Show I 1 uh L f voin proposed new mew half cent piece Would be of no aid chicago bankers and business men deprecate proposed plan of new yorker to aid americans see no advantage chicago the american people do not have halt half cent tastes they be educated to use anything smaller than a cent the tha dollar has spoiled the sense of proportion ot of the people of this country are a cent cant baits and aid people cannot lose something they never u h ld d these are bonte of the answers of 0 chicago bankers and business men a statement riven given out cut in new york by william II 11 short a banker 0 of that city in which he urged the coinage of a two and it a halt half cent piece by the united states government the use 0 of such a coin asserted he be would moan mean a saving of yearly by tha lie consumers the absence of such a colt coin continued the new york banker has resulted in the universal custom of sellers taking the halt half cent whenever a transaction does not result in even money iia ife said ho he thought the public lost yearly from this cause the approximate sum of I 1 heres here what chicago hI cago things of 0 this financial fin ariel I 1 question george E roberts director at 0 the government mint before he became president of the recently merged commercial national bank thought the american people too extravagant to appreciate a two and a half cent piece if they secured it we have a one cent piece and judging from the freedom with which tibe the american people spend money moner I 1 dont think they could he be educated to use a coin th atwould a smaller unit 0 exchange said bald mr mi roberta 1 in this country all our units are higher than they aro are tn in europe our wages are better our standard of at living Is different I 1 cant see that we need a two and a halt half cent piece b because we have coins enough and I 1 dont think the proposed coin would be an advantage in trading len small recently appointed united states at a t chicago declared over the long distance telephone from hla his home in kankakee that he had never given thought to what would happen if we had a two and a half cent coin but off hand said ha be 1 I 1 would say that our present money takes care of tho the situation pretty well I 1 dont think such a coin would effect much ot ol a saving henry il II hart chicago merchant said he be would have to give tile tho mat ter consideration before expressing an opinion but believed tho the smaller re taller would profit more under the present coinage system than does the larger store 1 I can see sec no advantage of such a coin lie he added the mere coinage of a two and a halt half ten cent t piece or a twelve and a halt hall pent cent piece will not remedy tho the trouble averred U B al chantell Ch attell of 0 the illinois trust and savings bank it la is deeper seated than that in america we have become accas tomed to two for a quarter three for a quarter and three for a half and our have hava gov govern rn ed themselves accordingly no cigar maker in the united states would think of selling sigars for tour four five six seven or eight cents and yet that la is what la Is done in european countries on a corresponding scale of chett money the trouble Is the people of this country starting in a primitive way became accustomed to the larger value of coins if instead of having a dollar we had something akin to the german mark or the french franc w we e would accustom our people to it a more economical maart maar r ot of living |