Paper Money - Vol. XXV, No. 6 - Whole No. 126 - November - December 1986

TWENTY-FIFTH ANNIVERSARY SECOND CHARTER NATIONAL CURRENCY All notes are listed by Friedberg Catalog Nos., Charter Nos. are in parentheses. N.Y. CITY. 1882 $5. BROWN BACK: "New Amsterdam N.B." (5783). F504, CH CU. "American Exch. N.B." (1194). F471, GEM CU Top mgn. trifle close 595. AND RARE SO CHOICE 750. NEW YORK. "2nd N.B." (2688). F466, CU 525. "American Exch. N.B." (1194). F471, CH CU .... 625. "N.Y. State Bank of Albany" (1262). F468, CH CU 575. "Chase N.B." (2370). F475, VF + 225. K.Y. "Nat. Bank of Louisville". (2171). F474, "Nat. Bank of Commerce" (733). F467, VF, Top Fine 175 . Mgn. is very close 125. MASS. "Safety Fund N.B. of Fitchburg". (2153). "Nat. Bank of Commerce" (733). F467 F474. AU. Scarce 425. "The J.P. MORGAN NOTE". CH CU 600. MASS. "Merchants N.B. of New Bedford". (799). "Lincoln N.B." (2608). F477, CH CU 575. F467, AU but bottom mgn. real close 195. "Lincoln N.B." (2608). F477, CU. Faint Fold 375. NEW HAMP. "Monadnock N.B. of East Jaffrey" "Merchants N.B." (1370). F469. ExF + 225. (1242). F474, VF (back Fine) 195. "Nat. Bank of No. America". (4581). F472, CU. OHIO. "2nd N.B. of Bucyrus" (3274). F467, CU Light fold 325. GEM 750. "Nat. Park Bank". (891). F467. CU. Faint Fold . 350. PA. "1st N.B. of Montrose". (2223). F474, CU. "Hanover N.B." (1352). F469, CU, Faint Fold. Top Top mgn. close 425. Mgn. close 275. RH. ISL. "Blackstone N.B. Providence". (1328). "New Amsterdam N.B." (5783). F477, CH CU 575. F468, Fine 150. "Chase N.B." (2370). F475, Tillman/Roberts. CU. Faint fold 425. PA. 1882 $50. BROWN BACK: N.Y. CITY. 1882 $10. BROWN BACK: "First N.B. of Washington". (586). F508, CU "First N.B." (LOW #29). F479. CU. Faint fold 450. GEM 2950. "Lincoln N.B." (2608). F490. Light hdlg. at right end, VF 175. PA. 1882 $100. BROWN BACK: N.Y. CITY. 1882 $20. BROWN BACK: "Bank of Pittsburgh Nat. Assn." (5225). CU. "American Exch. N.B." (1394). F501, CU but bot- Small edge repair. Lists $4,750.00 in Fried- tom mgn. is cut close. Priced LOW 395. berg's 11th Ed. Worth more than our price ... 2450. Ask for list of 1882 2nd Charter "Dated Backs", "Value Backs" & 3rd Charter Notes. SASE + $1.00 (for postage) for our U.S. sales lists: (A) Large Size Types; (B) Large Size Nationals; (C) Colonial & Continental Currency; (D) Fractional Curren- cy; (E) Confederate States of America Currency. Please specify which lists you desire. BUYING BUYING - BUYING BEBEE's is paying $600.00 to as high as $2,000.00 - depending on Rarity & Grade- for the following 1882 $5.00 Brown Back Nationals in AU to Choice Unc.: Alabama - Alaska - Arizona - Arkansas - California - Colorado - Florida - Hawaii - Idaho - Maryland - Mississippi - Montana - Nebraska - Nevada - New Mexico - North Dakota - South Dakota - Washington - Wyoming. BEBEE's is also paying TOP, IMMEDIATE CASH prices for all Territorials, 1st & 2nd Charter Nationals, Stars & No. 1 Notes; Double Denominations; rare Large-Size Type Notes & Scarce Uncut Sheets (4 & 12). If you have any of these notes, we invite your inquiry. "To all our friends and customers of the world over we extend our sincerest wishes for Joyous Holidays and a New Year of Peace, Good Health and Happiness" AUBREY & ADELINE BEBEE ANA Life #110, ANS, IAPN, PNG, SPMC, Others J • 4 "Pronto Service" ■ Charter Mentbr P Currency Denim.. ,figmeialion P.O. Box 4290 Omaha, Nebraska 68104 SOCIETY OF PAPER MONEY COLLECTORS INC. 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. 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Nil OTE 0 TER YOUR NEWS AND MARKETPLACE FOR ALL PAPER MONEY 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: mo. 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. Page 216 .411- 1 01" ! I ' • •.:;.;;;.'n, III: Paper Money Whole No. 126 I‘P‘11111 1 1111P' ‘ A I WE ARE ALWAYS BUYING ■ FRACTIONAL CURRENCY ■ ENCASED POSTAGE ■ LARGE SIZE CURRENCY ■ COLONIAL CURRENCY WRITE, CALL OR SHIP: Ei, NtYinc.RR • LEN and JEAN GLAZER (718) 268-3221 POST OFFICE BOX 111 FOREST HILLS, N.Y. 11375 .A 1:3111 I III' n 1 :.irl lI , ..... 111 I• • ;1. tit tr I( )\ r), err ( )1 1.1 ( TOW, .1=12. Charter Member LM-2849 LM-5773 Paper Money Whole No. 126 Page 217 An Analysis of National Bank Note Circulation Still Outstanding Or HOW MANY ARE STILL OUT THERE? by ROBERT R. MOON SPMC 5766 Starting in 1863, the United States government issued almost $17 billion worth of national bank notes through over 12,000 federally-chartered banks. Roughly $14 billion of this amount was of the pre-1929 large-size variety and another $2.8 billion was of the Series of 1929, or small-size type. When the national currency era came to an end in 1935, there was $769 million outstanding as of June 30th of that year. A s a collector of these notes for several years, I have oftenwondered (and I'm sure many other collectors have,too) how many national bank notes from these many millions of dollars are still unredeemed today? While such fine works as Hickman and Oakes' Standard Catalog of National Bank Notes can give you complete data for each bank up until 1935, what happened after that? William H. Dillistin's A De- scriptive History of National Bank Notes published in 1956 pro- vides further information, but it is now almost thirty years later and I feel some sort of update is needed. While very complete records were kept by the Comptroller of the Currency on national bank note circulation until the end of the note-issuing period in 1935, the availability of data becomes much more elusive after that. Information on individual bank circulation was no longer kept after 1935 and all national cur- rency outstanding was then lumped into a single report each year in the annual reports of the Comptroller of the Currency. These reports also listed less and less information as time went on, and today, it is virtually impossible to find any statistics at all. However, what I did find I thought would be of interest to other collectors. Please note that all tables listed here do not include Federal Reserve Bank notes which at times have been confused with national bank notes or "national currency". THE END OF THE NOTE -ISSUING PERIOD In June of 1935 the national bank note era came to an end, and at that point in time, this is what the national currency situa- tion looked like: Amount of Outstanding National Bank Notes as of June 30, 1935 Denomi- nation Large -Size Small -Size Total 1 $ 340,749 $ 340,749 2 162,420 162,420 5 10,379,825 $108,733,550 119,113,375 10 16,829,215 280,661,860 297,491,075 20 14,454,460 265,858,540 280,313.000 50 2,657,100 34,190,800 36,847,900 100 3,497,100 35,180,100 38,677,200 500 87,500 87,500 1,000 21,000 21,000 Fractional Parts 62,069 457 62,526 Subtotal 48,491,438 724,625,307 773,116,745 Redeemed but unsorted — (4,021,100) (4,021,100) Total $48,491,438 $720,604,207 $769,095,645 As can be seen, the large-size total is a small fraction of the small-size total. Considering that just several years before, all na- tional bank notes were of large-size variety gives you an idea as to how quickly they were removed from circulation. The follow- ing chart further emphasizes this point: Large-size national bank note outstanding circulation as of October 31 for each year listed 1929 — $598 million 1933 —$58 million 1930 — 128 million 1934 — 50 million 1931 — 92 million 1935 — 45 million 1932 — 74 million 1936 — 42 million National Bank Note Circulation in 1956 Dillistin's book listed a table of outstanding circulation by denomination some 21 years after the end of the note-issuing period, and since it is the latest one I could find, I felt that repro- ducing it here would be useful for comparison purposes: Page 218 Paper Money Whole No. 126 Amount of Outstanding National Bank Notes as of June 31, 1956 Denomi- nation Large -size Small -size Total 1 $ 339.723 $ 339,723 2 161,688 161,688 5 8,489,460 $ 2,997,555 11,487,015 10 10,858,340 9.440,470 20,298,810 20 6,801,640 14,281,700 21,083,340 50 1,193.550 3,515.700 4,709,250 100 1,630.900 4,466,550 6,097,450 500 86,500 86,500 1,000 21,000 — 21,000 Fractional Parts 62,139 487 62.626 Total $29,644,940 $34,702,462 $64,347,402 After this report, I was unable to find a listing for both large and small-size but rather just a total for each denomination and the latest information that was that detailed was for 1962. Before listing that table, below is the total amount of outstand- ing circulation as of December 31st of each year between 1956 and 1961: 1956 — $63,302,057. 1957 — $60,850,947. 1958 — $58,709,057. 1959 — $56,749,403. 1960 — $55,320,721. 1961 — $53,776,697.50 On June 30, 1961 Congress passed the Old Currency Ad- justment Act. This law permitted the Treasury Department to re- move from its books. or "write off", quantities of large-size cur- rency issued prior to 1929 which it felt would never be re- deemed because it was irretrieveably lost, destroyed or in the hands of the collectors. Taking advantage of this Act, the De- partment "wrote off" $15 million in large-size national currency on August 27, 1962. Below is the last report by denomination (as of June 30, 1962 before the write-off): Denomination Total 1 $ 339,644 2 161,644 5 10,958,047 10 17,652,940 20 16,054,390 50 3,269.200 100 4,334,200 500 86,500 1.000 21,000 Fractional Parts 62,627 TOTAL $52,940,192 As can be seen, a much larger percentage of the high-denom- ination notes were redeemed between 1956 and 1962 than the $5s or $10s. Since the collecting of national currency was in its infancy, the idea of holding onto a $20 bill (let alone a $50 or a $100) was something that not many people contemplated. In- terestingly, a few First Charter "Aces" and "Deuces" were still redeemed just twenty-five years ago! After mid-1962, only year- end totals were available: 1962 — $37,667,904.50 (plus $15 million) 1963 — $36,744.463 (plus $15 million) On November 16, 1964, another $13.5 million was written off. 1964 — $22,597.493 (plus $28.5 million) 1965 — $22,006,929.50 (plus $28.5 million) In May 1966 public law 89-427 was passed: it transferred re- demption to the Treasurer of the United States and the following totals are taken from the annual reports issued by the Secretary of the Treasury. Also during that same month on May 26, a further $420,000 was written off for a total of $28,920,000, which just about equals the amount of large-size outstanding. The following totals thus basically represent the amount of small-size left in circula- tion (as of June 30 of each year). 