La Junta tribune., 1908-10-17
DETAILS OF THE
POSTAL SAVINGS Plan
Prompt Performance Of Repubiicsa .
Platform Promise 10 Certais.
Postal Savings Banks Will Form
Save and Convenient System for
Accunulating SAvings.


orab'y reported BY the United S,at~s
Post Roads during the recent session IT
Congress. and il reasonably certain 10
~ ensrtsd into law during the coming
session. Thus adding prompt perform
snre to the promise sf the Republican
national platform relative to this form
Of strengthening our national system of
| shame
The bill reported prov isies for the
| establishment Of frosini savings d-p"si
| tories for d~p"siting N vinss nj interest
with the security ~ the Government
for the repayment thereof and desig
nates The money order post offices and
snrh others as the Postmaster General
may. in his discretion. from time to
time designate a. savings depositories
to receive deposits from the public and
to scc,mnt aud dispose of the same ac-
coriing 10 the t-rus Of the act
The d-pos,,ories are to bs kept open
| for the transaction of huainess every
day. SUNDAYS and iexri holidays ex
cepted. during the usual post office
| business hours Of the town and INail
ties where the respective dein'sitorscs
are iocsted. and during such additional
hours - the Postma ster. General insy
designate.
Accounts may b. opened by any per
ri-d woman may open an account free
from interference by her husband A
trustee may open m account for an
other person. No person can open more
than one saving account except when
acting as trustee for another person
A depoxitor's pass book will be lie
livered to each deposition In which the
mar me and other memoranda necessary
for Identification will be entered. and
entry Of all deposits shall be made
One dollar or . larger snount IN
muliipies of 10 cents will be necessary
to open an account. but deposits Of 10
cents or inuitiples thereof will he re
ceIved after an account is opened.
Upon receiving deposit the post
master Is required to enter the same
In the psss book Of the deposition and
Immediately notify the Postmaster Gen
srsl Of the smount Of the deposit and
tue % tue OS t00 odHVUNVt
master General. upon receipt Of such
notice. 10 required to send an scknowl
sdgmsnt thereof 10 the deposltor. which
! sex acknowledgement shall constitute con
elusive svid~scs of the making Of such
deposit
Iassvsss AIlewsA - DeDsssss.
Interest 10 allowed IT the rate OF 2
per cent per annum. computed ann"
ally. on the average deposit during
each quarter Of the yesr One thou
sand dollars Is the ma ximum deposit
! allowed to the credit OF any one &C
| count. and Interest will not be paid on
any amount to the credit Of sn account
II excess OF $500
Pass books must be forwarded to the
Postmaster General % ths anniversary
Of the making OF the drst deposit for
verifca tIon. posting. and credit Of in
terest due Withdrawals may be made
under rules and regulations to Be pre-
scribed by the Postmaster General De
posts are exempt from seizure under
ssy legal process sgainst the depositor
| and they are also exempt from taxa
tion BY the United States or any state
The same 70 dspositor Or the amount
to his or ber credit may not be dis
closed unless By order sf the Postmas
ter General
Postal savings FUNDS ere to ~ A.
posffesi by the Postmaster. General ~
national banks located - eesr - may
b. IN The ueixhborhood where sucb Dc
posits were received At rate Of inter
est not less than ~ PER esst per an
sum If dsJsosits cas not b oads 10
national basks at the specified rate Of
interest. the Postmastsr -Osasrai may.
with the approval of de Secretary Of
the Treasury and the Attorney General.
invest the oAs II $tate. Tsssitestal
esussy. o. oustctpai tceAe