The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1874-11-12
Po.tnl saving. Banks.

We have several times referred to the suffice,
Of post Office savings banks. aud recomme. died
their establishment. Though no uuthoriiy exists
here at the present time for adopting the system,
the suIj-et Is one which should be examined and
if found practicable aud advantageous. the ear les,
opportunity should be taken to secure the ueees.
sary legal authority TO give it fair trial The
machinery Is so simple. the outlay so small, and
the good results derived from il 80 numerous that
Wherever it has been tried. it has proved a sue.
cess. The system is q very simple one and con-
sisis in authorizing The postmaster to receive de-
PosiIs Of any amount, entering them in deposit
boUk. and for all such deposits. The government
becumes responsible. We copy below the rules
adOPlediu Canada, where as IN every other coul,.
try that il has been introduced. it has won public
favor. in must extraordinary degree = q
The direct security Of the Duminion is given by
the Statute for all deposits made
Any person may have drposh account and may
drpbst yearly any uumfrr 81 dhllarE fr,Im 81 up 10
$500, or more with the pvruissuu the Postmaster
Grut raj
Deposits may be made by married women and de
p''si.s 50 made, ur made by w,,Ien Ehn shall apr
wards marry, VIII be repaid Ia any such woman
AZ RESPECTS children ufdrr ten yrars ul age MONEY
msy be Deposited, Firsiy-B, parrnt or lri,.nd ma
Trustee for The child. SeeVbdly-Inthr ehild's uN
name.
a deposition in any Of the Savings Bank P ct or
hrrS msy Continue his deposits al any other of such
offices, without notice or change af Pass ,uk aud
eau ~ithorAw MONEY at thar Savings Bank Ofier,
which Is m'rst convenient i' him.
Each dgpusiiUr Is supplied with q Pass. Book
Which Is tu be pruducen Ia the P..slmasttr ,yetX
time tue d. p,rii"r pass 10 or whdraWs money, and
Gums paid in or Withdrawn are rnirrrd therein
by Tue Postmaster receiving Or lEying the Samr
When deposition Hishrs tu withdraw money he
can do SO 10y applying 10 the Postmaster GrHersI
VII" Viii send by return mail rhrqur iur the
sm"unt payable In nj any IviEgs BAuk P. 81 Office
thu deposIiOr may have named in his spalcaIi.n
Interest al the rate Oi pr cent per annnm AZ Al
Inv ed deposits ia the ssFdil=ry Pass Bk d.t,..sii
account, aud the inirF<t Is added The principal
TN the SO b ui-June IN each yt4r
Pslsimasiers are forbidden by law TO disclas4 tI-
name oil any deposition, The amount of any sum
deIsssiled Withdrawn.
Ne Charge Is made 10 drpOsiiars on paying In or
drawing out mOury, nor fur Pass Bltk@. nor Tor
p stage on COMMUNICATIONS with The P,,sfu,astrr
Gsiieral in relation To fh,ir Deposits
The Postmaster General Is always ready 10 receive
aud Hiie'dio ell arIlieaiis. complaints ar other
communications addns>rd Ia him tag drt.osiiurs cor
"'hers, relative 10 Post OHice Savings Bank busi
Nee.
The rules which regulate The government saw
ings banks vary sumeu hat in different eouulris..
bat are u the same general tenor. To apply The
system to our own kingdom it would be nece.
cary 10 designate in The irst instance one 1r Two
post Offices on each prineipaIi-Iund. suy at IEpnu
lalu. Lah4ina. wsiluku. Koua IIilo. and 'Ko-
lOa. the pOsImastersUf which should be instructed
10 receive deposits on uue or two days Of earh
week, under regulations and rules established IUr
the ppPoss a-ii'- 81 ,---- ~
Bas The simple opening Of such Offices would