The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1911-11-30
POSTAL SAVINGS BANK
To Be Established In Hick-
man December 18th.

office has been designated as Pos
tai Savings Bank. An inspector will
be here shortly to give instructions
In the operating OF this new institu-
ton, which will begin business on
Monday morning. Dec. 10.
Their success in large cities has led
Postmaster General Hitchcock to ex-
tend the service to many of the
cities in Hickman's class.
The postal savings bank Is a new
thing in this country and many peo-
pie are not familiar with the man
ner in which they do business. For
that reason we give below a brief
explanation OF them that will be of
interest in the general PUBLIC:
The Postal Savings System is es-
tabished for the purpose of providing
facilities for depositing savings at
interest with the security OF the
United States Government for pay
ment.
The faith OF the United States is
solemnly pledged to the payment Of
deposits made In postal savings de
pository offices with accrued interest
as provided by the Postal Savings
Act.
Accounts may be opened and de-
posits made by any person of the age
Of ten years in his or her own name.
and by a married woman in her own
name and free from any interference
or control by her husband. Deposits
will be accepted only from individuals
who are patrons OF this post office.
aud no account will be opened in the
name OF any corporation, society, or
firm, or in the name OF two or more
persons Jointly. The service of the
Postal Savings System is free to all
persons entitled to make deposits and
no charges or fee is collected OF re-
'quired In connection with the opening
OF an account or the withdrawal of
anv money deposited.
No person connected with the post
office department or the postal ser
vice is permitted to disclose the name
OF any depositor or give any infor-
nation concerning an account TO any
person other than the depositor him
self unless directed TO do so by the
Postmaster General
Deposits are evidenced by postal
savings certificates issued in fixed
denominations of one, two. five, ten,
twenty. fifty and one hundred dol
lars. each bearing the name of the de /
position, and being nontransferable !
and nonnegotiable. No account will
be opened for less than one dollar nor
win fractions of a dollar be accepted |
for deposit at any time. No person is
permitted TO deposit more than one
hundred dollars in any calander month
nor TO have a total balance to his
credit at any one time of more than
live hundred dollars, exclusive of &C
rumulated interest.
Amounts for less than one dollar
may be saved for deposit by the pur-
chase of postal savings cards at ten
tents each and OF specially prepared
adhesive ten cent postal savings
stamps. Each postal savings card
contains blank spaces to which ten
cent savings stamps may be affixed
rom time TO time as purchased. and
/ postal savings with nine ten cents
'avings stamps thus affixed will be
accepted as a deposit of one dollar
'ither In opening a savings account
n in adding TO an existing account.
Interest will be allowed on all de-
,osits at the rate of two per cent per
innum. computed on each savings GER
ificates separately, and payable an
lually. no interest being paid on mon
y which remains on deposit for
raction of year. Deposits will bear
interest from the first day of the
month next succeeding that in which |
deposited. Interest will continue to
ccrue on a savings certificate as
ong as it remains outstanding, GER
ificates being valid until paid, with
,ut limitation as to time. Compound
interest is not allowed on an out
tanding certificate, but a deposltor
nay withdraw interest payable and
make a new deposit which will bear
interest at the regular rate.
A depositor may at any time with
raw the whole or any part of the
unds deposited to his credit with any ,
interest payable by surrendering saw
ngs certificates properly Endorsed
overing the amount of the desired
The accrued interest a
one may be withdrawn when payable
pon application to the postmaster.
A depositor will be permitted TO
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