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This profile was last updated on 10/11/15  and contains information from public web pages.

Mr. Spencer M. Clark

Wrong Spencer M. Clark?

Chief Clerk In the Bureau of Cons...

Treasury Department
 
Background

Employment History

Board Memberships and Affiliations

64 Total References
Web References
U.S. Bureau of Engraving and Printing - History of BEP and U.S. Currency
www.moneyfactory.com [cached]
Spencer Clark
...
Spencer M. Clark, Chief Clerk in the Treasury Department's Bureau of Construction, obtains presses for the Treasury's Loan Branch for overprinting seals on notes. About the same time, Clark experiments with two hand-crank machines for trimming and separating. Later that year, Treasury Secretary Salmon Chase directs Clark to proceed with trials using steam-powered machines to trim, separate, and seal $1 and $2 United States Notes.
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The 5-cent note of the second issue of Fractional Currencyfeatures the portrait of Spencer Clark, causing a public uproar.
U.S. Bureau of Engraving and Printing - History Timeline
www.moneyfactory.com [cached]
March 1862:Spencer M. Clark, Chief Clerk in the Treasury Department's Bureau of Construction, obtains presses for the Treasury's Loan Branch for overprinting seals on notes. About the same time, Clark experiments with two hand-crank machines for trimming and separating.
...
August 22, 1862:Treasury Secretary Salmon Chase directs Clark to proceed with trials using steam-powered machines to trim, separate, and seal $1 and $2 United States Notes.
...
Within the week, Clark begins with five assistants.
January 1863:Secretary Chase instructs Clark to start trimming, separating, and sealing all denominations of notes.
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The new bureau is responsible for the regulation of national banks and the issue of National Bank Notes and, nominally, includes the printing and engraving operations thus far handled by Clark.
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December 5, 1864:The 5-cent note of the second issue of Fractional Currency features the portrait of Spencer Clark, causing a public uproar.
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April 7, 1866: As a result of the uproar caused by Spencer Clark's image on Fractional Currency notes, Congress prohibits the portrait or likeness of any living person on currency notes, bonds, or securities.
after Spencer M. Clark, head ...
www.finerarecoins.com [cached]
after Spencer M. Clark, head of the Currency Bureau placed himself on the denomination. As two-cent and three-cent pieces without precious metal
Beeslife
www.beeslife.com [cached]
S. M. Clark, Superintendent of the National Currency Bureau, suggested the second issue be withdrawn from circulation, and be replaced with a third issue. This was the first issue of Fractional Currency to contain signatures.
The obligation on these is similar to that on the Second Issue.
Head of Spencer M. Clark, First Superintendent of the National Currency Bureau (now the B.E.P.)
On the five cent note of this issue Congress had intended to honor Clark of the Lewis and Clark Expedition, but S. M. Clark, the Superintendent of the National Currency Bureau, put his own portrait on the note. This led to a Congressional uproar and the passing of a still existing rule forbidding the use of the image of a "living American" on the notes, coinage or obligations of the United States Government. The Law, however, did not prohibit the production of notes with living portraits on them, if the plates had already been prepared prior to the passage of that statute. Consequently, the notes with portraits of S. M. Clark, F. E. Spinner and William Pitt Fessenden were not illegally issued.
Beeslife
www.beeslife.com [cached]
Spencer Clark - Superintendent of the National Currency Bureau
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