Century of Progress Imperforates
250,000 sheets of each, 1¢ and 3¢ Century of Progress stamps, imperforate, was the quantity of these stamps to be printed and issued, according to the original announcement by the Post Office Department. Since the sheets were issued without gum and were not to be distributed to post offices, none would be used by the general public and only a negligible quantity by dealers and collectors. It is reasonable [to expect that very few will be] absorbed by the philatelic fraternity, thus enriching Uncle Sam's Post Office Department to the extent of $250,000, which is important money in any language. That is the present status.
Lately there has been talk from official quarters to the effect that more will be printed "if the demand is warranted." It is quite all right to go on printing them forever, but in my humble opinion, another printing of these stamps will have only one result. The new printing will not sell sufficiently to pay for the ink, and a large quantity of those purchased and at present in the hands of dealers and collectors will be dumped and used for postage, and Uncle's profit will evaporate.
- George B. Sloane
October 7, 1933
Posted October 24, 1999
Editor's Note: The original had a typical linotype typographic error of repeating a wrong line when a correction was made. I have taken the liberty of putting words in Sloane's mouth to fit the context of his sentence.
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