Paper Money - Vol. XVIII, No. 3 - Whole No. 81 - May - June 1979

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• June 1979 Volume XVIII No. 3 Whole No. 81 ichard - Style Num explains Frenc g. ■•■ /7 9-1.6 14' 014Y":',1 • ( 11Y / , , /4 7„,e4r17 .0 • 74le ,"• 4',,,7•,,, • 74/41//,•„44•://,,, zifelett /1/*/,;;,,A i eVYW WX•k7 nk of Wigs Ad Barbara Mueller' The Elusive "14000" Charte Series Numbered National B Notes are caught by M. 0 Warns. 1t4a PO' Ot OW!P ON [AMMO, FIVE IKILLMIS A012345 14000 THE COMMERCIAL !OPTIMAL OM OF Lira{ ROCK ARKANSAS I MONTHLY PUBLI N OF THE SOCIETY OF PAPE Ka Again S Increases Buying Prices Now 20% to 100% Higher THE HIGHEST IN THE COUNTRY! In keeping with the rapidly rising demand for Choice and Gem notes we have again increased our buying prices. Our clients have told us they want the material NOW! Therefore we are prepared to pay PREMIUM PRICES for this material. CURRENCY BUYING PRICES - For Choice and Gem Notes LEGAL TENDER NOTES Buying NOW SILVER CERTIFICATES CON'T. Buying NOW NATIONAL BANK NOTES CON'T Buying NOW Friedberg Donlon 6 mo.ago Buying Friedberg Donlon 6 mo.ago Buying Friedberg Donlon 6 mo.ago Buying Fr -16, 17 D-101-1 375.00 500.00 Fr-249-258 D-202-20-202-31 175.00 265.00 Fr -624-638 D- 100.00 115.00 Fr -18 D-101-4 385.00 600.00 Fr.-259-265 0-205-12 -205-15 1600.00 2000.00 Fr -639-641 D- 400.00 500.00 Fr -19-27 D-101-4A -101-7 185.00 200.00 Fr.-266, 267 D-205-15A, 205-17 650.00 800.00 Fr -642-649 D-C320-201-C320-2812 120.00 135.00 Fr -28-30 D-101-8-101-10 200.00 225.00 Fr.-268-270 D-205-17A -205-20 1750.00 2900.00 Fr -650-663 D- 120.00 150.00 Fr.-31-33 D-101-14R-101-15B 750.00 900.00 Fr.-271-281 D-205-20A -205-31 400.00 700.00 Fr -34, 35 D-101-15R-101-17 210.00 225.00 Fr.-282 D-205-31A 450.00 650.00 FEDERAL RESERVE BANK NOTES Fr.-36-39 D-101-28 -101-31 50.00 80.00 Fr -708-746 0-401A-28 - 401 L-29A 60.00 80.00 Fr -40 D-101-31 A 135.00 175.00 TREASURY NOTES Fr.-747-780 D-402A-28-402L-29A 175.00 300.00 Fr -41, 41A 0-10211, 102T2 550.00 1000.00 Fr.-347-349 0-701-14-701-15A 750.00 1000.00 Fr.-781-809 D-405A-28-405L-28A 175.00 250.00 Fr -42 D-102-4 850.00 1000.00 Fr.-350-352 0-701-15B-701-19 250.00 500.00 Fr.-810-821 D-4108-28-410H-28 850.00 1000.00 Fr.-43-49 0-102-4A -102-8 235.00 265.00 Fr.-353-355 0-702-14-702-15A 1200.00 1500.00 Fr.-822-830 D-420E-29 - 420H-28 1000.00 1250.00 Fr.-50-52 D-102-8A -102-10 175.00 250.00 Fr.-356-358 0-702-15B-702-19 500.00 550.00 Fr.-53-56 D-102-14R -102-17 185.00 250.00 Fr.-359-361 D-705-14 -705-15A 1100.00 1250.00 FEDERAL RESERVE NOTES Fr -57-60 D-102-28-102-31 75.00 125.00 Fr.-362-365 D-705-15B - 705-20 550.00 600.00 Fr.-832-843 0-505A-35R -505L-35R 175.00 225.00 Fr -61-63A D-105-1T1 -105-114 375.00 600.00 Fr.-366-368 0-710-14 - 710-15A 1400.00 1750.00 Fr.-844-891 0-505A-35 -505L-38 40.00 70.00 Fr -64 D-105-4 325.00 625.00 Fr.-369-371 D-710-158 -710-19 575.00 650.00 Fr.-892-903 0-510A-35R -510L-35R 225.00 275.00 Fr -65-69 D-105-5 -105-7 200.00 225.00 Fr.-372-374 D-720-14 -720-15A 3500.00 4000.00 Fr.-904-951 D-510A-35 -510L-38 50.00 70.00 Fr.-70-72 0-105-8-105-10B 220.00 250.00 Fr.-375 D-720-17 390000 4500.00 Fr.-952-963 D-520A-35R -520L-35R 300.00 350.00 Fr.-73-82 0-105-10R -105-20 175.00 200.00 Fr.-964-1011 D-520A-35 - 520L-38 70.00 90.00 Fr.-83-92 D-105-22 -105-32 75.00 120.00 NATIONAL BANK NOTES Fr-1012-1023 0-550A-35R -550L-35R 500.00 550.00 Fr -93-95A 0-110-1T1 -110-1T4 650.00 700.00 Fr.-380-386 D-A301-2 -A301-8 500.00 600.00 Fr.-1024-1071 0-550A-35 - 550L-38 175.00 225.00 Fr -96 D-110-4 800.00 1000.00 Fr.-387-393 D-A302-2 -A302-8 1500.00 1600.00 Fr-1072-1083 D-500A-35R - 500L-35R 700.00 800.00 Fr -97-99 0-110-5 -110-7 500.00 700.00 Fr.-394-408 D-A305-1 - A305-14 600.00 650.00 Fr-1084-1131 D-500A-35 - 500 L-38 275.00 300.00 Fr.-100-102 D-110-8 -110-108 300.00 400.00 Fr.-409-423 D-A310-1 - A310-17 850.00 950.00 Fr.-103-113 D-110-10R -110-20 300.00 400.00 Fr.-424-439 D-A320-1 -A320-17 950.00 1050.00 GOLD CERTIFICATES Fr.-114-122 0-110-20A -110-31 500.00 800.00 Fr.-466-478 D-B305-9 - B305-22 185.00 225.00 Fr-1167-1172 0-610-22 -610-28 225.00 235.00 Fr.-123 D-110-31A 1500.00 1750.00 Fr.-479-492 D-8310-9 - 8310-22 185.00 250.00 Fr.-1173 D-610-31 150.00 225.00 Fr.-124-126 0-120-1T1 -120-173 1100.00 1500.00 Fr.-493-506 D-B320-9 - B320-22 300.00 400.00 Fr-1174,1175 0-620-9, 620-9A 3250.00 3750.00 Fr.-127 D-205-31A 2500.00 3000.00 Fr.-532-538 D-13305-14- B305-24 300.00 325.00 Fr-1176,1177 0-620-10, 620-14 2300.00 2750.00 Fr.-539-548 D-B310-14- B310-24 375.00 425.00 Fr.-1178 0-620-20 750.00 850.00 SILVER CERTIFICATES Fr.-549-557 D-B320-14 - B320-22 425.00 500.00 Fr-1179,1180 D-620-20A, 620-21 2500.00 3000.00 Fr.-215-221 0-201-12 -201-15 325.00 500.00 Fr.-573-575 D-B305-17- B305-28 700.00 750.00 Fr.-1181-1186 0-620-22 -620-28 400.00 450.00 Fr. -222-223 D-201-15A, 201-17 300.00 400.00 Fr.-576-579 D43310-17- B310-28 800.00 900.00 Fr.-1187 D-620-31 231.00 350.00 Fr.-224-225 0-201-17A -201-19 400.00 600.00 Fr.-580-585 D-B320-17- B320-28 1100.00 1200.00 Fr.-1193-1197 0-650-20-650-24 1000.00 1100.00 Fr.-226-236 0-201-20 -201-31 60.00 85.00 Fr.-587-589 D-C305-20T3-C305-22T3 225.00 250.00 Fr.-1198,1199 D-650-27, 650-28 600.00 750.00 Fr-237-239 D-201-31 A -201-33 33.00 40.00 Fr.-590-597 D-C305-20T2 -C305-28T2 100.00 125.00 Fr -1200 D-650-31 500.00 800.00 Fr.-240-244 D-202-12 -202-14 450.00 550.00 Fr -598-612 D-C305-20T2-C305-28T2 90.00 115.00 Fr-1206-1214 D-600-20 -600-28 1100.00 1250.00 Fr -245, 246 D-202-15, 202-17 800.00 1000.00 Fr.-613-615 300.00 350.00 Fr -1215 D-600-29 750.00 1000.00 Fr. -247, 248 D-202-17A, 202-19 1100.00 1400.00 Fr.-616-623 D-C310-20T2 -C310-28T2 100.00 125.00 We invite you to compare our prices with any available on the market today. Call or Write today at our New Address: 1000 Insurance Exchange Building Des Moines, Iowa 50309 (515) 243-0129 / 800-247-5335 SOCIETY PAPER MONEY COLLECTORS INC. PAPER MONEY is published every other month beginning in January by The Society of Paper Money Collectors, Inc., Harold Hauser, P.O. Box 150, Glen Ridge, NJ 07028. Second class postage paid at Glen Ridge, NJ 07028 and at additional entry office, Federalsburg, MD 21632. Society of Paper Money Collectors, Inc., 1979. 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. Individual copies of current issues, $1.75. ADVERTISING RATES ,Contract Kates SPACE Outside 1 TIME 3 TIMES 6 TIMES Ba ck Cover 348.00 5130.00 5245.00 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 MO 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 first of the month preceding month of issue (e.g. Feb. 1 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. XVIII — NO.3 Whole No. 81 May/June 1979 BARBARA R. MUELLER, Editor 225 S. Fischer Ave. Jefferson, WI 53549 414-674-5239 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 SPMG 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 FRENCH SYTLE NUMBERING Richard Kelly 133 THE PAPER COLUMN Peter Huntoon 138 "14000 - SERIES NATIONAL BANK NOTES M. Owen Warns 140 BANK OF WIGS Barbara R. Mueller 145 PHOTO-COUNTERFEITS AND ANTI-PHOTOGRAPHIC GREEN Forrest W. Daniel 146 MISSOURI OBSOLETE NOTES Bruce Smith 149 ADVENTURES COLLECTING ILLINOIS NATIONAL CURRENCY Samuel W. Johnson, Jr. 154 LITERTURE REVIEW Paul T. Jung 157 AUCTION ACTION 159 MEET THE CANDIDATES 162 REGULAR FEATURES COPE REPORT 158 BUCK STOPS HERE 164 INTEREST BEARING NOTES 165 SECRETARY'S REPORT 166 MONEY MART 169 Whole No. 81 Page 131 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 Ferreri, P.O. Box 33, Storrs, CT 06268 APPOINTEES EDITOR Barbara R. Mueller, 225 S. Fischer Ave., Jefferson, WI 53549. 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, Charles Colver, Michael Crabb, Jr., Richard Jones, Charles O'Donnell, Jr., Roy Pennell, Jr., George W. Wait, M. Owen Warns, J. Thomas Wills, Jr., 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. 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 51.50 each. For orders of less than 5 copies at one time, please include 50.25 per issue for postage. We have only the issues listed for sale. Vol 4, 1965, No 2 No 14) 11461 10, 1971, N,,, I (No. 37) Vol 4. 1965, No No 191 Vol II) 1971. No 2 (No 38) Vol 10, 1971 No _1 (No 39) 9..1 5 1966. No I No 17) ol 5 1966, No 2 No 181 5.9 5. 1 9 66. No 3 No 191 Vol II 1972 No 1 (N., •41; Vol . 5. 1966, No 4 No 20) II 1972. No 2 (No. 42) Vol II, 1 1472, No .3 (Nu. 43) Vol II. 1972, No 4 (No, 44) Vol. 6. 1967 No 1 No 21) Vol. 6. 1967, N,,. 2 No 22) Vol I 2, 1'173 No I (No .45) Vol. 6. 1967, N, 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. 19 7 5 No 4 ,No 48) Vol 7 1966. No I , No 251 Vol 11 1974 No I ,No 49) \., 01 1968 No 2 No. 26) 9 ,,I 11 1974 N., 2 N. 50) Vol 7 1968 N,, 1 No 27) ..1 I 19 7 4 No I (No 51) Vol 7 1968. No 4 No 28) 14 1 1 1 7 1 No 4 (No 52; 11. 1 1 174 N., 5 (No 51) Vol S 1969 No I ,No 29) 6.,) 1 I 1974 N o (No 54) Vol 8 1969 No 2 N,. 30) s 1 1 160 No 1 No 31; Vol 14 1975, No 1 (No 55) s 1969 No 4 N.. 52) 1995 . No 2 N. 56) ol 14 1975 No No 57) 1...1 14 19 - 5 No 4 ,N.. 5}1, 1970 No I 33 , 9 1 ,1 14 195 N.. 5 N, 89. 19'11 N., 2 No )4 501 11. 1975 No 5 , No ,,0: 19714 N.. 1 No 35! 1.1, 1 '1 1970 N,. 4 No it, 1.1), 6'..1 I I 1 SI 110 The Society of Paper Money Collectors, Inc. P.O. Box 150, Glen Ridge, N.J. 07 028 Library Services The Society maintains a lending library for the use of the members only. For further information, write the Librarian - Wendell Wolka, P.O. Box 366, Hinsdale, Ill. 60521. BOOKS FOR SALE: All cloth bound books are 8 1/2 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 $10.00 Non-Member $14.50 NATIONAL BANK NOTE ISSUES OF 1929-1935. Warns-Huntoon-Van Belkum $9.75 Non-Member . . . . $12.50 MISSISSIPPI OBSOLETE PAPPER MONEY & SCRIP, Leggett $6.00 Non-Member $10.00 NEW JERSEY'S MONEY, Wait $15.00 Non-Member $18.50 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. ALI, publications are postpaid except orders for less than 5 copies of Paper Money. 4. Enclose payment U.S.I funds only) 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 132 Paper Money Ei Numbering E xplained Nearly all paper money is numbered in some way or other. The French, British, and Americans, all use different systems of numbering. Cracking a particular system is often a challenge, like deciphering a secret code, but once done, the pleasure and knowledge gained there- by will far outweigh any effort expended. For example, if there are signature varieties of a note in a given series, estimates of the numbers printed will be essential infor- mation in determining the relative scarcity of each. Or even if there are no varieties, the same information may help decide whether a note on offer is a bargain or not. Many countries, notably France and her colonies, use the system described below. With minor modifications, most of which will be explained, the same system has been used by countries as diverse as Laos, Chad, and Montenegro, and many, many others. 1 Page 134 Paper Money Er. .5:717-.74!IIT'rfT; .8 9 cn cn) a 90 1 2 3 4 5 6 7 8 9 10 1 2 3 4 6 7 8 9 10 11 23 6.1 24 di 25 26 0.5 27 28 c.1 29 30 31 1..n 32 33 12 13 caS 15 c1-13 16 17 18 ,9 19 a 20 21 IS 22 We will begin by considering a simple case and then turn to more difficult examples. To start, some termin- ology is needed. In the lower left of the illustrated 500 Piastre note is a letter, "W", followed by a number, "8". This combination of letter plus number is called the "block group", or "block" for short. Thus the letter "W" is called the "block letter" and the number "8" is called the "block number". The number in the bottom right, "219", is the "serial" and this should not be confused with the "serial number", the number in the top center, "0199219". In summary, then, we have: W.8: block group or block W: block letter 8: block number 219: serial 0199219: serial number Since the serial occurs as the last three digits of the serial number, it is apparent that there is some connection between the serial number on the one hand and the block group and the serial on the other. What is this connection? The answer lies hidden in the block group. The first thousand notes of this note type (French Indochina Pick 26) will all have block group A.1 and serial numbers between 0000001 and 0001000 inclusive, the next thousand will have block group B.1 and serial num- bers between 0001001 and 0002000, the next thousand block group C.1 and serial numbers between 0002001 and 0003000, and so on. The serial, in contrast to the serial number, here serves as a counter of the notes in block; thus, of the thousand notes in block B.1, the 349th will have serial 349 and its serial number will be 0001349. All of these notes and block groups, because they have block number 1, are said to belong to the first alphabet. When this alphabet is exhausted, a new one is started; the block letter reverts back to "A", the block number changes to "2", and the serial numbers continue increasing as before. And when this, the second alphabet is exhausted, the block letter again reverts to "A", the block number changes to "3" (the third alphabet), and the process re- peats itself, and so on and so on. To complete the story, two further refinements must be added: on most French printed notes 1) the letter "I" is not used as a block letter, and 2) the letter "W" comes after "Z", at the very end of the alphabet. In all other respects, the alphabet used is the familiar ABC's. Figure 1. Cambodian Consonants and Numerals. Whole No. 81 Given the above account of French numbering, it now becomes a simple matter to compute the serial number from the serial and block group. We first determine how many block groups precede W.8, the block group of the 500 Piastre note. This number is multiplied by 1000 — each block contains a thousand notes — and then the ser- ial, provided it is not 000, is added to the result of the multiplication. The reason for the proviso is that on French notes, assuming that we are working with three- digit serials, the order of the serials will be 001, 002, . . 998, 999, 000. Thus 000 follows 999 and is therefore the serial of the last or 1000th note of a block. In such cases, 1000 (not 000!) is added to the result obtained from the multiplication. In practice the arithmetic is easy. The block number "8" tells us that seven alphabets, each containing 25 blocks, 2 have already been exhausted and the block letter "W" tells us that in the 8th alphabet all the block groups preceding "W" have likewise been used. Thus 199 block groups precede W.8: 7 X 25 = 175 (25 blocks per alphabet) + 24 (24 letters/blocks precede "W") 199 blocks precede W.8 Multiplying 199 by 1000 and then adding the serial, 219, yields 199219, the serial number. As another example, Page 135 consider the illustrated 1 Piastre note. It has block group R.4661. Thus the number of blocks that precede R.4661 is 116,516: 4660 X 25 = 116500 (4660 alphabets exhausted) + 16 (16 letters/blocks precede "R") 116516 blocks precede R.4661 As before, multiplying 116516 by 1000 and then adding the serial will yield the serial number, that is 116516612. If a note already has a serial number, it is, of course, senseless to spend time computing it. Many notes, how- ever, do not have printed serial numbers and this is where the above computation techniques come in handy. Our third example is just such a case and also illustrates an important modification to the procedure. Suppose a note has block group C.7 and serial 90479. Notice first that the serial contains fine digits. What this means is that the serials on notes of this type run from 00001 to 00000. with 00000 following 99999, and so there are 100,000 notes per block. In computing the serial number we may proceed as before, but instead of multiplying by 1000, we must now use 100,000. Working the serial number out, we find that 152 blocks precede C.7: 6 X 25 = 150 (6 alphabets exhausted) + 2 (2 blocks/letters precede "C") 152 blocks precede C.7 fitiNitTii tit ,a1:2 lift*- Sr Page 136 Paper Money Multiplyingi 152 by 100,000 and then adding the serial gives 15290479, the serial number. The point to remem- ber here is that the number of digits in the serial deter- mines the size of the blocks: a note type with one-digit serials has ten notes per block, a note type with two-digit serials has a hundred notes per block, and so on. Thus, since both notes in the first two examples had three-digit serials, each block contained a thousand notes. Two further complications are illustrated by the next example. As to be expected, many countries do not use the English alphabet or Western numerals on their notes. For example, although the illustrated 5 Riel note of Cambodia has a Western serial (847626), the block group (6\515) ) is Cambodian, the letter " " followed by the numeral " 1 With a dictionary or manual of foreign alphabets, 3 this initial obstacle of a foreign language may easily be surmounted. The real difficulty lies in de- termining 1) which letters of the alphabet are block letters (recall the omission of "I" by the French), and in determining 2) the order in which those block letters are used (recall that "W" came after "Z"). In the case of the Cambodia series, the required research has already been done. 4 Figure 1 lists in order 33 Cambodian consonants, these being the only letters used as block letters. Thus each "alphabet" (in the technical sense) contains exactly 33 blocks, and since the serial (847626) has six digits, each of these blocks contains 1,000,000 notes. Given this information, the serial number may be computed as be- fore. First we determine how many blocks precedeaig multiply this by 1,000,000, and then add on the serial. Because 1g) =2, one complete alphabet containing 33 blocks has already been exhausted, and since a is the 28th block letter, 27 blocks of the second alphabet have likewise been exhausted. Hence a total of 60 blocks pre- cede it) : 1 X 33 = 33 (1 alphabet exhausted) + 27 (27 letters/blocks precede " " ) 60 blocks precede a 19 Multiplying 60 by 1,000,000 and adding the serial gives 60, 847, 626, the serial number. (Still with us? Yes, then why not test your skills by computing the serial number of a note with blockILI and serial 68101. The answer is in the footnote; no, don't peek!) 5 Two questions remain unanswered: how do we find out which letters of a given alphabet are block letters and how do we know the order in which they are used? Roughly, the answer is to work backwards, starting with notes which do have printed serial numbers. Consider the three Lao notes that are illustrated. Each has a different block letter but all have the same block number, namely 1. Because the block number is 1, all of these notes must be from the first alphabet and consequently the only blocks that can precede, say n1, are blocks in the first alphabet. Working backwards, we subtract the serial (094431) from the serial number (008094431) and get 008000000. And since the serial has six digits, we divide 008000000 by 1,000,000 — remember, in working forwards we multiplied. The result of the division is, of course, eight and this is the number of blocks in the first alphabet that precedes Ill. Or in other words, eight is the number of block letters that precede (1 and so menmodimirmmfil Whole No. 81 Page 137 must be the 9th letter of the "alphabet". Similarly, n and fl are the 10th and 11th letters respectively. The remaining block letters and their order may be discovered in the same way; all that is required is patience and a mixed sample of notes, one exhibiting a variety of block groups. The Laos series is an especially good one to practice on, for the notes are plentiful, inexpensive, and come with and without printed serial numbers. Moreover, different numbering systems and alphabets are used within the series, so that once one system is cracked, there is still the challenge of another. 6 It is not possible to discuss all the complications that may arise or to consider all the ways of handling them, for some are unique to a given note type. Nonetheless, be- cause they are easily overlooked, the following possi- bilities are worth mentioning: the alphabet or block let- ters used for one note type may not be the same for an- other note type in the same series (e.g., on one type "I" and "0 - may be omitted but only "I" on another); the order of the alphabet may vary from type to type (this happens rarely: "Z", for example, may come last); there is a break or change in the numbering (this sometimes happens with a change in signatures); there are special re- placement block groups (these usually have impossibly high block numbers); 7 the block number and block letter exchange roles (that is, for example, A.1 is followed by A.2 and not B.2, A.2 is followed by A.3 and not B.3, etc.); and finally, the printer may have slipped up (foreign block letters are known to have been printed upside down)! In most cases, however, collectors need only follow the ex- amples worked out earlier, for exceptions occur infre- quently and when they do — well, that's the challenge of cracking the system! 8 NOTES 1. For example, the system has been used by the follow- countries: Algeria, Belgium, Cambodia, Cameroon, the Central African Republic, the Comoro Islands, the Congo, the Equatorial African States, Guadaloupe, etc. 2. Recall that since "I" is omitted, the "alphabet" con- tains 25 (not 26) letters. Remember too that "W" is the last or 25th letter. 3. Reynolds and Gleichen's Alphabets of Foreign Lang- uages, reprinted 1958, is useful for a number of lang- uages. 4. See "Signature and Other Varieties of Cambodian Banknotes", Spink;s Numismatic Circular, March 1979. 5. "028468101" 6. Two Lao block groups receive special attention in "Some Lao Papermoney Varieities", Spink's Numis- matic Circular, November 1978. 7. For examples of special blocks being reserved for re- placement notes, see the articles cited in notes 4 and 6. 8. The terminology used in this article is standard among some authors. Other terms, however, are also in com- mon use; for example, "prefix letter" and "series letter" are sometimes used instead of "block letter". The term "series letter" has much to recommend it, but unfortunately "series" is already used is too many di- verse (and inconsistent!) ways. Page 138 C-07 7P) it THE PAPER COLUMN if ;L, by Peter Huntoon With this issue, the Paper Column officially joins PAPER MONEY as a regular column for what I hope will be a lasting stay. The Column formerly appeared in the Bank Note Repor- ter and ran for 66 consecutive months beginning with the eighth issue in August, 1973, and ending in January of this year. As most of you know, the Bank Note Reporter was originally owned and published by Grover Criswell, now president of the ANA. It has often been rumored that Grover, in his humble and modest way, founded the BNR to tout his ANA presidential bid. That may be true, but what is more important is the fact that the paper caught on and before long it had a readership of over two thousand, probably the same readers as PAPER MONEY! In January of 1976, Austin Sheheen, a gentleman from Camden, SC, with a brother in the printing business, bought the paper from Criswell and continued to operate on a marginal basis except for the romance of the whole thing. The Criswell BNR had attracted several topnotch writers including John Muscalus, Fred Schwan, Chuck O'Donnell, and Neil Sowards. All of these contributors stayed with Austin, and Austin even enticed a few new faces into the fold, such as Doug Ball. This fact alone is the ultimate compliment for this enthusiastic collector and fine fellow. I remember that Bernard Schaaf wrote the most authoritative article on U.S. star notes ever to appear while Sheheen had the paper. In the old days, that is any time before 1979, writing for the paper was a labor of love. I got nothing but lots of typos and an occasional ad for my efforts. The publishers always claimed that in my case the errors were misspell- ings in my submissions. I deny this! Since the publishers never made any money, I figured it was a draw. Well, now the BNR has gone big time. Krause Publica- tions bought it in January and can staff it with profes- sional writers. Because this thing is a pastime, it is time for me to bail out and continue with the marginally profitable ventures! A couple of other considerations make this move appro- priate. For the ego, there is the fact that people save PAPER MONEY; in fact there is even a market for old copies. The BNR was a throwaway and most of my fine columns hit the trash after just a couple of days! Another factor is that the SPMC is the leading paper money society in the world and as such it deserves sup- port from all of us. I just hope Barbara Mueller can catch most of my typos and misspellings; otherwise the past publishers of the BNR will be saying "we told you so." AN ALASKAN STORY During our trip to Alaska, I browsed through a number of book stores. One gem that I came up with was The Skagway Story. In it are over a hundred photos and a lively text that describes the history of Skagway from its founding until today. Naturally I bought a copy and read Paper Money it avidly for any details on the movement of gold or money through the town. Sure enough, there was plenty of that in the book. You will enjoy the following bank tale. If you would like a copy of the book, send $5.50 to Alaska Northwest Publishing Company, Box 4-EEE, Anchorage, AK 99509, and they will send you a copy. I highly recommend it. AN ATTEMPTED HOLDUP by Howard Clifford Excepted from THE SKAGWAY STORY. Copyright © 1975 by Howard Clifford. All rights reserved. Permission for this reprint granted by the author and Alaska Northwest Publishing Company. Frontier towns generally suffered bank holdups, or at least an attempt. Skagway was not to be outdone. Just before closing time on September 15, 1902, a stranger entered the Skagway Branch of the Canadian Bank of Commerce at 516 Fifth Avenue and demanded $20,000. Two bank employees were on duty at the time, George Wallace, a veteran of the South African war, and Charles R.W. Pooley. The bank manager, Harry M. Lay, had gone