The Dalles Weekly Chronicle

A BILL THAT MEETS A PRESSING NEED.

A postal fractional currency is provided for in Senator Kyle's bill No. 2531, now before the committee on post-offices and post-roads in the United States Senate. It provides that on and after Jan. 1, 1893, the issue by the post-office department of postal notes shall cease, and in their stead shall be issued a postal fractional currency in denominations of 5, 10, 25, 50 and 75c. This currency is to be furnished to all postmasters in such sums as the postmaster general shall deem proper, having due regard for the amount of business transacted. It shall be legal tender for sums less than $1, and shall be redeemable at any postoffice in the United States to the amount of $1, at any money order post-office of the fourth class, to the amount of $5, and in any postoffice of the first, second or third class to an amount not exceeding $10 in any one payment. Such postal fractional currency is to be furnished to the public on payment therefor at its face value in lawful money of the United States without other cost or charges. In this way fractional currency could be distributed in any part of the country where most needed. We trust that this bill will be enacted, for it is one of the great conveniences that people living in the country must have. It is a better and simpler measure than the fractional silver certificates which the house provided for in 1886, which was killed in the senate finance committee by the then secretary of the treasury, Charles S. Fairchild.