Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-11-01
MUCH INTEREST IN
POSTAL BANKS
EXPERIMENTS
Forty-eight Postoffices Select
ed After Careful InyeStiga-
ton 10 Make Tests Thorough
as Possible.
Morning journal Bureau,
els MunseY Building.
washington, D. q. oct gl-

washington, y. O., oct 81.
There is much interest I'm the an
nouncement tina postal savings
banks will be given their first trial
under the recent laW at forty-oisht
second class postOffiees OF the coun-
TT y,one In each state, according to a
decision reached By the board o,
trustees.
The forty-eight p~ostoffices M
which the banks are to be established
have been selected after careful in
~yestigaticn by the officers of the
pestoffice department, with a view TO
making the first test of the o.vice
as thorough US possible under the
limited appropriation provided by
congress.
The amount appropriated for the
first yeai e. the sytem was only
100000. From this sum must com ,
an the expenses cf equipment, In
Guiding the engraving and PRINTING
OF forms. certificates, bonds, etc as
wen - the cost OF clerical assistance
for the conduct OF the postal eayings
business.
Owing to the g.rgllncsa of the APP
prop. lation. it ha' been impossible 30
establish postal saNings banks dur
ins the first year In tho large city
postoflices Of the country. The Of
fices designated ere all OF the gecond
class.
In THEN selection II has been the
purpose 70 choose communities In
which the conditions are exception
ely favorable -cr the development of
a postal savings business. Moat Of
the places on the list are industrial
centers. where wa~e enrncrs VIII be
especially benefited by the Kind OF
banking facilities afforded.
A large patronage Of the service IS
expected from the ~iorcign-horn
Americans IN those cities who are
now RENTING considerable sums TO
their native countries, usually in the
from Of money orders. Meny &C the
places selected, particularly those In
the west, ore not adequately provided
with other Swings institutions.
The work of furnishing the ncecs
fary equipment 20 The postnffices se-
and having the -postmasters
and theiI assistants thoroughly in
structed i'm the operation OF the
banking system win probably ON
sumo several weeks, but every effort
win he made 10 hpve the designated
ready Ia receive deposits az
the earliest feasible date.
It is probable thet The plans de-
for the new postal savings syf-
viii be given Ut lecst a months
trial in the original forty-eight Of
before others are added to the
list, although it is expected rhat the
number OF officcs win be largely i'm
creased before the end OF the current
fiscal year.
The forty-eight pcr.c.ficcs desie-
mated for postal savings banks are as
B,ssemer. Ala. Globe. AIiz. Stutt-
CART. Ark: Ctoville, CAL; LeadNilic,
Colo; Nebraska City. Nehr5 Carson
City. New. Berlin. y. d. rutherford,
j.; Ration y. NJ, Ansouia. Conn
Dover. Del. Key west. Fla. B.uus-
Ga. Coucr d.Alenc Idaho
Pekin. H.. Princeton. Ind, Dcco.ah
Town; P%ittshurg. kan, Middlcbcro,
Ky: New Iberia. L.; Humi"rd. Me
~Frostbuis. Md; Norwood. Mars.
'Ioughton. Mich: Eesmidji Mimi
'ohces. y. Y, salisbury. n. c.
Wahpcton. y. u '""'a'
,uyman. Okla. Klamath Falls, Ore;
Dubois. Pa. Bristol AZ
berry. $. g.. DcadUood. s. D.. John
son city. Tenn. Fort Arthur. Tex.
rove. Utsh; Montpolit VI. Ciiftou
rorcc, Va. olympia. wash; Gulf
tort. Miss Carthage. Mo; Ana
.onda. Mont Grafton. ". w.. Man
towoc. Wis. Laramie. Wso.
According Co estimates there are
100000 citiz ms Do the United
who pre more than ten years
,ld and maFc no rge whatever 81
banking facilities. How Ven
go 0H0 ppstme ste.s and fl.eon
ufal free delivery Carriers can coli .
eco small strin-s from hem when
banks rrc in run opefntiou is 81
question.
From 1897 to 1907 deposits in tho !
banks Of cunadn increased