Show POSTAL SAVINGS BANKS the experience of 0 fiance england Bel belgium glum abedin holland russia bursia Aue lustila tila hungary ili gary canada and australla australia with ith postal postal savings banks Is to that the masses of 0 the people dereve dc decided advantages from having among them every everywhere here sate safe de depoll post boiles for or their small savings managed in connection with the PL offic e department f part or ment it Is 13 claimed in behalf ot of buch lanks that they benell a class not reached by other sayings savings banks their unction function Is thus di dew bribed by a distinguished au dished french writer it Is the savings bank which has haa taught the workman of franco france how low he can become a capitalist e a in ili moderating ills ill consumption to bring it within his production pio pi an and d lit in amassing the excess called sayings savings in a fruitful place in complete ae e out cuilty ity from tho the bank he learns liow holy capital c n apitai Is fi formed and how it can call be produced the savings bank Is in fact a school aich which seems to lie be created for tho the apprenticeship of industrial business jt it teaches a man imn to govern h himself ini to leslil bad or useless impulses and so aids in building up it a sound discretion which Is the first bucce success in life the ce of facilities tor for sa savin v ing and obtaining a small interest on onos ones accumulations affects the character as aa well as the wealth ot of the people not only la is capital created and the rainy day provided against bul habits of sobriety and thrift which are elements of lonial excellence are g leally promoted in tho the november ber issue of the annals of the american Aine academy te ademy of political ron and special social science there in an article by 11 I 1 T heyn on postal savings hanks in which lire are enumerated the advantages to be derived in tile the writers opinion from adding a bank feature to the operations ope aliens lations of our department these advantages are as follows postal savings banks would furni th a safe bate place for tho famines earnings of 0 the laboring daises and stimulate them to habits ot of saving at present such sums as they hoard are kept out of use to the aggregate amount anio lint of hundreds of millions million si thus I 1 producing a seat seal city of money whereas I 1 it their san ingo were ere put in bank they would be restored ret reb to active use ilter after a few years the amount deposited with the ire department would approach a L billion dollars and if applied to the retirement of government bonds would wholly ivil oily extinguish the public debt to bondholders bond holders not only would the moral tone of citizens be improved ly by depositors but the stability gow government would lie be increased by tile the practical it I 1 interest depositors would have in 1 its E I 1 c hare in the kingdom deposits deposit are now received it at llodo from 9 a in to C G 1 p in the 1 depositor I epo receives from the post postmaster m ter a passbook pasel look in wh which fell ate aie rd ald the ile deposits and withdrawals any sum ft from om 2 25 cents up to may be deposited in orie one year lid and I 1 I 1 interest n terest Is raid paid on any sum ourn that Is a multiple multi plo of 5 i and la Is compounded withdrawals may be speedily effected by telegraph or otherwise A depositor nay may if 11 lie li chooses have liln bb accumulated a deposits depot ll invested in government lions small savings may bo be matl by the pun iane base of postage stamps I 1 A when lien they abey reach it a certain amount are recorded n an deposits deposit t there aro are a in il which the children are arc en ell cou courard coura sd to mav liiv through tho the anchin ply nf if the he fec a lb ilir rk lc coming to in the refund at intervals to the stamps tine and furnish passbooks pass books tile the 11 1 div e deposits in postal savings avic at tile the nil fit of isil 1 l N was as tile yarm yr arti increase kwing being V ile sides this 6 ciul deposit depositors depository ori hold held bonds ono out of hoven por persona sons in england 14 now a depositor in ili the vo cotal tal bankc fit n 1993 abow were aliMI Sll deposits ili made n le ak find miti withdrawals ing operations op fire arc on oil LL 0 large neale ecale in the pontal S tea tUrca of other officials hae nl al limes urged urd upon congress Coner cBs tile iho lilea idea ot of utilizing the for the acca initiation luul atlon as well as the 0 of f money insisting up lip its ll 11 utility I 1 in n t tha he I 1 distrait 05 but so HO far con arrea has not deemed the matter lip 0 sun 1 |