to Whitehorse, and L.M. DeGax, an accountant in the Whitehorse branch, was on the way to Skagway to take over. Wallace was working on the ledger at his desk and Pooley, who was preparing to stow away the cash and gold dust from the teller's cage, had just opened the big safe in the back room. The stranger had a couple of sticks of dynamite in his left hand and a revolver in his right. He asked Wallace if he knew what he had, and Wallace replied, "Yes, dynamite!" Wallace acted as if to go to the cashier's cage, but dashed for the back door and yelled to Pooley, "Look out, he's got a gun!" Just then John G. Price, a prominent Skagway attorney, came through the front door with some $350 in cash in his hand to deposit. His entry startled the holdup man. The robber fired his revolver, either by ac- cident or with the intent of shooting Pooley or Price. He hit the dynamite instead. There was a violent explosion. Flying glass from the front of the building cut Price about the face, temporarily blinding him, and scattering the bills throughout the area. Wallace was blown out the back door and Pooley, protected by the iron door of the safe, was deafened and dazed but otherwise unhurt. The holdup man died a few hours later at the railroad hospital. It was learned that he had hired a man with a boat to row him to Dyea, to leave at 3:20 p.m. that same afternoon. The bank was a wreck, and $2,800 in gold dust that had been in the teller's cage was scattered. Following the explosion, the military used a hose in the remains of the building to wash everything down in an attempt to recover the dust. Four to six inches of the ground around the place was put in barrels and boxes and hauled down to the creek, where sluice boxes were built and the ground "processed" for the gold under the direction of Herman Kirmse. The panning efforts resulted in the recovery of more gold than was believed on hand in the bank at the time. Whole No. 81 Page 139 John Price recovered all of his bills, not losing a single dollar. Temporary repairs were made on the bank, and when it opened the next morning there was a run with many depositors demanding their money immediately. All demands were paid promptly, and later when they tried to re-deposit their funds, DeGax refused to take them, stating that if the customers had withdrawn their funds when they felt the bank was unsafe, they should find some other place to put their money. After the death of the would-be bank robber, J.J. Rogers, the U.S. commissioner for the District of Skagway, called a coroner's jury composed of Thomas Ray, Theo. Johnson, J.B. Moore, Hugh Caswell and J. Nelson. The jury convened with Dr. S.D. Cameron acting as the examining physician. After hearing the various witnesses and examining the evidence, the jury found that, "The deceased is an unknown man of the age of about 35 years, of unknown nationality & occupation; that the deceased came to his death in Skagway, Alaska, on Monday the 15th day of Sep- tember, 1902; that in our opinion death was caused by the firing of a pistol, which deceased held in his hand discharged, causing the explosion of dynamite, which he was carrying on his person, while engaged in an attempt to blow up and rob the Canadian Bank of Commerce in the said City of Skagway, Alaska, about 3 o'clock p.m. on said day, resulting in wounds from which he died about an hour later in the railroad hos- pital in said City of Skagway." Among the few effects found on the victim's body was a yard of ribbon and a silver dollar. The robber's remains were taken to a medical clinic for study. Eventually they were placed in a sack and thrown in a woodshed, where they were later dis- covered by three men including W.T. White, who knew the whole story. The skeleton was cremated, but White kept the skull, which in 1910 he presented to Dr. L.S. Keller. Doc Keller presented the relic to Martin Itjen, who displayed it in his museum until 1926, when the museum was closed. Peter Huntoon was born in West Orange, New Jersey, on August 27, 1942, but was raised as a teen-ager in Tucson, Arizona. He earned his BS, MS, and Ph.D degrees in ground water geology from the University of Arizona. His first academic position was with the Department of Geology at the University of Nebraska- Lincoln in 1971. Being a westerner at heart, he longed for the deserts and mountains, so in 1974 he joined the Department of Geology and Water Resources Research Institute at the University of Wyoming in Laramie. He is currently an Associate Professor, which position involves normal teaching responsibilities and research in his areas of specialty. Much of his research has dealt with the geology and ground water hydrology of the Grand Canyon of Arizona, and other southwestern National Parks and Monuments. He has published widely on the geology and ground water hydrology of these areas. Peter's wife, Victoria, is a ceramics instructor for the Department of Art at the University of Wyoming. They have an 11-year-old son named Trey. Huntoon has regularly contributed paper money arti- cles to the numismatic press, his first being a short article entitled "Bank teller reports double error note," which appeared in Coin World June 22, 1966. His first contri- bution to PAPER MONEY was the "Types of the Series of 1902 National Bank Notes", which ran in volume 5 in 1966. This article won an Honorable Mention from the SPMC. Since 1966, Huntoon has written over fifty articles on paper money in addition to his 66 Paper Columns in the Bank Note Reporter between 1973 and 1979. He co- authored with Louis Van Belkum and M.O. Warns the SPMC book The National Bank Note Issues of 1929 -1935, and contributed the sections on 1929 Nationals to the past four editions of the O'Donnell catalog. His series on the problems with doctored paper money in the numis- matic market was his most popular and appeared in PAPER MONEY, The Numismatist, Bank Note Reporter, Coin World, The Rag Picker, and Shtarot. Huntoon began collecting paper money seriously in 1963 when he was 21 and when the 81 FRN's first ap- peared. His interests quickly turned to National Bank Notes and small size type notes. In small size types, he has specialized in the mules and has written extensively about them. He has attempted the impossible of collect- ing a National Bank Note from each of Arizona's 27 is- suing banks and now has notes from 21 of them. His Arizona collection was started in 1965. He also started the difficult collection of Wyoming notes without any idea of ever moving to that state. By the time he arrived in Laramie in 1974, his collection of Wyoming notes was, and remains, second only to Tom Mason's. Huntoon particularly enjoys territorials and rare Nationals regard- less of location but is not too fussy about condition. He has written many times that the truly rare Nationals usually don't come in grades better than very good to fine. In 1976, Huntoon was elected to the Board of Directors of the Paper Money Collectors of Michigan. He was elected to the Board of Directors of the Society of Paper Money Collectors in 1978. The PMCM gave him their Appreciation Award for his contributions to paper money collecting at the International Paper Money Show in Memphis in 1978. Peter Huntoon, SPMC 662 +.11414,C*ii it* Hi :til/it, THE COMMERCIAL WOW MK OF tiTFLE ROCK ARKANSAS FIVE IMIALLAFIS A012345 14000 • 4000 A012345 14z run iralloritt 311011111PROLLIIIL •,3"S t",% COAMEACIAL NATIAkt 841V, OF 1: ROCK ARKANSAS • 40123145 FiRST 1011011Al BANK Of CAL1ILICOTHE t*:1 caw> TEN $IOLLUtti A010456 1H 12e: A010456 Ad1121MIZIMINAM Page 140 Paper Money "14000" Charter Series Numbered National Bank Notes by M. Owen Warns, NLG Significant collector interest has been evidenced in the short-lived National Bank notes of the "14000" series of charter numbers issued during the economically troubled years of 1934 and 1935. This last series employed in printing notes marked the end of the National Bank note issuing period that began with the passage of the National Currency Act of February 25, 1863 along with the subsequent issuance of the First Charter notes that appeared on November 2nd of that year. The initial charter number of the series, 14000, was granted to The Commercial National Bank of Little Rock, Arkansas on February 12, 1934. Within a year's time, on January 5, 1935, charter 14320 issued $250,000 worth of type 2 $10 notes and gained the distinction of being the highest chartered National Bank to have issued notes. The small amounts of notes issued in the 14000 series were scarce from the very beginning. Of the 349 banks chartered in this series, 185 issued notes; the remaining 164 banks elected not to do so, according to the Comptroller's reports. The last 28 banks chartered, 14321 to 14348, did not issue notes for as-yet-unexplained reasons. Louis Van Belkum revealed in his publication The National Banks of the Note Issuing Period, 1863 -1935 that the last bank chartered in 1935 was The Roodhouse National Bank of Roodhouse, Illinois; it was granted charter 14348 on December 16th of that year, some seven months after the National Currency Act had been suspended. The regular printing of National Bank Notes took place on May 20, 1935 when $10 type 2 notes were processed for the Manufacturers National Bank of Newnan, Georgia (pop. 11,205), situated approximately 37 miles southwest of Atlanta. Within the week that followed, the National Currency Act for all intents and purposes had been terminated. However, it was not all over yet, for it was discovered that through an oversight in the Comptroller's office a bond adjustment of $50,000 in favor of The First National Bank of Chillicothe, Ohio, Charter 128, had to be satisfied. This resulted in an extended printing order of $30,000 worth of $10 and $20,000 worth of $20 notes, both of which were type 2. These were printed and delivered to the bank on July 10, 1935, seven weeks after regular printings of notes had ceased. These two notes are highly prized by collectors. Only a scant number of the $10 notes have surfaced, while no $20 notes have been reported to date. Aftermath Of 1929 Stock Market Crash Affects Establishment Of New Banks The 14000 charter series became a reality when our country was still acutely aware of the ravages wrought by the great depression resulting from the 1929 stock market disaster that had extended itself into the mid- 1930's. The indelible images of the millions out of work still lingered in people's minds; there were the widespread hunger marches, the unemployed selling apples on street corners, the bread riots, the war veterans' bonus army marchers encamped on the edge of the District of Columbia where they could forcibly plead their plight to Charter 14000 with the unusual serial of 12345 THE EXTENDED PRINTING FOR CHARTER 128 $10 serials, 10261 - 13260, $30,000 worth $20 serials, 2545 - 3544, $20,000 worth FIRST NATIONAL BANK IN GOLCONDA ILLINOIS 1 . 1 1►11111.1.A104 tArrEn ttus 4nANIA:RINA I THE IIIIIVAIJNEE MAW NATIONAL MI OF tn ▪ CI IICAC;0 csi ▪ TwEyrr unuAns A000789 142145 IN AGNsICIV JeaMilit 14245 A000789 EVI $, DI c 1...77m1,7 '1'E11: ARVOSTATES VilltitA IN; MOUNT 51111E MONONA!. NANA MOT' N 101_I Vi to, 1 I k N Whole No. 81 the members of the U.S. Congress. Many dire and unfor- gettable deprivations still faced the nation. The widespread financial fears of the people resulted in panic runs on banks across the nation, depleting their ready cash reserves; in New York City alone $750,000,000 had been withdrawn from bank reserves of gold and silver within a two-week period. The fears of depositors reached a hysterical pitch with sporadic runs springing up all over; in the St. Louis area where vicious runs took place in the suburban districts, 16 banks were finished off in short order. It has been stated that more than 20,000 bank failures had been reported by 1934, with at least 5000 of the banks closing their doors for the last time. Commonplace were the thousands of "near-miss" banks tottering on the brink of failure. Those banks that did survive did so with assistance from the Reconstruction Finance Corporation, or by consolidation with other banks, or private refinancing, or by Transamerica. In addition to the Bank Holiday declared by President Roosevelt on March 6, 1932 that temporarily closed all banks in the nation to ascertain their financial condition, things were happening so fast that the banking structure of the nation was brought down. Maryland closed its banks; Ohio, Indiana and Illinois restricted withdrawals; Arkansas set a maximum amount of withdrawals at 5% of deposits; similar restriction took place in Alabama, Kentucky and Tennessee; the governors of 29 states imposed their own Bank Holidays and moratoriums in order to prevent the further collapsing of banks. Governor Fred Balzak ordered all banks in the state of Nevada closed except charter 7038, The First National Bank of Reno. Balzak requested aid from Amadeo Peter Giannini's Transamerica and saved the bank, while on the other hand the Reconstruction Finance Corporation refused aid to George Wingfield's overextended Reno National, charter 8424, (the largest bank in the state at the time) and his string of 11 other banks in Nevada towns, and all were forced into receivership during the month of December of 1932. At the end of 1934, the nation's national income had dwindled to $41,000,000,000, a point where it was half of what it had been at the end of 1929. One of the chief factors contributing to this loss was the serious impact our depression had on foreign trade. We had been the dominating force for exports abroad but now there was no end to the fear created worldwide about the American capability of reestabling confidence as a leader in the world's commerce markets. Recently history seems to have repeated itself. During the 1934-1935 period of the 14000 charter numbers, there arose a reluctance among banking groups and in the circles of skilled financial investors to establish new banks. Still in their minds were the poignant memories of the harrowing and devastating ordeals of the stock market crash and resultant depression that literally shook the financial foundation of the nation. The stringent new banking regulations imposed by the Treasury Department turned out to be another deterrent. The Comptroller of the Currency's report covering the period March 5, 1934 through December 31, 1934 showed a decrease for the amount of outstanding National Bank notes from $790,000,000 to $656,454,000, a drop of Page 141 $133,000,000; for the same period the amount pledged by National Banks to cover circulating notes had dropped from $816,269,000 to $683,797,000, a difference of $183,472,000! These figures reflect the facts that fewer banks were established and notes were being turned into the Comptroller's office by those banks compelled to do so. It served as a notice of the termination of the National Bank Currency Act of 1863; the announcement was just five months away . . .May 1935! A contributing factor to the scarcity of 14000 charter notes was the action of wary bank officers in storing the Examples of "None" indicated banks known to have issued notes Charter 14173 - The First National Bank of Golconda, Illinois, whose note status was listed as "none", issued $10 notes. Deputy Comptroller E.H. Gough advises the original shipment of notes to the bank did not occur until April 10, 1935, a year after the bank had been chartered and a month before the National Currency Act ended. Several similar instances of this nature have been noted, causing inaccuracies to occur in the Comptroller's Reports. Charter 14245 - The Milwaukee Avenue National Bank of Chicago Illinois is an example of where the issuing status is listed as "none* -; it actually circulated three denominations of notes, $5, 10, 20. Charter 14285 The Mount Olive National Bank of Mount Olive, Illinois with the note status listed as "none" issued 300 - $100 notes, serials A000001 - A000300. 250 of these notes were placed in circulation while notes A000251 - A000300 were returned to the office of the Comptroller of the Currency for redemption. ANALYSIS OF THE "14000" NATIONAL BANK CHARTER NUMBERS (includes charters reported up to and including supplement VI) States, Territories, District Oceania Number of "14000 - "14000" Chartered Chartered Banks, Banks Notes Issuing Reported "14000" Banks, Notes Not Reported Issuing Banks Whose Notes Remain Unreported - Also Those Non-Issuing Banks Appearing on the Comptroller's Reports With the Word "NONE" (Issued) are in Parentheses Below ALABAMA 1 0 1 (Charter 14160) ALASKA 0 0 0 ARIZONA 1 0 1 (Charter 14324) ARKANSAS 6 3 3 Charter 14209, (14097, 14238) CALIFORNIA 6 1 5 Charter 14202, (14045, 14298, 14307, 14317) COLORADO 7 1 6 Charters 14021, 14213, 14254, (14148, 14222, 14248) CONNECTICUT 0 0 0 DELAWARE 0 0 0 DIST. OF COLUMBIA 0 0 0 FLORIDA 3 1 2 (Charters 14003, 14338) GEORGIA 6 1 5 Charters 14061, 14255, (14046, 14193, 14243) HAWAII 0 0 0 IDAHO 0 0 0 ILLINOIS 40 11 29 Charters 14074, 14137, 14217, (14115, 14127, 14134, 14140, 14159, 14161, 14178, 14221, 14235, 14237, 14244, 14247, 14260, 14265, 14268, 14310, 14313, 14319, 14327, 14331, 14332, 14342, 14343, 14346, 14347, 14348) INDIANA 9 2 7 Charters 14075, (14047, 14175, 14218, 14226, 14288, 14292) IOWA 17 4 13 Charters 14057, 14069, 14253, 14286, 14309, (14036, 14066, 14085, 14129, 14143, 14158, 14172, 14326) KANSAS 3 1 2 Charters 14163, (14329) KENTUCKY 6 1 5 Charters 14026, 14039, 14076, 14138, (14259) LOUISIANA 6 1 5 Charters 14086, 14225, (14228, 14281, 14328) MAINE 2 0 2 Charters 14224, 14303 MARYLAND 2 2 0 MASSACHUSETTS 4 0 4 Charters 14033, 14087, 14266 (14152) MICHIGAN 14 6 8 Charters 14009, 14144, 14186, 14016, 14022, 14116, 14269, 14280) MINNESOTA 7 3 4 (Charters 14068, 14216, 14296, 14311) MISSISSIPPI 1 0 1 (Charter 14176) MISSOURI 4 1 3 Charter 14196, (14119, 14128) MONTANA 1 0 1 (Charter 14334) NEBRASKA 12 2 10 (Charters 14004, 14017, 14018, 14073, 14174, 14194, 14256, 14308, 14339, 14340) Page 142 Paper Money Whole No. 81 Page 143 ANALYSIS OF THE "14000" NATIONAL BANK CHARTER NUMBERS (includes charters reported up to and including supplement VI) States, Territories, District Oceania Number of "14000" "14000" Chartered Chartered Banks, Banks Notes Issuing Reported "14000" Banks, Notes Not Reported Issuing Banks Whose Notes Remain Unreported - Also Those Non-Issuing Banks Appearing on the Comptroller's Reports With the Word "NONE" (Issued) are in Parentheses Below NEVADA 0 0 0 NEW HAMPSHIRE 1 1 0 NEW JERSEY 15 5 10 Charters 14088, 14153, 14305, (14084, 14145, 14151, 14240, 14287, 14289, 14321) NEW MEXICO 1 0 1 Charter 14081 NEW YORK 4 3 1 (Charter 14267) NORTH CAROLINA 3 0 3 (Charters 14147, 14229, 14291) NORTH DAKOTA 2 0 2 (Charters 14080, 14275) OHIO 19 6 11 Charters 14132, 14294, 14316, (14141, 14188, 14192, 14203, 14264, 14290, 14300, 14323) OKLAHOMA 8 3 5 Charter 14108, (14131, 14278, 14315, 14322) OREGON 4 0 4 Charter 14001, (14054, 14241, 14306) PENNSYLVANIA 32 7 25 Charters 14029, 14049, 14094, 14107,14112,14120,14121,14122, 14169, 14181, 14182, 14191, (14007, 14037,14043,14067,14139,14155, 14171,14197,14210,14215,14239, 14251,14262,14263,14276,14277, 14284,14293,14301,14333,14344, 14345) RHODE ISLAND 0 0 0 SOUTH CAROLINA 3 1 2 (Charters 14135, 14341) SOUTH DAKOTA 2 2 0 TENNESSEE 2 0 2 (Charters 14231, 14279) TEXAS 32 7 25 Charters 14027, 14072, 14090, 14124, 14126, 14270, 14273. 14302, (14012, 14015, 14101, 14114, 14154, 14157, 14165, 14179. 14206, 14207, 14208, 14212, 14227, 14272, 14299, 14312, 14330) UTAH 0 0 0 VERMONT 1 0 1 Charter 14234 VIRGIN ISLANDS 1 0 1 (Charter 14335) VIRGINIA 6 0 6 Charters 14052, 14180, 14190, 14223,(14325, 14337) WASHINGTON 3 0 3 Charters 14166, 14186. (14038) WEST VIRGINIA 9 5 4 (Charters 14034, 14136, 14198, 14318) WISCONSIN 16 5 11 Charters 14058, 14063, 14095, 14109, 14233, (14059, 14060, 14064, 14242, 14314, 14336) WYOMING 1 1 (Charter 14103) American Banker April 3. 1935 Watch for Liberty National Banknote A-25,000—It May Be Last of Issue National bank note No. .S -11L.000, believed to he potentially valuable as the last national bank note which was authoiixed by the Currency Bu- reau i t Washington, Ii. C., is in eir• rotation. N-ow that the national bank notes have been called. a sentimental value attaches. itself to this note. It is the ilSO• of the Liberty Na- tional Bank &- Trust Co. of Louis- ville, Ky., charter No. I4,326. and according to advice. to the bank front Washingtent, this Institution was the last bank authorised to ionic national bank notes. Hence. its charter number is the highest vp• pearing on any national bank note in all the 70 years such notes have been issued. The Liberty National, accordin.d. to K. A. Millican, vsce•priairient and cashier. ?tali has Quit.- a number of its brand new notes on hand. which it will exchange for the lawful motley of anycme who wishes one as souvenir. But the top number. A-25.000. is ourstaading.•nd for that one the bank Rae` will pa) a small premium if It can be located. 111.1•ISAVII••-r74zsizaiercarama rift; NITEDSTATESOFtill:111411, LIONTY NATIONAL ANA AND %SI .ANY OF 101 IS IMMTVCKY 0' % 1,414.11.11t., Page 144 Paper Money circulating notes issued to them in their vaults. The purpose was to hold them intact until the inevitable day when it would become necessary to turn them back to the Comptroller's Office in exchange for the bonds they had deposited with the Treasury Department. In so doing, many 14000 banks created a scarcity of their own notes. This fact becomes a logical explanation of why the notes from those banks are not to be found in circulation. Aside from the fact of the comparatively small amounts of circulating notes issued in the series, the majority of these late chartered banks usually held the amount of their circulating notes down to $25,000; only slightly more than half of the banks of the series issued notes. According to the Comptroller's reports those banks not issuing notes are indicated with the word "none" in the "amount issued" column; Louis Van Belkum advises that the word "none" followed with an asterisk indicates banks that could have or did issue notes. This information became available in a later re- port. "14000" Charters, Notes Issued - Denominations Unreported. The Comptroller's reports available at the time Van Belkum's book was published listed the following banks as having issued circulating notes, with the total amount of each banknotes outstanding in 1934. The denomi- nations and the exact amounts of each remain unknown: Charter Location Outstanding 14209 Arkansas, Paris $25,000 14254 Colorado, Lamar 25,000 14074 Illinois, Newton 25,000 14217 Illinois, Olney 50,000 14057 Iowa, Shenandoah 60,000 14069 Iowa, Belle Plaine 25,000 14253 Iowa, Le Mars 40,000 14286 Iowa, Eldora 35,000 14309 Iowa, Keokuk 45,000 14086 La. Hammond 25,000 14303 Maine, Ellsworth 50,000 14009 Mich. Marshall 50,000 14185 Mich. Battle Creek 400,000 14196 Missouri, Lamar $25,000 14132 Ohio, St. Marys 30,000 14292 Ohio, New Bremen 25,000 14316 Ohio, Camden 50,000 14107 Pa. McKees Rocks 75,000 14120 Pa. Philadelphia 100,000 14191 Pa. Girard 50,000 14124 Texas, Edinburg 20,000 14180 Va. Clifton Forge 50,000 14190 Va. Onley 25,000 14223 Va. Abington 50,000 14186 Wash. Vancouver 50,000 14233 Wisc. Oconto 25,000 Notes from the above banks have not been reported. A plausible explanation for their not surfacing is that the notes were TiOt placed in circulation by the banks in anticipation of having to turn them back to the Comptroller of the Currency in exchange for the bonds they had originally deposited with the Treasury Department. Other Banks Reported To Have Issued Notes Charter Location Denominations Status 14297 Lanark, Ill. $5, 10, 20, 50 none 14320 Louisville, Ky. 10 none* 14282 Wymore, Nebr. 5, 10, 20 none 14153 Carteret, N.J. 10, 20 none 14305 West New York, N.J. 5, 10, 20 none 14261 Bethesda, Ohio 5 none 14304 Pawhuska, Okla. 20 none 14241 Condon, Oregon denominations unknown none* 14219 Erie, Pa. 10, 20, 50, 100 none* 14242 Pierre, So. Dak. denominations unknown none* The Concluding Highest Charter Issue Of National Bank Notes Charter 14320 - The Liberty National Bank of Louisville, Kentucky Autographed by bank president Merle E. Robertson and cashier W.A. Killigan. This note with serial no. A023400 is just 1600 notes from the last serial A025000. Could it be note A025000 exists or was it returned to the Comptroller's Office along with other notes? Charter 14320 had the distinction of being the only bank of the 31 banks chartered in 1935 to have issued circulating notes. Publications consulted in the preparation of this article: The National Banks of the Note Issuing Period, 1863- 1935, Louis Van Belkum The National Bank Note Issues of 1929-1935, Warns, Huntoon and Van Belkum Comptroller of the Currency Reports NOTE: Those interested in this study with notes to re- port or questions should contact me at P.O. Box 1840, Milwaukee, WI 53201. Whole No. 81 Page 145 and Its 816 Advertising "Note" 1,;1( r 8 .M:1.16f -wet 80 likt, ,,,8■1(tro,t.,Iitsf sja /(//7„, /11/1e 4/7/ ree , Pe. El By Barbara R. Mueller, NLG Who says that the British don't believe in advertising or that they lack professional savvy if they do undertake it?" That was the opening line in the description of an item offered in a list of philatelic "cinderella - material — fake, fantasy, local and fiscal stamps; poster seals; reproductions, etc. Somehow it caught my eye and I read further: "From 1816, a choice ad — a large banknote-like affair engraved exactly like banknotes of the day, in fact, so like one that the casual observer would take it unhesitatingly. It reads 'Bank of Wigs/I promise to be at Home/on Mondays, Tuesdays, Thursdays & Saturdays/to cut and dress hair fit on wigs & every lawful day/me or my people or pay FIVE SHILLINGS if absent/from work./1816 Jan 1 Edin (burgh) 1 Jan. 1816./For the Govr./of the Bank of Wigs & c.' Signature. Has been folded both ways, and, after 163 years there are a couple of small tears along the folds. Small inkspot, worm hole in NE