Paper Money - Vol. XX, No. 2 - Whole No. 104 - March - April 1983

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pTHE BIMONTHLY PUBLICATION OF THE SOCIETY OF PAPER MONEY COLLECTORS VOL. XXII No. 2 WHOLE No. 104 MARCH/APRIL 1983 THE PERSONAL TOUCH FOR YOU AND YOUR CONSIGNMENT TO1983 ANA AUCTION For consignments over $50,000, we will pay all expenses for your airfare, hotel accommodations, and meals when you accompany your material to our nearest office — San Francisco, Des Moines, New York or London. Your material will be personally evaluated by our expert numismatic staff. All paperwork, pre-grading, and promotion arrangements will be made immediately, in your presence. Now you want the peace of mind of knowing that your collection will receive Kagin's personalized treatment. For those who wish, Kagin's will be happy to make alternative travel arrangements. You know that Kagin's, with over 325 sales in fifty years of successful business, has the experience and knowledge to conduct the sale. And you've made the decision to sell at the ANA Auction. You will return home confidently, knowing your material will be receiving Kagin's professional handling. WRITE: CALL: Donald H. Kagin George Fuld Ron Howard A.M. (Art) Kagin Kurt Langland John Stack Larry Bedard SAN FRANCISCO TOLL FREE 800 227-5676 IN CALIFORNIA 8(X) 652-1250 DES MOINES TOLL FREE 800 247-5335 NEW YORK Call Collect (212) 697-1212 KAGIN'S NUMISMATIC INVESTMENT CORP. 1000 Insurance Exchange Building • Des Moines, Iowa 50309 El I am interested in consigning material to the official 1983 ANA Auction. Please have someone contact me q Please reserve my copy of the official 1983 A.N.A. Auction catalog for which I enclose a check for $15. Name Address City State, Zip Phone (Bus.) (Res) ) PM.3/4.3 1(4a UW nYS # SAN FRANCISCODES MOINESNEW YORK* LONDON SOCIETY OF PAPER MONEY COLLECTORS INC. Official Bimonthly Publication of The Society of Paper Money Collectors, Inc. Vol. XXII No. 2 Whole No. 104 MAR/APR 1983 Paper Money Whole No. 104 Page 49 PAPER MONEY is published every other month beginning in January by The Society of Paper Money Collectors, 1211 N. DuPont Hwy., Dover, DE. Se- cond class postage paid at Dover, DE 19901. © Society of Paper Money Collectors, Inc., 1983. All rights reserved. Repro- duction of any article, in whole or in part, without express written permis- sion, is prohibited. Annual Membership dues in SPMC are $12. Individual copies of current issues, $2.00. ADVERTISING RATES SPACE Outside 1 TIME 3 TIMES 6 TIMES Back Cover $72.00 $195.00 $367.50 Inside Front & Back Cover $67.50 $181.50 $345.00 Full Page $59.00 $158.00 $299.00 Half-page $36.00 $ 98.00 $185.00 Quarter-page $15.00 $ 40.00 $ 77.00 Eighth-page $10.00 $ 26.00 $ 49.00 To keep administrative costs at a minimum and advertising rates low, advertising orders must be prepaid in advance according to the above schedule. In the exceptional cases where special artwork or extra typing are re- quired, the advertiser will be notified and billed extra for them accordingly. Rates are not commissionable. Proofs are not supplied. Deadline: Copy must be in the editorial office no later than the first of the month preceding month of issue (e.g. Feb. 1 for March issue). Mechanical Requirements: Full page 42 x 57 picas; half-page may be either vertical or horizontal in format. Single column width, 20 picas. Halftones acceptable, but not mats or stereos. Page position may be requested but cannot be guaranteed. Advertising copy shall be restricted to paper currency and allied numismatic material and publications and accessories related thereto. SPMC does not guarantee advertisements but accepts copy in good faith, reserving the right to reject objectionable material or edit any copy. SPMC assumes no financial responsibility for typographical errors in advertisements, but agrees to reprint that portion of an advertise- ment in which typographical error should oc- cur upon prompt notification of such error. All advertising copy and correspondence should be sent to the Editor. ISSN 0031-1162 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 SPMC or its staff. PAPER MONEY reserves the right to edit or reject any copy. Deadline for editorial copy is the 1st of the month preceding the month of publication (e.g., Feb. 1 for March issue, etc.). IN THIS ISSUE 1929-1935 NATIONAL BANK NOTE VARIETIES, SUPPLEMENT XII M. Owen Warns 51 UPDATE—INDIVIDUAL NATIONAL BANK CHARTERS BY STATES WHOSE NOTES OF THE 1929-1935 ISSUING PERIOD REMAIN UNREPORTED M. Owen Warns 55 TILL EULENSPIEGEL AND NOTGELD Dwight Musser 60 PLATE NUMBERS AND CHECK NUMBERS R. H. Lloyd 64 HOMER LEE BANK NOTE COMPANY ADVERTISING CARD SIMULATES CURRENCY Barbara R. Mueller 66 INTERESTING NOTES 'BOUT INTERESTING NOTES Roger H. Durand 68 PATENT PAPERS 70 THE PRODUCTION OF PAPER MONEY J. E. Ralph 74 REGULAR FEATURES PAPER COLUMN 72 COPE REPORT 78 INTEREST BEARING NOTES 79 SECRETARY'S REPORT 79 ■■•-- Society of Paper Money Collectors OFFICERS PRESIDENT Wendell Wolka, P.O. Box 366, Hinsdale, IL 60521 VICE-PRESIDENT Larry Adams, 8121/2 Story St., Boone, Iowa 50036 SECRETARY Robert Azpiazu, Jr., P.O. Box 1433, Hialeah, FL 33011 TREASURER Roger H. Durand, P.O. Box 186, Rehoboth, MA 02769 APPOINTEES EDITOR Barbara R. Mueller, 225 S. Fischer Ave., Jefferson, WI 53549 LIBRARIAN Wendell Wolka, P.O. Box 366, Hinsdale, IL 60521 PUBLICITY CHAIRMAN Larry Adams, 8121/2 Story St., Boone, Iowa 50036 NEW MEMBERSHIP COORDINATOR Ron Horstman, P.O. Box 6011, St. Louis, MO 63139 BOARD OF GOVERNORS Larry Adams, Walter Allan, A.R. Beaudreau, Charles Colver, Michael Crabb, Jr., Martin Delger, Roger H. Durand, C. John Ferreri, William Horton, Peter Huntoon, Dean Oakes, Stephen Taylor, Steven Whitfield, Harry Wigington, John Wilson. The Society of Paper Money Collectors was organized in 1961 and incorporated in 1964 as a non-profit organ- ization under the laws of the District of Columbia. It is af- filiated 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 character. 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 notifi- cation to the secretary that the member has reached 18 years of age. Junior members are not eligible to hold of- fice or to vote. Members of the A.N.A. or other recognized numis- matic 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. Annual dues are $12. 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 BOOKS FOR SALE: All cloth bound books are 8'1 x 11" INDIANA OBSOLETE NOTES & SCRIP $12.00 Non-Member $15.00 MINNESOTA OBSOLETE NOTES & SCRIP Rockholt $12.00 Non-Member $15.00 MAINE OBSOLETE NOTES & SCRIP. Wait $12.00 Non-Member $15.00 OBSOLETE NOTES & SCRIP OF RHODE ISLAND AND THE PROVIDENCE PLANTATIONS, Durand $20.00 Non-Member $25.00 ORDERING INSTRUCTIONS I. Give complete description for all items ordered. 2. Total the cost of all publications ordered. 3. ALL publications are postpaid except orders for less than 5 copies of Paper Money . NEW JERSEY'S MONEY, Wait $11.00 Non-Member $14.00 TERRITORIALS—A GUIDE TO U.S. TERRITORIAL BANK NOTES, Huntoon $12.00 Non-Member $15.00 INDIAN TERRITORY / OKLAHOMA / KANSAS OBSOLETE NOTES & SCRIP, Burgett & Whitefield $12.00 Non-Member $15.00 IOWA OBSOLETE NOTES & SCRIP, Oakes $12.00 Non-Member $15.00 Write for Quantity Prices on the above books. 4. Enclose payment (U.S. 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. Order from: R.J. Balbaton, SPMC Book Sales Dept. 116 Fisher St., North Attleboro, MA 02760. Library Services The Society maintains a lending library for the use of Librarian—Wendell Wolka, P.O. Box 366, Hinsdale, Ill. the members only. For further information, write the 60521. Page 50 Paper Money Whole No. 104 A000056 11 1 'mum wrung_ litaminir rffs 4"! SOINO, nrf 5 rmererwAscrnor pffiglitt;:mtvrEs olitsgmat - THE FIRST NATIONAL BANN OF LAWRENCE COUNTY AT WALNUT RIDGE ARKANSAS PAY TO TM L PLAPIR off DUA.C. (NE 111.NBRED MUMS 11312 A000056 3 2 Paper Money Whole No. 104 Page 51 1 9 ' [1011011R BOB 110If VflIIIETIES BY M 0 WEN NLG WARNS SUPPLEMENT XII Additions to the 1929-1935 National Bank Note issues previously reported UNCOMMON TYPE-II $100 NOTE SURFACES The First National Bank of Lawrence County at Walnut Ridge, Ark. Charter 11312 The bank was established in the small town of Black Rock, five miles northwest of the Ridge in 1919. The above note is the 56th from a total of 72 Type-2, $100 notes issued. This bank also issued 132 Type-2 $50 notes of which 128 were placed in circulation with four of the notes, Nos. 129, 130, 131 and 132, having been cancelled. The $50 and $100 Type-2 notes were delivered to the hank on December 6, 1933. Photo courtesy of Milton Sloan. ALABAMA DELAWARE * 5024 Eufaula 20. * 3383 Harrington 10. * 7467 Union Springs 5. 10. 9428 Wyoming 20. 8765 Huntsville 10. 9681 Dozier 20. FLORIDA * 10131 Lincoln 20. 4813 Palatka 20. * 10697 Atmore 10. GEORGIA ARIZONA * 14061 Elberton 10. 11012 Nogales 20. 14257 Cordelte 10. ARKANSAS IDAHO 8763 Fayetteville 10. 9432 Salmon 10. 10060 Huttig 20. 11274 Twin Falls * 10853 Rector 20. 11312 Walnut Ridge 100. ILLINOIS * 13637 Forrest City 1773 Morris 50. 2829 Champaign 10. CALIFORNIA 3752 Quincy 5. 6919 Oroville 20. 4469 Aurora 10. 9795 Vacaville 10. 5223 Amboy 20. 10100 Reading 20. * 5519 Chatsworth 20. 5699 De Land 10 CONNECTICUT 6451 Paris 5. 1314 Clinton 5 7031 Compton 20. 2494 Waterbury 10. * 7385 Golconda 10. S OCIETY members following the 1929-1935 NationalBank Note issues ongoing study will be pleased to findlisted 250 additional previously unreported notes in this the 12th Supplement to the original listing which appeared in the SPMC 1970 publication The National Bank Note Issues of 1929-1935 by Warns, Huntoon and Van Belkum. During the past 13 years, 12 supplements to the original listing have appeared in Paper Money, thus enabling Society members to record the newly reported notes and char- ters up to their current reported status. The small-size National Bank Note study has "paid off" richly. The research has clearly proven to be a reliable source of information fathoming many of the peculiarities that have arisen in this intriguing issue of Nationals. Unselfishly, collec- tors' "finds" have been wholeheartedly shared with Society members; they have made available newly surfaced data that relate to their own locales, states, or various other aspects of this field. Important is the recording of new facts gained as they become evident lest they be set aside only to be lost or forgotten, ultimately relegated to a state of oblivion. Those researching this issue of notes have found it to be a self- satisfying achievement for posterity as well as a basic legacy for future students . . . may it continue at its present pace! 2.7Ps TWIlaYggiltiVIV40,FAMEMCA LH FIRST NAlnkt SANK OF WYOMING DELAWARE AO(10220A t0 7.1.7•2247:. via; !OF Fast t HULLS NAHANNI BANN OF GATE CITY V1RODRA TIEN U : AtttleabrarmoisVAmm • itautok, THE FIRSI \ 42 1006195 tirICKAL SANE OF STRASEIt '12G '131107;TY INALLAILS 1000!3{1 9 M3=-=M!1:2Z=p::E:Mk/Ei36EA,it " I NIT I 3.WINDAMMICI0 104 12953 1001100 MOIXEDOTA TEN 'SOLLARS 1001100 i2959 0."--.41(C.17,7F IXE BMW NATIONAL RANK • Bei FALL) Page 52 Paper Money Whole No. 104 The First National Bank of Wyoming, Del. Charter 9428 The bank was established in 1909, the last Delaware National Bank Charter to issue 1929-1935 notes. This is the companion note to the $10 denomination reported in Supplement XI. The bank issued $24,280 worth of Type-I $10 and $20 notes, and $13,460 worth of Type-2 $10 and $20 notes. It is odd that both the $10 and $20 Type-I notes should be reported in successive Supplements by two different collectors, some 50 years after they were issued. Illustration courtesy of Samuel L. Adkins. The First & Peoples National Bank of Gate City, Va. Charter 13502 The bank was established in December of 1930 after having absorbed Charters 7135 and 7208. Note the "ct " character, rarely employed in National Bank titles. The bank issued $7,680 worth of Type-I $20's under bank title Peoples National Bank and also issued $5, $10, and $20 Type-2 notes under the First & Peoples title. Courtesy of Elvin B. Miller. The First National Bank of Strasburg, Pa. Charter 42 Established in 1863 with a capital of $80,000. The initial officers were C. Rowe, president, and George W. Hensel, cashier. The bank was liquidated in 1882 and reestablished under Charter 2700. In 1911, the bank retook its original charter 42. Strasburg is located in Lancaster County; its latest population is 1897. It is the site of the Pennsylvania State Railroad Museum. The above note is much sought after; only 253 T-2's were issued. We are indebted to Geraldine Eddy for the above illustration. The Buffalo National Bank, Buffalo, Minn. Charter 12959 The bank was established in November of 1926 with 0. W. Lundsten as the president and his son M. L. Lundsten the cashier. This bank issued Type-2 small size notes of $5-10-20 denominations only. Illus- tration, courtesy Gary Kruesel. 7500 Westville 20. 7579 Co f feen 10. ■ 7673 West Frankfort 10. * * * * 7971 Norris City 5 10. 8163 Barrington 10. * 8224 Lerna 10. * 9338 West Salem 20. * 9649 Aledo 5 9786 Sandoval 5 9883 Hamilton 10. 10079 Litchfield 10. *11108 Hume 20. * 11283 Barrington 10. 11509 Flora 20. 13744 Hoopeston 5 * 13856 Chicago 10. 20. 13875 Monticello 5 14245 Chicago 10. INDIANA 1869 Rushville 20. 5226 Lewisville 20. 6388 West Baden 10. 6509 Auburn 10. 6699 New Harmony 10. 7036 Poseyville 5 7124 Greens Fork . .20. 7909 Lawrenceburg 20. 8625 Williamsburg 10. 9006 Rosedale 10. 13542 New Harmony ...5. IOWA 5145 Sidney 5 6056 Red Oak 10. 6857 Elliott 20. 7322 Akron 10. 8373 Northwood 20. 12636 Creston 5 KANSAS 3589 Lindsborg 10. 3819 Chanute 5 8379 Abilene 20. 10065 Luray 20. 10980 Marion 10. * 14163 Goodland 5 KENTUCKY 2788 Stanford 10. 6342 Campbellsville 20. 10062 Jenkins 20. 13983 Henderson 5 MAINE 1425 Calais 10. 2371 Rockland 5 MARYLAND 7064 North East 20. 13475 Baltimore 10. 13680 Bel Air 20. MASSACHUSETTS 616 Peabody 5 688 Waltham 10. 969 Beverly 20. *11067 Woburn 20. *11270 Chelsea 5 13411 Webster 10. * 14087 Chelsea 5 MICHIGAN 1515 Paw Paw 10. MINNESOTA 496 Hastings 20. 6661 Parkers Prairie ...5. 6921 LeSueur Center 20. 6973 Carlton 20. 7196 Halstad 10. 7625 Woodstock 20. 8551 Fairmont 10. 10710 Baudette 5 11579 Nashwauk 5 12395 Cokato 20. 12607 Grey Eagle 20. 12959 Buffalo 10. 13692 Park Rapids 10. 13784 Madelia 20. MISSISSIPPI 3332 Jackson 50. * 13553 Gulfport 20. MISSOURI 5107 Kirksville 10. * 6242 Burlington Jct....5. Paper Money Whole No. 104 Page 53 8509 Clinton 20. * 8914 Steelville 10. 10784 Caruthersville . 10. 13268 Unionville 20. * 13367 Versailles 5 NEBRASKA 13316 Minatare 20. NEW HAMPSHIRE 877 Keene 20. 1059 Manchester 5 1310 Nashua 20. NEW JERSEY 452 Freehold 10. 1272 Lambertville 5 1326 Salem 10. 1436 Elizabeth 5 2076 Dover 10. 4420 Atlantic City . 10. 7754 Metuchen 20. 8437 Carteret 20. 12806 Guttenberg 10. NEW YORK * 822 Dover Plains 20. 893 Saratoga Spgs. 20. 1106 Newburgh 10. 1157 Rhinebeck 20. 1257 Canajoharie 20. 1334 Hamilton 5 * 8850 Highland Falls 20. *12992 Ardsley 10. NORTH CAROLINA 5055 Charlotte 5 7554 Louisburg * 8160 Greenville 5 * 8571 West Jefferson 20. * 10629 Mount Olive .. 10. 12259 Leaksville 5 NORTH DAKOTA * 6985 Hunter 10. 11378 Napoleon 10. 13385 Valley City 20. OHIO 4164 Marietta 10. 4661 Defiance 20. 5218 Napoleon 20. 5414 Woodsfield 5 6632 Oak Harbor 20. *11343 Pandora 20. 13596 New Lexington 10. 14105 Springfield 5 OKLAHOMA 9954 Kingfisher 5 * 10381 Colbert 10. 13021 Madill 10. OREGON * 8554 Forest Grove 5 * 9127 Lebanon 10. * 10071 Monmouth 20. * 10218 Junction City 20. * 12613 Portland 5 PENNSYLVANIA 42 Strassburg 20. 3144 Susquehanna ... 10. 4428 Darby 20. 4505 Dushore 20. 4673 Dawson 10. 4915 Athens 10. * 5265 Wilkinsburg .. 20. * 5729 Natrona 10. * 5956 Monessen 20. * 6528 Masontown 20. * 6573 South Fork 20. 6580 New Alexandria 10. * 6664 Wampum 10. * 6799 Shingle House .. .5. 6946 Shippensburg .. 10. 7156 Millerstown 20. 7559 McKeesport 20. * 7816 Vandergrift 20. * 7854 Avella 10. 8165 Youngsville 20. 8498 Wellsville 20. * 9507 Seven Valleys 10. * 9534 Albion 10. * 9769 Rockwood 20. * 10493 Russellton 20. 11015 New Hope 5 * 11413 Hooversville .. 10. 12911 Newfoundland 20. 13325 Philadelphia .. 10. 13432 Ligonier 5 14079 Olyphant 10. SOUTH CAROLINA 10536 Conway 20. TENNESSEE 3107 Tullahoma 10. 3341 Athens 20. 4849 Columbia 10. 5545 Gallatin 20. 11985 Hohenwald 10. 13635 Johnson City 20. TEXAS 2767 San Angelo 5 3125 Waco 100 . * 3212 Waxahachie 10. 3533 Ballinger 10. 4097 Gatesville 10. 4306 Big Spring 20. * 4474 Haskell 5 4866 Beeville 20. 4990 Terrell 10. * 5491 Lockhart 50. * 5636 New Boston 5 5749 Itaska 10. 5765 Hondo 20. * 5897 Graham 5 * 6356 Madisonville 10. * 6915 Whitewright 10. 6989 Pearsall 5 * 7481 Merkel 10. 8581 Greenville 10. 10320 Poth 20. 12235 Corpus Christi .5. 12745 Grand Saline 20. 13676 Wichita Falls .... 10. VERMONT 2422 Fair Haven 20. 4929 Chelsea 10. * 14234 Poultney 5 VIRGINIA 1985 Danville 5 4503 Covington 5 5394 Culpeper 10. * 8688 Emporia 20. 11265 Saltville 20. 11797 Flint Hill 20. * 12290 Fries 5 13502 Gate City 10. WASHINGTON 4699 Pullman 5 WEST VIRGINIA * 1607 Weston 10. 2649 Parkersburg 10. 6020 Cameron 20. * 10450 Worthington 10. 10762 Ripley 20. 11049 Mount Hope 20. 11109 Bluefield 20. * 11340 South Charleston 5 10. * 12839 Matoaka 10. WISCONSIN 3607 Ashland 50. 8529 Viroqua 10. 13904 Princeton 5 (*) Indicates first note to surface from the charter. Note-Earlier, Charter 3107 Tullahoma, Tennessee and Charter 8165, Youngsville, Pennsylvania, surfaced and were duly de- leted from the Unreported Charter Table at the time. How- ever, their listing as being reported was omitted by the type- setter and they now appear in Supplement XII as a matter of record (sans asterisk). THE COLLABORATORS Our thanks and appreciation to the Society members listed below who graciously participated in the preparation of Supplement XII and the accompanying Updated Charter Table in the eratifying endeavour of searching out notes of the 1929-1935 National Bank Issues: Samuel L. Adkins, Craig Bittner, Charles A. Dean, Donald Fisher, Wm. K. Fulkerson, Warren Henderson, Alan R. Hoffman, Curtis Iversen, Lyn C. Knight, Arthur C. Leister, F. C. Lucas, Ken McDannel, James M. Millard, David W. Moore, Dean Oakes, Gary W. Potter, Robert Rozycki, Fred Sweeney, Leon Thornton, Edmund J. Yahn, J. S. Apelman, Amon G. Carter, Jr., Thomas Denly, Dennis J. Forgue, Lawrence Goldberg, John T. Hickman, Ronald Horstman, Arthur Kagin, Donald R. Kolbe, Frank Levitan, Donald Lynch, Maurice M. Melamed, Allen Mincho, Gary F. Morrow, Dean H. Petersen, Raymond C. Remick, Milton M. Sloan, Jerry Terry, Fred Verzeles, Libro Zampiere, Hunkel Bailey, Larry Cowart, Geraldine Eddy, John F. Foster, James A. Greene, George Hnott- svanee, Albert Hurry, Don C. Kelly, Gary Kruesel, Robson Lowe, Donald Mark, Steve Michaels, Richard Montford, Frank Nowak, Robert V. Polito, Michael Robelin, Frank M. Sterling, James W. Thompson, Louis Van Belkum, Fred Zinknan. PUBLICATIONS CONSULTED The Bankers Register, Kountze Brothers, New York City, N.Y. National Banks Of The Note Issuing Period, 1863-1935, Louis Van Belkum. Standard Catalogue of National Bank Notes, John T. Hickman and Dean Oakes. P41 MIST NATIONAL BANK Of CV NIO' ISLLY RECENTLY SURFACED CHARTERS ,75,2,4 THE f<'111 n!' VITSAWAIII:1114 TATA', NI till ./.4fAirso; v+It:to f ORN • TEN 1)7 )1d1«9. Pit TO,Ki NATIONAL BANK ti • I I le\ A CV CO ' tart)•i s_ttt f €000121,ATOO MKT NATIONAL BANK NORRIS CITY • Ti.N 11001.10061ti €0001244 ymmtwilM:17. 