Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1899-09-04
NEW ISSUE OF NOTES.
Currency Will Be Simplif1ed By
the Series of 1899.

Washington, Aug. 30-An entire
series of new notes is to be issued by
the treasury department, to be desig-
mated the issue of 1899. The new notes
will replace the old ones of the denomi-
nations of 81, 81, So, $40, $40, $50, $500
and $500 While it is customary for
each administration to leave it's i'm
print on the currency of the nation by
making an issue of notes, in this in
stance it is intended the currency shall
be greatly simplified by the issue of
1899
Prior to this year each one of the
three kinds of notes-legal tenders, or
greenbacks, silver certificates and
treasury, or coin, notes-had a separate
plate and design for each denomina-
ton. AS a result for the denomina-
tons from 81 to $500 there were eight
different notes for the greenbacks,
eight for the silver certificates and
eight for the treasury notes. It is now
proposed to have only eight designs,
one for each denomination, distinguish
ing between the silver certificate and
the greenback, or between the green
back and the treasury note, by the
printing ON the note and the color of
the treasury seal.
All that the public is at present in
tersted in is the denomination of the
note. 1t wants to be sure that note
purporting to be a SIS note is really a
S. note, and not one raised from a 81
note. With "a different notes. or three
for each denomination, the average
man may find it somewhat hard to re-
member the general appearance of
note of any denomination, and thus it
is that by skillfully raising the figures
on a note it is frequently passed for
one of higher denomination. When
these "a notes are multiplied by the dill
ferent administrations it gives a bewil-
dering variety. Secretary Gage hopes
by replacing the present issue with a
new one, with only eight different
forms of notes instead of "a, the cur
rency will be simplified to that extent
and the people protected to a greater
degree against counterfefters
One-dollar notes of the new issue are
now being printed and the plates for
the new So notes are being prepared
Designs for the new SIS notes have just
been submitted to the department by
bureau of engraving and printing. At
the department. such designs are care
fully examined, not only from che
standpoint of beauty, but also from
that of utility The question of the
G sn INV Coo
rotary Gage and the desirability 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 to counterfeit
and changes are often made on their
recommendation.
Two designs for the S. silver certif-
Gates were before the department yes
terday. One, bearing head of Hamil-
ton, was rejected. The head of Wash
ington has appeared on 81 notes SO
long that it has become identified with
that denomination It's presence on
the new fives would also be an aid to
the counterfeiters in raising 81 notes
to S..
In the new issue the engraving con-
tains more open work than in any of
the old notes Tt was argued there was
no reason for the government to adopt
distinctive paper for it's money and
then cover it with engraving to such
an extent as to hide the character of
the paper. The designs for the new
notes will be prepared so as to leave
open spaces at each end of the note,
where the lines of silk thread in the
paper can be distinctly seen. While
this is not absolute precaution against
counterfeiting, it helps very materially