Paper Money - Vol. XXXVI, No. 2 - Whole No. 188 - March - April 1997

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,.2. - y-- .,..,.I!1 ,,,,,,,,,...",..".„„, ,,,,,,,,,,,....„,„../ ,,,,,,......„...„, ,..,. ,,,-,,,,,,,,,,...,:y ,,,,,,,„24,,,,,,),. ,.;;;•;',/,,,,,,,,,,,,,,-,,,,, ".."`„,, ,"%e , ,./.„,./. /7.'271,<■, MAR/APR 1997VOL. XXXVI No. 2 WHOLE No. 188 •!:.;:v•;:-.,- • ,taig?.■ , #31ILWAIshwE_EM, lo - kl 928:52188: 41011.1.111i Cxurvevaaws UIIIIf05I71TE5 01AMERICA /II If ....WV 1 "z ;sr' • . 71 Thinking of Selling? Have You Thought About This? You've enjoyed collecting currency for many years, and now you are seri- ously thinking about selling. Should you value the entire collection and offer it, at a wholesale price to a dealer? Will you publish a full-page advertisement in a paper money newspaper or mail out your own price list or catalogue? We suggest that you do what most experienced collectors have done with their better material - sell at auction. And once you have decided to sell your collection at auction you will need to select an auction company. There are many things that should be taken into consideration, but one question you should always ask is "Where and when will my material be sold?". At R. M. Smythe and Company, we think the answer to the "where" part of that question is relatively simple. Important collections of paper money should be auctioned at paper money shows. If your collection was in our June Memphis International Paper Money Auction it could have been viewed by over 150 of the world's most significant paper money dealers, and by the hundreds of serious collectors who came to the show every day to buy. The auction results speak for themselves. Federal Currency in the June, Memphis Auction was very strong. Lot 1023, the $20 1863 Legal Tender (Fr.126b), Choice Almost Uncirculated realized $3,500. Lot 1051, a cut sheet of four $5 1899 Silver Certificates sold for $3,050. Lot 1140, the Portland, Maine $10 Red Seal brought $4,500 and Lot 1154, the $2 Moniteau NB of California, Missouri "Lazy Two" sold for $4,000. Confederate Currency was in great demand as can be seen by the $10,000 hammer price realized for Lot 1392, an extremely rare contemporary counter- feit of the $5 1861 "Indian Princess" note, and the $100 1861 T-3, Lot 1383, brought $7,000. A superb collection of obsolete bank note proofs from Louisiana, Lots 1,527-1,531, brought record prices of from $3,400 to 4,200 each. The possibly unique Garden City, Minnesota, proof sheet, Lot 1543, sold for $9,500. The most extraordinary results were achieved by an outstanding group of Alaska Clearing House Certificates, meticulously researched and fully-illus- trated in the catalogue. Lots 1440-1446, including the $1, $2, $5, $10, $20, $50 and $100, realized $5,000, $4,500, $5,000, $5,000, $5,500, $6,000 and $8,000 respectively. We strongly believe that the best way to sell a paper money collection is at auction. There are no substitutes for experience, thorough research, proper pre- sentation, and a location that makes sense, and that is why, at R. M. Smythe and Company, we are committed to conducting our paper money auctions at paper money shows. Consignments are now being accepted for our 1997-1998 Auction Schedule. October 25, 1996. Currency, Stocks and Bonds. The St. Louis National and World Paper Money Show. St. Louis, Missouri. February 22, 1997. Currency, Stocks and Bonds. The Chicago International Paper Money Exposition. Chicago, Illinois June 1997. Currency, Stocks and Bonds. Memphis International Auction. To find out how easy it is to consign your collection to any of the auctions list- ed above, or to subscribe, call Stephen Goldsmith, Douglas Ball or Bruce Hagen at 800-622-1880 or 212-943-1880. VISA' i is 1111111111111. We Welcome Call Toll Free R.M.SNINTHIE) 1-800-622-1880 ttti 111 Alipirittga Stephen Goldsmith MEMBERBruce Hagen members Where Historic Paper Collections of the World Are Researched, Auctioned, Bought and Sold NY 212-943-1880 • Fax 212-908-4047 SOCIETY OF PAPER MONEY COLLECTORS INC. 26 Broadway, New York, NY 10004-1701 SOCIETY OF PAPER MONEY COLLECTORS INC. 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. © Society of Paper Money Collectors, Inc., 1997. All rights reserved. Reproduction of any article, in whole or in part, without express 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 1 TIME 3 TIMES 6 TIMES Outside 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 notified and billed extra for them accordingly. Rates are not commissionable. Proofs are not supplied. Deadline: Copy must be in the editorial office no later than the 1st of the month preceding issue (e.g., Feb. 1 for March/April issue). With advance notice, camera-ready copy will be ac- cepted up to three weeks later. Mechanical Requirements: Full page 42-57 pi- cas; half-page may be either vertical or horizon- tal in format. Single column width, 20 picas. Halftones acceptable, but not mats or stereos. Page position may be requested but cannot be guaranteed. Advertising copy shall be restricted to paper currency and allied numismatic material and publications and accessories related thereto. SPMC does not guarantee advertisements but accepts copy in good faith, reserving the right to reject objectionable material or edit any copy. SPMC assumes no financial responsibility for typographical errors in advertisements, but agrees to reprint that portion of an advertisement in which typographical error should occur upon prompt notification of such error. All advertising copy and correspondence should be sent to the Editor. Paper Money Whole No. 188 Page 33 Official Bimonthly Publication of The Society of Paper Money Collectors, Inc. Vol. XXXVI No. 2 Whole No. 188 MAR/APR 1997 ISSN 0031-1162 GENE HESSLER, Editor, P.O. Box 31144, Cincinnati, OH 45231 Manuscripts (ntss), not under consideration elsewhere, and publications for review should be sent to the Editor. Accepted mss will be published as soon as possible; however, publication in a specific issue cannot be guaranteed. Opinions expressed by authors do not necessarily reflect those of the SPMC. Mss are to be typed on one side only, double-spaced with at least one-inch margins. A copy should be retained by the author. The author's name, address and telephone number should appear on the first page. In addition, although it is not required, you are encouraged to submit a copy on a 3 1/2 or 51/4 inch MS DOS disk, identified with the name and version ofsoftware used: Microsoft Word, Word Perfect or text (ASCII), etc. If disk is submitted, double-spaced printout must accompany disk. IN THIS ISSUE THE CONFEDERATE INDIAN PRINCESS COUNTERFEIT George B. Tremmel 35 SYNGRAPHIC VIGNEI'IES Robert H. Lloyd 37 BIRDS ON WORLD PAPER MONEY Mohamad H. Hussein 38 ABOUT TEXAS MOSTLY Frank Clark 43 HAWAII'S NATIONAL BANKS Don C. Kelly 45 THE PAPER COLUMN Peter Huntoon 47 CORRECTIONS FOR NO. 187 47 THE FIRST BANK IN PANAMA Joaquin Gil Del Real 48 MISSOURI ROAD OVERSEER'S CERTIFICATE Bob Schmidt 51 SOCIETY FEATURES SPMC ANNUAL AWARDS 52 CANDIDATES FOR THE SPMC BOARD OF GOVERNORS 53 NEW MEMBERS 53 MONEY MART 54 For change of address, inquiries concerning non-delivery of PAPER MONEY and for additional c6rife's of this issue contact the Secretary; the address is on the next page. For earlier issues contact Classic Coins, P.O. B9x 95, Allen, MI 49227. ON THE COVER. This is the 100th anniversary of the death of George M. Pullman, the American industrialist who founded the Pullman Palace Car Company in 1867. This portrait was engraved by Charles Schlecht. SOCIETY OF PAPER MONEY COLLECTORS OFFICERS PRESIDENT DEAN OAKES, Drawer 1456, Iowa City, IA 52240 VICE-PRESIDENT FRANK CLARK, P.O. Box 117060, Carrollton, TX 75011 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 31144, Cincinnati, OH 45231 MEMBERSHIP DIRECTOR FRANK CLARK, P.O. Box 117060, Carrollton, TX 75011 WISMER BOOK PROJECT STEVEN K. WHITFIELD, 14092 W. 115th St., Olathe, KS 66062 LEGAL COUNSEL ROBERT J. GALIETTE, 3 Teal Lane, Essex, CT 06246 LIBRARIAN ROGER H. DURAND, P.O. Box 186, Rehoboth, MA02769 PAST-PRESIDENT JUDITH MURPHY, P.O. Box 24056, Winston Salem, NC 27114 BOARD OF GOVERNORS RAPHAEL ELLENBOGEN, 1840 Harwitch Rd., Upper Arlington, OH 43221 C. JOHN FERRERI, P.O. Box 33, Storrs, CT 06268 GENE HESSLER, P.O. Box 31144, Cincinnati, OH 45231 RON HORSTMAN, 5010 Timber Lane, Gerald, MO 63037 MILTON R. FRIEDBERG, 8803 Brecksville Rd. #7-203, Brecksville, OFI 44141-1933 STEPHEN TAYLOR, 70 West View Avenue, Dover, DE 19901 WENDELL W. WOLKA, P.O. Box 569, Dublin, OH 43017 STEVEN K. WHITFIELD, 14092 W. 115th St., Olathe, KS 66062 The Society of Paper Money Collectors was organized in 1961 and incorporated in 1964 as a non-profit or- ganization under the laws of the District of Columbia. It is affiliated with the American Numismatic Associa- tion. 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 notifica- tion 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 $24. 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 receive 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 60-Page Catalog for $5.00 Refundable With Order HUGH SHULL ANA-LM SCNA PCDA CHARTER MBR. P.O. Box 761, Camden, SC 29020 (803) 432-8500 FAX 803-432-9958 SPMC-LM 6 BRNA FUN Page 34 Paper Money Whole No. 188 SiA•••.." -16=i4af4ittriabil - . • r-"`, I • • ' • ••• , , , Is' Vr, t••• `• • -• vl • / / .//// ///e/(/ /Y ///'I,/. / /,•// /r/r /4/4- ) // Jr/ //z)i /1)/14/ ,-•//'(//, r A .ter . ., 1. It. .. ■■ r r///ilf/ i ///r, •,//7// ////, // I • t.5.11 04-6-04, (/// Pitt DOLLARS 4, 7- 1//d/ii.eiN./ )7, ,11 qw•••T.-fi, Paper Money Whole No. 188 Page 35 I-uonfebtrate Inbian rinte55 OUNTERFEIT A Collector's Discovery by GEORGE B. TREMMEL © 1997 SPMC 2623, ANA 134712 All Rights Reserved A S an extension of my long-time interest in the currency of the Confederate States of America (CSA), several years ago I began to collect CSA contemporary counter- feit notes. Naturally, I learned that the rarest of the key notes is the Type 35 Indian Princess, of which, until very recently, only one example was known—an extremely rare counterfeit of a very rare genuine note. That example was discovered in 1951 by Sydney C. Kerksis while doing research on the Raphael P. Thian Collection at Duke University, Durham, North Carolina. In 1995, a second specimen of the Indian Princess counter- feit was discovered by a dealer and offered at the R.M. Smythe auction at the 1996 Inemational Memphis Paper Money Show. As an unsuccessful absentee bidder for that note, I assumed I now would have little opportunity to see a counterfeit Indian Princess since the auctioned note was going into a private col- lection and the famous first note—never photographed—re- portedly was in too poor a condition to be examined. On September 14, 1996, I visited Duke University with the hope of viewing the first Indian Princess counterfeit or at least confirming its location and condition. Much to my surprise, I discovered a third specimen. It was found at the Duke Special Collections Library, as was the first note. (Though the Library staff was very helpful with my search, and after several follow- up visits, I was unable to locate the Kerksis Note.) In 1944, Duke University acquired an extensive collection of the publications, papers and manuscript collections of Raphael P. Thian, the long time Chief Clerk of the Adjutant General's Office after the Civil War. The manuscript includes scrapbooks used by Thian while he researched and compiled his monumental reference work published from 1878 to 1880—a series of reports and correspondence of the Confed- erate Treasury Department. A volume of that work, titled Reg- ister of Confederate States Treasury Notes Together with Tabular Exhibits of the Debt, Funded and Unfunded of the Confederate States of America, 1861 - 1865, published in 1880, was reprinted in 1972 as Register of the Confederate Debt. As luck would have it, the first scrapbook I examined was one of the smaller albums and was titled "Confederate States of America—Confederate Notes with Descriptions of Emblems, 1861-64, Richmond, Va." The notes in it are in average (G-F) condition and are pasted on pages with annotations added by Thian. The first part of the album contains a collection of genu- ine CSA notes that is comprehensive but incomplete (no Mont- gomery notes for instance.) It does, however, contain a genuine Indian Princess (See ill. 1.) Toward the back of the scrapbook, past sections of tabular data and blank pages, Thian pasted in a variety of counterfeit notes. There, beneath a counterfeit T- 31 "Five Females," is the counterfeit Indian Princess. (See ill. 2.) Paper Money Whole No. 188Page 36 £16"ki T .P ORIION01 Of f CO ( RA ft hp , I sor 174,69"pear*- 1:,n/i-tri)-40.47,7frs ti Rirkitond. Y;itr,/, -(yr ror litttst tr. ' -(-'1 ii;ifeasurer C P9fl T UT sacsuesgatuatiamommtssidasticommic (/// ).'i,. ///c///? ry/./ /k. • / , //,*74-i/t/r /fey ///,/ ///,' •;//ii-//. 