Inside This Issue: A Portrait of Revolutionary War Hero John Stark Official Journal of the J Society of Paper Money Collectors VoL. XXXVIII, No. 5 Whole No. 203 September/October 1999 The Northeast’s 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 • l.arry 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 • Roben Schwartz • George Schweighofer • R.M. Smythe & Co. Daryl Spcibring • Dave Strebe • Dave StoufFer • Bob Vlack • Barry Wexler For hotel room reservations contact The Historic Strasburg Inn, Strasburg, Pennsylvania 800-872-020 1,71 7-687-769 1 Fax 7 1 7-687-6098 Strasburg is 20 minutes from Lancaster, PA; one hour from Philadelphia; and I'A 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). m 8 1 M R.M. Smythe & Co., Inc., 26 Broadway, Suite 271, New York, NY 10004-1701 800-622-1880,212-943-1880 Fax 2 1 2-908-4047 www.rm-smythe.com 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 III, 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 wilt 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 3V?-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. ail 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 limes 6 limes Outside back cover SI 52 S420 S825 Inside cover 145 405 798 Full page 140 395 775 Hair page 75 200 390 Quarter page 38 105 198 Eighith 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 otyec- 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 Messier The Buck Starts Here 147 by Gene Messier 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 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 www.spmc.org . 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 1 2 to 1 8 years of age and of good moral character. Their application must be Money Collectors 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 1 8 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 whojoin the Society prior to October 1 receive the magazines already issued in the year in which they join. Members whojoin 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 theyjoined. ‘i Officers PRESIDENT Frank Clark, P.O. Box 117060, Carrollton, TX 75011-7060 VICE-PRESIDENT Wendell A. Wolka, P.O. Box 569, 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 MEMBERSHIP DIRECTOR Frank Clark, P.O. Box 117060, Carrollton, TX 75011-7060 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 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 PAPER MONEY • September/October 1999 • Whole No. 203 131 A Portrait of John By Marvin D. Ashmore — Stark J OHN ST.ARK 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 iVlountain 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 Da\dd Love. Hannon e\adently 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 & HUFT5' 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. 132 September/October 1999 • Whole No. 203 • PAPER MONEY A $10 proof note of the City Bank of Manchester, New Hampshire (Haxby NH-1 75/CIO), 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 evidendy was acquired from con- temporary counterfeit detectors). The portrait actually is that of Kate Sevier, wife ofjohn Sevier, the first governor ofTennessee. The rarity of the Stark Bank issues may be explained by the small circula- tion and redemption of die issued notes. Banks in Vermont were subject to more strict legal regulations dian 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'/’ 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 tliat 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). Tbe earliest issues of the City Bank — denominations of $1, $2, S3, $5, $10, $20, $50, $100 and $500— bear the imprint DANFORTH, WRIGHT & CO. Notes of tire 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 PAPER MONEY • September/October 1999 • Whole No. 203 133 K TEN EOELAHS A $1 0 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 .VIedford 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 MONEY 134 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 sen'ed 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. Major General |ohn Stark The Council appealed to the New Hampshire and Ma.ssachusetts provinces for Ubrapy Of CoNGRtss assistaoce. 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 .\lthough 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 veiy fresh in his memory. Schuyler, although later e.xonerated 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. ^^^lether 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 e.xpedition 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 anny. 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 M'allomsac Riv er, about five miles northeast of Bennington, and succeeded in a double env'elopment of Baum’s entire force. Baum was killed in tbe 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 BrevTnann. 