The Morris County chronicle. [volume] (Morristown, N.J.) 1877-1915, 1910-08-02

far from home and who find it hard
to save money" Inasmuch as these
young men" are undoubtedly sci0ns
of eastern families who have gone
forth to seek their fortunes while the
fathers and elder brothers remained
at home to take care of the Iong-estab.
Iished business of the family, this in
terest on the part of the postmaster
in their welfare and in their success
gives touch to the paternalistic side
of the postal banks which is interest
ing. The postmaster says he will not
get an extra cent in salary for the
extra work involved. but that he il
personally willing to work overtime
in order that these young men" may
be encouraged in thrift and economy.
Superior, Neb., reports that there
is no savings bank within 100 miles
of that place in any direction, and it
wants the first postal savings bank al
llotted to that State, as it had the
first rural route.
From Great Falls, Mont, comes the
plea that the city has more wage earn
ers in proportion to it's population
than any other city in the country,
many of whom are foreigners. The
postmaster is certain that the patrons
of his Office will appreciate a postal
bank.
The postmaster at Onarga, III,
points out that while the inhabitants
of the cities have savings banks ga
lore, the rural population of the coun-
try in large part is without conve-
niences of this kind. He suggests
that the postal savings bank will be-
come even more popular in the coun-
try than in the cities, and asks that
they be given fair trial In the coun-
try districts, including the territory
in the vicinity of Onarga.
At Centerville, Ia, the postmaster
reports large foreign population.
which either buys international
money oEders with its surplus savings
and sends it out of the community.
or carries the money around on its
person. This feature among the for
eigners has already been emphasized
| in the mining districts of Pennsylva-
MIA, where thousands of dollars have
already been reported in the hands
of the foreigners. working the mines
of that state. The postmasters of
Pennsylvania feel sure this money
will go into the postal banks.
Astonishing Indifference appears to
prevail in the south and west with
regard to the benefits supposed to flow
| from postal savings banks Those
sections were supposed, while the bill
was under consideration, to. be de-
manding such legislation with great
| fervor.
OF the 10000 postmasters in the
country but 1876 have reported the
| least interest in their localities in the
matter. OF the $4,000 or 5000
| banking institutions in the country
but 462 have signified desire to be-
| come repositories for the money to be
| placed in the postal savings banks.
The banks manifesting curiosity are
distributed through AZ states, and the
postmasters who have made inquiries
are in SO states Texas and Oklaho-
ma are the, only states of the south
where the subject appears to have
aroused much interest In Texas 20
! postmasters have written here for In.
formation and in Oklahoma nine.
Postmasters in Louisiana, Missis-
| sippi. Alabama. Georgia and North
Carolina have ignored the matter.
The officials of the postoffice de-
partment believe they will be able to
establish few banks by the first OF
the year 1911. They realize they
have big task on their hands Thus
| far, however, there are no indications
of any rush on the part of the people
| in demanding them.
Secretary MacVeagh recently urged
the banks to form associations to avail
themselves of the privileges of the
| Aldrich-Vreeland currency plan, but
thus far there is not one such associa-
l.tfon in existence, Futile efforts have
I Been made to form them so they may
be in existence when the next curren
cy pinch comes, but the banks are un
willing TO even go to the expense OF
preparing the necessary papers fol
associations.