The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-10-09
MASTERING FOR
THE BIG BATTLE
Friends and Enemies of Postal
Savings Banks Show Great
Activity.

Chicago, Oct. S-New memberships re-
ceived by the Postal Savings Bank
league since the American Bankers as
ISOLATION declared open war upon the
postal savings bank measure, indicate
that the crucial fight in congress rext
winter between the banks against this
measure and the people for il viii find
a formidable membership enlisted, to
make organized, united demand for the
enactment of the bill. Letters received
from both men and women, inquiring
how they can aid in The fight, show
the public awake to the situation, grow
ing indignant and ready to take up the
gauge of battle thrown down by the
money power.
In preparation for enrolling for Il big
public membership, the league 1sad-
quarters will be removed from the First
National bank building to the Rand,
McNally building, Oct, l. Assurances
Of cooperation and support are pouring
in from important newspapers, maya
zines and other publications, and the
Capitalization of public sentiment is
urged by both Democratic and Repub-
liCan forces. Campaign literature,
speakers and documents are to be used.
In Chicago, the Tribune, RecOrd-Her-
aid and Examiner have taken up the
fight vigorously. The Tribune in an
editorial headed Bankers, a Warn
ing," has pointed out that the Ameri-
can Bankers association should shrewd-
ly heed the handwriting on the wall
and prepare gracefully to accept the &C
ton Of congress, inevitable in response
to a plain determination by the public;
that opposition would breed a whiTl-
wind,
The contention of the American Bank
ers' association that this governmental
stimulus to the thrift of the nation sis
unecOnomic." has met a very chilly re-
ceptiOu. The failure Of the association
to agree on a substitute provision OF
any kind has left the obvious need OF
an auxiliary to the present banking IA
cilities unprovided for by the bankers
Even in the New England states, saw
ings bank facilities are found unequa,
to the needs Of the people who wish tC
save.
One investigator for the Postal Saw.
! ings Bank league has reported that ht
/ finds Bristol, Me, with a population
of 5000 and ten postOffices. The near
! est savings bank is twenty miles dis.
/ tant. There are 400 postoffices in Maine
/ but there are forty-two savings banks
!
/ ings banks there are found to be only
/ 250, 900 of the 100000 inhabitants of tn,
! state.
! Mayor Edward w. Hooker of Hart
/ ford, has written to the league: Il dC
/ not agree with our savings bank Off
/ GERS that a national system of saving.
will hurt them in the least, but the!
/ seem TO look at the matter in what t,
me is a selfish way, and feel that tn,
postal savings bank would hurt thei
! business. I earnestly hope that you
/ efforts will be successful, as 1 believ,
| the postal bank would be a great bene
! fit to the 'entire country, and would il
no way hurt the savings bank. bu
would also be a benefit to this institu
| ton
| A bulletin issued by the league owe
| the signature of George H. Currier
! chairman of the executive committee
and the publisher of 'WOman's World,
/ the magazine of the largest circulation
| in the world, declares: Not in year
| has there been an issue before tn
| American people that was so clear Gu
as this, the people against the banks
| We must organize: for united we stand
/ divided we fall, expresses the neeC
/ in the face of the opposition"