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 improv'ed 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 batdes 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 1 1 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 3 04- 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. ❖ Bibliography Boatner, Mark M. III. Encyclopedia of the Ainmcan Revolution. New York: David McKay Company, Inc., 1966. Christie, Manson, and Woods International, Inc. Important Early Avierican Bank Notes, 1810-187: Front the Archives of the American Bank Note Company. Sale Catalog. New York, 1990. Coulter, Mayre Burns. Vennont Obsolete Notes and Snip. lola, M'7: Krause Publications, 1972. Published for the Society of Paper Money Collectors. The Desaiptive 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 Enanies. New' York: St Martin’s Press, 1960. Harper, Terrence G. Historical .dccount of Vermont Paper Cutreny and Banks. Reprint, originally published in Numismatic Sa-apbook Magazine. Haxby, James A. Standard Catalog of United States Obsolete Bank Notes 1 182- 1866. Vol. IV. lola, WI: Krause Publications, 1988. Hodges, Edward M. Hodges Atnerican Bank Note Safeguard. Anderson, SC: Pennell Publishing Company, 1977. Reprint of 1865 version. Malone, Dumas, ed. Dictionaiy of American Biography. Vol. XMI. New' York: Charles Scribner’s Sons, 1935. Muscalus, John A. An Inde.v 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-Proof Jounial, Vol. 18, Nos. 71, 72 (1961). Wismer, David C. The Obsolete Bank Notes of New England. Boston, iMA: 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 BANK Happenings Submitted by BOB COCHRAN The Gold Standard Act of 1900 B KKORE the U.S. LEET I HE CiOEl) ST.\NI).M UNITED ■“■' Af*ii */*/»> '/4y/ tN 1^29443^'' B (»>i yJUw a)JtiM)J)jaiaAs^ g'VfA , N929'i43^ inasjUiyffsm'trJi-s- SUPERB STATES CURRENCY FOR SALE SEm FOR FREJE PRICE LIST BOOKS FOR SALE COMPREHENSIVE CATALOG OF U.S. PAPER MONEY by Gene Messier. 6th Edition. Hard cover. 579 pages. The new Edition. $32.00 plus $3.00 postage. Total price $35.00. THE ENGRAVERS LINE by Gene Messier. 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 Messier. Hard cover. Unissued designs and pictures of original drawings. $14.00 plus $2.00 postage. Total price $16.00. Stanley Morycz I>.(). BOX .155, DEBT. M • ENGLEWOOD, 011 45.122 937-898-0114 PAPER MONEY • September/October 1999 • Whole No. 203 146 September/October 1999 • Whole No. 203 • PAPER MONEY Nobody pays more than Huntoon for ARIZONA & WYOMING state and territorial Nationals Peter Huntoon P.O. Box 19464 Las Vegas, NV89132 702-270-4788 MYLAR D CURRENCY HOLDERS PRICED AS FOLLOWS BANK NOTE AND CHECK HOLDERS SIZE INCHES 50 100 500 1000 Fractional 4^4 X 3^4 $17.75 $32.50 $147.00 $255.00 Colonial S'/zxSVis 18.75 35.00 159.00 295.00 Small Currency BYa X 2^8 19.00 36.50 163.00 305.00 Large Currency TVaxSVz 23.00 42.50 195.00 365.00 Auction 9x3^4 26.75 50.00 243.00 439.00 Foreign Currency 8x5 30.00 56.00 256.00 460.00 Checks 28.25 52.50 240.00 444.00 SHEET HOLDERS SIZE Obsolete Sheet INCHES 10 50 100 250 End Open National Sheet 8V4X14V2 $13.00 $60.00 $100.00 $230.00 Side Open Stock Certificate S'/zx 1772 25.00 100.00 180.00 425.00 End Open Map & Bond Size 972 X 1272 12.50 57.50 95.00 212.50 End Open 18x24 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 D* is a Registered Trademark of the Dupont Corporation. This also applies to uncoaied archival quality Mylar* Type D by the Dupont Corp. or the equivalent material by 1C) Industries Corp. Melinex Type 51 6. DENLY'S OF BOSTON P.O. Box 1010, Boston, MA 02205 • 617-482-8477 ORDERS ONLY: 800-HI-DENLY • FAX 617-357-8163 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 F^per 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 Million Dollar Buying Spree Currency: Nationals Lg. & Sm. Type Obsolete MPC Fractional Foreign Stocks • Bonds • Checks • Coins Stamps • Gold • Silver Platinum • Antique Watches Political Items • Postcards Baseball Cards * Masonic Items Hummels • Doultons Nearly Everything Collectible COMPLETE INC FREE £ST. I960 SPMC #2907 ANA LM #1503 399 S. Stale Street • Westerville, OH 43081 1-614-882-3937 1-800-848-3966 outside Ohio PAPER MONEY • September/October 1999 • Whole No. 203 147 THE BUCICf Starts Here! mi A Primer for Collectors BY GENE HESSLER T wo A.\1ERIC.\N wo.vien c.\n cl.m.\i they were the 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 noitveau. 