The Toledo chronicle. [volume] (Toledo, Tama County, Iowa) 1873-1924, 1873-02-13
Bank Note Paper.

IF the reader 10 30 unfortunate .
to have = fresh piece Of fractional
currency In his pocket. . ten or
twenty five cent piece, and will tsks
it out and examine It, he will detect
what u first sight appears to b. i'm.
perfection in the paper on which it u
printed. It 10 full Of little sp<cka
and shreds nf what seems like color.
ed ailk. But il he attempts TO pick
the shreds of, he finds that they are
in the the texture OF the paper itself.
and cannot be got. Of without tear
ing the paper INTO pieces. This is
the first precaution against counter
triting. All tho money m ads by the
United States Governmsn: il print.
oil on this peculiar paper. Il is
made only at one mill, in the viciEi.
ty OF Philadelphia 1t is a penal OF
fence for any other mandatory to
make it. It cannot he made without
large and heavy anaelsiass1s Al the
paper on which United States money
10 made 10 manufactured at this ono
mill The machine. by means of an
automatic register, keeps an account
OF every sheet OF paper manutactur
ed. For every sheet this tsll.tale in.
strument declares has been made,
the proprietor Of this mil must &C.
count TO the United States Govern.
ment, 10 none OF the paper can get
into market except by the United
States authority. 1t the reader finds
this fractional currency, or his United
state note, printed on this paper, he
has one evidence of its gsnuineness,
and ono which the countertei,sr find
it very difficult to copy. They avoid
the difficulty by 30 soiling their bills
that this feature, or rather tho ab.
sencs OF it, is no longer discernable.
Many persons imagine that . we'll
worn bill ls certainly genuine. This
10 mietake. The appearance OF be.
ing we'll worn 10 one easily counter.
teited. The National currency, that
is, the bills which ars issued by the
National banks and not by the United
States Government, are not printed
on this paper.
The next s.epin the manutacture
Of money is the printing. 1t the
reader will examine with care IN
United States hank note, that Is, one
that embodies . promise To pay. not
by bank, hut directly by the United
States Government, no will observe
that the back is printed IN green,
which gives to it its title OF green.
back, while the front, besides the hg-
ures and the picture aud the red
stamp, which combine to cover the
surfaee quite effectually, has also
upon its groundwork tint, also Of
green.
The paper whom it comes from the
mandatory goes to one OF the bank
note companies of New York, which
prints the green back; the sheet 30
p'inted is then sent to another bank
note company, which prints green
tint upon the face OF the note /; and
the halt printed note is then forward
ed to Warrington, where The pro.
cess 10 completed by printing tho
pictures, the numbers denomina
tlons, the signatures, the words and
the red stamp. The company which
receives the paper from the mill gives
a receipt TOR tho paper received,
which is tho voucher of the mill ow.
ner to the United States. That com
pany must then turn over to tho
other company notes equivalent to
the full amount of paper received,
and must to the government Tor any
that are mutilated in process Of print
ing and the second company which
gives, in turn, . receipt tor the in-
complete bank notes, must give to
tho government As much as it has re.
ccived from lta associates in the
work. Thus, If there were . fraud.
ulsnt workman in either company he
could not defraud the government
without confederate in The other
company, and both must have third
confederate in the Treasury Depart.
msnt. In short, it would seem to bs
impossible to force upon the market
any money manufactured Tor the
government, which it has not duly
received and got the value tor, with
out \ gigantic conspiracy, involving
not only the Treasury Departmet
itself, hut also the two greatsstbank
note engraving corporations in the
United States, and probably IN tke
world. Not even dishonest 500.
rstary ot the Treasury has it in his
power to d-fraud the govarumsnt by
manufacturing money for it, own
uss.-Scientifc Anssrican.