New-York tribune., 1867-08-02
us.Irbt OIL IN two nouth, he brought in two trial

midnight OIL In two mouths he brought IN Two nia m&
chimes, worked by crank The clerk, to whom they
were referred inspected and reported them failures 90
Chase ordered them removed from the building. bu'
what acqueseed in the slaughter OF his OWE
progenyf This one impiorea the Secretary "Come ane
examine for yourselfH -
Chase did examine, and found that these maFyelQps
automatic with cunnn fingers OF steel not only ala Tho
work perfectly; more than fourhfns
lie instantly rescinded the ordsr placed Clark charss
of the cutting and trimming, and assigned MIN rooms TOT
the purpose. That the origin OF the PrinQng ana
Engraving Bureau Of the Treasury Department ON ths
29th Of August, 1861 Mr Clark began assisted Dg ohs
man and four women Now his Bureau has 21 sbofdDaCs
superinendens nearly employees occupies "a rooms
and has turned out sixty millions Of dollars in snss
day
But has fought for every step It would have per
shed long ago. had t not adopted the principles OF the
Prize Ring and struck out vigorously from tne shoulder
It's very existence yindication OF the Noble Art OF
Self Defense t had TO encounter the prejudice against
Governments engaging In any sort OF manufactures
usually JUST for the employees Jobs patronage the
more corruption This case was exceptional The Treas
urer could not 60 into open market for his engraving
and printing The Bank Note Comprehension but two.
now three-wcre gigantic moDopoles. They made the
paper money of North and South America They offered
no competition There work for BOTH they charged
their own prices and would not underbid each other.
Greenbacks proved Golconda to them. Shares, below
par rose to high premiums. One made dividends of 80
immense Oi SlsOs
OOO In ALL Government has paid these three companies
s3OOOOOO But every piece OF work done in Wash
ingon was so much taken from their receipts. Hence
arrayed against the Bureau was this gigantic money.
power working In a hundred ways-On the floor OF Con-
gress in the departments, Wallst, and through ths
printing press In its favor only the less Jealous aid
springng from the belief that it served the public In
terest
The currency required the very choicest execution
TolerabIe banknote engrayers abound bat Of frcass
workmen there less than 30 in the United States The
companies employed them all binding them by long con
tracts and the moment one arrived from abroad
pOuncng on him like hawk Once Clark posted over 70
New York. to see a skillfu designer from England by
special appointment He found that officers OF the lead
ing bank-note company had preceded him by few
minutes at the place of meeting and with unusual sab
ary had secured his man.
The president Of another corporation brought wrttes
charges against Clarks character. Congressional com
mittee investigated and declared them wholly unsup'
ported by proof The companies refused to give up the
dies and plates for printing here Once this controversy
waxed that they packed them for sending abroad
lest the Secretary should obtain them by process oflaw
The New-York companies still print the Greenbacks and
the issues OF the National banks But this competon
has brought down their charges for engraving rs per cent
and for printing per cent below what Government paid
them in e2 The work could readily be done here bot
there are LOO National banks We're the printing trans
ferred now II any spurious notes from the genuine pate
should get IN circulation, question might arise as 70
whether they tampered with wilhelm the custody Oh
the companies of the Department The Comptroller o
the Currency declines that responsibility. 60 they ars
printed in NewYork and expressed here to be separated
trimmed numbered, and stamped with the Treasury seal
One package upon arrival proved to contain 5000 mors
than II was marked and inyoced. Long the company
souty denied the mistake but at last owned up Another
package contained Of 100000 but that was
speedily acknowledged.
Ruroa haefd mi fhcaa nj
and prints all bonds coupons fractional currencyand
Internal stamps for cigars and beer barrels doe
the general printing Of the Treasury Department and
manufactures It's wrapping paper and envelopes. 1t Is
contemplation TO make banknote paper also For tins
purpose the ghtest finest fabric is bestjust sils
handkerchief will stand and tear than
napkin.
The Post Office Department (chief. Alexander W. Ran
dall Of wisconsin contains room boldly labeled: DEPRE
DATIoN OFFICE" IL Is devoted not TO committing depre
datlons the inscription might signify but toinyesngat
Ing them so the Treasury has one branch over which
might be written: "Counterfeiting Office" Most spurious
plates sooner or later find their way here large de-
tecve force employed in erretng out couuterfeiters
These have ramncatons all the Union. They are
chiefly ensnared through their own confederates ever
ready for consideration TO betray them and fasfy the
proyerb OF among thieves Hundreds ore sent to
pententiares yearly but they nnd teasy to get par
doned out.
When counterfeit is presented at the Bank Of England
the gold Is instantly paid for it. II It comes from some
known person he IL only asked where he got It. III from
stranger the cashier signals to his detective, always In
waiting and the officer follows secretly Before many
hours the possession of the strangers biography
The offender once arrested likely TO be tried convicted
and sentenced within w6days wherefore Great Britain
is not an inviting field for that branch Of industry
American counterfeers are thoroughly organized,
and adopt the great national princpedvsion OF labor
They have quite separate and distinct for engrav
ing printing signing ard putting in circulation The
latter issue circulars known dealers all over the counr
try Offering the queer her fash term for counterfeis
money! usually at about 80 cents the dollar. They
have their spy system too, and look out sharply Tor om
GERS Lately detective mailed go to the address given
Id one Of these circulars asking the return OF Its value IN
"queer" The vlgant counterfeer penetrating the ds
gue replied that he did not sell to stoolpgeons butyes
felt bound in common courtesy retain the officers little
contribution TO his oxchequerl The discounted detective
now shakes his head and sghs with Juliet
Too early uHknOwH and known too late"
But the facetous seoundre keefuy apostrophizes his
unlookedfor "Ten"
"Green be the bach upon thee,
Friend Of my better daysP