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
packages are but one feature of a general scheme by which currency in
the office is made to indicate, at a glance, its description, proper
place, and future course. The possibility of error or confusion in large
amounts is thus reduced to the last degree. And minute precautions will
hardly be deemed superfluous, when it is considered that all the
processes described in this article are going on simultaneously every
day at the heaped-up tills and counters.
On leaving the hands of the maker-up, the money is taken to the
proving-room. Here the bundles are distributed among a force of women,
who recount all the notes for the purpose of verifying the amount, the
description, and the assortment. If, among the notes of a bank, is found
one of another, the estray is exchanged, through the superintendent of
assorters, for a note of the proper description. The prover, having
ascertained that her money is correct according to the accompanying
label, puts her initials to the latter, as well as upon each package of
notes, wraps and ties the bundle, and carries it to a table, where, in
her presence, the knots are sealed. First, however, the unfit notes are
cancelled by removing a triangular piece from each of the lower corners.
This is done by means of a knife, which is moved by hand with a lever,
which easily cuts through two hundred notes at a time. The sealed
packages are then put in the hands of the delivery clerk. At his counter
the fit parcels are enveloped in a stout outside wrapper and directed to
the various banks whose notes are contained in each. In this shape these
parcels are taken to the office of the Adams Express Company for
shipment. The unfit notes are delivered to the Comptroller of the
Currency, by whose clerks they are again counted. When there is no
longer any possibility of incorrectness either in the amount or the
description, orders are made out for the issue of new currency, and the
redeemed notes are carried to the basement of the Treasury, where they
are put in a machine and reduced to pulp. This product is sold to paper
makers, who, in consideration of its quality, are willing to buy it at a
good price. There is a possibility, therefore, that the banker who
several months ago forwarded his shipment of currency for redemption,
may have the substance of his note return to him in these pages, bearing
this account of the experiences of the journey.
FRANK W. LAUTZ.
UNKNOWN PERSONS.
Public-domain text, read in full here on John Shaqi.
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