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Table of Contents
JULY/AUGUST
1988
VOL. XXVII No. 4
WHOLE NO. 136
JAMES SMILLIE
The name in rare coin auctions
for U.S. paper currency
Every Kagin auction features a large and varied selection of U.S.
paper money to please both the generalist and the specialist.
Whether you wish to buy or sell, take advantage of the Kagin
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Proofs from
The American Bank Note Company Archives
September 28, 1988
The framed composition illustrated above contains
a "fan" of rare Demand Note and Interest-bearing
Treasury Note proofs.
Christie's is pleased to announce an unprecedented offering of material from
The American Bank Note Company archives. Included in this sale are ten framed
compositions containing proof and specimen notes from the United States,
Latin America and China, which originally hung on the walls of the A.B.N. Co.
offices. Full-color catalogs are available for $12 each from:
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SOCIETY
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Official Bimonthly Publication of
The Society of Paper Money Collectors, Inc.
Vol. XXVII No. 4 Whole No. 136 JULY/AUG. 1988
ISSN 0031-1162
GENE HESSLER, Editor
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St. Louis, MO 63156
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IN THIS ISSUE
CASHIER COOPER LET HIS BULLDOG BARK
Bob Cochran 101
THE PAPER COLUMN
THE UNITED STATES $500 & $1,000 NATIONAL BANK
NOTES
Peter Huntoon 103
MAJOR JOHN S. FILLMORE, U.S.A. PAYMASTER
Rodney Battles 122
THE GREEN GOODS GAME
Forrest Daniels 123
RAILROAD NOTES & SCRIP OF THE UNITED STATES,
THE CONFEDERATE STATES AND CANADA
Richard T. Hoober 124
SOCIETY FEATURES
INTEREST BEARING NOTES 127
NEW LITERATURE 127
SPMC AWARDS BANQUET IN MEMPHIS 127
EXHIBIT AWARDS AT MEMPHIS 127
NEW MEMBERS 128
MONEY MART 129
ON THE COVER: James Smillie (1807-1885) is the engraver of
the Capitol Building and with Alfred Jones coengraved General
Scott's Entrance Into Mexico on the $1,000 national bank note.
Inquiries concerning non-delivery of PAPER MONEY
should be sent to the secretary; for back issues contact book
coordinator. Addresses are on the next page.
Paper Money Whole No. 135
Page 97
Society of Paper Money Collectors
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The Society of Paper Money Collectors was organ-
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profit organization under the laws of the District of
Columbia. It is affiliated with the American Numis-
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PUBLICATIONS FOR SALE TO MEMBERS
BOOKS FOR SALE: All cloth bound books are 8 1/2 x 11"
ALABAMA OBSOLETE NOTES & SCRIP,
1984 Rosene $12.00
Non-member price $15.00
ARKANSAS OBSOLETE NOTES & SCRIP,
1985 Rothert $17.00
Non-member price $22.00
FLORIDA PAPER MONEY, ILLUSTRATED HISTORY
OF, (softcover) 1980 Cassidy $16.00
Non-member price $19.50
INDIANA OBSOLETE NOTES & SCRIP,
1978 Wolka $12.00
Non-member price $15.00
INDIAN TERRITORY/OKLAHOMA/KANSAS
OBSOLETE NOTES & SCRIP,
1980 Burgett and Whitfield $12.00
Non-member price $15.00
IOWA OBSOLETE NOTES & SCRIP,
1982 Oakes $12.00
Non-member price $15.00
MAINE OBSOLETE PAPER MONEY & SCRIP,
1977 Wait $12.00
Non-member price $15.00
MINNESOTA OBSOLETE NOTES & SCRIP,
1973 Rockholt $12.00
Non-member price $15.00
NEW JERSEY'S MONEY, 1976 Wait $15.00
Non-member price $20.00
PENNSYLVANIA OBSOLETE NOTES AND SCRIP
(396 pages), Hoober $28.00
Non-member price $29.50
RHODE ISLAND AND THE PROVIDENCE PLANTA-
TIONS, OBSOLETE NOTES & SCRIP OF,
1981 Durand $20.00
Non-member price $25.00
TENNESSEE-THE HISTORY OF EARLY TENNESSEE
BANKS AND THEIR ISSUES,
1983 Garland $20.00
Non-member price $29.50
TERRITORIALS-A GUIDE TO U.S. TERRITORIAL
NATIONAL BANK NOTES,
(softcover) 1980 Huntoon $12.00
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VERMONT OBSOLETE NOTES & SCRIP,
1972 Coulter $12.00
Non-member price $15.00
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Library Services: The Society maintains a lending library for the use of the members only. For further information,
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Page 98
Paper Money Whole No. 136
Paper Money Whole No. 136 Page 99
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Paper Money Whole No. 136 Page 101
Cashier
ooper
let his
Bulldog
ark
An incident from the history of
the Farmers Bank
Submitted by BOB COCHRAN
In the nineteenth century it was not uncommon for
the cashier or other bank officers to live in the build-
ing of their bank, typically upstairs over the bank.
This was the case of Richard G. Cooper, cashier of
the New Castle branch of the Farmers Bank of the
State of Delaware, who lived over the bank with his
family.
ILLIAM J. BLACK, who was the United States Consul at
Nuremberg, was the brother-in-law of Richard Coop-
er On the 30th of September, 1877, he was visiting
Cooper and his family and was sleeping in the parlor in the liv-
ing quarters. In the very early morning, four men were engaged
in the process of breaking into the bank. They placed a ladder
against the sill of the window of his room and one man climbed
up. carrying the side of a wheelbarrow. He placed the piece of
wood on the tin covering of the window cornice, and two of the
other men joined him outside the room.
Black recounted that he had been awakened by the sound of
whispering voices at 1:45 a.m. He looked toward the window,
and saw a man climbing through it. He jumped up from the bed,
cried out an alarm, and started for the door leading to the hall.
At that moment he was grabbed by the three men; one of the
men drew a pistol and told him not to make another sound.
Black was thrown on the bed, and his legs tied below the knees.
He was asked how many people were in the house, and he told
the men that every room was occupied. With that he was
covered up with the pillow and bedclothes.
There were two rooms on either side of the hall that ran
through the upper floor of the bank building. The noise across
the hall had aroused Richard Cooper; he got out of bed, picked
up his revolver from the top of the bureau, and walked out into
the hall. (The next day, a reporter from the Morning News
would describe this revolver as "a Bulldog self-cocking pistol
similar to the one Guiteau used on President Garfield.")
Cooper went to the door of his daughter's room to see if she
had been disturbed. Deciding that she had not, he listened at the
door of Black's room; he heard muffled voices, but thought for a
moment that his brother-in-law had brought some friends home
without his knowledge. As he entered his wife's room to check
on her, he heard a scream from his daughter's room; he went
back into the hall, holding his pistol at his right side, hidden by
his night clothes. He saw the outline of a short, stocky man at
the door of his daughter's room, trying to force his way into the
room. The man turned toward Cooper, shining a lantern on
him; he raised a revolver and told Cooper, "Don't speak."
Cooper later recounted what happened next:
"I replied, 'I won't.'
"And at the same time raised my pistol from my side and fired
in his face. He staggered and reeled and dropped the lantern
on the floor. He fired at me but missed. By this time the hall
was filled with a dense volume of smoke."
Cooper fired again into the smoke, but missed the man.
There were two more shots fired in quick succession.
Inside Black's room, one of the two men guarding Black told
his companion, "Jim, the jig's all up. Come on." The two men
climbed out the window. The third man staggered through the
door from the hall and fell against the wall near the window. He
turned and fired at Black, the bullet lodging in the mattress; then
he too climbed through the open window.
One final shot was fired—by Cooper—at a man fleeing
across the street below. Cashier Cooper thought he had hit the
man, who "fled limpingly towards the Battery and dis-
appeared." Cooper's son, John, who was eight years old when
this took place, would remember the events of this night some
sixty-nine years later: "I thought," said he, "that the Civil War
had broken out again."
By this time the neighbors, hearing the gunshots, were arriv-
ing on the run. One who lived across the street from the bank
claimed to have seen several men run into the fog and dart
across the Battery. Another, Jefferson Downham, climbed up
the ladder and into Black's room. Cooper's daughter, seeing
him, cried out; only her father's recognition of Downham's
voice when he yelled "Don't shoot!" saved him from being shot.
Alexander Cooper, Richard's brother, was a lawyer and a di-
rector of the bank. A methodical person, he took statements
from his brother and Mr. Black. These statements were the basis
of the report in the next day's edition of the Morning News,
under the following headline:
New Castle branch of the Farmers Bank of the State of Delaware. The
upstairs window the would-be robbers entered is behind the tree
Paper Money Whole No. 136
Richard G. Cooper, Cashier of the Farmers Bank.
Page 102
SAT r t
c
spnow morn
SEPT cyst- 4
thifi
**4*-*/.01F 1. 407E $`Ert ,Critit
fr4tu 4, ifro,:confe4,
(A1 :.
of the
The certificate issued to Cooper by the bank It reads:
"Dover, Del. January 5, 1888.
At a meeting of the Stockholders of the Farmers Bank held at the bank-
ing house in Dover this day the following resolution was adopted: RE-
SOLVED, that the thanks of this bank be and they are hereby tendered
to RICHARD G. COOPER, the cashier of the branch bank at New Cas-
tle, for his courage and purpose of mind exhibited in defending the bank
when it was entered by burglars on the morning of September 30,
1887, and that a copy of the above resolution signed by the chairman of
this meeting and attested by the Secretary and framed, be presented to
Mr. Cooper. -
BURGLARS FOILED
Masked Men Fail to Rob New Castle's Bank
Cashier Cooper Shoots a Villain in the Face
The reporter related in the story that a hat, "a neat black derby",
was found in the hall near the lantern dropped by the wounded
man; the hat was smeared with blood. Describing Black's room,
the reporter stated:
There the bloody trail continued. Against the wall where the
man fell were large smears of blood on the paper as if from his
hand. A white cover on a little table nearby was dotted with
crimson. Several of Mr. Black's newly laundered shirts lying
on a chair looked as though they had been sprinkled with
blood, the blots being half an inch in diameter.
. The window sill was bloody and the wooden side of
a wheelbarrow, which the burglars had placed on the
tine of the parlor window to deaden the sound, was li-
terally covered with blood. On it was also found a piece
of flesh half an inch long. It looked like a piece of a
man's tongue very much resembling gristle. On every
one of the flat rungs of the ladder, with the exception of
two, were smears of blood.
The trail of blood led across the battery and onto a
wharf, indicating the men had escaped in a boat. A re-
ward of $1500 was offered by the bank, and Pinkerton
Detectives were called in to investigate. The only evi-
dence discovered was a canvas satchel found under a
freight car, which contained files, powder, dynamite and
fuses. Alexander Cooper added a footnote to the story at
a later date:
About six months afterwards the dead body of a man,
well dressed and with a handsome ring upon one of his
fingers was found in the marsh near the mouth of
Christiana River. His face was disfigured beyond recog-
nition but from his general figure and clothing and up-
on investigation by the detectives, it was concluded that
he was the burglar whom Mr. Cooper shot in the hall.
Richard Cooper was later called to New York by the police.
They were holding a man who was charged with murder. The
man's alibi was that, at the time of the murder, he was rowing
across the Delaware River on his way to rob the Farmers Bank.
All of the men who had entered the bank building had worn
masks, so Cooper could not identify the man. However, the
man called Cooper by name when he entered the cell. The man
confirmed that he and his companions had indeed escaped by
boat; he also stated that the man Cooper had shot had died in
the boat, and that his body had been thrown overboard into the
Delaware River.
At the annual meeting of the Farmers Bank's stockholders the
following January, Cooper was presented with an award of
$500, and a framed certificate of appreciation for his actions.
REFERENCE
THE FARMERS BANK. An Historical Account of the President, Direc-
tors and Company of the Farmers State Bank of the State of Delaware.
1807-1957. Dudley C. Lunt. Copyright 1957, The Farmers Bank of
the State of Delaware. Dover, Delaware.
ABSTRACT
A
TOTAL of 24,579 $500 and 7,454 $1000 national bank notes were delivered to 100 issuing banks in
nine states between October 15, 1864 and June 10, 1885. These totals include 685 $500 and 75
$1000 national gold bank notes delivered to four banks, one in Massachusetts and three in Cali-
fornia. Both Original Series and Series of 1875 $500 and $1000 were issued.
The $500 and $1000 notes were authorized by the Acts of February 25, 1863 and June 3, 1864. High
denomination national bank notes ceased to be issued after 1885 for three reasons: (1) several issuing banks
went out of business before the end of 1885; (2) the National Gold Bank users closed or converted to non-
gold status before the end of 1885 and elected not to order high denominations thereafter; and (3) the
charters of the remaining issuing banks were extended before the end of 1885.
Of the ten treasury signature combinations used on national bank notes through April 30, 1885, only the
Jeffries-Spinner combination did not appear at least once on a $500 or $1000 national bank note.
A total of 173 $500 and 21 $1000 national bank notes were outstanding in 1938. Three of the $500 s are
known to have survived, but none of the $1000s have been seen. All the $1000 national gold bank notes
were redeemed. Of the four $500 national gold bank notes shown to have been outstanding in 1915, none
have been found.
PURPOSE
The objective of this article is to provide a comprehensive overview of issuances of United States $500 and
$1000 national bank notes.
Paper Money Whole No. 136
The
Page 103
United States
$500 & $1,000
National Bank NoteS
DREAMS
w HEN a national bank note collector dreams of finding
that special hoard, sooner or later his fantasy grows to
include a $500 or $1000 national bank note. A speci-
men of a $1000 national bank note is the most eagerly antici-
pated of all the undiscovered United States type notes. Such a
dream is possible. In 1938, 173 $500s and 21 $1000s were still
outstanding (Comptroller of the Currency, issued annually).
A $1000 note had enormous purchasing power in the
1865-1885 period. It would be equivalent to having $100,000
today. The value of the only privately held $500 national bank
notes has paced inflation. The Carter $500 Series of 1875
specimen reportedly sold for between $100,000 and $110,000
recently, just about right I would say.
We know what the $1000 s looked like because certified
proofs from Bureau of Engraving and Printing Series of 1875
THE PAPER COLUMN
by Peter Huntoon
plates are preserved in the Smithsonian collections. Original
Series specimens produced by the National Bank Note Com-
pany are also extant.
The Bureau of Engraving and Printing certified proofs hold-
ings were periodically raided for the $1000 specimens by
Bureau employees as such notes were needed for displays or
presentation pieces. We find that the Bureau proof $1000s are
commonly cut off from what was once a 500-1000 plate proof.
Consequently, these denominations are rarities even in proof!
SUMMARY STATISTICS
Tables 1 and 2 show that 32,033 high denomination notes
reached 100 banks in nine states. A total of 37,063 high de-
nomination notes were printed, the difference of 5,030 notes
being unissued and cancelled. Massachusetts holds the record
for number of user banks with 47, of which 34 were in Boston
(see Table 3). Massachuetts also led the other states for total
number of $500s issued with 10,948 notes having a face value
of $5,474,000, and representing 44.6 percent of the nation-
wide total (see Table 4). New York with a total of 5,367 $1000
notes, $5,367,000 face value, issued 72 percent of the $1000
notes. New York's $9,672,000 high denomination issue repre-
sents 49 percent of the nationwide $19,743,500 grand total.
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Page 104
A complete list of all the $500 and $1000 national bank notes
printed and issued appears in Table 5. Table 6 shows the
periods during which they were issued. The popularity of the
various sheet combinations is revealed in Table 7.
Table 1. Summary statistics for the $500 and $1000
National Bank note issues.
$500 $1000
ORIG printed 22330 5963
1875 printed 6368 2402
Total printed 28698 8365
ORIG issued 20208 5818
1875 issued 4371 1636
Total issued 24579 7454
ORIG banks 97 36
1875 banks 26* 8
Total banks 100 37
* $500 notes printed for five other banks but not issued.
Paper Money Whole No. 136
Table 2. Number of banks in each state that issued $500 and $1000
National Bank notes.
$500 Notes $1000 Notes
ORIG 1875 Total % of Total ORIG 1875 Total % of Total
AL 1 1 1.0
CA 3 3 3.0
LA 1 1 1.0
ME 3 1 3 3.0
MD 7 1 7 7.0 3 3 8.1
MA 46 12 47 47.0 9 2 10 27.0
NY 19 6 20 20.0 17 5 17 46.0
PA 11 3 11 11.0 5 1 5 13.5
RI 7 2 7 7.0 2 2 5.4
Totals 97 26 100 36 8 37
Table 3. Cities containing five or more banks that
issued $500 or $1000 National Bank notes.
City Number of Banks
Boston 34
New York 20
Baltimore 7
Providence 6
Philadelphia 5
Pittsburgh 5
/ //W./ // ,
- RS _ -
NATIONAL BANK 01\
74i IN
(,:r4rjr4q1), " '•; t4J
1„ ti_.^5..^t[tatial§firiA
wwriza-VraL4,
Paper Money Whole No. 136
Table 4. Numbers of $500 and $1000 National Bank notes issued in each state.
Page 105
$500 and $1000
$500 Notes $1000 Notes Combined
OR1G 1875 Total % of Total ORIG 1875 Total % of Total Total % of Total
Alabama 292 292 1.2 292 1.0
California 610 610 2.5 610 1.9
Louisiana 720 720 2.9 720 2.2
Maine 560 9 569 2.3 569 1.7
Maryland 860 50 910 3.7 142 142 1.9 1052 3.3
Massachusetts 10106 842 10948 44.6 1407 160 1567 21.0 12515 39.1
New York 5767 2843 8610 35.0 3902 1465 5367 72.0 13977 43.6
Pennsylvania 1175 230 1405 5.7 237 11 248 3.3 1653 5.2
Rhode Island 410 105 515 2.1 130 130 1.8 645 2.0
Total 20208 4371 24579 5818 1636 7454 32033
Original Series and Series of 1875 impressions for the First Na-
tional Bank of Lynn, MA (638). The 1875 plate was prepared by
altering the Original Series plate through the addition of the
"printed at the Bureau of Engraving and Printing, Treasury
Dept" logo, and changing the treasury signatures to those then
currently in office. Notice that the bureau logo was omitted from
the 1875 plate in error.
Page 106 Paper Money Whole No. 136
Table 5. $500 and $1000 National Bank notes printed and issued.
Serials
Sent to
State City Title
Charter Series tank Serials Treasury Serials Bank
500 single note sheets
Alabama
California
Louisiana
Maine
Maryland
Massachusetts
Mobile
San Francisco
New Orleans
Portland
laltleore
Boston
First NB
First N Gold B
N Gold B and T Co
N Gold 13 of D 0 Hills
New Orleans NB Asso
Canal NB
Merchants NB
Casco NB
N P nd Planters
Western NB
Citizens NB
N Mechanics B
First NB
NB of the Republic
N Hide and Leather B
Merchant. NB
Blackstone NB
Continental NB
N Exchange II
Eliot NB
13
1595
1741
1994
2014
1825
941
1023
1060
1252
1325
1384
1413
200
379
460
475
514
524
529
536
1875
ORIG
ORIG
ORIG
ORIC
ORIC
ORIG
1875
ORIG
ORIG
ORIG
ORIC
1875
ORIC
ORIG
ORIC
ORIC
1875
ORIG
1875
01110
ORIG
ORIG
ORIG
1 - 400
401 - 550
551 - 700
1 - 60
61 - 110
111 - 200
201 - 300
1 - 50
51 - 100
101 - 150
151 - 250
1 - 60
I - 320
321 - 500
501 - 720
1 - 100
1 - 60
61 - 80
81 - 120
121 - 140
141 - 170
1 - 20
1 - 100
101 - 150
151 - 250
251 - 350
1 - 62
1 - 100
101 - 140
141 - 240
241 - 340
341 - 540
1 - 40
41 - 70
1 - SO
1 - 40
41 - 60
1 - 100
101 - 200
201 - 250
251 - 350
351 - 450
451 - 550
551 - 1550
1 - 100
101 - 140
141 - 190
1 - ISO
151 - 250
251 - 278
I - 20
1 - 500
501 - 540
541 - 640
641 - 740
1 - 30
31 - 6C
61 - 80
1 - 100
101 - 200
201 - 250
251 - 280
281 - 310
311 - 140
341 - 370
1 - ISO
151 - 190
191 - 290
291 490
1 - 500
1 - 100
101 - 200
201 - 230
231 - 249
A1051 - 41450
A2521 - A2670
A3441 - A3590
M11431 - 1411490
813112 - M13161
1113262 - M13351
M13429 - M13528
M13359 - M13408
M13529 - M13578
M13629 - M13678
1113946 - M14045
M13686 - M13745
M11611 - M11930
M12654 - M12833
1112892 - M13111
7397 - 7496
10332 - 10391
M11354 - 1411173
M15242 - M15281
M16642 - 1116661
1117508 - M17537
A4001 - A4020
6669 - 6768
M14046 - M14095
M14662 - 1114761
1117578 - 1117677
10502 - 10563
8145 - 8244
9795 - 9834
1113162 - 1113261
MI4332 - M14431
M17308 - M17507
8317 - 8350
10631 - 10660
Al - A50
10455 - 10494
10611 - 10630
599 - 698
5183 - 5282
8858 - 8907
10804 - 10903
811224 - 1111323
M12311 - M12410
1115362 - M16361
813 - 912
4656 - 4695
6348 - 6397
4031 - 4180
7290 - 7389
M12864 - M12891
A3891 - A3910
92 - 591
10725 - 10764
10904 - 11003
M12161 - 1112260
A3041 - 43070
A3591 - A3620
A3871 - A3890
920 - 1019
2183 - 2282
5283 - 5332
10691 - 10720
M11004 - 411033
M11324 - M11353
1112261 - M12290
1027 - 1176
M11034 - M11073
M11124 - MI1223
M12441 - M12640
5641 - 5140
2597 - 2696
5083 - 5182
10774 - 10803
1111082 - MI1100
1
I
1
1
1
1
1
I
1
1
1 -
1 -
1 -
1 -
1 -
1 -
1 -
1 -
1 -
1 -
1 -
1 -
- 292
- 300
- 250
- 60
- 720
- 100
- 170
- 9
- 290
- 62
526
70
50
60
659
190
278
none
740
80
370
490
200
Paper Money Whole No. 136
Page 107
Sr ate Lat Title Charter Series Bank Serials Treasury Serials
Serials
Sent to
Bank
500 single note sheets
250 - 270 MI1571 - M11591
271 - 290 M12291 - MI2310 1 - 290
1875 1 - 100 A951 - 41050 1 - 100
Boylston NB 545 ORIG I - 100 706 - 805
101 - 150 813579 - 813628 1 - 150
Howard NB 578 ORIC 1 - 250 1184 - 1433
251 - 270 M12111 - 812130 1 - 270
Shawmut NB 582 ORIC 1 - 100 1441 - 1540
101 - 250 3810 - 3959
251 - 290 M16562 - M16601 1 - 290
Washington NB 601 01110 l - 100 1869 - 1968
101 - 200 M14432 - M14531 1 - 200
1875 1 - 40 A3621 - 43660 I - 40
New England NB 603 ORIC 1 - 100 1655 - 1754
101 - 120 4181 - 4200
121 - 180 814172 - M14231
181 - 240 814602 - 1114661
241 - 280 M17678 - 817717 1 - 280
1875 1 - 100 4151 - A250 1 - 46
N City B 609 ORIC 1 - 100 1762 - 1861
101 - 200 4201 - 4300 1 - 200
Suffolk NB 629 ORIC 1 - 300 2290 - 2589
301 - 450 7654 - 7803 1 - 450
Atlantic NB 643 ORIG 1 - 100 4338 - 4437 1 - 100
1875 1 - 100 A3141 - A3240 1 - 100
Shoe and Leather NB 646 ORIG 1 - 150 2961 - 3110 1 - 150
Atlas NB 654 ORIC 1 - 250 2704 - 2953
251 - 301 10064 - 10114
302 - 321 10661 - 10680 1 - 321
1875 I - 100 A2671 - A2770 I - 100
Freeman, NB 665 ORIG 1 - 100 3325 - 3424
101 - 120 M11931 - 811950 I - 120
NB of North America 672 ORIG - 200 3118 - 3317
201 - 260 8384 - 8443 I - 260
Maverick NB 677 ORIG 1 - 100 3596 - 3695 1 - 100
Faneull Hall NB 847 ORIG 1 - 380 4703 - 5082 1 - 380
Globe NB 936 ORIG 1 - 150 5377 - 5526 1 - 150
N Union 11 985 ORIG I - 50 6612 - 6661
51 - 130 9710 - 9789
131 - 230 #15042 - 815141 1 - 224
N Eagle B 993 ORIG 1 - 200 6148 - 6347
201 - 300 M12011 - 812110 1 - 200
Old Boston NB 1015 ORIG 1 - 200 6405 - 6604
201 - 266 H14096 - 814161
267 - 366 M15142 - M15241 I - 170
167 - 416 817718 - M17767 201 - 393
1875 1 - 20 43021 - 43090 none
Columbian NB 1029 ORIG 1 - 100 6833 - 6932
101 - 165 8245 - 8309
166 - 205 9215 - 9254 1 - 205
N 1295 ORIG 1 - 150 7504 - 7653
151 - 198 9662 - 9709 1 - 198
N Webster B 1527 ORIG 1 - 200 8915 - 9114
201 - 260 814762 - 814821
261 - 300 M17768 - 817807 1 - 293
1875 1 - 200 4251 - A450
201 - 220 A3021 - A3040 none
Brighton N Market 11 806 ORIC 1 - 50 4606 4656 1 - SO
Lowell Appleton NB 986 ORIG 1 - 20 8364 - 8383
21 - 28 M11074 - M11081
29 - 39 M11101 - 811111
40 - 99 m11951 - M12010
100 - 139 M14562 - 1114601
140 - 339 816362 - 816561
340 - 639 M17808 - M18107 1 - 319
1875 1 - 50 43091 - A3140
51 - 100 A3931 - 43980 none
Lyon First NB 638 ORIG 1 - )0 3760 - 3809
51 - 70 M11404 - M11423
71 - 100 M12131 - M12160 1 - 100
1875 1 - 20 44021 - 44040
21 - 40 A4057 - 44076 1 - 20
Page 108
State Title Charter Series lank Serial.
