Show HELP NEW POSTAL BANKS OPENED FOR BU BUSINESS SINESS IN EVERY STATE IN UNION the new system expected to prove a boon to the poorer classes and Intended Is Encourage to thrift of all classes of citizens washington through the practical ins institution of tha postal savings bank system on tuesday january 3 the united states government will give the people facilities for saving a part of their earnings the establishment of these banks is regarded as the most far reaching financial step taken by the government once binco the authorization of national banks and their operation will bo be watched with interest by financiers throughout the world the system is to be inaugurated un ULI it a comparatively small scale one post office in each state and territory has been selected as a depository in those forty eight off offices libes a thorough test will be made it was decided to make the beginning thus small not only because no adequate appropriation was available to put it into general 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 d depositors e po but all deposits will be evidenced by engraved postal savings certificates issued in fixed denominations df 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 0 of the law no account for less than 1 may be opened and no person may deposit more than in any calendar month or have to his credit abany at any one time more than exclusive of accumulated interest accounts may be opened by any per son over 10 years old in his or her own name and by married women in their own names the accounts acco ants of wives cannot be interfered with or controlled by the husbands |