Paper Money - Vol. XXXVI, No. 5 - Whole No. 191 - September - October 1997

Please sign up as a member or login to view and search this journal.

Table of Contents

• "I ------- ---- *5-4i:4w sc.:A.1N VOL. XXXVI No. 5 WHOLE No. 191 SEPT / OCI' 1997 ,/r/i4ri FIVE 1130 LLAR The Northeast's Most Important Paper Money Collectors Show SECOND ANNUAL STRASBURG PAPER MONEY COLLECTORS SHOW September 25-28, 1997 R.M. Smythe is sponsoring the Northeast's most important paper money show, scheduled for Thrusday, September z5th to Sunday September 28th, 1997, at The Historic Strasburg Inn, Route 896, Strasburg Pennsylvania. R.M. Smythe will conduct a major currency auction Saturday evening, September z7th, at 8:oo PM. Other highlights of the show include more than 3o dealers, a joint meeting of the SPMC and the Currency Club of Chester County, a numismatic presentation by John and Nancy Wilson, a special numismatic exhibition courtesy of John W. Jackson, three days of free appraisals, and more. Auction consignments are being accepted through July 18, 1997 Contact Douglas Ball, Steve Goldsmith, or Bruce Hagen to discuss your material. Contact Mary Herzog for table reservations and show information. 800-622-1880, 212-943-188o FAX 212-908-4047 26 Broadway, Suite 271, New York, NY 10004-1701 For hotel room reservations contact The Historic Strasburg Inn. 800-872-0201, 717-687-7691 FAX 717-687-6098 Limousine service is available from train and airport terminals Where historic paper collections of the world are researched, auctioned, bought and sold. Established 188o Dealers participating in the Strasburg Paper Money Collectors Show include: Dick Balbaton • Lucien Birkler • Chris Blom • Carl Bombara • Jerry Briggs • David Cieniewicz • Paul Cuccia • Pat Cyrgalis Tom Denly • Roger Durand • Tom Durkin • Larry Falater • Don Fisher • Russell Kaye • David Klein • Robert Kvederas Art Leister • Hardie Maloney • Larry Marsh • Leo May • Steve Michaels • Claud & Judith Murphy • J.C. Neuman Randy Ockerman • John Parker • Jim Sazama • Fred Schwan • Robert Schwartz • Richard Self • Hugh Shull R.M. Smythe & Co. • George Schwieghofer • Robert Vlack • Barry Wexler 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. cp 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 Quaner-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 he 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. 191 Page 137 Official Bimonthly Publication of The Society of Paper Money Collectors, Inc. Vol. WWI No. 5 Whole No. 191 SEPT/OCT 1997 ISSN 0031-1162 GENE HESSLER, Editor, P.O. Box 31144, Cincinnati, OH 45231 Manuscripts (mss), 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 31/2 or 5'/a inch MS DOS disk, identified with the name and version of software used: Microsoft Word, Word Perfect or text (ASCII), etc. If disk is submitted, double-spaced printout must accompany disk. IN THIS ISSUE WHEN THE NATION'S CASH WAS COUNTED Forrest W. Daniel 139 ABOUT TEXAS, MOSTLY Frank Clark 141 NATIONAL BANK NOTES SERIES 1929, SUPPLEMENT XX 143 THE FIRST NATIONAL BANK OF SMYRNA, TENNESSEE AND JOHN NORMAN BARNETT Charles A. Dean 151 A SENTIMENTAL BANK NOTE Tom Gardner 155 THE PETROLEUM INDUSTRY ILLUSTRATED ON WORLD PAPER MONEY Mohamad H. Hussein 156 VARIETIES OF SERIES 1993 $1 WEB NOTES Bob Kvederas, Sr. and Bob Kvederas, Ir. 160 NONE OUTSTANDING ALL REDEEMED, NOT SO! Bob Cochran 161 MONEY TALES Forrest W. Daniel 162 THE BUCK STARTS HERE Gene Ilessler 163 A CINEMATIC SHORT SNORTER Gene Hessler 164 BANK HAPPENINGS Bob Cochran 165 SOCIETY FEATURES THE PRESIDENT'S COLUMN 166 AWARDS AT MEMPHIS 166 MINUTES FROM THE MEMPHIS MEETING 167 IN MEMORIAM: GEORGE D. ITALIE 168 SPMC SLIDE PRESENTATION 168 MONEY MART 168 For change of address, inquiries concerning non-delivery of PAPER MONEY and for additional copies of this issue contact the Secretary; the address is on the next page. For earlier issues contact Classic Coins, P.O. Box 95, Allen, MI 49227. ON THE COVER. This is the 25th anniversary of the death of our 33rd president, Harry S. Truman (1884-1972). This official portrait was engraved at the BEP by Carl T. Arlt (1883-1956). SOCIETY OF PAPER MONEY COLLECTORS OFFICERS PRESIDENT ROBERTCOCHRAN, P.O. Box 1085, Florissant, MO 63031 VICE-PRESIDENT FRANK CLARK, P.O. Box 117060, Carrollton, TX 75011 SECRETARY TO BE APPOINTED. TREASURER MARK ANDERSON, 400 Court St., #1, Brooklyn, NY 11231 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 DEAN OAKES, Drawer 1456, Iowa City, IA 52240 BOARD OF GOVERNORS RAPHAEL ELLENBOGEN, 1840 Harwitch Rd., Upper Arlington, OH 43221 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, OH 44141-1933 JUDITH MURPHY, P.O. Box 24056, Winston Salem, NC 27114 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 $500. 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 138 Paper Money Whole No. 191 Paper Money Whole No. 191 Page 139 Cen Al $$$$Mp ash way T ation'8 ounted by FORREST W. DANIEL HEN Charles H. Treat resigned the office of Treasurer of the United States late in 1909 "a special squad of the most expert money handlers in the world" was set the task of counting all the coins, currency and bonds held by the treasurer's office. More than three dozen men and women worked for weeks—as long as it took—to complete the chore. Waldon Fawcett, writer for a newspaper syndicate, elaborated on the ritual for readers of many weekly newspapers (Griggs County Sentinel, Cooperstown, N.D., Jan. 13, 1910). According to Fawcett, a complete inventory of financial re- sources occurs only when a treasurer leaves office; and the new treasurer must sign a receipt for every item in the invoice. And the outgoing treasurer is personally liable for any shortage from the total amount called for by treasury books. 1 Both gentle- men demanded an accurate count of the cash, as well as accu- rate bookkeeping by the clerks who handled the day-by-day operations of the treasury under their direction. The count was undertaken wherever the nation's wealth was stored: the sub-treasuries at Boston, New York, Philadelphia, Baltimore, Cincinnati, Chicago, St. Louis, New Orleans and San Francisco, all national banks holding deposits of public money, as well as more than twenty vaults in Washington. Besides being responsible for the receipt and disbursement of all public funds, the treasurer was custodian for the bonds held to secure national bank capital and circulation. The entire in- ventory had to be counted. Experience showed that women were the most adept at counting paper money, some could count as many as 20,000 bills in five hours, while men did most of the heavy work of lifting bags of coins. Much of the counting of newly-minted coin was done by weight, a counted bag was used as a stand- ard for others bags; while worn and other coins were counted by hand. An expert woman counter could handle, one by one, about 60,000 silver dollars,. half dollars or quarters in a work- ing day. Electrically operated counting machines were being introduced in 1909; dimes, five and one cent pieces were handled on "counting boards." The newly-counted bags were officially sealed. The fastest counting was done on the reserve funds—the bundles of brand new bills ready to be issued whenever they were called for. Those previously-counted notes were stored in sealed bundles containing four thousand notes, bound in forty packages of one hundred each of denominations from $1 to $10,000, which had to be opened and the contents of every package verified. About five counters worked with two men—a bailer and a sealer. When each package seal was bro- ken and unwrapped by one of the men, he handed the con- tents to a woman counter and took her receipt for the money. When the packet was counted and found to hold the amount called for, she turned it back with an endorsement of correct- ness and the receipt she had given was destroyed or returned to her. After each package was found to be correct it was taken by the bailers and sealers, rewrapped, labeled and sealed with great daubs of red wax bearing a new official treasury seal, and it looked just as it had before the counting. The notes were counted by lifting the upper right-hand cor- ner of each note. The accuracy of the count was aided by the serial numbers, but that was only a supplementary-check for the actual counting. Four hundred counters were employed by treasury, and some of them had records of as many as 6,000 bills an hour; but that speed could not be maintained for any great length of time. According to Fawcett, a committee of seven officials was chosen to count the bonds, both coupon and registered. The current value of each bond had to be determined since the precise amount would vary according to its date of issue. That chore was expected to take at least two months because there were 50 percent more bonds in storage in 1909 than there had been the last time a count was taken (in 1905), and six weeks had been allowed that time. At the end of the count, Lee McClung gave a receipt for the nation's monetary supply to be held in his custody until he turned the office ofTreasurer of the United States over to Carmi A. Thompson on November 22, 1912. A little more than four months later (hardly time enough to recount the cash) the position of Treasurer was assumed by John Burke on April 1, 1913. The Brinsmade (ND) Star, a weekly newspaper, on April 3, said it would be "The greatest count of money and securities in the history of the world," when John Burke, former gover- nor of North Dakota, took the oath of office as Treasurer of the United States. Secretary of the Treasury William G. McAdoo appointed a committee to take charge of the vaults and the safe was sealed on April 1 in preparation for the counting; only enough money to keep the wheels of government turn- ing was laid aside for daily use during the count. According to The Star, it would require from two to five months to make the count of every note, bond and other secu- rity while "armed guards stand over the counters and work- men to protect them from interference." After another treasury count, following the departure of John Burke in January and before the accession of Frank White to the post of treasurer in May 1921, a condensed version of that audit/inventory/receipt was issued for public information. A copy was found in a box of miscellaneous ephemera in the North Dakota State Archives and Historical Research Library. A penciled note on the edge of the sheet says: "A $1.00 bill, one of the first sheet of $1.00 bills signed by Col. White as 4 (TreaurvofttlePniteb'StateS, Washington, D. C., May 2,1921. Received from G. F. ALLEN, Acting Treasurer of the United States, Government funds and securities amounting to--- Thirteen billion, seven hundred four million, five hundred twenty-seven thousand, two hundred sixty dollars, and sixty-two and two-thirds Cents, for which receipts in triplicate have been given, as follows : United States Notes Gold Certificates Silver Certificates Federal Reserve Notes Gold Coin Standard Silver Dollars Subsidiary Silver Coin Minor Coin United States Interest Coupons Currency in process of Redemp- tion, Redemption Division, Currency in process of Redemp- tion, National Bank Agency Total cash U. S. Currency in Reserve Incomplete Currency Certifi- cates Incomplete Gold Certificates., Bonds and other Securities held in trust $6,456,593.00 4,772,250.00 349,111.00\,z, 4,745,786.22-S 46,293,859. 00 1,405, 758. 19 206,586.08 723,409.21 88,936,947.06 lw t768,846,500.00 1,000,000.00 711,130,000.00 1,593,400.38 18,955,243.98 4,- 12,134,613,813.56* Grand total 13,704,527,260.621 Certified to me May i7, 1921, by--- P C. N. McGroarty, John Moon, F. E. Reppert, H. V. Semling. Committee appointed by the Secretary of the Treasury. FRANK WHITE, TREASURER OF THE UNITED STATES. Inventory and receipt jbr government funds signed by Frank White when he assumed the office of the Treasurer of the United States. (Courtesy of State Historical Society of North Dakota.) Page 140 Paper Money Whole No. 191 (Continued on page 154) mnroaTnizawrin..w,,uprogo5_s-nIsfillnyo, THE STATE 7989 A000001 NATIONAL BANK OF GARLAND TEXAS Ma PAY TO OAP POMPON ON DA.A.O FIVE DOI.,LARS A 00001 7989 IERK•7111E31111111WIMINti '' THE STATE 7989 A000002 NATIONAL BANK OF al GARLAND CO TEXAS ti r, • 0,70 OM DEMAND ix)LLAtts --"Vill1•01111111NEIS , illkornimPlamoirs1610Anulloor 74,7; 19.1 IrNalg_091tillitlittAll ERICA, 7989 A000004 - If A000004 7989 .21,111111113311141:1131LT VILFIELFORAI EAME11110> THE STATE 7 989 NATIONAL BANK OF OI GARLAND • TEXAS Os AO INA SCAPPF J... F. EWE DOLLARS A000005 7 9 89 A000005 ilLIIIIIMILaL013110V IVATIIM11,l1L VilOg121011 -0-AATTIFAtitt4., THE STATE "' 7989 A000006 NATIONAL BANK OF GARLAND TEXAS MILL PAY TO ANA Br APAR ON OLIAANO FIVE DOLLARS • 61,f, • " ---17:73,7777:71; ..... -777, A000006 7989 viLmraoi2,11.glitylftticroat 7989 A000003 TEXAS FIVE DOLLARS 6, A000003 7989(3 THE STATE NATIONAL HANK Of GARLANDID ON 9 8 9 OI co 01 Fr THE STATE NATIONAL BANK OF GARLAND TEXAS You PAY NO POE !KAREN ON OLIAANO FIVE KILL% S oo ON r. Paper Money Whole No. 191 Page 1 41 ABOUT TEMOSTLY A.R. DAVIS: GARLAND, TEXAS BANKER by FRANK CLARK LLEN Ripley Davis was born on November 1, 1876, at Woodland Mills, Obion County, Tennessee. He was the tenth of eleven children. His father, known as "Cap," was a farmer who also operated a grain business and flour mill. Cap Davis was also active in local and state politics. After he finished his local schooling, A.R. Davis attended business college in Bowling Green, Kentucky. He concentrated his studies in bookkeeping and English composition, and be- came an eloquent speaker and writer. In 1901 he was working with a threshing crew in the Indian Territory. When he read an advertisement seeking a person to work in a general store in Garland, Texas, he called the store long distance and was told that there were already 200 appli- cants ahead of him. Davis told the store owner he was coming anyway, and he wound up getting the job! He was paid $30 a month for working 15 hours a day. He was later employed at Sam Hall's Drug Store, and eventually bought a half interest in that business. A.R. Davis married Bertha McCree of Malden, Missouri in 1904. The marriage produced two sons: R. McCree Davis, born in 1905, and Allen Ripley Davis, Jr., born in 1911. In 1905 The National Bank of Garland was organized, and it was located in the front part of Sam Hall's Drug Store. The first officers of the bank were John T. Jones, president, D.O. Murphree, cashier, and A.R. Davis, assistant cashier. In addi- tion to this position, Davis was also the teller, bookkeeper, and janitor of the bank. Somehow, he also found spare time to work in the drug store. The bank moved to a new location six months after it opened, at the Northwest corner of the town square. In 1913 the bank changed its name to The State National Bank of Garland, and moved to another location on the Southwest corner of the square. In 1956 the title of the bank was again changed, this time to The First National Bank of Garland. The location was also changed, to the corner of Glenbrook and Avenue A. This is the bank's present location. A000002 7989 btu ■- 4F.7"74.775"7" ‘•■■1 The first sheet (A000001-A000006) of 1929 Series Type Al 55 notes from The State National Bank of Garland, Texas. Each note bears the engraved signature of A.R. Davis as president. Gashio, Page 142 Paper Money Whole No. 191 1114.111M01..N. CIKINCEILICMCW THE SIVE NATIONAL BANK OF tr GARLAND TEXAS TEN DOLIAI{S 00005830 PINDOUARS /707%_, EMIT 00000?7A NATIONAL BANK OF GARLAND 00000770 f SNIENS■111■11■■•■•■•■,1,0 THU NATIONAL RANK OF GARLAND eeezr.frize, GARLAND, Vklr . 