A Counterfeiter's Paradise

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by Ben Tarnoff


  Second Bank of the United States, 130–32, 133, 141, 161–63, 165–68, 170, 176, 182, 238, 253

  Treasury Department, see Treasury Department

  Grant, Ulysses S., 234, 249

  Great Depression, 253, 254

  Greeley, Horace, 227

  Greenhow, Rose O’Neal, 244

  Green Mountains, 180, 181

  habeas corpus, 214

  Hagerstown Bank, 116

  Haiti, 144

  Hamilton, Alexander, 5, 104–5, 130, 161, 214, 216, 238, 249–50

  hanging, 77

  of Sullivan, 76–78, 79

  Hanson, James, 135–40

  hard currency, 17, 18, 87, 165, 185, 201, 215, 217, 236, 254

  class system and, 25

  debates on, 20–25

  Franklin’s view of, 23–24

  in Massachusetts, 17–22

  value of, 22

  see also coins, coinage; precious metals

  Harding, William W., 177

  Harper’s Weekly, 227

  Harrisburg, Pa., 149, 152

  Harrisburg Chronicle, 151

  Hawthorne, Nathaniel, 181

  Herndon, William Lewis, 191–92

  Hiester, Joseph, 160–61

  Hilton, Winthrop E., 226–27, 228, 229–33

  conspiracy against, 230–32

  Holliday, Robert, 204, 206

  House of the Seven Gables, The (Hawthorne), 181

  Hoyer and Ludwig, 219

  Hurlbut (counterfeiter), 50

  Huston, Charles, 122, 124, 125

  Hutchinson, Thomas, 17–22, 25, 31, 36, 52–53, 56, 79, 82, 86, 134, 168, 185, 254

  Adams and, 134

  Ide, Ichabod, 55–56

  Île Royale, 19, 33

  Illinois, 243

  immigrants, 106, 161, 182, 194

  Indiana, 132, 182, 243

  Indians, 3, 31, 32–34, 57, 149

  in Pennsylvania, 95, 96

  surveyors and, 95

  industrialization, 161, 193, 198, 234–35

  inflation, 4, 5, 19, 80, 84, 111, 254

  Confederate currency and, 225, 230

  informants, 39, 246–47, 248, 249

  insurance companies, 5, 170, 195

  intaglio presses, 255

  intelligence gathering, 241–45

  see also Secret Service

  investors, 105–6, 132, 163, 201

  Ireland, 26–27

  Jackson, Andrew, 163–69, 179, 185, 193, 214, 216, 236, 238, 249

  Chase and, 200

  Kitchen Cabinet of, 165, 167

  Specie Circular of, 168–69

  Jackson, Thomas “Stonewall,” 222

  jails, 45

  Jefferson, Thomas, 95, 105, 129, 170, 193, 216, 238

  Jones, John Beauchamp, 223–24, 225

  Keith, Alexander, Jr., 230

  Killingly, Conn., 54

  King George’s War, 19, 32–37

  Kinton Knob, 138

  labor:

  immigration and, 194

  money and, 22, 23, 24, 185

  -laissez-faire, 165, 169, 179, 182, 194

  Lake Geneva, 127

  Lake Ontario, 97

  land surveying, 95–97

  Langdon, John, 86

  Latin America, 3, 255

  Law, Jonathan, 49, 52

  Leathers, Frederick, 97

  Lee, Robert E., 221–22, 239

  Lee, William P., 220–21

  legal tender, 80, 81, 83, 85, 87, 103, 107, 213–15, 216, 217, 236, 237

  Legal Tender Act of 1862, 213–15, 216, 236, 237

  Levi, Nathan, 209

  Lewis, David, 6, 91–100, 107, 116–19, 120–30, 133–43, 146–60, 171, 179, 182, 195, 196, 207, 235, 252

