Bisbee daily review., 1911-06-13
.b|SBEE POSTAL BANK BREAKS ALL RECORDS
Beats First Days Deposits by Wide Margin and Reaches Third in
 the Country
S2,6t8 PLACED ON DEPOSIT

Yesterday, following the paydays of the big copper companies. was the red-lester day in the history of Bis. bees postal savings bank [. ex- | ceeded in the number and amount of deposits the first day of the history of the bank, with 39 depositors and the sum of sz.61S placed on deposit. May l, the opening day for the bank. had to it's credit 29 depositors. wi,h s1,s36 taken in, which in itself was a fine showing.
 Third in the List.
 Bisbee by its deposits yesterday places ::s bank third in the list throughout the United States Be ginning 18th in the list, on account of here being 4S banks opened when the local bank started 70 do busi- ness, the Bisbee office has already reached near the top.
 Of the depositors yesterday 17 were new ones. an excellent show ing. Up to noon yesterday S1,300 had been taken in and when at 3:SO O. clock the deposits reached S1,700 it was seen tha. che bank would break Ihe records before the office closed.
 S1e,2o0 Now on Deposit.
 The total deposits in the bank a. the present time amount 70 the sur prising sum of s19.20O.
 An encouraging feature of the pos tai bank here and one that shows it's popularity with the people of Bisbee is the fac. that many of the deposi- tors who placed the 100 limit in the bank during May. the first month, are placing more in the bank this month, many putting in anoher Sl0O. The limit of deposits for any one de positor is $500 If the depositor files his duplication for postal savings bonds 15 days before July 1 or 15 days before the first of the year he can have his deposits transferred to government bonds. These bonds will pay 25 per cent, payable semi-annual ly in gold.
 Parcels Post to Follow.
 It is the belief of Pos master NJ. E. Cassidy tha: the great success of the postal banks through the coJf-l- try will result in convincing con- gress of the wisdom of the parcels post. Congress has heretofore used he argument that the postal deficit would not allow of the establishment of the parcels post" said MT. Cass- idy. Since Postmaster General Hi chcock has removed the deficit this argument vanishes and the bill in congress will now undoubtedly be pushed.
 The chief opponents of the par cels post are the big wholesalers and the express Companies said the postmaster. The express compan- ies meet tie figure of the postonice within the weigh limi: But if one sends a small package of five pounds he $ charged more in proportion than human beings are charged for transportation. l. shows hat the charges are excessive. This IS what the parcels post will relieve.
 A Novel Checking Plan.
 Another innovation in government rolicy which Mir Cassidy says Mir Hitchcock is proving a success is the simpliacation of bookkeeping among deuartments of the DOS office. For instance. the postal banks are given their own amps, different from the regular mail stamps, for sending mat ter through he mails. Tn this way :he Washing on office can learn al a glance the cost of the postal bank for mail matter" These stamps are much in demand by people who are gathering stamps for souvenirs.
 The postal bank system is no longer an experiment and July banks will be established in many big cities. including Chicago. Crt1- cism of the postoffice depar mens for starting with small offices, says NIT. Cassidy, is unwarTanted for the req son :ha5 the clerical force in Wash ingtoE, blanks and other details, could best be provided by starting with small banks