Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1883-03-12
NEW POSTAL LAWS.
The Facts Concerning the Proposed Pos
tai Notes.

The bill which will most interest the peO-
pie next to the tax and tariff bill is the postal
note bill This bill authorizes the issue of
postal note which will be very near ap-
proach for many purposes to fractional cur
rency. Since the repeal of the fractional
currency act there has been general demand
that Congress should provide some means
for making remittances of small sums through
the mails which shall be cheaper and simpler
than the present money order and advice.
The purpose of the postal note bill, which
was passed. is to afford the greatest practical
safety for making small remittances at the
lowest possible expense.
The postal notes are to he engraved on
steel in style of art equal to the greenback
or the national bank notes, and as compared
with the printed money order will be very
expensive. The new law will be a great ben
eft to those who are remote from banks, and
who desire some safe and cheap way of max
ing remittauces in payment for newspapers,
books. magazines or merchandise. The fol-
lowing is the section of the bill relating to
the postal note:
That for the transmission of small sums
under five dollars through the mails, the
Postmaster General NAV authorize Postmas-
tiers at money order offices to issue money
orders without corresponding advices on an
engraved form, to be prescribed and furnished
by him, and money order issued on such
new form shall be designated and known as
postal note and a fee of three cents shall
be charged for the issue thereof. Every
Postmaster who shall Issue postal note un
der the authority of the Postmaster General
shall make the same payable to bearer
| when duly receipted, at any money order
office which the remitter thereof may
| select, and postal note shall in like
| manner be payable to bearer at the
office of issue, and after postal
note has been paid to whomsoever it
has been paid the United States shalt not be
liable for any further claim for the amount
thereof. but a postal note shall become in
| valid and not payable upon the expiration of
three calendar months from the last day of
| the month during which the same was issued
and the holder to obtain the amount of an
invalid postal note must forward it to the
Superintendent of the money order system at
Washington, ID. e., together with an ap-
| plcation in snch manner and form as the
| Postmaster General may prescribe for a
duplicate thereof, payable to such holder,
| and an additional fee of three cents shall be
| charged and eXacted for the issue of the
duplicate"
The law modifes the money order system
| in this respect The bill also provides that a
money order shall not be issued tor more than
500, and that fees for money orders shall be
as follows:
| For orders not exceeding SO. eight cents.
| Exceeding $40 and not exceeding So, ten
| cents.
Exceeding SIS and not exceeding $50 fif-
| teen cents.
Exceeding $50 and not exceeding $40,
twenty cents.
Exceeding $40 and not exceeding $50,
twenty five cents.
Exceeding $50 and not exceeding $50,
thirty cents.
Exceeding 500 and not exceeding $40,
thirty-five cents.
Exceeding $40 and not exceeding $50,
forty cents.
Exceeding $50 and not exceeding 500
forty five cents.-Boston Journal.