The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-11-05
DESIGNS FOR
new CURRENCY
One General Scheme For All Pa.
per Denominations

1
treasury department are moving IN
| the direction of the new and smaller
boper currency, of which there has
already been good deal of preiim-
! mary talk. The secretary of the treas
ury has finally approved the design
| for the new currency, and II shouid
| be possible to have IL I'm general circu-
| lation within eighteen months or
year after the next administration
goes into office.
The treasury department has spent
several months of the present year in
debating the ACCESSIBILITY of the pro-
posed change. getting the advice OF
bankers with reference to II. and fin
ally making n selection of the design.
This preliminary work completed. the
engravers will now be put To work
and things be put i'm order for the
printing of the new money at the bu-
reau of engraving and printing. The
printing presses will begin work much
earlier than the eighteen month limit
above referred to. for IL is the purpose
of the government to have enough
new money printed I'm advance OF
the going into effect of the new order
Of things to supply all the banks from
one end of the country to the other.
Portraits on Each Bill.
The new money will be very much
simpler than that now in use. There
will be one general design for all de-
nominations. and one denomination
will be told from another at a glance
by the portrait it carries. There are
nine different denominations of paper
money i'm this country, and therefore
nine different portraits will be select
ed. A certain portrait, perhaps that of
Washington. will appear on all one
dollar notes and nowhere else. A GER
another on the fives. another on the
tens. and so on through the list. so
that the average person need not look
at bill twice to know its denomina-
ton, once he has familiarized him
self with the portraits.
n
been made of the portraits which will
be placed on the notes of the various
denominations. as follows: one dol
lar. Washington; two dollar. Jeffer-
son; five dollar, Lincoln: ten dollar
Cleveland; twenty dollar, Jackson
fifty dollar. Grant: one hundred dollar
Franklin: five hundred dollar, Chase
and one thousand dollar, Hamilton.
An oval space will be reserved for
| these portraits in the center of the
new notes. In other respects the new
notes will be uniform i'm appearance
excepting that there will he spaces
| left in which to print, on putting them
| through the press a second time fol
| that purpose, the name of particular
national banks
Present Designs PuzzIine.
At present there are nineteen mis-
| cellanecus portraits and historical de.
signs appearing upon the country's
Paper money. These designs serve nj
| useful purpose in identifying the de-
| nomination, nor have they been Sc
| lected in accordance with any schem,
| If historic value. Following are som,
| of the designs which tend to confu-
4 sion:
| The central figure of the 81 note is
| an American eagle, with the capitol ir
| the back ground. while below are
small vignettes of both Lincoln and
Grant. The IS silver certificate bears
| the head of the Sioux chief, Onepa
IA: the central figure on~a IS United
States note. however is a woodsmar
armed with an AK and rife. apparent.
| ly prot Getting his wife and child, ant
as an additional establishment a Wig
nette Of Andrew Jackson is placed in
! the lower left hand corner: the SIS ma
| tional bank note is different from tho
other two and contains a portrait oi
| Benjamin Harrison. with the landing
of the Pilgrims on reverse side. The
| $40 notes show equal confusion. Or
| the gold note liz the portrait of MI
| chael Iiillegas, on the United States
note he central figure is buffalo
| nanked by small visnettes of Lewis
\ and Clark while on the national bank
note is n portrait of William McKin-
| ley, with female figure and ships on
| the reverse.