Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-23

deal, consults a sheaf of papers, and
then reports.
Mccoy is one of three who prepare
these estimates of the Nations finan-
cial status. His figures go to Sec
rotary Mellon and Undersecretary
Mills, where they are placed beside
those of Robert G. Hand. commissioner
of accounts and deposits, and j. F,
Ebersole, in the section of financial
| and economic research.
But McCoy's calculations are Secre-
tary Melons chief guide in striking a
reasonable balance and announcing:
THE Treasury estimates that -"
OF course the question whether the
Treasury estimates are accurate or not
is one that is often debated.
attacked as prophet. But Secre-
tary Mellon just about as frequently
has proven that his chief gazer's errors
are negligible. Whenever the surplus
and deficit figures are given out
figures often quoted in Congress and
on the political stump-particular in
terest is aroused.
But it is generally conceded that
when Mccoy does err 1t Is on the eau
tious side-over for deficit, under for
surplus.
Perhaps his merry mien may be ex-
planned in some measure by his delight
in always finding that the United
States Government is in better financial
condition than he had predicted.
It Is not generally known, perhaps,
but there has been little propaganda
war as to who should have the privilege
of clothing the neck of the President
of the United States.
Stiff collar publicists have claimed
that President Hoover has always worn
hard collars. Soft collar enthusiasts
recently countered with statement
that the President wears soft shirt
and soft turned-down collar
Inquiry at the White House reveals
that Hoover wears shirt with soft
collar attached while playing bull in
the ring" each morning, but at all
other times he sticks to starch.
Not only will the American people be
able to get more paper money into their
pockets after July /, but the Govern
ment will effect tidy saving by reduc-
ton in size Of our currency.
So says A. w. Hall, director Of the
Bureau of Engraving and Printing. He
estimates that the change will save each
year 1910 miles of paper 31a inches
wide. Expressed in area, the paper
saved would cover ten 100-acre farms.
Also 459 tons of ink, or the capacity of
Is box cars, and 14,100 cubic feet of
space for each of the Zoo, 000,000 notes
carried in stock (the annual output Of
currency in the United States.
The new currency will be put into
circulation about July l. 1t is the first
time in sc years that change in the
size of American paper money has been
made, and is therefore an important
event.
Every department of the Bureau of
Engraving and Printing is going ct full
blast. Approximately 5000 employees are
working in shifts grinding out bills Of
all denominations.
The several hundred machines in the
huge plant on Fourteenth street just
below the Washington Monument are
turning out greenbacks with lightning
rapidity.
Every effort is being made, from
Director Hall to the lowiiest ernploye.
to be ready when Secretary Mellon gives
the order to turn the small bills loose.
These smaller notes, says Mr. Hall
are destined for much longer life. He
believes that more notes will be carried
in pockets with no folds, or with a
leSSening number of folds