Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1914-12-19
NEWS FROM WASHINGTON, D. c.
Clean Currency.

clean paper money 10 piiS u wy 20
vileges Washingtoniars enjoy, and dol
lar bills are used almost entirely in
stead of silver dollars. In fact soiled
paper money ard silver dollars are seen
only when brought here by outsiders,
The hotelmen, restaurant keepers
bankers. tradesmen and others, who
obtain money brought IN by visitors
are prompt IN exchanging it for new or
laundered money.
A bank or first class business lnstitu-
ton will rarely attempt TO offer any
thing INT clean money. Those in the
government service, save those who
have the privilege of receiving money
by cheek, receive their pay IN new pa
per money inclosed IN flat envelopes.
Silver half dollars are not numerous
and. in making change, two silver quar-
ters are generally used instead OF
half dollar. Only little effort is neces-
sary-the time consumed IN making
the exchange at the treasury or at
hanks-to obtain clean and new money.
In the treasury 3 laundering machine
has been in use for several years oast'
where slightly solIed dollar or two dol
lar bills are laundered. In the nam
the machine does perfect work. Or
course. no attempt is made to wash
badly solled money which is doomed to
destruction upon finding ITS way into
the treasury, and in its stead new
money is gwen out. One of these mon
ey washing machines will no doubt be
operated at the coming California eX-
position as an exhibition of the Treas
ury Department
The new Federal reserve currency
which the Bureau of Engraving and
Printing has been turning out at rap
id rate to be distributed through region
al banks no doubt will mark a great
milestone along the financial road of
this country. and AID all sections in Sc
curing with greater ease and dispatch
new and clean money IN place of 81
many solled and tattered bills. The 10
auguratiun of the new regional reserve
bank system and the issue on these new
bank notes should witness the carrying
out of one most desirable reform, name
ly. constant supply of new and i'm
soiled currency. The law dem ands that
whenever bank notes any regional re
serve bank receives in the course OF
business shall be returned 20 the re
gional bank which issued them. If the
rule Is also made that the old currency
shall be destroyed and clean notes is
sued in It's place. then the pubic vii
be assured of generous supply of reas
onably unsoiled currency. And Will,
folks are apt to look with favor upor
any old kind of money, there really il
no gvod reason why they should carr!
and handle greatly soiled paper none!
any more eagerly than they would han
die and carry about othet dirty articles
The administration is dong everythni
possible to bring about conditions b!
which all people can have the use o
clean currency.
As the writer has said IN previous
paragraphs, the Old paper money an,
spoiled sheets of money are ground in
to pulp by macerators operated N tn,
Treasury building and IN connection
with the Bureau of Engraving anC
printing, the pulp is sold to manufac
turers of paper and makers of pape
articles; the paper used by the govern
meut for money is of special quality
containing RED, white and blue fibre
and Is made by a secret process.
The Neso York SubSoay.
The Nav NnrL snhr.-au rnnnrt,. enr,,