The PostmasterGeneral estimates that in 1907 Italian laborers in this country remitted $19.000.000 to the postal savings banks of Italy for safekeeping. The sums sent abroad to other countries can not be ascertained. but that the aggregate amount is large does not admit of question. Immigrants coming to our shores. unfamiliar with our banking system. and frightened by reports of bank failures from time to time. naturally return their money to the postal savings institutions at their former homes with the confident assurance that what they earn and save will be secure and available when needed. The money earned in this country belongs here. and it behooves us to give such assurance to the toiling millions as will induce them to save and deposit rather than to squander. hide. or send their earnings abroad. The committees report on this bill discloses the measures taken by foreign countries to induce their former citizens or subjects to forward their earnings to the postal banks of their mother country.
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Immigrants