![]() ![]() These included Argentina, Brazil, Columbia, Ecuador, Greece, Italy, Peru, Uruguay and several British territories. During the Civil War, the company's reputation for excellent quality work expanded internationally, and it began to receive major orders from foreign governments. Production of these notes was slow and costly, but nevertheless, the American Bank Note Company managed to turn out tens of millions of National Bank Notes each year, plus postage stamps and fractional currency, as well as securities certificates for public and private issuers. And the years following the war witnessed enormous industrial expansion with a corresponding rise in the use of engraved certificates for securities. Two other important changes occurred with the issuance of legal tenders and National Bank Notes, with a portion of this business awarded to the American Bank Note Company. Under the National Bank Act, locally issued bank notes were superseded by notes made under Federal control and direction. monetary system was radically altered with the passage of the National Bank Act. In 1863, during the American Civil War, the U.S. The next twenty years were eventful for the American Bank Note Company. Another predecessor company established green as the "money color." The formal creation of the American Bank Note Company in 1858 was very well received by the banks and companies that were its principal clients because it promised the stability, continuity and security which users of documents of value had long desired. During this 35-year period, one of the predecessor companies to the American Bank Note Company produced the first issue of U.S. These devices are of import in that they are hard to copy, their significance is recognized, they are aesthetic-and they are timeless. Asher had a different claim to fame-he was the first to popularize Greek gods and goddesses in the vignettes (small pictures) in documents of value. Later, he also developed a transferring machine and a geometric lathe. ![]() Cyrus is credited with introducing, or improving, many of the tools of the trade, including machines for engraving straight lines, wavy lines and ovals, as well as a pantograph size-reducing machine. During this period, two brothers, Cyrus and Asher Durand, created many of the innovations that characterize financial-certificate engraving even today. ![]() The two contributions gained the organization significance in the era which began in 1823, an era which culminated 35 years later in the formation of the American Bank Note Company. The firm will be remembered for two fundamental contributions: (a) it established the value of combining art and technology as a bank-note safety measure, and (b) it established world supremacy of American steel plate engraving methods. ![]() In 1810, three Philadelphia engravers, with associations to Scot, formed Murray, Draper, Fairman & Co. In succeeding years, aided by Jacob Perkins, the Yankee inventor who advanced the art of engraving and platemaking, Scot formed the nucleus of what would later become the American Bank Note Company. Robert Scot was appointed its first engraver. The Federally chartered Bank of the United States opened in 1791 in Philadelphia, and a mint was established shortly thereafter. The place was Philadelphia and the man was Robert Scot. This was the important midpoint of the decade following the ratification of the American Constitution, a time when there was a pressing need for regular banking service and for circulating bank notes. The American Bank Note Company traces its beginning back to 1795. They also document, in a living legacy, the growth and expansion of America's capital markets and represent one of this country's oldest, continuous corporate success stories-the American Bank Note Company. And while these art forms are diversified in function and form, each also represents a miniature example of the early engraver's art-raised to its finest level. These range from antique stock and bond certificates, traded and sought by collectors around the world, to the daily exchange of a high technology, hologram-bearing credit card. Across the globe in private collections, in vaults, safety deposit boxes and even passed hand-to-hand in daily, common transactions, are thousands of pieces of valuable, fine art. This item has the signatures of the Company's Officers. This historic document was printed by the American Banknote Company and has an ornate border around it with a vignette of an eagle. Beautifully engraved certificate from American Banknote Company issued no later than 1959. ![]()
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