Paper Money - Vol. XXXVIII, No. 5 - Whole No. 203 - September - October 1999

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AEY VOL. XXXVIII, No. 5 WHOLE NO. 203 SEPTEMBER/OCTOBER 1999 INSIDE THIS ISSUE: A Portrait of Revolutionary War Hero John Stark _itopa lir TIMM iCi• - : TELE, STARK BANK / ( // // , ///////f atta-Kysysta. /$ • fficial Journal of the Society of Paper Money Collectors ,"( 6 innaitiOga 1//- , ' TWO DOLLARS The Northeast Most Important Currency Show FOURTH ANNUAL STRASBURG PAPER MONEY COLLECTORS SHOW September 16-19, 1999 The Northeast's most important paper money show is scheduled for Thursday, September 16 to Sunday, September 19, 1999, at The Historic Strasburg Inn, Route 896, Strasburg, Pennsylvania. The show's sponsor, R.M. Smythe & Co., Inc., will conduct two major currency auctions on Friday, September 17, and Saturday, September 18 at 8:00 P.M. (catalogue $20). Other highlights of the show include more than 35 dealers, free parking, a joint breakfast meeting of the Society of Paper Money Collectors and the Currency Club of Chester County, a meeting of the American Society of Check Collectors, and a special numismatic exhibition courtesy of John and Nancy Wilson. SHOW HOURS Thursday, September 16, 2:00 P.M.-6:00 P.M. (Professional Preview—$25 charity donation) Friday, September 17, 10:00 A.M. – 6:00 P.M. (General public—no charge) Saturday, September 18, 10:00 A.M.-6:00 P.M. (General public—no charge) Sunday, September 19, 10:00 A.M. – 2:00 P.M. (General public—no charge) Dealers participating in the Strasburg Paper Money Collectors Show include: David Amey • Bob Azpiazu • Dick Balbaton • Frederick J. Bart • Keith & Sue Bauman • Dave Berg • Chris Blom Carl Bombara • C.E. Bullowa • Glen Burger • Dave Cieniewicz • Paul Cuccia • A.P. Cyrgalis • Tom Denly Tom Durkin • Steve Eyer • Larry Falater • Don Fisher • John Hanik • Harry Jones • Glen Jorde • David Koble Ed Kuszmar • Bob Kvederas • Art Leister • Larry Marsh • Leo May • Steve Michaels • Marc Michaelson Claud & Judith Murphy • J.C. Neuman • V.H. Oswald • John Parker • Huston Pearson • Alex Perakis Tony Pisciotta • Sergio Sanchez • John Schwartz • Robert Schwartz • George Schweighofer • R.M. Smythe & Co. Daryl Spelbring • Dave Strebe • Dave Stouffer • Bob Vlack • Barry Weider For hotel room reservations contact The Historic Strasburg Inn, Strasburg, Pennsylvania 800 -872 -0201, 717 -687 -7691 Fax 717-687 -6098 Strasburg is 20 minutes from Lancaster, PA; one hour from Philadelphia; and 21/2 hours from New York City. Auction consignments are being accepted through July 16, 1999 Contact Steve Goldsmith, Douglas Ball, Martin Gengerke, or Kevin Foley to discuss your material. Contact Mary Herzog for show information or to order a catalogue ($20). C Ft.m.SmyrHE R.M. Smythe & Co., Inc., 26 Broadway, Suite 271, New York, NY 10004-1701 800-622-1880, 212-943-1880 Fax 212-908-4047 PAPER MONEY • September/October 1999 • Whole No. 203 129 PAPER MONEY is published every other month beginning in January by the Society of Paper Money Collectors (SPMC). Second-class postage is paid at Dover, DE 19901. Postmaster send address changes to Secretary Fred L. Reed P.O. Box 793941, Dallas, TX 75379-3941. Society of Paper Money Collectors, Inc., 1999. All rights reserved. Reproduction of any article, in whole or in part, without express written permis- sion, 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 will be sent postpaid. Send changes of address, inquiries concerning non-delivery of PAPER MONEY and requests for additional copies of this issue to the Secretary. MANUSCRIPTS Manuscripts not under consideration elsewhere and publications for review should be sent to the Editor. Accepted manuscripts will be published as soon as possible; however, publication in a spe- cific issue cannot be guaranteed. Opinions expressed by authors do not necessarily reflect those of the SPMC. Manuscripts should be typed (one side of paper only), double-spaced with at least 1-inch mar- gins. The author's name, address and telephone number should appear on the first page. Authors should retain a copy for their records. Authors are encouraged to submit a copy on a 3'/2-inch MAC or DOS disk, identified with the name and ver- sion of software used. A double-spaced printout must accompany the disk. ADVERTISING All advertising copy and correspondence should be sent to the Editor. To keep rates at a mini- mum, all advertising must be prepaid according to the schedule below. In exceptional cases where special artwork or additional production is required, the advertiser will be notified and billed accordingly. Rates are not commissionable; proofs are not supplied. Advertising Deadline: Copy must be received by the Editor no later than the first day of the month preceding the cover date of the issue (for exam- ple, February 1 for the March/April issue). With advance notice, camera-ready copy will be accepted up to three weeks later. ADVERTISING RATES Space 1 time 3 times 6 times Outside back cover $152 $420 $825 Inside cover 145 405 798 Full page 140 395 775 Half page 75 200 390 Quarter page 38 105 198 Eighth page 20 55 105 Requirements: Full page, 42 x 57 picas; half-page may be either vertical or horizontal in format. Single-column width, 20 picas. Page position may be requested, but cannot be guaranteed. Advertising copy shall be restricted to paper cur- rency and allied numismatic material and publi- cations, and related accessories. The SPMC does not guarantee advertisements, but accepts copy in good faith, reserving the right to reject objec- tionable material or edit copy. The SPMC assumes no financial responsibility for typographical errors in advertisements, but agrees to reprint that portion of an advertisement in which a typographical error should occur upon prompt notification of such error. Paper Money Official Bimonthly Publication of The Society of Paper Money Collectors, Inc. Vol. XXXVIII, No. 5 Whole No. 203 SEPTEMBER/OCTOBER 1999 ISSN 0031-1162 MARILYN REBACK, Editor, P.O. Box 1110, Monument, CO 80132 IN THIS ISSUE FEATURES A Portrait of John Stark 131 by Marvin D. Ashmore Bank Happenings 137 submitted by Bob Cochran Some Women Who Made a Difference 138 by Gene Hessler The Buck Starts Here 147 by Gene Hessler About Texas Mostly 148 by Frank Clark The Green Goods Game 151 conducted by Forrest Daniel SOCIETY NEWS Information & Officers 130 Call for Nominations 137 The President's Column 151 by Frank Clark New Members 153 Money Mart 154 Advertisers 156 ON THE COVER Remembered as the commander of the New Hampshire militia at the 1777 Battle of Bennington, Vermont, John Stark is portrayed on bank notes (page 131). 130 September/October 1999 • Whole No. 203 • PAPER MONEY Society of Paper Money Collectors The Society of Paper Money Collectors (SPMC) was organized in 1961 and incorporated in 1964 as a non-profit organization under the laws of the District of Columbia. It is affiliated with the American Numismatic Association. The annual SPMC meeting is held in June at the Memphis IPMS (International Paper Money Show). Information about the SPMC and its activities can be found on its Internet website . MEMBERSHIP—REGULAR and LIFE. Applicants must be at least 18 years of age and of good moral charac- ter. Members of the ANA or other recognized numis- matic societies are eligible for membership; other applicants should be sponsored by an SPMC member or provide suitable references MEMBERSHIP—JUNIOR. Applicants for Junior mem- bership must be from 12 to 18 years of age and of good moral character. Their application must be signed by a parent or guardian. Junior membership numbers will be preceded by the letter 'j," which will be removed upon notification to the secretary that the member has reached 18 years of age. Junior members are not eligible to hold office or vote. DUES—Annual dues are $24. Members in Canada and Mexico should add $5 to cover postage; mem- bers throughout the rest of the world add $10. Life membership—payable in installments within one year—is $500, $600 for Canada and Mexico, and $700 elsewhere. Members who join the Society prior to October 1 receive the magazines already issued in the year in which they join. Members who join after October 1 will have their dues paid through December of the following year; they also receive, as a bonus, a copy of the magazine issued in November of the year in which they joined. OFFICERS MEMBERSHIP DIRECTOR Frank Clark, P.O. Box 117060, Carrollton, TX 75011-7060 569, PAST PRESIDENT Bob Cochran, P.O. Box 1085, Florissant, MO 63031 1929 NATIONALS PROJECT COORDINATOR David B. Hollander, 406 Viduta PI, Huntsville, AL 35801-1059 WISMER BOOK PROJECT Steven K. Whitfield, 14092 W. 115th St., Olathe, KS 66062 PRESIDENT Frank Clark, P.O. Box 117060, Carrollton, TX 75011-7060 VICE-PRESIDENT Wendell A. Wolka, P.O. Box Dublin, OH 43017 SECRETARY Fred L. Reed III, P.O.Box 793941, Dallas, TX 75379-3941 TREASURER Mark Anderson, 335 Court St., Suite 149, Brooklyn, NY 11231 APPOINTEES: EDITOR Marilyn Reback, P.O. Box 1110, Monument, CO 80132 CONTRIBUTING EDITOR Gene Hessler, P.O. Box 31144, Cincinnati, OH 45231 LEGAL COUNSEL Robert J. Galiette, 3 Teal Ln., Essex, CT 06426 LIBRARIAN Richard J. Balbaton, P.O. Box 911, North Attleboro, MA 02761 BOARD OF GOVERNORS: C. John Ferreri, P.O. Box 33, Storrs, CT 06268 Ronald L. Horstman, 5010 Timber Ln., Gerald, MO 63037 Arri "AJ" Jacob, P.O. Box 361, Los Alamitos, CA 90720-0361 Judith