Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1913-02-26
MONEY LAUNDERING
HAS COME To STAY
Has Il cen Endorsed by
Banks of Country and is
Proving Satisfactory

WASHINGTON. u C.. Fob 25.--
Lagnderins OF paper money seems
10 have come 10 htay. so Ear as the
government Is concerned II has
been Endorsed by the banks. n viii
add materially 20 the durability OF
the MONEY. Il viii increase the safe
guards against oounterfeitIng, u
VIII provide clean money Tor aii
parts Of tho country and. in geuer-
AT way. il vul be- Ia the interest OF
better things
Thr inventor 81 the laundering
machine for currency b. an omploye
Of "a, brropu OF engraving and print
,ug ID th.a a'y Hurgass smith.
dran!miu. Who s paid az tho rate
OF sd, day l5 the government cog @
total .of $50 q week 30 Doe works nH
ne ,mc
Because OF b.s government employ
meut his device is not paieutable--
that is TO say there is a statute
whic. provides that government en-
plo,cs who devise new and improV-
cd WAYS Of doing government work
cannot secure patents Every thnS
they Invent io- use In the pubic
business must go 10 the government
without cost or royalties of any Kind
M smith Is nov az work ON an
Improvement OF his original machine
which will enable every bank In the
country az nominal expense TO
have,a washing machine of It's own.
rhls new device. when perfected, will
IL is estimated. reduce the expense OF
the government so far as the print
ing OF paper money Is concerned
milligus of dollars year
4 dollar bill. under old conditions.
tasted about r. months. but win
che laundering process perfected
aud GENERALLY IN use, Us use can be
extended indefinitely The launder
ing machine. OF course. does not re-
iuyonatc tho old paper note. u sim
ny takes the dirt ont OF TO- and mus
permits 10 20 De- used for a longer
time
Il Is the opinion OF the director OF
She bureau o. engraving and print
ing that the laundry machines VIII
iisc3rr.f' courferfoItiug because
thoy Ni,l raise the standard of the
circulating notes Go out West OF
SOUTH" SAYS Director Ralph, and
yol will find that the most Of the
paper money 10 use L. soiled but
Vita The advent OF the laundering
machines the people in those sections
having become accustomed 90 the
cieau money. will accept no other
Kind Business men will not accept
u from the banks. and the latter viii
he compelled 20 exchange 10 for new
mon :. or resort 90 the washing
machines u pill probably not be
more than tao or three years. after
the washing machines are In general
use, before clean money will be- In
circulation in all parts OF the coun-
Try.
The bankers prefer the washed
,nOaey. aud So there will be no diff
ruity about having them use the
vashing machines The Numbered
notes are more quickly counted than
the uuwashed kind They slip
.hrough the hands more readily. anc
- cot inclined TO stick Il is the
az OF the new notes that makeA
a. difficult 10 separate"
- o Bailey. assistant secretary
q ~ treasury. says that the laund-
cd money has been In general use
through the Wes, for the past -four
OF five months. and IL becominr
more popular there all the time AZ
CHICAGO. says Mr Bailey. the sub
eeasury puts them out 20 all banks
An1ing iu their notes for redemp.
Non. THIS includes Of course. al
the banks Of Chicago. and Of the
Jhi,sss district The same things Is
true % the so Louis sub-troasury
and D: fsa sub -frrasurics AZ New