OF EDWARD J. WILLIAMS, DISBURSING OFFICER
Sir: I have the honor to
submit the following report of the disbursing department on the Isthmus
the efficiency of the automatic cashiers placed on the pay car last year
for expediting payment of fractional parts of a dollar, I was enabled to
reduce the pay car schedule from four days to three April of this year.
Panama currency has been of sufficient volume during the past year to
care for the labor payments, while it has only been necessary to bring
down from the United States $500,000 in $20 gold pieces and
$10,000 in United States 50-cent pieces, in order to keep United
States currency on the Isthmus for our needs.
Respectfully, EDWARD J. WILLIAMS,