History of Negro Soldiers in the Spanish-American War, and Other Items of InterestJohnson, Edward A. (Edward Austin)
History
History of Negro Soldiers in the Spanish-American War, and Other Items of Interest
Johnson, Edward A. (Edward Austin)
Spanish-American War, 1898 -- Participation, African American
The notes are arranged in packages of one hundred before they are
brought into the cage. Each package has its paper strap, on which the
number and denomination is given in printed characters. Forty are put
together in two piles of twenty each and placed an a power press. This
press is worked by a lever, something like an old-style cotton press.
There are openings above and below through which strings can be
slipped after Brown has pulled the lever and compressed the package.
These strings hold the package together while stout manila paper is
drawn around it. This paper is folded as though about a pound of tea
and sealed with wax. Then a label is pasted on it, showing in plain
characters what is within.
The packages are of uniform size and any variation from the standard
would be noticed. But a dishonest man in Brown's position could slip a
wad of prepared paper into one of the packages and put the notes into
his pocket.
If he did this the crime might not be known for six months or a
year, or even longer. Some day there would come from the Treasurer
a requisition for a package of notes of a certain denomination. The
doctored package would be opened and the shortage would be found.
However, the Government has never had to meet this situation.
There have been only two men engaged in packing and sealing currency
since the Treasury Department was organized.
John T. Barnes began the work. He was a delegate to the Chicago
Convention which nominated Lincoln and he received his appointment
on the recommendation of Montgomery Blair in 1861. In 1862 he was
assigned to making up the currency packages and fulfilled that duty
until his death, in 1894. No mistake was ever discovered in his work,
though he handled every cent of currency issued by the government for
thirty-two years--so many millions of dollars that it would take a
week to figure them up.
Mr. Barnes' duties were filled temporarily until November 1, when John
R. Brown was appointed to the place.
Barnes at the time of his death was receiving only $1,400 a year and
Brown draws only $1,200.
Ordinarily the Bureau of Engraving and Printing delivers to the Issue
Division about fifty-six packages of paper money of 1,000 sheets each,
four notes on a sheet, making, when separated, 224,000 notes. These
notes range in value from $1 to $20, and their aggregate is usually
about $1,000,000. The government, however, issues currency in
denominations of $50, $100, $500, $1,000. The largest are not printed
often, because the amount issued is small.
If it could happen that 224,000 notes of $1,000 each were received
from the bureau in one day, the aggregate of value in the fifty-six
packages would be $224,000,000. As it is, a little more than 10 per
cent, of this sum represents the largest amount handled in one day.
That is, the packer has handled $25,000,000 in a single day, and not
one dollar has gone astray.
Public-domain text, read in full here on John Shaqi.
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