Norwich bulletin., 1915-05-17
BIG CAIN IN POSTAL SAVINGS
Eghyve New Accounts Opened Here Since the First of the
Year$77 2s9.76 Deposit at the Close of Business
FrdayPostal Department Announces Extension of the
Service-Open Postal Savings Accounts by Mail.

| resides many miles from a postal saw
ingS bank
Having a few hundred dollars
saved from fifty years of hard and
assiduous labor and skimping econ
omy on the part of my wife and my
self, we concluded to deposit it 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 office could
deposit in that Office which is vety
disappointing news to us. Our little
farm is not large enough to support
US and land is SO high that 1t is i'm
possible for us to buy more with what
little we have saved and we 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.'
Under the plan adopted by the post
master general for opening accounts
| by mail an intending depositor, re-
siding where there is no regularly des-
/ ignated postal savings bank, will ap-
ply to his local postmaster, who will
see that necessary identification data
as prepared and forwarded to a near
| by post Office authorized to accept de-
| posits. The intending depositer will
| then be given permission to 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 will
| be issued. He may withdraw all or
any part of his postal savings by mail
and on demand together with any in
| terest that may be due him.
The new leafet 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 a
married woman free from any control
or interference by her husband; that
post office officials are forbidden to
| disclose to any person, except the de-
positor, the amount of any deposits;
| that Withdrawals may be made with
. out previous notice; and that the gov
eminent guarantees to repay all de-
posits on demand with accrued inter-
| est.
| The leafiet will soon be printed in %
| foreign languages for distribution
| through local post offices. The for
| eign-born citizen has taken very kind
| ly to postal savings, and literature in
his own language will be of great as
sistance to him. In a recent article
| Postmaster General Burleson COM
mented on the foreign born depositor
as follows:
| Upwards of 100000 depositors now
have accounts in the Postal Savings
| system and they represent every ma
tionality on the earth. They also rep
resent almost ever known occupation
professional men, theatrical people
mechanics, laborers, fishermen, pack
/
| wage earners. and of this class the
foreign born largely predominant. A
| census of depositors taken by the posi-
| Office department shows that approx
imately 40 per cent ($200, 000) of the
tdepositors are foreign-born citizens
and they own more than so per cent
og the deposits-splendid evidence Of
the confidence of our newly acquired
citizens in abe ability and good faitI
of their adopted country to fulfill it,
obligations.
There is another reason which leG
immigrants, unfamiliar with our Ian.
guage and business methods to TURF
| to the government to safeguard theil
| humble savings and that reason Is
| the disastrous experiences many Of
! them have had by the failure of bogu:
| private banks Differed by swindler:
of their own tongue who have preyeC
mercilessly upon their loneliness ant
credulity."
/ Postal savings receipts have broker
all records the past year. During tbs
eight months prior to Auril 1st there
was a net gain in deposits of $4,000.
900, as against a gain of $4,000, 00t
for the same months the year before
Thousands of new accounts have beer
opened and the millions made III
largely of hidden savings have !see1
turned back into the channels of trad,
just at a time when there was press
ing demand for every dollar.