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 93 but did not urge the point, for he admitted that the evidence so far available was that minors were not using the postal savings banks very ex tensively, and that comparatively few of those who did use it would have deposits of over $1,000. Senator Smoot, of Utah, in the course of debate on the earlier bill, said there was one class of people who would go to the limit of $2,000. “I have received a number of letters,” he said, “stating that there were people who used the postal savings banks, depositing their money in the post offices of the country, with the purpose of preventing the money from being garnisheed; . . . . and they felt perfectly safe about keep ing it from their creditors.” 30 Senator Sher man, of Illinois, said that he also had received many complaints on this subject from a great variety of people. 87 Postal savings deposits, being debts of the United States Government, are exempt from taxation under Section 3701 of the Revised Statutes, which provides that “all stocks, bonds, treasury notes and other obligations of the United States shall be exempt from taxation by or under State or municipal or local authority.” Senator Hitchcock, of Nebraska, thought that 36 Ibid., April 27, 1914, p. 7808. 37 Ibid., April 27, 1914, p. 7808.

Access restriction

Copyright

fullscreen: Postal savings

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation