Smaller Cities to Get Savings Banks at the Post Office, 1910

Eastern Carolina News, Kenansville, N.C., August 17, 1910

Postal Banks in Small Cities

Beverly, Mass., Special—Postmaster General Hitchcock has made a preliminary report to President Taft regarding the plans for the institution of postal savings banks in different parts of the country in the near future. The experimental banks will be located in the smaller cities. Sufficient money to establish the system in cities like New York, Chicago, Philadelphia, Boston and other great centers is not yet available. There is also a desire to perfect the system through the experiments in the smaller communities before an attempt is made to open up the metropolitan branches.