Salt Lake Telegram | 1929-07-19 | Page 19 | Secret Service Elated over New Money; Cuts down Note Raising

Se Secret r t. t S' S Service Elated Over Ne New Money I Cuts Down Note Raising WASHINGTON r July Jul 19 AP APIn APIn AP- AP In making more morn d difficult mc lf the tho task o of conver converting convening a n.- n. one dollar on r. r into bill-into a a. a ten or ora a a. two dollar note into a It twenty the neW small email currency has br brought an educational Ir problem to the secret t ser service 4 3 Much of ot the thep the the secret se secret secret se- se cret service In dealing with spurious spur spurious ious curr currency ncY has been l caused a used by bynote bynote note raising operations although ouch there there- have havo been ances ancee ot of counterfeit c bills AV v Yo H. H Moran oran chief of the secret service believes s the new currency will place new new- and aid greater hand Nandi caps caps' In the tray ny at th the the note riot r raisers l ers because of the d denominational de designs designs de- de signs that have been adopted d. d One thing that tha I un am am gl glad d t to see with reference e to this small currency currency cur cur- cur cur- rency he told members of congress con con congress congress' on gress gress' gress gressIs ress Is la the i restriction In the number of ot designs designs' Wo W have han hn had hada a great deal of ot trouble about that thaL- the of t Take ke for Instance raising bills with the employment ment of the thc same portrait on on different denom denorn nations of ot currency portrait Lincoln oln 8 portrait and all alt those portrays that that tha have 0 been commonly y u used d l have ivo been bee loy d on b bills lIs of different dc de de- de nomination and that lends Itself t to t the c. c note Ioto raisers raisers' operations Tie restriction of ot de designs wi ill simplify that and will emb embarrass embarras th the note raisers and counterfeiters aswell as s well ell In In other words worlds It will will- will will-b willbe b be difficult to toj j raise a n. none one one dollar bi bill because you you will will fIt know w WAsh that that Wash t on portrait t Is only ri y on onti tho 9 one one- e. e dollar dollar bill s sAs ail 11 these matters matters mat mat- As you ou can cnn see lee become an educational pi b lem iem Ve Yo can cn go tot the tp a pt people plo an ansay and ands and's s 's say sad Yo You must not n not t take L' Ii a bill with Washington Washington's s portrait oh on on It t for fo r th dollar 1 more mol o than n one I Moran ti oran has hns' favored the adopt ot denominatIonal f designs as on check to n note to ral raising op operations fo foa a a a. number of ot years earll The new v bears the following foI fol- fol lowing photographs One dollar Washington U 2 2 Jefferson 5 Lin Lin- coin 10 Hamilton 20 0 Jackson 50 Grant Grint Franklin McKinley 1000 Cleveland Cle Madison on Chase