The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1888-01-05
ABOUT PAPER MONEY

ABOUT PAPER MONEY
FRACTIONAL CURRENCY IN DEMAND
AT TWENTY TIMES FACE VALUE.
But Little Profit In Holding On to Con.
federate sorap-rho Continental Cur.
rency-Issues OF State Paper In Demand
by Collectors.
ssIf any Of the holders Of confederate
money hope that 1t will eventually reach
par, or anything like 1t, as curiosity,
they will have long time to wait" said
o veteran coin collector. s'The Continen.
tai currency issued by authority Of the
congress of the United States aells today
that Is considerable quantity Of IL
does-at less than q cent on the dollar Of
face value. The $50 bill issued under
resolution of May TO-. 1775, can now be
bought for 20 cents. The 80 bill Of the
Same date is also worth 25 cents. In
other words, the face value Of the bill has
no relation whatever to its value as .
curiosity.
'.Probably the nearest that any CONT
mental currency known to be for sale at
all comes to par Is In the case of the 81
and SIS bills printed under resolution Of
congress at Yorktown April II, 1778.
The 81 bill with boar and spear brings
$3 If in fine condition, and the SIS bill
with hand and brush also So II In good
condition.
.'Certain very small bills, owing to COM
parative rarity, bring more than some bills
Of very high denominations.
4Ageat many people have held on very
tanaciously to the Continental currency, in
the expectation that 1t would be redeemed
at par, and every now and then somebody
sends on his collection to Washington
demanding payment, only to be met by g
rebuff in some form or another. Even
now the quantity of Continental money
In the market Ia not unfrequently aug
mented from the hoard Of some departed
veteran whose father or family may have
given full value for It in times long gone
by, and who has kept It sooner than part
with It for sons as curiosity. The
heirs, however, having more Apractical
and less sanguine view Of tho ,ubject, arc
generally willing to let the STUFF go at col.
leetors' rates, and the garret or trunk that
has known It for so many years knows it
no more"
STATE ISSUES
|, "How about the state issues Of paper
money!
''They are Of considerably more value,
as rule, than the United States or Con-
tinental money, being much rarer, es
For instance, Connecticut five shilling
bill Of 1894 Is worth So; one shilling and
threepence Of the same date Is worth the
same amount; a twopeneo Of 1777 Is worth
$1.50, and so forth. The Delaware bills,
many of which were printed by Franklin,
are more common and less costly. Georgia
issues are scarce and costly, q, $50 bill,
however, being worth Just the same as q
quarter of dollar-$2. One Of these,
which represents q tree forcing milestone
upward by its growth, Is interesting and
suggestive, the motto also al uding to tho
growth of the colonies, not, Yithstandin2
the oppression Of England. Il would be
eninentlY appropriate, just a present, for
Ireland. Maryland bills are not 80 rare.
"a claim for e340 against the common
wealth Of. Massachusetts,, issued under
authority Of that state In January, 1850,
can be purchased for the moderate sum OF
$2 The treasurer Of the commonwealth
would, however, doubtless refuse to honor
It II presented. On the other hand .
Massachusetts, bill for twopenee, with q
pillars and Goldfish design, but no beans, Is
also worth 80, which illustrates more
plainly, perhaps, than any other compari-
son, how utterly the matter Of face value
is ignored In Revolutionary currency.
''New York money Of the revolution
brings quite fair figure, q bill signed by
Abraham Brinckerhof for halt q Spanish
milled dollar, Sept. 2, 1776, being worth
50. Indeed, with the exception Of few
G6 and e10 issues, most New York money,
colonial and revolutionary, Il worth more
than or about its face value. Interesting
issues are those Of the New York water
works, running from 1774 to 1776 inclu-
sive. AS curiosities these bills are worth,
in some cases more than in others, close
to the original value. AS to present val
ues, the New York issues present favor:
able contrast to those Of most other origi-
nal states.
INTERESTING READING.
ssFor inscriptions North Carolina cur
rency takes the prize. II King George
ever got hold Of any Of the currency Of
that state 1t must have been interesting
reading. It LIS, however, rather calcu-
lated to arouse mixed feelings to seea $40
bill with the inscription American Union
Forever going for afty cents, while a $40
bill reminds Americans Of the cost of
championing Freedom Of Speech and Lib
erty Of tho Press by scale Of Just $50.
"a Virginia bill of $500, issued for
army clothes, Is worth only the moderate
sum of So, while $500 bills Of the Same
only fifty cents apiece. A Virginia 81 900
bill Of 1871 is rated 40 num 81 to $3.50,
and $4,000 bill Of the same year, but q
later issue, is worth $1.60 to 81. Virginia
appears to have gone In more heavily than
any other state on bills Of large denomi-
nations.
<sThe worth Of Confederate money as
curiosity, like that of Continental cur
rency, bears no relation to its face value.
The possessor of one Of the very few
Confederate silver hah dollars, struck of
about the beginning Of the rebellion, rates
its value at 81, 900. On the other hand,
Confederate $500 bill with picture Of
Stonewau jackson Is worth just twenty
five cents. A 500 bill with the head Of
Mrs. Jefferson DAVIS can be bought for
fifty cents. There is not Confederate
bill In existence, whatever its face value,
worth moro than 81. None Of the state
issues of the Confederacy reach ST In
value, although five and ten cent shin
plasters of Alabama, North Carolina and
South Carolina bring fifteen cents apiece
among collectors.
SIN the dark days Of the war even the
most enthusiastic Unionist could hardly
hare anticipated that within quarter Of
century five cents Of United States frac.
tional currency would be worth from fifty
cents to 81, or from ten to twenty times
the lawful value. Such, however, Is the
fact as to the series Of 1862, while certain
specimens Of all the issues ere largely in
demand at high prices. New York Sun.
Hearts OF Great Men.
The relic preserved as Shelly's heart is
now commonly believed to be his liver,
and the assertion is made that Napoleon's
heart at the Inyalides is, In fact, no part
Of the "Little Corporal's" anatomy. The
doctors who made the autopsy of his body
were interrupted, so the story goes, by
nightfall, and on returning found that hia
heart was deyoured by rats, whereupon q
sleeps heart was substituted. This
rtnrv hogeyer js nronouncef1 pNtiro1v nm.