Weekly national intelligencer., 1863-02-12

Every of these Banks has its separately engraved
and printed notes. differing in form design pctoriay,
and each Bank issues the various denominations which by
usage seem to have become rule
Our paper currency may therefore be designated of
the denominations of one, two, three fve ten, twenty
fifty hundred five hundred and thousand dollars
This shows ten different denominations the usual quota
from the prominent old Banks in the Eastern and Middle
States 1t may be- stated however, that Of the Banks of
tue West, &C. the larger denominations above named
rarely used-hey seldom issue notes of denominations
above fifty or one hundred dollars.
In view Of these facts, and to the end thar may
present fair average exhibit, let us allow different
forms of each of these 1876 Banks The result OF
this simple multiplication will give the formidable number
of $50 Uariess Of notes circulation aud from
these accredited Banks.
Moreover the varied issues of the fraudulent broken
and worthless Banks should not be overlooked OF this
class-of Retired Banks they are styled-s54 are
enumerated in the published list furnished by the De.
scptye List for January 1868 Such these have here
,fore contributed and many instances still contribute
their quota to this promscuous catalogue.
oue phase Of paper currency, eDgendered by this
mutform system, cals for specisl notice and consider
ston We refer TO countereng II may be safely state
that the art pursued in the United States is with
out parallel aud that, without vaunt byperbcle we
couutsrfelting species Of literature, unknown
the rest Of the world been initiated among Us and
DO merchant mechanic deems himself safe unless be
cousults the Counterfeit Detector' These publications
hare become articles Of prime necessity 10 the profit
Of the publishers doubtless If not to the communy and
they spawned weekly seui-moutby, and monthly in
most Of cities We need not enlarge upon this topic,
amazing it always appears to foreign observers and
writers these subjects.
The absolute facts as detailed by thosa interested in
keeping the records Of countefe appear onsrous and
fabulous ond credeUce Of the various kinds it
s estimated that ttere about ak thousand How many
Of each kind must be conjectured have Of
catechspg the orgiDators 1t would seem, however,
the rule that the better the Banks the the
counierieits We cite 10 illustration that
has hundred aud eightyfve Banks "Thonpsous Re
porter Of recent date describes counteries on one
dred and siIty.nine Of these and "Gwynne g. Days"
specifics hundred and seventy.four like inference
may be drawn from the horities in reference
the Banks Of New York. OF three hundred aud three
Backs enumerated in that State, it is stated that the
issues Of only forty.fve not counterfeited
OF the various SPECIES of cOuuterfets they called
ii ascertaned that but small part of the whole cir
culation is composed Of bona fde limitations" Of the
genuine notes. Those known as alterations" number
highest One of this Multiplicity of altered notes is
attributable to the similarly Of titles among Banks iu
different sections Of the country As for instance, we
fud twenty.seven "Upion Bauks Of which il
the State Of New York A yet further aid to I" aters
tons" in the frequent Of the same devices notes
OF different B,nks AMI often Of different Banks Of The
same
Next in number to The alterations" come the spu
| r!Vus," such resemble in tite only the notes foi
which they are intended TO pass These notes are from
hrnk M 81 nj. IN
although not unfrrqneuty from tho debris material o
broken or retired Babknote engraving establish
ments.
Ia view Of such promiscuous, mutform aud dubious
circulation, we think will be generally admitted by the
public and BY conservative binkers that plan which,
like that OF Mr. Secretary CHASE proposes 70 put an end
| 10 these evils deserves favorable consideration