The Devils Lake world. (Devils Lake, N.D.) 1911-1911, 1911-05-05
new E POSTAL BANK
STARTS IN CITY
DEPOSITS ALREADY RECEIVED IN
THE NEW POSTAL SAVINGS
BANK HERE.

1nSS Bank mas dlrcauy started recelF.
ing money from local residents. The
new laws are stringent regarding d.
vulging any information regarding the
amounts and it is impossible for The
World to secure facts concerning the
volume of business done.
The text of the new plan is as fol
lows:
Object.
l. The Postal Savings System is es
tablished for the purpose of providing
for depositing savings at interest with
the security Of the United States Gov
eminent for repayment.
Safety.
2. The faith of the United States
IS solemnly pledged to the payment of
deposits made in postal savings de.
pository Offices with accrue.. interest
by the postal-savings act.
Who May Deposit.
3. Accounts may be opened and dc.
posits made by any person of tie age
Of 10 years or over in his or h'r name
and by married woman in her owr
name and free from any intc'' .r"nce
or control by her husband. No person
can have more than one ac:oun. at .,ny
one time.
4. No person may oren postal
savings account at any post office wiz
is not patron OF that oE:te.
S. All accounts must be opened il
person by the derositor or III, aatloriz
ed representative. After opening al
account depositor may forwvr,' subse
quent deposits to the post otlice by mai
6. Deposits will be a::crtet: onl,
from individuals. and no account vii
be opened in the name of any corpora
ton, association, society, firm Or Part
nership, or in the names of two or NOR
persons Jointly.
z. No account will he opened in tn
name of one person III trust for anothe
or on behalf Of another person or PEI
sons.
Service Free.
8. The service of the POstals ;Savin
System is free, and no charge or fe
is collected or required in connectio
with the opening of ali account Or T.!
withdrawal of money deposited.
Privacy Of Accoun's,.
o. No person connected with Il
Post Office Department. or the post
service is permitted to disclose Il
J name of any depositor or give any i
. formation concerning ;.u account exec
to the depositor himself. l. less 'lirect'
= to do so by the Postmaste. General.
u How to Open en- Actcunt.
10. When a person 81 ,lies to OF
= an account he musta furnish the IL
: essary information for the postmast
: or his Representatives to ill out an app
y cation, Which he will then he rcGuir'
to sign. If an applicant signs by ma
80 his signature must be witnessed by
disinterested party.
Il Deposits
= II. Deposits are evidenced by post;
:, savings certificates issued in fixed .
y nominations Of 81, So, SIS, $40, $50, $;
= and 800, each bearing the name Of t
i depositor, the number of Ills accoul
9 the date of issue, the name Of the I
pository Office, and the date on viii
interest begins. The postmaster OF
representative will make out u dup
:. cate Of each certificate issued, viii
. the depositor will be required to S:
and which the postmaster will reta
in his records.
: -. No account may be opened
less than 81, nor will fractions Of
dollar be accepted for deposit.
10. No person is permitted to {
q post more than 500 in any one cali
81 dar month nor to have total bala.
ri to his credit at one time Of more tt
= $500 exclusive of accumulated interc
81 IA. Savings certificates cannot
81 transferred or negotiated and will
81 payable only to the person to whom
81 sued.
81 10. On opening an account a dep
itor is supplied with an envelope
F. which he may keep his saving cert
$ Gates. On this envelope is printed
! formation for his guidance, and a
u a bank ledger record on which to Ike
an account Of his deposits and wi
drawals.
&c. In case savings certificate
lost or destroyed the depositor sho'
notify the postmaster. If deem
proper, new certificate will be issr
upon compliance by the depositor W
the necessary requirements.
II. Postmasters are not permitted
receive savings certificates for sa
keeping.
Savings Cards and Stamps.
10. Amounts less than ST may
saved for deposit by the purchase Of
cent postal-savings cards and adhes
1O-cent postal savings stamps. Es
pastal-savings card contains bla
spaces to which savings stamps may
affixed from time to time as purchas
and postal savings card with nine
cent savings stamps thus affixed will
accepted as deposit of 81 either in
ening an account or in adding to an
listing account.