The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-06
NEW POSTAL CURRENCY PLAN.

the postal scheme which been before congress
for weeks past bill providing for the Introduction
OF the proposed system has been introduced in the sen
ate by Mr. Mcmillan and in the house by Mr. Gardner
Michigan and while reports have yet been made By
the which the bill referred there are goot
for the belief that it will eventually be enacted INC
law possibly before the end Of the present session Int
delay not caused by opposition the scheme for IT rs no
known that any material opposition exists II has been nee
essary however hold number of conferences with va
rious officials Of the governmental departments which woue
affected should the scheme be put to practical use ana
considerable amount of time has thus been consumed
The Post has already printed description of the posa
currency which scheme foot proposes to give th
public together with picture giving idea OF the appear
the proposed currency The whole purpose OF th
plan simply furnish the people with safe, cheap anc
easy plan of sending money through the mails Under the
present system the person wishing to send small sum o.
money another part of the country must in order to in
comparative safety make trip to the nearest post Oh
express Office purchase money order through number
of official forms ana then transmit piece of negotiable
paper which will almost much trouble to the recip
en as it does to the Under the plan proposed by
the post check bill introduced by Messrs Mcmillan and
Gardner all one two and dollar bills issued by the
after the Of the proposed law are to be
provided with blank spaces their face So long these
blank spaces left untitled the money passes from hand
hand in exactly the the ordinary curren
cy of the present day If wishes to send sum OF
money through the mails has only TO fill in the blank
spaces with the and address of the to whom
POstase
stamp another blank space provided for that and
cancel the stamp The money is thus transferred in the
twiukng of eye into check the United States
The check thus made is nclosed to the person
is intended who takes it the postoce
and has cashed just would have ordinary bank
check cashed at bank.
OF course of handling fractional amounts
be provided and with this end in view the bills
congress provide for the issue of $sooooooo worth
! fract ThuS will he
amount be through the mails with perfect safety
and dispatch The checks be cahed only by the
whom they made payable and thus all danger OF loss
obvated As the check paid returned
the treasury department and bill bills of the
denomination issued in order that the circulation of
the money may be always kept par This constant
reissue also nsures clean money something that highly
desirable.
The advocates OF the system do think it will
tirely supersede the order system, namuch the
money order will be slightly cheaper of sums
over $50 But they strongly of the opinion that
their plan possesses many advantageous points that il
will become universally popular the people become
familiar with its provisions The people who would be prin-
cpay publishers merchants and those living
in the rural districts where it is sometimes necessary
travel considerable distances in order reach the
postoce and where many of the Offices do handle money
orders 1t hoped that these classes particularly will do
everything in their power push the proposed plan for
while material OF opposition has yet developed
the natural lack of haste which always charactezes the
work of may result legislation being enacted
at this session unless it plainly shown that there
versa desire for the money The express companies
will be affected by the plan should into effect some
opposition be expected from them perhaps although they
have not done anything in the premises up date.
Il
Before acting the matter the congressional commit
tees to which the Mcmillan Gardner bills were referred
wished ascertain just how proposed plan was regard
ed by the treasury and postoe departments and for that
purpose meeting was held in this city few days ago at
which time Mr. C. w Post the gentleman who invented the
postal currency scheme. explained detail TO committee
composed of Mr. Roberts of the United States
Mr. Rdgey comptroller OF the currency Mr. Castle auditor
OF the treasury department; Mesrs Wynne Shaenbereer
and Madden respectively first second and third assistant
postmasters general and Mr. Meca superintendent of the
money order service After hearing the large amount of ia
vorabe evidence presented by Mr. Post the committee tool
the whole matter under Amusement and is not expected to
report for days yet
The proposed plan has been very generally advocated bv
newspaper publishers and there every reason 10 believe
that the opinion of the public large it be secured
would to be emineny favorable In order that mem
bers OF congress in general have every incentive to push
the matter as much possible would suggest that persons
VINO are interested in the plan write their
tive and to the from their State briefly stating the
tact that the scheme acceptable that its adoption would
be OF great benefit to the public general As has been
stated nothing can be done until the committee from the
treasury and posofce departments makes its report and
Soua inns report be adverse the chances of the plan being
put through would be practically nil Mr. Post and those
who are interested with him in advocating the scheme have
no lear as to the nature OF the report however for they
that an investigation OF tbs will demonstrate to the
satisfaction OF every one that the plan not only feasible
but emineitlY desirable in every way
n = Il
In the event that the committee spoken of makes favor
able report the matter will be akn up as soon as pos
oy he congressional committee which will hold all
say hearings and then report back their respective bon
All ths wl take time OF course and unless the matter -
pushed through rapidly there is chance that the s;n
WI" adjourn without anything being done Mr. Post and the
one' interested are very much in however and
they will OF course do everything in their mower =, aH
final action during this session eu'e
None OF the members of congress with whom b,v.
talked are opposed the plan and most OF them are
m favor OF IT. regardless of politics or other affiliations
mas neen stated that the adoption of the plan would -