This is a historical statement by Hon. Alexander M. Dockery, Third Assistant Postmaster General, before the Subcommittee of the Joint Committee on Rural Credits, concerning the proposal to invest Postal Savings deposits in farm mortgages and other securities. "The United States Postal Savings System" offers a snapshot of early 20th-century financial policy and the role of the postal service in American banking. This document provides valuable insight into the debates and considerations surrounding rural credit and the utilization of postal savings deposits during a crucial period in American economic history. It is an essential resource for researchers and historians interested in the evolution of the U.S. financial system.
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