Show POSTAL SAVINGS BANK BILL measure passed by the senate on strictly party lines washington by a vote of fifty fatty to twenty two the postal savings bank bill was passed by the senate lilo saturday afternoon As passed the smoot amendment was included as also an amendment of senator borah ahe cummins amendment which would have hae confined during times of war the investment of postal funds in government securities was vms defeated py a vote or of IS 18 to 40 the bill as passed gives the money order department in the post offices of 0 the country authority to accept sums of 0 oue e dollar or more from depositors and to deposit these sums in the local banks where the money Is 19 to remain unless withdrawn by the president in cs casa of 1 war or other exigencies the control ot of the funds Is vested in a board of trustees composed of the postmaster general the secretary of the treasury and the attorney gen era eral the aggregate balante balance allowed to any depositor Is 00 and no per son la Is permitted to deposit moro more than in any one month the govern ment la is required to pay 2 per cent in terest and must exact not less than 24 per cent from the banks the ex tra quarter of 1 per cent being re quiren for the pigment of expenses and losses |