Murphy, P.O. Box 24056, Winston-Salem, NC 27114 Robert Schreiner, 103 Windsor Cir., Chapel Hill, NC 27516-1208 Stephen Taylor, 70 West View Ave., Dover, DE 19901 BUYING AND SELLING CSA and Obsolete Notes CSA Bonds, Stocks & Financial Items 60-Page Catalog for $5.00 Refundable with Order ANA-LM SCNA PCDA CHARTER MBR HUGH SHULL P.O. Box 761, Camden, SC 29020 (803) 432-8500 FAX (803) 432-9958 SPMC LM 6 BRNA FUN f ./X7///////: _ PAPER MONEY • September/October 1999 • Whole No. 203 131 ortra . t Stark BY MARVIN D. ASHMORE j OHN STARK WAS ONE OF THE MOST EFFECTIVE AMERICAN officers of the Revolutionary War. He is best remembered as the commander of the New Hampshire militia at the Battle of Bennington, Vermont in 1777. His portrait was used on bank notes of only two state banks: the Stark Bank in Bennington, Vermont; and the City Bank in Manchester, New Hampshire. The Stark Bank originally was organized in 1846 under the title of the Green Mountain Bank. The title was changed to the Stark Bank under a 20- year charter by the State of Vermont on August 1, 1847. According to the annual report of the bank commissioners of Vermont dated July 1, 1861, the Stark Bank was the only one operating in Bennington at that time. It had one of the smallest amounts of capital ($50,000); owned one of the smallest amounts of real estate ($1,000); and had the smallest amount of total resources ($70,930) of all the banks doing business in the state that year. The total amount of circulation at that time was only $15,712. The earliest officers of the bank were Cashier G.W. Harmon and President David Love. Harmon evidently served as cashier throughout the existence of the bank. Love was replaced by Issac Weeks by 1861. Notes in the earliest issue bear the imprint DANFORTH & HUFTY NEW YORK & PHILADA. A later issue of the same design with the imprint changed to AMERICAN BANK NOTE CO. NEW YORK probably was issued as early as 1858. All denominations carried a portrait of John Stark. Only six denomina- tions were issued: $1, $2, $5, $10, $20 and $50. Perhaps because of the small amount of circulation, a $100 denomination was deemed unnecessary. With the exception of the $2 produced by either printing firm, all genuine notes issued by the Stark Bank are listed as "SENC," or "surviving example not confirmed," in the Standard Catalog of United States Obsolete Bank Notes 1782-1866 by James A. Haxby. However, two proof sheets in denominations of $1, $1, $2, $5, and $5, $10, $20, $50 with the imprint of Danforth and Hufty are known from the American Bank Note Company archives. A $1 note issued by the Stark Bank of Bennington, Vermont (Haxby VT-15/G2), dated January 1, 1851, and printed by the firm of Danforth and Hufty. COLLECTION OF MARVIN D. ASHMORE 132 September/October 1999 • Whole No. 203 • PAPER MONEY A $10 proof note of the City Bank of Manchester, New Hampshire (Haxby NH-175/G10), printed by Danforth, Wright and Company. COURTESY WARREN HENDERSON Earlier researchers of obsolete bank notes identified the female portrait on the $2 as that of Abby Hutchinson (her name evidently was acquired from con- temporary counterfeit detectors). The portrait actually is that of Kate Sevier, wife of John Sevier, the first governor of Tennessee. The rarity of the Stark Bank issues may be explained by the small circula- tion and redemption of the issued notes. Banks in Vermont were subject to more strict legal regulations than many institutions doing business elsewhere. Vermont law as applied to the Stark Bank required 10 percent of its profit to be paid to the State Treasury, and 4 1 /2 percent of its capital to the State Treasury as a degree of protection should the bank become insolvent. Since the Stark Bank did not seek a National Bank charter, it became one of many financial institutions forced to close by the National Currency Act of 1865. Redemption of the outstanding circulation was guaranteed by the requirement of the directors to deposit bonds with the State Treasurer. As required by law, the bank published notice that its outstanding circulation would be redeemed until August 1, 1868, the end of its 20-year charter. The bank notes issued by the Stark Bank in Bennington, Vermont, and the City Bank in Manchester, New Hampshire, are adequately described in the well-known pioneer references by David C. Wismer and Mayre Burnes Coulter. They are most accurately described in James A. Haxby's Standard Catalog of United States Obsolete Bank Notes, 1782 - 1866. A $10 bank note depicting John Stark was issued by the City Bank in Manchester, New Hampshire, beginning in 1853. The portrait used on this note is identical to that used on the issues of the Stark Bank. The identity of the engraver of the Stark portrait is uncertain, but it may have been the work of Mosely I. Danforth. The plates for notes of both banks evidently were in the possession of Danforth, Perkins and Company, the successor firm of Danforth, Wright and Company, when the former became a member of American Bank Note Company (ABNCo). The earliest issues of the City Bank—denominations of $1, $2, $3, $5, $10, $20, $50, $100 and $500—bear the imprint DANFORTH, WRIGHT & CO. Notes of the same design with a protective, brown-orange tint in micro-letter- ing were printed by the American Bank Note Company and also have the ABNCo monogram. The entire issue of the City Bank, with exception of the $2 note printed by ABNCo, is listed as SENC in the Haxby reference, but some proof impres- sions are known to have survived in the ABNCo archives. Only single-note proofs of each denomination—including the $50 and $100 on one proof sheet printed from the Danforth, Wright.and Company plates—are known from the 1101;14111 $ .a10.4r.Ziblt.ett.Z2, 774 / -2.(V ,V;:i4;.0/W PAPER MONEY • September/October 1999 • Whole No. 203 133 A $10 proof note of the City Bank of Manchester, New Hampshire (Haxby NH-175/G10b), printed by American Bank Note Company. COURTESY WARREN HENDERSON archives. Only a single proof $10 note and one proof sheet of the $50 and $100 of the tinted variety printed by the American Bank Note Company are known from the archives. The City Bank was organized in 1853 and reorganized under the National Currency Act of 1863 as the City National Bank, receiving charter number 1520. Its name was changed to the Merchants National Bank of Manchester, continuing the same charter number, in 1880. National Bank notes were issued under both names. John Stark JOHN STARK WAS BORN ON AUGUST 28, 1728, AT LONDONDERRY, New Hampshire. He was the son of Presbyterian Irish parents, Archibald Stark and his wife, Elinor Nichols. Archibald was Scotch and lived in Ulster County, Ireland, before emigrating to New Hampshire in 1720. John Stark's family moved to Derryfield, now the City of Manchester, when he was a small boy. John became an expert woodsman and an accomplished Indian fighter at a young age. He gained valuable experience as a guide for expeditions into the remote wilderness and developed a strong physique—all qualities that helped him endure the challenges of the frontier and life as a soldier. He was of medi- um height with light blue eyes, a strong nose, high cheekbones, and thin, set lips. In 1758 he married Elizabeth Page. During the French and Indian War, Stark served with Rogers Rangers under General Jeffery Amherst in a raid against the St. Francis Indians at Crown Point, and in the British attack on Ticonderoga in July 1759. Stark later would use the tactics and military maneuvers learned while in Rogers Rangers against the British in a different war. Stark left British service following Amherst's victory and returned to a life of farming. He was one of the founders of the township of Starkville, later renamed Dunbarton. With the news of the battle of Lexington and Concord, Stark was anxious to lend his military skills to the gathering Continental forces. He was appoint- ed colonel of the 1st New Hampshire regiment of 800 men assembled at Medford to aid Massachusetts. A few weeks earlier, the British had offered him the rank of a full colonel, which he contemptuously refused. On June 17, 1775, Stark's regiment participated at the battle of Bunker Hill (which actually was fought on Breed's Hill). The regiment had already gained a reputation as tough frontiersmen. Without uniforms and adequate arms, it defended the rail-fence breastwork between the Mystic River and the American fortifications on Breed's Hill. Stark's men laid a disastrous fire upon September/October 1999 • Whole No. 203 • PAPER MONEY134 Major General John Stark LIBRARY OF CONGRESS the attacking British light infantry. Unsuccessful assaults on Stark's men led the British to try the more heavily defended fortifications on Breed's Hill. The result was that the British won the field, but at a cost of 1,150 casualties (207 killed, a large percentage of them officers). On the American side, casualties numbered 441, with approximately 140 dead. The British were halted in their attempt to break out of Boston, and it was about a year before they could begin another offensive. One of Stark's sons, Caleb, was an ensign in his father's regiment at Bunker Hill at only 15 years of age; he attained the rank of brigade major by the end of the Revolution. His brother William also served in Rogers Rangers during the French and Indian War, but was refused command of a regiment following the battle of Lexington and Concord. He defected to the British and died as a