Word: one-dollar
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...Bills of higher denomination could be used, especially two-dollar bills. If a person makes a small purchase with a five-dollar bill, he gets small change and four one-dollar bills. If he got silver change and two two-dollar bills, the paper money expense would be cut nearly in half...
...replaced, it costs the Government a cent and a half. If every one-dollar bill has to be replaced every seven months-and each one costs the Government more than two cents a year-the Government practically pays 2% interest on all the one-dollar bills in circulation. If two-dollar bills were used to replace one-dollar bills, only half as many would be needed and the cost would be 1% a year. Already the Bureau of Printing and Engraving is running to capacity and no more bills can be turned out without enlarging the plant...
...Solution. In several ways, the expense of one-dollar bills could be decreased...
...statement in your letter that this one-dollar bill "has the picture of the Pope of Rome and the rosary and other emblems of the Catholic order and faith" is wholly without foundation. Such statements touch my sense of humor. . . . As a Protestant myself, I deplore the circulation of these rumors, because they tend to arouse religious intolerance. . . . If there is any substantial num-ber of American citizens who believe this amusing but absurd story about the one-dollar greenback, what a field they would offer for Samson and his jawbone of an ass! In the Bible it is recorded...
Priceless, as an example of backwoods credulity feeding on religious bigotry, is the story (said to emanate from the Ku Klux Klan) that the 1917 Series of one-dollar greenbacks carries Catholic propaganda...