Word: coins
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When the mint needs money-that's news. Not news that U.S. Mint Director Eva B. Adams wants to shout from the housetops; she fears that too much publicity about a coin shortage may make matters worse by encouraging hoarding. But in fact, pennies, nickels, dimes, quarters and half dollars are all in short supply, though the mints in Denver and Philadelphia are working around the clock to plink them out, and the American Bankers Association has requested its 13,125 member banks to poke around in their vaults for any stockpiled coins that could be put into circulation...
Chief reasons for the coin shortage are the growing population, the increased gross national product, the proliferation of vending machines and parking meters, and the penny-gobbling of local sales taxes. A factor that is harder to measure is the mushroom growth of one of America's fastest-growing hobbies-numismatics...
Scandalous Speculators. There are some 8,000,000 coin collectors in the U.S. today, and their numbers are growing so fast that the prices of coins-rare and not so rare-are skyrocketing. Items...
Sabotage began almost immediately. Coin box slots were stuffed with chewing gum or wax. Cables were cut or damaged with rifles, shotguns, dynamite and axes; a row of 22 telephone poles was neatly cut down with a power saw. Fortnight ago in St. Petersburg, a dynamite charge under a bridge ripped apart an 1800-wire cable, and last week 9,000 families in Lakeland lost phone service when seven cables were cut. Though supervisory people man telephone equipment and make repairs, sabotage often cuts off service to one area before it can be restored in another. Among the cut lines...
...High Society's drunk scene. "You must be one of the newer fellas," riposted Bing Crosby, 59. That was in 1956. Since then the newer fella has formed his own record company and that kind of croonin' now sounds with the ring of new-minted coin. So in his first long-term record contract since Decca days seven years ago, Bing will do a five-year hitch on Frankie's Reprise label. Beamed Sinatra after a recording session: "With Crosby, we've got it made...