European Stars and Stripes (Newspaper) - April 11, 1963, Darmstadt, Hesse Stripes Baily May azide Philadelphia Federal Roger it Bank employ Hack up million of Dollar in Frh Crisp new Bill. Money a att to Amr re an i a if try Totth Auri or Linn Anysh to Var in the Lorold. Yet Many know very Tittle not Otto the object they chime Money. Where Don if Homo from How i it twin Fri a Trot How much Dors it Cost to Mirco Iff to Flea and Ophir i Cam who pay taxes on a 91 million or More of income Ench year. There was a time when a Man who Hurt $1 million in capital was regarded As a millionaire but no More. There arc so Many now that the Only convolution left to them is a statement Mode by John Jacob Astor or he watched the la Del Waves of Money Roll in a Man who tins n Mil lion Dollari in almost is Well off As of Hewer today s millionaire is a Man who gets is million every year. There Alito is another category which might be called million alow Junior Grade the 735 americana who pay income taxes on Between 9500,000 and St million each year. Coming Down out of the stratosphere in to the work Al Day world the striking fact is that american seem to know almost nothing about their Money. Most of them put it into their pocket without examining it with the result that the . Set ret service recovered s5gt.b9c last your from Gullible citizens who had accepted counterfeit Bills. Once you get it counterfeit Bill there la no Way you can get your Money Back. The Only time americans seem to a auspicious about Money is when Anu lady tries to give it to them. A Standard Story with newspaper City editors is to vend reporters out on t a Street offering to Exchange a Dollar 1 111 for so cents. Almost always the reaction is refusal hostility and sometimes a threat to Call the police. Mrs. George Westinghouse gave a Purly in Washington. . Several years ago and tucked s100 Bills into the napkins o each of her 100 guests. Everybody assumed it 3 was stage Money and some of the gentle thu Rutay april 11, 1963 the stars and stripes men were about to Light their clan is with the Bills when mrs. West Uhouse explained that the currency was Hin mine and she merely was distributing a new Kentl of parly favor. A per Money is produced at the Hun Aii of Kri Kravins in and Oroliu at the mints in Philadelphia and Denver at the end of 1902, there was n Tola Foik of Sij he Gllnn but not nil of it win in i or Yulii Lynn. Some of it is held in the to of Ury and n Federal Reserve Hanks As so curly Nitzl psf rold and Silver certificates. I tight now there a n Short Irp of mini nit a rom the run try chiefly because Tho last can Grey neglected to appropriate $.�on, to help operate the mints. Sales offering goods for 98 cents Anil require millions of pennies. The mini once were entirely emptied of Penn left when new Jersey and Texas enacted n snip no at the some time. Both currency and coins Are fed into Tho economic Winum by the Fri or Murve Banks which. In turn Supply their Mem her hunks with Money americans accept their Money on Faith apr Xiuhe none of it has much intrinsic value. A Pound of Bronze Alloy costing 30 cents u used to manufacture 143 pennies a Pound of Nocke lopper Alloy costing 40 cents will yield 90 nicked or $4.50. The material used in printing 1,000 Bills cos about 30 . The first american Money was Wampum who re the indians made from the inside of Lam. Mussel or Oyster shells. It was a. A opted by the Early settlers from in gland win Reed ill a wimp us shall wis the White it six n Penny the Hlawek at three a the Bottom fell out of my Wampum Norket when some Sinert Ynn Kre if turd out n any to make it with machinery and sent three of it to the it St coast in payment for furs. The nation first Experiment with paper Money was Dijai Trusi. And Rorge Wishington almost lost the a War because of it. The phrase not Worth a Continental up it into the when tie in Titi a Tel currency Millmr i d by Coni i is d to in Tirol to where it Worth Only Jiu a two to cent of its fact. Value. Washington n desp nor. Complained that a Wug Nalii id of Money will Kunco by Purchase a any Nolond of the Best Money around in those Dikiy i to the san Nash Silver Dollar and it was of scarce that the americans rut it into Small hits with n Hammer and chisel t u n by enriching the language with such phrases a two bils and four paper currency an we know it today was the result of n financial Cristn Duranti the civil War. The nation was using Metal Money almost exclusively and Presl Dent Abraham Lincoln could t set enough of it to any the troops. Some of his advisers urged him to print paper Money and he sent them to Confer with Secretary of the Treasury Salmon p. Chase who in � formed them angrily hint Nurah a scheme was unconstitutional. Next Day. Lincoln sent the men Hack to Chase carrying this note you take cure of the Money in the Treasury and i will take cure of the paper Money or in i Newirk As they were then colled have hit n with us Ever since. For a suns Nuh otly Van explain certain types of coins Kra Flat o certain cities. New York always Una n mar plus of half dollars. Bal Lemoie it More Nickels than it needs and Washin Klon is a dime town. The punch Waitik Power of the american Dollar has lion n declining Ever since 1933. This is reflected of course in the fact that on that Onci co s900 now costs 52,100. But you Don t Hove to go that far Back to get i curly declines in the value of our Money. In terms of the consumer Price Index the Dollar Doti Rio nil d four rents from Lotts to 1961. Wanes and salary Cit have been in creasing too which takes out some at the stint of the prices nut if and prices spiral ii turd indefinitely you in pc Union Thijn it inflation such axe Itti is hurl Imp to make p Oak Happy Ami Hin Ali d Nulli. Inu Mak h of Dpi so Hap int most a hum Gratis ii i i1 n my they pursue be nth harder 1h in Ali Ufuti nation in Len Sorli. The result u Ihm so comp Totive isl Niss and Lulu to in society on rail and the Ani to com who spurns Money such As in Rory Thoi a or a a a the a. Tir list. Is of until ii la it Luln i Onixt celebrity. An at Limpl once we made to lure a is sly into a Levit inn a ire Tun by a fat fee. Lie replied i cannot afford to haste my time in Ink Jujj Page 11
