Why This Massachusetts Company Makes Billions
The is Massachusetts company makes a ton of money. Literally.
Imagine being responsible for literally making money?
This Dalton, Massachusetts business has been producing the special paper that money is printed on for a long time.
Listeners of "Slater and Marjo In The Morning" may have heard us talking about how often the $100 dollar bill changed in appearance.
Most recently in 2013, before that 1996, 1990, etc. etc...
But, did you know that the paper U.S. money is printed on comes from right here in Massachusetts? Yup.
The Paper On Which U.S. Money Is Printed From Comes From Massachusetts!
Crane Currency in Dalton, MA
- Crane and Co., a Massachusetts-based company, has been providing the U.S. Bureau of Engraving and Printing with paper for U.S. currency since 1879.
So, Is It Special Paper? Yes.
- Federal Reserve notes are a blend of 25 percent linen and 75 percent cotton. Currency paper has tiny red and blue synthetic fibers of various lengths evenly distributed throughout the paper.
- It would take 4,000 double folds, forwards and backwards, to tear a banknote. -uscurrency.gov
Crane Currency was established in 1801 in Dalton, MA and still operates two paper mills. It was in 1879 that Crane got the order to start producing U.S. currency paper. -cranecurrency.com
It's Hard To Part With Paper Money
We'll pivot for a second and talk about spending less money. The next time you think you're spending too much money, try taking a hundred bucks out of the ATM and spend that before you use your debit card.
The actual act of parting with paper money is much harder to do than swiping your debit/credit, so inadvertently you'll spend less!