The first bank-note printer's job was a very easy one. Forgery was very difficult for three reasons: 'There was no such thing as a camera: no such thing as mechanical methods of Feproduction, and, perhaps mast dm-Portant of all, the punishment for forgery was death. In spite of the heavy' handicaps imposed, however, the old forgers were mot to be deter: red: they produced their forgeries, and the bankers were forced to go t0 their printers, and ask them to print their notes in' a manner which would, render it more dificult for a forger to make a reproduction, "The frst invention was the Introduction of a machine called the "pantograph". Prior-to that the bank note was merely a promise to pay, containing usually a portrait of the Governor of the bank, signed by hand cly the director, and also. by the cashier." Tt was found" that this method of producing notes did not prevent forgers uttering a large number of counterfeits, so the pantograph machine was invented, a simple affair, Which enabled microscopic letterin to be introduced into a bank-note i Jsuch quantities that it took the forger very long time to imitate. The introduction of the camera changed the whole aspect of forgery. Instead Jof having laboriously to engrave plate by hand, a.process which took 8 forger months and months, he found himself able to make a typographic plate from a photograph, and the bank-note printers were forced to, introduce anti-photographie tint their notes, so that the forgers were unable to separate the tint printings from the plate printings, which, how-fever, the forgers counteracted by introdicing colour screens."
Text read from the printed page and cleaned; old type leaves the occasional error.