result of a fall from a horse in 1776. Stark also participated in the siege of Boston under General George Washington. After the British evacuated the city in April 1776, Stark helped prepare the defense of New York City as a colonel of the 5th New Hampshire, a Continental regiment. In May 1776, he left New York to assist reinforcing troops at Quebec, and he partici- pated in the subsequent retreat of American forces from Canada. On November 8, 1776, Stark was commis- sioned a colonel of the 1st New Hampshire regiment of the Continental Army, and in December he led the vanguard of Washington's army in the victory at Trenton, New Jersey. He also fought at the battle of Princeton in January 1777, but in March he resigned his commission when junior officers were promoted as generals over his head, returning to his New Hampshire farm. Stark's stay at home was brief. Soon he was elected to the rank of brigadier general of the New Hampshire militia. More than 1,400 troops were assembled to assist the Vermont Republic in opposing an threatened invasion from Canada led by General John Burgoyne. The Vermont Council of Safety correctly believed one of Burgoyne's objectives was a raid into the region west of the Hudson River. The Council appealed to the New Hampshire and Massachusetts provinces for assistance. Vermont was sparsely settled and for the most part unprotected from the British. Burgoyne's army had already arrived in the province of New York in July 1777. The New Hampshire brigade arrived at Manchester, Vermont, where Stark conferred with Major Generals Benjamin Lincoln and Phillip John Schuyler. A conflict arose between Stark and Schuyler when the latter ordered him to march to the Hudson River to join the main army. Stark refused, arguing that he had agreed only to command the militia, and he was responsible solely to the New Hampshire legislature, not the Continental Congress. As a result, Stark was charged with insubordination by the Continental Congress. PAPER MONEY • September/October 1999 • Whole No. 203 135 Although known for his quick temper and stern, uncompromising nature, Stark may have had other reasons for refusing to obey Schuyler. Having been passed over for promotion in the Continental service was still very fresh in his memory. Schuyler, although later exonerated by court martial, had been blamed for incompetency in the defense of Ticonderoga early in July, and his reputation for arrogance probably did not help matters. Whether Stark was right was a matter of controversy, but no one ever said he was not a man of courage, ability and principle. Generals Lincoln and Schuyler chose not to press the matter; Stark received only a reprimand sent to the New Hampshire legislature. Stark led his militia independent of the regu- lar forces, and at Bennington, Vermont, in August 1777, he won one of the most decisive battles of the Revolution. The British plan was to march on Albany, New York, but with a 185-mile supply line from Canada, the army needed to supplement its supplies by forag- ing on the country and seeking aid from Tories in the area. Burgoyne planned to send an expedition from the Hudson River opposite Saratoga, move east to Arlington, and then cross the Green Mountains to Rockingham on the Connecticut River. The army was to remain there about two weeks to obtain the needed supplies, then go south by the Connecticut River to Brattleboro, then west to rejoin the main army. Lt. Colonel Frederick Baum, Hessian com- mander of the Brunswick Dragoons—an elite part of Burgoyne's army com- posed of approximately 800 troops—was chosen to lead the raid. Baum was unsuccessful in procuring sufficient supplies or much aid from Tories by the time he reached Brattleboro. The Americans had removed or destroyed almost everything in the area of value to the enemy. At Brattleboro, Baum received information that an American military depot was at Bennington and guarded by only 300 to 400 militia. Capturing a quantity of military stores was just what Baum needed, and he began a march west to Bennington. However, the information Baum received was false, the deception probably originating from Stark himself. On August 16, Stark, with about 2,600 troops, intercepted and attacked Baum on the Wallomsac River, about five miles northeast of Bennington, and succeeded in a double envelopment of Baum's entire force. Baum was killed in the fight. Later in the day, Hessian reinforcements under General Breymann sent to assist Baum were met by the timely arrival of Lt. Colonel Seth Warner's Green Mountain Regiment, which assisted Stark in defeating Breymann. On the British side, losses were 207 killed and about 700 captured. According to General Stark's report, American losses were 14 killed and 42 wounded.The bounty to the New Hampshire brigade included four brass can- nons, several hundred muskets, a few rifles, 250 swords and four ammunition wagons. Three days after the battle at Bennington, Stark was commended by the Continental Congress, and on October 4, 1777, he was commissioned a brigadier general in the Continental Army. The victory at Bennington greatly improved American morale and signifi- cantly weakened Burgoyne's army by denying supplies needed for a campaign in New York. This was to be of enormous benefit to the American army at Saratoga in the following months. Stark helped effect the surrender of Burgoyne to General Gates on October 17 after the battles at Saratoga by capturing Ft. Edward and thereby blocking a British retreat across the Hudson River. Stark's service during the remainder of the war is also of interest. He twice commanded the northern department and he served with General Gates in Rhode Island in 1779. He participated in the battle at Springfield in 1780 and, 136 September/October 1999 • Whole No. 203 • PAPER MONEY in the same year, served on the board of general officers in the trial of Major Andre, the British spy. He was brevetted a major general in September 1783. Following the Revolutionary War, Stark retired from military service. Unlike many Continental Army generals, he avoided public office, preferring to tend his farm near Manchester and devote himself to his family of 11 chil- dren. He died on May 8, 1822, at the age of 93. He was buried in a family cemetery on his farm with military honors. In 1829, on the anniversary of the battle of Bennington, a granite obelisk was erected on the site. In the town of Bennington, a 304-foot-tall monument to the battle of Bennington was completed and dedicated in 1891. A numismatic tribute to John Stark is that two historical banking institutions, one of which was named in his honor, issued bank notes bearing his portrait. The issued and well-circu- lated $1 note of the Stark Bank in Bennington, Vermont, and the two varieties of proof $10 notes of the City Bank in Manchester, New Hampshire illustrated here are additions to the few known surviving notes with John Stark's portrait. v Bibliography Boatner, Mark M. III. Encyclopedia of the American Revolution. New York: David McKay Company, Inc., 1966. Christie, Manson, and Woods International, Inc. Important Early American Bank Notes, 1810-187: From the Archives of the American Bank Note Company. Sale Catalog. New York, 1990. Coulter, Mayre Burns. Vermont Obsolete Notes and Scrip. Iola, WI: Krause Publications, 1972. Published for the Society of Paper Money Collectors. The Descriptive Register of Genuine Bank Notes. Anderson, SC: Pennell Publishing Company, 1977. Reprint of 1862 version, New York: Gwynne and Day, Bankers. Durand, Roger H. Interesting Notes About Portraits, II. Rehoboth, MA: R.H. Durand & Company, Ltd. 1997. Fleming, Thomas J. Now We Are Enemies. New York: St Martin's Press, 1960. Harper, Terrence G. Historical Account of Vermont Paper Curreny and Banks. Reprint, originally published in Numismatic Scrapbook Magazine. Haxby, James A. Standard Catalog of United States Obsolete Bank Notes 1782- 1866. Vol. IV. Iola, WI: Krause Publications, 1988. Hodges, Edward M. Hodges American Bank Note Safeguard. Anderson, SC: Pennell Publishing Company, 1977. Reprint of 1865 version. Malone, Dumas, ed. Dictionary of American Biography. Vol. XVII. New York: Charles Scribner's Sons, 1935. Muscalus, John A. An Index of State Bank Notes that Illustrate Characters and Events. Bridgeport, CT. 1938. Rice, Foster Wild. "Antecedents of the American Bank Note Company of 1858." The Essay-Proofjour-nal, Vol. 18, Nos. 71, 72 (1961). Wismer, David C. The Obsolete Bank Notes of New England. Boston, MA: Quarterman Publications, Inc., 1972. Originally published as a series in The Numismatist, official journal of the American Numismatic Association, Aug. 1922-July 1935. PAPER MONEY • September/October 1999 • Whole No. 203 137 --dob--Ti BANK Happenings Submitted by BOB COCHRAN The Gold Standard Act of 1900 B EFORE THE U.S. LEFT THE GOLD STANDARD,Indianapolis played a major role in the country's mone- tary policy. When William McKinley was elected President on a plat- form calling for gold backing for the dollar, the Indianapolis Board of Trade called for a convention on a monetary reform in Indianapolis. A preliminary conference was held, and a major gathering was planned for January, 1897. Chairman of the executive committee for the event was Hugh H. Hanna, member of a banking family at Lafayette, Indiana. A second convention was held in January, 1898. The results of the rhetoric at the meetings, the surveys of businessmen and bankers taken across the nation, and a concentrated lobbying effort, was a new law creating a monetary system based on gold - which was signed by McKinley in March, 1900. (For collectors of National Currency, the Gold Standard Act of 1900 is quite significant. The act also provided for the establishment of national banks with a capital of only $25,000, ushering in what John Hickman often described as "the golden age of main-street banking." Thousands of new banks were chartered in small communities, providing a legacy of many unusual and wonderful town and bank names, "small-change" circulation and, therefore, (often) rare notes, and challenges/ opportunities for all of us who seek these treasures. Call for SPMC Nominations for 2000 The following Society of Paper Money Collectors (SPMC) governors' terms expire in 2000: Mark B. Anderson, Ronald L. Horstman, Judith A. Murphy and Stephen Taylor. If you have suggestions, or if the governors named above wish to run for another term, please notify SPMC President Frank Clark. In addition, candidates may be placed on the ballot in the following manner: 1)A written nominating petition, signed by 10 current members, is submitted. 