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Earlier similar services were known as Money Letters.
While dying in a San Francisco hospital, Mooney, at 59, had only a few visitors, only a few money letters from friends.
The delivery of letters was undertaken by two postmen, they collected 4 groszy for each letter delivered or 8 groszy if it was a money letter.
"Now brokerage firms have their own funds," said Walter Frank, chief investment officer at Donoghue's Money Letter in Ashland, Mass., which tracks mutual fund performance.
"It's unlikely the decline will be recovered soon," said William E. Donoghue, publisher of the Donoghue Money Letter in Holliston, Mass.
"If funds were doing repos and not taking physical delivery, I'd question that," said William E. Donoghue, publisher of Donoghue's Money Letter, an investment newsletter based in Holliston, Mass.