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Show POSTAL SAVINGS BANkS. t-t Arguments pro nnd con on tho postnl savings banks' question havo but llttlo weight now; these Institutions Institu-tions aro duo to arrlvo In our midst In less than a week. Wo had better become well acquainted with them In order to herald properly tbolr coming. com-ing. . In Utnh, I'rovo Is selected as tho city to try out tho innovation; but It will not bo long, It Is assured, before tho system will bo extended to other places, which should Include Logan. For this reason wo desire to point out a few things In connection with the system which will enlighten tho general public regarding It. The following fol-lowing Is clipped from The Chicago Trlbuno: "Klrst and most Important of an for the depositor to tomember is the fact that tho postal savings bank is a federal fed-eral Institution. It Is not governed by state banking laws, and moroover depositors de-positors In tho postal savings bank placo their money there subject to tho law which created the postal savlngi bank and free from tho restrictions as to property rlglita as outlined by tho vast variety of stato laws governing tho rights ot minors, inarrlod women, parents, guardians, and others. Under tho act accounts may bo op-onad op-onad and deposits mado by any person per-son of tho age of 10 years or moro In bis or her own name. This money do deposited Is froe from the Interference Interfer-ence as to disposition by parent, guard Ian, or creditor. "A married woman may deposit money In her own nnmo and keep It safe and sound In tho bank without reference to the wishes or tho demands de-mands of her husband. "All Hint the postal savings law demands de-mands Is that the deppoBltor docs not open more than one account In. his own right. Tho postal savings bank will Issue certificates of deposit In stend of pass books. "It requires $1 to open a postal savings sav-ings account. This $1 will boar 2 per cent Interest por nnnum. This Intor-cst Intor-cst Is credited but once each year. As is a gonora) rule, fractional parts of a dollar will not draw Interest. This fcatuie Is truo of all savings Institutions." |