Paper Money - Vol. XXVI, No. 2 - Whole No. 128 - March - April 1987

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MARCH/APRIL 1987VOL. XXVI No. 2 WHOLE No. 128 HAPPY BIRTHDAY TOM P.O. Box 4290 cda Charter Mt.. rr Professional Llmney Dealers AMMXiilti011 "Pronto Service" Omaha, Nebraska 68104 BUYING - BUYING - BUYING BEBEE'S is most anxious to purchase the following UNITED STATES NOTES for the personal collection of AUBREY AND ADELINE BEBEE. The acquisition of these Sarce/Rare Notes would bring their extensive Paper Money collection nearer to completion. We would be grateful for any notes, in the grades specified, that you may send us. In sending notes, please indicate the prices desired, or you may send notes for our Top Cash Offer. Please remember, a quick, pleasant deal is always assured you at BEBEE'S. 1882 $5.00 BROWN BACK NATIONALS BEEBE'S is paying the amazing TOP CASH price— $600.00 to as high as $2,000.00—depending on Rarity & Grade for the following $5 BROWN BACKS in CHOICE AU to GEM UNC.: Alabama— Alaska—Arizona —Arkansas--California—Colorado —Florida—Georgia—Hawaii- Idaho —Maryland —Mississippi—Montana—Nebraska —Nevada —N. Dakota —S. Dakota —New Mexico — Utah—Washington—Washington, D.C.—Wyoming. WE BUY ALL TERRITORIALS —$5 BROWN BACKS preferred BUT will buy other denominations. At the TOP of our want list is ARIZONA—IDAHO—WYOM- ING. If you have any above notes that don't quite measure up to grade wanted, please write us before mailing notes. In all probability we will still make a deal. REMEMBER, We guarantee you'll be SATISFIED if we buy your notes. BEEBE'S is also PAYING TOP "immediate-Cash" for the following notes: LEGAL TENDER NOTES 1863 $100 F-167, AU or Nicer 1880 $10 F-109, Rosecrans-Nebeker Large Brown Seal, VF + to UNC SILVER CERTIFICATES 1880 $1,000 F-346 B/D, AU or Nicer 1891 $1,000 F-346E. We will BUY any grade VG or Nicer 1899 or 1923 $1 Ladders #123456789 1899 $1 SOLID Nos. #11111111; #22222222; #77777777; #88888888; #99999999 AU/UNC TREASURY/COIN NOTES 1890 $20 F-373, Rosencrans-Nebeker Large Brown Seal, FINE + to UNC COMPOUND INTEREST NOTES 1863 $100 F-193, VF + to UNC $100 LARGE-SIZE NATIONALS 1st & 2nd Charters No. 1 & Star Notes. VF & Nicer. UNCUT SHEETS (4) NATIONAL GOLD BANK NOTES 1870/75 $50 VF to UNC 1870/75 $100 VF to UNC (we will also BUY above in FINE Condition) GOLD CERTIFICATES 1882 $50 Large Red Seal, F-1191. ExF to UNC 1882 $100 Brown Seal, F-1203, ExF to UNC 1882 $100 Lg. Red Seal, F-1204, ExF to UNC 1882 $100 Brown Seal, F-1205, ExF to UNC 1928 $500 F-2404 GEM CR. NEW Only 1928 $1,000 F-2405 GEM CR. NEW Only BEBEE'S is also paying TOP CASH prices for DOUBLE-DENOMINATION NOTES, (both Large and Small); ALL TERRIRORIALS; most LARGE SIZE $1/$1,000 TYPE NOTES in AU/UNC Condition; UNCUT Sheets (4, 12) CRISP UNC; NO. 1 Notes most Large-Size STAR Notes. Please give us a TRY—we've been leading PAPER MONEY PROFESSIONALS ever since 1941. "Be Sure to attend the 1987 American Numismatic Association's Mid-Winter Convention February 27-March 1st at the Radisson Hotel, Charlotte, North Carolina" SASE + $1—to partly cover postage—for our Syngraphic Sales Lists: (A) Large-Size Type Notes; (B) Large- Size Nationals; (C) Colonial & Continental Currency; (D) Fractional Currency; (E) Confederate States of America Currency. Please specify which lists you desire. Aubrey & Adeline BEBEE ANA Life #110, ANS, IAPN, PNG, SPMC, Others AN INDEX TO PAPER MONEY Volume 25, 1986 Nos. 121, 122, 123, 124, 125, 126 No. Page No. Page The Statue of Liberty, a Chinese bank note and related pieces. 30 Illus. 123 124 77 Hoober, Richard T. (See RAILROAD CURRENCY) 126 Horstman, Ronald 167 The First National Bank of St. Louis, a national bank with a state 197 charter. Illus. 125 185 229 Hughes, Brent H. 34 George Alfred Trenholm, financial wizard of the Confederacy, Illus. 121 13 28 How Dixie got its name. Illus. 123 120 The Confederate treasurer's report. Illus 122 58 The treasure. Illus. 126 226 60 Huntoon, Peter The Paper Column: Additions and corrections 126 221 19-year banks and the national bank act of February 25, 1863. Illus. 124 163 Relationship between national banks and corporate extensions and reorganizations of national banks. Illus. 123 97 Significance of plate dates on national bank notes. Illus. 122 67 Small-size $5 narrow and wide II back plates. Illus 126 222 Klein, David H. The last $1 silver certificate. Illus. 121 29 Lemon, James T. Small-size $5 narrow and wide II back plates. Illus. 126 222 60 Mercer, John W. More ... types of paper 122 57 192 Moon, Robert R. 219 How many are still out there? Illus 126 217 153 Mueller, Barbara R. Philatelic sidelights to Eastman Business College currency. Illus 121 19 185 "Shake Rag Street" on new post card. Illus 124 165 NEW LITERATURE 22 America's Currency, 1789-1866, Proceedings of the 1985 COAC at The American Numismatic Society 124 169 Die Geldmacher vom Gulden zum Schilling. W. Kranister 123 132 Australian Bank Notes (1913-1966); Australian Decimal Bank Notes (1966-1985); Bank of Issue in Australia (1788-1914). Michael P. Vort-Roland 122 80 186 San Francisco Clearing House Certificates. R. J. Chandler . . . 125 198 Thai Banknotes. Charles Stewart 122 80 OBSOLETE NOTES 153 Clifton Manufacturing Company. Illus. Brent H. Hughes 124 159 Hudson's Bay Company. Illus. Edward Schuman 123 121 Obsolete notes redeemable in postage fractional currency. Illus. 22 M.R. Friedberg 125 188 12 RAILROAD CURRENCY Railroad notes and scrip of the United States, the Confederate 13 states and Canada. Illus. Richard T. Hoober 121 24 120 122 74 51 124 166 58 125 190 226 126 224 Reed, Fred Additions to Eastman Business College syngraphic and philatelic emissions 125 186 Rothert, Matt, Sr. 25 years ago 122 51 Schuman, Edward Hudson's Bay Company. Illus. 123 121 Slabaugh, Arlie More about military finance center notes 123 122 SOCIETY OF PAPER MONEY COLLECTORS 188 Annual awards described 123 127 Candidates for SPMC board 123 128 Adams, Larry Interest bearing notes 121 122 123 124 125 126 American Bank Note Co. at the IPMC 121 Andrews, Paul An odd denomination military finance training note. Illus. 121 Arnold. David Ray From the bright Mohawk Valley—the legacy of the National Mohawk Bank. Illus. 122 AWARDS Cherry Hill 121 33 Memphis 124 168 Milwaukee, ANA 125 198 Numismatic Ambassador 121 34 BANK NOTE DESIGN The Statue of Liberty, a Chinese bank note and related pieces. Illus. Gene Hessler 123 124 BANKS AND BANKERS From the bright Mohawk Valley—the legacy of the National Mohawk Bank. Illus. David Ray Arnold 122 National banking on Staten Island. Illus. Walter T. Dornfest Part I 125 Part II 126 Organized labor and their banks. Illus. Bob Cochran 124 The First National Bank of St. Louis. a national bank with a state charter. Illus. Ronald Horstman 125 Trade Unions in the banking field: a footnote on the history of St. Louis. Alfred von Hoffman and the Telegraphers National Bank of St. Louis, Illus. Bob Cochran 121 BROKEN BANK NOTES (See OBSOLETE NOTES) BUSINESS COLLEGE CURRENCY Additions to Eastman Business College syngraphic and philatelic emissions. Fred Reed 125 Philatelic sidelights to Eastman Business College Currency. Illus. Barbara R. Mueller 121 19 Cochran, Bob Organized labor and their banks. Illus. 124 Trade unions in the banking field: a footnote on the history of St. Louis. Alfred von Hoffman and the Telegraphers National Bank of St. Louis. Illus 121 CONFEDERATE A reply to a Confederate mystery. Illus. Arlie Slabaugh 121 George Alfred Trenholm, financial wizard of the Confederacy, Illus. Brent H. Hughes 121 How Dixie got its name, Illus. Brent H. Hughes 123 Paper Money and post cards. Illus. Bob Wester 122 The Confederate treasurer's report. Illus. Brent H. Hughes 122 The treasure. Illus. Brent H. Hughes 126 Cooper, Everett K. The state of Texas Civil War currency, a review and reclassifica- tion of Texas treasury warrants. Illus. 121 4 Daniel, Forrest W. Money tales 123 119 The green goods game 122 72 Dornfest, Walter T. National banking on Staten Island. Illus. Part I 125 192 Part II 126 219 Friedberg, M.R. Obsolete notes redeemable in postage fractional currency. Illus. . 125 Hessler, Gene No. Page No. Page Condensed statement of operations 121 31 Currency changes announced 123 123 Editors's corner 121 35 More ... types of paper. John W. Mercer 122 57 123 131 IPMS '86 BEP card 124 169 Educational highlights at Cherry Hill 121 32 Interest bearing notes 121 30 U.S. LARGE-SIZE NOTES — general articles 122 77 Signatures out of sequence on gold certificate proofs. Illus. Gene 123 126 Hessler 121 26 124 167 125 197 U.S. SMALL-SIZE NOTES — general articles 126 229 The last $1 silver certificate. Illus. David H. Klein 121 29 Letters to the editor 121 35 122 79 U.S. NATIONAL BANK NOTES 123 132 Additions and corrections. Peter Huntoon 126 221 124 169 How many are still out there? Illus. Robert R. Moon 126 217 Library notes 126 227 Organized labor and their banks. Illus. Bob Cochran 124 153 Memphis photos 124 168 National banking on Staten Island. Illus. Walter T. Dornfest New members 121 31 Part I 125 192 122 80 Part II 126 219 123 131 The First National Bank of St. Louis. Illus. Ronald Horstman 125 185 124 170 1929-1935 national bank note varieties—supplement XV. Illus. 125 198 M. Owen Warns 121 20 126 230 19-year banks and the national bank act of February 25, 1863. Recruitment report 122 77 Illus. Peter Huntoon 124 163 123 126 Relationship between national banks and corporate extensions 125 198 and reorganizations of national banks. Illus. Peter Huntoon. . . 123 97 Significance of plate dates on national bank notes. Illus. Peter SOUVENIR CARDS Huntoon. 122 67 BEP card for ANA mid-year convention 122 79 Small-size $5 narrow and wide II back plates. Illus. Peter Hun- BEP card for FUN 121 35 toon and James T. Lemon 126 222 BEP card for LOBEX and NWPMC IPMS '86 BEP card 126 124 229 169 Update—individual national bank charters by states whose notes of the 1929-1935 issuing period remain unreported. Illus. M. MPC anniversary card 126 229 Owen Warns. 122 53 Warns, M. Owen 1929-1935 national bank note varieties—supplement XV. Illus. 121 20 U.S. BUREAU OF ENGRAVING AND PRINTING Update—individual national bank charters by states whose notes BEP card for ANA mid-year convention 122 79 of the 1929-1935 issuing period remain unreported. Illus. ... 122 53 BEP card for FUN 121 35 Wester, Bob BEP card for LOBEX and NWPMC 126 229 Paper money and post cards. Illus. 