Paper Money - Vol. XXV, No. 5 - Whole No. 125 - September - October 1986

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VOL. XXV No. 5 WHOLE No. 125 SEPT./OGT. 1986 TWENTY-FIFTH ANNIVERSARY NEW YORK NATIONALS These Nationals are Listed by Friedberg Catalog Numbers; Charter Nos. are in Parentheses. NEW YORK CITY. 1865.75 $5. F397. 1st Charter. Colby-Spinner Originals: NEW YORK CITY. 1882 $5. BROWN BACK: American Exch. NB (1194) F471 Chatham NB, Fine Few ph $175. GEM CU AND RARE SO CHOICE ... $750. Chatham NB, (1375) ExF/AU 550. American Exch. NB (1194) F471 Ch CU 625. Chatham NB, (1375) AU, Three ph 675. Chase NB (2370) F475 VF + 225. Chatham NB, (1375) Ch AU 795. Nat. Bank of Commerce (733) F467 Gallatin NB (1324) CU, Faint fold 895. VF Top Mgn. is very close 125. Irving NB (345) VF, Two light Nat. Bank of Commerce (733) F467 creases and minor edge repair 175. The J.P. MORGAN NOTE. Ch. CU 600. Merchants NB, Fine, Tiny ph 195. Lincoln NB (2608) F477 Ch CU 575. Nat. Bank of Republic, CU 1150. Lincoln NB (2608) F477 375. Bank of N.Y. Nat. Bky. Assn (1393) F404 CU. Faint Fold 375. VF + . Few Tiny Pinholes 395. Merchants NB (1370) F469 ExF + 225. Cont. NB (1389) F401 F-VF Few ph 325. Nat. Bank of No. America (4581) F472 Cont. NB (1389) F404 AU Three ph 650. CU. Light fold 325. Lincoln NB (2608) F405 CU Faint Fold .... 895. Nat. Park Bank (891) F-467 CU Faint Fold . 350. Marine NB (1215) F404 Fine-VF 350. Hanover NB (1352) F469 CU Market NB (964) F401 Fine Tiny ph 335. Faint Fold. Top Mgn. close 275. Merc. NB (1067) F403 VF 375. New Amsterdam NB (5783) F477 Ch CU . • 575. Our Lists of Nationals contain other Denoms. of 1st and 2nd Charter and all 3rd Charter Notes. SASE + $1.00-to partially cover Postage-for Sales Lists: (A) Large-Size Type Notes; (B) Large- Size Nationals; (C) Colonial & Continental Currency; (D) Fractional Currency; (E) Confederate Currency. Please specify which lists you desire. (FREE with Note Order.) BUYING - BUYING - BUYING BEBEE'S is Paying $600.00 to $2,000.00-depending on Rarity and Grade-for the following 1882 $5 Brown Back National Bank Notes (Must Grade Choice E. Fine/AU or better-Prefer Unc.) ALABAMA-ARIZONA-ARKANSAS-CALIFORNIA-COLORADO-FLORIDA-HAWAII-IDAHO- MARYLAND-MISSISSIPPI-MONTANA-NEVADA-NEW HAMPSHIRE-NEW MEXICO-NORTH DAKOTA-RHODE ISLAND-SOUTH DAKOTA-WYOMING BEBEE'S is also Paying TOP IMMEDIATE-CASH Prices for Double-Denomination Notes, Large- Size Nationals, Territorials, Rare $1/$1,000 Type Notes. No. 1 & Star Notes. Please give BEBEE'S a Try. We would greatly appreciate your orders - you're sure to like doing business with BEBEE'S. Tens of thousands of "BEBEE BOOSTERS" have since 1941. Aubrey & Adeline BEBEE ANA Life #110, ANS, IAPN, PNG, SPMC, Others #01--?43 , 4 ■MC "Pronto Service"P.O. Box 4290 Omaha, NE 68104 soc I Er y OF PIPER MONEY COLLECTORS I NC. PAPER MONEY is published every other month beginning in January by The Society of Paper Money Collectors, 1211 N. DuPont Hwy., Dover, DE. Second class postage paid at Dover, DE 19901. Postmaster send address changes to: Bob Cochran, Secretary, P.O. Box 1085, Florissant, MO 63031. © Society of Paper Money Collectors, Inc., 1986. All rights reserved. Repro- duction of any article, in whole or in part, without express written permission, is prohibited. Annual Membership dues in SPMC are $20; life membership is $300. Individual copies of PAPER MONEY are $2. 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 10th of the month preceding month of issue (e.g. Feb. 10 for March issue). Mechanical Requirements: Full page 42 x 57 picas; half-page may be either vertical or hor- i-zontal 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. Official Bimonthly Publication of The Society of Paper Money Collectors, Inc. Vol. XXV No. 5 Whole No. 125 SEPT./OCT. 1986 ISSN 0031-1162 GENE HESSLER, Editor Mercantile Money Museum Box 524, St. Louis, MO 63166 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 re- serves the right reject any copy. Deadline for editorial copy is the 10th of the month preceding the month of publication (e.g., Feb. 10th for March/April issue, etc.) Camera ready copy will be ac- cepted up to two weeks beyond this date. IN THIS ISSUE THE FIRST NATIONAL BANK OF ST. LOUIS A National Bank with a State Charter Ronald Horstman 185 ADDITIONS TO EASTMAN BUSINESS COLLEGE SYNGRAPHIC AND PHILATELIC EMISSIONS Fred Reed 186 OBSOLETE NOTES REDEEMABLE IN POSTAGE FRACTIONAL CURRENCY M.R. Friedberg 188 RAILROAD NOTES & SCRIP OF THE UNITED STATES THE CONFEDERATE STATES AND CANADA Richard T. Hoober 190 NATIONAL BANKING ON STATEN ISLAND The 100th Anniversary Walter T. Dornfest 192 SOCIETY FEATURES INTEREST BEARING NOTES 197 AWARD WINNERS AND SPEAKERS AT MILWAUKEE ANA 198 NEW LITERATURE 198 RECRUITMENT REPORT 198 NEW MEMBERS 198 MONEY MART 200 Paper Money Whole No. 125 Page 181 Society of Paper Money Collectors OFFICERS PRESIDENT Larry Adams, P.O. Box 1, Boone, Iowa 50036 VICE-PRESIDENT Roger H. Durand, P.O. Box 186, Rehoboth, MA 02769 SECRETARY Robert Cochran, P.O. Box 1085, Florissant, MO 63031 TREASURER Dean Oakes, Drawer 1456, Iowa City, IA 52240 APPOINTEES EDITOR Gene Hessler, Mercantile Money Museum, Box 524, St. Louis, MO 63166 NEW MEMBERSHIP COORDINATOR Ron Horstman, P.O. Box 6011, St. Louis, MO 63139 BOOK SALES COORDINATOR Richard Balbaton, 116 Fisher Street, North Attleboro, MA 02760. WISMER BOOK PROJECT Richard T. Hoober, P.O. Box 196, Newfoundland, PA 18445 LEGAL COUNSEL Robert J. Galiette, 10 Wilcox Lane. Avon, CT 06001 PAST PRESIDENT AND LIBRARIAN Wendell Wolka, P.O. Box 366, Hinsdale, IL 60521 BOARD OF GOVERNORS Charles Colver, Michael Crabb, Thomas W. Denly, Roger Durand, C. John Ferreri, William Horton, Jr., Peter Huntoon, Charles V. Kemp, Jr., Donald Mark, Douglas Murray, Dean Oakes, Stephen Taylor, Steven Whitfield, John Wilson, Wendell Wolka. The Society of Paper Money Collectors was organ- ized in 1961 and incorporated in 1964 as a non- profit organization under the laws of the District of Columbia. It is affiliated with the American Numis- matic Association and holds its annual meeting at the ANA Convention in August of each year. MEMBERSHIP - REGULAR and LIFE. 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 notification to the secretary that the member has reached 18 years of age. Junior members are not eligible to hold office or to vote. Members of the A.N.A. or other recognized numismatic organizations are eligible for member- ship. Other applicants should be sponsored by an S.P.M.C. member, or the secretary will sponsor per- sons 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 $20. Members who join the Society prior to October 1st receive the magazines already issued in the year in which they join. Mem- bers 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 BOOKS FOR SALE : All cloth 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 NEW JERSEY'S MONEY, Wait / $12.00 Non-Member $25.00 TERRITORIALS-A GUIDE TO U.S TERRITORIALS BANK NOTES, Huntoon $12.00 VERMONT OBSOLETE NOTES & SCRIP, Coulter $12.00 Non-Member $15.00 Non-member $15.00 Write for Quantity Prices on the above books. ORDERING INSTRUCTIONS 1. Give complete description for all items ordered. 2. Total the cost of all publications ordered. 3. ALL publications are postpaid except orders for less than 5 copies of Paper Money. 4. Enclose payment (U.S. 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. SALE TO MEMBERS bound books are 81/2 x 11" INDIAN TERRITORY / OKLAHOMA / KANSAS OBSO- LETE NOTES & SCRIP, Burgett & Whitfield $12.00 Non-Member $15.00 IOWA OBSOLETE NOTES & SCRIP, Oakes $12.00 Non-Member $15.00 ALABAMA OBSOLETE NOTES AND SCRIP Rosene $12.00 Non-Member $15.00 PENNSYLVANIA OBSOLETE NOTES AND SCRIP (396 pages), Hoober $28.00 Non-member $35.00 ARKANSAS OBSOLETE NOTES AND SCRIP, Rothert $17.00 Non-member $22.00 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 182 Paper Money Whole No. 125 041 d 'APIS CESA,,Et5 TPAT 11,1111)‘ ttit rca At. :AP, Ptifttft...ett PP,Alt A 07970862 A EPDStT FS Paper Money Whole No. 125 Page 183 If You Collect U.S. Paper Money Then You Owe Yourself A Hard Look At Bank Note Reporter From the early large size "Greenbacks" of 1861 to the intricately designed Treasury Notes of 1890; from the first of the small size U.S. paper — the Legal Tender Notes to the scarce, obsolete Gold Certificates, if you collect U.S. paper money, you should be reading BANK NOTE REPORTER. As the only independently produced publication aimed exclusively at the paper money hobby, each BANK NOTE REPORTER is loaded with interesting articles and features that can benefit you now. There's no excess in BANK NOTE REPORTER. It covers paper money. And that's all! With every timely issue, you'll find a jam-packed slate of hobby happenings. Each month an experienced staff, as well as outside experts, including a key correspondent tracking the Washington, D.C., beat and others who zero in on the myriad of interests represented in the paper money spectrum, combine to bring you the latest hobby developments. Information that can assist you in your buy/sell decisions whether for long-term investment purposes, or simply for the enjoyment of the hobby. Add to this trustworthy advertisers, a list of upcoming shows and events, and reports of important auctions, and it's easy to see why BANK NOTE REPORTER is your complete news and marketplace for all paper money. N 0 E OTTE YOUR NE S AND MARKETPLACE FOR ALL PAPER MONEY –1 Bank Note Reporter Krause Publications 700 E. State St., Iola, WI 54990 Enter my subscription as follows: ( ) New ( ) Renewal/Extension ( ) 1 year (12 issues) $17.50 ( ) 2 years (24 issues) $32.50 ( ) 3 years (36 issues) $47.00 ) Check (to Krause Publications) ) MasterCard/VISA acct no exp. date: mu. yr signature Name Address City State Zip Addresses outside the U.S., including Canada and Mexico, add $6.00 per year. Payable in U.S. funds. r-- BD7 -J Page 184 Paper Money Whole No. 125 IMPORTANT SPMC NOTICE ABOUT 1987 DUES PLEASE READ — Dues statements for 1987 are enclosed with this, the September-October issue of the magazine. A separate mailing will NOT be used for first notices. Please: — Use the envelope enclosed. — Put your membership number on your check. — Pay as promptly as possible.—$20 annual dues. If you want to become a LIFE MEMBER, send check for $300, or $50 every other month. After one year, LIFE Membership will be conferred. — Membership cards for 1987 are enclosed . Please: — Fill in your own card (the dues notice has your membership number on the label). — Do not send card back with your dues payment. — Effective immediately—dues should be sent to: Bob Cochran SPMC Secretary P.O. Box 1085 Florissant, MO 63031 C7)=Di COMING EVENTS 1986 REGIONAL MEETINGS ST. LOUIS, MISSOURI — November 13-16, 1986 — National Paper Money Convention, St. Louis Cervantes Convention Center, St. Louis, Missouri, sponsored by the Professional Currency Dealers Association. SPMC Regional Meeting Saturday, Nov. 15, 11:00 AM SPMC Regional Meeting Speaker: Eric P. Newman of St. Louis, Missouri, of the Eric P. Newman Numismatic Education Society. Topic to be an- nounced later. Please watch this column and the numismatic press for fur- ther details. For further information about the SPMC regional meeting at St. Louis, contact: John Wilson at P.O. Box 27185, Milwaukee, WI 53227 (414) 545-8636. For bourse information contact Kevin Foley, P.O. Box 589, Milwaukee, Wisconsin 53201. General Chairman for the show is Ron Horstman, P.O. Box 6011, St. Louis, Missouri 63139. NI 1 S Wit I Paper Money Whole No. 125 A National Bank With A State Charter The First National Bank of St. LouiS by RONALD L. HORSTMAN Numismatist and Financial Historian @1986 by Ronald L. Horstman Page 185 HE First National Bank of St. Louis was granted Charter 89 on September 12, 1863. This was a conversion of the First Ward Savings Institution, which had operated at 28 Carondelet Avenue for six years. Ferdinand W. Cronenbald, former vice president of First Ward Savings Institution, became president of the newly organized national bank; he owned 70 shares of stock in said bank. Peter Weiss became the cashier. This bank was capitalized for $100,000.00, but this could have been increased up to $1,000,000.00 if necessary. The bank was located at the intersection of Carondelet, Fifth and Park in a three-story, angular-shaped, masonary structure, topped by a large clock. The bank was issued, and circulated, $183,990.00 in national currency in all denominations up to and including $100 notes. A change of cashiers, with Christian Fishback replacing Weiss on May 22, 1866, precipitated a minor run on the bank by a group of ladies who feared that the change of officers indicated the bank was in financial difficulties. They withdrew their gold and greenbacks and held them for several days until they rea- lized that the bank was still solvent, and then redeposited their money. In November of 1866 a rather unusual robbery took place at the bank. While the employees were taking their lunch in the back part of the banking rooms, someone entered the bank and carried off $10,000.00, which had been left in piles on the desks and in the tellers' drawers. On July 16, 1870 the stockholders of the bank, for reasons The form for this 60-day note was altered from one for the First Ward Sayings Institution. This first charter "lazy two" is shown through the courtesy of Eric P. Newman and the Mercantile Money Museum. zrtt 4,4 /:,er,/ //i wit am :■tYerfe (bite • Paper Money Whole No. 125Page 186 ' STAILerffs,21? 1-.Y.x4V44 ' ,' - ----- ' ,..' ', "-iew .L.-241.9tiatif ' ,,,,, i!„, :i' i 1 i , , r-4;€ zecat. vineve/ea' ii; ane/:,a7a/4-aWketze . 