Details For Cover ID# 29096

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Cover Type: USA domestic with stamp(s)
Entered by: dwsnow
Added on:May 24, 21
Edited on:May 24, 21
 
Postmark: Aug 8, 1900
Origin: New York, New York, UNITED STATES
Destination: New York, New York, UNITED STATES
 
Description:

1899 2c red type IV (279B) tied by "New Yok Aug 8, 8 PM, (station) P, 1900" duplex cancel on local use cover with corner card of American Express Company, New York, with illustration of Minature of American Express Co. "Travelers Cheque". "New York, N.Y. Aug 8, 10:30 PM 1900" backstamp.

History of Traveler's Cheque:
Sometime between 1888 and 1890, J. C. Fargo took a trip to Europe and returned frustrated and infuriated. Despite the fact that he was president of American Express and that he carried with him traditional letters of credit he found it difficult to obtain cash anywhere, except in major cities. Fargo went to Marcellus Fleming Berry and asked him to create a better solution than the traditional letter of credit. Berry, who had invented the express money order in 1882, created the American Express Traveler's Cheque which was launched in 1891 in denominations of $10, $20, $50, and $100.

J.C. (James Congdell Strong) Fargo was the brother of Wells, Fargo & Co. co-founder, William Fargo.

Owner's ID: 2460
 
Certificate? No
For Sale? No
Stampless? No
Stamps:Stamp images are from reference catalog. Click image to view at larger resolution.
[SNS 87] SNS# 87 [1894 2¢ Carmine - USA Stamps 1894-1903 Regular Issue]