Great story on the design of the new $100 - they interview some of the people in back of the technology.
From Esquire:
A Hundred Bucks Says You Won't Read This Story
Our new hundred-dollar bill, like every other single piece of American folding money, is born in this rotary boiler. It's a perfect sphere, an angry kettle fifteen feet across, spinning high off the ground between two stained concrete towers. Most people swear out loud when they see it for the first time. A network of gears, each tooth the size of a fist, churns away in the darkness behind it. The towers and the gears allow the boiler to spin like a planet, like Saturn, rust-colored with wide rings of black grease. It is hot in its shadow, the steam coming off it like breath, and every surface within twenty yards is either dripping or damp. The boiler feels almost monstrous, a relic of a spitting industrial age, corrosive and mean, and it feels that way especially when it finally stops spinning and its oval maw clangs open, vomiting tons of boiling cotton that hits the floor with a heavy slap. There it is, the earliest, no-bullshit incarnation of cash: piles of raw cellulose cooked to its fibrous essence, as brown as it is white, and scalding. American money is born in a flame.
The boiler is housed in an ancient redbrick mill, built in 1863, tumbling toward the shore of the Housatonic River in tiny Dalton, Massachusetts. The mill is named for a local hero, Captain Byron Weston, but is owned and operated by Crane & Co., makers of fine paper. Today the company is under the stewardship of fifty-three-year-old Doug Crane, the seventh generation of his family to manage the business. (The Crane ledgers, which begin with Colonel Thomas Crane in 1770, include the sale of "13 reams of money paper" to a Boston silversmith named Paul Revere.) Winthrop Crane, Doug's great-great-grandfather, won the first contract to supply the U.S. Bureau of Engraving and Printing with paper in 1879, when the mill was only sixteen years old. Crane paper has been the money in American pockets since.
In the beginning, Crane & Co. made paper from discarded rags collected by stooped men pushing carts. American currency is still made with rags - until the last decade or so, mostly from the trims and off-cuts of denim manufacturers, including Levi's. Paper money wore soft, like a pair of blue jeans, because it was made from blue jeans. But recently, Americans decided they liked jeans that stretched, so jeans companies began adding spandex to their fabric. Money with spandex in it wouldn't be money anymore, which means much of Crane's time is now spent on a global search for waste cotton that wasn't used to make elastic pants.
Crane also makes high-end papers for business. Their stuff is gorgeous. A great story.
