Posted on 07/13/2004 9:54:34 AM PDT by Willie Green
Ulysses S. Grant will make an appearance today at an Atlantic City, N.J., casino when officials from the U.S. Treasury, Federal Reserve and U.S Secret Service introduce cash-handlers to the newly redesigned $50 bill to be issued this fall.
The venue was chosen to highlight security measures on the new bill, which is to be released Sept. 28, to a group of people more likely than many Americans to see $50 notes on a regular basis. Grant probably won't feel too out of place: The Civil War general and U.S. president was a notoriously poor businessman who once invested in a gambling venture that failed and let many a dollar bill slip through his fingers.
~~~~SNIP~~~~
Described as "criminally generous" by one biographer, Grant lent exorbitant sums of money to people who never paid him back and his presidency was blemished by financial improprieties.
He invested in many ventures during his life, almost all pathetic failures. In 1852, while a lieutenant in the Army, he was sent to California, where he observed life during the Gold Rush and invested in a gambling enterprise that failed.
(Excerpt) Read more at post-gazette.com ...
Whatever it is, I think Reagan should be on the $50 bill.
Meanwhile, we spend billions cranking out obsolete penny, nickel, and dime coinage to keep the metal-industry lobbyists happy. Come to think of it, there's money in money.
Also,....the new T.V. show,..."So, You Want to be a Trillianaire"
/sarcasm
I use pennies, nickles, and dimes on a daily basis.
If this was the case, the most printed and most used currency, the $1 bill, would have been eliminated and Americans would have been forced to accept the $1 coin a long time ago.
Those bills used to be printed and put into circulation.
Why do we copy from others? Canada has funny money, otherwise known as monopoly currency, and now we're copying them.
You have a nice 'features' home page!
Well, if the metal lobby was all powerful then it wouldn't matter that people don't want it. The all powerful lobby would make us have it.
This just in: "Tue 1:39pm ET - Reuters The U.S. trade deficit narrowed unexpectedly in May as stronger growth by U.S. trading partners and the weak dollar helped propel exports to record levels, according to government data on Tuesday."
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