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Montgomery Ward Rant About Stamps

 
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Pillar Of The Community

United States
611 Posts
Posted 11/26/2012   7:09 pm  Show Profile Bookmark this topic Add 1847bill to your friends list Get a Link to this Message
I received this book from a friend to sell on ebay. The inside last page has this rant about the backwood use of postage stamps as currency. an interesting thought that never took off.

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Pillar Of The Community
USA
9748 Posts
Posted 11/26/2012   7:30 pm  Show Profile Bookmark this reply Add philb to your friends list  Get a Link to this Reply
Sounds like they got a problem !
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APS 070059 Life Member International Society of Guatemala Collectors I.S.G.C. #853
Pillar Of The Community
2361 Posts
Posted 11/26/2012   8:34 pm  Show Profile Bookmark this reply Add doug2222 to your friends list  Get a Link to this Reply
"Postal Note" stamps worked very well (so they discontinued them). Guess money orders were more profitable. See Scott Specialized #PN1-PN18.
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Pillar Of The Community
United States
611 Posts
Posted 11/26/2012   8:43 pm  Show Profile Bookmark this reply Add 1847bill to your friends list  Get a Link to this Reply
I forgot to mention the booklet was dated 1892. I imagine the problem Montgomery Ward had was the pilfering of stamps by employees and the bookkeeping nightmare.
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Bedrock Of The Community
United States
12128 Posts
Posted 11/26/2012   9:07 pm  Show Profile Bookmark this reply Add wt1 to your friends list  Get a Link to this Reply
Here's another piece about how postage stamps were used by mail order firms (such as Sears and Montgomery Ward):


Quote:
"The heaviest usage of dated [precancels] was from July 1938 through the World War II years. The large mail order companies (Montgomery Ward and Sears) used them on into the 1960s.

Another note is that payment for orders was commonly made with postage stamps. These stamps were sent to the mail room, precanceled, and used on the outgoing mail. This practice lead to a wide variety of stamp issues precanceled."
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Moderator
Learn More...
United States
4788 Posts
Posted 11/27/2012   08:42 am  Show Profile Bookmark this reply Add kirks to your friends list  Get a Link to this Reply
It's not about the pilfering...

Montgomery Ward, Sears, and other mail order companies desperately wanted fractional paper currency so customers could remit 83¢ by mail in PAPER currency rather than mailing coins or purchasing a money order.

KirkS
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Valued Member
United States
58 Posts
Posted 11/27/2012   9:00 pm  Show Profile Bookmark this reply Add ChickasawStampMan to your friends list  Get a Link to this Reply
I remember getting sears packages with perfins on them. Usually hadlots of lower cent stamps nothing over 50 cent stamps. We were excited about the stuff in and on the package!! This was in rural Arkansas and on Mississippi gulf coast in the early 1960s.
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Valued Member
United States
302 Posts
Posted 11/27/2012   9:23 pm  Show Profile Bookmark this reply Add panda.bear to your friends list  Get a Link to this Reply
Very interesting and reminiscent of a time gone by when a cent actually had some value!
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