The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1915-06-14
POSTAL SAVINGS
BANK TO Do
BUSINESS BY MAIL

| fostal say nSS banking ma! De
done Iy man unuer an order OF the
postmaster general that becomes eli.
IectlNe July L. IN Issuing the order
the postmaster general says that the
extension Is maze 10 mi an OFT ex-
pressed WISH That comes TO him from
the rural districts, wnere banking
facilities are least convenient and
safe. Commencing the hrst of next
month, any person ~ years or more
"a ase' may open an account with
the United States SAVINGS bank de-
paftment. Inc following is an ex-
| tiact from the leanet OF instructions
| Issued by the department contemper-
aneousIy with the order:
Under the plan adopted by the
postpaster general tor opening ac,
counts by mail an intending deposit
tor, residing where there is no regu-
Larry designated postal savings bank,
VIII Apply TO his local postmaster
VINO Will see that necessary identifi-
cation Data is prepared ana forward
ed 70 nearby postoince authorized
TO accept deposits. The intending
depositor will then be given permits
sion TO forward his first and suisse
quent deposits by money order or
registered mail direct 10 the post
master at the banking point for
which receipts or certificates will be
issued he may withdraw all or any
part of his postal savings by mail
and on demand, together with any
interest that may be due him.
The new leaflet points out that any
person ten years old or over may
open an account in his or her own
name; that an account may be open
ed by a married woman free from
control or interference by her
husband; that postofiice officials are
forbidden to disclose to any person,
except the deposition, the amount of
any deposits; that Withdrawals may
be made without previous notice;
and that the government guarantees
to repay all deposits on demand with
accrued interest.
The Ieaflet will soon be printed in
% foreign languages for distribu-
ton through local postofiices. The
foreign-born citizen ras taken very
kindly to postal savings, and litera-
ture in his own language will be of
great assistance to him. In a recent
article, Postmaster General Burleson
commented on the foreign-born de-
positor as follows:
Upwards Of 100000 depositors
now have accounts in the postal saw
ings system and they represent every
nationality on the earth. They also
represent almost every known occu-
patiOn-professional men, theatrical
people, mercanics, laborers, fisher
men, pack peddlers, etc. But the
majority are wage-earners, and of
this class the foreign born largely
predominant, A census of depositos
taken by the postoffice department
shows that approximately 40 per
cent. (2O0,O0O) of the depositors are
foreisn-b born citizens and they own
more than so per cent of the de-
posits-splendid evidence of the con-
, fidence of our newly acquired citi-
zens in the ability and good faith
of treir adopted country to fulfill it's
obligations.
There is another reason which led
immigrants, unfamiliar with our
/ language and business methods, to
turn to the government to safeguard
their humble savings and that rea-
son is the disastrous experiences of
many of them have had by the fail
ures of bobus private banks" Off
ccred by swindlers of their own
| tongue who have preyed mercilessly
upon their loneliness and credulity."
| Postal SAVINGS receipts have brok-
i en- all records the past year, During
the eight months prior to April LIST
there was a net gain in deposits OF
100000, as against gain OF
! $S.00O.OOO for the same months the
year before. Thousands of new ac-
/ counts have been opened and the
millions made up largely of hidden
savings have been turned back into
the channels OF trade just at a time
when there was pressing dmand fol
every dollar.
Allah, the name of the Mohammed