The Western news. [volume] (Libby, Mont.) 1933-current, 1935-10-31

| senator from New York would be salts
fed II the bill exempted wine. Wads-
worth said he would like to save beer.
too Norris and other drys threw up
their hands. 1T was untMnkabe. Ii
may be that this original prejudice, 80
/ much stronger against beer than wine.
though wine contained normally a
much larger percentage OF alcohol.
grew out OF the difficulty some relig
lous drys had In surrounding the
Feast Of Cana, but whatever the truth,
the fact will be recalled by anyone Tn
this country at the time that beer was
far more obnoxious to the drys thao
Wine
Hits lizard Liquor"
Virginia, home state OF Bishop Cannon.
makes the sale OF beer and wine sim
pie, but throws many restrictions
around the sale OF .hard liquor" In
way the plan follows that practiced
for long time In Canada. So-called
wine cocktails" are offered In hotel
dining rooms, but not martins or
manhattans. Beer Is sold everywhere
Beer and wine are sold In Virginia,
Washington, and many other places In
this country much more freely than In
the old pre-prohbition days. Before
prohibition the only places that would
sell customer glass or bottle OF
beer were licensed saloons, which
we're strictly limited as to number
Now there are frequently five In one
block. In Washington these are sand
wiched between stores which are
licensed to sell only packaged goods
not to be consumed on the premises.
All of which change In sentiment
II 1t really does represent a change
is very apparent to the dstlllers, and
their fear OF the next fight grows. for
their Thought Is that II the fight Is
concentrated on distilled liquor, or, say
beverages exceeding Is per cent or
20 per cent alcoholic content. they will
not have the brewers. the wine makers
and the grape growers with them.
Postal Savings
While there Is no intention In the
administration OF yielding to the
clamor of privately owned banks for
the abolition or sharp contraction. of
the postal savings system. there Is JUST
al Much opposition In official quarters
to the elaborate plans for expanding
that system, including checking ac-
counts. and going into a general bank
Ing business.
Officials. both of the reserve hoard
and post Office, insist that they do not
want to change the present system at
all. They do not want to push pri-
vatelNowned and mutual savings banks
out of business, and they do not want
the government going into the banking
business On large scale. But at the
same timeN they are unwilling to de-
prive the public Of what they regard as
privilege"
the postal savings system has no.
made greater inroads on savings banks
In many communities. for example, the
cities OF New York state. In the En-
plre state the state banking anthori-
ties do not permit savings accounts
TO draw more than per cent, which Il
precisely the rate paid by postal de
poslts.
But-postal savings depositors In
many instances are buying postal snv.
ings bonds, and these pay 2l1a per cent
more than they can get from any
savings account In privately owned
or mutual bank In. New York state.
: As matter OF fact, the amount OF
such bonds so far bought, sl01 DIT 500.
represents Just shout the increase In
postal deposits since last December.
when postal deposits reached their
peak of s1.208,O00.OOO They are now
about $4,0OO,0O0 less than the peak,
but would be nearly slOO,OO0,0OO above
1t, post office officials think, we're 1t
not for the savings bonds.
Money Is Safe
With the government guaranteeing
all bank deposits, they point ont, there
Is no question, SO far as well informed
people are concerned, OF the safety OF
their money. So II the private banks
pay higher rate than the postal saw
ings the private banks should attract
savings deposits as never before since
postal savings was inaugurated,
Postal savings had the blk boom,
very naturally. in 1898. the year of the
bank holiday In December OF tina;
year they crossed $1,000 100000 By
the time confidence had been restored.
and the government guarantee OF de-
posts set up, the banks had begun to
cut their interest rates SO there wa
no incentive to take the money out Of
postal savings and put 1t back In the
banks. In most large cities OF this
country this Is still true.
Where there are legal restrictions
on the amount OF interest that can be
paid, as In New York state, 1t Is just
question OF protecting the banks from
getting more deposits than they can
HF4tit4hIy and gafplyInvest4 eonsifftsr-