#262 – 1894 $2 Madison, unwatermarked

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U.S. #262
1894 $2 Madison
Type II
 
Issued: December 10, 1894
Issue Quantity: 10,027
Printed by: Bureau of Engraving and Printing
Watermark:
None
Perforation:
12
Color: Blue
The Bureau of Engraving and Printing
With the issue of the 1894 series, the United States Bureau of Engraving and Printing (BEP) began printing postage stamps for the first time. Until this date, contracts had been awarded to private companies for the production of stamps.
 
The BEP was established in 1862, following the outbreak of the Civil War. When the firing on Fort Sumter began, the nation was already on the verge of bankruptcy and was in no position to finance a war. This matter, along with other war issues, prompted President Lincoln to call a special session of Congress. During this session, Secretary of the Treasury Salmon P. Chase suggested issuing non-interest bearing notes that would circulate as money and a system of domestic taxation.
 
Congress adopted the Chase plan, and as a result the first government-issued paper money came into existence. The notes were printed by the New York Bank Note companies and were then signed by the Treasurer of the United States and the Registrar of the Treasury. This procedure was soon found to be impractical. The designated officers had no time to do much else than sign their names on the notes! Therefore, it was decided that the notes should be imprinted with copies of the required officers’ signatures, as well as the Treasury seal. In addition, it was decided that this printing would be done in the Treasury building. The necessary machines for imprinting were obtained, and on August 29, 1862, the Bureau began its work, which would later lead to the printing of postage stamps.
 
That same year, the President appointed a commissioner of internal revenue, who was given the authority to assess, levy, and collect taxes. Items such as medicine, perfume, cosmetics, alcohol, and tobacco were taxed, and stamps were provided as proof of collection of the tax. The BEP began by printing only the beer and cigar stamps, but by 1878, nearly all revenue stamps were produced by them.
 
In 1894, with the approval of the Secretary of the Treasury, the Bureau submitted a bid for the contract to print the new stamps. Their bid was almost $7,000 less than the lowest bid submitted by the three private companies also competing for the contract. Despite loud protests that the Bureau was not capable of producing the stamps, they were awarded the contract.
 
Since then, with some exceptions, they have printed most of the U.S. postage stamps. Today, the Bureau of Engraving and Printing is the world’s largest securities manufacturing firm. Remaining in Washington, D.C., it moved from the attic of the Treasury building and is now located in two specially-built buildings with a total floor space of almost 24 acres. The BEP has over 3,300 employees and is in operation 24 hours a day.
 

Birth Of Artist Gilbert Stuart 

U.S. #884 from the Famous Americans series.

 

 

 

 

 

 

On December 3, 1755, Gilbert Stuart was born in Saunderstown, Rhode Island Colony.

Stuart was the third child of Gilbert Stuart, who worked in America’s first colonial snuff mill.  When he was six, Stuart’s family moved to Newport, Rhode Island.  It was there that he first began to show an interest and talent for painting.  In 1770, Stuart met Scottish artist Cosmo Alexander, who served as his first art tutor.   The following year Stuart traveled to Scotland with Alexander but returned to America in 1773 following his tutor’s death.

U.S. #1046 – Painted by Stuart in 1794.

 

 

 

 

 

 

Stuart didn’t remain in America for long. After the Revolutionary War started, he departed for Europe to study, as John Singleton Copley had done before him.  While he struggled at first, Stuart eventually met artist Benjamin West, under whom he studied for the next six years.  He first exhibited at the Royal Academy in 1777 and found his first real success with The Skater in 1782, his first full-length portrait.  Stuart recalled that he was “suddenly lifted into fame by a single picture.”

U.S. #707 pictures The Athenaeum.

 

 

 

 

 

 

In all, Stuart spent about 18 years in Britain and Ireland, earning some of the highest commissions of the day.  He finally returned to America in 1793, first living in New York City before settling in Germantown, Pennsylvania, two years later.  There, he established a studio and was soon hired to paint some of the most famous and significant Americans of the day.

U.S. #715 pictures a Stuart painting from 1795 called the Gibbs-Channing-Avery portrait.

