The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1899-09-20
NEW FORM OF
POSTAL MONEYORDER.

which will be introduced gradually. Or
as supplies Of the old form become ox-
hausted, at the various post Offices
throughout the country, after the 9Th Of
September.
nIsTlNCriVE FEArUsRs on TIE EFW FORM
The new form is somewhat smaller
than the order now In use Its dimen-
sions are about those Of the ordinary bank
draft. Il has two adiuncts-the advice,
or notification to be sent by the issuing
to the paying postmaster, is q reproduC-
ton Of the order through the use of
oarbonized paper (the manifold process),
and a receipt for the amount, TO be fur
nished by the issuing postmaster to the
RENTER.
On the back Of the order q separate
space has been provided for the stamps
Of banks through which It may be
passed for collection.
In color the order is blue, having
light blue ground, with fine, closely in-
terlaced, tinted lines Of geometriCal
lathe-work, Of darker shade. In the
center is an esCutChson bearing the
words, postal Money Order" in shaded
capital letters Of the same two tnts Of
blue. The tint Of the order and the
lathe-Work will serve TO prevent imita-
tons; but, as an additional safeguard
against counterfeiting, horizontal wa
ter-mark, composed Of the initials u s.
M. o., In broad capital letters, has been
wrought into the paper on which the
new forms are printed.
ADVANTAGES OF THE NEW FonM,
Through the process mentioned (the
carbon or manifold PrOCess), the order
and the advice are produced amultati-
eOusly. By the same operation the es-
sential particulars Of name Of payee,
date. amount, and place Of payment, as
written in the order, are duplicated, or
reproduced, and made to appear in the
advice precisely as in the order. The
liability 10 mistake is thus greatly les
sened, and q saving Of time effected.
Discrepancies between order and advice,
which, by entailinR additional CORE
spondenCe and causing delay in pay
ment, have heretofore been q source Of
annoyance to the Department and post
masters, as we'll as to remitters and
payees, are prevented, and absolute uni
fOrmity between the order and advice
insured The despatch of advices, which
hitherto have not been made out until
after iosue Of the orders, will also be &C
tolerated.
The receipt which is to be furnished
by the issuing postmaster 20 the remit
ter, showing the number and date of the
order and the amount for which issued,
is also, in the main, reproduction, by
the carbon process, of the writing and
stamping on the order, hence must
necessarily agree Herewith. The adop-
ton Of receipt has not been hitherto
practicable. It will tend to popularize
the postal money order, supplying more
than al else what was needed to make
it, in the estimation of the public, per-
fectly satisfactory vehicle for the trans
mission of small sums. Possession of
the receipt will give the remitter feel
ing Of security. On the back Of it he
may make, for his own convenience, a
memorandum Of the name and address
Of the person TO whom the remittance is
made and the purpose for which it is
sent. Production of the receipt will
greatly facilitate reference to the records
if it become necessary for the remitter to
make application for q duplicate order
or inquiry as to whether the original has
been paid; and here again a saving Of
time will be effected.
In shape and size the new order is
deemed a decided improvement over
any other form OF money order hitherto
adopted by the department. It's dimen-
siona being about those of the ordinary
rank draft, it may be conveniently
hIndled when mixed with different
kinds Of commercial paper. It is be-
lieved that the change made in this re-
speOt will be heartily approved by banks
and business people generally.
That the new order may win It's way
to public favor by It's simplicity, clear
ness and adaptability. great care hes
been taken to give II this character by
arrangement Of its parts, by avoiding
surplusage in the text or wording. and
by using plain type and excluding what
ever would be merely ornate design.
The postal money order system, from
q small beginning in 1864, when the
number Of money order post Offices 90.
tablished in the United States was 419,
has grown to be one Of the great indis-
pensable agencies Of exchange There
ars now about 10000 such Offices The
number Of domestic money orders issued
in the United States during the past
year was oyer $4,000 900 amounting In
value to s2lO,OOO,OOo. The system ia
used most extensively for remittance1
from places where bank exchange ia not
80 readily obtainable, While supple.
mendng facilities for intercourBes be-
tween populons centeTH, Il has ila own
special field, supplying means for the
safe and cheap transmission Of money
where other agencies for the purpose
could not Be successfully maintained
In the adoption Of the new form Of
] ~. 81.