Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1864-12-09

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The act spprosel Nav ~. 1894. authorized
the Postmaster General 20 establish, under such
rules and regulations as be may End expedient
and necessary = Uniform money order system AZ
all post Offices which be nav deem suitable there
for !" and il further provided ihat this system
should be put into operation during the fiscal
year ending June 30. 1860
A superintendent and assistant have beer sP-
pointed. one hundred and forty lone post Offices
have been designated "a money order Offices, aud
the operation OF the system commenced on the
lst instant
The maximum amount for which money or
der can be issued IL fixed BY law at thirty dol
lars, the object OF the system being 20 afford q
cheap, immediate and safe agency for the trans
fer through the mails Of small sums Of money
The tendency 81 The system Is 10 exclude money
from the mails, the presence Of which IN letters
is frequent cause Of the loss OF correspond
ence, even when the letter does not contain
money The limit of Thirty dollars j. believed
10 be sufficiently large 70 include all that clsss Of
remittances now sent IN money through the mails,
bat n exceptional cases more than one order can
be procured. The average amount contained Ia
each money letter received al the dead letter OF
fee during the fiscal year 1862 vas 81 So: dur
ing 1868. il was 81 % aud in 1864. - IS show
INK that, a. rule, money remiltances by mail
made up in small amounts
I The mode BY which safety IN the transfer OF
money is secured, consists OF leaving out Of the
order the name OF the payee or party for whom
\ the money l. intended 10 this respect money
/ order differs from ordinary bank draft or
| check When a money order is applied for. the
postmaster will furnish the applican. with a
| printed form Of application, in which the latter
viii enter all the particulars OF amount, name,
address &c. required to be stated in the money
! order and advice From the items contained in
! auch onpiicatou tho rnz-t-r vii fill nm the
money order and also the corresponding form Of
advice The order. when completed Is handed
20 the applicant, upon payment of the sum ex
pressed therein and OF the fec chargeable there
on. BY the mail Immediately following the
issue OF money order, the postmaster trans
mits the corresponding advice to the postmaster
at the Office upon which il is drawn The letter
is thus furnished before the order itself can be
| presented. with the necessary Information to de
teci fraud, If any should be attempted
A money order is rendered invalid unless il is
/ presented 10 the postmaster whom IL is drawn
within ninety days from its date; but the Post
master General can issue new order on the ap-
plicatiOn Of the payee upon the payment of a
second fee The same course is to be pursued
should the order be lost In THE case. the yee
is to furnish statement under oath, that the order
has been lost or destroyed. accompanied By tho
certificate OF the postmaster that it has not beer
paid and wall not be paid IL thereafter presented
The payee may transfer his order to another party
by his Endorsement to that effect: but more thar
one Endorsement is prohibited Persons, there
fore. residing at places in the vicinity OF thos,
designated IN the list OF money order Offices car
; generally avail themselves of this system
Ia com mencing the money order business, /,
has been deemed expedient to begin with tn,
larger Offices and extend |. to Others as rapidly
as possible Measures will also be taken for il
introduction in the army
The establishment OF the system in this cOun
try will DO doubt lead 10 arrangements for tn,
, interchange of international money Orders with
the several foreign countries with which We hav,
direct postal relations
BY the eleventh section of the abov,
referred TO, p0stmasters are prohibited from
depositing any bank money order fun d
of which they have the custody
would respectfully suggest that the bushes
would be facilitated By enabling the postmaster
having moneys from this source 10 deposit in th
National Banks designated by the Secretary o
the Treasury repositories of the public
moneys, TO their own credit. aud OF their owl
risk and thereby relieve the department from th
necessity of furnishing vaults and safes Sub
stantial advantages would also result to the pub
: lie interests by permitting all deputy postmaster
to deposit in these banks any public moneys il
their hands, under like conditions; and recon
. mend such modification o; the law : will author
ize such deposits to be made under the direction
OF the Postmaster General.