and Savings Bank, sends a circular letter to a number
of banks, saying that he is enclosing a booklet that
describes a number of bonds suitable for the security
of postal savings deposits, the legality of which has
been carefully investigated. In his letter he mentions
especially Omaha, Nebraska, School 4½% bonds, price to
net 4.40%; Seattle, Washington, Harbor 5% bonds, price
to net 4½%; and Hoquiam, Washington, Bridge 5½% bonds,
price to net 5%. Reproduce the letter, addressing it
to W. W. Fallows, Cashier of the Mercantile National
Bank of Pueblo, Colorado.