The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1882-10-25
THE BUREAU OF ENGRAVING.
Making Models for the New Bonds and
Bank Notes.


As soon as the act authorizing the fund
ing of the continued 81 per cent bonds into
3 per cents was passed, the Secretary of the
Treasury directed the Chief of the Bureau Of
Engraving and Printing to prepare models
for the new bonds and submit them for his
approval This was DONE and the plates OF
some of them have already been made aud
the printing commenced. The bonds will
be registered only, and of the denominations
of $50, 800, $500, $1,000 and $4,000.
The face of the $50 will have in the upper
centre portrait of ex-Secretary of the
Treasury Fessenden, with ]athework coun-
ter containing the denomination on either
side. In the lower centre will be picture
of the Treasury Department building Over
the head of Fessenden, forming the arc of n
circle, are the words, "Three per cent loan,
1882" and Immediately beneath the por-
trait is the date of issue, august l., 1852
Along the left side extend the Roman fnsces
and axe, with the monogram :" u. s." in the
centre and the motto sc Pluribus Unum"
in scrollwork. Down the right border are
the words "Act of July ~, 1892" The
centre is filed up with the story. The other
denominations will be the same, with the
exceptions of the necessary changes to indi-
cate the amounts and the portraits, which
will be as follows ON the 300 the head
of Dewitt Clinton; on the $500, that of
Benjamin Franklin /; on the vi, 600, that of
ax-Presdent Garfield, and on the $4,000
that of Alexander Hamilton. The backs of
these bonds will be different from any that
have ever been made On the first fold will
be large denomination lathework counter;
on the second will be, first, the act author
izing their issue, then an oval denomination
lathework counter, under which will be the
number of the bond. Then follow the
words, "United States Three Per Cent Loan
Of 1882. Transfer, No. =. Original date
and original number" thus making a
complete brief of the bond. This form of
brief is Secretary Folger's own idea and its
convenience will readily be seen. The re-
mander of the back is occupied by the reg
uar form of transfer which is found on all
registered bonds. The backs will be print
ed in the following colors $50, green /;
800, blue, $500, red; 1000, brown, and
$40, 900, black. With the passage of the
National Banking act authorizing the M
tional bank whose charters had or were
shortly to expire to continue their organiza-
tons within two years. it was determined by
Secretary Folger to make new notes which
should present additional obstacles to the
counterfeiters. As the five dollar note was
the one most generally selected an entire
new model for this note WAS prepared by
Mr. George w. CASTELAR,, the superintendent
of the engraving division, which is as fol-
lowg :-On the left is a large portrait of ex-
President Garfield, above which is small
lathe work denomination counter. On the
upper right side is larger denomination
counter, and the charter number OF the bank
is repeated six times in the border. The
usual title and story fills mp the centre. In
the denominations of $40, $40, $50 and
800 no change has been made in the vg-
nettes, but the charter number is repeated
in the border as in the five dollar notes.
The backs OF all the new notes will be
printed in chocolate brown, instead of green
az heretofore, and in the centre, where the
large pictures have been placed, there will
be large series of latbework counters,
across which will be printed in some color
yet to be selected the charter number of tho
bank, each figure resting upon large lathe
work counter. The National Banking act
authorized the issuing of gold certificates,
and the models for these are now being pre-
pared by Mr.. CASTELAR,. - Washington Re-
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