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 Revieze 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 beween 1904 and 1913, tbe artist met .American mil- lionaire Charles R. Crane by chance when diey sat next to one another at a fund-raising dinner at Delmonico’s in New York Ciw. In 1909 Crane was having a house built for bis 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 histor)' of tlie Slavs. 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 Czccboslovakia 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 Slavia. 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, tbe 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 (PI 3) also were issued with later dates — 1929 (P22) and 1932 (P25), respectively. The notes with the later dates are less expensive. The 5,000 komn is dated 1920. These and sub- sequent demonetized Czech notes were perforated SPECLMEX and sold to collectors. These specimen notes are relatively easy to locate; purchase prices range from SlO to $50 in choice condition. They are worth the effort to find them. ❖ — .Adapted u'ith permission from CoiX WORLD, January 22, 1996. i. STO KORVN The 1 00 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. September/October 1999 • Whole No. 203 • PAPER MONEY 148 About T E Xa s Texas County and Cabool, Missouri T exas Couxty is the largest of Missouri’s 1 14 counties and comprises 1,183 square miles of Ozark Highland. It is 125 square land miles larger than the State of Rhode Island. Wlien the county was formed in 1843, it was named for explorer, fur trader and first lieutenant governor of Missouri, Wfilliam H. Ashley. WTien it was formally organized in 1 845, it was renamed for the Republic of Te.xas. 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 Te.xas. During the Civil War, the county was ravished by guerilla warfare, anti the town of Houston was destroyed. Houston was rebuilt and now is a center for dairying, poultty, livesotck, firming and timber. Te.xas County is a land of rugged hills, springs and caves. In the early 1800s, William H. Ashley leached salqieter from bat guano in a cave in northeast Texas County for use in die 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. Bank Officers President John H, Bauch 77-1920 L.M. Edens 1921 Vice President J.W. Wright 77-1920 Steve yates 1921 Cahier T. Brooks 77-1920 C.G. Blair 1920-21 W.R. Clifton 1921 Assistant Cashier Steve Yates 1921 Cave Valley. As to the town of Cabool, there are tw'o 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 tbe Hindu Kush, w'hich 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 w'as his name, and he w'as a lover as well as a warrior. He lived in this area of iMissouri 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. 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 CJharter Number 8877. The building it occupied in 1906 had tile flooring, and mahogany furniture and fi.xtures. 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 vety 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 w'ith a capital stock and surplus of S60,000 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. Tbe bank’s total issue was $188,160; when it closed, there was $50,000 outstanding. ‘J* References Cabool Enterprise Press, various issues. Encyclopedia Americana IW oh. 1 and XIX. New York, 1965. Kelly, Don C. National Bank Notes: A Guide v.’ith Prices. Oxford, OH: The Paper iVIoney Institute, Inc., 1997. Texas County Library' Staff, Houston, Missouri. PAPER MONEY • September/October 1999 • Whole No. 203- // 9 \ EARLY AMERICAN NUMISMATICS • 619 - 273-3566 COLONIAL & CONTINENTAL CURRENCY SERVICES: □ Portfolio Development □ Major Show Coverage □ Auction Attendance We maintain the LARGEST ACTIVE INVENTORY IN THE WORLD! 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 quarterlyjournal for members. Visit our website at http://members.aol.com/asccinfo 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 AUenhurst - AUemo-ivn - Ashiiry Park - Atlantic Highlands - Behnar Bradley Beach - EatontotL'ii - EnglishtoiL'ii - Freehold - llotvell Keanshiirg - Keyport - lanig Branch - Manasqnan - Mataivan Middletown - Ocean Grove - Red Bank - Sea Bright - Spring Like N.B. Buckman P.O. Box 608, Ocean Grove, NJ 07756 800-533-6163 Fax: 732-922-5055 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 1 14 — PCDA-LM ANA Since 1976 150 September/October 1999 • Whole No. 203 • PAPER MONEY 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 William Youngerman, Inc, Rare Coins & Currency ‘‘Since 1967’’ P.O. Box 177, Boca Raton, FL 33429-0177 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 1 7001 Phone 717-737-8981 / rjii; m CH> IIU If Ull 1 ^ t.