Evening journal., 1911-08-09
POSTAL BANK REQUIREMENTS


When a depositor desires to with
draw merely the interest payable on
any certificate, instead OF indorsing
and surrendering the certificate as in
case of full payment. he will be re-
quired to give his receipt In duplicate
for the amount of the interest paid.
The postmaster will enter the inter
est payment on the back Of the GER
tificate and return il to the depositor.
When a person who has opened an
account can not appear personally TO
make an additional deposit, because
of infrmity or for other good and
sufficient reason, the amount TO be de-
posted may be sent by a representa-
tive or forwarded by mail. On re-
ceipt OF the amount the postmaster will
send 10 the depositor the duplicate OF
each savings certificate to be issued
When the duplicate or duplicates thus
delivered have been signed by the
depositor and returned TO the depos-
itory office, the postmaster will send
him the original certificates covering
the amount OF the deposit New ac-
counts can not be opened by mail.
When an intending depositor desiring
to open an account is unable to ap-
pear in person he may forward the
money by a representative, who will
De provided with an application form,
which must be properly filed out by
the intending depositor and returned
with the duplicate certificate or GER
tihcates.
Withdrawals Not Made In Person.
When under similar circumstances
depostor can not appear in person
TO make a withdrawal, blank order
will be furnished for his use upon
request by his representative. When
such order has been properly filed
in and signed by the depositor, with
his signature witnessed by disinter-
ested person and has been returned
to the postmaster, together with each
certificate TO be paid properly indors-
ed, payment will be made 10 the de-
positor's representative.
When a depositor who Is unable to
appear in person desires to withdraw
merely the interest payable on any
certificate, the blank order furnished
Will include receipts for the interest
to be paid, upon return OF which, pro-
perly signed by the depositor, the post
master Will make payment to his rep
resentative.
In case of the death OF a depositor
the amount standing to his credit will
be paid to the executor or administra-
tor OF his estate upon compliance with
the necessary requirements. In case
no formal administration is desired
by his relatives, the postmaster may.
II 1t is deemed proper, be authorized
to pay the amount of the deposit. on
application I'm proper form, to the
persons entitled to receive Il, without
the appointment OF an administrator.
A woman who opens an account and
afterwards marries must present her
savings certificates at her office in
order that the certificates may be in
dorsed as payable to her I'm her new
name. The postmaster will receive
no further deposits from depositor
falling to comply with this require
ment, nor will he make any partial
or interest payment to her.
POStal-Sayings Bonds.
A deposltor will be permitted to ex-
change the whole or any part of his
deposits in sums Of 500, $40, S6O $50
800, or multiples Of 500 up to and
including $500, into United States reg.
istered or coupon bonds bearing in.
terest at the rate of 2 IL per cent
per annum, payable semi-annually, and
redeemable at the pleasure OF the
United States after one year from date
of issue, both principal and interest
payable 20 years from such date in
United States gold coin. Such ex-
change may be made under date OF
January 1 and July / of each year
provided such bonds are then avail
able.
A depositor desiring to convert his
savings deposits into bonds on Janu.
airy 1 and July Of any year must
make application at least Is days be-
fore either Of the dates named tC
the postmaster I'm triplicate on a form
which will be supplied him for that
purpose. AT the time OF making ap,
plication he must indorse and sur.
render savings certificates GOVERNS
the amount of the bonds desired, fol
which the postmaster will give hin
a receipt Interest will continue tC
accrue on certificates surrendered
until the date on which the bonds arc
issued. When the bonds applied FOL
are received by the postmaster, the
depositor will be notified and the
bonds will be delivered by the post
master on presentation OF the receipt
for the certificates surrendered. At tho
same time all interest due on the Ger.
tificates surrendered will be paid.
Savings deposits converted into
bonds are not counted as a part OF
the maximum OF $500 allowed one de
positor, and there is no limitation upor
the amount of available postal-sav
ings bonds which may finally be ac.
quired by a depositor.
Postal-savings bonds are exempr
from all taxes or duties of the United
States, as well as from taxation in
any form by or under State, muni
cipal, or local authority.
! Postal-savings bonds can only b,
procured by the conversion Of postal.
savings deposits. and will not be is.
sued TO persons who are not deposi.
tors, but whether I'm registered OF
coupon form they may. upon receip
by the depositor, be sold and assign.
ed at any time to any person desired