2) An acceptance letter from the person being nominated is submitted with the petition. Nominating petitions (and accompanying letters) must be received by the president by January 31, 2000. Biographies of the nominees and ballots for the election will be included in the March/April 2000 issue of Paper Money. The ballots will be counted at Memphis and announced at the SPMC general meeting held during the International Paper Money Show. First-time nominees should send a portrait and a brief biography to President Frank Clark. Unless new information is sent for those seeking another term, the same portraits and biographies will be used. 138 September/October 1999 • Whole No. 203 • PAPER MONEY Some Women Who Made a Difference BY GENE HESSLER C ONTINUED FROM THE LAST ISSUE IS A SURVEY OF WOMEN whose achievements have been recognized by having their likeness- es portrayed on paper money. Part I highlighted artists; Part II con- tinued with an actress and a scientist; Part III featured musicians; and Part IV continues with by discussing women who are recognized exclu- sively for their literary creations. PART IV: WRITERS Annette Elisabeth von Droste-Hillshoff LIKE EMILY DICKINSON, ANNETTE ELISABETH VON DROSTE- HULSHOFF (1797-1848) lived her entire life within a small locale. Fraulein Droste-Hiilshoff resided near Miinster in Westphalia, probably with her par- ents. And, as did those of Dickinson, her writing was influenced by her famil- iar, pleasant surroundings. In 1844 a collection of signed poems was published. Das Geistliche jahr (The Spiritual Year), a collection of 72 songs, was printed six years later. The latter included a song for every Sunday and religious holiday. Her only novel was Die Judenbuche (The Youthtree), published in 1842. The images on the back of a Germany 20 Deutsche mark (P46) are symbolic of the work of Annette von Droste-Hfilshoff. 0577528 DAL= -1=— ;t1.111111;11311X WIt1104411, 4+.r.LagRilb..ffPY. .P211~.44-W PAPER MONEY • September/October 1999 • Whole No. 203 139 The portrait of writer Camilla Collett's brother, Henrik Wergeland, appeared on Norway's 100-kroner note (P33 and P38). In death there was retribution for his role in preventing her from marrying the man of her choice: Camilla's portrait replaced that of her brother on the same denomination (P41 and P43), shown here. Camilla Collett THE SISTER OF FAMOUS NORWEGIAN POET HENRIK WERGELAND, writer Camilla Collett (1813-95) fell in love with Johan Welhaven, her broth- er's primary antagonist. Unable to marry the man of h er choice, Collett mar- ried Professor Jonas Collett. She would write of her unhappiness in The Governor's Daughter, Norway's first social novel. The work affected public opinion concerning the role of women in Norway. Two additional works, From Those W'h o Are Silent and Against the Stream, moved the public toward the emancipation of women. A monument to Camilla Collett, by Gustav Vigeland, was erected in Palace Park in Oslo in 1911. Thomasine Christine (Buntzen) Heiberg ANOTHER SCANDINAVIAN AUTHOR, THOMASINE CHRISTINE BUNTZEN (1773-1856), married Peter Andreas Heiberg in 1790. Peter, as well as their son, were writers. Perhaps after being widowed, she married Baron C.F. Gyllembourg-Ehrensvard, and also is known as Thomasine Gyllembourg. She was primarily a short-story writer and is recognized for her Evoyday Stories. The portrait of Thomas- ine Heiberg on this Denmark 1,000 kroner (P53) was created by Danish artist Jens Juel. 140 September/October 1999 • Whole No. 203 • PAPER MONEY To the left of the portrait of Selma Lagerlof on a Sweden 20 kroner (P6) is a reproduc- tion of script in her hand. The first issue of this note mea- sured 130 x 72mm; in 1997 a reduced version measuring 120 x 72mm entered circula- tion. The back of the note depicts , a child on the neck of a snow goose—a scene from Nils Holgersson's Wonderful Journey through Sweden. Selma LagerlOf A SISTER-SCANDINAVIAN, SELMA LAGERLOF (1 8 5 8-1 9 4 0) WAS A native of Sweden. She holds the distinction of being the first woman to be elected to the Swedish Academy. Many of her novels are set in the province of Varmland. In 1909, three years after she wrote the classic work for juveniles, The Wonderful Adventure, Lagerlof received the Nobel Prize for Literature. She is one of two women recipients of the prize whose portraits appear on paper money. Sor Juana Ines de la Cruz ALSO KNOWN PRIMARILY AS A WRITER IS SOR JUANA INES DE LA CRUZ, or, as she was named at birth in San Miguel de Napantla, Mexico, Juana de Asbaje y Ramirez de Santillana (1648-95). In admiration of her talent, many people referred to her as the "Tenth Muse." Juana was brought up by her mother on a hacienda outside Mexico City; she did not know her father. A pre- cocious child, she was able to read at the age of three. When she was eight, she submitted a poem in a contest and won a prize—a book. After a year as a lady-in-waiting to Marquesa de Mancera at the palace of the viceroy, Juana entered the Convent of San Jeronimo because it was the best place to develop her love of poetry and other subjects. The liberal convent allowed her to communicate with outside intellectuals. Juana acted as literary hostess for the convent. Sor Juana wrote essays, dramas and poems. Her 1691 autobiographical essay A Mexico 200 pesos with a portrait of Sor Juana was engraved by Martha Sasian, one of the few women portrait engravers in the world. (A dif- ferent portrait was used on P76, 80, 85 and 109.) PAPER MONEY • September/October 1999 • Whole No. 203 141 Klara Zetkin is honored on a German Democratic Republic 10-mark note (P-28). dealt with women's rights. In Roundels she took men to account for their "blame of women for that which they themselves are the cause." In the same work, this independent nun wrote: "With foolish presumption, you wish to find her whom you seek. Thais when you attempt her and Lucretia when you possess her." (Thais was a courtesan, and Lucretia a virtuous Roman matron.) Some of Sor.Tuana's opinions must have disturbed the male Catholic hierar- chy, for during the last five years of her life, she was denied books, paper and pen. She died in Mexico City on April 17, 1695. According to E. Williamson in The Penguin History of Latin America, she "became the greatest literary figure of the Hispanic world after the death of the spanish playwright Pedro Calderon de la Bosca in 1681" (Williamson 160). Klara Eissner Zetkin BORN IN WIEDERAN, ON JULY 5, KLARA (EISSNER) ZETKIN (1857- 1933) was one of the first women to train at the Leipzig Teacher's College for Women, operated by feminist Auguste Schmidt. In 1881 Klara Eissner joined the Social Democratic Party, where she met Russian Ossip Zetkin, whom she married in Paris in 1882. With their two children, they lived in Paris and Switzerland. Klara became concerned with the rights of women and children, and organ- ized a social democratic women's movement. From 1892 to 1916, she edited Gleichheit (Equality), and in 1907 she founded the International Socialist Women's Congress. As a pacifist, she spoke out against World War I and helped organize the peace conference in Berne in 1915. Klara was a founder of the German Communist Party. She served in the Reichstag and was the last to preside before the fire in 1932. Mary (Cameron) Gilmore DAME MARY (CAMERON) GILMORE (1 8 6 5-1 9 6 2) WAS BORN at Goulburn, New South Wales. Precocious and driven, she became a teacher at the age of 16. She met her husband to be, W.A. Gilmore, at a utopian colony in New Australia in 1897. When the colony disbanded, Mary went to Patagonia and Buenos Aires, where she taught and worked as a journalist. In 1920 she returned to Australia and became a Labour activist and was employed as editor and columnist for the Sydney Worker. Her first poems, which reflected her socialist and feminist beliefs, were pub- lished in 1910. Two autobiographical books, Old Days, Old Ways and More Reflections, were published in 1934 and 1935, respectively. Mary Gilmore received the title Dame Commander of the Order of the British Empire in 142 September/October 1999 • Whole No. 203 • PAPER MONEY Dame Mary Gilmore is pictured on an Australia $10 note (P-51). The paper-thin, polymer plastic has a see-through window at