122 51 SOCIETY OF PAPER MONEY COLLECTORS PAPER MONEY is published every other month beginning in January by The Society of Paper Money Collectors. Sec- ond class postage paid at Dover, DE 19901. Postmaster send address changes to: Bob Cochran, Secretary, P.O. Box 1085. Florissant, MO 63031. Society of Paper Money Collectors, Inc., 1986. All rights reserved. Repro- duction of any article, in whole or in part, without express written permission, is prohibited. Annual Membership dues in SPMC are $20; life membership is $300. Individual copies of PAPER MONEY are $2. ADVERTISING RATES SPACE Outside 1 TIME 3 TIMES 6 TIMES Back Cover $99.00 $269.00 $499.00 Inside Front & Back Cover $93.00 $252.00 $475.00 Full Page $81.00 $219.00 $415.00 Half-page $50.00 $135.00 $255.00 Quarter-page $20.00 $ 55.00 $105.00 Eighth-page $15.00 $ 40.00 $ 77.00 To keep administrative costs at a minimum and advertising rates low, advertising orders must be prepaid in advance according to the above schedule. In the exceptional cases where special artwork or extra typing are re- quired. the advertiser will be notified and billed extra for them accordingly. Rates are not commissionable. Proofs are not supplied. Deadline: Copy must be in the editorial office no later than the 10th of the month preceding month of issue (e.g. Feb. 10 for March issue). Mechanical Requirements: Full page 42 x 57 picas; half-page may be either vertical or hor- izontal in format. Single column width, 20 picas. Halftones acceptable, but not mats or stereos. Page position may be requested but cannot be guaranteed. Advertising copy shall be restricted to paper currency and allied numismatic material and publications and accessories related thereto. SPMC does not guarantee advertisements but accepts copy in good faith, reserving the right to reject objectionable material or edit any copy. SPMC assumes no financial responsibility for typographical errors in advertisements, but agrees to reprint that portion of an advertise- ment in which typographical error should oc- cur upon prompt notification of such error. All advertising copy and correspondence should be sent to the Editor. Official Bimonthly Publication of The Society of Paper Money Collectors, Inc. Vol. XXVI No. 2 Whole No. 128 MARCH/APRIL 1987 ISSN 0031-1162 GENE HESSLER, Editor Mercantile Money Museum 7th & Washington, St. Louis, MO 63101 Manuscripts and publications for review should be addressed to the Editor. Opinions expressed by the authors are their own and do not necessarily reflect those of SPMC or its staff. PAPER MONEY re- serves the right reject any copy. Deadline for editorial copy is the 10th of the month preceding the month of publication (e.g., Feb. 10th for March/April issue, etc.) Camera ready copy will be ac- cepted up to two weeks beyond this date. IN THIS ISSUE THE PAPER COLUMN The Use of Geographic Letters on National Bank Notes, 1902-1924 Peter Huntoon 53 ADDITIONS TO PENNSYLVANIA OBSOLETE NOTES, Part II Robert W. Ross, III 55 QUICK QUIZ So you are an expert . David Ray Arnold, Jr. 61 MONEY TALES submitted by Forrest Daniel 61 UPDATE—INDIVIDUAL NATIONAL BANK CHARTERS BY STATES WHOSE NOTES OF THE 1929-1935 ISSUING PERIOD RECENTLY REPORTED M. Owen Warns 62 SOCIETY FEATURES INTEREST BEARING NOTES 66 NEW MEMBERS 66 COMING EVENTS 67 LETTER TO THE EDITOR 67 RECRUITMENT REPORT 67 CANDIDATES FOR SPMC BOARD 68 NEW LITERATURE 69 MONEY MART 70 SPMC ANNUAL AWARDS DESCRIBED 72 ON THE COVER: April 13 is the birth date of Thomas Jef- ferson. The engraver of the Jefferson portrait is Charles Burt. Paper Money Whole No. 128 Page 49 Society of Paper Money Collectors OFFICERS PRESIDENT Larry Adams, P.O. Box 1, Boone, Iowa 50036 VICE-PRESIDENT Roger H. Durand, P.O. Box 186, Rehoboth, MA 02769 SECRETARY Robert Cochran, P.O. Box 1085, Florissant, MO 63031 TREASURER Dean Oakes, Drawer 1456, Iowa City, IA 52240 APPOINTEES EDITOR Gene Hessler, Mercantile Money Museum, 7th & Washington. St. Louis, MO 63166 NEW MEMBERSHIP COORDINATOR Ron Horstman, P.O. Box 6011, St. Louis, MO 63139 BOOK SALES COORDINATOR Richard Balbaton, 116 Fisher Street, North Attleboro, MA 02760. WISMER BOOK PROJECT Richard T. Hoober, P.O. Box 196, Newfoundland, PA 18445 LEGAL COUNSEL Robert J. Galiette, 10 Wilcox Lane, Avon, CT 06001 PAST PRESIDENT AND LIBRARIAN Wendell Wolka, P.O. Box 366, Hinsdale, IL 60521 BOARD OF GOVERNORS Charles Colver, Michael Crabb, Thomas W. Denly, Roger Durand, C. John Ferreri, William Horton, Jr., Peter Huntoon, Charles V. Kemp, Jr., Donald Mark, Douglas Murray, Dean Oakes, Stephen Taylor, Steven Whitfield, John Wilson, Wendell Wolka. The Society of Paper Money Collectors was organ- ized in 1961 and incorporated in 1964 as a non- profit organization under the laws of the District of Columbia. It is affiliated with the American Numis- matic Association and holds its annual meeting at the ANA Convention in August of each year. MEMBERSHIP - REGULAR and LIFE. Applicants must be at least 18 years of age and of good moral character. JUNIOR. Applicants must be from 12 to 18 years of age and of good moral character. Their application must be signed by a parent or a guardian. They will be preceded by the letter "j". This letter will be removed upon notification to the secretary that the member has reached 18 years of age. Junior members are not eligible to hold office or to vote. Members of the A.N.A. or other recognized numismatic organizations are eligible for member- ship. Other applicants should be sponsored by an S.P.M.C. member, or the secretary will sponsor per- sons if they provide suitable references such as well known numismatic firms with whom they have done business, or bank references, etc. DUES - The Society dues are on a calendar year basis. Annual dues are $20. Life membership is $300. Members who join the Society prior to Oc- tober 1st receive the magazines already issued in the year in which they join. Members who join after October 1st will have their dues paid through December of the following year. They will also re- ceive, as a bonus, a copy of the magazine issued in November of the year in which they joined. PUBLICATIONS FOR SALE TO MEMBERS BOOKS FOR SALE : All cloth bound books are 8 1/2 x 11" INDIAN TERRITORY / OKLAHOMA / KANSAS OBSO- LETE NOTES & SCRIP, Burgett & Whitfield $12.00 Non-Member $15.00 IOWA OBSOLETE NOTES & SCRIP, Oakes $12.00 Non-Member $15.00 ALABAMA OBSOLETE NOTES AND SCRIP Rosene Non-Member PENNSYLVANIA OBSOLETE NOTES AND (396 pages), Hoober Non-member NEW JERSEY'S MONEY, Wait $12.00 Non-Member $25.00 ARKANSAS OBSOLETE NOTES AND SCRIP, Rothert $17.00 Non-member $22.00TERRITORIALS-A GUIDE TO U.S. TERRITORIALS VERMONT OBSOLETE NOTES & SCRIP, Coulter $12.00 BANKNOTES, Huntoon $12.00 Non-Member $15.00 Non-member $15.00 above books.Write for Quantity Prices on the $12.00 $15.00 SCRIP $28.00 $35.00 ORDERING INSTRUCTIONS 1. Give complete description for all items ordered. 2. Total the cost of all publications ordered. 3. ALL publications are postpaid except orders for less than 5 copies of Paper Money. 4. Enclose payment (U.S. funds only) with all orders. Make your check or money order payable to: Society of Paper Money Collectors. 5. Remember to include your ZIP CODE. 6. Allow up to six weeks for delivery. We have no control of your package after we place it in the mails. Order from: R.J. Balbaton, SPMC Book Sales Dept. 116 Fisher St., North Attleboro, MA 02760. INDIANA OBSOLETE NOTES & SCRIP $12.00 Non-Member $15.00 MINNESOTA OBSOLETE NOTES & SCRIP. Rockholt $12.00 Non-Member $15.00 MAINE OBSOLETE NOTES & SCRIP. Wait $12.00 Non-Member $15.00 OBSOLETE NOTES & SCRIP OF RHODE ISLAND AND THE PROVIDENCE PLANTATIONS, Durand $20.00 Non-Member $25.00 Library Services The Society maintains a lending library for the use of Librarian - Wendell Wolka, P.O. Box 366, Hinsdale, III. the members only. For further information, write the 60521. Page 50 Paper Money Whole No. 128 4 ABILIMMUMEall 11101100WUX XEMOVALVIRTAIM/MIMIltltaledSINEXII4MIMKW/AMNIF WtsuliNwavuiiin.C. THIS CERT" IES THAT 74LRE HAVE YOUR NEWS AND MARKETPLACE FOR ALL PAPER MONEY Paper Money Whole No. 128 Page 51 If You Collect U.S. Paper Money Then You Owe Yourself A Hard Look At Bank Note Reporter From the early large size "Greenbacks" of 1861 to the intricately designed Treasury Notes of 1890; from the first of the small size U.S. paper — the Legal Tender Notes — to the scarce, obsolete Gold Certificates, if you collect U.S. paper money, you should be reading BANK NOTE REPORTER. As the only independently produced publication aimed exclusively at the paper money hobby, each BANK NOTE REPORTER is loaded with interesting articles and features that can benefit you now. There's no excess in BANK NOTE REPORTER. It covers paper money. And that's all! With every timely issue, you'll find a jam-packed slate of hobby happenings. Each month an experienced staff, as well as outside experts, including a key correspondent tracking the Washington, D.C., beat and others who zero in on the myriad of interests represented in the paper money spectrum, combine to bring you the latest hobby developments. Information that can assist you in your buy/sell decisions whether for long-term investment purposes, or simply for the enjoyment of the hobby. Add to this trustworthy advertisers, a list of upcoming shows and events, and reports of important auctions, and it's easy to see why BANK NOTE REPORTER is your complete news and marketplace for all paper money. 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. r-- BD7 I■1 Page 52 Paper Money Whole No. 128 7 1 1. 11 I, Is )i , i0 11 1 11(.11 ,,), WE ARE ALWAYS BUYING ■ FRACTIONAL CURRENCY ■ ENCASED POSTAGE ■ LARGE SIZE CURRENCY ■ COLONIAL CURRENCY WRITE, CALL OR SHIP: 10,10-411110-41,—.1 ITAtfinan ••. •t 'alKS9tag Inc. LEN and JEAN GLAZER (718) 268.3221 POST OFFICE BOX 111 FOREST HILLS, N.Y. 11375 s0( \ 1112 )∎0N.1-1 \ / ( 0111 ( oKs ..z MI \ci( Charter Member 1,11-3, 19 L.11-5778 Paper Money Whole No. 128 Page 53 The Use of Geographic Letters on National Bank Notes, 1902-1924 THE PAPER COLUMN by Peter Huntoon There were 4279 national banks operating on Oc- tober 31, 1901. The job of sorting redeemed notes for all of them was becoming an increasing head- ache. Between November 1, 1900 and October 31, 1901, $94,881,983 were sorted by bank and denomination in the redemption division. This huge total represented 26 percent of the total amount of national bank notes then outstanding (Comptroller of the Currency, 1902). GEOGRAPHIC LETTERS BEGIN HE nation was divided into six regions for the purposes of sorting: N -northeast, E-east, S -south , M-midwest, W -west, and P-pacific. Beginning March 17, 1902, all national bank note deliveries from the Bureau of Engraving and Printing to the Comptroller of the Currency were over- printed with the appropriate geographic letters for the banks at hand. A notation announcing the arrival of the geographic let- ters occurs in each Series of 1882 ledger listing sheets received from the Bureau. The following is in the 5-5-5-5 book at the top of the March 17 shipment: "All National Currency after above date has a letter to indicate the geographical division in which the bank is located on either end of the face of the notes as indi- cated in the right hand margin of this book." The first geographic letters were used on the following Series of 1882 brown back notes: 5-5-5-5- E5214E, 10-10-10-20 Z916949, and 50-100 B199571. See Table 1. You may won- der why the 10-10-10-10 and 50-50-50-100 combinations are missing from this list. These plates were not introduced until 1906 and 1910, respectively, years after the adoption of geo- graphic letters. It just so happens that the first Series of 1902 deliveries were made on March 17, 1902, beginning with the A1-1-A,B,C,D Paintsville National Bank. Kentucky (6100) 10-10-10-20 sheet. Geographical letters were printed on all of these, so you can't find a Series of 1902 red seal without them. GEOGRAPHICIC LETTERS END Geographical letters served their purpose well but a change in sorting methods introduced in 1924 rendered them obsolete. The Comptroller requested that the Bureau drop their use, an order which took effect on March 14, 1924. The last geographic letters appeared on Series of 1902 notes as follows: 5-5-5-5 K591186H, 10-10-10-10 X438080, 10-10-10-20 N181442H. and 50-50-50-100 B62394. Notice from Table 1 that both Series of 1902 date and plain backs were sharing the same set of treasury serial numbers so both types were simultaneously af- fected by the change in policy. Table 1. Dates of shipments from the Bureau of Engraving and Printing to the Comptroller of the Currency for the National Bank treasury serial changeover pairs for sheets with and without geographic letters in 1902 when they were begun and 1924 when they were discontinued. Geog. Date Bank City State Charter Bank Serials Treasury Serials Letter Series of 1882 brown backs 5-5-5-5 Mar 17, 1902 Pacific NB Nantucket MA 714 5251 - 6250 E4214E - E5213Ea Mar 18, 1902 NB of Commerce New York NY 733 362501 - 363501 E5214E - E6213E E 10-10-10-20 Mar 17, 1902 Farmers and Merchants NB Plano TX 5692 301 - 400 2916849 - Z916948 Mar 18, 1902 Danbury NB Danbury CT 943 5921 - 6720 Z916949 - Z917748 N 50-100 Mar 17, 1902 NB of Commerce New London CT 666 339 - 468 B199441 - B199570 Mar 18, 1902 First NB Series of 1902 plain backs Palestine TX 3694 261 - 327 8199571 - B199637 S 5-5-5-5 Mar 13, 1924 First NB Clifton NJ 11983 8451 - 9450 K590187H - K591186H E Mar 14, 1924 First NB Youngstown OH 3 41501 - 42500 K591187H - K592186H 10-10-10-10 Mar 13, 1924 First NB Eldred PA 9416 4543 - 4642 X437981 - X438080 E Mar 25, 1924 Public NB New York NY 11034 267001 - 268000 X438081 - X439080 10-10-10-20 Mar 13, 1924 First NB Sausalito CA 12453 1 - 200 N181243H - N181442H P Mar 14, 1924 First NB Pittsburgh PA 252 278601 - 279600 N181443H - N182442H Series of 1902 date backs (DB) and plain backs (PB) - note mixing of types, treasury serials consecutive 50-50-50-100 PB Mar 13, 1924 First NB Parkers Landing PA 6045 181 -240 B61935 - B61994 E DB Mar 13, 1924 Waukesha NB Waukesha WI 1086 2751 -3050 B61995 - B62294 M DB Mar 13, 1924 Clarksville NB Clarksville TN 2720 1361 -1460 862295 - B62394 S PB Mar 15, 1924 City NB Dayton OH 2874 701 -800 B62395 - B62494 DB Mar 15, 1924 Arcadia NB Newark NY 6802 591 - 630 B62495 - 862534 a. Serials 6246 - 6250, E5209E - E5213E not issued. -11Willeks ° (4mrPtik 1110111111RMITIOSTIMIONIMMICIMMIMMUNIIVIM I BAITED STATES Bin ERICA 1111,6~g4)3V, R758699E .-1;:r;34:1it w 1.lLt t 5393 e,61.m4,4,,ut„1,41;4 :ttist '111142Kr 134 )1AlitAlt //, 4' 44.4.xu /r/ eV/ /9:// ?Tp. , _ 1„-zrafialifisessmosamiassoortessjfoilearmiza,- Page 54 Paper Money Whole No. 128 Table 2. Shipments of National Bank sheets to the Comptroller of the Currency from the Bureau of Engraving and Printing that have treasury serial numbers that were assigned to the geographic letter range. All were delivered late after the discontinuance of geographic letters and all are presumed to contain no geographic letters. Date of Shipment Bank City State Charter Bank Serials Treasury Serials 5-5-5-5 Mar 18, 1924 Milford NB Milford OH 3234 10251 - 10750 H880987H - H881486H Apr 1, 1924 Citizens NB Riverside CA 8907 29251 - 30250 K155137H - K156136H Mar 14, 1924 NB Morrow County Gilead OH 5251 6601 - 7350 K184387H - K185136H Mar 17, 1924 First NB Rawlins WY 4320 10501 - 11000 K320337H - K320836H Mar 24, 1924 First NB Richmond IN 17 9001 - 9500 K384887H - K385386H Mar 28, 1924 Howard NB Burlington VT 1698 56751 - 57750 K474037H - K4750361-1' Mar 28, 1924 First NB Fort Wayne IN 11 15251 - 16250 K498437H - K499436H 10-10-10-10 Mar 25, 1924 N Park B New York NY 891 736751 - 737750 X376106 - X377105 10-10-10-20 Mar 14, 1924 Grange NB Patton PA 8233 11341 - 11740 M773373H - M773772H Mar 20, 1924 Fourth NB Cadiz OH 4853 13001 - 13600 M942123H - M942722H Mar 19, 1924 Anaheim NB Anaheim CA 10228 7411 - 7710 M956783H - M957082H 50-50-50-100 none a. $5 1902 plain back, Howard NB, Burlington, VT (1698) K474207H-56921-D, fine, has no geographic letter (Hickman and Oakes, Nov. 24, 1979, lot 496). LAG ORDER ODDITIES As good fortune would have it, eleven strange printings oc- curred when geographic letters were dropped in 1924. The im- pacted notes should have geographic letters but ended up with- out them. Here is what happened. Occasionally there were delays in completing certain orders, and those sheets were delivered late. Their preassigned treasury serial numbers were of course used, but those numbers were overprinted later and out-of-sequence. As shown on Table 2, eleven such delayed orders bridged the March 14, 1924 conversion to printings without geographic let- ters. True to form, the Bureau, operating faithfully under orders to drop geographic letters as of the close of business on March 13th, sent the late shipments out without the letters. As an ex- ample, the 5-5-5-5 Mount Gilead, Ohio (5251) shipment was supposed to have been delivered on February 25th and carry treasury serials of February 25th vintage. Those sheets should have been overprinted with geographic letters. The order was actually shipped on March 14th, the day that geographic letters were dropped, so the sheets didn't have letters. They did carry the old treasury serial numbers however! One note is known from the lag order oddity group, a $5 on Burlington, Vermont (1698) that John Hickman wisely photo- copied as it passed through his hands in 1979. It has no geo- graphic letters as shown on Table 2. Probably the most interest- ing in the group would be a $5 note from Milford, Ohio (3234) with serial numbers in the range H880987H-H881486H of (Continued on page 69) WEN T /X ( 114114.1, DP:141'MA •Y: The Pr4--.1 rut tivrIors h (tt.1)1" he 1,111TE :1-'"Eliff SYLVANIA Paper Money Whole No. 128 Page 55 Additions to u-3 ennsyll( n i a Obsolete dotes PART II by ROBERT W. ROSS, III SPMC 4024 Philadelphia Bank of Pennsylvania (page 206) 305-98 $20 Same, except man at left is William Penn and the imprint is Underwood Bald Spencer & Hufty. 305-101 $5 (L) Fifty D. (C) State Seal, fifty at lower left on black background. (R) 50 on black die. Imprint: None. Date: Jany the 12 1812, part ink. Comment: I originally thought this note was different than the one listed, but now believe it is the same note and have added some descriptive details. The City Bank (page 213) 305-173 $5 Same, date is April 5, 1861, part ink. Page 56 Paper Money Whole No. 128 Farmers & Mechanics Bank (page 220) (305- $5 (L) Sailor holding quadrant, 5 above. 255a) (C) Blacksmith shop, farmer, two horses left, red V each side. (R) Woman wiping tankard, 5 above. Imprint: American Bank Note Company. Date: April 6, 1861, part ink. Comment: Believed to be counterfeit. Kensington Savings Institution (page 227) (305- $3 Same, except for 3 above instead of Roman numeral III at left and right. 342a) The Mechanics Bank (page 231) 305-403 $3 Imprint is: Rawdon, Wright Hatch & Edson New York. Comment: This note is dated April 13 1862. Paper Money Whole No. 128 Page 57 The Moyamensing Bank (page 234) (305- $2 (L&R) Woman, Two above and below. 432a) (C) Man and boy with sickle right, small boy sleeping and dog left, 2 in oval each side, Two Dollars below. Imprint: Underwood, Bald, Spencer & Hufty, Philada. and Danforth, Under- wood & Co. New York. Date 18 (305- $3 (L&R) Medallion head, 3 above and below. (C) Ceres, 3 on medallion head 432b) each side. Imprint: Underwood, Bald, Spencer & Hufty, Philada. and Danforth, Under- wood & Co. New York. Date: Unknown. The National Bank (would be page 235) (unlisted bank) (305- $10 (L) Woman reading scroll, 10 above on die. 450a) (C) Three women on wharf, sailing ship left, X on shield at far left. (R) Train crossing bridge, cattle in foreground, 10 on fancy die above. Imprint: Danforth, Bald & Co. New York & Philada. Date: July 4, 1851, part ink. Comment: Believe to be counterfeit. Observe that note lacks any city location. Listing is placed here as the note was obviously meant to pass in a large city. Philadelphia City Sayings Institution (page 239) 305-508 10( Same, also comes with printed date of April 10th, 1838. Philadelphia Savings Institution (page 241) 305-537 25( Same, also comes with no imprint. Schuylkill Bank (page 242) (305- $10 (L) Portrait of Franklin. 547a) (C) Schuylkill river scene, women, cherub, farmer above, 10 each side on die, medallion heads below. (R) Portrait of Washington. Imprint: Murray Draper Fairman & Co. Date: 18 rq\3 t't Itls11 Page 58 Paper Money Whole No. 128 Corporation of Kensington (page 253) (unlisted company) (305- $3 (L) Three on die. 664a) (C) Title. (R) 3 on die. Imprint: None. Date: May 16th, 1837. Comments: Note is printed in light red ink, which makes getting a clear photo- graph difficult. Signed by John Taylor as Treasurer. County Commissioners Notes (page 253) 305-681 $3 Same, also comes with printed date of June 1st, 1837. District of Southwark (page 254) (305- $3 (L&R) Eagle in decorative panel. 698a) (C) Waterfall, 3 each side. Imprint: None. Date: May 23rd, 1838. Comment: All of these notes that I have seen come with the word "copy" writ- ten in ink on the face of the note. These notes are not copies, but original, unis- sued notes that were marked "copy" as a form of cancellation. Pittsburgh ---41F4"alu- fir . CENTS cc L BROBST C Taylorsville Paper Money Whole No. 128 Page 59 Bank of Pittsburgh (page 279) 312-20 $2 Same, imprint is: Rawdon Wright Hatch & Edson New York. Date: March 10th, 1862 (all printed ex- cept the 62) Reading Berks County Bank (page 302) 333-9 $20 Same, also has imprint: Underwood Bald Spencer & Hufty. Taylorsville Delaware Bridge Company (page 330) 400-2 12 1/2( (L) Twelve and a half cents. (C) Twelve and a half cents, title. Imprint: None. Date: May 18, 1837. Comment: Taylorsville is now known as Washington Crossing, PA. Benjamin Tay- lor bought the ferry crossing property on the Pennsylvania side of the river in 1777, and it was called Taylor's Ferry from 1777 to 1835. His descendents es- tablished the 19th century village, which was called Taylorsville. Steinsville Brobst, J.L.