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|Chicago Coin Club|
|Volume 49 No. 10||October 2003|
President Mark Wieclaw called the 1017th meeting of the Chicago Coin Club to order on September 10, 2003 at 7:03PM. The meeting was held at 1 Bank One Plaza.
The August meeting minutes were not submitted in time to appear in the Chatter.
Treasurer Steve Zitowsky gave a treasury report as follows:
|TCF Checking Account||$2,130.56|
|Bank One CD||1,456.01|
|Bank One CD||1,457.39|
|Dreyfus Money Market||1,869.83|
There were four guests present: Peter Guzman, Dean Candy, Bob Graves and John Tandrich.
First Vice President Robert Feiler outlined our upcoming meetings:
Bob then introduced the featured speaker Mr. Richard Hamilton, CCC member and former Secretary of the club. Dick spoke eloquently on the histories of the numerous Chicago railways and related companies as he presented stock certificates from the following companies: Rock Island, Illinois Central, Chicago Burlington & Quincy, Chicago Northwestern, Chicago & Alton, Cleveland Cincinnati Chicago & St Louis, Wagner Palace Car, The Pullman Company, Chicago Portage & Superior and the Union Station Company. The vignettes and engravings were remarkable in their artistry and technical execution.
Robert Feiler thanked Dick for his presentation and presented him with the featured speakers medal and an ANA educational certificate.
Second Vice President Jeff Rosinia announced there were 9 attendees who were participating in show & tell. They presented as follows:
Reading of Applications for Membership:
There were no readings for membership.
Lyle Daly advised the club that the first meeting of the CCC Discussion Group was a great success. The second gathering will be on September 24th at the business offices of Harlan Berk. The topic will be coin conservation and will be moderated by member Tom DeLorey. A reminder email will be sent.
A meeting of the 85th anniversary committee will meet Wednesday September 17th at Connie's Pizza. Mark Wieclaw will send a reminder email to committee members.
Steve Zitowsky noted that the Tally sticks for the CICF giveaway to be developed by Bob Leonard have been purchased.
The cost for the Year End Banquet needs to be established. Lyle Daly, Steve Zitowski and Bob Feiler will review the documentation and recommend a per person price.
Mark Wieclaw recounted that after much deliberation, the life membership for Lyle Daly was approved last month, and a membership card was presented to Lyle.
Carl Wolf shared with the club an article on Autism and we all noted some similarities between our hobby and the symptoms of this affliction. Thank you Carl.
Member Don Perlman has donated a portion of his personal library to the club. Members are asked to consider if these volumes should be included in the November auction.
The meeting was adjourned at 9:35 p.m.
Respectfully submitted by Lyle Daly
Presented by Richard Hamilton to our September 10, 2003 meeting.
Last month's talk on Early Trains on Obsolete Currency, this talk on Stock Certificates from Illinois Railroads, maybe we should find some stamps with trains for mailing this Chatter. Although it took some years for railroads to reach Illinois, the state's geography and location guaranteed it a prominent presence within the burgeoning railroad industry. The rich farmland and growing cities produced much material needing shipment to market, its long north-south run with minimal obstructions meant that much east-west commerce could easily cross it, and the long obstruction of Lake Michigan to the north provided a natural funnel on east-west commerce. Richard's presentation concentrated on the stock and bond certificates of railroad companies having a presence in the Chicago area.
First shown was a 100 share certificate of the Rock Island Line that Richard acquired from a Rock island employee outside the railroad's bankruptcy auction held at the old LaSalle Street Station; at that time, bonds were available at the store in the station. Originally chartered in 1847, by 1852 track reached from Chicago to Joliet. This line ran the first train across the Mississippi River in 1856, was represented by Abraham Lincoln for a time, was part of the trans continental railroad system, and had the first train robbed by the (Jesse) James gang.
Next shown was a 100 share certificate of the Illinois Central, also known as the Mainline of Mid America. It was the major north-south railroad operating between the Great Lakes and the Gulf of Mexico; the stock certificate included a system route map. Chartered in 1851, it was the first land grant railroad. The line established towns every ten miles along its route, naming the towns for major shareholders and employees. Casey Jones was the most famous employee of this railroad which, in 1999, merged into the Canadian National system.
Richard's favorite certificate is a 100 share certificate dated 1901 of the Chicago Burlington & Quincy Railroad (CBQ). Operating a line between Batavia and what is now West Chicago by 1850, it first grew only in Illinois, but eventually reached Denver and had many railroading firsts, including a printed telegraph in 1910, radio on a train in 1915, and the streamlined Pioneer Zephyr train in 1934. In 1970, it merged with three other railroads to form the Burlington Northern, which merged a few years ago with the Santa Fe to form the BNSF.
A stock certificate of the Chicago Northwestern Railway Corporation has a unique appearance due to the trackage around its perimeter; backage tags and other railroad elements are also included to provide an effect Richard has never seen elsewhere. Started as the Galena & Chicago in the late 1840s, and eventually reached as far west as Wyoming and as far south as St. Louis. This company is known for many firsts, including the first Chicago passenger depot in 1848, the first cupola caboose, and the first postal car. In 1995, it became part of the Union Pacific Railroad.
