The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-11-25
KANSAS COMMENT
POSTAL SAVINGS BANK.

FOSTAL SAVINGS BANK.
While the idea of the establishment
as a method of extending first-class
security for deposits, it is a proposition
that will admit of argument, not all of
which nor perhaps the predominating
appeared some months ago in the North
American Review discussion of the
postal savings bank idea by the comp
troller of the currency that contained
such character of banks or banking and
they should be pertinent at this time
In view of Congressman Victor Muir
docks announced determination to
urge legislation for the establishment
of a postal savings bank with maxi
mum deposit of 81, 900 to the individual
The comptroller cOntended that the
fields of investment for such deposits
would. naturally be limited, as 1t was
found to be necessary to do with them
In England. 1t has been the experience
of England that such deposits natural
ly flow away from the less th1ckly pop
ulated country districts to the cities,
and to London particularly. He rea-
soned that while there might be de-
ter1nined upon in this country a wider
variety of investments, even to 1nclud-
ing, possibly, municipal bonds of the
more responsible cities, the effect of
the plan would still be to draw cur
rency away from Small and growing
communities, which need every penny
ual banking, the money deposited with
the bank is again loaned out locally, on
reasonably good security, for the pro-
motion of local enterprises. Distributed
in wages and for supplies 1t finally
reaches the bank, in sort of endless
chain course. and then starts out on
the rounds again.. II the small town
bankers in the present crisis have found
it necessary to limit deposits to keep
all the cash from flowing into the east,
what methods could they adopt In
times, Of normal banking with
a postal savings system in effect to
keep money from going to the cities and
away from them? 1t has been found
that people are not Influenced to any
great degree by competition on the part
of bankers to pay the largest per cent
of interest upon deposits, that they pre-
fer to accept a smaller per cent of in
terest from the more reliable bank
And so it would prove unquestionably
with the postal savings institution that
depositors would perhaps prefer 1t ana
small interest to the most reliable bank
in their locality. Murdock's recommen-
dalton that such deposits be limited to
81 900 is evidently intended to prevent
the deposit of all money in postal saw
ings banks, but 1t will be found that
the most of the deposits in any bank
has been placed there to the credit OF
persons who have less than $lO00.-
Leavenworth Times.
DOwNTRODDEN MAN.
Too much publicity cannot be given
to the decision of the Lawrence. judge
who has rendered a decision that the
picking of the husbands pockets by his
wife is sufficient grounds for divorce.
If wives are allowed to go through
their husbands pockets with IMMUNITY.
or anything else they may find handy,
what protection is the poor doWntrod-
den husbands to- zhaye? He Will not
know when he wakes up in the morn
ing whether he has the price of an
OF, not, and when he calls
the boys up to have an early one on
him. confident that he saved enough
out of the last Jackpot the night before
for the price, If his-wife is allowed by
the courts to. goa through his pockets.
what assurances has he that during
the night while he slept. she has not
taken this money and used it to buy
Annie a school book. or Johnnie new
pair of trousers. to pay the butcher,
or spent it for something else which q
woman so often foolfshly thinks a ne
cessity, even If she has to rob her hus-
bands pockets, while he is compelled
to go without his mornings morn
ing" But the Lawrence Judge has said
that she cannot do this without en-
dangering her position as wife. o,
most Just Judge, verftab1e Daniel
come to NEUTRALITY-SUSPICIOUS. SUM-.