Monday, May. 18, 1942

Idea of the Week

Western silver Senators, always in there thinking of ways & means to force the U.S. to use more silver at the over-inflated legal price of 71.11-c- per oz. (see p. 73), came up with a new gag last week: a silver "one-bit" piece, worth 12 1/2-c-. The reason they gave was the alleged "danger" that dime-priced articles might soar to 15-c- for lack of an intermediate coin. Despite the "danger," the Treasury, mindful that eight billion pennies are in circulation, kept cool.

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