Show POSTAL SAVINGS banks shbuli they be established would be one of the most popular bureaus of government Every nk failure every thieving cashier shakes the confidence of the maeaea in financial and savings insti tntione The amount of money yith drawn from Boston banks the day following the closing of the Pacific National was something enormous yet the Boston people are proverbial prover-bial for confidence in their banks The discovery of Cashier Baldwins stealings from Mechanics Bank Newark caused runs on several New Yprk banks some of which would have gone down had not othez institutions gone to their relief with ready cash The breaking of a bank rushes vast sums intojetockings and bureau drawers where it lies bothering i bother-ing the owners and returning them nothing in interest until they can months or perhaps years afterward coax themselves into confidence once more in banks A government govern-ment savings institution woulj of course be regarded as absolutely safe a consideration which figures more largely with the great masses of small money holders than the rates of interest The man who can spare from his wage one two or five dollars a week wants to feel that his money is where he can get it at any time and if it can be in creasing a little all the time so much the better Tbe postal savings banks should they be instituted would be patronized almost exclusively by the poor men and women who toil and whose savings will seldom amount to 500 and oftener be less than 100 The rich will employ I i em-ploy their money as they do now in aotiveoperatione and bank it as they do now taking whatever risk there may be If Congress shall provide postal savings banks the coming winter win-ter arranging the methods deposits and withdrawals convenient and simple sim-ple so as to be safe and easily understood under-stood it will do good service to tbe country |