POSTAL SAVING BANKS PROVE POPULAR
Postal Saving Banks Prove Popular FROM Washington comes the news that the recently established postal savings banks are proving a success. Postmaster General Hitchcock stated to the press on...
...The Old Guard, what is left of it in Wisconsin, must think the country is rapidly going to perdition...
...Which is the better investment?— Chicago Record-Herald...
...The total deposits in the forty-eight existing postal banks for the month of January will amount to approximately $60,000...
...Postmaster General Hitchcock stated to the press on February 5: "If the necessary appropriations were available, I would establish postal savings banks tomorrow in 500 additional cities and towns of the United States...
...It is reported that a large majority of the depositors in January were foreign Americans, many of whom have been in the habit of sending their savings to their native countries for deposit...
...If this average is maintained throughout the year, the total of annual deposits will be approximately three-fourths of a million dollars...
...Nine years ago the Club started with three newsboys.—Chicago-Record Herald...
...This is an average of about $1,200...
...When the Empire State was going for Murphy, Sohmer, and Kennedy, the sound Insurgent State of La Follette and the University stood firmly to its course, for it knows whither it is headed.—Collier's...
...This report of the operation of the forty-eight postal savings banks scattered throughout the country indicates that the bill creating this system should have been passed as demanded by the Progressives so that it would be open to all citizens instead of to a restricted number to be served by the postal banks...
...The certificate of deposit plan is found to be readily understood by depositors and easily handled by postmasters...
...It costs just $2.10 to make an honest citizen out of an offender against the law...
...During 1910, 2,005 boys and girls made use of the four buildings maintained by the Chicago Boys' Club, and more than $20,000 was expended for the use of the "waifs...
...It costs $9 to arrest a man and make a recognized criminal of him...
Vol. 3 • February 1911 • No. 8