Paper Money Whole No. 136
Serials
Seat to
Treasury Serials lank
New Bedford Mechanics NB 743 ORIG 1 - 30 3967 - 3996
31 - 60 4301 - 4330
61 - 90 H11374 - M11403
91 - 120 M12411 - 912440
121 - 150 M15282 - M15311 I - 150
1875 1 - 50 62971 - A3020 1 - 50
Merchants NB 799 ORIC 1 - 40 4559 - 4598 1 - 40
Roxbury Peoples NB 595 ORIG I 50 4445 - 4494 1 - 50
N Rockland B 615 ORIC 1 - 50 3703 - 3752 1 - 50
Salem Merchants NB 726 ORIG 1 20 4004 - 4023 I - 20
Taunton Bristol County NB 766 ORIG 1 - 50 4502 - 4551
51 - 62 M11112 - M11123
63 - 74 M11592 - M11603
75 - 94 M13409 - 1113428
95 - 114 M14542 - M14561
115 - 134 1115022 - M15041
135 - 154 M15342 - M15361
155 - 194 M16602 - 916641
195 - 234 M17538 - M17577 I - 234
1875 1 - 20 A3981 - A4000
21 - 36 A4041 - A4056
37 - 46 A4077 - A4086 1 - 46
Machinists NB 947 ORIC 1 - 30 5340 - 5369
31 - 43 M12641 - M12653
44 53 MI4162 - MI4171
54 - 83 M15312 - 815341
84 - 123 817268 - M17307 1 - 123
1875 1 100 651 - A150 I - 100
Worcester Mechanics NB 1135 ORIG 1 - 50 6776 - 6825 1 - 50
New York New York First NB 29 1875 1 - 500 A451 - A950
501 - 1500 A1451 - A2450
1501 - 1600 A3661 - A3760 1 - 1498
Fourth NB 290 ORIG 1 - 400 9262 - 9661
401 - 600 M13746 - M13945
601 - 700 M14232 - 814331
701 - 900 814822 - MI5021
901 - 1500 M16662 - M17261 1 - 1316
N Park B 891 ORIG 1 - 100 5534 - 5633
101 - 400 6990 7289
401 - 500 9115 - 9214
501 - 505 9790 9794 1 - 505
1875 1 - 60 A2451 - A2510 none
B of New York N Banking Ass° 1393 ORIG 1 - 300 7838 - 8137 1 - 300
Aaerlcan Exchange NB 1394 ORIG 1 - 350 8508 - 8857
351 - 354 10721 - 10724 1 - 354
Pennsylvania Lancaster Farmers NB 597 ORIC 1 - 100 1548 - 1647
101 106 M17262 - M17267 I - 64
Philadelphia Philadelphia NB 539 ORIG 1 - 190 9874 - 10063
191 - 400 10115 - 10324 1 - 400
Pittsburgh Merchants and Manufacturers NB 613 ORIG I - 100 2083 - 2182 1 - 100
1875 1 - 200 A2771 - A2970 1 - 169
Citizens NB 619 ORIG 1 100 1976 - 2075 1 - 100
NB of Commerce 668 ORIG 1 - 100 3489 - 3588
101 - 180 M11491 - 911570
181 - 200 1112844 - M12863 1 - 200
1875 1 - 200 A3241 - A3440 1 - 50
Tradesmen. NB 678 ORIC 1 50 3432 - 3481 1 - 50
Rhode Island Pawtucket First NB 843 MG 1 - 25 9842 - 9866
26 - 34 10765 - 10773
35 - 44 M12834 - M12843 1 - 44
1875 1 - 110 A3761 - A3870 1 - 75
Providence Rhode Island NB 983 ORIG 1 - 40 10571 - 10610 1 - 40
NB of North AMeriC8 1036 0820 1 - 50 8451 - 8500
51 - 106 10392 - 10447 1 - 106
Merchants NB 1131 ORIC 1 - 50 6940 - 6989 1 - 50
Blackstone Canal NB 1328 ORIC 1 - 20 7811 - 7830
21 - 30 10681 - 10690
31 - 40 M14532 - M14541 1 - 40
1875 1 - 10 A2511 - 82520
11 - 30 A3911 - 63930 1 - 30
1000 single note sheets
Merchants NB 475 ORIG 1 - 150 213 - 362Massachusetts Boston
151 - 250 697 - 796
Paper Money Whole No. 136 Page 109
Stste ILL Title Charter Series Bank Serials Trtaaury Serials
Serials
Sent to
Bank
251 - 270 932 - 951
271 - 370 L952 - LI051 1 - 370
Shawmut NB 582 ORIG 1 - 50 370 - 419 1 - 50
Atlas NB 654 ORIG 1 170 427 - 596
171 - 188 914 - 931 1 - 188
New York New York Fourth NB 290 ORIG 1 - 100 106 - 205
101 - 200 597 - 696
201 - 500 L1052 - 11351 1 - 500
II of Nev York N Banking Asso 1393 ORIG I 110 804 - 913 1 - 110
500-1000 sheets
Baltimore Commercial and Farmers NB 1303 ORIG 1 - 30 1408 1437 1 - 30
Maryland
Merchants NB 1336 ORIG 1 - 40 2123 - 2162 1 - 40
Union NB of Maryland 1489 ORIG 1 - 70 1935 - 2004
71 - 72 2236 2237 1 - 72
Massachusetts Boston NB Commerce 554 ORIC 1 - 100 327 - 426
101 - 120 691 - 710
121 - 160 1569 - 1608
161 - 184 2062 - 2085
185 - 204 2238 - 2257
205 - 254 K2258 - K2307
255 - 354 K2495 - K2594 1 - 354
1875 1 - 20 A761 - A780
21 - 40 A1788 - A1807
41 - 100 A1843 - A1902 1 - 100
Tremont NB 625 ORIG 1 - 150 541 - 690
151 - 165 K2480 - K2494 1 - 165
Massachusetts NB 974 ORIG 1 - SO 1010 - 1059
51 - 58 K2308 - K23I5
59 - 88 K2682 - K2711 1 - 58
State NB 1028 ORIG 1 - 100 846 - 945
101 - 117 2219 - 2235 1 - 117
Kidder N Gold B 1699 ORIG 1 - 75 K2343 - K2417 1 - 75
New Bedford NB of Commerce 690 ORIG 1 - 30 718 - 747 1 - 30
Salem First NB 407 1875 1 - 40 Al - A40
41 - 60 A1768 - A1787 1 - 60
New York New York Tenth NB 307 ORIG 1 - 50 K2425 - K2474 1 - 50
Ninth NB 387 ORIG 1 - 100 113 - 212 1 - 100
1875 I - 100 A661 - A760
101 - 390 A781 - A1070 1 - 390
Trsdesmens NB 905 ORIG 1 - 20 792 - 811 1 - 20
1875 1 - 20 441 - A60
21 - 30 A1808 - 41817 1 - 30
N Shoe and Leather B 917 ORIG 1 - 20 819 - 838 1 - 20
NB of the Republic 1000 ORIG 1 - 50 953 - 1002 1 - 50
Merchants Exchange NB 1080 ORIG 1 - 15 2170 - 2184
16 - 20 K2475 - K2479 1 - 20
Metropolitan NB 1121 ORIG 1 - 205 1616 - 1820 1 - 205
1875 1 - 667 A1101 - A1767 1 - 481
Mechanics NB 1250 ORIC 1 - 50 1244 - 1293 1 - 50
Union NB 1278 ORIG I - 170 1067 - 1236 1 - 170
Merchants NB 1370 ORIG 1 - 100 1301 - 1400 1 - 100
1875 I - 600 A61 - 4660 1 - 64
Chatham NB 1375 ORIC 1 - 10 1482 - 1491 1 - 10
Continental NB 1389 ORIG 1 - 70 1499 - 1568 1 - 70
N City B 1461 ORIG 1 - 100 1828 - 1927 1 - 100
NB of the State of NY 1476 ORIG 1 - 27 2192 - 2218 l - 27
Pennsylvania Philadelphia Manufacturers NB 557 ORIG 1 - 100 434 - 533 1 - 52
101 - 120 8.2316 - K2335 101 - 120
Consolidated NB 561 ORIG 1 - 100 220 - 319 1 - 33
Union NB 563 ORIG 1 - 80 K2602 - K268I 1 - 80
1875 1 - 30 A1071 - A1100
31 - 55 A1818 - 41842 I - II
Peoples NB 727 ORIG 1 - 30 755 - 784
31 - 40 K2712 - K2721 1 - 40
Rhode Island Providence NB of Commerce 1366 ORIG I - 30 1445 - 1475
-fRCZ11,4T1.
1,410
tve Urlt lid red 1101 tars
E 'YOUR
*404"'" .
stallguo
ev1140
,
IT I' N YORK
• 4.40(1
E=14'0;•?:
Page 110
Paper Money Whole No. 136
State ELLL Title Charter Series Bank Serials Treesury Serials
Serials
Sent to
Bank
31 - 60 2086 - 2115
61 - 80 K2722 - K274I I - 80
Asericen NB 1472 ORIC 1 - 50 2012 - 2061 I - 50
500-500-500-500 sheets
NB of Coamerce 733 0610 I - i75 120 - 694 I - 575
New York New York
1875 1 - 95 Al - A95 1 - 95
500-500-500-1000 sheets
Western NB 656 MI6 1 - 12 134 - 145 I - 12
Pennsylvania Philadelphia
1000-1000-1000-1000 sheets
NB of Comerce 733 0616 1 - 575 127 - 701 1 - 575
New York New York
1875 1 - 125 Al - Al25 1 - 125
USEFULNESS
The $500 and $1000 denomination national bank notes did
not enjoy wide circulation due to their huge purchasing power.
Rather, they probably served mostly as vault cash to meet re-
serve requirements. As a result many undoubtedly remained in
very nice condition until they were finally sent in for redemp-
tion. The banks that received these notes also ordered most if
not all of the other available Original Series and Series of 1875
denominations. There was one exception. The New Orleans
National Banking Association (1825) used only $500s.
Most $500s and $1000s were probably ordered as a show of
financial prowess as much as for any other purpose. Many early
Boston banks enthusiastically ordered the high denominations,
and those banks preferred $500s. A few Philadelphia banks got
into the act in December, 1864, by ordering 500-1000 combi-
nations. Ultimately, the New York banks showed their raw
power by ordering the majority of the 500-1000 sheets made.
As shown in Table 8, the first $500 was sent to the Merchants
National Bank of Boston (475) in a shipment dated October 15,
1864. The Fourth National Bank of New York (290) received
the first $1000 in a shipment sent November 30, 1864. As
shown dramatically in Figures 1 and 2, the strong early interest
in $500 and $1000 notes had largely worn off by the end of
1866. No new plates were ordered between 1867 and 1870. Of
the ten banks that ordered high denomination plates beginning
in 1871, four were national gold banks in 1871 and 1872.
Paper Money Whole No. 136 Page 111
Table 6. $500
Chart er City State
and $1000 National Bank sheets shipped by the Comptroller of the Currency to the banks
with the dates of the first and last shipments.
Original Series Series of 1875
CancelledCombinat ion Serials Datesa Serials Datesa
29 New York NY 500 1 - 1498 Sep 26, 1878 - Aug 17, 1881 1875: 1499 -1600
200 Boston MA 500 1 - 659 Nov 3, 1864 - Dec 28, 1882 ORIG: 660 -1550
290 New York NY 500 1 -1316 Nov 24, 1865 - Sep 12, 1882 ORIG:1317 -1500
1000 1 - 500 Nov 30, 1864 - Dec 17, 1874
307 New York NY 500-1000 1 - 50 Aug 16, 1871 - Feb 16, 1872
379 Boston MA 500 1 - 190 Nov 17, 1864 - Jan 9, 1868
387 New Yore NY 500-1000 1 - 100 Dec 5, 1864 - Feb 11, 1865 1 - 390 May 15, 1879 - Dec 27, I1182
407 Salem MA 500-1000 1 - 60 May 19, 1877 - Dec 12, 1882
460 Boston MA 500 1 - 278 Feb 17, 1865 - Dec 18, 1872 1875: 1 - 20
475 Boston MA 500 1 - 740 Oct 15, 1864 - Apr 10, 1874 1 - 80 Nov 19, 1880 - Dec 9, 1881
1000 1 - 370 Dec 27, 1864 - Jul 20, 1875
514 Boston MA 500 1 - 370 Dec 6, 1864 - Sep 14, 1872
524 Boston MA 500 1 - 490 Dec 8, 1864 - Mar 27, 1884
529 Boston MA 500 1 - 200 May 19, 1866 ORIG: 201 - 500
536 Boston MA 500 1 - 290 Jan 19, 1865 - Nov 27, 1870 1 - 100 Dec 23, 1876 - Jun 12, 1878
539 Philadelphia PA 500 1 - 400 Feb 24, 1866 - May 7, 1866
545 Boston MA 500 1 - 150 Nov 17, 1864 - Jun 5, 1874
554 Boston MA 500-1000 1 - 354 Dec 8, 1864 - Apr 21, 1879 1 - 100 Apr 1, 1880 - Jul 30, 1884
557 Philadelphia PA 500-1000 1 - 120 Dec 15, 1864 - Mar 14, 1874 ORIG: 53 - 100
561 Philadelphia PA 500-1000 1 - 33 Dec 8, 1864 ()RIG: 34 - 100
563 Philadelphia PA 500-1000 1 - 80 May 8, 1873 - Mar 17, 1881 1 - 11 Feb 27, 1884 - Mar 19, 1884 1875: 12 - 55
578 Boston MA 500 1 - 270 Dec 15, 1864 - Oct 26, 1881
582 Boston MA 500 1 - 290 Dec 15, 1864 - Nov 19, 1875
1000 1 - 50 Feb 17, 1865
595 Roxbury MA 500 1 - 50 Mar 10, 1865 - Oct 20, 1870
597 Lancaster PA 500 1 - 64 Dec 30, 1864 - Mar 3, 1875 URIC: 65 - 106
601 Boston MA 500 1 - 200 Jan 9, 1865 - Jul 8, 1881 1 - 40 Dec 3, 1881 - Mar 9, 1883
603 Boston MA 500 1 - 280 Dec 27, 1864 - Jun 12, 1875 1 - 46 Feb 9, 1877 - Oct 20, 1884 1875: 47 - 100
609 Boston MA 500 1 - 200 Dec 30, 1864 - Mar 2, 1865
613 Pittsburgh PA 500 1 - 100 Jan 12, 1865 - Sep 18, 1865 1 - 169 Apr 8, 1884 - Nov 10; 1884 1875: 170 - 200
615 Roxbury MA 500 1 - 50 Feb 3, 1865 - May 27, 1872
619 Pit tsburgh PA 500 1 - 100 Jan 9, 1865 - May 29, 1876
625 Boston MA 500-1000 1 - 165 Jan 20, 1865 - Oct 31, 1872
629 Boston MA 500 1 - 450 Jan 12, 1865 - Sep 7, 1865
638 Lynn MA 500 1 - 100 Feb 3, 1865 - Sep 18, 1876 1 - 20 Mar 13, 1884 - Apr 3, 1884 1875: 21 - 40
643 Boston MA 500 1 - 100 Mar 10, 1865 1 - 100 Apr 27, 1881
646 Boston MA 500 1 - 150 Jan 18, 1865 - Feb 4, 1873
654 Boston MA 500 1 - 321 Jan 18, 1865 - Jan 4, 1873 1 - 100 Jun 7, 1878 - Nov 7, 1884
1000 1 - 180 Feb 17, 1865 - Apr 28, 11366
656 Philadelphia PA 3x500+1000 1 - 12 Feb 24, 1866
665 Boston MA 500 1 - 120 Jan 20, 1865 - Mar 24, 1875
668 Pittsburgh PA 500 1 - 200 Feb 4, 1865 - Dec 13, 1872 1 - 50 Jul 19, 1884 - Dec 2, 1884 1875: 51 - 200
672 Boston MA 500 1 - 260 Jan 20, 1865 - Nov 18, 1870
677 Boston MA 500 1 - 100 Jan 31, 1865
678 Pittsburgh PA 500 1 - 513 Feb 4, 1865 - Jan 31, 1873
690 New Bedford MA 500-1000 1 - 30 Feb 10, 1865
726 Salem MA 500 1 - 20 Feb 17, 1865
727 Pittsburgh PA 500-1000 1 - 40 Apr 18, 1865 - Jul 13, 1874
733 New York NY 4x500 1 - 575 Apr 24, 1865 - Mar 25, 1875 1 - 95 Feb 28, 1882 - Jun 9, 1883
4x1000 1 - 575 Apr 24, 1865 - Dec 23, 1876 1 - 125 Nov 9, 1877
743 New Bedford MA 500 1 - 150 Feb 23, 1865 - Apr 16, 1875 1 - 50 May 12, 1880 - May 4, 1882
766 Taunton MA 500 1 - 234 Mar 10, 1865 - Jan 3, 1883 1 - 46 Mar 5, 1883 - Dec 9, 1884
799 New Bedford MA 500 1 - 40 Mar 10, 1865
B06 Brighton MA 500 1 - 50 Mar 14, 1865
Page 112
Charter City State
Original Series
Paper Money
Series of 1875
Whole No. 136
CancelledCombination Serials Datesa Serials Datesa
843 Pawtucket RI 500 1 - 44 Feb 24, 1865 Aug 14, 1873 1 - 75 Oct 8, 1881 - Dec 2, 1884 1875: 76 - 110
847 Boston MA 500 1 - 380 Mar 24, 1865
891 New York NY 500 1 - 505 May 31, 1865 Nov 2, 1867 1875: 1 - 60
905 New York NY 500-1000 1 - 20 May 31, 1865 1 - 30 Jun 31, 1878 - Oct 17, 1883
917 New York NY 500-1000 1 - 20 May 31, 1865
936 Boston MA 500 1 - 150 May 11, 1865
941 Portland NC 500 1 - 100 Dec 28, 1865
947 Taunton MA 500 1 - 123 Jan 10, 1865 - Feb 14, 1882 1 - 100 Feb 14, 1887 - Dec 15, 1884
974 Boston MA 500-1000 1 - 58 Jun 17, 1865 - Sep 30, 1871 URIC: 59 - 88
983 Prow idence RI 500 1 - 40 Jul 7, 1866
985 Boston MA 500 1 - 224 Jun 17, 1865 - Mar 20, 1885 ORIG: 225 - 230
986 Lowell MA 500 1 - 319 Dec 5, 1865 - Jan 26, 1885 URIC: 320 -639;
1875: 1 - 100
993 Boston MA 500 1 - 200 Jun 17, 1865 URIC: 201 - 300
1000 New York NY 500-1000 1 - 50 Jun 10, 1865
1015 Boston MA 500 1 - 393 Jun 17, 1865 - Aug 30, 1880 URIC: 171 -200,
394 -416;
1875: 1 - 20
1023 Portland ME 500 1 - 170 Jun 14, 1866 - Oct 25, 1875 1 - 9 Nov 11, 1884 1875: 10 - 20
1028 Boston MA 500-1000 1 - 117 Jun 10, 1865 - Oct 10, 1866
1029 Boston MA 500_ 1 - 205 Jun 30, 1865 - Nov 16, 1865
1036 Providence RI 500 1 - 106 Oct 14, 1865 - May 23, 1866
1060 Portland ME 500 1 - 290 Jun 30, 1865 - Jul 12, 1875 URIC: 291 - 350
1080 New York NY 500-1000 1 - 20 Mar 8, 1866 - Jan 3, 1873
1121 New York NY 500-1000 1 - 205 Oct 28, 1865 1 - 481 Apr 21, 1881 1875: 482 - 667
1131 Providence RI 500 1 - 50 Jun 30, 1865 - Apr 1, 1869
1135 Worcester MA 500 1 - 50 Jun 30, 1865 - Feb 17, 1875
1250 New York NY 500-1000 1 - 50 Aug 24, 1865
1252 Baltimore MD 500 1 - 62 Jun 7, 1866
1278 New York NY 500-1000 1 - 170 Aug 24, 1865 - Jul 25, 1868
1295 Boston MA 500 1 - 198 Aug 28, 1865 - Dec 29, 1866
1303 Baltimore MD 500-1000 1 - 30 Sep 25, 1865
1325 Baltimore MD 500 1 - 526 Sep 25, 1865 - Jun 10, 1885 URIC: 527 - 540
1328 Providence RI 500 1 - 40 Sep 25, 1865 - May 6, 1876 1 - 30 Mar 11, 1878 - Feb 6, 1884
1336 Baltimore MD 500-1000 1 - 40 Apr 28, 1866
1366 Providence RI 500-1000 1 - 80 Sep 25, 1868 - May 6, 1881
137U New York NY 500-1000 1 - 100 Sep 4, 1865 1 - 64 Oct 27, 1882 - Jul 17, 1884 1875: 65 - 600
1375 New York NY 500-1000 1 - 10 Sep 25, 1865
1384 Baltimore MD 500 1 - 70 Jun 13, 1866 - Sep 25, 1866 1 - 50 Apr 21, 1876 - Jun 22, 1883
1389 New York NY 500-1000 1 - 70 Sep 25, 1865 - Jan 17, 1868
1393 New York NY 500 1 - 300 Sep 25, 1865
1000 1 - 110 Feb 24, 1866 - Aug 11, 1883
1394 New York NY 500 1 - 354 Oct 16, 1865 - Dec 19, 1868
1413 Baltimore MD 500 1 - 60 Jun 7, 1866 - Jul 30, 1866
1461 New York NY 500-1000 1 - 100 Oct 30, 1865
1472 Providence RI 500-1000 1 - 50 Oct 30, 1865
1476 New York NY 500-1000 1 - 27 May 26, 1866
1489 Baltimore MD 500-1000 1 - 72 Oct 31, 1865 - Apr 4, 1876
1527 Boston MA 500 1 - 293 Nov 15, 1865 - Feb 11, 1876 Or-tIC.;: 294 -300;
1875: 1 - 220
1595 Mobile AL 500 1 - 292 May10, 1878 - Jan 2, 1884 1875: 293 - 700
1699 Boston MA 500-1000 1 - 75 Apr 8, 1871
1741 San Francisco CA 500 1 - 300 Apr 8, 1871 - Mar 30, 1882
1825 New Orleans LA 500 1 - 720 Jul 28, 1871 - Apr 1, 1872
1994 San Francisco CA 500 1 - 250 Jun 17, 1872 - Apr 5, 1873
2014 Sacramento CA 500 1 - 60 Aug 7, 1872
a. Single date indicates all sheets were shipped on same day.
