Show PAPER MONEY CHANGES CHANCES SEEM I ItU tU El Y SOON Bills I S Wear Out in Six S SI IX Months Expense Piling Up WASHINGTON Sept 16 CA' CA W The treasury tre through a special committee headed by b Assistant Secretary Dewey today began an art Investigation of ot the federal cur cur- currency currency rency which may lead to tar far reach- reach reachIng reachIng reachIng Ing changes In the tho system ot of pro pro- production design and distribution of paper money mone Findings of previous inquiries I have proved useless Mr Dewey said and he added ad delI that if It anything were I to be gained the study must be worked out with duo regard for I anticipated growth of ot tho the nation and Its it Industrial and financial en en- Groups of the committee will address themselves to design and security lIe paper quality and stock manufacture Including a thorough study of ot the bureau of ot engraving and printing methods legal ques ques- questions question questions tion and distribution Mr Dewey Dewcy said little headway had been made by tho government I In the last six or r eight ht years in ef efforts ef- ef efforts efforts forts to overcome problems with which the currency system Is fraught calling particular atten atten- attention attention tion lion to the failure of ot efforts to In Increase In- In Increase increase crease tho the circulation of ot silver dol dol- lars The cost o of o paper ap currency cir circulation clr- clr i I ro roo cu to the h government O has ha been constantly Increasing It now is III one of ot the tho big items of ot dead expense the average aera e being above one cent for each dollar bill that thatIs Is printed Early last winter plans were ere laid by the treasury to produce dollar bills at a rate that would permit the of oC a reserve suf sufficient to last lat one month By keeping one month ahead of ot the demand experts said the new newmon money mon y would fould be allowed to cure and the treasury had hoped that this process would restore the life of the bill which had rapidly short short- shortened shortened ened ned from an average of eleven cleven to six months 00 |