Show POSTAL SAViNGS SAVINGS BANKS I BILL IS INTRODUCED I Washington Feb 19 19 Senator Knoof Knox Kno of Pennsylvania Introduced a bill hili this afternoon to establish postal savings sn banks The plan he lie proposes me meets ts the th approval of ot the President Section NoL No I 1 L authorizes the pOt postmaster to designate nato nate as postal savings banks such mone money order as ho ma may se- se led which shall be required to accept from tho the public whatever deposits ar are aro offered and dispose of or them In accordance accord accord- ice ance with the law Accounts may be bo opened lJ by rry person person per per- son ten years ars old or over ove over by married women by trustees by arents parents guard guard- Inns or benevolent or charitable so- so cleties Deposits are to be received In dollars only only In person or b by mall mail No sum- sum loss less than titan one dollar is to bo ho accepted Interest to bo o paid at nt tho rate of two per cent payable quarterly on the last days of or September December March and June Postal savings s ms may be bo deposited b bythe by tho the postmaster with tho tIme approval al of the secretary of the tIme treasury in national national na nl- na- na banks to lo be selected by the postmaster post post- master general comptroller of or the treasury comptroller of or the currency at a a. rate of or Interest to bo be de decided b bythe by bythe the secretary of the treasury |