Monday, Aug. 25, 1924

Surprise Party

Last week, the Treasury Department put a surprise in its employes' pay envelopes. It put a silver dollar in each--not as an addition to their pay, but as part of it. What the employes said is not known.

In the West, these cartwheels are still in considerable circulation, but the East has manifested a decided preference for the paper silver certificates. It happens, however, that it costs the Government about 3% a year for the upkeep of paper bills--replacement, washing, etc. The actual silver coin is much cheaper to keep in circulation. Some 30 million silver cartwheels are in the Treasury and may be put in circulation. The Government decided to be economical and pass them out instead of paper money.