New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-09-10
MONEY By POSTAL ORDERS.
ON The Boston Transcrlp,

From The Boston Transcript
Money may now he sent through ne money-order
United States. and 70 most Of th- European coun-
nominal cost Il H. 80 convenient TO transaci bust
through this institution, and It has become so
much used by firms ard individuals. az 10 require
enlarg, menis and improvements. AZ matter %
fact II Is enlarged constantiy by the establishment
OF new money order ofnces. boih domestic ana IN
ternatlonal. and some improvements were also
made recently In the system ltself by changing the
form OF the orders 10 maze them acceptable 10
banks and slightly rsducing The foe.
Al the boston once ordGIs are issued TO tac
s9cC,o received daily from the other postofce= in
whole OF that part of the country About t5 900 on
the average Is paid out each day. and the surplus
This large sum passing through the once every day
represents TO great extent the business interests
Mason & 60. the publishers OF The Youths COM
psnon alone received dsy bel .een Two thou
gregate amount OF about sos. Most Of these orders
are small as the sum suggests. and evidently
company does larger bushes through the money
order division than any other concern; but great
deal OF money Is being sent TO other embellishments
in the city, especially 10 ne drysoods hous"s. a.
sessments by benefit societies are paid through The
money order division and there Is scarcely con-
though the ma jority. OF course The banks more
This tendency on the part OF the public 10 trans
National Government has held conspicuorsiy be,
fore the minds OF tho postmaster generals the
sh postal rawlings banks such "a England Swe-
den austria hnngs and wb9 othrr countries have
contend with In this country comes from The saw
ings banks but the new PO-tmast er- General
James A. Gary, himself a savings bank director
SAYS It viii not interfere much with their Success
and IA vors its adoption Therefore. the advisable
Ity OF establishing postal savings banks I'm the
I-nited states NAV De duly considered, during his
term OF office. As IN other countries Il would be a
Government institution. under the control OF the
Postal Department. In Austria Hungary for in
stance on opening an account. the deposition is as
signed "A certain number. which. together with his
10 his transactions with the bank In paying a
6ebt the depositor needs merely TO order tae Gov
eminent 10 make the payment, and. II the debtor
has an account IN the bank. the sum IL added 10
transactions take place without the cash being
Withdrawn from the bank A deposit "a acces-
sible at any postofice regardless o. the part OF
the country III which ~ deposited. Another
new pha SO that recommends Itself strongly 10 the
authorities as Nh Improvement or the present sys-
tenn Of Transmitting money by the postofiice IL the
postal telegraph Telegraph companies oner 20
order payments over their wires. but make such
heavy charge- for II tina: the method Ia no; used
By the public generally as 1t might be-
The largest that is received Ia the money
no limit to the number OF orders thar may he sent
in day TO enc person. except such as are payable
al fourih-csss ofnces. where usually there Is not
A great deal Of money on hand or Immediately ac-
dsy The average amount OF the orders Issued at
the ONCE in Boston IL between 3l2 and 49, and al
least 80 are turned out every day. nearly one
third OF which 60 TO foreign countries especially TO
as well as the amount. or the orders issued 80 far
ths year shows an increase over the business or
last year From early in the morning TIL the Office
closes IN The afternoon The business IL lively, end
Superintendent omar F. Ioring. with his twenty
three clerks have all they can do. But little
money is kept In the office. IL Is deposited IN me
rnonrv.order division mantsins . balance OF about