0 VOL. XXXII No. 6 WHOLE No. 168 Nov/DEc 1993 WILLIAM McKINLEY Do You Collect Paper Money or Stocks & Bonds? NIII ; 311 ••,•• • SHAMOI(I ens 13r...11.■ rartmc... ■ 53, 'Mr3,/ • 628580466E (0' ***********************77;;;;=*** R.M. Smythe & Co. Auctions reach the most important collectors & dealers in U.S. & International Currency, Coins, Stocks & Bonds, Autographs, Ex- onumia & related material. Call today or send for our free color brochure describing the wide range of specialized and personal services we offer. BUYING ALL U.S. PAPER MONEY & STOCKS AND BONDS CALL OR WRITE For Our Latest Price List Of Stocks & Bonds! ************************************** BUYING ■ Obsolete, Confederate, Colonial and Federal Currency ■ Antique Stock & Bond Certificates ■ Rare Autographs We will purchase your material outright if you desire. Call or write today. 26 Broadway Suite 271 New York, NY 10004-1701 ESTABI.I9HED 11-~4“ TOLL FREE 800-622-1880 NY 212-943-1880 FAX: 212-908-4047 E=M MEMBER AN INDEX TO PAPER MONEY VOLUME 32, 1993 Nos. 163-168 No. Bauman, K.S. Page Researching national banks and bank notes, No. Page Numisart—an approach, illus 165 101 illus. 168 184 Bolin, Benny Secretary of the treasury and (later) chief Collecting branch signatures of the Bank of justice of the U.S., Fred M. Vinson, illus. . 163 3 the State of South Carolina, illus. 164 67 FRACTIONAL CURRENCY Clark, Frank The story of "Cranky Tom" Hale, illus. Bob Playboy changes stock certificate vignette, illus. 164 49 Cochran 165 86 CONFEDERATE (see Counterfeits) Friedberg, Milton R. Cochran, Bob Catalog of enveloped postage, illus. 168 188 A (saw) buck is a (saw) buck, illus. 163 29 Grant, David Bank happenings 164 66 The Banker's World Fair National Bank of St. 167 165 Louis, illus. 163 18 The "Spuriscope," illus 167 160 Hatfield, Robert D. The story of "Cranky Tom" Hale, illus 165 86 What is a "bank" 165 89 The unwelcome guest, illus. 163 14 Hessler, Gene COUNTERFEITS Armandina Lozano (engraver), illus 165 83 Counterfeits of the Confederate "indian Clarence Kelker Young, letter engraver 164 69 family" note, illus. Brent Hughes 163 6 Charles Schlecht's Minerva, illus. 167 158 Counterfeits of the type 20 Confederate note, illus. Brent Hughes 168 179 Some currency models and their engravers, illus. 166 124 Frank Leslie's Confederate note, illus. 165 90 The buck starts here 166 133 Jacob Ott, champion printer of counterfeit 167 148 currency, Brent Hughes 163 12 168 199 Pete McCartney, counterfeiter, part I, illus. 163 22 Hughes, Brent Another Confederate contract printer?, illus. .. 166 128 part II, illus 164 43 Counterfeits of the Confederate "indian Thomas F. Eagan 163 22 family" note, illus 163 6 Some counterfeits of the clipper ship and Counterfeits of the type 20 Confederate note. sailor Confederate note, illus. Brent illus. 168 179 Hughes 167 149 Frank Leslie's Confederate note, illus. 165 90 The nearly perfect counterfeit note, illus. Brent Jacob Ott, champion printer of counterfeit Hughes 164 51 currency 163 12 The "Spuriscope," illus. B. Cochran 167 160 Some counterfeits of the clipper ship and The story of "Cranky Tom" Hale, illus. Bob sailor Confederate note, illus 167 149 Cochran 165 86 The nearly perfect counterfeit note, illus. 164 51 Daniel, Forrest W. Huntoon, Peter Green goods game 164 68 Brown backs, a cheap and open design, illus. . 167 147 166 127 The paper column Money tales 164 168 54 203 Arizona, series of 1929 national bank notes, illus. 164 55 Post Office Department drafts for Engraved and overprinted signatures on series transportation, illus 164 65 of 1902 national bank notes, illus. 168 200 The paper money laundry, illus 165 97 Matched series dates and charter numbers on Eagan, Thomas F. national bank notes, illus 163 10 Pete McCartney, counterfeiter, part I, illus 163 22 National bank note sheets with bank serial Pete McCartney, counterfeiter, part II, illus. .. 164 43 number 1000000, illus. 165 100 Ellenbogen, Raphael The original series national bank note part A syngraphic treasure, illus 164 49 plate printings of 1873-1875, illus 166 115 How to display your precious notes, illus. .... 167 153 Lloyd, Robert ENGRAVERS, ENGRAVING & PRINTING Syngraphic vignettes 165 103 Armandina Lozano, illus. Gene Hessler 165 83 167 165 Clarence Kelker Young, letter engraver, Gene MILITARY PAYMENT CERTIFICATES Hessler 164 69 Some currency models and their engravers, Intaglio "spider" hand press 166 130 illus. G. Hessler 166 124 Fawcett, Waldon NEW LITERATURE Laundering our paper money, illus 165 95 A catalog of Nevada checks, D. McDonald 168 206 Fisher, Jack H. Collecting paper money for pleasure & profit, B. Carmi A. Thompson, illus. 166 120 Krause 164 74 No. Page Collecting world paper money, Lance Campbell 168 206 Confederate and Southern States currency, G. Criswell 165 105 Confederate states paper money, A. Slabaugh 167 167 Owning Western history, a guide to collecting, A.A. Anderson 166 137 Territorial Florida banks & banking, C. Gresham . 166 137 The comprehensive catalog of U.S. paper money, G. Hessler 164 74 The wonderful world of paper money, N. Shafer 163 30 Oakes, Dean Iowa obsolete notes and scrip, illus. 168 192 OBSOLETE NOTES & SCRIP Collecting branch signatures of the Bank of the State of South Carolina, illus. Benny Bolin 164 67 Iowa obsolete notes and scrip, illus. Dean Oakes 168 192 The buck starts here, illus. Gene Hessler 167 148 168 199 POSTAL NOTES The first and last postal notes 1883-1894, illus. Charles Surasky 167 154 Remick, Jerry Collecting one bank note from each country 166 131 STOCK CERTIFICATES & BONDS Charles Schlecht's Minerva, illus. Gene Hessler 167 158 Playboy changes stock certificate vignette, illus Frank Clark 164 49 Surasky, Charles The first and last postal notes 1883-1894, illus. 167 154 U.S. LARGE-SIZE NOTES Carmi A. Thompson, illus. Jack H. Fisher 166 120 The paper money laundry, illus. Forrest W. Daniel 165 97 U.S. NATIONAL BANK NOTES Researching national banks and bank notes, illus. Jack H. Fisher 168 184 The Banker's World Fair National Bank of St. Louis, illus. David Grant 163 18 The paper column (see Peter Huntoon) WORLD PAPER MONEY Collect one bank note from each country, Jerry Remick 166 131 Some currency models and their engravers, illus. G. Hessler 166 124 SOCIETY OF PAPER MONEY COLLECTORS Award winners at ANA 167 169 No. Page Award winners at Memphis 167 169 New members of the SPMC board 165 105 Editor's corner 164 72 In memoriam Hank Bieciuk 163 30 George Cole 166 137 James J. Curto 166 137 Dr. Darryl Kinnison 167 169 C. Dale Lyon 164 70 M. Clay Perdue 166 137 Robert H.L. Russell 166 137 Meet your charter members 163 31 164 75 165 104 167 166 168 206 New members 163 32 164 73 165 106 167 170 168 208 Noted & passed 163 30 165 104 166 134 Notes from all over 167 166 168 204 SPMC Statement of operations 168 204 NOW AVAILABLE SPMC member Bob Cochran has generated a listing of all known counterfeit national bank notes reported between 1863 and 1935. Included are First, Second and Third Charter notes, and, for the first time, a listing of reported Series 1929 counterfeits. The listing is organized by denomination, and alphabeti- cally by state within each denomination. Each note listed is described as it was in the original published source. The listing is bound securely, so you can easily take it with you to shows and meetings. If you've ever been "stuck" with a note you thought was genuine, this booklet could easily pay for itself in just one transaction. The price of each booklet is $9.95, which includes first-class postage. All proceeds from the sale of these booklets go to the Society of Paper Money Collectors. Make checks payable to SPMC, and mail to: Bob Cochran, PO Box 1085, Florissant, MO 63031. IMPORTANT ANNOUNCEMENT SPMC is implementing a change in the delivery of Paper Money. This change now means that it is more important than ever for members to notify the Secretary if their address changes. We no longer guarantee to pay the return postage charges if the Postal Service cannot deliver Paper Money. SPMC members will have a MAXIMUM of 60 days after an address change to notify the Secretary of their new address. Any members who fail to send in an address change may miss delivery of one or more issues of Paper Money. Since SPMC will no longer pay the return postage, the Postal Service will throw away copies of Paper Money they cannot deliver. If a member moves and does not leave a forwarding address within 60 days, and that member misses an issue of Paper Money, SPMC will NOT furnish a replacement copy for free. The member will be required to pay $3.75 for the first replacement copy. If the Secretary receives a "No Forwarding Address" for any member, mailings of Paper Money to that member will be suspended until the member contacts SPMC. Remember: You pay your annual dues IN ADVANCE. If you miss an issue of Paper Money, it's your fault or that of the Postal Service. It's in YOUR best interests to notify the Secretary if your address changes. It would be really nice if you could give SPMC at least 4 weeks advance notice. AS IN THE PAST, SPMC WILL NOT - REPEAT, NOT - RECORD TEMPORARY ADDRESS CHANGES! IF YOU SPEND THE SUMMER UP NORTH AND THE WINTER DOWN SOUTH, PLEASE ARRANGE TO HAVE YOUR MAIL PICKED UP AND HELD FOR YOU, OR HAVE YOUR MAIL PICKED UP AND FORWARDED TO YOUR TEMPORARY ADDRESS. REMEMBER, I WON'T BE GETTING YOUR ISSUES BACK ANY MORE. IF THEY'RE THROWN AWAY BY THE POSTAL SERVICE, YOU'LL HAVE TO BUY REPLACEMENTS! If you have any questions or concerns about this new policy, please contact the Secretary as soon as possible. I've spent quite a bit of time over the past 7+ years "tracking down" members who move and expect SPMC to find them. The members who do this cost the rest of us several hundred dollars in postage charges each year, and we shouldn't be holding their hands anymore. Anyone who can't take 2 minutes to fill out an address change on a 19-cent postcard and send it to SPMC doesn't deserve any sympathy or extra effort. Bob Cochran Secretary, SPMC P.O. Box 1085 Florissant, MO 63031 Official Bimonthly Publication of The Society of Paper Money Collectors, Inc. Vol. XXXII No. 6 Whole No. 168 NOV/DEC 1993 ISSN 0031-1162 GENE HESSLER, Editor P.O. Box 8147 St. Louis, MO 63156 Manuscripts, not under consideration elsewhere, and publications for review should be addressed to the Editor. Opinions expressed by the authors are their own and do not necessarily reflect those of the SPMC or its staff. PAPER MONEY reserves the right to reject any copy. Manuscripts that are accepted will be published as soon as pos- sible. However, publication in a specific issue cannot be guaranteed. IN THIS ISSUE COUNTERFEITS OF THE TYPE 20 CONFEDERATE NOTE Brent Hughes 179 RESEARCHING NATIONAL BANKS AND BANK NOTES Jack H. Fisher 184 CATALOG OF ENVELOPED POSTAGE Milton R. Friedberg 188 IOWA OBSOI,ETE NOTES AND SCRIP Dean Oakes 192 THE BUCK STARTS HERE: A PRIMER FOR COLLECTORS Gene Hessler 199 THE PAPER COLUMN ENGRAVED AND OVERPRINTED SIGNATURES ON SERIES OF 1902 NATIONAL BANK NOTES 200 MONEY TALES Forrest W. Daniel 203 SOCIETY FEATURES NOTES FROM ALL OVER 204 SPMC STATEMENT OF OPERATIONS 204 MEET YOUR CHARTER MEMBERS 206 NEW LITERATURE 206 CALL FOR NOMINATIONS 207 NEW MEMBERS 208 MONEY MART 208 ON THE COVER: William McKinley, 25th President of the United States was born 150 years ago on January 29th. This portrait was engraved by G.F.C. Smillie. of this issue contact the Secretary; the address is on the next page. Inquiries concerning non-delivery of PAPER MONEY and for additional copies S()CIETY OF PAPER IONS): COLLECTORS I NC. Paper Money Whole No. 168 Page 177 PAPER MONEY is published every other month beginning in January by The Society of Paper Money Collectors. Second class postage paid at Dover, DE 19901. Postmaster send address changes to: Bob Cochran, Secretary, P.O. Box 1085, Florissant, MO 63031. 0 Society of Paper Money Collectors, Inc., 1993. All rights reserved. Reproduction of any article, in whole or in part, without ex- press written permission, is prohibited. Individual copies of this issue of PAPER MONEY are available from the Secretary for $2.75 each plus $1 postage. Five or more copies are sent postage free. ADVERTISING RATES SPACE Outside 1 TIME 3 TIMES 6 TIMES Back Cover $152 $420 $825 Inside Front & Back Cover $145 $405 $798 Full Page $140 $395 $775 Half-page $75 $200 $390 Quarter-page $38 $105 $198 Eighth-page $20 $55 $105 To keep rates at a minimum, advertising must be prepaid in advance according to the above sched- ule. In exceptional cases where special artwork or extra typing are required, the advertiser will be no- tified and billed extra for them accordingly. Rates are not commissionable. Proofs are not supplied. Deadline: Copy must be in the editorial office no later than the 1st of the month preceding issue (e.g., Feb. 1 for March/April issue). With advance notice, camera-ready copy will be accepted up to three weeks later. Mechanical Requirements: Full page 42-57 picas; half-page may be either vertical or horizontal in format. Single column width, 20 picas. Halftones acceptable, but not mats or stereos. Page position may be requested but cannot be guaranteed. Advertising copy shall be restricted to paper cur- rency and allied numismatic material and publi- cations and accessories related thereto. SPMC does not guarantee advertisements but accepts copy in good faith, reserving the right to reject objection- able material or edit any copy. SPMC assumes no financial responsibility for typographical errors in advertisements, but agrees to reprint that portion of an advertisement in which typographical error should occur upon prompt notification of such error. All advertising copy and correspondence should be sent to the Editor. SOCIETY OF PAPER MONEY COLLECTORS OFFICERS PRESIDENT JUDITH MURPHY, P.O. Box 24056, Winston Salem, NC 27114 VICE-PRESIDENT DEAN OAKES, Drawer 1456, Iowa City, IA 52240 SECRETARY ROBERT COCHRAN, P.O. Box 1085, Florissant, MO 63031 TREASURER TIM KYZIVAT, P.O. Box 803, LaGrange, IL 60525 APPOINTEES EDITOR GENE HESSLER, P.O. Box 8147, St. Louis, MO 63156 MEMBERSHIP DIRECTOR RON HORSTMAN, Box 2999, Leslie, MO 63056 WISMER BOOK PROJECT STEVEN K. WHITFIELD, 14092 W. 115th St., Olathe, KS 66062 LEGAL COUNSEL ROBERT J. GALIETTE, 10 Wilcox Lane, Avon, CT 06001 LIBRARIAN To be appointed. PAST-PRESIDENT AUSTIN M. SHEHEEN Jr., P.O. Box 428, Camden, SC 29020 BOARD OF GOVERNORS FRANK CLARK„ P.O. Box 117060, Carrollton, TX 75011 CHARLES COLVER, 611 N. Banna Avenue, Covina, CA 91724 MICHAEL CRABB, Jr., P.O. Box 17871, Memphis, TN 38187-0871 C. JOHN FERRERI, P.O. Box 33, Storrs, CT 06268 MILTON R. FRIEDBERG, Suite 203, 30799 Pinetree Rd., Cleve- land, OH 44124 GENE HESSLER, P.O. Box 8147, St. Louis, MO 63156 RON HORSTMAN, Box 2999, Leslie, MO 63056 JOHN JACKSON, P.O. Box 4629, Warren, NJ 07059 ROBERT R. MOON, P.O. Box 81, Kinderhook, NY 12106 WILLIAM F. MROSS, P.O. Box 21, Racine, WI 53401 STEPHEN TAYLOR, 70 West View Avenue, Dover, DE 19901 WENDELL W. WOLKA, P.O. Box 569, Dublin, OH 43017 The Society of Paper Money Collectors was organized in 1961 and incorporated in 1964 as a non-profit organiza- tion under the laws of the District of Columbia. It is affiliated with the American Numismatic Association. The annual meeting is held at the Memphis IPMS in June. MEMBERSHIP—REGULAR and LIFE. Applicants must be at least 18 years of age and of good moral character. JUNIOR. Applicants must be from 12 to 18 years of age and of good moral character. Their application must be signed by a parent or guardian. They will be preceded by the letter "j". This letter will be removed upon notification to the secretary that the member has reached 18 years of age. Junior members are not eligible to hold office or vote. Members of the ANA or other recognized numismatic societies are eligible for membership. Other applicants should be sponsored by an SMPC member or provide suitable references. DUES—Annual dues are $20. Members in Canada and Mexico should add $5 to cover additional postage; members throughout the rest of the world add $10. Life membership, payable in installments within one year, is $300. Members who join the Society prior to Oct. 1st re- ceive the magazines already issued in the year in which they join. Members who join after Oct. 1st will have their dues paid through December of the following year. They will also receive, as a bonus, a copy of the magazine issued in November of the year in which they joined. BUYING and SELLING CSA and Obsolete Notes CSA Bonds, Stocks & Financial Items Extensive Catalog for $3.00, Refundable With Order ANA-LM SCNA PC DA HUGH SHULL P.O. Box 712, Leesville, SC 29070 / (803) 532-6747 FAX 803-532-1182 SPMC-LM BRNA FUN Page 178 Paper Money Whole No. 168 Paper Money Whole No. 168 Page 179 C ounterfeits of the Type 20 ONFEDERATE NOTE by BRENT HUGHES Blanton Duncan was the paper money contractor that Confederate Treasury Secretary Christopher Memminger wished he had never met. Shrewd, ar- rogant and overbearing on the one hand, Duncan was efficient and perceptive on the other. To his credit he turned out an enormous amount of cur- rency and bonds under conditions that would have defeated a lesser man. In the process he became a bitter