  aliases of, 116

  in army, 100, 119, 157

  arrest of (1812), 98–99, 106

  arrest and imprisonment of (1816), 92–94, 118–19, 120–22, 124, 125–26

  arrest and imprisonment of (1819), 137–40

  arrest and imprisonment of (1820), 156

  in Bedford, 94, 118–19, 120–26, 128, 137–40, 143, 146

  Bellefonte posse and, 152–56

  captures of, 137, 146, 155–56

  in Chambersburg, 146, 149

  childhood of, 97

  “confession” of, 157–60, 164

  conviction and sentencing of (1816), 125–26

  death of, 156, 157

  escapes of, 126, 137, 138–40, 141, 143, 146, 149, 150

  fame of, 94, 123, 133–34, 140–43, 146

  Findlay and, 129, 136, 146–49, 151–52, 158–60

  as folk hero, 6, 133–34, 141–43, 151, 156, 159, 164, 247

  horse bought by, 91–92, 118, 121, 122

  imprisonment in Philadelphia, 126–30, 136

  indictment of (1820), 143

  Jackson compared with, 164

  McClelland robbed by, 135–37, 141

  McFarland and, 148–49, 152, 157–60, 164

  newspaper stories on, 122–23, 136, 140–41, 146, 147, 149, 156

  Noble and, 100–101, 107–16, 121, 123, 124, 125, 135, 153, 182

  personality of, 94, 124–25, 128, 133, 156

  persuasive talents of, 118

  physical appearance of, 92, 94, 113, 140

  posthumous celebrity of, 159–60

  reward for capture of, 136

  robbing spree of, 151–52, 156, 157, 159

  Rodney’s confession and, 151

  shooting of, 155, 156

  Simmons and, 142–43

  trial of (1816), 93, 94, 118–19, 121–26, 128, 137

  widow helped by, 142

  Lewis, Jane Dill, 96, 97, 108, 153–54

  Lewis, Lewis, 94–97, 100

  Lewis, Meriwether, 96, 162

  Lewis, Thomas, 107–8, 109

  Libby Prison, 204

  Lincoln, Abraham, 2, 96, 180, 198, 199, 200, 202, 208, 221–22, 226, 231, 237

  attempted kidnapping of body of, 1–2

  Emancipation Proclamation of, 222, 226

  National Currency Act signed by, 239

  Second Confiscation Act signed by, 222

  Little, John, 124–25

  Louisbourg, 19, 33–37, 57, 61, 80

  Lovejoy, Owen, 213

  McCartney, Peter, 5–6

  McClellan, George B., 242

  McClellan, Thomas, 118

  McClelland, John, 134–37, 141

  McCurdy (criminal), 139, 141

  McCurdy, John, 59

  McDowell, Charles, 122–23, 124

  McFarland, John, 148–49, 152

  fake Lewis memoir published by, 157–60, 164

  Jackson supported by, 164

  McGuire, Felix, 151, 152

  Madison, James, 105, 107, 130–31

  Maine, 31

  Maria Theresa, 32

  Marshall, James W., 183–84

  marshals, federal, 240–41, 246

  Martin, Ebenezer, 57

  Maryland, 116, 222

  Massachusetts, 3, 4, 5, 16–22, 49, 254

  Boston, 11, 12–14, 37, 45–46

  boundary dispute between New Hampshire and, 56

  hard currency in, 17–22

  Hutchinson in, 17–22, 25, 31, 36, 52–53, 56, 79, 82, 134, 168, 254

  paper currency in, 16–22, 31, 32, 36, 52–53, 79, 87, 102, 168, 251

  Memminger, Christopher Gustavus, 201–2, 205, 216–21, 223–25, 231–32

  Memphis, Tenn., 209

  Mercer, John F., 86

  Mermaid, 20

  Merrimack River, 56–57, 58, 60, 69

  -Mexican-American War, 184, 194

  Mexico, 208

  Michigan, 170

  Miller, Michael, 113–14

  Missouri, 243

  “Modest Enquiry into the Nature and Necessity of a -Paper-Currency, A” (Franklin), 22–23

  Moffitt, Robert, 150

  money:

  labor and, 22, 23, 24, 185

  value of, 22, 23, 24

  see also currency />
  monopolies, 165

  Monroe, James, 162

  Montpelier, Vt., 180, 181–82

  Morgan, J. P., 252, 253

  Munroe, Joseph, 54–55

  Murray, Robert, 229, 231

  National Bank Note Company of New York, 217

  National Currency Act, 239

  National Detective Police, 242–43

  National Gazette, 167

  -New-England Courant, 64

  New Hampshire, 4, 56–57

  boundary dispute between Massachusetts and, 56

  counterfeit currency of, 12–14, 58, 64, 69

  New Haven, Conn., 67, 68, 70, 73

  New Jersey, 243

  New Orleans, La., 217

  Newport, R.I., 41, 69

  newspapers, 115, 116, 147–48

  New York, 48–49, 70, 74–75, 243, 245, 247, 248

  counterfeit currency of, 47, 69

  counterfeiting laws in, 74, 78

  Dover, 46–48, 50, 70, 71

  Dutchess County, 44, 45–50

  Sullivan’s trial and execution in, 73–79

  New York City, 182

  banknote counterfeiting in, 196

  banks in, 169, 192–93, 202

  British capture of, 84

  economy of, 75

  industrialization of, 198

  Panic of 1837 and, 169

  Panic of 1857 and, 193

  population of, 75, 196

  unemployment in, 194

  Wall Street in, 130, 182, 192, 193, 194, 200, 256–57

  -New-York Gazette, 55, 76

  New York Herald, 184

  -New-York Mercury, 55

  New York Stock & Exchange Board, 130

  New York Times, 227, 231, 248

  New York Tribune, 206, 227

  New York World, 232

  Niagara River, 97, 98, 99, 107

  Nichols, Abigail, 67, 68

  Nichols, Joseph, 67, 68

  Nixon, Richard M., 254

  Noble, Philander, 100–102, 106–16, 121, 123, 124, 125, 135, 153, 182

  North American and United States Gazette, 176

  North Korea, 255

  Norwalk, Conn., 67, 68

  Notes of a Voyage to California via Cape Horn, Together with Scenes in El Dorado, in the Years 1849–’50, 185–86, 234

