BIMONTHLY PUBLICATION OF THE
Society Paper Nowt Collectom
Vol. XV No. 3 Whole No. 63 May/June 1976
3 911 Market Sty;.
In this special Bicentennial Americana issue, M. 0. Warns surveys the syn-
graphics of the 1876 Centennial and J. R. Lasser reports on members of the
Continental Congress who signed Continental currency.
$2.00 BICENTENNIAL SETS
1976 Superb Crisp New Sets-all Twelve Districts
Similar Set (12)-with the Last Two Numbers matching
$1.00 FEDERAL RESERVE SETS
ALL SUPERB CRISP NEW SETS -I- + BUY NOW AT THESE LOW PRICES.
2 Nos. Match
Complete Star Sets=Last
Star Sets 2 Nos. Match
1963 Granahan/Dillon (12) 28.75 30.75 (12) 29.75 31.75
1963A Granahan/Fowler (12) 26.75 28.75 (12) 27.75 29.75
1963B Granahan/Barr ( 5) 8.75 10.75 ( 4) 8.75 10.75
1969 Elston/Kennedy (12) 20.75 22.75 (12) 23.75 25.75
1969A Kabis/Kennedy (12) 20.75 22.75 (11) 21.75 23.75
1969B Kabis/Connally (12) 19.75 21.75 (12) 23.75 25.75
1969C Banuelos/Connally (10) 16.75 18.75 ( 9)
1969D Banuelos/Schultz (12) 17.75 17.75 (11) 22.75 24.75
1974 Neff/Simon (12) 17.75 19.75 Above
1963/1974 All Nine Sets (99) 169.75 184.75 8 Sets (83)171.75 184.75
ALL-MATCHING NUMBERED SETS
1963/1974 All Nine Sets (99) -F Each with the Same Last Two Numbers 196.75
1963/1969D All Eight Star Sets (83) -I- Each with the Same Last Two Numbers 196.75
SUPERB UNCUT SHEETS OF TWELVE
1935-C $1 Silver Certificates. Julian/Snyder. Superb Sheet=Only 100 Issued. Some were Cut up . 898.75
1928-G $2 Legal Tender. Clark/Snyder. Superb Sheet-=-Only 100 Issued. Now Rare 998.75
SPECIAL=_The Pair 1799.75
$1 "R" & "S" EXPERIMENTAL ISSUE
1935A Red "R" & "S" C Superb Crisp New Pair 169.75
Similar Pair-Crisp New-but not quite as well Centered 149.75
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1963 (12) $3.50 1963 (34) $7.95
1963A (12) 3.50 1963A (70) 14.95
1963B (10) 3.50 1963B (14) 4.00
1969 (12) 3.50 1969 (36) 7.95
1969A (12) 3.50 1969A (32) 7.95
1969B (12) 3.50 1969B (35) 7.95
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PAPER MONEY is published every other
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Society of Paper Money Collectors, Inc.,
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All advertising copy and corresponclenc.
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0 f icial Bimonthly Publication of
THE SOCIETY OF PAPER MONEY COLLECTORS, INC.
Vol. XV - No. 3
Whole No. 63 May/June 1976
BARBARA R. MUELLER. Editor
225 S. Fischer Ave.
Jefferson, WI 53549
Manuscripts and publications for review should be addressed to the Editor. Opinions
expressed by the authors are their own and do not necessarily reflect those of SPMC
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IN THIS ISSUE:
MEMBERS OF THE CONTINENTAL CONGRESS WHO SIGNED
—Joseph R. Lasser 119
THE FIRST BANK IN WISCONSIN
—Charles Kemp 1 28
KANSAS OBSOLETE MERCHANT SCRIP OF THE ELDRIDGE BROTHERS
S. K. Whitfield 130
BASIC PLATE AND OVERPRINT VARIETIES ON THE FIRST AND SECOND
CHARTER NATIONAL BANK NOTES
--Peter Huntoon 134
MILITARY PAYMENT CERTIFICATES/ALLIED MILITARY CURRENCY:
ARE THEY U. S. PAPER MONEY?
--Carlton "Fred" Schwan 140
SIR MOSES HAIM MONTEFIORE—"LOVER OF ZION"
Franz Frankl 141
FIRST CHARTER ONE -DOLLAR NATIONALS: PART IV
Howard W. Parshall 142
NEW LINE - INTAGLIO ROTARY CURRENCY PRESS AT THE BUREAU
--George W. Brett 144
A BANK OF NORTH AMERICA CHECK
—Richard T. Hoober 146
A SYNGRAPHIC SURVEY: THE U. S. CENTENNIAL AND
EXHIBITION OF 1876
M. Owen Warns 147
The Society of Paper Money Collectors, Inc.
SPMC CHRONICLE 157
—Harry G. Wigington ,,,,, „ „, „, 159
Cociety oif Paper Motel Cellecter4
President Robert E. Medlar
220 Alamo Plaza, San Antonio, TX 78205
Vice - President Eric P. Newman
6450 Cecil Ave., St. Louis, MO 63105
Secretary Harry G. Wigington
P.O. Box 4082, Harrisburg, PA 17111
Treasurer C. John Ferreri
P.O. Box 33, Storrs, CT 06268
PUBLICATIONS FOR SALE TO
One of the stated objectives of SPMC is to "encourage
research about paper money and publication of the re-
sultant findings." In line with this objective, the following
publications are currently available:
We have the following back issues of PAPER MONEY for
sale for $1.00 each. For orders of less than 5 copies at
one time, please include $0.25 per issue for postage. We
have only the issues listed for sale.
q Vol. 9, 1970,
q Vol. 9, 1970,
No. 3 (No. 35)
No. 4 (No. 36)
No. 1 (No. 37)
No. 2 (No. 38)
No. 3 (No. 39)
No. 4 (No. 40)
No. 1 (No. 41)
No. 2 (No. 42)
No. 3 (No. 43)
No. 3 (No. 44)
No. 1 (No. 45)
No. 2 (No. 46)
No. 3 (No. 47)
No. 4 (No. 48)
No. 1 (No. 49)
No. 2 (No. 50)
No. 3 (No. 51)
No. 4 (No. 52)
No. 5 (No. 53)
No. 6 (No. 54)
No. 7 (No. 55)
Barbara R. Mueller
Librarian Wendell Wolka
BOARD OF GOVERNORS
Larry Adams, Thomas C. Bain, Vernon L. Brown, Forrest W.
Daniel, 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 Wolka
When making inquiries, please include stamped,
Society Library Services
The Society maintains a lending library for the use of mem-
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the official Membership Directory available only to members
from the Secretary. It is updated periodically in PAPER
MONEY. For further information, write the Librarian-Wen-
dell Wolka., P.O. Box 366, Hinsdale, III. 60521.
The Society of Paper Money Collectors was organized 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 and holds its an-
nual meeting at the ANA Convention in August of each year.
MEMBERSHIP-REGULAR. Applicants must be at least 18
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must be from 12 to 18 years of age and of good moral char-
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Members of the A.N.A. or other recognized numismatic
organizations are eligible for membership. Other applicants
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will sponsor persons if they provide suitable references such
as well known numismatic firms with whom they have done
business, or bank references, etc.
DUES-The Society dues are on a calendar year basis and
are $8.00 per year, payable in U.S. Funds. Members who join
the Society prior to October 1st receive the magazines already
issued in the year in which they join. Members who join after
October 1st will have their dues paid through December of
the following year. They will also receive, as a bonus, a
copy of the magazine issued in November of the year in which
q Vol. 9, 1970, No. 1
q Vol. 9, 1970, No. 2
q Vol. 13, 1974,
q Vol. 13, 1974,
q Vol. 13, 1974,
q Vol. 13, 1974,
q Vol. 13, 1974,
q Vol. 13, 1974,
q Vol. 14, 1974,
Index Vol. 1-10
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q FLORIDA OBSOLETE NOTES & SCRIP $5.00
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WHOLE NO. 63
Paper Money PAGE 1 1 9
SPMC Bicentennial Feature
Members of the Continental Congress
Who Signed Continental Currency
By JOSEPH R. LASSER
ART of the charisma of collecting Continental and
Colonial currency stems from their written signa-
tures. Autographs of some signers of the Declara-
tion of Independence, the Constitution and other major
American documents are found on the bills, plus gover-
nors, generals, merchants, ministers, farmers, and of
course, many Tories. An extraordinarily wide range of
personalities affixed their names to these "bits of history."
It was, however, not until the publication of Early
Paper Money of America by Eric P. Newman in 1967
that a truly comprehensive view became available of the
scope of the signatures encompassed by paper money
of the colonial period, thereby making possible mean-
ingful efforts to identify the host of signers.
Not surprisingly, there are instances where the numis-
matic fraternity has erred in identifying the signers of
hills and, by repetition, the inaccuracies have become
accepted as fact. Some errors stem from the long-
honored custom of passing both a given name and a
surname from one generation to another. Most often
names are passed from father to son, leading to the use
of senior (Sr.) and junior (Jr.). but if a son drops the
identification "Jr." upon the death of his father, an
accurate attribution can become a problem for a re-
searcher two hundred years later. The possibility of
confusion becomes more pronounced if neither father nor
son has used the suffix "Sr." or "Jr.", and a more exotic
twist is added when identical names are carried by an
uncle and nephew or two cousins.
On occasion, a name may skip one or more gener-
ations, with a child being named in honor of an ancestor.
The inventor, Thomas Edison, bore the name of an
ancestral uncle, a minor functionary on the staff of the
Continental Congress. By plea and petition, the first
Thomas Edison secured the freedom of his imprisoned
aged Tory uncle, so that he could end his days in peace,
and a later generation of Edisons acknowledged its
Some identification puzzles do not stem from family
genealogies. Common surnames such as Smith, the use
of amanuenses to sign minor documents, signatures
employing only initials rather than full given names,
and archaic and illegible handwriting are some of the
In microcosm, the Continental Currency series illus-
trates the difficulties encountered in numismatic signa-
ture identification. The "names" of 12 members of the
Continental Congress are found on Continental Currency.
However, review of authenticated signatures on docu-
ments reveals that only nine Delegates actually signed
bills. Other uncertainties also are evident. Six signers,
or purported signers, have the same given name and
surname of other men of the Revolutionary period and
a seventh requires the identification of "Senior" or
"Junior." By comparing signatures on documents with
those on Continental Currency, it has been possible to
come to the following conclusions:
Continental Currency Signers Who
Were Members of the Continetal
Signature on Document
Signature on Currency
Signature on Currency
[rt-1 a ir
If al ' 1171011 26z7
Paper MoneyPAGE 120 WHOLE NO. 63
C.C. ISSUES SIGNED: 5/10/1775, 11/29/75
DOCUMENT SIGNATURE SOURCE: a 7/6/73 letter to
Pastor David McCleur
REASONS FOR MISIDENTIFICATION: Although it
was early in our national history, the Bayard family
was widely dispersed by the time of the American Revolu-
tion. The first members of the family came to the Colonies
with Peter Stuyvestant, who had married Judith Bayard.
A century later, there were Bayards in Pennsylvania,
Delaware, Maryland, and New York.
John Bayard was born in Bohemia Manor, Maryland,
and as a youth settled in Philadelphia. He apparently
was a cousin of the Lieutenant-Colonel John Bayard, a
Tory New Yorker who joined the British Army. He also
was an uncle of James Ashton Bayard, who became a
Representative and Senator from Delaware, and great-
uncle of James Ashton Bayard, Jr., who also became a
Senator from Delaware in 1851.
BIOGRAPHY: (8/11/1738 to 1/7/1807) A member of
the Continental Congress 1785-87, John Bayard was a
leading merchant of the city of Philadelphia. Early in
the Revolution, he joined the Sons of Liberty, and was a
member of the Pennsylvania General Assembly 1776-1779
and 1784, serving several terms as Speaker. During the
Revolutionary War, Bayard was Colonel of the Second
Regiment of Philadelphia Volunteers, participating in the
battles of Brandywine, Germantown, and Princeton. He
moved to New Brunswick, New Jersey, in 1788, and be-
came Mayor of that city in 1790; a few years later he
was appointed to his final public office, Presiding Judge
of the Court of Common Pleas of Somerset County.
GUNNING BEDFORD, JR.
Signature on Document
Signature on Currency
C.C. ISSUES SIGNED: 9/26/1778
DOCUMENT SIGNATURE SOURCE: a letter 12/17/1804
to his daughter Henrietta.
REASONS FOR MISIDENTIFICATION: Gunning Bed-
ford, Senior, was a cousin of Gunning Bedford, Junior.
Bedford, Sr., also was prominent in our early history, as
a delegate to the Continental Congress in 1786 and 1787,
and Governor of Delaware in 1796.
BIOGRAPHY: (1747-3/30/1812) Member of Continental
Congress 1783-1785. A Philadelphian, Gunning Bedford,
Jr., graduated from Princeton College in 1771, and shortly
thereafter commenced legal practice in Dover, Delaware.
During the War, for a short time he was an aide-de-camp
to George Washington. He was elected to the Continental
Congress in 1783, and was a delegate to the Federal
Constitutional Convention in 1787, signing the resulting
document. A Presidential Elector in 1789, and again in
1793, he ultimately became the United States Judge for
the District of Delaware on 9/26/89, a post which he
held until his death.
Signature on Document
C.C. ISSUES SIGNED: 2/17/1776 fractionals, 11/2/76,
DOCUMENT SIGNATURE SOURCE: letter 12/2/77
relating to war and ship movements.
REASONS FOR MISIDENTIFICATION: A Marylander,
Daniel Carroll had several cousins, including Charles
"Barrister" Carroll, and Charles Carroll of Carollton.
The latter was a signer of the Declaration of Independ-
BIOGRAPHY: (7/22/1730-5/7/1796) Member of the con-
tinental Congress 1780-84, Daniel Carroll also was a
WHOLE NO. PAGE 1 21Paper Money
signer of both the Articles of Confederation in 1781, and
the Constitution in 1787. Appointed a member of the
Commission to establish the District of Columbia and the
Federal City by President Washington in 1791, he not
only gave his time and talents to the task, but also
arranged to permit a portion of his farm to become part
of the site of the present city of Washington, D.C.
Signature on Document
("led!. 't O-
Signature on Document
C.C. ISSUES SIGNED: 11/29/75, 2/17/76, 5/9/76
DOCUMENT SIGNATURE SOURCE: in a letter 2/8/-
1787, Clarkson, as Commissioner of the Pennsylvania
Lottery, asks the legislature when he can proc,.,ed with the
REASONS FOR MISIDENTIFICATION: Another
Matthew Clarkson, a New Yorker, became President of
the Bank of New York in 1804. Signatures of the two
men are somewhat similar. Matthew Clarkson, the Phila-
delphian, however, died in 1800, eliminating the possibility
that the two men are the same, even though, clearly, they
were related. Both of the Matthew Clarksons who lived
during the late 18th century quite probably were
descendants of the Matthew Clarkson who was Secretary
of the Province of New York 1695-1708.
BIOGRAPHY: (4/17/33-10/5/1800) Elected to the Con-
tinental Congress in 1785, Mr. Clarkson did not accompany
the other Pennsylvania delegates to New York, and does
not seem to have served in the Congress, although he
accepted the responsibility of acting as a member of the
Philadelphia Board of Aldermen in 1789, and Mayor of
Philadelphia from 1792 to 1796.
C.C. ISSUES SIGNED: 9,'26/78, 1/14/79
DOCUMENT SIGNATURE SOURCE: a letter dated
5/29/1781, asking David Rittenhouse to pay Thomas
Nevill £200 for the repair of the Pennsylvania Statehouse.
BIOGRAPHY: (1752-1794) Member of the Continental
Congress in 1784 and 1785, Mr. Gardner was educated
as a physician, but during the Revolution raised a com-
pany of volunteers in 1776, and commanded the Fourth
Battalion of Militia from Chester County, Pennsylvania.
He was a member of the Supreme Executive Council of
the State in 1789, and, following his term as a member
of the Continental Congress, he returned to medicine in
Philadelphia 1785-1792, thereafter moving to Elkton,
Maryland, and continuing his medical practice until his
C.C. ISSUES SIGNED: 5/10/75
DOCUMENT SIGNATURE SOURCE: a letter 4/12/91,
in which Mr. Meredith asks the Court to achieve a settle-
ment on a suit on land that he and his partners have
BIOGRAPHY: (1741-2/10/1817) Member of Continental
Congress in 1787 and 1788, Meredith had an extensive
career as a military and civil servant in the early history
of the United States. Initially a merchant, Samuel
Signature on Currency
Signature on Currency
fiee--2- A ,v2)
Jonathan B. Smith Signature on Document Samuel Meredith Signature on Document
PAGE 122 WHOLE NO. 63
Signature on Currency
Meredith served in the Revolutionary War, successively as
Major, Lieutenant-Colonel, and finally Brigadier General,
winning the last appointment for "gallant service in the
Battles of Brandywine and Germantown." He was twice
a member of the Pennsylvania Colonial Assembly, a
surveyor of the Port of Philadelphia, and the first United
States Treasurer, serving from 9/11/1789 until 12/1/1801,
following which he retired to his home in Wayne County,
JONATHAN B. SMITH
C.C. ISSUES SIGNED: 5/10/75, 11/29/75, 2/17/76,
DOCUMENT SIGNATURE SOURCE: a letter 12/19/-
1777 to another military man; Mr. Smith tells of the
arrival of arms from France, including 48 cannon, 19
BIOGRAPHY: (2/21/1742-6/16/1812) Delegate to the
Continental Congress in 1777 and 1778, Mr. Smith was
part of the Philadelphia gentry. He enjoyed an English
education, was graduated from Princeton College in 1760,
and married Suzannah Bayard—thereafter adopting
Bayard as his middle name. In addition to being a dele-
gate to the Continental Congress, his public service
consisted of the secretaryship of the Philadelphia
Committee of Safety in 1775-77, Justice of the Court of
Common Pleas in 1778, Philadelphia alderman 1792-94,
and Auditor-General of Pennsylvania in 1794. He also
was a significant figure in the field of education. One of
the founders of the University of the State of Pennsylva-
nia in 1779, Meredith served as trustee of the successor
University of Pennsylvania following its formation in
1791 until his death in 1812.
Signature on Currency
C.C. ISSUES SIGNED: 2/17/76, 9/26/78, 1/14/79
DOCUMENT SIGNATURE SOURCE: a letter, 12/3/75,
from Boonsborough, to Joseph Martin, asking Governor
Martin to approve to Colonel Hart's use of the Valley of
Boonsborough for food.
REASONS FOR MISIDENTIFICATION: John Williams,
a North Carolinian, was a member of the Continental
Congress, but Jonathan Williams, a nephew of Benjamin
Franklin, conceivably also could have been a signer of
Continental Currency. Jonathan Williams, however, went
to France as secretary to Benjamin Franklin in 1770 and
did not return to the United States until 1785.
BIOGRAPHY: (3/14/1731-10/10/1799) Member of the
Continental Congress 1778 and 1779, John Williams was
born in Hanover County, Virginia, and at the age of 14
moved to Granville County, North Carolina with his
parents. He was an attorney, one of the founders of the
University of North Carolina at Chapel Hill, and a dele-
gate to the Provincial Congress of North Carolina in
1775. Mr. Williams was a member of the State House of
Commons in 1777 and 1778, and served as its Speaker.
Following his service in the Continental Congress, he be-
came Justice of the Supreme Court of North Carolina
from 1779 until his death in the fall of 1799.
WHOLE NO. 68 RAGE 128Paper Money
John Williams James WilsonSignature on Document Signature on Currency
Signature on Document
C.C. ISSUES SIGNED: 4/11/78, 1/14/79
DOCUMENT SIGNATURE SOURCE: a letter 7/25/76,
asking Congress to compensate Major Butler for his ser-
vices in the Indian Department.
REASONS FOR MISIDENTIFICATION: The signature
of James Wilson has caused the greatest controversy
among all of the autographs in the Continental Currency
series. The Wilson signature not only is rare, but it is
of special interest because he is the only signer of both
the Declaration of Independence and the Constitution who
also signed Continental Currency.
The genuine James Wilson signatures on documents or
currency have two very prominent characteristics. The
letter "J" in James is written in a manner that closely
approximates a script capital letter "I"; the top of the
letter "J" is rounded; it does not come to a sharp peak,
and the lower loop is almost nonexistent. The "W" in
Wilson is angular, and the two downstrokes employed in
. • ,:,1,,,,,.t•ix.:1-
,t•v;.he re- .„
in • -
Signature on Currency
Joseph Wilson C.C.
creating the base of the letter "W" come to sharp points;
in addition, the final upstroke used to complete the letter
"W" often is very long and swings over the "s" in Wilson.
A final, but not necessarily conclusive characteristic,
is that Mr. Wilson either signed his full name, James, or
used the abbreviation, "Jas.", on all the Continental Cur-
rency bills that the author has seen. It may be that
James Wilson bills exist which carry only the initial "J",
but none has come to the author's attention.
Some 1/14/1779 Continental Currency has been signed
by a Jas. Wilson, but, barring a better explanation, it
appears that the prominent James Wilson permitted an
amanuensis to sign some Continental Currency. The
handwriting on the amanuensis bills is much more rounded
and far less angular than any genuine signature.
The signature "J. Wilson" also appears on 4/11/78 and
9/26/78 Continental Currency emissions. These bills were
signed by Joseph Wilson, who was appointed by the
Continental Congress on 8/14/78. The "J. Wilson" (Joseph
Wilson) signatures are distinctive in that the top of
the letter "J" comes to a peak, and the lower loop of the
"J" is consistently quite large, and very often the two
letters, "J" and "W", are formed without lifting the pen,
thereby clearly distinguishing this signature from that
of James Wilson.
BIOGRAPHY: (9/14/1742-8/28/98) Member of the Con-
tinental Congress 1775-1776, 1782-1783, and 1785-87,
James Wilson emigrated to the United States from Scot-
land in 1765, initially living in New York City. In 1766,
he moved to Philadelphia, where he became a tutor at the
College of Philadelphia. Following the study of law, he
was admitted to the bar in 1767. Active in pre-Revolu-
tionary movements, Mr. Wilson was elected Colonel of
the Fourth Battalion of Associators in 1775, and becam'
Advocate-General for France in America, guiding that
country's earliest legal relationships with the United
Colonies. He also was a Brigadier-General of the State
Militia, a signer of the Declaration of Independence, and
a delegate to the convention which devised the Federal
Constitution. In addition, Wilson was responsible for
outlining the first financial system of the United States
in 1780, and was Associate Justice of the United States
Supreme Court from 1789 to 1798. An extraordinarily
capable attorney, he also enjoyed the distinction of be-
coming the first professor of law in the University of
Pennsylvania in 1791.
Continental Currency Signers Who
Were Improperly Identified as
C.C. ISSUES SIGNED: 2/17/76, 5/9/76, 7/22/76, 4/11/78
DOCUMENT SIGNATURE SOURCE: a social letter
4/22/85 to General Gates.
REASONS FOR MISIDENTIFICATION: General John
Eager Howard, a Marylander, was a distinguished soldier
and civil servant, participating in the battles of Brandy-
wine, White Plains, Germantown, etc. He also was the
Governor of Maryland from 1789 until 1792, and a U.S.
The signature comparison illustrated here clearly shows
that the John Howard who signed Continental Currency
was not General John Eager Howard. The distinguishing
features of the autograph of the Continental Currency
signer are the boxlike loops employed to start both the
letters "J" and "H", and an additional, very distinctive
characteristic is that the final "d" of Howard always has
the upper loop ending in an horizontal flourish rather than
descending vertically. The Continental Currency signer
John Howard at times affixed his signature as "J.
Signature on Document
Signature on Currency
Howard," and in a number of instances his signature
appears to be much more vertical than the example
illustrated, but all of the "J. Howard" or "John Howard"
signatures are variations written by the same man at
C.C. ISSUES SIGNED: 5/20/77
DOCUMENT SIGNATURE SOURCE: a request 3/29/-
1787, in which Mr. Kean, in his role as Commissioner of
the Treasury of the State of South Carolina, asks Mr.
Peter Bocquet to pay Alexander Chisholm.
REASONS FOR MISIDENTIFICATION: John Kean, a
South Carolinian, was a member of the Continental Con-
gress in 1785-87, and was appointed by President Wash-
ington to become Cashier of the Bank of the United
States in Philadelphia. He remained at the Bank from
the date of its organization until his death on 5/4/1795.
The two illustrated signatures show very clear
distinctions. John Kean, the Cashier, formed the first
letter of his surname in a very conventional way.
