davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1911-07-16
Copyright

Copyright, 1911, hy Frank c. Carpenter)
 with Uncle Sam, banker? You 0 can do it at several hundred diff ferent places over the union. A thousand or more banks will have been established by the time this letter is published, and this number will be extended until 1t GOV CTS the 4o,OO0 and odd money order post offices throughout the United States. The postal savings bank bill was passed only last Congress and the business was start ed with s100000. This was to establish 4S banks, each state having one. When Congress met again in the spring more banks were started. Forty-five additional ones were in operation in April, 36 more were added in June, and from that time on they have gone ahead at the rate of 50 per week. At the beginning of the year the AS which were first started had taken in only about S75,00O but with the new banks the deposits have quadrupled, and they vii soon amount to a million dollars or more
 Two Billions of HOarded Treasure
 Indeed, it is impossible to prophecy how much money will come into the post offices. The amount will run into the hundreds of millions. It can do that and still not affect the banking institutions which we have today. The officials of the treasury department who keep track of the money in circulation and in -.ie banks say that there is an enormous sum not accounted for which lies idle, ' either in hiding or in the pockets of the people. This amount is more than two thousand million dollars. It is enough to give sl00 to every family in the United States and enough to buy the steel trust and leave something over for few rail- roads or so. It is about per cent of the aggregate wealth of the nation, and if it could be collected together into one pile 1t would almost pay the national debt twice over Take it out of hiding and turn 1t into government bonds and we should not have to borrow a cent from outside nations, and at the same time would have enough surplus capital to complete the Panama canal and dig a ditch big enough for the largest ocean steamers rom the great lakes to the gulf.
 Similar hoards have existed in all coun' tries, although nowhere to such an exten' as is ours. We are the richest of the ma tions and we have more loose none, than any of the others. Take for in stance, the Hindus where the standard is so low that you can hire man Tor Il cents a day, and where many of the peo ple figure on how much they will eat fol supper in order to know whether they will have enough left for breakfast. Tha country is known to have hoard in gole or silver or jewels hid away under its floors and since the British government has esta blished postal savings banks there $500 ooo,o00 have been taken out and de poslted, and the accounts in the post
The Birmingham age-herald., 1911-07-16

vania offices a boy has opened an account
 in order that he may have a start in life when he is through school, and in other places men are opening accounts for children and starting them on the way to save. One philanthropic man in Owens- boro, Ky, has purchased postal savings cards for all the public school children of that town, his idea being to encourage thrift through the use of this government system. This seems to be an excellent idea, and I suggest it to such of you as have a charitable dollar to put where it will bring big results. Take village or town which has a thousand school chil- dren. An investment of sl00 in these To- cent postal savings cards would start the children of that whole town to saving, and would be better charity than the,pau- perizing, indiscriminate gift-giving which Is so common today. One might take the children of a single school or class and do the same. Indeed, this system of giving is subject to countless variations.
 Government Bonds for Savings Bank
 DepositOrs
 Connected with the postal savings bank act is a provision by which the certif- cates of deposit may be used to buy gov ernment bonds. This went into effect the 1st of July, and many bonds have already been purchased. The law pro- vldes that postal savings, in the sums of $2O $40. $60, SsO and s10o, and multiples of S100 and $500, may be turned in for bonds, which shall be in the above denomina- : tion. and shall bear interest at the rate of 1-2 /per cent per annum, payable semi-annualy. These bonds cannot be bought except by postal savings bank | depositors, but they are arranged that any one can have a part Tn the govern ment debt of the United States, and can | own a government bond. They will be | sold to such depositors at par. They are exempt from taxation, and they will probably have market value somewhat | higher than at the rate they are sold to depos.tors. This, 1t Is thought. will add ] to the stability Of our government. Ev-
 cry anan who owns such bond will want | to support the government and will feel I that he has a part in it. It will probably result in great part of our bonds, which
 are now held by the rich, here and in
 other countries, going into the hands of | the people.
 Patronized By Foreigners
 l So far we have thousands of foreigners who have been taking out deposits in
 these new postal savings banks. These l men know the postal savings banks of
 their own countries, and they have faith 1 in ours because they are backed by the 1 government. Postmaster General Hitch
 cock tells me that vast sums have an.
 nually been sent abroad by the foreign element of this country in order that ] they may be deposited in the banks oi Europe. Some of this goes to the banks direct and some Is sent to friends, whc put 1t in the postal savings banks ol their respective countries.
 In the four years ending with 1909. moro
The Birmingham age-herald., 1911-07-16