enemy of Memminger and tried his best to destroy him. Dr. Douglas Ball provided a detailed account of Duncan's career in the September 1978 issue of Bank Note Reporter from which I will provide a brief summary. D UNCAN came from a wealthy Kentucky family. With his own money he raised a company of volunteers and offered their services to the Confederacy. He and his men fought in the first battle of Manassas, but Duncan had ambitions beyond the battlefield. Never a shrinking violet, he celebrated his own birthday on July 2, 1861 by sending a check for $500 to Secretary Memminger "for the Southern cause!' Memminger tended to be stingy and this gift impressed him so much that he invited Duncan to drop by his office if he ever came through Richmond. A month later Duncan showed up, and in the ensuing conversation he found the Secretary was in desperate need of paper on which currency could be printed. It was typical of Duncan that he would volunteer to locate the needed paper and he left to go searching. True to his promise he delivered 350,000 sheets of good quality paper from a Tennessee mill. Memminger was pleased and saw an opportunity to introduce some competition for Hoyer & Ludwig, who were charging $15 per thousand sheets to print currency. Duncan accepted the invitation to set up a printing plant in Richmond using printers from England and equip- ment supplied by Memminger. In a short time he began to print notes for $12 per thousand sheets. This pleased Memminger, of course, but made Hoyer & Ludwig most unhappy. Duncan was not an engraver or printer so he had to learn quickly. Charles Ludwig wasn't about to loan Duncan any of his huge stock of vignettes and other design components so the new contractor had to start from scratch with original designs. They were considered ugly by most people who were hoping for something better, but at least they helped solve a critical shortage of paper money among Southern citizens. Dr. Ball pointed out that Duncan had only about twenty employees, yet he turned out thirteen million Confederate notes, 133,000 bonds and a large quantity of other paper items. Unfor- tunately, the use of lithographic stones made it easy for coun- terfeiters to copy Duncan's notes and their products soon began to circulate. All of the currency contractors had severe labor problems caused by drunkenness, fist fights, arson and other bad be- havior on the part of their employees. Duncan waded right in and proved to be tougher than any of his men. He never hesi- tated to have them thrown in jail to sober up, after which he would let them know that they would be released only if they went back to work. Duncan resented civilian authority and made life miserable for Memminger and his staff, especially after the printing plants were moved to Columbia, SC in April 1862. When he was told to move he put on his tailor-made Confederate Army colonel's uniform, hurried to Columbia and confiscated the best building and printing equipment he could find as a "mili- tary necessity!' Thus began a steady stream of problems for Memminger and Joseph Daniel Pope, the civilian in charge of the Treasury-Note Bureau in Columbia. Duncan misdirected shipments consigned to other printers, hid paper supplies in his attic and in general kept things in turmoil. It finally became too much for Memminger, who put Duncan out of business by making it impossible for him to turn a profit. Duncan went down fighting, creating a situation which made Memminger miserable for weeks. Some idea of Duncan's cunning can be gained from an ac- count of his activities when Sherman's army approached Columbia late in the war. Duncan had a beautiful home in Columbia and correctly guessed that Sherman's troops might want to burn it down. He became a member of the official dele- gation that met Sherman's advance troops to surrender the city. Taking one of the Union officers aside, Duncan offered his home as Sherman's headquarters while he was in Columbia. The offer was accepted and Duncan saved his home from burning while dozens of other mansions went up in flames. The subject of this article is the $20 note which Duncan produced, now known as Criswell Type 20—"Industry seated be- hind large '20"1 A detailed description of the genuine note will be followed by all the counterfeits known to me, with details of how they differ from the genuine note. Duncan's engraver had problems doing portraits and his ren- dering of boyish-looking Alexander H. Stephens, the Con- federate Vice-President, was not a good one. Nevertheless, Duncan turned out a total of 2,834,257 of these notes in Rich- mond and Columbia which provided the Treasury Department with a desperately-needed five and a half million dollars. --- SIX MONTHS AFTER THE RATIFICATION OF ATREATY OF PEACE BETWEEN THE CONFEDERATE STATES ----- S-‘" AND THE UNITED STATES', z ENC4' 10-3 0.1 S`' t //r,6 r e DUNCAN eurro+nnott. .Iimite 04) edr rde i SIX MONTHS AFTER THE RATIFICATION DIA LI ..14A › r ) TREATY OF PEACE 9E TWEEN - --r^^^ THE CONFEDERATE STATES 1<7'! THE SNITCH STATES-' f ) rall V*/ TairODULT: agsaatal,O., s;//fiyilk, /i6/ `%'% < Page 180 Paper Money Whole No. 168 THE GENUINE NOTE Criswell Type 20—$20, September 2, 1861 issue. Female figure representing Industry seated behind large "20" and be- tween Cupid and Beehive; A.H. Stephens at left. Female figure representing Hope leaning on an anchor at right. Printed in "First Series", "2 Series" and "3 Series" with printer's name "B. Duncan, Richmond" or "B. Duncan, Columbia, S.C' in lower right corner. The serial number is written in red ink and, like all Confederate notes except the 5011, is personally signed, in this case by Treasury clerks W.F. Caldwell and F.C. Weisiger, in brown ink. The portrait of Stephens is heavily shaded with a severe expression in the eyes and mouth which counterfeiters had difficulty copying. A stone lithograph, the note is typical of those produced by that method of printing. Type 20 Counterfeit Number One This counterfeit is an excellent lithograph which is very deceptive. It was apparently printed in large quantities with the words "FAC SIMILE CONFEDERATE NOTE" on the bottom margin, far enough from the border line to be easily trimmed off. This disclaimer allowed a legitimate printer to turn out such notes without fear of arrest for counterfeiting. The specimen I have was printed with a very light impression in which the lines for the serial number and signatures are barely visible. There are no serial number or signatures present. The easiest way to detect this counterfeit is to lay it on top of a genuine note; this quickly shows that the counterfeit is 5/16" shorter. The only reason for this difference that I can think of is that the paper available may have been too narrow to make it full size. The face of Industry is different, with an obvious part in her hair. The thumb on her left hand is too thin and the flower near her left foot is different in shape. Shading behind Cupid's caduceus is missing and Cupid's face is not round as it is on the genuine. There are fewer staves in the barrel near the anchor in the Hope vignette than there are on the genuine. There is no indication of who printed this note but it must have been produced and sold in the same manner that Sam Upham marketed his copies. It is found with printed signatures with the serial number space left blank. It may have been sold with printed serial numbers also, as many counterfeits were. For that reason one should never make a flat statement that such a note is never found without certain elements. <1,06"T FOfse,;;._ Si MONTHS AFTER THE RATIFICATION OF A TREATY OF PEACE BEI1VEEH',,,, THE CONTE ATE STATES AND THE UNITED S 4\ 4' q A ,FICATION OF A TREATY OF PEACE NETWEEN.----1-;Z:\_. -----S."‘AND THE UNITED.STATES)1, -------- Paper Money Whole No. 168 Page 181 Counterfeiters print shops were often raided and all such notes found in the shop burned immediately. There may have been printers with a legitimate print shop out front and a counterfeiting setup located in the basement or in an- other building concealed from public view. Another situation to avoid is the belief that all counterfeits have been found and that no new discoveries will be made. Many such notes were concealed inside walls of old buildings and every redevelopment project uncovers new items. For that reason collectors should contact the companies in their area that demolish old buildings and offer to buy anything in the currency line that might show up. I have found that this is more fruitful than wandering around aimlessly with a metal locator looking for buried treasure. Needless to say, readers of PAPER MONEY would be in- terested in any currency that you might turn up in this manner. Type 20 Counterfeit Number One-A This is the same counterfeit as the previous one except that the signatures of W. Hancock and A.W. Gray are printed. Someone filled in the serial number 90033 in red ink to make it appear genuine. It was passed into circulation but was quickly detected and mutilated with a heavy "X" made with pen and brown ink, a common method of denoting counter- feits when a rubber stamp was not available. The note is "FIRST SERIES," plate number 6. Since the genuine note with serial number 90033 was signed by clerks J.M. Kinney and E.C. Goddin, we know im- mediately that this note is spurious. This note was listed by Philip Chase as his C1-133 in the counterfeits section of his book Confederate Treasury Notes. I have numerous specimens of this counterfeit, all with the same printed signatures and written serial numbers. One was printed on paper watermarked "J. Whatman," a famous English paper mill. The paper could have been stolen or it could have been bought at auction in a Northern port where cargo seized from Southern ships was sold by Union officials. Type 20 Counterfeit Number Two This is another very deceptive counterfeit shown in Philip Chase's book as his C2-133. It is the same size as the genuine note but has a classic error in that Stephens' shirt front extends too high on the right side. Otherwise the portrait is an Page 182 Paper Money Whole No. 168 excellent copy. The top of the shading over Stephens' head is flattened rather than curved. Hope's eyes appear to be almost crossed. This specimen has forged signatures of D.C. Snyder and J.W. Jones in brown ink and serial number 74835 written in red ink. The Thian Register shows the genuine note with this serial number was signed by Treasury clerks G.N. Warren and H.C. Shook, so we know instantly that the note is not genuine. I have another specimen with serial number 16474 with the same forged signatures of Snyder and Jones. Since the public had no knowledge of the correct serial number/signatures combinations, this was not a problem for counter- feiters who often chose serial numbers at random. Type 20 Counterfeit Number Three This counterfeit has excellent lettering but is easily detected by a major flaw in the portrait of Stephens. On the genuine note there is a defininte cowlick over Stephen's right eye, which most counterfeiters copied. On this note there is no cow- lick at all. The forehead is almost devoid of shading. In fact the entire face is too white. This note is a lithograph on good paper. It has printed signatures of W.B. Walston and T.W. Bell, Treasury clerks who signed thousands of notes. The serial number 26138 is written in red ink. The note has two black-ink "COUNTERFEIT' stamps on the face and two off-set stamps on the back. This indicates that the clerk who did the stamping was marking a large quantity of notes and was stacking them faster than the ink could dry. This happened when a large quantity of counterfeits was seized before being circulated, but in this case the note saw some circulation before being detected. This counterfeit is listed by Chase as his C4-133. Type 20 Counterfeit Number Four I do not have a specimen of this counterfeit in my collection. Philip Chase lists it in his book where he describes it as follows: It is a lithograph like the genuine, with "FIRST SERIES" and plate number 2. The printer's legend at lower right says "B. Duncan, Columbia, S. C' instead of "B. Duncan, Richmond," which appears on most counterfeits. An unusual feature of this note is that it is 1/8" longer than the genuine note, whereas most counterfeits are shorter. Chase lists this note as his C3-133 and does not tell us if the signatures are written or printed, nor does he mention the serial number. He says that the shading is lighter all over the note, particularly so in the background behind the portrait of Stephens. The ornamentation in the corners around the portrait is different from the genuine. Cupid's mouth is also different and other elements in the vignettes are simplified. From the specimens that I have examined or have records of, I would guess that the counterfeits with the "Columbia, S.C' legend are much scarcer than the "Richmond" varieties. If anyone has this counterfeit I invite him to write me at 781 Seay Road, Inman, S.C. 29349 enclosing a photocopy. Such photocopies will enable me to complete my listing. Suitable acknowledgement will be made in PAPER MONEY in a future update. This photograph of Alexander Hamilton Stephens was made in 1867 when he was fifty-five years old. Stephens was a mental giant but a physical weakling. Sickly all his life, he weighed less than 100 pounds and suffered from angina, bladder stones, migraine headaches, pneumonia, arthritis, sciatica and colitis. In his journal he described himself as "a malformed, ill-shaped, half finished thing." In spite of his delicate condition he lived to the ripe old age of seventy- one, quite an accomplishment in those days. Paper Money Whole No. 168 Page 183 Even expert engraver Charles Portrait of Stephens by Blanton Keatinge of Keatinge & Ball could Duncan's engraver. not do much in the way of a portrait of Stephens. All of the engravers tried to make him look more mature even though Stephens himself said that he had always looked "boyish." Portrait of Stephens by Blanton Duncan's engraver. Even expert engraver Charles Keatinge of Keatinge & Ball could not do much in the way of a portrait of Stephens. All of the engravers tried to make him look more mature even though Stephens himself said that he had always looked "boyish." (Continued on page 198) 4igigPOMIEhlqiiKetteggiUZIE.K.90'aMO 0.21=ettlERIO tamitosittnnmssi- P. 1 ,01,2■E 01. * Paper Money Whole No. 168Page 184 Our Heritage in Documents Researching National Banks and Bank Notes by JACK H. FISHER, © 1992 M Y interest in collecting and researching coins, paper money, and stamps extends back to my early child- hood in Kalamazoo, Michigan, where I was fortu- nate to have a city library within one block of my home. I began my research to provide facts and information not avail- able through conventional sources on paper money, coins, cur- rency systems, government and government officials, central banks, private and national banks, legislation, and related sub- jects. Countries of special interest were Canada, the Middle East countries (especially British Palestine [Mandate Period] ), and the United States. I also have many specialized areas of in- terest within these countries: for example, on various notes and note-issuing banks in my home town of Kalamazoo and my second home town of South Haven, Michigan. The authority of these banks to function as national banks was pursuant to the acts of the United States Congress of 1863 and 1864. National bank notes were issued by approximately four- teen thousand different national banks from 1863 until 1935. It has been estimated that these chartered national banks issued about $17 billion in denominations from $1 to and including $1,000. In addition to these notes, the federal government also issued paper money such as silver certificates, legal tender notes, coin notes, Federal Reserve notes, and gold certificates, which cir- culated side by side with the national bank notes. National bank notes are so varied and diverse that collectors of paper money often express the opinion that such national bank notes are among the most interesting issues of the United States paper money. Collectors acquire national bank notes in South Haven, Michigan, the author's second home town, had only one bank that issued national bank notes. His search for a South Haven note lasted twenty years, and he now has two of three known notes issued by The First National Bank of South Haven. The back shows the Landing of the Pilgrims. Paper Money Whole No. 168 Page 185 varied ways and for varied reasons. Some collect such notes is- sued by banks that operated in the home town, home state, home county, or region of the collector. Other collectors seek notes issued by banks or cities that contain the collector's name or country of origin. Some collectors seek notes issued in cer- tain bank charter periods, such as first charter period notes; others specialize in the notes of the second charter period or the third charter period. The designs of the national bank notes were different for each of these charter periods. This is one of the reasons that so many serious paper money collectors are at- tracted to national bank notes. The passage of the