4f.eVa4jy1467' y.44,7/eeeil li, ii40a4114Vi,anie, am/Z*41446W dedia garland. gexas• a /71; President. A stock certificate remainder. A.R. Davis became president of The State National Bank of Garland in 1915. He served in that office for the next forty years; when he became chairman of the board in 1955, his son R.M. Davis succeeded him as president. A.R. Davis retired from the bank ten years later, at the age of eighty-nine. During his tenure the bank's capital increased from $50,000 to $27 million! A.R. Davis was very active in local business and civic affairs. He was a director of The Citizens National Bank of Denison, Texas; one of the original directors of Gulf Insurance Com- pany in Dallas; and he helped establish Garland's city-owned utilities company. In 1937 he was appointed to the Board of Hospital Manag- ers for Dallas County; he served on the committee for twenty years, ten as chairman. Parkland Memorial Hospital was built during his service on the Board. Socially, A.R. Davis was a Thirty-Second Degree Mason. Those people close to A.R. Davis said that he had a warm personality and an excellent sense of humor. His moral stand- ards were above reproach. He always attempted to shape his actions toward the betterment of his community. In business affairs, Davis was progressive, but sound and conservative in approaching new projects. He had an interest- ing lending policy at the bank. He felt that any customer, rich or poor, was entitled to the services of the bank. This included loans, if Davis felt that the prospective borrower could and would repay them. Davis believed that most people fully in- tended to honor their financial obligations, but sometimes found themselves unable to do so. Davis felt that it was the banker's responsibility to see that the loans were repaid. (Continued on page 154) A FTER a lapse of seven years, the 1929-1935 OVER- PRINTED NATIONAL CURRENCY PROJECT has been revived. This project is a sharing experience—an ex- change of knowledge of known notes. We solicit your coop- eration. Collectors report the charter number, town, state, denomi- nation, and serial number of their notes to the project coordi- nator, Frank Bennett, P.O. Box 8722, Port St. Lucie, FL 34885. If sharp, clear photocopies are available, send them along to be published. Periodic reports will appear in PAPER MONEY magazine. Many banks issued several denominations. The first note reported for a charter is called the CHARTER DISCOV- ERY note. Subsequent reporting of other denominations are designated as DENOMINATION DISCOVERY notes. Many SPMC members are not aware of this project since it has been dormant for seven years, so a brief history is appro- priate. In 1965 the SPMC Board sponsored a Study Group to research small-size nationals. This effort evolved into the project of reporting the notes that surface first for each charter. It was a mammoth undertaking when you consider that there were 6997 charters that issued small-size nationals. Efforts of the Study Group and the reports by members were sufficient to form the basis of a book. In 1970 the SPMC published 1000 copies of The National Bank Note Issues of 1929-1935. It was authored by Louis W. Van Belkum and Peter Fluntoon, and edited by M. Owen Warns. It became known in the hobby as the "Blue Book." When the blue book was coupled with the 1968 "Brown Book" of Van Belkum's bank statistics, small-size national col- lectors thought they had the world by the tail. Unfortunately, the original survey did not distinguish be- tween Type 1 and Type 2 notes. Only denominations were recorded. Through the years the list of reported notes in the blue book has been updated with 19 Supplements, I through XIX. This Supplement XX occurs as we enter a new era of expanded knowledge. Newcomers to paper money collecting will find small-size nationals a fascinating part of their hobby. co CLOVERDALECALIFORNIA wt,PAYTOTI.BEAPIR ON 11.n. IFIVR DOLLARS $5 CLOVERDALE, CA Ch. 11282 Mr.,EMEICEMETZIE LVENg10--- THE FIRST4°• 8000422A NATIONAL RANK OF 8000422A I 2 8 2 (Photo courtesy of William Litt) $100 WALLINGFORD, CT Ch. 2599 ESENgErCEICII '1.11kUi HgtiggaBintlip IPAIIIK\ TIE FIRST NOTIONAL BANK OF a WALLINGFORD fla COMNECIICUT WILL PAY 10 TN& Itit■FLN ON ONEUNDREpIKILLARS 8000084A B000084A $5 #1 WATERBURY, CT Ch. 2494 —1.7"11"."111' 4s'iC VIC KAKO IX.WigiN‘ THE CITIZENS F000001A ANC MANUFACTURERS NATIONAL RANK OF WA 1TRBURY CONNECTICUT PAY 0.1.O ME DOLLARS wairioniraacomituraiciir . / Paper Money Whole No. 191 Page 143 NATIONAL BANK NOTES SERIES 1929 WERE ISSUED FOR ONLY SIX YEARS, FROM JULY 15, 1929 TO JULY 10, 1 935 TYPE 1 FROM JULY 1 5, 1929 TO MAY OF 1 933 / TYPE 2 FROM MAY 1 933 TO JULY 10, 1 935 SUPPLEMENT XX COVERING THE PERIOD 1/2/1990 TO 5/1/1997 The First National Bank of Cloverdale, CA was chartered De- cember 1918. The amount outstanding in 1935 was $30,000. Cloverdale is located in Sonoma County and had a popula- tion of 1292 in 1959. This is the denomination discovery $5 for this charter. (Photo courtesy of Gary W. Potter) The First National Bank of Wallingford was chartered in 1881. It issued only 504 notes $100 in Series 1929 Type 1. A total of $173,250 was outstanding in 1935. Wallingford is located in New Haven County and had a population of 11,994 in 1959. This is the denomination discovery $100 for this charter. (Photo courtesy of Don Gilletti, Jr.) The Citizens and Manufacturers National Bank of Waterbury, CT is the second title for this charter, under date of Nov. 11, 1922. The first title was The Manufacturers National Bank of Waterbury, CT and chartered Oct. 25, 1880. The total outstand- ing in 1935 was $88,070. Located in New Haven County, Waterbury had a population of 104,000 in 1959. This is the denomination discovery for Ch. 2494 and is the bottom note from the first sheet of $5 issued. $100 WATERBURY, CT Ch. 780 The Waterbury National Bank, Waterbury, CT was chartered February 2, 1865. The amount outstanding in 1935 was $331,950. Waterbury is located in New Haven County and tali Pi F.a";'1 INS WITERBURY "WOW IANX WATERBURY CONNECTICUT MllnkintEDIRMARS D000022A 9000022A " er:aervr (Photo courtesy of Don Gilletti, Jr.) $5 BURLEY, ID Ch. 12256 -11/2111 THE CASSIA NATIONAL BM OF BURLEY IDAHO EEEL A0041 12156 INIIIMMUSIZIRTASX $5 CHASKA, MN Ch. 8378 THE FIRST NATIONAL DANK 01 CHASKA MINNESOTA WI, PAY TO THE arA1P01 0,1 OEN.. FIVE DOLLARS F000197A F000197A -ATATINTAttlifftfRialkiE Paper Money Whole No. 191Page 144 had a population of 104,000 in 1959. This is the denomina- tion discovery $100 for this charter. WE miimmeurdift- (Photo courtesy of 1. Nelson Clark) The Cassia National Bank of Burley, ID was chartered in Sep- tember 1922. The bank issued only Series 1929 in $5, $10, $20 Type 2. Total bank issue amounted to $73,500, with $50,000 outstanding in 1935. Located in Cassia County. Popu- lation in 1959 was 5,294. This is the denomination discovery $5 for this charter. $20 WHITINSVILLE, MA Ch. 769 The Crocker National Bank of Turners Falls, MA was chartered Oct. 19, 1872. The bank was liquidated March 22, 1935. Amount outstanding at closing was $93,400. Located in Franklin County. Population in 1959 was 5,179. This is the denomination discovery $5 for this charter. (Photo courtesy of Gary Bleichner) The First National Bank of Chaska, MN was chartered in Sep- tember 1906. Bank total outstanding in 1935 was $25,000. In Series 1929 it issued $5, $10, $20 notes in both Type 1 and Type 2. There were 4,032 notes issued in $5 Type 1. Located in Carver County, Chaska had a population of 2008 in 1959. This is the denomination discovery $5 for this charter. Collec- tors with a keen eye will notice something special about this note and the one which follows. $100 MADISON, MN Ch. 13561 THE KIES NATIONAL BANK OF MADISON MINNESOTA n, MY TO THE ae.racQ ON DEMAND ONEITENIIIIED MARS 0000006A C 000006A ,744-',..= THE WHITINSVILLE F000268A HAMAR. BANN WHITINSVILLE to MASSACHUSETTS TWIFINTYBOILUIS F000268A TWENTYBOLTARS ' (Photo courtesy of Frank Bennett) The Whitinsville National Bank, Whitinsville, MA was char- tered January 31, 1865. It issued 484 sheets to make 2904 notes of $20 Type 1. The amount outstanding in 1935 was $97,250. Located in Worcester Co. Population in 1959 was 5,662. This is the denomination discovery $20 for this charter. $5 TURNERS FALLS, MA Ch. 2058 NIVIttlitIVEAMENSTX 11.21/atifgOliaggina (.1121-17:-T, THE CHOCXEH 9003516A NATIONAL RANK OF co TURNERS FALLS • ninssAcHosen'S 0 WI PAT IC 7,,BEAR., DH .[att • FIVE DOLLARS 003516A (Photo courtesy of Frank Bennett) (Photo courtesy of Gary Bleichner) The Klein National Bank of Madison, MN was chartered in July 1931. It issued only Series 1929 notes. There were $5, $10, $20, $50, and $100 in Type 1, and $5, $10, and $20 in Type 2. It issued only 16 sheets for a total of 96 notes in $100 Type 1. This note has the printed signature of C.H. Klein as President. The total outstanding in 1935 was $50,000. Located in Lac Qui Parle County, Madison's population in 1959 was 2,303. This is the denomination discovery $100 for this charter. $5 ROCHESTER, NH Ch. 13861 411W : Vagalg#20r-WftliVigUOSA'4111' THE NEW PUBLIC 4 13861 1 NATIONAL BANK OF ROCHESTER NEW HAMPSHIRE PAVID TME. MAP fFt LIZIWID FTVE DOLLARS AO 95 13861 (Photo courtesy of Frank Bennett) The New Public National Bank of Rochester, NH was char- tered in December 1933. It issued only Type 2 Series 1929 notes in $5, $10, and $20. Total value issued by the bank was $20 MARATHON, NY Ch. 3193 manEmmizz3:5:1_ tligiempftsaivisogimEttRAN THE FIRST A000044A NATIONAL HANN OF INNARATT ION ! THEW YORK a HR A000044A ; 111MTIKpOpIARS Y4111,11'101.1 110,[9. DENOM TWENTY IMILLAIIS (V 0 $20 PHILMONT, NY Ch. 7233 THE FIRST NATIONAL HANK OF 1'1131 .1 '10'\ I HEW YORE ;9s7;;1'Y;7#10;:ai;a C3 N TNILILHIMILIOMMAIE. 11000198A $20 TULLY, NY Ch. 5746 1•IFIV717111111,111MIL. .r..1.1171¢. 1,11 . r THE FIRST NATIONAL BANK OF TULLY HEW YORK 4$1ii1Z.1.71;;OILLtitS 0000198A WINENTYlIMLLABS,,, $10 FREEPORT, OH Ch. 11216 K: ' ■ THE PNANNE DEPOT • ".. 4 A000290 NATINNAt BANK OL- Alva AQ00290A is TEE FARMERS NATIONAL BANK OF o HAVILAND OHIO ." 4". 0 TEN DOLLARS A000204A A000204A $10 RICHWOOD, OH Ch. 9199 THE FIRST NATIONAL HANK OF RICHWOOD 0000014A OHIO Wit, PO, , 0 1,1L TEN DOLLARS C000014A „.,1.1.14,1P9 Paper Money Whole No. 191 Page 145 $64,750. The total outstanding in 1935 was $39,250. Located in Stafford County, Rochester had a population of 13,776 in 1959. This is the denomination discovery $5 for this charter. (Photo courtesy of Al Kaminsky, Jr) The First National Bank of Marathon, NY was chartered in 1884. The total outstanding in 1935 was $29,000. There were only 148 sheets of $20 issued by the bank in 'Type 1. It issued $10 and $20 in both Type 1 and Type 2. Located in Cortland County, Marathon had a population of 1,057 in 1959. This is the charter discovery note for Ch. 3193, being the first note to surface. (Photo courtesy of Don Vosburgh) The First National Bank of Philmont, NY was organized Au- gust 6, 1903. It was liquidated March 24, 1934. A total of $20,000 was outstanding at close. Only 828 notes were issued of $20 Type 1. Located in Columbia County, Philmont had a population of 1,792 in 1959. This is the charter discovery note for Ch. 7233, being the first note to surface. (Photo courtesy of Al Kaminsky, Jr.) The First National Bank of Tully, NY was chartered March 19, 1901. Total outstanding in 1935 was $15,000. There were 276 sheets issued of $20 Type 1. The Bank issued $5, $10, and $20 in both Type 1 and Type 2. Located in Onondaga County, Tully had a population of 744 in 1959. This is the charter discovery note for Ch. 5746, being the first note to surface. (Photo courtesy of Don. C. Kelly) The Prairie Depot National Bank of Freeport, OH was organ- ized July 17, 1918. It was liquidated January 29, 1931. Just $16,980 was outstanding at close. The bank issued 1,854 notes $10 and 504 notes $20. Located in Wood County, Freeport was renamed Wayne in 1926, and had a population of 566 in 1959. This is the charter discovery note for Ch. 11216. $10 HAVILAND, OH Ch. 10436 (Photo courtesy of Don. C. Kelly) The Farmers National Bank of flaviland, 01-1 was organized August 1, 1913. It was liquidated August 18, 1931. Total out- standing at close was $14,220. The bank issued 1,644 notes $10 and 300 notes $20. Located in Paulding County. This is the charter discovery note for Ch. 10436, being the first note to surface. (Photo courtesy of Harry E. Jones) The First National Bank of Richwood, OH was organized June 24, 1908. It went into receivership April 17, 1931. The total outstanding at close was $40,000. Charter 9199 was the only bank in Union County to issue national bank notes. Richwood had a population of 1,866 in 1959. This is the denomination discovery $10 for Ch. 9199. $10 SMITHFIELD, OH Ch. 13171 A member of the Original 1965 Study Group had the follow- ing discovery note recorded in his name in December 1991. John T. Hickman, the man who lived, breathed, promoted, Paper Money Whole No. 191Page 146 expounded upon, and loved Nationals, HELD THIS PIECE OF HISTORY IN HIS HAND. THE FIRST NATIONAL BANK OF LEM1SVILLI TEXAS T. , ....VT. DOLLARSFTVE DOLL E000935A 1110111111M 3011111111111Ariallaktfiii (Photo courtesy of Frank Clark) tion of 1,516. This is the denomination discovery $5 for Ch. 7144. ROOT 90005464 NATIONAL BAH AT ;EIN 1701.1.117N7 .90005'46A / 13 c Sr E0009354 (Photo courtesy of John T. Hickman) The First National Bank at Smithfield was organized January 17, 1928. The bank went into receivership September 10, 1931. Total outstanding at close was $50,000. This note is the de- nomination discovery $10 for this charter. The census now shows five small-size nationals reported on Ch. 13171. Lo- cated in Jefferson County, Smithfield had a population of 1,255 in 1959. The population figures are from the World Book Ency- clopedia of 1959. $20 JOHNSONBURG, PA Ch. 4544 4000038 Mal.7111113111011MX. ICIEMILIC11011.1711( Wat THE LOHNSONSCBC NATIONAL BANK JOHNSONBURG PENNSYLVANIA TWENTVOOLCARS 4000038 yr , (Photo courtesy of Harry E. Jones) The Johnsonburg National Bank, Johnsonburg, PA was char- tered in 1891. The total outstanding in 1935 was $32,095. The bank issued only 204 notes in $20 Type 2. Located in Elk County, Johnsonburg had a population of 4,567 in 1959. This is the denomination discovery $20 for this charter. $10 PITCAIRN,PA Ch. 11892 PEOPLES NATIONAf BAN{ OF PItC,AIRN. - - - "i°0111,prve,ro 'Kg imemItxpemmo TEN1V0/1 96W:' 1.2111.1CIGNV • t • TEN DOLLARS (Photo courtesy of Al Kaminsky, Jr) The Peoples National Bank of Pitcairn, PA was organized De- cember 1, 1920. The Bank went into receivership March 2, 1932. A total of $23,800 was outstanding at closing. Located in Allegheny County, Pitcairn had a population of 5,857. This is the charter discovery note for Ch. 11892. $5 LEWISVILLE, TX Ch. 7144 The First National Bank of Lewisville, TX was chartered in Feb- ruary 1904. The total amount outstanding in 1935 was $24,500. Located in Demon County, Lewisville had a popula- $10 AVERY, TX Ch. 10638 THE FIRST NATIONAL BANK OF AVERY TEXAS wall.N■707Hc °CAPER 0„ TEN DOLLARS 00000144 (Photo courtesy of Frank Clark) The First National Bank of Avery, TX was chartered October 1, 1914. The bank was liquidated January 12, 1932. Total out- standing at closing was $19,160. The bank issued 2,418 notes $10 Type 1 and 606 notes $20 Type 1. Located in Red River County, Avery had a population of 185 in 1959. This is the denomination discovery $10 for Ch. 10638. $20 ANNA, TX Ch. 12867 THE FIRST NATIONAL BANK OF ANNA TEXAS ev, to ixe FIGPE110111,..N. TWILVIT DOLLARS E 00090A 4knzgE56 ,r TWENTY DOLLARS rfT1TT.- E000090A (Photo courtesy of Frank Clark) The First National Bank of Anna, TX was chartered in January of 1920. The total outstanding in 1935 was $35,000. The bank issued just 612 notes $20 Type 1. Located in Collin County, Anna had a population of 460 in 1959. This is the denomina- tion discovery $20 for Ch. 12867. $5 WOLFE CITY, TX Ch. 13199 AMIXONEILIGILIMULIUM " ,CLSCGr'10111n/InUSIIIMOMIHISSMIVITIMIIII PIN THE WOLFE CITY 15199 NATIONAL BANK IN WOLFE CITY TEXAS FIVE I "AAR ' A000002 13199 \ 11- OTJL/fGfi--E,_ MUM allIDIIMILUIMIN A000002 (Photo courtesy of Frank Clark) The Wolfe City National Bank in Wolfe City, TX was chartered April 4, 1928. A total of $25,500 was outstanding in 1935. a -r_--EAF------Iffmatigtiolgmft--- 221_, REPUBLIC 12186 4000896 NATIONAL ANNE AND TRUST COMPANT'OF CO DALLAS TEXAS !! 0NEW;;;;;;;;La74' 4000896 12186 C1112•11kr. INLWYBITIMINCIFMND Ium 2 8 114 7/074 NATIONAL F000125A BANK OF CO THURMOND • WEST VIRGINIA F0001254 <'/ ,g4Atcf, - -1' ,TWENTY 101[JAAJIS Paper Money Whole No. 191 Page 147 There were 2,340 notes issued in $5 Type 2. The bank issued $5, $10, and $20 in Type 1 and Type 2. Located in Hunt County, Wolfe City had a population of 1,345 in 1959. This note is the denomination discovery $5 for Ch. 13199. $100 Type 2, DALLAS, TX Ch. 12186 (Photo courtesy of Frank Clark) The Republic National Bank and Trust Company of Dallas, TX is the second title, under date of July 18, 1928. The bank was chartered in April of 1922 with the title of The Republic Na- tional Bank of Dallas, TX. Under its second title, the bank is- sued 1,995 notes $100 Type 2. Of the 6,997 charters that issued small-size nationals, only 303 charters issued $100 notes. $20 THURMOND, WV Ch. 8998 (Photo courtesy of Joe Sande) The National Bank of Thurmond, WV was chartered Decem- ber 30, 1907. It went into receivership February 18, 1931. To- tal amount outstanding at closing was $48,500. The bank issued only 248 sheets of $20 notes. Located in Fayette County, Thurmond had a population of 219 in 1959. This note is the denomination discovery $20 for Ch. 8998. CONTRIBUTORS TO SUPPLEMENT XX RICHARD BALBATON JOHN T. HICKMAN RONALD BENICE THE HIGGINS MUSEUM FRANK BENNETT ALAN HOFFMAN GARY BLEICI-INER MALCOLM HOLBROOK FRANK CLARK JAMES J. HOSKOVEC I. NELSON CLARK HARRY E. JONES CHARLES COLVER GLEN JORDE CHARLES A. DEAN AL KAMINSKY, JR. GEORGE DECKER DON. C. KELLY TOM DENLY DON KETTERLING DENNIS FORGUE LYN F. KNIGHT MARTIN GENGERKE KURT KRUEGER DUSTINN GIBSON ROBERT LIDDELL DON GILLETTI JR. JESS LIPKA RONALD L. HAMM WILLIAM LITT BOB HEARN DON LYNCH DON MARK DANNY PARVIS JOE McCANDLESS ALEX PERAKIS KEN McDANNEL GARY POTTER ALLEN MINCHO JOE SANDE DEAN OAKES ERIC VICKER JOSEPH O'BRIEN DON VOSBURGH LAWRENCE O'NEAL DON WALKER CHARLES PARRISH REPORTING UPDATE SUPPLEMENT XX Breakdown for the Period 1/2/90 to 5/1/97 204 CHARTERS REMAIN UNREPORTED AI,-8 KS-3 NE-4 SD-5 AR-3 KY-5 NJ-7 TN-2 CA-7 LA-2 NY-18 TX-41 C0-0* ME-3 NC-1 VT-2 DC-1 MD-6 ND-7 VA-3 FL-1 MA-2 OH-2 WA-5 GA-2 MI-2 OK-11 WV-8 IL-6 MN-5 OR-3 WI-1 IN-8 MO-1 PA-5 * All small-size 1A-7 MT-2 SC-5 charters now reported 56 CHARTER DISCOVERIES CA-2 MA-3 OR-5 CO-1 MI-1 PA-15 1N-2 NJ-2 TN-1 1A-2 NY-10 TX-3 MD-1 ND-5 W1-1 OH-2 183 DENOMINATION DISCOVERIES AR-1 ME-1 OR-2 CA— 8 MD-1 PA-63 CO-4 MA-13 SC-1 CT-4 MI—I SD-2 ID-2 MN-5 TN-1 IL-10 MO-2 TX-1 1 1N-1 NI-1-1 VA-4 IA-2 NJ-2 WV-2 KS-5 NY-14 W1-2 KY-2 OH-16 SUPPLEMENT XX SUMMARY 56 Charter discovery notes reported 183 Denomination discovery notes reported 6,997 Charters issued small-size nationals 6,793 Charters recorded by this project to date 204 Charters remain unreported Page 148 Paper Money Whole No. 191 1929-1935 OVERPRINTED State/Charter/Town/Denomination NATIONAL CURRENCY PROJECT 2058 Turners Falls $5 2312 Webster $5 Notes Reported 1/2/90-5/1/97 4580 Lynn $10 Charter Discoveries in Bold 4660 Whitman $20 4730 Holyoke $50 State/Charter/Town/Denomination 4730 Holyoke $100 AR 8495 Eureka Springs $20 7957 Edgartown $10 CA 2412 Stockton $10 9086 North Attleboro $5 5830 Covina $20 MI 13758 Grand Rapids $100 9770 Holtville $5 13929 Ontonagon $20 10233 Venice $20 MN 8051 Cold Spring $20 10301 Ducor $10 8378 Chaska $5 11282 Cloverdale $5 8813 Appleton $20 11701 Downey $20 11848 Roseau $10 11875 Sacramento $50 13561 Madison $100 12328 Bellflower $5 MO 3005 Carthage $20 14202 Torrance $5 7806 Clinton $20 CO 3749 Lamar $20 NH 13861 Rochester $5 6238 Colorado Springs $20 NJ 6278 Wildwood $5 6454 Steamboat Springs $10 8681 Tuckahoe $10 8909 Lafayette $10 11361 Dumont $5 CT 780 Waterbury $100 14088 Palisades Park $5 2494 Waterbury $5 NY 266 Plattsburgh $10 2599 Wallingford $100 1090 Oneida $10 12400 Stamford $5 2225 Brewster $20 ID 10771 Saint Maries $20 3193 Marathon $20 12256 Burley $5 5746 Tully $20 IL 4019 Murphysboro $100 5846 Suffern $50 5009 Fairfield $5 7233 Philmont $20 5291 Stonington $10 7255 Granville $5 6421 Tremont $20 7255 Granville $10 8043 Casey $20 7840 Ovid $20 8630 Ridge Farm $20 8388 Whitehall $20 10911 Ava $20 8398 Peekskill $5 13448 Georgetown $20 8717 Clifton Springs $10 13525 Smithton $5 9019 Fredonia $5 13611 Mendota $5 9171 Croton on Hudson $10 IN 4685 Anderson $5 10295 Clinton $20 6765 Lowell $50 10625 Gasport $20 8785 Nappanee $20 12398 New York $5 IA 1786 Sigourney $5 12503 Merrick $20 4795 Laurens $10 13121 Mahopac $20 5585 Williams $10 13246 Bolivar $20 8970 Hubbard $5 13360 New York $20 KS 5359 Nortonville $10 13911 Gouveneur $5 5559 Mount Hope $10 ND 6475 Omemee $10 7192 Meade $10 7872 Egeland $10 8162 Troy $20 8881 McClusky $10 8467 Conway Springs $10 10721 McVille $10 KY 2148 Winchester $20 11184 Makoti $5 6894 Hodgenville $20 OH 4219 St. Marys $20 MD 3205 Centreville $10 4671 Chardon $20 5331 Midland $10 4842 Medina $20 ME 890 Thomaston $20 5640 Fredericktown $10 MA 383 Northampton $5 6249 Burton $10 383 Northampton $20 6345 Wellsville $10 684 Milton $5 6675 La Rue $20 684 Milton $20 7399 Senecaville $10 769 Whitinsville $20 9199 Richwood $10 1018 Northampton $20 9450 Okeana $10 1170 Stockbridge $10 9563 Pitsburg $20 1386 Abington $5 10436 Haviland $10 Paper Money Whole No. 191 Page 149 State/Charter/Town/Denomination 11216 Freeport 12196 Delphos 13171 Smithfield 13832 Portsmouth 13883 Carrollton 14183 Mingo Junction $10 $20 $10 $5 $20 $5 State/Charter/Town/Denomination 9362 Dover 9513 Westfield 9534 Albion 9552 Mildred 9554 New Wilmington 9554 New Wilmington $20 $20 $20 $5 $10 $20 OR 3774 Heppner $10 9568 Centralia $10 8941 Springfield $5 9702 Lawrenceville $20 10056 Merrill $5 9769 Rockwood $10 10092 Scappoose $10 10188 Herminie $10 10164 Lebanon $20 10214 Weissport $10 14001 Clatskanie $10 10666 Schellburg $20 PA 39 Towanda $20 11244 Mapleton $5 522 Philadelphia $5 11407 Davidsville $20 648 Brownsville $20 11892 Pitcairn $10 776 Pittsburgh $5 11966 Osceola Mills $5 926 Pittsburgh $10 11981 Numidia $20 2562 Greensburg $10 12192 Center Hall $5 3498 Philadelphia $10 12192 Center Hall $10 4183 Scranton $10 13205 Beech Creek $10 4207 Yardley $20 13533 Gallitzin $10 4222 Pittsburgh $5 13765 McConnellsburg $10 4222 Pittsburgh $10 13794 Derry $20 4453 Tarentum $5 13994 Hegins $20 4544 Johnsonburg $20 14049 Dover $10 5010 West Union $5 14049 Dover $20 5066 Phillipsburg $5 14071 Jefferson $5 5265 Wilkinsburg $10 14121 Mount Wolf $10 5307 Confluence $10 14169 Sykesville $20 5389 Millville $20 14181 Gallitzin $5 5495 Roscoe $5 14205 Forest City $10 5497 Brockway $10 14272 Oil City $5 5729 Natrona $20 SC 10670 Sumter $5 5878 Monaca $10 SD 10744 Mobridge $5 5879 Monaca $10 13286 Arlington $20 5908 Houston $20 TN 10449 Ripley $10 5920 Fredericktown $10 10976 Elizabethton $20 5956 Monesson $10 TX 3764 Plano $10 5974 Scottdale $10 5897 Graham $10 6411 Mount Union $5 6422 Mabank $10 6483 Slippery Rock $10 6968 Frost $10 6500 Youngwood $20 7144 Lewisville $5 6507 Hays $20 7775 Midlothian $20 6560 Sharon $10 8538 Thornton $10 6581 Pleasant Unity $20 8597 Tahoka $10 6603 Boswell $10 10638 Avery $10 6664 Wampum $20 12371 Fort Worth $5 6741 Garrett $20 12741 Bailey $10 6832 Ligonier $20 12867 Anna $20 6887 Coa1port $10 VA 1582 Fredericksburg $5 7887 Plumville $10 2269 Staunton $20 7897 New Berlin $5 11765 Big Stone Gap $10 8092 Tioga $10 11976 Bassett $20 8165 Youngsville $10 WV 8998 Thurmond $20 8238 Juniata $20 13881 West Union $10 8498 Wellsville $5 WI 6575 Seymour $10 8854 Evans City $10 13932 Edgerton $10 8924 Hughesville $10 14095 Durand $10 9128 Castle Shannon $5 Page 150 Paper Money Whole No. 191 UNREPORTED CHARTERS AL 7687 Evergreen MA 2288 Spencer OR 5822 Ontario 7991 Brantley 14266 Haverhill 9281 Hermiston 7992 Luverne MI 12661 St. Clair Shores 13294 Portland 8028 Samson 12793 Almont PA 6281 Ligonier 9055 Prattville MN 3155 Sauk Centre 6709 Addison 10102 Ashford 6366 Canby 13868 Blairsville 10307 Geneva 6519 Mankato 13871 Albion 11259 Coffee Springs 6933 Grand Meadow 14112 Wampum AR 9633 Clarksville 10936 Pipestone SC 6385 Bennettsville 12238 Lamar MO 6885 Campbell 9296 Lexington 12296 Holly Grove MT 10715 Hobson 10129 Sumter CA 10184 I-lealdsburg 10939 Grass Range 10263 Bishopville 10309 Woodlake NE 5337 Humphrey 10586 Springfield 11123 Marysville 7622 Greeley SD 2068 Yankton 11433 Tranquility 8797 Creighton 6561 Belle Fourche 11867 Rialto 9665 Naper 8698 Milbank 12271 Hermosa Beach NJ 5403 Ocean Grove 11457 Davis 12624 Florence 5730 Spring Lake 11590 Mobridge DC 10316 Washington 9061 White House Station TN 10181 Linden FL 7757 Jasper 9661 Kearny 12319 Kingston GA 8314 Arlington NJ 12903 North Merchantville TX 2729 McKinney 12404 Barnesville 14153 Carteret 3261 Lampassas IL 1428 Alton 14305 West New York 3973 Clarksville 1870 Marengo NY 295 Palmyra 4368 Midland 5285 Georgetown 2463 Dundee 4438 Rockport 13673 Casey 3171 Mechanicville 5109 Leonard 13709 Evanston 5936 Northport 5474 Plainview 13993 Altamont 6087 Le Roy 5759 Gordon IN 3338 Franklin 7763 East Hampton 6361 Granger 5476 Boswell 8334 Tottenville 6376 Ferris 7354 Hartsville 8343 Argyle 6461 Groesbeck 7491 Trafalgar 8872 Rockville Centre 6551 Royse City 8351 Ridgeville 10374 Redwood 6780 Henderson 8912 Albion 10930 Conewango Valley 6896 Alba 10616 Kewanna 11518 Freeport 7378 Merit 12780 Mount Vernon 11956 Painted Post 7524 Bells IA 2961 Montezuma 12018 Lisbon 8204 Rockwall 6852 Macksburg 12294 Woodmere 8522 New Boston 7357 Monroe 13098 Bolton Landing 8690 Sanger 8057 Malvern 13365 La Fargeville 8770 Jefferson 8099 Casey 13909 Andover 8816 Silverton 9549 Clearfield NC 9044 Kinston 8817 Moore 14309 Keokuk ND 6474 Forman 9053 Stanton KS 3134 Peabody 6557 Tower City 9625 Hutto 8794 Wetmore 6601 Edmore 9810 Mertzon 9136 Highland 6743 Hatton 9989 Crosbyton KY 7254 Prestonburg 7879 Bottineau 10241 Gregory 11890 Stone 9386 Ambrose 10323 Lometa 12202 Wallins Creek 9684 Reeder 10403 Malakoff 14026 Owen ton OH 7639 Baltimore 10472 Newcastle 14076 Paris 9274 Mendon 10657 Bagwell LA 10544 Minden OK 5811 Mangum 10703 Spur 14225 Delhi 6517 Quinton 11163 Lamesa ME 1956 Norway 6641 Wanette 13555 Blooming Grove 7835 Springvale 7209 Berwyn 13562 Colorado 13843 Fort Fairfield 8472 Oklahoma City 13661 Orange MD 4363 Laurel 8616 Duncan 13667 Ennis 6202 Pocomoke City 9881 Kingston 13669 Mount Calm 8799 Woodbine 9964 Guymon 14027 Breckenridge 8860 Poolesville 9970 Stilwell 12443 Mount Ranier 10370 Achille 13798 Chestertown 11397 Tonkawa (Continued on page 154) PLEASE BRING THIS NOTICE WITH YOU."se A ,j7 -- — -c Your note 'Or $ / _will be due at No._ _ BANK OF SMYRNA, Cr //, 190 (", which is the last day of grace. SMYRNA, TENN Paper Money Whole No. 191 Page 151 THE FIRST NATIONAL BANK OF SMYRNA, TENNESSEE AND (jokr #oNtralr gatcffeet by CHARLES A. DEAN MYRNA, Tennessee is located along U.S. Highway 41 (Dixie Highway) about 20 miles south of Nashville and about 12 miles north of Murfreesboro. Smyrna was established in 1851 as a way station on the Nashville and Chattanooga Railroad that was being built through the area. The railroad named the way station after the Smyrna Presbyte- rian Church that had been located in the area for about 40 years. The church, in turn, had derived its name from one of the seven churches of Asia mentioned in the Apocalypse of St. John. When the first train to Murfreesboro came through Smyrna on July 4, 1851, most of the residents from the surrounding area came out to marvel at the new mode of transportation. The Nashville and Chattanooga Railroad owned the land around the way station. The railroad divided the area into 64 lots and sold them to the public around 1859. At the beginning of 1861 most of the residents of Smyrna were against secession, but after the events of April most people sided with their home state when, in June, Tennessee became the last state to secede from the Union. After Nashville fell to Federal forces under General Don Carlos Buell on February 25, 1862 the area just south of Nashville, including Smyrna, was subjected to several Union foraging expeditions. In late December 1862 Smyrna area residents witnessed Union Gen- eral William S. Rosecrans' Army of the Cumberland advance from Nashville through the area on its way to Murfreesboro to engage Confederate General Braxton Bragg's Army of Tennes- see at the Battle of Stones River, December 31, 1862-January 2, 1863. After Bragg's withdrawal to the south from Murfreesboro, the railroad bridges north and south of Smyrna were guarded by Federal troops. Smyrna's most famous citizen was Sam Davis. Davis was captured by Union forces near Pulaski, Tennessee with secret military information hidden in his boot. After refusing to be- tray his friends by revealing where he obtained the papers, he was branded a spy and hung on November 27, 1863. Sam Davis has been known ever since as the "Boy hero of the Con- federacy." Confederate forces entered the area again in early Decem- ber 1864, when General John Bell Hood invaded Tennessee and sent General Nathan Bedford Forrest toward Murfreesboro. After three days of operations around Murfreesboro, Forrest withdrew and the area never again saw a large Confederate force. When the war ended in the Spring of 1865 the area around Smyrna, like most of the South, was in physical and economic ruin. Residents struggled for several years to return to normalcy. Smyrna was incorporated by the Tennessee legislature on December 10, 1869, but later, because of a technicality, the incorporation was repealed on February 28, 1881. The town was not incorporated again until May 5, 1915. Banking for Smyrna residents was difficult since the closest banks were located in Nashville and Murfreesboro. Realizing that this was an impediment to progress, some of the leading citizens decided to form their own bank. Thus, the Bank of Smyrna, a state chartered bank, was opened for business in 1904. The bank had a capital of $25,000 with 20 of the lead- ing citizens of Smyrna serving as directors. John S. Gooch, a former Lieutenant Colonel in the Confederate 20th Tennessee Regiment, served as president. On March 1, 1908 the bank changed its name to the Peoples Bank of Smyrna. In 1910 the bank contracted for a new building in which to conduct its business. The bank applied for a national charter, and in July of 1910 the bank was granted Charter 9807 and changed its name to The First National Bank of Smyrna. In 1914 John Norman Barnett started working at the bank. Mr. Barnett's name was soon to become synonymous with The First National Bank of Smyrna. Bank of Smyrna promissory note notice of 1906. S Page 152 Paper Money Whole No. 191 John Norman Barnett was born on August 2, 1891 in the Fellowship Community near Smyrna, Tennessee. He was the only son of William Thomas and Mary Jane (Hunter) Barnett. Mr. Barnett went by his middle name of Norman. He attended public school in Rockdale, Tennessee through the 8th grade. Mr. Barnett was a farmer until 1907, when he became a Bible salesman for two years. Then, he was a school teacher from 1909-1913, earning $1.25 a day. The elder Barnett had $5000 on deposit in the First National Bank for Norman to start his own business. In the early spring of 1914 Norman Barnett got on his mule and rode nine miles into Smyrna, intending to withdraw the mony and go into business for himself. At that time, the withdrawal of that sum of money from such a small bank would have necessitated its closing. Silas Hudson, the cashier of the First National Bank, offered Mr. Barnett a part time job at the bank, if he would keep the money on deposit. He accepted and started work on April 1, 1914. Mr. Barnett worked every other day with Mr. Hudson working the remaining three days of the week. This arrangement continued for sixteen months. Then one morn- ing Mr. Barnett came to work and found a note from Mr. Hudson laying on his desk. The note said, "It's all yours. I quit." With that, Norman had a full time job. Jack B. Ewing then served as cashier for about six months, followed by Jack G. Batey. On September 22, 1915 Norman Barnett married Jessie Seaton. They were married in front of the grandstands at the Tennessee State Fair in Nashville. John Gooch continued to serve as President of the First Na- tional Bank until his death in December of 1916. After the death of Mr. Gooch, Will V. Smith served as president of the bank for five years. He was followed by John W. Brittain and still later by Walter C. Hibbett. In 1918 Mr. Barnett became the cashier of the First National Bank. On February 12, 1923 the First National Bank was burglar- ized by cutting a hole in the vault door with a flame torch. Everything of value was taken in the burglary. For the most part, Mr. Barnett ran the bank by himself. Bank examiners referred to the First National Bank of Smyrna as a one man bank. First National Bank of Smyrna circa 1911. Silas Hudson, Jack Ewing, Jack Batey. In the period from 1921 to 1931, 8000 state and national banks had gone under. Over 85% of these banks had a capital of less than $100,000. The First National Bank of Smyrna, with a capital of $25,000, was thus a prime candidate for failure. On December 31, 1930 deposits at the bank totaled $152,032. By September 30, 1932 deposits had fallen to $102,288. In the early 1930s several large banks in Nashville and Murfreesboro failed. In early 1933 public lack of confidence in banks reached crisis proportions. On March 4, 1933 Franklin D. Roosevelt was inaugurated as President of the United States. Two days later, Roosevelt declared a "Bank Holiday" and closed every bank in the country. He then asked Congress to pass the Emergency Banking Act. This Act provided for the examina- tion and licensing of national banks. Licensed banks were al- lowed to reopen on March 16. Fourteen hundred national banks remained unlicensed. On reopening day the First Na- tional Bank had lost only one account of about $600. By De- cember 30, 1933 deposits had climbed to $112,386. The crisis was over. Only the financial expertise of Mr. Barnett and the confidence of the citizens of Smyrna in him had saved the First National Bank. On January 11, 1934 Walter C. Hibbett, president of the bank, died. Otis B. Coleman then became president on Febru- ary 15, 1934. In 1935 First National Bank bought out its competitor of 19 years, the Smyrna Bank & Trust Company. The First National Bank was located on the east side of the railroad that divides Smyrna. The Smyrna Bank & Trust was located directly across the tracks on the west side. Mr. Barnett placed the entire assets of the Smyrna Bank & Trust in a satchel, put it under his arm and walked across the railroad to the First National Bank. In 1937 the bank was the victim of a daylight robbery. Mr. Coleman and Mr. Barnett were locked in the vault. The robber was later apprehended in Maury County, Tennessee. Prior to 1941 First National Bank simply existed with de- posits of only $175,000 by that time. In 1941 the U.S. Army decided to build an Air Force base on the north side of Smyrna. The government started buying up farmland for the base and deposits at the bank started to climb. In 1942 the base opened and the future of the First National Bank was assured. In 1950 the First National Bank was remodeled. The brick columns in front of the bank were removed and a new black facade added. In an advertisement of February 1951 the bank boasted of being the only national bank in Rutherford County. It also advised that it was paying 2% on savings accounts. On January 13, 1955 a robber entered the bank and fired a pistol shot into the ceiling. Mr. Barnett gave him $6,374 and was, subsequently, locked in the vault, along with a customer. The robber was apprehended about four hours later, still in Smyrna. On March 3, 1955 the bank was robbed again. This time the robber made off with $1,474. He was apprehended about two months later. The First National Bank continued to grow. By June 30, 1967 deposits had reached $2,443,000. In 1968 the bank had eight employees to serve its customers. On March 31, 1969 the First National Bank presented Mr. Barnett with a new Chevrolet automobile. This was in recog- nition of his 55 years of faithful service. By 1970 the bank had outgrown the building where it had been conducting business for 60 years. Plans were drawn up for a new bank building to be constructed three blocks south Money bag from "The Greatest Little Bank 7 the Central South." Population of Smyrna 1910 220 1920 463 1930 531 1940 493 1950 1544 1960 3612 1970 5698 1980 8839 1990 13647 JOHN NORMAN BARNETT. • */* *.* ::IRST NATIONAL BANK OF SMYRNA SMYRNA, TENN . tle Runk tht (Thrstrvl .11611LICILLIMMIE,c9ragrizigNi .(11C111r TIE FIRST NATIONAL BANE OF SMYRNA 1`. TENNESSEE 'r MINTY DIAL \ I ■ (= al 10000331 :LimanizaTivism 9 THETNITER$TATESOFA51E:1111M. 103 0331 Paper Money Whole No. 191 Page 153 National Bank Notes Issued S20 1929 TYPE ONE with the signature of J.N. Barnett, Cashier and W.C. Hibbett, President. In 27 years, this is the only National Bank Note on Smyrna that I have had a chance to buy. of its old location. First National Bank moved into its modern building on July 7, 1971. A formal dedication and open house was held on Sunday, August 1, 1971. Norman Barnett had three sons, William Thomas born May 1, 1919, Frank Kelly born May 1, 1921 and John Norman, Jr. born April 11, 1930. Starting in the 1960s his sons served as directors of the First National Bank. In 1973 Mr. Barnett and his sons sold their stock and he retired. Mr. Barnett had been employed by the bank for 59 years, at a job that he was not really looking for when he rode into town in 1914. That many years of service on one job is truly remarkable. Even more re- markable is the fact that Mr. Barnett only took six sick days in that time. Norman Barnett only failed once to open the First National Bank on time and that was because of high water. Mr. Barnett believed in giving his customers personal ser- vice. Ile personally answered the telephone at the bank 95% of the time. Most of the time, when a customer came into the bank with a question about their account, he could give them an answer without having to look up the account. Mr. Barnett Third Charter, Plain Back, Blue Seal 5-5-5-5 Serial 616-1462 10-10-10-20 Serial 495-1041 1929 Type I 5-5-5-5-5-5 Serial 1-337 10-10-10-10-10-10 Serial 1 - 193 20-20-20-20-20-20 Serial 1-49 Total amount of circulation issued $108,860 Amount outstanding in 1935 $ 6,250 Amount of large-size notes outstanding in July 1935 $ 250 Number of large-size notes issued 10,012 Number of small-size notes issued 3,474 * Total number of notes issued 13,486 * There were 105 national banks in Tennessee that issued Series of 1929 notes. The First National Bank of Smyrna issued the fourth lowest total number of notes. even boasted that he knew his customers so well that he knew what they ate for breakfast. managed the bank very conser- vatively, only loaning out one-third of the deposits. The rest he kept in bonds and in the process, became a shrewd bond trader. Since prior to working at the bank Norman Barnett had held several jobs, his mother decided to give him an incentive to stay at the bank. She told him that if he would stay on the job for six months, she would give him a fountain pen. I am sure Third Charter, Date Back, Blue Seal 5-5-5-5 Serial 1-615 10-10-10-20 Serial 1-494 Page 154 Paper Money Whole No. 191 Number of Notes Known Large-size Series of 1902 None Small-Size Series of 1929 Serial Number $10 E000179A VG $10 F000183A G $10 F000188A F-VF $20 C000033A VF that if she knew how long he stayed at the bank, she would be very proud. Mr. Barnett was the only banker who had his signature affixed to national bank notes, that I personally knew. He always had a smile and was very cheerful. I never saw him when he was not immaculately dressed; and with his gray hair, he was the epitome of a small town Southern gentleman banker. In 1977 the First National Bank opened a branch office in Murfreesboro. At the same time, it changed its name to the First National Bank of Rutherford County. After he retired from the bank Mr. Barnett maintained an office in Smyrna from which he conducted his personal busi- ness. On April 26, 1984 John Norman Barnett, who for so many years really was the First National Bank of Smyrna, died. In January of 1985 the First National Bank of Rutherford County was bought out by the Third National Bank in Nash- ville. The name was then changed to the Third National Bank of Rutherford County. Thus ends the story of a unique small town bank, whose nickname was "The Greatest Little Bank in the Central South." Anyone wishing to report additional national bank notes from Smyrna, Tennessee is invited to contact me at P.O. Box 140262, Nashville, Tennessee 37214. Sources Alderson, William F. (1971). Tennessee Lives. Flopkinsville,Kentucky: Historical Record Association. Hoover, Walter K. (1968). History of Smyrna. Nashville, Tennessee: McQuiddy Printing Company. Huntoon, Peter and L. Van Belkum. (1970). The National Bank Note Issues of 1929-1935. Chicago, Illinois: Hewitt Brothers. Kelly, Don C. (1985). National Bank Notes, a Guide with Prices. 2nd Edition. Oxford, Ohio: The Paper Money Institute, Inc. Mid-Continent Banker. November 1968. St. Louis, Missouri: Com- merce Publishing Company. Acnowledgments I would like to thank Dr. Jim Neal and staff at the Learning Resources Center, Middle Tennessee State University, Murfreesboro, Tennessee. would also like to give a special thanks to Bill, Frank, and Johnny Barnett. Without their help, this article would not have been possible. TEXAS (Continued from page 142) A.R. Davis died in 1967 at the age of ninety-one. An elemen- tary school in the Garland Independent School District was named in his honor. REFERENCE Garland Local History and Genealogical Society—Volume Five, Num- ber Two. July 1977. DANIEL (Continued from page 140) Treas. of the U. S., was donated by Col. White to the State Hist. Soc. The said bill, attached to this paper, was placed on exhi- bition in the museum. It was stolen out of the case. The loss was first discovered by me in January, 1923. Melvin R. Gilmore, Curator." That is the only record found of the missing $1. note. I leafed through what seemed the appropriate file folders of Curator Gilmore's correspondence but found no file copy of any letter acknowledging the receipt of such a $1 bill. The museum reg- istrar found no record of it in either the acquisitions or miss- ing files. A possible explanation could be that the note was presented personally and no written ackowledgment was con- sidered necessary. Since it is unknown whether the note was a silver certificate or a United States note or what serial number it carried, none of the eight possible notes can be identified as the missing $1, note if, by chance, it should be in someone's collection. ENDNOTE: 1. According to the description of Lot 478 in the Currency Auctions of America, Inc., sale, October 27-28, 1995, a $200 shortage of $10 silver certificates from the Bureau of Engraving and Printing came to light on December 12, 1896, and United States Treasurer Daniel N. Morgan made up the shortage from his personal funds. SUPPLEMENT XX (Continued from page 150) UNREPORTED CHARTERS TX 14072 Falfurrias 14126 Groesbeck VT 7614 Enosburg Falls 13261 Poultney VA 7208 Gate City 11533 Tazewell 13878 Onancock WA 3862 Yakima 8639 Kelso 9576 Zillah 10407 Tonasket 14166 Tonasket WV 7672 Pineville 8333 Gary 9523 Alderson 10392 Anawalt 10759 Ravenswood 11502 Kimball 13505 Gary 13783 Marlinton WI 8632 Rio T had been three months since I had seen the oldest member of the Keokuk Coin Club, so I had grown careless. For three months I had packed up the secretary's notes, dues records, bulletins and correspondence and, after answering a quick question or two, set out for home. For three months I had arrived home in time for the ten o'clock news. In fact, I had even started worrying about him—just a little. The oldest member rarely missed a meeting. He would sit in the back of the high school library where we meet, smiling like a barracuda at a municipal swimming pool on the hottest day of the year, waiting for the end of the evening's program, when he'd glide over to some unsuspecting younger member with his cup of coffee in one hand and the most preposterous piece of paper money in the other. By the time he's uttered the fateful words, "Say, Bub, did I ever tell you about the time that I . . ." its too late. Victims of the oldest member's interminable tales have been known to spend a full hour or more standing in the high school's entry way while the oldest member tells them about the fabulous and historic pieces of numismatic exotica that he had once owned or seen or heard about. So, as I was saying, my defenses were down as he slid into the booth beside me at the local cafe the morning after that third missed meeting. "Say, Bub, sorry I missed the meeting," he started. "I was out in California visiting my sister Margaret. She reminded me of a box of stuff I'd stored with her when I decided to move back to Iowa in the mid-sixties. I suppose you didn't know I spent about ten years out there after I got out of the Navy. Worked as plumber. I tell you, Bub, there were some real opportunities to buy coins and paper money back then. Fabulous treasures, great prices . . . . Wish I'd bought more. "In fact, though, the best piece of paper money I ever got was given to me while I was out there. A really historic, high denomination note, in great condition. You gotta see it. It's a thousand dollar note, but I wouldn't take twice that for it. Somehow I'd forgotten about it, too, after I'd left it with my sister in that box . . . . But I just happen to have it with me today." As the oldest member fumbled from one pocket to another, he kept telling me about his Southern California adventures. "I tell you, back then, a plumber could pretty much write his own ticket in the L.A. area. New houses and buildings pop- ping up all over the place, and a climate that, well, makes fre- quent bathing pretty much of a necessity." And then he found his fabulous thousand dollar note, mixed in with the stack of mail he'd just picked up at the post office. I must admit that I was a bit embarrassed for him even before he placed it reverently in my hands. I noticed the brownish, fake parchment, the half a dozen portrait vignettes along the left and right borders, the Grecian-temple bank building above the words "The Bank of the United States," and then, up in the left corner, the confirming serial number: "8894." Surely I Paper Money Whole No. 191 Page 155 II SENTIMENTAL: BANK NOTE by The Oldest Member as told to TOM GARDNER Secretary of the Keokuk Coin Club this thousand dollar promissory note is the most common and best renown reproduction in all of U.S. paper money collecting. I began to stammer as I explained my doubts about this particular note's rarity and value. I was actually worried that I might somehow insult the oldest member by telling him his note was no good. Fat chance. "A fake, you say!" he exclaimed. "The thing about quality bank notes is that you've got to ex- amine them closely, and you've got to be sensitive to the whatchamacallit, the ambience of their origins." "But in this case that's a cereal box," I muttered. "Ahhhh you younger collectors!" he responded. "In this case that's such a small part of the story that it's hardly worth no- ticing. "Now listen, back in the early sixties I used to get called out in the middle of the night to take care of someone's plumbing emergency. Something that couldn't wait till morning. And sometimes, when I got called out in the middle of the night that customer might be grateful and give me something a little bit extra. That's how I got this note, and that's what makes it so valuable." "Yeah, but that hardly adds any value to a cheap reproduc- tion," I started to say, but the oldest member interrupted me with the words, "Why don't you turn it over, bub?" So I did, and then I understood. What red-blooded Ameri- can man would not give a pretty penny for a note that read, "Thanks for coming in the middle of the night!" and signed "Marilyn Monroe." Next to the signature was a hot pink lip- stick kiss. It was that lipstick kiss that convinced me. I mean, I could picture the old goat writing on the back of a worthless repro- duction of a note, not with the idea of cheating anyone, mind you, but simply to enhance a story. But what I couldn't imag- ine was him buying that tube of lipstick, and then going to some very private place to apply it to his own aged lips, and then . . . . Nah, it just doesn't bear thinking about. EENTTT3CJET OBSOLETE NOTES S. SCRIP by Earl Hughes, ed. by Steven K. Whitfield Latest book from the Society of Paper Money Collectors Softcover (unbound, if you prefer) — $29.95 Dealer lots of 12 copies — $240.00 Prices include shipping To be released in mid-November. • This will be a limited edition, based in part on the number of orders received. No orders accepted after Oct. 31, 1997. Send checks payable to SPMC to: Mark Anderson (SPMC), 400 Court St., #1, Brooklyn, NY 11231 Page 156 Paper Money Whole No. 191 WORLD PAPER MONEY by MOHAMAD H. HUSSEIN ETROLEUM, commonly called crude oil, crude or just oil, is a flammable liquid fuel found deep underground or occasionally in pools and springs on the earth's sur- face. The word "petroleum" also covers other gaseous and solid substances, such as natural gas and asphalt, that resemble the liquid in chemical composition. Petroleum is one of the most valuable natural resources in the world. It constitutes the life- blood of modern civilization. More than 3,000 products are prepared from petroleum by physical and chemical methods. From it are made: gasoline, diesel and other fuels to power automobiles, trucks, trains, ships, airplanes, farm and construc- tion equipment and other machines; fuels to run electric power plants; fuels to generate heat for places to live, work and play; motor oils, grease and other lubricants; candles and other wax products; Vaseline and other ointments, creams and cosmet- ics; aspirin, nasal sprays, intestinal lubricants, ethers and other medicinal products and anesthetics; insect killers and other exterminatives and insecticides; detergents; disinfectants; fab- rics; carpets; curtains; furniture; toys; tools; music recordings; computer disks; materials to cover floors, roofs and roads; wood preservers; paint; dyes; naphtha; sealants; plastic; ink; tooth- paste; food additives and thousands of other useful things. It is also used to make explosives and is indispensable in mod- ern warfare. The search for oil goes on tirelessly in all parts of the world. It is found on all continents and under every ocean. The petroleum industry plays a vital role in the economic life of many nations. Symbolizing wealth, industry and other at- tributes, petroleum themes are depicted as major design fea- tures on the paper money of many countries. The word petroleum is derived from two Latin words mean- ing rock and oil; since it was first found as oil seeping up from the ground through cracks in rocks. Today, raw petroleum is simply referred to as oil and is generally found in deep depos- its. Chemically, petroleum is composed of extremely diverse and complex combinations of hydrogen and carbon com- pounds called hydrocarbons. It also contains varying small amounts of sulfur, nitrogen, oxygen and metallic elements. Crude petroleum from different fields differ widely in color, odor, weight, viscosity, and other physical characteristics and chemical properties. The color may be black, brown, red, am- ber, or yellow; some fluoresce green or purple in reflected light. It may smell sweet and pleasant, bad and foul, or be odorless. It may be lightweight gas, slightly heavier "wet" gas, light vola- tile liquid, thick tarry liquid, semi-solid, or solid. Some may be mostly gasoline and others contain none, wax may be found in some and absent from others, similarly with lubricating oils and other compounds. It is believed that petroleum was formed from residue of organic plant and animal material deposited in enormous amounts in sediments (mud, sand and other soils and frag- mented rock) millions of years ago. As the sediments became buried deeper and deeper in the ground, complete oxidiza- tion and decomposition of the organic material were prevented while under the tremendous pressure and heat it was partially distilled forming oil and gas. Over time, gas and oil moved (under water pressure or squeezed by the weight of earth and rock above it) through the cracks and tiny holes into a type of porous and permeable rock called a reservoir. The petroleum eventually rises to the surface and escapes, or collects in un- derground traps within impermeable layers. The most com- mon types of traps are anticlines, faults, stratigraphic traps, and salt domes. Before about 1900, petroleum prospectors looked for pools of oil on the ground surface and relied mostly on luck to find oil underground. Modern exploration is an advanced science that utilizes complicated instruments and complex technology. Today's prospectors are likely to be spe- cialized oil geologists and geophysicists. Experts estimate the world's oil reserves at about 1 trillion barrels (42 trillion gal- lons) which is about 30 to 40 times the annual world con- sumption. The Middle East has about two-thirds of the world's oil, mostly around the Arabian Gulf. Saudi Arabia alone has about 25% of the world's recoverable oil. Latin America has about 10% of the world's total. Western Europe, Africa, the Far East Pacific region and North America each has approxi- mately 5% of the world's oil reserves. P Paper Money Whole No. 191 Page 157 People have known and used petroleum in many ways for thousands of years. Earliest records indicate that petroleum was an important commodity used by the Egyptians, Babylonians, Assyrians, Persians, Chinese, Greeks, Romans and others. Petroleum was used by the ancient Egyptians to em- balm their mummies and for many other purposes. The streets of Babylon were paved with asphalt. Ancient colonies around the Caspian and Black Seas used oil found in surface pools for heating and cooking. The Chinese drilled for oil using bam- boo piping centuries ago. Persia had an oil industry at the time of Cyrus the Great. The American Indians have used oil for medicine and other purposes since ancient times. The Tower of Babel was built with bricks and petroleum slime. Noah waterproofed his Ark with petroleum pitch. Moses' mother daubed his basket in petroleum slime and pitch before she laid it by the river's brink. Ancient artists and artisans used petroleum in their work. Fireballs and other petroleum- based destructive weapons were used in ancient wars. The mystical flare at a gas seep- age burning for years must have been one of man's earliest objects of awe and adora- tion. The fire-breathing Chimera in Greek mythology must have been such a seep. Modern civilization depends heavily on petroleum; in fact it is difficult to imagine living without it. Today, more products are made from petroleum than perhaps any other substance. The discovery of obtaining kerosene from petroleum by the Cana- dian Abraham Gesner in the 1840s and the invention of the kerosene lamp in 1854 were the major breakthroughs in modern petroleum usage. The start of the modern oil industry on a large scale is traced to August 27, 1859 when Colo- nel Edwin L. Drake (a retired railroad conductor) discovered oil at a depth of about 70 feet near Titusville in Penn- sylvania while drilling with an old steam engine for the Seneca Oil Com- pany. It was the first well intentionally drilled for commercial purposes. Within three years, so many wells were drilled in the area and so much oil was obtained that the price of a barrel dropped from 20 dollars to 10 cents. Drilling for oil rapidly spread across the United States. By the 1880s commercial production had begun in California, Illi- nois, Indiana, Kentucky, Ohio and Texas. In 1901 a well at the Spindletop field near Beaumont, Texas sprayed about a million barrels in the air before it was brought un- der control. Major early discoveries include the East Texas fields in 1930 and at Prudhoe Bay, Alaska in 1967. In Canada oil was pro- duced in Ontario in 1867, New Brunswick in 1879 and Alberta in 1915. By 1918 Mexico was the second largest producer of oil in the world. Oil was discovered in Iran in 1908. In 1927 one of the largest oil fields in the world be- gan production in Kirkuk, Iraq. In Saudi Arabia oil was dis- t. BANCO CENTRAL BE BOLIVIA .Itzt4,,,.;kreli Cae.1,Coc,aGaCararoCc*ze. NGAN HANG NHA NU& VIETNAM Page 158 Paper Money Whole No. 191 covered at Dammam in 1936. Two years later oil was found in Kuwait. Significant production of oil in Africa started in the 1950s; major areas include Libya, Algeria and Nigeria. Oil pro- duction began in Australia in 1964. Large discoveries were found in the North Sea along the British-Norwegian bound- ary in 1970. The Soviet Union was the world's largest crude oil producer in 1974. The United States produced 2,000 barrels in 1859 which rose to 64,000,000 barrels in 1900 and 2,500,000,000 barrels in 1993. The United States annually consumes about a fourth of the world oil production. The world's first refinery was established in Romania in 1857. Today, Petroleos de Venezuela's refinery in Judibana, Falcon, Venezuela and Amoco Oil Company's refinery in Texas City, Texas are among the largest in the world, each producing close to 500,000 barrels per daily. A 2-inch diameter, 5-mile long pipeline carried 80 barrels per day in the fields near Titusville, Pennsylvania in 1863. Today, the 2,350-mile long Interpro- vincial Pipe Line spans North America from Edmonton, Alberta to Montreal, Quebec in Canada through Chicago, Illinois with 82 pumping stations to maintain the flow of more than 1.5- million barrels of oil each day. The 8,670-mile long TransCanada natural gas pipeline transports more than 2,000 billion cubic feet of natural gas per year. The Alaska oil pipeline runs 800 miles from Prudhoe Bay to Valdez with a capacity of about 2 million barrels per day. It was built at a cost of 9 billion dollars. The world's largest oil storage tanks are owned by ARAMCO in Saudi Arabia. There are five tanks each measuring 386 feet in diameter and 72 feet in height with a 1.5 million barrel capacity. Jahre Viking is the largest oil tanker (and the largest ship of any kind). It measures about 1500 feet in length, 225 feet in width and has a draft of 80 feet and a deadweight of more than 600,000 tons. Shell Oil Company's "Auger" and "Mars" offshore production platforms in the Gulf of Mexico are each almost 3,000 feet tall from seabed to surface. On average, 14 million barrels of oil from 10,000 acciden- tal spills are discharged into the environment each year. A blow- out beneath the Ixtoc-I drilling rig in the Gulf of Mexico in 1979 produced a slick that reached 400 miles. It was capped eight months later after a loss of more than 500,000 tons of oil. On March 24, 1989 the Exxon Valdez oil tanker ran aground on Bligh Reef in Prince William Sound, Alaska, spill- ing more than 10 million gallons of crude oil. The slick spread over a 2,600 square mile area. It was the largest such accident in United States history. The oil contaminated hundreds of miles of coastline including a national forest, four national wildlife refuges, three national parks, five state parks, four state critical habitat areas, and a state game sanctuary. In 1991 Iraqi forces occupying Kuwait pumped 8 million barrels of crude oil into the Arabian Gulf. On July 6, 1988 a gas leak triggered explosions that blew up the Piper Alpha oil platform in the North sea, killing 170 workers onboard. The Piper Alpha Oil Field tragedy resulted in the largest ever marine insurance loss of about 850 million dollars. The invention of the kerosene lamp led to the establishment of the first American oil company, the Pennsylvania Rock Oil Company in New Haven Connecticut on Decem- ber 30, 1854. Early in the 1900s the internal-com- bustion engine made petroleum one of the most valued and essential substances in the world. To- day, millions of people work directly, or indirectly, in the petroleum industry's myriad branches all over the world. In the United States the petroleum in- dustry is one of the largest private employers, with over 1.5 million employees and 330 billion dollars in capital investment. There are about 45,000 com- panies related to the petroleum industry in America; however, the eight largest companies handle about half the business. Nationwide there are more than 200,000 gas stations, most of which are independently owned and operated. The oil industry is the single largest tax con- tributor in the nation. In fact, it is estimated that it generates more tax money than the next two or three largest industries combined. The petroleum industry plays vital roles in the economic lives of developed and developing countries. Aside from pro- viding fuels and other essential materials, employment and revenues, the oil industry is considered of utmost importance to the national security of many nations. Symbolizing wealth, industry, political power and self-reliance, many countries depict scenes from the petroleum industry on their coins and paper money. Popular scenes on notes include refineries, oil well derricks and offshore platforms. The table lists 33 coun- Paper Money Whole No. 191 Page 159 COUNTRY DENOMINATION DATE DESCRIPTION, PICK NO. Albania 1000 leke 1949 Oil well derricks on face, P.27A Angola 120 kwanzas 1987 Offshore oil platform on back, P.120 Bahrain 1/4 dinar L.1964 Oil well derricks on back, P.2 Bolivia 500 bolivianos L.1945 Oil well derrick on back, P.143 100 bolivianos L. 1945 Oil refinery on back, P.147 5 centavos ND (1987) Petroleum refinery on back, P.196 Canada 10 dollars 1971 Oil refinery on back, P.76 Central African States 500 francs (19)94 Petroleum industry scenes on face, P.4 Cuba 50 pesos 1961 Petroleum pumps at right on back, P.98 Czechoslovakia 50 korun 1964 Petroleum refinery on back, P.91 German Dem. Rep. 50 mark 1971 Oil refinery on back, P.30 India 1 rupee 1981 Offshore drilling platform on back, P.78 Indonesia 100 rupiah 1968 Petro-chemical plant on back, P.110 Iran 100 rials ND (1971) Abadan oil refinery on back, P.91 Iraq 1/2 dinar 1 dinar ND (1971) ND (1971) Petroleum refinery on face, P.57 Oil refinery on face, P.58 South Korea 1 dollars AMPCC 5 dollars AMPCC ND ND Oil refinery on back, P. M29 Natural-gas tank on back, P. M30 Kuwait 1/4 dinar L.1968 Oil rig on face, refinery on back, P.11 Libya 1/2 dinar ND (1981) Petroleum refinery at left on face, P.43 Mexico 10,000 pesos 1981 Oil facilities complex on face, P.736 Myanmar 45 kyats ND (1987) Oil field derricks on back, P.64 Netherlands Antilles 500 gulden 2.1.1962 Curacao oil refinery on face, P.7 Peru 50 intis 3.4.1985 Offshore drilling rig on back, P.130 Qatar 50 riyals ND (1976) Offshore drilling platform on back, P.4 Qatar & Dubai 1 riyal ND Oil derrick at left on face, P.1 Romania 25 lei 1966 Large petroleum refinery on back, P.90 Saudi Arabia 10 riyals 5 riyals D.A1I1379 (1977) D.AI-11379 (1983) Offshore oil drilling platform on face and oil refinery on back, P.18 Oil refinery on back, P.22 Singapore 500 dollars ND (1977) Petroleum refinery on back, P.15 South Africa 2 rand ND (1990) Petroleum refinery on back, P.118 Sudan 50 pounds 25.5.1984 Modern oil tanker on back, P.29 Swaziland 10 emalangeni ND (1986) Petroleum refinery on back, P.15 Trinidad & Tobago 1 dollar ND (1985) Oil refinery on back, P.36 Tunisia 10 dinars 20.3.1986 Offshore oil complex on back, P.84 United Arab Emirates 1 dirham ND (1973) Oil well derrick at left on face, P.1 Venezuela 20 bolivares 9.3.1929 Oil field on face, P. S177 Vietnam 5000 dong 1987 Offshore oil platforms on back, P.92 tries with notes depicting petroleum themes as major design countries. Researching and collecting world paper money features. All notes are referred to by Pick Numbers to the Stand- depicting different aspects of the petroleum industry is a fasci- ard Catalog of World Paper Money by the Krause Publications, nating, educational and rewarding endeavor. ■ Inc. The illustrations include examples of notes from several Page 160 Paper Money Whole No. 191 VARIETIES OF SERIES 1993 $ 1 WEB NOTES by BOB KVEDERAS, Sr. and BOB KVEDERAS, Jr. ITH the overprinting of the final run of the F-V block of Series 1988A $1 web notes for the Atlanta Federal Reserve District in October 1993, web note produc- tion ceased for nineteen months. Production of Series 1993 $1 Federal Reserve notes had already been underway for more than a year when the first web notes bearing the Mary Ellen Withrow and Lloyd Bentsen signatures were overprinted in May 1995. While the Series 1993 web note issue would prove to be the smallest of the three series, it would also be the easiest for collectors to complete. The Bureau of Engraving and Printing (BEP) produced Se- ries 1993 web notes for only two of the twelve Federal Reserve Districts. In May 1995 the BEP produced 12,800,000 web notes in two runs for the New York Federal Reserve District. Run 4 of the B-1-1 block consisted of 6,400,000 notes in the serial number range of B19200001 1-I to B256000001-I. Run 7 of the B-H block likewise consisted of 6,400,000 notes in the serial number range B38400001H to B4480000011. The next month the BEP produced another 12,800,000 notes, this time for the Philadelphia Federal Reserve District. Run 7 of the C-A block consisted of 6,400,000 notes in the serial number range of C38400001A to C44800000A. The final Series 1993 web run was the 6,400,000 notes of run 9 of the C-A block with serial numbers from C51200001A to C57600000A. The early resig- nation of Secretary of the Treasury Lloyd Bentsen had spelled an unexpected end to Series 1993 $1 Federal Reserve note pro- duction. Indeed, Series 1995 $1 production had already be- gun in May 1995. Since the BEP used only one face plate, all Series 1993 web notes bear face plate number 1. The numbering of the back plates continued to progress from the Series 1988A plates. The BEP apparently reused back plate 8, which had been used for Series 1988A web notes. Back plates 8 and 9 were used in the B-H block and notes with the 1-8 and 1-9 plate combinations can be easily found for both run 4 and run 7. For the C-A WANTED IN NEW YORK! 1ST N.B. OF TARRYTOWN CH #364 MOUNT VERNON N.B. CH #8516 A HANDSOME REWARD WILL BE PAID FOR THE CAPTURE AND SURRENDER OF EITHER 019 BOTH OF THE ABOVE ESCAPEES FRANK LEVITAN, 4 CREST AVE., LARCHMONT, N.Y. 10538 TEL 914-834-6249 block, back plates 8, 9, and 10 were used. For run 7 and run 9, the 1-8 and 1-9 plate combinations have been found. The 1- 10 plate combination has been found only in run 9. The 1-8 combination in run 9 is especially scarce. It is likely that only a little over 800 sheets of the 1-8 combination were overprinted for run 9. Despite the fact that the BEP overprinted only 25,600,000 Series 1993 web notes, both districts and all plate combina- tions are available in high grade. Collectors owe a debt of thanks to Jim Hodgson for assembling a group of matched- ending serial number uncirculated sets of the five possible C- A block notes. The known Series 1993 web note varieties are shown in the following chart. Readers are encouraged to send any additions, corrections, 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 Tim Conklin, Jim Hodgson, Greg McNeal, Doug Murray, John Schwartz, Bob Totz and Doug Walcutt. Series 1993 Blocks and Plate Usage BLOCK RUN 1-8 1-9 1-10 RANGE B- I-I 4 1-8 1-9 192-256 B-H 7 1-8 1-9 384-448 C-A 7 1-8 1-9 384-448 C-A 9 1-8 1-9 1-10 512-576 4 4 1 ATTENTION READERS A complete column of copy was somehow misplaced and deleted from "The Last Bond of the Lost Cause" by John Martin Davis, Jr. in PAPER MONEY No. 190, page 123. The missing portion, which follows the first para- graph on page 126, is critical to the article and will be published in the Nov./Dec. issue. I apologize to Mr. Davis for this blunder. (Ed.) fsramisavuotesnnsumounatemonntrissommi,V, TEO STATESOFAM ERICA A430305D -kr igA■111-11111MEn., It s. Xtztsz_git ._(27 itiliqP.;0::,,sEcruttnnitnnnutslimrourins ncrosmurernmumentsnamor .41516-"'"Itl alaktittiathal V355964E " .1L47.1 :t ;SiSS11(TiLW[g 10070 wv.;*x_Nrilg-twx-it - 0 0 0 gni Paper Money Whole No. 191 Page 161 None Outstanding All Redeemed NOT SO! by BOB COCHRAN The records of the Comptroller of the Currency indicate that the entire circulation of several national banks was completely redeemed; this would mean that there are no notes from these banks available to collectors. One of these banks whose outstanding large-size note circu- lation is "zero" (according to the Comptroller's records) is The First National Bank of Gardiner, Oregon. Please take a look at the illustration accompanying this article, and you will see that it is a $20 Third Charter Plain Back note issued by this bank, bearing the signatures of H.L. Edmunds, Cashier, and