Rensselaer Union, Volume 1, Number 44, Rensselaer, Jasper County, 29 July 1869 — The New Fractional Currency. [ARTICLE]

The New Fractional Currency.

The Treasury Department has commenced the issue of the new fractional currency. The printing is done in New York—the face by the American Bank Note Company, arid the back by the Natonalßank Note Company, on the same paper used for printing the United States and National Bank Notes. This paper is superior in quality to that used for the currency now in use. Instead of the flashy bronzing heretofore used on the face of the fractional currency, which was easily counterfeited, an engraved seal, printed in red, has been substituted. This is the finishing touch to the notes, and is done.at the printing division of the Treasury Department under the management Of its efficient chief, George B. McCartee. The ton cent note, instead of being ornamented on the face, as now, by the head of Washington, has the bust of a woman supposed to be the Goddess of Liberty. The fifteen cent notes will have on their face the figure on the dome of the Capitol. Fessenden’s head will be taken off the twenty-flve-cent notes, and that of Washington substituted. General Spin net’s handsome bust will be taken off the fifty cent notes, and be replaced by that of the late President Lincoln. All the issues will be out and ready for circulation about the Ist of August.— Eechange.