The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1900-06-06
HANDY MAILING MONEY.

The Post Check Money Bill which is
now before Congress and under consid-
Grafton of the Treasury and Postoffice
Departments is called "a bill to prevent
robbing 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
circular which lately came to this Of
fce:
To reprint all 81, 81 and IS bills now in
existence, and have their faces provided
with blank spaces as 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. $3.50
Each Treasury note, coin certificate,
silver certificate, or other form of cur
rency of 81, 50 and s. denomination, will
be replaced with a 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,
81 for instance, by mail to subscribe for
magazine or newspaper, pay bill.
transact any of the multitudinohs pieces
OF business necessary by letter, he viii
take 81 bill from his pocket book, write
on its face the name of the person or
firm to be sent to- the city and State,
and affixing a two-cent postage stamp in
the square indicated (one-cent stamp for
the fractional bills), sign his initials in
ink, 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 a personal
check on the United States Government
for 81, 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
is deposited, with other checks, in the
bank, or can be collected by the receiver
upon identification at bank or postoffice.
The tedious and inconvenient trip to
the postoffice to secure a money order is
done away with, and a convenient safe,
and instantly available form of trans
missible money is supplied, with which
the 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 q billion dollars a year
The convenience of this plan may be
seen at glance. Buying money orders
at distant postoffice 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 a simple endorse
ment make it the private property of
the person to whom it is mailed-the
person whose name is on the face. 1t
then ceases to be currency and becomes
check Naturally, as the exchange
means a continual retirement and re-
issue of the new money, the notes will
re 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 a boon to
hawaii, and one, We presume, to every
other American community.
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