1741115%.1113::P-SJUM itlE i YEN FNLIS NiTIONAL UNA TWIN FALLS it.Pate. FIVE 11OLL111S 0Q0628A THE FONT NATIONAL EAIs OF NATI.3 01 EC);\ NORTH ■al um TEN 1,4 MEWS "000048A MAW. tq Page 54 Paper Money Whole No. 104 SALUTARE . . A Noteworthy Achievement At last, a breakthrough answering many questions and suppositions that have lingered in the minds of collectors relating to establishing of National Banks and the factual data pertaining to the type and quantities of notes they issued is now available in the recent publication en- titled Standard Catalog of National Bank Notes authored by John T. Hickman and Dean Oakes. This authoritative referenced compendium is a valued adjunct to researchers and col- lectors of the National Bank Note Issues. Picturesque "Ardsley -On-The-Hudson" located in the Sleepy Lerna, a town of 500, issued only $24,540 worth of $10 and $20 Hollow area of New York State. Notes issued $5, 20, 20, Type-2. notes. The above note is the first to be reported. Courtesy Pete Courtesy Frank Levitan. Fulkerson. The bank folded in 1930, the year this note was issued. 52 years later Est. in 1918, liquidated in 1931. Issued $5, 10, 20 Type-I notes. The $5 both the $5 and $10 notes surfaced together. Courtesy Pete Fulkerson. denomination was the last to surface. Courtesy Richard Montford. This bank was established in 1919 and supported by a population of Est. in 1909 and liquidated in 1934 and succeeded by Charter 13871. only 1000. It issued $5, 10, 20 in both Type-I and Type-2. Courtesy Issued $10, 20 in both Type-I and Type-II notes. Courtesy J.S. Allen & Penny Nlincho. Apelman. This bank was established in 1900 and liquidated in 1930, the year it issued $10, 20 Type-1 notes. The above note surfaced 52 years later. Courtesy J.S. Apelman. Est. 1865, receivership in 1931. Returned to solvency and voluntary liquidation in 1932. The hank issued 55, 10, 20 Type-I notes. Courtesy James W. Thompson. 55Paper Money Whole No. 104 Up date ludividual Satifinial Basks States Charters By *loose Sotes Of NV 19/9-1935 issuing, Rertvaio Vorepovted by N1 Woo wars, G The latest status of the Reported and Unreported Bank Char- ters issuing the small-size Nationals is as follows: (a) total number Bank Charters by states issuing the 1929-1935 National Bank Notes 6996 (b) Bank Charters reported whose notes have surfaced and been reported since the 1970 SPMC publication first listed them and were later reported in the 12 subsequent Supplements in Paper Money since then 6422 (c) the remaining Bank Charters by states whose notes have yet to surface and be recorded 574 With the surfacing of 74 charters listed in the accompanying Supplement XII, the number of reported Charters has now reached 6422 out of the 6996 total number of Bank Charters issuing notes of the 1929-1935 National Bank Note series. We are delighted with the continued steady progress made in this study. The reporting of Delaware Charter 3885 and Mis- sissippi Charter 13553 brings the total number of states hav- ing all of their Charters reported to 10. Four states and the District of Columbia are closing in on the plateau of having all of their charters reported, i.e. States needing I Charter: CONNECTICUT - Charter 3914 - Stafford Springs - issued $5,10,20 notes DIST. OF COL. - Charter 10316 - Washington - issued $5,10,20 notes IDAHO - Charter 7526 - Preston - issued $10,20 notes States needing 1 Charters: FLORIDA - Charter 7757 - Jaspar - issued $10,20 notes FLORIDA - Charter 12100 - Winter Haven - issued $5,10 notes States needing 3 Charters: LOUISIANA - Charter 10544 - Minden - issued $5,10,20 notes LOUISIANA - Charter 11521 - Shreveport - issued $10,20 notes LOUISIANA - Charter 14225 - Delhi - issued $10,20 notes Lest we forget . . . AMON G. CARTER, JR. SPMC 320 Of the several classes of currencies issued by the U.S. Treasury Department since 1861, none held a greater fascina- tion for Amon than the National Bank Note issues he avidly pursued with determination and pride. He assembled a not- able collection of these notes, many being unique: the only known Maui, Lahaina National Bank Note; the only Brown Back note from the State of Nevada,.The First National Bank of Winnemucca, to mention a few. Among his most cherished was the $500 note from The First National Bank of New York City Charter 29. Amon graciously shared the likes of the note with awed collectors who fortunately stopped by his bourse table during conventions. Amon always gave his time and consideration where the collector was concerned. His Lahaina note appeared in Paper Money twice and the Win- nemucca note appeared in The Nevada Sixteen National Banks And Their Mining Camps publication. Over the years Amon had been an active participant in the ongoing 1929-1935 National Bank Notes study. He reported with regularity newly surfaced notes for inclusion in the continuing Supplements. The writer is reminded of Page 56 Paper Money Whole No. 104 REVISED RECAPITULATION OF THE NUMBER OF BANKS ISSUING 1929-1935 CURRENCY WHOSE NOTES REMAIN UNREPORTED States Territories District Banks Issuing Notes Banks That Have Been Reported Banks That Remain Unreported Unreported Notes By Charter Number of Issuing Bank. Alabama 107 96 - 90 070 11 - 10% 7451, 7687, 7991, 7992, 8028, 8910, 9055, 9927, 10102, 10307, 11259 . Alaska (Terr.) 3 3 - 100% none Notes from all banks reported. Arizona 11 11 - 100% none Notes from all banks reported. Arkansas 69 60 - 87 1,70 9 - 13% 5849, 7789, 9633, 10422, 10459, 10486, 10768, 12238, 12296. California 172 154 - 90 070 18 - 10% 8063, 10184, 10200, 10301, 10309, 10412, 11041, 11123, 11330, 11433, 11566, 11867, 12061, 12271, 12328, 12454, 12624, 14202. Colorado 93 86 - 92 07o 7 - 8 07o 5976, 6454, 6772, 7228, 7533, 7704, 11949. Connecticut 57 56 - 98% 2% 3914 Delaware 16 16 - 100°7o none Notes from all banks reported. District Columbia 11 10 - 91 07o 1 - 9% 10316. Florida 54 52 - 96% 2 - 4% 7757, 12100. Georgia 79 69 - 87% 10 - 13% 5264, 6002, 6082, 8314, 8848, 9088, 10333; 11290, 12317, 12404. Hawaii (Terr.) 1 1 - 100 07o none Notes from 3 bank titles reported. Idaho 28 27 - 96 07o 1 - 4% 7526. Illinois 469 441 - 94 070 28 - 6% 385, 903, 1428, 1837, 1870, 1907, 3579, 4958, 4967, 5086, 5149, 5285, 6740, 7443, 8155, 8374, 9435, 10045, 10132, 10397, 11333, 11934, 12386, 12873, 13666, 13673, 13709, 13993. Indiana 224 206 - 92 070 18 - 8°7o 2747, 3338, 4685, 4688, 5476, 5558, 6354, 6765, 7354, 7491, 8351, 8804, 8912, 9279, 10616, 12028, 12780, 14075. Iowa 249 238 - 96% 11 - 4% 2961, 4795, 5585, 6852, 7357, 8057, 8099, 9447, 9549, 9821, 14309. Kansas 212 208 - 98% 4 - 2% 3134, 8974, 9136, 11177. Kentucky 141 132 - 94 070 9 - 6 070 2576, 4819, 7254, 8903, 11890, 12202, 13906, 14026, 14076. Louisiana 38 35 - 92% 3 - 8% 10544, 11521, 14225. Maine 58 49 - 84 070 9 - 16% 1315, 1956, 2642, 6190, 7835, 9609, 10628, 13843, 14224. Maryland 91 82 - 90°70 9 - 10°70 1236, 3205, 4364, 6202, 8799, 8860, 8867, 12443, 13798. Massachusetts 145 136 - 94°70 9 - 6°7o 684, 1386, 2288, 2312, 3073, 4488, 11868, 14033, 14266. Michigan 145 136 - 94°70 9 - 6°7o 3211, 8723, 9509, 10631, 12084, 12661, 12793, 13929, 14144. Minnesota 248 241 - 97% 7 - 3% 3155, 6366, 6519, 6584, 6795, 6933, 10507. Mississippi 34 34 - 100°7o none Notes from all banks reported. Missouri 119 115 - 97% 4 - 3% 6343, 6885, 8916, 10367. Montana 44 41 - 93% 3 - 7% 3605, 10715, 10939. Nebraska 152 148 - 97 070 4 - 3% 5337, 7622, 8797, 9665. Nevada 10 10 - 100 07o none Notes from all banks reported. New Hampshire 58 55 - 95 070 3 - 5°70 1688, 5317, 13861. New Jersey 257 236 - 92 07o 21 - 8 ,70 2083, 4274, 5403, 5730, 6179, 7364, 8501, 8582, 8661, 8681, 8829, 9061, 9661, 10036, 10430, 12606, 12829, 12903, 14088, 14153, 14305. New Mexico 23 23 - 100% none Notes from all banks reported. New York 522 457 - 88% 65 - 12°70 266, 292, 295, 296, 981, 1298, 2463, 2869, 3171, 3193, 3232, 3245, 3333, 4416, 4482, 4985, 4998, 5037, 5336, 5746, 5851, 5867, 5936, 6087, 6386, 7233, 7483, 7588, 7763, 7840, 8334, 8343, 8388, 8717, 8793, 8872, 9326, 9427, 9644, 10016, 10109, 10216, Paper Money Whole No. 104 Page 57 10374, 10623, 10930, 11518, 11739, 11953, 11956, 12018, 12294, 12398, 12874, 13089, 13229, 13246, 13289, 13365, 13889, 13909, 13911, 13945, 13959, 13906. North Carolina 63 61 - 97% 2 - 3% 8649, 9044 North Dakota 111 90 - 81% 21 - 19% 2792, 6064, 6218, 6397, 6474, 6475, 6557, 6601, 6743, 7569, 7872, 7879, 8881, 9386, 9684, 10596, 10721, 10864, 11069, 11184, 11226. Ohio 336 324 - 96% 12 - 4% 5640, 6345, 6594, 6943, 7639, 8175, 9274, 9563, 9799, 9815, 10436, 11216. Oklahoma 214 194 - 91% 20 - 9070 5347, 5811, 5955, 6517, 6641, 7209, 8052, 8472, 8616, 8859, 9046, 9709, 9881, 9964, 9970, 10205, 10286, 10380, 11397, 14108. Oregon 79 67 - 85% 12 - 15% 3486, 3774, 5822, 8941, 9281, 10164, 10619, 10992, 11106, 11271, 13294, 14001. Pennsylvania 899 847 - 94% 52 - 6°70 522, 2562, 3498, 4092, 4222, 4818, 4927, 5848, 5878, 5920, 5974, 6281, 6350, 6442, 6603, 6615, 6709, 6878, 7367, 7400, 7405, 7488, 8092, 8238, 8960, 9128, 9149, 9416, 9513, 9554, 9783, 9996, 10211, 11115, 11127, 11393, 11643, 11789, 11892, 11966, 11981, 11993, 13868, 13871, 13908, 13999, 14049, 14112, 14121, 14169, 14181, 14182. Rhode Island 12 12 - 100 070 none Notes from all banks reported. South Carolina 42 32 - 76% 10 - 24 070 3809, 5064, 6385, 9296, 9876, 10129, 10263, 10586, 10679, 11499. South Dakota 75 68 - 91% 7 - 9 070 2068, 6561, 8698, 8776, 11457, 11590, 11689. Tennessee 105 100 - 95 070 5 - 5% 2593, 10181, 10192, 10449, 12319. Texas 510 403 - 79 070 107 - 21% 2729, 2867, 3260, 3261, 3346, 3644, 3859, 3973, 4289, 4368, 4410, 4438, 4684, 4785, 5109, 5190, 5324, 5475, 5589, 5670, 5680, 5710, 5737, 5759, 5932, 5938, 6214, 6361, 6376, 6400, 6461, 6551, 6780, 6812, 6896, 6986, 7096, 7106, 7140, 7378, 7524, 7572, 7775, 7807, 7906, 8008, 8103, 8156, 8200, 8204, 8249, 8515, 8522, 8575, 8583, 8597, 8690, 8742, 8769, 8770, 8816, 8817, 9053, 9625, 9810, 9812, 9845, 9848, 9989, 10189, 10299, 10241, 10323, 10403, 10472, 10624, 10638, 10657, 10678, 10703, 10927, 11021, 11163, 11591, 11642, 12371, 12687, 12700, 12741, 12789, 12855, 12919, 13555, 13562, 13649, 13653, 13661, 13667, 13669, 13678, 13984, 14027, 14072, 14090, 14126, 14273, 14302. Utah 17 17 - 100 070 none Notes from all banks reported. Vermont 48 44 - 92 070 4 - 8 070 6252, 7614, 13261, 13800. Virginia 151 139 - 92 070 12 - 8 070 7208, 7782, 8003, 9890, 10611, 10658, 11533, 11978, 12092, 12240, 12267, 13878. Washington 84 76 - 90 070 8 - 10°70 3862, 8639, 9576, 10407, 11416, 11672, 13057, 14166. West Virginia 130 114 - 88 070 16 - 12 ,70 6170, 6226, 7246, 7672, 8333, 8360, 8434, 8998, 9048, 9523, 10392, 10759, 11268, 11502, 13505, 13783. Wisconsin 157 147 - 94% 10 - 6% 7264, 7470, 8118, 10522, 10667, 10791, 11083, 11114, 13932, 14095. PIE ri31 NOWINAL !AIR Of NIADJSUNN, II if TrNAS TEN 1)11/1.11-tliS F 0002•10A E000270A FL NN 11111 1Vit1(,111' THE tesT WWI ME Of SOUTH CHARLESTON 11M1.1.110.4 F 0 0 () 11 TO MMOAIU ' MAIMAL SHIM 'hi ATO:A-KA FOG0002 A ViROINIA 1 ►o►.I.Aus F Q. 090111 Page 58 Wyoming Totals to date Paper Money Whole No. 104 23 23 - 100% none Notes from all banks reported. 6996 6422 - 91.9% 574 - 8.1% Note — Recently surfaced Charters indicated in the accompanying Supplement XII by an asterisk (") have been deleted from this up -dated Charter Table. Supplement XI when Amon supplied 12 of the 35 Texas notes reported as surfaced. Barely three weeks before Amon's un- timely passing he reported the following notes: OKLAHOMA - The First National Bank of Colbert, charter 10381. OREGON - Forest Grove National Bank of Forest Grove, charter 8554. - The First National Bank of Madisonville, charter 6356. - The Planters National Bank of Whitewright, charter 6915. (Notes from five of the banks listed above came from heretofore unreported charters and are so indicated by the asterisk placed at the left of the charter number in the accompanying Supplement XII appearing in this issue of Paper Money.) TEXAS - The Haskell National Bank of Haskell, charter 4474. Courtesy Amon Carter, Jr. Courtesy .4mon Carter, Jr. COLLABORATORS IN THE PREPARATION OF THIS TABLE J.S. Apelman George Hnottavange Ken McDannel Bob Rozycki Hunkel Bailey Albert Hurry Steve Michaels Frank M. Sterling Craig Bittner Curtis Iverson Jim Millard Fred Sweeney Amon G. Carter Jr. Harry E. Jones Allen & Penny Mincho James W. Thompson Charles A. Dean Don C. Kelly Richard Montford Leon Thornton Thomas Denly Lyn F. Knight Gary E. Morrow Frank Trask John F. Foster David R. Kolbe Dean Oakes Fred Verzelles W.K. Fulkerson Frank Levitan Gary W. Potter Libero Zampiere James A. Greene Donald Lynch Raymond C. Remick John T. Hickman Donald Mark Michael Robelin NEWLY SURFACED CHARTERS OF UNUSUAL INTEREST The First National Bank of South Charleston, W.Va. Charter 11340 This interesting note has the city name set in 9-point Gothic, a type style not commonly employed for that purpose. Those titles set in Gothic are considered to be scarce. The bank issued $5 and $10 notes in both Type-1 and Type-2. We are indebted to James W. Thompson for this illustration. The Matoaka National Bank of Matoaka, W.Va. Charter 12839 It took 50 years for a note to surface from this bank, and a "No. 1" at that. Matoaka's latest population stands at 608. The hank was established in 1925 and was liquidated in June of 1932. Issued Type-1 $10 and $20 notes. Illustration courtesy of James W. Thompson. IRE TANNERS 4°::". NATIONAL BANK OF W(M3URN MASSACHUSETTS R., TO frit ,, ,i111.:14 itIVE:1/1" 1,4 PILIAltS E000106A fliE NATIONAL BANK OF N %POL, ;ON 04110 • m,kaco c■ vry TE SUR VA1150 ° NATIONAL BEM SEVEN V:StItSti ■($4,54,An, l'EN 111401.1.$.14,4 11:22=EM2rEilaMINNNI,TIN TNE FIRST NATIONAL DANK OF SOUTH FORK MNM115,Vilti10. w■tl 944 70140 TWENTY Di ILLAES Paper Money Whole No. 104 Page 59 The Tanners National Bank of Woburn, Ma. Charter 11067 This unusual titled bank was established in 1917 with a capital of $100,000. After being placed in conservatorship in 1933, the bank finally liquidated on April 17, 1934 and was succeeded by Tanners National Bank (sans THE) of Woburn, Ma., Charter 14033. Under the first title the bank issued only one denomination, 1758 - $20 Type-1 notes worth $35,160; under the second Charter, 14033, it also issued but one denomination, 2516 - $5 Type-2 notes worth $12,580, none of which have surfaced to be reported. Photo courtesy of Frank Trask. LATE, BUT NOT ALTOGETHER TOO LATE! The First National Bank of Napoleon, Oh. Charter 5218 The First National Bank of Napleon, Ohio was established in 1899 with a capital of $50,000. M.E. Loose was president; W.W. Campbell, vice-president; and George P. Lutz, cashier. The small-size issue consisted of $5, 10, 20 type-1 notes. After an earlier liquida- tion the bank finally went into receivership on April 11, 1934. Photo courtesy of Ken McDannel. (In my youth it was a treat to spend summers with my Grandmother at Napoleon on the Maumee, M.O.W.) The First National of Seven Valleys, Pa. Charter 9507 Another rare note surfaces from Pennsylvania. The town of Seven Valleys has a population of less than 750 and is located 25 miles south of York. The bank issued $10 and $20 notes in both Type-I and Type-2. Photo courtesy Fred Verzeiles. The First National Bank of South Fork, Pa. Charter 6573 The illustration for this note was sent in by Hunkel Bailey. With the bank title being synonymous with the much publicized TV series "Dallas", the note becomes a conversational piece. The bank issued $5, 10, 20 Type-I and Type-2 notes. Page 60 Paper Money Whole No. 104 Till Eulenspiegel and Notgeld By DWIGHT MUSSER D IFFICUL TIES are certain to arise when folk heroes orfolk tale subjects are subjected to the scrutiny ofhistorical research. In the United States, for example, where would one begin collecting the ,facts about Paul Bunyan? Or what archives contain the documentary evidence necessary for a scholarly inquiry into the real "Jack" of the "bean tree" and other American folk tales relished for gener- ations around Southern Appalachian firesides? Credible evi- dence about the real Till Eulenspiegel is equally sparse. Even so, Eulenspiegel (Owl-glass in English) has been real to count- less Germans of all ages who have not ceased to derive pleasure from the repeated tellings of his merry pranks. Said to have been born at Kneitlingen, Brunswick, the peasant trickster has been the subject of both folk tales and numerous literary works. The first printed references ap- peared about 1500 in one or more of the Low German dia- lects. The earliest known High German text, Ein kurtzweilig lesen von Dyl Ulenspiegel (An Amusing Book about Till Eulenspiegel), came from Antwerp in 1515. The British Museum in London has the only known copy. Some sources refer to an old Volksbuch attributed to Thomas Murner (1476-1530) that features the vagabond hero. Another view is that Murner may have only translated the tales into High German from older accounts. In any event, Till was alleged to have been born in 1283 and to have died of the plague at Moelln near Lubeck, Schleswig-Holstein about 1350. Since the 16th century his gravestone, with an owl and a mirror engraved on it, has been pointed out to the credulous. The Low German texts, or parts of them, came by trans- lation into Dutch and English about 1520, French in 1532, and Latin in 1588. A later English version, about 1560, opened with "Here beginneth a merye Jest of a man that was called Howleglas." A more modern version, The Marvellous Adventures of Master Tyll Owlglass, by Kenneth R. H. Mackenzie, was published in 1869. Eulenspiegel themes have been reworked into musical and literary works over a period of many years. Richard Strauss composed a symphonic poem, Till Eulenspiegels lustige Streiche, (Till Eulenspiegel's Merry Pranks) as opus 28, 1894, which was recorded by the Vienna Philharmonic Orchestra under Strauss's direction. Till, an epic poem by Gerhard Hauptman, appeared in 1928. Other sig- nificant literary works with Eulenspiegel as the subject were produced by Hans Sachs (1553), Johann Fischart (1572), Johann Nestroy (1845), Frank Wedekins (1916) and Charles de Coster (1868). The source of the name Eulenspiegel (owl's glass or owl's mirror) is an old German proverb: "Man is as little conscious of his own faults as an ape or an owl, looking into a mirror, is conscious of his ugliness." The jacket of the Strauss recording has this interesting account: "Till's exploits, the stories of which are household tales in Germany, consisted of horseplay and jests that he practiced without discrimination, and, in some instances, with a frank and joyous lack of seemliness which would not bear unexpurgated narration. In Murner's book, Till is sen- tenced to the gallows, but escapes at the last moment. Strauss, however, does not let the rogue off, but despatches him on the scaffold." In the folk tales, Till's jests and practical jokes generally depend on a pun and tend to be farcical. Although they have a serious theme, the pranks are often brutal and sometimes obscene. Just as Jack in the American folk tales outsmarts the giants as well as his "betters" and the unscrupulous, Till's appeal is that of the individual getting back at a society in which the common folk are held in low esteem, if not con- tempt. As Britannica has it, "The stupid yet cunning peasant demonstrates his superiority to the narrow, dishonest, con- descending townsman, as well as the clergy and nobility." At least four different German towns chose Eulenspiegel as the subject for notgeld or emergency paper money shortly after World War 1. The most elaborate set of notes, issued by Kneitlingen in 1921, consists of 12 different scenes from the life and tales of the merry prankster. While perhaps puzzling to many who might view the notes, the scenes would be rec- ognized instantly by almost any German and certainly by all of the residents of Kneitlingen. As is the case with many other notgeld, the text on one Eulenspiegel note is difficult to translate since it is printed in an obscure dialect rather than the usual German tongue of the Empire. David Block's observation on this and on the sig- nificance of Eulenspiegel is worth