THE CABINET: New Currency Progress


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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