Show POSTAL SAVINGS BANKS SubCommittee of the Senate Sanate Consid Considering Considering Considering ering Various Bills Washington March 7 Bills to es establish establish postal savings banks intro introduced Introduced Introduced by Senators Carter Knox and Burkett were today considered by a subcommittee of hi the senate commit committee tee on postoffice and post roads ro ds con consisting consisting of Senators Carter Burrows Bankhead and Clay Postmaster Gen General General eral oral Meyer was before the subcommittee subcommittee and outlined his views on the subject Postmaster General Meyer stated to the committee that while the Knox bill was drawn in his department he was not wedded to that measure and was very ready to approve amend amendments amendments amendments ments of ot provision to be taken from both the Burkett and Carter bills bilIs The committee and postmaster general were agreed upon the plan for placing the thc funds to be secured by b the postal savings bank In the various national banks of the country at a rate of in interest Interest interest terest sufficiently large to pay depos depositors deposItors depositors 2 per cent and to defray all at attendant attendant attendant expenses Speaking today of f the chances of se securing securing securing curing action on on this bill Senator Car Carter Carter Carter ter chairman of the subcommittee said saidI I have no doubt the senate will pass passa a bill embodying ing the postal savings principle There Ther will be further meetings to I discuss the measure |