National Banking Acts of 1863 and 1864 authorized the federal government to grant charters for banks to function as national banks provided they met certain finan- cial and other requirements. These banks were then supervised by the federal government. Each bank was granted a charter number and the name that had been requested and cleared prior to the granting of the charter. My grandparents arrived in the city of Kalamazoo shortly after 1900, and my grandfather, Max Fisher, selected as the Fisher family bank The Kalamazoo National Bank, which was granted charter number 3211. I have a special interest in this bank and its national notes. It was one of four Kalamazoo na- tional banks issuing national bank notes. National banks issued these national bank notes after they received their charters. They could issue national bank notes in amounts not to exceed 90 percent of the par value of United States government securities, which each chartered bank was required to deposit with the federal government as security for the national bank notes it intended to issue. The national bank notes issued by each individual bank had the name of the bank printed on each note, the location of the bank, signatures of the bank president and cashier, signatures of the federal Treasury officials, the denomination, and the coat of arms of the state on the back. Notes were issued in different denomina- tions depending on charter period of issue, but in one charter period or another, notes were issued in denominations of $1, $2, $5, $10, $20, $50, $100, $500, and $1,000. These national bank notes were valid paper money all over the United States, even though they were issued by many different individual banks. All national bank notes were produced by the federal government with production proce- dures virtually the same as for the federal Treasury issues of paper money. The designs on the national bank notes were the same for all of the national banks for each denomination for each series in each charter period. The only difference was that the issuing bank had its own name, charter number (after the original series), officers' signatures, and other features noted above. Designs were changed from time to time for the first, second, and third charter periods. These national bank notes are still valid and can still be redeemed at face value. The enjoyment of collecting national bank notes is en- hanced by learning about the issuing bank from the time it was organized up to the time that it ceased to operate as a result of liquidation, merger, or absorption by another bank. It is also enjoyable to obtain facts pertaining to national note-issuing banks still in operation from the time of organization to date. Sources to obtain information about such national banks are varied. I contacted libraries, historical societies, existing banks, and many individuals in the area where the national bank note-issuing bank operated or continues to operate. Pur- suit for facts and material through these sources resulted in some success, but in the main the results were insufficient and inadequate. My research usually turned to the vast resources of the National Archives. I obtained information and copies of papers ranging from the correspondence to and from the or- ganizers of each bank prior to and after organization through to the actual organization documents, bank examiners' reports, bank and government correspondence relative to the opera- tion of the bank, and liquidation and related papers. The banks I researched for many years were banks that ceased to exist be- fore 1900 or ceased to exist between 1900 and 1935. It would require writing a lengthy book to set forth all of the varied bank research projects I have successfully concluded to date through the utilization of the National Archives. For this article I have selected several research projects as representative illustrations: The First National Bank of South Haven, Michigan, and The Citizens National Bank of Winchester, Kentucky. The First National Bank of South Haven, Michigan, was and is extremely important to me. It is the only national note- issuing bank that had operated in South Haven. Very few of the bank notes issued by this bank survived redemption or destruc- tion. I searched for about twenty years before I was actually able to locate and acquire even one of its national bank notes. The acquired note is the $1 denomination with serial number 38. I have regarded South Haven as my "second home town" be- cause my grandparents, Sussman V. Gerber and Hattie Gerber, owned and operated a general store there for thirty-six years. They operated the store by themselves, but in the busy summer season, I was the only employee. My duties over the years in- cluded trips to the bank for deposits, change, and other er- rands. The bank was only one-half block from the store. Their bank was the successor bank to The First National Bank of South Haven, so I was aware of this note-issuing bank from a very early age. My varied sources produced information that The First Na- tional Bank of South Haven received charter number 1823 from the comptroller of the currency on May 22, 1871. It then functioned as a national bank in South Haven, and it had the authority to issue national bank notes. It issued 4,500 $1, 1,500 $2, and 12,500 $5 original issue notes plus 14,696 $5 1875 se- ries notes. Federal records indicate that only $782 had not been redeemed as of 1910. There is no way of knowing how many notes may have been destroyed by fire or other causes. I know of no notes redeemed since 1910, and only three notes are known to exist at this time. I now own two of the three, which includes one serial number 1 note. This bank was chartered May 22, 1871, and was placed into voluntary liquidation on December 31, 1889. It was succeeded by the First State Bank of South Haven. Because this was a bank chartered by the state of Michigan, it was not a national bank with the authority to issue national bank notes. The $1 note issued by The First National Bank of South Haven with serial number 38 was issued on June 15, 1871, and this date is printed on the note. The face of the note portrays two young women at an altar. The back of the note portrays "Landing of the Pilgrims" I had many questions about the note, and some were an- swered as a result of research in Michigan. The vast number of unanswered questions, however, required me to utilize the Civil Reference Branch of the National Archives. I was excited and fascinated to obtain copies of the correspondence from and to the organizers of this bank and the comptroller of the currency, organizational papers, interim reports, liquidation waa.(4 4,11 (frf*Iitt (111 t;NO S'r- TP <rotasea ó 0, Deposi ted.wit 4161 ". Treast tilT i AiRtv, /„,„, r4 National Bunk o yiferualWarai Virtyir -41-24t.essaisl ,60.1tnrrY ^50 • ' rirn Page 186 Paper Money Whole No. 168 reports, and other material that enabled me to have documen- tation from the beginning to the end of this chartered national bank. All of this material obtained from the National Archives made me feel as a prospector for gold must feel when the mother lode is discovered. The $50 denomination national bank notes issued during the first charter period are regarded as being scarce to rare. It is commonly believed by collectors and researchers that fewer than seventy-five such notes still exist today. It was my goal for many years to acquire at least one $50 first charter national bank note for my collection. My search extended over many years, and I did not limit myself to a note issued by any specific bank or even to any specific city or state. It seemed at times that this search would not be successful since so few such $50 notes escaped redemption or destruction, and many of those that are known to exist are in museums or in private collections. I finally succeeded in locating and acquiring a $50 original series first charter national bank note issued by The Citizens National Bank of Winchester, Kentucky, dated June 15, 1875. The bank was granted charter number 2148 as of May 29, 1874. This note is the only one known to exist issued by this bank in the $50 denomination. I consider it rarer than most of the other known first charter $50 notes because this note was is- sued by a small-town southern bank in the original series while most of the other known $50 first charter notes were issued by northern banks with the later first charter series of 1875. The face of this $50 note portrays George Washington crossing the Delaware River at the left and at the right Washington kneeling and praying. The back of the note portrays the "Embarkation of the Pilgrims!' My curiosity and desire for information pertaining to this $50 note, the Kentucky issuing bank, organizers of the bank, the community of Winchester, and all other pertinent informa- tion was great. I received excellent cooperation from many Kentucky sources about many aspects of Winchester, Kentucky, but information and documents pertaining to the bank itself were quite inadequate. I contacted the Civil Reference Branch of the National Arch- ives for records pertaining to The Citizens National Bank of Winchester. It was exciting to reconstruct most of the history of the bank through copies of the correspondence between bank organizers and bank officials to and from the comptroller of the currency both before and after organization, organization papers, documents, bank examiners' reports, and papers per- taining to the liquidation of the bank. I even learned more facts pertaining to Dr. Washington Miller, the principal organizer of this bank. Dr. Miller had a bank building constructed around 1887 with an ornate stone doorway sculpted with profiles of his two daughters. I just had to know more about a bank or- ganizer who would have the profiles of his two daughters carved into the bank entrance while he was bank president. The building is no longer a bank, but the ornate entrance with the two profiles of the girls still exists today. I integrated all of the material I obtained from the National Archives with the Kentucky research material. My enjoyment of this rare $50 first charter note is greatly enhanced now that it This Winchester, Kentucky, $50 first charter period note is rare. The face shows Washington Crossing the Delaware and Prayer for Victory. The back portrays Embarkation of the Pilgrims. B6469826 1), ••• Cgan,BilLt :3 r 321.1 _ 0 Ift ill tit'1 1 '''..reztratv 2654 Zrialot0=1:0,4*4.3,Mi) ;71LI VNIT'L' o Vrtr011034 TM. HMO, a me Dm ',TR... , .....0., 7 . jjron; Abaft 206 ic104..44416144t_ 3 3 'mom RANK rrnuispr tmmibANA. PW' " r.grV4LtZV.I.S.A.11=1.12a.11,11.4.4..V.I.) 414 XAS eiligt4=40N.4.14.11 /71///- /9/09ei 1 11210/51, *Nser€3:001, 1117.( .4.7.0417E•PED910441;trzfr.).'4.1E4c—if 206 lettlef,010. Paper Money Whole No. 168 Page 187 The author's paternal grandparents moved to Kalamazoo just after 1900 and became customers of The Kalamazoo National Bank. This $5, second charter period note shows President lames Garfield. A third charter note from the Kalamazoo National Bank and Trust Company shows President B. Harrison. has a personality, character, and history distinct and unique from any other $50 first charter national bank note. For many years I researched national banks that ceased to exist more than fifty years ago. It became obvious to me that local and state sources where such national banks operated were usually adequate only for information pertaining to the community where the bank operated. These sources were usually quite in- adequate for more detailed information and documents. The Na- tional Archives proved to be the bonanza and gold mine for records and documents concerning many aspects of these early national banks from their start until the time that they ceased to operate. There were four national bank-note-issuing banks that oper- ated in my "home-town" of Kalamazoo, Michigan. These con- sisted of The Michigan National Bank of Kalamazoo (charter 1359), The City National Bank of Kalamazoo (charter 3210), The Kalamazoo National Bank of Kalamazoo (charter 3211), and The First National Bank of Kalamazoo (charter 191). All of these banks ceased to exist more than fifty years ago with the excep- tion of The First National Bank of Kalamazoo (charter 191), which is still in operation. (The name of this bank was changed to First National Bank and Trust Company of Kalamazoo and currently is known as First of America Bank-Michigan.) It was when I decided to research this currently operating Kalamazoo bank and a number of other functioning national banks in other states that I was informed by officials at the Na- tional Archives that records and information pertaining to these banks were restricted and not available. When the comp- troller of the currency transferred these records to the custody of the Archivist of the United States several decades ago, he im- posed a specific restriction that limited access to most records less than fifty years old and all records of operating institu- tions. I requested a review of this policy. With the passage of the Freedom of Information Act, access to the records of the comptroller of the currency, and to all other records of the executive branch of the federal govern- ment, became subject to the provisions of this statute. The law provides a statutory right of access to most records of the government. It does recognize the need in certain specific in- stances for keeping documents closed. Anyone researching the records of banks should be aware that information that would invade the privacy of an individual or hinder law enforcement proceedings will not be released by the National Archives. In addition, section (b)(9) of the Freedom of Information Act prohibits the release of information "contained in or related to examination, operating or condition reports prepared by, on behalf of, or for the use of an agency responsible for the regula- tion or supervision of financial institutions" The National Archives advised me that, with the passage of the Freedom of Information Act, some of the records of certain still-operating national banks would no longer be withheld be- (Continued on page 203) Paper Money Whole No. 168Page 188 Catalog of Enveloped Postage by MILTON R. FRIEDBERG T HE Civil War shortages of small coins has been well documented in many articles dealing with the causes and effects of the shortage of circulating specie. Those articles essentially discuss the remedies of U.S. postage stamps, fractional currency, obsolete fractional bank notes, script and encased postage. An often overlooked short term solution was the very effective use of "enveloped postage;' which are small envelopes with postage stamps inside. They were issued pri- vately during 1862 and were an effective but short-lived solu- tion to the shortage of coins. "Enveloped postage" consisted of small coin or "apothecary" envelopes, usually about 1 1/4" tall and 2 1/2" wide, although var- ious sizes exist. They were usually made of white stock with an ungummed flap. In some examples the back and flap are printed as well as the face of the envelope. The messages vary from a simple statement of the value of enclosed postage stamps to extensive advertising messages for both the commer- cial supplier of the enveloped postage and the printer of the envelope. The envelopes had the distinct advantage of protecting the enclosed postage stamps from the elements and dirt and wear caused by direct handling of the stamps. They also had the great disadvantage of having to be opened and inspected for the correct value. Some of the currently existing examples have the printed value obliterated and replaced with a handwritten value. In most cases the new value is a higher amount and was obviously used to supply an amount of change not available at the time in a printed envelope. However, others are known with values reduced and possibly are the result of a dishonest user or the need for an amount not in printed envelopes. Since a few of the envelopes are the exact size of the "apothe- cary" envelopes used by druggists to dispense pills, it is some- times very doubtful that the envelope was really used for "enveloped postage" The number written on the outside of the envelope could easily have been the price of a prescription, but 25 cents was very high for just a few pills in 1862. Those "apothecary" envelopes without a value are very suspect. The real reason for the short-lived span of the "enveloped postage" is most likely the visibility of the contents of Gault's encased postage and the appearance of more readily available stocks of postage currency from the U.S. Treasury. Most of these pieces are rarely seen and none of them are known in quantities measured in dozens. Those listed in the accompanying catalog are unique with a few envelopes listed with multiple owners. Many items are listed with incomplete descriptions since the previous writers did not supply sufficient data to completely list the items. The author would welcome data and descriptions of items not listed here. Bibliography Drowne, H.R. (1918). American Journal of Numismatics, Vol LII, reprinted in The Numismatist May 1920. Hoober, R.T. (April 1961). The Numismatist. This copy was generated from a computer disc. Although there was an attempt to be stylistically consistent, there could be variations. (ed.) Explanation of listing order: Envelopes alphabetically listed by User as preference, then by Printer, and if neither are available then by the Commentary and finally by any other criteria available as indicated by the underlined heading. Note the key word is in bold type to help you find it quickly. The bold type does not indicate the printed matter is also in bold. Explanation of conventions and abbreviations: (Mss) = Hand Written = Mss or Manuscript (NYC) = City believed to be New York. (NY) = State believed to be New York. Dimensions are given in millimeters with horizontal dimension first following paper color. Pedigree refers to the source of information such as the last known owner, Auction Catalog, or famous collection. Key to Pedigree listings: COLE = Bowers & Ruddy 1/23/1986 auction sale of Ezra Cole collection. DROWNE = Amer. Jour. Numismatics Vol. LII, 62, (reprinted in The Numismatist, May 1920), author Henry Russell Drowne HOOBER = Numismatist, April 1961. 