Evening Republican, Volume 14, Number 208, Rensselaer, Jasper County, 1 September 1910 — NEW YORKER ASKS NEW COIN [ARTICLE]

NEW YORKER ASKS NEW COIN

Banker Declares Ration Needs Two and One-Half Cent Piece for Small Change. t New York.—The coinage of a two and one-half cent piece by the United States government is urged in a statement given out here by William H. Short, a New York banker, who declares that the use of such a coin would mean a saving of $39,000,000 yearly to consumers. “The absence of such coinage,” he says, “has resulted in the universal custom of the sellers taking the half cent whenever a transaction does not result in even mopey. I suppose it would be a safe estimate to say that each family loses the half cent on an average of ten times a week, resulting in their paying $2.60 a year above the price of articles purchased. “There are about 15,000,000 families in the United States, exclusive of the merchants, and figuring on the basis knentioned, they are losers yearly from this cause the approximate sum of $39,000,000.”