38 
POSTAL SAVINGS 
master-General, the Secretary of the Treasury 
and the Attorney-General. On these trustees 
w'as conferred "power to make all necessary and 
proper regulations for the receipt, transmittal, 
custody, deposit, investment and repayment of 
the funds deposited at postal savings depository 
offices.” This board is somewhat similar to the 
Postal Savings Bank Investment Board of the 
Philippines. 1 The three officials are supposed to 
represent respectively three important aspects of 
postal savings bank work, administrative, finan 
cial and legal. The establishment of a postal 
savings bank in the United States was looked 
upon by many of its sponsors as an experiment, 
and it was the clear intention of Congress to give 
wide discretionary powers to the Board of Trus 
tees, so that they might feel their way carefully 
in extending and developing the system. 2 As it 
passed the Senate, the Carter bill contained no 
provision for a board with wide discretionary 
powers but placed the administration in the 
hands of the Postmaster-General. This likewise 
was the plan in the substitute bill recommended 
to the House by the minority of the Committee 
on Post Offices and Post Roads. 3 The minority 
1 Kemmerer, The Philippine Postal Savings Bank, in An 
nals Amer. Acad., XXX, No. 1, p. 48. 
2 Cf. House Report No. 1445, 61 Cong., 2 Sess., pp. 1-2.