 

 

 

 

 

 

One of Stuart’s goals in moving to Germantown (near then-US capital Philadelphia) was getting to paint President George Washington.  He succeeded and had the first of several sittings with the president in March of 1795.  From these sittings, Stuart produced some of his most famous paintings, notably The Athenaeum, which was later used for the $1 bill and several US stamps.  During his lifetime, Stuart and his daughters painted 130 reproductions of The Athenaeum, but he never finished the original.  Another famous Washington painting is the Lansdowne portrait, which was famously saved by Dolley Madison during the War of 1812.

U.S. #1033 – Stuart painted this portrait around 1805.

 

 

 

 

 

 

After opening a studio in Washington DC, Stuart moved to Boston in 1805.  There he exhibited his works and continued to paint.  Many other artists also sought him out for advice, including John Trumbull, Thomas Sully, and John Vanderlyn.

Over the course of his career, Stuart painted more than 1,000 people, including the first six presidents.  He was in high demand, not only for his painting talent but for his demeanor during sittings.  As John Adams later described, “Speaking generally, no penance is like having one’s picture done.  You must sit in a constrained and unnatural position, which is a trial to the temper.  But I should like to sit to Stuart from the first of January to the last of December, for he lets me do just what I please, and keeps me constantly amused by his conversation.”

U.S. #1048 – Painted by Stuart in 1813.

 

 

 

 

 

 

Stuart suffered a stroke in 1824 that left him partially paralyzed.  In spite of this, he continued to paint for the next two years until his death on July 9, 1828.  Unfortunately, Stuart was never good with money and when he died was in deep debt.  His family was unable to purchase him a gravesite, so he was buried in an unmarked grave in the Old South Burial Ground of Boston Common.  A decade later his family recovered from their debt and wanted to move his body to their family plot, but couldn’t remember exactly where he was buried, so he was never moved.

Over the years, Stuart’s paintings have served as the models for a number of US stamps, including these:

U.S. #301

 

 

U.S. #319

 

 

U.S. #720

 

 

U.S. #1054

 

 

U.S. #1105

 

 

U.S. #2592

 

 

U.S. #262

 

 

U.S. #4504

 

 

 

Click here to see more Stuart paintings.

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U.S. #262
1894 $2 Madison
Type II
 
Issued: December 10, 1894
Issue Quantity: 10,027
Printed by: Bureau of Engraving and Printing
Watermark:
None
Perforation:
12
Color: Blue
The Bureau of Engraving and Printing
With the issue of the 1894 series, the United States Bureau of Engraving and Printing (BEP) began printing postage stamps for the first time. Until this date, contracts had been awarded to private companies for the production of stamps.
 
The BEP was established in 1862, following the outbreak of the Civil War. When the firing on Fort Sumter began, the nation was already on the verge of bankruptcy and was in no position to finance a war. This matter, along with other war issues, prompted President Lincoln to call a special session of Congress. During this session, Secretary of the Treasury Salmon P. Chase suggested issuing non-interest bearing notes that would circulate as money and a system of domestic taxation.
 
Congress adopted the Chase plan, and as a result the first government-issued paper money came into existence. The notes were printed by the New York Bank Note companies and were then signed by the Treasurer of the United States and the Registrar of the Treasury. This procedure was soon found to be impractical. The designated officers had no time to do much else than sign their names on the notes! Therefore, it was decided that the notes should be imprinted with copies of the required officers’ signatures, as well as the Treasury seal. In addition, it was decided that this printing would be done in the Treasury building. The necessary machines for imprinting were obtained, and on August 29, 1862, the Bureau began its work, which would later lead to the printing of postage stamps.
 
That same year, the President appointed a commissioner of internal revenue, who was given the authority to assess, levy, and collect taxes. Items such as medicine, perfume, cosmetics, alcohol, and tobacco were taxed, and stamps were provided as proof of collection of the tax. The BEP began by printing only the beer and cigar stamps, but by 1878, nearly all revenue stamps were produced by them.
 
In 1894, with the approval of the Secretary of the Treasury, the Bureau submitted a bid for the contract to print the new stamps. Their bid was almost $7,000 less than the lowest bid submitted by the three private companies also competing for the contract. Despite loud protests that the Bureau was not capable of producing the stamps, they were awarded the contract.
 
