Show TO HELP YOU SAVE NEW POSTAL BANKS OPENED FOR BUSINESS IN EVERY STATE IN UNION the new system expected to prove a boon to the poorer classes and Is intended to encourage thrift of all classes of citizens washington th through rough the practical institution of the postal savings ba banat system on tuesday january 3 the united states government will give the people facilities for saving a part of 0 their earnings tle of 0 these banks Is regarded na its tho the most far reaching financial step taken by the government since the authorization of 0 national banks banka and their operation will be watched with interest by fin financiers throughout the world the system is to be inaugurated on a comparatively small scale one po post at office in each state and tern territory tory has been selected as a depository in those fory forty eight offices a thorough test will be made it was decided to make tile the beginning thus small not only because no adequate appropriation was available to put it into general operation but also because the plan adopted differs entirely fro from in that of any other system in the world no passbooks pass books will be furnished d depositors po popl tors but all deposits will be evidenced by engraved postal savings certificates issued in fired denominations of 1 2 5 10 20 and 50 each bearing the name 0 of the depositor and the date on which interest begins to abc acc accrue rue dy by the terms of 0 the law no account for lest than 1 may be opened and no person may deposit more than in ny any calendar month or have to hla his credit at any one time more than exclusive of 0 accumulated interest accounts may be opened by any person over 10 years old in his or her he own name and by married women in their own names the accounts of 0 wives cannot be interfered with or controlled by the husbands |