Social Comptabilism: The Cheque and Clearing Service in the Austrian Postal Savings Bank. Proposed Law laid before the Chamber of Representatives of BelgiumSolvay, Ernest
General
Social Comptabilism: The Cheque and Clearing Service in the Austrian Postal Savings Bank. Proposed Law laid before the Chamber of Representatives of Belgium
Solvay, Ernest
Postal savings banks; Postal savings banks -- Austria
The cheque bears to the right four series of figures going from 1 to
9. The first set corresponds to thousands, the second to hundreds, the
third to tens, the fourth to units; the four series united together
can express the sum of 9,999 florins, beyond which no cheque can be
drawn, so that if this part of the document is left intact, the amount
of the cheque will be 9,999 florins, provided always that the written
statement agrees with the series of figures. If a lower figure is
stated, then the number of the thousands, hundreds, tens exceeding
the amount desired must be cut off with a pair of scissors. Suppose
for example the cheque is to be for 782 florins; the column of the
thousands is to be cut off, figures 8 and 9 in the columns of the
hundreds, the last figure in that of the tens and the last seven in
the column of units. It is evident that by this ingenious method
of control, it will never be possible to raise the amount of the
cheque; it will be of no use to alter the written statement of the
amount in order to augment it, for it will never be possible to make
a corresponding alteration in the arrangement of the figures to the
right; by this process of cutting off, the cheque can only be reduced
in value but never augmented. And if the agreement between the written
figures and the combination of the figures resulting from this way of
cutting them out is not perfectly exact, the Central Office at Vienna
rejects the voucher as possibly fraudulent, at any rate erroneous.
_Firstly._ (_Cassa-checks._)
The cheque (of payment) can be payable to bearer at the Postal Savings
Bank at Vienna. In this case it is delivered to the person who ought
to receive the amount without the drawer having to transmit it to
him. This party can either bank it himself immediately at the Post
Office Bank at Vienna, or put it in circulation: this circulation
is authorised for fourteen days, but the voucher cannot carry any
endorsement. The cheque will be paid by the Office up to the time that
the credit account of the drawer is sufficient to meet it.
If the cheque has been delivered to a person affiliated to the
postal-service of cheques and clearing, he can have the amount put to
his credit instead of receiving it in cash.
_Secondly._ (_Zahlungsanweisungen des postsparcassen-Amtes._)
The customer of the Postal Savings Bank has the right to cause the
amount of the cheque to be paid into the hands of a particular person
in any one of the Post Offices; in this case he writes on the back of
the cheque the address of the person for whom he intends it.
[Illustration: FIGURE III.
Coupon 0
_Datum_ ..........
.... _fl._ .... _kr._
_an_ .............
......................
......................
......................
......................
0 [1]_Conto-Inhaber_: JOSEF FISCHER
_in_ JÄGERNDORF
Public-domain text, read in full here on John Shaqi.
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