437, author Richard T. Hoober. KRAUSE = Standard Catalog of United States Paper Money. MOREAU = Bowers & Ruddy March 1985 auction sale of Moreau collection. PROSKEY = Bowers & Ruddy March 1985 auction sale of Proskey collection. SEEMAN = Stacks 2/27/70 auction sale of Seeman collection TD = Denly's of Boston, MA, paper money dealer. KF = Kevin Foley, Milwaukee, WI, paper money dealer. MRF, MTG, HK, DH, KK, RW, DF, WL, DG, etc., are individual collectors. Paper Money Whole No. 168 Page 189 Numerical Value 25 Word Value Cts. Value Message 25 Cts. Flap Printed NO Pedigree SEE CATALOG No. 4 CATALOG LISTINGS Catalog Number 1 Paper DARK BEIGE Ink BLACK Commentary BLANK ENVELOPE WITH MANUSCRIPTED LEGENDS Used By ? Catalog Number 6 City Baltimore (Mss) Paper WHITE State Maryland (Mss) Ink BLACK Numerical Value 1 (Mss) Commentary U.S. POSTAGE STAMPS. Word Value Ct. (Mss) Used By ARTHUR, GREGORY & Co. Value Message 1 Ct. in Mss Advertising Message STATIONERS Flap Printed NO Address 39 NASSAU STREET Pedigree RW X-SEEMAN LOT 1353 City (NYC) State (NY) Catalog Number 2 Printer ARTHUR, GREGORY & Co. Paper Printer's Address 39 NASSAU STREET Ink ? Printer's City (NYC) ' Commentary APPEARS TO BE HANDMADE WITH Mss Printer s State (NY) Numerical Value 50 VALUE Word Value CENTS. Numerical Value 25 (Mss) Value Message 50 CENTS. Word Value C (Mss) Flap Printed NO Value Message 25=C in Mss Pedigree KF, RW-APPLEBAUM SALE 1966 Flap Printed ? Pedigree KRAUSE 151-25, COLE (LOT 4134) Catalog Number 3 Paper CREAM 80.41mm Ink BLACK Commentary in U.S.P.O. Stamps Used By H. ARMSTRONG Advertising Message The Largest and Best Assortment of/Hosiery, Laces, Embroideries,/AND SMALL WARES,/ In the upper part of the city. Address 140 SIXTH AVE. City (NYC) State (NY) Numerical Value NONE Word Value Twenty-Five Cts. Value Message Twenty-Five Cts. Flap Printed MISSING Pedigree RW X-MOREAU (BACK AND FLAP MISSING) Catalog Number 4 Paper YELLOW Ink BLACK Commentary U.S./POSTAGE STAMPS. Used By ARTHUR, GREGORY & CO. Advertising Message STATIONERS Address 29 Nassau St. City (NYC) State (NY) Numerical Value 25 WITH SINGLE PENSTROKE THROUGH AND Mss. 19 TO THE LEFT Word Value Cts. Value Message 25 Cts. Changed to 19 Cts. Flap Printed NO Pedigree RW X-PROSKEY va.ps a3tucli.; 6 g `iadotaAua 'Ayau 2 aaagNaa U. S. POSTAGE 25 Cents. Catalog Number 7 Paper WHITE Ink BLACK Commentary U.S. POSTAGE//STAMPS. Used By SEE FLAP DATA Numerical Value 25 Word Value Cents. Value Message 25 Cents. (centered on front) Flap Printed YES Flap Message BENNETT & REAY, 5 & 7 Spruce Street. Flap Advertisement Envelopes, Pedigree RW X-SEEMAN LOT 1353 (FRONT AND FLAP ONLY) PG -p Catalog Number 7A Catalog Number 5 Paper ? Paper YELLOW Ink BLACK Ink BLACK Commentary U.S. POSTAGE//STAMPS. Commentary U.S./POSTAGE STAMPS. Used By BENNETT & REAY, 5 & 7 Spruce Street. Used By ARTHUR, GREGORY & CO. Numerical Value 50 Advertising Message STATIONERS Word Value CTS. Address 29 Nassau St. Value Message 50 CTS. (centered on front) City (NYC) Flap Printed NO State (NY) Pedigree HOOBER #24, 1961 Numismatist p. 602 Xt-44/4444444W4iii4-4 0i1V4=t;41: U.S. wcw POSTAGE STAMPS. 4-3 25 cents.— Z??" 4C7 134 Williern St , N. Y. 4-;.4 4a1.4- ??' A'? • 4-Itr* 4100- BERLIN k JONlys, ENVELOPE liANUFACTOREIts, Page 190 Paper Money Whole No. 168 Catalog Number 8 Catalog Number 10 Paper WHITE Paper BLUE 77x45mm Ink BLACK (SIMPLE WAVY LINE BORDER) Ink BLACK Commentary UNITED STATES POSTAGE STAMPS. Commentary U.S. POSTAGE STAMPS. Used By Advertising Message BERGEN & TRIPP Used By STATIONERS & PRINTERS Advertising Message BERLIN & JONES, ENVELOPE MANUFACTURERS Address City 114 NASSAU ST (NYC) Address City 134 William St., N.Y. State (NY) State (NY) Printer BERGEN & TRIPP Numerical Value 25 Printer's Address 114 NASSAU ST Word Value cents. Printer's City (NYC) Value Message 25 cents. Printer's State (NY) Flap Printed MISSING Numerical Value 25 Pedigree RW X-MOREAU (BACK AND FLAP Word Value CENTS MISSING) Value Message 25 CENTS. Flap Printed NO Catalog Number 11 Pedigree MRF Paper BUFF 75x35mm Ink BLACK(BLUE) Commentary P.D. BRAISTED, Jr./25/BILLIARD HALL,/ 14&16 FOURTH AVE,NEW YORK . t-.t may, Used By P.D. BRAISTED, Jr, BILLIARD HALL Address 14 & 16 FOURTH AVENUE4 United States Postage Stamps. City NEW YORK 25 Cents. 25 State Numerical Value (NY) 25 Bergen i Tripp, Btettenurs 114 Naseaunt Value Message 25 ..,`:''._ _,3, !1404 if..."7 :4•"----.'.t Flap Printed MISSING FLAP AND BACK ?-,,,, ..--',--z-n.4.:7-,..-;_ , 7- 057-.,. —...4.,,J 7. Pedigree MRF X-MOREAU Catalog Number 9 Paper CREAM 55x28mm Ink BLACK (VERY INTRICATE BORDER) Commentary UNITED STATES POSTAGE STAMPS. Used By BERGEN & TRIPP Advertising Message STATIONERS & PRINTERS Address 114 NASSAU ST City (NYC) State (NY) Printer BERGEN & TRIPP Printer's Address 114 NASSAU ST Printer's City (NYC) Printer's State (NY) Numerical Value 25 Word Value CENTS Value Message 25 CENTS. Flap Printed MISSING Pedigree RW X-MOREAU 0-. C. BROWN, gallrge ' ,f1011U *gar ,, , tort, No, 669 Broadway, New York, U. S. POSTAGE STAMPS. 50 Cts. Catalog Number 12 Paper WHITE 70.34mm Ink BLACK Commentary U.S./POSTAGE STAMPS. Used By G.C. BROWN Advertising Message Lafarge House Segar Store, Address No. 669 Broadway City New York. State (NY) Numerical Value 50 Word Value Cts. Value Message 50 Cts. Flap Printed MISSING Pedigree RW X-MOREAU (BACK AND FLAP MISSING) Catalog Number 13 Paper WHITE Ink BLACK Commentary PRINTED VERTICALLY Used By BROWN & RUSSELL, Advertising Message PEWTER MUG ON BEER GLASS PICTURE Address 162 NASSAU STREET. City (NYC) State (NY) Numerical Value 25 Value Message 25 (at top and bottom) Flap Printed NO Pedigree MRF III IIOWNING Val% • •. .....vv•ws. V........V.v.....vvs.vvVV.,.> r`2J CENTS Irs U. FROM CITA§ T. CHICKHAUS U.e.ator, tut HAVANA. SEIGAAS and VIRGINIA SMOKING TOBACCO, No. 176 Ilroa (1 :v, 11(a,:,.,) 1NTMAT-Y.01LI-r- Paper Money Whole No. 168 Page 191 Catalog Number Paper Ink Commentary Used By Advertising Message Address City State Printer Printer's Address Printer's City Printer's State Numerical Value Word Value Value Message Flap Printed Flap Message Flap Advertisement Pedigree Catalog Number Paper Ink Commentary Used By Advertising Message Address City State Printer Printer's Address Printer's City Printer's State Numerical Value Word Value Value Message Flap Printed Flap Message Flap Advertisement Pedigree Catalog Number Paper Ink Commentary Used By City State Numerical Value Word Value Value Message Flap Printed Pedigree 14 PURPLE BLACK U.S. POSTAGE STAMPS. JOSEPH BRYAN CLOTHING ESTABLISHMENT 214 FULTON STREET BROOKLYN (NY) T.R.DAWLEY READE AND CENTRE STS. N.Y. (NY) 15 Cts. 15 Cts. YES T.R. Dawley, Reade and Centre Sts., N.Y. MANUFACTURER KF 15 BUFF BLACK U.S. POSTAGE STAMPS. JOSEPH BRYAN CLOTHING ESTABLISHMENT 214 FULTON STREET BROOKLYN (NY) T.R.DAWLEY READE AND CENTRE STS. N.Y. (NY) 50 Cts. 50 Cts. YES T.R. Dawley, Reade and Centre Sts., N.Y. MANUFACTURER MRF, DROWNE 16 WHITE BLUE STAMPS. BROWNING & LONG SALEM MASS. 25 CTS. 25 CTS. NO DF 17 CREAM BLACK IN U.S. STAMPS. SOLD BY JOHN M. BURNET, Stationer & Printer, 51 William Street, New York (NY) 25 Cents 25 Cents NO RW X-KF(1986) 18 IN U.S.STAMPS. JOHN M. BURNET STATIONER & PRINTER 51 WILLIAM ST NEW YORK (NY) JOHN M. BURNET 51 WILLIAM STREET. NEW YORK (NY) 25 CENT ORIGINAL VALUE OBLIBERATED CENTS 50 CENTS (50 in Mss) DROWNE 19 YELLOW BLACK In U.S. Stamps, CHAS. T. CHICKHAUS Dealer in HAVANA SEGARS and VIRGINIA SMOKING TOBACCO 176 Broadway,/(HOWARD HOTEL) NEW YORK. (NY) 25 CENTS 25 CENTS NO RW (2 FROM LATE 50'S SALE) (To be continued) Catalog Number Paper Ink Commentary Used By Advertising Message Address City State Numerical Value Word Value Value Message Flap Printed Pedigree Catalog Number Paper Ink Commentary Used By Advertising Message Address City State Printer Printer's Address Printer's City Printer's State Numerical Value Word Value Value Message Flap Printed Pedigree Catalog Number Paper Ink Commentary Used By Advertising Message Address City State Numerical Value Word Value Value Message Flap Printed Pedigree / 1),Y 71)71:2. dG ty,//,,m, / ,, / ji I,,,,,.,7 W;-;,,, ,f,k4.' (c/,',) ,/ _V-,, "7 - k,.,, ,r f (" L,./ - ,! / .../ ; /6; 4 "—/i r 141):2' „, ot, .., / . ,,. , t■ ,, , ,e,....: .. .—/ /; e• r 40,'....;!.,./ ,., ; . r ....///i.1, ,?, e • //,,, , I,/ 1 / _,,, .,,,,, I )7 / ./..-. fi,,i4" ,/i- 'if,. ',,,,errieti* ,-, 2, ,,,, ' //2.7,`,. ,/' ,, , eY ',:, ,,,,,,,,,,;,,,, (1 Al 4 oe,b, ....... _.„......, 5 Cts. H Banking 'louse of E. 13. Budd 4.1 E 4 X // tai PTA,4`.111.8. t 2/.4; 4 ri6,6.kes J Page 192 Paper Money Whole No. 168 Iowa Obsolete Notes and Scrip (Revision 1993) by DEAN OAKES Burlington, Iowa Issue No. Issuer 13 E.W. Clark & Brothers 2. $2 Same as $1 in design. 3. $3 Same as $1 in design. Camanche, Iowa 20 Great Western Railroad Co. 1. Change rarity to R3 2. Change rarity to R4 3. $5 same as $1 and $2 except for large red figure 5 in center. R5 A group of these notes from this issue came on the market in 1983. These included a few $5 which had not been known until then. This accounts for the lowering of rarities in this series. Clinton, Iowa 23A E.B. Budd, Banking House 1. Black printing (Top) 5 cts. Clinton, Iowa, October 20th 1862. (C) Banking house of E.B. Budd, "Pay to the bearer five cents in current bank notes, when presented in sums of even dollars." (Signed) H.B. Horton. Overprinted "Receivable for taxes at the Treasurer of Clinton County." 5" x 2" R7 Paper Money Whole No. 168 Page 193 (Probably other denominations were issued and other dates used. Noting Issuer #24, it seems Clinton & Lyons were having a severe shortage of coin, as was all of Iowa in 1862.) Council Bluffs, Iowa 27 State Bank of Iowa, Council Bluffs branch 4. It has been pointed out to me that counterfeits were made of the $5 type 1 note. I have seen six different notes and the one thing they have in common is the issue date-5/1/60—which was probably the correct date. Davenport, Iowa 31A Leas, Wallace & Co. Date engraved 185_, note issued and redeemed by the company. Printers: Luse, Lane and Co. Printers. 1. 25C (Top) Leas, Wallace and Co. Flour Depot, Corner 2nd & Harrison St. (UR) "25" in engraved circle. (C) "On Demand pay to or bearer TWENTY FIVE CENTS in currency!' (B) Davenport (date line) Accepted (signed) L.A. Wallace. Note is yellow with a large orange underprint across central part TWENTY-FIVE CENTS. 32 New York Branch Hardware Store 1A. 254 (C) Vignette of a bee hive. Large red "25 Cts" overprint along bottom of note. Note is very similar to 504 of same issue. 33A Charles H. Plummer, Davenport Proof notes 254 & 504 listed under Washburn 34-5&6, these are now known to be the Plummer issue with the appearance of an issued $5 note. Imprinter: Chas. Shober, Chicago. 1. 54 (CR) Scene of cattle with a bridge and train in background, trees at sides and telegraph wires overhead. Date of Dec 1,1862, which is one month after the Washburn issue. No line for numbering is on the note. R7 2. 104 Unknown 3. 254 Listed under 34-5 4. 504 Listed under 34-6 Des Moines, Iowa 36 City of Des Moines—All Notes Proof R6 Eight proof sheets were sold at the American Bank Note Co. archive sale. Each was a $1, $2, $3, $5 sheet. Four of the sheets were black and white and four were printed with a red overprint of the denomination across the note on the lower half. A total of 32 notes are now known. N. it■LaLt.Cate-LC4f VIOVE fier'ff( ) ( G.,Loi„liagegat ',/e0rv,010‘ Page 194 Paper Money Whole No. 168 Dubuque 47 City of Dubuque Imprinter: Rawdon, Wright, Hatch & Edson, New York. 1. $1 Unknown 2. $2 (CT) City of Dubuque, black block letters. (UL & UR) TWO in lathe work. (LL & RR) TWO in shaded lettering. (C) Large figure 2, with countersignature of the auditor, Dubuque and date, this over the figure 2. (CL) Indian brave resting with a kill of venison behind him, his outstretched arm to (CR) Indian maiden also reclining with outstretched arm. 3. $3 Unknown 4. $5 Unknown .,......., . . 0 . . , 0 - 21 • - :...'• - ''.11 .; .,,.',,: , 4 . - '., ' i I i • r, ,, ; ''''' , • , , ., __ __,,-, , . ',,,, • S' .. i ,, 0, '.•\ , : 0-0 . -,1 ...,' .....1, .3/4.4,7■:.* . ...,._ ....Ltrkril; 5. $10 (TC) Large river scene of barge, steamboats with buildings on shore in distance. (LL & LR) Figure 10 in lathe work. (LL) Man with hammer and shield. (LR) Lad with oar in hand. (C) "City of Dubuque" in block letters with red underprinting "TEN" Note: With a $2 & $10 coming to light, and in view of the large issue of notes, near $48,000, it seems reasonable to assume that $3 and $5 notes were issued. Prolitt:et tj bone Publieo. Iu Iterchettelee, or to ova 4T the Improvement Cemetery*/ Kktee Itbrs ftttittie..xer; Itepore n.t.ttt tiers n, i ) t'..7tt!AN xl an■lo, O 25, fi`1r „,„, ‘$ .11if -040.1041-it rnmeui, , ■rs HOOK S TOKK W :NORTH ESTER 1,0413 ilS6EICS•k11°)• Ihvoke or Stateett , r3, pet., the•Harker etie. Poet Nolo, at the NORTH—WS:STY...8 SI BOOK STORE. So• fit. MAZY ST. ,^th.,Xtra Print. Paper Money Whole No. 168 Page 195 47A Couch and Gilbert 1. 254 (LR & LL) Figure "25". (L) State of Iowa. (R) City of Dubuque. (C) Shield with name of company and address; also shows a merchant in a book store with the word "Prodigious" at bottom of shield vignette. Wording as follows, "We promise to pay the bearer ON DE- MAND twenty-five cents in merchandise, or in one of the Improvement Company's notes when the amount of $1 is presented" Printed in blue ink. Signed Couch and Gilbert. The back of this 4 1/2" x2 1/4" note is printed with the names of the merchant houses that would accept this check, a listing of forty-two establishments. 53 Dubuque Western Railroad Company 1. $5 R4 la. $5 R4 lb. $10 Same as the $5 note except for denomination. R5 lc. $20 Same as the $5 note except for denomination. R5 3. $1 R2 4. $3 R4 5. $5 R3 6. $10 R3 In about 1939 the Treasurer of Dubuque County cleaned house and an employee became owner of a large trunk of banknotes from the 1850-60 period. In the last 10 years three smaller lots of the now empty trunk have surfaced and been sold. I do not think that there are any lots left of over 20 or 30 notes from what must have been several thousand and that they are now quite widely dispersed. Most of the notes were Dubuque Central Improve- ment Co. and Dubuque Western Railroad Co. issue. 54 Grosvenor & Shelly la. 104 (UL) Large blue "X" printed with stars and stripes & "North Western Book Store!' (UR) Du- buque Iowa and large "10" in blue; same small vignette as the 254 note. (LL) Large blue figure "10:' (LR) Large blue "X:' 4 1/2" x2 1/4" overall. Signed Grosvenor and Shelly. R7 55 Lumberman's Bank of Dubuque Two uncut sheets are now known on this issue; one was known 10 years ago. iRSUr o tate up a p.rt eurrvney S.erlp, *taut rsilk..entable 491: r '1'.„WELA.....S771-21.2. OF 2-"I-T7- ota° mum. `k'raT 101,44. s ,"L.Lui) Eo <I 0 H N FIFTY CENTS. 17: ClirrA Receivable for all Taxes sud demands of Ilse Corporaticn -eZes."-Cfsp-r. Page 196 Paper Money Whole No. 168 56a N.A. McClure la. 254 Denomination printed in red in each corner and across central portion of the note, either as figure 25 or XXV. (TC) Small Vignette of notions, sewing items, fans, thread, etc. in red. Black printing on note. Pay line reads "will pay the bearer Twenty Five Cents on Demand in goods or either of the Harbor Co's. post notes, at the Dubuque Bazaar, no. 132 Main Street" Signed N.A. Mc lure. R7 An unknown number of Dubuque merchants tried to help and promote commerce by issuing scrip during this war period. There was almost no coin available. We will probably see more of these small change scrip notes come to light in the coming years. Fort Madison, Iowa 64 City of Fort Madison 2. 504 (C) Large red "50!' "City of Fort Madison" across upper portion of note. (UL UR) Small red "50" in corners. Same layout and size as 254,64-1. (Still only one of each known to me.) R7 Indianola, Iowa 69A G.W. Jones and Co. Bankers The first bank in Warren County, 1858, was organized by George W. Jones and W.T. Smith, under the firm name of G.W. JONES & Co. Eight years later it was sold to David and Thomas Hallam, who conducted business until 1870 when it became the First National Bank. 1. 