Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1864-11-10
Transmission Of Money by Mail.

The postal ey-order system is to be put
into operation in this city, and at other desig-
mated points throughout the country, on the
lst of NOvnnhnr 1t il intended tn nrOmote
public convenience by attordlng 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 money order differs
from an ordinary bank draft or check. When
a money order is applied for, the postmaster
will furnish the applicant with a 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.
The order, when completed, is handed to
the applicant, upon payment of the sum ex
pressed therein and Of the fee chargeable
thereon, aChich fee mast Invariably be paid IA
money, postage stamps not being receivable there
| for. By the mail Immediately following the
issue OF a 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 orde
| itself can be presented, with all necessary in
| formation to detect fraud, if any should bt
| 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 dol
2arS. But when larger sum than the Iattel
is required, additional orders to make it W
must be obtained. .-. ..
Rates of commission charged for money
orders:
On orders not exceeding S10............lO cents
Over $40 and not eding $40. Is cents
Over $50 and up to $50. 20 cents
No money will be received for orders ex
cept coin, United States notes, VI notes o
the National banks, and orders cannot be paiC
in any other currency. A money order i
| rendered invalid unless it is presented to tht
postmaster on whom it is drawn within nine
ty days from its date; but the Postmaster
General can issue new order on the appi
cation OF the payee upon the payment of 6
second fee. The same course is to be pur
sued in case the order is lost. In this case
the payee is to furnish a 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 viii
not be paid if thereafter presented The
payee may transfer his order to another per.
son by endorsing it On the back. Persons
therefore, residing at places other than those
designated in the list of money order offices
can avail themselves Of the advantages OF
this system; bat 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
will speedily be increased. -.-a