84 
POSTAL SAVINGS 
town, Ohio, in August, 1913, and the other was 
the case of the United States Trust Company in 
Washington, D. C., November 21, 1913. This 
last run persisted from noon of one day till noon 
of the next. “During the six days prior to the run 
thirty postal savings accounts were opened in 
the Washington post office and $3,413 was re 
ceived. In five days after the run 147 accounts 
were opened and $15,650 was received, and dur 
ing this period $24,261 was rejected on account 
of the monthly limitation.” 23 
In all of the above instances of the withdrawal 
of funds from local banks the money withdrawn 
was immediately redeposited by the postmaster 
in local banks, and in most, if not all, of the cases, 
existing local depository banks for postal sav 
ings funds already had deposited with the Gov 
ernment a sufficient margin of collateral to 
qualify at once for the new deposits. 
The severance of diplomatic relations with 
Germany, February 3, 1917, caused some alarm 
among foreign born depositors in a few cities lest 
their postal savings deposits might be seized by 
the Government in the event of war. With 
drawals increased temporarily at a few post of 
fices. Apprehension as to the safety of postal 
savings deposits was effectively allayed by the 
23 Ibid., p. 927.