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

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter IV - Depositors and deposits

Collection:: Economics Books

DEPOSITORS AND DEPOSITS 91 would be greatly increased, to the great relief of the deficit. Arguments Against Removal or Lightening of Restrictions on Deposits 1. During the debates in Congress concerning alterations in the restrictions on postal savings deposits, the argument in the opposition that played the chief rôle, an argument which under lay many of the others, was that the changes pro posed would make the postal savings system a stronger competitor of existing banks. There was a great deal of opposition on the part of bankers for this reason, and the banking com munity made its opposition felt in Washington. It was claimed that, even if the postal savings system had not been a competitor of the banks under the existing limitations on deposits, it did not follow at all that it would not become a com petitor when the limitations were lightened or removed. Senator Weeks, of Massachusetts, feared that the raising of the limits would put the postal savings system into competition with the mutual savings banks of the East, 32 and Senator Lodge, of Massachusetts, thought that the pro posals were a move in the direction of putting the Government into competition with the banks in 32 Cong. Rec., April 14, 1914, p. 6672.

Access restriction

Copyright

fullscreen: Postal savings

Monograph

Chapter

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation