary, Publisher) 4: Wolka (President, VP, Librarian, Wismer Chairman) 4: Balbaton (President, VP, Librarian, Book Sales) 3: Wait (President, Secretary, Wismer Chairman) 3: Adams (President, VP, Publicity Chairman) 3: Oakes (President, VP, Treasurer) 3: Cochran (President, Secretary, Advertising Manager) 3: Clark (President, VP, New Member Coordinator) 3: Murphy (President, VP, New Member Coordinator) in 1977 to provide for direct election of SPMC Governors. The first direct election in 1978 brought in 800 ballots, about 40%t In many years, however, the number of candidates equalled the number of board vacancies, in which case the President directed the Secretary to cast a single ballot in favor of each, and no direct election was held. Below 1992 "Call for Nominations," and 1986 SPMC ballot. SOCIETY OF PAPER MONEY COLLECTORS 1986 ELECTION BALLOT CANDIDATES FOR THE BOARD OF GOVERNORS Directors: q Nancy Wilson q Charles Colver q Roman Latimer q Nelson Page Aspen q Dean Oakes 0. Roger Durand q Thomas Denly q Bernard Schaaf q Wendell Wolka q Robert Cochran Vote for 5 (five) candidates from the above listed slate. Please return ballot back to the Secretary in the enclosed special envelope. The ballots will remain sealed until the SPMC General Membership Meeting at the International Paper Money Convention, June 20-22, 1986 in Mem• phis, TN, where they will be opened and counted. GARY E. LEWIS Secretary Call for Nominations for 1992 Each year five members are elected to three-year terms on the SPMC Board of Governors. The following governors' terms ex- pire in 1992: Austin M. Sheheen, Ir., Dean Oakes, Charles Colver, Milton k Friedberg, and Wendell W. Wolka. A nominating committee has been established, and if you have any suggestions for candidates, please contact the chairman. In addition, candidates may be placed on the ballot in the following manner (I) A written nominating petition is submitted, which has been signed by ten current SPMC members: (2) An acceptance fetter from the person being nominated is submitted with the petition, (3) Any nominating petitions (and accompanying letters) MUST BE RECEIVED BY THE SECRETARY BY FEBRUARY 12, 1992. Ballots for the election will be included in the March/April 1992 issue of Paper Money. They will be counted at Memphis and announced at the SPMC general meeting held during the Intemational Paper Money Show. Nominees should send a portrait-photo and a brief biog- raphy with their letter of acceptance. Ron Horstman, Chairman Nominating Committee PO. Box 6011, St. Louis, MO 63139 Robert E. Medlar, Eric P. Newman, Charles O'Donnell, J. Roy Pennell, Jr., Glenn B. Smedley, George W. Wait, M. Owen Warns, Harry G. Wigington, Wendell Wolka. 1976-1977: Larry Adams, Thomas C. Bain, Michael Crabb, Jr., David A. Flakes, Richard Jones, Charles O'Donnell, J. Roy Pennell, Jr., Glenn B. Smedley, George W. Wait, M. Owen Warns, Wendell Wolka. 1977-1978: Larry Adams, Thomas C. Bain, Charles Colver, Michael Crabb, Jr., Richard Jones, Charles O'Donnell, J. Roy Pennell, Jr., George W. Wait, M. Owen Warns, J. Thomas Wills, Jr., Wendell Wolka. 1978-1979: Larry Adams, Thomas C. Bain, Charles Colver, Michael Crabb, Jr., Richard Jones, Charles O'Donnell, J. Roy Pennell, Jr., George W. Wait, M. Owen Warns, J.Thomas Wills, Jr., Wendell Wolka. 1979-1980: Larry Adams, Thomas C. Bain, Charles Colver, Michael Crabb, Jr., C. John Ferreri, Paul Garland, Peter Huntoon, Richard Jones, Robert Medlar, Charles O'Donnell, Jasper Payne, Stephen Taylor, Harry Wigington, J. Thomas Wills, Jr., Wendell Wolka. 1980-1981: Larry Adams, Thomas C. Bain, Charles Colver, Michael Crabb, Jr., C. John Ferreri, Paul Garland, Peter Huntoon, Richard Jones, Robert Medlar, Charles O'Donnell, Jasper Payne, Stephen Taylor, Harry Wigington, J. Thomas Wills, Jr., -Wendell Wolka. 1981-1982: Larry Adams, Thomas C. Bain, A.R. Beaudreau, Charles Colver, Michael Crabb, Jr., Roger H. Durand, C. John Ferreri, Paul Garland, Peter Huntoon, Richard Jones, Robert Medlar, Dean Oakes, Jasper Payne, Stephen Taylor, Harry Wigington. 1982-1983: Larry Adams, Walter Allan, A.R. Beauclreau, Charles Colver, Michael Crabb, Jr., Martin Delger, Roger H. Durand, C. John Ferreri, William Horton, Jr., Peter Huntoon, Richard Jones, Robert Medlar, Dean Oakes, Stephen Taylor, Steven Whitfield, Harry Wigington, John Wilson. 1983-1984: Larry Adams, Walter Allan, Charles Colver, Michael Crabb, Jr., Martin Delger, Roger H. Durand, C. John Ferreri, William Horton, Jr., Peter Huntoon, Roman L. Latimer, Dean Oakes, Bernard Schaaf, Steven Whitfield, John Wilson. 1984-1985: Walter Allan, Charles Colver, Michael Crabb, Jr., Roger H. Durand, C. John Ferreri, William Horton, Jr., Peter Huntoon, Charles Kemp, Roman L. Latimer, Donald Mark, Dean Oakes, Bernard Schaaf, Steven ANUtfield, John Wilson. 1985-1986: -Walter Allan, Charles Colver, Michael Crabb, Jr., Roger H. Durand, C. John Ferreri, William Horton, Jr., Charles Kemp, Roman L. Latimer, Donald Mark, Dean Oakes, Bernard Schaaf, Stephen Taylor, Steven Whitfield, John Wilson. 1986-1987: Charles Colver, Michael Crabb, Jr., Thomas W. Denly, Roger H. Durand, C. John Ferreri, William Horton, Jr., Peter Huntoon, Charles V. Kemp, Jr., Donald Mark, Douglas Murray, Dean Oakes, Stephen Taylor, Steven Whitfield, John Wilson, Wendell Wolka. 1987-1988: Richard J. Balbaton, Charles Colver, Michael Crabb, Jr., Thomas W. Denly, Roger H. Durand, C. John Ferreri, Gene Hessler, Ronald Horstman, William Horton, Jr., Douglas Murray, Dean Oakes, Stephen Taylor, Frank Trask, John Wilson, Wendell Wolka. 1988-1989: Nelson Page Aspen, Richard J. Balbaton, Charles Colver, Michael Crabb, Jr., C. John Ferreri, Milton R. Friedberg, Gene Hessler, Ronald Horstman, William January/February 2001 • Whole No. 211 • PAPER MONEY Horton, Jr., Robert R. Moon, Dean Oakes, Austin NI. Sheheen, Stephen Taylor, Frank Trask, Wendell Wolka. 1989-1990: Nelson Page Aspen, Bob Cochran, Charles Colver, Michael Crabb, Jr., C. John Ferreri, Milton R. Friedberg, Gene Hessler, Ron Horstman, Robert R. Moon, Judith Murphy, Dean Oakes, Bob Raby, Austin M. Sheheen, Jr., Stephen Taylor, Frank Trask, Wendell Wolka. 1990-1991: Nelson Page Aspen, Bob Cochran, Charles Colver, Michael Crabb, Jr., C. John Ferreri, Milton R. Friedberg, Gene Hessler, Ron Horstman, Robert R. Moon, Judith Murphy, Dean Oakes, Bob Raby, Austin M. Sheheen, Jr., Stephen Taylor, Frank Trask, Wendell Wolka. 1991-1992: Nelson Page Aspen, Charles Colver, Michael Crabb, Jr., C. John Ferreri, Gene Hessler, Ron Horstman, Robert R. Moon, William F. Mross, Judith Murphy, Dean Oakes, Bob Raby, Austin M. Sheheen, Jr., Stephen Taylor, Wendell W. Wolka. 1992-1993: Nelson Page Aspen, Charles Colver, Michael Crabb, Jr., C. John Ferreri, Milton R. Friedberg, Gene Hessler, Ron Horstman, Robert R. Moon, William F. Mross, Dean Oakes, Bob Raby, Stephen Taylor, Frank Trask, Wendell W. Wolka. 1993-1994: Frank Clark, Charles Colver, Michael Crabb, Jr., C. John Ferreri, Milton R. Friedberg, Gene Hessler, Ron Horstman, John Jackson, Robert R. Moon, William F. Mross, Dean Oakes, Stephen Taylor, Wendell W. Wolka. 1994-1995: Frank Clark, Charles Colver, Michael Crabb, Jr., C. John Ferreri, Milton R. Friedberg, Gene Hessler, Ron Horstman, John Jackson, Robert R. Moon, William F. Mross, Stephen Taylor, Wendell W. Wolka. 1995-1996: Frank Clark, Charles Colver, Mike Crabb, Raphael Ellenbogen, C. John Ferreri, Milton R. Friedberg, Gene Hessler, Ron Horstman, John Jackson, Tim Kyzivat, Robert Moon, William F. Mross, Dean Oakes, Stephen Taylor, Steven K. Whitfield, Wendell W. Wolka. 1996-1997: Frank Clark, Raphael Ellenbogen, C. John Ferreri, Milton R. Friedberg, Gene Hessler, Ron Horstman, John Jackson, Tim Kyzivat, Dean Oakes, Stephen Taylor, Wendell W. Wolka, Steven K. Whitfield, Wendell W. Wolka. 1997-1998: Mark Anderson, Frank Clark, Raphael Ellenbogen, C. John Ferreri, Milton R. Friedberg, Gene Hessler, Ron Horstman, Tim Kyzivat, Judith Murphy, Dean Oakes, Stephen Taylor, Steven K. Whitfield, Wendell W. Wolka. 1998-1999: Mark Anderson, Frank Clark, Raphael Ellenbogen, C. John Ferreri, Milton R. Friedberg, Gene Hessler, Ron Horstman, Judith Murphy, Dean Oakes, Fred L. Reed III, Stephen Taylor, Steven K. Whitfield, Wendell W. Wolka. 1999-2000: Mark Anderson, Frank Clark, C. John Ferreri, Gene Hessler, Ronald L. Horstman, Arri Jacob, Judith Murphy, Fred L. Reed III, Robert Schreiner, Stephen Taylor, Steven K. Whitfield, Wendell W. Wolka. 2000-2001: Mark Anderson, Benny Bolin, Frank Clark, C. John Ferreri, Gene Hessler, Ronald L. Horstman, Arri Jacob, Judith Murphy, Fred L. Reed III, Robert Schreiner, Steven K. Whitfield, Wendell Wolka. Sends his regards By Jeffrey L. Goodall, #7414, LM112 I still enjoy my Paper Money, but haven't been active with paper for the past eight years. I got a bit busy with the USAF. Now I'm in my second career, so I just might bring out the old paper and get the itch again. Best to all SPMC members. 1. 92 THE ENGRAVERS LINE by Gene Hessler. Hard cover. A complete history of the artists and engravers who designed U.S. Paper Money. $75.50 plus $3.50 postage. Total price $79.00. NATIONAL BANK NOTES by Don Kelly. The new 3rd Edition. Hard cover. Over 600 pages. The new expanded edition. Gives amounts issued and what is still outstanding. Retail price is $100.00. Special price is $65.00 plus $4.00 postage. Total price $69.00. U.S. ESSAY, PROOF AND SPECIMEN NOTES by Gene Hessler. Hard cover. Unissued designs and pictures of original drawings. $14.00 plus $2.00 postage. Total price $16.00. Stanley Moryez P.O. BOX 355, DEPT. M • ENGLEWOOD, 011 45322 937-898-0114 SUPERB UNITED STATES CURRENCY FOR SALE SEND FOR FREE PRICE LIST BOOKS FOR SALE COMPREHENSIVE CATALOG OF U.S. PAPER MONEY by Gene Hessler. 6th Edition. Hard cover. 579 pages. The new Edition. $32.00 plus $3.00 postage. Total price $35.00. w TAM trAfilliWISTWIF'2,'4, •"""'!' "' /kre 40.,w VoismvAltkiRAWIO 23EIVSZVEriN" 401611MM014,N4 D70990F rlEfAHTMEr11 SEFIlEff , .4 , • , -421:12CIED311033LOK D70990 akva09.03Niosti{ /44J Z141.11.12., .1".1.1r io=avak9.caoilEre N-929443 02■1131001MANSIOft i7i,/,/,/ /: /4, 4,,, ir N929 1 43 94 January/February 2001 • Whole No. 211 • PAPER MONEY SPMC Award Winners and Honorees 1961-2001 Compiled by Bob Cochran, Gene Hessler, George Tremmel & Fred L. Reed III Through the years SPMC has recognized its members and outside individuals for significant achievements and contribu- tions to our hobby. These honors take various means, recogniz- ing authors, exhibitors, and others whose efforts have con- tributed to the success of the Society. Awards were originally presented at SPMC annual meetings held in conjunction with annual American Numismatic Association conventions. In recent years, the Society's annual meeting and honoring of its members have shifted to the annual Memphis International Paper Money Show. Honorary (Life) Members Honorary Members were first recognized by the Board in 1967. Later when the Society established Life Membership, these distinguished honorees were then accorded Honorary Membership for Life: Honorary Member #1 Mrs. C. Elizabeth Osmun (Regular #193) Honorary Member #2 Thomas C. Bain (Regular #112) Honorary Member #3 Glenn B. Smedley (Regular #3) Honorary Member #4 William P. Donlon (Regular #74) Honorary Member #5 George W. Wait (Regular #5) Honorary Member #6 Charles J. Affleck (Regular #150) Honorary Member #7 Barbara R. Mueller (Regular #464) Honorary Member #8 James A. Conlon (Director BEP) Honorary Member #9 J. Roy Pennell Jr. (Regular #8) Honorary Member #10 Edward H. Weitzen (Regular #1090, Chairman ABNCo) Honoraiy Member #11 Robert P. Charles (VP Sales, ABNCo) Honorary Life Member #1 Robert L. Hendershott Honorary Life Member #2 Barbara R. Mueller (Regular #464) Honorary Life Member #3 Tom Bain (Regular #112, HM2) Honorary Life Member #4 Mike Crabb (Regular #3285) Honorary Life Member #5 George W. Wait (Regular #5, HM5) Honorary Life Member #6 M.Owen Warns (Regular #35) Honorary Life Member #7 [Director of BEP] Honorary Life Member #8 J. Roy Pennell (Regular #8) Honorary Life Member #9 [President of ABNCo] Honorary Life Member #10 Gene Hessler (Regular #3157, LM 100) Honorary Life Member #11 Judith Murphy (Regular #7792, LM262) Nathan Gold Award Winners The Nathan Gold Award is sponsored by Bank Note Reporter (before 1971 by Numismatic News) and SPMC for "sci- entific study of U.S. paper money." The award was established in 1961 by Chester L. Krause to perpetuate the aims and collect- ing ideals of the late Nathan Gold, one of the country's foremost pioneers in currency research. Presented at SPMC annual meet- ings as a lifetime achievement award, selections have been made by the SPMC Awards Committee since 1971. Recipients have included: Fred Marckhoff (1961), James Kirkwood (1962), Arlie Slabaugh (1963), Matt Rothert (1964), Grover Criswell Jr. (1965), William P. Donlon (1966), Neil Shafer (1967), Eric P. Newman (1968), Charles J. Affleck (1969), Raymond S. Toy (1970); William Philpott Jr. (1971), Dr. Arnold Keller (1972), Dr. John A. Muscalus (1973), Gene Hessler (1974), Albert Pick (1975), Louis W. Van Belkum (1976), Michael A. Crabb (1977), George W. Wait Jr. (1978), Dr. Glenn E. Jackson (1979), Chuck O'Donnell (1980), Thomas C. Bain (1981), Peter Huntoon (1982), John Hickman (1983), Barbara Mueller (1984), M. Owen Warns (1985), William R. Higgins Jr. (1986), Don C. Kelly (1987), J. Roy Pennell Jr. (1988), Chester L. Krause (1989), Gene Hessler (1990), Grover Criswell Jr. (1991), Forrest Daniel (1993), Martin Delger (1994), John Hickman (1995), Fred L. Reed 111 (1996), Brent Hughes (1997), Milton R. Friedberg (1998), Bob Kvederas Sr. and Bob Kvederas Jr. (1999) SPMC Annual Award Winners 1964 (ANA) Ben Douglas Literary Awards: (1st-$10 gold piece) Forrest Daniel "National Currency Notes of New Mexico and Arizona;" (2nd-52.50 gold piece) Ernest S. Craighead "Private Issues of the Civil War." D.C. Wismer Award: Fred R. Marckhoff. 1965 (ANA) Ben Douglas Literary Awards: (1st-S10 gold piece) Edward R. Barnsley "The Treasury of North America;" (2nd-$5 gold piece) Richard A. Banyai "Monetary Reform and Recovery of Post-War Germany 1945-1955." Outstanding Service Awards: William P. Donlon; George W. Wait; Mrs. Elizabeth Smart. Top Recruiter: Nathan Goldstein II. 1966 (ANA) Fred Marckhoff Literary Awards: (1st-S10 gold piece) Dr. Herbert Eccleston "The Morris Canal and Its Currency;" (2nd-$5 gold piece) Forrest W. Daniel "Bank Holiday Scrip of Carrington, North Dakota." Top Recruiter: Nathan Goldstein II. 1967 (ANA) Literary: (1st) Everett K. Cooper "Confederate Money, A Survey of the Source and Use of Paper;" (2nd) Joseph Persichetti "Federal Reserve Bank Notes, Series of 1929;" (Honorable Mention) Forrest W. Daniel and Peter Huntoon. Awards of Merit: Harley L. Freeman for Florida Obsolete Notes and Scrip; Barbara R. Mueller for outstanding work as Editor; Nathan Goldstein II, for unceasing promotion of SPMC in his Coin World column "Paper Money Periscope." Honorary Membership: Mrs. C. Elizabeth Osmun (daughter of D.C. Wismer) "for her continuing great efforts as con- sultant on the Wismer project," Thomas C. Bain and Glenn B. Smedley. 1968 (ANA) Literary: (1st) Dr. Arnold Keller "Collectors of Paper Money in the 18th and 19th Centuries;" (2nd) William J. Harrison "Bank Notes Engraved by Harrisons in the United States;" (Honorable Mention) Richard Banyai, M.O. Warns, Maurice M. Burgett, and Joseph Persichetti. Awards of Merit: "for their excellent books in the paper money field" to William P. Donlon, Neil Shafer and Theodore KemIll. Julian Blanchard Award: George W. Wait (exhibit of foreign proof notes with matching vignettes). Outstanding Service Awards: Ellis Edlow, James Grebinger, Richard T. Hoober, and J. Roy Pennell, Jr. 1969 (ANA) Literary: (1st) Forrest W. Daniel "Running Antelope - Misnamed Onepapa;" (2nd) Harry G. Wigington "Obsolete Paper Currency, Drafts & Scrip of California," PAPER MONEY • January/February 2001 • Whole No. 211 95 (3rd) Milton R. Friedberg ''New Information on Fractional Currency." Awards of Merit: Robert E. Medlar, and Dr. John A. Muscalus "for their contributions to paper money collecting." Julian Blanchard Award: Walter D. Allan (display of bank notes with matching vignettes). D.C. Wismer Award: Robert M. Hawes. Honorary Membership: William P. Donlon, George W. Wait and Charles J. Affleck. 1970 (ANA) Literary: (1st) Roland S. Carrothers "Silver Certificates - A Minor Variety, The Change-Over Pair;" (2nd) Everett K. Cooper "Paper Money Issued by Railroads in the Confederate States of America;" (3rd) William A. Philpott "Rare Signatures on Large Size U.S. Currency." Awards of Merit: Vernon L. Brown "excellent work as Secretary;" M. Owen Warns "outstanding work as Treasurer and work in preparing The National Bank Note Issues of 1929-1935." Julian Blanchard Award: George Wait (proof notes and matching die proofs). D.C. Wismer Award: Maurice Burgett. Top Recruiter: Nathan Goldstein II. Honorary Membership: Barbara R. Mueller and James A. Conlon (Director of BEP). 1971 (ANA) Literary: (1st) Michael M. Byckoff "Paper Money Issued in Russia During World War 1, 1915-1918;" (2nd) Peter Huntoon "1882 and 1902 Series National Bank Note Varieties Due to Large Circulation;" (3rd) Roland Carrothers "Silver Certificates - The Mule and the Common Bank Plate Numbers." Award of Merit: Maurice M. Burgett "for his work on the Kansas obsolete note listing" published in the Society jour- nal Paper Money. Julian Blanchard Award: Thomas F. Morris. D.C. Wismer Award: W. Phillip Keller. Top Recruiter: David A. Hakes. 1972 (ANA) Literary: (1st) Peter Huntoon "The Rare 1882 Denomination Reverse $50 and $100 Notes;" (2nd) William T. Anton, Jr. and Morey Perlmutter;"The $500 Treasury (Coin) Note, Series 1891;" (3rd) Frank A. Nowak "Series 1923 One Dollar Bills." Awards of Merit: Dr. Albert Pick "for his many contributions to paper money collecting and especially for his book European Paper Money Since 1900;" George W. Wait "for his tireless behind-the-scenes activities on behalf of SPMC." Julian Blanchard Award: Walter Allan. D.C. Wismer Award: Maurice Burgett. Top Recruiter: David A. Hakes. Special Tribute: Mr. and Mrs. William J. Harrison "for their work on the compilation of the 10-year Paper _Along Index." 1973 (ANA) Literary: (1st) Dr. Richard E. Dickerson "Counterfeiting in Germany After World War I;." (2nd) William P. Koster "Counterfeiting of Early U.S. Legal Tender Notes and Fractional Currency;" (3rd) Carl E. Mautz "The Clearing House Currency of Portland, Oregon." Awards of Merit: Mayre Burns Coulter "for her book Vermont Notes and Scrip;" Richard T. Hoober "for his years of service to SPMC and director of the Wismer revision project;" William J. Harrison "for compiling the comprehensive index to the first 10 years of Paper Money;" Nathan Goldstein II "for his long service on the Board of Governors and his promotion of the Society in other publi- cations." Julian Blanchard Award: Walter Allan. D.C. Wismer Award: Tj. Fitzgerald. Top Recruiter: David A. Hakes. 1974 (ANA) Literary: (1st) Peter Huntoon "The Types of 1882 and 1902 National Bank Notes;" (2nd) William P. Koster" Counterfeit-Proof (?) Currency Designs of 1869 and Later Years;" (3rd) Albert Pick "The Last Issues of Paper Money Circulated By German Commercial Banks in 1924-25." Award of Merit: Harry G. \Vigington "for work on the Wismer revision project and in compiling the lists of obso- lete notes of California and Montana which have been pub- lished in Paper Money." Julian Blanchard Award: T.J. Fitzgerald (Colonial & Continental currency). D.C. Wismer Award: T.J. Fitzgerald. Top Recruiter: David A. Hakes. 1975 (ANA) Literary: (1st) Nicholas Bruyer "The United States Postal Note;" (2nd) Raymond de Vos "The Paper Money of Monaco;" (3rd) Brent Hughes "Jay Cooke, Patriot Banker." Awards of Merit: R.H. Rockholt "for compiling and writing Minnesota Obsolete Notes and Scrip;" M. Owen Warns "for his many years as Treasurer of the Society, and for his contri- butions to numismatic literature, his book Nevada 'Sixteen' National Banks and the Mining Camps that Sired Them, and his contributions to The National Bank Note Issues of 1929- 1935;" Vernon L. Brown "for his years of labor as Secretary of the Society and other valuable contributions." D.C. Wismer Award: Val Pasvolsky. Top Recruiter: David A. Hakes. Honorary Membership: J. Roy Pennell Jr.; Edward H. Weitzen (Board Chairman, ABNCo); and Robert P. Charles (VP Sales, ABNCo). 1976 (ANA) Literary: (1st) William P. Koster "A Superb Counterfeit: The $100 Compound Interest Note;" (2nd) Charles V. Kemp, Jr. "The Freedman's Savings Bank;" (3rd) Virgil Culler "Chronology of the Minuteman Notes." Awards of Merit: L. Candler Leggett "for his book Mississippi Obsolete Paper Money and Scrip;" Barbara R. Mueller "for her years of dedicated service to the Society as Editor and Librarian." Julian Blanchard Award: Dr. Glenn Jackson. Top Recruiter: David A. Hakes. 1977 (ANA) Literary: (1st) Joseph R. Lasser "Members of the Continental Congress who Signed Continental Currency;" (2nd) Peter W. Huntoon "Basic Plate and Overprint Varieties on the First and Second Charter National Bank Notes;" (3rd) Gene Hessler "New York's First Currency Printer." Award of Merit: George W. Wait "for his book New Jersey's Money." Julian Blanchard Award: Dr. Glenn Jackson. D.C. Wismer Award: Maurice Burgett. Top Recruiter: Bob Medlar. 1978 (ANA) Literary: (1st) Roger H. Durand "Psst, Got Change for an Eight?" (2nd) Samuel L. Smith "The Bahamas Government Treasury Notes of 1868-1869;" (3rd) Walter 96 January/February 2001 • Whole No. 211 • PAPER MONEY Breen - New Look at Old Notes." Award of Merit: Doug Watson for his graphic improvements to Paper Money and new SPMC brochure." Julian Blanchard Award: Walter Allan. Top Recruiter: Bob Medlar. 1979 (ANA) Literary: (1st) Gene Hessler "New Information About the U.S. $3 Legal Tender Note;" (2nd) Richard T. Hoober "Philadelphia Clearing House Certificates;" (3rd) Harry M. Corrigan The Brotherhood of Locomotive Engineers Co-Operative National Bank of Cleveland." Awards of Merit: Wendell W. Wolka, Jack M. Vorhies, and Donald A. Schramm for their work on the book Indiana Obsolete Notes and Scrip," Thomas C. Bain "for his service to the Society, and in faithfully conducting the annual raffle for SPMC." Julian Blanchard Award: Nancy Wilson. Top Recruiter: Bob Medlar. 1980 (ANA) Literary: (1st) Ben E. Adams "The Raynolds Brothers: Pioneer Bankers of the West;." (2nd) Richard Kelly "French-Style Numbering Explained;" (3rd) Tom Knebl "Postage Due." Awards of Merit: Charles "Chuck" O'Donnell "for his numer- ous contributions to the field of paper money collecting;" Steven Whitfield and Maurice Burgett "for their work on Indian Territory/Oklahoma/Kansas Obsolete Notes and Scrip;" Peter Huntoon "for his book Territorials: A Guide to U.S. Territorial National Bank Notes;" Robert Medlar "for his ser- vice to the Society;" Murray Teigh Bloom "for his program at the 1979 meeting." Julian Blanchard Award: Martin Delger. SPMC Best of Show Exhibit Award: Dr. Glenn Jackson. 1981 (ANA) Literary: (1st) Forrest Daniel "James Swan's Plan for Paper Money;" (2nd) M. Owen Warns "Unique No. 1 Tonapah, Nevada Red Seal National Bank Note Surfaces After 73 Years;" (3rd) R. Logan Talks "A Study of 1928 United States Notes." Award of Merit: Roger H. Durand "for his work on the book published in cooperation with SPMC, Obsolete Notes and Scrip of Rhode Island and the Providence Plantations." Julian Blanchard Award: Douglas Hales. SPMC Best of Show Exhibit Award: Douglas Hales. 1982 (ANA) Literary: (1st) Peter Huntoon "The Paper Column," regular feature in Paper Money; (2nd) John Glynn "Ob Ost Notes used in Lithuania." Award of Merit: Dean Oakes "for his work on the Society's lat- est book, Iowa Obsolete Notes and Scrip." Julian Blanchard Award: Gene Hessler. SPMC Best of Show Exhibit Award: Joe Boling and Steve Whitfield (tie). 1983 (ANA) Literary: (1st) Richard Kelly "The National Bank of Egypt: It's Foundation and First Twenty Years;" (2nd) John Glynn "Money Used by Polish Officers in German Prison Camps in World War II;" (3rd) Ray Miller "The Debt Funding of Montana Territory." Award of Merit: Forrest Daniel "for his continuing contribu- tion to the hobby through his research and writings." Julian Blanchard Award: Gene Hessler. 1984 (ANA) Literary: (1st) William S. Dewey "The Old Torrey Store in Manchester, New Jersey and its Currency;" (2nd) Everett K. Cooper - "Confederate Paper Money in the Trans- Mississippi;" (3rd) John Glynn "Epitaph for the British One Pound Note;" (Honorable Mention) Forrest Daniel "Two Discount Coupons from Dakota Territory." Awards of Merit: Walter Rosene, Jr. "for authoring Alabama Obsolete Notes and Scrip;" Wendell Wolka "for excellent ser- vice to the Society." Julian Blanchard Award: Dr. Glenn E. Jackson. SPMC Best of Show Exhibit Award: Nancy Wilson. 1985 (Cherry Hill) Literary: (1st) Gene Hessler - "The Educational Note Designers: Blashfield, Low and Shirlaw;" (2nd) Harry E. Wigington "The Illinois Country Currency;" (3rd) M. Owen Warns "Analysis of the 14000 Series of National Bank Notes." Awards of Merit: Matt Rothert, Sr. "for his book Arkansas Obsolete Notes and Scrip;" Richard T. Hoober, Sr. "for his book Pennsylvania Obsolete Notes and Scrip;" Neil Shafer and Ralph A. Mitchell "for their work The Standard Catalog of Depression Scrip;" Robert Azpiazu, Jr. "for his outstanding work as Secretary;" William Horton, Jr. "for his work as chairman of the first International Paper Money Convention." Julian Blanchard Award: Dr. Glenn E. Jackson. SPMC Best of Show Exhibit Award: Tie Martin Delger and Gene Hessler (Memphis). SPMC Best of Show Exhibit Award: Howard Berlin (Cherry Hill). Vice President's Recruitment Award: Larry Adams. 1986 (Memphis) Literary: (1st) Peter Huntoon "The Wyoming Bank Massacre;" (2nd) Bob Cochran "The Crocker National Bank;" (3rd) Robert R. Moon "The National Banks of Kinderhook;" (Honorable Mention) Brent Hughes "A Confederate Mystery." Awards of Merit: Paul Garland "for his book The History of Early Tennessee Banks;" Gerome Walton and Leonard M. Owen "for their book A History of Nebraska Paper Money and Banking." Julian Blanchard Award: Dr. Glenn E. Jackson. SPMC Best of Show Exhibit Award: Howard Berlin. Vice President's Recruitment Award: John Wilson (Collector); Richard Balbaton (Dealer). 1987 (Memphis) Literary: (1st) Everett K. Cooper "Texas Civil War Currency;" (2nd) Bob Cochran "Organized Labor and Their Banks;" (3rd) David Ray Arnold "From the Bright Mohawk Valley." Awards of Merit: Alvin E. Rust "for his book Mormon and Utah Currency;" Dewitt G. Prather "for his book United States National Bank Notes and Their Seals;" Joe Kinney "for his work on the SPMC photo collection, which has since been donated to the Higgins Museum in Okoboji, Iowa;" Roy and Chiyo Peterson "for their many years of photo coverage at Memphis and many other shows." Julian Blanchard Award: Gene Hessler. SPMC Best of Show Exhibit Award: Nancy Wilson. Vice President's Recruitment Award: Richard Balbaton (Dealer); John Wilson (Collector). 1988 (Memphis) Literary: (1st) Henry N. McCarl "An Introduction to Confederate and Southern States Counterfeit Currency;" (2nd) Robert E. Cochran "Genuine 'Counterfeits?'" (3rd) Ronald L. Horstman "Demand Notes in St. Louis." Award of Merit: Martin Delger "for his superior efforts at organizing and managing exhibit programs, especially at the 97 a a a a).< a a a C a ).‹).< PAPER MONEY • January/February 2001 • Whole No. 211 ,x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x0x WE PROVIDE THE FOLLOWING TO THE TRADE, AUCTION cz) *Professional *Auction Consulting Services* Representation* *Auction Cataloging *Consignment & Research* Brokering* xc' BRUCE R. HAGENa Buying & Selling U.S. Obsolete Currencyx x Stock & Bond Certificates • Historical Financial Documentsaa P.O. Box 836x Bowling Green Station, New York, New York 10274-0836 x 1-212-721-2028 By Appointment In New York City t.= = PAPER N IONE i CM LLCTORS © X CIX0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X0X Buying & Selling All Choice to Gem CU Fractional Currency Paying Over Bid Please Call: 916-687-7219 ROB'S COINS & CURRENCY P.O. Box 303 Wilton, CA 95693 HOUSES, MUSEUMS AND PRIVATE COLLECTORS: cda INC FM tui1hEMI,110 WOMil aisle Tot iiikurict *IlrOtatt...., W40. Nr* Pin+ ems, 11111111 Nathan Gold Nathan Goldstein labored inten- sively and successfully to recruit new members for the fledgling SPMC. Twice Society "Founding Fathers" honored him with Awards of Merit for his efforts. Goldstein would be an ideal candidate for whom to name the Recruitment Award in the future. 