Evening capital journal. (Salem, Or.) 1888-1893, 1891-05-15
Royal Baking Powder is reported by
the u. S. Government, after official
tests, highest Of all in leavening power.
1t is the best and most economical.

De nelpeu SO nuCu ds W NC SuOWh
how to help themselves, or, rather,
to be more limited, to be afforded
proper modes of helping themselves.
They 90 not need charity or govern
ment aid or paternalism; all that
they ask for is absolute security and
convenient places of deposit"
The experience Of other countries
is given in detail. Great Britain
established postal savings banks in
1851. The number of postal savings
banks in tile year ended March 81,
1890, was 1858, the total amount
standing to the credit of depositors
S306, 1903, 149, and the number of
accounts one to every seven of the
population of England and Wales;
in Scotland one to every twenty-five;
in Ireland one to every twenty-five,
an average for the United Kingdom
Of one depositor to every eight in
habitants, with an average balance
ofS69. .1S to every depositor. There
were as high as $4,000 depositors IN
a single day, while the greatest
number of Withdrawals in single
day was Is, ,499. Canada has 113, l23
depositors and 22,413, 1913 stands to
their credit. In France the number
of open accounts is 1,129,984 and
their deposits aggregate $51 400, 200.
The number of depositors in Austria
is 7l9, ,431 and the deposits amount to
SS,5ll, $50, while Hungary has
129,S87 depositors with accounts
aggregating $1,4l2,6S5. Belgium
reports 593, ,979 depositors with an
aggregate balance Of $4S, ,699, ,644; the
number of depositors having trebled
In eight years. Holland holds
So, 1856, ,260 to the credit of 20l, ,763
depositors, Postal savings banks were
recently sanctioned in Russia, aud
Germany is believed to be the only
one of the great powers Of Europe
which does not possess the system.
Everywhere, the benefits to the
people are enormous. "The incul-
cation of the habit of saving leads to
better citizenship" says Mr.. Wana'
maker. "Every depositor in gov
ernment bank has, so to speak, a
stake in the country; he is therefore
against disorder and anarchy, and
our institutions are safer"
Mr.. WaHamaker maintains that
private banks do not meet all the
wants of the people. In some of the
states Iowa is not placed in this list
the state laws are inadequate to the
protection Of the poor depositor, and
nowhere are the banks sufficiently
numerous to accommodate all of the
people. Private banks in some
countries resisted the establishment
of postal savings banks on account
of self-interest; but experience shows
that private banks haye actually
been benefited by the habits OF
saving encouraged by the govern
ment system.
The chief obstacle TO the establish
ment of the system in the United
States is the lack of government
securities in which to invest the
deposits. The public debt is being
paid off at a rapid rate and will ere
long, with faYoring fortune, be ex-
tinguished. Mr.. Wanamaker re-
commends in view of this fact, that
all the postal savings of each state
be placed on deposit with the
national banks of that state at such
rates of interest as the secretary of
the treasury shall prescribe, and
that such deposits be made preferred
claims against the banks holding
them. The rate Of interest, he
thinks, should be at least one-half
of one per cent less than the aver
age rate paid by private bankers to
depositors In the same state. He
would establish the postal saving
banks, first, in states which have no
laws governing private saving banks;
second, upon suitable petition OF a
considerable number Of the residents
of any other locality, in any other
state.
MIR. Wanamaker Is TO be COM
mendcd for the interest he is taking
ia plans for postal savings and pos
tal telegraph. An able business
man and ut the same time a philan.
thropist, he is establishing a new
style OF administration in our ma
tional departments,