Friday, August 10, 2012

Post office blues -- of 1842

In the mid-1800s, America's mail delivery system was beset by many of the problems it faces today.

The U.S. Postal Serviceis in trouble, and there's no telling whether it will survive. It's been battered by the Internet and a dragging economy, besieged by commercial competitors and stymied in its efforts to trim a costly web of post offices and delivery routes. On Aug. 1, it defaulted on a $5.5-billion payment to the U.S. Treasury for future retiree health benefits.


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