7‘,(cai kime44/Licean / ,i, ...4 .f, /of RIATTNATION444841V1(417$7;401/Atilf,a, a't-a,/i-t4710.ter//4 -Iffie' A one-year note on the First National Bank "At" St. Louis. i:// a4 dee7,- de;( 4-2,-r. 4 /477/' not stated, voted to place the institution in voluntary liquidation. On July 25, 1870 the bank deposited $104,990.00 with the Treasurer of the United States for the redemption of their out- standing notes. On July 20, 1870, just four days after the bank relinquished their national charter, they applied for and received Missouri State Bank Charter 35 to operate with a capital of $200,000 as the First National Bank at St. Louis, changing only the word "of" to "at" from their previous title. The 1872 Annual Report of the Comptroller of the Currency contained the following com- ments: A few national banks have gone into liquidation and reorganized as State banks, retaining their national ti- tle. State savings banks and private companies have also assumed the title of "national". These corpora- tions and companies erect large signs over their doors, issue conspicuous advertisements, and obtain recogni- Lion in the counterfeit detectors among lists of national banks, thus transacting business under false colors, which, of itself, should be sufficient to put all business men upon their guard. Such abuses should, however, be prohibited, and the Comptroller recommends the passage of an act prohibiting the use of the word "na- tional" as a title for banks other than those organized under the national currency act. The March 1873 amendment to the National Bank Act in- cluded the Comptroller's recommendation, and, with the effec- tive date of the act in September, 1873, the bank reluctantly changed its title to Empire Bank, under which it operated until going into voluntary liquidation on January 18, 1877. REFERENCES: Various issues of the Bankers Magazine ACKNOWLEDGEMENTS: Bruce Smith and Charles Brown • 411.111.• *OM. Additions to Eastman Business College Syngraphic and Philatelic Emissions by FRED REED In the Jan.-Feb., 1986., issue of PAPER MONEY, former editor Barbara Mueller contributed certain "Philatelic Sidelights to Eastman Business College Currency." As a collector of Eastman material for more than a decade, let me clarify several of Ms. Mueller's comments. I will confine them primarily to the syngraphic points she raises. D URING the past decade I have collected Eastman Business College material aggressively and own about 200 items. These include many types and varieties of the school's scrip, as well as related checks, stocks, receipts, printed matter, philatelic items and photographs. I have also ex- amined other collections and cataloged about 500 items during that time. My research, in addition, allowed me to inventory the remains of the school's archives. Significantly, I have also been helped by the experience of numerous other collectors and dealers, and I have had access to the family heirlooms of about a dozen former students. The latter are especially significant because it is possible to view a cross section of items in use at one of Eastman's schools in a particular time frame. This is very helpful because Eastman scrip and other material underwent both great and gradual Paper Money Whole No. 125 changes over a long period of time, as evidenced by the prodig- ious numbers of variants extant. Since Eastman was training his students for "real world" jobs, the evolution of the school's scrip, etc., mirrors to a great extent that of the general monetary sys- tem at large. Regarding Barbara Mueller's recent article, the cover depicted raises interesting considerations for study. As collectors of this series know, the college's scrip, etc., exhibits many subtle varia- tions. Few of these were gratuitous, and it is most often possible to discover the reason for such changes. From Barbara's article, I understand that she examined only the photograph of the cover. I believe I examined this very piece (or its close twin) at STAMPShow '84, the American Philatelic Society's annual con- vention. I understand from Barbara's article that she assumed the cover was black and tan on the face and green on the back, due to such a listing in John Muscalus' 1946 monograph, Paper Money of Early Educational Institutions and Organizations. I be- lieve she erred. The item I examined was printed in red and blue. There was no back printing because there was no need for any. I have seen other such items and own one. The listing in Dr. Muscalus' monograph refers to the "issued" college note of this type. Barbara's mistake is misapplying a catalog entry is hardly novel for anyone trying to interpret scant catalog entries. This is especially so in a case like this, since John's collection ul- timately contained many dozens of quite similar items he did not know about when he published his monograph. Let me discuss the cover directly. Ms. Mueller is right, it was a travesty in regard to addressing it to a specific recipient. How- ever, as collectors who have been Eastman's other flamboyant advertising covers realize, part of Harvey Gridley Eastman's ex- pertise was his showmanship. This cover evolved directly from the type of note listed by Dr. Muscalus in the following manner: "In 1864 a new series of notes was designed for Eastman's Poughkeepsie school, which had already experimented with several types in the previous five years. We know precisely that this was done in that year because Eastman registered the design (received a design patent) for this note. This was the se- cond of five series of notes to employ his likeness. It was created in response to the National Currency legislation recently under- taken . Notes in this series were issued on the First National Bank and the Second National Bank, two of four such "banks of cir- culation" set up in Eastman's actual business curriculum. The other two banks operating at this time were the Bank of Com- merce and Eastman College Bank. Neither issued notes of the National Currency type to my knowledge. This would be ex- pected since the other two banks were regarded as "state char- tered." Denominations issued included $1, $2, $3, $5, $10, $20, $50, $100, $500. I have never seen a $1000 note of this series, but have seen that denomination for other series employed at the same time, so feel that its issue was likely." This new design was both an artistic success and a personal triumph for Professor Eastman, who was driven by an enor- mous ego. The design, accompanied by appropriate advertising slogans, was quickly employed as a letterhead on school station- ery. on printed advertising matter, and also (as shown by the cover depicted) in the manner illustrated in the Jan.-Feb. issue of Paper Money, p. 19. Although these slogans were somewhat obscured by the stamps on the cover, they can be clearly seen on an illustrated letter sheet in my collection. We can see that its use as a cover was deliberate. This item is not merely a folded letter sheet that was franked and mailed. For collectors unfamiliar with this practice (which was wide- spread at the time in domestic service and continues in use to- Page 187 day, especially on overseas mail where weight is a cost factor), the correspondent merely folded the sheet and pasted it to- gether as a "self-mailer." I believe this is not the case here. Notice on the right side, the wording has been altered from two to three lines and shifted downward to allow room for a stamp. Obviously it was not contemplated by Eastman that the sender would affix two stamps, partially obscuring the top legend. From such minutia, we can also deduce that its use as a cover came after its use as a letter sheet. The wording changes from "in America" on my letter sheet that was used in 1865 to "in the world" , on the cover Ms. Mueller illustrated. This was a natural progreS'sion for the egocentric proprietor whose items reveal this progression from state to national to international acclaim. The boast was no empty one, however, since large numbers of foreigners, especially from Latin America, did attend his institu- tion. We can also trace this progression from note to other printed matter from the imprint of Hatch and Company. All examples of the "issued" college notes of this series that I have examined show the printer's address as 29 William Street, which the firm occupied until 1864. Thereafter it removed to the Trinity Build- ing, 111 Broadway. This imprint appears on the letter sheet in my collection (hand dated 25 August 1865), which was sent to a prospective student, and a printed form letter (with the design in red and green) urging recipients to influence young men in their respective areas to attend the school. This latter item also bears the "in the world" version of the legend. Hatch and Com- pany occupied these premises from 1864-1869. Finally, it is possible to date the college notes of this type as being in use from 1864 to 1871. With regard to the Eastman "Excelsior" stamps shown by Ms. Mueller, I was not heretofore aware that they existed as imper- forate varieties. Might the straight edges result from trimmed perforations despite the ample margins? I frankly don't know. Does anyone possess imperforate multiples of this stamp? I can, however, shed some light on when these stamps were used. They are illustrated in an Eastman College newspaper (one of several I have owned or examined) dating from 1865 and have appeared on covers "post marked" during the 1870s. I might also add that Eastman also issued imitation "revenue stamps" in two-cent, five-cent, ten-cent, and non-denominated varieties. The college also had stamped envelopes, and went through several "stampless" cover periods (including one in the 1890s) for reasons not entirely clear. I hope these added observations help readers to understand the comprehensiveness of Eastman's system of actual business curriculum and the diversity and complexity of the items he em- ployed in giving his students virtual "on-the-job" training. We have not even touched the plethora of ledgers, bank books, fis- cal papers, insurance documents and other items that formed the integral workings of his patented system. I am in the process of cataloging Eastman's brand of syn- graphics in a comprehensive manner. Its diversity and extent— the schools were operated for nearly 80 years in seven cities— make this challenge not only interesting but difficult. I would welcome correspondence from like-minded individuals on this subject. Please write to me at P.O. Box 902033, Dallas, Texas 75390-2033. All assistance will be acknowledged. SUPPORT YOUR SOCIETY Paper Money Whole No. 125Page 188 Obbolete Notes itedeentable in, Wobtage of'Ffactiorial Wreney' by M.R. FRIEDBERG S OMEWHERE, somehow, most of us become intrigued bythe odd or unusual item that is just a little bit differentthan the norm. As a collector of postage and fractional currency, I have always been interested in the obsolete notes is- sued in denominations of less than a dollar during the Civil War. The normal redemption statement on obsolete notes is "Re- deemable (or Payable) in Current Bank Bills" or a similar leg- end. In searching through dealer's stacks of material, I discov- ered that there were very few "Payable in Postage Currency". Further investigation discovered that there are a few inscribed "Payable in Fractional Currency" or "Payable in Postage Stamps" and one token "Redeemable in Postage Currency". General F.E. Spinner, generally acknowledged to be the father of postage currency, was a native of the Utica, New York area. Not surprisingly, the Utica merchants were the most active issuers of these "Redeemable in Postage Currency" notes. S.W. Chubbuck was the most prolific of the Utica issuers. He was an inventor and manufacturer of telegraph equipment, as well as "Philosophical Supplies". Chubbuck also issued a series of store cards (metallic coin-like tokens) listed by Miller as Numbers 1055 through 1063. His notes were dated in four series: March 12, 1863; April 1, 1864; Jan. 2, 1865; and July 1, 1865. The variations include values of lc, 2c and 3c plain backs plus notes printed on overruns of railroad maps or bonds, different type styles, different inks and a note having an inverted face on the back. In addition, one of the three-cent variations includes the Morse code alphabet and presents an unusual quality to the otherwise common printed note appearance. It has taken a bit of detective work to determine the actual issuer of some of the notes. The note signed by J.P. Richardson was particularly challenging to locate. The note was obviously assembled from stock dies by the printer and according to the printed legend issued by someone at 21 Liberty St., Utica, New York. The 1863 Utica Directories indicated no particular occu- pant of 21 Liberty St. and the listing for Mr. J.P. Richardson was his home address. His occupation was given cryptically as a "Bookkeeper". The discovery of a note "Redeemable in Cur- rent Bank Bills" issued by T.O. Grannis Company's Bank, 21 Liberty St., Utica, New York and dated 1862 solved the mys- tery since Mr. Richardson signed both notes! This S.W. Chubbuck two-cent note appears to have been printed vertically on the back of a bond. With the Morse code on the face and the map on the back, the bearer of this three-cent note should not be lost. Paper Money Whole No. 125 A brief listing of some known notes: 1. T.O. Grannis, 2c, 1863, grayish-violet face, Utica, NY 2. I.J. Knapp, 3c. Feb. 5, 1863, blk face, back printed, Uti- ca, NY 3. D. Thomas, lc, undated, blk face, red sr No, Utica, NY 4. Jno. Buswell, 3c, Jan. 1863, blk ink, Utica, NY 5. J.W. Segar, 2c, 1863, red-org ink, Utica, NY 6. R.W. Hughes, 2c, 1863, red-org ink, Utica, NY 7. E.B. Waitt, 3c, undated, blk ink, Danvers, Mass. 8. A.Jn. Deppen, 2c, Oct. 7, 1863. blk ink, Wolmesdorf, Penna. 9. A.Jn. Deppen, 3c, Oct. 7, 1863, blk ink, Wolmesdorf, Penna. 