1966 — $21,300,322 1971 — $20,116,393 1967 — $20,905,827 1972 — $19,971,424 1968 — $20,663,789 1973 — $19,843,049 1969 — $20,466,607 1974 — $19,761,578 1970 — $20,271,289 1975 — $19,691,953 After 1975, the amount outstanding was no longer reported to the last digit but rather in amounts of thousands. Also, with the change of the federal fiscal year, the following totals are for September 30 of each year. 1976 — $19,635,000 1978 — $19,542,000 1977 — $19,581,000 1979 — $19.511,000 Unfortunately. I could find no further information after September 20, 1979. After this date, the amount outstanding was simply lumped into a category called "Currencies No Longer Issued" along with Federal Reserve Bank Notes, Silver Certificates, etc. As can be seen, even in the late 70s, thousands of national bank notes were disappearing from the scene even as the hobby of collecting them was "heating up". A handful are still being redeemed each year. Hopefully, there aren't too many of the "good ones" being removed from collectors' hands. The $29 million in large-size remaining represents 60% of the 1935 total of $48 million, or 0.21% of the $14 billion issuance and the approximately $19.5 million remaining small-size is 2.7% of the 1935 total, or about 0.7% of the $2.8 billion issued of that variety. The question now is: What percentage of the remaining $48-plus million still exists and is therefore potentially available to collectors? Natural disasters have, of course, taken their toll. For instance, how many California Brown Backs and Red Seals disappeared in the San Francisco earthquake of 1906, or First Charter notes in the great Chicago Fire of 1871? More im- portant, how many notes have been hidden in the ground or walls (or mattresses!) and then forgotten and left to the ele- ments? If 21 one-thousand dollar notes (out of a mere 7,379 issued) could be lost, how many one-dollar notes have been de- stroyed? No one-thousand dollar notes have been redeemed since 1916 and none of the 21 remaining are known in collec- tor's hands. While it is possible that one could surface, if it hasn't by now the likelihood is very small that one will show up. I hope I have shed some light on the national currency situa- tion and if there is anyone who knows or who has access to other information (such as a friend in the right bureau in the Treasury Department), which would further refine my data, I would appreciate hearing from you. My address is: Robert R. Moon, Box 81, Kinderhook, NY 12106. (Sources on Page 229) UNITED STATES OFAMERICe K103051:- ova '1),,t4! orouctilrot, 819 winairoiairti 441.4..q1,1444,144.1.4.14 1.4o._!_t tkv,v 411141LIC atit Series of 1902 with red seal, signed by Moody and Griffith, 444 (49,4-ko, 1564 Paper Money Whole No. 126 Page 219 National Banking on Staten Island The 100th Anniversary by WALTER T. DORNFEST (PART II) The Port Richmond National Bank 1902-1926 Staten Island National Bank and Trust Company 1926-1957 Y 1902, the long and successful operation of the First National Bank of Staten Island had proved to local businessmen that there was a profit to be made in na- tional banking. Staten Island had witnessed a good deal of growth since the First National had opened its doors in 1886, creating a demand for new currency to finance business ventures. The First National had successfully directed some of its activi- ties toward Port Richmond, reinforcing the belief in some busi- ness circles that that was a prime area for a new bank. However, such opinions were by no means universal. While it was true that New York state officials pointed to Port Richmond as a "model village," having the best local government in the state, there were businessmen who felt that the population was not large enough to support a commercial banking institution on the north shore. But it was not native Islanders who initiated the first moves toward the foundation of the second national bank in the borough. Robert D. Kent and Ernest R. Moody of Passaic, New Jersey came to Port Richmond in 1901 for conferences with businessmen looking for local support in a banking venture. Both men had founded other banks in New York and New Jersey, and Staten Island had caught their attention as an area for potential growth.' The meetings were successful and in January 1902 William J. Burlee of Port Richmond, leading a group of five associates, applied to the Comptroller of the Currency for the forms neces- sary to organize a national bank with a capital stock of $100,000. Having received the materials, the organizing meeting for the Port Richmond National Bank was held at 4 p.m. on March 12, 1902 at the office of the Burlee Dry Dock Company in Port Rich- mond. Directors were elected, and later that afternoon they held their first meeting. At that time the directors elected the officers of the bank: Charles E. Griffith, President; Robert D. Kent, First Vice-President; William J. Burlee, Second Vice-President and Ernest R. Moody, Cashier. A committee was also formed to secure a place of business for the new institution. 2 Bank officials soon secured a three-year lease from the Man- hattan Life Insurance Company on a property at the corner of Richmond Avenue and Richmond Terrace. By May 1, $61,000 of capital stock had been paid in, charter number 6198 had been received from the Comptroller of the Currency, and the Pdrt Richmond National Bank opened for business on May 5, 1902. 2 The doubters who had felt that a bank could not survive in Port Richmond were proved wrong almost immediately. By the end of 1902 deposits totaled $228,218 and by 1904 the institution had paid its first dividend, 6%, to the stockholders. Mr. Moody was an excellent manager. His good judgment helped local busi- nesses to prosper and when in doubt about how to proceed in a questionable situation, he never hesitated to consult with leading citizens of the village for their advice and counsel.' As with the First National Bank, the new institution chose to issue currency. Therefore, $25,000 in United States Treasury Bonds were purchased to back the circulation. New ten and twenty dollar notes emblazoned with the name of the Port Rich- itypacir I:014N (3) 44%nitkom 11)41)1r.,11t,N11*.t?!.:, 4/./t4fir 311:01.130 inbrr'Xe/922 1•1$1.■■■;;:r ..• Page 220 Paper Money Whole No. 126 Series of 1902 with blue seal, plain back, Signed by Miller and Davidson. mond National Bank appeared in Staten Island commerce, and the new enterprise was off to what was to be a long and successful operation . 5 The Port Richmond National opened a new building on May 11, 1909 in the same location as its previous office at 115 Richmond Terrace. Three years later deposits had reached $668,320 and they continued to grow steadily, reaching $1,405,356 by 1922. During this entire period there is nothing in the local press to indicate that banking operations at the Port Richmond national were anything but normal. The office of the Comptroller of the Currency has not allowed the examination reports of this bank to be made public because the required fifty years have not passed since the bank was merged in 1957. How- ever, the Comptroller's annual reports record steady growth . 6 The bank applied for and was granted an extension of its charter for a second twenty-year period early in 1922, and at that time received permission from the Comptroller to increase its capital stock to $200,000. Two years later, Ernest Miller suc- ceeded to the position of cashier of the Port Richmond National upon the death of Mr. Moody.' Events now began to transpire that would lead to the rapid growth of the bank into the leading institution of its type on Staten Island. In January 1926 the directors again voted to increase the bank's capital stock, this time to $500,000. Plans were also made to seek the permission of the Federal Reserve Board for authority to do a trust business. This would make the bank the only one on the island that could legally be an executor, trustee, administrator or guardian of an estate. Anticipating the required approval, the bank rebuilt and expanded the rear half of its building in 1926, and moved the main entrance to 26 Richmond Avenue.' In a related development, a committee of local leaders in Tompkinsville had been at work laying the foundation for a new national bank for that area. But with the imminent passage of the McFadden Act (1927), which would authorize national banks to operate branches, the Tompkinsville group decided it would be wiser to join with the Port Richmond National Bank to create an expanded institution . 9 By May 1, 1926 all necessary authorizations for the expansion of its business had been received from the federal government, and on that date the Port Richmond National Bank became the Staten Island National Bank and Trust Company with a capital stock of $500,000. On May 4th the Tompkinsville branch opened at 43 Victory Boulevard at the corner of St. Mark's Place with John A. Franklin as manager. The branch had a separate advisory committee of local businessmen and others elected by the Board of Directors, and in many ways functioned as an inde- pendent bank. It remained at Victory Boulevard until August 31, 1941 when the Staten Island National acquired the Bank of Man- hattan and the Manhattan Safe Deposit Company building at 28 Bay Street, to which the office moved. This building has fulfilled many functions over the years including housing the library of Staten Island Community College as well as the first library of Richmond College. The structure still stands." All government bonds bearing the circulation privilege had been called for redemption in 1935 and at that time the Staten Island National, along with all other national banks, lost its right to issue currency. Meanwhile, the bank had acquired its second branch on March 30, 1940 by absorbing the Tottenville National Bank, which had operated in that community since 1906. This acquisition brought total assets of the Staten Island National to $6,000,000 and made possible larger loans to industry and individuals. A third branch was opened at 139 New Dorp Lane on July 5, 1950, and finally, with the acquisition on November 1, 1951 of the West New Brighton Bank which had been in business since 1920, the Staten Island National added the last office to its system." In March of 1956, a new building at 200 New Dorp Lane re- placed the old New Dorp branch bringing a further improvement of services to Staten Islanders, and eight months later the bank's office in St. George moved to new facilities at 56 Bay Street. 12 With the enormous potential for growth on Staten Island, espe- cially considering the possibility of a bridge across the Narrows, a number of metropolitan banks began to make merger proposals to the Staten Island National. Its well-established system of five offices, its popularity and strong balance sheet made the Island bank an attractive buy-out candidate." The directors decided that an offer from The Chase Manhattan Bank, a state banking institution, was too advantageous to turn down. Staten Island National shares, of which there were 15,000 outstanding, were to be exchanged for Chase stock on the basis of one Staten Island National for six of Chase selling for about $50 per share. The staff of the bank was to be retained, and an ad- visory committee composed of members of the Board of Direc- tors and chaired by former President Miller would help to make the transition to a new management smoother." The Staten Island National directors voted in favor of the merger on May 14, 1957 and those of Chase followed suit the next day. The approval of the Island bank's stockholders was ob- tained by an overwhelming majority early in July, as was that of the Chase stockholders soon after. All former branches of the Staten Island National opened for business as Chase offices on July 22, 1957 under Vice President Robert Whytock, thus mark- ing the resignation of another national bank charter on Staten Island. 