Our country and its resources; . 13,376,000 159,990,000 SI ,819,541 1,363,612 ,160 107,957,996 ,632 2,030,375 2,983,700 2,749,000 18, 10,000 ,0161,000,000 UNCLE SAMS MONEt 291 the product of sheets of a package is taken as the unitfrom which to reckon the cost. Allowing for every item of ex-pense attending making, issuing andthe redeeming of paper currency,the average cost is as follows: Total average expense of 4,000 notes issued $ Total average expense of 4,000 notes redeemed Aggregate average expense of issue and r
Our country and its resources; . 13,376,000 159,990,000 SI ,819,541 1,363,612 ,160 107,957,996 ,632 2,030,375 2,983,700 2,749,000 18, 10,000 ,0161,000,000 UNCLE SAMS MONEt 291 the product of sheets of a package is taken as the unitfrom which to reckon the cost. Allowing for every item of ex-pense attending making, issuing andthe redeeming of paper currency,the average cost is as follows: Total average expense of 4,000 notes issued $ Total average expense of 4,000 notes redeemed Aggregate average expense of issue and redemption $ greenback into circulation. Andit is staggering to find the total costfor redemption of 299,455,985 pieces,and issuing of 2S0,174,317 pieces(1915) to total $4,316, in thisyear. But a curious little fact commendsitself to the thoughtful. Though itcosts this sum to issue and redeempaper currency, that sum is morethan saved by the prevention ofabrasion of gold and silver we had not the notes, we would. THE BILL WASHING MACHINE ALWAYS ATTRACTS ATTENTION AND ISFREQUENTLY LOANED TO EXPOSITIONS It is interesting in this connectionto know that the life of a UnitedStates one dollar note averages , while the five dollar note av-erages years. The average lifeof all denominations of UnitedStates notes is years. It actually costs the Government,then, about tents to put a use the coin. The Government savesthe loss by abrasion by letting paperbe abraded and keeping the coinin its vaults. Think it over! With all his multitudinous activi-ties, and the huge sums of incomeand outgo with which he Sam has so modern and accu-rate a system of bookkeeping that 298 OIK COUNTRY AND ITS RESOURCES he knows every day just where hestands. And curious though it mayseem, his whole balance sheet mayhe written on a page smaller thanthat required for the same informa-tion of many a big private industry. Below is a condensed balance sheet,showing
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Keywords: ., bookcentury1900, bookdecade1910, bookpublishernewyo, bookyear1917
