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With the reissue of the cumbersome silver dollar, the Treasury Department will return to the public within a short time a coin which has become almost a novelty and one seldom used in daily exchange of currency. During the war over three million silver dollars were withdrawn from circulation, melted down, and sent to England, where they were again recoined into money for India. Now under the coinage law the United States government is planning to buy sixty cent silver for one dollar an ounce and inflict "cartwheels" on the people.
About the only virtue of this silver piece is that it is not a germ carrier, such as the paper bill. It is bulky, ostentatious, and is a nuisance to carry in large numbers. Nevertheless the Treasury Department, in an attempt to restrict the present inflation of the currency system and gradually call in excessive paper money, has deemed it wise to reissue the coin as an aid to further stabilization of our monetary system and a return to a gold standardization of values.
Inconventent as the re-establishment of the "Iron dollar" may be, one source of comfort still remains to us. Think of the satisfying weight and pleasant jingle of the silver dollar as it lies ensconced in the waistcoat pocket!
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