2002-10-04
 
This was due to the fact that congressmen from states or regions that produce the paper for the dollar bills would not vote in favour of the coin unless there was no reduction in the printing of the dollar bills.  They knew that as long as the bills were still printed people would reject the coin, no matter how many features were added to make it appealing.  The knew that the people would always choose the familiar over the unfamiliar. 
 
I have always felt that the perfect compromise would have been to print the two dollar bill instead in numbers satisfying to the paper producers.  Some anti-coin comments were that too much change in coins would be too heavy in ones pocket.  EG.  If a person were to get change for a five dollar bill in coins only, the minimum he would receive would be 5 one dollar coins. 
 
But, with the two dollar bill in general circulation change for five dollars would be 2 two dollar bills and only 1 one dollar coin.  A combination of the one dollar coin and the two dollar bill would have been a perfect compromise.  Maybe this was discussed and the paper producers felt that the  two dollar bill was as unfamiliar as the one dollar coin and many dummies think the two dollar bill is bad luck.  This might place the paper producers in a bad light, so the two dollar bill may have been rejected.
 
 
I wonder if the ORDER to print the dollar bill also includes an order to circulate them.  Would the treasury department be in compliance with the law if they printed the bills, but never circulated them and/or destroyed them as soon as they printed them?  This may be a way to get the dollar bill out of circulation.  Print it, but don't circulate it.
 
John
 
 
 
 
 
----- Original Message -----
Sent: Wednesday, 2002-10-02 06:38
Subject: [USMA:22422] Re: Metric clothing labels in the US?

In a message dated 2002-10-02 01:15:44 Eastern Daylight Time, [EMAIL PROTECTED] writes:



The one dollar bill.  A waste of taxpayer... well, dollars.  If the treasury department had been firm in its commitment to kill it by not printing them anymore, we'd all be using the Sakkawea coins by now.


The treasury department was ORDERED by Congress to keep printing dollar bills -- that was specifically included in the dollar coin legislation!  One more case of Congress wimping out to the whiners.

cm

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