Show SAVINGS BANKS Will MILL NOT BE CONSIDERED President to Recommend New Pos Postal Postal tal tIll System but Congress Wont Act Washington Nov 27 Recent confer conter conferences conferences I at the White house have pretty definitely developed two facts In con connection connection with the tha universal program of f the administration at the coming ses sos session session sion slon of at congress The first is that there is no probability of the monetary com corn commissions commissions missions report repart being reported or con considered considered The second Is that legislation looking toward the establishment of ot a system df t postal savings sayings banks will have to wait walt until the monetary com corn commission commission mission report Is made and a new cur currency currency currency rency law enacted Representative Weeks of ot Massachusetts Massachusetts Massachusetts chairman of the house committee on and post roads and Sen Son Senator Senator ator Lodge of Massachusetts called on the President today and when he left the White house Mr Weeks said it practically had been determined that postal savings banks would not be con considered considered considered at the coming session This does not mean that President Taft will not recommend such a system system tem tern of at banks in his message but it is understood the chances are that he will agree to a postponement of the consid consideration until next year One of ot the arguments which the Pres President PresIdent President ident has haa used In connection with the establishment of postal savings banks is that the money secured through these thes agencies as deposits could very well be used in taking up the 2 per cent govern government government government ment bonds which are a drug on the market and which the President thinks should never have been Issued at a low rate of interest |