Paper Money - Vol. XVI, No. 5 - Whole No. 71 - September - October 1977

19...AVIC SSP fli.111.11. Se ber • October 1977 Volume XVI No. 5 Whole No. 71 hode Islan . s article on R l Ban "Country" NationaSAC ent Certificates Walter Breen loo s at the 20th Century U5. Notes so, Part II, NO001114\ Bank Note \I arieties by Vt. Ow en W am j l MONTHLY PUBLICATION OF T edateg RARE COINS and CURRENCY (BESIDE THE ALAMO) 220 ALAMO PLAZA SAN ANTONIO, TEXAS 78205 (512) 226-2311 It pays t O look closely. You know that it pays to look closely when collecting. It does when you are thinking of selling, too. Since you collected with such care, we know you want to be equally as careful when selling. At Medlar's, we take pride in the fact that we've been buying and selling currency for over 25 years. So, we feel we must be doing something right for our many friends and customers. WE ARE BUYING: Texas Currency, Obsoletes and Nationals, Western States Obso- letes and Nationals, U.S. and Foreign Coins. We will travel to you to examine your holdings, Profes- sional Appraisals, or as Expert Witness. Member of SPMC, ANA, PNG, NLG, CPN SOCIETY OF PAPER MONEY COLLECTORS INC. PAPER MONEY is published every other month beginning in January by The Society of Paper Money Collectors, Inc., J. Roy Pennell, Jr., P.O. Box 858, Anderson, SC 29621. Second class postage paid at Anderson, SC 29621 and at additional entry office, Federalsburg, MD 21632. O. Society of Paper Money Collectors, Inc., 1977. All rights reserved. Reproduction of any article, in whole or in part, without express written permission, is prohibited. Annual membership dues in SPMC are $10 for the first year (includes $2 admission fee and $8 for each year thereafter, of which $5.25 are for a subscription to PAPER MONEY. Subscriptions to non-members are $10 a year. Individual copies of current issues, $1.75. ADVERTISING RATES Contract Rates SPACE Outside 1 TIME 3 TIMES 6 TIMES Back Cover $48.00 $130.00 $245.00 Inside Front & Back Cover 45.00 121.00 230.00 Full page 39.00 105.00 199.00 Half-page 24.00 65.00 123.00 Quarter-page 15.00 40.00 77.00 Eighth-page 10.00 26.00 49.00 25% surcharge for 6 pt. composition ; engravings & artwork at cost + 5%; copy should be typed ; $2 per printed page typing fee. Advertising copy deadlines: The 15th of the month preceding month of issue (e.g. Feb. 15 for March issue). Reserve space in advance if possible. PAPER MONEY does not guarantee advertisements but accepts copy in good faith, reserving the right to reject objectionable material or edit any copy. Advertising copy shall be restricted to paper currency and allied numismatic material and publications and accessories related hereto. All advertising copy and correspondence should be addressed to the Editor. Official Bimonthly Publication of The Society of Paper Money Collectors, Inc. VOL XVI — No. 5 Whole No. 71 Sept/Oct 1977 DOUG WATSON, Editor Box 127 Scandinavia, WI 54977 Tel. 715-467-2379 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 or its staff. PAPER MONEY reserves the right to edit or reject any copy. Deadline for editorial copy is the 1st of the month preceding the month of publication (e.g., Feb. 1 for March issue, etc.) SOCIETY BUSINESS & MAGAZINE CIRCULATION Correspondence pertaining to the business affairs of SPMC, including membership, changes of address, and receipt of magazines, should be addressed to the Secretary at P.O. Box 4082, Harrisburg, PA 17111. IN THIS ISSUE NATIONAL CURRENCY OF EL PASO Ben E. Adams 261 TWENTIETH CENTURY U.S. NOTES Walter Breen 266 YELLOW SEAL NOTES John Semeniuk 274 NATIONAL BANK NOTE VARIETIES M. Owen Warns 280 INDISCRIMINATE FACE AND BACK PRINTING OF LEGAL TENDER NOTES Gene Hessler 286 AMERICAN HISTORICAL VIGNETTES John R. I sted 224 RHODE ISLAND'S "COUNTRY" NATIONAL BANKS S.K. Whitfield 293 PROJECT TURNKEY Seymour Kashin 302 REGULAR FEATURES SYNGRAPHIC CHAT 278 COPE PRODUCTION 284 SECRETARY'S REPORT 300 Whole No. 71 Page 259 Society of Paper Money Collectors OFFICERS 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 Wigington, P.O. Box 4082, Harrisburg, PA 17111 TREASURER C. John Farreri, P.O. Box 33, Storrs, CT. 06263 APPOINTEES EDITOR Doug Watson, P.O. Box 127, Scandinavia, WI 54977 LIBRARIAN Wendell Wolka, 7425 South Woodward Ave., Apt. 214, Woodridge, IL 60515 PUBLICITY CHAIRMAN Larry Adams, 969 Park Circle, Boone, IA 50036 BOARD OF GOVERNORS Larry Adams, Thomas C. Bain, Michael Crabb, Jr., David A. Hakes, Richard Jones, Charles O'Donnell, J. Roy Pennell, Jr., Glenn B. Smedley, George W. Wait, M. Owen Warns, Wendell Wolka. 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 annual meeting at the ANA Convention in August of each year. MEMBERSHIP-REGULAR. Applicants must be at least 18 years of age and of good moral charter. JUNIOR. Applicants must be from 12 to 18 years of age and of good moral character. Their application must be signed by a parent or a guardian. They will be preceded by the letter "j". This letter will be removed upon notification to the secretary that the member has reached 18 years of age. Junior members are not eligible to hold office or to vote. Members of the A.N.A. or other recognized numismatic organizations are eligible for membership. Other applicants should be sponsored by an S.P.M.C. member, or the secretary 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. Dues for the first year are $10, this includes a $2 admission fee. Each year thereafter the dues are $8, 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 they joined. PUBLICATIONS FOR SALE TO MEMBERS We have the following back issues of PAPER MONEY for sale for $1.50 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. Vol. 4, 1965, No. 2 (No. 14) Vol. 10, 1971, No. 1 (No. 37) Vol. 4, 1965, No. 3 (No. 15) Vol. 10, 1971, No. 2 (No. 38) Vol. 10, 1971. No. 3 (No. 39) Vol. 5, 1966, No. 1 (No. 17) Vol. 5, 1966, No. 2 (No. 18) Vol. 5, 1966, No. 3 (No. 19) Vol. 11, 1972, No. I (No, 41)1 Vol. 5, 1966, No. 4 (No. 20) Vol. 11, 1972, No. 2 (No. 42) 1 Vol. 11, 1972, No. 3 (No. 43) Vol. 11, 1972, No. 4 (No. 44) Vol. 6, 1967, No. 1 (No. 21) Vol. 6, 1967, No. 2 (No. 22) Vol 12, 1973, No. 1 (No 45) Vol. 6, 1967, No. 3 (No. 23) Vol 12, 1973, No. 2 (No 46) Vol. 6, 1967, No. 4 (No. 24) Vol 12, 1973, No. 3 (No 47) Vol 12, 1973, No. 4 (No 48) Vol. 7, 1968, No. 1 (No. 25) Vol 13, 1974, No. I (No 49) Vol. 7, 1968, No. 2 (No. 26) Vol 13, 1974, No. 2 (No 50) Vol. 7, 1968, No. 3 (No. 27) Vol 13, 1974, No. 3 (No 51) Vol. 7, 1968, No. 4 (No. 28) Vol 13. 1974, No. 4 (No 52) Vol 13, 1974, No. 5 (No 53) Vol. 8, 1969, No. 1 (No. 29) Vol 13, 1974, No. 5 (No 54) Vol. 8, 1969, No. 2 (No. 30) Vol. 8, 1969, No. 3 (No. 31) Vol. 14, 1975, No. 1 (No. 55) Vol. 8, 1969. No. 4 (No. 32) Vol. 14, 1975, No. 2 (No. 56) Vol. 14, 1975, No. 3 (No. 57) Vol. 14, 1975, No. 4 (No. 58) Vol. 9, 1970, No. 1 (No. 33) Vol. 14, 1975, No. 5 (No. 59) Vol. 9, 1970, No. 2 (No. 34) Vol. 14, 1975, No. 5 (No. 60) Vol. 9, 1970, No. 3 (No. 35) Vol. 9, 1970, No. 4 (No. 36) Index Vol. 1-10 81.00 The Society of Paper Money Collectors, Inc. P. 0. Box 858, Anderson, S.C. 29622 Library Services The Society maintains a lending library for the use of members only. A catalog and list of regulations is included in the official Membership Directory available only to members from the Secretary. It is updated periodically in PAPER MONEY. For further information, write the Librarian-Wendell Wolka, P.O. Box 366, Hinsdale, Ill. 60521. BOOKS FOR SALE: All cloth bound books are 81/2 x 11" FLORIDA OBSOLETE NOTES & SCRIP, Freeman . . $6.00 Non-Member. . $10.00 MINNESOTA OBSOLETE NOTES & SCRIP, Rockholt $6.00 Non-Member. . $10.00 TEXAS OBSOLETE NOTES & SCRIP, Medlar $7.50 Non-Member. . $12.00 MAINE OBSOLETE NOTES & SCRIP, Wait $14.50 Non-Member. $10.00 NATIONAL BANK NOTE ISSUES OF 1929-1935, Warns - Huntoon - Van Belkum $9.75 Non-Member. . $12.50 MISSISSIPPI OBSOLETE PAPER MONEY & SCRIP, Leggett $6.00 Non-Member. . $10.00 Write for Quantity Prices on the above books. ORDERING INSTRUCTIONS I Give complete description for all items ordered. 2 Total the cost of all publications ordered. 3. ALL publications are postpaid except orders for less than 5 copies of Paper Money. 4. Enclose payment (U.S. I Ulld S Ldy) with all orders. Make your check or money order payable to Society of Paper Money Collectors. 5. Remember to include your ZIP CODE. 6. Allow up to six weeks for delivery. We have no control of your package after we place it in the mails. Page 260 Paper Money Whole No. 71 Page 261 tifollal Cul clici• • of El INSO By Ben E. Adams )41). 'WSW yo„ ‘kse Unique State National Bank of El Paso, Texas. One of 35 known Texas first charters. V - /fa NI iltS ROM ■t■ril■I 1:31113 'It • TCP—Blue Seal C.W. McAfee, Cashier C.N. Bassett, son of a founding director, president. In Part I of this series (Paper Money #70), we traced the rise and decline of national banking in El Paso. We saw that the first bank chartered, The State National Bank (2521), and the last bank chartered, El Paso National Bank (12769) were the only two survivors from the National Currency issuing period. We also saw as the population grew from 500 to 105,000, ten National Banks were chartered which were not in existence in 1935. We tried to give the climate of the times, and the conditions of the Mexican Border which would cause such a high attrition rate. Depressions and recessions, both local and national, probably were the greatest single factor of failure. Certainly, the receivership of The First National Bank (2532) in 1931, can be traced to the Crash of 1929. To this day there are still hard feelings about the failure of The First. Outsiders claim a "local depression" for that fiasco. The El Paso Herald-Post blamed James G. McNary; while other locals blame everything from open gambling in Juarez, Mexico to dishonesty. Fraud and incompetence were indeed the cause for the Page 262 A 13.4.10114 41( ltele 1/ 9 .417 Paper Money Probably unique TCP Red Seal. National Exchange Bank had $2,580 outstanding in 1910. J.M. Wyatt, cashier, became president of the American National Bank, then Vice-President of The First National Bank. CHARTER NUMBER YEARS OF OPERATIONS EL PASO, TEXAS CIRCULATION OUTSTANDING TOTAL AM UNT LARGE SIZE DATE SMALL SIZE CIRCULATION OUTSTANDING OUTSTANDING DATE TOTAL AMOUNT OUTSTANDING 2521 1881 - $ 1,332,250 $ 3,220 1935 $ 202,550 1935 $ 205,770 2532 1881 - 1931 $12,604,760 $ 84,370 1931 $ 615,630 1931 $ 700,000 3608 1887 - 1893 $ 83,250 $ 450 1916 450 5239 1899 - 1905 $ 154,200 $ 6,650 1910 $ 6,650 7075 1903 - 1905 $ 54,650 $ 2,580 1910 $ 2,580 7514 1904 - 1924 $ 4,095,550 $ 442,050 1924 $ 442,050 7530 1904 - 1912 $ 650,100 $ 75,300 1913 $ 176,650 10140 1912 - 1917 $ 405,750 5 110,600 1917 $ 110,600 10974 1917 - 1924 $ 1,153,100 $ 177,980 1924 $ 177,980 12487 1924 $ 000 $ 000 $ 000 12769 1925 - $ 1,399,010 $ 2,460 1935 $ 247,890 1935 $ 250,350 TOTALS $22,297,420 $1,082,310 $1,066,070 $2,148,380 Rare $100. TCP—Blue Seal Other than The First National Bank, The City National Bank was the only bank in El Paso to issue a $100. I have been unable to locate a First National $100. SERIES 1875 5555 10-10-10-20 SERIES 1882 BB 5 5 5 5 10-10-10-20 50-100 SERIES 1882 DB 5-5 -5 -5 10-10-10-20 50-100 50-50-50-100 SERIES 1882 VB 5-5-5-5 10-10110-20 SERIES 1902 RS 10-10410-20 SEMI 10-10 10-20 S 1902 DB 5-5-5- 1 50-100 SERIES 1902 P1. 5 5 5 5 10-10-10-10 10-10-10-20 50-50-50-100 SERIES 1929-I 85 SIO 320 1929-11 85 810 S20 0 ;" •• • •• • • • • • • • N R = Rare S - Scarce •-■ C = Common N Cl SERIES 1875 5 5 5 5 U 10-10-10-20 U U SERIES 1882 BB 5-5 5 5 10-10-10-20 R U 50-100 U SERIES 1882 DB 5 5 5 5 C 0 10-10-10-20 S 50-100 R 50-50-50-100 R SERIES 1882 VB 5-5-5-5 C 810 10-10-10-20 S C SERIES 1902 RS 820 10-10-10-20 SERIES 1902 DB 5 5 5 5 10-10-10-20 50-100 SERIES 1902 P1. 5 5 5 5 C 10-10-10-10 C 10-10-10-20 C C 8100 50-50-50-100 SERIES 1929-I 35 C 310 C C 320 C 1929-11 85 310 C 320 C ,r) 0 O N U S U C R S S S S U Whole No. 71 failures of some of these banks. Poor risk loans, as well as loans to friends and associates for doubtful ventures, spawned rumors which resulted in runs. Consolidation and liquidation were minor factors, since they resulted in losses to very few people. There was a total of $22,297,420 issued by the twelve National Banks chartered in El Paso. The First National Bank issued 56.5% of the National Currency circulated. The two survivors issued only 12.2% of the total for El Paso, which could be one of the reasons why they are in business today. In July, 1935, these two banks had only EXAMPLES KNOWN TO EXIST IN COLLECTIONS Page 263 2% of the total National Currency issued in El Paso outstanding. In July, 1935, only 9.6% of the total El Paso circulation was outstanding from the standpoint of each bank's last accounting date. RARITY: Before discussing the rarity of National Currency from El Paso, we should define some of the terms used. UNIQUE—is defined as one known example. RARE—is defined as very few known, probably two or three. SCARCE—would have to be defined as available but hard to COLLECTIBILITY OF EL PASO NATIONAL CURRENCY U Unique N C •-0 C C C C C CC TCP — Blue Seal with C.M. Harvey as president. C.M. Harvey became first president of El Paso National Bank after the liquidation of The Border National Bank and the receivership of The National Border Bank. Page 264 find. COMMON—is just what the term implies. (I do not use the term EXCESSIVELY RARE except as a method of ordering Steak Tatare in a restaurant!) Texas National Currency is listed as Rarity 1 (Large Cities), and Rarity 2 in O'Donnell. However, when Texas was admitted to the Union in 1846, the provision was made that at any time in the future it could vote to become up to three states within the Union. Perhaps, Texas National Currency should be considered in five separate rarity categories, rather than two as now. From the accompanying charts, we can see that three El Paso banks' notes are probably unique (if they exist) or non-collectible. This information is based on recent correspondence with collectors and dealers more Paper Money knowledgable on Texas nationals than I. Also taken into consideration is date of last accounting and the amount outstanding. Three banks are probably unique. They are The El Paso National Bank of Texas (3608), which had $450 outstanding in 1916; The Lowdon National Bank (5239), with $6,650 out in 1910 and The American National Bank (7530), which had $75,300 outstanding in 1913. My correspondence did not reveal any knowledge of the existence of examples of these banks. The National Exchange Bank, $20 1902 Red Seal illustrated, could very well be unique or rare, since this Continued on page 304 EL PASO, TEXAS CIRCULATION BY SERIES 1-1 CV CV to CV CO CV CO 0ex> CO CS) COc.9 LO V) C--c) t-- d4 1-1 in C.- 0 CO LIG C- LO tr) r-I 6) 0 "I, 1-1 0 1-1 ,d, t---• 6) 0 1-1 L--- GO .4. CV r-1 6) COr— CI 1-1 TOTAL DOLLARS ALL BANKS ISSUED EACH SERIE: SERIES 1875 $ 413,080 5-5-5-5 97,080 10-10-10-20 $ 316,000 SERIES 1882 BB $ 150,000 $ 602,000 $ 370,950 $1,122,950 5-5-5-5 10-10-10-20 50-100 - — - • • • • • • SERIES 1882 DB $1,000,000 '.1 755 000 $3,325,000 5-5-5-5 • 10-10- 10-20 50-100 • $ 210,000 50-50-50-100 '. 360 000 SERIES 1882 VB $2,224,000 5-5-5-5 '. 820,000 $1,404,00010-10-10-20 SERIES 1902 RS 10-10-10-20 608,400 $ 608,400 SERIES 1902 DB '.2 304,900 5-5-5-5 '. 686 500 10-10-10-20 • $1,618,400 50-100 SERIES 1902 Pl. $9,285,970 5-5-5-5 • • $2,729,100 $1516,72010-10- 10-10 • 10-10-10-20 • • • $4,679,400 50-50-50-100 • $ 360 750 SERIES 1929-I $2,607,420 $5 $ 849,900 $10 • $1,098,000 $20 $ 659,520 1929-11 $ 405,700 $5 • $ 101,110 $10 • • $ 196,670$20 • • $ 107,920 GRAND TOTAL — $22,297,420 SPECIAL OFFER Friedberg's + Hessler's. 2nd Ed. The Pair (Net) 24.50 O'Donnell's 5th Ed. + Hessler's 1st Ed. (Net) 22.50 Pick's + Gaylan/Navarro's. The Pair (Net) 24.00 Valentine's + Newman's. The Pair (Net) 28.00 Bluestone's + Warn's. The Pair (Net) 33.50 Dillisten's + Van Belkum's. The Pair (Net) 26.50 Bowen + Criswell's North American Curr'y. - The Pair (Net) 25.50 Bebee's, inc. "Pronto Service" 4514 North 30th Street Phone 402-451-4766 Omaha, Nebraska 68111 Whole No. 71 Page 265 BUYING/SELLING U.S. CURRENCY $1 FEDERAL RESERVE SETS All Superb Cr. New-Low, Low Prices Regular Sets Star Sets HAWAII OVERPRINTS $1 1935A-Cr. New, Well Centered21.95 Same = Not as well Centered 16.95 OBSOLETE SHEETS Canal Bank, La. Sheet (2) Cr. New: $500.00-$1,000.00 $49.50 1963 (12) 28.75 (12) 30.75 Same Off-Center (5 = $57.50 Ea. 13.95 Florence Bank, Omaha NE Sheet (4): 1963A (12) 26.75 (12) 27.75 $1-$2 -$3-11.5 Cr. New $39.50 1963B (5) 11.75 (4) 10.75 LOW SERIAL NOS. - BLOCK CC Above Pair Sheets-Limit One $79.50 1969 (12) 19.75 (12) 27.75 (from Sheets cut-up by Treas. Dept.) 1969A (12) 19.75 (11) 26.75 $1 - Below 800 49.50 2969B (12) 18.75 (12) 20.75 Same = Below, 1,000 43.50 FALL SPECIALS 1969C (10) 17.75 (9) 27.75 Same = Below 1,600 37.50 1928D $1 Silver Cert. F-1604. Cr. New 1969D (12) 17.75 (11) 20.75 $179.50: CN Well Cent'd. 229.50 1974 (12) 17.75Soon-Write SUPERB COMPLETE SET 1928B $2 Legal. F-1503, Cr. New All Above (99) 173.75 (83) 184.75 $1 1935A-55 1934A-520 1934A Cr. $379.50; CN Well Cent'd. 449.50 For any Above Set-with Last Two Nos. Matching add $2.00 per Set. MATCHED NUMBERED SETS All Sets with Identical last Two Nos. 1963/1974-all 9 Sets (99) 206.75 1963/1969D-all 8 Star Sets (83) 214.75 RARE EXPERIMENTAL ISSUE 1935A $1.00 Special Issue: Red "R" & "S".F-1609, 1610. (Lists $200). Superb Crisp New 189.50 Similar Pair-Cr. New but not as well Centered 169.50 New Well Cent'd. 295.00 WANTED Cr. New, Well Cent'd. $5=$10=20. Please write or send-Priced or for Best Offer. 1976 $2.00 BICENTENNIAL SET Super Cr. New - the Last Two Nos. Match on all 12 Districts Postpaid 31.75 $2 FIRST DAY SPECIALS Omaha NE District 10= April 13, 1976 Cr. New 3.95 July 4, 1976 Cr. New 3.95 The Pair 6.95 DEALER/INVESTOR SPECIAL $1 1963A Block BB-Each 35.00 Ten $250.00; One Hundred 1,900.00 Just the One Pack-Subject to Prior Sale. Please Write for Prices on other Blocks (Quantities of 10 or 100 Notes). WANTED-STARS-WANTED Packs (100) $1 Stars = 1969C Dist. 12; 1974 $1 Dists. 2-3-6-9-11. 1976 $2 All Dists. (Except #11). Please Call-or Write. Please add $1.50 to all Currency Orders. 100% Satisfaction Guaranteed Always. SASE = for our Currency Lists, Fractional, CSA + Books (Over 100 cliff) & Accessories @ DISCOUNT Prices. Bluestone. "The Albert A. Grinnell Sales Catalogs 1944/46." Reprint, Values 24.50 Bowen. "State Bank Notes of Michigan" Illus'd., 1975 Valuations, out-of- print 17.50 Bradheer. "Confederate & Southern States Currency" Reprint . . 14.50 Criswell "North American Currency" 1st Ed. Inc. Canadian & Mexican Currency. Illus'd; Values . . . . 15.00 SPECIAL: Above BIG Pair-Net . . 21.50 Criswell New 1975 Ed. "Confederate & So. States Paper Money". . . . 15.00 Slabaugh. New 5th Ed. "Confederate States Paper Money" 3.50 SPECIAL-Both Books-Net. . . 15.50 Pick New 2nd Ed. "The Standard Catalog of World Paper Money" 20,000 Notes listed; 4,000 photos. Update Valuations 17.50 Friedberg "Paper Money of the United States". 8th Ed. 17.50 Gaytan/Navarro. New 2nd (English Language) Ed. "Paper Money of Mexico" Illus'd., Values . . . . 12.50 Jessler. "The Comprehensive Catalog of U.S. Paper Money 1st Ed. . .1717.50 New 2nd Ed. It's a MUST 25.00 Valentine. New Reprint "Fractional Currency of the U.S." 12.50 Dillisten. "Descriptive History of National Bank Notes 1863-1935". Out-of-print 19.50 *Kemal. "The Official Guide to U.S. Paper Money". New 1978 Ed . 1.95 Newman. New 2nd Ed.: "The Early Paper Money of America". All Colonial & Continental Notes Illus'd. & Prices (in 3 grades). A must . 22.50 Van Belkum. "National Bank Notes of the Note Issuing Period 1863/1935" List all charter Banks (14,343) 13.50 Warns. "The Nevada Sixteen National Bank Notes". An Exciting Work 17.50 *Kagin/Donlon. "U.S. Large Size Paper Money 1861/1923", New 5th . . 3.95 *Hewitt/Donlon. "Catalog of Small Size Paper Money". 13th Ed 2.50 O'Donnell, "The Standard Handbook of Modern U.S. Paper Money" 6th Ed. All you'll want to know about block collecting 15.00 *Shafer, "Guide Book of Modern U.S. Currency", 7th Ed. 2.95 *Werich. "Catalog of U.S. & Canada Paper Money." 1974 Ed. 3.95 Above FIVE Starred * (Net) Ppd.. 10.95 BOOKS "IN THE SPOTLIGHT" Save $$$'s on Books .= Special 15% Discount (orders $20 or more (Except where Shown NET). Add 75i on Book Orders (Over $50 add $1.00 SASE for our BIG Book Lists (Over 100 Diff. Titles). Page 266 Paper Money The Twentieth Century U.S. Notes by Walter Breen, NLG PART IV rat INIIIMIDIVTATES qtr STNPS N SOLE ENNIXESLITINIIMIt, X TEN IPOLINALS ICIENT rowng ISIONSOI SECTION NESS WS Whole No. 71 Page 267 (Editor's Note: This completes Walter Breen's updated history of the large size Legal Tender notes which was begun in Paper Money No. 67.1 FIFTH ISSUE. SERIES 1901 TEN DOLLARS. The famous Bison or Buffalo issue. Left and right, busts of Lewis and Clark, by G.F.C.Smillie after Walter Shirlaw. Center, bison, by Marcus Baldwin after Charles Knight. Overall design credited to Ostrander Smith, which probably means borders and layout. Rev. Ceres, uncredited. The new design was originally intended to stimulate interest in the forthcoming Lewis & Clark Exposition (Portland, Oregon, 1905). A total of 133,718,000 printed, according to Hessler, in nine signature combinations. There are four blocks (all incomplete—complete would mean 100,000,000) plus the star or replacement block *-B. The following tabulation conveniently summarizes all. It looks as though there might have been about six times as many of either block -: :- or block E :- as of either A, B or D, which difference in rarity ought to be reflected in F Sigs. Block Observed Range 114 L-R -.:- 1733-46426808 Plates to 321 115 L-T A :- 2-9237625 116 V-T B :- 439810-9669717 117 V-Mc D 2602669-2920778 *-B 1664 118 N-Mc D :- 7480868-11371027 *-B "30xxx" N-Thompson Proofs only 119 P-B E :- 1947739-9896481 *-B 120 T-B E :- 11682824-17808148 *B 121 E-W E :- 18217808-28832904 *-B 240283-413466 122 S-W E :- 26254529 -60776076 *-B 466665-624972 pricing. F-122 is by far the commonest of these, yet in mint state it is very seldom available, and the others are even more difficult to find choice—an odd parallel to that other design triumph, the Educational notes, though to be sure t t. if FEN otit sIORNIVIIPittLifis1 SERIES 1907 Teehee-Burke Ornamental "V" Added SERIES 1917 Teehee-Burke Series dated added on back Page 268 Paper Money more were saved of those. The final delivery consisted of 5,872,000 notes, Aug. 1-12, 1925. Some time in block E :-, during the Teehee-Burke joint tenure, a change was made in the face plates (discovered by Rev. Frank Hutchins). Type I (as previously) has plate number under right check letter, as high as 91, whereas type II (as in later signature combinations) has plate number right of right check letter. In F-120 type II, plate numbers come as high as 117 (continued from type I?). F-121 has face plates of Type II only to date; back plates of type A or B. Type A has plate number at lower right corner, type B has it at lower left corner. Type A plates have been seen numbered as high as 337. Type B resumed numbering from 1. F-122 comes with Type II face plates and both types of back plates; but the face plates resumed numbering from 1 to 71. Star notes are of extreme rarity in all varieties except F-122 and even in this signature combination they are very rare, probably not over a dozen being known. None are reported in F-119 or 120. The mentioned low star note in F-121 is ex W.A.Philpott, Amon Carter Jr.; the high star in F-122 turned up at the 1975 Central States convention. During the period before World War I, a few collectors became interested in low or unusual SNs, and as a result several have been preserved in this design, though to be sure their major efforts were concentrated in the Silver Certificates. The mentioned low in F-114 is ex F.C.C.Boyd:160. In F-115, A2 is pictured in Friedberg; 4 was Sweyd:983; 5, Donlon ex 1963 FUN:287; 10, Boyd:162. A single invert of F-114 was in Kagin 214:1825 (Oct. 31, 1957). SERIES 1907 For unknown reasons, these $5s are listed in Treasury reports as still Fourth Issue. The designs are as in Series 1880 except that a red overprinted V/DOLLARS is at left; red SNs. Hessler gives the printage as 440,128,000, but SN data indicate that the true amount may be higher, unless some SN ranges were