Show T TIT fT FOR OR POST l SA DEPOSITS BEVERLY Mass Macs Aug u 26 26 President debt dent Taft indicated in in talks with callers Bailors yesterday that in his message to tc eon congress next December he will strongly lv urge the early establishment of a postal savings bank hank system lie He will ill ask that the Republican platform d declaration in favor of postal banks be fulfilled as aa speedily as President Taft believes belie several eral hundred hun hUD dred millions of dollars would be placed at the governments government's disposal through postal savings banks bank It is suggested ested that this money mi might ht well weil be employed I in n in taking II up the or outstanding of government 2 per cent bonds which have ha given iven much Concern to the treasury department of of- Already the bonds are selling below clow par and there is fear of further n. n The Thc president believes the postal banks would timid perSons persons per per- sons who are aro if afraid fraid raid to trust the ordinary ordinary nary banks and would rather get ct the small interest the government would give he than to place the money in the r regular reg- reg tular t- t ular savings rs banks hanks No Harm Probable By nr placing tho the interest to be ba allowed by hv the thA postal banks at less than tha 2 per perc percent percent c cent nt Mr Tuft is convinced that tuat no harm would be done to fo the ordinary banks bank of commerce for discriminating persons persona who now p place ace their money in these banks bank and are appreciative o of 01 what these banks aro doing for the tho community com corn would not not withdraw v money drawing a high hith rate and place it under government care all at kalf hI al the interest offered by the ordinary savings banks Secretary ry Meyer 1 strongly ly fa favors the postal banks Pres President Taft Taff expressed himself as 88 unalterably ed to a guarantee of bank deposits deposit lie He declared he did not believe o in making on one set of bankers stand responsible for another set |