Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1900-03-16
MONEY ORDER CHANGES,
Circular Of Timely information
ReeA;ved :. uams a.~.....

received by Home Postmaster.
]. A. Carruth, the East Las Vegas
postmaster. has received some new
instructions and circllars in relation
to U. s. money orders from Hon. Per.
ry s. Heath, first assistant postmaster
general. that make great and favor
able changes in the money order bus
inees.
The most important order is that
no matter on what office an order is
drawn it may be paid at any money
order postofice. Heretofore, the
payee Of money order which was
drawn on a distant once, if desiring
to get it cashed, had to wait for his.
money till he could send It to the Of
fee Of payment and have new orr
der issued, payable where he desired,
less the fee for the order. Now, any
money order office can cash the or
der at once and a new order is issued
by the superintendent of the money
order system at Washington in favor
Of the Office that has paid the order
SO as TO enable the postmaster to re-
ceiYe due credit for the payment,
and no extra fee or charge is made.
This places the order on an equal, If
not better, footing than. a draft, as
there is nothing safer than an order
and now it is absolutely payable at
thousands of places where there are
no banks.
Another change is that II the payee
is properly identified, the postmaster
need not wait the receipt Of the .'ad-
vice" of the order, but can pay the
order, when presented. This. ~ad
XiaaGS ab1lRs a6of~ Tse system. as, If it
had been missent or lost, the payee
was kept sometimes several days
waiting till a second advice could be
obtained. Now this waiting, viii be
done away with and an order naid
whenever presented.
3 The department has been simnli- |
flying the system very much in the
past year or two, these last changes
make 1t now the simplest and safest
means of transmitting money in the
world.
Last fall an order was issued al
lowing orders to be drawn payable at
the office Of issue. something that had
been absolutely prohibited by the de-
partment previously. This is now
taken advantage of by many persons
to pay bills, make local remittances,
etc. It has also been taken advan--
tage of by many persons for the pur-
pose of using the postofice as a saw
ings bank. The order is taken out
payable to himself, and in this way
is simply deposit, though, If desired, I
it can be assigned to any one to make
a payment and is as good as gold"
Even here there are persons who
have caught onto the scheme and
have money on deposit with the post
office as a savings bank, while in the
cities there are some persons who
have as high as $4,000 in orders pay
able to- self" The application of
this plan will almost accomplish the
postal savings bank that has been de
sired so long in this country, it only
remaining for the government to say
it will pay about 2 per cent interest
to make It all that is desired The
English postal savings bank is an
immense. institution. its deposits
amounting to over $500, 900. 900, And
the nervous depositors need not lie
awake at night for fear it may
break y ..ss.s:...a.
In concluding his letter accom-
panying the instruction, Mr.. Heath
says: "The department is seeking.
by every possible means to make this
branch OF the service popular, and
when the people shall learn how CON
venient and reliable It is. there is
no doubt that they win practically ap-
z.