corner." I immediately posted an order, hoping that some other syngraphist had not spotted the offer. Luck was with me, and within a week I had the item shown here. It is indeed worn, so much so that deciphering the inscriptions is very difficult. But through the photographic wizardry of Adrien Boutrelle, the faded copperplate engraved script comes to light. In the upper left corner is an imitation of the familiar Britannia figure with the inscription "F. Street Sculp./Edin" beneath it and in the upper center are the words "Late George Street Edin/80 Hutcheson Street, Glasgow". In the lower left corner is the word "Five" in white lettering in imitation of the genuine with "Pence" beneath it. Harold Don Allen once characterized the Bank of England note as "imposing as many a university degree" in its uniface black and white simplicity, and this advertising piece partakes of this dignity. It is even watermarked, but the exact wording is not readable. One wonders whether the piece was made by the method used by the first counterfeiter of Bank of England notes, Richard William Vaughan. He cut a genuine note into its component parts, had each separate part engraved on copper by different engravers in London, and then printed these separate plates, one by one, on pieces of bank note paper. ' 1 1i1 '1if ; .; •4 Ink mill of the type used in 1862 as illustrated I\ H in Harper's New Monthly Magazine. : p i ill, O.III I., Page 146 Paper Money Photo-Counterfeits and 1,1/1 1,MM TOGR A 174 efiic by Forrest W. Daniel GREEN Mary Peck Butterworth used a piece of damp, starched muslin and a hot iron to pick up an impression of the oily ink used to print colonial paper currency. That image was then transferred in like manner to a clean sheet of paper where it became a perfect reproduction of the original bill. Of course, the transfer was faint but Mary filled the de- sign with quill pen and ink to produce counterfeit notes of good quality. The next, and improved, method of making transfers directly from genuine notes came more than a century later with the invention of photography in the 1830s. Wil- liam Henry Fox Talbot invented a paper photographic technique in 1834. He did nothing more with his process until Louis J. M. Daguerre announced another photo- graphic method in Paris in 1839. Talbot dug out his notes and presented his art of "Photogenic Drawing" before the Royal Society in London on January 31, 1839. Talbot told of using sunlight to produce images of leaves on sensitized paper. He said that the images, while attractive, substituted lights for shadows, but re-expos- ing the negative image on another piece of sensitized paper produced a properly shaded picture. In Section 11 of his presentation Talbot said the inven- tion might be employed "for obtaining copies of drawings or engravings. . ." He said the time of exposure depended Whole No. 81 Page 147 CAR OSINKIFIXE pirr&B //Y//////// •4( ,. /4 44-: ( %// 47// / PHILADELPHIA on the thickness of the paper the engraving was printed upon; and while he had thought it would not succeed with thick paper, his experiments had shown good copies could be made. "In this way I have copied very minute, complicated, and delicate engravings, crowded with figures of small size, which were rendered with great dis- tinctness." Publication of Talbot's process surely put the formula for using photography to reproduce bank notes into the hands of people who would use it. Even before Frederick Scott Archer's technique of making glass neg- atives, announced in 1851, vastly improved the quality of all photography, counterfeiters were making silver print notes to pass to the unwary. During the early days of photographic counterfeiting, most of the bank notes in circulation were printed only on one side of the paper and only with black ink; they were prime subjects for reproduction by Talbot's method. The greatest deterrent was the technical limitation of the new photographic science. While photographic counterfeits were mentioned in counterfeit detector publications, E.J. Wilber and E.P. Eastman wrote, in 1865, that the number of counterfeits produced by photography was not suf- ficiently great to demand special attention. They said that while scientific men warned of the danger of photo- graphic counterfeits, they had proved a failure up to that time since only the most unwary would be liable to take them. They said the lettering, parallel ruling, fine lathework, etc. could not be copied by the process, that the image was indistinct especially towards the end, and the image was darker in the center. That type of distortion was caused by the use of camera lenses with too short focal length, but that difficulty could be overcome by the use of proper lenses. Talbot's 25-year-old method of reproducing engravings by contact, using either camera nor lens, did not suffer the distortion described by Wilber and East- man. Sensitizing the thin bank note paper to make silver prints left easily detected characteristics. The emulsion left the paper glossy smooth, and the thinness of the Advertising example of bank note vignette, portraits and counters printed by the American Bank Note Company using Anti-Photographic and Unalterable Patent Green Tint and Black Carbon Ink. (Photograph courtesy of George Wait.) paper let the image show through. The bluish, smokey ap- pearance of the photograph suggested that the note had been washed and that some of the ink had been washed away. They did not have the appearance and feel of an en- graved note. Color Suggested Just when the earliest photographic counterfeit ap- peared in the United States was not learned, but an early suggestion that the process could be used for forgery in England came in 1845. Antoine Claudet, who had been a partner of Daguerre and who had moved to England, pro- duced an excellent facsimile of a Bank of England note. Claudet took his silver print to Matthew Marshall, chief cashier of the Bank, while acknowledging that in its pre- sent state photography presented no real danger but future developments might make it an aid to forgery. He even had a suggestion for prevention of its use in counter- feiting. Since all colors appear to photograph black, especially those at the red end of the spectrum, Claudet suggested the introduction of colors into the design of the notes of the Bank of England to prevent their reproduc- tion by photography. Photography did become the threat to bank notes that Claudet had predicted and it was his suggestion (that color be added to the design) that became a principal de- fense against counterfeiting, although not by the Bank of England. Various shades of red, blue, yellow, and green were used on bills printed by the several bank note com- panies. In the United States, color underprinting of certain parts of the design of notes began in the 1840s. Red was a popular color for underprinting at first because of its quality of showing full black in a photograph. Counter- feiters were not long in finding a way around that pro- blem, but their earliest methods were very crude. Page 148 Dye's Counterfeit Detector, July, 1884, reported that the old photographic method consisted of photographing the entire note — color tints, numbers and all. After a print was made, the forgers used pens and brushes to add color to the areas where they appeared on genuine notes. (Shades of Mary Butterworth). The effect was a blurring of the colored areas and numbers. Red pigments are notoriously unstable; they fade "quickly;" and with a little help they were removed com- pletely from a genuine note so the black design could be photographed without any trace of the second color. The new photographic counterfeiting process described by Dye's used a photograph of the black areas of the note after the color was bleached, and overprinted the color tints by surface printing. Surface printing also made it possible to change numbering. Dye's said this method was more dangerous than the old one because a reason- ably good black photograph under a crude red overprint would hardly be noticed as a fake since the public was aware that red and black could not be separated in a photograph. The unwary tended to rely on the color of the money rather than the quality of the engraving. The Bureau of Engraving and Printing still adheres to that point of view in opposing the use of color on United States currency. Forgers, with practice, learned how to remove any colored ink from genuine notes without disturbing the black design. An indestructible colored ink was needed, and the bank note companies set out to find such a pro- duct. A. H. Guernsey described the problem in an article about the American Bank Note Company which appeared in Harper's New Monthly Magazine in February, 1862. .. the coloring matter of the black ink used by prin- ters is carbon finely pulverized. Put this dry upon paper, and it may be brushed off with a feather; mix it with water, and when the liquid evaporates the powder can be rubbed off. In printer's ink the carbon is mixed with oil, which binds it to the surface of the paper. Now an alkali combined with oil produces soap, which can be washed away. Let a piece of printed matter be saturated with alkali; wash it carefully with water and the oil disappears, leaving the carbon free. The problem, however, was to produce a colored ink, not indeed absolutely indestruct- ible, but one which could not be removed from part of a note, without, at the same time, discharging the black ink from the remainder." The American Bank Note Company felt it had attained the ultimate with its permanent green ink patented in 1857. Credit for developing the green ink is given to George Matthews, a partner in the Montreal office of Rawdon, Wright, Hatch & Edson, bank note printers. Tracy R. Edson purchased the patent right to the ink, brought it into the American Bank Note Company, and received a royalty for its use. The ink was submitted to a panel of prominent chem- ists; the composition of the ink was explained to them and they all replied that they knew of no chemical means by which the green ink could be destroyed without destroy- ing the texture of the paper on which it was printed. It could be removed mechanically only by removing the black ink combined with it at the same time. Four years later the scientists held the same opinion. Paper Money Used On U. S. Notes The use of the patented green ink and black carbon ink of the face of state bank notes and early issues of United States Treasury notes, it was felt, afforded perfect security against photographic counterfeiting. Green ink has become almost synonymous with paper money in the United States, although it has not been used as a tint on the front of its notes since the Series of 1869. The careful observer will note that the green ink used on the backs of government notes is a darker shade than the anti-photo- graphic green used on the front. The color connotation came not from the anti-photographic green on the front but from the ordinary green on the back. State bank notes with anti-photographic green tints on the front often had backs printed with other colors. The Harper's article of 1862 stated carbon of the purest quality and deepest color was required for bank note printing. Formerly that carbon was made by burning the refuse of the wine-press; but it had been learned that car- bon of equal quality could be made from sugar. The pro- duct was calcined in an air-tight container, and the re- sidue was a powder of intense blackness, and capable of the most minute pulverization. The process of bank note printing on hand presses con- sumed large quantities of the ink; more than three- quarters of ink laid upon the printing plate was wiped away on the wiping cloths. Those wiping cloths were a yard square and each of the hundred printers who inked and wiped the plates used about six a day. From the earlier practice of burning the cloths when they were saturated with ink, the American Bank Note Company effected a saving of more than $5,000 a year by washing the cloths with steam from the engine which provided power and heat to the building and using them until they wore out. The greater part of the saving however, came from salvaging the pigments from the washing water, to be made again into ink. The cost of the powder to make the green ink was quoted at a dollar a pound, and for the black ink, 50 cents a pound. Development of panchromatic photographic film and color filters made possible the separation of colors by photographic means. The anti-photographic green, which could not be chemically separated from the black ink, became separable by the camera — the very instrument it was developed to combat. Sources: "The American Bank Note Company," by A.H. Guernsey, Harper's New Monthly Magazine, February, 1862. "Some Account of the Art of Photogenic Drawing, Etc.," by Henry Fox Talbot, (1839), reprinted in On Photography, A Source Book of Photo History in Facsimile, Beaumont Hall, editor, 1956. A Treatise on Counterfeit, Altered and Spurious Bank Notes, Etc., by E.J. Wilber and E.P. Eastman, 1865. The Story of the American Bank Note Company, by William H. Griffiths, 1959. The Bank Of England Note, by A.D. Mackenzie, Cambridge, 1953. Excerpts from "Dye's Counterfeit Detector," July, 1884, in Paper Money, September, 1974. History of the Bureau of Engraving and Printing, 1862-1962, U.S. Treasury, 1964. Aurelia Chen, American Bank Note Company, for an excerpt from a biography of Tracy Edson and other notes. TRI L LIST MISSOURI OBSOLE D SCRIP G OF E NOTES Whole No. 81 Page 149 PART FIVE by Bruce W. Smith This listing is by no means a definitive catalog of Missouri's paper currency but rather a first attempt at cataloging these elusive and often obscure notes. It is sincerely hoped that anyone having any of these notes (or any not listed here, or having further information, will contact the author c/o Neil Sowards, 548 Home Ave., Ft. Wayne, IN 46807. ST. JAMES Maramec Iron Works scrip. In 1826, Thomas James and Samuel Massey of Ohio organized and over the next three years constructed the Maramec Iron Works in an uninhabited area of the Missouri Ozarks. The furnace began operations in 1829 and was an important industrial concern until it was forced into bankruptcy in the 1870's. Massey handled the actual operations of the works, while Thomas James remained in Ohio to manage his iron works and banking interests in the Chillicothe area. In 1844, James sent his son, William, to manage the works. William James, founder of St. James, managed the Maramec works until it was finally closed and also organized the Ozark Iron Works, another issuer of scrip. As early as the 1840's or 1850's, James was paying his workers with a crude scrip made out to the individual with handwritten amounts. This early scrip is said to have circulated locally, but I have encountered no examples of it. In 1869, however, in violation of federal law, James had banknote-quality notes printed by the National Banknote Company. These notes circulated in the area for nearly ten years. In 1874, the State of Missouri fined the company $1,000 for issuing the scrip, but this did not prevent its circulation. In 1878, the company was forced into bankruptcy when James R. Bowman of St. James presented several thousand dollars worth of the scrip for redemption. All of these notes are dated February 1, 1869, and all of those known to the author are signed by William James. During that year, however, David Carson became the actual manager of the works and it is possible that some notes may bear his signature. $1 No description. $2 February 1, 1869 C. Numeral 2. R. Dog's head; 2 on a die above. L. Woman's portrait; sheep above. Imprint: National Bank Note Company. $3 No description. $5 February 1,1869 C. Men and horses. R. Woman's portrait: 5 on die above. L. Man standing: FIVE above. Imprint: National Bank Note Company. ST. JOSEPH Bank of the State of Missouri (branch). Opened 1859. Closed 1866 and succeeded by the State National Bank. This bank's building at 4th and Felix streets was constructed on land donated for that purpose by Joseph Robidoux, founder of the city. The building now houses the Missouri Valley Trust Company. One of the bank's officers, Robert M. Stewart, later became governor of the state. $5 same design as parent branch issues. $40,000 of this denomination was in circulation by February 1861. $10 same design as parent branch issues. $40,000 of this denomination was in circulation by Feb- ruary 1861. $20 same design as parent branch issues. $80,000 of this denomination was in circulation by February 1861. Notes of $1, $2, and $3 denominations may have been issued after 1861. First National Bank of Buchanan County. Organized in 1894, this bank issued, in addition to its National Currency, emergency scrip during the panic of 1907. The only denomination known is a $1.00 note dated November 16, 1907, with the state arms to the left. The note is in the form of a cashier's check, and it is possible that other denominations were issued. At least one other bank and a i, "JP ...lblarg9fflitt 61,beirimAreleNwr,,,,ff -.rem . . ,fir vrit, _ Page 150 the Clearing House itself are known to have issued scrip in St. Joseph during 1907. Merchants Bank of St. Joseph. An undated $1.00 note issued by this bank during the panic of 1907 is known to exist. Printed by Combe Litho. of St. Joseph in black on gray, watermarked, security paper, the notes have the state seal to the left. St. Joseph City Warrants. In 1878, under mayor Joseph A Piner, the city authorized the issue of warrants for circulation in denominations of $1 and $2. Signed by the mayor and the "register", $100,000 worth of these notes were put into circulation beginning in August of 1878. The First redemption of this scrip came in 1885 when $35,000 was redeemed. The following year, $25,000 was retired. In succeeding years nearly all of the issue was redeemed. In 1882, under Mayor Posegate, a new issue was circulated to replace worn notes. None of these are known to exist. Another attempted issue occurred in 1885 but was stopped by James Craig, city comptroller, who refused to certify the appropriation of $800 for the purpose on the grounds that the whole issue was illegal. Though the printed date on the notes is "187_" examples are known with the date changed to 1880. Paper Money L. Several men, one on horseback Imprint: American Bank Note Company, New York. St. Joseph Clearing House Association Scrip During the 1907 panic, the Clearing House issued two series of scrip, one for use between banks and the other for general circulation. Of the large denomination interbank issue, little is known. The first issue was on October 28, 1907 and the last note was retired January 23, 1908. The total issue amounted to $515,000. The only known note in this series is a $1,000 denomination dated November 2, 1907, which is lithographed and contains five signatures. $1 1878 C. State arms. R. Farmer with corn stalks. L. Two girls with wheat $2 1878 C. Girl's portrait R. Man and two horses. General Circulation Series $1 December 2, 1907; Yellow and black. $2 December 2, 1907; Pink and black. $5 December 2, 1907; Green and black. $10 December 2, 1907; Grey and black. All four of these notes were printed by Western Bank Note & Engraving Company of Chicago. The notes were first issued December 12, 1907 and the last was retired January 20, 1908. A total of $180,000 was issued. Six banks were involved in the issue of this scrip: the German-American Bank, Tootle-Lemon National Bank, Burnes National Bank, St. Joseph Stock Yards Bank, First National Bank of Buchanan County and Merchants Bank of St Joseph. The last two mentioned are also known to have issued their own scrip during 1907, and it is possible the others did as well. Western Bank of Missouri (parent branch). Authorized 1857 but not operating till 1859. This was one Whole No. 81 Page 151 to the bank of issue chartered by the state in 1857 and had branches at Fulton, Glasgow, and Bloomington. Branches are also reported for Arrow Rock, Alexandria, Chillicothe and St. Louis, but it is unlikely that any of these ever opened. The bank and all its branches closed in 1866. $1 C. Two Negros breaking flax with numeral 1 to left and right. B. Seated girl with sickle and grain; house in distance. $2 Two girls with grain and sickles, numeral 2 to either side. R. Female Portrait with 2 above. L. Little girl's portrait with TWO below. $5 C. Three cows standing beside a stream, another lying down, three sheep in the distance. R. Portrait of a little girl with numeral 5 above. L. State arms with 5 above and below. $140,000 of this denomination issued through February 1861 $10 C. Man standing beside a horse, boy on horseback; two men in a canal boat, train of cars and steamboat in background. R. Girl feeding chickens, 10 above. L. Portrait of a lady, 10 above. $104,000 of this denomination were issued through Feb. 1861. $20 C. Man on horseback shooting buffalo, with more buffalo in background R. Portrait of an old man with 20 above. L. A beaver with 20 above. $78,000 of this denomination had been issued through August 1860, but only $66,000 was in circulation by February 1861. Note: The $1 and $2 notes were issued late in 1861 or early in 1862. Woolworth & Company Scrip. An under dated 5-cent pink and black note is known but it is not clear where or when the note was issued. The text of the note refers to Woolworth & Co. (St. Joseph and Hannibal, Mo.), Woolworth & Moffat (Colorado Territory) and Woolworth & Graham (New York). Since Colorado was a territory from 1861 to 1876, we may tentatively date the note to that period. A 10 cent denomination with running dog and 10 above is also known. ST. LOUIS (will appear at the end of this listing.) SARCOXIE J. W. and A. J. Woods scrip. A $2.50 note dated April 23, 1862, printed on brown paper, and redeemable in Confederate notes, is known. The specimen in the May 1977 NASCA sale was endorsed by "Woods Bros." SAVANNAH Bank of Commerce (branch). Though listed in some sources, this bank never opened. Bank of St. Louis (branch). Reportedly opened in 1859, but I can find no evidence that it was in operation prior to February 1861. Probably never opened. Southern Bank of St. Louis (branch). Authorized February 1859. Closed 1867 or later. $5 same design as parent branch issues. $90,000 of this denomination issued through February 1861. $10 same design as parent branch issues. $80,000 of this denomination issued through February 1861. Note: $1 and $2 notes may have been issued after 1861. SEDALIA City of Sedalia Scrip. The city issued a self-liquidating currency in 1933. Signed by the city clerk and the mayor, the note was redeemable when 52 two-cent stamps (sold by the city) had been attached to the back. The note is printed in blue has a numeral 1 in each end and a seated figure with a globe center. Only the $1 denomination is known. Sedalia Clearing House Scrip. During the panic of 1907, the Clearing House authorized the issue of checks payable only through the Clearing House as a general circulating currency. Denominations are unknown, but the issue totaled $100,000. The first issue was on November 15, 1907 and the last was retired January 15, 1908. SHELBYVILLE Mechanic Bank of St. Louis (branch). Reportedly opened in 1861 but I can find no evidence to support this. SPRINGFIELD Bank of the State of Missouri (branch). Opened 1843, closed 1866 or 1867. In 1852, this branch complained to the head office in St. Louis that it had not received any new bank notes for circulation since the summer of 1844. A total of $160,.000 had been received at that time (probably all in $10 and $20 notes) and by 1852 less than $140,000 remained in circulation (the St. Louis branch having destroyed the rest). In 1854, we see thal the Springfield branch's circulation increased slightly by the issue of $50 notes a denomination not in circulation there in 1852. In the summer of 1861, Federal forces removed some $250,000 in gold coin from the Springfield branch and sent it under command of Major S. D. Sturgis and General Franz Sigel to Rolla and presumably from there to St. Louis. Old Series Probably same design as parent branch issues. $60,290 in this denomination in circulation in October 1852, but this amount dropped to $47,440 by November 1854. $20 Probably same design as parent branch issue. $79,480 of this denomination in circulation in October 1852; $71,440 in November 1854. $50 probably same design as parent branch issue. $26,600 in this denomination in circulation in November 1854. No notes of this denomination reported in 1852. Later Series $5 same design as parent branch issue. Only $6,000 of this denomination in circulation in August 1858. By February 1860 the amount was $46,000 and by February 1861 $106,000. $10 same design as parent branch issues. $75,920 of Page 152 Paper Money this denomination in circulation by February 1861. $20 same design as parent branch issue. $266,640 of this denomination in circulation by February 1861. $50 same design as parent branch issue. $150,000 of this denomination in circulation by February 1861. Note: $, $2, and $3 notes may have been issued after 1861. THOMASVILLE T. E. Old Scrip. Dr. T. E. Old of Thomasville was a southern supporter during the war and raised money to support the cause. His son reportedly led a company of men for the Confederacy. The only known note issued by Dr. Old is one printed for merchants in West Plains, Mo. on which the good doctor lined our WEST PLAINS and wrote in THOMASVILLE ORG. CO. (Oregon county). The note is handsigned and dated April 17, 1863, and of course, payable in Confederate notes. VERSAILLES Bank of Commerce of St. Louis (branch). Reportedly opened in 1861, but this bank never operated. WARRENSBURG Fewel & Finley Scrip. A $2.00 note payable in Confederate notes or "Missouri War Bonds" appeared in Kagin's 1977 ANA sale. The undated note mentions General Rains' Brigade and may be a sutler issue. Southern Bank of St. Louis (branch). Probably never opened. Union Bank of Missouri (branch). Opened 1859. Closed 1859. Closed 1864 or 1866. In June 1861, the bank was closed and its money hidden under a hearthstone 2'/2 miles south of town in a house belonging to John Parr. Later that year, the money was sent to St. Louis for safekeeping. Both Confederate and Union troops looted the town. By an act of March 23, 1863. the St. Louis branch was directed to take possession of the Warrensburg branch's books and to settle its accounts . The branch was to be reopened when conditions permitted. It is not clear whether the branch ever reopened. $5 same design as parent branch issue. $50,000 of this denomination issued through February 1861. $10 same design as parent branch issue. $80,000 of this denomination issued through February 1861. $20 same design as parent branch issue. $20,000 of this denomination issued through February 1861. $50 same design as parent branch issue. $20,000 of this denomination issued through February 1861. $100 same design as parent branch issue. $20,000 of this denomination issued through February 1861. Note: $1 and $2 notes may have been issued after 1861. WARSAW Mechanics Bank of St. Louis (branch). Authorized 1857, opened late 1858. It is not clear when this branch closed. Some directories list it as late as 1867, but others omit it after 1864. According to one source, General Fremont's army burned most of the business district of Warsaw during the war and the bank did not reopen afterwards. The bank's building was still standing in 1889 but only the residence portion of the building had been used for many years previously. $5 same design as parent branch issues. $126,000 of this denomination was in circulation by February 1861. $10 same design as parent branch issues. $136,000 of this denomination was in circulation by February 1861. $20 same design as parent branch issues. $136,000 of this denomination was in circulation by February 1861. $50 same design as parent branch issues. $20,000 of this denomination was in circulation by February 1861. Note $1 and $2 notes may have been issued after 1861. WEINGARTEN Prisoner of War Scrip. The POW camp here issued scrip for the use of the prisoners during World War II. Only three denominations are known, le, 5e, and 10e, but others may exist. All are inscribed: TRADE COUPON. WEST PLAINS W. H. Campbell Scrip. There exists a one-dollar note apparently printed for merchants in West Plains, which is hand-signed and issued by one W. H. Campbell. The note is hand-dated April 13, 1863 and bears no vignette nor imprint. The text reads: WEST PLAINS, MO. RECEIVED ON DEPOSIT ONE DOLLAR PAYABLE TO BEARER IN CONFEDERATE NOTES WHEN PRESENTED IN SUMS OF TWENTY DOLLARS. Nothing has been learned about Mr. Campbell, but seemingly he was a pro- southern merchant in West Plains. There is an identical 25-cent note issued by T. E. Old of Thomasville, Missouri on which WEST PLAINS has been lined out and THOMASVILLE ORG. CO.