Feliciana sentinel. [volume] (St. Francisville, La.) 1877-1892, 1891-08-22
MILLIONS At SEA.
Now Specie is Shipped To and Fro Aseess
the Ocean.

MILLIONS At SEA.
Nov so.c,. IL Shipped To and Fro Asrsss !
the Ocean.
In one little tightly looked room on :
many of the large ocean steamers snero ,
Frequently goes over a treasure large
enough to buy the entire steamer ana
its fittings several times over. Ih1s
little chamber is tho gold room or
treasure chest. It receives its precious
freight at the last moment before tne
steamers start and its contents are the
first portion of the cargo TO ieave ene
shin when she has been securely
berthed. During the recent rush OF
gold abroad, the strong boxes have
been kept in very active use, and the
pursers of the several ships have hao
corresponding increased sedresponsibllltles
placed upon them.
Contrary to the general notlon'
shipper of gold does not go to the SUB
| tire asury in New York to get a conslgn'
ment of gold simply because the gov
ernment keeps its supply there for tne
payment of its legitimate obligations.
It is not an exchange Office in the sense
Of taking any sort of securities or iesal
tender and giving out gold coin instead.
II cold certificates are prohered gold
NAV be had, and it is a member OF the
| associated banks, doing business
through the clearinghouse, that much
gold goes ont from the sub-treasury
into the hands Of the several banking
institutions They do not keep all the
.oin or bars or whatever shape the
precious metal may be in their own
faults, but instead employ the great
vaults of the Bank of North America,
which has become by general arrange
ment between the several banks a
sort Of depot for the deposl1 Oh
gold. There is a sort of cooper shop
attachment to the bank as well, and
bap factory too. The bags are strongly
c seyed snug little affairs of stout can
vas Into each one five thousand dol
, lars in gold coin is placed, fve-doual
nieces if no other sort is to be had, ane
twenty dollar pieces in preference be
u cause then the surface OF abrasion 1
less and the loss from this cause Is YER.
much reduced. The specie kegs ar
- made of hardwood and have an extr
's iron band bout them. There is q room
in the rear of the bank specially sc
~ apart for the packing OF the specie an
the operation is witnessed by repre-
10 sentative of the shipping firm which ha
= received the coin ordeE from aoroa
and upon whose order the shlpncnt
Dc making. Ten bags just fill keg, an
|
w attendant cooper a tape check Is a
o' plied, four holes are bored through tt
ends of the slaves above the head IN
sa bottom of the keg, and red tape ri
va through and the ends brought to cor
ca mon point at the center OF the hea
~, where they are sealed by great pat
~" of wax, bearing the seal OF the shlppe
Wv A stout low cart stands outside the 40
of the bank. and on this the fifty the
.:S ot' sand-dollar kegs are placed. A coul
. ~ Of men jump on with the driver ::
-n' other couple perhaps look ON and
low along. and the treasure moves
single truck will carry as much
wv forty kegs or two million dollars. ant
=. fixed sum per keg is charged. Ihe
10 livery to the steamer is simply as or
,IN. M freight, so many packages, contel
Wv declared, but not vouched for by
ins receiving steamer people. The mar
- insurance companies will insure at
'ui.. ~: rate of about two thousand dollars
a million dollar shipment Each ST
i1sl. per has a different notion of doing
iI,ll ,, business and many do not insure ut
"uS The steamer is designated, and as
~ extra precaution large shipment
e'le of a million and n half, may go on
'"J. many as five or SIX various boats. !
60 60 on the simple rule Of not intrusting
.ried Ha'.Ay Cd 10 ~ 80 ~- -
coli ,,nc,E CAMS MONEY EACTC