The Hawaiian gazette., 1915-05-28
EVERYONE NAY
START SAVING now
Postal Bank Accounts May Be
Opened BY Mail: Leaflets
Soon To Be Posted

Beginning July ], every person 10
Hawaii and the United States ten
years or more old; may open an account
In postal savings bank. This i'm,
portant extension Of the service will
be made possible by permitting persons
living in communities 30 sparsely set.
tied as not to- justify the designation
of their local postoffces as regular
postal savings banks 10 open accounts
by mail. t 81
Leaflets explaining the change soot
will be distributed through the local
postoffiees Of the Islands, printed in
Korean, Hawaiian, Chinese, Japanese,
spanish, Russian, Filipino and Portu.
gueee. -
All Reccrds Broken
Postal savings banks have broken all
records in the past year. During the
eight months prior to April there was
a net gain in deposits Of $4,000, 900
as against a gain Of $S,OOO,000 for the
same months the year before. Thous-
ands Of new accounts have been opener
and millions made up largely Of hidden
savings have been turned back into
the channels of trade just at time
when. there was pressing demand for
every dollar. 49,. "Ef.
Since the first of the year ll5 new
saviigs accounts have been opened
with the government in Honolulu, with
an increase of deposits amounting to
about $4,000. Total deposits are now
slightly In excess of $30,000. "a
Governor Dockery, third assistant
postmaster general, who has direct su
pertision Of postal savings, was 80 i'm
pressed by appeals from all over the
country to open postal savings ae.
counts by mail that he took up the
task some months ago of working out
feasible and safe method for meet,
ing a demand well illustrated in the
following letter from a Saline county
Missourian who lives many miles from
postal savings bank: -.r
A Pathetic Letter 80
!. ," Having a. few hundred dollars
saved from fifty years OF hard and as
siduous labor and skimping economy,
on the part of my wife and myself,
we concluded to deposit it In the pos
tai savings bank of 1872. We wrote
to the postmaster at that place and
received reply to the effect that none,
but patrons Of that office could deposit
in that Office, which is very disappoint.
ing news to us.
Our little farm is not ,arge enough
10 support us and land is so high that
it is impossible for us to buy more with
what little we have saved and we are,
so old that we can't labor much now
and would be glad to lay by at least
enough TO pnt us away in decency.h
Under the plan adopted by the post
master general for opening accounts
by mail, an intending depos1tor, resid-
ing where there is no regularly desig-
mated postal savings bank, will apply
to his local postmaster, who will see
that necessary Identification. data is
prepared and forwarded to nearby
postoffiee authorized 20 accept deposits.
Can Always Withdraw -
The intending depositor will then be
given permission to forward his de-
posts by money order or registered
mail direct, for which receipts or Ger
tifcates will be issued. He may then
withdraw all or any part of his postal
savings by mail on demand, with any
interest that may be due him.
Any person more than ten years old
may, open an account in his or her
name; any married woman may cpen
an account free from interference by
her husband: postoffice officials are for.
hidden to disclose to anybody but the
depositoT the amount Of any deposits J
Withdrawals may be made withous
notice and the government guarantees
all deposits on demand with accrued
interests.
In recent article of particular in
terest to Hawaii because ii Is especi
aflv addressed to the foreign born de-
positor, Postmaster General Burleson
has this to say.
Foreign Born Depositors
Upwards of half a million depos
itors now have accounts in postal saw
inrs system and they represent every
nationality on the earth. They also
represent almost, every known occupa-
tioH--prof 4ssional men. theatrical PEG
pie, mechanics, laborers, fishermen,
pack peddlars and 80 forth But, the
majority are wage earners, and of this
class the foreign born largely pre-.
dominate. vi
"a census, Of, depositors taken by
the postoffice department shows that
approximately forty per cent (26O, 00O)
Of the depositors are foreign born eiti.
zens aud that they own more than fifty
rer cent of the deposits-splendid evi.
dence of the confidence of our newly
acquired citizens in the ability anc
good faith of their adopted country to
fulfN its obligations,
7HThere is another reason which les
Immigrants, unfamiliar with our Ian.
cuage and business methods TO turn to
the government to safeguard their
humble savings. and that reason il the
disastrous experience many of them
Rave had by the failure of bogus
private banks Differed by swindlefs
Of their own tongue who have preEed
merciless on their loneliness and their
credulity."