THE HONORABLE JOHN W. SNOW PREPARED REMARKS
UNVEILING OF THE NEW $10
Thank you, Tom. It's a great pleasure to
be here today.
American currency - the dollar, the "greenback"
- is a terrific and
enduring symbol of our country. Like no other currency in
the sight of American money means security. Our bills are
our country's vast freedom and the strength - economic and
that comes from that unique freedom.
I am proud to celebrate our currency, in
its newest and most
sophisticated form yet, during a time when our country very
its inherent strength and resiliency.
As we rebuild infrastructure, homes and
businesses after the
natural disasters in the Gulf Coast, we must also help rebuild
with a sense of hope and opportunity. Our overriding goal
everyone has an opportunity to build a better life for themselves
their families. Nothing less is acceptable; anything less
We are fortunate to have a strong, vibrant,
growing economy in this
country, and that is going to be critical as we pursue rebuilding
efforts. Because with a strong economy, we can afford to
The ten dollar bill is special to me because
it is graced by the
countenance of my most famous and revered predecessor: the
Treasury Secretary, Alexander Hamilton.
All Treasury Secretaries owe an awful lot
to Hamilton. More than
anyone else, he put in place the economic structure that
future of the Union created by the American Revolution.
other founding father, Alexander Hamilton was a true visionary
the vast potential that lay ahead for the young and fragile
Americans primarily used coins back in
Hamilton's time. But Hamilton
often spoke of the importance of steering the country to
system of paper currency.
Several of Hamilton's observations are
especially relevant to
unveiling. It was Hamilton who first proposed that United
feature the pictures of Presidents, other famous Americans
national symbols as a way to boost patriotism.
And, in a comment that's very appropriate,
Hamilton said great care
and workmanship should go into the making of our money "as
safeguard against counterfeits."
Thanks to Tom Ferguson and his team at
the Bureau of Engraving and
Printing, the craftsmanship that goes into our currency
anywhere in the world. So is our commitment to safeguarding
To an extent the Founding Fathers never
imagined, people around the
world rely on the strength and stability of United States
Thanks to the changes we've made in currency design, thanks
aggressive law enforcement led by the U.S. Secret Service,
to an informed public, we've been able to stay ahead of
Your government is committed to keeping
it that way. We expect to
update currency every seven to ten years, so that we may
stay ahead of counterfeiters. The enhanced security features
into this new $10 note design - and into the $20 and $50
that preceded it in the new series - will help maintain
confidence in our currency going forward.
·I'm delighted to be here
today and share with you the design for
new $10 note, and I'm awfully proud to have my signature
alongside the likeness of Alexander Hamilton as a symbol
continuous commitment to a safer, smarter and more secure
·It is now my pleasure to
introduce Anna Cabral, our United States
Treasurer, whose signature can also be found on the new