Evening star. [volume] (Washington, D.C.) 1854-1972, 1875-02-17
The Treasury Printing.
CONCLUSIONS OF THE BANKING AND CU
RENCY COMMITTEE.

RENCY COMMITTEE.
The Committee on Banking and Currency
were unable TO agree upon a unanimous re-
port as TO the printing of notes and stamps.
Two reports were submitted to the House
The recommendations contained in
THE MAJORITY REPORT
are as follows:
FIRST. That all the national bank notes
United States notes, and other securities OF
the United States, except the fractional cur
rency. be executed with at least three plate
prIntlngs, besides the seal printing, and that
at least two of these priutings he executed
by responsible and experienced companies or
establishments, no company or establish
menf executing more than one printing uDon
the same note or obligation.
Second. That one lateprinting and the
Seal printing upon all national bank notes,
United states notes, and other securities OF
the United States De executed in the Treas
uTy department
Third. That the use of the so-calIei secret
process or water prOOfing in tine preparation
OF The government securities in the bureau af
engraving and printing but submitted To a
commission of three disiuterested and skill
Ilil persons appointed by the Secretary of the
Treasury; that this commission shall inyeS-
tigate and decide what if any. is the pracfi-
cai use OF This process, and what is a fair
compensation TO the patcntPe, aud whether
any other process can aS well or better pro
duce the same result.
Fourth. That the distinctive paper uscl in
the manufacture of the Unitef states notes
shall also be used for the manufacture OF the
notes of the national banks
The report is signed by MeSsrS. Merriam.
Hawley. Phelps, Mitchell, and Durham
Mr. Hunter also cOncurS with the following
note;
II agree to the above. except / desire That
the stamps. including postal. departmental
and revenue, should be printed i'm The Bur9au
Of Engraving and Printing.
morton {. HUNTEP"
TIE MISORfTY REPORT,
which is signed by Messrs. Maynard. Far
well, Hubboll, Randall, and Niles, concludes
as follows:
while having full confidence in the sect,-
rity OF the Bureau Of Engraving and Print
lng, we are aware that an impression has
obtaisei that greater security would be
reached by having the circulation prepared
in different departments and working indie
p,NGentIy OF each other.
I'm Difference TO this opinion we recon-
mend that upon all public securities. ia
Guiding bonds, Treasury notes. United States
notes, national bank notes, CeTtlffcat tes, and
other forms OF obligations intended to circu-
late as money, when more than one printing
or impression is required, it should be the
duly OF the Secretary of the Treasury TO have
one or more printingS or impressions exc
cuted outside of the Bureau of Engraving
and Printing, requiring the final face impress
sion, together with the numbering and seal
ing ana hnlshlng, 10 be executed by the bu-
Ieau.
We further recommend that all internal
revenue stamps, including departmental
stamps, shall be printed at the bureau of
engraving and printing, and introduce a bill
accordingly.
THE COMMITTEE ON ArPROPRI IATI0NS
in making provision in the suHdry civil bill
for this work, have provided that the rates
currency and other securities of the United
States be executed with not less than three
plate-printingS, at least two OF which print
lngS shall be executed by such responsible
and capable and experienced bank note COM
panieS as shall contract for the same az the
lowest cost TO the government, and at prices
not greater than those heretofore paid for the
same class of work; no company or eStab-
liShment executing more than one printing
upon the same note or obligation, and the
final printing and finishing TO be executed in
the Treasury department.