Fort Pierce news., 1911-09-29

pliance by the depositor with the nee /
essary require
Postmasters are not permitted 70 re. |
ceive savings certificates for saie.keep. |
ing,
Amounts less than 81 may be saw d |
for deposit by the purchase Of lO.cent
postal savings cards and adhesive 10.
cent postal-savlngs stamps. Each pos.
tal.savings card contains blank spaces
to which savings stamps may be affixed
from time to time as purch lsed, and
postal-savngs card with nine 10 cent
savings stamps thus affixed will be ac-
cepted as deposit Of 81 either In open
ing an account or in adding TO an exist
ing account,
Savings cards and sta mps will be re
deemed only by the issue Of savings Ger.
tiicates and are not valid for postage
They will not be received in exchange
for postage stamps nor will postage
stamps be accepted in exchange for
postal savings cards or stamps
Interest will be allowed on all depos-
its atthe rate Of 2 per cent per annum,
computed on each saving certificate
separately, and payable annually, No
interest will be paid on money which
remains on deposit for fraction of a
year only,
Deposits will bear interest from the
first day Of the month next following
that in which it is deposited.
! Interest will continue to accrue on a
savings certificate as long as it remains
outstanding. certificates being valid
until paid, without limitation as to time
Compound interest is not allowed on
an outstanding certificate, but depos-
itor MAJ withdraw interest payable and
include it in new deposit, which will
bear interest at the regular rate.
A depositor may at any time with
draw the whole or any part Of his de-
poslts to his credit with any interest
payable by surrendering savings GER
tifcates properly indorsed for the sum
desired,
In case of the death Of a depoSitor the
amount standing TO his credit will be
uaid to the executor or administrator
Of his estate upon compliance with the
necessary requirements. In case n
formal administration is desired by rel
atiyes, the postmaster may, II 1t Is
deemed proper, be authorized to pay
! the amount of the deposit, on appllca'
tion in proper form, to the person entl'
| tied TO receive it, without the appoint
ment of an administrator.
A depositor will be permitted TO eA'
change the whole or any part of his de-
n,sits in sums Of $50, $40, $50, $780, 800
or multiples of 800 up to aud including
| $500, into United States registered OF
coupon bonds bearing interest at tnt
rate of 2f per cent per annum, payapl'
semi.annually, aud redeemaole at tn'
Measure of the United States after one
wear from date of issue, both prlnclpa'
and interest payable 20 years from suct
date in United States gold coir' Sucl
exchange may be made under date 0
January | and July Of each year, pro
vided such bonds are then avaliaole'
savings deposits converted into bonds
are not counted as part OF the maxi
mum of $500 allowed one depositor' auo
,ners is no limitation upon the anonn
If ofasallable postal-savings Oonds wnlcl
NAV finally be acquired by depos'.or
Postal.sayings bonds are exep'p
fr,m All taxes or duties OF the onl'e'
states. as well as from taxation 10 Sn!
farm by or under State munic'pah :
local authoritt no nro
pastal savings bonds can only oe pto
cured by the conversion OF pos'ai.Sas s ),
irss denosits, and will not be lssuea :
persons who are not depositors' , ~
wberber in registered or coupon u lorii
W. nav. upop receipt by the depos
itor. be sold and assigned az any ''
20 any person desired ,,,,r N,
, W eH' ,,vmation concerning th
Postal Savings System may os '.',." oUs@'T, o,sc,
py application a any dsp9si'pIy d po,s@as 0S'
: or by inquiry addressed .l,,. 70 Wv system)
ter General Postal SAVINGS
washington, D. 9. ,,,.,o,,cocK.
postmaster General.