Although elaborate, the left side of the letter "K" was
formed by two flourishes and a downstroke, and the right
side of the letter "K" was formed with a single stroke
descending downward, looping, and then continuing down-
ward to complete the letter. By contrast, J. Kean (and
we do not know his first name) formed the "J" and all
of the left side plus the top of the right side of the letter
"K" with a single stroke of the pen. He completed the
PAGE 1 24 WHOLE NO. 63
Signature on DocumentJ. Kean Thomas Smith Signature on Document
Signature on CurrencySignature on Currency
Paper MoneyWHOLE NO. 63 PAGE 125
letter "K" by placing his pen at the center of the preced-
ing upstroke and swinging downward to complete the right
lower leg of the "K"; then he simply continued the re-
mainder of his signature without lifting his pen.
C.C. ISSUES SIGNED: 12/11/75, 3/9/76
DOCUMENT SIGNATURE SOURCE: Congressman
Smith's acknowledgement that he has received his pay
from Congress as of 2/7/1782.
REASONS FOR MISIDENTIFICATION: There were at
least two Thomas Smiths in Philadelphia during the
Revolutionary period. Thomas Smith, the Continental
Currency signer, never was a member of the Continental
Congress, but he did play an active role in the financial
aspects of the Revolutionary period. He was Commissioner
of the Loan Office of the Continental Congress for the
Colony of Pennsylvania; he countersigned many of the
loan certificates signed by Francis Hopkinson as Treasurer
of Loans for the United States, and he also countersigned
a number of the Pennsylvania David Rittenhouse notes
of the early 1780s. The Historical Society of Pennsylvania
also has been able to determine that this Thomas Smith
was a brother of Jonathan Bayard Smith.
Thomas Smith, the member of Continental Congress
from 1780-82, was an emigree to the United States from
Cruden, Scotland. An attorney, he held both military
and civil posts from 1773 until his death in 1809.
The Thomas Smith signatures show marked differences.
"Thomas", the member of the Continental Congress,
formed the initial "T" of his first name quite angularly,
and did not show an almost "J"-like script lower loop, as
did "Commissioner" Thomas Smith. By contrast, Con-
gressional member Thomas Smith began the letter "S"
in his surname in a conventional slanting upward stroke
to form the first loop of the "S"; while "Commissioner"
Smith either allowed his pen to flow immediately into
the formation of the letter "S" if he had employed the
initial "T" rather than his full name in writing his
signature, or, alternatively, he formed a relatively small
top loop to the "S" in Smith, creating almost an "L"-like
initial configuration. In addition, "Commissioner" Thomas
Smith rarely crossed his "t"s, while Congressional mem-
ber Smith customarily did so.
LTHOUGH extensive research has been undertaken
to assemble the data and reach the conclusions
that have been set forth in this article, it is pos-
sible that it is incomplete. No numismatist or historian
as yet can be certain that all of the signers of Continental
Currency have been found and identified. On April 21,
1777, upon the imminent departure of the Continental
Congress from Philadelphia, Michael Hillegas, the then-
Treasurer of the United States, was given the authority
to appoint and certify signers of Continental Currency.
Congress did not again act to appoint currency signers
until August 8, 1778, after its return to Philadelphia. In
the interim, Mr. Hillegas apparently appointed at least
58 men to sign currency, but the Hillegas records have
been lost and no one has a definitive list of these signers.
It is possible, although only remotely so, that Mr. Hillegas
t(7 .. /oil
printers, Stationers Zcfrtlingrapliers,
Paper Money WHOLE NO. 63PAGE 126
gave the power to one or more members of the Continen-
tal Congress to sign Continental Currency, and some time
in the future, a collector may find a previously undis-
covered signature of a member of Continental Congress
on Continental Currency.
Although this essay is original, having been developed
from primary sources, the author gratefully acknowledges
his indebtedness to Mr. Harley L. Freeman for a portion
of Mr. Freeman's research materials and to Mr. Eric
Newman, whose Early Paper Money of America and other
numismatic writings relating to the Colonial period have
made possible the detailed study contained herein.
Biographical vignettes were obtained from The Bio-
graphical Directory of the American Congress, United
States Printing Office, 1971; and Appleton's Cyclopaedia
of American Biography, D. Appleton and Company, New
Check Sample of Famous Stationer
The George F. Nesbitt & Co. firm of stationers is well
known to philatelists as the printers of the first U. S.
stamped envelopes (1853-70). Nesbitt was an aggressive
businessman and even presumed to put his own seal on
the flaps of the government envelopes until ordered to
stop doing so. Recently an attractive check-like adver-
tising flyer dated Nov. 20, 1857 surfaced and is illustrated
here. The printing is in red. The paper is red; the
background portrait (Franklin?) is in pale green, as
are the lines radiating out from it.
U. S. COLONIAL CURRENCY
Of The Era Of
• LAND GRANTS
• LOTTERY TICKETS
• SOLDIERS' PAY SCRIP
Inquiries or want lists are respectfully solicited.
We Are The COLLECTORS' DEALER.
J. J. TEAPARTY
43 BROMFIELD ST. BOSTON, MA 02108
A. KOSOFF, Inc.
P.O. BOX 4009, PALM SPRINGS, CALIF. 92262
GUILD • IP"
Large Size U. S. Currency Fractional Currency
$ 5.00 F-2 F-VF $850.00
5.00 F-3 Good 475.00
$ 10.00 F-6 Very good 725.00
10.00 F-7 Fine $750.00. VG-F 575.00
LEGAL TENDER NOTES
$ 1.00 F-19 New, slight soil 200.00
VF $85.00. VG
1.00 F-36 CU, 4 consec. @ 42.50. AU 27.50
1.00 F-40 New $90.00. F-VF 27.50
$ 2.00 F-41 Abt XF 175.00. VF 150.00
2.00 F-43 XF 300.00. F-VF 150.00
2.00 F-60 New, 4 consec. @ 45.00. AU 30.00
VF $25.00. VG 10.00
$ 5.00 F-67 AU 150.00. Abt AU 125.00
5.00 F-88 New 70.00. VF 20.00
5.00 F-91 New 50.00. AU 40.00
XF, one slightly soiled, another folded but nice
@ 30.00. VF 17.50
$ 10.00 F-110 Crisp VF-small repair 75.00
10.00 F-118 XI' 180.00
10.00 F-123 XF. Rare Jackson Note 525.00
$ 20.00 F-128 XF. Very nice note 550.00
20.00 F-147 F-VF Popular note 80.00
$ 50.00 F-150 VG-F Repaired 700.00
50.00 F-164 Crisp AU, old center fold, nice 750.00
COMPOUND INTEREST TREASURY NOTES
$ 20.00 F-191 VF 2800.00
$ 1.00 F-224 New. Popular Educational Series
AU crisp, very small stain 210.00
XF crisp, folded, stains but nice 160.00
1.00 F-237 New, curls $32.00. AU crisp 20.00
XF 17.50. VF 14.00
$ 2.00 F-247 CU. Small corner tear 800.00
New, slight curl clip 700.00
2.00 F-248 Another Popular Educational Series Note XF 350.00
VG $250.00. Good 100.00
$ 5.00 F-282 AU 260.00. VF 155.00
$ 10.09 F-294 Abt XF 275.00
$ 20.00 F-318 Abt VF 160.00
$ 1.00 F-347 1890 VF 200.00
2.00 F-353 1890 Good, Rare 100.00
2.00 F-358 Abt Uncirculated 275.00
NATIONAL BANK NOTES
$ 5.00 F-602 Blue Seal N.B. of Chic. #4605 XF 150.00
$ 10.00 F-616 Mechanics & Metals N.B. of N.Y. City. New
$ 20.00 F-658a Series of 1902 seal and without "1902-1908" on
back. 3rd Issue. The Bank of America Nat'l
Assoc. N.Y. One of the last charters #13193.
First note. (#1 at lower left & upper right)
$ 10.00 F-1187 1922 New $225..00. XF-AU 155.00
VF 90.00. Fine
$ 50.00 F-1200 AU 385.00. VF 175.00. G 80.00
$100.00 F-1209 1882 XF-AU 525.00
VF 450.00. VG 175.00
California Residents add 6% Sales Tax.
All items subject to prior sale and change of price without
1 FREE ON REQUEST X.:.
COMPLETE PAPER MONEY LIST X
3c NOTES-3rd Issue
F-1226 New Block of 4. Folded between notes.
Clean and crisp $150.00
VF Vertical Strip of 3
F-1226 New $30.00 AU $25.00 XF 20.00
VF $12.50 F 6.50 VG 5.00 G
5c NOTES-1st Issue
F-1228 New. Top & left imperf. Scarce
New $55.00 AU
F-1230 New 20.00 AU 17.50 XF 12.50
VF $10.00. F. 8.00. VG
6.00 Poor 4.00
F-1232 VF-XF ERROR. Block of 4. Gutter on Rev. due to fold
while printed. Folded between notes 70.00
XF Vertical pair. Crisp, folded betw. notes 35.00
CU 35.00. AU 25.00 XF 17.50 VF 12.00
5c NOTES-3rd Issue
F-1236 New. Rare as a Pair, Vertical 120.00
New $55.00 New, ink smudges from Rev. 52.50
30.00 AU 25.00 XF 20.00 VF 15.90
Fine 6.00 Good 4.00 Poor
10c NOTES-1st Issue
F- 241 New $47.50 AU 32.50
F-1242 New 30.00 AU
XF $15.00 VF $8.00 F 6.00
10c NOTES-2nd Issue
F-1244 New ...25.00 AU 17.50 VF-XF ....12.50 VF 10.00
F-1246 ERROR Bronze 10 and surcharge inverted. RARE 150.00
10c NOTES-3rd Issue
F-1253 New. Rare note 57.50
XF Lower left corner off, slight curls 40.00
F-1255 New 25.00 AU 20.00 XF 15.00
VF 12.50 F 7.50 VG 4.00
10c NOTES-4th Issue
F- 57 New 25.00 AU 15.00 XF 12.00
VF 9.00 F 6.00 G
10c NOTES-5th Issue
F-1266 New 25.00 XF 15.00 VF-XF 12.50
VF 10.00 F 6.00 VG 5.00
15c NOTES-4th Issue
F- 67 New 50.00 VF 22.50 Fine 12.60
F-1271 XF Nice note 30.00
25c NOTES-1st Issue
F-1279 New. Scarce 80.00
F-1281 New 50.00 XF 35.00 AXF 32.50
VF 25.00 Fine 20.00
25c NOTES-2nd Issue
F-1283 New $28.00 AU 22.00 VF 17.50
F-1286 New 32.50 XF 22.50 VF 17.50
25c NOTES-3rd Issue
F-1294 New 32.50 AU 25.00 XF 20.00
Abt XF 17.50 VF 12.50
F-1298 New 57.50
F-1299 New. Very Rare 700.00
XF. Old center fold 550.00
F-1312 1st Issue. New 55.00. AU 40.00
XF 55.00. VF 22.50
F-1322 2nd Issue AU, sm hole ....62.50 XF ....50.00 VF 40.00
F-1328 3rd Issue New 57.50 AU 50.00
XF 45.00 VF 35.00
F-1344 3rd Issue AU, Scarce
WIDE SELECTION OF SPECIMENS
**:* FREE ON REQUEST
COMPLETE FRACTIONAL CURRENCY LIST
Paper Money WHOLE NO. 63
Reproduction of the original Lewis painting of the Treaty of Prairie du Chien
The First Bank in Wisconsin
Its Use of the Treaty of Prairie du Chien
on Its Notes
By CHARLES KEMP
The Bank and Its Notes
WHEN the first bank in Wisconsin was authorized,it was the legislature of Michigan Territory that
issued the charter. At that time, 1835, the area
now known as Wisconsin existed only as a part of
Michigan Territory and it was not until 1836, when
Michigan was admitted to the Union as a state, that
Wisconsin achieved separate territorial status.
Although the bank was chartered prior to this, it was
called The Bank of Wisconsin and was located at Astor.
This was a "town" platted by John Jacob Astor and its
lots were owned mainly by speculators. The adjacent
town of Navarino was referred to, with Astor, as Green
Bay. Eventually the two grew into the city of that name.
Soon two other banks joined the struggle of banking
on the frontier. The difficulties quickly proved too much
and by 1837, all three had ceased specie payments. The
Bank of Wisconsin, in fact, did very little business; as
in January 1837, it reported that although its capital
had been paid up in 1835, it had not commenced business
as of late November 1836.
So in 1837. there was much concern over the bank's
condition and the legislature appointed a committee to
look into the matter. Evidently they did not take a very
hard look, as they reported the bank to be sound and
solvent. This was obviously over-optimistic, and within
a few months the bank's notes were quoted at 50%,
even lower than some of the notorious Michigan wild-
The bank continued on until late 1838, at which time
its notes reached a low of 30c on a dollar. At this point,
the cashier dispatched a letter to the legislative committee
in an attempt to explain the bank's failure to resume
specie payment. The reasons he listed undoubtedly
plagued many a western banker of the time; the overall
financial condition of the country in 1837, of course,
contributed, but poor agricultural conditions around
Green Bay and the resulting lack of exports was also a
factor. The inability of the bank's debtors to pay was
also coupled with "stay" laws giving them immunity
under the adverse conditions then present.
In January 1839. the legislative committee decided to
take another look at the bank's books and to be a bit
more careful in its conclusions. The bank was rumored
to have $300,000 of its notes in circulation and only
$20,000 in capital. An investigation, however, showed
that it was not so bad off; paid-in capital was found to
be $39,125; specie on hand $29,242, versus a circulation
of $196,279. This amount, however, exceeded the limits
Paper Money PAGE 129WHOLE NO. 63
$10 Bank of Wisconsin note with Treaty of Prairie du Chien vignette at upper left
set forth in the charter, which allowed a circulation of
only three times the amount of capital paid in over and
above specie on hand.
In March 1839, the attorney general was ordered to
start closing proceedings and soon Wisconsin's first bank
was extinct. Besides unredeemed notes, there were sup-
posed to be $198,000 in unissued notes left behind. Most
of these must have been destroyed, as they are not com-
HE 5, 10, and 20 dollar notes all had the same
central vignette, which was a most appropriate
scene for a Wisconsin bank. Adapted from a
painting by James Lewis, it represents the signing of the
Treaty of Prairie du Chien.
Prairie du Chien I along the Mississippi River in the
southwest part of the state) was also one of the first
settlements in Wisconsin. In 1825, 1829 and 1830,
Indian treaties were signed there, the most important of
which was that of 1825, and this is the one on which
the bank note vignette was based.
Beginning on August 5, 1825, and lasting for 14 days,
the event drew the chiefs of the seven major tribes in the
area and thousands of other Indians who pitched their
wigwams in every available space. Many of these tribes,
such as the Sioux and Chippewa, were in a continual
state of war, and the object of the treaty was to establish
peaceful territorial boundaries between them.
Representing the United States at Prairie du Chien
were Governor Lewis Cass of Michigan and General
William Clark of Missouri. Cass was a very successful
treaty-maker as well as a highly respected statesman.
Clark, of course, was famous for his part in the Lewis
and Clark expedition. In 1825, he was superintendent
of Indian affairs at St. Louis. Through the efforts of
these men, the treaty was successfully concluded and the
Indians agreed to live in peace—at least until the next
time they went on the warpath!
LTHOUGH the ensuing peace may not have been
a lasting success, this was a major treaty and for
that reason, James Otto Lewis was present. Be-
tween the years 1823 and 1834. Lewis was employed by
the federal government to paint Indian portraits, and so
it was in this official capacity that he painted the Treaty
of Prairie du Chien.
Lewis was born in 1799 at Philadelphia and by the
age of 16, he had found employment as an engraver.
Further information on his life is sketchy. However, it
is known that he made his way west and also followed
the engraver's trade at St. Louis. Later he settled in
Detroit, doing portraits and also some copperplate
When Lewis died at New York City in 1858, he had
painted more than 85 Indian portraits; many of these
were published in 1835 in "The North American
Aboriginal Portfolio." This collection is available in the
Burton Historical Room of the Detroit Library. How-
ever, none can be identified as having appeared in bank
Buley, R. C.—The Old Northwest, Vol. 2.
Gregory, John G. (Editor)—A History of Old Crawford
County, Vol. 1.
Knox, John Jay—A History of Banking in the United
Who Was Who In America, Historical Volume 1607-1896
Wisconsin, A Guide to the Badger State, Federal Writers
r111,111) iiitr .1 —I . . 3
011 Drmanty ox &. ELDRIDCE BROTHERS,
EM'' ILIE BROTHERS
41,-, 4 ELDRIDCE BROTHERS,
1rk5A, uv Tiet)
Paper MoneyPAGE 130
Obsolete Merchant Scrip of the Eldridge Brothers
By S. K. WHITFIELD
$1.00 note payable "in gold" issued by the Eldridge Brothers during the territorial period in
Kansas. The stagecoach vignette probably refers to the Eldridge stagecoach line. (Whitfield
The design for the 25c, 50c, $2.00, and $3.00 notes varied slightly from the $1.00 design in the
vignette at left. (Kansas State Historical Society Collection)
WHOLE NO. 63
THE FOUR Eldridge brothers, Shalor W., Edwin S.,Thomas B., and James M., emigrated west in 1855
to manage the hotels of the New England Emigrant
Aid Society at Kansas City, Missouri and Lawrence,
Kansas.* At that time Kansas and particularly the area
around Lawrence was the scene of a bitter struggle over
the slavery question. Hatred and vengeance were the
order of the day and just then, the pro-slavery faction
based at Lecompton had the "law" on their side.
Shalor Eldridge would later become associated with the organiza-
tion of the Lawrence Bank. Thomas established a bank at Coffeyville,
Kansas which failed in September, 1877. Thomas was also involved
with the chartered Bank of Wyandott, which never opened.
The hotel at Lawrence, an imposing stone structure
in an otherwise drab village, was completed and fur-
nished by May, 1856 but the grand opening was in
jeopardy. The pro-slavery grand jury at Lecompton
had indicted the new Free State Hotel and the two
newspapers at Lawrence as dangerous nuisances. With-
out waiting for a trial of the indictment, on May 21,
1856 the pro-slavery Kansas militia, mostly raised in
Missouri, led by Douglas County Sheriff Samuel J. Jones,
a postmaster from Missouri, rode into Lawrence and
destroyed the hotel. They fired cannons at its stone
walls, tried to blow it up with gunpowder, and finally
settled for burning it down. One version has it that
former U. S. Senator David R. Atchison from Missouri
Paper MoneyWHOLE NO. 63 PAGE 1 3 1
The Eldridge House as it appeared in 1863, shortly before Quantrill's raid on
This sketch of the ruins of Lawrence after Quantrill's raid appeared in "Harper's
Weekly Magazine" in 1863. The Eldridge House is at the right.
personally aimed the first cannon shot, but the free use
made of the hotel's liquor cellar had apparently dimmed
his vision since the shot completely missed the three-
story hotel from a distance of about 75 feet. The news-
papers were destroyed and the town was sacked.
The population had offered no resistance since the
"Militia" had come to Lawrence under a Federal Marshal
to arrest some of the Free State leaders, also indicted
by the grand jury. Once the arrests were made, the
Marshal, instead of dispersing the men as promised,
turned them over to Sheriff Jones. The Sheriff had a
personal grudge against the town, as he had been bested
on several previous occasions by the citizens of Lawrence
and once had been wounded by an unsuccessful assassin
at Lawrence. Jones now had his chance for revenge and
he took advantage of it.
It was a short-lived victory for the pro-slavery forces
however, as the widespread publicity of the sack of the
defenseless town did much to revive the then-declining
support for the Free State cause. Money and settlers
from the north began pouring into the territory.
The Eldridge House, as it appeared in 1898. Opened in 1865, this building was
torn down in 1924 and replaced with the present-day Eldridge House.
WHOLE NO. 6Paper MoneyPAGE 132
Shalor Eldridge was determined to rebuild the hotel,
so he set about raising the necessary capital. It took
awhile but finally a new hotel, bigger and more luxurious
than the former, was erected at the same spot and opened
to the public on Jan. 1, 1859. The new hotel was called
the Eldridge House. Meanwhile, brother Edwin had
bought an interest in the Morrow House of Robert
Morrow at Lawrence, and the brothers had started a
stagecoach line in eastern Kansas.
Sometime in 1858, the Eldridge Brothers had an issue
of scrip printed by the Herald of Freedom Print, a news-
paper at Lawrence. The notes are unusual in that they
are the only known obsolete currency issued in Kansas
that specifically state "redeemable in gold." They are
also the only known issue of merchant scrip made during
the territorial period in Kansas. It appears that the
$1.00 notes were printed first, as they have no maker's
imprint, whereas the 250, 500, $2.00 and $3.00 notes
have "Herald of Freedom Print" on them. The $1.00
note also has a slightly different design than the other
denominations, which are all identical. The notes are
very rare, with a total of seven known to the writer.
The Kansas State Historical Society has a complete set,
probably acquired when the papers of the Herald of
Freedom Print were donated to the Society. The writer
has a 50¢ and a $1.00 note which turned up in some old
papers at Lawrence in 1973.
The issue may have been a result of the financial crisis
of 1857, which had further aggravated an existing specie
shortage in Kansas. It is also possible that the notes
were issued to raise money for furnishing the new hotel
being constructed. Shalor Eldridge was also one of the
original organizers of the Lawrence Bank, which had
some problems getting into operation, and he may have
issued these notes as a substitute interim currency.
There are no known signed copies of these notes, which
is to be expected since they were redeemable and the
firm was sound.
The hotel was completely destroyed a second time on
August 21, 1863, when William Clarke Quantrill's raid-
ers burned the town and killed more than 150 citizens.
The Eldridges again decided to rebuild, and the third
Eldridge House, erected at the same location as the for-
I I \ lif:(111.r
mer, was opened for business in December, 1865. The
new hotel was not so lavish as its predecessor because
of the large financial loss. The state eventually paid
Shalor Eldridge $1,500 against his $60,000 loss claim.
The Eldridges built other hotels at Atchison, Coffey-
ville and Kansas City, Kansas. Shalor lost his money
in the depression of the 1870's, did some gold prospec-
ting in Arkansas, and finally lived out his remaining
years in Lawrence. He died in 1899.
The 1865 Eldridge House was torn down in 1924 and
replaced by the present hotel. This hotel is still known
as the Eldridge House, an important name in the pioneer
history of Kansas.
1. Recollections of Early Days in Kansas; Shalor W.
Eldridge, Vol. II of Publications of The Kansas State
Historical Society 1920
2. History of Kansas; Cutler, Andreas, Chicago 1883
3. Collections of the Kansas State Historical Society
Spinner Signatures Sold
Included in the Wm. P. Donlon mail bid sale of Nov.
26, 1975 were ten letters and covers related to Francis E.
Spinner, first Treasurer of the U. S., and he of the
unique signature. (See Brent Hughes' article on Spinner
and his signature in PAPER MONEY No. 59) The following
descriptions and prices realized are taken from the
SPINNER'S LONGHAND LETTER on stampless cover ad-
dressed to R. E. Pomeroy, Esq., Mohawk, N.Y., and pertain-
ing to "a package containing the balance of the notes," Dated
August 27, 1848, at New York, during Spinner's term as
U.S. Treasurer $ 70.00
SPINNER LONGHAND LETTER apparently delivered by mes-
senger to R. E. Pomeroy, Esq. and stating that he (Spinner)
had just finished signing "circulating notes as follows." The
communication lists $7200 in notes. Dated at New York,
Dec. 25, 1846 35.00
STAMPLESS COVER with Spinner's longhand letter and state-
ment to Pomeroy pertaining to Mohawk Valley Bank matters
and stating "I have forwarded you by messenger of Plate
11,800 impressions from No. 2536 to 3335 both inclusive,
$1600." Evidently pertaining to $2.00 notes. Dated, New
York, Nov. 13, 1848 40.00
STAMPLESS COVER addressed to F. E. Spinner, Cashier of
the Mohawk Valley Bank. Dated Bank of Central N.Y.,
Utica, Oct. 28, 1841, pertaining to enclosure for collection
Apparently delivered by messenger 18.00
FRANKED ENVELOPE by F. E. Spinner, Treasurer, U.S ,
postmarked "FREE" Aug. 13, 1869 at Washington, and con-
taining Order to transfer $15,000 to Adams Express Co. Ad-
dressed to First National Bank at Cooperstown, N.Y. 55.00
ENVELOPE ("Treasury of the United States" franked by F. E.
Spinner, addressed to First National Bank, Cooperstown. Also
F. E. Spinner's memo on a card requesting bonds be purchased.
Card is contained in the envelope but is not believed to be the
original contents. Card is dated Dec. 29, 1873. Envelope
postmark not legible 40.00
SPINNER LONGHAND LETTER addressed to The Board of
Directors of the Mohawk Valley Bank: "Gentlemen: On my
coming here in August 1845, it was arranged that Mr. Noyes
as Teller should receive a salary of $400. and Mr. Pomeroy
as Bookkeeper a salary of $350." The letter continues to state
that while Mr. Noyes' salary had been increased $100, Mr.
