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Financial History Museum Strikes High Notes

Museum hosts display of antique cash registers
Museum hosts display of antique cash registers

The Museum of American Financial History is currently showcasing "High Notes," the first public exhibition of rare high-denomination currency from around the world, assembled by guest curator Mary Ellen Withrow, former U.S. Treasurer.

"High Notes" includes a $100,000 gold certificate -- one of only four in existence -- issued in 1934 for a funds transfer between the Federal Reserve Banks. According to Meg Ventrudo, the museum's assistant director and curator, the U.S. ceased printing such high-denomination currency in 1945 due to a lack of demand.

In addition to American bills, "High Notes" features examples of inflationary currency from around the world, including notes for 1,000,000 Nicaraguan cordobas, 500,000,000,000 Yugoslavian dinara, and 1,000,000,000 German reichsmarks. "The museum incorporated African, South American and European currency to showcase stories that appeal to a diverse audience," said executive director Brian C. Thompson.
 A German high note
A German high note
In addition to "High Notes," the museum also is displaying a collection of National Cash Register Company cash registers, created in the 1880s to improve financial accountability. The exhibit offers several examples of these early cash registers, including an ornately appointed 1911 Empire-style brass register designed by Tiffany & Co. Both exhibits will be on display until February 28, 2003. The museum's permanent exhibits include one of the largest collections of 18th century financial documents, rare engraving certificates and the economic designs of Alexander Hamilton.

Queens resident Evelyn Gluck is a regular visitor to the museum. "I stop by frequently," said Gluck. "The museum offers a good source of education, and the exhibits are always thoroughly done."

Educators in the Manhattan public school system would seem to agree. The museum is a favorite spot for field trips, in which experts from the museum impart lessons on financial history by leading discussions on the exhibits and guiding downtown walking tours.

 One of four existing $100,000 gold certificates
One of four existing $100,000 gold certificates
In addition to its role as a leading cultural and educational institution, the museum has been active in the redevelopment of Lower Manhattan. After September 11, the museum hosted the first open forum downtown to discuss the future of New York's financial community. According to Thompson, "Downtown's best days are just ahead."

Located at 28 Broadway, the Museum of American Financial History is accessible by the 1, 9, 4, 5, J, M, Z, N and R subway lines. The museum is open every Tuesday through Saturday from 10:00 a.m. until 4:00 p.m., with the exception of national and stock market holidays. Suggested admission is a donation of two dollars. For more information regarding the museum's exhibits, programs and services, visit www.financialhistory.org.

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