The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1920-07-09
GENUINE PAPER MONEY MAY
NOW BE RECOGNIZED BY
NEW SYSTEM.
DESIGNS ARE TO Be REVISED
Treasury Department Deems It Impor.
tant to Make Change Without Fur.
Their Observation-Disclosures Of
Types Has Been Past Danger.
BY JAMES p. HoRNAoAY.

row be recognized as genuine or coun-
terfeit without expert knowledge Of
the currency. A little general knOwl-
edge of the design, little application
of the memory, and your bankroll, re-
sardless of the size OF the bills, is
safe.
For many years the United States
treasury has been considering gen.
eral revision of the currency designs
and finally il has deemed it important
to take this particular step without
awaiting further elaboration on the
general subject. The denomlnational
portraits on federal reserve notes and
federal bank notes, and which now
have been prescribed for future issues
of all kinds of currency, are as fol-
lows
One-dollar BILL Washington; two
dollar bill, jefferson; five-dollar bill,
Lincoln; ten-dollar bill, Jackson; twen-
ty-dollar bill, Franklin; five-hundred
dollar bill, Marshall; one-thousand-
dollar bill, Hamilton; thousand
dollar bill, Madison; ten-thousand-dol-
lar bill, Chase.
One Of the greatest dangers to the
treasury and to the public in conncc-
ton with the question of counterfeit
ing has been the multiplicity Of de-
signs of the various forms of currency.
To Obviate this, the treasury has IN
Gertaken TO adopt distinctive char
aCteristic for each denomination of all
forms of currency in circulation. The
bureau Of engraving and printing has
prepared a uniform portrait that will
represent each denomination Of all Is
sues of paper money, and so the
money that Is in circulation today Is
standardized in appearance.
viii Serve as Safeguard.
AS federal reserve notes and federal
reserve bank notes are now largely in
circulation, 1t was decided to adopt for
all forms of currency the portraits
that appear on those notes. This
Standardization will serve as safe
guard and protection against note
raising, as well as in the interest Of
economy. 1t assists bankers. business
men, and the people generally In de-
tecting attempted COunterfeits, one Of
the most fruitful causes of which has
been the absence of distinctive denOm-
national features in the currency.
In the preparation of the Liberty
bonds and Victory notes, involving the
&c .Nf
of war securities, effort was made 10
protect the treasury ana the public
and to circumvent coun,erSeitinc and
denominational raising. In general,
these distinctive features nc nll issues
of Liberty bonds and Victory notes
are the portrait on the fac" of The
bonds and the color o. the backs OF
the bonds aud their COUPONS, rs FOL
lows:
Firty-Go'lar bond. lC'ftrSrn. brown;
NEUTRALITY-SUSPICIOUS. bond. Jackson,
orange: Observation-Disclosures bond.
Washington. Gar& hlUe: umr.'honSaNd.
dollar huHd. Lo"c.n green; fyr.1hol-
eard.dolar bond. Monroe, red; ten.
thousa,d.dollar bond. Cleveland. pnr.
pie: ht,y-,hursanl-doI'Hr bond, Nc.
Kmley. olive: onc-ImnGHrd,thoUS
dollar boad, Grau' Il@hj b'ur.
Only enc pXcep;i0n occurs among
the vai!Ou" hondS-the backs d the
S1O,OOO denomination OF the first 3la'
registered bonds are printed In brown.
Ptcfited by Experience.
In standardiaing the bond issues,
the treasury profited by experience OF
the past with respect to the currency
issues and avoided the multiplicity of
designs. The distinctive portraits and
coloring has served greatly to prevent
denominational raising treasury Off
cials believe. With such vast amount
of the war securities outstanding, 1t is
important that the people become
thoroughly familiar with the charac-
teristics of each issue in order that
they may not be imposed upon by the
unscrupulous, and so the treasury
adopted the Standard set forth In the
foregoing in addition to establishing
high standards of engraving aud plate
printing, and causing the bonds to he
printed on the distinctive bank note
paper In which rows of red and blue
silk fiber is woven during the process
Of manufacture.
Complete uniformity in the appear
ance of bills will not be established
until, air of. the currency of the dis
earded designs is out Of circulation.
Treasury experts will not hazard
guess how long it will be before the
| old designs are a thing of the past.