The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1929-04-18

The committee found that "the
money printed for the Philippine
Islands was satisfactory for its in
tended USE" 1t decided that "the face
of each denomination for all classes
should have a portrait peculiar to it.
and that the back of each denomina-
ton should have a single design for
the five classes of paper money"
And a slight change in quality and in |
the distribution of small particles of |
silk in the paper on which the money |
is printed was recommended to make I
counterfeiting more difficult.
When the new bills make their ap-
pearance in July they will be 6 and
SIG inches by and 11-16 inches as :
compared with and Lie by and
Is inches at present, or two-thirds !
of the surface area of the old. They |
will be printed on paper with great !
Ell endurance for folding and in which
the small segments of silk fiber will
be more widely distributed, and they
: will be of a greater uniformity of
design.
Some of the portraits now used will
be reallocated or discontinued in or
der to avoid repetition and to follow
the plan of restricting the use of a
particular portrait to given denomi-
: nation of currency, so that the pres
enee of Washington's portrait will at
once identify the note as being of
given denomination. The portraits of
the faces and the designs for the
backs for the respective denomina-
tions have been selected with the
: policy in view to have design on the
2 back which has some familiar con-
nection with the subject of the por-
e trait of the face. Counterfeiting will
r be much more difficult, and the pub
/. lie itself. according to Mr.. Mellon,
S will be more readily able to deter
: mine the genuineness of their money.
5 The portraits and designs on the
f new bills will be as follows:
: $1-Face, engravings of por-
!. trait of Washington; back, ornate
t with the word zone" engraved in
: large letters.
e $2-Face, engravings of por-
), trait of Jefferson; back, engrav-
e ing of Monticello.
e $5-Face, engraving of por-
: trait of Lincoln; back, engraving
: of Lincoln Memorial.
S10-Face, engraving of por-
. trait of Hamilton; back, engrav-
ing of U. S. Treasury Building.
S20-Face, engraving Of por-
trait of Jackson; back, engraving
of White House.
S50-Face, engraving of por-
trait of Grant; back, engraving
of U. S. Capitol
S1OO-Face, engraving of por-
trait of Franklin; back, Indepen-
dence Hall.
S5OO-Face, engraving of por-
trait of Mckinley; back, ornate.
S1,000-Face, engraving of por-
trait of Cleveland; back, ornate.
S5,000-Face, engraving of por-
trait of Madison; back, ornate.
S1O,000-Face, engraving of
portrait of Chase; back, ornate.
= =
There will be no more gold note
yellowbacks, all faces will be printed
in black and all backs in green.
At the present time 81, So, IS, $40,
500 and $50 backs are being printed
and 81, SIS, $40 and 500 faces.
The new bills will have many ad-
yantages, according to Treasury De
partment officials. The teller will
find them easier to count as they will
fit easily into the palm of the hand;
they will fit into a smaller billfold
without folding and will thus keep
their newness longer; they will fit in
to the standard sized mailing envelope
without folding, and they will require
less space for stacking in bank vaults
and cash drawers and registers.
But by far the most important
reason for change in design and
size is economy. The Treasury De-
partment will save nearly 100000
a year. With the present currency
the backs are printed eight to sheet
on power presses and the faces of all
except national bank notes, are print
ed eight to a sheet. The faces of ma
tional bank notes are printed four to
sheet on hand presses. With the
new currency all the backs and also
all the faces are printed - to the
sheet on power presses.
The following statement recently
prepared shows how the reduction in
the size of currency will effect GER
tain elements, based on 1,0OOO0o,OOO
notes, the approximate annual output
of the Bureau of Engraving and
Printing;
IF all the large size notes produced
IN one year were laid end to end, they