River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1911-08-03
Postal Saving System


last Monday. July 81. The rules of
the Postofice Department provide
that the postal banking hours be
from a. m. until 6 p. M, and the
same hours limit the time for
money order transfers at the post
office.
OBJECT-The Postal Savings Sys-
rem is established for the purpose
of providing facilities for deposit
ing savings at interest with the Sc
curity of the United States Govern
ment for repayment.
SAFETY-The faith of the United |
States is solemnly pledged to the
payment of deposits made in postal
savings depository Offices with &C.
crued interest as provided by the
postal-savings act.
WHO MAY DEPosIT-Accounts may
be opened and deposits made by
any person of the age of ten years
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 a postal-sa
ings account at any post Office who
is not patron of that office.
All accounts may be opened in
person by the depositor or his |
authorized representative. After |
opening an account depositor may
forward subsequent 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 partnership, 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.
SERVICE FRER-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 with
drawal of money deposited.
PRIVACY OF AcCOUNTS-No per-
son connected with the Post Office
Department or the postal service is
permitted to disclose the name of
any depositor or give any informa-
ton concerning an account except
to the depositor himself, unless di-
rected to do SO by the Postmaster
General.
How TO OPEN AN When
a person applies to open an account
be must furnish the necessary in
formation for the postmaster or his
representative to fill an application,
which he will then be required to
sign. If the applicant signs by
mark his signature must be wit
messed by a disinterested person.
DEPosITs-Deposits are evidenced
by postal savings certificates issued
in fixed denominations of 81, 81, S.,
$40, 500, $50 and 500, each bearing
the name of the depositor, the num-
Der of his account, the date of is
sue, the name of the depository Of
fee ard the date on which interest
begins. The postmaster or his rep
resentative will make out a dupli~
cate Of each certificate issued, which
the depositor will be required to
sign and the postmaster will retain
in his records.
No account may be opened for
less than 81, nor will fractions of
dollar be accepted for deposit.
No person is permitted to deposit
more than $500 in any one calendar
month nor to have a total balance
to his credit at one time of more
than $500 exclusive Of accumulated
interest.
Savings certificates can not be
transferred or negotiated and will
be payable only to the person to
whom issued.
On opening an account a deposit
or is supplied with an envelope in
which he may keep his savings GER
tificates. On this envelope is print
ed information for his guidance,
and also blank ledger record on
which to keep an account of his de-
posts and Withdrawals.
In case a savings certificate is
lost or destroyed the depositor
should notify the postmaster. If
deemed proper, a new certificate
will be issued upon compliance by
the depositor with the necessary
requirements.
Postmasters are not permitted to
receive savings certificates for safe