The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-06-08
QUANTITIES OF PENNIES.
Yearly Output Is About sixty Millions
Where Are Theys

Washington Star.
you would think that a large postofice
would take in through it's stamp windows
more pennies than it pays cut. but the con-
trary is the case" said a clerk in the
Washington city office.
81 often have to exchange silver for pen-
MES in the afternoon with the newsboys
who sell the Star on the front steps of the
Postoffice Department building, and we are
always ready to accommodate the boys
when they offer their nickels and dimes In
this way the pennies the people pay for the
Star are at once thrown into the mighty
stream Of circulation. as often pay out
over 300 pennies in a day more than I take
in. In fact, we at all times keep a reserve
stock Of the handy little copper coins.
Yes, know that many people suppose
that We receive pennies largely in excess
of what We pay out, the idea originating.
no doubt, because those who hand in pen
MES for stamps may suppose that a majcr-
ity of the sales thus paid for. I have
sold single penny postage stamp, a 2-cent
stamp penny newspaper wrapper or a
single postal card and received $50 bill to
change. In short, the stamp window Of a
p0Stomce is really place for changing
pllls OF all denominations, and silver coins.
especially on the department paw davis
srV eh Iea tne large al ois drop IN here ike the
A treasury official told the Star man that
tnere was big demand for pennies from
all over the country, but there was no
scarcity Of the coin
. During the last calendar year" he said
we put into circulation about 20 560 O00
ps slA!es, ana the average yearly output is
ABOUT 60,OOO0O0. Beginning with Ane,,st
the mint in Philadelphia, which is the oDIx,
mint where pennies are coined will he0in
20 turn them out by the millions to meet
the demand for the fall and HOLIDAY tra5e
we nave greatly increased our facilities for
coming pennies, and We now have fer
Presses Ior that purpose, as we do not use
the presses with which we coin gold and
silver pieces for copper coins. We huv ~
copper In strips by the avoirdupois Donna
aho one press can strike of 100 a minute or
We can turn out In a day OF seven and a
half hours about $50 900 pennies. anu q
=, PENNIES disappear like pins-no one
hhoWs Wnere they go, but they go. as NAV
De judged when il IS remembered tbst -
nave coined in all 1880 100000 nenniss
Inc OLD white eagle pennies. which fen -
the present growth Of small boy have sseT
are redeemed when turned in and 49,,
into nickel pieces, which. nv tba ,o. i'iaue
more copper than nickel. as they 80 = a.
OF an ailoy OF 70 per cent. copper and -
pa Sest nlcKel. Around the HOLIDAYS
anu before the coming OF the circns 49, =,
Town. the pennies are boarded bN fbs sr ,ll.9
boy All over the land by the r,ilisa Sii-ai.
&c s dnls On boy or my acquaintance he1,-
ing dropped into his little horne 49, 81 y
pennies 70 60 into SAVINGS 49, - N
rdliroad companies and Other .ol- nc
s,ae , nrns VINO receive pennies in aasntis
s,,t, ..fn them INTO the treasury in 49,,
subject TO count, and thev 80 III pass
IN IN currency There are untold n,,,,te- aS %
- nhSisalI over the country In the ho.,t-.
rariIv fron, ., Mnleh are withdrawn tempo
70 rsoa I'm circulation. People do not -.
20 receive pennies in chang - - not IKE
81 40 nor IKE 10 carry them IN tbe ,si,
to much $500 so out OF their way ana
needed secure them. when