10. S.F. Roger, 3c, Oct. 7, 1863, blk ink, Salem, Mass. 11. Geo. S. Walker, 2c, undated, blk ink, Salem, Mass. 12. Geo. S. Walker, 3c, undated, blk ink, Salem, Mass. 13. T.S. Carter, 3c, Feb. 14, 1863, blk ink, back printed, Haverhill, Mass. 14. S.W. Chubbuck, lc, Mar. 12, 1863, blk ink, Utica, NY 15, S.W. Chubbuck, lc, Mar. 12, 1863, blk ink, bond back, Utica, NY 16. S.W. Chubbuck, lc, Mar. 12, 1863, blk ink, dif. prt, Utica, NY 17. S.W. Chubbuck, 2c, Mar. 12, 1863, blk ink, Utica, NY 18. S.W. Chubbuck, 2c, Mar. 12, 1863, blk ink, bond back, Utica, NY 19. S.W. Chubbuck, 2c, Mar. 12, 1863, blk ink, RR map on back, Utica, NY 20. S.W. Chubbuck, 2c, Mar. 12, 1863, gry-brn ink, bond back, Utica, NY 21. S.W. Chubbuck, 3c, Apr. 1, 1864, blk ink, RR map on back, Utica, NY 22. S.W. Chubbuck, lc, Apr. 1, 1864, blk ink, Utica, NY 23. S.W. Chubbuck, lc, Apr. 1, 1864, blk ink, dif prt, Utica, NY 24. S.W. Chubbuck, 2c, Apr. 1, 1864, blk ink, Utica, NY 25. S.W. Chubbuck, 2c, Apr. 1, 1864, grn ink, Utica, NY 26. S.W. Chubbuck, 3c, Apr. 1, 1864, grn ink, Utica, NY 27. S.W. Chubbuck, lc, Jan. 2, 1865, blk ink, Utica, NY 28. S.W. Chubbuck, lc, Jan. 2, 1865, blk ink, RR map on back, Utica, NY 29. S.W. Chubbuck, 2c, Jan. 2, 1865, blk ink, back has lite gry-brn duplicate of face, Utica, NY 30. S.W. Chubbuck, 3c, Jan. 2, 1865, brn-gry ink, blue 3c, Morse code note, Utica, NY 31. S.W. Chubbuck, 3c, Jan. 2, 1865, blk ink, red 3c, back has inverted brn-gry face prtg with blue 3c, Morse code note, Utica, NY 32. S.W. Chubbuck, 3c, Jul. 1, 1865, blk ink, red 3c, Morse code note, Utica, NY 33. John Jeffery, 3c, May 1, 1863, blue ink, New London, Conn. 34. Robert F. Gerrish, 2c, Nov. 1, 1863, dk blue ink, Franklin, ME 35. C.A. Pollard, 10c, Jun. 12, 1863, blk ink, "Redeemable in Postage Stamps", Lancaster, Mass. 36. G.O. Chapman, 2c, undated, circular, blk on gm chip- board, blank back, New England Area 37. J.L. Hudgins, 10c, Dec. 1, 1863, gm ink, Nixburg, Ala. 38. J.L. Hudgins, 25c, Dec. 1, 1863, gm ink, Nixburg, Ala. 39. J.L. Hudgins, 50c, Dec. 1, 1863, grn ink, Nixburg, Ala. 40. New York Store, 5c, undated, token, Waterbury, Conn. Page 189 A more complete listing is available to the members of the Fractional Currency Collectors Board, an organization of post- age and fractional currency collectors. The group is named in honor of F.C.C. Boyd, a famous collector and original research- er of fractional currency. Membership dues are $15 for the first year and $10 thereafter. Membership applications should be sent to John Wilson, Membership Chairman, PO Box 27185, Milwaukee, WI 53227. Information Sought By Carling Gresham P.O. Drawer 580, Pomona Park, FL 32081 Below is a WANT LIST of material concerning the Union Bank of Tallahassee, ca. 1830-1840. If you have any of the material listed, please describe and price in your reply, if for sale. If you have paper money or documents re this bank, includ- ing its president, John G. Gamble, please let me know; if you have any of the five bonds issued by the bank, state the date(s) of issue and the serial number(s), and I'll tell you which type you have and give you my estimate of its rarity and value, according to condition and completeness. (I also WANT bonds issued by the Bank of Pensacola, and the Southern Life Insurance and Trust Co.) I'm interested in Territorial Florida financial paper, i.e., bonds, paper money, documents, letters, etc. I'm a collector of such material, but my primary goal is to publish my conclusions about the bonds of the Union Bank. Another article in prepara- tion is about Sir Gregor MacGregor and the Amelia Island affair in 1817, so let me know if you have anything about him. (For a 19-item annotated bibliography, please send a SASE.) ACTS and Resolutions, State of Florida, 1842, p.45, 53; 1843, p. 59-62, 74, (Resolution XXII). DUNN, Hampton, Yesterday's Tallahassee. Seemann Pub. Co., Miami, 1974. DuVAL, John P., Esq. Compilation of the Public Acts of the Legisla- tive Council of the Territory of Florida. S.S. Sibley, Tallahassee, 1839. DuVAL, Gov. Message of ... (in) Legislative Journal, 1833. GILPIN, Henry D. Statement of the Case of the Bonds and Guar- antees Issued by the Territory of Florida. Philadelphia, 1847. HOUSE Journal, 1842, p. 294; 1843, p. 109-110; 1844, Appendix, (Report of the Union Bank). HOUSE of Representative, Report of the Banking Committee, Ex- ecutive Documents, 26th Congress, 2nd Session, IV. no. 111. JOURNALS of the Legislative Council of the Territory of Florida, var. dates. MARCKHOFF, Fred R. The Development of Currency and Banking in Florida. (in) The Coin Collector's Journal, XIV (Sept -Oct, 1947) pp. 118-125. McGRANE, Reginald C. Foreign Bondholders and American State Debts. NY, 1935. Some Aspects of American State Debts in the Forties. (in) American Historical Review, July, 1933, p. 647. MOORE, John B. History and Digest of the International Arbitrations . GPO, Wash., 1898. 6v. RICHARDSON, Jas. D. Compilation of the Messages and Papers of the Presidents; GPO, 1896-99. 10v. Senate Documents, 25th Cong., 2nd Session, III, SD 232. Resolu- tion of the St. Joseph Convention, December 3, 1838. Senate Journal, 1839, Message of Goy. Call, January 9, 1839. , 1840, Message of Gou. Reid, January 13, 1840. , 1841, Appendix. Memorial of the President and Direc- tors of the Union Bank. , 1842, Message of Gou. Call, January 6, 1842. p. 168. , 1844. p. 72. ■ i( ./} /---- - , ----- 0 (( /////7 / 4 A/70NEHUNDRED / / ////, I / //,/ / IWI//// /I l 1-‘...,r , j , ,:3Z / i Z I/ // 7 r/ i i g .-1 i i l ‘; '// ,,,, 7,, . ,/p. ,--3.4,// , , — -------_,-- , L'IL32_,r; PLY1 ri (iti1it-ttoio)6mtpitiln ) Page 190 Paper Money Whole No. 125 Wailroad Notes and Scrip of the United States, the Confederate States and Canada by RICHARD T. HOOBER (Continued from PM No. 124, Page 166) Mississippi No. 38 CANTON— NEW ORLEANS, JACKSON & GREAT NORTHERN RAILROAD COMPANY The road was chartered in Mississippi and Louisiana in 1852, and was known as the "Jackson Road." It was completed in six years at a cost of $7,000,000. In 1874, the line was consolidated with the Mississippi Central into the New Orleans, St. Louis & Chicago Railroad. After the road failed in 1876, it was taken over by the Illinois Central in 1877. 44. 10C (L&R) CENTS. (C) Moneta, between 50s. Red lathework. R4 45. 50C Similar to No. 44, except for denomination. R4 46. 75C Similar to No. 44, except for denomination. R4 Mississippi No. 45 47. 1.00 (L&R) ONE. (C) Train, between ls. Red lathework. Paper Money Whole No. 125 Page 191 48. 1.50 Similar to No. 47, except for denomination. R5 49. 2.00 Similar to No. 47, except for denomination. R6 50. 3.00 Similar to No. 47, except for denomination. R6 51. 5.00 Similar to No. 47, except for denomination. Date - July 1, 1862. Imprint - Douglas Engr. N. Orleans. R6 COLUMBUS- TOMBIGBY RAILROAD BANK 52. 121/2C (L) Female. (C) Female, tree, between 121/2s. (R) Female. R7 53. 25(C (L&R) Female. (C) Farmer, horse, cattle, between 25s. (R) Female. R7 54. 50¢ (L&R) Female. (C) Canal scene, between 50s. R7 55. 750 (L&R) Female. (C) Female, between 75s. R7 56. 1.00 (L&R) Female. (C) Female, tree, between ls. R7 57. 2.00 (L&R) Female. (C) Female, between 2s. Date - 18--. Imprint - L.N. Hatch. R7 COLUMBUS - TOMBIGBY RAILROAD COMPANY The company was incorporated February 27, 1836, with a capitalization of $3,000,000. It was also known as the Tombigby Railroad Bank. 58. 5.00 (L&R) Decorative panel, V. R7 59. 5.00 (L) Indian, V above and below. (C) Three females, griffin, between 5s. (R) Train, V above and below. R7 60. 10.00 (L) TEN. (C) Ceres, Mercury, griffin, between 10s. (R) Indian, dog, X above, TEN below. R7 61. 50.00 (L) Indian woman, 50 below. (C) Ceres, Mercury, griffin, between 50s. (R) Indian, 50 below. R7 Mississippi No. 61 (To be continued) Page 192 Paper Money Whole No. 125 National Banking on Staten Island The 100th Anniversary by WALTER T. DORNFEST Part I The First National Bank of Staten Island at New Brighton, 1886-1905 (This, part I, was originally printed in the Spring edition of the Staten Island Historian.) The year 1986 will mark the 100th anniversary of the establishment of the First National Bank of Staten Island. This institution was the first of six national banks to issue currency in Richmond Coun- ty at various times up until all notes were recalled in 1935. At that time, only three of the note issuing banks remained in business. This series of articles will document the history of each of the note issu- ing banks. To date, all of these banking houses have been either liquidated or absorbed by other in- stitutions. Five-dollar note of the Second Charter Period. First Issue of the Series of 1882. The First Na- tional issued only five, ten, and twenty-dollar notes of this type, each one hand-signed by the bank president and cashier then in office. The bank serial num- ber eight is below the picture of President Garfield. The Treas- ury serial number is the longer one on the upper right after the word Currency. HEN one person asks another where he keeps his money, the answer usually is: "1 keep it in the bank." But this could have several meanings, since the word "bank" is a catch-all for several different types of savings institu- tions. The saver could be referring to a savings and loan associa- tion or a bank, each of which has some different concerns and business procedures, or to a commercial or a savings bank, again each having varying business interests. Someone might deal with a state or a national bank, the former receiving its char- ter to operate from its home state, while the latter does business under a federal charter. National banks came into existence as a result of the National Banking Act of February 25, 1863. The main purpose for creat- ing the National Banking System was to provide the United States with a uniform national currency of paper money (nation- al bank notes) backed by government bonds. Upon the pur- chase of the appropriate amount of United States bonds, each national bank was permitted to issue national currency backed by the bonds. This currency operation accounted for two of the three ways in which the banks profited. Income was derived from the rate of interest generated by the bond coupons, from issuing the currency itself, and from deposits. The basic design of each denomination of currency issued was the same for each bank, the major differences being that each note carried the name and location of the issuing institu- tion, as well as the bank's charter number, on its face. National bank notes were issued in various formats until 1935 when all United States bonds bearing the circulation privilege were re- called for redemption. Although the first national banks were formed in 1863, Staten Island did not host one of its own until 1886. Recognizing the need for additional sources of capital to fund the growth of com- merce and industry on Staten Island, as well as the opportunity to turn a profit, a group of businessmen came together late in 1885 for the purpose of forming a national bank. Paper Money Whole No. 125 One of the prime movers of this group, Charles H. Ingalls of Port Richmond, contacted the Comptroller of the Currency ear- ly in December 1885 requesting permission to organize a bank at New Brighton. Seeking information on local conditions and the people desiring to open the bank, Comptroller H.W. Can- non sent inquiries to the Staten Island area and was assured by local citizens of good standing of the usefulness to the communi- ty of the proposed enterprise. The bankers-to-be were depicted in letters received in Washington as men of integrity, citizens of Richmond County, and as individuals of the "highest character whose names are the guarantee of the good faith of the enter- prise."' Charles H. Ingalls Comptroller Cannon's consent was soon received, and In- galls and his associates set about forming the Richmond County National Bank, with a capital stock of $100,000. It was shortly determined by the founders that since most people, both resi- dents and off-islanders, were more used to referring to Rich- mond County as Staten Island, it would probably generate more confidence among potential customers to change the name of their bank. The comptroller was again contacted to obtain per- mission for a change of title to the First National Bank of Staten Island at New Brighton. There was no problem with this request, which was easily approved.' The initial meeting held to organize the bank took place on January 9, 1886 in Wiener's Bay View Hotel at the foot of Ar- rietta Street, Tompkinsville. That day the Articles of Associa- tion, the Organization Certificate and the Certificate of Officers and Directors were signed, and the Board of Directors were elected, as were the following officers: James M. Davis. Presi- dent; Charles H. Ingalls, Vice-President; and Cyrus Walser, Cashier. On January 28th the bank deposited $25,000 worth of 3 percent United States bonds with the Treasury to secure its cir- culation, and the next day received its charter, number 3444. 3 Temporary quarters for the new business were established in the rear of a building on the south side of Richmond Terrace near Jersey Street, New Brighton. The area also functioned as a store and a tinsmith's shop. At that time the front of the building was occupied by Mr. Welzin, a jeweler, and by the post office. Page 193 The address of the bank has been recorded as both 375 and 378 Richmond Terrace, but it has not as yet been possible to deter- mine which one is correct. The bank opened for business on or about February 15, 1886. 4 Since all but one of the officers and directors were Staten Is- landers, the bank was immediately accepted as a trustworthy in- stitution. By the end of 1886 the First National had recorded de- posits of $103,207. 