The Dawson news. (Dawson, Ga.) 1889-current, 1921-09-13
MAKE NEW CURRENCY
SMALLER IS PROPOSAL
THE GOVERNMENT AT WASH
INGTON WILL ECONOMIC
IN MAKING MONEY.
COST OF PAPER is VERY HIGH
A New Process of Marking as Bet
ter Safeguard Against Counterfeit
ers Is Also Planned. Unaltered Al
most Since Foundation of Republic.


ers Is Also Planned. Unaltered AL
most Since Foundation of Republic.
WASHINGTON, D. C.-The gov
eminent soon will change radically the
form of its currency or paper money,
which has remained unaltered almost
since the foundation OF the republic.
This was learned from treasury offl-
Gals directing the plans.
Several reasons dictate the change,
it was stated. First is that of econ
omy. The paper now used, because OF
secret process in the possession of
the Crane Paper Mills of Dalton,
Mass, is only obtainable at high
cost.
The process perfected under the
direction of former Senator w. Muir
ray Crane, late owner OF the mills, is
said to weave silk threads in the paper
in such a manner as to DEFY success
full imitation.
Needless to say, the cost is high and
the new plans are to get five notes
from sheet instead of four, as at
present. This, at least, will be the rule
in the case of bills of small denomina-
tons, which constitute the most num-
erous issues.
Smaller Notes Coming,
Another reason for the change as
explained by high treasury official is
wholly practical. He said:
The bills now in circulation really
are adapted only to persons OF large
hands and long fingers, A shorter and
smaller note will be more easily count
ed by tellers, cashiers and all who
have to handle large sums OF money.
II believe the change will work q
great economy and serve a useful pur-
pose as we'll"
Additional safeguards against coun7
Iterfeiting constitute another reason tor
| the decision to issue new notes. While
it has not been definitely decided, the
suggestion is being considered that
bills of different denominations be is
sued in varying sizes.
| Such a scheme, it is pointed out, Will
make it impossible to raise 81 note
to a $40 or a 5000 one, as has been &C
complished.
The complete revision OF the plates
made necessary by the change also
will afford an opportunity to intro
duce safeguards against counterteitlne
which have been developed recently
officials explained
Other changes contemplated are the
use of distinctive backs for such de
nominations Of all issues and the plac-
ing of the legends required by law or
the face of the notes and not on the
back, as at present
To foreigners who do not read Eng
I1ish the decision to indicate denom-
nations in large colored numerals will
Ibe a welcome change and it also will
| be approved by banks and business
houses, it is believed.
! The treasury reason for the change
as officially given is Ito insure the
highest possible degree OF safety III
the issues and to promote economy
in production.
"The latter consideration is quite
! important, not only from the stand
point of expense, but also from that
of production. The greatly increased
demands for currency have thrown an
unprecedented strain upon the bureau
of engraving and printing.
at has not been possible to produce
currency in sufficient quantities to sup
ply the demand, and the result is that
the condition of the currency in circu-
lation is not satisfactory"