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Vanished Fractional Currency

Vanished Fractional Currency image
Parent Issue
Day
5
Month
November
Year
1875
Copyright
Public Domain
OCR Text

An interesting f act iu oonnection with the loss and destruction of fractional currency is ascertained from the Treasury Department. It is very well known that the government is yearly the : gainer to a large amount by Iho pearancc of small notes and eurrency. But the figures regarding the three and j ñve-cent issues of fraclional currency, when it is rememberod how many of . them are required to make ei dollar, are particularly interesting. The issue of these notes ceased in April, 1869, at which time there had been issued .f602,000 of the denomination of three cente, and $5, 700,000 of the fivecent serios. Although over six years have elapsed, there are still outstanding $92,000 in three-cent noU'K, and over $1,870,000 of the

Article

Subjects
Old News
Michigan Argus