The E-Sylum:  Volume 7, Number 3, January 18, 2004, Article 24

THOUSAND DOLLAR BILL CONFISCATED

  The Associated Press reported this week that the mayor
  of St. Louis suburb Pine Lawn, Missouri "fancied a rare
  $1,000 bill that was seized in a traffic stop, so the town
  wrote the driver a check and the politician kept the cash.

  Not a fair trade, according to the driver, a retired trucker
  who said he carried the bill in his pocket for two decades."

  "Experts said collectors will pay $1,300 to $3,500 for the
  bill showing President Grover Cleveland, depending on its
  condition. The U.S. government printed its last $1,000 bill
  in 1934 and took the denomination out of circulation in 1969
  after technology replaced paper notes for transfers of large
  sums."

  "According to an official report, Smith was taken to the
  police station, where the mayor watched as police counted
  Smith's money, including the $1,000 bill, several $100 bills
  and a few $2 bills."

  "The mayor fetched 10 $100 bills, and police switched the
  money and deposited it in an account for seized drug assets,
  the report said.

  In September, county prosecutors refused to charge Smith
  with selling drugs and ordered the money returned. The city
  issued Smith a check for $3,231 to cover the $1,000 bill and
  his other cash."

  Wayne Homren, Editor

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