1/..01,0 III. 2. FIVE DOLLARS tilm I.," or t' o Description of Note: 1) Lithographed note, printed in black on white paper. Condition is Good to Very Good. 2) Small hole near left margin, about half way from top margin. Hole is roughly oval with a "peak" on top. 3) Serial Number 5905 is written in red ink. 4) Two handwritten "Counterfeit" notations, written per- pendicular to the horizontal plane of note, from bottom to top edge. One is in center of note and the other in the right quadrant. Color of ink is red but with a slight purple cast. 5) Signatures (T. Ellett and H.H. Goodloe) appear to be printed. However, after lengthy examination of the face of the note, I am not completely certain. Since the note is pasted to the scrapbook page, its back cannot be examined for evidence of signature ink "bleeding." Additionally, the "Goodloe" sig- nature is a less exact copy of the genuine—the capital "G" ap- pears to be more of a script capital "S". 6) The note has a roughly rectangular piece missing from its lower right corner. The horizontal top edge of the missing piece goes from the right note margin across the waist of the female Indian figure, until it intersects the vertical left edge of the missing piece. The left edge of the missing piece goes through the $5 medallion, leaving only a very small portion of the left side of the medallion on the note. The "5" in the medallion is completely missing. 7) The note has two half-moon cut-out cancellations on the top margin. 8) In the text above the "Receivable" frame, upper left cor- ner, "Eight per Cent Interest" is close to the line above with "E" in "Eight" almost touching the "S" in "States." 9) As with the Kerksis counterfeit, the printer's legend on the right bottom edge shows an "s" added to "Ludwig." 10) Other similarities with the Kerksis note include the more sharply defined figures in the lower left vignette and the more prominent shading behind the word "Confederate" in the cen- ter of the note. After enjoying the moment of discovery, two more questions quickly came to mind: • How was this note overlooked by earlier numismatic re- searchers such as Philip Chase (1947), Sydney Kerksis (1951) and Douglas Ball (1968)? • Are there any differences between this note and the other two notes that might indicate the existence of varieties? In answer to the first question, I can only speculate. Apparently, others who researched the Thian Collection fo- cused their attention on the large 646-page presentation vol- ume, which contains a superb collection of notes, note sheets and bonds of Confederate and Southern States. What is un- Paper Money Whole No. 188 Page 37 clear is why, in what perhaps is one of Thian's personal work- ing volumes, the Indian Princess counterfeit went unnoticed. Labels inside the front covers of all the scrapbooks show the date of August 26, 1946—presumably the date the Thian ma- terial was catalogued by the Library. So while this volume ap- pears to be part of the same Thian collection, it was possibly misplaced for a time and only re-surfaced after active research ended. But this too is uncertain. Not only have I been unable to confirm a temporary mislocation of this scrapbook, its ex- istence is noted in Richard Todd's Confederate Finance, pub- lished in 1954, where reference is made to it in the "Selected Bibliography" appendix. As for the second question, concerning the existence of vari- eties, initial answers are limited by the availability of descrip- tive information on the first two notes. In the case of the Kerksis note, only his description, without a photograph, is available. As noted, my recent attempts to re-discover this note, so far, have been unsuccessful. With the Smythe Auction note, pho- tographs and descriptions from the auction catalog, as well as descriptions by Douglas Ball published in the May 1996 Bank Note Reporter are available but without full detail. While more information on the second counterfeit would be helpful, comparison of the three notes, based on published descriptions and my observations of the third note, leads to an interesting conclusion. Comparisons of Notes: Feature Note 1 Note 2 Note 3 (Kerksis) (Smythe) (Tremmel) Serial Number 6886 664 5905 Printed signatures Yes No Yes "S" added to "Ludwig" Yes TBD Yes Shading of "Confederate" Yes TBD Yes "E" close to "S" in "Fundable" text Unk'n No Yes Strong definition of lower left vignette Yes TBD Yes At this point, the different spacing in the "Fundable" text of notes 2 and 3 indicates at least two varieties. After a more de- tailed description is made available of note 2, the existence of a third variety may emerge. Obviously, more information and analysis is called for and welcomed. Now that two additional examples of the Indian Princess counterfeit are known, the search for answers to these and other questions will provide students and collectors of Confederate currency opportunities for new theories to be developed, new information to be discovered and new insights to be gained. Hopefully, even another specimen (or two) will be uncovered and become available to fill that vacant spot in my collection. Sources Ball, D. (May 1996). Indian princess note counterfeit reported. Bank Note Reporter, pp. 22-28. Chase, P.H. (1947). Confederate treasury notes. Philadelphia: P.H. Chase. (27 Jan. 1947). Letter to N.M. Tilley. Special Collections Library of Perkins Library, Duke University, Durham, N.C. (This letter con- cerns Chase's planned visit to examine the Thian Collection.) Criswell, G.C. (1992). Confederate and southern states currency. Port Clinton, OH: BNR Press. Kerksis, S.C. (Nov. 1951). A dangerous counterfeit Confederate note. The Numismatist, pp. 1179-1180. Smythe, R.M. (May 1996). Auction catalog for 1996 Memphis Inter- national Paper Money Show. Thian, R.P. Confederate States of America—Confederate notes with de- scriptions of emblems 1861-64 Richmond, VA. Scrapbook in Special Collections Library of Perkins Library, Duke University, Durham, NC. (1972). Register of the Confederate debt. Boston: Quarterman Publications. Todd, R.C. (1954). Confederate finance. Athens, GA: The University of Georgia Press. Syngkapke (Vigkettes . By ROBERT H. LLOYD [Part One] O NE of the benefits a new collector can gain is attend- ing an annual convention of a numismatic associa- tion. As a young man, I discovered the value of this when I made my first visit to the ANA Convention at Roches- ter, NY in 1928. It was there that I met George H. Blake, who authored United States Notes in 1908. That booklet, although out of date at the time, was still very useful. While I was admiring Mr. Blake's exhibit (there was no "bourse" in those days) he introduced himself, and invited me up to his room where I was able to purchase some notes. This first meeting led to a lasting friendship, and we corre- sponded for years. One day in July 1932 I looked out of my office window on Main Street in Buffalo, NY and saw Mr. Blake heading for the Buffalo branch of the New York Federal Reserve Bank. It was located at the corner of Main and Swan Streets in the building that had formerly been the home of the Manufacturers and Traders National Bank of Buffalo. I watched for Mr. Blake to return, and went out to greet him on the sidewalk. He invited me up to his room in the Statler Hotel that very evening, to see "some currency." Upon my arrival, Mr. Blake opened a briefcase and removed a stack of some FIFTY uncut sheets of small-size 1929 Series National Bank notes. Almost all of the sheets were from dif- ferent banks. About 40 of the sheets were composed of $5, $10, and $20 notes; the balance were sheets of $50 and $100 notes. A few of the sheets were folded, but most were crisp, uncirculated notes. Needless to say, I was thrilled to see this remarkable dis- play. Few of these notes could be seen locally, as most of the national banks in Buffalo had converted to state-chartered banks. My most rewarding visit with Mr. Blake lasted about an hour. The destination of the hoard of sheets was not disclosed. But I am quite certain that Mr. Blake found a buyer, and that the notes escaped the certain destruction that awaited them in the banks. Mr. Blake was a pioneer in bank note collecting, and we owe him (and several other men of means at that time) a debt of gratitude for saving many large-size notes from the incinerators! °tic/ Pap el z •;,A !41-1.14..rill (612 eou• 4 MC 1 r 4 -1) ;74:' ar g t •`.1 :( t • •ti: I I 40P 1. )•t° I • 9 • .1 11‘. 4 + 10000.000 + . ,?' • W'S T ZMILLI MILIPENG • TIZMILLIA Ittu,rtiNinti • T ZMILLIel NLILPEN4:91 et.6,• zt4,•':- 7:9•,‹ -Ve:',....r'. Page 38 Paper Money Whole No. 188 By MOHAMAD H. HUSSEIN IRDS are beautiful, fascinating and remarkable crea- tures. They are warm-blooded animals with feath- ers. Their enormous variety includes thousands of species Birds can be found in all parts of the world from the cold polar regions to the hot tropics. They live in forests, deserts, mountaintops, seashores, secluded islands and crowded cities. Some birds spend their lives in one area and others travel thousands of miles across continents and oceans each year. With their many marvelous abilities, birds have inspired inventors, scientists, artists, poets, composers and common people through the ages. Likenesses of birds adorn paper money of many nations around the world. The class Ayes (birds), one of the eight classes of verte- brates, is divided into 27 orders containing 159 families. Families are divided into genera, and the genus into species. There are about 9,700 known species of birds in the world today. The earliest known bird is the Archaeopteryx from the late Jurassic period of over 140 million years ago, discovered in 1861 in Bavaria, Germany. Archaeopteryx had toothed jaws, a long reptilian tail, three claws on each wing and could hardly fly. The next bird fossils dating back about 95 million years were found in the Midwestern United States (a region cov- ered by a large inland sea at the time). The earliest modern birds, dating to about 65 million years, included the ances- tors of today's ducks, flamingos, and pelicans. It is believed that all species of present day birds existed by the time the last glacier of the Pleistocene Ice Age retreated 10,000 years ago. It may not be possible to accurately compile a census of the total number of birds in the world; however, experts estimate the population to be on the order of 100 billion birds. South America is known as the "bird continent" with more than 2,500 breeding species. The country with the highest number of spe- cies is Colombia—over 1700. The forests of eastern Brazil are home to 1000 species of birds. Numbering in the billions, the red-billed quelea, an African seed-eating weaverbird, is the most abundant bird in the world. The redwinged blackbird is America's most numerous land bird with a population of more than 30 million. The house sparrow is the most widely distrib- uted bird in the world, populating more than two-thirds of the earth's land surface. The largest assembly of birds in the world is the gathering of more than 50 million bramblings every night for several weeks near the Swiss town of Hunibach. There are several hundred rare species in the world today. The rarest bird of prey is the Mauritius kestrel. The rarest of the 255 pigeon species is the pink pigeon of Mauritius. Among the world's rar- est parrots is the Puerto Rican parrot of the Greater Antilles. The California condor is almost extinct and now mostly lives in cap- tivity; it lays only one egg every couple of years. However, a tiny number does not mean that the species is endangered; the St. Kilda wren, for example, has existed on the small Hebridean island for perhaps centuries with a mere population of only a few hundred pairs. In the last 300 years, more than 80 kinds of birds have be- come extinct, some by natural causes and others by human B Hungary P129. io I I I ATP7159535 ATP7159535 SANKT POilltEW1 ADAG AS I KARA 4- 4 Paper Money Whole No. 188 Page 39 causes. The first man-made extinction in modem times were the dodos, large pigeon-like flightless birds who lived on the island of Mauritius in the Indian Ocean. In North America, the Carolina parakeet, great auk, Labrador duck and passen- ger pigeon birds have died out since the arrival of the first set- tlers. Several other North American species, including the ivory-billed woodpecker, have not been seen for years and are presumed extinct. More than 200 kinds of birds around the world are now rare and in danger of extinction; more than 60 species are native to the United States, including the Hawaiian honeycreepers, Eskimo curlew, red-cockaded woodpecker and whooping crane. Worldwide today, the increased threats to birds include habitat loss, pesticides, pollution, increased development, water management and technology, among others. All birds have wings, but not all can fly. Ostriches and pen- guins are flightless. Ostriches are the