The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1897-09-28

/ would have rec lived had the money
been placed in q savings bank or other
wise invested, but he paid the commits
sion demanded by the government for
Issuing the order.
The use of the money order system as
a savings bank is reeorted to as fire.
quently to day as at any time IN the
pest. The mails bring to the ~postofice
department. daily numerous void or
ders to be renewed, and the officials
who have the renewal of the orders in
charge understand that the system is
being used IN the place of savings
banks. The Chicago Record, Sept. ii.
Ministers Write on Postal Savings
Banks.
Some letters written by prominent
preachers of Chicago on the subject of
postal savings banks are worth quoting.
The Rev. Jenkin Lloyd Jones of Al
Souls Church says:
81 rejoice in the work being done in
the interest of the postal savings bank
law. l have been in the habit of say
ing that if it was given me to insure
the enactment of just one law in the
interest of the public good I would I'm
hesitatlngly cali for one that would es
tablish a system of postal savings
banks. Nothing would go stimulate
our people to habits of economy and
encourage thrift. More than that, it
would eventually work out the larger
financial banking and currency prob
lems Of the government. Our present
| system Of private savings banks has SO
betrayed the poor that they have we'll
in the county, from the backwoods to
the city, ought to be authorized to &C
cept in trust any moneys eff 5red him
under a maximum sum named at any
the nation ought to be the pledge of
the faithful discharge OF the trust.
Certificates of deposit ought to be as
easily obtained az postal cards, and
uAC4A 4aSO N0AOO NC q OANAC6G4OA4CNS
as when a minimum sum is reached of
deposits q minimum interest of 3 per
cent. per annum, or more, ought to be
insured"
The Rev. J. NJ. Caldwell of Park
Avenue Methodist Church, says:
II believe heartily in the bill. The
habit of saving is essential TO the high.
est and wisest manhood. 1t prevents
sympathy with anarchy. It leads TO
self denial, a religious virtue, and con
tributes more than any thing to in.
dividual and national wealth and pros
perity. It is a remarkable f6c5, that
have heard or seen mentioned.
but nevertheless true, that every prom
inent character mentioned in the Bible.
with commentator. save prophets,
priests and apostles, was rich or en-
joyed a large income-Noab, Abraham,
Isaac, Jacob, Joseph, Moses (till sur
rendered, when he fad into the wilder
nesf), David, Solomon, Daniel, Joseph
of Arimathea, etc. Self denial, self
control, essential to saving, is also es-
sential to the highest standard of man
hood. Banks fail. Insurance com
panies also, for l have outlived seven
in which my life had been insured. A
safe and convenient method of saving
would be a great advantage to the en-
tire nation and would promote prosper
ity morality and piety."
The Rsv. joseph Rushton, Secretary
to Bishop McL3ren, says:
II am most heartily in favor of the
creation Of a postal savings bank. 1
had much to do with similar attempts
in England, and found them of the
very greatest benefit to the poor. I
have seen long lines of men, women
and children waiting their turn to de.
post their pennies. I have also seen
the resuLts-Improved homes, temper.
ate lives and happy households. I
should be very glad to do any thing in
my power to help in this noble work.
l 9 the greatest need for it, in con
nection with our city mis-. ionary work
among the poor, in my Judgment the
only absolute safety for small savings
is Co make the government the deposi-
; tory"