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FEDERAL RESERVE BANK
OF NEW YORK
f Circular No. 518
Cash Department

[ December 26, 1922

New Counterfeit $5 Silver Certificate
To all Banks, Trust Companies and Savings Banks
in the Second Federal Reserve District:

The Treasury Department in its circular letter No. 510 describes a new
counterfeit $5 silver certificate as follows:
"Series 1899; check letter ' C ; plate No. 40; W. C. Elliott, Register of
the Treasury; John Burke, Treasurer of the United States; Indian portrait.
"This is a poorly executed counterfeit, apparently printed from zinc
etched plates on a single piece of paper bearing red ink lines to imitate
the silk fiber of the genuine.

The note is so apparently a counterfeit,

particularly the back, which is dark green with few of the fine lines of
the lathe and ornamental work clearly defined, that it should be readily
detected."




Very truly yours,
BENJ. STRONG,

Governor