& Co. (page 324) (385-1a) 3( (L) Portrait of General McClellan in uniform (C) Allentown Bank of J.L. Brobst & Co., small eagle in flight. (R) 3. Imprint: None. Date: March 1, 1863. Comment: Note is printed entirely in red. Stroudsburg Towanda Towanda Bank (pages 333, 334) 405-1 $1 Same, also comes with printed date of May 4th, 1841. 405-4 $5 Same, also comes with printed date of May 4th, 1841. Warren Stroudsburg Bank (page 326) North Western Bank (page 342) 391-3 $2 Same, also comes with printed date of May 1st, 1862. 425-15 $5 Same, also comes with printed date of July 18th, 1861. Warren Borough Fowler, Fred K. (page 343) (425- 25( (L&R) 25 at top and bottom. 25a) (C) Lumberman's Bank at Warren, re- verse of U.S. Bust quarter above at left and right. Imprint: None. Date: Augt. 4, 1837, part ink. (Illustration on following page) •Page 60 Paper Money Whole No. 128 Williamsport Harney & Thomas (page 362) 451-29 3e Same, also comes with printed date of Jan. 1st, 1863. Waynesburg Farmers and Drovers Bank (page 349) 433-8 $5 Same, imprint is: Underwood Bald & Spencer. Yardleyville Yardleyuille Delaware Bridge Co. (page 365) 464-1 6 1/4e Same, has printed date for Sept. 4, 1837. (464-1a) 10( (L) Incorporated 1834. (C) Title, 10 cents each side on die, dif- ferent layout of words than above note (6 1/4(). (R) Ten Cents. Imprint: None. Date: Has printed date of June 10th, 1837. Comment: My thanks to Robert Pugliese of Colonial Stamp and Coin Co. of Wil- mington, Delaware for the loan of these two notes. He has withstood pressure from me for many years in my attempts to buy these two notes from him. Paper Money Whole No. 128 Page 61 So you are an expert . QUIZ by DAVID RAY ARNOLD. JR. Experienced money-handlers soon recognize at least some of the minor aspects of currency design. In the day of large-size notes this was an important factor in the detection of counterfeits: less so in these days when many governments use offset printing or other methods of direct reproduction. An en- thusiastic collector, however, becomes aware of even the smallest details. As a part of your collecting fun, why not try this little test and then rate yourself after checking the answers that appear on p. 69 in this issue. Include back designs when con- sidering your answers, and do so from your present knowledge! 1. On what denominations of U.S. paper money, regardless of class or size, were Roman numerals used to indicate the monetary amount? If you do not cite all affected denominations, you have missed the question. 2. Whether or not your reply to the first question included such an amount, how could currency accommodate a figure like 10,000 as a Roman numeral? It cannot, of course, be rendered "10M." 3. On what designs, if any, of small-size notes only, do Roman numerals appear? 4. The dollar sign ($) appears several times on large-size cur- rency. On what small-size note, if at all, can it be found? 5. On what note can one count four parked automobiles? 6. On what note can one see four automobiles in use, in ad- dition to ten pedestrians? 7. The portraits and their framing outlines have remained generally, but not entirely, unchanged on current-size paper money. Name the denomination, series and type of note for which a part of the device surrounding the portrait differs noticeably from other issues of the same denomination. 8. Despite the uniformity of portrait design, subtle differences mark the outlines enclosing the portraits on present-day notes. Some are floriated or otherwise ornamented, some changes are more drastic, but each frame is slightly different. Around whose portrait is the border the simplest? 9. The familiar portrait of Grant faces toward out right as we look at a current $50 note. His portrait found some use on large-size notes as well. On what denomination and series does Grant face left? 10. On what note is the American flag shown flying in an in- verted position? This should be the easiest question in the quiz. Check Your Quiz Score If you looked at any form of illustrated material for your re- plies, you probably cheated in school, too. Number Correct 0 - 2 You are either not very observant, or you have little interest in detail. 3 - 5 You have some eye for detail. 6 - 7 You show an above-average interest in, and remembrance of, syngraphic detail. 8 - 10 You display a remarkable familiarity with the design of American currency. NOTE: If you answered the first question cor- rectly, you are the exception indeed. Indication Submitted by Forrest Daniel IMAGES MADE OF MONEY The end of these old bills that have served their purpose so faith- fully has a certain amount of pathos. If one is fortunate enough to be present when a committee of three officers of the treasury send them to their destruction, a curious, almost indescribable sensation will creep over one, says Harper's Round Table. This destruction takes place in a room in the treasury building. There is a small table in the center of the room, and on this the bun- dled bills are piled in reckless confusion. Through two holes in the floor at the end of the table can be seen the large cylinders or macerators into which the bills are placed. They are about the size of locomotive boilers. A large funnel is inserted in one of the holes, and it connects with one of the macerators. The bills are then untied and thrown into the mouth of this funnel. It is amus- ing to see one of the committee take a stick when they become jammed and prod them through. When the last one is safely in a mixture of lime, and soda ash is placed in the macerator, a cover is clamped over the ventricle and each member of the committee fastens it with a separate lock. Steam is then turned on and the cylinders are set in motion. When the bills have been thoroughly macerated, the pulp is drawn out and taken to a paper machine, where it is made into sheets of paper and after- wards sold. Some one suggested the idea of using part of the pulp to make fancy little images. The idea was adopted, and dainty little knickknacks made of the pulp can be bought in the stores in Washington. The salesmen often induce the possible purchaser to buy by telling him that the image at one time represented a large sum of money. —Butte (Mont.) Miner, Aug. 26, 1896. 14302 Cotulla, TX. 14304 Pawhuska, OK 14305 W.N.Y., N.J. 14309 Keokuk, Iowa notes issued — $25,000 in $10s and 20s notes issued — $21,040 in $20s. notes issued — $50,000 in $5s, $10s & 20s. notes issued — $2,400 RARE, 30- $10s, 105-$20s. ---w...11"1"r-7'11-3.- n,4irt rte 14302 4000935 STOCKMENS NATITAAL BANK iN CO ruilA TE 1,01.1AltS A000935 14'.02.7.92 VONSIW-WAT2 pt. TEN 1 NI 011.1. 1LINM DC00138A Page 62 Paper Money Whole No. 128 Update .. . Individual National Bank Charters By States Whose Notes Of The 1929-1935 Issuing Period Recently Reported by M. OWEN WARNS, NLG T HE search for unreported notes of the 1929-1935 Na-tional Bank Note Issues continues. Once more a sizeablenumber of charters have surfaced since the last charter table appeared in PAPER MONEY, No. 122, page 55. These can be found listed in Supplement XVI, page 30 in PAPER MONEY No. 127. No. of 1929-1935 national bank charters granted — 6994 No. of the above charters whose notes are known — 6652 No. of charters whose notes have yet surface. — 342 In this latest charter table are several recently reported char- ters attracting more than a casual interest. We are pleased to be able to bring illustrations of these rare charters to the member- ship. The $10 note from charter 14302, Cotulla, Texas, the last bank chartered in the state of Texas, is significant. This note was reported by Allen and Penny Mincho. Of the final 20 charters granted at the tail end of 1934, [charters 14300 thru 14319] only four chartered banks issued circulating notes. They were- (Illustration courtesy of Allen and Penny Mincho) The Stockman's National Bank IN Cotulla, Texas, charter 14302 was the last charter to be granted in the state of Texas. Cotulla is situated 57 miles southwest of San Antonio. This bank succeeded charter 7243 with the same bank title when the latter was placed in voluntary liquidation after charter 14302 was granted. Of the final four-note-issuing charters in the year of 1934, only a $10 note from The Stockman's National Bank IN (OF, was used in 7243 title) Cotulla, Texas has surfaced. Can anyone report seeing, or do they know of the existence of, a note from charter 14309, The Keokuk National Bank of Keokuk, Iowa. Rare indeed! NOTE: The final note-issuing charter granted during the nation- al bank note issuing period (1863-1935), was 14320, to The Liberty National Bank and Trust Company of Louisville, Ky. It has the distinction of being the sole bank granted a charter in the year of 1935 (January 8). RARE OHIO PRIVATE NATIONAL BANK SURFACES The Neffs National Bank of Neffs, Ohio was established in June of 1910 when granted charter 9799 and was capitalized at $25,000. The bank title and the town of 900 was named for bank president, Franklin Neffs; the cashier was W.A. Imoff. Neffs is located 25 miles northwest of Bellaire in Belmont Coun- ty. The bank liquidated in January of 1931 and was succeeded by charter 1944. The scarcity of notes from this bank speaks for itself as only a meager 852 Type-1 $10 notes were issued. The surfacing of charter 9799 was the 331st of 336 Ohio charters granted. Only 6943 Watertown, 7639 Baltimore, 9274 Mendon, 10436 Haviland and 11216 Freeport remain unre- ported. !ta, „ „ fag lit hitt MINNA lin II tIONR1)% IA it tint '03 "1?A lr -7_ 2*'14.3"5- 11ffigggr-401313'''''' TNE ROT NATIONAL IAA Of COAL CITY TWENTY DOLL%RS .aMtIXa=_1211 td1 FIRST NATIONAL BANK OF •Nt' LAWTONa3 12984 A,000111 A000111 12084 HUI 1111ONAL Of I AKF GEORCF Wel M. TON 114)1.I.11t14 F00003211 4,t Paper Money Whole No. 128 AN ELUSIVE CHARTER SURFACES FROM THE STATE OF NORTH DAKOTA Reported by Allen and Penny Mincho The First National Bank of Munich, No. Dakota is located in Ca- valier County. It was granted charter 7569 on December 1, 1904 when it was capitalized at $25,000. The first officers were Adam Hannan, president and P.J. Atony, cashier. The bank