New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-05-11
MONEY CONVENIENCE.
Hoo the TrarelLer May SAGE HIM
self Much Trouble.

Two things are of especial importance in con-
nection with a trip abroad. Il is absolutely es
sential TO have the money necessary 20 meet the
expenses Of the tour, whether It is 10 he more
less extended. OF equal importance is ii TO
have funds available on the instant meet all
emergencies which may arise when one is far
from home and from base of supplies. No one
contemplatos Il pleasure trip with any purpose
of carrying it out unless the means are hand
which warrant the expense to be undertaken.
With the modern system of travellers checks il
Should be equally impossible for any one 10
undertake SUCH trip unless provided with this
means Of being assured at all times of having
hand the safest and most convenient form
of funds that TIE ingenuity Of man has been able
TO devise
The Danger Of loss and the risk of delay by
carrying cash or the letter of credit which can
only be converted into cash at certain times and
places. have been entirely done away with by
the travellers checks system. This system
has been perfected until the checks may he
regarded practically a universal currency,
which is especially desirable for travellers
abroad. These checks are issued in amounts
from $40 w to 500, and each has its value in
foreign money printed on it, so that the holder,
who may be readily identified, is able to get it
oas2ed without discount at any Of more than f1f-
teen thousand places in the principal cities
ab oaG. The system OF Identification is simple
Lat sufficient. At the time of purchase the per-
son Who is 10 make use of the check writes his
@: her name on a line at the top of the check.
AID ~l.en it is cashed must countersgn it with
Ike same signature at the bottom. The identity
{. the signatures is the only security required.
and he check Will be honored.
IN England, ireland Scotland. France. Bel
fiurn. Switzerland, Germany. Italy. Norway,
sweden. Denmark, Holland, Austria Hungary
:>ad Russia the payment OF the fixed amounts
named thereon without commission discount.
Mess a revenue stamp is required is guar
;-ateed. IN the British Isles $40 check
is good for "a Is "a, and in France,
Belgium and Switzerland ii is good for
l92 francs, SO centimes. IN other countries the
caecks VIII be paid at the current rate of
change. rs this is constantly changing but there
is less loss % the holders of checks than
those who carry cash or letters of credit and
have II pay commissions to local banks 10 get
the money needed at the point where the travel
Ter MAJ DC. Knowing what the checks
worth in the coin Of the country, where they
arc 20 De used is Of especial value 10 persons
holding them.
If by any misllap the chicks are lost they cam
not be used by the finder, unless by the most
clever forgery, which Is pretty sure TO be found
out at once, the signature must be written
under the eye of the person who is to compare
it with the genuine one on the check itself The
company issuing the checks will make good by
reminding to the owner the face value of all
lost or destroy ID checks issue ones IN
their place as as satisfactory evidence of
its loss or the destruction of them is presented,
and the execution OF a bond of indemnity
with the necessary affidavit in regard to the
loss.
The system Of travellers checks has put them
on par with Bank of England notes, which
are The best. known currency in the world. In
way they safer. for bank notes when
stolen total loss while traders checks
as secure ones bank checks
OF especial value TO persons going abroad is
the saving of time by the Of travellers
checks. They have become well known that
they are received at all the principal hotels and
by railroad and sleeping car companies, by mer-
chants, shopkeepers- and tradesmen OF all sorts
the cash. so that no time is taken up in
getting the money OF the country IN which the
payment is made. All delays caused by holi-
days of any sort avoided. and there is
loss of discount by carrying the money of one
country into another. II is also possible 10 have
checks carried by each member Of a party
that individual convenience is subserved at all
times. For automobile tourists travellers
checks especially useful they avail
able everywhere. matter how many country
boundaries crossed in the course of a trip
II is possible for persons who have not pro-
vided themselves with travellers checks before
going abroad TO them abroad by
rnunicating with friends home. designating
the Office bank where delivery is desired, ana
having the needed amount deposited with the
local agent, who will communicate with the for
eign Office where the credit is desired.