98 January/February 2001 • \A/hole No. 211 • PAPER MONEY Society honors authors, exhibitors, recruiters and workers By Fred L. Reed III, #4912 SPMC bestows a variety of awards, most on an annual basis to deserving individuals. They include: Julian Blanchard Memorial Exhibit Award Awarded to the exhibit in Memphis (formerly at ANA) which best typifies the relationship between proofs, specimens, essais, stamps and bank notes and other syngraphic items. Notes may be of any kind and of any period or country. When Julian Blanchard (Charter Member #4) joined SPMC, his express interest was "paper money and stamps with similar designs." He pursued that interest here and in the Essay-Proof Society, of which he was President, with a particu- lar zeal. He served SPMC as Vice President and Governor, and was Awards Chairman when he died on Easter Sunday 1967. The award was established through a gift of Blanchard's nephew, Charles F. (#401), who donated $1,225 to endow the presentation of an annual award in his uncle's memory. First presented in 1968, this award was originally an engraved silver bowl. In 1974-6 the award was opened to "any outstanding exhibit in any field" because of a dearth of exhibits in areas of Blanchard's inter- est, however the practice of awarding it to exhibits outside Blanchard's metier ceased almost immediately. In some years since, the Blanchard Award has not been presented at all. Multiple winners have included: Gene Hessler 10 John Jackson 3 Walter D. Allan 5 George W. Wait 2 Glenn Jackson 5 Dr. Glenn Jackson Memorial Award At its Dec. 1, 1989, St. Louis Board Meeting, the Executive Committee approved Gene Hessler's suggestion that SPMC institute an award to honor the memory of Dr. Glenn E. Jackson (#540). This award is open to any author in any numismatic publi- cation for an outstanding article about bank note essais, proofs, specimens, and the engravers who created them. It is presented only if someone qualifies in the view of the Awards Committee. When presented, the award consists of a certificate, which includes an engraving by the American Bank Note Co. A dentist, Dr. Glenn Jackson was famous for his writings on engravers and vignettes in The Essay-Proof Journal, and for his exhibits displaying common usage of vignettes on a wide variety of syngraphic items. He was honored with the Nathan Gold Memorial Award, five Julian Blanchard Memorial Awards, and the inaugural 1980 SPMC Best of Show Exhibit Award. Jackson died in 1989. The award commenced in 1991. Multiple winners have been: Walter D. Allan 5 Mark Tomasko 2 Gene Hessler 2 Nathan Gold Memorial Award Established and formerly presented (1961-1970) by Numismatic News, now by the Bank Note Reporter and SPMC. Presented to a person(s) who has made a concrete contribution toward the advancement of paper money collecting. Since 1971, selection has been made by the SPMC Awards Committee, although recipients need not be members of SPMC to be chosen. Nathan Gold was one of the country's foremost pioneers in paper money research, and a con- tributor to Robert Friedberg's Paper Money of the United States. He was also a friend of Chet Krause's, and the numismatic publisher sought to memorialize his friend's contributions to the hobby with the award, which originally was a rolled metal scroll mounted on a plaque. Although it is often termed a "lifetime achievement" award, this honor may be presented more than once to a singleindivid- ual. It fact, Grover Criswell, Gene Hessler and John Hickman have won it twice. Vice President's Recruitment Award It has often been said that new members are the "life blood" of an organization, and SPMC is grateful to members who "spread the gospel." Fortunately through the years, a great many individuals have shared their enthusiasm for paper money and our Society with hobby acquaintances. Recruiting was imper- ative at the onset of SPMC and as fate would have it Charter Member #133, Nathan Goldstein II was on the Board of Governors in the early years. At the time he also penned the very popular column "Paper Money Periscope" in Coin World. Goldstein laced his informative columns with references to SPMC, its benefits and our journal, Paper Money. At his own expense, he mailed Society brochures to hun- dreds of his readers who requested information on the Society. Goldstein was named Chairman of the Member- ship Committee in 1969 to PAPER MONEY • January/February 2001 • Whole No. 211 99 Dr. Glenn Jackson with the first SPMC Best of Show Exhibit Award. spur recruitment. His efforts were so fruitful that "Founding Fathers" twice awarded him Awards of Merit for his success. Another early stalwart was SPMC Governor David A. Hakes. In 1971 Hakes placed second individually in the ANA's "National Coin Week" Competition for his promotion of SPMC, Iyhich included an article by Hakes published in Coin Worlel. The article brought in 120 new members to SPMC, among 159 Hakes recruited for the Society that year! In 1978 the Board voted to present a plaque to the top recruiter annually commencing the following year. In 1986 when Roger Durand was Vice President he attempted to revive recruitment efforts. A VP's plaque was presented initially. John Wilson (C) and Dick Balbaton (D) won it the first two years. In recent years a cash prize of $100 has been offered, although sev- eral winners have gratiously donated it back to the Society. From being known as the VP Recruitment Award, usage has morphed its title in common parlance into the VIP Recruitment Award. Either way, several outstanding supporters of the Society have won the recruitment award multiple times. They include (Note: Records are fragmentary): David A. Hakes 6 Stanley Morycz 3 Nathan Goldstein 3+ Frank Viskup 3 Tom Denly 3 Ron Horstman Richard Balbaton 3 John Wilson 2 SPMC Award of Merit Presented to an SPMC member or members who, during the previous year, rendered significant contributions to the Society which bring credit to the organization. This award succeeded and incorporated an "Outstanding Service" award that was also presented in the early years of the Society. A Special Tribute Award has also been presented. It may be awarded to the same person in different years for different contributions. In fact 16 honorees have won it twice. They are: Vernon L. Brown, Maurice Burgett, George W. Wait, NI. Owen Warns, Barbara Mueller, Neil Shafer, Nathan Goldstein, Forrest Daniel, Brent Hughes, Richard Hoober Sr., Peter Huntoon, Bob Medlar, Tom Denly, Roger Durand, Steve Whitfield, and Wendell Wolka. In 1974 when the Society was consolidating its award pro- gram, replacing certificates with plaques, and recodifying rules for future awards, Awards Committee member Glenn Smedley was of the opinion that the Outstanding Service Awards of 1965 and 1968 were equivalent to the Award of Merit. If that were so, we could add to the list of two-time winners William Donlon. In that case, George Wait and Dick Hoober would become three-time honorees. Apparently longtime Secretary Vernon L. Brown's opinion that they were distinct prevailed, although the Outstanding Service Award was appar- ently never resumed. SPMC Memorial Best of Show Award In 1979 at its June Board Meeting, Society governors voted to establish an award for the best exhibit at Memphis. The fol- lowing January, funds having been received in the memory of deceased members Bill Donlon and Maurice Burgett, the Board determined to use these funds to establish the exhibiting award. It was first presented in 1980 to Dr. Glenn Jackson (left). Multiple winners have been: Nancy Wilson. 3 Roger Durand 2 Raphael Ellenbogen 2 Howard Berlin 2 George W. Wait Memorial Prize This paper money research and publication monetary prize was established by the SPMC Board last year upon the sugges- tion of Fred Reed following the death of its namesake on April 7. Initially it carries a $500 monetary stipend annually. A single honoree may claim the entire prize, or several awards totalling $500 may be presented. If no applicant is deemed worthy by the SPMC Awards Committee, the award will be carried over. George W. Wait (Charter Member #5) was both President and Secretary of the Society, and a longtime Board Member. Author of two books in the Wismer series (New Jersey and Maine), Wait also chaired the Wismer Committee, and received many of the Society's highest honors. An avid proponent of paper money research and publication, it was natural for SPMC to perpetuate Mr. Wait's memory with such an award as this. The prize is open to anyone in any field of paper money research. As of this date, the application period for the 1st Annual Wait Memorial Prize is open until March 15th. Prior to establishing this award, the Board granted a similar sum in 1999 to Robert S. Neale for his book on The Bank of Cape Fear. SPMC D.C. Wismer Memorial Award This award's namesake David Cassel Wismer pioneered the cataloging of obsolete notes in the pages of The Numismatist. Although Wismer was deceased long before the coming of SPMC, "Founding Fathers" memorialized him and his efforts with our Wismer Project to catalog obsoletes as he did compre- hensively state-by-state. His daughter Mrs. C. Elizabeth Osmun (#193, HM1) took an active part in the Society in its early years as a consultant to the Wismer project. In 1964 and 1965 she contributed funds to provide an exhibit award for obsolete notes in her father's honor. The initial winner in 1964 was Fred R. Marckhoff for his display "Paper Money of the Indian Nations." Multiple winners have included Maurice Burgett (3) and Tom Fitzgerald (2). SPMC continued to fund this award at least through 1977, contributing $15-$20 annually for that purpose, although Board Members frequently complained that ANA failed to credit our doing so. 100 January/February 2001 • Whole No. 211 • PAPER MONEY Memphis show:" Aubrey and Adeline Beebe "for their many contributions to the hobby culminating in the donation of their paper money collection to the ANA." Julian Blanchard Award: Gene Hessler. Vice President's Recruitment Award: Richard Balbaton. Honorary Membership: M. Owen Warns. 1989 (Memphis) Literary: (1st) David Ray Arnold, Jr. "The Calmady Children:" (2nd) Rodney Battles "John S. Fillmore, U.S.A. Paymaster;" (3rd) Ronald L. Horstman "The First Greenbacks of the Civil War." Award of Merit: James Hatay "for his Standard Catalog of U.S. Obsolete Bank Notes." Julian Blanchard Award: Gene Hessler. SPMC Best of Show Exhibit Award: Roger Durand. Vice President's Recruitment Award: Bob Cochran. 1990 (Memphis) Literary: (1st) Bob Cochran "Alabama:" (2nd) Peter Huntoon and Doug Walcutt "National Banks Chartered Under the Act of February 25, 1863;" (3rd) Robert R. Moon "A History of the Banks of the City of Hudson, New York." Awards of Merit: Roger H. Durand "for many years of service to the Society and for his book Interesting Notes about Denominations;" Thomas Denly "for publicity work and for recruiting new members." Special Literary Award: Michael J. Hodder and Q. David Bowers "for their Standard Catalog of Encased Postage Stamps." Julian Blanchard Award: Gene Hessler. Vice President's Recruitment Award: Tom Denly. SPMC Best of Show Exhibit Award: C.M. Nielsen. 1991 (Memphis) Literary: (1st) Stephen Schroeder "A Brief History of Free Banking in Minnesota;" (2nd) David Ray Arnold, Jr. "Heroes and Humbug: State Scrip of South Carolina;" (3rd) Peter Huntoon and William K. Raymond "National Gold Banks and National Gold Bank Notes." Award of Merit: Steven Whitfield "for continuing research about Kansas obsolete notes and previous service to the Society." Julian Blanchard Award: Gene Hessler. Dr. Glenn Jackson Memorial Award: Gene Hessler. Vice President's Recruitment Award: Ron Horstman. SPMC Best of Show Exhibit Award: James Simek. 1992 (Memphis) Literary: (1st) Steven K. Whitfield "The Lawrence Bank;" (2nd) Forrest Daniel "Minnesota's Road Building;" (3rd) Andrzej Mikolajczyk "Paper Money in Partitioned Poland." Award of Merit: Tom Denly "for recruiting over 150 SPMC members since recruiting records have been kept." Julian Blanchard Award: Gene Hessler. Vice President's Recruitment Award: Ron Horstman. SPMC Best of Show Exhibit Award: Roger Durand. 1993 (Memphis) Literary: (1st) C. John Ferreri "America's First Historical Vignettes on Paper Money;" (2nd) Brent H. Hughes "Some Troublesome Counterfeits;" (3rd) Robert R. Moon "The Brief History of the Germantown National Bank." Awards of Merit: Richard Jones "for his contribution to Virginia Obsolete Paper Money." Dr. Glenn E. Jackson Memorial Award: Walter Allan. Julian Blanchard Award: Gene Hessler. Vice President's Recruitment Award: Tom Denly. SPMC Best of Show Exhibit Award: Doug Walcutt. 1994 (Memphis) Literary: (1st Tie) Charles Surasky "The First and Last Postal Notes 1883-1894;" and David Grant "The Bankers World's Fair National Bank;" (2nd) Thomas F. Eagan "Peter McCartney, Counterfeiter;" (3rd) Dean Oakes - "Iowa Obsolete Notes and Scrip." Awards of Merit: Gene Hessler "for his book The Engraver's Line;" Brent Hughes "for his years of literary contributions to Paper Money;" Peter Huntoon "for his years of literary contributions to Paper Money." Julian Blanchard Award: John Jackson. Dr. Glenn E. Jackson Memorial Award: Walter Allan. Vice President's Recruitment Award: Stanley Morycz. SPMC Best of Show Exhibit Award: John Jackson. 1995 (Memphis) Literary: (1st) Stephen Goldberg "Sorting the Issues of New York City;" (2nd) Gene Hessler "Two Unique Interest- Bearing Notes;" (3rd) Robert R. Moon "Why I Collect New York State Nationals." Julian Blanchard Award: Walter Allan. Dr. Glenn E. Jackson Memorial Award: Walter Allan. Vice President's Recruitment Award: Stanley Morycz. SPMC Best of Show Exhibit Award: Raphael Ellenbogen. 1996 (Memphis) Literary: (1st Tie) Forrest W. Daniel "Legal Tenders, 5-20 Bonds and Politics;" and Mark Tomasko "The Work of Kenneth Guy;" (2nd) C. John Ferreri - "In Search of a Portrait of the First President of the U.S. on State or Federal U.S. Paper Money;" (3rd) David Grant "National Currency from the National Bank of Commerce in St. Louis." Awards of Merit: Mary Lou Stubbolo and Gretchen Wagner "for their 15 years of technical contributions to the produc- tion of Paper Money;" George B. Tremmel "for preparing the Paper Money Index." Julian Blanchard Award: John Jackson. Dr. Glenn E. Jackson Memorial Award: Walter Allan. Vice President's Recruitment Award: Stanley Morycz. SPMC Best of Show Exhibit Award: Raphael Ellenbogen. 1997 (Memphis) Literary: (1st) Forrest W. Daniel "The Printer's Devil Note;" (2nd) Ronald J. Benice "The Banks of Sing Sing;" (3rd) Stephen M. Goldberg - "Sorting the Issues of New York City." Award of Merit: Zeljko Stojanovic "for Paper Money of Serbia and Yugoslavia." Julian Blanchard Award: John Jackson. Dr. Glenn E. Jackson Memorial Award: Gene Hessler. Vice President's Recruitment Award: Frank Viskup, Jr. SPMC Best of Show Exhibit Award: Nancy Wilson. 1998 (Memphis) Literary: (1st) John Martin Davis, Jr. "The Last Bond of the Lost Cause;" (2nd) David D. Gladfelter and William S. Dewey "Bergen Iron Works Scrip;" (3rd) Peter Huntoon "U.S. Small-Size $5 Mules." Award of Merit: Don Kelly for his revised National Bank Notes. Julian Blanchard Award: Benny Bolin. Dr. Glenn E. Jackson Memorial Award: Mark Tomasko. Vice President's Recruitment Award: Frank Viskup, Jr. SPMC Best of Show Exhibit Award: Ron Yeager. 1999 (Memphis) Literary: (1st) Kevin Lafond "John Davenport and His Merchant Scrip;" (2nd) Forrest Daniel "Post Check Notes - Double Duty Convertible Currency;" (3rd) Dave Grant - PAPER MONEY • January/February 2001 • Whole No. 211 101 CHECK THE "GREENSHEET" GET 10 OFFERS THEN CALL ME FOR WRITE) FOR MY TOP BUYING PRICES The Kagin name appears more often than any other in the pedigrees of the rarest and scarcest notes (U.S. Paper Money Records by Gengerke) BUY ALL U.S. CURRENCY Good to Gem Unc. I know rarity (have handled over 95% of U.S. in Friedberg) and condition (pay over "ask" for some) and am prepared to "reach" for it. Premium Prices Paid For Nationals (Pay 2-3 times "book" prices for some) BUY EVERYTHING: Uncut Sheets, Errors, Stars, Special Numbers, etc. I can't sell what I don't have Pay Cash (no waiting) - No Deal Too Large A.M. ("Art") KAGIN 505 Fifth Avenue, Suite 1001 Des Moines, Iowa 50309-2316 (515) 243-7363 Fax: (515) 288-8681 At 80 Now is The Time - Currency & Coin Dealer Over 50 Years I attend about 25 Currency-Coin Shows per year Visit Most States (Call, Fax or Write for Appointment) Collector Since 1928 Professional Since 1933 Founding Member PNG, President 1963-64 ANA Life Member 103, Governor 1983-87 ANA 50-Year Gold Medal Recipient 1988 Art Kagin in 1941-2 102 January/February 2001 • Whole No. 211 • PAPER MONEY "A Survey of the Bank of Latvia Bank Note Issues During the 1920s." Awards of Merit: Earl Hughes "for his efforts producing Kentucky Obsolete Notes and Scrip," Judith Murphy "for supervising regional programs;" Glen Johnson "for estab- lishing the Society's web site;" Frank Levitan and Lyn F. Knight "for the generous donation of 53,500 to the Society from the proceeds of the special edition catalog of the Levitan Collection." Julian Blanchard Award: Mark Tomasko. Dr. Glenn E. Jackson Memorial Award: VValter D. Allan. Vice President's Recruitment Award: Frank Viskup, jr. SPMC Best of Show Exhibit Award: Tom O'Mara. 2000 (Memphis) Literary: (lot) Dave Grant "A Curious Pair of Wichita Nationals;" (2nd) Ron Benice "Florida Currency During Reconstruction;" (3) Marvin Ashmore "A Portrait of John Stark." Awards of Merit: Fred Reed "for his tremendous efforts in restoring the normal schedule and for his willingness to assume the editorship of the Journal;" Bob Cochran "for his initiative in creating and assuming the Advertising Manager for the journal. Julian Blanchard Award: Gene Hessler. Dr. Glenn E. Jackson Memorial Award: Mark Tomasko. Vice President's Recruitment Award: Tom Denly. SPMC Best of Show Exhibit Award: Mark Rabinowitz 2000 (St. Louis) Awards of Merit: Forrest Daniel and Brent Hughes "for con- ceiving, designing and executing the SPMC logo, which has served the Society and its membership so well for so long;" Michael Frebert and Dover Litho Printing Co. "for the excellence of its printing of our Society journal, Paper Monty, for 18 years, and for going beyond the call of duty to help us return the magazine to its normal publishing sched- ule earlier this year." Society awards have taken a number of forms over the years The first awards distributed by the Society were gold coins in the years 1964 and 1965 donated by Charter Member Ben Douglas for the best articles published in Paper Money. The fol- lowing year the Society donated the gold coins in 1966 in the name of deceased paper money researcher Fred Marckhoff. Beginning in 1967 Certificates were substituted. During the early 1970s, when Forrest Daniel chaired the Awards Committee, plaques were created to acknowledge hon- orees, and at that time plaques were also furnished to certificate- holders. Trophies, and in the case of early Julian Blanchard Award winners silver bowls, engraved clocks and mounted curren- cy have also been used to honor various achievements. Shown, veteran SPMC members David D. Gladfelter and William S. Dewey celebrate selection of their article "Bergen Iron Works Scrip" as 2nd Place Literary Award winner in 1998. Their article appeared in Paper Money issue no. 189. In that year the Society Awards Committee decided to aban- don the plaques which had been given out for many years, in favor of a large mug engraved with the SPMC logo and the appropriate information. Winners tell us that it was a popular decision. This photo shows David (left) and Bill (right), hoisting their awards in a toast to themselves and their fellow SPMC members. By David D. Gladfelter, #8046, LM179 Between us, Bill and I have 155 years of experience, some of it in numismatics! As you can see from the photo, we are breaking in our SPMC award mugs with a drink of sparkling cider (the alcohol-free kind) at his house in the Fall of 1998. I'm particularly pleased with this scene because Bill and I had corresponded about this article for quite a few years. By this time Bill (who was ANA librarian in the 1940s, and more recently a Krause "Numismatic Ambassador") had turned 90. I thought it might be time to move the article to the front burner. We sent drafts back and forth, and we had a number of phone calls. When we both agreed it looked right, I sent it in to Gene Hessler, who ran it. The award mugs were a big surprise. They just landed on my porch one day without any advance warning. The awards commit- tee didn't have Bill's address to send him his own mug, as Bill had let his membership lapse. So I called him. It was just as well as it gave us a chance to get together for a celebration. David D. Gladfelter and William S. Dewey We took a lot of photos like the one above, which are great reminders of the event. Bill has a perfect place to put his award. Being an engineer and volunteer chairman of his local water and sewer authority after he retired, lie already had an award plaque with a golden spigot on it for his service on the authority. The mug can go under the spigot in case there is ever a drip. With respect to writing articles for Paper Money, one writes about one's own interests -- even paid writers who take assign- ments from editors do this. But to me, this makes for the most interesting articles for our readers. My main reason for collecting is that collectibles have stories to tell if you take the trouble to dig them out. Another article in the making is one on which I had long cor- respondence with Bob Lindesmith. To this day, the article hasn't been written, and now Bob is gone. Fortunately this did not hap- pen in the case of my article with Bill. Thank goodness. No one can afford to collect everything, but it costs nothing but your dues to read the stories told by fellow collectors about their interests. A note in a catalog is pretty dull, but a note as a piece of history, or thing of economic value, or example of engrav- ing skill and design becomes symbolic of its time and place. + PAPER MONEY • January/ February 2001 • Whole No. 211 103 SPMC Officers, Project Chairmen, Award Winners and Additional Honorees 1961-2001 Compiled by Bob Cochran, Gene Hessler and Fred L. Reed III Note: In the listing that follows, certain abbreviations have been used to economize space: AC=Awards Chairman; AM=Award of Merit; BL=By-Laws Chairman; BOS=Best of Show; DCW=D.C. Wismer Award; E=Exhibiting Award; FC=Finance Committee Chairman; GC=Grading Committee Chairman; GJ=Glenn Jackson Award; HLM=Honorary Life Membership; HM=Honorary Membership; JB=Julian Blanchard Award; L=Literature Award; LI=Library/ Index Chairman; LM=Life Member; LMC=Life Member Chairman; MR=Member Recruitment Chairman; NC=Nominating Committee Chairman; NG=Nathan Gold Award; OS=Outstanding Service Award; PA=Patrons Association Coordinator; PC=Publications Chairman; PP=Privacy Policy Chairman; RA=Recruitment Award; RC=Regional Coordinator; RT=Retention Coordinator; SC=Slides Chairman; SL=Special Literature Award; ST=Special Tribute; WC=Wait Award Chairman; #=Membership Number; i.e. AM79 is Award of Merit in 1979, or L88-2nd is 2nd place Literature Award in 1988. Adams, Larry: #2278; President (83-87); Vice President (79-83); Governor (75-84); AC (76-79); Publicity Chairman (79-83); RA (85); RC (79-81); SC (81); L80-1st Affleck, Charles: #150; HM6 (8/15/69); Governor (62-64); Assistant Editor (62-63); 1-IM69; NG69 Allan, Walter: #1477; LM311; Governor (82-86); NC (84); GJ93; G194; GJ95; GJ96; GJ99; JB69; JB72; JB73; JB78; JB95 Anderson, Mark: #7300; Treasurer (97- ); Governor (97-01); PP (00) Anton, William: #2177; L72-2nd Arnold, David Ray: #1320; L87-3rd; L89-1st; L91-2nd Ashmore, Marvin: #307; L00-3rd Aspen, Nelson Page: #3004; Governor (88-93); AC (89, 92) Azpiazu, Robert: #4844; Secretary (81-84); AM85 Bain, Torn: #112; 1-1M2 (8/11/67); President (63-65); 2nd VP (61-63); Governor (64-82); AC (64); NC (66, 68); AM79; H1167; NG81 Balbaton, Richard: #2446; President (89-91); Vice President (87- 89); Governor (87-89); Librarian (99- ); Book Sales (82- 91); PC (86-87); Publisher (82-91); RA (86-87) Banyai, Richard: #657; L65-2nd; L68-HM Barnsley, Edward: #1361; L65-1st Battles, Rodney: L89-2nd Beaudreau, A.R. Del: #2447; Secretary 79-81; Governor (81-83) Beebe, Adeline: AM88 Beebe, Aubrey: #192; AM88 Benice, Ronald: #6026; L97-2; L00-2m1 Bennett, Frank: #2877; LM235; 1929 NBN Chairman (97-98) Berlin, Howard: E85-BOS; E86-BOS Bolin, Benny: #6795; Governor (00-01); JB98 Boling, Joe: #3967; E82-BOS Bieciuk, Hank: #1; President (61-63); Governor (63-64); Editor (62-65) Blanchard, Julian: #4; Vice President (63-65); Governor (62-67); AC (65-66); namesake of an exhibiting award Bloom, Murray Teigh: AM80 Bowen, Harold: #40; Governor (1962) Bowers, Q. David: #780; SL90 Breen, Walter: #3778; L78-3rd Brown, Vernon: #224; Secretary (67-78); Governor (70-76); AM70; AM75 Bruyer, Nicholas: #3448; L75-1st Burgett, Maurice: #92; author Indian Territory/Oklahoma Wismer book (80); DCW70; DCW72; DCW77; L68-HM; AM71; AM80 Byckoff, Michael: #274; L71-1st Carrothers, Roland: L70-1st; L71-3rd Carter, Amon Jr: #320; Governor (62-63) Charles, Robert P.: HA/111 (8/21/75); HM75 Chase, Phillip: #79; Governor (1962) Clark, Frank: #5900, LM193; President (99- ); Vice President (95-99); Governor (93-01); New Member Coordinator (96- ), MR (96- ); NCO() Cochran, Bob: #5579; LM69; President (97-99); Secretary (86- 98); Governor (89-91); Advertising Manager (99-00); AC (94); BL (86); NC (94, 98); A1400; L86-2nd; L87-2nd; L88-2nd; L90-1st; RA89 Colver, Charles: #3793; Governor (77-96); NC (81, 85) Conlon, James A.: HM8 (8/21/70); H1V470 Cooper, Everett: #986; L67-1st; L70-2nd; L84-2nd; L87-1st Cormier, Roland: #3040; PA (86-89) Corrigan, Harry: #3580; L79-3rd Coulter, Mayre B.: author Vermont Wismer book (73); AM73 Crabb, Mike: #3285; HLM4; Governor (76-96); Publicity Chairman (92); NC (78, 83); NG77 Craighead, Ernest: L64-2nd Criswell, Grover: #342; NG65, NG91 Culler, Virgil: L76-3rd Curto, James J.: #2; 1st VP (61-63) Daniel, Forrest: #121; Governor (70-76); AC (71-75); LMC (75); NC (75); AM83; AMOO; L64-1st; L66-2nd; L67-HM; L69- 1st; L81-1st; L84-HM; L92-2nd; L96-1st; L97-1st; L99-2nd; NG93 Davis, John Martin: #6978; LM251; L98-1st de Vos, Raymond: #1390; L75-2nd Delger, Martin: #4762; Governor (82-84); RC (83); AM88; E85- BOS; JB80; NG94 Denly, Tom: #5573; LM1; Governor (86-88); PA (84-86); AA490; AM92; RA90; RA93; RA00 Dewey, William S.: L84-1st; L98-2nd Dickerson, Richard: #2944; L73-1st Dickson, Robert: #60; Governor (62-64) Donlon, William: #74; HM4 (8/15/69); Vice President (65-69); Governor (64-66, 67-71); NC (65); 0S65; AM68; HM69; NG66 Douglas, Ben: #80; Governor (62-67); literary award sponsor (64-65) Durand, Roger: #2816; President (87-89); Vice President (83- 87); Treasurer (79-83); Librarian (94-99); Governor (81-88); Wismer Chairman (91-92); FC (86-87); LMC (81); MR (83- 87); PC (84, 97); author Rhode Island Wismer book (81); AM81; AM90; E89-BOS; E92-BOS; L78-1st Eagan, Thomas: L94-2nd Eccleston, Herbert: #196; L66-1st Edlow, Ellis: #82; Attorney (61-74); BL (65); 0S68 Ellenbogen, Raphael: #3922; Governor (95-99); RT (98-99); E95-BOS; E96-BOS Fenwick, Charles: PC (84-85) Ferreri, C. John: #2570; Treasurer (76-79); Governor (79-01); AC (93); NC (86-88); Publicity Chairman (83-86); L93-1st: L96-2 nd Fitzgerald, T.J.: #3179; DCW73; DCW74; JB74 Former, Walter: #7661; LM87; Librarian (89-93) Frebert, Michael (Dover Litho Printing Co.): AMOO Freeman, Harley: #43; Governor (66-70); NC (67); author Florida Wismer book (67); AiM67 104 January/February 2001 • Whole No. 211 • PAPER MONEY Friedberg, Milton: #1370; Governor (88-91, 92-99); AC (93); L69-3rd; NG98 Galiette, Robert: #3462; Attorney (83- ) Garland, Paul: #1237; Governor (79-82); AM86 Gates, James: #2390; Governor (72-75) Gladfelter, David: #8046; LM179; L98-2nd Glynn, John: #3267; L82-2nd; L83-2nd; L84-3rd Goldberg, Stephen: #8324; L95-1st; L97-3rd Goldstein, Nathan: #133; Governor (64-73); MR (69-70); AM67; AM73; RA65; RA66; RA70 Gould, Maurice: #69; Governor (66-74); AC (67-68) Grant, David: #8168; L94-1st; L96-3rd; L99-3rd; L00-lst Grebinger, James: #97; Treasurer (65-67); Governor (69-71); 0S68 Hakes, David: #2128; Governor (71-77); RA71; RA72; RA73; RA74; ILA75; RA76 Hales, Douglas: #4924; JB81; E81-BOS Harrison, William: #48; Governor (70-76); LI (71); NC (74); AM73; L68-2; ST72 Harrison, Mrs. William: ST72 Hatie, George: #124; Governor (64-66) Hauser, Harold: Publisher (78-80) Hawes, Robert M.: #1513; DCW69 Haxby, James: AM89 Hendershott, Robert: HLM1 Henderson, Warren: #77; Governor (67-69) Hessler, Gene: #3157; LM100; FILM10; Governor (87-01); Editor (84-98); Contributing Editor (99- ); AC (96); PC (92- 93); A11194; E85-BOS; GJ91; GJ97; JB82; JB83; JB87; JB88; JB89; JB90; JB91; JB92; JB93; JBOO; L77-3rd; L79-1st; L85- 1st; L95-2nd; NG74; NG90 Hewitt, Lee F.: 1929 NBN Chairman (67-68) Hickman, John: #1590; NG83; NG95 Higgins, William R.: #2950; NG86 Hoch, Alfred: #120; Governor (66-70) Hodder, Michael: SL90 Hollander, David: #5052; LM27; 1929 NBN Chairman (1999- ) Hoober Sr., Richard: #349; Governor (66-72); Wismer Chairman (66-73, 83-84); author Pennsylvania Wismer book (85); AM73; AM85; L79-2nd; 0S68 Horstman, Ronald: #1526; LM12; Governor (87-01); New Member Coordinator (81-95); MR (87-95); NC (89-93); L88- 3rd; L89-3rd; RA91; RA92 Horton, William: #3474; Governor (82-89); RC (82); AM85 Hughes, Brent: #7; Governor (69-74); AM94; AA/100; L75-3rd; L86-111/1; L93-2nd; NG97 Hughes, Earl: #17; Librarian (64-68); Historian-Curator (61-65); author Kentucky Wismer book (98); AM99 Huntoon, Peter: #662; Governor (79-85, 86-87); co-author NBN Issues of 1929-1935 (published by SPMC 70); Territorials: A Guide to Territorial NBN (SPMC 80); US Large Size NBN (SPMC 95); AM80; AA/194; L67-HM; L71-2nd; L72-1st; L74- 1st; L77-2nd; L82-1st; L86-1st; L90-2nd; L91-3rd; L98-3rd; NG82 Jackson, Dr. Glenn: #540; JB76; JB77; JB84; JB85; JB86; E80- BOS; NG79; namesake of a literary award Jackson, John: #6691; LM190; Governor (93 -97); AC (95); E94- BOS; JB94; JB96; JB97 Jacob, Arri: #8185; LM126; Governor (99-01) Johnson, Glen: #9108; LM230; AM99 Jones, Richard: #117; Governor (76-83); AM93 Keller, Dr. Arnold: #338; L68-1st; NG72 Keller, W. Phillip: #205; DCW71 Kelly, Don: #1594; AM98; L80-2nd; L83-1st; NG87 Kemm, Theodore: #114; AM68 Kemp, Charles: #3980; LM62; Governor (84-87); L76-2nd Kinney, Joe: #772; Photo Archivist (81-87); AM87 Kirkwood, James: #148; Governor (62-64); NG62 Knebl, Tom: L80-3rd Knight, Lyn: #2391; LA/1182; AM99 Kolman, Michael: Governor (62-64) Kopicki, I.T.: #95; Treasurer (67-69) Koster, William: #3240; GC (78); L73-2nd; L74-2nd; L76-1st Kraus, Guy: #5181; author Mississippi Wismer book (01) Krause, Chester: #9; NG89 Kvederas, Bob Sr.: #5137; LM220; NG99 Kvederas, Bob Jr.: #9236; NG99 Kyzivat, Tim: #4575; LM223; Treasurer (93-97); Governor (95- 98) Lafond, Kevin: #8442; L99-1st Lasser, Joseph: #4043; LA/123; L77-1st Latimer, Roman: #2540; Governor (83-86) Leggett, L. Candler: #566; author Mississippi Wismer book (75); AM76 Levitan, Frank: #2800; AM99 Lewis, Gary: #3111; Secretary (84-86) Loeb, Walter: #41; Governor (1962) Loewenstern, Morris: #12; Governor (62-69) Marckhoff, Fred: #47; Governor (63 -66); Assistant Editor (62- 66); Wismer Chairman (1965-1966), DCW64; NG61 Mark, Donald: #3655; Governor (84-87) Marks, Julian: #20; Governor (62-64) Mautz, Carl: #2729; L73-3rd McCarl, Henry: L88-1st McDannel, Ken: #1836; 1929 NBN Chairman (72-87) Medlar, Bob: #471; President (75-79); Vice President (71-75); Governor (70-76, 79-83); NC (72); author Texas Wismer book (68); AM69; AA/180; RA77; RA78; RA79 Mikolajczyk, Andrzej: L92-3rd Miller, Ray: L83-3rd Mitchell, Ralph: AM85 Moon, Robert: #5766; Vice President (1995); Governor (88-95); Publicity Chairman (89-91, 93); L86-3rd; L90-3rd; L93-3rd; L95-3rd Morris, John: #277; Governor (68-70) Morris, Thomas: #46; JB71 Morycz, Stanley: #3013; 7383; RA94; RA95; RA96 Mross, William: #6117; Governor (91-96) Mueller, Barbara: #464; HM7 (8/21/70); HLM2; Editor (65-76, 78-84); Librarian (68-73); AM67; AM76; HM70; NG84 Murphy, Judith: #7792; LM262; HLM11; President (93-95); Vice President (91-93); Governor (89-92, 97-01); New Member Coordinator (95-96); RC (96- ); AM99 Murray, Douglas: #4683; LM250; Governor (86-88) Muscalus, John: #1347; NG73 Musser, Dwight: #288; Governor (1962); Assistant Editor (62- 63) Nagel, Bob: Essay Contest Winner (87) Neale, Robert S.: #9752; Research Grant Recipient (99) Newman, Eric: #290; Vice President (75-79); Governor (1962, 73-76); RC (77); NG68 Nielsen, C.M.: #4048; E90-BOS Nowak, Frank: #933; L72-3rd O'Donnell, Chuck: #3473; Governor (67-81); AM80; NG80 O'Mara, Thomas F.X.: #8190; LM138; E99-BOS Oakes, Dean: #1322; President (95-97); Vice President (93-95); Treasurer (86 -93); Governor (81 -99); AC (81); author Iowa Wismer book (82); AM82; L94-3rd Osmun, C. Elizabeth Wismer: #193; HM1 (8/11/67); 1-1/V167; D.C. Wismer Award sponsor (64-65) Owen, Leonard: #2044; AM86 Pasvolsky, Val: ##1568; DCW75 Payne, Jasper: #1300; Governor (79-82); NC (80) Pennell, J. Roy: #8; HA/19 (8/21/75); HLM8; President (71-75); Vice President (69-71); Secretary (64-67); Governor (65-79); Publisher (65 -78); AC (69); NC (70, 77); HM75; 0S68; NG88 Perlmutter, Morey: #948; L72-2nd Persichetti, Joseph: #966; L67-2nd; L68-HM Peterson, Chiyo: LM76; AM87 Lyn Knight Currency Auctions Deal With The Leading Auction Company in U.S. Currency If you are buying notes... You'll find a spectacular selection of rare and unusual currency offered for sale in each and every auction presented by Lyn Knight Currency Auctions. Our auctions are conducted throughout the year on a quarterly basis and each auction is supported by a beautiful "grand format" catalog, featuring lavish descriptions and high quality photography of the lots. Annual Catalog Subscription (4 catalogs) $50 Call today to order your subscription! 