consideration: "As you are aware, local dialects on so many series notes reflect the frag- mentation by war of the German state, and with a consequent emphasis on local pride to replace the lost pride in the nation. The glorification of the past, and particularly of Eulen- spiegel, resulted from disgust with the leaders and classes who betrayed the people into their humiliation. A parallel may be drawn between Till Eulenspiegel and Robin Hood." Far from being merely colorful and ephemeral "money substitutes," a closer look into the German notgeld can lead one down winding historical trails as well as into the trackless depths of the human psyche. German Notgeld with References to Till Eulenspiegel Braunschweig S 119a 1 May 1921 10-25-50-75 Pfg. Moelln S 714 31 Dec 1921 25-50-100 Pfg. Kneitlingen S 559a I Jul 1921 4x50 4x75 Pfg. 4x1 Mk. (heavy paper) Kneitlingen S 559b same as above but printed on light paper. Oslerwieck S 838 1 Jan 1921 50 Pfg. (one of a set of three) Moelln V 1406a 31 Dec 1921 50 Pfg. Moelln V 1406b 31 Dec 1921 50 Pfg. 015imeilm aft, 4enlY1079 Pa Moelln 1406h-31 Dec. 1921—front. Otitid)cin oar Zhu)! u y. tbg. 1 apiegel icbte 3u era mclOcc Zeu6t n crt laorsq man ibn begrubcn hat. Orr Mopirtrut Oss ". fit-- / Paper Money Whole No. 104 Page 61 Typical back of the Braunschweig notes. May 1921. Moelln-1406b—back. Page 62 Paper Money Whole No. 104 Kneltlingen—selections from S559a & b—July 1921. ,)i26t1[ 6Vin OM Or. 8 alhivifiOolt &OM ftip N1011 M11 ONII ff$PIPP1031. Der 111apiftrat: Dar etaatveraranetentoUrgam ARNOW° ,Pirama wnita24,kryra Ni mi 41 ,ra nee And e.or loetym Tow -111 NRIMIIMIIIIM NM MIN -'02Peggyte egn- 4‘-41.4t. 4411114a tkirtlikileilliglisl" m kkedi P19)1,- Wii.0424411 ,1Pti tall& 1921 4- gt--4.e--em- Sr,.i 2 b Kneitlingen—typical back with owl motif, Moelln—S714-3I Dec. 1921—front. A4oelln—S714—back. Paper Money Whole No. 104 Page 63 Acknowledgements: Encyclopedia Britannica; record jacket by Ever- est Records; correspondence with David Block and Herman Krause. Notgeld compiled and illustrated from collection of writer. The Jack Tales, edited by Richard Chase, published by Houghton Mifflin Company, The Riverside Press, Cambridge, 1960. (The Jack tales of American folklore have parallels in the British Isles, northern Europe and the West Indies. While no specific parallels between the Jack and Eulenspiegel tales have been pointed out, they are of the same unaccountably wise "peas- ant trickster" genre with similar cultural roots springing from the same geographical area.) 1983 MidAmerica Show at Milwaukee Milwaukee will again play host to the MidAmerica Coin Show at the MECCA Convention Center July 29-31, 1983. MECCA is Wisconsin's largest convention center and will be the site of the 1984 Central States Numismatic Society Convention. It is conveniently located one block from a freeway exit and is within five blocks of 13,000 off-street parking spaces. Last year's MidAmerica Show, with a 165-table bourse, was the largest locally sponsored coin show ever held in the state of Wis- consin and featured a number of free educational programs about different aspects of coin and currency collecting, as will the 1983 MidAmerica Show. Special discount room rates of $30 single or $35 double will be available at the Marc Plaza Hotel, located a block from MECCA. The Hyatt-Regency, directly across the street from MECCA and con- nected to the convention center by an enclosed skywalk, will offer a special rate of $48 single or double. These discounted rates will be available to all collectors and dealers attending the MidAmerica Show and requesting the special rate at the time they place their res- ervation. According to Kevin Foley, Bourse Chairman for the Mid- America Show, "Our 1982 show in Milwaukee was one of the best attended coin shows in the entire country last year and both dealer and collector interest in the 1983 show has been exceptional. The Milwaukee numismatic community was pleased to see many of the bigger dealers here last year, and judging from the enthusiastic response of the dealers in signing up for the 1983 show, I'm antici- pating yet another outstanding show in Milwaukee." Dealers interested in bourse space at the July 29-31 MidAmerica Coin Show should contact Bourse Chairman Kevin Foley at P.O. Box 589, Milwaukee, Wisconsin 53201, or by calling (414) 282-2388. Page 64 Paper Money Whole No. 104 Plate Numbers and Check Numbers by ROBERT H. LLOYD U KITED States currency differs from many note issuesaround the world by carrying on each note a small,nearly microscopic number indicating the plate from which it was printed. It is usually placed adjacent to a letter that shows the position of that particular note design in the full plate. Many foreign issues carry no such designations. Some years ago the writer examined a sheet of 45 African notes in the plant of Bradbury, Wilkinson & Co., New Malden, Surrey, England. There was no visible way to deter- mine the position of any single note in the sheet once it was separated from the others. Canada seems to be used to our practice also, placing the number in the field, close to the frame design, or in a corner. Early printers in New York or Montreal shared ideas easily. The Treasury and the Bureau of Engraving and Printing refer to these numbers as "check numbers". Chuck O'Don- nell uses this terminology in his book, Standard Catalog of Modern U.S. Paper Money.' Well and good. On postage stamps, the term "plate number" seems to have been widely accepted. We will not argue the point, as we can live with check numbers just as well, especially since the letters of posi- tion are called "check letters". Our first notes from the Civil War period often carry a "series" number which partly represents the rotation of the plates assigned to each design. By 1869, the "series" was a definite year-date for the design of the artist. Early check numbers were large and placed near, but not too close to the check letter, as well as in the space between some of the notes in the sheet, often showing when not trimmed off. Over the years, the Bureau of Engraving and Printing has varied its policy in the use of check numbers. From 1869 into the early '80s, the plates were numbered consecutively for each denomination. Later, the numbers were assigned to plates progressively, regardless of the denomination. This is illustrated by the 1880 $100 note (U.S.N.), Friedberg No. 178, shown on the cover of a recent auction catalog, with check number 2202 showing plainly in the enlargement. Ex- cept in the production of the old large National Bank Notes, the Bureau has probably not made 2200 plates for "century" notes since the beginning! To further illustrate, as a young collector in the 1920s, I was intrigued with the four-digit check number on an 1886 $2 Silver Certificate, Fr. # 242, Rosecrans and Hyatt.' I then thought that they had printed a great many "deuces". Not so! The plates were given numbers as made, with no heed be- ing paid to the type of currency or the denomination. The very next check number may have been given to a plate of ONEs, or TENs. I was later to learn that the TWOs of these years were not much more numerous than in later years, as the serials rarely reached well into eight digits. With the series 1891 Certificates, the check numbers again reflect the sequence of denominational plates, as the bills of this period show steadily mounting plate numbers by DENOMINATION and type. Only in this century did the TWOs gain three digits in their check numbers, while the ONEs were being numbered in thousands. A recent article in Paper Money by the Reverend Frank Hutchins shows that the check number can appear beside, below, above or remote from the check letter.' It is little things like this that make the collecting of U.S. government notes a very interesting field of collecting, with plenty of opportunities for going into sidelines. For some reason the Bureau moved the locations of the back check numbers after 1920. Mr. Hutchins was good enough to include this information in his report. Some of us "Oldsters" noticed this start-over at the time, but it went unreported as there were very few note collectors in those days. The author still has his original memoranda on this, compiled when he might better have concentrated on his col- lege studies. The change affected all of the lower denomina- tions in print, except National Bank and Federal Reserve cur- rency. Today, our Series 1981 has again shown a "start-over" in back check numbers, supposedly to record a shallower engraving of the plates. It has been known for some time that check numbers are assigned to plates, as each is finished by the engravers, separate numbering systems being used for currency, stamps or other products. The plates for the postage stamps have been faithfully reported for years in The Bureau Specialist and its successor, The U.S. Specialist. It is also known that when new plates appear, old plates are not necessarily cancelled. Thus, in stamps we have some very interesting reversions in plate numbers. Witness the interspersing of plate numbers on 1932 three-cent stamps, where there is a great mixing of numbers between the incoming 30 Stuart Washington, the outgoing 3(r Bicentennial and the outgoing Lincoln design.' One of the earliest reversions in currency came in 1913 when Silver Certificate ONEs, Napier-Thompson, block D-D, were discontinued after a short run. The previous issue of Napier-McClung plates were then made with higher plate numbers, as found in blocks E-E and H-H. 5 Studies of interspersed check numbers were pioneered by Bob McCurdy in Paper Money issue No. 35. The late Mr. Roland Carrothers gave us a very intensive study of these numbers on Federal Reserve Notes, $1, Series 1963-A and 1963-B. 6 The writer reported in Paper Money September, 1971, page 102, the check numbers illustrated herewith on Series 1969 and 1969-A. The illustration shows how the numbers assigned to the plates resulted in the outgoing series being mixed with the new- ly designated issue. Thus, completed plates are sent to the finishing area without check numbers, which are then assigned without regard to the series label. As with postage stamps, not all plates assigned numbers are sent to press. Some plates are sparingly used (to the delight of stamp collectors), while others see a long life, often re- turned to late use after being laid aside for many months. In currency, the best example of "lightly used" would be the rare Atlanta note, Friedberg No. 1954f. Nine plates were put to press, according to Mr. Alvin W. Hall.' Yet the entire produc- tion was small, and these plates went to the scrap pile while still usable, as they carried the famous clause "Redeemable in Gold," etc. Like those of the Treasury, some records of the Bureau are either incomplete or slightly inaccurate. Plates listed as "not used" have been on rare occasions represented on cur- rency found in circulation. This is more likely to occur on issues from 1928 to 1934. Paper Money Whole No. 104 247 246 245 243 240 Many dealers and collectors attach little importance to check numbers or check letters. However, they tell a tale, and the discriminating note buyer will notice them. In stamps "late" plates are often scarce, having had short runs. In cur- rency this would not have much appeal, but the last plate, if established, would be more difficult than No. 1, which is wide- ly saved as it occurs on low serials when new issues appear. A sideline, not yet explored, would be examples of the earliest use of the eight-subject plates around 1920. Here for the first time the check letters ran beyond A B C D to E F G H. In National Bank currency, the first plate is often the only plate for a small bank with a short life. In the Series of 1902 $5 from larger institutions, one can try for separate plates, or very late plates, such as U V W X. A still later plate would be desig- nated AA BB CC DD, while the thirteenth plate for a very large bank would be check lettered A3 B3 C3 D 3 . A later plate in the TENs carries letters J-K-L-D, the last letter denoting a TWENTY, the common plate for most banks.' Page 65 So check numbers and check letters tell a story, the study of which will increase the knowledge and enjoyment of the hobby. REFERENCES I. O'Donnell, Chuck, The Standard Handbook of Modern U.S. Paper Money, 1977, p. xxvii. 2. Silver Certificate $2, 1886, Serial B13 055 1811, check # A1859, Author's collection 1930. 3. Paper Money, June 1981, p. 128. 4. Durland Standard Plate Number Catalog, Sterling Stamp Com- pany, Boston, 1981, pp. 74, 84, 86: Stamp Plates 20432-3 Lincoln 30, Scott #635 20878-20975 Stuart 30, Scott #720, 52 plates 20980-21009 Stuart 30, Scott 26 plates 21014-15 Bicentennial 30, #708 21018-19 Stuart 30, #720 21022-21025 Stuart 30, 21042-45 Bicentennial 3C, #708 21185-6 Lincoln 30, #635, the re-issue. 5. Silver Certificate, $1—Napier-McClung, Serial A5A, check A 7804 $1—Napier-Thompson, Serial D81D, check A 8606 $1—Napier-McClung, Serial Ell 941 501E, check A9251 Author's collection, the Gordon W. Mills collection. 6. Paper Money, May 1973, p. 74. 7. Coin Collectors Journal, New York, Jan. 1953, p. 14. 8. Nat. Bank Note Plates, 1902 Series FIVES: first plate A B C D. fourth plate M-N-O-P, seventh plate A A BB CC DD, thirteenth plate A3 B3 C3 D3. A TEN with the check letter "D" could be the lowest note in a plate of four notes. Some large banks were issued sheets with four TENs. Notable National Bank Note Catalog Published STANDARD CATALOG OF NATIONAL BANK NOTES. By John Hickman and Dean Oakes. 81/2" x 11" hardbound, 1216 pages. $75.00 postpaid from Krause Publications, 700 E. State Street, Iola, WI 54990. Conceived more than three years ago, and based on the invalu- able research effort of Louis Van Belkum, this catalog expresses two men's strong love for paper money. In addition to presenting the fruits of several summers spent poring over the Archives in Washing- ton, D.C., it incorporates another facet of National Bank Note re- search offered for the first time anywhere. John Hickman of West Des Moines, Iowa, the country's fore- most authority on Nationals, has accumulated photocopies of over 125,000 existing notes. He has filed these for ready access and has established a survival rate on every bank that ever issued a note. The basic Van Belkum manuscript has been entered into a sophisticated computer. From this data, the exact number of notes printed for every bank has been determined. Totals for each type of National Bank Note have been recorded for each state as well as for the nation. Every change of bank title has been carefully recorded and the notes issued under each have been listed. (Continued on Page 81) Page 66 Paper Money Whole No. 104 Homer Lee Bank Note Company Advertising Card Simulates Currency By BARBARA R. MUELLER, NLG AMOST attractive syngraphic sideline consists of thespecimen and advertising cards of bank note printers.Quite well known are the large, almost broadside sheets put out by the pioneer firms which eventually com- prised the American Bank Note Company. These sheets bear impressions of a wide variety of engraved vignettes from which prospective customers made selections for their notes and other security paper. Coming along later in the 19th cen- tury was an elaborate advertising card in the similitude of a piece of paper money of the period put out by the Homer Lee Bank Note Company of New York. The Homer Lee never was one of the top concerns in the field, so not much is known about it and its work. Perhaps the best source of information is a biography of a well-known bank note designer and one-time Chief of the Engraving Divi- sion of the Bureau of Engraving and Printing: The Life and Work of Thomas F. Morris 1852-1898 written by his son, T.F. Morris II, was serialized in The Essay-Proof Journal during 1966, 1967 and 1968, and privately printed in book form in 1968. According to the younger Morris, his father left Ameri- can Bank Note Company in 1887 after 19 years of service as a designer and joined Homer Lee as Superintendent of Design and Engraving, where he received an extra $600 a year salary. The Homer Lee plant was located on the first floor of the Tribune Building in downtown Manhattan. Morris worked there from 1888 to 1893. Evidently Homer Lee himself was a businessmen with diversified interests, of which the bank note company was but a minor one. However, one J.D. Messner of Short Hills, New Jersey, an aggressive young college graduate, managed the firm for him and was responsible for inducing Morris to join it. The grand plans of these two men were shattered by Messner's untimely death on February 21, 1888, just 49 days after Morris joined the team. Although Lee decided to carry on and even installed a litho steam press in 1889 to compete in the lower-priced field, the firm never ful- filled Morris' expectations. In September 1893, the Bureau of Engraving and Print- ing first approached Morris about possible employment, and on November 1st he was sworn into service there. Shortly thereafter Homer Lee merged with the Franklin Bank Note Company and the subsequent Franklin Lee Bank Note Com- pany was absorbed into the second "consolidation" of the American Bank Note Company in 1897. Paper Money Whole No. 104 Page 67 THE )N CITY HAL SC1 ANK NOTE COMPANY ARE, NEW YORK. Engravers and Printers — Of bonds, Share Certificates, for Railroads, Water, Electric Companies. Gas and ec engrave, this Company are accepted hr the New York Stock Exchange. Attention of Corporations not wishing to list their Securities is invited to our new Steeiograpin Securities. Designs and estimates furnished without cost. THE HOMER LEE BANK NOTE COMPANY, NEW YORK. Inscription on back of card. The aforementioned biography of Thomas F. Morris contains "a contemporary view of the Homer Lee Bank Note Company" from the October 1888 issue of a trade journal called Paper and Press. From it one learns that Homer Lee was a native of Mansfield, Ohio who was taught engraving by his father. After unsuccessfully seeking employment at the Cincinnati office of American Bank Note, he went to New York to work for a minor card engraver. When the latter failed, he went into business for himself. Indicative of the variety and type of work produced by Homer Lee are the items listed in Morris' diary for the first two months of his employment there: Stock certificates:—Colorado Central Consolidated Mining Co.; Seaboard National Bank; Cato Coal & Coke Co.; Fourteenth St. National Bank; Wheeling & Lake Erie. Bonds and coupons—Clearing House Association; Everett Coal & Iron Co.; Aetna Iron Works; "Chinese" bond; South Pennsylvania Rail Road; East Pennsylvania Rail Road; Interstate Rapid Transit. Fraternity certificate—Phi Delta Theta. Menu—Lincoln's birthday dinner. Letterhead—Crane Elevator Co. During his tenure, it is known that Morris designed notes for El Banco Mercantil de Yucatan, and he probably was re- sponsible for the considerable Homer Lee output for other Latin countries at the time—such as Colombia (Pick 385-388B, 404, 406-410); Honduras (Pick Al-8); Nicaragua (Pick 1-7); and Venezuela (Pick 3-6). In view of his artistic style, it may well be that he also designed the advertising card illustrated here. It was produced by a combination of intaglio (steel line) engraving and color lithography. The litho portions are printed in red and green tints. These include the words SPECIMEN at upper left and lower right, the circular device at lower right on which the counter 50 is superimposed, the underprinting beneath Homer Lee, and the lathework surrounding the female figure. On the back of the 41/2 x'8 inch card is the following in- scription as illustrated herein: "The Homer Lee Bank Note Company, City Hall Square, New York. Engravers and Print- ers of