Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-07-10
NEW BILLS NESTLE
|NCAP|TAL POCKETS
Little Money" Appears, With
"Cu7ioSity Demand" Be-
low Expectations.

New, small size currency made its APP
pearance in Washington today in COM
mon with the rest of the country, but
the curiosity demand" here was far
short of expectations, although bank
messengers crowded the cashroom of
the Treasury at $50 o'clock in order
that depositors throughout the city
might have a glance at the new money.
About 100000 of the currency was
available here.
The cashier of one downtown bank
arrived at his Office Is minutes earlier
than usual today in anticipation of an
imagined line of depositors and was sur
prised to find that the new currency APP
parently was being taken for granted
AS a matter of fact. his banks de-
positors were taking 1t any way they
could get it.
Hubert in Charge of Distribution.
At the Treasury Department the dis
tribution was in charge Of H. II. Hull
bert, cashier of the Treasury, and James
N. Kline, assistant cashier. Bank mes
sengers were supplied with amounts
previously requested by their banks and
the cash room was open to the public,
with individuals limited to $40 in 81
bills and larger bills within reason"
While 1t will be three or four months
before the new currency Supplants the
old. the consensus of bankers today
was that they would be able to meet
the demands of depositors.
Little confusion was reported and It
was the opinion of bank officers that
the public would accept the change in
currency-the first undertaken by the
Government since 1861-with apparent
unconcern.
The amount Of new money that went
into circulation today depended largely
on the number of WORKOUT bills re-
ceived by the banks. Treasury officials
estimated that S50,000,000 or more of
that Immediately available will disap-
pear TO be held as souvenirs. They do
not anticipate shortage of currency,
however. because only bills of small de-
nominations, from ST. to $40, were in
cluded in the first issue.
The new bills are one-third smaller
than the old, measuring sis inches
long and 11-16 inches wide. 1t prob
ably will be difficult for the man in the
street to realize that he isn't getting
any more for the new bill, because the
imagination will insist that quite a
quantity OF goods can be had for so
small piece of money.
The shades of Alexander Hamilton
may be smiling in qualification, for the
great exponent OF a firmly centralized
Government is the symbol for the new
ten-dollar bill and on its back is en-
bellished the United States Treasury
while Jefferson, Hamilton's fellow
cabinet member and arch-antagonist in
the theories of government, adorns the
new two-dollar bill and is backed up
by an establishment of his home at
Monticello. On the other hand, chances
are that more people will get their
hands on Jefferson than on Hamilton
$40 being $40, regardless of the size Of
the bill
The first issue of the new currency
included United States notes, silver
certificates, gold certificates and Fed
eral Reserve notes. National bank
notes will not be put in circulation until
next week
The bills available today were:
Denomination. Face portrait.
81 Washington
So Jefferson
SIS Lincoln
$40 Hamilton
500 Jackson