Show EUROPEAN WAR HELPS Ui U. S S. S SAVINGS POSTAL Deposits Increase Unexpectedly Since B Beginning of Hostilities The war in Europe is proving a big hig boon to postal savings in this country From the very day hostilities opened across the seas lIeas postal savings receipts receipts re re- began to increase b by leaps and bounds and withdrawals fell off a re result result result re- re sult quite contrary to predictions pr dictions The forecasters failed to reckon on un the confidence pf of the American citizen cili citi- zen in the ability and purpose of the government to carry out its Us obligations obligations obligations obliga obliga- i at home and abr abroad ad Two Important results result have bave followed follow follow- ed Thousands of people largely of foreign birth accustomed to send th their ir savings s to foreign countries are arenow arenow arenow now patrons of our postal savings postal savings s SS S'S system stern s- s tern tem and enormous sums of actual cash have been released for commercial commercial commercial commer commer- cial uses at a time when the need ned of every available dollar is pressing The growth of postal savings In the United States has bas been steady and Wealthy healthy and the system has filled an important gap between the tin-can tin depository and the factory paymaster On July 1 when affairs were running smoothly here and abroad abroad and the the transmission of money across the Atlantic At At- antic lantic was safe and expeditious there was approximately of postal post post- al sayings standing to the credit of about depositors Since then over of deposits have been added and the number of depositors has las increased enormously This gain gains is s the more striking when it is con considered that the net gain gasn in the last three months is greater than the gain gam for or the entire fiscal year 1914 Scores Score of offices office have done more postal savings business since the war has las been going on than was done by them since the service began The increases are confined to no special locality but have been felt in every nook and corner of the country NewYork N New NewYork w York City alone made a gain in September September Sep- Sep ember of more more than a million and andr Brooklyn Brooklyn r k showed a r relatively l t big in in- crease cre Chicago reported a no larger gin ain in the past three months than for or the preceding twelve months More than new accounts account's were opened during the period period bringing the number of depositors in that city up to over The unexpected increase in postal savings business has not o only ly added greatly to the general administrative ve duties of the system but has brought up up- ma many y new problems which have c called for the personal consideration of Postmaster General Burleson The task has been lightened however by bythe bythe the he promptness of depo depository banks in n furnishing additional security to meet neet the increased c deposits A Anum num number numer ber er of the largest banks bauks in the coun county count coun try ty which have heretofore declined to to o qualify as depositories s for postal savings funds are now now among the eager applicants for them Read All For His Country I FRENCH ARTILLERY IN ACTION y w rt r V r r a- a aV VY V- V r b h. h C S wa Y wN o 9 yn Nr r N pi m 1914 by American Press Frees Association |