Postal savings

Bibliographic data

Monograph

Identifikator:: 869930397

URN:: urn:nbn:de:zbw-retromon-49420

Document type:: Monograph

Author:: Kemmerer, Edwin Walter http://d-nb.info/gnd/101827717

Title:: Postal savings

Place of publication:: London

Publisher:: Humphrey Milford

Year of publication:: 1917

Scope:: 1 Online-Ressource (VIII, 176 Seiten)

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter I - The movement for establishment of a postal savings system in the United States

Collection:: Economics Books

2 POSTAL SAVINGS the other great nations of the world in this mat ter. 3 This is not, however, the first experience of the United States with postal savings banks. To be exact, this is the third postal savings bank to exist under the American flag ; the first being the Hawaiian postal savings bank, which was estab lished in 1886 and was closed shortly after the American annexation in 1898, and the second being the Philippine postal savings bank, which has been in successful operation since 1906/ A study of the forty years of discussion which culminated in the establishment of a postal sav ings system in the United States does not fall within the scope of this book, which is primarily concerned with the system created by the legisla tion of 1910. It will be desirable to consider only the events immediately leading to that legislation. Movement for Postal Savings Encouraged by Punic of 1907 The panic of 1907 was characterized by a gen eral lack of confidence in banking institutions. 8 For descriptions of the different postal savings banks of the world, see Notes on the Postal Savings Banks Systems of the Leading Countries, National Monetary Commission Report, Sen. Doc. No. 658, 61 Cong., 8 Sess. 4 The Philippine Postal Savings act, as amended to date, together with the principal regulations issued thereunder, will be found in Appendix B, pp. 151-169.

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