Original Series
Sheet Combination Banks Sheets
500
1000
500-1000
4 a 500
3 o 500 •
4 a 1000
1000
66
5
29
1
1
1
15580
1218
2288
575
12
575
Paper Money Whole No. 136 Page 113
Table 13. First and last $500 and $1000 National Bank notes issued.Table 7. Actual usage of the MO and 31000 National Bank sheet combinations.
Series of 1875 Total
Banks Sheets Banks Sheets
18 2855 68 113439
none 5 1218
7 1136 30 1424
1 95 2 670
none 1 12
1 125 700
12000
$ 500's
10000
First Issued Last Issued
Charter Date Charter Date
°RIG $500 475 Oct 15, 1864 1325 J. 10, 1885
06610 $1000 290 Nov 30, 1864 1393 A. 11, 1883
1875 $500 1384 Apr 21, 1876 947 Dec 15, 1884
1875 $1000 407 May 19, 1877 554 Jul 30, 1880
Several banks that used the high denominations continued to
receive them in periodic shipments from the Comptroller long
after 1866. However, a measure of the lack of utility of the high
denomination notes is reflected in the fact that the entire $500
and $1000 issuances for 25 banks were sent in a single ship-
ment (see Table 6). Those banks never went back for more! By
the end of October 1866, 54% of all the $500s and 63% of all
the $1000s had already been issued to user banks. As shown in
Figures 3 and 4, the demand dwindled to a trickle during the
next 19 years. Additional evidence that they were less than use-
ful is the fact that when high denominations including $500.
$1000 and $10,000 were authorized by Section 11 of the Em-
ergency Currency (Aldrich-Vreeland) Act of May 30, 1908,
none were prepared. For that matter it appears that 1908 de-
signs were never produced.
$ 1000'S
13000
4000
6000
4000
3000
0
0
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z
O
z
2000
10 00
LAST 1500 NOTE ISSUED
LAST $1000 NOTE ISSUED
00 0
0 0 0
t. 8-
co co 0
00
c)?r,
Figure 1. Numbers of $500 national bank notes outstanding
on October 31 of each year between 1864 and 1930. The 685 Figure 2. Numbers of $1000 national bank notes outstanding
national gold bank notes issued between 1871 and 1882 are on October 31 of each year between 1865 and 1930. The 75
omitted until 1915, when the last four still outstanding were national gold bank notes issued and redeemed in 1871 are
added to the totals. omitted.
"14'FAcy,.
rive undyed liars
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Paper Money Whole No. 136Page 114
11000
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9000
4000
8000
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2000
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Figure 3. Numbers of $500 national bank notes issued during Figure 4. Numbers of $1000 national bank notes issued during
the year ending October 31 of each year between 1864 and the year ending October 31 of each year between 1865 and
1885. The 685 national gold bank notes issued between 1871 1884. The 75 national gold bank notes issued in 1871 are
and 1882 are omitted. omitted.
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Paper Money Whole No. 136 Page 115
The last $1000 was sent to the National Bank of Commerce,
Boston (554) on July 30, 1884 in a shipment of 1875 $500-
$1000 sheets. The last $500 was an Original Series sent to the
Western National Bank of Baltimore (1325) on June 10, 1885.
The demise of the $500 and $1000 national bank notes oc-
curred in 1885 as a result of a combination of the following three
factors. (1) Several issuing banks went out of business. (2) The
two surviving national gold bank users converted to regular
national bank status under the provisions of the Act of February
14, 1880, and elected not to use high denominations thereafter.
(3) The remaining issuing banks were extended before 1886
under the provisions of the Act of July 12, 1882, and no series
of 1882 $500 or $1000 notes were prepared for their use. The
First National Bank of Mobile, Alabama (1595) was the last of
the regular national banks to be extended in the group that is-
sued high denomination notes, an event that occurred October
10, 1885.
Of the four national gold banks that issued high denomination
notes, the Kidder National Gold Bank of Boston (1699) and Na-
tional Gold Bank and Trust Company of San Francisco (1994)
liquidated respectively in 1872 and 1879. The First National
Gold Bank of San Francisco (1741) and National Gold Bank of
D.O. Mills and Company, Sacramento (2014) converted to
regular status respectively in 1884 and 1883. Both elected not
to use $500 or $1000 Series of 1875 denominations after their
conversions. Consequently, the last of the high denomination
gold bank notes was in a shipment of $500s to the First National
Gold Bank of San Francisco (1741) on March 30, 1882.
KIDDER NATIONAL GOLD BANK
The Kidder National Gold Bank of Boston (1699) was the first
national gold bank chartered, and holds the distinction of being
the only one to utilize the 500-1000 combination. Its history
was brief. On August 15, 1870, it deposited $50,000 in bonds
to secure its circulation. This was followed on November 5,
1870, with an additional $100,000 bond deposit. The first ship-
ment of notes was made to the bank on March 11. 1871 when it
was sent 50 sheets of the 50-100 combination. Seventy-five
sheets of its 500-1000 combination were received by the
Comptroller on April 5, 1871, and sent to the bank three days
later. The high denomination shipment boosted its circulation to
a total of $120,000, the 80 percent legal limit for its $150,000
bondedness. These two shipments accounted for all the notes
ever printed for the bank. All were Original Series notes and the
$1000s were the only $1000 national gold bank notes made.
Although the notes were received by the bank, they never
reached circulation. All were returned and redeemed by the
Comptroller on December 4, 1871. The bank sold its bonds on
December 9th and 19th in $140,000 and $10,000 increments.
thus liquidating its capacity to secure circulation. The bank was
liquidated on November 8, 1872. Proofs remain of the $50 and
$100 denominations (See Hessler, 1979), but none seem to re-
main of the $500 and $1000 denominations.
EXOTIC PLATE COMBINATIONS
Table 7 shows that three truly impressive sheet combina-
tions emerged from the $500 and $1000 issuances. specifical-
ly the 500-500-500-1000, 500-500-500-500, and
1000- 1000- 1000- 1000 combinations. The unique
500-500-500-1000 combination was made for the Western
National Bank of Philadelphia (656) and was sent to press only
once to produce 12 Original Series sheets that were shipped to
the bank on February 24, 1866.
The 4-subject $500 and $1000 plates were made for the Na-
tional Bank of Commerce, New York (733) and each was used
for various Original Series and Series of 1875 printings. The first
shipment from these two plates was sent to the bank on April
24, 1865. The last shipment was sent from the $500 plate on
June 9, 1883.
Only five banks used the single subject $1000 plate, namely
charters 290, 475, 582, 654 and 1393. This plate combination
was used only for Original Series printings, and they were
shipped to the banks inclusively between November 30, 1864
and August 11, 1883.
TREASURY SERIAL NUMBERS
The serial numbers—both treasury and bank—on large size
national bank notes are sheet numbers, therefore all subjects on
a sheet carried identical numbers. A separate group of treasury
serial numbers was assigned to each different plate combination
in both the Original Series and Series of 1875. Each of the var-
ious treasury serial groups started with serial Al in the Series of
1875 and advanced in consecutive order. This simple system
did not prevail in the Original Series.
Each of the Original Series treasury numbering groups began
at a different arbitrarily chosen starting number. For example,
the first one-subject 500 sheet was made for the Merchants Na-
tional Bank of Boston (475) and carried the unprefixed treasury
number 92. An additional complexity arose from the fact that
early printings in the Original Series were separated from those
of other banks by skips of seven treasury numbers. For example,
the first and second one-subject 500 printings, respectively for
Boston (475) and Boston (200), skipped treasury serials
592-598. This practice was eventually abandoned and num-
bering became consecutive.
Page 116
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The decision was made to add prefix letters to the Original
Series treasury serials in 1869. The letters M, L and K were re-
spectively added to the treasury serials for the 500, 1000, and
500-1000 combinations which were being printed at the time.
The highlights of the treasury serial numbering of the high
denomination notes appear in Table 9. More details on the treas-
ury serial numbering system can be found in Huntoon (1984).
CONVERSION TO SERIES OF 1875
The responsibility for printing the faces of national bank notes
was won by the Bureau of Engraving and Printing in July, 1875,
and thus the Series of 1875 was born. Stocks of Original Series
notes on hand with the Comptroller of the Currency continued
Page 117
to be issued until exhausted. Series of 1875 notes were printed
only if required by demand.
An order from the Comptroller of the Currency for new notes
after July 1875 would prompt the Bureau to alter the bank's
Original Series National Bank Note Company plate to a Series
of 1875 plate through the addition of the "Printed at the Bureau
of Engraving & Printing, Treasury Dept" logo, and replacement
of the existing treasury signatures with those current when the
plate was modified. The plate date remained as originally en-
graved. Consequently, for the first and only time in the history
of national currency, the treasury signatures on Series of 1875
notes did not necessarily conform to the plate date. High de-
nomination Original Series plates were still being converted to
Series of 1875 plates as late as 1884 as revealed by the signa-
ture combinations listed in Table 10 for Series of 1875 notes.
Table 9. Use of treasury sheet serial numbers on $500 and $1000 Original Series
National Bank notes. Dates are inclusive dates of receipts by the
Comptroller of the Currency from the printers.
Unprefixed Original Series Treasury Serials
Dates
1864 - Feb 1, 1869
1864 - Sep 7, 1867
1863 - May 20, 1868
1865 - Mar 6, 1875
1866
1865 - Mar 6, 1875
Prefixed Original Series Treasury Serials
Sheet Serials Dates
M11004 - M18107 Jun 14, 1869 - Jun 21, 1875
L952 - L1351 Dec 6, 1871 - Apr 18, 1874
K2258 - K2741 Oct 15, 1870 - Jun 10, 1875
none printed
none printed
none printed
Sheet Combination Sheet Serials
500 92 - 11003 Oct 14,
1000 106 - 951 Nov 28,
500-1000 113 - 2257 Nov 28,
4 x 500 120 - 694 Apr 22,
3 x 500 + 1000 134 - 145 Feb 19,
4 x 1000 127 - 701 Apr 2,
Table 10. Plate dates and treasury signatures on $500 and $1000 National Bank Notes
Charter City State Combination s Plate Date
Original Seriesb Series of 1875
Register Treasurer Register Treasurer
29 New York NY 500 May 25, 1876 Allison New
200 Boston MA 500 Feb 2, 1864 Chittenden Spinner
290 New York NY 500, 1000 Mar 4, 1864 Chittenden Spinner
307 New York NY 500-1000 Jun 15, 1871 Allison Spinner
379 Boston MA 500 Apr 15, 1864 Chittenden Spinner
387 New York NY 500-1000 May 2, 1864 Chittenden Spinner unknown unknown
407 Salem MA 500-1000 Oct 25, 1876 Allison Wyman
460 Boston MA 500 Jun 8, 1864 Chittenden Spinner unknown unknownc
475 Boston MA 500, 1000 Jul 5, 1864 Chittenden Spinner Scofield Gilfillan
514 Boston MA 500 Sep 20, 1864 Colby Spinner
524 Boston MA 500 Oct 6, 1864 Colby Spinner
529 Boston MA 500 Oct 12, 1864 Colby Spinner
536 Boston MA 500 Oct 28, 1864 Colby Spinner unknown unknown
539 Philadelphia PA 500 Oct 28, 1864 e Colby Spinner
545 Boston MA 500 Oct 28, 1864 Colby Spinner
554 Boston MA 500-1000 Nov 1, 1864 Colby Spinner unknown unknown
Page 118 Paper Money Whole No. 136
Table 10. (Continued)
Original Series b Series of 1875
Charter City State Combination a Plate Date Register Treasurer Register Treasurer
557 Philadelphia PA 500-1000 Nov 1, 1864 Colby Spinner
561 Philadelphia PA 500-1000 Nov 4, 1864 Colby Spinner
563 Philadelphia PA 500-1000 Jan 15, 1873 Allison Spinner Scofield Gilfillan
578 Boston MA 500 Nov 25, 1864 Colby Spinner
582 Boston MA 500, 1000 Nov 25, 1864 Colby Spinner
595 Roxbury MA 500 Dec 2, 1864 Colby Spinner
597 Lancaster PA 500 Dec 2, 1864 Colby Spinner
601 Boston MA 500 Dec 8, 1864 Colby Spinner Bruce Gilfillan
603 Boston MA 500 Dec 8, 1864 Colby Spinner unknown unknown
609 Boston MA 500 Dec 8, 1864 Colby Spinner
613 Pittsburgh PA 500 Dec 14, 1864 Colby Spinner unknown unknown
615 Roxbury MA 500 Dec 14, 1864 Colby Spinner
619 Pittsburgh PA 500 Dec 14, 1864 Colby Spinner
625 Boston MA 500-1000 Dec 14, 1864 Colby Spinner
629 Boston MA 500 Dec 22, 1864 Colby Spinner
638 Lynn MA 500 Dec 22, 1864 Colby Spinner Bruce Wyman
643 Boston MA 500 Dec 28, 1864 Colby Spinner Scofield Gilfillan
646 Boston MA 500 Jan 2, 1865 e Colby Spinner
654 Boston MA 500, 1000 Dec 30, 1864 Colby Spinner Scofield Gilfillan
656 Philadelphia PA 3x500 + 1000 Dec 30, 1864 Colby Spinner
665 Boston MA 500 Jan 2, 1865 Colby Spinner
668 Pittsburgh PA 500 Jan 2, 1865 Colby Spinner Scofield Gilfillan
672 Boston MA 500 Jan 2, 1865 Colby Spinner
677 Boston MA 500 Jan 2, 1865 Colby Spinner
678 Pittsburgh PA 500 Jan 2, 1865 Colby Spinner
690 New Bedford MA 500-1000 Jan 10, 1865 Colby Spinner
726 Salem MA 500 Jan 19, 1865 Colby Spinner
727 Pittsburgh PA 500-1000 Jan 19, 1865 Colby Spinner
733 New York NY 4x500 & 1000 Jan 19, 1865 Colby Spinner Bruce Gilfillan
743 New Bedford MA 500 Jan 26, 1865 Colby Spinner Scofield Gilfillan
766 Taunton MA 500 Feb 3, 1865 Colby Spinner Bruce Gilfillan
799 New Bedford MA 500 Feb 14, 1865 Colby Spinner
806 Brighton MA 500 Feb 14, 1865 Colby Spinner
843 Pawtucket R1 500 Mar 10, 1865 Colby Spinner Bruce Gilfillan
847 Boston MA 500 Mar 10, 1065 Colby Spinner
891 New York NY 500 Apr 20, 1865 Colby Spinner unknown unknownc
905 New York NY 500-1000 Apr 20, 1865 Colby Spinner Allison Wyman
917 New York NY 500-1000 Apr 20, 1865 Colby Spinner
936 Boston MA 500 Apr 20, 1865 Colby Spinner
941 Portland NE 500 Apr 20, 1865 Colby Spinner
947 Taunton MA 500 Apr 20, 1865 Colby Spinner Allison New
974 Boston MA 500-1000 May 10, 1865 Colby Spinner
983 Providence RI 500 May 10, 1865 Colby Spinner
985 Boston MA 500 May 10, 1865 Colby Spinner
986 Lowell MA 500 May 10, 1865 Colby Spinner Scofield Gilfillanc
Paper Money Whole No. 136
Page 119
Table 10.
Charter
(Continued)
City State Combination s Plate Date
Original Series
b
Series of 1875
Register Treasurer Register Treasurer
993 Boston MA 500 May 10, 1865 Colby Spinner
1000 New York NY 500-1000 May 10, 1865 Colby Spinner
1015 Boston MA 500 May 10, 1865 Colby Spinner Scofield Gilfillanc
1023 Portland ME 500 Jun 1, 1865 Colby Spinner Bruce Wyman
1028 Boston MA 500-100C Jun 1, 1865 Colby Spinner
1029 Boston MA 500 May 10, 1865 Colby Spinner
1036 Providence RI 500 Jun 1, 1865 Colby Spinner
1060 Portland ME 500 Jun 20, 1865 Colby Spinner
1080 New York NY 500-1000 Jun 20, 1865 Colby Spinner
1121 New York NY 500-1000 Jul 1, 1865 Colby Spinner Scnfield Gilfillan
1131 Providence RI 500 Jul 1, 1865 Colby Spinner
1135 Worchester MA 500 Jul 1, 1865 Colby Spinner
1250 New York NY 500-1000 Jul 20, 1865 Colby Spinner
1252 Baltimore MD 500 Jul 20, 1865 e Colby Spinner
1278 New York NY 500-1000 Jul 20, 1865 Colby Spinner
1295 Boston MA 500 Jul 20, 1865 Colby Spinner
1303 Baltimore MD 500-1000 Aug 1, 1865 Colby Spinner
1325 Baltimore MD 500 Aug 1, 1865 Colby Spinner
1328 Providence RI 500 Aug 1, 1865 Colby Spinner Allison Gilfillan
1336 Baltimore MD 500-1000 Aug 1, 1865 Colby Spinner
1366 Providence RI 500-1000 Aug 1, 1865 Colby Spinner
1370 New York NY 500-1000 Aug 1, 1865 Colby Spinner Allison Wyman
1375 New York NY 500-1000 Aug 1, 1865 Colby Spinner
1384 Baltimore MD 500 Aug 1, 1865 Colby Spinner Allison New
1389 New York NY 500-1000 Aug 1, 1865 Colby Spinner Allison New d
1393 New York NY 500, 1000 Aug 1, 1865 Colby Spinner
1394 New York NY 500 Aug 1, 1865 Colby Spinner
1413 Baltimore MD 500 Sep 1, 1865 Colby Spinner Allison New
d
1461 New York NY 500-1000 Sep 1, 1865 Colby Spinner
1472 Providence RI 500-1000 Sep 1, 1865 Colby Spinner
1476 New York NY 500-1000 Sep 1, 1865 Colby Spinner
1489 Baltimore MD 500-1000 Sep 1, 1865 Colby Spinner
1527 Boston MA 500 Oct 2, 1865 Colby Spinner Allison New c
1595 Mobile AL 500 Dec 15, 1876 ---- Allisnn Wyman
1699 Boston MA 500-1000 Aug 15, 1870 Allison Spinner
1741 San Francisco CA 500 Nov 30, 1870 Allison Spinner
1825 New Orleans LA 500 Jun 15, 1871 Allison Spinner
1994 San Francisco CA 500 Jun 6, 1872 e Allison Spinner
2014 Sacramento CA 500 Aug 15, 1872 Allison Spinner
a. Comma indicates 500 and 1000 one-subject plates; dash indicates a 500-1000 combination plate.
b. Dashes indicate that no 500 or 1000 Original Series plate was made.
c. Printed but not issued.
d. Original Series plate converted to Series of 1875 plate but never used.
e. 500 plate date missing from records: date shown used on other combinations for bank and is most likely the
date used on the 500.
Paper Money Whole No. 136Page 120
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SIGNATURE COMBINATIONS
Every treasury signature combination in use between 1863
and April 1885 is represented on at least one high denomina-
tion national bank note except the Jeffries-Spinner combination
of 1867-1869 vintage. No Jeffries-Spinner combinations occur
because no banks chartered during their period of tenure issued
$500 or $1000 notes. In all, as shown in Table 10, nine differ-
ent treasury signature combinations were used on the high de-
nomination notes.
The Original Series signatures listed in Table 10 were de-
duced from plate dates listed in Comptroller of the Currency
ledgers. Signature combinations listed for Series of 1875 notes
were those observed on proofs. No additional Series of 1875
signature combinations are possible on high denomination notes
despite the fact that Series of 1875 signatures remain unknown
for seven banks.
PLATE DATING CONVENTIONS
Two conventions were used to date the high denomination
plates. The first, used on plates made from 1863 until February
1871, was a batch date in which the date was tied closely to the
period during which the bank was chartered. This early batch
dating system can be discerned clearly from the near perfect
chronological sequencing of pre-February 1871 dates and
charter numbers in Table 10.
Paper Money Whole No. 136
The second dating convention came into use in February
1871, and represents another type of batch dating system. In
this system the date was based on when the plate was ordered.
These later batch dates were usually rounded to increments of
five days such as the 15th or 25th of the month. Notice that the
seemingly inconsistent plate dates in Table 10 for charters 29,
307, 407, 563 and 1595 follow this second batch dating con-
vention.
The treasury signatures on all Original Series plates were se-
lected so that the plate dates and terms of office of the signers
coincided. The rigid correlation between plate dates and signa-
tures occurred only on new Series of 1875 plate combinations
ordered after July, 1875. Series of 1875 plates made by modi-
fying existing Original Series plates carried the original plate date
but sported the treasury signatures current when the plate was
altered. Consequently, those signatures were younger than the
plate dates.
SMALL PRINTINGS
The demand for $500 and $1000 notes was expectedly
small. Printing orders placed by the Comptroller with the
Bureau of Engraving and Printing, or formerly with the National
Bank Note Company, at times hardly appeared to be worth the
bother. The smallest was delivered to the Comptroller on Sep-
tember 12, 1867, and consisted of two sheets of Original Series
500-1000 notes for the Union National Bank of Maryland,
Baltimore (1489), bank serials 71 and 72; both sheets were
issued. It would have been rather annoying to have to set up a
press and later clean the plate for just two sheets. Table 5 con-
tains no shortage of printings consisting of ten sheets or less.
The manufacture of plates such as the 500-1000 for the
Chatham National Bank of New York (1375) or the
500-500-500-1000 for the Western National Bank of Phila-
delphia (656) probably evoked some comment among their
handlers. They were used to print a total of only ten and twelve
sheets respectively.
KNOWN NOTES
Only three $500 national bank notes are known to have sur-
vived from the 32,033 high denomination notes pressed into
circulation. These are listed in Table 11 and consisted of two
Original Series notes in institutional hands, and one Series of
1875 note owned by a private collector. As improbable as it
seems the two Lowell, Massachusetts $500s came from the
same printing, being only nine serial numbers apart. The serial
197 specimen was formerly owned by The Chase Manhattan
Bank but was donated to the Smithsonian Institution when the
bank closed its New York Money Museum about ten years ago.
The serial 206 specimen was credited by Reinfeld (1960) to the
Bureau of Engraving and Printing, but its current whereabouts is
unknown. The First National Bank of New York Series of 1875
note is the famous Amon Carter specimen that used to cause
such envy at the Memphis paper money shows. Carter used to
place the note at the top of a pack of very rare nationals in his
case for all to enjoy. It has now found a new home in another
great private collection.
Table 11. Known $500 National Bank notes.
Serb. Bank Sltx St•t• Charter Serial Signeur. Sour.
°RIC Appleton Ile Lowell MA 986 M16419-197-A Colby - Spinner Hontier, 1910
OFUG Appleton NB Lowell MA 986 M16428-206-A Colby - Spinner Roinfekl, 1960
1875 Float NB New York NY 29 A1815-865-A AllIcon - New Amon Cart•r
Page 121
No $1000 national gold bank notes are extant, all having
been redeemed in 1871. The records for the outstanding $500
national gold bank notes were merged with those of the regular
issues in 1915. At that time, four $500 national gold bank notes
were still out from the 685 issued. None are known to exist.
When published reports ceased in 1938, there were 173
$500 and 21 $1000 notes still outstanding. The last docu-
mented $1000 was shown as redeemed in 1917. The last two
$500s came in in 1937. These were the first $500s redeemed
since 1920. They could have been some of the four outstanding
gold notes for all we know.
CONCLUSION
The $500 and $1000 National Bank note issues between
1864 and 1885 were a spectacular footnote to the national cur-
rency issues authorized by the National Bank acts. However,
these beautiful notes could hardly be considered workhorses of
the nation's currency like the $5, $10 and $20 denominations.
Their purchasing power was simply too great to allow them to
circulate freely. The 32,033 of them shipped to banks in nine
states, including 760 $500 and $1000 national gold bank notes,
probably rarely saw the outsides of vault cages. When the fad of
ordering them collapsed in 1866, they were issued thereafter
only in minute quantities until circumstances combined to stop
their continued issuance after 1885. Nothing in the law pre-
vented $500 and $1000 notes from being used in later national
bank note series. In fact, they were specifically authorized by the
Emergency Currency Act of May 30, 1908. along with the addi-
tion of the $10,000 denomination. They were again called for in
the Act of March 3, 1919. However they were not revived.
Who needed them!
SOURCES OF DATA
The photographs for this article are through the courtesy of
the Numismatic Collections at the Smithsonian Institution, and
are certified proofs made by the Bureau of Engraving and Print-
ing. Lynn Vosloh helped me to locate all of the $500 and $1000
National Bank notes proofs in the Smithsonian collections so
that we could abstract the plate dates and signature combina-
tions from them. Three sets of Comptroller of the Currency
ledgers housed in the National Archives including ledgers show-
ing receipts from the engravers, deliveries to the banks by sheet
combination, and individual bank ledgers provided plate dates.
dates of deliveries from the engravers to the Comptroller, dates
of shipments to the banks and serial numbers received and is-
sued. In addition, I scoured the numismatic literature for photo-
graphs of $500 and $1000 Series of 1875 proofs in order to
record signature combinations. A framed display containing
high denomination notes in the Bureau of Engraving and Print-
ing Annex Building also provided a few morsels of additional
information.
REFERENCES
Comptroller of the Currency, issued annually, Annual Reports of the
Comptroller of the Currency: Government Printing Office, Wash-
ington, D.C.
Hessler, G., 1979, U.S. essay, proof and specimen notes: BNR
Press, Portage, OH, 224 p.
Hessler, G., 1983, The comprehensive catalog of U.S. paper money:
BNR Press, Port Clinton, OH, 502 p.
Huntoon, P., 1984, Evolution of treasury serial numbering on Na-
tional Bank notes: Paper Money, v. 23, pp. 181-185.
Reinfeld, F., 1960, A simplified guide to collecting American paper
money: Hanover House, Garden City, NY, 128 p.
Page 122
Paper Money Whole No. 136
Major
John S. Fillmore
U.S.A. Paymaster
by RODNEY BATTLES
©1987. All rights reserved.
John S. Fillmore
The author, a collector of western checks, has researched and
written several articles pertaining to check collecting, western
banks and bankers. For a list of current titles, please write to:
Rodney Battles, P.O. Box 210004, Bedford, TX 76021.
M AJOR J.S. FILLMORE. a native of the state of New York,
was appointed Paymaster by Colorado's first Territor-
ial Governor, William Gilpin, on August 26, 1861. On
June 18, 1862, he married Miss Bettie M. Kehler, daughter of
the officiating clergyman, at the residence of the Reverend Keh-
ler. He was commissioned Paymaster U.S.A. by President
Abraham Lincoln November 8, 1862.
Major Fillmore possessed marvelous energy and great capaci-
ty for the successful conduct of public affairs. His official duties
as paymaster required constant journeying from one part of his
district to another. His responsibilities extended from southern
New Mexico northward into Idaho, and from Utah to Nebraska
and Kansas. Neither hostile foes nor inclement weather ever
stopped or delayed him from making his appointed rounds.
Travelling in those days was necessarily arduous and fatiguing.
The Major frequently slept upon open prairie or in the moun-
tains without food or shelter. Probably the most severe trip he
ever made, and the one that did most to hasten his death, was
to the posts in the upper North Platte in late 1862. He was ex-
posed for days without food or shelter, floundering through
deep snow with the temperature more than twenty degrees be-
low zero. Reportedly, neither he nor his companions ever re-
covered from the effects of that journey, and they always spoke
of it with a shudder. Added to his almost ceaseless duties in the
field, he was frequently obliged to make hasty journeys to
Washington, which were always coupled with the weighty re-
sponsibilities of his office.
