THE CABINET: New Currency Progress

THE CABINET

Little pieces of paper, when stuffed into people's pockets or pock etbooks, wear out less quickly than big pieces. Also, little ones can be made into one-dollar bills more cheaply than big ones.

Because of these two simple facts, the Treasury Department long ago decided to reduce the size of the one-dollar bill from 7.7 in. by 3½ in. to 6% in. by 2⅝in., thereby saving the U. S. Government some $2,000,000 annually (TIME, June 6).

Last week the Bureau of Printing and Engraving gave out the fol lowing information concerning this change:

The new...

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