15 Paper Money Whole No. 126 Page 221 OFFICERS Chairmen of the Board J. Frederick Smith 1949-57 Presidents Charles E. Griffith 1902-08 William J. Davidson 1908-27 J. Frederick Smith 1928-49 Ernest Miller 1949-57 Vice Presidents Robert D. Kent 1902- (04) William J. Burlee 1902- (09) J. Frederick Smith 1904-28 Ernest R. Moody 1909-23 John F. Bruns (1923)-(34) George M. Matthius 1932-(56) Ernest Miller 1936-49 W. Earle Laing 1949-57 Fred 0. Harris 1949-57 William G. Henning 1949-57 Harry H. Robinson 1951-(56) Edward Daniels (1956)-57 Raymond M. Isenegger (1956)-57 Edward R. O'Mara (1956)-57 Cashiers Ernest R. Moody 1902-23 Ernest Miller 1924-49 W. Earle Laing 1949-57 Parenthesis: year approximate FOOTNOTES 1. Staten Island National Bank and Trust Company, Fifty Years of Service to Staten Island (Staten Island: SINB&TC, 1952). p. 3. Staten Islander, Apr. 21, 1922; Jan. 27, 1926. 2. Comptroller of the Currency, Application to Organize a National Bank (Form 339), Jan. 6, 1902. Staten Islander, Jan. 22; Mar. 15, 1902. 3. Fifty Years of Service, pp. 3, 5, 7. Comptroller of the Currency. Certificate of Payment of Capital Stock, Sept. 23, 1902. 4. Comptroller of the Currency, Annual Report, 1902, p. 898. Fifty Years of Service. p. 9. Staten Islander, Apr. 19, 1922. 5. Don C. Kelly, National Bank Notes (Oxford, Ohio: Paper Money Institute, 1981), p. NY-30. 6. Staten Islander, May 15, 1909. Comptroller of the Currency, An- nual Report, 1912, p. 561; Annual Report, 1922, p. 545. 7. Certificate to Extend Charter, notices, Staten Island News, Mar. 11 to Aug. 12, 1922. Staten Islander, Jan. 12, 1924. Ernest R. Moody to Comptroller of the Currency, Jan. 18, 1922. 8. Staten Islander, Jan. 27, 1926. Notice to the Comptroller of the Currency, Mar. 16, 1926. 9. Staten Islander, Feb. 6, 1926. 10. Comptroller of the Currency, Certificate of Change of Corporate Ti- tle, May 1, 1926. Fifty Years of Service, p. 9. Staten Islander, Jan. 27; Apr. 27, 1926. 11. Fifty Years of Service, pp. 1, 10. 12. Staten Island Advance, Mar. 9; Nov. 23, 1956. 13. Advance, May 14, 1957. 14. Ibid. 15. Advance, May 14, 15; July 10, 23, 1957. ■ New Address for Editor Mercantile Money Museum 7th & Washington St. Louis, MO 63101 (To-=-1; THE PAPER COLUMN by Peter Huntoon Additions and Corrections The relationship between National Banks and Corporate Exten- sions and Reorganization of National Banks: Paper Money, vol. xxv, p. 97-118, 131. page 102, omitted from end of last column: plates were actually made before passage of the act. The earliest page 114, 1921-2 plate date for 6162 Berwick, PA should be: Feb 27, 1922 page 114, state for 6172 Monticello should be: Indiana Significance of plate dates on National Bank notes: Paper Money, vol. xxv, p. 67-71. The circuitous logic behind the reassignment of charter number 20 to the Fifth-Third National Bank of Cincinnati, Ohio, in place of charter 2798 is discussed on page 70. All the facts presented there are accurate except that the Comp- troller did not authorize the reassignment. Apparently the linkage was too tenuous for him to feel comfortable unless he was acting under greater authority. Congress was responsible for this reassignment with the following act: Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled. That the Comptroller of the Currency be. and he is hereby, authorized and directed to issue to the Fifth-Third National Bank of Cincinnati, Ohio, charter number 20 in lieu of their present charter number 2798, said charter number 20 being the original charter number of the Third National Bank of Cincinnati, Ohio, which bank was merged and consolidated with the Fifth National Bank of Cincinnati, Ohio, in the year 1908, under the name of the Fifth-Third National Bank of Cincinnati, Ohio, said consolidated bank having succeeded to all the assets. good will, rights, privileges, and emoluments of the said Third National Bank of Cincinnati, Ohio. (Approved Feb- ruary 26, 1913). The reassignment was made by the Comptroller on March 5, 1913. 19-year banks and the National Bank Act of February 25, 1863: Paper Money, vol. xxv, p. 163-165. The statement is made that the Act of February 25, 1863 $5 face plates were faithfully matched with Act of February 25, 1863 back plates. This is not accurate. Tom Conklin advises that he has a $5 Original Series note from the First National Bank of Hobart, NY (193) L777290-3004-D that has an Act of February 25, 1863 face plate but an Act of June 3, 1864 back plate. His note was printed during the winter of 1873-4. 1 11 I 1 i111 111111 1111 111111/x, uttap rtn MI 11112111/IR 11 nnunu I IIIII1H11 /1 11, Allp , litIOIILICIBIABIRMNIIIIInkliAllo II AMmilt.112121MBI. a Page 222 Paper Money Whole No. 126 SMALL SIZE $5 NARROW AND WIDE II BACK PLATES THE PAPER COLUMN by Peter Huntoon by PETER HUNTOON and JAMES T. LEMON PURPOSE AND OVERVIEW The purpose of this article is to provide information on the last of the 12-subject $5 back plates, a group that in- cludes the narrow and wide II varieties. We discovered that the narrow and wide II plates were prepared in sep- arate groups distinct from those before and after by (1) lapses in manufacture of up to six months and (2) differ- ences in manufacturing technology. In researching these varieties, we discovered that back plate 2007 was the first 12-subject narrow plate, not the last wide I as mistakenly catalogued (O'Donnell, 1982). We did not locate any policy statements explaining the reason for reversion to the wide style in the 2067 through 2096 group. We speculate that it occurred as a quirk associated with renewed demand for 12-subject plates that arose from delays in implementing the conversion to 18-subject plates. WIDE AND NARROW BACKS A DECISION was made to reduce the dimensions of thebacks on small-size U.S. currency late in the 12-subjectera so that there would be greater registration tolerances between face and back printings. This change was implemented on the $1, $5, $10 and $20 denominations. The only distin- guishing feature on the $5s was a very minor engraving change in the scroll work on either side of -FIVE DOLLARS" along the bottom as shown on Figure 1. PLATE APPROVAL DATA Our search for information on the wide I, narrow, and wide II varieties led to an examination of Bureau of Engraving and Printing certified proofs now held in the numismatic collections of the Smithsonian Institution. These proofs provide three cru- cial pieces of information: (1) the plate approval date, (2) plate number, and (3) plate manufacturing designation. The plate ap- proval date is the day when the plate was certified for use. Plate numbers constitute running Bureau control numbers for all plates. Plate numbers differ from plate serial numbers, which are consecutively assigned to particular types of plates such as $5 backs. The plate serial number is engraved on each subject and Figure 1. Plate serial 2041 is a narrow design, 2093 is a wide II, and 2097 is a narrow design from the first 18-subject $5 back plate. The 2097 note is a Series of 1950A Federal Reserve Note with serial G01470002 . The arrow points to two pairs of vertical lines to the right of the curl on a narrow back. Notice that there are three pairs of vertical lines on the wide II. Paper Money Whole No. 126 appears in the lower right corner inside the border on the printed $5 backs. Most plates also carry a plate marking such as El, which reveals the manufacturing process used to make the plate. PLATE MAKING Two methods were used to make plates during the period when the 12-subject plates were being phased out (Bureau of Engraving and Printing, 1962). Both are still employed. The oldest method is a transfer technique whereby a roll is made by rolling a solid, soft, steel cylinder under great pressure across the face of an ingalio (lines cut into the surface) master engraving containing the image of the note to be printed. The completed roll contains a reverse image in raised relief on its surface. It is hardened by heat treating. Next, under tons of pressure, the roll is used to press its raised image into a soft steel plate as many times as desired. The plate serial numbers are then engraved on each of the subjects on the plate and it is hardened for use. A modern process for making plates is that of electroplating, a high technology invention of the Bureau of Engraving and Print- ing in the early part of this century. The concept is simple. A master plate is prepared. Its surface is coated with a very fine carbon compound. Next, successive layers of nickel are electro- plated onto the surface. each thickening the sandwich of metal forming on top of the master. The completed raised relief re- verse image from the master is called an alto and it is peeled from the master plate, splitting from it along the carbon layer. The alto is used in identical fashion as a model upon which any number of production plates are produced by electrodeposition. Each of the production plates is an exact duplicate of the original master plate; these facsimiles are called bassos. After they are peeled from the alto, their press lives can be materially pro- longed by electroplating them with a final coating of chrome, the hardest metal known. It appears that the plate serial numbers are engraved on the bassos before the final chrome plating operation. The last critical step in preparing basso press plates is to secure the basso to a durable backing that will resist flexing. This is ac- complished either by welding the nickel basso to an iron back- ing, or cementing the basso to the iron backing using a durable adhesive. The designation EI in Table 1 reveals an electrolyti- cally prepared basso that was affixed to an iron backing. The designation E also refers to an electrolytic plate, but there is a technical difference in its production. In contrast, the first two $5 18-subject back plates were steel plates prepared using the transfer process. FIRST NARROW $5 BACK PLATES As shown in Table 1, the first 12-subject narrow $5 back plates were completed in November 1951. These were innova- tions, and were prepared using a slightly different process than the predecessor wide Is. They form a distinct group by being separated by over six months from the last wide I. Once they were begun, they were prepared continuously until February 26, 1952. Then another time lapse occurred, this time being only two months. The wide Its using the El technology began to be produced continuously from April 1952 until the last of the 12-subject plates was made with plate serial 2096 in May 1952. The last deliveries of $5 notes from the 12-subject plates were made as follows: Series of 1928F Legal Tender Notes-April 27, 1953, Series of 1950 Federal Reserve Notes for Minnea- polis and St. Louis - September 1, 1953, and Series of 1934D Silver Certificates - October 1, 1953 (Shafer, 1967). Page 223 Table 1. Highlights from proofs for the $5 narrow and wide II back plates . Plate Serial Plate Plate Approval Number Number Marking Date Comment 2003 4500 El May 2, 1951 2004 4501 El Apr 20, 1951 2005 4502 El Apr 25. 