One of the collateral purposes of the valun plan is to diminish and ultimately abolish the use of currency in payrolls, and thus diminish the use of currency in general. Currency is indispensable, but its present uses are excessive. This is due to its general use in payrolls, and to the unattractiveness to employees of the present checking method.

Under our plan, each employee will be entitled to a check account with an overdraft power with which he immediately can draw checks, thus making it possible for the employer to make up payroll once a month. To accomplish this, the employer will be supplied with a payroll check about the size of a letterhead, on which he will list the employees and the various sums to be credited to their accounts. This will be mailed to the bank, where the various sums will be entered as deposits to the accounts of the various employees. No checks will be issued to the employees, and thus will be obviated the necessity of their making individual deposits. This will dispense with a great amount of detail.