omitted from the known blocks. The following tabulation is a convenient overview: Whole No. 71 Page 269 F Sigs. Block Observed Range 83 V-T A :- 5-31408951 84 V-Mc B :- 7628752-30285290 *-B 71641 85 N-Mc B 35144553-80274354 427077 86 N-T D :- 4-1096606 87 P-B E :- 8-83116430 H :- 41894629 *-B 504640-590470 88 T-B E :- 52730811-92720003 H :- 9-39875629 *-B 1189467-1584065 89 H :- 45219371-59105283 *-B 1673601-1778859 90 E-W H :- 51225289-64578773 *-B 1796865 91 S-W H :- 68237745-98657277 K :- 867585-99823570 M :- 10188033-50190628 *-B 1917686-3201018 92 W-W M :- 31293964-48300313 *-B 2386217-3231780 From the above it appears that blocks B, E, H, K were completed (100,000,000 each), but A and M and especially D were far from it. However, if we assume that the four "complete" blocks actually were, that accounts for 400,000,000 of the reported printage, and the high SN's in blocks A, D and M add up to a little over 80 million more, from which it follows either that the reported printage figure is a typographical error or that some of the blocks contained gaps amounting to over 40 million notes. Some of the overlaps within a given block are explainable as reversions, earlier signed plates being put into use after later signed ones, a practice familiar from the Silver Certificates, in which it was usual until recent years. A single uncut sheet is reported of F-90, ex Grinne11:422, Joe Flynn; I have not seen it. Face plate 2. In F-88 (Teehee-Burke joint tenure) slight changes were made in face plates. Type I has, as previously, plate number under right check letter; numbers as high as 494. Type II has plate number to right of right check letter; numbers seen 1285 to 1853, and this type continues through F-92, though numbering resumes from 1 later on—possibly in all Page 270 Paper Money signature combinations from F90 on, as the F-90 sheet is supposedly from face plate 2, and in F-92 plate numbers are seen from 4 to 18. Back plates were also slightly changed in F-89: Type A, as previously, has plate number at top of empty space (numbers to 624), whereas Type B has plate number at lower left part of the same space (numbering resumed from 1). F-90 and 91 come with both types of reverse; F-92 comes with Type B but may also exist with Type A. This discovery, like the corresponding one in Bisons, is by Rev. Frank Hutchins, who has been of great help in this study. Star notes in this series are. very rare in all signature combinations for which they are known, and extremely rare in all but the last two. The unique (?) F-85 star was discovered by Rev. Hutchins, who also found the reported highs in F-91 and 92 stars. The reported high star in F-87 turned up at the 1976 Central States convention. Mehl-Grinne11:1972 was a cut sheet of F-88 stars. Low and unusual numbers in this series were also collected by the same people who went in for them in the Bison notes, and in slightly greater quantity. Among others may be mentioned: F-83. A5, ex Walton:1318; A6, face plate 5, back plate 7, ex Grinne11:102, later R.F.Schermerhorn estate. A10, Kagin 307:51. F-86. Carmi Thompson autographed several sheets, which were cut up and presented to friends. Autographed notes include D4, ex 1963 FUN:270; D5, ex Kagin 286:648; D8, ex Kagin 9/74:1118; D9, ex 1957 ANA:3043; D10, ex Kagin 226:1238; D18, ex Grinne11:105; D20, ex W.A.Philpott Jr., later Donlon; and D55, pvt. coll. Face plates on the F86s include 1035, 1037, 1041, 1045, and probably others. At least one cut sheet is reported. ONE DOLLAR. Four signature combinations. The 1,000,000,000 printage implies ten complete blocks, or nine and part of a tenth with a goodly quantity of stars. To date blocks AA, BA, DA, EA, HA, KA, MA, NA and RA are thought to be complete, with TA more than half so; in addition, there were more than 14,000,000 star notes. The following tabulation conveniently summarizes all this. F Sigs. Block Observed Range 36 T-B A-A 10-93727461 B-A 5-99999999 D-A 15475872-60694544 E-A May exist as reversions 5 -B 8197-4105930 37 E-B B-A May exist D-A 83286484-92723980 E-A 9-99638579 H-A 5-98982055 K-A 33-99999999 M-A 9-77277 N-A May exist as reversions *-B 4599917-10929993 37a BE H-A 9135960-17592992 Plate 1519 only 38 E-W K-A 92012394-92012794 M-A 9000000-99999998 N-A 10-78692075 R-A, T-amay exist as reversions *-B 11135483 39 S-W M-A 7928500/-99998999 N-A 6-94288360 R-A 5-96216700 T-A 5279680-66367900 *-B 11612700-14083242 F-87. E8 was Grinne11:106; E10, Walton: 1321. F-88. H9 was Grinne11:107; H11, 33 and 44, ex Donlon. F-91. No low numbers, only unusual ones. M22222222 and 42000000, ex Donlon, as is K66444444. Changeover pairs exist between F-91 and 92 in block M. The "Pcblic" notes, with an apparent misspelling of the word "PUBLIC" in upper part of text on backs, are from back plates 311 and 404 in block M of F-91, and from back plate 417 in F-92; origin uncertain, possibly damage to a master plate or transfer roll. SERIES OF 1917 This consists only of $1 and $2 notes; types as the last 1880s, but SNs are now red. Issued in enormous quantities. Hessler says one billion $1s were printed, and 289,420,000 $2s, but the actual amounts may be still higher. During the Elliott-White joint tenure, slight changes were made in the back plate. Type A, as previously, has back plate number at bottom of kidney-shaped empty space; numbers as high as 1957. Type B has back plate number at lower right of same space; numbering resumed from 1 and comes as high as 79. The same types are found in F-39. As yet it is not known which type is rarer in either. Discovered by Rev. Hutchins. The F-37a "transposed signatures", Burke on left, Elliott on right, is the result of error on a single plate, 1519-all four subjects, as a cut sheet exists (H17592017-20A). All specimens I have seen are in block H-A, and they come from four batches, represented by 9135950, 13233997-99, 13592xxx, and 17592017-2992. Low and unusual numbers were collected in fair quantity. Among others may be mentioned the following. F-36. In blockAA, 10 is in pvt. coll., 33 ex Zaremba:403 (Stack Sept., 1970), 50 ex Kagin 297:888, 1974 MANA:423; 75 ex Kagin 297:889, 1974 MANA:424; 300 ex Kagin 9/71:690; 500 ex Kagin 297:888, 1974 Whole No. 71 Page 271 MANA:423. In block B-A, 5 is in pvt. coll., 8 ex Limpert:48, 9 ex Donlon, 15 ex Grinne11:57, 34 ex Limpert:49; 55, 66 ex Donlon; 600 ex Stack's; 700ex 1971 ANA:1543; 2000 ex Donlon; 7000 ex Zaremba:404; 99999999 ex Dean Oakes. F-37. In block EA, 9 is ex Donlon, 15 ex Grinne11:58. In block H-A, 5 is in pvt. coll., 9, 33, 55, 66 and 99 all ex Donlon. In block K-A, 33 and 44 are ex Donlon; 1000, Amon Carter Jr.; 99999999, ex 1963 FUN:227, Donlon. In block M-A (which in F-37 is a very rare block), 9 is ex Donlon, 700 1971 ANA:1543, 999 ex Donlon and 1900 ex Limpert. There is also an invert, block and SN unknown to me, ex New Netherlands 37:230. F-38. In block MA, 9000000 is ex New Netherlands 37:232; 99999998, Grinne11:60. In block N-A, 10 ex Kagin 284:1606. F-39. In block MA, 99998999 is in pvt. coll. In block NA, 6 is ex Kagin 282:731; 22, 55, 66 and 77 ex George H. Blake, who was one of the originators of this collecting specialty; 700 ex 1971 ANA:1543; 1900 ex Limpert:53; 60000000, pvt. coll. In block R-A, nos. 5 to 8 (cut sheet) and 9 are ex Donlon, as are nos. 33 and the reconstructed sheet 1909-12; 1917-20, reconstructed sheet, pvt. coll.; 6666666, pvt. coll. Stars are rare in F-36, scarce in F-37 and 39, and there is no rumor of a duplicate F-38. I must here publicly thank Dr. Bernard Schaaf, Michael A. Crabb, Douglas Murray, and Dean Oakes for important help in research. With SN's ranging into the 14 millions, stars ought to be easier to obtain in this issue, but they are not; probably relatively few were released. In block H-A is a famous numbering error: left 64500001, right 64510001, ex Col. Green. TWO DOLLARS. Four signature combinations. The 289,420,000 reported printed would imply two complete blocks plus most of a third. What we find is AA, BA and DA complete, plus EA somewhat over one-fourth complete, together with over four million stars. Either the reported printage involves typographical error, or there were many gaps in blocks DA and EA, or many notes were not released, or some combination of these. The subjoined tabulation explains it: isiv*E8Dift alie IVPAIPSAINiV,410[0.1\,_, Page 2 72 Paper Money F Sigs. Block Observed Range 57 T-B A-A 13-71191151 *_B 2413-611598 58 E-B A-A 73208564-100000000 B-A 1-79127918 *.B 1263110-1945994 59 E-W A-A May exist B-A 24360811-73537506 D-A, E-A may exist as reversions *OB 2234347-2366563 60 S-W B-A 44615668-98115650 D-A 13686211-96948368 E-A 10133868-26970011 5 -B 3212224-4269622 During the Elliott-White joint tenure, slight changes were made in the back plates. Type A, as previously, has plate numbers in left end of the arrowhead-shaped empty space; numbers as high as 235. Type B, as in F-60, has plate numbers in lower right corner of that same space; numbering resumes from 1 and is as high as 39. Both types are found also in F-60. It is as yet unknown which is scarcer in either signature variety. Stars are very rare in all signature combinations. The mentioned high star in F-57 is an invert; compare Mehl-Grinnell Dups.: 1850, "Practically Unc.," at $3.15. There is a cut sheet of stars in F-57, *12857-60B, ex W.A.Philpott Jr., 1971. Low and unusual numbers are nearly as plentiful as in the $1s, thanks to the same people, largely George H. Blake, Col. Green, and later Grinnell and Donlon. Among others the following deserve mention. In F-57, block AA, no. 13 is in pvt. coll.; 19 ex Grinne11:79; 22 ex 1963 FUN:244, Donlon; 33 and 44 ex Donlon; 90 ex 1974 MANA:974; 60006 ex Kagin 285:237. In F-58, block A-A, the final no. 100000000 is in Amon Carter Jr. coll., face plate 192, back plate 225. In block B-A, the first sheet (1 to 4), cut up, was Kagin 298:834; no. 5 Grinne11:80 to Wade; 8, Limpert; 9, 1975 Metropolitan Washington:1110; 26, Dr. Bolt:1763; 11, 33, 44, Donlon; 70, 80 and 90, in various Kagin sales. In F-60, block B-A, no. 55555555 has been in various Kagin sales; in block D-A, no. 81888888 was Grinne11:82, later Donlon; 95000000, New Netherlands 37:231. An invert, block and SN unknown, was Mehl-Grinnell Dups.:1851. SERIES 1923 Only two denominations, $1 and $10, both totally redesigned, the $1 becoming the prototype in layout for the small size notes of 1928. Both denominations are signed Speelman-White, with red SN's in block A-B; star notes are in block *-D. Both have red denomination overprint at right, with the same seal at left as formerly. ONE DOLLAR. Vignette of Washington, but different from those earlier used. Central reverse design is somewhat after the style of that used on the 1913 $50 gold certificates. There are two minor varieties of face plates; the earlier (plate 1-39 and others), lack, while the later ones (plates 265-271, others to 345) have an extra curved line in field parallel to the curved edge just below left edge of lower right counter. Call these types I and II. Back plates also come in two varieties: Plates as high as 894 have a single inner curve at lower right border, plate 1524 and others to 1805 have a double inner curve at this same point .. There are three combinations, I-A, II-A and II-B; I-B is not yet reported but may exist. Official range in block A-B is 1 81872000. Observed range is 26 to 81780886. Issue was stopped as of Dec. 22, 1925. Apparently 8-subject plates were used, one panel vertically lettered A-B-C-D, the other E-F-G-H. No uncut sheets are known, though many 4-subject cut panels and reconstructed panels are known. Low numbers were saved in considerably less quantity than the 1917 series; these deserve mention: 26 (face plate 1, back plate 86), R.F.Schermerhorn estate; 33, Limpert:58, later Kagin 279:198; 57, face plate 1, back plate 108, Schermerhorn estate; 69-72, reconstructed panel, Grinne11:437, later 1964 ANA:1003; 73, Grinne11:62; 78, Mehl-Grinnell Dups.:951; 111, Grinne11:346, later Kagin 216:559; 117, Sweyd:920; 121-4, cut panel, Grinne11:254; 125, Mehl-Grinnell Dups.: 952; 222, Grinnell:347; 225, Merkin; 414-416, 1971 ANA:1148; 461-4, cut panel, Mehl-Grinnell Dups.: 2000; 510, L.S.Werner; 1921-24, cut panel, Mehl-Grinnell Dups.: 2001; 2332, J.M.Wade; 3049-50, Mehl-Grinnell Dups.: 2002; 3100, 3200, pvt. coils.; 4114, Sweyd:921; 4411, face plate 4, back plate 1, Schermerhorn estate; 6900, A.E.Bebee; 8000, Mehl-Grinnell Dups.:953. No repeaters, palindromes, etc., in higher ranges. Star notes, as usual, were not mentioned in official reports; quantity printed or issued unknown. Observed range is *3050-433450D. They are rare, possibly two dozen in all being reported, but half this number consisted of cut panels from one of the two tiny hoards: *4213-16 1, ex F.C.C. Boyd *4401-04D, Kagin, 1975 Metro. Washington: 1098 *4429-3213, Donlon. The first hoard consisted of scattered numbers in the range *4212-4501D, the second of even more widely scattered numbers in the range *335364-433450D. The Continued on page 304 77 3 1,.! TiMalikiltitilee_4174,4111104' OtibilaUfa 4451 Vikeovglivoir tig * NAIMMECILL 1111ANIIL 1.1111.111,176M ollt.0111(.1113, • Aliiii.6114.10411134.14.1.144124.24.1.4124AUP 31114121 "iiti/Wim0//w '////q -iimaalsoitarRatismirretrtsmtiu„.-ztting Whole No, 71 Page 2 73 NEW YORK STATE CURRENCY WANTED NATIONALS ALL SIZES AND TYPES Alexandria Bay 5284 Amityville 8873 Babylon 4906 Babylon 10358 Baldwin 11474 Bay Shore 10029 Bellerose 13234 Bellmore 11072 Bellport 12473 Bridgehampton 9669 Brooklyn (Long Island N.B.) 12885 Brooklyn (Nassau N.B.) 658 Cedarhurst 11854 Central Islip 9322 Cutchogue 12551 East Hampton 7763 East Islip 9322 East Northport 12593 East Rockaway 12818 East Setauket 11511 East Williston 13124 Farmingdale 888 . 2 Floral Park 12499 Franklin Square 12997 Freeport 7703 Freeport 11518 Glen Head 13126 Great Neck 12659 Greenport 334 Greenport 3232 Hampton Bays 12987 Hempstead 4880 Hempstead 11375 Hicksville 11087 Huntington 6587 Inwood 12460 Islip 8794 Kings Park 12489 Kings Park 14019 Lake Ronkonkoma 13130 Lindenhurst 8833 Long Beach 11755 Long Beach 13074 Lynbrook 8923 Lynbrook 11603 Manhasset 11924 Mattituck 13445 Merrick 12503 Mineola 9187 Mineola 13404 New York City (Dunbar N.B.) 13237 New York City (Long Island, N.B.) 12885 New York City (Nassau N.B. 658) Northport 5936 Oceanside 12458 Patchogue 6785 Patchogue 12788 Port Jefferson 5068 Riverhead 4230 Rockville Center 8872 Rockville Center 11033 Rossevelt 11953 Roslyn 13326 Sayville 5186 Smithtown Branch 9820 Southampton 10185 Valley Stream 11881 West Hempstead 13104 Westbury 11730 Woodmere 12294 I also need Obsolete Currency and Scrip from any of these above towns as well from: BROOKLYN ORIENT POINT GLEN COVE LONG ISLAND SOUTHOLD SETAUKET PORT JEFFERSON FREEPORT JAMAICA GREENPORT WILLIAIV1SBURGH SOUTH HUNTINGDON Suffolk County Bank of Sag Harbor Interested also in Chicago, Illinois #12227—Douglass National Bank. I will also buy old "Satirical" cartoon currency poking fun at political candidates. Also needed are any bills of any country, any series with repeater numbers similar to 20202020, 00002020, 2020 DR. ALAN YORK NUMBER ONE MAIN STREET, EAST HAMPTON, NEW YORK 11937 516-324-1024 Page 274 K60062660 A 1(60062660 A 114111111111C -11111.1111.11411.41101111.001 as PCLIGVEst A...me:A.14 .1x To—AVM IME-1,10314 tIM SOEVANI11 , ra+L.E Torel 1R4.£A 4t: By John Semeniuk signature combination found on the regular blue seal notes of these series, W.A. Julian/Henry Morgenthau, Jr. These yellow seal bills were printed by the Bureau of Engraving and Printing at the request of the War Department. The first lots of the $1, $5, and Paper Money Hawaii, and a similar step was subsequently taken with regard to North Africa. When the American forces landed there in early November, 1942, they utilized for purposes of payment and purchase, $1, $5 and $10 Silver Certificates which bore yellow Treasury Seals instead of regular blue seals. (Note: In Black Market Money (Louisiana State University Press, 1964), Walter Rundell, Jr., indicates that the Army initially used blue seal dollars in North Africa. No dates are provided, however, and the period of use must have been short.) Except for this unique feature, the notes were similar to the Silver Certificates then in circulation in the United States, and the serial numbers retained their regular blue color. The series used for this purpose were: 1935-A $1; the 1934-A $5; and the 1934 and 1934-A $10 notes. All the notes bore the same Treasurer/Secretary of Treasury YELLOW SEAL NOTES and their various war-thne functions In anticipation of the Allied invasion of North Africa (Operation TORCH), the U.S. Treasury Department in July, 1942, raised the possibility of printing a special military currency for use there by American forces. Both the War and State Departments, however, were opposed to such a currency and nothing ever came of the proposal. Nevertheless, a solution had to be found for the payment of the American troops and to allow the American occupation authorities to have readily available, abundant supply of paper currency. That same month, July, 1942, the United States introduced a specially marked paper currency (HAWAII overprint) for use in Whole No. 71 $10 notes were delivered on September 4, 1942, well before the actual invasion of North Africa took place. The last lot of the $1 notes was delivered on April 24, 1944; and the last lots of the $5 and $10 notes were delivered on May 8, 1944. As will be seen, and as the April and May, 1944 delivery dates indicate, the use of the yellow seal notes was not limited to the early phases of the war. Delivery totals include 26,916,000 $1 notes; 16,660,000 $5 notes; and 21,860,000 $10 notes ( both series). Also issued were 25 uncut $1 sheets of twelve notes each. These yellow seal notes were issued to American forces by the Treasury Department through the War and Navy Departments. Regular issue American coins were used to supplement the yellow seal notes. Immediately after the invasion, payments were made half in bills and half in species. The coins were more popular with the local populations than were the yellow seal dollars and thus tended to disappear quickly from cir- culation. Because the yellow seal currency was for all practical purposes regular U.S. currency and thus represented an obligation on the part of the government, the amount of silver certificates circulating in the United States had to be reduced by the amount of yellow seal silver certificates which were prepared for overseas use. The reasons for the issuance of the yellow seal notes were primarily three: 1) If a large amount of the currency were to fall into enemy hands, it would be easy to isolate the whole issue and to invalidate it before it could be used for subversive purposes. 2) To prevent enemy agents from using blue seal Silver Certificates in their possession to flood American-occupied areas for purposes of disruption. 3) To facilitate their entry into the United States by freeing them from the restrictions imposed upon regular U.S. currency. The experience in North Africa quickly showed that there were deleterious effects connected with the use of the yellow seal notes. For one thing, they were a genuinely stable currency, and thus were hoarded and preferred over local currencies by the native populations. This tended to undermine the local currencies by pointing out their weaknesses and true black market values vis- a-vis the American dollar. Also, the use of yellow seal dollars afforded American soldiers the opportunity to engage in black market ac- tivities. They were able to sell their personal possessions, PX supplies, and yellow seal dollars for local currency. In some places, premiums for yellow seal notes ran as high as 160 per cent over the official rate of exchange between dollar and franc. Due to ineffective controls over the conversion of local currency into dollar credits, servicemen were thus able to send home as savings amounts in excess of that which had been paid out to them. While not immediately serious, this problem of troop payment overdraft was to plague American occupation forces until September, 1946, when the in- troduction of Military Payment Certificates put an effective stop to the practice. One of the many economic problems which beset the Anglo- American forces in North Africa had to do with exchange rates. Prior to the invasion, the exchange rate between the franc and the dollar had been 44 francs to $1. Following the invasion, the exchange rate agreed to by Allied and French experts was 50 francs to $1. Roosevelt, however, or- dered this rate changed to 75-to-1, believing this to be a more realistic rate. This brought protests from the French, and during the Casablanca Con- ference in early 1943, the Allies agreed to revert to the 50-to-1 rate of exchange. The results of this conference afforded enterprising soldiers with the opportunity to make some money without the need to engage in blackmarketeering. This was due to a singular arrangement which existed for a brief period of time. Banks continued to use the 75- to-1 rate of exchange through February 8, 1943, and army finance offices through February 15, 1943. Army post offices, however, had begun to use the 50- Page 275 to-1 rate on February 2, 1943. Due to this uncoordinated policy, soldiers were able to exchange their yellow seal dollars for francs at a finance office or bank at the 75-to-1 rate and then go to an army post office and there purchase money orders at the 50- to-1 rate. Thus for each $2 ex- changed for francs at the 75-to-1 rate (150 francs), $3 could be gotten in return at the post office rate of 50-to-1. Yellow seal dollars were also utilized in Egypt. Here the Army followed a policy of purchasing yellow seal currency from local banks, thus reducing logistical burdens. By December, 1944, a total of $3,049,676 in yellow seal dollars had been purchased from the National Bank of Egypt by the finance officer of the Cairo military district. The decision to do away with payments in yellow seal currency in North Africa was made in the spring of 1943. The economic angle was partly responsible for the decision, but political motives were also involved. The Allies felt that both "occupied" and "liberated" countries should play a more active role in the oc- cupation or liberation, whichever the case might be, by bearing a part of the cost. The best way to do this, they reasoned, was to utilize currencies which would be denominated in local monetary units and which could be made wholly or partly the respon- sibility of each "occupied" or "liberated" country. As long as payments continued in dollars, however, this transfer of costs could not be accomplished. This plan to eliminate the yellow seal notes was not easily carried out, though, as there were serious disagreements over what type of local currency should be issued. On the one side, the U.S. Treasury and War Departments favored issuing a franc-denominated military currency on the authorization of the Supreme Commander. On the other side, the British insisted that the issuing authority for the franc-denominated currency be vested in the CLN, the French Committee of National Lib- eration, which had been formed in Algiers on June 3, 1.943, to fulfill the function of a Free Page 276 Paper Money French government-in-exile. The printing of these military francs, which had already begun, had to be halted because of this ob- jection. After protracted negotiations, the differences were ironed out and a compromise was reached. The notes were not issued as a military currency on the authority of the Supreme Com- mander. They were printed by a private firm in the U.S. but were issued by North African banks. The CLN, under whose super- vision these banks operated, then declared the notes legal tender and called in the local currencies which were then in circulation. Though the American forces did utilize the francs, the use of yellow seal notes was not entirely abandoned in North Africa. And even though the disadvantages of using yellow seal currency had been realized from the ex- perience in North Africa, their use was extended to other areas. The notes appear next on the opposite side of the Med- iterranean, where they were used as the American spearhead currency for Operation HUSKY, the Allied invasion of Sicily, which took place in early July, 1943. The notes were used for paying the troops and in payment for local purchases. The relevant instructions on their issue and use were given in Combined Chiefs of Staff Directive of June 28, 1943, to wit: (in abridged form) 1. "During the initial period of operations, the United States task force will use yellow seal dollars and regular United States coins. The British Military forces will use British Military Authority ( B.M.A.) notes and British coins, as well as local currency in their possession. Yellow seal dollars and B.M.A. notes are available in NATOUSA (North African Theater of Operations, U.S. Army) and additional shipments can be procured when desired from the United States Treasury and the British Treasury. 