(Oregon County) written in by hand. T.N. (or F.N.) & G. H. Templeton Scrip. A fifty-cent note is known hand-signed and issued by the Templeton's about whom nothing is known. They do not appear in the 1860 census nor in the 1880 business directory for West Plains. The text of the note may provide a clue to the nature of their business: WEST PLAINS, MO. OCTOBER 8, 1862. RECEIVED ON DEPOSIT FIFTY CENTS PAYABLE IN CONFEDERATE NOTES WHEN THE SUM OF TEN DOLLARS IS PRESENTED AT OUR OFFICE. The note has an ornate border but no vignette. WESTON Mechanics Bank of St. Louis (branch). Opened mid-1858; succeeded by Platte Savings Institution in 1865. Both the president and the cashier of this branch formed their own banks when it closed. John M. Railey, who had been both president and cashier, later Continued on page 164 Whole No. 81 Page 153 Robbery of the Mitchell Library, Sydney, Australia By William L.S. Barrett Montreal, Canada During 1978 the Mitchell Library of Sydney, N.S.W., Australia, was robbed of a number of numismatic items. These included some 60 or 70 pieces of Australian paper money, two foreign notes, and a quantity of Fijian paper from the 1871-74 period. The list that follows details most of the more important items. Unfortunately the Fiji Treasury notes, Govern- ment Debentures, etc. were not catalogued, so details will not appear here. Included in these notes were several extremely rare and historically important items, in particular the set of Trea- sury notes for the Occupation of German New Guinea in 1914, the New South Wales Treasury Pound of 1893, the Sydney Bank 5 Spanish Dollars "1821", and the Maori Bank Pound of New Zealand. As most of the notes have serial numbers or other unmistakeable features, they can be readily identified, and this will make them difficult to sell publicly. Any collector offered notes from this group should contact Miss Suzanne Mourot, Librarian, Mitchell Library, Macquarie Street, N.S.W. 2000, Australia, or contact the author at Box 9, Victoria Station, Montreal H3Z 2V4, Canada, telephone (514) 844- 5698 days, (514) 489-5935 evenings. The Library is most anxious for the return of part or all the material and would be very grateful for any help collectors can extend. PAPER MONEY Australian Occupation of German New Guinea 5 Marks 14 October 1914, serial number 02041, cancelled 10 Marks 14 October 1914, serial number 1233, cancelled 20 Marks 14 October 1914, serial number 1224, cancelled 50 Marks 14 October 1914, serial number 0106, cancelled Australian Commonwealth 10 Shillings Sheehan-McFarlane 1939, #D/98 120002, specimen 5 Pounds Sheehan-McFarlane 1939, 01/20 338002, specimen 10 Pounds Sheehan-McFarlane 1939, #V/3 076002, specimen, with covering letter 10 Shillings Coombs-Wilson (1954), MC/00 000002, specimen 5 Pounds Coombs-Wilson (1954), #WA/00 000002, specimen 10 Pounds Coombs-Wilson (1954), #W A/00 000002, specimen with covering letter 1 Pound Coombs-Wilson 1953, #HA/00 000003, specimen, with covering letter New South Wales Treasury, 1 Pound 1893, Serial #1, can- celled, with covering letter. Sydney Deposit Bank 1 Pound #A1487 5 Pounds #C1516 10 Pounds #G0208 50 Pounds #H0045 Sydney Bank 5 Spanish Dollars "1821", not numbered, with relating correspondence. Producers Bank, Sydney, 1 Pound 185-, #20492 Excelsior Bank, Sydney, 1 Pound 18--, #8015 Private Promissory Notes Aberfoil, New England, 10 Shillings, John Thacker & Co., 6 December 1854, #1780 Albert River, Gulf of Carpentaria, Queensland, 1 Pound, 1 August 1866, #2. South Australia, Two Shillings, 10 March 1837, Thomas Gilbert, serial blacked out Darling Downs 20 Shillings, 1 November 1851, two pieces #60 & #64. Hobart Town, Van Diemens Land, 42 Pounds 3 Shillings 11 Pence, 13 September 1819, by Kemp and Gatehouse. New Norfolk, Van Diemensland, 30 Pounds, October 31, 1818, by Dennis M 'Carty. Hobart Town, Van Diemens Land, Fifty Pounds, 17 Octo- ber 1818, Edward Lord. Hobart Town, Van Diemens Land, 1 Shilling, January 1, 1824, #37 by John Weavell. Hobarttown, Three Pence, by Thomas Stace, Four Pieces: #D105 16 May 1826, #D225 16 May 1826 #37 10 June 1826, #A158 28 April 1826 Hexam, "The House That Jack Built" three Pence, by John Hannel. Burra Burra Mines, Unissued notes: Five Shillings 185. Ten Shillings 185. Two pieces 1 Pound 184. 1 Pound Ten Shillings 185. 2 Pounds 184. 3 Pounds 18.. 4 Pounds 186. 5 Pounds 185. "Under . . . Pounds" 186. Sydney, Group of Three Promissory notes issued for pay- ment after the Banque Lucy Ann leaves Part Jackson, in the amounts of 3 Pounds, 3 Pounds, 6 Pounds, March 13, 1851. New South Wales, Two Miners Rights dated 1872. New Zealand KO TE Peekeo Aotearoa (Maori Bank) One Pound un- issued, quite ragged. Great Britain "Dardanelles" Ten Shillings, Bradbury, overprint, #Y125 095891. Page 154 Paper Money One Man's Adventures Collecting Illinois National Currency by Samuel W. Johnson, Jr. I live in Sparta, Illinois, population 4,300, and situated 50 miles southeast of St. Louis, Missouri. Having been a coin collector for over 25 years, about a decade ago I became fascinated with Sparta National Currency. My first example was a large size third charter $20 purchased from Rarcoa in Chicago. By advertising in Coin World, local area newspapers and the Bank Note Reporter, I slowly built my collection. I also wrote literally hundreds of letters to currency dealers (enclosing SASE) all over the United States. Now my collection consists of large size Series 1902 $5.00, $10.00 and $20.00 with blue seal plus a $20.00 red seal, and small size Series 1929 type I $5.00, $10.00 and $20.00. Type II small size Sparta National Currency has been very difficult to obtain. I know of only one example First National Bank of Sparta small size National Currency. after ten years of searching, that being in the First National Bank of Sparta's money exhibit. That is a very nice exhibit, consisting of Sparta National Currency, gold coins, silver dollars, and other pieces of miscellaneous currency. Several years ago I persuaded the bank's president to make this exhibit, although I didn't think he ever would do it! Large size Sparta National Currency outstanding amounts to $2,740. Almost $900,000 was originally issued, so 99.6% of large size Sparta Nationals have been redeemed and destroyed. My years of research tell me First National Bank of Sparta, Illinois. Total deposits $22 million as of Dec. 31, 1978; net assets, $2 1/2 million. The First National can trace its "roots" back to Nov. 2, 1885 as the Merchants Exchange Bank. It became a state bank in 1892 and a National Bank in 1903. Now has 15 full time employees. Whole No. 81 Page 155 First National Bank of Sparta large size National Currency. that approximately the same amount of small size Sparta Nationals have also been destroyed. I keep detailed records of all known Sparta Nationals and they total less than 50. Face value of known large size totals $205, (18 notes) and face value of known small size totals $285 (23 notes). I realize that there may be more specimens that I don't know about, but I have that decade of research behind these figures. "A shot in the dark" estimate is that perhaps twice the above amounts exist, but I doubt it. Even if the above face value and known notes totals were doubled, Sparta National Currency would be quite scarce. I hope that no one thinks I am too egotistic when I make the statement that it took me ten years to complete my Sparta National Currency collection (minus a type II 1929) and I am proud of it. Once in a great while I get them all out of the safe deposit box, lay them on the kitchen table and look at them over and over. This old currency "turns me on". I also collect National Currency from the First National Bank of Coulterville, Illinois and have a unique Coulterville collection. Large size Coulterville National Currency, with only $60 escaping redemption and destruction, is one of the rarest groups from any bank in any state. My collection has three large $5.00 Coulterville Nationals, or 25% of the known survivors. The possibility of another large Coulterville surfacing is very remote. (I know of another collector who also has a large $5.00 in F- VF.) My three $5.00 notes grade XF-AU (undoubtedly the finest survivor), VG, and VF-XF with no signatures. The VF-XF was displayed in the Coulterville Bank about 15 years ago and the sun faded the signatures away. The previous owner, a bank employee for 36 years, said that he could remember when the signatures were very bold! My Coulterville collection also has $5.00 small size Series 1929 type I note and a $10.00 and $20.00 type II small size. Both type II notes are scarce, as only 525 $10.00 and 204 $20.00 notes were originally issued. Coulterville is six miles southeast of St. Louis and has a population of 1,200. This collection took only two years to assemble. I have had many fascinating experiences building my National Currency collection. Advertising in the local newspaper for Sparta National Currency, I received a call from a elderly woman who had three large size date back $5.00 notes. She said she would accept my offer of $100 each for them only if the bank didn't want them! I almost fainted. If the bank offered her $100 each as I had, she was going to sell to them. Even knowing that the bank president was "tight" with his money didn't help, so I didn't sleep that night. Next day with my eyes looking like road maps and my heart pounding, I telephoned her. She said that I could come and pick them up, which I did at once. One of the notes grades AU, and the other two are nice undamaged specimens. Date back large size Sparta Nationals are almost equal in rarity to Sparta red seals. Perhaps some SPMC'ers will build similar collections and experiences from their particular home town banks. That is where National Currency belongs — in its town or city of origin. It is a tiny part of an area's history. I once had an excellent collection of National Currency from Marissa, Illinois (not as many as from Sparta). I sold it to a Marissa resident; the town is nine miles from Sparta. Sometimes I regret selling the collection, but at least it's back home. I have also located notes for individuals from Brookport and Golconda, Illinois. Both are very tough to locate and although I didn't make any money doing it for them, I did get a lot of satisfaction. In fact, I have never seen another note from either town in many years. First National Bank of Coulterville large size National Currency. First National Bank of Coulterville small size National Currency. FIRST NATIONAL SANK dF Widl IIIIPIIt Pill Of COL:I TER Page 156 Paper Money This past year has been the first I exhibited agressively. At Central States in St. Louis, my two collections shown as one placed third (tie) in the paper money category. I was very fortunate to win any award, as my work was very crude. After studying all the exhibits and getting help from Don Fisher of Currency Unlimited, Decatur, Illinois, I have made many refinements in the exhibit. So at the Illinois Numismatic Association's convention in Springfield, I placed first in paper money. During 1979 I plan to attend and exhibit at the ANA in St. Louis, the Memphis Paper Money Show, the Illinois convention in Peoria and perhaps the Indiana at Indianapolis. NOTE: I have none of my collections at home. All are in safe deposit boxes. I work on my exhibit using Xerox copies. First National Bank of Coulterville, Illinois in the heart of southern Illinois' "coal country." Total deposits almost $7 million as of Dec. 31, 1978; net assets of $750,000. Located in Randolph County, Illinois' second largest coal producing county. Several new coal mines are in operation near Coulterville and several more are in the planning stage, both surface strip and underground mines. This bank began as a private bank, becoming a state bank and finally a National Bank in 1920. It has six full time employees. Whole No. 81 Page 157 Literature Review by Paul T. Jung Please send literature for review to Paul T. Jung, 174 Artillery Loop, Ft. Sam Houston, TX 78234, or to the Editor. Schuckers, Jacob William. A Brief Account of the Finances and Paper Money of the Revolutionary War. NY: Sanford J. Durst, (1978). (Originally published by John Campbell & Son, Phila., 1874) 8vo, 128pp. $14.95 Available from the publisher at 133 E. 58th St., New York, NY 10022. This book is another title in an ever-increasing series of reprints being published by Sanford J. Durst as a service to numismatists and philatelists. The original edition, published in 1874, is scarce and seldom appears on the market. In a cover letter forwarding the book for review, the publisher notes that it usually brings in the neighborhood of $100 when it is offered at auction. Schuckers was apparently a rather well-known writer during the last quarter of the 19th century. References to this work can be found in the footnotes and bibliographies to several contemporary financial histories of the United States. The book is listed in both the Clain-Stefanelli and Sigler bibliographies of numismatic literature as well as in Newman's The Early Paper Money of America. In addition, Schuckers also wrote a full but non-critical biography of Salmon Portland Chase, Secretary of the Treasury under Lincoln. Despite a modest prominence during his lifetime, he has today faded into obscurity. Little is known of him and he is not mentioned in any of the standard biographical compendia. After reading this book and considering the numerous complete and thorough financial histories which have been published since that time, his obscurity may well be justified. Schuckers discusses the various emissions and issues of paper money during the Revolutionary War, the depreciation of the currency, and the efforts to finance the war by taxation. He covers both public and private foreign loans to the United States and the schemes and hopes expressed to raise money. The account is presented chronologically, ending with the arrangements the federal government made to assume the war debts of the individual states and to repay foreign loans. His style is somewhat rhetorical, reflecting the writing of the period and, while he cites sound authorities as his sources, the work does not indicate a very wide research. Those with an in-depth interest in this period would do much better by consulting more recent, complete and up-to-date works. Nonetheless, it is an interesting, accurate and brief account of a most important period in American history and will undoubtedly appeal to those who savor their history with an antiquarian flavor. The publisher is to be complemented for his efforts in reprinting hard to obtain references. I sincerely hope he seeks out some of the more worthwhile and authoritative works on paper money and offers them in reprint editions. Perhaps readers would like to suggest out of print books deserving the re- publications? If so, drop a note to the editor. BOOK PROJECT ROUND-UP by Wendell Wolka Late Breaking News With the deadlines required for a bi-monthly publica- tion such as Paper Money, I suppose that there is no such thing as truly "late breaking" news. Nonetheless some interesting things have occurred since last we left you! First, never let it be said that we didn't warn you! On March 15th, our Publisher, Harold Hauser, advised me that we had sold out completely our Florida obsolete note catalog, Florida Obsolete Notes and Scrip. For those of you who might have missed our earlier status report, here's a brief recap of the various books which have been printed to date: SOLD OUT — Florida, Vermont, Nevada Sixteen National Banks and Their Mining Camps. LESS THAN 100 COPIES LEFT — National Bank Notes 1929-1935, Texas. AMPLE QUANTITIES STILL AVAILABLE — Maine, Indiana, Minnesota, Mississippi. Indiana sales to date have been very encouraging, totalling nearly 200 copies. In light of the fact that we still expect to reap the benefits of recent national trade publication exposure and have sales locations planned for both Memphis and St. Louis conventions, sales for both Indiana and the rest of the series promise to continue at a strong pace. If you haven't completed your set of these tremendous catalogs yet, why not get in touch with Harold Hauser before more states are sold out. New Field Researcher Named One of our members, Robert Waszilycsak, from Arling- ton, Virginia has volunteered to act as a Field Researcher for the Project. Bob will be covering the Library of Con- gress and the Smithsonian Institution for us, trying to unearth new discoveries for our various state researchers. Without beating the subject to death, it would still be beneficial to have several additional Field Researchers helping us in the following areas: Cleveland, Ohio — Western Reserve Historical Society. Omaha, Nebraska — Boys Town Philamatic Center. New York City/Northern New Jersey — Various Museums. Can ANYONE in these three areas lend us a hand from time to time?? Please let me hear from you if you would like to explore the idea a little further. In Closing Any comments, questions, or other thoughts regarding the Book Project are always welcomed by me at Box 366, Hinsdale, Illinois 60521. If you have something on your mind, let me hear from you! Page 158 Paper Money tREAt OF ENG AVING P INTING(I' COPE PRODUCTION FEDERAL RESERVE NOTES PRINTED DURING JANUARY 1979 PRINTED DURING FEBRUARY 1979 SERIES SERIAL NUMBERS FROM TO ONE DOLLAR QUANTITY SERIES SERIAL NUMBERS FROM TO ONE DOLLAR QUANTITY 1977 A 07 680 001 B A 17 920 000 B 10,240,000 1977 B 27 520 001 E B 58 240 000 E 30,720,000 1977 B 95 360 001 D B 99 840 000 D 4,480,000 1977 B 07040001* B 07 680 000' 640,0009 1977 B 00 000 001 E B 27 520 000 E 27,520,000 1977 B 07 680 001* B 08 320 000* 640,0009 1977 B 06 400 001* B 07 040 000* 640,0009 1977 C 14 720 001 B C 35 840 000 B 21,120,000 1977 E 00 640 001 C E 28 160 000 C 27,520,000 1977 C 02 560 001* C 03 200 000* 640,000 1977 F 77 440 001 C F 99 200 000 C 21,760,000 1977 D 08 960 001 B D 37 120 000 B 28, 160,000 1977 F 03 840 001* F 04 480 000* 640,000 1977 F 04 480 001* F 05 120 000* 640,0009 1977 G 12 800 001 D G 44 800 000 D 32,000,000 1977 G 44 800 001 D G 61 440 000 D 16,640,000 1977 J 20 480 001 B J 33 920 000 B 13,440,000 1977 G 05 120 001 * G 05 760 000* 640,0009 1977 K 51 840 001 B K 67 840 000 B 10,000,000 1977 I 48 640 001 A 1 62 080 000 A 13,440,000 1977 K 03 840 001* K 04 480 000* 640,0009 1977 1 62 080 001 A 1 72 960 000 A 10,880,000 1977 L 93 440 001 C L 99 840 000 C 6,400,000 1977 1 01 380 001* I 01 920 000* 640,0009 1977 L 00 000 001 D L11520000D 11,520,000 1977 L 11 520 001 D L 38 400 000 D 26,880,000 1977 L 04 480 001 * L 05 120 000* 640,000 1977 L 05 120 001* L OS 760 000* 640,000* 1977 G 00 000 001 D G 12 800 000 D 12.800,00098 FIVE DOLLARS FIVE DOLLARS 1977 D 32 640 001 A D 38 400 000 A 5,760,000 1977 B 88 320 001 A B 99 840 000 A 11,520,000 1977 F 49 920 001 A F 63 360 000 A 13,440,000 1977 B 03 200 001* B 03 840 000* 640,0009 1977 F 01 280 001* F 01 920 000* 640,0009 1977 C 38 400 001 A C 42 880 000 A 4,480,000 1977 G 94 080 001 A G 99 840 000 A 5,760,000 1977 G 87 680 001 A G 94 080 000 A 6,400,000 1977 G 00 000 001 B G 01 280 000 B 1, 280,000 1977 G 01 920 001* G 02 560 000* 640,0009 1977 H 18 560 001 A H 28 160 000 A 9,600,000 1977 L 67 840 001 A L 73 600 000 A 5,760,000 1977 J 40 960 001 A J 49 280 000 A 8,320,000 1977 L 73 600 001 A L 81 280 000 A 7,680,000 TEN DOLLARS 1977 B 00 000 001 B B 09 600 000 B 9,600,000 TEN DOLLARS 1977 B 03 840 001* B 04 480 000* 640,0009 1977 A 49 920 001 A A 65 920 000 A 16,000,000 1977 C 40 320 001 A C 46 720 000 A 6,400,000 1977 B 09 600 001 B B 31 360 000 B 21,760,000 1977 G 84 480 001 A E 90 880 000 A 6,400,000 1977 E 30 720 001 A E 41 600 000 A 10,880,000 1977 I 03 840 001 A 1 09 600 000 A 5,760,000 1977 J 23 040 001 A J 28 800 000 A 5,760,000 1977 00 012 001* 1 00 640 000* 256,0009 1977 J 00 640 001* J 01 280 000* 640,000 1977 K 25 600 001 A K 29 440 000 A 3,840,000 TWENTY DOLLARS 1977 K 00 000 001* K 00 640 000* 640,000 1977 B 88 960 001 A B 99 840 000 A 10,880,000 1977 B 01 920 001* B 02 560 000* 640,0009 TWENTY DOLLARS 1977 D 34 560 001 A D 44 160 000 A 9,600,000 1977 A 23 040 001 A A 30 080 000 A 7,040,000 1977 D 01 920 001* D 02 560 000* 640,0009 1977 C 19 840 001 A C 28 800 000 A 8,960,000 1977 G 58 240 001 A G 67 840 000 A 7,600,000 1977 C 00 640 001* C 01 280 000* 640,000 1977 G 02 568 001* G 03 200 000* 384,0009 1977 E 40 320 001 A E 53 760 000 A 13,440,000 1977 J 21 120 001 A J 28 160 000 A 7,040,000 1977 H 23 040 001 A H 32 640 000 A 9,600,000 1977 H 00 640 001* H 01 280 000* 640,0009 Correction to previous Report 1977 L 32 000 001 A L 41 600 000 A 9,600,000 1969C F 01 024 001* F 01 280 000* 256,0009 FIFTY DOLLARS 1974 C 00 448 001* C 00 576 000* 128,000 FIFTY DOLLARS 1977 B 07 040 001 A B 07 680 000 A 640,000 1977 B 05 120 001 A B 07 040 000 A 1,920,000 1977 C 00 000 001 A C 01 920 000 A 1,920,000 1977 E 00 000 001 A E 01 920 000 A 1,920,000 1977 I 00 000 001 A 1 01 280 000 A 1,200,000 1977 E 00 000 001* E 00 064 000* 64,000 1977 J 00 000 001 A J 01 280 000 A 1,280,000 ONE HUNDRED DOLLARS 1974 B 02 304 001* B 02 432 000* 128,000 ONE HUNDRED DOLLARS 1977 B 08 960 001 A B 10 240 000 A 1,280.000 1977 B 07 680 001 A B 08 960 000 A 1,280,000 1977 B 10 240 001 A B 12 160 000 A 1,920,000 1977 E 01 920 001 A E 03 200 000 A 1,280,000 1977 C 00 640 001 A C 01 920 000 A 1,280,000 1977 J 00 000 001 A J 02 560 000 A 2,560,000 1977 G 04 480 001 A G 07 680 000 A 3,200,000 1977 J 00 000 001* J 00 064 000* 64,000 1977 G 00 064 001* G 00 128 000* 64,000 1977 J 00 064 001* J 00 128 000* 64,000 1977 I 00 000 001 A 1 01 920 000 A 1,920,000 /1 A star note is used for the 100,000,000th note in a series since the numbering machines provide for only eight digits. # Indicates Printing Other Than COPE ## Indicates Correction to Previous Report Whole No. 81 Auction Action:: Stanley Gibbons "Scripophily" auction sale of Nov. 24, 1978. London. (The following results represent, in the words of the auctioneer, "prices realized or prices at which lots were bought in, having failed to reach their reserve". All de- scriptions taken from auctioneer's catalog.) Est. Real. AUSTRALIA Industrials Australian Agricultural Company: Share for £100, Dec. 1824, printed by Perkins & Heath, London. View of Sydney, top centre. VF £45 90 AUSTRIA Government Securities Bohemia — 3.3% Loan of 1763: "Specimen" Bond for 15 Gulden, with all five Coupons. (Formulare). VF £65 95 BRAZIL Railways Brazil Great Southern Railway Co. Ltd: £400 worth of 6% Debenture Stock, 24th July 1918. F £8 20 Brazil Railway Company: 4'/z% 60-year Bonds, set of three, 1st July 1909, denominated at £20, £100 and £200, vignette of train crossing bridge. F to VF 3 £60 50 — Ditto, single Bond for £100 with same vignette in blue. VF £22 20 CANADA Railways Grand Truck Railway Company of Canada: £1,000 worth of Third Preference Stock, 29th November 1917. VF £17 25 — £1,000 worth of Consolidated Stock, 3rd May 1918. VF £15 25 Miscellaneous The Pier Island Syndicate, Vancouver: Prospectus issued by The British American Agency in 1912. VF £12 7 CHINA Government Securities Republic of China, 6% Two-Year Secured Gold Loan Treasury Notes: Bond for 1,000 U.S. Dol- lars, 1919, vignette of Pagoda top centre, printed in yellow and black. The rarest Chinese issue (un- listed by Drumm/Henseler) VF £340 390 Republic of China, Secured Sinking Fund: Bond for 1,000 U.S. Dollars, 1937, vignette of Pagoda top centre, printed in slate blue and black (un- listed in Drumm/Henseler), equally rare as 1919 Gold Loan Treasury Notes VF £325 460 Page 159 Est. Real. FRANCE "Prices Quoted List" List of Stocks and Prices Quoted: Part printed, part hand-written Paris, 9th April 1763. EF £14 85 Banks, Finance & Property Companies Societe Generale du Credit Foncier: Bond for 1,000 Francs, 8th October 1851. EF £30 52 Industrials Compagnie Francaise du Telegraphe de Paris a New York: Bond for 500 Francs, Paris, 27th March 1879. VF £13 18 Compagnie Franco-Americaine: Bond for 500 Francs, undated. VF £13 9 GERMANY Government Securities Lottery Loan of His Serene Highness the Prince Elector of Hesse-Cassel: Stake of £5 Sterling, 21st December 1850, text in English. F £65 120 Municipal Issues City of Munich — 7% Gold Loan: Bond for 1,000 U.S. Dollars, 1st August 1925, text in English. VF £15 28 Public Utilities Ruhr Gas Corporation — 61/2% Secured Sinking Fund: Bond for 1,000 U.S. Dollars, 1st October 1928. Series A. VF £15 17 GREAT BRITAIN Industrials British America Corporation: 100 Ordinary Shares, 3rd May 1898. A particularly attractive example, printed by Waterlow & Sons, vignette of "Commerce" with Locomotive & Steamship. VF £15 52 South-Sea Company: Annuities Receipt for £81- 9s.