was placed in conservatorship on May 2, 1933 and relicensed on January 27, 1934. Later in 1934 this bank absorbed The First National Bank of Hampden, ND. Charter 7569 issued only 1680 Type-I $10s. SCARCE '14000' OKLAHOMA CHARTER SURFACES The Walters National Bank of Walters Oklahoma was granted charter 14108 as it had succeeded a territorial bank in April of 1934 when it was capitalized at $50,000. It is located in Cotton County some 20 miles southeast of Lawton, Oklahoma. Collec- tors will be particularly happy to know this scarce '14000' series charter finally surfaced. The bank issued 120- Ty-2, $10 notes. The bank absorbed two other Walters banks: Charters 7811, The Walters National Bank and 12118, The American National Bank. INTERESTINGLY RARE CHARTER FROM THE STATE OF INDIANA SURFACES The First National Bank of Monrovia, Indiana was granted char- ter 6354 when established on April 25, 1902 with a capital of $25,000 in a town of less than 500 inhabitants. The bank of- ficers were W. Osborne, president; H.W. Lindsay, vice- president; and James B. Sedwick Jr., the cashier. The bank was located 25 miles southwest of Indianapolis, in Morgan County. It was named after Monrovia, the capital of Liberia, an African country the size of Pennsylvania, founded in 1822 by U.S. freed black slaves. On July 26, 1847, 25 years later, Liberia became a republic with a consitutional government similar to that original- ly set up 25 years earlier [1822]. The only 1929-1935 notes issued were — 16,464, Ty-I $5s (illustration courtesy Don C. Kelly) Page 63 The First National Bank of Coal City, Illinois was established in January of 1912 with a capital of $25,000. The bank was located on the northern fringe of the highly productive Illinois coal fields. The population of Coal City now stands at 3020. The Bank was placed in conservatorship on March 20, 1933 and relicensed on May 19, 1933. The bank had only 25 sheets of the Type-I $20 notes processed, resulting in a mere 150 notes issued: quite a note indeed! (illustration for Illinois note courtesy of William Kleinschmidt) EXCEEDINGLY SCARCE MICHIGAN CHARTER REPORTED The First National Bank of Lawton, Michigan was located in Van Buren County some 25 miles southwest of Kalamazoo. The latest population of Lawton is 1,358 which is about the same as it was when the bank was granted charter 12084 in No- vember of 1921, with a capital of $25,000. The bank was placed in conservatorship on May 12, 1933. Only 693, Type-I $10 notes were issued! (illustration courtesy of Allen and Penny Mincho) RARE CHARTER FROM THE STATE OF OREGON SURFACES The First National Bank of Silverton, Oregon was granted charter 11106 on November 21, 1917. The Bank was capita- lized at $35,000 when the population was around 4,000. It was placed in receivership on August 15, 1932. Silverton is located 12 miles east of Salem, Oregon's capital, and three miles south of Mount Angel, the site of the Mount Angel Seminary. There were 2784, Type-I $10s issued. SCARCE LAKE GEORGE NOTE SURFACES The First National Bank of Lake George, NY, charter 8793, was located in Warren County in the northeastern part of the state of New York. The bank was established on July 7, 1907 with a capital of only $10,000! The bank officers were Frank W. Smith, president; the cashier was Karl T. Cruisedale. There were 3096 Ty-I $10s and 170 Ty-II $10s issued. During the past 100 years Lake George has not changed nor is it likely to THE PACIFIC C000397A NATIONAL ME IF • LOS ..A-NGELES CU MANNA • FIVE DOLLARS C000397A isTamtiotpoluitiat. THE ELDEN NATIONAL BANN IN 00 ST. AI.BANS00 "1*§EINIT DOLLERS A001117 1)800 LL-r-mt 15800 A001117 3 8 a 0 IKE FIRST E000254A NATIONAL BANN OF ALEXIS ILLINOIS v., se, C(P/J•P TEN DELENI{S E000254A 1 41 Page 64 change. As a scenic area with every natural beauty it has no parallel as a mecca for nuptial couples from New York State, particularly from New York City, and the eastern states. Lake George stretches southward some 40 miles from Fort Ticonder- oga thru a terrain of breathtakingly beautiful scenery to the town of Lake George. The quiet solitude of the surrounding area of beauty affords an ideal haven for restful relaxation and agree- able recreation. The Tongue Mountains border the west side of Lake George where hikers and skiing enthusiasts can spend time enjoying themselves. Bathers and water skiers are treated to the unmatched sparkling, sandy beaches. While the popula- tion of Lake George has remained unchanged over the years, the scenic beauty remains at it was 100 years ago, and the mec- ca for honeymooners is still in full bloom. Paper Money Whole No. 128 The First National Bank of Alexis, Illinois was established on May 18, 1894 when charter 4967 was granted. The bank was capitalized at $50,000. The first bank officers were Charles E. Johnson, president; W.C. Tubbs, vice-president; and C.A. Tubbs, cashier. Alexis is located 15 miles northwest of Gales- burg in Warren County. Voluntary liquidation came on March 15, 1932; it was absorbed by charter 4400, The National Bank of Monmouth, Illinois. There were 2166, Type-I $10s and a total of only 252, Type-I $20s issued. (illustration courtesy of Mike Fink) CHARTER SURFACES FROM HISTORICAL ST. ALBANS, VERMONT TWO SCARCE CALIFORNIA CHARTERS SURFACE . . . The First National Bank of Ducor, California, charter 10301, was established on December 12, 1912. The village today has a population of 271! A mere 108, Ty-I $20 notes were issued. The note reported is the first to surface from charter 10301. Liquidation took place on June 18, 1931 when the bank was absorbed by the Bank America of California, at Los Angeles. This is a coveted prize indeed for California state collectors. The Pacific National Bank of Los Angeles, California was established in October of 1923 when granted charter 12454. The Bank was capitalized for one million dollars. The bank issued a total of $1,858,600 in Third Charter $5, 10, 20, 50 and 100 notes amounting to $1,828,100, along with 6100, Type-I $5 small-size nationals amounting to $30,500. Of inter- est is the fact that notes A001017E and A001017F from the last sheet processed were deleted from the delivery to the bank, thus the small-size notes figure of $30,500. (illustration courtesy of Philip Krakover) The Welden National Bank in St. Albans, VT. Charter 13800 was established in the fall of 1934 with a capital of $100,000. A total of four National Banks were established in this city whose latest population is 7300! The other three banks granted nation- al charters were: charter 269, The First National Bank of St. Albans (1864-1884); The Vermont National Bank of St. Albans (1865-1883); The Welden National of St. Albans (1886-1933). ST. ALBANS SACKED IN THE FALL OF 1864! By the summer of 1864, 30 to 40 marauding agents from the Confederacy had made their way into Canada above the Ver- mont state border in a position from which they were able to sack, destroy, burn and loot banks and stores and kill people in their homes in small towns and cities along the countryside in their efforts to raise money for the Confederacy. A foray by four of the agents on banks in New York City was foiled. In late Oc- tober of 1864 a party of agents raided the St. Albans banks and got away with more than $200,000.00. With the large haul of cash, charter 269, The First National Bank of St. Albans, having been chartered eight months before on February 20, 1864, could also have been a victim of the raid. COLLABORATORS IN THE PREPARATION OF THIS TABLE OF NEWLY SURFACED CHARTERS LONG SOUGHT ILLINOIS NOTE FINALLY SURFACES Charles A. Dean Tom Denly John T. Hickman J.J. Hoskovec Allen Karns Don C. Kelly William Kleinschmidt Lyn F. Knight Philip Krakover Richard Montford Lester Merkin Allen Mincho David W. Moore Frank Nowak Dean Oakes Alex Perakis Gary W. Potter Robert Rozycki Thomas Snyder Stephen Tebo William Waken Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan 10 3 8 3 3 8 5 6 Recapitulation (as of (7-1-86) (Supp. XVI) Charters granted - 6994 Charters surfaced - 6652 Charters unreported - 342 PAPER MONEY UNITED STATES Large Size Currency • Small Size Currency Fractional Currency • Souvenir Cards Write For List Theodore Kemm 915 West End Avenue q New York, NY 10025 Paper Money Whole No. 128 Page 65 CHARTER BANKS WHO ISSUED THE 1929-1935 NATIONAL BANK CURRENCY WHOSE NOTES REMAIN UNREPORTED Unreported Notes by Charter Number of Issuing Bank. States Territories District Banks Remaining Unreported Unreported Notes by Charter Number of Issuing Bank. 7451, 7687, 7991, 7992, 8028, Pennsylvania 25 522, 2562, 4222, 5920, 5974, 9055, 9927, 10102, 10307, 6281, 6603, 6709, 6878, 8092, 11259. 9123, 9554, 11892, 11966, Notes from all banks reported 12063, 13868, 13871, 13908, Notes from all banks reported 13999, 14049, 14112, 14121, 9633, 10459, 12238, 12296. 14169, 14181, 14182. 8063, 10184, 10309, 11041, Rhode Island - Notes from all banks reported. 11330, 11433, 11566, 11867, South Carolina 7 6385, 9296, 9876, 10129, 12271, 12328, 12624, 14202. 10263, 10586, 11499 6454, 7704. South Dakota 6 2068, 6561, 8698, 11457. Notes from all banks reported. 11590, 11689. Notes from all banks reported. Tennessee 3 10181, 10449, 12319 10316. Texas 49 2729, 3261, 3973. 4289, 4368, 7757. 4438, 5109, 5475, 5759, 6361, 8314, 10333, 11290, 12404. 6375, 6400, 6461, 6551, 6780, Notes from all bank titles reported. 6896, 6968, 7378, 7524, 7775, Notes from all bank titles reported. 8204, 8249, 8522, 8690, 8770, 903, 1428, 1870, 3579, 5285, 8816, 8817, 9053, 9625, 9810, 10045, 11333, 13673, 13709, 9812, 9989, 10241, 10323, 13993. 10403, 10472, 10657, 10703, 2747, 3338, 4685, 4688, 5476, 11163, 12741, 13555, 13562, 6558, 6765, 7354, 7491, 8351, 13661, 13667, 13669, 13984, 8912, 10616, 12028, 12780, 14027, 14072, 14126. States Banks Territories Remaining District Unreported Alabama 10 Alaska (Terr.) Arizona Arkansas 4 California 12 Colorado 2 Connecticut -- Delaware District Columbia 1 Florida 1 Georgia 4 Hawaii (Terr.) -- Idaho -- Illinois 10 Indiana 15 14075. Utah Notes from all banks reported. 2961, 4795, 5585, 6852, 7357, Vermont 2 7614, 13261. 8057, 8099, 9549, 9821, 14309. Virginia 10 7208, 7782, 8003, 9890, 10611 3134, 8974, 9136. 10658, 11533, 11978, 12267, 2576, 4819, 7254, 11890, 13878. 12202. 13906, 14026, 14076. Washington 7 3862, 8639, 9576, 10407, 10544, 11521, 14225. 11416, 13057, 14166. 1956, 7835, 13843. West Virginia 13 6170, 7264, 7672, 8333, 8434. 1236, 3205, 4364, 6202, 8799, 8998, 9523, 10392, 10759, 8860, 12443, 13798. 11268, 11502, 13505, 13783. 684, 1386, 2288, 2312, 14266. Wisconsin 2 11083, 14095. 9509, 10631, 12661, 12793, Wyoming Notes from all banks reported. 