The New York herald., 1869-04-20
TxE BUREAU OF PRINTING AsD ENCRAyisG.
New Legal Tenders and New Fractional Cur.
reucy.

New Legal Tenders and New Fractional Cur.
reucy.
WASHINGTON, April IS, 1862
The Congressional Committee, composed OF Sena
tor Edmunds and Congressman Halsey, have made
report in relation to the condition and operations
OF the Bureau OF Printing and Engraving up to
March :, 1869. Another committee appointed by
the secretary OF the Treasury have looked into the
books and all the papers as well as material OF the
bureau and have also reported everything in proper
condition. The publication OF the report Is with
held as 1T contains many details which It is not to
the interest OF the government to make public
The following facts Of interest are allowed to be
stated.
Under the new administration the bureau, headed
by new and reliable aud e1lclent superintendent,
George D. McArtrce, has already grown into real
value and importance, now the greater portion OF
the government money will be printed there.
The new arrangements entirely preclude fraud.
The checks ana balances are PLAIN and comprehen-
sve, and cannot be misunderstood. The superin-
tendents aud assistants make out daily duplicate
reports OF all done 10 their respective divisions
One goes TO the chie OF the bureau and the other
the cnief OF division In the secretary's Office. The
copper plate printing division OF this bureau Is being
rentted and the various diviso IONS reorganized
paper money lie paper for the purpose Is now beng
manufactured. paper maker aud clerk represent
Ing the government has charge Of the MILL and the
Part OF the legal tender notes Will be printed out
OF this city anG the remainder here. IL Is In
tended 10 print all OF the fractional currency notes
here.
The same plan has been adopted In regard to
whskey and other stamps made for the use OF the
Bureau OF Internal Revenue. In the Secretary's
bureau n Counting room for the blank paper is in
operation, while a similar one Will be I'm In the
printing bureau, and the same, with the money
after " "a made, except that the counter check
Is IN the Treasurer's bureau.
The hydrostatlc presses, about ninety In number,
viii be abolished, and In their stead roller presses
VIII be used with greater economy; steam Is re-
qulred and the greater safety OF the building from
explosions N thus obtained.
The employees, men and women, OF the bureau, In
the various divisions, have been furlOughed until
the 18th Of May. During tins interval All the ma
chnery viii be put IN perfect repair aud everything
prepared for a fresh start.
IL IL proposed TO call In the fractional currency.
No more OF any OF the series Will be printed. The
style Of the legal tenders or greenbacks Will he
trey diIerent from those now In circulation. and
"a they supply the place OF the old the latter Will be
Withdrawn. set OF books Will also be kept, In
which Hll the transactions OF the bureau Will be re-
corded, and no difficulty Will be experienced In the
way OF making the proper INVESTIGATIONS at any time.
The old machinery not required will be disposed Of,
and a useless dies and plates destroyed II Is graft
lying that the printing bureau, under Mr. McArtree,
IL about 10 be made not only useful, but an eco
nOnical branch OF the Treasury Department " In
also very satisfactory that there s prospect OF n
cessation OF the inexplicaDe transactions 80 fre-
quently charged against the bureau.