800-243-5211 If you are selling notes... Lyn Knight Currency Auctions has handled virtually every great United States currency rarity. We can sell all of your notes! Colonial Currency... Obsolete Currency... Fractional Currency... Encased Postage... Confederate Currency... United States Large and Small Size Currency... National Bank Notes... Error Notes... Military Payment Certificates (MPC)... as well as Canadian Bank Notes and scarce Foreign Bank Notes. We offer: • Great Commission Rates • Cash Advances •Expert Cataloging •Beautiful Catalogs Call or send your notes today! If your collection warrants we'll be happy to travel to your location and review your notes 800-243-5211 Mail notes to Lyn Knight Currency Auctions P. 0. Box 7364, Overland Park, KS 66207-0364 We strongly recommend that you send your material via USPS Registered Mail insured for its full value. Prior to mailing material, please make a complete listing, including photocopies of the note(s), for your records. We will aclutowlege receipt of your material upon its arrival. If you have a question about currency, call Lyn Knight. He looks forward to assisting you. Currency Auctions A Collectors Universe Company Nasdaq: CLCT P.O. Box 7364, Overland Park, KS 66207 • 800-243-5211 • 913.338-3779 • Fax, 9M-338-4754 • E-mail: lynikiiiglil.5a■ -■1.com • www.lynknight.com troortilait. gitiabamortilaUlhua 1890 $1,000 "Grand Watermelon" Note $500 1880 Legal Tender Serial #1 Washington Brownback 1882 $1,000 Gold Certificate PAPER MONEY • January/February 2001 • Whole No. 211 105 Peterson, Roy: #1801; LM31; ANI87 Philpott, William: #15; Governor (62-63); L70-3rd; NG71 Pick, Albert: #352; ANI72; L74-3rd; NG75 Prather, Dewitt: #862; ANI87 Rabinowitz, Mark: #9518; E00-BOS Rally, Bob: Governor (89-93) Ranes, Jimmie: #9635; NC (01) Raymond, William: #3526; L91-3rd Reback, Marilyn: #7993; Editor (99) Reed, Fred: #4912; Secretary (98- ); Governor (98-01); Editor (99- ); NC (99); WC (00- ); AMOO; NG96 Rice, Foster Wild: #132; Assistant Editor (62-63) Robin, Peter: #292; Governor (1962) Rockholt, R.H. "Rocky": #1354; author Minnesota Wismer book (73); AM75 Rosene, Walter: #3747; author Alabama Wismer book (84); AM84 Rothert, Matt: #166; Governor (67-69); author Arkansas Wismer book (85); AM85; NG64 Rust, Alvin: AM87 Schaaf, Bernard: #565; Governor (83-86) Schramm, Donald: #2160; co-author Indiana Wismer book (78); AM79 Schreiner, Robert: #8781; Governor (99-01); Advertising Manager (00- ) Schroeder, Stephen: #3944; L91-1st Seitz, Paul: #24; Governor (64-65) Shafer, Neil: #681; AM68; AM85; NG67 Sheheen, Austin: #2207; LM122; President (91-93); Vice President (89-91); Governor (88-92); PC (89-91) Sheheen, Fred (Camden Company): Publisher (80-82) Simek, James: #8368; LM290; E91-BOS Slabaugh, Arlie: #32; Governor (63-65); Assistant Editor (62-63); 1929 NBN Chairman (65-68); NG63 Smart, Mrs. Elizabeth: 0S65 Smedley, Glenn: #3; HM3 (8/11/67); President (69-71); Treasurer (61-65); Governor (64-77); AC (70); NC (69); HM67 Smith, Samuel: #2611; L78-2nd Snyder, Tom: #5592; LM45; 1929 NBN Chairman (88-97) Stearns, Radford: #3794; LM36; PC (82) Stojanovic, Zeljko: #9212; LM286; AM97 Stone, James: #2866; Treasurer (83-86) Stubbolo, Mary Lou: AM96 Surasky, Charles: L94-1st Swanson, John: #16; Governor (62-64) Talks, R. Logan: #5071; L81-3rd Taylor, Stephen: #3258; Governor (79-83, 85-00); PC (88); RC (80) Toy, Ramond: NG70 Tomasko, Mark: #7888; GJ98; GJ00; J1399; L96-1 Trask, Frank: #4901; Governor (87-91, 92-93) Tremmel, George: #2623; AM96 Van Belkum, Louis: #707; co-author NBN Issues of 1929-1935 (published by SPMC 70); NG76 Viskup, Frank: #8133; RA97; RA98; RA99 Vorhies, Jack: #3314; co-author Indiana Wismer book (78); AM79 Wagner, Gretchen: AM96 Wait, George: #5; HM5 (8/15/69); HLM5; President (65-69); Secretary (61-64); Governor (64-66, 67-79); NC (71, 73); Wismer Chairman (73-77), author New Jersey Wismer book (76); author Maine Wismer book (77); 0S65; AM72; AM77; HM69; JB68; JB70; NG78; namesake of publication award Walcutt, Doug: #7012; LM55; E93-BOS; L90-2nd Walton, Gerome: #3395; AM86 Warns, M. Owen: #35; HLM6 (6/25/88); Treasurer (69-75); Governor (65-79); 1929 NBN Chairman (72-87); editor of NBN Issues of 1929-1935 (70); author The Nevada Sixteen (74); January/February 2001 • Whole No. 211 • PAPER MONEY AM70; AM75; HNI88; L68-HM; L81-2nd; L85-3rd; NG85 Watson, Doug: Editor (76-78); AM78 Weitzen, Edward H.: #1090; HM10 (8/21/75); HM75 Whitfield, Steven: #2930; LM249; Governor (82-87, 95-01); AC (82-88); Wismer Chairman (92- ); author Kansas Wismer book (80); ANI80; AM91; E82-BOS; L92-1st Wigington, Harry: #830; Secretary (78-79); Governor (74-76, 79-83); NC (76, 82); AM74; L69-2nd; L85-2nd Wills, J. Thomas: #2511; Governor (77-81) Wilson, John: #4861; LM127; Governor (82-88); RC (86-89); RA86; RA87 Wilson, Nancy: #6114; LM140; JB79; E84-BOS; E87-BOS; E97- BOS Wolka, Wendell: #2584; LM2 69; President (79-83); Vice President (99- ); Librarian (73-89); Governor (74-81, 86-01); Wismer Chairman (77-83), AC (97-01); NC (79, 95-97); PA (83-84); RC (93); co-author Indiana Wismer book (78); author Ohio Wismer book (02); AM79; AM84 Yeager, Ron: #7569; E98-BOS SPMC service has its grins By C. John Ferreri, #2570 I was sorry to hear about George Wait's passing last year. George was the one who collared me for the treasurer's post back in 1975. I served eight years. I took over from M.O. Warns and Harry Wigington (RIP) was the new secretary. Roy Pennell was just finishing up as President and Bob Medlar (RIP) took over. George was a fine gentleman as was Dick Hoober, Sr. Dick was the first dealer ever to contact me through the SPMC membership list. Over the years I bought plenty of notes from these two gents. I bought almost all of George's New England notes. When it came time for his Maine collection to be sold, he knew I couldn't afford it so he gave me both the notes AND three years to pay for them. The last time I saw him and his lady friend Ann Marie must be 15 years ago. Lots of nice memories. Working on behalf of the Society can have its lighter moments. I can remember several comical letters I received when I was the Society Treasurer in the 1970s. One was from a member in Uganda who wrote in English quite well, but did- n't quite write what he meant. He apologized that it had taken him so long to write because of the war in his country. I never could figure out what he wanted, except that he'd read some- thing in Paper Money about salaries at the U.S. Treasury Department during the Civil War. He addressed the letter to Secretary of the Treasury Salmon P. Chase and sent it to my address. He proceeded to state his qualifications, and then asked what the maximum and minimum salary he would get. I didn't quite know how to answer the man. Another time a deceased member's spouse wrote us to discontinue sending the magazine as her husband would no longer be reading it. I guess we dropped the ball, and did not discontinue sending the magazine. A year later she wrote again asking us to discontinue sending it. In her own words, she said something like "He can't use it. He's still dead!" + Thanks to all the members By Donald L. Benson, LM241 I am looking forward to our 40th anniversary, and con- gratulations to all the members for making this possible. 106 etttlitg. T C Et) ietir E T. a L 113 E ItT ; 1VILL PIS THE 13PAHER . AND ONE.QUATITEll CENTS; r7e Oetleee/ K'4 Af;V-1. on Dernincl, 6/47.r: Q)4. 13, Mrile,c/iud/efet (ye .401;C'Meatet,.ttAka. iiA44/ ( 6th Annual Meeting & Luncheon Society of Paper *Hey Collectors FLORENTINE ROOM - PICK -CONGRESS HOTEL CHICAGO, ILLINOIS AUGUST IS, MIN 2 I SASE PER PERSONLUNCHEON 1240 P.N. PAPER MONEY • January/February 2001 • Whole No. 211 107 A Trial Listing Catalog of SPMC Memorabilia Compiled by Fred L. Reed III, #4912 Through its nearly 40 years, the Society of Paper Money Collectors has published a vast array of memorabilia in the form of souvenir cards, souvenir tickets and other items bear- ing its logo or associated with its various activities. These items commemorate events at our annual meetings and at occasional regional gatherings, as well. Since cataloging is a natural activity for many Society members, and since a catalog of these SPMC ephemera has never been undertaken, it was deemed auspicious to attempt such a listing for our 40th anniversary celebration. The cata- log that follows is the result of months of search and research by a number of Society members. The cataloger was greatly assisted in preparing this listing by Frank Clark, Ron Horstman, Wendell Wolka, Steve Whitfield, John and Nancy Wilson, C. John Ferreri, Forrest Daniel, Dennis Forgue, Bruno Rzepka, Nathan Goldstein, Mike Bean, Bill Horton and Lee Quast. An attempt was made to include all SPMC memorabilia. While a great variety of items have been uncovered thus far, this catalog should be considered a "trial" listing at present. The working criteria for inclusion of items was tickets, cards, and pins. Other items such as flyers, brochures, membership cards, pens, name tags and additional items carrying our Society logo could have easily been added, but since most of those items are already illustrated in other sections of this pub- lication, they are not duplicated here. Because of their historical value, privately published items which were issued in conjunction with SPMC activities are also cataloged here. So for instance, you will also find some souvenir cards produced by Society members William Doovas, John Wilson, Ron Horstman and Mike Bean. Whether one considers them "SPMC" memorabilia or not is a personal choice. We deemed it worth noting their existence. While it is suspected that not every SPMC affair had sou- venir tickets, it is hoped (and doubtless will happen) that unknown items will be discovered in the future in drawers, envelopes or used as bookmarks. Therefore, if any member comes across an item not cataloged here, Paper Money and its Editor would welcome your sharing these additional items for publication in future issues of our journal. 1965 ANA SPMC 1965 Souvenir Banquet Ticket Society of Paper Money Collectors 5th Annual Meeting and Dinner Friday, August 27, 1965 Cocktails 6 p.m. —Nile Room, Shamrock Hotel Dinner 7 p.m.—Castilian Room, Shamrock Hotel H. N. Schwartz, General Chairman 11 Price $5.00 The earliest SPMC souvenir ticket discovered thus far admitted the bearer to a cocktail party and dinner at Houston's Shamrock Hotel August 27, 1965, during the ANA convention. The ticket is uniface, printed in black on an off- white card stock. Numbering was also overprinted in black. The ticket was perforated at its left end, presumably to cancel it. The stub may also have served a door prize purpose. Size: 3.75 X 2 Price: $5.00 1966 ANA SPMC 1966 Souvenir Luncheon Ticket The Society issued a special souvenir ticket for its 6th Annual Meeting and Luncheon at the 1966 Chicago ANA Convention. Bruno Rzepka handled the arrangements, and Lou Goldstein did the printing at no cost to SPMC. Its face shows a 6 1/4-cent scrip note issued by George T. Gilbert, Rochester, Ill., May 1, 1844, printed in bronze on both yellow card stock and buff paper stock. The back of the ticket is imprinted with the society information in black, and reveals a stub for a drawing. The serial number is blue Tearing off the stub, of course, would cancel its face design. Luckily this spec- imen was not defaced. The meal was held at 12:30 in the Florentine Room of the Pick-Congress Hotel. Size: 6.5 x 2.5 Price: $4.50 1967 ANA SPMC 1967 Souvenir Banquet Ticket Price: $6.50 1968 ANA SPMC 1968 Souvenir LuncheonTicket Price: $4.00 TENDOLIARSTIENIMILIARS Fld0150101 TENIMILLIRS ▪ 41.11?• 00020015'19 PEN DOLLMIS (Iir ;;.8 • .- WArs,r9; 'n2998226 is .8000`015∎ 200600IC a Soce,Ot ICS 1, TEN immuts 0 111 0 .,1031 0o co a 13050C101on - • 0 svOpciaie 13031q1s SOCIETY OF PAPER MONEY COLLECTORS 1619 ANNUAL GENERAL MEMBERSHIP MEETING - AUGUST 26. 1978 89d LUNCHEON • AUGUST 27. 1978 85111 ANNIVERSARY CONVENTION, AMERICAN NUMISMATIC ASSOCIATION. AMERICANA HOTEL. NEW YORK. NEW YORK. THIS 100151 or 108 January/ February 2001 • Whole No. 211 • PAPER MONEY 1969 ANA SPMC 1969 Souvenir Banquet Ticket 9th Annual MEETING and DINNER - Society Of Paper Money Collectors • Pennsylvania Room East, Sheraton Hotel Philadelphia, Pa. August 15th, 1969 Dutch Treat Cocktails 6:30 P.M., Delaware VaL Suite DINNER 1:30 P.M. S7.50 Per Person Ticket Printing Courtesy Of HARRY FORMAN, INC. The ninth Annual SPMC Meeting and dinner was held at the Philadelphia ANA Convention August 15, 1969, the last time ANA convened in "The City of Brotherly Love" before 2000. Members met for a cocktail hour in the Sheraton hotel's Delaware Valley Suite, and then adjourned to the Pennsylvania Room East for dinner at 7:30 p.m. Tickets were printed in black on stiff, light blue cardboard through the courtesy of local coin dealer and Society Charter Member Harry Forman. They were numbered in black at right end. Size: 3 7/8 x 2 5/16 Price: $7.50 1970 ANA SPMC 1970 Souvenir Luncheon Ticket SOCIETY OF PAPER MONEY COLLECTORS 312iLth– CwuwL 9nfLeiliZtk CHASE-PARK PLAZA HOTEL, ST. LOUIS Dutch - Treat Cocktails — 11:30 a.m. Luncheon, August 21, 1970, 12 O'Clock Tiara Room $5.00 10. Attendees at the Society's 10th Annual Meeting gathered at St. Louis' Chase-Park Plaza Hotel for an 11:30 reception and noon luncheon August 21, 1970. Souvenir tickets were offset printed in the form of an unissued c. 1852-7 Bank of America $3 proof note, originally printed by Toppan, Carpenter, Casilear & Co. The central vignette depicts Columbia and an eagle. At lower right, a female portrait on the original note is replaced by a visage of Glenn B. Smedley, the founder of SPMC and its then current President, a Chicago resident. Tickets were printed in black on light blue card stock. They were hand-numbered in red ink on the back, which provides the meeting details. Size: 5 x 2 1/8 Price: $5.00 1971 ANA SPMC 1971 Souvenir Banquet Ticket Price: $7.50 1972 ANA SPMC 1972 Souvenir Luncheon Ticket Price: $6.00 1973 ANA SPMC 1973 Souvenir Banquet Ticket Price: $10.00 1974 ANA SPMC 1974 Souvenir Luncheon Ticket Price: $7.50 1975 ANA SPMC 1975 Souvenir Banquet Ticket Price: $12.50 1976 ANA Privately Issued Souvenir Card by William Doovas auverikawa alma s 4 -1101AMCII`EEmeet S -HiTrOa 11311101410S3I4IS0IIINQnot 'too; -NOLLN3ANO3 A3NONI H3dVd 9013 N103911-1dW3W Look This is the Place for COIN & PAPER MONEY COLLECTORS in the Northeast to get a jump on the Convention Season. Join us again this year for the largest gathering of Coin & Paper Money Dealers and Collectors in the New York/ New England Area. Prospect Street School Gymnasium65 65 Prospect Si., Si corner of High Si. 65Willimantic, Conn. TABLES Sun., March 11, 2001.9 a.m. - 4 p.m. TABLES 28th Annual Show65 TABLES The "Biggest" little coin and paper money show in New England 65 TABLES B.f. el Exhibition Public Invited Free Admission PAPER MONEY • January/February 2001 • Whole No. 211 109 SPMC member William Doovas (#1719) issued a large souvenir card for the "Society of Paper Money Collectors 16th Annual General Membership Meeing" August 26, 1976, and luncheon the following day at the New York City ANA Convention. The sheets were offset printed on one side of a buff colored card with a three-quarter reproduction of a $10 New York Federal Reserve Bank Note sheet that had been given to VIPs on March 13, 1933, according to an information sheet which accompanied the souvenir sheet. Of course, the reproduction size was determined by the allowable dimensions for reproducing U.S. currency. It is believed that the sheet illustrated on the card was from the Doovas Collection. Size: 11 1/2 x 16 Price: Printed: 400 Sold: 1976 ANA SPMC 1976 Souvenir Luncheon Ticket 1977 Memphis SPMC 1977 Souvenir Luncheon Ticket When the Memphis Coin Club took the plunge and sponsored the "First Paper Money Convention," at the Holiday Inn - Rivermont "overlooking the Mississippi River," one of the featured events was an "SPMC Luncheon - 12:30 Saturday." Convention name badges were overstamped in blue block letters "S.P.M.C." as admission tickets to the SPMC affair. On the example shown, the overprinting is upside down vis-a-vis the the badge, although the ink is such a light blue that it hardly reproduces (see applied arrow above). It is not known whether all tickets were stamped upside down. The badge itself was offset printed on white, glossy card stock. It bears the legend: "Memphis Coin Club 'First Paper Money Convention'" in black, sans serif lettering. The note shown is a Third Charter $10 on the Southern National Bank of Memphis, charter #12 348. It bears a portrait of William McKinley. This issue set the standard for IPMS admission badges, as each successive issue has sported a different Memphis-related note. Size: 4 X 2.5 Price: 1977 Memphis Privately Issued Souvenir Card by William Doovas SPMC member William Doovas again issued a souvenir card, this time for the 1st Memphis International Paper HUNTSVILLE ALABAMA paper wanted: Nationals, obsoletes, merchant scrip, checks, postcards, etc. Bob Cochran, P.O. Box 1085, Florissant, MO 63031. Life Member SPMC. (212) NYC WANTED: Issued NYC, Brooklyn, Williamsburgh obsoletes, any obsoletes from locations within present-day Manhattan, Brooklyn, Bronx, Queens, Staten Island. Steve Goldberg, Box 402, Laurel, MD 20725-0402. (212) PAPER MONEY BACK ISSUES WANTED: Vol 4 #1, issue 13 (Winter 1965); Vol. 8 #I, issue 29 (First Quarter 1969); Vol. 27 #6, issue 138 (Nov/Dec 1988); Vol. 33 #1, issue 169 (Ian/Feb 1994). Bob Cochran, Box 1085, Florissant, MO 63031. (212) BUYING SMALL SIZE FRNs 1928 $500, $100 Gem UNC. 1928, 1934 Packs of $1000. All Gold Certificates, Gem. Jeff Tanner, P.O. Box 2265 Sedona, AZ 86339 (213) WANTED: (1) DEPRESSION SCRIP from 1930s; (2) Rail- road/transportation tickets, passes, and timetables from 1930s or earli- er. Dan Benice, Box 5708, Cary, NC 27512. 919-468-5510. (211) EXCHANGE BANK OF VIRGINIA issued by Abingdon Branch Wanted. Also, Washington County Virginia Notes. Tom Merrihue, P.O. Box 25, Emory, VA 24327. 540-944-3581 (214) WANTED MICHIGAN NATIONALS, both large and small size, on these banks: Algonac, Almont, Alpena, Bay City, Boyne City, Capac, Cheboygan, East Saginaw, Evart, Flint, Greenville, Hart, Ionia, Ithaca, Lapeer, Ludington, Manistee, Marine City, Millington, Petoskey, Port Huron, Reed City, Saginaw, St. Johns, Traverse City, Vassar, and Yale. Dan Freeland, P.O. Box 292, Mayville, MI ksfdaf@mill.tds.mit (211) The Currency Club of Long Island Congratulates the SPMC On Its 40th Anniversary Currency Club of Long Island P.O. Box 297 Sayville, New York 11782 THE FIRST NATIONAL PAPER MONEY CONVENTION MEMPHIS TENNESSEE JUNE e-S, 1977 SPECIMEN Based on a Washington Evening Our photograph, this engraving of the Capital was completed by BEP engraver Louis S. Schofield on December 7, 1927. During the change over to Philippine size currency, this vignette was adopted as part of the $50 Uniform Currency Back. It first appeared on the back of the $50 Federal Reserve Note Series of 1928, when reduced size currency was first released to the Americon public on July 10, 1929. This same engraving of the Capitol, with very minor changes, has appeared on all reduced size (Philippine size) 550 notes to this day. .CoryrIert 1917 tIV■17.1. 1im Junes Doe.■TSPESERVID age.pt ORB!, ..gravlag ol VAGPItal sr, 1,e ww6C . BurtAlu or A00000039/ 40000604 1 A A003007421 rrk\l) AVV214:11;:11;.: - A3000003.711 19199116-11.11:Cri:KiE9,9 : A. W. MELLON, SECRETARY OF THE TREASURY MAY 2, 192I—FEHRUARY 12. 1932 TWO DOLLAR UNITED STATES NOTES SERIES OF 1928 DEDICATED TO THE MEMBERS OF THE SOCIETY OF PAPER MONEY COLLECTORS A'r THE AMERICAN NUMISMATIC ASSOCIATION 86TH ANNIVERSARY CONVENTION Atlanta, Georgia August 23-28, 1977 WILLIAM JAMES DOOVAS N! 000115 110 lanuary/February 2001 • Whole No. 211 • PAPER MONEY Money Show held June 4-5, 1977. Doovas' design was a stan- dard BEP black intaglio card of the U.S. Capitol [note the issuer twice identities it as the Capital (sic)] by engraver Louis S. Schofield, surprinted with historical information on the use of this engraving on currency. The card bears both the BEP imprint and Doovas' copyright for his contributions. The card shown has been marked SPECIMEN, one of 12 unnumbered cards the issuer released in addition to numbered cards which he sold. It bears on its back the legend: "This Souvenir Card was not prepared by the BEP or with BEP endorsement of any nature. It was prepared by W. Doovas. More info is on sheet entitled NOTICE." Specimens were then hand-numbered in blue ink. The pink information sheet referred to on the back of the card is a disclaimer notice specifying precisely Doovas' contri- butions and what items he was copyrighting. Among its seven clauses is the statement, "The above information should be retained with The Card so that no one, now or in the future, will receive any misconceptions or misrepresentations, in any way, concerning the nature and/or origin of The Card." Purchasers were required to sign the notice. The card was contained in a 9 1/2 x 6 1/2 inch white envelope also over- printed with Doovas' title and commentary. Doovas issued other cards of this type, including cards for the 1978 ANA Convention, and for the 1980 Greater New York Paper Money Convention, that are not being cataloged with SPMC memorabilia. Size: 8 x 6 Price: Printed: Sold: 1977 ANA SPMC 1977 Souvenir Banquet Ticket 1977 ANA Privately Issued Souvenir Card by William Doovas SPMC member William Doovas issued a four-panel sou- venir card brochure for the Atlanta ANA Convention. The cover is "Dedicated to the Members of the Society of Paper Money Collectors at the American Numismatic Association 86th Anniversary Convention" held in Atlanta, August 23-28, 1977. Inside are three-quarter reproductions of the back and face of a low numbered $2 U.S. Note sheet, with Tate-Mellon signatures. According to the back panel of the souvenir card, the sheet had been presented to VIPs July 10, 1929. The back panel also reprints a contemporary newspaper account of the release of the notes. Once again, it is believed that the sheet MEMPHIS COIN CLUB INTERNATIONAL PAPER MONEY SHOW a FIVE HUNDRED DOLLARS. ege•ke ',wade rh"Wok, toed ...knew' ad Asa A.• annum, in ageenhh. 1,4 a, ad SI:pr.. , Aaff.:1 Iarta 9, 1837, ray droeme,m,t 7, , 47,/ J//1 //(111/ f e./iP)/e Established 11.58 C' r'sYnteeit0./ 1 -i 4n. LIBERTY BANK of PROVIDENCE, RHODE ISLAND 18544853 The cenind shineurts from a painting illonhis Frightened by a Siam" by the arum. Alfred de I /rid. 1.0. 04,4•EvIll//re 47/ S - thenagflaCiatillatnaumonasumunifinuna Tht ofilwaukce County Bank opened 1902-63 reo closed 1864-05. and had an outsLanding citculation of 5235 a of 10/111871. The 55 and 510 unilace scrnaindar shear .413 printed by the Americana Nate Com pane nd her several very bcauriful Wean,. on n including a viewB nf Meows Yetis. The portrayed sheet resides m the Nancy & John Wilson collection. Thy owe: of Cliflon openedos 1639 and had tem differentmum 0 notes. 00 52 nit,. note was from the Second Issue, 1960-61. and was primed 7y the NOW York Bank Note Company. The Bank closed in 1861. The outstanding vignette on this nom depicts Sc. Naos, Slaying the Dragon. The portrayed note resides in the Neil Shafer collection .k5th ANNIVERSARY 'RAGPICKERS' BREAKFAST In C nfnectinn wish 95th ANA Convention in Milwaukee, Wivonsin. G60:, ,11ilittaither Ctitutto)---z OUEMBEICIEU sl ats 31 3 s its % CON S IN *Myatt fC 1 tic Milwaukee County Bask opened 1861.63 and closed IA64.03. and hic an outstending circulation of 9235 as of 10/1/1871. Thc 05 end SIO unit,. remainder sheet sem pooled by In American Bank NOM Company, and ban seem, 0000 beautiful mg:notes on tneluding a view of Niagara retie. The portrayed sheet minks in the Nancy & John Wilson collection. I ot Rank of Clifitut npond in 10.59 and had me diftssant di -.sew fly. S2 unifacc note W35 from dle Second UM, 186061! and was printed by the New YOrk Bank Note Company. The Bank closed in I66.1. The outstanding vignette un this nuts depicts ga. Grotty Slaying doe Deem—". The rearmed non intiMit in the Nell Shafer collection PAPER MONEY • January/ February 2001 • Whole No. 211 failed to renew for the subsequent year. It was even alleged that certain individuals also signed up barely interested (or even non-existent persons) for Society membership merely to acquire the ABNCo souvenir cards from those memberships. At least two individual sponsors were confronted for alleged fraudulent recruiting. Both claimed they were not trying to buy up souvenir cards, but merely extending a courtesy to the individuals sponsored for membership in SPMC. 1986 ANA SPMC Souvenir Breakfast ticket Member John Wilson provided an intaglio admission ticket for the affair. Price: 510.00 1986 ANA Privately Issued Souvenir Card by John Wilson At its 1985 Memphis Board Meeting, SPMC Governors passed John Wilson's resolution to plan a 25th Anniversary Banquet at the 1986 Milwaukee ANA Convention. The event actually staged was a breakfast for which Wilson issued a sou- venir card. The card was produced by SPMC members John and Nancy Wilson and Tom Snyder in conjunction with a joint SPMC-IBNS "Ragpickers Breakfast" August 8, 1986, at the Milwaukee ANA Convention. The card celebrates the 25th anniversary of both groups. Attendance at the breakfast was approximately 100. Printed by thermography at Snyder's Olympic Speed Printing company, the card's face depicts a $5-$10 remainder sheet on the Milwaukee County Bank (ca. 1865), and a $2 Bank of Clifton note from 1861. The card's reverse provides excellent historical information on SPMC and IBNS. John Wilson told the cataloger that more than 50 hours went into the preparation of these excellent historical summaries. The gray card show above was distributed at the break- fast. All were distributed at that time. At left is a similar white card, printed only in black without color overprinting, which was given out at the SPMC general meeting to the approxi- mately 50 in attendance. White cards were subsequently sold. The card backs differ somewhat in legend, typography and information. Size: 8.5 x 14 Price: $5.00 Printed: 450 (200 presented to SPMC) 1986 ANA Privately Issued Souvenir Card by John Wilson Once again SPMC members John and Nancy Wilson produced a souvenir card for an SPMC regional meeting, this time held at the ANA's 95th Convention, August 9, 1986, at MECCA. Speaker for the event was Dr. Glenn Jackson, who presented an illustrated lecture on bank note engraver 121 January/February 2001 • Whole No. 211 • PAPER MONEY122 rt. kk,' • ''•141„, i 1 Ii. 11.1/111Natk..4' a S. , ...--.77. — -7:6--, /-r2-,--ji 31311 IA -I'''''..D 5'il•_______ „,.%' 1,.1 4,74- •___:--- ------.____ ..,.., A - • -7-. - %--7.Y. j--,--,ID7 i74-011' rigli t.ilatCh &lbson..- , — -%---(' - I,, %-.: &,:/' ----•(' . ----'<:--- vs ( r,./rzyr-itutir:), , ' -r/2.7,-,,,7•-44,,,,:"/,,,,,„,,,,/, .. /..,;-(,;/„,„.. • '-,..,,,,,,',0004.ept0' „,,,,--EF....!=-• .- TIM NM MUM KW. ROTS 118/11PARY. ,..' •---:- ---- - %----;----'' 2.27,,a,..,7,..,/,,„,74,,,,,4 ,,,d,, 7 ./....X ..//.,,» A ..,..et ..// / , // ' . / . . ',A, ' .7,1 ,, /// ..e,/..e.,,,/,/, .er,,,,,,,,y,•/. ./..• IL 1,' .%%/re /.1:7/. , a, ... A .... 11. - „ - rt, SOCIETY OF PAPFR MONEY COI I FCTORS - thanks for attending the SPMC Regional Meeting held in Conjunction with the Milwaukee 95th ANA at MECCA, August 6-10, 1986. Speaker Is Dr, Glenn Jackson of Watertown. CT., who will present a slide/talk program on Lorenzo Hatch, Bank Note Engrave, Meeting and Educational Program will be hold in Rm E.6. al BM All on 8/9/86. This Limited Edition Offset Souvenir Card will be presented to everyone In attendance at the meeting. This is card e9 in the John a Nancy Wilson sores - •,7,;<--....--- -.---.--.-, '' --- •---:::-..,---- III ltial f 1. P d 4 , ... - -- f r •-• ‘-.7-4.. -.F.- :-- -ra..;-- .....k ..,, ----------___: r..zu_,/...-'"..). -..- --, ', . ,10 ) --5-, - 'IT S' affil , 7---* S ( alit17 ‘ .01.11-' 1101111 I ert.:1,--'- c.I' ' - r i•... .1.■:-.-A', /,/,•.4a 7-,,/,/, r ) -.-- ---,---- --- ( C- BigirVV-Tdal Ei ) 1 11.4.4a44% — e 4.; ,".../0.,. .ke, box .\ .‘ ! /4,,./.;,,,, . .V.1,,,4 .://..v! h ?;,, 4, • . XI.,,,X,„,714/,... V",, ,/,/,,,,,,, Ae,/, //, „/,./.6„, '.4,e6ey/t6 i'd6,,,,,./,,,y,..//466,,vy,,k,••• ,,,', /A6 a x: /.0 • , ./ . /7 Pp .1. ;/,,,,,,,,4e,,,,../.4,6ve.w.,e,,,A. 1:.•.;” t • , 16 ef, %;,,,/ A A . WØ. 4 .4 44, . / 4 4, . ty .1,.•■• ° 7,0,4,,,,ler,/ ,4,4a ,41...... 44'. .,4, .,... 4.,, 4 4 4 4 /47 .4 4 4,/,,,,,/ 4, ym. v/.4..41:4 / '&447,4 '4„1:4 /.//,• . 7go4 , 4. . , / i;t4. 4 .4/ 4 6,/6e. Ad. e,...ere.„//,‘ 4.: ,..,.... P4/%4444.144 ;NW. 14.4 ,,4 •/44 7, -4,1e,,,,.,..., , , _.,........, , 41;,r4•,..4 avi„ „, a - "„7.4 • 7/./., ,,4..z..... , a /7..,,/,, , ,2 . ,,----,-;\ ...' ? ,,,,,C,.:7C. ;„ , ..as '_.