A discussion of the nomenclature used to identify train engines arose while viewing the above certificate. For example, the description 4-6-2 means four (small) leading wheels, six (large) driving wheels, and two trailing wheels. Afer the meeting Don Dool distributed through our email list a web site which describes the matter in detail; it is at http://www.nashvillentrak.org/Whyte.html.
Richard next showed a $1000 3% gold 50 year bond of the Chicago and Alton Railroad, with a beautiful vignette. This line is remembered as the first to use Pullman sleeping cars.
Another less-familiar line was the Cleveland Cincinnati Chicago & St. Louis railroad which was formed from the merger of many small, local lines. Although neither reflected in its name or on the shown certificate, this line was part of the New York Central system.
A number of companies made sleeping cars, and Richard showed stock certificates from three of them starting with an 1893 certificate from the Wagner Palace Car Company. Next up was a certificate from the Woodruff Sleeping Parlor Coach Company of Pennsylvania, and he concluded with a Pullman certificate. Pullman was the most famous manufacturer of these cars, and is best remembered in the Chicago area for the company town now a Chicago neighborbood. The company was started in 1867, and the town of Pullman was starte in 1880. Richard finds his 100 share certificate appealing due to a stamp on the face identifying it as being sold by the Pullman Free School of Manual Training.
An 1881 $1000 first mortgage land grant bond of the Chicago Portage and Superior Railroad is a reminder of this railroad which failed in 1882, leaving work crews stranded in cold weather after passing through Portage, Wisconsin. The governor of Wisconsin interceded and it became part of the Omaha Railroad, which later became part of the Chicago and Northwestern.
Richard concluded his talk by showing a specimen, serial #0, of the gold bond for the Chicago Union Station Company, due 1963. The vignette shows the planned station, which appears quite similar to the station which still stands today, and through which some club members travel to attend our meetings. Although, at its peak, 300 trains arrived and departed daily, most trains now serve the local commuter market, far outnumbering Amtrak's inter-city trains.
They may no longer run their own passenger trains, many small branch lines have been abandoned, and most major lines have been lost through mergers, but these bond and stock certificates provide an artistic and enduring reminder of times and places in our nation's histry.
Each image has a scale in the lower-left corner, with the tics spaced 1 mm apart. Because the brightness and contrast were manipulated on a computer, the coloring of a coin's image differs from the coin's actual coloring.
|Date:||October 8, 2003|
1 Bank One Plaza Building (formerly the First National Bank Building); 18th Floor, on Dearborn between Madison and Monroe. Enter the building at the South entrance of the Dearborn side, sign in at the security desk and take the elevator to the 18th floor.
Please remember the security measures at our meeting building: give a club officer the names of all your guests prior to the meeting day; and everyone must show their photo-ID at the security desk.
|Featured speaker:||Robert Weinstein - Indo-Sasanian Coinage|
|Indo-Sasanian coins were first issued about 550 AD by the Gujuras, a Hun tribe. Robert Weinstein will show these coins struck in Northern India for several hundred years and derived from a Sasanid Persian prototype. Designs were copied and the copies were copied, resulting in a rapid degradation of design. Some varieties are barely recognized when compared to the original type.|
The club auction is scheduled for 7PM, at the start of the regular November club meeting. In the past few years, club related material (and Chicago area numismatic items) have had the best results. Some printed material also has shown good results. Please consider using the club auction to dispose of the numismatic items you no longer need.
You can place a reserve on each lot, and there is no commission charged to either the buyer or seller. Auction lot viewing will be held before the meeting starts, and again briefly before the auction starts.
The November Chatter will contain a list of all auction lots that are known to us by Friday, October 24. You can either send your list to Paul Hybert by Friday, October 24 if you plan to bring your lots with you to the November meeting, or you can ship your items to Bill Burd by Friday, October 24.
Chicago Coin Company
6455 W. Archer Ave.
Chicago, IL 60638
|October||8||CCC Meeting - Featured Speaker - Robert Weinstein on Indo-Sasanian Coinage|
|November||12||CCC Meeting - Club Auction - no featured speaker|
|December||10||CCC Meeting - Annual Banquet - Featured Speaker to be announced|
|November||5||Scott E. Douglas||1996|
|November||8||Brian A. Heil||1981|
|November||11||J. Vincent Swift||1991|
|November||24||Jeffrey F. Bernberg||1975|
All correspondence pertaining to Club matters
should be addressed to the Secretary and mailed to:
CHICAGO COIN CLUB
P.O. Box 2301
CHICAGO, IL 60690
|Paul R. Hybert|
|Mark Wieclaw||- President|
|Robert Feiler||- First Vice President|
|Jeff Rosinia||- Second Vice President|
|Other positions held are:|
|Robert Weinstein||- Secretary|
|Steve Zitowsky||- Treasurer|
|Paul Hybert||- Chatter Editor|
|Phil Carrigan||- Archivist|