Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1914-12-03
RICHMOND is named AS
POSTAL SAVINGS CENTR|
VIII Be Clearing Point for Banks
ia Virginia Cities and
Towns.
DEPOSITORY FOR 81 OFFICE
Postal Banks Doing Large Bushes
to Send Funds Here-New Orde
Adds to Importance OF City as Fed
eral Headquarters,

Richmond was designated yesterda
oy me Post -Ohice Department as tn
5b nnf, e. h ,1a Tor the postal saving
Inc order, which Is effective imme
dlately. makes the local post office til
dds epositoGy Tor n, the funds now held. Q
sighty-seven of them are empowered 4
draw OH the central bank for the cas
necessary to pay postal savings certi
The order provides for n distinc
! change In. the procedure Of hamdiin,
postal savings and deposits and with
a ara 1t is Intended primarily 70
me purpose or safeguarding the fund
intrusted TO small post Offices whic
are not within easy reach of n recox
| nized government depository.
All funds RENTED to the Richmop
Office will be handled here as regula
receipts. and will he deposited in tn
local qualified banks in acccrdAnc,
Win the present system: The fund.
however. VIII subsequently be distrib
nted on order OF the Post Office De
partment among the qualified bank
In. or most convenient, to the locaiit,
where the deposits originated.
EiGHTY-SEyEN TOWNS
TO SEND ALL FUNDS HERE
EiRhty-seven or the towns will sen
all OF their funds here. Several OF th
postal banks. located In the coal min
ing districts, are now doing a bushes
equal TO that OF the Richmond bank
large sums OF money left In them
These offices are empowered to draw O,
the Richmond office up to $1,000
month to meet Withdrawals anon,
their depositors.
other Offices, twenty-seven In NUN
Der, will continue to disburse from tn
funds now on deposit In the qnaiIfle,
hanks OF their community and nddi
time to time by the Post Office Depart
ment as needed. Among these NOR
, I'm p, I'm Offices are Ashland. suirolk
City and Newport News.
Since Its establishment forrt.s,
m ON lag, ago the postal savings bnnk
throughout the country. Richmond hs
not been favored with as many deposi
Tors as some cities. on account or IT.
strong banks and the smallness OF IL
however, more than 200 depositors a
present, and has disposed OF man,
pohds TO persons who have reached TIL
maximum deposit.
RICHMOND RANKS NOW
AS BIG FEDERAL CENTRE
Ernest \. JsaInan Is In charge OF III,
local postage savings department. i
Is expected that the new order VII
more than double the WORK of the Ioca
Office, and that il will be necessary Ii
q short time to Increase the w0rkin,
force I'm order TO care for II properly
Richmond Is fast becoming one o
tHo cities IN the COun
try from Federal viewpoint. 1t ha.
been made one of the twelve rescrv,
centres; II Is the headquarters of on,
United States District Court, as wei
az United States Circuit Court Of AID
peals. The Richmond Customs Hous,
Is In the million dollar class. and til.
city Is the centre of one of the larEes
Internal revenue districts In tho coun,
try. The Post-Ofiicc Department ha.
made II railway mail and parcel pos
the States Of Virginia. North and Souti
Carolina. Rural mall carriers In tn,
whole State are carried on the Ioca
pay roll and paid from the Richmont