5 Desiring to occupy a separate building in which to conduct its business, and strongly urged by bank examiners to do so, the di- rectors, early in February, had purchased a triangular plot of land for a bank structure at the corner of Stuyvesant Place and Richmond Terrace. On September 24th ground had been brok- en at the site, but construction was delayed by the plans of the railroad. The bank was thus reluctantly forced to move into tem- porary quarters at the foot of Wall Street a year or so after open- ing for business. This interim location near the old ferry landing in the area known as "The Fields," is presently part of the rail- road yards.' Cashier Walser resigned in 1887 and Mr. F.U. Johnstone, Jr. succeeded him. Meanwhile, the bank continued to be well man- aged and recorded substantial growth each year. Deposits had reached $269,652 in 1890 when Johnstone resigned and was followed by J.H.B. Edgar as cashier. There is some evidence that Johnstone might have been forced to leave because of neg- ligence. Comptroller Edward S. Lacy had been in contact with bank officials concerning the lack of a semi-annual report of earnings and dividends for part of 1889, to which Vice-Presi- dent Ingalls responded. Claiming a possible oversight by the forMer cashier because of his "youth and inexperience", Ingalls went on to assure the comptroller that there was no intention to deceive federal officials. His assurances seemed to satisfy Wash- ington.' Mr. Edgar's tenure as cashier was short lived. Less than two years after his appointment Edgar resigned over a dispute with the other officers involving, in part, the reduction of his power by the Directors. Vice-President Ingalls then resigned his posi- tion to become cashier, and John F. Emmons became vice- president early in 1892. In spite of these rapid changes the com- munity continued to give the bank its support, as evidenced by the rise in deposits to $402,724 by the end of the year.' The time was now rapidly approaching when a decision would have to be made about the location of a permanent bank building. The land purchased in 1886 was very favorably situ- ated and had doubled in value by 1892. Reasons for this includ- ed the moving of county buildings to the immediate vicinity, the building of the B&O railroad station, and the completion of one of the largest hotels in New York State, the Hotel Castleton, within a few hundred feet of the land. The pressure to build or sell came from the national banking law that forbade a bank from holding title to any real estate for longer than five years un- less it was necessary for the transaction of its business. Early in 1893 the decision was made to sell for a profit and seek an even more convenient location for the First National.' The election of directors and new bank officers in January 1894 was the most important one since the bank was founded. President Ingalls and the new cashier, Theodore H. Spratt, were to guide the business through its last eleven years. The choice of Ingalls to replace H. Eugene Alexander, who now became vice- president, was considered a good one by the local press. Alex- ander had strong business commitments in Manhattan and had to attend to them daily, making his full attention to the job of Page 194 Paper Money Whole No. 125 Home of the First National Bank of Staten Island, circa 1892 (Staten Island Historical Society photo). bank president a difficult one. Ingalls, on the other hand, would always be at the bank to attend to business." Mr. Spratt of Port Richmond had been with the bank less than three years before his election as cashier. He had formerly been employed with a bank in Manhattan, and was hired by the First National as a paying teller. Later he was made assistant cashier and was known for his integrity and business acumen." In July 1865 plans were drawn and presented for a new building. By January of the following year bids had been offered and the contract for the new structure was awarded to Colin McLean. A little over a year was required for construction, and the First National was able to occupy its new premises on March 1, 1897. It was a handsome building costing $50,000 and locat- ed along Jay Street, now Richmond Terrace, on a portion of the site presently occupied by the Supreme Court building. This location was to be the bank's final home. 12 There is little doubt that Charles H. Ingalls was the driving force behind the success of the bank. Originally as vice-president and then president, Ingalls was personally responsible for much of the popularity and prosperity of his institution. However, suc- cess did not come without difficulties. In spite of the fact that na- tional banking regulations forbade branch banking for national banks at this time, Ingalls, since at least 1893, had operated two of what he called 'offices of accommodation' for depositors. These were located at the St. George ferry station and in Port Richmond and proved very beneficial to business.' Due to either ignorance of their existence, which seems un- likely, or reluctance to act, which seems more likely, govern- ment representatives took no official notice of these so-called branch activities until 1899. That year the Comptroller of the Currency instructed bank officials to close the office at the ferry station." Ingalls sent a vigorous reply to Comptroller Dawes defending his actions. After agreeing to comply with the comptroller's di- rective, Ingalls pointed out that there was only one clerk in the ferry office. He said that no formal banking had ever been con- ducted there, and that it was merely a place where customers could leave money for deposit on their way to or from Manhat- tan. Depositors, Ingalls said, were always informed that the saf- est thing to do was to go directly to the bank to conduct any bus- iness. However, if they desired to drop off their deposits in the ferry station rather than walk the 300 yards to the bank, Ingalls could see nothing wrong with providing this service. He also maintained that the only way for his bank to compete with those in lower Manhattan was to provide this convenience for Staten Islanders.' Paper Money Whole No. 125 The First National's activities in Port Richmond did not come under federal scrutiny until 1902. Replying to an inquiry from Deputy Comptroller Kane, Ingalls stated that in spite of reports to the contrary the bank operated no branch at Port Richmond. He did mention, however, that bank employees living in that area on occasion brought deposits to the bank when requested to do so by local customers. But due warning was always given to depositors in regard to the questionable safety of this proce- dure. The truth of Ingall's statement comes under serious doubt in light of the bank examination report of April 14, 1903. Ex- aminer Francis N. Buck points out in this document that the bank regularly sent a clerk to Port Richmond to meet customers crossing by ferry to New York City and collected deposits from them for transportation to New Brighton. These activities were still under investigation by examiners in May, much to the dis- may and embarrassment of Ingalls." It is apparent that as long as the bank kept its customers as the first and foremost of its concerns, the matter of branch opera- tions and minor problems with Washington would be of little consequence to public confidence in the business. Examination reports repeatedly refer to the bank as "clean, strong, well man- aged, conservative, in good condition, and prosperous." Local opinion confirms these feelings as witnessed by the sum total of deposits by the end of 1904: $834,937. In addition, a local newspaper presents bank officers as "up-to-date, conservative, far-sighted and keen" in their business dealings." With the First National in such a secure condition, and having such a competent and well-liked management, it is doubtful if Staten Islanders were parepared for the next piece of major news they would hear concerning the bank. Readers of the Staten Islander of February 4, 1905 were greeted by a story re- lating the proposed absorption of the First National by the Corn Exchange Bank, a state banking institution. The Corn Exchange Bank had proposed to take over First National stock at an offer of $325 per share and in time absorb it. The directors of the Staten Island bank had met on February 2nd and a majority of the holders of stock on the board had favored the offer. The takeover was not to be sudden or imme- diate, but would involve a gradual transfer of First National busi- ness to the state bank, and the eventual resignation of its federal charter. Since national banks were not then allowed to have branches or independent connections with other banks, the Corn Exchange plan seemed flawed from the start. But the state bank went on to declare its further hope of retaining most of the former officers and directors as an advisory group and of keep- ing on the old staff to maintain the bank's popularity among Is- landers.' Events now transpired more quickly than originally antici- pated. A final figure of $328 per share was reached on February 6th for the sale of First National Bank stock. Walter E. Frew, act- ing for the Corn Exchange Bank, took possession of 843 shares of stock and, along with the directors who temporarily retained at least ten shares each, acted as a committee to liquidate the Staten Island Bank. Upon completion of liquidation, the direc- tors' shares were to be turned over to Frew, giving the Corn Ex- change Bank 975 of 1,000 shares. The remaining stockholders were offered the same terms of sale for their stock until further notice. Both promised to sell. The same staff was retained to conduct business and the current board and officers did remain as an advisory group." The First National Bank held its last stockholders meeting on February 16, 1905. A resolution for voluntary liquidation was passed to take effect on February 25th, at which time the bank would become the Corn Exchange Bank, Staten Island Branch, Page 195 operating at the same location. On February 23, 1915 the branch moved to another building at 162 Stuyvesant Place (now 24 Bay Street) next to the St. George Branch of the New York Public Library. In 1957 the bank changed its name to the Chemical Corn Exchange Bank and more recently to the Chemical Bank. This branch is still in operation and if one looks closely at the front of the building, the words Corn Exchange Bank can still be discerned." The question arises as to why the directors and stockholders decided to terminate the business of the First National in 1905. Speculation is the only avenue open to arriving at a possible answer. The bank was prosperous, and the officers esteemed in the community. But what better time to sell an investment than at the height of its success? Also, the bank's federal charter would expire in 1906, and while renewal would have been rou- tine for such a successful operation, it would have meant the be- ginning of a new era for the bank. The sale was a wise financial move, in keeping with the opinion of most people that the offi- cers and directors were talented, far-seeing and admirable busi- ness men. OFFICERS DIRECTORS James M. Davis 1886-94 John F. Emmons 1886-1902 Frederick White 1886 Eckstein Norton 1886-93 Albert B. Boardman 1886-96 H. Eugene Alexander 1886-95 Nicholas C. Miller 1886-90 Thomas M. King 1886-89 Reuben Lord 1886-91 Louis Dejong, Sr. 1886-92 Anton G. Methfessel 1886-94 James Tully 1886-89 Cornelius C. Eddy 1886-1905 James B. Pollock 1886-89 Charles H. Ingalls 1886-1905 August Horrmann 1886-98 Clarence T. Barrett 1889-1905 Sidney F. Rawson 1889-1905 J. Eberhard Faber 1889-1905 Charles E. Griffith 1890-1902 Percival G. Ullman 1891-95 Louis Dejong, Jr. 1892-1903 Jacob J. Housman 1893-1903 Orrin S. Wood 1894-1902 John Westbrook 1894-1903 Louis Benziger 1895-96 Frederick Rodewald 1895-1905 Francis S. Gannon 1896-1902 Bruno Benziger 1897 Abram Cole 1897-1905 Henry T. Knowlton 1899-1902 Kintzing P. Emmons 1902-05 E.A. deLima 1902-05 Bruno Benziger 1902-05 James G. Timolat 1902-05 C.S. Sims 1902-05 William G. Willcox 1903-05 Robert W. Nelson 1903-05 Jerome A. King 1903-05 PRESIDENTS James M. Davis 1886-93 H. Eugene Alexander 1893-94 Charles H. Ingalls 1894-1905 VICE PRESIDENTS Charles H. Ingalls 1886-92 John Francis Emmons 1892-94 H. Eugene Alexander 1894-95 Louis Benziger 1895-96 John Francis Emmons 1896-1902 Frederick L. Rodewald 1902-05 CASHIERS Cyrus Walser 1886-87 F.U. Johnstone, Jr. 1887-90 J.H.B. Edgar 1890-92 Charles H. Ingalls 1892-93 Theodore H. Spratt 1894-1905 Colorado Springs CC Card A Rio Grande Southern Railroad Company stock certificate is the subject for a lithographed souvenir card issued by the Colo- rado Springs Coin Club for their annual show in July. The card is available for $3.50 from Gerome Walton, P.O. Box 9833, Colorado Springs, CO 80932. Colorado Springs Coin Show July 5 & 6, 1986 Colorado Springs, Colorado 5m 44 BUYING and SELLING PAPER MONEY U.S., All types Thousands of Nationals, Large and Small, Silver Certificates, U.S. Notes, Gold Cer- tificates, Treasury Notes, Federal Reserve Notes, Fractional, Continental, Colonial, Obsoletes, Depression Scrip, Checks, Stocks, etc. Foreign Notes from over 250 Countries Paper Money Books and Supplies Send us your Want List ... or ... Ship your material for a fair offer LOWELL C. HORWEDEL P.O. BOX 2395 WEST LAFAYETTE, IN 47906 SPMC #2907 ANA LM #1503 Paper Money Whole No. 125 Souvenir Card by Bank Note Engravers Guild A souvenir card has been issued to mark the meeting of the BNEG at Lake George, NY. The engraver's tools, stamp and union card are all intaglio engraved, The card was printed on a spider D press. One topic of discussion at the meeting was the possible mer- ger with the Plate Printers Union of New York. Due to the limited number printed, only one card per individ- ual will be honored. Send a $10 check to Bank Note Engravers Guild of New York, P.O. Box 535, Stapleton Sta., Staten Is- land, NY 10304. Allow four weeks for delivery. Page 196 FOOTNOTES All primary source material is from the National Archives in Washington, D.C. 'Charles H. Ingalls to Henry W. Cannon, Comptroller of the Currency, Dec. 4, 19 and one undated, 1885. 'Ingalls to Cannon, Dec. 24, 1885. 'Staten Islander, March 1, 1905; Richmond County Standard, Jan. 16, 1886; Treasury form, unnumbered, Jan. 28, 1886. 'Standard, Jan. 16; Feb. 13; Sept. 25, 1886, Staten Islander, March 1, 1905. 'Comptroller of the Currency, Annual Report, 1886, p. 246. 'Standard, Jan. 16; Sept. 25, 1886; Dec. 29, 1888; Staten Is- lander, March 1, 1905; Ingalls to Cannon, Feb. 25, 1886. 'Staten Islander, March 1, 1905; Comptroller of the Currency, Annual Report, 1890, p. 250; Ingalls to Edward S. Lacey, Comptroller of the Currency, March 5, 1890. 'Staten Islander, Jan. 16, 1892, Comptroller of the Currency; Annual Report, 1892, p. 751. 'Ingalls to R.M. Nixon, Deputy Comptroller of the Currency, Feb. 2, 1892; Ingalls to A. Bar- ton Hepburn. Comptroller of the Currency, Feb. 21, 1893. 'Staten Islander, Jan. 13, 1894. "Ibid. 'Staten Islander, Feb. 27, 1897; March 1, 1905. "Staten Islander, Jan. 13, 1894. "Ingalls to Charles G. Davies, Comptroller of the Currency, Nov. 9, 1899. 'Ibid. "Ingalls to F.P. Kane, Deputy Comptroller of the Currency, Nov. 28, 1899. United States Comptroller of the Currency. Examination Report, First Na- tional Bank of Staten Island. April 14, 1903. Ingalls to Wil- liam B. Ridgely, Comptroller of the Currency, May 13, 1903. "Comptroller of the Currency, Examination Report, First Na- tional Bank of Staten Island, May 9, 1902; April 14, 1903; Oct. 2, 1903; May 11, 1904; Nov. 11, 1904; Staten Islander, Jan. 14, 1903; Comptroller of the Currency. Annual Report, 1904, p. 1018. 'Staten Islander, Feb. 4, 1905. 