Homer Lee Bank Note Company Explained

The Homer Lee Bank Note Company produced postage stamps and currency and was founded in New York City by artist, engraver, and inventor Homer Lee. In 1891, it was absorbed into the American Bank Note Company.

The Homer Lee Company grew in the 1880s and 1890s by producing engraved stock and bond certificates, for railroads and mining companies. In 1883, it won the competition to engrave and print the first postal notes for the postal system during the contract's first four-year period.[1] Both the yellow and the white security papers for these early money orders were produced by Crane and Company in Dalton, Massachusetts. Homer Lee hired Thomas F. Morris, perhaps best known for his later work as the government's Chief of the Bureau of Engraving, from the American Bank Note Company to be his superintendent.[2] The Homer Lee Bank Note Company produced currency and postage stamps for numerous foreign governments before amassing debts and being taken over by the American Bank Note Company in 1891.[3]

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    1. News: COMPETING WITH THE GOVERNMENT.; AN OUTSIDE FIRM BIDS LOWER THAN THE BUREAU OF ENGRAVING. . 2008-08-29 . New York Times . May 29, 1883 . The New York Times.
    2. News: DEATH LISE OF A DAY (Obituary of Thomas F. Morris) . 2008-08-29 . New York Times . January 20, 1898 . The New York Times.
    3. News: CITY AND SUBURBAN NEWS (The Homer Lee Bank Note Company has been absorbed...) . 2008-08-29 . New York Times . October 28, 1891 . The New York Times.