Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1864-11-12
Transmission Of Money by Mail.

The postal money-order system is to be put
into operation in this city, and at other desig-
mated points throughout the country, ON the
LIST of November. 1t is intended to promote
public convenience by affording a cheap, i'm
mediate and safe agency for the transmission
through the mails of small sums of money for
which bank drafts cannot readily be procured.
The mode by which safety is secured consists
in leaving out of the order the name of the
payee or party for whom the money is intend
ed. In this respect a money order differs
from an ordinary bank draft or check. When
money order is applied for, the postmaster
will furnish the applicant with printed form
of application, in which the latter will enter
all the particulars of amount, name, address,
&C.. required to be stated in the money or
der and advice. From the items contained
in such application the postmaster will fill up
the money order and also the corresponding
form of advice. e
The order, when completed, is handed to
the applicant, upon payment of the sum ex-
pressed therein and of the fee ehargeable
thereon, Which fee must iaavariGbly be paid IN
money, postage stamps not being receivable there
for. BY the mail Immediately following the
issue OF money-order, the postmaster trans
mits the corresponding advice to the post
master at the Office upon which it is drawn.
The latter is thus furnished, before the order
| itself can be presented, with all necessary in
formation to detect fraud, if any should be
| attempted.
ANY office may draw upon any other Office
in the list of money order offices for a sum,
upon one order, from one dollar to thirty dot
lars But when larger sum than the latter
is required, additional orders to make it up
must be obtained. Tt4 sbc..
Rates of commission charged for money
orders: .;,,sss,.< ....-e-.-.T
On orders not exceeding S10...-......1 10 cents.
over $40 and not exceeding $50 Is cents.
Over $40 and,pp to SS0........L...... 20 cents.
No money will be received for orders ex-
cept coin, United, States notes, or notes of
the National banks, and orders cannot be paid
in any. other currency. money order is
rendered invalid unless it is presented to the
postmaster on whom it is drawn within nine
| ty days from its date; but the Postmaster
General can issue new order on the appli-
| cation of the payee upon the payment of a
second fee. The same course is to be- pur-
sued in case the order is lost. In this case,
the payee is to furnish statement, under
oath, that the order has been lost or destroy
ed, accompanied by the certificate of the
postmaster that it has not been paid, and will
not be paid If thereafter presented. The
payee may transfer his order to another per-
son by endorsingit on the back. Persons,
therefore, residing at places other than those
designated I'm tiIc list Of Iuvrvy sordo. 0fIIvvs
can avail themselves of the advantages of
this system; but an order cannot be endors
ed twice. In commencing the operation of
the system, it has been deemed expedient to
begin with the larger Offices only. "A list of
money-order offices will be found at the post
Office in this city. The total number in the
United States is one hundred and thirty-nine.
Should circumstances warrant, the number
win speedily be increased. ios.a -