2. "The use of yellow seal dollars and B.M.A. notes for army payments to troops and for local procurement shall cease and Allied military ( A.M.) lire shall be used in their place as soon as available, unless the military government decides that the time is not propitious for such change. 4. "The rate of exchange be- tween the U.S. dollar and the B.M.A. note shall be four dollars to one pound and both currencies shall be made interchangeable at that rate. The United States Treasury will make the necessary arrangements with the British Treasury. 5. "The U.S. yellow seal cur- rency and the B.M.A. notes shall be withdrawn from cir- culation as soon as it can be satisfactorily accomplished. The date for the withdrawal shall be determined by the military government after the operation has begun. 6. "The rate of exchange to be decreed on D-Day shall be 100 lire to the dollar and 400 lire to the pound sterling. A proclamation shall be issued requiring all persons to accept the U.S. yellow seal dollars and B.M.A. notes at the decreed rate, Transactions at any other rate shall be pro- hibited." Yellow seal dollars were also used in Italy proper in late 1943. Italy surrendered on September 8, 1943, and yellow seal dollars and B.M.A. notes were in- troduced there later that same month to supplement the lire currency, both military and indigenous, which was in short supply. Both the yellow seal dollars and the B.M.A. notes were declared legal tender by a proclamation of the Italian government. During the planning stages of the Normandy invasion, one topic of discussion centered around the type of currency which should be initially utilized by the invading armies. The U.S. Treasury Department suggested that yellow seal notes be used as the American spearhead currency. A memorandum dated September 23, 1943, stated in part that: "The U.S. dollar seems to be ideally suitable for use by American forces during the initial stage of an invasion operation. "The U.S. Army is quite satisfied with its experience in North Africa and Sicily with yellow seal dollars and is prepared to employ this same type of currency during the initial period of invasion elsewhere if the situation seems to warrant it." SHAEF (Supreme Headquar- ters Allied Expeditionary Force) did not share the Treasury Department's enthusiasm, however. In a November 8, 1943, communique to the War Department, SHAEF stated that: "Strenuous objections exist against use of yellow seal currency for the following reasons: "It seems inappropriate to liberate an occupied country and immediately introduce a new currency. "It adds one more type of currency to be dealt with by finance officers, (and) British and Canadian Field Cashiers. "In those cases where costs of operations will be charged to the country occupied, it will be im- possible to have (the) country bear expenses initially if yellow currency is used as this will always remain an obligation of the United States to redeem. . . ." The British and French were also opposed to the idea, and the plan to use yellow seal dollars as an invasion currency was scot- ched. The use of yellow seal currency with regard to France crops up once again, however. To un- derstand how this interesting development occurred, it is necessary to review the events leading up to it. As in the earlier North African and Sicilian invasions, the Allies felt that the invading armies should be provided with an abundant supply of ready currency for use in France. SHAEF had recommended that Metropolitan francs (i.e., regular French currency) be used as a spearhead currency. This proposal was rejected, however. And, because of Roosevelt's reticence to recognize the CLN as the rightful French government- in-exile, negotiations with the French on the matter of an in- vasion currency were precluded, even though the U.S. had deferred to the French and British in regard to the yellow seal dollars. Furthermore, an extension to France of the same currency arrangement which had been introduced in North Africa was ruled out, and Roosevelt overruled the British who Whole No. 71 suggested that the North African francs be used as an invasion currency. It was decided instead that a military currency be issued for the invasion of France. Accord- ingly, the printing of this currency began around February 15, 1944, and eventually over 40 billion of the francs were delivered to SHAEF. A controversy quickly de- veloped, however, as to who would declare the currency legal tender. Under American pres- sure, the Combined Chiefs of Staff directed Eisenhower to issue them under his authority as Supreme Commander. SHAEF was reticent, however, and suggested that the matter be placed into French hands. The problem was further complicated when on May 15, 1944, the CLN transformed itself into the Provisional Government of the French Republic. This developemnt made SHAEF conclude that Eisenhower "had no real legal authority to declare the currency legal tender in liberated metropolitan France— On D-Day the question was still unresolved. Nevertheless, the landing troops brought the military francs ashore with them and soon put them into cir- culation without any official proclamation as to their legal tender status. On being made aware of this development by de Gaulle, the French Provisional Government reacted with an indignant protest, part of which stated that: "The Provisional Government cannot grant any legal value to the stamped paper which has been circulated without its consent. . . ." In a communication of June 9, 1944, Churchill warned Roosevelt that failure by de Gaulle to en- dorse the currency would mean that the notes would have no French backing behind them and that Britain and the United States might be made responsible for them. Churchill added, however, that he did not think that de Gaulle would dare denounce the currency publicly, and expressed his belief that the French people would accept the notes regard- less of whether de Gaulle en- dorsed them or not. In his reply of June 13, 1944, Roosevelt stated that he did not think the situation was too serious. He noted that Ei- senhower was empowered to declare the franc currency legal tender and that it was not really necessary for de Gaulle to en- dorse it. Interestingly, he further pointed out that Eisenhower was "authorized to use BMIr notes or yellow seal dollars if it should develop that the French people will not accept the supplemental franc currency." Should this step be necessary, he continued, "the Committee (CLN) will be held responsible for any ill effects caused by using BMA notes and yellow seal dollars in France. One sure result will be that the French franc will depreciate on a sterling and dollar basis on a black market. This will bring to light and stress the weak spots in the monetary system of France. This was one of the main reasons for accepting the French Com- mittee's request that we should not employ. . .yellow seal dollars as a spearhead currency." Parenthetically, it is in- teresting to note that the issuance of B.M.A. notes and yellow seal dollars in France was seriously considered as a contingency measure, for there exist specimen B.M.A. notes bearing the overprint FRANCE. As Churchill had opined, though, the French people ac- cepted the military francs willingly. Though problems did later arise with regard to the currency, conditions never did reach the point where the in- troduction of yellow seal currency and B.M.A. notes became necessary to "punish" France. The use of yellow seal dollars was also considered as a con- tingency measure for Germany. The May 21, 1944, Combined Civil Affairs Committee Directive for Military Government in Ger- many Prior to Defeat or Surrender, stated that: "In the event. . .that for any reason adequate supplies of Allied Military marks and / or Reichsmarks are not available, the United States forces will use yellow seal dollars and regular United States coins and the British forces will use British Military Authority notes and Page 277 regular British coins." Many of the other provisions of the directive were similar to the earlier-quoted ones incorporated in the directive which was issued for the Sicilian campaign. However, as in France, the need never arose in Germany for the issuance of yellow seal notes, for the Allied forces were amply supplied with military currency. American troops sent from one theater of operations to another were frequently paid in yellow seal dollars. Similarly, once the Allies had secured victory in Europe, American troops being sent from there to the Pacific area were paid in yellow seal currency. Not generally known is the fact that yellow seal notes were also used in a number of places other than North Africa and Italy. The occupation forces sta- tioned in Rumania, Bulgaria, and Hungary were primarily made up of troops from the USSR. There was, however, also token forces of British and American soldiers. The armistice concluded with each of these three states provided that each was to supply the occupation forces with all the supplies, services, and facilities they required, or in lieu of the above, with the funds necessary to procure such. The currency arrangements in the three countries were handled primarily by the Soviet authorities. The bulk demands for cash made by the British and Americans were reviewed by the Financial Section of the Allied Control Commission. After its approval, the local currencies were then drawn directly from the central banks. In each of the three countries, the Soviet and British troops were paid in local currencies. On the authorization of the U.S. War Department, American per- sonnel, however, were in each of the three countries paid in yellow seal dollars. There were two basic reasons; morale purposes, and as protection against depreciating local currencies. The Allied forces entered Greece in early October, 1944, and a new drachma currency was introduced in early November, 1944. In response to a Greek government request, both the READER'S PARTICIPATION COLUMN SYNGRAPHIC CHAT Page 278 British and the American authorities initially used B.M.A. notes for the payment of per- sonnel, but this practice was discontinued on April 16, 1945, and drachma currency was used instead. Because of the instability of the Greek currency and its con- tinuing depreciation, however, U.S. military authorities in June, 1945, proposed to the Greek government that U.S. troops be paid in yellow seal notes. Fearful of the harmful effects on the weak Greek economy, the Greek government would not consent to this. Nevertheless, by the end of the year, inflation had progressed so quickly and the Greek currency had depreciated to such an extent that the U.S. authorities did begin to use yellow seal dollars to pay American personnel. Yellow seal currency was also utilized in Yugoslavia. The Allies had originally planned to use B.M.A. notes to meet the needs of the Allied military relief organizations and of the small number of Allied military per- sonnel, composed chiefly of the Royal Air Force, that would be based on Yugoslavian territory for operations against Germany. But when this proposal was put to the Yugoslavian Finance Minister at Belgrade in January, 1945, he opposed it. Instead, he asked that the Allies use Italian lire in the coastal areas where most of the Allied activity would be centered. In Belgrade, however, the lire currency was not acceptable, and here, in a curious reversal of the situation in Greece where American personnel had used B.M.A. notes, both American and British personnel were paid in yellow seal currency. The British ob- tained the yellow seal notes from the U.S. Army, with settlement made between London and Washington. Due to a curious currency arrangement in Albania, yellow seal currency was also used there by the American Military Mission. In the spring of 1945, an agreement was reached between the Allied forces and the government of Enver Hoxha, by which Albanian francs were to be provided to the Allied Military Liaison Headquarters. The francs which were used to pay Allied military and civilian personnel were subject to reimbursement in sterling or in other agreed foreign currency. Hoxha would not extend the Paper Money above currency arrangement to Allied missions or agencies not related to relief activities. And so, while the Military Liaison Headquarters was provided with Albanian francs by the Albanian Ministry of Finance, the British and American Military Missions had to acquire their francs by other means. The British Mission bought its local currency with gold sovereigns in the open market in Tirana, the capital, and the American authorities used both yellow seal currency and gold to acquire their supply of local Albanian currency. There are two other possible European areas where yellow seal currency may have been used during or after the war; in Poland and at the air base maintained by the U.S. during the war at Poltava, Ukrainian Soviet Socialist Republic. Further re- search 'will be necessary to confirm this, however. Yellow seal notes filtered back into the U.S. both during and after the war, and some even managed to circulate for awhile, till they were finally retired from circulation by collectors and the government, thus bringing to an end a short though colorful career. • Editor: The interesting article "Financial Woes of the Confederacy" (P.M. No. 69, May/June 1977) shows again how useful such an essay can be notwithstanding the vast coverage of the subject over the years. This brief piece discusses the financial background of Confederate currency issues to an extent sufficient to give the modest beginner some understanding of the historical drama of which his collection is an actual part. Indeed, some collectors with more extensive holdings may choose to go no deeper into premises and figures than those recounted here. Others may find their interest stimulated to research. Mr. Roakes soundly opens and closes his view of the decline of Confederate finance by emphasizing that only military success could have saved the Southern dollar and without military success that dollar was doomed. Many numismatic treatments of the fiscal failure tend to dwell on the absence of a legal tender and other purely monetary shortcomings. A curious error in the article should be examined. The Confederate Secretary of the Treasury is named as Curtiss G. Memminger. It would be interesting to learn the source of the error, for this incorrect name has appeared before. The correct name, of course, is Christopher G. (Gustavus) Memminger, and it must be said that he served long and honorably in a difficult position. David Ray Arnold, Jr. WRESTLING PRIZE? From the Wrist Wrestling Capital of the world, Petaluma, Calif., an 1 875 $10 National Gold Bank Note from that city's First N.B. was offered in the Hickman & Oakes mail sale. Grading fine, the note sold for $1,575. Only $930 was reported unredeemed in 1910. Dr. Douglas Ball In his February 1977 editorial in • The Bank Note Reporter, Editor Austin Sheheen, Jr. had this to say of Dr. Douglas Ball: "I first met Douglas at one of those "rag pickers" sessions sponsored by the A.N.A. some years ago. Immediately we began a friendship that has prompted many pieces of correspondence, telephone conversations and personal visits. DURING THOSE YEARS I HAVE COME TO KNOW AND RESPECT DOUGLAS AS ONE OF THE GREATEST AUTHORITIES AND TRUE SCHOLARS OF THE ECONOMIC AND FINANCIAL POLICIES OF THE CONFEDERATE STATES OF AMERICA THAT HAS EVER LIVED ..." In a past issue of • Coins Magazine, WALTER BREEN said of Douglas Ball: "Douglas Ball, author of a splendid long foreword to 'The Register' (Thian's Register of the Confederate), is probably the best informed collector of Confederate States of American material now alive ..." NASCA NUMISMATIC AND ANTIQUARIAN SERVICE CORPORATION OF AMERICA 265 Sunrise Highway. County Federal Bldg., Suite 53 Rockville Centre, L.I., New York 11570 516/764-6677-78 George W. Ball, Chairman of the Board Whole No. 71 Douglas Ball has long since expanded his horizons and abilities to all phases of currency. He unquestionably ranks amongst the most knowledgeable leaders in the currency fraternity. DON'T YOU THINK HE SHOULD CATALOGUE YOUR COLLECTION OF CURRENCY FOR OUR FALL 1977 SALE? WE DO! LET'S DISCUSS IT NASCA has instituted a tradition that has propelled us to the forefront in the fine auction sales of quality material of all types. Why not write or call Herb Melnick today so we may discuss our most favorable consignor terms with you. Page 2 79 NASCA 265 Sunrise Highway Suite 53 Rockville Centre, N.Y. 11570 Dear Mr. Melnick, q I wish to discuss the disposition of my collection. q Please call me at ( q Please write me Name Address City State Zip Code Page 280 Paper Money 192395 HOTERIETIES M. OWEN WARNS SUPPLEMENT IV Additions to the 1929-1935 National Bank Note issues previously reported Since supplement III appeared in the January-February, 1976, issue (#61) of Paper Money, Society members have intensified their efforts in this endeavor. Uncovering these notes has become increasingly difficult as we approach the nitty-gritty stage of the on-going research. This latest compilation lists 654 heretofore unknown notes of the 1929-1935 issue to be recorded, and are in addition to the original compilation by Louis Van Belkum that appears in "The National Bank Note of 1929-1935" published by the Society of Paper Money Collectors* and the three supplements appearing in Paper Money as follows: PM#31—March, 1971, PM#54—November, 1974, and PM#61, January-February, 1976. In checking through the current listing of newly reported notes it becomes apparent there is a rise in the number of new bank titles being represented, in fact, 25% of the total number of new notes reported are from banks not previously reported! This could be the result of a squeeze traceable to the many common and medium size banks having had a large circulation of notes that were reported earlier. However, the scarcer notes continue to surface but at a slow pace. These newly reported bank titles appearing in this supplement listing are identified by the asterisk (*) placed to the left of the charter number. In this category of new bank titles, Illinois leads with 43, followed by Pennsylvania with 26; New York with 18; Ohio, 13 and California 12. The majority of the notes remaining to be located and listed are bound to be elusive due chiefly to the nature of the banks issuing them. These banks for the most part are situated in small towns or in sparsely populated areas, as a consequence they would have had a correspondingly small amount of notes issued to them to begin with. Still another contributing factor took place when the late-chartered banks returned their shipment of circulating notes intact to the Comptroller's Office due partially to the fact the note issuing period came to a close on May 31, 1935. Other banks returned the uncirculated notes reposing in their vaults for other reasons. The instructive lesson here is that not all the notes delivered according to the Comptroller's reports were placed in circulation. However grateful the researchers are for these reports, in the same breath bemoan the fact that a public report of the amounts of those notes returned and never placed in circulation is unavailable. To add to the perplexity if you will check Louis Van Belkum's "The National Banks of the Note Issuing Period 1863-1935" you will find many of the chartered banks had elected not to have circulation notes issued to them. *Available to Society Members at $9.75 prepaid from J. Roy Pennell, Jr., P.O. Box 858, Anderson, S.C. 59621. courtesy—Lyn Knight A000114A .i a A000114A ---"11,0; %TY ' THE FIRST NATIONAL BANK BF • WHITE CS% SOUTH DAKOTA • Witt MY YOTNH Of.ANIIN ON MOON 0 tf) TWENTY EMPLLARS Whole No. 71 Page 281 ALABAMA 7044 Troy $20 7417 Alexander City . 20 7484 Sylacauga . . . 20 8560 Gadsen 10 *11451 Fort Payne 5 13380 Salinas 20 *13510 Hollister . . .10, 20 13877 Brea 5 COLORADO 5503 Fort Collins . . 7995 Berthoud 20 ARKANSAS 8952 Huntsville . .. . 10 9501 Fordyce 5 13155 Paragould . . . . 20 CONNECTICUT 497 Suffield 20 780 Waterbury . . . 50 1193 Deep River 5 1193 New Milford . . . 20 1243 New Haven 5 12637 Plantsville 5 CALIFORNIA 1741 San Francisco . 100 2158 San Jose . . . . 100 2456 Santa Barbara 50, 100 3499 Pasadena 10 3818 San Bernardino 20 5863 Hanford . . .10, 20 6481 Anaheim 20 *6808 Porterville . . . 20 *6919 Oroville 10 7058 Monterey 20 7176 Napa 5 7202 Sonora 10 7502 Oakdale 10 7997 San Jacinto . .5, 20 8768 Rialto 20 9424 San Mateo . . . 10 9459 Banning 20 9424 San Mateo . 10 9459 Banning 20 9626 Fort Bragg . . . 10 9713 Willows 10 9745 Santa Cruz 5 9873 Weed 10 20 9892 Antioch 10 9894 Puente 5 9897 Pleasanton . . 10 10100 Redding 20 10120 Dixon 20 *10233 Venice 10 *10324 Mountain View 10 *10328 Orosi 10 10571 Santa Cruz . . 10 *10984 Fairfield .. .10, 20 *11326 Crockett .. . .5, 10 11473 Fresno 10 *11601 Salida 20 11684 Suisun 20 11732 Culver City. . . . 20 11873 Long Beach .. . 20 11875 Sacramento 100 *12172 Paso Robles . . . 20 12341 Richmond . . . . 10 *12572 Walnut Park . . . $5 12640 San Rafael . . . . 10 12665 Oakland 10 12819 Long Beach . . . . 5 12976 Fontana . . .10, 20 13200 Santa Ana . .. . 10 13312 Winter 20 13340 Yreka 5 20 13368 Vallejo 10 10690 Gorham 20 *10777 Staunton 5 *10911 Ava 50 *11283 Barrington . . 20 11308 Hinsdale 20 11443 Fairmount . . 10 *11662 Cicero 5 11731 Rockford 20 *11845 Livingston . . . 10 *12373 Jonesvoro 5 13144 Witt 5 *13373 Chicago Heights . 10 *13448 Georgetown . . . 10 13452 Mount Olive . 10 13525 Smithson 20 *13597 Blandinsville . 10 *13611 Mendota 10 *13650 Witt 10 13695 Freeport 10 13696 New Douglas. . 20 *13795 Mascouth. . . 10, 20 13865 Monticello . . . 20 14035 Granville 10 *14297 Lanark 50 Metropolis . . 20 Ogden 20 Rossville 10 Anna 100 Chillicothe . .10, 20 5619 Chadwick . . 20 5815 Malta 20 6125 Collinsville 5 *6136 Benton 10 6318 Clifton 10 *6460 Grayville 20 6514 Libertyville . 5 *6543 Steward 20 *6713 Brookport .. . . 10 6811 Waoodstock . . 20 6907 Sumner $10 *7031 Compton 10 7079 Momence 10 7276 Catlin 10 7575 Newman 10 *7598 Carbondale. . . . 20 7889 Carterville . .. . 20 *7954 Metcalf. . 10, 20 3593 Canton 5 3613 Lincoln 5 3640 Beardstown . . . 10 3916 Chicago 10 4019 Murphysboro . 50 *4233 Effingham .. . 10 *4449 Anna 5 4480 Mount Carmel . . 5 *4930 5 4999 20 *5009 10 5193 5 5254 *5304 5398 *5525 *5584 Normal Grayville Fairfield Rantoul DELAWARE 6726 Laurel 5 FLORIDA 10578 Ocala 10 GEORGIA 4944 Brunswick 5 6004 Bainbridge 5 *7468 Statesboro 5 7994 Quitman 5 *8680 Pembroke 5 9252 Elberton 10 *9879 Vidalia 20 11833 Cedartown 5 *13725 Sandersville 20 *14257 Cordele 5 IDAHO 13288 Coeur d' Alene . 5 ILLINOIS 415 Canton 50 913 Campaign • .. 20 945 Waukegan • . . $20 979 Galena 20 1042 Pittsfield 20 *1177 Mendota 20 1715 Salem 20 *1723 Tuscola 50 1896 Sycamore .. 10 1926 Clinton 10 1964 Wilmington 50 2165 Princeton 10 *2205 Monmouth. 100 2241 Havana 20 *2330 Virginia 10 2332 Geneseo 10 *2540 Cambridge . .10, 20 2681 Streator 20 *2808 Hoopeston . . . . 20 3102 Chicago 20 3156 Metropolis . .. . 20 3190 Belvidere 20 3279 Galena 10 3294 Dixon 10 3303 Centralia 20 3376 Paris 10 3407 Farmer City .. . .5 INDIANA 206 Elkhart 20 363 Peru 10 571 Crawfordsville . 10 1032 Seymour 20 1034 Connersville . . 10 1456 Rushville 20 1457 Madison 20 *2043 Washington . . 100 *2375 Kokomo 20 4809 Muncie 5 5756 Tell City 5 6959 Haetford City . . 10 7758 Marion 5 8337 Fairland 10 8620 Brazil 20 *8878 Sunman 10 8956 Tennyson . . 10 9073 Fort Branch . 5 9090 Holland 20 10234 Mulberry 5 10551 Princeton 20 11782 Milroy 5 *12532 Kendallville . . . 5 *13862 Swayzee 10 8015 8221 8256 *8260 8425 *8457 *8473 8648 8670 8713 8732 8740 8933 8940 Carrier Mills . . 