54 11/2" round, red, cardboard. Printed around the border "G.W. JONES & CO BANKERS, India- nola, Ia!' In the middle "Pay 5 cents in currency when presented in sums of one dollar!' R7 'UDE MD:SIDE:NT AND DIILI•VOI2S INDIVIDUALLY ilAHLE. 01.)44D---,. *HAW E ° 441040 //,;/1 rrn 47/;,./' N.1 th•A.,' %; • /1. y1 r//// /f/ 4111/ 41 '4 40-;1/ Paper Money Whole No. 168 Page 197 Iowa City, Iowa 76 Shephard & Darlington 0'■ t1/4 C I T E /4 TS, -W ill be i (.1nan .,,,,-x, in ( .' urn - Bills. when "6.'rfallar's -vC"-ort I t ( ) t • het. li:-: n re eitl ter of fill , ( Alow-ing Storrs : II •I. H. DANIELS & CO, iED tli ND sIIIIEPARIILt W M. IlLtYlIIILTON & CO., E. l. VOLLILlis & 5014. SIIEPHARD t DARLIINCToN. I 1:VY. presented at J.:I11011SItINILN (`LAPP DOGGET. la. 104 (C) Red 104. (UL & UR) Blue-black "10" in corners. Balance of note same as the 254 & 504 notes. Keokuk, Iowa 82 Keokuk & Hamilton Ferry & Manufacturing Co. 5. 754 Small central vignette is of a train. Vignette at the left is of a liberty figure with shield & eagle. Balance of the note is like the 504 and $1 notes. R7 Pittsburgh, Iowa (Van Buren County) 107A Bank of Pittsburgh Printer: Ed Mendel, Chicago 1. $10 Orange background with Ten at top left and "X" at top right. (TC) Black block letters "Bank of Pittsburgh!' (L) Vignette of train. (C) Vignette of three men with horse and wagon picking corn. These two vignettes are the same as on the Dubuque, Marion & Western RR note #51-1. The (LR) vignette is the mirror image of a young child as used on the State Bank of Iowa $2 first issue. R7 Paper Money Whole No. 168 Page 198 This note is perhaps the most unusual discovery of the Iowa series in the past ten years. Picked up as a Penn- sylvania note by an eastern collector, it did find its way back to its real home state of Iowa. It carries a date of July 1, 1862. If the date is an issue date remains to be discovered, but the signatures are not original. We can be quite certain that other issues of this bank were printed, including a $1 & $5. Pittsburgh was located on the Des Moines River in Van Buren County. There were two general stores, a bank, a flour mill and a population of 200 in 1865. Help needed with this maverick. ??? -? 1 1/2" green cardboard. Printed at top edge "Thompson, Whitman & Co!' Printed under the name, No. Printed through the middle of the disk, "Good for 10 Cents in Iowa or Treasury Notes!' Then a line to sign on. Using the term Treasury notes must refer to U.S. notes, so it may have been issued as late as 1865. Maybe someone can help to give this piece or "Good For" a home town. COUNTERFEITS (Continued from page 183) SOURCES: Chase, Philip H. (1947). Confederate Treasury Notes, Philadelphia. Chase, Philip H., various articles in The Numismatist, official publica- tion of the American Numismatic Society. Ball, Dr. Douglas, various articles in Bank Note Reporter. Thian, Raphael P. (1972). Register of the Confederate Debt, reprint by Quarterman Publications, Inc. Criswell, Grover C. (1976). Confederate and Southern States Currency, 2nd Revised Edition. Slabaugh, Arlie R. (1976). Confederate States of America Paper Money, Fifth Edition. 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 The Starts Here A Primer for Collectors by GENE HESSLER T HE mention of a $3 bill usually gets a laugh, unless you are among collectors. Yes, Virginia, there are $3 bills, as well as notes for other odd denominations. The Nov./ Dec. 1978 and the Mar./April 1991 issues of PAPER MONEY i n- cluded articles by this writer about the $3 note the federal government prepared but did not issue. By perusing a dealer's list or personally examining the notes he or she has to sell, you will see that $3 bills are relatively rith s'Aore 11, , ,,,,Mbt% ,l/At V;fi l.•.%/ ftilkt•tritrtn ,WC titti,-.)rtali;111 .e. '641-vrieitt:tgrvi't:s bi ton T ;r 4741At.( , BP: ,,•••■•41:rx -•-=;110" N^ 44 •-"tr• • — 00.4 4 DY,/,./f/Y1', /7/, ,v,/, V Paper Money Whole No. 168 Page 199 Notes for $1.25, $1.50 and $1.75, when you can find them, will cost more. Some of these fractional notes were at one time related to the Spanish milled dollar or "piece of 8" The Spanish silver coin, once legal tender in the United States, was divided into bits. One-half equalled four bits, one-quarter was two bits. Some examples of these bank notes show the image of the coin on the note, especially those for 254 and 504. If you would pursue additional notes that are related to the legendary "piece of 8", you would see notes for 12 1/24 even 6 1/44. If these fractional and odd denominations appeal to you, consider the topic of the first column in this series—colonial paper money. The Continental Congress and at least five colo- nies or states issued fractional notes and notes for $4, $6, $7 and $8. Some colonies issued notes in shillings and pence, some in dollars, some in both units. The Continental Congress and Maryland issued notes for $1/6, $1/3, $2/3, $1/9 and $2/9. Massachusetts, New York, Rhode Island and Virginia issued notes for those other odd denominations. The $1 note from Virginia dated 1777 includes the Spanish milled dollar in the design. Again, for the price of about $25 each, you will be limited to specific issues. Odd denomination obsolete notes are sometimes related to the price of a particular product within a specific area. In addi- tion, some railroads also issued bank notes, and what could be common among obsolete bank notes. This denomination is a popular one to collect, however, since there are so many different examples. You should be able to find enough that will not exceed your budget. In addition there are notes for $1.25, $1.50, $1.75, $4, $6, $7, $8 and $9. There have been paper money issues for $11, $12 and $13; however these are rare, and command hundreds of dollars. Odd denomination bills are extremely popular, conse- quently supply and demand creates relatively high prices. Three banks in New Jersey issued paper money that included $6, $7, $8 and $9 notes. The notes from The People's Bank in Paterson, New Jersey are affordable. These fascinating notes should be priced at about $25 each, perhaps a bit more or less depending on condition. There is no way that a cash register could accommodate all of these different denominations. Each businessman, propri- etor and saloon keeper must have devised their own method to keep these notes ready for making change. Today many people reject $2 bills. In the middle of the last century denominations that were a convenience for some must have been a nuisance for others. more convenient than denominations that related to specific fares. There is a particular odd denomination note that should be affordable. In the 1860s the Missouri Defence Fund issued a note for $4.50. Although it looks like a bank note, it was con- sidered to be more like a bond. These attractive notes with a rust-colored background are not too expensive. This Missouri note was printed by Keatinge & Ball in Colu- mbia, South Carolina, the printer of many Confederate notes. This tiny credit line at the bottom of the note reminds us of the location of Missouri and how its loyalty to the Union and the Confederacy moved from one side to the other. These and other notes are frequently seen without signa- tures. Notes without signatures are most often remainders, or notes that were never issued. Nevertheless, a piece of paper money for $4.50 should provoke some conversation in any company. (Copyright story reprinted by permission from Coin World, March 22, 1993) NallorraltIvutarenew SIC0108.1111MISTAUSIMPSMOITIIMITIITHEINSSIMB1119Nt r MUTED STATES OF AMERICA f tt) ,tt-L-dtrOrt rflAttlik,Lig 12570 I 4 Utlaaliali=d Twit Tmalkft-8.1% • • ' Paper Money Whole No. 168Page 200 Fingraved and Overprinted Signatures on Series of 1902 National Bank Notes (c:*S i THE PAPER COLUMN by Peter Huntoon INTRODUCTION The problem of signing notes became a burdensome, if not overwhelming, task for the officers of many banks. No presi- dent or cashier of a large bank had time to hand sign large numbers of notes so they either had someone rubber stamp or otherwise affix the signatures on the sheets, or sent the sheets to a printer who overprinted the signatures. An amendment to the National Bank Act dated March 3, 1919 authorized the use of engraved signatures on national bank notes. Thus the bank signatures could be engraved directly on the printing plates by the Bureau of Engraving and Printing. In 1926 an unusual step was take at the Bureau to offer relief for one bank. Signatures began to be overprinted on the sheets for the Chatham Phenix National Bank and Trust Company, New York, New York (10778). ENGRAVED BANK SIGNATURES N an amendment to the National Bank Act dated March 3, 1919, Congress provided that national bank notes could be guaranteed by the "written or engraved signa- tures of the president or vice president and cashier:' The officers of the large banks, and many smaller banks, leapt at the chance to have their signatures engraved on their plates and were only too happy to pay the extra cost. Consequently, these notes are not rare. Signatures were added to existing plates and they were placed on new or replacement plates. The notes are easily dis- tinguished because the lines under the bank signatures were re- moved from existing plates, or omitted from new plates. An excellent example of the use of engraved signatures in- volves the Series of 1902 plates listed in Table 1 for The Bank of Italy National Trust and Savings Association, San Francisco (13044), all of which were used to print blue seal plain backs. Notice that signatures were first added to current plates, and then later replacements were made with them. Banks chartered in the period 1919 to 1929 were able to use engraved signatures from the beginning. The Lincoln National Bank of Newark (12570) is a case in point. Notice that the note shown is the "B" subject from the first plate made for the bank. The Annual Reports for the Bureau of Engraving and Printing state that engraved signatures were added to five Series of 1902 date back faces and eight Series of 1902 plain back face plates Table 1. Record of Series of 1902 plates made for The Bank of Italy National Trust and Savings Bank, San Francisco, California (13044), showing the use of engraved signatures. Data from Bureau of En- graving and Printing (various dates-a). 5-5-5-5 10-10-10-10 10-10-10-20 50-50-50-100 A-B - C -D E - F- G - H E-F-G-H sigs added I-J-K-L sigs M-N-O-P sigs Q-R-S-T sigs D - E - F- G D - E - F- G sigs added K-L-M-N sigs A-B-C-A A-B-C-A sigs added FI-I-J-B sigs A-B-C-A A-B-C-A sigs added $10 Series of 1902 blue seal plain back from the Lincoln National Bank of Newark, New Jersey (12570) with en- graved bank signatures. This note is from the first plate made for the bank. 414 . _ NTT" Paper Money Whole No. 168 Page 201 in fiscal year 1922. Signatures were added to 19 more Series of 1902 face plates in fiscal year 1923. The Series of 1902 date back plates altered in 1922 had to be 50-50-50-100s because these were the only date back denominations being printed at that time. The Series of 1882 expired on July 12, 1922, over three years after engraved signatures were authorized, so it would have been possible for engraved signatures to have been added to Series of 1882 plates. However, the annual reports for the Bureau do not indicate that signatures were added to any Series of 1882 plates. A total of ten new Series of 1882 plates were made between July 1, 1918 and April 12, 1922, but it is not stated whether any of these were ordered with engraved signatures. It is doubtful if they were because none have been reported to date. CHATHAM PHENIX OVERPRINTED BANK SIGNATURES The Bureau of Engraving and Printing overprinted bank signa- tures on Series of 1902 blue seal plain backs for the Chatham Phenix National Bank and Trust Company, New York, New York (10778) during fiscal years 1927, 1928 and 1929. This was the only bank in the country to utilize Bureau overprinted sig- natures. The discovery of this special case was a totally unex- pected surprise for me that began to unfold in 1968 or 1969 when I stumbled on the entries shown in Table 2 in the 1927-1929 annual reports for the Bureau of Engraving and Printing. In 1969 Chuck O'Donnell arranged a visit with Morton C. Rice of the Bureau of Engraving and Printing staff and I tagged Table 2. Statement showing amount of reimbursements received for furnishing services and materials in connection with printing done for other departments and bureaus. Data from Bureau of Engraving and Printing (1927-1929). Treasury Department Comptroller of the Currency Etched plates and overprinted signatures on national bank currency Compensation July 1, 1926- June 30, 1927 July 1, 1927- June 30, 1928 July 1, 1928- June 30, 1929 of employees $658.20 $795.41 $925.71 Materials and miscellaneous expenses 32.46 30.48 31.59 Total $690.66 $825.89 $957.30 $20 Series of 1902 blue seal plain back from The American Exchange- Pacific National Bank, New York, New York (1394) with engraved bank signatures. This note is from a plate made on August 4, 1925, after the title was changed on August 1 from The American Exchange Na- tional Bank as a result of a consoli- dation with The Pacific National Bank of New York (12757). , )TIVIENTI<+" $20 Series of 1902 blue seal plain back from the Chatham Phenix National Bank and Trust Company New York, New York (10778) with bank signatures that were overprinted by the Bu- reau of Engraving and Printing. • ,1101EMWEriattE,MatintE1164:C=IMMWISMIll---- . _ t'A , Vn -V2 35530 .LTI1C.nr to. g t.awe 11_141:06,IOWw el Ti 2/4"*IT4Wett: 1 e-... Alilibatat444.4.111=-1.1,174IL )111.V-PWW(1-11°11.-WOW s ///t#, ..ed Aito 4.t). 4,/iW7/1 /,.-: -0; '', -' 'z 6 z--c-{ a Mt ■ MI .10E, r 1394 liTerasim kktzi:k 11Allia411131VV 0 flliNeViAttIVKtr 44044‘04144041-141..614.1444.at W.Mit4.41iLV 147730 Cret/tetegit ' 391011MMECI 147730 Page 202 Paper Money Whole No. 168 along. I was allowed to look through a small supply of specimen sheets encompassing several classes and series in the possession of the Bureau. Much to my surprise, I came upon two sheets of Series of 1902 notes with overprinted signatures. Both were on the Chatham Phenix National Bank and Trust Company, and were as follows: Combination Plate Check Letters Serials 5-5-5-5 Q - R-S -T 000000 10-10-10-20 J-K-L-D 000000 The 000000 serials are typical of specimen sheets. Hand- written in the margin of each sheet was the date November 23, 1927, presumably the day the sheets were completed. The Johnston-Kaufman bank signatures were overprinted, being neatly and firmly impressed on the paper. The fact that these sheets were saved out of all the thousands of other Series of 1902 possibilities reveals that the Bureau personnel were very proud of this innovation. On June 2, 1993 I found records in a dilapidated ledger bu- ried in the U. S. National Archives repository in Suitland, Mary- land that fleshed out this most interesting story. The last entry for billing out plate work for large size national bank notes in the ledger is a $384.17 charge for overprinting bank signatures on the Series of 1902 notes for the Chatham Phenix National Bank and Trust Company (Comptroller of the Currency, 1926-1933). By backtracking through this ledger, it was clear that the only bank for which these types of charges were being assessed was the Chatham Phenix bank. Furthermore, the ledger disclosed that this was the only bank in the country for which large size bank signature overprinting plates were pre- pared. The charges included at least two or possibly three over- printing plates at a cost to the bank of $40 each. The $40 plate charge compares with $120 for replacement 4-subject face plates at the time. An explanation for this special circumstance can be inferred from the plate ledger. On July 26, 1926, at the request of the bank, the Comptroller placed an order with the Bureau to add signatures to the Chatham Phenix plates. However, according to a note in the ledger, this order was cancelled by the bank be- cause the existing plates were worn and replacements would be ordered shortly. Obviously the bank did not want to waste money adding signatures to the worn plates. As shown in Table 3, the 5-5-5-5 M-N-O-P and 10-10-10-20 G-H-I-C replacements were subsequently ordered in August. It appears that the bank inadvertently failed to request en- graved signatures when the replacement plates were ordered because the new plates were made without them. Conse- quently production continued, resulting in the addition of several thousand sheets without signatures to the Comp- troller's inventory. The bank clearly wanted signatures on those existing sheets as well as future production. The solution that was obviously settled upon was preparation and use of a signature overprinting plate which could handle both the ex- isting and future printings. The overprinting plate was ordered Table 3. Series of 1902 face and overprinting plates manufactured for the Chatham Phenix National Bank and Trust Company, New York, New York (10778). Dates shown are when the Bureau certified the face plates for use and when the Comptroller billed the bank for the overprinting plates. Data