Pomeroy had an increase of only $50. Mr. Spinner considered
this an injustice. Interesting letter delivered by messenger 70.00
FRANCIS E. SPINNER, Sheriff. Two longhand communica-
tions addressed to Spinner, Sheriff of Herkimer County, N.Y.
One is a stampless cover, dated 13th January, 1836. The other
a longhand two-page document delivered to the Sheriff in-
structing him to levy on property of one John J. Welcome
to collect $97.48. Two items 35.00
FIVE SPINNER ITEMS. Draft by the Mohawk Valley Bank
to the American Exchange Bank, N.Y. dated May 19, 1854,
signed by Spinner. Also personal check of Spinner's signed
by him, a check of John P. Spinner, both dated 1839. An-
other check in Spinner's handwriting signed "Cashier Ac-
count," and a small card with F. E. Spinner's autograph
Lot of 5 pieces 105.00
INVITATION TO COLONEL F. E. SPINNER to attend the
Washington Ball to be held Feb. 22, 1832 at F. Tibbit's Hotel
in the Village of Rome. Dinner tickets $3.00 "per couple"!
"The Utica Band will volunteer its aid in the Celebration." A
second blank invitation is included. The invitation to Spinner
was apparently delivered by messenger. Two letters to Spin-
ner are included, one pertains to counterfeit notes. Lot of
4 pieces 40.00
NORTH CAROLINA PAPER MONEY
I need North Carolina colonial and continental
notes and obsolete North Carolina bank notes.
I have many North Carolina duplicates that I
will trade for North Carolina items that I need.
Please write for my detailed want list.
CHARLES F. BLANCHARD
P. 0, DRAWER 30, RALEIGH, N. C. 27602
WHOLE NO. 63 PAGE 133
PAGE 134 WHOLE NO. 63Paper Money
Basic Plate and Overprint Varieties on the First and
Second Charter National Bank Notes
By PETER HU NTOON
$5 Series of 1875 National Bank Notes showing some basic features.
A SIDE from the infinite variety of engraved layoutsused to print the bank titles on First and Second
Charter notes, several different basic plate and
overprint varieties evolved. Of most interest are the $5
denominations which offer a cornucopia of varieties not
found on the other denominations of the respective se-
ries. It seems that the fives served as the experimental
proving grounds for many ideas generated by the Bu-
reau of Engraving and Printing as the designs for the
First and Second Charter periods matured.
First Charter Notes
The Act of February 25, 1863 authorized the issuance
of National Bank Notes in denominations of $5, $10, $20,
$50, $100, $500 and $1000 denominations. The $1 and
$2 denominations were added to this list by the Act of
June 3, 1864. The designs for these notes were engraved
by private bank note companies as shown in Table 1.
An imprint containing the manufacturer's name appears
in the lower border of each note. The bank note com-
panies also contracted with the Treasury to print the
notes from the finished plates except for the Treasury
seal and Treasury serial, which were affixed at the Trea-
sury. It is interesting to point out that engravings by
different bank note companies were incorporated on a
single printing plate such as the 1-1-1-2 plate combination
which utilized American Bank Note Company $1's and
the National Bank Note Company $2.
The Act of March 3, 1875 called for the Secretary c -c
the Treasury to oversee the printing of National Bank
Notes on the same distinctive paper then used for
United States Notes. Simultaneously in 1875, the Bu-
reau of Engraving and Printing assumed the responsi-
bility for printing the faces of all the National Bank
Notes. The backs continued to be printed by the private
companies until as late as 1877. The departure in cus-
toms initiated in 1875 appears to have been a call for a
new series designation. The Bureau of Engraving and
Printing had definitely enjoyed a coup in having at least
the face printing assigned to them, and they indicated
their pleasure by adding an imprint with the words
"Printed at the Bureau of Engraving and Printing, Trea-
sury Department" on all of the face plates used to print
Series of 1875 notes as shown in Table 2.
,„ ion s or
COM • •P' ) imprint tYi2tije'---
- • . s s(JITK /s Slx-r11/5:/;,1)
•fry!.1 • e es•Lve
First Charter Five with shifted lines in the obligation.
Paper Money PAGE 135WHOLE NO. 63
The Bureau imprints, addition of "Series of 1875,"
and a change in the Treasury seal from the spiked to
the scalloped variety are the primary differences between
the Original Series and Series of 1875 notes.
Authorization Date Varieties on $5
First Charter Notes
The $5's are the only denomination in the National
Bank Note series with an authorization date printed on
the note. This appears in two places: on the face in the
center of the lower border and in the counterfeit clause
in the lower right corner of the reverse. As expected,
and shown to me by Harry Corrigan, the $5 plates pro-
duced before the Act of June 3, 1864 bear the date
February 25, 1863. This early date can be found on
many $5 notes from the first 400 or so banks chartered.
Numerous varieties resulted. Face plates dated 1863
were used through the entire First Charter period, so
they can be found with Series of 1875 overprints. More
interesting is the matching and mismatching of back
plates. For example, it is not difficult to find notes
printed after 1864 from 1863 face plates that are matched
with 1864 back plates. To date, I am unaware of 1863
back plates matched with 1864 face plates but the possi-
bility is excellent that such "mules" could exist because
it was policy to use obsolete plates until they wore out.
I would suspect, however, that no 1863 back plates sur-
vived long enough to be used to print Series of 1875
Obligation Variety on $5 First Charter Notes
Louis Van Belkum pointed out a variety in the obliga-
tion on some early $5 plates. The words "This note
is secured by bonds of" are noticeably shifted toward
the left on some plates. In the normal case, the T in
"This" occurs about midway beneath the first N and A
of "National," whereas in the shift variety the T ap-
pears to the left of the first N of "National." Van
Belkum found data supporting the use of these odd plates
on the banks listed in Table 3. As far as I can deter-
mine, all of these plates bear the authorization date of
February 25, 1863. I have no information that sug-
gests that the use of the plates was discontinued before
1864, so the variety may be matched with 1864 back
plates or even Series of 1875 overprints.
Overprinted and Engraved Charter
The Act of June 20, 1874 required the charter num-
ber to be overprinted on National Bank Notes as a
sorting aid. Parshall (1975) has found ample evidence
that charter numbers were sporadically overprinted on
Nationals printed as early as 1865. The reader is re-
ferred to his article for documentation and additional
details. As a result of the Act of June 20, 1874, all
Series of 1875 notes bear charter numbers.
The most interesting and well-known charter number
varieties are the black charter numbers that were en-
graved on a few $5 First Charter plates. The known
banks with this variety are listed in Table 4 and these
data are from Donlon (1975). The engraved black
charter number variety has been found on both Original
Series and Series of 1875 fives. Because the variety
exists on the late Original Series notes, it is probably
safe to conclude that the charter numbers were engraved
on the plates for the issuing banks at the time the plates
were prepared, rather than having been added to the
plates at some later date.
Serial Numbering Varieties
The numerous serial number varieties including blue
bank serials and bank serials with various prefix letters
are treated thoroughly by Dillistin (1956). Consequent-
ly that data will not be reiterated here and you are
referred to his book for the details.
Second Charter Notes
The Second Charter period began in 1882 as a result
of the Act of July 12, 1882 and brought with it a dis-
continuance of the $1, $2, $500 and $1000 denomina-
tions. Also, the face of the $5 was totally redesigned
with Garfield's portrait as a memorial because of his
The Second Charter period witnessed three major
varieties—the well-known Brown Backs, Date Backs, and
Value Backs. As these major varieties evolved, there
were changes in the obligation engraved on the face plate
and geographic letters were introduced as part of the
overprint to facilitate sorting. These changes led to
several combinations of the plate and overprint varieties.
All of these varieties are treated in detail by Huntoon
(1973) and the reader is referred to that work for
Our concern here will be the evolution of plate va-
rieties and seal placements prior to 1908 when the Date
Backs were introduced. These varieties have not been
comprehensively documented previously.
Brown Back $10, $20, $50 and $100
The basic face designs used for the $10, $20, $50, and
$100 notes were carried over to the Series of 1882 Brown
Backs from the First Charter period. The primary dif-
ference in the plates was that the charter number of
the bank was engraved in several places around the
borders on Second Charter plates. Early in the transi-
tion from the First to the Second Charter period, many
First Charter plates were simply modified by having the
charter numbers superimposed on the border design.
These plates are easily distinguished because (1) they
carry the private bank note company imprints in the
lower border under the bank title, and (2) they carry
$10 Brown Back face plate prepared by the Bureau.
4,„t e,,,,tvell.rn roe,
Paper Money WHOLE NO. 63PAGE 136
the "Printed at the Bureau of Engraving and Printing,
Treasury Department" imprints listed in Table 2.
Later when the Bureau of Engraving and Printing
began production of face plates, the Bureau imprint was
incorporated into the lower border. I have never seen
"converted" private bank note company faces on 1882
Date or Value backs so I assume that they were gradu-
ally replaced by the more modern Bureau faces and
were totally phased out by 1908.
"Converted" First Charter $20 plate used for Brown
Brown Back $5 Varieties
As with the $5 First Charter Notes, the $5 Brown Backs
offer a number of very interesting variants. The earli-
est $5 Brown Back plates are characterized by (1) plate
letters that appear conspicuously away from the border
designs, (2) a Bureau imprint in the upper right corner,
and (3) Treasury signatures arranged one on top of the
other to the left of the bank title. The plate letters on
these notes were located respectively between the charter
number and large 5 in the upper right corner, and to
the right of Garfield's portrait.
For some reason these early plates lost favor and
were systematically replaced by the third variety de-
scribed below. Many banks issued both varieties and
when the new plates were made, the layout of the bank
title was often radically altered. I know of no case
where the early plates survived for use in 1882 Date or
Value Back printings.
The third type of face plate is characterized by (1)
plate letters that are inconspicuously placed close to
the right and left borders, (2) Bureau imprint engraved
in the lower margin under the bank title, and (3) a hori-
zontal arrangement of the Treasury signatures side-by-
side across the top of the note. This is the most com-
mon variety. Aside from alterations in the obligation
that occurred with the beginning of the Date Back print-
ings in 1908, these plates were the ones used to print
the Date and Value Back notes.
The second $5 Brown Back face variety is a transition
design. It is similar to the third variety in that the
Treasury signatures appear side-by-side across the top
of the face and the plate letters are moved close to the
right and left borders. However, the Bureau imprint
remains in the upper right corner to the right of the
Treasury serial number as on the first type.
This variety is definitely scarce and I doubt that it
was in use for long. As I have never observed it on
Date and Value Backs, it too, must have been systemati-
cally replaced with the third type prior to 1908.
Photos courtesy of Lyn Knight
Two $5 1882 Brown Backs on the same bank, top note
is first Bureau plate variety, bottom is third Bureau
Brown Back imprints, top is Bureau imprint, bottom
is private bank note company imprint.
∎' V iipo '
A • '8.xscrws
!.nivr at utaititii
4/, iii. // I t i tT 54 ,
Paper Money PAGE 131WHOLE NO. 63
An unusual note on the First National Exchange Bank
of Plymouth, Michigan shows a transition between the
second and third varieties. The note was completed
as a third type, but it exhibits a distinct cut-out on the
line work behind the Treasury serial number that was
intentionally made to accommodate the Bureau imprint
that went in this space on the faces of the second type.
Probably the Plymouth plate was prepared during the
transition period and was started as a second type but
finished as a third type.
$5 Brown Back completed as a third Bureau plate va-
riety but having a cut-out above the serial for the Bu-
reau imprint placed there on first and second plate
Border Charter Number Varieties
Two principal layouts were used to engrave charter
numbers in the borders of Series of 1882 face plates:
(1) charter numbers that are black and printed against
a background of horizontal lines, and (2) charter num-
bers that are white against a solid black background.
Other layouts undoubtedly exist. In the second variety
the box containing the charter number usually encloses
tiny scrolls placed at each end of the number. There are
several different kinds of scrolls, and they comprise a
fascinating study in themselves.
The First Charter number variety with solid numbers
against a lined background is most common on "con-
verted" private bank note company plates and the early
vertical signature arrangement $5 plates. The second
variety with white numbers is usually found on Bureau
higher denomination plates and $5 plates with the hori-
zontal arrangement of Treasury signatures. However,
both styles occur on all plate varieties so no general rule
can be made with regard to them.
From the usage pattern that emerges we can conclude
that the lined background variety was the first developed
and was most popular early in the Second Charter pe-
riod. The solid background variety came in vogue later
and dominated at the end of the Second Charter period.
Charter Number and Seal Placement on
1882 Brown Backs
There are two distinct seal placement varieties on the
Brown Backs of $10 and higher denominations. The
earliest is characterized by placement of the charter
number on its side next to and left of the overprinted
words Series of 1882. The seal is placed high and
covers the Treasurer's signature.
Seal placement varieties on two $10 Brown Backs from
the same bank. Top is early high seal variety, bottom
is later low seal variety.
Borders, top is First Charter variety without
charter numbers, middle is Second Charter
solid black charter number variety, bottom
is Second Charter white charter number
The later variety has a low seal placement below the
Treasurer's signature and the charter number is moved
to a horizontal position above the seal. The first variety
is distinctly scarcer than the second, so it must have lost
favor before the turn of the century.
Dating the Varieties
Unfortunately records do not seem to exist that de-
scribe the varieties mentioned in this article, or the
dates during which they were used. Consequently, the
dates mentioned were gleaned from information printed
on the notes themselves including charter dates, serial
numbers, dates engraved on the plates, etc. Such dat-
PACE la8 WHOLE NO.Paper Money
ing techniques are faulty at best. As I have seen but a
fraction of the First and Second Charter notes in col-
lectors' hands, the dates presented here must be classed
Table 3. Banks using First Charter $5 plates with a
left shift of the second line in the obligation
Other varieties may exist that have not been treated
here, and I would be indebted to anyone supplying in-
formation about them.
Special thanks are due the many collectors who have
shown me their notes and pointed out oddities that occur
on them. Particularly, I thank Harry Corrigan and
Loius Van Belkum for their contributions.
Fort Wayne, Indiana
First National Bank 3
First National Bank 4
First National Bank 11
First National Bank 16
First National Bank 26
First National Bank 55
Table 4. Known $5 First Charter Notes with black
Dillistin, W. H. (1956) A descriptive history of National
Bank Notes, 1863-1935: Private printing, 55 p.
Donlon, W. P. (1971) Mail bid sale of the research and
personal collection of William P. Donlon, May 22, 1971:
Donlon, W. P. (1975) United States large size paper
money 1861 to 1923, 4th ed.: A. M. & Don Kagin, 184 p.
Friedberg, R. (1972) Paper money of the United States,
7th ed.: Coin and Currency Inst., 327 p.
Huntoon, P. W. (1973) "The types of the 1882 and 1902
National Bank Notes": Paper Money, v. 12, p. 13-18.
Parshall, H. W. (1975) "One dollar "Original Series"
nationals with charter numbers": Paper Money, v. 14,
Philpott, W. A. (1970) "Early research proves variations,
not uniformity, prevails on notes": Coin World, Aug. 5,
1970, p. 32, 34.
U.S. Treasury Department (1930) National Bank Act as
amended and other laws relating to National Banks:
U.S. Gov't Printing Office.
U.S. Treasury Department (1935) History and develop-
ment of the National Bank Note: in Annual Report of
the Comptroller of the Currency: U.S. Gov't Printing
Office, p. 817-842.
U.S. Treasury Department (1962) History of the Bureau
of Engraving and Printing, 1862-1962: U.S. Gov't
Printing Office, 199 p.
Van Belkum, L. (1968) National Banks of the note issuing
period, 1863-1935: Hewitt Bros., 400 p.
Red Oak, Iowa
National Bank 2138
National Bank 2141
Table 1. Companies that engraved First Charter
Bank Note Company
American Bank Note Company
National Bank Note Company
Continental Bank Note Company
1, 10, 20, 50, 100
2, 500, 1000
Table 2. Location of the Bureau of Engraving and
Printing imprint on the face plates of Series of
1875 National Bank Notes
Denomination Location of Imprint
1 vertically just inside the right border
2 horizontally just inside the top border on the
5 in circle above the bank title
10 vertically just inside the upper left border
20 vertically just inside the upper right border
50 horizontally just inside the top border on the
100 horizontally just inside the top border on the
500 horizontally just inside the top border on the
1000 horizintally just inside the top border on the
Woman Wants Virginia to Make Good on Bills
SPMC'er Jim Boland (4586) has submitted the follow-
ing Associated Press story printed in the March 11, 1976
edition of the Charlottesville, Va. Daily Progress:
The collapse of the Confederacy means a Wonona, Miss., woman
will not be able to collect on some Confederate currency she holds,
says Virginia's attorney general.
"I am sorry to be the source of unpleasant news," Atty. Gen.
Andrew P. Miller wrote the woman, whom he declined to identify,
". . . but I suspect that your wisest course is to offer to sell the
notes to a collector who believes that the South will rise again."
The woman had written Miller asking his assistance in collecting
the face value plus interest on some Confederate currency issued here
"I have some old currency money and it says on it we can demand
it," said the woman, who added she had a $500 note, three $10s, two
$20s, one $5 and one $1.
She asked Miller to demand that the Federal Reserve Bank in
Richmond make payment plus accrued interest on the bills. The
woman added that she "might would give you half of it, if you'll
demand it. . . ."
Miller explained in his reply that "neither the United States gov-
ernment of 1864 nor 1976 has any obligation to make good on this
guarantee" because the Confederate government collapsed in 1865.
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11.1,1 EII 1
Paper Money WHOLE NO. 63PACE 140
Military Payment Certificates/Allied Military Currency
Are They U. S. Paper Money?
By CARLTON "FRED" SCHWAN
TRACTIONAL currency, Silver Certificates, Treasury
Certificates, Nationals, Confederates, Gold Certi-
ficates, bonds, checks, Continentals, food coupons
and more are all rightly recognized as being part and
parcel of the U.S. paper money field. There is another
area in which the author is very interested which is not
as well accepted as being part of U.S. paper money—
To be sure, so-called Hawaii and North African dollars
are recognized as U.S. paper money by collectors but
this is largely because they are also Silver Certificates
and Federal Reserve Notes. There are two major types
of Military Currency which in the author's view are
an absolutely integral part of U.S. paper money.
Examples of Military Payment Certificates
First we will discuss the most obvious example and
one which has been gaining acceptance. Military Pay-
ment Certificates (IVIPCs) , first conceived and issued in
1946, have been used by millions of U.S. citizens serving
abroad with the armed forces since that year. They
were printed in the U.S. either by the Bureau of Engrav-
ing and Printing or under its direction. Their use was,
with minor exceptions, restricted to U.S. personnel; the
federal government paid its employees in MPCs which
circulated much as U.S. currency. True, MPCs are not
and never were intended to be U.S. currency. All issues
are now valueless (intrinsically) and were never legal
tender "for all debts public and private." However, the
MPC was the day-to-day medium of exchange for mil-
lions of Americans. While MPCs have been listed in
specialty catalogs since at least 1960, they were not
generally recognized as part of the U.S. paper money
scene until Neil Shafer included them in the fifth edition
of A Guidebook of Modern U.S. Currency. Since that
time they have also been listed in Gene Hessler's The
Comprehensive Catalog of U.S. Paper Money and now
have been included in the most authoritative of all "small
currency" books, Chuck O'Donnell's The Standard Hand-
book of Modern United States Paper Money. Inclusion
in these catalogs would seem to assure acceptance of the
MPC as U.S. paper money.
The "Standard Handbook" however, went one step
further than the others in recognizing a field whose ties
to U.S. paper money are not as immediately obvious as
those of MPCs. Allied Military Currency (AMC) is
listed in detail in the "Handbook." In the author's
opinion, there is no question that AMC has a rightful
place in the field of U.S. paper money; it was used during
and after World War II by millions of Americans ser-
ving abroad. It was their money for daily transactions.
An example of Allied Military Currency
As opposed to MPC, AMC was not issued by the United
States, its use was not restricted to U.S. personnel, and
it was not denominated in dollars. These are reasons
for not including AMC as a U.S. issue. The reasons
for including AMC, however, are more compelling.
AMC was conceived, prepared, issued and controlled
under the authority of the Allies, although the U.S. was
the most active participant in each of these phases. The
Soviet Union and England participated in the printing
of the marks and schillings, respectively, but the U.S.
actually did the vast majority of the printing. The U.S.
was the only Ally to use all of the issues. The most
important reason for including AMC as part of U.S.
syngraphics is that millions of Americans participated in
its daily use. Again, the U.S. sanctioned that use by
using it to pay its employees.
All of the above is not to say that AMC and MPC are
not also a part of the syngraphic history of other
BANK OF ISRAEL
WHOLE NO. 63 PAGE 141Paper Money
countries. Many other well-established U.S. issues also
are part of the syngraphic history of another country.
Neither is the above meant to dictate what one should
include in a collection or area of interest. as that is a
highly personal matter. The thesis is that Military Pay-
ment Certificates and Allied Military Currency are an
integral part of U.S. paper money and should be con-
sidered as such.
Finally, the opportunity must be seized to keep a foot
in the door and say that AMC and MPC are not the only
issues once considered "foreign" (as opposed to U.S.)
which should be classified as U.S. paper money. Several
examples come to mind but they will wait for another
time. Perhaps there is a so-called "purist" reader who
would care to offer an opposing point of view?
Sir Moses Haim Montefiore--
"Lover of Zion"
Portrayed on new Israeli Note
By FRANZ FRANKL
Y THE end of the 18th century, the European
powers had become interested in Ottoman Palestine
as a bridge to safeguard their interests in the Far
East and Australasia (as it was called then). Napoleon,
before becoming Consul, captured Egypt in 1798, moved
on the Palestine in 1799, bypassed Jerusalem, and tried
to storm Acre (the cannonballs still can be seen on the
dome there). The British Navy came to the rescue of
Turkey; Napoleon withdrew.
In 1831, Mohammed Ali, Pasha of Egypt, revolted
against the Sultan. His army under the command of his
son Ibrahim captured Palestine, Jerusalem (which was
not the seat of government) and the rest of Syria. In
1838, during the rule of Ibrahim, the first consulates
were opened in Jerusalem by Britain. followed by France,
Prussia, Austria and Spain. The Russian consulate in
Beyruth sent an agent to Jerusalem. The consuls were
given special rights such as running their own postal
services, but most important, they had the right to extend
their protection to certain minorities, much to the benefit
of the Jewish inhabitants of Jerusalem.
During this period, Sir Moses Montefiore became as-
sociated in London with the Rothschilds and made a
fortune on the stock exchange. In 1821, at the age of 36,
he retired from business and devoted himself to securing
political and civil emancipation for the English Jews.
As president of the Board of Deputies of British Jews,
he battled discrimination against Jews in the rest of
Europe. His whole life was devoted to Jewish philan-
Sir Moses Montefiore visited his beloved Zion (Jeru-
salem) for the first time in 1835. At that time everyone
lived within the walls of the old city; the gates were
closed by night. In 1855, Sir Moses, on one of his seven
visits to the Holy Land, stopped off in Constantinople to
see the Sultan, who granted him the right to acquire land
and build on it outside the walls of Jerusalem. He also
got the right to repair the Tomb of Rachel in Bethlehem.
Sir Moses was one of the first to erect buildings outside
the city wall and also founded a hospital and a school
So it is befitting that on the obverse of the new note,
the head of Sir Moses Montefi ore is shown against the
city wall, while on the reverse a gate and the wall are
shown from the outside. The windmill to the right of
the philanthropist's head on the obverse was built in
1857. It still stands on a small hill to the south of the
King David Hotel, with a breathtaking view of the walled
old city as a background. The head of the mill was
blown off in 1948 by a Jordanian shell.
Sir Moses Montefiore made his last trip to Zion in 1875
when he was 91 years old. In Eastern Europe the Jews
were living under horrible conditions. victims of per-
secutions that raged in Russia and Rumania. "Return
to Zion" and "Love of Zion" outpoured in prose and
poems. In 1881, the first Aliyah of the Chovevei Zion
started. The elderly, unfit for hard work, settled in
Jerusalem; the young pioneers went to clear the swamps.
Under the Russians, Socialists and Jews were persecuted
side by side, and so many of the new settlers were
Socialists. Theodore Herzl published Der Judenstaat (The
Jewish State) in 1896; at the insistence of students from
Eastern Europe, Herzl convened the First Zionist Con-
gress in 1897. Thus out of the "Love for Zion" modern
Zionism was born.
First Charter One-Dollar Nationals: Part IV
By HOWARD W. PARSHALL
Paper Money WHOLE NO. 63
HIS article is a supplement to three articles by theFr
same title which appeared in earlier issues of PAPER
MONEY (Whole Nos. 47, 52, and 59). Its purpose
is to report the existence of additional note varieties on
previously reported banks and the existence of notes on
banks not previously reported. Of the 47 banks reported
under "states" in this article, 35 are in addition to those
identified in the earlier articles.
