The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-07-06
LUEEVARM ON POSTAL BANKS
FOsT RtSTgRS sND RtNKgRs
sH0W IUR 0F INTERgST.
oSas ,sss, FHtt mamh. Tta,- tssssi 80
n~-~sa- B-p~-Hsstss 80 Pwst-
HsAst~vs tssgsfir~ tbaut th- Pisn uft
Prstsabi, ~ ssarted in .Ianuarv Nryt


,sstxat1v .tliv g rhs-., has ns.u
q market 'lasE ~ interest ~ irs=-ifuasfsf-
anil Llsuk~r- In fF- H-1s raHarsl sayinss
baut ~ 60 fH AS night I"-s frsu
hf'v Uar,s hat wasis up..rt 20 Or
De- snafi1n ~ dsfls,fpr.as ~ r'-'ai
fltnsl-. srd uuIv about ffs sam" rrr1t-r
% pn-tma-i-rs hsi ass'-i 'I b. authorized
20 Acy-p' postal -agIHs-
Iha inusrafiIrs a.. fhaf f.-' u,aTl ~
Trustees, cpmpu-s.i - 'h" r.sima-tsf
General. fb- Nfipru~y ti~u~rs and 'h"
S..cr-iRry 4 tho Tr~asirv Will H, unsIi"
tor many wuufIF tr isu.i gu.sf" th" fsr-
offics-- thai are o. reserves postal saving.
Tho system - net 90 u~ iutrusiur.'i z-n.
orally Of the ouis.i I'wiIl b. tr,s-i "a an
experimental form a. fr-t Under 'hs
law po-t Offices - al classes may be-"
ds.-is nAi.,l ~ postal hanks n - known
20 bs rhs purpos. "a Oh" boar,i q trtist"'H-
10 HINT de-, snations ~ tho beginning 20
Offices 81 the nr-t class. such -, New
Vows philNi-lphia AMI Boston ia iu"
hast ~ LOUIS. Chicago. ~. Panl and
Indianapolis Ia thu West. With few
Office. m the intermou ntan region and a
few GA the Pacific coast.
When post masters and clerks IN PTesi
d-uuai oHlc.., l,arn thai they Will get no
additional compensation Tor the work
incident To- handhnk postal savings n -
thought that there Will b. "a good deal ~
compliant Fourth cls-- pu-trnast-ra are
TO b. compensated Tor the work they do
m conu~Ction with postal savings. but tho
allowance ~ ~ bs' small ONE fourth ct
I per cent uu the average TIn upon which
A. a.
\ cpmmitts's namcd nv the board -
tr'istses. COMPOSED - postal experts, -
now figuring Ola plan ~ organization
for Uncle sans new bank Until this
Commute" makes q report IA" board
wall not again meet IN" ChauC'S are
that & al not assemble until tall. Sa~fs-
,ary MacNeagh. who - a In-mhcr Il "a.
board. will leaN" Washing IN tomorrow
and doses not eNIs'Ct e. r't'tTn until Dc
tol-sr Nv that time " ~ believed the
"Ommitt.-, viii h. ready - r"p,rt Ry
November ~ n - expected arrange
ments will have been perfected e. nitro
dlc,, the SYSTEM and by January about
scnra ut the larger past Offices will be
ready u begin To- receive deposits
Down ~ oklahoma v@ppl" who arr
Opposed q ia" SAT" guarantee bank
law haV. m ri"a that IA" t'usi1l savings
tank - dest in'd tp show mp IN" -t1llscy'
# that statute lhI- J. Indicated ~
letter received nv 49,. Postmaster -6t"rn raj
'n-'taN from "a national banker IN thu
Western State "" wrote.
4 am national banker and want
tn $500 IN" effect IN" new hank wall hav"
m IN" state guaranty Law. which N
my opinion - very Uurh GA the Wans
| thInk YOU Shogld trv the new bank m this
ci'V Ne arr -ru.whtt held back her.
uuW aud net making very much effort
20 d. business no TINS country SIMPLY
an account ut tins guaranty law ~ We
d. not know what - going g. happen.
stacks ard loads e these State hanks
ar. m the hands - unfit men who an,
absolutely income" teut - run any
ing except q nsfur"ratI" Var,i meeting
~rna day things ar. guigG ~ hr"ik on
Oklahoma ant rptt"uu"-s u d! 10 ~ D. sd
| want - tn" o. -tal hank installed
here a. soon as pnss lhla So a. g. gtvs u
'ryout ! thiuI n" state hanks uV-'r-
a,sd under tho guaranty plan viii get
IN" worst e u