In addition to his official duties, Major Fillmore found time to
transact an immense amount of private business. Less than five
years after moving to Denver in 1860 almost penniless, he had
accumulated property that was unequalled in value to that of
any other citizen of the city at that time. He was considered one
of the more prominent Denver citizens and a prudent business-
man.
On the night of Christmas, Sunday, December 25, 1864, Ma-
jor John S. Fillmore met his death. After he retired to bed about
10:00 pm, a gale took off one of the chimney tops, which, fall-
ing with a great noise upon the roof above his head, filled him
with alarm and nervous excitement, so that he arose and went
downstairs. When at the foot of the stairs he turned and called to
his wife, requesting her to come down. The words had scarcely
left his lips when he fell forward and immediately expired from a
sudden hemmorhage of the lungs.
June 30, 1863 Paymaster draft issued to Captain John W. Alley at the Denver, Colorado Territory Depot.
Paper Money Whole No. 136
4 I I II I I I I I I I I I I I I II I I I I I I I I I I I I I II I I I I
• - 5 "
fj
.
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- • , 4$' e , •
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The Green
Goods Game
Conducted by
Forrest Daniel
Page 123
Sept. 2, 1863 Paymaster draft issued to Thomas J. Evans at Fort Lyon, Colorado Territory,
April 23, 1864 Paymaster draft issued to John C. Thomkins at Fort Garland, Colorado Territory.
Paymaster draft written by Fillmore to a soldier named Geo. Jolloff at Fort Laramie, Idaho Ter-
ritory November 18, 1864, the month preceding Fillmore's death.
The December 27, 1864 issue of the Rocky Mountain Daily spirit has gone out forever and we are no more to meet his famil-
News reported . . . "The deceased had been in failing health for iar footsteps in the streets."
some time past. His system was overworked and worn out. And As a token of respect to his memory, the officers of the district
at last, on that stormy Christmas evening, 'mid the roaring wore a badge of mourning on their left arm for thirty days.
winds, a howling storm whose equal our city has not seen, his
The Colorado Historical Society is acknowledged for supplying biographical data and the lithograph of John S. Fillmore. •
BROWNSVILLE MONEY
We learn that some of this miserable trash has been circulated in
this city, without the endorsement of any responsible, or irre-
sponsible party written thereon. It may be proper to add that a
bushel of the notes are traded for an iron spoon at the place
where it is issued, and gradually loses its value while traveling to
remote sections of the country. —Pioneer and Democrat, St.
Paul, Minn., July 24, 1858.
Page 124 Paper Money Whole No. 136
Wailroad Notes and Scrip of the United States, the
Confederate States and Canada
by RICHARD T. HOOBER
(Continued from PM No. 135, Page 81)
URBANA —MAD RIVER & LAKE ERIE RAILROAD
The company was the first railroad chartered (1832) and built within the state. The road opened to
Bellvue, in 1839, a distance of 16 miles. The line was extended to Dayton in 1844, thus connecting
Dayton with Sandusky and Lake Erie.
26. 25(C (L) Reverse of two reales piece, riverboat above. (C) Train, between 25s. (R) Reverse
of two reales piece, train above, CENTS below. R7
Date — June 4, 1841.
Imprint — Rawdon, Wright & Hatch, Cincinnati.
Ohio No. 26
PENNSYLVANIA
BELLEFONTE—TYRONE & LOCKHAVEN RAILROAD COMPANY
The railroad was chartered February 21, 1857, to build a line connecting the Pennsylvania Rail-
road at Tyrone with the Philadelphia & Erie Railroad at Lockhaven, a distance of 54 miles. It
completed 4.2 miles from Snow Shoe intersection to Milesburg, and from Milesburg to Bellefonte.
1. 1.00 (L) Indian woman, ONE above and below. (C) State seal. (R) "Chartered Feb. 21,
1857," ONE above and below. R7
2. 5.00 Similar to No. 1, except denomination. R7
CARLISLE— CUMBERLAND VALLEY RAIL ROAD COMPANY
3. 25C (L&R) Female seated. (C) Ceres, between 25s. R6
, a, 48 tx4tsr cent. peran
from.data Th. $iack prop;tty qi said Cosr,P4,tV is-Aort4 ?tali
redetitie tins of +,iritnersintk sntetest dun:mu, afreeabla to as stet otaa
471)01t.: wmttY.first day: of -February...04e than
ngh47x rt 4sru1'file {cuarr;t',aathoriziasgtkasaal:F.ailroud Gamynnytnimr
money* be received aa aeoirseer fsite Treasurer at all
eve
-•
Iri Witmal•roVaeaf i'maart and 2i•p,as Wired thew sirmiterm mai Ma
tify that th. - se db duc tvo
IMERLAND RAIL
the, FIFT CIA Ts. 0 , , tyabi,
-at curt. , horns _V■:tss. itt Me Carib'', or ( irooder8V,
f lc Pa, Sept.. 3t. 1837.
Paper Money Whole No. 136 Page 125
Pennsylvania No. 1
Pennsylvania No. 4
4. 50(C Similar to No. 3, except denomination. R6
5. 50(r (L&R) Female seated. (C) Canal scene. R6
6. 1.00 Similar to No. 3, except denomination. R6
7. 5.00 Similar to No. 3, except denomination. R6
Date—Sept. 30, 1837.
Imprint—E. Morris, Philadelphia.
CHAMBERSBURG —FRANKLIN RAIL ROAD COMPANY
The road was chartered March 12, 1832.
7A. 5.00 (L) Name in panel. (C) Name, $5 lower left. (R) "Capital $300,000" in panel.
Imprint—None.
Date-15th January 1840 in ink. R7
Paper Money Whole No. 136Page 126
3;4431i AO Cup
ti <x1;4, 4 lo 4!,(el Z)..
zaall ei I e eu i/b
Chambersburg ittook.
C ha nabersburg,
two, P4.
J%E DOLLARS, le
Pennsylvania No. 7A
NEWTOWN—PHILADELPHIA, NEWTOWN & NEW YORK RAILROAD
COMPANY
The road was incorporated November 28, 1876, and built 5.8 miles of track between Philadelphia
and Newtown. It operated as part of the Pennsylvania Railroad until it was sold at foreclosure
October 4, 1876. It later became part of the Philadelphia & Reading Company.
8. 1.00 (C) Surveyors at work. (R) $1. Black and red print. R5
9. 10.00 (C) Miners, loaded coal car, $10 at left. (R) 10. Black and red print.
Date— Dec. 15, 1873, part ink.
Imprint — Lith. by the American Bank Note Co. Philala. R5
PHILADELPHIA — CAMDEN & WOODBURY RAILROAD & TRANSPORTATION
COMPANY
The company was chartered in 1836, but construction never began. On November 5, 1853, the
franchise was taken over by the West Jersey Railroad. A line was built to Woodbury by 1857, and
then extended to Millville in 1867. This road, and several other small lines, formed the West Jersey
& Seashore Railroad, which later became part of the Pennsylvania Railroad System.
10. 10C (L) Trains, CENTS above, TEN below. (C) Sailing vessel, between 10s. (R) Riverboat,
CENTS above, TEN below. R4
11. 25(r (L) Man with hammer, CENTS above, 25 below. (C) Female, eagle, between 25s. (R)
Man smoking pipe, CENTS above, 25 below. R4
12. 50IZ (L) Pat Lyon at the forge, FIFTY below. (C) 50, train at left, canal coast at right. (R)
Indian seated, CENTS above, 50 below.
13. 1.00 (L) Minerva. (C) Trains, buildings, between Is. (R) Milkmaid, DOLLAR above, ONE
below.
Date— Sept. 23, 1837.
Imprint—Draper, Toppan, Longacre & Co. Phila. & N.Y. R4
(To be continued)
Paper Money Whole No. 136 Page 127
Interest
Bearing
Notes
During this quiet season before the International Paper
Money Show, I would like to reflect on one of the most import-
ant obligations we all have as members of the SPMC: recruit-
ment. Our membership rolls have remained around 2,000 for
the last few years. Our turnover seems to be about 350 per year.
That is, we enroll and lose that number each year, but we can't
seem to gain in the overall picture. I have requested in the past
that each member enroll at least one new member, thereby
doubling our membership but I'm afraid recruitment seems to
rest in the hands of just a few active recruiters. We all have to
participate if we want to strengthen our society. If your local coin
dealer is not a member, suggest that he join. Consider making a
gift membership to your local library or a collecting friend. At
your local coin club, offer a gift membership as a door prize.
With a little imagination, I'm sure we could all recruit at least one
new member. To obtain a supply of applications, please contact
our membership director:
Ron Horstman
P.O. Box 6011
St. Louis, MO 63139
I hope to see you all at the ANA .
NEW LITERATURE
History of the Private, State, and National Banks of Gogebic
County, Michigan 1886-1988. Bruce K. Cox. Revised Second
Edition. Privately Published. iv, 61 pages. Introduction, Bibli-
ography, Name Index, Bank Index. Illustrated.
Mr. Cox is an amateur historian and collector of information
and memorabilia from Gogebic County, Michigan. He has pro-
duced this book as a labor of love, rather than a commercial
venture. The book provides a wealth of information about the
banks that have existed in the county during the period of the
time selected. Of particular interest to collectors of financial
paper documents are the illustrations of bank notes, checks, ad-
vertisements, buildings, and bank officials. Mr. Cox also pro-
vides listings of the national currency issued by the various fed-
erally-chartered banks.
The book covers eleven different banks located in Ironwood,
Bessemer, and Wakefield, Michigan. It is apparent that Mr. Cox
has spent quite a bit of time researching newspaper records to
provide the basic material for this publication. Information is
provided from a "local" viewpoint, and the banks' (and their of-
ficials) impact and involvement with the communities are dis-
cussed in detail.
As stated earlier, this is not a book produced for mass distribu-
tion. The pages are typewritten, and all of the illustrations are
photocopies. Many of the photocopies are mediocre, but any
true collector of paper money knows that photographs or quali-
ty photocopies are often difficult or impossible to obtain; fellow
collectors are usually cooperative, but most do not have access
to professional photography services or high-tech photocopying
machines. From personal experience, when another collector
does you a favor, you "take what you get" and are pleased to
get it.
It has been said before, but it holds true for Mr. Cox's book: If
all collectors of specialized items or areas would put forth the ef-
fort to produce similar material, everyone would benefit im-
mensely. Mr. Cox is to be congratulated for his dedication to his
hobby. I purchased a copy of the previous edition, even though
I do not specifically collect Michigan paper documents. Because
it is a reference book, it deserves consideration by every serious
numismatist.
Ordering information about this book is available from Mr.
Cox at P.O. Box 131, Wakefield, MI 49968. Bob Cochran
SPMC AWARDS BANQUET IN MEMPHIS
The following awards were presented at our annual awards
banquet held on 25 June 1988 at the Holiday Inn — Crowne
Plaza.
LITERARY AWARDS for best articles in PAPER MONEY dur-
ing 1987:
FIRST. Henry N. McCarl for "An Introduction to Confed-
erate and Southern States Counterfeit Currency"—No. 131
SECOND. Robert E. Cochran for "Genuine 'Counter-
feits'?" — No. 132
THIRD. Ronald L. Horstman for "Demand Notes in St.
Louis" — No. 132
AWARD OF MERIT to a member who performs outstanding
service to the Society or brings credit to the Society:
Martin Delger for his superior efforts at organizing and
managing exhibit programs, especially at the Memphis
Show.
Aubrey and Adeline Beebe for their many contributions
to the hobby culminating in the donation of their paper
money collection to the ANA.
NATHAN GOLD AWARD, presented by the Bank Note Re-
porter for a contribution toward the advancement of paper
money collecting:
J. Roy Pennell, Jr. for his many contributions, research,
publications and the establishment of the SPMC Souvenir
Card Program.
EXHIBIT AWARDS AT MEMPHIS
Each exhibitor received a plaque of appreciation from the
Memphis Coin Club. In addition, four awards were presented as
follows:
The Bank Note Reporter — most inspirational award — Gene
Hynds.
The Fractional Currency Club Board Awards — Douglas
K . Hales, first: Benny Bolin, second.
The (IBNS) Amon Carter, Jr. Award — Gene Hessler.
Roger H.
Durand
I COLLECT
MINNESOTA OBSOLETE
CURRENCY and SCRIP
Send Notes or Photo Copies with
Prices Wanted or for Fair Offer to:
Charles C. Parrish
P.O. Box 481
Rosemount, Minnesota 55068
SPMC 7456 LM ANA 1853
WE NEED TO
BUY
If you are selling a single note or an entire col-
lection, you will be pleased with our fair offer
— NO GAMES PLAYED HERE!
(Selling too! Write for free catalog.)
Subject to our inventory requirements
we need the following:
ALL WORLD BANK NOTES
Also
U.S. Large Size Notes U.S. Encased Postage
All Military Currency
Souvenir Cards
U.S. Fractional Currency National Bank Notes
Colonial Currency U.S. Small Size Currency
Ship With Confidence or Write
We pay more for scarce or rare notes.
TOM KNEBL, INC.
(714) 886.0198
P.O. Drawer 3949
San Bernardino, CA 92413
Voi}a
Paper Money Whole No. 136Page 128
MEMBERSHIP DIRECTOR
NEW Ronald Horstman
P.O. Box 6011
St. Louis, MO 63139
MEMBERS
7610 James J. Vermeulen, 720 Tulip Lane, Connersville, IN 47331;
C, Connersville, IN nationals.
7611 Joseph Shaffer, RD #1, Box 86, Hooversville, PA 15936; U.S.
currency and PA national bank notes.
7612 Geoffrey Roger, 16 Tower St., Red Hook, NY 12571; C&D, NY
nationals.
7613 Carl Powers, P.O. Box 10663, New Brunswick, NJ 09806; C,
Silver & gold certificates, NJ nationals.
7614 Russell Deckard, 22'/2 S. Green St., Brownsburg, IN 46112; C,
Large denomination gold certificates.
7615 Gaylen D. Rust, 369 S. Main St., Salt Lake City, UT; C&D,
Mormon currency.
7616 Donald P. Weinzapfel, 7826 Briarwood Dr., Evansville, IN
47715; C&D, Confederate and fractional notes.
7617 Alvin K. Reinert, 5006 Pennsylvania Ave., St. Louis, MO
63111; C, U.S. large-size.
7618 B. Carl Reynolds, P.O. Box 4878, Martinez, GA 30907; C,
CSA, MO. broken bank notes with unusual scenes.
7619 Thomas D. Robertson, 828 Fairway Ln., Iowa City, IA 52240;
C, Obsolete notes.
7620 Eddie English, 6815 De Palma, San Antonio, TX 78239; C.
7621 Jean-Michel Engles, B.P. 130, 34003 Montpellier Cedex,
France; Worldwide bank notes.
7622 Jaime Casanovas P., P.O. Box 24.362, Barcelona, Spain; D.
7623 Frank Stevens, 289 Gamma, Walled Lake, MI 48088; C, Mid-
west national bank and large-size notes.
7624 Brigandi Coin Co., 60 West 44th St., New York, NY 10036.
7625 Donald L. Koehler, 35 Belvidere St., Nazareth, PA 18064;
C&D, World, MPC and $1 FR notes.