'Staten Islander, Feb. 8, 1905. "First National Bank of Staten Is- land. Minutes of Stockholders Meeting. Feb. 16, 1905; First National Bank of Staten Island. Resolution for Voluntary Liqui- dation, Feb. 16, 1905. To the Friends and Depositors of the First National Bank of Staten Island, (1905). / /11 // // 7/7/ //// /77 (K. Paper Money Whole No. 125 Page 197 Interest Bearing Notes ALadrarym s The Memphis Show is now behind us. In the ensuing weeks a number of activities are planned. I'm writing this just before the ANA Convention, but the editor will be including the 1986 elec- tion results below. MEMPHIS 1986 In the July-August issue you found a report of the SPMC Awards Banquet held at Memphis. You also found with your May-June issue a special 25th Anniversary card that was made available by the American Bank Note Company to all SPMC and IBNS members, featuring the Statue of Liberty printed in in- taglio, with a matching hologram. In answer to several requests about extra cards, we have none available for sale — each member received one with the May-June issue. As a bonus, a card will be sent (as long as supply lasts) to each NEW MEMBER of the SPMC. The SPMC Governors met on June 21; several matters of in- terest and importance were discussed: • We voted to increase the 1987 dues to $20 per year. This was done only after much discussion and consideration of other options. The cost of printing and mailing the maga- zine MUST be covered by dues, and with the increased printing and mailing costs, we must adjust our dues accord- ingly. • We voted to elect a new Secretary and a new Treasurer for the Society. Bob Cochran of Florissant, Missouri has been named secretary, and Dean Oakes of Iowa City, Iowa has been named treasurer. With these new people taking office, we should be able to keep our membership records current. Mr. Cochran will keep the membership records for the Society, and be in charge of dues renewals, address changes, and related communications. If you have any problems regarding your membership, dues, non-re- ceipt of issues, etc., please contact: Bob Cochran SPMC Secretary P.O. Box 1085, Florissant, MO 63031 • We voted to approve an installment payment plan for Life Members. This provides for payments of $50 bi-monthly until the $300 is paid in full. LIFE MEMBERSHIPS Ron Horstman, who is the New Membership Coordinator, will still be accepting and processing NEW applications for mem- bership. He will also be handling the LIFE MEMBERSHIPS (as some of them are also new members). If any of the LIFE MEM- BERS have NOT RECEIVED their metallic Life Membership card, please contact Ron, so that one can be ordered for you. Contact: Ron Horstman Box 6011 St. Louis, Missouri 63139 As a point of interest, it will be beneficial to the Society that the Secretary, New Membership Coordinator, and Editor all live within the St. Louis area. This should facilitate communication relating to membership and other matters. SPMC LAPEL PINS AVAILABLE Each charter member of SPMC received a special charter member pin—either in person at Memphis, or thereafter by mail. There are 101 charter members who received pins. At the same time we ordered these pins, we ordered some extra pins with the SPMC logo, only without the "Charter Member" desig- nation. We sold some of these at Memphis, and still have some pins left. They are $5.00 each, plus 50C postage. Send a check made out to SPMC to: Steve Whitfield, SPMC Awards Chairman P.O. Box 1122 Omaha, Nebraska 68101 The artwork for the SPMC logo was done several years ago by Brent H. Hughes (SPMC #7), who now lives in South Caro- lina. Brent was an exhibit designer for the FBI, and has au- thored many articles on paper money and is also well known for the slide programs he has produced. He is a former member of the Board of Governors of the SPMC. SPMC BOARD MEMBERS ELECTED The following members were elected to 3-year terms to the SPMC Board of Governors. We apologize for any inconven- ience about the notation on the ballots that they would be counted in Memphis (this could not have been possible) —but they were counted at the ANA Convention in Milwaukee, and the results are: SPMC GOVERNORS Dean Oakes 295 Wendell Wolka 272 Tom Denly 259 Roger H. Durand 252 Charles Colver 246 The votes received by the other candidates were: Nelson Page Aspen 238 Robert Cochran 211 Bernard Schaaf 181 Roman L. Latimer 133 Nancy Wilson withdrew A total of 560 votes were received. DUES NOTICE - 1987 You will find your dues notice for 1987 enclosed with this issue. Please take a moment now to send in your dues. Starting in 1987 the annual dues are $20. Your cooperation in renewing prompty will minimize the cost of sending "second notice' . state- ments. • Please pay your dues promptly. • Fill out and keep your 1987 membership card with your name and the year 1987. Your membership number ap- pears on your mailing envelope. • Check the mailing label and make any necessary cor- rections. It is also important that you notify the secretary promptly of any change of address, as returns by the Postal Service are costly and result in delays in the receipt of your magazine. • Send 1987 dues check and completed notice to: Bob Cochran, SPMC Secretary P.O. Box 1085 Florissant, MO 63031 Page 198 Award Winners and Speakers at Milwaukee — ANA The following received awards for their paper money exhibits in the specified categories. U.S. Paper Money: first, Martin Delger (U.S. Fractional Currency—Third Issue); second, William H. Horton, Jr. (One Dollar Note Types, 1862 to Present); third, Karen Jach (Pioneer Family Notes by Treasury Seal Type). U.S. Obsolete: first, Charles A. Fenwick (The Bank of Bat- tle Creek, Michigan); second, Bertha G. Fenwick (Our Only $3 Currency Note); third, Radford Stearns (Georgia State Currency, 1861-1865). Foreign: first. Gene Hessler (12 Bank Notes, Their Designs and Designers); second, Joseph E. Boling (Japan's 1946 Currency Reform); third, Howard M. Berlin (Palestine Cur- rency Board Bank Note Vignettes). Local Interest: second, Thomas R. Snyder (Wisconsin's "First" National Bank Note). Young Numismatist Award: Edward M. Canty (A Selection of Hong Kong Coins and Currency). The Julian Blanchard Award, given for an exhibit that com- bines bank notes, proofs, vignettes and stamps was received by Dr. Glenn E. Jackson (Lorenzo Hatch, Engraver). At the general SPMC meeting, Dr. Glenn E. Jackson of- fered a slide presentation on the subject of his exhibit. At a gathering of the Essay-Proof Society, Barbara R. Mueller, former PAPER MONEY editor, spoke with the aid of slides on the relationship of bank notes and stamps. In the Numismatic Theatre, the following gentlemen spoke on a variety of paper money subjects: Douglas B. Ball, Gene Hessler, Chet Krause, Milton J. Seidel, Neil Shafer and Robert A. Vlack. On the Midway at the ANA During the ANA Convention the following were in residence at the SPMC table: Nelson Page Aspen, Ken Barr, Charles Colver, Gene Hessler, Bill Horton, Bruno Rzepka, John Wilson and Wendell Wolka. From the sale of books, ABN Co. Sheets and 25th anniversary pins, just under $1,000 was added to our treasury. New Literature SAN FRANCISCO CLEARING HOUSE CERTIFICATES, LAST OF CALIFORNIA'S PRIVATE MONEY by Robert J. Chandler; published by McDonald Publishing, P.O. Box 20443, Reno, NV 89515; 1986, 32 pp., softcover, $3.95 postpaid. All you wanted to know about this subject, and then some, is packed into this monograph. During the financial panic of 1907, the San Francisco Clear- ing House (SFCH) issued a huge number of "certificates" which have come to be considered as the last issue of true "private money" in the state. All eight types of SFCH Certificates are il- lustrated with complete, detailed descriptions. The last pamphlet on the subject, published in 1909, is re- printed here. The list of Clearing House Members and a sug- gested reading list is included. As sketchy as it might be, there is a considerable amount of history of the use of gold and paper money in San Francisco. Robert Chandler has done a thorough job of covering the subject in this easy-to-read monograph. (ed.) Paper Money Whole No. 125 RECRUITMENT REPORT John Wilson 21 Wendell Wolka 9 Richard J. Balbaton 19 Grover Criswell 3 NEW MEMBERSHIP COORDINATOR Ronald Horstman PNEW St. Louis,.amBoox636103191 MEMBERS 7210 Allen Rubenstein, 1600 N. Beverly Dr., Beverly Hills, CA 90210; C, U.S. Currency. 7211 Donald Gorman, 1600 162nd Ave. #17, San Leandro, CA 94578; C&D. 7212 Ray Anthony, Box 89, Umpqua, OR 97486; D, Type notes. 7213 Steven Zettle, 607 Lancer Dr., Portsmouth, VA 23701; C. Ob- solete PA. notes. 7214 Randy Santos, 43 DeWitt Rd., Elizabeth, NJ 07208; C. 7215 Richard O'Brian, 213 S. Jackson, Moscow, ID 83843; D. 7216 Steven Feiertag, 14 Louise Dr., West Nyack, NY 10994: C, Souvenir cards. 7217 Le Greenberg, 100 Vail Rd. Apt. H21, Parsippany, NJ 07054; C, U.S. & Israel. 7218 William Moore, 34 Hillcrest Rd Martinsville, NJ 08836; C, Odd denominations. 7319 Henry Bessler, 40 Hilltop Dr Burlington, MA 01803; C, Sou- venir cards. 22 Robert Comely, P.O. Box 566101, Atlanta, GA 30356; D, Georgia paper money. 7220 Dale Johnson, 5357 Indian Wells Rd Las Vegas, NV 89110; C, U.S. Government notes. 7221 Christopher Crane, 11 Main St., Dalton, MA 01226; C. 7222 Anthony Hughes, 6725-3rd Ave. So., Richfield, MN 55423; C, U.S. currency. 7223 Frank Rhoades, P.O. Box 410, New York, NY 10101; C, U.S. currency. 7224 Richard Gaier, 201 Berkley, Springfield, OH 45504; C. 7225 SDK Brown, 618 Oak Tree Court, Ft. Wayne, TN 46825; C, Large-size notes. 7226 Francis Szezepanik, 2954 Washington Ave., Granite City, IL 62040; C. 7227 Manny Villagran, 9737 Wiley Burke Ave., Downey, CA 90240; C. 7228 Russell Bell, P.O. Box 859, Tiburon, CA 94920; D, Souvenir cards. 7229 Everett Engles, 45 John St., New York, NY 10038; C. 7230 Wayne Williams, 1340 Main Ave., Sacramento, CA 95838; C, Fractionals, obsolete bank notes. 7231 Jeff Price, 2535 Kansas Ave.-204, Santa Monica, CA 90404. 7232 Tommy Annas, 149 Hudson Ave., Chatham, NY 12037; C, Type notes. 7233 Salvatore Falcone, 985 S. Bascom Ave., San Jose, CA 95128. 7234 Sherwin Borsuk, 42 Lydale Pl., Meriden, CT 06450; C. Collectors Dealers Paper Money Whole No. 125 7235 Roy Shirley, 60-A Sycamore St., San Francisco, CA 94110. 7236 Robert Kolesar, Box 6051, Richmond Beach, WA 98160. 7237 Carrie Carey, 1605 Marino Ave., Everett, WA 98204. 7238 Kaufman Arenberg, 5860 Goldsmith Pl., Englewood, CO 80111. 7239 Willy Ng, P.O. Box 16671, Jersey City, NY 07306; C, Speci- men notes. 7240 Raymond Won, 3270 Pahoa Ave., Honolulu, HI 96816; C, General. 7241 Robert Hrebek, 309-Hawthorne, Aurora, OH 44202; C, U.S. currency. 7242 Richard Nachbar, 5820 Main St. Suite 500, Williamsville, NY 14221; D. 7243 Fred Ondo, P.O. Box 9243, Highland, IN 46322; C, World bank notes. 7244 Lyle Shaker, 3317 Funston Pl., El Paso, TX 79936; British Commonwealth, U.S. MPC & souvenir cards. 7245 C.M. Teeman, 6291 Valley Knoll Dr., Rockford, IL 61109; C, Souvenir cards. 7246 Jerry Taub, 37 Tuthill, Ellenville, NY; C, Civil War, Colonial, ob- solete fractionals. 7247 Allen Salyer, P.O. Box 1385, Troy, MI 48099; C, Canadian bank notes. 7248 James Callier Jr., 1616 S. Voss, Houston, TX 77057. 7249 William Bassett, 5330 San Mateo NE D62, Albuquerque, NM 87109; C&D, Mexican notes. 7250 Ed Boyer, 8420 SW 133rd Avenue, RD #202, Miami, FL 33183; C&D, Obsolete foreign currency. 7251 Michael Ferry, 1033 Faulkner St., Conway, AR 72032; C, Ob- solete notes. 7252 Douglas Gorga, 870 Jon Lane, Endwell, NY 13760; C, Obso- lete bank notes. 7253 M.S. Kazanjian, 25 King Phillip Ave. Barrington, RI 02806; C, RI and New England obsolete notes. 7254 Jeffrey Bailey, 905 Glendean Ave., Apt. #6, Dayton, OH 45431. 7255 Thomasz Sluszkiewicz, P.O. Box 222, 30965 Krakow 69, Poland; C, Europa, U.S. and Canadian notes. 7256 Richard Hegel, 29 Loomis Pl., New Haven, CT 06511; C, New Haven bank notes. 7257 Myron Harmon, P.O. Box 44, Notasulga, AL 36866; C, U.S. currency. 7258 Armand Champa, P.O. Box 22316, Louisville, KY 40222; C. 7259 B. Frank, 3 South Ave., Ryton, Tyne & Wear, NE40 3LD, England. 31 Leonard Stark, 247 E. Chestnut St., Chicago, IL 60611; C, Ob- solete notes. 7261 William Kriebel, 1923 Manning St., Philadelphia, PA 19103. 7262 Carla Radford, 400 Ceape Ave, Oshkosh, WI 54901. 7263 William Myers, 74 Westline Dr., Daly City, CA 94015. 7264 Cora Aten, 1015 S. 13th St., Richmond, IN 47374. 7265 Iry Grossman, 1283 East 17th St., Cleveland, OH 44114. 7266 Roberto Miguel, 6425 Apple Way, W. Palm Beach, FL 33406. 7267 Richmond Simmons, P.O. Box 548, Minneola, FL 32755. 7268 James Boyer, 1835 Violet Dr., Florissant, MO 63031. 7269 Pete Strange, Fairway Dr., Danbury, CT 06810. 7270 Henry Gates, P.O. Box 3517, Myrtle Beach, SC 29578. 7271 David Anderson, c/o Colwell Systems, 201 Kenyon Rd., Cham- paign, IL 61820. 7272 James Thompson, 170 Thompson Dr., Bridgeport, WV 26330. 7273 Stan Miller, D34 Fox Run, Poughkeepsie, NY 12603. 7274 Virginia Fitz, Laplante Rd., Lebanon, NH 03766. 7275 Pat Melellen, 4410 Merrell Rd., Dallas, TX 75229. 7276 Edward Beers Jr., 384-D Golfview Rd., N. Palm Beach, FL 33408. 7277 Dana Marr, P.O. Box 4155, Tulsa, OK 74159. 7278 Richard Sowers, 89 Oakcrest Lane, Westampton, NJ 08046; C.. U.S. currency. 7279 William Roe, 68 Dodgington Rd Bethel, CT 06801; C, Attrac- tive U.S. & world notes. Page 199 7280 Dennis Delhousay, 12323 Lakewood, Downey, CA 90242; C. 7281 Charles Fenwick, Box 2575, Kalamazoo, MI 49003; C. 7282 James Olson, P.O. Box 696, Seneca, IL 61360; C, Souvenir cards. 7283 Sean McDonald, 7566 Wilson Mills Rd., Chesterland, OH 44026; C. 7284 Earl Hogard, P.O. Box 1197, Mt. Home, AR 72653; C&D. 7285 V.J. Jordan Jr., 1904 Rogers, Amarillo, TX 79186; C, General. 7286 Tyrone Beatty, P.O. Box 1263, West Point, MS 39713; C. 7287 Don Morris, P.O. Box 5314, Greenville, MS 38701; C. National bank notes. 7288 James Barr, 170 Thompson Dr., Bridgeport, WV 26330; C, WV. 7289 Edward Dayer, 5000 W. Oakland Park, Ft. Lauderdale, FL 33313; C, U.S. type notes. 7290 Hollis O'Neal, Box 110262, Nashville, TN 37222; C. 7291 Jerry Austin, 1049 Regency Dr., Charlotte, NC 28211; C&D. 7292 Gregory McNeal, 1228 Piccadilly Circle, Naperville, IL 60540; C. 7293 Sam Halter, P.O. Box 2214, Valdosta, GA 31601; D, U.S. notes. 