Still no. The bank note reporters universally reflected merely the cost of collecting the national banks’ dollars and retuning them to their region.
BTW, I have never seen a “National Bank of JP Morgan” have you?
And no, there is no archival eprecord anywhere, even private diaries, of any banker (outside the Confederacy) concerned about counterfeiting. Niw, it’s not sufficient to say, “see there is no evidence of concern so that proves that were concerned.” It’s your job to supply proof, which you have yet to do on any point. Keep trying.
“And no, there is no archival record anywhere, even private diaries, of any banker (outside the Confederacy) concerned about counterfeiting. “
Maybe you’re just not that good at research.
“The Vermont State Archives has an abundance of resources documenting the long history of forgery and counterfeiting in Vermont. During the American Revolution, Vermont issued bills that could be redeemed for silver, Spanish dollars, or gold. Given their importance to the wartime economy, counterfeiting those specific bills called for the death penalty: the bills themselves were printed with the motto “death to counterfeit.”
Counterfeiting unrelated to the wartime economy still called for extreme punishment. Penalties for counterfeiting included having the perpetrator’s right ear cut off and being branded with the letter “C” prior to being sent to the local jail for life. Counterfeiters who ran away, he could be returned and whipped upon their return.
The Vermont State Prison in Windsor was founded in 1809. This image is from around 1920. When the prison opened more than half of the 24 convicts were counterfeiters. They helped build the prison that would confine them.
In 1850, Vermonters eagerly followed a true-crime story happening right in their home state. The story was reported as far away as Chicago. A big-city criminal named William Warburton, best known as “Bristol Bill,” centered his criminal enterprise in Groton, Vermont. Although Warburton’s gang committed acts of burglary and other crimes, their focus was on counterfeiting.
At that time there were no federal bank bills; the government only minted coins, so banks all over the country would create their own bills of credit. No standard banknote meant that counterfeiting was rampant, with an estimated ten percent of bank bills counterfeit. Given the destabilizing effect on the economy, the penalties were still very steep if a counterfeiter was caught.”
...and apparently the US Government didn’t get your memo about the lack of counterfeiting seeing as the Secret Service was founded to :
“In 1865 United States Secret Service was founded to suppress counterfeiting of currency. Counterfeiting was now prosecuted as a federal offense, so most of the county court cases after that year were forgery-related. Some of those cases included forgery and “defrauding by the use of false tokens, meaning the use of objects in the fraud, typically checks.”
“With a reported one third of the currency in circulation being counterfeit at the time, the Secret Service was created on July 5, 1865 in Washington, D.C., to suppress counterfeit currency. Chief William P. Wood was sworn in by Secretary of the Treasury Hugh McCulloch. It was commissioned in Washington, D.C. as the “Secret Service Division” of the Department of the Treasury with the mission of suppressing counterfeiting. The legislation creating the agency was on Abraham Lincoln’s desk the night he was assassinated. At the time, the only other federal law enforcement agencies were the United States Park Police, the U.S. Post Office Department’s Office of Instructions and Mail Depredations (now known as the United States Postal Inspection Service), and the U.S. Marshals Service”
https://en.wikipedia.org/wiki/United_States_Secret_Service#History
“The bank note reporters universally reflected merely the cost of collecting the national banks’ dollars and returning them to their region.”
That was hardly the sole factor addressed by banknote reporters as the following illustrate:
Shinplasters out West
Menasha, Wis., Nov.1,1852 - P. S.-This section of the State is flooded with shinplasters and unsecured money. The METROPOLITAN, (D. C.,) took the lead; CHARLOTTETOWN followed, and the MECHANICS of Georgetown, D. C., is now in the field to a great extent.
A SUBSCRIBER
There is no excuse for taking such trash, even in Wisconsin, for the Western States are fast supplying their own wants by a SAFE, WELL-SECURED, LEGAL CURRENCY.-Public opinion has fairly banished it from this section of the country.
http://www.americanbanker.com/175/1852/#year
1864
From Thompson’s Bank Note Reporter
Jan. 23 - Explanation of marks, &c.: A star (*) [means] that Thompson Bros. do not buy the notes.
...See the advertisement of the Receiver of the Washington County Bank, R. I. This concern was shaped for a great swindle, and but for our starring the Bank last summer, the rascals would have succeeded...Large amounts of these notes are in the hands of parties (accomplices) who will try to work them off. Don’t touch them. There were $700,000 of the notes of this Bank printed for circulation last summer. This was enough for us.
http://www.americanbanker.com/175/1864/#year