South Bend news-times. (South Bend, Ind.) 1913-1938, 1915-05-17
POSTAL SAVINGS
ARE INCREASED
Records for Deposits Have
Been Broken in South Bend
and Throughout Country
Plan viii Benefit Many.

Postal savings receipts have had
remarkable increase during the last
year in the South Bend postoffice.
During the first 10 months of the
present fiscal year the amount of the
deposits was $1,000 more than the
deposits for the entire previous fiscal
year
According to a report Of the post
office department postal savings re-
ceipts throughout the country have
broken all records the last year Dur
ing the eight months prior to April
I there was net gain OF deposits OF
$4,000. 600, as against gain OF So
600 900 for the same months the year
before. Thousands of new accounts
have been opened and the millions,
made up largely OF hidden savings,
have been turned back into the chan
nels Of trade just at a time when there
was a pressing demand for every dol
Jar.
Give All An Opportunity.
Every person in the United suites
10 years old or over may open an ac-
count in a postal savings bank after
July 1, according to an instructive
leafet on the postal savings system
just issued by Postmaster Gen. Burle-
son. This important extension OF the
service will be made possible - per-
hitting persons living in communities
the designation of their local postot-
flces as regular postal savings banks
10 open accounts by mail.
Governor Dockey. third assistant
postmaster general, who has direct
supervision Of postal savings, III re-
spouse to appeals from all over the
country 10 open postal savings &C
counts BY mail, took up the task some
weeks ago Of working out a feasible
and safe method for meeting de-
mand well illustrated in a letter from
a saline county MissOurian, VINO re-
sides many miles from postal saw
ings bank.
saved from 80 years OF hard and as
siduous labor and sEiAIping economy
on the part Of my wife ana myseH'
we concluded 10 deposit II IN the pos
tai savings bank Of. We wrote 10
the postmaster at that place ana re-
ceived reply to the effect that none but
patrons OF that Office could deposit
i'm that office which IS very disappolnt-
ing news 10 US. our little farm is not
large enough TO support MS and land IL
SO high that il is impossible FOR as TO
buy more with what little we nave
saved. and we are So old that we can
labor much now and we would be SO
glad 10 lay by 90 least enough 70 put
Us away In decency.'
Under the plan adopted by the post
master general for opening accounts
hv mail. an intendin~ deDositor. resld-
ing where there is no regularly desig-
mated postal savings bank. VIII Apply
- his local postmaster who VIII see
that necessary Identification data Is
prepared and forwarded 10 nearby
DostOffice authorized to accept de-
posits The intending depositor VIII
then be given permission 20 forward
his first and subsequent deposits by
money order or registered mail direct
To- the postmaster at the banking point
for which receipts or certificates VIII
he issued. He may withdraw all or
any part OF his postal savings by man
and on demand together with any IN
treest that may be due him.
The new leaflet points out that any
person 10 years old or over may open
an account in his or her own name;
that an account may be opened by a
married woman free from any control
or interference by her husband; that
postoffice officials are forbidden TO dis
close TO any person, except the de-
pOsitor. the amount of any deposits;
that Withdrawals may be made WITH
cut previous notice. and that the gov
eminent guarantees TO repay all de-
posts on demand with accrued inter-
est.
The leadet viii soon he printed in
- foreign languages for distribution
through local postofiices. The foreign
born citizen has taken kindly TO postal
savings. and literature in his own IAN
guage will be of great assistance To
him