coming to him. He can draw as much or as little as he pleases provided the de- nominations are right, and when ms money is all drawn the tearing up of the manila jacket closes the account and wipes his name from the government rolls. Tn fact, there is no other record.
 Not Intended for Millionaires
 These banks are not intended for mil- lionaires. In fact the most that anyone can have on deposit at any one time IS $500. and it is not possible 10 deposit more than S1O0 in any one month. When the first 4S banks were opened many farmers came in with sums ranging from S1OoO to $l0, GOO, and were surprised when they were told that only s100 could be taken per month. One old woman called at the Post office Department here in Washington. She had a big fat rocketbook with her which contained the savings of years. She said that she had lost her money in pri- vate bank failure 25 years ago and that since that time she had been praying for a government bank where her funds would be safe.
 At one of the other stations two farm CTS brought in two canvas bags of coins which together held more than $300O. and asked to deposit it. while at Dubois, Pa., a German miner offered $1700 and was surprised when the postmaster would ac- cept only $100. At Ashtabula, O., one lady deposited $100 and said she would return monthly until her account had reached the limit while at the same office man who was refused the chance to put in $500 at a lump said he did not care to open an account where the money went in on such small installments. A Chance for Women and Children These banks will be patronized by the women and children. The law provides that husband has no control of the de- posits made by his wife, nor guardians any control over those made by theil wards. Even the children can deposit and their parents cannot get the money except by their consent and by their sig natures in the presence of the postmaster l Any boy who has dime may begin ar account by having postal savings card upon which he can paste nine other 10 cent postal savings stamps, which he may buy as he gets the money. When the cents worth of stamps have been stucl on the card, 1t represents dollar ant
 may be exchanged for q dollar deposl
 draft at the postoffice. His name ther
 goes into manila jacket. and he is one o
 the patrons of Uncle Sam's great banking system.
 Suggestion for the Benevolent l In all places where the banks have peer
 established many children are among th' depositors In some instances postmast
 CTS have been asked to address the public
 school children on the system, and schoo teachers from all parts of the country arr
 writing the department for information
 concerning 1t. At one of the Pennsyl
The Birmingham age-herald., 1911-07-16
offices are almost one million In number. Uncle Sam's New Banking System

offices are almost one million In number. Uncle Sam's New Banking System
 But how about taking care of bus mess like this?
 Think of the work of handling 4000o different banks. each of which has hun dreds of deposit accountsl
 Think of the deposits and withdrawals, of calculating the interest and of the keeping the accounts, where the loss Of a cent in the balance may set a clerk crazy, as is common in the banks of todayi l These are some of the troubles that are l agitating the other nations which have similar banks and are costing them mill lions. It is so in Great Britain, where a big building at London is devoted to keeping the books. The banks have been in operation there for p years, and the separate accounts are 100000 in number, while the total deposits now equal s7S1 ,00o, 900. The cost of the machine is such that I understand the business is run at a loss Similar books are kept In France, Ger many and in nearly every civilized coun- try on the face of the globe.
 This was one of the difficulties which faced Uncle Sam when he took hold oi the problem. Our postal savings bank business is bound to be twice as large as lidl ol any JULIET HdllOH ana SHOuIu we carry it on in the same way Mir. Theo- dore l.. Weed, the chief clerk of the Postoffice Department and the secretary of the board of banking trustees, tells me we should have to establish, in time, g great accounting system here at Wash. ington, with a great force of clerks tc keep track of the moneys in these thou sands of offices scattered over more thar three million square miles.
 | Nevertheless, we have begun the bus ness without a cent of additional expens, for clerical hire. And, moreover, tn, prospect is that it will be carried or without any material change in our gov lernment machinery when the deposits ar, hundreds of millions, and that at an ex pense which, in the light of its cost t, other nations, will be ridculousy small
 An Idea Worth Millions
 For the invention which has done ava, with the enormous bookkeeping, Incl, Sam is indebted to MT. Frank Hitchcock his postmaster-gene It Is an inven tion worth millions, for it is estimated that 1t will save at least a million dolar a year to the government. It will certain
 y do away with the possible employ ment of POGO bookkeepers, which even a as low salary at 5000 year would mak an annual draft on the treasury of s2, GOO. 000, and that in addition to other machin cry which would greatly add to the total MT. Hitchcock conceived tlie idea dlriD, his trip to Europe last summer He ther saw the complicated machinery of othe nations, the most of it based on tn system devised by Gladstone, which Ina been adopted by 40 other countries. Thi Twas the tHe of the passbook, which i England meant the posting of tlj je deposl
The Birmingham age-herald., 1911-07-16
UNCLE SAM BANKER-By Frank c. Carpenter

