Postal Savings; An Historical And Critical Study of the Postal Savings Bank System of the United States
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433; and Jan. 6, 1916, p. 618.
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 t...hat 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." 36 Senator Sher- man, of Illinois, said that he also had received many complaints on this subject from a great variety of people. 37 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 37 Ibid., April 27, 1914, p.
What to read after Postal Savings; An Historical And Critical Study of the Postal Savings Bank System of the United States?
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To quickly assess the difficulty of the text, read a short excerpt:
433; and Jan. 6, 1916, p. 618.
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 t...hat 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." 36 Senator Sher- man, of Illinois, said that he also had received many complaints on this subject from a great variety of people. 37 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 37 Ibid., April 27, 1914, p.
What to read after Postal Savings; An Historical And Critical Study of the Postal Savings Bank System of the United States?
You can find similar books in the "Read Also" column, or choose other free books by Edwin Walter Kemmerer to read onlineMoreLess
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