fastest birds on land; they can run at speeds reaching 40 miles per hour. The world's fast- est running flying bird is the American greater roadrunner; it has been clocked at 26 miles per hour. Penguins are the fastest bird swimmers reaching a burst of speed of 17 miles per hour. With a 25-foot wing span, the extinct Argentavis magnificens is the largest known bird which ever flew. Presently, the wander- ing albatross of the southern oceans has the largest wingspan reaching 12 feet. The homed sungen, a South American hum- mingbird, has the fastest wing-beat at 5400 beats per minute. At an average weight of about 40 lbs, the great bustard is the world's heaviest flying bird. The mute swan needs a long, clear stretch of water for its cumbersome take-off, but once airborne, it has the most graceful flight. Birds are the fastest animals. The world's fastest flying bird is the peregrine falcon with speeds in excess of 215 miles per hour. The white-throated swift is America's fastest bird with a flight speed of about 200 miles per hour. The American wood- cock is the world's slowest flyer at 5 miles per hour. Flocks of bar-headed geese regularly fly at altitudes of more than 25,000 feet. On November 29, 1973, a Ruppell's griffon vulture col- lided with a commercial aircraft at an altitude of 37,000 feet over the Ivory Coast in western Africa. Arctic terns are the great- est long distance travelers; they voyage more than 11,000 miles each way between their breeding grounds in the Arctic and their winter place in the Antarctic. The sooty tern is the most aerial of all birds; it remains continuously airborne for as long as ten years after leaving its nesting ground. The smallest bird in the world is the bee hummingbird of Cuba and the Isle of Pines; it measures about 2.25 inches in length (half of which accounts for the bill and tail), weighs less than a tenth of an ounce, and has a nest the size of half a walnut shell. The largest nest, measuring 35 feet across and 15 feet in height, is built by the Australian mallee fowl. The world's Canada P86. largest bird is the flightless male African ostrich; it may grow as tall as nine feet and weigh close to 350 pounds. Cranes can stand more than six feet high, making them the world's tallest flying birds. The most prominent feature of birds is their feathers. The whistling swan has the highest number of feathers-25,000. The bird with the least number (940 feathers) is the ruby- throated hummingbird. A red jungle phoenix fowl owned by Masasha Kubota of Kochi, Japan in 1972 had a tail feather almost 35 feet long. The bills of birds differ mainly according to how they feed. The Australian pelican has the longest bill reaching 20 inches in length. The South American sword-billed hummingbird has a bill that is longer than the rest of its body. Nightjars have some of the shortest bills of all birds, measur- ing less than a tenth of an inch. The wrybill plover of New Zealand is unique in having a sideways-curving bill. There are a number of birds (Scottish crossbills, parrot crossbills and white-winged crossbills) with peculiar crossed bills. The hawfinch has the most powerful bill and jaws capable of eas- ily crushing olive stones. The branch of zoology that deals with the scientific study (anatomy, physiology, etc.) of birds is called ornithology. Much of our general knowledge about birds also comes from a popu- lar hobby known as birdwatching. Birdwatchers seek to ob- serve and identify birds in their natural habitat. Ms. Phoebe Snetsinger of Webster Groves, MO is the world's leading bird watcher. In a 30-year period she has seen more than 7770 kinds of birds, which is about 80% of the total known species. In 1986 three Kenyans logged more than 340 species in one day during the Birdwatch Kenya '86 event. Many organizations have been established around the world for conservation efforts, habitat protection and the study of birds. The Audubon Society was established in the United States in 1886 and now has 570,000 members in more than 500 communities nationwide. The Birder's World magazine (Kalmbach Publishing Co., 1-800-446-5489) is a speciality DINIAN JATO ARIA ter Madagascar P76. Page 40 Paper Money Whole No. 188 Country Denomination Date Description/Pick No. Albania 100 leke 1993 Falcon at center on back/P.55 Algeria 500 francs 10 dinars 2.1.1958 1.1.1964 Two vultures perched on rock on face/P.26 Three storks on face/P.52 Argentina 1 peso 1.3.1866 Eagle with wings spread on face/P.S1974 Bahamas 10 dollars L.1965 Six flamingos on back/P.22 Bangladesh 2 taka ND(1989) Bird on branch on back/P.31 Belize 100 dollars 1.5.1990 Birds of Belize on back/P.41 Bermuda 10 dollars 20.2.1989 Bird flying at center on back/P.31 Bhutan 5 ngultrum ND(1981) Two stylized bird-like creatures on face/P.7 Bolivia 1 boliviano 5000 pesos bolivianos 1.1.1883 D.10.2.1984 Condor at center on face/P.S205 Stylized condor on back/P.168 Botswana 50 pula ND(1992) Birds on front and back/P.14 Brazil 100,000 cruzeiros ND(1992) Hummingbird feeding nestlings face/P.235 Burundi 1000 francs 1968-75 Tropical bird on branch at left on face/P.25 Canada 2 dollars 10 dollars 50 dollars 1000 dollars 1986 1989 1988 1988 Two robins on back/P.84 Osprey on back/P.86 Snowy owl on back/P.88 Two pine grosbeaks on back/P.90 Cape Verde 1000 escudos 5.6.1992 Bird at center on face/P.65 Chad 500 francs 1978 Many birds on face/P.2 Chile 1000 pesos 29.1.1929 Condor at left on face/P.87 China 10 dollars 1.10.1923 Rooster at left on back/P.519 Colombia 5 pesos 10,000 pesos 20.7.1915 1992 Condor at right on face/P.323 Native birds on back/P.435 Cook Islands 3 dollars ND(1992) Bird at right on back/P.7 Costa Rica 5 colones 5000 colones 1.6.1910 28.8.1991 Eagle at center on face/P.S201 Bird at center on back/P.257 Cyprus 10 pounds 1977-85 Two birds on back/P.41 Denmark 10 kroner 10 kroner (19)50-53 (19)72-78 Two birds in nest at right on face/P.43 Duck at left on back/P.48 Ecuador 4 pesos 5000 sucres 31.12.1862 1.12.1987 Condor at center on face/P.S113 Two birds at center on back/P.126 Egypt 25 piastres 1.11.1961 Eagle with shield at left on face/P.31 Estonia 500 krooni 1991 Bird flying over pond on back/P.75 Ethiopia 1 birr (1976) Two birds on branch at left on back/P.30 Falkland Islands 50 pounds 1.7.1990 Penguins at left on face/P.16 Finland 100 markkaa 1986 Swans flying on back/P.115 France 400 livres 21.11.1792 Eagle at center on face/P.A68 Gambia 10 dalasis ND(1991) Birds at center on face/P.13 Germany 10,000 mark 19.1.1922 Stylized eagle at center on back/P.70 German Fed. Rep. 100 deutsche mark 2.1.1960 Eagle on back/P.22 Guatemala 1 quetzal 1934-45 Birds at left and right on face/P.72 Hong Kong 500 dollars 1979 Mythical bird at right on face/P.80 Paper Money Whole No. 188 Page 41 Country Denomination Date Description/Pick No. Hungary 10 million milpengo 24.5.1946 Dove with olive branch on back/P.129 Iceland 500 kronur L.1961 Birds following sailors on back/P.45 Indonesia 100 rupiah 20,000 rupiah 1.1.1959 1992 Birds of Paradise on back/P.69 Cendrawasih bird at center on face/P.132 Jamaica 2 dollars (1970) Bird at center on face/P.55 Japan 1000 yen ND(1984) Cranes at left and right on back/P.97 Kuwait 10 dinars (1980-91) Falcon at left on face/P.15 Kyrgyzstan 1 tyiyn ND(1993) Eagle at center on face/P.1 Lebanon 1 livre 1.12.1945 Two birds on back/P.48 Liberia 50 cents Nov. 1837 Two ducks at left and right on face/P.S114 Lithuania 1 (Talonas) 1992 Two birds on back/P.39 Madagascar 500 ariary ND (1993-) Heron on back/P.76 Malawi 5 shillings L.I964 Bird at right on back/P.1A Mexico 100 pesos 1885-1911 Eagle with wings spread on back/P.S261 Mynamar 25 kyats ND(1972) Mythical winged creature on back/P.59 Netherlands 100 gulden 28.7.1977 Water-snipe bird on front, bird on back/P.97 Netherlands Antilles 250 gulden 1.1.1990 Caribbean mockingbird at center on face/P.22 New Zealand 100 dollars ND(1993-) Mohua yellowhead bird on back/P.181 Papua New Guinea 2 kina ND(1975) Stylized bird of paradise on face/P.1 Poland 10 marek 1917 Crowned eagle at center on face/P.12 Portugal 5000 escudos 12.2.1987 Stylized birds on front and back/P.113 Romania 20 lei 200 lei 26.2.1909 Dec. 1992 Flying eagle at center on back/P.31 Many birds on front and back/P.95 Russia 50 kopeks 1919 Double-headed eagle on back/P.S202 Seychelles 10 rupees ND Nesting bird at center on face/P.23 Sri Lanka 10 rupees 26.3.1979 Bird in tree at center on face/P.66 Singapore 1000 dollars 10,000 dollars ND(1978) ND(1980) Brahminy Kite bird at left on face/P.16 Sea eagle at left on face/P.17 Slovakia 500 korun 12.7.1941 Two doves at center on face/P.13 St. Thomas & Prince 50 dobras 12.7.1977 Parrot at center on face/P.52 Surinam 5 gulden 9.7.1991 Tropical bird at left on back/P.46 Swaziland 2 emalangeni ND(1986) Different birds on back/P.13 Sweden 20 kronor ND(1992) Goose in flight over landscape on back/P.61 Switzerland 50 franken (19)78 Owl on back/P.182 Trinidad &Tobago 10 dollars (1977) Bird on branch at left on face/P.32 Tunisia 20 dinars 7.11.1992 Stylized dove at center on back/P.88 Uganda 100 shillings ND(1966) Crested crane at left on face/P.4 United Arab Emirates 500 dirhams ND(1983) Falcon at right on face/P.11 United States 20 dollars 3.3.1863 Eagle at left on face/P.245 Yugoslavia 1000 dinara 1.12.1931 Flying bird at right on face/P.29 Zaire 100 francs 1.8.1964 Two birds at right on face/P.6 Zambia 10 shillings 1 pound ND(1964) ND(1964) Chaplins Barbet bird at right on face/P.1 Lovebird at right on face/P.2 li PAN DS BANFIN L -7; 41101v- - Sala ma rk kaa Ilundra mark Indonesia P69. Page 42 Paper Money Whole No. 188 publication on the subject. Information on birds may also be found through the internet at . Birds serve mankind in an amazingly large number of ways. Chickens, ducks, quails, turkeys, geese and other birds pro- vide meat and eggs for food. The chicken is the world's most abundant domesticated bird with an estimated population of over 8 billion. In the United States, more than 35 billion pounds of chicken meat and more than 75 billion eggs are produced annually. About 215 billion chicken eggs are laid in China each year. Eskimos in Greenland store eider ducks and dove-kies for winter diet. The bird's role in pollination enables man's vegetative food supply to flourish. Some birds help farm- ers by devouring insects that attack their crops and others eat rodents that destroy grains and material. Dried excre- ment of seabirds is an excellent fertilizer. For a long time feathers were used as writing instruments (pens) and are now used in costume ornamentation, uphol- stery and as fishing flies. In the old days sailors took pigeons with them to sea, and when they lost their bearing they let one fly, which it did promptly to land. The use of pigeons to carry messages is legendary. Fal- conry is a popular sport. People all over the world keep birds as pets for companionship and show. Favorite bird pets include canaries, parrots and parakeets. An African parrot named Prudle had a vocabulary of nearly 800 words. A budgerigar named Puck in California had a vocabulary of nearly 1700 words. Birds can also do great harm to man. The red-billed quelea is the world's most abundant bird and agriculture's worst bird pest. Other serious bird pests include the red-winged black- bird, European starling, and woodpigeon. In their search for food, they destroy valuable crops and farms. Hawks and other birds of prey kill domesticated animals. Birds carry viral agents from one region to another and transmit serious diseases, as psittacosis, to man. In aviation, birds cause occasional loss of human life and billions of dollars in aircraft damage each year. Man has long shown his admiration for birds by painting them. Paleolithic cave paintings of birds from about 17,000 Sweden P61. years ago are among the earliest works of art. Ancient Egyp- tians painted birds as far back as 5,000 years ago in meticu- lous details. In medieval Europe, borders of manuscripts, psalters and breviaries were decorated with images of birds. Paintings were provided by Emperor Frederick II in the first known serious studies of birds in the middle of the 13th cen- tury. The book The Birds of America by John Audubon (1785- 1851) is the most expensive book on birds in the world; it was sold in 1984 for more than 1.5 million dollars. Birds are also Finland P115. the main topics of masterpieces of other branches in the arts, such as literature, music, dance and films. In additon to their striking beauty, certain birds serve as sym- bols: owl for wisdom, dove for peace, and eagle for freedom. Many countries around the world depict birds on their coats- of-arms, flags, stamps, coins and paper money. Birds are fea- tured as main topics on bank notes of many countries from Albania to Zambia. The accompanying table lists notes from 73 issuing-authorities from around the world. All notes are listed by Pick Numbers to the Standard Catalog of World Paper Money volumes 1, 2 and 3 