New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-24

afford or would not care 90 save anything
at alb. If 2OO0,0OO children deposited two
cents each every week for thirty-eight weeks,
the length Of the scholastic year,-lt
would mean a yearly gross total OF 81 300
in deposits, exclusive of SIG, 400 interest.
AFTER all, we cannot very well forecast
Z what the postal savings system will
enable any one person, or the nation, or
both. TO DO. Thus far it has shown, Ike the
parcel post, that 1t meets great national
need, and that the experimental regulations
of the original law have been OutgroWn by
public requirements. Having, therefore,
passed the experimental stage, II bchooves
us TO remove as fast as possible those limlta-
tons which impair the intended utility OF
the service. am sure that, II Congress acts
favorably upon the provision in the pending
appropriation bill as recommended by the
House committee, the total deposits tins
time next wear will be trcblcd. Certainly
this is true if the indications Obtalnablc
through official reports from all parts OF the
country are normal, and ! am convinced
that they are.
We must avoid rcpctitionS OF cases like
that at Butte, Montana, whose postmaster
reports that during the first sixty days after
the opening of the postal savings system at
this office we refused deposits in the aggre-
gate of $50, 600, due TO the restrictions, and
at the present time there are many inquiries
as to the possibility of those restrictions
being removed Had there been no such
restriction. since the opening OF the Butte
postal savings bank, instead Of sllO,39o on
deposit here at the present time there would
be al least -. OOO.0 600 From New Britain,
Connecticut, comes the report OF a patron
who had 5000 He kept the 500 he could
not deposit, and a few days later ms son
stole the amount from the place IN his home
where it was hidden and disappeared. Del
Nortc. Colorado, has citizen who deposits
his money as the law allows and purchases
$500 bonds scmiannually. He Is reputed
quite wealthy, but told the postmaster ne
would not deposit his moncyln private banks,
and il is assumed that he hides his money
in some insecure place.
ST. Paul has received applications from
widows who desire 10 deposit their lnSur-
ance money. ranging from $500 TO >2,OW,
but will not deposit under the present sys-
TEN. Marion, Indiana, reports several de
poSitors who have reached the 5000 limit
and stated 10 the postmaster that they would
add 20 that sum if possible but that they
did not care to purchase bonds. Kansas
City, Missouri, reports that an average
of three prospective dcposltors day 60
away with sums exceeding $500, tor the
reason that they refuse TO make repeated
trips to the postofiicc, entailing loss OF time,
Strcctcar fare, and other inconvenience.
On one occasion a man pushed 5000 IN the
tellcr's window, and when s4OO was gwen
back to him with the explanation oil thc
law he became angry and demanded thc
other 500 Albany, New York, had a
Young foreigner who deposited SlOO one
month and returned the next month WIN
5000: but upon being informed that the
regulations would not permit the accept
ancc of the latter amount, except IN monthly
instruments, ne Withdrew the orglna! dc,
post. Camden, New Jersey, has been Obliged
toreicct individual deposits OF 5000 offered
in lump sum.
Despite the turbulence in Mexico, there
are Mexicans who wish 10 avail themselves
Of the postal savings service; but the post
master at Mogollon, New Mexico, has been
Obliged TO refuse sums from McNcans rang
ing from $500 20 Il 600. New Richmond
Wisconsin. had prospective deposlior
with Il POO It was suggested 10 MN 'Ha-
he might open separate accounts III inc
names of his children or relatives; but !,
turned out that he was a single man ana
had no near relatives. Asa result he sent the
money to his native town IN Norway.