172

INDEX

Carter,  Senator  T.  H.,  author  of  Carter  bill,  6.
Carter  bill,  6.
Certificates  of  deposit,  adoption  of,  by  Board  of  Trustees,  56-57
  ;  compared  with  pass  books  as  means  of  showing  deposit
credits,  30-31.
Children,  as  depositors  of  postal  savings,  62-65,  92-93.
Cities,  postal  savings  deposits  in,  72-74,  129.
Compensation  of  postmasters  in  postal  savings  offices,  53-54.
Competition  of  postal  savings  system  with  banks,  12-16,  76-79.
Compound  interest  on  postal  savings  deposits,  non-payment  of,
99-100.
Concentration  of  postal  savings  deposits  in  cities,  129.
Constitutionality  of  postal  savings  bill,  debated  in  Senate,  37-42;
Senator  Bailey’s  views  on,  38-41  ;  Senator  Root’s  views  on,  41-42.
Cortelyou,  G.  B.,  Postmaster-General,  cited,  3.
)
Decentralized  system  of  depository  banks,  128-131.
Deficit  in  operation  of  postal  savings  system,  disappearance  of,
in  1914,  90-91.
Depositors  in  postal  savings  offices,  age  grouping  of,  63-65;  geographic ­
  distribution  of,  66  et  seq.;  map  showing  geographic
distribution  of,  67;  nativity  of,  57-62;  privileged  to  invest  savings ­
  in  U.  S.  bonds,  45-48;  table  showing  age  grouping  of,  64;
table  showing  nativity  of,  59;  tables  showing  geographic  distribution ­
  of,  68,  69.
Depository  banks,  amount  of  interest  paid  by,  compared  with
amount  paid  to  postal  savings  depositors,  102-103;  bill  to
change  character  of,  vetoed  in  1914,  114-115;  character  of,
changed  in  1916,  115-116;  decentralized  system  of,  128-131;
decline  in  number  of,  111-112;  interest  rate  paid  by,  102-103,
124-125;  out  of  town,  119-120;  private  banks  as,  110-111;  qualifications ­
  of,  110-111;  selection  of,  under  Act  of  1910,  106-107;
should  include  savings  banks,  130-131;  state  banks  as,  110  et  seq.
Depository  post  offices,  large  number  of  inactive,  54-55;  selection
of,  23-24,  53-55.
Deposits  in  postal  savings  offices,  arguments  against  limitations
on  size  of,  88-91;  arguments  favoring  limitations  on  size  of,  91-95;
  concentration  of,  in  cities,  129;  exemption  of,  from  attachment ­
  for  debt,  92-93;  exemption  of,  from  taxation,  93-95;  geographic ­
  distribution  of,  66  et  seq.  ;  growth  of,  98-99;  interest
paid  on,  31-35;  limitations  on  size  of,  24-25,  85  et  seq.  ;  map
showing  geographic  distribution  of,  71;  method  of  crediting,
30-31,  56-57;  not  affected  in  legal  rights  by  war,  84-85;  per
capita  amounts  of,  in  cities,  73-74;  per  capita  amounts  of,  in
U.  S.,  74-75;  provisions  for,  in  Act  of  1910,  24-30;  sources  of,
75-79;  tables  showing  geographic  distribution  of,  68-69,  73,  74;
withdrawals  of,  25-30,  101-104.
Deposits  of  postal  savings  funds  in  banks,  interest  paid  on,  102-103,
  124-125;  provisions  for,  in  Act  of  1910,  106  et  seq.  ;  regula-