It is believed that the proposed bill will meet the demands of the public in a very large percentage of instances. Tim Postal Savings System now has approxinately $73.000.000 on. deposit. standing to the credit of 560.000 depositors. More than 30.000 accounts have now reached the $500 limit. and the owners of them can deposit no more. despite their appeals to do so. And of these $500 accounts 22.000 are owned by the foreign born. The Post Office Department assures the committee that the work incident to much larger deposits can be cared for with practically no additional expense. I now yield to the gentleman from Minnesota
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