Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-12-26
POSTMASTER GLOVE
At HOME AGAIN
VIII Take Stcps to Install Postal Saw
inss Bank System in
Near Future.

Provo, Dec. 26.-Postmastor James
Glove has returned from Washington,
where he went on business connected
with the Postal Savings bank, to be
opened In the Provo postoffice Jan g.
The plan OF deposit, which has been
adopted by the postal savings commits
sion. after careful investigation of the
roStal savings systems of other coun-
tries. ,s called the certificate plan. Some
OF its features are rs follows:
No less amount than 81 will he re-
ceived for deposit: but cards. costing
10 cents. can be purchased from the
bank, each card having nine spaces, on
which Decent stamps can be pasted.
The card, when nine stamps are posted
on it, can be deposited and q 81 certih-
cate of deposit win be issued therefor
This makes ii possible to practically
begin by dcpositing 10 cents. No more
than 800 in one month. nor more than
$500 in ono year will be received from
any one depositor. The deposits bear
interest at the rate Of . per cent per
annuni. The certificates are in denom-
nations from 81 UP TO So They are not
transferable, and the money fOr them
cannot be drawn by any person other
than the original holder, except in case
of sickness or other inhrmity, when the
thorized person. The money taken In
on deposit will be re-deposited with
local banks, upon application: and If
no applications are made by the local
banks, then in other banks of the state,
Security will be required from the bank
of deposit in the shape OF state, county
or municipal bonds.
The government is of course RESPONSE
BILE to the depositor and the postmaster
will have II reserve fund. and credit
with the treasury department.. with
which TO pay depositors as they may
want to draw their money
The board of trustees of the Postal
Savings banks are the secretary of the
treasury, the postmaster general and
the attorney general
This addition to the business of the
Provo postofficc. which IS. so far. the
only postofticc In the state with a
postal savings bank, has made neccs-
sary some changes In the postoffice
force. Miss Sadie Graham. who has
here. Will have charge OF the savings
bank department. Elvin Jackson will
take Miss Graham's place in the regis
try department.: John W. McAdam will
be promoted from the mailing de-
nnrtmcnt to the money order depart
mcnt, to relieve Asst. Postmaster ".
II. Duscnberry who has hitherto been
nent, and who will hereafter devote his
time solely to the assistant postmas-
ter's duties James Clayton will be
promoted to be head Of the mailing
department. and a new clerk. at a sal
AIRY of $500 year, has been allowed
the office,
The postal savings banks are an ex-
pertinent in this country. and only a
few will be established at first, to de-
termine how the people Will take to tho
system. which Is popular In Europe
and other countries. If 1t becomes pop
ular here banks will be established In
postoftces, wherever conditions justi-
~.
While Mr.. Glove was In Washington
he also arranged for the establishment
OF Il sub station of the Provo postoffice
ut the Brigham Young university, to be
opened Jan. 1G. which will he n great
convenience for the large number of
students attending there.
Mr.. Glove reports pleasant trip in
spite of the fact that the weather is
very cold in Washington. and all
through the cast,