The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1900-06-08
HANDY MAILING MONEY.

The Post Check Money Bin which Is
now before Congress and under consid-
Grafton OF the Treasury and Postofiice
Departments is called "a bill to prevent
robblng the mail. to provide safer and
easier method OF sending money by mail
and to increase the postal revenues"
| The proposal Is thus described in a
| circular which lately came to this Of
fee:
To reprint all 81. 81 and s. bills now in
| existence, and have their faces provided
with blank spaces, az shown on the front
cover of this pamphlet. The notes to be
printed in the highest style of art EN-
ployed In the National Bureau OF En-
craving.
Each Treasury note, coin certificate,
silver certificate, or other form of cur
rency OF 81, 81 and IS denomination, will
be replaced with post check note Of
like denomination, based on the same
foundation and existing under the same
law as the note retired. thus In no way
changing the present financial system OF
the Government
This money with the new face will pass
from hand TO hand in the ordinary trans
| actions Of the day. Then when one
| wishes to send money In small amount,
| 50 for instance, by mail to subscribe for
| magazine or newspaper. pay n bill, or
transact any of the multitudinous pieces
of business necessary by letter. he will
take a 81 bill from his pocket book, write
on its face the name of the person or
~ tIn nttt nyNI tn 70
and affixng a two-cent postage stamp in
| the square indicated (one-cent stamp for
he fractional hllls), sign his initials in
| nix. with date the initials and date to
cross and cancel the stamp.
| Thus the piece of currency which, up
to this time, has passed from hand to
hand as negotiable money. has been in
stantly transformed into personal
check on the United States Government
for So, as safe for transmission as any
| piece of exchange.
This is enclosed in a letter to the per-
son or firm desired, and when received
s deposited, with other checks, In the
bank, or can be collected by the receiver
| upon identification at bank or postottice.
The tedious and inconvenient trip to
| the postoffice to secure II money order is
done away with, and convenient, safe,
| and instantly available form of trans
| MISSILE money is supplied. with which
he American public can transact bust
ness by mail. which now aggregates. in
the small sums represented by enclosed
postage stamps. silver pieces. money or
ders, express orders and other inconve-
nient and sometimes unsafe mediums.
upwards of a billion dollars year.
The convenience of this plan may be
seen at glance. Buying money orders
at distant postofiice costs time or car
fare, and the order itself must be paid
for. The same is true Of bank drafts
But here we have a plan by which a
man may draw money order from his
own wallet, and by simple endorse
ment make 1t the private property Of
the person to whom 1t Is mailed-the
person whose name Is on the face. 1t
then ceases to be currency and becomes
a check. Naturally, as the exchange
means a continual retirement and re-
issue of the new money, the notes will
be generally clean and sanitary.
We hope, inasmuch as no disturbance
of the financial system of the country
would result, that the new idea will
meet the approval of Congress. The
post check money would be boon to
Hawaii, and one, We presume, to every
other American community.