from Bureau of Engraving and Printing (various dates-b) and Comp- troller of the Currency (1926-1933). Last plates with title: Chatham Phenix National Bank. 5 5 5 5 10-10-10-20 50-50-50-100 Plates with title: 11 3 -V3-W3 -X3 AA-B B -Cc-I A-B-C-A Chatham Phenix National Bank and Trust Company Mar 25, 1925 5-5-5-5 A-B-C-D Mar 25, 1925 10-10-10-20 A-B-C-A Dec 21, 1925 5-5-5-5 E-F-G-H Jan 21, 1926 10-10-10-20 D - E - F- B Mar 8, 1926 5-5-5-5 I-J-K-L Aug 25, 1926 5 5 5 5 M-N-O-P Aug 26, 1926 10-10-10-20 G-H-I-C Dec 2, 1926' signature overprinting plate Jan 18, 1927 10-10-10-20 J - K- L- D Jan 19, 1927 5-5-5-5 Q-R-S-T Nov 11, 1927 10-10-10-20 M-N-O-E Nov 26, 1927 5-5-5-5 LI-V-W-X Mar 8, 1928 b signature overprinting plate Apr 27, 1928 10-10-10-20 P-Q-R-F Jul 17, 1928 5 5 5 5 AA-BB-CC-DD Oct 24, 1928' signature overprinting plate Jan 10, 1929 5-5-5-5 EE-FE-CG-HH Jan 10, 1929 10-10-10-20 S-T-U-G a. $239.05 billing includes the $40 cost for the plate and press runs of 39,987 5 5 5 5 and 19,775 10-10-10-20 sheets. b. Billing includes only the $40 cost for the plate. c. $306.61 billing is a lump sum for a plate and overprinting, but it is not absolutely clear that a new plate was made. Paper Money Whole No. 168 Page 203 and put in service sometime after the replacement face plates were made in August. Series of 1902 5-5-5-5 sheets through 172043 and 10-10-10-20 sheets through 98567 had been printed prior to December 2, when the bank was first billed for signature over- printing. The billing record shows that 39,987 5-5-5-5 and 19,775 10-10-10-20 sheets had been overprinted, which would make 5-5-5-5 sheet 132057 and 10-10-10-20 sheet 78793 the first to receive Bureau overprints. The signatures on the Chatham Phenix $20 shown here were printed from this first Bureau plate. A second overprinting plate was made for the bank by the Bureau and billed to the bank by the Comptroller on March 8, 1928. Usage of it commenced with 5-5-5-5 sheet 325014 and 10-10-10-20 sheet 190649. This plate also utilized the Kaufman- Johnston combination. However, the signatures are from different handwriting specimens and the line weights are con- siderably bolder. In addition, Johnston's signature is smaller. If a third overprinting plate was made by the Bureau in October, 1928, is was identical to the second because notes printed from it look the same. Kaufman and Johnston's signatures were in use prior to the Bureau plates. The most recent were overprinted by a private contractor. These can be distinguished from the first Bureau overprints because Kaufmann's signature on the contractor plate is huge and very bold in comparison. The Comptroller billed the Chatham Phenix bank an extra $2,593.85 for the honor of being the only bank in the country to utilize Bureau overprinted signatures between 1926 and 1929. These charges were calculated at $4 per 1,000 sheets plus the costs for the plates. The Bureau of Engraving and Printing charged the Comptroller's office $2,473.85 for this service. Had the officers of the bank simply gone with their initial July 26, 1926 request to have engraved signatures added to their ex- isting but worn plates, the bank would have incurred a onetime charge of $284 and been done with the matter! REFERENCES CITED AND SOURCES OF DATA Bureau of Engraving and Printing, 1927-1929, Annual reports of the director of the Bureau of Engraving and Printing for the fiscal year ending June 30: U. S. Government Printing Office, Washington, DC. Bureau of Engraving and Printing, various dates-a, Certified proofs from national currency face plates: National Numismatic Collections, Smithsonian Institution, Washington, DC. Bureau of Engraving and Printing, various dates-b, Records of national currency plates: U. S. National Archives, Washington, DC, record group 318. Comptroller of the Currency, 1926-1933, List of plates engraved for na- tional banks: U. S. National Archives, Suitland, Maryland, accession 70A1478, box 224. United States Statutes, Act of March 3, 1919, pertaining to national banks: U. S. Government Printing Office, Washington, DC. A SHARP COUNTER IS THE SCOTCH TELLER The annual loss from wear and tear of gold coins in England by reason of absence of small notes is almost incredible. In Scot- land the issue of £1 notes displaces gold to a great extent, and is almost as rare as here. The Scotch teller excells in counting paper money. In handling gold and silver he is altogether be- hind the age, keeping those metals before him in little old- maidish piles which would make a London teller shriek with derision. But in fingering a bundle of notes he is a king of men. Placing the packets upright against his left palm and seizing the top corner between the finger and thumb of his right hand he will turn over the notes so quickly that an ordinary observer will be as entirely deceived as by the three-card trick and will probably count only sixteen or seventeen to the teller's twenty. Then, to check his count, he will either alternate his hands, or, placing the notes horizontally on his counter, he will count them toward himself with the same paralyzing speed.—The Centralia (Wis.) Enterprise and Tribune, Oct. 29, 1887. RESEARCH (Continued from page 187) cause the restrictions withholding such records had now changed. Researchers who were informed in the past that cer- tain national bank records were required to be withheld from them as a result of these prior specific restrictions should now apply again for records that might aid their research. The National Archives and its extremely competent and cooperative staff have greatly enhanced my knowledge, ap- preciation, and enjoyment of the national bank notes I have collected by helping me obtain the records and information I sought. I advise all collectors of national bank notes to utilize the vast resources of the National Archives to enable them to better appreciate and enjoy their notes. Address letters of inquiry to Jack H. Fisher, 3123 Bronson Boulevard, Kalamazoo, MI 49008. This article was originally printed in the Spring 1992, Vol. 24 No. 1 issue of PROLOGUE, a quarterly of the National Archives. It is reprinted here with permission. IMPORTANT NOTICE TO ALL MEMBERS If you are missing one of the issues of 1993 PAPER MONEY, please notify the Secretary immediately. Please indicate which issue(s) you are missing, and enclose $3.75 for each issue. Notes From .1 All Over Judith Murphy Page 204 Paper Money Whole No. 168 To tell you that I was surprised to see my picture on the front cover of the last issue of PAPER MONEY would be an under- statement at least. Wasn't my idea folks. Guess if we haven't met you all won't have any trouble recognizing me now though. A question for you: How many of us see ourselves as conser- vators as well as collectors? That has been part of the pleasure of collecting for me, the idea that I am helping to preserve a part of our history. Can you remember how you happened to become interested in collecting in the first place? I mentioned exhibiting in the last column. I know that many of you have won important awards at major shows across the country and over the years. I am willing to bet that some of you have never exhibited and wonder why. Our regional library has a case for anonymous exhibits of whatever you collect and I plan to avail myself of that real soon. I also invite any of you all in my area who would like to be a part of this. We feel very fortunate that we have been able to turn a hobby into a business and consider it imperative that we give something back and do this by being active in several numismatic organizations. At a school at- tended by a grandson we have had the opportunity to present a program on the history of trade/barter and money to a sev- enth grade Civics class and show examples of primitive money, ancient coins, colonial currency, state and CSA notes, to men- tion a few. Invariably, half a dozen or so of the students will ask "where do you get these things?" We refer them to their local clubs, state organizations, shows, and suggest books from their libraries. I'll bet there is a school in your area that would wel- come a similar thirty minute program. Much has been said in the numismatic press about the demise of the Essay Proof So- ciety and the Atlanta Coin Club this past year. Atlanta failed in part because they did nothing to encourage new members, par- ticularly young folks, sad to say. One can do much in many little ways to share knowledge and offer others the opportunity for enjoyment that has been afforded us in numismatics. Won't each of you in the coming year think of a way to pass it on and write and tell us about it? Sign up one new member in 1994—now there is a New Year's resolution as easy to keep as to make. Hope to see many of you in Orlando in January. Best wishes for the coming year. Let's pray for peace everywhere. IMPORTANT NOTICE TO ALL MEMBERS If you are missing one of the issues of 1993 PAPER MONEY, please notify the Secretary immediately. Please indicate which issue(s) you are missing, and enclose $3.75 for each issue. DID YOU KNOW? That you can automatically receive every souvenir card issued annually by the Bureau of Engraving and Printing? Each year the BEP offers its Souvenir Card Subscription Service. The cost of this service is only slightly higher than what you would pay if you purchased the cards singly at each event where they are sold. Since few of us are fortunate enough to at- tend each show, this service guarantees that you will receive each card through the mail. For those events where the BEP takes its famous "Spider Press," you also have an opportunity to purchase specimens of the "special" cards produced at the show. If you desire, you may purchase multiple subscriptions. Contact: Bureau of Engraving and Printing Public Sales Division, Room 602-11A 14th and C Streets, SW Washington, DC 20228 SOCIETY OF PAPER MONEY COLLECTORS, INC. YEAR END SUMMARY OF FUNDS: June 30, 1993 Publication Fund—Wismer Fund Previous Balance 24,793.96 Book Sales 3,500.00 Donations 1,069.25 New Balance 29,363.21 General Funds Certificates of Deposit: CD # % Matures Current Value 82414 .081 7/93 5,122.34 201714 .034 12/93 5,499.87 201790 .035 10/93 16,162.17 202038 .034 12/93 5,366.12 202051 .034 10/93 12,750.30 202129 .034 12/93 10,598.02 U.S. Bonds 9/95 16,200.00 Total $71698.82 Cash on Hand 6/30/93 16,652.47 General Funds in CDs 71,698.82 $88,351.29 Less Wismer Fund 29,363.21 Less Life Member Fund 5,116.72 Actual General Funds Available $53,871.36 Life Membership Fund: Total June 30, 1992 34,116.72 Income 6,800.00 Less member dues ( 2,800.00) Death ( 300.00) Balance $37,816.72 Life Member Certificate of Deposit: #201789 7% 10/96 Current Value $32,700.00 Cash general funds 5,116.72 $37,816.72 Submitted by Dean Oakes, Treas. Paper Money Whole No. 168 Page 205 Society of Paper Money Collectors Statement of Operations INCOME Third Quarter Fourth Quarter Year $21,442.26 Dues 1993 Renewals 20,815.00 6,960.00 New Members — Life Members 2,250.00 1,650.00 Advertising 2,328.87 1,961.25 Book Sales 3,500.00 Magazine Sales 220.50 155.75 Publication Fund 561.25 508.00 Interest on Checking 158.71 188.34 Interest on C.D 's 576.95 564.41 C.D.'s cashed in — Misc.—Postage 3.29 — Convention Banquet 983.00 Counterfeit Listing — — Total Income $26,914.57 $16,470.75 $52.916.17 EXPENSES Printing 7,372.97 8,580.72 Editorial and Pre-Press Fees 601.23 1,769.30 Postage 435.00 CD & Bond Purchase 16,200.00 Convention Expense Officers Expense Secretary Expense 210.14 284.10 Assistance 390.00 New Member Expense 245.81 107.32 Assistance 120.00 105.00 Awards 160.50 Corporate & Legal Fees 175.00 Advertising 441.88 324.60 Dues Paid 30.00 — Bad Checks 40.00 — Back Issue postage & expense 227.56 Total Expenses $ 9,497.03 $28,324.10 $57,705.95 Previous Bank Balance 11,088.28 28,505.82 Income 26,914.57 16,470.75 Expense (9,497.03) (28,324.10) Outstanding Deposit — Uncleared Checks (1,976.73) Current Balance $28,505.82 $16,652.47 $16,652.47 Page 206 Paper Money Whole No. 168 Meet Your Charter Members Nelson A. Rieger Several years ago I started as- sembling my own collection of Colorado's historical mining and railroad certificates, and realized that a good collectors' guide book was needed. After about a year of work on this book, I was diverted into my early Colorado art collecting and writing (for these past 4 years). Now it is back to the collectors' guide for early Colorado mining and railroad certi- ficates, to be published in 1993. ["Buz" Rieger, a former banker and college professor of manage- ment, currently manages his own Enterprise Investment Com- pany in Colorado Springs. In addition to his art interests and community service commitments, he is an avid hiker with his Labradors and is a world traveler. In October 1978 he acquired a large landscape painting of Pike's Peak. He was fascinated by the painting, and began extensive research into its history. His research led to the discovery that the painting was the last large landscape executed by the famous painter, George Caleb Bing- ham. Mr. Rieger's story of this beautiful work, entitled "Colorado Landscape, View of Pikes Peak from Greenland," was the subject of the article "Odyssey to an Authentication;' which appeared in the April 1991 issue of Missouri Historical Review, published by the State Historical Society of Missouri. Addition- ally, Mr. Rieger wrote and published a beautifully researched and illustrated biography of another famous western painter, entitled "Charles Craig: Pikes Peak Indian Painter" If these two works are any indication of his research abilities, his projected guide book about Colorado's historical mining and railroad certificates will become a standard.—Bob Cochran] New Literature A Catalogue of Nevada Checks, 1860-1933. D. McDonald. 128 pp., illus. Gypsyfoot Enterprises, P.O. Box 350093, Grantsdale, MT 59835. Softcover $19.50, add $1.50 for shipping. This is the second book on the subject of Western documents within a few months. This one, however, is devoted exclusively to checks and related fiscal paper from Nevada. It is the first to document the fiscal paper from this territory and state. Documents are listed alphabetically by community, then by firm name. All pertinent features of each piece are given, in- cluding colors, dimensions, printers, revenues, vignettes, signers, etc. A rarity scale and retail values are included. Over 1,600 pieces are listed, and there is an illustration on all but a few pages. For the first time the reader has access to the listings of all known varieties of Nevada warrants from both the territorial and statehood years, as well as a complete listing of varieties contained in the massive release of Humboldt County warrants. The earliest known Nevada check is illus- trated, as are examples of documents signed by Orion Cle- ments (Mark Twain's brother), spurious Wells Fargo handstamps, and identified signatures of Governor Richard Kirman and those of his father. The collecting of checks and other fiscal paper continues to grow in popularity. This book should be of interest to col- lectors, dealers, and armchair historians. (ed.) A Check List of Ships (Boats, Watercraft) on German Notgeld. D. Musser, six pp., illus. D. Musser, Box 905, Lacoochee, FL 33537. $1; $5 for list in plastic binder, both postpaid. Dwight Musser, known for his compilations of notgeld, has put together this list of over 170 different varieties from about 100-issuing authorities, all identified by denomination, date, type of watercraft, prominence of subject matter and estimated collector value. Previous check lists by Musser document the subjects of Christmas, Martin Luther, medicine, sports, windmills, maps and witchcraft. [ed.] New Literature Collecting world paper money is both the subject and the title of the latest publication by the Professional Currency Dealers As- sociation (PCDA). The booklet is by Lance Campbell, the first vice president of the International Bank Note Society. This newest publication is designed to introduce collectors to the possibilities of collecting world paper money. In doing this Campbell introduces each continent as a possible target for a collector by briefly describing the paper money history of that area and by telling a few interesting stories related to the area and its paper money. Campbell describes many aspects of paper money as well. The manufacturing of paper money is explained. Essay, proof, specimen, and replacement notes are all described and illus- trated. A few classic counterfeiting schemes are discussed, as are the emerging and so-called dead countries. Each section of the booklet includes illustrations representa- tive of the topic. The illustrations are an interesting mixture of rare and exotic notes to illustrate a point and will entice ad- vanced collectors with other very common (but attractive and interesting) notes that a beginner might encounter. The inside back cover is the grading guide which has been adopted by the International Bank Note Society. The book includes some surprises for everyone. Every copy includes some actual modern paper money! These notes were carefully selected to demonstrate many aspects of paper money production and collecting. They will be useful while reading