Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1899-08-31
NEW ISSUE or NOTES,
Currency VIII BE Simpliilcd N
the Series of 1899.

the Series of 1899.
Washington, Aug, 30 An entire
serios of new notes Is to be issued by
| the treasury Department. to be destg
mated The issue of 1899 The now notes
will replace the old ones Of the denomi-
nations Of ST. 81, 81. $40 $50, $50 $l0o
and $500 While II il customary for
each administration tt leave It's i'm.
! print on the currency of the nation oy
making an issue OF notes, in this in
stance IL IL intended the currency shall
be greatly simplihcd hy the issue OF
! 1899
Prior to this year each one of the
| three kinds of notes legal tenders, OF
! grccnbacks, silver certificates aud
treasury. or coin. notes had "A separate
plate aud design for each denumina-
| lion As result for the denUmlna
lions from 81 to $500 there were eight
different notes for the greonbacks,
eight for the silver certificates and
eight for tho treasury notes, II Is nov
! proposed to have only eight designs,
one for each denomination, distinguish
! ing between the silver certificate and
! the grecnhack, or between the green
back and the treasury note by the
printing on the note and the color OF
the treasury seal
An that the public Is. at present In
terstcd in Is the denomination of the
note. It wants to be sure that n note
purporting to be 4 81 note Is really 4
| S. note and not one raised from a 81
note. With "A different notes, or three
for each denomination, the average
man may fin! .somewhnt hard to re-
member the general appearance Of a
note OF any denomination, and thus II
Is that by sklllfully raising the figures
on note It Is frequently passed for
one Of higher denomination, When
| these - notes are multiplied by the dil-
! ferent administrations II gives bcwil-
! dering variety Secretary Gage hopes
| by replacing the present issue with 2
new one with only eight dlfferonl
forms OF notes instead OF "a, the cur.
rency vii be simplifcd to that extent
and the people protected TO a greater
degree against counterfeilcrs
One-dollar notes Of the new Issue arc
now being printed and the plates foI
the new s. notes are being prepared
! Designs for the new s. notes have Just
! been submitted 10 the department by
! bureau Of engraving and printing A
the department such designs are care
! fully examined, not only from he
standpoint OF beauty, but also from
! that OF utility. The question ~ the
bcauty OF the design Is decided by Sec
rotary Gage and the desirabllity OF the
design by the secret service officials
| Experts In the secret service give their
opinion as to whether The proposed de-
| sign Is or Is not easy 10 counterfeit
and changes are often made on their
| recommendation
Two designs for the s. silver certIh-
Gates were before the department yes
to-day. One, bearing head Of Hamil-
ton, was rejected The head OF Wash
ington has appeared on 81 notes so
| long that II has become identified with
that denomination. It's presence on
the new ngce would also be an aid TO
the counterfclters In raising 81 notoa
TO 49,
In the new issue he engraving con
tains more open work than In any of
the old notes II was argued there was
no reason for the government 10 adopt
distinctive paper for It's money and
then cover II with engraving 10 such
an extent as 20 hide the character u
the paper The designs for the new
notes will be prepared 20 Ms 10 leave
open spaces at each end Of the note.
where the lines of silk thread In the
napfr can be distinctly seen. While
this Is not absolute precau.ion against
connterfeiting Il helps very materially