Show POLITICS HANDICAPS tho the Postin rAer general admits that after ten years of activity the postal Savi lils Is s a failure in ili an all effort to revive the system it is proposed to increase interest rates on postal savings ivings Sc from two to three per cent and make maho a more act ivo campaign to secure funds increasing postal savings rates would not thrift or saying saving a any y more than at present it would simply tend to draw money out of private banks which now loan such funds tor for useful purposes A E L adama president of tho the first national dank bank or youngstown town ohio has demonist rated in his own institution tile tho falsity of any assumption that the foreigner for whom tho postal savings system was largely established ablis hed lied prefers tho the government govern government mint as ills his savings banker ile iio bays sa yi banking facilities aro are far moro more extensive par capita of population in tile tho more sparsely sp arcely settled states than lir fit tho the others no lack of such facilities has been found and probably continued on pago page six 1 from pago three HANDICAPS BUSINESS cannot bo be found the argument for postal savings system s la is sincere but is a typo 0 of that present marked tendency of groups of citizens to lo assume it a 11 national it need butof isolated cases thou then assume that governmental action la is necessary obtain the establishment of a now bureaucrat at washington if original plan falls extend it on oil tho the theory that the government govern mant stands committed and quite regardless of tho the effect upon private agencies every step such as hero here outlined la ili in ili tile direction of paternalism socialism and even chiy evory every atop induces other oilier stops steps each stop step is easier than tile alio ono beforce tho postal savings system is such a step every encroachment of government upon tho the operation of somo lino line of private industry makes further upon other lines that much easier |