than $s1200O,000 of such money orders
 were issued, and a large part off them
 were for savings deposits. Now that the
 postoffice bank has been established, a
 great deal more of this money will go into it. This has been the case in the
 banks opened in the mining camps, where
 many foreigners are employed. It is so, l also, in the milling centers and in all laboring towns. At one of the Pennsyl-
 vania offices group of foreigners. both
 men and women, called to see the post
 master, and on being informed that they
 could only deposit $100 each. they went
 away saying: No good to us. Take too
 many months to make deposits. come
 back when government gets bank fixed better way"
 Wanted to Pay the Postmaster At Frostburg, Md, an Italian who de- posted $50 offered to pay 50 cents for the certificate, and when he was told it
 did not cost anything and that his de- posit would also draw interest. he was
 much pleased. At an Ohio office Syr-
 ian woman tried to deposit s37O, and at Oroville. Cal. a number of foreigners
 offered from s1Ceo to 5000 each, which, of course, was impossible. At Ashtabula. Ohio, a foreigner came from Painesville
 with $500 and at Globe, Ariz., the post
 master says that his depositors rank as to the amount of money held as follows American, English. Austrian, German, Russian, Mexican and Swedish. At many of the places interpreters have asked Tor literature on the system saying that they want to explain it to the foreign laborers of their settlement. whit at Dubois, Pa two priests of foreign churches there are studying the system, and say they will spread the news among their fiocks It Runs Easy
 | In my talk with the Postmaster Gen. | eral and the officials in charge Of the | bank here in Washington I have been shown the system and the accounts of its | operation to date. The increase in num- | Der of depostors and amount or de- posits is rapidly growing, and that as to every branch of the business. The de- | posits of the stations first opened have 8 larger ratio of increase every week | proportionately rapid. At the present issue the deposits at the AS original post offices at the close of year from thelr date of opening will amount to over ss0O.0O0, and If the system should pc ex- | tended to all the money order on,ces | it will at the same ratio at the ena ol
 the first year thereafter have sonie''i'"s | like Se00OO0, 900 on deposit.
 In the building of new postonices the
 government will put in special offices for the savings banks. This will pe the case
 in inc new postofice at Washinston,D. l C.. which is soon to be built, ana event ually similar arrangements Will nave eo | be made in the larger cities.
 | The most surprising feature or the
 work SO far is the case with which 1t IS | handled. The new banks are running
 without complications. There have been
 no objections from the local savings m
The Birmingham age-herald., 1911-07-16
Lay on Snake Hole

Little did Johnnie Nebon, sheep- herder for w. R. Weston, banker and his flock kmaster of Cody, Wyo., think when he threw himself on the ground near his focks, clasped his hands be- hind his head that he lay over the hole of q deadly rattlesnake. The first in- timation Nebon had that he was near death was when he felt painful sharp sting in his right hand Jumping to his feet, he faced a big rattler. ready for another throw. Nebon pulled his gun and killed the reptile. Rushing then to his sheep wagon. he bit piece of the flesh from the wound and suck ed the poison from the bitten finger; he then further cut his lacerated hand with his razor utilizing ammonia. Ne- bon then rode in record time to Cody, and had the wound cauterized and dressed. His physicians state that he will in all probability recover, owing to the heroic and prompt measures taken. 7. 's-.--'---- -
The Birmingham age-herald., 1911-07-16

stitutions and the postoffices promise 10 bring a vast amount of new money into circulation. Indeed the postal savings bank Is the greatest financial success or this administration.
Evening times-Republican., 1911-06-02

leo, 1856. At Pontiac. H.. Mr.. Lay6cck
was married on Dec. ~. 1881. 70 A6iss
Adella Myer. After residence IN Man-
sas from 1855 to 1854 ar. LaNsock
came to story county and since that
time has resided In story and Assuhaii u
counties. He was an active,memoerIof
the Methodist church.
Mr.. Laycock is survived bysthc'wife.
his aged mother. who resitfes' IN Xcar-
ing. one brother, "A. X. IAycoek. also
of Gearing. and one sister. Mrs. Il. D.
Myer, of Marshalltown.
The funeral services will !, DO heid
here Monday afternoon. andSthe body
will be taken to Chenoa. III, for tn
terment. Mr. and Mrs.,E. II. ,Myer ssnd
Mrs. A. NJ. Myer wentl to st Anthony
this morning and Mr. A NJ. Myerfwiil
10 this evening.
Evening times-Republican., 1911-06-02