The series of notes issued by a bank is indicated im-
mediately following its charter number. The symbols
used are as follows: Original (1865) series (65) ; 1875
series (75). Banks issuing Original series notes with
charter number are indicated by the addition of a "W"
to the identifying series symbols, thus: "65W".
If a bank issued Original series notes without and with
the bank charter number, this would be indicated in the
following manner: (65, 65W). If it issued both Original
and 1875 series notes, the symbols would be: (65, 75).
If no notes were reported on the bank in the three
earlier articles, an asterisk follows the bank charter num-
ber. When an asterisk does not appear after the charter
number, it indicates an additional variety (65, 65W, 75)
has been reported.
For several years we have carefully scanned auction
catalogs, mail lists, coin papers, and publications in search
of the existence of First Charter one-dollar Nationals.
In addition, we have received many fine letters in response
to these articles which have indicated the existence of
A summary of the total number of notes located to date
and reported in the four articles is given below:
Uncut sheets: 8 banks
Cut sheets: 5 banks
Territorial: 9 banks
District of Columbia : 2 banks
States: 558 banks
Alabama 1 ; Colorado 1 ; Connecticut 24 ; Delaware 2 ; Illinois 30 ;
Indiana 19; Iowa 21; Kansas 7; Kentucky 5; Louisiana 2; Maine 16;
Maryland 4 ; Massachusetts 106 ; Michigan 15 ; Minnesota 9 ; Mis-
souri 10 ; Nebraska 3 ; New Hampshire 10 ; New Jersey 13 ; New
York 108 ; North Carolina 2 ; Ohio 47 ; Pennsylvania 30 ; Rhode Island
33 ; South Carolina 1 ; Tennessee 2 ; Texas 3 ; Vermont 24 ; Virginia
1; West Virginia 3; Wisconsin 6.
If the reader has knowledge of any one-dollar
Nationals unreported in these articles, he is urged to share
this information with the author. Please give series,
treasury signatures, serial numbers, printed date, and
condition of note if known. Write to Howard W. Parshall,
P. 0. Box 191, Pineville, Louisiana 71360.
The notes below are listed for the first time and are
in addition to those reported in the earlier articles:
Banks by States: 47 (*35 new banks listed)
ILLINOIS: 1 bank, charter #531 (65W).
INDIANA: 1 bank, charter #41* (65W).
IOWA: 8 banks, charters #117* (65), 299* (65), 650* (65), 751* (65),
1629* (65), 1661* (65W), 1801 (75), 1992 (65W).
KENTUCKY: 1 bank, charter #1615* (65).
MAINE: 2 banks, charters, #1437* (65), 1956* (65).
MASSACHUSETTS: 7 banks, charters #440* (65), 583 (75), 702* (65),
832* (65), 986 (65, 65W), 1604* (75), 2265 (75).
MINNESOTA: 1 bank, charter #203* (65).
MISSOURI: 1 bank, charter #1584* (65W).
NEW HAMPSHIRE: 1 bank, charter #1674* (65).
NEW JERSEY: 1 bank, charter #1259* (65).
NEW YORK: 7 banks, charters #255 (75), 280* (75), 721* (75),
905 (65), 998 (65W), 1257* (65W), 1278* (65).
OHIO: 1 bank, charter #46* (65).
PENNSYLVANIA: 5 banks, charters #115* (65), 357* (75), 507* (65),
879* (75), 2195* (65).
RHODE ISLAND: 4 banks, charters #772* (65), 1002* (65), 1151* (65),
VERMONT: 6 banks, charters #962 (65), 1140 (65), 1368* (65), 1430*
(65), 1576* (65), 1653 (65W).
Correction: In the previous article (Part III, Whole
No. 59) under Maine, a note was reported on "#65* (65)."
This should be deleted. The correction has been made in
Gold Value of Confederate
Claud Murphy, Jr. (SPMC 4486) of Decatur, Ga., has
found an article in an 1865 edition of an Augusta, Ga.
newspaper showing the value of Confederate paper money
in relation to gold. He points out that there still was some
value to Confederate paper after Lee's surrender, albeit
very small. According to the figures below, one could buy
an ounce of gold for a little over $2,480,000 Confederate on
May 1, 1865.
Price of Gold During Confederate Times
At the solicitation of several merchants we republish the following
Editors Chronicle and Sentinel :
In consequence of numerous inquiries daily as to the price of Gold
for Confederate Notes during a certain period, we have, for the
convenience of our citizens who may have settlements to make, pre-
pared a table from our books showing actual sales from January 1,
1861, to May 1, 1865, which is at your service, should you think
proper to publish the same. Very respectfully,
F. C. BARBER & SON,
Augusta, Ga., June 9, 1865. Exchange Brokers.
Price of Gold for Confederate Notes from January 1, 1861, to May
12, 1865, inclusive.
November 1 13 for 1
November 15 15.50 for 1
December 1 20 for 1
December 15 21 for 1
January 1 21 for 1
January 15 20 for 1
20 for 1
January 15 20 pr.
February 15 40 pr. April 1 19 for 1
April 15 80 pr. June 1 to July 15 18 for 1
January 1 20 pr. February 15 21 for 1
April 1 75 pr.
May 1 90 pr. July 15 to Aug. 15 20 for 1
May 15 95 pr. August 15 20.50 for 1
June 1 95 pr.
July 1 2 for 1 October 1 27 for 1
2 for 1
2.20 for 1 November 15 28 for 1
August 1 2.20 for 1 26.50 for 1
September 1 2.50 for 1 December 1 32 for 1
September 15 2.50 for 1
December 15 25 for 1
October 1 2.50 for 1 December 31 51 for 1
2 for 1 September 15
25 pr. March 15 20 for 1
65 pr. May
18 for 1
20 for 1
March 1 26 for 1
April 15 21 for 1
25 for 1
20.50 for 1
22.50 for 1
October 15 2.50 for 1 1865.
1863. January 1
60 for 1
Nov. 1 to Feb. 1 3 for 1
65 for 1
Feb. 1 to March 1 3.10 for 1
50 for 1
March 1 3.25 for 1 February 15
46 for 1
March 15 to May 15 5 for 1 March 1 55 for 1
May 15 6 for 1
58 for 1
June 1 6.50 for 1 April 1
70 for 1
June 15 7.50 for 1
April 15 80 for 1
8 for 1
April 20 100 for 1
July 15 10 for 1
April 26 200 for 1
August 1 14 for 1 April 27
800 for 1
August 15 15 for 1 April 28
500 for 1
14 for 1 April 29 800 for 1
September 28 14 for 1 April 30
1000 for 1
13 for 1
1200 for 1
12.50 for 1 Which was the last actual sale
of Confederate Notes.
Jan. 1 to May 1 5 pr.
May 1 to Oct. 1 10 pr.
Oct. 1 to Oct. 15 12 pr.
Oct. 15 to Nov. 15 15 pr.
December 1 20 pr.
December 15 30 pr.
FR. #493 FIRST NATIONAL BANK OF WAYNESBORO, PENNA., a truly choice
crisp note that was folded 3 times vertically. This bank was closed in 1895
with only $1,750 outstanding in 1910, very few could still be around today
and especially so nice $250.00
FR. #595 PHILADELPHIA NATIONAL BANK OF PHILADELPHIA, PENNA., a
true, bright choice new RED SEAL. As a type or for the National collector
this is a real "jewel". Don't confuse with the average CU red seals offered
In custom plastic holder $350.00
FR. #595 MELLON NATIONAL BANK OF PITTSBURGH, PENNA. as choice as
the above note in every respect. Another beautiful RED SEAL signed by A.
W. Mellon as president. In custom plastic holder $350.00
FR. #621 FIRST NATIONAL BANK OF WEATHERLY, PENNA. another choice
new RED SEAL and check these features: #1 note issued by bank, note dated
12/30/01 before the charter period began in 1902 (first I've seen), the
president penned in 3/1/1902 in small script beside #1 note, this added to
a scarce bank to start with presents a rare and desirable show-stopper! Cus-
tom holder $650.00
FR. #652 FIRST NATIONAL BANK OF WYTHEVILLE, VIRGINIA choice new
note from a small town when issued and still a small community near North
Carolina line. For type, state or Virginia collector this is a real opportunity to
add a nice note $275.00
FR. #654 MARION NATIONAL BANK OF MARION, SOUTH CAROLINA nice
about uncirculated note that has no signatures (probably never was signed—
but not washed ). A good buy for a S.C. collector or a state collector (CU
would bring $500) $300.00
1929 $5 II SLOCOMB NATIONAL BANK OF SLOCOMB, ALABAMA choice crisp
new note on a very scarce bank with a small 34,300 total outstanding in
1934. This is the #4 note off first sheet $200.00
1929 $10 II UNITED STATES NATIONAL BANK OF JOHNSTOWN, PENNA
(#13781) a crisp new note that supposedly was never printed according to
the government records and Mr. Warns' book. This note was printed after the
ban on the use of U.S. in the title of Nationals. This was the discovery note
of Phil Lampkin, if others exist, they have not shown. In custom plastic
holder, a very rare note $275.00
Write for list of other Nationals and choice large-size type notes for sale, it is free for
asking. PLEASE remember me when you sell, I will pay high and will appreciate the op-
portunity to make you a offer. I especially want to buy any notes on Salisbury, N.C. ob-
soletes or Nationals.
JAMES A. SPARKS, JR.
POST OFFICE BOX 4235 ANA-52964, SPMC-3144 SALISBURY, N.C. 28144
Paper MoneyPAGE 144
New Line-Intaglio Rotary Currency Press at the Bureau
By GEORGE W. BRETT
WHOLE NO. 63
The first of the new two-plate monocolor intaglio currency
presses at the Bureau of Engraving and Printing. View from
the delivery end, with the feeding end at far left. To one
side at the back is the tiered stack of three paper wiping rolls.
(Editor's Note: The author, Mr. Brett, is new to the
pages of PAPER MONEY but he is a recognized authority
on the production of the Bureau of Engraving and Print-
ing and has written extensively on the philatelic appli-
cations of it. He is Chairman Emeritus of the Bureau
Issues Association and SPMC member 3336.)
r HE first of four new currency presses was accepted
by the Bureau of Engraving and Printing on Feb.
11, 1976, following the successful completion of
its acceptance trials. This new type press is called the
"Two-Plate Monocolor Intaglio Press" by the Bureau.
[t is a somewhat modified version, as we understand it,
of the American Bank Note Company's Magna Press.
Three additional similar presses are to be delivered
during 1976. In size they are 47' 3" long, 8' 5" high,
9' 11" wide, and each weighs 60 1/2 tons.
The presses will use two curved plates of 32-subjects
each and will operate at speeds in excess of 8,000 impres-
sions (or sheets) per hour. When completely set up, the
four presses will be operated in tandem; that is, one to
print backs, the other faces, making two such pairings
These presses have a high-speed feeder that will handle
a pile of 10,000 sheets at a time. Actually the system
allows the printers to stack 10,000 sheets in a reserve pile
while another 10,000-sheet load is being printed. The
Bureau says, "As the first load of 10,000 sheets nears
completion, the second load is moved upward in the
feeder until the first load is sitting on top of the second
load. When the feeder feeds the last sheet of the first
load, the first sheet of the second load is in position to
he fed as if it were part of the first load." This can
(The used rolls will stack up on the other side of the press
in the same way.) The printing unit is the major "block"
a little to left of center. Photograph by courtesy of the
Bureau of Engraving and Printing.
continue indefinitely. However, the Bureau requires that
the press be stopped after each 20,000 sheets to verify
the count. This procedure is primarily a press register
and load check and may not take as much as five
The press is equipped with two delivery receivers
which provide the capability of stacking all sheets printed
from one plate in one delivery pile, and the sheets from
the other plate in the other pile. These receivers are
expected to help the currency examiners.
"The wiping system uses three paper wipers. The
wipers reciprocate in a fixed position. After the engraved
plates are charged with ink, the plate cylinder continues
to rotate, making contact with each of the three wipers
which remove the surface ink from the plates, but do
not disturb the ink in the engraved lines," says the
Bureau. These new presses are so designed that it is
not necessary to stop them to remove used wiper rolls
or to add new ones; the design is such as to permit this
to be performed safely while the presses continue to
produce at operational speed.
The present currency plate format will not be changed
for use on these new presses and the notes printed by
them will be indistinguishable from those printed on
the Bureau's other presses.
Though it may be quite some time, the Bureau expects
to eventually be able to go to a water-wiping system
in place of the paper-wiping method. These new presses
have been designed accordingly to permit the ready
removal of the paper-wiping system when that day
WHOLE NO. 63
Paper Money PAGE 145
With the addition of this new press the Bureau now
has three different kinds of currency presses in operation:
1. The old 1-plate De La Rocs.
2. The 4-plate Gioris. (They have these in one basic
design but in three versions through successive revisions;
the main difference to the uninitiated is probably a little
more speed in each version.)
3. The 2-plate modified American Bank Note Magnas.
Some of the Giori presses have been used for postage
stamps and food coupons when needed, but otherwise
the product of all of them has been currency, using the
32-subject plate format. They are all sheetfed, single-
color presses, printing by the dry process.
Our thanks to the Bureau for being able to present this
It's in the Books —
Dye's Counterfeit Detector, July, 1884 Edition
Donated to SPMC Library by
New Counterfeit $10 Silver Certificate Series of 1880
The Secret Service Division of the
Treasury Department has received
advices that this new counterfeit has
appeared in the West. It is supposed
to have been printed from a wood cut,
and is an inferior counterfeit, but
may deceive those who handle money
very rapidly without examination. It
is signed G. W. Schofield, Register,
and Jas. Gilfillan, Treasurer, and the
counterfeit is somewhat shorter than
the genuine note. The paper is in-
ferior, and sometimes composed of
two thin layers with the silk parallel
lines and fibre placed between them.
On the back of bill, near the top, from
this portion of a sentence "and all
public dues, and when so received may
be reissued" the word "all" is entirely
omitted, and the words "when so" are
tied together as one word.
0:010 0:040:* 020 040 0$0.$0:0$0:0:0 0 0:0:04.040:040:0 040t* * O 0. Ot* 0:0 0
WANTED: RARE LARGE-SIZE NOTES
We require RARE large-size notes in any grade; type notes in CU only (no Federals, please), in $1 through $100
We a!so need all grades large-size NATIONAL BANK NOTES, mainly FIRST CHARTER $1, $2 and $5; SECCOND CHARTER
brownback $5s, and THIRD CHARTER RED SEALS $5, $10 and $20.
TOP DEALER PRICES PAID FOR REQUIRED MATERIAL.
We also pay top dealer prices for required "AMERICANA" WESTERN, INDIAN & TERRITORIAL items of mid-1840s to
early 1900s ONLY, such as: broadsides, Gold Rush, Pony Express and Wells, Fargo memorabilia; documents, letters, coins,
photos, law badges, signs, frontier artifacts, bars, books, autographs, checks, bonds, certificates, drafts, covers, Indian artifacts
of all types (no current jewelry), pre-1898 firearms, etc. (No "Wells Fargo" buckles or reproductions of any kind, please.
WRITE or CALL (collect) first and describe what you have to offer.
As dealers, we also have on hand a fine selection of notes and Western collateral for sale. Your inquiries are respectfully
P. 0. BOX 476, NEWTON CTR., MA. 02159
Phone: 1-617 332-6119
Specializing in U. S. LARGE paper currency, Series 1861-1923, and Western "Americana."
Researchers, Dealers and Appraisers. Contributors to the leading publications and trends
in the field of U. S. paper money. Members of SPMC (948), ANA, ANS, PMCM, CCRT
and other leading syngraphic, numismatic, exonumistic and philatelic organizations.
Paper Money WHOLE NO. 63PAGE 146
(lathier of thei3sit of North-America.
Pennfylvania Paper Money, emitted by Mt of Alterably, dated Marcirt16,1785
A It ank of North
By RICHARD T. HOOBER
HE close association between paper money and checks
as a form of fiat currency is no more clearly shown
than on this possibly unique check. Issued by the
Bank of North America, payable in pounds sterling it was
specifically printed to be used only in drawing against the
funds created by the "Act of Assembly, dated March i6,
1785," as indicated on the illustration.
The checks were printed by Young & McCulloch,
Philadelphia, whose name appears at the left; the bank's
name is also worked into the left end panel, the letters
alternating with the crosshatching of the design.
Under "An Act For Furnishing the Quota of This State
Towards Paying the Annual Interest of the Debt of the
United States and for Finding and Paying the Interest of
the Public Debt of This State," a total of £150,000 was to
be raised to pay on debts contracted by the United States.
Also, under the provisions of an earlier act, passed Novem-
ber 27, 1779, the state was obligated to pay between
£15,000 and £20,000 to the legatees of Thomas and Richard
Penn and the widow of Thomas Penn, one year after the
termination of the war.
Thus, a loan office, with the Bank of North America as
the fiscal agent to receive the said taxes and to draw checks
against such funds, was to be set up and into it was to be
deposited with the Continental Loan Office, £123,932, the
estimated quota of the interest on the debt incurred during
the Revolution. Certificates for money loaned, articles
furnished or services performed during the war were to be
used in lieu of currency.
This same act further stated that the sum of £76,945
17s. 6d in "lawful money of this state" was to be assessed
each year on real estate and personal property throughout
the state. Quite specifically, the taxes levied were to be
paid in gold or silver "at the rate of three pounds for one-
half Johannes of Portugal money, weighing nine penny-
weight of gold, and seven shillings and sixpence for one
Spanish milled dollar weighing seventeen pennyweight and
six grains of silver or in bills of credit hereinafter directed
to be made and issued and in no other money whatsoever."
Notes of earlier Pennsylvania issues would not be accepted.
Five Shillings. N 0
S BILL by LAI:, 11.'all fa'fi current,'
for FIVE SHILLINGS, within the il.lom.r.tteraftb::
of Pr NSY LYA NI A , according to an A r T of the Ge-.*
'red 41iimbly, palled at Philadelphia,:
the Exteenth day of Alarrh,
ne thoutand feven hundred and eighty-%,Y.me. /
•tve Su togs.
Only notes of this particular issue, such as the denomination
illustrated here, could be used.
The ever-present demand for increasing the circulation
of paper money in the colony due to the "scarcity of gold
and silver money in the country, the inhabitants of this
commonwealth are suffering much inconvenience for want
of a sufficient circulating medium of internal commerce and
it is deemed expedient that a moderate sum in bills of
credit should be issued and that their punctual redemption
should be secured by the funds herein-before established."
The credit of Pennsylvania relative to redemption of all
previously issued notes was always outstanding.
After the Articles of Confederation in 1781, and the
attainment of complete independence in 1783, the new
nation was now a foreign country in its dealings with Eng-
land and Europe. It now had to compete with its rivals
for the profitable West Indies trade, which had been of
great importance prior to the Revolution. As a consequence
of sharply reduced commerce, an economic depression in
1784-1785 brought about additional problems in adjusting
to the new order.
Reference: Statutes at Large of Penna. Vol. XI. Harrisburg, Pa.
A special stamp released by Argentina on Feb. 3, 1973
commemorated the 150th anniversary of the Bank of the
Province of Buenos Aires, first to issue bank notes in the
republic. It depicts the bank's insignia and the first coin
issued by the institution.
WHOLE NO. 63
Paper Money PAGE 147
A Syngraphie Survey
The U. S. Centennial
and Exhibition of 1876
By M. OWEN WARNS
HE successful London International Exposition of
1851 left a marked effect on the mind of Wabash
University Professor John M. Campbell. Thus in
1866 he set forth the proposition that the United States
should stage a centennial commemorative exposition in
celebration of the progress and achievements of its first
hundred years as a nation. Because international ex-
positions were the vogue at the time, it was expected that
such an event would be but one part of the overall
celebration, but as it turned, out, the exposition was the
heart of it, creating inestimable prestige and good will
for the U.S.
The Paris International Exposition of 1867, which
surpassed the London International in attendance, further
served as a stimulus for the American celebration. Even
more momentum was gained from the projected Vienna
International of 1873. Thus the anticipated centennial
celebration became the number one topic of conversation
among patriotic Americans, especially those in govern-
ment and business. Enthusiasm ran high in Philadelphia,
a city richly endowed with historic sites and symbols of
the American Revolution.
However, considerable opposition to Philadelphia as
the site of the exhibition arose in Massachusetts, whose
Congressional delegation unsuccessfully opposed passage
of an act authorizing the centennial celebration and
exhibition to honor the now-mature nation's accomplish-
ments in agriculture, industry, science and the fine arts.
The following excerpt from President Grant's fourth
annual message of Dec. 2, 1872, explains the status of
the projected celebration at that time:
In accordance with the terms of the act of Congress approved
March 3, 1871, providing for the celebration of the one hundredth
anniversary of American independence, a commission has been or-
ganized, consisting of two members from each of the States and
Territories. This commission has held two sessions, and has made
satisfactory progress in the organization and in the initiatory steps
necessary for carrying out the provisions of the act ,and for executing
also the provisions of the act of June 1, 1872, creating a centennial
board of finance. A preliminary report of progress has been re-
ceived from the president of the commission, and is herewith trans-
mitted. It will be the duty of the commission at your coming
session to transmit a full report of the progress made, and to lay
before you the details relating to the exhibition of American and
foreign arts, products, and manufactures, which by the terms of
the act is to be held under the auspices of the Government of the
United States in the city of Philadelphia in the year 1876.
This celebration will be looked forward to by American citizens
with great interest, as marking a century of greater progress and
U. S. GRANT.
Financing the Centennial
ONGRESSIONAL opponents of the Exhibition suc-
cessfully blocked the appropriation of funds to
establish and operate the event. However, on June
1, 1872 Congress created a Centennial Board of Finance
(a separate corporation within the Centennial Com-
mission) headed by H. S. Lansing. Its principal task
was to raise the necessary $10 million through the sale
of Centennial stock certificates at ten dollars each. The
response to the drive fell far short, netting only about
$2 1/2 million. Further exacerbating the situation was
the unforeseen increase in estimated costs of buildings,
maintenance and the participation of foreign countries.
Just a scant six weeks before the scheduled opening of
the Exhibition on May 10, 1876, President Grant was
forced to send the following message to Congress:
Executive Mansion, March 27, 1876.
To the House of Representatives :
I have the honor to transmit herewith a communication received
from the chairman of the board on behalf of the United States
Executive Departments, containing in detail the operations of the
board and setting forth the present embarrassments under which it
is now laboring in the endeavor to conduct the participation of the
Government in the Centennial Exhibition, and showing very clearly
the necessity of additional funds to carry out the undertaking in a
U. S. GRANT.
In response Congress authorized a repayable loan of
$2 million (some sources say $1 1/2 million) ; the Com-
monwealth of Pennsylvania also loaned a million dollars
on the same basis to cover the cost of completing the
Centennial Memorial Building. The city of Philadelphia
came through with a $1 1/2 million repayable loan, while
other substantial loans and contributions were received
from local businesses and individuals. After the close
of the celebration, the Centennial Board of Finance was
able to repay all the loans and to redeem the shares
sold to the public at a rate of 20c on the dollar.
The Centennial International
Exhibition Stock Certificate
HE Centennial Board of Finance stock certificate,
prepared by the Bureau of Engraving and Printing,
was a superior example of contemporary art,
embodying the best in the American style of engraving,
and has in the opinion of many critics never been sur-
passed. Its theme was a panoramic view of the nation
7,,SAI610 1.L1 't
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Paper Money WHOLE NO. 63
Reverse of Friedberg design no. 105, $100 First Charter National Bank Note, with
same vignette used on stock certificate.
Trumbull painting of the Declaration of Independence signing used on design of Bank of
Michigan note dated 1862. (Photo courtesy of David Cranzin.)
with surrounding allegorical groups indicative of pro-
gress in all fields of human endeavour.
At the center bottom was a reproduction of John
Trumbull's "Signing of the Declaration of Independence"
as used by the American Bank Note Co. on the reverse
of the first charter original series National Bank Notes,
$100 denomination, and which has been reborn in
slightly modified form on the new $2 Federal Reserve
Note issued April 13, 1976. Directly beneath the en-
graving on the certificate is the legend
Geo. B. Mc.Cartee, Chief of Bureau. Geo. W. Casilear,
Supt. of Engraving.
Engraved & Printed at the Bureau, Engraving & Printing.
The Treasury Department ordered 10,000 numbered
certificates to be delivered to the Centennial Board of
Finance in fiscal 1875 with an additional 6000 in fiscal
1876. They bore the printed signatures of Fred. Fraley,
cashier, and Jno. Welsh, president of the CBF. 1
Indicative of the esteem in which these large, elaborate
pieces of paper were held was the reaction of one Phila-
delphian, Mary Collins, who when asked if she wished
to surrender her $10 stock certificate replied, "I do not
entertain the idea of giving up my cherished memento
of the Centennial Exhibition. It is a fine work of art,
it is prized too greatly, it will occupy a place of honor
on the wall of our library."
