The International Monthly, Volume 4, No. 3, October, 1851Various
History
The International Monthly, Volume 4, No. 3, October, 1851
Various
Art, Modern -- 19th century -- Periodicals; Literature, Modern -- 19th century -- Periodicals; Science -- History -- Periodicals
The Scotch transactions fell off considerably in the year 1849, but the
English and Irish offices have steadily increased their business, nor is
any effect perceptible in the latter country, either from the famine or the
rebellion. The return of "money orders issued" is distinguished from that
of "money orders paid," and the difference between these gross amounts is
no less than 11,000_l._ in favor of the Post-office for the year ending the
31st of last December. Some of these orders will no doubt have come in for
payment during the current year, but we suspect that ignorance, negligence,
or accident must be leaving an appreciable balance to accumulate on the
side of the office. Country bankers, we believe, used to reckon upon a gain
of 5l. per cent. on the score of notes lost, mislaid, hoarded, destroyed,
or otherwise not presented for payment. Money orders are doubtless more
rigorously exchanged for cash, but there must still, we imagine, be a
profit from this source, especially as the Post-office circumscribes the
term of its liability, which bankers did not. The total expenses of the
Money Order offices, both in London and the country, are returned at
70,577_l._ and the total amount of commission received at 73,813_l._--a
fair balance of charge and service.
The actual benefits, however, of this prodigious reform extend far beyond
those immediately represented in the figures we have given. It is not the
mere saving of 4d. or 5d. on a letter by which the country has so
enormously gained. The facilitation of business, the diffusion of
information, the correspondence of friends, and the maintenance of family
connexions, which in old days were severed for ever, are the real and
inestimable advantages of Mr. ROWLAND HILL'S invention. Like most
reformers, he had to contend with violent and not always sincere
opposition. The system, indeed, was long deprived of a fair trial by the
obstinate resistance of those who should have aided him, and it is mainly
owing to this concerted hostility that the results are not as favorable to
the revenue as they are to the welfare of the country. But the principle is
now established, and of all the reductions which a Chancellor of the
Exchequer has ever made there has been none attended with such universal
relief, convenience, and benefit as this sacrifice of 800,000_l._ for the
sake of the letter writers.
OCTOBER.
BY MISS ALICE CAREY.
Not the light of the long blue summer,
Nor the flowery huntress, Spring,
Nor the chilly and moaning Winter,
Doth peace to my bosom bring,
Like the hazy and red October,
When the woods stand bare and brown,
And into the lap of the south land,
The flowers are blowing down;
When all night long, in the moonlight,
The boughs of the roof tree chafe,
And the wind, like a wandering poet,
Is singing a mournful waif;
Public-domain text, read in full here on John Shaqi.
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