Telegram-herald., 1889-10-01

WaF- y0u must b. made acquainted with DR.
f-harles =. Macdonald the superin tendent Of
the m0uey-order system, FOR when you
know him you know the svstera- He Is the "a
ther OF it. the Inventor ofit. the mother who
nursed and nurturcd 10. and De is to-day the
ssern parent who c0rnulassis these millions
or moneys % be properly handled by his
brigade Ok traiaed w0rkmeu. He - one OF
the most canny OF Scotchmen, bright as
new silver dollar. fu1of VII and humor. a.
HAPPY = nature a. the Lord ever created, q
nnai wnom every one likes for his bonhom-
ME, yet withai ne Is officially one ofthe most
grave and dignided, philosophical gentle
men In the world. There IS probably 30
more accurate scholar and hnguiss in the
Government service. He IA indeed a re-
mas--ple man and deservediy popular
having invented the money-order system
and cOddied u for these twenty Ave years, ho
knows al about 10 and dsyotes his energies
70 Is spread ard solid growth Tohi. lam
personally Indebted for data and oescrip-
tons Of the business
There are two classes Of money-order
post-ot6ces-nrst aud second. The Offices
Of the first class are deposit0riss Of the
Surplus funds which accumulate AT caiccs
where the receipts exceed the disburse-
ments. All oficcs not designated as de-
positories are or the second class. For con-
venience in transferring fuuds from issuing
cffices 70 the great paying centers, New
York. Chicago, ST. Louis, 81 Paul, San
francisco are designated as repositories.
the New York Office being the main depos-
tory 10 which all surplus funds are fually
sent Tbs ~ really the pulsating heart Of
The system through which al moneys come
md 20 and are finally accounted FOR at
Washlr gtoa- The current business OF the
Offices az smaller cities Ia such tha. they
constantly receive more money than they
pay OUT. Many merchants use the money
order system for tue purpose Of sending
small sums 20 the wholesale dealers n the
harzer cities. These Offices are required as
the close Of each quarter. that -. every three
mouths, % send their surplus 10 the de-
pcsitory which Is nearest 70 them. There
are other Offices which are required habit
ually % pay ort more money than they re-
ceive Ia The mouey-ordor business.
These Offices. il east Of the Rocky Mount
aims. are allowed 20 draw upon the New
York oasce for such funds an shey need,
while the osicss west OF the Roc Ges are
sstkorizcd % draw upon san Francisco for
snfh funds Thus you see that the money
- the people u aowiaz back and forth
noiselessy y bat carefully and accurately. 90
that there IL never any friction necessary,
nor anv delay admissible n The payment OF
money orders, even II the amount drawn
uvou an oficc - IN excess q is receipts.
For example: The postmaster at Sioux
Falls. . T. uaT receive si0o daily IN mon
ev ORDER funds for transmission 80 cities in
ne Eastern states. B1s parties In the
East nav be drawing on Sioux Falls post
80
master at Sioux FAILS therefore draws upon
the New York postmaster for sufficient 70
ke.D up his ps~snarts. II a complicated
business. YET very simple when understood
Pestmasters are required By the postal
la~s and regulations 70 keep their money
arssr clerks aud uoney-ords- business snd
u,ouev order funis separate from the
pnstal business. Bat when a postmaster
has surplus fund on hand from ths sale
pf stamps. envelopes. wrappers, etc, be IS
= Aautaa~iret o. transfer those postal flnds 70
fha money. .criar account of his Cfficc. and
maze propsr sntrY ~ such transfer upon
his books. This pcruis~ ~.cu from the 6e-
partment frequently SAVES The trorh'e X
a-au ing f~sf's uron the Nsv YORK c'6ce.
snd it amounts 70 the same thing In the
kr- run. for al the ucnevs received ara
Government moneys. separately lsept IN tae
acco,nts for convenience and statistical
reference
pr NncDorsi,f CLAIMS and always has
claimed thss the ricuev-crfier system =
sure~icr 70 the ban xinT methods. A Bank
drsft aiva~s contains the raue ~ The per
scn 20 whom the money shall BE- rait. The
ucuev- -1uier Does nrf. bus merely directs
tse pcstr-a~ter az n certa.n N point IN paT -
"the person named IN M .etter - sdvice
ere scm naued There = no possibility
here for forgery rr theft " nen a post
master .ssues a rcnaT-orsier ~ a patron
NJ se-ds = .etter tc The other pcstm sster
teilrg lin that a urneT order. ss1et
e. s1ch and such = r-Tecu ard nln-
fcred n duplicate shcu'' he pad nr0n
Fresenratcn. ard thls lerrer - t1e post
nasfer e sent 20 the of. sr o,s Ina<-t- iu
ss7arsre en-e sre In t1e sane maj. TIE
crssi oi.ities 'f -aeft or f'rxerT are thus
rcducet to a NUN
- 1ei fras-fI-nal ..-irrerc.f 1r7s Withdrawn
from circri'snor the cecpis were greatly
trr1oiet f1r means IF trsrsT 'rrirT s8lrs
srialer tfsu Sra rcTsrs Al fr Mac.
rcu8lt -'en invented ths PCS "a. note sr--
nc-1 WHOA s c-r, is~r 81 tts money -o~isr
eusinrse. lha7e frtIe rcte= ar ISSUED fov
a Zee ~ tfree eents ear1. snt .as~ ara u-
scrfe.i frr Ere rerre vte transmit srus.t
at-us ariv There ara ralv ED 81 raese
.-,sta .ncts cffeTs. ve- ast Gear trer srzBs-