I suppose its axiomatic that you can't have paper money without a bureaucracy.  Paper money is a token of an IOU system, and someone needs to keep permanent records.  The Austrians got into that game rather early, at least in European terms.

AUSTRIA, 10 gulden, P-A32, 1.1.1800, light hinge marks & a bit of pencil writing on back, XF $110.00 sold
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AUSTRIA, 1 gulden, P-A150, 7.7.1866, Pick plate specimen, small split fold, VG $42.00
Click picture for enlargement.

Bob Reis
POB 26303
Raleigh NC 27611USA
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