The Colville examiner. [volume] (Colville, Wash.) 1907-1948, 1910-07-09

The postal savings bank bill, adopted by the last
congress, provides for the designation OF post
Offices as postal savings depository offices. Ihe
opening of such repositories is left to the discre-
tion of board of three trustees, consisting OF the
postmaster general, the secretary Of the treasury
and the attorney general This board is given COM
pete control of the repositories and of their funds
AS it will require considerable 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 repositories any person over 10 years OF
age may make deposits of funds amounting to 81
or multplies of that amount. Pass books will be
issued to depostors, and interest allowed at the
rate of 2% per annum. No person is to be per-
mitted to deposit more than 500 in any one month
nor to be allowed to have exceeding $500 to his
credit at any time
The withdrawal of funds is to be permitted at
any time. The postal saving funds thus accumu-
lated are to be placed in state and national banks
in the communities in which the deposits are
made and the banks are required to pay 23q in
terest Five per cent of the total deposits is to be
held by the treasurer of the United States as re-
serve to guarantee the payment of depositors.
Banks are to be required to deposit security in the
shape of public bonds to secure the safety OF de-
posits.
There is a provision authorizing the withdrawal
of 3096 of the deposits for investment in govern
ment bonds, and the depositors are permitted to
transmute their deposits into bonds when they SO
desire There also is special provision author
izing the investment in bonds of the remaining
$50 of the savings funds but this step is be taken
only when directed by the president in the inter-
est of the general welfare. Postmasters in fourth
class Offices are to be given additional compensa-
ton for their services in connection with the de-
postories and postal savings accounts in the banks
are to be kept separate from all other accounts.
One hundred thousand dollars is appropriated to
carry the proposed law into effect and to establish
the first of the repositories It is expressly de-
clared in the bill itself that the faith of the
United States is absolutely pledged in the payment
of the deposits made in postal savings depository
offices, with accrued interest thereon as herein
provided"
Johnnie Did your folks raise any poultry this
year?
Willie-No; we planted some, but the chickens
scratched it all up
The editor of the Examiner is in receipt of beau
tifully ilumined style book for the fall of 1910,
thoughtfully sent by a Chicago clothing house,
which tells what will be worn this fall, and why
and where the goods come FROM
This book fills long-felt want. The editor had
the idea that he would have to continue wearing
out his last years clothes, but the book says diff
ferently, and even prints pictures of how you will
look" Since it is improbable that large Chicago
clothing house would falsify on so important mat
ter, we await the fulfilment of the promise with
out even taking the time to answer them, although
we don't see how we can ever stand on one leg
and hold the same facial expression of utter uncon
cern (Plate Page 19) while six beautiful young
ladies are playing croquet right in the next yard.
And we haven't any dog, either, as shown in the
picture; but it may be the dog will be forwarded
with the young ladies.
The book doesn't say anything about socks or
collars so presume we'll have to buy pair of socks
for this winter. Our collar will be back from
the laundry by that time too.
The editor would have preferred the suit on page
8, but we haven't face to match the one shown
| in the cut, and anyway one shouldn't kick when
the style book picks something else for you gratui
| tously.
The prospectus goes on to state that better
Grade of clothes will be worn this fall Now we
have noticed that no matter what the grade of our
clothes, they are always worn plenty, so If the
better grades are wearing more than usual this
fall, we can only lay it to the tariff or some other
internal ingenuity of the trusts to keep the work.
ing man down. Some of the men illustrated in
the book wear pinched look along with their
other apparel, as if they might be suffering with
liver trouble, and the gentleman on the back page
had his left leg torn off while coming through the
mail; but taking the book as whole we are much
pleased with it, and will wait patiently for further