The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-07-21
NO SAVING.
SEEN BY
THEM
PubIic's Aversion to Note Too,
Deep-Seated, Says
Editor

.
program by the Bureau of En-
craving and Printing, as a meas
ure of economy, will result only
in greater demand for 81 bills,
and probably will defeat the
original purpose of the econo-
mists. This is the belief of the
International Plate Printers and
Die Stampers Union of North
America, assembled for it's
thirty-third annual convention in
the Shoreham Hotel today.
Means More Work.
Frank J.. Coleman, secretary OF
the local union, and editor of
its official publication The Plate
Printer, in interpreting the subject
uppermost in the minds of the
unions members, said:
At first glance, the announce
ment that more 50 bills are to be
put in circulation, as a measure
OF economy, would indicate that
the plate printers would have less
work to do. Actually. the reverse
is the truth. We. win have more
work"
He explained that Americans
have a well-khown aversion to the
81 bill. As-soon as they get one,
their first impulse is to get it
changed. Naturally, they don't
want all silver. The change either
is two 81 bills. or one 81 bill
and a handful of chicken feed"
Long before .thes usual 81 note
gets back to the Treasury, wrinkled
and worn from circulation. the -
is back, because nobody wants to
handle It,"
According to MIR. Coleman. it isn't
only an actfver superstition that
motivates the average man in get
ting rid of his 81 bills.
NO: it's something far more rea.
sonabIe than that" he said. 1T
has become well-known custom,
for us to carry our 81 bills in our'
trousers pockets. and bills OF
higher denominations in wallets.
EVEN in the West, where for so
long silver dollars were the prin-
cipal form of currency, the people
are beginning to use paper money.
The silver dollar has passed out,
and greenbacks are being used in
sections of the country where peO-
pie couldn't be paid to touch them
befn~e''
That was because the cart.
wheel" was familiar TO the people
of the West. They knew it by tn"
feel of it. according to Mr.. Coleman.
whose union made an extensive IN
vcetigation of the circulation Of
money.
Failed IN Campaign.
Not so long ago, he recalls, the
Treasury attempted to make the
silver dollar aga n popular The
people didn't want that form of
money. They cashed their cart
wheels" for paper currency at tin"
backs and the banks shipped the
silver back to the Treasury, the
Government, by the way, paying
tIYp freight. Thus ended another
economic measure.
me % bill program will be a
repetition of the silver dollar pian
aaid Mr.. Coleman. THE plate
printers. of course. should be the
last people in. the world to protest,
but we are interested as Americans
jn our country's welfare, as well as
our own.
You can't give people what they
don't want. They won't use -
bills. because they don't want them.
A man doesn't want to take the
trouble TO stuff his wallet with
bills of the 50 denomina ton. nor
does he, on the other hand. wish to
mix up 81 and 81 bills in his pocket
the mistake might be costly" :. =.
II is likely that some definite ac-
ton regarding the 81 hill plan Will
he taken by the union before Satur-
day when its convention adjourns.
No resolutions have yet been
brought In, but il is understood that
the committee copcerned with such
recommendations following It's APP
DO ntment today, will work on Il
statement Of the unions sentiment
concerning this matter
The morning session today was
consumed by officers reports on
matters affecting the internal wei
fare of the organization. Appoint
ment of committees will be accom-
plished before the close of the after.
noon session.
A speed boat trip along the Po-
tomac, touching various points of
interest. is planned for the late
afternoon. Tomorrow the cOnVen.
ton will get DOWN to it's principal
business, and in the afternoon will
pay tribute 20 the memory Of the
Unknown Soldier at Arlington Ma
ehHn2I Cemetery.