■ 3, .O1.t.-'67 /CZ: 1 ,_. , f;-,,.. Lorenzo Hatch. The Wilsons chose a Rawdon, Wright, Hatch & Edson advertising sheet for the card's vignette, illus- trated by portraits, counters, medallions and vignettes. The card's reverse reproduces the RWH&E price list. Cards were printed by photocopying the documents onto pale blue light card stock. A commemorative inscription on the card face provides details of the meeting and the information: "This is card #9 in the John & Nancy Wilson series." The card was distributed to attendees at the meeting. Size: 8.5 X 11 3/8 1986 ANA ABNCo Issued Blue Vignette Souvenir Sheet SPMC received several hundred (reports say 900-950) large blue press-setup, vignette sample sheets from ABNCo to be used for fund raising and membership promotion. Sheets included a variety of portraits, vignettes and counters. Sales commenced at the 1985 SPMC Cherry Hill show. They were then offered in Paper Money, and continued to be sold at the 1986 ANA Convention. According to Treasurer James Stone, sheet sales raised about $1,500 for Society coffers in 1986-87. Wendell Wolka wrote Bob Cochran Feb. 10, 1987, that sheets remained for use in a promotion to recruit new mem- bers. Not all sheets were dispersed in that manner back then. Recently Wolka reported to the cataloger that a quantity of these sheets still remains available at $25 postpaid, insured, limit one per member. Please address all inquiries to Wolka (address on page 2). (Note: Only small detail shown above.) Size: 27 x 20 Price: $15/$25 (still available) 1987 Memphis SPMC 1987 Souvenir Banquet Ticket Once again the Society turned to a cut down ABNCo intaglio engraving for its banquet ticket. Shown on its face is a SECOND NATIONAL & WORLD PAPER MONEY CONVENTION hosted by Professional Currency Dealers Association (PCDA) Society of Paper Money Collectors (SPMC) and International Bank Note Society (IBNS) CERVANTES CONVENTION CENTER, ST. LOUIS, MISSOURI OCTOBER 29, 30, 31 & NOVEMestki 1. 1987 S 0 ' 1' 11. 1sT T 8 5. 0 ..1‘,4;..4, bit). untt be rcetibeb rot. al Prarr eicirr3 the -, tesoutt(exchange /B S t. Louis) Ir .1; Oct': 1819. The rare Missouri Exchange Bank SO het, note rephodcw.ed ado, way cs$cced in St. Luu,s in1819. Articular example Is an unsigned remainder felt over after the bank closed its doors. Around October 1, 1819 William M. O'Hara 8 Co. received a charter and commenced a banking operation. Notes were Issued In denominations at .12 1/2, .25, SO, /5, 11.00, $2.00 and 15.00. These notes featured newly developed 'geometrical lathe designs' and were printed by Maverick 8 Durand of New York. This Issue was very popular and always &waled at par . The bank's clowntail came on December 20, 1820 when the Missouri censorial lawninkers yaaaeu leg/Station forbiding the circulation of private bank notes. This Law was to take effect on Apnl 1. 1921. Before the bank ceased operation, virtually all extant notes were redeemed at face value. O'Hara Ha Sr. Louis in May 1821 to settle some unfinished business at the Post of Arkansas. He developed a fever and liver disorder and passed away on August 21, 1821. The portrayed note resides in the Ronald Bombe.. ,ollechwh aid is rewcwkli,ew with chs pm,cossion. This of [set souvenir card is being issued by Nancy 8 John Wilson of •MIlwaukee to commemorate the Second SL Louis Paper Money Convention It is Number 12 in law series, and everyone who attends the convention will receive a copy Classic Money Prints by the BEP and ABNCo Genuine intaglio prints of our large size money, using the original steel engraved plates from their archives. BUY • SELL • TRADE Lee Quast Ameri-ShowCards Box 1301, High Ridge, MO 63049 Phone 314-276-1162 - Fax 636-376-2992 600 Filtsl.Nuattiog BMW' The Paper Money Collectors of Michigan was established in 1965. We have members throughout the U.S. Dues are $8 annually. We produce the Rag Picker quarterly. Note in the Collection of Dr. Wallace Lee. Dewitt Prather SPMC #862 Author: United States National Bank Notes and Their Seals Wishes SPMC Members 40 More Years of Success PAPER MONEY • January/ February 2001 • Whole No. 211 This certifies that the Banknote Intaglio printing on the face of this document was printed in 1989 by the American Bank Note Company. Attested to by: ''116/6‘,07‘ Salvatore F. D'Amate President American Bank Note Company $100 Bank of the State of Indiana note, issue-dated July, 1, 1857, printed in black intaglio with red security tint. The note was originally engraved by Bald, Cousland & Co. SPMC sou- venir overprint and IPMS badge vignette appear at ends on back in black. This ticket recycled unsold 1984 SPMC sou- venir cards. Speaker was William Wills. Patrons Association coupons were also honored. Size: 8 x 3.75 Price: $20.00 1987 ANA SPMC 1987 Souvenir Breakfast Ticket 1987 St. Louis Privately Issued Souvenir Card by John Wilson To mark the Second National & World Paper Money Convention in St. Louis October 29-November 1, 1987, SPMC members John and Nancy Wilson issued a souvenir card displaying a 50-cent Missouri Exchange Bank in St. Louis unissued remainder, issue-dated Oct. 1, 1819. The note, from 123 Geer _ • - 4/,/// -7= — _ • HOXI 0i-!D DO 50go lititteb ttites (c_1- 7fie 1,1.1-rr.o rom, ,34 7." 1:1% AAT1ONAL AND WORLD PAPE1? MONEY CONVENTION ST. LOUIS MISSOURI NOVEMBER 10, 11, 12, 13, 1988 IP* z. 1.32-ATR. urPiqra,. ATI.; of VAXSSOCRA SPONsuRED BY THE RRupESsecINAT CURRENCY DEALERS ASSOCIATION AND ODE SOCIETY oF PARER MONEY COLLEC9ORS January/February 2001 • Whole No. 211 • PAPER MONEY124 the collection of Ron Horstman, had originally been printed by Maverick & Durand of New York. Cards were photo- copied on a light, pale blue card stock. A legend on the card's face describes the note illustrated. The card's back included extensive information on the show, the auction, and a meeting schedule. Cards were distributed to convention attendees. It is #12 in theWilsons' series. Size: 8.5 X 11 1988 Memphis SPMC 1988 Souvenir Banquet Ticket that the• Ban knote Intaglio to face of this document was )84 by the American Bank x. .024' Ivatore F. D'Arnato asident cerican Bank Note Company The Society once again turned to cutdown, recycled sou- venir cards for its 1988 Memphis Banquet ticket. And again it was the $100 Bank of the State of Indiana note that served as host for the souvenir of the June 25 affair. Banquet informa- tion and IPMS badge vignette were overprinted in black on the respective ends of the card back. Fred Schwan was the speaker. Size: 8 x 3.75 Price: 1988 ANA Privately Issued Souvenir Card by John Wilson For the July 20, 1988 SPMC meeting at the 97th ANA Convention in Cincinnati, OH, SPMC members John and Nancy Wilson issued a Souvenir Card illustrating various types of obsolete U.S. currency. Illustrated by photocopying in black on a light weight, off-white card stock, are a six shilling New Jersey Colonial note, a Continental $50 note, a $5,000 Bank of the United States issue, a Kirtland Safety Society Bank $5 note, a Series 1864 $500 Confederate Note, and an 1815 U.S. Treasury Note. All notes illustrated were from the Wilsons' collection. The card back includes histori- cal information on the various classes of currency, and infor- mation on the SPMC regional meeting. Cards were distrib- uted to those attending the meeting. This is #15 in the Wilsons' series. Size: 8.5 X 14 1988 St. Louis Privately Issued Souvenir Card by Ron Horstman Issued by SPMC member Ron Horstman (LM12) for the 3rd annual PCDA/SPMC St. Louis National and World NATIONAL AND WORLD PAPER MONEY CONVENTION ST. LOUIS MISSOURI VEMBER 10, 11, 12, 13, 1988 Glaindriang nankin Rouses mums tomal , SPONSORED BY THE PROFEAsiONAL CURRENCY DEALERS ASSOCIATION AND TAR SOCIETY OF PAPER MONEY COLLECTORS FLORIDA 'UNITED NUMISMATISTS 34th Annual "FUN" Convention Orange County Convention Center January 5 - 8, 1989, Orlando, Florida SOCIETY og- PAPER MONEY COLLECTOAS INTERNATIONAL BANKNOTE SOCIETY This Offset Souvenir Card is being issued to commemorate both the 34th Annual FUN Convention and the Society of Paper Money Collectors (SPMC) & International Bank Note Society (IBNS) Joint Regional Meeting, being held in conjunction with the convention. The Paper Money Meeting will be at the Convention Center on Friday, January 6. 1989, at 5,30 P M., in meeting room 8 C & G. After a short business meeting a slide program on "Small Size • Red Seals' will be presented by SPMC Governor, Dc Nelson Page Aspen. The general public is invited and encouraged to attend not only this educational program but also the many others being held at this "Outstanding" Convention. A distinctive printing of this card (limited to 100), will be given away at the conclusion of the combined SPMC/IBNS meeting. Information on FUN membership can be obtained from Maude Brown, P. O. Box 2256, Clearwater FL. 34617; on SPMC from Ronald Horstman, P 0. Box 6011, St. Louis, MO. 63139: on IBNS from Milan Alusic, p 0. Box 1642, Racine, WI. 53401. As far as is known this $3 note, on the Central Bank of Troy, N. York, exists only as a proof. The note was printed by Baldwin, Adams & Co, New York and portrays a young lady on lower right, a Seal on lower left and a Santa Claus / St. Nicholas vignette in the upper center. The note is dated May 1, 1853. Because the denomination "3" is laying down, the note is referred to as a Lazy Three The original proof resides in the Nancy & John Wilson collection. This specially prepared Card is presented to you in appreciation of your attending the FUN Convention and the Paper Money Meeting. This card is limited to 1,100 copies, was produced by Nancy & John Wilson of Milwaukee, Wisconsin, and is 016 in their Series. On behalf of the FUN, SPMC & IBNS Officers we want to wish everyone a healthy, happy & prosperous 198P See you at the "90W FUN event. PAPER MONEY • January/ February 2001 • Whole No. 211 Paper Money Show Nov. 10-13, 1988. Horstman was the show General Chairman and also an SPMC Governor. This card was sold at the SPMC Table at the show, and proceeds donated to the Society. Horstman selected a $10 note on the Bank of the State of Missouri at St. Louis originally printed by Draper, Toppan, Longacre & Co. of New York as the vignette for the card. This Bank, organized in 1837 in St. Louis, had 11 branches. In 1866 the parent bank became the National Bank of the State of Missouri in St. Louis. Shown at right is Daniel Boone. Size: 10.5 x 8 Price: Printed: 300 Sold: 300 1988 St. Louis Privately Issued Souvenir Card by Ron Horstman SPMC member Ron Horstman also issued a second style of souvenir card for the Nov. 10-13, 1988, 3rd annual National and World Paper Money Convention held in St. Louis, of which he was show chairman. The vignette repro- duces in black an unissued Clarks' Exchange & Banking Houses $100 sight draft on a light-weight buff-colored card. The Clarks operated in New York, Boston, Philadelphia and St. Louis. Appropriately, this draft is on the St. Louis office, originally printed by the New England Bank Note Co. of Boston. The SPMC official seal is impressed at upper left on the specimen shown (indicated by the applied arrow). Size: 11 x 8 3/8 Price: Printed: Sold: 1988 SPMC Certificate SPMC 1988 Patrons Association Coupon Board Members instituted a "Patrons Association" in 1983 to raise additional money for the General Fund. Donors were able to exchange coupons for goods and services from the Society, i.e. banquet admissions, souvenir cards, discounts on Society books, and pre-payment of annual dues. Amounts in excess of the fair market value of the coupons redeemed were regarded as tax deductible gifts to the Society. Illustrated on the following page is one such redeemed coupon printed on a GOES 455 standard lithographed form. This particular coupon was redeemed for a Society souvenir SPMC PATRONS ASSOCIATION This coupon entitles. Ire'ex,e /W3/GE sonic " ,/ 39 receive one AT2e--Z-,_5; e L"?.y.ep This coupon has an expiration date of v.. w- 7' 196 9 This coupon will be redeemed subject to the limitations outlined below. COSSOITIOXIS OF MODESOPTIOO - Teda coupon 4 not Mrsderohlo TIlla coupon Ms no cash value and Is rodeemshlo poods and stokes orthe - TIM coupon la sold end ofthout ralue after Me above mole -anon data - coupon Ls voId ff Imonmerta COMPleted. skined, or Mend. AiakredAti4A341/4 -44k.-Air card. The Patrons Association lasted until 1989. Receipts totaled $1,000 -$1,500 annually. Size: 8 x 6 1989 FUN Privately Issued Souvenir Card by John Wilson The Wilsons again commemorated an SPMC regional meeting by issuing a souvenir card. The event this time was held at the Florida United Numismatists Convention, Jan. 5- 8, 1989. Shown is a proof $3 note on the Central Bank of Troy, NY, originally printed by Baldwin, Adams & Co. The central vignette illustrates St. Nicholas and his sleigh, a favorite image of the Wilsons. The card was reproduced in black by photocopying the note on light weight, buff colored card stock. The legend on the card provides information on the SPMC event, an illustrated talk on Small Size Red Seal Notes by Dr. Nelson Page Aspen. Historical information on 125 CENTRAL STATES NUMISMATIC SOCIETY 50th ANNUAL "CSNS" CONVENTION APRIL 20 (PNG DAY), 21 • 23, 1989 KANSAS CITY MERCHANDISE MART OVERLAND PARK, KANSAS /,/ whipolt-ars • - _ SOCIETY OF PAPER MONEY COLLECTORS INTERNATIONAL BANK NOTE SOCIETY SOCIETY FOR U. S, COMMEMORATIVES This Offset Souvenir Card, Ls being isimed m mamemorate both the 50th CSNS Convention and the educational an:grams being held in conjunction with the show. All the programs will be held at the Convention Center on Saturday, April 22nd and the general public Is Invited to attend. Sponsors for the erents are listed above. 9:00 a m. - Commemorative Society meeting featuring a program by Mr. Commem. Anthony Stalatek. 10:30 a. m. • IBNS SPMC meeting featuring a program by YENS Editor Mike Payton on -Why I Collect Paper Money' 030 ro. you are invited to atimal ooh Open ANA Club Representatives meetIngbeing chaired by Regional Coordinators Paul Miller and John Wilson. We invite you to attend and comment on how we can make our great ANA even greater. 1:35 CSNS Educational Forum feattning20 minute presentations by: Butcher-Coins of the Bible & Christianity. Gene Hessler • G. F. C. Stodge, Bank Note Engraver; Nancy John Wilson • Building a Numismatic Exhibit, Harry X Hensel - Early Days of CONS. This diversified program was arranged by Convention General Chairman Ralph Hardman and Raymond 0. Lam= echo will be moderator. Information on CONS membership can be obtained from Robert E. Douglas. P. 0. Box 223, Hiawatha, Iowa 52233; on SPMC from Ronald Horstman, P. O. Box 6011, St. Louis, MO. 63139: on IBNS from Milan Al ask, Et O. Box 1642. Racine, WI. 53401. and on the Commemorative Society from Pat Bost. 1836 Teton Pass. El Cajon, CA. 92019. The above reproduced 52 note on the Merchants Bank of Fort Leavenworth, Kansas is dated August 21, 1854, numbered 454 and is signed by Lucien Ayer as President and a Mr. Raymond as Cashier In mad Zaclutry lkylon at left two maidens representing Agriculture & Commerce and at bottom Imprint W. L. Ormsby. Newyork. This bank never opened and large amounts of the notes were °imitated in eastern banks until the fraud was discovered. This 'wildcat . bank also issued denominations of 61,65 and 810. About 50 to 100 notes are known for each denomination. This free appreciation card is Iltaited to 1,100 copies 1100 distinct for DINS i SPMC meeting), was produced by Nancy &John Wilson, and is al7 in their Series. The CONS Officers & Committee for this 50th Convention thank you for attending and wish you a happy health., and safe convention. South Shore Coin chth of Milwaukee Invites you to the 510CSNS Convention from April F$1980. FOURTH NATIONAL & WORLD PAPER MONEY CONVENTION hosted by Trofesstonat Currency Dealers Association Society >f Paper Money Collectors international Dante Note Society at the CERVANTES CAJNYtZVI1UN CENTEIL ST LOUIS, MISSOURI NOVEMBER 30, DECEMBER 1, a, at 3, 1989 This Souvenir Card is being issued to commemorate the 4th Annual St. Louis Paper Money Convention being hosted by the PCDA, SPMC and IBNS. It was produced by Nancy & John Wilson of Milwaukee, wisconsin and is Number 21 in their series. It is limited to 300 copies. The State of Missouri $4.00 Defence Bond portrayed above was printed by Keatinge & Ball of Columbia, S. C. It was issued under the Act of November 5, 1861 to provide for the Defence of the State of Missouri. Since there is no signature, number or date on the note, it is referred to as a Remainder. For information on the PCDA write to Kevin Foley, P. O. Box 573, Milwaukee, WI. 53201; for SPMC, Ron Horst-nen, P. O. Box 6011, St. Louis, MO. 63139; and for the IBNS, Mil. Alusic, 11 0. Box 1642, Racine, WI. 53401. On behalf of the show committee have n Happy Holiday Season. Look for the 5th Annual National & World Pan. Money Convention November 8. 9, 10 &11, 199n wt 1,„,,i, January /February 2001 • Whole No. 211 • PAPER MONEY126 the note and addresses of Society officers are also listed. According to the legend, the issue was limited to 1,100 cards, which were distributed to attendees of the convention and the Society meeting. This is #16 in the Wilsons' series. Size: 8.5 X 11 Quantity Printed: 1,100 1989 CSNS Privately Issued Souvenir Card by John Wilson The Wilsons card for the SPMC regional meeting at the April 20-23, 1989 Central States Numismatic Society Convention in Overland Park, KS, illustrates a Merchants Bank $2 note, issued at Ft. Leavenworth Aug. 21, 1854. The note was originally printed by W.L. Ormsby, and was repro- duced by photocopying in black on light brown card stock. Vignettes include Agriculture and Commerce, and Zachary Taylor. Speakers at the CSNS educational forum included the Wilsons and Gene Hessler. The card's legend describes the note, provides details on the convention, and addresses for inquiries. According to the legend, the card was limited to 1,100 copies, including "100 distinct for the joint IBNS/SPMC meeting." This is #17 in the Wilsons' series. Size: 8.5 X 11 Quantity Printed: 1,100 (100) 1989 Memphis SPMC 1989 Souvenir Banquet Ticket The $100 Bank of the State of Indiana note served yet again as the host for the SPMC June 24 souvenir Banquet ticket. This time, however, an insert was printed giving infor- mation on the occasion, which was "circulated" with a cut- down souvenir card note. Size: 8 x 3.75 Price: $20.00 1989 St. Louis Privately Issued Souvenir Card by John Wilson The 4th annual St. Louis National & World Paper Money Convention, Nov. 30-Dec. 3, 1989, was commemorat- ed on this card produced by John and Nancy Wilson. They selected an unissued $4 Missouri Defence Bond remainder, originally printed in South Carolina by Keatinge & Ball for the card's vignette, which they reproduced by photocopying in black on a light weight, buff-colored card stock. Information beneath the illustration provides details on the note, the show, and the Society. Size: 8.5 X 11 1990 Memphis SPMC 1990 Souvenir Banquet Ticket It is unclear what the souvenir ticket for the 1990 banquet was. John Wilson provided this State Bank of Indiana $100 cutdown souvenir card overprinted "S.P.M.C." in blue on back. Nathan Goldstein supplied yet another example. These may be the last gasp of the retained 1984 souvenir cards. Can FIFTH NATIONAL & WORLD PAPER MONEY CONVENTION hosted by Professional Currency Dealers Association, .society of Paper Money Collectors & International Pank,Note Society at the CERVANTES CONVENTION CENTER, ST LOUIS, MISSOURI NOVEMBER 8, 9, 10 & 11, 1s90 This Souvenir Cord is limited to 500 copies sod is hemp issued to eitioommuiste the 5th Annual St. Louis Paper Money Convention, being hosted by the PCDA. SPMC, and IONS. It was produced by Nancy & John Wilson of Milwaukee, WI. and is No 24 in their series. The 85.00 Bank of the State of Missouri Note portrayed above resides in the Ronald Horstman collection and was reproduced with his permission. It was printed by Tolman, Carpenter & Co., Philad. & N. Y. This bank was Chartered in 1837. The State of Missouri owned 507E of the stock. This note was payable at the :ape Girardeau Branch. Portrayed at left is John Henderson, U. S. Senator from Missouri, and at the right Robert Barnes, Bank President. The center vignette is Kanes Arctic Expedition." The Signatures: A. S. Robinson. Cashier, and Robert A. Barnes, President. In 1865 the bank converted to the National Bank of the State of Missouri and was assigned Charter No. 1665. Because of incompetent management the bank closed in 1877. For information on the PCDA write to Kevin Foley P 0. Box 573, Milwaukee, WI. 53201; for SPMC, Ron Horstman. B O. Box 6011. St. Louis, MO 33139; and for the IBNS, Milan Alusic. P O. Box 1642, Racine, WI. 53401. moth cow/emit." drugraliis tvill be on Seduitiay, in Room 270 of the G,.., Center. The public is invited and encouraged to attend these meetings. At 11:00 an IONS meeting a-ill feature Armen Youssefi who will give a program on 'The Story of Currency in Kuwait." Neil Shafer will also give a short talk on the upcoming Christie's sale of the world portion of the ABNCs archives. At 2:00 p.m. an SPMC meeting will feature Richard Balbaton who will give a program on 'A Look at the Banknotes and Scrip Issues of France. l'he committee wishes everyone a great show. PAPER MONEY • January/February 2001 • Whole No. 211 This certifies that the Banknote Intaglio printing on the face of this document was printed in 1984 by the American Bank Note Company. Attested to by: : Salvatore F. D'Amato President American Bank Note Company any Paper Money reader provide conclusive information on the matter? Details, as they become available, will be published in a future issue of our journal. Size: 7 3/4 x 3.5 Price: 1990 St. Louis Privately Issued Souvenir Card by John Wilson The Wilsons issued two cards for the 5th annual St. Louis National & World Paper Money Convention, Nov. 8-11, 1990. The one above displays a $5 Bank of the State of Missouri note, issued Sept. 1, 1859 from the collection of Ron Horstman. The note was originally printed by Toppan, Carpenter & Co., portraying U.S. Senator John Henderson (L), and bank President Robert Barnes (R). The central vignette is Kane's Arctic Expedition. According to the legend on the card, the bank was chartered in 1837, with the State of Missouri owning half interest. The bank converted to a National Bank in 1865, charter #1665. The note depicted was payable at its Cape Girardeau Branch. Horstman's note was reproduced by photocopying in black on light-weight buff- colored card stock. The SPMC meeting featured an illustrat- ed talk by Dick Balbaton on French currency. This card was limited to 500 copies, distributed free to attendees at the show. The Wilsons' other card (not illustrated) was issued for the IBNS meeting at the show, and included an actual Kuwait 1 dinar note (Pick 11) mounted in a currency holder on the card to commemorate a talk on Kuwaiti currency. That card was limited to an edition of 60. Size: 8.5 X 11 Quantity Printed: 500 1991 Memphis SPMC 1991 Souvenir Banquet Ticket This is another recent year where collective resources have not yet produced what if anything served as a souvenir ticket for the 1991 SPMC Banquet. Find us one and we'll illustrate it in a future issue of Paper Money. Size: Price: $20.00 1991 ANA SPMC 1991 Souvenir Banquet Ticket A ' t 1 .--.. ( c ili') :ii-in. _g , (1!) ,,,,,/„„,„,//„_, a/, /i2; , ,/, /// • //////4/1 A, /115/ ,-..."..„ // //,/ 4,y,...0ifeltuildr --- ed (/////•*) , , , •#,y, . M. A cutdown 1983 ABNCo black intaglio engraving of a $100 Banking House of F. Argenti & Co., San Francisco, California, note originally engraved by Rawdon, Wright, Hatch & Edson was used for the banquet ticket. On its face is rubber-stamped in red a circular message: "Happy Centennial ANA / Chicago August 13-18, 1991" surrounding "John Wilson / General Chairman / Nancy Wilson / Governor." Size: 8 x 3.75 1992 Memphis SPMC 1992 Souvenir Breakfast Ticket SPMC AW • ; I:- : : . • .:1 / .1...(ILVI..Tyl., , 0 , / 16th IPMS, MEMPHIS, TN :2-, / } /:' ' JUNE 21, 1992, ADMIT QM .,. t ' -1 - ' ... - ---- - -.=-. -- '.------•"-••■•°"""'"•'"'"°"---"'—i- ( (12 ) - / -._ - i w i/J , • ,(,.. /, /, 7/: 4,,,,,•• °lie Itithdred (///7/•:, /,/,,,,, • •, ...,., 127 ,//, -PArrAc.-PPrrqAvr :=3-0:vriii :1,-.1r,,s•., \//, ///, /7 TEN DOLLARS , /7/ /44'/N4. ' , ,, 4/, / (:' J' 1! IS arroulit ,:.,,. tZ 111.AAAN:- .7114 APO, 01" '4 4;4' iNpro.%-frairrig Arizona Territory was settled long aver government taxes mane private ....wads obsolete. Yet, a shortage of United States currency caused a number of traders and merchants to issue their own scrip, e.g. the Lord &Williams onedollar note reproduced above. Dr. Charles H. Lord and W.W. Williams migrated to Arizona Territory in the 1860's. In 1875 they opened the first bank in the territory which they operated along with a thriving mercantile business. Between 1876 and 1879 Lord B. Williams issued scrip in 5.10.25 and 50-cent and one dollar denominations. The notes were printed by Thalrneasinger, Stationers. New York City. As was common practice in thosedays, the design was copied from another banknote company's work. Model for the Indian. reproduced to the left from an original die. was by the Continental Bank Note Company, none incorporated into the American Bank Note Company, New York. Thin kertifies mat ow li.ograpnic and Banknote Intaglio printing on the face of this document wm printed in 1983 by the American Bank Note Company. Anemcd to by: Salvatore F. D'Amato President American B11111,,....Comomny 19th Interramonal Paper money Show Memphis, Tennessee Snnety of Paper Money Collectors Break!. & Tom Ban, Raffle rid, June Is. 1095 - 7.30 A. M. Cook County Convention tenter Admit One - $10.00 January/February 2001 • Whole No. 211 • PAPER MONEY128 Once again a cutdown 1983 ABNCo black intaglio engraving of a $100 Banking House of F. Argenti & Co., San Francisco, California, note originally engraved by Rawdon, Wright, Hatch & Edson was used for the banquet ticket. The card was over-stamped on its face in black with the SPMC breakfast information. Size: 8 x 3.75 Price: $12.00 1993 Memphis SPMC 1993 Souvenir Breakfast Ticket SP AWARDS BREAKFAST 27,i / LEM.S., MEMPHIS, TN JUNE ,1993 , ADMIT 9RE t , t ..s.1-1,-c?-uf,, "" ' S r i — ( 0 ( o , (,„ ,/,,„,„,//„ ,-„Z„ „7-,- ,,-„/ Y/- • ...49:;,,, ,,,,,4/.,7 4. //, 4,y,,, , onellujulfed //Ai ,,,rev, --- /,,, 0 Yet again, a cutdown 1983 ABNCo black intaglio engrav- ing of a $100 Banking House of F. Argenti & Co., San Francisco, California, note originally engraved by Rawdon, Wright, Hatch & Edson was used for the banquet ticket. The card was over-stamped on its face in black with the SPMC breakfast information. Size: 8 x 3.75 Price: $12.00 1993 Memphis SPMC 1993 Souvenir Reception Ticket The Society held a reception and cocktail party at the 1993 Memphis show. John Wilson volunteered to provide suitable tickets. Paper Money would like to illustrate one. 1994 Memphis SPMC 1994 Souvenir Breakfast Ticket A cutdown 1984 ABNCo black intaglio engraving of a $10 Michigan State Bank note, originally printed by Rawdon, Wright, Hatch & Edson, was used for the breakfast ticket. Its reverse bears the SPMC legend printed in blue at one end. At right is the IPMS badge vignette. Size: 8.25 x 3.75 Price: $6.00 Tnis certifies tnat the banknote Intaglio printing on the face of this document was printed in 1989 by the American Bank Note Company. Attested to by: • Salvatore F. D'Amato President American bank Note Company 1994 Memphis SPMC 1994 Souvenir Reception Ticket Once again John Wilson provided souvenir tickets, but the compiler has not been able to come up with one to illus- trate as yet. Perhaps you can help, so we can illustrate the item in a future issue of Paper Money. 1995 Memphis SPMC 1995 Souvenir Breakfast Ticket A cutdown 1983 ABNCo lithographic and banknote intaglio print was used as a very large breakfast ticket. The face shows a Lord & Williams, Tucson, Arizona Territory, $1 scrip c. 1875-1879, which originally was printed by Thalmessinger, Stationers, New York City. The Indian vignette was copied from a Continental Bank Note Co. design. A Tennessee seal is at left on the reverse, and the SPMC commemorative data is printed in black at the right end. Size: 10.25 x 5 Price: $10.00 EARLY AMERICAN NUMISMATICS • 619-273-3566 We maintain the LARGEST ACTIVE INVENTORY IN THE WORLD! COLONIAL & CONTINENTAL CURRENCY SEND US YOUR WANT LISTS. FREE PRICE LISTS AVAILABLE. SERVICES: CI Colonial Coins • Colonial Currency U Rare & Choice Type Currency • Pre-1800 Fiscal Paper U Encased Postage Stamps SERVICES: U Portfolio Development U Major Show Coverage • Auction Attendance EARLY AMERICAN NUMISMATICS do Dana Linett P.O. Box 2442 • LaJolla, CA 92038 619-273-3566 Members: Life ANA, CSNA, EAC, SPMC, FUN ANACS Ulf-Alikti 4-S" ."bl "114.11-11j -ux 1 *t - Your Hometown Currency Headquarters Top prices paid for National Currency Collections, Large-Size Type Notes, All Florida Currency and Scrip Largest Inventory of National Currency & Large-Size Type Notes! E-mail: wymoneyezaol.com Call 1-800-327-5010 for a Free Catalog or write ...I :re ■ William Youngerman, Inc. Rare Coins & Currency "Since 1967" P.O. Box 177, Boca Raton, FL 33429-0177 r PAPER MONEY • January/February 2001 • Whole No. 211 129 2■11.1 .000 z,tvst Pa 1 SPMC Awards Breakfast Amu Om, Wucv VALIDATED SMIALNO 6 9 C, 0 • • Friday —June 16,2000 January/February 2001 • Whole No. 211 • PAPER MONEY130 1996 Memphis SPMC 1996 Souvenir Breakfast Ticket .... OK OP -- /Y.' c CG •, l'i, ‘.,..-474, \ ,\ o13— ,... i ' \ 1, 9 1 i -.,. P. '., &''' 0 --, —1 il . •.,.\2.%471' • I $ ', e44,,4t 2-1P-Aiii.ti 1. te 4uE gl - p,,,,, A 1.4 14c , z , la ,,,, v1 , ,kefliiniiii 7 ' t„., 0: :- • A cutdown 1980 ABNCo black intaglio engraving with green security tint of a $3 Bank of the Ohio Valley, Cincinnati, ca. 1860, note was used for the ticket. The origi- nal note was an ABNCo product. SPMC breakfast informa- tion rubber-stamped on its face at left end. Signed by Dean Oakes, Tim Kyzivat, and a few by Frank Clark. Size: 8.5 x 3.5 Price: $7.00 Note: At its Memphis Board Meeting, Ron Horstman expressed the opinion that the Tom Bain Raffle had lost its original purpose. He stated that SPMC should price tickets to equal the cost of the breakfast, so that raffle proceeds could be put to another purpose. A committee was appointed, and tick- et prices have raised gradually in recent years. 