US100788A

US100788A - The nor

Info

Publication number: US100788A
Authority: US
Publication date: 1870-03-15
Anticipated expiration: 1887-03-15

Description

J. MYERS, Jr.

Mode of Preventing the Stealing of Bonds.

No; 100,788. v Patented Mar. 15, 1870.

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f JAMES MYERS, JR. 0F BROOKLYN, E. 11 NEW YORK.

Letters Patent No. 100,7 88, dated March 15, 1870.

Mona on PREVENTING THE SI'EALING 01-- Bonus, ac.

The-Schedule referred to in these Letters Patent and making part of the same.

. Be it known that I,,JAMEs MYERS Jr., of Brooklyn, E-I 3., in the county of Kings, and State of New York, have invented a new and useful Means for Preventing the Illegitimate Sale and consequently the Stealing or Purloining of Government Bonds; and I do hereby declare that the following is a full, clear,

and exact description of the same, reference being had;

to the accompanying drawings making a part of this I specification. y

. Persons, especially bankers and dealers generally in government bonds,l1 avesuffered heavily by. losses from robbery, as the bonds can be circulated and sold or converted into cash by any person holding them without any trouble or difficulty whatever, there being no check to prevent theft.

Theobject of the present im'ention is to obviate this difliculty by preventing any one but the real owner of a bond eflecting a sale thereof.

In the accompanying drawings, a fifty-cent fractional currency note or stamp is used to represent a government bond. r

The number of this bond is 10,264, which number maybe printedon the bond in ljllfi llsllitl or any desired place, as indicated at A. 7 Besides this number, thus printed, I have a corresponding duplicate number printed on the bond at a some other place, where it is pretty well covered by a vignette, printing, or script, as shown at B, and this duplicate number is, after the bond is printed, or be fore it is issued bythe government or allowed to circnlate, out all around .by a suitable stamp or cutter,

. h I 1 The purchaser of v a bond, or

Now, in order to effect a sale of the bond, the duplicate number must bepresented with it, and the test of a legitimate transaction is the perfect match ing of the out, or detached duplicate number with the hole in the bond from which it was taken.

It will be seen, of course, that it would be impossible to imitate the cut-out portion containing the duplicate number, asthe engraving on theJatte-rmust match all around with that on the edgescf the hole in the bond.

Thus, by this simple means the stealing of govern 1 ment bonds will'be effectually prevented, as they would be of no use to any one but the holders of the du'plicate numbers. I

I am aware that it is not new to cancel postage: stamps by tearing off a small portion whiclrhas been partially separated from the body of the stamp by an incision, bntas thisforms no part of my invention, I do not claim it. I r

Having thus described my invention,

'What I claim as new, and desire to secure by Letters Patent, is-

The preventing of the illegitimatesale, and consequently the stealing of governmentbonds, by printing duplicate numbers thereon atvany desirable place, and having said numbers cut at a suitable distance i all around, in such a manner that they-may be readily. detached by the original purchaser, and the matching of the out and uncut portions of the bond serve as a test of legitimacy for effecting a sale of the same, sub-' stant-ially as set forth.

' JAMES MYERS, JR.,

Witnesses: i

A. K. HAIGHT, G. M. AQKERMAX.

the first one whoreceives it after issue, tears 011" the duplicate number at at the uncut portion a, and this number may be locked, up in any suitable place and the bond locked up in. another place.