13929, 14144. North Carolina 1 North Dakota 19 3155, 6366, 6519, 6795, 6933, 10507. Notes from all banks reported. 6343, 6885, 8916. 10715, 10939. 5337, 7622, 8797, 9665. Notes from all banks reported. 13861. 2083, 4274, 5403, 5730, 6179, 8501, 8661, 8681, 8829, 9661, 10430, 12829, 12903, 14088, 14153, 14305. Notes from all banks reported. 266, 295, 296, 2463, 2869, 3171, 3193, 3333, 4416, 4998, 5746, 5936, 6087, 7233, 7763, 7840, 8334, 8343, 8388, 8717, 8872, 10374, 10930, 11518, 11739, 11956, 12018, 12294, 12398, 13089, 13229, 13246, 13365, 13909, 13911, 13945. 9044. 6210, 6218, 6397, 6474, 6475, 6557, 6601, 6743, 7872, 7879, 8881, 9386, 9684, 10721. 10864, 11069, 11184, 11226, 13501. 6943, 7639, 9274, 10436, 11216 5811, 6517, 6641, 7209, 8472, 8616, 8859, 9709, 9881, 9964, 9970, 10205, 10380, 11397. 3774, 5822, 8941, 9281, 10164, 10992, 13294, 14001. Minnesota 6 Mississippi - Missouri 3 Montana 2 Nebraska 4 Nevada - New Hampshire 1 New Jersey 16 New Mexico New York 36 Ohio 5 Oklahoma 14 Oregon 8 Interest Bearing Notes Ad7rns/le Page 66 As you read this, spring will be approaching. Iowa has had a relatively mild winter, with not much snow. But spring is not of- ficially here until the third week in March, so we could get some before then. As noted on the Coming Events Page, SPMC will hold a number of regional meetings this year. Please follow the Events Page and Numismatic Press carefully for more details about these events. REGIONAL MEETINGS John Wilson, our active Board Member in Milwaukee, and his committee have been busy lining up SPMC regional meet- ings and events for 1987. A meeting was held at F.U.N. in January, and was fairly well attended. Seven other regional meetings are planned — so far — which doesn't preclude others if you or your club have an idea for one. For further details watch the Coming Events Page and the numismatic Press (Bank Note Reporter, Coin World, etc.). Contact John Wilson, P.O. Box 21785, Milwaukee, WI 53227 if you have any ideas or sug- gestions. 1987 BALLOTS ENCLOSED In our last issue I announced the nominating committee. They have been busy at work, and have selected a slate of can- didates for the SPMC Board. Although in my last column I stated that the ballots would be sent out in the May-June issue, after conferring with several other Board Members and the Nominating Committee, it was decided to go ahead and enclose them with this issue. We can count them at our meeting in Mem- phis, and make our announcement then. As you may remem- ber, we had a problem last year. The ballots were sent with the May-June issue; this did not allow enough time between the mailing of the magazine and the meeting at Memphis, so they were counted at the ANA Convention in 1986. So please take a moment to select the five candidates of your choice. SEALED BALLOTS should be sent to Bob Cochran, Secretary, P.O. Box 1085, Florissant, MO 63031. They will be taken SEALED, to Memphis, where they will be counted and tabulated. Ballots should reach Mr. Cochran in Florissant by no later than June 15. The biographies of the candidates and their photos are in- cluded with this issue. Remember that Board Members are the "movers and shakers" for the SPMC, so we need people who are dedicated and who will be good workers. Special thanks to John Ferreri and his Nominating Committee for all of their hard work in contacting candidates. And thanks to those who com- pleted 3-year terms and are stepping down (Don Mark, Peter Huntoon, Steve Whitfield, and Charles Kemp, Jr.). MEMBERSHIP DRIVE As all of you know, more members in any organization make it stronger. This makes it possible to accomplish more. We are about to start a membership drive. We have been collecting names of prospective members over the past few months. Our plan is to have members (Board Members, dealers, and other Paper Money Whole No. 128 members who choose to participate) request application forms and lists of prospective members for their region or state. Then, contact these prospects personally by phone or letter and ask them to join! It's as easy as that! Bob Cochran, our Secretary, has the list, and will be happy to send you your prospective regional members. We can't make the entire list available. We have some incentive prizes for those who recruit the most mem- bers; some nice banknotes have been DONATED for this pur- pose. Further details will be found elsewhere in this and upcom- ing issues of PAPER MONEY. So get busy and help us recruit new members!! PATRON'S ASSOCIATION In the previous issue of PAPER MONEY an application for our Patron's Association was enclosed. I hope most of you will consider joining. For a donation of $15, a current BEP souvenir card will be given. This was not specified on the application. We hope many of you will be able to attend our regional meetings planned for 1987! We hope to see you there!! NEW MEMBERSHIP COORDINATOR NEW Ronald HorstmanP.O. Box 6011St. Louis, MO 63139 MEMBERS 7400 William Ritter. 5678 Cathro Rd., Alpena, Ml 49707; C, U.S. large-& small-size; nationals. 7401 Kenneth Jemdell, P.O. Box 1421, Elkton, MD 21921; C&D, World Paper. 7402 Michael Morris, P.O. Box 210536, Minneapolis, MN 55431; C&D. 7403 Sidney Koopman Jr., 994 Providence Rd Whitinsville. MA 01588; C, Souvenir Cards. 7404 Brian Silsbee, Rt. 2, Box 196, Ashkum, IL 60911; C&D, South America (primarily Chile). 7405 David B.C. Tucker, RD#5, Box 873, Montague, NJ 07827. 7406 Paul Edward Saylor III, 143 Ruth Rd., Harleysville, PA 19438; C, Small-size U.S. notes. 7407 Edwin Hall. 114 S. Cay Dr., Milledgeville, GA 31061; C. 7408 Bruce Vogel, 2400 W. 17th Ave., No. 202D, Longmont, CO 80501. 7409 Sandy Ewing, 11414 Industriplex Blvd., Baton Rouge, LA 70809. LM45 Thomas Snyder; Conversion to life member from #5592. LM47 James Cowell Jr.; Conversion to life member from #6949. LM48 Dave Eakin; Conversion to life member from #6794. LM49 Rev. Joseph W. Baker; Conversion to life member from #6173. LM50 Ken Barr; Conversion to life member from #6233. LM51 Harry R. Valley; Conversion to life member from #2563. LM52 Dr. Donald W. Schleicher; Conversion to life member from #1997. LM53 Thomas E. Caton; Conversion to life member from #4293. LM54 Jim Kubo; Conversion to life member from #5771. LM55 Doug Walcutt; Conversion to life member from #7012. SUPPORT YOUR SOCIETY Paper Money Whole No. 128 Page 67 COMING EVENTS REGIONAL MEETINGS FOR 1987 May 9 Central States Numismatic Show in St. Louis, MO; speaker will be Eric P. Newman. June 20 International Paper Money Show in Memphis, TN. A breakfast or banquet will be held. July 25 Mid America Coin Show in Milwaukee, WI; speaker to be an nounced. August 27 ANA Convention in Atlanta, GA; speaker to be announced for 10 a.m. meeting. September Paper Money Convention in Cherry Hill, NJ held in conjunction with GENA. October 29- Second Annual National and World Paper Money Convention in November 1 St. Louis, held by PCDA; IBNS and SPMC will be cosponsors; speaker to be announced. October Milwaukee Numismatic Society in Milwaukee, WI; speaker to be announced. Exhibits for Memphis IPMS May 1 is the deadline for submitting an exhibit application for the Memphis International Paper Money Show (June 19-21). Once again there will be four awards offered and a plaque of ap- preciation will be given to each exhibitor. The Bank Note Re- porter will present an award for the exhibit most likely to en- courage new collectors. The following organizations will give an award to one of their members: the SPMC, IBNS and the Frac- tional Currency Collectors Board. Interested exhibitors should contact Martin Delger, 323 Dawnlee Ave., Kalamazoo, MI 49002. Letter to the Editor When I was researching my article "Organized Labor and Their Banks" (PAPER MONEY, July/Aug, 1986), 1 was unable to find much infor- mation about the ultimate fate of these banks. The recent snowfall here in St. Louis restricted me to the house, so I spent some time rereading back issues of PAPER MONEY. You can only imagine my surprise (and quite honestly, disappointment in my- self) when I came across an article by Harry Corrigan in the May/June, 1978 issue, entitled "the Brotherhood of Locomotive Engineers Co- operative National Bank of Cleveland." This article not only deals with the bank in the title, but it also provides excellent information about the other labor-owned or operated national banks; in truth, it contains much material I would like to have included in my own article. I hadn't considered back issues of PAPER MONEY. Had I known about Mr. Corrigan's article, I would have contacted him and asked per- mission to submit an UPDATE of his work; I thought I was covering new ground, when in fact I was simply following in his footsteps. For anyone who does not have a copy of Mr. Corrigan's article, I will be happy to provide them with a photocopy; simply send a legal-size self-addressed stamped envelope to Bob Cochran, P.O. Box 1085, Florissant, MO 63031. RECRUITMENT REPORT If the Society of Paper Money Collectors is to remain a leader in the field of syngraphics, a moderate growth rate must be maintained. For the welfare of the society, everyone must get involved in recruitment. If every member recruited just one new member and each new member recruited another new member we probably would have the most influential organization in numismatics. In keeping with this recruiting objective, the top recruiters will be recognized in our bi-monthly magazine. An award will be presented to the top recruiter of the year. Collectors John Wilson 28 Wendell Wolka 13 Dealers Richard J. Balbaton 27 Tom Denly 4 Address for Editor Mercantile Money Museum 7th & Washington St. Louis, MO 63101 Page 68 Paper Money Whole No. 128 CANDIDATES FOR SPMC BOARD NELSON PAGE AS- PEN was born and raised in Philadelphia. He is a gradu- ate of the Citadel in Charles- ton, SC and servedwith the U.S. Navy during World War II, Korea and Vietnam. Nelson is a practicing ortho- pedic surgeon and father of five children. He is a founder and charter member of the Currency Club of Chester County (PA), a life member of the NLG, member of the Canadian Paper Money Society, Essay Proof Society and numerous other numismatic and medi- cal societies. Dr. Aspen has authored many articles on coins and paper money. As an author he is best known for A History of Ber- muda and its Paper Money. RICHARD BALBA- TON, ANA member for over 25 years, joined the SPMC in 1969. For the past two years, in the dealer cate- gory, he has won Society's Recruiting Award. Dick is the SPMC Book Sales Coor- dinator and is responsible for handling back issues of PAPER MONEY. A member of the Profes- sional Currency Dealers As- sociation, he is