The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1915-05-20

Nes~- 0@NAb~ ~
Every person In the United States
ten years old or over may open an se-
count ia a postal savings bank after
July lst according TO an Instructive
leaflet on the Postal Savings Systeu
just issued by Postmaster General
Burleson. This important extension
OF the servic Will b. made p0ssbie by
permitting persons living IN CON
munities so sparsely settled as not .
justify the designation If heir iecal
post office as regular postal savings
banks to open accounts by mail
Governor Dockery. Third Assistant
Postmaster General, who has direct
supervision of postal savings, vas 81
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
feasible and sale method for meet
ing demand we'll illustrated in a
letter from Missourisn, WIN resides
many miles from a postal savings
hank
"Having few hundred dollars
saved from fifty years OF hard and
assiuous labor and sklmping economy
on the part of my wife and myself,
we concluded TO deposit it in the
Postal Savings Bank Oh. We
wrote to the postmaster at that place
and received reply tb the effect that
none but patrons of that office could
deposit in that Office which is very
disappointing news 10 US. Our little
farm Is not large enough to support
Us and land is Sd high that il is i'm
possible for us to buy more with
what little we have sayedand we are
so old that we cant labor much now
and we would be SO glad to lay by at
least enough to put US away In de-
cency.n
Under the plan adopted byA the
Postmaster General for opening ac-
counts by mail an intending deposit
or, residing where there is no regu-
larly designated postal savings bank.
Will apply to his local postmaster
who will see that necessary identiA-
cation data Is prepared and forwari-
ed to nearby post Office authorized
to accept deposits. The intending
depositor will then be given permits
sion to forward bis first and subse.
quent deposits by money order Or
registered mail direct to the post
master 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 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 a married woman free
from any control or Interference by
her husband; that post office officials
are forbidden to disclose to any pc :
son, except the deposition, ths amount
OF any deposits; that Withdrawals
may he made without previous no
tice; and that the government guar
antees to repay all deposits on de-
mand with accrued interest.
The leaflet will soon be printed In
% foreign languages for distribution
through local post offices. The for
eign born citizen has taken very
kindly to postal ssvinps, and lltera.
ture In bis own language sill be Of
great assistance to him. In re.
cent article, Postm aster General Bur
Lesson commented on the foreign born
debositor as follows:
Upwards of 500 900 deposit rs
now have accounts In the Postal Saw
ings System ana they represent every
nationality on The earth. They also
represent almost every known occu-
patton professional men, theatrical
people, mechanics, lahorers, fisher
men, pack peHdlars, etc But the
majority are wsge-earneTs, and ~
this class the foreign-born largely
prednminate. v census of depositors
taken by the Post Ofiice Department
shows that approximately 40 per cent
/ 200, 000) Of the depQsitors are for
eiRn-born citizens and they own more
than 80 per cent Of the deposits
splendid evidence OF the confidence Of
our newly acquired citizens In tie
ability and good faith Of tIeir adopt
ed county to fulfil its obligations.
There Is another reason which led
/ immigrants, unfamiliar with our Ian
guage and business methods, to turn
+ 10 the government to safeguard their
F humble savings and that reason is
the disastrous experiences many Of
them have tad by the failures q
bogus "priEste banks offered by