New-York tribune., 1910-10-23
THE FIRST POSTAL BANKS
Each State and Territory to
Have One.
THE OFFICES ANNOUNCED
Cohoes, N. Y, and Rutherford,
n. J., on List-Trial Of
New System.
rrrom Tho Tribune Bureau ]

washington. Oct. 2o-The board Of trUs-
,ees ~ the postal savings bank system
insisting OF Posrmaster-General Hitch
c,r,,. Secretary MacVeagh. of the Treas
-, Denartueut and Attorney General
--I--,e~sham. held meeting in the Office of
- Postmaster General this afternoon and
s4--aIly approved a list Of forty-eight
-os-oficee ar which the new system OF
-as.al savfn IS is 10 have its first trial The
crcrs chosen include one for each state
and territory. They have been selected
asre- careful investigation by the officials
,f the PostofffCe Department with a view
~ making the first test Of the service as
thorough as possible under the limited ap-
r-ur-iation provided by Congress. The
amount appropriated for the first year OF
the system was only sl060Oo, and from this
sun must come all the expenses OF. equip
ent including the engraving and printing
u forms, certificates. bonds. etc. as well
Is the cost Of clerical assistance
OWNS 10 the srnaIlness Of this appropria-
zion j. has been impossible to establish
rostaI savings hanks in the first year in
-He large cities. The Offices designated are
al Of the second class. IN their selection il
has been the purpose TO choose communi-
-ies in which the conditions We're excep-
-5orallv favorable for the development Of
2 postal savings business. Most Of the
-]sces Oh rhe list are industrial centres
where wage eaTners VIII be especially bene-
e--d by the kind Of banking facilities af-
f7-5el A large patronage OF the service
s expected from foreign born Americans
En- -heee cities. who are now renting con-
siderable sums 10 their native countries,
usually ir tie form Of money orders.
Many of the places selected. particularly
those -u tte West. are not adequately pro-
--5eE with other savings institutions. The
work as furnishing the necessary equipment
20 The -ost0 0Flcps selected and having the
rae---asta-E and their assistants thoroughly
Instructed IN the operations Of the system
v4r probably consume several weeks, but
e-r-- effort win be made to have the desig-
rated Offices ready 10 receive deposits at
--- a.-. --- feasible date i is possible
-re- -ra plans devised for the postal saw
+--z system viii receive at least a months
rial .- -re original forty-eight Offices be
fore others are added TO the list although
q Is expected that the number viii be
ts--er- increased before the end Of the cur
-s-- ==-sI wear. The Offices designated by
ne trustees to-day are as follows:
ra=-=--a-. Ala. Globe. Ariz. Stuttgart.
- --r---r1 Cal- Teadville Col An
r-r.e .a-r.- Dover. Del. Key West. Fla;
p---sv..rk. Ga. Occur q Alene. Idaho. Pc
F- -. Princeton. Ind DeCOrah. Iowa.
r---=.--~- kan. Nfid5leshoro Ky, New
THeva. Ia. Rurnford. Ne; FrOstburg. Nd
Norwood. Mass HouEhtcn. Mich. BemldJl,
Srf-- r7-'+u0r-. Miss: Carthage No, An /
s-rD5a Mont. Nebraska City. Neb.: Car
Err CIV [=v- Berlin X. H; Rutherford I
y =. Ration. Y. n. CohCes. y Y sails 4
Hr-- - a. Tahreton X d Asftablua. /
0ri0- G---an Okla. klamath Falls, ore: /
Drrofs. PENN Bristol. r. l.: NewbeTry, /
s c. Dla6Wood. S d. Johnson City. /
Tenn PORT Arthur. Tex: Provo, Utah: I
1Ior-0er.s~ Vt. clifton Forge. Va Olyul- 4
ris Wash Grafton. W Va. ManitOwOC, /
Wis and laramie. WyO-