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    STUMP-TAIL CURRENCY,

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    The Bankers Magazine [vol. 17] (pg. 183)

    /1863

    President 14 50 000 par awarded 13 000 25 000 30 000 30 000 25 000 25 000 7 000 8 000 8 000 7 000 7 000 50 000 Milwaukie The Milwaukie County Bank has been established under the general banking law of the State of Wisconsin John Armstrong President William Young Vice President J L Spink Cashier This bank takes charge of the busi ness of the late firm of Armstrong Spink A Co STUMP-TAIL CURRENCY, In the Western States they have had wild cat and red dog currency To these are now added what they denote as stump tail currency This term is used to signify the notes of those banks whose circulation has been based on bonds of the Southern States Soon after the breaking out of the present rebellion these bonds proved utterly worthless and the banks which held them ef a consequence cave


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    WAYNE'S WORDS: THE E-SYLUM JUNE 3, 2018

    06/03/2018

    ry tokens Sacagawea dollar model Randy 39 L Teton the Trial of the Pyx highlights from multiple numismatic sales and coins of the Roman usurpers To learn more about Eugene G Courteau 39 s token monographs Wayte Raymond catalogues naval and maritime engraved coins The Journal of Early American Numismatics JEAN the 226 128 156 fond old dreamer 226 128 157 Daniel E Groux STUMP-TAIL CURRENCY, coin operated piano tokens the Black Penny the 1949 Assay Medal and birthday boys Harvey and Maurice read on Have a great week everyone Wayne Homren Editor The E Sylum Back to top


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    MORE ON TOUSLEY'S STUMPTAIL CURRENCY

    06/17/2018

    eloped into paper money How this money came about is explained in J M D Burrows 226 128 153 s Fifty Years in Iowa In the winter of 1853 1854 Burrows and Prettyman were buying hogs and shipping them east The drafts received from the eastern merchants were sold to or deposited with banks in Illinois or with Iowa firms doing an exchange business To read the earlier E Sylum article see STUMP-TAIL CURRENCY,AND THE INTERNET ARCHIVE http www coinbooks org v21 esylum_v21n22a13 html Back to top


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    The Bankers Magazine [vol. 38] (pg. 413)

    /1884

    394 THE banker s magazine November sour flour He then gave a little dissertation on how banking was done in Mineral Point Wis where the deposits suddenly disappeared and the parties came to Rockford and were arrested there but the bank never paid anything Shortly after the Green Bay Bank disappeared and then the banks in other States collapsed and the STUMP-TAIL CURRENCY,came into vogue which lasted until the commencement of the war when it suddenly collapsed and disap peared and gave way to the excellent currency which is now in circulation After the speaking was ended the President returned thanks to the gentle men who had addressed the meeting and the body adjourned The occasion was a most delightful one Why do not the bankers in other cities imitate t


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    The Bankers Magazine [vol. 16] (pg. 97)

    /1861

    onvert it into bonds for a small commission and can furnish bonds for mixed lots of it in which there may not be enough of any one bank to pay for a bond The paper yields more when converted into money in this wav than any other For a list of the banks kinds of bonds rates Ac apply to that firm Gold for Money Every day is removing the injury inflicted upon this city by the downfall of STUMP-TAIL CURRENCY, The stuff is rapidly disappearing from circula tion and good money is taking its place The express companies are bringing on an average per day 100 000 of the solid coin which is disbursed among the farmers in payment of grain and cattle The wild cat currency is passing away as fast as the coin comes in to fill the vacuum Business is now transacted by the specie standard in this city Ban


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    Numismatic Notes and Monographs, nos. 110-114 (pg. 479)