20 Nashville 10 Oakford 20 Christopher . . . 20 Millstadt 20 Madison 10 Greenfield . . . 10 Manlius 10 Herrin 20 Manhattan . . . 20 Mackinaw 5 Geneva 10 Lockport 10 Taylorville . . . 20 9208 Minooka 20 9230 Tampico 10 9368 Wheaton 10 9397 Brighton 5 *9525 Odin 10 9734 Greenville . . . 20 9736 Mascoutah . . 20 9786 Sanddoval 20 9893 Breese 10 9922 Mount Auburn 10 10108 Chicago 10 10180 Waterloo 20 *10257 Annapolis 10, 20 *10305 Chicago 10 10567 Caledonia IOWA 299 Mount Pleasant 20 *3017 Ames 20 3420 Webster City. . 10 4376 Charter Oak . . • 20 4510 Sioux City .. . 10 4885 Osage 20 5011 Forest City. 20 5707 Gowrie 20 6434 Stanton 20 6659 Klemme 20 6953 Hill 10 7108 Aurelia 10 *7322 Akron 20 *7382 Henderson . 20 Page 282 Paper Money 11072 Bellmore 108340 Thornton 10 20265 Winoni 50 8497 Barnegat 20 8762 Ackley 10 11579 Nashwauk 20 9213 Manasquan. . 10 11087 Hicksville 10 8931 State Center .. . 20 *10224 Bradley Beach . . 10 11474 Baldwin 5 *9116 Kingsley 10 MISSISSIPPI 10712 Bloomsbury .. . 20 *11854 Cedarhurst . . .5, 20 *10034 Storm Lake . . . 20 7461 McComb City . . 20 11744 Elizabeth 5 *11924 Manhasset . . . . 10 *10408 Ames 10 13708 Jackson 10 12064 West New York . 20 12352 New York . . . . 10 13842 Hampton 10 12397 Jersey City. 10 12460 Inwood 5 20 3175 Fort Scott . . . 55 MISSOURI 12524 Perth Amboy . .10, 12788 Patchogouge . . . 5 *3463 Pittsburg 5 2636 Appleton City . . 10 20 12818 East Rockaway . 20 3543 Junction City . . 20 *3686 Chillicothe . .. . 10 12732 North Bergen . . 20 12965 New York . . . 10 *3824 Centralia 20 4079 Carrolton 5 *12806 Guttenberg 5 *13006 Livonia 5 *6386 Ashland 20 4425 Joplin 100 *12891 Allenhurst . . .5, 10 *13104 West Hempstead. 10 5757 Council Grove . 4933 Trenton 10 *13136 Cedar Grove . . 10 13126 Glen Head . .. . 10 7125 Larned 5 5973 Monett 10 13203 Camden 20 *13234 Bellerose 5, 10 7303 Eureka 20 *6875 Centralia 20 13364 Hackensack 10 13404 Mineola 20 8596 Formoso 10 7205 Albany 20 13628 Belvidere . . 10, 20 13445 Mattituck . . . 10 *9373 Prairie View . . . 10 7351 Braymer 20 *13848 Belmar 20 13644 Painted Post .. . 10 11405 Atchison 20 *7806 Clinton 5 *14177 Sea Bright 5 13822 Kingston 10 13801 Kansas City .. . 20 *8979 Cassville 5 10122 Purdy 20 NEW MEXICO NORTH CAROLINA KENTUCKY *10784 Caruthersville • . .5 *6288 Tucumcari . . . . 10 5048 Goldsboro . . . . 10 2560 Cynthiana 5 11344 Kansas City . • 100 *7720 Las Cruces . .. . 20 7554 Louisburg . . . . 20 4260 Covington . 50 12333 Clayton 20 8767 Clovis 5 *8272 Asheville 10 7122 Louisa 10 *12506 Saint Louis. . 10 *13298 New Bern 5 *7497 Lawrenceburg . • . 5 13162 Joplin 50 NEW YORK 8229 Central City .. • 20 99 Moravia 10 NORTH DAKOTA *8943 Clay 20 MONTANA 273 Oxford 5 5488 Harvey 10 9098 Clinton 10 9520 Valier 10 334 Freenport . . . . 10 7116 Bowbells 20 11982 Grayson 10 10803 Geraldine 10 468 Newburgh . .. . 20 *8029 Kramer 0 13023 Paintsville 5 11101 Circle 5 653 Yonkers 5 8991 Hettinger 20 706 Amenia 20 9689 Plaza 20 LOUISIANA NEBRASKA 737 Warsaw 10 10741 Hebron 20 4524 New Iberia. .. 10 5384 Fullerton 10 752 Red Hook . 10 *10966 Van Hook . . . . 20 13732 Gretna 10 6378 Valentine 20 940 Troy 10 12502 Taylor 5 13737 Baton Rouge. . .5 10025 Belden 20 *954 Ballaston Spa . . 20 13324 Valley City. . . . 20 13333 Lincoln 50 963 Troy 5 MARYLAND 13435 Ashland 50 980 Glens Falls 5 OHIO *3585 Ellicott City . . . 10 13568 Neligh 20 1136 Cherry Valley . . 10 *90 Upper Sandusky. 10 7859 Hancock 10 *1349 Chester 20 419 Galion 10 NEVADA 1350 Auburn 20 *975 Ashtabula . . .5, 10 MASSACHUSETTS 3575 Winnemucca . . . .5 1399 Goshen 10 1064 London 10 190 Westfield 5 *1408 Goshen 10 *1903 Jackson. . . . 10, 20 393 Amherst 10 NEW HAMPSHIRE 1561 Ithaca 510 *2034 Garrettsville . . . 20 517 Quincy 50 574 Manchester. . . . 20 2320 Boonville 20 2036 McArthur . . . . 20 616 Peabody 10 964 Keene 10 2426 Lowville 50 *2302 Bellevue 10 996 Plymouth . 20 1059 Manchester. . . . 20 *2996 Owego 10 2817 Circleville . . . . 20 2108 Watertown . 10 1242 East Jaffey. . . . 20 *3174 Plattsburg . .. . 20 3315 Tiffin 5 2275 Milford 5 11893 Rochester . .. . 10 3672 Carthage 20 4164 Marietta 20 2618 Hudson 10 13247 Wilton 20 4988 Wellsville 20 4336 Ironton 20 *3598 Newton 10 *5196 Wayland 10 4884 Girard 20 4703 Holyoke 20 NEW JERSEY 5360 Skaneateles . . . 20 *5341 Montpelier. .10, 20 11103 Winchester 5 1222 Burlington . . . . 55 *6094 Carthage 10 *5370 Mantua 20 1272 Lambertville .. . 20 *6587 Huntington . . . 10 5618 Dillonvale . . . . 10 MICHIGAN 1326 Salem 20 7612 Troy 20 *5862 Paulding . . .10, 20 600 Three Rivers. . . 20 1452 Newark 50 7703 Freeport 20 6227 Port Clinton . . . 20 1521 Paw Paw 20 2339 Lambertville .. . 20 8297 Hudson Falls. . . 20 6843 Dennison 20 1821 Cassopolis . . . . 20 2509 Toms River .. . 50 *8833 Lindenhurst .. . 10 6938 Hopedale. . . .5, 20 9218 Rochester . . . . 20 *4182 Freehold 10 *8873 Amityville . . . . 10 7035 Plymouth . . . . 20 5215 Perth Amboy .. 20 *9187 Mineola 5 7670 Wooster 5 MINNESOTA 5260 Rahway 10 9305 Gloversville . . . 20 7781 Portsmouth . .5 5383 Heron Lake .. . 20 5363 Belmar 20 *9669 Bridgehampton . 5, 7851 New Bremen. 10 5894 Thief River Falls 10 5621 Blairstown . . . . 10 10 *9518 Seven Mile . . 20 6331 Welcome 10 6278 Wildwood . . . . 10 10185 Southampton . . . 5 9536 Kingston 20 9464 Sandstone . . . . 10 6508 Pleasantville . . . 10 10781 Red Creek .. . . 20 9547 Lancaster 20 10710 Baudette 20 8394 Closter 5 *10943 Brasher Falls.. . 10 *12332 Youngstown. .5 Whole No. 71 Page 283 13150 Jewett 5 13490 Washington Court House 20 *13569 Chardon 5 *14232 Painesville .. .5, 10 OKLAHOMA 5546 Pryor Creek . 20 9011 Newkirk 10 OREGON 2630 Pendleton . . • • 20 3441 The Dalles .. • • 20 4301 Corvallis 10 *6768 Baker 20 8574 Tillamook 5 9917 Hillsboro 20 WASHINGTON 2772 Dayton 10 5472 Montesano. . . 10 6013 Vancouver . . . 20 6074 Port Angeles . . 20 7372 Bellingham 5 *8481 Sunnyside . . . . 10 9129 Wapato 20 *12114 Enumclaw 20 12292 Tacoma 10 12392 Longview 5 Northumberland .5 Millerstown . . . 10 Swartmore . . 10 Freeport 10 Zelienople . 10 McKeesport . . 10 Pen Argyl . . . 20 Trevorton . . . 20 Fairchance . . . 20 Midland 10 E. Mauch Chunk . 5 Smethport . . 10 Downingtown . 20 .10, 20 20 .5 .10 . . $20 20 20 10 20 WEST VIRGINIA 5701 Point Pleasant . $5 7998 Hinton 5 9462 Fainmont 5 10480 Albright 10 13634 Weston 5 TENNESSEE 150 Nashville 5 *2114 Fayetteville . 10, 20 *2221 McMinnville . 10, 20 2796 Bristol 20 3530 Shelbyville . . . 20 3660 So. Pittsburgh . 20 4020 Tullahoma . .10, 20 TEXAS 2940 Decatur $10 3027 Taylor 50 *3694 Palestine 5 *4077 Longview. . .10, 20 *4708 Denton 10 5276 Colorado 20 6140 Masquite 5 7422 Breckenridge. . . 10 7694 Atlanta 20 8542 Paris 20 *10956 Schwertner. . . 20 *12728 Denison 5 *12867 Anna 10 13107 Cleburne 20 WISCONSIN 4312 Rhinelander . . . 20 4912 Stevens Point . . .5 5469 Shawano 10 12286 Marion 10 *14200 Neillsville 10 VERMONT 228 Orwell 20 278 Brandon 20 1985 Danville 20 8722 Hot Springs . . 10 10061 Rural Retreat . . 10 WYOMING 10844 Lovell 50 7005 *7146 7193 7366 7409 7559 7710 *7722 *8245 *8311 8446 *8591 8646 *8653 8656 8778 8855 9202 9257 9318 9340 9402 9430 *9505 10353 11015 *11227 *11407 11757 11834 *12159 12261 12380 *12911 12921 13026 13030 13618 13701 13803 13866 *13998 14133 14170 14214 14219 Selinsgrove Ashley Duncan non Homer City Riegelsville Telford Cressona Moscow Bally Cambridge . . . 10 Ulster 10 New Florence . 20 New Hope . . 10 Hastings . . . 10, 20 Davidsville . . . 20 Bakerton 10 Volant 10 Nescopeck . . . 20 State College. . 10 Camp Hill 5 Newfoundland. . 5 Kingston 5 Hatfield 10 Elkins Park Mansfield Pittsburgh Sharon Braddock Clearfield. 5 10 5 10 20 5, 10, 20 Latrobe 5, 20 Bangor 10 Green Lane . . 20 Erie 20 The author gratefully acknowledges the co-operation of Society members actively participating in this current listing as part of the extended study, they are: Beau ford Coin Club, Frank Bennett, The Brandywine Co., David Bundy, Irving Carol, Charles G. Colver, Louis F. Davis, Jr., Charles A. Dean, William P. Donlon, Don Fisher, Mike Follett, Jack Goldberg, Anbrey T. Haddock, John Hickman, James J. Haskovec, Lowell Horwedel, Peter Huntoon, Curt Iverson, Glen Jorde, Don C. Kelly, William Kleinschmidt, Arthur Leister, Gary Lonnon, Barry Martin, Tom Mason, Dean Oakes, Vernon Oswald, Jess Peters, Paul Popovich, Gary W. Potter, William Raymond, Milton Sloan, Gerald C. Schwartz, Stephen Tebo, Louis Van Belkurn, Terry P. Vavra, S.K. Whitfield, E.H. Williams, Steve Williams and Dr. Alan York,Jr. RHODE ISLAND 1007 Providence . . 20, 50 1150 Ashaway 20 1492 Newport 10 13981 Providence 5 PENNSYLVANIA 39 Towanda 10 326 Mechanicsburg. 20 459 Bellefonte . .. 10 573 Doylestown .. 10 *664 Carbondale. . 10 694 York 5 879 Titusville 5 1053 Susquehanna. . . 20 1233 Easton 10 *2253 Hatsboro 10 *2609 Saltsburg 10 3980 Mount Cannel .5 4156 Middleburg. .. 10 4355 Tyrone 5 4513 Bangor 20 4543 Bloomsburg . 10 4548 Catawissa 20 4570 Canonsburg .. 10 4877 Verona 20 4913 New Kensington 20 5038 Tionesta 50 5040 Tionesta 20 *5118 Easton 50 5240 Oil City 5 5255 Irwin 20 *5496 Milford 5 5501 Grove City . . . 20 5502 Leechburg . . . 20 5518 Forest City. .. . 20 5563 Elizabethville . 10 5599 Mars 20 *5684 Sayre 20 *5744 Latrobe 20 *5768 Cresson 20 5777 Beaver Springs. 20 6037 Denver 20 6106 Salisbury 20 6114 Point Marion. . 10 6117 Tower City. . . 10 *6220 Everett 10 *6438 Tunkhannock . 20 *6581 Pleasant Unity. 10 *6794 Clairton 10 6874 Holidaysburg 10 *6997 Montoursville . 20 7003 Swineford . . . 20 SOUTH CAROLINA 4996 Spartanburg . . . 20 7027 Greenwood . . . 10 10655 Gaffney 5 SOUTH DAKOTA 6256 Redfield 20 6294 White 20 7885 Groton 20 9693 Dell Rapids .. 10 F 14 720 001 D F 23 680 000 D G 37 760 001 D G 43 520 000 D L 63 360 001 D L 73 600 000 D TEN DOLLARS B 33 280 001 I B 49 280 000 I F 98 560 001 B F 99 840 000 B F 00 000 001 C F 00 640 000 C G 87 680 001 D G 92 160 000 D I 51 200 001 A 1 58 240 000 A L 16 000 001 C L 21 120 000 C TWENTY DOLLARS A 85 760 001 A A 96 000 000 A D 72 960 001 C D 80 000 000 C F 49 280 001 B F 49 920 000 B K 17 920 001 B K 20 480 000 B L 54 400 001 D L 65 920 000 D L 12 172 001 * L 12 800 000 * 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 8,960,000 5,760,000 10,240,000 16,000,000 1,280,000 640,000 4,480,000 7,040,000 5,120,000 10,240,000 7,040,000 640,000 2,560,000 11,520,000 256,000 # PRINTED DURING JULY 1977 QUANTITY 10,880 000 10,240,000 40,960,000 8,320,000 16,640,000 10,240,000 256,000 7,680,000 3,200,000 23,680,000 16,000,000 SERIES 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 FROM TO ONE DOLLAR A 32 640 001 C A 43 520 000 C B 76 800 001 G B 87 040 000 G E 58 880 001 F E 99 840 000 F E 00 000 001 G E 08 320 000 G F 37 120 001 F F 53 760 000 F G 32 000 001E G 42 240 000E G 04 492 001 * G 05 120 000 * H 58 240 061 C H 65 920 000 C I 15 360 001 B 1 18 560 000 B K 00 640 001 D K 24 320 000 D L 75 520 001 G L 91 520 000 G FIVE DOLLARS A 81 280 001 B A 88 960 000 B F 23 680 001 D F 28 160 000 D G 43 520 001 D G 49 920 000 D L 73 600 001 D L 88 320 000 D L 14 736 001 * L 15 360 000 * L 15 364 001 * L 16 000 000 TEN DOLLARS G 92 160 001 D G 99 840 000 D G 00 000 001 E G 04 480 000 E G 14 080 001 * G 14 720 000 * K 12 800 001 B K 16 000 000 B L 21 120 001 C L 35 200 000 C TWENTY DOLLARS E 40 320 001 D E 44 160 000 D E 08 976 001 * E 09 600 000 * G 70 400 001E G 79 360 000 E J 40 960 001 B J 46 080 000 B 7,680,000 4,480,000 6,400,000 14,720,000 128,000 # 512,000 # 7,680,000 4,480,000 640,000 3,200,000 14,080,000 3,840,000 128,000 8,960,000 5,120,000 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 Page 284 Paper Money 1. RP:ALOF KNG COPE PRODUCTION AVING PRINTING FEDERAL RESERVE NOTES PRINTED DURING MAY 1977 SERIES FROM A 19 840 001 C B 11 520 001 G B 39 680 001 G C 69 760 001 C E 49 280 001 F F 00 640 001 F G 10 880 001 E 1 05 760 001 B J 58 880 001 B L 03 200 001 G FIVE DOLLARS A 81 280 000 B 8,320,000 B 55 040 000 F 11,520,000 B 59 520 000 F 4,480,000 D 08 320 000 C 8,320,000 E 24 320 000 D 7,040,000 G 37 760 000 D 6,400,00 TEN DOLLARS 1974 B 21 760 001 I B 33 280 000 I 11,520,000 1974 F 96 640 001 B F 98 560 000 B 1,920,000 1974 J 83 200 001 A J 85 760 000 A 2,560,000 TWENTY DOLLARS C 20 480 000 B 4,480,000 E 40 320 000 D 5,760,000 J 35 840 000 B 5,120,000 J 40 960 000 B 5,120,000 L 54 400 000 D 8,960,000 ONE HUNDRED DOLLARS 1974 J 08 960 001 A J 09 600 000 A 640,000 PRINTED DURING JUNE 1977 SERIES FROM TO QUANTITY ONE DOLLAR 1974 B 52 480 001 G B 76 800 000 G 24,320,000 1974 C 81 280 001 C C 90 880 000 C 9,600,000 1974 D 17 920 001 C D 26 880 000 C 8,960,000 1974 F 21 120 001 F F 37 120 000 F 16,000,000 1974 H 49 920 001 C H 58 240 000 C 8,320,000 1974 J 68 480 001 B J 82 560 000 B 14,080,000 1974 K 90 880 001 C K 99 840 000 C 8,960,000 1974 K 00 000 001 D K 00 640 000 D 640,000 1974 L 20 480 001 G L 75 520 000 G 55,040,000 1974 F 04 000 001 * F 04 480 000 * 480,000 1974 B 05 776 001 * B 06 400 000 * 128,000 1974 B 06 416 001 * B 07 040 000 * 128,000 1974 F 04 496 001 * F 05 120 000 * 128,000 1974 F 05 136 001 * F 05 760 000 * 128,000 FIVE DOLLARS 1974 B 59 520 001 F B 68 480 000 F 1974 E 24 320 001 D E 30 720 000 D 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 A 72 960 001 B B 43 520 001 F B 55 040 001 F D 00 000 001 C E 17 280 001 D G 31 350 001 D TO QUANTITY ONE DOLLAR A 32 640 000 C 12,800,000 B 39 680 000 G 28,160,000 B 52 480 000 G 12,800,000 C 81 280 000 C 11,520,000 E 58 880 000 F 9,600,000 F 21 120 000 F 20,480,000 G 32 000 000 E 21,120,000 I 15 360 000 B 9,600,000 J 68 480 000 B 9,600,000 L 20 480 000 G 17,280,000 1974 C 16 000 001 B 1974 E 34 560 001 D 1974 J 30 720 001 B 1974 J 35 840 001 B 1974 L 45 440 001 D 8,960,000 ONE HUNDRED DOLLARS 6,40 ,0 0 1974 L 40 320 001 A L 41 600 000 A 1,280,000 # Indicates Printing Other Than COPE /1 A star note is used for the 100,000,000th note in a series ## Indicates Correction to Previous Report since the numbering machines provide for only eight digits. Whole No. 71 Page 285 FRACTIONAL CURRENCY FOR SALE NEW LARGER LIST NOW AVAILABLE WANTED Any and all Fractional or related material (books, Spinner items, etc.). Sell to a specialist for the best possible offer. A.N.A. SPMC LEN AND JEAN GLAZER P. O. BOX 111 FOREST HILLS, NEW YORK 11375 Page 286 Paper Money INDISCRIMINATE FACE AND BACK PRINTING OF LEGAL TENDER NOTES by Gene Hessler NLG In October, 1863, when the Civil War was at mid-point, the National and American Bank Note Companies were printing legal tender notes at a rapid pace, perhaps even in anticipation, to keep up with the orders from the Treasury Department. After receiving a report dated October 3, 1863, from Chief of the National Currency Bureau S.M. Clark, Secretary of the Treasury Salmon P. Chase wrote to both bank note companies on October 5, chastising them for printing notes which had not yet been authorized. There could have been a misunderstanding which was redressed in correspondence that has since been lost. I base this assumption on Clark's closing remark in his report, that an additional amount of $12,570,480 "could be issued." This statement suggests that this additional amount could be issued without exceeding the amount authorized by law, which Secretary Chase reprimands both bank note companies about his his letters. S.M. Clark's report to Chase was a statement of aggregate impressions and amounts of legal tender notes (on hand) at the American and National Bank Note Companies, as follows: National Bank Note Co. Denominations Impressions No. of Notes Amount i s 290,426 1,161,704 1,161,704 2 s 262,037 1,048,148 2,096,296 5 s 230,471 921,884 4,609,420 lO s 208,716 834,864 8,348,640 20 s 51,266 205,064 4,101,280 SO S 17,626 70,504 3,525,200 100 s 7,360 29,440 2,944,000 500 s 3,207 12,828 6,414,000 1000 s 4,476 17,904 17,904,000 851,104,540 Additional "Could Be Issued" AMERICAN BANK NOTE CO. los 2,000,000 20s 4 101,280 50s 3,525,200 loos 2 944,000 $12,570,480 Both letters to the two bank note companies, written by Secretary Chase were dated October 5, 1863, and were substantially the same. To Mr. F. Shepherd, President of the National Bank Note Company: "I am in receipt of yours of the 2nd inst. with 'a statement of the unfinished impressions of U.S. Notes on hand' amounting in the aggregate to $16,914,136. No record appears to exist in this Department or any order for these Notes, and I do not understand why they have been prepared, when their issue would exceed the amount authorized by law. I will thank you to advise me, (if they were prepared under authority,) of the date of that authority. Meanwhile you may immediately complete all the 50 5 and 100 5 which are partly preapred viz. 17,626 Imps. of 505 and 7360 Imps. of 100 5 . You will also finish immediately the remainder of the 31st series and the whole of the 32nd series of 10 5 , being 26000 Impressions." To Mr. G.W. Hatch, President of .the American Bank Note Company: "I am in receipt of yours of the 2nd inst. with 'a statement of the unfinished impressions of U.S. Notes on hand' amounting in the aggregate to $34,190,404." The second paragraph of this letter is exactly the same as the letter above. Secretary Chase completes the letter with this last statement. "Meanwhile you may immediately complete all the unfinished Impressions of 205 viz: 51,266 Impressions amounting to $4,101,280." You will notice that the two figures mentioned in the letters, $16,914,136 and $34,190,404 equal the total of aggregate impressions (on hand) at both companies which include those denominations Secretary Chase said may be immediately completed. I was able to ascertain that the remaining $10 notes mentioned in the letter to the National Bank Note Company were delivered to the Bureau on the following dates: Series 31, October 20 and Series 32, October 21, 1863. Before moving to another written communique, it is interesting to note that on Jan. 3, 1864, $449,338,902 in legal tender notes was outstanding. This figure was just short of the total amount of $450,000,000 which had been authorized by the acts of February 25 and June 11, 1862 and March 3, 1863. Six months after the largest amount of legal tender notes was outstanding as mentioned above, a report which at first may seem to have no relationship whatsoever to what has been written thus far was written by S.M. Clark. In this report to Treasurer F. E. Spinner, Clark refers to one Mr. ..r1v4,1w:* Whole No. 71 Bliss who upon receiving a $1 legal tender note with a blank back and a missing seal, inquired of the National Currency Chief, how this oddity had occurred. Here is Mr. Clark's report: "This note ($1) has been subjected to all the chemical tests known to experts and they fail to produce any evidence that the fibre of the paper on the back has ever been impregnated with any color, and the same result was reached in searching for any trace of color where the seal should be. It is, of course impossible to prove that the back has not been printed, but the inference from the experiments, and the belief of experts is, that it has not been printed. The assertion of Mr. Bliss that the Backs of Notes are printed first is not true in all cases. There is a file in this office, a statement by the National Bank Note Company of the number of unfinished impressions of $2 s on hand 31 October 1863 as follows: 8000 Imp(ressions) of tints; 231237 Imp(ressions) of Backs; 22800 Imp(ressions) of Faces; showing that they had printed indiscriminately Backs or Faces first." The three figures for tints, backs and face's totals 262,037, the precise figure for $2 notes on the list of October 3. It would therefore be reasonable to assume that if one denomination were "indiscriminately" printed by the Page 287 National Bank Note Company, other denominations were printed the same way. One can see how a note, incompletely printed, might go undetected. To the best of my knowledge, no 1862 legal tender notes with blank backs of any denomination have been recorded. One would assume that if any such notes were delivered to a bank, and noticed, they would have been returned to the Treasury. If a note with incomplete printing had been handed to a bank customer, it most certainly would have been handed back, if noticed, as a suspected counterfeit. Error collectors were not born yet. With the quantity of paper money the Bureau of Engraving and Printing produces today, can you imagine how many more error notes we might find if faces and backs were printed indiscriminately? A variety of errors do escape from the Bureau today, even though personnel are trained and machines programmed to stop imperfect notes from continuing on through the printing and bundling process. But, no machine nor person is perfect. I do wonder, however, how many error and incomplete notes (from those printed in 1863 by the two companies) did enter circulation, if both companies followed the system of indiscriminate face and back printing, as acknowledged by the National Bank Note Company. Auction fiction:: MARGINAL NOTE The top note from the first sheet of $5 Brown Back Nationals issued by The Sullivan County N.B. of Liberty (N.Y.)