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A paymaster is a neutral third party and has no knowledge of any particulars of the transaction. They handle the incoming commissions, and then disburses the funds accordingly. In return for their services the paymaster charges a small fee, which is paid directly to them out of the commission proceeds prior to disbursement.
On 26 October 1944 the whole accountant branch name was changed from paymaster to supply and secretariat, and the word paymaster was dropped from its place in front of the rank, e.g. a paymaster commander became a commander (S). Thus, in late 1944, the supply officer came into being (see The Naval Review [3]).
Paymaster Corporation was a Chicago-based company that manufactured and sold the Paymaster mechanical check writers, which could be found at post office branches, financial institutions, and small businesses in North America throughout the twentieth century.
By 1852, the rank of purser was renamed Paymaster of the Navy, a distinct rating of Clerk's Assistant was created, for boys between 15 and 18, who took the same examinations on entry as naval cadets and had to serve for two years in the rank prior to promotion to clerk. [5]
Prior to the 19th century, each regiment had its own civilian paymaster and the first commissioned paymaster was introduced in 1792. In 1870 a Pay Sub-Department of the Control Department was formed; an officer-only establishment, it gained autonomy as the Army Pay Department in 1878. [ 1 ]
The office of the Paymaster General was created through a resolution of the Continental Congress on 16 June 1775, which established "That there be one Paymaster General, and a Deputy under him, for the Army, in a separate department; that the pay for the Paymaster General himself be one hundred dollars per month, and for the Deputy Paymaster under him, fifty dollars per month."
The City Controller is the paymaster and chief accounting officer of the city. Along with the Mayor and the City Attorney , the City Controller is chosen by popular vote every four years. The position began in 1878 as the Los Angeles City Auditor and in the early days included secretarial duties for the Los Angeles Common Council as part of the ...
The Finance Corps traces its foundation to 16 June 1775, when the Second Continental Congress established the office of Paymaster General of the Army. [1] The Pay Department became a separate department in 1816, and the Finance Department was created by law on 1 July 1920. [2] [1] It became the Finance Corps in 1950. [3]
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