1997 Memphis SPMC 1997 Souvenir Breakfast Ticket A cutdown 1979 ABNCo black intaglio engraving of a $10 Exchange Bank of St. Louis note, with brown denomina- tion and counter ornamentation was used for the breakfast. This attractive note was originally an ABNCo product. The card was originally printed for the 1979 St. Louis ANA Convention. SPMC breakfast information was rubber- stamped on its face at left end. Tickets were furnished by John and Nancy Wilson. Signed by Dean Oakes, Tim Kyzivat. Some were also countersigned by Frank Clark. One of the raffle prizes at the Tom Bain auction was a 1966 SPMC luncheon ticket. Size: 7.5 x 3.75 Price: $7.00 1998 Memphis SPMC 1998 Souvenir Breakfast Ticket A cutdown 1984 ABNCo green intaglio engraving of a countersunk Colorado National Bank of Denver advertise- ment originally prepared by NBNCo was used as the breakfast ticket. The SPMC information was rubber-stamped in black at one end on its face. Size: 8 x 3.75 Price: $8.00 r- r.t .c., zktzr,3)---. c_, . i a.- 1-.4 II g._ 0 --- ..,,C;. s...'.-,.., c in tz, ; 1 , .3 11i,1 1, d D 11 ., ;Z:NS- 1.1 1 I I i 1,42■ It /II 01(1 1,3 I 011 , 1 ',lg., /11■1,, / , , ,, Uf 7f ,,,,(,,, , , ,N. I1 , 1 ,,,, ,, 1999 Memphis SPMC 1999 Souvenir Breakfast Ticket AT A at.obt.irst -.# 17' (4111t(ercutoitt YME18; (RIMS ,w ,Zmaiv A cutdown 1982 ABNCo black intaglio engraving of a $3 note on The Tremont Bank, Boston, Mass., issued dated April 1, 1856, was utilized for the breakfast. The note was origi- nally printed by Danforth, Wright & Co. The SPMC infor- mation is rubber-stamped in black at one end on its face. The ticket is countersigned by Frank Clark, Mark Anderson and countersigned by Bob Cochran. Size: 9 x 3.5 Price: $8.00 2000 Memphis SPMC 2000 Souvenir Breakfast Ticket Printed intaglio in brown and green, with the distinctive blue International Plate Printers, Die Sinkers and Engravers Union seal at the bottom of the card, these souvenir tickets were donated by Mike Bean, Lee Quast and John A. Parker. Signed by Frank Clark and Mark Anderson. Leftover tickets were sold for $12. Size: 8 x 5 Price: $12.00 Volume XL Number 1 Jan/Feb 2001 Society of Paper Money Collectors 1961-2001 The Society of Paper Money Collectors, Inc. was founded in Atlanta, GA in 1961 "to promote, educate and encourage the study and collecting of paper money." During its four decades, the Society has published more than 200 issues of its award-winning magazine, Paper Money, and 20 books on a variety of syngraphic subjects. Annual meetings are held in June at the Memphis International Paper Money Show. The Society co-sponsors an annual show in St. Louis in the Fall, and regional events are staged throughout the year at various conventions. These get-togethers offer illustrated lectures and camaraderie. SPMC's nearly 2,000 members come from all walks of life, and from all states and many nations around the globe. Anyone, 12-years-old or older, of good moral character may join SPMC. Annual dues are $24 in the U.S. ($29 in Canada and Mexico, or $34 else- where). Updated information on the Society is available around-the-clock at WWW .SpMC. o rg 1961 - SPMC - 2001 Frank Clark, President Wendell Wolka, Vice President Fred L. Reed III, Secretary Mark Anderson, Treasurer Bob Cochran, Past President Fred L. Reed, Editor Gene Hessler, Contributing Editor Robert Schreiner Advertising Alanager Governors: Mark Anderson, Benny Bolin, Frank Clark, C. John Ferreri, Gene Hessler, Ronald L. Horstman, Arri Jacob, Judith Murphy, Fred L. Reed III, Robert Schreiner, Steven K. Whitfield, Wendell Wolka Card reproduced one- half size Spidrn Ppetis 7, O. Pax 1146 2001 Paper Money Privately Issued Souvenir Card by Mike Bean Printed intaglio and offset in black and green, this card was an insert in the 40th Anniversary Commemorative Issue of Paper Money, January/Febraury, 2001, issue #211. It was print- ed and donated to the Society and its membership by SPMC member Mike Bean (#9702) and Spider Press Printing, Olney, MD as a salute to the Society's anniversary celebration. Mike Bean frequently gives demonstrations of his printing tech- niques at conventions. Only members in good standing of the Society received this card as an extra benefit of their member- ship during the anniversary year. Devices include the Society Logo, designed by Forrest Daniel and Brent Hughes, and an engraved intaglio Dollar Sign medallion. Historians believe the dollar sign evolved from book keeping practices for accounts in Spanish pesos or "Piece of Eight." A commemo- rative inscription suggested by Paper Money Editor Fred Reed, Society officers, and printer's imprint also appear. Additional cards will be furnished to new members while supplies last. Size: 8 x 10 Quantity Printed: 2,700 + Spider Press Printing Plate Printing - Die Stamping - Siderography Custom engraved note cards, business cards and souvenir cards. Specializing in bank note style engraving and 19th century intaglio printing techniques. Antique 19th century 'Spider Press' exhibitions. Michael Bean P.O. Box 1146 Plate Printer Olney, MD 20830 Paper Money 40th Anniversary Commemorative Issue Soo En' OF PAPER MONEY COLLECTORS INC. PAPER MONEY • January/February 2001 • Whole No. 211 131 132 January/February 2001 • Whole No. 211 • PAPER MONEY Three-Year SPMC Statement of Operations Compiled by Mark Anderson, SPMC Treasurer, #7300 Statement of Cash Activity 12 Months 12 Months 12 Months Cash Received Ended 6/30/1998 Ended 6/30/1999 Ended 6/30/2000 Dues - Annuals $35,327.50 $39,232.50 $34,216.89 Dues - Life Members 24,125.00 1,954.00 2,906.00 Publication Fund 837.00 2,598.59 $4,286.10 Interest 1,198.02 2,144.78 8,214.67 Advertising 9,757.79 3,428.72 17,079.26 Sale of Magazines 108.25 72.00 66.80 Sale of Huntoon Book 2.605.50 Sale of Kentucky Book 3,452.00 2,493.33 Memphis Breakfast 1,502.00 216.00 Raffle Proceeds 998.00 785.00 Miscellaneous 298.21 521.00 2,408.99 Total Cash Received $77,709.27 $54,944.92 $70,179.71 Cash Disbursements Printing of Magazine $22,023.00 $26,519.49 31,213.15 Editorial Fees/Journal Prep 12,265.11 13,487.80 10,881.35 Expenses - President 1,006.04 1,533.40 2,121.13 Expenses - Secretary 2,384.49 3,280.29 Expenses - Treasurer 1,200.00 Expenses - Activity Director 500.00 Expenses - Membership Director 415.10 Memphis Breakfast 1,633.82 1,200.00 1,935.91 Expenses - Kentucky Book 1,773.82 2,576.51 Huntoon Book 2,000.00 Library Expenses 149.67 Other 903.79 1,427.86 1,359.59 Total Cash Disbursed $42,905.17 $51,375.02 $49,511.13 Net Cash Received for Period $ 34,804.10 $ 3,569.90 $ 20,668.58 Funds Balance $190,411.10 $193,981.00 $214,649.58 Statement of Fund Balances General Fund - Investments (CDs) $ 24,284.69 $165,000.00 $205,000.00 Cash on Hand 166,126.41 28 981.00 9,649.58 Total Funds $190,411.10 $193,981.00 $214,649.58 Less Committed Fund Balances: Wismer/Publication Fund $30,369.33 $32,884.74 $35,591.74 Life Membership Fund $78,575.52 $80,529.52 $82,654,52 Total General Funds Available $81,466.25 $80,566.74 $94,403.63 Wismer/Publication Fund: Balance brought forward $25,248.65 $30,369.33 $32,884.74 Contributions Received 837.00 2,598.59 5,067.10 Sale of Huntoon Book 2,605.50 Sale of Kentucky Book 3,452.00 2,493.33 Cash Disbursements (2,576.51) (2,000.00) Expenses - Kentucky Book (1,773.82) Balance $30,369.33 $32,884.74 $35,951.74 Life Membership Fund: Balance brought forward $54,450.52 $78,575.52 $80,529.52 Cash Received 24,125.00 1,954.00 2,125.00 Balance $78,575.52 $80,529.52 $82,654.52 133PAPER MONEY • January/February 2001 • Whole No. 211 WANTED COLONIAL/CONTINENTAL BANKNOTES Any Quantity, Any Condition. Ship in confidence to: Steve Pomex (Member ANA, SPMC, IBNS) PO Box 2, Ridgefield Park, NJ — 07660 Tel: 201-641-6641 / Fax: 201-641-1700 Email: Steve@Pomexport.com r I I STOCKS & BONDS MONTHLY MAIL BID SALES RR's, Mining, Banking, etc. etc. Something For Everyone FREE LISTING I RICHARD T. HOOBER, JR. P.O. Box 3116, Key Largo, FL 33037 Phone or Fax (305) 853-0105 I I I I I I I Thank you SPMC for making this great hobby even greater! Always interested in Dallas and Denton, Texas Nationals Frank Clark P.O. Box 117060 Carrollton, TX 75011-7060 WANTED 12 BIRTH YEAR $1 F.R. RADAR NOTES Must be CU. Paying $20 plus $3 P/I each Bruce E. Keener 3435 E. Prospect Road York, PA 17402-8685 1890; 1903; 1926; 1927; 1930; 1932 1935; 1954; 1956; 1964; 1978; 1981 WORLD PAPER MONEY specialized in Poland, Russia & E.Europe ATS notes Free Price List www.atsnotes.com ats@atsnotes.com Tom Sluszkiewicz P.O.Box 54521, Middlegate Postal BURNABY, B.C., CANADA, V5E 4J6 Buying & Selling National Bank Notes, Uncut Sheets, Proofs, No. 1 Notes, Gold Certificates, Large-Size Type Error Notes, Star Notes. Commercial Coin Co. P.O. Box 607 Camp Hill, PA 17001 Phone 717-737-8981 rifiN .roa.Por-Al24'" THE CAW ha MUM BAIT CAMP HILL PENNStLYANIA FIVE Di ■13. kitS Life Member ANA 639 EMCFigaCIAuDCTS DOLLARS No NORTH TONAWA NDA N Y /7z ifiretek Nrrixertson & (Company 50-302 dANKEFIE1 1927_ 134 January/February 2001 • Whole No. 211 • PAPER MONEY Remembering Early Paper Money Collectors I knew By Robert H. Lloyd, #2251 I joined the ANA in 1926 and the ANS in 1931, but I must have joined SPMC rather late, I think. It must have been in the mid-sixties. I really miss the old-timers like Tom Bain, although I still enjoy reading Peter Huntoon. Here are some brief reminiscences of early paper money collectors. George H. Blake: For years the "dean" of collectors, and long-time Treasurer of the ANA. I corre- sponded with him in 1926, and had the pleasure of meeting him at the Rochester ANA Convention in 1928 in his hotel room. I was able to add to my type set of $1 and $2 large notes. In "Syngraphic Vignettes" a few years ago, 1 related a story about Blake under "hoards." His 1908 book U.S. Notes was our only guide until Friedberg came out with a hard bound book. William A. Philpott, Jr.: Longtime Secretary of the Texas Banking Association. "Phil" was a real gentleman, and a plea- sure to deal with -- for a banker. I looked forward to seeing him in person at the ANA Convention. He purchased out- right my collection of Buffalo National Bank Notes, complete as to banks. Later he took my nine large size Tonawanda Nationals, mostly crisp, for $72. Today each would bring 20 times that figure. His life philosophy was published in a brochure written just weeks before his death. William P. Donlon: A fine gentleman, and a good dealer. The late Jesse Taylor and I instructed him in the lore of "Block Numbers," which was new at that time. O'Donnell's book was not yet at the printers. B. Max Mehl: I will not forget our good visits at the conventions. Mr. and Mrs. Mehl were at our table at the 1928 convention. Max ordered champagne for the newly weds, the Lloyds. I had bought coins from him since 1922. Albert A. Grinnell: I met him for the first time in 1928 at the Detroit Coin Club. I was living in Ann Arbor then. The illustrated check (above) is one of several that survived. He took my note for his notes. And I paid ten dollars a month until the debt was paid! He was mentioned in "Syngraphic Vignettes" several years ago when I described rescued hoards from the Buffalo Federal Reserve branch bank. The Olden Days of Paper Money Collecting By Steve Whitfield, #2930, LM249 The first paper money I collected was during 1959/61, while I worked as a bank teller in New England. People were still bringing in the occasional large sized note and redeeming it. After I got over my amazement that such things had ever existed, I saved as many of them as I could get my hands on. That was tough when my salary was only $75 gross, every two weeks. However, if I could not swing the note I would carry it as vault cash, until I could afford the note. I went back to college in 1961 and was forced to sell all my collectibles, as I needed the cash for tuition. So my cur- rency, coins and mint U.S. stamps all went to a coin dealer, for a pittance. In later years I would wish I had borrowed against the notes, as collateral, rather than selling them, but hindsight is always great. I did manage to keep a single note that I had retrieved from my teller cash drawer in 1959. It is a 1928 A $1 note in AU condition. It was lying in the drawer; back side up and so caught my attention. I have the note today. After college I was married, had a daughter and went into the Army. There was no time and certainly no money for a hobby. For awhile at Fort Lewis my monthly salary as a 2nd Lieutenant was $240, exactly enough, if I didn't have to pay taxes, to cover the $240 per month apartment rent. In 1968, we found ourselves stationed at Fort Belvoir, VA. Our immediate neighbor was an avid coin collector and he took me to weekly coin auctions held at a coin shop in Falls Church. I was soon interested in paper money again, but had few funds to pursue the hobby. I joined the SPMC in 1969 or 1970, right after returning from a second tour in Vietnam. I had been interested in paper for a long time, but had not done anything about joining an organization. In 1970, on my return from Vietnam, I was stationed at the University of Kansas as an ROTC instructor. I had just joined SPMC and the first copy of Paper Money I received had a photo of a Lawrence, Kansas, obsolete note on the cover. This was a completely new field for me. It inspired me to learn all that I could about these obsoletes. That started a life- long quest for information, illustrations and seeking out Kansas obsolete notes. For more than 30 years I have continued the hunt, occa- sionally finding a bit of information, the whereabouts of another rare note, or the opportunity to wipe out my bank account by buying a note I simply had to own. The quest led to an update of the Wismer Kansas book in 1980, revisions in 1990 and a current 2001 effort. I have done exhibits and made presentations about Kansas obsoletes in many different locations, made a lot of friends along the way, and had a lot of fun doing it. I corresponded with and met many of the famous person- alities of the hobby, from Philpott, Kosoff, Donlon and Criswell to Newman, Muscalus, Wigington and Lindsay. There were many others, too numerous to mention, and of course I know all the current celebrities in paper money. And they all know what I am looking for. I strongly encourage anyone serious about this hobby to exhibit and write articles for your journal or other numismatic publications in order to get the most out of this great hobby. v 7DEPARTMENTENT OF'#VCRECetidelel'r\ \ 'EANSGRAVING AND PRINTING/L WAS 9 ,s._() ..\°SThis engraving, printed from a plate prepared from the original master die, is a replica of the back of the 1896 51 Silver Certificate. It complements the faceprioutic—l'ef thists, deZtir, and serMs which was issued as a souvenir card in 1971. \I\d Portraits were placed on the backs of notes of the 1896 Educational Series becaum the face esigns were very detailed and extended over the entire obverse of the notes. , ,-\,13ar ea the time. The portrait of Martha Washington vea ved s o es Burt in 78, and back was designed and executed by Thomas F. Mo ri Chief of the Engraving Division of the Wash n's portrait was engraved by Alfred Seeley in 186 • ly wo an whose portr- a hasSur ng 1975, Inte nars ever appeared on United States rr l Women's Year, it is particu r maw 2--'---AlalCAN NUMISMATIC ASSOCIATION --' 4TH ANNIVERSARY CONVENTION—AUGUST 19-24. 1975 n , -,Los AN ALIFORNIA LIT o co erovookr , &(riXi L(17-""fr'-, PAPER MONEY • January/February 2001 • Whole No. 211 135 Let's take the time to record some of these happenings By Roman L. Latimer, #2540 Thanks for requesting "Old Days" items. It is a shame that we all have shared in so many wonderful stories that are a part of this great hobby of ours but are not recorded and are thus lost forever. Many years ago, George Nicholson, and a few others, were recounting events of the past when I suggested to George that we should write up these happenings. George replied, "Forget it, as no one would believe it." Now, after the passage of time and many of my old buddies who are no longer with us, I wish we had taken time to record some of these happenings. One occasion comes to mind that might be of interest. It con- cerns the SPMC banquet at the 1975 ANA Convention in Los Angeles. These banquets were a big event for us, not only at the ANA and later at Memphis, but at many other numismatic meetings, too, such as the TNA shows. The Bureau of Engraving and Printing had started printing sou- venir cards featuring paper money Bob Medlar, Amon Carter Jr., Art Leister, Dick Sara, William P. Donlon, William Doovas, George Decker, Grover Criswell, Robert P. Jones, Dave Levitt, and Aubrey E. Bebee. Also, Chet Krause, Forrest Daniel, J. Roy Pennell, Dick Bowman, John Jay Pittman, Harry Jones, Torn Bain, Gene Hessler, V. H. Oswald, SPMC VP Eric P. Newman, George A. Nicholson, Curtis Iverson, John Rowe, David Hakes and Dale Ennis. Also, Jack Everson, Paul Kagin, Dean Oakes, Paper Money Editor Barbara Mueller, David Dorfman, Gerome Walton, Charles Colver, Chuck O'Donnell, Lyn Knight, Jake Sureck and of course myself. After this show, there were a few others of our fraternity who continued doing the same. I recall at one of the Memphis shows that someone dis- played many of these autographed cards. As the one in 1975 who may have been one of the first to kick off the many that followed, I thought it might be of some interest to the mem- in 1970. At the LA SPMC banquet, I idea to obtain the autographs of many of the banquet. I brought a card with me and hit the head table of digni- taries for signatures. Then I tried to obtain these, now rare autographs, of as many other members and dealers as I could. Signatures on the card included: BEP Director James A. Conlon, ANA President Virgil Hancock, SPMC President bership. Photographs were also taken at the banquet. I enjoyed being seated at the table I was since the group were all great friends. They included Dick Bowman and his wife, Dean Oakes, Amon Carter, John Hickman, Gerome Walton, Bill Doovas, Jack and Marg Everson and me. So let's record some of these "Old Days" happenings from this great hobby now before they are lost forever. thought it might be an of the gang at the time 136 January/February 2001 • Whole No. 211 • PAPER MONEY Remembering the international branch of the SPMC tree By Peter Robin, #292 I have the honor to hold a low three-digit membership number because at the time of the founding of SPMC a sister organization had been in existence for a number of years, the Maryland Foreign Paper Money Club. We were invited to merge with the Society soon after its founding. As an officer of MFPMC, I was given a retroactive Charter Membership. The early issues of the SPMC Journal were much slim- mer than today, and there was little reason for the then Editor to use limited space for non-U.S. related stories or articles. Our little group (perhaps 50 people at the time) settled for occasional local meetings when they could be arranged, and many also joined the International Bank Note Society, which was established just a few months earlier in 1961. Much progress -- from the point of view of the interna- tional bunch -- has been made over the years. It is no longer a surprise to see an interesting and detailed article appear from time-to-time on some facet of the subject in Paper Money. The pictures are of a typical get-together at the Baltimore home of Alexander J. Sullivan. All but Mort Shafer (Neil Shafer's brother), Arthur Matz, and I have died since that day in 1967, but all are fondly remembered. Clockwise from top right: A.J. Sullivan, Peter Robin, and Richard Hauck; Howard Kramer, John Koerber and Arthur Matz; Mrs. A.B. (Ruth) Hill; Ted Grau at Sullivan's home, c. 1967. Congratulations SPMC By James N. Treadaway, #169 Forty years already?! Wow! I regret that I was never able to attend an SPMC meeting. I enjoy Paper Money and have kept all of the issues as well as the 25-year pin I received. This has been a great run, and I look forward to many more years as a member. Happy Anniversary SPMC By David M. Sundman, LM163 I may be a Life Member, but I'm only 52, so I'll defer to the members with more memories! But happy anniversary SPMC. VISIT MY WEB PAGE AT WWW.KYZIVATCURRENCY.COM FOR A GOOD SELECTION OF NOTES CONSERVATIVELY GRADED AND REASONABLY PRICED FOR THE COLLECTOR NATIONAL BANK NOTES LARGE SIZE TYPE SMALL SIZE TYPE STAR NOTES WEBS MISCELLANEOUS?? TIM KYZIVAT (708) 784-0974 tkitifl 1 PCDA, SPMC PAPER MONEY • January/February 2001 • Whole No. 211 137 r Congratulations SPMC Judith & Claud Murphy We Buy & Sell Paper Money, checks, bonds, stocks, letters, old postcards, stereoviews, cdv's If it's old and it's paper, we have it! Box 24056 Winston-Salem, NC 27114 336-699-3551 fax: 336-699-2359 e-mail: MurphAssoc@aol.com www.murphyenterprises.com WANTED: NATIONAL BANK NOTES Buying and Selling Nationals from all states. Price lists are not available. Please send your want list. Paying collector prices for better California notes! WILLIAM LITT P.O. BOX 1161 Fremont, California 94538 (510) 490-1751 Fax: 9510) 490-1753 E-mail: BillLittPaol.com Member SPMC, PCDA, ANA PROTECT YOUR INVESTMENT: STORE IT IN MYLARTm! Oregon Pioneer Albums & Sleeves SafeKeeper Albums Flexible Albums Fit in a Safe Deposit Box Least Expensive Format Multi-Ring Binders Look best on a bookshelf Many Sizes of MYLARTm Sleeves in Stock Custom Albums Also Available Complete Satisfaction Guaranteed Call, Fax, or Write Now OREGON PAPER MONEY EXCHANGE 6802 SW 33RD Pl. Portland, OR 97219 503-245-3659 Fax 503-244-2977 17N 4:011%1 t:I 138 January/ February 2001 • Whole No. 211 • PAPER MONEY Remembering 'Mr. In God We Trust': Matt Rothert By Fred L. Reed III, #4912 I first met "Mr. In God We Trust," Matt Rothert, in the mid-1960s at a coin show in Oklahoma City. It was probably at an Oklahoma Numismatic Association convention or maybe an Oklahoma-Kansas show. I "knew of Mr. Rothert from his Whitman black book, A Guide Book of United States Fractional Currency. Then as now I am an avid Civil War collector. His handbook was priced at only a dollar, right in a teenager's price range at the time, so my copy of his book was well read. This first meeting was more than 35 years ago, but since it was at my first large coin show after moving to Oklahoma from New York, it was very eventful and I made many memories. I'd already been a collector for a decade, belonged to local coin clubs, won auction lots in sales held by Art Kagin, Abe Kosoff, Lester Merkin, Ben's, Michael Kolman at Federal Brand and oth- ers. I had also become a charter member of the Civil War Token Society. I'd corre- sponded with Melvin and George Fuld and other luminaries. My early articles on Civil War numismatics had been published in The Blue and the Gray, the Journal of the Civil War Philatelic Society, and Li7171'S Weekly Stamp News. Although I was just a teenager, I thought I was pretty "big stuff' numismatically. I was not so big in reality, however: my parents had to drive me to the downtown hotel location, where they dropped me off for a day of exploration. I would take the bus home later in the clay. I had a job as a sacker at a local grocery store, so I had money in my pocket. I remember buying some Civil War tokens and a Confederate note, probably spending all of $8- $10 on my treasures. But there was more than a bourse to shows back in those days. I also remember viewing great exhibits, including several outstanding paper money displays. I believe Maurice Burgett had his Oklahoma notes there; and, Matt Rothert, his Arkansas currency. Also, I met Coin World Editor Margo Russell and, of course, Mr. Rothert at the show. Matt was prominent at the time, of course, because he had initiated and championed the cause which had culminated in the adoption of the phrase "In God We Trust" as our National Motto, and its placement on our paper money. The motto IGWT was big news at the time. Series 1963 notes had recently introduced IGWT to the larger denomina- tions ($5 and $10), but mostly I had experience with the $1 notes that were more in my price range. I got a Series 1957 Silver Certificate that had first sported the motto as a gift when I was about 10. I collected both varieties of 1935-G Silver Certificates, With Motto and Without Motto, from cir- culation. There was a lot of misunderstanding about the two types, and a lot of controversy, too. I can remember newspa- pers carried stories about the "atheist dollars," and some thought the No Motto notes were counterfeit to boot. They were not, of course, and I must confess, I preferred finding the rarer With Motto notes in circulation for obvious reasons. I was delighted to meet Mr. Rothert, who had written the Fractional Currency book and been instrumental in adding IGWT to our currency. Matt was Life member #219 of the ANA, and he had championed the cause of putting IGWT on our paper money in the March, 1954, issue of The Numismatist. When I met him a decade or so layer, he was in Oklahoma City in his official capacity as President of the American Numismatic Association. I believe I heard him speak on the adoption of the motto and its use on our paper money at the show that day. I spent a long, glorious day at the show. The upshot of my meeting Mrs. Russell and Mr. Rothert was that they both sponsored my application for Junior Membership in ANA, filling out the application right at the show. I can't remember if Margo grabbed Matt or vice versa to countersign the application, but at any rate I was awarded number J-55484, effective Sept. 1, 1965. After college, marriage, and military service, I returned to Oklahoma State University with the GI Bill, a lovely daughter, and a patient wife who had a job, for graduate study in history, philosophy and the humanities. In 1974 I was writing a gradu- ate history thesis on Civil War numismatics, so I corresponded with "my friend" Matt Rothert asking for his assistance. In the intervening decade, I'd let my ANA membership lapse, so in addition to graciously assisting me, Matt and his lovely wife Janet re-sponsored my ANA affiliation -- a thoroughly grown- up number 83330. Two months later Matt also sponsored my membership in the American Numismatic Society, to which I still proudly belong these many years later. My graduate history thesis on the Confederacy's re-circu- lation of counterfeit Federal currency as an act of war was a great success with my advisor Dr. LeRoy H. Fischer, the emi- nent Civil War historian. It has never been published, but readers of this magazine may see parts of it in the future. Another decade went by during which I'd spent six years at Coin World working for that same Margo Russell, but by then had moved on to Texas. At that time I was working on the Civil War Encased Stamp book, so I turned to my "friend," and Matt got me permission to use the H.K. Crofoot items in it. I got to examine them at the Smithsonian in 1986. I was also writing an article on the adoption of the motto [DINS, PAPER IA. , U.5. Ara, ,71al, Ima,tri NI: ror..17AM17 AY.AAIYA, YluAL ASSAY COMMISSIUN 1YA3 CYnali c Rothert, err. r PAPER MONEY • January/February 2001 • Whole No. 211 139 "In God We Trust" on our coins and currency. Once again I turned to Matt. By then, Rothert had become a revered elder statesman of numismatics. He had won the Robert Friedberg Award. He had won the Farran Zerbe Award. He had been Chairman of a U.S. Assay Commission. Rocky Rockholt had purchased his Fractional Currency collection, and Bowers and Ruddy had sold his U.S. and foreign coins and paper money for record prices. As SPMC members know, Matt was also a great friend to our Society. SPMC Charter member #166, he served several years as Governor of this Society. He authored our Arkansas Wismer book, won the Nathan Gold Memorial Award and the SPMC Award of Merit. One of his last published pieces was for this very magazine, Paper Move)', in which he described finding an Arkansas note which bore the spiritual motto which had become his per- sonal credo. I talked with him as a friend, and interviewed him as a reporter. We also cor- responded at length about the process and his involve- ment in it. It had been dur- ing the Cold War when his campaign began. Americans were travel- ling widely abroad and car- ried our paper currency, but not necessarily our coins, across the globe where it was universally accepted. A devout man and a lifelong Gideon, Rothert personally trusted in God, and felt our notes should carry the same spiri- tual affirmation of faith as our coins throughout the world, too. He furnished me his original letters and corre- spondence from various officials during the time he had waged the campaign to have IGWT placed on our currency. This included correspondence with Arkansas Senator J.William Fulbright, Chairman of the Senate Committee on Banking and Currency; Senator Absalom Willis Robertson, banking com- mittee member and father of more recent Presidential aspirant Pat Robertson; and Secretary of the Treasury George W. Humphrey. He also shared with me the original bill "To Provide that all United States Currency shall hear the inscrip- tion 'In God We Trust.'" As many in this audience know, Matt had a prodigious correspondence as an ambassador for our hobby, and his per- sonal stationery bore his letterhead reading: "Matt Rothert, Sr. 