Show DAILY DAIL Y HASKIN LETTER THE POSTAL SERVICE Money V.-Money Orders arid and Registered Man Mail I I By FREDERIO J KASKIN HASKIN Thorp aro moro than fifty thousand in tho United States l eople without a chocking acco account nt in a 0 bank may go and buy in tho shapo of of postal monc money orders Tho peo peo- avail of this facility to the extent o of som five eighty million orders a year The Tho was just a a. half century ago and sinco thet theD moro than ono billion money others orders have boon been issued Tho mount of ot m money noy annually through this system about with another fo for tho foreign money order A graphic Idea o of the alzo of the monO money order of the country may bo be gathered from the statement that although the fee for issue ing money orders is less than 6 cents the total receipts of the do- do from these small fcc feC- alone aone amount to about a year car Tho postmasters at third and fourth class are aro allowed a Leo feo ot of 3 cents tor each order they issue and on this basis they made nearly neary la last t year car As a rule receipts exceed dis dis- on account of or mon money y orders issued and paid in the tho smaller r post post- offices of the country while in tho tholar lar or offices the val e 01 the orders ro- ro de med is much much- muche greater e ter tha than the value tho-value value of issued rhe he department never win will allow a money order to fail of pay pay- meat when offered for redemption and yet et it lees docs not desire to keep any con con- amount of money in tho hands of postmasters for or this business To ro meet th the situation it gives to the post post- master of the New York n a sort of clearing house status l P Postmasters Post Post- st st. masters who have ban bany payments to tomake tomake make are aro given let letters rs of credit on him within the tho limit of f which they may mar draw for funds When they draw ho he immediately notifies the department and the appropriate entries are made In this way tho postmaster of every overy citY is ua assured always of sufficient funds r n ls to pay all orders that ma may come for collection and yet et the do de is saved the necessity of hay have In large sums Bums of mone money tie tica up and not working Make Regular Remittances In the international money order business each countr country remits at frequent Ire Ire- quent intervals to the tho other countries of the money order union sufficient money mone to cover the excess excess' of orders issued is is- sued by it OVer th ones drawn on it As the tho United States is the tho homo home of so 80 man many foreigners who send across the tho coan cean to the bacle home the tho Unit United States is constantly i suing issuing moro more orders pa payable able at European offices than European offices issue Ja payable able at AmericanS American offices The Tho result is 18 that the department must constantly ho bo remitting money to Europe to coyer cover the b These remittances are aro made through bills of exchange c and a total of 1500 a week goes abroad in this way The Tho postoffice department buys bus the ox ox- change under conditions of keen com corn corn- p petition tihon participated in by br about thirty New York brinKs banks with the result that it nh a always 8 gets most favorable terms The discounts it gets on exchange over and above ahoe the tho premiums th that t have t be paid to countries whore the boot i is' is 00 on the tho other othor foot afford the postal service ser ser- vice vito a a. profit of nearly a Vearn year Vear n It has bas been reco recognized for a lon long timo that the tho restriction of ef the money order system against payment at any other than that upon which it is 19 drawn has been tho handicap in extending the tho usefulness of the tho P. P system This has bas Put it at n. n disadvantage dig dis- advantage as co compared with tile the bank j i system of the country and the tho pur poso paso ot of tho department to make a money order payable at an any I will in th tP form of I more pop popular lar than c over cr r amori among those who ho do donot pot carr ba k accounts account Or wh whO wish to transfer money to remote places It i is exp that the present fiscal year will est established in th tho money order Find Difficulty Ono One or of the that hitherto have been in the tho handling or of money order business has been the difficulty difficult or of the tho mono money order ordet accounts of the tho of the country To overcome the tho trouble of checking order oner by or order er b by the hand process which required much tUne and gave no 10 little room for tor troublesome mistakes mis- mis takes fakes a a anew new mechanical al audit system was devIsed Under this Iw tem each ach office Is given cn a s serial umber number composed corn com posed of fire and by the use uso of punching machines cards with holet hoie punched In them are nr made mado to tell to o I tabulating machines the namo nam of the of- of rice ice Issuing the order th the or of the tho the face tace value of the the order and the tho fee re received by the postmaster for issuing it ft Every one of the hundred million mil mU- lion mon Orders has It Its OW punched card and by machinery these cards are assorted by the holes that have been punched In In them until those of each aeh of the are aro packed to thom them I selves anU nr serially With lith the tho lon of the money order order or- or der system to thousands of additional p there Is 18 a slight tendency for forthe the uee or of the registry system to tall fall oft orr with the result that the number or of regIstered registered reg- reg letters sent through the tho malls maUs today to- to tIa day Is approximately on y a third or of the num r of mon money orders sent The Tho total to- to tat tal amount ot of amounted amount amount- ed to pieces pieces' In 1912 of which nearl nearly letters The rhe state or of New ew York does nearly one one- firth fifth ot of all the registry business ot of the countr country The Tho bulk of the re registered mall ot of tIm tho country Is 18 handled In pouches CArrying rotary locks keys to which Bro are only by postmasters and others having direct occasion to open them A pouch cannot be opened without changing the Indicated on the lock which reg- reg regI I each successive opening just as a speedometer registers each successive Tulle mile traveled When one or of the pouches is 18 made up two postal employees put the registered letters lotters Into It making a 8 triplicate to list or of them as tho they do so so and writing the tho Indicated by the numbering machine In the tho lock on the tho three lists The pouch then Is locked and sent forward to Its destination When It reaches there the tho clerks whose duty It is to open It note the number by the tho lock and It If It corre corresponds with tho number on the tho list with the tho contents the they know that the lock has como come through unopened Rut But If they find that it registers a higher number the they know that some unauthorIzed lid person has tampered with It it and the tact Is finally placed In the hands handsor or of the tho Inspectors Locks Seldom Tampered With The telltale qualities or of a rotary regIstry registry reg- reg l lock ck are arc so well known however that thal one Is very seldom tampered wIth rho two clerks who cho open the pouch and ch check ck u Its contents very seldom indeed find that the list does docs not agree with the tho statement furnished b by the two clerks who made mado It up These locks have hac been In Use for tor years and so accurate rote rate and careful Is the record kept Of the times the they are arc Opened that the tho postal authorIties could tell months afterward exact exactly what clerks opened a given lock at each ach stage ot of Its progress in the postal service The Tho mane money transferring systems of the Amerl Ameri air postal service that I Is the tho mone money order and the registry systems ue are amon among the safest In the world orld The amount or of mone moncy lost b by individuals In Inthis Inthis this wa way Is a quantity and the amount lost by bi the tho government almost so 80 th 1 system or of checks In Mch instance In- In stance that Insures safe Bate handling there are very few slips sl that can come between cup and lip in transferring money b by mall mail During ono one year nearl nearly dollars dollars' worth or of money and stamps were sent b by the and treasury departments through the tho mail maJl on their own own account without loss Like the money order S system the tho re registered letter letter let let- ter system is being extended over the International boundaries ot of the tho world until until un- un til now It Is difficult to travel tar far enough to Jet get awa away from a place where one cannot can cati- not send or receive money by registered res mall mail Tomorrow THE TEE POST POSTAL L SERVICE Railway Mall Pay |