Rensselaer Semi-Weekly Republican, Volume 41, Number 16, Rensselaer, Jasper County, 3 November 1908 — Encouraging Small Accounts. [ARTICLE]

Encouraging Small Accounts.

“The device of issuing postal savings bank stamps has met with some response. The stwujMj are Simply a method by ,whfch «maU'amounts Can be deposited without tlie expense of issuing a book, figuring interest, and! opening aa account. “On the whole, the reception accorded the postal savings bank has been gratifying, and gtvea good promise. The investment of the funds It in the gands of a postal savings bank Investment board, which carries a certain amount of the funds on deposit, and ttas limited power of investment. The few provides that 25 per cent of the money fjeti) on deposit may be "loaned on flrsti-class real estate, under limitations catefully drawn to protect the depositors, and 10 per cent on agricultural lands under still mors rigid Hml tat lona.”