The Washington times., 1925-11-09
VARY
| on CHANCE IN
MONEY SIZE
arguments IN is Favor Are
Based on Saving 70
! Government
By RICHARD HATTON

BY Richard HATTON
The tentative proposal or sugges.
don that the size Of United States
sDapsf cufrency be changed and
khst an bills Be reduced IN size in
Che Interest Of governmental econ
pniy has brought forth opinions
beth In favor Of the change and
against the proprsal from banking
ana business sources. While there
= no denying she saving which
could be made In paper stock upon
which the bills are printed tradition
and custom are powerful influences
md there are many who look with
horror upon '.tirkering with the
baper money OF the United States.
Arguments In favor OF the change
ere based almost entirely upon the
having which would accrue to the
Government q printing the bills
nser would find the smaller size
more convenient Banks and other
Institutions. such - Government
Agencies shipping large amounts OF
cash. also would find considerable
SAVING IN the reduced size Of the
eackages.
Aeainst the economy argument
q placed the strong plea Of custom
and familiarity Any fundamental
change, OF course, meets this opro-
nftf0n on the other hand Il j.
stated that considerable expense
would be entalled by merchants and
financial institutions In Installing
new feceptacles or IN re-arTangtne
OF the new sized bills should they be
adopted.
No authoritative statement on the
subject has yet been made BY any
of the major bank organ atoms and
individual opinion has not vet crya-
tallized Tor or against the practi-
cability and desirahillty OF cnang-
ing the size OF the bin, although
nowhere IS there found any denial
o. the fact that e. reduction in size
OF all bills engraved and printed
By the Government would red1lce
The cost Of pr6ductlon.
-
lfopean econoAHasss We s ..lgs
as ESQ en.ssssd eas 20 10y ne 49, :
session Of approximately SO per cent
Of al the worlds gold this country
would pass through period O. ex-
oessive price imitation evidently
missed their guess Tor their pre1lc-
ton has not been 1ulkllIea 20 cate.
and. according 20 present pr0euOstl,
cations by our economists, e = not
n the cards that the preQlcuon ever
WIN be tqlntea
lhe price Imitation ia the United
states the experts on the other SIDE
= k ~ sg,s,ss Anaer rts,s
Financial and commercial life. the
American banker. It Is freely adj
nniffed that the opinions OF the
European economists were based
upon. fairly solid premises and that,
according to rule. conditions should
have worked out as outlined, put
due 20 the wise policies carried out
BY the American bankers as
whole, both locally ana nauonaliys
the excessive price Imitation period
has. been avoided and once more
the ennservatively constructive
American banker has proven him.
self one OF the potent elements IN
the business ne OF the country.
-, v,------.. .....,s.... -
I1s.s - -. -
. = u S,,. 49, .'.s 50 "a. az
1919 sas h Isu PEI. -. bas srv,te ~
the emoersnlp conmI.lee Q, sne
board @ aoe, when Lncluuss
seFsral prOnl ll.sa.l, lOc 90, t ~ s
- 1s.t,..s..4et Ill, S.t.s. -. 49,
sHe Monsr.te,.s - "a
s...e' $3.50. $50
Ten members of the board Of d.
SECTOR. ~ fha washington PICARD
.ss gss s:,, s !, !, s elected E