-4d., 16th March 1730, part printed, part filled- in by hand. VF £28 100 IRELAND "Sealed Bond" Sealed Bond: For £500 Sterling, between William Cooks and James Agar, 31st March 1711, printed sheet, completed by hand. F £28 30 NETHERLANDS Banks Bank der Vereenigde Staten van America; Phila- delphia: Bond for 100 U.S. Dollars, Amsterdam, 13th October 1841. VF £35 36 —Bond for 100 U.S. Dollars, Amsterdam, 22nd January 1842. EF £55 54 NICARAGUA Shipping Companies The Accessory Transit Co. of Nicaragua — 7% Loan: Bond for 1,000 U.S. Dollars, 13th Novem- ber 1855, the Principal payable to Charles Morgan & George A. Hoyt or bearer on the 31st May 1856, both their hand signatures present. Paddle steam- ship top centre. VF £38 105 RUSSIA Government Securities Government Perpetual 5% Annuity: Bond for £518 / 3,360 Roubles, 1822, with the embossed stamp of N. M. Rothschild, the London Agents. Fair £160 190 Page 160 Paper Money Est. Real. Est. Real. Russian Government 6% External Loan: Bond for 1,000 Roubles, issued by Van den Broeke & Comp. in Amsterdam, 7th October 1824. F £65 20 SPAIN Government Securities Accion de la Real Compania de San Fernando de Sevilla: Bond for 250 Pesos in Specie, 10th June 1749. A very attractive, well-engraved "period piece", vignettes of King and Queen with sea- scape and Galleon, view of town at left and various allegorical vignettes. VF to EF (Plate 7) £330 1600 UNITED STATES Government Securities Massachusetts War Committee — 6% Bearer Notes: For £30, 25th December 1776, signed by H. Gardner (Treasurer), D. Jeffries & H. J. Hill. VF £135 110 — Similar item for Ten Pounds, 8th July 1777, signed by H. Gardner (Treasurer), D. Jeffries and E. Wales, repaired otherwise F. £120 95 Massachusetts — 6% Bonds: Certificate made out for £18, 19s., 1st December 1777, signed by H. Gardner (Treasurer). Coats of Arms top left: re- paired, otherwise VF £175 130 — Another example made out for £15, 5th Feb- ruary 1780, signed by H. Gardner (Treasurer). F £125 100 —Another example for £66. 16s., 1st March 1781, signed by H. Gardner (Treasurer), repaired, other- wise F. £160 120 Commonwealth of Massachusetts — 6% Bonds: Certificate for £15-11s-7d. to Joseph Adams in Gold or Silver in "Spanish Milled Dollars", dated May 1788. F £160 120 The State of South Carolina — 5% Loan: Bond for £250, Act of June 1st 1838. (Criswell 38a. Rarity 10), seated figure of Commerce with Train & River Steamer in background. VF £38 52 The State of South Carolina — 6% Loan: Bond for 500 Dollars, Act of 21st September 1866, vignette of Cotton picking and loading on Waggon top centre; complete with all coupons (unlisted in Criswell). EF £18 34 — Bond for 1,000 Dollars, Act of 11th March 1869 (Criswell 69b. Rarity 6), unissued with all the cou- pons, vignette of G. Washington, Negro picking cotton, Warship of period. EF £22 46 — Stock Certificate for 1,000 Dollars, Act of 23rd March 1869, unissued. (Criswell 69c. Rarity 9), vignette of Washington, Negro picking cotton, warship of period. VF £17 48 — Bond for £100, Act of October 1st 1871. (Cris- well 71a. Rarity 10), vignette of Cotton Boll top centre, complete with all coupons. V F £30 110 Municipal Issues 6% Loan of the City of Philadelphia: Bond for 1,000 Dollars, 10th January 1872, ten vignettes, incl. City Hall, Locomotive, George Washington etc. V F £28 19 City of Jersey City (N.J.) — 51/2% Water Bond: For 1,000 Dollars, 1st August 1920 signed by "Boss" Hague (former Mayor). EF £8 11 Banks, Finance & Property Companies Bank of Kentucky — Capital Stock: Ten Shares, 4th October 1842, allegorical vignettes. VF £20 18 First National Bank of Toledo: Nine $100 Shares, 1st August 1864, attractive rural scene vignette top centre: VF £20 15 I.O.S. Ltd.: (Investors Overseas Services); Ten Bearer Shares, 19th March 1971, printed signa- ture of Bernard Cornfeld. EF £12 40 Mission Development Company: One Hundred Shares, 1954, signed by the late Paul Getty. EF £6 12 —Eight Shares, 1955, similarly signed. EF £5 16 Otsego County Bank: Share Certificate, c. 1840- 60, unissued. Unc £6 7 Stafford Meadow Coal Iron City Improvement Company: $100 First Mortgage Bond with 6% interest, 19th January 1858. Seven allegorical vignettes around bond. VF £28 20 Washington Hall — 6% Loan: $350 worth of Stocks, 1st July 1817. F £15 16 Industrials Edison Phonographs Ltd.: Share Certificate for 200 shares, 17th March 1917, made out to "Thomas A. Edison" by hand. VF £110 170 Marconi Wireless Telegraph Company of Amer- ica: Ten $5 Shares, 15th April 1919. VF £5 11 E.I. du Pont de Nemours Powder Co.: Subscrip- tion Warrant for Hercules Powder Co. 6% Bonds; 1913, unissued. (Du Pont were the famous ex- plosive manufacturers of the Civil War and World War I). VF £25 15 Playboy Enterprises, Inc.: Certificate for 1 Share, 4th April 1977, vignette of a seductive and attrac- tive naked lady. EF £17 40 Universal Lasting Machine Company: Thirty $100 Shares, 18th February 1890; two seated figures top centre, train and ship in background; repaired, otherwise VF £5 10 Mining Companies The Gold Mines of Cana: Twenty Shares January 31st, 1878 (location of Works at Cana, Panama & Colombia U.S.). VF £12 15 San Juan Consolidated Co.: One Hundred $100 Shares, 28th October 1875. Allegorical vignette at left. VF £9 12 Express Companies American Express Company: Share Certificate for 500 Dollars, 12th September 1860, handsigned by Wm. Fargo and Henry Wells. VF £160 340 — Similar certificate, dated 31st October 1864, handsigned by Wm. Fargo and Henry Wells. VF £160 230 Merchants Union Express Co.: Thirty 100 Dollar Shares, 28th September 1867, vignette of the Company's Waggon, Train and Steamship, in black and green; tear on bottom left, otherwise VF £70 70 Railroads The Baltimore & Ohio Railroad Co. — New York: Whole No. 81 Page 161 Est. Real. Est. Real. Certificate for 100 Shares, c. 1890's, unissued with counterfoil, vignette of very early train, scarce type in green. EF £12 — Similar lot. EF £12 — Certificate for 100 Shares, 24th September 1903, vignette of a very early train, in brown VF £10 Boston Elevated Railway Co.: Forty-five Shares of $100 each, 6th May 1913, vignette of "Over- head" electric train. VF £9 Boston and Providence Railroad Corporation: Two $100 Shares, 22nd June 1871, two interesting railway scenes, cut-cancelled at bottom, otherwise VF £16 Central Transporation Company: Two Shares, 11th October 1875, vignette of passenger train. V F £23 Chicago, Burlington and Quincy Railroad Co.: 100 Shares, 15th November 1900, vignette of loco- motive, river steamer in background. VF £10 Chicago and Eastern Illinois Railroad Co.: Set of four issued Share certificates, two Common and two Preferred, 1891 to 1904. £28 Eastern and Western Air Line Railway Co.: First Mortgage Bond, for 1.000 Dollars, 19th April 1886, large format with eagle and flag. VF £22 The Gordon Heights Railway Company: Share Certificates, inissued, 189-, Coat of Arms top centre, blue. VF £8 Hudson & Manhattan Railroad: Preferred Shares, unissued, c. 1913, vignette of underground train, black and orange. Unc £11 The Keokuk and Des Moines Railway Company: Share Certificate, unissued, 18—, very attractive railway and river vignette. Unc £20 Missouri, Kansas and Texas Railway Company: 100 Shares of the Capital Stock, 6th June 1889, signed by George J. Gould. VF £24 The New York and Harlem Railroad Co.: One Hundred Shares, 2nd April 1872, signed W. H. Vanderbilt, vignette of train of the period, scarce type, hole-cancelled otherwise VF £24 The New York, New Haven and Hartford Rail- road Co.: 50 Year — 31/2% Debenture for 10,000 Dollars, 23rd March 1905. VF £25 — 50 Year — 3'/2% Debenture for 5,000 Dollars, 1st January 1906. VF £22 — 50 Year — 4% Debenture, for 10,000 Dollars, 22nd March 1926. VF £22 — Similar lot. VF £22 — Similar lot — but dated 25th November 1927. VF £22 New York & Oswego Midland Railroad Co.: Bond for 500 Dollars of the Town of Volney, January 1st 1868. VF £13 Syracuse Northern Railroad Co.: Bond for 100 Dollars, of the Town of Richland, 1st March 1870, fine railway vignette. VF £15 The United States Car Company: Certificates for 10 Common Shares and 10 Preferred Shares, 2nd June 1894, vignettes of Train of the period. EF £20 26 Wichita Falls and Southern Railway Co.: 5% First 16 Mortgage Gold Bond, for 1,000 Dollars, 15th 16 February 1909, vignette of speeding passenger train, green and black. VF £20 19 Transportation Companies 15 Morris Canal & Banking Company: Two $100 Shares, 29th June 1859, vignettes of canal scenes. VF £20 14 16 Norwich & New York Transportation Co.: Share Certificate, unissued, 18—, Paddle Steamer top centre. EF £7 10 Miscellaneous 29 The Irish Republic: Bond for 5 Dollars, 1866 — also Printer's Proof of same, engraving of main vignette and Bond for 20 Dollars 186— Fair to 17 EF £1,200 925 Republic of Ireland: Bond for 10 Dollars, 186 — payable at 6% per annum upon the Independence 15 of the Irish Nation. F £75 48 — Bond for 10 Dollars, issued by Sinn Fein in America, 21st January 1920, printed signature of 34 E. de Valera. VF £40 60 Confederate States of America 8% Bond for 1,000 Dollars, issued at Montgom- 32 ery, 1st May 1861 (Criswell type 8). VF £22 25 Bond for 100 Dollars, Act of August 19 1861 (Criswell 41, Rarity 7), vignette of General Pierre 8 G. T. Beauregard. VF £17 22 Military Defence of the State of South Carolina — 7%o Loan: Bond for 1,000 Dollars, Act of 21st 16 December 1861 (Criswell 61d. Rarity 9), vignettes of Allegorical figures and State Seal, unissued. VF £20 50 32 Bond for 500 Dollars, Act of August 19 1861 (Criswell 66, Rarity 6), vignette of T. H. Watts. F £15 20 30 7% Loan: Bond for 100 Dollars, 2nd March 1863 (Criswell type 120), vignette of Confederate Of- ficer by tree. VF £14 21 8% Loan: Bond for 100 Dollars, 6th March 40 1863 (Criswell 43), vignette of J. P. Benjamin at centre. VF £17 29 6% Loan: Bond for 1,000 Dollars, 1st April 26 1863 (Criswell type 130), vignette of Old Customs House, Richmond. VF £17 30 21 7% Cotton Loan: Bond for £500/12,500 Francs, 1st June 1863 (Criswell Rarity 10) VF £85 100 15 — Similar lot. VF £85 90 15 — Bond for £1,000/25,000 Francs, 1st June 1863 (Criswell Rarity 10). VF £110 160 23 Book of Printer's Proofs "The American Bond Detector" and "Complete History of all the United States Government Se- 22 curities, under the Sanction of The Treasury De- partment, Washington D.C." (published 1869). Comprising several Proofs of U.S. Government 32 Bonds of the 1861 to 1868 period, a number vignettes, Artwork proofs, illustrations of con- Continued on Page 170 No Photo Available at Time of Publication Page 162 Paper Money MEET THE CANDIDATES ForSPMC Board As required by our Constitution, one-third of the Board of Governors is to be elected each year for a three-year term. This year we have six people running for the five vacancies. So that you may have a little better idea of each candidate's background, interests, and ideas, we have put together a thumbnail sketch of each individual along with his picture where possible. Elsewhere in this issue you will find your mail ballot. We of the Nominating Committee strongly urge you to exercise your voting franchise and return your ballot as soon as possible. In this important year, in which the Board of Governors will elect a new President and Vice- President, your vote does count! Respectfully Submitted, Wendell Wolka, Chairman Harry Jones George Wait Mike is 40 years old, married, and has three children. His "outside" interests include bowling and contract bridge. Mike's paper money interests include U.S. small size notes, large size star notes, and St. Louis Federal Reserve Notes and Federal Reserve Bank Notes. Other related areas of interest include Captain Cook items, souvenir cards, and U.S. stamps. Mike is a member of the Memphis Stamp Collectors Society, IBNS, CPMS, BRNA, TSNS, ANS, American Revenue Association, Essay-Proof Society, SPMC, ANA (Life Member), Mississippi Numismatic Association, PMCM, and the Memphis Coin Club. He has held the following offices: Memphis Coin Club: Past President, Vice President and Treasurer; Current Vice-President and Chair- man of the International Paper Money Show ANA: Club Representative for the Memphis Coin Club Paper Money Collectors of Michigan — Past Board Member and Vice-President Mississippi Numismatic Association: Board Member SPMC: Member of the Board of Governors C. JOHN FERRERI John's interests are centered in obsolete New England currency. His travels in search of these specimens have brought him in contact with literally hundreds of collec- tors and fellow SPMC members in New England and along the East Coast. John is currently working on the Connecticut volume in the Society's Wismer Update Project and has been a faithful and longtime contributor of articles to Paper Money. For the past four years John has been one of the work- horses of the Society, serving as our Treasurer and as a member of the Board of Governors. John informs us that he "would welcome the opportunity to represent you for another term on the Society's Board of Governors. - RICHARD JONES Richard has lived all his life in Roanoke, Virginia, where he is employed by the Old Dominion Bridge Company. His wide-ranging collecting interests include Virginia Colonial, bank, city, county, and private scrip as well as Virginia National Bank notes. In addition he also has an interest in early counterfeit detectors and other books and pamphlets related to early banks and banking. Richard is a charter member of SPMC and also is associated with the Virginia Numismatic Association (life MIKE CRABB Whole No. 81 Page 163 member), ANA, ANS, BRNA, MANA, and SCNA. He has held the following offices: VNA: Secretary-Treasurer Member of the Publications Committee SPMC: Member of the Board of Governors Gary has a masters degree in business and is presently employed as an officer in the Air Force in the comptroller career field. Gary has been a numismatist for over twenty years. His paper money specialities include errors, military payment certificates, large size nationals, and large size types. Gary is past president of the Colorado-Wyoming Numismatic Association, Colorado Springs Coin Club, and Silver Sands Coin Club. He is a former board member of FUN and is presently treasurer of OIN. Gary holds life membership in ANA, FUN and CWNA. He is a member of OTACS and the Canadian Numismatic Association. Gary supports the following items which are of major interest to most SPMC members: a sound financial footing for SPMC, an annual paper money show, a strong educational program, and an outstanding Paper Money publication. BOB MEDLAR Bob, currently serving as President of SPMC, is a well- known numismatic dealer in San Antonio, Texas. He has been a paper money collector since 1952. Specializing in Texas currency, he wrote the definitive SPMC listing on this subject. Bob has been an SPMC member since 1962. A life member of ANA, he served on the 1969 U.S. Assay Commission. Bob is standing for election to the Board in order to provide continuity and assistance to the succeeding President. He has been a banker since 1947. Steve is a Vice-Presi- dent and Branch Administration Director for the Wil- mington Savings Fund Society, Delaware's second largest bank. He is active in a number of community projects and has been campaign chairman for the Kent County campaign drives for the United Way and Ameri- can Cancer Society. He was recently appointed by Delaware's Governor DuPont to serve a fourth term on the State Council on Banking, and is a member of the Dover Rotary Club and a Board Member of the Dover YMCA. Steve became the first Delaware collector to win the coveted Best-In-Show award at the ANA convention last August in Houston, Texas, with a display of U.S. paper money, his speciality. He has been an active exhibitor for the past four and a half years and has won approximately 35 Best-In-Show awards at most major shows on the East Coast. Founder of the Kent County Coin Club of Dover which now numbers over 160 members, Steve has held every office in the Club and currently acts as editor of their monthly newsletter. He is President of the Milford, Delaware Stamp and Coin Club, and a member of the Board of Directors of the Virginia (VNA) and Middle Atlantic (MANA) Numismatic Associations. A past Vice- President of the Maryland Numismatic Association, he holds memberships in 24 U.S. and Canadian organi- zations including SPMC, PMCM, ANA, CCNE, and CCCC. Steve is currently seeking a spot on the ANA Board of Governors and serves as the ANA District Representative for the State of Delaware. GARY E. LEWIS STEPHEN R. TAYLOR Page 164 Paper-Money BARBARA R. MUELLER The Buck Stops Her In this issue you will find the latest information avail- able at the time of this writing (April 1) on the Third International Paper Money Show in Memphis, June 14- 17, in which our SPMC will play a major role. Needless to say, reservations for accommodations should be made at once; ask Mike Crabb, P.O. Box 17871, Memphis, TN 38117 for hotel cards, and while you are doing that, order the banquet tickets you will require. Through a fortuitous set of circumstances involving members of our sister organization, the Essay-Proof Society, and Larry Adams, famed author Murray Teigh Bloom has agreed to address the banquet meeting. Those of us who have read his fascinating books on monetary and currency subjects will be interested in hearing about his new work on paper currency, which should certainly stimulate interest in syngraphics. While you are at Memphis, tear yourself away from the wheeling and dealing of the bourse long enough to attend the SPMC Board meeting on Thursday, June 14, at 4 PM. Meet your officers and make suggestions for improving SPMC and PAPER MONEY. If all goes well, I expect to be on hand for your brickbats and, hopefully, a few bouquets! I am anxious to renew old acquaintances and make new ones, especially among potential authors. Per- haps you are harboring some ideas for PM articles and need some guidance; perhaps you have a complaint about our coverage of syngraphic subjects. Just step up and speak up. We all will listen. Also, remember our educational program with Gene Hessler on Friday, June 15 at 7 PM. Among other things, Gene will be introducing his new book on U.S. paper money essays and proofs. Yes — We Know How to Spell "Scrip"! Everyone associated with PM was distressed by the glaring misspelling of the word "scrip" in the March/April 1979 issue, no. 80. It appeared in a cover caption, in the table of contents and in the headline of William J. Harrison's article "A Check List of Some Scrip Printed from Three Basic Plates" on page 72. When I dis- covered these typos, I immediately checked out Mr. Har- rison's manuscript and the proof of it; in both instances the spelling was correct. To understand how the errors came about, then, one has to understand how PM is produced. As editor. I work with authors, soliciting manuscripts and corresponding about them. I prepare all manuscripts for publication and conduct all advertising business. During the month preceding a deadline, I feed copy at weekly intervals to Krause Publications, where it is set up. Proof of the body of the articles is sent to me for checking only once. I am not able to inspect corrected proof for accuracy but have to rely on the Krause staff to do that job. (Unfortunate- ly, some of them are not syngraphists but still take on the task of "correcting - what they perceive to be errors.) Finally, I prepare a list of articles which must go in each issue together with the suggested arrangement and send both on to Krause with final instructions. They add the display type headlines, make up the table of contents and cover, and prepare the negatives. You can see, then, that the errors occurred in this final step of the process. Now that I have identified this troublesome area in pro- duction, I can attempt to eliminate similar errors in the future. However, we all must keep in mind that PM is a non-profit operation, and as such we cannot indulge in the close control that would be possible if the typesetter and layout artist were in the same building or even city with the editor. Actually, under the circumstances, I feel that all concerned do a pretty good job. BRM MISSOURI Continued from Page 152 purchased the Platte Savings Institution, successor to the Mechanic branch. $5 same design as parent branch issue. $84,000 of this denomination had been issued through February 1861. $10 same design as parent branch issue, $124,000 of this denomination had been issued through February 1861. $20 same design as parent branch issue. $136,000 of this denomination issued through February 1861. $50 same design as parent branch issue. $35,000 of this denomination issiu.d through February 1861. $100 same design as parent branch issue. $15,000 of this denomination issued through February 1861. Note: $1 and $2 notes may have been issued after 1861. LOCATION UNKNOWN Col. White's Regiment Scrip. A one-dollar sutler note signed by John Patterson and dated 1862 appeared in Kagin's 1977 ANA auction. The note is payable in Confederate notes or "Missouri Bonds", the latter undoubtedly being the state notes issued by Clairborn Jackson's pro-southern government- in-exile. No town or state is mentioned on the note; the only basis for the Missouri attribution is the mention of the Missouri bonds. I have been unable to find any reference to a Col. White in or near Missouri. He may have been a guerrilla. TO BE CONTINUED The next few installments of this series will cover the St. Louis issues, which are more prolific and about which more information is available. Following this will be an article on the notes issued by Missouri's southern government-in-exile and the state notes issued by the wartime pro-northern government. Anyone having additional information, corrections or comments on these listings should write the author at his new address: Bruce W. Smith c/oNeil Sowards, 48 Home Avenue, Ft. Wayne, Ind. 46807. Whole No. 81 Page 165 Interest Bearing Notesi7N; This time of year always seems to be the most active for your Society officers. Dues payments involve our Secretary and Treasurer; Nominating Committee and Awards Committee actions must be completed months ahead of time to accommodate the necessarily long lead times involved in getting material to our most competent Editor, Barbara Mueller, and then to Krause Publications for make-up, back to Barbara for proofing and finally to Stowell Printers in Maryland. Sometimes I feel we all work only for the Post Office! All of this gets done only through the cooperative work of a lot of loyal members who go the extra mile so you and I can enjoy our Paper Money, and the numerous other benefits which our membership in SPMC obtains for us. This copy of PM should be in your hands just preceding the Memphis Show. Right now, if you haven't made your reservations at the Memphis Holiday Inn (Rivermont), go call. Also, if you haven't made your banquet reservations, call Mike Crabb now. Don't place an unfair burden on him to try to get you last-minute tickets. Elsewhere in this issue you have read where American Bank Note Company has printed for us a Souvenir Sheet to replace those of the BEP which, this year at least, has withdrawn from the program. This is a first time for ABNCO and the sheet will be of great interest to those who want to keep their Souvenir Sheet series going and especially to the collector of obsolete currency. The sheet is a beauty but personally I don't see why one from Texas was not selected. This new and exciting sheet came about through the efforts of former SPMC President and constant supporter, Roy Pennell, Jr., and Mr. Memphis Paper Money Show, Mike Crabb. Souvenir Sheets will not be available anywhere except through your Society. Do Not write ABNCO; they do not have any. We have established a separate sales department from them here in San Antonio. It is anticipated that income generated from the Souvenir Sheet will be set aside solely for special projects to further the hobby of collecting currency, be it U.S., obso- lete or foreign. Your election ballots are enclosed with this issue. Please take a moment or two and VOTE. You will be selecting five new board members. They and the present members will then elect the officers to serve you for the next two years. You are in effect, then, electing a new President, Vice-President, Secretary and Treasurer. So your vote is important. Ballots will be counted and the votes tallied at our St. Louis (ANA) banquet. Again, thanks to Roy Pennell for spending so much time, money and effort in our behalf. I think it is the most exciting development to come along for your society in many, many years. See ya in Memphis. SPMC ANNUAL AWARDS 1. Nathan Gold Memorial Award. Established and form- erly (1961-1970) presented by Numismatic News. Pre- sented to a person who has made a concrete contribu- tion toward the advancement of paper money collect- ing. Recipients, who need not he a member of SPMC, are chosen by the Awards Committee. 