| Show DOINGS J G ll m lii l C IT J Big Harvest From Unredeemed Money Loney ANICi TIDY I sure The WASHINGTON The The United States fV government in fifty years ears has ac ac- accumulated accumulated accumulated cumulated from unredeemed unredeemed deemed A money standing long-standing question question ques ques- tion namely How How- much does a government government government gov gov- make malte through the failure of Its ts citizens to present its paper for redemption is answered fairly accurately accurately accurately ac ac- ac- ac for our country in these fig fig- ures Exp Expert rt mathematicians in the United States have haye figured on the pr problem blem and the results they have obtained by different methods are so nearly Identical as to le lead d the layman to feel confident that they have hit somewhere near the mark mart Obviously the difficulties s Ing ng the statistician wishing to tabulate tabu- tabu late ate the gains of the government from this his source are almost insurmountable ble if accurate figures are what he is looking coking for The destruction o of paper pa- pa per er money of all sorts goes on on rapid rapid- ly y throughout the country yet this loss oss is never reported to the treasury So the mathematicians have had to take the complete figures of the government government government gov gov- redemption division and by comparing the average life of notes the average percentage of actual redemption redemption redemption re re- re- re and other items of that sort have haye been able to work wort out a af f fairly accurate percentage of paper money that is either destroyed or is In such hands that it will never reach the treasury for redemption in gold Well known authorities who have worked Independently on the subject found when they compared notes that they had bad reached sub substantially the same result that result that of all paper money issued the government escaped pa payment ment on from rein one tenth one tenth of 1 per percent percent percent cent to about one one half half of 1 per c cent nt This of course means that the government government gov gov- government makes mattes on the paper money it issues a commission varying between between between be be- tween the percentages set forth The most definite result shows a gain of of oC approximately one-eighth one of 1 percent percent per cent a total gain to th the government amounting to since the beginning of our paper money money about about half a century ago All sorts of causes contribute to increase the amount o of of- paper money that will never be presented for redemption re rOo Fire is perhaps perhaps' the most important cause though Improved safes and the more general use of ot safes for holding the cash supply are annually reducing the loss from this cause Then there Is a sort of inertia that money seems to have which keeps it out in the country once ItIs it itIs itis Is started in circulation even though it be of an issue to mature at a given time Shipwrecks too are responsible for some of the lo loss s. s Lastly there are the collectors and it Is probable that every fairly good collection of oC United States paper money accounts for at least one piece of every denomination that has failed to come back to the treasury |