1951 2006 4503 EI May 2, 1951 last 12-subject wide I 2007 4550 E Nov 16, 1951 first 12-subject narrow 2008 4551 E Nov 16, 1951 2009 4552 E Nov 7, 1951 2010 4553 E Nov 9, 1951 2063 4658 E Jan 29, 1952 2064 4659 E Jan 29, 1952 2065 4662 E Feb 19, 1952 2066 4663 E Feb 26, 1952 last 12-subject narrow 2067 4700 El Apr 24, 1952 first 12-subject wide II 2068 4701 El Apr 24. 1952 2069 4704 El Apr 24, 1952 2070 4705 El Apr 15. 1952 • • • 2093 4744 El May 23, 1952 2094 4745 EI Jun 2, 1952 2095 4746 El May 29, 1952 2096 4747 El May 28, 1952 last 12-subject wide II 2097 4748 Fs Mar 31, 1953 first 18-subject narrow 2098 4751 S Mar 31, 1953 2099 no proof 2100 4780 El Jul 31. 1953 Notes: El = Fs S electrolytic plate with iron backing electrolytic plate flat steel plate steel plate CONVERSION TO 18-SUBJECT PLATES The first 18-subject printings were begun in August of 1952. The conversion of all denominations to 18-subject formats was completed in September 1953 (Bureau of Engraving and Print- ing, 1962). It is evident that the first 18-subject $5 printings did not take place until after March 31, 1953, based on the approval dates in Table 1. The first 18-subject printings were Series of 1935D $1 Silver Certificates. The first 18-subject $5 deliveries were in turn Series of 1953 Legal Tender Notes - May 6. 1953, Series of 1953 Silver Certificates-May 12, 1953, and Series of 1950A St. Louis Federal Reserve Notes -July 6, 1953 (Shafer, 1967). REFERENCES CITED Bureau of Engraving and Printing, 1962, History of the Bureau of En- graving and Printing, 1862-1962: U.S. Government Printing Office, 199 p. O'Donnell, Chuck. 1982, Standard handbook of modern United States paper money, 7th edition: Krause Publications. Iola, WI. 336 p. Shafer, Neil, 1967. A guide book of modern United States currency, 2nd edition: Whitman Publishing Company, Racine, WI, 160 p. Page 224 Paper Money Whole No. 126 Railroad Notes and Scrip of the United States, the Confederate States and Canada by RICHARD T. HOOBER Continued from PM No. 125, Page 170 62. 100.00 (L) Washington, 100 below. (C) Three females, griffin, between 100s. (R) Female, 100 below. R7 63. 500.00 (L) 500. (C) Three females, griffin, 500 at left. (R) Riverboat, 500 above and below. R7 64. 1000.00 (L&R) 1000. (C) Three females, griffin, between 1000s. Date — June 10, 1837. Imprint — Rawdon, Wright & Hatch, New York. R7 GALLATIN —MISSISSIPPI RAILROAD COMPANY (Branch) 65. 10.00 No description. Date — Aug. 1, 1838. Imprint — Unknown. R7 GRAND GULF— GRAND GULF RAILROAD & BANKING COMPANY The company was incorporated December 23, 1833, and the road was to run to Port Gibson. Banking privileges were forfeited when the bank failed to redeem its notes in specie, although 7'/ miles of track had been laid. 66. 5.00 No Description. R7 67. 10.00 (L) Indian in canoe, TEN above and below. (C) Cherub, between 10s. (R) Blacksmith, TEN above and below. R7 68. 20.00 (L) Riverboat, 20 above and below. (C) Man, three females, chariot, train. (R) River- boat, 20 above and below. R7 69. 50.00 (L) Man with tablet. (C) Riverboats. (R) Man with tablet. R7 Mississippi No. 70 70. 100.00 (L) Indian, 100 below. (C) Train, tree, between 100s. (R) Washington, 100 below. R7 Date — Sept. 23, 1835. Imprint — Draper, Toppan, Longacre & Co. Phila. & N.Y. Of Pzre I 11(w, 1-4r ils mut iple Paper Money Whole No. 126 Page 225 GRENADA —MISSISSIPPI & TENNESSEE RAILROAD COMPANY The road was chartered October 16, 1852, by the Mississippi Legislature, and on December 5, 1853, by the Tennessee Legislature. The proposed line to Memphis, a distance of 100 miles, was opened in June, 1857. On February 15, 1889, it was sold to the Chicago, St. Louis & New Orleans Railroad, and later became part of the Illinois Central System. 71. 5C (L) Indian on cliff, FIVE CENTS above, FIVE below. (C) Eagle. (R) FIVE CENTS. Green tint paper. R4 72. 10C (L) Indian woman, female kneeling. (C) Eagle, red TEN CENTS. (R) Dog, safe, 10 above and below. R5 73. 25C (L) Indian on cliff, 25 CENTS above, TWENTY-FIVE CENTS below. (C) Eagle. (R) 25 CENTS, red panel. R5 74. 25C (L) Indian woman, female kneeling, red 25 below. (C) Eagle, red overlay. (R) Dog, safe, 25 above and below. R6 75. 250 (L) Indian seated, 25 below. (C) Eagle, red overlay. (R) Dog, safe, 25 above and below. R6 76. 25C (L) TWENTY-FIVE CENTS. (C) Train. (R) 25, "Receivable in Payment ..." R7 77. 50C Similar to No. 76, except for denomination. R7 78. 50t (L) 50 CENTS. (C) Train. (R) Commerce, 50 CENTS above. R7 79. 75C (L) SEVENTY-FIVE CENTS. (C) Train facing left. (R) 75, "Receivable in Payment ..." R7 Mississippi No. 80 80. 75C Similar to No. 79, except train facing right. R7 81. 1.00 Similar to No. 78, except for denomination. R5 82. 2.00 Similar to No. 78, except for denomination. R5 83. 2.50 Similar to No. 78, except for denomination. R7 84. 3.00 Similar to No. 78, except for denomination. Date — Feb. 20, 1862 or January 1st, 1864. Imprint — Lederle Lith. Memphis. Saunders, Clark & Norton, Prs. Memphis. R6 (To be continued) Page 226 Ute Tfeasure by BRENT H. HUGHES, SPMC 7 "RAG PICKERS", more formally known as paper money collectors, enjoy the thrill of the chase. Want-list in hand, we prowl coin shows and shops searching for that elusive note we need to complete a prized collection. But sometimes the chase turns out to be not quite so thrilling. Witness my latest adventure in my search for rare Confederate notes. It began with a telephone call in which a heavily-accented voice said, "Mr. Hughes, my banker gave me your name as a person who would know about a Confederate bill I have." Here we go again, I thought. A non-collector with a common 1864 $10 note. But I owed the caller the courtesy of a reply. "My name is Karakis. My son and I own a liquor store here. The bill I have is for $1,000 and my banker thought it might be valuable to a collector." To readers not familiar with Confederate currency, the denomination "$1,000" is crucial. The Confederacy issued only one note of that amount, the rare and valuable "Montgomery Note" issue of 1861; notes which were printed in New York before hostilities began. Only 607 were issued, so the number that exists today is probably no more than 100 in all grades. "Mr. Karakis, it is a valuable note, depending upon its condi- tion. But let's be sure it's genuine—there are lots of reproduc- tions around, especially some made for a cereal company about thirty years ago. Do you have the note in front of you?" Paper Money Whole No. 126 "Are the edges tattered or torn? Is the paper all there? Any corners missing?" I was getting a little excited now. If it was a genuine Montgomery note it sure was a long shot. But liquor store owners get all sorts of things offered to them by alcoholics, so perhaps that had happened here. Mr. Karakis assured me that the entire note was there. "All right," I told him, "I'll come over and take a look. But do you want to sell it?" "Yes, I'll sell it. For whatever you think it's worth." That did it. It was about a twenty-mile round trip but I thought it might be worth it. "O.K., I'll be there in a few minutes." When I walked into the liquor store the young man at the counter smiled, "May I help you?" "Yes, my name is Hughes. Mr. Karakis called me about a Confederate note he has." "That's my father. He's back in the office. Go on back." The gentleman smiled pleasantly and shook my hand. "The bill's in the register. Come on behind the counter." The son continued to wait on customers nearby and paid little attention to us. His father lifted the tray from the register and removed an old envelope, which he handed to me. I held my breath as I opened it. Inside was the "Montgomery Note", a typical modern reprint in bright red ink, all the same color, signatures, serial number, portraits, everything. It was a simple one-color offset job on cheap paper. I hid my disappointment as best I could. "I'm afraid it's just a modern reproduction, Mr. Karakis. Just a souvenir and almost worthless." I handed the envelope back to him. The $1,000 "Montgomery Note" of the Confederate States of America was en- graved and printed by the National Bank Note Com- pany of New York with a total issue of only 607 notes. The colors are green and black on white bank note paper. The note is very rare. "Yes," he replied, "right here on my desk." "Has it been folded, as if somebody had carried it around in his wallet?" "Yes, there are three fold marks." I now knew that the crisp uncirculated treasure was not there, but it could still be valuable. "Now, Mr. Karakis, I'm going to ask you some questions about the bill before I drive over there. Look at the bottom edge - are there two signatures there? Such notes were signed by hand." "Yes, yes," he said, "two signatures." "This particular bill was printed in a beautiful shade of green with black lettering and brown signatures. Is the green color about like the back of the paper money we use now?" "Yes, looks about the same. And two portraits, one on each end." "Well, it sounds good. Now turn the bill over. Is the back blank, with maybe some writing on it?" "Yes, it's blank." As I started to leave I went back for a moment. "Tell me, Mr. Karakis, when we talked on the phone this morning you said the bill was green in color. It's actually red. Did you misunderstand my question?" The son had been listening to our conversation. Now he spoke up. "Ah, come on, Pop," he said, "you know you're color blind. You shouldn't have told him it was green when you didn't know it." Now he turned to me. "I'm sorry you wasted your trip, Mr. Hughes. All colors are just shades of gray to him, but he's too proud to admit it. You know how some people are." The father looked a little hurt and I knew there was no point in staying longer. I smiled at the two men and walked out. Sometimes the chase is not too thrilling but I suppose I'll keep looking. That's the way "rag-pickers" are. Paper Money Whole No. 126 Page 227 HOW TO BORROW BOOKS FROM THE LIBRARY • LIBRARY NOTES WENDELL WOLKA, P.O. Box 366, Hinsdale, IL 60522. This report lists additions to the SPMC Library that have been made since the last report in the November-December issue of PAPER MONEY, No. 114. A recent promotion has resulted in increased travel for business purposes. As a result, the amount of time that I have available to devote to the library has dwindled to prac- tically nothing. I