The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1911-09-16
POSTAL SAVING
BANKISOPENED
IN PENSACOLA
YESTERDAY WAS THE FIRST
DAY AND QUITE A NUMBER OF
PERSONS OPENED ACCOUNTS
WITH THE NEW INSTITUTION.

2
The postal savings bank was opened
yesterday morning and during the day
quite a number OF persons awaited
themselves Of the opportunity OF
opening accounts with the new gov
eminent institution. The bank IL In
the once of the assistant postmaster.
which has been lifted up for this pur-
pose.
There was no great rush to deposit
money, but the number to call during
the day and make deposits showed
that considerable interest Is manifest.
The object and rules governing the
local savings bank are as follows:
1. The Postal Savings System IL
established for the purpose Of proV1-
ing facilities for depositing savings
at interest with the security Of the
United states government for repay
ment.
is solemnly pledged to the payment
Of deposits made IN postal savings
depository offlces with accrued inter-
est as provided by the postal-sav1ns
who May Deposit.
3. Accounts may be opened ana
deposits made by any person OF tne
age Of 10 years or over In MS or neI
own name and by q married woman IN
her own name and free from any IN
reference or control by her husband
No person can have more than one
account at any one time
4. No person may open post1I-
savings account at any post ONCE VINO
is not q patron Of that once
s. All accounts must be opened IN
person by the depositor or his au-
fhorized representative. After opening
An account a deposition may forward
subsequent deposits to the post once
by mail.
6. Deposits will be accepted only
from individuals, and no account VIII
be opened In the name OF any cor
noration. association, society, firm or
partnership, or in the names OF Two
or more persons jointly.
7. No account will be- opened In
the name of one person in trust Tor or
on behalf of another person or per-
sons.
8. The service Of the Postal Savings
System Is free, and no charge or Zee
is collected or required in connection
with the opening of an account or the
withdrawal Of money deposited.
9. No person connected with the
post once department or the postal
service is permitted to disclose the
name of any depositor or give any
information concerning an account
except to the depositor himself, unless
directed to do so by the postmaster
general
How TO Open an Account.
TO- When a person applies to open
an account he must furnish the neces-
sary information for the postmaster or
his representative to fill out an appns
cation, which he will then be required
to sign. II the applicant signs by
marx his signature must be witnessed
by a disinterested person. ~
IL. DEPOSITS are evidenced by pos
tai savings certificates issued in nxed
denominations of 81. 50, S., $40, $40,
$50 and 500, each bearing the name
of the depositor, the number of his ac-
count, the date Of issue, the name OF
the depository Office. and the date on
which interest begins The postmaster
or his representative will make out a
duplicate of each certificate issued,
which the depositor will be required
to sign and which the postmaster
will retain in his records.
IL. No account may be opened Tor
less than 81, nor will fractions of a
dollar be accepted for deposit
13. No person Is permitted to de-
post more than 500 in any one calen-
dar month nor to have a total balance
10 MS circuit d. olic IiAtS "a AAOAO @.Ae~A'
$500 exclusive of accumulated inter-
est.
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 q de-
ppsitor is supplied with an envelope
in which he may keep his savings GER
tificates. On this envelope Is printed
information for his guidance, and also
blank ledger record on which to
keep an account OF his deposits and
Withdrawals.
16. In case a savings certificate Is
lost or destroyed the depositor should
notify the postmaster. II deemed
proper, a new certificate will be is
sued upon compliance by the de-