7626 John J. Remaley, 4116 Kilmer Ave., Allentown, PA 18104-
3310; C.
7627 Roy Hill, P.O. Box 10021. Savannah, GA 31412; C, GA &
other Southern states notes.
7628 Bruce R. Hagen, P.O. Box 836, Bowling Green, N9C, NY
10274; C, U.S. obsolete notes.
7629 Chris N. Kuyper, 1930-B-E. Sunrise Blvd. 110, Fort Lauder-
dale, FL 33304; C.
7630 Richard J. Micchelli, P.O. Box 248, Mt. Lakes, NJ 07046; C.
7631 Earl A. Shoemaker, 700 E. State St., Iola, IW 54945; C, U.S.
Small-size notes.
7632 Donald Huebner, 3321 Leyton Ln., Madison, WI 53713; C.
7633 William J. Frawley, 1312 Curtis Ave., Point Pleasant, NJ 08742; C.
7634 Thomas G. Cunniffe, 1107 Fifth Avenue, East Northport, NY
11731; C, U.S. Large-size notes.
7635 W.L. Miller, 195 Katherine Blvd., West Melbourne, FL 32904.
7636 J.C. Ballentine, P.O. Box 761, Waycross, GA 31502; C&D,
GA national currency.
7637 Noel D. Rooney, Box 67, Minneola, KS 67865; C, U.S. paper
money with vignettes of nude females.
7638 Richard Florez, P.O. Box 860, Barquisimeto 3001A. Venezuela;
C, Latin America.
7639 Thomas J. Blair IV, #1 Bendcrest, Charleston, WV, 25314; C,
WV nationals.
LM 76 Chiyo Peterson, P.O. Box 623, Carson City, NV 89702; C.
HLM 77 Melvin 0. Warns; Raised to honorary life member by board
action.
LM 80 C.J. Vallance, Jr., 501 Lackey Street, Hamlet, NC 28345; C,
Railroad notes.
Paper Money Whole No. 136 Page 129
rN 1 mon
tiP mar
AUTOGRAPHED U.S. NOTES WANTED with special interest in
notes autographed by United States Presidents, Treasurers and Secre-
taries of the Treasury in both large- and small-size notes. Jack Fisher,
3123 Bronson Blvd., Kalamazoo, Michigan 49008. (136)
MICHIGAN NATIONALS WANTED with serial number one, Michi-
gan First Charters, all Kalamazoo, Michigan banks and Michigan large-
size $100.00 nationals. Jack Fisher, 3123 Bronson Blvd., Kalamazoo,
Michigan 49008. (136)
111..11•■
Paper Money will accept classified advertising from members only on a basis of 15(
per word, with a minimum charge of $3.75. 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. P.O. Box 8147,
St. Louis, MO 63156 by the tenth of the month preceding the month of issue (i.e.
Dec. 10, 1988 for Jan. 1989 issue). Word count: Name and address will count as
five words. All other words and abbreviations, figure combinations and initials
count as separate. No check copies. 10% discount for four or more insertions of
the same copy. Sample ad and word count.
WANTED: CONFEDERATE FACSIMILES by Upham for cash or trade for
FRN block letters, $1 SC. U.S. obsolete. John W. Member. 000 Last St., New
York, N.Y. 10015. (22 words: $2: 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, Coxsackie,
Germantown, Hudson, Hunter, Kinderhook, Philmont, Tannersville,
Windham. Send description and price. All letters answered. Robert
Moon, Box 81, Kinderhook, NY 12106 (138)
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 Jor-
dan, 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)
STOCK CERTIFICATES & BONDS — buy and sell! Current catalog
of interesting certificates for sale, $1. Buying all—but especially interest-
ed in early Western certificates. Ken Prag, Box 531PM. Burlingame,
CA 94011. phone (415) 566-6400. (149)
WANTED, ALL OBSOLETE CURRENCY, ESPECIALLY GEOR-
GIA, 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 Hawkinsville, La Grange Bank, Central
Bank Milledgeville, Ruckersville Banking Co., Bank of St. Marys, Cot-
ton Planters Bank, any private scrip. I will sell duplicates. Claud
Murphy, Jr., Box 15091, Atlanta, GA 30333. (138))
WANTED: OBSOLETE CURRENCY, SCRIP, BANK ITEMS
AND CONFEDERATE ITEMS OF NORTH CAROLINA. Single
items or collections. Send description and price. Jim Sazama, P.O. Box
1235, Southern Pines, NC 28387. (139)
GOLD CERTIFICATES WANTED in extra fine, almost-uncirculated
and uncirculated conditions in both large- and small-size U.S. notes.
Jack Fisher, 3123 Bronson Blvd., Kalamazoo. Michigan 49008. (136)
SERIAL NUMBER 100,000,000 U.S. NOTES WANTED and also
want serial one, 11111111 through 99999999 small-and large-size,
large-size only star notes and single digit 1966 $100.00 Red Seal Star
Notes. Jack Fisher, 3123 Bronson Blvd., Kalamazoo, Michigan 49008.
(136)
BANK NOTE CO. SAMPLE BOOKS WANTED. Also annual re-
ports or sales brochures featuring vignettes. Jeff Price, P.O. Box 5579,
Santa Monica, CA 90405. (137)
WANTED: 1907 clearing house scrip and checks. Need examples from
most states: please send full description or photocopy with price. I am
particularly interested in Washington, Oregon, Georgia, New York.
Ohio, Michigan, and Texas. Need information on other states also.
Tom Sheehan, P.O. Box 14, Seattle, WA 98111. (139)
OHIO NATIONALS WANTED: Also want Lowell, Holland, Tyler,
Ryan, Jordan, O'Neill. Private Collector. Lowell Yoder, P.O. Box 444,
Holland, OH 43528. (142)
BONDS & SHARES. Private collector will buy all your unwanted
stock and bond certificates for cost at a price. All countries and classifi-
cations before 1940. Send photocopy and price wanted. J. Glaser,
6900 E. Camelback Rd., Suite 430, Scottsdale, AZ 85251. (139)
UNCIRCULATED, original, unprocessed U.S. large-size type and
large nationals wanted by collector. Paying over green sheet for some
choice CUs and many gems. Write: Michael Abramson, P.O. Box
6105, Duluth, MN 55816. (137)
PAPER MONEY MAGAZINES WANTED: I need original issues of
the first twelve PAPER MONEY magazines published by SPMC; sets
considered. Robert Galiette, 10 Wilcox Lane, Avon, CT 06001. (138)
WANTED FOR my personal collection, large and small-size national
currency from Atlantic City, NJ. Don't slip, write first with what you
have for sale. Frank lacovone, P.O. Box 266, Bronx, NY 10465-0266.
(140)
BUYING OLD BANK CHECKS, certificates of deposit, bills of ex-
change, older books on Confederate or obsolete bank notes. Bob Pyne,
P.O. Box 149064, Orlando, FL 32814. (145)
WANTED: CSA INTERIM RECEIPTS. Particularly SC, LA, TX, MS
& AR. Single items or collections. Liberal prices paid. Send list with
prices. Gene F. Mack, P.O. Box 14684, Jacksonville, FL 32238.
PAPER MONEY
UNITED STATES
Large Size Currency • Small Size Currency
Fractional Currency • Souvenir Cards
Write For List
Theodore Kemm
915 West End Avenue ❑ New York, NY 10025
standard catalog of fifth edition
WORLD PAPER MONEY
by world paper money authority Albert Pick,
Colin R. Bruce II and Neil Shafer, Editors
Volume I, Specialized Issues
Volume II, General Issues
Each Volume $45.00
Plus $2.50 postage and handling (addresses outside the
U.S. send $4.50 for postage and handling).
Available from your favorite paper
money/coin dealer or directly from the
publisher. Order your copy(ies) today!
( ,jpublications
700 East State St. Iola, WI 54990
Offer expires Dec. 31, 1988
Credit Card Orders
call toll-free
800-258-0929
Department FFE 8am — 5 pm CST
For ordering only. All non-ordering callers and Wisconsin
residents, please use our regular business line.
715-445-2214.
Page 130
Paper Money Whole No. 136
THE HOBBY'S STANDARD
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That's why Albert Pick's 5th Edition Standard Catalog of
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Volume I is a virtual "encyclopedia" of special commercial and
restricted circulation notes — the most complete work on the subject
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previous edition, the largest ever listing of government issue legal
tender paper money worldwide.
With more than 100,000 market valuations in up to three grades,
250+ years of worldwide coverage, over 37,000 unduplicated note
values and more than 17,000 illustrations throughout 2016 pages, the
Standard Catalog of World Paper Money volumes remain the
current — and enduring — standard of excellence among paper
money reference works.
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FRIENDS OF FINANCIAL HISTORY $25 $45 $60 $30 $55 $75
COMBINED SUBSCRIPTION $70 $120 $160 $85 $150 $195
26 Broadway
New York, NY 10004
Toll-Free 800-622-1880
NY residents
call 212-943-1880
Paper Money Whole No. 136
Page 131
WANTED BUYING WANTED
We are especially anxious to purchase the following UNITED STATES NOTES for the personal collection of
AUBREY AND ADELINE BEBEE. The acquisition of any of these scarce notes will bring our outstanding
paper money collection nearer to completion. We would be grateful for any notes that you could send us in
the grades specified. Please send notes. indicating the prices desired or for our Top Cash offer. A quick,
pleasant deal is always assured you at BEBEE'S.
GOLD CERTIFICATES — AU TO UNC.
1882 $50 Large Rsd Seal. FR. 1191
1882 $100 Large Red Seal. FR. 1204
1882 $100 Brown Seal. FR. 1203
1882 $100 Lg. Brown Seal. FR. 1205
SILVER CERTIFICATES
1880 $1,000 FR. 346B/D AU to UNC.
1891 $1,000 FR. 346E VF to UNC.
1899 $1, #11111111; 22222222,
#77777777; 88888888 UNC.
1882 $5.00 NATIONAL BROWN BACK NOTES
BEBEE'S is paying $600 to as high as $2,000 — depending on
Rarity and Grade — for the following 1882 $5 Brown
Back Nationals:
ALABAMA ARIZONA - ARKANSAS - CALIFORNIA - COL-
ORADO - FLORIDA - IDAHO - MARYLAND - MISSISSIPPI -
MONTANA - NEVADA - NEW MEXICO - NORTH DAKOTA -
RHODE ISLAND - SOUTH DAKOTA - WYOMING. AU to UNC .
TERRITORIAL NATIONALS
1882 $5 ARIZONA - IDAHO - WYOMING. AU to UNC.
(Second Choices: Other Denom., Grades.)
We are also paying TOP IMMEDIATE CASH prices for Double-Denomination Notes, Other Territorials,
Rare Large-Size Nationals, No. 1 & Star Notes, and Uncut Sheets (4 & 12). Please give us a try — BEBEE's
has been a leading specialist in U.S. Paper Money since 1941.
AUBREY & ADELINE BEBEE
P.O. Box 4290, Omaha, NE 68104 • (402) 558-0277
tiantt tlt 6uniiirrcr
9,JA-1.0 1,1 a Sell Your Coins & Currency
,• To The Highest BidderLa'
NASCA Auctions reach the nation's most important collectors of U.S. and International Coins, Currency, Stocks & Bonds,
Autographs. Medals. Tokens, and Related Items. Consigning is easy. Immediate cash advances are readily available.
Accepting Consignments Now For These Auctions:
JUNE 1988, MEMPHIS INTERNATIONAL
A major offering of STOCKS, BONDS & RELATED ITEMS.
Closes April 15, 1988.
EIGHTEEN PENCE.
IIIIIISZEION....
--'. eir It4,191E ,:,,,.. ,.0 '
71. BLOM 11EL MT,. ,13II.-
JUNE 1989 & 1900, MEMPHIS. Major public auctions to be
held in conjunction with BOTH the 1989 & 1990 MEMPHIS
INTERNATIONAL PAPER MONEY SHOWS! Plan ahead.
Space will be at a premium it both catalogues which will
feature FULL COLOR photography. U.S. & INTERNATIONAL
CURRENCY, STOCKS & BONDS & RELATED ITEMS.
NASCA
Division of R.M. Smythe & Co., Inc.
WANTED
OBSOLETE PAPER MONEY
qrsok
41410#.4 rf9Fr7r00:,
r
(Bank Notes, Script, Warrants, Drafts
of the AMERICAN WEST
Oregon, California, Idaho, Nevada,
Arizona, Utah, Montana, New Mexico,
Colorado, Dakota, Deseret, Indian,
Jefferson Territories!
Cash paid, or fine Obsolete Paper traded.
Have Proof notes from most states, individual rarities, seldom
seen denominationals, Kirtlands, topicals; Colonial, Continental;
CSA, Southern States notes and bonds. Also have duplicate West-
ern rarities for advantageous trade.
JOHN J. FORD, JR.
P.O. BOX 10317, PHOENIX, AZ 85064
BUYING AND SELLING
CSA and Obsolete Notes
CSA Bonds, Stocks & Financial Items
Extensive Catalog for $2.00,
Refundable With Order
ANA-LM
SCNA
PCDA
HUGH SHULL
P.O. Box 712 / Leesville, SC 29070 / (803) 532-6747
SPMC-LM
BRNA
FUN
Page 132
Paper Money Whole No. 136
orA,,,,,,. EARLY,.. - ,.
c, 4. 6 ',.,.
'I 'k AMERICAN
,....„.
t. NUMISMATICS-N.
.„.,....- *619-273-3566
COLONIAL &
CONTINENTAL
CURRENCY
SPECIALIZING EV: SERVICES:
❑ Colonial Coins ❑ Portfolio
❑ Colonial Currency Development
❑ Rare & Choice Type ❑ Major Show ❑ EARLY
Coins Coverage
❑ Pre-1800 Fiscal Paper ❑ Auction
❑ Encased Postage Stamps Attendance ■ P.O.
Members: Life
We maintain the
LARGEST
ACTIVE INVENTORY
IN THE WORLD!
o
■
SEND US YOUR
WANT LISTS.
FREE PRICE
LISTS AVAILABLE.
AMERICAN NUMISMATICS
c/o Dana Linett
Box 2442 ■ LaJolla, CA 92038
619-273-3566
ANA, CSNA-EAC, SPMC, FUN, ANACS
THF, BANK OF S1 LOUIS
D.X4Veite* vtizrialtin kmme —
ST. LOUIS, MISSOURI
OBSOLETES AND
NATIONALS WANTED
RONALD HORSTMAN
P.O. BOX 6011
ST. LOUIS, MISSOURI 63139
4F%Wittlemwnir, ,•-lornremaqt.revt:Nkiwli3Oz,& i
SI.Lonis Ita it h.
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
•
Uit4 /1/\ir1—t) IN C •
P.O. BOX 84 • NANUET, N.Y 10954
BUYING / SELLING: UNCUT SHTS, PROOFS, SCRIP
BARRY WEXLER, Pres. Member: SPMC, ANA, FUN, GENA, CCRT (914) 352-9077
SHING LEE STAMPS & BANK NOTES
POSTAL AUCTION No. 10
for Chinese Bank Notes and Bonds
More than 1000 lots for each Auction held every two to three months. Materials including People's Re-
public and Japanese Occupation Paper Money, Cheques and Bonds ... etc.
— — — Illustrated Catalogue Free on Request — — —
DEALERS/INVESTORS: We have the largest stock of inexpensive Chinese Banknotes of good quality.
