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Show LARGER I'twr 1. S 1NGS id 1'iisirs m ie rossiiu.F Larger postal savings deposits will now b.' accepted at the post office. This is ma. !t poitde t." an important impor-tant amendment to the Postal Savings Sav-ings Act just approved by President Wilson. A postal sa iugs depositor may no-v hao an account amounting to $1 upon whith intt'rest will be paid. Formerly i.'oM was the maximum maxi-mum amoint he could have to his credit. Th s enlargement of postal facilities will be ery gratifing to thousands of depoitors who hae already al-ready readied the old J.'.'oi limit and .ire anxious to entrust more of their savings to I'u.'le Sam. Another feature fea-ture of the amendment that will avoid further embarrassment to the public and to po-tal o'licials is the doing away with the limit on the amount that could be accepted from a depos.tor monthly. 1'nder the old law only SI1"1 could be deposited in a calendar month. The amendment abolishes this res' riot ion. Wh ile the Postal Savings System has already prove, 1 a signal siloes as is shown bv the fact that more than halt'-a-million depositors have over eighty million dollars standing to their credit, cred-it, still it has fallen short of meetii g the full demands of the public be cause of the restrictions which have now been eliminated. Postmaster General Burleson and Third Assistant Assist-ant Postmaster General Dockcry have been tireless in their efforts to ecure a modification of the limitations and the new liberalising legislation is particularly par-ticularly gratifying to them. |
