National Affairs: New Money

From the Bureau of Engraving & Printing to the great Federal Reserve Banks throughout the land, from the Federal Reserve Banks down to the tiniest of local banks have lately been moving hundreds of thousands of what looked like shoeboxes, neatly wrapped. But no shoes were ever so well guarded with firearms, were ever so eagerly received by bank tellers. All the boxes contained money—crisp new paper currency which the U. S. had, over a two-year period, manufactured to substitute for the bills now in circulation. For the first time in 66 years...

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