Show TO HELP YOU TOU SAVE NEW POSTAL BANKS OPENED FOR BUSINESS IN EVERY STATE IN UNION the new system expected to prove a boon to the poorer classes and Is intended to encourage thrift of all claesen dieses of citizens washington through the practical institution of the postal savings bank system on tuesday january 3 tho the united states government will give the tha people facilities tor for saving a part of their earnings the establishment of these banks Is regarded as the most far reaching financial step taken by the government since the authorization of national banks and their operation will bo be watched with interest by financiers throughout the world the system Is to bo be inaugurated on a comparatively small sie scale one post office in each state and territory has hag been selected as a depository in those forty eight offices a thorough test will be made it was decided to make the beginning thus small not only because no adequate appropriation was ava available flable to put it into general operation but also alao because tho the plan adopted differs entirely from that of any other system in the world no Pass passbooks books will be furnished depositors po tors but all deposits will be evidenced by engraved postal savings certificates issued in fixed de denominations nomina eions of tl 1 92 2 ta 5 10 20 and 50 each bearing the name of the depositor and the date on which interest beg leelna ins to accrue by the terms of the law so me account for far less than 1 may bo be opened and no person may deposit more than in any calendar month or have to his c credit at any one time more than exclusive of accumulated interest accounts may be opened by any person over 10 years old in his or her own name and by married women in their own names the accounts of w wives ives cannot be interfered with or controlled by the husbands |