DEPOSITORS  AND  DEPOSITS

95

posits  authorized  by  the  proposed  legislation
should  be  exempted  from  attachment  for  debt
and  from  taxation  is  a  separate  question  to  be
considered  by  itself. 39  Such  rights  of  exemption
were  not  an  essential  part  of  the  proposal  to
raise  the  deposit  limits.
3.  A  third  argument  in  opposition  was  urged
by  Senator  Weeks  of  Massachusetts.  It  may
best  be  stated  in  his  own  words:  “I  feel  perfectly ­
  sure  that  if  this  is  undertaken  you  will  see
men  from  time  to  time  dropping  into  the  country
post  office  and  depositing  their  money  where  the
postmaster  has  no  facilities  for  caring  for  it,  having ­
  no  safe  or  any  other  means  of  protecting  deposits. ­
  .  .  .  [They  will  do  so]  not  for  the  purpose ­
  of  saving  the  money,  not  for  the  purpose  of
getting  interest  on  it,  but  simply  for  the  purpose
of  leaving  it  there  for  safe  keeping  until  it  is
wanted.” 40
These  were  the  only  arguments  worthy  of  mention ­
  advanced  in  the  Sixty-third  and  Sixty-fourth
Congresses,  on  either  side  of  the  broad  question
of  raising  the  deposit  limits.
Limits  on  Deposits  Raised  in  1916
As  previously  noted,  the  veto  by  President
Wilson  of  the  Postal  Savings  bill  of  1913-14
39  Ibid.,  April  28,  1914,  p.  7360.
40  Ibid.,  April  27,  1914,  p.  7302.