The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-01-14
:. :. .....:..:...:*..... 49,: 49,: >
. ENGRAvES AND PRINTS ::
DOCUMENTS WORTH :.
. NEARLY $1,000, 100000. :.
= :. !. :: I: = :. :. -. :. - = :

Washington-The annual report of
the director of the bureau OF engrav-
ing and printing shows that the vol
ume of business for the year had a
face value of 1885, OO0,433, and the
cost of doing il was $4,500,000.
Included i'm these figures are all
United States notes. bonds. national
bank notes, custom stamps. internal
revenue stamps, postage stamps and
postal cards for the Philippine islands.
The cost of printing by the 1000
sheets for United States currency is
SS5,242, regardless of denomination;
United States bonds, $7l,73S inter-
nal revenue stamps. surface printed,
81 1886: internal revenue stamp, plate
printed. S17,421; customs stamps, $l1,-
96S; checks, drafts, etc, $40,127.
Il AS money making institution,
from one point of view, the bureau of
engraving and printing is wonder.
The defand for its output is based
upon the laws of Congress wholly out
side the control of the bureau itself.
What profit there is comes from inter-
nal revenue stamps. which represent
value received from some one else
| Postage stamps are also a source OF
| profit, aside from the comparatively
small cost of printing, distribution ant
sale.
When Il. c. Madden was second as
sistant postmaster general he started
selling postage stamps in book form
l. | IN
makes profit running into hundred
of thousands of dollars from thes
books. Some of the internal revenu
stamps are also source of profit, rep
= resenting in value hundreds of time
their cost
: The great presses in the bureau o
engraving and printing, it has been es
= tablished, travel greater distance eac
g year than any other known physica
[ agency i'm the country. on these pres
: es are printed all the note. stamp an
bond work of the government. In TN
o last year they ran off 252,710,S64 sheet
o containing notes or NATIONAL bank cur
= rency, bonds, postal cards and all kind
n of stamps.
S The bureau saved To the governmeT
If $l72,967 as compared with the cost
II work delivered in the year before. II
work of the bureau has become s
h heavy that Congress has made an al
N preparation for the radical enlargemei
l. of the bureau buildings, which star
,r i'm lower Fourteenth street, near Il
is Washington monument. The plans a
" being made and the work of constru'
J., ton will begin soon.
~ The new buildings for the state d.
# partment. department of justice al
n department of commerce and labor, 4
which plans are now being prepare
IN will stand within few blocks of &
~ bureau of engraving and printing, wi
NJ the hall between them.
81 The various plans which are und
ts way for providing larger and mo
~ commodious quarters for the COVER
ment will not he halted Ny q
election. The government no
l.. withstandmg its large amount
=. building in this city in q
- last 10 years. is still paying rent
about 5000 900 a year. 1t is the desi
:, of Congress to catch up with the rar
a., growth of business as rapidly as pc
=. sible. This growth began shortly
ter the Spanish war and has sin
then been continuous.
Whole executive departments ha
been expanded from 80 to so per &c