7294 Richard Petrosky, RR3, Box 165 Maryann, Oakridge, NJ 07438; C, NBN-1929, FRBN. 7295 Richard Sprow, 764 Graham NW, Camden, AR 71701; C. 7296 Theodore Robinson, 700 N. 2nd St. Rice, Richboro, PA 18954; C&D, Stocks & bonds. 7297 Lee Quast, 10524 Cavell, Bloomington, MN 55438; C, Souvenir cards. 7298 Sherwin Friedman, 3 Appletree Square, Bloomington, MN 55420; C, National currency. 7299 Walter Fortner, 3630 Hulman St., Terre Haute, IN 47803; C, Terre Haute banks. 7300 Mark Anderson, 400 Court St. I, Brooklyn NY 11231; C, Wis- consin. 7301 Jerry Swanson, P.O. Box 565, Rochester, MN 55903; C&D, Fractionals & type notes. 7302 Dan Harley, 13162 Hwy. 8, El Cajon, CA 92021; C. 7303 Norman Drexler, 1433 Bardstown Rd., Louisville, KY 40204; C&D, U.S. 7304 James Briede, 1710 Ft. Henry Dr., Ft. Wright, KY 41011; C&D. 1934 notes. 7305 Harvey Rose, P.O. Box 2726, El Cajon, CA 92021; C&D. 7306 Robin Ellis, 14527 Woods Hole Dr., San Antonio, TX 78233; C&D, Paper Ephemera. 7307 Patrick Forti, 2405-1st Ave., #14A, New York, NY 10035: Souvenir Cards. 7308 Leonard L. Brooks, Jr., P.O. Box 242, N. Wilkesboro, NC 28659; C, Confederate & NC State. 7309 Daniel Aubeuf, P.O. Box 7481, San Diego, CA 92107; C, Con- federate Money. 1504 Jack Paul, 2827 Westbrook Dr. #501, Ft. Wayne, IN 46805; C&D, Small-size national bank notes. 7310 Gary Del Re, 208 Knollwood Lane, Vernon Hills, IL 60061; C. 7311 Roger Waddle, Rt. 2, Box 123, Dillsboro, IN 47108; C, Na- tional, obsolete & world bank notes. 7312 Steve Schoen, 3801 Esplanade, Marina Del Rey, CA 90292; C. U.S. Colonial. 7313 R.T. Fritzsche, 14638 Mallard Ln., Lockport, IL 60441; C. 7314 Leo Rogers, 903 S. Frederick St. #7, Arlington, VA 22204; C. 7315 Robert Reisig, 3416 Healey Rd., Sebring, FL 33870. 7316 James Conn, 2529 Clara Ln. #216, San Antonio, TX 78213; C. Confederate & southern states. 7317 Edward Breslauer, S-6 USS Carl Vinson, FPO San Francisco, CA 96629; C, Obsolete bank notes. 7318 Glenn Clark, 1773 Galloway Ave., Memphis, TN 38112; C, Memphis, TN notes. 7319 Marvin Broyhill, 216 Stratford Dr., Colonial Heights, VA 23834: C&D, Obsolete notes. 2559 Martin Gengerke, 32-32 60 St., Woodside, NY 11377; C&D. Page 200 mongymart Paper Money will accept classified advertising from members only on a basis of 5( 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, Gene Hessler, Mercantile Money Museum, Box 524. St. Louis, MO 63166 by the tenth of the month preceding the month of issue (i.e. Dec. 10, 1986 for Jan. 1987 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, $1 SC, U.S. obsolete. John W. Member, 000 Last St., New York, N.Y. 10015. (22 words: $1: SC: U.S. FRN counted as one word each) WANTED: ILLINOIS NATIONALS AND OBSOLETES — Carmi, Crossville, Enfield, Grayville, Norris City, Fairfield, Al- bion, Dahlgren, Omaha, New Haven. Pete Fulkerson, c/o The National Bank, 116 W. Main, Carmi, IL 62821 (127) WANTED: MACERATED MONEY: postcards and any other items made out of macerated money. Please send full details to my attention. Bertram M. Cohen, PMW, 169 Marlborough St., Boston, MA 02116 (128) BUYING ALABAMA MATERIAL: NATIONALS, OBSO- LETES, checks, stocks, cards, North Alabama, Florence, Hunts- ville. Write Bob Whitten, 217 E. Irvine Ave., Florence, AL 35630 (125) NEW YORK NATIONALS WANTED. Athens, Catskill, Cox- sackie, Germantown, Hudson, Hunter, Kinderhook, Philmont, Tannersville, Windham. Send description and price. All letters answered. Robert Moon, Box 81, Kinderhook, NY 12106 (126) WANTED VIRGINIA: Nationals. Broken Bank and Scrip. Send description. Corbett B. Davis, 2604 Westhampton SW, Roanoke, VA 24015. (128) WANTED, ALL OBSOLETE CURRENCY, ESPECIALLY GEORGIA, which I collect. Particularly want any city-county issues, Atlanta Bank, Georgia RR Banking, Bank of Darien, Pigeon Roost Mining, Monroe RR Banking, Bank of Hawkins- ville , La Grange Bank, Central Bank Milledgeville, Ruckersville Banking Co., Bank of St. Marys, Cotton Planters Bank, any private scrip. I will sell duplicates. Claud Murphy, Jr., Box 15091, Atlanta, GA 30333. (125) NORTH CAROLINA OBSOLETE CURRENCY AND SCRIP WANTED. Send description, photocopy if possible and price. Interested in single notes or accumulations. Jim Sazama, P.O. Box 1235, Southern Pines, NC 28387 (127) Paper Money Whole No. 125 NEW EGYPT, NEW JERSEY (#13910 & 8254) Nationals wanted. Any condition. Please write first. Dennis Tilghman, P.O. Box 2254, Princeton, NJ 08540 (128) ICELAND, ICELAND. BUYING PAPER MONEY FROM ICELAND: P-1 to P-21, P-23 to P-26, P-30 and P-31. I collect them by signature variety. If you have any of these notes for sale, please send me some price lists and photocopies. K. Hall- clOrsson, Box 433, Hafnarfjordur, Iceland. (126) EASTMAN COLLEGE CURRENCY wanted. Also obsoletes with vignettes: Declaration Signing, Washington's Crossing, Drummer Boy, Five Presidents, Cowboys, Delaware Bridge, Matrimony. Robert W. Ross III, P.O. Box 765, Wilmington, DE 19899. (125) RHODE ISLAND OBSOLETES, COLONIALS, CHECKS, BANK POSTCARDS, SCRIP and BOOKS wanted by serious collector. Duplicates also needed. Describe and price, all conditions considered. Roland Rivet, Box 7242, Cumberland, RI 02864. (131) ERROR NOTES: Specialist buying and selling misprints on US paper money ranging from double denominations thru ink smears. SPMC members may request next photo-illustrated sales catalogue free. Frederick J. Bart, Box 32314, Cleveland, Ohio 44132, (216) 585-3644 (125) WANTED: COLONIAL GEORGIA. Will pay $400 for 1776 Blue-Green Seal $4 or 1777 No resolution date $4. Also want most pre-1776 issues. Radford Stearns, 5400 Lawrenceville Hwy., Lilburn, GA 30247, (404) 921-6607. (132) DEVILS LAKE, NORTH DAKOTA NATIONALS WANTED: Charters 3397, 3714, 5866. Any type, condition. Send description and price to Richard Dockter, 1112 2nd Ave. E., Devils Lake, ND 58301. (126) YOUR CHOICE OF SAMPLE ITEM WITH SPECIALIZED price list for $1. List available: Military Payment Certificates— World War II—Japanese Invasion Money—Philippine Guerrilla Currency—German Notgeld —Japanese Paper—Vietnam Propaganda Leaflets—World Bank Notes—U.S. Currency- Stocks—Stamps (Plate Blocks or First Day Covers). Edward B. Hoffman, P.O. Box 10791-S, Reno, NV 89510-0791. (126) DISTINCTIVE DOCUMENTS is selling historical western documents, stock certificates, autographs, checks, financial paper and more! Three illustrated catalogs $2. Members of 13 collecting and historical organizations. Box 100, Cedar City, UT 84720. (126) KALAMAZOO, MICHIGAN NATIONALS WANTED, also want nationals from Palestine, Texas, Illinois, Ohio. etc. Want CU Kuwait 1960 regular issue and specimen notes. Jack H. Fisher, Howard Professional Building - Suite AA, 750 Howard Street, Kalamazoo, MI 49008. (128) WANTED: OHIO NATIONALS. I need your help. Send list you would sell to: Lowell Yoder, P.O. Box 444, Holland, OH 43528 or call 419-865-5115 (132)) MISSOURI NATIONALS WANTED. Both large and small, also obsoletes. Can find a few duplicates to trade. Forrest Meadows, Route 1, Box 176, Bethany, MO 64424, call 816-425-6054. (131) Paper Money Whole No. 125 CHECK COLLECTION FOR SALE. 200 different railroad checks & drafts c. 1910, $125 postpaid. Also 200 steamboat, oil, manufacturers, etc., checks & drafts c. 1910, $125. Bob Yanosey, 11 Sussex Ct., Edison, NJ 08820. (132) WANTED: CU $1 FRNs with serials 00000055; 00066666; 77777777; 00088888; 00009999; 00099999; 09999999; 99999999. Please describe and price. James E. Lund, 2805 County Rd. 82, Alexandria, MN 56308. (125) EXCELSIOR SPRINGS MISSOURI NATIONALS WANTED. Charter 7741, any condition accepted. Other Missouri nationals needed, higher grade if possible: Independ- ence 1529 and 4157, Liberty 3712, Warrensburg 1856 and 5156, Hannibal 1571. In need of any Kansas City nationals. Send description. James Tremaine, P.O. Box E, Excelsior Springs, MO 64024. (126) MICHIGAN NATIONALS, OBSOLETES, SCRIP WANTED. Buy and sell. Also have SC. FRN block sets and fractionals. Dr. Wallace Lee, Suite 210, Summit Place, Pontiac, MI 48053. (126) WOODBRIDGE, NEW JERSEY NATIONALS WANTED. Charters 8299 and 11888. Please write first. George R. Ruskai, 588 Linden Avenue, Woodbridge, NJ 07095. (127) NEW YORK NATIONALS WANTED FOR PERSONAL COLLECTION: TARRYTOWN 364, MOUNT VERNON 8516, MAMARONECK 5411, Rye, Mount Kisco, Hastings, Croton on Hudson, Pelham, Somers, Harrison, Ossining, Yonkers, White Plains, Irvington, Peekskill, Bronxville, Ardsley, Crestwood, New Rochelle, Elmsford, Scarsdale, Larchmont, Portchester, Tuckahoe. Send photocopy; price. Frank Levitan, 530 Southern Blvd., Bronx, NY 10455, (212) 292-6803. (135) WANTED: MARYLAND NATIONALS AND COLONI- ALS. Hyattsville, Laurel, Upper Marlboro, Mt. Rainier. Bill Ale- shire, 16013 Philmont Lane, Bowie, MD 20716. (125) KALAMAZOO, MICHIGAN NATIONALS WANTED. Also want Michigan Nationals with serial number ONE and Michigan cancelled checks prior to 1900. Jack Fisher, 3123 Bronson Blvd., Kalamazoo, MI 49008. (140) NUMBER 1 and 11111111 UNITED STATES type notes wanted and unusual United States error notes. Jack Fisher, 3123 Bronson Blvd., Kalamazoo, MI 49008. (140) KUWAIT 1960 NOTES in regular issue and specimen, also want Jordan, Saudi Arabia and scarce Middle East notes. Jack Fisher, 3123 Bronson Blvd., Kalamazoo, MI 49008. (140) CANADA WANTED. 1923 $2 all signatures and seals. Low serial numbers 1935 Bank of Canada and Canada specimen notes. Jack Fisher, 3123 Bronson Blvd., Kalamazoo, MI 49008. (140) BEP UNCUT SHEETS and current FR notes. Buy, trade or sell. Glover, P.O. Box 8941, Trenton, NJ 08650 (128) BUYING: SMALL AND LARGE-SIZE NATIONALS from the First National Bank of Akron, Iowa, Charter 7322. Write with offers. James VanderHelm, Rt. 3, Box 185A, Akron, Iowa 51001. (126) KENTUCKY NATIONALS WANTED: Especially Winchester 995, 2148, 3290, Mt. Sterling 2185, 2216, 6129, 6160, Can- nel City 7891. Need most other central KY., also obsoletes. J. Phillips Elam, 16 Central, Winchester, KY 40391 (127) Page 201 WANTED, MISSISSIPPI NATIONALS, LARGE AND SMALL, especially want the following charters in type I $10: 2957, 3765, 5176, 5613, 7461, 10494, 10688. 12222, 12478, 13553, 10738 first title. Don Rawson, P.O. Box 3418, Meridian, MS 39305. (125) BUYING CERTAIN UNITED STATES GOVERNMENT REVENUE certificates dated from 1873 to 1885. Frank Sprinkle, 304 Barbee Blvd., Yaupon Beach, NC 28461. PAPER MONEY MAGAZINES: I need the first twelve issues published by SPMC beginning with 1961. Robert Galiette, 10 Wilcox Lane, Avon, CT 06001. (125) PALESTINE CURRENCY BOARD SPECIMEN NOTES WANTED in all denominations and dates in uncirculated con- dition. Prefer notes not mounted and/or previously mounted. Jack H. Fisher, Howard Professional Building — Suite AA, 750 Howard St., Kalamazoo, MI 49008. (131) HUNTSVILLE and WALKER CO. TEXAS WANTED. George H. Russell, 1401 19th St., Huntsville, TX 77340. (135) MISSISSIPPI OBSOLETE NOTES WANTED for my collec- tion. Liberal prices paid for notes needed. Byron W. Cook, Box 181, Jackson, MS 39205. (133) HELP ME to finish PAPER MONEY article on types of bonds issued by the Union Bank of Tallahassee, 1835-39; I have two of the five types, need to locate other three to purchase, or to photograph for inclusion in the article. Send issue dates and serial numbers, I'll reply with type numbers and rarity. Interested in Territorial Florida paper, especially bonds and paper money of Bank of Pensacola, and any office of Southern Life Insurance and Trust Co., St. Augustine. Please indicate condition and price of anything for sale. Carling Gresham, P.O. Drawer 580, Pomona Park, FL 32081. (126) WANTED: VIETNAM PROVISIONALS (P-1 through P-58) for cash. Please send me photocopies and what you are asking. Also have WW currency list, sent upon request. Quoc Nguyen, 3847 Marlborough, San Diego, CA 92105-2522. (128) FOR SALE: Vol. 1 to 24 PAPER MONEY, missing only Vol. 3, No. 2. Best offer by Oct. 31, 1986. W.T. Herget, 9 Ensena- da, Hot Springs, AR 71909. UNCUT SHEET FIRST NATIONAL BANK Dexter, Kansas, 1902, 10-10-10-20. Best offer. Frank Sprinkle, 304 Barbee Blvd., Yaupon Beach, NC 28461. NEW YORK NATIONAL CURRENCY FOR SALE: Amenia, Auburn, Binghamton, Canajoharie, Cherry Valley, Cortland, Deposit, Dunkirk, Fredonia, Glens Falls, Gloversville, Haverstraw, North Tonawanda, Olean, Palmyra, Perry, Rome, Salamanca, Springville, Watertown, Watervliet, Waverly, West- field, others. SASE brings lists. Joe Apelman, Box 283, Cov- ington, LA 70434. WANTED: Checks, letterheads, currency, and scrip from pre-1900 glassworks and manufacturers of bottled products (medicines, soda, liquor, mineral water, bitters, etc.). Informa- tion will be used in research and future publication. Write, describe and price; all letters will be answered. Mike Russell, Re- search, Box 5604, Arlington, VA 22205 (130) WANTED: SOUTH CAROLINA COLONIAL PAPER, Nov. 15, 1775 signed by Salvador. Please quote denom., condition, price. Leonard Finn, 40 Greaton Rd., West Roxbury, MA 02132. (128) New and Revised standard catalog of ythollonm PAPER MONEY by world paper money authority Albert Pick Colin R. Bruce II and Neil Shafer, Editors Volume I Specialized Issues Volume II General Issues New and totally revised Each Volume $45.00* Volume I Specialized Issues features 928 pages devoted entirely to rare and challenging commercial and restricted circulation issues. Volume II General Issues is dedicated to a comprehensive listing of all nationally circulated government legal tender issues, providing full coverage for the 18th through 20th centuries. • 100,000 new and completely updated valuations • Accurate market values in three grades • 250-plus years of world -wide coverage • More than 37,000 unduplicated note listings • Over 17,200 illustrations • 2,016 total pages The Unsurpassed Sourcebook. Now available from your favorite paper money dealer, or from Krause Publications ''Plus $2.50 handling charge when ordering directly from the publisher Krause Publications, Iola, WI 54990 Page 202 Paper Money Whole No. 125 Paper Money Whole No. 125 I I it\ I II) I; \0* 1 ! , 1(YHPI .E..1■, Page 203 WE ARE ALWAYS BUYING ■ FRACTIONAL CURRENCY ■ ENCASED POSTAGE ■ LARGE SIZE CURRENCY ■ COLONIAL CURRENCY WRITE, CALL OR SHIP: t aRRIEHt 111C. LEN and JEAN GLAZER (718) 268.3221 POST OFFICE BOX 111 FOREST HILLS, N.Y. 11375 WM— ■•••■■,_ so( II- 1) 4 4- r\IIR ( )1 1.1 ( r( ,11s fir/ r) NI 