The Montgomery advertiser., 1906-12-16
BILLS THAT ARE
 NOT OFTEN SEEN
BANK NOTES AND COLD AND sLL-
 YER CERTIFICATES.
@To OrderD Notes Tint Have NO Value Unless Indorsed--Bfg For- tunes In Very Small
 Packages.

as he picked up from his desk brand new gold certificate of this denomina- tion md handed 1t to the latter, to hold for a moment while I tell you some things about. the bills or the highest denominations which will be found of interest"
 "These sIO,0OO notes, the highest is- aued bv this Government, are not in general circulation. They are never seen by the average individual, to whom a $100 note seems big, and whose vision rarely rests upon denomlna- tfon higher than a $20 or perhaps a $50 note. Even rich men do not carry them around in their pocekts, as some of our poorer brothers seem to think and take them out for covetous exam ination in quiet and unseen corners.
 sThey are almost exclusively used by banks in making their settlements and in various large financial trans actions where heavy amounts in actual cash must be transferred from hand to hand, or bank to bank. They are, however, held by the banks as part ofss their cash reserves. You see, 100 of these notes make $1.000,000 and they constitute a small package, a little more than half an inch in thickness.f
 Tn fact. a package of the $I0,000 gold certificates containing 1000 of the notes, or $40,000,QOO does not make a bundle larger than a man can con- veniently carry under his arm, and the same is true of a similar package of the s5.000 denomination. containing $A0o0,000. A man could go along the street with both packages under his arms, or with $So,Ooo,o0o In gold cer- tificates, without any trouble--if he could get them to carry.
 These large notes are also used for clearing house purposes and where if is desired to convey a large amount of money in a small compass, as is fre- Guently the case in business trans actions. They are also held by cus-. todians of trust funds and trustees. You see. it would take a great amount of time to go over the reserves and , cash assets of bank if sfnalf bflis, such as the S100 denomination, for inc . stance had to be counted, but 1t takes but few minutes for bank to pro- duce it's cash reserves when the bills are of the s1,O00. $5,0OO and S10,00O denomination.
 "Yes. indeed, it does sound good to talk about these bills of large denom- ination. but 1t would feel better to handle them if you owned them hut when you are on salary one denom- ination Is about the same as another,
 
 custody. We have about $68,O00.000 of the S10,000 gold certificates in our vaults in the Treasury. and about $26,- 100000 of the s5,000 denomination. sol l guess we can do business at the same old stand with these bills for a little while longer.
 @Here is a note," said the official. which is rarely seen by the general public. You observe that the face val ue Is $1O.00o but that the back of the note is perfectly blank. without en- graving or printing of any kind-just as the original paper came into the Bureau of Engraving and Printing, but that on the face are two blank spaces and lines near the bottom of the note for the name of the indorsee and the indorser.
 ''These notes are called to order notes, and have no negotiable value unless indorsed, and are very much like checks until they, are filled out wtkik the ihstus Of e.soWneS and hae indelSee8 These ito order notes are alsosnsed in large transactions in fin- ancial circles, and are found useful in many, instances.
 "They may also be used by trustees and as trust funds, and can be put to many purposes where 1t may not be de- sired to use either the regular stand ard gold certificate or a certified check. But they are somewhat of a curiosity, and only comparatively few people have seen them.
 "The gold certificates of the. larger denominations are beautiful specimens of the engraver's and printers art.The paper is of the finest grade, of course, the yellow eoloring is richly attractive to the eye, a5 no doubt the presence of a few in ones pocket must be. |. pleasing. fr- san g.f
 'on the face of the s1o.OO0 goldrcer. tificate to the left appears the vig- nette of Jackson, while the main fea- turlr to the right is a finely executed | piece of scroll work. with the numerals of the denomination in the centre thereof. Though the centre of the note in artistically arranged and engraved words, extending from the top of the note to the base, appear the words ] wRtEh,,are substantially the same in form upon all gold and silver eerti- ficates-of the usual formula as to there having been deposited in the Treasury it's face value in gold or silver cion as the case and the denomination of the certificate may be,
 "On the back of the $10.000. certifi-' cate the scroll and the numerals ap- peaI on the left hand side of the note. 1 while on the right Is the eagle with out-stretched wings and the American flag. The $5,OOO gold certificate Is substantially the same in general ef- feet, with the necessary change in the and the vignette of Mad ison is engraved instead of Jackson. On the back the eagle is much smaller than on the back of the S10,0QO gold certifcaite
 Here is a note which is curiosity for it is the only one now in exist ence," said the official. producing s1O,OO0 United States note, that I know of Notes of this. denomination are now made in the gold certificates. which have just described to you and l which certify that their equivalent l amounts In gold coin have been de- posted in the treasury.
 "This note, however, is a United States legal tender note, which used to go under the popular generic name of the greenback. It also bears on the left hand side the vignette of Jack son, with the scroll and the numerals of It's face value on the right hand side. But in the centre the engraving and lettering states that the Unied States will pay to bearer s1O.O00 on demand Its back is very elabOrately engraved with the American flag and n large eagle perched upon rock in the centre of the note, while to the right is a sea scene with the outlines of several ships. We are preserving this high denominationaI old style legal tender note, which we believe to be the last of it's series. with much care, and