would therefore like to find someone, preferably within a 150 mile radius to Chicago, who would be willing to take over the mantle of librarian as soon as possible. If you're interested, please contact me for further details and information. DONATIONS SOLICITED Member-users of this catalogue who have reference materials not contained herein are urged to donate them for the benefit of the Society and its members. All donations are tax deductible and receipts will be furnished on request. Consult the librarian for further details. All review copies should be sent to the editor of PAPER MONEY who will prepare synopses for publication in the magazine before placing such donations in the library. Regular Additions The Checklist —CCRT VOL 15, nos. 2, 3. Virginia Numismatist —VNA, Vol. 20, nos. 3-6, 1984; Vol. 21, nos. 1-6, 1985; Vol. 22, nos. 1-3, 1986. The Numismatist — ANA, July-December, 1984; January- December, 1985; January-July, 1986. Essay Proof Journal— EPS, Vol. 41, nos. 1-4, 1984; Vol. 42, nos. 1-4, 1985; Vol. 43, no. 1. Rag Picker —PMCM, Vol. 19, nos. 3-4, 1984; Vol. 20, nos. 1-4, 1985; Vol. 21, nos. 1-2. Coin & Medal News, April-December, 1984; January-De- cember, 1985; January-June, 1986. New Additions UA60/A6 The Shekel, AINA, 48 pp., Illus., 1984. Var- ious articles on antisemitic paper money and associated aspects. VA60/K5 150 Year History of First National Trust Bank, by Klein, 155 pp., Illus., 1981. Bank history of the First National Trust Bank of Sunbury, Pennsylvania. US15/K5 Standard Catalog of United States Paper Money, by Krause/Lemke, 204 pp., Illus., 1981. US75/M8c Locomotive Engravings on State Bank Notes and Scrip by Muscalus, 40 pp., Il- lus., 1964. Illustrated survey of locomotive vignettes on obsolete paper money. Please request all books by number, author, and title, in the following manner : Dear Librarian : I wish to borrow UA30/P5, Papier Geld by Pick My SPMC number is 0000. Cordially, John Collector 100 Main Street Anywhere, USA 99999 PLEASE PRINT your name, address, and zipcode. RULES — Borrower pays postage and insurance both ways! Insurance must be purchased to the level where return receipts are available. A return receipt protects both the borrower and the Society in case of disputes over nonreceipt of an item. — Send materials back via Insured mail, special fourth class book rate, return receipt requested. Package books carefully. — Xerox service is available at 10C per page. The Librarian can not, however, undertake detailed research work requiring an extensive amount of time. Please enclose a stamped, self ad- dressed envelope if a letter answer is requested. — All book requests and other inquiries regarding the library should be addressed to : Wendell Wolka SPMC Library P.O. Box 366, Hinsdale, Illinois 60522 US15/Y5 The Stock & Bond Collectors Price Guide by Yatchman, 234 pp., Illus., 1984. 1200 stocks and bonds are illustrated and priced. US75/M5M8 Massachusetts Scrip by Muscalus, 35 pp., Il- lus., 1974. Illustrated survey of obsolete scrip notes issued in Massachusetts. US80/L5M5 Parrish Scrip Issued in Louisiana by Mas- calus, 32 pp., Illus., 1966. Illustrated survey of Louisiana parrish notes issued during the Civil War. VA60/H5 The Biography of the Honorable Frank Hill and History of the Ashaway Na- tional Bank by Hill, 39 pp. Illus., 1976. US75/M8e Popularity of Wm. S. Mount's Art Work on Paper Money 1838-1865 by Muscalus, 7 pp., Illus., 1965. Illustrated survey of Wil- liam Mount's artwork on paper money. US75/M8f Saint Nicholas on Early State Bank Notes by Muscalus, 5 pp., Illus., 1959. Illustrated survey of notes with Santa Claus vignettes. US75/M8h The Oxford Paintings of Reynolds Virtues In the West Window on Paper Money by Muscalus, 4 pp., Illus., 1965. US75/M8i Paper Money In Sheets by Muscalus, 106 pp., Illus., 1949. Illustrated survey of uncut sheets of obsolete notes and scrip. Page 228 Paper Money Whole No. 126 US75/M8m Railroad Currency by Muscalus. 43 pp., Illus., 1971. Illustrated survey of obsolete paper money and scrip issued by railroad companies between 1830 and 1900. US75/M8p Early Ships and Shipbuilding on Paper Money by Muscalus, 36 pp., Illus., 1976. Illustrated survey of ship and ship building vignettes on obsolete notes and scrip. The following ten monographs are brief histories of specific banks and, in a few cases, regions, published by the Newcomen Society which, in part, centers its work on the history of finance and banking. VA80/D5 The Black Hills of South Dakota—Its Pioneer Banking History by Driscoll, 24 pp., Illus., 1951. VA80/B5 Transformation in the Desert—The Story of Arizona's Valley National Bank by Bimson, 28 pp., Illus., 1962. VA80/W5 Banking In New Mexico Before the Rail- road Came! by Walter, 28 pp., Illus., 1955. History of the First National Bank of Santa Fe. VA90/M5 Ah Youth—and Experience! A Brief His- tory of the Virginia National Bank by Moore, 24 pp., Illus., 1964. VA90/B5 A Story of Banking In Mississippi by Brown; 24 pp., Illus., 1961. General his- tory in addition to information on the First National Bank of Jackson. VA60/C5 One Hundred Twenty-Five Years On State Street! Merchants National of Boston (1831-1956) by Chapman, 24 pp., Illus., 1956. VA60/H15 History does point the Way! Rockland Atlas National Bank of Boston (1833- 1958) by Hagemann, 28 pp., Illus., 1958. VA60/E5 Hartford National Bank and Trust Com- pany — Three Stories of its One Hun- dred and Seventy Five Years by Enders, 24 pp., Illus., 1967. VA60/L5 Eighty Seven years! Of Banking in Ver- mont by Lockwood, 32 pp., Illus., 1958. History of the Howard National Bank and Trust Company of Burlington. VA60/M5 To Rise Above a Village We Need a Bank! The Story of the Littleton (New Hamp- shire) Savings Banks (1868-1968) by McLaughlin, 24 pp., Illus.. 1968. VA60/M10 Taunton and The Machinists' National Bank, 33 pp., Illus., 1928. A Bank history of this Massachusetts institution. VA60/P10 The Providence National Bank 1791- 1941, 70 pp., Illus., 1941. A history of this Rhode Island bank. VA60/P15 The Centenary of the Merchants National Bank by Pease, 91 pp., Illus., 1925. A his- tory of this New Bedford, Massachusetts, bank. VA60/W5 The Passing Years 1791-1966 by Weston, 145 pp., Illus., 1966. A history of the Indus- trial National Bank of Rhode Island. US75/M8q An Index of State Bank Notes With Por- traits of Presidents by Muscalus, 22 pp., Illus., 1939/1978. US80/15P5 History of Banking in Iowa by Preston, 458 pp., 1922. US25/P5 The First 175 Years of Crane Papermaking by Pierce, 76 pp., Illus., 1977. A history of the supplier of government securtiy paper, Crane & Co. WB30/C5 Principles of Banking by Compton, 283 pp., Illus., 1981. A text on the business of bank- ing. WB30/S5 Money and Banking by Scott, 381 pp., 1903. An early text on all aspects of the subject. WB30/B15 Britton Cases —Bills and Notes by Britton, 906 pp., 1941. Law text concerning cases involving bills and notes. VD30/B5 The Man Who Stole Portugal by Bloom, 306 pp., Illus., 1966. The intriguing story of Alves Reis' plot to take over Portugal illegal- ly through the issuance of bank notes. US75/R5 Mormon and Utah Coin and Currency by Rust, 247 pp., Illus., 1984. Excellent de- tailed history and catalog of Mormon cur- rency and related materials. UC60/K5 Geldscheine des Deutschen Reiches by Koppatz, 176 pp., Illus., 1983. German language catalog of German paper money. Color plates. STATEMENT OF OwNERSHIP2 I1A.NAGEMENT AND CIRCULATION i 'oh, or..." u c oo a 0 10 13 11 11 11 x 16 CIATI or rot .Ftemthr 22, 1913 nociu"Trairriut E1-tionNly A.' rir.V..Trj"."'."" '' AniA"A"'"”k" 15.00 r cora,:iii or 1211 N. upon[ Hignmy. Muer, Delaware 19901 (Kent CountyI I. CO- F•ft. 1 •■•■■014 •00Atif 04 IFNI DEADOo•D F I At Of GENED•t•uf tD113 OFIFCIS Or ,x[ tv f •FI 0211 H. OtIDOnt Highway,orner, .1.3.rue 19901 (Fent Cchntyl r" rt.. . to ....Ft3 ruitamus marrownpit ...nue ri in ex aaoriaxacaaa ,,,,,,M,R ......, ...,,,...ay ......,y, hover Lido Printh, Carpany, 1211 ...F. ,. Pigrem, To`ml". OP , . "901 Gene Beseler, l4 cantile roney Museum. By 521, St. Idris, 61166 u. x.4 C., OD Oottof ••• Of • D f■• •• • Over litho Printing Ccropany, 1211 H. O04Tt Highway. Toyer, Delaware 19901 ■ 7,A;77,31,.,::.:1•:::',....... ., . r =l:::::::. -.11.5.:,F,:::";:ii.: ,.. ... COD, It 4 DO lbw w,ety 01 PA, AV.. fol ot,tovs.y v,1 rl. 1 Hly,.t4 ,..., - qy, . '„?."..c.,,,..:.L.u,...........1.rz,..2,,..=,,v...'zt.v::.0,':,:t..z,•:....„,,,,:v.:::.,..7:::: ,..,,,.-„...:. — 0 :...'tc17,1Xt;,1.8■■`.1""` 0 ;,':::1■,t■ :01.V:a .f.' c'"‘.•• ”.1^g,,,IFAT,t1Wc" :.‘,1,1:',4F.,FEIVI.LIT,'11, . ..,., x..77. ,,,, ,...,, 2660 25u0 76 co' nlmol , ll.r•PruraDon • • 2116 17" ADO ult DU:DAVID CD■Cut AtiON 2116 1777 :.iFt:741VA■7:7O:r, 20 20 I tOf•■ Ott , DFOOFFOD Ff.", Ftf• .4, 0 2136 1797 / COO. NOI CDSIAIDDIED 524 703 .. .... 4.4.4. 2660 2500 lc...tory MuMesimenwnis made by .7k‘AA''''F. 4= :7273".7",. °-‘—.............„., and complus .,,,, Paper Money Whole No. 126 Page 229 Interest Bearing Notes Larry s It's difficult to believe that summer is over; perhaps we'll ex- perience some Indian Summer, then cooler weather. We've had quite a bit of rain this summer in Iowa. The Memphis and ANA shows are now behind us. As the St. Louis show will not be held until November, we will not have a report on that show until next issue. ANA CONVENTION Although I was unable to attend the ANA Convention in Mil- waukee this year, I have received word that the breakfast was at- tended by about 100 members and guests, and the general meeting was also well-attended. John Wilson was in charge of arrangements. DUES REMINDER FOR 1987 With the September-October issue of PAPER MONEY, you found enclosed your 1987 dues notice. If you have not already done so, please take a moment now to send in your 1987 dues of $20. Let the secretary know if there is any change of address. It is important that you remit your dues. We will be deleting names from the mailing list in early 1987 if dues are not paid. Send to: Bob Cochran Secretary, SPMC By the next issue we should have a complete report for you on the activities at St. Louis. Until then, happy collecting, and BEST HOLIDAY WISHES! ward them to you after you are settled. Then I can update the list, to assure that you don't miss any issues. Each magazine that is returned for ANY reason costs SPMC about $1.00. From now on I will notify all members of maga- zines returned to me, via a postcard; if you failed to notify me of an address change, I will charge you the postage necessary to send the magazine to you. SO PLEASE — NOTIFY ME OF YOUR ADDRESS CHANGES! I'd like to say that I am looking forward to serving you. and that I need your support and cooperation to keep things working smoothly. If you have any suggestions or comments that you think will help, please let me know. Finally, a sad duty; I regretfully report the passing of the following SPMC members: Gerald C. Anderson Donald M. Priest Glen Baird Dr. Gastone Sollner Kingsley