Legislative Branch Appropriations For; Hearings Before a Subcommittee of the Committee on Appropriations, House of Representatives Volume 1 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: ...an increase of 1,283 per cent. Now, Mr. Barnes, who is the assistant superintendent of the national bank redemption agency, can tell you that the notes presented in his division for redemption in 1918, or only last year, amounted to $600,750,925, while this last fiscal year they have presented $1,226,322,712.50. The national bank agency has handled the increased volume of currency presented for redemption at a cost of 43 cents per thousand dollars in 1919, as compared with a cost of 68.7 cents per thousand dollars in 1918. That shows you that they have handled more than double the amount of currency with a decrease in the cost of about 33 per cent. Mr. Wood. I see that your appropriation for 1920 is $778,170. What funds did you have in addition to that for 1920? Mr. Tiiiel. We had no other roll. We had the postal savings roll, which is very small. Mr. Wood. Will von have to have a deficiency appropriation for 1920? Mr. Thiel. I do not think so. Mr. Barnes may have one. Mr. Barnes. We have had two deficiencies. Mr. Wood. What division is that? Mr. Thiel. Mr. Barnes represents the national bank redemption agency, but all of the cost of running that agency is reimbursable. Mr. Wood. Is that a part of the Treasurer's office? Mr. Thiel. Yes, sir; but all of that expense is reimbursable. Mr. Wood. What I am trying to get at is this: For 1921 you are asking an appropriation of $1,036,660, and you state that the net increase in your office force expenditures is $59,910. Mr. Thiel. That includes the number of people on the bond roll. They make up the difference. We propose to transfer them to the statutory roll. Mr. Wood. How much of that proposed statutory roll was paid from the bond roll? Does that make the difference between vour estimate and the...