1898 Revenues: February 2025

Saturday, February 8, 2025

New York Stock Brokers in Caricature: James M. McGovern

James McGovern held a seat at the NYSE throughout the 1898 tax period.

James "Jimmie" McGovern "in caricature".

It appears that James McGovern was commonly called "Jimmie".

Thursday, February 6, 2025

Rhode Island Bankers & Brokers: Richardson & Clark of Providence

from The Commercial & Financial Chronicle, April 27, 1907

RICHARDSON & CLARK.

JAN

1902

PROV. R. I.

Tuesday, February 4, 2025

New York Bankers and Brokers: Watson & Gibson

from the History of the New York Stock Exchange, 1887

By the beginning of the 1898 tax period, it does not appear that Watson & Gibson had partners with memberships at the New York Stock Exchange.

WATSON & GIBSON,

MAY

1899

NEW YORK.

WATSON & GIBSON,

DEC

1899

NEW YORK.

WATSON & GIBSON,

NOV

1898

NEW YORK.

WATSON & GIBSON,

NOV

1899

NEW YORK.

Sunday, February 2, 2025

New York Stock Brokers: J. Norman Whitehouse of Whitehouse & Company

Whitehouse & Company handstamp and punch cancels

J. Norman Whitehouse's caricature in the 1904 volume, The Stock Exchange in Caricature.

Norman was a seated partner at the NYSE with what appears to be his father J. Henry and his brother, George M., in addition to a third partner, Augustus Marckwald who also held seats. Whitehouse must have been a very busy firm to afford so many seated partners. According to the artist and the writer of doggerel in the book, Norman must have been something of a social butterfly and a ladies man, in addition to a polyglot:

Whitehouse & Co has appeared before on this site, the last time in a post featuring companies that used initial punch cancels during the 1898 tax period.

Saturday, February 1, 2025

New York Stock Brokers: Jacob Cahn

Unusual Ink on the 1898 Series Dollar Values

THESE STAMPS ARE BOTH SCOTT R191! From fugitive ink to color changelings with unknown origins. These are both copies of R191. Can only exposure to light produce the color changes you see in stamp on the right? Or possibly a soak in bleach or other chemical? I doubt it. These stamps have so many examples of changelings that there must be something else happening. The ink used on this dark green series of stamps was different than that known on any other BEP printed stamps, never mind the varnish square. It is likely the BEP was experimenting with ink on this issue. Inks are discussed further if you click on the stamps.

Collecting Cancels

Welcome to 1898 Revenues, a website that features the stamps used to pay the Spanish-American war taxes imposed by the US Government starting in July, 1898. But while this site features those stamps in general, a focus is on their cancels, and on the firms that applied them. Unlike US postage stamps, which were canceled by the US Post Office and now Postal Service, revenue stamps were ordered to be canceled by their users in such a way that the identity of the user and the date was included in the cancel. This makes the collecting possibilities nearly endless, so that a single variety of stamp, for example, the 2 cent battleship stamp intended to pay documentary taxes, had potentially millions of different users, and therefore as many different cancels. Please browse the site and discover the collecting possibilities, made so much more accessible now through online sales. Cancels on these stamps have become much more interesting and accessible with the massive amounts of archival and historical data available on line. Rather than hours spent in libraries or with heavy volumes to identify cancels, search engines allow for cancel sleuthing at home.

Battleship Proprietary Printed Cancels: Updating the Joyce/Chappell Lists

In the 1950s, Morton Dean Joyce updated a list of printed cancels on the battleship proprietaries compiled by Clarence Chappell. Joyce's is a very long list consisting of more than one hundred companies and thousands of cancel dates. In the years since Joyce completed his list, many new cancel dates have been demonstrated to exist, and an update of the 1950s list is needed.

This site is attempting that update. Using the Joyce/Chappell lists and the former collection of Henry Tolman (ARA #25) as a base, a gradual effort will be made to post updated lists to the best of my knowledge, making a call for those that can contribute new dates and new images of those cancels.

Following in this column are quick links to excel files of these lists by company. Also are links to the posts that I have made on this blog regarding these companies and their cancels.