Rensselaer Semi-Weekly Republican, Volume 41, Number 95, Rensselaer, Jasper County, 17 August 1909 — Redesigning of Paper Currency Planned By Treasury Officials. [ARTICLE]

Redesigning of Paper Currency Planned By Treasury Officials.

Several important changes in the designs on the paper money of the country are to take place soon. Secretary MacVeagh, Assistant Secretary Norton and Director Ralph, of the bureau of engraving and 'printing have under consideration a general scheme for systematizing the designs of all issues of paper money in such a manner that the same portraits and emblems will appear on all notes of the same denomination. It also is proposed that each of* the designs shall be so distinctive that no confusion as to the denomination signified shall occur. A change in the size of th 3 government’s paper currency also is under contemplation. It can be stated authoritatively that a portrait of the late Grover Cleveland soon is to appear on all ten dollar bills. This plan has been in contemplation before, and practically was ordered by George B. Cortelyou, formerly secretary of the treasury. Secretary MacVeagh*, upon entering office, held the order up, not on account of political considerations, but in order to permit the question of a general redesigning of the paper money of the country to be taken up. The director of the bureau of engraving and printing haß completed tentative new designs to go upon all the paper money of national issue, such as silver certificates, gold certificates, and treasury notes, and they now are up for approval by Assistant Secretary Norton, who has the matter mainly in charge. He already has definitely decided to recommend Corteiyou’s order relating to the imprint of the portrait of ex-Presldent Cleveland upon all ten dollar bills. Distinctive designs for one dollar, five dollar, twenty dollar, and fifty dollar bills, and perhaps those of even higher denominations, have been prepared. George Bailey, of Wanatah, and J. F. Buck, of Laporte, were among the 500 persons who drew homesteads in the government’s drawing Monday of the Indian reservation at Couer d’Alene, Idaho.