—with the top of the sheet intact just as it was cut by the bankers—sold for $1,015 in the Hickman & Oakes mail sale of National Currency. Besides being a serial number 1 note, the Fed signatures on the piece were the very rare Rosecrans-Morgan. BURIED TREASURE According to the last Hickman & Oakes mail sale catalog, a 1902 $5 offered in the auction from The First N.B. of Flagstaff (Ariz.) was found buried in a can in a grubstake at Snowflake, Ariz. Just barely making a grade of good, and estimated at $175, the top bid for the piece was $253. GOOD NOTE, GREAT NAME Although grading only good, a 1902 $10 National Bank Note from New Jersey's The Peapack-Gladstone N.B. sold for $172.70 against a $100 estimate in the Hickman & Oakes mail sale. In 1900, the first year of production for the 1899 Series $2 Silver Certificate, America's population was still predominantly rural. A total of 538,733,988 Series 1899 deuces were printed; and, appropriately, "agriculture" was represented allegorically in the vignette, balanced by "mechanics" the titan responsible for her metamorphosis. By 1926, the last year of production for the note, agriculture and rural life were taking the back seat to manufacturing and urban life. The American historian Richard Hofstadter stated that "The United States was born in the country and has moved to the city." However, the move was not an overnight phenomenon, nor was it a simple task. Beginning in the 1840s (and continuing to the present day) there was a faster rate of growth of the city population compared to the rural. Of course many factors were responsible to make this possible—and a key element in our history was the mechanization of agriculture. To feed sprawling urban populations, agriculture had to shed her cloak of self-sufficient, yeoman farmers, and attire herself with commercial farmers who were eager to deal with a consumer-minded, industrial world. Of course commercial farming had existed since colonial days, but this was on a small scale. Commercial agriculture made great strides from 1815 to 1860 —in fact it was during these decades that American agriculture went through her metamorphosis. The application of mechanics to manufactuirng, the land, and to farm implements, converted the yeoman into a small entrepreneur. American industry created a large home-market for agriculture; and a system of canals, turnpikes, and railroads were constructed to connect the agricultural areas with the cities. The evolution of industry and engineering ran parallel with that of agriculture. As of the 17th Century, farming implements had not changed much since the time of ancient Rome, but by the late 18th Century, people began to experiment in the improvement of implements such as the plow. Beginning in 1800 America became the world's leader in the development and improvement of farm implements and machinery. While Thomas Jefferson was advocating better plowing of the soil, Daniel Webster (who had to contend with rocky New England soil) invented a massive plow which was pulled by six pairs of oxen, and not only cultivated the soil, but uprooted trees and moved rocks and stones of almost any size. In 1814 Jethro Wood patented a plow in which the wooden share was covered with several segments of iron, any of which could be easily replaced if broken by stones. Once farming moved out onto the prairies better plows were needed. Hence, steel plows with efficient moldboards were invented, beginning in 1833 by John Lane of New York, John Deere of Illinois, and James Oliver of Indiana. After decades of refinements the soil-breaking plow became standardized by 1870, and was only improved at a later date by adding attachments such as rolling coulters for turning under heavy vegetation. During the 1830s and 1840s the reaper was being developed by Cyrus Hall McCormick and Obed Hussey, and in the 1850s McCormick's patented reaper became popular. Other inventions of staggering importance were the Eli Whitney cotton gin, and the Appleby twine self-binder which did the labor of eight workers. The strides made in the mechanization of agriculture resulted in an immense saving of labor, not to mention the tremendous increase in output per acre, and the quantum leaps in the size of a farm which a sole farmer and family could manage. Before mechanization, 61 hours of labor were required to grow one acre of wheat. By 1890, the number of hours had dropped to three. A pre- mechanized wheat farmer was limited to planting not more than seven and one-half acres because that was all that could be reaped in a limited harvesting season. However, the mechanized farmer in 1890 could plant and harvest 135 acres. Mechanization made it possible for agriculture to boom. Between 1850 and 1900, although the acreage under cultivation nearly tripled, wheat production rose by 600 per cent, corn nearly 500 per cent, and American Historical Vignettes By John R. Isted Page 288 Paper Money ssa r ia'El4e.tari „,ro , - Whole No. 71 Page 289 cotton by more than 400 per cent. Along the way, though, boom was accompanied by bust. As mechanical agriculture was booming during the latter half of the 19th Century, many people looked to it for a quick fortune. Thus, a boom prompted by soaring prices of produce, ignited a feverish grab for land during the 1880s. Artificial inflation reached its peak in 1885, and the boom which caused thousands of people to rush into the plains states busted in the winter of 1887-8. A Kansas state official remarked, in retrospect, that "Most of us crossed the Mississippi or Missouri with no money but with a vast wealth of hope and courage... Haste to get rich has made us borrowers, and the borrower has made booms, and booms made men wild, and Kansas became a vast insane asylum covering 80,000 square miles." Although prosperity fluctuated for the individual farmer as boom and bust came and left, agriculture remained throughout a virtual resource for the United States. For decades after the Civil War agriculture maintained the country's international balance of payments. A substantial portion of the cotton, meat, and grain produced was exported to Europe, thereby enabling the United States to pay the interest on the borrowed European money invested in American railroads and factories. Farm labor thus enabled American industry to rapidly expand. During this period of rapid expansion which was very lucrative for the U.S. Treasury and the American industries, economic hard times were befalling the farmers. Unlike the owners of industry and the railroads, the farmers were unable to form combinations to control the market and stabilize prices. Instead they had to sell under strictly "laissez-faire" conditions. When this factor is combined with the tremendous growth and production in newly developing farm lands in such countries as Canada and Argentina, the result was a steady decline in prices paid the farmer for agricultural products in the last two decades of the 19th Century. Between 1878 and 1881, wheat averaged over $1 per bushel, but during the depression of the 1890s it sold for 63 cents. Therefore, the farmer had to grown and sell twice as much in the 1890s as was grown and sold ten years earlier. And the problem was compounded by a severe drought which struck the Middle Border states (Kansas, Nebraska, Minnesota, and the Dakotas) from 1887 to 1897, hampering the ability to grow crops. all of this, however, could have been absorbed a bit easier if only the cost of farming would have decreased proportionately. But this was not the case; when decreases did occur they were only slight. Perhaps the only thing that the farmer could be thankful for was the ever-rising value of land. As a result of the westward movement of industry, the subsequent rise of towns, and the activities of speculators, land prices often tripled in two of three years. The only economic salvation for many farmers of the Middle Border states was to sell. In fact it has been argued that the rise of land values was the only factor that saved the farm belt from total bankruptcy. As conditions worsened for the farmers during the last two decades of the 19th Century, they looked about America for the cause. To the east they saw much of their profits siphoned-off by the financiers; in the towns and cities they saw people with modern comforts and luxuries enjoying the agricultural products of their labor; and contrary to their belief that "so goes the farmer goes the country," they saw America steadily Page 290 gaining in strength. And yet for all their labor they were declining in economic strength, and rapidly losing their status as "the backbone of America." To meet the crisis farmer organizations were founded across the country. In the Middle Border states, for example, the National Farmers Alliance (popularly known as the Northern Alliance) was founded in 1880, and grew by leaps-and-bounds after 1887. The Alliance demanded major changes in the economic and political structures of the country. Dynamic orators who spoke for the Alliance were the former Greenback leader James B. Weaver, Ignatius Donnelly, William A. Peffer, "Sockless" Jerry Simpson, and Mary Elizabeth Lease who told the farmers to "raise less corn and more hell!" The members of the farmers' organizations became convinced that the fall in agricultural prices was the result of the policy of deflation adopted by the federal government following the Civil War. Even the Bland-Allison Act of 1878, which authorized the U.S. Treasury to purchase silver, had little effect on the deflation, they concluded. The rapid growth of business added fuel to the deflation due to the failure of the government to increase the amount of dollars in circulation. In 1875 the government passed the Specie Resumption Act (to take effect in 1879) which reduced the quantity of greenbacks in circulation from $382 million to $300 million, and authorized them to be redeemable in gold. This had the effect of raising the value of money and further deflating prices paid for agricultural products. The shortage of money was also due to the sharp decrease in the circulation of National Bank Notes. The National Banking Act of 1863 limited the quantity of National Bank Notes to the amount of government bonds held inthe Treasury, and during the deflation the Treasury had paid-off 60% of the national debt, thus bringing about a sharp shrinkage of the National Bank Notes in circulation. The shortage of money and deflated prices were taking their toll of debtors (the farmers) while the federal government and industry prospered. The political efforts of the Northern Alliance culminated in a small victory with Congressional seats being taken by farmers in the Middle Border states in the election of 1890. On July 4, 1892, at Omaha, Nebraska, the People's Party (an agrarian political party that became known as the Populist Party) met for its first national convention. They took to the political warpath espousing a number of remedies for their plight and at the heart of their program was the reform of the currency. They observed that not only was cash becoming scarce, but most of it that did circulate had the tendency to concentrate in the east. Therefore, the Populists campaigned for the federal government to either increase the quantity of paper money in circulation, or allow unrestricted coinage of silver at the old ratio of sixteen to one. The campaign for the issuance of more paper money gained little support mainly due to the propaganda campaign waged by the silver at the old ratio of sixteen to one. The campaign for the issuance of more paper money gained little support Paper Money mainly due to the propaganda campaign waged by the silver-miners whose weight was thrown behind the unrestricted coinage of silver. The Populists had little luck in the election of 1892—although the Populist candidate for the Presidency, Janes B. Weaver, polled over a million popular votes and 22 electoral college votes, it was not enough to overcome the Democrats and Grover Cleveland. During Cleveland's administration the depression of the 1890s deepened—a fact which lead the farmers to believe that Cleveland was part of an alleged international conspiracy of bankers which ruled the world by the maintainance of the gold standard. Therefore as the election of 1896 approached, the Populists readied themselves for a tooth-and-nail fight. The Populists backed the Democratic party's William Jennings Bryan as their candidate for President, and he ran his campaign on the platform of free and unlimited coinage of silver. Thus the silver question and its economic ideology became the all- encompassing issue in the election of 1896. Unfortunately for the farmers, Bryan lost to the champion of big business, Republican William McKinley was inaugurated the depression was ending, and the Republican party could claim that it was the party of prosperity. Fortunately for the farmers of the currency question was settled by the Gold Standard Act of 1900, which was instigated by the discovery of gold in the Klondike and South Africa, and produced the currency inflation which was so desperately desired by the farmers of America. RARITY GUARANTEED When the firm of Hickman & Oakes describes a National as "the rarest note we've ever owned that can be documented," it must be a dandy. In the firm's recent mail bid sale, this description was given to a $10 Brown Back on The Topton (Penna.) N.B. According to the sellers, the total unredeemed circulation of that bank's National currency as of 1916 was $80. "We will refund 50% of the price realized to the buyer if another note of this bank can be authenticated," MO promised. A collector of true Pennsylvania rarities paid $489.50 for the note. Whole No. 71 MOS Gee die j-e_7tr Afrit eilleney Yiteciah44 KAGIN'S NUMISMATIC AUCTIONS, Inc. * We've handled OVER 99`, of all the notes listed in the DONLON & FRIEDBERG catalogs * A.M. KAGIN has personally cataloged over 300 auction sales in over 4o years as a professional ! KAGIN'S NUMISMATIC INVESTMENT CORP. * Specializes in PERSONALLY TAILORED Currency Investment Programs featuring CHOICE & SUPERB NOTES ONLY! ( write for more information) A. M. & DON KAGIN, Inc. * Editors & Pulishers of the DONLON CATALOG of U.S. LARGE SIZE PAPER MONEY NEW 1976-77 Edition (more price changes then any previous edition )—Only $3.95 1975 Edition $3.50 ; Both 1976-77 & 1975 (excel] ent for price comparisons) only $5.95 At coin stores or order Autographed Copies direct from us. Special Autographed Library Hard-Bound 1976-77 Edition $8.95; 1 975 $7.5 0 ; both only $ 1 4.95 THINKING OF SELLING? We urge you to consider placing your items in one of our comprehensive Public or Mail-bid auctions you'll receive: * National Attention * Reasonable Commission Rates * Deluxe Professional Cataloging * Best opportunity for TOP prices SEND A LIST OF YOUR COLLECTION & RESERVE SPACE NOW (still better, phone for immediate attention) Or, if preferred, we will buy outright fur cash—we are currently paying over "catalog prices" for notes urgently needed. STILL ADDING TO YOUR COLLECTION? * Write for a free copy of our next auction sale (please mention this ad) * Send us your want-list High Quality & Rare Notes & Nationals our specialty * Join our CURRENCY INVESTMENT PROGRAM get on the "inside track" with professional guidance Make ) Since 1928 When dealing in a sophisticated field, consult a professional When TOP results are imperative, consult an EXPERT! KAGIN'S Suite 600-608 Capital City Bank Bldg. Des Moines, Iowa 50309 Phone: (515) 243-0129 Page 291 '14't-ta tact, NITEDSTATESOFAMERICA C 1 .1.11$,J Page 292 Paper Money HICKMAN and OAKES NATIONAL BANK NOTE SEALED BID MAIL AUCTION FEATURING: * #1 NATIONAL BANK NOTES * $100, First Charter, Original series From 1st, 2nd, 3rd Charter Periods * Large selection of 1929's uncirculated Including a # lazy deuce. * Notes from all 50 states. Catalogs to be mailed first week of October Sale closes End of October SO ACT NOW FIRST CLASS MAILING $2. OTHER $1 Price includes prices realized list. HICKMAN and OAKES DRAWER 1456 IOWA CITY, IA 52240 A tough 1929 Rhode Island "country" national bank note Photo by John Carter Brown Library, courtesy R.I. Historical Society. Most paper money collectors eventually develop an interest in the bank note issues of their home town, state or area, and so it was only natural that I would develop an interest in the obsolete and National Bank Notes of Rhode Island, where I was born and raised. Outrageous prices soon caused me to give up the idea of collecting such notes; however, I found that I could still afford to collect "infOrmation" on the banks and their note issues. Certain standard references like Louis Van Belkum's work on national banks, Robert Friedberg's book on large size paper money and the Huntoon, Van Belkum and Warns book on the 1929 National Bank Notes provided much by S.K. Whitfield information to start with. Trips to "antique" and junk shops turned up history books, some specific bank histories and several works on banking in general. Correspondence with other collectors and the examination of several prominent collections paid off with additional data. During all this time, careful records were maintained on all Rhode Island notes appearing at auction or advertised for sale. After several years I had collected a large amount of data on the banks and notes of Providence, but very little information on the rest of the banks in the state. By subdividing the state into two categories of "Providence" banks and "country" banks, the disparity in data quantity was neatly solved. The Providence information was compiled and originally appeared in The Bank Note Reporter in October, 1974. That article resulted in several requests from collectors for information on the remaining banks in the state. In the meanwhile, several previously unreported notes from Providence had surfaced. Therefore, in order to share the limited "country" bank information and at the same time to make the Rhode Island report as complete as possible, an updated listing of reported Providence notes is included herein. In the accompanying charts all the notes isseud by Rhode Island banks are listed. The reported surviving notes are underlined in the charts. Readers interested in more information on the Providence banks are referred to the article in The Bank Note Reporter as mentioned above. When the National Banking Act was passed in 1863, most established banks were reluctant to embrace its provisions, but rather continued to function as state banks. After the major objections of the bankers were removed and a little coercion was added in the amended legislation of 1864 and the tax provisions of 1865, the Rhode Island banks that would become national banks did so quickly. Between December 30, 1864 and December 9, 1865, 37 of the 38 Rhode Island "country" banks that would take national charters did so. The only bank that converted after 1865 was the Union Bank of Newport, which finally took a charter on August 12, 1881. Thirty-six of these banks had a state bank predecessor and seven of them could trace their origins to the period between 1795 and 1805. They all issued state or obsolete bank notes with the exception of The First National Bank of Warren and The First National Bank of Hopkinton, both of which originally organized as national banks. Only two ORIGINAL TITLE DATE 1. NO PREDECESSOR N/A 2. NIANTIC BANK 1854 1818 (1822) N/A 4. ,SLATER BANK 1855 5. WASHINGTON BANK 1800 7. HOPE BANK 1822 8. TRADERS BANK 1836 9. BURRILLVILLE AG 6 MEOWS (VILLAGE BK, SMITHFIELD) 10. NO PREDECESSOR 1131813. LANDHOLDERS BANK (SOUTH KINGSTON) 185014. COVENTRY BANK (ANTHONY VILLAGE) 185431. AOUIDNECK BANK 3. PEOPLES BANK OF NO. PROS. 1846 6. CITIZENS BANK (CUMBERLAND) 1851 11. WOONSOCKET FALLS BANK 1828 12. ASHAWAY BANK (HOPKINTON) 1855 15. PHENIX BANK 1818 16. WAKEFIELD BANK 1834 17. CENTREVILLE BANK 1828 18. FREEHAND BANK 1817 19. RAILROAD BANK 1851 20. CUMBERLAND BANK 1823 21. GREENWICH BANK 1856 22. SMITHFIELD UNION RANK (SMITHFIELD) 1805 23. WARREN BANK 1803 24. PRODUCERS BANK 1852 25. PROV. COUNTY BANK (GLOBE BK, SMITHFIELD) 1834 1844) 185626. PHENIX VILLAGE BANK (WARWICK) 27. NEWPORT BANK 1803 182228. SMITHFIELD EXCHANGE BK (SMITHFIELD) 1833 1851) 1795 29. PASCOAG BANK (GRANITE BANK) 30. BANK OF RHODE ISLAND 32. CITIZENS UNION BANK 33. PEOPLES EXCHANGE BANK 34. EAGLE BANK 35. NEWPORT EXCHANGE BANK 36. :TA=TrI.B .WIZORD 37. NEW ENGLAND PACIFIC BK 38. RHODE ISLAND UNION BANK 1804 1833 1853 1817 1834 1805 1818 Paper MoneyPage 294 of Rhode Island's "country" national banks have survived, relatively unchanged, to the present day and one of these, The Newport National Bank, was recently consolidated with another bank. Many of these banks, or their trust company successors, were eventually absorbed by the two largest present day banks in the state; The Industrial National Bank of Providence or The Rhode Island Hospital Trust Company. Only one bank, of the 38, failed and had to be placed in receivership. As expected, most of the information available appears on the larger banks in the bigger cities and towns. Woonsocket as a developing mill town got its first bank in 1805. This was The Smithfield Union Bank established at Union Village. This was also the earliest bank established in northern Rhode Island. Peleg Arnold was first president and Eliah Wilkinson was cashier. The bank moved to the village of Woonsocket in February, 1852, and eventually took a charter as The National Union Bank on July 29, 1865. The Providence County Bank was originally established near Lime Rock in the town of Smithfield. In 1844, the name of the bank was changed to The Globe Bank of Smithfield when the bank relocated to the Globe Mills part of the village. On June 23, 1865, The Globe Bank became The Globe National Bank and in October, 1874, moved into the first building built exclusively as a bank at Woonsocket. The move was marked with tragedy though, since demolition of the old buildings to make room for the new bank had resulted in the deaths of an old man and a young boy when the walls collapsed. The First National Bank of Smithfield, a bank that survived to 1958 and was one of the few to issue the 1929 series of National Bank Notes, was originally established as The Burrillville Agricultural Bank in June, 1815. The bank opened for business in 1818 as The Burrillville Agricultural and Manufacturers Bank and, later in 1822, changed its name to The Village Bank. In May, 1865, it became The First National Bank of Smithfield at Slatersville, a title retained for 93 years before the bank was absorbed by The Industrial National Bank of Providence. The Scituate National Bank was robbed in 1868, which makes it possible for the modern collector to search for "bank robbery loot" from this bank. The bank had originally been established as The Citizens Union Bank in 1832. On the night of March 25, 1868, four burglars got into the bank where they discovered that they could not open the safe. Thereupon they went to the home of the cashier, one Albert Hubbard, who was ill and confined to bed. The robbers forced Hubbard to return to the bank at gunpoint while two of their number remained at his home to guard his wife and son. The crooks made a clean getaway with $8,000 in cash and some valuable papers. A twinge of conscience or a sense of honesty persuaded them to mail the papers to the Providence Register of Deeds although they retained the cash. The bank recovered from the robbery but eventually closed in 1889. The Washington Bank of Westerly, established in 1800, was one of the nation's earliest banks. In 1800, Westerly was no more than a small collection of farmers' and fishermen's houses, however, the optimism of the bank's founders was eventually justified. Mills, shipbuilding, granite quarries and tourism made Westerly a center of RHODE ISLAND'S RHODE ISLAND NATIONAL BANK NOTES ISSUED "COUNTRY" NATIONAL BANKS (Underlined notes indicate survivors) NATIONAL BANK TITLE Ur( OR TOWN CH O CH. DATE FATE OF BANK FIRST CHARTER SECOND CHARTER THIRD CHARTER PERIOD ORIGINAL 1875 SERIES BRo,NBAOK I DATEBAcK VALUEBACK RFD SEAL DATES PLAIN BACK 1929 FIRST NATIONAL BANK WARREN 673 12/30/64 Lip 8/24/04 $1.2.5.10.20. ABS By IND. TR. Co. 51.2.5.10.20. 55.10.20 NATIONAL NIANTic BANK WESTERLY 923 2/18/65 LIQ 1/11/05 51.2.5.10. ABS BY IND. TR. CO. 30. E: 100. $5.10.20. 55.21.20. .. • .. ... • . . FIRST NATIONAL BANK PAWTUCKET 843 2/27/65 Lip 3/8/00 51.2.5.10.20. 50.100.500. $1.2.5.10.20. 50.100.500. 8 5 . • ..•• • .... . • SLATER NAT'L OF NO. PROV. (OF PAWTUCKET. 1875) NORTH pROV. 856 3/3/65 LIQ 3/31/00 01.2.5.10.20. SUC BY SLATER TR. Co, 50. 6 100. 51. 2.5 . 10.20. 50. 6 100. 5 10.20. .... WASHINGTON NATIONAL BANK WESTERLY 952 3/29/65 LIQ 1/23/04 $1.2.5.10.20. SUC By WASH. TR. CO. TO. A 100. . 5 12. 0. 05.12.20. . ... ... .. ... ... . CITIZENS NATIONAL BANK WOONSOCKET 970 4/1/65 REc 9/18/28 $1.2.5.10.20. 50. 6 100. 510.20. 55.10.20. 55. 0.20. 55.10.20. NATIONAL HOPE RANK WARREN 1008 4/14/65 LIQ 8/24/04 $1;2?:.11.,20. ABS By IND. TR. CO. $5.10.20. 55. 0. O. -.. FIRST NATIONAL BANK NEWPORT 1001 /17/65 LIQ 9/7/05 $1.2.5.10.20. ABS BY NEWPORT TR. CO. To. a 100. 5. O. 0.50.6 100. $5.11.20. .......... FIRST N.B. OF SMITHFIELD SLATERSVILLE 1035 65 Lip 6/11/58 ABS BY IND. NAT'L BK $1.2.5.10.20. $1.2.5.10.2 1, $5.10.20. 510.20 $10.20 $ 0 LI 112.2 FIRST NATIONAL BANE HORKI9TON 1054 4/26/65 LIQ 5/25/14 ABS BY WASH. TR. CO. $1.2.5.10.20. 1.2.5.10.20. 5.10.20 ............ 510.20 512.20, LWNSOCK£T T BANK WOONSOCKET 1058 4/26/65 LIQ 7/19/00 ABS BY IND. TR. CO. $1.2.5.10.20. 50. 6 100. $1.2.5.10.20. 50. A 100. $5.10.20. 50. 100. ...... . . ..... . . ASHAWAY NATIONAL BANK ASHAWAY 1150 65 LIQ 1/21/46 ABS BY IND. TR. Co. $1.2.5.10. $1.2.5.10 55.10.20. 5.10.20. 15.10.20. 55.11.21. NAT'L LANDHoLDERS BANK KINGSTON 1158 /17/6 LIQ 4/10/05 REORG AS TRUST CO. 11.1.5.10.20. $5.10.20. $10.20.50 A 100, . . .... GOVEXTRy NATIONAL BANK ANTHONY 1161 65 LIQ 4/17/85 51.2.5.10.20. 51.2.5.11,20. . ........... NATIONAL PHENIX BANK WESTERLY 1169 /18/65 LIQ 8/15/01 ABS By WASH. TR. CO. 51.2.5.10,20.. i.1 0 2. 0. 1. .5.10 O. $5.10.20. • .......... (WAKEFIELD NATIONAL BANK WAKEFIELD 1206 6/2/65 /IQ 7/1/90 SUC BY WAKEFIELD TR. CO. 51.2.5.10.20. $ .2.5. O. 0 5. O. 0 • ..... - • . ..... .. CENTREVILLE NAT'L BANK WARWICK 1284 65 STILL ACTIVE 51.2.5.10.20. 510.20. 510.20. .. ... .... . 513.20. 510.20. 50.20 5 5.10.20. FIRST NATIONAL BANK BRISTOL 1292 6/16/65 LIQ 12/17/00 ABS BY IND. TR. co. $122.5.10.20. 51. .5. 0.20 55.10.20. • .......... ... ..... • ... ... 1 FIRsT NATIONAL BANK woON5OCKET 1402 7/7/65 LIQ 2/6/02 ABS BY IND. TR. CO. $1.2.5.10.20, 5 .2.5 10.20. 55.10.20. .... . . .... . .. CUMBERLAND NAT'L BANK CUMBERLAND 1404 65 LIQ 6/5/85 11.2.5.10.20. 50. 6 100. .10.20. . .. .. GREENWICH NAT'L BANK EAST GREENWICH 1405 7/8/65 L10 4/30/00 *20 BY KFGR'S TR. CO. $5.10.20 5 . 0. . .." . NA/136AL UNION BANK wOoNSOCKET 1409 65 Lip 5/4/15 ABS By WOONSKT TR. co. $1.2.5.10.20. 50. a 100. . . .10.20. 50. A 100. 55.10 20 510.20. $10.20. NATIONAL WARREN BANK WARREN 1419 7/11/65 LIQ 8/24/04 ABS BY IND. TR. CO. 2.5. g0.20. 11.2.5.10.20. 6 1 5. 0. 0. 55.10.20. .......... ........... PRODUCERS NAT'L BANK WOONSOCKET 1421 65 LIQ 1/16/26 ABS BY R.I. HOSP. TR. $5.10.20.50. 100. $5.10.20.50. 100. 510.20. 51!1.20. 55.10.20 5512 2p. NATIONAL GLOBE BANK WOONSOCKET 1423 65 LIQ 1/12/29 ABS BY R.I. HOSP. TR. 51.2.5.10.20. 5. O. O. 510.20. 0.20. $10.20. 5 10.20. PHENIX NATIONAL BANK PHENIX 1460 7/17/65 LIQ 8/30/00 55.10.20. $5.10.20. $10.20. . (NEWPORT NATIONAL RANK NEWPORT 1492 65 STILL ACTIVE $1.2.5.10.20. 30. a 100. $1.2.5.10.20. Tor a 100. $5.10.20. 50.100. $5.10.20. 5O.0or.0 100 .. 1iil!';7;f1. RATIONAL EXCHANGE BANK GREENVILLE 1498 65 LIQ 7/20/28 SUC By GREENVILLE TRIO. $1.2.5.11.20. 50. 