Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1864-12-02
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, to-mor.
row, the lst Of November. It is intended to
promote public convenience by affording q
cheap, immediate and safe agency for the
transmission through the mails Of small sums
Of money for which bank drafts cannot read,
Ily 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 OF
check. When a money order is applied for
the postmaster will furnish the applicant with
a printed form of application, in which the
later will enter all the particulars Of amount
name, address, etc., required to be stated in
the money order and advice. From the items
contained IN such application the postmaster
will ELL up the money order and also the cor
responding form Of advice. 49,.
The order, when completed, is handed to
the applicant, upon payment Of the sum ex-
pressed therein and Of the fee chargeable
thereon, which fee must invariably be paid in
money, postage stamps not being receivable
therefor. By the mail Immediately following
the issue of money order, the postmaster
transmits the corresponding advice to the
postmaster at the Office upon which it is
drawn. The latter is thus furnished, before
the order itself can be presented, with all the
necessary information to detect fraud, If any
should be attempted.
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 dol
lars. But when larger sum than the latter
is required, additional orders to make 1t up
must be obtained.
Rates of commission charged for money
orders:
On orders not exceeding $40 ........-.. 10 cents.
Over $40 and not exceeding $40. ....--- Is cents.
Over so and up TO $50. ---.--.------.. 20 cents.
No money will be received for orders eI-
cept coin, United States notes, or notes Of the
National banks, and orders cannot be paid in
any other currency. A money order is rem
dered invalid unless it is presented to the
Postmaster on whom it is drawn within ninety
days from its date but the Postmaster Cen
eral can issue new order on the application
Of the payee upon the payment OF a second
fee. The same course is to be pursued IN
case the order Is lost. In this case, the payee
is to furnish 4 statement, under oath, that
the order has been lost or destroyed, accom-
panied by the certificate Of the Postmaster
that it has not been paid, and will not be paid
il thereafter presented. The payee may
transfer his order to another person BY en-
dorsing il upon the back. Persons, there
fore. residing at places other than those des-
ignated in the list Of money order Offices, can
avail themselves Of the advantages Of this
system, but an order cannot be endorsed
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 ottices will be found at the post Office in
this city. The total number in the United
States il one hundred and thirty-nine. Should
circumstances warrant, the number will
speedily be increased.-ABas,y Journal.