Omaha daily bee., 1908-08-06
NEW NOTES MUCH LIKE OLD
Aldrich- vreeland Bills Do Not Change
Money Radically.
OMAHA HAS NOME UP TO PRESENT
No Danger Of Ever MakinE EHer'
Eency Currency Dot OF This,
says Cashier BuchoIS of
Omaha National.

80 far IS the bankers OF Omaha know
none OF tho new currency. issued under the
Aldrioh-vreeisnd currency act Il In cir
culation IN Omaha. though almost every
banker has seen some OF the notes and de-
ciares there IL such a slight difference that
even a trained eye could hardly tell the
new bills from the old currency.
rhe old issues said secured by the
United States bonds deposited with the
treasurer Of the United States" The new
notes. read United States bonds ana other
securities"
II Il ever becomes necessary to Issue
emergency currency there will be no
change IN the appearance of the money. It
goes now and will go II another October r.,
1901, comes along to disturb the country.
Bankers say the government has made
somsthing like $4,000 Of the notes ana Will
send them out as the banks send in their
old circulation for redemption, or rather to
be replaced with new money when the old
bills wear out.
No Chance for Emergency.
There is not one chance in a thousand
Of ever issuing the Aldrich-vreeland bills
asr emergency currency under the provisions
Of the recently enacted law" said W., II.
BucholK, cashier of the Omaha National
BANK, ana AneEt IL hcAo thahSS NHo
Of the bankers in and about Omaha organ
iEine A currency association and caliins
for some Of the new circulation secured by
other than government securities"
There Is absolutely no interest in the or
Ranixation Of currency associations, though
the law has permitted their organization
since May l.. The only one organized is the
National Currency association OF Washing
ton, d. c., according to the National City
Bank circular for, August, which has just
been received In Omaha
In Omaha the reluctance to organize is
because there Is absolutely no necessity
for a currency association. Then the bank
ers say there is no provision in the law
authorizing Individual banks to withdraw
voluntarily from an association when all
the obligations Of an association shall have
been satisfied.
Money No Easier.
SO money will not be any easier for the
average person to get than 1t has been In
the past. The secured by government
bonds and other securities will not affect
the average man or woman. The money
will be just as good at all times. There
are hundreds Of securities which for all
practical purposes are Just as good as the
government securities. II there is any
doubt about the new money being good,
those who have a lot of money in cash can
get gold certificates. Gold certificates will
not be changed in any way by the new
currency law. They are simply backed By
gold IN the vaults Of the United States
treasury. Gold IL worth S20.6 an ounce the
world over and will be for generations TO
come from all present Indications. The
government will pay almost an ounce Of
-
80 those who are lucky enough to get the
certificates, have something. but most peo-
pie will take Aldrich- vreeland currency at
par in s.. SO. $50. $50 and 800. and. in an
emergency. accept 5000 or $4,000 bills in
punches OF five.