INVESTMENT OF FUNDS 121 
the European War the Post Office Department 
was “virtually swamped” with requests to accept 
as collateral for postal savings deposits various 
kinds of temporary securities. In reply to these 
requests the Board of Trustees, November 19, 
1914, adopted the following regulations: 
“Obligations of the general class embracing 
what are commonly known as ‘revenue bonds,’ 
‘temporary bonds,’ ‘temporary notes,’ ‘certifi 
cates of indebtedness,’ ‘warrants,’ and the like 
obligations, whether issued in anticipation of the 
collection of taxes, assessments, or other reve 
nues, or of the sale of bonds or other obligations, 
or for similar purposes, will not be accepted as 
security for postal savings deposits: Provided, 
That in applying this regulation, consideration 
will be given to the legal status of the obligations 
submitted rather than the nomenclature em 
ployed in designating such obligations.” 24 
Since the reorganization of 1913 the Solicitor 
for the Post Office Department (designated as 
the Assistant Attorney-General for the Post 
Office Department prior to November 9, 1914) 
24 Pamphlet published by Post Office Department entitled, 
Determining the Legal Acceptability of Bonds Offered as 
Security for Postal Savings Deposits, 1915. See also Re 
port of the Solicitor for the Post Office Department to the 
Postmaster-General for the Year Ended June 30, 1914, 
pp. 8-12.