Bluefield evening leader. [volume] (Bluefield, W. Va.) 1906-1911, 1906-05-03
SAY NEW POSTAL NOTE
WILL BENErIT BUSINESS

(
York Commercial says:
1T is argued by some that IN,
mail-order business OF merchants and
manufacturers will be considerahl,
benefited by the new postal note
pnal which the postoffice department
with the consent of congress. propos-
es TO Introduce. IL the proposed bill
Is passed, the custom OF remittins
postage stamps in payment for arti.
cles OF small value may be LARGELY
done away with. The plan has been
under consideration by a commission
OF the postoffice department for soma
time. A description OF the scheme.
furnished by the department. is as
follows:
AS result OF it's labors. the com
mission, after consideration of the
numerous plans and devices s,hmit.
ted. has recommended a form of nos.
tai note which IL is believed will. n
adopted. fully meet the demands Of
the public, and prove itself in every
way superior to any plan heretofore
presented. The proposed note would
combine the essential elements of
simplicity and safety. would ne sold
at lower fee than Is charged for
the present postal money order. and
would not. IL is believed. impair the
revenues OF the service.
The postal note would be fixed de
nominations not above $3.50. re-
deemable or payable at any none,
order postoffice or at any Other Office
designated for that purpose \ fc,
would be charged for ynch note IS
sued, except that nolas ior amounts
less than ten cents NIGH, ne ISSUED
without fee. They would NOT La ne
gotiable and would no. he v;,i,d ui.e.
three months. Provision is moda
or issuing duplicates OF lost a. u.val
al notes. Postmasters at o'cos q.
ne third = : foirth classes - , 40 m,
paid commission of sl.0O per hun
red for issuing notes
1T is proposed thai SPECIAL postal
notes of the denominations 49, one to
line cents he sold at their ra." ytluc
Without a fee. The regular plstai
.otes would be for 10. 20 -. 30
20, 80. co. 10. so, and % cents.
$500. s. so, $500 and $50. foe
at one Get, would he 80 rgod fr
tes from ~ To 20 cen Is ana iva
cents for no'"s from 30 cents t.
u. To "a. rotes of lie large.
itCL"minatiri ~ would be attached -
'r'Sipt form be retail ned ~ the
trlrchaser.
But little labor would be imposed
ipon the issuing or paying postmas
er In the issue of these notes. as no
written application would be re
ired AT the time of purchase. and
no advice would be issued as tx the
, case with money orders The post
master would simply sign the note
land stamp thereon the date of issue.
The purchaser would be required To
fill In the name of the payee and the
name of the office Of payment The
paying postmaster would stamp the
date of payment on the note.
The methods OF accounting 10 be
followed would be very simple, and
the auditing would be very simple
and inexpensive az compared with
the methods now necessary I'm audit
ing money order accounts of post
masters.
| THE commission reported that II
was satisfied the enactment of the
proposed measure would result in a
great diminution OF the amount of
sactual money transmitted through or
Idinary mails, and IN the disuse TO n
great extent OF postage stamps for
small remittances, and that the gen
eral introduction OF the proposed pos
tai notes would almost entirely obvi
ate the necessity for the use OF post
age stamps and coins in remittances
OF small amounts through the mails
An appropriation of 100000 Is
asked for the purpose OF carrying the
act into effect during the fiscal year
ending June 80, 1907.