The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-07-13
THE SUB.TREASURY.

Big Counting in the Vaults OF the institution
The Sum or @IO2,72s,64S - Counted
Dollar by Dollar.
Wall street has had in its day some pretty big
feats OF counting short well long, but the
trement from ONCE OF ub-Treasurer Van Dyck was
the occasion day or two ago OF the grandest task
In the arithmetical that the 'street" had ever
heard tell Of before. When Mr.. Van Dyck was in
formed officially that his valuable services in the
Sub-Treasury were no longer required and thai
General ButterHeld would take his place, these two
gentlemen expressed wish that the assets OF the
sub-Treasury should be counted. The wish
was gratined, and up TO Saturday las,
nimbe fingers were busily at work in
the vaults OF the institution overhauling immense
quantities OF bank notes and ponderOus bags OF gold
CON, while the hundreds OF bondhOders stood in
line IN the street awaiting their turn to get their
July coupons and have their gold certificates cashed
In utter ignorance OF the grand time that going
on In the vaults beneath them.
About week ago all the preliminary arrange
ments had been made for the Official count, and
Secretary Boutwell, despatched the following gen.
tlemen from Washington as counters:-Messrs.
Guthrie Moore, Baker and True. They were selected
from among all the Treasurer's corps OF
assistants at Washington as especially adapted for
the work. Furthermore Mr.. p. q. Calhoun, Pres-
dent Of the Fourth National Bank was selected and
requested by Treasurer Boutwell, to represent him In
the matteT. MI. E HalRHU Tie fTeslUe0t OF Lne
Bank OF the Commonwealth, represented ex-Trcas-
urer Van Dyck and President White OF the National
Currency Bank, General Butterheld Besides these
gentlemen about nifty rapid accountants were Sc
lected by w. II. Camp, manager of the Clearing
House, to which number were added the stan OF
clerks OF the SubTreasnry aud nine gentlemen Ia
work of counting began the afternoon Of Friday,
June 80 and the currency was the first object OF the
solicitude of the counters The counting was con-
tnued till sunrise the following morning. the various
bank presidents being present meanwhile supervis-
ing, rather watching, the nmble operations. over
$50 Zoo. 600 were thus counted and the figures
found to tally exactly with those OF the exreasurer
The magnitude OF the work can be understood
seer when Is taken into consideration that every
doll,- % the stacks Of currency counted first
by the ex-Treasurer's counters and then by General
Butterneld's, thus a sum over $50 000 QUO being
counted dollar by dollar. The specie next taken
hold OF, and every day, from nine IN the morning
until late In the afternoon, the great work
tinued and on Saturday night all the gold had been
overhauled, every piece not only having been counted
twice by the two corps of counters, but also weighed
and q record OF the contents OF each bag TAKEN
Altogether $500 900 in silver and $40 900 In gold
were overhauled. The counting OF the coined SPECIE
however did not end the task for over
So 100000 In gold bars weighed. counted
and recorded on the books or the Treasury before
the task was &C an end. When every had
been accounted for 1t was found that the grand
total footed up $1O2 GAS 30 Wall street has GER
tainly never had such big time 'below stairs' be-
FORE and 1t may be long while TO come before the
herculean task inaugurated by the present Sub-
Treasurer and his assistant will again be repeated