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Postal savings

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Bibliographic data

fullscreen: Postal savings

Volume

Identifikator:
1876769408
URN:
urn:nbn:de:zbw-retromon-262860
Document type:
Volume
Author:
Cassirer, Ernst http://d-nb.info/gnd/118519522
Title:
Das Erkenntnisproblem in der Philosophie und Wissenschaft der neueren Zeit
Volume count:
Bd. 1
Place of publication:
Berlin
Publisher:
Cassirer
Year of publication:
1906
Scope:
XV, 608 S.
Digitisation:
2022
Collection:
Economics Books
Usage license:
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Chapter

Document type:
Volume
Structure type:
Chapter
Title:
Einleitung
Collection:
Economics Books

Contents

Table of contents

  • Postal savings
    Postal savings
  • Title page
  • Prefatory note
  • Contents
  • Chapter I - The movement for establishment of a postal savings system in the United States
  • Chapter II - The postal savings bank act of 1910
  • Chapter III - Administrative organization and selection of post offices for postal savings banks
  • Chapter IV - Depositors and deposits
  • Chapter V - Investment of postal savings funds
  • Chapter VI - Conclusion
  • Appendix A - The United States postal savings act and its amendments
  • Appendix B
  • Index

Full text

THE POSTAL SAVINGS BANK ACT 
37 
indemnity bond. These provisions appeared to 
a majority of the Senate to meet the require 
ments of safety and of an adequate interest yield, 
and to keep the funds in the local community as 
effectually as any plan that could be devised. 
Shortly before the bill came to its vote in the 
Senate, however, it was vigorously attacked on 
the ground of unconstitutionality, particularly 
by Senators Rayner of Maryland, Bailey of 
Texas and Root of New York. The principal de 
fenders of the constitutionality of the bill were 
Senators Sutherland of Utah and Bradley of 
Kentucky. The constitutional arguments were 
on an unusually high plane. The constitutional 
ity of the hill was defended, of course, under the 
doctrine of implied powers. Ignoring the discus 
sion over the “welfare clause” of the Constitu 
tion, which on the one side was interpreted to 
mean almost everything and on the other side to 
mean almost nothing, we find the proponents of 
constitutionality basing their arguments chiefly 
on three clauses of the Constitution. (1) The 
power “to coin money” and “regulate the value 
thereof” was to he interpreted “to confer upon 
Congress the power not only to coin money hut 
to provide and maintain an adequate currency for 
the country.” Postal savings banks would be a 
proper means to that end, since they would call
	        

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Postal Savings. Humphrey Milford, 1917.
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