Deseret Evening News | 1908-06-02 | Page 10 | Preparing the New Currency

PREPARING THE NEW CURRENCY Actual Printing of Notes Authorized Author by Bill To Begin Within 10 Days WILL BEAR A NEW LEGEND 1 Io It I SI t h by nu I lit or Iho ho St 5 or t S 10 hI he Washington a Junc Treasury 1 or of Odal taro 1110 active preparations to calr carry into 1110 the now new currency luw pa passed M In the cloning hours of at Con Congress gress Anat t Stoy Secy Coolidge conferred today tollay with Director of the bu bureau reau lit of engraving and printing and with W ot of the office of the comptroller of the currency amid the wan wall authorized that act actual ual printing ot of th the would hobo ho be begun gun within the next 10 day Thi fh new notes nole will be wIth the Iho national bunk notes noles now In use tille lI that the legend ut at tho top ot of the face raco or of the note nole secured by 11 bonds of oC the tho United States Stales will bo be ehan changed ed to secured by bonds lit of th the United or other so se curiUm rime rho of oC the currency now has In till the vaults In old not notes belonging to 10 various national hunks and these mill io bo liS as ic until no new notes are 1111 printed hinti seasoned ready for tor use Its It Is that It h will require Ix to chow a nil 1111 of C th the plates It ti b by I national banks but hilI It is 18 expected that some of oC tile the IIO flow ISHII will I ls ready for delivery hy by lul ruly 1 next Hat matters connected the nets nel issue 1111 it nt th the mc mast qt being the Iho of oC tho Iho notes noles but It Ir I Is thought lint thal the smatter will lilt br i l lIed first firM nil as each there is IR a 11 h heavy av demand far su mall all notes espe chilly from tile the west arid and south As soon I ss the Is ready to sup BUp supply pI ply the Iho new notes In rely nn quantity re required re tin no l I sue of oC the tho present no notes Ie will be made Ih the resent present notes being destroyed lIS as fast ns liS they reach the tho trea treasury III for the redemption and the tho now new noles Issued In their place