Show POSTAL SAVINGS BANK BILL measure passed by the senate on lines washington by ft a vote of fifty to twenty two the postal sayings bank bill was waa passed by the senate late saturday afternoon As passed the S smoot moot amendment was included as also an amendment of senator borah the cummins amendment which would have confined during times of war the investment of postal funds in government securities was defeated py a vote veto or of 18 to 40 the bill as passed gives the money order de department in the post offices of the country authority to accept sunie of one one dollar or more from depositors and deposit these sums in the local banks where the money la Is to remain unless withdrawn by the president in kd case of war arother or other exigencies the control of the funds Is vested aked I 1 in a aaro boar of trustees composed of th the e po postmaster itma str general the secretary at 0 the treasury am ani the attorney fen en eral the aggregate balance allowed to any depositor ts is and no person Is permitted to deposit more mord than in any one month the government Is required to pay 2 per cent interest terest and must exact not less than 2 per cent from the hanks the extra quarter of I 1 per cent being re quiren tor for the payment of expenses and losses |