Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1910-07-20
POSTAL BANK
BILL IS GOOD

WASHINGTON. d. c.. June a.
After voting down several amend
ments the Senate today decided, A
to %, to concur in the House
amendments to the postal savings
bank bin and thus took the last leg
lslative step necessary to the estab-
lishment of postal savings bank In
the United States. The measure
was included in the Admlnistra-
tons schedule, and its passage
marks another triumph for Presi-
dent Taft.
In accordance with the program
agreed on yesterday. the voting be-
gan at o'clock and the bill was
passed fifteen minutes later. Most
of the insurgent Republicans Joined
the regulars in supporting the meas
ure IN the final vote, but Senators
BrlFtow. Cummins and La Toilette
refused TO yield and cast their bal
lots with the Democrats. I5nator
Chamberlain cast the only Demo-
cratic vote for the bill.
Before the vote there YVES much
discussion of the bills. The first
speaker was Senator Brlstow Of
Kansas. who said he would rather
stay in Washington a month longer
than accept IL. He asserted ma
iority of the votes for the House bill
would be cast by Senators who want
ed no postal savings legislation. Con-
Guiding. he said: "The bill creates
a pipe line to the speculative CEN
tiers for the money from all over the
country"
Simmons denounced the bill as
IAN abject and humiliatlng surren'
der to the banks" and predicted
that before the end of the next
campaign the bill would be the most
unpopular ever passed by the Re-
publican party, mot excepting the
spurned, rejected and trampled-
upon Payne-Aldrich tariff law"
Declaring that the House had re-
jected every feature for which the
Senate had made special endeavor,
Hughes read articles from newspa-
pers, declaring that the President
had threatened to veto the rivers and
harbors and public buildings bills
II the House postal savings bank
bill should fail of acceptance by the
Senate. He demanded to know
whether the contents of the pork
barrel should be more potent in in
nuencing Senators than the require
ments of the Constitution.
Carter defended the bill Meeting
the contention that the bill was an
entirely new measure, he declared
that its provisions were along the
lines marked out by many bills pre-
scented since the beginning OF the
agitation for postal savings banks.
He said that although the bill diff
fered somewhat from the Senate
bill, 1t was the result of compro-
mise, but 1t was still an expression
of the dead level" sentiment of all,
The postal bank bill, as IL goes
TO the President, provides for the
designation OF postofiices as postal
savings depository Offices. The open
ing OF such depositaries is left to
the discretion of board of three
trustees, consisting of the Postmas
ter-General, the Secretary of the
Treasury and the Acknowledgement.
This board is given complete con-
troll of the deposltaries and OF their
funds. AS II will require consider.
able time for the board to prepare
its regulations, It is impossible at
this time to predict when the postal
banking system will be in operation,
In these depositaries any person
over 10 years of age may make de-
posits OF funds amounting TO 81 or
multlples of that amount. Pass
books Will be issued to deposItors