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Postal money order system revamped for nationwide use
Maryland's Farm Front This Week reports the July 2 1951 rollout of a streamlined punched card money order system. Patrons can cash at any post office or bank. the old requirement to cash only at issuing offices is gone. New machines, including the IBN Type 808 Proof Machine and the Electronic Statistical Machine, back the program described as the largest postal accounting change. Over 300 million money orders totaling up to five billion dollars were issued last year. Assistant Postmaster General Osborne A. Pearson will oversee the new system.
MENTIONED IN THIS ARTICLE
Jesse Mr. Donaldson
Post Office Department
General Accounting Office
Treasury Department
Federal Reserve Board
Osborne A. Pearson
Bureau of Finance
Federal Reserve Banks
Treasury
Richard M. Carson
Boonsboro
Maryland
Wm. T. Harris
Centreville
Jos. H. Blandford
Wm. H. Turney
Mr. Blandford
Ocean City
Department of Agriculture
Bar
PAA
PIA
PMA