Evening star., 1907-11-13
President to Recommend Pos
tai Savings Banks.
CURE FOR LACK OF MONEY
Postmaster General Meyer Has Con-
verted Members of Congress.
COLORED MAN FOR CONSUL
DR.. T. C. Unthank of Missouri Urged
by Senator Warner and Others.
Guests at Today's Luncheon. |,

There is strong tip from good sources
that the President will recommend pos
tai savings banks as one remedy for
financial stringency. II is at least known
that the President is considering such a
recommendation. having talked along
those lines with several callers. The
| President feels. it is said. that the con-
tidence the people have in the govern
ment would prevent Withdrawals of money
In times of stress
Postmaster General Meyer. who is an
enthusiastic advocate of postal savings
banks operated by the government is
said to have converted the President to
his view Of the necessity for these tnsti-
tutious. Mr.. Meyer is known to have
greatly Impressed several representatives
and to have made converts for his propo-
sitions AS tirst-class business man he
mas given careful thought to the present
nnancial stress and sees many signs that
the public IS ready for postal institutions.
Senator Bourne Studying Proposition.
Senator Bourne of Oregon. himself Q
successful business man. is studying the
postal proposition with a view to advo-
eating 1t in Congress. He called At the
White House today and told the President
what he thought Of the idea Discussing
IL later. he said 1T was in Providence
few days ago and talked with several
oankers. They told me of cases of de-
positors who had withdrawn their money
from banks and Immediately placed 1t in
safe deposit vaults. The depositors had
become frightened and failed to see that
they were taking the very course that
would lead to trouble. In Massachusetts,
there was much less of this than else
where because the banking laws there
are SO strict the people have confidence
In their banks. This confidence amounts
to everything. and it seems to me that
the government could do nothing better
than establish postal savings banks.
firmly believe that deposits In these in.
| stitutions would not be touched. no mat
ter how hard times get as the people
would fear no loss. Postmaster General
Meyer. in talking with me few days
ago, estimated that fourteen hundred mil
lions or dollars are now tucked away in
vaults, private boxes and all sorts OF
places. with this much money out OF
business stringency Is not to be won-
| dered at. 1t is questionable II this would
| have happened to postal savings banks,
which would be a safeguard against
events now taking place
Senator Bourne has been trying hard to
get the Treasury to deposit some govern.
ment money in banks in his state, but
Secretary Cortelyou has not been able to
help him because the government has
placed all the funds it has available. re-
tafning barely enough to carry on its
own business.
Senators Foster and McEnery Of LOU
isiana visited the President with Sol
Wexler. New Orleans banker who has
been here representing banking interests
in his section seeking government depos-
Its. The visitors told the President about
business conditions In the south.
Colored Man for Consular ONCE.
DR.. T. c. Unthank. an assistant munici.
| pal physician in Kansas City. was pre-
sented to the President today by Senator
Warner, Bishop Grant OF the A. NJ. E.
Church and Register Vernon of the Treas
ury. DR.. Unthank was recommended by
| the visitors for consular appointment
| and has been designated for an examina.
ton by the administration.
The President will attend the instaIla-
| tion Of DR.. Wilbur Thirkield as president
of Howard University Friday afternoon
at 2;So o'clock He accepted an invita-.
ton to be present some time ago
Guests at Today's Luncheon.
The following guests were present this
afternoon at the luncheon given by the
President in honor Of the delegates to the
Central American peace conference:
The President. the Secretary Of State,
the Mexican ambassador, Senior Luis An.
derson. Costa Rica Dr. Antonio Batros.
Jauregui, Guatemala; DIR. Poiicarpo Bo-
nilla Honduras: DR.. Jose Madriz. Mica
ragua Or. Salvador GaleEos. Salvador:
the Costa Rican minister the Guaten1alsn
minister. the Honduran minister the
Nicaraguan minister. the Salvadorean
minister. Senor Jose F. Godoy. Mexico;
Senior Sanchez-Ocana, Guatemala: Seno.
E. Constantine Fiallos, C.E., Honduras:
DR.. Salvador Rodriguez. Salvador: the as
sistant secretary Of state, Mr. W. l. Bu.
chanan. Mr. F. J. Yanes and Col Charles
s. Bromwell.
Mid-Continent Oil Association.
President Roosevelt this morning re-
ceived a large delegation representing
the Mid-Continent Oil Association. The
oil men arc in Washington to confer
with Secretary Garfield regarding new
regulations governing the leasing of oil
lands and the production of oil and gas
in Indian Territory. The Mid-Conti-
nent Oil Association represents .5 per
cent of the oil producers of the Indian
Territory field and something like $35.-
oooOOo invested in that field. Recently
Secretary Garfield put into effect reEu-
lations which to the oil producers are
highly Objectionable. These regulations
increase the royalty to be paid the In
dian who owns the lands, and contain
restrictions governing the transfer Of
oil leases. So far the producers have
received no encoura cement from, Sec
retary Garfield in their efforts 10 induce
him to revoke the regulations. They
went over the oil situation in Indian
Territory with President Roosevelt AS
the regulation of the oil business in
tiraI t,- L,