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

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter IV - Depositors and deposits

Collection:: Economics Books

DEPOSITORS AND DEPOSITS at work, without attempting to weigh them. Among these may be mentioned: (1) The dis trust of non-Government banks on the part of the foreign born population—a distrust easily understood when one bears in mind the extent to which our foreign born have been robbed by per sons (often of their own nationality) parading under the name “banker” or “bank.” The ex ploitation of our thrifty foreign born population by many of our so-called “immigrant banks” has been a public disgrace. 7 Although considerable improvement has been made in recent years in the regulation of these institutions, the situation is still far from perfect, and the distrust among the foreign born engendered by the early abuses still persists. (2) A second reason is the demo cratic atmosphere which pervades most post of fices, in contrast with the aristocratic one that pervades most banks. Moreover, comparatively few banks have made a reasonable effort to at tract this class of our population, while the postal savings system has. 8 In receiving and sending 7 Cf. Report of Immigration Commission, on Immigrant Banks, Sen. Doc. No. 881, 61 Cong., 2 Sess., pp. 109-124. 8 Circulars in 28 foreign languages explaining the postal savings system and its advantages have already been issued and widely distributed. These 23 foreign languages are designed to reach about 97 per cent of our entire foreign born population. Ann. Rep. 3 Assist. Postmast.-Gen., 1916, p. 12. ;J o ? 61

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