Evening Republican, Volume 22, Number 318, Rensselaer, Jasper County, 6 January 1920 — Want Seven-Cent Coin to Meet Present Conditions. [ARTICLE]

Want Seven-Cent Coin to Meet Present Conditions.

The United States treasury department is besieged with requests coming front all sections that a coin be minted of 7 cent denomination. Many banks and trust compahies are among the petitioners, as well as railroads, moving-picture theaters and street car companies. The claim is made that a 7-cent coin would prove a great relief to the ultimate consumer, who is constantly annoyed by the mass of pennies collected In a day’s shopping as a result of the changed prices. The old nickel cigar now sells for 7 cents; the “nickel picture show” has passed out of existence and to its place is the 17 or 22-cent show; many street car companies have been forced to raise fares to 7 cents; milk and bread have doubled in price and usually call odd pennies and there are a host of other articles priced right to use a 7-cent coin. It is understood that the treasury department rather leans toward the idea.