Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-11-04
THE CITY.

TRANSMISSION OF MONEY BY MAIL-The
postal money-order system went into effect
in this city on the Ist of November, but it is
not yet thoroughly understood, and wegive
asketch of the process: 1t is intended to
promote public convenience by affording a
cheap, immediate and safe agency for the
transmission through the mails of small
sums of money for which bank crafts can
not 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 Intended
In this respect 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 an application, in which the latter
will enter all the particulars of amount,
name, address, &c, required to be stated in
the money-order and advice. From the
items contained in such application the
Postmaster will fill up the money-order
and also the corresponding form of advice.
The order, when completed, Is handed to
the applicant, upon payment of the sum ex-
pressed therein and of the fee chargeable
thereon, aohich fee must Invariably be paid in
money. postage stamps not being receivable
therefor. BY the mail Immediately follow
ing the issue of money-order, the post
master transmits the corresponding advice
to tn postmaster at the office upon which
it Is drawn. The latter is thus furnished,
before the order itself can be presented,
with all necessary information to detect
fraud, if any should be attempted. -.e
Any office may draw upon any other
Office in the list of money-order offices for
sum, upon one order, from one dollar to
thirty dollars. But when larger sum than
the latter is required, additional orders to
make it up must be obtained.
Rates of commission charged for money
orders:
Over $40 and not exceeding 800. Is cents.
Over $50 and up to $50. 20 cents.
No money will be received for notes ex-
cept coin, United States notes, or notes of
the National Banks; and orders cannot be
paid in any other currency. A money or
der Is rendered invalid unless it Is present.
ed to the postmaster on whom it is drawn
within ninety days from its date; but the
Postmaster General can issue new order
on the application of the payee upon the
payment of second fee. The same course
is to be pursued in case the order is lost
In this case, the payee is to furnish state
ment, under oath, that the order has been
lost or destroyed, accompanied by the GER
tificatc of the postmaster that it has
not been paid, and will not be paid If
thereafter presented. The payee may trans
fer his order to another person by indors-
ing it upon the back. Persons, therefore,
residing at places other than those desig-
mated in the list of money-order offices can
avail themselves of the advantages of this
system; but an order cannot be indorsed
twice. In commencing the operation of the
system, it has been deemed eXpetlientto be-
gin with the larger postolices only. A
list of money-or1er offices will be found at
the postoffice in this city. The total num-
Der in the United States is one hundred
and thirty-nine. Should circumstances
warrant, the number will speedily be in
creased. t...