|Volume 66 No. 8||August 2020|
For the best experience with our online meetings, a recent entry level PC should provide acceptable real-time video and audio – just remember, the newer the better. Also, acceptable performance will require a good network connection. Instead of guessing at a minimal data rate, I suggest you verify your device can play some online videos in real time. Our page of instructions, to participate in our online meetings, has links to YouTube videos on using the Webex service we will be using. If you have no problems with those videos, there is a good chance you will have no problems with our meeting.
An email will be sent to all members a day or two before our regular August meeting, containing an invitation (as a link) to participate in our August online meeting. If you received an invitation to a prior online meeting, you should receive an invitation to our August online meeting. If you did not receive an invitation to a prior online meeting, email the club secretary, at firstname.lastname@example.org and request an invitation.
If you could not connect to a prior online meeting, please email the Club Secretary with as many details as you can remember. A club member will help you resolve the issue.
Paul Hybert, editor
The 1218th meeting of the Chicago Coin Club was called to order by President Richard Lipman at 6:45 PM CDT, Wednesday, July 8, 2020. Due to the pandemic shutdown, the meeting was online with 36 members and guests.
The June minutes were approved as appeared in the July Chatter, as posted on the Club’s website. Elliott Krieter gave the June Treasurer’s Report which showed zero revenue and $104.00 expenses. The report was approved.
Lyle Daly introduced Dale Lukanich who gave the featured program, Joliet Currency (Hometown Cash).
Second VP John Riley announced the evening’s 8 exhibitors.
The meeting was adjourned at 8:47 PM CDT.
Carl F. Wolf, Secretary
presented by Dale Lukanich,
to our July 8, 2020 meeting.
This presentation gave a brief history of the commerce and currency of the Joliet area, starting from before the European settlers arrived and ending with the 1930s. It did not cover Bar tokens (good-fors), Merchant advertising tokens, Merchant advertising scrip, or Depression scrip.
Long before Europeans settled in the Joliet area, the area was a commercial hub. Evidence of the indigenous peoples’ using items to buy, sell, or trade has been found. The currency used then is far from the currency used today, consisting of items such as animal hides and even shells from the west coast of Florida. Dale made clear this does not show that people travelled between Joliet and Florida, only that the Joliet area was on a trade route.
Dale showed us part of the 1681 map produced by French explorers Marquette and Jolliet, showing what now is the Joliet area. The Des Plaines river runs through Joliet, and it meets with the Du Page and Kankakee rivers to form the Illinois River. The French government authorized the building of a fort (Fort Le Pouz) in 1729, part of a series of 60 forts to promote the fur trade.
As would any proud son, Dale shared with us some of the highlights from his hometown’s history. Joliet was a leader in steel production and other manufacturing; steel production started in the 1860s, and continued strong through the 1920s; a rendition of the Joliet steel works appears on the $10 Federal Reserve Note of 1914 and Federal Reserve Bank notes of 1915. South of Joliet, the Joliet Arrsenal opened in 1940 and started producing munitions July 12, 1941; it later was known as the Joliet Army Ammunition Plant (JAAP); at its peak, the facility covered 23,500 acres; the site has been turned into a number of facilities, including the Abraham Lincoln National Cemetery and the Midewin National Tallgrass Prairie. Joliet currently has three state prisons, with a history of notable real and fictional inmates. Joliet has been a leader in education, with Joliet Junior College, the nation’s first community college, founded in 1901.
Having covered the general history, Dale showed us examples of currency while giving us some background details. The first local paper currency is not from Joliet, but from Juliet. James P. Campbell (treasurer of the I&M Canal commission) purchased land and plotted out a village that he named after his daughter, Juliet; this land was located on the east side of the Des Plaines River. Meanwhile, James McKee had a mill and several acres of land on the west side of the river; it was sometimes referred to as “McKessonville” and later it was called “West Juliet.” The shown 6¼¢ note appears to be dated 1843; the town’s name was changed to Joliet in 1845.
The shown examples of other currency that likely circulated included a $100 note issued in 1839 in Lockport, on the Branch State Bank at Chicago, payable after 90 days to the Treasurer of the Illinois and Michigan Canal. Another example was a pair of 25¢ notes dated mid-1840 of George W. Howe of Rock Run, Will County, Illinois – but Dale has not found any documents identifying that actual location; the note dated June 10 is payable in current Bank Notes, while the note dated July 1 is payable in Canal Scrip.
The shown $2 note of the Oswego & Indiana Plank Road Company is signed by Nelson D. Elwood (President) and Colonel William Smith (Secretary). U.S. Route 30 (the Lincoln Highway) now follows the old plank road, which was a big thing in its day. Dale told us that when a new-fangled railroad tried to obtain land for a route through Oswego, town leaders asked why they needed a railroad when they already had a Plank Road! (Aurora accepted the railroad and became big, while Oswego remained a small town until the 1990s.) Joliet was a major rail hub.
Dale acquired an unissued $10 note of the Chicago, Alton & St. Louis Rail-Road of Bloomington, Illinois after an auction company recommended it based upon his stated interests. Finally, after examining the note multiple times, Dale saw the connection to Joliet – the note promises to pay the bearer at the Merchants and Drovers Bank at Joliet. This was followed by a $1 note of the Merchants and Drovers Bank of Illinois, the first bank in Joliet. This bank lasted maybe 6 years.
