The Topeka state journal., 1911-09-04
Strict Rules That Govern Their
Operation.
no CHECKING ACCOUNTS
Rate of Two Per Cent. Interest
Is Paid.
Firms Are Not Permitted to
Make Deposits.

Washington. Sept 4.-Up to thu
present date sixty-three Kansas post
offices of the first and second clasi
have been designated by Rostrnaslel
hanks Many of the repositories, in
Guiding Topeka, Kansas City and Law
renee, will not be put n operation 1ol
a few weeks
The list of Kansas postofhces deslg-
mated as repositories are:
Abilene Anthony, Arkansas city
Baldwin Bel1eville, Beloit, Burlington
Caldwell, Caney, Chanute, Cherryvale
CsIav Center, Coffeyville. Columbus
Concordia, Council Grove, Dodge CITY
FIDorado, Ellsworth, Emporla, Eu-
reka, Fort I1eavenworth, Fort Scout
Fredonia, Galena, Garden City, Car
T4iawatha, Horton, HOlton, Independ-
ence lola, Junction City, Kansas City
Kingman, Larned. Lawrence, Liberal
Tindsborg, Lyons, Mcpherson. Man
haitian, Marysville. MlnneaPols' >47t1o Neo.
desha, Newton. Norton, Olathe. Usage
City. Osawatomie, Oswego, ottawa
Paola. Parsons. Pittsburg, Pratt, Ster-
ling. Topeka Wellington and Wlnheld.
These new banking institutions OF
Uncle Sam provide only for the re-
CENT of savings. and not as banks Tor
checking accounts, or general banking
business.
Deposits made in them draw interest
at the rate of 2 per cent per annum,
and the safety of both principal and
interest is guaranteed by the United
States government
Deposits may be made by any per
son ten years of age or over, in his or
her own name, and by married Won-
an in her own name and free from the
control of her husband
No person can have more than one
account at any one time.
Accounts must be opened in person
bv the depositor or his authorized
representative. Subsequent deposits
may be forwarded to the postoffice by
mail
Deposits will be accepted only from
individuals. No account can be open
ed in the name of a corporation, aSso-
citation, society, firm or partnership, or
in the names of two or more persons
Jointly. No account can be opened by
one person in trust for another per
son or persons.
No Fees of Any Kind Charged.
No fees or charge of any kind is
exacted either for opening an account
or withdrawing money deposited No
one connected with the postal service
is permitted to disclose the name of a
depositor or give information concern
ing an account, except to the de-
positor, unless specially directed by the
postmaster general to do so.
Persons desiring to deposit their
savings will be required to sign an ap
plication furnished by the postm aster
or his representative. If it be signed
by mark, when the person is unable to
write, the signature must be witnessed
by disinterested person.
Deposits must be made in dollars
and for them certificates will be issued
in fixed denomination of 81, 81, $5,
$40, 500. $50 and 500, each bearing
the name of the depositOr, the number
of his account, the date of issue. the
name of the depository Office and the
date on which interest begins
Stamps May Be Used for Deposits.
No account can be opened for less
than 81. but persons who wish to de-
post fractional parts of dollar may
purchase a postal savings card and
stamps of the denomination of 10
cents, each to be attached to it. When
they amount to one dollar the card |
and stamps will be acceptable as estab- |
lshing an account and a certificate
will be issued the depOsitor upon sur
rendering them.
No person will be permitted to de-
pOSit more than 500 in any one cal |
endar month, nor will any more de-
posits be accepted when the account, !
excluive of interest. amounts to $500. |
January and July I OF each year
depositOrS may exchange their certi- !
ficates for United States bonds bear |
ing interest at the rate of 21A per
cent per annum. payable semi annual |
" and redeemable at the pleasure of |
the United States one year from date |
OF issue
Both interest and principal are
payable in gold twenty years after the !
date of issue of a bond.
Certificates Negotiable.
Certificates of deposit draw interest !
at the rate OF per cent per an
mum. They cannot be transferred or
negotiated, but are payable to the |
person to whom they are issued, or |
his legal representative in case of /
death
Depositors are furnished with an
envelope in which to keep their Ger |
tificates, and which contain a ledger
blank in which they can keep an ac-
count of their deposits.
If a certificate is lost or destroyed /
the postmaster should be at. once no
tilted, and, if proper. a new certifi-
cate will be issued upon compliance |
with certain requirements.
PostmaSters are not permitted to |
accept certificates for keeping |
Interest, computed on each savings |
certificate separately. will be allowed |
upon all deposits at the rate of per |
cent per annum, payable annually. |
No interest will be paid on money |
which remains on deposit for a frae- |
tiOn of a year only.
Interest begins to run on the first /
day of the calendar month after the |
deposit is made and continues as long
as the certificate is outstanding. GER |