Show TO TB HELP IOU SAVE NEW POSTAL BANKS OPENED FOR BUSINESS IN EVERY STATE IN UNION the new system expected to provo prove it a boon to the poorer classes and is intended to encourage thrift of all classes of citizens washington through the practical institution ot of the postal savings bank system on tuesday january 3 tho the united states government will give the people facilities for saving a part of their earnings the of these banks Is regarded as the most far reaching financial step taken by the government since tho the authorization of national banks and their operation will ie be watched with interest by financiers throughout the world the system Is to be inaugurated on a comparatively small scale one post office in each state and territory has been selected as a depository in those forty eight offices a thorough test will be made it was decided to make the beginning thus small smal not only because no adequate atlon was available to put it into general operation but also aldo because the his plan adopted differs entirely from that of any other system in tho the world no passbooks pass books will be furnished de dc but all deposits will be evidenced by engraved postal savings car issued in ili fixed denominations of 1 2 5 10 CO and 50 each bearing the name of the depositor and the date on which interest begins to accrue by the terms of the law no account for less than 1 may he be opened and no person may deposit moro more than in any calendar month or havo have to tits his credit at any one time more mora than exclusive of accumulated interest accounts may be opened by any person over 10 years old in ills his or her own name and by married women in their own names the accounts of wives cannot be interfered with or controlled by tile tho husbands |