Bonds, Share Certificates, Etc., for Railroads, Water, Gas and Electric Companies. Securities engraved by this Company are accepted by the New York Stock Exchange. At- tention of Corporations not wishing to list their Securities is invited to our new Steelograph Securities. Designs and esti- mates furnished without cost. The Homer Lee Bank Note Company, New York." It raises the questions: Was "steelo- graph" the Homer Lee name for the combination of intaglio and lithography as seen on the front of the card? How many other printers, if any, used this process? Were patents in- volved? (An interesting line of investigation would be the study of Homer Lee security paper possibly printed by this method.) After ABNCo. acquired Franklin Lee, did it also use the process? Finally, Homer Lee printed U.S. postal notes of the first, second and third issues, as described in Nicholas Bruyer's study in PAPER MONEY in 1973-74, as listed below. The contract lasted from September 3, 1883 to September 3, 1887. Oddly enough, Morris redesigned the notes for American's bid to acquire the contract for the fourth issue just before he joined Homer Lee. The latter did not bid on that contract, which ABNCo. won. Collectors seeking a challenging field which combines both U.S. and foreign paper money and other types of securi- ty paper would do well to track down the output of Homer Lee. The result of their labors could be a winning exhibit at Memphis or ANA. References: The Essay-Proof Journal, Spring 1967, Vol. 24, No. 2, whole no. 94, pp. 67-76 (that section of the Morris biography dealing with Homer Lee Bank Note Co.). Paper Money, Vol. 12, No. 4, 1973, whole no. 48; Vol. 13, nos. 1-3, 1974, whole nos. 49-51 (pp. 171-178, no. 48, and pp. 20-29, no. 49 deal specifically with the Homer Lee printings). Page 68 Paper Money Whole No. 104 INTERESTING NOTES 'BOUT INTERESTING NOTES © 1983 Roger H. Durand Bears and Bank Notes O BSOLETE bank note engravers chose a wide variety of subjects to decorate bills and make them appealing to the bank officers. These officials in turn tried to choose designs that would be acceptable to the people in their areas. Banks in the country often had vignettes of scenes per- taining to farming, hunting, Indians, etc. Banks located near the ocean often had vignettes of boats, whaling, etc. Banks in cities illustrated the large buildings and city views. The use of animals on bank notes was also popular during the state bank era. There are literally hundreds of different notes with an animal somewhere in their designs. Farm animals were prob- ably the most popular subjects on the notes of the country banks. Wild animals were also used to some degree as a sub- ject for the vignettes on a few notes. All wild animals on ob- solete bank notes are moderately scarce. The Bear The early settlers encountered many hardships as they carved their way through the wilderness. The weather and problems with Indians and even with wild animals were the rule rather than the exception. Probably the most dangerous animals the pioneers encountered were bears. Huge in size, unpredictable and often violent in nature, these impressive beasts brought fear to the hearts of even the bravest hunters, especially if they were not prepared for the encounter. Out- side of Indians, it is uncertain who was the first explorer or settler to encounter a bear in this country. Probably a mem- ber of the Cabeza de Vaca or Francisco Coronado expe- ditions, while exploring the Southwest during the early six- teenth century, had a confrontation with a bear. A Jesuit missionary, Claude Allouez, wrote "Mission to Kilistinouc" in 1666 about the Assiniboine River region of western Canada. In this work he noted that "Indians are eaten by bears of frightful size, with prodigiously long claws." Another early encounter with a bear occurred during the Lewis and Clark expedition in 1805. Lewis himself told the following story of his experience with a bear: "There was no place by means of which I could conceal myself from the monster until I could charge my rifle. In this situation I thought of retreating in a brisk walk until I could reach a tree about 300 yards below me, but I had no sooner turned myself about but he pitched at me, open mouthed and full speed. I ran into the water to such depth that I could stand and he would be obliged to swim, and that I could in that situation defend myself with my espontoon." (An espontoon was a sort of short spear.) Even Kit Carson was treed like a possum a number of times. Jim Bridger, a famous mountain man, de- scribed grizzly bears as "nothing but devils in fur coats". The most incredible encounter of man and bear has to be the ex- perience of Hugh Glass. In 1825, while on an expedition along the Missouri River, Hugh Glass and other members of his party en- Paper Money Whole No. 104 Page 69 countered a bear. Glass shot the animal but it was only wounded, and enraged with pain, the bear chased Glass up a tree. The bruin followed him and dragged him down. Once they were on the ground, the bear continued the attack. He mauled and mutilated Glass's body, breaking several bones and ripping most of the scalp from his head. By the time the animal was killed, Glass was in such condition that his friends felt that he could not survive and he was left for dead. After remaining unconscious for days, Glass in some way began to revive. Sustaining himself on frogs, grass, and anything else that he could reach, he crawled on his stomach over a hun- dred miles down the Missouri to Fort Pierre, South Dakota. Medical treatment was finally administered and he recovered and went back to his life as a frontiersman. About ten years ago, a motion picture starring Richard Harris and titled "Man of the Wilderness" was made about this incredible feat. Brown bears and polar bears are two of the breeds that appear on bank notes. The Arctic explorers often en- countered polar bears and one of these confrontations is illus- trated by an engraving on the $3 bill from the Continental Bank of Boston. It seems that whenever a bear was used on a bank note, he was attacking man. These vignettes were meant to illustrate the hardships and dangers of the early settlers. Bears, unless provoked, intentionally or unintentionally, tried to avoid any confrontation with man. The Bank Note The vignette of the bear mauling a dog while the wood- cutter attempts to kill him with an axe was engraved by W. L. Ormsby. Ormsby is famous for a particular style of vignette engraving—the "unit system." He engraved one vignette that covered the entire front of the note. All the printing of the bank title, denomination, etc., was done on top of the vig- nette. Ormsby thought that a note such as this would be diffi- cult to counterfeit. He also engraved notes using the popular style of the times—the "patchwork system." This style con- sisted of a miscellaneous group of vignettes, counters and other letters combined for the note's design. The note shown here is of the latter type. To my knowledge, this bear vignette was only used on this note from the Farmers and Drovers Bank of Petersburg, Indiana. The bank issued $1, $2, $5 and $10 bills. Only the $1 bill used the vignette with the confrontation with the bear. The other denominations have vignettes of farming and themes pertaining to agriculture. Today, some breeds of bears are endangered species and if trends continue, these bears will go the way of the bank notes that illustrated them. Bill Horton Candidate for ANA Board SPMC Governor William H. Horton, Jr. of Franklin, N.J. has announced his candidacy for election to the ANA Board. The following is excerpted from his campaign liter- ature.: Biography.. ANA life member #2068. Born in Newark, New Jersey in 1951. Cur- rently working as the Superintendent of the Lake Mohawk-Sparta Water Company, Sparta Mountain Water Company and the Blairs- town Water Company. I also do consultant work for the Lake Wallkill Community Water System, Lake Glenwood Realty Com- pany Water System and the Forest Lakes Water Company. Married in 1974 to Jacqueline Franson and have two sons, William III and Michael John. Co-founded the Garden State Numismatic Association in 1975 and served as its president until 1979. Was recently elected president of the Great Eastern Numismatic Association (GENA), and am current- ly president of the Sussex County Coin Club. I am also currently serving on the Board of Governors of the Society of Paper Money Collectors and have been serving as a District Representative of ANA since 1976. Well-known for my educational exhibits on paper money which have been exhibited in national, regional, state and local shows and con- ventions since 1972, capturing over 140 awards. References Treasury of Big Game Animals, Erwin A. Bauer. Published by Out- door Life. Harper & Row, New York, Evanston, San Francisco, London. 1974. Indiana Obsolete Notes and Scrip, Wendell A. Wolka, Jack M. Vorhies and Donald A. Schramm. Society of Paper Money Col- lectors. 1978. Iola, Wisconsin. Platform.. 1. As a member of the 1982 Audit Committee I feel our report should be followed to cut costs. As a governor I would try to en- force that report. 2. To streamline the day-to-day operations of the ANA staff at headquarters and conventions, 3. Continuation of open board meetings. 4. Improve the quality of our exhibit awards. 0 Fig. O0 Fig. 3 O0 B 00 Fig. 2 00 O0 O0 Page 70 Paper Money Whole No. 104 Patent Papers (The following transcript of a printing process for which a pat- ent was granted in 1869 is of interest to syngraphists, although it was originally published in the June 1913 issue of the United Stamp Company Herald of Chicago.) No. 92,593 July 13, 1869 JOHN EARLE and ALFRED B. STEELE of Philadelphia, Penn. Improvement in Printing Revenue Stamps, etc., in Two or More Colors. This invention consists of certain new and useful improvements in the manner of producing Revenue stamps, printed in two or more colors at one operation; the following is a full, clear and exact description of the same. In the drawings Figure 1 represents what is termed a female plate; Figure 2 represents what is termed a male plate; Figure 3 represents a "form" for inking the female plate; and Figure 4 represents a "form" for inking the male plate. The objects and purposes of this invention are: First, to attain a process of printing that will secure per- fect and unvarying registration of two or more colors at one impression, by means of two or more united plates, the sur- faces of which are engraved with any designs, in the usual manner of steel or copper plate engravings; and Second, to apply this process to the manufacture of printed stamps, such as those used by the United States Government in the Postal and Internal Revenue Depart- ments, by which process they receive great additional security against counterfeiting, by such uniform registration of two or more colors. The application of this process would afford great pro- tection against the fraudulent re-use of cancelled stamps, by making one or more of the registered colors fugitive, while the remaining color or colors shall, or may be indelible. Cancellation, by writing, printing or cutting with inked edges of stamp presses, being made obligatory over a certain part of the stamp top, centre, or bottom, and such designated part being in fugitive color, any attempt to remove the cancel- lation will be rendered abortive, as that portion of the stamp will at once show, by its impaired character, compared with the balance of the stamp, that it has been tampered with. The process is equally applicable to bank notes, bonds, checks, coupons, or certificates, or any other thing requiring exact registration in two or more colors, as to revenue stamps, and it is so proposed to apply and use it, and with or without the use of fugitive inks, as may be desired. To enable others skilled in the arts to make and use this invention, the accompanying drawings of the camera are fully described and explained. A steel or copper plate, A, of proper superficial area and thickness, upon which is engraved such work, and in such places as it may be desirable to print from in any particular color, is prepared, and then this plate is cut entirely through where the blanks are intended to be, as at a a, etc., and which space will be occupied by the second or male plate. Pieces of steel or copper are next prepared, and engraved upon, and made to fit precisely the open spaces a a, both in superficial area and in thickness. These pieces b b, are then fixed accu- rately and immovably on a back plate, which is the male plate B. The color of the ink used on these pieces b may differ from that used on the plate A. To print neatly from these plates, "forms" of metal, or other substance C D, are used, and so made as to fill up the blank spaces or places of their respective plates, and even with the surfaces of their plates; and when said "forms" are laid in position, the plates may be inked in, respectively, with the colors intended to be printed, the "forms" preventing the printer from leaving a mass of ink on the perpendicular sides of each plate. After the plates are filled in, and wiped, in the usual manner of steel or copper-plate printing, the male plate B is laid on the bed or plank of the press. Upon this plate is then adjusted the female plate A, one fitting exactly in the other, and presenting a surface as of one plate, but with different- colored inks. The paper is then placed over them, and, on pulling it through the ordinary roller-printing press, or sub- jecting it to vertical pressure, a registered impression, of undeviating accuracy of the whole engraving or design, or series of engravings or designs, is invariably obtained; and every impression must necessarily be duplicate of its fellows. Paper Money Whole No. 104 Page 71 Should three colors be required, the same process is ap- plied, leaving in the female plate A the blanks for the third, as well as the second colors; and a second male plate is pre- pared in the same manner as the first male plate, B, while the first male plate, B, has blanks cut through it, to admit of the fitting of the second male plate with the first or female plate A. The three plates, having been inked in and wiped on their separate forms, as above described, are adjusted together, and printed by one impression, producing three perfectly- registered colors. CLAIM: In combination with two or more engraved plates, made and fitted together as described, and from which printing is to be done, by a single impression, in two or more colors, the separate inking of said plates by means of "forms," to prevent their vertical sides or walls from being covered with the ink, or causing blurred impressions, substan- tially set forth. The souvenir cards are available at the Bureau of Engraving and Printing Visitor Center, Washington, D.C. at $4.00 each. The cost of the souvenir cards by mail is $5.00 per card with a discount of 50c per card for bulk mail orders of 10 or more. In addition, a limited number of special Washington, D.C. Post Office machine-cancelled cards with the 20C Flag over the Supreme Court stamp affixed will be available by mail at $5.50 each, and mail orders will be filled until such stock is exhausted. The card will remain on sale for 90 days or until all supplies are exhausted, whichever occurs first. The pur- chaser's name, address, and zip code should appear clearly on both the order form and the transmittal envelope. Mail orders accompanied by appropriate remittance in the form of a check or money order payable to the Bureau of Engraving and Printing (BEP) should be addressed to FUN '83, BUREAU OF EN- GRAVING AND PRINTING, WASHINGTON, D.C. 20228. Customers are requested not to send cash with their orders and to allow 90 days from issue date for delivery. ANA Tucson Convention Souvenir Card BEP "Watermelon Note" Souvenir Card The Bureau of Engraving and Printing issued the second souvenir card of the Fiscal Year 1983 Program commemorating the Twenty-eighth Annual Convention of the Florida United Numis- matists, Inc. in Orlando, Florida, January 5 through 8, 1983. The card features the reverse of the $100 Treasury or "Coin" note issued under legislation of July 14, 1890. These notes were backed by metallic reserves, hence the term coin notes. The $100 and $1,000 notes of the 1890 series bear ornately engraved backs and get the name of "watermelon" notes because of the obvious and intri- cate rounded design of the zeros. The card is printed on a combin- ation of 1-color offset and 1-color intaglio presses. In keeping with its practice of having the American Bank Note Company produce souvenir cards related to the locale of the event, the Tucson convention card features a $1 note of Lord and Williams issued when Tucson was in the Arizona Territory. Immigrants to the newly formed Territory, Dr. Charles H. Lord and W.W. Williams organized a merchandising firm in 1867 and opened the first bank in Arizona Territory in 1874. It is known that several denominations of bank notes, "Lord & Williams [not the merchandising firm] Will pay Bearer at Sight," were issued during the bank's first four years. It is not certain that any others were issued between 1879 and the bank's failure in 1881. The Indian with a long bow and a quiver of arrows may be found on quite a few bank notes and checks of the era. Some are printed from engraved plates, such as the one on the left end of the card, while others, less sharp and not so distinct, are from litho- graphic stones. The card is about 81/2 x 101/2 inches in size and has a tint to give it a pleasing two-color effect. It may be ordered from the American Numismatic Association Headquarters, P.O. Box 2366, Colorado Springs, CO 80901, at $4.00 each plus $1.00 per order of ten or fewer to cover first class postage. M7,392LALL.M3F-17,-9,r, L.:, LB' VIII - ALBUQUERQUE NATIONAL [RUST AND SAVINGS BANK U.BUQUERQUE NEW MEXICO Kivu n►mmis F0046611 IliouN110.1 0,113.1ktiigt:N)Hmtc,A, ALBUTIVIQUE NATIONAL 1151 AND SAVINGS BANN 0004099A ALBUQUERQUE co NEW MEXICO 0.1 WELL Pt,' TO Of BEARER ON 0.1040 FIVE DOLLARS 0004099A MAT 11114DMIIILAARSIS "APIMPINEMOSEVIMIERIMEMIlleMmli Paper Money Whole No. 104Page 72 qt THE PAPER COLUMN by Peter Huntoon Series of 1929 National Bank Note Replacement Plates J UST about every seasoned National Bank Note collectorhas discovered pairs of Series of 1929 notes from a givenbank which have different title layouts yet still bear the same pair of bank signatures. In every such case that I have observed, the later note has noticeably smaller and less bold signatures. John Hickman, in discussing these notes with me at Memphis this year, claims that he has seen pairs with larger signatures on the later notes. Such pairs represent banks for which new overprinting plates were made during the course of the 1929 issues. The explanation has remained obscure. Naturally new plates were required in cases where titles or officers changed, but why a re- placement if there was no change in either? A Pattern I have discovered a pattern. Luck would have it that of the 23 banks which issued small size notes in Wyoming, new plates were made for four (possibly five) banks despite the fact that neither the title nor officers changed. The affected banks were Casper (10533), Cheyenne (11380), Green River (10698), and Thermopolis (12638). In addition I have before me photo- copies of such pairs from Winslow, Arizona (12581), Red Lodge, Montana (9841), and Albuquerque, New Mexico (12485). The following pattern emerges from this sample: 1. In every case, one or more of the officers' signatures is reduced on the later issues. 