The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1897-11-17
Institutions Backed by the Pos
tai Department.
RECOMMENDATIONS MADE.
Postmaster General Gary Strongly
Recommended Them in His First
AnnunI Report to President.

the strong advocacy OF postal savings
repositories scheme over which Post
master General Gary has worked for
many months in the formulation Of
plans to present to the president and
congress. He says the time is ripe for
their establishment and that the adop-
ton Of well organized system would
confer great boon upon large mum.
Der of people and ultimately be of ines
Unable benefit to the whole country.
The estimates of the revenues and ex-
penditures for the fiscal year ending
June 30, 1899, are Total postal revenue
for 1897, S82, $50, 462. rs !; add per cent,
81. 1888, 278.18. Estimated revenue for
1898, $50, 1893, 735. SO; add per cent, &c.
O75,911.61. Total estimated revenue for
1899, $92, 1874, 647.87; estimated expendi-
lures tor $780, 500, 922, 760; deficiency
for 1899, estimated, $6,048, 112.63.
Following is an abstract of the re-
port: The increase of the postal deficit
for 1897 is largely reflex Of the de-
pressed business conditions which pre-
vailed all over the United States during
the first three fourths of that period
There has been no extravaganza of ex-
penditure, save that obligated by law
Reiterating the injustice inflicted both
upon the postal revenues and the people
by second class mail mat er carriage
regulations, the enactment by congress
of some measure to remedy the wrong,
similarly pointed out by past postmas-
ter generals, Is urged. As to this the
postmaster general says:
''If this were done there would be an
end to postal deficits, and the service
could be enlarged and popularized by
broad extension of free delivery without
Infringement upon the general re-
sources Of the government, and eventu-
ally result in the much desired reduc-
ton OF letter postage of 1 cent per
ounce"
No method of perfecting the organi-
cation of the postal service has proved
more effective than the consolidation of
postoffices. Legislative restrictions on
Its development are to be regretted and
repeal OF the five-mile limit consolida-
ton measure in the 1896 postal appro-
priation bill is recommended.
The experimental rural free delivery
has been generously appreciated few
expenditures have conferred greater
benefits in proportion and it has I'M
questionably proved potent factor in
attaining what should be chief aim of
government, the granting Of the best
possible postal facilities to the farming
class. The report reviews in detail the
operations Of the various branches of
the department.
The portion Of the subject of postal
savings, in brief, follows MANY mil
lions of dollars is undoubtedly secreted
by people who have little or no conf.
dence in ordinary securities and mon
etary institutions organized by private
citizens 1t is dead capital, but if its
owners could be inspired with absolute
confidence in the security of an invest
ment it is altogether probable that the
bulk of this fund would find its way
into the channels of trade and COM
merce. If the government undertook
this task. the service would undoubted.
~ be gladly accepted by the people
Their faith in the government is I'M
bounded. Their little savings, which
separately could hardly be put out at
interest, would amount in the aggre-
gate TO a sum that could be invested to
Gheir advantage.
at would tend to cultivate thrift in
a large class realizing the advantage of
depositing with the government instead
OF wastefully and uselessly expanding
it would tend TO better citizenship,
bringing into closer relationship the
government and its citizens and deyel-
oping practical and enduring patriot
.s . .,I S - PaValo se,i'l
,..l,'e,.i $500, ~
P -, app 80 s ha.'sas 70
a,a A wy ~, snoSe tS.. ~ conse'
g tsei,oS P.opys,'.on - an aocoii.
s1a i q, ~ Ps SeI stSny oounsly ~
Sa.h ~ oo sd l', ~ %
~ craat p,.;to;, 900 600 "a aa alaMaaa,
~ .kso 900 900 uoposi.ols
.,aso a. ssSo Ok ,,'. -. ssstnso
wears fewer than 10 Oo0 HAVANA; S ~ d ~
positors saved nearly 81 900, 600, De.
posits IN canada III ~ years exceeded
Vss,UoO'OOO-
THESE vast accommodations have been
made with the least possible loss to the |
governments, which guarantee their
repayment, and with minimum OF
cost 10 the millions OF depositors. More
than third OK the postal savings ao
counts IN European ofices are held by |
minors and over twothirds by the
most humble calnngs' IL = essentially