Since then, with some exceptions, they have printed most of the U.S. postage stamps. Today, the Bureau of Engraving and Printing is the world’s largest securities manufacturing firm. Remaining in Washington, D.C., it moved from the attic of the Treasury building and is now located in two specially-built buildings with a total floor space of almost 24 acres. The BEP has over 3,300 employees and is in operation 24 hours a day.

 

Birth Of Artist Gilbert Stuart 

U.S. #884 from the Famous Americans series.

 

 

 

 

 

 

On December 3, 1755, Gilbert Stuart was born in Saunderstown, Rhode Island Colony.

Stuart was the third child of Gilbert Stuart, who worked in America’s first colonial snuff mill.  When he was six, Stuart’s family moved to Newport, Rhode Island.  It was there that he first began to show an interest and talent for painting.  In 1770, Stuart met Scottish artist Cosmo Alexander, who served as his first art tutor.   The following year Stuart traveled to Scotland with Alexander but returned to America in 1773 following his tutor’s death.

U.S. #1046 – Painted by Stuart in 1794.

 

 

 

 

 

 

Stuart didn’t remain in America for long. After the Revolutionary War started, he departed for Europe to study, as John Singleton Copley had done before him.  While he struggled at first, Stuart eventually met artist Benjamin West, under whom he studied for the next six years.  He first exhibited at the Royal Academy in 1777 and found his first real success with The Skater in 1782, his first full-length portrait.  Stuart recalled that he was “suddenly lifted into fame by a single picture.”

U.S. #707 pictures The Athenaeum.

 

 

 

 

 

 

In all, Stuart spent about 18 years in Britain and Ireland, earning some of the highest commissions of the day.  He finally returned to America in 1793, first living in New York City before settling in Germantown, Pennsylvania, two years later.  There, he established a studio and was soon hired to paint some of the most famous and significant Americans of the day.

U.S. #715 pictures a Stuart painting from 1795 called the Gibbs-Channing-Avery portrait.

 

 

 

 

 

 

One of Stuart’s goals in moving to Germantown (near then-US capital Philadelphia) was getting to paint President George Washington.  He succeeded and had the first of several sittings with the president in March of 1795.  From these sittings, Stuart produced some of his most famous paintings, notably The Athenaeum, which was later used for the $1 bill and several US stamps.  During his lifetime, Stuart and his daughters painted 130 reproductions of The Athenaeum, but he never finished the original.  Another famous Washington painting is the Lansdowne portrait, which was famously saved by Dolley Madison during the War of 1812.

U.S. #1033 – Stuart painted this portrait around 1805.

 

 

 

 

 

 

After opening a studio in Washington DC, Stuart moved to Boston in 1805.  There he exhibited his works and continued to paint.  Many other artists also sought him out for advice, including John Trumbull, Thomas Sully, and John Vanderlyn.

Over the course of his career, Stuart painted more than 1,000 people, including the first six presidents.  He was in high demand, not only for his painting talent but for his demeanor during sittings.  As John Adams later described, “Speaking generally, no penance is like having one’s picture done.  You must sit in a constrained and unnatural position, which is a trial to the temper.  But I should like to sit to Stuart from the first of January to the last of December, for he lets me do just what I please, and keeps me constantly amused by his conversation.”

U.S. #1048 – Painted by Stuart in 1813.

 

 

 

 

 

 

Stuart suffered a stroke in 1824 that left him partially paralyzed.  In spite of this, he continued to paint for the next two years until his death on July 9, 1828.  Unfortunately, Stuart was never good with money and when he died was in deep debt.  His family was unable to purchase him a gravesite, so he was buried in an unmarked grave in the Old South Burial Ground of Boston Common.  A decade later his family recovered from their debt and wanted to move his body to their family plot, but couldn’t remember exactly where he was buried, so he was never moved.

Over the years, Stuart’s paintings have served as the models for a number of US stamps, including these:

U.S. #301

 

 

U.S. #319

 

 

U.S. #720

 

 

U.S. #1054

 

 

U.S. #1105

 

 

U.S. #2592

 

 

U.S. #262

 

 

U.S. #4504

 

 

 

Click here to see more Stuart paintings.