'In God We Trust"' above his Camden, Arkansas, address and telephone number. In one letter he wrote me, Matt noted that one of his favorite poems was William Cullen Bryant's "To a Waterfowl." Mr. Rothert told me he often prayed a quatrain in Bryant's own words: "He who, from zone to zone, Guides thru the boundless sky thy certain flight, In the long way that I must tread alone, Will lead my steps aright." Talk about one man making a difference. The 84th Congress passed the law, approved by President Eisenhower on July 11, 1955, ordering "In God We Trust" to appear on all the coins and currency of the United States. The mea- sure was so popular with the public that Congress passed a joint resolution a year later making this spiritual aphorism our National Motto by law. Congress declared: "Be it enacted by the Senate and House of Representatives of the United States of America in Congress Assembled, That at such time as new dies for the printing of currency are adopt- ed in connection with the cur- rent program of the Treasury Department to increase the capacity of presses utilized by the Bureau of Engraving and Printing, the dies shall bear, at such place or places thereon as the Secretary of the Treasury may determine to be appropri- ate, the inscription 'In God We Trust,' and thereafter this inscription shall appear on all United States currency and coins." The Coinage Act of 1965 embodied this sentiment, although the motto was already on our circulating coins, of course. When I wrote my arti- cle on Matt in August, 1982, I calculated that the motto "In God We Trust" that Rothert had championed had by then appeared on 62 billion pieces of U.S. paper money, circulated in the 25 years since its intro- duction October 1, 1957! How many more notes have spread that message around the globe since then, I'll leave to the readers to determine. Rothert's personal conviction for trusting in God had become a national standard proclaimed throughout the world. I was proud to have known this man. My article on him proved a great success. It helped launch a business newsletter that shortly won a national publishing award. I certainly gained insights into the inner workings of this wonderful gen- tleman, Matt Rothert, in collaborating with him on it. In one of his letters to me dated March 11, 1982, Matt put down on 140 January/February 2001 • Whole No. 211 • PAPER MONEY paper his own recollections of those momentous events more than a quarter century earlier which had altered the designs of all our paper money. Matt has since passed on, having left his indelible legacy on the notes we collect and on those of us who collect them, but I'm sure he wouldn't mind me sharing his reflections from that letter with the membership at this time: How I was inspired to seek to put the motto `In God We Trust' on our nation's currency By Matt Rothert, Sr., #166 The initial inspiration came to me on Sunday, June 21, 1953, while attending church in Chicago. I was there for the June furniture market. As I placed a bill in the collection plate it occurred to me that the coins in that plate had "In God We Trust" on them, but the bills did not. How many more bills are used now than coins, the oppo- site of 1864 when the motto was placed on coins. The wide distribution of our paper money, at home, and especially abroad made it one item that could pierce the Iron Curtain, and carry our message of faith everywhere in the world. The Lord put these thoughts in my heart and gave me the determination to see them through to completion, even though ow health was not the best. As always when we mast in God, he gives us the strength to carry on. My first speech on this idea was given before the Arkansas Numismatic Society, of which I was President, I spoke on November 1, 1953, and a resolution was passed there. I wrote my friend (from days together at meet- ings of the National Association of Manufactur- ers), Mr. Sinclair Weeks, who became Secretary of Com- merce, and also Secretary of the Treasury Humphrey, and President Eisenhower. Secretary Humphrey, after long consideration, said he could not put this maxim on our bills, as Secretary Chase had done on our coins 90 years earlier, without a law being passed through both houses of Congress. This made my heart sink! At the annual convention of the American Numismatic Association in Cleveland in August 1954, this large body passed a resolution to this effect. I contacted my good friends, Senator J. William Fulbright, and Senator John McClellan, both of Arkansas, and my Congressman Oren Harris, and set the wheels in motion. Very providentially my friend Senator Fulbright was made chairman of the Senate Banking and Currency Committee, before which this bill would come. I had Senator Fulbright introduce this bill in the Senate, and Congressman Oren Harris introduce it in the House. I found out later that Congressman Charles Bennett of Florida had put in a similar bill before Harris, but no one had put one in the Senate except Fulbright. In the meantime I had written about 1,000 letters, many while convalescing from illness, to organizations, groups, etc., including the American Legion, Veterans of Foreign Wars, Rotary and all other service clubs, and individuals, all at my own expense. Many of my friends obtained additional publici- ty. In 1955 the bill had passed the House, but was not on the floor of the Senate as the session was about to end! Senator Fulbright told me that Senator Mike Monroney of Oldahoma was the chairman of the sub-committee that must get this bill on the floor. So I called my friend Mike Monroney. He had operated a furniture store in Oldahoma City, and I had often called on him as President of the Camden Furniture Company. He promised he would get the bill out before the end of the session. On the last day it came out and passed unani- mously. Several Senators tried to add amendments, but they were voted down. Senator Fulbright wired me the great news. This wire was forwarded to me in Chicago, where I was again attending the Furniture Market, just two years after the God-given inspiration. Much later I found out that Congressman Bennett's bill was introduced in Congress before Oren Harris' bill was put in, so it was Bennett's bill that was actually passed since under the usual procedures of Congress the first bill introduced on the same subject was given priori- ty. It may be that Judge Carroll, President of the Florida Bar Association, who gave the idea to Bennett and also was very high in American Legion leadership, may have had his inspiration from Legion channels which I solicited. A recent magazine article by a news correspondent in Afghanistan, talking to some rebel soldiers, asked them what they thought of the United States. They replied that they respect our nation because "In God We Trust" is on our coins and paper money. This motto is seen by many in Communist, non-communist and large and small countries all over the world every day. I have made many talks on this subject, and I point out that I have had operations for a bursting appendicitis, for ton- sillitis, gall bladder, open heart surgery with four bypasses, after three heart attacks, and cancer of the prostate cured by cobalt treatment, have four wonderful children, all happily married, and so my personal motto is: "IN GOD WE TRUST." Matt Rothert, Sr. 'Mr. In God We Trust' • PAPER MONEY • January/February 2001 • Whole No. 211 141 Den! y's of Boston Salut es the Great Fishermen 0 f the World Especially Tom Den' 142 January/February 2001 • Whole No. 211 • PAPER MONEY SPMC helped him starting out, and other remembrances By Harry Jones, #23 50 The thing I remember most about the "Old Days" is eagerly awaiting each month's publication of new members in Paper Money. The picture of me is from an error note cata- log that I put out in 1976. I got many of my first-time error customers from SPMC's "New Members" list. When first started dealing in error currency around 1967, I had very few contacts to offer notes to so SPMC was very helpful in that respect. By Bruno Rzepka, #1672 I joined SPMC in 1965. My mentors were Glenn Smedley and Jim Grebinger. In 1966 ANA was meeting in Chicago, and Glenn (who was SPMC President) was busy with ANA business so he asked me if I would handle the SPMC lunch. I was flattered and honored with his request. I pro- ceeded to make arrangements for the printing with the help of Lou Goldstein, who worked as a printer. Lou printed posters, stationery, and tickets for the lunch at no cost to SPMC. In the 1980s, I also helped Wendell Wolka sort out bent souvenir cards sent to us by ABNCo for the Memphis Paper Money Show. Being an error collector, I bought many nice notes, including Albert A. Grinnell's "favorite" error note, a Series 1899 $1 Silver Certificate with the title printed "Treasurer of the United State." This engraving error was thoroughly authenticated by the Secret Service. It was owned by Colonel Green before Grinnell, and both Frank Limpert and William Philpott wrote about it. One of the best things I could have done was to join SPMC. Happy anniversary! By John A. Parker, LM128 One of my favorite persons to talk to at Memphis was the late John Hickman. One time, I bought a California bank charter from a bank note collector in south Georgia. The bank charter was from Wilmington, CA, so I proceeded to look for a bank note from that bank. I spoke with Don Kelly, and he told me that I would be lucky to locate a note on that bank, and then I probably could not afford it. But Don sug- gested I speak to "the Expert" on Nationals Mr. John Hickman. I waited my turn to speak with Mr. Hickman. When I showed him the bank charter, John was pleased to see it and told me a lot about bank charters in general. He also told me that he knew an individual who had all seven of the known notes accounted for in the current census on that bank. Another of my favorite persons to look up at Memphis was Big Jim Thompson. At one of the shows, Big Jim was in the process of selling his currency collection. Big Jim came over to our table and pulled out his old ratty briefcase. He proceeded to show us several triple signature notes, that were the creme de hr creme that the most sophisticated paper money collectors could desire. He held six notes in his hand, and said "Boys take one last look at these notes. I am about to sell these six notes for six figures to some new collector, who has some fresh money to put into our great hobby." Later that evening, we had dinner with Big Jim at the Butcher Shop. He picked up the tab that evening for our party of six. He had been successful in his deal that afternoon and was very happy to have it done. By Robert C. Wagner, #9458 My first numismatic effort was a Lincoln cent collection I traded in 1941 for a 50-cent Boy Scout knife. Moving forward to 1955, as a young engineer I received a Series 1929 $10 FRBN when I cashed my paycheck at a local bank. It looked different, so I saved it. About 10 years later that bill came up in a conversation with Bob Waite at Peebles Jewelers. His father-in-law (the Mr. Peebles) overheard us talking and said he had some Gold Certificates, but they were "illegal." However, he sold me a $10 Series 1928 $10 Gold Certificate for $5. My first paper money purchase! About the same time my doctor, Bill Browning, gave me a Christmas present, a small box containing half dimes, three- cent silvers, and three-cent nickels. That got me re-interested in coins so I joined the local coin club. The monthly coin club meetings gave me a chance to learn more about my fledgling hobby, talk with other collectors, and see examples from other people's treasures. One of the members was Ken Clayton, the retired President of the County National Bank of Bennington, VT, absorbed by the Vermont National Bank. I would occasional- ly buy a coin from him, but one evening lie asked if I collected currency. He expressed an interest in seeing my vast collec- tion of currency (two pieces, earlier described), so I brought them to the next meeting. After examining them, lie produced three National Bank Notes: a $5 County NB (Bennington) F-606, a $10 First NB (Bennington) F-624, and a $20 First NB (North Bennington) F-650. Boy, were they something to behold! My first look at large size National Bank Notes, all about XF, and all local. He asked me if I'd like to own them, and my legs got all shaky at the prospect. The price for all three (this was 1975): $40! Wow! Later he offered a small size $10 on the First NB signed by Luther R. Graves as President, a man I knew. The idea of owning a piece of real money signed by a neighbor was just thrilling. Those Vermont notes are what really got me going on paper money. Regular issue U.S. currency is the foundation of my efforts, but my focus is on Nationals and obsolete notes of the Green Mountain State. I have about 130 of them, plus Colonial notes before July 4, 1776. Since joining SPMC about three years ago, I have been reading every word I can. It's a great way to stay out of trou- ble and I love to talk about Vermont notes. SECTIMI.11111707EDSTATE,BONO9DEPOSITEDWITIUTITETIOLASEMBROV 011SY LINE bEPOSIT THE FEDERAL RESERVE BANK OF PHILADELPHIA PENNSYLVANIA WILL PAY TOTH E BEARER ON DEMAND 'MENAI' D4 1A „SRS Or OTHER SECURITIES c C00000051 A 1 A C 07.741111111.14MIT1211171101r IRO WAsiii":01024,11.0. slams OP 1.3.• wvaicau WILD ILIUM .12.1116.,11. ;‘,1,NMIZZ- `,1.17.77.":e117. PAPER MONEY • lanuary/February 2001 • Whole No. 211 143 The Big Spender By Peter Huntoon, #662 There are benchmark events in a collector's life. For me, spending "serious" money was the threshold to pass. My idea of "serious" was spending $100 or more for a note! I began collecting currency seriously in 1963, stimulated by the advent of the $1 Federal Reserve Notes. I trolled the local banks in Tucson, my hometown, and started to assemble an interesting type set of small notes. Tucson was fertile ground because the Dallas Federal Reserve Bank dumped Blue Seal and Red Seal notes there. Tucson is on the western edge of the Dallas district. Occasionally I would land a large note from a dealer, but spending much over face was not my style, because I was an undergraduate college student at the time, and my pockets were not deep. High prices -- more than $10 over face -- seemed like a great hurdle because I simply did not feel particularly committed to this paper money collecting. I remember being highly enamored of the possibility of get- ting a low serial num- ber on a small size note, because I remembered vividly seeing a single digit note someone had pulled from circulation and donated to the Chase Manhattan Bank Money Museum in New York City. That memory dated from when I was a boy in West Orange, NJ, and my family had taken me to the money muse- um. The idea that all those hands were indifferent to that note -- with all its zeros as it circulated down to a grade of VG or so -- really impressed me. I also was looking avidly for an error. I believed errors were extremely rare, and it would be a great feat to own one. As my bank contacts increased in Tucson, I quickly dis- covered that the Large Seal varieties on the early small notes were still in circulation, and I started going after different sig- natures on them in the $5s. A big break came for me one clay in 1964, when I was visiting Nogales, Arizona, the border town 65 miles south of Tucson. I decided to try my luck at the local branch of the Valley National Bank. A patient and gracious woman teller leafed through all her $5s as I looked for Large Seal notes. Of all the things she produced, out came a $5 1929 on the Philadelphia Federal Reserve Bank, CO2495654A, in About Fine. The strange thin border and overprint on the face blanking out one of the signatures had the feel of something provisional, and I was thrilled. Until then, I had never seen a 1929 $5. A very short time later in 1964, a teller at a bank on North Campbell Avenue in Tucson, just around the corner from where I lived, gave me at face my first National Bank Note. It was a $20 on the First Wayne National Bank of Detroit, Michigan (10527), and carried serial B009144A. This also graded About Fine. I was hooked; my addiction was get- ting serious. It only would be a matter of time before I spent some real money on a note. By now, I had developed friendships with a couple of coin dealers in Tucson, both of whom were and still are mentors, namely Chuck Lees and Hal Birt. They steered me to Coin World and the 4th edition of the Friedberg catalog. I wore the Friedberg catalog to a frazzle. I started to spend a little money with each of them, but the stuff I bought was sold at a nominal percentage over face, so I was never in too deep. I started to contact dealers in other states, and began to build my network of small size paper money contacts across the country. Sometime in 1965, I was turning the pages of COill World and spotted a William A. Philpott, Jr. ad. By this time, I knew who Philpott was. His reputation for having everything, including high level contacts with access to rare and low serial number notes was the thing of legend. His ad sported 1929 Federal Reserve Bank Notes, my greatest weakness, and that ad was rife with low numbers. I just dug it out for the first time in decades to help write this article, and was astonished to see that the first listing was a $5 Boston #1 Star Note @ $75. Other single digit notes included $10 Cleveland #3 @ $60, $10 Cleveland #9 @ $55, $5 Richmond #2 @ $100, $10 Richmond #3 @ $75, $20 Richmond #3 @ $75, $5 Dallas #8 at $75, and $10 Dallas #2 @ $85. Big money, so I had to pass on sending in an order. 144 January/February 2001 • Whole No. 211 • PAPER MONEY Then I got to thinking. If Philpott had all that rare 1929 stuff, he certainly had lots of common 1928 and 1934 Feds, and I needed nice copies for my buckling type set. I thought about it for some time, and screwed up my courage. I sent him a check for a full $200 with the simple request that he send me a selection of single digit $5 Feds; any digit would do. I figured I should get four to six notes with that offer. In a short time, an eagerly anticipated registered letter arrived! It arrived before there had been enough time for my check to clear. I opened it with great excitement, but was brought up short to find only two notes, and both $20s at that! Hey, I was reaching to collect $5s. These $20s were out of my league, and the couple that I had were obtained at face, or darn close to it, and I could always spend them. Even so, I did a double take at these $2Os. One was from his 1929 FRBN ad, a CU $20 on the Federal Reserve Bank of Philadelphia, serial #51, marked at $65. The other was CU $20 1934 FRN K00000001* at $135. One hun- dred thirty five bucks! No way, that was simply out of reach! You know what I did? I worried about that package for a day or two, and finally decided to call Mr. Philpott to see if he would take these elephants back in trade for some low number 1928 or 1934 FRN $.5s. I knew he had plenty of them! I actually did make that phone call, but my luck was such that the person who finally answered turned out to be his housekeeper. She didn't know what I was talking about, and suggested I write because Mr. Phil was really a busy man. I hung up and looked at the two $20s. Yah, I looked at them like you look at your notes -- a long time, turning them over and over, worrying, soaking up every detail of the most minute design feature, thinking, turning them over and over. Pretty soon the #1 started to make an impression. By about midnight that evening, I was thinking maybe I should take a chance on this deal even though $20s really didn't fit in with my other stuff. At least I had the Detroit $20 to go with these new $20s. Well, I never did call Mr. Phil back, and I never did return his high-priced notes. I told Hickman and Waters this story several years later, late one evening as we swapped tales and notes in Waters' basement. Hickman roared with laughter. He bellowed that it was totally fitting that it was Philpott who wrangled the first big bite out of me! Hickman, the consummate salesmen, loved Philpott because he loved his energy, his style, his panache. By that time, I was beginning to enjoy the irony of it myself. The fact is, I still have both those notes. However, the $5 Philadelphia, and $20 Detroit long ago left the stable. In fact, I sold the Detroit for $22 to a guy named Robert E. Lee on December 9, 1967, and I didn't make that name up. + Longs to make it to Memphis By Ralph Osborn, #27 I have had much pleasure from my years in SPMC, and I love our wonderful magazine. It is really super. My mother started me collecting coins when I was a little boy. I really got going when I sold newspapers at about age 10. This was around 1925, and I got some good ones in my collections from the papers. I recall that one family gave me a 1909 VDB Uncirculated. I loved them! About 1947, I was in Joske's big department store in San Antonio, and they had a big $1 bill, FR237, I think. So I was hooked. Later I was buying sonic early Texas notes from Hank Bieciuk. He enclosed an application for a new paper money club. I promptly sent him $3, I think, so I have the great #27, which I am very proud of. Now I give the big ones to my grandchildren and only collect National Bank Notes. I am still looking for a Raymondville $5 note. So, thanks SPMC for all the years of fun. I hope some day to get to Memphis. #13 was lucky for Harry By Harry J. Forman, #13 My first ANA Convention was in 1956 at Chicago. I haven't missed any since then. While in the late Ray Yablon's shop, a young man about 18-years-old came in. Ray whis- pered to me "That young man is the top paper money dealer in the country." I was impressed. I was 38 at the time and this 18-year-old kid was "Top Alan." Quickly we became friends, and I recall lie made himself my partner when I was buying 1955 Double Die cents at FUN in 1958. By the way, I was paying $8 for each coin. I believe we bought 100 pieces at that price. The same gentleman approached me in 1961 to join a new organization, SPMC. If you haven't guessed by now that gentleman is longtime friend John Rowe III of Dallas, TX. That's how I became Charter Member #13, which I sus- pect is a lucky number for me. The photo above is from about that time. That's me on the left, former SPMC member Ben Levin in the middle, and his son Dr. Ron Levin, MD at right. PAPER MONEY • January/February 2001 • Whole No. 211 145 Harlan J. B er k, Ltd "The Art & Science of Numismatics" 31 N. Clark Street Chicago, IL 60602 312/609-0016 • Fax: 312/609-1305 www.harlanjberk.com e-mail: info@harlanjberk.com Dennis Forgue, Store Manager SPMC #1096 A Full-Service Numismatic Firm Your Headquarters for all Your Collecting Needs PNG IAPN ANA ANS NLG PCDA SPMC Dewitt and Mrs. Prather 146 January/February 2001 • Whole No. 211 • PAPER MONEY Dealers With Whom I Have Dealt By Dewitt G. Prather, #862 Living in the little town of Waynesboro, PA (population 11,000), for 19 years, one Sunday in May, 1944, my next door neighbor, who was a cashier at one of the two banks in town, brought his gold coins home from the bank. He invited me over, and we sat at his dining room table from 2-6 o'clock for four hours. I was bit by the "bug" so I started collecting coins, half cents through dollars. In 1950 I started collecting old, large size U.S. paper money. My paper money collecting covered a period of 25 years from 1950 to 1975. By 1965 I had in nice condition $1, $2, $5, $10, $20, $50 and $100 in Legal Tenders, Silver Certificates, Coin Notes, Gold Certificates, Federal Reserve Notes and Federal Reserve Bank Notes, and a few Interest Bearing Notes. Since I could not afford to keep all these, I sold them to Lew Werner, a dealer on Broadway in New York. I decided on the National Bank Notes, First Charter and Series of 1882 Second Charter "A" or Brown Backs. These two series were the only notes to show the state or ter- ritorial seals on their backs. So then I was able to work on collecting a First and a Second Charter note of each state. Most collectors of National Bank Notes collect only notes of their states, and I can't fault them for that. But I think my way is more cosmopolitan. I was born in Georgia, raised or grew up in Charlotte, NC, lived in Pennsylvania almost 22 years, then moved back to Charlotte, NC on Dec. 24, 1955. So, being more cosmopolitan, I decided to collect all states. What really made the decision to collect the early Nationals was the state seals on the back side, at the left end in an elliptical (upright) oval. That was the beginning of the book I wrote. But, the real object of this treatise is to tell you of the many dealers with whom I dealt. In my book United States National Bank Notes and Their Seals, I name the source from whom I bought each note. Aside from a few local friends or collectors, the earliest dealer was Abe Kosoff, who first had a location in New York and later moved to California. He called his business the Numismatic Gallery. His first catalog sale was not very suc- cessful. The next sale, he lowered the grade of each of his items to sell them. Earlier Grinnell, a New York banker, formed a great col- lection. B. Max Mehl from Texas had a big business national- ly advertising for the 1913 Liberty Head nickel. This got peo- ple looking at their change. The last two I never met person- ally, but most of the rest I did. After Abe Kosoff, there were the two Kagins, Paul and Art, and Dr. Frank Alvin Limpert DDS. He issued a grey loose-leaf binder called United States National Bank Notes First and Second Charter Period. I have his catalog and several of his notes. William Philpott invited my wife and I to his club for dinner one evening then had a taxi to drive the three of us to Dealey Plaza where JFK was killed. He also took me up in a 50-story bank building in Dallas to the observation deck. He pointed in one direction and said that in nice weather he often walked the five miles to town from where he lived with a sister since his wife's death. From John Hickman and later his partner Dean Oakes, I purchased several rarities from their auctions. I've bought from all the famous dealers, including Aubrey Bebee, William Donlon, Stack's, Lyn Knight, and earlier French's, Federal Coin Exchange, Morey Perlmutter, New Netherlands, Abner Kreisberg, Bob Medlar, William Anton Jr., Hollinbeck-Kagin, Hickman and Waters, Overton Coin Co. and all the rest. I bought notes from the B. Max Mehl estate, from the Friedberg collection, and from Dr. Conway Bolt. Of course, Stack's sold his huge gold col- lection. They say Dr. Bolt delivered more babies in Union County, NC, than any other doctor. Amon Carter gave me a $5 First Charter on Boulder, CO, for face value -- five dol- lars! When I think about all these people and the rarities that have passed through my hands, I am simply amazed. It's unbeliev- able! But since I wasn't "born with a gold spoon in my mouth," I had to sell some to buy others. In 1974 my wife and I were signed up to go to Hawaii so I called Dennis Forgue of RARCOA and asked if it was absolutely necessary for me to attend their auction. He said to tell him my absolute amount I would go for the note I wanted. So he bought it for me. It was the very rare note pictured on page 146 of my book on the First National Bank of Idaho, Boise City, Idaho Territory. I also owned notes that were unique, but I never found a Mississippi First Charter note, so that spot is blank. We went to the three towns that issued them: Vicksburg with only $57.50 outstanding in 1910 on the U.S. Treasury books; Jackson, the capital, with $125 outstanding in 1910; and the third bank in the little town of Columbus. That bank had $2,200 outstanding in 1910. It issued $50s and $100s only. These had to be lost, burned, buried, destroyed by rats or floods, or in old mattresses thrown away. I sure would like to find one! PAPER MONEY • January/February 2001 • Whole No. 211 147 Longtime SPMC members share their recollections By Joe Lasser, #4043, LM23 My life changed permanently more than 30 years ago when I bought a $5 Continental Currency note to pay my lawyer for a poorly drafted contract because the contract "was- n't worth a Continental." I was brought into the world of Dick Picker, Eric Newman, Bob Vlack, John Ford, et al., collectors and researchers with extraordinary reservoirs of knowledge, not only of numismatics but, unquestionably equally important, history. Dick Picker gave me a cram course in American Colonial paper money and maxims such as "know what you're buying," i.e. what is the history behind the piece; don't simply look at it as an isolated and separate object. And Dick had another gem: "Buy only what you can afford." That certainly led me down the garden path. However, for me and for the Colonial paper money col- lecting fraternity as a whole, Eric Newman has been the cru- cial positive force providing the basic comprehension and spe- cific knowledge that has guided all our collecting efforts. His initial Early Paper Money of America created our world, and he's continued to lead it with revisions, articles, monographs and lectures of exceptional scholarship. Viewed as a research achievement Early Paper Money's breadth, depth, and accuracy is almost unbelievable. Not sur- prisingly, always the perfectionist, Eric has continued to add progressively not only to its span, but also characteristically he has continually refined its details. We are all permanently indebted to this benevolent giant. No celebratory anniversary of paper money activities would be complete without an acknowledgement of his contributions and accomplishments. Asper Ad Astra. • By Howard Schein, #911 For me it started 50 years ago with a box of large size paper money left on the sales counter at Stack's. These notes were priced at 3-6 times face and had such interesting vignettes of Indians, Buffalo, a Pioneer Family, and people associated with our history in war and peace. I become hooked. Ted Kemm, a currency dealer, and the Rev. Frank Hutchins, a dedicated collector, were both neighbors. It was not long before the Reverend asked me to join a new society for paper money collectors. I remember the Reverend's search for "Mules," and his pride in having a Star 1928E Silver Certificate, although not Uncirculated. I though at that time it would not be long before I would have one in Unc., but that never happened. Recently while discarding some 50-year-old papers, I found an invoice from New Netherlands Coin Co. for a 1928 $5 U.S. Note Unc. at $10 and a 1928B $2 note in Unc. at $4. The $5 note lists for $30 and the $2 note now at $650. I also remember Bill Donlon, a grand old man, display- ing his uncut sheets of currency on a wire line clipped with clothes pins. By Robert L. Hendershott, HLM1 I am almost 102 years old, and I have been a coin collec- tor since 1910. I've been about 50 years in paper money in a specialized way. I have known many collectors and dealers that special- ized in this area. This is a wonderful hobby. So many nice people. I wish SPMC well recalling the "Good Old Days." By Milton R. Friedberg, #1370 I am one of those characters who hate to reminisce because those who do are always accused of simply showing their age! However, it is pleasant to reflect on the growth of our hobby. My primary numismatic interest has been in U.S. Fractional Currency. When we first tried to form The Fractional Currency Collector's Board during an early Memphis Paper Money Show, we couldn't find enough true collectors to fund the club! Through the participation of the few dealers in our "odd" interest, we were able to obtain 25 Charter Members in our second year at the Memphis show. FCCB now has 185 mem- bers! As a member and past Governor of SPMC, and as one of the Charter Members of FCCB, my happiest memories are simply of the people I have met, those who passed in the night and those who stayed around and became Friends. My hope for the future is simply to enjoy more of the same! By Warren S. Henderson, #77 It is my belief that the "seeds of the SPMC" were planted at the ANA show in Boston when a small group of us got talk- ing one night about the need for a specialized organization for paper money enthusiasts. There were six or seven of us, and I remember Hank Bieciuk and Grover Criswell were two of them. I was there also, as was Glenn Smedley (not known as a great aficionado of currency, but there none-the-less). Hank was probably the only full-time obsolete currency dealer there was in those days, and he agreed to help set up something at the next ANA in Atlanta. Blaise Dantone was kind enough to have us at his beauti- ful home in suburban Atlanta and our organization became a reality when Bylaws, etc., were set up. Hank was elected first President. I became a lowly Director, and the rest is history. I'm sony not to recall many more details, but I'll bet oth- ers will. My remarks should be put in context by remember- ing that they are the thoughts of a 72-year-old of events nearly 40 years ago. Those are far distant days, but pleasant memo- ries still. Thanks for caring enough to do a special edition. And best of luck to all SPMC members everywhere. Iowa check collectors meet in Boone, c. 1971, at the Mid- Iowa Coin-A-Rama. Front 1.