Treasury Secretary Jacob J. Lew on Wednesday announced
the most sweeping and historically symbolic makeover of American currency in a
century, proposing to replace the slaveholding Andrew Jackson on the $20 bill
with Harriet Tubman, the former slave and abolitionist, and to add women and
civil rights leaders to the $5 and $10 notes. Mr. Lew may have reneged on a
commitment he made last year to make a woman the face of the $10 bill, opting
instead to keep Alexander Hamilton, to the delight of a fan base swollen with
enthusiasm over a Broadway rap musical based on the life of the first Treasury
secretary. But the broader remaking of the nation’s paper currency, which
President Obama welcomed on Wednesday, may well have captured a historical
moment for a multicultural, multiethnic and multiracial nation moving
contentiously through the early years of a new century. The updated bills will
also be the first in U.S. history to include a tactile feature to aid the blind
Tubman, an African-American and a Union spy during the
Civil War, would bump Jackson — a white man known as much for his persecution
of Native Americans as for his war heroics and advocacy for the common man, to
the back of the $20, in some reduced image along with the White House. Tubman
would be the first woman so honored on paper currency since Martha Washington’s
portrait briefly graced the $1 silver certificate in the late 19th century. While
Hamilton would remain on the $10, and Abraham Lincoln on the $5, images of
women would be added to the back of both — in keeping with Mr. Lew’s intent “to
bring to life” the national monuments depicted there.
The final redesigns will be unveiled in 2020, the
centennial of the 19th Amendment establishing women’s suffrage, and will not go
into wide circulation until later in the decade, starting with the new $10
note. The unexpectedly ambitious proposals reflect Mr. Lew’s tortuous attempt
to expedite the process and win over critics who have lodged conflicting
demands, pitting mainly women’s advocates against Hamiltonians newly empowered
by the unlikely success of their hero’s story on Broadway.
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