The Treasury Club : a Story of the Treasury Department, Illustrating How Important a Factor is Money in Our National Life
The Treasury Club : a Story of the Treasury Department, Illustrating How Important a Factor is Money in Our National Life
William Drysdale
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They are for the safe-keeping of the public funds; but even these are not enough, and additional public funds are kept on deposit in nearly two hundred national banks throughout the country, which have been specially 210 THE TREASURY CLUB. designated as depositories. These banks are allowed to hold deposits up to a certain sum, according to the amount of the bonds they have deposited with the Treasurer; and when that limit is reached and passed, they must send the surplus to the nearest subtrea...sury.** "We in the Treasury," Harriet interrupted, "can see that the system is about as complete as it can be made.** "Yes, it is,** the Colonel resumed. "Now you see where the government keeps its money : in the Treas- ury, the subtreasuries, the mints, and in certain national banks. To keep all accounts straight, there is a comptroller, and there are six auditors* offices. Every dollar paid out is at one time or another the subject of an accounting by the auditors. There is an auditor especially for the Treasury Department, who examines all accounts relating to expenditures for Treasury services.
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