Democratic Sentinel, Volume 21, Number 46, Rensselaer, Jasper County, 12 November 1897 — POSTAL BANKS NEEDED. [ARTICLE]

POSTAL BANKS NEEDED.

Indiana Financier Tells Why They Would Be Popular wjith the People. At a recent meeting (of the Indiana Bankers’ Association fat Indianapolis, Mortimer Levering of (Lafayette, recognized as one of the financiers in Indiana, made an address <* n postal savings banks in which he said; “The government is in a position to manage this thing through its present postoffiqe system, and will scarcely increase the ex*)cn£es of that department, while it will en*uvaee the accumulated wealth of the popple throughout the whole United Static. It wa,y thought that building and levin associa ; tions would care for the savjings of tins masses, lint people have heiloiae suspicious of them. It is well kho win that lawyers in Indiana are making ays much as .$10,00(1 a year out of these iilstitutious, and officers are making much itnoney out of them. We all know that trust companies are not organized as eUsLuosynarv institutions'. We want a system 'lf savings banks that are for the poor peoJde. What greater pride eouhl a man havie- than tr think himself a depositor of tlrtc United States?" fi