The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1893-11-11
ISSUING: NEW. BONDS.
The Work Is q Com IMPLICATED One and IL
wolves Great Deal o: Labor.

The Work Is Complicated One and H.
wolves q Great Deal o: Labor.
The business Of issuing new set Of
bonds is a matter of some moment to
the officials of the treasury depart
ment, because it involves great deal
of labor in the bureau Of engraving
and printing, in the registrars Office
and in the treasurer's Office. It takes
some time for the bureau of engraving
and printing to get out an issue of
bonds. The engraving is slow proc
ess SAYS the Washington Star. Then
the paper must be prepared. The is
sue of renewal bonds in 1891 was
printed on paper ten years old, which
was lying in the vaults of the bureau.
1t had to be taken out and wet down.
and it was not ready for use for ten
days. Bonds go through the presses
three times First the tint is printed
on the face of them. Then the form
on the front is printed in black, and
then the form on the back is printed.
also in black. These bonds were
printed from plates which were made
in 1876 The bond issue of 1891 was a
reissue of the bonds of 1876; SO the
bonds were printed alike. 1t is aston
ishing how little wear there is on the
tempered steel plates from which
bonds are printed. But this is not
more remarkable than the process OF
freshening the plate which has been
worn a little. If bond plate looks
at all dull under the microscope it is
put in the transfer press and the cylin-
ders with which the design was cut in
to it are rolled over it again. '~.'' =
Anyone who has seen the fine hair
lines in the engraving of bank note
or a greenbaclz will appreciate the
| marvellous accuracy of a machine which
can be adjusted so that the original
cylinder, passing over the engraved
plate seven or eight years after the
original engraving, will cut again into
the same lines and simply deepen the
impression. The variation OF thou
sandth part of an inch in the adjust
| ment of the cylinder would blur the
plate and ruin it. The cost of trans
! ferring s~om the cylinders alone as
about fifty dollars plate, and thar
| feature of the preparation Of the bond
issue would cost the government 5nlly
three Thousand dollars. The cost OF
| engraving and printing would bring
the expense Of issuing new series OF
bonds up to abont fifteen thousand dol
| lars. The registered bond is about
fourteen inches long by six inches
wide. The old coupon bond was
eighteen by twenty-four inches. This
was the size Ut the four per cent. bond
which was to run thirty years with in
lterest payable every three months. and
which bore one hundred and twenty
| coupons. IN the issue of coupon bonds
the signature of the register OF tho
treasury is engraved on the coupons.
| 1t would be impossible for the register
to sign one hundred and twenty cou-
pons on each bond. IN some Of the
heavy issues of bonds the sigma ure In
the body Of the bond has been en-
| graved But all of the registered bonds
are signed by the register or his depu-
J ty. When these bonds are issued the
initials OF the clerk who entered and
| the initials of the clerk who recorded
each bond are written in the corner OF
it, so that if there isany mistake it can
be traced very quickly.