Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1911-11-24

to the depositOr's representative.
When depositor who is unable to
appear in person desires to with
draw merely the interest payable on
any certificate, the blank order fur
nished will include receipts for the
interest to be paid, upon return of
which, properly signed by the de-
positor, the postmaster will make pay
ment to his representative.
Death of Deposition
In case of the death of depositor
the amount standing to his credit
will be paid to the executor or adj
ministrator of his estate upon cOmpli-
ance with the necessary requirements.
In case no formal administration is
desired by his relatives, the post
master may, If it is deemed proper,
De authorized to pay the amount of
the deposit, on application in proper
form, to the persons entitled to re-
ceive it, without the appointment of
an administrator.
Account of Woman Who Marries
A woman who opens an account and
afterwards marrieS must present her
savings certificates at her office in
order that the certificates may be
indorsed as payable to her in her new
name. The postmaster will receive
no further deposits from a depositOr
falling to comply with this require
nent, nor will he make any partial
IL interest payment to her.
PostaI-Savings Bonds
A depositor will be permitted to
exchange the whole or any part of
lis deposits in the sums OF $40, $40,
$50, $50, 500, or multiples of 500
Up to and including $500, into United
States registered or coupon bonds
Bearing interest at the rate of 2h
per cent per annum, payable seminar
lually, and redeemable at the pleas
ire of the United States after one
year from date Of issue, both prin-
cipal and interest payable 20 years
rom such date in United States
gold coin. Such exchange may be
made under date of January / and
July of each year, provided such
bonds are then available.
A depositor desiring to convert his
savings deposits into bonds on Jan
larry l and July / of any year must
make application at least Is days
The postmaster in triplicate on a form
which will be supplied him for that
purpose. At the time of making APP
plicatiOn he must indOrse and sur
render savings certificates covering
the amount of the bonds desired, for
which the postmaster will give him a
receipt Interest will continue to ac-
crue on certificates surrendered until
the date on which the bonds applied
Tor are received by the postmaster,
the depositor will be notified and
the bonds will be delivered by the
postmaster on presentation OF the re-
ceipt for the certificates surrendered
At the same time all interest due on
the certificates surrendered will be
paid
Savings deposits converted into
bonds are not counted as a part of
the maximum of $500 allowed one
depositor, and there is no limitation
upon the amount of available postal
Sd. ings bonds which may finally be
acquired by a depositor.
Postal-savings bonds are exempt
from all taxes or duties of the Uni
ted States, as we'll as from taxation
in any form by or under State, mu
nicipal, or local authority.
Postal-savings bonds can only be
procured by the conversion Of post
al savings deposits, and will not be
issued to persons who are not de-
positors, but whether in registered
or coupon form they may, upon re-
ceipt by the depostor, be sold and
assigned at any time to any person
desired
information.
Further information concerning the
Postal Savings System may be OBJ
tanned by application at any depos-
tory office or by inquiry addressed
to the Postmaster General postal
Savings System), Washington, d. C.
FRANK H. HITCHCOCK.
Postmaster General.
TRAINING SCHOOL NOTES.
School will be in session Saturday