J.N. Hedd, Vice President. The Comptroller's records say that this note does not exist— but we know that it does. Why? HERE are several large-size notes known to exist from the First National Bank of Gardiner, Oregon; there are reported notes from other banks whose circulation was supposedly completely redeemed. The reason for this discrep- ancy is, of course, that the Comptrollers' records are incorrect. However, errors in the Comptroller's records probably aren't lim- ited to just a few banks—and here are my reasons for making that statement. Remember that a national bank was required to purchase U.S. Government interest-bearing bonds to back their circu- lating bank notes. These bonds were deposited with the Trea- surer of the United States for safekeeping. In the event that a bank failed, the outstanding notes could be redeemed from the revenue resulting from the sale of the bonds, and any other funds due the bank from the Treasury would be distributed among the persons holding claims against the failed bank. If a national bank wished to voluntarily liquidate, either to close or to become a state-chartered bank, it was necessary for that bank to redeem its circulation. That meant sending in all of its national bank notes to the Redemption Agency in the U.S. Treasury Department. Think about that—the bank wouldT Page 162 Paper Money Whole No. 191 have to round up all of the notes it had paid out over its counter over the years—an impossible task! So they would "salt away" their own notes with notes from other national banks or other Federal currency in circulation at the time. The bank would attempt to recover as much of their circulation as possible, but when the notes were sent in there would almost always be other currency buried in with them. The Redemption Bureau was a busy department, every day handling tens of thousands of worn-out and damaged notes, along with notes from liquidating and closed banks. In addi- tion, the economy could affect the number of notes coming into the Redemption Bureau. The note-issuing privilege pro- vided the national banks with an opportunity to make a profit by circulating the notes. This profit potential depended upon the price of the bonds that were used to back the notes; if the sale price of U.S. bonds became attractive to other investors, the banks had to compete with them, and often the banks would have to pay a premium for the bonds so they could issue notes. But when the value of the banks' bonds on deposit represented an opportunity to profit by selling them, the banks would then withdraw their circulation and send it to the Redemption Bu- reau, take possession of their bonds and put them on the mar- ket. This happened quite often in the late nineteenth and early twentieth centuries. When the sale price of the U.S. bonds went down, the banks would invest in them again. The clerks in the Redemption Bureau were usually busy enough that if the face value and denominations of the notes being redeemed matched what the bank claimed, the claim would be honored; they didn't always have the time to make sure that all of the notes were from the bank wishing to re- deem them. I make the claim that the majority of the outstanding figures reported for individual national banks are incorrect, both for large-size and small-size national bank notes. I think the state- ment is particularly true for banks that were issuing large-size notes at the time the small-size notes were introduced in 1929 (the First National Bank of Gardiner, Oregon falls into this category). The government was especially interested in remov- ing the large-size notes from circulation as soon as possible, and millions of these notes were redeemed in a relatively short period of years. As such, no attention was paid to the indi- vidual notes being received in large quantities from national banks throughout the country. I think this statement also holds true for banks that issued series 1929 notes through the time in 1935 when the last of the bonds backing them were called in. The banks were anx- THE FIRST RATIONAL BIM OF GARDINER OREGON ve,“ .A, BrAPr P Oft .4,0 TSITA71' DOMAIN 0000023A ,are 4 -414"r This note from the First National Bank of Gardiner, Oregon, proves the Comptroller's records for this bank are incorrect. (Illustration courtesy of Roy Sparks, Jr.) ious to redeem their bonds, so they sent in whatever notes of their own they had on hand, and included the notes from other banks to reach the total amount of their outstanding circula- tion. So the amount of small-size nationals, accorded to the individual banks, should be considered suspect as well. I have no quarrel with the total number of national bank notes reported as outstanding by the Comptroller in 1935; but because of the situations described above, I don't think that many of the totals assigned to the individual national banks are correct. It indicates to me that the figures are useful as a guide to possible rarity and nothing more. A serious collector can enhance his or her knowledge through personal research, reading or obtaining the many excellent reference publica- tions, and the opportunity to communicate with the experi- enced dealers and collectors in this most rewarding hobby. REFERENCE Hickman, 1. and D. Oakes. (1982). Standard catalog of national bank notes. Iola: WI: Krause pub. A RUN ON A BANK "A run on a bank is a funny thing," said the old banker, who was in a reminiscent mood. "It will start without the slightest cause, and you never know when to expect it. It may be only a rumor, it may be in the air, and the deed is done. Many a good bank has gone to the wall simply because there is no way to know that a run was in the prospect, and there are times when the soundest bank in the world could not stand an unexpected run. "A number of years ago, when I was a young man, I was cashier of a bank in the interior of the state. The bank was in good condition and perfectly sound, and we did not dream that our credit would be questioned. But one day a run was started without warning, and inside of two hours there was a howling mob around the bank, and we realized that we had a serious situation to face. "It was simply impossible for us to meet all the demands, but I paid out the funds we had on hand, knowing full well that it was a question of only a few minutes when we would be obliged to close. "Finally the president of the bank came to me and said in a low voice: "'How much longer can we hold out?' "'Not over ten minutes,' I replied, wiping the beads of per- spiration from my brow. "Calmly and deliberately he reached over to the money case, picked up a $10 bill, rolled it lengthwise, stepped to the stove and lit it; then, without a quiver of an eyelid, he produced a cigar, bit off the end and proceeded to light it from the burn- ing bill. "That move saved the bank. The man whom at that mo- ment I was handing his balance gasped and then, shoving the money back, said he would leave it. It was the turn of the tide, and the run ceased. We didn't even lose the $10 bill, as the president was careful enough to see that there was enough left to be redeemed."—Detroit Free Press.—Winona (Minn.) Daily Republican, Aug. 25, 1900. Paper Money Whole No. 191 Page 163 The Starts Here A Primer for Collectors by GENE HESSLER ATIONAL flags, birds or animals, and, national sym- N bols, especially the latter, are popular decorative de- vices for coins and paper money. As examples, on coins and paper money you will see the quetzal bird, which is part of the national emblem for Guatemala; the condor for Ecua- dor; the eagle for the United States and a host of other coun- tries. In addition to the preceding, you will see national symbols on the paper money of most countries, including the back of the U.S. Federal Reserve $1 note, which displays the Great Seal of the United States. Flags are seen occasionally. The American flag can be seen on about fourteen different types of large-size notes issued by the United States. Like the Great Seal of the United States, the American flag went through design changes before it was accepted. As states were added to the Union, additional stars were added. The last addition rep- resent the states of Alaska and Hawaii during the mid-20th century. The earliest flag as part of the history of our "Stars and Stripes" was the "Grand Union Flag." This banner consisted of thirteen alternately red and white stripes, representing the colo- nies. The space where a blue field now displays stars had the crosses of St. George and St. Andrew. These English and Scot- tish symbols showed our ties with Great Britain. The next design, with a circle of thirteen stars, was approved by the Continental Congress in 1777, before it was formally mentioned in the Constitution. George Washington described the symbolism this way: "We take the stars from heaven, the red from our mother country, separating it by the white stripes, thus showing that we have separated from her. And, the white stripes will go down to posterity representing liberty." In 1952 a stamp was issued to honor Betsy Ross, who many continue to believe designed the 1780 flag with stars arranged in rows of 3-2-3-2-3. In 1951 M.B. Schnapper presented what has since been accepted as historical fact: Francis Hopkinson designed the American flag. Nevertheless, the stamp was is- sued and a Post Office official was quoted in The New York Times on December 29, 1951: "But even if it is a myth it is a pleasant one. It is a beautiful story that has been in all the history books and which all school children love. We can't disprove it, so why not accept it." Betsy Ross undoubtedly sewed the first official American flag together, but she did not design it. Since 1777 the number and arrangement of stars on the American flag has gone through eight changes. Francis Hopkinson (1737-1791) was considered a minor Franklin. He was a writer•statesman, inventor and musician; he was the organist at Christ Church in Philadelphia. Hopkinson represented New Jersey in the Continental Congress and signed the Declaration of Independence. He held the positions of U.S. Treasurer of Loans and Judge of the Admiralty for Pennsylvania; he declined the di- rectorship of the U.S. Mint. In his 1780 letter to the Board of Admiraly, seven designs for seals, currency, etc. are mentioned, included as a refer- ence to his design for "The Flag of the United States." We are familiar with most of the different American flag designs; how- ever, the first unofficial American flag with the tie to Great Britain does appear on a piece of paper money. Seventeen dif- ferent denominations of colonial North Carolina paper money, $1/16 to $20, bear the date of April 2, 1776. Some notes, in- cluding the $7 1/2, bear the initials "GL" for the engraver, Gabriel Lewyn. The designs of these notes included a potpourri of symbols: alligators, beetles, lions, squirrels and owls among them. These notes also included monograms, a vase of flowers, hunter, dog and target, and that first unofficial American flag. The design of this $71/2 note from North Carolina is unique in this re- spect. It reminds of what our predecessors accepted as "their" banner, and the need to identify and partially separate them- selves from Great Britain. They held on to the Union Jack that occupied the space of the future blue field of stars. When Francis Hopkinson's design of stars and stripes was accepted, those early Americans stated their intentions to be independent and free. In closing allow me to return to last month's brief reference to Haiti. We have our Betsy Ross and Haiti has theirs. On the 10 gourde note, Pick 247, there is an image of Catherine Flon Arcahaie sewing the flag of Haiti. (Copyright story reprinted by permission from Coin World, Feb. 27, 1995.) Page 164 Paper Money Whole No. 191 by GENE HESSLER PMC-member Daniel Levitt submitted the photograph seen here; it would have been used to promote a movie. On the back is the following: "When Carole Landis and Pat O'Brien got together on the set of 'Pilebuck,' the pic- ture they are appearing in at Columbia, they pulled their 'Short Snorter' bills on each other. Carole and Pat, who both have recently returned from overseas personal appearances, found that their combined strings of bills were long enough to drape Carole attractively in the currency of some thirty-five coun- tries." As Mr. Levitt observed, "Pilebuck," not a memorable movie, could have been a working title. Prior to World War II, when individuals made transoceanic crossings they would sign paper money as a memento of what was then a momentous event. During that war this practice was modified. Service personnel would ask friends and ac- quaintances everywhere and anywhere to sign notes, notes that were then taped together. It is not uncommon to see short snorters that are 15 feet or more in length. Some short snort- ers bear the signatures of famous U.S.O. entertainers and war heroes. It is probably safe to say that the signature of Bob Hope, the perennial entertainer of U.S. service personnel, appears on a number of short snorters. It would be a nice gesture if more collectors would ask friends and colleagues to sign short snorters. In the future those col- lectors who adopt this custom will be glad they did. ■ EElsITTUCTLY OBSOLETE NOTES & SCRIP by Earl Hughes, ed. by Steven K. Whitfield Latest book from the Society of Paper Money Collectors Softcover (unbound, if you prefer) — $29.95 Dealer lots of 12 copies — $240.00 Prices include shipping To be released in mid-November. • This will be a limited edition, based in part on the number of orders received. No orders accepted after Oct. 31, 1997. Send checks payable to SPMC to: Mark Anderson (SPMC), 400 Court St., #1, Brooklyn, NY 11231 S Paper Money Whole No. 191 Page 165 The Problem of Two Banks Under One Roof I like to remember that banking is, and always has been, a "people" business. When I look at bank notes, checks and scrip, I'm always curious about the people who signed the notes or filled out the checks; what kind of people were they, and what was their situation at the time? This is a "people" story, and if you ever see a fiscal document from either bank in this story maybe you'll get a chuckle out of it. N Vicksburg, Mississippi the First National Bank and the City Savings and Trust Company Bank occupied the same building. The banking rooms were on the same floor, and the two banks' cages were adjacent to each other. This arrangement was not that uncommon before the Federal Reserve Act of 1913 and its later amendments, which broadened the powers of national banks. Before then, national banks had been denied the privilege of offering savings ac- counts, trust business and certain types of loans. As such, many national banks established Savings and/or Trust Companies as separate but related organizations; conversely, many Sav- ings and/or Trust Companies established national banks with the same relationship (national banks had some advantage over state-chartered banks, such as prestige and the profit po- tential from issuing national currency). Many times the officers or major stockholders were the same in both banks. Once in a while this arrangement created minor problems; in this case, the attempted courtesy of an employee of one bank caused a lawsuit to be filed against the other bank. A man named Williamson had checking accounts in both the City Savings and Trust Company and the First National Bank. One New Year's day Mr. Williamson made a deposit in the Savings Bank (yes, this took place a long time ago); the cashier of the Savings Bank, a Mr. Hickman, handled the trans- action. The deposit window of the First National Bank was a few feet away from where this was taking place; when Mr. Williamson commented to Mr. Hickman that lie wanted to make a deposit of $80 in his checking account in First Na- tional, Mr. Hickman told him, "I will take that right here." Mr. Williamson gave him the money, and Mr. Hickman made out a deposit slip for the First National Bank. He provided Mr. Williamson a receipt by entering the deposit in the First Na- tional pass-book held by Mr. Williamson. So far, so good— Mr. Hickman was just being helpful, and it turned out that he had performed similar acts many times. The next day, for some reason, a Mr. Tucker, an employee of the Savings Bank, changed Mr. Williamson's deposit slip from that of the First National Bank to the Savings Bank. The $80 NK Happenings was deposited in the Savings Bank instead of the First National, where Mr. Williamson and Mr. Hickman had intended it to be. Shortly after this, Mr. Williamson wrote two checks against his deposit in the First National Bank; when these checks were presented at the bank for payment, they were refused because of "Insufficient Funds" and returned. When Mr. Williamson called at the bank a few days later to check into the error, Mr. Hickman had already discovered it. In fact, he had transferred Mr. Williamson's deposit to First National, where they accepted it and credited his