Ads In the classified columns OF the
Times Republican cost cent per word
per insertion. Try Il tomorrow.
Give Kendall 4 West your order FOR
groceries and vegetables. They VIII
give it prompt attention. Phone 44s.
DR.. C. W. Powell. OF Fearing, who
underwent an operation for appen-
dicitis at St Thomas hospital Thursday
afternoon. is doing fine and promises
TO make a rapid recovery.
Rev. and Mrs. Phillip Edwards ana
sons. of Mankato, Minn., who have
been guests at the home of Mrs. Ed
wards sister, Mrs. w. II. Gilbert. left
for their home Thursday night. Mrs,
Edwards and children have been here
for three weeks, and Mr.. Edwards Tor
few days Rev. Mr.. Edwards Is pas
tor of the Episcopal church at Man
katn
Evening times-Republican., 1911-06-02

On NaAsesaa-
How Is this fbr q bargain? A seven-
lteen-5ewei adjusted watch Gtth .
twenty yesar casc for &23.b0. Ton wont
Ihaye a chance IIke that very often.
sYou haa better bug now u ycu are
)going to buy watch In The near fu-
sture. We have many other equally 40
good bargains in every department Of
trhe store. Our assortnpsRt ~ doAmcnds
lis the very hest. You can and any
kind OF stone that you want at the
price that you want sto BAY.
w. NJ HODGES.
: & 111 Eost Main street.
Evening times-Republican., 1911-06-02
Mis-, Mocr,W;. .O,as.

The folder people az the city. ana es-
pecialIy' the frienda<bf Mrs. J. r. Meek
or. willebe interested In knowing Of the
recent death Of Mrs. Meeker's cousin.
MisSfMary J,,NdcC:rillis. of Miiwnnasee.
who ydied OF PARALYSIS. Miss McCriiiis
wasistrickcn -four weeks ago and died
at the nome OF her nephew. Harry A
Kennicott. with whom she made her
home, The body was.takcn to Nebraska
CITY. Neb.. for burial. Miss NfrCriliis
was known here. as each year. Tor
ms,nyi years, she visited Mrs. Meeker.
.
Evening times-Republican., 1911-06-02
PORCH sETTEE STOLEN.
Thief Takes Piece Of Oak Furniture
From Reasonor Porch.

A new departure in petty thieving
was made public today when r. b.
Reasoner reported to the police that
an oak settee had been stolen from
the front porch Of his home, Ill West
Grant street. some time Thursday
night. The settee. a rather heavy and
large piece of furniture, had been used
on the porch and had not been taken
in, it having never occurred to the
owner that any one might be bold
enough to come onto the porch and
steal It, r. r. Moroney, neighhor
believes the settee was probably stolen
by the person or persons he saw in a
one horse wagon in the street near
his home at about o'clock this morn
ir
Evening times-Republican., 1911-06-02

The City in Brief

Eadie Music Co.. pianos II g. First.
order warhters ice crsan,-aualtty.
ePhone AIS white.
Before putting in sewer or water
service see C. Z. DiffenbacheF. Phone
$40.
DR.. Grove w. Harris Ontce over
sWhitehead 4 Weisman. Phone 81.
house 1910.
d1adies' hsts--your choice Of S2.7S.
s., and 1925 hats. Saturday. e6 cents,
ut the Bargain Store.
whitney Bros. have fne p.neapples
for canning and q full line Of fresh
fruits and vegetables. Phone s43.
Eoliow the crowd Saturday ana one
OF the stops you will make will b al
1saacson's. the big market on First
.SavsnuA.
alr. "A, ]. Busby. Of Waterloo. waa
An the, city for q short time this morn
ing while on his way from Oskaloosa
to his homo. 80.
a Bruster, the grocer, wants all the
butter and eggs he can get hold Of.
Talce your butter and eggs to him and
get tho best price for them
TWO, thousand feet Of moving pic
furss and three big vaudeville acta
will be- tho Offering tor the matinee q:
the Odeon tomorrow. ANY seat IL
= cents.
Mrs W. "A. Cross and children and
Airs. Burt LAckey ana children wen!
30 Oskaioosa this morning to attend
the annual camp meeting Of the lowe
Holiness Association. which begar
Thursday.
The Witenagemote Club met Thurs
day afternoon with Mrs. w. E. Smelling
and resumed its regular reading. Miss
.Leta WINERY was the only guest. Sew
ieral more meetings will be held be-
Gore adjournment for the summer.
Harry Gill. the Chicago horse buyer
will be at Stouffer Bros feed barn Fri
day, June 9. He wants 100 horses
for the Sc.e.n.nent weighing from
1000 to 1900 pounds; he also wants
100 horses Tor eastern market. Bring
+ in your good horses and get the cash
Harry 9tll.
We don't ssrve oysters In June, mol
Strawberries 10 December. but we dc
serve the very best meal for 20 cents
that you can buy in Marshalltown, and
we servo all tho good things that are
seasonAbles Our service is good oul
location Is hne and you can not dc
better than to make this your place tc
eat when you are in town. Try It to-
morrow. eundeli, North Center street
Evening times-Republican., 1911-06-02
LEE LAYcocK DEAD
WeIl- Known Retired Farmer Of St,
Anthony Dies Suddenly Of Heart Dis.
ease-Dies While Lying on Couch
For Brief Rest.

