This system renders the Treasury
Department practically independent of the banks of the country. It
includes the Treasury at Washington and sub-treasuries, each in
charge of an assistant treasurer at Boston, New York, Philadelphia,
Baltimore, Cincinnati, Chicago, St. Louis, New Orleans, and San
Francisco. While the greater part of the money belonging to the
government is found in these places, about two hundred National
banks have also been designated as public depositories.
The Chief of the Bureau of Engraving and Printing.--The
Bureau[51] of Engraving and Printing is one of the largest in the
department and employs about 1600 people. It has been said that the
products of this bureau, in the course of a single year, represent
a sum equal in value to all the money in circulation in the United
States; for here the engraving of the plates and the printing of
all the United States circulating notes, bonds, revenue stamps, and
postage stamps are done.
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