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

as deposit of 81 either in opening
an account or in adding to an ex-
listing account.
Savings cards and stamps will be
redeemed only by the issue of saw
ings certificates and are not valid
for postage. They will not be re-
ceived in exchange for postage
stamps nor will postage stamps be
accepted in exchange for postal
savings cards or stamps.
NTEREsT-Interest will be- allow
ed on all deposits at the rate of 2
per cent per amman, computed on
each savings certificate separately,
and payable annually. No interest
will be paid on money which re-
mains on deposit for a fraction of a
year only.
Deposits will bear interest from
the 1st day of the month next fol-
lowing that in which deposited.
Interest will continue to accrue on
a savings certificate as long as it
remains outstanding, certificates
being valid until paid, without linn
itation as to time.
Compound interest is not allowed
on an outstanding certificate, but a
depositor may withdraw interest
payable and include it in a new de-
post, which will bear interest at
the regular rate.
WITHDRAWALS deposition may
at any time withdraw the whole or
any part of his deposits to his Gre
dit with any interest payable by
surrendering savings certificates,
properly Endorsed, for the amount
desired.
A depositor presenting a certii-
cate for payment in full with all in
terest payable must indorse it on
the back in the presence of the post
master or his representative and
surrender it. The postmaster or
his representative, if satisfied as to
the depositor' identity, will then
make payment.
When a depositor desires to with
draw only part of the amount
called for by any certificate the
postmaster will cancel the certif-
cate and issue a new new certificate
covering the amount to be left on
deposit The new certificate will
be so dated that the depoSitor will
not lose interest on the amount re.
manning continuously on deposit.
When a depositor desires to with
draw merely the interest payable on
any certificate, instead of indorsing
and surrendering the certificate as
in case of full payment, he, will be
required to give his receipt in dupli
cate for the amount of the interest
paid. The postmaster will enter
the interest payment on the back of
the certificate and return it to the
depositor.
DEPOSITS NOT MADE IN PERSON
When a person who has opened an
account can not appear personally
to make an additional deposit, be-
cause of infirmity or for other good
and sufficient reason, the amount
to be deposited may be sent by
representative or forwarded by
mail. On receipt of the amount the
postmaster will send to the deposit
tor the duplicate of each savings
certificate to be issued. When the
duplicate or duplicates thus deliver
ed have been signed by the deposit
tor and returned to the depository
office, the postmaster will send him
the original certificates covering the
amount of the deposit. New &C.
counts can not be opened by mail
When an intending depositor de-
position desiring to open an account
is unable to appear in person he
may forward the money by repre-
sentative, 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 GER
ti6cates.
WITHDRAWALS Nor MADE IN PER
soN-When under similar circum-
stances a depositor can not appear
in person to make withdrawal,
blank order will be furnished for
his use upon request by his repre-
sentative. When such order has
been properly filled in and signed
by the depositor, with his signature
witnessed by a disinterested per-
son, and has been returned to the
postmaster, together with each GER
ti6cate to be paid properly indors-
ed, payment will be made to the de-
positor's representative.
When a depositor who is unable
to appear in person desires to with
draw merely the interest PAYABLE on