The river press. [volume] (Fort Benton, Mont.) 1880-current, 1910-02-09
WEDNESDAY, FEE. 8. 1910.
POSTAL SAVINGS M

<1AIOAk V0O u0O00AAO0 AoACA SOu0AN
Grafton by congress is q postal sav'
ings bill introduced by Senator Car.
ter, which proposes to encourage
habits of thrift among American citi.
zens by providing q safe depository
for their small savings. This con.
venience has been promised in politi-
cal platforms from time to time, and
bills with that purpose in view have
been submitted to congress, but indu.
ences that are opposed to . postal
savings bank system secured the re.
lection OF the proposition.
The substance Of the proposed law
is given in these extracts from it's
provisions:
That every postofice within the
United States which is authorized to
Issue money orders, and such others
as the postm aster general In his, dis.
erection may from time to time desig.
nate, are herebyldeclared to be postal
savings depository Offices to receive
deposits from the public and to &C.
count for and dispose of the same &C.
cording to this act.
That accounts may be opened and
deposits made in any postal savings
depository established under this act
by any pereon of the age OF ten years
or over, In his or her own name, and
by . married woman in her own name,
and free from any control or inter-
ference by her husband; but no per.
son shall simultaneously have more
than one postal savings account.
That at least one dollar, or q larger
amount in multiples thereof, may be
deposited after such account has been
opened, but no one shall be permitted
to deposit more than 600 in any one
calendar month: Provided, That in
order that smaller amounts may be
accumulatedIfor deposit any person
may purchase from any depository
Office for ten cents q postal savings
card to which may be attached spe'
cially prepared adhesive stamps, to
be known as ''postal savings stamps
and when stamps 90 attached amount
to one dollar, or q larger sum In mul
tiples thereof, including the ten.cen
postal savings card, the same may bt
presented as a deposit for opening ar
account, and additions may be made
to any account by means of such card
and stamps in amounts of one dollar,
or multiples thereof, and when a care
and stamps thereto attached are re
deemed by any postmaster he shall,
Immediately cancel the same. It II
hereby made the duty of the post
master general to prepare such pos
tai savings cards and postal savings
stamps of denominations of ten cents,
and to keep them or sale at every
postal savings depository Office, and
to prescribe all necessary rules ani
regulations fori.the issue, sale and
cancellation thereof.
That interest at the rate of two pc,
centum per annum shall be allowed
and entered to the credit of each de-
position once in each year, the came to
be computed on such basis and under
such rules and regulations as tn,
board of trusteesl may prescribe: bu'
interest shall not:be computed or al
lowed on any amount less than ont
dollar, or some multiple thereof
Provided, That the balance to the
credit OF any one person shall never
be allowed to exceed $500. exclusive
of accumulated interest.
The plan outlined in this bill follow
the lines of the postal savings banl
system that has been in operation il
England for the past forty years, ani
which has proved to be a popular ant
successful institution.
OUR AMERICAN COOKS.