FISCAL: New Nickel

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By law the design of any U. S. coin may be changed after 25 years. Because the buffalo-Indian head nickel will be 25 years old on February 21, Secretary of the Treasury Morgenthau last week announced that the Mint would coin no more after that date. A jury composed of Director of the Mint Nellie Tayloe Ross and three sculptors—Sidney Waugh, Albert Stewart and Heinz Warneke—will pick a new design from those submitted by artists. But the New Deal has already picked the subject of the winning design. It must bear a portrait of Thomas Jefferson on the obverse, of his home. Monticello, on the reverse. Struck by the coincidence that Democrat Jefferson will be commemorated in an

Election Year, Republicans held their peace upon reflection: only overdue design change is in the penny, from which Republican Abraham Lincoln could have been removed in 1934.