The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1915-05-18
MAIL ACCOUNTS
IN POSTAL BANKS
government i. Extending Scoops or
This Branch to Communities
Where Banks Are Not Resu-
IsrIy Situated.
CAN DEPOSIT BY MAIL
proper ldentltoatlon Data VIII be
Given AppIIcants-Reeeipts
Break Records for
Year.
CAN DEPOSIT BY MAIL

Every person in the United States
ton years old or over may open an &C
count IN postal savings bank after
1ulv 1st. according to an instructive
leaflet on the Postal Savings System
inst issued by Postmaster General
prrleson. This important extension OF
tho service will be made possible by
uermitting persons living In commun-
ties so sparscly settled as not to JUS
tify the designation of their local
nostoffice as regular postal savings
hanks to open accounts by mail.
Governor Dockery. third assis.
tant postmaster general. who has
direct supervision of postal savings,
was so impressed by appeals from all
over the country to open postal say.
ines accounts by mail that he took up
tho task some weeks ago of working
out feasible and safe method for
meeting demand well illustrated in
letter from a Saline County Missod-
Ran. who resides many miles from a
postal savings bank.
Having a few hundred dollars
saved from fifty years of hard and
assidous labor and skimping economy
on the part of my wife and myself.
we concluded to deposit 1t in the Pos
tai Savings Bank of -. We wrote
to the postmaster at that place and
received reply to the effect that none
but patrons of that office could deposit
In that office which is very disap-
pointing news to us. Our little farm
Is not large enough to support us
and land is so high that 1t is impos-
sible for US to buy more with what
little we have saved and we are 80 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 de-
cency"
Under the plan adopted by the
postmaster general for opening az
rounts by mail an intending depositor
residing where there is no regularly
designated postal savings bank. will
apply to his local postmaster who
will see that necessary Identification
data is prepared and forwarded to a
nearby postoffice authorized to ac-
cept deposits. The intending deposit
to will then be given permission to
forward his first 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
withdraw all or any part of his pos
tai savings by mail and ON demand to-
fether with any interest that may be
due him. >,
Married Women's Accounts.
The new leaflet points out that any
person ten years old or ever may
open an account in his or her own
name; that an account may be open.
ed by married woman free from
any control or interference by her
husband: that postoffice officials
are forbidden to disclose to any pei.
son, except the deposition. ohe amount
OF any deposits; that Withdrawals
may be made without previous notice;
and that the government guarantees
10 repay all deposits on demand win
accrued interest.
The leaflet will soon be printed In
q foreign languages for distribution
through local post offices. The for
eign-born citizen has taken very kind
" to postal savings, and literature in
MS own language will be of great as
ISSUANCE to him. In recent article.
postmaster General Burleson COM
mented on the foreign-born deposit D.
as follows:
Upwards Of 100000 depositors now
nave accounts in the Postal Savings
system and they represent every ma
uonality on the earth. They also
REPRESENT almost every known occupa-
professional men, theatrical peo-
DE mechanics. labcrers, fishermen,
fack peddlers. etc. But the majority
are wage-earners, and of this class
lae foreign-born largely predominate
I census of depositors taken by the
Postoffice department shows that
approximately 40 per cent GOO, 00O) of
tne depositors are foreign-born citi-
zehs and they own more than so per
.ent OF the deposits-splendid evil
uence of the confidence of our newly
aequired citizens in the ability and