Rensselaer Journal, Volume 12, Number 31, Rensselaer, Jasper County, 8 January 1903 — Post Check Currency. [ARTICLE]

Post Check Currency.

There appears to be substantia) hope that one of the groat reforms in practical affairs, namely, a post check currency, is on the way towards realization. The details of this simple and convenient method have often been given. Briefly, it provides notes with a space reserved for assignment. The purchaser gets one of these notes or bills and on it places a two cent stamp and the address of the payee. He, on receipt, simply signs his name as now with a money order and the deed is done. This currency will be as low as 15 cents in denomination. It can by indorsement pass from hand to hand. On payment by the Postoffice Department it is sent to the Treasury ior cancellation, and as reissue will be only on redemption there will be no inflation of the currency. The plan has been thoroughly discussed by the press and no flaw has been found in it. That it will supply a want most widely felt is conceded. The wonder is only that a people so practical as we so long submitted to the wasteful and hampering method of transmitting small amounts.