The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-05-17
EXTEND SERVICE OF
POSTAL SAVINGS BANK.
MINORS NAY HAVE ACCOUNTS
Any Person Ten Years Old or Over
May Make Deposits In Own Name.
Guarantee Of Savings Is Given by
Government.

An important extension Of the SER
vice OF the postal savings system. to
become effective July 1, next, fs an
nounced in an instructive ieafiet is
sued by Postmaster General Burieson
and received by Postmaster Hay T.
Thornton. The depositing Of money
in postal savings banks may be made
by mail. and accounts may be opened
by every person in the United States
ten years or more of age.
Governor Dockery. Third Assistant
Postmaster General. who has direct
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 for meet
ing n demand well illustrated In
letter from Saline County Missou-
rian. who resides many miles from a
postal savings bank:
Having a few hundred dollars
saved from Atty years of hard and
assiduous labor and skimping econo-
my on the part OF my wife and my
self, we concluded to deposit 1t IN
the Postal Savings Bank OF ---. We
wrote to the postmaster at that place
and received reply to the effect that
none but patrons OF. that ONCE could
deposit in that once. which IL very
disappointing news to US. Our little
farm is not large enough to support
us and land Ia 80 high that It is Inn
possible for US to buy more with
what little we have saved ana wc
are so old that we can't labor much
now and we would be so glad to lay
by at least enough to put Us away IN
decency."
Tnformasion From Postmaster.
Under the plan adopted by The
Postmaster General for opening &C
residing where there IL no regularly
designated postal savings bank, will
apply to his local postmaster, wac
win see that necessary Identification
data In prepared and forwarded TO =
nearby postal ONCE authorized to ac-
cept deposits. The intending depos-
itor will then be given permission to
forward his hrst and subsequent de-
posits by money order or registered
mail direct to the postmaster at the
banking point for which receipts or
certificates will be issued. He may
may withdraw all or any part Of his
postal savings by mail and on de-
mand, together with any interest that
may be due him.
The new leafiet points out that any
person ten years old or over may
open an account IN MIS- OF heF own
name: that an account may be OPEN
ed by a married woman free from
any control or interference by her
husband; that postoffice officials are
forbidden ITO disclose &c any person.
except the depositor. the amount Of
any deposits: that Withdrawals may
be made without previous notice: and
tina. the Government guarantees to
repay all deposits on demand with
accrued interest
Business Has Grown
The leafie. will soon be printed In
twenty-five foreign languages for dis
trihution through local postofaces,
The foreign born citizen has taken
very kindly to postal savings. and lit
erature in his own language will be
of great assistance to him.
Postal savings receipts have broken
ali records the past year. During the
eight months prior to April there
was q net gain in deposits Of $is.-
900. 900, as against a gain of $4,000
000 for the same months the year be-
fore. 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 pressing demand Tor every
dollar.