The true Democrat., 1854-12-13
The Sub-Treasury-Ho it looks and what
 is done there.

The Sub.TreaSury-HOW 1t looks and what
 is done there.
 The Sub- Treasury in this city, (says the New York Times) is place into the secret corners of which but few people pry. It is not less noteworthy because the public are excluded We have gathered few facts touching its his- tory, which may be interesting:
 The Sub Treasury in this city went into ope- ration Oct. l6, l846, during the presidency of J ames k Polk. Since it has been established, period of nearly 8 years, it has done busi- ness of over $500 100000 in the way of receipts and disbursements: this would make a yearly average of S62OOOOOO. Latterly, from various causes, the operations of the office have been largely increased, and the yearly receipts and expenditures now amount to nearly S1OO,0OO,- OUO Shortly after the incomingof the present administration, the Secretary of the Treas ury ordered the diSburSing agents to the gov ernment to transact their business through the su0-treasury offices throughout the country, and not Tn the banks as formerly This action had the elect of causing the government agents to open accounts with the assistant treasurcrs ollie here. These transactions now amount to S5OO,OOO per month; and the business is rapidly increasing.
 Much of the work formerly done at Wash ington, such as the payment of members of Congress, payment of pensions, etc, is now performed by the New York sub-treasury, and its operations will he still further enlarged by the opening of the assay office, the business of which, it is estimated, will amount to S25O- 900 per month, or S3,OOO,OOOper annum, addi- tional
 The amount of labor performed in the sub ls uar 0f k,,.o l,.,, dred notes, drafts, etc., is paid out daily; never less than eighty and sometimes as many as five hundred; and as these drafts from all parts of the Unlon, covered with endorsements in diff ferent handwrtings, all of which require the most careful scrutiny before payment; it will be seen that the gentleman who performs that duty has his hands full, besides resting under a weighty responsibility. The drafts are for any amount, from s upwards. The largest amount ever pad out on one order was S7,OO0OOO Fms was to Count Almonte, the Mexican Min ster, July H. of this year.
 One would suppose that, in an office transact ing so large business, some mistakes would occur--that fraudulent or unauthorized drafts would sometimes be honored, and spurious coin be taken out of the millions that pass through the hands of its officers. Such things are of daily occurrence in our oldest banks, yet no error Of any account has so far come to light in the sub-treasary. This gratifying result is, no doubt, ln great measure due to one of the regulations of the office, which requires that the record of every transaction involving the receipt or disbursement of money, shall be kept by different clerks. Any error is thus immedi- ately discovered in the disagreement of accounts. The offlcers are compelled to exercise great cal- ton, from the fact that Congress has failed to supply any fund to meet defciences that may arse from the payment of unauthorized drafts. or from mistakes in the counting of money. All accounts must be made good, even though the officers themselves have to supply the deti- clency out of their own salary
 The present assistant treasurer is MT. John J. Cisco. His salary has heretofore been S5,OOO year, but Congress provided in the bill es- tabllshing the assay office, that he should be its treasurer and his salary be increased to S6,- GOO per annum. Mir. Cisco gives bonds to the government in the amount of 100000 dollars: a sum certainly not too large as he has constantly in his charge from five to seven millions of dol ars of government funds.