Postal Savings System Likely To Be Junked
James Marlow reports that the Postal Savings System faces likely abolition as government officials and lawmakers consider ending the program. The system offered 2 percent interest with deposits from $3 to $2500, serving rural savers and those far from banks. The House Post Office Committee approved a bill to end the system, contingent on House and Senate action or on deposits falling below one billion dollars, with deposits now around 1.7 billion and profits last year about 6.2 million dollars. If ended, deposits would be returned over two years after Treasury steps.
MENTIONED IN THIS ARTICLE
James Marlow
Persys News
Washington
Wits Greareg
Depris- Het
Wall Street
Omuass
Hoover Commission
General Accounting Office
House Post Office
House
Senate
LS. Treasury
Denes Institute founder analyzes American marriage woes
Hal Boyle surveys European views and psychologist Denes on why American couples strain. Denes claims men fear love, women fear loss, and alimony dynamics or divorce law affect behavior. He advocates honest dialogue and mutual effort to align expectations and improve communication in marriages.
MENTIONED IN THIS ARTICLE
Heyl Boyle
Shushenel
Methus
Denes
Birnec
Cieles Lis
Psyvehodrammo Wihiies
Peters Gaphing
Puss
Denes Institute of Personality
Tals
Benesries
Raemur
Sean
Alwys
I Peral
Bond Interest Hike Vote Today
The House votes on a proposal to raise annual interest on small denomination Series E and H bonds to as high as 3 percent. The Treasury would set new bonds to yield 2 1/2 percent on purchases after February 1, while prices and face values stay the same. The move aims to attract buyers amid waning bond purchases and rush to redeem existing holdings for better returns.
MENTIONED IN THIS ARTICLE
Washington
House
Treasury
Pew
Vinita Stabbing Death Sparks Police Probe At Home
Alberting, a Vinita man, was found stabbed to death in his residence, with a butcher knife nearby, Saturday night. Sheriff Jim Ince reports a male suspect was arrested. autopsy ordered by County Attorney L. O. Thomas. King family contact noted for arrangements.
MENTIONED IN THIS ARTICLE
Vinita
Okla
Alberting
Charles Burkhalter
Parkhalter
Tame
Mic King
Craig County
Jim Ince
King
L. O. Thomas
Maturity Cash-In Period Shortened for Bond Offer
The proposal allows buyers to cash in the full face value after a shorter period replacing the present wait of eight years and months with a term of years and months, enabling earlier access to principal.
Also Mentioned on This Page
Ee & Company
Dept. of
U.S. Weather Bureau
Cialy
Arn
Fures
Eliza
Tor
Weather Bureau
California
Nevada
Great Lakes
Canada
Mississippi Valley
Plains
Hal Boyle Seys
Eurspean
U.S
Kenneth Otis
Crosby EL
United States
Safi
Federal Deposit Insurance Corp
Vinitan
Creomullion
SEARS
Gore Lawton, Oklahoma
Diot EL
America
Institute of Life Insurance
Madison Avenue
New York
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