The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-28

Hoaser o., wipeus, N. T., failsd and assigned.
xsio sbou, $50 coo
s,sd SIN, auss Co., San Ersnosoo, CAL. susPsaasf;
Carr srOtisr. Co Newcastle. England, suspsads<,
nbi'isS very isIge-to single banking FIR sna 70 IS
BOGUS BANK BILLs-HTsTORY OF COUN.
TERFEITING-ITS REMEDY.
TO TAB EDIrox or TIN HksALp.
The circulation OF ton thousand dollars in bogus Lee
Bank notes in day. In New York alone attracted ssus
attention from the bogus baby affair and pay b sas
few hints, by one well posted viii reoeive alton saz
particularly when that Of the work vac
originally done by engaged In bank note srsray
Ing establishments In this city.
No reflection Is intended upon the reputation a iAsse
gentlemen. for inherent fault in the sys.em II en-
craving whcb makes frauds Of easy and freases
occurrence.
The defect alluded 10 viii DO explained In the fosUi.
history and origin Of
COUNTERPART HorB
The sst counterfeit notss The Bank o Engt,ad
In se 1868 Previous that period OF
bank haa cycusted for sixty ave years without any ~
tempt TO initiate them. rhe traced to Wiiaans
Vaughan linen draper who Ticed and eSsou.s
Vsughsns procesa Of manufacturing counerfess
reseuibed the OF bark note engraving pracaoea
this country for tse last thirty years u.s. theress-
worthy OF especial notice
Wi nout any skill eDgvaver Mr.. Vaughan conas.
cd the ides Of cltng bank note into many pieces
sod hen employing diff rent engrsvers to copy each s
on = separate paie.
work Of tne bet, ~ishoat Suspicion whss hs
then combined to form bis roun'erfstis.
AMERICAN sYsTsa sSGRavsa.
The resemblance between va1ghans plan or ooartss,
fetng apo Amer system OF engraving orig si
consists IN tbs, VIZ 10 orr bank nae engraving
anies employ different engrsvers 10 execute vasy
OF pictures tefavss plates and that these seyarA.s
plates, consisting OF vignee., titles denomnsuons ia.
are varionsl c1Dbned 10 form our notes
Mr. Wang an plan has simply been Sde practioaots
and profitable by the invention OF svng Steel hsFa
enpg dies sne OF transferring enrsvngs from slo
II may fsirIy be said that our present system Of sx
craving bank plates is most entail feaiarea
II does no. its crisn TO- At least bears erkiug
seshiance to that OF he aTs counseeter, Who huss
Tgg SYSTEM ooSpSxNsD BY TIL. BANK or ENGLAND
Al she tine the American invention OF engraving ~
s.ee occurred VIZ ISIS, banking tn TIL. country
rn ed 10 feT Institutions The 8Ans Or Elgs o.sd
largest field Tor enterprise forsees iacre~se
since vsrgbans execution until period
hundred and thirty executions occurred yes
The Arsefiosn srtst, spped for me work Of esEs
of England ubdr the mos favorable ,rcums,ancx ,ss
nA Inquiries regard If exeeps, which re.tso
In the pubhos,n OF Consreve's Analy sis or he Asrt
stem of Bank Note Ergrsy ing" in tina year isss
demonstrating THAI 1t was utterly worthless, ~ rean
| OF preventing forsey "
| now IT WAS Aporr.p IN THIS ooUsrsY.
Though condemned ny me Back Of Eogisnc the s7er
went into operation 10 this country qlely ~iarsS
question, sno hss c 'u,inast in ope'atpn ever sdce
QUALIFICATIONS
Tho qualifications necessary success, under this srs
tenn d. not ipvove professional knowledge Of
craving BUSINESS but smpy money t. purchase the ~rss
engs and political CO 70 ain emplo ner
and prevent coWpenu 10
QUALIFICATIONS OF oousrusyuruss
To be ssful feter under this syrtes 10
practical ssih necessary. little ~
!. requires to po rha.e the work OF original poe
and is'le Ingenuity to combines few plates into sAnf
forms
o,UsTsRYurrNe
Who has pos poieed similarity IN and appesf-cae
between notes syod In tbs city and those ssued In SsA
lnZtnn Exn Tek a nana Ast
used IN aesy the same combination 10 nsnua,ure then
all One bill may be good issue Of the Bank NsF
IKE lex ept the obscure letters depotins locA6oa
may be the tssue Of bogus Ocean bank, Wash
biz Of genuine back, tho other equally r.
genuine ~ 10 the engraving because done by the
osfn and .sneo BY uaioous n.me. - sresIaous md
cashier The ensravers som atitnss refuse to ted ~
whom they Old the wors ana thus shield he swndIor-
Tue very fact that the viguec frequently
on the nose~ OF orr Mt banks Is prc ,ha, hsat
coun s'fsts that don OF the Of another
ALL LAWS nsooGsizso rsS sysrsx HAVE xyoova>eD
o,usrERFGnso
All pArks In the New ArsiAnc States n su<
oh ise' by law use Peysns' a.: plates
rioe maze stereotype plates Of their Jss
ieci thai ioe plan ro snoisbed.
The general b'nsrg h- OF New York MAKES ouy cse
qraly ~ noss secure, vz:Ths they shall be rcdeem
the bank Bot he other 1uapy viz Of h,,1sI
,heDo'es Asansi fers worse than sesis
~orse thar neg ecod because the lsw, from ara is,
- - =. a. o.s''" ~
nss OF eerks ont oily enc tentsooe cooosrBus
VIC sspu neless ~ ,oe TIE. q nv, ne eviuons oS
u 49, W snNes rnu' SO eqnAhy o'mnnea ~
bans note 70 give any vAus 1hst sentence IL tnptg
"'. :. . A., -.
q carse a be engraved md printed 10
~ ., y. "'~'e' iei4e sue" q'>n'Aes " orVs
w, wry M, noi,h tho -holo Law by dispoias
~ 1920. us ~ : y Ns, " ~ ~ = = -,
,,..o ~ 49,, - 's''py suno''1ea " !"
-, - - -. ,',,.. 49,. o., 49,, A.. $4,000. A.. ,.,,.'
9 enc we Y Anes ae ~ eass I'm oranos " tae poboe
h, So , W. ~ W y, S,'ns. ~. nos's ~ss
a.. >, ~. ~ 49, nv .os" p,"la u"e ~
-. n, A, wy ", NV wv IA" '"a'o o"NN
a., ~. ~, 80. :. . .,,,.. -. 49,.
,r 4, ,,a 49, y. 80 -, 1s Wv =, NJ.
". ~, 80. -. :, =. o ''p'''''o' "'' MI Nv
us.n,' -. 80 80, !, \. ~ = -. A.. 49,. -. =.
,..a,,,,r, 90 .s,pf.taa WV 49, ~1 '"' 'i'"' +"
n ,opd he ,sa,' .b.,,s N ,,,o,, s,,a,.,.,4,..
sbo h,d nevs, .ss.o s.osv roox ~ =. 40 ~. vo.- "a
80 .Io,ss is,o A !, b.,br NJ Ne- yoxs 90 49, 49, -