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Show BUSINESS DECREASES Postoffice Money Orders Or-ders Drop $12,000,000 in Past Year Washington Feb. 10 International j postoffice money order business i -crease) nearly $12.'iPu.nou during bfi lust year The decrease was due l- most wholly, ecorillng to postal authorities, au-thorities, to the operation In country of h postal Bai Ing i tem In tbe two vears preceding 'be Utbllshment of the system intern.i-tional intern.i-tional money order business increased St the rate of S17.non.unn a : ear. and during tho eight j ears previous to that period the average Increase was npproxiun'el $1,000,000 a ear. Thes- figures Indicate ih-it much money : iiereto'ore sent from tbe I'nited State-to State-to foreign countries for deposit and si Fekeeplng now- is being deposited 1 1 postal savings h;mkr Statistics prepared for Postmaster! General Hitchcock show that con-! paratlveTy little money depositetl in ;ihe postal savings system was with-drawn with-drawn 'rom banks The system, how-j ever, baS drawn from hiding pi k i -large sums of money put there elth- er through lai k of confiiien.ee in bank' j or because little encouragSinenl was II given to ill savings accounts Mr Hitchcock points out that under un-der the new system thousands of alb I ! residents allow their savings to re-main re-main In the .irekcepm;: of the gov - ernment instead of sending Uu ID abroad for deposit I In the 13.000 postal banks the dc- j pcrits now aggregate S.'o.ooo nun. m ' 1 Postmaster General Hitchcock is con- j fulent they will rench $50,000,000 d'ir-i d'ir-i ing the fiscal year. |