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In the United States, there is no licensing requirement to be a paymaster. However, a paymaster often is a licensed lawyer, due to the security and safety issue that lawyers in the United States are required to hold any funds that do not belong directly to them in an "Attorney's Trust Account" (also known as an IOLTA account), which is monitored by the state bar, in the state in which the ...
Paymaster check writers are still in regular use in 2021, used to prepare money orders and cashier's checks, by such entities as the United States Postal Service, convenience stores, and by financial institutions such as banks, checking exchanges, and savings and loans, although the company was closed by 2000. [2] [1]
The United States Army Finance Corps is a combat service support (CSS) branch of the United States Army. 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 Paymaster of the Marines was established in 1831 following the abolition of Marine Pay Department within the Admiralty that had its own paymaster for the marines. This office holder was part of the Navy Pay Office under the Treasurer of the Navy. The post holder was responsible for processing payments to the Corps of the Royal Marines until ...
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."
In 1971, after years of high inflation, especially in the food and energy sectors, President Richard Nixon shocked the world by "ordering a freeze on all prices and wages throughout the United ...
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William Smith (March 26, 1831 – January 17, 1912) was a career officer in the United States Army.A Union Army veteran of the American Civil War, he served from 1861 to 1895 and was most notable for his service as Paymaster-General of the United States Army from 1890 to 1895.