The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1915-02-01

/ $50 ON deposit in the postal savings
system at the postottlce Of that city,
and had not a relatiye in this coun-
TRY. His funeral expenses were paid
by q Russian society With the aid
1 of the state department, however, 1t
/ was found that his aged father and
mother were living at Bnda, Omina,l
Tcmazbuda, Government Of Suwalki.l
Russia The postmaster general made
IA special request OF the secretary Of
state that he should obtain the sig
natures OF the parents OF Samuelis,l
and this was accomplished through
| the American consul at Warsaw. The
postmaster of WilkessHarre at once
RENTED the $50 to Julkundtn and AM
tonic Samuelis. Thus was the estatel
LOT Rrssian immigrant settled with
the aid Of two cabinet officers, andl
the diplomatic machinery OF the UNI
ted States government.
The postal saving system has evoly-l
ed a very perfect method Of identif-
cation, as is shown in the following
case. At the time of the tsFIike to-
Houston. when the Mexican situation
seemed near a climax, an American
soldier had the apparent misfortune
Ito lose $500 worth Of postal savings
certificates, together with his pass
envelope. He made written state
ment OF his loss, however, answered
certain personal questions forwarded
by the postmaster, and obtained a new
set OF certificates within ten days.
Instances OF money boarded for
llong periods of time being brought
for deposit In the postal savings sys-
tenn are constantly coming to the
4 attention OF the officials. The aggre-
gate amount of money stored in hooks
and crannies is undoubtedly enor-
nous. Many ignorant persons do not
trust banks OF any kind; and believe
that their money Is safe only when
\ hidden Many others accumulate 1t
Ilso slowly that only such an institu-
Z ton as the postal savings system,
(which accepts deposits Of the small
/, lest aurounts, could possibly transact
their banking business
A few months ago, a negro man
brought to the postoffice at Savannah,
Ga. hundred dollars in currency
(which in all probability had not been
. in circulation for half q century, and
perhaps longer. The man who made
the deposit was about forty years Of
age, and he told the postmaster that
!, that hundred dollars was part Of a
Y LEGACY Of $500 which had been willed
to his father by his grandfather at
the death Of the latter sixty years
4 ago.
The man wantedto deposit the EN-
tire $500, but was not allowed to de-
post more than 500 because Of the
postal savings regulation which makes
that the maximum amount which any
!, lperson may deposit in a month. He
: announced his intention OF desposit-
!. ing another 500 the following month
= however.
. The sum that was deposited consist
= ed OF one fifty-dollar bill, three tens
: and twenty. All. OF them were dat
!, led before the Civil war, and til,
: banks which issued some Of them ar,
no longer in existence.
81 Examples OF money boarded by sew
! eral generations, as was this, are com
IS lparatively rare, but persons frequent.
o bring the savings Of a lifetime to tn,
d postmasters. An old negro and hi,
Iwife recently opened accounts FOL
70 $500 each at Norfolk, Va, and pro
n duced the sum in silver dollars. The.
+ continued these deposits of silver coin
!. at the rate Of 500 a month, until tn
!. maximum of $500 had been reache
: by each of them. The postmaste
q asked them how it happened that the
had such a large amount Of money Il
u silver coin. They replied that !
- represented the accnmulations Of
: lifetime and that they had used sill
% yer because 1t would not decay, an
= could not be destroyed. The appear
10 ance OF the money made 1t eviden
70 that 1t had been buried. +
M Although a depositor in the posta
At savings system may not have NOR
d than $500 on deposit at one time, he
Ell allowed to exchange his deposits /
lel amounts of $40 or multiples therec
le for United States registered or coupe
c- bonds bearing two and one-haR pc
lel cent Interest; and the amount invest
Nd ed in these bonds Is not counted as
IA part of the maximum amount whic
each depositor is allowed. An intei
,ei esting feature OF this branch OF th
nj system is tina. eighty-four per cent Z
~ the depositors who purchased bond
8. requested the registered form, ind
W eating that they were for pernaner
10 investment.
Id The New York postofice leads bot
te in the amount OF postal savings d.
81 posits, and in the increase brougt
n. about by the war. The amount o
iii deposit in New York on, December 8
tel was $9,4s6. 5ss as compared with 81
n, 394,Oo9 on June 30. III r.
gsI M
in y.
" Plainytlle township, Conn, selec'