Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-07
engraving OUTPUT
DROPSDUR|NG YEAR
Production Decrease of 2.27
Per Cent Reported by
Director of Bureau.

More than six billion dollars face
value in paper money, more than six
billion dollars face value in bonds notes
and certificates, and more than twenty
i've billion stamps were turned out at
Uncle Sans Bureau of Engraving and
Printing last fiscal year
This prodigious output, large as it
was, according to Alvin w. Hall, direc-
tor Of the bureau, in his annual report.
represented a reduction from the output
Of the previous year.
Deliveries of all classes Of work
including paper money, which was
printed IL notes to a big sheet-amount-
Cd to 336 ,54l 800 sheets during the 1880
fiscal year, as compared with SAG, 406,0 35
sheets for the previous year, decrease
Of 7.s64,066 sheets, or 2.27 per cent:
This decrease Is accounted for, Mr.
Hall explained, by decrease Of 1858, 1856
sheets of currency, customs, revenue
and postage stamps, and miscellaneous
items, and an increase of 794,49O sheets
Of bonds, notes and certificates.
Reserve Stock Printed.
IN addition to the printing Of the
delivered sheets, there was printed, at
thu request Of the Federal Reserve
Board, o reserve stock of 2,125,0o0
sheets Of backs and 2,125,000 sheets Of
backs and faces of Federal Reserve
notes for the various Federal Reserve
banks.
THE printing of the initial supply
Of the new Small-size currency, which
was placed In circulation July 10, 1929"
Mr.. Hall said, was completed on June
80, 1929. The latter part of the fiscal
year 1929 was marked by a tremendous
increase in currency production, neceS-
stating the employment of additional
help and considerable overtime. A
sharp decline in the production program
on currency of the new size, which i'm
Snediately followed the issuance Of the
initial supply, required not only the
immediate disposition of the temporary
personnel engaged in accomplishing the
unprecedented production of the last
half of 1929, but also an adjustment
OF the permanent force to conform to
the new production program. The serv-
ices of the temporary force were dis
continued on July 6, 1929, while the
surplus help employed in a permanent
capacity was absorbed through the
restoration Of the rotating furlough
system"
The average number of persons en-
ployed during the year was 4,741 as
viouS fiscal year, a decrease Of 17g
persons. or 3.64 per cent.
Production Cost Cut.
To turn out the billions of paper
money, securities, and stamps cost the
Government for operation of the bureau
less than ten million dollars. as COM
pared to more than ten million for the
previous year.
The totals are interesting in COM
parison to the stupendous amount of
face value money and securities manu-
featured.
For a cost last year of $9,S06 ,8O31I
ct the bureau the Government pro-
duced 25.323, 631 1929 stamps; $685.
BOT 900 face value of United States
notes and certificates, national bank
currency and Federal Reserve notes;
e6,24e, l6s. $50 face value of bonds, notes
and certificates, and 5,842 ,921 miScel-
laneous checks, drafts, warrants, COM
missions, transportation requests, and
other things.
The big money plant continues TO
attract thousands of tourists and Wis
ttors many Of whom are interested in
o new history Of the bureau. This new
publication was prepared and printed
last year for distribution to libraries,
schools and the general public. It
proved TO be q popular public docu-
ment. A limited number were pur-