left. 1937. She died in 1962 in New South Wales. She was "a legend in her own lifetime. In her poems and prose recollections she drew on her own memory, longer and more romantic than anyone, longer and more romantic than any- one. . . " (Cambridge Encyclopedia of Australia, 312). Cecilia Meireles CECILIA MEIRELES (1 9 0 1 - 6 4) LOST HER PARENTS soon after she was born in Rio de Janeiro on November 7. Under the care of a grandmother, she became a schoolteacher. Her first marriage to a Brazilian poet ended when he committed suicide. In 1934 Cecilia founded the first library of children's literature in Brazil. She was named professor of Luso-Brazilian literature at the University of the Federal District from 1936 to 1938. After remarrying, she taught at the University of Texas. She published her first book, Espectros, in 1919. Twenty of her books were in print during her lifetime. Posthumously, she received the highest prize from the Brazilian Academy of Letters. Meireles is considered Brazil's most important woman poet. A Brazil 100 cruzeiros (P -228) features author Cecilia Meireles. The design also appears on a 100 cruzados novos (P-220). PAPER MONEY • September/October 1999 • Whole No. 203 143 The portrait of Bozena Nemcova on a Czech Republic 500 korun (P-7, printed by Thomas De La Rue, and P-13, printed by State Printing Office, Prague) was engraved by Vaclav Fajt. Designed by Oldirch Kulhanek, the note includes a latent image and a code for the blind. Bozena Nemcova BOZENA NEAIGOVA IS ONE OF TWO WOMEN PICTURED on the first notes issued by the Czech Republic; the other is St. Agnes of Bohemia. Nemcova was born on February 4, 1820; her life was influenced by the revolu- tionary time in which she lived. Extremely modest living conditions (she had four children) and frequent reassignments probably contributed to the failure of her marriage to Josef Nemec, a financial inspection officer. Her social emancipation was awakened during her years in Prague (1842-45). Despite the fact that she did not have a happy life, her stories, novels and fairytales are full of romantic heros. Her writing glorifies ordinary people from the Czech coun- tryside. She died in Prague on Juanuary 21, 1862. Rosalia de Castro ROSALIA DE CASTRO (1837-85), WRITER AND CHAMPION of the Galician and Castilian dialects, was born in Santiago de Compostela, Galicia. Her earliest poetry, "The Flower" (1857) and her novels, The Daughter of the Sea (1859) and Ruins" (1867) were written in Spanish. A Spanish 500 pesetas (P-157) carries a determined but melancholy portrait of Rosalia de Castro. 144 September/October 1999 • Whole No. 203 • PAPER MONEY Her later works, including the poems "Galician Songs" (1863) and "New Leaves" (1880), were composed in the Galician dialect, akin to Portuguese. Lydia Koidula LYDIA KOIDULA, A PSEUDONYM FOR LYDIA EMILIE FLORENTINE, is the most outstanding poet who lyrically expressed her love for her native Estonia. Born in Vana Vandra on Christmas Eve, she was educated by her father, patriot and author J. Voldemar Jannse. Lydia had additional schooling at a German school in Parnu, and her early poems were influenced by German Romanticism. Her best verse was composed after an unhappy marriage; some works were set to music. Lydia also wrote plays. She died on August 11, 1886, in Kronstadt. Her portrait on an Estonia 100 krooni (P-74) consists of photen- graved, horizontal lines. A bluebird is at the right, and microprinting EESTI PANK surrounds the rosette to the right. Juana de Ibarbourou A POET FROM URUGUAY, JUANA DE IBARBOUROU was born Juana Fernandez Morales on March 8, 1892, in Melos. Following her education in Catholic and public schools, she married Captain Lucas Ibarbourou in 1914 (they had one child). Four years later, they moved to Montevideo, where she received favorable recognition for her work published in La Ravin. In 1929 the public bestowed upon her the title of "Juana de America." In 1934, two years after the death of her father, Juana turned to religious topics. Two examples are Praise to Our Lady and Scenes from the Bible. She became a member of the Uruguayan Academy of Letters in 1947. When her mother died, Juana became severely depressed; the change is reflected in her subse- quent work. Juana de Ibarbourou died in 1979 in relative obscurity and with little money. She is pictured on the face of a 1,000 pesos uruguayos (P-79); books are seen on the back. continued v References Williamson, E. The Penguin History of Latin America. London: The Penguin Press, 1992. A complete list of sources will appear at the end of this series. w.r; QM:AMA TIVAT cf7 l ri -45-MV.A1-014$11(ft,=E. 4.1 `;111■71r4M-Kair,....U.8. D709-90 GOLD :CE RTI FICATE 1.■11,4, yaladito.a,261. /////, , //c//o/ / 7c, UMW' aillat(tart W,R.IINNIAPJAAMINi ///e//////4 //, 4,,,, .4 SUPERB UNITED STATES CURRENCY FOR SALE 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 Moryez P.O. BOX 355, DEPT. M • ENGLEWOOD, 011 45322 937-898-0114 SEND FOR FREE PRICE LIST BOOKS FOR SALE -o 0z m • 0") co -o CD 0- 6 0 cr csD CD CD M- c) z MYLAR D CURRENCY HOLDERS PRICED AS FOLLOWS BANK NOTE AND CHECK HOLDERS SIZE INCHES 50 100 500 1000 Fractional 43/4 x 3 3/4 $17.75 $32.50 $147.00 $255.00 Colonial 51/2 x 3 1 /16 18.75 35.00 159.00 295.00 Small Currency 6 5/e x 2 7/8 19.00 36.50 163.00 305.00 Large Currency 7 1 /8 x 3 1 /2 23.00 42.50 195.00 365.00 Auction 9 x 3 3/4 26.75 50.00 243.00 439.00 Foreign Currency 8 x 5 30.00 56.00 256.00 460.00 Checks 95/8 x 4 1 /4 28.25 52.50 240.00 444.00 SHEET HOLDERS SIZE INCHES 10 50 100 250 Obsolete Sheet End Open 83/4 x 14 1 /2 $13.00 $60.00 $100.00 $230.00 National Sheet Side Open 81/2 x 17 1 /2 25.00 100.00 180.00 425.00 Stock Certificate End Open 91/2 x 12 1 /2 12.50 57.50 95.00 212.50 Map & Bond Size End Open 18 x 24 48.00 225.00 370.00 850.00 You may assort note holders for best price (min. 50 pcs. one size). You may assort sheet holders for best price (min. 5 pcs. one size) (min. 10 pcs. total). SHIPPING IN THE U.S. (PARCEL POST) FREE OF CHARGE Mylar D6 is a Registered Trademark of the Dupont Corporation. This also applies to uncoated 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, Boston, MA 02205 • 617-482-8477 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 399 S. State Street - Westerville, OH 43081 1-614-882-3937 1-800-848-3966 outside Ohio ") Lite Member 60.)!--189- ES •T 1960 "1411:911•Mot•i" COIN SHOP INC SEND FOR OUR COMPLETE PRICE LIST FREE September/October 1999 • Whole No. 203 • PAPER MONEY146 Nobody pays more than Huntoon for ARIZONA & WYOMING state and territorial Nationals Peter Huntoon P.O. Box 19464 Las Vegas, NV 89132 702-270-4788 BUYING AND SELLING PAPER MONEY U.S., All types Thousands of Nationals, Large and Small, Silver Certificates, U.S. Notes, Gold Certificates, 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 A Primer for Collectors BY GENE HESSLER PAPER MONEY • September/October 1999 • Whole No. 203 147 T WO AMERICAN WOMEN CAN CLAIM THEY WEREthe models for images on the paper money of two for- eign countries. One will be discussed here, the other in the next issue. At the turn of the century, Czech artist Alfons Mucha (1860-1939) was considered the high priest of art nouveau. He was viewed as an illustrator, but he was considerably more, and the world could not get enough of the sensuous images of Mucha's beautiful women who appeared in flowing gowns on calendars and posters. The latter might be considered com- mercial, however, those who have seen posters for Ruinart Champagne, La Trappistine Liqueur and The West End Review know this is not true. His paintings of celebrated actress Sarah Bernhardt, which appeared on theatrical posters, crystallized his worldwide appeal. In 1905 during one of the trips he made to the United States between 1904 and 1913, the artist met American mil- lionaire Charles R. Crane by chance when they sat next to one another at a fund-raising dinner at Delmonico's in New York City. In 1909 Crane was having a house built for his eldest daughter, Josephine. The architect would create a specific place in the house for a Mucha painting, which was to be called "Slavia." It would be a development of a poster the artist created for the Prague Insurance Company in 1907. Charles R. Crane empathized with Mucha in his devotion to and obsession with the history of the Slays. Ultimately, he provid- ed the funds for Mucha to create his monumental Slav Epic- 20 vast panels in tempera and oil. A new chapter in the history of Czech and Slovak people was written at the end of World War I in 1918—the Republic of Czechoslovakia was established. The famed Czech artist Mucha was asked to design some of the bank notes for the new nation. The 100 and 500 korun, which were printed locally, were easily and soon counterfeited. The notes were withdrawn, and American Bank Note Company (ABNCo) in New York City was asked to create plates for more sophisti- cated notes as quickly as possible. Ultimately, ABNCo pre- pared an entire series, i.e., 100; 500; 1,000; and 5,000 k(orun). The 100 korun prepared and engraved at ABNCo included Mucha's Slavic. This beautiful image, based on the likeness of Josephine Crane, was engraved by the premiere engraver at ABNCo, Robert Savage. The back of the note shows the St. Charles Bridge—a famous Prague landmark—and two females representing Southern Moravia and Slovakia, also engraved by Savage. However, the face of this note is all-American: an American female, engraved by an American and printed by an American company. This note circulated from 1920 to 1939 and now is extremely scarce in nice condition. Few collectors know the American connection, nevertheless, many want it simply because it is an example of good design and engraving. Since other denominations made at ABNCo were just men- tioned, a few words about them might be appropriate. The 500 korun dated 1923 (P[ick] 19) and the 1,000 korun dated 1919 (P13) also were issued with later dates-1929 (P22) and 1932 (P25), respectively. The notes with the later dates are less expensive. The 5,000 korun is dated 1920. These and sub- sequent demonetized Czech notes were perforated SPECIMEN and sold to collectors. These specimen notes are relatively easy to locate; purchase prices range from $10 to $50 in choice condition. They are worth the effort to find them. —Adapted with permission from COIN WORLD, laming 22, 1996. The 100 korun prepared and engraved for the Republic of Czechoslovakia at ABNCo in New York City included Alfons Mucha's Slavia, which was based on the likeness of American Josephine Crane. [17,utkdiai ti BANK OFFICERS President John H. Bauch 2?-1920 L.M. Edens 1921 Vice President J.W. Wright ??-1920 Steve yates 1921 Cahier T. Brooks 7?-1920 C.G. Blair 1920-21 W.R. Clifton 1921 Assistant Cashier Steve Yates 1921 September/October 1999 • Whole No. 203 • PAPER MONEY148 Texas County and Cabool, Missouri EXAS COUNTY IS THE LARGEST OF MISSOURI'S 114 counties and comprises 1,183 square miles of Ozark Highland. It is 125 square land miles larger than the State of Rhode Island. When the county was formed in 1843, it was named for explorer, fur trader and first lieutenant governor of Missouri, William H. Ashley. When it was formally organized in 1845, it was renamed for the Republic of Texas. A seat of justice was laid out in 1846 near the center of the county on Brushy Creek and named Houston in honor of the first president of the Republic of Texas. During the Civil War, the county was ravished by guerilla warfare, and the town of Houston was destroyed. Houston was rebuilt and now is a center for dairying, poultry, livesotck, farming and timber. Texas County is a land of rugged hills, springs and caves. In the early 1800s, William H. Ashley leached saltpeter from bat guano in a cave in northeast Texas County for use in the pro- duction of gunpowder at his factory at Potosi. In 1818 explor- er H.R. Schoolcraft visited the cave and named the area Wall- A $5 Series of 1902 Plain Back on The First National Bank of Cabool with the signatures of T. Brooks as cashier and J.W. Wright as vice president. Cave Valley. As to the town of Cabool, there are two theories on how it got its name. One theory holds that an early settler had trav- eled through Afghanistan and compared the land in this area of Missouri to the land around that country's capital of Kabul. This seems like a very big stretch to me. The land may be rugged and hilly, but the elevation is in the range of 1,200 to 1,700 feet. Kabul is in the Hindu Kush, which is an extension of the Himalayas, and its elevation is 5,895 feet. The second theory has Cabool named after a Native American leader. Cabool was his name, and he was a lover as well as a warrior. He lived in this area of Missouri many, many years ago. The town of Cabool was laid out in 1882 on the route of the Springfield & Memphis (Frisco) Railroad. Cabool is the only town in the county on a railroad line. Main Street So in Cabool, Mo. A view of Main Street, Cabool, Missouri, looking west— from a post card dated March 26, 1910. The Cabool National Bank was chartered in September 1907 with Charter Number 8877. The building it occupied in 1906 had tile flooring, and mahogany furniture and fixtures. The latest model safe and vault was installed, burglar and hold-up insurance was taken out, and Burroughs bookkeeping and posting machines were purchased. Bank officers and employees were bonded. This bank was very useful to busi- nessmen, farmers and ranchers of the community. The bank's motto was "Safety First." On April 20, 1914, The Cabool National Bank merged with The Bank of Cabool to form The First National Bank of Cabool with a capital stock and surplus of $60,000 and $7,000 in undivided profits. This bank was liquidated on May 5, 1921. Today Cabool has a population of 2,000, and the bank build- ing is occupied by the Corner Cafe. The Cabool National Bank issued $5 and $10 Series of 1902 Red Seals, and $5 and $10 Series of 1902 Date Backs. The First National Bank of Cabool issued $5, $10 and $20 Series of 1902 Date Backs, and $10 and $20 Series of 1902 Plain Backs. The bank's total issue was $188,160; when it closed, there was $50,000 outstanding. References Cabool Enterprise Press, various issues. Encyclopedia Americana.Vols. I and M. New York, 1965. Kelly, Don C. National Bank Notes: A Guide with Prices. Oxford, OH: The Paper Money Institute, Inc., 1997. Texas County Library Staff, Houston, Missouri. 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 LM 114 — PCDA—LM ANA Since 1976 TWA:4900" THE HUT NATIONAL 11114 OF LE SVEUR PAPER MONEY • September/October 1999 • Whole No. 203 149 EARLY AMERICAN NUMISMATICS • 619-273-3566 We maintain the LARGEST ACTIVE INVENTORY IN THE WORLD! COLONIAL & CONTINENTAL CURRENCY SERVICES: q Portfolio Development q Major Show Coverage q Auction Attendance SEND US YOUR WANT LISTS. FREE PRICE LISTS AVAILABLE. EARLY AMERICAN NUMISMATICS c/o Dana Linett P.O. Box 2442 • LaJolla, CA 92038 619-273-3566 Members: Life ANA, CSNA, EAC, SPMC, FUN ANACS DO YOU COLLECT FISCAL PAPER? The American Society of Check Collectors publishes a quarterly journal for members. Visit our website at or write to Coleman Leifer, POB 577, Garrett Park, MD 20896. Dues are $10 per year for US residents, $12 for Canadian and Mexican residents, and $18 for those in foreign locations. Always Wanted Monmouth County, New Jersey Obsoletes — Nationals — Scrip Histories and Memorabilia Allenhurst — Allentown — Asbury Park — Atlantic Highlands — Belmar Bradley Beach — Eatontown — Englishtown — Freehold — Howell Keansburg — Keyport — Long Branch — Manasquan — Matawan Middletown — Ocean Grove — Red Bank — Sea Bright — Spring Lake N.B. Buckman P.O. Box 608, Ocean Grove, NJ 07756 800-533-6163 Fax: 732-922-5055 150 September/October 1999 • Whole No. 203 • PAPER MONEY r 1 OBSOLETE NOTES Also CSA, Continental & Colonial, Stocks & Bonds, Autographs & Civil War Related Material LARGE CAT. $2.00 Ref. Always Buying at Top Prices RICHARD T. HOOBER, JR. P.O. Box 3116, Key Largo, FL33037 FAX or Phone (305) 853-0105 1 I I I I I tta akf. WI jgg '4;i:A1A14tei ,Lt Orp, ,414,41 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 Ift5rp,SaticOrp.rC William Youngerman, Inc. Rare Coins E Currency "Since 1967" P.O. Box 177, Boca Raton, FL 33429-0177 L • 14 P . Buying & Selling National Bank Notes, Uncut Sheets, Proofs, No. 1 Notes, Gold Certificates, Large-Size Type Error Notes, Star Notes. Commercial Coin Co. P.O. Box 607 Camp Hill, PA 17001 Phone 717-737-8981 'CAi-tkl'Nrrgl"'“j-- Pit CAMP Nia IT; DOI BAIA ( 1\I1' 1111.1. Life Member ANA 639 WORLD PAPER MONEY specializing in Poland, Russia & E. Europe visit us: Buy & Sell Free Price List Tom Sluszkiewicz P.O. Box 54521, Middlegate Postal BURNABY, B.C., CANADA,V5E 4J6 PAPER MONEY • September/October 1999 • Whole No. 203 151 The PRESID ] Column By FRANK CLARK I RECENTLY ATTENDED THE ST. LOUIS NATIONALand World Paper Money Show. It was a good show, and I got to visit with many people who attend these paper money gatherings. I would suggest taking in a paper money show and an SPMC regional meeting whenever possible, because you never know what you might find, what you might see or what you might learn. I was able to find a couple of notes for my collection, plus a few bank post cards. I saw many very rare notes on the bourse floor and in the auction. I also learned from Ron Horstman at the SPMC regional meeting about St. Louis emergency scrip of 1933 that included an uncut sheet of scrip on one bank. I wish Dallas banks issued or planned to issue this type of scrip during the bank holiday of 1933, but they didn't. All in all, it was a fun show, and I look forward to the 2000 show that will be at a new hotel but in the same gen- eral area. I have to apologize for the lateness of the issues of Paper Money for the most part of 1999. Our editor, Marilyn Reback, has spent the year getting the journal on desktop and battling computer problems, etc. I also would like to announce that in New Flim Flam Scheme 44. • HE 'THING IN THE WAY OF FLIM-FLAM NOW, and the real thing," said an old detective, "is away ahead of any of the old tricks, I know anything about. It has been worked but once in New Orleans, as far as I know, and if it has ever been worked in any other place I do not know about it. The business about finding a pocket-book, springing the pigeon, as it is called; the lock trick, which by the way, is one of the smoothest of the whole list, and all the others are cheap and clumsy in comparison with the clever scheme that was worked on a down-town barkeeper a few evenings ago. It shows one thing, and that is that the criminal classes are quite as active mentally and otherwise as men who are engaged in the decent callings of life. They are probably more active mentally than the men who are ground into narrow grooves because of ceaseless toiling in an effort to keep