a full time dealer who is familiar with all types of currency. Dick is an active member of coin and currency clubs throughout New England. MARTIN GENGERKE has been collecting for 30 years and has worked as a dealer and cataloger since 1971. During the past 15 years he has written for most numismatic journals. Martin is currently a cataloger at Stack's in NY. As a collec- tor, dealer, cataloger and writer, Martin feels that he has "the experience and per- spective to be of further value to our organization, and through day to day contact with other collectors and dealers, to understand and appreciate the views and concerns of the various sectors of our hobby." GENE HESSLER, a na- tive of Cincinnati and a mu- sician by profession, is cura- tor of the Mercantile Money Museum in St. Louis. He held a similar position at The Chase Manhattan Bank for ten years. Gene is the author of three U.S. paper money- related books, the third to be published soon, and has written extensively for PAPER MONEY and other publications. Gene has served as editor of PAPER MONEY since 1984, and feels that it would be advantageous to serve as a governor due to his responsibility to the membership. RONALD HORSTMAN is employed by the City of St. Louis, the city of his birth. He collects St. Louis national and obsolete notes, checks and bank advertising items. He has written for PAPER MONEY and is cur- rently working with Eric P. Newman on the Missouri ob- solete currency book, part of the SPMC-Wismer project. Ron serves as New Mem- bership Coordinator and also now processes SPMC-Life Memberships. He is a life member of both the SPMC and the Missouri Numismatic Society. Ron was general chairman of the 1986 PCDA St. Louis show; he will serve again in 1987. He was instrumental in gain- ing SPMC co-sponsorship for the 1987 show; this should add to our funds. Aside from a close working relationship between col- lectors and dealers, Ron urges full accountability to all board members to the entire SPMC. WILLIAM H. HOR- TON, JR. was born in Newark, NJ and is currently Superintendent of the Lake Mohawk-Sparta Water Co. Bill co-founded the Garden State Numismatic Associa- tion and served as its first president. He has held the office of President of the Great Eastern Numismatic Association (GENA) from 1982-1986 and since 1982 has been show chairman. He was responsible for obtaining tax exempt status from the IRS and for reorganizing the GENA Paper Money Whole No. 128 organization. Bill has served as president, vice president, or both, for five major numismatic organizations. Bill has given over 30 educational presentations to coin clubs and has been recognized by the ANA with two Special Educa- tional Awards for giving ten or more presentations to ANA member clubs. In 1983 he received the Numismatic Ambassa- dor Award, the youngest recipient to date. Well known for his exhibits of paper money, which have been exhibited around the U.S. since 1972, Bill has captured 150 awards. FRANK TRASK holds a degree in Mechanical Engi- neering from the U. of Maine (1956). He is a col- lector of Maine fiscal paper and is currently gathering data on all Maine national bank notes. In addition to memberships in the SPMC and ANA he is Vice Presi- dent of the Maine Numisma- tic Association and is the club-state representative. Frank is the Eastern Director of the Canadian Paper Money Society. His pet peeve is doctored paper money and improper grad- ing. Outside our field, Frank lectures for gifted and talented young people of the Wells/Ogunquit School District. New Literature A History of Money and Banking in Connecticut by William F. Hasse; published by the author, 350 Mansfield Grove Rd., East Haven, CT 06512; 1957, hardcover. Available, postpaid from the author for $12. William Hasse has excellent credentials having graduated from Rutgers University School of Banking. He has lectured and instructed on behalf of the American Institute of Banking as well as for Stone and Quinnipic Colleges. Mr. Hasse was also the Comptroller of The First New Haven National Bank. This book starts with the colonial period, illustrating both coin and paper money and takes us through the note issuing period with photographs of currency, checks, promissory notes, stock certificates and banks. This work pre-dates the SPMC Wismer Project books and is pre-dated itself only by the monumental works of David Casper Wismer in the 1920-1930 era in The Nu- mismatist. In the back of the book is a listing of the "Connecticut Banking Organizations and Charts" with the opening, closing, merger and outstanding circulation figures of every bank. While this publication does not number notes, show rarities, give engravers imprints or show every note from every bank, it does offer the collector an insight into this small state's rich financial history. This work stands as one man's tribute to his hobby. Ronald L. Horstman Roger Allister, Banker 1830-1860 by William F. Hasse; pub- lished by the author, 350 Mansfield Grove Rd., East Haven, CT 06512; 1984, 92 pp; hardcover. Available postpaid from the author, for $16. While researching material for A History of Money and Bank- ing in Connecticut, Mr. Hasse found numerous stories about Page 69 banking, counterfeiting and the alteration of notes. These stories are related in this book. "All the principal characters in this book, and the town of Kingsport and its two banks are purely fictional. The tales about some of the lesser characters are recorded in books, pamphlets and writings of that era; perhaps true to some degree and mixed with the gossip of that period." The writing is stylized, but gives considerable insight into how banks were started and the problems they encountered, in- cluding the unscrupulousness of some bank directors. (ed.) Answer to quiz on p. 61 1. Surprisingly, on denominations of: 3 cents, 10 cents (5th issue, fractional currency), $2, $5, $10, $20, $50, $100, $500, $1,000, $5,000 and $10,000. 2. A bar above a Roman numeral multiplies it by 1,000, as is seen on the $5,000 gold certificate of 1882-1888 and the $10,000 legal tender issue of 1878. Therefore V = 5,000 and X = 10,000. Roman numeral structure has not always been the same, and earlier a rather cumbersome notation was used for large amounts. 3. On all $1 notes subsequent to the series of 1934, the date MDCCLXXVI (1776) appears on the base of the pyramid within the great seal. 4. On the back of the $5,000 denomination. 5. The four vehicles are clearly seen on the backs of all small- size $50 notes, (Prior to the addition of the motto "In God We Trust", more cars could be seen parked in the foreground.) 6. On the backs of all $10 small-size notes. 7. The $10 silver certificate, in various series of 1934 and 1953, displays Hamilton's name on a curved ribbon. All other small-size $10 notes use a horizontal treatment. 8. That of Madison, on the $5,000 small-size notes. 9. On all $1 silver certificates, series of 1899. 10. The flag is not in the distress position on any American bill. There are those who profess to see the flag at the front of the U.S. Treasury building as upside down on current $10 notes. This matter has been so often revived that The Numis- matist eventually published a clarifying enlargement of the flag. The engraved lines in simulation of rippling, apparently create an optical illusion for some. Geographic Letters (Continued from page 54) early February, 1924 vintage. All the other HH 5-5-5-5 Series of 1902 notes have geographic letters. Similar lag orders were not occurring in 1902 when the geo- graphic letters were first introduced. Thus it is not possible to find Series of 1882 brown backs with geographic letters and treasury serial numbers lower than those shown with the March 18, 1902 deliveries in Table 1. SOURCES Comptroller of the Currency, undated, Ledgers showing receipts from the Engravers: U.S. National Archives, Washington, DC. Comptroller of the Currency, 1902, Annual Report of the Comptroller of the Currency: Government Printing Office, Washington, DC. Hickman, J., and D. Oakes, Nov. 24, 1979, Hickman-Oakes 9th mail bid and floor auction, Sheraton Royal, Truman Sports Complex, Kan- sas City, MO: Hickman-Oakes Auctions, Iowa City, IA, 76 p. Page 70 Paper Money Whole No. 128 mongy mart Paper Money will accept classified advertising from members only on a basis of 10K 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, 7th & Washington, St. Louis, MO 63101 by the tenth of the month preceding the month of issue (i.e. Dec. 10, 1987 for Jan. 1988 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 in- sertions 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: 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) NEW EGYPT, NEW JERSEY (#13910 & 8254) Nationals wanted. Any condition. Please write first. Dennis Tilghman, P.O. Box 2254, Princeton, NJ 08540 (128) 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) 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) 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) PALESTINE CURRENCY BOARD SPECIMEN NOTES WANTED in all denominations and dates in uncirculated con- dition. Prefer notes not mounted and/or previously mounted. Jack H. Fisher, Howard Professional Building — Suite AA, 750 Howard St., Kalamazoo, MI 49008. (131) HUNTSVILLE and WALKER CO. TEXAS WANTED. George H. Russell, 1401 19th St., Huntsville, TX 77340. (135) MISSISSIPPI OBSOLETE NOTES WANTED for my collec- tion. Liberal prices paid for notes needed. Byron W. Cook, Box 181, Jackson, MS 39205. (133) 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) 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) Page 71 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 531M, Burlingame, CA 94011, phone (415) 566-6400. (149) 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) 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) PAPER MONEY MAGAZINES: I need the first twelve issues published by SPMC beginning with 1961. Robert Galiette, 10 Wilcox Lane, Avon, CT 06001. (129) CANADA'S NEW BIRD SERIES CU CURRENCY: King- fisher $5 bank note $6, 2 for $11; Robin $2 bank note $3.95, 2 for $5.95 U.S. funds. Free price list. Robert St. Cyr, P.O. Box 3645, Thunder Bay, Ontario, Canada P7B 6E2. (129) WANTED TO BUY, CURRENCY OF CANADA: Also Ca- nadian Chartered Banks, Newfoundland. Buying bank notes of Italy, France, Sweden, Finland from 1920 to 1965. Robert St. Cyr, P.O. Box 3645, Thunder Bay, Ontario, Canada P7B 6E2. (128) WANTED: RHODE ISLAND NATIONALS from Cumber- land, Woonsocket and all 1929 series. Send for offer or write giving description and price desired. Also have RI notes to sell or trade. Rlnats, P.O. Box 7033, Cumberland, RI 