The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1909-08-30
TEACH HER TO SAVE
POSTAL SAVINGS BANKS EFFECT
8 ~ ON WOMAN.
Advocate Of Plan Declares Action Of
Cannon In AppOintinx Weeks
II slap mt Federated
Clubs ~

Chicago. Aug. 2s.-women's need for
the postal savings bank system which
President Taft now proposes to create
per party pledges but which Speaker
Cannon has defiiantly sought to smooth
er again by naming a Boston banker,
Congressman John W. Weeks. for the
Chairmanship of the House Committee
on Postofices and PosttOads, despite
declarations of State Federations Of
Women's Clubs and other organizations
the country over, has been analysed by
the financial expert, Isaac +. Marcosson
in The Woman's World tor September
who says. mo organized incentive TO
saving could be more potent or access
sible than postal savings"
In explanation for. the hostility Of
the Aidrich-Cannon power In Congress
to the measure now pending In the
Carter bill, Marcosson says: One rea-
son why the postal bank system has
not come into use Is that many savings
banks oppose it. Their opposition is
quite absurd, for the reason that postal
banks would be q help rather than
hindrance to them. The postal bank
would get the average woman every
where In the habit of saving her money
and putting 1t on deposit. This would
be done with small sums. When she
gets a larger sum she would instinct
lively put Il In q real bank for the SIM
pie reason that the bank would pay
higher interest than Uncle sam. Also
limit OF $500 is fxed by the Carter
bill as the maximum depositor can
leave In Uncle Sans keeping.
"It does not require much Of an ef-
fort to point out the advantages OF
postal savings banks for women and
men" Mr.. Marcosspn conttnpes. mo
matter where you live or what you do'
1t follows that at some time eacn week
-
There Is a very close link between the
postoffice and the people. In rural dis
tricts the postoffice Is the meeting place
for the whole community and the VII
laRe postmaster Is the guide, philoso-
pher and friend OF everybody. Tne
rural free delivery carrier Is not only
a wandering Newspaper. but the conn., IN
dent OF every person he serves. To
make these postoffice officialS who come
into such intimate and constant con-
tact with the people they serve act as
savings agents and savings reminders
would tend to popuiarize savings and
bring the opportunity to save to the
front door each day OF the year.
Now the Importance OF such sys-
fer, to the average woman who stays
at home Is simply this: she may nave
more money for her immediate per-
sonal and family needs than she really
spends, but without spur to saving
she will spend all OF IT. ~ t9e post-
man who comes to her front door ev-
ery day and rings the bell says to her:
Have you any money to deposit today
she is very liable TO begin 70 save In
self defense Women are proud about
money matters. When the housewife
knows that her neighbor mas q savings
account and is adding to 1t each week.
she realizes that the postnnan may have
more respect for her. There Smoothing
that so much wins respect IN this
world as the knowledge That you have
money. Hence the woman who does
not save and has no postal account
will doubtless begin ona at once.
"For the woman who works 1t has
the same significance. II she is a clerk
in a store, or is employed as a stenog-
| ra pher, she has occasion to buy stamps
either In a branch postofice or else
where, If this branch office Is q small
savings bank she will have daily re-
minder that here Is a chance to start a
competency, and II she Is the right sort
of woman she will do IT.