Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-05-11
TASK ABOUT FINISHED
COUNTING THE MONEY IN THE
NEW YORK sUBTREAsURY.
Office Will Be Turned Over to Hamil-
ton Fish Wednesday-Amount in
Uncle Sans Strong Box.

Twenty-two Treasury Department clerks
who have been engaged since March 23 In
recounting the money in the subtreasury Of
the United States at New York have about
completed their work and tomorrow the last
dollar will have been accounted for. The
clerks will Wednesday turn the office over
to Ellis H. Roberts. United States treasurer,
and Hamilton Fish, the new assistant
treasurer in New York. Mr. Roberts will
leave here tomorrow afternoon for New
York to give and take receipts Wednesday.
When there is change in the OFFICES OF
assistant treasurer at the different SUD-
treasures Mr.. Roberts has nothing to do
with it as a rule, but the death of Assistant
Treasurer Conrad Jordan in New York In
March necessitated the Office being taken
charge of by Mr.. Roberts. In anticipation
of new assistant treasurer the count OF
the millions Of dollars in the vaults OF the
United States in the New York subtreasury
had to be made.
The Bond Given.
The assistant treasurer in New York gives
a bond of 100000 This is $4,000 more
than that given by the treasurer of the
United States. A new assistant treasurer
required to give bond of that sum for re-
sponsibility to the United States quite nat
urally wants to know just how much money
he is taking charge Of when he goes IN.
The government also wants to know
whether the accounts of the former treas
urer were precisely straight. Therefore
every piece of money in the vaults of the
subtreasury is carefully counted. the pres
ent count shows that Mr.. JOrdans accounts
were perfectly balanced, and that he owes
nothing to the United States. Treasurer
Roberts will give Mr.. JordanS estate a re-
ceipt for every dollar in the subtreasury
at the time of the assistant treasurer
death, and Hamilton Fish the new assist
ant treasurer, will give Mr.. Roberts a re-
ceipt for the amount on hand. From that
time on Mr. Fish and his big bond will be
responsible for all the government money
passing through his hands.
G. c. BantZ deputy assistant treasurer
of the United States in this city, has been
in charge of the twenty-five clerks. who
have been counting the funds. He has been
the representative of the United States
treasurer. The committee has counted
s276, 900, coo, about $500 100000 of which has
been in gold coin. About $GO,OOO,OOO is in
silver dollars, and the remaining $16,OOO,OO0
in other money.
Money Held by the Government.
The total amount in the New York Office
Is about one-fourth Of that in possession
of the government. The remainder is held
in Washington and at the subtreasuries in
Baltimore, Philadelphia, Boston, Cincinnati,
Chicago, St. Louis, New Orleans and San
Francisco. The subtreasuries named hold
considerably more than the Washington
vaults.
In round figures the amounts at the dlr-
ferent subtreasuries outside of New YORK
are as follows: Baltimore, $1O,5Oo,oOo;
Philadelphia, $2O,O0O,OOO; Boston, $21,0
coo; Cincinnati, $4,000, 900; Chicago, S3o,0oO,-
600; New Orleans, Sal ,0O0OO San Francis
co, $50 600 600. Next to New York the most
important subtreasuries are those at San
Francisco and New Orleans
The bulk of the gold coin OF the United
States Is kept in New York and the bulk
of the silver in Washington In fact, COM
paratively little coin is kept in the vaults
of the treasury in this city. The reserve
fund of $3.50 600, 600 is not material fund,
separated from other money belonging to
the government. 1t is merely a matter of
bookkeeping. In the vaults in Washington,
however are held all the United States
bonds that are deposited security for
the circulating notes of national banks and
as security for deposits of government
money held by national banks of the cOun-
try.
The national banks of the United States
have about $154. 100000 of government
money much of it gold, subject to the call
Of the Secretary Of the Treasury. AS Sc
curity for this the treasurer of the United
States holds in trust about $154, 100000 of
government bonds of all classes. AS securi-
ty for the circulating notes Of national
banks there are also on deposit 1857 ,54S, 40
of United States bonds The vaults of the
treasury, therefore, hold SOIL, ,64S, ,47O of Sc
curities of all kinds belonging to the ma
tional banks of the country.