About the Book
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1884 Excerpt: ...to defray the expense of inaugurating the system. At the close of the fiscal year ended June 30,1865, eight months after the commencement of the business, the Anditor of the Treasury for the Post-Office Department reported 142 money-order offices in operation, at which 74,277 orders, amounting to $1,360,122.52, had been issued, and 70,573, amounting to $1,291,972.22, had been paid. The orders repaid during the same period amounted to $21,784.86, and the fees received for the issue of orders to $11,534.90. The expenses were $7,047.97 in excess of emoluments. The orders issued averaged $18.31 each, and the fees 15.53 cents each, or 8A mills to the dollar. The expenses averaged 25.02 cents to each order issued, or 13.66 mills to the dollar. The first complete fiscal year of the system closed with 473 moneyorder offices in operation on the 30th of June, 1866. During this year 243,609 orders, amounting to $3,977,259.28, were issued, and 233,124, amounting to $3,851,839.49, were paid. The orders repaid amounted to $52,050.73, and the fees received to $35,799.98. A net revenue of $7,138.79 was declared by the Anditor, an amount of $90.82 in excess of the deficiency of the previous year. The orders issued averaged $16.32 each, and the fees received 14.69 cents each, being 9 mills to the dollar. The expenses averaged 11.77 cents to each order issued, or 7.21 mills to the dollar. The last complete fiscal year of the system closed with 3,697 moneyorder offices in operation on the 30th of June, 1876. During this year the number of orders issued was 4,998,600, amounting to $77,035,972.78, and the number paid was 4,947,685, amounting to $76,632,571.45. The amount of orders repaid was 8473,767.40, and of the fees received $645,699.40. The net revenue was $190,770.84. The ...