Show VICIOUS Vt IOUS ATTACK ATTAK A Tl ACK UPON THE THEof POSTAL POST AL SAVINGS BANK BILL Senator Heyburn Predicts All Sorts of Calamities Calam ties Should Meas Pleas Measure Pleasure ure Become Law Washington Feb Peb 4 Senator Heyburn Reyburn today completed his criticisms criticisms criticisms of the tIle postal savings bank bill in the Senate but aside from his speech little progress was made in consideration of the measure I It will be before the Senate again tomorrow and Senator Carter in I charge of the measure expects a vote not later than next Thursday Mr Ir Heyburn Heburn declared the bill had been hem drawn so loosely that it if j enacted it must uc result in it scandal It should i c raid Faid be safeguarded more carefully t tan an some past legislation and he IH iR amed the corporation n tax law la which 1 t said already had bad been proved un Declaring his objection to the bill bilt he hec c aid there was wat as no provision for securing its that in providing for secrecy re regarding regarding regarding garding deposits depo its the bill would prove prow a to dishonesty and that in the end endt it lt t would be found to be impossible to find investment for the postal savings fund He contended that it was the duty dut of the committee on n to bring In a aF aF F Elf ifa f and proper bill and said he would rot support the measure as long s It placed the government in the balKing business as he cont contended nd d the pending measure did He declared the bill to be It a amere mere skeleton and he advised the com coin committee committee to take it back and put some sin c ws Wa and flesh upon it Mr Ir Heyburn spoke at length regarding he J possible abuses that might grow out of tho th secret methods provided in connection connection connection tion with deposits Mr I r Carter protested against this line liRe ot of reasoning saying that no legislation pro eded upon the theory that the average rian was a crook Would the s hr lii h tb tw names nam of ofil il lI deposit del b 3 ij nn ed 1 he ha asked I want vant an au open and candid conduct ot or I the business Mr Heyburn responded Would you advise the posting of the I names of depositors naked asked Mr Carter The Idaho senator responded that he had not n f reached that point and Mr 11 Car Carter Carter Cartar ter tar said You soon will reach it if you ou keep on Another nother interesting Ung colloquy between the western senators ran as follows Mr Heyburn Out of what fund would the Interest be he paid I Mr 11 Carter The bill contemplates the turning over of ot all surplus earnings for forI that purpose Mr Ir Heyburn II there are none I Mr 11 Carter Then it will devolve upon the board of or trustees to devise delse means Mr Ir Heyburn The bill devolves too many things upon uP n the uncertainties of the future In conclusion Mr MV Heyburn He burn pronounced the bill to be utterly vicious and predicted that in the end it would be necessary to pay the depositors del by appropriation out of the national treasury treasur In the discussion Mr Ir Smith of Michi Michigan Michigan Michigan gan made the predictions that if It the bill became a law the postal banks would become footballs of politics and that the rate of interest would prove provo a fruitful base for promises by b the unscrupulous of office flee fice seeker Mr Carter made no formal reply to the criticism merely asking to have the bill printed in the Congressional Record as the be beet t possible refutation of the representations representations of its opponents |