The morning times., 1896-02-23
Man Who Makes Money and Bonds

man, and this picture, embellished with
new lettering and ornamented with small
designs. would pass for the new design
after which the bank bills were printed.
The result OF this cheap way OF getting
money made was that the money OF the
United States was a laughing stock for
foreign bank officials. Persons spending
money do not notice the design, but the
effect upon foreign governments is better
when a really good piece OF art work is
placed upon our bills. Travellers con-
slider the money of Spain the prettiest money
they ever handle. Dat in a lew years they
will find United States money worthy
place alongside Spain.
When there is bond issue, as in the
present case, and bonds are issued in what
may be called an emergency manner, with
out ceremony beyond the receiving OF bids,
the United States does not commonly order
a special design for its bonds. The Treasury
makes a selection from an old wing,
perhaps a picture of a statesman, and sets
it in { new drawing, which, being properly
Iettered and ornamented. answers the pur-
pose OF an elaborate new design.
When the United States chooses to do
this, IL is perfectly correct TO do so. Few
persons see the government bonds, and the
engraving department. hichisvery yeConomi-
cal in its inside workings. considers the bond
plenty good enough for it's limited circula-
ton. II the matter OF bill it is different.
a bill passes through many hands. Its
average life is three years.
After the design for a new bin is COIN
pleted it is sent TO the Treasury for ap-
proVal. 1t is discussed, examined critically,
compared with previous drawings for bills,
and finally sent back with the approval of
the Treasury. The artist then finishes il up
After the finished design has gone back
from the artist TO the Treasury the real work
begins. The design must pass through
the engraving process; and so carefully is
this done and so magnificent is the finished
die that il is a matter of months Of work
for thedepartment. The presentnew dollar
bill which is expected out in April has been
fourteen months in the enErayers' hands or
fourteen months since it was completed
by Mr. Low, and ii is not turned off yet
for the public. The care and time spent
upon il give people an idea of the work re-
uuired to counterfeit bill. So intricate
and elaborate is the new bill that counter
feiting Will be impossible.
As the work progresses q proof of the
finished portion is sent TO the artist who
designed it. He notes the finished work
carefully. and, if there has been an ac-
cident in the engraving, he notifies the
government engraving department and the
work is done over again. SO it goes on
until the bill is finished.
Ii is d noteworthyins of the shrewd-
ness OF Uncle Sans lieutenants that never
do ther allow the artist to see more than
portion of the finished proof. The entire
bill, reduced, engraved and printed, he never
sees until it is a dollar bill like any other
bill in his pocket.
AS another instance OF Uncle Sans
shrewdness. be if noted that no magazine,
newspaper or individual is allowed TO copy
the design upon bill in its completeness,
and though 1.-The man who makes money"
kindly supplied the material for this talk
and showed the writer a cpoy of the orig
inal design of the bill, it could not be copied
for printing in with this article.
description of it is all the government
allows. Their theory is that il Plate
were made for printing bill in news
paper itmightaccideutaIlyfa all into the hands
OF uBscrupulous persons who might dispose
of il to counterfeiters who would pay
large sum of money for it.
The United States bonds that are exciting
so much interest are turned off carefully in
the Government Bureau of Engraving and
Printing. Each must be perfect. If one is
blurred, or Sighted, or printed crooked, it is
= DESTROYED and another printed in place of
IL. Each inch OF the government parcl-
mentand bank ote paper must be accounted
for, and If an extra piece is taken, either
the blurred bond, or a sharp record OF it,
must be inserted TO take the place OF
= one can trifle with bank note paper.
When the bonds and bills go to press,
as printing them is called, the work of
the artist is done. In the case OF a bond
issue, the printing of the bond is very
critical work. Each one is numbered,
counted, and watched by staff of Treas
ury officials whose record is above sus-
picion. When the bonds are turned off
they are tied in packages and given into
the custody OF a Treasury Official, who,
with an escort, ia kes them 10 the man who
has bought them. He conducts them in
person, as the. queens crown is taken back
TO the crown jewels.
The matter OF the transfer of the bonds
is done quietly. In the last bond issue
il is said that no less responsible indi
vidual than Logan Carlisle, a son OF the
Secretary, personally conducted them to
the purchaser.
"The man who makes money" is never
a rich man, for be makes it for his country
and keeps but little himself. But he is
necessarily a patriot, or he could not be
fnlbued with the patriotic sentiment
that is necessary for the designing of q
United States bank note or bond.