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1
435
Her Majesty's Mails
·
William Lewins
123
The
stipulations
made
were,
that
the
business
should
be
carried
on
at
the
cost
and
at
the
risk
of
the
originators,
and
that
they,
in
return,
should
receive
the
profits.
It
was
agreed,
also,
that
they
should
enjoy
the
privilege
of
sending
all
their
correspondence
free
of
postage--no
inconsiderable
item
saved
to
them.
Contrary
to
anticipations,
the
proceeds
were
considerable--not
so
much
on
account
of
the
number
of
transactions,
as
on
the
high
commission
that
was
charged
for
the
money-orders.
Their
terms
were
eightpence
for
every
pound;
but
if
the
sum
exceeded
two
pounds,
a
stamp-duty
of
one
shilling
was
levied
by
Government
in
addition.
No
order
could
be
issued
for
more
than
five
guineas;
and
the
charge
for
that
sum
amounted
to
four
shillings
and
sixpence,
or
nearly
five
per
cent.
When
it
is
considered
that
the
expense
did
not
end
here,
but
that
a
letter
containing
a
money-order
was
subjected
to
double
postage,
it
cannot
be
wondered
at
that
those
who
dealt
with
the
three
monopolists
were
few
in
number,
and
only
persons
under
a
positive
necessity
to
remit
money
speedily.
Such
a
system,
it
will
be
admitted,
could
not
of
itself
be
expected
to
foster
trade.
When
the
general
public
were
admitted
to
the
benefits
of
the
Money-order
Office--as
they
were
some
few
years
after
the
establishment
of
the
office--it
does
not
appear
that
the
business
was
greatly
increased.
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