Falkenberg John A. Thompson Charles T. Heaton E.W. Whitten Bob Cochran, Secretary, SPCM (Continued from Page 218) Sources Dillistin, William H., A Descriptive History of National Bank Notes; Paterson, New Jersey, 1956. Hickman, John & Oakes, Dean, Standard Catalog of National Bank Notes; Krause Publications, Iola, Wisconsin, 1982. Comptroller of the Currency, Annual Reports, U.S. Government Printing Office, Washington, D.C. Bureau of Government Financial Operations, Department of the Treasury, "Treasury Bulletin", U.S. Government Printing Office, Washington. D.C. Secretary of the Treasury, Annual Report on the State of The Finances, U.S. Government Printing Office, Washington, D.C. Secretary of the Treasury, Statement of Currency and Coin. U.S. Government Printing Office, Washington, D.C. ■ SECRETARY'S EPORT I would like to apologize to those of you who did not receive a dues notice envelope with the September/October issue, as was indicated in the magazine. There was some confusion at the printer, so several hundred members did not receive a dues en- velope and membership card. That situation should be rem- edied with this issue. I am most gratified with the quick response of the several hundred dues checks that I have received so far, and I would like to say a special "Thank You" to those many members who contributed to the Publications Fund; the SPMC appreciates your generosity! I am in the process of establishing our membership on my own computer, which should eliminate the delays we ALL have experienced in communicating in the past. You will also notice that my name and address now appears for changes of address and returned magazines. I URGE you to notify me at your earliest convenience if your address will change. Even if you don't know what your new address will be, please let me know — I can arrange to have your magazines sent to me so I can for- MPC Anniversary Card On 16 September 1986, for the occasion of the 40th anniver- sary of the introduction of U.S. Military Payment Certificates. Fred Schwan delivered a lecture on the subject before the Leavenworth Numismatic Club. Now the club has made avail- able a souvenir card with an authentic MPC attached. A limited number of cards have been postmarked 16 September. Cards are available from the Leavenworth Numismatic Club by writing to Fred Schwan, Box L, Ft. Leavenworth. KS. 66027; the price is $5 per card. Please specify if a postmarked card is desired. BEP Cards for LOBEX & NWPMC The face of the 1907, $10 gold certificate and four 50C stamps make up the design for this Long Beach card issued on 2 October. For the National World Paper Money Convention, a card with a montage of fractional currency was issued on 13 Novem- ber. Both cards will be on sale for ninety days after date of issue. The cards are $4 each from the Bureau of Engraving and Print- ing, Mail Order Sales, Room 602-11A, 14th and C Sts., S.W. Washington, D.C. 20228. Paper Money Whole No. 126Page 230 NWPMC '86 ST LOUIS, MISSOURI LOBEX '86 LONG BEACH. CALIFORNIA ,,71.0tvamw, - i'Nurti#011. 03184_4_1:A 404,.. oentionnateeiootee 4"; TENISMIELAIRPCINGOILIMIRDIN Printing 6 delighted am preheat this montage of fractionat plie. 1 World Paper Motley Cootiention in St. I aoh, Ativionei 3-16, This montage femora sections of U.S.hartrotal eurreacy and a rtgne.a of Samuel Dexter, S Crarary of War And Treas.}, tgce, nod. President Thoint. kffernon 71. Dexter Sith note ohs that63 in Junco( 1831 and inhaitineni in ROOM .11fil the lag delivery to the Tree Wirer in 1873. posing dm rem years 4 the ant'sn'k'ere Mde'n't"rth:Teas174191411■'17 to remedy the ChM/1R tdinition Congress to9.1 tbe A. of 1,90 17. 1862 which aothoracil no nst. of 5. 10. 25 and 50egitt Dotage Cogency. LAM' were called Fractional Corm, in, rod were authorized by another o0l of Conte. no Meech 3.567 In the 1.5 yea. Mat Frac- tional ColIVICY1010 prelduced nearly 369 million dollars were imued, Approximately 2 million. to all types or Fraaiona1 Cannot} is .91 oet1hDthditth OL, /10,511,1C ASIC.31014,1,,,' tW..l 11)( 7:thZ‘h or 6 6. Te txmoiesnorate Me Long Beath Stung Clubh 50th Amnon:eh, the Bloc. of Engraving old Printing is pleased to present Om gooier. shot featuring 2 rec.,o of a nergo 1907 610 Gold Ceri ofiente hy a block or four the Winiero Wong PatspeelOi etaratio. reties iheit bold re0a6....11 Metr odurftd phi-orange IsWIES. aro among the mid ptchtreopte zed nose.- toe inn. or Anictiona ohm./ In 7400. fifty hears sinet die Coition,. Gold gunk the TrannitAosoismil haternational linpuntrioo was hold to Omaha. Nelxaxka. IOW Tram.Mismow Commemorative A.1.1144 were Owed It...ghee* thc lordships aid the 1,10010f1 of wen.. lige, NEW MEMBERSHIP COORDINATOR Ronald HorsemanNEW ouPi.s0.mBoox636013191St. L MEMBERS LM 7320 Hugh Shull 7321 Robert Hall, 4021 SW 31 Dr., Hollywood, FL. 7322 Robert Simon, 7107 Oliver Smith Dr., Urbandale, IA 50322; C, Colonial currency. 7323 Kent Peckman, 14 Eagle Place, West Haven, CT 06516; C, Confederate States & New England notes. 7324 James Allen, 20 Bedford Rd., Newport News, VA 23601; C, Germany & Vietnam. 7325 Joe Kraus, P.O. Box 55328, Stockton, CA 95205; C, World bank notes. 7326 Al Groelle, P.O. Box 5158, Cary, NC 27511; C. Silver certifi- cates & national bank notes. 7327 Lillian Gottardo, 1905 Belleview, Westchester, IL 60153; C. 7328 Virgil Gottardo, 1905 Belleview, Westchester, IL 60153; C. 7329 Richard Katz, 711 Clarence, Oak Park, IL; C, Fractional currency. 7330 Eugene Wolosiewicz, 1939 W. Rogers St., Milwaukee, WI 53204. 7331 Lambert Dumask, 6124 Yellowstone, Ft. Wayne, IN 46818. 7332 George Fitzgerald, 6215 Nina Dr. Apt. #3, Ft. Wayne, IN 46815: C. 7333 George Cunaj, P.O.Box 6021, Long Island City, NY 11106; C, Engravings. 7334 Jeffrey White, P.O.Box 73, Athens, OH 45701; C, Fractional currency. 7335 Fremont J. Lobbestacl, 1235 Hogback, Ann Arbor, MI; C, Na- tional bank notes. 7336 Robert Hoge, 1065-C Holli Springs Ln Colorado Springs, CO 80907; C. 7337 Albert Bobrofsky, 711 Oakbrook Blvd., Battle Creek, MI 49015; C, A. Lincoln; MI nationals. 7338 George Courtesis, 915 Kinnaird Ave Ft. Wayne. IN 46807: C&D, Small-size. 7339 Wm. Metz, 140 West 40th Street, Sioux City, IA 51104; C, US & obsolete currency. 7340 Stephen Armstrong, 3339 Fox Hollow Dr., Memphis, TN 38115; C. 7341 Bernard Pawlicki, 8403 Yates Ave., N Brooklyn Park, MN 55443; C. Confederate currency. 7342 Joseph Klodzinski, 1419 Chalfont Dr., Schaumburg, IL 60194: C, Polish; Canadian. 7343 George Neuner, 3435 N. 56th, Milwaukee, WI 53216; C. 7344 John Huppert, 2833 Calvert, Baltimore, MD 21218; C, Essays; die-proofs. 7345 Harry Norkin, 103 West Janss Rd.. Thousand Oaks, CA 91360: C. 7346 Jim Mogg, P.O. Box 397, Hamilton, MO 64644; C, Missouri na- tional currency. 7347 Richard Freedland, 160 Chesterfield, Bloomfield Hills. MI 48013: C. 7348 J.C. Horzewski, 4969 S. 15 St., Milwaukee, WI 53221; C. 7349 Arthur Schweich, 3270 Oakshire, Los Angeles, CA 90068; C, Fractional currency. 7350 James A. Thompson, 418 Warren, Mamaroneck, NY 10543: C, Beginner. 7351 Richard Pope, 938 Cleveland Ave. S, St. Paul, MN 55116; C, Colonial. 7352 Gerald Arndt, 2209 Girard Ave. N, Minneapolis, MN 55411; C, German notgeld (Luther theme). 7353 John Bentley, 1230 Young Place, St. Jospeh, MI 49085: C, Ob- solete notes. 7354 David McNally, 2191 Riverdale Rd Germantown, TN 38138: C, Souvenir cards. 7355 Raleigh Roy Delesbare, P.O. Box 27208, Houston, TX 77228; D. 7356 Mark Volcjak, P.O. Box 254, Delhi, NY 13754; U.S. currency and obsolete NY notes. 7357 Don Ketterling, 16764 Ventura Blvd., Encino, CA 91436; D. 7358 Paul Leon, 9338 Bales Ave. C, Kansas City, MO 64132; C, U.S. & foreign. 7359 F.M. Skelton, 1021 Onondaga Rd Schenectady, NY 12309: C. Paper Money Whole No. 126 Page 231 moneymart Paper Money will accept classified advertising from members only on a basis of 100 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 (138) 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 (138) WANTED VIRGINIA: Nationals, Broken Bank and Scrip. Send description. Corbett B. Davis, 2604 Westhampton SW. Roanoke, VA 24015. (128) 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) 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) 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) 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) 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) Paper Money Whole No. 126 Page 232 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) 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) 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) 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) LITERATURE WANTED: SPMC Journals (especially #1-13), bank histories, auction catalogs, fixed price lists, or periodicals. Michael Sullivan, P.O. Box 461, Winnetka, IL 60093. (127) BOOK: HISTORY OF PRINTING in North Carolina, 1946. contains 313 pages. $17.50. Frank Sprinkle, 304 Barbee Blvd., Yaupon Beach, NC 28461. BOOK: MASTERPIECES OF THE CENTENNIAL Interna- tional Exhibition. Fantastic volume. VF. $24.75. Frank Sprinkle, 304 Barbee Blvd., Yaupon Beach, NC 28461. STOCK CERTIFICATES & BONDS — buy and sell! Current catalog of interesting certificates for sale, $1. Buying all—but es- pecially interested in early Western certificates. Ken Prag, Box 531PM. Burlingame, CA 94011, phone (415) 566-6400. (149) HAVE STOCK CERTIFICATES, bonds and warrants from Montana and Pennsylvania, priced reasonably. Frank Sprinkle, 304 Barbee Blvd., Yaupon Beach, NC 28461. PENNSYLVANIA NATIONALS WANTED, LARGE AND SMALL: Addison, Berlin, Boswell. Cairbrook, Central City, Confluence, Davidsville, Friedens, Garrett, Hollsopple, Hooversville, Jerome, Meyersdale, Rockwood, Salisbury, Sipesville, Somerfield, Somerset, Stoystown, Windber, any condition. Send prices and description to: Bill Ogline, R.D. #1, Box 293, Friedens, PA 15541. (131) SPRINKLE WANTS CERTAIN DEPRESSION scrip from all over the United States, including specimens. Frank Sprinkle, 304 Barbee Blvd., Yaupon Beach, NC 28461. WANTED: Hawaii nationals in EF or better and $1 Emergency issue stars in Gem CU. Nelson Okino, #1 Waters Park Drive, Suite 130, San Mateo, CA 94403. (128) HELP! SPRINKLE WANTS COMPLETE SET of Charles- ton, SC scrip dated 1932-1933. Frank Sprinkle, 304 Barbee Blvd., Yaupon Beach, NC 28461. 