Note: The pull-out copy of the historic stock certificate can
be removed and framed if desired.
'lite States Join flue Celebration,
Pat ling Their Onn
The Ohio State Pavilion at the Centennial Exhibition.
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WHOLE NO. 63 PAGE 149Paper Money
.Z•aa • -1 • • • '4,-.6!
RESIDENT Grant's nationwide invitation to the
states and territories to join in the Centennial
celebration was received with great enthusiasm
and cooperation. Many constructed and maintained at
their own expense individual and distinctively designed
pavilions serving as places for their constituents to gather
and show off their lifestyles and exhibit their locally-
Colorado became the 36th state on August 1, 1876
and was immediately dubbed the "Centennial State." Of
all the state structures erected during the Centennial, only
the Ohio building stands today on the old grounds of
the Exhibition in Fairmount Park. 2
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OFFICIAL CALL FOR LOCAL HISTORIES
By the President of the United States
Whereas a Joint Resolution of the Senate and House of Repre-
sentatives of the United States was duly approved on the 13th day
of March, last, which Resolution is as follows:
Be it resolved by the Senate and House of Representatives of the
United States of America in Congress assembed, 'That it be and is
hereby recommended by the Senate and House of Representatives of
the people of the several States that they assemble in their several
countries or towns on the approaching Centennial Anniversary of
our National Independence and that they cause to have delivered
on such day an historical sketch of said country or town from its
formation and that—
Given under my hand at the City of Washington the twenty-fifth
day of May in the year of Our Lord, one thousand eight hundred and
seventy six and of the Independence of the United States the One
/signed/ U.S. Grant
'A.A....1,44.j) C 41.4:ta
•- • 1..67---c.-...• ■•• A -;J
- I • -4
u•By the President
/s/ Hamilton Fish,
Secretary of State
President Grant Opens the Centennial
Celebration and Exhibition
-1 , c:(
Washington, May 1, 1876.
To the Senate:
I transmit herewith, for the information of Congress, a report of
the president of the Centennial Commission upon the ceremonies to
be observed at the opening of the exhibition on the 10th instant
It will be observed that an invitation is therein extended to Senators
and Representatives to be present on that occasion.
U. S. GRANT.
[The same message was sent to the House of Representatives.]
T HE 18th President of the United States, UlyssesSimpson Grant, a warm supporter of the Centen-
nial, arrived at 10 A.M. on May 10, 1876 to
officially open the long-anticipated celebration in concert
with the heads of foreign countries and other dignitaries
amid the unfurled flags symbolic of the 40 countries
participating. The hundredth birthday was notably
impressive on that sun-drenched morning, one of the
most prestigious days in the country's history. Phila-
delphia was reeling with a hilarious enthusiam as the
capital of the free world!
A patriotic show of exuberance took place on New
Year's Eve of 1876 when Philadelphians raised the old
Colonial Flag over Independence Hall. The flag had been
presented to our country by George Washington on Janu-
ary 1, 1776 when he organized the Continental Army. The
flag retained the British Union Jack, but introduced the
13 alternating red and white stripes denoting the Original
13 States. It is known today as the Grand Union Flag.
Paper Money WHOLE NO. 63
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Visitor's Certificate, Centennial Exhibition. According to "The Story of the Centennial of
1876" by S. E. Trout (1929), the original certificate was signed by J. F. Hartranft, governor
of Pennsylvania, W. S. Stokley, mayor of Philadelphia, and U. S. Grant, President of the
United States in ceremonies on June 18, 1876. Reproductions were given to visitors as
"documentary evidence of their having gone to the Centennial." At the bottom edge are the
inscriptions "Copyright 1876, by R. Murphy" and "Designed & engraved by THE MAJOR
& KNAPP CO. N.Y. and issued from the presses of R. HOE & CO. at the International
WHOLE NO. 63 PAGE 151Paper Money
Type A Exhibition ticket ("FIFTY CENTS" in red).
& Market St s.
The Centennial National Bank, Philadelphia (illustration en-
larged from a check).
Type B Exhibition ticket with letter "hi" at lower right.
Branch Office of the Centennial
National Bank at the Exhibition
OCATED just outside and to the right of the Main
Entrance Hall of the Exhibition, a branch office of
the Centennial National Bank of the City of Phila-
delphia was established. It served as an admission ticket
distribution and end-of-the-day collection point as well
as a change center. Some 101 "money gates" were
situated at convenient approaches to the hundreds of
buildings within the 280 acres of the Exhibition grounds.
The lock-dropped ticket admission boxes from these
gates were brought to the Branch Office at the close of
the day for accounting of daily receipts. Accurate
records were kept. Althought just under a million people
were admitted, only slightly over 800,000 actually paid
as a result of "re-entries" and passes. In passing it is
interesting to note that $1,001.00 in counterfeit money
had been used to purchase admission tickets during the
Type C Exhibition ticket, no letter at lower right.
Centennial Exhibition Admission
LLUSTRATED here are three types of admission
tickets used at the Centennial. If additional letters
were employed within the engraved circles other than
those shown, then additional varities will exist. Ticket
"A" has the letter "A" within the engraved circle
at the lower right and the words "FIFTY CENTS" in
capital letters printed in red diagonally across the face.
Both the obverse and reverse of this type are printed on
thin white card stock. Ticket "B" has the letter "H"
set within the engraved circle; the obverse is printed on
white stock while the reverse is printed on a light green.
Reverse common to all three types of Exhibition tickets.
On ticket "C" there is no letter within the engraved
circle; the obverse is printed on white stock and the
reverse on pink. All three types have the printed
signature of David G. Yates, General Manager, Depart.
ment of Admissions.3
t • • 4'• • t va 4 ;•
PACKAGE' TIC HET.
•'.0-)417, rim' 11 ' 4
PACILI.GrE TIC HET.
' 'A 11, 1", A ro
Strap from a pack of 100 Exhibition tickets.
Envelope which contained ten Exhibition tickets.
Paper MoneyPAGE 152 WHOLE NO. 63
gates." They were also packed in envelopes containing
five and ten tickets with the large numeral "5" or "10"
respectively. The imypressed wax seal of the Philadelphia
Bank Note Company secured the back of the envelopes.
The Centennial National Banks
of 1876 •
V 1 1 HE year 1876 turned out to be the second leanestt year for the chartering of National Banks during
the entire note issuing period (1863-1935), with
only 29 banks chartered by the Comptroller of the
As an outgrowth of the prevailing patriotic atmosphere,
two of the 29 banks chartered selected "Centennial" as
a part of their bank titles. They were:
2317 The Centennial National Bank of the City of
2330 The Centennial National Bank of Virginia,
The Centennial National Bank of the
City of Philadelphia
This bank was chartered on January 19, 1876 and was
located at 3126 Market Street in Philadelphia. The
original officers of the bank were:
George M. Troutman, President, Charles Wheeler, Vice-President,
Theodore Kitchen, Cashier, S. S. Sharp, Ass't. Cashier, A. P. Ruther-
E. A. Rollins, Director, Clarence H. Clark*, Director, George F.
Tyler, Director, John D. Taylor, Director, Charles E. Pugh, Director.
* In 1900 the bank's deposits had risen to more than $3,500,000.00
with Clarence Howard Clark Jr. (the son of the bank's original
director) as president.
—closed on October 3, 1925, consolidated with charter #1.
—circulation assumed by charter #1.
—capital, $3,000,000.00 Par Value of stock, $100,000.00.
First Charter, 1875 series
10-10-10-10 plate=$741,080, bank serials-1 to 18527
Second Charter, Brown Backs
10-10-10-20 plate=$666,000, bank serials-1 to 13320
Second Charter, 1882-1908 Green Back s
10-10-10-20 plate=$805,700, bank serials-1 to 16114
Third Charter, Plain Backs, Blue Seals
10-10-10-20 plate=$1,413,050, bank serials-1 to 28261
Total amount of circulation issued=$3,625,830
—Amount outstanding, report of 1925=$196,000
- Responsibility for redeeming its circulation was assumed by Charter
The Centennial National Bank of Virginia,
Seal of the Philadelphia Bank Note Co. on a package of
The tickets were engraved and printed by the Phila-
delphia Bank Note Company and delivered to the
Centennial National Bank where they were strapped in
bundles of 100 and delivered to the Branch Office of the
bank at the Exhibition for distribution to the "money
This was the 15th of the 29 National Banks to be char-
tered in 1876. It had the distinction of issuing notes of
the three charter periods plus the 1929-1935 period. It
was located 27 miles northwest of Springfield and had a
population of 1200 in the year of chartering.
The Centennial National Bank of Virginia #2330
--chartered on April 11, 1876
placed in voluntary liquidation on Jan. 22, 1931; cap.—$50,000.
--absorbed by the Petefish, Skiles & Company State Bank, Virginia
WHOLE NO. 63 PAGE 153Paper Money
Fr. #552, Second Charter dated green back, Centennial National Bank of the City of
Fr. #632, Third Charter blue seal plain back, Centennial National Bank of the City of
Philadelphia, Irwin Fisher, cashier; E. M. Malpass, president.
Fr. #487, Second Charter brown back, Centennial National Bank of Virginia, Ill., John
J. Bergen, cashier; W. L. Black, president.
1014 1)T1111414 001111 1 111141T110:00
ttiii»Li,I 1 it
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UNITED STATES OF AMERICA
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Paper Money WHOLE NO. 63
♦IKC1 RIZ Kt unnenstins NOMA 1113,10,10 I111 I tll TIMARI: V.1 III 1101 q=0,3t,
/.5' sec ./17 ;
Fr. #658, Third Charter blue seal plain back, Centennial National Bank of Virginia, Ill.,
H. Salzenstine, ass't. cashier; W. M. Gooding, president.
cf,5. Miziz ioaa
March 5, 1818
Mr. Theo. Leonhardt,
Ono of our customers desires to knew the price of a cheek like
the enclosed per one-thousand. Please advise us.
Correspondence from Independence National Bank, Philadelphia,
signed by Theo. E.
—First Charter Series of 1875
5- 5- 5- 5 plate=$142,300. worth ; serials
—Second Charter Brown Backs
1 to 7115
5- 5- 5- 5 plate=$41,100. worth ; serials 1 to 2055
10-10-10-20 plate=$56,000. worth ; serials 1 to 1120
—Second Charter 1882-1908 Backs
5- 5- 5- 5 plate=646,040. worth ; serials 1 to 2302
10-10-10-20 plate=$79,000. worth ; serials 1 to 1580
—Third Charter Plain Back Blue Seals
5- 5- 5- 5 plate=$104,300. worth ; serials 1 to 5215
10-10-10-20 plate=$161,850. worth ; serials 1 to 3237
$ 5. type 1=$14,700. worth ; serials 1 to 490
$10. type 1=615,480. worth ; serials 1 to 258
$20. type 1.=$ 7,560. worth ; serials 1 to 63
--Total amount of circulation issued =6668,330.
- -Amount outstanding at close =6 27,637 1A
• -Amount of large-size outstanding at close=$ 6,5271/2,
Another National Bank Title Attributable
to the Centennial
One is reminded of the establishment of the Independence
National Bank of Philadelphia chartered in 1883 as No.
3085. An undeniable air of patriotism flourished for
years after the celebration closed with indelible reminders
of the honors bestowed upon it and Independence Hall.
The bank title of "Independence" was well-conceived
and certainly most appropriate. The bank lasted 18
years and had outstanding National Bank Notes at its
closing of $69,200.00 when it consolidated with The
Girard National Bank. charter No. 592 in 1901. The
0..ANIEL B. CUMMINS, Chairman;
Banks' and Bankers' Committee on Coins and Jurrency
of the U. S. Centennial Exposition.
' will be happy to co-operate with your
committee in forming a .National .Association, to take
!part in commemorating the Centennial .Anniversary of
our _National Independence, in the City of 'Philadelphia
in 1876, and will serve as a member of a Nationai
Committee to represent in part the Banks' and Bankers'
of the State of
(Please notify ....as to time. and place of meeting
of the Committee.
I have the honor to be
WHOLE NO. 63 PAGE 155Paper Money
latter bank itself was consolidated with The Philadelphia
National Bank, charter No. 539, in 1926.
The Independence National Bank of Philadelphia #3085
—chartered on Dec. 1, 1883
—placed in voluntary liquidation on May 3, 1901 ; cap.—$500,000.
—consolidated with #592
With so much talk about the Bicentennial next year, do
you know if anyone's interested in mementos of the
Our family heirlooms include a ticket to the U.S. Inter-
national Exhibition, held in Philadelphia. The ticket's in
perfect condition, a dark blue with the words "fifty cents"
printed on the front in red. It has the dates 1776 and
1876 in the corners.
—Second Charter Brown Backs
5- 5- 5- 5 plate =$497,940. worth ; serials 1 to 24897
10-10-10-20 plate=$222,800. worth ; serials 1 to 4456
—Total amount of circulation issued=$720,740.
—Amount outstanding at close
--Amount outstanding in 1910
—Bank officers according to Comptroller reports :
1884-1886 Peter A. Keller
1884-1885 Willard B. Moore
1887-1888 Charles Lennig
1886-1888 R. L. Austin
1889-1900 R. L. Austin 1839-1900 Theo E. Wiedersheim
Can you tell us if it's worth anything?
collector Harry Harris, who specializes in
mementos told us that owning a ticket to the
is nothing to get into a "dither" about.
And now, credit where credit is due for their indulgence
and assistance in making this timely endeavour possible ...
John Coleman, James A. Conlon, Director of the Bureau
of Engraving and Printing, William P. Donlon, John
Hickman, Stanley Janusz, Art Leister, David L. Levitt,
Gary Lonnon, Dr. John A. Muscalus, Barbara R. Mueller,
Hank Spangenberger, Malcomb G. Thompson and Louis
If in perfect condition, you might get as much as $5
for it but the most likely figure would be about $2.50.
Like all antiques and mementos it's a matter of supply
and demand and there are just too many of these tickets
in circulation, according to Harris.
Close to 10 million people visited the Fairmount Park
site during the 6-month exhibition that ran from May 10
to Nov. 10, 1876. There were 194 buildings, housing ex-
hibits in the fair area in West Fairmount Park that
stretched from the Schuylkill River to 52d st. and north-
ward to Belmont Plateau. Memorial Hall is the only
building left there today. Seven miles of avenues and
walks surrounded the fair grounds. A narrow gauge rail-
road, four miles long, transported visitors for a 5-cent
* Editor's Note: According to the best sources, the attendance
figure was one million persons, as stated previously by Mr. Warns.
References and Sources
Maass, John. The Glorious Enterprise, 1974. American
Life Foundation and Study Institute, Watkins Glen,
Additional syngraphic sidelights on the Centennial Ex-
hibition have been furnished by Ronald H. Horstman. The
following relates to a special numismatic display pre-
sented by the "Banks and Bankers' Committee on Coins
and Currency of the U. S. Centennial Exposition of 1876"
and a form of response:
Philadelphia Museum of Art. The Architecture of Frank
Reports of the Comptroller of the Currency
1. John Welsh, a public-spirited citizen, bought the land,
parcel by parcel, for the Centennial. Then he gave the
land to the City of Philadelphia for Fairmount Park. He
charged exactly $1 for the property. He also gave a large
portion of Wissahickon parkland to Fairmount Park.
Subsequently, he served as the U. S. ambassador to
2. From the Philadelphia Daily News, Dec. 23, 1975:
Bicentennial visitors will get a glimpse of America's
birthday blast when a miniature model of the 1876 World's
Fair goes on display next spring in Fairmount Park.
The 40-foot by 200-foot scale model of the Centennial
Exposition is being restored to its Victorian splendor for
$7,000 as a Bicentennial attraction. A sound and light
presentation is being installed to tell the story of the
Centennial in Fairmount Park.
The model, created by faculty and students at the
Spring Garden Institute in 1876, depicts the 236-acre
fairgrounds that stretched from George's Hill to the
Schuylkill, and from Parkside Ave. (then Elm Ave.) to
the Belmont Plateau.
Memorial Hall, headquarters for the Fairmount Park
Commission, and Ohio House, at Belmont Ave. and States
Drive, are the only two buildings remaining of the 249
that were part of the Centennial.
3. From the Philadelphia Sunday Bulletin, Dec. 21, 1975
"Mr. Fixit" column:
Paper Money WHOLE NO. 63PAGE 156
lailjterst. ommittee o furtotal
•---77 U. S. CENTENNIAL EXPOSITION OF 1876.- -
Philadelphia, November 21st, 1874.
The associated hanks of the city of Philadelphia desiring to nationalize and give efficiency in action to
the patriotic thought of the Centennial Exposition of 1876, unanimously adopted on the seventh of September
last, the following preamble and resolution.
wHIMEAS, In pursuance 01 recent legislation by Congress a cordial invitation has been extended by the Gov-
ernment or the United States to all foreign nations to take part and be represented. both through their people
and products, In I he Centennial Exhibition at Philadelphia in 1878, in commemoration of the Declaration of Independ.
ence, July 4th. 1778, which invitation has been generally accepted: and whereas, under the stimulus of such acceptance,
and other encouraging facts, the persons charged with its conduct have contracted for the erection of the necessary
buildings with responsible parties, who are diligently prosecuting work upon the same, and the proposes' exhibition,
In consequence thereof, is now commanding such attention from the people of the United States and of foreign
nations as to leave no doubt of its success: and whereas, it is designed and desired that every department of industry
and every class of business of the United States should be so represented at the exhibition HS to reflect credit uPon
itself; and give to our own tout foreign people an opportunity of forming an intelligent idea of the great progress, vast
resources. and immense capabilities of our country, and to effect so desirable an end the cordial and active co-operation
of those engaged in every department of agricultural, commercial, manufacturing, and financial business is necessary
and proper: and whereas the Centennial Commissioners, representing all the States and Territories, by resolution,
have invited the co-operation of the banks and bankers of the country for the purpose ; now, theiefore, be it
Itzsocven, That all national and other banks, and all bankers or the United States, be and they are hereby
invited to send representatives to a tneeting, to be held at Philadelphia, on the —I— day 4e,-; 187Sio form an
association for the purpose 1,1' collecting. classifying, and exhibiting in a suitable department of the Centennial
buildings specimens of the coins and paper money of the American Colonies, of the United States, and of all the States
from the earliest settlement of the country to the slate ■■f the exhibition, together with such statistics of banking and
finance generally as will make that department attractive, of historic interest, and illustrative of the deVelopment
and progress of the country.
At the same time they appointed a committee to correspond with the national and other kinks and hankers
and numismaticians of our country, asking their co-operation in the laudable effort to make the coinage and cur-
ren•y of the nation tell their story of a hundred years. This committee has added to its numbers, as appear below.
:11111i for the purpose of carrying into effect the above resolution cordially invite you to unite its an association to be
Icomposed of representatives of all national and other banks, bankers, and numismaticians of the United States,
In addition to the collection and exhibition of specimens of our national coins and currency, it is also deemed
appropriate and desirable to collect and exhibit specimens of all the ancient and modern coins of the world as
lbs as practicable.
When you accept this invitation, or appoint your committee to represent you in this association, be pleased,
to send your names and address to the chairman of this committee, who will notify yOu or them of the time
and place of meeting of the persons so appointed or accepting this invitation.
The Secretary of the Treasury, the Comptroller of the Currency, and the Treasurer of the United States,.
by their respective letters. Cordially approve of this movement, and promise their co-operation.
It has also been fully endorsed by the Director General and Financial Committee of the Exposition,
with request to enlarge the association and thus promote the general interest of the Exposition. We sincerely
hope this invitation will be proMptly accepted in the spirit in which it is given.
The Exposition is national not sectional. Let the past in its grand achievements encourage us, and let the
promotion of the honor or our whole country be the inspiratiOn and reward of our action.
D.• 13. Cummins, President Girard National Bank, Chairman,
George Ph iller, President First National Bank, Secretary,
Drexel, of the firm of Drexel & Co., Bankers, Treasurer.
Thomas Potter, President City National Bank.
lames T., Claghorn, President Commercial National Bank.
James Watson, President Consolidation National Bank.
Seater, of the firm ,■f E. W. Clark & Co., Bankers.
Camblos, of the firm of ('. Camblos & Co., Bankers.
George S. Fox, of the tints of BOwen & nix, Bankers.
N. B. Browne, President Fidelity Insurance Trust and Safe Deposit Company.
(•. Cope, President Philadelphia Saving Fund Society.
James Pollock, Superintendent United States Mint,
Lindley Smyth, President Pennsylvania Company for Insurance on Lives,.&c., &c.
Dr. H. C. Davis, Numismatician.
1 12 Solicitation from banker's group to form a numismatic display
at the Exhibition.
Paper MoneyWHOLE NO. 63 PAGE 157
A Swan Song
I N MY editorial in the last issue, you may recall thatI confidently invited writers from the discontinued
publications World Coins and Numismatic Scrapbook
to publish their work in PAPER MONEY. Now, just a
couple of months later, I regret to announce that due to
a sudden deterioration in my health, I must curtail some
of my journalistic activities. Because SPMC and the
entire hobby of syngraphics are growing at a rapid pace,
I find that my editorial duties for PM are getting beyond
my physical capabilities. Since I can no longer produce
the magazine on schedule, I must relinquish the editor-
Naturally, I do so with great regret. PM has been
my "baby" since 1964. It was a puny, 28-page quarterly
when I became its second editor. Through dint of the
hard work and devotion of many members and officers
who assisted me, the baby has grown into a vigorous,
hefty bimonthly magazine. At this point, therefore, I
wish to thank each and every person who has contributed
to our success over the past 12 years.
Of course, I realize that the magazine is not perfect.
There are gaps in coverage and an overhaul of the
graphics is long overdue. But these deficiencies should
be challenges to the next editor who can approach the
task with enthusiasm and energy not sapped by a decade
of hard work on one publication.
No one is irreplaceable; a new editor will be found
who will help SPMC realize its true potential. Perhaps
I can still contribute an occasional feature if he (or
she) can use it. Any any rate, I shall always treasure
my years of association with this organization and the
many lasting friendships made through it.
No Correspondence After July 1st
I had hoped to finish out the volume but now I
know that this is my last issue. If at all possible, I will
continue to receive and hold all editorial mail and collect
advertising accounts until a new editor is appointed but
under no circumstances later than July 1, 1976.
If no one has been appointed by that date, all PM-
SPMC mail addressed to me will be turned over un-
opened to one of our officers for safekeeping. I must
emphasize that this schedule is firm and I cannot deviate
from it. Please cooperate.
And now auf Wiedersehen and Danke SchOn!
Preliminary SPMC Plans for ANA
New York Convention
President Robert Medlar reports the following schedule
of SPMC events at the 1976 ANA convention at the
Thursday, Aug. 26th, Board Meeting, 8 AM breakfast
Thursday, Aug. 26th, General Membership Meeting,
Friday, Aug. 27th, Membership Luncheon, 12:30 PM
He also advises that once again Tom Bain will conduct
his famous raffle. To help repeat the great success of
last year, members are urged to contribute worthwhile
syngraphic material for it. Remember, it is a tax
deductible contribution and you will receive a receipt
to that effect. Tom's address is 3717 Marquette Dr.,
Dallas, TX 75225.
"Occasional Get-togethers" of SPMC'ers
The First Occasional Get-together of the Society of
Paper Money Collectors was held at Jamestown, North
Dakota, on November 2, 1975, at the invitation of the
Central Dakota Coin Club. Twelve members from three
states attended and several others, who were unable to
attend, were heard from.
Forrest Daniel, SPMC governor, explained the objectives
of the Society and displayed its several publications. The
meeting was a general discussion of the problems of
paper money collectors. It was felt that paper money
is a stepchild of numismatics and that the hobby needs
more promotion, even to the point of having a national
paper money convention in cooperation with related
The greatest needs, as expressed by the group, are
standardization of grading and pricing. The wide spread
of prices was a matter of concern, especially in the field
of National Currency. There was a call for a more
detailed study of the depletion rate of National Currency
notes. One member expressed the opinion that insurance
rates for paper money collections should be fixed at a
lower rate since each note can be positively identified.
The members felt that the exchange of ideas was a
good idea and expressed the hope that other meetings
can be held in conjunction with other coin shows in the
Members of the Society of Paper Money Collectors of
the Upper Midwest have been invited to hold their Second
Occasional Get-together at 9:00 A.M. on Sunday, June 13,
at the Civic Arena, Aberdeen, South Dakota, during the
25th South Dakota State Coin and Stamp Convention.
The Ringneck Coin and Stamp Club of Aberdeen is host
to the convention on June 11, 12 and 13.
