| Show STEl TAIvE TAI TAK TAIPI PI ff I e board beard of ot of ot oft ott t th h postmaster ter the UN attorney K general a and 4 o rotary of the treasury hr JiH 11 Id 1 their trot AnIt meeting Friday for fer the pun pury of oC the postal po eal savings bank law Into ta operation at the earliest po e moment It will take same e u to te work out the details but Nt wo we w are u that t t It t twill will not 1 bo long before the country is given a ab nee to J judge g of oC C the tha merits merit of ot the tho act to both lit parties parUM were lodged r ed and which the Republicans wrote late Jots the law We There waa ws some Ole oa on the part pan of the bankers bakers to te t Ute the passage pa eap of the bill bID but they that took tk t k no ne n Vary vory stand IB la th u matter mattor matt otter after the tho Preel President dent hie hla Intention of ot ing lug upon Its Ita passage The theory upon upen which the postal beAk bank system JR has Ines been Men founded rounded la is that a great many III poor p r people have bevc hoarded board funds rude they have hn been unwilling g for Cor various vado s r to de p t la orr Inary or other oWer banks sad and which It was b banks banka with backing would draw out ot and e able depositors tore to rece la Mr f r the tho same This theory to Is e horns borne out In M part by reason of r the Ute feat fact that many persona on chiefly 7 foreigners buy bay money mORe orders payable to SR and Ad net not only lose lota 10 the tho Interest on en n their money but pay a small sum for the Ute privilege of or being absolutely that their thair small sayings cannot sonnet be If loot lest Io t Ute the debate te em oft the tho bill the opinion was wu expressed that at lout least of et a funds wo would M be draws drawn from their hiding places pia os and anti find its lt war Into tato emulation ot if if the tho Moneys I received by postal savings blake banks IS ti per r ant is Ita to M be Ite de tie deposited deposited posited In la national sad MId state stat banks zt n the tho C b per par cent is to te bo be beheld held la In I the tits Untied United States treasury ua asa aa u aaa a reserve a guarantee of f the tile rity of oC the tit deposits and anet 30 3 per pet cent cont r av at any aey r time be he invested I in go gov government securities r The Tye basks banks receive the tho 65 SIt per Iter rrt of postal polled bank deposits will pay pa 4 pr PK t Interest for fer use UN of ot tho the thone sane ne and secure the tho suns sums so se depos de J Ir J oj by public bonds bond baek d by IJ taxing I 1 Deposits may bo be received from frem Children of I 11 or r eider and others ethers in inurns Inurns urns as se small ursil I as 88 U 1 and 11 not ot to exceed ex u at say any time u JM IN to the tho total erit rf of one ODe person It to Is the tho u belief of et the Ute and t tho OM e authors of the postal savings ravings f book bank WIt bit that thata the system will wiM work just as satisfactorily tt in tide this country as la in curepe and there these seems coms comsto to o 0 be goal cowl reason tor for such ouch II belief Hiler |
