Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-10-30
POSTAL SAVINGS HERE
SHOW STEADY GROWTH
During October 143 New Accounts
Were Opened in Washington
Post Office.
Net Gain in Deposits Is Given as
$12, 3O6-War Booms the Sys-
tenn, Says Report.

Savings deposited in Washington
branches of the postal savings banks
have steadily advanced in amount. &C
cording to a statement issued today at
the post office. Monthly gains since
the establishment of the system, it is
stated. have been persistent and con-
sistent. The statement is as follows:
Washington. conservative city, not
unduly disturbed financially by the
actions of the belligerent European ma
tons, as have some of our industrial
and financial centers, and which de-
clines to lose it's mental poise because
of the occasional storms appearing on
the horizon of the commercial world,
has advanced, from the postal savings
standpoint, steadily rather than spas
medically. Its monthly gains have been
persistent and consistent.
During October, 1914. 143 new ac-
counts were opened and a net gain of
S12,306 made in the amount on deposit;
the 2,444 deposit6rs at the end of the
month mentioned having to their credit
S265,S50. In addition to the foregoing,
postal savings bonds to the value of
$140,740 have been purchased by de-
positors. M
The principal local postal savings
lished in the handsome new home of
the city post Office, North Capitol street
and Massachusetts avenue northeast,
where deposits are accepted and with
drawals may be made from $50 am.
until $50 pm, except Wednesdays and
Saturdays, when the hours are extend
ed until pm. No business is trans
acted Sundays or holidays.
Repositories offering all the advan-
tages of the main office are located in
station a, 1915 31st street northwest;
station c, 1419 G street northwest; sta
ton F, 1898 L street northwest; sta
tion G, Sth and f streets northwest;
station H, Anacostia, D. c.; Takoma
Park station, Takoma Park, D. c., and
Chevy Chase branch, Chevy Chase, Md.
Postal Savings Regulations.
THE regulations of the postal saw
ings system permit the opening of ac-
counts by persons not less than ten
years of age; provide for the accept
ance of deposits in amounts of not
less than 81 or more than 800 during
the calendar month; limit the total
amount that a patron may have on de-
post to $500. exclusive of interest, al
lowed at the rate of per cent per an
mum; pledge the faith of the United
States government to the safekeepins
and return of deposits and permit the
withdrawal on demand of any or all of
the funds to the credit of depositors.
In its efforts to encourage thrift the
younger generations have not been
overlooked. Postal savings cards and
stamps at 10 cents each, which may be
deposited or exchanged for cash in ac-
foundations of 81 or multiples thereof,
are on sale at the main Office and at all
of its classified and eighty-seven con-
tract stations. Depositors are also Of
fered the privilege of purchasing semi
annually, as of January and July /,
postal savings bonds bearing interest
at the rate of p. per cent per annum
The advantage of removing savings
from the home and entrusting them
with substantial institution willing
to assume the responsibility for heir
~safekeei ing, can be no better demon
strated than by the experience of two
Of the patrons of the local depository
The home of the depositors mentioned
was entered by burglars and their
postal savings certificates in an amount
in excess of 500 stolen. The theft was
reported to the office and new GER
tificates were promptly furnished with
out cost or loss to the depositors. The
same amount of money stolen would
probably have resulted in absolute
loss.