42- Charter Member LM-2849 LM-.5773 Page 204 Paper Money Whole No. 125 NATIONAL & WORLD PAPER MONEY CONVENTION ST. LOUIS, MISSOURI CERVANTES CONVENTION CENTER NOVEMBER 13-14-15-16, 1986 Featuring a major paper money auction by Hickman-Oakes Auctions P.O. Drawer 1456, Iowa City, IA 52244 100 OF THE WORLD'S LEADING DEALERS IN RARE CURRENCY WILL BE IN ST. LOUIS TO BUY, SELL AND TRADE WITH YOU. FREE ADMISSION Bourse Information & discount hotel reservations forms: KEVIN FOLEY P.O. Box 589 Milwaukee, WI 53201 (414) 282-2388 Sponsored by The Professional Currency Dealers Association & The Intl. Banknote Society. cda Paper Money Whole No. 125 Page 205 World Paper Money Price List No. A-1986 Genuine uncirculated world paper money now available to collectors at very attractive prices. Cataloged ac- cording to the Standard Catalog of World Paper Money, 4th Edition, General Issues. FREE 50 FIFTY CENTS EACH 506 501 FIFTY CENTS EACH 506 Upon request with order from this ad. Brazil 5 Cruzeiros (1973-) P-192b Indonesia 100 Rupiah, 1977 P-116 Indonesia 1 Sen, 1964 P-90 Brazil 10 Cruzeiros (1979-) P-193b Indonesia 100 Rupiah, 1984 P-122 Indonesia 5 Sen, 1964 P-91 Brazil 50 Cruzeiros (1970-) P-194 Israel 5 Lirot, 1973 P-38 Indonesia 10 Sen, 1964 P-92 Brazil 100 Cruzeiros (1981-) P-198 Israel 10 Lirot, 1973 P-39 Brazil 200 Cruzeiros (1981) P-199 Israel 1 Sheqel, 1978 P-43 lilt TEN CENTS EACH 10< Brazil 500 Cruzeiros (1981) P-200 Israel 5 Shegalim, 1978 P-44 Germany 25 Pfg. (Mecklenburg)-1922 P-NL Brazil 1,000 Cruzeiros (1981) P-201 Israel 10 Shegalim, 1978 P-45 Hong Kong 1 Cent (1952) P-15 Burma (JIM) 1 Cent (1942) P-9b Israel 50 Shegalim, 1978 P-46 Indonesia 25 Sen, 1964 P-93 Burma (JIM) 10 Cents (1942) P-11a Israel 100 Shegalim, 1978 P-47 Laos 1 Kip (1962) P-8 Burma (JIM) Half Rupee (1942) P-13b Laos 5 Kip (1962) P-9b Burma (JIM) One Rupee (1942) P-14b Laos 10 Kip (1962) P-10 251 TWENTY FIVE CENTS EACH 25 4 Burma (JIM) 5 Rupees (1942) P-15b Laos 20 Kip (1963) P-11 Burma (JIM) 10 Rupees (1942) P-16c Laos 50 Kip (1963) P-12 Austria 1 Krone, 1922 P-73 Burma 1 Kyat, Peoples Bank (1965) P-52 Laos 10 Kip, nd P-20 Bulgaria 3 Leva, 1951 P-81 Burma 1 Kyat, Union Bank (1972) P-56 Laos 20 Kip, nd P-21 Bulgaria 5 Leva, 1951 P-82 Burundi 10 Francs, 1981 P-33 Laos 50 Kip, nd P-22 Bulgaria 10 Lava, 1951 P-83 Cambodia 50 Riels (1956) P 7b Laos 100 Kip, nd P-23 Bulgaria 25 Leva, 1951 P-84 Cambodia 100 Riels (1957) P-8a Laos 200 Kip, rid P-23A Bulgaria 50 Leva, 1951 P-85 Cambodia 5 Riels (1961) P 10c Laos 1 Kip (1979) P-25 Bulgaria 100 Leva, 1951 P-86 Cambodia 100 Riels (1962) P 12b Laos 5 Kip (1979) P-26 Bulgaria 200 Leva, 1951 P-87 Cambodia 100 Riesl (1970) P 13b Laos 10 Kip (1979) P-27 China (PRC) 1 Fen, 1953 P-860b Cambodia 100 Riels, nd P-15 Malaya (JIM) $1.00 (1942) P-M5b China (PRC) 2 Fen, 1953 P-861b Cambodia 500 Riels (1973) P 16b Malaya (JIM) $10.00 (1942-) P-M7d China (PRC) 5 Fen. 1953 P-862b Cambodia 1000 Riels, nd P-17 Mexico 1 Peso, 1967 - P-712 China (Taiwan) 50 Cents. 1949 P-949b Cambodia (Kampuchea) 2 Kak, 1979 P-26 Mexico 5 Pesos, 1971 P-723 China (Hainan) 2 Cents, 1949 S-1152 Cambodia (Kampuchea) 5 Kak, 1979 P-27 Mexico 10 Pesos, 1977 P-7241 China (Hainan) 5 Cents, 1949 S-1153 Cambodia (Kampuchea) 1 Riel, 1979 P-28 Mexico 20 Pesos, 1977 P 725d Egypt 5 Piastres, nd P-82d Chile 5 Pesos (1947-) P-79 Mexico 50 Pesos, 1981 P-731 Cambodia 1 Riel (1956) P-4c Chile 5 Pesos (1958-) P-88 Nepal 1 Rupee (1972) P-16 Cambodia (Kampuchea) 1 Kak, 1979 P-25 Chile 5C on 50 Pesos (1961-) P-98 Nepal 1 Rupee (1974) P-22 Korea, South 10 Jeon, 1962 P-28 Chile 10C on 100 Pesos (1961-) P-99 Nepal 2 Rupees (1981) P 29a Korea, South 50 Jeon, 1962 P-29 Chile Half Escudo (1962) P-105a Nicaragua 1 Cordoba, D 1968 P-100 Philippines (JIM) 5 Centavos, nd P-103a Chile One Escudo, nd P-106 Nicaragua 2 Cordobas, D 1972 P-106a Chile 50 Escudos, nd P-109 Pakistan 1 Rupee (1982) P-24B 506 FIFTY CENTS EACH 504 Chile 10 Escudos (1973) P-111A Paraguay 1 Guarani L 1952 P-102b Argentina 1 Peso (1970-) P-287 China 5 Yuan, 1937 P-80 Paraguay 5 Guaranies L 1962 P-104b Argentina 10 Pesos (1970-) P-289 China 5 Yuan, 1936 P-214 Paraguay 10 Guaranies L 1952 P-105b Argentina 1 Peso (1974-) P-293 China 10 C.G.U., 1930* P-327b Peru 5 Soles, 1973 P-99c Argentina 5 Pesos (1974-) P-294 China 20 C.G.U., 1930* P-328 Peru 5 Soles, 1974 P-99c Argentina 10 Pesos (1973-) P-295 China 100 Yen (1945) P-M30 Peru 10 Soles, 1975 P-106 Argentina 10 Pesos (1976-) P-300 China (PRC) 1 Jiao, 1962 P-877 Peru 10 Soles, 1976 P-112 Argentina 50 Pesos (1976-) P-301 b China (PRC) 2 Jiao, 1962 P-878 Peru 50 Soles, 1977 P-113 Argentina 100 Pesos (1976-) P-302 China (Taiwan) 1 Yuan, 1961 P-971b Philippines 10 Centavos (1942) P-104b Argentina 500 Pesos (1977-) P-303 Colombia 1 Peso, 1970 P-404d Philippines 1 Piso, nd P-133h Argentina 1,000 Pesos (1976-) P-304d Colombia 2 Pesos, 1972 P-413a Philippines 1 Piso, nd P-142b Argentina 5,000 Pesos (1977-) P-305b Colombia 5 Pesos, 1980 P-406e Philippines 2 Pisos, nd P-159 Argentina 10,000 Pesos (1976-) P-306b Colombia 10 Pesos, 1974 P-407d Poland 10 Zlotych, 1982 P-148 Argentina 1 Peso Arg. (1983-) P-311 Colombia 10 Pesos, 1980 P-407e Romania 1 Leu, 1966 P-86 Argentina 5 Pesos Arg. (1983-) P-312 Costa Rica 5 Colones, 1981 P-239d Sri Lanka 2 Rupees, 1979 P-64 Argentina 10 Pesos Arg. (1983-) P-313 Ecuador 5 Sucres, 1980 P-113d Sri Lanka 5 Rupees, 1982 P-72 Argentina 50 Pesos Arg. (1983-) P-314 Ecuador 10 Sucres, 1982 P-114b Thailand 1 Baht (1955-) P-74d Bangladesh 1 Taka (1984) P-6B Egypt 10 Piastres, nd P-84 Thailand 5 Baht (1956-) P-75d Bhutan 1 Ngultrum (1981) P-5 Ghana 1 Cedi, 1976 P-13 Thailand 5 Baht (1969) P-82 Bhutan 1 Ngultrum (1985) P-12 Ghana 2 Cedis, 1978 P-14 Turkey 5 Lirasi, L 1970 P-121 Biafra 1 Pound (1968-) P-5a Ghana 5 Cedis, 1977 P-15 Turkey 20 Lirasi, L 1970 P-123 Bolivia 1 Boliviano, 1952 P-128c Ghana 10 Cedis, 1978 P-16 Turkey 10 Lirasi, L 1970 P-130 Bolivia 10 Pesos-Bol., L 1962 P-154 Ghana 1 Cedi, 1982 P-17 Uganda 5 Shillings (1980) P-10 Bolivia 50 Pesos-Bol., L 1962 P-162 Ghana 2 Cedis, 1982 P-18 Uganda 10 Shillings (1980) P-11b Bolivia 100 Pesos-Bol., L 1962 P-163 Ghana 10 Cedis, 1984 P- Uganda 5 Shillings (1982) P-15 Bolivia 500 Pesos-Bol., D 1981 P-166 Guinea 1 Syli, 1981 P-20 Uganda 10 Shillings (1982) P-16 Bolivia 1,000 Pesos-Bol., D 1982 P-175 Guinea 2 Sylis, 1981 P-21 Uruguay 50 Pesos (1971) P-46 Bolivia 5,000 Pesos-Bol., D 1984 P-168 Guyana $1.00 (1983) P-21b Uruguay 100 Pesos (1971) P-47 Bolivia 10,000 Pesos-Bol., D 1984 P-169 Haiti 1 Gourde "plastic", nd P-230b Uruguay 1,000 Pesos (1974) P-53 Brazil 1 Cruzeiro (1954) P-150a Haiti 2 Gourdes "plastic", rid P-231b Uruguay 50C on 500 Pesos (1975) P-54 Brazil 1 Cruzeiro (1955) P-150b Haiti 1 Gourde Td1R (1984) P-239 Vietnam 1 Dong, 1980 P-80 Brazil 2 Cruzeiros (1958) P-151b India 1 Rupee "B", 1980 P-77z Yugoslavia 1 Dinar, 1944 P-48 Brazil 2 Cruzeiros (1955-) P-157 India 1 Rupee (oil rig), 1983 P-78A Yugoslavia 100 Dinara, 1955 P-69 Brazil 5 Cruzeiros (1961-) P-166 Indonesia 5 Rupiah, 1959 P65 Yugoslavia 500 Dinara, 1955 P-70 Brazil 5 Cruzeiros (1964-) P-176d Indonesia 10 Rupiah, 1959 P-66 Yugoslavia 1,000 Dinara, 1955 P-71 Brazil 10 Cruzeiros (1962) P-177 Indonesia 1 Rupiah, 1956 P-74 Yugoslavia 100 Dinara, 1963 P-73 Brazil 1C on 10 Cr. (1966) P-183a Indonesia 21/2 Rupiah, 1956 P-75 Yugoslavia 500 Dinara, 1963 P-74 Brazil 1C on 10 Cr. (1967) Brazil 5C on 50 Cr. (1966) Brazil 5C on 50 Cr. (1967) P-183b P-184a P-184b Indonesia 1 Rupiah, 1961 Indonesia 21/2 Rupiah, 1961 P-78 P-79 Yugoslavia 1,000 Dinara, 1963 Yugoslavia 5 Dinara, 1968 P-75 P-81 Brazil 10b on 100 Cr. (1966) P-185a Indonesia 10 Rupiah, 1963 P-89 Yugoslavia 10 Dinara, 1968 P-82c Brazil 104 on 100 Cr. (1967) P-185b *These Chinese notes may show slight signs of Zaire 50 Makuta, 1979 P-17 Brazil 1 Cruzeiro (1972-) P-191b handling or age normal to this period. Zaire 1 Zaire, 1979 P-19 TERMS: LIMIT ONE NOTE OF A KIND per person per order. Customers within U.S. postal administration, Canada and Mex- ico add 50( to orders under $15.00. Orders over $15.00 sent postpaid. Overseas shipments require 5( per note additional for AIR MAIL postage and $3.60 Registered Mail fee. All orders sent at buyers risk. Insurance charges are extra if wanted. Domestic orders are sent by First Class Mail (Air Mail). ADDITIONAL NOTES IN STOCK and price lists are available. I am also an active dealer in German notgeld. In business since 1950. Member: IBNS, SPMC, ANA. DWIGHT L. MUSSER BOX 305 RIDGE MANOR, FL 33525 Mimic mytINIggw(Vmmook '431 rut, Il■-•111,0 0," rt , • ■ CANADIAN BOUGHT AND SOLD • CHARTERED BANKNOTES. • DOMINION OF CANADA. • BANK OF CANADA. • CHEQUES, SCRIP, BONDS & BOOKS. FREE PRICE LIST CHARLES D. MOORE P.O. BOX 4816P WALNUT CREEK, CA 94596-0816 (415) 943-6001 LIFE MEMBER A.N.A. #1995 C.N.A. #143 C.P.M.S. #11 THE BANKOF LOUIS jF, ST. LOUIS, MISSOURI OBSOLETES AND NATIONALS WANTED RONALD HORSTMAN ROUTE 2, BOX 242 GERALD, MISSOURI 63037 laziariaume,i„roAtk it.L National i ank ,2.21U:r 11.42:2T-Lte'VgAWK-VOrn Page 206 Paper Money Whole No. 125 ,,,,, ce of _ EARLY,.. , .,,, e.e " ‘Cf■ AMERICAN , , NUMISMATICS\ ' I ' 'k. Gt`;''''. *619-273-3566 COLONIAL & CONTINENTAL CURRENCY SPECIALIZING IN: SERVICES: q Colonial Coins q Portfolio q Colonial Currency Development q Rare & Choice Type q Major Show q EARLY Coins Coverage q Pre-1800 Fiscal Paper q Auction We maintain the LARGEST ACTIVE INVENTORY IN THE WORLD! o SEND US YOUR LISTSWANT FREE PRICE . LISTS AVAILABLE. AMERICAN NUMISMATICS c/o Dana Linea q Encased Postage Stamps Attendance ■ P.O. Box 2442 ■ LaJolla, CA 92038 ■ 619-273-3566 Members: Life ANA, CSNA-EAC, SPMC, FUN, ANACS tJtv1/4 Kit) INC. P.O. BOX 84 • NANUET, N.Y 10954 BUYING / SELLING: UN CUOBSOLETE EECURRENCY, NATIONALST SHTS, PROOFS, SCRIP BARRY WEXLER, Pres. Member: SPMC, ANA, FUN, GENA, CCRT (914) 352.9077 NEW FROM THE ANS America's Currency, 1789-1866 Proceedings of the 1985 Coinage of the Americas Conference held at The American Numismatic Society Eleven richly illustrated papers on a diversity of topics in early American currency. Articles by Douglas Ball, Carl Carlson, Elvira Clain- Stefanelli, Grover Criswell, Roger Durand, Cory Gillilland, Gene Hessler, Glenn Jackson, Eric Newman, Robert Vlack and Ray Williamson. Also Available: Confederate States of America Currency, 1861-1865. Annotated slide set prepared especially for the ANS by Douglas B. Ball. Boxed set in- cludes a 36 page booklet describing 30 color slides. $20 & $1 postage Order directly from The American Numismatic Society Broadway at 155 Street, New York, NY 10032 $ 1 5 (please add $ 1 postage and handling) Dealer inquiries invited WANTED OBSOLETE PAPER MONEY 441!0/1,41rt 11/2/frmy2Y,,u'e f. fir ,s;,./A/ (Bank Notes, Script, Warrants, Drafts of the AMERICAN WEST Oregon, California, Idaho, Nevada, Arizona, Utah, Montana, New Mexico, Colorado, Dakota, Deseret, Indian, Jefferson Territories! Cash paid, or fine Obsolete Paper traded. Have Proof notes from most states, individual rarities, seldom seen denominationals, Kirtlands, topicals; Colonial, Continental; CSA, Southern States notes and bonds. Also have duplicate West- ern rarities for advantageous trade. JOHN J. FORD, JR. P.O. DRAWER 706, ROCKVILLE CENTRE, N.Y. 11571.. Paper Money Whole No. 125 Page 207 Standard Catalog Of United States Paper Money Your complete, illustrated guide to all types of official U.S. paper money, from 1812 to today. • Featuring coverage for Large and Small-size regular-issue U.S. currency • NEW! Rarity ratings for National Bank Note listing • Complete coverage for Fractional Currency, Encased Postage Stamps, Postage Stamp Envelopes, Error Notes and Military Payment Certificates • First-ever catalog of pre-Civil War United States Treasury Notes• More than 5,000 currency items listed • Over 12,500 market values • Over 700 original photos • All in 192 pages An essential, data-packed research aid for all collectors of U.S. currency! Order your copy today. krause publications 700 E. State St., Iola, WI 54990 New Edition Available $16•5° Plus postage and handling Fourth Edition Order Now Credit Card Customers Call Toll-Free: 1-800-258-0929 From 8 AM to 5 PM, CST Ten-Day Return Privilege. If not completely satisfied send your catalog back to us within ten days and receive a full refund. • • • • • • • • • • • • • • • • Standard Catalog of United Please send copy(ies) of the new Standard Catalog of United States Paper Money. I've enclosed $16.50* per copy, plus $2.00 per copy for postage and handling. ( ) Check enclosed (to Krause Pub- lications) ( ) MasterCard/Visa acct. no. exp. date: mo. yr signature • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • state zip • Note: Addresses outside the U.S., please send • $4.00 per copy for postage and handling. U.S. funds only. • *Wisconsin residents add 5% sales tax. • Mail with payment to Krause Publications <• 700 E. State St., Iola, WI 54990 • • • • • • • • • • • • • • • • • • • • • • • • • • • • •• • • • States Paper Money name address city s 4 4,04)44.1o4 4.44k ,44. UNITE0 STATES, Ni()NE1 Nobody pays more than Huntoon forAnizolua, WYOMING State and Territorial Nationals WANT ALL SERIES, ANY CONDI- TION, EXCEPT WASHED OR "DOC- TORED" NOTES. N I I (MANY TRADES!) PETER HUNTOON P.O. Box 3681, Laramie. WY 82071 Page 208 Paper Money Whole No. 125 1:4.111%, ....,011741—t7Ikst -4,1q6z1 N9 0011001 El 6 fl I BRITISH COLONIAL ARABIC AND AFRICAN BANKNOTES Buying and selling quality world banknotes. Milt Blackburn I.B.N.S. LM-18 Box 1580 Point Roberts, WA. 98281-1580 Tel: 604-733-5922 weekdays, 9AM - 5PM WANTED FOR MY COLLECTION WORLD WIDE TRAVELERS CHECKS SPECIMENS, PROOFS OR CANCELLED ISSUES If you have anything to offer Please keep me in mind as I actively seek these for my collection. I also have duplicates to sell or trade. GARY SNOVER P.O. BOX 3034 • SAN BERNARDINO, CALIF. 92413 PHONE (714) 883-5849 A SPECIMEN RA000000 Paper Money Whole No. 125 Page 209 A Library of United States Paper Money Books The Comprehensive Catalog of U.S. Paper Money, by Gene Hessler, 4th edition. $19.50 U.S. Essay, Proof and Specimen Notes, by Gene Hessler. $19.50 The Standard Catalog of Depression Scrip of the United States, by Ralph A. "Curley" Mit- chell and Neil Shafer. $27.50 Military Payment Certificates, by Fred Schwan. $15.95 An Illustrated History of U.S. Loans, 1775- 1898, by Gene Hessler. To be released soon. Satisfaction guaranteed. Dealer inquiries welcome. AA,11 132 EAST SECOND STREET Press PORT CLINTON, OH 43452 THE DESCRIPTIVE REGISTER OF GENUINE BANK NOTES by Gwynne & Day 1862. 