People's Pilot, Volume 4, Number 38, Rensselaer, Jasper County, 9 March 1895 — Issued 21 Money Orders. [ARTICLE]

Issued 21 Money Orders.

The red letter day was reached in the postoffice Saturday when twenty-one money orders were issued. The increase was immediate and phenomenal following the notice published in the Pilot and shows what a little advertising will do. Don’t send postage stamps or money in your letters when three cents will pay for a postal money order up to 12.50.

It may not be understood by everybody that the postoffice can be used as a bank of deposit, but such is the case, and several millions of dollars is annually placed in Uncle Sam’s hands for safe keeping, especially is this noticeable in panicky times when people become distrustful of banks.

To make a deposit in the postal bank you must buy a money order, payable to yourself at some other office, Chicago for example. Such an order is payable at any time within one year, either at Chicago or at the office of issue, and is absolutely safe, for even though you lose your order, a duplicate can be obtained. It would be much better, of course, if the government would institute a regular savings depository with the the postoffice, and allow a small interest to its patrons. The deposits could be used by the government to pay off its bonded debt, and would be more than ample to do so, even though it offered but two per cent for time deposits, so secure would depositors be in their savings. Harper’s Young People (§2.00) and People’s Pilot both one year for §2.50.