| Show POSTAL SAVINGS Numerous inquiries are directed to the newspapers for information regarding the operation of the new postal savings bank law recently passed by The features are Under the new law anybody above the age of ten years may open an account at one of the postal No deposit of less than one dollar will be although the postmasters will sell special ten cent stamps which may be turned in after ten have been as a credit of one dollar on the depositor's No individual may deposit more than in any calendar month and no account shall The money accumulated in the postal savings banks is to be deposited in both National and State banks in the vicinity of the post-office in which the money is deposited by the such banks to pay two per cent Five per cent of the total deposits is to be retained by the secretary of the treasury as a cash Not more than thirty per cent of these deposits may be withdrawn by the government at any one time for investment in bonds of the United the remaining sixty-five per cent to remain on deposits in the This sixty-five per by direction of the be invested in may bonds or other government securities when to his thinking general welfare and the interests of the United States so the attorney-general The and the secretary of will decide the as which be authorized to receive |
