Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1909-09-30
rOsTAL GiNiNHS fsaNt\N.

The question OF the provision of
posta' SAVINGS institutions is likely
to receive marked attention during
the coming session Of Congress, there
being n disposition on tho part Of the
| Postal Savings Baul; I.cr~uc TO push
consideration Of this project. Com
eressman u. J. Foster is quoted IA u
dispatch from Chicago as having said
to President George H. Curricr Of
the people OF the United Stotcs IN
general need postal savings svstcin.
lie docs not think, however, that the
New England States would have much
use for it though he believes the other
sections might find in II an encoura GO
mont to popular thrift.
Mr.. Foster said to Mr. Currier, on
this subject: "Whethor W. get the
necessary Legislation is going 20 de-
pend very largely upon the attitude of
the South and West. New England.
for Instance. has ample savings bank
facilities And | very much doubt
whether postal savings bank would
be ratronized here in New Fngla nd.
in fact, I nm firmly of the opinion that
1t would rot be natroni2ed by our
people to any extent. Our savings
institutions arc conservative. they are
we'll managed; they pay as rule
four per cent. on tho other hand,
the West and the South have not 7
suppose. the savings bank facilities
that we enjoy II they unite in favor
Of the necessary legislation we shall
get il. II seems TO nc that such a
bank would he Of special advantage
in our large cities where We have so
many foreign born people. In my
Judgment they would patronizc the
governments savings bank"
~ the New England hcadquartera
Of the Postal Savings Bank League In
Chicago It Is urged that although the
six North Atlantic States arc general
~ hold 70 be fairly we'll supplied with
savings harNs there are many good
sizcd communities which have post
'''''' "'' P'''''' VI frequent
ana general resort while the nearest
savings banl; IS many miles away It
&c cl,i,,.d .r,, e. ,,o moo, o,ei,, +,
'P'" ~ any ''''
WHO wanted 10 start nm account II
would offc- constant incentive to
the beginnings Of tnrirt ,r1 that tho
.,..,. ,, t., 49,.
"""" h'' SNI"r 'hnrehN as many or
the people who began By starting
a littlo accoun- with I-ncie Sam would
na c>,,,t,, en-. ,,,.r ,. :, ,-ro,,, :, or,.
H'"' ~ '""''"'r W"''' '"'H o""'" F''
a better ratio Of interest. That quest
would lead them. to the savings bank.
,o, or cr,oor 900 ,,,.or. ,uos
''""'"' Ne" f'N''"" 'e''e-
tary OF the Postal SAVINGS Bank
League said regarding the proposed
,no,srra NO +, o,roc,s uossoo,,u.o,,s.
"""' :" Wv ''"'''
NV WIN H"f '"F"
'' wv 0' '"r''
80" - ~" '"'
"' ""'",
'"''' '"'''F
'"e
~ '''' '"""'S as ''E"'"S
"a ~ 20" ''S9 '"N''"t'o""'
Nv ''"'' mus ~ saN'h"S banks 7" ne
''''' "'"""S %" '''cS an" 81 towns
N'"''''" 81 'H'Ne banks are situated
III hoS''h' most ~ the other large
ci'iea nave moro than one of thom
In many populous places the wage
va ol''"'"s ms pay e"Ne'"Pe'
g., ,, ., :. 49,,
deposit bv making n Journey of i've
or ten miles by trolley; or he may do
so ny writing lottor when he some
"'" "'' Va
r., .his s,o,. h,s ,o+o,,. oho, 40
savings banks comprise only about
25o,ooo or the ponIation OF 1000
WI" "'' '".'' 'u', ''"o 'N'''''"'eS