2. Julian Blanchard Memorial Award. Awarded to a member of SPMC for an exhibit, at annual ANA con- ventions, of proof notes, tie-in of stamps and paper money and/or notes with matching vignette proofs and other related material. Notes may be of any kind and of any period or country. The Awards Committee or a committee appointed for the purpose will select the recipient. 3. Award of Merit. For SPMC member (or members) who, during the previous year, rendered significant contributions to the Society which bring credit to the Society. May be awarded to the same person in differ- ent years for different contributions. Recipients to be chosen by the Awards Committee. 4. Literary Awards. First, second and third places. Awarded to SPMC members for articles published originally in Paper Money during the calendar year preceding the annual meeting of the Society. A. Elected officers not eligible if the article is pub- lished while in office; nor to an Awards Commit- tee member if voted while he is on that commit- tee. B. Serial articles are to be considered in the year of conclusion, except in case the article is a con- tinuation of a related series on different subjects; these to be considered as separate articles. C. Suggested operating procedures: The Awards Committee chairman will supply each committee member a copy of the guidelines for making awards. Using the grading factors and scoring points which follow, each member will make his selection of the five best articles published in the preceding year, listing them in order of prefer- ence. The lists will be tabulated by the chairman and the winners chosen. A second ballot will be used to break any ties. D. Grading factors and scoring points: a. Readability and interest — Is the article inter- estingly written? (20 points) Is is understand- able to someone not a specialist in the field? (10 points) Would you study the article rather than just scan through it? (10 points) b. Numismatic information conveyed — In your opinion, will the article be used by future stu- dents as a reference source? (20 points) Has the author documented and cross referenced his source material? Give credit for original research and depth of study. (20 points) Is the subject a new one, not previously researched, or a rehash? If it presents a new slant on an old subject, give proper credit. (20 points) Larry Adams, Chairman; Paul Jung, Forrest Daniel Page 166 Paper Money SECRETARY S /14: 9 HARRY G. WIGINGTON, Secretary Erola P.O. Box 4082 Harrisburg, PA 17111 Following the names and addresses of the new members is the coding: C, collectors; D, Dealer. Their collecting specialty then follows the code. NO. NEW MEMBERS 5480 Albert H. Tetrault, Jr., 656 N. Main St., Acushae, Mass. 02743; C; FRN's and Silver Certificates. 5481 David E. Everhard, 103-3 Gramercy Ct., Minot AFB, N.D. 58704; C; Obsolete bank notes $5 denominations. 5482 M.N. Bowen, 625 Monongahela Ave., Glassport, PA 15045; C/D. 5483 Hogan T. Takata, 650 S. Grand Ave., Los Angeles, CA 90017; C; Orient-MPC-USA-British Commonwealth notes. 5484 H. A. Benson, Jr., 6511 Dearborn Dr., Mission, KA 66202; C/D. 5485 Theodore R. Nellons, 1123 East Main St., Columbus, OH 43205; C. 5486 Tom Brungardt, Jr., 309 S. Main St., Pratt, KS 6712; C; Fractional Currency. 5487 A. Vernon Taylor, 6119 Wheatland Rd., Balto., MD 21228; C; Continental Currency. 5488 Jim Gerard, P.O. Box 176, Elm Grove, Wis. 53122; C/D; Mexico. 5489 Eugene C. Leipman, 31401 Drake Dr., Bay Village, Ohio 44140; C. 5490 Thomas E. DiGaaci, 6735 S. Rockwell St., Chicago, Ill. 60629; C; Obsolete bank notes. 5491 Arthur Francis, 5454 Nearglen Ave., Glendora, CA 91740; C; U.S. Fractional. 5492 Joseph D. Hahn, P.O. Box 522, State College, PA 1680; C/D; Northumberland & Centre County, Penna. notes. 5493 Richard B. Cravy, P.O. Box 1671, Lufkin, TX 75901; C/D; All paper money. 5494 Steven Feller, 367 Pike Ave., Attleboro, Mass. 02703; C. 5495 Harold G. Ashley, Jr., 3 South Main, Berkley, MA 02780; C; All paper money. 5496 Garry R. Thompson, 72 Bourke St., Tamworth, N.S.W., Australia; C. 5497 John Oechsle, 1250 20 1/2 Lane, Pueblo, CO 81006; C; U.S. small notes. 5498 Joe F. Frye, P.O. Box 22308, Memphis, TN 38122; C/D; U.S. & foreign obsolete notes. 5499 Richard N. Wolf, 443-38-2219, HQ Btry, 2nd BN, 71st ADA, APO San Fran. 96358; C; Fractional currency. 5500 Duncan MacKenzie, 35 Longview Terr., Williamstown, MA 01267; C/D; U.S. Obsolete-odd denom. fractionals. 5501 William B. McKechnie, III, P.O. Box 746, Chiefland, Fla. 32626; C/D; General, U.S. & foreign. 5502 Dan DuPont, 12757 Archwood, North Hollywood, CA 91606; C. 5503 Bud Calhoun, 25 Coach Rd., Mansfield, MA 02048; C; $1 current & S.C. 5504 James Harvey, UPB Box 3191, Las Cruces, N.M. 88003; C. 5505 Steven Crowley, 57 East Center St., Nutley, N.J. 07110; C; American Banknote printings. 5506 Daniel Sutton, 13623 Chandler Blvd., Van Nuys, CA 91401; C; U.S. large notes, Continental & Colonial notes. 5507 Roger K. Weber, P.O. Box 434, Showlow, Ariz. 85901; C; U.S. Currency. 5508 David Howard, 615 E. Wonsley Dr., #211, Austin, TX 78753; C; Obsolete bank notes. 5509 Gary L. Shrum, 505 W. Grand Ave., Corona, CA 91720; C/D; U.S. large & small notes & Fractional currency. 5510 Dan DuPont, 12757 Archwood St., No. Hollywood, CA. 91606; C; U.S. large size type notes 5511 Victor V. Fontana, 1110 Girard Dr., Louisville, Ky. 40222; C; General paper money 5512 Sidney Gilligan, 1406 Rexford Pl., Las Vegas, Nev. 89104; C. 5513 Joseph Kieselstein, 6 Ovington Circle, Westbury, N.Y. 11590; C. 5514 Steve Threlkeld, 3018 S. Willis, Abilene, TX. 79605;C; Large size notes 5515 LTC Clyde M. Reedy, HQ AFRC Box 64, APO NY 09053; C; FR Indochina, Indochina FED, Laos, Cam- bodia, & Vietnam 5516 Fred Reese, 1309 Sunset St., Polk City, Ia. 50226; C. 5517 D.S. Higgins, P.O. Box 53373, Houston, 77052; D; Dealer in Texas notes 5518 Ahmed Elseroui, Elsaraystreet Nr. 5/Flat 68, Cairo- Elmanial, Egypt; C; Egypt-banknotes & specimens 5519 Ross D. Allen, 5043 Scenic Pines #8, Memphis, Tn. 38116; C/D; 5520 H.G. Schmallen, One 2 St. S., Apt. 5-402, Fargo, N.D. 58103; C. 5521 J.M. McCormick, 6 Tennyson Ave., Bangor, County Down, N. Ireland BT 20 3SS U.K.; C; Currencies which circulate (d) within the present day Yugoslavia 5522 Ted R. Nehrenberg, M.D., 307 Placentia, Suite 107, Newport Beach, Ca. 92663; C; Large U.S. currency 5523 Aaron C. Gaizband, P.O. Box 81, Elwyn, Pa. 19063; C/D; Large & small currency and errors 5524 Joseph A. Medio, Jr., 214 S. Laurel St., Landisville, N.J. 08326; C. 5525 Glenn E. Tharp, R.D. #3, Novinger, Mo. 63559; C. 5526 Carroll J. Delery, III, P.O. Box 73244, Metairie, La. 70033; C/D. 5527 Robert L. Burton, Jr., 312 Willis St., Cambridge, Md. 21613; C; Maryland obsolete notes 5528 Neil Hooker, 6631 Chaparral Dr., Lithonia, Ga. 30058; C; Mississippi & Confederate notes 5529 Herman L. Boraker, 508 So. Main St., Rocky Ford, Co. 81067; C; Checks and drafts 5530 Gordon H. Swan, 1131 16th St. S., Wisconsin Rapids, Wisc. 54494; C; Obsolete notes 5531 Mary Brooks, 979 Strawberry, Boise, Ida. 83706; C; General paper money 5532 James R. Briggs, P.O. Box 1161, San Bernardino, Ca. 92402; C/D; British Colonial & Africa Whole No. 81 Page 167 5533 Carl Witteck, 955 N. Park Ave., Rialto, Ca. 92376; C; U.S. fractional & Confederate 5534 Harry J. Fechte, 2601 Cleveland Blvd., Granite City, Ill. 62040; C; National currency 5535 Richard Lee Day, 9807 Vieux Carre Dr., Apt. #6, Louisville, Ky. 40223; C/D; 1929 Bank notes (Kentucky) 5536 B.W. Parrish, 'Woodstock' Thorpe Lane, Guiseley, Leeds, England L520 8LE; C; U.S. Obsolete notes 5537 Gregory A. Ton, 3119 Domar, Memphis, Tn. 38118; C; Fractional, CSA, & large size notes 5538 John R. King, 2829 WNW Hwy #570, Dallas, Tx. 75220; C. 5539 James D. Lowe, P.O. Box 201, Potsdam, N.Y. 13676: C; U.S. fractional currency 5540 Peter V. Dizbon, 406 S. Main St., Apt. #2, Rochelle, Ill. 61068; C; $1.00 silver certificates 5541 Paul A. Mied, 1200 Stamford Rd., Baltimore, Md. 21207; C: Confederate, Southern States, & Maryland broken bank notes 5542 John E. Wilson, 725 The Main Bldg., Houston, Tx. 77002; C; Texas notes 5543 S.F. Kasprzyk, Ph.D., 462 Maynard Dr., Buffalo, N.Y. 14226; C/D; Obsolete notes 5544 Helen L. Wallace, P.O. Box 431, Keokuk, Iowa 52632; C/D; Nationals 5545 Jack Mishler, 901 N.W. Maple, Ankeny, Ia. 50021; C. 5546 Lawrence J. Moscato, 1940 West 6th St., Brooklyn, N.Y. 11223; C. 5547 Bryan Burke, 2364 N. "G" St., San Bernardino, Ca. 92405; C; Fractional currency 5548 Patrick D. Ridgely, 1613 Hardwick Rd., Towson, Md. 21204; C; U.S. currency, large & small 5549 Drewry F. Wofford, Jr., 65 Beverly Dr., Rye, N.Y.; C. 5550 M. Durwood Barbour, 109 N. King Charles Rd., Raleigh, N.C. 27610; C; N.C. Nationals, obsoletes, Colonials, & U.S. types 5551 Don Buchanan, P.O. Box 10054, Greensboro, N.C. 27404; C/D. 5552 J. Richard Becker, 51 Concord Rd., Acton, Ctr., Mass. 01720; C; Canadian notes 5553 Harry H. Mattox, P.O. Box 74, Norborne, Mo. 64668; C; National currency 5554 W.B. Houser, 104 Central Ave., E., Clarion, Ia. 50525; C; $2.00 notes and fractional currency 5555 Peter Fulkerson, 8008 NW. Milrey Dr., Apt. #3, Kansas City, Mo. 64152; C; Large size & fractional currency 5556 Edwin T. Kuether, P.O. Box 384, Austin, Minn. 55912; C; Nationals 5557 Steven H. Meiseles, 4 Calumet Ave., Rockaway, N.J. 07866; C. 5558 James E. Evans, 9421 Kathlyn Dr., St. Louis, Mo. 63134; C. 5559 Frank P. Boyce, 186 Johnson St., Kingston, Ont. Canada K71 1Y1; C; World currency-with a note from every country. RE-INSTATEMENTS 3116 Gary F. Morrow, Northlake Park Bldg., Suite 580, 2310 Parklake Dr., NE., Atlanta, Ga. 30345; C; National Currency 888 Richard A. Sara, P.O. Box 296, Lafayette, Ca. 94549; C. 2803 William D. Ogline, P.O. Box 542, Somerset, Pa. 15501; C. 4008 Norm Seward, 1825 Colonial Ave., Waco, Tx. 76707; C. 4814 Thomas S. La Marre, 29460 Lathrup Blvd., Southfield, Mi. 48076; C. 2370 N.B. Athanassopoulos, P.O. Box 705, Athens, Greece RESIGNED 1085 Carolyn G. Mobbs 3030 William J. Fatula 3574 Howard Weisberg J4792 Mike Warden DECEASED 1006 Louis J. Sakal 1390 Raymond de Vos CHANGES 4398 Joseph Impellizeri from Junior to regular member READER'S PARTICIPATION COLUMN SYNGRAPHIC CHAT Dear Editor: I felt I just had to write and say your "The Buck Stops Here" column was the highlight of Jan.-Feb. issue of PM. The reason is probably because I tend to disagree with some of your views. Let's take the Franklin Mint issues, for example. I do not feel that these are any more made- to-order collectibles than the specimen sets that have been presented to important officials for many years by many governments of many countries. Neither were intended for circulation as legal tender, yet the latter sell quite often for hundreds of dollars when offered. And if it were not for the Franklin Mint issues, most of us less-th'an-wealthy collectors would never see a large denomination note of these countries. The fine engraving makes them works of art and the card which accompanies the notes tell us a lot we would probably not otherwise know. As for social and economic history, there are many issues which can make claim to this. Some that come easily to mind are the provisional issues of Mexico, the German inflation issues and many Russian, Chinese and European country issues. However, all or many of these were turned out in such huge quantities and some are of such poor quality that there is little pride of ownership or investment potential in them. And whether we admit it or not, scarcity and investment potential are seldom ignored, even by hobbyists. How else can we explain the higher than normal prices paid for error notes? However, the thing that convinces me history is secondary to beauty and scarcity is the fact that a particular note which is "Gem" "CU" "pristine", etc. is often sold for double the price of the same note in "about uncirculated". Yet the CU note has no more social and economic historical background than does the AU. It was, in fact, the lower grades which really were a part of the action. From the standpoint of history I prize my fine to about uncirculated notes more the the CU beauties )ah, the places they have been and the things they have seen). But investment economics dictate that I purchase uncirculated gem notes whereever my finances allow. Clarence Pohlman, SPMC 1769 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 Page 168 Paper Money International Paper Money Show Schedule of Events at Holiday Inn — Rivermont, Memphis, Tenn. Thursday, June 14th 4:00 P.M. — SPMC Board Meeting — Visitors Welcome 4:00 P.M. — Dealer & Exhibitor Registration and Set- Up Friday, June 15th 9:00 A.M. — 6:30 P.M. — Bourse Open 7:00 P.M. — Educational Program — Gene Hessler 8:30 P.M. — Auction Saturday, June 16th 9:00 A.M. — 6:30 P.M. — Bourse Open 6:00 P.M. — SPMC Cocktail Party (Cash Bar) 7:00 P.M. — SPMC Banquet (Advance Tickets Necessary) 8:30 P.M. — Auction Sunday, June 17th 9:00 A.M. — 6:00 P.M. — Bourse Open Murray Teigh Bloom, author of MONEY OF THEIR OWN (1957), and MAN WHO STOLE PORTUGAL (1966), will be the guest speaker at the Society of Paper Money Collectors evening banquet Saturday, June 16, at the Holiday Inn-Rivermont Hotel, 200 W. Georgia Ave- nue, Memphis, Tennessee, to be held in conjunction with the Memphis Coin Club 3rd International Paper Money Show. Banquet tickets will be available from SPMC Board Members in Memphis. Mr. Bloom, of Great Neck, New York, who has traveled extensively in writing his two books on counterfeiters, will speak on his interesting experiences in writing these books. He has been a professional writer since 1939, and has written six books and one play, and over 600 maga- zine articles. Other books of his include the best sellers THE TROUBLE WITH LAWYERS (1968), ROGUES TO RICHES: THE TROUBLE WITH WALL STREET (1973), and a novel, THE 13th MAN (1977), soon to be made into a movie. Murray Bloom is one of three founders and past-president of what is now the largest organization in the U.S. of professional free-lance writers, the American Society of Journalists and Authors. American Bank Note Makes Souvenir Sheets for SPMC at Memphis The American Bank Note Co., working with J. Roy Pennell, Jr., former president of SPMC, has printed a special souvenir sheet for the 1979 Memphis paper money show to fill the gap left by the Bureau of Engraving and Printing's inability to produce one of their cards. This souvenir sheet, featuring obsolete Connecticut note de- signs, will be available at the Memphis show for the price of $10 per five. After the show they will be available to all members for $10 per four, postpaid, from Bob Medlar, P. 0. Box 18888, San Antonio, TX 78218. All members should take advantage of the opportunity to obtain this souvenir which will do much to enhance the stature of SPMC. And all should be grateful to our good friends and supporters at American Bank Note Co. Special Serendipity For SPMC Our members attending the St. Louis ANA Convention in August can enjoy a special treat, courtesy of member Ronald Horstman. Tentative arrangements have been made for special tours of the St. Louis Federal Reserve Bank located just a few blocks from the Convention Cen- ter. The FRB has two collections totalling over 300 pieces of currency. If you ever wanted to see the inside of a Federal Re- serve Bank and its operation, here is your chance. Write Ron Horstman at Gerald, Mo. for information or see him at the Memphis Show. Please Note: The number who can be accommodated is limited. They can accommodate 40 persons per tour. Sounds like a great idea, doesn't it? Author Murray Bloom To Address Memphis SPMC Banquet Whole No. 81 Page 169 Ili doil mar Paper Money will accept classified advertising from members only on a basis of 5t 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, Barbara R. Mueller, 225 S. Fischer Ave., Jefferson, WI 53549 by the first of the month preceding the month of issue (i.e., Dec. 1, 1976 for Jan. 1977 issue). Word count: Name and address will count for five words. All other words and abbreviations, figure combinations and initials count as separate. 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) NATIONAL CURRENCY WANTED from western states. Top prices paid for choice and rare notes. Contact Richard Dixon, P.O. Box 39, Wendover, UT 84083. (86) WANTED: NEW JERSEY Nationals from Monmouth County for personal collection. Charter Nos. 445*, 2257, 3164*, 3451, 3792, 4119, 4138, 4147, 4535*, 5363, 5403, 5730*, 5926, 6038, 6440, 6673, 7223*, 10110*, 10224*, 10376, 11553, 13848, 14177. Asterisk means Large only. Please quote grades and prices. Irving Carol, 58 Lennox Ave., Rumson, NJ 07760 (81) WANTED 1929 NATIONAL $10 T-2 FNB Easthampton, Mass. Charter 428 serial #A002377. Also have A002383. Will trade or buy outright. Call (813) 688-3603 or write Scott Thompson, 3905 Friendship Blvd., Lakeland, FL 33801 (82) WANTED: VIRGINIA COUNTY obsolete currency and scrip, all Rhode Island Colonial through small Nationals and all Louisiana. Will pay cash. Will Conner, Box 16150-A, Baton Rouge, LA 70803 (81) RHODE ISLAND SMALL — size Nationals wanted. Especially need notes from Ashaway, Newport, Slatersville and Warwick. Please describe and price. Frank Bennett, P.O. Box 8153, Coral Springs, FL 33065 (84) WANTED: SMALL NATIONALS, Southern Maryland Nation- al Bank La. Plata Md. Describe and price. Ron Carpenter, 130 Pebblebrook, West Columbia, SC 29169 (ph. 356-4932) (86) SPANISH CIVIL WAR: International Bank Note Society Cata- log of local emergency currency (1936-8) by Kenneth Graeber. Available now; $17.50 postpaid. Alfred Hortmann, IBNS, 7346 Forsyth Blvd., University City, MO 63105. (82) STOCK CERTIFICATES: 12 different $2.95, 50 different $14.95. Old checks, 24 different $2.90, 100 different $14.90. Illu- strated list, SASE. Always buying .1 to 1,000,000 wanted. Clinton Hollins, Box 112J, Springfield, VA 22150. (92) CONFEDERATE CURRENCY AND bonds some rare, some scarce and many ordinary. 154i stamp brings list. Wm. D. Ray, P.O. Box 278, Dandridge, TN 37725 (83) MISSOURI CURRENCY WANTED: large size Nationals, obso- lete notes and bank checks from St. Louis, Maplewood, Clayton, Manchester, Luxemburg, Carondelet and St. Charles. Ronald Horstman, Rt. 2, Gerald, MO 63037 (83) SELL: 1902 $20 Edenburg, Penn. (6182) fine; 1929 $20 Rural Valley, Penn. (6083) average; 1929 $10 East Brady, Penn. (5356) average; 1935A $1 SC North Africa, rare F-C block, uncirculat- ed; 1928A $1 SC star, crisp-light crease. All letters answered. Joe Gregory, 9528 Center St., Vienna, VA 22180. WANTED: GILLESPIE, ILLINOIS National Bank Notes (American and Gillespie). Large and small size, any denomina- tion, any condition. Robert Gillespie, 433 Surrey drive, Lancast- er, PA 17601. (82) BANK OF CHATTANOOGA bank notes, all VG/F, $1.00, $4.50, $2.00, $4.50, $3.00, $7.50. All three $14.00. F/VF all three, $18.50. Have two varieties of each, same price. Also have German cloth or linen notgeld, $8.95; three different $25.00. German encased postage, $12.00; three different $33.00. Claud Murphy, Box 15091, Atlanta, GA 30333. (84) WANTED: CURRENCY AND checks from Sacramento, Cal., Las Animas, Col., Philippi, W. Va., Polo, Mo. David Thompson, 1600 N. Wilmot #298, Tucson, AZ 85712. WANTED: OBSOLETE COLLECTIONS, accumulations any state. Lists welcome. Will travel. References. Ron Carpenter, 130 Pebblebrook, West Columbia, SC 29169 (ph. 356-4932). (92) BUYING AND SELLING all types obsolete currency. Send me your want list. Maybe I have something for your collection. Approvals sent on 5-day terms with proper references. I want to buy any obsolete and Confederate notes, and will endeavor to pay fair prices. Also to sell the same way. May do a list, if interested send me your address. Claud Murphy, Box 15091, Atlanta, GA 30333. (86) WANTED: KENTUCKY OBSOLETE currency and uncut sheets. Write with grade and price. Prefer better grades. Alfred Hortmann, 7346 Forsyth Blvd., University City, MO 63105. WANTED: COLLECTOR NEEDS National from home town. First National Bank of Fairfield, Fairfield, Ill. #5009. Please quote type, grade, and price. C.E. Hilliard, 201 E. Cherry, Winchester, IL 62694. BUYING COAL COMPANY scrip. Also lumber company scrip. Also proof notes and uncut sheets. Frank Sprinkle, Box 864, Bluefield, WV 24701. STOCK AND BOND certificates: Buying and selling antique stock and bond certificates — Chinese, Russian, mining, rail- road, any country, any quantity. R.M. Smythe & Co., Inc., 170 Broadway, New York, NY 10038. KANO IS PAYING top prices for all C.U. emergency issue star notes, trial face, experimentals and any unusual number star notes or errors. Trades welcome. Kano, 306 Almendra, Los Gatos, CA 95030. (83) CURRENCY MAIL BID (monthly) Nationals, large, small, types. Over 350 notes. Many C.U.'s. Free list. ANA, SPMC, BRNA, PMCM. Ed's Currency, Box 7295, Louisville, KY 40207. (82) OVER 111-1R1EIF: D F:CADIF:S As America's Largest Dealer in Obsolete Currency Means Very Simply That . . . MEI CRISWELL CAN HELP YOU BUY OR SELL! Page 170 RAILROAD, LUMBER OR coal mine scrip: Collector wants offers of either paper or metal scrip. Donald Edkins, 48B Second St., Framingham, MA 01701. (86) Paper Money SELL OR TRADE: back issues of Paper Money magazine from Winter 1962 issue to date. Like new. One magazine of each issue. R.O. Schaeffer, 500 14th Ave. Ct., Hampton, IL 61256, phone 309-496-9281 (81) WANTED: F70, F97, F109, F130, F139 in any collectable condition. George A. Flanagan, Box 191, Babylon, NY 11702 (92) WANTED: NOTES AND associated material on New Hope or Taylorsville Delaware Bridge Co., Washington's Crossing. Robert W. Ross III, Box 765, Wilmington, DE 19899 (81) WANTED: WOOSTER, OHIO notes. obsolete or Nationals. Would appreciate description. Will answer all letters and enclose stamp. Price if possible. Ralph Leisy, 616 Westridge Dr., Wooster, OH 44691 (84) I NEED ONE note from each of the following Atlanta National Banks: Charter numbers 1605, 2064, 2424, 5490. Prefer notes in fine or better. Claud Murphy, Box 15091, Decatur, GA 30333. (85) WANTED: GEORGIA OBSOLETE currency and scrip. Willing to pay realistic prices. Especially want city, county issues. Also Atlanta Bank, Bank of Athens, Ga. R.R. Banking, Bank of Darien, Pigeon Roost Mining, Monroe R.R. Banking, Bank of Hawkinsville, La Grange Bank, Bank of Macon, Central Bank, Ruckersville Banking Co., Bank of St. Marys, Bank of U.S. Central R.R., Marine Bank, Cotton Planters Bank, Interior Bank. Also buying proofs. Many other issues wanted. Please write for my want list, mailed free. Claud Murphy, Box 15091, Decatur, GA 30333. (81) WANTED: PENNSYLVANIA OBSOLETE notes from Petro- leum Bank, Oil City Bank and Venango Bank. Also scrip from Oil City, Franklin, Titusville, Plummer, Rouseville, Pithole. I am also interested in early Pennsylvania oil company stock certificates. R. Grant Carner, RD 1, Seneca, PA 16346 (81) WANTED: MILITARY PAYMENT certificates (MPC's) in strictly crisp uncirculated (CU) condition only. Mostly inter- ested in denominations of $5, $10, $20 only. State series number, denomination and price expected when writing. Also trading for my requirements. Nick L. Imbriglio, P.O. Box 399, Oakhurst, NJ 07755 (85) STAR NOTES $1 1977 series, crisp uncirculated, K-02357XXX. Will trade, dollar for dollar, for crisp uncirculated stars $1, 1976 $2, $5 of other districts. Will sell my $1 stars $1.50 each. V.A. Mayfield, P.O. Box 9393, Amarillo, TX 79105 (83) AUCTION Continued from Page 160 temporary coinage; also statistical tables and background information on each bond etc. £2,500 1800 VENEZUELA Est. Real. Shipping Companies Orinoco Navigation Company: Twenty Shares, 19th May 1874, vignette of a Paddle Steamer in heavy seas. EF £26 27 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. CONFEDERATE AND SOUTHERN STATES CURRENCY LATEST EDITION 119761, (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 SILVIA! *EBTIFICI■TES• • 1 • NATIONAL 1 . II ENCI . %CM. 1021. • FINIERA I. RESERVE NOTES • • • FEDERAL misaatvE NOTES , E SMALL SIZE IMHOF:NC% • EXPE RI ENTA .1.• ICS M.. Urrly ■ • ▪ *OM • • . SEM ES .... 3 3 4 L LEGAL TENDER NOTES , • N.'- , 4 • • GOLD I %%TES - • - , - • •■ • Whole No. 81 Page 171 For An Award , Winning Collection MOUNT YOUR U.S. PAPER MONEY ON hee/jrtf/X CURRENCY ALBUM PAGES • Tho following sets of PHOENIX CURRENCY ALBUM PAGES and mounts will accommodate ALL small size U.S. currency issued from 1928 to date. L-01 L-02 105 L-3B Legal Tender Notes Series Capacity Retail One Dollar 1928 1 .50 Two Dollars 1928-63A 14 4.00 Five Dollars 1928-63A 12 3.00 Any Denomination ANY 12 3.00 Silver Certificates One Dollar 1928-57B 21 5.50 Five Dollars 1934-53B 8 2.00 Ten Dollars 1933-53B 9 2.50 Emergency Issue - Africa 1934-35A 3 1.00 Emergency Issue - Hawaii 1934-35A 4 1.00 Experimental Issue - "R" &"S" 1935A 2 .50 Any Denomination ANY 12 3.00 Gold Certificates $10. -$20.-$50. -$100. 