New-York tribune., 1909-09-05
POSTOFFICES 1AS BANKS
Successful and Popular System m
ODerdfiOn IN austria.

In a recent issue OF Daily Consular and Trade
Reports" Consul Britain. OF Prague, gives fun
account OF the Austrian postal savings bank IT
IS OF interest TO Americans. as IN many quarters
similar system has been advocated for this coun-
try. Mr Britain says that the bank is an lns'l-
tuition very highly priced by those having small
earnings who have desire 70 place their money
OF deposit IN an absolutely safe place, where II Will
draw interest Aside from its being safe and
profitable depository for the people, including
large number OF working people Of all classes VINO
have not sufficient earnings 10 warrant their open
ing bank account It also appeals 10 the children
and teaches them economy. or Its operations the
consul writes:
To open an account ct q postoffce a deposit OF
a crown COS cents is -.l that is necessary Wheh
the deDostor receives a deposit book. which is
signed by the depositor IN the presence OF the
postofice Official TO prevent fraud one pc StaSst
can deposit any amount UP 10 100 crowns '$Ioo, ~
Should a depositor desire to deposit more ,sI dhan
that amount the government VIII mes efa se saT
ings deposit cannot exceed 1000 crowns 10 en-
stamps, and when the card has fLafps & 10 't t
the postoffce and has the amount cTecl'eo III d
Aounts not exceedlng 30 crowns ss ~ Will be
paid TO the depositor presentation OF the oePos.
book: 10 draw amounts over 30 crowns and GAder G
205 crowns $40 Coz fifteen days notice must De
given; for amounts exceeding 200 crowns ana nor hot
ana for amounts over S2O3. two months notice
All deposits draw per cent interesti WIN h Fo
lowing the deposit. In country districts "nete ne iF
there is no postOTce oSI'Os+t7 may - 0
None may be deposited withdrawn al any
rosfGffre in Austria. All deposits are reHlItteu
"a the central savings bank in Vienna. ACCORDING
TO the latest published report, the pa4al.ce s,et
indicates net profit for the last year amounting
TO 81 el0Osl at the close Of the year oeihg an III
crea Sc OF S300.740 over the previous year. -
The amount OF money handled during IAe yea
amounted S5860l.6JO and the creoIt Jasa'ic
The close of the year amounted 10 si42ss,Z3 Ihe
number OF depostors was 2V5i.lU' beihs an III III
crease Of 1886 compared win the previous
year.
Another very popular and useful department. MI
I3rttain saws known as the Post Sparkassen Amt
scheck yerkehr" or postal savings bank cheek
s,stern or service has been added TO the postal
esyings hank To become member or be entitled
q, the benefits OF this service requires deposit OF
~ least 100 crowns $50 3 but there is no limit Ia
the amount Of q persons deposits Inc OohSuI
adds: 49, -, .o.s y,
member may receive money from al! pari1s paris "i d
,ne,chant sends out shipments OF InercIaIdlse to
various customers IN different parts OF A, 20.
| et the same time he may SEND WIN 'ne ua 80,
tba merchandise a blank form, "llcn lhe ueptoI VI
@Te out and deposits at the postorllce' losetHeI
~ ~. -. aroorut he owes. This money IS I'M
,edietev forwarded TO the central olIce III ~,
aId t1iaced 10 the credit OF the merchant theIt @
IS no expense 10 either party exc -
,ercisnt sends to his customer, While cohs!qeihplt
1ynense is connected with sending money t'IoIs. i
me postoffce by regular posldl illoIe! - -.
Where both debtor end creator are ? ~
~ " nc ser,ce a form Of check may be sent IN pay
/ ment OF accounts. -, o-n,,.o+ frorn The
oetaI savings bank for the last year aouh6eo e oo -
sSo3 $40 and from the check depsfl flIeiit $i'00'-"
| making a total profit OF sl,SlOooI.