The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1909-09-20
.FAvORS POSTAL
SAVINGS BANKS
Taffs Address at Wisconsin,
State Fair.
DISAGREES WITH BANKERS

Woes Sot 6e''eVo lneV OPpos'tion 10
Well Founded and Points Out What
In Ills Opinion, Mould Be tho Ben.
efioiai Results Of the Establishment
Of the System by the Government.
Milwaukee. Sept. 1k-President
Taft and party arrived in Milwaukee
ON special train over the Chicago
and Northwestern railway and after
spending four hours in the city and
at the state fair grounds resumed the
Journey toward the West.
The chief executive was met by
reception committee numbering 200 OF
Milwaukee's principal business men
together with large crowd OF citt
Gems and others from various parts Q,
the state who have been here all week
attending the state fair.
Automobiles were in readiness and
the presidential party was driven at
once to the new Auditorium, which Is
nearing completion. President Tai,
was here received by President Alvin
P. Kletzsch and the governing board
of the Auditorium and escorted
through the mammoth hail. The chief
executive also passed in review Of sew
eral thousand school children,
The Milwaukee Press club was the
next stopping place, the president
making a ten-minute call. He was
then driven to the chamber of COM
merce. where he was introduced to a
large throng OF commercial men and
their friends A short call was then
made at the Marquette university,
where the president was greeted by
President James McCabe and the fac.
| ulty and serenaded upon his arrival
| and departure BY the Marquette band.
From the university President Taft
was driven to the Soldiers home.
where he was greeted by 1000 vet
Grams, after which the procession
moved to the principal point of inter
est-the state fair grounds. Here the
| president was introduced to the state
fair visitors by President George Mo.
Kerrow and the chief executive made
q brief address.
Favors Postal Savings Banks.
In his fair grounds speech the presi-
dent devoted almost his entire time to
| the subject of postal savings banks
and aroused a quick response Of ap-
plause when he declared that he stood
firm for a redemption Of the promise
| Of the Republican platform for the
| establishment Of such system of
banks.
! The president said he did not want
to antagonize the bankers. but he did
not believe their opposition to postal
banks was we'll founded. In some
parts of the country, especially New
England. where for every two citizens
there is one savings bank account,
Mr. Taft said the need OF postal banks
was not felt In other sections, where
the savings accounts amounted to only
one In 157 citizens. the need Of an en-
couraging effort to thrift was acute.
Postal banks, paying only per cent
interest, would not attract depositors
from reputable banks that were pay.
ing to 4 per cent. but they would at
tract the accounts of those people who
were wavering in the balance as to
whether or not they should spend
their money for the want Of knowl.
edge of safe place to put It.
The president dwelt at length upon
the fact that the deposits Of the alien
population. which now are sent tc
government banks abroad. would be
held in this country If there were pos.
tai banks with the government behind
them to reassure the timid and pan
icky depositors Of foreign birth and