The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1909-11-08
OPERATION A TEDIOUS ONE
Work oeeasioned by the Advent Of a
ew Treasurer-lee MeClung Sue
ceedina Chas. n. Treat-Cash and
Securities on Hand.

is being held in the vaults and safes
~ Washngton of the United states
treasury Tbs count marks thu
change Of United States treasure,
when tuok place Monday, when
Charles II. Treat was succeeded by
Lee McCmng
Four years and -four months ago,
when Mr.. Treat succeeded Ellis II.
Roberts. Uncle Sam was weathier
than he is now, and the total amount
of funds and securities counted, a
v,rk of nearly three months VAS
Sl.2i959S.27S.5S
An average OF thirtyiiyc clerks a
day were engaged in hat count, and
In the one now on the average will
be at least thirty Of the most eN-
per. money handlers to be found. Su
perNi5ng the work will he a com
mittcc OF three mon, appointed by
the secretary the treasury They
are f. B Daskam and \ T. Huut
ngtcu. representing the retiring
treasurer Mr. Treat and Arthur r
Brice, formerly cashier of the Rigg,
National bank, representing the in.
com ne treasurer Mr.. McCmug
The billion and firth of funds Is
being counted with the greatest care
and at the close of the work II the
accounts show up all right, as com
pared with the amount received by
MIR Treat from Ellis II Roberts.
I triplicatc receipts will be issued and
, exchanged, one going to the secge-
tary of the treasury for the archives
cf the government, one going to the
retiring treasurer and an ther to IN,
incoming treasurer.
1t is a bic job now on the hand
Of the committee The count does
not extend to the various subueas.
urics Of the United States. Much
u Uncle Sans money is distributed
in these subtroasurieg, but the as
s'staut ucasurors at the different
/ cities are resp usiblc to the govern
ment. giving heavy bonds. The as
5istant United States treasurer in
New York gives a bond Of s6OO,Ooo
but the United States treasurer
gives bond OF only Sl50,0O0
During Treasurer Treats admins
tration no money was lost from the
treasury in this coity There were
however, rObberies f the sub-treas-
uries in Chicago ST. Louis and Bos.
ton. that in Chicago amounting TO
over 100000. The thief has never
been discovered or punished
Uncle Sam has been running be-
hind to large extent in the last
two years and that accounts for the
difference in the money on hand
four years and more ago and at this
time. The difference would be mucn
greater than iGpears in the actual
figures, but for the fact tina, there
has been a large Increase in the last
four years in the amount OF bond
held in trust by the treasurer as Sc.
curity fer the circulation of nation,
al banks and deposits with them
There is ON hand at this time ap.
prONlmatcly $73J 600 600 of bonds
held in trust, while the amount when
Mr.. Treat took charge was lea
than $6OO,OOOO 900 The big loss in
cash and other funds is due to the
heavy deficits Of the last few years
The present count will take IN
every cent, and every security held
In eleven vaults and ten safes. There
are three or four more vaults In
the treasury, but two of these be
long to the comptroller Of the cur
, rency and In them are contained
e unissued currency for national bank.
OF the country. The contents Ct thes,
vaults are occasionally counted un
der the direction of the comptroller
who Is responsible for them, anC
not the treasurer
OF the 81 ll75 100000 to be HANDLED
F3O,OOO,OO0 is in United State
bonds held in trust 1851, 900, 900 o
reserve gold and silver certificatei
and United States notes held for tn,
. usual processes OF redemption o
wornout currency; sl56,OOO,OOO IL
silver dollars, nearly a million dol
, lars in subsidiary silver abcut 50,
, 100000 in gold coin and various eth
2 er Items, The $3.50 100000 gold re
, serve is not held in Washington
alone, being scattered throughout III,