6 100. 55.10.20. 50.100. 05.10.20. 510.20. 10.20. PASCOAC NATIONAL BANK PASCoAG 1512 8/9/65 Lip 6/6/01 ABS BY IND. TR. co. 51.2.5.10.20. 55. O. 0 ... .. " NAT'L BANK OF RHODE ISLAND NEWPORT 1532 8/21/65 L1Q 5/3/00 ABS BY IND TR. Co. 51.2.5.10.20. 50. 5.10.20. 55. .... ..... ....•...•.• ..•.... AQUIDNECK NAT'L BANK NEWPORT 1546 65 L, 777A 1,2 9/73: ir Hosp. N.B. 0., 20.5t :2. 5.1(. $54).20.50 6 $5.10.20. 5. 0.20 5. O. 0 05 .10.20. • SCITUATE NATIONAL BANK SCITUATE 1552 9/7/65 LIQ 1/11/88 51.2.5.10.20. 5 10 2D 5.10.20. ... ............ • •••• - ... ••• .. • NAT'L EXCHANGE BANK WAKEFIELD 1554 65 LIQ 10/27/77 01.2.5.10,20. ........... • •• ••• -•• • • • • NATIONAL EAGLE BANK BRISTOL 1562 9/18/65 LIO 12/17/00 ABs By IND TR. CO, 55.10.20. 55.10.20. 55.10.20. . .... ... NAT'L EXCHANGE BANK SEAPORT 1565 65 LIQ 2/6/26 CONS w/A 1546 $1.2.5.10.20. 55.10.20. 55.10.20 05.10.20. 5 a. 0. 55.10. 20. WICKFORD NATIONAL BANK W/CKFORD 1592 10/17/65 Lip 2/20/02 ABS By IND. TR. CO. 0..:.%2..)2151,. 5 ,s. : ,),;. (20., 55.1 20. .......... . PACIFIC NAT'L BANK NORTH pROV. (PAWrucKET, 1889) 1616 /9/65 LIQ 3/8/00 ABS By IND. TR.co . 51.2.5.10.20. 51.2.5.10.20. 55.10.20. 50.100• .......... .... . UNION NATIONAL BANK NEWPORT 2554 8/12/81 /IQ 10/17/12 ABS BY (7 154e 55.11.21. j 55.10.20. 55.10.20. .......... .......... . Whole No. 71 Page 295 NATIONAL BANKS OF PROVIDENCE, RHODE ISLAND PROVIDENCE ORIGINAL TITLE DATE NATIONAL RANK TITLE CS 4 CR. DATE FATE 0. BARK FIRST ChARTLR ORIGINAL 1875 SERIES BROWNBACK 1. MERCANTILE BANK 1854 FIRST NATIONAL SANK 134 11/29/63 LI Q. 6/24/04 31.2.5.10.20. $1.2.5.10.20. 85.10.20. ABS BY R.I . HOSP. TR. 707 7 loo. 50. ,.., 100. 50.8100. 2. NO PREDECESSOR N/A SECOND NATIONAL BANK 565 11/9/64 LIQ 0/5/01 31.2.5.10.20. 31.2.5. 510.&20. SUC. By 45025 50. ?., 100. 3. MARINE BANK 1856 THIRD NATIONAL BANK 636 12/20/64 LIQ 1/20/00 51.2.5.10.20. 35.10.20. 85.10.20. ARS. BY IND. TP. CO. 50. & 100. 4. CO NTINENTAL BANK I853 FOURTH NATIONAL RANK 772 1/31/65 LIQ 7/1'/07 31.2.5.10.20. ;1.2.5.10.20. 35.10.20. ARS. BY 459 25 W.- 5,100. 50. & 100. 5. FARMERS & MECHANICS PHENIX NATION AL RANK 948 3/2R/6E LIQ. 195 3 31.2.5.10.20. 31.2.5.10.20. 52.10.20. REORG AS PHENIX, PROV. 1835 ABS. BY R.I. 005P. TR. 50.:. 100. 6. ARCADE BANK 1831 RHODE ISLAND NAT'L RANK 983 14 /6/65 LIQ. 0 /0/01 81.2.5.10.20. 31.2.5.10.20. 85.10.20. SOC. RY 45925 707100.500. 50. 7. MECHANICS & MESH'S BANK 1827 FIFTH NATIONAL BANK 1002 LI /1 2/65 LIQ. 0/0/01 31.2.5.10.20. 51.2.5.10.20. 35.10.20. SUC AY 45025 50. & 100. 50. 3,100. 50,0000. P• MECHANICS BANK 1823 MECHANICS NAT'L BANK 1007 4/14/65 LIQ- 194 3 31.2.5.10.20. 31.2.5.10.20. 35.10.20. ABS B" IND. TR. CO. 50. 8 100. 9. EAGLE BANK 1818 NATIONAL EAGLE BANK 1030 4/17/65 1711 Q, 9/5/01 51.2.5.10.20. 52.2.5.20.20. 55.10.20. SIX. BY 45925 507 & 1X7. 10. BANK OF NORTH AMERICA 1823 NAT'L BANK OF NO. AMERICA 1036 4/1 7/65 LIQ. 6/14 /Oh 55.10.20.50. 51.2.5.10.20. 55.10.20. 1 00.&500. 11. GLOBE BANK :LOSE NATIONAL BANK 1126 5/9/65 LIQ. 7 /12/09 51.2.5.10.20. 35. 35. 50. & 100. 112. MERCHANTS BANK MERCHANTS NAT'L RANK 1131 5/7/65 LI Q• 5/1 0/26 81.2.5.10.20. 51.2.5.10.20. 55.10.20. CON. W/81302 7071250.500. N0. & 100. 13. NATION AL BAhn OLD NATIONAL BANK 1151 5/15/65 LIQ- 7/20/06 51.2.5.10.20. 51.2..5.10.20. 32.10.20. ABS. BY IND. TR. CO. 50. & 100. 14. WEY BO S SET BANK WEYBC SSET NAT'L RANK 1 173 5 /2 0/65 LIQ- 7/26/04 0.2.5.10.20. 31.2.5.10.20. 55. 10.20. ASS. BY UNION TR. CO. 30.., 100. 15. MANUFACTZT.ERS BK, _NWT. MANUFACTURERS NAT'L BANK 1283 6/16/65 LIQ- 12/30/9 0 51.2.2.10.20. ;2.2.5.10.20. 35.10.20. 'MOVED TO PROV. , 1831) 'AEC AME TRUST CO. 50. & 100. 16. THE PROVIDENCE BANK 1791 PROVIDENCE NAT'L BANK 1302 6/30/65 CON. W/IND. TR. CO. 5.10.20.50.& 55.10.20.50.& 55.10.20. IN 1954 100. 100. 50.8.100. 17. COMMERCIAL BANK 1833 COMMERCIAL NAT'L BANK 1319 6/21/60 LIQ. 6/6/03 55.10.20.50.& 35.10.20. 45.10.20. ABS. BY ONION TB. CO. 100. 18. BLACKSTONF CANAL RANK 1831 BLACKSTONO CANAL NAT'L 13213 7/7/65 CON. W/41302 , 1960 81.2.5.10.20. 31.2.5.10.20. 55.10.20. 50.100.500. 50.100.500. 70.000. 19. F,XCHANG' BANK 1801 NAT'L E TCHANTIF BANK 1339 /65 LIQ. 6/6 /26 31.2.5.10.20. 51.2.5.10.20. 55.10.20. ABS BY IND. TR. CO. 50. & 100. 20. BANK OF COMMERCE 1851 NAT'L RANK OF COMMERCE 1366 /65 ABS. BY R.I . .01P. ;1.2.500.20. 51.2.5.10.20. 35.10.20. NAT'L BANK IN 1969 57.103.500.M. 50. & 100. 21. LIME ROCK BK, SMITHFIELD 1823 LIME ROCK NAT'L RANK 1369 6/7/65 LIQ. 11/27 /94 11.2.5.10.20. 35.10.20. 15.10.20. %MOVED TO PROV. , 1847) 22. TRADERS BANK 1836 TRADERS NATIONAL BANK 1396 7/7/65 LIQ. '2 /1/°6 45.00. 55.00. 35.10.20. 23. CITY BANK 1833 CITY NATIONAL BANK 1429 7/12/65 LIQ•1 /1 7/00 35.10.20.50.8, 55.10.2c.50.8 85. ABS. RY UNION TR. 00. 100. 100. 24. AMERICAN BANK 1833 ARFRIC AN NAT'L BANK 14 72 7/20/65 LIQ. 2/12/06 51.2.5.10.20. i.1.2.5.10.20. 35. 10.20. ABS. AY R.I . SOS?. T. 50.110.500.N. - 25. ROGER WILLIAMS BANK 1803 ROG.R WILLIAMS NAT'L RANT 1506 P/7/65 LIQ.1/30/00 35.10.20.50A ;5.10.20.50.& 85. ARS. SY IND. TR. CO. 100. 7007 26. ATLANTIC BANK 1853 ATLANTIC NATIONAL BANK 2913 t/6/83 RFC. 4/16/13 55.10.20. 27. SO PREDECESSOR N/A UNITED NATIONAL BANK J 5925 0/30/01 LIQ. 2/14/16 5500.20. ("PROM A'S 065, 1 B3, 1 002 A 10;0 28. R.I . HOSPITAL TR. CO. 1867 R. I. HOSP. N 'T'L BANK 13')01 12/7/31 STILL OPFRATINCI 29. COLUMBUS F.XCH. TR. CO. ? COLUMF3US NATION AL SANK 13981 2/2/34 INTO 12.L.N ...a._,YT'ROED RAM' CHANCE, 1970 Page 296 Paper Money NATIONAL BANK NOTES ISSUED SECOND CHAPTER THIRD CHARTER FERIOD DATEBACK VALUEBACK RED SEAL DA7EBACK PLAIN BACK 1929 510.H20. 55.10.20. 55.10.20. 55.10.20. 115.22.20. 55.12.z0. 55.10.20. 50.&100. 55.10.20. 50.s.l00. 55.10.20. 70717. . . 55.10.20. 35.10.2o. 35.10 -2.2' i 35.10.20. 50.&100. 55.10.20. 50.1100. 55.10.20. 5077,130. 52.10.20. i. 35.10.20. 15.10.20. 45.10.20. 55.10.20. 52.22.20. 52.22.20. 55.10.20. 510.5,20. 35.10.20. 55.10.20. 55.10.20. 55.10.20. 35.10.20. 55.10.20. 55. 1 0.22. •-• 50.5 - 100. 1 55.10.20. NOTE: Underlined notes indicate known survivors. Whole No. 71 Page 297 trade and finance. The bank took a national charter in March, 1865 and remained a national bank until 1904 when it converted back to a state institution as a trust company. In 1901, The Washington National had absorbed The National Phenix Bank of Westerly and, in 1914, The Washington Trust Company absorbed The First National Bank of Hopkinton as a branch. The Washington Bank has continued a successful career to the present day and remains one of the country's oldest banks. The "country" national banks of Rhode Island were consolidated and liquidated for the same reasons as the Providence banks. The circulation privilege was largely unneeded after 1870 and trust companies, with fewer operating restrictions, had become more profitable than national banks. During the period from 1885 to 1915, twenty-seven Rhode Island national banks outside of RHODE ISLAND "COUNTRY" TOWNS THAT HAD NATIONAL BANKS TOWN CHARTER NO. 1. Anthony #1161 2. Ashaway #1150 3. Bristol #1292, 1562 4. Cumberland #1404 5. East Greenwich #1405 6. Greenville #1498 7. Hopkinton #1054 8. Kingston #1158 9. Newport #1021, 1492, 1532, 1546, 1565, 2554 10. North Providence * 856, 1616 11. Pascoag #1512 12. Phenix #1460 13. Pawtucket # 843 (also later issues of #856 & 1616) 14. Scituate #1552 15. Slatersville #1035 16. Wakefield #1206,1554 17. Warren # 673, 1008, 1419 18. Warwick #1284 19. Westerly # 823, 952, 1169 20. Woonsocket # 970, 1058, 1402, 1409, 1421, 1423 21. Wickford #1592 Note: A total of 21 different towns had 38 different banks. Providence surrendered their charters. One other bank had liquidated before 1885. Of the ten remaining national banks, five disappeared in the 1920s included, the one that failed, three more departed the scene between 1946 and 1958, and two have survived as national banks to the present day. The disappearance of so many of these banks during the Second Charter period accounts for the scarcity of third charter notes. Only thirteen country banks issued third charter notes and only five of these lasted long enough to NitiltOttivinfAurgio 4tlikAt V114i'laL ttNit scramsrinownr, 2398 12956 Page 298 issue the small size 1929 notes. Rarity of the "country" nationals follows the pattern previously observed for the Providence national notes, with first charter notes through the $5 denomination and second charter brownbacks of the $5 denomination and second charter brownbacks of the $5 and $10 denominations readily available as types. As expected, certain of the banks are unobtainable. First and second charter $20s are very rare and it is possible that no $50 or $100 notes have survived. Only one bank issued second charter datebacks making this an extremely rare type note for the state since only one other bank at Providence issued the 1882 datebacks. No valuebacks were issued by any Rhode Island banks. The "country" red seals are extremely rare with Paper Money only one note reported. Third charter blue seals, with the exception of the Newport banks, are very rare and the 1929 notes, again with the exception of Newport, seldom appear on the market. Collecting notes from each of the 21 "country" towns and cities of Rhode Island, not counting Providence, should tax the patience of a Job and the wealth of a Croesus. There are two towns with no notes reported, five more with only one note known, and ten have from two to eight notes reported. The towns of Newport, Warren, Westerly and Woonsocket are reasonably available since they each had from three to six national banks located there. The writer would appreciate hearing of the existence of any notes not reported here. • GENERAL MEETING The Annual Meeting of the Society of Paper Money Collectors was held Thursday afternoon, August 25th at 2:00 P.M. at the Marriott Hotel, Atlanta, Georgia. President Robert Medlar presided. Ninety-five members and guests were in attendance. President Medlar presented a summary of the membership and financial report for the year, and encouraged those present to solicit new members for the Society. George Wait announced that the Maine book is now available and that hopefully the Indiana book will be ready next year. There is a possibility that the Iowa book will be released next year; it will probably be published privately. Wait expressed the thanks of the Society to Krause Publications for their help with the obsolete paper money books. Roy Pennell announced the list of candidates for the Board of Governors. A total of 76 ballots were cast at the meeting with the following being elected: Charles G. Colver, Charles O'Donnell, Harry Wigington, J. Thomas Wills, Jr., and Wendell Wolka. Also running for the Board of Governors, but not receiving the required number of votes to be elected, was Gary E. Lewis. Doug Watson, editor of Paper Money, presented a report on the Society's publication. President Medlar summarized the action taken at the Executive Board Meeting as follows: (A) Election procedures have been changed to provide for direct election of Board Members by mail ballot from the entire membership. (B) Regional meetings of the Society have been very well received and will be continued in the future. (C) The annual meeting of the Board and a general meeting of the members, can now be held at a site and a time, other than at the ANA convention. However, a general meeting, plus luncheon and banquet will still be held at the ANA convention. The next Annual Board Meeting and General Meeting will be held June 1, 1978 at Memphis in conjunction with the Paper Money Convention which is to be held there on June 2, 3, 4, 1978. (D) Due to our present economic condition and the projected cost increases, dues have been increased to $10 for all members, including new members. (E) The special SPMC table at the ANA Convention has well received and will be continued in the future. (F) A new membership directory will not be printed this year. Byron Johnson announced that the ANACS will begin to authenticate certain types of paper money as time, technology, and other circumstances permit. United States paper money, and any other paper money issues covered by the counterfeiting provisions of the U.S. Code will not be authenticated in the foreseeable future. At this time the following types of paper money can be sent in for authentication: Colonial and Continental, Confederate and State issues, Obsolete bank notes and scrip, any other type not restructed by the U.S. President Medlar announced that the Robert Friedberg award has been awarded to Chuck O'Donnell. There being no additional business to be transacted, the meeting was adjourned. LITTLE LEFT One of only 10 notes in large size National Currency unredeemed from The First N.B. of Elmsford, (N.Y.) according to 1935 Treasury records, and very probably unique today, an XF 1902 $5 sold for $385 against a $200 estimate in the recent Hickman & Oakes sale. With only $50 outstanding (large size notes) the catalogers were probably right in saying "Third Charter notes don't get much rarer than this beauty." your currency, the bucks start here • Whole No. 71 Page 299 When it comes to selling 1~800~225-6794 When you call New England Rare Coin Auctions and speak to our President, Lee J. Bellisario, you're in touch with more than just New England's largest rare coin auc- tion firm. You're in close contact with the numismatic professionals whose business it is to obtain for you the highest prices for your coins or currency. That's why more and more consignors are placing their hold- ings with us. In our last 6 auctions, 293 consignors earned $2,867,393, proof posi- tive of the continued market strength and the confidence that consignors and bidders alike have in our ability to accurately at- tribute, grade and catalog. When you choose to consign your collec- tion to New England Rare Coin Auctions, our high prices realized, our liberal cash- advance policy and our results-oriented advertising and promotion all help to insure a successful return for you. Now is the time to consign for our Spring 1978 auctions. Just call 1-800-225-6794 .(toll-free) and ask to speak to Lee J. Bel- lisario. He will discuss with you how your currency holdings, large or small, may become part of our next auction. And you'll know why the bucks start here. l(NEW/ ENGLAND RARE COIN AUCTIONS eries 89 Devonshire Street, Boston, Mass. 02109 • 617-227-8800 or toll-free 1-800-225-6794 sixerracyt HARRY G. WIGINGTON, Secretary 11:11111tT P.O. Box 4082 Harrisburg, PA 17111 Page 300 Paper Money MEMBERSHIP LIST No. New Members Dealer or Collector Specialty 5002 Alan J. Moser, P.O. Box 883, Palatine, Ill. 60067 C IOWA Obsoletes 5003 R.B. Cook, 8283 Republic, Warren, Mi. 48089 C Current F.R.N.'s 5004 Joseph R. Chouinard, Columbia Garden Apts., Bldg. C Obsolete Notes #3, Apt. #65, Cohes, N.Y. 12047 5005 Jayant J. Ruparel, Box 42882, Nairobi, Kenya C 5006 William H. Johnson, P.O. Box 232, Darien, Ga. 31305 C Large Size U.S. Notes, Obsoletes and Confederate 5007 Richard James Lewis, Sr., P.O. Box 367, Massapequa, N.Y. 11758 C All paper currency 5008 Dr. William D. Gunther, P.O. Box 4535, University, Ala. 35486 C/D Confederate 5009 Harold K. Malone, Rt. #3, Box 303, Edmond, Ok. C Confederate, Obsoletes, U.S., & Uncut sheets 73034 5010 L.F. Athy, 3834 Overbrook Lake, Houston, Tx. C Republic of Texas, Notes, Warrants & Bonds 77027 5011 Maynard Cohn, P.O. Box 6537, Denver, Co. 80206 C Silver Certificates 5012 W.E. Farrar, 729 Creekside Dr., Mt. Pleasant, S.C. 29464 C Colonial, U.S., Obsolete notes, Russian, Siege notes 5013 C. Roy Hall, 4 Second Ave., Susquehanna, Pa. 18847 C/D Large & Small Nationals 5014 Harold W. Hauser, P.O. Box 150, Glen Ridge, N.J. C N.J. Obsoletes 07028. 5015 William D. Ray, Meeting Street, Dandridge, Tenn. C/D Confederate & Southern Obsolete Bank Notes 37725 5016 M Alan L. Dorris, 1308 Westbrooke Terrace, Norman, Okla. 73069 C Obsolete notes & Georgia Colonials 5017 David E. Patton, 116 Dale St Lemont, Pa. 16851 C Large size U.S. Currency 5018 Warren Michael Allen, 1163 West Reid Rd., Apt. #4, Flint, Mich. 48507 C Small size U.S. Currency 5019M Robert L. Hendershott, P.O. Box 929, Clearwater, Fla. 33517 5020M Charles Guthrie, R.R. #1, Box 103, Sesser, Ill. 62884 5021M Roy Glenn Stewart, Rt. #1, Box 1111, Hawesville, Ky. 42348 5022M Rufus P. Simmons, 3598 Mimosa Ave., Memphis, Tn. 38111 5023M Lee Douglas Keene, Jr., 5700 Chesswood Dr., Knoxville, Tn. 37912 5024 M Clifford Cooper, Box 342, Mansfield, Mo. 65704 502 M Calvin Martin, 4521 16th St., Meridian, Miss. 39301 5026M Ray E. Bailey, 14 Flora Ave., Rome, Ga. 30161 5027M George W. Somers, 4220 Reily Lane #B206, Shreveport, La. 71105 5028M W.L. Vaughan, P.O. Box 225, Thomson, Ga. 30824 5029M James H. Cohen, 319 Royal St., New Orleans, La. 70130 5030M John F. Foster, P.O. Box 13498, St. Louis, Mo. 63138 5031M Thomas E. Bader, 2038 Hyacinth Ave., St. Paul, Mn. 55337 C National Currency C Kentucky National Notes C Small size currency C/D Georgia Currency & Error notes C/D C Georgia Currency D C/D U.S. Currency C/D National Bank Notes Whole No. 71 Page 301 5032 Jerald L. Cohen, 5690 Evelyn Ct., New Orleans, La. M 70124 5033 Gary E. Kruesel, 2302 171/2th St., N.W., Rochester, Mn. 55901 5034 John Baumann, M.B.A., P.O. Box 5094, Lakeland, Fla. 33803 5035 Robert E. McNellen, 1 Jonquill Lane, Kings Park, N.Y. 11754 5036 Christine Gregg, 3418-P East Lake Rd., Canadaegua, N.Y. 14424 5037 Michael D. Wynne, 1620 Myrtle Blvd., Lafayette, La. 70506 5038 Everett P. Sorrells, Jr., P.O. Box 2362, Laurel, Ms. 39440 D C Minnesota, Nationals C Small size Notes C C N.Y. obsolete notes of Civil War period C/D Louisiana Paper money C Confederate, Miss. Obsoletes, U.S. $1 type notes, $10.00 Nationals-1 from each state END OF 1976-77 MEMBERSHIP 5039 Richard J. Stanfeld, 1962 Kentwood St., Phila., Penna. 19116 5040 Richard C. Woodberry, 1659 Hull Circle, Orlando, Fla. 32806 5041 Malcolm Kurin, 160-46 16th Ave., Whitestone, N.Y. 11357 5042 Albert F. Kaminsky, Jr., A Company 4th Bn 10th Inf., APO New York, N.Y. 09829 5043 Jay Duda, 4217 41st Ave., S., Minneapolis, Minn. 55406 5044 Roy W. Chester, 9 Leap Dr., Pennsville, N.J. 08070 5045 Richard C. Harris, 3 Burning Brush Ct., Pomona, N.Y. 10970 5047 Eleanor S. Wait, 11 Dobbs St., Bernardsville, N.J. 07924 5048 George B. Humphreys, P.O. Box 3686, Daytona D Beach, Fla. 32018 5049 Johnny 0. Norton, 1543 A Cedar St., Ft. Dix, N.J. C 08640 5050 John N. Neidinger, 2713-A Derry St., Harrisburg, C/D Penna. 17111 5051 David E. Martin, 618 South Pickaway St., Circleville, C Ohio 43113 5052 David Hollander, 8000 Woodley Ave., M/S 2121, Van C/D Nuys, Ca. 91409 5053 John O'Dea, 11 Blossom Heani, Williamsville, N.Y. C 14221 5054 Pauline Miladin, 13304 Inglewood Ave., Hawthorne, D Ca. 90250 5055 Tony Paree, Jr., 404 Washington Ave., Wheeling, C W. Va. 26003 5056 David E. Modeen, 4315 Chadburne Dr., Lansing, Mi. D 48910 5057 M. Lemar Morris, 15 Delta Cir., Savannah, Ga. 31406 C/D 5058 William H. Spruell, 1641 Kestwick Dr., Birmingham, C Ala. 35226 Obsolete, Foreign and general notes National Currency U.S. Large notes & Iran U.S. notes prior to 1928 Type notes World Bank notes by ABNCo. Confederate & Obsolete currency Nationals, FRBN, small notes C Confederate, obsolete notes and State Notes C/D C National Currency (Alaska & N.Y.) Silver Cert. and Gold Cert. C/D C M.P.C. REINSTATED MEMBERS 4236 Robert Stakiwicz, 7A Georgia Ct., Matawan, NJ 07747 2487 David L. Saulmon, 9899 Good Luck Rd., Apt. #11, Lanham, MD 20801 3448 Nicholas J. Bruyere, 532 Imo, Apt. #5, Dayton, Ohio 45405 3541 Edward Marijan, 2517 S. 2nd St., Steelton, PA 17113 3969 Robert S. Cohen, P.O. Box 1536, Rockville, MD 20850 1756 Arthur J. Smith, 2510 Bisc. Blvd., Miami, Fla. 33137 227 Stanley J. Kolosky, 237 East Kirwin, Salina, Ks. 67401 2916 David M. Walsworth, 832 Robinwood St., Shreveport, La. 71106 640 Andrew P. Beck, Jr., 105 Wellington Ave., Pleasantville, N.J. 08232 1627 Agustin Lopez S., P.O. Box 482, Guayama, Puerto Rico 00654 3525 Marcia L. Campbell, 27 Palermo Walk, Long Beach, CA 90803 3982 Gerald Garstein, P.O. Box 21, Queens Village, NY 11429 4691 Dr. Alexander Persijn, D-675 Kaiserslaulern, Schubertst 12 Germany 4373 Emilio M. Bosch-Dubroca, 6917 Precourt Dr., Orlando, FL 32809 4318 Milan S. Bednar, 229 Oakwood Ave., Staten Island, N.Y. 10301 934 John A. Wavle, Jr., 11 Bell Dr., Cortland, NY 13045 2388 Robert P. Jones, 265 Hunter Dr., Globe, Az. 85501 2417 Leon Silverman, 122 East 42nd St., New York, N.Y. 10017 3221 Dr. Harold Don Allen, Professor of Education, Nova Scotia Teachers College, Trudo, Nova Scotia, Canada Page 302 During 1966 the United States military aid effort in South Vietnam was escalating at a rapid rate. Major construction projects were planned or under way that were designed to provide what it was thought would give South Vietnam the margin for victory over North Vietnam. One such effort, dubbed "Project Turnkey", was the construction of a $52 million jet fighter-base on the North China Sea coast at Tuy Hoa. Until the inception of Project Turnkey, all major military construction projects were the responsibility of the U.S. Army Corps of Engineers or Navy Facilities Engineering Command. This new project was to be the sole responsibility of Air Force Civil Engineering. On May 31, 1966, the United States Air Force signed a contract with Walter Kidde Constructors, Inc. of New York to design and construct a two-runway base to accomodate four squadrons of F-100 jet fighter planes. The cost-plus-fixed-fee contract drew a construction force of 700 American civilians into Vietnam to build the air base. Kidde Constructors retained B.B. McCormick & Sons, Inc. of Jacksonville Beach, Fla., as subcontractor. Kidde would be responsible for all vertical construction and McCormick the horizontal work. The South Vietnamese economy was already seriously affected by the American construction effort which was pumping millions of dollars into the country as a result of major construction projects begun during and after 1962. In an effort to protect the local Vietnamese economy from further inflationary pressures, all employees of Project Turnkey contractors were permitted to draw a maximum of only five percent of their monthly salary on site, the balance being deposited in accounts in the United States. In order to preclude the possibility of financial speculation, on-site payments were to be made with scrip issued by Kidde Constructors. The new scrip was to be obtained by Kidde, New York and sent to the site administrative manager in Vietnam. In accordance with its contract with the Air Force, and after extensive discussions with Air Force administrative officers, Kidde solicited bids for the design, printing and supply of scrip to be delivered to its New York City offices. On September 1, 1966, following receipt of three bids, the low bidder, Security-Columbian Bank-note Company, was awarded the contract to produce the new scrip. The Paper Money contract called for the printing of $200,000 face in "Turnkey Commissary Receipt" scrip, to be produced as follows: Denomination Color Total Value Serial Numbers S 0.05 violet S 1,000 1-20 000 0.10 yellow 2,000 1-20 000 0.25 brown 5,000 1-20 000 1.00 blue 12,000 1-12 000 5.00 orange 40,000 1- 8 000 10.00 green 140,000 1-14 000 Shortly after the award of the contract, word was received from the site in Vietnam that the new scrip was not desired. As the contract could not be recinded without penalty charge for cancellation, the Air Force officer in charge was notified of the situation and he directed that the contract be completed and that the new scrip be utilized. By early November the Air Force was still prepared to proceed with the use of the new Kidde scrip. By mid-November however, an on-site decision was made not to use the Kidde scrip. Instead, Project Turnkey employees would be paid with Military Payment Certificates of the issue then current in Vietnam; Series 641. Both the contracting officer and Military Assistance Command concurred and the MPC's were released for use by Project Turnkey employees. The ill-fated Turnkey Commissary Receipts were to have been released in six denominations. Unlike the MPC's, the receipts were printed in a uniform size, six inches long by two and seven-eighths inches wide, on banknote paper in which was imbedded small blue and red planchets. Project Turnkey was to run from May, 1966 to July, 1967. Subsequent to the decision to use regular issue Military Payment Certificates an order was issued to destroy the Turnkey Commissary Receipts. This was carried out in August, 1967, with the bulk being so destroyed. Thus ended the possibility of a note issue being released under the auspices of the United States military, designed to circulate in parallel with the Military Payment Certificate. The information contained in this article was provided by Seymour Stanton who was formerly an officer with Walter Kidde Constructors, Inc. and project controller of Project Turnkey. The photographs of the Turnkey Commissary Receipts were the work of Edward Kashin. AN INTERESTING MILITARY PAYMENT CERTIFICATE PROJECT by Seymour Kashin SPMC 3092 TURNKEY No. A TURNKEY COMMISSARY --RECEIPT-- __FIVE CENTS--- SOLELY REDEEMABLE BY TURNKEY CONTRACT EMPLOYEES AND AIR FORCE PERSONNEL'AT TURNKEY COMMISSARY FACILITIES FOR I AMOUNT, PRESENTATION By OTHERS WILL NOT YE ., 0.4C NOT VALID AFTER AUGUST 30. I $.05 TURNKEY COMMISSARY --RECEIPT-- $.10 — TEN CENTS — SOLELY REDEEMABLE BY TURNKEY CONTRACT EMPLOYEES AND AIR FORCE PERSONNEL AT TURNKEY COMMISSARY FACILITIES FOR FACE AMOUNT. PRESENTATION BY OTHERS WILL NOT BE HONORED NOT VALID AFTER AUGUST 30, 1967 10 177:2.471,1_ No. B TURNKEY COMMISSARY $25 rvvENTY.FIVE CEi4TS,— SO4 ELY REDEEMABLE BY TURNKEY COKRACT EMPLOYEES AND AIR FORCE PERSONNEL' AT TURNKEY COMMISSARY FACILITIES FOR FACE AMOUNT. PRESENTATION BY OTHERS NOT VALID AFTER A TURNKEY COMMISSARY --RECEIPT-- $5.00 —FIVE DOLLARS— SOLELY REDEEMABLE BY TURNKEY CONTRACT EMPLOYEES AND AIR FORCE PERSONNEL AT TURNKEY COMMISSARY FACILITIES FOR FACE AMOUNT. PRESENTATION BY OTHERS WILL NOT BE HONORED NOT VALID AFTER AUGUST 30, 1967 t'.1 :40Tt URNKEY COMMISSARY $1.00 —ONE DOLLAR — SOLELY REDEEMABLE BY TURNKEY CONTRACT EMPLOYEES AND AIR FORCE PERSONNEL AT TURNKEY COMMISSARY FACILITIES FOR FACE AMOUNT. PRESENTATION. Ni OTHERS WILL. NOTE BE HONORED NOT VALID AFTER AUGUST 30, 1967 4REENtg' _MkM*0 TURNKEY COMMISSARY --RECEIPT-- — --FiN DOLI-ARI ----- SOLELYREDEEMABLEBY TURNMY CONTk EMPLOYEES AND MR FORCE .PERSON TURNSEY COMMISSARY FACILItIES F AMOUNT. PRESENTATIQW citITERS WILL NOT krAIrowoRro NOT VALID AFTER AUGUST 30, 1967 10 $10 :17 Page 304 Paper Money .11461Intalind.CUrrelnie" AYWkarst Wan P*114.44107;1.4441(.. 