published by Krause Publications, Inc. of Iola, Wisconsin. Notes depicting birds are beautiful and facinating works of art. The figures show a sample of these notes from several countries. ■ ■ • OBSOLETE MOTES ■• • • ■ Also C5A, Continental & Colonial, Stocks & ■ • Bonds, Autographs & Civil War Related ■ ■ ■ ■Material. ■ ■ LARGE CAT. $2.00 Ref. ■ ■ ■ Always Buying at Top Prices ■ ■ ■ ■ RICHARD T. HOOBER, JR. •■ ■ P.O. Box 3116, Key Largo, FL 33037 ■ ■ ■FM or Phone (305) 853-0105 ■ N January 1887 Thomas Chilton Jasper, who was origi- nally from Kentucky, came to Plano seeking a build- ing from which to conduct a banking business. He organized The Plano National Bank, investing $40,000 of his personal funds in the bank's $50,000 capitalization. The origi- nal organizers and stockholders of the bank who participated with Jasper were John S. Armstrong, George W. Bowman, Jack- son H. Bowman, Olney Davis, George W. Jones, Henry C. Overaker, and W.H. Thomas. They were some of the leading men in Plano and the surrounding area. The bank was organ- ized on July 7, 1887, and received charter number 3764 from the Comptroller of the Currency on July 28, 1887. The l .0.0.F. lodge sold the lower floor of its two-story brick building to the bank on July 14, 1887. The previous tenant of the ground floor had been H.L. Murray's Saloon. The Plano I 376.1 C.V011rat. .1.11741.011eirei_ 21122 441.fa , (.44.44agaAtaltx-uuk.u, f:60,4"3ez 1,;Al j Yt45.T‘,$YR-.511-1;.1:,1 re.,Ls!jr.":%.1y;>14');1:6 - ,144W110, Paper Money Whole No. 188 Page 43 ABOUT TEalSwMOSTLY Bamalks 'TEXAS by FRANK CLARK Plano, a northern suburb of Dallas, is located in southern Collin County. Plano was named for the plains on which the town was built beginning in 1851. Over the past 30 years Plano has grown from a country town to a bustling city. This article re- views the early national banks in Plano which helped build the foundation for this successful com- munity. THE PLANO NATIONAL BANK National Bank remained at this location throughout its ex- istence. T.C. Jasper served 25 years as the bank's first cashier, retir- ing in March of 1913. George W. Bowman was the bank's presi- dent, serving until his death on June 24,1921. His brother, Jackson H. Bowman, was the bank's first vice-president. Other cashiers were W.R. Norton, Claude M. Jasper (T.C. Jasper's son), and D.S. Coleman, who was a nephew of Mrs. T.C. Jasper. Olney Davis served as vice-president, and he was later the Mayor of Plano. When George W. Bowman died, he was succeeded by Joseph H. Gulledge. Gulledge served until The Plano National Bank and The Farmers National Bank of Plano merged to form The First National Bank of Plano on January 1, 1931. Gulledge retired after the merger. On February 28, 1920 C.W. Rye, the night watchman for the city of Plano, was making his usual rounds past the rear of The Plano National Bank building, when he saw two men rob- bing the bank. In the ensuing action, Rye was shot and mor- tally wounded. Rye lived for only 15 minutes after help arrived, but he told those who found him that there were two robbers involved. The robbers had chiseled a hole through the brick wall large enough for a man to slip through into the vault. Various estimates stated that Liberty Bonds valued at anywhere from $20,000 to $150,000 had been stolen, but the actual loss to the bank was about $1,100. Additionally, about 200 safe deposit boxes had been opened and looted. At 5 A.M., about 15 minutes after Rye was shot, the sound of an automobile "thundering past" was reported south of the town. This robbery reminded the citizens of an earlier robbery; in 1895 the bank was broken into, the safe blown open, and $20,000 in cash taken. Unfortunately, no arrests were ever made in either incident. The Plano National Bank issued both large- and small-size national bank notes: in large-size, these were Series 1882 $10 and $20 Brown Backs, and Series 1902 $10 and $20 Red Seals, Date Backs, and Plain Back notes. The Series 1929 notes were Type I $10 and $20 notes THE FARMERS AND MERCHANTS NATIONAL BANK OF PIANO The Farmers and Merchants National Bank of Plano was organ- ized on December 17, 1900 and received Charter 5692 from he Na. ANO, Series 1902 Third Charter Plain Back note issued by The Plano National Bank. Signatures of D.S. Coleman, cashier, and I.H. Gulledge, president. OR OTHER SE CUMTIE: S 411' al) eglAgg Cash' os,,rrsrartfisatz=1*=.7.."...1 " 11,„,,,,,gaj:_rh*T4y3..mxme tc.1.0, INF FIRST 13511 1000002 NATIONAL BANE OF PLANO TEXAS — FIVE DOLLARS 1000002 13511 1 5 1 1 Page 44 Paper Money Whole No. 188 Series 1882 $20 Date Back issued by The Farmers and Merchants National Bank of Plano, with pen signatures of R.A. Davis, cashier, and Olney Davis, president. the Comptroller of the Currency on January 1, 1901. The origi- nal capital of the bank was $50,000. The organizers of the bank were: Olney Davis, who owned one-third of the stock and served as the bank's president during its existence; Henry C. Jones, cashier; John L. Brown, J.H. Carpenter, R.H. Crawford, C.S. Haggard, James N. Mendenhall, Homer L. Murray, and C.F. Saigling—all stockholders and members of the bank's board of directors. On February 2, 1905 a fire spread through downtown Plano, and the bank building was damaged. Plano was known for the many large fires that raged through its downtown area in the late 1800s, and insurance rates were very high because of this constant danger. The bank was placed in voluntary liquidation on December 16, 1920, and a portion of its assets were transferred to the Farmers State Bank of Plano, which had been chartered on December 9, 1920. Olney Davis served as president of the Farmers State Bank until his death in 1922. Arch Weatherford was the vice-presi- dent, and Robert A. Davis, Olney's son, was the cashier; the younger Davis succeeded his father as president in 1922. In addition to the three officers, the board of directors also in- cluded J.H. Carpenter, W.H. Chaddick, Guy M. Rice, and Wil- liam Forman. On January 2, 1925 the Farmers State Bank was reorganized as a national bank; on January 6th of that year it officially became The Farmers National Bank of Plano, operating under charter 1,222. The organizers of the new bank were the men who had served as directors of the Farmers State Bank, and they continued to oversee the affairs of the national bank. R.A. Davis and the estate of his late father, Olney Davis, held over half of the shares of the new bank; R.A. Davis became the first president. By a resolution of the stockholders, The Farmers National Bank of Plano was placed in voluntary liquidation on January 23, 1931, and was merged with The Plano National Bank. The succeeding institution was named The First National Bank of Plano. The Farmers and Merchants National Bank of Plano issued Series 1882 Brown Back, Date Back and Value Back notes in denominations of $10 and $20. The total amount issued was $492,450, and the amount outstanding when the bank closed in 1920 was $49,995. The Farmers National Bank of Plano, Charter 12622, did not issue any national bank notes. THE FIRST NATIONAL BANK OF PIANO On December 5, 1930 The First National Bank of Plano was organized; on December 17, 1930 it was issued charter 13511, with a capital of $50,000. This new bank, which began opera- tions on January 1, 1931, was the successor of a merger be- tween The Plano National Bank and The Farmers National Bank of Plano. The organizers of the bank and the principal stockholders included D.S. Coleman, Robert Arthur Davis, Fred Harrington, Charles M. Rice, W.J. Robbins, and Arch Weatherford. These men served as the board of directors. The bank's officers were Robert A. Davis, president; Arch Weatherford, vice-president; and D.S. Coleman, cashier. In the bank's first month of exist- ence, it purchased the Liberty State Bank of Murphy, Texas. The First National Bank opened for business in the former location of The Plano National Bank. During the 1950s the bank moved to a new location, and the old building was occu- pied by the A.R. Schell Insurance Agency. The outside of the old building was changed, but it has since been restored to its appearance in the 1930s. In May of 1979 The First National Bank of Plano became a subsidiary of the Republic of Texas Corporation, a statewide bank holding company. Series of 1929 $5 Type II note issued by The First National Bank of Plano. Engraved signatures of D.S. Coleman, cashier, and R.A. Davis, president. The First National Bank of Plano issued 1929 Series Type I and Type II $5 national bank notes. The total amount of circu- lation was $200,310. When the note-issuing period ended in July 1935 the bank's outstanding circulation was $32,000. References on page 46 nksHawaii's National m u, ,,,, hSW VIII nr 114 mm, by DON C. KELLY 0 Paper Money Whole No. 188 Page 45 A Third Chanter note from the Baldwin National Bank of Kahului. IVE note-issuing national banks were chartered in the Territory of Hawaii. The first and largest was the First National Bank of Hawaii. The person most closely identified with efforts to establish the bank was George W. Macfarlane. A boyhood friend of King Kalakaua, Macfarlane was made a colonel in the royal army by the King who ap- pointed him Chamberlain in 1888. Macfarlane's efforts to gain a national bank charter for Hawaii began in 1893. Frustrated in his attempts, Macfarlane and investors in Hawaii and the mainland formed the First American Bank. In a prospectus dated May 6, 1899 Colonel Macfarlane announced that the First American Bank was a temporary organization until the United States Congress adopted legislation that would allow the establishment of a national bank in the territory. The pro- spectus indicated that the national bank would be a Deposi- tory of the United States Government and that it would become a "bank of Issue of United States National Gold Notes." The for- mation of National Gold Banks and their note-issuing privi- leges remained in effect even after the legislation which authorized the National Gold Banks to convert to regular na- tional bank status. Imagine the fun collectors could have had collecting Territorial Gold Bank notes—or small-size National Gold Bank notes! The First American Bank opened its doors for business on September 5, 1899. A story in a Honolulu newspaper, the Pa- cific Commercial Advertiser, indicated clearly what the future held for the First American. "The arrangements have been made so that within a few hours the First American may be changed into the First National. As soon as legislation is effected for the Islands by Congress the change will be made and Honolulu will possess a national bank." The legislation authorizing the formation of national banks in the Territory of Hawaii came on April 30, 1900. The First National Bank of Hawaii, Honolulu was organized July 25, 1900 and received its charter August 23, 1900 (Charter 5550). The first president of the bank was Cecil Brown. The first cash- ier was W.G. Cooper. Colonel Macfarlane served as a director. The earliest issues were Series 1882 Brown Backs, not the prom- ised Gold Bank notes. Darn! On July 7,1929 The First National Bank of Hawaii consoli- dated with the First American Savings Bank, the Bank of Bishop and Company, Ltd., and The Army National Bank of Schofield Barracks (Ch 11050) to form the Bishop First National Bank, Honolulu. The first president was Allen W.T. Bottomley. The first cashier was Orville N. Tyler. In 1933 Charter 5550 underwent another title change, be- coming Bishop National Bank of Hawaii at Honolulu. John Waterhouse served as president. Orville Tyler continued as cashier. Perhaps the most interesting chapter in the history of Hawaii's national banks began when Charles D. Lufkin led the First National Bank of Hawaii and organized the second national bank chartered in the territory of Hawaii. Lufkin's efforts gave birth to The First National Bank of Wailuku, lo- cated on the island of Maui. It received Charter 5994 on Octo- ber 17, 1901. The many plantations on Maui were seen as lucrative clients of Maui's first bank. The bank opened for busi- ness on November 27, 1901, with W.I. Lowrie as president and Lufkin as cashier. Lowrie resigned in September, 1902 to take a position in Porto Rico. He was succeeded as president by Charles Montague Cooke, who served until his death in August 1909. Cooke's son, Clarence Hyde Cooke, became the bank's third president. The First National Bank of Wailuku was a prosperous con- cern. Its circulation increased from $25,000 to $35,000 dur- ing its first five years of operation. In fact, the banking business F Nalthnlailintirrent7 Pr MIMEO IIIMIIIMONS , •4• prefttui UNITED STATES OFAMERICA ti11231 651 I ti1 / //ex /// / ifigitElleAMN p 0 1,101 0)7" 141tNit 8207If. irywoloobresoli ( (-) -t 10-7441120211111W11011000111M1121Mattirfrin f1_24 Page 46 Paper Money Whole No. 188 A Third Charter note from the First National Bank of Hawaii. on Maui was deemed so