account. They had also written a letter to Mr. Williamson, stating in part: We want to assure you that we regret very much that this error occurred, and we stand ready to write letters to the parties that held these checks, explaining to them that you had sufficient funds to meet them, and that we were entirely at fault in this matter. When the checks in question were presented again at the First National Bank they were honored. Mr. Williamson sued the First National Bank for damages, obviously because he felt the bank had damaged his reputa- tion by refusing to honor valid checks. Williamson's lawyer contended that the deposit had been accepted by the First National, because the deposit had been acknowledged in his pass-book. At the trial, Mr. Hickman testified that lie had re- ceived deposits for the First National Bank in this manner many times before, and he had not been criticized by First National for his actions; the deposits were always accepted by First Na- tional. He further stated that he received his deposit and oth- ers as a courtesy to the depositors, and not for the First National Bank, and that he had never received any written or oral au- thority from the First National Bank to do it. Hickman's testi- mony formed the basis for the First National Bank's defense in the trial. Williamson's attorney asked for a pre-emptory instruction from the judge in the case, claiming that none of the testi- mony in the case had been disputed. He asked the judge to instruct the jury to find for Williamson, since the facts clearly indicated that First National was liable, because they had al- lowed Hickman's practice to continue without comments or instructions for him to stop it. The judge refused to grant this request, and the case went to the jury; the jury decided that the First National Bank was not at fault. Williamson appealed, and the lower court decision was over- ruled. The Supreme Court of the State of Mississippi held that First National validated Hickman's actions when it accepted Williamson's deposit from him, and honored the checks drawn on Williamson's account which had been previously refused. The case was returned to the original court for a decision as to the amount of damages the First National Bank owed Mr. Williamson. We can assume that specific rules for handling transactions had been published and placed in the hands of employees of both banks long before the decision was made. I ■ SPMC President Dean Oakes presenting awards to John Jackson and Nancy Wilson. illi nil II ,, On either side of U.S. Treasurer Maly Ellen Withrow are Mary Halsall and Ira Polihoff from the BEP. (Photos by John Wilson) Page 166 Paper Money Whole No. 191 The President's oColumn CgObchran I'd like to start out by thanking Dean Oakes for laying the groundwork for what I hope will be a smooth ride for me. Dean and I came in together in the summer of 1986, seems like yesterday. The SPMC Breakfast and "Tom Bain Raffle" in Memphis was wonderful; Wendell Wolka did his usual fantastic job as host and master of ceremonies. Our thanks also to U.S. Treasurer Mary Ellen Withrow for finding time in her schedule to at- tend. I saw her taking notes during the raffle—you don't sup- pose the Government would—naah!!! I plan to implement two major programs during my term. The first is creating more opportunities for our members to meet and become acquainted. This is already in process, un- der the guidance of our new activities coordinator, former presi- dent Judith Murphy. Our goal is to host SPMC general membership meetings and (if possible) an educational pre- sentation at ALL of the major paper money shows in the U.S. annually, as well as many of the regional and state numis- matic shows. But we need YOUR help! If you would be interested in host- ing an SPMC meeting at your club's next convention or show, please contact Judith or me and we'll go over the details with you. If you're still interested at that point, we'll provide you with all the materials you need for a general membership meet- ing and an educational presentation if you want to give one. The other idea that I have is certainly not a new one—re- cruiting new members and keeping the ones we have! It's no surprise that the annual leaders in recruiting are the same small group of members, year after year. Sadly, we have some 1700 members, most of whom have NEVER recruited a new mem- ber! If you benefit from your membership in the SPMC, why not share the fun with someone else? Every time I talk about paper money at a Missouri Numismatic Society meeting here in St. Louis, we get at least one or two new members. It's not me; I'm not that vain! But I honestly do believe the fun of "talking paper" rubs off on a few folks. I ask each and every SPMC member to recruit at least ONE new member—beginning right now. Every member knows at least one person who "dabbles" in paper, or one who is totally "hooked," but that one is NOT an SPMC member. Show that person a copy of PAPER MONEY and hand them an applica- tion with your name on it as their sponsor. You'll BOTH gain by it! PAPER MONEY continues to be the BEST club publica- tion in ALL of numismatics, so let's spread the word! A long-overdue "thanks" to John Ferreri for his past services to the SPMC. John served as treasurer for many years begin- ning in 1975, and he was a member of the SPMC Board of Governors for 20 years. And he isn't done yet—if I have any , thing to say about it. Enjoy your summer! If you have to stay inside where it's cool, write an article for PAPER MONEY! — Bob Cochran Coordinator Change Due to vision difficulties, Ken McDannel will step aside and Frank Bennett will become the coordinator of the 1929-1935 Overprinted National Currency Project. Ken has repaved the way for the continuation of this program. We owe Ken, Frank Bennett and Don C. Kelly our thanks. Life Membership Reminder This is a reminder that $300 in one payment before January 1, 1998 will be accepted for life membership. Effective immedi- ately, life membership payment in installments over a period of one year is $500 in the U.S.; $600 in Canada and Mexico; and $700 elsewhere. Awards at Memphis Literary awards for 1996 were presented on June 21 at the Memphis International Paper Money Show. For articles in PAPER MONEY, vol. xxxv: 1, Forrest W. Daniel, "The Printer's Devil Note"; No.; 2, Ronald J. Benice, "The Banks of Sing Sing"; 3, Stephen M. Goldberg, "Sorting the Issues of New York City." The recipient of the Dr. Glen Jackson Memorial Award was Gene Hessler for "Alphonse Mucha" in PAPER MONEY, No. 185. An award of merit went to Zeljko StojanoviC for Paper Money of Serbia and Yugoslavia. Frank S. Viskup, Jr. earned and received the Membership Recruiter Award. A plaque from the Memphis Coin Club was made available to each exhibitor. The SPMC Best of Show Award went to Nancy Wilson for "Santa Claus on Bank Notes, Stock Certificates and Vignettes." John Jackson captured the Julian Blanchard Award and the Bank Note Reporter Most Inspirational Award for his outstanding "America's Eagle." The Fractional Currency Collectors Board presented three awards: 1, Robert Laub for a Fractional Currency Presenta- tion Book"; 2, Benny Bolin for "Spencer Morton Clark"; 3, Doug Hale K. Hales for "Twenty-Five Cent U.S. Postage Cur- rency." There was no IBNS-Amon Carter, Jr. Award. The Souvenir Card Collectors Society presented the first an- nual James Thompson Award to co-winners and exhibitors John Wilson for "Souvenir Cards and Matching Vignettes" and Milton Friedberg for "BEP Printed Silk Handkerchiefs." For his revised and expanded National Bank Notes, Don Kelly was named as the second recipient of the John Hickman Me- morial Award. Unfortunately Don was hospitalized just be- fore the show was to begin in Memphis, and the intended presenter, Rick Hickman, John's son, was grounded in Chi- cago due to a storm. Martin Delger received a Numismatic News Numismatic Ambassador Award. Bank Note Reporter Editor David Harper made the presentation. Paper Money Whole No. 191 Page 167 Minutes of the meeting of the Executive Board of the Society of Paper Money Collectors, Saturday, June 21, 1997, Holiday Inn Crowne Centre, Memphis, Tennessee. Meeting called to order by President Dean Oakes at 8 A.M. Board mem- bers present: Bob Cochran, Tim Kyzivat, Frank Clark, Dean Oakes, Judith Murphy, Stephen R. Taylor, Wendell Wolka, Milton R. Friedberg, Ray Ellenbogen, Steven Whitfield, Gene Hessler; Ronald L. Horstman came in a bit later. Guests included Roger H. Durand, Richard J. Balbaton, Mark Anderson, Greg Ruby. The results of the election for the Board of Governors was announced. Ronald L. Horstman, Judith Murphy, and Stephen R. Taylor were re- elected. President Oakes announced that he had decided not to seek a second term as President. Ray Ellenbogen nominated Bob Cochran for presi- dent and Frank Clark for vice president. Bob Cochran stated that he was considering candidates to replace him as Secretary. Mark Anderson was introduced as a candidate to take over the treasurer's position from Tim Kyzivat, who had expressed the desire to step down. Mark made a few comments about his desire to serve the organiza- tion, which were well-received and appreciated. Tim suggested that Mark be elected treasurer. The transition would be over a short period of time. Wendell Wolka moved, Judith Murphy seconded, to accept the nomi- nations by acclamation. Motion passed. Secretary Bob Cochran stated that the minutes from the last "official" meeting (one at which there was a quorum) in St. Louis during the PCDA Show, had been mailed to all Board members. Minutes approved as mailed. There are currently about 1700 active members of the SPMC. Treasurer Tim Kyzivat stated that the SPMC Breakfast had been a suc- cess, with more tickets (over 100) sold than there were attendees. He announced that the proceeds from the Tom Bain Raffle were excellent. Tim also announced that the SPMC is building funds, and is in a solid financial position. Tim and Mark Anderson will provide a detailed fi- nancial position shortly, as the office is assumed by Mark. Membership Director Frank Clark stated that the SPMC has enrolled 115 new members since his last report given at the PCDA Show. Frank also announced that the SPMC now has 234 Life Members. Frank fur- ther provided a listing of the top recruiters from the period October 16th, 1996 through May 31, 1997—Frank Viskup signed up 33 new members, and will receive the Vice President's Award. Editor Gene Hessler announced that he had a sufficient supply of ar- ticles to last through the end of 1997, and possibly through the first issue of 1998. Wismer Project Coordinator Steven Whitfield announced that the text of the book on Kentucky obsoletes and the photographs for the illustra- tions have been completed. President Oakes announced that a portion of the text had been typeset by a firm in Iowa. Individually, many mem- bers of the Board expressed strong opinions that the book should be published as soon as possible, yet not put a burden on the finances of the organization. A discussion followed as to the best method of publishing the book. Questions were raised as to how many copies of the book should be ordered, and whether or not the Society should order hardbound cop- ies, or softcover versions, which are less expensive. Roger Durand produced a quotation from a printing firm that pro- duces his books. Based upon the figures available from the different firms, Wendell Wolka calculated that the Society could have 300 copies of the book produced, softcover bound, for approximately $7,000. In response to a question, Treasurer Tim Kyzivat stated that the Wismer Project Fund contained approximately $19,000 in December 1996. A motion was introduced to proceed with publication of the Kentucky book as soon as possible, and to limit the number of copies to 300 or 400. We will seek quotations from the firms in Iowa and Rhode Island for 300 and 400 copies softbound, and quotations for unbound copies. Advertisements will be placed in the numismatic press as soon as fea- sible, offering prospective purchasers to subscribe for copies of the book at $29.95 retail. The time frame for subscriptions will be limited to the time that it takes to produce and deliver the books to SPMC, or the num- ber of copies is totally subscribed to, whichever comes first. Book whole- salers and dealers will be allowed to purchase books by case lot at wholesale price. A motion proposing a committee consisting of Roger Durand, Dean Oakes and Steven Whitfield was offered to be the committee to com- plete the details of publishing the books at the best price to the Society, and taking the steps necessary to have the books produced and delivered as soon as possible. The motion carried unanimously. Librarian Roger Durand announced that the Library is lacking many current reference books. He was asked to produce a listing of the titles needed, so the list could be published in PAPER MONEY. OLD BUSINESS President Oakes announced that the SPMC has received an offer from Joseph Falater at Classic Coins to purchase the remaining copies of Peter Huntoon's book about national currency at $15 per copy. The pro- ceeds from the sale of the book inventory would bring approximately $9,000. The proposal calls for payments from Falater to the SPMC over a 3-year period. A discussion regarding this proposal was held. Tim Kyzivat suggested that the SPMC attempt to get the proceeds over a shorter pe- riod of time. Ronald Florstman suggested that by allowing payments over a period of time, SPMC would be financing Falater's efforts to resell the books. In response to a question, Dean Oakes stated that the SPMC's cost for the books was $20 per copy. A motion was offered, seconded by Ray Ellenbogen, to sell the books to Falater per his offer. The motion passed. Judith Murphy offered a motion to raise the salary of the Editor by $50 per issue, effective immediately. The motion was seconded by Ray Ellenbogen. The motion passed. Ronald l-lorstman passed out information that he had gathered from other numismatic organizations regarding the cost of regular and Life membership. His report showed that the cost of Life Membership in the SPMC is substantially less than that of Life Membership in other organizations. Further, the current interest rate on $300 does not gen- erate $24—the cost of regular annual membership. A motion was offered to raise the fee for Life Membership to $500 for U.S. residents, $600 for residents of Canada and Mexico, and $700 for the rest of the world. At 5% interest, these amounts will generate rev- enue approximately equal to the current regular memberships. A discussion was held regarding when the increase would become ef- fective. An amendment was offered, seconded by Frank Clark, to allow anyone to become a Life Member at the current rate until January 1, 1998, PROVIDED that the entire amount must be paid at one time. The amendment was approved, with Milton Friedberg abstaining. The motion to raise the Life Membership per the figures proposed by Ronald Horstman, with the amendment that anyone may become a Life Member at the current rate UNTIL January 1, 1998, by paying the EN- TIRE amount in ONE PAYMENT, passed. A proposed discussion of various investment opportunities for the SPMC funds was skipped, because of the transition from Tim Kyzivat to Mark Anderson. Frank Clark, Judith Murphy and Bob Cochran will explore several pos- sibilities concerning the design and printing of new membership bro- chures/applications. The Board is generally in favor of producing new brochures, but questions regarding the placement of the application in- formation and text will be reviewed. A report will be made by the PCDA Show meeting, if not sooner. NEW BUSINESS Ken McDannel was introduced as the 1929 Nationals Project Coordina- tor, assisted by Frank Bennett. Ken presented the data from past reports, along with information received and processed since he and Frank took over the project. Ken indicated that the response from the membership had been most gratifying, with many new notes reported. Ken also re- ported that Don C. Kelly had contributed much effort and information. Ken stated that Mike Crabb and the Memphis Coin Club had gra- ciously provided a copying machine for the SPMC table, where SPMC members could make copies of selected sections of the latest report. Ken recently requested that he be relieved of the Coordinator's postion, and Frank Bennett agreed to take on the position. Bob Cochran pro- posed that Ken McDannel be named Honorary Coordinator, which passed unanimously. Wendell Wolka announced the formation of a Past President's Com- mittee, which will be available to assist the sitting president with issues. Wendell mentioned several areas for study, including membership (re- cruiting and retention) and regional/national activities. Dean Oakes announced that he had earlier proposed that Judith Murphy be appointed to the position of Activities Coordinator. Judith will be responsible