#: locale=en
## Tour
### Title
tour.name = Treasure's Office
## Skin
### Button
Button_1B998D00_16C4_0505_41AD_67CAA4AAEFE0.label = STATE TREASURER
Button_1B9A5D00_16C4_0505_41B0_D18F25F377C4.label = PHOTOALBUM
Button_86E27D76_A762_13AA_41A5_BE0E9060B973.label = ROOM INFO
Button_AE2F67F7_BA31_A87B_41E4_180701721790.label = PLAY AUDIO
Button_CE0C691B_D8F6_FBE5_41A6_6C10E8961A1E.label = ROOM INFO
Button_CE11591D_D8F6_FA1D_41E6_17ABE879C9CC.label = PLAY AUDIO
Button_CE12891E_D8F6_FA1F_41E1_8B0D38AF00BE.label = STATE TREASURER
### Multiline Text
HTMLText_0B42C466_11C0_623D_4193_9FAB57A5AC33.html =
HTMLText_0B4B0DC1_11C0_6277_41A4_201A5BB3F7AE.html = john doe
licensed real estate salesperson
Tlf.: +11 111 111 111
jhondoe@realestate.com
www.loremipsum.com
Mauris aliquet neque quis libero consequat vestibulum. Donec lacinia consequat dolor viverra sagittis. Praesent consequat porttitor risus, eu condimentum nunc. Proin et velit ac sapien luctus efficitur egestas ac augue. Nunc dictum, augue eget eleifend interdum, quam libero imperdiet lectus, vel scelerisque turpis lectus vel ligula. Duis a porta sem. Maecenas sollicitudin nunc id risus fringilla, a pharetra orci iaculis. Aliquam turpis ligula, tincidunt sit amet consequat ac, imperdiet non dolor.
Protecting California's Financial Assets
THE TREASUER'S OFFICE OF 1933
A new steel vault was constructed in 1928. By that time, a series of California Bank Acts allowed for the deposit of state funds in commercial banks. State bonds and securities, rather than gold and silver, now occupied the majority of the vault's space.
By 1933 however, the Great Depression was devastating California and on March 1, 1933, the State of California withdrew all of its unsecured funds from private banks and placed them in the Treasurer's vault. Two days later, Governor James Rolph, Jr., declared a mandatory three-day banking holiday in an effort to prevent a run on California's banks. The day-to-day operations of the Treasurer's vault were greatly affected.
In the 1930s, the Treasurer's vault had been divided into two sections by a seven-foot-high metal grill containing a door that allowed passage between the two sections. One side housed the vault officers' desks. The vault officers were in charge of delivering and receiving authorized bonds, as well as maintaining security over the vault and its contents. On the other side, a deposit officer kept track of the daily sales and receipt of bonds and securities. The deposit officer also prepared the monthly report to the State Controller, which listed the state's investments as well as the contents of the vault.
The steel vault was used until 1975, when the Capitol Restoration Project began and the State Treasury was moved to its current location at 915 Capitol Mall, across 10th Street from the State Capitol. The vault at Capitol Mall is an example of modern-day technology. The 23-ton main door is made of a combination of various metals and concrete designed to prevent drilling and torching. It has a combination lock that requires two people to open it. The vault contains three airlocks and two emergency ventilators to provide air to anyone who might become locked inside. Sound and motion detectors that are linked to an alarm system electronically survey the area surrounding the vault.
Truman Reeves
STATE TREASURER 1899–1907
COPIED TEXT FROM: https://rahs.org/photo/reeves-truman/
Truman Reeves, treasurer and tax collector of San Bernardino county, was born August 17, 1840, at Chardon, Geauga county, Ohio. He was a farmer boy until 1858, when he took up the trade of watchmaker. In 1861 he enlisted in the 6th Ohio volunteer cavalry for three years, and re-enlisted in January, 1864, to serve during the war. January 5, 1865, he was discharged from service, having lost his left arm from a wound received at the battle of Cold Harbor, Virginia. Mr. Reeves enlisted as a private, but returned to Ohio as a second lieutenant and brevet first lieutenant. After his return he held several honorable positions in Ashtabula County, Ohio, and in 1875 he came to San Bernardino, where he carried on a jewelry business for fourteen years.
In 1883 he purchased ten acres of land in what was then Lugonia, and is now a part of Redlands. The same year he planted this land to oranges, peaches and apricots, and, afterward, having the greater confidence in oranges, he replaced the other fruits with orange trees. Upon this land, in 1890, Mr. Reeves built a house, the middle part of which was the first school house in Lugonia, and was erected in October, 1877.
Between 1882 and 1885, Mr. Reeves served two terms in the legislature of California. The first term he was the only republican member elected from Southern California. The second term he had two republican companions, from Los Angeles. In 1890 he took the recorded indebtedness of the Seventh Congressional District, for the United States census. In November, 1890, he was elected county treasurer, and has held the office continuously since the first Tuesday in January, 1891; the duties of tax collector having been added to the duties of treasurer.
Protecting California's Financial Assets
THE TREASURER'S OFFICE OF 1906
The office of the State Treasurer, originally established to collect taxes and guard California's money, now produces state funds through investment and the selling of bonds.
The State Treasurer's responsibilities during the early 1900s were to oversee the collection of taxes and to ensure that collected funds were safely guarded. A series of California Bank Acts significantly changed and expanded the Treasurer's role by allowing state funds to be deposited in commercial banks.
