The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1868-06-27

terdsy morning that the salary Of the incunl-
bent OF shis office in Charleston had been in-
creased did not excite much comment, but the
assertion, that the office disbursed 100000
was matter OF surprise to many who were not
aware Of the large business transacted by the
Assistant Treasurer, Before the war the
money transactions Of this Office seldom e1-
oeeded 81, ,OOo, 600, but the hooks now show that
from the LIST Of last July the disbursements have
been. 81, $50 ,719S5. Mthe same time 500, COO
Of Irrational currency has been received and
$1O6,66 90 redeemed. During the year more
than $4,000, 900 has passed through the Of
Iice. Tie large military and other civil estab-
lishments connected with the United States
Government in this city have their deposits in
the Assistant Treasurer's office. II also re-
ceived all government moneys from South
Carolina, Georgia and Florida; also, large
portion from North Carolina, particularly
the postofice fund. At one tim. banks
in various sections were used as national
depositaries, but they have been abolished
and the Assistant Treasurer's Office is
now the only depositary in Charleston
for government funds. The money records Of
the Office, showing the minutest transactions,
together with tbs amounts on hand, are cent
10 the Secretary Of the Treasury at Washing
ton daily. Special agents Of the Treasury De-
partment aro also frequently sent from Wash
ngton to examine the accounts and books and
report on the same. z ~ sGt4
Perhaps the most disagreesble portion Of
the business routine is the receipt Of fraction
al currency which is brought in by the mer-
chants and storekeepers. This is carefully
counted and put up in packages, and marked
with the name Of the party from whom receiy-
ed. II any Of the bills sent to Washington
should prove to be counterfeit, il is pinned
to the strip Of paper bearing the name and
sent back to the Assistant Treasurer, who is
expected to have it replaced. The government
has always reserved the right to deter
mine if bill is counterfeit, and the agents
can only express an opinion, the final
decision coming from the treasury. in Wash
imgton. The fractional currency obtained in
this way il put up in boses containing from
one thousand dollars to one thousand five hum
dred dollars, and sent to Washington, where it
is examined, and, if correct, is either credited
to the sub-treasury or an equivalent amount in
new bills returned. This, as we'll as the other
transactions of the Office, requires great care
and on immense amount Of labor, and it was
thought that AZ the business Of the Office had
been 80 largely augmented that the salary of
the present incumbent, Mr.. ]. D. Geddings,
should be also increased. The bond demand
ed is s1OO. 900, and more money passes through
the Sub rreasurer's Office than through either
the customhouse or internal revenue Office.
A petition stating these facts and asking an
increase was sent to Washington some time
since, and the telegraph Of Thursday brought
tho first news of the favorable action OF Con-
gross. MIR. Geddings has been resident OF
Charleston since '56, and his petition for the