Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1911-08-17
?. 0. SAVINGS BANK
Uncle Sam Opens Postal Savings
Bank in Grangeville.
BUT FEW DEPOS7ORS TO DATE
Rules and Regulations Governing
the Institution.

A postal savings bank was opened in
Grangeville Monday and from now on
those who wish may deposit their saw
ings with Uncle Sam. Up to the pres
ent time there has been no great rush
with deposits and it is said less than
dozen dollars rest in the Golfers of your
Uncle's local strong box. Following
are some Of the rules and regulations
governing postal savings banks:
Safety.
The faith of the United States is
solemnly pledged to the payment of
deposits made in postal savings deposi-
tory Offices with accrued interest as
provided by the postal-savings act.
Who May Deposit.
Accounts may be opened and de-
posits made by any person OF 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 interfer-
ence or control by her husband. No
person can have more than one account
at any one time.
No person may open postal-savings
account at any post Office who is not
a patron of that Office
All accounts must be opened in per-
son by the depositor or his authorized
representative. After opening an ac-
count a depositor may forward subse-
quent deposits to the post office by
mail.
Deposits will be accepted only from
individuals, and no account will be
opened in the name Of any corporation,
association, society, firm, or partner
ship, or in the names of two or more
persons jointly.
No account will be opened in the
name of one person in trust for or on
behalf Of another person or persons.
i Deposits.
Deposits are evidenced by postal
savings certificates issued in fixed de
nominations of 81, 81, IS, $40, $40
$50 and 500, each bearing the name
! Of the depositor, the number of hi
account, the date Of issue, the name O
the depository Office, and the date OF
: which interest begins. The postmaste
J or his representative will make out |
duplicate Of each certificate issued
which the depositor will be requires
to sign and which the postmaster viii
retain in his records.
No account may be opened for les
than 81, nor will fractions of dolla
be accepted for deposit.
D No person is permitted to depos
u more than 800 in any one calenda
r month nor to have total balance
u his credit at any one time OF mol
J. than $500 exclusive Of accumulate
u interest.
Savings certificates can not be tran
at ferred or negotiated and will be pay
le BILE only to the person to whom ISSUES
s. On opening an account deposits
u is supplied with an envelope in whi'
&c 10 he may keep his savings certificate
'. On this envelope is printed inform
er tion for his guidance, and also blar
Ia ledger record on which to keep /
OF account Of his deposits and wit
drawals.
ay In case savings certificate is le
IN or destroyed the depositor shou
od notify the postmaster. II deem
proper, new certificate will be issu
upon compliance by the depositor wi
the necessary requirements.
ne Postmasters are not permitted
ew receive savings certificates for sa
he keeping.
Savings Cards and Stamps.
ers Amounts less than 81 may be say
pie for deposit by the purchase of 1O-c'
OIL postal-savings cards and adhesive
ng cent postal-savings stamps. Es
ep- postal-savings card contains bla
of spaces to which savings stamps n
of be affixed from time to time as P
the chased, and a postal-savings card "
ith nine 10-cent savings stamps thus at
ave ed will be accepted as deposit of
ere either in opening an account or
,ort adding to an existing account.
on Savings cards and stamps will
ity. redeemed only by the issue Of saw
ia certificates and are not valid for p
,ch. age. They will not oe received in
change for postage stamps nor