For the first time, these Bank Acts allowed the investment of state funds and established the Treasurer as overseer of those investments. As a result of these acts, today's Treasurer is also responsible for raising revenue by selling bonds and, as Chairperson of the Pooled Money Investment Board, overseeing the investment of inactive funds. In effect, the Treasurer is the State's tax collector, banker, guardian of funds, and asset manager.
As part of these responsibilities, the Treasurer serves as a consultant to the Governor, the Speaker of the Assembly, and the Senate President pro Tempore, reporting on the condition of the budget. He or she also proposes bills to the Legislature that help finance California's public institutions and stimulate the economy. The Treasurer, however, does not decide how money will be spent. That is the Legislature's role.
The Treasurer is elected by popular vote for a maximum of two, four-year terms. Should the office of Governor be vacated, the Treasurer is fifth in line to succeed to the office.
Charles G. Johnson
STATE TREASURER 1923–1956
COPIED TEXT FROM: https://en.wikipedia.org/wiki/California_State_Treasurer/
Served as California State Treasurer, 1923–1956. From 1913–1921, Johnson served as State Superintendent of Weights and Measures.[1] He was the longest-serving state treasurer. He was forced to resign on October 31, 1956 after stories began to emerge over him funneling state funds into personal loans.
Letterpress
This cast iron letterpress was the “Xerox” or photocopier of its day. Copies of handwritten documents could be made by placing the original next to dampened pieces of blank paper and then pressing them together. Multiple copies or “squeezes” were made as the ink bled from the original and transferred to the neighboring blank sheets. This lessened the number of clerk copyists needed in the office.
Vault doors with bear
As the State’s banker, the Treasurer had the responsibility of caring for the State’s revenues. When first used in 1869, the steel-lined vault with solid iron doors often held $7,000,000 in gold and silver coins. After the 1907 California Bank Act, the money was removed from this vault and deposited in commercial banks.
Treasurer's Desk
This desk was likely used by the Treasurer’s Office clerk and bookkeeper to prepare financial reports. These daily reports were then sent to the State Controller’s office.
Letterpress
This cast iron letterpress was the “Xerox” or photocopier of its day. Copies of handwritten documents could be made by placing the original next to dampened pieces of blank paper and then pressing them together. Multiple copies or “squeezes” were made as the ink bled from the original and transferred to the neighboring blank sheets. This lessened the number of clerk copyists needed in the office.
Stove and Fireplace
This marble fireplace originally burned coal to heat the room. However, heating the rooms this way proved ineffective, so coal-burning heating stoves were later installed to better disperse the fire’s warmth throughout the room. The coal-burning stoves vented through the defunct fireplace flues.
Letterpress
This cast iron letterpress was the “Xerox” or photocopier of its day. Copies of handwritten documents could be made by placing the original next to dampened pieces of blank paper and then pressing them together. Multiple copies or “squeezes” were made as the ink bled from the original and transferred to the neighboring blank sheets. This lessened the number of clerk copyists needed in the office.
Adding machine
This mechanical adding machine was an indispensable timesaving device for banking and office personnel in the early 1900s. This model, made by Burroughs, recorded daily receipts and is essentially a precursor to the modern adding machine.
Vault doors with bear
As the State’s banker, the Treasurer had the responsibility of caring for the State’s revenues. When first used in 1869, the steel-lined vault with solid iron doors often held $7,000,000 in gold and silver coins. After the 1907 California Bank Act, the money was removed from this vault and deposited in commercial banks.
Elevator doors
Within the 1929 vault is an elevator that accessed further space below in a much larger, underground vault. Anywhere from $200 million to $2 billion in securities and bonds were kept in this multi-story vault.
Large Bonds
After the California Bank Act of 1907, the State Treasurer began depositing the government's money in banks where it could earn interest. As a result, state bonds replaced earlier stockpiles of cash. These 15-inch square, unsold bonds were stored in steel file lockers inside the Treasurer's vault.
Underwood large bond typewriter
The large state bonds kept by the Treasurer needed a specialized typewriter that could accommodate the large paper on which state bonds were printed. This extra wide typewriter has a 26-inch carriage.
Stove and Fireplace
This marble fireplace originally burned coal to heat the room. However, heating the rooms this way proved ineffective, so coal-burning heating stoves were later installed to better disperse the fire’s warmth throughout the room. The coal-burning stoves vented through the defunct fireplace flues.
Adding machine
This mechanical adding machine was an indispensable timesaving device for banking and office personnel in the early 1900s. This model, made by Burroughs, recorded daily receipts and is essentially a precursor to the modern adding machine.
Mini vault and vent
Air flow and ventilation were essential for the vault interiors, and required special duct systems. The vault housed a vent that could be opened during times of operation, and closed and secured with another, two-foot vault door during the night.
Money bags
The gold and silver coinage was stored in the walk-in vault in trays and canvas bags. Money bags such as these could contain $20,000 in gold pieces and weigh 75 pounds.
Modern light
This light is one of three hanging light fixtures that illustrates the modernization of the décor as well as the complete transition to electricity for lighting in the Capitol Building by the 1930s. The primary source of electricity is no longer the chandelier in the center of the room, as it is in the older historic offices, but rather is wired through the walls similar to electricity today.