2. In every case, the plate being replaced has a layout identical to that shown on Figure 1. Specifically, the fonts (designs and sizes of type), spacings between letters, and spacings be- tween lines are identical to those shown on Figure I. 3. The majority of affected banks have high charter numbers in the 9500 through 13000 range although this is not uni- versal. 4. The change in plates occurred in the Type I issues. Of these factors, number 2 appears to be of paramount importance. Quite obviously the original plates in all cases in this sample were made by the same contractor. Possibilities ex- plaining why these plates were systematically replaced include such reasons as: (1) the layouts were too bold in comparison to other 1929 notes, (2) the plates had poor wearing properties, (3) the unusually close spacing of the letters in the titles may have caused ink clogging problems, or (4) someone just did not like the layout and saw to it that affected plates were replaced. Who knows? The Bureau of Engraving and Printing did not keep the records relating to these typesetting contracts or ALBUQUERQUE NATIONAL TRUST AND SAVINGS BANK AL It UQUERQUE NEW MEXICO ••■• Figure I. Title layout which was commonly if not always replaced on Type 1 Series of 1929 National Bank Notes. NORFOLK NATIONAL BANK OF COMMERCE AND TRUSTS NORFOLK VIRGINIA Figure 2. Unusual title layout which seems to have been system- atically replaced on Series of 1929 National Bank Notes. Figure 3. A pair of notes showing a dramatic change in title layout, yet the signatures are the same. Notice that the signatures on the later note (F004661 A) are smaller. production data associated with the use of the resulting over- printing plates. The fact remains, if you have a note with the layout shown on Figure I, chances are excellent that you can find a later note on the same bank with a more conventional layout. Another Doomed Layout The layout shown on Figure 2 is another one that seems to have been systematically purged and replaced. It is unusual and scarce. I don't remember having seen its use on a type 2 note. Is there any correlation between the layouts shown on Figures 1 and 2? Yes—there are two similarities. First, the town and state are set in the same fonts. Second, the layouts and signatures on the Figure 2 designs are consistently large and bold like those associated with the Figure 1 designs. It is obvious to me that the same contractor prepared these over- printing plates also. TWEAN,T, ASSG 11111110EIX. WETS : • MX TIII:EXiTEOSTATESOPAMERICA THE AMERICAN . NATIONAL RANK OF 0 0 CHEYENNE el WYOMING 1000359A L_. JIMA ' 11111MTDOIZARS 60003151 )20 IRE BOOM NATIONAL BANN OF Ct CASPER *I WYONINO 0 6000315•. 1 TWENTY DOLLU1S • 'cm; I srucs Iry ptEitic 4:4 .1/1101LX.MIHMO 11O CO CO THE AMERICAN NATIONAL OINK OF CHEYENNE WYOMING UWE 011 ALLAIIS 1000956A A00096 5:-'1 TIIREN111413111211ISfiNJAMEMERS, THE WYOMING NATIONAL BANK OF • CASPERCO • WYOMING TIVE:AFTITIMILLARS "I■ 00001721 TIMINTITIOLURS ,3 -73.7 1114:111IMPIrAM Till% UNITAPASTAW60iAti4iiiiii6 FIRST NATIONAL BANE IN THERMOPOLIS WYOMING TWENTY IMALL.tIOS i % 12 6 3 8 IliVIINTEDOLIARS rat* THRUNCIIKO STATES INEENIEritiCTS- z FIRST NATIONAL BANK IN cO THERMOPOLIS 0.) WYOMING CD N 'TIAVETT1' ;1■111111; D0001201 D000120 12 6 4ns 8 fi; TIRE I . Nrrint jtii*jtit,..tattgfil%%,` EILENZOBILS11, V13111=1112111,A" HEIST NATIONAL BANK OF GREEN RIVER WYOMING • wq, Yo Gty ra,Y, eta cy Yno ••••• TEN ►OLEAliS 1000012 10698 1000012 1-WVANIMIOLSIIVENASAWIMANA-UtAk nal= „, FIRST D0001231 NATIONAL BANK OF *3 GREEN RIVER 1'! ' :., I 01 WYOMING tO 0 4ii■iiiI)OLLARS 0000123A L , ,,......ed‘........./ i 1 —r "41:77 "Ir1111.1'WI ' 4-..- 1\ . Paper Money Whole No. 104 Page 73 Figure 4. Pairs of Wyoming notes illustrating replacement plates. :Notice that the original plates had layouts of the hank titles identical to that shown in Figure I. Also notice that the signatures were reduced on the second plate. Conclusions If my observations are correct, we have a pattern where only certain varieties of overprinting plates were systematically replaced. The pattern emerging here strongly implies that the replacement plates developed from technical considerations. Quite obviously we are left to wonder why. The replacements seem to have been made during the middle of the type I issues, explaining why the layouts shown on Figures 1 and 2 are virtually or entirely missing in the type 2 issues. If you have pairs of notes which do not fit the pattern de- scribed above, I would certainly appreciate getting photo- copies of the notes. A Rejected Theory John Hickman and other observers have speculated that replacement plates resulted from complaints of affected bank officers reaardina the relative sizes of their signatures as corn- pared to other notes, or as compared to the other signature on their own notes. Frankly, I don't think the bankers had that much to say about their layouts. Besides, in most if not all cases, the sizes of the signatures on the new plates were smaller and less bold than those on the originals. Who would possibly ask for a reduction! Nitty-Gritty If you enjoy the technical nitty-gritty of these layouts, consult my article in PAPER MONEY, volume 12, page 179. Shown there are most if not all of the fonts used to lay out 1929 overprints. The fonts used on notes with designs identical to Figure 1 are: bank title-0.12 inch American extra con- densed, town-0.12 inch Gravure expanded, and state-0.07 inch Pastel. The fonts used on Figure 2 varieties are: bank title-0.08 Pastel bold condensed, town-0.12 inch Gravure expanded, and state-0.07 inch Pastel. If you refer to that ar- ticle, beware that the photos of the various fonts are slightly enlarged so they cannot be used for direct size comparisons. Page 74 Paper Money Whole No. 104 THE PRODUCTION OF PAPER MONEY A Paper by J. E. Ralph, Director of the Bureau of Engraving and Printing, Read Before The New York Numismatic Club, February 10, 1911, by George H. Blake (Editor's Note: The following report, printed first in The Numismatist, April and May 1911 issues, is particularly useful be- cause in addition to an explanation of Bureau of Engraving and Print- ing procedures, it contains a rationale for the change from the "old", large-size currency to the "new", present-day size. Its presentation well over a decade before the change took place demonstrates the great length of time required for such a revision in the nation's cir- culating medium of exchange to be accomplished.) M ONEY is a standard by which wealth is measured, and is the means by which one kind of wealth can be ex- changed for another. It is older than history, and the kind of money employed by a people is not a bad measure of their civilization. Money differs from currency; while currency is anything with which commodities can be bought and debts cancelled, it does not always have an intrinsic value, but may be, as in the case of bank-bills and government notes, merely a voucher or representative of value, in which case it is not money in the strictest acceptation of the term. Money is that kind of currency which has an intrinsic value, and even if not used as currency would still be wealth. Money is anything that by agreement serves as a common medium of exchange and measure of value in trade, as legal tender, coin, notes or cash. The Constitution provides that "Congress shall have power to coin money and regulate the value thereof," etc., which has been supposed to make the term money syn- onymous with coins. The Constitution also provides that "No State shall coin money; emit bills of credit; or make anything but gold and silver a tender in payment of debts," etc. Con- gress has maintained this point so well that copper coins and nickel pieces, although authorized to "pass current," are not money in an exact sense, because they are not made legal tender beyond twenty-five cents. The question has been raised whether a paper currency can be constituted by Congress a legal tender in payment of private debts. Such a power has been adjudged valid and declared constitutional by the Su- preme Court of the United States in its legal tender decisions. Paper money, like other kinds, has been both indifferent and good, but its advantages are so patent that it has become recognized as a necessity. Paper money is a great antiquity, and originated first in China. Marco Polo who was at the court of Kubla Khan from 1275 to 1291 A.D. describes it as having been used extensively since the beginning of the ninth century. The first paper money ever issued by the Government of the United States was authorized by Acts of July 17 and Aug. 5, 1861. The early issues of paper money from 1861 to 1876, were made under contracts with various Bank Note Compa- nies. After that date the Bureau of Engraving and Printing commenced the manufacture of United States Paper Money. Since paper money became a circulating medium there have been many changes in design and distinctive character of paper used. Banknote engraving as applied to our securities is purely an American product, and no other institution in the world comes so near to furnishing, from an artistic and mechanical point of view, a perfect circulating medium, as does the Bureau of Engraving and Printing. The printing of stamps, bills, and bonds is the highest ex- pression of the printer's art. It is the jewelry of the trade, demanding skill, care, watchfulness and oversight such as is necessary in no other form of work. The Bureau's work is the almost imperishable record of history. The fractional currency, the greenbacks, the national banknotes, the treasury notes, the silver and gold certificates and bonds are the visible and tangible evidence of the struggles and triumph of the nation. They are the crystalized forms of gigantic forensic battles waged under the statue of Columbia on the dome of the Capitol. They register the rise and fall of policies, parties and candidates. They furthermore record the labors of 4,000 people employed in the Bureau, a branch of the government work which afford no soft places, but where every employee labors up to the limit of his ability. Paper, Engraving & Printing The paper employed for the printing of bills is a fine, firm quality of linen, known as "distinctive" paper, manufactured under government inspection at Dalton, Mass. The sheets of paper on which bills and bonds are printed are delivered daily by the loans and currency division of the Secretary's office to the Bureau upon requisition. From the time the blank sheets are delivered by careful count until thirty days later, when the printed bills are sent to the Treasury, the Bureau must account for every sheet in its hands. It is counted when received, it is counted when wet, when printed on one side, when dried, when wet again, when printed again, when dried a second time, when examined for imperfections, when numbered,—in short, counted some fifty times before it final- ly escapes from the Bureau. It has become accustomed to be counted before it starts out into the world as money, and then continues to be counted until returned, dirty and worn out, —counted to death—only to be again counted and destroyed. The engraving division is the cornerstone of the Bureau and the bulwark of our securities. In this division every form of security issued by the government has its origin, and the most artistic and skilled engravers that the world produces are employed. Steel engraving is the perfection of art as applied to securities; it differs from painting and sculpturing, inasmuch as the engraver who carves his work on steel plates must de- liberately study the effect of each infinitesimal line. Free hand, with a diamond-pointed tool known as a graver, aided by a powerful magnifying-glass, he carves away, conscious that one Paper Money Whole No. 104 Page 75 false cut or slip of his tool or miscalculation of depth or width of line will destroy the artistic merit of his creation and weeks or months of labor will have been in vain. The introduction of cheap mechanical process work has superseded the beautiful creations of our master engraver commercially, and now we find the art limited to banknote engraving. The work in this division is classified and divided so that employees become specially skilled in some particular branch of the art. For instance the engravers are classified as portrait, script, square letter and ornamental engravers. Each becomes unusually expert, the result being that not only better work is secured, but a greater amount is turned out in a given time, and greater security is obtained. To the credit of the engravers and employees of this di- vision, it should be stated that in the history of the Bureau none of its employees have engaged in counterfeiting. The plates used in printing contain four notes, each bear- ing separate check letters, A, B, C, D. Near the check letter will be found a number which is used by the Bureau for identi- fication and by means of which can be ascertained a complete history of the plate used in printing same, by whom engraved, printed, etc. At the present time by consulting the number on the most recent one dollar silver certificates it will be found that over ten thousand plates have been used to print that denomination. When plates are issued in the morning, receipts are taken for them, and those charged with the same are not permitted to leave the building until they are returned to the Custodian's of- fice and checked off. The system of checks and rules governing the custody of the work is so perfect that in the history of the Bureau not a single plate has gone astray. The manufacture of distinctive paper with the double row of red and blue silk fibres pressed into the surface is a skilled process, calling for fine machinery and the best of raw material. The process of preparing the paper for the printer also re- quires skill and experience. The wetting room looks not unlike a laundry, but no buttons are washed off, nor do collars ever go astray. Here the bundles as received from the Treasury are opened, counted and separated into packages of twenty sheets each. A damp cloth is placed between each package and the paper is allowed to stand for several hours that it may absorb moisture from the cloths. The sheets are then shifted and placed under heavy pressure, and gradually prepared in twenty-four hours for the printing press. Care is taken to preserve the sizing on the paper, and the cloths are kept clean by frequent boilings without soap. It is here the counting begins, and it is fifteen years since a single sheet of paper has gone astray. One sheet on that occasion could not be ac- counted for. It may have been lost in the vat, it may have been a miscount on delivery to the Bureau, but no theory, explana- tion or apology would serve. There is no mention of mercy or provision for mistakes in the creed of the Bureau. The fault, if fault there was, could not be located, and the employees of the room had to pay for the sheet as though it had been printed. The busiest room in the Bureau is that devoted to plate printing, where nearly eighteen hundred people are engaged in the printing from the plates already mentioned. Plate printing has changed but little since its invention in Italy about 400 years ago. The ink, which is specially prepared for the purpose, is rolled over all the plate, filling all depressions as well as cover- ing the smooth surface of the plate. The pigment is then rubbed off the smooth surface with the bare hand, leaving the lines filled. The plate is then placed on the press, a damp sheet of paper placed upon it, and passed under the roller of the press, and thus the design is transferred to the paper. The operation looks easy, but a great degree of skill is required to produce perfect work, and plate printing is a trade in itself. The printer gives a receipt for the plate form, he receipts for every sheet of paper he receives, the press registers every impression made and he cannot leave until he returns the plate and accounts for every sheet' of paper. Each printer has a young woman to assist him, whose duty it is to lay the paper on the plate after it is inked, and remove the same after printing. Suggestions for Design Uniformity To circumvent and make more difficult the counterfeiting of our paper money, the Secretary of the Treasury who has given the subject much thought and study, recently appointed a committee consisting of U.S. Treasurer Lee McClung, my- self, and the Chief of the U.S. Secret Service John E. Wilkie. Assistant Secretary Andrew will be represented on the commit- tee by his private secretary, Mr. Robert L. Bacon. This com- mittee has been actively engaged for several months preparing designs which will incorporate all of the essential features re- quested by the Secretary. This includes legibility, security as well as distinctiveness, and art features. The instructions also include the consideration of the reduction in the size of the notes. At present there are nineteen miscellaneous designs in use, containing many objectionable features and a multiplicity of portraits, and a lacking in legibility of denominational counters. The plan of the committee is to reduce these nineteen different designs to nine, characterized by a distinctive portrait for each class of notes, as suggested as follows: $ 1.00 Washington. 2.00 Jefferson 5.00 Lincoln 10.00 Cleveland 20.00 Jackson 50.00 Grant 100.00 Franklin 500.00 Chase 1,000.00 Hamilton It is intended to engrave such portraits as may be finally decided upon, in the center of the face of the note, the same Page 76 Paper Money Whole No. 104 portrait being used on the same denomination of three differ- ent kinds of notes, i.e., United States notes, Gold certificates, and Silver certificates, thus making it a simple matter for all persons to become so familiar with the portraits that dis- tinguish the respective denominations that they will be uncon- sciously photographed on their minds, and be synonymous with the figures indicating the denomination of the notes. For example, when they see the portrait of Lincoln on a note they will readily understand that its denomination is $5.00. It is necessary that all tellers of banks and other persons who are constantly handling large quantities of money, as well as the general public, shall become familiar with each of these designs in order that they may readily distinguish the denomi- nation and know the note is genuine. This familiarity with the portraits will enable everyone to readily detect counterfeit erased notes, as experience has clear- ly shown that it is impossible for the most expert engraver to reproduce an exact facsimile of a portrait, even if the latter has been engraved by himself. The class to which the note belongs may readily be deter- mined by varying the colors in which the seal on the right side of the note and the denomination numeral on the left side are printed. Of course the name of the class will be plainly re- peated, in the text of the note for each class, many times on the face and back. In connection with any scheme of changing the design of our paper currency it is necessary to emphasize certain features which are absolutely essential to all notes. First of all, certain wording is required by law on each of the different certificates, for example take the wording for the Silver certificates: "Silver Certificate. This certifies that there has been deposited in the Treasury of the United States of America, one silver dollar, payable to the bearer on demand. Washington, D.C. Series of 1899. Act of August the 4th, 1886." is the portrait which should occupy a prominent part of the design, and when carefully engraved is the best possible cir- cumvention against counterfeiting. There is no portion of the engraving on the banknote that is superior to a portrait in identifying a note. Other points in favor of this suggested change may be summarized as follows: 1. To make the denominational counter or figure more distinct and legible. z. To prevent as far as possible the raising of the denomination of a note by adding another figure. 