The Dermott news., 1915-05-20
Postal Savings.

Every person in the United States ten years old or over may open an account in postal savings bank after after July l, according to an instruct i've leaflet on the Postal Savings Sys- tenn just issued by Postmaster General Burleson. This important extention of the service will be made possible by permitting persons living in communi ties so sparsely settled as not to justify the designation of their local post offices as regular postal savings banks to open accounts by mail.
 Governor Dockery, Third Assistant Postmaster General, who has Gicect supervision of postal savings. was so impressed by appeals from all over the country to open postal savings accounts by mail that he took up the task some weeks ago of working out a feasible and safe method of meeting the de mand
 Under the plan adopted by the Post master General for opening accounts by mail, an intending depositor fe-.d- ing where there k no regularly desig mated postal savings bank, will apply to his local postmaster whg will see that necessary identification data is prepared and forwarded to nearby of fee authorized to accept deposits. The intending depositor will then be given t, .I I,ta # subsequent deposits by money order or registered mail direct to the postmaster at the banking point for which receipts or certificates will be issued He may withdraw all or any part ot his postal savings by mail and on demand to- gether 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 opened by q married woman free from any control or interference by her husband the post office officials are forbidden Co dis close to any person except the deposI- tor. the amount Of any deposits that withdrawals may be made without pre- vious notice; and that the Government guarantees to repay all deposits on demand with accrued interest
 The leaflet will soon be printed in 22 foreign languages for distribution through local post offices The foreign born citizen has taken very kindly to postal savings, and literature jn his own language will be of great assis- tance to him In a recent article. Postmaster General Burleson comment ed on the foreign born depositor as fol- lows
 Upwards of 500, 0o0 depositors now have accounts in the Postal Savings System and they represent every nationality on the earth They also represent almost every known occupa- ton professional men. theatrical peo- pie. mechanics, laborers, fishermen, pack peddlers. etc But the majority are wage earners, and of this class the foreign born largely predominate A census of depositors taken by the Post Office Department shows that approXi- mately 40 per cent (20o 000) of the de- positors are foreign born citizens and they own more than 50 per cent of the deposits splendid evidence of the con hdence of our newly acquired citizens m the ability and good faith of their adopted country to fill it's obligations.
 There IS another reason which led immigrants. uTfamiilar with our iang- uage and business methods. to turn to the government to safeguard their humble savings and that reason $ the disastrioUs experiences many ot chem have had by the failures of bogus private banks oAicared by sWn3lers of their own tongue who have preyed mercilessIy upon their loneliness and credualty.
 Postal savings receipts have broken all records the past year During the eight months prior to April I there was net gain in deposits of Sl9. coo, 900. as against a gain of &. 0oo, 000 for the same months the year before Thousands of new accounts have been opened and the millions made up large iy of hidden savings have been turned back into the channels of trade just at time when there was pressing de mand for every dollar.
 To Soda Fountains in Dermott terri ioru. Me car sell unr unnr mna in ln