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
For convenience in assorting, the twenty-three hundred and forty banks
are arranged alphabetically, according to the name of their location,
into forty-four groups, which are distinguished numerically, there being
from forty to upward of sixty banks in each group. The operation of
assorting notes into these groups is known as the first assortment; that
of assorting the notes of the groups by individual banks, as the second
assortment. The bundles of redeemed currency, having been passed to the
assorting room, are delivered to the first assortment teller, who
distributes them among the twelve or fifteen first assorters, taking
receipts. Each of these persons carries his money to his till, and after
making an inventory by straps, proceeds to count the notes. He unpins a
package and lays the strap flat on the table before him. If the contents
of that package are found to be correct, he lays the money upon the
strap. The next strap is laid on top of this pile, and so on. By this
method the several packages are kept distinct, and if he afterward finds
an irredeemable note in his money, he may know from whom it comes. All
errors discovered, not only in this process, but in all others, are
required to be reported immediately. Should a package be found "over,"
the assorter makes a memorandum, over his initials and the date, upon
the strap, and returns this with the superfluous note to the teller. The
note is put in the "cash till" to the credit of the counter whose
signature is on the strap. "Short" packages are returned for
verification to the counter, and the deficiency is made good out of the
"cash till" and charged to the counter. Spurious and stolen notes are in
like manner exchanged for genuine. An account is kept of all the
"overs," "shorts," etc., of each person, and on pay day the clerk who
has a preponderance against him will find in the envelope enclosing his
month's salary the superintendent's certificate of the balance "short,"
and any counterfeit or stolen notes found in his straps, reckoned as so
much legal tender. This system is rigidly enforced not only in the
agency, but throughout the department. It seems hard that the penalty of
accident or inexperience should be so summary; but no other means has
yet been devised to secure the Treasury from loss. And after all, the
rule is the same as that enforced in some manner in the outside world of
business, where every one must trust to his own knowledge and skill for
security against loss.
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