168 pp Cloth bound. 1977 reprint $15.00 post paid. HODGES' AMERICAN BANK NOTE SAFE-GUARD by Ed- ward M. Hodges 1865. 350 pp Cloth bound. 1977 reprint $19.50 post paid. J. Roy Pennell, Jr. P.O. Box 858 Anderson, S.C. 29622 110 Whom do you trust With trust, you can proceed with confidence in every move you make. In the coin hobby, "trust" is synonymous with NUMISMATIC NEWS advertisers. They pass a strict screening policy before they utilize our pages. And, to further protect the interests of our valued subscribers, we spend thousands annually in a "blind testing" program, and recognize the integrity of our advertisers with the valued Krause Publications' Customer Service Award. In a hobby built on trust, that's good news for our readers — because it takes the worry out of mail order transactions. And good news for our advertisers, too — because their advertising builds them a lifelong clientele. numismatic rilWS Home Superior Hobby Periodicals and Books krause 4 publications 700 E State St.. Iola, WI 54990 HARRY IS BUYING NATIONALS - LARGE AND SMALL UNCUT SHEETS TYPE NOTES UNUSUAL SERIAL NUMBERS OBSOLETES ERRORS HARRY E. JONES PO Box 30369 Cleveland, Ohio 44130 216.884-0701 IAN A. MARSHALL Box 5865 Stn. A Toronto, Ont. M5W 1 P5 Canada WORLD PAPER MONEY Also World Stocks, Bonds and Cheques 416-927-1812 Page 210 Paper Money Whole No. 125 Itilttfttttttt################14±tita###$#It$ttItttt####Wit#$###$$ttt.ttttt#####f1 BANKS 1868 UNION NATIONAL BANK (Philadelphia) $75 Black/White Capital Stock certificate with several attractive vignettes. One of the very few engraved banking stocks, from the American Bank Note Company. Pen-cancelled, otherwise in VF + con- dition. Our Current BANK listing includes more than 3 dozen Bank stocks, from 1812 to 1933, many with vignettes by the major bank note companies of the 19th century. Call or write today and ask for our BANK listing, or for our general catalogue of more than 150 stocks and bonds. CENTENNIAL DOCUMENTS 1-21 28th Street - Fair Lawn, NJ 07410 1(201) 791-1683 1 rtlgttIIIUttrntItt#MIII###Mg###“IM###MIt###I#####$TOTIMMTI$####I###ff FOR SALE CURRENCY FOR SALE S.P.M.C.-2153 P.M.C.M.-342 A.N.A.-LM-813 M.S.N.S.-LM-61 U.S.A. LARGE & SMALL-SIZE CURRENCY Including: Nationals, Obsolete, Fractionals, Colonials, "Radars" & "Fancy" Serial Number Notes, & Others. ROBERT A. CONDO P.O. Box 985 Venice, FL 34284.0985 (813) 484-4468 Catalog available for $1CSA and Obsolete Notes P.O. Box 712 / Leesville, SC 29070 / (803) 532-6747 ANA-LM SCNA PCDA SPMC-LM BRNA FUN HUGH SHULL Large Mail List available for a large-size self-addressed, stamped, envelope. 30-Day Return Privilege — Your Satisfaction Guaranteed OREGON PAPER MONEY EXCHANGE 1(i1{TUNI) it ti..11(t N 1Ss-1' OBSOLETES • U.S. FRACTIONALS STOCK CERTIFICATES & BONDS CONFEDERATES • OLD CHECKS NORTHWEST DEPRESSION SCRIP CURRENT LIST FOR $1.00 - REFUNDABLE - Ask About Our Upgrading Program -- WE BUY, TOO -- OREGON PAPER MONEY EXCHANGE 6802 S.W. 33rd PLACE • PORTLAND OR 97219 (503) 245-3659 (EVES) SUZANNE NAVEN (SPMC, PMCM, CCRT) COINS OF THE REALM, INC. mArt4 OYEjitAMIENT OF !IRAQ *kr .4xtivi.vzsap Dealers in choice world bank notes 1327-D Rockville Pike Rockville, Maryland 20852 Phone (301) 340-1640 BUYING AND SELLING Paper Money Whole No. 125 Page 211 Paper Money Whole No. 125 ' Ka in's on each Sale ( 01140t■aTIP If you're thinking of selling your paper currency collection, don't miss the opportunity to consign to Kagin's winter Long Beach sale. The Long Beach Numismatic and Philatelic Exposition is the second largest numismatic con- vention and one of the most eagerly awaited events of the year! Kagin's is the only major comprehensive numismatic auction house that specializes in paper currency. Our expertise and many years of experience with paper currency combined with the popularity of the winter Long Beach sale mean excellent prices for your collection. We are now accepting consignments for this sale, to be held February 12-15, 1987. The consignment deadline is November 1, 1986, so plan now to make your collection a part of this important sale. Give our specialists a call or send in the coupon below and we'll do the rest. Prices realized from KAGIN'S 1986 ANA Sale: * 1910 Bank of Vancouver (Canada) $5, VG $3,740 * 1863 F-126 $20 Legal Tender, Crisp Unc 6 * 1918 F-1132F $500 Federal Reserve, Gem Unc $4,840 * 1882 F-581 $20/$10 Double Denomination, VG $2,640 * F-390 1875 Nat'l. Bank of Milford, Ma.$2, Choice Unc $1,100 Consignment Deadline: November 1, 1986 Page 212 Call Toll Free: (800) 227-5676 In California (800)652-4467 Clip and mail to: Kagin's Numismatic Auctions, Inc. 1388 Sutter, Suite 700, San Francisco, CA 94109, (415) 474-1166 q YES, I am interested in selling my material at Kagin's Long Beach Sale. Please contact me. Brief description of collection • q Please send me a catalog when it is available. $10. q I would like to subscribe to a 3-catalog series of Kagin's catalogs. $25. Payment enclosed. Bill me. Name Address City State Zip Phone: Day Eve PM986 Size Inches 50 Fractional 4-3/4 x 2-3/4 11.50 Colonial 5-1/2 x 3-3/16 12.50 Sm. Curr 6-5/8 x 2-7/8 12.75 Lg. Curr 7-7/8 x 3-3/8 14.75 Checks 9-5/8 x 4-1/4 18.50 IMPROVED MYLAR "D" CURRENCY HOLDERS For the last year I have sold these; they are increasingly dominating the market. These are the finest for your notes. PRICED AS FOLLOWS 100 500 1000 20.50 92.50 168.00 22.50 102.00 185.00 23.50 105.00 194.00 26.75 121.75 221.50 33.75 152.50 277.00 Shipping is included in the U.S.A. You may batch up your needs to get best price (25 minimum one-size). Samples one of each $2 (5 different size holders) plus 22c postage. paoffssiokk fUMISMATISfs %um, • INC LM-2849 ORDERING INSTRUCTIONS 1. Orders for currency under $250.00, $2.00 postage please. 2. All items two week return in original holders, undamaged. 3. Mass. residents must include 5% sales tax. 4. Twenty-four hour answering machine when not in. Feel free to call and reserve your notes. 5. Personal checks must clear, money orders and bank checks get fast service. 6. Second choices will be used only if first item is sold. 7. We can offer a layaway plan on larger purchases. Min. Order On Cards $50 Please DENLY'S OF BOSTON c a Charter Member WIETY rule M.LECToes ,.anoefE7. LM-5773 PHONE: (617) 482-8477 awa,. P.O. BOX 1010-B BOSTON, MA 02205 LIBRARY Dave Bowers has always said buy the book first, and he became president of A.N.A. I also have said buy the book first and I will be running for the board of Governors of S.P.M.C. in their next election. Maybe now is the time for you to buy the book, and who knows, you might replace Reagan! COLONIAL 1. The Early Paper Money of America by Eric Newman, First Edition, one copy only, hard to find $29.50 + 1.00 2. The Early Paper Money of America by Eric Newman, Second Edition, the Bi- ble for colonial currency 24.50 + 1.50 TYPE NOTE 3. Standard Catalog of United States Paper Money by Krause & Lemke, First Edition, new, never opened, one copy only 15.00 + 1.00 4. Standard Catalog of United States Paper, Fourth Edition, the current edition and great as it includes rarity of national banks by charter # 14.00 + 1.00 5. Paper Money of the United States, 11th Edition by Robert Friedberg, a necessity to any collector 17.50 + 1.50 6. Paper Money of the U.S. by Robert Friedberg, Second Edition (1955), one copy only 30.00 + 1.50 7. Paper Money of the U.S. by Robert Friedberg, Third Edition (1959), one copy only 25.00 + 1.50 8. Paper Money of the U.S. by Robert Friedberg, Fourth Edition (1962), one copy only 20.00 + 1.50 9. Paper Money of the U.S. by Robert Friedberg, Fifth Edition (1964), one copy only 20.00 + 1.50 10. Handbook of Large Size Star Notes 1910-1929 by Doug Murray, a good book to have! 14.95 + 1.00 NATIONAL CURRENCY 11. National Bank Notes, a guide with prices by Kelly, a must book! 2nd Edition 36.00 + 1.50 12. Standard Catalog of National Bank Notes by Hickman & Oakes, a wealth of information 70.00 + 2.50 13. Territorials, a guide to U.S. territorial national bank notes by Huntoon 13.50 + 1.50 14. The National Bank Note Issues of 1929-1935 by M.O. Warns, one copy only 19.50 + 1.50 15. Charter Number Two, the centennial history of the First New Haven National Bank (Connecticut) 1963, one copy only 11.95 + 1.25 16. Nevada Sixteen National Banks and their Mining Camps, a wonderful book full of history, M.O. Warns, SPECIAL 35.00 + 2.00 CONFEDERATE 17. Confederate and Southern States Currency, (1976 Edition) by Criswell 2 copies available, 35.00 + 1.00 18. Confederate and Southern States Bonds, by Criswell, 2nd Edition 14.95 + 1.00 FRACTIONAL CURRENCY 23. Encyclopedia of United States Fractional and Postal Currency, Milton Friedberg, the book for the real into on fractional, out of print and hard to find! 19.00 + 1.00 24. A Guide Book of U.S. Fractional Currency by Matt Rothert (1963), the first I have had for sale, one copy only 9 95 + .50 OBSOLETE CURRENCY 26. ALABAMA - Alabama Obsolete Notes and Scrip, by Rosene 13.50 + 1.50 27. ARKANSAS - Arkansas Obsolete Notes and Scrip, by Rothert, a great book 17.00 + 1.50 28. COLORADO - Colorado Territorial Scrip by Mumey Wanted 29. DEPRESSION - Standard Catalog of Depression Scrip of the United States, by Mitchell & Shafer, a well done new item 21.50 + 1.50 30. FLORIDA Florida Obsolete Notes & Scrip, by Freeman Wanted 31. FLORIDA - Illustrated History of Florida Paper Money by Cassidy, now out of print! 29.95 + 1.50 32. INDIAN TERRITORY - Indian Territory and Oklahoma Obsolete Notes and Scrip by Burgett, Kansas Obsolete Notes and Scrip by Steven Whitfield, two books in one 13.50 + 1.50 33. INDIANA - Obsolete Notes and Scrip by Wolka, Vorhies & Schramm 13.50 + 1.50 34. IOWA - Iowa Obsolete Notes and Scrip by Oakes 13.50 + 1.50 35. MAINE - Maine Obsolete Notes & Scrip by Wait 13.50 + 1.50 36. MICHIGAN - Obsolete Banknotes & Early Scrip by Bowen, hard cover reprint by Durst 39.50 + 1.50 37. MICHIGAN - Obsolete Banknotes by Bowen, the original book, a collector's item, one copy only 50.00 + 1.50 39. MINNESOTA - Minnesota Obsolete Notes & Scrip by Rockholt 13.50 + 1.50 40. MISSISSIPPI - Mississippi Obsolete Notes and Scrip by Loggatt, out of print and very hard to find! 27.95 + 1.50 MORMAN - See #54 41. NEBRASKA - Territorial Banking in Nebraska by Owen 7.95 + .50 42. NEBRASKA - A History of Nebraska Paper Money & Banking by Walton Wanted 43. NEW ENGLAND - The Obsolete Bank Notes of New England by Wismer - Quarterman reprint, one copy 22.00 + 1.00 44. NEW JERSEY - New Jersey's Money by Wait 16.50 + 2.50 45. NEW YORK - Obsolete Bank Notes of New York by Wismer, Durst reprint 17.95 + 1.00 46. NORTH CAROLINA - Obsolete Bank Notes of North Carolina by Pennell, Durst reprint 7 95 + .75 47. OHIO - Obsolete Bank Notes of Ohio by D.C. Wismer, Durst reprint 8.95 + .75 OKLAHOMA - See #32 48. PENNSYLVANIA - Obsolete Bank Notes of Pennsylvania by Wismer, Durst reprint 11.95 + .75 49. PENNSYLVANIA - Obsolete Notes and Scrip by Hoober 30.00 + 1.75 50. RHODE ISLAND - Obsolete Notes and Scrip of Rhode Island and the Pro- vidence Plantations, by Durand 20.00 + 1.50 51. SOUTH CAROLINA - South Carolina Obsolete Notes by Austin Sheeheen Jr., a hard to find super book 14.95 + 1.00 52. TENNESSEE - The History of Early Tennessee Banks by Garland 29.50 + 2.00 53. TEXAS - Obsolete Notes & Scrip by Medlar, out of print, rare 26.00 + 1.50 54. UTAH - Mormon and Utah Coin & Currency by Rust, every note pictured with values 30.00 + 1.50 55. VERMONT - Obsolete Notes & Scrip by Colter, out of print SPECIAL 19.95 + 1.50 56. VIRGINIA - The Obsolete Paper Money of Virginia Volume I by Affleck, this book covers scrip issues Wanted 57. VIRGINIA - The Obsolete Paper Money of Virginia Volume II by Affleck, this book cover banknotes, out of print 25.00 + 2.00 60. COUNTERFEIT DETECTER - Hodge's American Bank Note Safe Guard, reprint of 1865 edition, one copy only 25.00 + 1.50 The second number after price is for postage & handling with a $5.00 maximum. Nichman- Oakes Auctions inc. Purveyors of National Bank Notes & U.S. Currency to the collecting fraternity for over 20 years: Our currency auctions were the first to use the Sealed Mail Bid System, which gives you, the bidder and ultimate buyer, the utmost chance to buy a note at a price you want to pay with no one looking over your shoulder. As a seller, this method gives you the opportunity to get the full market price without the "in" dealers short-circuiting the bidding, as so often is seen at public auction sales. Wth 31 sales behind us, we look forward to a great 1986-87 for all currency collectors as well as our Sealed mail bid and floor auctions. We have had the pleasure of selling several great notes during the past year with prices going over $30,000. Currency collecting is alive and well. If you have doubts just check over our last two catalogs. You will find the pulse of the market represented there. Our next auction is scheduled for November 14th and 15th of 1986. Our November auction will be held in St. Louis with the Professional Currency Dealers Assoc. convention. Over 800 lots of U.S. currency, fractionals, books and miscellaneous have been consigned for this sale. We will feature a $5.00 state national banknote set, series 1929. Join others in experiencing the true market between buyer and seller at a Hickman-Oakes auction. Write, or call 319-338-1144 today! As a seller: Our commission rate is 15% and down to 5% (depending on value of the lot) with no lot charge, no photo charge, in fact no other charges. As a buyer: When bidding and winning lots in our auctions you are charged a 5% buyers fee. As a subscriber you receive at least 4 auction catalogs and prices realized after the sale, plus any price lists we put out, and all by 1st class mail. If you send us $8 now, we will send you the November PCDA convention auction catalogue and prices rea- lized plus our other auction catalogues and price lists through June of 1987. Send $8.00 now, you won't be sorry. is man alkes Auctions ,Inc. Dean Oakes John Hickman tc) 319-338-1144Drawer 1456 Pala City, Iowa 52240