1 .1 11 ,10410,0 4, METED STATES OF AM ER I CA„ . 84 .9813D 10974 TCP — Blue Seal with Craw ford Haruie as President. u(ii 11414).-0 ;;.,,,,,f,„) •744 it2,;) • vioshIngtott r.r.1 NATIONAL CURRENCY OF EL PASO Continued from page 264 bank had $2,580 out in 1910. The Series 1975 $5 illustrated, is one of only 35 known Texas First Charters; therefore, this State National Bank note is probably unique. In the ten mail bid sales which William P. Donlon has conducted (almost 8,500 lots) he has offered only four notes from El Paso, representing three banks. Two were from The First National Bank, and one each from The City National Bank and El Paso National Bank. Grinnell had only one (First National Bank) in his celebrated sales. As an appeal, I would like to request that anyone knowing of the missing notes from the banks of El Paso, please let me know. Corrections will be appreciated as well. References: Anton, William T., Perlmutter, Morey, The Albert A. Grinnell Collection of United States Paper Money (Barney Bluestone—Cataloger) Reprint 1971 Donlon, Wm. C., Mail Bid Sales, 1971-1976, Utica, New York O'Donnell, C., The Standard Handbook Of Modern U.S. Paper Money, Williamstown, New Jersey, 1975 Private correspondence with—Roman Latimer, Robert Medlar, and one anonymous collector who has been most helpful with illustrations and issuance information. TWENTIETH CENTURY U.S. NOTES Continued from page 272 most unusual number I have met with is *26962D, the palindrome reported by F.A.Nowak, who independently studied this series in PM 37:3 (v10n1 , 1971). TEN DOLLARS. Vignette of Jackson, based on the same Sully portrait earlier used by Andrew Sealey for the 1869 fives. Back features three lOs in glory. Official and observed range in block A-B, 1-696000, the final note from face and back plates 3, though higher plate numbers are known. Eight-subject sheets as on $1. Earlier estimates had it that only 50 to 60 survive in all grades; Hessler says that about 50 are known in mint state. A tiny hoard was discovered including scattered notes in 6959xx. All were released Feb. 6-20, 1926. No. 1 is in a pvt. coll.; no. 5, Grinne11:130. Mehl-Grinnell Dups.:2005 was a cut panel. For many years it was believed that no star notes were issued. I have seen one, *135D, reported by Dr. Bernard Schaaf, and have heard of one other, also with a low number, but have not seen it; but then a monograph could be filled with similar reports of unseen rarities. Collectors able to improve on the observed SN ranges for any of these earlier issues are urged to contact me so that the eventual book version of these serials will represent the most up-to-date state of currency research. The importance of SN ranges should be obvious enough: detailed knowledge of them allows one to infer quantities issued compared with official reports, or to fill in gaps in the latter. The ultimate goal is to achieve for large size notes of all kinds (aside from Nationals) what Chuck O'Donnell has been doing for small size notes. THE MYSTERIOUS BANK At the Rhode Island Historical Society there is a copper plate which is engraved on both sides. On the one side is the note of the Farmers Exchange Bank of Gloucester, a bank all too real in the history of dubious banking. On the other, the note from the Portsmouth Bank. There is a Portsmouth, Rhode Island, but we can find no evidence that it ever had a bank. Can anyone provide information on this? VERY FIRST NATIONALS Although it was chartered as the 26th National Bank in the U.S., The First N.B. of Washington, D.C. was the first for which National Currency was printed and issued; on Dec. 21, 1863. An Original $5 from that bank, in F-VF grade, was offered in the recent mail auction by Hickman & Oakes where it drew a bid of $2,100, more than twice estimate. Also sold with the note was a die proof of the main title vignette. Whole No. 71 Page 305 SPECIAL OFFER FOR S.P.M.C. MEMBERS CHUCK O'DONNEL'S 1977 SIXTH EDITION THE STANDARD HANDBOOK of MODERN UNITED STATES PAPER MONEY $15.00 SIXTH EDIT1; THE STANDARD HA \ Ki {ODER \ UNITED STATES r A PER \V ).NEY ALL YOU WANTED TO KNOW ABOUT MODERN U.S. PAPER MONEY BUT DIDN'T KNOW WHO TO ASK Member's Price $10 RETAIL PRICE $15.00 HARRY J. FORMAN, INC. Phone 215-224-4412 P.O. BOX 5756 PHILADELPHIA, PA 19120 Page 306 Paper Money FRACTIONAL CURRENCY The designation "CT" on crisp uncirculated notes indicates a Close Trim, with one or occasionally two margins touched or cut into. This is the rule rather than the exception, especially with the second and third issue notes. FIRST ISSUE F-1355 AU, acidic ink erosion in sigs.. .845; CU, 5¢ F-1230 VF...512; XF, pinhole...514; XF.. .818; CT.. .8100; CU...8140; GEM.. .5200 XF-AU.. .522; AU...525; CU, CT. . .$30; F-1361 VG...818 CU...840 F-1362 CU, CT...885; CU. ..$110 F-1231 No Monogram CU...890 F-1363 CU, CT.. .$150 10¢ F-1242 F...510; F-VF. _812; VF.. .514; VF-XF. 316; F-1364 CU, CT...590; CU...5110 XF...$20; Au...525; CU, CT...835; CU...845 F-1365 CU, CT.. .$100; CU GEM...8175 F-1243 No Monogram VG. . .$10; VF.. .$25 F-1369 AU.. .S75 25¢ F-1279 CU...890 FOURTH ISSUE F-1281 XF-AU...$35; CU.. .$75 10¢ F-1257 XF. ..$12; AU...518; CU, CT...525; CU...530 50¢ F-1311 AU, SE at top...540 F-1258 AU.. .818; CU...832 F-1312 XF-AU. ..$35; AU...845; CU...875 F-1259 AU...520; CU, CT.. .525; CU.. .$32 SECOND ISSUE F-1261 F.. .$6; F-VF. .58; VF-XF. .510; AU...520; 5¢ F-1232 CU, CT...530; CU...540; CU, Jumbo CU.. .$32 Margins.. .575 15¢ F-1267 AU, off center...518; AU, faint age...830; F-1233 AU...825; CU...835 AU.. .$40; CU, sealed tear...825; CU, CT...545 10¢ F-1244 AU, pinhole...815; AU...525; CU, CT.. .830; F-1268 CU, CT. . .$40 CU...540 F-1269 XF-AU.. .530; CU.. .$60 F-1245 CU, CT...830 F-1271 CU, CT.. .$45; CU.. .S60 F-1246 AU...825; CU, CT...830; CU...840 25¢ F-1301 F.. .57; VF.. .512; VF-XF...814; CU, CT.. .$35 F-1249 Fibre Paper, Rare CU.. Al 00 F-1302 VF.. .812; XF.. .8!5; AU. . .525; CU. . .$45 25¢ F-1283 AU...835; CU, CT...845; CU...860 F-1303 CU, CT.. .$35; CU.. .$50 F-1284 VG...86 F-1307 VF-XF.. .814; XF...520 F-1285 AU...835; CU, CT...845 50¢ F-1374 VG.. .512; XF.. .850; AU, close trim.. .860; F-1286 CU, CT...845; CU...860 AU...885; CU, CT...8100; CU...8135 F-1287 VF.. .820 F-1376 VG...87; VG-F...89; XF-AU.. .$30; F-1289 CU GEM, Fantastic color.. 3200 AU, pinholes. . .$20; AU...835; CU, CT.. .550; 50¢ F-1316 AU...850; CU, only part of the "18" printed. An CU.. .865 incipient F-1315a?.. .8100 F-1379 VF. .812; XF.. .$18; XF-AU.. .$23; AU...835; F-1317 AU...550; CU, CT...865; CU...885 CU.. .S65 F-1318 AU...850; CU, CT on rev...875; CU. ..$85 FIFTH ISSUE F-1320 XF.. .S40 10¢ F-1264 Green Seal VF.. .815; VF-XF.. 118; XF-.. .522; F-1321 CU, close at bottom...8165 AU.. .$35; CU, CT.. .840; CU. . .$50 F-1322 AU. . .$75; CU, close all sides...5135 F-1265 XF-AU.. .$10; AU. . .$14; CU, CT.. .$18; THIRD ISSUE CU.. .$22 F-1226 XF. .816; XF-AU...820; AU.. .$24; F-1266 VF.. .$6; AU.. .$16; CU $24 CU, CT...830; CU...840; CU GEM...855; 25¢ F-1308 AU...816; CU, CT...820; CU...825 Uncut Pair VF-XF.. 335 F-1309 VF.. .86; XF.. .58; AU. . .$16; CU. . .$25 F-1227 CU, CT rev...835; CU GEM...8100 500 F-1381 VF.. .$10; XF-AU.. .818; AU...$25; CU.. .$38 5¢ F-1236 AU...$45 SPECIMENS F-1238 VG...85; XF. . .816; AU...830; CU, CT...835; 5¢ F-1231SP Narrow Margins (little to none!) AU Back & CU. . .$45; CU GEM...875 Front...820 F-1239 CU, CT.. .$45; CU...860 F-1232SP NM B & F. AU.. .$50 10¢ F-1251 AU...860; CU. . .$80 10¢ F-1244SP NM Front only AU...815 F-1253 VG...$18; AU. .350 50¢ F-1314SP NM B & F AU.. .$75 F-1254 CU, minor age...880 3¢ F-1226,7 Wide Margin Back only CU, with a number of F-1255 XF. .518; AU...830; CU, pinhole...825; microscopic pinholes...820 CU.. .$40 3¢ F-1227SP NM B & F. AU, tiny hole in front.. .$25 F-1256 CU, CT...540 25¢ F-1291,4 NM. Front and 2 Backs, red & green. AU, 3 25¢ F-1291 VG...$10 pieces.. .8120 F-1294 AU...830; CU...850 15¢ F-1272SP Front only, cut down from wide margin note. Never F-1295 AU...830 mounted. Ch. AU, with one corner fold...8150 50¢ F-1324 XF-AU.. .$35; CU.. .580; GEM.. .$125 F-1272SP Front. Wide Margin GEM...8240 F-1326 CU GEM...8125 15¢ Reverse. Green. Trimmed down from wide margin specimen. F-1327 VG...818 CU...585 F-1328 AU...860; CU.. .$115; GEM...8150 15¢ F-1274SP Front. Trimmed down from wide margin specimen. F-1329 CU GEM...8250 GEM.. .8200 F-1331 VF...825; CU...560 15¢ Reverses. Red. Trimmed down margins. Design nipped at right. F-1332 CU.. .8125 Unusual dry print. . .$40 F-1333 CU, CT...865 Red. Wide margins, AU, faint fold...8100 F-1334 XF...825 Red. Wide Margin Gem...5125 F-1335 XF.. .830; CU, tiny age mark.. .860 F-1339 VF.. .830; XF-AU...850; AU...570; 7-day return privilege. Ohio residents, add 4% sales tax. CU, CT...885; CU...8100; GEM...8135 Orders under $100 must include S1 toward postage and handling. F-1340 SF-AU...875 F-1341 VF.. .$30; CU, CT...8100; CU...8125 F-1342 VF-XF.. .840; XF. .855; AU...880; CU...8125; Don C. Kelly CU GEM.. .5160 F-1347 Fine.. 321; CU, CT.. .8125 Phone (513) 523-3805 Box 85 Oxford, Oh 45056 Whole No. 71 OBSOLETE CURRENCY (Continued From July Issue) MARYLAND $5. Susquehanna Bridge & Bank Co. S895 FINE $5. Same. S890 VG $10. Same. 1831. Payable at the Maryland Savings Inst. VG $1. Bank of Salisbury. 1854 S280 GOOD MASSACHUSETTS $7.50 86.00 59.50 $9.50 Cond. Price 10¢ Young's Hotel Y506 Boston Fine $5.00 85. Warren Bank, Danvers. Aug. 1, 1860 Red Five Fine $16.00 $2. Merchants Bank, Newburyport. 1852 VG $10.00 $5. Adams Bank, North Adams. A54 1861 Corner Repair VG $7.00 $1. Hampshire Bank, Northhampton. 1820 Fine $18.00 $1. Northampton Bank. May 25, 1863 Washington & Franklin VG $13.00 $5. Berkshire Bank, Pittsfield. 1806 B238 Fine $19.00 5,10,25,50¢ David Cowell, Ship Chandlery. Provincetown, 1862 XF Set $39.00 20¢ Mount Pleasant Apothecary Store, Roxbury, 1863. M508 AU $6.50 $1.50 Roxbury Bank. 1838 Serial #22 Rare Denomination. Fine $39.00 10,15,25¢ D.J. Bartlett, Chicopee Bank, Springfield. Nov. 1, 1862 Fine Set $17.00 MICHIGAN $1. Bank of Washtenaw, Ann Arbor. W144 VGF $5.00 $2. Same. W155 VF $7.00 $2. Same. W153 AU $7.00 $5. Same. W178 AU $8.00 $1. Bank of Clinton. C380 Michigan Removed. Fine $9.00 $3. Same. C3383 Michigan Removed. G/VG $9.00 $10. Bank of Manchester. M127 Fine $7.00 $10. Merchants & Mechanics Bank of Monroe. M209 AU $21.00 83. Bank of Chippeway, Soulte de St. Marie. 1838. Paper Eroded at Pres. Signature. Fine $13.00 $1. Tecumseh Bank. T230 CU $10.00 $5. Same. T237 XF $10.00 MINNESOTA $1. Treasurer of the State of Minn., St. Paul. 1858 Rarity 6. Tape Repair. Fine $59.00 MISSISSIPPI $20. State of Miss. CR#3B Fine $17.00 $10. Same. CR#4B Fine $17.00 810. Same. CR#30 VF $6.00 $3. Same. CR#42 CU $19.00 $2. Same. CR#43 XF $10.00 50¢ Same. CR#45 XF $9.00 $5. Same. CR#50 Hole Cancel. Fine $8.00 $5. Mississippi & Alabama RR Co., Brandon. Payable at the Girard Bank, Phila. Leggett #9. CU $14.00 $5. Same. Leggett #13 G/VG $12.00 $10. Same.Similar to Leggett #17, 17 Except "Their Banking House in Brandon" Written In. Rarity 7 Fine $75.00 Page 307 $10. Same. Leggett #20. Ink Erosion at Pres. Signature. R6 XF $69.00 $10. Same. Similar to Leggett #15 Except "At The Girard Bank Phila." Written In. Fine $39.00 $10. Same. Leggett #14 Fine+ $8.00 $20. Same. Leggett #21 VF $9.00 $25. Same. Leggett #26 Fine+ $19.00 $50. Same. Leggett #28 Fine $12.00 $100. Same. Leggett #32 Fine $16.00 75¢ Columbus Life & General Ins. Co., Columbus. Leggett #4 CU $12.00 $5. Mississippi and Alabama Real Estate Banking Co., Decatur. Leggett #4 Part of Corner Missing. AU $19.00 50¢ County of Jefferson, Fayette. Leggett #5. AU $18.00 $2. Mississippi & Tennessee RR Co. Grenada. LEggett #16 VG $22.00 $2. Mississippi Central RR Co., Holly Springs. Leggett #22 G/VG $4.00 10¢ Mobile & Ohio RR Co., Macon, Leggett #2 VG+ $30.00 $50. Planters Bank of the State of Miss., Natchez. Leggett #67 Monticello Written In. VG $39.00 $20. Bank of Port Gibson. Leggett #5 Stained VG $69.00 10¢ Southern RR Co., Vicksburg. Leggett #29 Corner Missing. Repaired. VG $15.00 $3. Same. Leggett #36 VG $18.00 50¢ Ruhinan & Co. Cents Furnishings. 127 Washington St., Vicksburg. No Date. XF $25.00 MISSOURI $20. Bank of the State of Missouri, Palmyra. 12 Aug. 1833. Very Rare. Small Holes, Repair. G/VG $79.00 $5. Terre Haute, Alton & St. Louis RR Co. 1859 XF $19.00 $10. Same. 1860 Small Punch Hole. XF $17.00 NEBRASKA $1. Bank of Desoto. D121 CU $10.00 83. Same. D160 CU $24.00 $1. Bank of Florence. F601 CU $10.00 $2. Same. F065 CU $12.00 $5. Same. F613 CU $11.00 83. City of Omaha. C126 CU $23.00 $5. Same. C131 VF $15.00 NEW HAMPSHIRE $1 Farming Bank. F88 CU $12.00 3¢ A.J. Tebbetts, Manchester. Jan. 1, 1863 (piece missing) Good $7.00 TO BE CONTINUED ORDERING INSTRUCTIONS 1-All material guaranteed as described. Seven day return included. 2-All orders mailed insured at no extra cost. 3-Phone calls will reserve notes. 6-10 PM EST only. 4-Money orders and cashiers checks preferred. WANTED: All obsolete currency, large type notes and all nationals. ARMAND SHANK, JR. BOX 233, LUTHERVILLE, MD. 21093 301-666-7369 EVENINGS ONLY Page 308 pi ntVIllimi , iii91111 MO 111110 mild mar Paper Money will accept classified advertising from members only on a basis of 50 per word, with a minimum charge of $1.00. The primary purpose of the ads is to assist members in exchanging, buying, selling, or locating specialized material and disposing of duplicates. Copy must be non-commercial in nature. Copy must be legibly printed or typed, accompanied by prepayment made payable to the Society of Paper Money Collectors, and reach the Editor, Doug Watson, Box 127, Scandinavia, WI 54977 by the 10th of t1ie month preceding the month of issue (i.e., Dec. 10, 1976 for Jan. 1977 issue). Word count: Name and address will count for five words. All other words and abbreviations, 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) RADAR AND REPEATER Notes Wanted: ( need many different Blocks, specially star notes. Will buy or trade. $1 and $2 FRN's only. All letters answered. Bob Azpiazu, Jr., P.O. Box 1433, Hialiah, Florida 33011 (76) WANTED: STOCK CERTIFICATES and bonds—all types—any quantity. Please write—I'm eager to buy! Ken Prag, Box 431PM, Hawthorne, California 90250 (74) NEW JERSEY OBSOLETE (Broken Bank) notes, sheets, scrip and checks wanted for my collection. I have some duplicates for trade. John J. Merrigan Jr., 2 Alexandria Drive, East Hanover, N.J. 07936 (79) WANTED DELAWARE LARGE and small size National Bank Notes also Lazy Two's any state. Write with full description and price, or trade interest. All inquiries answered. S.C. Michaels, P.O. Box 571, Quakertown, PA 18951 (71) WANTED: NEW HAMPSHIRE Colonial, Obsolete and Nationals. Also Second Charter $100 National from any state. Will buy or trade my Vermont Nationals, General Kenneth Stiles, Orford, NH 03777 (74) MISSOURI CURRENCY WANTED: Large-size Nationals, obsolete notes and bank checks from St. Louis, Maplewood, Clayton, Manchester, Luxemburg, Carondelet and St. Charles, Ronald Horstman, Rt. 2, Gerald, MO 63037 (74) 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. (73) Paper Money MORMON-SCOUT-OLD newspapers-documents wanted. Large quantities only. Harry L. Strauss, Jr., Box 321, Peekskill, NY 10566 (74) LOW NUMBERED $5 FRN 1974 Block F-D. All notes CU and under F00000200D. Would like to trade for my wants. Bob Azpiazu, Jr., P.O. Box 1433, Hialeah, Florida 33011 (75) WANTED WELLS FARGO 2nd competitor banks, fiscal documents, Certificates of Deposit, Bills of Exchange, Sight Drafts, checks. Anything to do with California gold rush. Steve Meier, 135 E. Lomita Blvd., Carson, CA 90745 (73) LARGE STAR NOTES wanted: F-92, F-119, F-120, F-257, F-303, F-321, F-322, any Gold Certificate*-B. Doug Murray, 326 Amos Avenue, Portage, Michigan 49081 (71) SMALL STAR NOTES wanted: Any with eight (8) identical digits, any $2 FRN with serial 00000474. Doug Murray, 326 Amos Avenue, Portage, Michigan 49081 (71) COLORADO AND CHICAGO area 1929 nationals wanted. Have over 200 nationals (large and small) to trade or will buy. Send for lists. John Parker, P.O. Box 3004, Denver, Colorado 80201 (71) WANTED: NEW YORK and Puerto Rico 1929 National Bank Notes small size. Will buy, or trade gold coins, and 1932-D and S-254. Walter Siegel, 31-45 70 St., Jackson Hgts, NY 11370 (74) SMALL SIZE NATIONALS wanted. Any state. Write first, all letters answered. Frank Bennett, 6480 NW 22 Court, Margate, FL 33063 (72) FRACTIONAL TYPE NOTES wanted in superb condition; 1st and 2nd issues, Spinners, Fessenden, Justice and Meredith, green seal. Henry Schlesinger, 415 East 52nd St., New York, NY 10022 (73) OLD STOCK CERTIFICATES! Catalog plus 3 beautiful certificates $2. Also eager to buy any quantity. Ken Prag, Box 531PM, Burlingame, California 94010 (80) CURRENCY MAIL BID, (Monthly) Nationals, Large, Small, Types Large. Over 200 notes. Many C.U.'s. Write for List. ANA. SPMC. PMCM. Ed's Crrrency, Box 7295, Louisville, KY 40207 (74) WANTED PAPER MONEY MAGAZINE. Need one copy of Issue No. 3, Vol. ff3 (Spring, 1964). C. Dale Lyon, P.O. Box #1207, Salina, Kansas. 67401 FREE PRICE LIST of U.S. obsolete banknotes and merchants scrip. Charles E. Straub, P.O. Box 200, Columbia, CT 06237. (71) STOCK CERTIFICATES, BONDS, U.S., foreign. 1 to 1,000,000 wanted. Describe, give quantity available, asking price. Clinton Hollins, Box 112, Dept. J24, Springfield, VA 22150 (75) STOCK CERTIFICATES, 12 different $2.95, 50 different $14.95. Old checks, 24 different $2.90, 100 different $14.90. List 250. Hollins, Box 112, Dept. J23, Springfield, VA 22150 (75) 8-PAGE price-list $1. Wanted to buy or trade CU or circulated short-run FRN serials over 99840000 also $2 stars and error notes. James Seville, Drawer 866, Statesville, NC 28677 (73) WANTED: Books, auction catalogs, documents, back issues of "Paper Money" and other publications related to US Large, Small, Fractional and Obsolete currency. Also interested in purchasing various US Banknotes. Write to Jerry Lewicki, Box 372M, Rochester, New York 14602. (71) WANTED: PINE TREE auction catalogs and prices realized. Altman-Haffner 4-28-75, Elizabeth Morton 10-18-75, John Carter Brown 5-22-76. Write and advise condition and price. S. Chapman., 28 Riverside Ave., Red Bank, NJ 07701. REMEMBER DEC /se Because Math the next 4D DE4DUNE WANTED KANSAS NATIONALS Att4iiso*Nalkm$ 1 TYPE NOTES WANTED Any Original Series $10 V.G. or better pay . . . 700 Any Original Series 520 V.G. or better pay . . . 900 Any Series of 1875 550 V.G. or better pay . . . .2500 Any Series of 1875 5100 V.G. or better pay .2500 Any Brown Back $100 V.G. or better pay 900 Any 1882 Dated Back $50 V.G. or better pay . .1000 Any 1929 Type II $50 V.G. or better pay 700 CHARTER NUMBERS WANTED We will pay $350 for any of the following Charter Numbers, any type in VG or better. #1448 #3066 #3521 #3706 #3833 #6326 #1732 #3090 #3524 #3726 #3835 #6333 #1828 #3108 #3531 #3737 #3844 #6392 #1838 #3148 #3542 #3745 #3852 #7218 #1913 #3194 #3559 #3748 #3853 #7412 #1927 #3199 #3563 #3751 #3861 #7535 #1957 #3213 #3564 #3756 #3880 #8107 #2001 #3249 #3567 #3758 #3888 #8308 #2192 #3265 #3569 #3759 #3900 #8339 #2427 #3277 #3577 #3769 #3928 #8357 #2538 #3360 #3594 #3775 #3963 #8525 #2640 #3384 #3596 #3776 #3970 #8974 #2809 #3386 #3612 #3787 #3992 #9097 #2879 #3394 #3630 #3790 #4032 #10902 #2954 #3431 #3649 #3791 #4036 #11047 #2973 #3440 #3657 #3795 #4150 #11154 #2990 #3443 #3658 #3803 #4288 #11887 #3002 #3473 #3667 #3805 #4317 #14163 #3018 #3509 #3695 #3807 #4619 #3035 #3512 #3703 #3812 #6072 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. If you are selling rare Kansas Nationals elsewhere you are not getting top dollar. We Also Want Uncut Sheets of Kansas Nationals JOE FLYNN [IMF COINS IBC. P. O. BOX 3140 • 2854 W. 47TH STREET KANSAS CITY, KANSAS 66103 PHONE 913-236-7171 Whole No. 71 Page 309 WANTED: Xerox copies, or full-size photographs; notes of S.W. & W.A. Torrey, dated 1861. Will compensate for same. Quantities needed for basic research project. W.S. Dewey, 11B Snowberry Lane, Whiting, NJ 08759 (72) WANTED OBSOLETE CURRENCY of the Merchants and Planters Bank of Savannah, Georgia. Please describe and price in first letter. Gary Hacker, 2710 Overhill Road, Pekin, IL 61554 (73) WANTED DELAWARE LARGE and small size National Bank Notes also Lazy Two's any state. Write with full description and price, or trade interest. All inquiries answered. S.C. Michaels, P.O. Box 27, Maple Glen, PA 19091 (71) CONFEDERATE NOTES AND BONDS, Southern States and Obsolete notes for sale. Our latest list available for large SASE. We want to buy also! Ann & Hugh Shull, 246 McDonnel Sq., Biloxi, MS 39531 (73) WANTED: Louisiana, Florida, Mississippi and Exchange Bank of Virginia obsolete notes. Will buy or trade. Describe and price in first letter. George Fuderer, Apt. 102, 6116 Breezewood Dr., Greenbelt, MD 20770 WANTED: GILLESPIE NATIONAL BANK, Gillespie, Illinois, Charter Number 7903 notes. Large or small size, any denomination, any condition. Robert Gillespie, 433 Surrey Dr., Lancaster, PA 17601 (73) WANTED: CONFEDERATE CURRENCY. I am an active buyer who appreciates fine quality material. I am also very interested in purchasing Slave Bills of Sale and other related documents. Wayne T.Hahn, 2719 Morris Ave., Bronx, N.Y. 10468 (75) WANTED BADLY, the following back issues of "Paper Money"; whole numbers 1 through 13, also number 16. Please price and I'll let you know. Claud Murphy Jr., Box 921, Decatur, GA 30031. ------ ------- ----- — WANTED: State of Georgia Criswell #9 and #10. Pay minimum of $300.00 each for fine condition. More for higher grades. Also can use #16, #17, and #20. Always interested in better Georgia material. Claud Murphy Jr., Box 921, Decatur, GA 30031. 