Next was an 1862 10¢ note of the Joliet Bank, acquired from the Bowling Green Auction of April 11, 1991 in New York, as lot 4097a. Early Illinois Paper Money by R. Edward Davis lists a 5¢ note only. According to the Chicago Coin Club Bulletin of February, 1938, Mr. Steffen showed a 5¢ Joliet Bank note.
For the remainder of the meeting, Dale showed examples of National Currency from banks in Joliet. The First National Bank of Joliet was organized August 1, 1864 and went into receivership on November 10, 1930. Dale showed us a large-sized $10 note with the bank’s 512 charter number. There are 23 large-sized notes known from this bank.
From The Will County National Bank we saw a $20 Brown Back from the Series of 1882 and a $10 Type 1 small note from the Series of 1929. There are 29 large and 21 small notes known from this bank chartered on September 20, 1871 and entered receivership on July 15, 1931.
The Joliet National Bank was organized on October 29, 1890 and entered receivership on February 10, 1932. We saw a $10 Plain Back Blue Seal and a $20 Type 1 small note of the Series of 1929. The census of this bank’ shows 23 large and 18 small notes.
The Citizens National Bank of Joliet was chartered in September, 1902 and was liquidated on June 26, 1911. We saw two large-sized $10 notes, a 1902 Red Seal and a 1902 Blue Seal, even though the census for this bank lists only a single large note; Dake knows of a collector holding a third large example. On that cautionary note, regarding references, Dale concluded his presentation with the hope that other collectors will research their hometown numismatic history.
by club members
Paul Hybert reported on planned trips that never happened:
In early March I added, to the club’s website, an 1856 letter regarding the composition of what would become the Flying Eagle Small Cents.
The letter stated that dies for the 1856 Half Cents had struck planchets of a copper/nickel alloy made at an 88-to-12 ratio – 50 examples were sent from Mint Director Snowden to Treasury Secretary Guthrie.
So I decided my project for 2020 was to look for an example of this alloy trial strike at regional and specialized shows. But, with all the shutdowns, I have not attended any coin show in 2020!
I did attend our club meeting in March, and talked with three members about this, but it was new to them. Large Cent collector Dave has only 20 half cents in his collection, and does not consider himself an expert on them. Club member Bob has many specialized interests, but not half cents – he mentioned that Winston’s book on counterfeit coins does not have any struck half cents, and then we wondered if Judd listed it among the off-metal strikes. Coin dealer Bill did not know about these pieces, but we had a good discussion about how he might react when seeing a half cent with the coloring of a Flying Eagle Cent instead of the usual coloring.
Early the next morning, Bob emailed me the Judd numbers (and A&W numbers); then I checked my Breen Half Cent Encyclopedia, where he mentions Snowden’s letter and shows examples of these off-metal pieces. Bill sent me the result of a search of the Heritage Auctions website: 10 examples over 15 years, half slabbed as proofs and half as business strikes.
With this piece apparently now known mainly to specialists, maybe pieces are waiting to be cherry-picked. Be sure to check junk boxes, in case a dealer makes the wrong conclusion for this light-weight and off-color piece.
|CSNS Convention||Chicago Coin Company|
|Harlan J. Berk, Ltd.||Kedzie Koins Inc.|
Items shown at our July 8, 2020 meeting,
reported by John Riley.
Reminder: You can email to John a description of what you will show at a meeting, to give him a start on this write-up. Send it to email@example.com.
|Date:||August 12, 2020|
|Time:||6:45 PM CDT (UTC-05:00)|
Visit our Online Meeting webpage, at www.chicagocoinclub.org/meetings/online_meeting.html, for all the details on participating in an online club meeting. Participation in an online meeting requires some advance work by both our meeting coordinator and attendees, especially first-time participants. Please plan ahead; read the latest instructions on the day before the meeting!
|Featured Program:||Jeff Rosinia —
The Big Story of the Little Dime
Coins are a reflection of history and society. In these days of a global pandemic, we are reminded that changes in coinage have come about because of the health of our nation and leaders. The design and release of the Roosevelt dime is a direct result of a President who was paralyzed by Polio, and his efforts to battle the disease and find a cure. The design of the Roosevelt dime has remained unchanged since its introduction in 1946. This is the big story of the little dime.
Unless stated otherwise, our regular monthly CCC Meeting is online during the Covid-19 isolation era on the second Wednesday of the month; the starting time is 6:45PM CT.
|August||12||CCC Meeting - Featured Speaker - Jeff Rosinia on The Big Story of the Little Dime|
|September||9||CCC Meeting - Featured Speaker - Madeline Rodriguez on The Effect World War II Had on U.S. Coinage|
|October||14||CCC Meeting - Featured Speaker - Lawrence Lee (tentative) on The Crane Collection of Indian Peace Medals|
|November||11||CCC Meeting - Program to be determined - Member Auction if we meet in person, or a Featured Speaker if we meet online|
|December||9||CCC Meeting - Program to be determined - Annual Banquet if we meet in person, or a Featured Speaker if we meet online|
|January||13||CCC Meeting - Featured Speaker - James McMenamin on Latin Monetary Union of the 19th Century|
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