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OCR Page 1 of 106TRUMAN NARA
EXECUTIVE OFFICE OF THE PRESIDENT
BALL
BUREAU OF THE budget
WASHINGTON, 25, D.C.
APPROVED 7 1946
AUG 3 1946
My dear Mr. Latta:
The Congress has enacted H. R. 2377, a bill "To authorize the coinage
of 50-cent pieces in commemoration of the one-hundredth anniversary of the
admission of Iowa into the Union as a State".
It is the purpose of the bill to authorize the Director of the Mint
to coin not to exceed one hundred thousand silver 50-cent pieces of standard
size, weight, and composition, and of a special appropriate design.
The coins are to bear the date of the year in which they are minted,
are to be legal tender in the amount of their face value, and are to be
issued upon the request of a duly authorized representative of the State
of Iowa and upon the payment by the State of the par value of the coins.
A facsimile of the enrolled enactment has been referred to the Treasury
Department and there are attached herewith, its reply recommending disap-
proval of the bill and accompanying draft of veto message.
The Treasury Department points out that it has consistently opposed
legislation authorizing the coinage of such commemorative coins; that during
the period from 1934 to 1936, twenty-six such proposals were enacted by the
Congress, with the result that legislation was enacted in 1939 prohibiting
the coinage or the issuance of coins authorized prior to March 1, 1939, and
that no new commemorative coins have been issued since 1937. The Treasury
Department further points out that a multiplicity of designs on United States
coins tends to create confusion, to increase the possibilities of counter-
feiting, to encourage traffic in commemorative coins for private profit, and,
in general, to detract from the fundamental purpose for which money is issued,
namely, to provide a medium of exchange.
Ordinarily, I would have no hesitancy in concurring with the recommenda-
tion of the Treasury Department that the bill be vetoed for the reasons above
set forth. The situation in this respect is complicated, however, by the
fact that there is now before the President another enrolled enactment, H. R.
6528 "To authorize the coinage of 50-cent pieces to commemorate the life and
perpetuate the ideals and teachings of Booker T. Washington". A facsimile of
that bill has been referred to the Treasury Department, and its reply, recom-
mending disapproval and transmitting a draft of veto message, have been re-
ceived in this office, and are attached to my separate report to you on that
bill. The Treasury Department, in its report on the Booker Washington coinage
bill, H. R. 6528, recommends that the State of Iowa coinage bill, H. R. 2377,
be vetoed one day earlier than the Booker Washington bill; and the Department
has prepared its draft of veto of the Booker Washington bill upon that assumption.
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