86 
POSTAL SAVINGS 
namely, $100 as the maximum amount that could 
be deposited by any depositor in a month, and 
$500 and accumulated interest as the maximum 
balance which a depositor could have, soon proved 
to be onerous, and a number of bills were early 
introduced in Congress looking toward lighten 
ing them. The first of these bills to come into 
prominence was the Moon bill, 24 which contained 
provisions amending the organic postal savings 
act in a number of important particulars, one of 
which—the most controverted one—was con 
cerned with changes in these limitations. The 
bill as originally introduced provided for the re 
moval of all limitations upon the amount that 
any person could deposit in a postal savings bank 
at any time and upon the balance he could have 
to his credit, but limited the amount upon which 
he could draw interest to a maximum of $1,000. 
The privilege of making non-interest bearing de 
posits in postal savings banks, in unlimited sums, 
above the maximum upon which interest is al 
lowed, is granted in a number of countries, not 
ably Italy, Sweden, the Netherlands and its 
colonies and the Philippines. 25 The Moon hill 
24 H. R. 7967 of the 63 Cong., introduced September 
6, 1913, by Representative Moon of Tennessee. 
25 In Belgium there is no limit to the amount which can be 
kept on deposit, at interest, but when the deposit balance 
exceeds 3,000 francs the interest rate on the whole balance 
is reduced from 3 per cent to 2 per cent.