Evening star., 1926-12-09
BUREAU
SETS NEW RECORD.
Years Production EcIipses
All Previous Efforts,
Mellon Reports.

The Bureau of Engraving and
Printing during the fiscal year 1925
"eclipsed all previous records in the
production and delivery Of perfect
work." Secretary Mellon today re-
ported to Congress.
Deliveries for the year. he said,
reached a total of 4S2. .307. los sheets
as compared with deliveries for
the pervious year Of 464.S69,-
695 sheets, an increase over the
preceding year Of II ,437 ,1O6 sheets, or
375 per cent. This net increase Is
accounted for by an increase Of
21,507,3S6 sheets of currency. and a
decrease of 4,o69,975 sheets of bonds,
notes, certificates, stamps and miscel-
laneous work.
In addition to the amount de-
livered,' said Secretary Mellon, the
bureau printed for it's reserve, cur
rency backs and currency backs and
faces aggregating 30,924,312 sheets,
for which 1921 ,9S6.S4 was expended.
The average number of persons EN-.
ployed in 1926 was 5,173, as compared
with 5,098 in 1925, an increase over
1925 of IS persons, or LAT per cent.
S1O,483,674 Expended.
There was expended during 1926
total Of $10,4S3.6746s. as compared
with s10.041.457.46 in 1925, an increase
over 1925 Of S442,217.22. Deducting
1921 98684 expended for reserve, the
net increase of expenditures for de-
livered work in 1925 was s12o,230.3s
over those Of the preceding year. or
1.19 per cent
THE spoilage Of currency Of all
classes for 1925 was 81 per cent as
compared with the spoilage for the
previous year of So per cent, de-
crease of 81 per cent. One of several
reasons for the reduction may be at.
tributed to a change in the examina'
ton Of sheets of currency backs,
which resulted in a decrease Of SO
per cent of multilations on back print
ings. BY punching a hole on the
outer margins, opposite single mutt
lated notes, on four-subject sheets. the
other three notes which formerly
were destroyed are being salvaged.
THE bureau . has continued its
efforts to improve the wearing quail
tiles of the paper currency, being as
sociated in this work with the Bureau
of Efficiency, the Bureau of Stand
ards, and the contractor for distinc-
tive paper. Important results have
been achieved during the past two
years as shown by the increased life
of notes in circulation. Improve
ment in this respect has been brought
about through modification in the
character of the paper, improvements
in technical procedure in the bureau.
restoration of resting and establishing
in the bureau an adequate working
reserve of incomplete notes, the lat
ter being made possible by action of
Congress in granting the necessary
appropriation for printing 100000
sheets of backs and faces, and 15,000,-
900 sheets of backs.
Money Production Gains.
During the year 144,O00.0O0 sheets
of one-dollar bills were delivered, an
increase of 100000 over 1925,
$4,000. 900 over 1924, and 7S.500, 900
over 1917-1O years ago. Increased
deliveries of one.dollar notes have per-
mitted establishing, in part, with the,
Treasurer of the United States, and
with the Federal reserve banks, re-
serve stocks of completed notes, per
mitting ageing Of the notes before
payment into circulation and so add.
ing to the life"
Reporting that the bureau was still
renting a warehouse at First and L
streets northeast. approximately three
miles from the bureau, at a cost Of
$4,000 a year. the Secretary said this
had relieved storeroom congestion
temporarily. There is still a great
need he said, however, "for a ware
house in close proximity to the bureau
with spur track service, so that un-
necessary hauling and handling of
materials may be avoided"
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