$10,000 Bill Gets More Secure Home
am 10.03.2006 20:31:31 von lkgeo1
$10,000 Bill Gets More Secure Home
GREEN BAY, Wis. (March 9) - A rare $10,000 bill is getting a new home.
The bill - one of 15 large-denomination bills at a Chase Bank branch in
Green Bay - was shipped to the bank's corporate archives in New York
for safe keeping.
AP
The $10,000 bill bears the likeness of Salmon P. Chase, for whom Chase
Bank was named. Chase was a U.S. senator who served as treasury
secretary under President Lincoln.
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The $10,000 bill bears the likeness of Salmon P. Chase, for whom the
bank was named. Chase was a U.S. senator who served as treasury
secretary under President Lincoln.
The large bill was discovered in a bank customer's safety deposit box
after the owner died 20 years ago. The woman's family exchanged the
currency at face value, and the bank stored the bill in a plastic
sleeve for protection.
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But bank officials decided the bills would be safer at the JP Morgan
Chase & Co. corporate office in New York. The bank sent the bills there
last month by armored truck.
The government stopped printing bills larger than $100 in 1945 and
hasn't issued any since 1969. The Green Bay bills were printed in 1934.
"The bills had been in our vault so long that many of us were sad to
see them go, but we're glad to know that historic bills will be
properly preserved," said Green Bay branch manager Carrie Liebhauser.
03/09/06 06:44 EST
Copyright 2006 The Associated Press. The information contained in the
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Re: $10,000 Bill Gets More Secure Home
am 10.03.2006 20:44:33 von ausound
"lkgeo1" <> wrote in news:1142019091.400976.223780
@z34g2000cwc.googlegroups.com:
> The $10,000 bill bears the likeness of Salmon P. Chase, for whom Chase
> Bank was named. Chase was a U.S. senator who served as treasury
> secretary under President Lincoln.
>
> Talk About It: Post Thoughts
Salmon P. Chase?
who the fuck names their kid after a fish?
kind of like a "boy named sue" huh?
how TEASED was this guy in school?
think by their 1st wedding anniversary Mrs. Chase was weary of hearing
"You're eating Salmon for dinner"
Re: $10,000 Bill Gets More Secure Home
am 10.03.2006 23:17:51 von Lubow
First, Salmon is an Hebraic name which can translate into either Solomon or
Shalom ("peace"). Other English/American names originate from that Hebraic
root. The capital of Oregon, Salem, as well as the witch capital, Salem, MA
are derived from the Hebrew word for peace. Jerusalem is also derived from
shalom.
Chase was the founder of the Chase National Bank and brilliantly financed
the Union victory. However, the bank also has a darker founding. The other
part of the Chase-Manhattan Bank, the Bank of Manhattan Company, was founded
by the expert duelist and future Vice President, Aaron Burr.
Burr is also credited by some as the father of American politics. Burr was
the person who conceived of campaigning to the masses. Talking to the
common man about politics was beneath his arch rival. Alexander Hamilton,
but Burr's tactics secured a lock for the Democratic Party in New York
State for over 200 years, on and off. In the early days of the Republic, the
Presidential electors were selected by the state legislatures. Burr's
control of the New York legislature led to the extinction of the Federalist
Party by the election of Thomas Jefferson as President and Burr as Vice
President.
About fifteen (?) years ago, Chase Manhattan was absorbed by the Chemical
Bank. Chemical Bank's history is that of a merger between a drug company
(hence, the "Chemical" part) and a brokerage called the Corn Exchange.
More recently, Chase absorbed JP Morgan & Co. and Bank One where the ten
grand bill resided for so many years in Green Bay.
--
Lubow