Paper Money WHOLE NO. 63
The South Dakota convention will feature a three-day
seminar with speakers covering the fields of paper money,
coins and stamps, conducted by well-known area col-
lectors. Forrest Daniel of SPMC will present three ses-
sions covering paper money. His subjects will be "Paper
Money of the Colonies and the American Revolution,"
"Treasury Notes of 1812-1815" and "Running Antelope,
A South Dakotan Portrayed on a $5.00 Silver Certificate."
Featured speaker at the Saturday, June 12, banquet
will be Edward C. Rochette, excutive director of the
American Numismatic Association.
The 25th South Dakota Convention promises to be the
outstanding show of the year in the Upper Midwest.
Full details and program are available from Charles W.
Fulker, Box 10, Bath, South Dakota 57427.
News of Regional and Specialty Groups
Judaic Syngraphics Specialty Group Formed
SPMC member and author Franz Frankl has been
chosen as first president of the newly formed Judaic
Syngraphic Collectors Association (JSCA). Organized
for educational and fraternal purposes, the JSCA is to
promote, stimulate and advance the study of Jewish
syngraphics—paper money of the Palestine Mandate,
Israel, Turkey before 1918, Egypt 1917-1927, Jewish con-
centration camp and prisoner of war scrip, tokens and
chits of Palestine and Israel, paper tokens and associated
material pertaining to Zionist and Jewish numismatics.
Also elected were William Rosenblum as vice-president,
Stanley Yulich, treasurer, and Kerry Erickson, secretary.
The annual dues will be $10. Membership information is
available from Mr. Erickson at 1181 Oakes Blvd., San
Leandro, CA 94577.
Currency Club of New England Formed
Leonard H. Finn (SPMC 537) reports that in response
to a notice in PAPER MONEY, the Currency Club of
New England was formed at a meeting in his home
attended by 25 collectors. Four meetings a year are
planned. The first was held May 23rd at Providence, R.I.
Other meetings planned for 1976 are for September in
the Connecticut area and for November at the NENA
convention in Manchester, N.H. Dues are $5 annually.
For application forms contact the Secretary, CC of NE,
P.O. Box 232, Wilmington, MA 01887.
Rothert Teaches the Younger Generation
Matt Rothert, past president of the American Numis-
matic Association and SPMC'er, has just completed teach-
ing a course in "Beginning Numismatics" at the Fair-
view Middle School in Camden, Arkansas.
The course included an introduction to numismatics,
the evolution of the silver dollar, a study of the coins of
the bible, and touched on the subject of tokens, medals,
and paper money.
An average of 17 students comprised this class, which
was one of several "mini-courses" taught in the Fairview
Middle School to offer the students something other than
the normal school curriculum that might revitalize their
interest in school.
Rothert Fractional Collection Purchased by Rockholt
The outstanding collection of U. S. Fractional Currency
amassed by Matt Rothert, former president of the Amer-
ican Numismatic Association, has been purchased by
Rocky Rockholt of St. Paul, Minnesota. Rothert, the man
responsible for "In God We Trust" appearing on all of
the current U. S. currency, explained that he started his
collection in the mid 1940's, following an illness. Many
of the notes came from Stewart Mosher, who prior to
his death was employed by the Smithsonian Institute in
Washington, D.C. Other notes came from Herman Cro-
foot, Monrovia, N.Y., who had obtained them from
General Spinner's great-great granddaughter. "Mr. Phil"
Philpott of Dallas, Texas had also been a source of many
of the choice notes in the collection. Rothert acquired
numerous single notes at conventions over the years to
round out his own personal collection. The pedigree of
many of the notes makes them highly desirable.
Rockholt indicates he will study the collection for
future articles on Fractionals, keep some of the notes
for his own collection, and sell the remainder to one or
more collectors who also enjoy this specialty.
Nominations for Board of Governors
Harry G. Wigington, chairman of the 1976 Nominating
Committee, has announced the selection of the following
members for election to the Board of Governors:
Michael A. Crabb, Jr.
C. John Ferreri
Robert E. Medlar
Eric P. Newman
• BACK ISSUES
• BOUND VOLUMES
• STATE CATALOGS
See the newly revised listing
of available publications on
Page 118 of this issue.
WHOLE NO. 68
Paper Money PAGE 159
HARRY G. WIGINGTON, Secretary
P. O. Box 4082 HARRISBURG, PA 17111
New Member Roster
No. New Members
4631 Richard L. Biemer, R. D. #1, Conneaut Lake, Pa. C, D
National Bank Notes, foreign, Confederate,
broken bank & Obsolete
4632 Michael A. Tramte, 2141 North 53rd St., Milwaukee, C
U. S. Colonial Notes & U. S. general
4633 Kurt Watts, 2222 East 3380 South, Salt Lake City, C
Mormon & Confederate
4634 Donald P. Krebs, 400 Osprey P1. Drive, Brielle, C
4635 Richard C. Sneider, 2042 Howard Ave., Flint, Mi. C
U. S. small-size notes
4636 Warren P. Knoebel, P. 0. Box 162, New Berlin, C
4637 A. T. Morris, 1355 Orlando Dr., Baton Rouge, La. C
4638 Abbot Lutz, 1270 Ave. of the Americas, New York, D
4639 Michael Iacono, 168 Spring St., Medford, Ma. 02155
Silver certificates, errors, FRN's and Na-
tional Bank Notes
4640 George J. Hammel, 980 Kiely Blvd. #223, Santa
U. S. small notes & large notes
Clara, Ca. 95051
4641 Paul H. Carlson, P. 0. Box 323, Clemson, S.C. C
Foreign, general interest, insects illustrated
on paper money
4642 Thomas S. Kneitel, P. 0. Box 56, Commack, N.Y. C
Small size notes-silver certificates and legal
4643 Mark Louis Mendelson, P. 0. Box 37272, Cincinnati, C, D
4644 SP/5 Allan T. Halldorson, 223 Rainbow Apt. #33, C
Fractional and 1861 to 1923 large-size notes
San Antonio, Tx. 78209
4645 E. Reeves Marvel, P. 0. Box 72, Delmar, De. 19940
4646 Robert I. Wheeler, 1119 Main St., Hampstead, Md. C
4647 Leon Goodman, 3094 E. Livingston, Columbus, Oh. C
Block collecting, silver certificates & legal
tender of $1, 5 & 10, broken & Nationals
of Columbus, Ohio
4648 Chad Mrkonjic, 756 Monmouth Rd., Windsor, D
Paper money of world-general
Ontario, Canada N8Y 3L2
4649 Charles Ziegenfus, 332 Franklin St., Harrisonburg, C
National Bank Notes
4650 Kent E. Cady, 2123 No. # U.S. 1, Titusville, Fl. C
4651 Wesley J. Lee, 252 Neponset Valley Pkwy., Hyde
Large & small-size U. S. curency
Park, Ma. 02136
4652 Harvey Lee, Granite Terrace, Springfield, Pa. C
Federal Reserve bank notes & large notes
4653 Ray Carlsen, 1746 Bay St., Sarasota, Fl. 33577
U. S. small currency
4654 Michael Barron D/B/A Shell, Metal Mfg. Corp., C, D
U. S. large & fractional currency
P. 0. Box 681, Freeport, N.Y. 11520
4655 Y. Ahuja, 1950 Kennedy Rd., #914, Scarborough, C, D
Ont., Canada M1P 4S9
4656 George B. Shupp, 600 Seminary Ave., Rahway, N.J. C, D
Large notes & fractional currency
4657 Gary E. Wolfe, P. 0. Box 94, Otis, Co. 80743
4658 V. J. Dannreuther, P. 0. Box 151, Anguilla, Miss. C,D
4659 Sheldon Adler, 747 Main St., Manchester, Ct. 06040
4660 David M. Beach, 1322 2nd St., N.W., Watertown, C, D
All large bills & obsolete
4661 Calvin W. Kane, 8 Smithfield St., Pittsburgh, Pa. C, D
National Currency-type notes
4662 William F. Massey, Sr., 1424 Lafayette Lane, C
Modern U. S. paper money
Picayune, Miss. 39466
4663 W. Lance Parrish, P. 0. Box 747, Cayce, S.C. C, D
Confederate, state & obsolete bank notes
4664 David W. Moore, P. 0. Box 32034, Fridley, Mn. C, D
Paper Money WHOLE NO. 68
4665 John R. Salldin, 615-C Chelsea Place, Newport,
C Connecticut & Colorado obsolete notes
News, Va. 23603
4666 Robert E. Jones, 675 Humboldt, Denver, Co. 80218
C Large currency
4667 Henry Schlesinger, 415 East 52nd St., New York,
C U. S., fractional and large currency
4668 John R. Isted, 818 18th St., #A, Santa Monica,
C, D U. S. large-size
4669 Harold D. Pressel, Jr., 436 Hunting Park Lane,
C Large & small size currency
York, Pa. 17402
4670 Harry E. Eaton, P. 0. Box 238, Pomfret, Ct. 06258
2400 Earl A. Mann 3754 William S. Marvel
2591 Warren Coin Club
4366 James D. Forte
2327 Edward J. Gluesing 3524 Arnold Stebbins
3424 Carl C. Lavery 713 Clyde H. Proper
3957 Lindsay M. McLennan 3208 Dr. Paul G. Abajian
4299 Thomas J. Ashe
Specialty Ch ange
4059 Joseph F. Nowak
Changes of Address
4386 Arthur Aron, 7519 Maple Ave. #4, Takoma Park, 1733 Stanley W. Scieszka, 3619 Mt. Acomita Ave., San
Diego, Ca. 92111
4018 Sal J. Bonito, 333 W 57th St., Apt. 608, New 802 Neil J. Wimmer, 2324 Westover Terrace, Burling-
York City, N.Y. 10019
ton, N.C. 27215
2559 Martin T. Gengerke, Jr., 32-54 83rd St., Jackson 898 Jim Tom Nichols, 71 Driftwood Village, Mesquite,
Heights, N.Y. 11370
4412 Leroy J. Bellisario, 50 Oak Hill Rd., Southboro, 4256 Charles E. Straub, P. 0. Box 14, Willimantic, Ct.
804 Richard G. Bowman, 115 Glencoe St., Denver, Co. 2511 J. T. Tommy Wills, Jr., P. 0. Box 77, Woodlands,
2327 Edward J. Gluesing, 408 S. Albee Farm Rd., 3884 W. B. Patterson, 4060 Via Rio, Oceanside, Ca.
Nokomis, Fl. 33555
2572 Lawrence Becker, 9234 N. Lavergne, Skokie, IL 1991 David Schlingman, 8069 Stoddard, Kansas City,
1223 Henry H. Clifford, 1048 Armada Dr., Pasadena, 3233 Jerry Williams, 2645 North, Beaumont, Tx. 77702
4584 Clark Poppell, 1217 Mesa Rd., Mare Island, Ca.
3239 Douglas D. Hunter, M.D., 3000 Lawrence Ave. 94592
East, Suite 211, Scarborough, Ont. Can. 1830 C. C. Schlather, P. 0. Box 15568, Phoenix, Az.
3857 Winfield A. Becker, Jr., 119 Wood Lane, Haver- 3943 Joe C. Elliott, P. 0. Box 10325, Kansas City, Mo.
town, Pa. 19083
2565 Robert Cornell, 270 Maple St., Springfield, Ma. 3443 Douglas E. Robinson, P. 0. Box 26, Cascade
Summit, Or. 97418
3327 Walter Michael Holmes, 125 Aspen Ave., Spring 4415 Ricky Lee Smith, 2203 Briacliff Rd., Apt. #3,
Meadows, Sinking Springs, Pa. 19608
Atlanta, Ga. 30329
2962 David D. Cameron, Apt. #9, 4602 Okeechobee Rd., 4356 Matthew T. White, 904 Southerly Rd., Baltimore,
Fort Pierce, Fl. 33450
3421 Paul P. Hawley, 6944 Old Whiskey Creek Dr., 166 Matt Rothert, Sr., 656 Graham St., Camden, Ark.
Fort Myers, Fl. 33901
3927 Williard N. Blair, 405 S. Roardway, Coalgate, Ok. 3379 D. R. Sullivan, P. 0. Box 101, Oreana, IL 62554
4378 James L. Sneed, 4302 Pickwick Cir. #307, Hunt-
2170 M. Drillich, 30 Bay 29th St., Brooklyn, N.Y. 11214
ington Beach, Fl. 92649
2348 Joseph M. Homitch, P. 0. Box 30052, Seattle, 4454 John P. Rahm III, P. 0. Box 69A Colonial Dr.,
Perkiomenville, Pa. 18074
2100 Rev. G. F. Esser, St. Joseph's College, Rensselaer, 1696 D. J. Torrance, 31423 Marne Dr., Rancho Palos
Verdes, Ca. 90274
4264 Robert Jackson, 5825 Terrace Park Dr., Dayton, 2309 Glenn Hershberg, P. 0. Box 1639, Elko, Nv. 89801
3526 W. K. Raymond, 3212 1/z N. Isabel, Rosemead, Ca.
3870 John D. Bastolich, Apt. 202, 3804 Highcrest Rd., 91770
N..E, Minneapolis, Mn. 55421
3353 Stephen Tebo, 3141 28th St., Boulder, Co. 80302
3278 Joseph A. Esposito, Box 4222, Pompano Beach, 4306 John E. Hamm, P. 0. Box 29652, Dallas, Tx.
4349 Carl E. Kaleta, 5133 Glen Verde Dr., Bonita, Ca. 380 Leonard M. Rothstein M.D., 2503 Velvet Valley
Way, Owings Mills, Md. 21117
3634 Otto V. Barlow, Box 2043, Santa Barbara, Ca. 2623 George B. Tremmel, 422 Cool Springs Dr.,
Camden, S.C. 29020
r.i.11..91eX4131.11114.1WJAr. TWA r war PR,
cif itj.413,- S
(11 N.014":"1 " 1"li 122+74ac)
41..Lik1N PR GS
Paper Money PAGE 161WHOLE NO. 63
3531 Kenneth W. Fabian, 17224 Los Banos, Hayward,
3860 Robert Kravitz, 12342 Bennington Pl., #23, St.
Louis, Mo. 63141
4103 Ted J. Becker, 840 Park Place, Williston, ND
4382 Kent Froseth, c/o International Coin, P. 0. Box
23008, Minneapolis, Mn. 55423
597 Frederick E. Kennedy, 501 4th St., N.W., Demotte,
4493 LCDR William T. Broder, Comm. Bldg 6 10, NAS
Corpus Christi, Tx. 78419
2646 William J. Farrell, M.D., 87 Linla Lane, Schenec-
tady, N.Y. 12304
3651 Richard L. Mark, 7 Beechwood Dr., Clifton Park,
1742 Phil A. MacKay, Drawer J, Osceola, Mo. 64776
4599 Jerry R. Roughton, 2002 Carpenter St., Greens-
boro, N.C. 27403
4475 Charles G. Walker, 63 Falcon Rd., Livingston,
764 John J. Murphy, 42 Viola St., Lowell, Ma. 01851
4409 Louis A. Romero, 5111 Harold Way, Apt. 204, Los
Angeles, Ca. 90027
4197 Robert B. Walter, c/o Glenbrook Coin Shop, 253
Hope St., Stamfort, Ct. 06906
2314 John A. Moran, Jr., 420 Dickinson Dr., Devils
Lake, Mo. 58301
1997 Major Donald W. Schleicher, Hq JUSMAG-K
P. 0. Box 33, APO San Francisco 96302
4019 Richard E. Reed, Apt. 103, 9120 Fontainebleau
Blvd., Miami, Fl. 33172
742 Jerome H. Remick, P. 0. Box 9183, Quebec, G1V
4B1, P.Q., Canada
2891 Richard H. Skillin, 2581 Hypoluxo Rd., Lantana,
3192 SFC Howard A. Daniel III, ODCSI, Systems
Division, APO New York 09403
3116 Gary F. Morrow, Northlake Office Park Bldg.,
Suite 580, 2310 Parklake Dr., N.E., Atlanta,
577 David F. Paskausky, Apt. 1B, 2614 Ft. Farns-
worth Rd., Alexandria, Va. 22303
3354 Fredric G. Mantei, Jr., P. 0. Box 720, Garden
City, N.Y. 11530
3462 Robert J. Galiette, 114 Mapleridge Dr., Water-
bury, Ct. 06705
1234 Robert J. Rooks, 407 Tangle Dr., Jamestown, N.C.
2854 Tom Wass, Suite 210, 9601 Wilshire Blvd., Beverly
Hills, Ca. 90210
3229 William J. Waken, 1716 S. Van Buren, Enid, Ok.
2484 Joseph R. Mileham, 3123 So. Dirksen Parkway,
Springfield, Il. 62703
OBSOLETE PAPER MONEY
(Bank Notes, Script, Warrants. Drafts)
of the AMERICAN WEST
Oregon. California, Idaho, Nevada, Arizona, Utah. Mon.
tang. New Mexico, Colorado: Dakota, Deseret, Indian,
Cash paid, or fine Obsolete Paper traded.
Have Proof notes from most states, individual rarities, seldom seen denominational=_, Kirtlands, topicals; Colonial, Continental;
CSA, Southern States notes and bonds. Also have duplicate Western rarities for advantageous trade.
JOHN J. FORD, JR. P. O. BOX 33, ROCKVILLE CENTRE, N. Y. 11571
A Good Stock
P. 0. BOX 1358, VENICE, FLA. 33595
Paper Money WHOLE NO. 63
FOR USE BY MEMBERS OF THE SOCIETY ONLY
PAPER MONEY will accept classifield advertising from members on a basis of 5c per word, with a mini-
mum charge of $1.00. The primary purpose of the ads is to assist members in exchanging, buying, sell-
ing, or locating specialized material and disposing of duplicates. Copy must be non-commercial in na-
ture. At present there are no special classifications but the first three words will be printed in capital
letters. Copy must be legibly printed or typed, accompanied by prepayment made payable to the So-
ciety of Paper Money Collectors, and reach the Editor, Barbara R. Mueller, 225 S. Fischer Ave., Jeffer-
son, Wis. 53549 by the 10th of the month preceding the month of issue (i.e., Dec. 10, 1975 for Jan.
1976 issue). Word count: Name and address will count for five words. All other words and abbrevia-
tions, figure combinations and initials counted as separate words. No check copies. 10% discount for
four or more insertions of the same copy. Sample ad and word count:
WANTED: CONFEDERATE FACSIMILES by Upham for cash or trade for FRN block letters.
$1 SC, U. S. obsolete. John Q. Member, 000 Last St., New York, N. Y. 10015.
(22 words; $1; SC; U. S.; FRN counted as one word each)
( Because of ever-increasing costs, no receipts for MONEY MART ads will be sent unless specifically requested.)
1907 DEPRESSION SCRIP wanted from Iowa, South
Carolina, Montana, Wisconsin, Georgia, Maine and several
other states. Write to Torn Sheehan, P.O. Box 14, Seattle,
WA 98111 (66)
SET 12 CRISP, uncirculated $2 Federal Reserves, one
from each district, $31 postpaid, insured. James W.
Seville, Drawer 866, Statesville, NC 28677 (65)
PAPER MONEY MAGAZINES: nice set of whole num-
bers one through thirteen wanted. I seek all types of Con-
necticut paper, especially uncut sheets. Thanks. Robert
Galiette, 114 Mapleridge Dr., Waterbury, CT 06705
SPRINKLE HAS UNCUT sheets of Cuba bills available.
I am buying stock certificates, bonds. Frank Sprinkle,
Box 864, Bluefield, WV 24701
45 BROKEN BANK note sheets for sale by mail bid to
highest bidder. Send stamp for list closing June 15.
E. B. Overlock, 66 Presidents Road, Buzzards Bay, MA
1976 BICENTENNIAL GREETINGS: This old farmer
boy wants only one of the 12,500 issued hometown
Pleasanton, Kansas Nationals. Thanks. Ed Keck, 5700
Carbon Canyon, Brea, CA 92621
WANTED NEW YORK obsolete and National Currency.
Especially from Mid-Hudson, Catskill area. Need N.B. of
Wappingers Falls, charter number 9326. Martin Mohnach,
Dogwood Hill Rd., Wappingers Falls, NY 12590
FOR SALE: $20.00 VF FRN 1969-A Richmond district
with L.R. "5" in border. $32.50. Henry D. Blumberg, Box
109, Little Falls, NY 13365
HARPER, KANSAS 8307: I need notes on this charter
number. R. Duphorne, Box 3753, Albuquerque, NM 87110
WANTED IOWA CURRENCY. Obsolete and Nationals,
especially Council Bluffs banks. Will buy or trade for.
I have many obsolete northern and southern state notes,
fractionals and odd denominational notes for trade. David
Linberg, Bus. Dir., Mercy Hospital, 800 Mercy Dr.,
Council Bluffs, Iowa 51501 (65)
MISSOURI CURRENCY WANTED: Large-size Na-
tionals, obsolete notes and bank checks from St. Louis,
Maplewood, Clayton, Manchester, Luxemburg, Carondelet
and St. Charles. Ronald Horstman, Rt. 2, Gerald, MO
WANTED: CONNECTICUT OBSOLETE notes, scrip,
checks, coins, tokens, etc. Also interested in National Cur-
rency from Windham National Bank charter #1614.
Charles E. Straub, P. 0. Box 14, Willimantic, CT 06226
MORMON-SCOUT-OLD newspapers-documents wanted.
Large quantities only. Harry L. Strauss, Jr., Box 321,
Peekskill, NY 10566 (73)
WANTED: GEORGIA OBSOLETE currency, scrip. Will
pay fair prices. Especially want—city, county issues,
Atlanta Bank, Bank of Athens, Ga., R.R. Banking, Bank
of Fulton, Bank of Darien. Pigeon Roost Mining, Monroe
R.R. Banking, Bank of Hawkinsville, La Grange Bank,
Bank of Macon, Central Bank Miledgeville, Ruckersville
Banking Co., Bank of St. Marys, Bank of U.S., Central
R.R., Marine Bank, Cotton Planters Bank. Many other
issues wanted. Please write for list. I will sell duplicates.
Claud Murphy, Jr., Box 921, Decatur, GA 30031 (64)
WANTED: HAWAII AND North African notes in AU
or better condition. Joe De Corte, 13917 Rosecrans Ave.,
Santa Fe Springs, CA 90670 (64)
KANSAS BANKNOTES WANTED: serious collector
seeks National Banknotes from Kansas and interesting
notes from other states. Please price and describe. C.
Dale Lyon, Box 1207, Salina, KS 67401 (68)
MAKE BEST OFFER: (all circulated but crisp)
Stars: $1 B04538099*; $5 D05165342*; $10 B02503656*,
B23587289*, B23186005 5 ; $100 B00344217*, L01089141*,
L00475300*, B00872596*, B00896205*; also $100 G1029-
4122A (Chicago) Series of 1934, signed by Julian &
Vinson. Dr. L. Boyar, P.O. Box 942, New York, NY 10023
NEW JERSEY CURRENCY wanted. Colonial, obsolete
notes/sheets, scrip and checks. I have some duplicate notes
for trade. John J. Merrigan, Jr., 2 Alexandria Dr., East
Hanover, NJ 07936 (65)
CLEARINGHOUSE CERTIFICATES AND checks pay-
able only through a clearinghouse wanted by collector
and researcher. Have varied items for trade. Tom
Sheehan, P. 0. Box 14, Seattle, WA 98111 (63)
FRENCH INDO-CHINA, VIETNAM banknotes, MPC
wanted. Duplicates traded. Describe and price first letter.
(ANA 10 550). Mervyn H. Reynolds, P. 0. Box 1355,
Fort Eustis, VA 23604 (66)
WANTED NEW JERSEY large and small size National
Bank Notes. Write with full description and price. Robert
W. Hearn, P.O. Box 233, Hackensack, NJ 07602 (66)
WANTED: FIRST THREE volumes of Paper Money.
Whole numbers 1 to 13 incl. W. H. McDonald, P.O. 704,
Station "B", Willowdale, Ont. M2K 2P9 (64)
NEW ILLUSTRATED LIST
Any and all Fractional or related materia ti
(books, Spinner items, etc.). Sell to a
specialist for the best possible offer.