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) HAVE SPECIMEN TRAVELLERS CHECKS for sale or trade for specimens I lack. Frank Sprinkle, 304 Barbee Blvd., Yaupon Beach, NC 28461. COLLECTION OF SOUVENIR CARDS, obsolete notes, proof sets, old certificates, silver dollars. Wholesale $395. Frank Sprinkle, 304 Barbee Blvd., Yaupon Beach, NY 28461. PAPER MONEY MAGAZINES: I need the first twelve issues published by SPMC beginning with 1961. Robert Galiette, 10 Wilcox Lane, Avon, CT 06001. (129) TEXAS NATIONAL CURRENCY FOR SALE: Corsicana, Denison, El Campo, Galveston, Georgetown, Gonzales, Hills- boro, Laredo, La Grange, Palestine. Richmond, Schwertner, Stephenville, Waxahachie, Whitewright, other states. SASE brings lists. Joe Apelman, Box 283, Covington, LA 70434. BARR NOTES — FIVE NEW PACKS, one from each of the five issuing districts. First certified check for $950. Virgil H. Culler, 729 Lynnhaven Lane, La Canada, CA 91011. New and Revised standard catalog of WORLD 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* Paper Money Whole No. 126 Page 233 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 234 Paper Money Whole No. 126 BID OR BUY SALE The following 114 pieces of U.S. Currency are being offered on a Bid or Buy basis. You may order any of the following items at the listed prices or you may bid on any item you would like. You may also mix your order by buying some items and bidding on others. Bid notices will be sent within 10 days of receipt. Ordering Instructions and Policies: 1. All items are one of a kind. Second or alternate choices are appreciated. 2. All items sent post paid. 3. All items guaranteed genuine. 4. No charge cards or phone orders accepted. 5. Personal check and U.S. Postal money orders the preferred forms of payment. All forms of payments from parties unknown must clear before shipping of material. 6. 7 day return privilege on any item. MAILING ADDRESS: RICHARD D. DOLLOFF P.O. Box 719 Portsmouth, N.H. 03801 MAINE NATIONAL BANK NOTES ********** 1587. N.H. Concord C# 758 $10 3rd P.B. F 115.00 1565. Maine, Calais C# 1425 $20 1929 T-1 F 195.00 1566. Maine, Skowhegan C# 239 $20 1929 T-1 Crisp XF 135.00 1567. Maine, Skowhegan C# 239 $10 1929 T-2 Crisp XF 175.00 **** MASSACHUSETTS NATIONAL BANK NOTES **** 1568. Mass. Greenfield C# 474 $20 1929 T-2 VF 175.00 1569. Mass. Greenfield C# 2264 $5 Series 1875 VG/F 395.00 1570. Mass. Springfield C# 308 $10 2nd Brown Back VF 225.00 NEW HAMPSHIRE NATIONAL BANK NOTES ***** 1571. N.H., Berlin C# 4523 $101929 T-2 F 125.00 1572. N.H. Bristol C# 5151 $10 3rd PB VG/F "RARE" 465.00 1573. N.H. Claremont C# 596 $20 3rd Dt. Bk. VG • 150.00 1574. N.H. Claremont C# 596 $5 3rd P.B. VG/F . 135.00 1575. N.H. Claremont C# 596 $5 3rd P.B. F 175.00 1576. N.H. Claremont C# 4793 $10 3rd P.B. VG . 175.00 1577. N.H. Claremont C# 4793 $10 3rd P.B. F. 295.00 1578. N.H. Colebrook C# 4041 $5 3rd P.B. VG 225.00 1579. N.H. Colebrook C# 4041 $10 3rd P.B. VG 195.00 1580. N.H. Colebrook C# 4041 $10 3rd P.B. with top margin of sheet intact showing "1902- 1908 10-10-10-10" on front & "10-10-10-10 1902" on back F/VF 475.00 1581. N.H. Colebrook C# 4041 $10 1929 T-2 VF/XF. 395.00 1582. N.H. Concord C# 318 $50 3rd Dt. Bk. F 895.00 1583. N.H. Concord C# 318 $5 3rd P.B. UNC 395.00 1584. N.H. Concord C# 318 $20 3rd P.B. F 125.00 1585. Concord C# 318 $100 3rd P.B. VG with small 1/8th inch c/1 nick "RARE" 750.00 1586. Concord C# 758 $5 3rd Dt. Bk. F 185.00 1588. N.H. Concord C# 758 $20 3rd P.B. F/VF 235.00 1589. N.H. Concord C# 758 $5 1929 T-2 CU 225.00 1590. Concord C# 758 $10 1929 T-2 VF 110.00 1591. N.H. Concord C# 2447 $5 3rd P.B. F 95.00 1592. N.H. Concord C# 2447 $20 3rd P.B. AU 425.00 1593. N.H. Derry C# 499 $10 3rd date back F scarce 395.00 1594. Derry C# 499 $20 3rd P.B. G/VG 195.00 1595. Dover C# 1353 $5 3rd P.B. VG/F 295.00 1596. N.H. East Jaffrey $10 3rd P.B. VF "scarce" 375.00 1597. N.H. East Jaffrey $20 3rd P.B. VF 595.00 1598. N.H. East Jaffrey $20 1929 T-1 VG/F 135.00 1599. N.H. Exeter C# 12889 $5 1929 T-2 VG 125.00 1600. "THE EXETER, NEW HAMPSHIRE COL- LECTION" Comprising a total of fifty (50) notes as follows: 26 pcs., $1-2-3 of 1855 Exeter Bank issues, one (1) 1806 $1 Ex- eter Bank issue, 2 $2 note in the 1830s on the Granite Bank, 7 scarcer fractional notes 5c-10c-25c-50c and 14 national bank notes as follows: $1 Orig C# 1147 w/o C# F $1 Series 1875 C# 1147 F $5 C# 12889 3rd PB. 3 pcs. (F, AU & CU) with diff signatures $5 C# 12889 1929 T-1 3 pcs. (F, VF & VF) $10 C# 12889 1929 T-1 2 pcs (F & F) $20 C# 12889 1929 T-2 3 pcs (VG, F & F) $5 C# 12889 1929 T-2 XF A scarce collection $5,950.00 1601. N.H. Farmington C# 13764 $10 1929 T-2 XF . 350.00 1602. N.H. Franklin C# 2443 $10 3rd P.B. VG. with heavy c/I fold 145.00 1603. N.H. Franklin C# 2443 $10 3rd PB VG 175.00 Paper Money Whole No. 126 Page 235 PAGE 2 OF DOLLOFF LISTING 1604. N.H. Franklin C# 2443 $10 3rd PB serial #104 F 350.00 1605. N.H. Hanover C# 1145 $10 3rd P.B. VG/F 295.00 1606. N.H. Hillsborough C# 1688 $20 3rd Date Back VF "SCARCE" 395.00 1607. N.H. Hillsborough C# 1688 $10 3rd P.B. F 295.00 1608. N.H. Keene C# 559 $5 3rd P.B. F/VF 125.00 1609. N.H. Keene C# 559 $10 P.B. G/VG 39.50 1610. N.H. Keene C# 877 $10 3rd Date Back XF 295.00 1611. N.H. Keene C# 877 $5 3rd PB F 79.50 1612. N.H. Keene C# 877 $20 3rd P.B. F 195.00 1613. N.H. Keene C# 877 $20 1929 T-1 VG 95.00 1614. N.H. Keene C# 946 $10 2nd Brown Back VG . 250.00 1615. N.H. Keene C# 2299 $5 3rd P.B. F 150.00 1616. N.H. Keene C# 2299 $20 3rd P.B. VG 150.00 1617. N.H. Laconia C# 1645 $5 3rd P.B. VG 225.00 1618. N.H. Laconia C# 4037 $10 3rd P.B. VG 235.00 1619. N.H. Laconia C# 4037 $10 3rd PB XF "SCARCE" 695.00 1620. N.H. Laconia C# 4740 "Lakeport N.B." $20 3rd PB F 375.00 1621. N.H. Lancaster C# 2600 $5 3rd PB VG/F 195.00 1622. N.H. Lancaster C# 2600 $10 3rd PB VG 110.00 1623. N.H. Lancaster C# 2600 $20 3rd PB VG/F 275.00 1624. N.H. Lebanon C# 808 $20 3rd Date Back F .. 550.00 1625. N.H. Lebanon C# 808 $10 3rd PB VG/F 295.00 1626. N.H. Manchester C# 1059 $5 3rd Date Back XF 550.00 1627. N.H. Manchester C# 1520 $20 3rd RED SEAL VG/F faded signatures and quite scarce as are all NH Red Seals 465.00 1628. N.H. Milford C# 1070 $5 3rd Date Back VG 195.00 1629. N.H. Milford C# 1070 $10 3rd Date Back VG 195.00 1630. N.H. Milford C# 1070 $5 3rd PB V.F. 195.00 1631. N.H. Milford C# 1070 $5 3rd PB AU NICE!! 395.00 1632. N.H. Milford C# 1070 $20 3rd P.B. F 225.00 1633. N.H. Milford C# 1070 $20 3rd PB F/VF 350.00 1634. N.H. Nashua C# 1310 $5 3rd Date Back VF/XF 365.00 1635. Nashau C# 1310 $20 3rd P.B. F/VF 325.00 1636. N.H. Nashua C# 2240 $5 3rd PB VG 95.00 1637. N.H. Nashua C# 2240 $5 3rd PB AU NICE!! 395.00 1638. N.H. Nashua C# 2240 $10 1929 T-2 F 195.00 1639. N.H. New Market C# 1330 $5 3rd PB VG/F 395.00 1640. N.H. Newport C# 888 $10 3rd PB VF/XF 195.00 1641. N.H. Newport C# 3404 $10 3rd Date Back VG/F 185.00 1642. N.H. Newport C# 3404 $20 3rd Date Back VF/XF 365.00 1643. N.H. Newport C# 3404 $5 3rd PB VG 125.00 1644. N.H. Newport C# 3404 $5 3rd PB VG/F 150.00 1645. N.H. Newport CC# 3404 $5 3rd PB Nice XF lightly ironed 275.00 1646. N.H. Newport C# 3404 $10 3rd PB VG/F 150.00 1647. N.H. Peterborough C# 1179 $5 3rd Date Back VFIXF 395.00 1648. N.H. Peterborough C# 1179 $5 3rd PB XF 375.00 1649. N.H. Peterborough C# 1179 $10 3rd PB F/VF 295.00 1650. N.H. Peterborough C# 1179 $20 3rd PB F . 350.00 1651. N.H. Peterborough C# 1179 $10 1929 T-1 VG 225.00 1652. N.H. Plymouth C# 2587 $101929 T-1 F 150.00 1653. N.H. Portsmouth C# 19 $10 3rd PB VG 65.00 1654. N.H. Portsmouth C# 401 $5 3rd PB F 175.00 1655. N.H. Portsmouth C# 401 $20 3rd PB VF . . . 395.00 1656. N.H. Portsmouth C# 1052 $5 3rd PB F 295.00 1657. N.H. Portsmouth C# 1052 $20 3rd PB F 395.00 1658. N.H. Rochester C# 2138 $5 3rd PB VG/F . . . 395.00 1659. N.H. Somersworth C# 1180 $20 3rd date back VG 235.00 1660. N.H. Somersworth C# 1180 $20 3rd date back F/VF 475.00 1661. N.H. Somersworth C# 1183 $5 3rd PB VG/F . 135.00 1662. N.H. Somersworth C# 1183 $5 3rd PB F . . . 155.00 1663. N.H. Somersworth C# 1183 $10 3rd PB VG 115.00 1664. N.H. Somersworth C# 1183 $20 1929 T-1 F . 175.00 1665. N.H. Tilton C# 1333 $5 3rd PB VG/F 185.0Q 1666. N.H. Tilton C# 1333 $10 $5 3rd P.B. VF 275.00 1667. N.H. Tilton C# 1333 $20 $20 3rd PB F 275.00 1668. N.H. Winchester C# 887 $5 3rd date back F . 250.00 1669. N.H. Woodsville C# 5092 $5 3rd PB VG 295.00 RHODE ISLAND NATIONAL BANK NOTES ***"* 1670. R.I. Providence C# 1007 $10 2nd Brown Back F 250.00 1671. R.I. Westerly C# 952 $20 2nd Brown Back F 495.00 VERMONT NATIONAL BANK NOTES ******** 1672. Vt. Wells River C# 1406 $51929 T-2 F 79.50 U .S. TYPE NOTES **************** Listed by Friedberg Numbers 1673. F# 223 1891 $1 Silver Certificate "Martha Washington" Crisp AU 249.50 1674. F# 224 1896 $1 Silver Cert. "Educational Series" GEM CU 795.00 1675. F# 238 1923 $1 CH.CU 49.50 1676. F# 238 1923 $1 Choice CU Near GEM 59.50 1677. F# 1604 1929-D $1 AU 95.00 1678. F# 1604 1928-D $1 CHOICE CU 195.00 ANA SPMC PMCM CCCC 93246 3878 1593 120 Page 236 Paper Money Whole No. 126 LARGE CURRENCY SALE FR 29 $1 LT 1880 Bit Scarce this Nice Well Centered AU + $145. FR 35 $1 LT 2 needleholes (Blue S/N's) Well Centered AU + $115. FR Type $1 LT 1917 VF $35. EF $45. AU $65. CU $100 Nice Ch CU $150. FR 37a $1 LT The KEY! Signatures Reversed-Scarce EF/AU $225. FR 40 $1 LT 1923 VG/F $20. Fine $30. VF $60. EF $85. CU+ $175. FR 50 $2 LT 1880 Large Brown Spiked Seal Well Centered AU + $165. FR 51 $2 LT Large Brown Spiked Seal Well Centered EF $115. FR 57 $2 LT 1917 VF/EF $45 Bright Well Centered Ch CU $185. FR 60 $2 LT EF $40. AU + $65. Typical close margin Ch CU $115. FR 81 $5 LT 1880 Blue Serial Numbers Well Centered CU $165. FR 91 $5 LT 1917 VF + $45. AU + $85. Typical close margin Ch CU $150. FR 122 $10 LT 1901 "Bison" VG/F $85. VF + $200. Better VF+ $235. FR 123 $10 LT 1923 "Jackson Red Ten" VERY much in demand! VF $395. FR 147 $20 LT 1880 Fine+ $95. Bright VF $150. Crispy, Nice EF+ $250. FR 218 $1 SC 1886 "Martha" Large Spiked Red Seal design VF/EF $200. FR 223 $1 SC 1891 "Martha" New Reverse F/VF $65 Nice AU + $275. FR 224 $1 SC 1896 "Educational" F/VF $95. VF $150 EF+ $225. FR 225 $1 SC "Educational" F $75. F/VF $95. AU $300. AU + $375. FR 226 $1 SC 1899 Date above S/N. Nice CU $150. RARE in Gem CU $250. FR 226a $1 SC A55794111 Nice S/N AU + $75 Nice CU $125. FR 227 $1 SC 11 One in VF $95. VERY Scarce in Hi-Grade AU+ $195. FR 228 $1 SC 11 Difficult Signatures to find this nice Ch CU $195. FR 229 $1 SC 51 4 little flecks R. margin Well Centered Ch CU $175. FR 230 $1 SC A Beauty! Bit Scarce Napier-McClung in Gem CU $225. FR 232 $1 SC 51 Another Difficult "Black Eagle" Very Ch CU $185. FR 233 $1 SC 15 Fine $25. CU $100. Ch CU $145 Gem CU $195. FR 236 $1 SC Fine $25. CU $100. Ch CU $165. FR FR Type 239 $1 $1 SC SC 1923 VF $15. EF $20. CU $35. Ch CU $45 Scarce Woods-Tate G + $20 Gem CU CU+ $65. $185. FR 247 $2 SC 1896 "Educational" Tillman-Morgan F/V F $185. FR 248 $2 SC "Educational" Bruce-Roberts VF/EF $325. FR 251 $2 SC 1899 Very Popular Large Blue 2 design CU/Ch CU $300. FR 253 $2 SC Bit Scarce Napier-McClung Bright Ch/Gem CU $400. FR 268 $5 SC 1896 "Educational" Fine $275 Scarce in VF $375. FR Type $5 SC 1899 "Indian Chief" VF $200. EF $250. AU $325. AU + $400. FR 1173 $10 GC 1922 F+ $35. EF $65. EF+ $80. Scarce in Ch/Gem CU $295. FR 1180 $20 GC 1905 "Technicolor" VERY much in demand! VF $395. FR 1184 $20 GC 1906 RARE Napier-Thompson signatures Nice AU + + $375. FR 1186 $20 GC Light center blend from being a Gem CU Nice AU + $275. FULL RETURN PRIVILEGES Satisfaction Guaranteed or Prompt Refund Orders under $100, please add $1.50 for postage. Personal checks acceptable from