Milford chronicle., 1904-05-20
FATE OF OLD BANK NOTES.
TO Be More Thoroughly Maeeratea
For Pieces Have Been Red..o,,,..,s

To Be More Thoroughly Macerat.a
For Pieces Have Been Redeemed.
Through an order promulgated bv
The treasurer of the United States the
old macerating machine in the sub-
basement Of the treasury at Washing.
ton has been put out Of commission.
and hereafter all paper money. wbetb.
er issued by the government or by ma
tonal banks, will be reduced to min
IN the large macerator at the bureau
OF engraving and printing.
This order was brought about bv n
protest made by national bankers
claiming that the old machine failed
to do its work perfectly and that the /
Dank notes dumped into if nor infra-
quently turned up in sections for re-
demption by the banks of issue. that
the pup sold to various makers and
manufacturers of images, to be resold
as souvenirs, was filed with large
pieces of bills and that these were
PICKED from the pulp images and Of 6
Iered Tor redemption. Notwithstand- Y
ing the Gact that the treasury mscero- t
tor has been in service for many Years t
ana has reduced to pulp MANY triIlions L
OF dollars in bank notes which had Il
ceased to be current, this comnIoint
was the nrst one ever made against its 81
lonperformance of duty, but the treas.
lrer got such positive evidence that st
ne bankers were correct in their as 81
ertions that he issued the order. BE-
washington souvenir dealers have D.
ong realized that the pulp images l
ound a heavier demand than any 9th be
r and those made from the puIn Of De
ne notes last destroyed-or partly So pa
the treasury maceratOr have always til
rought a higher price than the ones su
from the pulp of tbe st.
acerator at the bureau of engraving
Id printing, this being due entire1v All
the faet that images from the latter He
htaln not speck of greenbacks the anC
les Deing reduced to almost n whit Dol
pulp. Naturally visitors prefer an So
lage made from real mOnevn in den
lich some Of the money would he in bee
ldence. The treasury macerator pro- KEEP
ction, or output, was therefore worth But
great deal more to the manufach1r. thai
and always brought much larger dulg
ce. In fact, the bureaus puln was adje
lost a drug on the market. Il
ut now the images-busts of nrasi- nom
u.s. the Washington monument. I'm Dem
sam S hat, the national emblem Che max
le), the capitol, the treasury oats This
S, frogs, etc, each representino plan
n $4,000 to $15,OOO-must he modo Dem
the bureau pulp or first class men
ltertelt, for every note DESTROYED pleas
t De IN this specially constructed Inc
orator. which works every dav and canct
t IN the year except Sunday. tbera deleg
g from $1,5OO.OOO to 50 OOO 600 "E,
Grated every twenty-four hours ties
work of maceration and the nran- Mr.. +
ion for it are under the personsI boltir
'uon Of representatives of tbe conte
'urer, the secretary, the comptroI- friend
M the register, and these renra- part,
-uEes go with the heavily guarded ed ha
VI containing the money to the b1,- edge
Wnere 1t is taken from the steel be sci
) checked off, placed in the mac. are Sc
+ the iron doors closed. locked tiOn.
ealed, and then the machine bo by the
Is work of destruction. The large who h
or vat in which the money - have I
is filled with some kind of c6or,. I am fC
and network of macbinorr, consist
up a continuous churnino onJ But
ng until u o'clock the folIowiDa as disl
rhen it is stopped, the min +ol,an Louis :?
Id another million or two nIocod Il tn
be treated in the same wav for It is Sc
xt twenty-four hours. masses,
ms process of maceration n 70 Never
impossible for any one to find that 10y
Vidence of money in the min troll at
ne small silk threads which rr, tention
D all genuine notes being entire convent
royed save to form part Of tho In fac
pulp.-New York Tribune and EN-
" room W