Bisbee daily review., 1911-04-25
BANK QUARTERS ARE BEING PREPARED FOR
 THE POSTAL SAVINGS
Everything Win Be Ready for the Public on Date
 Announced
NO INCREASE OF FORGE

worknlen are engaged in chang
 ing the interior Of the postofice
 making room for the postal savings
 bank, which will be installed and
 ready to accept deposits on May 1.
 Adviees received by Postmaster Gas
 sidy from Washington state that
 the Bank of Bisbee and the Miners
 and Merchants bank have been se-
 lected as Repositories of the posta,
 savings bank funds, each of the
 banks receiving fifty per cent of the
 deposits
 The bank will be located on the
 left hand side entering the post
 otfice, the first two windows being
 separated from the other windows by
 a partition. One of these windows
 will be used for the banking busi
 ness and the other the postal money order business. No extra clerks will be put on, the present force taking care of the extra work.
 Postmaster General Hitchcock in a statement made public recently shows that the interest in postal savings banks is steadily increasing. It is shown in his statement that sz0l ,S6i was on deposit at the forty eight postal savings banks at the close of business March 31, com pared with $133,S69 on the last day of February. an increase of S6S,Os2 | The number of open accounts in 1 creased from 3,664 to 4.307 during l March, and the average balance per | depositor increased from S36.54 to 1 S46.S9. These banks have only been | open for the receipt of deposits since January 3.
 By May l MT. Hitchcock hopes to | have forty-nye additional offices open and ready to receive deposits. l A few days ago he issued orders for ali the postmasters of the recently | designated offices to assemble on l April 2I and 22 at certain places where the system has been in op- eration in order that they may get | a practical demonstration as to it's operation. Instead of bringing the postmasters to Washington, as was done originally, inspectors will be sent to certain of the postal savings offices to assist in explaining the op- eration of the system. All neces- sary supplies, such as cards, stamps and certificates, together with blank forms, regulations and instructions | have been sent to the recently des ignated offices.
 Since the inauguration of the pos tai savings system there have been deposited in the twenty-two offices 1 west of the Mississippi river S14S,69s l as compared with S75,565 received in the twenty-slx offices east of the | Mississippi river. ThcGgh the aver age amount of each deposit for the 1 month of March was approximately ] y2S, there were more. certificates is 1 sued of the $50 denomination than | any other; in fact over one-fourth l of all issued were of that denomi- l nation. In Leadville, Colo, 255 S5oi were issued in March out of total of 455, quite a contrast tU Norwcod, Mass, where 14O S1 cer, titicates were issued out Of a tota | of 347. Separate deposits 10 the | number of 7,742 have been made to date, averaging over $23 per deposit.
 At tbe Globe postal savings bank there are 176 accounts totaIing sl5,- i 559, the average balance being SS7.I5. The bank at Newbery, s C., show tho smallest number of deposits and Leadville, Colo. the largest, 427. the deposit at this bank sS4.679. the accounts aver aging SSI.22.
 The P0stotfice department, using the forty-hve established offices as basis. says that if every postoHce in the United States had banks the yearly deposits would amount tu s2O0, ,O0O,00O. money that through the depositories would and its way into the channels of com merce Instead of being a dead weight in sock heels.