the booklet or for starting a collection. Materials are also in- cluded about membership in the major collectors' associ- ations. To top off all the other features, a small group of more valu- able notes have been mixed in the group as well as gift certi- ficates and other surprises. Some of these individual prizes are worth $100 or more! This booklet is the third of a series being produced as a public service by the PCDA. The first, Collecting United States Obsolete Notes, by Gene Hessler, was released in 1991. The second, The Wonderful World of Paper Money, by Neil Shafer, was released in 1992. Collecting World Paper Money is the first for 1993. Another will be released later this year. Paper Money Whole No. 168 Page 207 The association also publishes a membership directory with information about each member dealer. This pamphlet is available by writing to the association. The Professional Currency Dealers Association sponsors a major paper money show and association convention each fall in St. Louis, Missouri. The show is a full feature event with educational and social events as well as commercial activities. The show has exhibits and educational programs as well as a paper money bourse and a major auction. Inquiries about the show may be directed to the general chairman, Ronald Horstman, at Box 2999, Leslie, MO 63056. All of the booklets are available from PCDA members or by writing directly to the PCDA at Box 573, Milwaukee, WI 53201. Please include $2 for each booklet ordered. Also available at no charge is a membership directory of the PCDA. Call for Nominations for 1994 The following governors' terms expire in 1994: Michael Crabb, Jr., C. John Ferreri, Robert R. Moon and Stephen Taylor. If you have suggestions, or if the preceding governors wish to run for another term, please notify Bob Cochran, Secretary of the SPMC. In addition, candidates may be placed on the ballot in the following manner: (1) A written nominating petition is submitted, which has been signed by ten current members; (2) An acceptance letter from the person being nominated is submitted with the petition; (3) Any nominating petitions (and accompanying letters) MUST BE RECEIVED BY THE SECRETARY BY FEBRUARY 1, 1994. Biographies of the nominees and ballots for the election will be included in the March/April 1994 issue of PAPER MONEY. The ballots will be counted at Memphis and announced at the SPMC general meeting held during the International Paper Money Show. First-time nominees should send a portrait and a brief biog- raphy to the editor, Gene Hessler. Unless new information is sent, the editor will use the same portraits and biographies of those who seek another term as governor as were used in the past. CALLING ALL EXHIBITORS!! The Society of Paper Money Collectors counts among its mem- bership some of the most prolific, accomplished AND award- winning exhibitors in the entire field of numismatics! Those of you who exhibit at the ANA, Memphis, St. Louis and other shows are invited to "display your exhibit" in the pages of PAPER MONEY. If you've written text to go along with your display, then you're almost done with an article! All you need to furnish with the double-spaced text are black and white photographs that will illustrate your exhibit article. Unless absolutely necessary, send no more than six photographs. The SPMC will reimburse you for REASONABLE—REPEAT, REASONABLE—costs of photography when the subjects are used for an article submitted to PAPER MONEY. Quality 3x5 photographs that cost about $1 each, or less, will suffice. The photographs will be returned to you after the article is printed. There are many, many SPMC members who regularly exhibit at shows. Yet we all recognize that many other SPMC members aren't able to attend these shows. Wouldn't it be nice if your ex- hibit could be viewed and enjoyed by all SPMC members? Judging from the exhibits I see every year in Memphis and St. Louis, the follow-up effort to convert our members' exhibits into articles would be minimal. PLEASE consider "exhibiting" in the pages of PAPER MONEY. Share your collection with all SPMC members! BEP Employees Help Victims of the 1993 Mississippi Basin Flood Bureau of Engraving and Printing employees have volunteered to produce and sell a souvenir card to benefit victims of the Mississippi Basin Flood. Employees are donating their time, labor, skill and expertise to produce this special fund-raising souvenir card. Proceeds from the sale of the cards will be do- nated to relief agencies helping flood victims. Employees of the Bureau are not alone in this effort. Other organizations are donating their time and resources for the production, mar- keting and sale of this beneficial card. The Souvenir Card The background of the Mississippi Flood Relief card is a reproduction of an original piece of art showing the Eads Bridge which spans the Mississippi river at St. Louis. The scene is entitled "Mississippi River Bridge'The design was taken from an admission ticket to a political convention which was held in St. Louis in June 1896. In the lower corner of the card is a vign- ette, identified only as "Southern Freight Steamer!' The en- graving was completed in 1926 by Joachim C. Benzing and was used for the face of a Farm Loan Bond. Terms of Sale The card will be available for sale at the Visitors Center of the Bureau of Engraving and Printing and through the mail. They will be sold for $10 over-the-counter and for $12.50 through the mail. Information Needed About Small-Size $2 United States and Federal Reserve Notes As a scientist I would like to advance the research of small-size $2 currency (single notes, cross-over pairs, uncut sheets, etc) by generating a database, and then publishing the findings on $2 U.S. Red Seal and $2 Federal Reserve Green Seal notes. I'm asking for the assistance of PAPER MONEY readers in gathering information about the aforementioned note(s). Please provide a complete description of the note(s) such as: serial number, face and back plate number, block, series, grade, and any other descriptive information. Previously unreported mules or notes should be verified by either a photograph or photocopy. All attempts to keep the owner's anonymity will be made. Please send the information to: Brian E. Cohen, P.O. Box 5222, Toledo, OH 43611. Paper Money Whole No. 168Page 208 mon ',or mar NEW MEMBERSHIP COORDINATOR Ronald HorstmanNEW St. LoP ui.s0.mBoox636013191 MEMBERS 8460 Robert Mallets, 2 Fenway St., Wilmington, MA 01887; C. 8461 William Lassig, 1173 Cross, New Braunfels, TX 78130-5819; C, U.S. currency. 8462 Fernando Forte, Rua Guilherme Henschel 399, CEP 04826-130, Sao-Paulo, SP. Brazil; C, Brazilian obsolete notes. 8463 Arthur Henrick, 346 Roosevelt Ave., Sunnyvale, CA 94086-4438; C, U.S. state & federal notes. 8464 Greg D. Ruby, Box 728, Hampstead, MD 21074-0728; C, U.S. & MPC. 8465 Patrick J. Granigan, 3104 S. Lakeshore Dr., St. Joseph, MI 49085; C, obsolete notes. 8466 Joseph M. DeMeo, P.O. Box 987/#47, Valley Forge, PA 19482-0987; C, $2 notes & obsolete notes. 8467 Gary L. McDonald, P.O. Box 67, Cameron, NY 14819-0067; C, U.S. currency. 8468 Erling Butts, 615 N. 6th St., Missouri Valley, IA 51555; C, U.S. currency. 8469 H.J. van Reijen, PO Box 249, St. Peter Port, Guernsey C.I., Great Britain. 8470 Michael J. Callan, Box 667, Hot Springs, SD 57747; C, U.S. currency. 8471 Nolan C. Bishop, PO Box 714, Graham, TX 76450; C, Large- size notes. 8472 M.S. Carbonaro, P.O. Box 1792, Jamestown, CA 95327. 8473 Hal Guthrie, 7056 Country Oaks Dr., Southoun, MS 38671; C. 8474 Jerry White, 8251 Richland Rd. Rt. 2, Columbia, MO 65201-9696. 8475 George S.D. Cheng, 167-71 Qingyun Road, Shanghai 200081, China. 8476 N.A. Magnuson, 918 South 138th St., Seattle, WA 98168; C. 8477 Mary E. Volk, 4332 Fairfield Rd., Chippewa Falls, WI 54729; C. 8478 John M. Bevilacqua, 81-25 Surrey Place, Jamaica Estates, NY 11432-1434. 8479 Richard C. Hayes, 6612 Sherrod Dr., Fayetteville, NC 28314; C&D, World notes. 8480 Richard Pugh, Box 267, Williamsburg, IA 52361, 8481 Roger Moulton, 3703 Waltham Ct., Yardley, PA 19067; C, TX NBN. 8482 Jack H. Henley, Rt. 2 Box 402A, Sinton, TX 78387; C. 8483 Robert W. Dunn, 7678 Brownsway Rd., Conway, SC 29527; C&D, obsolete notes. 8484 Hope Wolfgram, 1401 Kilaga Springs, Lincoln, CA 95648. 8485 Stephen R. Bales, 2 Fairway Rd., Asheville, NC 28804; C&D, all currency. 8486 William I. Stratemeyer, 9402 Dawnvale Rd., Baltimore, MD 21236; C, Foreign & frac. notes. 8487 Bernhard Wilde, PO Box 1001, Los Alamos, NM 87544; C, U.S. & World. 8488 Charles J. White, 8376 Cypress Lane, Florence, KY 41042; C. 8489 Chris Venner, 1461 Summer St. #B, Eureka, CA 95501; C, Lg. size notes. Paper Money will accept classified advertising from members only on a basis of 154 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 mate- rial 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 first of the month preceding the month of issue (i.e. Dec. 1 for Jan./Feb. 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) OLD STOCK CERTIFICATES! Catalog plus 3 beautiful certificates $4.95. Also buy! Ken Prag, Box 531PM, Burlingame, Calif 94011. Phone (415) 566-6400. (182) STOCK CERTIFICATE LIST SASE. Specials: 100 different $31; five lots $130. 20 different railroad stocks, mostly picturing trains, $30; five lots $125. Satisfaction guaranteed. Always buying. Clinton Hollins, Box 112P, Springfield, VA 22150. (172) WANTED: ADVERTISING BANKNOTES for dentists, veterinary, chiropractors, patent medicines (not Morse's Pills). Facsimile or over- printed notes. Interested in drugstore script. Ben Z. Swanson, Jr., 616 South Hanover Street, Baltimore, Maryland, 21230-3821. (173) WANTED: LARGE SIZE NATIONAL CURRENCY from Cherokee, Oklahoma and Grand Rapids, Minnesota for personal collection. Sid Moore, P.O. Box 57, Cohasset, MN 55721. (168) OHIO NATIONALS WANTED. Send list of any you have. Also want Lowell, Tyler, Ryan, Jordan, O'Neill. Lowell Yoder, P.O.B. 444, Holland, OH 43528, 419-865-5115. (170) STATE NOTES WANTED: New Jersey-Monmouth County obsolete bank notes and scrip wanted by serious collector for research and exhi- bition. Seeking issues from Freehold, Monmouth Bank, Middletown Point, Howell Works, Keyport, Long Branch, and S. W. & W. A. Torrey- Manchester. Also Ocean Grove National Bank and Jersey Shore memo- rabilia. N.B. Buckman, P.O. Box 608, Ocean Grove, N.J. 07756. 1-800-533-6163. (171) Guntersville, Tucson, Daytona Beach, Honolulu, Zeigler, Mishawaka, Anamosa, Goff, Hodgenville, Skohegan, Braintree, Ludington, Yazoo City, Reno. 46 states. Free list (specify state). Apelman, Box 283, Covington, LA 70434. (169) JACK FISHER BUYING AND PAYING COLLECTOR PRICES for Michigan First Charter Nationals, all Kalamazoo, Michigan notes, Second and Third Charter $100 all States, 1935 Canada $500 and $1,000. Jack Fisher 3123 Bronson Boulevard, Kalamazoo, MI 49008. (172) WANTED FOR PERSONAL COLLECTION. Any note from the North Georgia National Bank of Blue Ridge, Charter NR: 6079. Lewis B. Nunnally Jr., 84 South Lawin Ave., 1104 Quezon City, Philippines. POLAND, RUSSIA, POW, BALTIC STATES, Germany, POW, Europe, world banknotes. Buy, sell, trade. Free price list. Tom Sluszkiewicz, P.O. Box 54521, 7398 Edmonds, Burnaby B.C., Canada V3N 1A8. (171) L.: LICAtVis• ar 1% " -9 .61)1) w" "'" Jur ro.• lirt.te41) latIWIDt■Tr*.j.: 02006 4ti.;41140 0 65 t1 o itItsr4iir rtigalta r. hat we have done for others, we can do for you. Telephone Dr. Richard Bagg today, or use the coupon provided. Either way, it may be Paper Money Whole No. 168 Page 209 Realize the best prices for your paper money. o with the world's most successful auction company— Auctions by Bowers and grad This Merena, Inc. When you consign $55 your collection or individual important items, you go with a firm with an unequaled record of success! ver the years we have handled some of the most important paper money collections ever to be sold. Along the way our auctions have garnered numerous price records for our consignors. Indeed, many of our sales establish new price records on an ongoing basis. hinking of selling your collection or de- sirable individual notes? Right now we are accepting con- signments for our next several New York City and Los Angeles sales, or our annual Florida United Numismatists sale. Your call to Dr. Richard Bagg, Di- rector of Auctions, at 1-800-458-4646 will bring complete information con- cerning how you can realize the best price for your currency, in a trans- action which you, like thousands of others, will find to be profitable and enjoyable. the most profitable move you have ever made! Dear Rick Bagg: PM 11/t2-93 Please tell me how I can include my paper a, money in an upcoming auction. I understand that all information will he kept confidential. NAME ADDRESS cnv STATE ZIP ❑ I am thinking about sell ing. Please contact me. it BRIEF DESCRIPTION OF HOLDINGS DAYTIME TELEPHONE NUMBER <9m ..9• • V.013 0,0,3 tOAK md "Second Charter Period" $20 National Bank Note ing Fine to Very Fine sold for a phenomenal 00 in one of our recent sales. ons by Bowers and Merena , Inc. Box 1224 • Wolfeboro, NH 03894 Z611-free: 1-800-458-4646/ In NH: 1-603-569-5095/ Fax: 1-603-569-5319 Page 210 Paper Money Whole No. 168 SUPERB UNITED STATES CURRENCY FOR SALE 431r.o.n3a 1.11.1/ , M1359856t, , ,Ø/, ‘,/,,,74 . 4 /X■ IDEPARtairnr SERIES._ M1359856 BOOKS FOR SALE PAPER MONEY OF THE U.S. by Friedberg. 13th Edition. Hard Bound. $17.50 plus $2.50 postage. Total Price. $20.00 w.x Arc WC-AT , COLLECTING PAPER MONEY FOR PLEASURE AND PROFIT by Barry Krause. Includes a complete history of paper money. Much information on U.S. and foreign paper money. Soft Cover. 255 pages. $14.50 plus $2.50 postage. Total Price. $17.00. COMPREHENSIVE CATALOG OF U.S. PAPER MONEY by Gene Hessler. 5th Edition. Hard Cover. $29.50 plus $2.50 postage. Total Price. $32.00. CONFEDERATE AND SOUTHERN STATES CURRENCY by Grover Criswell Jr. 4th Edition. Hard Cover. 415 Pages. $29.50 plus $2.50 postage. Total Price. $32.00 NATIONAL BANK NOTES by Kelly. 2nd Edition. Hard Cover. Lists all national bank notes by state and charter number. Gives amounts issued and what is still outstanding. 435 pages. $31.50 plus $2.50 postage. Total Price. $34.00. Stanley Morycz P.O. BOX 355, DEPT. M • ENGLEWOOD, OH 45322 513-898-0114 Paper Money Whole No. 168 Page 211 WANTED TO BUY Collections, lots, accumulations, singles, U.S., obsoletes, stock certificates, checks, counterfeit detectors, historical documents, foreign currency, U.S. coins, medals, tokens. I buy it all—not just the "cream." The various guides are just that—guides. I will pay over "catalog" for what I want and "market" for the balance. The "Proof"—the availability of the many rarities I have for sale—came from knowledgeable collec- tors and dealers who sold them to me for "top prices." Quick confidential transactions with immediate payment—no deal too large. IOWA NATIONALS BLACK CHARTER 2130 $5 Series 1875, First of Red Oak, very good to fine, margins all around both sides, decent appearance for grade, ONLY 3 KNOWN (1 in Higgins museum, other probably not available for many years). Only Iowa bank to issue black charters. Call for price. $10 1902 Atlantic Nat'l, 2762, XF face/VF back-125. $20 1929 Ti,- First of Bagley, 6995, VF, nice margins-125. $20 1882-1908 Bedford Nat'l, 5165, VF-365. $20 1902 Bedford Nat'l, 5165, XF, nice margins-275. $20 1902-1908 First of Burlington. 351, VG-135. $20 1902 ABRAM RUTT of Casey, 8099, VF-375. $20 1902 Cedar Rapids Nat'l, 3643, Choice AU-235. $10 1882 VALUE BACK, Chariton Nat'l, 6014, VF-695. $10 1902 Chariton And Lucas County of Chariton, 9024, GEM-650. $20 1902 Same bank, GEM-750. $20 1902 Same bank, Unc, close top-350. $5 1871 Original, First of Charles City, no charter # (1810), VG, small repairs-235. $5 Series 1875, First of Charles City, 1810, Choice Unc with lovely blue top (fibers) vibrant colors and signatures-1950. $10 Series 1875, City of Clinton, 2469, GEM UNC with nice colors and margins, signed by A(ass't) Cash. and V(vice) Pres., UNLISTED! KO lists "First Charter, Original Issue" but not Series 1875-4500. $10 1882-1908 City of Clinton, 2469, AU with nice colors and margins-575. $20 1882 VALUE BACK City of Clinton, 2469, XF-1275. $10 1902 Merchants of Clinton, 3736, Choice Unc.-495. $20 1902 Same bank, VF, nice margins all around both sides-145. $10 1902 Okey-Vernon of Corning, 8725, Fine-95. $20 1929 T-2, First in Council Bluffs, 14028, F-VF-95. $10 1902 Creston Nat'l, 2833, VG, nice margins-110. $20 1929 T-1, First in Creston, 12636, XF-99. $20 1929 T-2, Same Bank, Fine-95. $10 Series 1875, Citizens of Davenport, 1671, UNC, decent margins sides and bottom but top cut unevenly with shears dipping into margin at center-2450. $20 1902-1908 Iowa of Davenport, 4022, Fine-125. $20 1882 Brown Back, First of Denison, 4784, VF-550. $10 1882 Brown Back, Citizens of Des Moines, 1970, VG, also postcard with picture of Citizens National Bank Bldg.