Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1910-01-29
MEASURE PROVIDES FOR Ac-
cEPTANcE OF DEPOSITS AT ALL.
MONEY ORDER OFFICES; Ac-
COUNTS LrMiTEDrTo $500.
BALLINGER PROBE
is RESUMED TODAY
CLAWS CALLED BACK TO STAND
TO TESTIFY AS TO CUNNING
HAM CLAIMS; MoNDELL BILL
REPORTED TO-DAY.


postal savings bank bill was favorably
reported to the senate today from the
committee on postoffices and post
roads practically in the form submit
ted by the subcommittee.
The bill provides that there shall be-
established g. system of postal savings
repositories under the supervision and
direction Of board of trustees, con-
sisting of the secretary of the treas
ury, the postmaster general, and the
attorney general, acting ex-officio.
This board is authorized to make all
regulations governing the receipt,
transmission, custody, investments,
and repayments of moneys deposited
with the postal savings banks. The
board is required to report to con-
gress at the beginning of each regular
session the number of postof1ices re-
ce1ving deposits in each state and ter
lltory, the aggregate amount of de-
posts and the aggregate of withdraw
ais, the amount of interest paid, and
the amount Of extra expense incident
to the postal savings bank system
All postof1ices of a class authorized
TO issue money orders and such others
as the postmaster general may desig-
nate are declared to be postal savings
repositories They are to receive de-
posts from the public and are to be
kept open for the transaction of bust
ness every day, Sundays and legal holi-
days excepted, during the usual post
office business hours of the town or
locality where the repositories are To-
Gated.
1t is provided, however, that the
postmaster general may limit at first
the number of repositories to money
order Offices of the first, second, and
third classes and extend the system
thereafter as rapidly as practicable.
Accounts may be opened in any pos
tai bank by any person Of the age OF
10 years or over and by married wom
en- in their own names and free from
any control or interference by their
husbands. No person will be permit
ted to have more than one account
An account cannot be opened for
less than 81 and no more than $lO0
can be deposited in any one calendar
month. All deposits must be in null
tiples of 81, but in order that smaller
amounts may be accumulated for de-
posit, savings cards will be issued and
10 cent postal savings stamps sold.
When these cards and attached stamps
show an investment of 81 or multiples
thereof they will be received as de-
posits.
Deposits in postal savings banks
will draw 2 per cent interest credited
to the books Of depositors once in each
year. No person will be allowed to
have a balance in a postal bank in
excess of $500, exclusive of accumu-
lated interest.
Funds received by postal savings
banks are to be deposited in any sol
vent banks, subject to public super
vision and examination in the state or
territory and as nearly as practicable
in the Immediate neighborhood in
which the funds are received at
rate Of interest Of not less than 214
per cent
In the event that banks refuse to re-
ceive postal deposits on the terms pre-
scribed the funds may be deposited
with the treasurer Of the United
States.
CLAWS Again on Stand.
Louis R. Claws today continued his
testimony against Secretary Ballinger
before the congressional committee.
1 HC liiOoI important SCHtSIuSuC Was
when CLAWS declared that despite the
fact that he was directed by Ballinger
as commissioner of the land office on
December 13. 1907, to make thor
ough examination Of the Alaskan coal
land cases, sparing no one, the Gun
ningham claims were ordered Clear
listed" for patent within month
thereafter. This was later revoked.
Hepburn Brought Into Case.
The Journal of the Clarence Gun
ningham claims was offered in evi-
dence, showing an agreement with F.
3. Hepburn setting aside for him 100
acres Of coal land in consideration Of
which, it is alleged. Hepburn was to do
all the Cunningham legal work
To Open Coal Lands.
The house committee on public
lands voted today to report favorably
the Mondell bill admitting to entry the
surface OF coal lands in the United
States. The measure affects 10000, 600
acres IN Wyoming. Colorado, Utah,
New Mexico, North Dakota. Oregon,
Washington and Idaho.