attractive that Lufkin and his associ- ates organized another national bank in Lahaina, just 23 miles from Wailuku. The Lahaina National Bank received Charter number 8101 on February 19, 1906, and opened for business April 2, 1906. Charles Montague Cooke was president and Charles D. Lufkin was cashier, serving in the same positions they held with the Wailuku bank. In effect the Lahaina National Bank was a branch of the First National Bank of Wailuku. Following Cooke's death in 1909, his son Clarence assumed the presi- dency. The bank's offices were located in a former bakery. This building and the rest of beautiful downtown Lahaina were destroyed by fire in January 1919. Charles Lufkin was not finished with organizing national banks on Maui. On September 26, 1913 the Comptroller of the Currency T.P. Kane issued a certificate to commence busi- ness to Charter 10451, The First National Bank of Paia. The bank opened October 20, 1913 with Clarence Cooke as presi- dent and Lufkin as cashier. At this moment in time Cooke and Lufkin served in the same positions with three national banks. Like the Lahaina National Bank, the Paia bank was effectively a branch of the First National Bank of Wailuku. Why not sim- ply open 'real' branch offices? Branches were forbidden under the laws governing national banks at that time! On March 31, 1917 the Board of Directors of The First Na- tional Bank of Wailuku voted to amalgamate their bank with the First National Bank of Paia and The Lahaina National Bank, and form a bank chartered under territorial laws. The result- ing bank was The Bank of Maui, Ltd. It received its charter April 30, 1917 and began operation the next day, May 1,1917. Collectors now have an explanation for the common liquida- tion date for the Wailuku, Lahaina, and Paia national banks, May 1, 1917. The primary reason for amalgamating the three banks was to avoid the numerous restrictions imposed on national banks. For example, national banks were prohibited from making loans on real estate and they could not establish branches. Banks with a territorial charter were not subject to these re- strictions. The Baldwin National Bank of Kahului on the island of Maui was organized on April 3, 1906 under the direction of Henry A. Baldwin of Puunene. The bank was capitalized at $50,000 and received Charter 8207 on May 5, 1906. Baldwin served as president and D.C. Lindsay was cashier. Like the other Maui national banks, the Baldwin National Bank found that its free- dom to engage in the full spectrum of banking business was limited by its national charter. Application for a bank charter under territorial law was made December 23, 1920. The char- ter establishing The Baldwin Bank, Ltd. was granted January 3, 1921. This step left Hawaii with just one national bank, The First National Bank of Hawaii, Honolulu. With the exception of notes on Charter 5550, all Hawaii nationals are rare. Among the trophy notes on Charter 5550 are a serial number 1 $10 Brown Back and a $100 1882 Date Back. Two $5 Brown Backs have been reported for the Wailuku bank. A $20 1902 Date Back is the only known note on the Lahaina National Bank. Four Series 1902 notes have been re- ported for the Baldwin National Bank: a $5 Plain Back, a $10 Date Back, and two $10 Plain Backs. No notes have yet sur- faced on the Paia bank, which issued just 200 sheets of $10- 10-10-20 Series 1902 Date Backs during its lifetime of less than 4 years. References Comptroller of Currency Reports, Treasury Department Publications, various years. Pacific Commercial Advertiser, Honolulu, HI. September 5, 1899. Rand McNally Bankers Directory, Chicago, IL, various years. Tilton, C.G. (June 30, 1927). The History of Banking in Hawaii. Univer- sity of Hawaii Research Publications No 3. TEXAS (Continued from page 44) REFERENCES Plano, Texas—The Early Years. (1986). The book Committee. Hickman, J. and D. Oakes (1990). Standard Catalog of National Bank Notes. Iola, WI: Krause Publications. Moody's Bank & Finance Manual. Vol. 1, (1980). New York: Moody's Investors Service, Inc. [This article originally appeared in the April 1987 issue of the Bank Note Reporter, and is reprinted with their permission. WANTED WISCONSIN NATIONALS ,d1>a1)J, Ij X34 7(3 11 §'14 MttCariar1-14"h41 W"47 5773 C. Keith Edison P.O. Box 845 Independence, WI 54747-0845 (715) 985-3644 FAX (715) 926-5043 *Yr VMS 36Y NO J 00551666 A W.,ius,ros,t) C. 10 10 Paper Money Whole No. 188 Page 47 VER since I learned about the dam things as a budding collector over thirty years ago, I have scanned almost every note that has crossed my palms, domestic or for- for a mis- E eign, matched serial number. Well, this compulsive—almost neurotic—habit finally paid off. On June 29, 1996 I withdrew $200 from a teller machine at my bank—First National Bank of Wyoming in Laramie—for use on a trip to San Francisco to attend a geology conference on how to detect faults that have a seismic hazard. Where better to go to worry about this topic than San Francisco? In fact, we spent the better part of a day walking along the San Andreas fault through residential subdivisions south of town. We even climbed into a 12-foot ditch to observe the actual fault plane pass under someone's several hundred thousand dollar house. But getting back to the story. I stuffed the $200-10 twen- ties—into my wallet and was off for the airport. I was blowing $20 bills off on meals at the rate of one or two a day without looking at them so had gone through two or three by the time I got around to looking at what was left in my wallet on July 1st. I instantly saw a 9 and 6 clash as one note flipped by. Astonished, I found myself looking at J00551966A/ J00551666A on a Series of 1993 federal reserve note printed at Ft. Worth. Its other vital statistics are FWC2-C1/25. It grades about very fine with the blotched red line from a square teller stamp on the face and a black smear from a magic marker on the upper left of the back. I suppose the sensation that came over me was the same as one feels when they discover that they have won the lottery. You never expect it to happen because the odds are so long. In THE PAPER COLUMN by Peter Huntoon terms of cost, if my time is worth anything, searching for this mismatch probably cost me more than the most expensive note I ever purchased outright. How many man-hours were consumed looking closely at almost every note one spent in the past thirty years? My rational side tells me I shouldn't even bother looking anymore because I got my hit. The odds were a tiny fraction of 1 in 100 million that I could find one in change and I sure didn't handle anywhere near that many notes in those thirty years. The problem is, I look more closely now than before! Is paper money collecting a hobby or an obses- sion? CORRECTIONS FOR "NON-MULES" IN NO. 187 On page 8 under "First $2 Macro Plates," the second, fifth and sixth headings should be "FIRST" (not LAST). The type face under Tables 2 and 3 should have been in italics and the caption on page 11 under the bottom illustration should be 1996 (not 1966). PEREZ Y PIA.N40 • 4:112CUIACIOA • 70 . • r .L> *.y": 1 k ////// ;e V/ /,./17,./(77 '////.r,t)41/ - i14 /// /?///////// / IiE _ ,P.5$0872// 7/72 . / •/ B*J:t c I- I Tr-i. • r■ 4. 1. 4 V :tr 11.1' ter ■-"tr_rtir _ lteri74'4:10,1 1W7t I, Page 48 Paper Money Whole No. 188 THE FIRST BANK IN PANAMA by JOAQUIN GIL DEL REAL O N 24 November 1860 Tadeo Perez Arosemena and Number of Notes Pesos Total Ricardo Planas applied for a license to establish a pri- 1000 5 5,000 vate bank in what was then the State of Panama, within 1000 10 10,000 the New Grenada Confederation. Their request was approved, and on 4 December 1860 the two men were advised to mort- gage property for an amount equal to the bank notes to be issued. Three days later P.T. Arosemena mortgaged a house he owned on Calle San Juan de Dios, today Avenue B.' The formal license that established the Banco de Circulation y Descuento de Perez y Planas was signed on 21 July 1861 2 and on 12 September a Mercantile Society of the same name was incorporated. 3 This, the first bank in Panama, issued the following notes, which totaled 5,000 pesos: Tadeo Perez died in 1865; all rights and benefits of his passed to the surviving partner, Ricardo Planas. Later in the year Planas asked for permission to issue an additional 25,000 pesos in bank notes. The mortgaged property consisted of the remains of the Compania de Jesus in the Washington district and prop- erties on Jirardot Street, today 8th St., between Central Av- enue and Avenue A. The new emission of 25,000 pesos was as follows: 6 Number of Notes Pesos Total Number of Notes Pesos Total 250 2 500 1750 2 3,500 250 3 750 1750 3 5,250 250 5 1,250 750 5 3,750 250 10 2,500 1250 10 12,500 The 2, 3, 5 and 10 pesos, PS726-730 bear a similar design with the portrait of Antonio Planas at the left. These notes were prepared by American Bank Note Co. The bank notes were readily accepted. Consequently, on 10 October Gabriel Obarrio, nephew of Tadeo Perez and cousin of Ricardo Planas, acting on the behalf of the bank, asked the authorities for permission to issue an additional 15,000 pe- sos.' On 15 November this amount was guaranteed by the mortgage of property of Tadeo Perez. The mortgaged house was on Calle de la Compania, today Avenue A. Seven days later 15,000 pesos were approved for circulation. 5 The Banco de Perez y Planas continued to operate until 1868 when its eight-year license expired.' The bank became the Bank of Panama, whose shareholders were principally those of the Banco de Perez y Planas. The mortgage for the first 25,000 pesos was canceled—the notes were burned. The notes issued in 1865 were burned on 1 June 1867, and the corresponding mortgage was canceled. 8 The Banco de Perez y Planas was established four years be- fore the Banco de Londres, Mexico y Sud America,' the first hf );?•,./. ./7 Paper Money Whole No. 188 Page 49 This 10 peso note, PS119 and other denominations for this bank in Ec- uador, was printed by American Bank Note Co. Horses Frightened by Lightening was engraved by Alfred Jones. bank to operate in Bogota, what was then the United States of Colombia. Messrs. Planas, Perez and Obarrio were commercially active in Guayaquil, Ecuador where they established the Banco Circulacion y Descuento de Planas, Perez y Obarrio on 26 Janu- ary 1867. Bank notes of various denominations were placed in circulation. The bank was forced to close in that same year. References & Endnotes 1. Archivo Nacional de Panama, Seccion Notaria, Arlo 1860, Esc. No. 226. 2. Gaceta del Estado, 11 de Setiembre de 1861, No. 205, pg. 3. 3. Archivo Nacional de Panama, Seccion Notaria, Afio 1861, Esc. No. 170. 4. Archivo Nacional de Panama, Seccion Historia, Periodo Colombiano, Cajon 868 Tomo 2516. 5. Archivo Nacional de Panama, Seccion Notaria, Ano 1861, Esc. No. 215. 6. Ibid, Afio 1865, Esc. No. 169. 7. Barrigo del Diestro, Fernando, Primer Billete de Banco en Colombia, Boletin, Club Notafilico Medellin, Medellin, Colombia, Marzo 1992. 8. Loc. cit., Arlo 1867, Esc. No. 171; 1872, Esc. Nos. 207 and 208. 