Golden Valley chronicle. (Beach, Billings County, N.D.) 1905-1916, 1908-10-16

Prompt Performances 81 Republican
Platform Promise L csrtsia..
Postal s.vi.s. Banks will 1grn
ss !. .aa obaysil'nt. syst.n =
Aecumllatins savinss. s.

5 = .
AecumGlatins saviagG.a s:
bill providing for the establish.
nent Of postal savings banks Vii tav.
erably reported by the United states
Senate COMMITTEES on PostomQss aud
Post Roads during the recent session Of
Congress-, and 10 reasonably csffaiu to
be enacted into law during the coming
session. thus adding prompt perform.
ance to the promise of the Republican
national platform relative to tttS FORM
Of strengthening our national syst ter Of
finance. = ga
The bill reported provides for the
establishment Of postal savings depesi-
tories for depositing. savings at Interest
with the security Of the Goverbment
for the repayment thereof and dfSig-
mates the money order post-omdes aud
such others, as the Postmaster General
may, IN hit discretion. from dme to
time designate ~ savings depotItories
to receive depdsits from the public and
TO- account ana dispose Of the Same DC
cording to the terms Of the act y
The depositories are to be kept open
for the transaction Of business sy HSSr
day. Sundays and legal holiday g *
cepted. during the usual poiEoidcs
business hours Of the. town and LOCAL..
ties where the respective depoittories
are located, and during such additional
hours az the er:GenersT my
designate. + - y
Accounts may be opened BY any per
son Of the age 81 10 years, and III r.
rfed woman may open an account fnes
from interference by her husbahd. "A
trustee may open an account III IN
other person. No person can open more ks
than ono saving account except rSsn
acting 40 trustee for another psrepn
A depositor's pass book will 10.
livered to each 'depositor in which IL
name and other memoranda nsc1 safy
for Identification will be entered ina
entry Of all deposits shall be made
One dollar or larger amount in
multiples of 10 cents will be, neessaary
to open iii account, but n de.pI,,o5slts al 10
cents 81 iaulfipfessif thereof VIII s. re.
ceived after an account IL opened,
Upon receiving deposit the post
master is required to ENTER the same
In the pass book Of the depositor and
Immediately notify tie sPostfinaa:uStt Sr. Cen
eral 6r ting amount Of the deposit and
the name Of the deposition. The Post
nastsr-G General; upon receipt Of such
notice. 10 required. ia. -Ssnd an acknowl-
edgment thereof to the ,depoSitor, which
acknowledgment shall constitute con.
elusive evidence Of the making Of. such
deposit.
Interest Allowed sn Dspesits.
Interest y allowed at the rate Of 2
per cent per annum. computed snna-
ally. on the average deposit durIps
each quarter Of the year. .: One thou
sand dollars, Is the. maximum deposit
allowed TO the credit OF any one ac-
count, and i VIII not ee: paid.on
any amount to the credit Of in account
r sxcs.s Of 1902
Pas books must Be forwa rded to the
Postmaster General on the anniversary
Of the making e the 1rst deposit tor
ver VERT! ton ton. posting and credit Of .iu-
tsre.t due. Withdrawals may e. made
under rules and regulations te b. pre-
scribed BY TIE P9estlmester,G General, De
.poiits are exempt, from seizure under
anv Ie1nl nrncaaa oai naf thu Aano.ito,