Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-03-09
NEWARkER URGES
CONGRESS To KILL
POSTAL BANK BILL
Former Judge Gottfried Kruger
Says Measure Is Harmful
to Small Investors.
Ispsotal to the Newark star.1

0kO(N ~ a. " Stea
WASHINGTON, March 9.-Gottfried
Kruger, president OF the German Saw
ings Bank, of Newark, a forwarded
a protest against the postal savings
bank bill to each member of the New
Jersey delegation. In his communica-
ton to the congressman, he states that
the establishment of these banks would
be detrimental not only to the interest
and welfare of the large number OF
people of small means in this part of
the country, but also to the local COM
munities wherein these people dwell,
Ex-Judge Kruger says further that
the establishment Of postal savings
banks would cause the withdrawal OF
a vast amount of money now available
through the local savings banks for
small loans on bond n mortgage
sought by workingmen and small
tradesmen for building and improving
of their homes. He states, too, that
most OF the money that would go into
the postal savings banks in Newark
and vicinity would be withheld from the
local savings institutions, and even II
the government left it on deposit in the
national banks it would then become
unavailable for loans on bonds and
mortgages.
Quoting from Judge Krueger's letter,
the following is a paragraph; "Ihe
Gripping of the loaning capacity of the
local savings banks would also mean
a. serious handicap to the progress of
development In the respective local
communities. Impossibility for the man
of small income to obtain a moderate
loan on a bond and mortgage would
$1,000 la. I,tIJ{y,0 a home which IN
every instance would have meant an
addition to the resources of the town
and county wherein located. and there
fore constitutes a loss to the latter.
Orange Woman's Plea.
Miss Emma L. Richards, chairman
of the legislative committee of the Or
ange Political Study Club, has written
to Representative Howell commencing
the committee and Mr.. Howell for the
passage of the bill for the suppression
of the white slave traffic. The bill
is at present in conference, and 1t Is
expected the conferees will arrive at
an agreement in the near future. !.
Representative Howell has received
a petition from Alpha Council. Loyal
Association, of Perth Amboy, asking
that the bill to permit publications OF
fr~aternas associations to be entered into
the eecond-cIass postal rate be reported
fayorably. Mr. Howell has filed the
petition with the committee, of which
REPRESENTATIVE Gardner. of New Jer-
sey, is q member.
United States Senator John Kean has
introduced an amendment to the river
and harbor bill. which, II It remains
in the bill at the time of it's final pas
sage and agreement, will increase the
appropriation for some of the water
ways in the Third congressional dis
trict materially. AT present there Is an
appropriation OF. SIC, 900 for the deepen
ing of .the--channels Of Keyport har-
Dor, Matawan creek. Raritan river
South river, Shoal harbor and Comp
toms creek and C~heesequakes creek
The senator has added Elizabeth river
at the same time. If this amendment
can be held In the bill it will result
in doubling the appropriations for the
various in this consolidated
project.
Applications for the examination
which will be held commencing April
4 and from which appointments Will
be made In the revenue cutter service
as cadets, are now being received at
the treasury department. There have
+. been 1OS applications received, and II
is expected hat there will be about 20O
on file before the examinations are
commenced. Those who receive an ap-
pointment as cadet in the cutter ser
vice are advanced to the rank of third
lieutenant after a course of study al
the school of instruction. In many
respects the service is more attractive
than that of the army or navy. al
though the advancement is usually
much slower.
AT. a dinner given last night by the
British ambassador M Mrs. James
Bryce among the guests were Senator
Kean n Miss Kean.
Representative Loudenslager has in
troduced a bill to increase the pension
of Mesheck P. Fish.
e. B. Green. of M~anasquan, has re-
turned home after a brief visit to this
city.