3. To incorporate added safeguards against counter- feiting. 4. To improve on the artistic value of the design, retain- ing the present necessary and praiseworthy simplicity. Advantages of Small -Size Currency At the same time it seems also desirable to take advantage of this opportunity to consider the question of a change in the size as well as design of the paper currency. While this question is under consideration in the Treasury Department, it seems appropriate that the arguments for and against the change in size of the notes should be widely discussed throughout the country, as nothing more intimately concerns the affairs of the people than their money. It is only after a fair presentation of both sides of this question, that any judgment should be formed. It seems wise to consider this question of the size of paper money from two points of view:- 1. From the point of view of the Treasury Department in the interests of economy. 2. From the point of view of the banks and commercial houses. I. From the point of view of the Treasury Department in the interests of economy. The present size of the paper currency is 3.04 inches wide by 7.26 inches long, and it is suggested that it be reduced to 2'/ inches wide by 6 inches long, the same size as the Philipine paper currency which has proved such an unqualified success. It is estimated that the proposed change will result in a saving of about $700,000. Silver Certificate A A Signature of the Signature of the Register of the Treasury Treasurer of the United States This plan shows the essential features of a note which are required by law. Add to this the above wording, and it will be evident there is very little space left for any artistic embellish- ments, especially when it is necessary to leave plenty of blank space to allow the silk fibres of the distinctive paper to show through. There are two other important points to be con- sidered in connection with designs. First:—There must be distinctive denomination numbers in each corner of the note. The importance of the legibility of the counter to those who are constantly handling paper money in banks and commercial houses should not be underesti- mated. The denominational counter should be so distinct and legible as to allow quick reading of the denomination. The dis- tinctive feature of the note is the second important point. This II. From the point of view of banks and commercial houses. 1. Notes being small and capable of being carried flat by individuals will be preserved in that shape, and would there- fore be more readily handled by cashiers, tellers and clerks, and be capable of being closely packed. 2. It will not be necessary to change dimensions of cash drawers, tills, compartments, etc., which now hold the present size of notes, as they will also hold the money of the proposed size. This would not be true if the suggestion were to enlarge and not to make smaller the existing size. 3. Banks, as well as Sub-treasuries could store probably 25 percent more notes in their vaults. Paper Money Whole No. 104 Page 77 4. By actual experiments by the bank clerks and tellers of banks in the city of Washington, it is found that the proposed size of notes does not tend to cramp the hand of those persons manipulating them, as do the present size of notes, and that they are just as easily handled and counted as the old notes. Against these many advantages in favor of the adoption of the new size of notes, the only objection to the scheme that seems worthy of consideration is that for some time there would be two sizes of paper money in use, which would prob- ably cause inconvenience and annoyance to the business public and to bank tellers, but this objection could be overcome largely by preparing in advance, a sufficient quantity of notes of the new size so that they could be exchanged for notes of the old size on a fixed date, simultaneously, or nearly so, with all sub-treasuries, banks, or other large financial institutions. Pre- paring for the change, including the preparation of designs and plates and the printing of notes, would probably require about 18 months, and within that time a sufficient quantity of new notes could probably be prepared to make such exchange. The actual exchange could be substantially effected within a few months. The paper money in the hands of the general public would automatically change very rapidly, owing to the probable general desire to secure the new currency as soon as possible, on account of its novelty. It will be noticed that these objections are based on the temporary inconvenience caused, and it is admitted that such temporary inconvenience may work slight hardship on some people and may cover a period of several months. But surely such considerations should never be allowed to stand in the way of permanent progress and permanent economy. Proposed National Currency Changes The above arrangements for the exchange of notes of course refers only to the United States notes and gold and silver certificates and can be made operative under Depart- ment authority, not therefore requiring special legislation. In order, however, to effect a reduction in the size of national bank currency without the necessity of legislative authority, at the same time continuing the many present designs, it will be necessary to change or eliminate all of the 12,000 plates now in use. Each national bank has at present one or more distinctive plates bearing an inscription giving its title and location. Con- tinuing the present design and at the same time reducing the size of the note would necessitate the engraving of over 12,000 new plates. This could doubtless be done only by the Govern- ment's assumption of the expense of the new plates—a very expensive operation, as each plate costs $75, making a total ex- penditure of $900,000. The difficulty, however, about reduction in the size of na- tional bank notes could readily be overcome with great ad- vantage and economy, by adopting a uniform circulating note which would do away with the necessity of special notes for individual banks. Legislative action, however, would be necessary to bring about the desired result. If this should he brought about there will perhaps be no appreciable expense whatever thrust upon the banks in the adoption of a similar sized note. The adoption of such a note would necessitate the preparation of only one hundred plates, and would result in the following advantages: 1. Uniformity with United States notes and certificates, thus making all paper issues in circulation the same size. 2. Reduction in the force of the office of the Comptroller of the Currency in receiving currency from the Bureau, and its shipment to banks. 3. Reduction in the vault space required by the Comp- troller of the Currency. 4. There would be no necessity for the Comptroller of the Currency to carry a reserve supply for each bank, as his stock would be common to all banks. The present reserve supply of national bank notes in the Treasury is as follows: Total balance $664,930,970 Average amount on hand for each bank, about 68% capital stock. Emergency currency $650,000,000 Average amount for each bank, about 67% capital stock. 5. Saving of a large number of sheets which are held ready for issue, but which are cancelled because the banks for which they are prepared go into liquidation. This item was 654,000 sheets in the last fiscal year. At present the Treasury has to keep a reserve on hand for each of the 7,000 active na- tional banks. This would result in an estimated saving of $40,000 a year. 6. Reduction of force in National Bank Redemption Agency through probable elimination of assortment of character numbers of the notes submitted for redemption. 7. In time of panic or money stringency the proposed uni- form currency would be particularly helpful. The banks could then send the necessary amount of bonds to the nearest sub- treasury and get its equivalent in currency. This could be done in the short space of time required for counting the bonds and making the book entry. In 1907, banks sending to Washington for their own notes had to wait sometimes three or four weeks for their currency. The proposed reduction in the size of the paper currency ought to and would be popular with the public, because it could be more easily handled, once the strangeness and new- ness of it had worn off. Also, it could be carried in a pocket book of ordinary size with less folding. This fact would tend to prevent it from becoming soiled and torn as soon as the pre- sent notes, which have to be folded and creased two or three times. Page 78 Paper Money Whole No. 104 BUREAU OF ENGRAVING AND PRINTING COPE PRODUCTION FEDERAL RESERVE NOTES PRINTED DURING NOVEMBER 1982 SERIAL NUMBERS SERIES FROM TO QUANTITY B33 280 001 E E51 200 001 C F87 040 001 C F00 000 001 D G51 200 001 C H62 720 001 A G69 120 001 A H11 520 001 A J38 400 001 A L88 320 001 A B20 480 001 B E26 880 001 A G42 240 001 A H11 520 001 A J16 640 001 A B48 640 001 B E92 160 001 A BOO 000 001 B G21 760 001 B H24 320 001 A J47 360 001 A L19 200 001 B D06 400 001 A L06 400 001 A COI 280 001 A ONE DOLLAR B69 120 WO E E89 600 000 C F99 840 000 C FI7 920 WO D G89 600 000 C H88 320 000 A FIVE DOLLARS G79 360 000 A H2O 480 000 A J48 640 000 A L97 280 000 A TEN DOLLARS B37 120 000 B E35 840 000 A G52 480 000 A H23 040 000 A J25 600 000 A TWENTY DOLLARS B74 240 000 B E99 840 000 A E03 840 000 B G34 560 0(10 B H30 720 000 A J60 160 000 A L32 000 000 B FIFTY DOLLARS D08 960 000 A LIO 240 000 A ONE HUNDRED DOLLARS C06 400 000 A 35,840,000 38,400,000 12,800,000 17,920,000 38,400,000 25,600,000 10,240,000 8,960,000 10,240,000 8,960,000 16,640,000 8,960,000 10,240,000 11,520,000 8,960,000 25,600,000 7,680,000 3,840,000 12,800,000 6,400,000 12,800,000 12,800,000 2,560,000 3,840,000 5,120,000 1981 1981 1981 1981 1981 1981 1981 1981 1981 1981 1981 1981 1981 1981 1981 1981 1981 1981 1981 1981 1981 1981 1981 1981 1981 For the month of November stars were printed for sheets only, with the following serial numbers: ONE DOLLAR 1981 003 218 001* G03 840 000* 2,000 sheets 1981 HO1 299 001* H01 920 000* 1,000 sheets FIVE DOLLARS 1981 J00 659 501* JOI 280 000* 500 sheets TEN DOLLARS 1981 E00 019 501* BOO 640 000* 500 sheets PRINTED DURING DECEMBER 1982 ONE DOLLAR 1981 A26 880 001 B A52 480 000 B 25,600,000 1981 B69 120 001 E B90 880 000 E 21,760.000 1981 F17 920 001 D F43 520 0()0 D 25,600,000 1981 G89 600 001 C G99 840 000 C 10,240,000 1981 GOO 000 001 D G15 360 000 D 15,360,000 1981 G03 840 001 * GO4 480 000 * 640,000 1981 K14 080 001 C K35 840 000 C 21,760,000 1981 L96 000 001 C L99 840 000 C 3,840,000 1981 LOO 000 001 D 1.28 160 000 D 28,160,000 FIVE DOLLARS 1981 A21 760 001 A A30 720 000 A 8,960,000 1981 G79 360 001 A G89 600 000 A 10,240,000 1981 L97 280 001 A L99 840 WO A 2,560,000 1981 L00 000 001 B 1.07 680 000 B 7,680,000 TEN DOLLARS 1981 A32 000 001 A A42 720 000 A 10,240,000 1981 B37 120 001 B B46 080 000 B 8,960,000 1981 G52 480 001 A G64 000 000 A 11,520,000 1981 1_44 800 001 A L56 320 000 A 11,520,000 TWENTY DOLLARS 1981 A51 200 001 A A61 440 000 A 10,240,000 1981 B74 240 001 B B99 840 000 B 25,600,000 1981 BOO 000 001 C B03 840 000 C 3,840,000 1981 G34 560 001 B G47 360 000 B 12,800,000 1981 L32 000 001 B L55 040 000 B 23,040,000 FIVE DOLLARS 1981 A00 019 501* A00 640 000* 500 sheets TWENTY DOLLARS 1981 [01 939 501* L.02 560 0(81* 500 sheets Interest Bearin Notes= Spring and the busiest part of the year in our hobby are almost upon us. As usual, SPMC will be having a number of regional meetings as well as our traditional activities at the International Paper Money Show in Memphis and at the ANA convention in San Diego. Be sure to keep an eye on the numismatic press as well as future issues of this magazine for more details. If you have not paid your dues for 1983, this is the last issue of the magazine which you will receive. With a top- notch publication, members' library, book publishing pro- gram, social events, and other projects available to you, I hope that, even in these troubled economic times, you will consider $12 both a very modest and prudent investment in your enjoyment of the hobby. If you have not yet paid your dues and have misplaced the dues notice which was mailed Paper Money Whole No. 104 Page 79 with the last issue of the journal, won't you take a moment now to remove the mailing label from this issue's envelope and send it along with your check for $12, made payable to SPMC, to Roger H. Durand, SPMC Treasurer, P.O. Box 186, Rehoboth, Mass. 02769. Please be sure to indicate your membership number on your check as well. We hope to have all of you share in our enjoyment of the hobby, through membership in SPMC, for a long time to come! I have resigned as Chairman of the Society's Wismer Up- date Book Publishing Project as of January 10, 1983. This resignation was made necessary because of a promotion and expanding work load at my place of employment. I am, how- ever, happy to announce that Richard T. Hoober has agreed to again oversee this project and to see that it moves forward. Dick's extensive experience with both obsolete paper money and the Wismer Project goes back many years. This, I feel certain, bodes well for the future of this important and im- mense undertaking. Dick can be reached at P.O. Box 196, Newfoundland, Pennsylvania 18445. Please extend him your full cooperation. I hope to see many of you during the coming months at various shows. If you have any questions or thoughts regard- ing the Society's programs, please feel free to contact me at Box 366, Hinsdale, Il. 60521. SECRETARYPS ROBERT AZPIAZU, JR., Secretary 11311111M P. 0. Box 1433 Hialeah, FL 33011 NEW MEMBERS -r-r9e-40- s6450 James Gray, P.O. Box 294, Grifton, N.C. 28530; C, Large & Small U.S. 6451 W.E. Hutto, 1652 S. Santa Belia, Green Valley, Az. 85614. /6452 Randall Suslick, 11 Norwood Dr., Chase City, Va. 23924; C, Civil War/Confederate. 6453 Burton Goldman, 22,00_,Victory Pkwy., Cincirina-07-011io 45206;__C_Paper. _.:6454 Edward Coppinger, 50 Milk Street, Boston, Mass. 02109; C&D. ,./6455 Ray A. Miller, Jr., P.O. Box 4189, Lancaster, Ca. 93539; C&D, Western Drafts, Checks, Exchanges. 6456 Larry R. Kinney, P.O. Box 71127, Seattle, Wa. 98107; C&D, Foreign Banknotes. ''6457 Stanley S. Jez, 5 Saunders Street, Lawrence, Mass. 01841; C, Confederate & Obsolete. 36458 Larry Cutler, P.O. Box 3351, Daly City, Ca. 94015; C. /6459 Kenny R. Johns, 50 Currie Ave., Jackson, Tenn. 38301; C, U.S. Nat. Curr.—Tenn.—Obsolete. ,646a Stanley R. Berkowitz, 47 Prentice ., ewton Centre, Ma. 02159. „6461 James E. Freeman, Jr., Box 309, Anderson, Indiana 46015; C, Indiana Bank Notes. ._.64,6-4.447—Aka-rd-Fter-4-7P-r0-.--Box-1000T,MifiElefts:Nev-aela4,.9501-1-C&DT V6463 John Wixson, 1106 Heatherloch Drive, Gastonia, N.C. 28052; C, U.S. National Bank Notes & China. ( ,,6464 Herbert H. Booker 2nd, 7777 Beach Blvd., Buena Park, Ca. 90620; C, World Bank Notes. //6465 William J. Reid, 819 Edison, Philadelphia, Pa. 19116; C, World Bank Notes. ( 6466 Alan Goldsmith, P.O. Box 740291, Houston, Texas 77274; C&D, Nationals, Texas Obsoletes, MPC. 6467 Janet Swartzlander, 9 Culpepper Rd., Williamsville, N.Y. 14221. 6468 Tom Kanawyer, 9221 Heatherdale Dr., Dallas, Texas 75243; C&D, Jap Invasion & World Paper. v 6469 Alexander J. Barna, P.O. Box 189, Broomall, Pa. 19008; C&D, U.S. Large, Small & Fractionals. Page 80 Paper Money Whole No. 104 moneymart Paper Money will accept classified advertising from members only on a basis of 5e 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. I, 1982 for Jan. 1983 issue). Word count: Name and address will count as 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, SI SC, U.S. obsolete. John W. Member, 000 Last St., New York, N.Y. 10015. (22 words: $I: SC: U.S.: FRN counted as one word each) HAVE BEAUTIFUL OLD UNITED States government revenue certificates over a hundred years old starting at $1.50 on up. Also buy these. Frank Sprinkle, 304 Barbee Blvd., Yaupon Beach, Southport, NC 28461 (106) WANTED: FIRST TWELVE ISSUES and whole numbers 29 and 30 of Paper Money, second (pink, 1969) edition of Cris- well's North American Currency (will purchase or trade first edition plus cash), Connecticut banking and currency histories, 6 1/4c Connecticut fractionals. Robert Galiette, P.O. Box 288, Avon, CT 06001. WANTED: MAINE OBSOLETE notes in any denomination on the Kathadin Iron Works. Always interested in buying Maine Nationals. Write to E.B. Overlock, 398 San Jose, Winter Haven, FL 33880. SPMC #78. BUYING MILITARY PAYMENT Certificates (MPC's) in strictly crisp uncirculated (CU) condition only. Present re- quirements are Series #471 - $10.00 and Series #521 - $10.00. Will not be outbid. N.L. Imbriglio, P.O. B. 399, Oakhurst, NJ 07755 (107) WANTED TO SELL CURRENCY cards or trade for those not possessed. List for SASE. Burkett, 1475 Rubenstein Ave., Cardiff, CA 92007 (106) MARYLAND OBSOLETE CURRENCY, scrip, checks wanted. Dealer lists OK. Will pay cash, trade for coins, or combination. Prefer photocopies. Howard Cohen, Drawer CP160, Manhattan Beach, CA 90266 (107) WANTED: LARGE OR small bank notes and obsoletes of Belleville, Illinois and area. Oren E. Cannady, 1210 Western Ave., Belleville, IL 62221. MINNESOTA LARGE AND small wanted. Particularly need Osakis #6837, all Mankato banks, others. Please describe and price. Patrick Flynn, 122 Shadywood Ave., Mankato, MN 56001 (113) NATIONAL CURRENCY, over 300 different duplicates to sell or trade. SASE brings list. J.S. Apelman, Box 283. Cov- ington, LA 70434 (107) CHANGEOVER PAIRS WANTED: any two consecutively numbered notes from two different series before 1950. I especially need pairs from Boston, Cleveland, Richmond, Minneapolis, St. Louis, and Dallas. I want any FRN, SC, or USN pair; Star or high denomination pair. When writing state all information including serial numbers and front and back plate numbers. Even if you don't want to sell, I'd appreciate information on any pair that is not listed in the 1982 GSO. Confidential, of course. Please write David Klein, P.O.B. 120, Fairfield, CT 06430 (107) MISSOURI CURRENCY WANTED: large size Nationals, obsolete notes and bank checks from St. Louis, Maplewood, Clayton, Manchester, Luxemburg, Carondelet and St. Charles. Ronald Horstman, Route 2, Gerald, MO 630337 (106) BUYING NATIONALS AND type notes. Particularly need Nationals from northern and central California for my per- sonal collection. A few notes for sale as well. Send for a free price list. William Litt, P.O. Box 4770, Stanford, CA 94350 (104) WANTED: ALL PRISON scrip. Some N.J. material also. Please describe and price. Jerry Zara, P.O. Box 248, Brick, NJ 08723 (106) TOP PRICE (OR trade) for $1 1935D W/N pairs. I need blocks UE, VE, WE, DF, HF, UF, LG, *B, and *C. Write David Klein, Box 120, Fairfield, CT 06430 (107) WANTED: HOOPESTON, ILLINOIS National Currency notes charter number 2808, 9425, 13744. Also National Cur- rency notes from The First National Bank of Milford, Ill. charter number 5149. Write to Mike Fink, 504 E. McCracken, Hoopeston, IL 60942 (108) WANTED: ILLINOIS NATIONALS—Carmi, Crossville, Enfield, Grayville, Norris City, Fairfield, Albion, Dahlgren, Omaha, New Haven. Price and Xerox appreciated. Pete Fulkerson, 510 W. Commerce, P.O. Box 126, Grayville, IL 62844 (108) SOUVENIR CARDS WANTED: SPMC, IPMS and ANA souvenir cards cancelled at show of issue. Will buy or trade. Send photocopy and price/trade desired. Thanks! Ken Barr, P.O. Box 32541, San Jose, CA 95152 (106) WANTED: OBSOLETE NOTES of the Merchants and Planters Bank of Savannah, Georgia. Also, interested in any other material or information on this bank. Gary Hacker, 2710 Overhill Rd., Pekin, IL 61554 (106) WANTED: