Ten Years in Washington: or, Inside Life and Scenes in Our National Capital as a Woman Sees Them ... to Which Is Added a Full Account of the Life and Death of President James A. GarfieldClemmer, Mary
History
Ten Years in Washington: or, Inside Life and Scenes in Our National Capital as a Woman Sees Them ... to Which Is Added a Full Account of the Life and Death of President James A. Garfield
Clemmer, Mary
Washington (D.C.) -- Description and travel; Washington (D.C.) -- History
This is the story of but one package of mutilated money of the tens of
thousands that are received at the Treasury every day. The Government
has provided the most munificent facilities for the redemption of its
currency and the maintenance of its credit in circulation. To what an
extent the nation avails itself of these facilities no one can realize
who has never visited the Treasury. Regular transportation, at the
expense of the Government, is provided by express for the redemption of
all currency. Everything demanded of its holders is, that they should
send it in proper amounts; then its transportation is paid, and new
currency sent back in its stead. This liberality in the Government is
partly accounted for in the fact that fresh notes are a prevention of
counterfeits. A fresh, new note cannot be counterfeited. Its exquisite
tints and lines cannot be reproduced by any false hand. Only after its
beauty has been obscured is the attempt made. Thus it is said that
counterfeiters “soil and rumple their spurious notes, to give them the
appearance of having been in circulation a long time.” Thus many banks
never sort over or pay out any fractional currency which they receive,
but put it into packages and send it to the Treasury at the close of
each day’s business, so that nothing but clean notes are ever paid over
their counters. By doing this they are saved the immense labor of
reassorting old notes, and afford their applicants the happiness of
always receiving new ones.
Only the room in which the express messengers deliver their remittances
can give any idea of the vast amounts sent daily to the Treasury for
redemption. Here we find counters, tables, and the floor piled high with
damaged money from every State in the Union. Two and three hundred
packages are often received by express in a single day. The greater part
of these contain postage and fractional currency. The Assistant
Treasurer of New York forwards a remittance of fractional currency every
ten or twelve days, never less than one hundred thousand dollars, and
the amounts sent from other treasury officers are proportionately large.
Over thirty-one million dollars in fractional currency were received and
counted during the last fiscal year—about one hundred thousand dollars
for each working day. Every note in this large sum has to be counted,
studied, assorted with all others of the same denomination and issue;
strapped, labelled, reported, delivered—all done by women.
The last room to which the counter carries our dollar is the cancelling
room. She has just reported to the chief of the Redemption Division the
result of her count, in the following duplicate report on the broad
paper strap which binds her bundle of soiled notes:
AMOUNT, $5,000.00
_From Fiftieth National Bank, New York City._
Received July 9, 1873, by MARY JONES.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account