The E-Sylum:  Volume 7, Number 10, March 7, 2004, Article 27

SPENCER CLARK

  Regarding last week's request from Stefan Herpel,  Jan Monroe
  writes: "I suggest Mr. Herpel read  pages 216 through 247 of
  Jason Goodwin's book,  "Greenback".  This fascinating book is
  subtitled "The Almighty Dollar and the Invention of America.
  The actual reference I think he is referring to is listed on pages
  244 and 245.  The person on the note was actually Spencer
  Morton Clark who put himself on the five cent fractional note
  who is listed in the book as "...a bankrupt sex pest under
  investigation for embezzlement and fraud.  Nineteen days after
  the new (fractional) notes went into circulation congress passed
  a law forbidding the likeness of anyone living to be used on
  U.S. currency."

  I recommend this book to anyone reading the E-Sylum as a
  fun read that is difficult to put down.  It was published in 2003."

  As Spencer Morton Clark worked for Salmon Chase and
  Chase had to defend him, this very well could have effected
  the issuance of interest bearing specimen notes that had
  Salmon Chase's portrait engraved on the $1,000 note.
  See Friedberg Design 55 Note 210.  The timing of the new
  law in relation to the dates of issuance of the Chase notes
  deserves further research."

  Wayne Homren, Editor

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