Rensselaer Semi-Weekly Republican, Volume 35, Number 40, Rensselaer, Jasper County, 23 January 1903 — A Post Check Currency. [ARTICLE]

A Post Check Currency.

One of the measures now pending in Congress is that whioh provides for what is known as “Post Check Currenoy,” whioh is in-_ tended to furnish a practical and convenent method of sending small sums of money by mail. A great deal has been written on the subject and the proposed measuie has tbe universal indorsement of the press as well as tbe business interests of ihe country. The “Post Cheok Cnrrenoy” is in effect a greenback in denominations from 25 oents to five dollars, whioh passes current like any other money until tbe holder writes in a space on the back the name of a person to whom he wishes to send it by mail. It then becomes payable to the payee only, and on bis indorsements is deposited in the bank and gets baok to Washington through the usual channels and is destroyed as ‘‘mutilated currency.”