New-York tribune., 1897-11-15
A POSTAL SAYINGS SYSTEM.
URGED BY PosrMAsTER-GENERAL GARY
IN HIS FIRST REPORT.
coHsoLIpATIoN OF PosToTFicEs AND RURAL
FREE DELIVERY DIscUssED-ADvANTAGEs
- ,oe~.- e e,,.,>-cs -=.pocrroprFs

CONSULTATION OF POsToFFiCEs AND RURAL
FREE DELIVERY DIscUssEp-ADvANTAoEs
OF POSTAL SAVINGS pEPosIToR1Es.
WASHINGTON Nov. 1.-THE first annual report OF
Pos,Ynaste!-Genera James a Gary 20 the President
was made public Tonight, It's feature IL the strong
s4voca~y Of postal savings deposiiCTies. a scheme
over which Mr.. Gary has worked FOR many Incnths
IL the formulation o. plans to present 10 the Ffes
den; ana Congress. re says the lime is ripe Tor
the establishment Of such ds2osor.es' and that the
adoption Of a well-organizod system would confer
great boon on A large number Of people and ulti-
mateiy be Of inestinable benefit to the Wnoe couh-
try.
TIE estimates OF the revenues and expenditures Cor
The fsc, wear ending June 80 Isaa Total postal
reve lue fol 1897 ss2e65ls2 g. eds pc! cent siI05
27SI3 Estimated revenue for 1898 sSj.7sS7S5 S. add
per cent s60l5.91 81 Total estimated revenue toT
1899 S92S74647 81 estimated expenditures Tor ls9'
SOS 922 7s0 deficiency tor 1890 estimated S6ONl26S
Following is an abstract Of the report:
The increase OF the postal deAct Tor 1887 is largely
reflex Of the depressed business conditions which
prevailed ali owe. the United States during ne hfsI
three-quarters Of that period. There has seen no
eytravaclnce Of expenditure, save that obligated ny
law Re!tera.ing the injustice in;;i';ed both upon
the postal rcvenues aud the psoDle by secondclass
mail matter carriage regulations the enactment oE
Congress OF some measure 10 remedy the WTo2g,
similarly pointed OUT by past Postmasier-GeHera!s
Is urged. As 10 this the Postmas.eT-ue"eral says
IF this done there would be IN end 10 poS'a!
deficits and the service ro2d Be enlarged ana pop
uarized by broad extension Cs fIeo delivery With
out infringement upon the general resources Of ne
Government ara eventually result n the mdch-ae'
sired reduction Of letter postage 10 one cent per
ounce"
No method q perfectng the organization o: the
postal service has proved more effective IMAM tAv
consolidation of pos.o4ices Legislative restrictions
10 r1-ffe fel "A
O. the fve-mie limit consolidation measure In The
1895 postal appropriation bill IS recommended.
The expeY!mental rural free delivery mas been
generously appreciated: few expenditures have con-
terrsd greater benefits IN proportion ana II has
unquestionably proved po.en; hcieT n t'la!1-Nt
vha, should be a chic; ain Of goTeramen-. the
granting OF the best possible postd! fao'es to the
farming class Tie report reviews 70 detail the
operations OF the varlous b-anches 0. tie Depart
Ynent The portion the subject Of posta! savings
IN brief, follows:
large amount Q: money Is gna;gSG{s6iy f9cTs;sa o4si
nary securities aad aonetary inst.ut;oas e:9an9Iea
BY private citizens. Il IS -ead capital but !! lts
II the security OF al .Avssrent, II q Altogether
probable TIA, the ouh Of this fund would IND rs
the Governrnent unasr,oaE this IasK tae service
would up3ou6tsdy os g.9dy aecep!e3 py inf 9 pyeer
little savings ws'ch separately could ha-av oe pu.
out at !a;ares;, would amount IN The aggregate 70
would tend 70 cultivate thrift in large class. who
would realize ts aoyaatafe o. d,po:Aas III tnf; snv n
useiessly expert!ng them. J! wou!a tend 20 oet{tr
coveramen; aa3 is citizens and deyolo0!as prac:
PATRIOTS seatifn51i ana Go35 citizenship constitute
a powerful appeal 10 siatesmanshp 10 make q way
fot tsese beaafcen; c0Hseqgeacss.
postai SAVINGS system !s an aceonplshed .3ct
In nearly every country IN EGropt the BT.tsn dr-
pendences of oota he7lispheres. ana even IN Hawai-
IN Great Britain M seven 3 dsposii9I: II 6aEs Up up
ta:r;y.aye Years arc y tsa Yeas Iew:! ta2n 55 M
Canada waose savings banks In 1857 he'd less than
S5)lto as tie accuau.euo2s ot century. m
augurated system Q: posts! savings aepos:so[ei
y, 5 aad r. twsny year: re ct6o:s @x'esas5 .s
wh.ch guarantee the.: repayment: and with .nin!-
mum Of cost 10 ne m!.o@s o. aspo:!'cr9 ~ me
;hs ra( q = 2e5 seat a:9 M eoye''g y al losses IT,
More thaa SS tiiga .: he pos:s savings accounts
In European clicss are ned By MINORS ard over
raily tie bank OF his class Postal savings would
not conflict with the savings banks but Would ea
.0aveTsi.n Of soeIod:s cces 5 sSv:s. le
positor.es would soon afford infn:ttiy more :aeHty
,e:est-paying banks 90 now Tne most aggressive
2pRSsn enss.ed "a taf Ra9 oe are s2Ts & is
| though ASSOCIATIONS u the Larger cities recognize IN
coSntrv seeSfiy a1d nor he rate Of interest is
| The primary and essential condition o. such sy.-
ern; ard 5ords Of states counties and mun!c!3ai-
! ties and real estate furnish ar il!.altaos aCld
| Comparing othe. countries the postHasteT-Gen-
eral that nearly country permits its most
/ popular coin as The minimum amoun. OF deposit
varying from cents n Inaa TO 8? IN Canada
Mx.Iau-n deposits vary from s2s5 in France to s245
/ IN Eew-Zea!and. Deposits over that amount are
aor-interest bearing ana IN several countries the
surplus Is by law invested In Natona, bonds. 30 I"
! deposits and accounts are usually small. France
made profit IN 1923 o. $40 900 In handling 2ji00l
accounts aeerecacrr &43 0JJ 90 after paying ? per
! cent interest. Great Britain earned surplus Of
$4,000 after paying ~ 2e? cent interest on $50 Do)
| l00 made up 0! C5D0O accounts. The average
commission paid 10 pos,nasters IS one cent per de-
! post Any account NAV oe settled ard withdrawn
| from any depository In the country. The telegraph
| Is coming into use ds means OF withdrawal