Evening Republican, Volume 15, Number 60, Rensselaer, Jasper County, 11 March 1911 — Five More Postal Savings Banks Coming to Indiana. [ARTICLE]

Five More Postal Savings Banks Coming to Indiana.

Five more postal savings banks will probably be established in Indiana during the next few months, making six in all. Congress at the recent session gave Postmaster General Hitchcock $500,000 with which to extend the postal bank system. The postmaster general calculates that this will enable him to establish about 250 postal banks or about five in each state. \ It is his intention to continue to favor the cities of secondary size. He has not yet given consideration to locations for the banks, but the next series will provide for postal banks for some cities where there is a large foreign population that distrusts Amgrican banking institutions, but probably would patronize a postal bank which has the government behiml it tlary, Hammond and South Bend are mentioned as cities of this kind and it Is probable that one of the three will get a postal bank. , The only postal bank now in opera tion in Indiana is at Princeton. The deposits there have exceeded expectations.