US Presidency
1912

D. W. VOORHEES. J. G. BLAINE. M. C. BUTLER. JOHN J. INGALLS. 0. H. PLATT. J. T. FARLEY. It would be difficult to mention the names of higher authority in the practical knowledge of our Government than those which are appended to this report. POSTAL SAVINGS BANK SYSTEM The Postal Savings Bank System has been extended so that it now includes 4,004 fourth-class post offices ', as well as 645 branch offices and stations in the larger cities. There are now 12,812 depositories at which patrons of the system may open accounts. The number of depositors is 300,000 and the amount of their deposits is approximately $ 28,000,000, not including $ 1,314,140 which has been with drawn by depositors for the purpose of buying postal savings bonds. Experience demonstrates the value of dispensing with the pass book and introducing in its place a certificate of deposit. The gross income of the postal savings system for the fiscal year ending June 30, 1913, will amount to $ 700,000 and the interest payable to depositors to $ 300,000.