The Bridgeport evening farmer., 1914-11-05
SAVINGS
 SYSTEM THR. YES
 DUR. NC WAR TIME
Aliens Display Implicit Confi- dence in Federal Savings Substantial
 Gains Shown.

War in Europe has proven mater ia1 gain to the postal savings banks in this country. The foreigner is not able to send his money abroad as freely as before and rather than keep 1t about his person, has shown conf dence in the government which 1t has often been said, is lacking in the alien resident.
 Two important results have fol- lowed; thousands of people. largely of foreign birth. accustomed to send their savings abroad; are now patrons of our postal-savings system; and enormous sums of actual cash have been released for commercial uses among our own people at a time when the need for every available dollar is pressing.
 The growth of postal savings in the United States has been steady and healthy and the system has filled an important gap between the tin-can de- pository and the factory paymaster. On July 1, when affairs were running srn oothly here and abroad and the transmission of money across the Att Iantic was safe and expeditions. there was approximately $43, 100000 of pos tai savings standing to the credit of about F388, GOO depositors Since. then over $1O. .o00,000 of deposits have been added and. the number of depositors increased Y.@ precedented gain is the more striking when it is considered that the net gain in the last three months is lar ger than the gain for the entire fiscal year 1914. Scores of offices have done more postal savings business since the war has been going on than was done by them during the previous existence of the service. The increas- es are confined to no special localities. but have been felt in every nook and corner of the country. New Y ork City alone made a gain in Septem Der of more than a million, while Brook Iyn showed a relatively big increase. Chicago reported a larger gain in the past three months than for the pre- vious twelve months. More than 7s- 900 new accounts were opened dur ing the period, bringing the mum Der Of depositors in that city up to over 21.- GOO.
 The unexpected increase In postal savings business has not only added greatly to the general administrative duties of the system.
 Reports compiled at the local office for October show that the gain in de- posits at the main office was $19.- 567, the east side station, $5,992 and In the west end, $1, ,s7o-a total of $27.429, with Stratford increase of $8ss bringing the grand total to $27,- Q. Il are leaping here when considered with the gain of September last over the previous month of $12.412.
 A resume of the report filed by the local postal department to-day shows that the total number of Accounts opened in Bridgeport were 2s9. agaiTlst 72 closed. Deposits tota1ed A836, with withdrawals nunbering 321. Slips for $34.Os4 were issuer with payments amounting to but $6,606. There is $111, ,244 on deposit here.
 In Stratford there were two new ac- counts opened. one closed. one ac- count was withdrawn with deposits of $114 from eight depositors. But $25 was paid out. The Stratford bal ance on deposit is $314.
 Since the inception of the new branch of the business there have been 2,4S7 accounts opened in this city and Stratford and 1,347 closed. Orders have been issued to the amount of $214,1s4 as against $102s- $40 withdrawn, leaving 1,142 ac- counts to be cared for on the local books.