9. Pick, A. (1995). Standard catalog of world paper money, vol. one. Iola, WI:Krause Pub. VARIETIES OF SERIES 1988A $ 1 WEB NOTES by BOB KVEDERAS, Sr. and BOB KVEDERAS, Jr. ETWEEN May 1992 and July 1996, the Bureau of En- graving and Printing (BEP) produced an experimental type of $1 Federal Reserve note. Collectors commonly referred to them as web notes, because the BEP printed them on an experimental web-fed intaglio press, rather than the cus- tomary sheet-fed intaglio presses. Sharp-eyed collectors recog- nized, soon after the initial release of web notes into circulation, that they differed clearly from the normal issue of $1 Federal Reserve notes. The web notes obviously lacked a quadrant number and plate position letter at the upper left of the face and a plate position letter at the lower right of the face. In addition, the back plate number on the web notes appeared at the upper right rather than at the lower right. Nevertheless, many of the earliest web notes escaped notice until they had become fairly well circulated. The BEP printed $1 web notes for Series 1988A, 1993, and 1995, but has not produced any since July 1996, when the remaining 180,000 sheets on hand received serial numbers in the A-D block for the Boston Federal Reserve District. Ironi- cally, as collector interest in web notes has grown, Congress has been pressing the BEP to dispose of the web-fed printing press, as a failed and wasteful experiment. Such an action would spell an irrevocable end to the already ceased production of web $1 Federal Reserve notes. Recently, the BEP reported the following production totals for each of the three different $1 web note series: Series 1988A, 232,320,000 notes; Series 1993, 25,600,000 notes; Series 1995, 50,560,000 notes. This comes to an approximate grand total of 308,480,000 web notes. The grand total is approximate be- cause the BEP apparently kept no record of having produced any Series 1988A $1 web star replacement notes for the At- lanta Federal Reserve District. Indeed, the BEP public affairs office has consistently replied in writing to queries, that the BEP never produced any web star notes. Based on an analysis of observed web star serial numbers and official production data for Series 1988A Atlanta star notes, it is likely that the B each block are at the bottom, while totals for each plate com- bination are at the right. The truly dedicated collector can try to complete an even more comprehensive Series 1988A set, based upon plate-com- bination usage during the various 6,400,000-note production runs within each 96,000,000-note block. Such a set could in- clude as many as 225 notes. This total includes at least thirty- six suspected, but unconfirmed, plate usages. As it stands, the ninety-six note set should be tough enough for even the most serious web note enthusiasts. Readers are encouraged to send any updates, additions, cor- rections, or comments to: Bob Kvederas, P.O. Box 34, Titusville, FL 32781-0034. Acknowledgment: The authors wish to acknowledge the help and information provided by collectors from all over the country, and especially by Tom Conklin, Jim Hodgson, Greg McLean, Doug Murray, John Schwartz, Bob Totz, and Doug Walcutt. NOTICE New Address for Editor Gene Hessler P.O. Box 31144 Cincinnati, OH 45231 NOTICE Page 50 Paper Money Whole No. 188 A-E A-F A-G B-L C-A E-I E-K F-L F-M F-N F-U F-V G-P G-Q F* TOT 1-1 B-L F-L F-M 3 1-2 A-E A-F C-A F-L F-M F-N F-U F* 8 2-1 F-L F-M 2 2-2 C-A F-L F-M 3 3-1 F-L F-M 2 3-2 A-E A-F A-G C-A E-I E-K F-L F-M F-N F-V G-P G-Q 12 3-4 A-F C-A F-N G-Q 4 3-5 F-N 1 4-2 C-A F-N F-V 3 4-4 A-E A-F C-A E-K F-N F-U F-V 7 4-5 A-E 1 4-6 A-F A-G E-I E-K F-U F-V G-P G-Q 8 4-7 E-I 1 4-8 A-G F-U F-V G-P G-Q 5 5-2 A-E F-N 2 5-4 A-E A-F E-I F-N 4 5-6 A-E A-F A-G E-I E-K F-U G-P G-Q 8 5-8 A-G G-P 2 8-4 E-I F-U F-V 3 8-6 A-F A-G E-K F-V 4 8-8 A-F A-G E-K 3 9-4 F-U F-V 2 9-6 A-G F-V G-Q 3 9-8 F-U F-V G-Q 3 10-4 F-V 1 10-6 F-V 1 A-E A-F A-G B-L C-A E-I E-K F-L F-M F-N F-U F-V G-P G-Q F* 7 9 8 1 6 6 6 6 6 8 8 12 5 7 1 96 BEP produced as few as 160,000 and possibly as many as 320,000 to 640,000 web star notes. It is also probable that at least 160,000 of these notes reached circulation. Strange as it may seem, the production total of over 308 million $1 web notes is a relatively small part of normal BEP production. Compare the more than four-year web note total with the month of August 1996 $1 production total of 320,000,000 regular notes and 1,910,000 star notes. Collectors have several options for completing a set of Se- ries 1988A web notes. The simplest set to complete would be a seven-note district set with one web note from Boston, New York, Philadelphia, Richmond, Atlanta, and Chicago, along with a web star note from Atlanta. Only slightly more diffi- cult, would be completing a fifteen-note block set with one web note from each of the following blocks: A-E, A-F, A-G, B-L, C-A, E-I, E-K, F-L, F-M, F-N, F-U, F-V, G-P, G-Q, AND F-*. For both these sets, the B-L and the F-* are the keys. Both notes are elusive, with the B-L extremely difficult to find in high grades. Another alternative for the collector would be assembling a twenty-six note plate-combination set. The mating of eight face plates with seven back plates produced the following known face-back combinations: 1-1, 1-2, 2-1, 2-2, 3-1, 3-2, 3-4, 3-5, 4-2, 4-4, 4-5, 4-6, 4-7, 4-8, 5-2, 5-4, 5-6, 5-8, 8-4, 8-6, 8-8, 9-4, 9-6, 9-8, 10-4, and 10-6. Combinations 3-5 and 4-5 are the keys, and extremely rare. To date, collectors have not discov- ered any notes from face plates 6 or 7 or from back plate 3. The truly ambitious can attempt to complete the ninety-six note set shown in the following table. This table shows the ninety-six confirmed block and plate combinations. Totals for /4 - 7/t. „3„,/ ? .3L; IktSP/' br.-4.4e! / tti'LV/,',.i et 7 4, days, nt$3 50 each per day, $ teams, with plow, scraper, or wagon and dviegt .,- Cierseer.f CtFzf at.• ' Road Overseer's Certificate. Section 41, page 156.1 Session Acts 1808. Iowa gYidtt.C1 =MTV CIF Matt o THE STATE OF MISSOURI, 8S • DOLLARS, and CENrs, for services performed by . . ..... upon rends in maid County, according to law, on the of A. D. 187 U ; the items of such service being as follows: handir-4 " • days, Idi1'50 each prfda This Certifies that is entitled to a credit of Any WiTNY4P3 my hand, ne rtnail Overseer of said District, this ... :: ddy o f D. 10 •,„ . To * Paper Money Whole No. 188 Page 51 Missouri Road Overseer's Certificate by BOB SCHMIDT RESENT-DAY Missourians might be surprised to learn that their 19th century ancestors might have been re- quired to help in the maintenance of the country roads, as these road overseer's certificates show. Individual counties were responsible for road maintenance and initially this was funded by 3 percent of the proceeds from the sale of public lands. However, the roads remained neglected and many thought of them as nuisances. Travelers frequently lost their way, and streams could not be easily forded owing to the lack of bridges. The answer to this dilemma came from the state legislature. Each county would divide itself into road districts with an overseer appointed for each. The overseers would then con- tact men age 21 to 50 in their district to do work on the roads. The overseer was allowed $2 per day of work that he per- formed while $1.50 was credited for each man's labor per day. A road overseer's certificate was given to the person following the day's work. Some residents just elected to pay the amount "i; „,/11(.4„ f I La e it.-1 rtf 4t- c//e/ade 'FL lc /It? 4.<,L.),, (/' 11,, due rather than do the work and at least one overseer pre- ferred this latter method. T.P. Russell was a road overseer for Road District No. 8 in Iron County, Missouri in 1876. He thought it would be much better to have all the road tax paid in money as he could then hire his own men and get more from them than from the in- experienced citizens. The illustrated certificates are an excellent reminder of how roads were maintained in a bygone era, but more importantly, they provide a fascinating bit ofAmericana for today's collector. Sources Iron County Register, Vol. XI, No. 22, December 20, 1877. Primm, J.N. (1954). Economic policy in the development of a western state, Missouri 1820-1860. Cambridge, MA:Harvard University Press. A special thanks to Jack Clay at the St. Francois County Missouri His- torical Society, Farmington, Missouri. P <-• t `1,),(4t. 4/, rf • jlacLc...ZP( L1 y / 1'( The Civil War did not deter the road overseer from collecting the road tax from Mr. Mason's estate in 1863, as this certificate from St. Francois County, Missouri demon- strates. to The Linn County, Missouri certificate credits Mr. Wyett with $2 toward his obligation in 1870. Page 52 Paper Money Whole No. 188 SPMC Annual Awards The 1996 SPMC Awards will be presented at the Interna- tional Paper Money Show in Memphis, Tennessee, in June 1996, as follows: 1. Nathan Gold Memorial Award. Established and formerly (1961-1970) presented by Numismatic News, now by the Bank Note Reporter. Presented to a person who has made a concrete contribution toward the advancement of paper money collecting. Recipients, who need not be members of the SPMC, are chosen by the Awards Com- mittee. 2. Award of Merit. For SPMC member (or members) who, during the previous year, rendered significant contribu- tions to the Society which bring credit to the Society. May be awarded to the same person in different years for different contributions. Recipients to be chosen by the Awards Committee. 3. Literary Awards. first, second and third places. Awarded to SPMC members for articles published originally in Paper Money during the calendar year preceding the an- nual meeting of the Society. A. An Awards Committee member is not eligible for these awards if voted on while he is on the com- mittee. B. Serial articles are to be considered in the year of conclusion, except in case the article is a continua- tion of a related series on different subjects; these to be considered as separate articles. C. Suggested operating procedures: The Awards Com- mittee chairman will supply each committee mem- ber with a copy of the guidelines for making awards. Using the grading factors and scoring points which follow, each member will make his selection of the five best articles published in the preceding year, listing them in order of preference. The lists will be tabulated by the chairman and the winners chosen. A second ballot will be used to break any ties. D. Grading factors and scoring points: a. Readability and interest—Is the article interest- ingly written? (20 points) Is it understandable to someone who is not a specialist in the field? (10 points) Would you study the article rather than just scan through it? (10 points) b. Numismatic information covered—In your opinion, will the article be used by future stu- dents as a reference source? (20 points) Has the author documented and cross referenced his source material? Give credit for original research and depth of study. (20 points) Is the subject a new one, not previously researched, or a rehash? If it presents a new slant on an old subject, give proper credit. (20 points) The Dr. Glenn Jackson Memorial Award will be presented, if someone qualifies. This award, open to any author in any numismatic publications, is for an outstanding article about bank note essais, proofs, specimens and the engravers who created them. This award, when presented, consists of a certificate, which includes an engraving by American Bank Note Co. The Julian Blanchard Memorial Exhibit Award will be awarded for the outstanding exhibit of bank note essais, proofs and specimens, including the possible relationship to stamps. The SPMC Best of Show Award is given for an outstanding exhibit in Memphis on any paper money-related subject. MEMPHIS INTERNATIONAL PAPER MONEY SHOW At the SPMC general meeting on June 21 at the Crowne Plaza Hotel, Gene Hessler will give a slide presentation on "The His- tory of Paper Money." The cost for research and slides was in part from a donation by Ed Fritz. Watch for an announcement that will make script and slides available to members. EXHIBITS FOR MEMPHIS If you wish to place an exhibit at the Memphis International Paper Money Show please contact Mark Delgar, 9677 Paw Paw Lake Drive, Mattawan, MI 49071. Applications must be re- ceived by May 16, 1997. In addition to the plaque that each exhibitor receives, awards will be presented by the SPMC, the IBNS, the BNR, the FCCB and the SCCS. TEXAS NUMISMATIC ASSOCIATION The TNA meeting will be held at the Marriott Hotel, 5150 Westheimer Rd. in Houston. On June 14, Frank Clark will present a slide program on "Highlights from the San Fran- cisco Federal Reserve Collection." NOTICE New Address for Editor Gene Hessler P.O. Box 31144 Cincinnati, OH 45231 NOTICE Paper Money Whole No. 188 Page 53 CANDIDATES FOR THE SPMC BOARD OF GOVERNORS C. JOHN FERRERI, a phar- macist, has been a member of the SPMC since 1969. He served as its treasurer from 1975 to 1979 and has been an active board member. John has been a contribu- tor to PAPER MONEY; his article about historical vign- ettes was selected as the best article in 1992. He also contributed to the Connecticut vol- ume as part of the Wismer project. John is member of numerous organizations including the ANA, New England Numismatic Society and Currency Club of New England. RONALD HORSTMAN, a native of St. Louis, collects obsolete and national bank notes from the area. A mem- ber of the SPMC since 1964, he is a life member. Ron has written for PAPER MONEY and other publications. He is a life member of the Missouri Numismatic Soci- ety. Ron is Honorary Life Member 1 of the PCDA, and has been General Chairman of their St. Louis show since 1986, and was instrumental in arranging SPMC co-sponsorship. JUDITH MURPHY is a past board member and was the first woman vice-president and president of the SPMC. She has held those offices in numerous regional and state numismatic organizations, including the Blue Ridge Numismatic Association. Judith was named a Numis- matic Ambassador and has received the Glen Smedley Award from the American Numismatic Association. She and her hus- band Claude reside in Winston-Salem, NC. STEPHEN R. TAYLOR is a collector, exhibitor and lec- turer. He is past president of the ANA, MANIA, and GSNA and the Kent Coin Club in Delaware; he is the founder of the latter. Steve is a (Krause) Numismatic Am- bassador. He has exhibited in 36 states and five Cana- dian provinces, and received the ANA Best of Show Award in 1978. Steve has served the hobby by counseling young collectors. He has served as ANA Chairman of the Young Numismatists. 1.5.5e.4■— NEW MEMBERSHIP COORDINATOR Frank Clark NEW P.O. Box 117060Carrollton, TX 75011 MEMBERS 1975 Ray Strawn, Rt. 1 Box 70, Caruthersville, MO 63830; C, U.S. currency. 