La Junta tribune., 1911-06-03
POSTAL SAVINGS BANK SOON.

designated as postal savings bank
depository and received instructions
TO arrange for the opening OF the
office on Monday. June Goth. Mr. Dal-
ton Will go to Leadyiile on June 18th.
where he viii remain for two days
to receive instructions in the modus
operandi OF conducting postal say
ings bank. and on his return Will be
ready to receive deposits and trans
act the other functions Of a full.
fledged postal banker
+ The postal savings system is es-
tablished for the purpose of proHid-
I Ing facilities for depositing savings
at interest with the security of the
United States government for repay
meut.
The faith of the United States Is
solemnly pledged to the payment OF
deposits made in postal savings de
pository offices with accrued inter st
as provided by the postal savings
act.
Accounts may be opened and depos-
its made by any person OF the age
OF 10 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.
No person may open postal-say.
ings accoun, at any postofficc who Is
not patron Of that office.
Deposits viii be accepted only from
individuals. aud no account viii be
opened In the name OF any corpora
tion. association. society. firm or
partnership. or In the names OF
rwo or more persons jointly.
No aecoun, will be opened In the
name OF one person in trust for or
on behalf OF another person or per
sons.
The service Of the postal savings
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
When person applies to open an
account he must furnish the neoes-
sary information for the postmaster
or his representative to flli out an
application. which he viii then be
required to sign. II the applicant
signs by mark his signature must be
Witnessed by a disintorcst,d person
Deposits are evidenced by postal
savings certificates issued la fixed
denominations of 81. 81. S.. SO. $50.
s. and 500. each bearing the name
OF the deposition. the number Of his
account. the date of issue. the name
of the depository office and the date
on which Interest begins The post
master OF his representative will
make out a duplicate OF each ccrtif-
cate issued. which the depositor will
be- required TO sign and which the
postmaster viii retain la his records.
No account may be- opened for
less than 81. nor will fractions OF a
dollar bee accepted for deposit
No person Is permitted to deposit
more than 500 la any on. calendar
month nor TO have total balanc. to
his credit AZ one time of more than
5000 cXclusis, Of accumulated inter.
est
ON opening an account a dcpositor
is supplied With an cngrlope in which
10 keep al account OF his deposits
and Withdrawals
Amounts less than 81 may be- saved
Tor deposit by the purchase OF ten
cent postal saSinss cards aud adhes-
I've ten cent postal savings stamps
Each postal savings card contains
blank spaces To which savings stamps
may b. affixed from time TO time
AS purchased. aud a postal savings
card with nine ten-ceat savings
stamps thus affixed will be- accepted
as deposit OF 81 either In opening
an account OF In adding TO an exist
ing account
Interest viii be- allowed ON all de
posits at the rate OF two psf cent
per annum. computed on zach sas.
inss eertifioat" separately. aud pay.
able annually No interest will be-
paid on money which remains on
deposit fur a fraction OF year only
Compound interest IL not allowed
ON an outstanding certificate. but
deposition may Nlthdraw interest pay.
able and include IL In new dopos-
It, which viii bear lntcrrst at the
regular rate.