The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-06-10
POSTAL BANK BILL PASSED
TOOK FOUR ROLL ClLLS TO PIT
IT THROI THE MOI 80.

an ths Republicans aRd n Democrats
Nste for n-u Nsw Gees % tlle srn-
ate. Nhirh aas Passed a stmnar nan.
ara HHi Ne sent - Csnferenee.
WARRINGTON June The Adninis-
trat.gn postal savlnEz hank bill va
nasset by the House ro-n gh' On ia
anal rassage % vas supported hy all Re-
pubEcanA and by twenty-five Democrats
Il took four roll calls ~ put the HsaaaIrs
through The Hoszs The twenty-five
Democrats who deserted their party
brethren and voted foF to- uill justified
thsir stand "a rhs ground that the prin-
oipls q ths bill VS. hdnrssd BY the Dem
ocrAue national platform Of lsOs
? Ths bill nou goes 70 the senate and IN a
day or two q vii h referred % a confer.
encs committss rspreasnting the two
house. -Ths ball hAs tho approval Of the
Admtnsration and IN the main 10 10 salts
factory q tho senate l-ader The nd
cations ar~ that an early lgreemant will
Be- reached n eonf@renos and that there
vill ~ few chAnEss n the ball a. passs dby
the H0uss t0-niEht Tha = the second
bag Admin lafratioa measure that has been
pAsssd By both houses, th- railroad bill
beng the other 1ne
Pursuant % an agreement reached a. the
recent Repuhhoah cancln the postal .av-
inGs hank bill Waaoousidsrsd IN the House
under a rule which raised a bar AGAINST
AL amandments. The minority had the
privilege. however % Offering su1sti-
uIts The debate began az q O'Clock and
oonstnued unInterr,Iptsdiy uRtil the agreed
ttme for taking vote Representative
Hammond u Minnesota va- the onlv
Democrat who favored ne biIl IN debate
The BAL occupied a Tromlasaf place
on the Executive programme outhnsd
BY Presidsst Taft a. the bsgianing u me |
eeaaion AZ several stagai u seemed a. |
u the measure would fail a. his asMaion. /
A few months ago the hin vas ra.-s-d by I
the SENATE with 40 amendin-nt adopfed [
e. the instance n the InsurEsnts vhich .
i wa believed would r-suit N The Ieaisia. .
ton falllhg BY the vaysldr This pFo- /
vidad that n0na u the funds dep0sitsi !
y postal savings hanks shouh h. invsstsd 4
b bonds bearing ls-s than q psr cent
Interest
IN public speechea President Taft had .
Insisted that u was iEhly importaUt that
the funds should ~ invested Ia ? ger
cant bonds. notably the uasu,e u s70o 80
90 Panama Canal bonds which are hell
BY nafional hanks a. basis ofCirrIlating /.
notes The farm % rhe Gsverrmant 2
he said WAs plsdgsi 70 redeem these
securities a. early a. psssibls Anv
limitation "a the form u pr1hiJirian
AEainst the Investment % postal funds
h these bonds. o uas held further. would
teoparti1s the cunefltItiouahty ~ the
propoeei A9
A compromise OF this prsviu1e was
reachet IN a caiIc,s u the HOCss, EApuD-
Beans The Hoas bill provided Tor
reserve fund - ) Ger c@nt. Thirty per
eenf % sDch funds nav az airy tine -
Withdrawn for investment Ia bonds Or
other Securities 81 Lac Chitsd Statss /
me residue az ~ pAr cent l. % remain
% d@poaft N the iOcuf hanks where IL
orlginates Duf may ~ direction Of tue
President - invested in h0nds % Other
Govern nent securities shes 10 h. jdg- Q
ment the general welfare and the 10 !
ierests u the United States ~ r-l4ir.
The ball prsvtfes thar nosta savings !
aefounta NAV - opacet Nv any person. =
~ tne axe ~ 90 years or over and ~ g
womar in her own name and =
.ree from any Cuutrol Or tntsFf-rerrs
b. her husband I-lazif5-s are 20 Lee
nei5 Tor cent interest
The afair- q he Postal Rank are ~ f. {
admin ister@i ~ q Hosri ~ rrfsfess com d.
peaet % The Plsiu asf-r -Cislsral r.-
secretary ~ fh- Treasury and he AT-
Iorney- Cieneral