75 WANT TOMS RIVER NEW JERSEY: The Union Bank. Also other Toms River Obsoletes, Nationals, scrip, and checks before 1930. Will buy or trade. Bob Mitchell, 2606 Lindell Street, Silver Spring, Maryland, 20902. DO IT NOW Members are urged to fill out and return the dues notice that is inserted with this issue. Please do it right away so you don't forget. Page 3 10 Paper Money MIME - I am interested in Coins/Banknotes (delete not applicable). I am especially interested in I Name (BLOCK LETTERS PLEASE) Street City PMZipState MIN =MI MOO - NMI - Stanley Gibbons have something to tempt the most discerning collector. NT/ SSO specimen of the Chartered Bank of India, Australia and China printed by Waterlow and Sons London. Sicily. Queen Philistis. (274-216 BC) Silver 16 Litrae with portrait of Queen Philistis. PTV 1101.1%/1 Stanley Gibbons Currency are the world's leading specialists in paper money and experts on coins of all periods. Call in at our showrooms and view at your leisure our large stocks which include banknotes from almost every country of the world together with some of the most ancient and beautiful coins ever produced. Our staff are always available to offer expert advice if required. Alternatively write for literature and latest price lists. STANLEY GIBBONS CURRENCY LIMITED 395 STRAND, LONDON, WC2R OLX BOX 911 GLEN ROCK, N.J. 07542 ARE YOU ON OUR MAILING LIST? COLONIAL PAPER MONEY & COINS WE OFFER: A BIMONTHLY MAIL BID SALE A FIXED PRICE LIST COMMISSION AGENT AT AUCTIONS WE SOLICIT YOUR WANTS, WE WILL BUY COLLECTIONS Address your inquiries to Ed. Leventhal C/c• J. J. Teaparty MEMBER P.N.G. ANA SPMC 43 BROMFIELD ST BOSTON MA 02108 LARGE SIZE CURRENCY LEGAL TENDERS F-107 Ch CU 8475 F-237 Ch CU $32.50 FEDERAL RESERVE F-16 CU $295 F-112 VF $115 F-238 Ch CU $38.50 F-753 Circ $55 F-18 CU $275 F-120 VG $50 F-238 AU $18.50 F-754 Circ $55 F-29 Ch CH $140 F-122 F $65 F-242 Ch CU $525 F-756 Circ $55 F-40 Unc $100 F-122 VF S75 F-245 VF 8235 F-761 Circ $65 F-40 AU $70 F-250 VG/F $30 F-767 CU $175 F-52 CU $175 SILVER CERTIFICATES F-253 VG/F $30 F-773 Circ $75 F-S 6 CU $175 F-215 Ch CU $275 F-258 CU $195 F-60 Ch CU $75 F-217 Ch CU $295 F-258 VG $25 NATIONAL CURRENCY F-60 AU $40 F-218 Ch CU $295 F-262 CU Sm Stain Penn Orig Ser #675 F-60 XF $30 F-219 Ch CU on Margin $1100 $10 VF $350 F-64 Ch CU $350 Scarce $375 F-273 XF $100 Conn 1875 Ctr 1165 F-82 CU $200 F-224 AU $125 F-280 VG $50 $10 VF $300 F-86 VG Rare $65 F-225 XF $95 F-281 VF $85 N.Y. 1882 Ctr 2608 F-91 Ch CU $75 F-226 Ch CU $85 F-282 F $85 $5 DB F $175 F-96 F/VF $225 F-233 AU $20 N.Y. 1902 CRT 5137 F-99 VF Rare $295 F-236 VF $12.50 $20 F $75 Choice CU Type Notes WANTED Orders under $100 add postage. Satisfaction guaranteed 5 day return privilege. All notes kept in bank vault. LOU RASERA SPMC Whole No. 71 Page 311 ,lei 1e0ep National Bank Currency atulices We are interested in small and large nationals of these towns in Bergen county: (J; Allendale Bergenfield Bogota Carlstadt Cliffside Park Closter Dumont Engelwood Edgewater Fairview Fort Lee Garfield Glen Rock Hackensack Hillsdale Leonia Little Ferry Lodi Lyndhurst North Arlington Palisades Park Park Ridge Ridgefield Ridgefield Park Ridgewood Rutherford Ramsey Teaneck Tenafly Westwood Wyckoff West Englewood (EaMern Coin (Excbange 3Inc. ANA LM 709 PH. 201-342-8170 72 Anderson Street Hackensack, N.J. 07601 WANTED 1. D. C. Obsolete Currency 2. Small Size Currency with Serial numbers 00000081, 00000082, 00000084 3. Also wanted D. C. Nationals 4. Buying Maryland Colonial Notes Julian Leidman 8439 Georgia Avenue, Silver Springs, Md. 20910 (301) 385-8467 Page 312 Paper Money georgic obsolete currency wanted FORSYTHE County of Monroe, any note. Monroe R.R. & Banking Co., (Branch), any note. FORT GAINES Fort Gaines, any note. FORT VALLEY Agency Planters Bank (Scrip), any note. GAINESVILLE City of Gaineville, any note. GEORGETOWN John N. Webb, any note. GREENSBOROUGH D.B. Lanford, any note. BANK OF THE STATE OF GA (BRANCH) (RARE) Pay high, any note. BANK OF GREENSBOROUGH, any note. GREENVILLE. County of Mcrriwether, any note. GRIFFIN City Council of Griffin, any note. County of Spaulding, any note. Exchange Bank, any note. Interior Bank, any note, also CONTEMPORARY COUNTERFEITS. Monroe R.R. & Banking Cu. (Branch), any note. HAMILTON Harris County (HAMILTON NOT ON NOTES), any note. The following is a partial wantlist of Georgia currency wanted for my collection. I will pay fair and competitive prices for any Georgia notes. If you have Georgia currency for sale, please write, or send for my offer. Any material sent for offer, held until my check is accepted or refused. GRIFFIN City Council of Griffin, any note. County of Spaulding, any note. Exchange Bank, any note. Interior Bank, any note, also CONTEMPORARY COUNTERFEITS. Monroe R.R. & Banking Co. (Branch), any note. HAMILTON Harris County (HAMILTON NOT ON NOTES), any note. HARTWELL Hart County, any note. HAWKINSVILLE Agency Planters Bank (Scrip), any note. Bank of Hawkinsville, any note. Pulaski County, any note. JACKSON Butts County, any note. JONESBORO' Clayton County, any note. JEFFERSONTON (Scrip), any note. LA FAYETTE Western & Atlantic R.R., any note. LA GRANGE La Grange Bank, any note,—DON'T WANT "RECONSTRUCTIONS." LUMPKIN Stewart County, any note. HARTWELL Hart County, any note. HAWKINSVILLE Agency Planters Bank (Scrip), any note. Bank of Hawkinsville, any note. Pulaski County, any note. JACKSON Butts County, any note. JONESBORO' Clayton County, any note. JEFFERSONTON (Scrip), any note. LA FAYETTE Western & Atlantic R.R., any note. LA GRANGE La Grange Bank, any note,—DON'T WANT "RECONSTRUCTIONS." LUMPKIN Stewart County, any note. MACON Bank of Macon, any note, especially notes payable at Branch in Bank of Middle Georgia, any note. BANK OF THE STATE OF GA. (BRANCH), (RARE) pay high, any note. BILL OF EXCHANGE (Issued from Charleston S.C.) any note, especially signed. Central R.R. & Banking Co. (Branch), any note. City Council of Macon, any note. City of Macon, any note. Commercial Bank, any note. D. Dempsey, any note. Exchange Bank (1893), any note. claud murphy, jr. Member of the ANA for 18 years, No. 31775.BOX 921 DECATUR, GEO. 30031 PHONE 1404) 8767160 After 5:30 EST Whole No. 71 Page 313 U.S. PAPER MONEY LARGE SIZE LEGAL TENDER NOTES F-237 Si CU 35.00 F-16 $1. AU+ Soft corners, light corner fold. .5219.00 F-238 S1 CU 35.00 F-17 $1 VF 115.00 F-268 55 F Well centered, light ink traces F-36 S1 AU 30.00 front and back 165.00 F-38 Si AU 30.00 F-269 $5 F 215.00 F-41 52 VG 70.00 F-274 $5 VF 140.00 F-51 $2 CU Well centered, aging at margins 135.00 F-278 $5 EF+ 170.00 F-88 $5 AU Bright, small back spot 45.00 F-91 F-122 $5 $10 AU+ Full margins, bright CU Bright and choice 45.00 390.00 F-1173 $10 GOLD CERTIFICATES AU+ Well centered 90.00 SILVER CERTIFICATES F -1173 $10 VG 25.00 F-224 Si EF 140.00 F-1180 520 F 170.00 F-2 , 4 51 VG 20.00 F-1181 S20 F 60.00 F-235 $1 AU Bright, full margins 28.00 F-1187 $20 AU 135.00 NATIONAL BANK NOTES CALIFORNIA $20 1929 VF San Francisco, Bank of America, Ch. #13044 $ 32.50 $20 1929 Abt. F San Francisco, Bank of America, Ch. #13044 23.00 $20 1882DB F+ San Francisco, Wells Fargo Nevada N.B., Ch. #5105 (F-555) 249.00 DELAWARE $5 192941 AU Dover, First N.B., Ch. #1567. Bright and choice 180.00 ILLINOIS 51 Orig. F+ Alton National Bank, Ch. #1428 (F-380) 325.00 5100 1929 VF Peoria, Commercial Merchants N.B., Ch. #3296, Serial D001212A . . . 157.00 IOWA $50 1929 Abt. F Winterset, First N.B., Ch. #2002, Serial F000162A 97.00 KANSAS Si 1875 Abt. F Emporia, First N.B., Ch. #1915 (F-383) 229.00 $5 192941 CU Wichita, First N.B., Ch. #2783, smudge 49.00 KENTUCKY $5 1882VB F+ Louisville, N.B. of Kentucky, Ch. #5312 (F-574) 249.00 MASSACHUSETTS 510 1882DB AU Boston, National Shawmut Bank, Ch. # 5155 (F-545) 295.00 55 192941 VF New Befford, Merchants N.B., Ch. #799 29.00 55 1929-11 CU Easthampton, First N.B., Ch. #428 . 42.00 NEW YORK 520 1929 CU Cooperstown, First N.B., Ch. #280. 70.00 $10 1929 AU New York, Public N.B., Ch. 11034, close trim 22.00 $20 1902RS VG New York, National City Bank, Ch. #1461 (F-648) 65.00 $10 1929 EF Elmira, First N.B., Ch. #149 29.00 520 1929-11 VF Cortland, N.B. of Cortland, Ch. #2272 45.00 OHIO 510 1929 CU Toledo, First N.B., Ch. #91 27.00 $20 1929 VF Ashtabula, Marine N.B., Ch. #4506 35.00 I would also like to purchase your National Bank Notes. Please write if you have material for sale. While I am buying all states I particularly need items from Oklahoma, Colorado, South Dakota, Wisconsin, Binghampton and Westchester County, New York and rural Ohio banks. FRACTIONAL CURRENCY 3 CENT NOTES F 1251 CU )1100 113, 1 . . . 45.011 F-1226 AU+ S 2 5.05 I, 1'53 CU 70.00 F-1226 AU paper aging 211.110 F.1 253 AU+ clinicv 6' 1111 F.I226 17.00 1- 1255 CU 42.00 F-1226 V 1'- .11(1 F.1255 AU+ ,I ■tl i,, 27.00 F-1227 CU Clow II int 55.00 F•1256 VC 10.00 F-1227 14.00 I. 1259 AU+ chant, 29.00 V 4 261 AU 25.00 1 -.1261 VI- 17.011 5 CENT NOTES F.1264 AU+ 29.011 F-1230 CU 35.00 1-•1264 AU nl.mginlhip 20.50 F-1230 AU+ 25.1/11 1. 1269 LI- 15.00 F-1230 AU 19.00 F - 1266 NU+ '2.00 F•1230 FE pi011010s 15110 1- .1 266 F1 16.00 F-1230 CF 11.00 F•1230 8.00 25 CENT' NO FES F-1231 F-1232 F.1232 F•1238 CU Chow tin. FF si0011 ic . it A U+ 9.00 38.00 15.00 32.00 '•1279 512+ - 1279 A U -1 -2.111 CU -.1283 ( Llgssc 111111 Imhi print 69.00 57 00 57.00 27.00 F•1238 AU dose trim 25.00 1284 AU+ -12.85 CU oh'. trim 35310 64.00 .1285 AU 39.00 10 CENT NOTES -1288 1 I'. NI nu, 34. 110 F-1242 AU "2.00 .1"89 ins 44.1111 F-1242 IT 18.1111 12'1.1 CU 47.110 F-1242 F.1245 VF+ AU+ 14.00 23.00 F-) 29-I CU 1/.1"/4 AU+ hos, 4100 2900 F 1245 AU 19.1111 F 1'18 VI '+ 55110 1.1117 AU . .....30.00 1331 AU+ 1 . 1311') 1.1 13.511 I 1 147 CU 1- 1309 F. 9.00 1 .1155 CU 1-.1368 CU 50 CENT' NOTES 81 374 V 1r I. -1 310 AU+ 77.00 F-1376 AU FT 312 AU+ 58.00 1--I 376 FF. F-1317 AU+ p.lper Aging 35,00 F-I 379 AU F - I 128 CU 1, 11m, .1891g 94551 F.1380 CU F .1 S2S AU 57.00 E.1381 AU+ Money orders will receive same day shipment. Any item which fails to fully satisfy may be returned within seven days for a full refund. Wisconsin residents should add 4% sales tax. 1 would also like to buy and especially need choice 1st issue fractional without the monogram, material with the "1" and/or "a" design figures, and nice Justice and Spinner Notes. Please be in touch if you have items you would like to consider selling. KEVIN S. FOLEY BOX 589 MILWAUKEE, WI 53201 pats, Aging p.m, .iging . 67.00 papa 1)10 0 1 67.011 161110.. I. No.,. !rim . 12300 45.011 40.00 30_00 ■1:11 q 38.00 00.151 choit c 29.00 CONFEDERATE CURRENCY BONDS 16 Different Bonds $495.00; 13 CSA, 3 S.C. STATE Bonds. Write for list. DEN TYPE DESCRIPTION 1006 5 UNC 5130.00 13 AU 22.50 EF 20.00 VF 17.50 FINE 12_50 39 UNC 8.50 EF 750 VF 6.50 FINE 6.00 49 AU 40.00 56 UNC 30.00 AU 27.00 65 UNC 7.50 AU 7.50 VF 6.50 FINE 600 50$ 8 UNC 22.50 AU 20.00 EF 17.50 VF 15.00 14 EF 17.50 VF 15.00 15 FINE+ c/c 5575.00 VF c/o/c, expertly repaired 6495.00 16 EF eic 35.00 VF c/c 25.00 FINE c/c 20.00 57 UNC 30.00 AU 25.00 VF 17.50 VF cic 10.00 66 UNC 6.50 EF 5.50 VF 5.00 20S 9 EF 17.50 VF 12.50 VG 7.50 17 AU 6110.00 VF 90.00 FINE+ 80.00 EF 6100.00 18 UNC 11.00 AU 9.00 VF 7.50 FINE 6.50 VG 5.00 19 VF 6450.00 scarce, nice 20 EF 8.50 VF 7.50 51 VF 20.00 FINE c/c 7.50 58 VF 9.50 FINE 7.50 AU c/c 9.50 EF c/c 8.00 VF c/c 6.50 FINE c/c 5.00 67 UNC 4.00 EF 3.50 VF 3.00 106 10 F/VF 35.00 22 VF 90.00 FINE+ 75.00 FINE 70.00 23 FINE 6175.00 nice color 26 AU 50.00, solid overprint 26 FINE 27.50 VG 17.50 course lace T 26 FINE 27.50 fine lace 29 VF 35.00 FINE 30.00 46 VF 17.50 FINE 15.00 52 AU 9.50 EF 8.00 VF 6.50 59 EF 7.50 VF 6.00 68 UNC 3.50 ES 3.00 VF 2.50 DEN TYPE DESCRIPTION 5S 31 VF 90.00 FINE 75.00 VG 50.00 32 FINE $175.00 VG/FINE, two inch tear repaired reverse 75.00 33 FINE c/o/c 15.00 34 EF 55.00 UNC c/c 50.00 FINE+ c/c 25.00 G/VG 15.00 53 EF 7.50 VF 6.50 T53 Error: #385 Letters: C G VF 6125.00 60 EF 7.50 VF 6.00 69 UNC 3.50 EF 3.00 VF 2.50 2$ 42 UNC 30.00 AU 25.00 EF 20.00 FINE 12.50 VG 7.50 45 FINE+ 25.00 54 UNC 75.00 AU 45.00 FINE 25.00 VG 15.00 70 UNC 8.50 EF 7.50 16 44 VG 7.50 45 VG 15.00 GOOD 9.50 55 UNC close trim 20.00 VF 62 UNC 35.00 AU 27.50 EF 22.50 VF 17.50 FINE 12.50 71 UNC 9.00 AU 8.00 506 63 UNC 7.50 EF 5.50 VF 4.00 72 UNC 5.00 AU 4.00 EF 3.50 1865 CHEMIGLYPHIC BACKS printed from plates captured by a Union blockade ship 1864 610,000 Certificate of Deposit 8" x 6" VF 20.00 1861 Counterfeit Notes: 15 different-write for list. c/c = cut cancel c/o/c = cut out cancel • Orders placed within 30 days may deduct 10% from above regular prices. • Place an order from this list and recieve a copy of the next price list. • Please send WANT LIST of types needed (or list notes you have) condition desired? • Sortie notes one only and subject to prior sale. Approvals on request. • Enclose adequate postage and insurance (minimum 50d1. • Other price lists with 13d SASE: Obsolete and broken bank Indicate states of interest), and U.S. Fractional. Donald E. Embury SPMC 3791 P. O. BOX 61, WILMINGTON, CA 90748 uoo© add c@cauri® Series of 1928 F-2407 • Note has a partial bank stamp on reverse and grades X.F. $1,300 or highest offer. Ten day return. Michael A.Tramte SPMC 4632 ANA LM 2093 2141 North 53rd Street, Milwaukee, WI 53208 Collector/Dealer Since 1935 SPMC #38 WANTED Large-Size Wisconsin National Bank Notes Universal Numismatics Corp. FLOYD 0 /ANNE' LM No 415 P.O. BOX 443 RICHLAND CENTER, WI 53581 Society Certified Professional Numismatists WANTED NEW JERSEY LARGE & SMALL SIZE NATIONAL BANK NOTES Please Write with Description and Price Please Include: Charter Number, Denomination, Friedberg or Donlon No., Condition ROBERT SI" T132 HEARN Phone Evenings: (201) 488-2138P 0 Box 233, Hackensack, N.J. 07602 Mb.I.V1.17■741, ALUI11111dSt 844s 15511 t1111.1111 tNHCISS r Oft* .10MIN FIFTY INOLLUilti ;'' 128 , 1 / Page 314 Paper Money OVER TI- RIKE D As America's Largest Dealer in Obsolete Currency Means Very Simply That .. . OROTER CMS CAN HELP YOU BUY OR SELL! ELL CONFEDERATE AND SOUTHERN STATES CURRENCY LATEST EDITION (1976) , (Autographed if You Wish Revised, 300 Pages, Hard Bound. $15 Phone AC 904 685-2287 ROUTE 2 BOX 1085 CRISWELL'S FT. McCOY, FL 32637 Whole No. 71 Page 315 BANKNOTES ARE OUR BUSINESS IF YOU ARE SELLING: We are seriously interested in acquiring large size and scarcer small size United States paper money. We are interested in single items as well as extensive collections. We are especially in need of national bank notes and we also buy foreign paper money. If you have a collection which includes both paper money and coins, it may prove in your best' financial interest to obtain a separate bid from us on your paper money as we deal exclusively and full time in paper money. We will fly to purchase if your holdings warrant. IF YOU ARE BUYING: We issue periodic extensive lists of U.S. paper money, both large size, small size and fractional. Our next list is yours for the asking. The VAULT Frank A. Nowak SPMC 833 P. 0. Box 2283 Prescott, Ariz. 86302 Phone (602) 445-2930 Member of: ANA, PMCM, CPMS THERE COMES A TIME.. . .when every collector decides to thin out or liquidate his collection. Parting with memorable and interesting material is never easy, and in most cases the collector will not ever know the new owner of his material. Selling or auctioning to "unknown parties" until now was about the only choice he had. Now there is a better choice! Your material can be integrated into the largest active collection of New England obsolete notes being assembled today. Your material will still remain available for exhibit and research purposes. Selling your collection or duplicates to someone who knows and appreciates that material is the better choice! Paying generously for nice material. Please contact me. I know you will be glad you did! Specializing in obsolete and broken bank notes and scrip of the New England States. Duplicates for sale or trade—will send on approval. C. JOHN FERRERI P. 0. BOX #33, STORRS, CONN. 06268 A.N.A. 1-203-429-6970 SPMC If you are not on our mailing list, write today for your free copy of our latest 48 Page offering of notes, and send us your WANT LIST. SELL HARRY YOUR MISTAKES Harry wants to buy Currency Errors Also Interested in Buying Nationals ... Large and Small size Uncut Sheets Red Seals Type Notes Unusual Serial numbers HARRY E. JONES PO Box 42043 Cleveland, Ohio 44142 216-884-0701 SMALL SIZE MINNESOTA NATIONAL CURRENCY WANTED CANBY, 1st Nat. B. #6366 COLD SPRING, 1st Nat. B. #8051 • COTTONWOOD, 1st Nat. B. #6584 • DEER RIVER, 1st Nat. B. #9131 GRAND MEADOW, 1st Nat. B. #6933 HENDRICKS, 1st Nat. B. #6468 KERKHOVEN, 1st Nat. B. #11365 • LANESBORO, 1st Nat. B #10507 • MADISON, 1st Nat. B #6795 • MANKATO, Nat. B. Commerce #6519 McINTOSH, 1st Nat. B. #6488 MINNESOTA LAKE, Farmers Nat. B. #6532 • OSAKIS, 1st Nat. B. #6837 PARK RAPIDS, Citizens Nat. B. #13392 • PIPESTONE, Pipestone Nat. B. #10936 • SAUK CENTER, 1st Nat. B. 3155 • WENDALL, 1st Nat. B #10898 'nose notes with dots indicate large size notes for trade. JOHN R. PALM 6389 ST. JOHN'S DRIVE EDEN PRAIRIE, MINN. 55343 FLORIDA NOTES WANTED ALL SERIES Also A Good Stock Of Notes Available P. O. BOX 1358, WARREN HENDERSON VENICE, FLA. 33595 Isalte.uth ,Palaaazsw...-tx 144111.0kgr ni "AT*IS pg'*g 41$e 3tioT e 11111.11 9!i^f11^I i1 it,Nk;i' (Bank Notes, Script, Warrants, Drafts) of the AMERICAN WEST Oregon, California, Idaho, Nevada, Arizona, Utah, Montana, New Mexico, Colorado, Dakota, Deseret, Indian, Jefferson Territories! Cash paid, or fine Obsolete Paper traded. Have Proof notes from most states, individual rarities, seldom seen denominationals, Kirtlands, topicals; Colonial, Continental; CSA, Southern States notes and bonds. Also have duplicate Western rarities for advantageous trade. JOHN J. FORD, JR. P.O. BOX 33, ROCKVILLE CENTRE, N.Y. 11571 WANTED OBSOLETE PAPER MONEY 01,11% I ti ;/ jj Page 3 16 Paper Money SMALL-SIZE MASSACHUSETTS NATIONAL CURRENCY WANTED #1386 Abington #268 Merrimac #462 Adams #866 • Milford #4562 Adams #13835 Millbury #1049 Amesbury #383 Northampton #2172 Athol #1279 Northbourgh #3073 Ayer #5964 • Pepperell #969 Beverly #1260 • Pittsfield #684 Milton-Boston #4488 Reading #11347 Braintree #934 Southbridge #11270 Chelsea #2288 Spencer #14087 Chelsea #2435 • Springfield #7452 Danvers #1170 • Stockbridge #7957 Edgarton #947 Taunton #490 • Fairhaven #688 Waltham #9426 Foxboro #2312 Webster #14266 Haverhill #13780 Webster #13395 Hyannis #769 • Whitinsville #4774 Ipswich #4660 Whitman #1329 • Lowell #11067 • Woburn #697 Lynn #14033 Woburn #1201 • Lynn Those notes with dots indicate large size notes for trade. JOHN R. PALM 6389 St. John's Drive Eden Prairie, Minnesota 55343 Whole No. 71 Page 317 BANKNOTE COLLECTORS WE SPECIALISE IN Irish Banknotes WRITE NOW FOR OUR COLLECTORS LISTINGS David Heable&Co 38 CLYDE ROAD, CROYDON. SURREY, U.K. TEL:01 656 2219 & 01.657 7543 Historical•Documents•Cheques -Shares British•Colonial.Banknotes Foreign•Banknotes VIRGINIA OBSOLETE NOTES 2.00 Bank of Va. 1862. Norfolk br. V.F. . $12.00 1.00 Brunswick County, 1862. Unc 14.00 5.00 Bank of Valley, 1856. Leesburg br. F 11.00 2.00 Bank of Old Dominion, 1862. Fine. . 12.00 10¢ Rockingham County, 1862. Fine . . . 14.00 25¢ City of Petersburg, 1861. Unc 11.00 1.00 Farmers Savings Bank, 1861. Fine . . 16.00 1.00 Bank of Richmond, 1862. Fine 20.00 10.00 Bank of Va., 1848. Lynchburg br. F 12.00 2.00 Corp. Fredericksburg, 1861. V.F.. . . 11.00 104 Botetourt County, 1862. A U 11.00 1.00 Bank of Commonwealth, 1861. Fine. . . 7.00 1.75 Bank of Commonwealth, 1862. V.F.. . 13.00 2.50 Bank of Commonwealth, 1862. V.F.. . 14.00 1.00 Halifax County, 1862. Fine 32.00 5.00 Central Bank of Va. 1860. V F. 7.00 20.00 Central Bank of Va. 1860. V F 7.00 75¢ Lunenburg County, 1862. Unc. 10.00 75¢ City of Richmond, 1862. V.F. 3.00 1.00 Mechlenburg County, 1862. V.F.. . . . 12.00 1.00 Bank of Va. 1862. Richmond br. V.F.. 10.00 Notes of most states in stock. Send want lists for colonial, Continental, obsolete ans scrip. RICHARD T. HODDER P.O. Box 196, Newfoundland, Penna. 18445 Fractional Currency selling: High quality and/or scarce notes, fully described and attributed. New list available on request, or send your want list. buying: Nice condition fractional and/or related material, etc. Write first, with description. Tom Knebl, ANA, SPMC, NASC, CSNA. Classic dept. P Box 5043 Santa Ana, Calif. 92704 Page 318 Paper Money NATIONAL CURRENCY A few items of National Currency are offered for sale to the specialized collector. If you enjoy rarity or would like to add a focal point to your collection, maybe one of the following will interest you: $5 and $10 BROWNBACKS issued by the Farmers and Mechanics National Bank of Philadelphia, Charter 538. This is an interesting and very beautiful pair of notes. The bank officers' signatures are the same, but the layouts are entirely different. An excellent pair to display because of the layout variations. Notes are F-467 and F-480 and both grade AU. $500 $50 BROWNBACK with the extremely rare Rosecrans-Morgan signatures (F-514) issued by the First National Bank of Elgin, Illinois, Charter ti 1365. In 1972, Lester Merkin sold at auction the Hessler Plate Note of the $50 Brownback, which was issued by the same bank and is a duplicate of the note offered here. Quoting from Merkin, "of the highest rarity ... certainly the first F-514 on any state to be auctioned since the Grinnell sale, and the first on Illinois ever recorded. .... one of the most important currency discoveries of the last twenty years." The Hessler plate note sold by Merkin was described as having corner crease and center fold ... The one offered now is crisp and new. A trace of ink from the bank officers' signatures can be seen on the reverse, keeping the note from being called a GEM. Would this be a good addition for your collection? $5,500 UNCUT SHEET OF $5 THIRD CHARTER NOTES issued by the First National Bank of Silver Creek, NY, Charter #10159. The notes are F-602 signed by Napier-McClung with the no-dates reverse. The sheet is bright as new but has been folded horizontally between each note; folds are visible only from the rear. Large top and bottom margins with printer's marks are intact. Pen signatures! $700 ANOTHER UNCUT SHEET OF $5 THIRD CHARTER NOTES, this one issued by the Cherry Creek (NY) National Bank, Charter 10481. These notes are F-605 bearing the Parker-Burke signatures. Bank officers' signatures are bright, sharp and by pen, as on the sheet above. This sheet has a couple light wrinkles due to handling but no folds between notes. How often can you find Third Charter sheets—pen signed—issued by small-town banks? This one is a credit to a y collection. $850 SPMC # 3240 WILLIAM P. KOSTER ANA #70083 8005 SOUTH CLIPPINGER DRIVE, CINCINNATI, OH 45243 Home: 513/561-5866 Office: 513/271-5100 GWYNNE & DAY REPRINTED We are pleased to announce that we are reprinting a number of reference books for obsolete paper money collectors. The first of these is THE DESCRIPTIVE REGISTER of GENUINE BANK NOTES by Gwynne & Day 1859. This book gives descriptions of over 9000 different bank notes from 31 States & territories plus 24 Canadian banks. It identifies notes that are known to have been counterfeited. Also the active (or current) banks in each State or Territory are listed. This book is a must for Obsolete Bank Note Collectors. THE DESCRIPTIVE REGISTER of GENUINE BANK NOTES by Gwynne & Day 1862 - Available May 1977 $15.00* OTHER BOOKS WE ARE PUBLISHING HODGES AMERICAN BANK NOTE SAFEGUARD - 1864 Lists of 9800 notes - Available September 1977 $15.00* DYE'S BANK NOTE DELINEATOR - 1855 Lists over 7500 notes - Available Spring 1978 Other titles will be announced later. All books are cloth bound. PENNELL PUBLISHING COMPANY P.O. Drawer 858 Anderson, South Carolina 29622 *S.C. residents add 4% S.C. sales tax. PAYING TOP DOLLAR WANT CHOICE U.S. PAPER CURRENCY COMPLETE COLLECTIONS OR SINGLES NO COLLECTION TOO LARGE OR TOO SMALL PAYING OVER CATALOG FOR MANY NATIONAL BANKNOTES, ALL SERIES SINGLE NOTES OR UNCUT SHEETS ESPECIALLY WANT AT TOP PRICE UNITED STATES LEGALS, 1861-1923, SILVER CERTIFICATES 1878-1923 CALIFORNIA GOLD BANKNOTES, TREASURY NOTES 1890-1891 Send your duplicates or complete collection by registered mail, for best possible offer accompanied by check in full, sent subject to your complete satisfaction. If check is returned, your notes will be returned to you prepaid. NO OFFERS WITHOUT EXAMINATION. NO SELLING LISTS AT THIS TIME. PERHAPS YOU WOULD PREFER TO PLACE YOUR NOTES IN DONLON'S 1978 MAIL BID SALE LIBERAL TERMS AND CASH ADVANCES 1977 EDITION "U.S. LARGE SIZE PAPER MONEY" 3.95 ppd 1977 EDITION "U.S. SMALL SIZE PAPER MONEY" 2.45 ppd 1977 PRICE GUIDE PAPER MONEY ERRORS. Amos Press 3.00 ppd BACK ISSUES DONLON SALE CATALOG, ( 1 AND 9 sold out) INCLUDING PRICES REALIZED 3.00 each. WILLIAM P. DONLON United States Paper Money and Paper Money Supplies. S.P.M.C. NO.74 P. 0. BOX 144 UTICA, NEW YORK 13503