Lee M. Laycock well-to-do retired
farmer Of ST. Anthony. died suddenly
Thursday evening at his home. Mr..
Layrcccl. was lip town during the after
noon. Returning to the house In the
evening, he laid down on the couch
to rest while Mrs. I.aycock was pre-
pairing the evening meal. He was dead
when his wife summoned him to sup
per- He had not complained OF ILL
ness, and it is presumed that death
was due to sudden attack of heart
trouble.
Mr.. Laycock had resided in ST An
thony since last fall, coming here from
his farm, located three miles northwest
Of the city. He was d native Of Brown
county. Ohio, where he was born March
Evening times-Republican., 1911-06-02
SPECIAL LARD SALE.

FIoWSrb SpeS'aV VHTV'0
Only.
Special sale ,on lard'ef Flowers Tor
Friday and SATURDAY only.
Three pound pail iard. IS cents.
Five pound, pail lard. so cents.
Ten pound ,paii lard. d.jS1.1o.
Fifty pound can lard. $3.50.
Two poundsssbuik lard for 25acents.
FLOWERS MEATS AND GRO
CERIES, 33-35gNortil Center street.
Phone 214.
Evening times-Republican., 1911-06-02
81. Graham. ostsopath. fremont block.

LII 0SR0Ans OOt~OUAsns ASSsU0As S1~SAs
Try the classified columns Of the
T.-R tomorrow.
Matinee at the odeon tomorrow.
3. m. 10 cents to any seat.
Brown.the photographer. IL now To-
Gated over Abbott's hardware store.
The U. B. ladies viii hold an ex-
change at Sinclair's tomorrow after
noon.
The Palace Market wants your pro I.
duce. We pay the highest market
price.
Come early and do your shopping so
- to bs At the fair grounds by p. m.
Wednesday afternoon. June Z.
Overalls, 50 cents. Best 5o-cent
lures. 81 cents. Bargain Store.
Mr.. and ndrs, Louis Menzle. SOC
Bromley street. are parents of an eight
and one-half pound daughter, born
this morning.
Berry growers,. attention! Bristol
Grocery Company Is headquarters for
berry boxes and crates. A stock on
hand at all times.
Mrs. Flora Elsey, of Cedar Falls. who
has been visiting with Mrs. A. r.
Hill, at Albion, and with Mrs. S. p.
Kniscly, in this city, returned to her
home today. -
Kendall & West will have for Satur-
day strawberries. lettuce. onions. Gu
cumbers. new cabbage, asparagus, r!l.
barb. oranges, bananas, pineapples, ir
fact everything in our line Phone AS
Blue serge suits for men: res.lla,
SIS suits go for s9,45. Saturday. June 8
Every suit up-toedate and excellent
quantity. Summer SUITS, greys an6
mixtures, at 1876 $9.7s and $10.5o
Bargain Store.
Mrs. ]. II. Crapser, of San Francisco
| who has been spending the past sever
i'weeks with her sister, Mrs. M. z
Meickley, and other relatives anc
friends, left Wednesday evening fol-
Denfson. where she will visit few
! days with Mrs. Carl Kuehnle. before
| leaving for Denver and her home.
DR. George NJ. Johnson. Alfred Bat
ty and Nerl L. Mershon went to Cedar
Rapids this morning to attend the re-
| union of the Forty-Ninth Iowa regi.
| ment of the Spanish-American war
Dr. johnson was a lieutenant and Mr.
| G1e.shcc musician of Company Vi
| recruited in Maquoketa. Mr.. Batty en-
listed with Company H.
Mr.. ". @. McCord. of Ainsworth
| Neb.. who stopped here on his wa.
! home from Rochester, MINI, where HI
| underwent an operation for gall stones
left this morning for Omaha, where III
will visit with his brother Henry for {
few days before returning home. Mrs
McCord, who accompanied her husband
here. will remain for a longer visit will
her sister, Mrs. c. II. Smith, and will
the family Of her husbands brother
MT. Dell McCord.