-R, John T. Hickman, Donald J. Anderson, Wilbur Balmos, Arlin "Ted" Zingg. Middle row L-R Fred Bolhuis, June Budd. Back row L-R Charles Cox, Gene Morris, Larry Adams. 148 January/February 2001 • Whole No. 211 • PAPER MONEY Some Reflections on SPMC and Paper Money Collecting By Larry Adams, #2278 My interest in collecting didn't start with paper money. I started collecting stamps in 1955, then shifted to coins in 1960 when I was carrying newspapers. I also had some interest in local trade tokens and medals. In 1963 I joined a coin club in Beane, Iowa, which started that year. Other clubs were active in Ames and Des Moines, and I sometimes attended these meetings as well. In the mid-1960s my interest in paper money, checks, and related items began. In 1964 I met John T. Hickman who had a table at a small coin show in Des Moines -- with his paper money, checks, and bank items -- and that started a friendship which lasted more than 30 years, until his passing in 1995. I joined ANA in 1965, and remember a very memorable trip to the 1966 ANA Convention in Chicago -- my first ANA show. John T. Hickman and Lowell Owen drove, and I went, along with Don Mark, who is still active in the hobby today. I will never forget the lively discussions we had on the way there and back. . .you can bet Don and I never fell asleep! John's enthusiasm sparked my continued interest in paper money, checks, banking, and check protectors. In 1967 I joined SPMC (#2278). 1 was going to business school in Omaha at the time, and had collected a few Boone Nationals and some other currency, which I took to my money and banking class. I remember the class and instructor were very impressed, and I got an "A" in the course. In 1975 I got a phone call out of the blue from Forrest Daniel from North Dakota, who I'd met at a pre- vious ANA (I also had attend- ed the 1970 ANA show in St. Louis). He asked if I wanted to serve on the SPMC Board, and he talked me into it. I got elected and took office the next year. He served on the Awards Committee and wanted some help with that, and I agreed. After that, President Bob Medlar asked me to chair the Awards Committee. Soon I also accepted the job of pub- licity director and was doing news releases, and working with the numismatic press, especially after events where awards were presented, but also to promote other events, meetings, new books, souvenir cards, etc. I attended the 1976 ANA meeting in New York, where I attended my first SPMC board meeting. Mike Crahb had also joined the SPMC board and plans were underway for the first Memphis paper money show. I continued as chairman of the Awards Commitee, and was also put in charge of regional meetings. This also involved finding speakers for major SPMC events, such as ANA and Memphis. Eventually I was elected Vice-President, and served under Wendell Wolka, who helped in many ways showing me the ropes. I was elected President of SPMC in 1983 and served in that capacity until 1986. During my tenure as SPMC President, we hired a new editor of Paper Money, Gene Hessler, who served until recent- ly, started a life membership program, published books on the obsolete currency of Alabama, Arkansas, and Pennsylvania, celebrated the 25th anniversary of the Society in 1986 and honored charter members, sponsored a paper money show in Cherry Hill, NJ, continued and then stopped the SPMC sou- venir card program, revised the SPMC By-Laws, and increased the SPMC dues, which had remained the same for many years. During that time I attended many of the Memphis shows, and recall going to ANA conventions in Cincinnati, San Diego, and Detroit. SPMC had tables at Memphis and ANA, and I can recall we kept busy selling new and renewal mem- berships, banquet and/or breakfast tickets, SPMC books, sou- venir cards, and generally promoted the Society. Barbara Mueller was Editor of Paper Money for many years, then Doug Watson took it over for a couple of years, then Barbara took it back and stayed on until Gene Hessler was hired shortly after I became President. I remember working with Fred Reed, our present Editor, back in the 1970s and 1980s, when he worked for Coin World, and covered many of the SPMC meetings and events. In 1969 I helped co-found Check Collectors Round Table (CCRT) with Robert Flaig and Jack Weaver. I served as Membership Secretary of the group for 10 years until just before I took over the reins as President of SPMC. CCRT continues today as the American Society of Check Collectors. Paper Money often car- ries our ads, and if you are interest- ed join us. You'll like it. In 1980 I became Curator of the Mamie Doud Eisenhower Birthplace Museum and Library in Boone, an historical house museum honoring first lady Mamie Doud Eisenhower. Exhibits include some numismatic and philatelic items, and campaign and inaugural mater- ial. Recent new temporary exhibits have been added about the U.S. Secret Service and the U.S. Savings Bonds program. As a result of my schedule at the museum, I haven't been to as many of the paper money shows, which I dearly miss. I did manage to attend the 2000 Memphis show, and plan to return as often as I can. Numismatics and related collecting has enriched my life in many ways, and I will always cherish the many friendships I have made through the years as a result of my involvement in it. PAPER MONEY • January/February 2001 • Whole No. 211 149 RECORDS, LIKE CURRENCY, COME IN THREE SIZES Record price paid for a Large Size Note: $935,000* SOLD by CAA in our January, 2000 AUCTION *Fr. 1218d 1882 Gold Certificate Record price paid for a Small Size Note: $126,500* SOLD BY CAA in our May, 1998 AUCTION *Fr. 2230-E $10,000 1928 Federal Reserve Note Record price paid for a piece of Fractional Currency: $39,600* SOLD BY CAA in our January, 1997 AUCTION *Fr. 1255a 10c Third Issue One Company - All Three Records! Sell your currency where records are being set! CURRENCY AUCTIONS OF AMERICA, INC. Allen Mincho P.O. Box 700 Spicewood, TX 78669 (830) 693-7590 FAX (830) 693-1283 Leonard Glazer P.O. Box 111 Forest Hills, NY 11375 (718) 268-3221 150 January/February 2001 • Whole No. 211 • PAPER MONEY The Early Days of SPMC By Forrest W. Daniel, #121 When I began to collect paper money in the early 1950s in the Chicago area, I knew no other collectors of bank notes. That condition lasted many years. While living in New Mexico, I had two articles related to paper money pub- lished in The Numismatist, my first writing. I learned of the National Currency and Bond Registers in the National Archives; that resulted in an article about National Currency notes of New Mexico and Arizona issued from 1912 to 1916. The story was submitted to The Numismatist. It was not accepted for publication, but was listed as a "convention paper" in 1961. The organizational meeting of the Society of Paper Money Collectors was held at the annual convention of the American Numismatic Association in 1961. The meeting was reported in Coin World. A later issue of that publication said charter membership would close in December. It was an opportunity for me to join other bank note collectors. I sent in my dues and received membership No. 121. The article not published by the ANA was submitted to Paper Money, and it appeared in the seventh issue, Summer, 1963. The following year I timed my departure from employment in Connecticut in order to attend the SPMC meeting at the ANA Convention in Cleveland on my way to North Dakota. The SPMC Secretary reported membership in the Society had nearly doubled in the past year, to 740. More than one hundred members were present at the dinner meet- ing. The Society was really on solid ground. The first literary awards, two gold coins donated by member Ben Douglas, were presented that year. I'd been caught in a downpour of rain outside the hotel, and probably looked like a drowned rat when I accepted that First Literary Award. I was unknown to many of the members for many years; only a name, among others, who wrote articles for Paper Money. I'm sure that is still the case with most of our mem- bers. It was nearly 10 years before I became acquainted with the officers and members who attended the annual meetings. I continued to write for Paper Money, and in 1970 was chosen to serve on the Board of Governors. During my six years on the Board, a set of guidelines for judging the various awards was approved and the official Society emblem was adopted. In 1974 Paper Money changed from quarterly to bi- monthly publication and Editor Barbara Mueller called for a convention specifically for paper money collectors apart from the annual meeting of the ANA. In the next two years an informal committee of members representing several paper money groups met and agreed a national meeting should be held at some central location. Mike Crabb took the challenge. He and the Memphis Coin Club hosted the first "All Paper Money Show," in Memphis in June, 1977. "Memphis" became the definitive word for the best of paper money exhibitions. University stint led to lifelong affection for things U.S. By Harold Don Allen, #3221 As a fifty-year collector of world currency, I've always kept a special place for the United States at its best (my gem "Education" dollar) or historically relevant (a Yellow Seal, or Hawaii overprint, or exotic MPC). I've also maintained a file of New Brunswick, N.J. fiscal memorabilia, to celebrate my own association with that his- toric city...1958 to date. The academic year 1968-69 marked my mid-career Rutgers University "year in residence" toward a professional advanced degree. Rituals out of the Middle Ages do grind one down in such circumstances, and there's need for an occasional break. My "breaks" were numismatic. Rutgers Speakers Bureau had me photographed with my paper money, and assured me that no one would run such a picture. Wrong--all the coin papers did. A speaker volunteer- ing his services is numismatic news: So, a couple of times a month, I was off to Metuchen, or Linden, or Plainfield, or Newark, to give a talk, and to exchange ideas with local collec- tors. I came back tired, but invariably refreshed. Fifty ANA speakers certificates I have to show for those New Jersey outings. And, some nice acquisitions of numis- matic Americana from many a local bourse. The degree, decades after, is on my den wall. It is E. A. Wright work, I understand. A bit of numismatic irony there. E.A. Wright was one security printer that declined to have me anywhere near its premises at a time when American Bank Note had welcomed me with open arms. PAPER MONEY • January/February 2001 • Whole No. 21 I 151 Reminiscences are sweet for many SPMC vets By Gary Hacker, #1388 It truly doesn't seem like so many years ago, but I started collecting paper money in about 1962. By late 1965 I found the Society and Paper Money. I started with small size notes and progressed to obso- letes. I want to say "Thanks" to those who helped over these years with my paper money collecting and education. Some of these people are no longer with us and others are going strong today in the paper money field. They are Josiah 0. Hatch, Benjamin B. DuBose, Nathan Goldstein II, Charles J. Affleck, Dr. John A. Muscalus, J. Roy Pennell Jr., Glenn B. Smedley, Helen H. Williamson, Grover C. Criswell Jr., Richard T. Hoober, Paul E. Garland, Bruce R. Hagen and Claud Murphy Jr. By Gene Hessler, #3157, LM100, HLM10 While reviewing the Paper Money pages I edited between 1984 and 1998, I glanced at the contents for each issue of our journal. The names of Peter Huntoon, Forrest Daniel, Brent Hughes and Bob Cochran appeared more often than others who contributed during that period. So, I can only say thanks to everyone who submitted articles during my tenure, but I owe a special thanks to these four gentlemen. Some articles were more enjoyable than others to edit; some needed little editing. There were some, I will admit, that provoked and frustrated me. A few articles, not from authors previously mentioned, were completely rewritten, but I did my best to retain the style of the original. In early 1978, before Barbara Mueller agreed to return as editor of Paper Money, Bob Medlar, then president of the SPMC, asked me to become its Editor. I immediately declined. I think I made a better Editor six years later than I would have been in 1978. I hope that history looks kindly on my years as Editor of Paper Money. I did my best. By John Glynn, #3267 I am not a Charter Member, but still consider myself a long-standing member (28 years). Yet I have not done any- thing within the Society to reminisce about. I have not attended any meetings, nor have I met any of the members in the Society, unless they are also members of the International Bank Note Society. The main reason for this is a big ocean between us called the Atlantic. My only contribution has been a few articles from time to time. Now I am working on the AATismer Book Project cataloging banks and obsolete notes from the state of New York. Although I have not met members face to face, I have known quite a few through correspondence, dealing with the catalog and with other interests of mine. I have every copy of the Journal, and have read each copy from cover to cover. All of them have been excellent, and I know the 40th anniversary issue will be outstanding. By Leon H. Bookman, #218 Many years ago, 1949-50, there was a curio shop on South 11th Street in Philadelphia. It was run by a wonderful gentleman by the name of James or Jim Iammerella. There I met Art and Paul Kagin, Charlie Dochus, Harry Forman and some old-time dealers long gone. It was there that the conversation and exposure was terrific. Talk about camaraderie, this was it. Some fantastic paper money in my collection was obtained there, as well as knowledge from giants like Art Kagin. In the past paper money did not have the interest that coins had, and bargains galore were available from dealers like Ben Douglas of Washington, Aubrey Bebee and R. Green of Chicago, Bill Rabin, and also the late Dave Bullowa -- a real giant -- just to name a few. I have some old price lists that would make your mouth water. But that was history. I stated in the Nov/Dec 1992 issue of Paper Money that what may seem expensive today will be considered cheap in the future, and that still holds true today. I make this prediction that smaller size money will take off very soon as well as Fractional Currency. Large paper money will become like Rembrandts. There's just so many and no more. In the past I had the pleasure of having the late Walter Breen at my office. He admired the condition of my collec- tion. We talked about a grading system. I stated "what you see is what you get," since the opinion of three people may give you three different answers. Oh well, I could go on and on. I hope the SPMC goes on and on. Good luck to the SPMC. By Q. David Bowers, #780 "In every note there is a story," and it is to the everlasting credit of the Society of Paper Money Collectors and the excel- lent Journal, Paper Money, that so many of these stories have been brought to print -- tales of financial shenanigans, the his- tories of banks, the biographies of note signers and portrait subjects, and more. Year-in and year-out I have enjoyed reading all that has appeared, and every so often I gaze upon my file of back copies and consider it to be a treasure almost as nice as a unique National Bank Note! For a hobby specialty to be really dynamic, many people must be involved. The collecting of paper money has all of these ingredients: an active, excellent organization now look- ing toward its 40th anniversary, an excellent publication, membership including many who have contributed time to write articles. Also, an ever-growing file of excellent reference books, conventions and get-togethers to stimulate camaraderie and personal contact, dealers who are so vital as they supply when collections are being built and as a service when collections are being dispersed, and more. Here is wishing the Society of Paper Money Collectors many more years of continued success. January/February 2001 • Whole No. 211 • PAPER MONEY History In Your Hand 152 "This bill looks strange," the merchant said, "I'd somehow got it in my head That all my bills had seal of green, And so I don't believe I've seen A bill like this; the seal is brown, And here's a name - a distant town. It even has a different look; I'm wondering now if I've been took." "Don't worry, friend, that money's good, It always was, and well it should. Our country's bonds, then backed by gold, When gold was cheaper, when it sold An ounce for twenty bucks or so, And other prices too, were low, Backed up those notes, one hundred per, You couldn't lose, not ever, Sir." It started many years ago, A Civil War, with days of woe, Had stretched our money out of reach, And so our problem was to teach Our people and our bankers all To use new money, and to call For NATIONAL BANKS throughout the land. The old type bank notes then were banned And bright new Nationals proud with art Circulated through the mart. By John T. Hickman, #1590 Each was the same, but different, too. They all had names that even you Would recognize; our own bank here Got its own notes like others near. They circulated far and wide And spread the word of local pride. To fuel the commerce of the nation From Big Stone Gap to White House Station, From Ballston Spa to Tonapah, From Birmingham to Beaver Darn, From Rising Sun to Six Mile Run, From Callaway to Buzzards Bay, They coursed like blood through human veins, Down city streets and country lanes, In our pockets, purses, tills They settled up our peoples bills At Kinderhook, they bought a book; At Newport News, they paid for shoes. A house in Memphis paid their Queens With notes from banks in New Orleans. An abstract fee was paid in Nampa With notes a drummer brought from Tampa. A Tulsa cowpoke locked in jail Used Kansas notes to pay his bail. They circulated up and down The Countryside, until we found A better way, or so we thought, To stretch our money when it bought Too many goods in times of stress And put the country in duress. A Central Bank is what we need! A place to finance and to lead, The way to proper fiscal class! We all salute you Carter Glass. You gave us money quite elastic, Even at a cost most drastic. And so, the Fed Reserve was born And too, in time our banks were shorn Of all their bonds and all their notes Used to finance wars and boats. Gone are gold seals, brown and blue, Soon the red seals will be too. Numbers now instead of names, Hard for some to learn new games; And now that green seals are the most, Please permit this final toast: Here's to metals, ores and jewels, Coal, and old and other fuels Here's to Farmers, Merchants, Traders, Butchers, Drovers, Wagon laders Here's to Citizen, Central, City Atlas, Aetna, titles witty Here's to local names and faces, Mountains, streams and other places, Battlefields, and Forts and town sites, Broken dreams and other dam sites, Whaling ships and Shoe and Leather, Indian names and changing weather, Here's to NAMES all o'er this land -- Here's to history in your hand. Reprinted from Paper Money Vol. 10 (1971), Issue #40, page 153 John Hickman knew the 'itch would return' By Tom Snyder, #5592, LM45 I joined through sponsorship by M.O. Warns, who was a good friend in West Allis, WI. I became a life member shortly after joining SPMC. I sold my main collection of Wisconsin National Bank Notes in 1990, and used the cash for a down- payment on industrial real estate in Waukesha, WI. I still own the real estate, and make my livelihood there printing business forms. I maintained a "keepers" collection for several years, plus collected real photo "bank" post cards. I have about 2,000 of them. Now you know where they are and why they're so scarce. After recovering financially from this major real estate purchase, I got the "itch" again just as my old friend John Hickman said I would. So I have been collecting "major" Wisconsin Nationals as they have become available, plus Nationals from Mississippi River towns which is quite a chal- lenge. • SPMC supplied me info By Lloyd Deierling, #5190, LM137 I first became interested in paper money in 1957. At that time very little information was available to the potential cur- rency collector, particularly those interested in National Banks or their note issues. Most dealers did not handle paper money and few brought currency to shows even if they had it. On those occasions when a dealer did have paper money available, many notes could be purchased at a slight premium over face value. I purchased many obsolete notes because they were pretty, and the cost was low. In some cases they turned out to be rare, but nobody knew it at the time. Tremendous changes have taken place within the hobby over the past 40 years. SPMC was, without a doubt, instru- mental in much of this progress. For me, SPMC has been a source of information that could not be found elsewhere. I enjoy reading each issue of Paper Money, and often refer to back issues to refresh my memory regarding certain stories. I would like to say "thank you" to the many officers and members who have had a part in SPMC's success, and wish them many more years of the same. • The author and John Hickman. PAPER MONEY • January/ February 2001 • Whole No. 211 153 Did you hear the one about the traveling salesman from Iowa? By Ron Horstman, #1526, LM12 I started collecting Indian head pennies out of change as a boy and never really paid much attention to paper money until I received a $1 Hawaii note in change. This fascinated me, and when I found out that some of the local banks had their names printed on small size Brown Seal notes, this really interested me. Most of the notes that I collect- ed came in change or from hank tellers. I did not subscribe to any numismatic publications, but occa- sionally attended a local coin show where a dealer showed me a copy of Paper Money. In 1965 I joined, and was fasci- nated by this publication. Some, but not all, of the back issues were available, which I ordered. It took me many years to locate the remain- ing issues to complete my set. The first contact that I had with any members of the society was at the 1970 ANA convention held in St. Louis. I also found that there were several other members of the society living in the area. I had never seen any large size Nationals until this show. There I purchased two First Charter $10 notes from Amon Carter. They were priced as type notes with a VG selling for $150 and a Fine selling for $200. The $150 VG note turned out to be one of only two known on that bank. I met William Philpott at the show, and he offered to send me a list of the St. Louis notes that he had for sale. The list turned out to have nine notes that I did not have. He was kind enough to hold them until I could save enough to buy each one. Among them was an Uncirculated #1 Red Seal, which I purchased for $200. • I met many interesting people at the show, including a traveling salesman from Iowa who was interested in Nationals and was collecting serial numbers and other information about all the notes he observed. This was my long-time friend, the late John Hickman. A few years later at the ANA in Cincinnati, I spent several hours manning the SPMC table with Tom Bain. We talked about many inter- esting subjects, including the origin of the raffle bearing his name. It seemed, I learned, that one of the early Society officers absconded with the Society treasury threatening its existence. Torn went around at shows asking collectors and dealers to donate something to help save the Society. After the financially disastrous show sponsored by the Society at Cherry Hill, NJ, the Professional Currency Dealers Association decided to hold its own show in St. Louis. They asked me to be the show general chairman. I agreed, providing the Society would be a co-sponsor and receive some sort of financial remuneration. The Society's annual participation in the fall St. Louis show continues down to today. $120 to Baldy, $140 to Bushy, $160 to Baldy By Tom Denly, #5773, LM1 In 1972, I left Winchester Firearms as a Manufacturing Design Engineer to join my Dad in his travel agency. In the agency I hung out my first coins and currency shingle, with currency being only a secondary interest. By 1979 I had become V.P. of the American Society of Travel Agents and had received many awards -- but the lure of currency and coins had taken me over. The week I got my dad to sell the agency so I could go Cull time into currency and coins, I bought a great Confederate and obsolete collection for $24,000, which was every last cent I had to my name. I remember selling Hugh Shull a Montgomery $100 and a $50 for $1,000 each out of that collection and getting paid over four months. I sure wish I could buy those notes back today at that price! About that time (I still had some hair) Hugh and I would battle at auction for obsolete notes. Don Fisher, the auction- eer, was heard to call "$120 to Baldy. $140 to Bushy. 5160 to Baldy." 