9176 G.L. Oliver, P.O. Box 178, Copalis Beach, WA 98535-0178; C. 9177 Thomas Dubas, 20105 Entradero Ave., Torrance, CA 90503; C, Nebraska NBN. 9178 Ron Pfiester, 1629 San Francisco St., Carrollton, TX 75007; C, U.S. NBN & Germany. 9179 David M. Eaton, P.O. Box 448, Norwich, NY 13815-0448; C, U.S., in frac. curr. 9180 David Whitfield, 105 Wallace Rd., Goffstown, NH 03045; C&D, U.S. lg.-size NBN. 9181 B.L. McWilliams, 207 E. California Ave., Bakersfield, CA 93307- 1032; C. 9182 John O'Neill, P.O. Box 614, Watertown, MA 02272; C. 9183 David A. Berg, P.O. Box 348, Portersville, PA 16051; D, U.S. and error notes. 9184 William Manning, P.O. Box 222, Carle Place, NY 11514; C, sm.- size U.S. 9185 Dewey E. Lanier Jr., 277 Old Red Oak Rd., Lancaster, TX 75146; C, U.S. 9186 Karl R. Weathers, 741 Sadie Court, Lansing, MI 48906; C. 9187 R. Poulson, P.O. Box 604, New Ulm, MN 56073-0604; C. 9188 Gregg S. Havass, 4522 NW 20 St., Coconut Creek, FL 33066; C, lg.-size U.S. type. 9189 Daniel A. Miller, Ph.D., 7021 Chippenham Rd., Louisville, KY 40222; C, lg.-size U.S. 9190 David Ginsberg, 2120 Appletree St., Philadelphia, PA 19103; C, 1g.-size U.S. 9191 Kurt lacoboni, P.O. Box 218, Lakeland, MI 48143; C, C.S.A. 9192 Michael Siegfried, 208 Gandy Dr., Hartsville, SC 29550; C, NBN. 9193 Ronald R. Gustafson, P.O. Box 58918, Los Angeles, CA 90058- 0918; C. 9194 Kevin Zeitler, 1891 Robinson St., Oroville, CA 95965; C&D, U.S. and C.S.A. 9195 Cecil C. Kersting, 85 Kogoli Way, Wakefield, RI 02879; C, South America. 9196 Alain Michael Ettedgui, P.O. Box 63, Beverly Hills, CA 90213- 0063; C&D, $500, $1000, $5000, $10000 Notes. 9197 Steven Jacobs, 400 E. Fourth St., Dayton, OH 45402; C. 9198 Randy Shipley, P.O. Box 476, Kingsport, TN 37662; C, CSA. 9199 Robert H. Edgerton, 22232 Del Valle St., Woodland Hills, CA 91364; C. 9200 Mark Kness, 1911-B David St., Austin, TX 78705-5311; C. 9201 C. Frank Wells, 56 North Crest Rd., Chattanooga, TN 37404; C&D. Paper Money Whole No. 188Page 54 9202 Randolph E. Suhl, 222 Metacomet Dr., Meriden, CT 06450; C. 9203 U.S. Army Library, Vilseck, 950LB05 / Unit 28038, APO AE 09112; C. 9204 Gary DeMartini, 1324 Niles Ave., San Bruno, CA 94066; C. 9205 Lester Minor, 16365 Prairie Ronde, Schoolcraft, MI 49087; C. LM201 Brad Vautrinot, 133 Cmdr., Shea Blvd. #207, N. Quincy, MA 02171; conversion from 8775. LM202 Patrick Cyrgalis, P.O. Box 141235, Staten Island, NY 10314- 0008, conversion from 8297. LM203 Daryl Crotts, P.O. Box 780359, Wichita, KS 67278-0359; con- version from 8255. LM204 Dr. Ron Aldridge, 250 Canyon Oaks Dr., Argyle, TX 76226; C&D, Dallas, TX NBN & Michigan 2nd Charter NBN. LM205 Richard L. Deavers, 223 Reservoir Ave., Central City, KY 42330; C. LM206 James J. Vermeulen, 720 E Tulip Ln., Connersville, IN 47331- 3224; C, conversion from 7610. LM207 John W. Baker, Jr., 334 Choctaw Dr., Pineville, LA 71360; C, conversion from 9601. LM208 Ed Leventhal, DBA J.J. Teaparty, Inc., 49 Bromfield St., Bos- ton, MA 02108; C&D. LM209 Ronald D. Van, P.O. Box 166, Dover, MA 02030-0166; C. CONTINENTAL & COLONIAL Notes, Autographs, Documents & Many, Many Other Early 19th Century Items. SEND FOR FREE LIST RICHARD T. HOOBER, JR. P.O. Box 3116, Key Largo, FL 33037 305-853-0105 % mone k mart Paper Money will accept classified advertising from members only on a basis of 1 SC 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 ma- terial and disposing of duplicates. Copy must be non-commercial in nature. Copy must be legibly printed or typed, accompanied by prepayment made pay- able to the Society of Paper Money Collectors, and reach the Editor, Gene Hessler, P.O. Box 31144, Cincinnati, 01-145231 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 combina- tions 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) NEW JERSEY—MONMOUTH COUNTY obsolete bank notes and scrip wanted by serious collector for research and exhibition. Seeking is- sues 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 memorabilia. N.B. Buckman, P.O. Box 608, Ocean Grove, NJ 07756, 1-800-533-616 (191) STOCK CERTIFICATE LIST SASE. Specials: 50 different $19. Five lots $75. 15 different railroad stocks, most picturing trains, $20. Five lots $80. Satisfaction guaranteed. Always buying. Clinton Hollins, Box 112- P, Springfield, VA 22150-0112. (190) NYC WANTED: Issued NYC, Brooklyn obsoletes; issued/unissued ob- soletes from locations within present-day Manhattan, Brooklyn, Bronx, Queens, Staten Island. Steve Goldberg, Box 402, Laurel, MD 20725- 0402. (191) WW II MILITARY CURRENCY MY SPECIALTY! Periodic price lists for 55t SASE; MPC, Philippine Guerilla, Japanese invasion, world coins-paper-stamps, U.S. coins-paper-stamps, Confederate, obsoletes, ERN, stocks-bonds. 702-753-2435. Edward B. Hoffman, P.O. Box 6039- S, Elko, NV 89802-6039. (192) WANTED—Autographs, Documents, Letters, Slave Related Items, Etc. Revolution through the Civil War. Richard T. Hoober, Jr. P.O. Box 3116, Key Largo, FL 33037. FAX or Phone (305) 853-0105. (188) $1 Silver Certificates Wanted from Series 1928 to 1934. I especially want star notes and scarce blocks. Frank Bennett, P.O. Box 8722, Port St. Lucie, FL 34985. (188) For sale: LARGE SELECTION OF MAINLY RUSSIAN NOTES AND PAPER COLLECTIBLES. M. Istomin, P.O. Box 2020, 310202 Kharkov, Ukraine. (189) WANTED: OBSOLETE NOTES WITH 'VIGNETTES OF BAREBACKED HORSES, especially running horses. Please send photocopies of what you have to offer. I would also like to correspond with those inter- ested in horses on obsolete notes. David Knower, Rt. 1, Box 218, Ferryville, WI 56428. (188) WANTED: DROVERS Deposit NB Chicago 6535, Drovers NB Union Stock Yards Lake, IL. 2858, Drovers NB of KC, MO 9560, Farmers and Drovers NB Somers, NY 1304. Al Sundell, Box 1192, Olathe, KS 66051 (913) 764-3489. (189) EUTAH, TRINIDAD, Daytona Beach, Milledgeville, Honolulu, Malad City, Strawn, Pratt, St. Ignace, Worthington, Cranbury, South Ostelic, Devils Lake, Tippecanoe; 48 states. Free list (specify state). Apelman, Box 283, Covington, LA 70434. (190) FOR SALE: LARGE SELECTION of Yugoslavia, former Yugoslavian states, Czechoslovakia, and former Czechoslovakian states notes and Baltic States. Stojan Blazanovic, Vladimira Varicaka 12/8, 1010 N. Zagreb, Croatia. OLD STOCK CERTIFICATES! Catalog plus 3 beautiful certificates $6. Also buy! Ken Prag, Box 14817-PM, San Francisco, CA 94114. (415) 586-9386. (198) WANTED OKLAHOMA NATIONALS FOR DAVIDSON AND FREDERICK. Also Texas nationals for Abilene, Arlington, Carthage, Merkel, Midlothian, Ozona, Perryton, Rule, Schwertner and Snyder. Ron Etter, P.O.B. 2438, Abilene, TX 79604, Tel./FAX (915) 677-8461. INDIANA OBSOLETES WANTED: Indiana obsoletes and scrip needed by collector. Send description of copy or note(s) with your asking price. Richard Reece, 1501 Keller St., Suite A, Evansville, IN 47710. Daytime phone (812) 428-6624 or fax (812) 421-1725. (189) DALLAS, TX NATIONAL BANK NOTES WANTED, large or small. Frank Clark, P.O. Box 117060, Carrollton, TX 75011. (A) Page 55 Rare Kirtland, Ohio $100 Important Historical Mormon Issue rxrmz ,ZUr.,21:Ittarriftwin . 533 Kirtland, Ohio, The Kirtland Safety So- ciety Bank, OH-245. $100. Haxby. G-18. EF. Dated July 4, 1837. Serial: 113. Made payable to Joseph Smith. Signed by War- ren Parrish as cashier and Frederick G. Williams as President. The central vi- gnette features the signing of the Decla- ration of Independence. The writer Alvin E. Rust described the issues of this bank as "the first Mormon currency endeav- our." Very rare denomination. "m" " 3 'WIZU13131 **7 ,.."2 ttlVitV '..1.11-7110111 Mae* SI IA En ItsuaLtats mougstAtiogIN Goya-rook ..uautual, EROWetat • 11011.10.1(41.0.41 IP. • CATalIMSFROCCW Paper Money Whole No. 188 BOWERS AND MERENA for the Best Prices on your Paper Money! Actual currency lot from a recent Bowers and Merena auction sale. Paper money has always been a special p) at Bowers and Merena. We offer: • Unsurpassed descriptions • Profuse illustrations •Extensive publicity • Wide-ranging expertise We would be delighted to offer single important notes and entire collections. Please call Dr. Richard A. Bagg, our Director of Auctions, at the toll-free number below. There is no obligation just the opportunity to sell your paper money for the very best market price. Auctions by Bowers and Merena, Inc. BOX 1224 • WOLFEBORO, NH 03894 • TOLL-FREE 1.800-458-4646 • IN NH 569-5095 • FAX 603-569-5319 37EXCENCM.V14.1,CM, vixaaacofgThreci-',—r.411.1% ,(k7e Aare 44;:ea el/Arlilerlew 11/.. D70990 D7b990 11g.pwliTrterri SEItlE9 .,,COLD:ACERTI FICATE, IM,2q6.05K. 1411J „7.14.1/3.t.1.1., rear 10CLIGKE4,903 , /4/ //:;,/, iie/, I\1929443 43,9341pOkliiitt ttimpps 1.1 4/4/9',44 4 4‘,/ 4,/4 • Page 56 Paper Money Whole No. 188 SUPERB UNITED STATES CURRENCY FOR SALE SEND FOR FREE PRICE LIST BOOKS FOR SALE PAPER MONEY OF THE U.S. by Friedberg. 14th Edition. Hard Bound. $18.50 plus $2.50 postage. Total price $21.00. COMPREHENSIVE CATALOG OF U.S. PAPER MONEY by Gene Hessler. 6th Edition. Hard cover. 579 pages. The new Edition. $32.00 plus $3.00 postage. Total price $35.00. THE ENGRAVERS LINE by Gene Hessler. Hard cover. A complete history of the artists and engravers who designed U.S. Paper Money. $75.50 plus $3.50 postage. Total price $79.00. NATIONAL BANK NOTES by Don Kelly. The new 3rd Edition. Hard cover. Over 600 pages. The new expanded edition. Gives amounts issued and what is still outstanding. Retail price is $100.00. Special price is $65.00 plus $4.00 postage. Total price $69.00. U.S. ESSAY, PROOF AND SPECIMEN NOTES by Gene Hessler. Hard cover. Unissued designs and pictures of original drawings. $14.00 plus $2.00 postage. Total price $16.00. Stanley Morycz P.O. BOX 355, DEPT. M • ENGLEWOOD, OH 45322 937-898-0114 Paper Money Whole No. 188 Page 57 Pay over "bid" for many Pay over "ask" for some Pay over Hickman-Oakes for many nationals Pay cash - no deal too large. All grades wanted, Good to Unc. at 77, I can't afford to wait. Currency dealer over 50 years. A.N.A. Life #103 (58 years) A.N.A. 50-Year Gold Medal Recipient, 1988 P.N.G. President 1963-1964 A.M. KAGIN 910 Insurance Exchange Bldg. Des Moines, IA 50309 (515) 243-7363 Buy: Uncut Sheets - F,rrors — Star Notes — Checks Confederate — Obsolete — Hawaiiana — Alaskiana Farly Western — Stocks — Bonds, Fitc Comprehensive Catalog of U. S. Paper vdrit ■trtuum. vlu, L vr.u, Hz -:" LARGE-SIZE ONE HUNDRED DOLLAR NOTES hiker CertUlcatAJNorHA 'MON MY, -t« -• nom it .0 I I .34. 7,10■ - III+ re) ,nal, real of InIter V,. 13 :NW American Automotive Stock Certificates Lawrence Falater CHICAGO YELLOW CAI COMPANY Page 58 Paper Money Whole No. 188 Hot off the presses Comprehensive Catalog of United States Paper Money by Gene Hessler is now available in an exciting sixth edition. Gene Hessler is the most respected scholar in paper money. His books are the best this one sets new standards! • insider's info • great illustrations • complete values design info values valuable data great illustrations insider's info • NOW FEATURING COLOR • most complete listings ANYWHERE • all Federal issues including errors, MPC, fractional and more • 576 pages, 6 x 9 format • softbound—ideal handbook at first edition price of $25 • hardbound reference book (limited printing) at S40 volv press 132 E. Second Street Port Clinton, Ohio 43452-1115-04 order via voice or fax 800 793-0683 also (419) 732-NOTE (6683) e-mail BNR American Automotive Stock Certifi- cates by Lawrence Falater is an innovative new catalog featuring: • detailed listings • comprehensive values • hundreds of illustrations • standard numbering system • 400 pages • hardbound • large format • innovative horizontal design • $45, satisfaction guaranteed • Hot Contact List''' See your favorite dealer or call, write, fax, or e-mail us. Many other titles available. Mastercard, Visa, checks and even cash accepted, please include $4 per order for packaging and shipping. Dealer inquiries invited. Satisfaction guaranteed Paper Money Whole No. 188 Page 59 508-40Th i AVENUE N.E. MINNEAPOLIS, MN 55421-3833 PHONE 612 789 7070 FAX 612 789 4747 I AM PLEASED TO ANNOUNCE SALE NUMBER 5 APRIL 11 & 12, 1997. FEATURING SELECTIONS AND DUPLICATES FROM THE LIBRARY OF JOHN & NANCY WILSON THE LIBRARY OF A CALIFORNIA GENTLEMEN Consisting of over 398 years of book collecting. It contains: ROBERT P. HARRIS'S BOOKS AND ORIGINAL MANUSCRIPTS• •CURLY MITCHELL • RICHARD RODGERS •ROY HILL & GEORGE F. HODGES, who started collecting books in 1898. THE LIBRARY OF MR. GEORGE TILLSON SELECTIONS FROM THE LIBRARIES OF MR. N.D. NICOL ALLEN G. BERMAN & OTHERS A FEW HIGHLIGHTS INCLUDE: AUCTION CATALOGUES; 10 of the first 13 ANA Sales•Complete set of STACK'S with 75% containing Prices Realized- Bound photocopy of 9 part Matthew Young Sale 1839-1841•1st American Plated Catalogue•Randall Sale. BOOKS; Cohen's Description Historique des Monnaies Frappees Sous L'Empire Romain 1955 reprints Government & Heath Counterfeit Detectors•Kraay Archaic & Classical Greek Coins•Banking Histories•Sylloge Nummorum Original sets of Part 1, Lloyd Collection, Lockett & Leake• Important Red Books•Burzio Matching set Diccionario de la Moneda Hispanoamerica. ROBERT HARRIS MANUSCRIPTS & CORRESPONDENCES; Guidebooks on Russian Coins, Modern Latin American Coins, Modern World Coins, Modern British Commonwealth Coins, Modern European Coins, Gold of the Americas and more. FIXED PRICE LISTS; El Paso Coin•Gothic Coins•H.E. Morey's 1st 20 lists•Tom Reynolds•Karl Stephens complete set. PERIODICALS; Error-Variety News 115 issues•Guttag Bros.