New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-12-21
The shipments for the same time were:

Beef Caitlc' No.......... 80 iGoTs
Hides, b................ 3R t,B 164l,cl
W COL, ib................ 2J,UJl l,JjJ, Ia
The stock of -four and grain at Chicago, ct the
commencement of the present week. was as follows:
Wheat bush. ,48 Rye, BUSH. ...,... 1896
Corn, ,a54 $50 Barley, Dush. $3.50
Total .......3g763
Flour, bOls.
| Tie consolidation of bank-note engraving firm,
into the monster American Bank Note Company alb
sorbed all the leading houses in this country, and
threw all the business into the hands Of a monopoly
But hardly had the new company got settled in it;
offices, before certain talented young men determined
upon forming an opposition company with sufficient
capital to compete with is rival for fair STARE OF
public patronage. Accordingly, about two years ago,
the new CORPORATION, under tie title Of The National
Bank Note Company" commenced lis business ca
reer. The prime movers in the enterprise were the
old employees of the house of Danforh, Wright Il
Co.. vino succeeded in periecting the necessary ar
ranseUens with few prominent bankers who saw
prospective profit in such investment Of capital.
Stock to the amount OF $4,000 taken the money
all paid i'll, and premises secured at the corner
of Broadway aud Wall street, and in the bank build
ing of Duncan Sherman 81 Co. in Nassau street.
I
ingenious mechanic aud eDgrayer, was placed IN
charge OF the mechanical department, and with the
assistance OF the artisans of the company at once
constructed the presses aihes and geometrical lathe
presses required in the business of banknote manu-.
f,ciure "a large scale. The machinery which he
nas produc. is Of tie finest workmanship, and toe
improvements which his experience and ingenuity
suggested have enabled him, with limited force q
turn out an unusual amount Of work Of fine quality
in given time.
The affairs OF the National Company are MANAGED
By "A President and Board of Trustees. The Presi.
dent If Mr.. Il. 5. Oakley. who was fo- many years
Cashier Of the American Exchange Bank, bet re-
signed the post when invited To assunc the financial
management Of the National Bank Note Company.
The vsucite engraving department Is superintended
by Mr.. ~. ID. Nichols, WHO was formerly mOdelel
ANA vignette fnsher in the Philadelphia house OF
Daniorth, Wright 81 20. When the engrayers have
finished tie ban6-noe ate ii is taken in hand by the
SUPERINTENDENT re;ouchet, and toned in the highest
style Of art, bis skill with the grayer being much
superior to that OF his best subOrdinates. a real
Nestor among eneravers and inventors old Cyrus w.
Durand, now than 80 years of age, bus sill al
most NJ active M IA boy pres des in tue room where
the geometr.cal lathes turn out their wonderful
work. Tie achievements Of hs inventive genius
form such series as it has fallen to the lot of few
men 10 make and display versatility of mechanical
talent truly remarkable. His younger BROTHER long
time the respected Pfosidento OF the National Academy
Of Design, is no more eminent a painter than the
elder has b,en successful mechanic.
Mr. James Mncdonough is Secretary Of the Board,
ami at the same time iulflls the duties Of designer
and nodeer He was for many year designer and
mode Ter 70 the old firm OF Daniorth, Wright Co.,
and has produced Of the most tasteful and ar
tstic bank-noe designs in circulation. The business
OF designer is TO create "modes' of the notes for
reproduction by the engrvers on steel, and such a
man must in addition to fine sense Of the beautiful,
anu cultivated Taste, possess that eye for mechanical
PROPORTIONS which enables him TO apportion the sev
era parts Of the design with strict accuracy TO their
respectiye places The mscalcuaiion Of tie fraction
Of an inch at one ride of The plate would throw the
whole model into confusion; hence long experience
or great natural eye for mechanical proportions is
Prerequisite Tor success in this specially OF art Un
der the leocra supervision Of Dir. Macdonough, Mr..
Nichols and Mr.. D:intoEth there from 80 TO 100
emi loyees inclusive Of eDgrayers, printers, ma
clnisis and assistants. The composition of model
consists in taking proofs specimens OF bordering,
viqrettes aud lettering, which have been prepared in
advance, and FASTING them on piece OF cardboard
the sze OF the proposed note, the blanks being filled
in to suit the customer and vignettes being intro
inced when required. In ,hs latter of our
best artists is applied Tor such picture may be
desired By the applicant. TIE model being accepted,
goes to the transfer department, and The mechanical
appliances of Mr.. Danforth brought into requisi-
son. lie selects steel plate OF the required size,
takes suh Of he rolls and dies as eau be used and
tran ieis heir impressions to the plate Before this
IL done the distances the plate must be laid out
with tie incest accuracy, every part of the border
and every letter and figure IN the filling being as
signed its place. When the lettering Is arranged IN
arches or wave lines its direction is determined 10y
the aid Of an adjustable disc attached TO tue transfer
press. This press is made on Durlnds principle, but
mas been improved in certain particulars by the Ma
tonal Couipa The llate being 30 Ear completed
the new pOrtrnits or ygneltes are engraved on dies
aiken up on rolls and transferred TO the plate, tie
lettering is inserted the work touched up, and the
plate is then ready for the printer.
1t will he understood that the greatest safeguards
against counterielDgare First, superior excellence
in the engraving; second, the en- cyment Cf lwo or
more tints third, combination and geometIcal az
rangement OF lines in minute spaces which dees imi-
taton by hand work. The first, until the employ
ment Of photography by eounerieiter, was our prin.
cipa safeguard, for the banks could afford to pay the
most skiIiul engraveu to be honest, and of course
coun,erfelts by clumsier workmen were easily de-
iected Photography, however, reproduees the de-
sign on bank note to the njnutest line and point