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TREASURY DEPARTMENT FOR IMMEDIATE RELEASE, 
Monday, April 25, 1932, 


STATEMENT BY ACTING SECRETARY BALLANTINE 


Acting Secretary Ballantine to-day announced that the 


Treasury has accepted the design submitted by Mr. John Flanagan 


of New York City for the new quarter-dollar authorized by the 
Act of March 4, 1931, The new coin, which will be issued in 
commemoration of the Bicentennial Anniversary of the birth of 
George Washington, bears the portrait of Washington. 

The models have been forwarded to the Mint at Philadelphia, 
and it is expected that the coins will be ready for distribution to 


banks, through the twelve Federal Reserve Banks, in about four weeks.