LEN AND JEAN GLAZER
P. O. BOX 111
FOREST HILLS, NEW YORK 11375
CONTINENTAL & COLONIAL PAPER MONEY FOR SALE
5-day return privilege. Satisfaction or an immediate cash refund. Send for our next list-
ing of paper money, free for the asking. Includes Nationals, large-size type notes, frac-
5/10/75 $6 VF $55; $7 VG-F $30
11/29/75 $7 Almost VF $50
2/17/76 $1/3 PI B VG
$25; $1 AU, red sig
and serial not legible $75
$3 XF-AU $60; $5 Fine $30;
another in CU. Trim touches at R, fresh
and bright ....$90; $7 AU, choice ....$85
5/ 9/76 $7 VF $40
7/22/76 $6 AU ..$125; $8 VF-XF, scarce $80
11/ 2/76 $30 CU, fresh and bright, large mar-
2/26/77 $30 Superb Gem. Corner sheet mar o ins
at L & T. Fantastic note $350
4/11/78 $40 Contemporary Counterfeit. "Eorty"
variety. Choice AU
9/26/78 $5 G-VG ....$10; Same, CU, narrow
margin at L ....$90; $8 F-VF ....$25
$30 CU ....$100; $60 AU $70
1/14/79 $2 AU
$75; $5 XF, stain $40
$40 CU, sheet margin at R $100
$55 CU $100; $70 CU, very faint
toning on one edge of rev $125
6/ 7/76 2sh F-VF. Slash cancel
6/19/76 6d XF ....$50; 9d CU, slash can $50
10/ 1/77 2d, blue Fine, slash cancel $20
4d, blue VF, uncanceled $40
7/ 1/80 20sh. VF+. Slash cancel $30
1776 $4 Liberty Cap. XF, an exquisite note.
Bright, no sign of age, sharp sigs $850
4/10/74 $4 XF, crisp 5- fresh $45
12/ 7/75 $1/3 or $1 in VG $15 each; $4/3
or $4 in G-VG $12 each.
8/14/76 $2/3 Good
$8; Same, VG $16
10/18/76 6d Codfish & Pillars. Paul Revere plate.
VG-F, especially sharp Pine Tree re-
10/16/78 3d Good+. Age, repair $75; 8d,
Fine. Reverse especially sharp. A choice
Revere note $170
1779 4sh Fine, some age but design strong $180
4sh-F8d. XF or better. Outstanding $300
5/5 /80 $1 AU, hole cancel ....$30; $5 VF, hole
cancel ..$18; $20 VF, hole cancel ....$18
1729 4 pounds. Unsigned reprint described by
Newman. AU, with small chunk out of TL
11/ 3/75 40sh. VF-XF. Very attractive $325
20sh Ben Franklin. VG, horiz fold
strengthened. Reverse credits quite
18d AG, backed ..$35; lOsh G+
15sh VG ..$95; 20sh nearly Fine ....$160
21/2sh VF-XF, minor age
$65; 5sh CU Gem
$100; 6sh CU $90
21/2sh Fine+ ....$45; 20sh Fine ....$40;
20sh Fine+ $45
4/ 8/62 3 pounds. PI B. Good, scarce $38
12/31/63 18d, PI A. CU, fresh
3/25/76 18d, PI C CU $70; 12sh, PI A
6/ 9/80 $1 AU, irregular lower margin
1786 1 sh. About Good. Vertical centerfold
strengthened and area of discoloration near
center. Still a Colonial of Great Rarity ..$150
DON. C. KELLY
OXFORD, OHIO 45056
MORE COLONIALS FROM DCK
4/15/58 5 pounds. VG+. High-grade note for
this issue $100
4/ 2/59 5 pounds. VG+ $100; 10 pounds,
Fine though some separation along
centerfold $1 15
2/16/71 10 pounds. Fine+, a few edge splits
as usual $60
8/25/74 4sh. First Water Works issue. F+
9/ 2/75 $10 VF. Red sig of Denning is faint.
Too cheap at $100
3/ 5/76 $2/3 F-VF ....$60; Same, AU
1 Osh VF, sigs weak $145
4/ 2/76 $ 1/4 Shark. Good. Repaired and backed
$45; $2 Fawn G-VG, attractive $120
5/15/79 $5 "Be Freedom." Nice VF $125
6/18/64 20sh PI A VG, Ben Franklin $85
Another, nearly Fine, with 3 strong sigs
Neave, Stretch, Bringhurst
3/20/71 1 Osh, PI A. Vivid red & black, VG-F
Collins, Shoemaker, Howell sigs ....$70
20sh, PI B. VF $100
10/ 1/73 50sh CU, lovely type note
3/25/76 16sh Lighthouse note. XF-AU
10/25/76 2sh CU Gem
12/ 8/75 40sh PI A. CU, one sig faint
4/10/77 3d PI C. VG
$15; 12sh VF
1/15/76 20sh VG-F. Light ageing. Strong sigs of
Arnold, Congdon, and Wanton. A very
difficult series $225
5/86 Uncut Pane of 4 notes, 3, 5, 6, 10 shillings.
Folded between notes, horiz fold is partially
separated. Good display item $275
3/ 1/81 $100 G-VG. Edge splits & flaking of
upper border. Cheap enough $40
13 COLONY SET - PLUS - 3 CONTINENTALS *
Consists of the following 16 Notes:
Continentals. 5/10/75 $8 Fine+
2/17/76 $1/3 VG
1/14/79 $65 VF
Connecticut 6/7/76 1 sh Fine+
Delaware 1/1/76 lOsh VF-XF
Georgia 1777 $3 VF (preservative on rev)
Maryland 12/7/75 $8 VG
Massachusetts 5/5/80 $3 VF, hole cancel
New Hampshire 4/29/80 $5 VG, hole cancel
New Jersey 3/25/76 1 sh VF
New York 3/5/76 $1 XF
North Carolina 8/8/78 $10 Fine
Pennsylvania 4/25/76 40sh VF
Rhode Island 1786 2 pounds XF-AU
South Carolina 6/1/75 5 pounds Fair-Good
Virginia 10/7/76 $10 VF
A splendid set-ready for exhibition $850
DON. C. KELLY
OXFORD, OHIO 45056
UN) FED -STATES
FEDERAL RESERVE NOTES
FEDERAL RESERVE NOTES
ur4 F IS STATES
SMALL SIZE CURRENCY
r4 I E r A E S
• EXPERIMENTAL ISSUE
N 7 F STATES
••••• CUT. YU Alr.
ON It MOYAI.
• LI% In a.m....Si
UNI ,D STATES
LEGAL TENDER NOTES
Dull ED STATES
[ • • •• -
- w - -
For An Award Winning Collection
MOUNT YOUR U.S. PAPER MONEY ON
IX CURRENCY ALBUM PAGES
The following sets of PHOENIX CURRENCY ALBUM PAGES and
mounts will accommodate ALL small size U.S. currency issued
from 1928 to date.
Legal Tender Notes
Series Capacity Retail
L-01 One Dollar 1928
L-02 Two Dollars 1928-63A 14 3.25
L-05 Five Dollars 1928-63A 12 2.50
L-3B Any Denomination ANY 18 3.00
S-EA Emergency Issue - Africa 1934-35A 3 1.00
S-EH Emergency Issue - Hawaii 1934-35A 4 1.00
S-RS Experimental Issue - "R" & "S" 1935A 2 .50
S-3B Any Denomination ANY 18 3.00
G-01 Ten and Twenty Dollars 1928 2 .50
N-05 Any Denomination 1929 12 2.50
N-3B Any Denomination 1929 18 3.00
Federal Reserve Notes-$1. District Sets
01-1 Granahan-Di I Ion 1963 12 2.50
01-2 Granahan-Fowler 1963A 12 2.50
01-3 Granahan-Barr 1963B 5 1.50
01-4 Elston-Kennedy 1969 12 2.50
01-5 Kabis-Kennedy 1969A 12 2.50
01-6 Kabis-Connally 1969B 12 2.50
01-7 Banuelos-Connally 1969C 10 2.25
01-8 Banuelos-Shultz 1969D 12 2.50
01-9 Neff-Simon 1974 12 2.50
Federal Reserve Notes-$1. Star Note Sets
01-1B Granahan-Dillon 1963 34 7.25
01-2B Granahan-Fowler 1963A 70 14.75
01-3B Granahan-Barr 1963B 13 3.00
1969 36 7.50
01-5B Kabis- Kennedy 1969A 32 6.75
01-6B Kabis-Connally 1969B 35 7.50
01-7B Banuelos-Connally 1969C 25 5.50
O1-8B Banuelos-Shultz 1969D 44 9.25
01-9B Neff-Simon 1974 20 4.25
Federal Reserve Notes
F-3B Any Denomination ANY 18 3.00
Small Size Currency
AP-3B All Purpose (Errors, radars, etc.) ANY 18 3.00
ALL PHOENIX CURRENCY ALBUM PAGES fit any standard three-ring loose-leaf binder.
Please include 50c for postage & handling on all orders.
VALLEY COIN SHOP 695 WASHINGTON ST., SO. ATTLEBORO, MA 02703
NEW YORK STATE NATIONALS
ALL SIZES AND TYPES
Glen Head 13126
Great Neck 12659
New York City (Dunbar N.B.) 13237
Bay Shore 10029
Hampton Bays 12987
Port Jefferson 5068
Port Washington 11292
Port Washington 13310
Central Islip 12379
Rockville Center 8872
East Hampton 7763
Kings Park 12489
Rockville Center 11033
East Islip 9322
Kings Perk 14019
East Northport 12593
Lake Ronkonkoma 13130
East Rockaway 12818
East Setauket 11511
Long Beach 11755
Long Beach 13074
Smithtown Branch 9820
East Williston 13124
Valley Stream 11881
Floral Park 12449
West Hempstead 13104
Franklin Square 12997
I also need Obsolete Currency and Scrip from any of the above listed towns as well from:
Suffolk County Bank of Sag Harbor
Interested also in Chicago, Illinois #12227—Douglass National Bank.
I will also buy old "Satirical" and fantasy cartoon currency poking fun at political
Also needed are any bills with numbers similar to 20202020, 0202020, etc.
DR. ALAN YORK
NUMBER ONE MAIN STREET, EAST HAMPTON, NEW YORK 11937
At their NEW SHOWROOMS in the
Strand Stanley Gibbons Currency
have something to tempt the
most discerning collector
-0( MILITARIA AUCTION at the
4( Imperial War Museum 5th
-4( May 1976, Banknotes,
4( Medals, Maps and Stamps.
ir All with a military flavour.
1 Catalogue from the ImperialWar Museum or StanleyGibbons Auctions Limited.
..x Price £1.
Stanley Gibbons Currency, the
world's leading specialists in paper
money and dealers in rare and
beautiful coins, cordially invite you to
visit them at their new showrooms,
now open to the public at 395 Strand.
Here, you will be able to view, at your
leisure, banknotes from almost every
country in the world, together with
some of the most ancient and
beautiful coins ever struck. Our
friendly staff will be in attendance to
advise you with any enquiries you
may have and as an extension to our
'Service to Collectors' the new
showrooms will be open 9 am to
5.30 pm Monday — Friday and from
9.30 am to 12.30 pm on Saturday
STANLEY GIBBONS CURRENCY LIMITED
395 STRA\D, L0\90\ WC2R OLX, E\GLA\D
$10 SILVER CERTIFICATE 1933 AA EF $1065.00
$10 SILVER CERTIFICATE 1934B AA Choice CU 565.00
(BOTH OF THE ABOVE HAVE EVEN MARGINS)
SPECIAL: $5 1934A North Africa K44 (Fifth Issue) CU $35.00
$1 SILVER CERTIFICATES
1928C DB F+ 1 1 5.00 1935A North Africa CU 23.50
1928C FB F+ 135.00 1935A N. Africa *A F/VF 75.00
1928C HB VG/F 60.00 1935A Hawaii *A EF 125.00
1928C IB F 135.00 1935A CD CU 75.00
1928D CB VG/F 75.00 1935C KD CU 60.00
1928D GB AU 185.00 1935D (W) KG CU 30.00
1928D IB F 65.00 1935D (W) LG CU 80.00
1928E HB VF 335.00 1935D (W) MG VF 60.00
1928E 1B EF 515.00 1935D (W) "C AU 110.00
* * * * * * *
$1 SC 1935A MULE
$2 USN 1928 AA
$5 SC 1934B *A
$5 SC 1953B *A
$10 SC 1934A North Africa *A
* * * * * *
$50 FRBN 1929 B° VF+ 135.00
$100 FRBN 1929 J 0 Choice CU 340.00
$10 GC 1928 AA Nice AU 45.00 $5 FRN 1928 DA CU 40.00
$20 GC 1928 AA AU 45.00 $5 FRN 1928 KA CU 40.00
$50 GC 1928 AA AU/CU 235.00 $10 FRN 1928 CA CU 40.00
(The above note would be a slider.) $10 FRN 1928 I* F 40.00
-CLOSE-OUT SPECIAL $20 FR.N 1928 IA CU 45.00
$10 SC 1934A N. Africa VF 15.00 $10 FRN 1928B AA DGS CU 25.00
* * * * * * * * * * * * *
$1 SC 1935A Hawaii C0000375xC
$1 SC 1935G
(NM) C000007xxJ CU 8.00
$1 SC 1957 Plates #1 A000036xxA
$1 SC 1957B E000012xxA
$1 SC 1957B S000012xxA CU 3.50
$1 FRN 1963A J7x777777A
$1 FRN 1963A J8x888888A CU 10.00
$1 FRN 1974 H6666666xA CU 10.00
$1 FRN 1974 H66666x66A CU 6.00
I don't work with
Nationals. The following are all I have. They are some good ones!
FR 36 $1 1917 Legal (Red Seal) Star B, Nice AU 200.00
FR 238 $1 1923 S. C. (Blue Seal) Star D CU 85.00
FR 756 $2 1918 FRBN Philadelphia (Battleship)
Nice EF 90.00
$5 1914 FRN Boston Star A F+ 40.00
The note listed below is believed to be less than three known.
FR 652 $20 1902 The First N.B. of Camden, Ohio M8300
(Signatures have faded.)
$10 1929 TI The First N.B. of Birmingham, Ala. 3185
$20 1929 TI
The First N.B. of Miamiburg, Ohio 3878
(The above has S/N F000005A and Face Plate #1. Nice name.)
$50 1929 TI The Bishop N.B. of Honolulu, Hawaii 5550 VF 165.00
* * * * * * * * * * * * *
-FULL RETURN PRIVILEGES-
Man y other Small SC's and USN's available.-1 also BUY small.
GRAEME M. TON, JR.
203 47th STREET
GULFPORT, MISS. 39501
(601) 864-5244 AFTER 1 P.M.
This Could Be Your Last Opportunity To Obtain A
Copy Of The Exciting Publication ...
Sixteen NATIONAL BANKS
AND THE MINING CAMPS THAT SIRED THEM
LESS THAN 100 COPIES AVAILABLE
All 16 original Nevada bank structures are illustrated as they were!
Charter 1331—Austin, Nevada F.N.B. first bank to be chartered west of Denver.
Charter 2478—Reno, F.N.B. Issued only $20. F.C. notes, illustrated.
Charter 3575—Winnemucca, F.N.B. Only Nevada N.B. to issue Brown Backs, illustrated.
Charter 7038—Reno, Farmers & Merch., N.B. 4-3rd. Ch. and 5-1929-35 notes illustrated.
Charter 7654—Lovelock, F.N.B. One 3rd. Ch. and 2 1929-35 notes illustrated.
Charter 7743—Elko, F.N.B. 4-3rd. Ch. and 3 1929-35 notes illustrated.
Charter 8424—Reno, Nixon N.B. only Nevada N.B. to issue $50 and $100 notes.
Charter 8530—Tonopah, Nev., F.N.B. One 3rd. Ch. note and one 1929-35 note illustrated.
Charter 8561—Ely, F.N.B. One of 2 national banks still in operation, 5 notes illustrated.
Charter 8686—Rhyolite, F.N.B. site of a great gold discovery, petered out in 3 years.
Charter 9078—Goldfield, F.N.B. only one note has survived, $5. red seal, illustrated.
Charter 9242—Carson City, F.N.B. The bank structure is now a bingo parlor.
Charter 9313—Ely, Ely N.B. operated for 63 years. 2 1929-35 notes illustrated.
Charter 9452—McGill, McGill N.B. Third Ch. note and scarce $20. Ty-2 note shown.
Charter 9578—East Ely, Copper N.B. $10. and $20. third charter notes are shown.
Charter 11184—Eureka, Farmers £7 Merch. N.B. only issued small size notes, 3 shown.
Histories and a complete listings of notes issued to each bank are shown. In all there are 53 different
notes illustrated, 26 large and 27 small notes, plus 5 sheets and a part sheet.
Note: This a limited edition and will not be reprinted.
EXCERPTS—From What Is Being Written About The Nevada "Sixteen"
Warns' classic book on the Nevada national banks is a perfect example of how numismatics and syngraphics tie in with
all respects the Frontier West, with the gold rushes, Wells Fargo, Virginia City, the Comstock and just about every-
thing connected with the early development of Nevada and its fabulous gold mines.
Morey Perlmutter, Western Americana specialist.
This book's title, already long enough, might well have included the words "A Pictorial History of" since well over half its
contents are reproductions of documents, bank notes and related pictures of early Nevada. Merely gathering this docu-
mentary material was an awesome task and undertaking. Maybe one sentence from the State Archivist sums it all up :
"Many unknown facts and history are to be found within its many pages."
American Numismatic Association, Review by Glenn B. Smedley.
A review of your book, "The Nevada 'Sixteen' " will appear shortly in our Society's quarterly publication. Banking is one
of those subjects in Nevada's history which never seemed to have been written about.
Nevada Historical Society, Ralph Earle, curator.
S.P.M.C. MEMBERS ONLY $15.00 - SAVE $2.50 (PRICE TO NON-MEMBERS $17.50)
Mail Your Check To M. 0. WARNS Publication Fund
POST OFFICE BOX 1840, MILWAUKEE, WIS, 53201
AMERICAN BANK NOTE
A 36-page reprint of the famous articles which originally ap-
peared in Harper's New Monthly Magazine in 1861 and 1862.
Beautifully illustrated with dozens of fine-line woodcut en-
$2.95 plus .40 first class postage. N.Y. residents please add 7%
G. A. FLANAGAN
P. O. BOX 191, BABYLON, N.Y. 11702
The Hickman and Oakes
NATIONAL BANK NOTE LIST NO. 54
will be ready for mailing in May.
I f you are not on our regular list, send $1 to receive the next three
copies of this outstanding regular list, which includes notes from
all charter periods, and usually representative notes from at least
47 of 50 states.
Our sealed Mail Bid Sale was a tremendous success-237 lots sold,
bringing record prices. This catalogue will be a valuable refer-
ence. If you have not received a copy of the caatlogue and prices
realized, we have a few available for $2.50. We also will pro-
vide a hardbound copy, @ $7.50.
HICKMAN and OAKES
P. 0. BOX 1456
IOWA CITY, IOWA 52240
IOWA IOWA IOWA
NATIONAL BANK NOTES
From the following IOWA cities and towns:
Adair Estherville Holstein Marshalltown
Afton Floyd Ida Grove Nashua
Belmond Fort Madison Ireton Northboro
Blockton Garden Grove Jesup Olin
Brighton Gilmore Lansing Orange City
Brooklyn Goldfield Lawler Sanborn
Clutier Grafton Lineville Sutherland
Coin Hamburg Linn Grove Wesley
College Springs Harlan Lisbon
Dike Harris Macksburg
Please state condition and price or send insured for my fair offer to
WILLIAM R. HIGGINS, JR.
BOX 64, OKOBOJI, IOWA 51355
ANA Life #109
MISSOURI NATIONALS WANTED
Will Buy Any Condition If I Need The Bank.
Keenly interested in Uncut Sheets & other material pertaining
to National Banks from 1863-1935.
List information and prices in first letter and send for prompt
KANSAS CITY, MO 64111
$10.00 3rd Charter period. The First National
Bank of Hawaii at Honolulu, territory of Hawaii.
Charter No. 5550, Very Fine $875.00
$10.00 National Gold Bank Note, Series of 1875,
Charter No. 2193, The First National Gold Bank
of Petaluma. Serial No. 244. Printed on white
paper. Presently Unique. Very good ....$3,850.00
$10.00 Second Charter Brown Back, Charter No.
5587, The Exchange National Bank of Alva,
territory of Oklahoma. Serial Number One, Very
$10.00 Second Charter Brown Back, Charter No.
5129, The First National Bank of Durant, Indian
territory, fine condition $2,600.00
$10.00 First Charter Period, Charter No. 2614
Series of 1875, The First National Bank of Al-
buquerque, territory of New Mexico. About very
$20.00 National Gold Bank Note, Series of 1875,
Charter No. 1741, The First National Gold Bank
of San Francisco, Serial No. 860. Printed on
white paper. Presently only 3 exist. Very
$100.00 Friedberg 378 Coin or Treasury Note of
1891. Finest known of a possible eight surviv-
ing. Most of the eight surviving are taped, cor-
ners restored, corners burnt or very low grade.
Very Fine and Very Beautiful, ex. Philpott
WOODCLIFF INVESTMENT CORP.
P. 0. BOX 135
LODI, N.J. 07644
Phone (201) 327-1141
3Ete aid and sifICl2 1766
An Important Collection of
W. H. Lizar's Printer's Proof
On Tuesday, May 25th at 11:00 A.M.
Christie's hold regular sales of coins, medals and banknotes. Our
expert Raymond Sancroft-Baker will be pleased to offer advice to
those wishing to buy or sell. For further information please con-
tact him at the address below:
8 KING STREET, ST. JAMES'S, LONDON SW 1
Tel: (01) 839 9060 Telex: 916429 Telegrams: Christiart, London SW1.
"S" . I te 4,A.1 A
TYPE NOTES WANTED
NATIONAL CURRENCY ...
1882 BB $10 #170 St. Louis, Mo. VF 95.00
1902 $20 #4137 Marinette, Wi. VG/F 55.00
1902 $10 #4631 Lead, SD VF/XF 275.00
1902 $5 #4605 Chicago, III. AU 65.00
1902 $5 Albuquerque, NM Good 75.00
1902 $50 #E891 NY, NY XF 195.00
1902 $10 #3263 Independence, Iowa VF 65.00
1902 $10 #9174 SF, Ca. AU 65.00
1902 $10 #P7095 Colfax, Wash. F/VF 110.00
1902 $10 #P7095 Colfax, Wash. XF 185.00
1929 $10 #7372 Bellingha, Wa. XF 65.00
1929 $20 #10525 Tuckahoe, NY XF 60.00
1929 $20#3417 Tacoma, Wash. VF/XF 35.00
1929 $20 #10167 Pasadena, Ca. Fine 50.00
1929 $20 #3355 Yakima, Wash. Fine 50.00
1929 $20 #3417 Tacoma, Wash. VF/XF 40.00
1929 $20 #1553 Portland, Or. XF 35.00
1929 $20 #11280 Seattle, Wash. XF 35.00
1929 $50 #5550 Honolulu, Hi. Fine 75.00
1929 $50 #4385 Muckagee, Ok. F/VF 75.00
1929 $20 #3417 T2 Tacoma, Wa. XF/AU 75.00
1929 $5 #2188 T2 Evansville, Ind. CU 45.00
1929 $20 #2928 Albany, Or, VF 115.00
1929 $20 #9207 Littlestown, Pa. XF/AU 65.00
1929 $20 #912 Manheim, Pa. VF/XF 65.00
1929 $10 #3001 Stevens Pt., Wi. F/VF
1929 $10 #2597 Ogden, Ut. VF/XF 80.00
1929 $50 #2002 Winterset, Iowa. VF 85.00
1929 $20 #5413 Rawlins, Wy. VG/F 125.00
1929 $10 #6558 Murray, Ut. XF 250.00
1929 $20 #4287 Tucson, Az. VF 175.00
1929 $20 #3050 San Diego, Ca. AU 90.00
1929 $20 #11280 Seattle, Wa. T2 VF/XF 35.00
Any Original Series $10 pay
Any Original Series $20 pay 550.00
Any Series of 1875 $50 pay
Any Series of 1875 $100 pay 2000.00
Any Brown Back $100 pay 500.00
Any 1882 Dated Back $50 pay
Any 1929 Type II $50 pay 500.00
We will pay the above prices for VG or better notes.
CHARTER NUMBERS WANTED
We will pay $300 for any of the following Charter Numbers,
any type in VG or better.
#2192 #3473 #3791
#2640 #3512 #3805
#2954 #3563 #3807
#2990 #3564 #3812
#3002 #3567 #3833
#3035 #3569 #3835
#3090 #3594 #3844
#3108 #3667 #3852
#3194 #3695 #3853
#3199 #3703 #3880
#3249 #3710 #3900
#3265 #3737 #3928
#3384 #3751 #3963
#3386 #3758 #3992
#3394 #3769 #4150
#3431 #3775 #4288
#3440 #3776 #9097
#3443 #3787 #11887
There are many other Kansas Nationals that we are interested
in other than those listed above. If you have any Kansas Na-
tionals for sale, please write giving the charter number, type
and Friedberg numbers. Please price all notes in your first cor-
respondence as we will not make offers.
