The Colville examiner. [volume] (Colville, Wash.) 1907-1948, 1911-07-08

Noiiu uhIhi aPeSANt
as to time.
Compound interest is not allowed
on an outstanding certificate, but
depositor may withdraw interest pay
able and include 1t in new deposit,
which will bear interest at the regu-
lar rate.
A depositor may at any time with
draw the whole or any part of his de-
posits to his credit with any interest
payable by surrendering savings cer-
tificates, properly endorsed, for the
amount desired.
A depositor presenting certificate
for payment in full with all interest
payable must endorse it on the back
in the presence of the postmaster or
his representative and surrender it.
The postmaster or his representative,
If satisfied as to the depositors iden-
tity. will then make payment
When a depositor desires to with
draw only a part of the amount called
for by any certificate the postmaster
will cancel the certificate and issue
new certificate covering the amount
to be left on deposit The new GER
tificate will be SO dated that the de-
positor will not lose interest on the
amount remaining continuously on
deposit.
When depositor desires to with
draw merely the Interest payable OH
any certificate, instead of indorsing
and surrendering the certificate as in
case of full payment, he will be re-
quired to give HIS receipt in dupli-
oo+o fo, tho pf tho iptoract
paid. The poctmaGter will enter the
interest payment on the back Of the
certificate and return it to the 6eposi-
tor.
When a person who has opened an
account cannot appear personally to
make an additional deposit, because
of infirmity or for other good and
sufficient reason, the amount to be
deposited may be sent by represent
ative or forwarded by mail. On re-
ceipt of the amount the postmaster
will send to the depositor the dupli-
cate of each savings certificate to be
issued. When the duplicate or du-
plicates thus delivered have been
signed by the depostor and returned
to the depository office, the post
master will send him the original
certificates covering the amount of
the deposit. New accounts cannot
be opened by mail. When an intend
ing depositor desiring to open an ac-
count is unable to appear in person
he may forward the money by rep
resentative, who will be provided
with an application form, which must
be properly filled out by the intending
depositor and returned with the
duplicate certificate or certificates.
When under similar circumstances
a depositor cannot appear in person to
make a withdrawal, blank OrLer
will be furnished for his use upon
request by his representative. when
such order has been properly filled
in and signed by the depositor, with
his signature witnessed by a dis
interested person, and has been re-
turned to the postmaster, together
with each certificate to be paid prop
erly Endorsed, payment will be maze
to the depositor's representative.
When a 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
payment to his representative.
In case of death of depositOr the
amount standing to his credit will
be paid to the executor or administra-
tor of his estate upon compliance
with the necessary requirements. In
case no formal administration is de-
sired by his relatives, the postmaster
may, if it is deemed proper, be au-
thorized to pay the amount of the de-
posit, on application in proper form,
to the persons entitled to receive IT.,
without the appointment Of an ad-
ministrator..
A woman who opens an account
and afterward 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
ment, nor will he make any partial
or interest payment to her.
A depositor will be permitted
to exchange the whole or any
part of his deposits in sums Of $40,
$40, $50, $50, 800, or multiples
of 500, up to and including
$500, into United States registered
or coupon bonds bearing interest at
the rate of 2k per cent per an
mum, payable semi-annually, and re-
deemable at the pleasure Of the
United States after one year from
date of issue, both principal and in
terest payable twenty years from
such date in United States gold coin.
Such exchange may be made under
date of January Est and July 1st OF
each year, provided such bonds are
then available.
A depositor desiring to convert his
savings deposits into bonds on Jan
uary 1st and July 1st Of any year
must make application at least fifteen
DAYS before either Of the dates
named to the postmaster in tripli-
cate on a form which will be supplied
him for that purpose. At the time Of
making application he must indorse
and surrender savings certificates
covering the amount OF the bonds de-
sired, for which the postmaster will
give him a receipt. Interest will con-
tinue to accrue on certificates sur
rendered until the date on which the
bonds are issued. When the bonds
applied for are received by the post