The Charles Mix new era. (Wagner, Charles Mix County, S.D.) 1???-1911, 1910-02-04
AND INTRODUCED IN THE SEN.
ATE ~ SENATOR CARTER.
or MONTANA.
" PER Cent INTEREST
Lively TIN In Upper House Over Reese
bud Reservation Opening Bill,
Ending In lie Final
Passaos.

Waahington.-The postal savings
bank bill, drafted by Senators Carter.
Dolliver and Owen. q subcommittee
Of the committee on postofices and
post roads. was perfected and by Mr..
Carter was introduced In the senate.
1t raj referred to the ~postoffice com
mittee.
Particular attention was given to a
scheme to prevent the concentration
Of postal deposits In the money en-
tiers Of the East.
This objections to the establishment
OF postal savings banks has been met
by . provision allowing banks receiv-
ing the postal funds for safe keeping
to give indemnity bonds in lien OF col
lateral security. which obviates the
necessity OF banks going to bond cent
ers to purchase the securities required
by the government.
PROVISIONS OF the Bill.
The bill provides that there shall
be established a system OF postal saw.
ings. repositories under the superyi-
" III uIiCNllOA Va q Ocdlu ol lus
tees. consisting Of the secretary of
the treasury. the postmaster general
and the attorney general. acting ex-
offlcio.
All postofiices Of a class authorized
to issue money orders and such others
as the postmaster general may desig-
nate are declared to be postal savings
repositories.
Accounts may be opened in any pos
tai bank by any person OF the age Of
10 years OF over and by married won.
en- In their own names and free from
any control or interference by their
husbands. No person will be permit.
ted to have more than one account.
An account cannot be opened for
less than 81, and no more than 500
can be deposited in any one calendar
month. All deposits must be in multi
pies Of 81. but in order that smaller
amounts may be accumulated for de-
posit. savings cards will be issued and
10-cent postal savings stamps sold.
Draw 2 Per Cent. Interest.
Deposits In postal savings banks
will draw 2 per cent. interest, credited
to the books Of depositors once in
each year.
Funds received by postal savings
banks are to be deposited in any sol.
ven banks, subject to public supervi-
sion and examination. in the state or
territory and as nearly as practicable
in the immediate neighborhood In
which the FUNDS are received at a rate
OF interest not less than Pa per cent.
Would Dispose Of indian Lands.
That there Is not unanimous APPROX
al of the present method of disposing
was made evident In the senate when
Senators Gore, of Oklahoma, and Bur.
kett, of Nebraska, made vigorous pro-
test against the adoption of this meth
cd in the sale OF the unallotted lands
in the Rosebud Indian reservation In
South Dakota.
The question was sprung by Mr..
Gore. who offered an amendment per.
hitting applications for the land to be
made by registered mail instead of re-
Quiring a personal registration on the
ground.
Mr.. Burke criticized the present sys.
tenn in unmeasured terms. He told OF
the crowding of the trains and the In
sufficient accommodations in the from.
tier towns On the occasion OF recent
openings. and declared that they had
been marked by much crime and
blood-shed, due to the presence of
thugs in the attending crowds.
Replying, Senators Gamble and
Crawford. OF South Dakota. defended
the present method as the best obtain.
able. Mr.. Gamble declared that Mr..
Burkett had drawn on his imagination
when he had charged crime in con-
nection with recen openings.
After a mild filibuster, which con
tinued for about two hours. the bill
was passed.