The sun. [volume] (New York [N.Y.]) 1833-1916, 1911-08-02
POSTAL BANK OPENS HERE.
l53 Persons Open Accounts De.
posits Total &3.SJS.

The New York branch of Uncle Sans
postal savings bank was opened yester-
day. The two clerks who had been as
signed to take in the money and issue
the certificates in return found that they
had TO work without cessation from the
opening at 8 yesterday morning till long
after the closing hour at 5. But it was
necessarily slow work. and in spite of the
fact that there was always waiting line
of more than thirty the accounts which
were opened numbered only l7s. The
total deposits were $3.7I5.
The question as to who would be the
first depositor raised contest among the
two dozen who appeared at the money
order department OF the General Post
Office early yesterday morning Little
Sophie Frankel. the ten year old dauRh-
been the first il she had not come from
Brooklyn. Clerk Knoblock refused her
$50 W hen she told him that she lived
at i38 Fifty-fifth street. Brooklyn, and
there WAS sadness in her heart. Clar-
ence A. Parkes. a real estate auctioneer
the first certificate. although a lawyer,
Rudolph Trebitsch, and his very tall wife
made a gallant effort to secure il for them-
sevles Mr. Trebitsch ended in fifth
place and his wife held fourth. Mr.
Parkes put in 81
After the camera men had finished their
picture taking there was an appreciable
falling off among those who had worked
up from the end Of the line. But an
actress stood through il all and was the
second woman depositor. although her
press agent struggled to make her the
first. Right after her came two small
girls, twins. 10 years old, and each of them
carttGrafa for dnllar Aanaa;t
There we're number Of other children
who made deposits.
' The questions that were asked Of each
depositor took some back further in their
family history than they could 60 for
every one had to give her or his mothers q
maiden name. They were also required
10 state their age, their specific occupa-
ton and where they lived The GER
tifcates were issued in amounts from 81
10 500 and each told the depositor that
that he had on deposit in the New York
branch Of the postal savings bank q
certain amount and that interest at the
rate Of 2'a per cent. would begin from
Postmaster Morgan smiled when the
report Of the day was brought to him.
Tomorrow We will he able to handle
twice as many deposits" he said. Two
clerks working together are able to open
twenty accounts an hour and tomorrow
would not be long before branch de-
postories would be opened in The Bron \
and on the East Side. Brooklyn will get
its postal savings hank on September /.
CHICAGO, Ang Uncle Sam entered
the banking field in Chicago to-day when
precisely at o A. NJ the first United States
postal savings hank in the city was
opened in the Federal Building Business
started with rush Savings of Chi
cagoans in coins that varied from pennies
to shining gold and bills. some crisp and
new, others old and tattered, poured into
the new bank. One hour after Mike
PheIan, a fifteen -year-old office boy had
gained the distinction OF being the first
To patronize Uncle Sans new Chicago
venture. forty-nine depositors had put
away an aggregate of sl,252, At the
hour of closing IL was estimated that
$25 600 had been deposited
BosToN. Aug, / The new postal saw
ings bank opened in the Boston post Office
at O'Clock this morning. There were
seven men and hoy in line.
Charles A. Rounds of LAG Massa chusetts
avenue WAS the first and made deposit
of So
newsboy. Thom,s II. Eg,n o! 10
Nahant avenue. Revere, was the first
boy, and his amount was 81. He Is IL
years old.
Later foreigner left siOo, which is
the limit that any one can deposit IN a
month.