Indianapolis Times, Volume 46, Number 23, Indianapolis, Marion County, 7 June 1934 — Page 7

JUNE 7, 1933.

PRESSES GRIND OUT BILLIONS IN NEWCURRENCY New Monetary Laws Require Replacement of All , Paper Money. By United Press WASHINGTON, June 7.—Government printing presses are rumbling day and night turning out billions in new money. ' The bales of new currency do not mean that inflation is underway but simply that every one of the approximately 1,000,000,000 pieces of paper money in the pockets of the public and the vaults of the banks has to be changed due to the country’s new monetary laws. The printing on the present paper money which the average citizen probably never has read is out of date. In addition anew variety of silver certificates is being gotten up for use in connection with the silverbuying program. What makes the new bills necessary are the farm relief act of 1933, which made all money legal tender, and the congressional resolution of June 5, 1933, which removed the promise to pay in gold clause froji government obligations. Appearance Unchanged These provisions mean a complete reissue of currency, just as it was necessary in 1928 to replace the large size paper currency with smaller bills. The current changes have no bearing on intrinsic value or purchasing power. Nor will the appearance of present money be changed. The problem of replacing the money has placed a tremendous burden on the bureau of engraving and printing, necessitating new hundreds of workers and a twenty-four-hour three-shift day. Already crisp new $2 and $5 United States notes are rolling off the presses. Other money will be put into production as soon as dies and plates can be made. Reserve Note Changes Within five years, it is estimated nearly all of the outstanding paper money will be made over. No new money has yet been placed in circulation. The principal change will be in federal reserve notes. Instead of bearing the phrase “redeemable in gold” they will say, “this note is legal tender for all debts, public and private, and is redeemable in lawful money at the United States treasury or at any federal reserve bank.” All classes of paper money are made “legal tender” regardless of past qualifications. INVENTORS MARVEL AT DEATH RAY MACHINE Device, Suppressed by U. S., Barred from Exhibit. By United Press OMAHA, Neb., June 7.—A death ray machine, although not on display, stirred a wave of curious comment today at the national inventors’ congress. The mysterious machine, capable of flashing an invisible lethal ray through the air and turning blood into water, has been suppressed by the government and will not be on exhibit, A. G. Burns, congress president, announced. The inventor is Dr. Antonio Longoria, Cleveland, 0., physician and electrical engineer. PARK BOYS’ SCHOOL WILL GRADUATE NINE Commencement Exercises to Be Held Tomorrow. Park Country Day School for Boys will graduate nine at its fourteenth annual commencement exercises at 3 tomorrow on the campus on Cold Spring road. Those to be graduated are Joseph Bloch, William Burford* 111, Allen Carroll, Charles Latham Jr., Irving Lemaux Jr., John Spann Lynn, William McMurtie, Lowell Patterson Jr. and Charles Remy. They will receive their diplomas from Irving W. Lemaux, retiring trustees board president. FOR FOOT MISERY USE OIL WINTERGREEN MUSTARD & CAMPHOR The above prescription is guaranteed to end all ordinary foot soreness in 12 hours. Rub it on at bedtime and your feet will feel like new in the morning. For a few cents you can obtain this prescription, already prepared, bv asking your druggist for “SKOOT.”—Advertisement.

GIVE YOUR KIDNEYS AND BLADDER A SPRING CLEANING Dlurex Pills will expel the poisons from your system and make you feel like anew person. A continuous backache takes all the Joy out of living. If accompanied by irregular urination and a tired, nervous feeling, backache may be caused by kidney or bladder trouble. Diurex Pills will help you as they helped Andy Yunker, 215 N. Illinois St., Indianapolis, Indiana. He says: “Diurex will help any one suffering from a backache caused by kidney trouble. I have taken two boxes of Diurex and my backache is almost gone. I ■would pay, gladly, twice as much as you ask for Diurex, if necessary, because it is a wonderful medicine.” ■E-Hi

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THE INDTANAPOLIS TIMES

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