The Washington times., 1925-07-08
7 REASURY
T[)SHAVE
COSTS
Superstition Is Mythical, Ex-
perts Says, 900. 900
Booked for Circulation

The American people are tax
Ing themselves 100000 a year
because of their superstition
against accepting the 81 bill as a
medium of exchange, .the Treas
ury Department announced today
III preparation for the launching
OF a nationwide campaign to
popularize the maligned So notes.
The department is seeking to
c,mbat the old superstition of
bad luck which has attached to
tile 81 bill and also to combat
tile mistaken idea of many people
that they are liable to lose out
through .mistaking the 81 bill for
81 bill in making payments.
Quite Unlike, Experts Say.
1.-The 81 bill does not resemble the
s.. bill as closely as does the \ordin-
ary SIS bill, Treasury officials de-
clare. You never hear of anyone
n istaking IS bill for a 81 bill and
there is no reason why a similar
Ir,istake should be made over 81
hill"
The Treasury Department hopes
10 greatly increase. the ratio of 81
II lis now in circulation, in COMPARE
son 70 the 81 bills. 1t is hoped that
The ratio Of eight 81 bills to each 100
81 bills now in circulation can be in
to 10 -
1t is stated.
If this can be done, the expenses
If providing paper money can be
3lashed by at lease $1,O00,000 a
year, it is estimated. In Canada. it
is stated, there are So 50 bills in
circulation to every 100 Of the 81
notes.
There are now in circulation in
the United States a total of AIS, 000,-
900 81 bills and SOC, 100000 of this
denomination will be printed during
the present fiscal year for immediate
circulation.
There are but $4,000, 900 Of the 81
bills now in Circulation. There
should be at least $4,000, 900 addi-
tional 81 bills put into immediate
circulation, bringing the total to
100 900 900. Each of the SIS ,0OO, 900
new 81 bills would permit the re-
! firing OF two 81 bills, bringing the
total of the smaller denominat ton
down to 2S5.0OO. 900, it Is stated.
Costs of Maintenance.
It costs the Government ~ cents
to print each bill put into circula-
ton rego rdless of it's denominat ton,
and 1t costs cents a year to main
tain eacn bill in circulation. Thus
n0N hn I1nk ,N( l.
number Of bills in circulation by
SIS 900 900 would effect an immedi.
ate and material saving to the ma
ton.
1t is estimated that the Federal
Government must print 100 900 900
bills a. year more than would be
necessary IL the proper proportion
Of 81 bills could be issued
I'VE are not asking the people
OF the country to burden their
pockets with cumbersome money,
which was the chief objection to the
silver dollar" the Treasury De-
partment stated. 1.-THE acceptance
of the 81 bill will not increase, but
decrease the burden Of money the
average citizen carries around.
There is no valid objection TO the
81 bill and we hope the next time
you are offered one of them you
will accept it, with the knowledge
that by so doing you are decreasing
your own tax burdens"
Banks Of the nation may he asked
to join in the campaign to pop
Elarize the despised So bill. 1t is
indicated. and efforts will be made
to acquaint every resident Of the
United States with the desirabiity
of putting more of these notes in
circulation.
If the campaign is successful
steps will he taken for the imme-
diate printing at the Bureau of
Engraving and Printing OF a great
number OF 81 bills. It is indicated.