  Nova Scotia, 19, 32, 33, 61

  Oblong area, 46–50, 51–52, 54, 66, 67, 69–71, 78, 245

  Ogdensburg, N.Y., 109–10

  Ohio, 132

  Ohio Life Insurance and Trust Company, 193

  Ohio River, 95

  Old Capitol Prison, 243–45

  Ontario, 98

  Oregon, 170

  orphans, 141

  Osceola, 183, 185–87, 188

  Pacific News, 190

  Paine, Thomas, 86, 103, 110, 112, 254, 256

  panics, 252

  of 1819, 130, 132–33, 134, 140, 146, 160, 161, 164, 169, 182, 247

  of 1837, 169

  of 1857, 192, 193–95, 199

  of 1907, 252, 253

  panthers, 47

  paper money, 3–5, 16, 79–87, 134, 185, 213, 215, 238, 240, 251–52

  banknotes, see banknotes

  class system and, 25

  Confederate, see Confederate currency

  Continental Congress’s printing of, 5, 82–84, 85, 176–77, 215

  continentals, 82–84, 85, 103, 176–77, 179, 215, 240

  creation of uniform national currency, 2, 213, 215, 236–40, 241, 249–50

  crude quality of, 4

  and Currency Act of 1751, 80

  and Currency Act of 1764, 81

  debates on, 5, 20–25, 86

  engraving techniques for, see engraving techniques

  Federal Reserve Notes, 254, 256

  Franklin as advocate of, 22–24

  Franklin’s design and printing of, 23, 64, 83, 255–56

  French and Indian War and, 79, 80

  future of, 256

  -government-printed, as legal tender, 213–15, 216

  government printing of, and Constitution, 214, 215

  increase in amount of, 111, 195

  increase in different types of, 115, 195

  inflation and, see inflation

  intangible nature of, 24–25, 86, 103, 213, 256–57

  Jackson and, 164–65, 168, 185

  legal tender status of, 80, 81, 83, 85, 87, 103, 107, 213–15, 216, 217, 236, 237

  local trade facilitated by, 18, 23–24, 36, 45, 79, 161, 170

  in Massachusetts, 16–22, 31, 32, 36, 52–53, 79, 87, 102, 168, 251

  national, 213, 215

  Paine’s view of, 86, 103, 110, 112, 254

  in Pennsylvania, 23

  precious metals and, see precious metals

  profits made in exchanging, 116, 117–18

  proliferation of different currencies, 5

  regional money markets and, 52–53

  religious arguments against, 24–25

  in Rhode Island, 41, 69, 80, 102

  as sacrosanct, 250

  states’ printing of, 84, 87, 103

  travelers’ exchanging of, 71

  Treasury bonds and notes, 112, 200–201, 213, 215, 216

  United States Notes, 213, 253–54

  value of, 4–7, 19, 22, 24, 80, 83, 115–16, 171, 213, 240, 254

  Washington on, 86

  passers, 15–16, 50, 51, 55, 196, 206, 246, 247

  soldiers as, 208

  Pennsylvania, 23, 61, 91, 107–11, 115–17, 119, 144–45, 147, 160–61, 247

  Bedford, see Bedford, Pa.

  Bellefonte, 107–10, 111, 114, 116, 152–56

  Chambersburg, 145–46, 149, 150, 151

  colonization in, 95, 96

  Pennsylvania (cont.)

  Jackson and, 164

  Lewis memoir and, 158–59, 158–59, 164

  Philadelphia, see Philadelphia, Pa.

