The Washington herald., 1922-02-10
GOVERNMENT TO
REDESIGN new
SILVER DOLLAR
Imperfections in ''Peace''
Currency Is Now Be
ing Remedied.
OTHER LOCAL NOTES
D.C.Brokers to Attend Rich
mond Dinner-Washingto
Issues Show Firm Tone.

New dies to replace the ones used
In coinage of the recent peace"
dollar are now being made. and It
Is expected that coinage will be re-
sumed In a few days. according to
oficial advice received at the Treas
ury yesterday. This former die was
severely criticised In many quar-
-ters. and charges that the pieces
would not stack, that the edge was
not of uniform thickness, and that
certain details Of figures were not
brought out sufficiently clear re-
suited in a suspension of output.
The various mints did not coin
any standard silver dollars in Janu-
ary for the FIRST month since coin
age of the silver pieces was re-
sumed in February, 1921. Design Of
the dollar was changed late In De-
cember to the new peace" dollar.
and the Philadelphia Mint turned
out approximately 100000 in the
closing days of 1921.
Silver bullion holdings of the
Treasury are Increasing as silver
metal continues to be offered at the
hxed price of 81 an ounce under the
Pittman act as a result of the sus-
pension of dollar coinage. Due to
heavy coinage of dollars last fall,
these holdings decreased from $5S,-
071,691 on August 2, 1921, to $685.
27s.734 on November II. When
coinage OF the old design Stacked
In the closing weeks of the year
silver holdings increased to S36.-
572,447 on December 81, and on
February 3 they had increased fur
ther to s40,354,35o.
Bankers to Richmond.
Washington will be we'll repre-
sented at the annual dinner of the
Richmond Chapter, American Insti-
tute of Banking, which Is scheduled
to be held in the Jefferson Hotel
tonight. Harry v. Haynes and Rob-
ert v. Fleming will attend as
guests Of the Federal Reserve Bank
Of Richmond; Avon NJ. Nevius will
be the guest of the First National
Bank of that place, and w. ]. Wal
Ter and Edward J. McQuade will at
tend as guests OF the Richmond In
stitute.
From there Mr.. Waller. who Is
president of the local chapter, will
return via Baltimore, attending the
annual institute banquet there. to
be held Saturday night in the Bel
vedere Hotel.
Peyser to He Host.
Oficers, directors and employees of
the Security Savings and CONNER
ciaI Bank will be guests at a din
ner to be given by Capt Julius
Peyser at the Racquet Club Monday
night, II was announced yesterday.
All women employees will be ten
dered a box party at Polls tonight,
where Capt. Peyser will again act
as host.
Local Securities.
Bonds continued to attract prac-
tically all the interest shown on
the Washington exchange yester-
day. Prices. in general, held at the
peak with no signs of abatement
Lanston, the only stock transaction
worthy of note. sold to an aggre-
gate of twenty-five shares at 74S
and TAI.
In the bond list, Railway As were
In brisk demand. $4,000 selling at
s.. Potomac Electric general mort
gage and refunding Is had sales
Involving $1,000 at 10I%. and $1,000
washington Gas IS sold at s9A.
Call money was offered at s per
cent with 5 per cent bid.
Personal.
William r. Baum, vice president
and cashier Of the Mount Vernon
Savings Bank, Is taking a months
vacation. recuperating from sick
ness.