VIRGINIA OBSOLETE notes all types, Bank city, county, National, scrip. Describe notes. Corbett B. Davis, 2604 Westhampton S. W., Roanoke, VA 24015 (105) WANTED: OKAWVILLE, ILLINOIS National Currency (charter 11780 only) type one $10, type two $10 and $20. Sam Johnson, 1113 N. Market, Sparta, IL 62286 (106) WANTED: OBSOLETE NOTES and scrip of Pittsburgh, Allegheny, and Birmingham, PA. Also notes with mining vignettes. Please describe and price. Jerry Dzara, Box 35412, Tucson, AZ 85740 (106) WANTED: VOLUMES 1-3 Paper Money. I collect Nebraska obsoletes. Nationals, post cards, railroad schedules, and books. Please send copies and prices. A.A. Armstrong, Jr., 211 W. 39, Scottsbluff, NE 69361 (110) Paper Money Whole No. 104 Page 81 STAR NOTES LARGE wanted. Send Xerox copy and price. Fred Pitkof, 852 Kailas Court, Valley Stream, NY 11580 (107) CONFEDERATE OR CSA counterfeits: buy or trade. Marty Sidener, P.O. Box 932, Carrollton, TX 75006 (106) WANTED: WOLFEBORO, NEW Hampshire notes. Also spelled Wolfboro and Wolfeborough. Obsolete and national currency, all issues and varieties for personal collection. Dave Bowers, Box 1090, Wolfeboro, NH 03894 (104) WANTED: CU $1.00 FRN with serial #05041981 or 09221978. James E. Lund, Route 7, Box 726, Alexandria, MN 56308 (106) I AM ACTIVELY buying Rhode Island colonial, obsolete, and scrip for my personal collection. Please describe and price. All conditions considered. Roland Rivet, Box 242, Ashton, RI 02864-0242 (108) ILLINOIS NATIONALS WANTED: Chester #4187, Dahlgren #7750, Dongola #10086, Equality #6978, Fairfield #5009 & #6609, Johnston City #7458, Jonesboro #12373, Mounds City #7443, New Douglas #13696, New Haven #8053, Omaha #10291, Ullin #8180, C.E. Hilliard, 201 E. Cherry, Winchester, IL 62694 (106) WANTED: WAUSEON, OHIO notes #7091, Bowling Green, Ohio notes, #4045. Any other NW Ohio notes. Lowell Yoder, Box 100, Holland, OH 43528 (419-865-5516) (110) I COLLECT CALIFORNIA, Nevada, Alaska, Hawaii and all other Western stocks, bonds, checks, drafts. Please sell to me! Ken Prag, Box 531 PM, Burlingame, CA 94010 (phone 415- 566-6400). (119) TENNESSEE NATIONALS WANTED for my personal col- lection. Especially need first and second charters. largest prices paid. Jasper Payne, Box 3093, Knoxville, TN 37917. (113) TOMS RIVER, NEW Jersey wanted: also other Ocean County notes from Barnegat, Bergen Iron Works, Burrsville, Cedar Creek, Nev.. Egypt, Tuckerton, Goshen, Manchester (Torrey scrip). Describe and price, trades available. Bob Mitchell, 629 Monmouth Way, Winter Park, FL. 32792 (105) WANT SCARCE MINNESOTA Nationals like: Aurora, Big Lake, Fertile, Fulda, Grand Meadow, Iona, Lake City, Le Sueur, Le Sueur Centre, Little Fork, Melrose, Motordale, Red Lake Falls, Richfield, Tracy—plus many more better ones. Please write with description, price. I'll pay top $$$$. Gary Kruesel, Box 7061, Rochester, MN 55903 (105) WANTED: WAUSEON, OHIO notes #7091. Also interested in other northwestern Ohio notes. Lowell Yoder, Box 100, Holland, OH 43528 (110) WANTED: TEXAS LARGE Size Nationals in average cir- culated condition to gems, when priced right. No laundered or doctored notes, and no late date signatures. Chas. R. Crad- dock, 618 West Parker, Houston, TX 77091 (104) INTEREST-BEARING OBSOLETES wanted, all states. Also vignetted pre-1880 checks, drafts, bills of exchange. No blanks. Brian Mills, 56 The Avenue, Tadworth, Surrey KT20 5DE England (104) WANTED UNCUT OR partial sheets of Fractionals, Na- tionals, large currency, small currency (no 1976, 1981) any condition. Please describe thoroughly and price. Graeme Ton, 203 47th St., Gulfport, MS 39501 (105) WANTED: AUTOGRAPHS, STOCKS, bonds, checks, financial paper, broken banknotes. Mark Vardakis, Box 327, Coventry, RI 02816 (ph. 401-884-5868). (105) WASHINGTON STATE NATIONALS wanted. Interested in all large and small issues. Send Xerox copy and price. Write Jim Sazama, P.O. Box 1235, Southern Pines, NC 28387 (105) WANTED: SYCAMORE, DEKALB & Malta, Illinois Na- tionals. Large and small size needed. Also Sycamore, Ohio & DeKalb, Texas, Bob Rozycki, Sycamore Coin Gallery, 358 W. State, Sycamore, IL 60178 (107) WANTED: 1929 FRBN (Brown Seal) $5.00 San Francisco. CU only. J. Ryman, 70 Remsen St., Cohoes, NY 12047. (105) BUYING SPECIAL NUMBERS, any small size $1.00 notes F-CU having date this century such as A03281926B or E12061991A, etc. Write or ship for offer. Bill O'Brien, Jr., 63 Braemar Drive, Wayne, NJ 07470 (107) GENUINE STOCK CERTIFICATES. List SASE. 50 differ- ent $19.95. 100 different unissued $22.95. 100 different used without pictures $24.95. 50 different with 50 different pictures $34.95. 1 to 100,000 wanted. Hollins, Box 112-P, Springfield, VA 22150 (112) NATIONAL BANK NOTE CATALOG (Continued from Page 65) Given the total numbers of notes printed and a good sampling of what has survived in collectors' hands, it became possible to deter- mine a realistic rarity for each state and for each bank within a state. Armed with this information, it has become practical to determine exactly the value base for all notes in all conditions from every state. The valuations presented in this book are the work of Dean Oakes of Iowa City, Iowa, one of the leading paper money dealers in the nation, and John Hickman's business partner. Dean used a com- bination of known market values and computer technology to create a basic set of values for every National Bank Note. Then he per- sonally undertook the lengthy process of fine-tuning these values to realistic market conditions. Collector and dealer alike are offered the first meaningful price guide to National Currency. The book deals only with banks that actually issued notes- 12,544 of the 14,000 chartered national banks in the period 1863-1935. So you no longer have to look for notes on banks that were never issued. The total number of issuing banks listed is brought to more than 13,000 with the unique detailing of banks which had a common charter number but changed names. The catalog is arranged so you can find your note quickly by turning directly to a state chapter that is listed alphabetically, as are the cities and towns within a state. All notes issued by a bank are then listed in sequential order giving serial number ranges, quantity printed and the value in three grades. The comprehensive introduction contains information that up to now has been scattered in various places. In addition, all the various types of notes are illustrated and each state chapter features selected illustrations of scarcer notes. Page 82 Paper Money Whole No. 104 BRIGGS' COIN & CURRENCY, INC. MAIL BID SALES CONSIGNING: 1. It's so easy to consign to one of our Mail Bid Sales. Just send your material to us by registered mail or call us collect. We would be glad to discuss your consignment with you. 2. We have what we consider to be the lowest commission rates in the business! We charge from a minimum of 7% to a maximum of 15% to our consignors. 3. Your material will be placed in front of a large population of serious collectors and investors and will be extensively advertised in many major trade publications. 4. Your material will be represented in a quality catalog which contains high quality photographs and is fully illustrated. 0-1-"` o 615 BIDDING: ratik- ry 1. Bidding in our sales is quite simple. If you are not on our mailing list, simply fill out the attached order form and we will send you a catalog when they are available. 2. Bid the maximum amount that you would pay for a particular note. Chances are that you will receive it for less! We charge the winning bidder a 5% advance over the second highest bidder. A high percentage of our mail bidders receive their winning lots for less than they bid! 3. Our catalogs are as fine a quality as any other in the field. 4. No buyers fees charged! 5. Over 30 years of combined knowledge and experience in the U. S. paper currency field. MEMBERS: ANA NASC 6983 BROCKTON AVE. SPMC CPNA RIVERSIDE, CA. 92506 JERRY BRIGGS CSNA SIN (714) 684-7473 TERRY VAVRA FUN NAME ADDRESS CITY: STATE: 7IP• Please place my name on your MAIL BID SALE mailing list. I have enclosed $4.00 for a copy of your MAIL BID SALE CATALOG Paper Money Whole No. 104 Page 83 NATIONALS AND A FEW TYPE $1.00 Original Second National Bank of Watkins, New York, #456 not on note, autographed inconspicuously by J.N. Houston, treas- urer, $984.00 out in 1910, a nice addition to any collection, bright XF + , priced to sell at $745.00 $5.00 Brown back, Saint Paul National Bank #3129, original and CH CU except for light fold left lower corner not in design, $840.00 out in 1910, very scarce, president's signature, W.J. Paul $825.00 $5.00 Brown back, First National Bank of Attleboro, Mass. #2232, un- circulated, hard to find UNC Brownbacks under $700.00 $675.00 $5.00 Red Seal Second National Bank of New Haven #227, difficult to find CH CU Red Seals, selling at $1250.00 $10.00 1902 Plain back, Farmers National Bank of Taylorville, Illinois #5410, F-VF better Illinois note, priced to sell quickly at $115.00 $5.00 1902 Farmer's National Bank of New Holland, PA #8499, Natural VF, only $2230.00 out on this scarce bank, reduced to $175.00 $10.00 1902 Plain back First National Bank of Waynesboro, PA #11866, Chartered bank, legible stamped signatures, bright XF $135.00 FR 39 $1.00 1917 Legal seven consecutive notes, R31158109A- R31158115A, unmolested, bright, better than average centering AU-CU $795.00 Over 500 Notes in Stock — Want Lists Welcomed! Alex Perakis Coins and Currency A Name You Will Hear A Lot About P.O. Box 931, Media, PA 19063 Call anytime 'til 11:00 P.M. 215-565-1110 or 215-566-5981 ANA SPMC PMCM GSNA FUN MSNS U.S. Proof Note Rarities To Cross Auction Block ANA Cara Ns If Olers Stmulard :idotog t 'NITEI) STATES PA PER MONEY Standard Catalog of United States Paper Money 2nd Edition by Chester Krause and Robert Lemke $14.50 postpaid Page 84 Paper Money Whole No. 104 Instant Access To Paper Money Information Featuring The Hobby's Premier Lineup Of Publications Bank Note Reporter Recommended for active collectors! You can search, but you won't find a publication better suited to your needs than Bank Note Reporter. Hobby news, value guides, events calendar and lots of trustworthy advertising are served up fresh each month. BNR writers include some of today's most knowledgeable scholars and researchers. Articles in BNR run the gamut from National Bank Notes and Obsoletes to Stock Certificates. With its Washington-based correspondent, BNR will be your eyes and ears at the Bureau of Engraving and Printing and on Capitol Hill. If you want a steady flow of hobby news, along with fresh advertising and historical facts about the notes you collect, you should be receiving Bank Note Reporter. Get maximum hobby enjoyment! $11 for a one year (12-issue) subscription. $15 for non-U.S. addresses. Standard Catalog of National Bank Notes 1st Edition By John Hickman and Dean Oakes $75 postpaid Here you have what might be the hobby's most detailed examination of a single area ... certainly it's the most detailed survey of National Bank Notes! In 1,216 pages you'll have valuations and facts for approximately 50,000 National Bank Notes circulated by over 10,000 banks (1863-1933). Veteran researchers John Hickman and Dean Oakes, combining over 45 years of study in the National Bank Note area, have personally examined over 100,000 of these surviving notes. Their efforts have culminated in this monumental catalog — truly one of the great reference works our hobby has ever seen. If your goal is to fully understand, enjoy and profit from collecting National Bank Notes, this catalog will be a vital addition to your research library. Important features: Each state has been given a rarity rating from 1 to 10, and every bank within a state has a rating from 1 to 6 ... know at a glance how rare your notes are! This is the most comprehensive catalog available for collectors of small-size currency. Noted author and specialist Chuck O'Donnell has done the leg work for us with this extensive research in the Treasury Department archives and the Bureau of Engraving and Printing. Presented are complete lisings and market values for all small-size issues from 1928-1981. Important coverage for all issued serial numbers since the skip-numbering of certain issues began in the 1970's is also included. Plus a bonus . . . details for rare and valuable mules, trial and experimental issues — once the domain of a few select researchers — will be at your fingertips. Catalog has 336 pages. Important fact: Over 14,000 serial number blocks and groups are recorded in date-within-denomination sequence. If you rose above our hobby for a moment, and looked down, you'd get a feel for the scope of this catalog. Here is a comprehensive over-view of all currency issues of the United States — more than 120 years of official and quasi-official paper money. Presented for visual aid are over 525 original photos, covering all types and major varieties. Over 3500 currency items are valued according to current market conditions. Attesting to its thoroughness, this catalog provides an illustrated guide to Fractional Currency, Encased Postage Stamps and Postage Stamp Envelopes. Hobby veterans will appreciate this catalog for the fast access it gives to all areas of our hobby. Though less detailed than the other catalogs offered, it will provide easy-to-get-at researching and pricing data for non-specialty areas. Important feature: Over 13,000 note-issuing National Banks are listed alphabetically, by city ... know instantly whether a city issued currency! These catalogs and Bank Note Reporter are available from Krause Publications. Send your orders directly to us, at the following address . . krause publications 700 E. State St., Iola, WI 54990 31 years of serving collectors with superior hobby publications Standard Handbook of Modern United States Paper Money 7th Edition by Chuck O'Donnell $15 postpaid Standard Handbook of modern United States Paper Money Paper Money Whole No. 104 Page 85 THE NEGOTIABLE SHIRT! MADE OF GENUINE U.S. ONE DOLLAR BILLS COMPLETE WITH PEARL BUTTONS PLEATED FRONT • • • "GREEN" OF COURSE • • • $ 16? ° PPD. PA. RESIDENTS ADD 6% THE NEGOTIABLE SHIRT MADE OF 2.00 BILLS $22.00 5.00 BILLS $40.00 MONEY MINIATURES DRAWER 395 BALA CYNWYD PA. 19904 TEL: 215-667-2634 Page 86 Paper Money Whole No. 104 WANTED TO BUY: NEW HAMPSHIRE NATIONAL BANK NOTES 1929 Series Type One and Type Two I would like to purchase one each of the following 1929 series National Bank Notes from the state of NEW HAMPSHIRE. Please advise the City—Charter Number—Denomination—Type—Grade—Serial Number—and Price. YOU MUST STATE YOUR ASKING PRICE FOR EACH NOTE. I will advise you of the notes I can use per your received listing. Payment will be sent upon receipt and satisfactory inspection of each note. Please do not ask for advance payment. Trade and Banking references gladly given on request. You may ship direct without listing per the above, but you must list your asking price for each note. Thanks. 1929 Tv One 1929 Tv Two 1929 Tv One 1929 Tv Two TOWN Ch # Denomination Denomination TOWN Ch # Denomination Denomination Berlin 4523 5 Lakeport 4740 5-10-20 10-20 Berlin 5622 10 Lancaster 2600 5-10 5-10-20 Berlin 14100 /0 Lebanon 808 10-20 10-20 Bristol 5151 10 10-20 Littleton 1885 10 10 Charlestown 537 5-10-20 5-10-20 Manchester 574 5 20 5-10 Claremont 596 5 20 Manchester 1059 20 5-10-20 Claremont 4793 5 /0-20 Manchester 1153 5-10 Claremont 13829 5-10 Manchester 1520 10-20 Colebrook 4041 5 5 Milford 1070 5 20 5-10-20 Colebrook 5183 /0 Nashua 1310 5 20 Concord 318 5-10 50-100 5 20 Nashua 2240 5 5-10-20 Concord 758 5-10 50 5-10-20 New Market 1330 5-10 5-10-20 Concord 2447 5 20 Newport 888 5 -10 5-10-20 Derry 499 10-20 Newport 3404 5-10-20 5-10-20 Dover 5274 20 Peterborough 1179 5-10-20 5-10-20 East Jaffrey 1242 5 10 Plymouth 2587 20 10 Exeter 12889 5 5-10-20 Portsmouth 19 10 20 Farmington 2022 10 Portsmouth 401 5 Farmington 13764 5 20 Portsmouth 1052 5-10 5-10-20 Franklin 2443 20 20 Rochester 11893 5 5-10-20 Gorham 9001 5-10 Rochester 13861 5-10-20 Groveton 53/7 10-20 10 Somersworth 1180 5-10 5 20 Hanover 1145 20 10-20 Somersworth 1183 10-20 5-10-20 Hillsborough 1688 20 10-20 Tilton 1333 20 5-10-20 Keene 559 5 20 5-10-20 West Derry 8038 10-20 10-20 Keene 877 5 5-10-20 Wilton 13247 5 5 20 Keene 946 5 20 5-10-20 Winchester 887 5 20 5-10-20 Laconia 1645 5-10-20 Wolfeboro 8147 20 /0-20 Laconia 4037 10-20 10-20 14 'o odsville 5092 10 5 If you have any of the above notes (or any whet N.H. Nationals both large and small) I would like to hear front you as I am attempting to produce a listing of the surviving New Hampshire Nationals. If you have notes to sell, please advise per the above method, if you have material that you currently do not wish to sell but would like to assist in the data accumulation, please advise Town-charter #- type denomination- serial number- N or No N charter # prefix and condition, or better yet include photostat and I will reimburse photo cost. Mailing address: Richard D. DollQff 116 State Street (use P.O. Box 719) Portsmouth, New Hampshire 03801 Tele: 603-436-0332 11-5 except Wed/Sun ST. LOUIS, MISSOURI NATIONALS WANTED Need Large Size Notes from the following banks for personal collection: Charter # Name Charter # Name 89 First N.B. 5788 Mechanic's N.B. 139 Second N.B. 6773 Washington N.B. 283 Fourth N.B. 7570 American Exchange N.B. 1112 St. Louis N.B. 7808 City N.B. 1381 Union N.B. 9297 Mercantile N.B. 1501 Merchant's N.B. 9460 Broadway N.B. 1665 N.B. of the State of MO 12066 Security N.B. Savings & Trust 1858 Valley N.B. 12220 Missouri N.B. 2835 Fifth N.B. 12220 Grand Avenue N.B. 4232 N.B. of the Republic 12220 Grand N.B. 4262 Laclede N.B. 12389 Telegraphers N.B. 4575 Chemical N.B. 12506 American Exchange N.B. 13726 American Exchange N.B. SMALL SIZE If you have notes and prefer not to sell them, I would appreciate any information you would care to pass along for reference purposes. Bob Cochran 13001 Hollenberg Drive Bridgeton, MO 63044 (314) 344-5100 Nobody pays more than Huntoon forAnizaula, 'WYOMING 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 Paper Money Whole No. 104 Page 87 WANTED! Xerox copies of any MISSISSIPPI obsoletes not listed in Leggett's "Mississippi Obsolete Paper Money and Scrip". This is a SPMC sponsored project, the results of which will be published in "PAPER MONEY" as a supplement to the original book. Send Xeroxes to: L. Candler Leggett P. 0. Box 9684 Jackson, MS. 39206 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 30369 Cleveiand, Ohio 44130 216-884-0701 Page 88 Paper Money Whole No. 104 Send $1.00 For Our 20-Page Price List Of CONFEDERATE AND OBSOLETE NOTES, BONDS AND STOCKS A-Z Cipaqcial Americana Limited LAWRENCE MARSH, PRESIDENT 1416 SOUTH BIG BEND BLVD. ST. LOUIS, MISSOURI 63117 314-645-3489 I. NELSON CLARK * NOTALIST * MEMBER ANA SPMC U.S. CURRENCY (BUY & SELL) • Type Notes • Nationals • Gold Certificates (714) 761-3683 10455 SANTA MARTA ST. CYPRESS, CA 90630 B CL N AR K S K ° L N T S E L S I WANT YOUR WANT LIST! Paper Money Whole No. 104 Page 89 For Sale SUPER COLLECTION OF MINNESOTA NATIONALS 520 Notes Total—as follows: 402 Small Size Notes 118 Large Size Notes 229 Banks 174 Towns Plus 4 Obsoletes, one very scarce. $6,143.00 total face value. No breaking up of notes. If interested, write or call for more information. MARCO BIONDICH 411 Indiana Ave.—Box 34 Gilbert, MN 55741 218-749-4176 Still Buying Scarce Minnesota Nationals! COLONIAL NOTES Conn. 40 Shillings, July 1, 1775, X.F $ 50.00 Conn. 2 Shillings, June 7, 1776, Unc 85.00 Del. 20 Shillings, Feb. 28. 1746, Good 48.00 Mary. $2/3 April 10, 1774, Unc 36.00 Mary. $6.00 Aug. 14, 1776, V.F. 20.00 New J. £6 April 10, 1759, Fine 75.00 New J. 1 Shilling, Dec. 31, 1763, Unc. 130.00 New J. £3 March 25, 1776. A. Unc 125.00 New J. $4.00 June 9, 1780, Fine 70.00 N. Car. $5.00 Aug. 8, 1778, Fine 60.00 Penna. 