154 January/February 2001 • Whole No. 211 • PAPER MONEY SPMC Memories: Reminiscences of some Ragpickers By Wayne Homren, #5998 Like many kids growing up in the '60s, I had a Whitman Lincoln Cent folder and accumulated a beginner's date and mint mark collection. I guess my earliest numismatic memory is of my grandmother showing me the new clad coinage in 1964 (when I was about six years old). It was my grandfather though, who got me started as a collector, when he gave me a box of old foreign coins from Europe. The most fascinating item in the box was something I later learned was American: a tiny, dirty, beat-up piece of paper money. No one in my family could tell me what I had, so I went to the library in search of an answer. Somehow I found a book that told me my treasure was a piece of U.S. Fractional Currency: a 25-cent note picturing Robert Walker. More than 35 years later, I've still got it. When I discovered the downtown Pittsburgh coin shops, I started to buy new items for my collection. My first purchase from dealer Cliff Sutton of The Collector's Cabinet was a Civil War scrip note of the Mt. Pleasant Apothecary Store. It would be many years before I learned the connection between that note and 19th-century coin dealer W. Elliot Woodward. But at the time, that note was my next stepping stone to becoming a numismatist. By the time I got to high school I was a veteran collector, with what I thought at the time were extensive holdings of U.S. and foreign coins. I had never lost my interest in Civil War money, but didn't know much about it. One day, I made a return trip to the library. I recall taking a notebook along to jot down information. It was a fateful decision. By the end of the afternoon, I had learned several things about money during the Civil War, and each new fact led to new questions. I read some articles in The Numismatist about Fractional Currency, then found other articles on Civil War Tokens. I believe it was from Matt Rothert's Fractional Currency book that I first learned about Encased Postage Stamps. From that point on I was hooked on Civil War numismat- ics, and began to assemble type collections of Confederate Currency, Postal and Fractional Currency, Patriotic Civil War Tokens, and local Pittsburgh Civil War Storecards. Once I finally got through college and into the work force in New Jersey, I could start to afford Encased Postage Stamps, and start- ed looking. My first one was probably a common Ayer's vari- ety. But for a stretch of about 12 years (from 1982 to 1994) I began building a collection of EPS and Postage Stamp Envelopes, on the theory that these things are really RARE — I could always go back and buy the other stuff later. Well, I regret not continuing to buy nice Confederate notes, since I only have the commoner ones, and can no longer afford the keys. But I do have quite a collection of Encased Postage: 34 pieces, representing 26 of the 34 types, including some pieces with fewer than 10 examples known. Some I bought from dealers at coin shows, others at auction, and a few rare pieces from friends such as Bob Nester, Dr. Wallace Lee, and Bob Kincaid of Hastings, NE. I met Kincaid at the 1982 Boston ANA, where he was a speaker at the fledgling "Numismatic Theatre" (then called "The Little Theater"). I had written to him prior to the show, after seeing his ad in the Civil War Token Society journal. He had been researching encased postage issuers, and was looking for others with similar interests. I had already started doing research on my own. For example, I visited the National Archives and held in my hand the original EPS patent applica- tion drawn and signed by the inventor, John Gault Bob and I teamed up to do some research in the Boston area. Bob had managed to track down the will and death notice of John Gault, the inventor of encased postage. Together we traveled to a cemetery in Cambridge, Massachusetts. Posing as distant relatives, we learned where the grave site was, and were soon standing next to Gault's headstone, taking pictures. Later Bob introduced me to Fred Reed, who had indepen- dently been doing similar research. The three of us teamed up and the end result was Fred's book Civil War Encased Stamps: The Issuers and Their Times (1994, 1995). Working under Fred and Bob's direction, I spent many Saturdays combing through the New York Public Library and New-York Historical Society. I even took an afternoon off during the week to visit the Princeton University library, where I located on microfilm a let- ter from John Gault to President Lincoln requesting permission to use his photo on campaign buttons. Seeing the book in print was a dream come true. I'm still collecting paper and have multiple interests: Pittsburgh-area obsoletes, 1907 Clearing House Certificates, J.S.G. Boggs notes and artwork, and most recently, error notes. I've also come to enjoy collecting paper money literature, and have a nice research library that comes in handy once in a while. Happy Anniversary SPMC, and many more! By Frank Clark, #5900, LM193 One of my most cherished memories from my membership in SPMC was when I attended SPMC's 25th anniversary dinner at the International Paper Money Show in Memphis in 1986. After the dinner, the 25th anniversary cake was brought out. It was decorated like the front of a $1 Federal Reserve Note and then cut up into tiny squares so that everybody got a piece. Then there was the Tom Bain Raffle. This was the first Memphis without Tom due to the fact that he had passed away the previous October. This was also my first Tom Bain raffle. I did not win anything, but I do remember Bob Medlar winning a copy of his own book -- Texas Obsolete Notes and Scrip. What a coincidence! SPMC Charter Member lapel pins were given out to the Charter Members at this dinner. At my table was Homer Brooks, who was my mentor in converting me from coins to paper money and the one who got me to join SPMC. When he was called to pick up his Charter Member pin, he had a big smile on his face and he was very proud of receiving it. By Dennis Forgue, #1096 I remember the 1967 SPMC banquet in Miami, where I was sitting with the Bebees. During the end of the food service, Aubrey said that they had to leave early so that they could go see the 1913 Liberty Head nickel sell in the auction. I said that I wanted to see that too, so I went with them. Little did I know that they were going to buy it then! Another early SPMC member from Ohio, Julian Marks also put an early bid in on the 1913 nickel just so he could say that he bid on it. Too bad we don't have affairs such as these at ANA any- more. Ah, the old days! MEMPHIS COIN cum "FIRST PAPER MONEY,PQNVENTION" Nathan C Cireenvi' •1r' ' NMI ....... urn ): iiiirgAmiNit 1231E3 S MELIA' - tIiRO ; 2 D 4.2 47 1 15H International Bond & Share Society Founded 1978 for the encouragement of Scripophily The Directory A Membership and Dealer directory, with full listings for — the U.S.A., U.K., Germany and 40 other countries. The Journal A quarterly mag- azine with 40+ illustrated pages of U.S., & world news, research, auc- tions, and a diary of coming events. For Information Write To: U.S.A. Rest of the World Richard T. Gregg Peter Duppa Miller 15 Dyatt Place Beechcroft P.O. Box 430 Combe Hay Hackensack, NJ 07602-0430 Bath BA2 7EG, UK Tel: 1-201-489-2440 Tel: 44/0-1225-837271 Fax: 1-201-592-0282 Fax: 44/0-1225-840583 Or Visit Our Web Site At: http://members.aol.com/INSSociety PAPER MONEY • January/February 2001 • Whole No. 211 155 BEP visit led to lifelong paper money affair By Nathan Goldstein II, #133 As a lifelong stamp collector, the Bureau of Engraving and Printing was a very important spot in my life. In late 1956 I was a visi- tor of Director Frank J. Holtzlaw. He suggested that I visit the new presses experimenting with new Silver Certificates being printed on single plate rotary presses. This trip started my interest in paper money, and when the first of these Silver Certificates were released I started collecting paper money. This interest blossomed into actively collecting earlier series, and then Mississippi Nationals. When SPMC was started, I wanted to learn everything possible, so I became Charter Member #133. During the early releases of the new Series 1963 51 FR notes a Right: The author's "Guest Speaker" badge from the 1st Memphis Show. Below: a note accompanying a trade from "Circle" member Mike Crabb. group of collectors called "The Circle" formed, and a monthly bul- letin was edited by Chuck O'Don- nell. We had three members from each FR District and exchanged new notes with other members. This worked greatly for members, and later I took over as Editor. I later started a column in Coin World called "Paper Money Periscope," which continued for more than 10 years. It was a won- derful chance to meet new collec- tors, and the mail volume was unbelievable. It was this love of paper money and meeting new col- lectors from near and far that made collecting so enjoyable to me. These years of collecting, along with the fellow members of SPMC, has made this hobby a main part of my life. I am happy to say that I have not missed a single meeting of the International Paper Money Show in Memphis. SPMC has been a major part of my life, and I look forward to many more years of pleasure therein. a--osca_ K)Ac'rtiNL.), ECCLOStst hA4\1G., •voo 0_03- ka7 4.)(111--11..) I k.) 2e7t) Upu, q, i qgo MICHAEL A. CRAM!, MI.ANA MS PhIC:4 1C4 MC 1181 nita 1888 P. 0. COO 171171 MEM. 7113, TENN. 98117 s WIT-4 croup, .. (1,_)Lca.-12.e. -.c. Nobody pays more than Huntoon for Arizona & Wyoming state and territorial Nationals Peter Huntoon P.O. Box 60850 Boulder City, NV 89006 702-294-4143 156 January/February 2001 • Whole No. 211 • PAPER MONEY Thanks for the memories & the education By Fred L. Reed III, #4912 ever there was one. Ed was the "answer man". If you had a question, Ed would come up with an answer or throw it out to the immense Coin World readership, whose collective knowl- edge was stupendous. Ed taught me alot. He recruited me for SPMC. Ed left "Collector's Clearinghouse" to found ANACS in Colorado Springs, a very high calling indeed! His passing left us all poorer. I was fortunate to be one of the 947 lucky witnesses to the birth of the Memphis International Paper Money Show under I joined SPMC rather late compared to many of those who are sharing their reminiscences in this issue of Paper Money. Still, I'm proud to be celebrating my 24th year with our Society. I got into paper money collecting in the "good old days," nevertheless. I began buying paper money in the early 1960s. As a teenager I bought on approval by mail from Bob Wallace in Ft. Worth. Bob would drop a half dozen notes in an enve- lope, marked at ridiculous prices like 25-cents or so, all with his "R.W. Wallace" stickers on the plastic sleeve. I bought a lot of good notes, mainly obsoletes and Confederates, from Bob over the years, dirt cheap. It was only many years later, when both Bob and his wife Helen became friends, that he realized he'd been dealing with a kid those many years earlier. In 1963 my family moved from New York to Oklahoma. I didn't know any collectors there, but Jake Sureck befriended me after witnessing me purchasing Fred Reinfeld's The Story of Civil War Money at a local coin shop. All the old time SPMC members know Jake. He was an SPMC Charter Member, and also a gentleman. I have never seen lovelier notes than he showed my Dad and me sitting around his dining room table. At the time SPMC did not take Junior Members, but ANA did. I joined ANA in the mid-1960s. Matt Rothert and Margo Russell were my sponsors. I met them at a big coin show at a downtown Oklahoma City hotel when I was in high school. Both were to become real friends and mentors (see related story on Page 138.) Both supported my interest in the Civil War numismatics, and helped me with my early writings on the subject. Following college, the military, starting a family, and grad school, I got to attend the 1975 ANA Convention in Los Angeles. I got plopped into the "cat bird's seat" for a neo- phyte currency collector. I went first class as a newly hatched Coin World staff writer. Knowing my interests, Margo assigned me to the "paper money beat." I remember the SPMC banquet very well. It was lavish. Attendance topped 150. J. Roy Pennell was the emcee. Gene Hessler was the speaker. I was enthralled by the Torn Bain auction that closed out the festivities. I bought five tickets and won two pieces of scrip that I still have. "'I like to vary the articles in each issue of Paper Money,' SPMC journal editor Doug Watson reported. His philosophy is to include 'something of every type to appeal to all collec- tors,' the editor affirmed. Tor example you won't generally find two articles on obsolete currency in a single issue of the publication.'" --Fred Reed, Coin World, Sept. 14, 1977 At the show I met Neil Shafer, who the following year had me over to his house to meet his family, have dinner, and share with me his fervor for food stamp scrip. I also met Fred Schwan, who became a lifelong friend and collaborator. I soon joined SPMC and plugged into the "paper money beat" in earnest. I covered the banquets, the business meet- ings, the membership meetings, the educational forums, the bourse. Soon Harry Forman, Harry, Jones, Nate Goldstein, Harold Don Allen, Byron Cook and others became tutors. At Coin World, the resident syngraphist was SPMC mem- ber Ed Fleischmann, a patient and dedicated numismatist if Courtney Coffing, Gene Hessler, and the author in the Coin World library c. 1977, about the same vintage as the Amon Carter letter and the IPMS badge on the following pages. Mike Crabb's entrepreneurial touch in 1977. What a wonder- ful spot at the Rivermont Holiday Inn, high on a bluff over- looking the Mississippi River. On the 20th anniversary- of the Memphis show, I took my original ID badge and a bunch of pictures to share with Mike Crabb. Neither of us could believe those events were two decades old. I was delighted to debut an error currency book that I co- wrote with Tom DeLorey at that first Memphis show. Paper money errors were VERY hot. The BEP was spewing inverts and other mistakes on a weekly basis. Herb Krisak at the BEP love-hated my weekly calls reporting additional foul-ups. Sales of the hook were great at Memphis. Russ Rulau, Charlie Wilson and I celebrated at the revolving restaurant atop the Union Planters Bank skyscraper downtown. These errors continued to proliferate. Coin World ran my stories of each successive wave of note blunders almost weekly on the front page. We put out a revised edition of the note error book at Memphis the next year. Aubrey Bebee really pushed it, I'm happy to report. I covered SPMC again at the Atlanta ANA in 1977. The heat at the SPMC banquet wilted floral arrangements on the tables and nearly took the measure of the attendees, too. Grover Criswell and Dr. John Muscalus fostered my burgeon- ing interest in college currency, which continues unabated. Grover let me take a good many notes on credit. He never wrote the transactions down. Don Fisher (a better busi- nessman) sent me lots of notes on approval too; he probably did! Doc Muscalus brought me packages of "special items." He was a hard nut to bargain with. Jim Noll always showed LARBEE, COMBINED DAILY CIRCULATION IN TE%AS FORT WORTH STAR-TELEGRAM MORNING EVENING SUNDAY Dec 27, /976 Dear Mr. Reed: Enjoyed your article on the Cope mis-prints. Here is a $20 note that I found here in Ft. Worth about two months ago. I think it is Cope but really cant be sure. Anyway wanted you to see a Zerox of it. Yours truly, P. S. I think 1 more was found here in Ft. Worth 4Ad I understand it is pretty badly circulated. This one came from my teller. PAPER MONEY • January /February 2001 • Whole No. 211 157 up at Society meetings with a fist full of paper items, which he generously gave away to all takers! In 1978 I covered SPMC again at the Houston ANA. Bob Medlar and his lovely wife Betty became friends. Later Bob was very helpful in my receiving a research grant from ANA to write my book on Civil War Encased Stamps. For those early Memphis shows, I edited special sections of Coin World specifically targeted for the paper money crowd gather- ing there. The ad staff sold oodles of ads to dealers like Art Kagin, Lyn Knight and Harry Forman, and I solicited special articles from all the top names in the hobby. For the third Memphis show in 1979, that special section -- devoted entirely to paper money -- was 60 pages long, and back then Coin World's pages were nearly twice the size they are today! We had great paper money articles from the likes of J. Roy Pennell Jr., Yasha Beresiner, George Wait, Gene Hessler, Dean Oakes, Grover Criswell, Neil Sowards, Peter Huntoon, Aubrey Bebee, Dorothy Gershenson, Charles Colver, John Isted, Glenn Smedley, Jay Guren, Doug Ball, Nelson Page Aspen, Mike Crabb, Barbara Mueller, Milt Friedberg, Courtney Coifing, Bill Gibbs, Dr. John Muscalus, Eric Newman, Ruth Hill, Toni Bain, Harry Forman, Duane Douglas, Frank Trask, Maurice Burgett, Radford Stearns, Chuck O'Donnell, Ira Friedberg, James Charlton, Q. David Bowers and up-and-comers like yours truly, Fred Reed. Honest. I worked with all those authors for a single issue of COM World, dated June 20, 1979. All had bylines in the spe- cial 60-page Memphis pull-out section. Some lineup, huh? Even now as Paper Money Editor, it makes the mouth drool. Those special sections are collectibles themselves now, just for reference value alone! "About 165 turned out for the SPMC breakfast meeting held June 3 during the second annual Memphis International Paper Money Show. Speaker for the occasion was widely known and respected researcher Dr. Glenn E. Jackson, Watertown, CT, who specializes in syngraphic essays and proofs. "A dentist, Dr. Jackson likened the 'extracting of informa- don through research to his vocation.' The well-received talk was interspersed with numerous anecdotes, gleaned by years of patient study."' --Fred Reed, Coin World, June 28, 1978 At those early Memphis shows we gathered off hours in the hotel's intimate lobby to swap notes and lies. The tales weren't always syngraphic. I learned a lot about pre-Castro Havana nightlife from Amon Carter's and Grover Criswell's accounts. One evening, Herb Melnick, Doug Ball, several others and I went to the dog track in West Memphis, Arkansas. Herb had a big wad of $100s. We bet the long shots -- the dogs that stumble half way down the stretch. At one of those first Memphis shows Amon, whose IOUs were considerably more valuable than the Federal Reserve's, was denied check cashing privileges at the hotel desk. Amon hadn't just owned the Ft. Worth Star-Telegram, radio, TV sta- tions and a big chunk of American Airlines. He was on the Holiday Inn Board of Directors, to my understanding. We never saw that clerk's face again. I tell you, Amon wrote me checks from time to time after that. I never questioned him on them. I wish I still had one uncashed, and worth all the more for that. Amon befriended me. He was the first to report a $20 COPE invert (left), and was tickled to death he'd received it at face value at his local bank. We played it up with a big headline in Coin World. After that, we were on a first-name basis. After we became well acquainted, Amon agreed to finance a new numismatic magazine startup that I would edit. We were going to locate it right in the Star-Telegram Building. When it became clear he was putting up the dough, but I would be obligating myself to 26-hour days, I begged off. We were going to call it Moneta; doubtless we could have filled it with fabulous folding money from Anion's vault. His untimely demise shortly thereafter ended the new magazine's prospects, and his collection of tobacco tin tags. "A record attendance is expected at the third annual International Paper Money Show, scheduled to open June 15 at the Holiday Inn-Rivermont in Memphis, TN. "A diversified and fascinating array of exhibits, including best of show winners from the American Numismatic Association Convention and several statewide meets, has been arranged for by exhibit chairman Martin Delger. "Gene Hessler, author and former curator of the Chase Manhattan Bank Money Museum, will discuss his new book, U.S. Essay, Proof and Specimen Notes, at the educational pro- gram." --Fred Reed, Coin World, June 20, 1979 Anion introduced me to his friend Johnny Morris and his lovely wife Opal from Alabama. Amon was famous for pulling rare and exotic notes from his case, and rightly so. When vou asked Anion, he would produce the unique variety. When you asked Johnny, he would pull out an envelope full of notes and fan them out on the table -- a long run of consecutive, crisp large size notes with seals as fresh as today's produce. I covered SPMC again at the St. Louis (1979) and Cincinnati (1980) ANA shows, and attended all the early Memphis Shows as well. At one, Wendell Wolka made me the most popular person in the COl77 World newsroom when he gave me free SPMC souvenir cards to take back to the rest of the gang in Sidney, Ohio. I relied heavily on Mart Delger's unfailing courtesy in MEMPHIS COIN CLUB 111101-MDROAL PAPER RIONEV MOW FRED ittu COIN 1JORLD S CO /MW /1-4-47IL7 9181 s .44.1usa■Insucauguaauns91/WILTIMIL101.61c 158 January/February 2001 • Whole No. 211 • PAPER MONEY those early years for information for my show stories. Mart, who still heads the Memphis exhibits, is one of the finest gen- tlemen I have known in any sphere or activity. I wrote a couple short items for Paper Money and sent the magazine a lot of photos from these affairs. I also bumped into my SPMC friends at other shows around the country, like the fabulous 1980 New York City paper money show. Of course in the interim, we corresponded, traded, bought and sold back and forth. Dennis Forgue provided me with dozens of great Abraham Lincoln syngraphic pieces that will be illus- trated in my forthcoming book on that subject. Robert H. Lloyd gave me gratis college banking items that had been used by his grandfather at Eastman College. I corresponded with Maurice Burgett about rare Cherokee Nation notes that Jim Morgan had researched just before Maurice died in Fall 1979. Unfortunately, when his SPMC Wismer book was published posthumously the follow- ing year, the additional information did not make it into print. "Convening the SPMC regional gathering at the first annual Greater New York Paper Money Convention, Sept. 5- 7, 1980, was SPMC governor Steve Taylor. His splendid U.S. currency display topped exhibit honors and claimed the `Stanley Yulish Best of Show Award.'" --Fred Reed, Coin World, Sept. 24, 1980 I was a generation removed from the real pioneers, the "Founding Fathers" of SPMC, but I was fortunate to meet many of them in the 1970s and share good times and common interests. I talked about checks with Larry - Adams, Secretaries of the Treasury with Wendell Wolka, vignettes with Dr. Glenn Jackson and Gene Hes- sler. I chatted about Fractional Currency with Ernie Keusch, talked note errors with Jim Conlon, Lincoln vignettes with J. Roy Pen- nell, small size currency with Chuck O'Donnell, encased stamps with Len Glazer and Don Kagin, and Nationals with John Hickman. All that and much more with the likes of Glenn Smedley, Chet Krause, Gerome Walton, Art Kagin, M. Owen Warns, Mike Crabb, Ruth Hill, George Wait, Charlie Colver, Paul Garland, Don Fisher, Bob Charles, Tom Bain, Eric Newman, George Hatie, Chuck O'Donnell, Aubrey Bebee, Dorothy Gershenson, Lee Worthley, Austin Sheheen, Bill Doovas, Joe Hensley, Gordon Harris, Sam Roakes, Bob Flaig, Neil Sowards, Doug Watson, Harry Lessin, Jack Veffer and others. I interviewed them all, made friends, and filed stories on what I learned. I was paid to listen to what they had to say. In retrospect, it should have been the other way around. I should have paid them for my paper money education . . . and for all the great memories. Thank you one and all. Magazine brings back memories to former editor By Barbara R. Mueller, #464, HM7, HLM2 I first became aware of SPMC when I was appointed edi- tor of The Essay-Proof Journal in 1963. In fact, at an earlier time I considered dropping my membership in The Essay- Proof Society because, under the direction of Dr. Julian Blanchard, I felt it was becoming too numismatic, while my primary interests had always been philatelic. How fortunate that I remained a member and edited EPJ for 30 years! Slowly I became educated in things numismatic, but when Dr. Blanchard asked me in 1964 to edit Paper Money, I protest- ed that all I knew about paper money was how to spend it. As successor to founding Editor Hank Bieciuk, I would only have succeeded in making a fool of myself without the help of so many mentors who eventually became good friends. My interest in intaglio printing led me into the aesthetics of paper currency design, which meant close association with the ever-kindly Dr. Glenn Jackson and, of course, one of the pioneers still with us -- Gene Hessler. Living in southern Wisconsin, only 50 miles from long- time SPMC Treasurer and small NBN authority M.O. Warns, I learned to know him and his wife Charmaine very well. At the ANA conventions and later Memphis shows, I was always impressed by the fun approach the SPMCers took to their hobby. They certainly knew how to put on great social events and banquets. That brings to mind dear Tom Bain and his raffles, which led into -Wendell 1/Volka's development as emcee par excellence. But still, all I ever won were sewer bonds! George Wait and Glenn Smedley, delightful bosses as SPMC prexies; Forrest Daniel, who always helped out with off-beat articles and "fill"; Bob and Betty Medlar with their Texas charm; Roy Pennell, Vernon Brown, and Amon Carter were all class acts. As I page through the back issues of PM many more memories flood back: about the authors, about the challenges sometimes encountered in editing their work, about the diffi- culties they experienced in creating their articles. I recall that the epitome of perfection in presenting arti- cles was reached by Peter Huntoon, who continues to amaze me with his unflaging enthusiasm for his Nationals. I certainly don't want to slight anyone in this reminis- cence, and I'm sure after I send it to present Paper Money Editor Fred Reed, Ill think of people I've overlooked. I'm also sure he doesn't have room for more of my ramblings about two decades of editing, so I'll sign off by wishing SPMC 40 more years of prosperity. Bill Donlon was memorable By Charles Kemp, #3980, LM62 My fondest memories of SPMC are ones that involve the Memphis International Paper Money Show. Over the years I had the pleasure of meeting many people in person whom I had only known through correspondence before. The most memorable person I have met was at the very first Memphis show when I met Bill Donlon. He wasn't around too much longer, and I really feel privileged to have had the chance to talk with him. Congratulations SPMC 1961-2001 William H. Horton, Jr., P.O. Box 175, Keyport, NJ 07735 MAINTEIPINV Convention Brandywine Terrace, Assiscschevroanoxvc Delaware July 13-14-15if 2001 ilEPT-447-sma LJA•111EIVIIAT1= I COLLECT MINNESOTA OBSOLETE CURRENCY and NATIONAL BANK NOTES Please offer what you have for sale. Charles C. Parrish P.O. Box 481 Rosemount, Minnesota 55068 (651) 423-1039 SPMC LM 114-PCDA-LM ANA Since 1976 PAPER MONEY • January/February 2001 • Whole No. 211 BUYING AND SELLING PAPER MONEY U.S., All types Thousands of Nationals, Large and Small, Silver Certificates, U.S. Notes, Gold Certificates, Treasury Notes, Federal Reserve Notes, Fractional, Continental, Colonial, Obsoletes, Depression Scrip, Checks, Stocks, etc. Foreign Notes from over 250 Countries Paper Money Books and Supplies Send us your Want List ... or ... Ship your material for a fair offer LOWELL C. HORWEDEL P.O. BOX 2395 WEST LAFAYETTE, IN 47996 SPMC #2907 (765) 583-2748 ANA LM #1503 MYLAR D CURRENCY HOLDERS PRICED AS FOLLOWS BANK NOTE AND CHECK HOLDERS SIZE INCHES 50 100 500 1000 Fractional 4'/4 x 3'/4 $17.75 $32.50 $147.00 $255.00 Colonial 51/2 x 3 1/16 18.75 35.00 159.00 295.00 Small Currency 6% x 2 7/8 19.00 36.50 163.00 305.00 Large Currency 7 1 /8 x 3 1 /2 23.00 42.50 195.00 365.00 Auction 9 x 3 3/4 26.75 50.00 243.00 439.00 Foreign Currency 8 x 5 30.00 56.00 256.00 460.00 Checks 95/8 x 4 V4 28.25 52.50 240.00 444.00 SHEET HOLDERS SIZE INCHES 10 50 100 250 Obsolete Sheet End Open 8 3/4 x 14'/2 $13.00 $60.00 $100.00 $230.00 National Sheet Side Open 8 1/2 x 17V2 25.00 100.00 180.00 425.00 Stock Certificate End Open 9 1/2 x 12 I /2 12.50 57.50 95.00 212.50 Map & Bond Size End Open 18 x 24 48.00 225.00 370.00 850.00 You may assort note holders for best price (min. 50 pcs. one size). You may assort sheet holders for best price (min. 5 pcs. one size) (min. 10 pcs. total). SHIPPING IN THE U.S. (PARCEL POST) FREE OF CHARGE War D 4 is a Registered Trademark of the Dupont Corporation. This also applies to uncoated archival quality Mylar® Type D by the Dupont Corp. or the equivalent material by ICI Industries Corp. Melinex Type 516. DEN LY'S OF BOSTON P.O. Box 1010, Boston, MA 02205 • 617-482-8477 ORDERS ONLY: 800-HI-DENLY • FAX 617-357-8163 Advertiser Index Oops. This issue got too full. Editorial content squeezed out our Ad Index, but you can find all of the unprecedented 100 contract, sponsorship & classified adver- tisers throughout this issue. Tell them you saw them in Paper Money, and thank them for their participation in this special 40th Anniversary Commemorative Issue. 159 160 January/February 2001 • Whole No. 211 • PAPER MONEY t7ineeilereikdi Dustin Johnston, at Ext. 302 (djohnston@heritagecoin.com ) Contact us today 1-800-US COINS 24-hour voice mail available at all extensions ggiV *Px6 7 ran PNO Sieve Ivy ern Halperin Greg Roller Heritage Plaza, 100 Highland Park Village, 2nd Floor • Dallas, Texas 75205-2788 1-800-US COINS (872-6467) • 214-528-3500 • FAX: 214-443-8425 wkinv.HcritageCoinscom • e-mail: bids@heritagecoin.com www.CurrencyAuction.com • e-mail: notes@currencyauction.com NO BUYER'S FEE! SALES CLOSE THE 15TH & 30TH OF EVERY MONTH HoIli Hughes, at Ext. 283 (holli@currencyauction.corn) AMERICAS CONVENTION AUCTIONEER ERITAGE NUMISMATIC AUCTIONS, INC. Paper Money 40th Anniversary Commemorative Issue SOCIETY OF PAPER MONEY COLLECTORS INC. Volume XL Number 1 Jan/Feb 2001 ety of Paper Money Co ectors 1961-2001 The Society of Paper Money Collectors, Inc. was founded in Atlanta, GA in 1961 "to promote, educate and encourage the study and collecting of paper money." During its four decades, the Society has published more than 200 issues of its award-winning magazine, Paper Money, and 20 books on a variety of syngraphic subjects. Annual meetings are held in June at the Memphis International Paper Money Show. The Society co-sponsors an annual show in St. Louis in the Fall, and regional events are staged throughout the year at various conventions. These get-togethers offer illustrated lectures and camaraderie. SPMC's nearly 2,000 members come from all walks of life, and from all states and many nations around the globe. Anyone, 12-years-old or older, of good moral character may join SPMC. Annual dues are $24 in the U.S. ($29 in Canada and Mexico, or $34 else- where). Updated information on the Society is available around-the-clock at www.spmc.org 1961 - SPMC - 2001 Frank Clark, President Wendell Wolka, Vice President Fred L. Reed III, Secretary Mark Anderson, Treasurer Bob Cochran, Past President Fred L. Reed III, Editor Gene Hessler, Contributing Editor Robert Schreiner, Advertising Manager Spider Press Printing P. O. Box 1146 OLNEY, MARYLAND 20830 Governors: Mark Anderson, Benny Bolin, Frank Clark, C. John Ferreri, Gene Hessler, Ronald L. Horstman, Arri Jacob, Judith Murphy, Fred L. Reed III, Robert Schreiner, Steven K. Whitfield, Wendell Wolka A $5 Federal Reserve Bank note. F-782* in EF realized $7,150. A $100 One-Year Note, believed to be unique, realized $8,250. Monneau National Bank ealize Top Market Price for Your Paper Money! The currency market is hot! In recent months we have seen a tremendous amount of buying activity and invite you to jump on the bandwagon. Consider selling your important notes and currency items in one of our upcoming auctions to be held in New York City or in conjunction with the Suburban Washington/Baltimore Convention. The same bidders who helped set world record prices in our recent sales will compete for your currency items as well. Call Q. David Bowers, Chairman of the Board, or John Pack, Auction Manager, at 1-800-458-4646 to reserve a space for your material. We can even provide a cash advance if you desire. It may be the most financially rewarding decision you have ever made. A cut sheet of four $10 Legal Tender notes. F-123 in Average New to Choice New realized $17,600. A $10 Silver Certificate. F-1700 in Gem New realized $8,800. An Interest Bearing $5,000 Proof Note realized $11,000. An Uncirculated Lazy Two $2 note from the State of Missouri,Auctions by Bowers and Merena, Inc. Box 1224 • Wolfeboro, NH 03894 • 800-458-4646 • FAX: 603-569-5319 • www.bowersandmerena.com Town of California realized $4,840. volume twogeneral issues MSWAVARRAMMegt; NOW, 'OM WOO- sYPErfo," standard catalog of WORLD PAPER MONEY Edited by Neil Shafer & Cohn R. bruce Offer N89S Mon-Fri, 7 a.m. - 8 p.m. • Sat, 8 a.m. - 2 p.m., CST Mail to: Krause Publications, Offer N89S PO Box 5009 Iola, WI 54945-5009 Or visit and order from our secure web site: www.krausebooks.com Dealers can call toll-free 888-457-2873 ext 880, Mon-Fri 8 a.m. - 5 p.m. Shipping and Handling: $3.25 1st book; $2 ea. add'I. Foreign orders $15 per shipment plus $5.95 per book. Sales tax: CA, IA, IL, PA, TN, VA, WA, WI residents please add appropriate sales tax. SATISFACTION GUARANTEE If for any reason you are not completely satisfied with your purchase, simply return it within 14 days and receive a full refund, less shipping. To receive a FREE all-products catalog or to place a credit card order, Call 800-258-0929 . ciudes all circulating issu • 230 issuin thodbees • 'wino toitpoinot in up to'bonse ve A . . 19th edition STANDARD CATALOG OF United States Paper Mopey By Chester L. Krause and Robert F. Lemke Joel T. Edier, Editor POSTAGE DT• p ovule • ENCASED 'RC PRE -CIVIL WAR U.S. NOTES ISLANDS • GUIDE TO AUTHENTIC- COMMONWEALTH ISSUES IES• GE NATI. FR TES*