for planning and coordinating SPMC activities at national and regional events, such as meetings, educational presenta- tions/speakers, bourse table, etc. The Board welcomed the appointment! Wendell Wolka proposed a commendation, seconded by Milton Friedberg, for Dean Oakes for his contributions to the SPMC and his efforts on the Society's behalf. The motion passed unanimously. The meeting was adjourned at 9:35 A.M. Bob Cochran, Secretary Paper Money Whole No. 191Page 168 IN MEMORIAM George D. Hatie, SPMC charter member, legal counsel and past president of the ANA, passed away on June 26 in Grosse Pointe, Michigan at age 87. Born in Detroit, Mr. Hatie received his law degree from the Detroit Law School in 1933. He joined the Cross, Wrock law firm in 1936 and remained for 61 years. He was made a partner in 1945. George received the ANA Farran Zerbe Memorial Award in 1982; the Medal of Merit in 1992; the Glenn Smedley Award in 1993; the Lifetime Achievement Award in 1994; and was inducted into the ANA Hall of Fame in 1996. As most collectors, George pursued a variety of col- lecting interests. He assembled and wrote about his col- lection of U.S. obsolete notes with images of coins on them. George held offices in many of the clubs to which he belonged: the Token and Medal Society, Central States Numismatic Society, Detroit Coin Club, Michigan State Numismatic Society, and the Paper Money Collectors of Michigan. Community organizations in which George held office included the Michigan Humane Society, the American Humane Association, the Kidney Foundation of Michi- gan and the Girl Scouts of Metropolitan Detroit. George Hatie was a gentleman and always had a smile on his face. He was generous with his time and advice. His friendly manner will be missed at numismatic gath- erings. (Editor) SPMC Publishes Kentucky Obsolete Notes & Scrip The Society of Paper Money Collectors, Inc. (SPMC) is accepting orders for the latest in its series of Wismer Project books—Kentucky Obsolete Notes and Scrip. This is the first state book published by SPMC since Matt Rothert's Arkansas book in 1985. The original text of this book was written by Earl Hughes, with additional material and editing by Steven K. Whitfield and others. Glenn Martin graciously allowed many notes from his collection to be used for illustra- tions. To minimize printing costs, the Society has chosen to publish the book in softcover form, or unbound for those who wish to have their copy hardbound at a bindery. The dimensions, 81/2 x 11, and cataloging scheme of the book will follow previous Wismer Project books published by the Society. The price of each copy is $29.95—prepaid. Dealer lots of 12 copies are priced at $240.00—prepaid. THESE PRICES INCLUDE SHIPPING. Checks (payable to SPMC) should be sent to the SPMC Treasurer Mark Anderson at 400 Court Street #1, Brooklyn, NY 11231. NO ORDERS WILL BE ACCEPTED AFTER OCTO- BER 31, 1997! The release date of the book is scheduled to coincide with the Professional Currency Dealers Association Show in St. Louis—November 13-15, 1997. mongymart Paper Money will accept classified advertising from members only on a basis of 154 per word, with a minimum charge of $3.75. The primary purpose of the ads is to assist members in exchanging, buying, selling, or locating specialized 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, 014 45231 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) 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 55C SASE; MPC, Philippine Guerilla, Japanese invasion, world coins-paper-stamps, U.S. coins-paper-stamps, Confederate, obsoletes, FRN, stocks-bonds. 702-753-2435. Edward B. Hoffman, P.O. Box 6039- 5, Elko, NV 89802-6039. (192) OLD STOCK CERTIFICATES! Catalog plus 3 beautiful certificates $6. Also buy! Ken Prag, Box 14817-PM, San Francisco, CA 94114. (415) 586-9386. (198) MASSACHUSETTS LARGE- AND SMALL-SIZE NATIONAL BANK NOTES WANTED from Buzzards Bay, Edgartown, Falmouth, Harwich, Hyannis, Nantucket, Tisbury, Provincetown and Yarmouth. Frank Bennett, P.O. Box 8722, Port St. Lucie, FL 34985. (197) WANTED: Bank/Banking Histories, Bankers' Directories for personal library. Will send my "want" list, or offer what you have. Bob Cochran, Box 1085, Florissant, MO 63031. DALLAS, TX NATIONAL BANK NOTES WANTED, large or small. Frank Clark, P.O. Box 117060, Carrollton, TX 75011. (A) SPMC Slide Presentation A History of Paper Money, a slide presentation and script, pre- pared by Gene Hessler for the SPMC, may be borrowed by members from the librarian, Roger Durand. This 63-slide pro- gram is an excellent way to introduce people to the joy of col- lecting paper money. Multiple sets have been made. Nevertheless, there could be a waiting period. So, place your order well in advance of the date you require the slides. .r_.,)J.:0_14.(tizailleg.slcat R929443 .040.14,410.6-4 (C.,):ABbigampashos sir /7%1/ .'11,14 //1 6e/, r I i N929443 a.' "' 447,e Xwce , 4.0i/c/7.,.6/ /X; D70960itY_MABOMiltx wiEwszeraramutzaY IV//, 7,7?, 4 44 r SEft IL Rt CO LD:CE RT. Fl CATE • 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, 0I-I 45322 937-898-0114 Page 170 Paper Money Whole No. 191 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 - Errors — Star Notes — Checks Confederate — Obsolete — Hawaiiana — Alaskiana Early Western — Stocks — Bonds, rte. Comprehensive Catalog of U. S. Paper _cm LARGE.S12E ONE HUNDRED DOLLAR NOTES Siherl ertiRroteaNchs. IxIH1 t■ 1.1 277 design info values 11.• valuable data exasramon. great illustrations insider's info American Automotive Stock Certificates Lawrence Falater kmatkiakg,: M„,,§74y!-!tio : immt4v7-4,4y poRT MOTOR CAR COMPANY24, • CHICANO VELUM CAB COMPARY.1 Paper Money Whole No. 19] Page 171 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 • • 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 $40 UN IR 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 Page 172 Paper Money Whole No. 191 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 ..r•Ar.sam> William Youngerman, Inc. Rare Coins & Currency "Since 1967" P.O. Box 177, Boca Raton, FL 33429-0177 alf c oe ,,,,,,„ EARLY ,e - ,.4. ,.,..., tI AMERICAN i. i f NUMISMATICS \ ., '4-...4., ' . *619-273-3566 COLONIAL & CONTINENTAL CURRENCY SPECIALIZING EV: SERVICES: q Colonial Coins q Portfolio q Colonial Currency Development q Rare & Choice Type q Major Show q EARLY Coins Coverage q Pre•1800 Fiscal Paper a Auction We maintain the LARGEST ACTIVE INVENTORY IN THE WORLD! o SEND US YOUR WANT LISTS. FREE PRICE LISTS AVAILABLE. AMERICAN NUMISMATICS C/0 Dana Linea q Encased Postage Stamps Attendance ■ P.O. Box 2442 ■ LaJolla, CA 92038 ■ 619 -273 -3566 Members: Life ANA, CSNA-EAC, SPMC, FUN, ANACS MAMMAtato le 464044406,4140a 49.n, DON'T RISK YOUR COLLECTION STORE IT IN MYLARTM! Oregon Pioneer Albums & Sleeves SafeKeeper Albums Safe Deposit Box Size Post Binder Format 50 MYLARTM Pages Black Leatherette Cover 6 Sizes in Stock: For Currency of all Types including Checks, Large US, Small US, World, Postcards, Fractionals, etc. Flexible Albums Inexpensive 25 MYLARTM Pages Durable Flexible Cover Plastic Spiral Binding Compact & Lightweight 4 Sizes in Stock: For Checks, Stock Certificates, Postcards, Fractionals, etc. Custom Albums Available Many Sizes of MYLARTM Sleeves Also In Stock Call, Write or Fax Now for Information Your Complete Satisfaction Guaranteed OREGON PAPER MONEY EXCHANGE 6802 SW 33rd Place Portland, OR 97219 (503) 245-3659 Fax (503) 244-2977 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 Paper Money Whole No. 191 Page 173 911434,.„ Third Edition by Don. C. Kelly The third edition of this standard reference on America's Home Town Paper Money has been updated and expanded. With over 600 pages and 200 illustrations, there are many new features, including chapters on uncut sheets, error notes, and counterfeits. Realistic evaluations and detailed population reports based on a census of nearly 200,000 nationals tell you how many notes have survived and what they're worth. Maps of each state show the locations of all towns which had note-issuing national banks. List Price: $100. SPMC members should be able to buy at a discount from many of the distributors listed below. See Gene Hessler's review on p 91 of the May/June 1997 issue of Paper Money. Allen's 399 South State St Westerville, OH 43081 (800)848-3966 Brooklyn Gallery P 0 Box 090-146 Brooklyn, NY 11209 (718)745-5701 Classic Coins P 0 Box 95 Allen, MI 49227 (517)869-2541 Commercial Coin 1611 Market St Camp Hill, PA 17011 (717)737-8981 Denly's of Boston 75 Federal St Rm 620 Boston, MA 02205 (800)443-3659 Emporium Coin P 0 Box 606 Moorhead, MN 56560 (800)248-9751 R A Glascock 120 Remount St San Antonio, TX 78218 (210)655-2498 Hartville Coin Exch 1015 Edison St Hartville, OH 44632 (330)699-3952 Fountain Square Stamp & Coin 27 Fountain Square Plaza Cincinnati, OH 45202 (513)621-6696 Hamp's Supply 9440 Old Katy Rd Suite 121 Houston, TX 77055 (800)258-8906 Harlan Berk, Inc 31 North Clark St Chicago, IL 60602 (312)609-00)6 David Hollander 406 Viduta Place Huntsville, AL 35801 Lake Region Coin & Currency P O Box 48 Devils Lake, ND 58301 (701)662-5770 Las Vegas Rare Coin Galleries 3661 So Maryland Pkwy 9N Las Vegas, NV 89109 (702)732-8192 Louisville Numismatic Exch 527 South 3rd St Louisville, KY 40202 (502)584-9879 Lyn F Knight P O Box 7364 Overland Park, KS 66207 (913)262-7860 Metro Wholesale Supply 7880 A Washington Blvd Elk Ridge, MD 21227 (410)799-11 I 1 NICS 122 South Grove Elgin, IL 60120 (847)695-0110 (847)695-0127 Numismatic & Philatelic Arts PO Box 9712 Santa Fe, NM 87504 (505)982-8792 William Panitich 855 Central Ave #103 Albany, NY 12206 (518)489-4400 Paper Money Institute P O Box 85 Oxford, OH 45056 (513)523-6861 Pollard's Coin & Stamp 5220 E 23rd St Indianapolis, IN 46218 (317)547-1306 Rare Coin Inv 22033 Kelly Rd Eastpointe, MI 48021 (810)773-9540 Stanley Morycz P 0 Box 355 Englewood, OH 45322 (937)898-0114 SilverTowne P 0 Box 424 Winchester, IN 47394 (800)788-7481 Stone Mountain Supply 6820 Meadowridge Ct Suite A5 Alpharetta, GA 30202 (770)886-3418 Toledo Coin Exch 5590 Monroe St Sylvania, OH 43560 (419)885-3444 William Youngerman P 0 Box 177 Boca Raton, FL 33429 (800)327-5010 Buying & Selling National Bank Notes, Uncut Sheets, Proofs, No. 1 Notes, Gold Certificates, Large-Size Type Error Notes, Star Notes. Commercial Coin Co. PO. Box 607 Camp Hill, PA 17001 Phone 717-737-8981 Life Member ANA 639 'N.sariermmi, C O3 CI PENNSYLVANIA NI OM, PAY,70 THE FtEAREP ON 001.0 1111.1 DOLLAIRS FOOD126A THE CAMP HILL NATIONAL Bilk CAMP HILL PHILLIP B. L CONFEDERATE STATES OF AMERICA, Avidly Buying and CONFEDERATE AUTOGRAPHS, PHOTOGRAPHS, Docu SLAVE PAPERS, U.C.V., OBSOLETE BANK NOl Superb. Friendly Service. Displaying a QUARTERLY PRICE LISTS: $8 ANNUALLY WANT LISTS INVITED APPRAISALS BY FEE. AMB, LTD. HISTORICAL CONNOISSEUR Selling MENTS, TREASURY NOTES AND BONDS, ES, AND GENERAL MEMORABILIA. many major trade shows. PHILLIP B. LAMB P.O. Box 15850 NEW ORLEANS, LA 70175-5850 504-899-4710 4401M144141..41440:V.MAI 67431 w. 20 67431 o P.7■007. N114 :11, 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 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 Page 174 Paper Money Whole No. 191 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 51/2 x 3 1 /16 17.50 32.50 148.00 275.00 Small Currency 65/8x 2 7 /8 17.75 34.00 152.00 285.00 Large Currency 7 7/8x 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 83/4x 14 1 /2 $13.00 $60.00 $100.00 $230.00 National Sheet Side Open 8 1 /2x 17 1 /2 25.00 100.00 180.00 425.00 Stock Certificate End Open 91/2x 12 1 /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 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 SEND FOR OUR COMPLETE PRICE LIST FREE COIN SHOP EST 1960 INC "1160:914.aufht- 399 S. State Street - Westerville, OH 43081 1-614-882-3937 1-800-848-3966 outside Ohio LJfe Member 7.,IggloglIKluar_088giyiecmpfa8wRk,rawraiwzczattsEA Airii -0101104.1iiAtectlik 1 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 40#014#001NPAI A6381 waft 1-:*-1Vt1W141WAVota=ttettlw 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 PO. BOX 69 SEYMOUR, TN 37865 (615) 428-3309 LM-120 ANA 640 FUN LM90 Paper Money Whole No. 191 Page 175 WORLD PAPER MONEY specialized in Poland, Russia a E.Europe visit us: http://wellidirect.comt-pmoney/index.html uy & Sell Free Price List( Tom Sluszkiewicz P.O.Box 54521, Middlegate Postal BURNABY B.C. CANADA V5E 4J6 It WANTED WISCONSIN NATIONALS 41111MSEISMalli.sripMilarolgqiitionniptillINPM117 X3477731-1 Ziszett"."'"-€s 5779 z '2illeC;1,,aect •,1 C. Keith Edison P.O. Box 845 Independence, WI 54747-0845 (715) 985-3644 FAX (715) 985-5225 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 176 Paper Money Whole No. 191 • INC. P.O. BOX 84 • NANUET, N.Y 10954 BUYING / SELLING: 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 / $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 MMMMMMMMMMMMMMMM •••••••••••••• ■ ■ NOTES ■■ ■ ■ •• ■Also C5A, Continental & Colonial, Stocks & ■ • Bonds, Autographs & Civil War Related ■ ■ ■ ■ Material. ■ ■ a 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 ■ ninirsair MIKELaralAlala a • +wt. :11(mtiezin National !lank 1711ZILIC It , „ , „ '4408- :"..•21:41:441*Cr4,0/40% , l k I la; - An Interest Bearing $5,000 Proof Note realized $11,000 An Uncirculated Lazy Two $2 note from the State of Missouri, Town of California realized $4,840. • I ealize Top Market Price for Your Paper Money • Highlights from the April 1997 Louis E. Eliasberg, Sr., Collection A cut sheet of four $10 Legal Tender notes. F-123 in Average New to Choice New realized $17,600. A $5 Federal Reserve Bank note. F-782* in EF realized $7,150. The currency market is hot! In recent months we have seen a tremendous amount of buying activity and invite you to jump on the bandwagon. Con- sider selling your important notes and currency items in our upcoming auc- tion to be held in conjunction with the November Suburban Washington/ Baltimore Convention. The same bidders who helped set the world record prices in our recent sales (March in Baltimore and the Eliasberg sale in April), will compete for your currency items as well. Call Dr. Richard A. Bagg toll- free at 1-800-458-4646 to reserve a space for your material. It may well be the most financially rewarding decision you have ever made. Highlights from the March 1997 Halpern & Warner Collection A $100 One- Year Note, believed to be unique, realized $8,250 Auctions by Bowers and M • •_ • A $10 Silver Certificate. F-1700 in Gem New realized $8,800. FAX: 603-569-5319 • Box 1224 • Wolfeboro, NH 03894 • 800-458-4646 • Coven 1650•11960 • 230 issuing authorities • 18,000 notes listed • 5,000* original photos • Market valuations in up to three grades 6th edition STANDARD CATALOG OF United States Paper lvtopey ' Pain.n I. Minh, &la« WsnOtta SANK NOM ,r ULItat d *WU • 2162421031111 COOSSZNUT • 01013M113023211. MUM po•mis•mani OnfOLOPIS • IMAM PCvum miupotta Jumps 0030130NOSSO23111313.11S •fftE•C IVO WAS 12.3. maims • •11186 iO diffelnaTICITV Krause Publication Credit Card Calls TOLL-FREE 800-258-09 Dept. P7NS Monday-Friday, 7 a.m. - 8 p.m. Saturday, 8 a.m. - 2 p.m., CST Visit our web site: THE BEST KEEP GETTING BETTER! NEW EDITIONS FROM KRAUSE PUBLICATIONS hdefd general issues eoltintei*W' byr /116eIll • Colin I, Fdi•nre N EDM Lasting all legal tender of nnnenal governments Standard Catalog 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 information for more than 18,000+ listings from 230 note-issuing authorities are compiled. This new edition contains the latest updates and most accu- rate listings in the field. The only English language reference for pre-1960 international bank notes. Recognized by hobbyists as the leading world paper money reference. 81/2x11 Hardcover • 1,072p • 10,000 photos • PM08 $55.00 Standard Catalog of U.S. Paper Money by Chet Krause & Bob Lemke, Bob Wilhite, Editor Put the latest values for more than 5,000 pieces of U.S. currency at your fingertips the next time you buy or sell. More than 600 clean sharp photos help you iden- tify the notes of importance to you. Covers more than 184 years of U.S. paper money, including all new issues through the 1997 series. Not just a price guide, it's an encyclopedia reference to U.S. currency and national bank notes by type and signature variety. A "must" for U.S. paper money collectors. 81/2x11 SC • 248 pages • 600 b&w photos • SP16 $24.95 (Available 9/97) r CI Please Send Me The Following Titles QTY TITLE CODE PRICE TOTAL Standard Catalog of U.S. Paper Money SP16 $24.95 Standard Catalog of World Paper Money PM08 $55.00 Name Shipping Subtotal AddreSS Tax City State Zip Total Phone q Payment Enclosed Card qNo. MasterCard q VISA Expires: Mo. Yr. Discoverq Signature q American Express Complete and mail payment to: Shipping: $3.25 1st book; $2 ea. add'I. Foreign Krause Publications addresses $10 1st book; $5 ea. add'I. Call for Book Department P7NS Overnight or UPS delivery rates. 700 E. State St. , Iola, WI 54990-0001 Sales tax: WI residents, 5.5%, IL residents. 7.75%. L