The Washington herald., 1910-02-13

Chances of It's Enactment.
Much interest, especially among fnan-
ciers, centers in the postal savings sys-
TEN now under consideration IN the
United states Senate. which has the in
d0rsement OF President Taft and is re-
garded as an administration measure.
The bu under discussion was reported
from the Committee on Post-ofices and
Post Roads and is founded upon the bill
for which Senator Garter. OF Montana,
has long stood sponsor.
A variety Of opinion exists regarding
the terms Of the measure as well AS the
wisdom OF establishing such system
IN connection with the post-ofices OF the
country. The opinion in part is antago-
nictic to the proposition and from the
financial men of the country considera-
bic pressure IS being brought 10 bear
upon congress To defeat the passage OF
the bill BY some IL IS regarded as revc-
luuonary and in opposition 90 the spirit
Of democratic institutions. II is said
20 have been borrowed from the paternal-
istic governments of Europe and the enc
- % .5a ,,,,, deersra A. 20 he as need
less in the United States as IL viii surely
prove disappointing and trouble some by
way Of administration.
Terms os the Measure.
m, ,,, T. &C. ,--f-. s...,.~as ,,-,,.i5se
g. 49,. .-,-r.r..,..,,.r. ~ ss7ir,e darart-
- 60, 49,. -,-ir.,.f,f ,.,,.--o+sf-oe o+ The
r-,i,.4 s,o+ae serarfau,. ir these where
,,o,o,, ,-7a, o45fce- s~- NOW maintained.
mr.. -.-..,-, Is o., f., established under
80. .,,r..-,.t,5,... 80 . hoard Of trustees
-. 80 .,,. e...,..,-,- NJ tia Treas
.,r,. r3,-,,,-s,.r ,.o,s~sr and the Arro--
-. c., ,-t... .-,s,.ss are vested
-. -,..,,rt,,. 49,. ,t.. s,.r.s-, in anera-
49,. 49,, 80 -,-.r,,..r.---- -r. ---res under
-, H.. .r'r ,.. ,.r..-a,e5 srga-t as
s-,l.fe.7 %, ,t.1.,,.
~. mon. ~, mod. f,. s-,- r,arso,
,,,-a ,r,s, to- ,-s--s ~ ace M 81 ny null
49, ,t,...,s r--- -,.,,-. ICES ,f,r 81 o.
- and -os,,l s.sr,-z f- denominations
80 N ..-t- az. r.-.,.i5s4 for Danoefts
az. ,i,,,,sd ~ s-ra and n fa-oss,o~ NAV
~. f..-..s. o.. .r... .r.,.a,r,.-.rr moro than
,ro5 H., ono calender month Two rer
con. tr,s-os, ,s allowed rr7n darasf-s
ma, 81, ov,sss If S-15
,u,-.,o., 90 p.,,,.
-. '......-.-.5 .--.,
80. -. 49,. H.,
- 80 49, .----..--.r-.- - 81. or
-. and -rs l..r s-arfaes ,r-- hanks
i'm the towns mr. vicinity where The de-
nosfrs are collected shall bee given p-sf- !
arsrrs Tho hanks which receive the de- 1
noyi+S are ~ he rla-e5 under bond and
required to nav PA per cent in /
ta-ast thereon ANY residue of depas.ts /
which NAV he refused by the banks on I
these terms a-e 10 be taken care Of bv 1
the United states Treasury by investment /
in hands or such other securities as may
hs approved by the trustees.
Ten uer cent Of all deposits are 20 be (
hold IN reserve for tbe psvment Of de- /
pagftors. The bin contains several sec /
ffons for the safeguarding Of The funds
along rro lines of the precautions taken I
with reference 10 the funds Of the money /
order system. AcademicalIy. at least the I
bin may be regarded as a workable and (
safe plan for the establishment Of q /
postal deposit system in connection with /
the Pogt-of1ca Department.
Claim II l. NeceSsarv
r--;o-s. 90 ,,. ,-.ss,,-. .r-s-, +,. q.
-,-sf,- g., .b., ,,-,,-,,sf4f,-, ~ .-,.s... cd.