The Caucasian. (Clinton, N.C.) 188?-1913, 1896-12-10
POSTAL SAVINGS BANKS
g We Can't have Them Because the Bank
ers Don't Want Them.''

I'VE Can't have Them Because the Bank
ers Don't Want Them.''
DR.. G.. f. Taylor in The Medical World.
| have corresponded with large
number of Congressman concerning
the need for Postal Savings Banks,
stating that practically all the rest of
the civilized world has them, and
put the question, "Why should we not
have them9" In reply, Congressman
w. w. Bowers, of San Diego, Cal, in
closes his Postal Savings Bill" which
he says has been pending in Congress
for four years, and he writes: The
bankers and sharks don't want any
Postal Savings system. That's the
answer to your Why not?"
In England these institutions were
established in 1861; in Canada, in 1868;
In Austria-Hungary, in 1888; and
they have also been established in
France, Belgium, Netherlands, Dem
mark, Germany, Italy, Norway,
Sweden, Switzerland, India, CeylOn,
Finland, Japan, Argentina, Australia,
New Zealand, Hawaii and Trinidad.
But, doctors of the United States of
America, you and your clients can't
have them, because the "bankers don't
want them" Merchants, you can't
have them, because the bankers don't
want them! Farmers, you can't have
them because the bankers don't want
| them! Mechanics, you can't have Pos
tai Savings Banks in which to place
securely your savings, because the
bankers say that you must deposit
with their institutions, if anywhere.
Voters, however much you desire the
benefit these institutions would be to
the masses Of the people and to the
government, you can't have them be-
cause the private bankers don't want
| you to have them. How do you like
1t? What are you going to do about
it? This is free cOuntry-fOr the
| if they think Postal Savings Banks
would be against their personal inter-
ests, they can prevent the people from
having them!
These institutions would place a
Savings Bank with absolute security
within the easy reach of every citizen
of this great country. How it would
benefit the people and you. doctor, is
so apparent that it need not be ex-
planned. Rich men put their spare
money in US bonds for safety and
interest; poor men should have the
same opportunity to place their saw
ings into L. S. Banks.
4 Actors are avery superstitious and
cautious class of people. They don't
like to trust the average savings bank
l understand that it IS their habit
when they receive their pay on the
road, to 60 to the nearest money or.
der pOstOffice and with the portion Of
their salary that they can spare, buy 8
money order payable to themselves in
New York. Then when the season il
over winding up in New York;, they
collect these money orders whenever
they want money. Thus the P. o. De-
partment is really their banker, and
, the money orders are really certi6
Gates OF deposit. So you see how neal
we have this system already; but tn,
depOsitOr has to pay for making a de
t posit no interest is allowed; paymen
: is made at different place from tn,
g deposit and presumably to a differen
q erson. Change these features an,
the thing is done.
A citizen with q bank account is
better, steadier and more industriou
. and sober citizen than one without
t bank account; and if the Unite
t States is his banker, he is q more ps
r triOtic citizen.