American completed the final contract for the private printing of postage stamps in 1894, just after printing the popular Columbian Exposition stamps. postage stamps, which continued under the American aegis. Continental at the time held the contract to print U.S. This forced a second shake up in the security printing industry, and in 1879, American formally absorbed both the National Bank Note and Continental Bank Note Companies. Bureau of Engraving and Printing as sole producer of U.S. In 1877, Congress passed a law establishing the U.S. Following this first contract to print paper currency, American sought other contracts abroad, and ultimately supplied security paper and bank notes to 115 countries. Ironically, American and National were also producing paper money for the Confederacy.
When the US Treasury Department decided to circulate the first national paper currency at the outbreak of the Civil War, the American and National Bank Note Companies jointly received the contract, and, by the end of the war, had printed 7.25 million 'greenbacks'.
Less than two years later, the remaining independent bank note printers merged to form the competing National Bank Note Company. After the Panic of 1857, seven of the United States' most prominent securities printers merged, formally taking the name American Bank Note Company on April 29, 1858. Initially the firm produced paper currency for the nation's thousands of state-chartered banks, superior quality stock and bond certificates, postage stamps (form 1879 - 1894), and other engraved and printed items, including maps. Minnesota - North Dakota - South DakotaĪmerican Bank Note Company (1795 - present), known today simply as ABCorp, is an American corporation that traces its origins to the 1795 firm Murray, Draper, Fairman and Company, founded by Robert Scot, the first official engraver of the U.S.Massachusetts - Connecticut - Rhode Island.
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