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Show EXTENSION OF POSTAL BANKS IS ADVISED , NEW YORK, Auk. 2 7 - Kxt cnslon Ot the postal savings system at anj attraotlVfl nits ot Interest by th gov-; eminent to furnish bunion'-' laellUies to th. r.e.i i.ody of common peopl was urji-d bere tud i by Eugene Mvy-ii. Mvy-ii. Jr., former managlm; illrector of the war finance corporation AppoarliiK beforo tho leoate special committee pn reconstruction and production, pro-duction, tho financier proposed legislation legis-lation to authorise Daymen! ot a tout ht cent rate oi Interest on po.-i;il f.-iv-rngs deposits Instead of the present lm, per cent. Ibj also .nl-"ea ted In-I In-I eluding all the 5RC000 postofflces. branches and sub-Slutlons as deposl- Proper organisation and id minis-1 trillion. Mr. Meyer said, could gain Savings deposits within a year suffl- lent to pay off the floating nation s Indebtedness Ho a8 SJ,,1 thut with proper handling, deposits oould bs ln-i ln-i n ased to cover a large part, if not o the Victory loan of more than 4,000,000r000 maturing In 192J. Taking up of treasury certificates by postal Savings, he added, would relieve re-lieve the banks of tho burden The redemption of certificates would further fur-ther bring about, he said, a rise in Liberty bonds of from tlve per cent to 10 per cent. |