20 Shillings, May 1, 1760, V.G 50.00 Penna. 50 Shillings, April 10, 1775, Unc. 160.00 Penna. 18 Pence, Oct. 25, 1775, Unc 77.00 R. Isl. 6 Shillings, May, 1786, A. Unc 26.00 S. Car. $50.00. Feb. 8, 1779, X. F 165.00 Va. $15.00, Oct. 7, 1776, Unc 85.00 Va. $15.00, May 5. 1777, V.F. 55.00 Mass. 1sh. 6d., 1779, V.F. 95.00 Mass. $2.00, May 5, 1780, V.F. 28.00 Many others in stock, including obsolete, scrip, Nationals, foreign. Also want to buy. RICHARD T. HOOBER P.O. Box 196, Newfoundland, Penna. 18445. MUST BUY NATIONALS AND LARGE TYPES FOR OUR MAIL BID AUCTIONS Also take consignments - Lowest commission anywhere SHIP - WRITE - CALL — 1-502-895-1168 Bi-Monthly auctions. About 700 - 800 lots. Write for FREE list. Member: SPMC, ANA, BRNA, CENTRAL STATES And the States of Ala., Cal., Fla., III., Iowa, Mo., Tenn., Wis., L/M & President Kentucky State. "ED'S CURRENCY" P. 0. Box 7295 Louisville, KY 40207-0295 WOLFEBORO! WOLFEBORO! WOLFEBORO Help me! For a long time I have been advertising for obsolete currency as well as national bank notes from Wolfeboro, New Hampshire. (Also spelled Wolfboro and Wolfeborough on early notes). As yet, while I have heard sev- eral times that, "I had one but sold it to someone else last week", I have been able to track down very few of them. So, do what you can! Also want eeneral obsolete currency pre-1865 from other New Hampshire towns. My collection is just beginning, so at this point I can use just about anything and everything! Dave Bowers Box 1090, Wolfeboro, N.H. 03894 (603)569-5095 Page 90 Paper Money Whole No. l04 6-4~104■40.0-0 C■414•Z GNAW& eitA007 SCNA ANA Confederate & Obsolete Notes BUY-SELL-APPRAISALS 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 EARLY AMERICAN NUMISMATICS ()I - 2- 2 00-18 COLONIAL & CONTINENTAL CURRENCY We maintain the LARGEST ACTIVE INVENTORY IN THE WORLD! SEND FOR FREE PRICE LIST SP! ( 1.111/1\l. IN Stitt I( LS. qEARLY AMERICAN NUMISMATICS q Ulna Lined q I' (I Its 2—() q Ali, )111.a. (Tr (5 -, i()I q ()I — 2 - 2 ou 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 933 P. 0. Box 2283 Prescott, Ariz. 86302 Phone (602) 446-2930 Member of. ANA, PMCM BRNA SPMC 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- tensice list of notes for $1.00. refundable with purchase. i■rause publication. ANN & HUGH SHULL P.O. BOX 712 LEESVILLE, S.C. 29070C POWER SERVICE AWARD 803/532-6747 rep '4■444.-0 cow., Advertise In Bimonthly Publication Official The Society of Paper Money Collectors, Inc. IAN A. MARSHALL WORLD PAPER MONEY A-Z (AFRICA A SPECIALTY) P.O. BOX 537 THORNHILL, ONT. CANADA L3T 2C0 Bi-Monthly Retail • Wholesale Lists FREE LISTS FLORIDA NOTES WANTED ALL SERIES P.O. BOX 1358 WARREN HENDERSON VENICE, FLA. 33595 WANTED OBSOLETE PAPER MONEY r (Bank Notes, Script, Warrants, Drafts -4—ril 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. Ilk_ P.O. DRAWER 706, ROCKVILLE CENTRE, N.Y. 11571. a Paper Money Whole No. 104 Page 91 1872 TYPE II $500 (#9) $495 1867 TYPE I $50 (rare) $185 $100 $165 1876 TYPE III $1000 (#81 out of 81 issu- ed, with Gov. B. F. Potts sig.) $595 $1 FEDERAL RESERVE SETS SALE Superb Crisp New Complete Sets. MIS-MATCHED ERRORS 1957 B $1 Silver Certificate The Serial Nos. start with 10 07o Discount on order over $200.00 for any of the U37 & U47, Crisp New $57.50 following $1 F.R. sets (Except when shown "NET") 1977 A $5 Federal Reserve The Serial Nos. Start with Regular Sets Star Sets L445 & L455, Crisp New 77.50 1963 (12) 31.95 (12) 33.95 SUPERB UNCUT SHEETS 1963A (12) 30.95 (12) 32.95 1963B (5) 14.95 (4) 16.95 CANAL BANK, LA Sheet (2): $500.00; $1,000.00 1969 (12) 24.95 (12) 30.95 Crisp Nev, $105.00 1969A (12) 24.95 (11) 29.95 FLORENCE BANK, OMAHA Sheet (4): $1 - $1 - $3 - 1969B (12) 23.95 (12) 29.95 $5 Cr. New 110.00 1969C (10) 21.95 (9) 49.95 Add $3 for 1st Class Ins'd. Charge 1969D (12) 23.95 (11) 27.95 FAMOUS WADE SALE 1974 (12) 22.95 (12) 27.95 1977 (12) 21.95 (12) 26.95 BEBEE'S 1956 Sales Catalogue of the Great James M. Wade 1977A (12) 21.95 (12) 25.95 Collection © Prices You'd Hardly Believe. Yours for only 1981 (12) 19.95 - - (Postpaid) 5.00 Any Above Set - With last Two Serial No. Matching add $2 Per Set. SPECIAL OFFER 1963/81 all 11 Sets (NET) 239.95 Last 2 NOS. MATCH (NET) 259.95 1963/77-A all 11 STAR sets (NET) 294.95 Last 2 NOS. MATCH (NET) 314.95 1976 $2 F.R. 5ET Set (12) Crisp New. The Last Two Nos. Match. Ppd. $33.95 Similar Set (12) - Serial Nos. do not Match. Only Ppd 30.95 1976 $2 STAR SET Set (11) Crisp New Lacks District 8 ppd $76.95 "Pronto Service"Phone 402-451-4766 Omaha. Nebraska 681114514 North 30th Street LIBRARY SPECIALS KRAUSE/LEMKE'S NEW 2nd ED. "Standard Catalog of U.S. Paper Money" . . . A MUST for collectors & Dealers. (With Order $11.75) $14.95 O'DONNELL'S NEW 7th Ed. "Standard Handbook of Modern U.S. Paper Money" Revised and Enlarged. (With Order $12.50). 15.00 KRAUSE/LEMKE 2nd Ed. FREE with $250.00 Order (April, May Only). Send 50(f for 1983 Bargain List (Free W/Order). ANA Life #110, ANS, PNG, SPMC, Others. Try Bebee's-Leading Paper Money Specialists Since 1941. MONTANA TERRITORIAL BONDS (as featured in June and August Paper Money) 106:'" All bonds shipped ppd. with 7 day return privilege. Also interested in purchasing Western Paper material. Please offer what you have for sale. SOUTHLAND COINS & CURRENCY Lou Rasera SPMC 4773 Box 403, Woodland Hills, Ca. 91365 (213) 348-5275 Page 92 Paper Money Whole No. 104 AN INDEX TO PAPER MONEY Volume 21, 1982 Nos. 97, 98, 99, 100, 101, 102 Nu. Page ALASKA Walrus skin money. Illus. Ted Uhl. 97 20 AUCTION PRICES REALIZED Medlar's Inc. Sale Sept. 25-26, 1981 97 24 NASCA Sale, Sept. 10-12, 1981. Illus. 97 24 AWARD WINNERS Awards to paper money people at ANA 82. Illus. 102 274 Julian Blanchard Memorial Award. Gene Hessler. 102 274 Nathan Gold Memorial Award. Peter Huntoon. 102 273 SPMC Award of Merit. Dean G. Oakes 102 273 SPMC Literary Awards. 1st. Peter Huntoon. 2nd. John Glynn 102 273 BANK NOTE ENGRAVING AND DESIGNING Early engravings of Andrew Jackson and their bank note and stamp applications. Illus. Craig J. Turner. 101 203 William Rollinson, engraver of bank notes. Illus. William J. Harrison 98 70 BANKS AND BANKERS Robert Morris and the 200th anniversary of the Bank of North America. Illus. Gene Hessler. 100 151 The tragic failure of the Cheyenne National Bank. Illus. Peter Huntoon. 102 265 BROKEN BANK NOTES (SEE OBSOLETE NOTES) BUSINESS COLLEGE CURRENCY College currency--III. Illus. Robert H. Lloyd. 98 51 Carter, Mike. Fisk Mills' postal currency envelope. Illus. 100 159 Florida Nationals, charted and illustrated. Illus. 98 75 COLLECTORS AND COLLECTING Grading the bottom end. Illus. Wendell Wolka. 101 215 The life and numismatic collection of Nicolas Marie Alexandre Vattemare. Illus. Martin T. Gengerke & Gene Hessler. 100 166 Colver, Charles G. Brown back National Bank Notes—an incredible pair. Illus 100 168 COUNTERFEIT, ALTERED AND SPURIOUS NOTES Counterfeit Capers. 100 179 102 279 Louis Hill says he thinks new bills dangerous currency. 97 29 Photocopy counterfeits. 97 10 Post-World War II counterfeiting of U.S. currency in China 101 227 School for counterfeiters. 99 123 Curton, James J. Syngraphic exonumia—a most unusual bus ticket. Illus. 102 271 Daniel, Forrest W. DeKalb National Bank skipped second charter. Illus. 102 255 State bank notes for Tennessee in 1893? 100 183 Durand, Roger H. Interesting notes 'bout interesting notes. An ostentatious signature. Illus. 97 19 The president's prerogative. Illus. 98 80 Santa Claus scrip. Illus. 102 261 ENCASED POSTAGE STAMPS. New variety found. Illus. 101 236 ENGRAVERS AND LITHOGRAPHERS Early engravings of Andrew Jackson and their bank note stamp applications. Illus. Craig J. Turner 101 203 William Rollinson, engraver of bank notes. Illus. William J. Harrison 98 70 Falater, Lawrence First in, first out-3rd charter Nationals. Illus. 102 270 FOREIGN (WORLD) CURRENCY Argentine currency—pre-Falklands. 100 167 Canada currency—a backward look. Robert H. Lloyd. 100 176 Derivation of design on Indo-Chinese note. Illus. 101 231 The first flight from Lisbon to Rio de Janeiro, paper money iconography (Portugal). Illus. Lee E. Poleske 102 251 Money used by Polish officers in German prison camps in World War II. J. Glynn. Illus. 97 3 Musical notgeld tabulated. 98 69 The National Bank of Egypt: its foundation and first twenty years. Illus. Richard Kelly. 98 62 99 107 The National Bank of Scotland note. Illus 100 181 New book on Hong Kong wartime note. 102 264 Philippine examples of postal money orders. Illus. Peter Robin. 98 60 World Scene—review of catalogs on Australia, Malta and Malaysia. Jerry Remick. 99 127 Gengerke, Martin T. The life and numismatic collection of Nicolas Marie Alex- andre Vattemare (with Gene Hessler). Illus. 100 166 Glynn, John Money used by Polish officers in German prison camps in World War II. Illus 97 3 Grading the bottom end. Illus. Wendell Wolka 101 215 Harrison, William J. William Rollinson, engraver of bank notes. Illus. 98 70 Hawaiian banking in 1915. Illus. M. Owen Warns (with Robert Cohen). 97 15 100 156 Hessler, Gene The life and numismatic collection of Nicolas Marie Alex- andre Vattermare (with Martin T. Gengerke). Illus. 100 166 Like (step) father like (step) son. Ilus. 102 262 Robert Morris and the 200th anniversary of the Bank of North America. Illus. 100 151 The unique $1,000 interest-bearing Treasury Note of 1860 and an eclipsed President. Illus. 101 229 Hoober, Richard T. D.C. Wismer, obsolete note pioneer. Illus 97 8 Horstman, Ronald L. Kane's Arctic Expedition, the story behind an obsolete note vignette. Illus. 100 163 Huntoon, Peter The Paper Column Arizona territorials shipped after statehood. Illus. 97 13 Known errors and typos in "Territorials, a Guide to U.S. Territorial National Bank Notes." 101 220 National Bank Note reissues—a case study. 99 113 New data on $5 back plates 629 and 637, and their mules. Illus. 98 56 The tragic failure of the Cheyenne National Bank. Illus. 102 265 $20 Federal Reserve Note back plate 204 and other late- finished plates. Illus. 100 174 Hutchins, Rev. Frank H. Another variation in the fifty-dollar goldbacks. Illus. 102 279 Another variation in the later large size notes. 97 10 Another variety in the large size notes 101 227 Corrigendum corrigendi. 101 230 More corrigenda. 99 114 Interesting notes 'bout interesting notes. R.H. Durand. An ostentatious signature. Illus. 97 19 The president's prerogative. Illus. 98 80 Santa Claus scrip. Illus. 102 261 Kelly, Richard. The National Bank of Egypt: its foundation and first twenty years. Illus. 98 62 99 107 Latimer, Roman L. I saw an old friend today (New Mexico territorial National Bank Note). Illus. 100 178 Lloyd, Robert H. College currency III. Illus 98 51 Canada currency, a backward look. 100 176 Miller, Ray. THE SCRIPOPHILY SCRIBE. Barbara R. Mueller The debt funding of Montana Territory, a scripophilic study. Catalogs and publications. 97 18 Illus 99 99 Sonnenberg, William B. 100 170 What sort of person was he? (Amon Carter, Jr.) Illus. 102 278 101 222 SOUVENIR CARDS Mueller, Barbara R. ANA 1982 souvenir card 101 225 The Buck Stops Here 98 83 BEP Memphis '82 souvenir card. Illus. 100 162 The Scripophily Scribe 97 18 1981 souvenir card final sales results. 98 61 100 185 1982 souvenir card final sales results. 101 237 101 233 Sale of "Snipes" card error. Illus. 97 24 102 276 SPMC National Coin Week '83 has paper money theme. Illus. 102 272 Book Project Round-up Iowa obsolete listing released at Memphis. 100 185 NOTGELD Musical notgeld tabulated. 98 69 The Buck Stops Here. B.R. Mueller. 98 100 83 185 OBSOLETE NOTES 101 233 D.C. Wismer, obsolete note pioneer. Illus. R.T. Hoober. ... 97 8 102 276 Massachusetts. An ostentatious signature (John Hancock). Illus. R.H. Candid camera at Memphis 1982 paper money show. Durand. 97 19 Illus. 101 234 Meet the candidates for Board of Governors. Illus. 99 128 Missouri Kane's Arctic Expedition, the story behind an obsolete note Coming Events. 97 27 vignette. Illus. R.L. Horstman. 100 163 98 99 84 134 Rhode Island 100 187 The president's prerogative. Illus. R.H. Durand 98 80 Thousand-dollar proofs from the Smedley collection. 97 24 Interest Bearing Notes. 97 98 26 81 Tennessee 99 131 State bank notes for Tennessee in 1893? F.W. Daniel. .... 100 183 100 184 Vermont 101 232 The Vermont Glass Factory 1813-1817 and its notes. Illus. E. B. Overlock. 99 125 102 273 Library notes. 97 26 Overlock, E. Burnell 99 127 The Vermont Glass Factory 1813-1817 and its notes. Illus. ... 99 125 102 276 THE PAPER COLUMN by Peter Huntoon 1981 Souvenir card final sales results. 98 61 Arizona territorials shipped after statehood. Illus. 97 13 1982 Souvenir card final sales results. 101 237 Known errors and typos in "Territorials, a guide to U.S. Obituaries Territorial National Bank Notes." 101 220 Amon Carter, Jr. 102 278 National Bank Note reissues—a case study. 99 113 William J. Harrison. 102 279 New data on $5 back plates 629 and 637, and their mules. Francis C. Keith 98 81 Illus 98 56 Secretary's Report. 97 25 The tragic failure of the Cheyenne National Bank. Illus. .... 102 265 98 81 $20 Federal Reserve Note back plate 204 and other late- 99 133 finished plates. Illus. 100 174 100 188 Poleske, Lee E. 101 232 The first flight from Lisbon to Rio de Janeiro, paper money 102 277 iconography (Portugal). Illus. 102 251 Awards. 102 273 PORTRAITS ON NOTES SYNGRAPHIC EXONUMIA Early engravings of Andrew Jackson and their bank note and A most unusual bus ticket. Illus. J.J. Curto. 102 271 stamp applications. Illus. C.J. Turner. 101 203 Turner, Craig J. First flight from Lisbon to Rio de Janeiro (Gago Coutinho & Early engravings of Andrew Jackson and their bank note and Sacadura Cabral). Illus. L.E. Poleske. 102 251 stamp applications. Illus 101 203 Robert Morris and the 200th anniversary of the Bank of Uhl, Ted North America. Illus. Gene Hessler. 100 151 Walrus skin money. (Alaska). Illus. 97 20 Thomas Ewing and William T. Sherman—Like (step) father U.S. BUREAU OF ENGRAVING AND PRINTING like (step) son. Illus. Gene Hessler. 102 262 BEP uncut sheets data. 99 112 The unique $1,000 interest-bearing Treasury Note of 1860 and an eclipsed President (James T. Buchanan). Illus. Gene First and last notes from Bureau of Engraving and Printing 100 182 Hessler 101 228 packages. Illus. George H. Wettach. 99 105 POSTAL CURRENCY 101 236 Fisk Mills' postal currency envelope. Illus. Mike Carter. .... 100 159 U.S. LARGE SIZE NOTES—general articles The Postal Money Order—a neglected collectible. Some Philip- Information on large size star notes sought. 97 23 pine examples. Illus. Peter Robin. 98 60 Like (step) father like (step) son. Illus. Gene Hessler. 102 262 PRINTERS (see Engravers and Lithographers) GOLD CERTIFICATES Remick, Jerry Another variety in the large size notes. F.H. Hutchins. . 101 227 Review of new Australia, Malta and Malaysia area cata- Another variation in the fifty-dollar goldbacks. Illus. logues. 99 127 F.H. Hutchins. 102 279 Robin, Peter INTEREST BEARING NOTES The postal money order, a neglected collectible. Some Philip- The unique $1,000 interest-bearing Treasury Note of 1860 pine examples. Illus. 98 60 and an eclipsed President. Illus. Gene Hessler 101 228 SCRIP AND SCRIPOPHILY LEGAL TENDER ISSUES The debt funding of Montana Territory. Illus. Ray Miller. ... 99 99 Another variation in the later large size notes. Illus. F.H. 100 170 Hutchins. 97 10 101 222 More corrigenda. F.H. Hutchins. Corrigendum corigendi. F.H. Hutchins. 99 101 114 230 "The National Bank of Merit" educational scrip. Illus. Fred NATIONAL BANK NOTES Zinkann. 100 169 Brown back National Bank Notes—an incredible pair. Santa Claus scrip. Illus. R.H. Durand. 102 261 Illus. C.G. Colver. 100 168 UA "Air Currency Coupons". Illus. 99 106 De Kalb National Bank skipped second charter. Illus. 101 230 F.W. Daniel. 102 255 First in, last out third charter Nationals (Griswold National Supplement XI—additions to the 1929-1935 National Bank of Detroit). Illus. Lawrence Falater. 102 270 Bank Note issues previously reported. Illus. M.O. Hawaiian banking in 1915. Illus. M.O. Warns & Robert Warns 99 115 Cohen. 97 15 Walrus skin money. Illus. Ted Uhl. 97 20 100 156 Warns, M. Ownen Florida Nationals, charted and illustrated. Mike Carter. .. 98 75 Hawaiian Banking in 1915. Illus. (with Robert Cohen). 97 15 I saw an old friend today (New Mexico territorial 100 156 National). Illus. R.L. Latimer. 100 178 1929-1935 National Bank Note Varieties. Known errors and typos in "Territorials, a Guide to U.S. Individual National Banks charters by states whose notes of Territorial National Bank Notes." Peter Huntoon. 101 220 the 1929-1935 issuing period remain unreported— National Bank Notes reissues—a case study. Peter update. Illus. 99 118 Huntoon. 99 113 The only 14000 series Vermont charter surfaces. Illus..... 101 219 U.S. POSTAL AND FRACTIONAL CURRENCY Rare "14000" charter series sheet surfaces. Illus 97 23 Fisk Mills' postal currency envelope. Illus. Mike Carter. .... 100 159 Supplement XI—additions to the 1929-1935 National Bank U.S. SMALL SIZE NOTES Note issues previously reported. Illus. 99 115 FEDERAL RESERVE NOTES Wettach, George H. B.E.P. Cope production. First and last notes from Bureau of Engraving and Printing Oct. & Nov. 1981. 97 22 packages. Illus. 99 105 Dec. 1981 & Jan. 1982 98 82 101 236 Feb. 1982. 99 124 Wismer relisting project. Mar. & Apr. 1982. 100 180 D.C. Wismer, obsolete note pioneer. Illus. R.T. Hoober. 97 8 May & June 1982. 101 226 Iowa obsolete listing released at Memphis. 100 185 July 1982. 102 269 Wolka, Wendell. 820 Federal Reserve Note back plate 204 and other late- Grading the bottom end. Illus. 101 215 finished plates. Illus. Peter Huntoon. 100 174 Interest bearing notes. 97 26 NATIONAL BANK NOTES 98 8I Florida Nationals, charted and illustrated. Mike Carter. .. 98 75 99 131 Individual National Banks charters by states whose notes of 100 184 the 1929-1935 issuing period remain unreported— 101 232 update. Illus. M.O. Warns 99 118 102 273 1929-1935 National Bank Note varieties. M.O. Warns. World Scene. The only 14000 series Vermont charter surfaces. Illus. Jerry Remick reports on new Australia, Malta and Malaysia M.O. Warns. 101 219 area catalogues. 99 127 Rare "14000" charter series sheet surfaces. Illus. M.O. Zinkann, Fred. Warns. 97 23 "The National Bank of Merit" educational scrip. Illus. 100 169 STATE ZIP 19 6 rACtitvi CACst1041 MAA'" ER Aut"Orliskriervi nce that \t s(4\1\\Itho\c\to th:e\i'ctiktn .■‘ock.\: ■hae\\:\cn:Fuenac\tivoahpw ist\ h thee iubhoev4.111\50,0c0)0 'ea\ed cec°'‘8 17k\ehdance kof \, the ° (Dn'ces as evecy Ws1% coWed-C)C 3 iesrt\135 k-"St°"Cnc1 aea\ *\\\ be \I 3 Lx"rhorkel X sito C)Vi:flc:ne \esteCerb\jeecu8cce;e" c c\'■C-■ota i hatil\s:p k:cauecriciegkto le kast Uaw'utl-t3:: t elatscia:kt ha sj\e oh*I-e■a3 Z■It 03 c 1:6' I\ nt 8c. Syr e01, -.‘1?°e rc1\ °c:' sao nee si°uc ° c\ t‘ e or Martin GengeZen7ikeecouvon toe\ ow• Z6 :7366:1\45-i t.lor i\\\ out a it1t.c.30 a„ Pr\arhhCiengec\(e, under the d'ceciWirt,° ekr\archese10 ,ncata1okgtotI c\rcclare out \)arr\d'esvvth the chettcukou s andsc P Herbert I. Melnick. Inc. 265 Sunrise Hwy—Suite 52-5th Floor Rockville Centre, N.Y. 11570 Please reserve me a copy of the Memphis Paper Money Catalogue. Enclosed is my check for $5.00. (Overseas copies 510.00.) N.Y. State Residents add appropriate sales tax. I WISH TO CONSIGN TO THE MEMPHIS PAPER MONEY AUCTION. PLEASE SEND CONSIGNMENT INFORMATION and/or CALL ME AT THE NUMBER BELOW. CALL ME AT NAME ADDRESS CITY HERBERT I. MELNICK 265 Sunrise Hwy, Suite 52-5th Floor, Rockville Centre, New York 11570 Tel. (516) 764-7477 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 edatt'S RARE COINS and CURRENCY SSIOkk IMISMAIrS (BESIDE THE ALAMO) 220 ALAMO PLAZA SAN ANTONIO, TEXAS 78205 (512) 226-2311