those I know. If in doubt, or a large order, please send Cashier's Check or Money Order. Layaways: Note or notes over $200 are 1/3 down, 1/3 in 30 days, balance in 60 days. Notes will be confirmed by S/N. Extensive Catalogue #70 of about everything in Small Size Currency- Rare to Type notes, Block sets, STARS, Hawaii, North Africa, Experimentals, Uncut and Cut Sheets, SOLIDS, Radars, Repeaters, Error notes, Bundles, Wholesale Lots, and more- sent with order or $2 refundable on last purchase. GRAEME M. TON, JR. 203 47TH STREET GULFPORT, MS. 39507 (601) 864-5244 BUYING BERLIN NATIONALS imetlitar Large and small national banknotes (all charters that apply) from the following "Berlin" chartered national banks are wanted by private collector: Berlin, MARYLAND #8319 Berlin, NEW HAMPSHIRE #4523, 5622 Berlin, NEW JERSEY #9779 New Berlin, NEW YORK #151, 10199 Berlin, PENNSYLVANIA #5823, 6512 East Berlin, PENNSYLVANIA #6878, 14091 New Berlin, PENNSYLVANIA #7897 Berlin, WISCONSIN #400, 4620, 4641 Picture Postcards of the above national banks also wanted. Send all inquiries with description (photocopy, if possible), grade and price. Payment will be made by personal check. All inquiries answered. Howard M. Berlin PO Box 9431 Wilmington, DE 19809 Member: ANA, ANS, AINA, SPMC, and NLG Paper Money Whole No. 126 Page 237 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 $15 (please add $ 1 postage and handling) Dealer inquiries invited 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 STANDARD CATALOG OF Upited States Paper Mopey fiftb editiop Chester L. Krause and Robert F. Lemke NEW! Handsome hardcover edition $18.95" Available from your favorite hobby dealer or order directly from the publisher. Dazzle your collecting friends with the new and totally updated 5th edition Standard Catalog of United States Paper Money. This essential, data-packed research aid will give you the background to buy, sell and trade with confidence. C publicationskrause 700 E. State St., Iola, WI 54990 *Please add $2.50 per book when ordering from the publisher. Credit Card Customers Call Toll-Free 1-800-258-0929 8 AM to 5 PM CST Complete coverage for 175 years of official paper money PLUS in-text cross-referencing of the Krause/Lemke numeric system with the Friedberg designations. VIRGINIA OBSOLETE NOTES 10C Botetourt County, 1862 Unc. 1.00 Exchange Bank (Abingdon). 1862 .. F. 20.00 Bank of Valley (Christiansburg) . . . VG. 1.00 Bank of Howardsville, 1861 10.00 Bank of Howardsville, 1861 5.00 Central Bank, 1860 1.50 Bank of Commonwealth, 1862 . . . VF 3.00 Bank of Commonwealth, 1862 1.00 City of Portsmouth, 1862 1.00 Bank of VA (Richmond), 1861 10.00 Monticello Bank, 1860 5.00 Bank of Pittsylvania, 1860 1.00 Traders Bank, 1861 250 Corp. of Winchester, 1861 1.00 Corp. of Winchester, 1861 250 City of Richmond, 1862 Unc. 300 City of Richmond, 1862 VF. 500 City of Richmond, 1862 Unc. 600 City of Richmond, 1862 VF. 10.00 VA Treasury, C.11 Unc. $15.00 13.00 15.00 14.00 16.00 11.00 15.00 11.00 8.00 11.00 14.00 15.00 14.00 15.00 15.00 10.00 12.00 10.00 7.00 45.00 Other obsolete and colonial notes in stock. I also want to buy or trade. RICHARD T. HOOBER P.O. Box 196 Newfoundland, PA 18445 NEPAL * BHUTAN * BANGLADESH * INDIA * THAILAND * TIBET * OTHER FAR EAST COUNTRIES FREE WHOLESALE PRICE LIST OF BANKNOTES/ COINS/MEDALS/SHARES/STAMPS/COVERS TO ALL DEALERS. WE ALSO HOLD REGULAR PUBLIC AUCTIONS, THE NEXT ONE IS IN DECEMBER. CATALOG FREE TO ALL SERIOUS COLLECTORS. geie4, K4,041eAl G.P.O. BOX 3609, KATHMANDU 7101, NEPAL PHONE: (977) 522508 TELEX: 2270 NATRAJ NP ANA SPMC WPCC IBNS APS Increase in Advertising Rates Effective 20 December 1986 New Address for Editor See p. 213 for both Page 238 Paper Money Whole No. 126 BUYING / SELLING. OBSOLETE CURRENCY, NATIONALS• UNCUT SHEETS, PROOFS, SCRIP BARRY WEXLER, Pres. Member: SPMC, ANA, FUN, GENA, CCRT (914) 352-9077 • I N C . P.O. BOX 84 • NANUET, N.Y 10954 WANTED OBSOLETE PAPER MONEY 17150.,*, „ (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, ROCKYILLE CENTRE, N.Y. 11571 Paper Money Whole No. 126 Page 239 PUBLIC AND MAIL BID AUCTIONS • U.S .& FOREIGN • Antique Stocks & Bonds, Fiscal Paper, Currency, Coins, Obsolete Paper Money, Autographs, Confederate Currency & Bonds, Fractional Currency, Numismatic Literature NASCA Division of R.M. Smythe & Co., Inc., 24 Broadway, N.Y., N.Y. 10004 We welcome your consignment (212) 908-4006, Ask for Diana Herzog or Steve Goldsmith Handsome Catalogues—Advertised Sales q Annual Subscription USA & CANADA OTHER With Prices Realized $45.00 $55.00 OREGON PAPER MONEY EXCHANGE iNot'fLANI) 11 UOL1Jibi, 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. Dealers in choice world bank notes 1327-D Rockville Pike Rockville, Maryland 20852 Phone (301) 340-1640 Page 240 Paper Money Whole No. 126 • 4.., -1 COLONIAL CONTINENTAL CURRENCY SPECIALIZING 0.' ,, e., EARLY AMERICAN , p i s NUMISMATICS, , ,,,.,,,,,.. *619-273-3566 & 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! SEND US YOUR LISTSWANT FREE PRICE . LISTS AVAILABLE. AMERICAN NUMISMATICS C/O Dana Linett o Encased Postage Stamps Attendance ■ P.O. Box 2442 ■ LaJolla, CA 92038 ■ 619-273-3566 Members: Life ANA, CSNA-EAC, SPMC, FUN, ANACS 7 43 (1., 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 ST LT_TIS -A59114611i- ,g)*****EWQ:10:1 --)1,' i;lif ST. LOUIS, MISSOURI OBSOLETES AND NATIONALS WANTED RONALD HORSTMAN ROUTE 2, BOX 242 GERALD, MISSOURI 63037 .11.9ms NaBonal Ban', Paper Money Whole No. 126 Page 241 BUYING AND SELLING CSA and Obsolete Notes Catalog available for $1 ANA-LM SCNA PCDA HUGH SHULL P.O. Box 712 / Leesville, SC 29070 / (803) 532-6747 SPMC-LM BRNA FUN FOR SALE CURRENCY FOR SALE U.S.A. LARGE & SMALL-SIZE CURRENCY Including: Nationals, Obsolete, Fractionals, Colonials, "Radars" & "Fancy" Serial Number Notes, & Others. ROBERT A. CONDO S.P.M.C.-2153 P.O. Box 985 A.N.A.-LM-813 P.M.C.M.-342 Venice, FL 34284.0985 M.S.N.S.-LM-61 (813) 484.4468 Large Mail List available for a large-size self-addressed, stamped, envelope. 30-Day Return Privilege — Your Satisfaction Guaranteed 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 Scarce mules wanted! Please ship. $2 Legal Tender 1928C back plates higher than 289 $5 Federal Reserve 1934A back plates less than 939 $5 Legal Tender 1928C and D back plate 637 other scarce mules, any denomination Peter Huntoon P.O. Box 3681 Laramie, WY 82071 Page 242 Paper Money Whole No. 126 IttftftUttfitttt#1#$*##$$#$$#$#MMUIT=TWtttITTIttgt$MWttItTTVIV#####VIttr 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 (201) 791-1683 tt0 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 WE DISAGREE Mail order deception has infiltrated our hobby, prompting many collectors to lump all hobby publications into that "soiled" category. Well, we disagree! Because at NUMISMATIC NEWS we take special measures to protect the interests of our valued subscribers. We do it by insisting that advertisers pass a strict screening policy before they utilize our pages. And, we affirm advertiser integrity on an ongoing basis, through an aggressive "blind testing" program, recognizing solid advertising practices with the Krause Publications' Customer Service Award. Others may talk a good game, but it's a solid policy of action that keeps NUMISMATIC NEWS standing above the rest. That's why you can rely on NUMISMATIC NEWS to provide a favorable climate for both buyer and seller. • numismatic news 16/ MINkly ColleNg GAN Mg CON MANN Home Of Superior Hobby Periodicals and Books krause publications 700 E. State St., Iola, WI 54990 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 actively seek these for my collection. I also have duplicates to sell or trade. GARY SN OVER P.O. BOX 3034 • SAN BERNARDINO, CALIF. 92413 PHONE (714) 883-5849 000001. E / 6 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 Paper Money Whole No. 126 Page 243 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. NA,B 132 EAST SECOND STREETPress PORT CLINTON, OH 43452 Page 244 Paper Money Whole No. 126 the collector's auctioneer for paper money Kagin's is the only major comprehensive auction house that specializes in paper currency for the collector. Following are some of the pieces that will be available at Long Beach in February: Gem type notes 1928 $2 Legal Tender Sheets (2) 1870 $5 Gold National Bank Notes (2) 1882 $201$10 National Double Denomination Note 1922 $500 & 1907 $1000 Gold Certificates 1935 $1 Silver Certificate Sheets (2) Compound Interest Notes For buying or selling paper money at auction, Kagin's is the name to remember: quality material, service and good prices. 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 a Kagin's sale. Please contact me. q Please send me a Kagin's Long Beach Sale 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 Kagin's 1987 Auction Schedule February 12-15, 1987, Long Beach May 28-31, 1987, San Diego September 1987, San FranciscoAddress City State Phone: Day Zip Eve porissioNk NUMISMIITISIs %Imo • 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. [\,,,as_M fer6 td 1 visA. 4. Twenty-four hour answering machine when not in. Feel free to call and reserve your notes. I- 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. Min. Order On Cards 7. We can offer a layaway plan on larger purchases. $50 Please ORDERING INSTRUCTIONStat Charter Member .,..- , SC/CIE:TN---"," .. 4., t PAP1.1g10 \ Ll C OLLECIORS 301 3 HIW, LM-28-19 LM-5773 DENLY'S OF BOSTON PHONE: (617) 482.8477 asrataP.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! only 20.00 + 1.50 10. Handbook of Large Size Star Notes 1910-1929 by Doug Murray, a good book 41. to have! 14.95 + 1.00 42. NATIONAL CURRENCY 43. 11. National Bank Notes, a guide with prices by Kelly, a must book! 2nd Edition 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 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 info on fractional, out of print and hard to finds 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 NEBRASKA - Territorial Banking in Nebraska by Owen 7.95 + .50 NEBRASKA - A History of Nebraska Paper Money & Banking by Walton W ited 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 alter price is for postage & handling with a $5.00 maximum. 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 Size Inches 50 100 500 1000 Fractional 4-3/4 x 2-3/4 11.50 20.50 92.50 168.00 Colonial 5-1/2 x 3-3/16 12.50 22.50 102.00 185.00 Sm. Curr 6-5/8 x 2-7/8 12.75 23.50 105.00 194.00 Lg. Curr 7-7/8 x 3-3/8 14.75 26.75 121.75 221.50 Checks 9-5/8 x 4-1/4 18.50 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. Nichnian- Oakes Auctions , nc. Purveyors of National Bank Notes & U.S. Currency to the collecting fraternity for over 20 years: 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. 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. 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. Hickman - Oakes Auctions ,Inc. John Hickman Drawer 1456 java City, Iowa 52 240 319-338-1144 0/S1011(13Lno WOO Dean Oakes