Business firms sending goods to customers in other cities often send at the same time sight drafts for the amount of the goods. These drafts must be accepted before the goods will be released by the freight company. A time draft differs from a sight draft in being payable a certain time after sight or after a certain date. This is a time draft "at thirty days sight," payable through a bank. Money may be sent safely through the mails by means of postal money orders which may be secured at any post office upon the payment of the fees shown in this table. With each money order a receipt is given which guarantees the sender against loss. Money orders are made payable to a definite person or firm just as checks are, and no one else can collect them unless the orders are properly indorsed and made payable to some one else. 1. Give the cost of sending postal money orders for these amounts. $3 $15 $1.75 $6.50 $22 $9.25 2. Find the total amounts, including fees, for money orders for these amounts. $1.60 $7.30 $4.65 $12.50 $45 $38.75 3. Ada Brown sent a money order for $4.50 to Harris and Baker of Philadelphia, to pay for a tennis racket. She gave the postal clerk a $5 bill. How much change did she receive? 4. Peter Lawton sent a money order for $7.85 to buy some seeds. He gave the clerk $9. How much change did he receive? 5. Mr. Richards sent a money order for $68.50 to a firm in Nashville, Tenn., for farm tools. He gave the clerk $70. How much change did he receive? 6. Mrs. Anderson sent away three money orders one day. One was for $1.80, the second was for $3.50, and the third was for $10. What was the total cost, including fees? 7. Bring in original problems about money orders. They may be orders that have actually been sent or orders for things that you would like to buy from some out-of-town firms. 8. Appoint some pupil to obtain from a post office one of the application blanks used in buying a money order. Learn how to fill it out properly. Express Money Orders The large express companies issue express money orders on the same plan as the post office. A receipt given guar 1. What is the cost of an express money order for $35? 2. Which is cheaper, to send $75 by postal order or by express order? How much cheaper? 3. Harold Parker bought an express money order of $3.75 and gave the clerk a $5 bill. How much change did he receive? 4. How much cheaper is a single express order for $45 than two orders, one for $20 and the other for $25? 5. Secure from an express office a copy of the blank used in sending an express money order. Learn how to fill out such a blank. 6. Make out an express money order to Jones Brothers to pay for a sweater which costs $7.98. Sending Money by Telegraph In cases of emergency it is possible to send money quickly by telegraph. The rates are higher than the rates for postal or express money orders. The rates for sending money by telegraph are based on the corresponding rates for a tenword telegram, as is shown in this table. Find the total charge for sending these amounts of money to places where the 10-word rate is given. 9. How much will it cost a merchant to telegraph $500 to his agent in New York when the 10-word rate is 60¢? 10. What amount of money must a Denver broker give to the telegraph operator to send $385 to a Chicago firm when the 10-word rate is 72¢? 11. A New York dealer telegraphs $240 to a Baltimore firm. The 10-word rate is 48¢. How much money must he give the operator? How 12. An agent in San Francisco telegraphed $500 to his Chicago headquarters. The 10-word rate was $.90. much money did he give the operator? 13. Using the table on page 117, make original problems about sending money by telegraph. Sending Money by Radio One of the large express companies sends money abroad by radio at these rates: 3% of the amount ordered, with minimum charge of $1.50 6é a word for the message A general service charge of 25¢ per order 1. Find the total cost of sending $100 from New York to Germany with a 9-word message. 2. What does it cost to send $60 from New York to Austria with a 10-word message? |