The Universal Counterfeit and Altered Bank Note Detector, at SightFoote, Henry C.
History
The Universal Counterfeit and Altered Bank Note Detector, at Sight
Foote, Henry C.
Bank notes; Counterfeits and counterfeiting
🖙 The _Boston Traveller_ of Wednesday, June 5th, says, “It is not supposed
that counterfeit money is manufactured in this city. The greater part of
the money of this description which has for years flooded the country,
comes from Canada, where, from various causes, its manufacturers have been
left comparatively undisturbed, to carry on their nefarious business. … It
is not perhaps an exaggeration to say that traders in our city are cheated
out of at least $50,000 annually, by means of counterfeit money.”
Now in New York city, which is four times larger than Boston, this system
has been pretty generally diffused among the merchants for nine months
past, and it may be safely predicted that for the year 1850 there will not
be one-tenth, or even a twentieth of the above sum lost here by
counterfeits. Men who handle any money should not refuse to expend the
trifling sum to learn this system. They should reflect that besides it
being against their own interests to remain ignorant of it, their neglect
to learn it _is just so much encouragement to counterfeiters_, because the
less this system is spread the greater the chance for counterfeit money to
circulate and defraud the public; therefore, every honest man should put
his shoulder to the wheel to facilitate the diffusion of the system, and
thereby assist to drive all spurious money out of circulation. The
different periodical Bank-note Lists are excellent guides, _as far as they
go_, but they do not and cannot go far enough. They assist too often
_after_ the mischief is done. In hundreds of cases their description of
counterfeits is necessarily vague and uncertain, especially where the
counterfeit is a _fac-simile_ of the genuine: they never make a man a good
judge of money _at sight_. But the greatest trouble is that new
counterfeits, it is said, are generally “rushed” in upon the community
preconcertedly, from different points at once, and the greatest mischief
is often done before they have time to get the description in the List.
Now this system will enable the poorest judge to detect _any_ counterfeit,
_new_ or old, AT SIGHT. It is arranged systematically into seven rules,
simple and comprehensive at a glance of the eye. For self-instruction a
magnifying glass will be of great assistance at first in learning the
principle, and afterwards the naked eye will be sufficient to detect, but
it is advisable to always have a glass on hand. Also a few specimens of
bills, good and bad, to compare and examine at first is necessary to make
the theory practical. The following is the list of
RULES:
Public-domain text, read in full here on John Shaqi.
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