The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-10
SENT THROUGH The MAILS|
lafos Anousts Are Coming South
u that Way.
SOM BANKS PREFER the EXPRESS.
aAo aatss Are Much Higher Than
xnsurance Companies but Losses
Are PaiA without Delay.


,n~st yes4nre n the shlpments OF cur
4 -,s ......,. ,n,r,. and nsrticuIarl
sency - inseaao' ~
from New York AND the ihrse "onss 49,
ters a the East TO the South and West
.,<A.r ~ IN The Post some time since
9 n. ..-.5.. ....s....ss ,.,y .or,
~ tue kfe@t eA'en' '"o '>''-- 8
vice 10 being used for thar PURPOSE ~
atcA a money being shipped by express
-. s..n1-iv ~ Uanarai custom. The
a .,,,.. i, -. ..rv.
reason Of tnis - tne insanity " 'A
to secure this year, through the sup-|ess-
ury. the benefit Of the government contract
80. i. ~, axnra..ava A. rssult Of
49, so' .Ae o~p' -. n
that the banks nave nad 70 pay "hae -
known az bankers rates 10 The express
companies which arc two or three times
-. ~. .,,a.,,. ,.,r.o. r.,o.
e $500 - 'As
or snip their money by registered niai''
heretofore the treasury giadiy gave 70
the banks the privilege OF shipping cur
rency At the government contract rates.
or rather. shipped Inc currency Tor the
banks NJ the government rates In return
ior Boiu deposlts. a clause, however. was
inserted In the contract with the express
companies when IL was last made by which
suun prSileses snouiu only De aHorded
,ne pahns wncn the treasury neeuea
soio. Tue discFetion In the matter ahrar.
cnl'S Itsls Win the secretary Of the treas-
Wy, anu ne mas seeiuingiy decided tnat
.ho treasury does not want gold now. Con-
sS.qush.,y tne panhs can NOT nave me bene-
~ VI snu so,einneht contract rates ior
sa.i,,, III, . =. nanhsls sehef.y
seem 70 .nink II would be better for the
' I.asary aiWays 70 TAKE goid when u can
oituuut iufc. ut treasury TullQK, UUW-
.arv r,,soh s.aa,.' sno .Ap'uss COM ines
hanks y, - use neaiiy al we country
whn hsva ~ ~, nv, i.n.l.eu' unu
direct their nav yorL so..oa,' anasNt -,
shin M ,,,a,,a. w., ,..i. wv esponuoA'S "
The cost - ,,,s,asn a,,d i ,a'... 4.
r,,,ch ,ass 49,, psso "Hu insu' INV 20
~ wbat are lno,Dn % s"h Ia, aiaikes
New York hanlers howavar aa,,d -,
money in that vay nn,ess ,,"v -. III, a.
rected 10 do so nv their corres,onaort.
They would rather shin a nv as,rcis r,sr
though 1t cost more 10 do 40. because N ev
consider II The aafer wav.
II money is LOST Nv an exnress eon,n,nx
during transmission the Ioss ,s nro,nn,Iy
made good. whereas. banhcra sav n ,arss
long time and is a trouble.omc iaal,
to recover the amount when tho ,nop,,v Ia
lost in the mails, Tho c,yornri,nt is ROT
responsible II onlv lron,ises r., ,ape araa,e
cr cars of a reeigtered nncl,,nn fn- 49,,
tho registration fee of ! cents i. "horna1
1t can not, or does nat uunran tne a., he
livery or reimbursement IN case NJ ,oss
The cashier of a large Nat,nn,1 h,n,, q,
New York, which ships thousands of dol.
over the country In anea,,,, :, M u'i
ter. says: ''''''
THE conservative banker mil, ,re,or.
to send money by the wel, ltnonr 1890
companies, hut In save oxa,n., - ~
government ref,,ses 10 rar,t, e., ~, Wv
any longer NJ yovarnnon, .an,. ~. oa.hs
the country banks ,ra an,,,,n',,.,' in.ep.
70 take tho risl ~ tran.,,,,"', Wiling
tered mali with ,ha ,,,,ar,,,s w iess-
ance COMPANIES nollcy for i've sa, "" iai nnNur-
No, witbs;a nS,n, hs ~. i.s snle delivery.
ana ,ns,,ra,,s nom ,, .hs resisfation
n,,n,s =, ,rn,s, 10y iis~a VI sohulhs larse
M rlons ~ ~ man gre very great,
k ne ran,.,.Is ey "ncn - forwarded
,,ss.a, .a..sa a0,eu hali department. OF the
sicati,s ~ ,,a, nae ho instructive mark In
fnr q ,,,s, t "a penV'' receipt is given
latter Nv hu sun. az lor an ordinary
nacLaoa ee vi n'erchahilse. The
ages az merrbana,.a Vmn ~ win pack
go y. .uereuanaise OF all sorts. and no
,..s,h ~le ~ takoh OF II than Is taken
~ MI pox OF SHOES or Il package OF gloves.
~. NY reslstry clerks receipt is not dorl-
nien. 'hat III as well known or satisfactory
10 the receipt OF the RECEIVING clerk OF
~ eApress company, and m ease OF The loss
., ,nc package, the delay In the recovery
OF the money is intcrminable.
for Instance. a few years ago a South.
ern bank ordered from its New York cor.
$4,000 In currency, tho money
70 DO sent by registered mail. The mack.
NC was put, or supposed to have poen nut
y certain through pouch, but when ina
pouch was opened In the Southern Iost.
prince IN the presence OF tho president Of
Lne bank, who was anxious about Ina ar.
nvai OF the money. the package WAS not
mere Investigation by the postotfice au-
lnorities Failed to discover Its whereabouts
mo the insurance company which Mad H. |
Iued policy guaranteeing It's safe .ieii, arr
WAS no more successful, and II was Inns
lime before the bank was reirnbur.sa tor
inc loss. The Inconvenience on,,ne,, ~
banks by tho non-receipt Of money nm t,n,s
could not be estimated. In so,ae cssas
- IN time OF panic for las ana ~. a',sn
might be fraught with very seri,na co oras
auences. A year or 80 after the las . " IN,
money referred to, missing articles ', ws sna
raced to certain Dishonest nnat !, ~,
pioye, and the secret of the mis.,nr ,nora..
WINS Than snl,,o.a ,"''c 'H'htp