Harriet Tubman to Be Added to $20 Bill
April 20 2016 - 2:00PM
Dow Jones News
This time, Alexander Hamilton dodged the bullet.
Treasury Secretary Jacob Lew will announce plans Wednesday to
put Harriet Tubman on the $20 bill, following an extended campaign
to solicit public input on his initial proposal to put a woman on
the front of the $10 bill, according to a Treasury official.
The subplot over what would happen to Alexander Hamilton, who
will remain on the $10 bill, often overshadowed the Treasury
Department's campaign to celebrate the contributions of female
historical figures.
It isn't clear when the new $20 note will be introduced into
circulation. Currency officials began moving ahead with a redesign
of the $10 note in 2013, and that bill won't be introduced until
2020.
A woman hasn't appeared on the nation's paper money in more than
a century. Tubman, an escaped slave, became a famous abolitionist
and ferried other slaves to freedom through the Underground
Railroad. She served as a Union spy during the Civil War.
The original plan announced last June would have put a woman on
the front of the $10 bill to mark the centennial of women's
suffrage. Instead, the back of that bill will now include a
vignette to honor leaders of that movement.
Devotees of Hamilton and women's groups that were lobbying for a
woman to go on the $20 bill appear to have swayed Mr. Lew's
decision.
As it became clear in recent weeks that Mr. Lew was considering
the bill switch—moving a woman to the $20 while keeping Hamilton on
the $10—other women's groups said Mr. Lew was breaking his
commitment to put a woman's portrait on the currency. Redesigning
the back of the $10 note could serve as an interim step, but it
already drew criticism Wednesday from several prominent women in
business and entertainment.
"Could there be a better metaphor for the second-class status
that continues to limit our girls," said a letter posted by members
of the Makers organization, a women's leadership group, on
Wednesday.
The campaign to save Hamilton took on a life of its own after
the Broadway debut of the popular musical last summer. In hip-hop
verse, it tells the biography of Hamilton, an orphaned immigrant
who served as a top aide to George Washington before founding the
nation's financial infrastructure. Hamilton was killed in a duel
with Vice President Aaron Burr in 1804.
By contrast, Andrew Jackson, who is currently on the $20 bill,
was a wealthy slave owner who resettled large numbers of Native
Americans. A prominent critic of paper money, he warned of its
"deep-seated evil" in his farewell address. Jackson will move to
the back of the $20 bill, a Treasury official said.
The $20 note is the third most widely circulated paper bill, and
accounted for almost 23% of all bills in circulation last year,
according to the Federal Reserve. The $1 note accounts for around
30% of all bills, and the $100 note, around 28%. The $10 note
represents fewer than 5% of all bills.
The U.S. was ordered by a federal court in 2008 to redesign
several bills to include tactile features for the blind and
visually impaired. Officials concluded in 2013 that the $10 bill
should go first, which made it the best vehicle for Mr. Lew to
ensure a woman would arrive on the currency in the near future.
A gaggle of federal agencies decide on currency-security
features, but the Treasury Department has broad powers for the
visual displays. Money can't feature living persons. The last paper
currency to print a woman's solo portrait was a $1 silver
certificate issued in 1891, which featured Martha Washington.
Write to Nick Timiraos at nick.timiraos@wsj.com
(END) Dow Jones Newswires
April 20, 2016 13:45 ET (17:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Pacific Current (ASX:PAC)
Historical Stock Chart
From Oct 2024 to Nov 2024
Pacific Current (ASX:PAC)
Historical Stock Chart
From Nov 2023 to Nov 2024