•Coin Bulletin-The Coin Collector 1955-1968 virtually corn- plete-Numizmatika I Epigrafika 13 of 15 volumes-Seaby's Coin & Medal Bulletin-World Coins complete-10 volume Die Munze. MISCELLANEOUS & MAIL BID; ANS Monographs & Museum Notes•Bank of Manhattan•Early Bowers Material•R.A.G. Carson•H. Dorling•Autographed Mint & matching 2 volume Set President Eisenhower's White House Years•Michael Grant books•Jacobs & Vermeule•Odd Curious•Plant's Arabic Coins and how to read them•Swiss Bank sales•Mint Reports. Much, much more United States & World Literature on Silver, Gold, Copper Coins, Paper Money, Tokens, Medals, etc.. SAVE YOUR MONEY FOR MY BIGGEST AND BEST SALE YET! Order your catalogue today for $10.00 or a Numbered Copy for $12.95 Call Toll Free Now for any of your Numismatic Literature collecting needs. 1-800.789-7005 Page 60 Paper Money Whole No. 188 EARLY We maintain the LARGEST *619-273-3566 COLONIAL & CONTINENTAL CURRENCY ACTIVE INVENTORY IN THE WORLD! SEND US YOUR WANT LISTS. FREE PRICE LISTS AVAILABLE. SPECIALIZING IN SERVICES: q Colonial Coins q Portfolio q Colonial Currency Development q Rare & Choice Type q Major Show Coins Coverage q Pre-1800 Fiscal Paper q Auction q Encased Postage Stamps Attendance EARLY AMERICAN NUMISMATICS c/o Dana Linett q P.O. Box 2442 q LaJolla, CA 92038 q 619-273-3566 Members: Life ANA, CSNA-EAC, SPMC, FUN, ANACS Your Hometown Currency Headquarters Top prices paid for National Currency Collections, Large-Size Type Notes, All Florida Currency and Scrip Largest Inventory of National Currency & Large Size Type Notes! Interested? Call 1-800-327-5010 for a Free Catalog or write • *ii**".%"1-%;"*.Z.`",■,t41:=4.1e' William Youngerman, Inc. Rare Coins & Currency "Since 1 967" P.O. Box 177, Boca Raton, FL 33429-0177 Million Dollar Buying Spree Currency: Nationals MPC Lg. & Sm. Type Fractional Obsolete Foreign Stocks • Bonds • Checks • Coins Stamps • Gold • Silver Platinum • Antique Watches Political Items • Postcards Baseball Cards • Masonic Items Hummels • Doultons Nearly Everything Collectible 80: INCCOINSHOPEST 1960 "los12491om.Soaros" SEND FOR OUR COMPLETE PRICE LIST FREE 399 S. State Street - Westerville, OH 43081 1-614-882-3937 1-800-848-3966 outside Ohio Ltsior:-A itAi) Life Member /5,4!•.4 r//% . • CtrattENCY • 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 LM114 — PCDA — LM ANA Since 1976 *corm:moo, ',Mxet '":""aijihiejgga att A6381:- -:•( l';--- ,,A2,-,,,,, [Zia 441:74-4,4, 4 it ri Ma*i'vN _4 i0 1-11 11411,04"-klvIE 6161 ° maztattEs „-A., "4.1.r.A.L1.121.`'T.3 7, ».° ..`... '..A. ItIVA2 ' • tJ1■414--- N C P.O. BOX 84 • NANUET, N.Y 10954 BUYING I SELLING: ' TWO • PlIst • • !Vie- • /P. THIIENCYATIONAI. OBSOLETE CURRENCY, NATIONALS, U.S. TYPE, UNCUT SHEETS, PROOFS, SCRIP. Periodic Price Lists available: Obsoletes ($3 applicable to order), Nationals, & U.S. Large & Small Size Type. PHONE or FAX BARRY WEXLER, Pres. Member: SPMC, PCDA, ANA, FUN, GENA, ASCC (914) 352.9077 BOOKS ON PAPER MONEY & RELATED SUBJECTS The Engraver's Line: An Encyclopedia of Paper Money & National Bank Notes, Kelly 45 Postage Stamp Art, Hessler $85 U.S. National Bank Notes & Their Seals, Prather 40 Comprehensive Catalog of U.S. Paper Money Paper Money of the U.S., Friedberg. 14th edition 24 Errors, Bart 35 Prisoner of War & Concentration Camp Money of the The Comprehensive Catalog of U.S. Paper Money, Hessler 40 20th Century, Campbell Small-Size U.S. Paper Money 1928 to Date, Oakes & 35 U.S. Essay, Proof & Specimen Notes, Hessler 19 Schwartz. Softbound 25 The Houston Heritage Collection of National Bank World Paper Money, 7th edition, general issues 55 Notes 1863-1935, Logan 25 World Paper Money, 7th edition, specialized issues 60 10% off five or more books / SHIPPING: $3 for one book, $4 for two books, $5 for three or more books. All books are in new condition & hardbound unless otherwise stated. CLASSIC COINS — P.O. BOX 95 — Allen, MI 49227 Paper Money Whole No. 188 Page 61 United States Large Size Currency Send For Our Free Price List of Choice Quality Large Size Type And National Bank Notes. STEINBERG'S P.O. Box 1565-PM, Boca Raton, FL 33429-1565 Telephone: 954-781-3455 • Fax: 954-781-5865 D27120146:- 04.7.A If4 610Mtlier________ PHILLIP B. LAMB, LTD. CONFEDERATE STATES OF AMERICA, HISTORICAL CONNOISSEUR Avidly Buying and Selling: CONFEDERATE AUTOGRAPHS, PHOTOGRAPHS, DOCUMENTS, TREASURY NOTES AND BONDS, SLAVE PAPERS, U.C.V., OBSOLETE BANK NOTES, AND GENERAL MEMORABILIA. Superb, Friendly Service. Displaying at many major trade shows. PHILLIP B. LAMB P.O. Box 15850 NEW ORLEANS, LA 70175-5850 504-899-4710 QUARTERLY PRICE LISTS: $8 ANNUALLY WANT LISTS INVITED APPRAISALS BY FEE. 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 WANTED ALL STATES ESPECIALLY THE FOLLOWING: TENN-DOYLE & TRACY CITY: AL, AR, CT, GA, SC, NC, MS, MN. LARGE & SMALL TYPE ALSO OBSOLETE AND CONFEDERATE WRITE WITH GRADE & PRICE SEND FOR LARGE PRICE LIST OF NATIONALS SPECIFY STATE SEND WANT LIST DECKER'S COINS & CURRENCY P.O. BOX 69 SEYMOUR, TN 37865 (615) 428-3309 LM-120 ANA 640 FUN LM90 Page 62 Paper Money Whole No. 188 MYLAR D CURRENCY HOLDERS PRICED AS FOLLOWS BANKNOTE AND CHECK HOLDERS SIZE INCHES 50 100 500 1000 Fractional 43/4 x 23/4 $16.50 $30.00 $137.00 $238.00 Colonial 5 1 /2 x 3 1 /16 17.50 32.50 148.00 275.00 Small Currency 65/8 x 2 7/8 17.75 34.00 152.00 285.00 Large Currency 77/e x 3 1 /2 21.50 39.50 182.00 340.00 Auction 9 x 33/4 25.00 46.50 227.00 410.00 Foreign Currency 8 x 5 28.00 52.00 239.00 430.00 Checks 95/8x 4 1 /4 26.50 49.00 224.00 415.00 SHEET HOLDERS SIZE INCHES 10 50 100 250 Obsolete Sheet End Open 83/4 x 14 1 /2 $13.00 $60.00 $100.00 $230.00 National Sheet Side Open 81/2x 17 1 /2 25.00 100.00 180.00 425.00 Stock Certificate End Open 91/2x121/2 12.50 57.50 95.00 212.50 Map and Bond Size End Open 18 x 24 48.00 225.00 370.00 850.00 You may assort noteholders for best price (min. 50 pcs. one size). You may assort sheetholders for best price (min. 5 pcs. one size) (min. 10 pcs. total). SHIPPING IN THE U.S. (PARCEL POST) FREE OF CHARGE Mylar D® is a Registered Trademark of the Dupont Corporation. This also applies to un- coated archival quality Mylar® Type D by the Dupont Corp. or the equivalent material by ICI Industries Corp. Melinex Type 516. DENLY'S OF BOSTON P.O. Box 1010 617-482-8477 Boston, MA 02205 ORDERS ONLY: 800-HI-DENLY FAX 617-357-8163 Buying & Selling National Bank Notes, Uncut Sheets, Proofs, No. 1 Notes, Gold Certificates, Large-Size Type Error Notes, Star Notes. Commercial Coin Co. P.O. Box 607 Camp Hill, PA 17001 Phone 717-737-8981 Life Member ANA 639 ( . 1 THE CAMP HILL NATIONAL WA 0 CAMP HILL CO CO PENNSYLVANIA C*I FIFE NN/4N.1NNS F000126A 064 ' - - 104011, BUYING AND SELLING Obsolete-Confederate STOCKS & BONDS Continental-Colonial Large Price List 19th Century Stocks-Bonds Over 200 Different Small or Large Collections Mostly 19th Century Send List or Ship (305) 853-0105 Railroads, Mining, etc. SPMC Richard T. Hoober, Jr. P.O. Box 3116, Key Largo, FL 33037 Paper Money Whole No. 188 Page 63 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 MILLitt.,e W • 1", 11.107. 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 5233P WALNUT CREEK, CA 94596-5233 LIFE MEMBER A.N.A.#1995 C.N.A.143 C.P.M.S. #11 9th e 4,14 soot outs ABOUT VIGNETTES II by ROGER H. DURAND A wealth of information about vignettes, the engravers who cre- ated them and the artists who painted the original paintings that were the basis for the vignettes. These miniature works of art are recorded, illustrated and identified by their official titles that were assigned to them by the engraving companies with examples of their use on obsolete bank notes. This volume Ills completely origi- nal in its own right but a necessary companion to volume I. A re- fund if you are not satisfied for any reason. $22.95 pp Order from your favorite dealer or from the author: ROGER H. DURAND P.O. Box 186Rehoboth, MA 02769 VOLUME I IS STILL AVAILABLE @ $22.95 PP WORLD PAPER MONEY Specialized in Nand, liumia EsEuropc II, uy & Sell Free Price List Tom Sluszkiewicz P.O.Box 54521, Middlegate Postal BURNABY B.C. CANADA V5E 4J6 Buying & Selling foreign Banknotes Send for Free List William H. Pheatt 6443 Kenneth Ave. Orangevale, CA 95662 U.S.A. Phone 916-722-6246 Fax 9 I 6-722-8689 Page 64 Paper Money Whole No. 188 Bank History Books • Published Bank Histories, over 200 Different, from Almost all States, and Canada, 1882 to the Present. • State and Regional Banking Histories, over 40 Different, mid-1800's to 1920's • Bank Directories & RR Manuals, Occasionally • Research Materials, Collateral Items for your Paper Money or Check Collection • Inquire by Author, Bank Name, or State of Interest OREGON PAPER MONEY EXCHANGE 6802 SW 33rd Place Portland, OR 97219 (503) 245-3659 Fax (503) 244-2977 . ' 1 ! IV ' 1111 I d.i 'Alpo!'' .' T1! '! I.-. , ' '. 0. 10 1 . , 1) Vi I.._!,.1 1•1411I'Lq:,'1 1.1111(1•1■P..,;.;11itioL i tilill, gii ii • 1. WE ARE ALWAYS BUYING ■ FRACTIONAL CURRENCY ■ ENCASED POSTAGE ■ LARGE SIZE CURRENCY ■ COLONIAL CURRENCY WRITE, CALL OR SHIP: • 4.10. 4MOMMOIL II t101i CIDFRINIENZ inc. LEN and JEAN GLAZER (718) 268-3221 POST OFFICE BOX 111 FOREST HILLS, N.Y. 11375 Charter Member Ostf, 8111,3. Issueset rtationut govenunelltz New Edition • c•arer714$04•244 • ZIO-ft.. • 18,000 notes Haled • 5,00v* . •441•4! • Mr rk4t vakiotIons in up to Uwe,. 9, STANDARD GIII.OE TO SMALLSIZE IS, PIPER MONET 1928 TO DATE 1961.,,98 1-94,/ 41•4•141,40A OTY TITLE CODE PRICE TOTAL Standard Catalog of World Paper Money, General Issues Standard Catalog of World Paper Money, Modern Issues Standard Guide to Small U.S. Paper Money, 2nd Edition q Please send me a FREE Krause Publication all-product catalog SHIPPING: $3.25 1st book; $2 ea. add'I. SHIPPING Call for rates outside U.S., overnight or UPS delivery. SUB TOTAL TAX Sales Tax: WI residents, 5.5%; IL residents, 735% TOTAL PM08 WP03 HPO4 55.00 34.95 24.95 FREE PAYMENT ENCLOSED -1 MC 0 VISA J DISC 0 AMEX Name Address Lity State Zip Phone Lard No. Expires: Mo./Yr. Signature Complete and mail payment to: Krause Publications • Book Order Dept. P7NS 700 E. State St., Iola, WI 54990-0001 1N5 THAT ARE RIGHT ON THE MONEY Standar ;atalog of World Paper Money General Issues, 8th edition Volume II, by Albert Pick Solidify your authority on world paper money with this indispensable numismatic reference. Complete informa- tion for more than 18,000+ list- ings from 230 note-issuing authorities are compiled. This new edition contains the latest updates and most accurate listings in the field. The only English language reference for pre-1960 international bank notes. Recognized by hobby- ists as the leading world paper money reference. 8-1/2x11 Hardcover • 1,072p • 10,000 photos • PM08 $55.00 Now Available Standard Catalog of World Paper Money Volume Ill, Modern Issues, 3rd Edition, by Colin R. Bruce II & George S. Cuhaj Find the latest valuations for world paper money issues of the modern period 1961-1997 in this one handy reference. The newly updated 3rd edition features over 230 note issu- ing authorities, and nearly 9,000 listings, including current issues and expanded signature charts, dates and varieties. Significantly more photos make identification a breeze. Alphabetical by-country listings utilize the internationally accepted number system for easy attribution of notes. Named the Numismatic Literary Guild's Paper Money Book of the Year. 8-1/2x11 • Softcover • 736 pages • 5,000 b&w photos • WP03 $34.95 Available April 1997 Standard Guide to Small Size U.S. Paper Money 2nd Edition, by Dean Oakes This new updated edition provides you with the most complete listings ever published for small-size U.S. paper money from 1928-1988, including higher denomination notes and the new $100 bill. Updated serial number information and a complete overhaul of web notes coverage make it essential for serious collectors. The easy-to- use formate features large type and well-spaced columns. More than 250 nearly full-sized photos help promote positive note identification without added eyestrain. Accurate prices are included in three grades of condition. 6x9 Softcover • 336 pages • 250 b&w photos • HPO4 $24.95 Available June 1997 CI PLEASE SEND ME THESE KRAUSE COLLECTOR BOOKS Credit Card Calls Toll-free 800-258-0929 Dept. P7NS Monday-Friday, 7 am. - 8 p.m. Saturday, 8 a.m. - 2 p.m., CST Visit our web site: 1