Durant weekly news. (Durant, Choctaw Nation, Indian Territory [Okla.]) 190?-1944, 1914-11-06

All Glasses are Depositors.
The war in Europe has proved a
big boon to the postal savings of this
country From the very DAY the
Ihostilities opened across the seas
the postal savings receipts began to
increase by leaps and bounds and the
withdrawals fell off. result quite
contrary to the predictions OF many
well informed persons who, in their
Imagination. saw lines Of feverish
depositors at the post office pay win
ldows anxious to again return their
savings to the bootleg and body belt
depositors whence they came before
entrusted to Uncle Sam But the
forecasters failed to reckon on the
absolute confidence OF the American
citizen, regardless OF the first flag
that first met his eyes, in the ability
and purpose of the government to car
Try out its obligatio-- not only
among the nations of the earth. but
with the humblest citizens Of our
Hand.
Two important results have fol-
lowed; thousands OF people, largely
of foreign birth, accustomed to send
ing their savings abroad, are now the
patrons of the postal savings system
and enormous sums of actual cash
have been released for commercial
uses among our own people at time
when the need of every available
dollar Is pressing.
The growth Of the postal savings
in the United States has been steady
land healthy and the system has fill
ed an important gap between the tin
can depository and the factory pay
master
On July /, when affairs were run
lining smoothly here and abroad and
the transmission Of money across the
Atlantic was safe and expeditions,
there were approximately 43 million
dollars in postal savings standing to
the credit Of the 3SS thousand depos
litors. Since then over 10 million
dollars in deposits have been added
and the number of deposltors has in
creased enormously This unprece-
ldented gain is more striking when
1T is considered that the net gain for
the past three months is larger than
the average gain for the year 1914.
Scores OF offices have done more
postal savings business since the war
has been going on than was done by
them before during the entire time
the system has been in existence.
The increases are confined to no
Specific locality but have been felt
in every nook and corner of the coun-
TRY. New York City alone made a
Igain in September of more than a
million dollars, while Brooklyn
showed relatively big increase.
lChicago reported larger gain in the
Ipast three months than in the pre-
ceding twelve months. More than 7
Thousand new accounts were opened
during the period, bringing the num-
Der of depositors in that city up to
21 thousand.
The unexpected increase in the
postal savings business has not only
added to the general administrative
duties of the system but has brought
up many new and interesting prob
, lens which have called for the care
full p r n consideration
of Postmaster General Burleson and
Governor Dockery. third assistant
postmaster general. But their task
has been lightened somewhat by the
: promptness of the depository banks
in furnishing additional security to
meet the abnormal deposits.
A number of the very largest of
the banks of the country which have
heretofore refused to qualify as de-
positories for postal-savings funds,
are now among the eager applicants
for them.
Since the beginning of the present
war the amount of the Durant Pos
tai Savings have increased rs per
j cent with the opening of several new
accounts. Also the number of in
> lquiries regarding the postal savings
system have increased 100 per cent
Information is sought by all classes