Still in its infancy, the international money-order system has already reached importance in the magnitude of its operations. The sums sent by means of it were, in 1874, $1,499,320 to Great Britain, $701,634 to Germany, and to the little inland republic of Switzerland $72.287.
The dimensions to which this new method of financial intercourse between the different peoples of the globe is destined to reach may be inferred from the growth of the domestic money—order service. In 1874 the number of orders issued was 4,620,633, representing $74,424,854. The erroneous payments having been but one in 59,677, it is plain that this mode of remittance must make further inroads on the old routine of cheque and draft, and become, among its other advantages, a currency regulator of no trifling value.
Our post-office may almost be said to head the development of the century. The other lines of progress in some sense converge to it. The advance of intelligence, of settlement, of transit by land and water and of mechanical and philosophical discovery have all fostered the post, while its return to them has been liberal. Thus aided and spurred, its extension has approached the rate of geometrical progression. Its development resembles that from the Annelids to the Vertebrata, the simple canal which constitutes the internal anatomy of the simplest animal forms finding a counterpart in the line of mails vouchsafed by the British postmaster-general to the colonies in 1775 from Falmouth to Savannah,