    1/1/1949

    e tribe As in Michigan in earlier days they flourish with a vigor of growth and length of claw and sharpness of voice that are nowhere else at tained 34 Another contemporary writer furnished this illustration of cer tain notes that were in circulation in the State bank note era In the Western States they have had wild cat and red dog currency To these are now added what they denote as STUMP-TAIL CURRENCY, This term is used to signify the notes of those banks whose circulation has been based on bonds of the Southern States Soon after the breaking out of the present rebellion these bonds proved utterly worthless and the banks which held them of a consequence caved in Their issue became stump tailed that is reduced to nihil Historical Magazine no date or location 35 A correspondent of the


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    Numismatic Notes and Monographs, nos. 110-114 (pg. 578)

    1/1/1949

    Y Valley Bank 67 151 Spurious Currency comments regard ing 43 Spurious notes 14 15 16 17 37 41 43 State bank notes liability for redemption of 25 10 tax on 77 State Bank of Indiana counterfeits on 42 State Bank of Michigan 43 State Bank of Missouri 37 Stereotype plate see Perkins Stereotype Steel Plate Stolen Notes 23 25 Storm Morgan 131 132 Story Francis V 110 STUMP-TAIL CURRENCY, 56 65 73 74 75 Subscription rates see Bank note reporters Sucker 70 Suffolk Bank Boston 17 Swan Samuel 124 Swan s Bank Note List and Detector Montgomery Ala 124 Sylvester Co E J Ill Sylvester Sylvester J 109 111 125 141 Sylvester s Bank Note and Exchange Manual 141 Sylvester s New Reporter New York 111 Digitized by Gck igle Original from UNIVERSITY OF MICHIGAN


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    Numismatic Notes and Monographs, nos. 114-115 (pg. 91)

    1/1/1949

    e tribe As in Michigan in earlier days they flourish with a vigor of growth and length of claw and sharpness of voice that are nowhere else at tained 34 Another contemporary writer furnished this illustration of cer tain notes that were in circulation in the State bank note era In the Western States they have had wild cat and red dog currency To these are now added what they denote as STUMP-TAIL CURRENCY, This term is used to signify the notes of those banks whose circulation has been based on bonds of the Southern States Soon after the breaking out of the present rebellion these bonds proved utterly worthless and the banks which held them of a consequence caved in Their issue became stump tailed that is reduced to nihil Historical Magazine no date or location 38 A correspondent of the


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    Numismatic Notes and Monographs, nos. 114-115 (pg. 190)

    1/1/1949

    Y Valley Bank 67 151 Spurious Currency comments regard ing 43 Spurious notes 14 15 16 17 37 41 43 State bank notes liability for redemption of 25 10 tax on 77 State Bank of Indiana counterfeits on 42 State Bank of Michigan 43 State Bank of Missouri 37 Stereotype plate see Perkins Stereotype Steel Plate Stolen Notes 23 25 Storm Morgan 131 132 Story Francis V 110 STUMP-TAIL CURRENCY, 56 65 73 74 75 Subscription rates see Bank note reporters Sucker 70 Suffolk Bank Boston 17 Swan Samuel 124 Swan s Bank Note List and Detector Montgomery Ala 124 Sylvester Co E J Ill Sylvester Sylvester J 109 111 125 141 Sylvester s Bank Note and Exchange Manual 141 Sylvester 8 New Reporter New York 111 Digitized by Gck igle Original from UNIVERSITY OF CALIFORNIA


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    The Numismatic Scrapbook Magazine (pg. 85)

    1/25/1969 Numismatics; Periodicals

    tossed and tumbled in his bed that night and his sleep was disturbed merely thinking about it Should this compartment be empty at the close of the day it was a source of elation and he could sleep without worry Some of the names endearingly atta ched to these worthless or near worthless notes may be of interest to the reader and cause a smile or two because of their caustic humor The term STUMP-TAIL CURRENCY, was generally attached to notes of banks whose circulation had been based upon bonds of the Southern states after the start of the Civil War these bonds became worthless and the banks failed their notes becoming worthless also Crackee and crackee jr referred to certain notes circulating in or near Erie Pennsylvania about 1 8 4 3 Crackee was so called because of the crackling sound mad


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