the wolf away. January 2000 all SPMC members will receive something very nice in the mail to help smooth over the rough spots of the last year. Other news from the SPMC board meeting in St. Louis included the following. SPMC membership numbers are bar- relling in on number 10,000. Remember, the top recruiter is eligible for a $100 prize. If you need any applications, just write me or visit the SPMC website, . Also, next year a new index will be available for Paper Money for 1961 through 1999, thanks to member George Tremmel. The next book to be issued by SPMC will be the updated Mississippi Ohmletes by Guy Kraus, which is coming along nicely. A few upcoming regional meetings come to mind. There will be a regional meeting at the Texas Numismatic Associa- tion convention in Houston in May and, of course, at the International Paper Money Show in Memphis in June. If you would like to conduct a meeting in conjunction with a numis- matic event, just contact board member Judith Murphy. (The board bestowed Honorary Life Membership on Judith Murphy. Her husband, Claude, also was recently named a Numismatic Ambassador by Krause Publications. A very busy time for the Murphys!) At the last ANA convention, Paper Money, edited by Gene Hessler, received the Outstanding Club Publication Award for Specialty Clubs.Good job, Gene! Finally, the paper money hobby has had several collectors and dealers pass from the scene. We all were touched by at least one of them. They will be missed and our prayers go out to their families. The Memphis Coin Club made donations in the names of Paul Garland and L.A. Scott to the SPMC Wismer publication fund. The new flim flam scheme is wonderfully simple, and is worked with paper money. A $— [sic] and a $5 bill are need- ed. Of course bills of higher denomination could be used, but the two men who worked the trick here used the bills of the first denomination—a $1 and a $5 bill. It is worked this way: One of the men will write in thin letters on the back of the $5 bill what is supposed to be a list of his laundry. For instance in this way, One shirt, two collars, two pairs of cuffs. He will go into a saloon where there is a rush on in order to minimize the possibilities of the barkeeper's detecting the scribbling on the hilll [sic], and will call for a drink. "The money is put in the drawer, the man gets his drink and his change and walks out. Directly his partner walks in, calls for a glass of beer and tenders a $1 bill in payment. The barkeeper throws out 95 cents in change. 'You made a mis- take, old man,' the purchaser will say; 'I gave you a $5 bill.' A polite wrangle follows. The fellow is insistent, says he had only one piece of money, and that was a $5 bill and he remembers to have jotted down a list of his laundry on the back of it. He calls for the boss, tells him of the dispute, and asks him to see if he has a $5 bill with 'one shirt, two collars, two pairs of cuffs,' written on it in pencil. Sure enough the bill is found and the man gets his $4.95 in change. This is the scheme they worked on the man down town and he had no idea he had been swindled, until he thought it over for some time, and the whole plot dawned on him. It is a clever scheme, but one that will not last, as barkeepers are awfully quick to get on to tricks of this sort."—New Orleans Times Democrat.— (Grand Forks (N. Dak.) Daily Herald, Nov. 9, 1902.) 152 September/October 1999 • Whole No. 203 • PAPER MONEY NEW MEMBERS MEMBERSHIP DIRECTOR Frank Clark P.O. Box 117060 Carrollton, TX 75011 9760 Lee Gong, 1211 W. College Ave., Santa Rosa, CA 95401 (C, errors) 9761 Steven J. Vesely, 805 Plainfield Rd., Joliet, IL 60435 (C & D) 9762 Edward J. Sheehan, P.O. Box 16863, Washington, DC 20041-6863 (C, small-size notes) 9763 Robert Costa, 2600 N.E. Center St., #50-C, Salem, OR 97310 (C) 9764 Ronald M. Cowan, P.O. Box 69, Allen, OK 74825 (C & D, large-size type, fractionals, $2 notes) 9765 Gary Wycker, P.O. Box 1141, Pittsford, NY 14534 (D, U.S.) 9766 Russell Heintzelman, R.R. 2, Box 1160, Drums, PA 18222 (C, Nationals) 9767 Fred K. Lope, 1762 Lynwood Dr., Concord, CA 94519-1249 (C, large-size currency) 9768 Harold B. Mitchell, Rt. 4, Box 269, 598 Sevier St., Lebanon, VA 24266-4704 (C, VA obsoletes, includ- ing WV, VA CSA) 9769 Kathy Metcalf, 5303 Goodwin ave., Dallas, TX 75206-6208 (C, $1, $2 & $5 notes) 9770 Anthony Martino, 55 Bethune St., Apt. #H213, New York, NY 10014 (C, obsoletes, large Nationals, type & Canadian) 9771 Frederick J. Bart, Box 2, Roseville, MI 48066 (C & D, error notes, large-size type, rare small-size) 9772 Barry Minster, P.O. B ox 504, Clawson, MI 48017- 0504 (C & D, fractionals) 9773 Ken Schmucker, P.O. Box 81, 209 Pratt St., North Adams, MI 49262-0081 (C, Nationals) 9774 Ellen J. Richardson, P.O. Box 34, Evergreen Ave., Huntington Station, NY 11746 (C, large type) 9775 Ezra Y. Rosensaft, 435 E. 77th St., Apt. 4A, New York, NY 10021 (C, U.S.) 9776 Robert J. Hughes, 53 Winterberry Loop, West Henrietta, NY 14586-9438 (C, U.S. currency before 1940) 9777 Chris Howard, 838 Hansmore Pl., Knoxville, TN 37919 (C, Nationals) 9778 Donald L. Baldwin, 1224 N.E. Walnut, #161, Roseburg, OR 97470 (C) 9779 Bill Grubb, 133 Cowpath Rd., Telford, PA 18969 (C, 1929 Nationals) 9780 Peter Keith LaConte, 124 Brookview Dr., West Paterson, NJ 07424 (C, U.S., small, fractional, CSA) 9781 Richard Hawkes, 90 Blackstone Blvd., Providence, RI 02906-5415 (C, U.S.) 9782 Jeffrey J. Meyer, P.O. Box 786, Buda, TX 78610 (C, foreign) 9783 David C. Williamson, 6928 View Park Rd. S.E., Port Orchard, WA 98367 (C & D, Nationals & small size) 9784 Michael B. Fogarty, 7 Hewlett Point Ave., East Rockaway, NY 11518 (C, large- & small-size notes) 9785 Joseph C. Steiniger 9786 Dale Weiss, 1411 Lorain Ave., Bethlehem, PA 18018 (C & D, U.S. large & small, MPCs, Civil War, sheets) 9787 Robert 0. Burich, 2624 W. Bentrup St., Chandler, AZ 85224 (C & D, U.S. type)) 9788 Edward Twenter, 4300 N. Wyatt Ln., Columbia, MO 65202 (C, large, small & Nationals) 9789 Dale C. Piazza, 4519 Beta Ave., Newburgh Heights, OH 44105 (C, MPCs, fractionals, obsoletes) 9790 Biff Newton, 1538 River Oak Way, Roseville, CA 95747 (C, U.S., small & fractionals) 9791 Kristopher K. Hill, 41 Country Club Way, Ipswich, MA 01938 (C, U.S. small) 9792 Susan L. Chapman, 307D Palmetto Bay, Marina Village, Hilton Head, SC 29928 (C, Colonial Currency) 9793 James M. Rose, 223 N. Grant Ave., Ft. Collins, CO 80521 (C, WWII, MPCs, Cold War period) 9794 David Smith, 2615 Villa Dr., Parkersburg, WV 26101 (C & D, All) 9795 El Roy Bartels, P.O. Box 1, Tobias, NE 68453-0001 (C, Nebraska Nationals) 9796 Reed Marion, P.O. Box 6662, Katy, TX 77491-6662 (C, Continental Currency, encased postage) 9797 Donald R. Rathburn, 605 S. Elm St., Ogden, KS 66517 (C, MPCs, U.S. large & small) 9798 Fred Willey, 3111 Bel Air Der., #10H, Las Vegas, NV 89109-1503 (C) 9799 Stuart B. Jones, P.O. Box 118, Bel Air, MD 21014 (C) 9800 Arthur F. Freeman, 3176 Kathy Way, Loomis, CA 95650-8776 (C, 1800s - especially Civil War) 9801 Harold L. Cloud Jr., 1708 James St., Sinking Spring, PA 19608 (C, U.S., CSA, obsoletes) 9802 Jim Pyke, 8705 Powderhouse Rd., Cheyenne, WY 82009-1201 (C) 9803 Jeff Navratil, 18 Pidgeon Ct., Manorville, NY 11949 (C, large silver certificates) 9804 Ed Stiles, 52 Candlewood Ct., Lake Jackson, TX 77566-6002 (C) 9805 Robert G. Greene 9806 Charles G. Etchells, 11 Manan Close, Northend, Hemel Hempstead, Hertfordshire, HP3.8TG, England (C, Great Britain, U.S. CSA) 9807 Patrick J. Cleary, 100 Manhattan Rd., Joliet, IL 60433 (C, Nationals) 9808 Gary M. Nord 9809 Vince D'Alessio, 239 Riflecamp Rd., West Paterson, NJ 07424 (C & D, Paterson, NJ Nationals) 9810 Jack Chew, 2513 W. 2nd St., Roswell, NM 88201 (C & D, Nationals) 9811 Amberse M. Banks, 505 Ryan Ave., Modesto, CA 95250-3365 (C, obsoletes) PAPER MONEY • September/October 1999 • Whole No. 203 153 9812 Frank W. Furry, 8221 E. Hidden Lakes Dr., Granite Bay, CA 95746-9537 (C, philatelic line engravings) 9813 Scott Mitchell, P.O. Box 1006, New Hyde Park, NY 11040 (C & D, CSA, CSA bonds, fractionals, Colonials) 9814 Robert G. Bloedorn, 526 N. Superior St., DePere, WI 54115 (C, large -size $1, large -size type, fractionals) 9815 Dr. Lawrence Mills, 1 Gregoria Ct., Baltimore, MD 21212-1059 (C) 9816 Dennis Magee, P.O. Box 663, Matawan, NJ 07747 (C) 9817 James L. Seabridge, 17438 Ardmore Ave., Apt. C, Bellflower, CA 90706-6633 (C, large, small & frac- tionals) 9818 James Nilsson, 23533 Anza Ave., Apt. D, Torrance, CA 90505 (C, large & small type) 9819 Norman P. Hiestand, P.O. Box 224, Hawaii National Park, HI 96718 (U.S. Si notes) 9820 Robert J. Perry, 2277 Union Ave., #306, Memphis, TN 38104 (C) money mart PAPER MONEY will accept classified advertising—from members only—on a basis of 15e per word, with a minimum charge of 53.75. The primary purpose of the ads is to assist members in exchanging, buying, selling or locating special- ized material and disposing of duplicates. Copy must be non-commercial in nature. Copy must be legibly printed or typed, accompanied by prepayment made payable to "Society of Paper Money Collectors" and reach Editor Marilyn Reback, P.O. Box 1110, Monument,CO 80132, by the first of the month pre- ceding the month of issue (i.e., Dec. 1 for Jan./Feb. issue). Word count: Name and address count as five words. All other words and abbreviations, figure combinations and initials count as separate words. No check copies. 