  Pittsburgh, 113, 116, 140

  Pennsylvania Agricultural and Manufacturing Bank, 145

  Peoples, Jim, 92, 93

  Pepperrell, William, 35

  Peru, 255

  Philadelphia, Pa., 91, 95, 103, 126, 133, 247

  Centennial Exhibition in, 234–35, 250

  industrialization of, 198

  Lewis’s imprisonment in, 126–30, 136

  Walnut Street Jail in, 127–29, 131, 136, 148

  unemployment in, 130

  Philadelphia Bank, 116, 117, 118

  Philadelphia Inquirer, 176–77, 178, 179, 205, 211–12, 235

  Pinkerton, Allan, 6, 242, 243

  Pittsburgh, Pa., 113, 116, 140

  Pittsburgh Gazette, 140–41

  Plymouth, Vt., 101

  Polk, James K., 184

  Pope, John, 208–9, 210

  Portuguese settlers, 3

  precious metals, 130, 169, 170, 185, 240, 253–54, 256

  banknotes and, 103, 106, 110, 111–12, 130, 131–32, 162

  Confederate currency and, 202

  gold, see gold

  Jackson and, 164–65, 168

  silver, 3, 4, 17, 19, 20–24, 36, 52, 80, 83, 86, 87, 103, 106, 110, 112, 130, 131, 168, 200, 202, 213–15

  Treasury notes and, 201, 213

  see also coins, coinage

  Pressley, B. C., 220, 223

  Prevost, George, 98

  printers, 15–16, 50

  Printing House Square, 227, 229

  Providence, R.I., 38–46, 69

  Quebec, 17, 251

  Queenston, 99

  Raguet, Condy, 144–45

  railroads, 5, 194, 195, 196

  raised bills, 115

  Read, George, 86

  Reformer, 27

  Reid, John, 123

  Remington and Sons, 235

  Revolutionary War, 82–85, 240, 251

  Rhode Island, 51–52

  counterfeit currency of, 39–42, 44–45, 49, 51–52, 54, 64, 69

  paper money printed by, 41, 69, 80, 102

  Providence, 38–46, 69

&
nbsp; Richardson, John, 219–20, 221

  Richmond, Va., 204–6, 209, 218–21, 223–24

  wartime conditions in, 224

  Richmond Daily Dispatch, 205, 207, 210, 219

  Riddle, Samuel, 121, 122, 124, 125, 126

  Ridgefield, Conn., 67–68, 73

  Rio de Janeiro, 199

  Rodney, Caesar, 150–51

  Rogers, Robert, 56–64

  Rogers’ Rangers, 63

  Roosevelt, Franklin D., 254

  Sacramento, Calif., 190–91

  Sacramento Transcript, 190–91

  St. Lawrence River, 109

  St. Louis, Mo., 247

  Salem, N.Y., 66, 67

  Sanford, David, 66–69, 75

  San Francisco, Calif., 188, 189, 234

  Committee of Vigilance in, 241, 242

  -Sea-Flower, 29–30

  Second Bank of the United States, 130–32, 133, 141, 161–63, 165–68, 170, 176, 182, 238, 253

  Second Confiscation Act, 222

  Secret Service, 1–2, 6, 245–49, 250, 252, 255

  creation of, 2, 245, 246

  criminal records of members of, 247

  servants, indentured, on transatlantic journeys, 28, 30–31

  Seward, William H., 180, 211, 212, 241, 242

  Shays, Daniel, 85

  Shelley, Mary, 127

  Shelley, Percy Bysshe, 127

  Shepard, William, 101, 154–55

  Sherman, John, 237–39

  Sherman, William Tecumseh, 209, 234, 237

  shinplasters, 206, 207, 216–17

  Shipman, William Davis, 248

  Shirley, William, 19, 32–33, 49, 62

  Shoaff, James, 117–18

  silver, 3, 4, 17, 19, 20–24, 36, 52, 80, 83, 86, 87, 103, 106, 110, 112, 130, 131, 168, 200, 202, 213–15

  see also coins, coinage

  Simmons (German immigrant), 142–43

  Sinnemahoning Creek, 153–54, 155, 156

  slavery, 197, 199, 200, 210, 222

  abolitionists and, 197, 198, 199, 200

  Emancipation Proclamation and, 222, 226

  Second Confiscation Act and, 222

  Smith, James, 113

  Snyder, Simon, 111

  “Song of the Argonauts; or, the Days of’-Forty-nine” (Upham), 234

  South, 198–99

  economy of, 210

  secession of, 198, 199, 202, 214

  tensions between North and, 196–97

  see also Confederate States of America

  South Carolina, 4, 198, 202

  Spanish settlers, 3

  Spaulding, Elbridge, 237

  specie, see coins, coinage

  Specie Circular, 168–69

  speculators, 105–6, 130, 132, 145, 165, 168, 185, 210, 216, 252

  spurious money, 115

  spying, 241–42, 246

  Stamp Act, 81, 82

  Stanton, Edwin M., 211, 212, 230, 231

  state banks, 106–7, 133, 161–65, 167–69, 236–39, 253

  states’ rights, 197, 214, 216, 238

  steam engine, 234

  Stephens, Alexander Hamilton, 223

  Stephens, Nicholas, 38, 39, 41–45, 59, 246

  Stevens, Thaddeus, 215, 237

  Stockton, Calif., 189

 

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