1928 4 1.00 Federal Reserve Bank Notes Any Denomination 1929 12 3.00 National Currency Any Denomination 1929 12 3.00 Any Denomination 1929 12 3.00 Federal Reserve Notes-$1. District Sets Granahan-Dillon 1963 12 3.00 Granahan-Fowler 1963A 12 3.00 Granahan-Barr 1963B 5 1.50 Elston-Kennedy 1969 12 3.00 Ka bis-Kennedy 1969A 12 3.00 Kabis-Connally 1969B 12 3.00 Banuelos-Connally 1969C 10 3.00 Banuelos-Shultz 1969D 12 3.00 Neff-Simon 1974 12 3.00 Morton-Blumenthal 1977 12 3.00 Federal Reserve Notes-$1. Blockletter and Star Note Sets Granahan-Dillon 1963 34 8.50 Granahan-Fowler 1963A 70 17.50 Granahan-Barr 1963B 13 3.50 Elston-Kennedy 1969 36 9.00 Kabis.Kennedy 1969A 32 8.00 Kabis-Connally I969B 35 9.00 Banuelos-Connally 1969C 25 6.50 Banuelos-Shultz 1969D 47 12.00 Neff-Simon 1974 68 17.00 Morton-Blumenthal 1977 24 6.00 Federal Reserve Notes-$2. District Sets Neff Simon 1976 12 3.00 Federal Reserve Notes-$2. Blockletter and Star Note Sets Neff-Simon 1976 24 6.00 Federal Reserve Notes Any Denomination ANY 12 3.00 Small Size Currency All Purpose (Errors, radars, etc.) ANY 12 3.00 SC-1 SC -5 SC-10 SEA S-EH S-RS S.3B G-01 F-05 N-05 N-3B 011 01.2 01-3 01-4 01-5 01-6 01-7 01-8 01-9 01-10 011B 01 2B 013B 01 4B 01-5B 01-6B 01-7B 01 8B 019B 01 10B 02 1 02-1B F-3B AP-3B Please include 1.00 for postage & handling on all orders. ALL PHOENIX CURRENCY ALBUM PAGES fit any standard three-ring loose-leaf binder. VALLEY COIN SHOP 695 WASHINGTON ST., SO. ATTLEBORO, MA 02703 Page 172 Paper Money The 1979 ANA Auction: A Very Special Consignment Opportunity Celebrities draw crowds wherever they go. And in the numismatic field, there's no organization more celebrated than the American Numismatic Association. That's why their auctions have always attracted large groups of eager paper money buyers. And that's why collectors with special currency to sell consign to ANA auctions. They know that a large, eager crowd of bidders, plus the excitement of that special ANA event, add up to high profits for the consignor. New England Rare Coin Auctions: A Unique Group of Experts The 1979 ANA Auction is being conducted by New England Rare Coin Auctions. In an astonishingly brief time, New England has built an impressive reputation as an auction company that cares about consignors. They're constantly creating unique, innovative services for their clients Like their new Auction Summary. It's the only publication that lets a consignor study an auction firm's long-term history of prices realized. Moreover, New England catalogs are noted for their accurate grading and de- tailed paper money descriptions. So fill out the accompanying coupon and mail it to New England. They'll be glad to explain how you can consign to this very special event! England are Coln q Yes! I'm interested in consigning to the 1979 ANA Auction. Please contact me. q I'd like to study New England's long-term history of prices realized. Please send your Auction Summary. I've enclosed $5. Name Address City State Zip Tel. ( Best time to call Mail to: New England Rare Coin Auctions, Dept. A-23, P.O. Box 1776, Boston, MA 02105 The 1979 ANA Auction in St. Louis — July 28 through August 3 Whole No. 81 Page 173 CURRENCY WANTED: Sample Buying Prices: Small Size Notes: Nationals Uncut sheets: 1929 type 1 #1 sheets $1250. & up. 1929 type 2 #1 sheets $900. & up. Any scarce CU small size note - please write. Large Size Notes: Uncut sheets - please write - no common sheets wanted. 1902 Red seal #1 notes, paying $550. & up. 1902 CU #1 notes paying $600. & up. 1902 EF-AU #1 notes paying $325. & up. Federal Reserve notes of 1918 CU only - paying top dollar. Gold bank notes EF & better are badly needed. Also buying error notes, mainly mis-matched serials & double denomination notes both large & small size. I will buy other #1 notes & rarities. Please write. Stan Kesselman, Inc. TEL: 800-221-3225 15 West 81 St. New York, NY 10024 I reserve the right to reject any and all items for any reason. WANTED FOR MY COLLECTION William R. Kazar, SPMC 3785 280 George St . New Brunswick, NJ 08901 (201) 247-8341 WANTED TO BUY NEW BRUNSWICK, NEW JERSEY NATIONALS TOP PRICES PAID For the three New Brunswick, New Jersey banks pictured here: The First National Bank of New Brunswick Ch. #208; The National Bank of New Jersey Ch. #587: and the Peoples National Bank of New Brunswick, Ch. #3697. Buying any large size notes on these banks; and small size $5.00 Type I and II with Parker and Kirkpatrick sig., $10.00 Type II with Kirkpatrick sig., and $20.00 Type II with Parker sig. all on the #587 bank. Please state condition and price with first letter. Send photo, if possible. Will pay for photo. (86) WORLD BANKNOTES BUYING Ship rare/scarce banknotes for my immediate offer. Overseas suppliers are welcome, but write first. SELLING Write for latest free list containing items from more than 190 Countries. Want lists serviced. TRADING Each current list will contain over 10 trade items. Bill "Banknote" BRODER Drawer 517 Marrero, LA 70073 (85) WANT TO BUY (FOR RESEARCH) HISTORICAL ITEMS ON DAHLONEGA, GEORGIA LUMPKIN COUNTY (& NEIGHBORING AURARIA, GEORGIA) Any items pertaining to the history of this North Georgia gold mining area. MINING OPERATIONS U.S. BRANCH MINT LOCAL HISTORY Any documents, stock certificates, mining script, checks, obsolete notes, such as (Pigeon Roost Mining Co., or Bank of Darien-branch), old books, pictures, post cards, etc. Also any item concerning the U.S. Branch Mint (1838-1861) such as gold deposit receipts, assay reports, appointments, drawings, photos, articles, etc. AL C. ADAMS RARE COINS THREE PIEDMONT CENTER 3565 PIEDMONT ROAD, N.E. SUITE 312 ATLANTA, GEORGIA 30305 (404) 261-4601 Page 174 Paper Money Ty RARE COINS RARE CURRENCY L. Professional Numismatist and Notalist .1 CUMIN:0'4 " 4#) ,foyitvow salOP litityhtAtib. " C2 IS ii Our numismatic specialty is United States paper money, so we stock over a million dollar inventory of rare U.S. paper. If your collecting interests lie within ours, then you have no doubt seen us at the leading auctions and shows. and no doubt have heard of our company. In fact, we supply the leading numismatic houses and have supplied some of the great collections, with much of their select material. Why then don't you give us a call or drop us a line? We respectfully solicit your want list and we will give it our careful considerations. Or if you are thinking of selling, please give us a call. Our offer will be MUCH HIGHER than any printed price you've seen in the hobby press and society publications. We believe in paying TOP MARKET PRICES for currency - that's a fair deal, and a good one! If you wish to receive our catalogs, mini-mailers, and lists, just fill out the form below and mail it to us, the cost is $10 per year and refundable with any purchase. And remember, it is one of the best ways to buy currency and to keep abreast of the market. NAME STREET STATE ZIP Please find enclosed $10 for catalogs, mini-mailers and lists for L 1979 -it is refundable with any purchase. TI RARE COINS RARE CURRENCY Professional Numismatist and Notallst P.O. Box 12261, Overland Park, Kansas 66214 (913) 492-3121 1 J LYN F. KNIGHT RARE COINS P.O. BOX 12261 OVERLAND PARK, KS 66214 Whole No. 81 Page 175 BRNA SPMC SCNA ANA Confederate & Obsolete Notes BUY-SELL-APPRAISALS Please contact us if you have one item or a collection. Top prices paid. We want to buy your notes! If you collect we offer our ex- tensive list of notes for $1.00. refundable with purchase. ANN & HUGH SHULL P.O. BOX 712 LEESVILLE, S.C. 29070 803/532-6747 WANTED NATIONAL BANK NOTES From the Following Towns and Cities of Bergen County, New Jersey FOR MY PERSONAL COLLECTION Will Pay High Premium Prices for the following Bank Notes of Bergen County, New Jersey Allendale Bergenfield Bogota Carlstadt Cliffside Park Closter Dumont Edgewater Englewood Fairview Fort Lee Garfield Glen Rock Hackensack Hillsdale Leonia Little Ferry Lodi Lyndhurst North Arlington Palisade Park Ramsey Ridgefield Park Ridgewood Rutherford Tenafly West Englewood Westwood Wyckoff Due to poor health, I am unable to travel . Therefore please make offers by mail to - William T. Anton, Sr. Numismatist, P.O. Box 125 North Hackensack Station, River Edge, N.J. 07661 ANA - SPMC - FUN - EPS U.S. TYPE NOTES Fr.#16 Choice EXTRA FINE 200,00 Fr.#18 F/VF nice note 100.00 Fr.#35 XF 105.00 Fr.#37 CU cut sheet of (4) 275.00 Fr.#37 CU 67.00 Fr.#40 XF bright, crisp 60.00 Fr.#60 AU 65.00 Fr.#60 CU 87.00 Fr.#64 AU+ actually is CU but little close margin on left obv 300.00 Fr.#68 CU nice! 250.00 Fr.#91 XF+ 55.00 Fr.#91 CU 110.00 Fr.#224 AU 200.00 Fr.#224 AU+ so very close to CU ' 275.00 Fr.#229 AU+ 75.00 Fr.#233 XF+ 50.00 Fr.#234 CU 90.00 Fr.#235 CU 90.00 Fr.#237 XF+ 22.00 Fr.#237 AU 25.00 Fr.#237 CU 45.00 Fr.#238 XF+ 22.00 Fr.#238 AU 27.00 Fr.#238 CU 50.00 Fr.#260 VG+ nice note of scarce type to obtain 145.00 Fr.#170 CU 80.00 Fr.#712 CU 80.00 Fr.#712 AU+ 55.00 Fr.#715 CU 80.00 Fr.#717 CU 80.00 Fr.#719 CU 80.00 Fr.#729 CU 80.00 Fr.#743 AU+ 55.00, Fr.#838 AU+ almost unseeable fold keeps from full CU 150.00 Fr.#855 AU 35.00 Fr.#863 AU 35.00 Fr.#868 CU 60.00 Fr.#911 CU 70.00 Fr.#1092 CU 300.00 Fr.#1173 XF+ 80.00 Fr.#1173 AU very nice 105.00 Fr.#1173 CU 180.00 Fr.#1183 XF+ crisp 125.00 Fr.#1187 AU Crisp and nice! 200.00 Fr.#1187 CU 290.00 Satisfaction Guaranteed! I am buying all type notes, Nationals and Southern Obsoletes please write! JAMES A. SPARKS , JR • ANA #52964, SPMC #3144 P.O. Box 4235 Salisbury, N.C. 28144 Page 176 Paper Money Colonial and Continental Currency Always Buying - Rare and Common Any Quantity Selling - Free List Available David Sonderman Box 1070, New Haven, Ct. 06504 203-624-0915 Page 177 TEXAS NATIONALS WANTED Especially the following charter Nos: 2486 4368 5719 6551 3022 4371 5781 7119 3261 4466 5795 7306 3890 4950 5971 7414 4093 5483 6177 7669 4179 5549 6212 7760 4291 5661 6346 8355 JOHN R. CULVER 107 W. Wall, Midland, Texas 79701 Ph: 915-684-5342 SPMC — A.N.A. — TNA MICHIGAN OBSOLETE CURRENCY $1 Adrian Insurance Co., Adrian, 1853 VF 7 50 $2 Adrian Insurance Co.. Adrian, 1853 VG 7. 50 $3 Adrian Insurance Co.. Adrian, 1853 Unc 22.50 $5 Bay State Mining Co.. Eagle River, VF 17.50 $10 Same: Red or Yellow "Ten", Each: EF 17.50 $3 Bank of Brest, Brest. 1837 VF 50.00 $2 Bank of Chippeway, St. Marys, 1838 Unc 27.50 $3 or $5 Same, Sault De St. Marys, Each: 1838 AU . 27.50 $3 Colins Iron Works. Marquette, 1873 VG 125.00 $1 Erie & Kalamazoo RR Bank (E501), 1853 F 15.00 $1.50 Same: VG, signed 1838 $75.00: EF signed .... 85.00 $3 Same: Train (Noi E520). 1859 G/VG 25.00 $5 Farmers Bank of Sand Stone, Barry, 1838 AU .... 15.00 $1 Bank of Macomb County. Mt. Clemons, 1858 Unc 12.00 $2 Sme: 1858 Unc $17.50: $3 Same: 1858 EF 20.00 S5 Sarre: 1858 Unc $14.50: $10 Same: 1858 Unc 16.00 $1 Me( ,:hanis Bank of Jackson, Brooklyn, VF 25.00 $2 Miller: Bank of Washtenaw, Ann Arbor, Unc 12.50 $5 Tire Ponisular Bank. Detroit (Pigo), Unc 7 50 $1 1tivz-Y Raisin & Lake Erie RR, Monroe, Good 15.00 $3 Same: (12259), Maiden, Cows, 1863 VF 35.00 $3 Same: (Unlisted). Maiden, Ship, 1836 F 35.00 $1 State Bank of Michigan, Detroit. Unc 9 50 $1 he Bank of Tecumseh (Green-Black), 1859 VF 30.00 $2 The Bank of Washtenaw (wiss). 1854 Good 7 50 1;10 The Central Mining Co., Eagle Harbor. 1869 VF ... 8.00 Postage Paid on orders exceeding $50.00; others add $1.00. Obsolete, Confed. or Fractional Lists: Send 150 SASE. DON EMBURY Box 61 Wilmington, Calif. 90748 . NITEOSITESTIiiM " ,(1.0( N olitniX(11,1- isztot " ,44,NO vc *di lit)Nco NA 1 0 Tut e Page 178 Paper Money Nobody pays more than Huntoon forAmon&unromnic- State and Territorial Nationals WANT ALL SERIES, ANY CONDI- TION, EXCEPT WASHED OR "DOC- TORED" NOTES. (MANY TRADES!) PETER HUNTOON P.O. Box 3681, Laramie, WY 82071 WORLDWIDE BANKNOTE COLLECTORS We are pleased to announce STANLEY GIBBONS CURRENCY IN THE UNITED STATES If you collect World Paper Money, send for our free lists. Thousands of World Banknotes in stock from 251i to $3000. 11111EZ PO A THINKING OF SELLING ® WE ARE SERIOUS BUYERS OF: • WORLD PAPER MONEY • WORLD BANKNOTE PROOFS • SPECIMEN NOTES • UNITED STATES PAPER MONEY • UNITED STATES OBSOLETE NOTES • EARLY STOCKS & BONDS We are in fact interested in just about anything in paper, be it a col- lection or a single item. If you have Banknotes to sell it will pay you to contact Gary Snover at: STANLEY GIBBONS CURRENCY, INC. P.O. Box 3034 San Bernardino, CA. 92413 Telephone 7141883-5849 Whole No. 81 Page 179 Regular topics in the Bank Note Reporter include: State Banknotes Confederate Currency U.S. Large Size U.S. Small Size World Paper Money Military Currency Bonds/Stock Certificates AAM r 1 Bank Note Reporter Subscription Coupon. Mail with payment to: Bank Note Reporter, 700 E. State St., lola,Wisconsin 54945. Please enter my subscription as follows: ) 1 year ... (12 issues) . . . $5 ) 2 years ... (24 issues) ... $9 ) 3 years . (36 issues) .. $13 ) Enclosed is my payment. ) Charge to my Master Charge/Visa account. M O. yr. account no. expiration date signature name address city state zip Addresses outside the U.S., including Canada and Mexico, please add $4 per year . L ( ) New ( ) Renewal ( ) Extension Zero In On Your Paper Money Hobby With The Bank Note Reporter! Are you interested in paper money? If you are, here's a special opportunity for you to enter your subscription to the Bank Note Reporter. The Bank Note Reporter is the only monthly newspaper devoted exclusively to paper money. That's important. It means you have a newspaper written specifically for you and your hobby needs. The articles, features, photographs and advertising in every issue of the Bank Note Reporter combine for one purpose - to bring you hobby enjoyment and help you build your paper money collection! The Bank Note Reporter is brought to you by the same people who publish the Standard Catalog of World Paper Money. Use the coupon to enter your_ subscription. Look forward to hours of hobby fun and information soon to come your way in the Bank Note Reporter. Bank Note Reporter, 700 E. State St., Iola, WI 54945 NATIONAL CURRENCY 1882 BB $20 #1863 FARIBAULT. MINN Obv F-VF Rev VG (faded) .... 375.00 1882 BB $20 #808 LEBANON. NEW HAMPSHIRE VG 250.00 1882 BB $20 41686 FARIBAULT, MINN F-VF 265.00 1882 BB $20 #5305 CRYSTAL LAKE. IOWA F-VF 850.00 1882 BB $10 #N884 GARDNER. MASS VF 375.00 1882 88 820 #2630 PENDLETON. OREGON F-VF ........ . 1650.00 1902 $10 #81131 PROVIDENCE. RI F-VF 65.00 1002 $10 011280 SEATTLE. WASH. VF 110.00 1902 810 44668 SPOKANE, WASH. VF-XF 110.00 1902 $545061 SUMMIT, NJ VG 250.00 1902 820 454760 BUCKHANNON. WV YE 300.00 1902 85 45853 MILWAUKEE. WI XF-AU 55.00 1902 $10 48424 RENO, NV VF 535.00 1102 $50 Di; #P4229 SEATTLE. WASH. Fine 285.00 1929 $10 48949 SOUTH OMAHA. NB F-VF ........ 39.00 1929 $.5 112 46437 BRUSH. COLO VF-XF 350.00 1 829 820 412507 WADENA, MINN XF 145.00 1929 $20 4512 MANHEIM. PA VF-XF 50.00 1929 $10#3001 STEVENS POINT. WI F-VF 45.00 1929 $10 #3072 CLAY CENTER. KS VG 50.00 1929 $20 #3778 CHIPPEWA FALLS. WI VG 60.00 1929 $20 #3161 DARLINGTON. WI VF-XF 90.00 1929 $20 #6604 OSHKOSH. WI Fine 60.00 1929 $20 #6279 PRESTON. MINN VG 135.00 1929 $20 #12507 WADENA, MINN AU-Unc 175.00 1929 $10 #12407 BILLINGS, MONT Fine 130.00 1929 $20 #4803 KALLISPELL. MONT F-VF 150.00 1929 $10 #10345 EUGENE, OREGON VF-XF 225.00 1929 $10 #3375 WHITE SULPHUR SPRINGS. MONT. Fine . . . . 275.00 1929 $20 #13602 LA GRANDE. OREGON XF 125.00 1929 $20 #8574 TILLAMOOK. OREGON AU-Unc 150.00 1929 $20 #3655 LA GRANDE. OREGON VF 95.00 1929 $20 #8114 SYRCUSE, KS XF 125.00 1929 $5 T2 #13819 LEWISTON, IDAHO Fine 185.00 1929 $5 #12217 KENT, WASH. Fine 210.00 1929 $5 #4912 STEVENS POINT, WI Fine 50.00 1929 $10 #3417 T2 TACOMA. WASH. VF-XF 35.00 1929 $5 #6889 FOSSTON. MINN Fine 150.00 1929 $10 #2030 FERGUS FALLS. MINN VG 60.00 1929 $10 T2 #11280 SEATTLE. WASH. XF-AU 35.00 1929 $10 #12292 TACOMA. WASH. AU 65.00 1929 $10 #3355 YAKIMA, WASH. VG-F 45.00 1929 $10 #7372 BELLINGHAM, WASH. T2 Fine 45.00 1929 $5 #7372 BELLINGHAM. WASH. VF 35.00 1929 $10 T2 #3417 TACOMA. WASH. AU 45.00 1929 $20 #4586 KALISPELL. MONT. VG-F 195.00 1929 $10 T2 49443 DAYTON, WASH. Fine 125.00 1929 $10 #4670 LOGON, UTAH Fine 95.00 1929 $10 T2 #10174 KENT. WASH. XF-AU 275.00 1929 $10 T2 #10357 BAKERSFIELD, CALIF. F-VF 50.00 1929 $10 #1461 NEW YORK. NY XF 45.00 1929 $5 #13354 ASTORIA, OREGON VG 110.00 Satisfaction guaranteed. Seven day return privilege. Bank cards welcome. please send information as it appears on your card. Member ANA. SPMC. AURORA COIN SHOP 507 3rd Ave. #5-PM Seattle, Wash. 98104 Phone (206) 283-2626 Page 180 Pap e r Money Page 181 Whole No. 81 WANTED TO BUY PAPER MONEY We are trying to build up our inventory of U.S. Paper Money. We want your help and will gladly pay for it. We want only choice CU notes; no folds, pinholes, bad spots, or too far off-center, etc. When shipping,wrap it well and send it registered mail. Please ship with an invoice and your phone number. All notes listed by Friedberg numbers. These are our prices for nice, new, CU notes. LEGAL TENDER F366-368 1500.00 NOTES F369-371 600.00 F16-17 400.00 F372-375a 3600.00 F18 400.00 NATIONAL BANK F19-27 200.00 NOTES F28-30 200.00 F380-386 525.00 F34-35 210.00 F387-393 1600.00 F36-39 60.00 F394-408 600.00 F40 150.00 F409-423a 850.00 F41-41a 600.00 F424-439 950.00 F43-49 240.00 F466-478 250.00 F50-52 200.00 F479-492 300.00 F53-56 225.00 F493-506 425.00 F57-60 110.00 F507-518a 1250.00 F61-63a 400.00 F519-531 2000.00 F64 410.00 F532-538a 380.00 F65-82 200.00 F539-548 395.00 F83-92 110.00 F549-557 500.00 F93-95a 650.00 F558.565 1300.00 F96 850.00 F573-575 700.00 F97-99 500.00 F576-579 850.00 F100-113 350.00 F580-586 1100.00 F114-122 550.00 F587-612 150.00 F123 1600.00 F613-638 140.00 F124-126 1200.00 F639-663 175.00 F127 2800.00 F664-685 450.00 F128-129 800.00 F686-707 500.00 F130-147 480.00 FEDERAL RESERVE F155-164 1500.00 BANK NOTES SILVER F708-746 65.00 CERTIFICATES F747-780 200.00 F215-221 450.00 F781-809 160.00 F222-223 350.00 F810-821 850.00 F224-225 475.00 FEDERAL RESERVE F226-236 70.00 NOTES F237-239 33.00 F832-843 160.00 F240-244 475.00 F844-891 50.00 F245-246 950.00 F892-903 200.00 F247-248 1200.00 F904-951 60.00 F249-258 300.00 F952-963 300.00 F259-265 2100.00 F964-1011 85.00 F266-267 850.00 F1012-1023 500.00 F268-270 2100.00 F1024-1071 180.00 F271-281 500.00 F1072-1083 600.00 F282 500.00 F1084-1131 300.00 F287-289 1900.00 GOLD F291-297 950.00 CERTIFICATES F298-303 800.00 F1167-1173 . . . . 175.00 F317-322 1200.00 F1174-1175 . . . 3000.00 F330-335 2000.00 F1176-1177 2200.00 TREASURY OR F1178 1200.00 COIN NOTES F1179-1180 . . 2650.00 F347-349 750.00 F1181-1186 . . . . 400.00 F350-352 300.00 F1187 250.00 F353-355 1500.00 F1188-1189 5500.00 F356-358 600.00 F1190-1192 . . . 5200.00 F359-361 1100.00 F1193-1197 1500.00 F362-365 600.00 F1198-1200 . . . . 600.00 F1201-1202 . 5000.00 F1312 60.00 F1358 60.00 F1203-1205 . 4500.00 F1313 125.00 F1359 165.00 F1206-1214 . 1400.00 F1316-1318 60.00 F1360-1361 70.00 F1215 900.00 F1320 100.00 F1362 60.00 FRACTIONAL CURRENCY F1321 100.00 F1363 160.00 3 CENT NOTES F1322 100.00 F1364 70.00 F1226 22.00 F1324 55.00 F1365 75.00 F1227 40.00 F1325 165.00 F1366 120.00 5 CENT NOTES F1326 65.00 F1367 250.00 F1228-1229 60.00 F1327 65.00 F1368 130.00 F1230 25.00 F1328 85.00 F1369 150.00 F1231 70.00 F1329 135.00 F1370 180.00 F1232-1234 35.00 F1330 1300.00 F1371 350.00 F1235 85.00 F1331 30.00 F1372 200.00 F1236 65.00 F1332 100.00 F1373 200.00 F1237 80.00 F1333-1334 40.00 F1373a 2500.00 F1238 25.00 F1335 60.00 F1374-1375 . 130.00 F1239 40.00 F1336 150.00 F1376 60.00 10 CENT NOTES F1337 80.00 F1379 60.00 F1240-1241 70.00 F1338 85.00 F1380-1381 35.00 F1242 30.00 F1339 50.00 SMALL SIZE F1243 75.00 F1340 140.00 CU NOTES WANTED F1244-1246 30.00 F1341 65.00 F1500 35.00 F1247 75.00 F1342 80.00 F2300 13.00 F1248 600.00 F1343 85.00 F2301 80.00 F1249 95.00 F1344 225.00 F2302 40.00 F1251 45.00 F1345 130.00 F2303 50.00 F1252 70.00 F1346 130.00 F2305 80.00 F1253 85.00 F1347 90.00 F2306 18.00 F1254 100.00 F1348 225.00 F2307 28.00 F1255-1256 27.00 F1349 105.00 F2309 40.00 F1257-1261 30.00 F1350 130.00 F2400 70.00 F1264 35.00 F1351-1354 750.00 F2402 95.00 F1265-1266 13.00 F1355 85.00 F2404 225.00 15 CENT NOTES F1356 135.00 F2405 250.00 F1267-1271 65.00 F1357 425.00 25 CENT NOTES F1279-1280 110.00 F1281 50.00 F1282 135.00 F1283 35.00 F1284-1286 42.00 F1287 55.00 F1288 50.00 F1289 70.00 F1290 75.00 F1290a 300.00 F1291-1293 80.00 F1293-1296 45.00 F1297 95.00 F1298 135.00 F1299 550.00 F1300 700.00 F1301-1307 35.00 F1308-1309 13.00 50 CENT NOTES F1310 120.00 F1311 150.00 We need d nd are buying proofs and specimens or essays of the fractional currency and experimen- tal, trail and freak notes, errors. We need pairs, strips, blocks, packs, sheets and shields gray- pink-green. If you have some you would like to sell you can just ship it with the price or we will make an offer. Continental Currency, VG plus pay ... 8.00 Colonial Currency, VG plus pay 5 00 Confederate Fine or Better 1 25 Broken Bank Notes AU-CU 1 25 COIN-A-RAMA CITY 13304 Inglewood Ave. Hawthorne, Calif. 90250 Phone 213-679-9151 WANTED BILLS OF EXCHANGE California and Nevada Banks Paying $100.00 minimum each for scarce, early items. Steve Meier 135 E. Lomita BI. Carson, Calif. 90745 SP MC 4703 (82) UNITED STATES FRACTIONAL CURRENCY Our fully descriptive current price listing is available free upon request. Want lists given complete and careful attention. "BUYING — SELLING" TERRY VAVRA Box 51 Riverside, CA. 92502 (714) 683-1849 (82) SMALL SIZE MINNESOTA NATIONAL CURRENCY WANTED CANBY, 1st Nat. B. #6366 COLD SPRINGS, 1st Nat. B. #8051 • COTTONWOOD, 1st Nat. B. #6584 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 MINNESOTA LAKE, Farmers Nat. B. #6532 • SAUK CENTER, 1st Nat. B. 3155 • WENDALL, 1st Nat. B. #10898 Those notes with dots indicate large size notes for trade. JOHN R. PALM 6389 ST. JOHN'S DRIVE EDEN PRAIRIE, MINN. 55344 Page 182 Paper Money WANTED U.S. NATIONAL BANK NOTES and U.S. CURRENCY Will Buy — Any and All Will Sell — List Available Frank R. Trask SPMC, ANA, NECC Phone 617-468-1615 P.O. Box 453 Exeter, NH 03833 Confeberate tatO currentp anD b on b5 Special Rare List for SASE "Conieberate" P.O. Box 149 White Pine, TN 37890 FOR SALE CURRENCY FOR SALE U.S.A. LARGE & SMALL SIZE CURRENCY INCLUDING: NATIONAL CURRENCY OBSOLETE CURRENCY RADAR & FANCY SERIAL NUMBER NOTES "ERROR" NOTES & OTHER TYPES LARGE MAIL LISTING AVAILABLE FOR A LARGE-SIZE, SELF-ADDRESSED STAMPED ENVELOPE. 10-DAY RETURN PRIVILEGE. YOUR SATISFACTION GUARANTEED. ROBERT A. CONDO P.O. BOX 985, VENICE, FL 33595 Whole No. 81 Page 183 WILLIAM L.6. BAQQETT, box 9, Victoria Station, Montreal, Canada 1I3Z 2V4 TeIcrhonc (31-4) L$44-300 CHINA Catalogued by Smith-Matravers and Pick numbers SM PICK C-1-41 Tsihar Hsing Yeh Bank 20 coppers 1926 VG .... 5.00 C-31-2 Tung Wai Bank $5 1912. EF 75.00 C-107-30b Kiangnan Yu Ning Imperial $1 1907. Portrait AVG 125.00 C-126-2 102 General Bank Communications. Canton $5 1909. EF cancelled 190.00 C-126 102 Wusih $5 1909. EF. cancelled. unlisted city . 315.00 C-126-22 - Bank of Communications Shanghai $5 1912. Fake VG 50.00 C-126-30 110 Wusih $1 1913. unlisted, cancelled. F 115.00 C-126-32 111 Peking $5 1913 unlisted, AVF 125.00 $10 1914, ABNC mock up for July 1924 issue 125.00 C-126-74 116m Shanghai $1 1914 brown, VG 15.00 C-126- 7 A-120 Changchun 50d 1915. VG 100.00 C-126- 7 Changchun 20d 1917, VF 125.00 C-126-131 125 Harbin $1 1919. C0 45.00 C-126 140 128 Harbin $1 1920 Russian. G-VG. extremely rare 125.00 C-126-161 135 Ktukiang $5 1924. VG 15.00 C-126-161 -2-3 134-6 $1-55-10 1924 color trial specimens 375.00 C-132-1 Hui Tung & Co $1 CU 30.00 C-163-20 70 71 Provincial Bank of Chihli 10d- 202- $1 1926. 1920 VG 10.00 C 163 70 71-61 10d - 202 - 20 coppers, 1926. CU 18.00 C-163-80 $1 1926. VG-F 6 00 C-163-81 $5 1926. F 6 00 C 262 2 Chung Hua Republic $10 1896. G-VG 150.00 C 263 1 National Pacification Army $1 1912. AU. Flag note 75.00 C-270-2-10 - Kwangtung Republican China Military 50d+ $1 1912. AU. Flag notes 85.00 C-286 530-32- Federal Reserve Bank 10d. 20t 50t CU. 53 CU. EF 6 00 291-12 National Industrial Bank $10 1931. F 15.00 C-293-60 A-90 Commercial Bank of China $1 1929. VG-F 14.00 C-293-70 A-96a $5 1932. VG 20.00 C-294-31 Bank of China Szechuen $5 1912. VF+ 125.00 C-294 42a 30a Canton $1 1913. AF 45.00 0-294? - Harbin $5 1918. Back in Russian and English, specimen 200.00 Canton $10 1912. VF-EF & very attractive .. 135.00 Kung Ts i Bank of Fengtien 20 + 100 coppers. 1922. VG 10.00 Yokohama Specie Bank 10d Tientsin ? blue, VG-F 255.00 Provincial Bank of Honan $1 1923. F 15.00 Hsian Shu Kun Native Bank 30d 1929. CU 30.00 Hunan Government Bank 100 Cash 1908. VG 45.00 Hunan Bank 100 coppers 1912. F .... 30.00 $1-$5-$10 1912. VG-VF 70.00 1-5-10 Taels 1912. VG 60.00 10 Taels 1912. VG 20.00 202 - 30g - 100d 1913. G+ 24.00 20d- 30d 50d- 100d 1915. VG 55.00 20d 1915. G+ 12.00 10-20-30-100 coppers 1917. VF 90.00 10 coppers 1917 F-VF 20.00 20 coppers 1917. CU 35.00 10¢ silver local Currency. undated. Smith H-167-listed, VG 25.00 Hupeh Provincial Bank 100 coppers 1914. VG .. 5.00 Hu-pu. Board of Revenue. 50 Taels 1855 o \,er- printed 'Chihli' extremely large size. extremely rare. Smith prices this note at more than virtually any other post-1800 Chinese note. Fine 850.00 H-184-14 J-8 Hua Hsing Commercial Bank $10 AU. VR Military note 575.00 H-196-11 Cocoon Industrial Bank of Wangcho 202 1928 VF 30.00 K-24-50b + 52b Canton Municipal Bank $1 + $10 1933. F . . 25.00 K-51-20 Kwangtung Currency Bureau $1 1907. Printed in Japan 120.00 K-51-11a - $10 1906. VF. as previous 245.00 K-55-20 - Provincial Bank of Kuangtung Province 21-22 $1-$5-10. 1918. VF 800 K-100-11 National Finance Ministry Treasury $5 1927, EF 20.00 M-10-3 F-172 International Bank Shanghai $10 1905, VG $115, F 135.00 M-10-3 F-172 Peking $5 1910. VG 115.00 M-10-22 F-182 Peking $10 1910. F 135.00 M-10-41a F-186a Hankow $5 1918. VG-F 150.00 M-10-50a F-196 Shanghai $1 1919 F-VF. $75. AU 125.00 N-23-1 Bank of Agriculture & Commerce $1 1922. German Printing. specimen 175.00 P-40-1 Pongpu Currency Note 20 coppers 1927. CU .. 25.00 P-44-1 Pin Kiang Chamber of Commerce 5 cents 1917 VG 12.00 P-50-1 Kiangsu Market Stabilization Currency Bureau 10 Cash 1923. VF-EF. attractive Automobile vignette 15.00 S-13-1 Imperial Chinese Railways $1 1899. VG $90. AU 170.00 S-13-3 $10 1899. issued. G 300.00 S-30-1 Communist Maojungs Liutungkyan $50 1944. VG-F 10.00 S-31-10 $5 1945. VF 10.00 S-31-11 $10 1945. EF 10.00 S-31-15 $2501945. F 15.00 S-65-1 Sheng 1 Feng $1. CU 25.00 S-170-40 - Ningpo Commercial Bank Shanghai $1 1933. VG 8 00 T-10-1 1 Ta-Ching Government Bank Hankow $1 1906 unlisted All 125.00 T-36.20 Ming note. 1000 Cash = 1 Kwan ca. 1400. VF and thus very nice condition for this note, vastly superior to the example illustrated in Smith- Mat ravers 1150.00 T-183- 3 + 4 Ministry of Finance 40d + 50d 1915. G 5 00 T-183- 3 + 30 40d 1915. 