Charlevoix county herald., 1911-11-18
Postal Savings
Depository To Be Opened at
East Jordan, Dsc. 9TH

The East Jordan Postotfice has been
designated by the Postmaster General
as a Postal Savings Depository. same
70 be opened for business on Dec. 7th.
Below is an outline Of the objects OF
the Institution with some Of the prin-
cipal rules governing deposits.
OBJECT
1. ne Postal Savings System is es-
tablished for the purpose of providing
facilities for depositing savings at in
terest with the security OF the United
States Government for repayment.
SAFETY
2. The faith of The United States is
soemny pledged to the payment of
deposits made In postal savings de-
pository offices with accrued interest
as provided by the postal savings act.
WHO MAY DEPOSIT
5. Account may be opened and de-
posits made by any person "f the age
OF ten years or over IN his or her own
name and by married woman in her
own name and free from any inter-
ference or control by her husband.
No person can have more than one
account at any one time.
4. No person may open a postal
savings account at any post-otfice who
is not a patron of that office.
5.All accounts must be opened In
person by the depositur or his author
ized representative. After opening
an account a depOsitor may forward
subsequent deposits to the posi- office
by mail.
6. Deposits will be accepted only
fpmJpdividuals, aud on no account
wiffpe opened in the name OF any.
corp9 ration, association, society. firm,
or paFtnership, or in the names OF
two Or more persons Jointly.
Z. No account will be opened ia the
pane of one person IL trust for or on
behalf of another person or persons.
SEKNlCE FkEE
8. The service of the Postal Saving
System is free, and no charge or fee
is collected or required in connection
with the opening Of an account Or the
withdrawal OF money deposited.
PRIVACY OF ACCOUNTS
o. No person Connected with the
Post Ohice Department or the postal
service is permitted TO disclose the
name Of any depositor or give any in-
formation concerning an account ex-
cepttn the depositor himself, unless
dirAE+d TO do SO by the Postmaster
General.
HOW TO OPEN AN ACCOUNT
10. When person applies to open
an account he must furnish the nee.
essary information for the postmaster
or his representative TO fill out an
application, which he will then be re-
quired TO sign. If the applicant
signs by mark his signature must be
witnessed by dsinterested person.
DEPOSITS
IL. Deposits are evidenced by postal
savings certificates issued in fixed
. denominations of 81, 81, So, $50, $50,
and 500, each bearing the name OF
the deposltor the number Of his ac-
count, the Date of issue, the name Of
the depository office, and the date on
which interest begins. The post
master or his representative will make
out a duplicate Of each certificate iss-
ued, which the depositor will be re-
quired TO sign aud which the post
master will retain in his records.
re. No account will be opened .for
lessfhan ST., nor will fractions Of
dollar be accepted for deposit.
l3. No.persOn is permitted to de-
posit more than 800 in any one cal
endar month nor TO have a total bal
abce TO his credit at one time OF more
than $500 exclusive Of accumulated
interest.
Ia Savings certificates can not be
transferred or negotiated and Will be
payable only to the person TO whom
issued.
Is. On opening an account de-
positor Is supplied with an envelope
in which he may keep his savings
certificates. On this envelope Is
printed information for his guidance
and also blank ledger record or
which TO draw an account of his de-
posits and Withdrawals.
l6 In case the savings certificate is
iftor DESTROYED the deposition should
notify the postmaster. If deemed
proper, new certificate will be issued
upon compliance by the depositor
/. with the necessary requirements.
II. Postmasters are not permitted
to receive savings certificates for safe