\MI> Mill 1^ II <> M Life Member ANA 639 WORLD PAPER MONEY specializing in Poland, Russia & E. Europe visit us: http://www.atsnotes.com ats@atsnotes.com Buy & Sell Free Price List Tom Sluszkiewicz P.O. Box 54521, Middlegate Postal BURNABY, B.C., CANADA, V5E 4J6 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 3 1 1 6, Key Largo, FL33037 FAX or Phone (305) 853-0105 PAPER MONEY • September/October 1999 • Whole No. 203 151 The President’s Column By FRANK CLARK I RECENTLY .ATTENDED THE ST. LoUIS N.VTIONAL and 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 SP.MC 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. 1 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 emergenc)' scrip of 193.1 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, Marilym Reback, has spent the year getting the journal on desktop and battling computer problems, etc. I also would like to announce that in January 2000 all SPAIC 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 SIOO prize. If you need any applications, just write me or visit the SPMC website, w'ww.spmc.org. 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 Obsoletes 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 hoard 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 ct)nvention, 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. VVe 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 SPjVIC Wismer publication fund. The ’ GREEN GOODS GAME Conducted by FORREST DANIEL I New Flim Flam Scheme 44 HE THING IN THE \V.\Y OE FI.I.Vl-FL.UI 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. Tbe 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 prohahly more active mentally than the men who are ground into narrow grooves because of ceaseless toiling in an effort to keep the wolf away. The new flim flam scheme is wonderfully simple, and is worked with paper money. A $ — [sic] and a $5 bill arc need- ed. Of course bills of higher denomination could he used, but the nvo men who worked the trick here used the bills of the first denomination — a SI and a $5 bill. It is worked this way: One of the men will write in thin letters on the back of the S.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. I he barkeeper throws out 95 cents in change. ‘You made a mis- take, old man,’ the purchaser will say; ‘I gave you a $5 hill.’ A polite wrangle follows. The fellow is insistent, says he had only one piece of money, and that was a S5 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, nvo collars, two pairs of cuffs,’ written on it in pencil. Sure enough the bill is found and the man gets his S4.95 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.) ❖ Incu , MEMBERSHIP DIRECTOR IllL^VV |mEMBER8 Frank Clark P.O. Box 117060 Carrollton, TX 7501 1 9760 Lee Gong, 1211 VV. 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 1 141, Pittsford, NY 14534 (D, U.S.) 9766 Russell Heintzelman, R.R. 2, Box 1 160, 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. #H2 13, 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, firactionals) 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 PI., 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;. 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 1 1 5 1 8 (C, large- & small-size notes) 9785 Joseph C. Steiniger 9786 Dale Weiss, 141 1 Lorain Ave., Bethlehem, PA 18018 (C & D, U.S. large & small, MPCs, Civil War, sheets) 9787 Robert O. 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, MA01938 (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, \^T^^I, 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 1 18, 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, MTf 82009-1201 (C) 9803 JefFNavratil, 18 Pidgeon Ct., Manorville, NY 1 1949 (C, large silver certificates) 9804 Ed Stiles, 52 Candlewood Ct., Lake Jackson, TX 77566-6002 (C) 9805 Robert G. Greene 9806 Charles G. Etchells, 1 1 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) 981 1 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) 98 1 3 Scott Mitchell, P.O. Box 1 006, New Hyde Park, NTV' 1 1040 (C & D, CSA, CSA bonds, fractionals, Colonials) 9814 Robert G. Bloedom, 526 N. Superior St., DePere, V\'l 541 15 (C, large-size $1, large-size type, fractionals) 9815 Dr. Lawrence Mills, 1 Gregoria Ct., Baltimore, MD 21212-1059(0 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 982 1 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 Domhoefer, 5614 Braxtonshire Ct., Houston, TX 77069 (C, Texas Nationals, tj'pe notes 9824 Wayne Hilton, 2 Oakmont Ln., Aiken, SC 29803 (C, CSA) 9825 William A. Taylor, 4960 Winchester Ave., .Ashland, KY 41 101 (C, Kentucky Nationals & obsoletes) 9826 John Tsoucalas, 6 Windana Ct., Pleasant Creek, Vic 3757, Australia (C, polymer bank notes) 9827 Anthony L. della Voipe, 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, MPCs) Brooklyn, Bronx, Queens, Staten Island. Steve Goldberg, Box 402, Laurel, MD 20725-0402. (204) W.