Show TO HELP YOU SAVE NEW POSTAL BANKS OPENED FOR BUSINESS IN EVERY STATE IN UNION the new system expected to prove f s boon to the poorer classes Clase eo and Is intended to encourage thrift of all classes of citizens washington through the practical institution of the postal savings banh system on tuesday january 3 31 the united states government will give the tha people facilities for saving a part ol of their earnings tle the establishment of these banks la Is regarded as the most far reaching financial step taken by the government since bince the authorization of national banks and their operation will be watched with interest by financiers throughout the world the system Is to be inaugurated on a comparatively small scale one post office in each state and territory has haa been selected as a depository in those forty eight offices a thor ough test will be made it was decided to make the beginning thus small not only because no adequate ap atlon was available to put it into gen oral eral operation but also because the plan adopted differs entirely from that of any other system in the world no passbooks pass books will be furnished depositors po but all deposits will be evi danced b by engraved postal savings issued in fixed denominations of 1 1 2 5 10 20 and 50 each bearing the name of the depositor and the date on which interest begins to accrue dy by the terms of the law no account for less than 1 may be opened and no person may deposit more than in fany any calendar month or have to his credit at any one time more than exclusive of accumulated interest accounts may be opened by any person over 10 years old in his ar or her own name and by married women in their own names the accounts of wives cannot be interfered with or controlled by the husbands |