Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-07-08
COMMITTEE OF PoSToFFlcE Of
FIcIALs TO DEVISE SYSTEM
FOR POSTAL BANKS
MONTHS TO BE REQUIRED
IN FORMULATING PLANS
Committee Will Prepare Forms For
New Service, Devise System Of Book
keeping, and Arrange Instructions for
the 10000 Postnasters Whose Off
ces Will Be Made Deposjtories.
Especial Correspondence

| Washington July s.-A committee o
officials Of the postoffice department
has been named by the postal saving!
bank trustees to prepare and recon-.
mend system under which the new
postal savings banks, authorized by
| the last congress. may be operated.
| This committee is composed Of H. H
| Thompson, superintendent division Of
| finance; chairman; Bayard Wyunan
superintendent Of the division Of post
masters appointments; Basil Miles
superintendent division Of foreign
! mails; James B. Cook, chief, division
Of inspection; c. H. Fullaway, assist
ant superintendent, division of finance;
G. G. Thompson, superintendent diyi-
sion of supplies and George G. Kimball
postefftce inspector.
This body Of mail experts is charged
with the duty. by the trustees. Of ar
ranging the details of this new activ-
ity of the postofrice department. They
are to prepare the forms for the new
service. to agree upon system OF
bookkeeping and arrange for the in
struction Of the postmasters of the 49,
900 postoffices in the operation of the
banking system.
Months Will Be Required.
The committee was appointed by
Postmaster General Hitchcock with the
approval Of the other two trustees. 1t
will commence work at once. Months
plans and the preparation of blank
forms of records, stamps, regulations,
instructions and deposit checks.
Nf oil wi
pare a system OF bookkeeping which
master to understand. yet which will
be rigid enough to safeguard the
funds of the depositors left in the
custody of the governments agents
This the committeeman regard as their
most difficult task.
1t has already been found that
large force Of clerks will be needed in
the departm ent to handle the new bus
mess. It was stated at the department
today that practically all of this force
will be drawn from the present en-
ployes of the department. 1t may be
that few outsiders will be called but
this is not now expected
AS a matter Of fact the trustees only
have 100000 with which to put the
savings bank system into operation.
This will not be adequate unless the
strictest economy is practiced- Large
ly for this reason the trustees will be
forced to use the present employees OF
the departrn to carry their plans
into effect.
Postmasters Flo Applications.
Already letters have been received
from a great many postmasters asking
that their offices be among the first to
inaugurate the savings system. They
say that their patrons are now clamor-
BRING for government banking facilit-
les and that the indications are that
1eavy deposits will be made.
Also the banks in many sections are
asking to be made the repositories of
the funds collected by the government
More than twenty letters have been re-
ceived from institutions offering their
vaults for deposits.
It was said at the department today
hat but few of the important regula-
tons had been discussed. These vii!
be evolved after a complete study of
the postal savings bank systems OF
other countries.
At the meeting yesterday the trus-
tees elected Chief Clerk Theodore L.
Weed, of the postoffice department,
secretary OF the board.