The Galaxy, May, 1877: Vol. XXIII.—May, 1877.—No. 5.Various
General
The Galaxy, May, 1877: Vol. XXIII.—May, 1877.—No. 5.
Various
American literature -- Periodicals
It will be understood that after passing through the first assorters'
hands the notes are in two lots of "fit" and "unfit," each lot being in
bundles of one thousand notes of one denomination, and each bundle
composed of packages of notes of single groups. The next operation is to
mass all the packages of all denominations composing the day's
assortment by groups. This is done by the first assortment teller, who
distributes the packages on a low table, according to the marks of the
assorters, and straps the packages of each group into a bundle on which
he marks the number of the group and the amount. The distinctions of
"fit" and "unfit" are still maintained. There are then forty-four
bundles of "fit" notes and a like number of "unfit," each bundle
containing all denominations of notes of the banks composing a single
group. In this shape the money is on the day following put in the vault
of the agency. This receptacle is a room whose massive iron walls would
not be likely to tempt burglars even in the most inviting surroundings.
It is situated in the basement of the north wing of the Treasury. The
ponderous double doors are secured by two combination locks of the most
approved construction, one of which is set and can be opened only by the
superintendent and the chief bookkeeper, and the other only by the
assorting teller and his assistant. There is, besides, on the outer door
a chronometer lock which would defy the efforts of all those officials
together, and of all other persons whatsoever until the appointed hour
when the vault is to be opened in the ordinary course of business. Along
the interior of the walls are compartments in which are stored redeemed
notes, those of each group by themselves, until they shall be removed
for assortment by individual banks. The vault usually contains about ten
millions of dollars. The money which we have followed thus far is packed
into a cart and hauled into this place, where it is deposited group by
group with the rest.
It is customary to assort the currency of from one to four groups by
banks each day. Let us follow rapidly one of these groups through the
remainder of the processes. The money of a group accumulated from day to
day in the vault is in the morning transported to the assorting room,
where it is delivered to the second assortment teller. By him the
bundles are opened, the inventory verified, and the packages separated
by denominations, reference being had in this process to the upper note
of each package. The packages of each denomination are then strapped
together by means of cardboards and rubber bands, and the group number,
the denomination, and the amount marked upon each bundle. Next morning
the money is delivered in this shape to the second assorters.
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