The capital embarked originally in the Money Order business by the Clerks of the Roads was £1000, and it does not seem to have been, even with the countenance of the Post Office, a paying concern, for in 1798 the Clerks of the Roads abandoned it, their loss on the six years' trading being £298. Three of the clerks, however, continued the business as a private speculation, and the anomaly of the arrangement came in for a great deal of adverse criticism. At last, in 1829, a Commission reported that they entirely disapproved of such a concern being carried on by private persons for their own profit, and they recommended “that its management should be directly controlled by proper officers of the Department, and that the produce be appropriated to the Revenue.” It was nine years, however, after the Commission reported before the Postmaster-General was able to act on the suggestion, and to compensate the officers whose vested interests in the business had to be considered. ------------------------------------------------------------------------ [Illustration: THE LONDON POSTMAN. (Old Style.) ] The London postman of seventy or eighty years ago had to collect and account for the charge made on every letter, and there were no letter-boxes in front doors where he could discharge his correspondence. ------------------------------------------------------------------------ A large amount of coin was still sent by post, and with the intention of taking away all inducements to remit money in this way the commission was reduced in 1840 to 3d. and 6d. The number of Orders issued from 1797 to 1800 averaged 11,880 a year; in 1839, when the Post Office had taken over the business, the numbers rose to 188,000; and in the following two years after the rates were reduced the numbers were 587,000 in 1840 and 1,500,000 in 1841. The Penny Postage reform gave a tremendous impetus to the use of Money Orders, and by the year 1853 the number had reached 5,000,000. Further reductions and adjustments of rates were made, and by 1870 the number stood at 9,750,000 Orders issued during one year; and in 1878 the highest number on record was reached, viz. 18,000,000. On sums of 10s. and under, only 1d. had been charged since 1871, and this low charge was found to be unremunerative. There was a loss on the whole business, and the rates were raised again in 1878. The introduction of Postal Orders in 1881 led to a diversion of much of the Money Order business, especially in the matter of small sums.