10d 1921, CU 20.00 T-183-11 -20-31-41 - 20Z 1919-22. VG 15.00 T-185-11c - $5 1921. VF 15.00 T-214 110-111 - Eastern Provincial Bank 5d+ 10d 1921. CU .. 35.00 T-214-175 - Provincial Bank of the Three Eastern Provinces $10 1924. F 35.00 W-3 Van Fong Tai Money Exchange 20 coppers. VG (Prostitute Tip Note) 40.00 W-4-1 Van Peng Yuan Chiem Chuang 1000 Cash 1928. CU 12.00 Y-11-30c F-96c Chartered Bank of India. Australia & China. Shanghai $5 1927. Fair $75. F-VF 220.00 Y-11-33c $100 18th July 1928. An excessively rare issued note. While a group of Chartered Bank specimen and trial notes came on the market a few years ago. the issued $100 note remains truly rare. Smith lists this denomination as 'Reported' not having seen one himself. VG-F 2250.00 Y-13-40 F-162 Hong Kong & Shanghai Bank Shanghai $5 1923. VG 95.00 Y-13-32 F-163 $10 1913. G 125.00 Y-13-32 F-163 $101920. G $110. F 210.00 New type $10 1923. AG 95.00 Y-20-30 Provincial Bank of Honan $1 1921. AU 20.00 Y-67-2 New Fu-Tien $5 1929. VG 25.00 The above listing represents one page of our new Banknotes 1979 list comprising 20 pages of notes and 6 pages of illustrations. Collectors in North America desirous of receiving a copy of the list should send $1.00 to cover airmail postage (collectors overseas $2.00 or equivalent). Collectors known to us may receive any notes on approval. while those who have not ordered previously should send payment with order. All notes are fully guaranteed in perpetuity as to authenticity. and also can be returned for any reason within 10 days of receipt. PLEASE NOTE THAT ALL PRICES ARE IN U.S. DOLLARS. C-294-32b 27 F 12 12 - +15 H-31 H-62-20 H-88-1 H-161 40 H-167-2 H-167-10 -11-12 - H-167-20 -21-22 H-167-22 H-167-30 -31-32 H-167-41- 42 43-44 H-16741 H-167 50- -51 52-53 - H-167-50 - SM PICK H-167 51 - H-171-30 - H-176-24 - Page 184 Paper Money FLORIDA NOTES WANTED ALL SERIES Also A Good Stock Of Notes Available P.O. BOX 1358 WARREN HENDERSON VENICE, FLA. 33595 FRACTIONAL CURRENCY LARGE SIZE NOTES U.S. MILITARY PAYMENT CERTIFICATES selling: High quality and/or scarce notes, fully described and attributed. Latest lists available on request, or send your want list. Please specify which list is desired. (Postpaid) No Nationals. buying: Nice condition or rare fractional, experimentals, proofs, specimens,- shields, essays, large size notes, and MPC to the extent of my inventory requirements. Write first, with description. ANA, SPMC, PMCM, NASC, CSNA, I BNS TOM KNEBL. Box 5043 Santa Ana, Calif. 92704 (714) 751-6608 BUYING NATIONALS NORTH CAROLINA VIRGINIA ARKANSAS WEST VIRGINIA I am especially interested in these states and will pay good prices. Please list what you have, condition and price and I am pretty sure we can get together. I am also interested in Nationals from other states — collections — hoards or estates. Large size AU and CU type notes wanted. Obsoletes from the Southern States eagerly bought. I am buying and look forward to your letter or telephone call. JAMES A. SPARKS, JR. (704) 636-3521 Also (704) 633-5177 P.O. Box 4235 Salisbury, N.C. 28144 WANTED OBSOLETE PAPER MONEY (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 West- ern rarities for advantageous trade. JOHN J. FORD, JR. P.O. DRAWER 706, ROCKVILLE CENTRE, N.Y. 11571 REMEMBER — YOU DO NOT NEED A $100,000 COLLECTION TO OBTAIN A 10% COMMISSION RATE FROM NASCA WILL YOU ACCEPT THIS CHALLENGE? We challenge you — the potential seller — to find another firm that can meet these terms and provide these results in a major market place. If they can't, don't you think you should sell your fine collection through NASCA? Can you afford not to do business with us? NASCA FEE SCHEDULE FOR ALI, CONSIGNMENTS PRICES REALIZED PER LOT COMMISSION CHARGED TO CONSIGNOR SI — 100 1 5 % $101 — 299 13% $300 — 499 10% $500 — 1499 71/2 % 51500 — up 5% Whole No, 81 Page 185 IN THE LAST 2 YEARS NASCA HAS SOLD MORE CURRENCY AT AUCTION THAN ALL THE OTHER AUCTION FIRMS IN THE UNITED STATES COMBINED! RECORD PRICES FOR THE LOWEST COMMISSION RATES AVAILABLE IN THE U.S. If that statement surprises you. we respectfully ask you to check it out. It doesn't surpt ise us because we must modestly submit to you, that we have taken painstaking efforts, under the direction of Dr. Douglas B. Ball, to "catalogue? not list currency when it comes into our offices for sale at public auction. It is no secret that in the last two years we have had the privilege of selling, currency collections belonging to Professor M. Clinton McGee, The Rhode Island Historical Society, The Mary land Historical Society - , The Bristol Historical Society. The 1Vesterly Public library, Mr. George flatie — Vice President of I American is lane Association, The New England Obsolete Bank Note Collection (formerly the property of Q. David Bowers). The Jack Guevrekian Collection of Obsolete Currency. The Paul Garland Collection of Confederate. State Notes and Bonds. The Sidney L. Olson Collection of Palestine and Israel Currency. Colonial Currency from the collections of Mr. Thomas Fitzgerald, the late Charles J. Affleck, and Philip H. Chase. In addition. there are do7ens and dozens of other consignors who have chosen NASCA to sell their currency. YOU MUST CONSIDER QUALITY & PRICES REALIZED RATHER THAN NUMBERS OF SALES WHEN YOU CONSIDER THE POSSIBLE SALE OF YOUR CURRENCY WHAT WILL ALL OF THIS COST? Much has been said in the last few months in the numismatic press about. "Reasonable Commission Rates.? "Competitive Commission Rates," "Very Low Commission Rates," etc., etc., etc. As we have previously stated, NASCA's commission rates are not just competitive — they are the lowest, most favorable commission rates available in the United States. Combined THE SOPHISTICATED SELLER KNOWS! If you are as sophisticated as we think you are. you will make allowances for some of the rhetoric that appears occasionally and recognize that such apparently conflicting claims are essentially correct. After all, talent, research, financial resources, honesty and competent promotional and advertising staffs are not the monopoly of any one firm or any region in our business. The same is true of each firm's ability to get top prices; for the numismatic market place is most assuredly international and collectors and dealers will pay as much for a desirable coin in one place as another, depending upon the market prices of the day. REMEMBER.THESE IMPORTANT FACTS In the past If months NASCA has had the privilege of selling, at record prices and for the lowest commission rates in the country, numismatic material from the collections of the following valued consignors: Professor M. Clinton McGee, The Rhode Island Historical Society, The Maryland Historical Society. The Bristol Historical Society, The Westerly Public Library. Mr. George Hatie — Vice President of the American Numismatic Association, The New England Obsolete Bank Note Collection (formerly the property of Q. David Bowers), the Wayte Raymond Collection, Sidney L. Olson, Robert Weiss, MeThomas Fitzgerald, not to mention material from the collections or estates of the late Charles J. Affleck and Philip H. Chase; and hundreds and hundreds of other consignors. with these low commission rates are all of the fine attributes that the reputable auction firms in the country also offer. No one has a monopoly on quality catalogues, fine photography. world wide distribution of catalogues, excellent clientele. and so forth. OUR SPRING 1979 AUCTION SCHEDULE IS IN PREPARATION. WHY NOT WRITE OR CALL HERB MELNICK TODAY SO WE MAY DISCUSS THE PROPER DISPOSITION OF YOUR COLLECTION. NUMISMATIC AND ANTIQUARIAN SERVICE CORPORATION OF AMERICA 265 Sunrise Highway. County Federal Bldg., Suite 53 Rockville Centre, LI.. New York 11570 516/764-6677-78 George W. Ball, Chairman of the Board NASCA 265 Sunrise Highway #53 Rockville Centre. N.Y. 11370 Dear Mr. Melnick. I am convinced. I want to sell my collection through NASCA. q Please call me at D Please send use additional information: NAME ADDRESS_ CITY STATE ZIP FOUND IN AN ATTIC GRAFTON, N.D. NATIONAL BANK NOTES 1929 $10.00 Type I Grafton National Bank Ch. #3096 Ave. Circ. (VG or better) $125.00 *Uncirculated 195.00 Choice Uncirculated 235.00 *Never circulated, no creases, but may not be cut properly, have small print counting marks or very light soil. Sent Postpaid & Insured — Satisfaction Guaranteed. Send SASE for list of other North Dakota Nationals for sale. We also buy N.D. Nationals. What do you have for us? ANA SPMC PMCM CSNS Phone: 701-662-5770 LAKE REGION COIN & CURRENCY EXCHANGE Box 48 Devils Lake, North Dakota 58301 (83) Page 186 Paper Money COLLECTOR WANTS TO BUY MISSOURI NATIONAL BANK NOTES 4083 Brunswick 4000 Moberly 2218 Lancaster 1803 Paris 2862 Macon 3322 Paris 2884 Marshall 8359 Salisbury Obsolete Notes from Moberly, Mo. Other interesting Missouri Nationals such as #1 notes, etc. Lloyd Deierling, SPMC 5190 P.O. Box 394 Moberly, Mo. 65270 WANTED 1928 $1 LEGAL TENDER Low serial numbers. Notes with face checks #1, #12, #24 and above. Interesting seria Is, etc. Please write giving serial number, front & back plate numbers, condition and price. R. LOGAN TALKS 4108 Elmhurst Rd. Toledo, Ohio 43613 SPMC 5071 U.S. CURRENCY WANTED Need all Large size Gem CU notes without pinholes or folds: $1-$2-$5 Educational Set $6500. $5 Onepapa 700. $10 Bison 1000. $10 Jackass 650. $1 Martha Washington 600. $2 Battleships 400. Above also needed in quantities VG or better. Buying all other Large size Gem CU. Ship with invoice or for offer. Overgraded notes returned at owners expense. LOU RASERAPMC 4773213-343 -2482 P.O. Box 61 Reseda, Calif. 91335 Whole No. 81 Page 187 D. SCOTT S Et BOX 26 ANOKA, MINNESOTA 55303 PHONE (6412) Tr47,75878 the WHEN RARITIES ARE SOLD . . . . . . THE CURRENCY EXCHANGE DELIVERS! (Thousands of notes in stock, hundreds of R5/better notes.) Visit my table at the Memphis Extravaganza to view my new acquisitions which include: 100+ Criswell N.A.C. plate notes, the widest array of Central States notes to be offered in years. A recent $3 bill purchase (100+ notes), and several significant Western rarities. "CU" THERE! I am also interested in purchasing any size collection you may have to offer, be it one note or a thousand. Strong prices paid for Central and Western States material, territorial issues and odd denominations. Dealers, historians and small businesses will be interested in the data and word pro- cessing systems I have to offer. Selected for value and numismatic compatability, I can offer microcomputer systems that easily compare with systems costing thousands of dollars more. These systems should not be confused with underpowered "toys" that are being promoted as "business systems" — they are business quality microcomputers, peripherals, and software combined in packages costing $4000 to $9000 each that perform as well as systems costing up to twice as much. (One year's subscription to my quarterly catalogues cost $2.00.) obsoletes and nationals of Minnesota, Wisconsin, Iowa, and all points WEST type notes and coins too!!! Pell) jerop National Bank Currency ZLEziourazi We are interested in small and large nationals of these towns in Bergen county: Allendale Bergenfield Bogota Carlstadt Cliffside Park Closter Dumont Engelwood Edgewater Fairview Fort Lee Garfield Glen Rock Hackensack Hillsdale Leonia Little Ferry Loch Lyndhurst North Arlington Palisades Park Park Ridge Ridgefield Ridgefield Park Ridgewood Rutherford Ramsey Teaneck Tenafly Westwood Wyckoff West Englewood eastern Coin extbange ANA LM 709 PH. 201-342-8170 74 Anderson Street Hackensack, N.J. 07601 SMALL-SIZE MASSACHUSETTS NATIONAL CURRENCY WANTED #1386 Abington #268 Merrimac #462 Adams #13855 Millbury #4562 Adams #383 Northampton #1049 Amesbury #1260 • Pittsfield #2172 Athol #779 Plymouth #3073 Ayer #4488 Reading #684 Milton-Boston #2288 Spencer #11347 Braintree #2435 • Springfield #11270 Chelsea #1170 • Stockbridge #14087 Chelsea #688 Waltham #7452 Danvers #2312 Webster #7957 Edgarton #13780 Webster #9426 Foxboro #769 • Whitinsville #14266 Haverhill #4660 Whitman #13395 Hyannis #11067 • Woburn #697 Lynn #14033 Woburn #4580 Lynn #516 Yarmouth Those notes with dots indicate large size notes for trade JOHN It PALM 6389 ST. JOHN'S DRIVE EDEN PRAIRIE, MINN. 53344 WANTED 1. D. C. Obsolete Currency 2. Small Size Currency with Serial numbers 00000081, 00000082, 00000084 3. Also wanted D. C, NatiOpals 4. Buying Maryland Colonial Notes Julian Leidman 8439 Georgia Avenue, Silver Springs, Md. 20910 (301) 585-8467 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 Page 188 Paper Money Whole No. 81 Page 189 PAPER MONEY PUBLICATIONS BY DR. MUSCALUS LATEST RESEARCH REPORTS 7. The Use of Banking Enterprises in the Financing of Public Education, 1796-1866. A Doctor's Dissertation (U. of P.). Early financial history of various States. 1945. 17 tables and 22 pages of bibliography. 202 pages 5 00 8. Paper Money of Early Educational Institutions and Organizations 2 00 9. A Bibliography of Histories of Specific Banks Lists histories that concern specific banks. 16 pages 2 00 10. State-Owned Banks, the Pet Banks and their Bank Notes. A type overlooked by the student of State Treasury Notes 2 00 11. Saint Nicholas on Early State Bank Notes. 1962 1.00 16. County Scrip Issued in the United States. Illustrated. Confederate and other county issues 1 00 19. Paper Money in Sheets. 106 pages with over 400 specimen notes illustrated 15.00 20. Locomotive Engravings on State Bank Notes and Scrip, 1832-1875. Sixty-four illustrations of different locomotive engravings. 1964 5 00 21. The Oxford Paintings of Reynolds Virtues in the West Window on Paper Money. Temperance, Prudence and Justice. Illustrated. 1965 2 00 22. Popularity of Wm. S. Mount's Art Work on Paper Money, 1839-1865 Illustrated. 1965. The famous corn husker 2 00 23. Oglethorpe at Christie's Sale of Dr. Johnson's Library, on Paper Money. 12 Illustrations, 1965 2.00 24. The Dismal Swamp Canal and Lake Drummond Hotel on Paper Money, 1838-1865. Illustrated. 1965 2 00 25. Dictionary of Paper Money With Historical Speci- mens Illustrated Revised Edition of 1965.67 illustrations 3 00 26. Birch's Painting of Perry's Battle on Lake Erie Used on State Bank Noted and Scrip. Thoroughly illus- trated. 1966 2 00 30. Whaling Art by Garneray, Stewart and Page Used on State Bank Notes 1 00 31. Odd Bank Note and Scrip Denominations in American Monetary History. 102 illustrations .. 3.00 32. Lincoln Portraits on College Currency, State Bank Notes and Scrip 29 illustrations 2 00 36. Renault's Painting of the Surrender of Cornwallis at Yorktown on Paper Money 1 00 37. Landseer's "My Horse", "Spaniel" & Other Paintings on Paper Money 3 00 40. The Beautiful View of the Rockville Bridge Across the Susquehanna Above Harrisburg on State bank notes $1.00 43. The Use on Paper Money of Peale's Paintings of the Wounded General Mercer 1 00 44. Illustrations of County Scrip Issued in Mississippi, North Carolina, Tennessee and Pennsylvania .. 2.00 45. Paper Money Pertaining to Druggists, Medicine and Medical Practitioners. 1967.94 illustrations . . . 3.00 67. Railroad Currency: Bank Notes and Scrip Represen- tative of Over One Hundred Railroads, 1830's - 1971. All Notes Illustrated 5 00 68. Washington's Crossing and the Battle of Trenton Protrayed on Bank Notes, Scrip and Paintings. 23 illustrations. 1972 2 00 69. General George McClellan on Paper Money. 13 illustrations. 1972 2 00 70. National Bank Notes of Buffalo and Vicinity. 58 illustrations. 1978 3 00 71. Bank Notes Commemorating the Landing of the Pilgrims at Plymouth. 11 illustrations. 1973 . . . 2.00 72. Recycled Southern Paper Money: A reference list of Southern paper money printed on the backs of scarce unused notes and documents. 24 pages, 1973 3 00 73. Jackson Portraits and the Battle of New Orleans on State Bank Notes. 24 illustrations. 1974 2 00 74. Paper Money of the Four - dollar Denomination. 52 illustrations. Valuations are listed. 1974 ... 2.00 75. Transportation Currency: Bank notes and scrip represtative of forty-five varieties of transportation companies. 48 illustrations. 1974 3 00 76 Massachusetts Scrip. 116 illustrations. Valuations are given 3.00 77 Pennsylvania Borough and City Scrip. 96 Illustra lions with values 3 00 78 Album of Georgia and City Scrip. 67 Illustrations with values 3 00 79 Georgia Railroad Currency Comprehensively Illus Crated 99 illust with values 5 50 80 Early Ships and Shipbuilding on Paper Money 107 Illustrations . 5 50 81 Album of Georgia Local Business Notes 166 Illustrations with values 300 82 Mississippi Railroad Comprehensively Illustrated 5 50 66 Brttish Empire Bank Note Proof 100 tiustrations 5 00 65 The Capitol Its Developmental Aspects and the Crawford Statue of Freedom Portrayed on Paper Money 1971 2.00 64 The Kinds of Scrip Used by School Districts Financial Emergencies 1971 2 00 63 Princess Dona olBotne on Bank Notes Used In The United States 1971 1 00 62 Historic Jamestown & Pocahontas on Paper Money and Chapman Art 1971 1-00 61 Bank Notes Honoring Pulaski and the Pulaski Monuments 1971 200 60 Portraits and Paintings of Engenie. Napoleon I and Marie Louise on American Money 17 illustrations 1969 2.00 59 Album of Types of Paintings and Portraits of Penn. Franklin and Buchanan on Paper Money 39 illustra ions 1969 2.00 58 Franklin s Gf eat Grandaughter-I,Law (Mrs Bache) on Paper Money 13 illustrations 1969 2.00 57 Henriette Sontag the Countess Rossi on Paper Money Issued in the United States 1969 A famous Prima Donna who toured America 1 00 56 Solomon Carvalho)s Art on Paper Money Issued in the United States and Canada 17 illustrations. 1969 Artist to Fremont 's Expedition to the West 2 00 55 Portraits of the First Three Directors of the Mint on Paper Money 1969 4 illustrations 1 00 54 Portraits of Elias Boudinot on Paper Money. 1969 Illustrations 2 00 53 Sully-s Painting of the Future Rev. Dr. Alf red L Elwyn on Paper Money 9 illustrations 1969 2 00 52. Shakespeare on Paper Money 14 illustrations 2 00 51 Lord Byron on Paper Money Issued in the United States. 20 illustrations 1969 . . 2 00 50 Two Famous Paintings of God and the Infant Christ on N J Paper Money 1 00 49 The Princess Victoria on an American Bank Note of 1837 1968 1 00 48 Saint John on American Paper Money 1968 1 00 47 The Extensive Use of Christ on Paper Money C q • culated in the United States. 17 illustrations 1968 1.00 46 Raphael's Saint Catherine on Paper Money Issued by the State of Florida and Others 1968 1 00 HISTORICAL PAPER MONEY RESEARCH INSTITUTE BOX 187 BRIDGEPORT, PA. 19405 Page 190 Paper Money U.S. CURRENCY SPECIALS $1 FEDERAL RESERVE SETS SALE Superb Crisp New Complete Sets. 10% Discount on order over $200.00 for any of the following $1 F.R. sets (Except when shown "NET") Regular Sets Star Sets 1861 $100. Ty. 56. Famous "Lucy H. Pickens" Note. Crisp New. SPECIAL 24.95 Bradbeer "Confederate & Southern States Currency" 14.50 Criswell. "Confederate & Southern States Currency" 1963 (12) 27.95 (12) 32.95 1976 Ed 15.00 1963A (12) 26.95 (12) 31.95 Slabaugh. "Confederate States paper Money". New 1963B (5) 14.95 (4) 16.95 5th Ed. Illus'd., Values 3 50 1969 (12) 24.95 (12) 30.95 SPECIAL - all three ppd 26.50 1969A (12) 24.95 (11)29.95 FREE - 1864 $20 CSA Note Crisp New with above 1969B (12) 23.95 (12)29.96 BIG three book order. Ask for our CSA Note Bargain 1969C (10) 21.95 (9) 42.95 List. 1969D (12) 23.95 (11)27.95 OBSOLETE SHEETS 1974 (12) 21.95 (12)26.95 Beautiful Pristine Uncut Sheets: CANAL BANK, LA. 1977 (12) 18.95 WRITE Sheet (2) Any above set - with last two Serial Nos. matching add $2 per set. $500.00- $1,000.00 Crisp New, Nice "Exhibit Item" - Scarce 69.50 SPECIAL OFFER FLORENCE BANK, OMAHA. NE Sheet (4): $1 - $1 - 1963/77 All 10 Sets (NET) 199.75 Last 2 Nos. Match (NET) 219.75 1963/74 All 9 Star Sets (NET) 231.75 Last 2 Nos. Match (NET) 249.75 BLOCK BUSTER SPECIAL 1963A $1 Scarce "BB" Block Cr. New (Regularly $35.00) SPECIAL 29.50 WANTED - 1963 BC, DB Blocks, ask for our BIG Block Price List. 1976 $2 BICENTENNIAL SET The last two Serial Nos. match on all 12 dsts. Superb Cr. New - Postpaid 34.95 RARE EXPERIMENTAL ISSUE 1935A Red "R" & "S" Pair - Superb Crisp New 239.50 Similar Pair - Crisp new but not quite as well centered 199.50 O'DONNELL'S "The Standard Handbook of Modern U.S. Paper Money". 6th Ed. All the facts on Small Size Notes & Block Collecting. ($15) SPECIAL .. 7.50 MAJOR ERROR SPECIAL 1957B $1 Silver Certificates - the Serial Nos. Start with U37 & U47. Crisp New Gem 49.50 I n Lucite Holder (W/title) 53.50 Buy a Pair-Matched Serial Nos. (One In Plastic) 96.00 DE LOREY/REED'S New 4th Ed. Price Guide for Collectors of Modern U.S. Paper Money Errors". Illus.'d., Vals 3 00 STAR NOTES WANTED Packs (100) Consecutive Nos. 1977 $1 (Dists. 1-2-3- 6-8-12) 1974 $1 (Dists. 2); 1969-C (Dist. 12) Pay $3 Ea. 1969C; 1976 $2 (Dists. 2-3-6-8-12) (Pay $4.50 Ea. Dists. 8, 12) Others - Please Call or Write for Prices Paid. CONFEDERATE SPECIAL 1861 $10 Type 30. "General Marion's Sweet Potato Dinner" Fine. Only 6 95 4514 North 30th Street, $3 - $5 89.50 SPECIAL - Both Sheets 129.50 U.S.T.D. "History of Bureau & Engraving & Printing". 210 Pgs. Illus. 22.50 WISMER'S "Obsolete Bank Notes of England" Reprint. 310 pages, 1 Ilus'd 20.00 SPECIAL - The pair ppd 36.50 LIBRARY SPECIALS Add $1.50 to book orders (over $50. add $2.00). Your name in gold on any book add 60d. FRIEDBERG'S New 9th Ed. "Paper Money of the United States" 17.50 HESSLER'S 2nd Ed. "The comprehensive Catalogue of U.S. Paper Money." Illus'd., Values 25.00 SPECIAL - The pair 36.00 BIG SIX SPECIAL +HARSCHE'S New 6th Ed. "How to Detect Altered Coins & Paper Money". Illus'd 2 95 +HEW1TT/DONLON'S 14th Ed. "Catalogue of Small Size Paper Money" 2 50 +KAGIN/DONLON'S 1979 6th Ed. "U.S. Large Size Paper Money 1861-1923" 4 95 +KEMM'S 1979 Ed. "The Official Guide to U.S. Paper Money" 1 95 +SHAFER'S 1977 7th Ed. "Guide Book of Modern U.S. Currency" 2 95 +WERLICH'S "Catalgue of U.S. & Canada Paper Money" 3 95 SPECIAL - Above Six - NET 15.95 Save $$$ On Book Orders Send $1.00 for our BIG Book List. (Over 775 diff.) - FREE with $25 book order, let Bebee's - "America's Leading Dealer in Books for Over 35 Years" Serve YOU! Please add $2 to Note orders (over $200 add $3). 100% satisfaction guaranteed (TEN-DAY money-back return privilege). Nebraskans add sales tax. Now starting our 39th year - specializing in Paper Money all the way. Give us a try - you'll discover WHY America's "particu- lar collectors" have shopped at Bebee's since 1941. Y'all hurry - we'll be looking for YOU! 1 ■ MEMBER: Lite 0110 ANA, ANS, PNG, S i IL MC ■ SCPN, SPMC, IAPN, Others "Pronto Service" Phone 402-451-4766 Omaha, Nebraska 68111 edPct's RARE COINS and CURRENCY (BESIDE THE ALAMO) 220 ALAMO PLAZA SAN ANTONIO, TEXAS 78205 (512) 226-2311 It pays to 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 BOOKS THE DESCRIPTIVE REGISTER OF GENUINE BANK NOTES by Gwynne & Day 1862. 168 pp Cloth bound. 1977 reprint by Pennell Publishing Co. $15.00 postpaid. This book contains descriptions of over 10,000 genuine bank notes from 31 states and terri- tories plus 24 Canadian banks. It also identifies notes known to have been counterfeited. The names and locations of over 800 closed banks are included in the supplements. It is believed that this book was the basis of the famous Wismer Lists published by the ANA 50 years ago. A must for collectors and researchers of obsolete notes. We bound 10 copies in genuine leather and interleaved them with plain pages (for your own notes) and offer them subject to prior sale for $60.00 each. HODGES' AMERICAN BANK NOTE SAFE-GUARD by Edward M. Hodges 1865. 350 pp Cloth bound. 1977 reprint by Pennell Publishing Co. $19.50 postpaid. "Hodges' " as this book is known, contains descriptions of over 10,000 genuine notes from 30 states, 19 Canadian banks, and the United States notes issued prior to 1865. This 1865 edition was copyrighted in 1864 and at this time the United States was at war with the Confederate States. As a result the listing for six Southern states was not included because they were not a part of the United States. Louisiana was included as in 1864 it was occupied by Union troops under the infamous General Butler. West Virginia was added to this edition as it seceded from Virginia and join the Union in 1863. We have added a section from the 1863 edition (copyrighted in 1862) containing the six states deleted from the 1865 edition making this reprint the most comprehensive Hodges' ever printed. The format used consists of three rows of ten notes listed in rectangles on each page. To quote from E.M. Hodges "The SAFEGUARD is almost indispensable." Collectors will agree with him. We bound 10 copies in genuine leather and interleaved them with plain paper (for your own notes) and offer them subject to prior sale for $75.00 each. THE BANK OF THE STATE OF SOUTH CAROLINA by Dr. F. Mauldin Lesesne 1970. 221 pp Hand bound. University of South Carolina Press $14.95 postpaid. The South had many colorful banks prior to the Civil War, but few could compare with the Bank of the State of South Carolina. From its charter in 1812 until 1881 when its history ended, it was colorful, controversial, and redeemed its issued notes. The "faith and credit" of the State of South Carolina was pledged to back this bank. Dr. Lesesne's account of this bank is interesting reading to both collector of paper money and historical students. Few banks have such detailed accounts of their life as the Bank of the State of South Carolina. The book is annotated and has a wonderful bibliography. If you only read one bank history, and should read this one as it will interest both South Carolinians and non-Carolinians alike. It is just an excellent story of a very important bank. PENNELL PUBLISHING COMPANY P.O. Drawer 858 Anderson, South Carolina 29622 *S.C. residents add 4% S.C. sales tax.