Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1897-11-18

So
and the people by second-class mail mat
ter carriage regulations, the enactment by
congress of some measure to remedy the
wrong, similarly pointed out by past post
masters general, is urged. AS to this the
postmaster-general says: If this were
done there would be an end to postal def
gcits, and thesserv1cesco besen1afged and
;popularized% by e. broad sioii| of free
delivery without IjnfrinEement upon the
general resourcesAof, thesgovernment, and
eventually result in the much-desired re-
duction Of letter postage Of one cent per
ounce"
3. No method of perfecting the organiza ton
~ofsthe postal serviceshas proved more efree-
tive than the CONSOLIDATION Sof post offices.
Legislative restrictions on Its Development
are to- be regretted. and repeal Of the
1896 postal appropr lati ION Bill is recon-
mended. $50
The experimental rural free delivery has
been generously appreciated; few expendi-
5tureshave conferredsgreaterb benefits in pro-
sportion, and it,hassnlqusstionablypro Yeda
potent factor ina ttalhing what should; be.a
achief:- aim Of goXernnaent. the grahting
5of the best possibteHpostal facilittestoSthie
farming class. - - i.
-. The report reviews in detail the opera
tions Of the various branches ofthe depart,
ment. The portion on the subject Of postal
savings. IN brief, follows: Many millions
OF dollars are undoubtedly secreted by peo-
pleswhoa have little or no confidence in or
binary securities and monetary institutions
organized, by private citizens. 1t is dead
capitala but II, its owners could be inspired
with absolute Sconfldence in tine security of
an invsstnens it IS altogether probable
that the bulk sof this fund would find it's
way into theschannels of trade and COM
'merce. If the government undertook this
task, the service would undoubtedly be
gladly accepted by the people. Their faith
IN e1ny or1no 10 So1 att,
little savings, which separate could hard
~ be- 3 put aout 4 at ! interest, would
amount in the aggregate to a sum
that could ;, be ;. invested to their s.ad-,
vantage. It would tend to cultivate thrift
in a large Glass; realizing the advantage Of
depositing with the government Instead. of
wastefully' and uselessly' iexpehding. 1T
would tend to: better, relationship; bring
into closer relationship the government and
it's: citizens land developing practical and
The |pTopositior il IN ace Accomplished fact'
in nearly every country in Europe, in the
British dependencies Of both hemispheres,
and:even in Hawaii. In Great Britain 7,0O0,-
600 depositors have upward of $3.50, 600 900 in
savings accumulated during IS years, and
in ten years fewer than IL, 600 Hawaiian de-
positors saved nearly 81. 0oo. 600: Deposits in
Canada IN 20 years exceeded s$22, 0O0, 900.
These yaSts ccumula tons have been made
with the least possible loss to the govern
ments which guarantee their repayment
and withsa minimum Of cost fothe millions
OF depositors. More than a thousand pos
talsavings accounts in European offices are,
held by minors, and Over two-thirds by the
most humble callings.E 1t is essentially the
bank Of this class. Postal savings would
not conflict with, those savings banks but
would encourage savings rather than ac-
cumulations The conversion Of money
order offices into Savings -sdepo sitoriess
would soon afford Indefinitely more facility
: for receiving Understanding deposits than
the interest-paying banks do now. The
most aggressive opponents are among the
private institutions engaged In somewhat
ssirnilar enterprises though associations Of
the larger cities recognize tn it available;
feeder to the financial currents Of the
country Security, and not the rate of In
terest. Is the primary and essen initial condiss
stion Of such q system; ; and bonds OF states.
counties and municipalities and real estate
furnish an illimitable field.
~ Comparing other countries. the post
master-general says nearly every country
permits its most popular coin as the min
imum amounts sof deposit, varying from
flyes cents in India to- one dollar in Canada.
Maximum deposits vary from $3.50 in France
to $2435 in New Zealand. Deposits over the
amounts are ron-interest5 bearing and IN
several countries the surplus Is by law in
vested in national bonds. Both deposits
and accounts are usually small, France.
made q profit In 1896 OF $17O.0 900 In handling
81 900 accounts. aggreg $14S QC0, 600 aft
er paving three per cent. interest. Great
Britain earned a surplus OF $SS S 9o0 after pay
average
sion maid to- postmasters$ is one per cent:
per deposit Any account may pc settied
and withdrawn from any ldepositoryin the
osal ,s &, ane val