-350. $10 1882-1908 Des Moines Nat'l, 2583, Fine-195. $5 1882 VALUE BACK, same bank, VG-195. $20 1902 Same bank, VG-49. $5 1902 Iowa National of Des Moines, 2307, VG, top right corner gone —25. $10 1902 Same bank, AU, lavender signatures-245. $10 1929 Ti- Iowa—Des Moines Nat'l Bank & Trust, 2307, XF-19. $5 1902 Valley Nat'l of Des Moines, 2886, Gem Unc except top right corner close, no signatures-375. $10 1902 Same bank, pen & ink signatures, Crawford as V. President, M. overprint, VF-59. $10 1902 Same bank, printed sigs. (Crawford as President) no "M" overprint, GEM UNC-575. $20 1902 Same Bank, Choice AU, "M" overprint, no sigs-169. $20 1929 Ti- Same bank, desirable #424 (radar #), Choice AU-149. $20 1882 VALUE BACK, 5934, XF-1450. $10 1902-1908 First of Elliott, 6857, VG, nice margins all around both sides-215. $20 1882 VALUE BACK, Commercial of Essex, 5803, Choice Unc, sides and bottom mar- gins wide, top close in center-2950. $20 1929 T-1 First of Essex, 5738, Fine-125. $5 1902 First of Fredericksburg, 10541, Unc. with nice margins-450. $20 1882 Brown Back Mills County of Glenwood, 1862, F-VF, bold pen sigs-750. $10 1902 Griswold Nat'I, 8915, VG-149. $20 1902-1908 Citizens of Hampton, 7843, VG, bold pen sigs.-95. $20 1902 Peoples of Independence, 2187, Choice AU-275. $10 1902 Exchange of Leon, 5489, Choice Unc-495. $20 1882 Brown Back, First of Lenox, 5517, F-VF, nice margins all around-425. $5 1882-1908 First of Lenox, 5517, VF-295. $20 1929 Ti- same bank, serial #36, Fine-125. $20 1929 Ti- First of Missouri Valley, 3189, VG-95. $5 1882 VALUE BACK, First of New Hampton, 2588, AU-1750. $10 1902 First of Logan, 6771, VG-125. $201902-1908 First of Logan, 6771, VFNG-165. $2 1865 ORIGINAL SERIES, First of Newton, 650 OVERPRINT, Good (legible), margins all around but slightly irregular, etc.-895. $20 VALUE BACK, First of Oelwein, 5778, Choice AU 1950. $20 1882 Brown Back, Guthrie County of Panora, 3226, VG/G, strong sigs., back "washed"-225. $10 1902 First of Prescott, 5912, Fine-150. $10 1902 First of Randolf, 7833, VF-250. $1 1873 ORIGINAL SERIES, First of Red Oak, 2130 OVERPRINT, XF, nice colors, broad margins all around both sides-985. $10 1902 Red Oak Nat'l, 3055, VG, strong sigs.-125. $20 1902 same bank, Fine, same sigs-150. $20 1929 Ti- First of Red Oak, 2130, VF-75. $10 1882 Brown Back, First of Shenandoah, 2363, acquired as "VG" (I grade it about Good)-375. $10 1902 Shenadoah Nat'l, 2679, VG-175. $20 1902 same bank, 2679 VG-225. $20 1929 T-1, Shenandoah Nat'l, 12950, VG-75. $10 1902 First of Sioux City, 1757, Very Choice AU, nice colors, margins, sigs.-150. $100 1882-1908, Live Stock of Sioux City, 5022, XF, nice colors and margins all around both sides, bold sigs., popular "type"-2750. $20 1929 T-1, First of Stanton, 6434, VG-235. $20 1902 First of Sumner, 8198, VF-XF, nice margins all around both sides, bold $101902 First of Tabor, 4609, Very Choice AU, bold green ink sigs.-595. $20 1902 First of Traer, 5135, Fine-175. $5 1875 SERIES, First of Villisca, 2766, VF/F, bold sigs.-750. $20 1902-1908 Villisca Nat'l, 7506, Fine-195. $20 1929 T-1 Villisca Nat'I, 7506, Fine-125. $10 1921 Ti- First of Waverly, 3105, Choice Unc-150. $5 1875 SERIES, Citizens of Winterset, 2002 (RADAR CHARTER—same forward and back- ward), VF-XF, bright colors, bold sigs-750. $20 1929 T-1 Citizens of Winterset, 2002 (RADAR CHARTER) FNG-95. $20 1902 First of Woodbine, 4745, Very Choice AU, nice colors and margins, bold violet sigs-475. IOWA OBSOLETE CURRENCY $1 1857 The Dubuque Western Rail Road Compy., Dubuque, VF-95. $5 1857 Same issue, VF-95. $10 1857 Same issue, "X" instead of numeral as above, AU-125. $3 1858 The Dubuque Central Improvement Company, Unc.-75. $1 1858 Treasurer of Lyons City, Unc but tip of lower right gone-50. $2 1859 Same issue, UNC, tiny punchhole (cancel?)-95. $5 1858 Same issue, AU-95. $1 1857 NEBRASKA TERRITORY, The City of Omaha, VF-35. Satisfaction Guaranteed-15 day return privilege—please include $5 for postage/insurance etc. on orders under $200. Nationals on all states and some Territories available—Black Charters, CAL. Nat'l GOLD BANKS $5-$100 ($50 & $100 Kidder Nat'l GOLD BANK color Specimens also)- U.S. 1815-1861-65 Interest Bearing-1861 Demand-1862-1923 Legals $1 to $100 (have $100 1862, etc)-1878-1923 (yes have triple sigs.)- Coin Notes-1915-18 FRBN $1-1,000-1914 FEDS—GOLD NOTES 1866-1922 $10-1,000(1866 $100 UNIQUE, etc.)—SMALL SIZE (F-1700, 2308, etc). Star Numbers, Errors, Inverts, Low Numbers. Send want list. I don't claim to have the "largest stock" of currency but I do claim to have handled over 95% of the currency listed in Frdbg (in the last 50 years or so) and occasionally I recycle some. Stock kept in bank vaults. Open by appointment. A.M. KAGIN Collector Since 1928; Professional Since 1933 910 Insurance Exchange Bldg. PNG #14, A Founding Charter Member; Past Pres. 1964-6 Des Moines, Iowa 50309 ANA Life Member 103, Governor 1983-87 (515) 243-7363 50 Year Gold Recipient 1988 Comprehensive Catalog of' United States Paper Money Errors Dr. Frederick J. Bart A tali I limuSTATWOW k!...t. • • ,47) I $35.00 $25.00 $95.00 Page 212 Paper Money Whole No. 168 New R-7 Books! The Comprehensive Catalog of United States Paper Money Errors is the only complete reference book on one of the most popular categories of paper money collected today. Frederick J. Bart is a veteran collector of error notes. He has collected error notes, information, and photographs for the past ten years and brought them together in this new book which is likely to become a standard reference. It includes features which will be of interest to beginners and advanced collectors. More than 300 different notes are listed, described, illustrated, and valued. All major types of U.S. paper money including fractional notes and even military payment certifi- cates are covered. An innovative rarity scheme is presented for silver certificates and Federal Reserve notes. Bob Leuver, former director of the Bureau of Engraving and Printing, provides an insightful foreword for this interesting book. hardbound softbound special collectors edition Gene Hessler's masterpiece is now ready: The Engraver's Line, an Encyclo- pedia of Paper Money and Postage Stamp Art. This is the first major composite listing of designers and engravers of bank notes and postage stamps; there are over 500 pages and illustra- tions. Encyclopedias and histories of artists, sculptors and engravers rarely acknowledge most of the men and women listed here. Some of the most beautiful bank notes were designed or engraved by major American artists such as F. 0. C. Darley, Asher B. Durand, Will Low, Walter Shirlaw and Kenyon Cox. But their paper money designs are seldom mentioned in art studies even though these designs were seen and handled by more people than all of those who saw their work in galleries and art museums. For the first time collectors and art lovers will have access to lists of bank notes (and postage stamps) by the artists included here. The Engraver's Line, regular deluxe edition $85.00 collectors' edition $150.00 Other important books: College Currency; Money for Business Training $95.00 The Comprehensive Catalog of U.S. Paper Money softbound $30.00 hardbound $40.00 U.S. Essay, Proof and Specimen Notes $27.50 Collecting World Paper Money (from Pcda by Lance Campbell) $2.00 The Wonderful World of Paper Money (from Pcda by Neil Shafer) $2.00 Your satisfaction is guaranteed. Please include $3 per order for shipping. BV(Press 132 East Second St. Port Clinton, Ohio 43452-1115 04 phone or fax 800 793-0683 Paper Money Whole No. 168 Page 213 of EARLY AMERICAN NUMISMATICS *619-273-3566 We maintain the LARGEST COLONIAL & CONTINENTAL CURRENCY ACTIVE INVENTORY IN THE WORLD! SEND US YOUR WANT LISTS. FREE PRICE LISTS AVAILABLE. SPECIALIZING EV: SERVICES: ❑ Colonial Coins ❑ Portfolio ❑ ❑ Colonial Currency Rare & Choice Type ❑ Development Major Show EARLY AMERICAN NUMISMATICS Coins Coverage c/o Dana Linett ❑ Pre-1800 Fiscal Paper ❑ Auction ❑ Encased Postage Stamps Attendance ❑ P.O. Box 2442 ❑ LaJolla, CA 92038 ❑ 619-273-3566 Members: Life ANA, CSNA-EAC, SPMC, FUN, ANACS IA HEST PR 1 S 1=° A 1 ED Cf) Ft A L_ IL_ C) L 4:::› NI 1 A L_ ac PRE 1 1300 AMERICAN 1=2. 'r', SCRI P, 13CD NJ S L_C)-111- E '1e' -r- COLOMA_. I-RAnnla co.,umo. 101 TREMONT ST.,SUITE 501 BOSTON, MA 02108 James E. Skalbe (617) 695-1652 Russell R. Smith MEMBER: ANS,ANA,SPMC,CNA, SCPMC,EAC,NENA,CWTS,ASCC, SAN,APS,MAS,APIC,FUN,ETC Nobody pays more than Huntoon for ARIZONA & WYOMING state and territorial Nationals xnupte,AtInity UNIThDSTATESDFANERIGA ,ti, V205926E 1 3 XVC110,---1161111-4VIS40.., 6579 -4725,2:Cat*, 13, 7? 141Nr LeM,Put.A1 - 1:1184 Peter Huntoon P.O. Box 3681 Laramie, WY 82071 (307) 742-2217 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 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 1-746.C37E - a) 11' "7"1 1:4r4'"It 1117042411411t.SZOlLITVIt. ;MEOW . .14Widig=8 vtv 3191 I COLLECT MINNESOTA OBSOLETE CURRENCY and NATIONAL BANK NOTES Please offer what you have for sale. Charles C. Parrish P.O. Box 481 Rosemount, Minnesota 55068 (612) 423-1039 SPMC 7456 — PCDA — LM ANA Since 1976 /., • ,4•; :13 ly.ally :r IT' Di ONE Page 214 Paper Money Whole No. 168 • / ■••• "el SS iotoNMSAMISANIftAWCIttNitiltS. 87431 f,7431 tr. lob 3 ...I I 1, 1 0 . - . 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 MYLAR D CURRENCY HOLDERS This month I am pleased to report that all sizes are in stock in large quantities so orders received today go out today. The past four years of selling these holders has been great and many collections I buy now are finely preserved in these. For those who have not converted, an article published this past fall in Currency Dealer Newsletter tells it better than I can. Should you want a copy send a stamped self-addressed #10 business envelope for a free copy. Prices did go up due to a major rise in the cost of the raw material from the suppliers and the fact that the plant workers want things like pay raises etc. but don't let a few cents cost you hun- dreds of dollars. You do know - penny wise and pound foolish. SIZE INCHES 50 100 500 1000 Fractional 43/4 x 23/4 $15.00 $28.00 $127.00 $218.00 Colonial 51/2x33 /16 16.50 30.50 138.00 255.00 Small Currency 6 5/8 x 2 7 /8 16.75 32.00 142.00 265.00 Large Currency 7 7/8 x 3 1 /2 20.00 36.50 167.00 310.00 Check Size 95/e x 4 1 /4 25.00 46.00 209.00 385.00 Baseball Card Std 23/4 x 33/4 14.50 26.00 119.00 219.00 Baseball Bowman 2 7/ex 4 15.50 28.00 132.00 238.00 Obsolete currency sheet holders 8 3/4x 14, $1.20 each, minimum 10 Pcs. National currency sheet holders 8 1 /2 x 17 1 /2, $2.50 each 17 1 /2" side open, minimum 10 Pcs. SHIPPING IN THE U.S. IS INCLUDED FREE OF CHARGE Please note: all notice to MYLAR R mean uncoated archival quality MYLAR R type D by Dupont Co. or equivalent material by ICI Corp. Melinex type 516. DENLY'S OF BOSTON P.O. Box 1010 617-482-8477 Boston, MA 02205 800-HI-DENLY FAX 617-357-8163 Paper Money Whole No. 168 Page 215 BOOKS ON PAPER MONEY Arkansas Obsolete Notes & Script, Rothert $22 Territorials-US Territorial National Bank Notes, Huntoon $20 Florida, Cassidy (Ind natls & obsolete) $29 Vermont Obsolete Notes & Scrip, Coulter $20 Indiana Obsolete Notes & Scrip, Wolka $22 National Bank Notes, Hickman & Oakes 2nd ed $95 Indian Territory/Oklahoma/Kansas Obsolete Notes & Scrip, Burgett and Whitfield $20 US Obsolete Bank Notes 1782-1866, Haxby 4 vol Early Paper Money of America, 3rd ed., Newman $195 $49 Iowa Obsolete Notes & Scrip, Oakes $20 Depression Scrip of the US 1930s $27 Minnesota Obsolete Notes & Scrip, Rockholt $20 World Paper Money 6th ed., general issues $49 Pennsylvania Obsolete Notes & Scrip, Hoober $35 World Paper Money 6th ed., specialized issues $55 North Carolina Obsolete Notes, Pennell rpnt $10 Confederate & Southern States Bonds, Criswell $25 Rhode Island & The Providence Plantations Obsolete Confederate States Paper Money, Slabaugh $9 Notes & Scrip, Durand $25 Civil War Sutler Tokens & Cardboard Scrip, Schenkman $27 10% off on five or more books • Non-SPMC members add: $3 for one book, $5 for two hooks, $7 for three or more books CLASSIC COINS - P.O. Box 95-Allen, MI 49227 • INC. P.O. BOX 84 • NANUET, N.Y 10954 BUYING / SELLING: OBSOLETE EE CURRENCY, NATIONALS UNCUT SHTS, PROOFS, S RIP BARRY WEXLER, Pres. Member: SPMC, PCDA, ANA, FUN, GENA, ASCC (914) 352.9077 Million Dollar Buying Spree Currency: Nationals MPC Lg. & Sm. Type Obsolete Stocks • Bonds • Checks • Coins Stamps • Gold • Silver Platinum • Antique Watches Political Items • Postcards Baseball Cards • Masonic Items Hummels • Doultons Nearly Everything Collectible SEND FOR OUR COMPLETE PRICE LIST FREE a8: SHOP COIN EST 1960 INC ii.t&Aylkt" 399 S. State Street - Westerville, OH 43081 1-614-882-3937 1-800-848-3966 outside Ohio TICAO_A Fractional Foreign P) Life Member „trfl e4i /t e vv.; twit/ '74\■,*tint ;.74 ..!6,/ppw — Book a s ntere Stingaf ABOUT CHRISTMAS by Roger H. Durand This liberally illustrated book is full of interesting facts about Santa Claus and banking. It contains never before published information about newly discovered vignettes and bank notes and scrip. It traces the history of Christmas and Santa Claus as it pertains to banking. There are over forty different Santa Claus notes illustrated in this book. Many unique notes are pictured for the first time anywhere. A complete refund if you are not satisfied for any reason. THIS BOOK IS LIMITED TO JUST 300 NUMBERED COPIES $22.95 pp Order from your favorite dealer or from the author: P.O. Box 186 ROGER H. DURAND Rehoboth, MA 02769 •■• ••••••• Mee • 1 More Cash for your Cash TYE flAS1 Wisconsin C000055A National Bank Notes Wanted C. Keith Edison *"N'17"1-t" (715) 926-5001' C000055A P. O. Box 26 r • - IL 44 Mondovi, Wisconsin 54755 s C. Keith Edison 715-926-5001 Montana Wanted • Buying obsoletes, ad notes, mining scrip, fraternal scrip, depression scrip, clearing house certificates, etc. (nearly anything fiscal from Montana) Also National Currency from Hamilton and Stevensville only. Douglas McDonald Box 350093, Grantsdale, MT 59835 WANTED ORIGINAL SIGNATURES OF FAMOUS HISTORICAL PEOPLE ON CURRENCY • LETTERS DOCUMENTS • CHECKS RAY ANTHONY 241 North Beverly Drive Beverly Hills, CA 90210 (800) 626-3393 • FAX (310) 859-7938 ANA LIFE MEMBER • MEMBER MANUSCRIPT SOCIETY Page 216 Paper Money Whole No. 168 fr/ • WE ARE ALWAYS BUYING ■ FRACTIONAL CURRENCY ■ ENCASED POSTAGE ■ LARGE SIZE CURRENCY ■ COLONIAL CURRENCY WRITE, CALL OR SHIP: • -20n ITO Tr 7? 4-B ‘ U 1.C1\ inc. LEN and JEAN GLAZER (718) 268.3221 POST OFFICE BOX 111 FOREST HILLS, N.Y. 11375 ;iiii -- -777- - -----' -- ...,7= 61, ,•••■• --' tiont-1'N \r',04; , ■*-' ) _,-; A I) \ PI-.11 ■1(Ys:1-11 "p• C . ( )1.1.1-.CUORS ri TN(' :m./...7 M 912 i,_ Charter Member STANDARD CATALOG Of United States Paper Mope),.v Chew., L Kr.. and Robert Lemke Robett F Witee, New Releases Standard Catalog of United States Paper Money, 12th Edition Chester Krause and Robert Lemke; Robert Wilhite, Editor 208 pages, 8-1/2"x11", 550 b&w photos, hardcover, $21.95 The most comprehensive, up-to-date, illustrated guide to U.S. paper money from 1812 to date • Complete coverage for 175 years of official paper money circulated by the Federal Government • Listings for more than 5,500 currency items • Over 14,000 market values and over 550 photos • Grading guide provides common-sense definitions • In-text cross references of Krause / Lemke and Friedberg numeric systems • Historic and economic background information for each bank of issue • Identification of all portraits in addition to the actual illustration provided - for accurate identification and enhanced knowledge Every paper money collecting specialty is listed: • "Authentication Guide" identifies large size counterfeit issues • Pre-Civil War U.S. Treasury Notes • All Large Size Note Series • Fractional Currency • Postage Stamp Envelopes • Military Payment Certificates • Encased Postage Stamps • Philippine Island Notes Now Available Standard Catalog of World Paper Money, 7th Edition, Volume II, General Issues Albert Pick, Edited by Colin Bruce II and Neil Shafer 1,200 pages approx., 8-1/2"x11", 10,000 b&w photos, cloth, $55.00 This revised and thoroughly expanded Volume II of General Issues will enhance its reputation as "the" reference book for nationally circulated government legal tender over the last 300 years. Major coverage encompasses the 18th through 20th centuries. More than 22,000 notes are listed. You'll find over 10,000 illustrations to facilitate quick and accurate attribution of the issues. The 7th Edition is the most complete and accurate reference available for these nationally circulated legal tender issues from around the globe. Includes over 50 new notes on emerging nations since the breakup of the USSR, such as Estonia, Lavita, Lithuania, Bosnia-Herzegovina Macedonia and other new republics. Available December 1993 Mail with payment to: Krause Publications Book Dept. JYN 700 E. State St., Iola, WI 54990-0001 Send me copy(ies) of the Standard Catalog of United States Paper Money at $21.95 each. Send me copy(ies) of the Standard Catalog of World Paper Money, Vol. II, General Issues at $ 55.00 each. MasterCard & VISA Cardholders save time by calling toll-free 800-258-0929 Dept . Mon. - Fri. 6:30 a.m. to 8:00 p.m. Sat. 8:00 a.m. to 2 p.m., CST. General business phone: 715-445-2214 Mon. - Fri. 8:00 p.m. to 5:00 p.m. Amou t for books $ Shipping $ WI residents add 5.5% sales tax Total Amount Enclosed $ Name Address City State Zip Credit Card No Expires: Mo. Yr Signature