The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-18

If, for example, the footing Of list as re-
ceived from the bank exceeds the amount
Of the paid money orders included there
in, 1t shall not be held necessary to notl1y
the bank of the error before stated
hour or within given time; but the bank
shall promptly make coed the difference
on being advised of the error. Settlement
shall also be made promptly by the post
Office if the footing of a list shall be found
less than the aggregate amount of the
orders received Herewith.
Every money order passed through the
Clearing House should be receipted on
it's face by the payee or endorsee, and
must be stamped upon the back by the
bank presenting it, so that no dispute
may arise as to the number or identity
of orders listed, or if at any time in the
future it shall be necessary to request
that such an order be redeemed by the
bank.
The stamp impressions which banks Or
dinarily place upon money orders depos-
tied or sent to them for collection, 1t IS
held, are not to be regarded as endorse
ments transferring ownership of the or
der, but simply as guarantees of the gen
uineness of signatures OF payees or in
dorsees, and as transfers for collection
purposes; hence, if an order bears a
bank stamp impression in addition to en-
dorsement in regular form, or, even If
il bears several such impressions, it is
not on that account to be regarded as
within the purview of the statute which
provides that more than one endorsement
shall render a money order invalid and
not payable.
If, as is sometimes the case, the rules
Of the Clearing House shall be so con-
structed as to prevent an arrangement
of the kind outlined, you are at liberty to
effect an agreement with such bank as
you shall select to act as your repre-
sentative, which may receive in prac-
ticaIly similar manner all orders present
ed to it at the Clearing House meetings
by other banks, and in turn receive pay
ment therefor in one sum from you.
1t will be understood, that, if you shall
select a bank to represent the postoffice,
as indicated in paragraph 10, the orders
shall be stamped in the manner and for
the purpose of satisfactory Identification,
as described in paragraph T. Settlements
and reclamations will be made directly
between the representative bank and the
individual banks which deposit with it
orders for collection, or they may be
otherwise effected, as shall be mutually
agreed.
1t being desired that so far as may be
possible money orders shall be deposited
in, &c rpOnpSf0d
that publicity be given, through the
press, to this arrangement, and that bust
ness houses be advised to so deposit their
orders, if agreeable, in lieu representing
them at the postoffice. If it is now the
practice of any individual to present or
ders in considerable numbers, suggest to
him that he may more conveniently re-
ceive payment by depositing them in
bank for collection. 1t is desirable that,
in consideration of the additional service
thus rendered the department by the
banks, they shall be compensated indi-
rectly, as they fairly should be, by
means of the increased deposits accruing
from the paid orders.
It is believed that all minor details may
be satisfactorily arranged by you; but,
in the event that further instructions
shall be necessary, prompt response to
request therefor may be expected.
Please advise the department when the
arrangement made shall be carried into
effect, and of its practical operation from
time to time, as shall be deemed expedi-
entornecessary, to the end that the de-
tails maybe perfected. Respectfully,
(Signed) PERRY S. HEATH,
First Assistant Postmaster General.