The evening times., 1911-08-03
P0sTMASTERS CONVENTION
NOT HELD To RAISE SAL;
ARIES, SAYS PLUMLEY
CONTINUED from Page ~

lations for conducting a postal saw
ings depository, they are neither as
numerous or as hard to find in the
index as are the postal laws and reg
lations.
After laboring faithfully for about
five months in obtaining and compil-
Ing statistics and examining different
systems that are In vogue in several
foreign countries, where postal saw
ings system is in operation, the board
decided to designate one postofice in
each state and territory as a postal
savings depository for experimental
purposes-each office designated be-
Ing a second class office. The post
masters at the offices designated
were called to Washington on the
twenty-first day Of last December for
two purposes. instruction and also
consultation. Each paragraph Of the
regulations and instructions was read
and fully discussed and several
changes were made at the suggestion
of different postmastersl Our ex-
penses to Washington were paid by
the postofice department and to this
action Of the department there seem
ed to be no objection by any Of the
attending postmasters.
Seven Series
After an office has been designated
depository, llshk certificates Of
deposit will be sent you in denomi-
nations Of 81, 81, IS, SO, $50, $50 and
800, also about twenty different blank
forms for rendering monthly re-
ports and other purposes.
Each class Of certificates has a
series of its own. The 81 certificates
are series A, the 81 ones series B,
the S. ones series c, etc. In addition
to this, each individual certificate of
a series has serial numbes. These
certificates are issued in duplicate
not carbon copy. however. After hav-
ing inserted the name Of your Office,
the date of making the deposit, the
date interest begins, the name of the
depositor and the account number in
the original certificate, it is handed
to the depositor, together with an en-
velope or jacket on which you note
the amount of deposit in a space pro-
vided for that purpose. On this en-
velope Is printed instructions to. de-
positors and acts as receptacle
wherein to keep the certificates Of
deposit and is retained by the de-
positor.
Making Deposit
after having inserted the name
of your Office, the date of deposit, the
date interest begins and the account
number in the duplicate, you require
the depositor to sign his name in a
space provided for that purpose. This
duplicate you put in an envelope
and file in your Office. This gives
you the depositor's signature and a
duplicate of his certificate Of de-
posit. On this envelope certain ques-
tions are asked, the answers given by
the deposition are noted thereon and
filed. From the answers to these
questions it is easy to identity the
depositor should you not personally
know him, and is a safeguard against
cashing certificates that may have
been found or stolen.
Certificates of deposit are nom
negotiable and non-transferable, draw
two per cent interest, payable annu-
ally. Interest begins on the first day
Of the month following the month in
which deposits are made.
IF an order should be lost or stol-
en- the depositor will be required to
make an amdavit and application made
to the board Of trustees for dupli-
cate.
Limitations
"At present you are limited to ac-
cept deposits from patrons Of your
once only and they must be ten years
Of age or over. Postal savings cards
and postal savings stamps In the de-
Inomination Of ten cents each, howev-
|er, have been issued and these can
be sold In any amount to any person
regardless Of age or residence.
mo person can deposit more than
1900 In any one calendar month,