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Sign up freeThe Wheeling Daily Intelligencer
Wheeling, Ohio County, West Virginia
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Criticism of high post office money order fees (10-20 cents for $15-50), deemed extravagant and against public policy; calls for Congress to establish cheaper system like reduced letter postage, noting banks charge far less.
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The fees or charges for money orders are as follows:
On orders over $15 and not exceeding $30...15 cents
On orders not exceeding $15...10 cents
On orders over $30 and not exceeding $50...15 cents
On orders over $30 and not exceeding $40...20 cents
Referring to these charges, the Cincinnati Commercial very properly remarks that they are extravagantly high and opposed to public policy. Such charges are as absurd as the old letter rates. For as sufficient reasons as cheap postage is established, we should have a cheap money order system. One-tenth of the present rates would seem about right. The banks draw drafts for a mere tithe of such extortionate charges. The post office committee of Congress should take this matter in hand at an early day in the coming session.
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The fees for post office money orders are listed as: on orders over $15 and not exceeding $30, 15 cents; on orders not exceeding $15, 10 cents; on orders over $30 and not exceeding $50, 15 cents; on orders over $30 and not exceeding $40, 20 cents. The Cincinnati Commercial remarks that these charges are extravagantly high and opposed to public policy, comparing them to old letter rates and bank drafts, and suggests that one-tenth of the present rates would be appropriate. The post office committee of Congress should address this in the coming session.