The Republican. [volume] (Oakland, Md.) 1877-current, 1881-12-10

tons by natives of different countries
at one and the same moment. Now,
vast that little singularP" The re-
porter admitted that it was, and then
asked, ''Do you ever have any trouble
or complaints about money orders?"
Every few and even these are gener-
ally on account of the ignorance of the
dissatisfied parties regarding the dispo-
sition of the order. AS an instance, a
German came in here one day, and, APP
preaching me very angrily, said that
this was fine way of doing business.
He had gotten money order some five
days previously, made out in favor of
his wife, who was in Philadelphia, and
who desired to come home. This money
was to pay her fare. She had, however,
never received it, and was compelled to
home with. / thought this rather
strange, and, noticing my doubling
look, he suddenly plunged his hand
into a capacious pocket, saying that he
could prove his assertion by showing
his receipt, and 10, and behold, he drew
out the money order. Of course, Then
knew where the trouble was, and when
l explained to him that he should have
sent the order to his wife, he seemed
dazed at first. then his face broke into
a broad grin, and, with the remark, L
always thought l was fool, now l
know it, slowly walked out of the Of
fee. l could tell you half dozen such
Incidents.
According to recent statements"
said the reporter, "there appears to be
a large amount of money accumulated
in the Sub-treasury at New York" q
=" Before you go any farther said
Mr.. Dougherty, g l want to say that
there is some misunderstanding regard
ing this money. Many suppose that it
was collected in New York alone. In
this, however, think they are mistaken.
1t is money accumulated from invalid
money orders from all over the coun-
try and some of the orders date back to
the time of the organization of the money
order department, now about seventeen
years. You see, New York is the for
eign as well as the domestic exchange,
and all surplus is sent to the Postmaster
at New York, who in turn deposits the
moneys in the Sub-treasury at that city.
The money orders which become in
valid, one year after date are sent to the
department at Washington, where they
are placed on file. In the meantime,
should the payer present himself at the
office after that time we make applica-
ton on his behalf to the department at
Washington, which then authorizes us
to make the payment t
You say that you send all surplus
funds to New York; howdo you man
age when you run short?'' rs &i
That is something we never allow
to occur, and in fact from the systemat-
ic manner in which everything is ar.
ranged such thing can not occur. The
money order system is nothing more
nor less than an immense banking con-
Germ, in which there is no capital in
vested and none necessary. have al
ready told you that New York is the
exchange. The smaller offices send
their surplus to the nearest main office,
whence in turn the entire amount is
: remitted to New York. At the same time
every Office, large and small, has an ac-
count with the Postmaster at New
York, and is credited with a certain
amount, which it can draw when nee
essary. When that amount is exhausted
| II T6IlOWdI Vi tAlC dCCOuHb 10 HCCOOStl
: Now our limit is $4,000, and [ draw
for S2, 600 at time as I need it. When
this amount is exhausted l make appli-
: cation to have the account renewed. In
this way we are always kept supplied.
: During the great panic in 1873, when
the banks were not considered safe, we
transmitted an immense sum of money.
In the month of September alone paid
out at this office $125,000. This is
: what is termed paying office; in other
: words, we pay out about five times as
much as we receive. During the last
wear we cashed co. 19 orders, amount
inc to 1,515, 307 40, and we issued IS,
t 245 orders for 1925, 116.10. AS the bust
3 ness is continually increasing, these
amounts will be swelled considerably
by the close of the present year"
"Have you many invalid orders on
hand at present."
"Only few, and these will be sent
3 to Washington in day Or two. l have
: about 81, 900 worth, however, that are
t unclaimed-that is to say, they have
5 been lying here for long time. Here
is a lot, all belonging to one man, and
; here is another. belonging to a single
1 individual. They are merchants, we'll
a known here, but do not seem to be in a
5 hurry to get their money. One of these
allowed couple of orders to remain
u longer than one year, and thinking that
his money was lost, he gave his orders
: -one for fifty dollars and another for
!; five dollars-to his wife, telling her
/, iocularly to make use of them. The
: lady came here and asked whether
: these orders were of any account Upon
!. being informed that they were, she
a thought this an excellent joke on hel
: husband. l made application for her
;, and in two days she had her money!
i Baltimore american.
# RecOnciled Before the Ink Was Dry.