02864. (132) ILLINOIS NATIONALS WANTED. Pay $300 or more for Middletown #7791, Chester #4187. Buy-sell-trade many others. SASE for list. Chet Taylor, Box 15271, Long Beach, CA 90815. (132) WANTED, ALL OBSOLETE CURRENCY, ESPECIALLY GEORGIA, which I collect. Particularly want any city-county issues, Atlanta Bank, Georgia RR Banking, Bank of Darien, Pigeon Roost Mining, Monroe RR Banking, Bank of Hawkins- vine, La Grange Bank, Central Bank Milledgeville, Ruckersville Banking Co., Bank of St. Marys, Cotton Planters Bank, any pri- vate scrip. I will sell duplicates. Claud Murphy, Jr., Box 15091, Atlanta, GA 30333. (138)) ILLINOIS NATIONALS WANTED: Albany, Bement, Beecher, Chester, Coulterville, Crescent City, Forrest, Gran- ville, Greenfield, Mount City, Palatine, Ranson, Sudell, Saint Anne, Sparta, Ullin and others. Lynn Shaw, Rt. 2, Box 315, Coulterville, IL 62237. (129) WAKEFIELD, RHODE ISLAND NATIONAL BANK NOTES WANTED. Also interested in nationals from other Rhode Island cities and towns except Providence. Frank Ben- nett, Box 8153, Coral Springs, FL 33075. (132) ROSECRANS-HUSTON BROWN SPIKES SEAL. Can you confirm a Fr. 138 $20 1880 USN with face plate 3207, or a Fr. 244 $2 1886 SC with face plate 3378? Doug Murray, P.O. Box 2, Portage, MI 49081. (130) Paper Money Whole No. 128 WANTED! ST. LOUIS FRBNs 1914, 1918: FR-815, 825, 831, 899, 992-995, 1019, 1079, 1112-1115. Also, 1928 FRN Green Seals (XF or better): FR-1950H, 1952H, 2000H, 2051H, 2052H, 2100H, 2150H, 2151H. And, 1929 FRN Brown Seals: FR-1850H, 1870. Robert L. Ballard, 516 East Elm St., Cabot, AR 72023. (128) NEED A SOLID $1, 99999999 FRN. Also radars: 00011000: 11155111; 00099000; 90000009. Also: $10, 1934A, North Africa star, F.C. 86; $10, 1934A, mule, F.C. 87; $10, 1934A, star, F.C. 86. Will buy or trade from an excep- tional selection. M. Kane, Box 745, Pacific Grove, CA 93950 (131) WANTED: CU $1 FRNs with serial nos. 00066666, 00088888 or 00099999. Any series. Any block. Will buy. Jim Lund, 2805 County Rd. 82, Alexandria, MN 56308. (131) WANTED: MN AND WI CRISP UNCIRCULATED NA- TIONALS, large or small. Also certain large-size, gem, CU notes. Mike Abramson, 2026 E. 9th St., Duluth, MN 55812. (131) WANTED: BEP SOUVENIR CARD PROOFS! Liberty Bell: Blue $35! Statue of Liberty: maroon, gray $55! green, blue $45! Eagle: brown, blue, green $95 each! Russell Bell, Box 859, Ti- buron, CA 94920. (131) WANTED: 1907 CLEARING HOUSE SCRIP AND CHECKS. Need items from most states; please send full de- scription or photocopy with price. I am particularly interested in Washington, Oregon, North Dakota, New York and Georgia. T. Sheehan, P.O. Box 14, Seattle, WA 98111. (133) WILL TRADE SPECIMEN TRAVELERS CHECKS and specimen Depression Scrip. Also Charleston, SC scrip. Frank Sprinkle, 304 Barbee Blvd., Yaupon Beach, NC 28461. SPRINKLE WANTS COAL COMPANY STOCK certificates and bonds. Also Jenny Lind tokens. Frank Sprinkle, 304 Barbee Blvd., Yaupon Beach, NC 28461. WANTED: OBSOLETE CURRENCY, SCRIP, BANK ITEMS AND CONFEDERATE ITEMS OF NORTH CARO- LINA. Single items or collections. Send description and price. Jim Sazama, P.O. Box 1235, Southern Pines, NC 28387. (139) WANTED: TEMPLE, TEXAS NATIONALS. Send descrip- tion and price. Letters answered. David Paskausky, 9 Laurel Dr., Groton, CT 06340. WANTED: PRE-1900 CALIFORNIA AND WESTERN SCRIP from collectors and dealers, by collector. Ship for premium offer. Don Embury, 1232 1/2 N. Gordon, Los Angeles, CA 90038 (SPMC 3791). (131) WANTED: 1935B $10 SC. If you won't sell, please send me serial number and face and back plate numbers. Article on this note in progress. Mike Stratton, NATO AGARD, APO NY 09777. (131) WANTED: PAYING PREMIUM PRICES FOR (1) EXTEN- SIVE COLLECTION, large variety, all states, specialized col- lection by individual state (s) , Good—UNC. Ship for high offer. Hoards, pre-1910: describe and price before shipping. Last month I spent $9,000 and wish to top it. Don Embury, 1232 1/2 N. Gordon, Los Angeles, CA 90038. (131) 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. G.P.O. BOX 3609, KATHMANDU 7101, NEPAL PHONE: (977) 522508 TELEX: 2270 NATRAJ NP ANA SPMC WPCC IBNS APS FOR SALE CRISP UNC. $20 DALLAS STAR NOTES Series 1963 Federal Reserve Note. Granahan/Dillon $38.50 EACH Please add $1.50 Postage & Ins. 14 day return privilge PHONE: (402) 556.9332 C. E. CONNER P.O. Box 4222 Omaha, NE 68104 Page 72 Paper Money Whole No. 128 SPMC Annual Awards 1987 SPMC Awards will be presented at the Inter- national Paper Money Show in Memphis, Tennessee, in June 1987, as follows: 1. Nathan Gold Memorial Award. Established and formerly (1961-1970) presented by Numismatic News, now by the Bank Note Reporter. Presented to a person who has made a concrete contribution toward the advancement of paper money collec- ting. Recipients, who need not be members of the SPMC, are chosen by the Awards Committee. 2. Award of Merit. For SPMC member (or members) who, during the previous year, rendered significant contributions to the Society which bring credit to the Society. May be awarded to the same person in different years for different contributions. Recip- ients to be chosen by the Awards Committee. 3. Literary Awards. First, second and third places. Awarded to SPMC members for articles published originally in Paper Money during the calendar year preceding the annual meeting of the Society. A. An Awards Committee member is not eligible for these awards if voted on while he is on the committee. B. Serial articles are to be considered in the year of conclusion, except in case the article is a continuation of a related series on different subjects; these to be considered as separate ar- ticles. C. Suggested operating procedures: The Awards Committee chairman will supply each commit- tee member with a copy of the guidelines for making awards. Using the grading factors and scoring points which follow, each member will make his selection of the five best articles pub- lished in the preceding year, listing them in or- der of preference. The lists will be tabulated by the chairman and the winners chosen. A sec- ond ballot will be used to break any ties. D. Grading factors and scoring points: a. Readability and interest—Is the article inter- estingly written? (20 points) Is it under- standable to someone who is not a specialist in the field? (10 points) Would you study the article rather than just scan through it? (10 points) b. Numismatic information conveyed—In your opinion, will the article be used by future students as a reference source? (20 points) Has the author documented and cross referenced his source material? Give credit for original research and depth of study. (20 points) Is the subject a new one, not previously researched, or a rehash? If it presents a new slant on an old subject, give proper credit. (20 points) The Julian Blanchard Memorial Exhibit Award will be awarded at the ANA Convention. 1987 Awards Committee Steven Whitfield, Chairman Peter Huntoon Thomas Denly Charles V. Kemp, Jr. Handsome Catalogues—Advertised Sales q Annual Subscription USA & CANADA OTHER With Prices Realized $45.00 $55.00 Paper Money Whole No. 128 PUBLIC AND MAIL BID AUCTIONS • U.S .81 FOREIGN• Antique Stocks & Bonds, Fiscal Paper, Currency, Coins, Obsolete Paper Money, Autographs, Confederate Currency & Bonds, Fractional Currency, Numismatic Literature NASCA Division of R.M. Smythe & Co., Inc., 24 Broadway, N.Y., N.Y. 10004 We welcome your consignment (212) 908-4006, Ask for Diana Herzog or Steve Goldsmith ,,,, COLONIAL & CONTINENTAL CURRENCY We maintain the LARGEST ACTIVE INVENTORY IN THE WORLD! SEND US YOUR WANT LISTS. FREE PRICE LISTS AVAILABLE. SPECIALIZING IN: q Colonial Coins q Colonial Currency q Rare & Choice Type Coins q Pre-1800 Fiscal Paper q Encased Postage Stamps q EARLY AMERICAN NUMISMATICS q c/o Dana Linett 111 P.O. Box 2442 q LaJolla, CA 92038 q 619-273-3566 SERVICES: q Portfolio Development q Major Show Coverage q Auction Attendance Members: Life ANA, CSNA-EAC, SPMC, FUN, ANACS EARLYof. ,„Cc c.,,.,..' .$',,, .. .5.-0. 1 AMERICAN NUMISMATICS *619-273-3566 CURRENCYFOR SALE FOR SALE Including: Nationals, Obsolete, Fractionals, "Radars" & "Fancy" Serial Number Notes, Colonials, & Others. Catalog available for $1CSA and Obsolete Notes P.O. Box 712 / Leesville, SC 29070 / (803) 532-6747 ANA-LM SCNA PCDA SPMC-LM BRNA FUN HUGH SHULL 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. krause publications 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 STANDARD CATALOG OF Upited States Paper Mopey fifth editiop Chester L. Krause and Robert F. Lemke Complete coverage for 175 years of official paper money PLUS in-text cross-referencing of the Krause/Lemke numeric system with the Friedberg designations. BUYING AND SELLING U.S.A. LARGE & SMALL-SIZE CURRENCY S.P.M.C.-2153 P.M.C.M.-342 A.N.A.-LM-813 M.S.N.S.-LM-61 ROBERT A. CONDO P.O. Box 985 Venice, FL 34284.0985 (813) 484.4468 Large Mail List available for a large-size self-addressed, stamped, envelope. 30-Day Return Privilege — Your Satisfaction Guaranteed Page 74 Paper Money Whole No. 128 DO YOU KNOW WHAT THIS IS? (HINT: It is printed on only one side!) This vignette, printed from a plate prepared from the original die, appears on the BureauANSWER: of Engraving and Printing's Souvenir Card honoring the ANA Convention in 1975! SPECIAL INTRODUCTORY OFFER! We will send you the ANA 1971-1973, 1975-1976, 1896 $1, $2 and $5 Silver Certificate vignettes. Faces and backs (one of which is illustrated above). Regular price for the 6 Cards—$44. JUST $33! (postpaid in U.S.) Our comprehensive Souvenir Card price lists are just $1, refundable. VISA° 10.■ RUSS BELL (415-435-9494) P.O. Box 859P Tiburon, CA 94920 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. 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 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 Paper Money Whole No. 128 Page 75 0-4191MSJI4OK1WCANM).* , ttta at ♦ LL,11‘. 67431 t :024.1E±:421 1.'11107 ,;41.14 rIMMORTSMITCTAMI 117.11.13,1Sh. 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 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 HARRY IS BUYING NATIONALS - LARGE AND SMALL UNCUT SHEETS TYPE NOTES UNUSUAL SERIAL NUMBERS OBSOLETES ERRORS HARRY E. JONES PO Box 30369 Cleveland, Ohio 44130 216.884-0701 IAN A. MARSHALL P.O. Box 1075 Adelaide St. P.O. Toronto, Ontario Canada, M5C 2K5 WORLD PAPER MONEY Also World Stocks, Bonds and Cheques 416-365-1619 Page 76 Paper Money Whole No. 128 THE BANKOF &LOUIS ti ST. LOUIS, MISSOURI OBSOLETES AND NATIONALS WANTED RONALD HORSTMAN P.O. BOX 6011 ST. LOUIS, MISSOURI 63139 Frvirmatirimrxrit4"44. SI. Louis NaHonal Bank "Arrocv"smatev4o'41,14 ON. 'TB CURRENCY ASSQ.CIA. ION I //i