The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-12-13

On the United States note Of the de-
nomination of one dollar the seal will
be red. on the silver certificate blue,
while for the treasury note some other
color will be chosen. This will be a
distinct advantage to those whose
work it is to count large sums in bills,
as all notes of one denomination will
be the same general design, and, the
character Of the note will be deter
class will be uniform .
It has been decided with regard to
the back of the notes to have them
nearly all alike. Green will continue
to be the prevailing color; so that the
time honored name of fgreenbacks, -
by which the Americans have been
accustomed to refer to their paper
currency, is in no danger Of being re-
tired on a pension. S. 10.
the new bill will have in comparison
with the old is that on che broad ex-
panse of green t1ereh wifi be a large
white space This may = not seem a
very important matter to the average
citizen, but nevertheless cit will cause
a deeper wall to be heard in the camp
of the counterfeiters, than anything
else about the new bills For years
experts have been wrestling with the
detection of the absence of silk
threads, a peculiarly Of genuine notes
that ceunterfeiters have always had
troubIeN with. Experts have agreed
that this white space. on. the green
back of the bill will effectually solve
the problem, as the absence of the
threads is plainly noticeable on the
white space.
Since it became known that the
folc 1T0Ia tod
ing and improving the paper currency
the department has been inundated
with all kinds of suggestions, most of
them of the freak variety and nearly
all coupled with the assurance that
the writer associated with the mon
eyed men of the country and knew
that his suggestion embodied the con-
sensuS of opinion Of those who would
have the chief handling OF the bills.
Some of these letters have contained
suggestions of value and the result of
adding to the ideas gained by years
of experience in the treasury depart
ment the best of these suggestions
made from the outside has produced
a series of notes that will make life
pfeasanter to the overburdened en-
plOyes of banks and money changing
institutions.
Although the designs have practical
~ Deen declucu upon, anu w III ldhe
the shape described above, the new
bills will not be ready for circulation
for several months. The getting out
of new money is necessarily a slow
process, and it is we'll for honest men
that it is so. The engraving of United
States bills, in the ELABORATE manner
that is necessary, is. not work of
days or of weeks, but OF months. 1t
will probably be at Lease six or eight
months before the engraVers will have
completed their work, on the new bills,
and a further time Will elapse before
they can he printed and dried ready
for circulation. 1t is possible that be-
fore that time, if the plan of Secre-
tary Gage is carried out. athere will be
a revision and unificatiouI of the paper
currency of the country. I The plan of
Secretary Gage anticipates such a
change in a measurel and 1can be easily
adapted to it, If the existing forms of
paper money should be done away
with by congress- and in their place
a single class of government notes
substituted, resting UPON the combined
gold and silver reserve, the design
drawn for the secretary will be appli-