Financial History 100th Edition Double Issue (Spring/Summer 2011) | Page 67

Library of Congress BEP macerating room, 1912. Washington, Abraham Lincoln, shoes, hats, animals and paperweights.11 In the 1880s and 1890s, sales of dry pulp by the BEP gradually increased, reaching 207,131 pounds of pulp in 1900, more than double that sold in 1886. In 1904, the macerator in the Treasury was dedicated to the destruction of only national bank notes and the one in the BEP began to be used for everything else. This move was made largely because the BEP was now bleaching its pulp, removing any last trace of the destroyed notes.12 One result Library of Congress These chemicals were designed to destroy the fibers in the paper and break down the colors in the ink. Once activated, the knives in the macerator would cut and shred the paper into small pieces.6 The machine would be run for several hours, but only overnight because the vibrations from the machine shook the building.7 The output was a liquid, grayish pulp. On average, the macerator produced 17,500 pounds of pulp a day.8 The BEP did not have its own macerator until it moved from the Treasury building in 1880 to its new home at the corner of 14th Street and Independence Avenue. At that point, both the BEP and the Treasury were operating macerators. The BEP handled scrap from production while the Treasury destroyed redeemed currency. It is unknown what was first done with the resulting pulp from both macerators; but, by 1886, the BEP was drying and processing the pulp into bales or “blankets” of pulp, which were then sold.9 Records for that year report that the BEP produced 100,000 pounds of dried pulp, selling 94,395 pounds of it.10 Dried pulp was sold to private companies that used it in various ways. Much of it was used by paper companies for such items as bookbinder’s board and other applications where the color and t