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Show POSTAL SAVINGS I'lyery pen oil in tho L'niled S-.ales leu eai.s (ld or ocr may ope:: an ac eonnt in a postal siivings b.-.nk after .Inly 1st, Hi.-eoriliiig to an iuti tractive leallet on the l'ost:il Sa'ings S'i.ein ju: l ::::uietl h' l'o:,t in aster tieneral liutleson. Thin important extension of the service' will be made possible by peni. ii'Jn;; p"isoi;s living in coni-in coni-in tin il i'.'.s so spar'-'ly seltled as not to justify the designation of their local post o(hees as legular postal savings banks lo open accounts by mail. Governor Dockery, Third Assistant Postmaster General, who has direct supervision of postal savings, was so impressed by appeals from all over the country to open 'postal- savings iH-rounU- by mail that lie took up the task some weeks ago of working out a feasible and sate method for meeting meet-ing a demand well illustrated in a Utter from a Saline County Missour-ian, Missour-ian, who resides many miles from a postal savings bank. "Having a few hundred dollars saved from fifty years of hard and : assiduous labor and skimping economy econ-omy on the part of my wife and myself, my-self, we concluded to deposit it in the , Postal Savings Dank of -. We wrote to the postmaster at that place and received reply to the effect that none but patrons of that ollice could deposit in that office which is Very ilis-tpnoinl ing news to us. Our little . farm is not large enough to support jus and land is so high that it is im- possible for ns to buy more with (what little we have saved and we are .so old that ve can't labor much now (and we would be so glad to lay by at least enough to put us away in decency." de-cency." I I'ndpr the plan adopted by the rostmaster General for opening ac-eoi'i.ip ac-eoi'i.ip by mail an intending depositor residing where there is no regularly designated postal savings bank, will npplv to h'S local postmaster who will see that necessary identification data is prepared and forwarded to a nearby near-by post office authorized to accept do. I posits. The intending depositor will I then be given permission to forward .his first and subseouent. deposits by ) money order or registered mail direct to the rostmaster at the banking point for which receipts or certificates certifi-cates will be issued. He may withdraw with-draw all or any part of his postal savings bv mail and on demand together to-gether with any interest that may be due him. j The new leaflet points out that any person ten years old or over may open an account in his or her own name; that an account, may be opened open-ed by a married woman free from any control or interference by her husband: that post officials are forbidden for-bidden to disclose to any person, except ex-cept the depositor, the amount of any deposits: that w-ithdrawls may be made without previous notice; and that (he Government guarantees to repay all deposits on demand with accrued ac-crued interest. The leaflet will soon be printed in ?.2 foreign languages for distribution th vouch local post offices. The foreign for-eign " languages fov distribution through local post offices. The foreign-born citizen has taken very kindly lo postal savings, and literature litera-ture in his own language will be of great assistance to him. In a recent article, Postmaster General Burleson commented on the foveigii-rjorn u-positor u-positor as follows: "Upwards of 500,00: depositors now have accounts in the Postal Savings Sav-ings System and they represent every nationality on the earth. They also represent almost every known occupation occu-pation professional men, theatrical people, mechanics, laborers, fishermen, fisher-men, pack peddlers, etc. But fhs majority ma-jority are wage-earners, and of this class the foreign-born largely predominate. pre-dominate. A census of depositors taken bv the Post Office Department shows that approximately 40 per cent 1200.000) of the depositors are foreign-born citizens and they own more aitlian 50 per cent of the deposits i I splendid evidence of the confidence al our newly acquired citizens in tne ability and good faith of their a- 1 lopted country to fulfill its obliga- tions. "There is another reason which led immigrants, unfamiliar with our language lan-guage and business methods, to turn to the Government to safeguard their humble savings and that veason is the disastrous experiences many of them have had by the failures of bogus "private banks" officered by swindlers swin-dlers of (heir own tongue who have preyed mercilessly upon their loneliness loneli-ness and credulity." Poslal savings receipts have broken brok-en all records the past, year. During the eight months prior to April 1st there was a. net gain in deposits of $19, lino, 000, as against a gain of jS.nnO.non lor the same months the year heiore. Thousands of new accounts ac-counts have hC" opened and the millions mil-lions made up largely of hidden sav-i sav-i ings ha vp been turned into the chan-1 chan-1 pels of trade just at a time when .(here was pressing demand for every j dollar. |