Lippincott's Magazine of Popular Literature and Science - Volume 17, No. 098, February, 1876 by Various
page 22 of 273 (08%)
page 22 of 273 (08%)
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dated River Muskingum, November 5, 1785," describing a voyage down the
Ohio from Fort Pitt and the wonders of the country much as Livingstone and Du Chaillu do those of Africa. The time is less now to Japan, and about the same to New South Wales, with both which countries we have postal conventions-i.e., a practically consolidated service--far cheaper and more convenient than that maintained on the adoption of the present Constitution between our own cities. Our foreign service with leading countries is combined, moreover, with an institution undreamed of in that day--the money-order system. Under this admirable contrivance the post-offices of the world will ere long be so many banks of deposit and exchange for the benefit of the masses, effecting transfers mutually with much greater facility, rapidity and security than the regular banks formerly attained. Still in its infancy, the international money-order system has already reached importance in the magnitude of its operations. The sums sent by means of it were, in 1874, $1,499,320 to Great Britain, $701,634 to Germany, and to the little inland republic of Switzerland $72.287. The dimensions to which this new method of financial intercourse between the different peoples of the globe is destined to reach may be inferred from the growth of the domestic money--order service. In 1874 the number of orders issued was 4,620,633, representing $74,424,854. The erroneous payments having been but one in 59,677, it is plain that this mode of remittance must make further inroads on the old routine of cheque and draft, and become, among its other advantages, a currency regulator of no trifling value. Our post-office may almost be said to head the development of the century. The other lines of progress in some sense converge to it. The |
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