We Also Want Uncut Sheets of Kansas Nationals
Satisfaction guaranteed. Seven-day return privi-
lege. Bank cards welcome, please send informa-
tion as it appears on your card. Member ANA-
Joe Flynn & Son
Rare Coins Inc.
507 3rd AVE. #5-PM SEATTLE, WASH. 98104
AURORA COIN SHOP
2854 W. 47th STREET
KANSAS CITY, KANSAS 66103
MASSACHUSETTS NATIONAL CURRENCY
* * New Jersey State Nationals * *
C #4562 Adams
#13222 Buzzards Bay
C #490 Fairhaven
C #484 Haverhill
• #1329 Lowell
• #1201 Lynn
C #866 Milford
#9086 North Attleborough
• #5964 Pepperell
• # 1260 Pittsfield
• #779 Plymouth
#1049 Amesbury (Salisbury)
#8150 South Deerfield
e #2435 Springfield
• #1170 Stockbridge
• #769 Whitinsville
• #11067 Woburn
Those notes with a dot indicate large size notes for trade.
JOHN R. PALM
6389 ST. JOHN's DRIVE
EDEN PRAIRIE, MINN. 55343
MICHIGAN OBSOLETE NOTES
* * * * * *
3.00 Bank of Battle Creek, 1838. Abt. F. $17.00
5.00 Bank of Chippeway, 1838. V. F. 10.00
5.00 Central Mining Co.,
1863. Small. F. 7.50
15.00 Central Mining Co. 1863. Unc. 26.00
1.00 Bank of Washtenaw, 1835. V. F. 8.50
5.00 Bank of Washtenaw, 1854. Unc. 10.00
2.00 Bank of Michigan, 1839. Fine 13.00
3.00 Bank of Michigan, 18 u/s. Unc. 9.50
5.00 Bank of Michigan, 1862. Unc. 11.00
10.00 Bank of Michigan, 1862. Unc. 13.00
1.00 Michigan Ins. Co., 18 u/s. Unc. 10.00
2.00 E. & K. R.R. Bank, 1853. Fine 7.00
5.00 E. & K. R.R. Bank, 1853. X. F. 8.50
10.00 E. & K. R.R. Bank, 1854. X. F. 11.00
10.00 Osceola Consol. Mine, 187../ u/s. Unc. 7.50
2.00 Farmers & Merchants Bank, 18 u/s. Unc. 18.00
5.00 Bank of Macomb County,
1858. u/s. Unc. 9.50
5.00 Merchants & Mech. Bank, 18 u/s. A.U. 8.00
3.00 Bank of Manchester, 1837. Fine 8.50
1.00 Adrian Ins. Co. 1853. V. F. 7.50
2.00 Merchants Bank, Jackson, 1840. Fine 10.50
3.00 Millers Bank, Washtenaw,
18 u/s. Unc. 10.50
5.00 State Bank, Detroit, 18 u/s. Unc. 8.50
5.00 Tecumseh Bank,
18 u/s. Unc. 8.00
Notes of all kinds in stock. Want lists solicited. I want
to buy notes of all kinds.
RICHARD T. HOOBER ANA 9302
P. 0. Box 196
Newfoundland, Penna. 18445
(Small Size-Series of 1929)
NORTH ARLINGTON, Charter No. 12033
PALISADES PARK, Charter No. 14088
(Large Size; 1st, 2nd, and 3rd Charter Periods)
ALLENDALE, Charter No. 12706
FORT LEE, Charter No. 12497
GLEN ROCK, Charter No. 12609
HACKENSACK, Charter No. 1905
LYNDHURST, Charter No. 10417
NORTH ARLINGTON, Charter No. 12033
RAMSEY, Charter No. 9367
RIDGEFIELD PARK, Charter No. 9780
RIDGEWOOD, Charter No. 11759
WYCKOFF, Charter No. 12272
The Above Nationals wanted in any condition and in any
Just ship with best price for prompt payment to:
WOODCLIFF INVESTMENT CORP.
P. 0. BOX 135 LODI, N.J. 07644
PHONE (201) 327-1141
10c Borough of Easton (Pa) mishandled proof, some
15c Same, each has red ovpt. 15
25c Same, beautiful vignettes on each 10
50c Same, ABN Co. 10
5c Borough of Bristol (Pa) mishandled proof 10
10c Same, same situation as Easton notes 7
50c Same, each has red ovpt. (ABN Co) 10
5c Lehigh County (Pa) no ovpt. on these 10
10c Same, (Allentown) 10
25c Honesdale, Pa. (Borough Order) ABN Co. rare 15
5c Troy & Albany Stage Co. (NY) 10/18/62 good
5c, 10c, 25c, 50c Scrip Island Pond, Vermont Gilkey
& Denison, crisp 25
-c Amount not filled in-scrip, A. S. Maxwell (sp?)
#1 Codman block, Temple St. Portland, Me. 8
10c F. R. Harris, opposite the post office, Portland, Me
cr. off 8
10c Hall L. Davis, Portland, Me red ovpt. 12
5c Chadbourn & Kendall, 66 Middle St. Portland, Me 10
10c Wm. P. Horne, Detroit, Mich. Pay at Savings Bank 15
25c G. A. Colby & Brother, Marshall, Mich. "Payable
at Niles, Dawagiac, or Marshall" great item 25
5c Grondyke & Co. Eugene, Indiana 3/1/62 nice 17
BOX 1358, VENICE, FLA.
$ Federal Reserve Notes
Regular Sets Star Sets
1963 (12) $24.95 (12) $25.95
1963A (12) 22.95 (12) 23.95
1963B ( 5) 7.95 ( 4) 8.95
1969 (12) 19.95 (12) 21.95
1969A (12) 18.95 (11) 20.95
1969B (12) 17.95 *111) 19.95
1969C (10) 14.95 ( 9) 19.95
1969D (12) 16.95 (11) 22.95
1974 (12) 16.95 Not Available
1963/1974-9 regular sets (99) 153.50
No I* Wanted 69B I* 69C L•, 69D A•
Add $2 for last two numbers match on district sets.
1974 BD, CB, EC, FC, GB, KB, LC--$1.50
1974 F*-$1.75 1174 B 0000XXXX C-$3.00
Personal checks must clear-Under $50 add 50c. N.Y. residents add
4%-Send SASE for price list for singles and blocks.
Also selling $1 Silver Certificates, $2 notes, large size and frac-
tional currency. Send your want list.
Buying all large size and fractional U.S. Currency; small
size nationals, silver certificates, legal tender and gold
certificate; in better grades and scarcer notes. Also CU
FRN'S in selected rare blocks. Premium prices on uncut
sheets and errors. Write describe and price.
NUMISMATIC INVESTMENT ASSOCIATES
c/o SHELDON MOSES
BOX 618P, 1011 STATE STREET
SCHENECTADY, NEW YORK 12301
U. S. Currency Advertised
for the First Time!
$5 Ty 1 Penna. Mountville N.B. Mountville
Ab F 3808 $38.00
$10 Ty 1 N.J. Cumberland N.B. Bridgeton VG F 1346 $49.00
$10 Ty 1 N.Y. Genesee River N.B. Mount Morris VG+ 1416 $55.00
$10 Ty 11 N.Y. Ilion N.B. & Trust Co. Ilion VG F 1670 $49.00
$10 Ty 1 Oregon First N.B. Southern Oregon Grants Pass F+ $90.00
$10 Ty 1 Penna. Mountville N.B. Mountville F+ 3808 $42.00
$10 Ty 1 Penna. First N.B. Dushore F VF 4505 $80.00
$10 Ty 11 Penna. Pattison N.B. Elkland ....VG Small Ink 5403 $49.00
$10 Ty 1 Penna. First N.B. Hamden VG 12017 $69.00
$10 Ty 1 Penna. Miners N.B. Shenandoah CU 13619 $50.00
$20 Ty 1 Penna. First N.B. Milton XF 253 $49.00
$20 Ty 1 Penna. Mount Holly N.B. Mount Holly
F+ 1356 $59.00
$20 Ty 1 N.Y. Merchants N.B. Dunkirk VF 2619 $52.00
$20 Ty 1 W. Virginia Davis NB Piedmont Pin Hole F VF 4088 $69.00
$20 Ty 1 D.C. Franklin N.B. Washington F 10504 $75.00
$5 1902 Mass. Broadway N.B. Chelsea XF 9651 $69.00
$20 1902 Penna. First N.B. Girardville F VP 4422 $75.00
Fr 16 XF-Au $165.00 Fr 225 Ab XF $110.00
Fr 35 Au $120.00 Fr 278 VF+ $80.00
Fr 223 XFine-Au $120.00 $2 1928-A XF-Au $49.00
$1 Hawaii Overprint C.U. $11.50. Several Notes Available
All notes advertised are guaranteed with a 7-day return
privilege. Don't forget to watch for future listings. Many
other notes in stock please send want lists.
Large and Small-Size
I am looking for certain National Bank
Notes from MASSACHUSETTS. Can you
help? Please describe fully and state price
Also looking for unusual error notes.
V. H. OSWALD, JR.
SPMC #4168 ANA #R079115
P. O. BOX 304
EMMAUS, PA 18049
MINNESOTA NATIONAL CURRENCY
Adrian, Nat. B. of Adrian
Canby, 1st Nat. B. #6366
Cold Spring, 1st Nat. B.
Cottonwood, 1st Nat. B.
Deer River, 1st Nat. B. #9131
Grand Meadow, 1st Nat. B.
Hendricks, 1st Nat. B. #6468
Hendricks, Farmers Nat. B.
Kerkhoven, 1st Nat. B.
Le Sueur, 1st Nat. B. #7199
Lanesboro, 1st Nat. B.
Madison, 1st Nat. B. #6795
Mankato, Nat. B. Commerce
Mapleton, 1st Nat. B. #6787
McIntosh, 1st Nat. B. #6488
Minnesota Lake, Farmers Nat.
Osakis, 1st Nat. B. #6837
Park Rapids, Citizens Nat. B.
Pipestone, Pipestone Nat. B.
Sauk Center, 1st Nat. B.
Stewartville, 1st Nat. B.
Wendall, 1st Nat. B. #10898
Wheaton, 1st Nat. B. #6035
Michael R. Iacono
168 SPRING ST., MEDFORD, MASS. 02155
State price and condition or send for my fair offer.
I have many notes in stock as well! What do you need?
JOHN R. PALM
6389 ST. JOHN's DRIVE
EDEN PRAIRIE, MINN. 55343
' IVirfe '
Send for our price list of U.S. Currency—
Hundreds of Nationals, Silver Certificates,
Fractional, etc.—Large and Small.
Supplies and Books
Also some obsolete and foreign.
We solicit your want list.
LOWELL C. HORWEDEL
P. 0. BOX 2395P
W. LAFAYETTE, IN 47906
S.P.M.C. #2907 P.M.C.M. #1177
A.N.A. LIFE MEMBER #1503
FQR SALE CURRENCY FOR SALE
LARGE & SMALL SIZE CURRENCY
RADAR & FANCY SERIAL
"ERROR" NOTES &
LARGE MAIL LISTING AVAILABLE FOR
A LARGE-SIZE, SELF-ADDRESSED
10-DAY RETURN PRIVILEGE.
ROBERT A. CONDO
P. 0. BOX 304, DRAYTON PLAINS, MICHIGAN 48020
ANA-LN 813, SPMC-2153
$5.00 ea. 10 for $45.00
CHARLES T. RODGERS
P. 0 BOX 66531
LOS ANGELES, CALIF 90066
IOWA NATIONAL CURRENCY
Blockton, 1st Nat. B. #8211
Laurens, 1st Nat. B. #4795
Bloomfield, Nat. B. of Bloomfield
Linn Grove, 1st Nat. B. #7137
Macksburg, Macksburg Nat. B.
Burt, 1st Nat. B. #5685
Casey. Abram Rutt Nat. B. #8099 Malvern, Malvern Nat. B. #8057
Clarence, 1st Nat. B. #7682 Monroe, Monroe Nat. B. #7357
Clearfield, 1st Nat. B. #9549 Montezuma, 1st Nat. B. #2961
Coin, 1st Nat. B. #7309 Nevada, Nevada Nat. B. #14065
Conrad, 1st Nat. B. #9447
Ottumwa, Iowa Nat. B. #1726
Davenport, 1st Nat. B. #15
Red Oak, Farmers Nat. B. #6056
Floyd, 1st Nat. B. #9821 Seymour, 1st Nat. B. #8247
Fontanelle, 1st Nat. B. #7061 Sigourney, 1st Nat. B. #1786
Fredericksburg, 1st Nat. B.
Sioux City, Sioux Nat. B. #4510
Glenwood, Mills County Nat. B. Stuart, 1st Nat. B. #2721
Villisca, Nodaway Valley Nat. B.
Griswold, Griswold Nat. B. #8915
Kanawha, 1st Nat. B. #9018
Williams, 1st Nat. B. #5585
Keokuk, Keokuk Nat. B. #14309
Wyoming, 1st Nat. B. #1943
WILLIAM R. HIGGINS, JR.
BOX 64, OKOBOJI, IOWA 51355
A.N.A. Life #109 S.P.M.C. #2950
Harry wants to buy currency er-
rors ... large and small-size notes
. . . also interested in buying Na-
tionals—Uncut sheets . . . Black
Charter No. Red Seals.
Harry is selling error notes. Please
write for list or specify notes .. .
a large selection of error notes
HARRY E. JONES
P. 0. BOX 42043
CLEVELAND, OHIO 44142
We are Selling:
Are you tired of overgraded merchan-
dise at next year's prices? Try us—we
didn't get into this business last month
or last year. Our current ten-page
comprehensive price list of U.S. large,
small and fractional paper money is
yours for the asking.
We are Buying:
Would you try to sell your stamp collec-
tion to a coin dealer? Don't make the
same mistake with your paper money.
We deal exclusively in paper—need we
P. 0. BOX 2283
PRESCOTT, ARIZ. 86301
All District of Columbia Currency
A. Obsolete Notes and Scrip
B. National Bank Notes
All Small Size Currency with Low Serial Numbers
00000081, 00000082, 00000084
8439 Georgia Ave., Silver Springs, MD 20910
( 63 )
WHEN BUYING OR
Whether it's rare U.S.
Bank Notes, Texas
Documents, etc., we'll
be happy to provide
quotes or arrange to
include your material
in any of our auctions.
Call us at (512) 226-2311
Beside the Alamo
7itaaezira RARE COINS AND CURRENCY
220 Alamo Plaza
San Antonio, Texas 78205
SPMC CHARTER #38
National Bank Notes
Universal Numismatics Corp.
FLOYD 0. JANNEY LM No. 415
CAROL JANNEY LM No. 1415
P. O. Box 143 Waukesha. Wisc. 53186
Society Certified Professional Numismatists
WANTED BY COLLECTOR
I am still looking for National bank notes on
THE FIRST NATIONAL BANK OF BELLEVUE,
OHIO Charter #2302.
I'm also interested in FIRST NATIONAL BANK
NOTES ON FREMONT, OHIO Charter #5 and
Gerald C. Schwartz
270 NORTHWEST ST., BELLEVUE, OHIO 44811
to maintain integrity of collection
$1.00 C.U. FRN'S
BIk & Ser. #
Serial # Range
B 02C B99840001C - B99999999C
B — 00C B99840001C - B99999999C
B — 02D B76160001D - B79360000D
B — OOD B76160001D - B79360000D
F — 06A F99840001A - F99999999A
F — 00A F99840001A - F99999999A
Please price or state trade considerations.
JAMES E. LUND
Route 3, South Lake Cowdry
Alexandria, Minnesota 56308
OBSOLETE PRICE LISTS
2,000 notes offered for sale: Request one (or more) individual lists :
• Southern State Broken Bank Notes, Scrip
• Virginia Collection, offered individually
• Misc. States, BBN and Scrip
• List of Penna., Uncut Sheets All States, Proof Notes, College Cur-
rency. Depression Scrip, Other Related Notes, Historical Items
• Fractional Currency
• Confederate Currency
Enclose 10c SASE. Please describe in detail what notes are of interest,
which states you collect.
DONALD E. EMBURY SPMC 3791
P. 0. BOX 61, WILMINGTON, CA 90744
Collector/Dealer Since 1935
Has Anyone Heard of
If you have any, I probably will buy it, especially
if it is CU or Rare. I also need books and other
materials dealing with
Send your material or a list and asking price to:
RONLENE (SPMC 4418)
P. 0. Box 322, Hillsdale, NJ 07642
STOCK CERTIFICATES - OLD CHECKS
50 different stock certificates including rail-
roads only $39.50.
100 different old checks—nice selection $29.50.
Collections, Accumulations Wanted.
P. 0. BOX 112, DEPT. 112
SPRINGFIELD, VA 22150
FREE PRICE LIST
Write today for my free price list of U.S.
Wanted: Conn. material, checks, notes, etc.
CHARLES E. STRAUB
P. 0. BOX 14, WILLIMANTIC, CT. 06226
Wanted By Collector
IN PERFECT CONDITION
No creases, pinholes, fading, etc.
Send your best by registered mail only.
c/o Light & Rubin, Inc.
488 Madison Ave.
New York, NY 10022
TYPE NOTES - MAIL BID SALE
Closing: July 1, 1976
An excellent grouping of type notes is offered. Most are pre-1900 series. The usual mail bid rules apply. Each note is sold
to the highest bidder; price is determined as a small increment over the second highest bid. Prices in parenthesis ( ) are
estimates only. You may bid higher or lower . . . bid what the note is worth to you. F- numbers refer to Friedberg Catalog
numbers on all notes.
These notes are conservatively graded. I am happy to say that of all the notes I have sold through ads in Paper Money, not a
single one has yet been returned due to faults with my grading. Your satisfaction is guaranteed.
LEGAL TENDER NOTES
1. $1 1862 F16; Bright XF, Well-centered (175)
2. $2 1862 F41; Bright XF. Two small areas of stamp hinge
removed from back (210)
3. $5 1862 F63 ; VF or better. Paper shows some ageing
4. $1 1874 F19 ; VF+, nice copy of a scarce note (95)
5. $1 1875 F26; UNC, deep blue tint on reverse (140)
6. $1 1878 F27 ; better than VF overall (100)
7. $2 1878 F48; NEW and bright, close at top but not cut
into design (290)
8. $2 1880 F50; bright crisp UNC but top edge lightly frayed
9. $2 1880 F53; VF, even wear and no heavy folds. Very
10. $5 1875 F67; bright well-centered UNC, faint signs of aging
Very scarce Woodchopper, Series "B" (350)
11. $5 1880 F74; Bright UNC but note has two soft corners
12. $5 1880 F80; UNC in appearance but has 2 or 3 closed
13. $5 1907 F90; Bright CU
14. $10 1880 F107; Nice AU. Scarcest $10 of this series. Com-
panion to Lot 9 with large red spiked seal
15. $20 1878 F129; Nice AU. Note has small tear in left mar-
gin which does not enter the design. Scarcest of this type
except for the 1869 note
SILVER AND GOLD CERTIFICATES
16. $1 1886 F219; Bright VF-XF
17. $2 1891 F245; Overall VF+. This is scarce Windom note
18. $2 1896 F245; Educational Note. Well-centered, appeared
UNC but has trace of one loose vertical fold
19. $5 1896 F269; VF-XF, has three loose vertical folds
20. $10 1891 F299; VG-F, even wear. This is a nice type note
at low cost (70)
21. $5 1890 F359 ; Grading it XF but left corners are soft
22. $10 1890 F366; easily VF but for several pinholes
23. $10 1922 F1173; nice AU
NATIONAL BANK NOTES
(Most current offerings are predominantly the 1902 and 1929 issues.
Here is a nice grouping including many of the pre-1900 notes)
24. $1 Orig F380 ; VF Third NB of Pittsburgh Well-centered,
strong pen sigs. Bank Serial #191
25. $1 Orig F380; VF- First NB of Worcester, MA. Close trim,
good sigs. Bank Serial #111 (140)
26. $5 1875 F404; Face AU, reverse shows slight soil at top
Greene County NB of Carrollton, IL. Good pen sigs. (320)
27. $5 1875 F404; VF face/F reverse. First NB of Rondout,
NY. V. Pres. sig. (175)
28. $10 1875 F416; VF, no folds, reverse exceptionally bright
Merchants NB of New Haven, CT (300)
29. $5 BB F466; AU, Second NB of Springfield, MA. Well-
centered and bright (160)
30. $5 BB F469; AU, National City Bank of New York. Bright
as new (140)
31. $5 BB F471; about Fine, First NB of San Francisco. Well-
circulated but no heavy creases (90)
32. $5 BB F474; VF+ First NB of Attleboro, MA. Bright as
new but has 3 vertical folds (130)
33. $10 BB F480; About XF, Girard NB of Philadelphia (150)
34. $10 BB F487; AU, Marine NB of Pittsburgh. Looks new
but trace of fold may be seen on the reverse (220)
35. $10 1882-08 F545; VF+ National Shawmut Bank of Boston,
36. $10 1902 Redseal F621; VF-XF Mellon NB of Pittsburgh
Sig. plus AUTOGRAPH of A. W. Mellon (150)
37. $5 1902 ND F598; VF Machinists NB of Taunton, MA (30)
38. $10 1902 ND F624; VF+ First NB of Minneapolis. Bright
and clean (55)
39. $20 1902 ND F652; VF Anglo and LP NB of San Francisco.
Close at top (75)
SMALL SIZE NOTES
40. $10 Ty 1 Penna #2864 F+ GAP NB & TC of Gap, PA (45)
41. $10 Ty 2 Penna #5444 F+ First NB of BATH, PA (35)
42. $10 Ty 1 NY #2370 VF-XF Chase NB of New York (18)
43. $10 Ty 1 NY #13260 About VF National Safety Bank and
TC of New York City (20)
44. $20 Ty 1 Alabama #13097 VF-XF Merchants NB of Mobile,
45. $20 Ty 1 Penna #2483 About VF Watsontown NB of Wat-
sontown, PA signed by J.K. Watson at Pres (!) (65)
46. $20 Ty 1 Penna #4546 VF, Merchants NB of Shenandoah Ser.
47. $20 Ty 1 Penna #2293 Fine NB of Slatington Ser. F000089A (50)
48. $100 1928 F2405; Very Fine (145)
All bids will be received by mail only. Please do not telephone to ask about status of bidding on the notes. No unlimited bids
will be accepted. Successful bidders will be notified and invoiced within a few days of the closing. Registry fees and postage
will be paid by me, but invoices must be paid before notes are shipped. List of prices realized will be sent to all bidders who
WILLIAM P. KOSTER
8005 SOUTH CLIPPINGER DRIVE, CINCINNATI, OH 45248
Home: 513/561-5866 Office: 513/271-5100
SPMC #3240 ANA #70083
I WANT TO BUY ALL TYPES OF SOUTH CAROLINA PAPER
MONEY FOR MY PERSONAL COLLECTION.
I Need — PROOF NOTES
OBSOLETE BANK NOTES
S.C. NATIONAL BANK NOTES
CITY, TOWN & PRIVATE SCRIP
I HAVE SIMILAR MATERIAL FROM OTHER STATES THAT I
WILL TRADE FOR NOTES THAT I NEED. PLEASE WRITE FOR
MY DETAILED WANT LIST.
I Also Collect — PROOF NOTES WORLDWIDE
VIGNETTES USED ON BANK NOTES
BANK NOTE REGISTERS
OY PENNELL, %If
P. 0. BOX 858
ANDERSON, SOUTH CAROLINA 29621
LM No. 101
To Our Bidders and Consignors
Who Made the Donlon, April 30 Sale
A Success Beyond Expectation!
Supply of catalogs sold out! Prices Realized $1.
Now Accepting Consignments
AND PREPARING CATALOG COPY FOR
Donlon's next Mail Bid Sale
Most of the consignors in our April Sale were repeaters. There must be a
reason. We can't boast of 200 sales, 100 sales, or even 50, but we can be
proud of the enviable reputation gained in our NINE sales, of being fair to
our bidders and consignors .
IF YOU HAVE CHOICE PAPER CURRENCY, SINGLES OR A COMPLETE
COLLECTION WHICH YOU ARE CONSIDERING SELLING, DO IT NOW!
SEND YOUR NOTES REGISTERED WITH A COMPLETE LIST USING
FRIEDBERG OR DONLON NUMBERS.
Or if you prefer, send the list only for terms of sale.
Your Net Returns will be greater in the Mail Bid Sale, but your collection
will be purchased outright, at best possible price for resale, if you want
In answer to many requests, sorry we have no price lists. SASE appreciated
Donlon's cat. U.S. Large Size Paper Money $3.50 ppd.
Back Issues of Donlon's Sale Catalogs, Nos. 1 to 8, $3. for one, $2. each
additional. Sorry No. 9 sold out!
WILLIAM P. DONLON
Specializing in United
States Large Size Paper Money.
P. 0. Box 144, Utica, New York 13503