^NTED: NEW YORK OBSOLETE NOTES, all types. .\lso want obsolete notes from Portsmouth N.H. Please send list or Xerox. John GLYNT4, 41 St. .Agnell’s Lane, Kernel, Hempstead Herts, HP2 7AX, England. (206) P.\PER MONEY will accept classified advertising — from members only — on a basis of 1 5c per word, with a minimum charge of S3. 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 prepajanent made payable to “Society of Paper .Money Collectors” and reach Editor Marilyn Reback, P.O. Box 1110, Monumcnt,CO H0132, 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. .Ml other words and abbresdations, 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 (norrico@compuserve.com). (205) STOCK CERTIFICATES, BONDS, 40-page list for two 32e 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 22 150-01 12. (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 Paving Top Dollar. Richard T. Hoober, Jr., P.O. Box 31 16, 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, 154 September/October 1999 • Whole No. 203 • PAPER MONEY 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 HARRY IS BUYING NATIONALS — LARGE AND SMALL UNCUT SHEETS TYPE NOTES UNUSUAL SERIAL NUMBERS OBSOLETES ERRORS HARRY E. JONES m PO Box 30369 Cleveland, Ohio 44130 216-884-0701 BOOKS ON PAPER MONEY & RELATED SUBJECTS The Engraver’s Line: An Encyclopedia of Paper Money & Postage Stamp Art, Messier $85 Comprehensive Catalog of (J.S. Paper Money Errors, Bart 35 The Comprehensive Catalog of Cl.S. Paper Money, Messier 40 U.S. Essay, Proof & Specimen Notes, Messier 19 The Mouston Meritage Collection of National Bank Notes 1863-1935, Logan 25 National Bank Notes, Kelly $45 U.S. National Bank Notes & Their Seals, Prather 40 Paper Money of the G.S., Friedberg 24 Prisoner of War & Concentration Camp Money of the 20th Century, Campbell 35 Small-Size (J.S. Paper Money 1928 to Date, Oakes & Schwartz, Softbound 25 World Paper Money. 7th edition, general issues 55 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 — RO. BOX 95 — ALLEN, MI 49227 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 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 CU.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. / cant sell what I dont 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 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, SuvE Papers, U.C.V., Obsolete Bank notes, and General Memorabilia. Superb. Friendly Service. Displaying al many major trade shows. Quarterly price lists: $8 ANNUALLY Want lists invited Appraisals by fee. Phillip B. Ijvmb P.O. Box 15850 New Orleans, LA 70175-5850 504-899-4710 CURRENCY CHECKLIST UNITED STATES SMALL SIZE By TYPE. 1928 to Date. Legal Tender — Silver Certificates Gold Certs. — Hawaii — North Africa NBN— FRBN— FRN. 3^4 x 7Y4in. $10.95 postpaid. SPMC. BERGS P.O. Box 1732, Bismarck, ND 58502 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 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 rtu inucA ALLEN'S COIN SHOP . . 124 BOWERS & MERENA GALLERIES , . . IBC BERGS . . 128 N.B. BGCKMAN . . 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 . . . IFC YOUNGERMAN. WILLIAM. INC . . 126 ealize Top Market Price ^pfor 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. B-i 2r A $100 One-Year Note, believed to be unique, realized $8,250. A $5 Federal Reserve Bank note. F-782* in EF realized $7,150. Q. 4C:i3QD0f/| An Interest Bearing $5,000 Proof Note realized $11,000. A $10 Silver Certificate. F-1700 in Gem New realized $8,800. 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 • 800-4584646 • FAX: 603-569-5519 • www.bowersandmerena.com Accurate Pricing for 10,250 Notes 9|c|Me( V A M SEPUUUH RJBU 'rltOfCGlT f 1999 standard catalog of modern issues 1961-1999 volume three V2 ''L;-' L , fe&l Vjj? I AOOOOOOO Edited by Colin R. Bruce II 6 Neil Shafer ■ Current values for over 10,250 notes ■ 376 note-Iss authorities ■ More than 6,900 Illustrations 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 1 0,250 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 • 7,0(K) • b&w ^ photos WP05 • $37.95 To receive a FREE catalog or to place a credit card order, 800-258-0929 Call Dept. N94S Mon-Fri, 7 a.m. - 8 p.m. • Sat, 8 a.m. - 2 p.m., CST Shipping; and Handling: Buuk Post - $3.25 1st book; S2 ea. add'l. Call for UPS delivery rates. Foreign addresses $15 per shipment plus $5.95 per book. Sales tax: Wl 5.5%, IL 6.25%, lA 5%, VA 4.5%, CA 7.25%. Mail to: Krause Publications, 700 E State St, lola, WI 54990 Or visit and order from our secure weh site: www.krause.com Dealers can call toll-free 888-457-2873 ext 880, Mon-Fri 8 a.m. - 5 p.m. 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.