10% discount for four or more insertions of the same copy. STOCKS & BONDS wanted! All types purchased including rail- road, mining, oil, zoos, aviation. Frank Hammelbacher, Box 660077, Flushing, NY 11366. 718-380-4009; fax 718-380-4009) or E-mail ( (205) STOCK CERTIFICATES, BONDS, 40-page list for two 32¢ stamps. 50 different $25; three lots $60. 15 different railroads, most picturing trains $26, three lots $63. Clinton Hollins, Box 112, Dept. P, Springfield, VA 22150-0112. (208) WANTED OHIO NBNs. Please send list. Also, want LOWELL, TYLER, RYAN, WHITNEY, JORDAN, O'NIELL. Thanks for your help. 419-865-5115. Lowell Yoder, POB 444, Holland, OH 43528. (207) WANTED: STOCKS AND BONDS. Railroad, Mining, City, State, CSA, etc., etc. Also wanted Obsolete and CSA Currency. Always Paying Top Dollar. Richard T. Hoober, Jr., P.O. Box 3116, Key Largo, FL 33037. Phone or FAX (305)853-0105. (203) NYC WANTED: ISSUED NYC, Brooklyn, Williamsburgh obso- letes, any obsoletes from locations within present-day Manhattan, 9821 James W. Miller, 3085 Bentwood Dr., Waycross, GA 31503 (C & D, Georgia & Tennessee obsoletes, Georgia Nationals & web notes) 9822 Jim Hughes, 1000 Otis St., N.E., Apt. 7, Washington, DC 20017 (C, Nationals) 9823 J. Rick Dornhoefer, 5614 Braxtonshire Ct., Houston, TX 77069 (C, Texas Nationals, type notes 9824 Wayne Hilton, 2 Oakmont Ln., Aiken, SC 29803 (C, CSA) 9825 William A. Taylor, 4960 Winchester Ave., Ashland, KY 41101 (C, Kentucky Nationals & obsoletes) 9826 John Tsoucalas, 6 Windana Ct., Pleasant Creek, Vic 3757, Australia (C, polymer bank notes) 9827 Anthony L. della Volpe, via Broletto 43, Milan, Italy (C & D, rare world notes) 9828 F. Alan Shirk, 1048 Terrace Ave., Wyomissing, PA 19610-2049 (C, U.S. small) 9829 Mike Taylor, 602 Firetower Rd., La Grange, NC 28551 (C, U.S. large & errors) 9830 Peter Luciani, 8673 Alegre Cr., Orlando, FL 32836 (C, IVIPCs) Brooklyn, Bronx, Queens, Staten Island. Steve Goldberg, Box 402, Laurel, MD 20725-0402. (204) WANTED: NEW YORK OBSOLETE NOTES, all types. Also want obsolete notes from Portsmouth N.H. Please send list or Xerox. John GLYNN, 41 St. Agnell's Lane, Hemel, Hempstead Herts, HP2 7AX, England. (206) I !.,11 II If i i 2 li ° :1 .1 ° ° :f. A ° A N F5! I i • / It II i ;iili iI 01r ! i , I z : I Iii 0 -I iii i d ! 1 Ili ii I l1 lid ,ii ' i 1 r - il :14.1i 1 i 1 q b. 1 i1 1 I IIII III 1 1 II II il !II! ' P iid i !it" 1 III I w , i ! i l., - ! . 1 1 1 1 p .04o, . i ! \ 3 I i - ,•:, i ' s . g I .N i i I, g 1 142 11 8 5,, CI 0 I, I i I f 1 I1 1 L. IP1 fill III II ! 1 1„ i Mil..: - i li 1 , II } It . j if I s 1 1 i l 1 III 1' i hfi 1II.. lig itpg 1 1 I /,coo ) [ 1 1 ormr.iii Si . 41 i P 12 . 1 R ,, . II 1 1 i • INC . P.O. BOX 84 • NANUET, N.Y 10954 OBSOLETE CURRENCY, NATIONALS, U.S. TYPE, UNCUT SHEETS, PROOFS, SCRIP. BUYINGSELLING: 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 40. 11P.-MIKILSAT#44, 11 67431 6.2() • CANADIAN BOUGHT AND SOLD • CHARTERED BANK NOTES. • 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 (925) 946-0150 Fax (925) 930-7710 LIFE MEMBER A.N.A. #1995 C.N.A. #143 C.P.M.S. #11 ft 1_ 1EMBER ANA 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 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 24 Errors, Bart 35 Prisoner of War & Concentration Camp Money of the The Comprehensive Catalog of U.S. Paper Money, Hessler 40 20th Century, Campbell Small-Size U.S. Paper Money 1928 to Date, Oakes & 35 U.S. Essay, Proof & Specimen Notes, Hessler 19 Schwartz, Softbound 25 The Houston Heritage Collection of National Bank World Paper Money, 7th edition, general issues 55 Notes 1863-1935, Logan 25 World Paper Money, 7th edition, specialized issues 60 10% off five or more books • SHIPPING: $3 for one book, $4 for two books, $5 for three or more books. All books are in new condition & hardbound unless otherwise noted. CLASSIC COINS — P.O. BOX 95 — ALLEN, MI 49227 154 September/October 1999 • Whole No. 203 • PAPER MONEY PAPER MONEY • September/October 1999 • Whole No. 203 155 CHECK THE "GREENSHEET" GET 10 OFFERS THEN CALL ME (OR WRITE) FOR MY TOP BUYING PRICES The Kagin name appears more often than any other in the pedigrees of the rarest and scarcest notes (U.S. Paper Money Records by Gengerke). BUY ALL U.S. CURRENCY Good to Gem Unc. I know rarity (have handled over 95% of U.S. in Friedberg) and condition (pay over "ask" for some) and am prepared to "reach" for it. Premium Prices Paid For Nationals (Pay 2-3 times "book" prices for some). BUY EVERYTHING: Uncut Sheets, Errors, Stars, Special Numbers, etc. I can't sell what I don't have Pay Cash (no waiting) No Deal Too Large A.M. ("Art") KAGIN 910 Insurance Exchange Bldg. Des Moines, Iowa 50309 (515) 243-7363 Fax: (515) 288-8681 At 79 Now is The Time — Currency & Coin Dealer Over 50 Years I attend about 25 Currency-Coin Shows per year Visit Most States (Call, Fax or Write for Appointment) Collector Since 1928 Professional Since 1933 "Founding Member PNG, Pres, '1963-64 ANA Life Member 103, Governor 1983-87 ANA 50-Year Gold Medal Recipient 1988 AD INDEX ALLEN'S COIN SHOP 124 BOWERS & MERENA GALLERIES IBC BERGS 128 N.B. BUCKMAN 125 COMMERCIAL COIN CO. 126 CLASSIC COINS 127 DENLY'S OF BOSTON 124 EARLY AMERICAN NUMISMATICS 125 RICHARD T. HOOBER 126 HORDWEDEL, LOWELL C. 124 HUNTOON, PETER 124 JONES, HARRY 127 KAGIN, A.M. 122 KRAUSE PUBLICATIONS OBC LAMB, PHILLIP B. 128 MOORE, CHARLES D. 127 MORYCZ, STANLEY 123 NUMISVALU, INC 127 OREGON PAPER MONEY EXCHANGE . 128 PARRISH, CHARLES C. 125 PHEATT, WILLIAM H. 128 SHULL, HUGH 98 SLUSZKIEWICZ, TOM 126 SMYTHE, R.M 1FC YOUNGERMAN, WILLIAM, INC. 126 156 September/October 1999 • Whole No. 203 • PAPER MONEY PHILLIP B. LAMB, LTD. CONFEDERATE STATES OF AMERICA, HISTORICAL CONNOISSEUR Avidly Buying and Selling: CONFEDERATE AUTOGRAPHS, PHOTOGRAPHS, DOCUMENTS, TREASURY NOTES AND BONDS, SLAVE PAPERS, U.C.V., OBSOLETE BANK NOTES, AND GENERAL MEMORABILIA. Superb, Friendly Service. Displaying at many major trade shows. PHILLIP B. LAMB P.O. Box 15850 NEW ORLEANS, LA 70175-5850 504-899-4710 QUARTERLY PRICE LISTS: $8 ANNUALLY WANT LISTS INVITED APPRAISALS BY FEE. CURRENCY CHECKLIST UNITED STATES SMALL SIZE By TYPE. 1928 to Date. Legal Tender—Silver Certificates Gold Certs.—Hawaii—North Africa NBN—FRBN—FRN. 3 3/4 x 7 3 /4 in. $10.95 postpaid. SPMC. BERGS P.O. Box 1732, Bismarck, ND 58502 Bank History Books • Published Bank Histories, over 200 Different, from Almost all States and Canada, 1882 to Present. • State and Regional Banking Histories, over 40 Different, mid-1800s to 1920s • Bank Directories & RR Manuals, Occasionally • Research Materials, Collateral Items for your Paper Money or Check Collection • Inquire by Author, Bank Name, or State of Interest OREGON PAPER MONEY EXCHANGE 6802 SW 33rd Place Portland, OR 97219 (503) 245-3659 Fax (503) 244-2977 Buying & Selling Foreign Banknotes Send for free List William H. Pheatt 6443 Kenneth Ave. Orangevale, CA 95662, U.S.A. Phone 916-722-6246 Fax 916-722-8689 itet *tatt$ 3Iouitemi Nalionat ItanL ealize Top Market Price for Your Paper Money! 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. Consider selling your important notes and currency items in one of our upcoming auctions to be held in New York City or in conjunction with the Suburban Washington/Baltimore Convention. The same bidders who helped set world record prices in our recent sales will compete for your currency items as well. Call Q. David Bowers, Chairman of the Board, or John Pack, Auction Manager, at 1-800-458-4646 to reserve a space for your material. We can even provide a cash advance if you desire. It may be the most financially rewarding decision you have ever made. 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. A $10 Silver Certificate. F-1700 in Gem New realized $8,800. A $100 One-Year Note, believed to be unique, realized $8,250. 4Nil Iltift .. I W 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.Auctions by Bowers and Merena, Inc. Box 1224 • Wolfeboro, NH 03894 • 800-458-4646 • FAX: 603-569-5319 • modern issue 1961-1999 -by Colin R. Bruce BSI Neil Shafer ■ Current fores • naro*4; 10,250 notes • 376 nelwissa ore than 6,900 illustatioris Standard Catalog of World Paper Money, Modern Issues Volume III, Fifth Edition by Edited by Colin R. Bruce II and Neil Shafer Filled with values for more than 10,250 notes and over 7,000 large, clear photos, you'll find everything here to collect world paper money successfully and profitably. More than 376 note-issuing authorities are covered including all notes issued from 1961 to present, plus newly designed U.S. notes. Includes a user's guide, grad- ing terms, dating information, foreign language references, exchange tables and a foreign bank index. Softcover • 8-1/2 x 11 784 pages • 7,000 • b&w photos WP05 • $37.95 To receive a FREE catalog or to place a credit card order, Call 800-258-0929 Dept. N94S Mon-Fri, 7 a.m. - 8 p.m. • Sat, 8 a.m. - 2 p.m., CST Accurate Pricing fo 0 250 No es Mail to: Krause Publications, 700 E State St, Iola, WI 54990 Or visit and order from our secure web site: Dealers can call toll-free 888 -457 -2873 ext 880, Mon-Fri 8 a.m. - 5 p.m. Shipping and Handling: Book Post - $3.25 1st book; $2 ea. add'1. Call for UPS delivery rates. Foreign addresses $15 per shipment plus $5.95 per book. Sales tax: WI 5.5%, IL 6.25%, IA 5%, VA 4.5%, CA 7.25%. SATISFACTION GUARANTEE If for any reason you are not completely satisfied with your purchase, simply return it within 14 days and receive a full refund, less shipping.