Please write for details.
Room 9. 2F Shing Lee Corn. Bldg., 6-12 Wing Kut St., Central, Hong Kong — TEL. 5-8153456
Paper Money Whole No. 136 Page 133
:14
CURRENCY SS III)CIATION
aw Aviv/Aux/a a/dal .110.07.1),7-32) -0420 IX
6ing.S.di bri, Iih 14.4 frarN(s<
•Broken Bank Notes
•Southern State Issues
•Confederate Currency
•Merchant Scrip
•Collections Needed: Buy/Consignment
Approval Service Available— Supply One Dealer
Reference or Your S.P.M.C. Number.
PRICE LIST — Enclose Large Size 22c
Self-Addressed Stamped Envelope.
Topical interests or states collected and desired
collectable grades are helpful if approvals are re-
quested.
DON EMBURY
12321/2 N. GORDON STREET, LOS ANGELES, CA 90038
S.P.M.C. 3791
BUYING and SELLING
PAPER MONEY
U.S., All types
Thousands of Nationals, Large and Small,
Silver Certificates, U.S. Notes, Gold Cer-
tificates, Treasury Notes, Federal Reserve
Notes, Fractional, Continental, Colonial,
Obsoletes, Depression Scrip, Checks,
Stocks, etc.
Foreign Notes from over 250 Countries
Paper Money Books and Supplies
Send us your Want List ... or ...
Ship your material for a fair offer
LOWELL C. HORWEDEL
P.O. BOX 2395
WEST LAFAYETTE, IN 47906
SPMC #2907 ANA LM #1503
Walt Alcott
Numismatics and
Paper Americana
.9t0Vtli.CA
cu. omit suntkr inuttuutoth CIL
.S /Kt. If.
Yellow-Aster Mine Co.
Randsburg, CA, 1902 $22.
California Street Cable Railroad
San Francisco, CA, 1890s $25.
One of each $40.
Stocks • Bonds • Checks • Maps
Engravings • Labels • Etc.
Box 3037 • Quartz Hills, CA 93534
805-942-7105
MEMBER: ANA (LM); SPMC; CSNS; PSNA; PCDA
Oregon Paper Money Exchange
( The CitIFOf 0
. —
0111711iit CiW
OBSOLETES • COLONIALS
STOCK CERTIFICATES & BONDS
CONFEDERATES • OLD CHECKS
NORTHWEST DEPRESSION SCRIP
CURRENT LIST FOR $1.00
— REFUNDABLE —
Ask About Our Upgrading Program
--- WE BUY, TOO ---
Send For Our Catalog Today!
OREGON PAPER MONEY EXCHANGE
6802 S.W. 33rd Place, Portland, OR 97219
(503) 245-3659 (EVES)
Page 134
Paper Money Whole No. 136
e)1131#94 ANT* I 401. CANI114C431 , ., 1 .14111,5 1 0 Y0,
'Ca
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 1296P
LEWISTON, NY 14092-1296
(416) 468-2312
LIFE MEMBER A.N.A. #1995 C.N.A. #143 C.P.M.S. #11
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
BANKS
1868 UNION NATIONAL BANK
(Philadelphia) $75
Black/White Capital Stock certificate with several
attractive vignettes. One of the very few engraved
banking stocks, from the American Bank Note
Company. Pen-cancelled, otherwise in VF +
condition.
Our Current BANK
listing includes more than 3 dozen Bank stocks, from
1812 to 1933, many with vignettes by the major bank
note companies of the 19th century. Call or write today
and ask for our BANK listing, or for our general catalogue
of more than 150 stocks and bonds.
CENTENNIAL DOCUMENTS
P.O. Box 5262, Clinton, NJ 08809
(201) 730-6009
Million Dollar
Buying Spree
Nationals MPC
Currency:
FractionalLg. & Sm. Type
Obsolete Foreign
Stocks • Bonds • Checks • Coins
Stamps • Gold • Silver
Platinum • Antique Watches
Political Items • Postcards
Baseball Cards • Masonic Items
Hummels • Doultons
Nearly Everything Collectible
COIN
SHOP
EST. 1960 INC
„ its olio • t. gal.(
399 S. State Street - Westerville, OH 43081
1-614-882-3937
1-800-848-3966 outside Ohio
7"-
Life Member
SEND
FOR
OUR
COMPLETE
PRICE
LIST
FREE
Paper Money Whole No. 136
Page 135
Page 136 Paper Money Whole No. 136
. ippr
,, •
WE ARE ALWAYS
BUYING
■ FRACTIONAL CURRENCY
■ ENCASED POSTAGE
■ LARGE SIZE CURRENCY
■ COLONIAL CURRENCY
WRITE, CALL OR SHIP:
•
TIOTIAIL-To)
rCa-NM
LEN and JEAN GLAZER
(718) 268.3221
POST OFFICE BOX 111
FOREST HILLS, N.Y. 11375
'•141 1 1111110111 1 .3or _
" 4
1.1"Cr.\vote \ ).1‘.u).s.f
$ i ( (4.1.1( I( /RS
rr
(7.!
are caz.-
Charter Member
PROFESSIO
UMISMATIsis
;u1LD•INc
ORDERING INSTRUCTIONS
1. Orders for currency under $250.00, $2.00 postage please.
2. All items two week return in original holders, undamaged.
3. Mass. residents must include 5% sales tax. Inc
4. Twenty-four hour answering machine when not in. Feel free to call and reserve your notes. *ME
5. Personal checks must clear, money orders and bank checks get fast service.
6. Second choices will be used only if first item is sold.
7. We can offer a layaway plan on larger purchases.
liMastierneorc11
Min. Order On Cards
$50 Please
Charter Member
)c SOCIETY
.0 PkIllIgIONEN
(OLLECCORS
,
in/ 7M47.
LM-w49
unw, PaWk•Oon.
LIBRARY
Dave Bowers has always said buy the book first, and he became president of A.N.A. Maybe now is the time for you to buy the book,
and who knows, you might replace Reagan!
COLONIAL
1. The Early Paper Money of America by Eric Newman, First Edition,
one copy only, hard to find $29.50 + 1.00
2. The Early Paper Money of America by Eric Newman, Second Edition, the Bi-
ble for colonial currency 24.50 + 1.50
TYPE NOTE
3. Standard Catalog of United States Paper Money by Krause & Lemke, First
Edition, new, never opened, one copy only 15.00 + 1.00
4. Standard Catalog of United States Paper, Fourth Edition, the current edition
and great as it includes rarity of national banks by charter # 14.00 + 1.00
5. Paper Money of the United States, 11th Edition by Robert Friedberg, a
necessity to any collector 17.50 + 1.50
6. Paper Money of the U.S. by Robert Friedberg, Second Edition (1955), one
copy only 30.00 + 1.50
7. Paper Money of the U.S. by Robert Friedberg, Third Edition (1959), one copy
only 25.00 + 1.50
8. Paper Money of the U.S. by Robert Friedberg, Fourth Edition (1962), one copy
only 20.00 + 1.50
9. Paper Money of the U.S. by Robert Friedberg, Fifth Edition (1964), one copy
only 20.00 + 1.50
10. Handbook of Large Size Star Notes 1910-1929 by Doug Murray, a good book
to have! 14.95 + 1.00
NATIONAL CURRENCY
11. National Bank Notes, a guide with prices by Kelly, a must book! 2nd Edition
36.00 + 1.50
12. Standard Catalog of National Bank Notes by Hickman & Oakes, a wealth of
information 70.00 + 2.50
13. Territorials, a guide to U.S. territorial national bank notes by Huntoon
13.50 + 1.50
14. The National Bank Note Issues of 1929-1935 by M.O. Warns, one copy only
19.50 + 1.50
15. Charter Number Two, the centennial history of the First New Haven National
Bank (Connecticut) 1963, one copy only 11.95 + 1.25
16. Nevada Sixteen National Banks and their Mining Camps, a wonderful book
full of history, M.O. Warns, SPECIAL 35.00 + 2.00
CONFEDERATE
17. Confederate and Southern States Currency,
(1976 Edition) by Criswell 2 copies available, 35.00 + 1.00
18. Confederate and Southern States Bonds, by Criswell, 2nd Edition
14.95 + 1.00
FRACTIONAL CURRENCY
23. Encyclopedia of Unifed States Fractional and Postal Currency, Milton
Friedberg, the book for the real into on fractional, out of print and hard to
find! 19.00 + 1.00
24. A Guide Book of U.S. Fractional Currency by Matt Rothert (1963), the first I
have had for sale, one copy only 9 95 + .50
OBSOLETE CURRENCY
26. ALABAMA - Alabama Obsolete Notes and Scrip, by Rosene
13.50 + 1.50
27. ARKANSAS - Arkansas Obsolete Notes and Scrip, by Rothert, a great book
17.00 + 1.50
28. COLORADO - Colorado Territorial Scrip by Mumey Wanted
29. DEPRESSION - Standard Catalog of Depression Scrip of the United
States, by Mitchell & Shafer, a well done new item 21.50 + 1.50
30. FLORIDA Florida Obsolete Notes & Scrip, by Freeman Wanted
31. FLORIDA - Illustrated History of Florida Paper Money by Cassidy, now out
of print! 29.95 + 1.50
32. INDIAN TERRITORY - Indian Territory and Oklahoma Obsolete Notes and
Scrip by Burgett, Kansas Obsolete Notes and Scrip by Steven Whitfield, two
books in one 13.50 + 1.50
33. INDIANA - Obsolete Notes and Scrip by Wolka, Vorhies & Schramm
13.50 + 1.50
34. IOWA - Iowa Obsolete Notes and Scrip by Oakes 13.50 + 1.50
35. MAINE - Maine Obsolete Notes & Scrip by Wait 13.50 + 1.50
36. MICHIGAN - Obsolete Banknotes & Early Scrip by Bowen, hard cover
reprint by Durst 39.50 + 1.50
37. MICHIGAN - Obsolete Banknotes by Bowen, the original book, a
collector's item, one copy only 50.00 + 1.50
39. MINNESOTA - Minnesota Obsolete Notes & Scrip by Rockholt
13.50 + 1.50
40. MISSISSIPPI - Mississippi Obsolete Notes and Scrip by Loggatt, out of
print and very hard to find! 27.95 + 1.50
MORMAN - See #54
41. NEBRASKA - Territorial Banking in Nebraska by Owen 7.95 + .50
42. NEBRASKA - A History of Nebraska Paper Money & Banking by Walton
Wanted
43. NEW ENGLAND - The Obsolete Bank Notes of New England by Wismer -
Quarterman reprint, one copy 22.00 + 1.00
44. NEW JERSEY - New Jersey's Money by Wait 16.50 + 2.50
45. NEW YORK - Obsolete Bank Notes of New York by Wismer, Durst reprint
17.95 + 1.00
46. NORTH CAROLINA - Obsolete Bank Notes of North Carolina by Pennell,
Durst reprint 795 + .75
47. OHIO - Obsolete Bank Notes of Ohio by D.C. Wismer, Durst reprint
8.95 + .75
OKLAHOMA - See #32
48. PENNSYLVANIA - Obsolete Bank Notes of Pennsylvania by Wismer, Durst
reprint 11.95 + .75
49. PENNSYLVANIA Obsolete Notes and Scrip by Hoober 30.00 + 1.75
50. RHODE ISLAND - Obsolete Notes and Scrip of Rhode Island and the Pro-
vidence Plantations, by Durand 20.00 + 1.50
51. SOUTH CAROLINA - South Carolina Obsolete Notes by Austin Sheeheen
Jr., a hard to find super book 14.95 + 1.00
52. TENNESSEE - The History of Early Tennessee Banks by Garland
29.50 + 2.00
53. TEXAS - Obsolete Notes & Scrip by Medlar, out of print, rare 26.00 + 1.50
54. UTAH - Mormon and Utah Coin & Currency by Rust, every note pictured
with values 30.00 + 1.50
55. VERMONT - Obsolete Notes & Scrip by Colter, out of print SPECIAL
19.95 + 1.50
56. VIRGINIA - The Obsolete Paper Money of Virginia Volume I by Affleck, this
book covers scrip issues Wanted
57. VIRGINIA - The Obsolete Paper Money of Virginia Volume II by Affleck, this
book cover banknotes, out of print 25.00 + 2.00
60. COUNTERFEIT DETECTER - Hodge's American Bank Note Safe Guard,
reprint of 1865 edition, one copy only 25.00 + 1.50
The second number after price is for postage & handling with a $5.00 maximum.
IMPROVED MYLAR "D" CURRENCY HOLDERS
For the last year I have sold these; they are increasingly dominating the market. These are the finest for your notes.
PRICED AS FOLLOWS
Size Inches 50 100 500 1000
Fractional 4-314 x 2-3/4 11.50 20.50 92.50 168.00
Colonial 5-1/2 x 3-3/16 12.50 22.50 102.00 185.00
Sm. Curr 6-5/8 x 2-7/8 12.75 23.50 105.00 194.00
Lg. Curr 7-7/8 x 3-3/8 14.75 26.75 121.75 221.50
Checks 9-5/8 x 4-1/4 18.50 33.75 152.50 277.00
Shipping is included in the U.S.A.
You may batch up your needs to get best price (25 minimum one-size). Samples one of each $2 (5 different size
holders) plus 22c postage.
LM-5773
DENLY'S OF BOSTON P.O. BOX 1P
01-1 0-NBE: (617) 4877
BOSTO
2- 4
N, MA 02205 '*"
As a seller, this method
gives you the opportunity
to get the full market
price without the "in"
dealers short-circuiting the
bidding, as so often is
seen at public auction
sales.
Our currency auctions were
the first to use the Sealed
Mail Bid System, which gives
you, the bidder and ultimate
buyer, the utmost chance to
buy a note at a price you
want to pay with no one
looking over your shoulder.
Purveyors of National Bank Notes & U.S.
Currency to the collecting
fraternity for over 20 years:
7"-fiC*
111L-s-c-2 trOla
a kuctionc,inc.
Wth 34 sales behind us, we look forward to a great 1988 for all currency hobbyists as well as our mail bid and
floor auctions. We have had the pleasure of selling several great notes during the past year at prices for single notes
above $30,000 with total sales of an auction in the $250,000 area. Currency collecting is alive and well. If you have
currency, a single rarity, or an entire collection, now is the time to consign. Our sales will give you the pulse of the
market. Currency collecting is alive and well.
Our next auction is scheduled for June in Memphis. Our November auction will be held in St. Louis with the Pro-
fessional Currency Dealers Assoc. convention. There will be hundreds of lots of U.S. and national currency. Join
others in experiencing the true market between buyer and seller at a Hickman-Oakes auction. Write, or call
319-338-1144 today!
As a seller: Our commission rate is 15% and down to 5% (depending on value of the lot) with no lot charge, no
photo charge, in fact no other charges.
As a buyer: When bidding and winning lots in our auctions you are charged a 5% buyers fee. As a subscriber
you receive at least 4 auction catalogs and prices realized after the sale, plus any price lists we put out, and all by 1st
class mail. If you send us $8 now, we will send you the June Memphis convention auction catalogue and prices rea-
lized plus our other auction catalogues and price lists through June of 1989. Send $8.00 now, you won't be sorry.
Dean Oakes
Drawer 1456 Plod Cit Iowa 52240
I .e_ 4116.
John Hickman
319-338-1141