This page contains obsolete currency, banknotes, checks, bank drafts, sight drafts, receipts, stock certificates, scrip, bonds and more, from our local area and around Pennsylvania.
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Thompson’s Bank Note and Commercial Reporter was an invaluable reference for bankers and other businessmen. It has long lists, that describe the banknotes issued by the banks around the U.S., Canada, and the territories. It describes known counterfeit notes. It reports the latest banking news, such as the deaths of prominent bankers, new capital expenditures and it has many pages listing the individual banks’ rates of discount. It has the latest, commercial, stock, and wholesale prices (commodities). It also lists private bankers, and has a list of “Broken, Closed and Worthless Banks”. At the back of this issue, it has seven pages illustrating foreign coins. You could subscribe to this publication weekly, semi-monthly or monthly.
We can see in the next to the last (right) image above, that in 1907, there was a banking firm of Slocum, Deichman & Co. Bankers in Saegertown, Pa. The promotional item in the last image above, shows that by 1915, it had changed to W. W. Deichman & Co.
In the late 1800’s, many business colleges across America used college currency checks, banknotes, stamps, etc. to give their students a hands-on experience. The Meadville Business College, affiliated with Bryant & Straton, also participated. Above is a Flour City Bank check (in College Currency) Meadville, Pa. July 16, 1891.
After the Civil War, the U.S. Sanitary Commission Army and Navy, Claim Agency, set up agents around the country, where veterans could apply for pensions or bounties. A surviving broadside from that era gives the details. It says: ENTITLED TO PENSIONS. Invalid Soldiers and Seamen, Widows, Minor Children, Dependent Mothers, and Orphan Sisters, under sixteen years of age, of Soldiers and Seamen, in the order they are named. ENTITLED TO BOUNTY. Soldiers and Seamen discharged on account of wounds received; those who have served two years or more; Widows of Soldiers and Seamen, and their children; Fathers, Mothers, Brothers, and Sisters in the order named, if residents of the United States. We show Perley’s claim form above, and below, we show the top of a full-page ad that appeared in an Erie, Pa. promotional booklet titled: All Over Town – Holiday Season 1868-69. This ad, also mentions compensation for horses killed in action.
Born: March 29, 1826, Pittsburgh, Allegheny County, Pa. In 1844 Henry C. Johnson became editor and publisher of The Crawford County Democratic Republican newspaper (for one year). He married the former Mary Magill on January 14, 1845. He passed the bar, practiced law in Crawford County and was elected District Attorney of Crawford County, Pa. from October 1856 to October 1859. Following the firing on Fort Sumpter, President Lincoln asked for volunteers. By the end of April 1861, Captain Henry C. Johnson briefly led a Meadville Volunteers Company of 95 men. $3,000 was raised to outfit the company and assist their families. This command left Meadville for Pittsburgh, May 7, 1861. He was elected State Representative in 1863 and again in 1864 (2 terms). He was elected the 84th Speaker of the House in 1864. Johnson was re-elected to the Pennsylvania House of Representatives for the 1870 session. On April 7, 1874, President Grant appointed Johnson Commissioner of Customs. He received 2 subsequent reappointments from President Rutherford B. Hayes and President Chester A. Arthur, keeping the position from 1874-1885. Died: June 3, 1892, Meadville, Crawford County, Pa.: Buried in Greendale Cemetery, Meadville, Pa.
The left image below shows a souvenir promotional booklet and the back of a Clark’s Business College scrip note. The booklet is Souvenir Erie, Penna. 1892. This 36-page booklet contains historical information about Erie, Pa., and lots of business ads. The entire inside of the front cover is an ad for Clark’s Business College (established 1883 – incorporated 1890) in the new Downing Building, corner of Ninth and State Streets. Tucked inside the booklet were two scrip notes from Clark’s Business College. The front of one of the scrip notes is shown in the right image below.
This 5 cent scrip note was sent to a resident in Woodcock, Crawford County, Pa. in 1902. It was to be used at the local store in Woodcock, which was C. Schuttz. To see a picture of the Schultz Store visit our More Local Post Cards Page.
This March 10, 1933, $5.00 depression era scrip note is from Erie, Pa. The back says “This order may be used in payment of bills, the purchase of goods, or other transactions, in Erie Pennsylvania. It will not be acceptable exchange for U.S. currency but will be accepted for deposit at any bank in Erie, Pennsylvania. NOT GOOD AFTER 90 DAYS.” This note is rubber stamped by Central Branch Security Peoples Trust Company of Erie, Pa.
Both the Erie Oil and Gas Company stock certificate, shown above, and The Crawford Oil and Gas Company stock certificate, shown below left, say signed “at Meadville, Pa.” (one is signed and one isn’t). Both were incorporated under the laws of the state of West Virginia, but on the backs of the certificates, the printing says “Erie Oil and Gas Company Meadville, Penna.” and “The Crawford Oil & Gas Company Meadville, Penna.”
Non-Pennsylvania
This little scrip note doesn’t fit our collection, but it is interesting and rare enough to be included. It only measures, less than an inch tall by less than 1 7/8 inches long. Made by the “HAMILTON BANK NOTE ENG. & PTG. CO. N.Y.” It is for: One Fare on the Washington Railway & Electric Company, District of Columbia.
Just for fun. Serious long-time collectors know that sometimes, in order to get an item you want for your collection, you may have to buy a group of items. These extra, related items, may become unofficial members of the main collection because they are interesting in their own way. Here are some of the extra banknotes that we have acquired over the years.
Here’s an interesting, related item, that few people get to see. They are sometimes refered to as Paper Money Brick Labels. These are two sets of boards used to protect brand new Federal Reserve notes during shipment. In this case the Cleveland Federal Reserve Bank is shipping groups of 4,000 one-dollar bills to a banking center. One label says: “CLEVELAND PKG NO. 2711 4,000 FEDERAL RESERVE NOTES SERIES 1981 A 1’S $4,000 BEGINNING SERIAL NO. D10840001B.
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